N-Q 1 l13471anvq.txt STI CLASSIC FUNDS -------------------------- 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: 5/31 --------------------------------- Date of reporting period: 2/28/05 ----------------------------------- 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 EQUITY FUNDS AGGRESSIVE GROWTH STOCK FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE ------------ -------------- COMMON STOCKS (98.4%) CONSUMER DISCRETIONARY (16.6%) Best Buy Co., Inc. 22,000 $ 1,188 Blue Nile, Inc. * 27,500 772 Coach, Inc. * 25,000 1,388 eBay, Inc. * 69,400 2,974 Garmin Ltd. 4,254 218 Getty Images, Inc. * 4,302 307 IAC/Interactive Corp. * 56,600 1,274 Omnicom Group, Inc. 10,600 965 Univision Communications, Inc., Class A * 4,100 108 Walt Disney Co. (The) 56,400 1,576 -------------- 10,770 -------------- CONSUMER STAPLES (9.7%) Avon Products, Inc. 41,300 1,766 Starbucks Corp. * 55,000 2,850 Whole Foods Market, Inc. 16,100 1,655 -------------- 6,271 -------------- FINANCIALS (11.7%) BlackRock, Inc., Class A 12,500 970 Capital One Financial Corp. 35,400 2,714 Investors Financial Services Corp. 54,600 2,737 SLM Corp. 23,700 1,157 -------------- 7,578 -------------- HEALTH CARE (18.5%) Alcon, Inc. 3,500 302 Biosite, Inc. * 11,800 684 Cephalon, Inc. * 27,500 1,349 Eyetech Pharmaceuticals, Inc. * 7,544 250 Forest Laboratories, Inc. * 38,800 1,657 Genentech, Inc. * 21,741 1,026 Gilead Sciences, Inc. * 59,300 2,049 Johnson & Johnson 16,900 1,109 Kyphon, Inc. * 12,700 312 Laboratory Corp. of America Holdings * 1,472 70 Martek Biosciences Corp. * 17,400 1,166 Medicis Pharmaceutical Corp., Class A 22,500 777 Pfizer, Inc. 5,100 134 Wright Medical Group, Inc. * 41,500 1,058 -------------- 11,943 -------------- INDUSTRIALS (1.7%) Monster Worldwide, Inc. * 37,502 1,082 -------------- INFORMATION TECHNOLOGY (38.0%) Apple Computer, Inc. * 49,400 2,216 Avaya, Inc. * 42,900 601
Broadcom Corp., Class A * 23,500 758 CheckFree Corp. * 4,869 188 Cisco Systems, Inc. * 19,225 335 CNET Networks, Inc. * 73,900 669 Cognizant Technology Solutions Corp., 74,200 3,503 Class A * Dell, Inc. * 38,200 1,531 First Data Corp. 3,382 139 Fiserv, Inc. * 6,081 231 Flextronics International Ltd. * 141,500 1,889 Google, Inc. * 4,000 752 Intel Corp. 50,500 1,211 International Business Machines Corp. 4,252 394 Juniper Networks, Inc. * 42,800 922 Microsoft Corp. 29,054 732 Paychex, Inc. 39,800 1,271 QUALCOMM, Inc. 72,500 2,618 SRA International, Inc., Class A * 13,600 827 UTStarcom, Inc. * 37,615 483 VeriSign, Inc. * 23,833 654 Yahoo!, Inc. * 82,000 2,646 -------------- 24,570 -------------- TELECOMMUNICATION SERVICES (2.2%) Nextel Communications, Inc. * 38,100 1,121 Sprint Corp. 13,200 313 -------------- 1,434 -------------- TOTAL COMMON STOCKS (COST $59,657) 63,648 -------------- DEPOSITARY RECEIPTS (0.4%) Nasdaq-100 Trust, Series 1 7,609 283 -------------- TOTAL DEPOSITARY RECEIPTS (COST $279) 283 -------------- REPURCHASE AGREEMENTS (0.3%) Merrill Lynch & Co. Inc., 2.535% , dated 02/28/05, to be repurchased on 03/01/05, repurchase price $203,496 (collateralized by FMNA Obligations 5.500%, 02/01/35; total market value $208,363) $ 203 203 -------------- TOTAL REPURCHASE AGREEMENTS (COST $203) 203 -------------- TOTAL INVESTMENTS (COST $60,139) (a) - 99.1% 64,134 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.9% 566 -------------- NET ASSETS - 100.0% $ 64,700 ==============
------------ SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS BALANCED FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE ------------ -------------- COMMON STOCKS (59.4%) CONSUMER DISCRETIONARY (9.2%) Harley-Davidson, Inc. 54,600 $ 3,378 Home Depot, Inc. (The) 67,600 2,705 J. C. Penney Co., Inc. 71,000 3,159 Kohl's Corp. * 33,000 1,580 Lowe's Cos., Inc. 28,900 1,699 NIKE, Inc., Class B 40,400 3,512 Omnicom Group, Inc. 26,200 2,386 Staples, Inc. 71,500 2,254 Time Warner, Inc. * 87,000 1,499 Walt Disney Co. (The) 73,500 2,054 -------------- 24,226 -------------- CONSUMER STAPLES (4.6%) Clorox Co. (The) 50,000 3,002 Sara Lee Corp. 49,800 1,116 Wal-Mart Stores, Inc. 76,000 3,922 Walgreen Co. 93,400 4,000 -------------- 12,040 -------------- ENERGY (3.0%) Anadarko Petroleum Corp. 25,700 1,975 Exxon Mobil Corp. 91,100 5,768 -------------- 7,743 -------------- FINANCIALS (13.2%) Ambac Financial Group, Inc. 39,000 3,033 American Express Co. 83,700 4,533 American International Group, Inc. 20,000 1,336 Bank of New York Co., Inc. (The) 25,500 771 Chubb Corp. (The) 45,500 3,600 Citigroup, Inc. 31,500 1,503 Comerica, Inc. 31,000 1,769 Freddie Mac 44,200 2,740 Goldman Sachs Group, Inc. (The) 31,400 3,416 MGIC Investment Corp. 44,000 2,761 SLM Corp. 66,700 3,255 U.S. Bancorp 110,000 3,273 Wells Fargo & Co. 44,500 2,642 -------------- 34,632 -------------- HEALTH CARE (6.9%) Becton, Dickinson & Co. 39,500 2,365 Biomet, Inc. 52,400 2,212 Boston Scientific Corp. * 79,500 2,596 Johnson & Johnson 25,000 1,640 Medtronic, Inc. 28,600 1,491 St. Jude Medical, Inc. * 81,400 3,183 Stryker Corp. 65,000 3,228 Zimmer Holdings, Inc. * 15,700 1,349 --------------
18,064 -------------- INDUSTRIALS (8.8%) Boeing Co. (The) 56,200 3,090 Danaher Corp. 45,200 2,448 Deere & Co. 35,000 2,489 Emerson Electric Co. 41,500 2,752 General Electric Co. 83,200 2,929 Illinois Tool Works, Inc. 15,100 1,355 L-3 Communications Holdings, Inc. 32,200 2,322 Northrop Grumman Corp. 50,800 2,687 Raytheon Co. 79,500 3,040 -------------- 23,112 -------------- INFORMATION TECHNOLOGY (13.0%) Amdocs Ltd. * 56,000 1,644 Automatic Data Processing, Inc. 53,500 2,298 Avaya, Inc. * 129,200 1,809 CDW Corp. 24,300 1,397 Cisco Systems, Inc. * 86,000 1,498 Computer Associates International, Inc. 34 1 Computer Sciences Corp. * 21,100 975 EMC Corp. * 149,000 1,886 Hewlett-Packard Co. 79,300 1,649 Maxim Integrated Products, Inc. 36,000 1,549 Microsoft Corp. 135,400 3,409 NCR Corp. * 96,000 3,744 Nokia Corp. ADR 138,500 2,235 Oracle Corp. * 162,000 2,091 Scientific-Atlanta, Inc. 64,700 1,999 Texas Instruments, Inc. 148,600 3,934 VeriSign, Inc. * 71,200 1,952 -------------- 34,070 -------------- MATERIALS (0.7%) Air Products & Chemicals, Inc. 29,900 1,872 -------------- TOTAL COMMON STOCKS (COST $139,706) 155,759 -------------- CORPORATE BONDS (12.8%) AIRLINES (0.3%) Southwest Airlines Co., 5.125%, 03/01/17 $ 735 707 -------------- AUTO MANUFACTURERS (0.9%) American Honda Finance Corp., 3.850%, 11/06/08, (g) 350 344 Daimler Chrysler NA Holdings, 8.500%, 01/18/31 395 503 Ford Motor Co., 7.450%, 07/16/31 1,480 1,428 -------------- 2,275 -------------- BANKS (0.7%) Bank of America Corp., 7.400%, 01/15/11 795 909 Bank One Corp., 7.625%, 08/01/05 380 387 HSBC Holdings PLC, 7.625%, 05/17/32, (g) 400 504 Wells Fargo & Co., 4.800%, 07/29/05 135 136 -------------- 1,936 -------------- BEVERAGES (0.1%) Miller Brewing Co., 4.250%, 08/15/08, (g) 350 349 --------------
BUILDING MATERIALS (0.2%) American Standard Cos., Inc., 7.625%, 02/15/10 360 406 -------------- COMPUTERS (0.1%) NCR Corp., 7.125%, 06/15/09 130 141 -------------- DIVERSIFIED FINANCIAL SERVICES (3.0%) CIT Group, Inc., 5.750%, 09/25/07 305 316 CIT Group, Inc., 5.500%, 11/30/07 225 232 CIT Group, Inc., 5.125%, 09/30/14 190 190 Citigroup, Inc., 5.125%, 05/05/14 445 453 Citigroup, Inc., 5.875%, 02/22/33 410 424 Fund American Cos., Inc., 5.875%, 05/15/13 850 863 General Motors Acceptance Corp., 8.000%, 11/01/31 655 657 Goldman Sachs Group, Inc. (The), 3.875%, 01/15/09 350 345 Goldman Sachs Group, Inc. (The), 4.750%, 07/15/13 380 374 International Lease Finance Corp., 4.750%, 07/01/09 690 694 J.P. Morgan Chase & Co., 6.625%, 03/15/12 1,055 1,167 John Deere Capital Corp., 3.900%, 01/15/08 205 203 MBNA Corp., 6.125%, 03/01/13 510 544 MBNA Corp., Ser B, 7.500%, 03/15/12 240 274 Merrill Lynch & Co., Inc., 3.700%, 04/21/08 160 158 Merrill Lynch & Co., Inc., Ser C, 5.000%, 01/15/15 430 425 Morgan Stanley, 5.300%, 03/01/13 850 872 -------------- 8,191 -------------- ELECTRIC (0.9%) Calenergy Co., Inc., 7.520%, 09/15/08 265 290 Carolina Power & Light Co., 6.500%, 07/15/12 135 149 Cincinnati Gas & Electric Co., 5.700%, 09/15/12 175 184 Dominion Resources, Inc., Ser E, 6.750%, 12/15/32 230 257 Entergy Gulf States, Inc., 4.875%, 11/01/11, Callable 11/01/06 @ 100 340 335 Florida Power & Light Co., 6.875%, 12/01/05 80 82 Oncor Electric Delivery, 7.000%, 05/01/32 205 242 Pacific Gas & Electric Co., 6.050%, 03/01/34 665 700 -------------- 2,239 -------------- ENTERTAINMENT (0.2%) GTECH Holdings Corp., 4.750%, 10/15/10 270 268 Harrah's Operating Co., Inc., 5.375%, 12/15/13 255 257 -------------- 525 -------------- FOREST & PAPER PRODUCTS (0.3%)
International Paper Co., 5.500%, 01/15/14 330 341 Weyerhaeuser Co., 6.750%, 03/15/12 265 297 Weyerhaeuser Co., 7.375%, 03/15/32 175 211 -------------- 849 -------------- HEALTH CARE (0.1%) WellPoint Health Network, Inc., 6.375%, 06/15/06 265 273 -------------- HOME BUILDERS (0.2%) Lennar Corp., 5.950%, 03/01/13 205 215 Pulte Homes, Inc., 4.875%, 07/15/09 320 321 -------------- 536 -------------- INSURANCE (0.8%) Berkshire Hathaway Finance Corp., 3.375%, 10/15/08 775 756 MetLife, Inc., 5.250%, 12/01/06 235 240 Monumental Global Funding, 5.200%, 01/30/07, (g) 585 598 Prudential Financial, Inc., 3.750%, 05/01/08 210 207 Prudential Financial, Inc., Ser B, 5.100%, 09/20/14 330 330 -------------- 2,131 -------------- INVESTMENT COMPANIES (0.2%) Credit Suisse First Boston USA, Inc., 6.500%, 01/15/12 400 441 -------------- LEISURE TIME (0.1%) Harley-Davidson, Inc., 3.625%, 12/15/08, (g) 265 260 -------------- LODGING (0.0%) Marriot International, Inc., Ser C, 7.875%, 09/15/09 90 102 -------------- MEDIA (1.1%) Comcast Cable Communications, Inc., 7.125%, 06/15/13 730 833 Comcast Corp, 7.050%, 03/15/33 100 116 Cox Communuications, Inc., 4.625%, 06/01/13 380 363 News America Holdings, Inc., 9.250%, 02/01/13 350 446 News America, Inc., 6.200%, 12/15/34, (g) 210 217 Time Warner, Inc., 7.625%, 04/15/31 635 774 Univision Communications, Inc., 7.850%, 07/15/11 235 274 -------------- 3,023 -------------- MINING (0.5%) Barrick Gold Finance, Inc., 7.500%, 05/01/07 145 155 Codelco, Inc., 5.500%, 10/15/13, (g) 470 483 Inco Ltd., 7.750%, 05/15/12 670 786 -------------- 1,424 -------------- MISCELLANEOUS MANUFACTURER (0.6%) General Electric Co., 5.000%, 02/01/13 1,660 1,685 -------------- OIL & GAS (0.5%)
Devon Financing Corp. ULC, 7.875%, 09/30/31 245 314 Enterprise Products Operating L.P., Ser B, 6.875%, 03/01/33 310 344 Motiva Enterprises LLC, 5.200%, 09/15/12, (g) 200 204 Pennzoil Co., 10.250%, 11/01/05 60 62 XTO Energy, Inc., 6.250%, 04/15/13 410 447 -------------- 1,371 -------------- PACKAGING & CONTAINERS (0.1%) Packaging Corp. of America, 5.750%, 08/01/13 265 270 -------------- PIPELINES (0.5%) CenterPoint Energy Resources Corp., Ser B, 7.875%, 04/01/13 495 585 K N Capital Trust III, 7.630%, 04/15/28 375 433 K N Energy, Inc., 7.250%, 03/01/28 175 203 -------------- 1,221 -------------- PRINTING & PUBLISHING (0.2%) R.R. Donnelly & Sons Co., 3.750%, 04/01/09 410 399 -------------- REITS (0.1%) Simon Property Group LP, 6.375%, 11/15/07 155 163 -------------- RETAIL (0.1%) Federated Department Stores, Inc., 6.900%, 04/01/29 165 185 -------------- SAVINGS & LOAN (0.2%) Golden West Financial Corp., 4.125%, 08/15/07 470 471 -------------- TELECOMMUNICATIONS (0.6%) SBC Communications, Inc., 5.625%, 06/15/16 65 67 SBC Communications, Inc., 6.450%, 06/15/34 175 188 Sprint Capital Corp., 8.750%, 03/15/32 670 899 TELUS Corp., 8.000%, 06/01/11 320 374 -------------- 1,528 -------------- TRANSPORTATION (0.2%) FedEx Corp., 3.500%, 04/01/09 585 565 -------------- TOTAL CORPORATE BONDS (COST $33,005) 33,666 -------------- U.S. GOVERNMENT AGENCIES (0.7%) GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (0.7%) 8.500%, 04/15/31 416 454 8.000%, 08/15/31 549 594 8.000%, 09/15/31 627 680 -------------- TOTAL U.S. GOVERNMENT AGENCIES (COST $1,673) 1,728 -------------- U.S. TREASURY OBLIGATIONS (24.8%) U.S. TREASURY BONDS (1.4%) 5.375%, 02/15/31 (e) 3,380 3,716 -------------- U.S. TREASURY INFLATION PROTECTED NOTES/BONDS (4.4%)
1.875%, 07/15/13 7,300 7,742 3.875%, 04/15/29 2,425 3,848 -------------- 11,590 -------------- U.S. TREASURY NOTES (19.0%) 1.625%, 04/30/05 2,585 2,580 3.500%, 11/15/06 11,955 11,951 3.375%, 02/28/07 4,130 4,113 3.125%, 05/15/07 (e) 11,610 11,485 3.125%, 04/15/09 (e) 1,380 1,339 6.000%, 08/15/09 10,070 10,907 3.500%, 02/15/10 3,835 3,750 4.875%, 02/15/12 400 417 3.875%, 02/15/13 2,545 2,479 4.000%, 02/15/15 775 753 -------------- 49,774 -------------- TOTAL U.S. TREASURY OBLIGATIONS (COST $64,891) 65,080 -------------- YANKEE BONDS (0.8%) MEDIA (0.2%) British Sky Broadcasting Group, 6.875%, 02/23/09 440 476 -------------- SOVEREIGN (0.3%) United Mexican States, 8.300%, 08/15/31 785 946 -------------- TELECOMMUNICATIONS (0.3%) Deutsche Telekom International Finance, 9.250%, 06/01/32 235 342 Verizon Global Funding Corp., 7.750%, 12/01/30 275 343 -------------- 685 -------------- TOTAL YANKEE BONDS (COST $1,958) 2,107 -------------- WARRANTS (0.0%) Lucent Technologies, Inc. 1,199 1 -------------- TOTAL WARRANTS (COST $0) 1 -------------- SHORT-TERM INVESTMENTS (5.7%) Boston Global Investment Trust - Enhanced Portfolio (m) 15,077,500 15,078 -------------- TOTAL SHORT-TERM INVESTMENTS (COST $15,078) 15,078 -------------- REPURCHASE AGREEMENTS (2.7%) Deutsche Bank AG, 2.535% dated 02/28/05, to be repurchased on 03/01/05, repurchase price $7,062,384 (collaterlized by U.S. Treasury Bond Obligations 8.750%, 08/15/20; total market value $7,204,533) $ 7,062 7,062 -------------- TOTAL REPURCHASE AGREEMENTS (COST $7,062) 7,062 -------------- TOTAL INVESTMENTS (COST $263,373) (a) - 106.9% 280,481 LIABILITIES IN EXCESS OF OTHER ASSETS - (6.9)% (18,144) --------------
NET ASSETS - 100.0% $ 262,337 ==============
------------ SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS CAPITAL APPRECIATION FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE ------------ -------------- COMMON STOCKS (97.5%) CONSUMER DISCRETIONARY (16.1%) Harley-Davidson, Inc. 614,000 $ 37,994 Home Depot, Inc. (The) 867,000 34,697 J. C. Penney Co., Inc. 552,500 24,581 Kohl's Corp. * 360,000 17,233 Lowe's Cos., Inc. 314,000 18,457 NIKE, Inc., Class B 441,400 38,380 Omnicom Group, Inc. 147,251 13,410 Staples, Inc. 785,000 24,743 Time Warner, Inc. * 2,000,000 34,460 Walt Disney Co. (The) 1,290,000 36,043 -------------- 279,998 -------------- CONSUMER STAPLES (5.9%) Clorox Co. (The) 463,100 27,805 Sara Lee Corp. 542,000 12,141 Wal-Mart Stores, Inc. 415,000 21,418 Walgreen Co. 969,500 41,523 -------------- 102,887 -------------- ENERGY (4.9%) Anadarko Petroleum Corp. 284,000 21,828 Exxon Mobil Corp. 990,000 62,677 -------------- 84,505 -------------- FINANCIALS (21.2%) Ambac Financial Group, Inc. 342,000 26,601 American Express Co. 916,000 49,601 American International Group, Inc. 218,000 14,562 Bank of New York Co., Inc. (The) 252,000 7,623 Chubb Corp. (The) 503,500 39,832 Citigroup, Inc. 481,000 22,953 Comerica, Inc. 362,000 20,663 Freddie Mac 470,000 29,140 Goldman Sachs Group, Inc. (The) 344,500 37,482 MGIC Investment Corp. (e) 500,000 31,370 SLM Corp. 677,000 33,038 U.S. Bancorp 1,231,600 36,640 Wells Fargo & Co. 324,000 19,239 -------------- 368,744 -------------- HEALTH CARE (10.9%) Becton, Dickinson & Co. 288,239 17,257 Biomet, Inc. 567,000 23,939 Boston Scientific Corp. * 866,900 28,313 Johnson & Johnson 287,600 18,867 Medtronic, Inc. 314,500 16,392 St. Jude Medical, Inc. * 881,400 34,463 Stryker Corp. (e) 709,000 35,208 Zimmer Holdings, Inc. * 176,500 15,161 -------------- 189,600 --------------
INDUSTRIALS (15.1%) Boeing Co. (The) 736,400 40,481 Danaher Corp. 496,000 26,868 Deere & Co. 375,000 26,666 Emerson Electric Co. 444,800 29,499 General Electric Co. 1,003,300 35,316 Illinois Tool Works, Inc. 164,500 14,764 L-3 Communications Holdings, Inc. 352,000 25,379 Northrop Grumman Corp. 581,500 30,761 Raytheon Co. 870,000 33,269 -------------- 263,003 -------------- INFORMATION TECHNOLOGY (22.6%) Amdocs Ltd. * 820,000 24,067 Automatic Data Processing, Inc. 606,200 26,042 Avaya, Inc. * 1,800,000 25,200 CDW Corp. 263,500 15,143 Cisco Systems, Inc. * 944,000 16,444 Computer Associates International, Inc. 290 8 Computer Sciences Corp. * 264,300 12,219 EMC Corp. * 2,720,000 34,435 Hewlett-Packard Co. 800,000 16,640 Maxim Integrated Products, Inc. 400,000 17,208 Microsoft Corp. 1,383,000 34,824 NCR Corp. * 1,000,000 38,991 Nokia Corp. ADR 1,600,000 25,824 Oracle Corp. * 2,014,000 26,001 Scientific-Atlanta, Inc. 680,000 21,012 Texas Instruments, Inc. 1,125,000 29,779 VeriSign, Inc. * (e) 992,400 27,212 -------------- 391,049 -------------- MATERIALS (0.8%) Air Products and Chemicals, Inc. 218,500 13,682 -------------- TOTAL COMMON STOCKS (COST $1,528,874) 1,693,468 -------------- WARRANTS (0.0%) Lucent Technologies, Inc. 12,166 11 -------------- TOTAL WARRANTS (COST $0) 11 -------------- SHORT-TERM INVESTMENTS (1.5%) Boston Global Investment Trust - Enhanced Portfolio (m) 25,922,775 25,923 -------------- TOTAL SHORT-TERM INVESTMENTS (COST $25,923) 25,923 -------------- REPURCHASE AGREEMENTS (5.0%) Bear Stearns & Co., Inc., 2.565% , dated 02/28/05, to be repurchased on 03/01/05, repurchase price $2,776,338 (collateralized by FMNA Obligations Disc., 01/15/35; total market value $2,832,898) $ 2,776 2,776 Salomon Smith Barney, 2.555% , dated 02/28/05, to be repurchased on 03/01/05, repurchase price $84,491,216 (collateralized by FMNA Obligations 3.500%-5.500%, 06/01/10-04/01/23; total market value $86,193,333) 84,485 84,485 --------------
TOTAL REPURCHASE AGREEMENTS (COST $87,261) 87,261 -------------- TOTAL INVESTMENTS (COST $1,642,058) (a) - 104.0% 1,806,663 LIABILITIES IN EXCESS OF OTHER ASSETS - (4.0)% (69,494) -------------- NET ASSETS - 100.0% $ 1,737,169 ==============
------------ SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS EMERGING GROWTH STOCK FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE ------------ -------------- COMMON STOCKS (99.2%) CONSUMER DISCRETIONARY (14.1%) Blue Nile, Inc. * 17,600 $ 495 Coach, Inc. * 8,000 444 Dick's Sporting Goods, Inc. * 11,600 416 Getty Images, Inc. * 3,900 278 Overstock.com, Inc. * 5,600 301 Starbucks Corp. * 8,000 414 Urban Outfitters, Inc. * 11,600 482 -------------- 2,830 -------------- CONSUMER STAPLES (3.3%) Whole Foods Market, Inc. 6,500 668 -------------- FINANCIALS (13.7%) Affiliated Managers Group, Inc. * 12,200 790 BlackRock, Inc., Class A 10,600 823 Calamos Asset Management, Inc., Class A 11,000 312 Investors Financial Services Corp. 16,700 837 -------------- 2,762 -------------- HEALTH CARE (20.1%) Biosite, Inc. * 6,600 382 Cephalon, Inc. * 11,600 569 Kyphon, Inc. * 12,800 315 Martek Biosciences Corp. * 8,300 556 Medicis Pharmaceutical Corp., Class A 19,000 656 Neurocrine Biosciences, Inc. * 6,400 256 Psychiatric Solutions, Inc. * 5,500 219 SurModics, Inc. * 3,300 106 Varian Medical Systems, Inc. * 7,800 280 Wright Medical Group, Inc. * 27,700 707 -------------- 4,046 -------------- INDUSTRIALS (8.9%) AirTran Holdings, Inc. * 48,400 386 Corporate Executive Board Co. (The) 9,100 569 Monster Worldwide, Inc. * 7,200 208 Portfolio Recovery Associates, Inc. * 14,600 551 TurboChef Technologies, Inc. * 4,900 81 -------------- 1,795 -------------- INFORMATION TECHNOLOGY (34.5%) Adobe Systems, Inc. 7,000 432 Apple Computer, Inc. * 23,000 1,031 aQuantive, Inc. * 41,800 442 Broadcom Corp., Class A * 9,500 306 CNET Networks, Inc. * 51,000 462 Cogent, Inc. * 6,000 146 Cognizant Technology Solutions Corp., Class A * 19,100 902
Euronet Worldwide, Inc. * 20,900 542 JAMDAT Mobile, Inc. * 14,600 248 Juniper Networks, Inc. * 22,700 489 NAVTEQ Corp. * 6,200 271 Paychex, Inc. 9,900 316 SRA International, Inc., Class A * 7,900 481 VeriSign, Inc. * 11,400 313 ViaSat, Inc. * 18,900 376 Volterra Semiconductor Corp. * 13,900 204 -------------- 6,961 -------------- TELECOMMUNICATION SERVICES (4.6%) Crown Castle International Corp. * 29,600 484 Nextel Partners, Inc., Class A * 21,800 434 -------------- 918 -------------- TOTAL COMMON STOCKS (COST $17,893) 19,980 -------------- REPURCHASE AGREEMENTS (0.3%) Merrill Lynch & Co., Inc., 2.535% , dated 02/28/05, to be repurchased on 03/01/05, repurchase price $54,750 (collateralized by U.S. Government Obligations, 5.50% due 02/01/35; total market value $55,902) $ 55 55 -------------- TOTAL REPURCHASE AGREEMENTS (COST $55) 55 -------------- TOTAL INVESTMENTS (COST $17,948) (a) - 99.5% 20,035 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.5% 107 -------------- NET ASSETS - 100.0% $ 20,142 ==============
------------ SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS GROWTH AND INCOME FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE ------------ -------------- COMMON STOCKS (98.7%) CONSUMER DISCRETIONARY (9.6%) Advance Auto Parts, Inc. * 350,000 $ 17,633 Gannett Co., Inc. 100,000 7,875 Jones Apparel Group, Inc. 100,000 3,177 Kohl's Corp. * 250,000 11,968 Lowe's Cos., Inc. 50,000 2,939 May Department Stores Co. (The) 350,000 12,079 Target Corp. 250,000 12,705 Viacom, Inc., Class B 600,000 20,939 Walt Disney Co. (The) 350,000 9,779 -------------- 99,094 -------------- CONSUMER STAPLES (11.5%) Archer-Daniels-Midland Co. 900,000 21,689 Clorox Co. (The) 250,000 15,010 Diageo PLC ADR 300,000 17,181 Kimberly-Clark Corp. 150,000 9,897 PepsiCo, Inc. 200,000 10,772 Sara Lee Corp. 750,000 16,800 SYSCO Corp. 50,000 1,721 Wal-Mart Stores, Inc. 350,000 18,064 Wm. Wrigley Jr. Co. 125,000 8,320 -------------- 119,454 -------------- ENERGY (11.2%) Anadarko Petroleum Corp. 150,000 11,529 Burlington Resources, Inc. 200,000 9,926 ChevronTexaco Corp. 250,000 15,520 ConocoPhillips 125,000 13,861 Exxon Mobil Corp. 400,000 25,324 Kerr-McGee Corp. 300,000 23,298 Royal Dutch Petroleum Co. ADR 250,000 15,773 -------------- 115,231 -------------- FINANCIALS (23.7%) American International Group, Inc. 125,000 8,350 Bank of America Corp. 500,000 23,324 Berkshire Hathaway, Inc., Class B * (e) 6,500 19,598 Cincinnati Financial Corp. 325,000 14,537 Citigroup, Inc. 500,000 23,859 Fannie Mae 70,000 4,092 Fifth Third Bancorp 150,000 6,716 Genworth Financial, Inc., Class A 600,000 16,896 Goldman Sachs Group, Inc. (The) 100,000 10,880 Jefferson-Pilot Corp. 50,000 2,448 MBNA Corp. 500,000 12,685 MGIC Investment Corp. 100,000 6,274 Morgan Stanley 175,000 9,882 New York Community Bancorp, Inc. 500,000 9,180
Principal Financial Group, Inc. 425,000 16,584 Prudential Financial, Inc. 300,000 17,100 State Street Corp. 250,000 10,963 U.S. Bancorp 600,000 17,850 Wells Fargo & Co. 250,000 14,845 -------------- 246,063 -------------- HEALTH CARE (8.8%) Abbott Laboratories 275,000 12,647 Bristol-Myers Squibb Co. 700,000 17,521 Express Scripts, Inc. * 100,000 7,529 Johnson & Johnson 125,000 8,200 Medtronic, Inc. 50,000 2,606 Pfizer, Inc. 800,000 21,032 WellPoint, Inc. * 175,000 21,361 -------------- 90,896 -------------- INDUSTRIALS (11.6%) Cendant Corp. 700,000 15,484 Cooper Industries Ltd., Class A 200,000 13,874 Emerson Electric Co. 125,000 8,290 General Electric Co. 600,000 21,120 Honeywell International, Inc. 400,000 15,188 Illinois Tool Works, Inc. 75,000 6,731 Norfolk Southern Corp. 275,000 9,870 Rockwell Automation, Inc. 190,000 11,809 Textron, Inc. 175,000 13,536 United Technologies Corp. 35,000 3,496 -------------- 119,398 -------------- INFORMATION TECHNOLOGY (10.9%) Agilent Technologies, Inc. * 700,000 16,800 Cisco Systems, Inc. * 700,000 12,194 Computer Associates International, Inc. 2,333 63 First Data Corp. 300,000 12,306 Intel Corp. 275,000 6,595 International Business Machines Corp. 125,000 11,573 Microsoft Corp. 550,000 13,849 Nokia Corp. ADR (e) 1,100,000 17,753 SunGard Data Systems, Inc. * 400,000 10,444 Texas Instruments, Inc. 400,000 10,588 -------------- 112,165 -------------- MATERIALS (3.6%) E.I. du Pont de Nemours & Co. 225,000 11,993 Praxair, Inc. 250,000 11,208 Sigma-Aldrich Corp. (e) 225,000 13,861 -------------- 37,062 -------------- TELECOMMUNICATION SERVICES (2.7%) ALLTEL Corp. 50,000 2,860 Verizon Communications, Inc. 325,000 11,690 Vodafone Group PLC ADR 500,000 13,145 -------------- 27,695 -------------- UTILITIES (5.1%) American Electric Power Co., Inc. 400,000 13,360 Edison International 400,000 12,992 Exelon Corp. 300,000 13,608 Questar Corp. 125,000 6,628 SCANA Corp. 150,000 5,706 -------------- 52,294 -------------- TOTAL COMMON STOCKS (COST $788,378) 1,019,352 --------------
EXCHANGE TRADED FUNDS (0.8%) HEALTH CARE (0.8%) Pharmaceutical HOLDRs Trust 110,000 7,902 -------------- TOTAL EXCHANGE TRADED FUNDS (COST $7,833) 7,902 -------------- SHORT-TERM INVESTMENTS (1.1%) Boston Global Investment Trust - Enhanced Portfolio (m) 11,415,615 11,416 -------------- TOTAL SHORT-TERM INVESTMENTS (COST $11,416) 11,416 -------------- MONEY MARKET FUNDS (0.9%) Federated Prime Value Obligations Fund, Class I 8,913,978 8,914 -------------- TOTAL MONEY MARKET FUNDS (COST $8,914) 8,914 -------------- TOTAL INVESTMENTS (COST $816,541) (a) - 101.5% 1,047,584 LIABILITIES IN EXCESS OF OTHER ASSETS - (1.5)% (15,452) -------------- NET ASSETS - 100.0% $ 1,032,132 ==============
------------ SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS INTERNATIONAL EQUITY FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE ------------ -------------- FOREIGN COMMON STOCKS (97.4%) AUSTRALIA (4.6%) Australia & New Zealand Banking 175,947 $ 2,968 Group Ltd. BlueScope Steel Ltd. 362,068 2,770 Orica Ltd. 144,979 2,230 Pacific Brands Ltd. (e) 635,987 1,311 Publishing & Broadcasting Ltd. (e) 171,650 2,106 Qantas Airways Ltd. (e) 901,289 2,585 QBE Insurance Group Ltd. (e) 197,400 2,385 Rio Tinto Group Ltd. 56,700 2,121 West Australian Newspapers Holdings Ltd. (e) 171,490 1,113 Westpac Banking Corp. (e) 180,382 2,721 -------------- 22,310 -------------- BELGIUM (1.0%) Delhaize Group 35,002 2,757 Fortis 66,538 1,869 -------------- 4,626 -------------- DENMARK (1.2%) Danske Bank A/S 89,855 2,758 TDC A/S 70,400 3,159 -------------- 5,917 -------------- FINLAND (1.4%) Fortum Corp. 137,500 2,636 Nokia Corp. 210,546 3,400 Tietoenator Oyj 22,775 826 -------------- 6,862 -------------- FRANCE (9.7%) Alcatel * 112,509 1,463 AXA 152,540 4,097 BNP Paribas 70,792 5,132 Bouygues SA 33,100 1,433 Compagnie de Saint-Gobain 29,552 1,826 France Telecom SA 88,335 2,664 Lafarge SA * 31,864 3,316 Metropole Television SA 33,000 946 Pernod Ricard 11,444 1,636 PSA Peugeot Citroen SA 22,591 1,478 Sanofi-Aventis 42,572 3,395 Schneider Electric SA * 21,521 1,715 Societe Generale 38,880 4,101 SUEZ SA 66,556 1,800 TOTAL SA 28,447 6,764 VINCI 21,831 3,207 Vivendi Universal SA * 68,651 2,165 -------------- 47,138 -------------- GERMANY (8.1%)
Adidas-Salomon AG 19,300 2,897 Allianz AG 25,946 3,269 BASF AG 44,742 3,343 Bayer AG 26,114 914 Continental AG 30,000 2,223 DaimlerChrysler AG 39,500 1,822 Deutsche Bank AG 12,118 1,065 Deutsche Telekom AG * 205,287 4,287 E.ON AG 52,950 4,763 Lanxess AG * 2,501 57 MAN Aktiengesellschaft AG 17,700 818 METRO AG 47,228 2,651 PUMA AG Rudolf Dassler Sport 4,875 1,146 SAP AG 12,099 1,962 Schering AG 48,062 3,508 Siemens AG 58,210 4,551 -------------- 39,276 -------------- HONG KONG (2.1%) Bank of East Asia Ltd. 354,327 1,077 BOC Hong Kong (Holdings) Ltd. 454,000 863 Cheung Kong (Holdings) Ltd. 249,000 2,360 CNOOC Ltd. 2,372,000 1,364 Esprit Holdings Ltd. 193,000 1,371 Hutchison Whampoa Ltd. 198,700 1,789 Orient Overseas (International) Ltd. 318,000 1,365 -------------- 10,189 -------------- IRELAND (0.9%) Anglo Irish Bank Corp. PLC 27,259 719 CRH PLC 76,315 2,139 Irish Life & Permanent PLC 71,650 1,457 -------------- 4,315 -------------- ITALY (3.1%) Banca Intesa SpA 575,893 2,816 Eni SpA 197,273 5,154 Mediaset SpA 232,271 3,267 Telecom Italia SpA 601,450 2,333 UniCredito Italiano SpA 231,668 1,350 -------------- 14,920 -------------- JAPAN (20.4%) Aiful Corp. 13,600 1,561 Aioi Insurance Co. Ltd. 185,000 918 Aisin Seiki Co. Ltd. (e) 62,600 1,410 Asahi Breweries Ltd. 135,100 1,756 Asahi Glass Co. Ltd. 97,000 1,067 Bridgestone Corp. 61,000 1,164 Canon, Inc. 58,300 3,084 Citizen Watch Co. Ltd. (e) 110,800 1,021 Daiichi Pharmaceutical Co. Ltd. (e) 98,600 2,544 Daiwa Securities Group, Inc. 134,000 913 DENSO Corp. 51,200 1,312 East Japan Railway Co. 401 2,135 Hitachi Chemical Co. Ltd. 45,900 795 Hitachi Ltd. 117,000 740 Honda Motor Co. Ltd. 34,800 1,868 Ibiden Co. Ltd. (e) 50,900 1,004 Japan Tobacco, Inc. 191 2,077 JFE Holdings, Inc. 43,400 1,336 Joyo Bank Ltd. (The) 281,000 1,511 Kaneka Corp. 81,000 920 Kansai Electric Power Co., Inc. (The) (e) 65,000 1,297
Komatsu Ltd. 197,000 1,480 Kubota Corp. (e) 247,000 1,358 Kuraray Co. Ltd. 108,500 988 Kyocera Corp. 14,700 1,096 Kyushu Electric Power Co., Inc. 58,200 1,261 Marubeni Corp. 339,000 1,085 Matsushita Electric Industrial Co. Ltd. 106,000 1,585 Matsushita Electric Works Ltd. 154,000 1,390 Mitsubishi Corp. 118,600 1,610 Mitsubishi Electric Corp. 235,000 1,231 Mitsubishi Estate Co. Ltd. 85,000 1,033 Mitsubishi Tokyo Financial Group, Inc. 219 2,006 Mitsui & Co. Ltd. 128,000 1,306 Mitsui Fudosan Co. Ltd. 122,000 1,514 Mitsui O.S.K. Lines Ltd. 318,000 2,180 Mitsui Trust Holdings, Inc. 126,000 1,334 Mizuho Financial Group, Inc. 443 2,153 Nippon Oil Corp. 254,000 1,890 Nippon Steel Corp. 404,000 1,112 Nippon Telegraph & Telephone Corp. 265 1,151 Nippon Yusen KK 289,000 1,731 NTT DoCoMo, Inc. 729 1,238 Obic Co. Ltd. 2,200 412 OMRON Corp. 61,800 1,430 ORIX Corp. 13,700 1,776 Resona Holdings, Inc. * 486,000 990 Sankyo Co. Ltd. 35,400 1,969 Sankyo Co. Ltd. (Gunma) 109,500 2,478 Seiko Epson Corp. (e) 37,800 1,487 Sekisui Chemical Co. Ltd. 200,000 1,484 Sompo Japan Insurance, Inc. 73,000 776 Sony Corp. 48,600 1,842 Sumitomo Chemical Co. Ltd. 229,000 1,223 Sumitomo Metal Industries Ltd. 684,000 1,168 Sumitomo Metal Mining Co. Ltd. 177,000 1,344 Sumitomo Trust & Banking Co. Ltd.(The) 270,000 1,857 Takeda Pharmaceutical Co. Ltd. 44,700 2,144 Terumo Corp. 51,400 1,610 Toho Gas Co. Ltd. 250,000 908 Tokyo Electric Power Co., Inc. (The) 106,100 2,598 Toray Industries, Inc. 319,000 1,505 Toyota Motor Corp. 150,000 5,823 West Japan Railway Co. 350 1,377 Yamada Denki Co. Ltd. (e) 17,000 844 -------------- 99,210 -------------- NETHERLANDS (4.5%) ABN AMRO Holding NV 150,371 4,136 Akzo Nobel NV 59,480 2,680 ING Groep NV 147,945 4,544 Royal Dutch Petroleum Co. 47,115 2,971 Royal KPN NV 347,915 3,358 Royal Philips Electronics NV 148,719 4,121 -------------- 21,810 -------------- NEW ZEALAND (0.6%) Fletcher Building Ltd. 615,523 3,155 -------------- NORWAY (1.4%) Orkla ASA 78,400 2,853 Statoil ASA 106,300 1,925
Telenor ASA * 211,011 1,943 -------------- 6,721 -------------- SINGAPORE (0.4%) Oversea-Chinese Banking Corp. Ltd. 182,000 1,525 Singapore Telecommunications Ltd. 384,650 621 -------------- 2,146 -------------- SPAIN (3.6%) Altadis SA 20,474 860 Banco Santander Central Hispano SA 285,143 3,522 Endesa SA 74,017 1,673 Gestevision Telecinco SA 9,645 212 Repsol YPF SA 164,995 4,495 Sociedad General de Aguas de Barcelona SA, Class A 56,729 1,212 Telefonica SA 254,823 4,686 Union Fenosa SA 32,320 928 -------------- 17,588 -------------- SWEDEN (3.2%) Autoliv, Inc. 23,297 1,164 Nordea Bank AB 342,800 3,605 Sandvik AB 45,465 1,978 Svenska Handelsbanken AB, Class A 97,800 2,387 Telefonaktiebolaget LM Ericsson * 1,402,248 4,119 Volvo AB, Class B * 46,700 2,146 -------------- 15,399 -------------- SWITZERLAND (5.9%) Credit Suisse Group 97,045 4,225 Nestle SA 16,319 4,531 Novartis AG 160,579 8,034 Roche Holding Ltd. 24,733 2,606 UBS AG 67,787 5,885 Zurich Financial Services 18,890 3,477 -------------- 28,758 -------------- UNITED KINGDOM (25.3%) "Shell" Transport & Trading Co. PLC (The) 587,294 5,518 Alliance UniChem PLC 178,913 2,498 Anglo Irish Bank Corp. PLC 86,615 2,279 AstraZeneca PLC 90,700 3,589 Aviva PLC 348,375 4,330 AWG PLC 89,400 1,409 Balfour Beatty PLC 365,383 2,251 Barclays PLC 566,758 6,168 BHP Billiton PLC 370,300 5,527 BP PLC 1,227,120 13,255 BPB PLC 308,600 2,992 British American Tobacco PLC 131,190 2,409 BT Group PLC 772,868 3,094 Burberry Group PLC 200,552 1,520 Corus Group PLC * 1,586,400 1,808 CRH PLC 1,330 37 Dixons Group PLC 493,774 1,522 George Wimpey PLC 300,713 2,711 GlaxoSmithKline PLC 363,724 8,690 HBOS PLC 415,854 6,612 Hilton Group PLC 430,500 2,592 HMV Group PLC 300,100 1,545 HSBC Holdings PLC 630,493 10,515 Irish Life & Permanent PLC 3,200 65 Kesa Electricals PLC 352,906 2,211
mmO2 PLC * 999,558 2,325 Northern Rock PLC 98,942 1,493 Pilkington PLC 1,225,765 2,854 Royal Bank of Scotland Group PLC (The) 61,101 2,091 SABMiller PLC 174,400 2,880 Scottish Power PLC 266,100 2,100 Tesco PLC 767,411 4,499 Vodafone Group PLC 2,946,912 7,703 Whitbread Group PLC 149,773 2,597 -------------- 123,689 -------------- TOTAL FOREIGN COMMON STOCKS (COST $364,383) 474,029 -------------- SHORT-TERM INVESTMENTS (4.7%) Boston Global Investment Trust - 13,149,989 13,150 Enhanced Portfolio (m) Brown Brothers Harriman & Co., Cayman Islands Cash Sweep 9,773,168 9,773 -------------- TOTAL SHORT-TERM INVESTMENTS (COST $22,923) 22,923 -------------- TOTAL INVESTMENTS (COST $387,306) (a) - 102.1% 496,952 LIABILITIES IN EXCESS OF OTHER ASSETS - (2.1)% (10,326) -------------- NET ASSETS - 100.0% $ 486,626 ==============
------------ SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS INTERNATIONAL EQUITY INDEX FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE ---------- ----------- COMMON STOCK (0.0%) UNITED STATES (0.0%) Ship Finance International 2,333 $ 52 ----------- TOTAL COMMON STOCK (COST $20) 52 ----------- EXCHANGE TRADED FUNDS (2.7%) iShares MSCI EAFE Index Fund 63,116 10,298 iShares MSCI Germany Index Fund (g) 54,889 1,017 iShares MSCI Italy Index Fund (g) 21,551 557 iShares MSCI Japan Index Fund 157,225 1,700 ----------- TOTAL EXCHANGE TRADED FUNDS (COST $13,161) 13,572 ----------- FOREIGN COMMON STOCKS (95.2%) AUSTRALIA (3.2%) Alumina Ltd. 45,437 216 Amcor Ltd. 36,522 208 AMP Ltd. 65,908 381 Australia & New Zealand Banking Group Ltd. 59,775 1,008 Australian Gas Light Co. 21,185 239 BHP Billiton Ltd. 121,774 1,863 BlueScope Steel Ltd. 34,172 261 Boral Ltd. 27,833 141 Brambles Industries Ltd. 40,195 252 Coca-Cola Amatil Ltd. (g) 24,727 160 Coles Myer Ltd. 42,927 325 Commonwealth Bank of Australia 41,168 1,178 CSL Ltd. 8,250 209 CSR Ltd. 67,952 130 Foster's Group Ltd. 78,106 322 General Property Trust 85,777 249 Insurance Australia Group Ltd. (g) 56,527 286 John Fairfax Holdings Ltd. 53,272 179 Lend Lease Corp. Ltd. 17,126 168 Macquarie Bank Ltd. 9,246 359 Macquarie Infrastructure Group 83,249 239 Mayne Group Ltd. 34,608 110 Mirvac Group Ltd. 59,294 212 National Australia Bank Ltd. 51,147 1,163 Newcrest Mining Ltd. 12,679 173 Orica Ltd. 12,298 189 Origin Energy Ltd. 36,291 199 QBE Insurance Group Ltd. 25,692 310 Rinker Group Ltd. 33,483 301 Rio Tinto Group Ltd. 10,872 407 Santos Ltd. 34,230 244 Southcorp Ltd. 37,600 130
Stockland Trust Group 51,384 234 Suncorp-Metway Ltd. 26,576 397 TABCORP Holdings Ltd. 21,511 295 Telstra Corp. Ltd. 70,085 292 Wesfarmers Ltd. 14,024 434 Westfield Group 50,500 673 Westpac Banking Corp. 56,011 844 WMC Resources Ltd. 44,147 260 Woodside Petroleum Ltd. 19,496 335 Woolworths Ltd. 35,823 441 ------ 16,016 ------ AUSTRIA (2.0%) Bank Austria AG 10,499 1,022 BOHLER-UDDEHOLM AG 2,779 419 Erste Bank der oesterreichischen Sparkassen AG (g) 33,532 1,829 Flughafen Wien AG 3,897 303 Immofinanz Immobilien Anlagen AG * (g) 39,210 369 Mayr Melnhof Karton AG 1,254 223 OMV AG 4,900 1,698 RHI AG * 6,005 187 Telekom Austria AG 80,175 1,592 VA Technologie AG * 3,525 294 Verbund AG 1,907 453 voestalpine AG (g) 7,793 649 Wienerberger AG 18,036 896 ------ 9,934 ------ BELGIUM (2.1%) Agfa-Gevaert NV 8,894 314 Barco NV 1,431 121 Belgacom SA * 13,713 576 Delhaize Group 6,061 477 Dexia Group 51,629 1,225 Electrabel SA 2,219 982 Fortis NV 97,079 2,731 Groep Colruyt 1,675 288 Groupe Bruxelles Lambert SA 6,093 563 InBev 14,561 556 KBC Bank & Insurance Holding Co. NV 8,693 729 Mobistar SA * 2,521 226 NV Bekaert SA 1,909 162 NV Umicore SA 2,848 291 Omega Pharma NV 2,117 107 SA D'Ieteren NV 503 114 Solvay SA 5,372 625 UCB SA 7,769 390 ------ 10,477 ------ DENMARK (1.4%) A.P. Moller-Maersk A/S 101 947 Carlsberg A/S (g) 3,300 171 Coloplast A/S, Class B 3,444 182 Danisco A/S 4,959 340 Danske Bank A/S 38,668 1,186 DSV A/S 2,500 198 East Asiatic Co. A/S 2,700 144 FLS Industries A/S * 4,200 81 GN Store Nord A/S 22,100 239 H. Lundbeck A/S (g) 7,100 158 ISS A/S 4,978 312
Novo Nordisk A/S, Class B 23,487 1,304 Novozymes A/S, Class B 5,670 280 TDC A/S 17,200 772 Topdanmark A/S * 2,300 166 Vestas Wind Systems A/S * 16,238 217 William Demant Holding * 2,957 154 ----- 6,851 ----- FINLAND (0.9%) Fortum Corp. 14,613 280 Kone Oyj, Class B 2,112 181 Nokia Corp. 180,500 2,916 Orion Corp., Class B 6,300 100 Sampo PLC, Class A 14,952 209 Stora Enso Oyj 24,806 377 Tietoenator Oyj 4,509 163 UPM-Kymmene Corp. 20,800 463 ----- 4,689 ----- FRANCE (10.1%) Accor 11,816 553 Air France 8,402 159 Alcatel * 73,048 950 ALSTOM * 262,677 243 Atos Origin SA * 2,827 206 Autoroutes du Sud de la France 5,875 308 AXA 82,235 2,209 BNP Paribas 46,523 3,372 Bouygues SA 11,935 517 Capgemini * 7,871 294 Carrefour SA 33,820 1,771 Casino Guichard-Perrachon SA 2,340 194 CNP Assurances SA 2,169 155 Compagnie de Saint-Gobain 18,363 1,135 Compagnie Generale des Etablissements Michelin 8,836 630 Credit Agricole SA 38,117 1,129 Dassault Systemes SA 3,616 171 Essilor International SA 6,505 456 Euronext Paris SA 7,701 289 European Aeronautic Defence & Space Co. Eads NV (g) 14,796 465 France Telecom SA 88,424 2,666 Gecina SA 2,620 281 Groupe Danone 14,201 1,413 Hermes International 722 157 Imerys 2,182 178 Klepierre 2,466 231 L'Air Liquide SA 1,089 195 L'Air Liquide SA (Loyalty Bonus Shares) * 3,710 666 L'Air Liquide SA, Registered Shares (b) 1,693 304 L'Oreal SA 18,111 1,416 Lafarge SA 9,118 949 Lafarge SA (Loyalty Shares) * 997 104 Lagardere SCA 7,697 601 LVMH Moet Hennessy Louis Vuitton SA 14,412 1,066 Origin Energy Ltd 6,048 6 Pernod Ricard 3,414 488 Pinault-Printemps-Redoute SA 4,068 453 PSA Peugeot Citroen SA 10,553 690
Publicis Groupe SA 8,135 248 Renault SA 11,220 1,016 Sagem SA 6,105 144 Sanofi-Aventis 58,039 4,627 Schneider Electric SA * 13,294 1,059 Societe BIC 3,126 175 Societe Generale 19,341 2,040 Societe Television Francaise 7,461 242 Sodexho Alliance SA (g) 6,529 209 SUEZ SA 48,039 1,299 Technip 1,471 261 Thales 5,361 242 THOMSON 14,849 402 TOTAL SA 34,612 8,228 Unibail Holding 2,952 364 Valeo 4,914 236 Veolia Environnement SA 16,036 557 VINCI 4,551 669 Vivendi Universal SA * 60,617 1,912 ------ 51,000 ------ GERMANY (13.5%) adidas-Salomon AG 5,379 807 Allianz AG 35,136 4,426 ALTANA AG 8,372 516 BASF AG 59,251 4,427 Bayer AG 75,145 2,630 Bayerische Hypo-und Vereinsbank AG * 71,979 1,752 Beiersdorf AG 2,199 251 Celesio AG 4,318 326 Commerzbank AG * 51,399 1,154 Continental AG 14,192 1,052 DaimlerChrysler AG 98,552 4,547 Deutsche Bank AG 56,131 4,934 Deutsche Boerse AG 12,824 949 Deutsche Lufthansa AG * 28,119 403 Deutsche Post AG 50,777 1,222 Deutsche Telekom AG * 313,209 6,540 Douglas Holding AG 5,621 217 E.ON AG 71,317 6,415 EPCOS AG * 7,342 104 Fresenius Medical Care AG 3,245 206 Heidelberger Druckmaschinen AG 7,123 472 Hypo Real Estate Holding AG * 15,152 616 Infineon Technologies AG * 74,239 769 Karstadt Quelle AG 9,207 107 Lanxess AG * 7,515 170 Linde AG 9,884 679 MAN Aktiengesellschaft AG 12,440 575 Merck KGaA 6,116 471 METRO AG 16,747 940 MLP AG (g) 8,636 147 Muenchener Rueckversicherungs AG 21,042 2,591 PUMA AG Rudolf Dassler Sport 1,974 464 RWE AG 45,087 2,741 RWE AG Pfd. 4,371 228 SAP AG 23,563 3,820 Schering AG 19,118 1,396 Siemens AG 91,795 7,176 Suedzucker AG 7,554 162 ThyssenKrupp AG 35,822 822 TUI AG 15,456 404
Volkswagen AG 26,073 1,289 ------ 68,917 ------ GREECE (1.3%) Alpha Bank SA 21,750 835 Coca-Cola HBC 10,100 274 Cosmote Mobile Telecommunications SA 12,870 258 EFG Eurobank Ergasias SA 20,290 723 Emporiki Bank of Greece SA 6,780 221 Hellenic Duty Free Shops SA 3,540 67 Hellenic Petroleum SA 15,970 184 Hellenic Technodomiki Tev SA 19,480 99 Hellenic Telecommunications Organization SA 28,260 547 Intracom SA 18,580 116 National Bank of Greece SA 29,144 1,112 OPAP SA 18,670 593 Panafon SA * 23,800 173 Piraeus Bank SA 20,350 431 Public Power Corp. SA 12,340 382 Technical Olympic SA 14,320 94 Titan Cement Co. SA 6,510 232 Viohalco SA 14,050 136 ------ 6,477 ------ HONG KONG (0.9%) Bank of East Asia Ltd. 68,754 209 BOC Hong Kong (Holdings) Ltd. 144,000 274 Cheung Kong (Holdings) Ltd. 58,000 550 CLP Holdings Ltd. 61,100 350 Esprit Holdings Ltd. 35,500 252 Hang Seng Bank Ltd. 24,400 333 Henderson Land Development Co. Ltd. 38,000 178 Hong Kong & China Gas Co. Ltd. (The) 139,237 291 Hongkong Electric Holdings Ltd. 50,500 230 Hutchison Telecommunications International Ltd. * 73,827 80 Hutchison Whampoa Ltd. 75,080 676 Johnson Electric Holdings Ltd. 87,500 82 Li & Fung Ltd. 90,000 153 PCCW Ltd. 167,326 98 Sun Hung Kai Properties Ltd. 50,600 471 Swire Pacific Ltd. 38,000 310 Wharf (Holdings) Ltd. (The) 59,000 200 ------ 4,737 ------ IRELAND (1.1%) Allied Irish Banks PLC 58,666 1,261 Bank of Ireland 12,947 314 Bank of Ireland 66,360 1,108 CRH PLC 35,609 998 DEPFA BANK PLC 41,472 679 Elan Corp. PLC * 25,442 208 Independent News & Media PLC 152 0 Irish Life & Permanent PLC 20,623 419 Kerry Group PLC 10,722 262 Kerry Group PLC, Class A 6,213 223 ------ 5,472 ------
ITALY (9.7%) Alleanza Assicurazioni SpA 58,231 790 Arnoldo Mondadori Editore SpA 16,933 189 Assicurazioni Generali SpA 119,237 3,983 Autogrill SpA * 16,216 254 Autostrade SpA 33,545 931 Banca Antoniana Popolare Veneta SpA * 29,932 880 Banca Fideuram SpA 41,601 218 Banca Intesa SpA 113,372 502 Banca Intesa SpA 406,894 1,990 Banca Monte dei Paschi di Siena SpA 143,278 487 Banca Nazionale del Lavoro SpA * 214,794 600 Banca Popolare di Milano Scarl 54,144 469 Banche Popolari Unite Ser 1 44,746 918 Banco Popolare di Verona e Novara Scrl 48,259 943 Benetton Group SpA 10,088 124 Bulgari SpA 18,863 234 Capitalia SpA 183,555 934 Edison SpA * 113,434 236 Enel SpA 457,675 4,404 Eni SpA 326,854 8,539 Fiat SpA * 69,474 520 FinecoGroup SpA * 23,850 212 Finmeccanica SpA 782,540 802 Italcementi SpA 10,716 189 La Rinascente SpA * 15,295 0 Luxottica Group SpA (g) 18,396 388 Mediaset SpA 74,771 1,052 MEDIOBANCA - Banca di Credito Finanziario SpA 60,382 1,019 Mediolanum SpA 34,862 255 Parmalat Finanziaria SpA * (g) 46,288 0 Pirelli & C. SpA (g) 249,186 323 Riunione Adriatica di Sicurta SpA (RAS) 37,779 874 Sanpaolo IMI SpA 129,160 1,887 Seat Pagine Gialle SpA 556,999 247 Snam Rete Gas SpA 122,235 714 Telecom Italia Media SpA * 273,453 139 Telecom Italia Mobile SpA 473,918 3,248 Telecom Italia RNC SpA 712,736 2,248 Telecom Italia SpA 1,032,564 4,006 Tiscali SpA * (g) 31,791 111 UniCredito Italiano SpA 551,284 3,213 ------ 49,072 ------ JAPAN (23.0%) 77 Bank Ltd. 23,000 163 Acom Co. Ltd. 4,400 303 Advantest Corp. (g) 4,300 371 AEON Co. Ltd. 35,100 560 Aeon Credit Service Co. Ltd. 1,700 115 Aiful Corp. 2,700 310 Aisin Seiki Co. Ltd. 10,000 225 Ajinomoto Co., Inc. 35,000 432 All Nippon Airways Co. Ltd. (g) 37,000 137 Alps Electric Co. Ltd. (g) 11,000 168 Amada Co. Ltd. 23,000 151 Aoyama Trading Co. Ltd. 4,200 111 Ariake Japan Co. Ltd. (g) 2,740 65
Asahi Breweries Ltd. 24,100 314 Asahi Glass Co. Ltd. 45,000 495 Asahi Kasei Corp. 74,000 392 Bandai Co. Ltd. 5,700 121 Bank of Fukuoka Ltd. (The) (g) 35,000 212 Bank of Yokohama Ltd. (The) 73,000 451 Benesse Corp. 4,300 147 Bridgestone Corp. 39,000 744 Canon, Inc. 49,900 2,639 CASIO COMPUTER Co. Ltd. 12,800 167 Central Glass Co. Ltd. 14,000 92 Central Japan Railway Co. 58 500 Chiba Bank Ltd. (The) 45,000 292 Chubu Electric Power Co., Inc. (g) 39,200 937 Chugai Pharmaceutical Co. Ltd. 16,800 246 Citizen Watch Co. Ltd. (g) 19,100 176 COMSYS Holdings Corp. 9,000 85 Credit Saison Co. Ltd. 8,800 312 CSK Corp. 4,200 190 Dai Nippon Printing Co. Ltd. 38,000 640 Daiichi Pharmaceutical Co. Ltd. 15,200 392 Daikin Industries Ltd. 11,400 286 Daimaru, Inc. (The) 15,000 132 Dainippon Ink & Chemicals, Inc. 50,000 140 Daito Trust Construction Co. Ltd. (g) 5,400 221 Daiwa House Industry Co. Ltd. 31,000 354 Daiwa Securities Group, Inc. 73,000 497 Denki Kagaku Kogyo KK 34,000 122 DENSO Corp. 30,500 782 Dentsu, Inc. 96 255 DOWA Mining Co. Ltd. 18,000 132 East Japan Railway Co. 203 1,081 Ebara Corp. (g) 21,000 98 Eisai Co. Ltd. (g) 15,500 524 FamilyMart Co. Ltd. 4,500 134 Fanuc Ltd. 8,300 548 Fast Retailing Co. Ltd. 3,300 218 Fuji Electric Co. Ltd. 37,000 114 Fuji Photo Film Co. Ltd. 27,500 1,039 Fuji Television Network, Inc. 35 76 Fujikura Ltd. 22,000 103 Fujisawa Pharmaceutical Co. Ltd. 17,300 433 Fujitsu Ltd. 107,000 702 Furukawa Electric Co. Ltd. (The) * 35,000 179 Gunma Bank Ltd. 28,000 161 Hino Motors Ltd. 16,000 102 Hirose Electric Co. Ltd. 2,000 221 Hitachi Cable Ltd. (g) 13,000 56 Hitachi Chemical Co. Ltd. 7,100 123 Hitachi Ltd. 189,000 1,196 Hokkaido Electric Power Co., Inc. (g) 13,400 271 Hokuhoku Financial Group, Inc. 64,000 201 Honda Motor Co. Ltd. 44,900 2,410 Hoya Corp. 6,500 703 Isetan Co. Ltd. 11,900 151 Ishikawajima-Harima Heavy Industries Co. Ltd. * 78,000 126 Ito-Yokado Co. Ltd. 20,200 833 ITOCHU Corp. 86,000 454 Itochu Techno-Science Corp. 2,200 84 JAFCO Co. Ltd. 1,900 118 Japan Airlines Corp. * 47,000 142
Japan Real Estate Investment Corp. 20 169 Japan Retail Fund Investment Corp. 19 148 Japan Tobacco, Inc. 54 587 JFE Holdings, Inc. 31,775 978 JGC Corp. (g) 14,000 143 Joyo Bank Ltd. (The) 45,300 244 JSR Corp. 11,200 232 Kajima Corp. 57,000 235 Kamigumi Co. Ltd. 20,000 162 Kaneka Corp. 18,000 204 Kansai Electric Power Co., Inc. (The) (g) 41,000 818 Kansai Paint Co. Ltd. 20,000 124 Kao Corp. 29,000 688 Katokichi Co. Ltd. 4,600 94 Kawasaki Heavy Industries Ltd. (g) 83,000 143 Kawasaki Kisen Kaisha Ltd. 33,000 246 Keihin Electric Express Railway Co. Ltd. (g) 35,000 222 Keio Electric Railway Co. Ltd. 42,000 250 Keyence Corp. 2,000 484 Kikkoman Corp. 13,000 135 Kinden Corp. 12,000 92 Kinki Nippon Railway Co. Ltd. 101,250 336 Kirin Brewery Co. Ltd. 42,000 427 Kobe Steel Ltd. 155,000 281 Kokuyo Co. Ltd. 8,400 105 Komatsu Ltd. 58,000 436 Konami Corp. 5,600 127 Konica Minolta Holdings, Inc. 26,500 315 Kubota Corp. 60,000 330 Kuraray Co. Ltd. 24,000 219 Kurita Water Industries Ltd. 7,500 118 Kyocera Corp. 9,800 731 Kyowa Hakko Kogyo Co. Ltd. 24,000 183 Kyushu Electric Power Co., Inc. 24,400 529 LAWSON, Inc. 3,900 149 Leopalace21 Corp. 8,000 133 Mabuchi Motor Co. Ltd. 2,100 132 Makita Corp. (g) 9,000 172 Marubeni Corp. 86,000 275 Marui Co. Ltd. 19,700 258 Matsumotokiyoshi Co. Ltd. 3,300 97 Matsushita Electric Industrial Co. Ltd. 131,880 1,972 Matsushita Electric Works Ltd. 17,000 153 Meiji Seika Kaisha Ltd. 25,000 126 Meitec Corp. 3,200 110 Millea Holdings, Inc. 82 1,202 Minebea Co. Ltd. 25,000 114 Mitsubishi Chemical Corp. 102,000 345 Mitsubishi Corp. 66,900 908 Mitsubishi Electric Corp. 103,000 540 Mitsubishi Estate Co. Ltd. 58,000 705 Mitsubishi Gas Chemical Co., Inc. 24,000 124 Mitsubishi Heavy Industries Ltd. 173,000 465 Mitsubishi Logistics Corp. 10,000 113 Mitsubishi Materials Corp. (g) 58,000 150 Mitsubishi Rayon Co. Ltd. 38,000 136 Mitsubishi Tokyo Financial Group, Inc. 270 2,474 Mitsui & Co. Ltd. 78,000 796 Mitsui Chemicals, Inc. 38,000 221
Mitsui Engineering & Shipbuilding Co. Ltd. (g) 51,000 96 Mitsui Fudosan Co. Ltd. 42,000 521 Mitsui Mining & Smelting Co. Ltd. 35,000 161 Mitsui O.S.K. Lines Ltd. 57,000 390 Mitsui Sumitomo Insurance Co. Ltd. 75,340 672 Mitsui Trust Holdings, Inc. 33,000 349 Mitsukoshi Ltd. (g) 26,000 130 Mizuho Financial Group, Inc. 466 2,265 Murata Manufacturing Co. Ltd. 13,500 743 NEC Corp. 98,000 635 NEC Electronics Corp. 2,300 128 Net One Systems Co. Ltd. 33 100 NGK Insulators Ltd. 18,000 187 NGK Spark Plug Co. Ltd. 13,000 139 Nichii Gakkan Co. (g) 1,900 61 Nidec Corp. 2,900 353 Nikko Cordial Corp. 96,000 474 Nikon Corp. 18,000 224 Nintendo Co. Ltd. 6,000 663 Nippon Building Fund, Inc. 22 185 Nippon Express Co. Ltd. 55,000 281 Nippon Meat Packers, Inc. 11,000 152 Nippon Mining Holdings, Inc. 49,500 291 Nippon Oil Corp. 80,000 596 Nippon Sheet Glass Co. Ltd. 25,000 111 Nippon Steel Corp. 359,000 988 Nippon Telegraph & Telephone Corp. 306 1,329 Nippon Unipac Holding 54 264 Nippon Yusen KK 60,000 359 Nissan Chemical Industries Ltd. 14,000 126 Nissan Motor Co. Ltd. 149,100 1,602 Nisshin Seifun Group, Inc. 12,000 131 Nisshin Steel Co. Ltd. 52,000 144 Nissin Food Products Co. Ltd. 5,700 152 Nitto Denko Corp. 10,100 551 NOK Corp. 6,000 148 Nomura Holdings, Inc. 111,400 1,541 Nomura Research Institute Ltd. 1,500 147 NSK Ltd. 30,000 158 NTN Corp. (g) 28,000 167 NTT DATA Corp. 77 272 NTT DoCoMo, Inc. 1,195 2,030 Obayashi Corp. 37,000 234 Obic Co. Ltd. 500 94 Odakyu Electric Railway Co. Ltd. (g) 51,000 312 Oji Paper Co. Ltd. 48,000 280 Oki Electric Industry Co. Ltd. * 37,000 161 Olympus Corp. 14,000 308 OMRON Corp. 13,300 308 Onward Kashiyama Co. Ltd. 10,000 147 Oracle Corp. (g) 2,100 103 Oriental Land Co. Ltd. 3,200 209 ORIX Corp. 4,920 638 Osaka Gas Co. Ltd. 127,000 383 Pioneer Corp. 10,700 188 Promise Co. Ltd. 5,500 383 Rakuten, Inc. 288 259 Resona Holdings, Inc. * 274,000 558 Ricoh Co. Ltd. 40,000 745 ROHM Co. Ltd. 6,500 651 Sankyo Co. Ltd. 3,400 189
Sankyo Co. Ltd. (Gunma) 22,900 518 SANYO Electric Co. Ltd. (g) 92,000 307 Sapporo Holdings Ltd. (g) 24,000 111 Secom Co. Ltd. 12,500 516 Sega Sammy Holdings * 4,252 266 Seiko Epson Corp. 6,200 244 Sekisui Chemical Co. Ltd. 26,000 193 Sekisui House Ltd. 30,000 330 Seven-Eleven Japan Co. Ltd. 22,200 674 Sharp Corp. 57,000 906 Shimamura Co. Ltd. 1,400 97 Shimano, Inc. 5,100 158 Shimizu Corp. 34,000 167 Shin-Etsu Chemical Co. Ltd. 21,300 871 Shinsei Bank Ltd. (g) 33,000 193 Shionogi & Co. Ltd. 19,000 253 Shiseido Co. Ltd. (g) 21,000 286 Shizuoka Bank Ltd. (The) 35,000 358 Showa Denko KK 68,000 178 Showa Shell Sekiyu K.K. 12,900 129 Skylark Co. Ltd. 5,600 97 SMC Corp. 3,100 377 Softbank Corp. (g) 13,800 595 Sompo Japan Insurance, Inc. 44,000 468 Sony Corp. 55,600 2,108 Stanley Electric Co. Ltd. 10,000 154 Sumitomo Chemical Co. Ltd. 80,000 427 Sumitomo Corp. 57,000 516 Sumitomo Electric Industries Ltd. 39,000 430 Sumitomo Heavy Industries Ltd. * (g) 35,000 154 Sumitomo Metal Industries Ltd. 226,000 386 Sumitomo Metal Mining Co. Ltd. 32,000 243 Sumitomo Mitsui Financial Group, Inc. 243 1,684 Sumitomo Realty & Development Co. Ltd. 24,000 306 Sumitomo Trust & Banking Co. Ltd. (The) 72,000 495 Suruga Bank Ltd. 15,000 125 Suzuken Co. Ltd. 3,600 93 T&D Holdings, Inc. * 10,650 568 Taiheiyo Cement Corp. 53,000 158 Taisei Corp. 50,000 185 Taisho Pharmaceutical Co. Ltd. 11,000 228 Taiyo Yuden Co. Ltd. (g) 10,000 116 Takara Holdings, Inc. (g) 14,000 105 Takashimaya Co. Ltd. (g) 18,000 180 Takeda Pharmaceutical Co. Ltd. 52,600 2,523 Takefuji Corp. 4,110 292 TDK Corp. 7,400 535 Teijin Ltd. 51,000 212 Teikoku Oil Co. Ltd. 22,000 168 Terumo Corp. 10,600 332 THK Co. Ltd. 6,500 140 TIS, Inc. 2,600 109 Tobu Railway Co. Ltd. 67,000 269 Toho Co. Ltd. 9,300 150 Tohoku Electric Power Co., Inc. 26,000 479 Tokyo Broadcasting System, Inc. 3,400 61 Tokyo Electric Power Co., Inc. (The) 67,100 1,644 Tokyo Electron Ltd. 10,500 672 Tokyo Gas Co. Ltd. 153,000 617
Tokyu Corp. 61,000 327 TonenGeneral Sekiyu KK 21,000 218 Toppan Printing Co. Ltd. 34,000 361 Toray Industries, Inc. 74,000 349 Toshiba Corp. 171,000 750 Tosoh Corp. 32,000 167 Tostem Inax Holding Corp. 15,112 276 TOTO Ltd. 18,700 161 Toyo Seikan Kaisha Ltd. 8,400 147 Toyobo Co. Ltd. 50,000 127 Toyota Industries Corp. 11,200 304 Toyota Motor Corp. 171,400 6,652 Trend Micro, Inc. (g) 6,000 277 Ube Industries Ltd. * 59,000 110 UFJ Holdings, Inc. 230 1,270 Uni-Charm Corp. 2,800 125 UNY Co. Ltd. 12,000 142 Ushio, Inc. 9,000 184 USS Co. Ltd. 1,690 132 Wacoal Corp. (g) 11,000 130 West Japan Railway Co. 108 425 World Co. Ltd. 2,950 108 Yahoo Japan Corp. * 114 570 Yakult Honsha Co. Ltd. 8,000 153 Yamada Denki Co. Ltd. 4,900 243 Yamaha Corp. 11,200 169 Yamaha Motor Co. Ltd. 11,700 200 Yamanouchi Pharmaceutical Co. Ltd. 18,500 657 Yamato Transport Co. Ltd. 26,000 413 Yamazaki Baking Co. Ltd. 10,000 91 Yokogawa Electric Corp. (g) 15,000 216 ------- 117,358 ------- LUXEMBOURG (0.1%) Arcelor SA 28,698 711 ------- NETHERLANDS (3.1%) ABN AMRO Holding NV 52,779 1,452 AEGON NV 46,904 675 Akzo Nobel NV 9,849 444 ASML Holding NV * 17,622 324 DSM NV 3,191 227 Heineken NV 8,635 295 ING Groep NV 62,772 1,928 QIAGEN NV * 17,574 220 Reed Elsevier NV 25,797 387 Rodamco Europe NV 2,259 182 Royal Ahold NV * 54,785 495 Royal Dutch Petroleum Co. 70,140 4,421 Royal KPN NV 68,606 662 Royal Numico NV * 5,272 213 Royal Philips Electronics NV 45,392 1,258 TPG NV 14,805 413 Unilever NV 19,218 1,280 Vedior NV 7,056 132 VNU NV 9,156 286 Wolters Kluwer NV 10,557 204 ------- 15,498 ------- NEW ZEALAND (0.5%) Auckland International Airport Ltd. 40,331 252 Carter Holt Harvey Ltd. 99,171 166 Fisher & Paykel Appliances Holdings Ltd. 62,786 147
Fisher & Paykel Healthcare Corp. Ltd. 80,605 180 Fletcher Building Ltd. 55,972 287 Sky City Entertainment Group Ltd. 78,330 292 Telecom Corp. of New Zealand Ltd. 223,772 1,039 Warehouse Group Ltd. 36,834 113 ----- 2,476 ----- NORWAY (1.6%) DNB Nor Bank ASA 90,540 920 Frontline Ltd. 6,050 343 Norsk Hydro ASA 20,080 1,735 Norske Skogindustrier ASA 15,650 332 Orkla ASA 26,200 953 Petroleum Geo-Services ASA * 2,738 196 Schibsted ASA (g) 7,350 201 Statoil ASA 73,300 1,327 Storebrand ASA 34,800 342 Tandberg ASA 19,194 213 Telenor ASA 107,600 991 Tomra Systems ASA (g) 27,150 116 Yara International ASA * 30,340 439 ----- 8,108 ----- PORTUGAL (0.9%) Banco BPI SA 64,008 265 Banco Comercial Portugues SA 248,691 696 Banco Espirito Santo SA 16,019 285 Brisa-Auto-estradas de Portugal SA 58,370 520 CIMPOR-Cimentos de Portugal SGPS SA 30,753 177 Electricidade de Portugal SA (EDP) 298,242 875 Keppel Corp. Ltd. 31,000 180 Portugal Telecom SGPS SA 108,195 1,317 PT Multimedia 6,990 183 Sonae SGPS SA 150,387 235 ----- 4,733 ----- SINGAPORE (0.5%) City Developments Ltd. 36,000 150 DBS Group Holdings Ltd. 44,467 407 Oversea-Chinese Banking Corp. Ltd. 45,350 380 Singapore Airlines Ltd. 31,000 229 Singapore Press Holdings Ltd. 80,750 226 Singapore Telecommunications Ltd. 236,580 382 United Overseas Bank Ltd. 52,000 435 Venture Corp. Ltd. 12,000 106 ----- 2,315 ----- SPAIN (5.6%) Abertis Infraestructuras SA 22,702 538 Acciona SA 2,801 263 Acerinox SA 17,125 297 Actividades de Construccion y Servicios SA (ACS) 21,378 545 Altadis SA 20,989 881 Amadeus Global Travel Distribution SA 27,003 258 Antena 3 de Television SA * 2,134 164 Banco Bilbao Vizcaya Argentaria SA 233,121 4,031 Banco Popular Espanol SA 12,353 855 Banco Santander Central Hispano SA 436,148 5,388 Corporacion Mapfre SA 10,617 171 Endesa SA 71,198 1,609 Fomento de Construcciones y Contratas SA 4,292 221
Gamesa Corporacion Tecnologica SA (g) 10,910 151 Gas Natural SDG SA 13,088 387 Grupo Ferrovial SA 5,283 315 Gruppo Editoriale l'Espresso SpA (g) 24,288 156 Iberdrola SA 58,561 1,543 Iberia Lineas Aereas de Espana SA 48,666 170 Indra Sistemas SA 12,694 219 Industria de Diseno Textil SA 17,129 529 Metrovacesa SA (g) 4,033 209 Promotora de Informaciones SA 7,303 153 Repsol YPF SA 69,801 1,902 Sacyr Vallehermoso Group (g) 11,321 208 Sociedad General de Aguas de Barcelona SA, Class A 7,553 161 Sogecable SA * 3,336 134 Telefonica Publicidad e Informacion SA 15,684 150 Telefonica SA 330,720 6,080 Union Fenosa SA 17,604 506 Zeltia SA (g) 14,849 133 ------ 28,327 ------ SWEDEN (1.7%) ASSA ABLOY AB 13,800 211 Atlas Copco AB 5,100 254 Atlas Copco AB, Class B 3,447 159 Electrolux AB, Ser B 13,600 327 Gambro AB 9,600 136 H&M Hennes & Mauritz AB 20,050 705 Nordea Bank AB 91,500 962 Sandvik AB 9,700 421 Scania AB, Class B (g) 4,727 215 Securitas AB 14,800 236 Skandia Forsakrings AB 49,900 267 Skandinaviska Enskilda Banken AB 21,000 406 Skanska AB 18,100 215 SKF AB 4,500 224 Svenska Cellulosa AB ACA 8,100 317 Svenska Handelsbanken AB, Class A 21,100 515 Swedish Match AB 16,600 196 Tele2 AB 5,050 180 Telefonaktiebolaget LM Ericsson 603,800 1,773 TeliaSonera AB 80,000 480 Volvo AB Class A 4,257 189 Volvo AB, Class B 9,750 448 ------ 8,836 ------ SWITZERLAND (1.8%) ABB Ltd. * 28,253 172 Adecco SA 2,341 128 Compagnie Financiere Richemont SA 8,839 280 Credit Suisse Group * 17,152 747 Holcim Ltd. 2,793 185 Nestle SA 5,476 1,520 Novartis AG 33,096 1,656 Roche Holding Ltd. 9,946 1,048 STMicroelectronics NV (g) 35,279 628 Swiss Reinsurance Co. 4,914 361 Swisscom AG 485 190 Syngenta AG 2,091 235 UBS AG 15,697 1,363
Zurich Financial Services 2,175 400 ----- 8,913 ----- UNITED KINGDOM (10.2%) "Shell" Transport & Trading Co. PLC (The) 212,656 1,998 3i Group PLC 17,142 229 AMVESCAP PLC 21,467 140 Anglo American PLC 31,592 787 ARM Holdings PLC 42,657 88 AstraZeneca PLC 37,812 1,496 Aviva PLC 51,226 637 BAA PLC 27,549 322 BAE Systems PLC 76,123 374 Barclays PLC 142,681 1,553 BG Group PLC 85,221 667 BHP Billiton PLC 55,482 828 BOC Group PLC (The) 14,128 269 Boots Group PLC 20,369 260 BP PLC 487,232 5,262 BPB PLC 14,359 139 Brambles Industries PLC 23,781 140 British American Tobacco PLC 37,269 684 British Land Co. PLC (The) 14,243 236 British Sky Broadcasting Group PLC 29,404 320 BT Group PLC 196,101 785 Bunzl PLC 19,010 182 Cable & Wireless PLC 60,688 149 Cadbury Schweppes PLC 47,335 465 Capita Group PLC (The) 18,949 138 Carnival PLC 4,190 241 Centrica PLC 93,842 426 Compass Group PLC 55,888 268 Corus Group PLC * 101,584 116 Daily Mail & General Trust PLC 9,994 141 Diageo PLC 69,099 983 Dixons Group PLC 52,413 162 Electrocomponents PLC 18,937 110 EMAP PLC 7,615 123 EMI Group PLC 22,731 100 Enterprise Inns PLC 11,103 160 Exel PLC 10,395 162 Friends Provident PLC 53,887 170 GKN PLC 26,516 131 GlaxoSmithKline PLC 131,598 3,143 GUS PLC 23,910 433 Hammerson PLC 10,082 172 Hanson PLC 19,621 191 Hays PLC 51,135 132 HBOS PLC 87,444 1,390 Hilton Group PLC 43,667 263 HSBC Holdings PLC 242,436 4,042 Imperial Chemical Industries PLC 31,586 166 Imperial Tobacco Group PLC 17,361 463 Inter Continental Hotels Group PLC 17,325 222 International Power PLC * 44,131 152 Invensys PLC * 167,136 56 ITV PLC 102,738 229 J Sainsbury PLC 36,744 201 Johnson Matthey PLC 7,691 149 Kelda Group PLC 13,983 162 Kingfisher PLC 56,427 316 Land Securities Group PLC 12,149 321 Legal & General Group PLC 148,677 336
Liberty International PLC 9,868 186 Lloyds TSB Group PLC 125,787 1,185 LogicaCMG PLC 21,087 73 Man Group PLC 7,480 194 Marks & Spencer Group PLC 41,884 282 Mitchells & Butlers PLC 17,274 114 National Grid Transco PLC 71,618 693 Next PLC 7,136 211 Pearson PLC 20,074 246 Peninsular & Oriental Steam Navigation Co. (The) 23,309 141 Provident Financial PLC 11,023 143 Prudential PLC 54,188 494 Reckitt Benckiser PLC 13,559 427 Reed Elsevier PLC 31,620 321 Rentokil Initial PLC 56,038 170 Reuters Group PLC 33,928 268 Rexam PLC 14,372 127 Rio Tinto PLC (g) 23,651 834 Rolls-Royce PLC * 40,599 203 Royal & Sun Alliance Insurance Group PLC 79,308 128 Royal Bank of Scotland Group PLC (The) 70,175 2,402 SABMiller PLC 19,778 327 Sage Group PLC (The) 37,292 148 Scottish & Newcastle PLC 22,512 194 Scottish & Southern Energy PLC 21,770 367 Scottish Power PLC 46,796 368 Severn Trent PLC 11,100 195 Slough Estates PLC 17,383 172 Smith & Nephew PLC 23,150 238 Smiths Group PLC 15,630 256 Tesco PLC 174,300 1,022 Tomkins PLC 26,640 143 Trinity Mirror PLC 10,700 142 Unilever PLC 62,328 597 United Utilities PLC 19,118 228 United Utilities PLC, Class A 8,994 77 Vodafone Group PLC 1,492,989 3,902 Whitbread Group PLC 9,996 173 William Hill Organization Ltd. 15,859 184 Wolseley PLC 16,385 349 WPP Group PLC 27,718 319 Yell Group PLC 18,957 172 ------- 52,395 ------- TOTAL FOREIGN COMMON STOCKS (COST $365,049) 483,312 ------- FOREIGN PREFERRED STOCKS (0.5%) GERMANY (0.5%) Fresenius Medical Care AG 4,244 379 Henkel KGaA, Vorzug 6,700 600 Porsche AG 952 687 ProSiebenSat.1 Media AG 9,823 196 Volkswagen AG 12,553 460 ------- TOTAL FOREIGN PREFERRED STOCKS (COST $1,718) 2,322 ------- SHORT-TERM INVESTMENTS (4.1%)
Boston Global Investment Trust - Enhanced Portfolio (m) 13,700,993 13,701 Brown Brothers Harriman & Co., Cayman Islands Cash Sweep 6,919,740 6,920 ----------- TOTAL SHORT-TERM INVESTMENTS (COST $20,621) 20,621 ----------- TOTAL INVESTMENTS (COST $400,569) (a) - 102.5% 519,879 LIABILITIES IN EXCESS OF OTHER ASSETS - (2.5)% (12,603) ----------- NET ASSETS - 100.0% $ 507,276 ===========
---------- SEE NOTES TO SCHEDULE OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS MID-CAP EQUITY FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ----------- COMMON STOCKS (96.0%) CONSUMER DISCRETIONARY (18.2%) Abercrombie & Fitch Co., Class A 35,879 $ 1,927 Aeropostale, Inc. * 24,970 797 American Axle & Manufacturing Holdings, Inc. (e) 34,802 919 American Eagle Outfitters, Inc. 28,214 1,527 Bed Bath & Beyond, Inc. * 37,422 1,404 Black & Decker Corp. (The) 20,728 1,719 Choice Hotels International, Inc. 46,581 2,754 Coach, Inc. * 28,676 1,592 Dollar General Corp. 77,693 1,649 Guitar Center, Inc. * 12,102 733 Hilton Hotels Corp. 45,239 953 International Game Technology 36,236 1,104 J. C. Penney Co., Inc. 23,443 1,043 Knight-Ridder, Inc. 25,153 1,648 Lennar Corp., Class A 40,809 2,482 M.D.C. Holdings, Inc. 33,319 2,653 Marvel Enterprises, Inc. * 21,958 387 McGraw-Hill Cos., Inc. (The) 32,704 3,004 NVR, Inc. * 3,010 2,385 Pacific Sunwear of California, Inc. * 30,994 798 PETCO Animal Supplies, Inc. * 19,185 680 Ryland Group, Inc. (The) 14,476 1,007 Scholastic Corp. * (e) 49,994 1,774 Staples, Inc. 30,372 957 TJX Cos., Inc. (The) 70,411 1,719 Urban Outfitters, Inc. * 17,080 710 YUM! Brands, Inc. 92,576 4,516 ----------- 42,841 ----------- CONSUMER STAPLES (3.5%) 7-Eleven, Inc. * 84,942 2,134 Archer Daniels Midland Co. 70,583 1,701 Reynolds American, Inc. 55,177 4,522 ----------- 8,357 ----------- ENERGY (8.7%) Amerada Hess Corp. 44,635 4,481 Ashland, Inc. 62,453 4,078 Devon Energy Corp. 40,101 1,876 Marathon Oil Corp. 100,699 4,767 Unocal Corp. 46,918 2,538 Valero Energy Corp. 39,878 2,841 ----------- 20,581 ----------- FINANCIALS (19.9%) American Capital Strategies Ltd. 28,816 1,000 Annaly Mortgage Management, Inc. (e) 100,236 1,920
Arch Capital Group Ltd. * 11,825 491 Bear Stearns Cos., Inc. 8,022 798 Brandywine Realty Trust 36,387 1,077 Comerica, Inc. 23,022 1,314 E*TRADE Financial Corp. * 113,997 1,513 General Growth Properties, Inc. 71,165 2,484 Hospitality Properties Trust 32,005 1,327 Huntington Bancshares, Inc. 59,646 1,343 IndyMac Bancorp, Inc. 23,164 834 Legg Mason, Inc. 13,969 1,126 Lexington Corp. Properties Trust (e) 73,837 1,626 Lincoln National Corp. 70,175 3,287 MBIA, Inc. 15,884 931 MGIC Investment Corp. 24,393 1,530 National City Corp. 35,076 1,255 New York Community Bancorp, Inc. 59,217 1,087 North Fork Bancorporation, Inc. 25,046 722 PartnerRe Ltd. 39,974 2,503 PMI Group, Inc. (The) 46,665 1,878 Principal Financial Group, Inc. 49,769 1,942 Radian Group, Inc. 23,518 1,137 Raymond James Financial, Inc. 37,478 1,142 Regions Financial Corp. 41,044 1,324 Senior Housing Properties Trust 38,817 696 Simon Property Group, Inc. 11,569 717 SL Green Realty Corp. 33,976 1,916 Sovereign BanCorp, Inc. 54,087 1,241 St. Paul Travelers Cos., Inc. (The) 60,176 2,306 Student Loan Corp. (The) 12,715 2,508 Westcorp 44,894 2,031 ------ 47,006 ------ HEALTH CARE (9.9%) Biomet, Inc. 30,813 1,301 CIGNA Corp. 35,882 3,257 Coventry Health Care, Inc. * 40,652 2,565 Genzyme Corp. * 25,991 1,458 Hospira, Inc. * 29,620 877 Humana, Inc. * 80,884 2,691 ImClone Systems, Inc. * 19,160 848 Laboratory Corp. of America Holdings * 38,760 1,856 Medco Health Solutions, Inc. * 40,178 1,785 PacifiCare Health Systems, Inc. * 30,902 1,962 Protein Design Labs, Inc. * 41,979 629 Sepracor, Inc. * 13,566 875 Thermo Electron Corp. * 23,715 651 WellPoint, Inc. * 21,555 2,631 ------ 23,386 ------ INDUSTRIALS (10.1%) Deluxe Corp. 41,671 1,627 Eaton Corp. 39,587 2,761 H & R Block, Inc. 42,391 2,259 Old Dominion Freight Line, Inc. * 19,773 695 PACCAR, Inc. 17,744 1,335 Parker Hannifin Corp. 10,624 699 Pitney Bowes, Inc. 19,650 901 Rockwell Collins, Inc. 87,066 4,010 Ryder System, Inc. 51,272 2,177 Southwest Airlines Co. 105,386 1,460 Textron, Inc. 47,857 3,702 Thomas & Betts Corp. * 30,928 961
Universal Technical Institute, Inc. * (e) 16,755 597 W.W. Grainger, Inc. 11,122 698 ------- 23,882 ------- INFORMATION TECHNOLOGY (12.9%) Adobe Systems, Inc. 32,059 1,980 Advanced Micro Devices, Inc. * 26,635 465 Alliance Data Systems Corp. * 11,035 435 Apple Computer, Inc. * 53,354 2,393 Autodesk, Inc. 50,637 1,505 Avaya, Inc. * 126,611 1,773 BMC Software, Inc. * 44,576 666 Check Point Software Technologies Ltd. * 29,570 654 Citrix Systems, Inc. * 47,925 1,078 Corning, Inc. * 103,434 1,186 Cree, Inc. * (e) 18,073 425 Juniper Networks, Inc. * 61,712 1,329 Lexmark International, Inc., Class A * 11,540 925 LSI Logic Corp. * 110,504 705 McAfee, Inc. * 54,334 1,257 MEMC Electronic Materials, Inc. * 64,198 833 National Semiconductor Corp. 104,092 2,077 Novellus Systems, Inc. * 58,490 1,728 QLogic Corp. * 24,271 978 Scientific-Atlanta, Inc. 59,930 1,852 SunGard Data Systems, Inc. * 60,736 1,586 Symantec Corp. * 26,375 581 VeriSign, Inc. * 45,049 1,235 VERITAS Software Corp. * 30,931 749 Xerox Corp. * 134,895 2,104 ------- 30,499 ------- MATERIALS (6.1%) Arch Coal, Inc. 23,456 1,046 Ball Corp. 108,107 4,800 Freeport-McMoRan Copper & Gold, Inc., Class B 22,415 937 Lubrizol Corp. (The) 67,459 2,876 Monsanto Co. 78,616 4,621 ------- 14,280 ------- TELECOMMUNICATION SERVICES (0.8%) Citizens Communications Co. 97,336 1,299 Western Wireless Corp., Class A * 17,796 699 ------- 1,998 ------- UTILITIES (5.9%) Allegheny Energy, Inc. * 59,881 1,134 Equitable Resources, Inc. 31,889 1,893 Northeast Utilities (e) 151,789 2,834 OGE Energy Corp. 26,395 685 PG&E Corp. 41,591 1,463 Sempra Energy 12,433 497 TXU Corp. 21,841 1,665 UGI Corp. 39,784 1,780 Xcel Energy, Inc. (e) 105,826 1,875 ------- 13,826 ------- TOTAL COMMON STOCKS (COST $184,270) 226,656 ------- SHORT-TERM INVESTMENTS (3.1%) Boston Global Investment Trust - Enhanced Portfolio (m) 7,235,600 7,236 -------
TOTAL SHORT-TERM INVESTMENTS (COST $7,236) 7,236 ----------- REPURCHASE AGREEMENT (3.2%) BNP Paribas, 2.585% dated 02/28/05, to $ 7,626 be repurchased on 03/01/05, repurchased price $7,626,637 (collateralized by FMDN Obligations at 2.62%; total market value $7,779,512 $ 7,626 TOTAL REPURCHASE AGREEMENT (COST $7,626) 7,626 ----------- TOTAL INVESTMENTS (COST $199,132) (a) - 102.3% 241,518 LIABILITIES IN EXCESS OF OTHER ASSETS - (2.3)% (5,365) ----------- NET ASSETS - 100.0% $ 236,022 ===========
---------- SEE NOTES TO SCHEDULE OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS MID-CAP VALUE EQUITY FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES VALUE ------ ----- COMMON STOCKS (97.4%) CONSUMER DISCRETIONARY (16.2%) American Axle & Manufacturing 84,550 $ 2,234 Holdings, Inc. Dollar General Corp. 194,200 4,123 Lear Corp. (e) 53,400 2,785 Mattel, Inc. (e) 265,800 5,561 May Department Stores Co. (The) 123,100 4,248 Newell Rubbermaid, Inc. 169,000 3,767 Pier 1 Imports, Inc. (e) 175,800 3,208 Radioshack Corp. 142,600 4,215 Tribune Co. 79,400 3,234 Yankee Candle Co., Inc. (The) * 52,675 1,631 ---------- 35,006 ---------- CONSUMER STAPLES (5.8%) Fomento Economico Mexicano S.A. ADR 37,700 2,278 H.J. Heinz Co. 79,500 2,992 J.M. Smucker Co. (The) (e) 43,700 2,148 Molson Coors Brewing Co., Class B 35,900 2,496 Pepsi Bottling Group, Inc. (The) (e) 99,400 2,706 ---------- 12,620 ---------- ENERGY (4.8%) GlobalSantaFe Corp. 56,500 2,119 Kerr-McGee Corp. 18,100 1,406 Marathon Oil Corp. 83,800 3,966 Noble Energy, Inc. (e) 20,500 1,387 Unocal Corp. 25,800 1,396 ---------- 10,274 ---------- FINANCIALS (27.8%) A.G. Edwards, Inc. (e) 63,400 2,733 Alliance Capital Management Holding LP 85,400 4,016 AmSouth Bancorp 91,200 2,278 Assured Guaranty Ltd. 190,800 3,614 Bear Stearns Cos., Inc. 14,900 1,483 Comerica, Inc. 129,600 7,397 FirstMerit Corp. (e) 77,400 2,015 MBIA, Inc. (e) 46,000 2,696 Mellon Financial Corp. 244,100 7,000 Northern Trust Corp. (e) 127,800 5,400 Platinum Underwriters Holdings Ltd. (e) 159,500 4,945 Provident Financial Services, Inc. (e) 207,300 3,694 Safeco Corp. 56,100 2,675 South Financial Group, Inc. (The) (e) 223,200 6,852 UnionBanCal Corp. 56,900 3,522 ---------- 60,320 ---------- HEALTH CARE (3.9%) Health Management Associates, Inc., 139,700 3,209 Class A (e)
Hillenbrand Industries, Inc. 47,885 2,701 Manor Care, Inc. (e) 74,200 2,528 ---------- 8,438 ---------- INDUSTRIALS (16.3%) Avery Dennison Corp. 48,200 2,926 Cintas Corp. (e) 170,100 7,447 Dover Corp. 210,000 8,120 Embraer-Empresa Brasileira de 108,500 3,663 Aeronautica SA ADR (e) Pall Corp. 206,200 5,582 Pitney Bowes, Inc. 32,000 1,468 R.R. Donnelley & Sons Co. 43,200 1,435 Rockwell Automation, Inc. 53,000 3,294 Werner Enterprises, Inc. 65,200 1,395 ---------- 35,330 ---------- INFORMATION TECHNOLOGY (11.9%) Diebold, Inc. (e) 108,600 5,795 Harris Corp. 42,700 2,848 Intersil Corp., Class A 224,600 3,787 National Semiconductor Corp. (e) 219,000 4,369 Paychex, Inc. 68,900 2,200 Reynolds & Reynolds Co. (The), Class A 141,400 3,913 Tektronix, Inc. 95,300 2,756 ---------- 25,668 ---------- MATERIALS (8.0%) Air Products & Chemicals, Inc. 34,500 2,160 Bowater, Inc. 57,700 2,240 Foundation Coal Holdings, Inc. (e) 114,700 2,951 Lubrizol Corp. (The) 50,800 2,166 Sappi Ltd. ADR 343,500 4,610 Valspar Corp. (The) (e) 69,049 3,187 ---------- 17,314 ---------- UTILITIES (2.7%) KeySpan Corp. (e) 23,100 914 NiSource, Inc. 63,100 1,429 Pepco Holdings, Inc. (e) 56,457 1,244 PPL Corp. 17,600 960 Xcel Energy, Inc. (e) 69,201 1,226 ---------- 5,773 ---------- TOTAL COMMON STOCKS (COST $191,101) 210,743 ---------- SHORT-TERM INVESTMENTS (15.7%) Boston Global Investment Trust - 33,982,700 33,983 Enhanced Portfolio (m) ---------- TOTAL SHORT-TERM INVESTMENTS (COST $33,983) 33,983 ---------- MONEY MARKET FUNDS (1.5%) Federated Prime Value Obligations 3,148,431 3,148 Fund, Class I ---------- TOTAL MONEY MARKET FUNDS (COST $3,148) 3,148 ---------- TOTAL INVESTMENTS (COST $228,232) (a) - 114.6% 247,874 LIABILITIES IN EXCESS OF OTHER ASSETS - (14.6)% (31,630) ---------- NET ASSETS - 100.0% $ 216,244 ==========
------------ SEE NOTES TO SCHEDULE OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS SMALL CAP GROWTH STOCK FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE ----------- ------------ COMMON STOCKS (95.2%) CONSUMER DISCRETIONARY (13.4%) America's Car-Mart, Inc. * 100,000 $ 3,546 bebe stores, Inc. (e) 100,000 2,815 Bombay Co., Inc. (The) * (e) 100,000 570 Building Materials Holding Corp. (e) 80,000 3,691 Casual Male Retail Group, Inc. * 480,000 2,779 CBRL Group, Inc. (e) 135,000 5,779 Coldwater Creek, Inc. * (e) 220,000 6,096 Conn's, Inc. * (e) 200,000 3,402 CSK Auto Corp. * 250,000 3,975 Dover Downs Gaming & Entertainment, Inc. (e) 100,200 1,268 Electronics Boutique Holdings Corp. * (e) 120,000 4,540 Emmis Communications Corp., Class A * 170,000 3,179 Genesco, Inc. * (e) 205,000 6,041 Gottschalks, Inc. * 230,000 2,029 Guitar Center, Inc. * 95,000 5,755 Jos. A. Bank Clothiers, Inc. * (e) 300,000 8,141 K2, Inc. * (e) 250,000 3,583 Landry's Restaurants, Inc. 130,000 3,764 Levitt Corp. 130,000 3,890 M/I Homes, Inc. 30,000 1,689 MarineMax, Inc. * (e) 180,000 6,167 Mikohn Gaming Corp. * (e) 256,692 3,152 New Frontier Media, Inc. * 210,000 1,586 Noble International Ltd. (e) 140,000 3,276 Orange 21, Inc. * 403,540 2,542 Penn National Gaming, Inc. * 105,000 6,338 Quiksilver, Inc. * 170,000 5,370 RARE Hospitality International, Inc. * 20,000 585 Rocky Shoes & Boots, Inc. * 210,000 6,560 Sauer-Danfoss, Inc. 91,861 1,966 Scientific Games Corp. * 280,000 7,201 Standard Pacific Corp. 70,000 5,600 Steiner Leisure Ltd. * (e) 190,000 6,261 Stoneridge, Inc. * 40,900 494 Too, Inc. * 240,000 6,374 ------------ 140,004 ------------ CONSUMER STAPLES (3.2%) BJ's Wholesale Club, Inc. * 149,580 4,573 Central European Distribution Corp. * (e) 137,000 5,277 Central Garden & Pet Co. * (e) 70,000 3,193 Corn Products International, Inc. 71,106 1,989 Cott Corp. * 130,000 3,121 Elizabeth Arden, Inc. * (e) 250,000 6,413 Rayovac Corp. * 200,000 8,600 ------------ 33,166 ------------ ENERGY (3.7%)
Cal Dive International, Inc. * 130,000 6,601 Core Laboratories NV * 230,000 6,185 FMC Technologies, Inc. * 42,103 1,454 Key Energy Services, Inc. * 240,800 3,328 Magnum Hunter Resources, Inc. * (e) 500,000 8,365 Mission Resources Corp. * (e) 390,000 2,660 Tidewater, Inc. (e) 140,000 5,778 Unit Corp. * 100,000 4,578 ------------ 38,949 ------------ FINANCIALS (8.4%) Accredited Home Lenders Holding Co. * (e) 50,000 2,001 Affiliated Managers Group, Inc. * (e) 107,000 6,928 American Safety Insurance Holdings Ltd. * 150,000 2,289 Arch Capital Group Ltd. * 100,000 4,148 Asta Funding, Inc. (e) 120,000 2,537 BankAtlantic Bancorp, Inc. (e) 230,000 4,142 Commercial Capital Bancorp, Inc. (e) 140,000 3,024 Corus Bankshares, Inc. (e) 93,000 4,599 First Cash Financial Services, Inc. * 152,158 3,678 First Niagara Financial Group, Inc (e) 180,000 2,464 Fremont General Corp. (e) 90,000 2,263 Infinity Property & Casualty Corp. 180,000 5,783 Northwest Bancorp, Inc. 90,000 1,931 Phoenix Cos., Inc. (The) 300,000 3,846 Platinum Underwriters Holdings Ltd. 165,000 5,115 R & G Financial Corp., Class B (e) 115,000 4,177 RLI Corp. (e) 67,000 2,901 Santander BanCorp 45,000 1,414 Selective Insurance Group, Inc. 6,660 306 South Financial Group, Inc. (The) (e) 85,000 2,610 United Community Banks, Inc. (e) 90,000 2,241 Universal American Financial Corp. * 250,000 3,933 W Holding Co., Inc. (e) 405,450 4,675 Westcorp (e) 117,000 5,294 Zenith National Insurance Corp. 105,000 5,316 ------------ 87,615 ------------ HEALTH CARE (16.6%) ABIOMED, Inc. * (e) 300,000 3,210 Align Technology, Inc. * (e) 340,000 2,574 AMICAS, Inc. * 400,000 1,584 Aspect Medical Systems, Inc. * 325,000 7,014 Bio-Rad Laboratories, Inc., Class A * 65,000 3,179 Bone Care International, Inc. * 150,000 4,059 Bradley Pharmaceuticals, Inc. * (e) 8,802 86 Connetics Corp. * (e) 320,000 7,920 Dendrite International, Inc. * 290,000 4,454 Genesis Healthcare Corp. * 110,000 4,530 Gentiva Health Services, Inc. * (e) 230,000 3,873 Hologic, Inc. * 175,000 6,466 IDEXX Laboratories, Inc. * 80,000 4,436 Illumina, Inc. * 560,000 4,637 Intuitive Surgical, Inc. * (e) 180,000 8,487 Kensey Nash Corp. * 155,000 5,020 Kos Pharmaceuticals, Inc. * (e) 165,000 5,485 Martek Biosciences Corp. * (e) 135,000 9,044 MGI PHARMA, Inc. * (e) 235,000 5,382 Palomar Medical Technologies, Inc. * (e) 245,000 7,071 Par Pharmaceutical, Inc. * (e) 110,000 4,069 Per-Se Technologies, Inc. * 350,000 5,292 Possis Medical, Inc. * (e) 219,800 2,071
Protein Design Labs, Inc. * 430,000 6,441 Province Healthcare Co. * 250,000 5,770 Renal Care Group, Inc. * (e) 136,000 5,358 Salix Pharmaceuticals Ltd. * (e) 313,650 5,091 SFBC International, Inc. * (e) 210,000 9,124 Sierra Health Services, Inc. * 65,000 4,001 SurModics, Inc. * (e) 200,000 6,430 Third Wave Technologies, Inc. * 607,873 4,152 United Therapeutics Corp. * 160,000 7,269 Ventana Medical Systems, Inc. * (e) 55,000 3,698 Ventiv Health, Inc. * 260,000 6,201 ------------ 173,478 ------------ INDUSTRIALS (18.1%) Actuant Corp. * (e) 175,000 9,458 AMX Corp. * 330,000 7,395 ARGON ST, Inc. * 180,000 5,864 Celadon Group, Inc. * 100,000 2,174 Coinstar, Inc. * (e) 180,000 4,214 Copart, Inc. * 310,000 7,223 Corrections Corp. of America * 109,420 4,119 Covenant Transportation, Inc., Class A * 130,000 2,682 Dycom Industries, Inc. * (e) 205,000 5,525 ElkCorp (e) 175,000 6,717 Encore Wire Corp. * 370,000 4,436 Engineered Support Systems, Inc. 75,000 4,146 Gardner Denver, Inc. * 130,000 5,344 Genlyte Group, Inc. (The) * 80,000 7,186 Gevity HR, Inc. (e) 325,000 5,902 Greenbrier Cos., Inc. (The) (e) 158,153 4,275 Griffon Corp. * (e) 275,000 6,325 II-VI, Inc. * 65,000 2,536 Innovative Solutions & Support, Inc. * 135,000 4,034 Kforce, Inc. * 550,000 6,270 Labor Ready, Inc. * 300,000 5,634 Marten Transport Ltd. * 243,312 5,608 Mercury Computer Systems, Inc. * 140,000 4,120 Mine Safety Appliances Co. 55,000 2,558 Mueller Industries, Inc. (e) 108,000 3,400 Navigant Consulting, Inc. * (e) 320,000 8,240 NCI Building Systems, Inc. * (e) 100,000 3,738 Orbital Sciences Corp. * (e) 300,000 3,141 Overnite Corp. (e) 95,000 3,227 P.A.M. Transportation Services, Inc. * (e) 180,000 3,247 Pacer International, Inc. * (e) 115,000 2,927 Pinnacle Airlines Corp. * 4,859 51 Power-One, Inc. * (e) 540,000 3,143 SI International, Inc. * 166,170 4,226 Simpson Co., Inc. (e) 90,000 3,108 SkyWest, Inc. (e) 245,000 4,182 U.S. Xpress Enterprises, Inc. * 100,000 2,659 Ultralife Batteries, Inc. * (e) 251,000 4,237 Universal Truckload Services, Inc. * (e) 137,500 3,103 Volt Information Sciences, Inc. * 82,000 2,388 Werner Enterprises, Inc. 270,000 5,778 Woodward Governor Co. (e) 59,000 4,318 ------------ 188,858 ------------ INFORMATION TECHNOLOGY (27.2%) 02Micro International Ltd. * (e) 148,520 1,594 Aeroflex, Inc. * 430,000 4,369 Aladdin Knowledge Systems Ltd. * 190,000 3,986 American Software, Inc. 450,272 2,697
ANSYS, Inc. * 180,000 6,473 Anteon International Corp. * 160,000 6,074 ATMI, Inc. * (e) 140,000 3,811 AuthentiDate Holding Corp. * 350,000 1,764 BEI Technologies, Inc. 150,000 4,115 Bottomline Technologies (de), Inc. * 225,000 2,936 CACI International, Inc. * 82,000 4,425 Captiva Software Corp. * 555,000 6,748 Carrier Access Corp. * (e) 370,000 2,575 ChipMOS TECHNOLOGIES (Bermuda)Ltd. * (e) 817,402 4,291 CIBER, Inc. * (e) 300,000 2,247 Click Commerce, Inc. * (e) 335,000 4,573 Credence Systems Corp. (b) * 580,000 5,087 Cypress Semiconductor Corp. * (e) 400,000 5,632 Digi International, Inc. * 490,000 7,398 Ditech Communications Corp. * 440,000 5,526 Dot Hill Systems Corp. * 200,000 1,262 EarthLink, Inc. * 390,000 3,405 Epicor Software Corp. * 370,000 5,728 Euronet Worldwide, Inc. * 160,000 4,146 FEI Co. * (e) 130,000 3,218 Global Payments, Inc. (e) 80,000 4,442 Hutchinson Technology, Inc. * (e) 100,000 3,266 Hypercom Corp. * 531,587 2,498 Hyperion Solutions Corp. * (e) 100,000 5,048 InfoCrossing, Inc. * 390,000 7,315 Integrated Device Technology, Inc. * 340,000 4,253 IXYS Corp. * 360,000 3,722 Jupitermedia Corp. * (e) 380,000 5,107 M-Systems Flash Disk Pioneers Ltd. * (e) 230,000 5,433 Magma Design Automation, Inc. * 360,000 4,734 Measurement Specialties, Inc. * 100,000 2,530 Merix Corp. * 255,000 2,588 Metrologic Instruments, Inc. * (e) 234,930 5,535 MicroStrategy, Inc., Class A * (e) 110,000 7,778 MIPS Technologies, Inc. * 267,502 2,959 Moldflow Corp. * 120,000 2,017 Network Technology PLC * 350,000 2,506 NICE Systems Ltd. * 245,000 8,297 OmniVision Technologies, Inc. * (e) 100,000 2,021 Orbotech Ltd. * 150,000 3,428 PC Connection, Inc. * 351,350 2,695 Performance Technologies, Inc. * 447,000 4,162 Radyne ComStream, Inc. * 490,000 4,469 ROFIN-SINAR Technologies, Inc. * 215,000 7,879 Rogers Corp. * (e) 140,000 6,392 Silicon Image, Inc. * 365,000 4,205 Silicon Storage Technology, Inc. * (e) 200,000 924 Skyworks Solutions, Inc. * (e) 350,815 2,547 SM&A * 520,000 4,160 SS&C Technologies, Inc. (e) 212,000 5,113 Symmetricom, Inc. * 400,000 4,240 Synaptics, Inc. * 150,000 3,584 TeleCommunication Systems, Inc. * (e) 850,000 2,168 THQ, Inc. * (e) 90,000 2,461 TransAct Technologies, Inc. * (e) 250,000 4,448 Transaction Systems Architects, Inc. * 149,000 3,484 Trimble Navigation Ltd. * (e) 150,000 5,403 TTI Team Telecom International Ltd. * (e) 135,400 291 Ultimate Software Group, Inc. (The) * 562,000 7,564 Verint Systems, Inc. * (e) 150,000 5,920
Westell Technologies, Inc., Class A * (e) 270,000 1,696 Western Digital Corp. * (e) 480,000 5,405 Witness Systems, Inc. * (e) 300,000 5,613 ------------ 284,380 ------------ MATERIALS (4.6%) Agrium, Inc. 198,211 3,588 Aleris International, Inc. * (e) 320,000 6,422 Commercial Metals Co. 120,000 4,176 Florida Rock Industries, Inc. (e) 85,000 5,454 Georgia Gulf Corp. 110,000 5,809 Gibraltar Industries, Inc. (e) 240,000 5,921 Metal Management, Inc. 170,000 5,037 Silgan Holdings, Inc. 80,000 5,318 Texas Industries, Inc. 100,000 6,671 ------------ 48,396 ------------ TOTAL COMMON STOCKS (COST $793,436) 996,362 ------------ PREFERRED STOCKS (0.1%) CONSUMER DISCRETIONARY (0.1%) Fedders Corp. (e) 21,500 538 ------------ TOTAL PREFERRED STOCKS (COST $510) 538 ------------ WARRANTS (0.1%) INFORMATION TECHNOLOGY (0.1%) InfoCrossing, Inc. * 139,109 1,516 ------------ TOTAL WARRANT (COST $6) 1,516 ------------ CORPORATE BONDS (0.1%) COPPER FOUNDRIES (0.1%) Mueller Industries, Inc., 6.000%, $ 1,147 1,144 11/01/14 Callable 05/16/05 @ 105 ------------ TOTAL CORPORATE BONDS (COST $1,147) 1,144 ------------ SHORT-TERM INVESTMENTS (24.1%) Boston Global Investment Trust - Enhanced Portfolio (m) 52,233,000 252,233 ------------ TOTAL SHORT-TERM INVESTMENTS (COST $252,233) 252,233 ------------ REPURCHASE AGREEMENT (4.5%) BNP Paribas, 2.585% dated 02/28/05, to be repurchased on 03/01/05, repurchase price $46,547,838 (collateralized by FHLB Obligations 3.750% 08/15/08; total market value $46,545,503 46,544 46,544 ------------ TOTAL REPURCHASE AGREEMENT (COST $46,544) 46,544 ------------ TOTAL INVESTMENTS (COST $1,093,876) (a) - 124.1% 1,296,821 LIABILITIES IN EXCESS OF OTHER ASSETS - (24.1)% (252,174) ------------ NET ASSETS - 100.0% $ 1,044,647 ============
------------ SEE NOTES TO SCHEDULE OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS SMALL CAP VALUE EQUITY FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE ------ ----- COMMON STOCKS (99.2%) CONSUMER DISCRETIONARY (21.7%) ArvinMeritor, Inc. (e) 282,900 $ 4,770 Bassett Furniture Industries, Inc. (e) 227,100 4,326 Benetton Group SpA ADR 239,100 5,875 Books-A-Million, Inc. 400,800 3,571 BorgWarner Transmission Systems, Inc. (e) 270,000 14,242 CBRL Group, Inc. (e) 393,100 16,828 Fairmont Hotels & Resorts, Inc. 390,500 12,551 Grupo Elektra, SA de CV ADR (e) 258,900 8,909 Intrawest Corp. 478,000 9,206 K-Swiss, Inc., Class A (e) 436,100 13,518 Lithia Motors, Inc. (e) 406,100 10,668 Makita Corp. ADR (e) 522,854 9,992 Marine Products Corp. (e) 57,384 1,632 Movado Group, Inc. 635,100 11,826 Natuzzi SpA ADR 283,000 3,110 Nautilus Group, Inc. (The) (e) 355,100 7,869 Pep Boys-Manny, Moe & Jack (The) (e) 123,500 2,233 Ritchie Bros. Auctioneers, Inc. 130,000 4,029 Snap-on, Inc. (e) 279,600 9,255 Sturm, Ruger & Co., Inc. (e) 138,400 1,095 United Auto Group, Inc. 339,900 9,476 Winnebago Industries, Inc. (e) 283,100 10,008 -------------- 174,989 -------------- CONSUMER STAPLES (4.0%) Church & Dwight Co., Inc. 380,950 13,474 Ingles Markets, Inc., Class A 86,300 1,123 J.M. Smucker Co. (The) (e) 204,943 10,075 Molson Coors Brewing Co., Class B 105,700 7,349 -------------- 32,021 -------------- ENERGY (3.2%) CHC Helicopter Corp. 406,700 19,278 Tenaris SA ADR 104,273 6,856 -------------- 26,134 -------------- FINANCIALS (15.2%) American Financial Group, Inc. (e) 210,900 6,430 BankAtlantic Bancorp, Inc. (e) 412,400 7,427 Banner Corp. 119,700 3,537 City National Corp. (e) 108,600 7,434 Cohen & Steers, Inc. 350,830 6,452 Colonial BancGroup, Inc. (The) (e) 356,000 7,252 Glacier Bancorp, Inc. (e) 193,746 6,134 HCC Insurance Holdings, Inc. (e) 295,600 11,085 Horizon Financial Corp. (e) 241,406 5,070 Hub International Ltd. 655,100 12,931
International Bancshares Corp. (e) 97,500 3,556 Jefferies Group, Inc. (e) 150,300 5,735 National Interstate Corp. * (e) 24,779 444 PXRE Group Ltd. (e) 179,600 4,670 Scottish Re Group Ltd. (e) 181,900 4,256 Seacoast Banking Corp. of Florida (e) 226,500 4,485 StanCorp Financial Group, Inc. 173,000 15,066 Washington Federal, Inc. 211,104 5,014 West Coast Bancorp (e) 238,153 5,859 -------------- 122,837 -------------- HEALTH CARE (8.4%) Chemed Corp. (e) 146,500 10,460 Cooper Cos., Inc. (The) 318,900 26,261 Invacare Corp. (e) 154,100 7,261 Mentor Corp. (e) 420,500 14,558 Perrigo Co. 517,700 9,096 -------------- 67,636 -------------- INDUSTRIALS (20.2%) ABM Industries, Inc. (e) 352,400 6,530 ADESA, Inc. (e) 296,269 6,687 American Woodmark Corp. 14,048 517 Apogee Enterprises, Inc. (e) 395,300 5,530 Baldor Electric Co. (e) 320,400 8,330 Briggs & Stratton Corp. (e) 248,400 9,792 Brink's Co. (The) 506,000 17,538 CP Ships Ltd. 877,600 12,111 Cummins, Inc. (e) 176,000 12,920 ElkCorp (e) 127,200 4,882 Embraer-Empresa Brasileira de Aeronautica SA ADR 234,516 7,917 Engineered Support Systems, Inc. (e) 110,100 6,086 Harsco Corp. 168,600 9,848 Lan Airlines SA ADR 302,500 10,727 Lennox International, Inc. (e) 363,889 7,867 LSI Industries, Inc. (e) 520,887 5,824 Oshkosh Truck Corp. (e) 137,900 10,294 Quixote Corp. (e) 399,200 7,118 Tecumseh Products Co., Class A (e) 80,800 3,317 Valmont Industries, Inc. (e) 358,200 9,027 -------------- 162,862 -------------- INFORMATION TECHNOLOGY (13.3%) Factset Research Systems, Inc. (e) 407,400 13,440 Fair Isaac Corp. (e) 510,900 17,268 Harris Corp. (e) 384,228 25,628 Helix Technology Corp. 319,400 5,500 Keithley Instruments, Inc. (e) 257,100 4,258 Lowrance Electronics, Inc. 187,000 5,608 Nam Tai Electronics, Inc. (e) 414,000 10,081 Reynolds & Reynolds Co. (The), Class A (e) 909,500 25,166 -------------- 106,949 -------------- MATERIALS (12.0%) Agnico-Eagle Mines Ltd. 470,200 6,804 Airgas, Inc. (e) 596,900 14,983 Arch Coal, Inc. (e) 229,200 10,220 Cambrex Corp. (e) 419,400 9,516 Companhia Siderurgica Nacional ADR (e) 242,400 6,249 Peabody Energy Corp. (e) 178,900 17,372 Sappi Ltd. ADR 455,700 6,115
Sociedad Quimica y Minera de Chile SA ADR 75,500 5,632 United States Steel Corp. 141,200 8,805 Valspar Corp. (The) (e) 241,700 11,154 -------------- 96,850 -------------- UTILITIES (1.2%) Companhia de Saneamento Basico ADR 648,100 9,786 -------------- TOTAL COMMON STOCKS (COST $557,100) 800,064 -------------- SHORT-TERM INVESTMENTS (26.4%) Boston Global Investment Trust - Enhanced Portfolio (m) 213,288,242 213,288 -------------- TOTAL SHORT-TERM INVESTMENTS (COST $213,288) 213,288 -------------- REPURCHASE AGREEMENT (0.9%) Lehman Brothers, Inc., 2.555% dated 7,086 02/28/05, to be repurchased on 03/01/05, repurchase price $7,086,232 (collateralized by FNMA obligations; 5.00%-6.00%, 02/01/20-01/01/35; total market value $7,227,569) $ 7,086 7,086 -------------- TOTAL REPURCHASE AGREEMENT (COST $7,086) 7,086 -------------- TOTAL INVESTMENTS (COST $777,474) (a) - 126.5% 1,020,438 LIABILITIES IN EXCESS OF OTHER ASSETS - (26.5)% (213,591) -------------- NET ASSETS - 100.0% $ 806,847 ==============
------------ SEE NOTES TO SCHEDULE OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS STRATEGIC QUANTITATIVE EQUITY FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE ------ ----- COMMON STOCKS (99.9%) CONSUMER DISCRETIONARY (16.6%) Abercrombie & Fitch Co., Class A 8,982 $ 482 Bed Bath & Beyond, Inc. * 13,885 521 Boyd Gaming Corp. 9,815 481 Building Materials Holding Corp. 8,858 409 Carnival Corp 9,476 515 Centex Corp. 8,039 511 Chico's FAS, Inc. * 16,833 496 Coach, Inc. * 9,159 509 D.R. Horton, Inc. 10,819 473 Darden Restaurants, Inc. 18,883 506 Fortune Brands, Inc. 6,356 515 Guitar Center, Inc. * 4,273 259 Harman International Industries, Inc. 4,278 480 Hovnanian Enterprises, Inc. * 8,571 471 KB Home 4,108 513 Lennar Corp., Class A 7,814 475 Liz Claiborne, Inc. 12,219 517 M. D. C. Holdings, Inc. 6,025 480 McDonald's Corp. 15,736 521 Meritage Homes Corp. * 6,397 468 NIKE, Inc., Class B 5,948 517 Nordstrom, Inc. 9,798 527 NVR, Inc. * 604 479 Polaris Industries, Inc. 6,790 474 Pulte Homes, Inc. 6,607 515 Ryland Group, Inc. (The) 6,799 473 Standard Pacific Corp. 5,923 474 Starbucks Corp. * 10,142 525 Time Warner, Inc. * 30,368 523 Toll Brothers, Inc. * 5,427 478 Urban Outfitters, Inc. * 11,647 484 VF Corp. 8,698 520 --------- 15,591 --------- CONSUMER STAPLES (4.6%) Anheuser-Busch Cos., Inc. 11,307 537 Archer Daniels Midland Co. 22,193 535 BJ's Wholesale Club, Inc. * 18,023 551 Nash Finch Co. 13,597 539 Procter & Gamble Co. (The) 9,909 526 Ralcorp Holdings, Inc. * 11,600 540 Ruddick Corp. 22,854 539 Wal-Mart Stores, Inc. 10,429 538 --------- 4,305 --------- ENERGY (19.3%) Ashland, Inc. 28,552 1,864 Cimarex Energy Co. * 28,420 1,156 ConocoPhillips 16,399 1,818
Frontier Oil Corp. 29,999 962 Lone Star Technologies, Inc. * 24,542 1,112 Maverick Tube Corp. * 31,796 1,131 Occidental Petroleum Corp. 25,793 1,812 Patina Oil & Gas Corp. 28,632 1,153 Stone Energy Corp. * 22,838 1,147 Sunoco, Inc. 18,697 1,853 Unit Corp. * 25,521 1,168 Valero Energy Corp. 25,262 1,800 Vintage Petroleum, Inc. 37,862 1,124 --------- 18,100 --------- FINANCIALS (12.3%) Allmerica Financial Corp. * 15,935 570 Allstate Corp. (The) 7,221 388 Bear Stearns Cos., Inc. 3,932 391 Chubb Corp. (The) 4,859 384 CIT Group, Inc. 9,566 386 Delphi Financial Group, Inc. 1,200 53 Downey Financial Corp. 9,276 581 E*TRADE Financial Corp. * 28,722 381 First BanCorp 12,270 577 Goldman Sachs Group, Inc. (The) 3,522 383 Hartford Financial Services Group, Inc., (The) 5,319 383 Horace Mann Educators Corp. 26,337 494 Lehman Brothers Holdings, Inc. 4,201 383 Lowe's Cos., Inc. 5,370 383 MGIC Investment Corp. 6,087 382 Ohio Casualty Corp. * 23,739 573 Philadelphia Consolidated Holding Corp. * 7,673 584 Providian Financial Corp. * 22,808 391 Prudential Financial, Inc. 6,697 382 Safeco Corp. 8,061 384 Selective Insurance Group, Inc. 12,508 575 St. Paul Travelers Cos., Inc. (The) 9,993 383 UICI 20,408 560 Unitrin, Inc. 12,508 587 W.R. Berkley Corp. 11,272 579 XL Capital Ltd., Class A 5,170 388 --------- 11,505 --------- HEALTH CARE (7.3%) Becton, Dickinson & Co. 5,782 346 C.R. Bard, Inc. 5,117 340 Chemed Corp. 5,302 379 CIGNA Corp. 3,796 345 Coventry Health Care, Inc. * 6,099 385 Genzyme Corp. * 6,013 337 Haemonetics Corp. * 9,311 386 Intermagnetics General Corp. * 15,057 397 Invitrogen Corp. * 5,406 378 Johnson & Johnson 5,241 344 Mentor Corp. 11,206 388 ResMed, Inc. * 6,511 384 St. Jude Medical, Inc. * 8,673 339 SurModics, Inc. * 11,824 380 UnitedHealth Group, Inc. 3,796 346 Varian Medical Systems, Inc. * 10,708 385 Waters Corp. * 7,023 343 WellPoint, Inc. * 2,834 346 Zimmer Holdings, Inc. * 4,039 347 ---------
6,895 --------- INDUSTRIALS (24.9%) American Standard Cos., Inc. 23,925 1,096 Artesyn Technologies, Inc. * 74,947 776 Burlington Northern Santa Fe Corp. 22,037 1,108 Consolidated Graphics, Inc. * 12,998 677 CSX Corp. 26,666 1,102 Cummins, Inc. 15,058 1,105 DRS Technologies, Inc. * 18,288 755 Educational Management Corp. * 8,791 258 Flowserve Corp. * 4,600 115 Harsco Corp. 13,341 779 Insurance Auto Auctions, Inc. * 30,331 844 J. B. Hunt Transport Services, Inc. 16,728 789 John H. Harland Co. 20,944 769 Knight Transportation, Inc. 29,979 792 Korn/Ferry International * 33,916 651 Labor Ready, Inc. * 35,347 664 Mesa Air Group, Inc. * 101,928 760 Mobile Mini, Inc. * 17,277 643 Norfolk Southern Corp. 30,527 1,096 Oshkosh Truck Corp. 10,359 773 Pitney Bowes, Inc. 24,289 1,114 R.R. Donnelley & Sons Co. 33,552 1,113 Raytheon Co. 28,945 1,107 Ryder System, Inc. 25,983 1,103 Swift Transportation Co., Inc. * 32,530 772 Teledyne Technologies, Inc. * 24,581 752 Textron, Inc. 14,179 1,097 Yellow Roadway Corp. * 12,471 720 --------- 23,330 --------- INFORMATION TECHNOLOGY (8.9%) ANSYS, Inc. * 5,768 207 Apple Computer, Inc. * 9,004 403 Ascential Software Corp. * 13,558 210 Autodesk, Inc. 8,729 259 Belden CDT, Inc. 8,847 213 Catapult Communications Corp. * 8,522 205 CheckFree Corp. * 5,480 211 Citrix Systems, Inc. * 11,863 267 Cognizant Technology Solutions Corp., Class A * 4,377 207 Coherent, Inc. * 6,914 210 Compuware Corp. * 38,955 263 Comverse Technology, Inc. * 11,154 259 EMC Corp. * 20,390 258 Filenet Corp. * 8,923 209 Gateway 2000, Inc. * 56,738 267 Harmonic Lightwaves, Inc. * 18,981 208 Harris Corp. 3,112 208 JDA Software Group, Inc. * 17,846 240 Kronos, Inc. * 3,728 208 McDATA Corp. * 52,198 205 Mercury Interactive Corp. * 5,613 258 NVIDIA Corp. * 9,062 263 Oracle Corp. * 19,923 257 Parametric Technology Corp. * 44,999 259 Phoenix Technologies Ltd. * 21,090 210 Retek, Inc. * 34,799 292 Siebel Systems, Inc. * 30,000 256 Storage Technology Corp. * 6,484 206
Symantec Corp. * 12,027 265 Synaptics Inc. * 8,592 205 Tektronix, Inc. 8,877 257 THQ, Inc. * 7,648 209 VERITAS Software Corp. * 10,920 264 Wind River Systems, Inc. * 15,466 208 Yahoo!, Inc. * 8,233 266 --------- 8,392 --------- MATERIALS (6.0%) Air Products & Chemicals, Inc. 17,679 1,107 Albemarle Corp. 19,960 758 Lubrizol Corp. (The) 17,614 751 OM Group, Inc. * 23,964 764 PPG Industries, Inc. 15,326 1,103 Rohm & Haas Co. 22,848 1,101 --------- 5,584 --------- TOTAL COMMON STOCKS (COST $86,542) 93,702 --------- REPURCHASE AGREEMENTS (0.2%) Merrill Lynch & Co., Inc., 2.535% dated 02/28/05, 191 to be repurchased on 03/01/05, repurchase price 191,442 (collateralized by FNMS Obligations; 5.000%, 9/01/18 total market value $198,276) $ 191 191 --------- TOTAL REPURCHASE AGREEMENTS (COST $191) 191 --------- TOTAL INVESTMENTS (COST $86,733) (a) - 100.1% 93,893 LIABILITIES IN EXCESS OF OTHER ASSETS - (0.1)% (70) --------- NET ASSETS - 100.0% $ 93,823 =========
------------ SEE NOTES TO SCHEDULE OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS TAX SENSITIVE GROWTH STOCK FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE ------ ----- COMMON STOCKS (97.7%) CONSUMER DISCRETIONARY (16.6%) eBay, Inc. * 44,000 1,885 Fortune Brands, Inc. 23,000 1,863 Home Depot, Inc. (The) 79,000 3,162 J. C. Penney Co., Inc. 65,000 2,892 Kohl's Corp. * 35,000 1,675 Liz Claiborne, Inc. 85,000 3,596 Marriott International, Inc., Class A 27,000 1,731 NIKE, Inc., Class B 23,000 2,000 Staples, Inc. 130,000 4,097 Target Corp. 76,500 3,888 Walt Disney Co. (The) 93,500 2,612 --------- 29,401 --------- CONSUMER STAPLES (6.0%) PepsiCo, Inc. 73,000 3,933 Procter & Gamble Co. (The) 71,000 3,769 Sara Lee Corp. 23,000 515 Wal-Mart Stores, Inc. 44,884 2,316 --------- 10,533 --------- ENERGY (9.5%) Apache Corp. 71,250 4,480 ChevronTexaco Corp. 73,000 4,532 Exxon Mobil Corp. 123,000 7,787 --------- 16,799 --------- FINANCIALS (13.1%) American Express Co. 53,180 2,880 Goldman Sachs Group, Inc. (The) 9,000 979 Legg Mason, Inc. 20,000 1,613 Marshall & Ilsley Corp. 88,000 3,563 MBNA Corp. 137,700 3,493 SLM Corp. 75,000 3,661 U.S. Bancorp 115,000 3,421 Wells Fargo & Co. 59,000 3,503 --------- 23,113 --------- HEALTH CARE (19.5%) Becton, Dickinson & Co. 31,000 1,856 Biomet, Inc. 81,000 3,420 C. R. Bard, Inc. 33,000 2,195 Johnson & Johnson 89,732 5,885 Medtronic, Inc. 69,063 3,600 Patterson Cos., Inc. * 70,000 3,473 Pfizer, Inc. 64,093 1,685 St. Jude Medical, Inc. * 81,000 3,167 Stryker Corp. 35,000 1,738 UnitedHealth Group, Inc. 52,100 4,749 Waters Corp. * 23,000 1,124
Zimmer Holdings, Inc. * 17,000 1,460 --------- 34,352 --------- INDUSTRIALS (15.1%) Danaher Corp. 73,000 3,954 Eaton Corp. 39,000 2,720 Emerson Electric Co. 36,000 2,388 General Dynamics Corp. 23,000 2,423 General Electric Co. 194,844 6,859 Illinois Tool Works, Inc. 17,000 1,526 ITT Industries, Inc. 44,000 3,870 Raytheon Co. 62,000 2,371 United Parcel Service, Inc., Class B 6,600 511 --------- 26,622 --------- INFORMATION TECHNOLOGY (14.6%) Amdocs Ltd. * 36,000 1,057 CDW Corp. 41,000 2,356 Cisco Systems, Inc. * 164,179 2,860 Computer Sciences Corp. * 25,000 1,156 Dell, Inc. * 68,000 2,726 Intel Corp. 67,086 1,609 International Business Machines Corp. 25,000 2,315 Microsoft Corp. 230,056 5,792 Oracle Corp. * 272,808 3,522 VeriSign, Inc. * 30,000 823 Zebra Technology Corp., Class A * 33,150 1,653 --------- 25,869 --------- MATERIALS (3.3%) Air Products & Chemicals, Inc. 44,000 2,755 Praxair, Inc. 68,000 3,049 --------- 5,804 --------- TOTAL COMMON STOCKS (COST $132,976) 172,493 --------- WARRANTS (0.0%) Lucent Technologies, Inc. * 22,693 20 --------- TOTAL WARRANTS (COST $0) 20 --------- REPURCHASE AGREEMENTS (1.6%) BNP Paribas, 2.585% dated 02/28/05, 2,826 to be repurchased on 03/01/05, repurchase price $2,826,178 (collateralized by FHLB obligations at 0.00%, 07/26/05; total market value $2,882,984) $ 2,826 2,826 --------- TOTAL REPURCHASE AGREEMENTS (COST $2,826) 2,826 --------- TOTAL INVESTMENTS (COST $135,802) (a) - 99.3% 175,339 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.7% 1,257 --------- NET ASSETS - 100.0% 176,596 =========
------------ SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS VALUE INCOME STOCK FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE ------ ----- COMMON STOCKS (94.7%) CONSUMER DISCRETIONARY (12.4%) 3M Co. (e) 245,600 $ 20,616 Dollar General Corp. 520,000 11,040 Dow Jones & Co., Inc. 373,700 13,864 Gannett Co., Inc. 193,400 15,230 Lear Corp. 178,200 9,293 Mattel, Inc. 538,500 11,265 May Department Stores Co. (The) 284,350 9,813 Newell Rubbermaid, Inc. (e) 493,368 10,997 Viacom, Inc., Class B 337,150 11,767 ------------- 113,885 ------------- CONSUMER STAPLES (8.6%) Colgate-Palmolive Co. 303,600 16,067 General Mills, Inc. 185,150 9,696 H.J. Heinz Co. 272,650 10,263 Kimberly-Clark Corp. 225,400 14,872 Kraft Foods, Inc., Class A 329,200 11,012 PepsiCo, Inc. 314,150 16,919 ------------- 78,829 ------------- ENERGY (7.4%) BP PLC ADR 201,500 13,081 ChevronTexaco Corp. 267,650 16,616 Exxon Mobil Corp. 267,750 16,952 Kerr-McGee Corp. 47,263 3,670 Marathon Oil Corp. 302,350 14,313 Unocal Corp. 67,755 3,666 ------------- 68,298 ------------- FINANCIALS (26.8%) A.G. Edwards, Inc. 238,500 10,282 Alliance Capital Management Holding LP 169,809 7,986 American Express Co. 126,900 6,872 AmSouth Bancorp 356,542 8,906 Astoria Financial Corp. (e) 182,650 6,864 Bank of America Corp. 345,150 16,101 Bank of New York Co., Inc. (The) 449,650 13,602 Citigroup, Inc. 416,000 19,852 Colonial BancGroup, Inc. (The) 271,000 5,520 Comerica, Inc. 251,665 14,365 Goldman Sachs Group, Inc. (The) 96,000 10,445 J.P. Morgan Chase & Co. 367,550 13,434 Lehman Brothers Holdings, Inc. 171,200 15,610 MBIA, Inc. 161,850 9,484 Mellon Financial Corp. 530,100 15,203 Merrill Lynch & Co., Inc. 256,400 15,020 Northern Trust Corp. (e) 228,400 9,650 PNC Financial Services Group, Inc. (The) 189,450 9,973
Provident Financial Services, Inc. 251,400 4,480 Safeco Corp. 307,176 14,649 South Financial Group, Inc. (The) 226,968 6,968 UnionBanCal Corp. 179,598 11,117 ------------- 246,383 ------------- HEALTH CARE (5.3%) Abbott Laboratories 332,750 15,303 Hillenbrand Industries, Inc. 163,096 9,200 Johnson & Johnson 151,750 9,955 Wyeth 345,200 14,091 ------------- 48,549 ------------- INDUSTRIALS (12.7%) Avery Dennison Corp. 163,808 9,943 Cintas Corp. 210,850 9,231 Dover Corp. 354,750 13,718 Emerson Electric Co. 209,700 13,907 General Electric Co. 541,600 19,065 Honeywell International, Inc. 493,450 18,737 Lockheed Martin Corp. 239,400 14,177 Pall Corp. 266,131 7,204 Parker Hannifin Corp. 60,750 3,997 Pitney Bowes, Inc. 147,648 6,771 ------------- 116,750 ------------- INFORMATION TECHNOLOGY (5.7%) Automatic Data Processing, Inc. 237,600 10,207 Diebold, Inc. 176,150 9,401 Harris Corp. 54,650 3,645 Intersil Corp., Class A 461,950 7,788 Microsoft Corp. 170,500 4,293 Nokia Corp. ADR 651,500 10,516 Tektronix, Inc. 230,800 6,675 ------------- 52,525 ------------- MATERIALS (8.2%) Air Products & Chemicals, Inc. 166,150 10,404 Alcoa, Inc. 331,000 10,632 E.I. du Pont de Nemours & Co. 308,000 16,416 International Paper Co. 355,950 13,295 Rohm & Haas Co. 212,900 10,255 Sappi Ltd. ADR 557,135 7,477 Valspar Corp. (The) 146,750 6,773 ------------- 75,252 ------------- TELECOMMUNICATION SERVICES (4.9%) BellSouth Corp. 700,850 18,082 Sprint Corp. 368,800 8,733 Verizon Communications, Inc. 506,610 18,223 ------------- 45,038 ------------- UTILITIES (2.7%) Dominion Resources, Inc. 65,250 4,700 NiSource, Inc. 198,850 4,502 Pepco Holdings, Inc. 201,588 4,443 Southern Co. 202,850 6,515 Xcel Energy, Inc. (e) 252,480 4,474 ------------- 24,634 ------------- TOTAL COMMON STOCKS (COST $762,780) 870,143 ------------- SHORT-TERM INVESTMENTS (1.5%) Boston Global Investment Trust - Enhanced Portfolio (f) 13,512,675 13,513 -------------
TOTAL SHORT-TERM INVESTMENTS (COST $13,513) 13,513 ----------- REPURCHASE AGREEMENTS (3.5%) Merrill Lynch & Co., Inc., 2.535% dated 02/28/05, to be repurchased on 03/01/05, repurchase price $32,342,640 (collateralized by FNMA obligations 5.500%-6.000% 03/01/24-08/01/34; total market value $32,989,360) $ 32,340 32,340 ----------- TOTAL REPURCHASE AGREEMENTS (COST $32,340) 32,340 ----------- TOTAL INVESTMENTS (COST $808,633) (a) - 99.7% 915,996 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.3% 2,672 ----------- NET ASSETS - 100.0% $ 918,668 ===========
------------ SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS CLASSIC INSTITUTIONAL U.S. GOVERNMENT SECURITITES SUPER SHORT INCOME PLUS FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE ----------- ----------- ASSET BACKED SECURITIES (8.5%) DIVERSIFIED FINANCIAL SERVICES (8.5%) College Loan Corp. Trust, Ser 2005-1,Class A1, 2.730%, 01/25/14 (f) $ 750 $ 750 Collegiate Funding Services Education Loan, Ser 2003-B, Class A6, 2.550%, 12/28/43 (f) 750 750 Education Loans, Inc., Ser 2003-1, Class A, 2.650%, 12/01/35 (f) 750 750 KeyCorp Student Loan Trust, Ser 2004-A, Class 1A1, 2.740%, 04/27/17 742 742 Nelnet Student Loan Corp., Ser 2002-A, Class A7, 2.570%, 06/01/35 (f) 750 750 SLM Student Loan Trust, Ser 2003-11, Class A1, 2.490%, 09/15/09 (f) 58 58 SLM Student Loan Trust, Ser 2004-2, Class A2, 2.720%, 04/25/13 (f) 1,750 1,749 ----------- TOTAL ASSET BACKED SECURITIES (COST $5,550) 5,549 ----------- CORPORATE BONDS (1.1%) DIVERSIFIED FINANCIAL SERVICES (1.1%) Education Funding Capital Trust I, Ser A1-8, 2.650%, 06/01/42 (f) 750 750 ----------- TOTAL CORPORATE BONDS (COST $750) 750 ----------- TAXABLE MUNICIPAL BONDS (3.4%) CALIFORNIA (1.1%) Chela Financial USA, Inc., Student Loans, Ser 2002E-6, RB, 2.630%, 12/01/37 (f) 750 750 ----------- WASHINGTON (2.3%) Student Loan Finance Association, Guaranteed Student Loans Ser A-7, RB, 2.610%, 06/01/38, (f) 750 750 Student Loan Finance Association, Guaranteed Student Loans Ser A-8, RB, 2.650%, 06/01/38, (f) 750 750 ----------- 1,500 ----------- TOTAL TAXABLE MUNICIPAL BONDS (COST $2,250) 2,250 ----------- U.S. GOVERNMENT AGENCIES (83.1%) FANNIE MAE (38.0%) 2.460%, 03/23/05 (f) 2,000 2,000 1.750%, 05/23/05 1,000 998 2.308%, 09/06/05 (f) 2,500 2,498
2.742%, 10/07/05 (f) 3,000 2,999 2.330%, 12/09/05 (f) 2,500 2,499 3.750%, 05/17/07, Callable 05/17/05 @ 100 350 349 6.942%, 08/01/07 (f) 318 335 3.000%, 08/15/07 350 343 6.000%, 07/25/08 Ser 1993-1997, Class PH 165 165 4.500%, 04/01/10 1,036 1,040 4.500%, 11/25/14 Ser 2003-18, Class DA (f) 102 102 4.000%, 11/25/16 Ser 2003-9, Class UA 432 431 3.000%, 06/25/19 1,040 1,024 5.101%, 05/01/32 (f) 726 742 3.250%, 11/25/32 465 461 3.476%, 04/01/33 (f) 1,034 1,052 3.171%, 05/01/33 (f) 857 866 3.818%, 06/01/33 (f) 1,795 1,801 3.679%, 08/01/33 (f) 999 986 3.859%, 09/01/33 (f) 711 724 3.743%, 10/01/33 (f) 840 864 3.364%, 01/01/34 (f) 560 565 4.336%, 03/01/34 (f) 966 957 4.357%, 03/01/34 (f) 1,069 1,075 ----------- 24,876 ----------- FEDERAL FARM CREDIT BANK (9.1%) 2.580%, 04/29/05 (f) 2,000 2,000 2.125%, 08/15/05 1,490 1,484 2.520%, 12/01/06 (f) 2,500 2,499 ----------- 5,983 ----------- FEDERAL HOME LOAN BANK (4.6%) 1.450%, 03/11/05 1,000 1,000 1.625%, 06/15/05 2,000 1,993 ----------- 2,993 ----------- FREDDIE MAC (30.7%) 2.349%, 03/08/05 (c) 4,000 3,997 2.685%, 05/10/05 (c) 1,000 995 2.415%, 09/09/05 (f) 2,500 2,500 2.550%, 10/07/05 (f) 2,000 2,000 2.725%, 11/07/05 (f) 2,500 2,501 2.000%, 02/23/06 350 345 7.200%, 10/01/06 14 15 4.000%, 11/15/06 134 134 2.400%, 03/29/07 350 341 4.500%, 03/01/08 930 939 4.000%, 06/01/08 572 572 5.000%, 05/15/11, Class BA 195 195 4.000%, 11/15/11 743 744 3.750%, 12/15/11, Class AB (f) 461 457 5.000%, 04/15/13, Class MF 287 289 5.000%, 02/15/14, Class AB 706 713 4.500%, 05/15/14, Class NM 119 120 5.500%, 12/15/15 339 344 5.000%, 04/15/16, Class LB 197 197 3.500%, 05/15/19, Class AU 526 523 5.000%, 12/15/20, Class NA (f) 616 625 4.000%, 04/15/21, Class PJ (f) 330 329 3.500%, 12/15/21, Class HA 16 16 3.344%, 07/01/33 (f) (b) 0 0
3.678%, 08/01/33 (f) 1,001 1,000 5.018%, 04/01/34 (f) 235 240 ----------- 20,131 ----------- GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (0.3%) 4.000%, 10/20/21 181 181 ----------- TENNESSEE VALLEY AUTHORITY STRIPS (0.4%) Tennessee Valley Authority, 3.355%, 10/15/05 (c) 300 294 ----------- TOTAL U.S. GOVERNMENT AGENCIES (COST $54,628) 54,458 ----------- REPURCHASE AGREEMENTS (3.5%) Merrill Lynch & Co., Inc., 2.535% , dated 02/28/05, to be repurchased on 03/01/05, repurchase price $1,188,423 (collateralized by U.S. Government obligations, 5.000% due 09/01/18; total market value $1,213,447) 1,188 1,188 UBS Warburg LLC, 2.575% , dated 02/28/05, to be repurchased on 03/01/05, repurchase price $1,121,054 (collateralized by U.S. Government obligations, 5.500% due 12/15/31; total market value $ 1,145,567) 1,121 1,121 ----------- TOTAL REPURCHASE AGREEMENTS (COST $2,309) 2,309 ----------- MONEY MARKET FUNDS (0.3%) Dreyfus Government Cash Management Money Market Fund 100,000 100 Federated Government Obligations Fund 100,000 100 ----------- TOTAL MONEY MARKET FUNDS (COST $200) 200 ----------- TOTAL INVESTMENTS (COST $65,687) (a) - 99.9% 65,516 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.1% 90 ----------- NET ASSETS - 100.0% $ 65,606 =========== ------------- SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS.
STI CLASSIC FIXED INCOME FUNDS FLORIDA TAX-EXEMPT BOND FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE ------------- ------------- MUNICIPAL BONDS (87.3%) FLORIDA (71.8%) Alachua County Health Facilities Authority, Shands Teaching Hospital, Ser B, RB, MBIA, 1.800%, 12/01/26, (f) $ 2,000 $ 2,000 Brevard County School Board, COP, AMBAC, 5.500%, 07/01/17 1,360 1,517 Brevard County School Board, COP, AMBAC, 5.500%, 07/01/18 3,015 3,357 Brevard County Utility Authority, RB, FGIC, 5.250%, 03/01/13, Callable 03/01/12 @ 100 1,000 1,105 Brevard County Utility Authority, RB, FGIC, 5.250%, 03/01/14, Callable 03/01/12 @ 100 1,000 1,106 Collier County Water - Sewer District, Ser B, RB, FSA, 5.500%, 07/01/16, Callable 07/01/13 @ 100 2,125 2,381 Dade County Aviation Authority, Ser A, RB, AMBAC, 6.000%, 10/01/09, Callable 10/01/05 @ 102 500 520 Dade County Ser CC, GO, AMBAC, 7.125%, 10/01/15 2,380 2,993 Daytona Beach Utility Systems Authority, Ser D, RB, FSA, 5.250%, 11/15/15, Callable 11/15/12 @ 100 1,000 1,104 Deerfield Beach Water & Sewer Authority, Refunding & Improvement Project, RB, FGIC, 6.125%, 10/01/06 140 144 Escambia County Sales Tax Authority, RB, AMBAC, 5.250%, 10/01/15, Callable 10/01/12 @ 101 2,165 2,400 Florida State Board of Education, Capital Outlay, GO, ETM, 9.125%, 06/01/14 950 1,258 Florida State Board of Education, Capital Outlay, Public Education Project, Ser B, GO, 5.250%, 06/01/11, Callable 06/01/08 @ 101 1,000 1,080 Florida State Board of Education, Capital Outlay, Public Education Project, Ser B, GO, 5.500%, 06/01/15, Callable 06/01/11 @ 101 3,000 3,360 Florida State Board of Education, Capital Outlay, Public Education Project, Ser B, GO, 5.375%, 06/01/18, Callable 06/01/12 @ 101 2,130 2,362 Florida State Board of Education,
Capital Outlay, Public Education Project, Ser C, GO, 5.400%, 06/01/10, Callable 06/01/05 @ 101 2,745 2,795 Florida State Board of Education, Capital Outlay, Public Education Project, Ser D, GO, 5.375%, 06/01/15, Callable 06/01/12 @ 100 1,535 1,700 Florida State Board of Education, Capital Outlay, Public Education Project, Ser D, GO, 5.625%, 06/01/15, Callable 06/01/10 @ 101 1,235 1,380 Florida State Board of Education, Capital Outlay, Ser C, GO, ETM, 7.100%, 06/01/07, Callable 06/01/05 @ 100 190 190 Florida State Board of Education, Lottery Revenue, Ser A, RB, AMBAC, 5.000%, 07/01/22, Callable 07/01/15 @ 101 4,355 4,688 Florida State Board of Education, Lottery Revenue, Ser A, RB, FGIC, 6.000%, 07/01/12, Callable 07/01/10 @ 100 1,295 1,481 Florida State Board of Education, Lottery Revenue, Ser A, RB, FGIC, 5.375%, 07/01/15, Callable 07/01/12 @ 101 3,500 3,901 Florida State Board of Education, Lottery Revenue, Ser B, RB, FGIC, 5.500%, 07/01/12, Callable 07/01/10 @ 101 4,050 4,559 Florida State Board of Education, Public Education Project, Ser H, GO, FSA, 5.250%, 06/01/11 2,150 2,386 Florida State Boynton Beach, Utility System Authority, RB, FGIC, 5.500%, 11/01/16 1,310 1,516 Florida State Divsion of Bond Finance, Department of Environmental Protection & Preservation, Ser 2000-A, RB, FGIC, 5.375%, 07/01/11, Callable 07/01/09 @ 101 2,130 2,341 Florida State Housing Financing Authority, Homeowner Mortgage Project, Ser 7, RB, AMT, FSA, 5.200%, 01/01/31, Callable 07/01/09 @ 100 390 399 Florida State Turnpike Authority, Department of Transportation Project, Ser B, RB, AMBAC, 5.250%, 07/01/14, Callable 07/01/13 @ 101 2,215 2,476 Greater Orlando Aviation Authority, Airport Facilities, RB, AMT, FGIC, 5.500%, 10/01/17 1,810 2,035 Hillsborough County Community Improvement Tax, RB, AMBAC, 5.000%, 11/01/25, Callable 11/01/13 @ 101 2,345 2,474 Hillsborough County Industrial Development Authority, University Community Hospital Project, RB, MBIA,
6.500%, 08/15/19 145 179 Jacksonville Electric Authority, Electrical Systems Project, Ser 3-A, RB, 5.250%, 10/01/13, Callable 10/01/07 @ 101 1,000 1,075 Jacksonville Health Facilities Authority, Charity Obligation Group, Ser C, RB, 5.750%, 08/15/13, Prerefunded 08/15/11 @ 101 (g) 3,090 3,460 Jacksonville Sales Tax Revenue, RB, AMBAC, 5.500%, 10/01/13, Callable 10/01/11 @ 100 1,435 1,614 Jacksonville Sales Tax Revenue, RB, AMBAC, 5.500%, 10/01/14, Callable 10/01/11 @ 100 1,200 1,347 Jacksonville Sales Tax Revenue, RB, AMBAC, 5.500%, 10/01/15, Callable 10/01/11 @ 100 1,550 1,735 Lee County Industrial Development Authority, Bonita Springs Utilities Project, RB, AMT, MBIA, 5.750%, 11/01/10, Callable 11/01/06 @ 101 1,480 1,560 Lee County Memorial Health Systems Hospital, Ser A, RB, FSA, 5.750%, 04/01/15, Callable 04/01/12 @ 100 1,000 1,135 Lee County Transportation Facility Authority, Ser A, RB, AMBAC, 5.500%, 10/01/13, Callable 10/01/11 @ 100 2,000 2,250 Lee County Transportation Facility Authority, Ser A, RB, AMBAC, 5.000%, 10/01/27, Callable 10/01/14 @ 100 6,000 6,308 Manatee County Improvement Project, RB, FGIC, 5.000%, 10/01/23, Callable 10/01/14 @ 100 2,095 2,226 Miami Parking Facilities Authority, RB, MBIA, 5.250%, 10/01/15 1,000 1,118 Naples, Water & Sewer Revenue, RB, 4.000%, 09/01/05 1,000 1,009 Ocala Capital Improvements, RB, AMBAC, 5.375%, 10/01/17, Callable 10/01/13 @ 100 1,610 1,795 Ocala Capital Improvements, RB, AMBAC, 5.375%, 10/01/18, Callable 10/01/13 @ 100 1,700 1,892 Orange County Health Facilities Authority, Ser C, RB, MBIA, 6.250%, 10/01/16 4,855 5,898 Orange County School Board, Ser A, COP, MBIA, 5.500%, 08/01/18, Callable 08/01/12 @ 100 2,335 2,602 Orange County Tourist Development Tax Revenue, RB, AMBAC,, 5.500%, 10/01/11, Callable 10/1/09 @ 100 3,030 3,333 Osceola County Tourist Development Tax Authority, Ser A, RB, FGIC, 5.500%, 10/01/15, Callable 10/01/12 @ 100 1,000 1,124 Palm Beach County Criminal Justice Facility, RB, 5.000%, 06/01/15 1,865 2,057
Palm Beach County Land Acquisition Program, Ser A, GO, 5.375%, 06/01/13, Callable 06/01/11 @ 100 2,260 2,516 Palm Beach County Land Acquisition Program, Ser A, GO, 5.375%, 06/01/14, Callable 06/01/11 @ 100 1,050 1,171 Palm Beach County Land Acquisition Program, Ser A, GO, 5.500%, 06/01/16, Callable 06/01/11 @ 100 1,200 1,340 Palm Beach County School Board Authority, Ser C, COP, FSA, 5.500%, 08/01/14, Callable 08/01/12 @ 100 2,735 3,089 Palm Beach County School Board Authority, Ser C, COP, FSA, 5.500%, 08/01/19, Callable 08/01/12 @ 100 3,305 3,684 Palm Beach County Solid Waste Authority, Ser A, RB, AMBAC, 6.000%, 10/01/09 300 339 Pensacola Airport Authority, Ser A, RB, AMT, AMBAC, 6.250%, 10/01/09 505 565 Pensacola Airport Authority, Ser A, RB, AMT, MBIA, 6.000%, 10/01/12, Callable 10/01/08 @ 102 1,075 1,187 Plant City Utility Systems Authority, Refunding & Improvements Project, RB, MBIA, 6.000%, 10/01/15 400 468 Polk County School District Sales Tax Authority, RB, FSA, 5.250%, 10/01/15, Callable 10/01/14 @ 100 2,000 2,234 Polk County Utility Systems Authority, RB, FGIC, 6.000%, 10/01/08 1,855 1,977 Port Orange Water & Sewer Authority, RB, AMBAC, 5.000%, 10/01/16, Callable 10/01/12 @ 101 1,095 1,188 Reedy Creek Improvements District, Ser 1, RB, MBIA, 6.000%, 10/01/05 2,645 2,703 Tampa Guaranteed Entitlement 500 585 Authority, RB, AMBAC, 6.000%, 10/01/18 Tampa Sales Tax Authority, Ser A, RB, AMBAC, 5.375%, 10/01/14, Callable 10/01/11 @ 101 1,640 1,837 ------- 129,608 ------- PUERTO RICO (15.5%) Puerto Rico Commonwealth Highway & Transportation Authority, RB, FGIC, 5.250%, 07/01/15, Callable 07/01/13 @ 100 5,860 6,523 Puerto Rico Commonwealth Highway & Transportation Authority, Ser G, RB, FGIC, 5.250%, 07/01/15, Callable 07/01/13 @ 100 3,000 3,340 Puerto Rico Commonwealth, Highway & Transportation Authority, Ser I, RB, FGIC, 5.000%, 07/01/23, Callable 07/01/14 @ 100 4,000 4,274 Puerto Rico Commonwealth, Municipal Finance Agency, Ser A, RB, FSA,
5.250%, 08/01/14, Callable 08/01/12 @ 100 6,965 7,750 Puerto Rico Commonwealth, Municipal Finance Agency, Ser A, RB, FSA, 5.250%, 08/01/16, Callable 08/01/12 @ 100 1,020 1,125 Puerto Rico Commonwealth, Tax & Revenue Authority, 3.000%, 07/29/05 5,000 5,016 ------------ 28,028 ------------ TOTAL MUNICIPAL BONDS (COST $153,146) 157,636 ------------ REPURCHASE AGREEMENT (5.3%) Deutsche Bank AG, 2.535% dated 02/28/05, to be repurchased on 03/01/05, repurchase price $9,526,097 (collateralized by United States Treasury Obligations 8.750% 08/15/20; total market value $9,717,300) 9,525 9,525 ------------ TOTAL REPURCHASE AGREEMENT (COST $9,525) 9,525 ------------ MONEY MARKET FUNDS (9.3%) Federated Tax-Free Obligations Fund 8,811,907 8,812 SEI Tax Exempt Trust, Institutional 7,891,069 7,891 ------------ Tax Free Fund TOTAL MONEY MARKET FUNDS (COST $16,703) 16,703 ------------ TOTAL INVESTMENTS (COST $179,374) (a) - 101.9% 183,864 LIABILITIES IN EXCESS OF OTHER ASSETS - (1.9)% (3,368) ------------ NET ASSETS - 100.0% $ 180,496 ============
---------- SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FIXED INCOME FUNDS GEORGIA TAX-EXEMPT BOND FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE ------------- ------------ MUNICIPAL BONDS (96.7%) GEORGIA (93.7%) Association County Commissioners of Georgia Leasing Program, Georgia Public Purpose Project, COP, 5.250%, 04/01/21, Callable 04/01/14 @ 102 $ 2,680 $ 2,942 Athens Housing Authority, Student Housing Lease Project, RB, AMBAC, 5.250%, 12/01/21, Callable 12/01/12 @ 100 1,000 1,090 Atlanta Airport Project, Ser A, RB, FSA, AMT, 5.375%, 01/01/19, Callable 07/01/14 @ 100 5,000 5,441 Atlanta Downtown Development Authority Underground Atlanta Project, RB, AMBAC, 1.830%, 10/01/16, (f) 2,000 2,000 Augusta Water & Sewer Authority, RB, FSA, 5.250%, 10/01/34, Callable 10/01/14 @ 100 1,000 1,076 Brunswick Water & Sewer, Refunding & Improvement Project, RB, MBIA, 6.100%, 10/01/14 1,000 1,175 Burke County Development Authority Pollution Control, Vogtle Project, RB, 1.950%, 10/01/32, (f) 650 650 Burke County Development Authority, Pollution Control, Vogtle Project, RB, 2.000%, 10/01/32, (f) 3,285 3,285 Carrollton Payroll Development Authority, UWG Campus Center, RB, MBIA, 5.250%, 08/01/27, Callable 8/01/14 @ 100 1,650 1,772 Central Valdosta Development Authority, Lowndes County Judical Project, RB, 5.250%, 06/01/21, Callable 06/01/13 @ 102 1,885 2,058 Clarke County Hospital Authority, Athens Regional Medical Center Project, RB, MBIA, 5.375%, 01/01/07 1,425 1,493 Cobb County Development Authority University, Kennesaw State University Project, Ser A, RB, MBIA, 5.000%, 07/15/29, Callable 7/15/14 @ 100 2,000 2,087 Cobb County Development Authority, Kennesaw State University Project, RB, MBIA, 5.000%, 5.00% 07/15/2029 07/15/29, Continuously Callable 7/15/14
@ 100 2,250 2,347 Cobb-Marietta County Coliseum & Exhibit Hall Project, RB, MBIA, 5.500%, 10/01/12 940 1,049 Columbus Water & Sewer, RB, MBIA, 5.000%, 05/01/25, Callable 05/01/14 @ 100 1,000 1,054 Dalton Utilities, RB, MBIA, 6.000%, 01/01/08 3,240 3,521 Dekalb County Public Safety & Judicial Facilities Authority, Public Safety & Judicial Facility Project, RB, CNTY GTP, 5.000%, 12/01/29, Callable 01/01/14 @ 101 1,000 1,048 Dougherty County School District, Sales Tax Authority, GO, 4.000%, 03/01/07 2,000 2,052 Douglasville - Douglas County Water & Sewer Authority, RB, AMBAC, 5.625%, 06/01/15 1,390 1,563 Floyd County Georgia School District, RB, 4.000%, 08/01/07 2,000 2,059 Forsyth County Hospital Authority, 1,000 1,285 Baptist Health Care System Project, RB, ETM, 6.375%, 10/01/28 Fulton County Development Authority, Georgia Tech Athletic Association, RB, AMBAC, 5.000%, 10/01/07 1,000 1,056 Fulton County Development Authority, Molecular Science Building Project, RB, MBIA, 5.250%, 05/01/22, Callable 05/01/14 @ 100 2,370 2,584 Fulton County Development Authority, Molecular Science Building Project, RB, MBIA, 5.250%, 05/01/27, Callable 05/01/14 @ 100 3,375 3,633 Fulton County Water & Sewer, RB, FGIC, 5.000%, 01/01/24, Callable 01/01/14 @ 100 2,000 2,111 Georgia State Municipal Electric Authority, RB, ETM, 8.000%, 01/01/15 1,900 2,514 Georgia State Private College & Universities Facilities Authority, Mercer University Project, RB, ETM, MBIA, 6.400%, 11/01/11 1,675 1,926 Georgia State Ser B, GO, 6.250%, 04/01/06 2,850 2,966 Gwinnett County Development Authority, Public Schools Project, COP, MBIA, 5.250%, 01/01/21, Callable 01/01/14 @ 100 2,910 3,160 Gwinnett County Hospital Authority, Gwinnett Hospital Systems Project, Ser B, RB, 5.000%, 10/01/24, Callable 10/01/14 @ 100 1,250 1,312 Gwinnett County Public Schools Project, COP, MBIA, 5.250%, 01/01/25, Callable 01/01/14 @ 100 1,500 1,612
Gwinnett County School District, Ser B, GO, 6.400%, 02/01/07 1,500 1,607 Heard County Development Authority, Pollution Control, RB, 1.950%, 09/01/29, (f) 659 659 Henry County Hospital Authority, Henry Medical Center Project, RB, AMBAC, 5.500%, 07/01/08, Prerefunded 07/01/07 @ 102 1,640 1,777 Henry County Water & Sewer, RB, AMBAC, 6.150%, 02/01/20 2,100 2,582 Henry County Water & Sewer, RB, FGIC, 5.625%, 02/01/30, Callable 02/01/10 @ 101 1,750 1,922 Jackson County Industrial Development Authority, Jackson County Economic Development, RB, MBIA, 5.000%, 04/01/23, Callable 04/01/15 @ 100 1,250 1,325 Metropolitan Atlanta Rapid Transit Authority, Ser E, RB, ETM, 7.000%, 07/01/11 3,595 4,232 Metropolitan Atlanta Rapid Transit Authority, Ser N, RB, 6.000%, 07/01/07 2,090 2,240 Milledgeville-Baldwin County Development Authority, Georgia College & State University Foundation, RB, 6.000%, 09/01/33, Callable 09/01/14 @ 101 2,355 2,528 Newnan, Hospital Authority, Newnan Hospital Project, RB, MBIA, 5.500%, 01/01/16, Callable 01/01/13 @100 2,435 2,689 Newnan, Hospital Authority, Newnan Hospital Project, RB, MBIA, 5.500%, 01/01/17, Callable 01/01/13 @ 100 2,570 2,837 Newton County Water Authority, RB, MBIA, 5.000%, 07/01/23, Callable 07/01/14 @ 100 2,475 2,624 Oconee County Industrial Development Authority, OIIT Project, RB, 5.250%, 07/01/23, Callable 07/01/13 @ 100 1,295 1,386 Paulding County School District, GO, MBIA, 6.000%, 02/01/10 1,000 1,130 Paulding County School District, Ser A, GO, 6.625%, 02/01/07 1,000 1,073 Paulding County School District, Ser A, GO, 6.625%, 02/01/08 525 580 South Fulton Municipal Regional Water & Sewer, RB, MBIA, 5.250%, 01/01/21, Callable 01/01/13 @ 100 1,600 1,740 Upper Oconee Basin Water Authority, RB, MBIA, 5.000%, 07/01/26, Callable 07/01/15 @ 100 2,000 2,104 Valdosta & Lowndes County Hospital Authority, South Georgia Medical Center Project, RB, AMBAC, 5.250%, 10/01/27, Callable 10/01/12 @ 101 1,110 1,189
Vidalia Water & Sewer, RB, ETM, 6.000%, 07/01/07 605 651 Walker Dade & Catoosa Counties, Hutcheson Medical Project, Ser A, RB, FSA, 5.500%, 10/01/08, Callable 10/01/07 @ 102 1,370 1,480 ----------- 102,276 ----------- PUERTO RICO (3.0%) Puerto Rico Commonwealth, Public Buildings Authority, Government Facilities, Ser I, RB, 5.500%, 07/01/22, Callable 07/01/14 @ 100 3,000 3,304 ----------- TOTAL MUNICIPAL BONDS (COST $101,208) 105,580 ----------- MONEY MARKET FUNDS (4.5%) Federated Tax-Free Obligations Fund 3,712,980 3,713 SEI Tax Exempt Trust, Institutional Tax Free Fund 1,173,415 1,173 ----------- TOTAL MONEY MARKET FUNDS (COST $4,886) 4,886 ----------- TOTAL INVESTMENTS (COST $106,094) (a) - 101.2% 110,466 LIABILITIES IN EXCESS OF OTHER ASSETS - (1.2)% (1,289) ----------- NET ASSETS - 100.0% $ 109,177 ===========
------------ SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FIXED INCOME FUNDS HIGH INCOME FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE ----------- ---------- CORPORATE BONDS (89.5%) ADVERTISING (1.9%) Bear Creek Corp., 9.000%, 03/01/13, Callable 03/01/09 @ 104.50 (g) $ 95 $ 97 R.H. Donnelley Corp., 8.875%, 12/15/10, Callable 12/15/06 @ 104.438 (g) 250 276 R.H. Donnelley Corp., 10.875%, 12/15/12, Callable 12/15/07 @ 105.44 1,250 1,466 R.H. Donnelley Corp., 10.875%, 12/15/12, Callable 12/15/07 @ 105.44 (g) 250 293 ---------- 2,132 ---------- AGRICULTURE (1.1%) Seminis, Inc., 10.250%, 10/01/13, Callable 10/01/08 @ 105.13 1,000 1,198 ---------- BUILDING MATERIALS (0.7%) Ainsworth Lumber Co., Ltd., 7.250%, 10/01/12, Callable 10/01/08 @ 103.63 (g) 750 769 ---------- CHEMICALS (3.6%) Equistar Chemicals LP, 10.625%, 05/01/11, Callable 05/01/07 @ 105.31 750 866 FMC Corp., 10.250%, 11/01/09, Callable 11/01/06 @ 105.12 500 566 Huntsman International LLC, 11.625%, 10/15/10, Callable 10/15/07 @ 105.81 1,300 1,570 Lyondell Chemical Co., Ser A, 9.625%, 05/01/07 500 548 MacDermid, Inc., 9.125%, 07/15/11, Callable 07/15/06 @ 104.56 500 555 ---------- 4,105 ---------- COMMERCIAL SERVICES (4.0%) Carriage Services, Inc., 7.875%, 01/15/15, Callable 01/15/10 @ 103.94 (g) 2,850 2,985 Rural/Metro Corp., 9.875%, 03/15/15, Callable 03/15/10 @ 104.94 (g) 1,500 1,500 ---------- 4,485 ---------- DIVERSIFIED FINANCIAL SERVICES (7.8%) Consolidated Communication, Inc., 9.750%, 04/01/12, Callable 04/01/08 @ 104.88 (g) 250 270 Crystal US Holdings, 9.507%, 10/01/14, Callable 10/01/09 @ 105.25 (g) (p) 1,750 1,260
eircom Group PLC, 8.250%, 08/15/13, Callable 08/15/08 @ 104.125 250 279 Rainbow National Services LLC, 10.375%, 09/01/14, Callable 09/01/09 @ 105.19 (g) 2,815 3,350 Refco Finance Holdings, 9.000%, 08/01/12, Callable 08/01/08 @ 104.50 (g) 170 185 RMCC Acquisition Co., 9.500%, 11/01/12, Callable 11/01/08 @ 104.75 (g) 2,000 2,000 Telcordia Technologies, 8.875%, 03/01/13, Callable 03/01/08 @ 104.44 (g) 300 310 UGS Corp., 10.000%, 06/01/12, Callable 06/01/08 @ 105.00 (g) 1,000 1,130 ---------- 8,784 ---------- ELECTRIC (9.0%) Aquila, Inc., 14.875%, 07/01/12 2,250 3,183 Calpine Generating Co., 11.500%, 04/01/11 1,000 935 Edison Mission Energy, 10.000%, 08/15/08 1,000 1,150 FPL Energy National Wind, 6.125%, 03/25/19, (g) 250 250 Mission Energy Holding Co., 13.500%, 07/15/08 1,500 1,874 MSW Energy Holdings, 8.500%, 09/01/10, Callable 09/01/07 @ 104.25 250 273 MSW Energy Holdings, Ser B, 7.375%, 09/01/10, Callable 09/01/07 @ 103.69 500 523 PSEG Energy Holdings, 10.000%, 10/01/09 1,070 1,249 Sithe/Independence Funding Corp., Ser A, 9.000%, 12/30/13 750 828 ---------- 10,265 ---------- ELECTRONICS (0.8%) Sanmina Corp., 10.375%, 01/15/10, 750 855 ---------- Callable 01/15/07 @ 105.19 ENTERTAINMENT (1.7%) Argosy Gaming Co., 9.000%, 09/01/11, Callable 09/01/06 @ 104.50 1,000 1,113 WMG Holdings Corp., 9.530%, 12/15/14, Callable 12/15/09 @ 104.75 (g) (p) 1,100 770 ---------- 1,883 ---------- FOOD (5.4%) Merisant Co., 9.750%, 07/15/13, Callable 07/15/08 @ 104.75 (g) 950 841 PSF Group Holdings, Inc., 9.250%, 06/15/11, Callable 6/15/06 @ 104.63 2,825 3,107 Roundy's, Inc., Ser B, 8.875%, 06/15/12, Callable 06/15/07 @ 104.44 500 543 Stater Brothers Holdings, Inc., 8.125%, 06/15/12, Callable 06/15/08 @ 104.06 500 520 Swift & Co., 12.500%, 01/01/10, Callable 10/01/06 @ 106.25 1,000 1,140 ---------- 6,151 ----------
FOREST PRODUCTS & PAPER (5.6%) Appleton Papers, Inc., 8.125%, 06/15/11, Callable 06/15/08 @ 104.06 500 529 Appleton Papers, Inc., Ser B, 9.750%, 06/15/14, Callable 06/15/09 @ 104.88 1,500 1,609 Georgia-Pacific Corp., 9.500%, 12/01/11 1,500 1,869 Neenah Paper, Inc., 7.375%, 11/15/14, Callable 11/15/09 @ 103.69 (g) 500 505 Tembec Industries, Inc., 8.500%, 02/01/11 1,820 1,820 ---------- 6,332 ---------- HEALTHCARE - PRODUCTS (3.3%) MQ Associates, Inc., 11.105%, 08/15/12, Callable 08/15/08 @ 109.00 (p) 2,875 2,127 Universal Hospital Services Inc., 10.125%, 11/01/11, Callable 11/01/07 @ 105.06 1,500 1,553 ---------- 3,680 ---------- HEALTHCARE - SERVICES (9.3%) Ardent Health Services LLC, 10.000%, 08/15/13, Callable 08/15/08 @ 105 1,750 1,846 HealthSouth Corp., 10.750%, 10/01/08, Callable 10/01/05 @ 103.58 1,000 1,053 Pacificare Health Systems, Inc., 10.750%, 06/01/09, Callable 06/01/06 @ 105.38 975 1,097 Select Medical Corp., 7.625%, 02/01/15, Callable 02/01/10 @ 103.81 (g) 700 724 Tenet Healthcare Corp., 9.875%, 07/01/14, (g) 2,750 2,928 United Surgical Partners, Inc., 10.000%, 12/15/11, Callable 12/15/06 @ 105.00 710 795 US Oncology, Inc., 10.750%, 08/15/14, Callable 08/15/09 @ 105.38 (g) 1,900 2,184 ---------- 10,627 ---------- HOLDING COMPANIES-DIVERSIFIED (0.5%) Leucadia National Corp., 7.000%, 08/15/13 500 509 ---------- INSURANCE (3.9%) AFC Capital Trust I, Ser B, 8.207%, 02/03/27 1,000 1,087 Fairfax Financial Holdings Ltd., 8.300%, 04/15/26 3,250 3,299 ---------- 4,386 ---------- LODGING (0.2%) Mandalay Resort Group, Ser B, 10.250%, 08/01/07 250 281 ---------- MACHINERY DIVERSIFIED (2.0%) Cummins, Inc., 9.500%, 12/01/10, Callable 12/01/06 @ 104.75 500 561 NMGH Holding Co., 10.000%, 05/15/09, Callable 05/15/06 @ 105.00 1,500 1,657 ---------- 2,218 ----------
MEDIA (9.0%) Dex Media, Inc., 8.502%, 11/15/13, Callable 11/15/08 @ 104.50 (p) 1,500 1,181 EchoStar DBS Corp., 9.125%, 01/15/09, Callable 01/15/06 @ 104.56 575 623 EchoStar DBS Corp., 6.375%, 10/01/11 500 515 Houghton Mifflin Co., 12.554%, 10/15/13, (c) (p) 2,500 1,763 Kabel Deutschland Gmbh, 10.625%, 07/01/14, Callable 07/01/09 @ 105.31 2,750 3,162 Mediacom Corp., 9.500%, 01/15/13, Callable 01/15/06 @ 104.75 2,825 2,945 ---------- 10,189 ---------- METAL FABRICATE/HARDWARE (1.9%) Mueller Holdings, Inc., 11.145%, 04/15/14, Callable 4/15/09 @ 107.38 (c) (p) 3,000 2,168 ---------- MISCELLANEOUS MANUFACTURER (2.5%) Borden Chemical, Inc., 7.875%, 02/15/23 2,750 2,516 Koppers, Inc., 9.875%, 10/15/13, Callable 10/15/08 @ 104.94 250 285 ---------- 2,801 ---------- OFFICE / BUSINESS EQUIPMENT (2.1%) Xerox Corp., 9.750%, 01/15/09 2,000 2,323 ---------- OIL & GAS (2.2%) AmeriGas Partners/Eagle Finance, Ser B, 8.875%, 05/20/11, Callable 05/20/06 @ 104.40 500 545 Chesapeake Energy Corp., 9.000%, 1,000 1,140 08/15/12, Callable 08/15/07 @ 104.50 Swift Energy Co., 9.375%, 05/01/12, Callable 05/01/07 @ 104.69 750 834 ---------- 2,519 ---------- PACKAGING & CONTAINERS (2.5%) Berry Plastics Corp., 10.750%, 07/15/12, Callable 07/15/07 @ 105.38 500 570 CROWN EURO Holdings SA, 9.500%, 03/01/11, Callable 03/01/07 @ 104.75 500 563 Plastipak Holdings, Inc., 10.750%, 09/01/11, Callable 09/01/06 @ 105.38 1,000 1,130 Stone Container Corp., 9.250%, 02/01/08 500 551 ---------- 2,814 ---------- REAL ESTATE (0.4%) CB Richard Ellis Group, Inc., 9.750%, 05/15/10, Callable 05/15/07 @ 104.88 413 472 ---------- REITS (0.2%) Host Marriott LP, Ser G, 9.250%, 10/01/07 250 275 ---------- RETAIL (4.3%) AutoNation, Inc., 9.000%, 08/01/08 1,500 1,695 Toys "R" Us, Inc, 7.375%, 10/15/18 1,250 1,175 Toys "R" Us, Inc, 8.750%, 09/01/21 1,700 1,717 United Auto Group, Inc., 9.625%, 250 278 ----------
03/15/12, Callable 03/15/07 @ 104.81 4,865 ---------- TELECOMMUNICATIONS (3.6%) Citizens Communications Co., 9.250%, 05/15/11 1,000 1,153 PanAmSat Holding Corp., 9.000%, 08/15/14, Callable 08/15/09 @ 104.50 1,450 1,594 Rogers Wireless, Inc., 7.250%, 12/15/12 185 200 Rogers Wireless, Inc., 6.375%, 03/01/14 250 257 Rogers Wireless, Inc., 9.750%, 06/01/16 500 618 Zeus Special Ltd., 10.204%, 02/01/15, Callable 02/01/10 @ 104.63 375 250 ---------- 4,072 ---------- TOTAL CORPORATE BONDS (COST $97,500) 101,158 ---------- PREFERRED STOCK (2.2%) MEDIA (2.2%) Primedia, Inc., Ser H 25,000 2,494 ---------- TOTAL PREFERRED STOCK (COST $2,375) 2,494 ---------- YANKEE DOLLAR (3.2%) FOOD (1.0%) Burns, Philp Capital Property, 9.750%, 07/15/12, Callable 07/15/07 @ 104.88 1,000 1,105 ---------- TELECOMMUNICATIONS (0.9%) National Cable PLC, 7.660%, 10/15/12, Callable 04/15/05 @ 103.00 (g) (f) 1,000 1,031 ---------- TRANSPORTATION (1.3%) Ultrapetrol Ltd., 9.000%, 11/24/14, Callable 11/24/09 @ 104.50 (g) 1,500 1,450 ---------- TOTAL YANKEE DOLLAR (COST $3,525) 3,586 ---------- SHORT-TERM INVESTMENT (1.3%) CSFB Enhanced Liquidity Portfolio (m) 1,432,500 1,433 ---------- TOTAL SHORT-TERM INVESTMENT (COST $1,433) 1,433 ---------- REPURCHASE AGREEMENT (2.8%) Merrill Lynch & Co., Inc., 2.535% dated 02/28/05, to be repurchased 03/01/05, repurchase price $3,200,217 (collaterized by FNMA Obligations 5.0000% 12/01/23; total market value $3,267,268) 3,200 3,200 ---------- TOTAL REPURCHASE AGREEMENT (COST $3,200) 3,200 ---------- TOTAL INVESTMENTS (COST $108,033) (a) - 99.0% 111,871 OTHER ASSETS IN EXCESS OF LIABILITIES - 1.0% 1,118 ---------- NET ASSETS - 100.0% $ 112,989 ==========
------------ SEE NOTES TO SCHEDULE OF PORTFOLIO INVESTMENTS. STI CLASSIC FIXED INCOME FUNDS INVESTMENT GRADE BOND FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE ------------ ------------- CORPORATE BONDS (27.2%) AIRLINES (0.5%) Southwest Airlines Co., 5.125%, 03/01/17 $ 3,220 $ 3,098 ------------- AUTO MANUFACTURERS (1.8%) American Honda Finance Corp., 3.850%, 11/06/08 (g) 1,540 1,514 DaimlerChrysler AG, 8.500%, 01/18/31 1,740 2,217 Ford Motor Co., 7.450%, 07/16/31 6,510 6,278 ------------- 10,009 ------------- BANKS (1.1%) Bank of America Corp., 7.400%, 01/15/11 3,510 4,012 Bank One Corp., 7.625%, 08/01/05 1,675 1,706 Wells Fargo & Co., 4.800%, 07/29/05 585 589 ------------- 6,307 ------------- BEVERAGES (0.3%) Miller Brewing Co., 4.250%, 08/15/08 (g) 1,540 1,536 ------------- BUILDING MATERIALS (0.3%) American Standard, Inc., 7.625%, 02/15/10 1,570 1,771 ------------- COMMERCIAL SERVICES (0.3%) R.R. Donnelley & Sons Co., 3.750%, 04/01/09 1,800 1,753 ------------- COMPUTERS (0.1%) NCR Corp., 7.125%, 06/15/09 560 608 ------------- DIVERSIFIED FINANCIAL SERVICES (6.7%) CIT Group, Inc., 5.750%, 09/25/07 (e) 1,355 1,404 CIT Group, Inc., 5.500%, 11/30/07 975 1,007 CIT Group, Inc., 5.125%, 09/30/14 820 818 Citigroup, Inc., 5.125%, 05/05/14 1,965 2,001 Citigroup, Inc., 5.875%, 02/22/33 1,800 1,862 Fund American Cos., Inc., 5.875%, 05/15/13 3,755 3,812 General Motors Acceptance Corp., 8.000%, 11/01/31 2,870 2,879 Goldman Sachs Group, Inc., (The) 3.875%, 01/15/09 1,530 1,507 Goldman Sachs Group, Inc., (The) 4.750%, 07/15/13 1,685 1,658 HSBC Holdings PLC, 7.625%, 05/17/32 (g) 1,750 2,205 International Lease Finance Corp., 4.750%, 07/01/09 3,040 3,057
J. P. Morgan Chase & Co., 6.625%, 03/15/12 4,615 5,109 John Deere Capital Corp., 3.900%, 01/15/08 900 893 MBNA Corp., 7.500%, 03/15/12 1,055 1,203 MBNA Corp., 6.125%, 03/01/13 2,235 2,385 Merrill Lynch & Co., Inc.,, 3.700%, 04/21/08 700 691 Merrill Lynch & Co., Inc.,, 5.000%, 01/15/15 1,930 1,909 Morgan Stanley, 5.300%, 03/01/13 3,745 3,841 ------ 38,241 ------ ELECTRIC (2.3%) CalEnergy Co., Inc., 7.520%, 09/15/08 1,155 1,262 Carolina Power & Light Co., 6.500%, 07/15/12 615 677 Cincinnati Gas & Electric Co., 5.700%, 09/15/12 770 808 Dominion Resources, Inc., Ser E, 6.750%, 12/15/32 1,045 1,169 Entergy Gulf States, Inc., 4.875%, 11/01/11, Callable 11/01/06 @ 100.00 1,520 1,498 Florida Power & Light Co., 6.875%, 12/01/05 3,523 3,610 Oncor Electric Delivery Co., 7.000%, 05/01/32 900 1,061 Pacific Gas & Electric Co., 6.050%, 03/01/34 2,855 3,010 ------ 13,095 ------ ENTERTAINMENT (0.2%) GTECH Holdings Corp., 4.750%, 10/15/10 1,065 1,056 ------ FOREST PRODUCTS & PAPER (0.7%) International Paper Co., 5.500%, 01/15/14 1,460 1,511 Weyerhaeuser Co., 6.750%, 03/15/12 1,155 1,294 Weyerhaeuser Co., 7.375%, 03/15/32 770 927 ------ 3,732 ------ HEALTHCARE - SERVICES (0.2%) WellPoint Health Networks, Inc., 6.375%, 06/15/06 1,155 1,191 ------ HOME BUILDERS (0.4%) Lennar Corp., 5.950%, 03/01/13 900 945 Pulte Homes, Inc., 4.875%, 07/15/09 1,410 1,412 ------ 2,357 ------ INSURANCE (1.7%) Berkshire Hathaway Financial, Inc., 3.375%, 10/15/08 3,420 3,332 MetLife, Inc., 5.250%, 12/01/06 1,030 1,053 Monumental Global Funding, 5.200%, 01/30/07 (g) 2,565 2,624 Prudential Financial, Inc., 3.750%, 05/01/08 955 940 Prudential Financial, Inc., 5.100%, 09/20/14 1,490 1,491 ------ 9,440 ------
INVESTMENT COMPANIES (0.3%) Credit Suisse First Boston USA, Inc., 6.500%, 01/15/12 1,760 1,939 ------ LEISURE TIME (0.2%) Harley Davidson Funding, 3.625%, 12/15/08 (g) 1,155 1,133 ------ LODGING (0.3%) Harrahs Operating Co., Inc., 5.375%, 12/15/13 1,120 1,128 Marriott International, Inc., Ser C, 7.875%, 09/15/09 385 435 ------ 1,563 ------ MEDIA (2.7%) British Sky Broadcasting Group PLC, 6.875%, 02/23/09 1,925 2,081 Comcast Corp., 7.125%, 06/15/13 3,210 3,665 Comcast Corp., 7.050%, 03/15/33 435 506 Cox Communuications, Inc., 4.625%, 06/01/13 1,680 1,605 News America Holdings, Inc., 9.250%, 02/01/13 1,540 1,962 News America Holdings, Inc., 6.200%, 12/15/34 (g) 920 949 Time Warner, Inc., 7.625%, 04/15/31 2,805 3,421 Univision Communications, Inc., 7.850%, 07/15/11 1,030 1,202 ------ 15,391 ------ MINING (1.1%) Barrick Gold Finance, Inc., 7.500%, 05/01/07 640 684 Codelco, Inc., 5.500%, 10/15/13 (g) 2,055 2,113 Inco Ltd., 7.750%, 05/15/12 2,955 3,467 ------ 6,264 ------ MISCELLANEOUS MANUFACTURER (1.3%) General Electric Co., 5.000%, 02/01/13 7,325 7,435 ------ OIL & GAS (1.0%) Devon Energy Corp., 10.250%, 11/01/05 255 266 Devon Financing Corp.,, 7.875%, 09/30/31 1,075 1,379 Enterprise Products Operating LP, Ser B, 6.875%, 03/01/33 1,345 1,492 Motiva Enterprises LLC, 5.200%, 09/15/12 (g) 865 883 XTO Energy, Inc., 6.250%, 04/15/13 1,800 1,958 ------ 5,978 ------ PACKAGING & CONTAINERS (0.2%) Packaging Corp. of America, 5.750%, 08/01/13 1,155 1,177 ------ PIPELINES (0.9%) Centerpoint Energy Resources Corp., 7.875%, 04/01/13 2,185 2,579 K N Capital Trust III, 7.630%, 04/15/28 1,600 1,849 Kinder Morgan, Inc., 7.250%, 03/01/28 770 894 ------
5,322 ------- REITS (0.1%) Simon Property Group LP, 6.375%, 11/15/07 700 737 ------- RETAIL (0.1%) Federated Department Stores Inc., 6.900%, 04/01/29 725 811 ------- SAVINGS & LOANS (0.3%) Golden West Financial Corp., 4.125%, 08/15/07 1,450 1,453 ------- TELECOMMUNICATIONS (1.7%) Deutsche Telekom International Finance, 9.250%, 06/01/32 1,030 1,501 SBC Communications, Inc., 5.625%, 06/15/16 290 299 SBC Communications, Inc., 6.450%, 06/15/34 760 817 Sprint Capital Corp., 8.750%, 03/15/32 2,955 3,967 Telus Corp., 8.000%, 06/01/11 1,410 1,647 Verizon Global Funding Corp., 7.750%, 12/01/30 1,240 1,544 ------- 9,775 ------- TRANSPORTATION (0.4%) FedEx Corp., 3.500%, 04/01/09 2,565 2,477 ------- TOTAL CORPORATE BONDS (COST $152,650) 155,649 ------- FOREIGN GOVERNMENT BONDS (0.9%) MEXICO (0.9%) United Mexican States, 8.300%, 08/15/31 4,500 5,425 ------- TOTAL FOREIGN GOVERNMENT BONDS (COST $4,848) 5,425 ------- U.S. GOVERNMENT AGENCIES (2.2%) GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (2.2%) 8.500%, 04/15/31 3,190 3,475 8.000%, 08/15/31 4,114 4,457 8.000%, 09/15/31 4,176 4,525 ------- TOTAL U.S. GOVERNMENT AGENCIES (COST $12,056) 12,457 ------- U.S. TREASURY OBLIGATIONS (68.6%) U.S. TREASURY BONDS (5.2%) 5.375%, 02/15/31 27,045 29,737 ------- U.S. TREASURY INFLATION PROTECTED NOTES/BONDS (11.1%) 1.875%, 07/15/13 41,875 44,410 3.875%, 04/15/29 11,835 18,781 ------- 63,191 ------- U.S. TREASURY NOTES (52.3%) 1.625%, 04/30/05 20,365 20,328 3.500%, 11/15/06 57,560 57,540 3.375%, 02/28/07 18,115 18,041 3.125%, 05/15/07 (e) 86,245 85,319 3.125%, 04/15/09 (e) 4,485 4,351 6.000%, 08/15/09 67,780 73,412 3.500%, 02/15/10 15,630 15,284 4.875%, 02/15/12 1,790 1,865
3.875%, 02/15/13 19,695 19,182 4.000%, 02/15/15 3,915 3,802 ------------- 299,124 ------------- TOTAL U.S. TREASURY OBLIGATIONS (COST $390,919) 392,052 ------------- SHORT-TERM INVESTMENTS (8.8%) Boston Global Investment Trust - Enhanced Portfolio (m) 50,582,270 50,582 ------------- TOTAL SHORT-TERM INVESTMENTS (COST $50,582) 50,582 ------------- REPURCHASE AGREEMENTS (0.6%) Morgan Stanley, 2.575% dated 02/28/05, to be repurchased on 03/01/05, repurchase price $3,261,441.64 (collateralized by FNMS Obligations; 6.500%, total market value $3,341,971.04) 3,261 3,261 ------------- TOTAL REPURCHASE AGREEMENTS (COST $3,261) 3,261 ------------- TOTAL INVESTMENTS (COST $614,316) (a) - 108.3% 619,426 LIABILITIES IN EXCESS OF OTHER ASSETS - (8.3)% (47,605) ------------- NET ASSETS - 100.0% $ 571,821 =============
------------------ SEE NOTES TO SCHEDULE OF PORTFOLIO INVESTMENTS. STI CLASSIC FIXED INCOME FUNDS INVESTMENT GRADE TAX-EXEMPT BOND FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE ------------ ------------- MUNICIPAL BONDS (87.7%) ALABAMA (7.4%) Alabama Public School & College Authority, Capital Improvements, Ser C, RB, 5.750%, 07/01/17, Callable 07/01/09 @ 101.50 $ 3,950 $ 4,402 Alabama Water Pollution Control Authority, RB, 5.750%, 08/15/12, Callable 08/15/09 @ 100, AMBAC 5,205 5,768 Auburn University, Ser A, RB, 6.000%, 06/01/16, Callable 06/01/11 @ 100, MBIA 4,060 4,635 Huntsville, Ser A, GO, 5.625%, 05/01/16, Callable 05/01/12 @ 102 2,375 2,692 Huntsville, Ser A, GO, 5.750%, 05/01/19, Callable 05/01/12 @ 102 2,800 3,215 ------------- 20,712 ------------- ARIZONA (3.1%) Arizona State University, RB, 5.500%, 07/01/15, FGIC 1,665 1,866 Arizona Water Infrastructure Finance Authority, Water Quality, Ser A, RB, 5.625%, 10/01/12, Callable 10/01/09 @ 101 3,280 3,653 Scottsdale, GO, 5.000%, 07/01/14 3,000 3,323 ------------- 8,842 ------------- CALIFORNIA (6.6%) California, GO, 5.250%, 02/01/15, Callable 08/01/13 @ 100, MBIA-IBC 6,190 6,822 Fresno Unified School District, Ser A, GO, 6.550%, 08/01/20, Callable 02/01/13 @ 103, MBIA 1,950 2,366 Orange County Loma Ridge/Data Center Project, CoP, 6.000%, 06/01/21, Callable 06/01/05 @ 100, AMBAC 2,075 2,465 San Diego County & School District, Ser A, TAN / RAN, 3.250%, 07/25/05 2,000 2,009 Santa Barbara County, Ser A, TAN / RAN, 3.000%, 07/26/05 5,000 5,016 ------------- 18,678 ------------- COLORADO (5.4%) Douglas County School District No. RE1, Douglas & Ebert Counties, GO, 5.750%, 12/15/20, Callable 12/15/14 @ 100, FGIC 2,540 2,942
Metro Wastewater Reclamation District, RB, 5.450%, 04/01/12, Callable 04/01/08 @ 100 2,570 2,758 Regional Transportation District, Ser B, RB, 5.500%, 11/01/17, AMBAC 2,655 2,980 Westminster, Ser A, RB, 5.600%, 12/01/16, Callable 12/01/07 @ 102 5,940 6,468 ------ 15,148 ------ CONNECTICUT (1.6%) University of Connecticut, Ser A, GO, 5.000%, 01/15/13, MBIA 2,000 2,209 University of Connecticut, Ser A, GO, 5.000%, 01/15/16, Callable 01/15/14 @ 100, MBIA 2,000 2,183 ------ 4,392 ------ FLORIDA (6.9%) Florida State Board of Education, Lottery Revenue, Ser A, RB, 5.000%, 07/01/22, Callable 07/01/15 @ 101, AMBAC 3,000 3,229 Florida State Board of Education, Ser C, GO, 5.300%, 06/01/09, Callable 6/01/05 @ 101 7,395 7,528 Lee County Transportation Facilities, Ser A, RB, 5.000%, 10/01/27, Callable 10/01/14 @ 100, AMBAC 1,000 1,051 Miami-Dade County School District, GO, 5.000%, 08/01/05, MBIA 4,420 4,472 Palm Beach County School Board, Ser C, CoP, 5.500%, 08/01/15, FSA 2,825 3,162 ------ 19,442 ------ ILLINOIS (4.7%) Chicago O'Hare International Airport, Ser A, RB, 5.000%, 01/01/09, MBIA 3,000 3,209 Chicago, Ser A, GO, FSA, 5.000%, 01/01/21, Callable 01/01/15 @ 100 5,000 5,324 Chicago, Ser A, GO, FSA, 5.000%, 01/01/23, Callable 01/01/15 @ 100 4,360 4,617 ------ 13,150 ------ IOWA (0.8%) Des Moines Public Parking System, RB, 6.375%, 06/01/18, Callable 06/01/10 @ 100, FGIC 2,005 2,300 ------ MASSACHUSETTS (0.1%) Massachusetts Water Pollution Abatement Trust, Pool Program, Ser 6, RB, 5.625%, 08/01/16, Callable 08/01/10 @ 101 145 162 ------ MICHIGAN (1.3%) Michigan Municipal Bond Authority, Water Utility Improvements, RB, 5.375%, 10/01/17, Callable 10/01/12 @ 100 3,300 3,670 ------ MINNESOTA (1.0%)
Metropolitan Council Minneapolis, Ser A, GO, 5.000%, 02/01/13 2,675 2,951 ------ MISSISSIPPI (0.9%) Jackson Public School District, Ser B, GO, 5.750%, 10/01/15, Callable 10/01/10 @ 100, AMBAC 2,275 2,554 ------ MISSOURI (3.5%) Missouri State Highways & Transit Commission, Ser A, RB, 5.625%, 02/01/18, Callable 02/01/11 @ 100 8,885 9,873 ------ NEW JERSEY (10.4%) Elizabeth, GO, 5.250%, 08/15/08, MBIA 2,595 2,793 Garden State Preservation Trust, Open Space & Farmland Preservation, Ser A, RB, 5.800%, 11/01/20, Callable 11/01/15 @100, FSA 10,000 11,322 New Jersey Economic Development Authority, School Facilities Construction, Ser K, RB, 5.250%, 12/15/17, Callable 12/15/15 @ 100, FGIC 2,500 2,793 New Jersey State Transportation Trust Fund Authority, Ser B, RB, 5.250%, 12/15/17, Callable 12/15/15 @ 100, FGIC 2,300 2,558 New Jersey State Transportation Trust Fund Authority, Ser B, RB, 5.250%, 12/15/18, Callable 12/15/15 @ 100, FGIC 4,000 4,438 Ocean County, Utilities Authority Waste Water, RB, 5.000%, 01/01/14 4,885 5,375 ------ 29,279 ------ NEW YORK (16.9%) Buffalo School Improvements, Ser D, GO, 5.500%, 12/15/14, Callable 12/15/11 @ 100, FGIC 1,075 1,210 Metropolitan Transportation Authority, Ser G-1, RB, 1.820%, 11/01/26, AMBAC (f) 11,700 11,701 New York State Dormitory Authority, Mental Health Services Facilities Improvements, Ser C, RB, 5.000%, 08/15/15, Callable 02/15/15 @ 100, FGIC 3,585 3,929 New York State Dormitory Authority, Mental Health Services Facilities Improvements, Ser D, RB, 5.000%, 02/15/15, FGIC 3,000 3,292 New York State Urban Development Corp., Ser C-1, RB, 5.500%, 03/15/20, Prerefunded 03/15/13 @ 100 2,750 3,136 New York, Ser H, GO, 5.000%, 08/01/12 3,000 3,246 Tobacco Settlement Financing Corp., Ser A1, RB, 5.000%, 06/01/10, Callable 06/01/05 @ 100 3,215 3,236 Tobacco Settlement Financing Corp., Ser A1, RB, 5.250%, 06/01/13, Callable 06/01/08 @ 100 10,000 10,683
Tobacco Settlement Financing Corp., Ser C1, RB, 5.250%, 06/01/12, Callable 06/01/07 @ 100 6,720 7,046 ------- 47,479 ------- OHIO (1.3%) Ohio State Water Development Authority, Fresh Water Improvement Project, RB, 5.700%, 06/01/08, Callable 06/01/05 @ 102, AMBAC 1,520 1,562 Ohio State Water Development Authority, Fresh Water Improvement Project, RB, 5.375%, 12/01/17 1,900 2,100 ------- 3,662 ------- OKLAHOMA (1.0%) Oklahoma State Water Resource Board, RB, 5.000%, 04/01/13 2,500 2,760 ------- PUERTO RICO (9.2%) Puerto Rico Government Development Bank, RB, 1.780%, 12/01/15, MBIA (f) 7,000 6,999 Puerto Rico Highway & Transportation Authority, RB, 5.250%, 07/01/15, Callable 07/01/13 @ 100, FGIC 5,000 5,567 Puerto Rico Highway & Transportation Authority, RB, 5.250%, 07/01/17, Callable 07/01/13 @ 100, FGIC 5,260 5,820 Puerto Rico Highway & Transportation Authority, Ser G, RB, 5.250%, 07/01/15, Callable 07/01/13 @ 100, FGIC 2,720 3,028 Puerto Rico Municipal Finance Agency, Ser A, RB, 5.250%, 08/01/14, Callable 08/01/12 @ 100, FSA 4,000 4,451 ------- 25,865 ------- SOUTH CAROLINA (1.1%) Clemson University, RB, 6.250%, 05/01/15, Callable 05/01/09 @ 101, AMBAC 2,725 3,077 ------- TEXAS (4.5%) Irving, RB, 5.950%, 06/15/19, Callable 06/15/09 @ 100.50 1,460 1,623 Texas, TAN / RAN, 3.000%, 08/31/05 11,000 11,043 ------- 12,666 ------- TOTAL MUNICIPAL BONDS (COST $243,310) 246,662 ------- MONEY MARKET FUNDS (9.4%) Federated Tax-Free Obligations Fund 13,310,796 13,311 SEI Tax Exempt Trust, Institutional Tax Free Fund 13,034,269 13,034 ------- TOTAL MONEY MARKET FUNDS (COST $26,345) 26,345 ------- REPURCHASE AGREEMENTS (14.7%) Merrill Lynch & Co., Inc., 2.535% , dated 02/28/05, to be repurchased on 03/01/05, repurchase price $41,360,122 (collateralized by U.S. Government Obligations; 5.000% - 5.500%, due 04/01/18 - 08/01/33; total market value $42,186,262) 41,357 41,357 -------
TOTAL REPURCHASE AGREEMENTS (COST $41,357) 41,357 ------------- TOTAL INVESTMENTS (COST $311,012) (a) - 111.8% 314,364 LIABILITIES IN EXCESS OF OTHER ASSETS - (11.8)% (33,232) ------------- NET ASSETS - 100.0% $ 281,132 =============
SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FIXED INCOME FUNDS LIMITED-TERM FEDERAL MORTGAGE SECURITIES FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
PRINCIPAL AMOUNT VALUE --------- --------- U.S. GOVERNMENT AGENCIES (95.7%) FANNIE MAE (61.5%) 5.500%, 02/15/06 $ 19,750 $ 20,134 6.500%, 12/01/08 4,218 4,444 7.500%, 09/01/12 7,939 8,397 6.500%, 06/01/13 800 842 6.000%, 09/01/13 1,493 1,558 4.000%, 11/01/13 12,083 11,966 4.500%, 03/01/14 20,335 20,412 6.000%, 09/01/16 9,842 10,274 6.500%, 10/01/16 1,253 1,317 5.500%, 12/01/16 4,032 4,134 8.500%, 04/01/17 57 62 6.000%, 08/01/17 2,809 2,926 6.000%, 10/01/17 1,877 1,955 6.000%, 10/01/17 5,092 5,304 6.000%, 11/01/17 7,166 7,464 4.500%, 05/01/19 13,626 13,466 6.000%, 05/01/19 6,001 6,252 6.000%, 06/01/19 7,387 7,696 5.500%, 07/01/19 4,254 4,361 5.500%, 07/01/19 10,447 10,710 5.500%, 03/01/24 8,692 8,817 7.000%, 05/01/32 8,669 9,143 6.500%, 12/01/32 5,838 6,083 5.500%, 04/01/33 6,092 6,149 3.171%, 05/01/33 (f) 8,425 8,515 4.126%, 05/01/33 (f) 8,530 8,605 4.026%, 06/01/33 (f) 14,086 14,069 4.115%, 08/01/33 (f) 17,258 17,316 6.000%, 11/01/33 3,101 3,183 6.000%, 04/01/34 16,375 16,813 3.247%, 05/01/34 (f) 12,752 12,788 4.590%, 05/01/34 (f) 3,785 3,846 4.034%, 06/01/34 (f) 6,824 6,838 4.280%, 06/01/34 (f) 6,291 6,335 7.000%, 06/01/34 8,989 9,483 --------- 281,657 --------- FREDDIE MAC (25.8%) 2.150%, 06/02/06 13,000 12,782 2.478%, 05/15/10 (f) 8,000 7,775 4.500%, 06/01/13 26,603 26,524 4.000%, 09/01/13 7,870 7,730 7.000%, 11/01/16 1,207 1,273 6.500%, 02/01/17 3,318 3,486 6.000%, 07/01/17 4,057 4,217 4.500%, 11/01/18 8,370 8,288 6.000%, 12/01/31 21,237 21,813 6.500%, 09/01/32 5,025 5,235 3.344%, 07/01/33 (f) 5,662 5,729 6.000%, 01/01/34 5,580 5,734
4.247%, 05/01/34 (f) 7,707 7,518 --------- 118,104 --------- GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (8.4%) 9.000%, 11/15/17 105 116 8.000%, 06/15/30 630 682 8.000%, 09/15/30 461 500 8.000%, 12/15/30 1,011 1,095 8.000%, 12/15/30 98 106 8.500%, 04/15/31 384 419 7.000%, 07/15/31 541 573 8.000%, 08/15/31 771 835 7.000%, 09/15/31 1,271 1,347 8.000%, 09/15/31 1,501 1,626 6.000%, 12/15/31 2,717 2,808 5.500%, 12/15/32 5,382 5,479 3.750%, 01/20/34 22,792 22,682 --------- 38,268 --------- TOTAL U.S. GOVERNMENT AGENCIES (COST $439,792) 438,029 --------- REPURCHASE AGREEMENTS (5.3%) Merril Lynch & Co., Inc., 2.535% , dated 02/28/05, to be repurchased on 03/01/05, repurchase price $11,544,838 (collateralized by U.S. Government Obligations; 4.754%, due 02/01/35; total market value $13,143,613) 11,544 11,544 Morgan Stanley, 2.575% , dated 02/28/05, to be repurchased on 03/01/05, repurchase price $12,635,348 (collateralized by U.S. Government Obligations; 5.000%, due 07/01/14-09/01/18; total market value $11,778,474) 12,634 12,634 --------- TOTAL REPURCHASE AGREEMENTS (COST $24,178) 24,178 --------- TOTAL INVESTMENTS (COST $463,970) (a) - 101.0% 462,207 LIABILITIES IN EXCESS OF OTHER ASSETS - (1.0)% (4,787) --------- NET ASSETS - 100.0% $ 457,420 =========
---------- SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FIXED INCOME FUNDS MARYLAND MUNICIPAL BOND FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ---------- MUNICIPAL BONDS (97.7%) MARYLAND (95.1%) Annapolis Special Obligation, Park Place Project, Ser A, RB, 5.350%, 07/01/34 Callable 01/01/15 @101 $ 500 $ 496 Annapolis, GO, 5.000%, 04/01/08 1,000 1,065 Anne Arundel County Special Obligation, RB, 5.125%, 07/01/22, Callable 07/01/14 @ 100 1,000 1,086 Baltimore County, Oak Crest Village Project, RB, 1.860%, 01/01/29 (f) 300 300 Baltimore County, GO, 4.500%, 06/01/09 1,000 1,063 Baltimore Pollution Control, General Motors Project, RB, 5.350%, 04/01/08 660 691 Baltimore, GO, MBIA, 7.000%, 10/15/10 1,365 1,633 Baltimore, Ser A, RB, FGIC, 5.900%, 07/01/13 900 1,046 Calvert County, GO, 5.000%, 07/15/08 1,000 1,070 Frederick County, GO, 5.250%, 07/01/11, Callable 07/01/09 @ 101 1,000 1,093 Howard County, GO, 5.250%, 08/15/13, Callable 02/15/12 @ 100 1,100 1,219 Howard County, GO, 5.250%, 08/15/14, Callable 02/15/12 @ 100 1,205 1,335 Maryland Community Development Administration, Department Housing & Community Development, Ser 1, RB, MHF/FHA/INS, 5.600%, 04/01/18, Callable 04/01/07 @ 101.50 275 288 Maryland Community Development Administration, Department Housing & Community Development, Ser 2, RB, AMT, 4.700%, 04/01/11 1,000 1,046 Maryland Community Development Administration, Department Housing & Community Development, Ser 2001B, RB, AMT, FHA/GNMA/HUD, 4.100%, 07/01/08 285 292 Maryland Community Development Administration, Department Housing & Community Development, Ser E, RB, 5.700%, 09/01/17, Callable 09/01/09 @ 100 900 942
Maryland Community Development Administration, Department Housing & Community Development, Ser F, RB, AMT, 5.900%, 09/01/19, Callable 09/01/09 @ 100 1,000 1,040 Maryland Economic Development Corp., Economic Development Revenue, Chesapeake Bay Foundation, RB, LOC: Wachovia Bank, 1.860%, 11/01/23 (f) 240 240 Maryland Economic Development Corp., Lease Revenue, RB, 5.375%, 06/01/19, Callable 06/01/12 @ 100.50 1,000 1,110 Maryland Economic Development Corp., Student Housing, RB, 5.750%, 06/01/18, Callable 06/01/13 @ 100 475 517 Maryland Economic Development Corp., Student Housing, RB, ACA, 5.875%, 07/01/21, Callable 07/01/11 @ 101 250 270 Maryland Economic Development Corp., Student Housing, Ser A, RB, 5.625%, 10/01/23, Callable 10/01/13 @ 100 500 527 Maryland Health & Higher Educational Facilities Authority, RB, 5.000%, 11/15/28, Callable 11/15/13 @ 100 500 517 Maryland Health & Higher Educational Facilities Authority, RB, 5.375%, 07/01/25, Callable 07/01/14 @ 100 565 598 Maryland Health & Higher Educational Facilities Authority, RB, 5.500%, 07/01/36, Callable 07/01/14 @ 100 1,000 1,050 Maryland Health & Higher Educational Facilities Authority, RB, 5.500%, 07/01/13, Callable 07/01/12 @ 100 1,000 1,108 Maryland Health & Higher Educational Facilities Authority, RB, 5.700%, 01/01/21, Callable 01/01/12 @ 100 480 512 Maryland Health & Higher Educational Facilities Authority, RB, 5.700%, 01/01/22, Callable 01/01/12 @ 100 510 542 Maryland Health & Higher Educational Facilities Authority, RB, 5.750%, 07/01/21, Callable 07/01/11 @ 100 1,725 1,853 Maryland Health & Higher Educational Facilities Authority, RB, 5.750%, 07/01/20, Callable 07/01/12 @ 100 500 542 Maryland Health & Higher Educational Facilities Authority, RB, 6.000%, 12/01/24, Callable 06/01/10 @ 101 250 285 Maryland Health & Higher Educational Facilities Authority, RB, 6.000%, 07/01/05 100 101 Maryland Health & Higher Educational Facilities Authority, RB, 6.000%, 07/01/21, Callable 07/01/12 @ 100 250 270 Maryland Health & Higher Educational Facilities Authority, RB, 6.000%, 07/01/18, Callable 07/01/12 @ 100 1,035 1,129 Maryland Health & Higher Educational Facilities Authority, RB, 6.500%, 07/01/26, Callable 07/01/10 @ 101 400 445
Maryland Health & Higher Educational Facilities Authority, Civista Medical Center, RB, Radian, 5.000%, 07/01/37, Callable 07/01/14 @ 100 1,000 1,019 Maryland Health & Higher Educational Facilities Authority, Ser B, RB, 5.000%, 04/01/08, Callable 04/01/06 @ 101 300 305 Maryland Health & Higher Educational Facilities Authority, John Hopkins Medical Institution, Ser B, RB, AMBAC, 5.000%, 07/01/38, Callable 01/01/15 @ 100 500 522 Maryland Health & Higher Educational Facilities Authority, Suburban Hospital, Ser B, RB, 1.890%, 07/01/29 (f) 400 400 Maryland Stadium Authority, Sports Facilities Lease, RB, AMBAC, 5.800%, 03/01/26, Callable 03/01/06 @ 101 250 260 Maryland State, GO, 5.500%, 08/01/14 1,000 1,153 Maryland State, Ser 1, GO, 5.000%, 03/01/10, Callable 03/01/08 @ 101 1,000 1,069 Maryland State, Ser 2, GO, 5.000%, 08/01/16, Callable 08/01/13 @ 100 1,425 1,549 Maryland State, Ser 2, GO, 5.250%, 07/15/12, Callable 07/15/09 @ 101 1,000 1,096 Montgomery County Economic Development, RB, 5.500%, 12/01/16, Callable 12/01/11 @ 100 1,000 1,091 Montgomery County Housing Opportunities Commission, Multifamily, Ser A, RB, 6.000%, 07/01/20, Callable 07/01/10 @ 100 990 1,059 Montgomery County Housing Opportunities Commission, Single Family Mortgage, Ser A, RB, 4.450%, 07/01/17, Callable 01/01/11 @ 100 250 253 Montgomery County Housing Oppurtunities Commission, Multifamily, Ser A, RB, FNMA, 4.900%, 05/15/31, Callable 05/15/08 @ 100 650 686 Northeast Waste Disposal Authority, Solid Waste, RB, AMT, 6.000%, 07/01/06 1,100 1,139 Prince Georges County Housing Authority, Multifamily, Ser A, RB, 7.000%, 04/15/19, Callable 04/21/05 @ 100 500 512 St. Mary's County, GO, 5.500%, 07/01/11 1,165 1,316 Talbot County, GO, 5.375%, 03/15/17, Callable 03/15/12 @ 101 1,000 1,112 Transportation Authority, Parking, Ser B, RB, AMT, AMBAC, 5.375%, 03/01/15, Callable 03/01/12 @ 101 1,000 1,083 ------ 42,945 ------ PUERTO RICO (2.6%) Puerto Rico Housing Finance Authority, RB, HUD, 5.000%, 12/01/18, Callable 12/01/13 @ 100 485 516
Puerto Rico Housing Bank & Finance Agency, Single Family Mortgage, RB, AMT, GNMA/FNMA/FHLMC, 6.250%, 04/01/29, Callable 04/01/05 @ 102 625 638 ---------- 1,154 ---------- TOTAL MUNICIPAL BONDS (COST $42,605) 44,099 ---------- MONEY MARKET FUNDS (1.4%) Federated Municipal Cash Trust 649,113 649 ---------- TOTAL MONEY MARKET FUNDS (COST $649) 649 ---------- TOTAL INVESTMENTS (COST $43,254) (a) - 99.1% 44,748 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.9% 386 ---------- NET ASSETS - 100.0% $ 45,134 ==========
---------- SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FIXED INCOME FUNDS SHORT-TERM BOND FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE ------------ --------- CORPORATE BONDS (41.1%) AUTO MANUFACTURERS (2.7%) DaimlerChrysler Auto Trust, Ser 2004-A, Class A2, 1.410%, 11/08/06 $ 3,017 $ 3,005 DaimlerChrysler NA Holdings Corp., 4.750%, 01/15/08 1,385 1,396 USAA Auto Owner Trust, Ser 2004-1 Class A3, 2.060%, 04/15/08 4,100 4,036 --------- 8,437 --------- AUTOMOBILE ABS (3.7%) Capital Auto Receivables Asset Trust, 3.580%, 10/16/06 3,547 3,555 Capital Auto Receivables Asset Trust, 2.640%, 03/17/08 3,251 3,231 Ford Credit Auto Owner Trust, 2.130%, 10/15/06 3,239 3,227 Honda Auto Receivables Owner Trust, 3.610%, 12/18/07 1,500 1,502 --------- 11,515 --------- BANKS (2.0%) Bank of America Corp., 5.250%, 02/01/07 3,015 3,090 Wachovia Corp., 6.375%, 02/01/09 3,150 3,372 --------- 6,462 --------- BEVERAGES (0.4%) Coca-Cola Enterprises Inc., 5.250%, 05/15/07 1,370 1,406 --------- COMMERCIAL MBS (1.0%) Wachovia Bank Commercial Mortgage Trust, Ser 2005-C16, Class A2, 4.380%, 10/15/41 3,290 3,275 --------- CREDIT CARD ABS (3.1%) Bank One Issuance Trust, 2.940%, 06/16/08 4,500 4,489 Citibank Credit Card Issuance Trust, 2.550%, 01/20/09 3,175 3,099 MBNA Credit Card Master Note Trust, 3.650%, 03/15/11 2,375 2,332 --------- 9,920 --------- DIVERSIFIED FINANCIAL SERVICES (16.4%) Bear Stearns & Co., Inc., 5.700%, 01/15/07 2,225 2,294 Boeing Capital Corp., 5.650%, 05/15/06 740 756 Capital One Financial Corp., 7.250%, 05/01/06 1,400 1,454
CIT Group, Inc., 4.125%, 02/21/06 890 895 CIT Group, Inc., 4.250%, 02/01/10 2,240 2,205 Citigroup, Inc., 5.000%, 03/06/07 3,865 3,941 Countrywide Home Loan, Inc., Ser MTN, 5.500%, 08/01/06 3,125 3,196 Credit Suisse First Boston USA, Inc., 5.875%, 08/01/06 3,250 3,345 Ford Motor Credit Co., 6.875%, 02/01/06 2,150 2,201 Ford Motor Credit Co., 6.500%, 01/25/07 1,175 1,211 General Electric Capital Corp., 5.000%, 06/15/07 2,025 2,067 General Motors Acceptance Corp., 6.125%, 08/28/07 2,040 2,077 Goldman Sachs Group, Inc. (The), 4.125%, 01/15/08 3,300 3,300 Household Finance Corp., 5.750%, 01/30/07 3,535 3,649 International Lease Finance Corp., 3.750%, 08/01/07 1,590 1,572 International Lease Finance Corp., 3.500%, 04/01/09 1,145 1,103 JPMorgan Chase & Co., 5.250%, 05/30/07 3,010 3,090 KFW International Finance, Inc., 4.750%, 01/24/07 2,890 2,947 Lehman Brothers Holdings, Inc., 6.250%, 05/15/06 2,480 2,555 Merrill Lynch & Co., Inc., Ser B, 3.375%, 09/14/07 1,470 1,445 Morgan Stanley, 5.800%, 04/01/07 2,125 2,200 National Rural Utilities Cooperative Finance Corp., 3.000%, 02/15/06 4,160 4,135 ------ 51,638 ------ ELECTRIC (1.1%) Alabama Power Co., Ser X, 3.125%, 05/01/08 815 788 American Electric Power Co., Inc., Ser A, 6.125%, 05/15/06 725 745 Dominion Resources, Inc., Ser B, 7.625%, 07/15/05 1,500 1,523 PG&E Corp., 3.260%, 04/03/06 (f) 562 562 ------ 3,618 ------ FOOD (0.5%) Safeway, Inc., 6.150%, 03/01/06 1,575 1,612 ------ FOREST PRODUCTS & PAPER (0.3%) Weyerhaeuser Co., 6.125%, 03/15/07 882 919 ------ INSURANCE (1.8%) Allstate Corp., 7.875%, 05/01/05 2,880 2,903 Metlife, Inc., 3.911%, 05/15/05 1,525 1,528 Safeco Corp., 4.200%, 02/01/08 1,110 1,106 ------ 5,537 ------ MEDIA (2.1%) AOL Time Warner, Inc., 6.150%, 05/01/07 1,155 1,203 Comcast Cable Communications, Inc., 8.375%, 05/01/07 1,425 1,548
Univision Communications, Inc., 2.875%, 10/15/06 1,275 1,250 Viacom, Inc., 7.750%, 06/01/05 2,500 2,528 --------- 6,529 --------- OTHER ABS (1.6%) J.P. Morgan Mortgage Trust, Ser 2005-A1, Class 5A1, 4.484%, 02/25/35 5,195 5,136 --------- REITS (0.5%) Equity Office Properties Trust, 8.375%, 03/15/06 1,505 1,575 --------- TELECOMMUNICATIONS (3.9%) British Telecom PLC, 7.875%, 12/15/05 2,875 2,967 Deutsche Telekom Finance, 8.250%, 06/15/05 3,000 3,042 SBC Communications, Inc., 5.750%, 05/02/06 1,560 1,595 SBC Communications, Inc., 4.125%, 09/15/09 (e) 740 727 Verizon Global Funding Corp., 6.125%, 06/15/07 1,633 1,707 Verizon Wireless, Inc., 5.375%, 12/15/06 2,000 2,049 --------- 12,087 --------- TOTAL CORPORATE BONDS (COST $130,572) 129,666 --------- FOREIGN GOVERNMENT BONDS (1.9%) CANADA (1.9%) Province of Ontario, 7.000%, 08/04/05 4,000 4,065 Quebec Province, 5.500%, 04/11/06 2,000 2,046 --------- TOTAL FOREIGN GOVERNMENT BONDS (COST $6,029) 6,111 --------- U.S. GOVERNMENT AGENCIES (36.4%) FANNIE MAE (13.5%) 2.625%, 01/19/07, 4,625 4,530 3.750%, 05/17/07, Callable 05/17/05 @ 100 3,875 3,862 6.942%, 08/01/07 1,384 1,457 3.000%, 08/15/07 7,390 7,238 6.070%, 10/01/08 1,947 2,007 3.810%, 12/01/08 3,220 3,185 3.125%, 03/16/09, Callable 03/16/06 @ 100 1,625 1,560 6.850%, 08/01/09 3,187 3,440 4.000%, 11/25/16 1,048 1,047 3.171%, 05/01/33 (f) 3,145 3,179 3.859%, 09/01/33 (f) 2,228 2,270 3.743%, 10/01/33 (f) 2,631 2,708 4.336%, 03/01/34 (f) 3,288 3,257 4.357%, 03/01/34 (f) 2,958 2,972 --------- 42,712 --------- FEDERAL HOME LOAN BANK (6.7%) 3.250%, 08/15/05 5,885 5,893 4.875%, 11/15/06 14,000 14,276 2.625%, 05/15/07 1,125 1,097 --------- 21,266 ---------
FREDDIE MAC (14.4%) 4.250%, 06/15/05 5,825 5,848 2.500%, 11/25/05 1,920 1,904 2.375%, 12/15/05 6,000 5,956 3.050%, 01/19/07 3,725 3,680 2.375%, 02/15/07 2,425 2,363 2.400%, 03/29/07, Callable 03/29/05 @ 100 4,000 3,892 4.000%, 07/01/08 2,872 2,873 5.750%, 03/15/09 1,740 1,843 5.000%, 05/15/11 649 651 3.750%, 12/15/11, Class AB 2,726 2,700 4.500%, 08/15/19, Class AB 144 144 5.000%, 12/15/20, Class NA 4,438 4,499 4.500%, 10/15/28, Class MH 2,803 2,792 3.344%, 07/01/33 (f) 2,837 2,871 5.018%, 04/01/34 (f) 3,143 3,202 --------- 45,218 --------- SALLIE MAE (1.8%) 2.690%, 09/15/06 (f) 5,800 5,816 --------- TOTAL U.S. GOVERNMENT AGENCIES (COST $116,126) 115,012 --------- U.S. TREASURY OBLIGATIONS (18.6%) U.S. TREASURY NOTES (18.6%) 1.250%, 05/31/05 21,000 20,924 2.750%, 07/31/06 14,855 14,713 2.250%, 02/15/07 3,800 3,705 2.750%, 08/15/07 11,620 11,371 2.625%, 05/15/08 1,590 1,535 3.500%, 08/15/09 6,750 6,629 --------- TOTAL U.S. TREASURY OBLIGATIONS (COST $59,474) 58,877 --------- YANKEE DOLLAR (0.5%) BEVERAGES (0.5%) Diageo PLC, 3.375%, 03/20/08 1,600 1,564 --------- TOTAL YANKEE DOLLAR (COST $1,599) 1,564 --------- SHORT-TERM INVESTMENTS (10.8%) Boston Global Investment Trust - Enhanced Portfolio (m) 34,177,780 34,178 --------- TOTAL SHORT-TERM INVESTMENTS (COST $34,178) 34,178 --------- MONEY MARKET FUNDS (1.5%) Federated Prime Value Money Market 4,661,998 4,662 --------- Fund TOTAL MONEY MARKET FUNDS (COST $4,662) 4,662 --------- TOTAL INVESTMENTS (COST $352,640) (a) - 110.8% 350,070 LIABILITIES IN EXCESS OF OTHER ASSETS - (10.8)% (34,114) --------- NET ASSETS - 100.0% $ 315,956 =========
---------- SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FIXED INCOME FUNDS SHORT-TERM U.S. TREASURY SECURITIES FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE ---------- --------- U.S. TREASURY OBLIGATIONS (98.9%) U.S. TREASURY NOTES (98.9%) 1.625%, 04/30/05 $ 3,500 $ 3,494 6.500%, 05/15/05 7,000 7,055 1.125%, 06/30/05 3,000 2,983 1.500%, 07/31/05 3,000 2,983 6.500%, 08/15/05 5,000 5,082 1.625%, 09/30/05 3,000 2,976 1.625%, 10/31/05 3,000 2,972 5.750%, 11/15/05 7,000 7,127 1.875%, 12/31/05 3,000 2,968 1.875%, 01/31/06 3,000 2,964 1.625%, 02/28/06 5,000 4,920 1.500%, 03/31/06 3,000 2,943 2.250%, 04/30/06 3,000 2,962 4.625%, 05/15/06 10,000 10,149 2.750%, 06/30/06 3,000 2,974 7.000%, 07/15/06 5,000 5,237 2.375%, 08/31/06 6,000 5,905 2.500%, 09/30/06 3,000 2,954 2.500%, 10/31/06 2,000 1,967 2.875%, 11/30/06 6,000 5,933 6.250%, 02/15/07 4,000 4,203 4.375%, 05/15/07 7,000 7,110 2.750%, 08/15/07 8,000 7,828 6.125%, 08/15/07 500 529 3.000%, 11/15/07 6,000 5,891 3.375%, 02/15/08 3,000 2,969 --------- TOTAL U.S. TREASURY OBLIGATIONS (COST $115,976) 115,078 --------- MONEY MARKET FUNDS (0.6%) Federated U.S. Treasury Cash Reserves Fund 743,640 744 --------- TOTAL MONEY MARKET FUNDS (COST $744) 744 --------- TOTAL INVESTMENTS (COST $116,720) (a) - 99.5% 115,822 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.5% 531 --------- NET ASSETS - 100.0% $ 116,353 =========
---------- SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FIXED INCOME FUNDS STRATEGIC INCOME FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------------- ---------- CORPORATE BONDS (27.8%) ADVERTISING (0.3%) Bear Creek Corp., 9.000%, 03/01/13, $ 75 $ 77 Callable 03/01/09 @ 104.50 (g) R.H. Donnelley, Inc., 10.875%, 575 674 12/15/12, Callable 12/15/07 @ 105.44 ---------- 751 ---------- AGRICULTURE (0.4%) Seminis, Inc., 10.250%, 10/01/13, 1,000 1,198 Callable 10/01/08 @ 105.13 ---------- CHEMICALS (1.3%) Equistar Chemicals LP, 10.625%, 05/01/11, Callable 05/01/07 @ 105.31 500 578 Huntsman International LLC, 11.625%, 10/15/10, Callable 10/15/07 @ 105.81 1,500 1,810 Lyondell Chemical Co., Ser A, 9.625%, 05/01/07 500 548 MacDermid, Inc., 9.125%, 07/15/11, 750 833 Callable 07/15/06 @ 104.56 ---------- 3,769 ---------- COMMERCIAL SERVICES (0.8%) Carriage Services, Inc., 7.875%, 2,150 2,252 01/15/15, Callable 01/15/10 @ 103.94 ---------- (g) DIVERSIFIED FINANCIAL SERVICES (2.0%) Crystal US Holdings, 10.500%, 10/01/14, Callable 10/01/09 @ 105.25 (g) (p) 1,250 900 Rainbow National Services LLC, 10.375%, 09/01/14, Callable 09/01/09 @ 105.19 (g) 2,185 2,600 Refco Finance Holdings, 9.000%, 08/01/12, Callable 08/01/08 @ 104.50 (g) 135 147 RMCC Acquisition Co., 9.500%, 11/01/12, Callable 11/01/08 @ 104.75 (g) 1,000 1,000 1,000 1,130 UGS Corp., 10.000%, 06/01/12, ---------- Callable 06/01/08 @ 105.00 (g) 5,777 ---------- ELECTRIC (2.0%) Aquila, Inc., 14.875%, 07/01/12 1,750 2,477 Edison Mission Energy, 10.000%, 08/15/08 1,000 1,150 Mission Energy Holding Co., 13.500%, 07/15/08 1,000 1,250
Sithe/Independence Funding Corp., Ser A, 9.000%, 12/30/13 750 828 ----- 5,705 ----- ELECTRONICS (0.3%) Sanmina Corp., 10.375%, 01/15/10, Callable 01/15/07 @ 105.19 750 855 ----- ENTERTAINMENT (0.2%) WMG Holdings, Corp., 9.500%, 12/15/14, Callable 12/15/09 @ 104.75 (g)(p) 900 630 ----- FOOD (1.8%) Merisant Co., 9.750%, 07/15/13, Callable 07/15/08 @ 104.75 (g) 1,050 929 PSF Group Holdings, Inc., 9.250%, 06/15/11, Callable 6/15/06 @ 104.63 2,325 2,557 Roundy's, Inc., Ser B, 8.875%, 06/15/12, Callable 06/15/07 @ 104.44 500 543 Swift Energy Co., 12.500%, 01/01/10, Callable 10/01/06 @ 106.25 1,000 1,140 ----- 5,169 ----- FOREST PRODUCTS & PAPER (1.7%) Appleton Papers, Inc., 8.125%, 06/15/11, Callable 06/15/08 @ 104.06 500 529 Appleton Papers, Inc., Ser B, 9.750%, 06/15/14, Callable 06/15/09 @ 104.88 1,500 1,609 Georgia-Pacific Corp., 9.500%, 12/01/11 500 623 Tembec Industries, Inc., 8.500%, 02/01/11 2,090 2,090 ----- 4,851 ----- HEALTHCARE - PRODUCTS (1.4%) MQ Associates, Inc., 12.500%, 08/15/12, Callable 08/15/08 @ 109.00 (p) 3,125 2,312 Universal Hospital Services, Inc., 10.125%, 11/01/11, Callable 11/01/07 @ 105.06 1,500 1,553 ----- 3,865 ----- HEALTHCARE - SERVICES (3.3%) Ardent Health Services LLC, 10.000%, 08/15/13, Callable 08/15/08 @ 105 1,500 1,583 HealthSouth Corp., 10.750%, 10/01/08, Callable 10/01/05 @ 103.58 (e) 1,000 1,053 Pacificare Health Systems, Inc., 10.750%, 06/01/09, Callable 06/01/06 @ 105.38 649 730 Tenet Healthcare Corp., 9.875%, 07/01/14, (g) 2,250 2,395 United Surgical Partners, Inc., 10.000%, 12/15/11, Callable 12/15/06 @ 105.00 1,000 1,120 US Oncology, Inc., 10.750%, 08/15/14, Callable 08/15/09 @ 105.38 (g) 2,100 2,414 ----- 9,295 ----- HOLDING COMPANIES-DIVERSIFIED (0.2%) Leucadia National Corp., 7.000%, 08/15/13 500 509 -----
INSURANCE (1.3%) AFC Capital Trust I, Ser B, 8.207%, 02/03/27 1,000 1,087 Fairfax Financial Holdings Ltd., 8.300%, 04/15/26 2,550 2,589 ----- 3,676 ----- MACHINERY DIVERSIFIED (0.6%) Cummins, Inc., 9.500%, 12/01/10, Callable 12/01/06 @ 104.75 930 1,042 NMGH Holding Co., 10.000%, 05/15/09, Callable 05/15/06 @ 105.00 500 553 ----- 1,595 ----- MEDIA (2.7%) Dex Media, Inc., 8.500%, 11/15/13, Callable 11/15/08 @ 104.50 (p) 1,500 1,181 Houghton Mifflin Co., 12.529%, 10/15/13, (c) (p) 2,500 1,763 Kabel Deutschland Gmbh, 10.625%, 07/01/14, Callable 07/01/09 @ 105.31 1,750 2,012 Mediacom Broadband Corp., 11.000%, 07/15/13, Callable 07/15/06 @ 105.50 1,000 1,106 Mediacom Corp., 9.500%, 01/15/13, Callable 01/15/06 @ 104.75 1,445 1,506 ----- 7,568 ----- METAL FABRICATE/HARDWARE (0.1%) Mueller Holdings, Inc., 11.152%, 04/15/14, Callable 4/15/09 @ 107.38 (c)(p) 372 269 ----- MISCELLANEOUS MANUFACTURER (0.7%) Borden Chemical, Inc., 7.875%, 02/15/23 2,250 2,059 ----- OFFICE / BUSINESS EQUIPMENT (0.4%) Xerox Corp., 9.750%, 01/15/09 OIL & GAS (0.6%) 1,000 1,161 ----- Chesapeake Energy Corp., 9.000%, 08/15/12, Callable 08/15/07 @ 104.50 1,500 1,710 ----- PACKAGING & CONTAINERS (1.0%) Crown Euro Holdings SA, 9.500%, 03/01/11, Callable 03/01/07 @ 104.75 500 563 Plastipak Holdings, Inc., 10.750%, 09/01/11, Callable 09/01/06 @ 105.38 1,000 1,129 Stone Container Corp., 9.250%, 02/01/08 1,000 1,103 ----- 2,795 ----- REAL ESTATE (0.3%) CB Richard Ellis Group, Inc., 9.750%, 05/15/10, Callable 05/15/07 @ 104.88 750 857 ----- REITS (0.3%) Host Marriott LP, Ser G, 9.250%, 10/01/07 750 826 ----- RETAIL (2.0%) AutoNation, Inc., 9.000%, 08/01/08 2,000 2,260 Toys "R" Us, Inc., 7.375%, 10/15/18 1,250 1,175 Toys "R" Us, Inc., 8.750%, 09/01/21 1,300 1,313 United Auto Group, Inc., 9.625%, 03/15/12, Callable 03/15/07 @ 104.81 750 833 ----- 5,581 -----
SPECIALTY RETAIL (0.4%) Rural/Metro Corp., 9.875%, 03/15/15, Callable 03/15/10 @ 104.94 (g) 1,000 1,000 ------ TELECOMMUNICATIONS (1.4%) Citizens Communications Co., 9.250%, 1,000 1,152 05/15/11 Panamsat Corp., 9.000%, 08/15/14, 750 825 Callable 08/15/09 @ 104.50 (g) Panamsat Corp., 9.000%, 08/15/14, 1,000 1,100 Callable 08/15/09 @ 104.50 Rogers Wireless, Inc., 9.750%, 06/01/16 500 618 Zeus Special Ltd., 9.466%, 02/01/15, Callable 02/01/10 @ 104.63 (g) (p) 290 194 ------ 3,889 ------ UTILITIES/POWER PRODUCERS (0.3%) Calpine Generating Co., 11.500%, 04/01/11 1,000 935 ------ TOTAL CORPORATE BONDS (COST $76,013) 78,547 ------ FOREIGN GOVERNMENT BONDS (32.1%) CANADA (6.8%) Canada Government, 4.250%, 09/01/09 11,340 9,429 Canada Government, 5.000%, 06/01/14 11,390 9,734 ------ 19,163 ------ FRANCE (3.7%) France Government, 4.000%, 10/25/14 6,350 8,625 France Government, 4.750%, 04/25/35 1,350 1,964 ------ 10,589 ------ GERMANY (3.8%) Duetschland Republic, 4.250%, 07/04/14 6,360 8,809 Duetschland Republic, Ser 03, 4.750%, 07/04/34 1,360 1,978 ------ 10,787 ------ JAPAN (13.9%) Japan Government, Ser 227, 0.100%, 12/20/06 1,620,350 15,496 Japan Government, Ser 42, 0.600%, 12/20/09 1,239,100 11,839 Japan Government, Ser 265, 1.500%, 12/20/14 614,800 5,901 Japan Government, Ser 16, 2.500%, 09/20/34 596,900 5,784 ------ 39,020 ------ NORWAY (3.9%) Norwegian Government, 6.750%, 01/15/07 64,000 11,093 ------ TOTAL FOREIGN GOVERNMENT BONDS (COST $89,368) 90,652 ------ PREFERRED STOCK (0.5%) MEDIA (0.5%) Primedia, Inc., Ser H 15,000 1,496 ------ TOTAL PREFERRED STOCK (COST $1,425) 1,496 ------
U.S. TREASURY OBLIGATIONS (35.3%) U.S. TREASURY BONDS (3.9%) 5.375%, 02/15/31 10,080 11,083 ---------- U.S. TREASURY NOTES (31.4%) 1.625%, 04/30/05 27,965 27,915 3.000%, 12/31/06 20,550 20,348 3.500%, 12/15/09 10,190 9,970 4.875%, 02/15/12 11,400 11,879 4.250%, 11/15/14 18,925 18,745 ---------- 88,857 ---------- TOTAL U.S. TREASURY OBLIGATIONS (COST $99,976) 99,940 ---------- YANKEE DOLLAR (1.5%) BUILDING MATERIALS (0.3%) Ainsworth Lumber Co. Ltd., 7.250%, 10/01/12, Callable 10/01/08 @ 103.63 (g) 750 769 ---------- FOOD (0.4%) Burns, Philp Capital Property, 9.750%, 07/15/12, Callable 07/15/07 @ 104.88 1,000 1,105 ---------- TELECOMMUNICATIONS (0.4%) National Cable PLC, 7.660%, 10/15/12, Callable 04/15/05 @ 103.00 (f) (g) 1,000 1,031 ---------- TRANSPORTATION (0.4%) Ultrapetrol Ltd., 9.000%, 11/24/14, Callable 11/24/09 @ 104.50 (g) 1,500 1,449 ---------- TOTAL YANKEE DOLLAR (COST $4,294) 4,354 ---------- SHORT-TERM INVESTMENTS (10.9%) Boston Global Investment Trust - Enhanced Portfolio (m) 636,438 636 ---------- Brown Brothers Harriman & Co., Cayman Islands Cash Sweep, 1.730% 30,068,733 30,069 ---------- TOTAL SHORT-TERM INVESTMENTS (COST $30,705) 30,705 ---------- TOTAL INVESTMENTS (COST $301,781) (a) - 108.1% 305,694 LIABILITIES IN EXCESS OF OTHER ASSETS - (8.1)% (23,002) ---------- NET ASSETS - 100.0% $ 282,692 ==========
---------- SEE NOTES TO SCHEDULE OF PORTFOLIO INVESTMENTS STI CLASSIC FIXED INCOME FUNDS U.S. GOVERNMENT SECURITIES FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE ---------- ----------- ASSET BACKED SECURITIES (0.3%) CREDIT CARD ABS (0.3%) MBNA Credit Card Master Note Trust Series 2003-A7, Class A7, 2.650%, 11/15/10 $ 1,000 $ 954 ----------- TOTAL ASSET BACKED SECURITIES (COST $970) 954 ----------- U.S. GOVERNMENT AGENCIES (52.4%) FANNIE MAE (43.6%) 6.000%, 11/01/07 49 50 6.500%, 03/01/12 186 195 4.717%, 08/25/12 5,000 4,982 6.500%, 12/01/12 113 119 6.500%, 06/01/13 37 39 6.500%, 06/01/13 145 152 6.500%, 09/01/13 17 18 4.000%, 11/01/13 8,056 7,978 4.000%, 12/01/13 2,508 2,462 6.000%, 07/01/16 2,443 2,545 6.000%, 07/01/16 1,209 1,260 6.500%, 09/01/16 749 786 5.500%, 04/01/17 2,958 3,035 5.500%, 09/01/17 2,828 2,900 6.000%, 09/01/17 404 421 5.500%, 04/01/18 1,294 1,326 6.290%, 08/01/18 1,228 1,284 4.500%, 10/01/18 880 871 5.500%, 11/01/18 8,627 8,843 6.000%, 12/01/18 264 273 8.750%, 12/25/20 7 8 6.500%, 03/01/29 469 490 6.500%, 04/01/31 348 362 6.500%, 06/01/31 1,051 1,095 6.500%, 12/01/31 653 680 7.000%, 12/01/31 238 251 7.000%, 12/01/31 495 522 6.500%, 01/01/32 837 872 6.500%, 05/01/32 271 283 7.000%, 06/01/32 2,175 2,294 6.500%, 07/01/32 447 466 5.323%, 03/01/33, (f) 9,202 9,312 6.000%, 03/01/33 2,591 2,659 5.188%, 04/01/33, (f) 3,181 3,206 5.500%, 04/01/33 5,804 5,859 4.111%, 08/01/33, (f) 11,505 11,543 6.000%, 10/01/33 3,562 3,657 3.996%, 11/01/33, (f) 4,010 4,018 6.000%, 01/01/34 6,850 7,033 6.000%, 02/01/34 3,758 3,859
6.000%, 02/01/34 6,703 6,882 6.000%, 04/01/34 13,147 13,499 4.589%, 05/01/34, (f) 7,570 7,692 4.745%, 05/01/34, (f) 9,621 9,735 4.034%, 06/01/34, (f) 4,303 4,312 4.280%, 06/01/34, (f) 3,968 3,995 ----------- 144,123 ----------- FREDDIE MAC (5.0%) 4.875%, 11/15/13 2,500 2,549 7.000%, 06/01/17 322 342 5.500%, 02/01/24 9,897 10,034 6.000%, 01/01/34 3,549 3,646 ----------- 16,571 ----------- GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (3.8%) 7.500%, 10/20/09 4 5 6.000%, 07/15/13 225 236 6.000%, 01/15/14 277 290 6.000%, 01/15/14 121 126 6.500%, 05/20/28 185 194 6.250%, 10/15/28 340 355 6.000%, 12/15/31 2,739 2,831 5.500%, 12/15/32 2,691 2,740 6.000%, 03/15/33 1,311 1,355 3.750%, 01/20/34 4,558 4,536 ----------- 12,668 ----------- TOTAL U.S. GOVERNMENT AGENCIES (COST $173,219) 173,362 ----------- U.S. TREASURY OBLIGATIONS (42.0%) U.S. TREASURY BONDS (6.1%) 5.375%, 02/15/31 18,200 20,011 ----------- U.S. TREASURY INFLATION PROTECTED NOTES/ BONDS (10.5%) 1.875%, 07/15/13 23,000 24,392 3.875%, 04/15/29 6,400 10,156 ----------- 34,548 ----------- U.S. TREASURY NOTES (25.4%) 1.625%, 03/31/05 5,800 5,795 1.625%, 04/30/05 22,000 21,961 2.000%, 05/15/06 3,000 2,952 3.625%, 07/15/09 11,350 11,201 6.000%, 08/15/09 25,000 27,078 3.375%, 09/15/09 15,750 15,355 ----------- 84,342 ----------- TOTAL U.S. TREASURY OBLIGATIONS (COST $137,497) 138,901 ----------- SHORT-TERM INVESTMENTS (5.5%) Boston Global Investment Trust - Enhanced Portfolio (m) 18,160,000 18,160 ----------- TOTAL SHORT-TERM INVESTMENTS (COST $18,160) 18,160 ----------- REPURCHASE AGREEMENTS (5.1%) Merrill Lynch & Co. Inc., 2.535% dated 02/28/05, to be repurchased on 03/01/05, repurchase price $16,822,498 (collateralized by FNMA Obligations, 5.500%; total market value $17,158,956) 16,821 16,821 ----------- TOTAL REPURCHASE AGREEMENTS (COST $16,821) 16,821 -----------
TOTAL INVESTMENTS (COST $346,667) (a) - 105.3% 348,198 LIABILITIES IN EXCESS OF OTHER ASSETS - (5.3)% (17,604) ----------- NET ASSETS - 100.0% $ 330,594 ===========
------------ SEE NOTES TO SCHEDULE OF PORTFOLIO INVESTMENTS. STI CLASSIC FIXED INCOME FUNDS VIRGINIA INTERMEDIATE MUNICIPAL BOND FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE ---------- ----------- MUNICIPAL BONDS (101.0%) DISTRICT OF COLUMBIA (0.9%) Metropolitan Washington DC Airports Authority, Ser B, RB, 5.250%, 10/01/19, Callable 10/01/13 @ 100 $ 1,685 $ 1,836 ----------- VIRGINIA (99.3%) Albemarle County Industrial Development Authority, Residential Care Facilities, RB, Ser A, 5.000%, 01/01/07, Callable 01/01/06 @ 101 95 96 Arlington County Industrial Development Authority, Hospital Facilities, RB, 5.500%, 07/01/06 2,000 2,073 Arlington County Industrial Development Authority, Hospital Facilities, RB, 5.500%, 07/01/11 2,000 2,204 Arlington County Industrial Development Authority, Hospital Facilities, RB, 5.500%, 07/01/17, Callable 07/01/11 @ 101 2,225 2,395 Arlington County Industrial Development Authority, Resource Recovery, Ser B, AMT, RB, 5.375%, 01/01/11, Callable 07/01/08 @ 101 2,785 2,979 Bristol Utility System, RB, 5.750%, 07/15/14, Callable 07/15/11 @ 102 1,055 1,232 Chesapeake Public Improvement Project, GO, 5.500%, 12/01/10 2,500 2,802 Chesapeake Virginia Economic Development, MBIA, RB,5.000%, 06/01/11 1,995 2,178 Chesapeake Water & Sewer Project, GO, 5.000%, 12/01/19, Callable 12/01/14 @ 101 2,465 2,679 Chesapeake Water & Sewer Project, GO, 5.000%, 12/01/20, Callable 12/01/14 @ 101 3,640 3,935 Chesapeake, GO, 5.400%, 12/01/08 2,500 2,725 Chesterfield County Industrial Development Authority, Virginia State University Real Estate Project, Ser A, LOC: Bank of America, RB, 1.870%, 07/01/29 (f) 880 880 Commonwealth Transportation Board, Ser A, RB, 5.375%, 05/15/13, Callable 05/01/11 @100 2,045 2,274 Dinwiddie County Development Authority, Ser B, MBIA, RB, 5.000%, 02/15/24, Callable 02/15/14 @ 100 1,750 1,846 Education Loan Authority, Guaranteed Student Loan Program, Ser B, AMT, RB, 5.550%, 09/01/10 1,835 1,887
Fairfax County Economic Development Authority, Tranportation Contract, RB, MBIA, 5.000%, 04/01/22 1,625 1,731 Fairfax County Water Authority, RB, 5.500%, 04/01/14, Callable 04/01/12 @ 100 2,000 2,255 Fairfax County Water Authority, RB, 6.000%, 04/01/22, Callable 04/01/07 @ 102 5,560 6,016 Fairfax County, GO, Ser A, 5.000%, 04/01/16, Callable 04/01/14 @ 100 2,000 2,188 Fauquier County Industrial Development Authority, LOC: RADIAN, RB,5.000%, 10/01/06 1,180 1,220 Front Royal & Warren County Development Authority, Ser B, RB, 5.000%, 04/01/23, Callable 04/01/14 @ 100 2,485 2,622 Greater Richmond Convention Center Authority, Hotel Tax, RB, 5.250%, 06/15/05 460 464 Greater Richmond Convention Center Authority, Hotel Tax, RB, 6.000%, 06/15/11, Callable 06/15/10 @ 101 1,170 1,319 Greater Richmond Convention Center Authority, Hotel Tax, RB, 6.000%, 06/15/13, Callable 06/15/10 @ 101 3,185 3,583 Halifax County Industrial Development Authority, RB, 3.000%, 09/01/06 1,125 1,127 Hampton Ser A, GO, 5.500%, 07/15/18, Callable 07/15/12 @ 101 1,275 1,431 Hanover County Industrial Development Authority, Regional Medical Care Project, RB, MBIA, 6.375%, 08/15/18 5,100 6,095 Harrisonburg Industrial Development Authority, MBIA, RB, 5.750%, 12/01/13, Callable 05/27/05 @ 100 3,000 3,009 Henrico County Economic Development Authority, Residential Care Facilities, Ser A, RB, 3.750%, 06/01/06 255 255 Henrico County Economic Development Authority, Residential Care Facilities, Ser A, RB, 4.250%, 06/01/07 525 530 Henrico County Economic Development Authority, Residential Care Facilities, Ser A, RB, 5.000%, 06/01/10 1,000 1,023 Henrico County Economic Development Authority, Residential Care Facilities, Ser A, RB, 6.500%, 06/01/22, Callable 06/01/12 @ 100 1,000 1,054 Henrico County Industrial Development Authority Lease Revenue, RB, 5.150%, 06/01/07, Callable 06/01/06 @ 102 2,500 2,624 Henrico County Industrial Development Authority, RB, 5.300%, 12/01/11 1,000 1,004 Henrico County, GO, 5.000%, 01/15/08 2,220 2,360 James City County Industrial Development Authority, Residential Care Facility Project, Ser B, RB, 5.375%, 03/01/26, Callable 09/01/05 @ 100 1,925 1,933
King George County Industrial Development Authority, Birchwood Power Partners Project, Ser B, RB, 1.890%, 12/01/24 (f) 1,545 1,545 Loudoun County GO, Ser A, 5.000%, 11/01/06 2,000 2,081 Loudoun County Industrial Development Authority, Hospital Project, RB, 6.000%, 06/01/22, Callable 06/01/12 @ 101 1,000 1,101 Loudoun County Industrial Development Authority, Residential Care Facilities Project, Ser A, RB, 6.000%, 08/01/24, Callable 08/01/14 @ 100 1,000 1,034 Loudoun County Industrial Development Authority, Residential Care Facilities Project, Ser B, RB, 5.000%, 08/01/28, Callable 08/01/07 @ 101 1,075 1,082 Loudoun County Sanitation Authority, Water & Sewage, RB, 5.000%, 01/01/25, Callable 01/01/15 @ 100 3,165 3,362 Loudoun County, Ser A, GO, 5.000%, 07/01/13 3,000 3,321 Lynchburg Ser A, GO, 5.000%, 06/01/17, Callable 06/01/15 @ 100 2,485 2,714 Lynchburg, GO, 3.000%, 06/01/06, Callable 06/01/05 @ 100 2,100 2,100 Lynchburg, Ser B, GO, 5.000%, 02/01/10 1,940 2,109 Montgomery County Industrial Development Authority, AMBAC, RB, 5.500%, 01/15/18, Callable 01/15/12 @ 101 1,865 2,085 Newport News Industrial Development Authority, RB, 5.500%, 09/01/09 2,500 2,753 Newport News, GO, 5.250%, 07/01/15 3,000 3,380 Newport News, GO, 5.000%, 05/01/19, Callable 05/01/14 @ 101 2,000 2,166 Norfolk Industrial Development Authority, AMBAC, RB, 6.900%, 06/01/06 1,000 1,052 Norfolk Virginia Parking System, Ser B, AMBAC, RB, 5.000%, 02/01/14, AMBAC 2,135 2,344 Peninsula Port Authority, Residential Care Facility Project, Ser A, RB, 7.375%, 12/01/23, Callable 12/01/13 @ 100 1,500 1,612 Richmond, GO, 3.500%, 06/28/05 2,000 2,008 Richmond, GO, 5.250%, 01/15/09 1,470 1,597 Richmond, GO, 5.500%, 01/15/12, Callable 01/15/11 @101 2,500 2,798 Richmond, FSA, GO, 5.500%, 01/15/18 2,755 3,059 Richmond, FSA, GO,5.000%, 07/15/23, Callable 07/15/14 @ 100 1,500 1,597 Roanoke Industrial Development Authority, Ser A, RB, 5.750%, 07/01/13, Callable 07/01/12 @ 100 2,000 2,252
Roanoke Industrial Development Authority, Ser A, RB, 5.750%, 07/01/14, Callable 07/01/12 @ 100 2,000 2,238 Roanoke Industrial Development Authority, Ser A, RB, 5.500%, 07/01/18, Callable 07/01/12 @ 100 2,000 2,182 Roanoke Industrial Development Authority, Ser C, RB, 1.790%, 07/01/27 5,730 5,730 Roanoke Public Improvement, Ser B, GO, 5.000%, 02/01/24, Callable 02/01/15 @ 101 2,500 2,667 Russell County Industrial Development Authority, Pollution Control, RB, 2.700%, 11/01/07, (f) 1,000 997 Southwest Regional Jail Authority, RB, 3.000%, 09/01/06, Callable 09/01/05 @ 100 1,750 1,755 Spotsylvania County Water & Sewer, RB, 5.000%, 06/01/26 2,635 2,772 Stafford County Water & Sewer, FSA, RB, 5.000%, 06/01/12 2,275 2,498 Upper Occoquan Sewage Authority, Regional Sewage Project, FSA, RB, 5.000%, 07/01/18, Callable 01/01/14 @ 100 2,265 2,443 Virginia Beach Development Authority, Ser A, RB, 5.375%, 08/01/16, Callable 08/01/12 @ 100 1,650 1,829 Virginia College Building Authority, Educational Facilities Project, RB, 5.375%, 01/01/21, Callable 01/01/16 @ 100 2,990 3,423 Virginia College Building Authority, Educational Facilities Project, Ser A, RB, 5.000%, 02/01/15, Callable 02/01/14 @ 100 4,510 4,930 Virginia Housing Development Authority, Commonwealth Mortgage Project, Ser A, AMT, RB, 2.000%, 07/01/06 750 745 Virginia Housing Development Authority, Commonwealth Mortgage Project, Ser J, MBIA, RB, 4.875%, 07/01/13, Callable 07/01/11 @ 100 2,500 2,605 Virginia Housing Development Authority, Commonwealth Mortgage Project, Series I, AMT, RB, 3.750%, 07/01/05 1,000 1,004 Virginia Housing Development Authority, Multifamily Project, Ser E, AMT, RB, 5.350%, 11/01/11, Callable 01/01/08 @ 102 1,250 1,325 Virginia Housing Development Authority, Multifamily Project, Ser H, AMT, RB, 5.625%, 11/01/18, Callable 11/01/09 @ 100 3,500 3,684 Virginia Housing Development Authority, Multifamily Project, Ser I, AMT, RB, 4.875%, 11/01/12, Callable 01/01/09 @ 101 1,950 2,018 Virginia Polytechnic Institute & State University, Ser A, RB,5.350%, 06/01/09 2,000 2,110 Virginia Polytechnic Institute & State University, Ser D, AMBAC, RB, 5.125%, 06/01/21 1,095 1,196
Virginia Public School Authority, Ser B, RB, 5.000%, 08/01/13, Callable 08/01/10 @ 101 2,910 3,169 Virginia Public School Authority, Ser D, RB, 5.000%, 02/01/11 2,000 2,186 Virginia Resources Authority, Infrastructure, RB, 5.000%, 11/01/22, Callable 11/01/13 @ 100 1,670 1,771 Virginia State Public Building Authority, RB, 5.100%, 08/01/05 500 506 Virginia Transportation Board Contract, Ser B, RB, 6.750%, 05/15/06 3,605 3,786 York County Industrial Development Authority, Pollution Control, RB, 5.500%, 07/01/09, Callable 11/08/06 @ 101 640 674 --------- PUERTO RICO (0.8%) 185,423 --------- Puerto Rico Commonwealth Highway & Transportation Authority, RB, 5.000%, 07/01/06 1,500 1,546 --------- TOTAL MUNICIPAL BONDS (COST $184,242) 188,805 --------- MONEY MARKET FUND (0.9%) Federated Virginia Municipal Cash Trust, Institutional Class 1,776,209 1,776 --------- TOTAL MONEY MARKET FUND (COST $1,776) 1,776 --------- TOTAL INVESTMENTS (COST $186,018) (a) - 101.9% 190,581 LIABILITIES IN EXCESS OF OTHER ASSETS - (1.9)% (3,511) --------- NET ASSETS - 100.0% $ 187,070 =========
------------ SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FIXED INCOME FUNDS VIRGINIA MUNICIPAL BOND FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------- MUNICIPAL BONDS (98.2%) DISTRICT OF COLUMBIA (1.9%) Metropolitan Washington Airports Authority Airport System, RB, Ser A, AMT, 5.500%, 10/01/27, Callable 10/01/11 @ 101 $ 1,000 $ 1,052 VIRGINIA (96.3%) Amherst County Service Authority, RB, 6.000%, 12/15/20, Callable 12/15/10 @ 102 500 526 Amherst County Service Authority, RB, 6.000%, 12/15/30, Callable 12/15/10 @ 102 1,750 1,820 Blacksburg Polytechnic Institute Sanitation Authority, RB, 4.150%, 11/01/06 500 511 Bristol Virginia Utility System, RB, MBIA, 5.250%, 07/15/23, Callable 07/15/13 @ 100 1,000 1,087 Brunswick County Industrial Development Authority Correctional Facility Lease, RB, MBIA, 5.700%, 07/01/10, Prerefunded 07/01/06 @ 102 1,000 1,061 Chesapeake Virginia Economic Development, RB, MBIA, 5.000%, 06/01/13 1,065 1,168 Chesterfield County Industrial Development, RB, LOC: Suntrust Bank, 1.860%, 08/01/24, (f) 1,000 1,000 Chesterfield County Virginia, GO, 5.000%, 01/15/12, Prerefunded 01/15/11 @ 100 1,105 1,211 Fairfax County Economic Development Authority, RB, MBIA, 5.000%, 04/01/29 Callable 01/01/14 @ 100 1,000 1,045 Fairfax County Economic Development Authority, Transportation Contract, RB, MBIA, 5.000%, 04/01/22, Callable 04/01/14 @ 100 1,000 1,065 Fairfax County, GO, 5.000%, 01/15/26, Callable 01/15/15 @ 100 1,000 1,061 Fairfax County, GO, Ser A, 5.000%, 04/01/16, Callable 04/01/14 @ 100 1,000 1,094 Fairfax County, Virginia Sewer, RB, MBIA, 5.800%, 07/15/22, Callable 07/15/06 @ 102 1,000 1,064 Greater Richmond Convention Center, Authority Hotel Tax, RB, 6.125%, 06/15/25, Callable 06/15/10 @ 101 1,200 1,351
Greater Richmond Convention Center, Authority Hotel Tax, RB, 5.500%, 06/15/08 550 590 Greater Richmond Convention Center, Authority Hotel Tax, RB, 5.900%, 06/15/16, Callable 06/15/10 @ 101 950 1,058 Hampton Virginia Golf Course, RB, 6.000%, 12/01/12 983 1,031 Hanover County Industrial Development Authority, Regional Medical Care Project, RB, MBIA, 6.375%, 08/15/18 1,000 1,195 Henrico County Industrial Development Authority, RB, AMT, LOC: First Union National Bank, 3.400%, 03/01/16 Callable 04/07/05 @ 100, (f) 870 867 Henrico County, Economic Development Authority, RB, Ser A, GNMA, 5.850%, 07/20/19, Callable 7/20/09 @ 102 400 436 Henrico County, Economic Development Authority, RB, Ser A, GNMA, 5.900%, 07/20/29, Callable 07/20/09 @ 102 500 553 Henry County Public Service Authority Water and Sewer, RB, FSA, 5.250%, 11/15/13 1,500 1,671 Loudoun County Industrial Development Authority Lease, RB, 5.000%, 03/01/19, Callable 03/01/13 @ 100 1,000 1,071 Loudoun County Industrial Development Authority Public Safety Facilities Lease, RB, Ser A, 5.250%, 12/15/17, Callable 06/15/14 @ 100 1,110 1,221 Loudoun County Industrial Development Authority, Residential Care Facilities, RB, Ser A, 6.000%, 08/01/24, Callable 08/01/14 @ 100 750 776 Loudoun County, GO, Ser A, 5.250%, 05/01/18, Callable 05/01/12 @ 100 1,535 1,687 Lynchburg Industrial Development Authority Healthcare Facilities, RB, 5.250%, 01/01/11, Callable 01/01/08 @ 101 1,000 1,057 Newport News Redevelopment and Housing Authority, RB, GNMA, 5.850%, 12/20/30, Callable 08/20/07 @ 102 500 520 Peninsula Ports Authority, Residential Care Facility, RB, Ser A, 7.375%, 12/01/23, Callable 12/01/13 @ 100 525 564 Pittsylvania County Virginia, GO, Ser B, MBIA, 5.625%, 03/01/15 Callable 03/01/11 @ 102 1,000 1,138 Richmond Industrial Development Authority Student Housing, RB, 5.450%, 01/01/21, Callable 01/01/11 @ 102 1,000 1,071
Richmond Public Utility, RB, 5.000%, 01/15/23, Callable 01/15/15 @ 100 1,000 1,066 Richmond, GO, 5.500%, 01/15/15, Callable 01/15/11 @ 101 1,290 1,438 Richmond, GO, FSA, 5.500%, 01/15/11 1,000 1,122 Richmond, GO, FSA, 5.500%, 01/15/18, Callable 01/15/11 @ 101 1,000 1,110 Riverside Regional Jail Authority, RB, MBIA, 5.875%, 07/01/14 Prerefunded 07/01/05 @ 102 910 940 Roanoke Industrial Development Authority Hospital, RB, Ser A, 5.500%, 07/01/16, Callable 07/01/12 @ 100 1,000 1,094 Roanoke Industrial Development Authority Hospital, RB, Ser A, 5.500%, 07/01/21, Callable 07/01/12 @ 100 1,000 1,087 Roanoke Industrial Development Authority Hospital, RB, Ser C, 1.700%, 07/01/27 (f) 1,325 1,325 Southwest Regional Jail Authority, RB, MBIA, 5.125%, 09/01/14 Callable 09/01/13 @ 100 1,095 1,198 Spotsylvania County Water & Sewer, RB, 5.000%, 06/01/26 1,000 1,052 Virginia Commonwealth Transportation Board, RB, Ser A, 5.375%, 05/15/12, Callable 05/15/11 @ 100 1,500 1,670 Virginia Commonwealth Transportation Board, RB, 5.500%, 10/01/05 1,000 1,019 Virginia Housing Development Authority, RB, Ser D, AMT, 5.375%, 04/01/06 715 733 Virginia Polytechnic Institute & State University, RB, Ser D, AMBAC, 5.125%, 06/01/21, Callable 06/01/14 @ 101 1,000 1,093 Virginia Public School Authority, RB, 5.250%, 04/01/05 1,000 1,003 Virginia Public School Authority, RB, Ser A, 5.000%, 08/01/24, Callable 08/01/14 @ 100 1,365 1,446 Virginia Public School Authority, RB, Ser C, State Aid Withholding, 5.000%, 08/01/08, Prerefunded 08/01/05 @ 102 500 516 Virginia Resources Authority, Infrastructure, RB, 5.000%, 11/01/22, Callable 11/01/13 @ 100 1,250 1,326 Virginia Resources Authority, Infrastructure, RB, Ser A, 5.800%, 05/01/30, Callable 05/01/11 @ 101 1,500 1,688 ------- 53,496 ------- TOTAL MUNICIPAL BONDS (COST $52,570) 54,548 ------- MONEY MARKET FUND (3.1%)
Federated Virginia Municipal Cash Trust, Institutional Class 1,739,483 1,739 ------- TOTAL MONEY MARKET FUND (COST $1,739) 1,739 ------- TOTAL INVESTMENTS (COST $54,309) (a) - 101.3% 56,287 LIABILITIES IN EXCESS OF OTHER ASSETS - (1.3)% (723) ------- NET ASSETS - 100.0% $55,564 =======
------------ SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS LIFE VISION AGGRESSIVE GROWTH FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES VALUE ---------- ---------- EQUITY FUNDS (97.0%) STI Classic Aggressive Growth Stock Fund, T Shares (d) * 300,717 $ 3,037 STI Classic Capital Appreciation Fund, T Shares (d) * 966,282 12,098 STI Classic Emerging Growth Stock Fund, T Shares (d) * 53,017 504 STI Classic Growth and Income Fund, T Shares (d) 604,171 10,011 STI Classic International Equity Index Fund, T Shares (d) 630,151 8,280 STI Classic Mid-Cap Equity Fund, T Shares (d) 167,149 2,026 STI Classic Mid-Cap Value Equity Fund, T Shares (d) 162,776 2,030 STI Classic Small Cap Growth Stock Fund, T Shares (d) * 49,049 1,016 STI Classic Small Cap Value Equity Fund, T Shares (d) 75,015 1,525 STI Classic Strategic Quantitative Equity Fund, T Shares (d) * 152,511 2,053 STI Classic Value Income Stock Fund, T Shares (d) 522,254 6,669 ---------- TOTAL EQUITY FUNDS (COST $41,351) 49,249 ---------- MONEY MARKET FUNDS (3.0%) STI Classic Prime Quality Money Market Fund, T Shares (d) 1,532,967 1,533 ---------- TOTAL MONEY MARKET FUNDS (COST $1,533) 1,533 ---------- TOTAL INVESTMENTS (COST $42,884) (a) - 100.0% 50,782 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.0% 1 ---------- NET ASSETS - 100.0% $ 50,783 ==========
------------ SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS LIFE VISION CONSERVATIVE FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES VALUE -------- -------- EQUITY FUNDS (25.3%) STI Classic Aggressive Growth Stock Fund, T Shares (d) * 10,525 $ 106 STI Classic Capital Appreciation Fund, T Shares (d) * 33,643 421 STI Classic Growth and Income Fund, T Shares (d) 19,272 319 STI Classic International Equity Index Fund, T Shares (d) 20,644 271 STI Classic Mid-Cap Equity Fund, T Shares (d) 5,496 67 STI Classic Mid-Cap Value Equity Fund, T Shares (d) 5,335 67 STI Classic Small Cap Growth Stock Fund, T Shares (d) * 3,208 66 STI Classic Small Cap Value Equity Fund, T Shares (d) 3,291 67 STI Classic Strategic Quantitative Equity Fund, T Shares (d) * 5,018 68 STI Classic Value Income Stock Fund, T Shares (d) 16,589 212 -------- TOTAL EQUITY FUNDS (COST $1,383) 1,664 -------- FIXED INCOME FUNDS (71.4%) STI Classic Institutional Core Bond Fund, T shares (d) 409,526 4,169 STI Classic High Income Fund, T Shares (d) 69,234 528 -------- TOTAL FIXED INCOME FUNDS (COST $4,694) 4,697 -------- MONEY MARKET FUNDS (2.9%) STI Classic Prime Quality Money Market Fund, T Shares (d) 192,614 193 -------- TOTAL MONEY MARKET FUNDS (COST $193) 193 -------- TOTAL INVESTMENTS (COST $6,270) (a) - 99.6% 6,554 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.4% 25 -------- NET ASSETS - 100.0% $ 6,579 ========
------------ SEE NOTES TO SCHEDULE OF PORTFOLIO OF INVESTMENTS. STI CLASSIC EQUITY FUNDS LIFE VISION GROWTH AND INCOME FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES VALUE ---------- ---------- EQUITY FUNDS (75.3%) STI Classic Aggressive Growth Stock Fund, T Shares (d) * 510,585 $ 5,157 STI Classic Capital Appreciation Fund, T Shares (d) * 1,636,691 20,492 STI Classic Emerging Growth Stock Fund, T Shares (d) 78,885 749 STI Classic Growth and Income Fund, T Shares (d) 1,021,777 16,931 STI Classic International Equity Index Fund, T Shares (d) 1,000,930 13,152 STI Classic Mid-Cap Equity Fund, T Shares (d) 268,532 3,255 STI Classic Mid-Cap Value Equity Fund, T Shares (d) 260,207 3,245 STI Classic Small Cap Growth Stock Fund, T Shares (d) * 67,669 1,401 STI Classic Small Cap Value Equity Fund, T Shares (d) 107,109 2,178 STI Classic Strategic Quantitative Equity Fund, T Shares (d) * 245,205 3,300 STI Classic Value Income Stock Fund, T Shares (d) 879,832 11,235 ---------- TOTAL EQUITY FUNDS (COST $67,098) 81,095 ---------- FIXED INCOME FUNDS (21.7%) STI Classic Institutional Core Bond Fund, T shares (d) 1,978,739 20,144 STI Classic High Income Fund, T Shares (d) 420,072 3,205 ---------- TOTAL FIXED INCOME FUNDS (COST $23,174) 23,349 ---------- MONEY MARKET FUNDS (3.0%) STI Classic Prime Quality Money Market Fund, T Shares (d) 3,228,802 3,229 ---------- TOTAL MONEY MARKET FUNDS (COST $3,229) 3,229 ---------- TOTAL INVESTMENTS (COST $93,501) (a) - 100.0% 107,673 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.0% 28 ---------- NET ASSETS - 100.0% $ 107,701 ==========
------------ SEE NOTES TO SCHEDULE OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS LIFE VISION MODERATE GROWTH FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES VALUE --------- --------- EQUITY FUNDS (55.2%) STI Classic Aggressive Growth Stock Fund, T Shares (d) * 544,747 $ 5,502 STI Classic Capital Appreciation Fund, T Shares (d) * 1,746,481 21,866 STI Classic Growth and Income Fund, T Shares (d) 1,115,388 18,482 STI Classic International Equity Index Fund, T Shares (d) 1,113,436 14,631 STI Classic Mid-Cap Equity Fund, T Shares (d) 267,545 3,243 STI Classic Mid-Cap Value Equity Fund, T Shares (d) 259,777 3,239 STI Classic Small Cap Growth Stock Fund, T Shares (d) * 156,820 3,248 STI Classic Small Cap Value Equity Fund, T Shares (d) 159,660 3,246 STI Classic Strategic Quantitative Equity Fund, T Shares (d) * 243,942 3,283 STI Classic Value Income Stock Fund, T Shares (d) 961,029 12,272 --------- TOTAL EQUITY FUNDS (COST $72,223) 89,012 --------- FIXED INCOME FUNDS (41.7%) STI Classic Institutional Core Bond Fund, T shares (d) 5,811,622 59,162 STI Classic High Income Fund, T Shares (d) 1,056,711 8,063 --------- TOTAL FIXED INCOME FUNDS (COST $66,744) 67,225 --------- MONEY MARKET FUNDS (3.0%) STI Classic Prime Quality Money Market Fund, T Shares (d) 4,859,563 4,860 --------- TOTAL MONEY MARKET FUNDS (COST $4,860) 4,860 --------- TOTAL INVESTMENTS (COST $143,827) (a) - 99.9% 161,097 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.1% 153 --------- NET ASSETS - 100.0% $ 161,250 =========
------------ SEE NOTES TO SCHEDULE OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS PRIME QUALITY MONEY MARKET FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
PRINCIPAL AMOUNT VALUE ---------- ---------- CERTIFICATES OF DEPOSIT (25.0%) BANKS (20.1%) ABN Amro Bank, 2.620%, 04/21/05 $ 25,000 $ 25,000 Barclays Bank PLC, 2.550%, 03/24/05 (f) 110,000 109,998 Barclays Bank PLC, 2.730%, 05/11/05 40,000 40,001 BNP Paribas, 2.527%, 08/23/05 (f) 60,000 59,989 BNP Paribas, 2.505%, 10/03/05 (f) 65,000 64,983 Branch Banking & Trust, 2.695%, 04/19/05 75,000 75,000 Canadian Imperial Bank, 2.620%, 04/29/05 (f) 70,000 69,998 Canadian Imperial Bank, 2.610%, 05/31/05 (f) 50,000 49,997 Credit Lyonnais, 2.520%, 04/04/05 (f) 100,000 99,998 Credit Suisse First Boston LLC, 2.520%, 04/05/05 (f) 50,000 49,999 Credit Suisse First Boston LLC, 2.570%, 11/18/05 (f) 40,000 40,000 Deutsche Bank AG, 2.760%, 05/23/05 50,000 50,001 First Tennessee Bank, 2.150%, 04/06/05 50,000 49,978 HSBC Bank PLC, 2.815%, 05/24/05 25,000 24,999 Lloyds TSB Group PLC, 2.500%, 05/31/05 50,000 50,001 Rabobank Nederland NV, 2.600%, 03/02/05 (f) 100,000 100,000 Toronto Dominion Bank, 2.510%, 04/04/05 100,000 99,998 ---------- 1,059,940 ---------- DIVERSIFIED FINANCIAL SERVICES (4.9%) Dresdner Bank AG, 2.570%, 04/07/05 50,000 50,001 HBOS Treasury Services, 2.705%, 05/03/05 75,000 75,001 Liquid Funding Ltd., 2.560%, 10/14/05 (f) (g) 30,000 29,998 Societe Generale, 2.550%, 04/11/05 100,000 99,998 ---------- 254,998 ---------- TOTAL CERTIFICATES OF DEPOSIT (COST $1,314,938) 1,314,938 ---------- COMMERCIAL PAPERS (29.5%) BANKS (8.3%) Australia & New Zealand Banking Group Ltd., 2.450%, 03/11/05 (c) 75,000 74,950 Australia & New Zealand Banking Group Ltd., 2.718%, 05/09/05 (c) 50,000 49,741 Bank Of Ireland, 2.470%, 03/14/05 (c) 49,100 49,056 BNP Paribas, 2.444%, 03/23/05 (c) 50,000 49,926 DEPFA Bank PLC, 2.390%, 03/02/05 (c) 11,000 10,999 Spintab AB, 2.526%, 04/04/05 (c) 50,000 49,881
Spintab AB, 2.541%, 04/05/05 (c) 100,025 99,780 Wachovia Corp., 2.550%, 03/23/05 (c) 50,000 49,922 ---------- 434,255 ---------- DIVERSIFIED FINANCIAL SERVICES (14.2%) Atlantis One Funding Corp., 2.509%, 03/10/05 (c) 15,822 15,812 Atlantis One Funding Corp., 2.627%, 04/21/05 (c) 25,000 24,908 Ciesco LLC, 2.739%, 05/16/05 (c) 50,000 49,713 CIT Group, Inc., 2.296%, 03/02/05 (c) 7,026 7,026 CIT Group, Inc., 2.706%, 05/04/05 (c) 50,000 49,761 Compass Securitization LLC, 2.840%, 05/25/05 (c) 45,570 45,267 Dexia Delaware LLC, 2.829%, 05/23/05 (c) 15,000 14,903 Dorada Finance, Inc., 2.556%, 04/08/05 (c) 22,445 22,385 Dorada Finance, Inc., 2.637%, 04/20/05 (c) 25,000 24,909 Dresdner US Financial, 2.556%, 04/07/05 (c) 85,000 84,777 Fortis Funding LLC, 2.521%, 03/03/05 (c) 50,000 49,993 ING Funding, 2.717%, 05/10/05 (c) 21,215 21,104 International Lease Finance Corp., 2.727%, 05/11/05 (c) 20,000 19,893 Mane Funding Corp., 2.510%, 03/16/05 (c) 100,000 99,895 New Center Asset Trust, 2.620%, 03/01/05 (c) 100,000 99,999 Rabobank USA Finance Corp., 2.610%, 03/01/05 (c) 18,719 18,719 Sigma Finance, Inc., 2.546%, 04/05/05 (c) 50,000 49,877 Sigma Finance, Inc., 2.527%, 04/13/05 (c) 25,000 24,925 Westpac Capital, 2.627%, 04/21/05 (c) 25,000 24,908 ---------- 748,774 ---------- INSURANCE (4.7%) ING America Insurance Holdings, 2.668%, 04/27/05 (c) 50,000 49,790 ING America Insurance Holdings, 2.779%, 05/18/05 (c) 58,750 58,398 Prudential PLC, 2.423%, 03/21/05 (c) 22,000 21,971 Swiss RE Financial, 2.566%, 04/11/05 (c) 50,000 49,855 Swiss RE Financial, 2.606%, 04/13/05 (c) 25,000 24,923 Swiss RE Financial, 2.637%, 04/20/05 (c) 25,000 24,909 Swiss RE Financial, 2.718%, 05/10/05 (c) 15,000 14,921 ---------- 244,767 ---------- OIL & GAS (1.9%) Total Capital, 2.610%, 03/01/05 (c) 100,000 100,000 ---------- TELECOMMUNICATIONS (0.4%) SBC Communications, Inc., 2.516%, 03/22/05 (c) 20,000 19,971 ---------- TOTAL COMMERCIAL PAPERS (COST $1,547,767) 1,547,767 ---------- CORPORATE BONDS (41.4%) BANKS (8.3%) American Express Centurion, 2.630%, 04/29/05 (f) 25,000 24,999 Bank of America Corp., 7.875%, 05/16/05 7,435 7,529 Bank of New York Co., Inc. (The), 2.704%, 05/27/08 (f) 25,000 25,000
DEPFA Bank PLC, 2.470%, 12/15/05 (f) 125,000 124,999 Northern Rock PLC, 2.630%, 03/14/05 (f) 30,000 30,002 Northern Rock PLC, 2.483%, 12/09/08 (f) 101,500 101,514 Norwest Corp., Ser F, 6.500%, 06/01/05 2,775 2,806 Wachovia Corp., 7.450%, 07/15/05 7,721 7,860 Wells Fargo & Co., 2.660%, 09/14/05 (f) 51,000 51,001 Wells Fargo & Co., 2.560%, 07/15/09 (f) 50,000 50,000 Wells Fargo & Co., Ser C, 2.640%, 01/02/08 (f) 10,000 10,000 ---------- 435,710 ---------- COMPUTERS (0.5%) IBM Corp., 2.560%, 03/08/06, Callable 05/08/05 @ 100 (f) (g) 25,000 25,002 ---------- DIVERSIFIED FINANCIAL SERVICES (27.2%) American Express Credit Corp., Ser B, 2.640%, 03/05/08 (f) 90,000 90,000 American General Finance Corp., Ser G, 2.849%, 03/24/05 (f) 25,000 25,004 AT&T Capital Corp., Ser F, 6.600%, 05/15/05 11,647 11,755 Bear Stearns & Co., Inc., 2.680%, 10/28/05 (f) 125,000 125,001 Bear Stearns & Co., Inc., Ser B, 2.875%, 05/23/05 (f) 5,100 5,107 Beta Finance, Inc., 2.687%, 05/18/05 (f) 122,000 121,994 BMW US Capital LLC, 4.231%, 06/07/05 100,000 100,531 Capital One Auto Finance Trust, Ser 2004-B, 2.560%, 10/17/05 (f) 23,456 23,456 CIT Group, Inc., 3.160%, 07/29/05 (f) 7,500 7,512 CIT Group, Inc., 7.625%, 08/16/05 23,117 23,609 Credit Suisse First Boston LLC, 2.750%, 03/21/05 (f) 10,000 10,001 Dorada Finance, Inc., 2.670%, 07/15/05 (f) 50,000 50,009 General Electric Capital Corp., 2.840%, 03/21/05 (f) (g) 10,000 10,001 General Electric Capital Corp., 2.690%, 07/09/07 (f) 69,000 69,000 General Electric Capital Corp., Ser A, 2.615%, 03/15/05 (f) 17,328 17,329 General Electric Capital Corp., Ser A, 7.500%, 05/15/05 2,000 2,021 General Electric Capital Corp., Ser A, 2.169%, 06/28/55 (f) 5,760 5,701 General Electric Capital Corp., Ser A, 2.199%, 06/30/55 (f) 2,250 2,227 Goldman Sachs Group, Inc. (The), Ser 2, 2.580%, 03/15/06 (f) 100,000 100,001 Heller Financial, Inc., 8.000%, 06/15/05 7,142 7,258 Household Finance Corp., 2.610%, 10/25/05 (f) 50,000 50,000 Household Finance Corp., 2.630%, 10/28/05 (f) 50,000 49,998 Lehman Brothers Holdings, Inc., Ser G, 2.850%, 04/05/05 (f) 10,000 10,003 Liberty Lights US Capital, 2.555%, 02/01/06 (f) (g) 50,000 50,000
Liberty Lights US Capital, 2.555%, 02/07/06 (f) 25,000 25,000 Liquid Funding Ltd., 2.590%, 11/07/05 (f) (g) 115,000 114,989 Merrill Lynch & Co., Inc., Ser 1, 2.620%, 02/03/09 (f) 30,000 30,000 Morgan Stanley, 2.640%, 03/18/05 (f) 50,000 50,000 Morgan Stanley, 2.590%, 08/15/05 (f) 75,000 75,000 Morgan Stanley, 2.665%, 08/13/10 (f) 48,500 48,500 Norwest Financial, Inc., 7.600%, 05/03/05 3,700 3,737 Sigma Finance, Inc., 2.685%, 08/05/05 (f) 50,000 50,015 Sigma Finance, Inc., 2.540%, 10/11/05 (f) (g) 25,000 24,996 Toyota Motor Credit Corp., 2.635%, 03/17/05 (f) 1,000 1,000 Toyota Motor Credit Corp., 2.650%, 09/09/05 (f) 39,000 39,022 ---------- 1,429,777 ---------- ELECTRIC (0.8%) Georgia Power Co., 2.760%, 04/15/05 (f) 40,000 40,006 ---------- INSURANCE (0.7%) Jefferson-Pilot Capital Corp., 2.620%, 02/17/11 (f) 35,000 35,000 ---------- MEDIA (0.1%) New York Times Co. (The), 7.625%, 03/15/05 5,100 5,112 ---------- PHARMACEUTICALS (1.4%) Pfizer, Inc., 2.550%, 10/07/05 (f) (g) 75,000 75,000 ---------- TELECOMMUNICATIONS (2.4%) BellSouth Corp., 4.119%, 04/26/05 (f) (g) 125,000 125,475 ---------- TOTAL CORPORATE BONDS (COST $2,171,082) 2,171,082 ---------- MASTER NOTES (3.4%) BANKS (3.4%) Bank of America Corp., 2.695%, 09/14/05 180,000 180,000 ---------- TOTAL MASTER NOTES (COST $180,000) 180,000 ---------- REPURCHASE AGREEMENTS (1.1%) Bear Stearns & Co., Inc., 2.565% , dated 02/28/05, to be repurchased on 03/01/05, repurchase price $4,459,951 (collateralized by U.S. Government Obligations, 0.000%, due 01/15/35; total market value $4,553,055) 4,460 4,460 BNP Paribas, 2.585% , dated 02/28/05, to be repurchased on 03/01/05, repurchase price $7,398,749 (collateralized by U.S. Government Obligations, 0.000%, due 07/26/05; total market value $7,546,344) 7,398 7,398 Lehman Brothers, Inc., 2.555% , dated 02/28/05, to be repurchased on 03/01/05,
repurchase price $5,900,190 (collateralized by U.S. Government Obligations, 5.000%, due 02/01/20; total market value $6,018,010) 5,900 5,900 Merrill Lynch & Co., Inc., 2.535%, dated 02/28/05, to be repurchased on 03/01/05, repurchase price $19,325,299 (collateralized by U.S. Government Obligations, 5.000%, due 10/01/17 - 08/01/33; total market value $19,713,393) 19,324 19,324 Morgan Stanley, 2.575% , dated 02/28/05, to be repurchased on 03/01/05, repurchase price $11,006,281 (collateralized by U.S. Government Obligations, 4.110%, due 08/01/34; total market value $11,260,611) 11,005 11,005 UBS Warburg LLC, 2.575% , dated 02/28/05, to be repurchased on 03/01/05, repurchase price $8,316,996 (collateralized by U.S. Government Obligations, 5.000%, due 07/15/33; total market value $8,483,679) 8,316 8,316 ---------- TOTAL REPURCHASE AGREEMENTS (COST $56,403) 56,403 ---------- TOTAL INVESTMENTS (COST $5,270,190) (a) - 100.4% 5,270,190 LIABILITIES IN EXCESS OF OTHER ASSETS - (0.4)% (19,341) ---------- NET ASSETS - 100.0% $5,250,849 ==========
-------- SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS TAX-EXEMPT MONEY MARKET FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
PRINCIPAL AMOUNT VALUE ------------ ---------- MUNICIPAL BONDS (93.1%) ALABAMA (3.2%) Birmingham Special Care Facilities, Carraway Methodist Health Project, Ser A, RB, 1.900%, 08/15/28, LOC:Amsouth Bank (f) $ 9,695 $ 9,695 Birmingham Special Care Facilities, Ser PT-510, RB, 1.950%, 11/15/20 LOC:Merrill Lynch & Co., Inc. (f) 14,080 14,080 Cherokee Industrial Development Board, BOC Group Project, RB, 1.860%, 04/01/08 LOC:Wachovia Bank of Georgia (f) 3,500 3,500 Covington County GO, SouthTrust Bank, 1.960%, 06/01/32 (f) 2,355 2,355 Daphne-Villa Mercy Special Care Facility Authority, Mercy Medical Project, RB, 1.860%, 12/01/27 LOC:Amsouth Bank (f) 12,800 12,800 Marion Education Building Authority, Judson College Project, RB, 1.910%, 01/01/33, LOC:South Trust Bank (f) 6,620 6,620 ---------- 49,050 ---------- ARIZONA (0.2%) Salt River Project Agricultural Improvement & Power District, Electric System, Ser SG-10, RB, 1.900%, 01/01/30 (f) 3,700 3,700 ---------- ARKANSAS (0.1%) Springdale Sales & Use Tax, RB, MBIA, 3.000%, 07/01/05 (f) 2,305 2,315 ---------- CALIFORNIA (3.3%) California State Housing Finance Agency, Ser J, RB, FSA, 1.900%, 02/01/32 (f) 15,000 15,000 California State Housing Finance Agency, Ser U, RB, FSA, 1.900%, 02/01/32 (f) 20,000 20,000 CSUCI Financing Authority, RB, LOC:Citibank, 1.600%, 08/01/31 (f) 6,100 6,100 Los Angeles Regional Airports Improvement Corp. Lease, RB, Societe Generale, 1.850%, 12/01/25 (f) 9,000 9,000 Sacramento City Financing Authority, Water Improvement Project, RB, AMBAC, 1.880%, 12/01/08 (f) 1,900 1,900 ---------- 52,000 ----------
COLORADO (0.4%) Colorado State Multi-Family Housing & Finance Authority, St. Moritz Project, Ser H, RB, FNMA, 1.870%, 10/15/16 (f) 5,615 5,615 ------ CONNECTICUT (2.1%) Connecticut State Health and Educational Facilities Authority, Ser PT-905, RB, FGIC, 2.200%, 08/12/19, Callable 07/01/05 @ 100 (f) 19,755 19,755 Connecticut State Special Obligation Rate Reduction, Ser A, RB, 3.000%, 06/30/05 (f) 12,975 13,034 ------ 32,789 ------ DISTRICT OF COLUMBIA (1.0%) District of Columbia Phillips College, RB, LOC:Bank of America, 1.870%, 08/01/33 (f) 6,000 6,000 District of Columbia Planned Parenthood, RB, LOC:Bank of America, 1.870%, 12/01/29 (f) 6,345 6,345 District of Columbia Planned Parenthood, RB, LOC:Branch Banking & Trust, 1.900%, 11/01/27 (f) 3,470 3,470 ------ 15,815 ------ FLORIDA (6.0%) De Soto County Industrial Development Authority, Tremron Project, RB, LOC:Branch Banking & Trust, 2.000%, 11/01/15 (f) 4,000 4,000 Florida State Housing Finance Authority, Brentwood Club Apartments Project, Ser A-1, RB, AMT, FNMA, 1.900%, 01/15/35 (f) 10,400 10,400 Florida State Multi-Family Housing Finance Authority, Bainbridge Project, Ser M, RB, AMT, FNMA, 1.860%, 12/01/25 (f) 6,270 6,270 Florida State Multi-Family Housing Finance Authority, St. Andrews Pointe Apartments, Ser E-1, RB, AMT, FNMA, 1.900%, 06/15/36 (f) 8,700 8,700 Florida State Multi-Family Housing Finance Authority, Stone Harbor Apartments, Ser K, RB, AMT, LOC:Amsouth Bank, 1.900%, 07/15/36 (f) 5,560 5,560 Hillsborough County Industrial Development Authority, Independent Day School Project, RB, LOC:Bank of America, 1.920%, 09/01/26 (f) 4,300 4,300 Jacksonville Economic Development 3,100 3,100 Authority, Goodwill Project, RB, LOC: SouthTrust Bank, 1.910%, 07/01/23 (f) Lee County Housing Finance Authority, Ser PT-611, RB, 1.650%, 03/01/34 (f) 1,570 1,570 Manatee County St. Stephens Upper School Project, RB, LOC:Bank of America, 1.920%, 11/01/25 (f) 3,300 3,300 Miami-Dade County Industrial Development Authority, Gulliver Schools Project, RB, LOC:Bank of America, 1.920%, 09/01/29 (f) 7,150 7,150
Munimae Trust, Ser PT-616, RB, AMT, FHLMC, 1.960%, 12/19/05 (f) 5,000 5,000 Orange County Housing Finance Authority, Charleston Club Apartments, Ser A, RB, AMT, FNMA, 1.860%, 07/15/34 (f) 7,000 7,000 Santa Rosa County Health Facilities Authority, Baptist Hospital, LOC:Bank of America, RB, 1.870%, 10/01/21 (f) 8,100 8,100 Sarasota County Health Facilities Authority, Bay Village Project, RB, LOC:Bank of America, 1.920%, 12/01/23 (f) 4,200 4,200 Tampa Bay Regional Water Supply Authority, RB, AMT, LOC:Bank of America, 1.920%, 10/01/31 (f) 9,200 9,200 University of North Florida Parking Systems Project, RB, LOC:First Union National Bank, 1.960%, 05/01/28 (f) 5,500 5,500 ------ 93,350 ------ GEORGIA (2.0%) Atlanta Airport Authority, Ser 313, RB, AMT, FGIC, 1.960%, 01/01/18 (f) 3,335 3,335 Cobb County Educational Facilities Development Authority, Kennesaw State University Project, RB, AMBAC, 1.860%, 11/01/18 (f) 5,030 5,030 Georgia State Eagle Trust, RB, LOC:Citibank, 1.900%, 07/01/15 (f) 7,025 7,025 Houston County Development Authority, Clean Control Project, RB, AMT, LOC:Branch Banking & Trust, 2.000%, 06/01/20 (f) 2,800 2,800 Metropolitan Atlanta Rapid Transit Authority, Ser SG-57, RB, AMBAC, 1.900%, 07/01/20 (f) 5,000 5,000 Savannah Economic Development Authority, Exempt Facilities - Construction Utilites Project, RB, AMT, LOC:Branch Banking & Trust, 2.000%, 12/01/19 (f) 2,190 2,190 Savannah Economic Development Authority, Kennickell Printing Project, RB, AMT, LOC:Branch Banking & Trust, 2.000%, 09/01/11 (f) 1,620 1,620 Toombs County Hospital Authority, Meadows Regional Medical, RB, LOC:Branch Banking & Trust, 1.900%, 12/01/17 (f) 4,700 4,700 ------ 31,700 ------ HAWAII (0.3%) Hawaii State Airports System, Ser PA-1110, RB, AMT, FGIC, 1.650%, 07/01/09 (f) 4,995 4,995 ------ IDAHO (0.1%) Idaho State Housing & Finance Association, Ser PA-115, RB, LOC:Merrill Lynch & Co., Inc., 1.950%, 01/01/27 (f) 821 821 ------
ILLINOIS (11.6%) Bloomington Normal Airport Authority, GO, LOC:Bank One, 1.920%, 01/01/12 (f) 700 700 Chicago Airport Special Facilities, Centerpoint O'Hare Project, RB, AMT, LOC:Bank One, 1.920%, 09/01/32 (f) 2,800 2,800 Chicago Merlots Project, Series WWW, GO, AMBAC, 1.910%, 01/01/22 (f) 11,000 11,000 Chicago Water Authority, Merlots Project, RB, LOC:Bank of New York, 2.275%, 11/01/30 (f) 14,940 14,940 Illinois State Development Finance Authority, RB, LOC:Danske Bank, 1.950%, 06/01/06 (f) 28,000 28,000 Illinois State Educational Facilities Authority, Chicago Childrens Museum Project, RB, LOC:Bank One, 1.870%, 02/01/28 (f) 1,600 1,600 Illinois State Educational Facilities Authority, Museum of Science & Industry Project, RB, LOC:Northern Trust Company, 1.870%, 11/01/15 (f) 4,500 4,500 Illinois State Finance Authority, Alexian Brothers Health Project, RB, LOC:Bank One, 1.880%, 04/01/35 (f) 46,000 46,000 Illinois State Health Facilities Authority, Advocate Health Care Project, Ser B, RB, 1.900%, 08/15/22 (f) 2,100 2,100 Illinois State Health Facilities Authority, Proctor Hospital Project, RB, LOC:Bank One, 1.870%, 01/01/12 (f) 3,400 3,400 Illinois State Housing Development Authority, Center Apartments Project, RB, 1.860%, 01/01/08 (f) 20,935 20,935 Illinois State Merlots, Ser B04, GO, FSA, 1.910%, 12/01/24 (f) 7,230 7,230 Illinois State Regional Transportation Authority, Ser SG-82, RB, 1.900%, 06/01/25 (f) 17,500 17,500 Lockport Industrial Development Authority, Panduit Project, RB, AMT, LOC:Fifth Third Bank, 1.940%, 04/01/25 (f) 2,000 2,000 Macon County Millikin University Project, RB, AMBAC, 1.900%, 10/01/28 (f) 5,850 5,850 Naperville Heritage YMCA Group, RB, LOC:Fifth Third Bank, 1.860%, 12/01/29 (f) 7,600 7,600 Savanna Industrial Development Authority, Metform Project, Ser A, RB, AMT, LOC:Bank One, 1.920%, 05/01/14 (f) 500 500 Savanna Industrial Development Authority, Ser B, RB, AMT, LOC:Bank One, 1.920%, 06/01/09 (f) 1,400 1,400 Wheeling Industrial Development Authority, Circuit Service Project, RB, AMT, LOC:Bank One Illinois, 2.020%, 04/01/18 (f) 1,600 1,600 ------- 179,655 -------
INDIANA (3.0%) Elkhart County Industrial Economic Development Authority, Holly Park Project, RB, AMT, LOC:Bank One Indiana, 2.020%, 02/01/10 (f) 1,300 1,300 Fort Wayne Economic Development Authority, Technical Project, RB, AMT, LOC:Bank One, 1.920%, 07/01/09 (f) 1,000 1,000 Indiana Bond Bank, RB, FGIC, 1.900%, 02/01/22, Callable 02/01/15 @ 100 (f) 5,190 5,190 Indiana State Development Finance Authority, Christel House Project, RB, LOC:Fifth Third Bank, 1.860%, 02/01/23 (f) 6,620 6,620 Indiana State Development Finance Authority, Culver Educational Project, RB, LOC:Northern Trust Company, 1.870%, 01/01/32 (f) 12,700 12,700 Indiana State Development Finance Authority, Historical Society Project, RB, LOC:Bank One Indiana, 1.870%, 08/01/31 (f) 1,200 1,200 Indiana State Health Facilities Financing Authority, Clarian Health Partners Project, Ser B, RB, LOC:NBD Bank, 1.860%, 02/15/26 (f) 2,000 2,000 La Porte County Industrial Economic Development Authority, Pedcor Investments - Woodland Project, RB, AMT, FHLB, 1.980%, 10/01/29 (f) 1,200 1,200 Marshall County Industrial Economic Development Authority, Culver Education Foundation Project, RB, LOC:Bank One, 1.870%, 01/01/35 (f) 8,300 8,300 Warren Township Vision 2005, Merlots, Ser A-52, RB, FGIC, 1.910%, 07/15/20 (f) 6,600 6,600 ------ 46,110 ------ IOWA (0.4%) Iowa Higher Education Loan Authority, Private College - Graceland Project, RB, LOC:Bank of America, 1.920%, 02/01/33 (f) 3,700 3,700 Sac County Industrial Development Authority, Evapco Project, RB, AMT, LOC:Bank of America, 1.970%, 07/01/16 (f) 2,620 2,620 ------ 6,320 ------ KANSAS (0.1%) Sedgewick & Shawnee Counties Single Family Revenue, RB, LOC:Merrill Lynch & Co., Inc., 1.950%, 12/01/22 (f) 2,165 2,165 ------ KENTUCKY (0.2%) Campbell County Industrial Building Authority, Hospital Imaging Project, RB, LOC:Fifth Third Bank, 1.880%, 04/01/20 (f) 2,815 2,815 ------ LOUISIANA (1.1%) Louisiana Public Facilities Authority, Advance Funding, Ser C, RB, 3.000%, 10/20/05 (f) 3,325 3,351
Louisiana Public Facilities Authority, Advance Funding, Ser D, RB, 3.000%, 10/20/05 (f) 13,235 13,339 ------ 16,690 ------ MARYLAND (1.6%) Maryland Community Development Administration Department Housing and Community Development, Ser C, RB, Lloyds LOC:TSB Bank, 1.860%, 09/01/35 (f) 15,040 15,040 Maryland State Economic Development Authority, YMCA Central Maryland Project, RB, LOC:Branch Banking & Trust, 1.900%, 04/01/28 (f) 4,450 4,450 Maryland State, Ser PA-816, GO, LOC: Merrill Lynch & Co., Inc., 1.880%, 03/01/12 (f) 5,995 5,995 ------ 25,485 ------ MASSACHUSETTS (2.0%) Massachusetts State Development Financing Agency, Boston University, Ser R2, RB, LOC:Societe Generale, 1.790%, 10/01/42 (f) 13,000 13,000 Massachusetts State, Ser 2003-25, GO, LOC:BNP Paribas, 1.880%, 04/01/17 (f) 8,000 8,000 Massachusetts State, Ser PT-1390, GO, FSA, 1.880%, 03/01/10 (f) 9,925 9,925 ------ 30,925 ------ MICHIGAN (1.6%) Detroit Sewer Disposal System, Ser E, RB, FGIC, 1.550%, 07/01/31 (f) 15,000 15,000 Michigan, Ser 2004-2, RB, AMT, ABN LOC:Amro Bank/GNMA, 1.970%, 12/20/11 (f) 9,780 9,780 Oakland County Economic Development Authority, Moody Family Limited Project, RB, AMT, LOC:Bank One Michigan, 2.020%, 09/01/12 (f) 600 600 ------ 25,380 ------ MISSOURI (0.2%) Carthage Industrial Development Authority, Schrieber Project, RB, AMT, LOC:First National Bank, 1.920%, 11/01/10 (f) 3,100 3,100 Missouri State Environmental Improvement & Energy Resource Authority, Utilicorp United Project, RB, AMT, LOC:Toronto Dominion Bank, 1.920%, 05/01/28 (f) 700 700 ------ 3,800 ------ MONTANA (0.5%) Missoula County Economic Development Authority, Dinny Stranahan Research Project, RB, LOC:Northern Trust Company, 1.870%, 06/01/20 (f) 8,500 8,500 ------
NEVADA (0.9%) Clark County Airport Improvement Authority, Sub-Lien, Ser A-2, RB, AMT, LOC:Westdeutsche Landesbank, 1.870%, 07/01/25 (f) 3,825 3,825 Nevada State Ser 344, GO, FGIC, 1.920%, 05/15/28 (f) 5,495 5,495 Nevada State Ser SG-114, RB, 1.900%, 03/01/27 (f) 5,000 5,000 ------- 14,320 ------- NEW JERSEY (2.4%) New Jersey State Transportation Authority, Ser PA-802, RB, FSA, 1.880%, 12/15/09 (f) 10,000 10,000 New Jersey Economic Development Authority, RB, MBIA, 1.880%, 06/15/10 (f) 16,270 16,270 New Jersey Economic Development Authority, RB, MBIA, 1.880%, 12/15/14 (f) 10,625 10,625 ------- 36,895 ------- NEW YORK (6.6%) New York City Municipal Water Financing Authority, Ser PA-454, RB, LOC:Merrill Lynch & Co., Inc., 1.880%, 07/15/30 (f) 14,500 14,500 New York City Municipal Water Financing Authority, Ser SGB-27, RB, FSA, 1.880%, 06/15/24 (f) 9,000 9,000 New York City PT-2203, RB, MBIA, 1.890%, 08/01/10 (f) 4,970 4,970 New York State Thruway Authority, Ser SG-119, RB, LOC:Societe Generale, 1.880%, 01/01/27 (f) 20,500 20,500 New York State Dormitory Authority, Ser PA-781, RB, FSA, 1.880%, 05/15/17 (f) 6,655 6,655 New York State Housing Finance Agency, Ser A, RB, AMT, FNMA, 1.890%, 11/01/35 (f) 15,000 15,000 New York State Local Goverment 14,925 14,925 Assistance, Ser PT-410, LOC:Merrill Lynch & Co., Inc., 1.880%, 04/01/10 (f) Sales Tax Asset Receivables Corp., Ser 2450, RB, LOC:Merrill Lynch & Co., Inc., 1.880%, 10/15/25, Callable 10/15/14 @ 100 (f) 15,000 15,001 Southeast New York Industrial Development Agency, Unilock New York Project, RB, AMT, LOC:Bank One, 2.020%, 12/01/12 (f) 2,000 2,000 ------- 102,551 ------- NORTH CAROLINA (5.1%) Charlotte Airport Authority, Ser A, RB, AMT, MBIA, 1.890%, 07/01/17 (f) 3,700 3,700 Charlotte Water & Sewer System, RB, 1.600%, 08/01/34, (f) 10,000 10,000 Charlotte Water & Sewer System, RB, LOC:Wachovia Bank, 2.000%, 06/03/05 (f) 11,500 11,500 Cleveland County Family YMCA, RB, LOC:Branch Banking & Trust, 1.900%, 08/01/18 (f) 2,400 2,400
Forsyth County Communications System Project, COP, LOC:Wachovia Bank, 1.900%, 10/01/12 (f) 10,345 10,345 Guilford County Industrial & Recreational Facilities Authority, YMCA Project, RB, LOC:Branch Banking & Trust, 1.900%, 02/01/23 (f) 4,800 4,800 Guilford County Ser B, GO, LOC:Wachovia Bank, 1.870%, 03/01/25 (f) 15,000 15,000 North Carolina State Educational Facilities Finance Agency, Guilford College Project, RB, MBIA, 1.890%, 05/01/24 (f) 2,000 2,000 North Carolina State Medical Care Authority, Westcare Health Systems, RB, LOC:Branch Banking & Trust, 1.900%, 09/01/22 (f) 4,600 4,600 North Carolina State Medical Care Commission, Friends Homes, RB, LOC:Bank of America, 1.900%, 09/01/33 (f) 6,955 6,955 North Carolina State Medical Care Community Hospital Lutheran Services for the Aging Project, RB, LOC:Branch Banking & Trust, 1.860%, 03/01/28 (f) 8,135 8,135 ------ 79,435 ------ OHIO (1.4%) Ohio State Air Quality Development Authority, JMG Limited Partnership, Ser A, RB, AMT, LOC:Westdeutsche Landesbank, 1.880%, 04/01/28 (f) 3,000 3,000 Ohio State Higher Educational Facility Commission, Pooled Financing Project, RB, LOC:Fifth Third Bank, 1.920%, 09/01/18 (f) 3,600 3,600 Rickenbacker Port Authority, YMCA of Central Ohio Project, RB, LOC:Fifth Third Bank, 1.870%, 05/01/22 (f) 8,000 8,000 Warrren County Health Care Improvement, Otterbein Project, Ser A, RB, LOC:Fifth Third Bank, 1.870%, 07/01/21 (f) 7,945 7,945 ------ 22,545 ------ OTHER (9.0%) Municipal Securities Pool Trust Receipts, 2.010%, 06/01/34 (f) 29,585 29,585 Municipal Securities Pool Trust Receipts, RB, LOC:Societe Generale, 2.010%, 01/01/35 (f) 8,800 8,800 Puttable Floating Option, Tax-Exempt Receipts, Ser PPT-36, 2.010%, 01/01/27 (f) 2,590 2,590 Puttable Floating Rate Option, Tax Exempt Receipts, Ser PPT-1001, Cl I, 2.010%, 03/01/40 (f) 10,000 10,000 Puttable Floating Rate Option, Tax-Exempt Receipts, Ser PPT-1001, Cl D, 1.820%, 03/01/40 (f) 10,000 10,000 Puttable Floating Rate Option, Tax-Exempt Receipts, Ser PPT-1003, Cl A, 2.400%, 01/01/32 (f) 20,000 20,000
Puttable Floating Rate Option, Tax-Exempt Receipts, Ser PPT-1003, Cl B, 1.960%, 01/01/32 (f) 58,000 58,000 ------- 138,975 ------- PENNSYLVANIA (3.9%) Allegheny County Hospital Development Authority, Ser PT-878, RB, LOC:Merrill Lynch & Co. Inc., 1.880%, 10/01/19, Callable 04/04/05 @ 101 (f) 23,965 23,965 Berks County Industrial Development Authority, Kutztown University Foundation Project, RB, LOC:Wachovia Bank, 1.860%, 01/01/27 (f) 12,700 12,700 Cambria County Industrial Development Authority, Kutztown University Foundation Project, RB, AMT, LOC:Bayerische Hypo, 2.050%, 12/01/28 (f) 7,125 7,125 Delaware River Port Authority, RB, FSA, 1.890%, 01/01/10 (f) 7,000 7,000 Philadelphia Industrial Development Authority, Chemical Heritage Foundation Project, RB, LOC:Wachovia Bank, 1.860%, 07/01/27 (f) 9,225 9,225 ------- 60,015 ------- PUERTO RICO (0.2%) Puerto Rico Public Finance Corp., Ser PA-502, 1.860%, 06/01/19, (f) 3,000 3,000 ------- RHODE ISLAND (0.4%) Rhode Island State Health & Educational Building Authority, Ocean Street Assitance, RB, LOC:Soverign Bank, 1.860%, 07/01/31 (f) 6,050 6,050 ------- SOUTH CAROLINA (3.5%) Newberry County Memorial Hospital Authority, Newberry County Memorial Hospital Project, RB, LOC:First Union National Bank, 1.860%, 12/01/29 (f) 9,780 9,780 South Carolina State Educational Facilities Authority, Charleston Southern University Project, RB, LOC:Bank of America, 1.870%, 04/01/28 (f) 5,550 5,550 South Carolina State Educational Facilities Authority, Newberry College Project, RB, LOC:Branch Banking & Trust, 1.900%, 08/01/22 (f) 3,775 3,775 South Carolina State Jobs Economic Development Authority, Anderson Area YMCA Project, RB, LOC:Bank of America, 1.920%, 11/01/24 (f) 7,100 7,100 South Carolina State Jobs Economic Development Authority, Carolina Village Project, RB, LOC:Branch Banking & Trust, 1.900%, 02/01/22 (f) 105 105 South Carolina State Jobs Economic Development Authority, Developmental Foundation Project, RB, LOC:Branch Banking & Trust, 1.900%, 12/01/10 (f) 6,000 6,000
South Carolina State Jobs Economic Development Authority, Diversified Coating Project, RB, LOC:Branch Banking & Trust, 2.000%, 04/01/17 (f) 2,285 2,285 South Carolina State Jobs Economic Development Authority, Sargent Metal Fabricators Project, RB, AMT, LOC:Branch Banking & Trust, 2.000%, 11/01/22 (f) 2,435 2,435 South Carolina State Jobs Economic Development Authority, YMCA Beaufort County Project, RB, LOC:Branch Banking & Trust, 1.900%, 12/01/24 (f) 3,450 3,450 South Carolina Housing Finance & Development Authority, Ser PT-1272, RB, FHLMC, 1.950%, 12/15/30 (f) 10,000 10,000 University of South Carolina, Jobs Economic Development Authority, Development Foundation Project, RB, LOC:Branch Banking & Trust, 1.900%, 12/01/10 (f) 4,000 4,000 ------ 54,480 ------ TENNESSEE (1.5%) Covington Industrial Development Board, Charms Project, RB, AMT, LOC:Bank of America, 1.920%, 06/01/27 (f) 3,000 3,000 Knox County Industrial Development Board, Educational Services of America Project, RB, LOC:Branch Banking & Trust, 1.900%, 12/01/22 (f) 3,510 3,510 Metropolitan Government Nashville & Davidson County, Nashville Christian School Project, RB, LOC:SouthTrust Bank, 1.910%, 09/01/23 (f) 1,565 1,565 Tennessee State Local Development Authority, Ser A, RB, 2.335%, 05/31/05 (f) 15,000 15,055 ------ 23,130 ------ TEXAS (3.9%) Coastal Bend Health Facilities Development Authority, Incarnate World Health Systems Project, Ser B, RB, AMBAC, 1.860%, 08/15/28 (f) 17,400 17,400 Houston Airport System, Ser SG-149, RB, FSA, 1.910%, 07/01/28 (f) 17,500 17,500 Houston Higher Education Finance Authority, Ser SG-139, RB, LOC:Societe Generale, 1.900%, 11/15/29 (f) 3,100 3,100 Houston Water & Sewer System Authority, Ser SG-78, RB, 1.900%, 12/01/25 (f) 8,835 8,835 Pearland Independent School District, Ser SG-106, GO, 1.900%, 02/15/22 (f) 600 600 Texas State, LOC:Eagle Trust, Ser 991301, GO, LOC:Citibank, 1.900%, 06/01/25 (f) 9,900 9,900 Texas State Lower Colorado River Authority, Merlots, Ser ZZZ, RB, FSA, 1.910%, 01/01/28 (f) 3,500 3,500 ------ 60,835 ------
VIRGINIA (11.1%) Alexandria Redevelopment & Housing Authority, Ser PT-1251, RB, LOC:Merrill Lynch & Co., Inc., 1.950%, 12/01/29 (f) 4,495 4,495 Charlottesville Industrial Development Authority, Seminole Project, Ser A, RB, LOC:Branch Banking & Trust, 1.930%, 12/01/13 (f) 3,545 3,545 Chesterfield County Industrial Development Authority, PT 2133, RB, LOC:Merrill Lynch & Co., Inc., 1.950%, 02/15/07, (f) 2,995 2,995 Clarke County Industrial Development Authority, Hospital Facilities, Winchester Medical Center Project, RB, FSA, 1.890%, 01/01/30, (f) 36,000 36,000 Clarke County Industrial Development Authority, Powhatan School District Project, RB, LOC:Branch Banking & Trust, 1.900%, 09/01/22 (f) 1,600 1,600 Danville-Pittsylvania Industrial Development Facility, Institute of Advanced Research Project, RB, LOC:Branch Banking & Trust, 1.900%, 08/01/12, (f) 2,325 2,325 Fairfax County Industrial Development Authority, Inova Health Systems Project, RB, 1.790%, 01/01/30, (f) 42,585 42,585 Front Royal & Warren County Industrial Development Authority, Warren Memorial Hospital Project, RB, LOC:Branch Banking & Trust, 1.900%, 05/01/23, (f) 2,945 2,945 Hanover County Industrial Development Authority, Covenant Woods Project, RB, LOC:Branch Banking & Trust, 1.900%, 07/01/29, (f) 10,810 10,810 Lexington Industrial Development Authority, RB, LOC:Wachovia Bank, 1.860%, 12/01/34, Callable 12/01/10 @ 100 (f) 10,000 10,000 Louisa County Industrial Development Authority, University of Virginia Health Services Foundation, RB, LOC:First Union National Bank, 1.870%, 10/01/30 (f) 3,000 3,000 Norfolk Redevelopment & Housing Authority, RB, LOC:Bank of America, 1.900%, 07/01/34 (f) 7,000 7,000 Rockingham County Industrial Development Authority, Sunnyside Presbyterian, RB, LOC:Branch Banking & Trust, 1.900%, 12/01/33 (f) 10,420 10,420 Shenandoah County Industrial Development Authority, Shenandoah Memorial Hospital, RB, LOC:Branch Banking & Trust, 1.900%, 11/01/14 (f) 3,270 3,270 University of Virginia Merlots, Ser B-31, RB, LOC:Wachovia Bank, 1.910%, 06/01/27 (f) 4,735 4,735 Virginia Beach Development Authority, Ser PT-1146, RB, AMT, LOC:Wachovia Bank, 1.960%, 09/01/16 (f) 1,100 1,100
Virginia College Building Authority, Shenandoah University Project, RB, LOC:Branch Banking & Trust, 1.870%, 05/01/32 (f) 3,000 3,000 Virginia State Resource Authority, Clean Water Revenue, Ser PA-790, RB, 1.880%, 10/01/16, Callable 10/01/10 @ 100 (f) 2,000 2,000 Virginia State Biotechnology Research Park Authority, RB, LOC:Wachovia Bank, 1.860%, 04/01/27 (f) 6,890 6,890 Virginia State Public School Authority, Ser PT-1619, RB, 1.880%, 08/01/08, (f) 2,480 2,480 Viriginia, Ser 2003-33, RB, MBIA 1.880%, 04/01/11 (f) 5,370 5,370 Williamsburg Industrial Development Authority, Colonial Williamsburg, RB, LOC:First Union National Bank, 1.860%, 10/01/35 (f) 4,220 4,220 --------- 170,785 --------- WASHINGTON (2.0%) King County Housing Authority, RB, 1.880%, 09/20/42 (f) 5,580 5,580 King County Water & Sewer Authority, Ser PT-1071, RB, FSA, 1.900%, 01/01/10 (f) 7,495 7,495 Seattle, Ser 348, GO, LOC:Morgan Stanley, 1.920%, 12/15/28 (f) 4,495 4,495 Washington State Public Power Supply System, Nuclear Power Supply System, Nuclear Power Project No. 1, Ser 1A-1, RB, LOC:Bank of America, 1.860%, 07/01/17 (f) 3,745 3,745 Washington State Merlots, Ser B-23, GO, MBIA, 1.910%, 12/01/25 (f) 10,000 10,000 --------- 31,315 --------- WISCONSIN (0.2%) Appleton Industrial Development, Pro Label Project, RB, AMT, LOC:Bank One, 2.120%, 11/01/12 (f) 585 585 Germantown Industrial Development Authority, Speaker Project, RB, AMT, LOC:Bank One Milwaukee, 2.120%, 08/01/11 (f) 560 560 Holland Industrial Development Authority, White Clover Dairy Project, RB, AMT, LOC:Bank One Wisconsin, 2.020%, 06/01/13 (f) 985 985 Oconomowoc Industrial Development Authority, Quest Technologies Project, RB, AMT, LOC:Bank One Wisconsin, 2.020%, 05/01/18 (f) 1,255 1,255 --------- 3,385 --------- TOTAL MUNICIPAL BONDS (COST $1,447,711) 1,447,711 ---------
MONEY MARKET FUNDS (6.8%) Goldman Sachs Financial Square Funds, Tax Free Money Market Fund 74,070,496 74,070 SEI Tax Exempt Trust, Institutional Tax Free Fund 31,900,000 31,900 ---------- TOTAL MONEY MARKET FUNDS (COST $105,970) 105,970 ---------- TOTAL INVESTMENTS (COST $1,553,681) (a) - 99.9% 1,553,681 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.1% 2,265 ---------- NET ASSETS - 100.0% $1,555,946 ==========
------------ SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS U.S. GOVERNMENT SECURITIES MONEY MARKET FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
PRINCIPAL AMOUNT VALUE ---------- ------------ U.S. GOVERNMENT AGENCIES (83.0%) FANNIE MAE (44.5%) 2.460%, 03/23/05 $ 35,000 $ 35,000 1.550%, 04/01/05 10,000 9,987 2.558%, 05/03/05 25,000 24,999 2.067%, 06/24/05 15,000 14,904 2.553%, 08/29/05 35,000 34,991 2.308%, 09/06/05 50,000 49,980 2.470%, 09/15/05 50,000 49,985 2.456%, 10/14/05 20,000 19,700 2.984%, 11/10/05 10,000 9,798 2.556%, 12/29/05 55,000 54,978 2.490%, 01/09/06 49,200 49,176 ------------ 353,498 ------------ FEDERAL FARM CREDIT BANK (8.1%) 2.490%, 05/16/05 25,000 24,999 2.198%, 09/15/05 15,000 14,823 2.590%, 09/30/05 25,000 25,002 ------------ 64,824 ------------ FEDERAL HOME LOAN BANK (17.3%) 1.200%, 04/01/05 15,000 15,000 1.400%, 04/01/05, Callable 3/08/05 @ 20,000 20,000 100 2.315%, 09/08/05 10,850 10,846 2.490%, 09/16/05 65,000 64,984 2.485%, 10/05/05 27,000 26,994 ------------ 137,824 ------------ FREDDIE MAC (13.1%) 2.410%, 03/14/05, (c) 25,000 24,979 2.051%, 06/09/05 20,000 19,888 2.020%, 06/27/05 15,000 14,902 2.333%, 09/20/05 10,000 9,871 2.346%, 10/18/05 15,000 14,779 2.802%, 11/15/05 20,000 19,608 ------------ 104,027 ------------ TOTAL U.S. GOVERNMENT AGENCIES (COST $660,173) 660,173 ------------ REPURCHASE AGREEMENTS (17.1%) ABN Amro Bank, 2.555%, dated 02/28/05, 28,611 28,611 to be repurchased on 03/01/05, repurchase price $28,631,060 (collateralized by US Treasury Obligations; 2.600% total market value $29,183,319) Bear Stearns & Co., Inc., 2.565%, dated 02/28/05, 3,354 3,354 to be repurchased on 03/01/05, repurchase price $3,354,575 (collateralized by GNMA Obligations; 4.000 % total market value $3,421,762)
BNP Paribas, 2.585%, dated 02/28/05, 10,254 10,254 to be repurchased on 03/01/05, repurchase price $10,254,534 (collateralized by FMDN Obligations; 2.620% total market value $10,458,968) Lehman Brothers Inc., 2.555%, dated 19,599 19,599 02/28/05, to be repurchased on 03/01/05, repurchase price $19,599,924 (collateralized by FGPC Obligations; 5.000% total market value $19,988,933) Merrill Lynch & Co., Inc., 2.535%, dated 02/28/05, 32,603 32,603 to be repurchased on 03/01/05, repurchase price $ 32,604,831 (collateralized by FN-MS Obligations; 5.355% total market value $33,255,242.) Morgan Stanley, 2.575%, dated 15,961 15,961 02/28/05, to be repurchased on 03/01/05, repurchase price $15,962,606 (collateralized by FG-PC Obligations; total market value $16,280,694) UBS Warburg LLC, 2.575%, dated 26,169 26,169 02/28/05, to be repurchased on 03/01/05, ------------ repurchase price $26,170,698 (collateralized by FGRM Obligations; 5.000% total market value $26,696,754) TOTAL REPURCHASE AGREEMENTS (COST $136,551) 136,551 ------------ TOTAL INVESTMENTS (COST $796,724) (a) - 100.1% 796,724 LIABILITIES IN EXCESS OF OTHER ASSETS - (0.1)% (415) ------------ NET ASSETS - 100.0% $ 796,309 ============
---------- SEE NOTES TO SCHEDULE OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS U.S. TREASURY MONEY MARKET FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
PRINCIPAL AMOUNT VALUE ---------- ------------ U.S. TREASURY OBLIGATIONS (21.8%) U.S. TREASURY BILLS (9.2%) 2.182%, 03/31/05 $ 40,000 $ 39,928 2.368%, 04/21/05 90,000 89,705 ------------ 129,633 ------------ U.S. TREASURY NOTES (12.6%) 6.750%, 05/15/05 95,000 95,899 5.750%, 11/15/05 80,000 81,829 ------------ 177,728 ------------ TOTAL U.S. TREASURY OBLIGATIONS (COST $307,361) 307,361 ------------ REPURCHASE AGREEMENTS (78.2%) 70,190 70,190 ABN Amro Bank, 2.555% dated 02/28/05, to be repurchased on 03/01/05, repurchase price $70,195,333 (collaterized by U.S. Treasury Obligations 0.000% 08/11/05; total market value $71,594,705) Bear Stearns & Co., Inc. 2.525% dated 02/28/05, to 24,901 24,901 be repurchased on 03/01/05, repurchase price $24,903,110 (collaterized by U.S. Treasury Obligations 2.250%-3.125% 02/15/07-05/15/07; total market value $26,147,149) BNP Paribas, 2.555% dated 02/28/05, to 316,434 316,435 be repurchased on 03/01/05, repurchase price $316,456,644 (collaterized by U.S. Treasury Obligations 0.000%-5.500% 11/15/05-11/15/27; total market value $322,763,070) Deutsche Bank AG, 2.535% dated 02/28/05, 66,962 66,962 to be repurchased on 03/01/05, repurchase price $66,966,964 (collaterized by U.S. Treasury Obligations 6.000%-8.750% 08/15/20-02/15/26; total market value $68,301,712) Dresdner Bank AG, 2.555% dated 02/28/05, 63,459 63,459 to be repurchased on 03/01/05, repurchase price $63,463,777 (collaterized by U.S. Treasury Obligations 0.000%-5.250% 04/28/05-02/15/29; total market value $64,730,884) Greenwich Capital, 2.555% dated 263,485 263,485 02/28/05, to be repurchased on 03/01/05, repurchase price $263,503,797 (collaterized by U.S. Treasury Obligations 3.875% 05/15/09; total market value $268,758,051)
JPMorgan Chase & Co., 2.545% dated 02/28/05, to 58,337 58,337 be repurchased on 03/01/05, repurchase price $58,341,448 (collaterized by U.S. Treasury Obligations 1.500%-5.750% 07/31/05-11/15/05; total market value $59,505,239) Lehman Brothers, Inc., 2.505% dated 51,828 51,828 02/28/05, to be repurchased on 03/01/05, repurchase price $51,832,094 (collaterized by U.S. Treasury Obligations 8.750% 05/15/17-05/15/20; total market value $52,866,953) Merrill Lynch Co., Inc. 2.505% dated 02/28/05, 60,550 60,550 to be repurchased on 03/01/05, repurchase price $60,553,974 (collaterized by U.S. Treasury Obligations 0.000% 11/15/17-08/15/20; total market value $61,761,641) Morgan Stanley 2.525% dated 02/28/05, to be 61,062 61,062 repurchased on 03/01/05, repurchase price $61,065,944 (collaterized by U.S. Treasury Obligations 3.625% 04/15/28; total market value $62,283,683) UBS Warburg LLC, 2.555% dated 02/28/05, 61,884 61,884 to be repurchased on 03/01/05, repurchase ------------ price $61,888,213 (collaterized by U.S. Treasury Obligations 0.000% 06/09/05; total market value $63,121,851) TOTAL REPURCHASE AGREEMENTS (COST $1,099,093) 1,099,093 ------------ TOTAL INVESTMENTS (COST $1,406,454) (a) - 100.0% 1,406,454 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.0% 663 ------------ NET ASSETS - 100.0% $ 1,407,117 ============
---------- SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS VIRGINIA TAX-FREE MONEY MARKET FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE ---------- ------------ MUNICIPAL BONDS (97.8%) PUERTO RICO (11.8%) Puerto Rico Commonwealth, 1.860%, 07/01/13, (f) $ 7,040 $ 7,040 Puerto Rico Commonwealth Highway 10,000 10,000 & Transportation Authority, Ser PT 1834, RB, AMBAC, 1.860%, 01/01/09, (f) Puerto Rico Finance Agency, Ser 609, 1.860%, 08/01/19, (f) 8,370 8,370 Puerto Rico Public Building Authority, 7,000 7,000 Ser 577, RB, AMBAC, 1.860%, 07/01/21, (f) Puerto Rico Public Finance Corp., 7,300 7,300 AMBAC, 1.860%, 06/01/14, Callable 07/01/08 @ 101.5 (f) Puerto Rico Public Finance Corp., Ser 3,315 3,315 PA-502, 1.860%, 06/01/19, (f) ------------ 43,025 ------------ VIRGINIA (86.0%) Albemarle County Industrial 2,445 2,445 Development Authority, Eldercare Gardens Project, RB, LOC: Bank of America, 1.870%, 12/01/05, (f) Albemarle County Industrial 6,185 6,185 Development Authority, University of Virginia Health Services Project, RB, 1.860%, 10/01/22, (f) Alexandria Industrial Development 4,295 4,295 Authority, Alexandria County Day School Project, RB, 1.910%, 06/01/25, (f) Alexandria Industrial Development 2,070 2,070 Authority, American Red Cross Project, RB, LOC: First Union National Bank, 1.910%, 01/01/09, (f) Alexandria Industrial Development 1,485 1,485 Authority, Association for Supervision & Currency Project, RB, 1.860%, 07/01/23, (f) Alexandria Industrial Development 1,000 1,000 Authority, Pooled Loan Program, Ser A, RB, LOC: Bank of America, 1.870%, 07/01/26, (f) Alexandria Redevelopment & Housing 1,000 1,000 Authority, Ser PT 1444, RB, 1.950%, 07/01/05, (f) Arlington County Ballston Public 6,750 6,750 Parking Project, RB, LOC: Citibank, 1.850%, 08/01/17, (f)
Ashland Industrial Development 8,605 8,605 Authority, Health & Community Services Facilities Authority, YMCA Greater Richmond Project, Ser A, RB, 1.860%, 11/01/20, (f) Charles City County Economic 4,000 4,000 Development Authority, Waste Management Inc. Project, Ser A, RB, AMT, LOC: JP Morgan Chase, 1.920%, 02/01/29, (f) Chesapeake Bay Bridge & Tunnel 6,755 6,755 Community District Authority, General Resolution Project, RB, MBIA, 1.900%, 07/01/25, (f) Chesterfield County Industrial 4,000 4,000 Development Authority, Ser PT 2133, RB, 1.950%, 02/15/07, (f) Chesterfield County Industrial 1,265 1,265 Development Authority, Virginia State University Real Estate, Ser A, RB, LOC: Bank of America, 1.870%, 07/01/29, (f) Clarke County Industrial Development 10,000 10,000 Authority, Hospital Facilities, Winchester Medical Center Project, RB, FSA, 1.890%, 01/01/30, (f) Danville-Pittsylvania Industrial 7,130 7,130 Development Facility, Institute of Advanced Research Project, RB, LOC: Branch Banking & Trust, 1.900%, 08/01/12, (f) Fairfax County Economic Development 4,640 4,640 Authority, Flint Hill School Project, RB, LOC: First Union National Bank, 1.890%, 09/01/21, (f) Fairfax County Industrial Development 3,960 3,960 Authority, Fairfax Hospital Project, Ser B, RB, 1.790%, 10/01/25, (f) Fairfax County Industrial Development 15,600 15,600 Authority, Inova Health Systems Project, RB, 1.790%, 01/01/30, (f) Fairfax County Industrial Development 900 900 Authority, Inova Services Project, Ser A, RB, 1.790%, 01/15/22, (f) Fairfax County Sewer Authority, RB, 5,000 5,000 1.880%, 07/15/15, (f) Fairfax County Water Authority, 7,850 7,850 Municipal Trade Receipts Project, RB, 1.900%, 04/01/30, (f) Front Royal & Warren County 580 580 Industrial Development Authority, Warren Memorial Hospital Project, RB, LOC: Branch Banking & Trust, 1.900%, 05/01/23, (f) Greene County Industrial Development 5,900 5,900 Authority, Blue Ridge School Project, RB, LOC: Branch Banking & Trust, 1.900%, 06/01/26, (f) Hampton Roads Jail Authority, Ser 1,200 1,200 569, RB, MBIA, 1.900%, 07/01/12, (f) Hampton Redevelopment & Housing 2,750 2,750 Authority, Multi-Family Housing, Avalon at Hampton Inn Project, Ser A, RB, LOC: Credit Suisse First Boston, 1.800%, 06/15/26, (f)
Hampton Redevelopment & Housing 4,537 4,537 Authority, Multi-Family Housing, Avalon Pointe Project, RB, AMT, FNMA, 1.860%, 06/15/26, (f) Hanover County Industrial Development 6,000 6,000 Authority, Covenant Woods Project, RB, LOC: Branch Banking & Trust, 1.900%, 07/01/29, (f) Henrico County Economic Development 2,700 2,700 Authority, Steward School Project, RB, LOC: Branch Banking & Trust, 1.900%, 07/01/33, (f) King George County Industrial 5,275 5,275 Development Authority, Lease Revenue, Ser PT 2473, RB, FSA, 1.880%, 03/01/24, (f) Loudon County Industrial Development 9,300 9,300 Authority, Howard Hughes Medical Institute Project, Ser D, RB, 1.840%, 02/15/38, (f) Loudon County Industrial Development 4,400 4,400 Authority, Howard Hughes Medical Project, Ser F, RB, 1.840%, 02/15/38, (f) Loudoun County Industrial 3,000 3,000 Development Authority, Howard Hughes Medical Institute Project, Ser C, RB, 1.750%, 02/15/38, (f) Louisa County Industrial Development 1,005 1,005 Authority, Pooled Financing Project, RB, LOC: Bank of America, 1.870%, 01/01/20, (f) Lynchburg Industrial Development 2,075 2,075 Authority, Aerofin Project, RB, AMT, LOC: PNC Bank, 2.010%, 03/01/29, (f) Lynchburg Industrial Development 7,870 7,870 Authority, Educational Facilities, Randolph Macon Project, RB, LOC: Wachovia Bank, 1.860%, 09/01/23, (f) Lynchburg Industrial Development 6,930 6,930 Hospital Facilities, First Mortgage, Mid Atlantic, Ser G, RB, AMBAC, 1.880%, 12/01/25, (f) Manassas School Project, 3.000%, 07/01/05, (f) 1,100 1,105 Newport News, Redevelopment & 8,950 8,950 Housing Authority, Ser PT 1374, RB, 1.880%, 12/01/06, (f) Newport News Economic Development 5,200 5,200 Authority, Jefferson Point Development Project, RB, LOC: Credit Suisse First Boston, 1.890%, 11/01/11, (f) Newport News Industrial Development 4,300 4,300 Authority, CNU Warwick Student Housing Project, RB, LOC: Bank of America, 1.870%, 11/01/28, (f)
Norfolk Industrial Development 15,300 15,300 Authority, Children's Hospital Facilities Project, RB, LOC: Wachovia Bank, 1.870%, 06/01/20, (f) Norfolk Redevelopment & Housing 3,000 3,000 Authority, Old Dominion University Project, RB, LOC: Bank of America, 1.870%, 08/01/33, (f) Norfolk Redevelopment & Housing 4,400 4,400 Authority, Old Dominion University Project, Ser B, RB, LOC: Bank of America, 1.870%, 08/01/33, (f) Orange County Industrial Development 1,860 1,860 Authority, Zamma Project, RB, LOC: Southtrust Bank, 2.010%, 12/01/22, (f) Penisula Port Authority, Dominion 1,315 1,315 Term Project, Ser C, RB, 1.790%, 07/01/16, (f) Penisula Ports Authority, Riverside 4,900 4,900 Health Systems Project, RB, 1.920%, 07/01/37, (f) Portsmouth Industrial Development 2,645 2,645 Authority, Fairwood Homes Project, Ser A, RB, LOC: Bank of America, 1.900%, 11/01/27, (f) Prince Edward County Industrial 2,050 2,050 Development Authority, Eldercare of Virginia Project, RB, LOC: Bank of America, 1.870%, 08/01/05, (f) Roanoke Industrial Development 5,500 5,500 Authority, Hollins University Project, RB, LOC: First Union National Bank, 1.860%, 05/01/15, (f) University of Virginia, Ser A, RB, 13,000 13,000 1.840%, 06/01/34, (f) Virginia Beach Development Authority, 12,830 12,830 Multi-Family Housing, Ser PT-1146, RB, SPA: Merrill Lynch Capital, 1.910%, 07/01/06, (f) Virginia Beach Development Authority, 1,785 1,785 Ocean Ranch Project, RB, LOC: Branch Banking & Trust, 1.900%, 07/01/17, (f) Virginia State Resource Authority, Clean 2,600 2,600 Water Revenue, Ser PA-790, RB, 1.880%, 10/01/16, Callable 10/01/10 @ 100 (f) Virginia State Port Authority, Ser SG 14,705 14,705 111, RB, 1.930%, 07/01/24, (f) Virginia State Commonwealth 2,900 2,900 Transportation Board Authority, Ser SG 134, RB, 1.880%, 05/15/22, Callable 05/15/09 @ 101 (f) Virginia State Public Building 1,785 1,785 Authority, Ser 131, RB, 1.900%, 08/01/19, Callable 08/01/08 @ 100 (f) Virginia State Public School Authority, 8,480 8,480 Ser PT-1619, RB, 1.880%, 08/01/08, (f)
Virginia State Public School Authority, 4,140 4,140 Ser II-R 4050, RB, 1.900%, 08/01/17, Callable 08/01/13 @ 100 (f) Virginia State Small Business 1,740 1,740 Financing Authority, Clarke County Industrial Development Project, RB, AMT, LOC: Branch Banking & Trust, 2.000%, 07/01/25, (f) Virginia State Transportation Board 10,560 10,560 Authority, Eagle Trust, Ser 994601, RB, 1.900%, 05/15/19, Callable 05/15/09 @ 101 (f) Virginia College Building Authority, 9,435 9,435 Ser 134, RB, FSA, 1.880%, 09/01/18, (f) Williamsburg Industrial Development 600 600 Authority, Colonial Williamsburg ------------ Museum Foundation Project, RB, LOC: Bank of America, 1.870%, 12/01/18, (f) 313,542 ------------ TOTAL MUNICIPAL BONDS (COST $356,567) 356,567 ------------ MONEY MARKET FUNDS (2.1%) Federated Virginia Municipal Cash 7,697,053 7,697 Trust, Institutional Class ------------ TOTAL MONEY MARKET FUNDS (COST $7,697) 7,697 ------------ TOTAL INVESTMENTS (COST $364,264) (a) - 99.9% 364,264 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.1% 366 ------------ NET ASSETS - 100.0% $ 364,630 ============
---------- SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS CLASSIC INSTITUTIONAL HIGH QUALITY BOND FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
PRINCIPAL AMOUNT VALUE --------- -------- CORPORATE BONDS (19.2%) AUTO MANUFACTURERS (0.4%) American Honda Finance Corp., 3.850%, 11/06/08 (g) $ 145 $ 143 DaimlerChrysler NA Holdings Corp., 7.300%, 01/15/12 150 168 -------- 311 -------- BANKS (1.6%) Bank of America Corp., 7.400%, 01/15/11 695 794 Bank One Corp., 7.625%, 08/01/05 320 326 -------- 1,120 -------- BIOTECHNOLOGY (0.4%) Amgen, Inc., 4.000%, 11/18/09, (g) 315 310 -------- DIVERSIFIED FINANCIAL SERVICES (10.3%) American Express Co., 3.750%, 11/20/07 550 545 Caterpillar Financial Services Corp., 4.500%, 06/15/09 420 423 CIT Group, Inc., 5.750%, 09/25/07 545 565 CIT Group, Inc., 5.500%, 11/30/07 100 103 CIT Group, Inc., 5.125%, 09/30/14 85 85 Citigroup, Inc., 5.125%, 05/05/14 665 677 Ford Motor Credit Co., 7.000%, 10/01/13 570 586 Goldman Sachs Group, Inc., (The) 3.875%, 01/15/09 145 143 Goldman Sachs Group, Inc., (The) 4.750%, 07/15/13 830 817 Household Finance Corp., 6.375%, 11/27/12 755 824 International Lease Finance Corp., 5.625%, 06/01/07 100 103 International Lease Finance Corp., 5.875%, 05/01/13 790 830 J. P. Morgan Chase & Co., 6.625%, 03/15/12 645 714 Merrill Lynch & Co., Inc., 3.700%, 04/21/08 95 94 Merrill Lynch & Co., Inc., 5.000%, 01/15/15 185 183 Morgan Stanley, 5.300%, 03/01/13 745 764 -------- 7,456 -------- ELECTRIC (0.4%) Consolidated Edison Co. of New York, Inc., 4.700%, 06/15/09 225 228 Florida Power & Light, Co., 6.875%, 12/01/05 55 56 --------
284 -------- INSURANCE (1.3%) Berkshire Hathaway Financial, Inc., 3.375%, 10/15/08 410 399 MetLife, Inc., 5.250%, 12/01/06 225 230 Prudential Financial, Inc., 3.750%, 05/01/08 135 133 Prudential Financial, Inc., 5.100%, 09/20/14 150 150 -------- 912 -------- INVESTMENT COMPANIES (0.4%) Credit Suisse First Boston USA, Inc., 6.500%, 01/15/12 260 286 -------- MISCELLANEOUS MANUFACTURER (2.1%) General Electric Co., 5.000%, 02/01/13 1,520 1,543 -------- RETAIL (0.6%) Wal-Mart Stores, Inc., 4.550%, 05/01/13 450 450 -------- SAVINGS & LOANS (0.3%) Golden West Financial Corp., 4.125%, 08/15/07 185 185 -------- SOFTWARE (0.8%) First Data Corp., 4.700%, 11/01/06 560 568 -------- TELECOMMUNICATIONS (0.6%) SBC Communications, Inc., 5.625%, 06/15/16 85 88 Verizon Global Funding Corp., 7.250%, 12/01/10 320 361 -------- 449 -------- TOTAL CORPORATE BONDS (COST $13,817) 13,874 -------- U.S. GOVERNMENT AGENCIES (0.8%) FANNIE MAE (0.8%) 5.725%, 03/01/12 232 245 6.260%, 05/01/12 312 339 -------- TOTAL U.S. GOVERNMENT AGENCIES (COST $587) 584 -------- U.S. TREASURY OBLIGATIONS (79.2%) U.S. TREASURY INFLATION PROTECTED NOTES/BONDS (10.9%) 1.875%, 07/15/13 7,415 7,864 -------- U.S. TREASURY NOTES (68.3%) 1.625%, 03/31/05 300 300 1.625%, 04/30/05 1,155 1,153 3.500%, 11/15/06 18,960 18,953 3.125%, 05/15/07 16,810 16,629 3.125%, 04/15/09 1,000 970 6.000%, 08/15/09 10,470 11,340 -------- 49,345 -------- TOTAL U.S. TREASURY OBLIGATIONS (COST $57,396) 57,209 -------- REPURCHASE AGREEMENTS (0.4%) Merrill Lynch & Co., Inc., 2.535% dated 02/28/05, to be repurchased on 03/01/05, repurchased price $287,200 (collaterized by FNMA Obligations 5.500%, 01/01/35; total market value $294,175) 287 287 --------
TOTAL REPURCHASE AGREEMENTS (COST $287) 287 -------- TOTAL INVESTMENTS (COST $72,087) (a) - 99.6% 71,954 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.4% 298 -------- NET ASSETS - 100.0% $ 72,252 ========
---------- SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS CLASSIC INSTITUTIONAL SHORT-TERM BOND FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE ---------- ------- CORPORATE BONDS (44.9%) AUTO MANUFACTURERS (2.9%) DaimlerChrysler Auto Trust, Ser 2004-A, Class A2, 1.410%, 11/08/06 $ 358 $ 356 DaimlerChrysler NA Holdings Corp., 4.750%, 01/15/08 145 146 USAA Auto Owner Trust, Ser 2004-1, Class A3, 2.060%, 04/15/08 450 443 ------- 945 ------- AUTOMOBILE ABS (5.0%) Capital Auto Receivables Asset Trust, 3.580%, 10/16/06 276 276 Capital Auto Receivables Asset Trust, 2.640%, 03/17/08 485 482 Ford Credit Auto Owner Trust, 2.130%, 10/15/06 380 378 Honda Auto Receivables Owner Trust, 3.610%, 12/18/07 500 502 ------- 1,638 ------- BANKS (2.3%) Bank of America Corp., 5.250%, 02/01/07 355 364 Wachovia Corp., 6.375%, 02/01/09 370 396 ------- 760 ------- BEVERAGES (0.5%) Coca-Cola Enterprises, 5.250%, 05/15/07 165 169 ------- COMMERCIAL MBS (1.1%) Wachovia Bank Commercial Mortgage Class A2, 4.380%, 10/15/41 345 343 ------- CREDIT CARD ABS (3.5%) Bank One Issuance Trust, 2.940%, 06/16/08 500 498 Citibank Credit Card Issuance Trust, 2.550%, 01/20/09 350 342 MBNA Credit Card Master Note Trust, 3.650%, 03/15/11 300 295 ------- 1,135 ------- DIVERSIFIED FINANCIAL SERVICES (17.5%) Bear Stearns & Co., Inc., 5.700%, 01/15/07 275 284 Boeing Capital Corp., 5.650%, 05/15/06 72 74 Capital One Financial Corp., 7.250%, 05/01/06 150 156
Citigroup, Inc., 4.125%, 02/21/06 90 90 Citigroup, Inc., 5.000%, 03/06/07 475 484 Citigroup, Inc., 4.250%, 02/01/10 245 241 Countrywide Home Loan, Inc., Ser MTN, 5.500%, 08/01/06 350 358 Credit Suisse First Boston USA, Inc., 5.875%, 08/01/06 325 334 Ford Motor Credit Co., 6.875%, 02/01/06 240 246 Ford Motor Credit Co., 6.500%, 01/25/07 130 134 General Electric Capital Corp., 5.000%, 06/15/07 225 230 General Motors Acceptance Corp., 6.125%, 08/28/07 225 229 Goldman Sachs Group, Inc. (The), 4.125%, 01/15/08 335 335 Household Finance Corp., 5.750%, 01/30/07 365 377 International Lease Finance Corp., 3.750%, 08/01/07 165 163 International Lease Finance Corp., 3.500%, 04/01/09 125 120 JP Morgan Chase & Co., 5.250%, 05/30/07 345 354 KFW International Finance, Inc., 4.750%, 01/24/07 335 342 Lehman Brothers Holdings, Inc., 6.250%, 05/15/06 295 304 Merrill Lynch & Co., Inc., Ser B, 3.375%, 09/14/07 180 177 Morgan Stanley, 5.800%, 04/01/07 235 243 National Rural Utilities Cooperative Finance Corp., 3.000%, 02/15/06 425 422 ----- 5,697 ----- ELECTRIC (1.5%) Alabama Power Co., Ser X, 3.125%, 05/01/08 50 48 American Electric Power Co., Inc., Ser A, 6.125%, 05/15/06 85 87 Dominion Resources, Inc., Ser B, 7.625%, 07/15/05 175 179 PacifiCorp, 6.750%, 04/01/05 100 100 PG&E Corp., 3.260%, 04/03/06, (f) 63 63 ----- 477 ----- FOOD (0.5%) Safeway, Inc., 6.150%, 03/01/06 160 164 ----- FOREST PRODUCTS & PAPER (0.3%) Weyerhaeuser Co., 6.125%, 03/15/07 95 99 ----- INSURANCE (1.5%) Allstate Corp., 7.875%, 05/01/05 320 323 Metlife, Inc., 3.911%, 05/15/05 115 115 Safeco Corp., 4.200%, 02/01/08 65 65 ----- 503 ----- MEDIA (2.0%) AOL Time Warner, Inc., 6.150%, 05/01/07 140 146 Comcast Cable Communications, Inc., 8.375%, 05/01/07 145 158
Univision Communications, Inc., 2.875%, 10/15/06 85 83 Viacom, Inc., 7.750%, 06/01/05 250 253 ------ 640 ------ OTHER ABS (1.6%) JP Morgan Mortgage Trust, Ser 2005-A1, Class 5A1, 4.484%, 02/25/35 525 519 ------ REITS (0.5%) Equity Office Properties Trust, 8.375%, 03/15/06 150 157 ------ TELECOMMUNICATIONS (4.2%) British Telecom PLC, 7.875%, 12/15/05 325 336 Deutsche Telekom Finance, 8.250%, 06/15/05 300 304 SBC Communications, Inc., 5.750%, 05/02/06 190 194 SBC Communications, Inc., 4.125%, 09/15/09 (e) 90 88 Verizon Global Funding Corp., 6.125%, 06/15/07 194 203 Verizon Wireless, Inc., 5.375%, 12/15/06 225 231 ------ 1,356 ------ TOTAL CORPORATE BONDS (COST $14,759) 14,602 ------ FOREIGN GOVERNMENT BONDS (0.7%) CANADA (0.7%) Quebec Province, 5.500%, 04/11/06 225 230 ------ TOTAL FOREIGN GOVERNMENT BONDS (COST $234) 230 ------ U.S. GOVERNMENT AGENCIES (37.7%) FANNIE MAE (13.4%) 2.625%, 01/19/07 525 514 3.750%, 05/17/07, Callable 05/17/05 @ 100 450 448 6.942%, 08/01/07 147 155 3.000%, 08/15/07 835 818 6.070%, 10/01/08, Ser 380727 224 231 3.810%, 12/01/08, Ser 766065 380 376 3.125%, 03/16/09, Callable 03/16/06 @ 100 175 168 6.850%, 08/01/09, Ser 381858 304 328 4.000%, 11/25/16 68 68 3.171%, 05/01/33 211 213 3.859%, 09/01/33, (f) 161 164 3.743%, 10/01/33, (f) 190 196 4.336%, 03/01/34, (f) 349 346 4.357%, 03/01/34, (f) 319 320 ------ 4,345 ------ FEDERAL HOME LOAN BANK (8.5%) 3.250%, 08/15/05, Ser 322 675 676 4.875%, 11/15/06, Ser TV06 1,960 1,998 2.625%, 05/15/07, Ser DQ07 100 98 ------ 2,772 ------
FREDDIE MAC (14.8%) 4.250%, 06/15/05 875 879 2.500%, 11/25/05 210 208 2.375%, 12/15/05 500 496 3.050%, 01/19/07 400 395 2.375%, 02/15/07 345 336 2.400%, 03/29/07, Callable 03/29/05 @ 100 425 414 4.000%, 07/01/08 176 176 5.750%, 03/15/09 200 212 5.000%, 05/15/11 42 42 3.750%, 12/15/11 328 324 5.000%, 12/15/20, Ser 2921, Class NA 493 500 4.500%, 10/15/28, Ser 2905, Class MH 327 326 3.344%, 07/01/33, (f) 162 164 5.018%, 04/01/34, (f) 333 339 ------- 4,811 ------- SALLIE MAE (1.0%) 2.690%, 09/15/06 330 331 ------- TOTAL U.S. GOVERNMENT AGENCIES (COST $12,384) 12,259 ------- U.S. TREASURY OBLIGATIONS (11.8%) U.S. TREASURY NOTES (11.8%) 2.750%, 07/31/06 1,120 1,109 2.250%, 02/15/07 500 488 2.750%, 08/15/07 (e) 1,400 1,370 3.500%, 08/15/09 880 864 ------- TOTAL U.S. TREASURY OBLIGATIONS (COST $3,901) 3,831 ------- YANKEE DOLLAR (0.5%) BEVERAGES (0.5%) Diageo PLC, 3.375%, 03/20/08 170 166 ------- TOTAL YANKEE DOLLAR (COST $169) 166 ------- SHORT-TERM INVESTMENTS (3.4%) Boston Global Investment Trust - Enhanced Portfolio (m) 1,093,280 1,093 ------- TOTAL SHORT-TERM INVESTMENTS (COST $1,093) 1,093 ------- MONEY MARKET FUNDS (4.2%) Federated Prime Value Money Market Fund 1,368,534 1,369 ------- TOTAL MONEY MARKET FUNDS (COST $1,369) 1,369 ------- TOTAL INVESTMENTS (COST $33,909) (a) - 103.2% 33,550 LIABILITIES IN EXCESS OF OTHER ASSETS - (3.2)% (1,045) ------- NET ASSETS - 100.0% $32,505 =======
---------- SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS CLASSIC INSTITUTIONAL SUPER SHORT INCOME PLUS FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE ---------- ---------- ASSET BACKED SECURITIES (5.5%) DIVERSIFIED FINANCIAL SERVICES (5.5%) College Loan Corp. Trust, Ser $ 2,250 $ 2,250 2005-1, Class A1, 2.745%, 01/25/14 (f) Collegiate Funding Services Education Loan, Ser 2003-B, Class A6, 1.550%, 12/28/43 (f) 2,250 2,250 Education Loans, Inc., Ser 2003-1, Class A, 1.250%, 12/01/35 (f) 2,250 2,250 Nelnet Student Loan Corp., Ser 2002-A, Class A7, 2.570%, 06/01/35 (f) 2,250 2,250 SLM Student Loan Trust, Ser 2003-11, Class A1, 2.490%, 09/15/09 (f) 147 147 SLM Student Loan Trust, Ser 2004-2, Class A2, 2.720%, 04/25/13 (f) 3,000 2,999 ---------- TOTAL ASSET BACKED SECURITIES (COST $12,147) 12,146 ---------- COMMERCIAL PAPERS (8.8%) AUTO MANUFACTURERS (1.2%) American Honda Finance Corp., 2.715%, 05/10/05 (c) 2,750 2,735 ---------- BANKS (2.5%) ANZ (Delaware) Inc., 2.783%, 05/20/05 (c) 2,750 2,733 UBS Finance Delaware LLC, 2.628%, 04/08/05 (c) 2,750 2,742 ---------- DIVERSIFIED FINANCIAL SERVICES (5.1%) 5,475 ---------- Ciesco LLC, 2.737%, 05/16/05 (c) 2,750 2,734 PACCAR Financial Corp., 2.585%, 04/18/05 (c) 3,125 3,114 Rabobank USA, 2.642%, 04/25/05 (c) 3,175 3,161 Westpac Capital Corp., 2.423%, 03/09/05 (c) 2,275 2,274 ---------- 11,283 ---------- TOTAL COMMERCIAL PAPERS (COST $19,496) 19,493 ---------- CORPORATE BONDS (45.5%) AUTO MANUFACTURERS (8.9%) American Honda Finance Corp., 2.800%, 01/16/07 (f) (g) 2,500 2,502 DaimlerChrysler Auto Trust, Ser 2004-A, Class A2, 1.410%, 11/08/06 1,089 1,084 DaimlerChrysler Master Owner Trust, Ser 2003-A, Class A, 2.640%, 02/15/08 2,575 2,576 (f)
DaimlerChrysler NA Holdings Corp., 7.750%, 06/15/05 1,000 1,014 DaimlerChrysler NA Holdings Corp., 6.400%, 05/15/06 1,000 1,030 DaimlerChrysler NA Holdings Corp., 4.750%, 01/15/08 525 529 Harley-Davidson Motocycle Trust, Ser 2004-1, Class A1, 1.400%, 10/15/08 1,418 1,403 Navistar Financial Corp. Owner Trust, Ser 2002-B, Class A3A, 2.840%, 03/15/07 (f) 636 636 Nissan Auto Receivables Owner Trust, Ser 2002-A, Class A4, 4.280%, 10/16/06 908 911 Nissan Master Owner Trust Receivables, Ser 2003-A, Class A1, 2.650%, 09/15/08 (f) 3,000 3,003 Toyota Auto Receivables Owner Trust, Ser 2003-B, Class A3, 2.620%, 08/15/07 (f) 3,000 3,001 USAA Auto Owner Trust, Ser 2004-1, Class A3, 2.060%, 04/15/08 2,150 2,116 ------ 19,805 ------ BANKS (2.9%) Bank Of America Corp., 5.250%, 02/01/07 800 820 US Bank NA, 2.437%, 12/05/05 (f) 2,000 2,001 Wachovia Corp., 2.773%, 07/20/07 (f) 2,500 2,501 Wells Fargo Co., 2.519%, 03/03/06 (f) 1,000 1,001 ------ 6,323 ------ BEVERAGES (0.2%) Coca-Cola Enterprises, Inc., 5.250%, 05/15/07 450 462 ------ CREDIT CARD ABS (1.8%) Citibank Credit Card Issuance Trust, 2.700%, 01/15/08 1,500 1,490 GE Capital Credit Card Master Note Trust, Series 2004-1, Class A, 2.640%, 06/15/10 (f) 2,500 2,501 ------ 3,991 ------ DIVERSIFIED FINANCIAL SERVICES (15.6%) American Express Centurion, 2.670%, 11/16/07 (f) 2,150 2,151 Capital One Financial Corp., 7.250%, 05/01/06 750 779 CIT Group, Inc., 4.125%, 02/21/06 1,000 1,005 CIT Group, Inc., 3.040%, 05/18/07 (f) 2,500 2,504 Citigroup, Inc., 5.000%, 03/06/07 1,000 1,020 Countrywide Home Loan, Inc., Ser MTN, 5.500%, 08/01/06 1,000 1,023 Countrywide Home Loan, Inc., Ser M, 3.043%, 08/25/06 (f) 1,925 1,926 Credit Suisse First Boston USA, Inc., 5.875%, 08/01/06 500 515 Education Funding Capital Trust I, Ser A1-8, 2.650%, 06/01/42 (f) 2,250 2,250 Ford Motor Credit Co., 7.500%, 03/15/05 1,200 1,202 Ford Motor Credit Co., 6.875%, 02/01/06 600 614
Ford Motor Credit Co., 6.500%, 01/25/07 600 618 General Electric Capital Corp., 5.000%, 06/15/07 750 766 General Electric Capital Corp., Ser A, 2.615%, 03/15/05 (f) 2,000 2,000 General Motors Acceptance Corp., 6.750%, 01/15/06 600 612 General Motors Acceptance Corp., 6.125%, 09/15/06 600 612 General Motors Acceptance Corp., 6.125%, 08/28/07 (e) 575 586 Goldman Sachs Group, Inc. (The), Ser B, 2.650%, 03/30/07 (f) 3,000 3,001 Goldman Sachs Group, Inc. (The), 4.125%, 01/15/08 550 550 Household Finance Corp., 5.750%, 01/30/07 1,000 1,032 International Lease Finance Corp., 3.750%, 08/01/07 550 544 JPMorgan Chase & Co., 2.640%, 12/18/06 (f) 3,000 3,003 JPMorgan Chase & Co., 5.250%, 05/30/07 1,000 1,027 KFW International Finance, Inc., 4.750%, 01/24/07 575 586 MBNA America Bank NA Holdings, 7.750%, 09/15/05 835 853 Merrill Lynch & Co., Inc., Ser B, 3.375%, 09/14/07 480 472 Morgan Stanley, 2.760%, 01/12/07 (f) 2,500 2,504 Morgan Stanley, 5.800%, 04/01/07 1,000 1,035 ------ 34,790 ------ ELECTRIC (1.2%) Alabama Power Co., 2.800%, 12/01/06 500 491 American Electric Power Co., Inc., Ser A, 6.125%, 05/15/06 500 513 PG&E Corp., 3.260%, 04/03/06 387 387 Callable 04/03/05 @ 100 (f) Virginia Electric & Power Co., 5.750%, 03/31/06 1,250 1,276 ------ 2,667 ------ ELECTRIC SERVICES (0.5%) Constellation Energy Group, Ser MTN, 7.875%, 04/01/05 1,125 1,129 ------ FOOD (0.5%) Safeway, Inc., 6.150%, 03/01/06 1,000 1,024 ------ FOREST PRODUCTS & PAPER (0.2%) Weyerhaeuser Co., 5.500%, 03/15/05 376 376 ------ HOME EQUITY ABS (0.1%) Residential Asset Securites Corp., Ser 2003-KS11, Class AI1, 2.820%, 09/25/21 (f) 196 196 Residential Asset Securities Corp., Ser 2002-KS6, Class AI3, 3.580%, 12/25/26 75 75 ------ 271 ------
INSURANCE (2.6%) ASIF Global Finance XXII, Ser 144A, 2,500 2,502 3.040%, 05/30/06 (n)(f)(g) Met Life Global Funding I, 3.040%, 08/28/06 (f)(g) 3,250 3,254 ------- 5,756 ------- MEDIA (2.3%) AOL Time Warner, Inc., 6.125%, 04/15/06 1,000 1,025 AOL Time Warner, Inc., 6.150%, 05/01/07 500 521 Comcast Cable Communications, Inc., 8.375%, 05/01/07 525 570 TCI Communications, Inc., 6.875%, 02/15/06 500 514 Univision Communications, Inc., 2.875%, 10/15/06 875 858 Viacom, Inc., 7.750%, 06/01/05 1,525 1,543 ------- 5,031 ------- OTHER ABS (5.3%) Countrywide Home Equity Loan Trust, Ser 2005-A, Class A2, 2.963%, 02/15/30 (f) 2,000 2,000 GMAC Mortgage Corp. Loan Trust, Ser 2004-HE1, Class A1, 2.730%, 06/25/34 (f) 2,275 2,276 GMAC Mortgage Corp. Loan Trust, Ser 2004-HE3, Class A1, 2.750%, 10/25/34 (f) 2,500 2,502 J.P. Morgan Mortgage Trust, Ser 2005-A1, Class 5A1, 4.484%, 02/25/35 (f) 3,425 3,385 Residential Asset Mortgage Products, Inc., Ser 2004-RS2, Class AI1, 2.780%, 01/25/24 (f) 319 319 Residential Asset Mortgage Products, Inc., Ser 2004-RS7, Class AI1, 2.820%, 08/25/22 (f) 1,238 1,238 ------- 11,720 ------- TELECOMMUNICATIONS (2.5%) British Telecom PLC, 7.875%, 12/15/05 1,000 1,032 Deutsche Telekom Finance, 8.250%, 06/15/05 1,500 1,522 SBC Communications, Inc., 5.750%, 05/02/06 1,000 1,022 Verizon Global Funding Corp., 6.750%, 12/01/05 1,250 1,279 Verizon Global Funding Corp., 6.125%, 06/15/07 575 601 ------- 5,456 ------- TOTAL CORPORATE BONDS (COST $99,230) 100,804 ------- MASTER NOTES (1.4%) BANKS (1.4%) Bank of America, 2.695%, 09/14/05 (f) 3,000 3,000 ---------- TOTAL MASTER NOTES (COST $3,000) 3,000 ----------
MORTGAGE RELATED (3.5%) AUTOMOBILE ABS (0.2%) Capital Auto Receivables Asset Trust, Ser 2003-1, Class A2A, 2.270%, 01/17/06 342 341 ------ CREDIT CARD ABS (2.7%) Bank One Issuance Trust, Ser 2003-A5, Class A5, 2.640%, 02/17/09 (f) 2,500 2,501 First USA Credit Master Trust, 2.750%, 09/19/08 (f) 3,500 3,505 ------ 6,006 ------ OTHER ABS (0.6%) CIT Equipment Collateral, 2.728%, 04/20/07 (f) 1,404 1,405 ------ TOTAL MORTGAGE RELATED (COST $7,753) 7,752 ------ TAXABLE MUNICIPAL BONDS (3.0%) CALIFORNIA (1.0%) Chela Financial USA, Inc., Ser 2002E-6, RB, 2.630%, 12/01/37 GTD/STD/LNS (f) 2,250 2,250 ------ WASHINGTON (2.0%) Student Loan Finance Association, Ser A-7, RB, 2.610%, 06/01/38 (f) 2,250 2,250 Student Loan Finance Association, Ser A-8, RB, 2.650%, 06/01/38 (f) 2,250 2,250 ------ 4,500 ------ TOTAL TAXABLE MUNICIPAL BONDS (COST $6,750) 6,750 ------ U.S. GOVERNMENT AGENCIES (29.3%) FANNIE MAE (11.1%) 1.750%, 05/23/05 3,425 3,417 2.308%, 09/06/05 (f) 5,500 5,498 6.000%, 07/25/08 Ser 1993-1997, Class PH 303 303 4.500%, 04/01/10 Ser M80812 1,036 1,040 4.500%, 11/25/14 Ser 2003-18, Class DA (f) 58 58 4.000%, 11/25/16 Ser 2003-9, Class UA 370 370 5.101%, 05/01/32 Ser 635082 (f) 638 652 3.476%, 04/01/33 Ser 701045 (f) 1,034 1,052 3.171%, 05/01/33 Ser 688988 (f) 1,685 1,703 3.818%, 06/01/33 Ser 709050 (f) 1,795 1,801 3.679%, 08/01/33 Ser 722615 (f) 926 914 3.859%, 09/01/33 Ser 555817 (f) 1,635 1,666 3.743%, 10/01/33 Ser 555844 (f) 1,960 2,016 3.364%, 01/01/34 Ser 759258 (c) 1,245 1,256 4.336%, 03/01/34 Ser 847259 (f) 1,747 1,730 4.357%, 03/01/34 Ser 772346 (f) 1,206 1,212 ------ 24,688 ------ FEDERAL HOME LOAN BANK (4.3%) 1.450%, 03/11/05 4,500 4,498 2.465%, 03/23/05 (f) 5,000 4,993 ------ 9,491 ------ FREDDIE MAC (12.6%) 2.349%, 03/08/05 (c) 5,000 4,998 2.550%, 10/07/05 (f) 3,000 3,000 2.725%, 11/07/05 (f) 5,500 5,501
7.200%, 10/01/06 27 28 4.000%, 11/15/06 Ser 2685, Class NA 386 386 4.500%, 03/01/08 Ser M90803 930 939 4.000%, 05/01/08 1,508 1,509 4.000%, 06/01/08 Ser M90818 1,286 1,286 5.000%, 05/15/11 Ser 2558, Class BA 162 163 4.000%, 11/15/11 Ser 2542 1,177 1,179 3.750%, 12/15/11 Ser 2890, Class AB (f) 1,084 1,074 5.000%, 04/15/13 Ser 2508, Class MF 144 144 5.000%, 02/15/14 Ser 2595, Class AB 1,150 1,162 4.500%, 05/15/14 Ser 2497, Class NM 72 72 4.500%, 11/15/15 Ser 2823, Class EA (f) 1,054 1,057 5.500%, 12/15/15 Ser 2485 151 153 5.000%, 04/15/16 Ser 2572, Class LB 197 197 3.500%, 05/15/19 Ser 5759, Class AU 625 622 5.000%, 12/15/20 Ser 2921, Class NA (f) 1,060 1,075 4.000%, 04/15/21 Ser 2591, Class PJ (f) 1,117 1,116 3.500%, 12/15/21 Ser 1629, Class HA 24 24 3.344%, 07/01/33, (f) Ser 780675 (f) 676 683 3.678%, 08/01/33 Ser 1B1002 (f) 1,001 1,000 5.018%, 04/01/34 Ser 847276 (f) 482 491 ------ 27,859 ------ SALLIE MAE (1.8%) 2.900%, 01/25/06 (f) 2,000 2,003 2.690%, 09/15/06, (f) 2,000 2,005 ------ 4,008 ------ TENNESSEE VALLEY AUTHORITY STRIPS (0.4%) Tennessee Valley Authority, 3.355%, 10/15/05 (c) 900 882 ------ TOTAL U.S. GOVERNMENT AGENCIES (COST $67,093) 66,046 ------ U.S. TREASURY OBLIGATIONS (0.3%) U.S. TREASURY NOTES (0.3%) 2.750%, 07/31/06 710 703 ------ TOTAL U.S. TREASURY OBLIGATIONS (COST $704) 703 ------ SHORT-TERM INVESTMENTS (0.0%) Boston Global Investment Trust - Enhanced Portfolio (m) 39,590 40 ------ TOTAL SHORT-TERM INVESTMENTS (COST $40) 40 ------ REPURCHASE AGREEMENTS (2.5%) Merrill Lynch & Co., Inc., 2.535% dated 02/28/05, to be repurchased on 03/01/05, repurchase price $2,895,190.32 (collateralized by FNMS, 5.000%, 02/28/2005, obligations; total market value $2,955,274.42) $ 2,895 2,895 UBS Warburg LLC, 2.575% dated 02/28/05, to be repurchased on 03/01/05, repurchase price $2,638,710.00 (collateralized by FGRM, 5.000%, 02/28/2005, obligations; total market value $2,691,422.51) 2,639 2,639 ------
TOTAL REPURCHASE AGREEMENTS (COST $5,534) 5,534 ---------- MONEY MARKET FUNDS (0.1%) Dreyfus Government Cash Management Money Market Fund 100,000 100 Federated Prime Value Money Market Fund 100,000 100 ---------- TOTAL MONEY MARKET FUNDS (COST $200) 200 ---------- TOTAL INVESTMENTS (COST $221,947) (a) - 99.9% 221,347 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.1% 199 ---------- NET ASSETS - 100.0% $ 221,546 ==========
------------------ SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS CLASSIC INSTITUTIONAL TOTAL RETURN BOND FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
PRINCIPAL AMOUNT VALUE --------- ------- CORPORATE BONDS (22.1%) AIRLINES (0.3%) Southwest Airlines Co., 5.125%, $ 180 $ 173 03/01/17 ------- AUTO MANUFACTURERS (1.0%) American Honda Finance Corp., 3.850%, 160 157 11/06/08 (g) DaimlerChrysler AG, 8.500%, 95 121 01/18/31 Ford Motor Co., 7.450%, 07/16/31 360 348 ------- 626 ------- BANKS (0.6%) Bank of America Corp., 7.400%, 220 252 01/15/11 Bank One Corp., 7.625%, 08/01/05 75 76 Wells Fargo & Co., 4.800%, 07/29/05 10 10 ------- 338 ------- BEVERAGES (0.1%) Miller Brewing Co., 4.250%, 08/15/08 (g) 40 40 BUILDING MATERIALS (0.2%) ------- American Standard, Inc., 7.625%, 125 141 02/15/10 ------- CHEMICALS (1.0%) Huntsman International LLC, 11.625%, 162 196 10/15/10, Callable 10/15/07 @ 105.81 MacDermid, Inc., 9.125%, 07/15/11, 350 388 Callable 07/15/06 @ 104.56 ------- 584 ------- COMMERCIAL SERVICES (0.2%) R.R. Donnelley & Sons Co., 3.750%, 95 93 04/01/09 ------- COMPUTERS (0.1%) NCR Corp., 7.125%, 06/15/09 30 33 ------- DIVERSIFIED FINANCIAL SERVICES (3.1%) CIT Group, Inc., 5.750%, 09/25/07 45 47 CIT Group, Inc., 5.500%, 11/30/07 45 46 CIT Group, Inc., 5.125%, 09/30/14 40 40 Citigroup, Inc., 5.125%, 05/05/14 75 76 Citigroup, Inc., 5.875%, 02/22/33 105 109 Fund American Cos., Inc., 5.875%, 205 208 05/15/13 General Motors Acceptance Corp., 160 161 8.000%, 11/01/31 Goldman Sachs Group, Inc., (The) 40 39 3.875%, 01/15/09 Goldman Sachs Group, Inc., (The) 55 54 4.750%, 07/15/13
HSBC Holdings PLC, 7.625%, 90 113 05/17/32 (g) International Lease Finance Corp., 160 161 4.750%, 07/01/09 JP Morgan Chase & Co., 6.625%, 255 281 03/15/12 John Deere Capital Corp., 3.900%, 45 45 01/15/08 MBNA Corp, 6.125%, 03/01/13 195 208 Merrill Lynch & Co., Inc., 3.700%, 30 30 04/21/08 Merrill Lynch & Co., Inc., 5.000%, 85 84 01/15/15 Morgan Stanley, 5.300%, 03/01/13 185 190 ----- 1,892 ----- ELECTRIC (2.2%) Aquila, Inc., 14.875%, 07/01/12 250 354 CalEnergy Co., Inc., 7.520%, 60 66 09/15/08 Carolina Power & Light Co., 6.500%, 25 28 07/15/12 Cincinnati Gas & Electric Co., 5.700%, 40 42 09/15/12 Dominion Resources, Inc., Ser E, 45 50 6.750%, 12/15/32 Edison Mission Energy, 9.875%, 400 478 04/15/11 Entergy Gulf States, Inc., 4.875%, 40 39 11/01/11, Callable 11/01/06 @ 100.00 Florida Power & Light Co., 6.875%, 15 15 12/01/05 Oncor Electric Delivery Co., 7.000%, 45 53 05/01/32 Pacific Gas & Electric Co., 6.050%, 165 174 03/01/34 ----- 1,299 ----- ENTERTAINMENT (0.1%) GTECH Holdings Corp., 4.750%, 45 45 10/15/10 ----- FOREST PRODUCTS & PAPER (1.6%) Appleton Papers, Inc., Ser B, 9.750%, 300 322 06/15/14, Callable 06/15/09 @ 104.88 Georgia-Pacific Corp., 8.125%, 350 405 05/15/11 International Paper Co., 5.500%, 80 83 01/15/14 Weyerhaeuser Co., 6.750%, 03/15/12 55 62 Weyerhaeuser Co., 7.375%, 03/15/32 75 90 ----- 962 ----- HEALTHCARE - SERVICES (0.1%) WellPoint Health Networks, Inc., 35 36 6.375%, 06/15/06 ----- HOME BUILDERS (0.2%) Lennar Corp., 5.950%, 03/01/13 45 47 Pulte Homes, Inc., 4.875%, 07/15/09 75 75 ----- 122 ----- INSURANCE (0.9%)
Berkshire Hathaway Financial, Inc., 160 156 3.375%, 10/15/08 Fairfax Financial Holdings Ltd., 200 203 8.300%, 04/15/26 MetLife, Inc., 5.250%, 12/01/06 50 51 Prudential Financial, Inc., 3.750%, 45 44 05/01/08 Prudential Financial, Inc., 5.100%, 70 70 09/20/14 ----- 524 ----- INVESTMENT COMPANIES (0.2%) Credit Suisse First Boston USA, Inc., 85 94 6.500%, 01/15/12 ----- LEISURE TIME (0.1%) Harley Davidson Funding, 3.625%, 55 54 12/15/08 (g) ----- LODGING (0.8%) Harrahs Operating Co., Inc., 5.375%, 60 60 12/15/13 Mandalay Resort Group, Ser B, 375 422 10.250%, 08/01/07 Marriott International, Inc., Ser C, 15 17 7.875%, 09/15/09 ----- 499 ----- MEDIA (2.1%) British Sky Broadcasting Group PLC, 100 108 6.875%, 02/23/09 Comcast Corp., 7.125%, 06/15/13 175 200 Comcast Corp., 7.050%, 03/15/33 25 29 Cox Communuications, Inc., 4.625%, 165 158 06/01/13 Kabel Deutschland Gmbh, 10.625%, 375 430 07/01/14, Callable 07/01/09 @ 105.31 (g) News America Holdings, Inc., 9.250%, 85 108 02/01/13 News America Holdings, Inc., 6.200%, 50 52 12/15/34 (g) Time Warner, Inc., 7.625%, 04/15/31 155 189 Univision Communications, Inc., 55 64 7.850%, 07/15/11 ----- 1,338 ----- MINING (0.8%) Barrick Gold Finance, Inc., 7.500%, 65 69 05/01/07 Codelco, Inc., 5.500%, 10/15/13 (g) 205 211 Inco Ltd., 7.750%, 05/15/12 190 223 ----- 503 ----- MISCELLANEOUS MANUFACTURER (0.7%) General Electric Co., 5.000%, 405 411 02/01/13 ----- OFFICE / BUSINESS EQUIPMENT (0.6%) Xerox Corp., 9.750%, 01/15/09 300 348 ----- OIL & GAS (0.5%) Devon Energy Corp., 10.250%, 10 10 11/01/05 Devon Financing Corp., 7.875%, 50 64 09/30/31
Enterprise Products Partners LP, Ser B, 85 94 6.875%, 03/01/33 Motiva Enterprises LLC, 5.200%, 25 26 09/15/12 (g) XTO Energy, Inc., 6.250%, 04/15/13 95 104 ------ 298 ------ PACKAGING & CONTAINERS (0.7%) Packaging Corp. of America, 5.750%, 40 41 08/01/13 Stone Container Corp., 9.250%, 325 358 02/01/08 ------ 399 ------ PIPELINES (0.6%) Centerpoint Energy Resources Corp., 165 196 7.875%, 04/01/13 K N Capital Trust III, 7.630%, 105 121 04/15/28 Kinder Morgan, Inc., 7.250%, 40 46 03/01/28 ------ 363 ------ REITS (0.1%) Simon Property Group LP, 6.375%, 35 37 11/15/07 ------ RETAIL (0.8%) AutoNation, Inc., 9.000%, 08/01/08 400 452 Federated Department Stores, Inc., 40 45 6.900%, 04/01/29 ------ 497 ------ SAVINGS & LOANS (0.1%) Golden West Financial Corp., 4.125%, 50 50 08/15/07 ------ TELECOMMUNICATIONS (2.1%) Citizens Communications Co., 9.000%, 250 287 08/15/31 Deutsche Telekom International Finance, 100 146 9.250%, 06/01/32 Qwest Corp., 8.875%, 400 415 06/01/31, Callable 03/17/05 @105.03 SBC Communications, Inc., 5.625%, 15 15 06/15/16 SBC Communications, Inc., 6.450%, 45 48 06/15/34 Sprint Capital Corp., 8.750%, 165 222 03/15/32 Telus Corp., 8.000%, 06/01/11 75 88 Verizon Global Funding Corp., 7.750%, 80 100 12/01/30 ------ 1,321 ------ TRANSPORTATION (0.2%) FedEx Corp., 3.500%, 04/01/09 135 130 ------ TOTAL CORPORATE BONDS (COST $12,880) 13,250 ------ FOREIGN GOVERNMENT BONDS (0.5%) MEXICO (0.5%) United Mexican States, 8.300%, 270 325 08/15/31 ------
TOTAL FOREIGN GOVERNMENT BONDS (COST $296) 325 ------ U.S. GOVERNMENT AGENCIES (32.8%) FANNIE MAE (20.7%) 5.500%, 07/01/16 199 204 5.000%, 11/01/18 404 407 5.500%, 11/01/18 418 429 4.500%, 12/01/18 293 290 5.500%, 12/01/18 156 160 5.000%, 01/01/19 918 926 6.000%, 01/01/19 193 200 5.500%, 07/01/19 261 268 5.500%, 07/01/19 118 121 5.000%, 10/01/19 900 907 5.500%, 12/01/19 149 152 4.500%, 03/01/20 (j) 265 261 5.000%, 03/01/20 (j) 630 634 6.500%, 05/01/31 229 238 7.000%, 12/01/31 141 149 7.000%, 03/01/32 2 3 7.000%, 05/01/32 103 108 6.500%, 07/01/32 604 629 5.500%, 04/01/33 220 222 5.500%, 04/01/33 207 209 5.000%, 06/01/33 400 395 5.500%, 06/01/33 744 751 7.000%, 10/01/33 466 492 5.500%, 11/01/33 426 430 6.000%, 11/01/33 298 306 5.500%, 01/01/34 794 802 6.500%, 01/01/34 474 494 5.500%, 02/01/34 768 776 6.500%, 02/01/34 197 205 6.500%, 03/01/34 312 325 6.000%, 05/01/34 304 312 6.500%, 07/01/34 289 301 5.500%, 03/01/35 (j) 360 363 ------ 12,469 ------ FREDDIE MAC (10.6%) 4.500%, 01/01/19 545 539 7.000%, 09/01/29 90 95 5.500%, 02/01/33 312 315 6.000%, 04/01/33 235 242 6.000%, 11/01/33 1,016 1,044 6.000%, 12/01/33 137 140 6.000%, 01/01/34 324 333 6.500%, 05/01/34 212 222 5.000%, 07/01/34 201 199 6.000%, 10/01/34 382 393 5.000%, 11/01/34 363 359 5.000%, 12/01/34 1,072 1,058 5.000%, 03/01/35 (j) 886 874 5.500%, 03/01/35 (j) 317 320 6.000%, 03/01/35 (j) 225 231 ------ 6,364 ------ GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (1.5%) 7.000%, 01/15/32 90 95 6.500%, 07/15/32 267 281 5.000%, 09/15/33 107 107 6.000%, 07/15/34 193 199 5.000%, 11/15/34 199 198 ------
880 ------- TOTAL U.S. GOVERNMENT AGENCIES (COST $19,865) 19,713 ------- U.S. TREASURY OBLIGATIONS (43.0%) U.S. TREASURY BONDS (1.6%) 5.375%, 02/15/31 875 962 ------- U.S. TREASURY INFLATION PROTECTED NOTES/BONDS (9.7%) 1.875%, 07/15/13 3,640 3,860 3.875%, 04/15/29 1,240 1,968 ------- 5,828 ------- U.S. TREASURY NOTES (31.7%) 1.625%, 04/30/05 2,110 2,106 1.250%, 05/31/05 1,425 1,420 10.750%, 08/15/05 636 659 3.500%, 11/15/06 565 565 3.375%, 02/28/07 990 986 3.125%, 05/15/07 7,890 7,806 6.000%, 08/15/09 2,875 3,115 3.500%, 02/15/10 890 870 3.875%, 02/15/13 910 886 4.250%, 11/15/14 374 370 4.000%, 02/15/15 170 165 ------- 18,948 ------- TOTAL U.S. TREASURY OBLIGATIONS (COST $25,706) 25,738 ------- REPURCHASE AGREEMENTS (6.7%) Merrill Lynch & Co., Inc., 2.535%, dated 02/28/05, to be repurchased on 03/01/05, repurchase price 4,033,872 (collateralized by U.S. Government Obligations, 5.500% - 9.500%, due 05/01/06 - 02/01/35; total market value 4,116,337) 4,034 4,034 ------- TOTAL REPURCHASE AGREEMENTS (COST $4,034) 4,034 ------- TOTAL INVESTMENTS (COST $62,781) (a) - 105.1% 63,060 LIABILITIES IN EXCESS OF OTHER ASSETS - (5.1)% (3,035) ------- NET ASSETS - 100.0% $60,025 =======
------------ SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS CLASSIC INSTITUTIONAL CASH MANAGEMENT MONEY MARKET FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
PRINCIPAL AMOUNT VALUE ---------- ----------- CERTIFICATES OF DEPOSIT (5.6%) BANKS (5.6%) Credit Suisse First Boston (USA), Inc., 2.560%, 01/09/06 (f) $ 50,000 $ 50,000 Regions Bank, 2.575%, 08/23/05 (f) Societe Generale NY, Ser YCD, 2.520%, 35,000 35,000 03/08/05 (f) 35,000 35,000 Southtrust Bank NA, Ser BKNT, 2.430%, 12/14/05 (f) 25,000 24,996 ----------- TOTAL CERTIFICATES OF DEPOSIT (COST $144,996) 144,996 ----------- COMMERCIAL PAPERS (18.5%) BANKS (2.5%) Societe Generale NA, 2.719%, 05/12/05 (c) 30,000 29,838 UBS Finance Delaware LLC, 2.429%, 03/07/05 (c) 35,000 34,986 ----------- 64,824 ----------- DIVERSIFIED FINANCIAL SERVICES (16.0%) Atlantis One Funding Corp., 2.637%, 04/20/05 (g) 24,000 23,913 Atlantis One Funding Corp., 2.698%, 05/09/05 (g) 35,000 34,820 Atlantis One Funding Corp., 2.818%, 05/18/05 (g) 30,000 29,818 Barclays US Funding LLC, 2.718%, 05/10/05 (c) 40,000 39,790 Beta Finance, Inc., 2.453%, 03/09/05 (c) (g) 15,000 14,992 CIT Group, Inc., 2.652%, 04/18/05 (c) 30,000 29,894 Credit Suisse First Boston, 2.510%, 03/18/05 (c) 35,000 34,959 Dorada Corp., 2.708%, 05/06/05 (g) 27,500 27,364 HBOS Treasury Service, 2.703%, 05/09/05 (c) 50,000 49,742 HBOS Treasury Service, 2.739%, 05/16/05 (c) 35,000 34,799 ING Funding, 2.051%, 05/27/05 (c) 30,000 29,854 Liquid Funding Ltd., 2.595%, 04/04/05 (g) 35,000 34,915 Liquid Funding Ltd., 2.570%, 06/03/05 (c) (g) 25,000 24,999 ----------- 409,859 ----------- TOTAL COMMERCIAL PAPERS (COST $474,683) 474,683 ----------- CORPORATE BONDS (19.1%) AUTO MANUFACTURERS (1.9%)
Toyota Motor Credit Corp, Ser B, 2.585%, 01/25/06 (f) 50,000 49,998 ----------- BANKS (3.0%) American Express Centurion, 2.559%, 09/20/05 (f) 30,000 30,000 BB&T Corp., 6.375%, 06/30/05 (f) 11,500 11,630 Wells Fargo Bank NA, Ser BKNT, 2.530%, 02/06/06 (f) 35,000 35,000 ----------- 76,630 ----------- DIVERSIFIED FINANCIAL SERVICES (13.5%) American Express Credit Corp., Ser B, 2.650%, 01/23/06 (f) 50,000 50,035 Beta Finance, Inc., 1.535%, 04/29/05 (f) 25,000 24,997 Beta Finance, Inc., 2.500%, 11/10/05 (f) (g) 25,000 25,000 General Electric Capital Corp., Ser A, 2.950%, 02/03/06 (f) 35,000 35,077 Liberty Light US Capital, 2.550%, 01/17/06 (f) (g) 50,000 49,989 Morgan Stanley, Ser 1, 2.710%, 08/15/05 (f) 25,000 25,019 Principal Life Global, 2.890%, 03/29/05 (f) 61,000 61,013 Sigma Finance, Inc., 2.540%, 01/18/06 (f) (g) 50,000 49,991 Sigma Finance, Inc., 2.355%, 09/13/05 (g) 25,000 25,000 ----------- 346,121 ----------- INVESTMENT COMPANIES (0.7%) Dorada Finance, Inc., 2.568%, 09/15/05 (f) (g) 18,000 18,000 ----------- TOTAL CORPORATE BONDS (COST $490,749) 490,749 ----------- DEMAND NOTES (11.6%) DIVERSIFIED FINANCIAL SERVICES (9.8%) Barrington Development Corp., 2.590%, 12/01/32 (f) 21,135 21,135 Carmichael Properties LLC, 2.720%, 10/01/20 (f) 2,930 2,930 Gasmor Corp., 2.700%, 02/01/31 (f) 3,630 3,630 General Electric Capital Corp., 2.825%, 05/12/05 (f) 50,000 50,015 Liberty Light US Capital, 2.600%, 05/10/05 (f) 50,000 49,998 Liquid Funding Ltd., 2.670%, 06/28/05 (f) 35,000 35,000 LP Pinewood, 2.650%, 02/01/18 (f) 14,900 14,900 Morgan Stanley, 2.640%, 04/19/05 (f) 50,000 50,000 Morgan Stanley, 2.620%, 11/04/05 (f) 25,000 25,000 ----------- 252,608 ----------- INVESTMENT COMPANIES (1.8%) Dorada Finance, Inc., 2.784%, 03/18/05 (f) 20,000 20,000 Dorada Finance, Inc., 2.200%, 09/07/05 (f)(g) 25,000 25,000 ----------- 45,000 -----------
\ TOTAL DEMAND NOTES (COST $297,608) 297,608 ----------- MASTER NOTES (4.8%) BANKS (4.8%) Bank of America, 2.695%, 09/14/05 (f) 122,400 122,400 ----------- TOTAL MASTER NOTES (COST $122,400) 122,400 ----------- TAXABLE MUNICIPAL BONDS (18.5%) ALABAMA (0.4%) Alabaster, Ser A, GO, 2.650%, 04/01/14, AMBAC (f) ALASKA (3.4%) 9,355 9,355 ----------- Housing Finance Corp., Ser C, RB, 2.520%, 12/01/32 (f) 61,630 61,630 Housing Finance Corp., Ser C, RB, 2.550%, 12/01/32 (f) 25,000 25,000 ----------- 86,630 ----------- CALIFORNIA (1.1%) Housing Finance Agency, RB, 2.570%, 02/01/41, LOC: Landesbank Hessen- Thueringen (f) 6,000 6,000 Santa Rosa Rancheria, RB, 2.570% 09/01/19, LOC: Bank One N.A. (f) 22,000 22,000 ----------- 28,000 ----------- COLORADO (5.0%) Housing & Finance Authority, RB, 2.570%, 11/01/32, LOC: JP Morgan Chase Bank (f) 34,400 34,400 Housing & Finance Authority, RB, 2.570%, 11/01/33, LOC: JP Morgan Chase Bank (f) 20,200 20,200 Housing & Finance Authority, RB, 2.570%, 10/01/34, FHLB (f) 20,000 20,000 Housing & Financial Authority, RB, 2.570%, 11/01/34, LOC: Dexia Credit Local (f) 25,000 25,000 Housing & Finance Authority, RB, 2.570%, 11/01/35, LOC: Lloyds TSB Bank PLC (f) 9,685 9,685 Housing & Finance Authority, RB, 2.570%, 05/01/41, LOC: Landesbank Hessen-Thueringen (f) 21,200 21,200 ----------- 130,485 ----------- FLORIDA (0.3%) Housing Finance Corp., RB, 2.570% 01/15/35, FNMA (f) 2,500 2,500 Housing Finance Corp., RB, 2.570%, 2,900 2,900 06/15/36, LOC: Bank of America N.A. (f) Orange County Housing Finance 2,100 2,100 Authority, Multifamily, Ser D, RB, ----------- 2.570%, 07/15/34 (f) 7,500 ----------- ILLINOIS (1.7%) Champaign, Ser B, GO, 2.620% 01/01/24, LOC: Bank One N.A. (f) 4,900 4,900 Student Assistance Community Student 40,000 40,000 -----------
Loan, Ser D, RB, 2.650%, 09/01/23 LOC: Bank of America N.A. (f) 44,900 ----------- MISSISSIPPI (2.1%) Development Bank Special Obligation, RB, 2.720%, 12/01/23, AMBAC (f) 4,010 4,010 Nissan Project A, GO, 2.570%, 11/01/28 LOC: Bank of America N.A. (f) 48,800 48,800 ----------- 52,810 ----------- NEW JERSEY (1.7%) Economic Development Authority, RB, 2.700%, 10/01/15, LOC: First Union National Bank (f) 3,030 3,030 Economic Development Authority, State Pension Funding, RB, 2.570%, 02/15/29 FSA (f) 40,000 40,000 ----------- 43,030 ----------- NEW YORK (1.5%) Housing Development Corp., 2.570% 06/01/33, LOC: Bayerische Landesbank (f) 27,900 27,900 Housing Finance Agency Service, RB, 2.650%, 09/15/08, LOC: Dexia Credit Local (f) 11,000 11,000 ----------- 38,900 ----------- TEXAS (0.3%) Texas, GO, 2.560%, 06/01/20 LOC: Dexia Credit Local (c) (f) VIRGINIA (1.0%) 7,000 7,000 ----------- Newport News Economic Development Authority, Ser A, RB, 2.620%, 07/01/31 LOC: First Union National Bank (f) 22,205 22,205 Newport News Economic Development Authority, Ser B, RB, 2.670%, 07/01/31 LOC: First Union National Bank (f) 4,440 4,440 ----------- 26,645 ----------- TOTAL TAXABLE MUNICIPAL BONDS (COST $475,255) 475,255 ----------- U.S. GOVERNMENT AGENCIES (9.8%) FANNIE MAE (4.0%) 2.178%, 07/22/05 (c) 20,000 19,832 2.228%, 09/16/05 (c) 15,000 14,819 2.456%, 10/14/05 (c) 20,000 19,697 2.556%, 12/29/05 (f) 24,500 24,491 2.476%, 01/09/06 (f) 25,000 24,989 ----------- 103,828 ----------- FEDERAL AGRICULTURAL MORTGAGE CORPORATION (0.8%) 2.490%, 06/30/05 (f) 20,000 20,000 ----------- FEDERAL HOME LOAN BANK (1.0%) 1.200%, 04/01/05, (c) 25,000 24,999 ----------- FREDDIE MAC (4.0%) 2.046%, 06/28/05 (c) 50,000 49,668 2.255%, 09/20/05 (c) 15,000 14,813 2.855%, 11/15/05 (c) 40,000 39,201 ----------- 103,682 ----------- TOTAL U.S. GOVERNMENT AGENCIES (COST $252,509) 252,509 -----------
REPURCHASE AGREEMENTS (12.1%) ABN Amro Bank, 2.555% dated 02/28/05, to be repurchased on 03/01/05, repurchase price $56,357,422 (collateralized by FHDN Obligations; 2.600%, 07/07/05, total market value $57,480,700) 56,353 56,353 Bear Stearns & Co., Inc., 2.565% dated 02/28/05, to be repurchased on 03/01/05, repurchase price $33,870,312 (collateralized by U.S. Agency Obligations; 4.000% - 6.500%, 07/15/18 - 01/15/35, total market value $34,546,797) 33,868 33,868 BNP Paribas, 2.585% dated 02/28/05, to be repurchased on 03/01/05, repurchase price $41,737,203 (collateralized by FHLB Obligations; 2.620%, 08/15/08, total market value $42,568,901) 41,734 41,734 Lehman Brothers, Inc., 2.555% dated 02/28/05, to be repurchased on 03/01/05, repurchase price $61,206,281 (collateralized by FGPC Obligations; 5.000%, 02/01/20, total market value $62,429,868) 61,202 61,202 Merrill Lynch & Co., Inc., 2.535% dated 02/28/05, to be repurchased on 03/01/05, repurchase price $46,368,810 (collateralized by FNMS Obligations; 5.500%, 04/01/18 - 01/01/35, total market value $47,296,613) 46,366 46,366 UBS Warburg LLC, 2.575% dated 02/28/05, to be repurchased on 03/01/05, repurchase price $71,505,913 (collateralized by FGRM Obligations; 5.000%, 12/15/31 - 08/15/34, total market value $72,935,678) 71,501 71,501 ----------- TOTAL REPURCHASE AGREEMENTS (COST $311,024) 311,024 ----------- TOTAL INVESTMENTS (COST $2,569,224) (a) - 100.0% 2,569,224 LIABILITIES IN EXCESS OF OTHER ASSETS - 0.0% (424) ----------- NET ASSETS - 100.0% $ 2,568,800 ===========
---------- SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS CLASSIC INSTITUTIONAL U.S. GOVERNMENT SECURITIES MONEY MARKET FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
PRINCIPAL AMOUNT VALUE ---------- ---------- U.S. GOVERNMENT AGENCIES (81.3%) FANNIE MAE (55.2%) 1.155%, 03/04/05 (c) $ 15,000 $ 14,998 2.460%, 03/23/05 (f) 40,000 40,000 1.573%, 04/01/05 (c) 10,000 9,987 2.580%, 04/06/05 (c) 25,000 24,937 2.538%, 05/03/05 (f) 25,000 24,999 2.658%, 05/11/05 (c) 25,000 24,870 2.759%, 05/17/05 (c) 20,000 19,886 2.747%, 05/18/05 (c) 25,000 24,852 2.067%, 06/24/05 (c) 10,000 9,936 2.184%, 07/22/05 (c) 15,000 14,874 2.553%, 08/29/05 (f) 45,000 44,989 2.308%, 09/06/05 (f) 50,000 49,980 2.470%, 09/15/05 (f) 50,000 49,985 2.228%, 09/16/05 (c) 10,000 9,879 2.456%, 10/14/05 (c) 10,000 9,849 2.984%, 11/10/05 (c) 10,000 9,798 2.556%, 12/29/05 (f) 55,000 54,980 2.476%, 01/09/06 (f) 55,000 54,974 ---------- 493,773 ---------- FEDERAL AGRICULTURAL MORTGAGE CORPORATION (3.3%) 2.490%, 06/30/05 (f) 30,000 30,000 FEDERAL FARM CREDIT BANK (3.3%) ---------- 2.490%, 05/16/05 (f) 25,000 24,999 2.480%, 07/15/05 (f) 5,000 4,999 ---------- 29,998 ---------- FEDERAL HOME LOAN BANK (11.8%) 1.200%, 04/01/05 10,000 10,000 1.400%, 04/01/05, Callable 3/08/05 @ 100 10,000 10,000 2.315%, 09/08/05 (f) 30,000 29,988 2.125%, 09/15/05 10,000 9,995 2.490%, 09/16/05 (f) 25,000 24,995 2.485%, 10/05/05 (f) 20,000 19,996 ---------- 104,974 ---------- FREDDIE MAC (7.7%) 2.410%, 03/14/05 (c) 25,000 24,978 2.020%, 06/27/05 (c) 15,000 14,902 2.255%, 09/20/05 (c) 10,000 9,876 2.802%, 11/15/05 (c) 20,000 19,608 ---------- 69,364 ---------- TOTAL U.S. GOVERNMENT AGENCIES (COST $728,109) 728,109 ---------- REPURCHASE AGREEMENTS (18.8%) Lehman Brothers Inc., 2.555% dated 02/28/05, to be repurchased on 03/01/05, repurchase price 63,948,969 (collateralized 63,944 63,945
by U.S. Government Obligations, 5.000% due 02/01/20; total market value 65,228,115) Merrill Lynch & Co., Inc. 2.535% dated 02/28/05, to be repurchased 03/01/05, repurchase price 50,806,827 (collateralized by U.S. Government Obligations, 4.500% - 6.500% due 03/01/13 - 01/01/19; total 50,803 50,803 market value 51,822,598) UBS Warburg LLC, 2.575% dated 02/28/04, to be repurchased on 03/01/05, repurchase price 53,682,317 (collateralized by U.S. Government Obligations, 5.000% - 5.500% due 12/15/31 - 07/15/33, total market value 54,755,303) 53,678 53,678 ---------- TOTAL REPURCHASE AGREEMENTS (COST $168,426) 168,426 ---------- TOTAL INVESTMENTS (COST $896,535) (a) - 100.1% 896,535 LIABILITIES IN EXCESS OF OTHER ASSETS - (0.1)% (555) ---------- NET ASSETS - 100.0% $ 895,980 ==========
---------- SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS CLASSIC INSTITUTIONAL U.S. TREASURY SECURITIES MONEY MARKET FUND Schedule of Portfolio Investments February 28, 2005 (Unaudited) (Amounts in thousands, except shares)
PRINCIPAL AMOUNT VALUE ---------- ----------- U.S. TREASURY OBLIGATIONS (21.7%) U.S. TREASURY BILLS (10.5%) 2.182%, 03/31/05 (c) $ 60,000 $ 59,892 2.361%, 04/21/05 (c) 215,000 214,297 ----------- 274,189 ----------- U.S. TREASURY NOTES (11.2%) 6.750%, 05/15/05 165,000 166,571 5.750%, 11/15/05 125,000 127,874 ----------- 294,445 ----------- TOTAL U.S. TREASURY OBLIGATIONS (COST $568,634) 568,634 ----------- REPURCHASE AGREEMENTS (78.3%) ABN Amro Bank, 2.555%, dated 02/28/05, to be repurchased on 03/01/05, repurchase price 577,548,924 (collateralized by U.S. Treasury Obligations, 0.000% - 4.250% due 07/07/05 - 11/15/14; total market value 589,059,004) 577,508 577,508 Bear Stearns & Co., Inc. 2.525%, dated 02/28/05, to be repurchased on 03/01/05, repurchase price 45,427,025 (collateralized by U.S. Treasury Obligations, 0.000% - 3.125% due 03/10/05 - 11/15/12; total market value 46,333,732) 45,424 45,424 BNP Paribas, 2.555%, dated 02/28/05, to be repurchased on 03/01/05, repurchase price 120,452,502 (collateralized by U.S. Treasury Obligations, 0.000% - 3.000% due 05/15/05 - 05/15/30; total market value 122,852,932) 120,444 120,444 Deutsche Bank AG, 2.535%, dated 02/28/05, to be repurchased on 03/01/05, repurchase price 125,971,724 (collateralized by U.S. Treasury Obligations, 8.750% - 12.000% due 08/15/13 - 08/15/20; total market value 128,482,325) 125,963 125,963 Dresdner Bank AG, 2.555%, dated 02/28/05, to be repurchased on 03/01/05, repurchase price 83,669,138 (collateralized by U.S. Treasury Obligations, 0.000% - 12.000% due 05/19/05 - 02/15/31; total market value 85,340,109) 83,663 83,663
Greenwich Capital, 2.555%, dated 02/28/05, to be repurchased on 03/01/05, repurchase price 97,664,803 (collateralized by U.S. Treasury Obligations, 3.125% - 3.875% due 01/31/07 - 05/15/09; total market value 99,616,036) 97,658 97,658 JPMorgan Chase & Co., 2.545%, dated 02/28/05, to be repurchased on 03/01/05, repurchase price 64,842,805 (collateralized by U.S. Treasury Obligations, 1.500% - 3.000% due 07/31/05 - 02/15/08; total market value 66,139,750) 64,838 64,838 Lehman Brothers, Inc. 2.505%, dated 02/28/05, to be repurchased on 03/01/05, repurchase price 99,201,114 (collateralized by U.S. Treasury Obligations, 0.000% - 7.250% due 08/15/10 - 08/15/21; total market value 101,180,581) 99,194 99,194 Merrill Lynch & Co., Inc. 2.505%, dated 02/28/05, to be repurchased on 03/01/05, repurchase price 72,274,538 (collateralized by U.S. Treasury Obligations, 0.000% - 8.750% due 11/15/12 - 08/15/20; total market value 73,715,351) 72,270 72,270 Morgan Stanley 2.525%, dated 02/28/05, to be repurchased on 03/01/05, repurchase price 55,258,263 (collateralized by U.S. Treasury Obligations, 3.875% due 01/15/09; total market value 56,359,939) 55,254 55,254 Salomon Smith Barney, Inc. 2.505%, dated 02/28/05, to be repurchased on 03/01/05, repurchase price 120,033,352 (collateralized by U.S. Treasury Obligations, 3.625% due 05/15/13; total market value 122,478,679) 120,025 120,025 UBS Warburg LLC, 2.555%, dated 02/28/05, to be repurchased on 03/01/05, repurchase price 587,923,226 (collateralized by U.S. Treasury Obligations, 0.000% - 3.500% due 03/17/05 - 02/15/10; total market value 599,641,803) 587,882 587,881 ----------- TOTAL REPURCHASE AGREEMENTS (COST $2,050,122) 2,050,122 ----------- TOTAL INVESTMENTS (COST $2,618,756) (a) - 100.0% 2,618,756 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.0% 914 ----------- NET ASSETS - 100.0% $ 2,619,670 ===========
---------- SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS FEBRUARY 28, 2005 * Non-income producing security. (a) Cost and gross unrealized appreciation/(depreciation) on a tax basis are as follows (amounts in thousands):
AGGREGATE AGGREGATE NET GROSS GROSS UNREALIZED FEDERAL UNREALIZED UNREALIZED APPRECIATION/ TAX COST APPRECIATION DEPRECIATION (DEPRECIATION) FUND (000) (000) (000) (000) ---- -------- ------------ ------------ -------------- Aggressive Growth Stock Fund 60,334 6,907 (3,107) 3,800 Balanced Fund 263,614 19,596 (2,729) 16,867 Capital Appreciation Fund 1,642,491 190,611 (26,439) 164,172 Emerging Growth Stock Fund 17,990 3,078 (1,033) 2,045 Growth and Income Fund 817,707 239,153 (9,276) 229,877 International Equity Fund 388,757 110,685 (2,490) 108,195 International Equity Index Fund 420,158 126,022 (26,301) 99,721 Mid-Cap Equity Fund 199,367 46,160 (4,009) 42,151 Mid-Cap Value Equity Fund 228,559 21,529 (2,214) 19,315 Small Cap Growth Stock Fund 1,094,750 243,447 (41,376) 202,071 Small Cap Value Equity Fund 777,500 255,443 (12,505) 242,938 Strategic Quantitative Equity Fund 86,958 7,825 (890) 6,935 Tax Sensitive Growth Stock Fund 136,776 40,542 (1,979) 38,563 Value Income Stock Fund 808,874 118,462 (11,340) 107,122 Classic Institutional U.S. Government Securities Super Short Income Plus Fund 65,687 53 (224) (171) Florida Tax-Exempt Bond Fund 179,374 4,889 (399) 4,490 Georgia Tax-Exempt Bond Fund 106,094 4,496 (124) 4,372 High Income Fund 108,062 4,080 (271) 3,809 Investment Grade Bond Fund 616,471 6,067 (3,112) 2,955 Investment Grade Tax-Exempt Bond Fund 311,012 4,170 (818) 3,352 Limited-Term Federal Mortgage Securities Fund 463,970 1,926 (3,689) (1,763) Maryland Municipal Bond Fund 43,256 1,548 (56) 1,492 Short-Term Bond Fund 352,723 408 (3,061) (2,653) Short-Term U.S. Treasury Securities Fund 116,837 (117) (898) (1,015) Strategic Income Fund 302,429 4,553 (1,288) 3,265 U.S. Government Securities Fund 346,863 2,950 (1,615) 1,335 Virginia Intermediate Municipal Bond Fund 186,033 4,791 (243) 4,548 Virginia Municipal Bond Fund 54,326 2,021 (60) 1,961 Life Vision Aggressive Growth Fund 44,280 6,627 (125) 6,502 Life Vision Conservative Fund 6,272 296 (14) 282 Life Vision Growth and Income Fund 94,735 13,013 (75) 12,938 Life Vision Moderate Growth Fund 147,494 13,872 (269) 13,603 Prime Quality Money Market Fund 5,270,236 -- (46) (46) Tax-Exempt Money Market Fund 1,553,681 -- -- -- U.S. Government Securities Money Market Fund 796,724 -- -- -- U.S. Treasury Money Market Fund 1,406,487 -- (33) (33) Virginia Tax-Free Money Market Fund 364,264 -- -- -- Classic Institutional High Quality Bond Fund 72,109 293 (448) (155) Classic Institutional Short-Term Bond Fund 33,916 6 (372) (366) Classic Institutional Super Short Income Plus Fund 221,947 135 (735) (600) Classic Institutional Total Return Bond Fund 62,824 533 (297) 236 Classic Institutional Cash Management Money Market Fund 2,569,224 -- -- -- Classic Institutional U.S. Government Securities Money Market Fund 896,535 -- -- -- Classic Institutional U.S. Treasury Securities Money Market Fund 2,618,841 -- (85) (85)
(b) Market value is less than five hundred dollars. (c) Rate represents the effective yield at purchase. (d) Affiliate Investment. (e) This security or a partial position of this security was on loan at February 28, 2005. The total value of securities on loan at February 28, 2005 was $14,749,126, $25,314,853, $11,164,722, $12,436,829, $12,883,084, $7,056,472, $33,193,055, $245,977,516, $208,474,499, $13,184,048, $1,401,806, $49,472,072, $33,467,998, $623,358, $17,782,496, $1,070,126, and $38,795 for the Balanced, Capital Appreciation, Growth and Income, International Equity, International Equity Index, Mid-Cap Equity, Mid-Cap Value Equity, Small Cap Growth Stock, Small Cap Value Equity, Value Income Stock, High Income, Investment Grade Bond, Short-Term Bond, Strategic Income, U.S. Government Securities, Classic Institutional Short-Term Bond, and Classic Institutional Super Short Income Plus Funds, respectively. (f) Variable rate security. Rate presented represents rate in effect at February 28, 2005. Maturity date represents actual maturity date. (g) 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. (i) Face amount of foreign debt security are shown in base (USD) currency. (j) Security purchased on a when-issue basis. (k) Security in default principal & interest payments. Collectability of principal & interest may be in doubt due to the fact that the company is either in or contemplating bankruptcy. (l) Security in default interest payments. Collectability of interest may be in doubt due to the fact that the company is either in or contemplating bankruptcy. (m) This security was purchased with cash collateral held from securities lending. (n) Securities sold with terms of a private placement memorandum. (o) Prerefunded security; date represents prerefunded date. (p) Step bond. (q) 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: ADR - American Depository Receipt AMT - Alternative Minimum Tax Paper CBTCS - Convertible Bond Transferable Custodial Security CL - Class COP - Certificates of Participation ETM - Escrowed to Maturity GDR - Global Depository Receipts GO - General Obligation REIT - Real Estate Investment Trust SPDR - Standard & Poor's Depository Receipt UTGO - Unlimited Tax General Obligation ACA - American Capital Access AMBAC - Security insured by the American Municipal Bond Assurance Corporation FGIC - Security insured by the Financial Guaranty Insurance Company. FSA - Security insured by Financial Security Assurance. MBIA - Security insured by the Municipal Bond Insurance Association. REMIC - Real Estate Mortgage Investment Conduit RB - Revenue Bond RN - Revenue Notes RAN - Revenue Anticipation Note. Ser - Series TAN - Tax Anticipation Note. NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS 1. ORGANIZATION The STI Classic Funds (the "Trust") was organized as a Massachusetts business trust under a Declaration of Trust dated January 15, 1992. The Trust is registered under the Investment Company Act of 1940, as amended, as an open-end management investment company offering the following funds as of February 28, 2005: the Aggressive Growth Stock Fund, the Balanced Fund, the Capital Appreciation Fund, the Emerging Growth Stock Fund, the Growth and Income Fund, the International Equity Fund, the International Equity Index Fund, the Mid-Cap Equity Fund, the Mid-Cap Value Equity Fund, the Small Cap Growth Stock Fund, the Small Cap Value Equity Fund, the Strategic Quantitative Equity Fund, the Tax Sensitive Growth Stock Fund, the Value Income Stock Fund, the Classic Institutional U.S. Government Securities Super Short Income Plus Fund, the Florida Tax-Exempt Bond Fund, the Georgia Tax-Exempt Bond Fund, the High Income Fund, the Investment Grade Bond Fund, the Investment Grade Tax-Exempt Bond Fund, the Limited-Term Federal Mortgage Securities Fund, the Maryland Municipal Bond Fund, the Short-Term Bond Fund, the Short-Term U.S. Treasury Securities Fund, the Strategic Income Fund, the U.S. Government Securities Fund, the Virginia Intermediate Municipal Bond Fund, the Virginia Municipal Bond Fund, the Life Vision Aggressive Growth Fund, the Life Vision Conservative Fund, the Life Vision Growth and Income Fund, the Life Vision Moderate Growth Fund, the Prime Quality Money Market Fund, the Tax-Exempt Money Market Fund, the U.S. Government Securities Money Market Fund, the U.S. Treasury Money Market Fund, the Virginia Tax-Free Money Market Fund, the Classic Institutional High Quality Bond Fund, the Classic Institutional Short-Term Bond Fund, the Classic Institutional Super Short Income Plus Fund, the Classic Institutional Total Return Bond Fund, the Classic Institutional Cash Management Money Market Fund, the Classic Institutional U.S. Government Securities Money Market Fund, the Classic Institutional U.S. Treasury Securities Money Market Fund, the Classic Institutional Core Bond Fund, the Classic Institutional Intermediate Bond Fund, the Classic Institutional Limited Duration Fund, and the Seix Institutional High Yield Fund, (each a "Fund" and collectively the "Funds"). Information regarding the Classic Institutional Core Bond Fund, the Classic Institutional Intermediate Bond Fund, the Classic Institutional Limited Duration Fund, and the Seix Institutional High Yield Fund is not included herein as an N-Q filing is not being prepared for those funds as of 2/28/05 (as one was completed as of 1/31/05). 2. SIGNIFICANT ACCOUNTING POLICIES The following is a summary of significant accounting policies followed by the Trust in the preparation of its financial statements. These policies are in conformity with accounting principles generally accepted in the United States of America ("GAAP"). The preparation of financial statements in accordance with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expense during the reporting period. The actual results could differ from these estimates. SECURITY VALUATION Securities listed on a securities exchange, market or automated quotation system for which quotations are readily available (except for securities traded on NASDAQ), including securities traded over the counter, are valued at the last quoted sale price on the primary exchange or market (foreign or domestic) on which they are traded on valuation date (or at approximately 4:00 pm Eastern Time if a security's primary exchange is normally open at that time),or, if there is no such reported sale on the valuation date, at the most recent quoted bid price. For securities traded on NASDAQ, the NASDAQ Official Closing Price will be used. If available, debt securities are priced based upon valuations provided by independent, third-party pricing agents. Such values generally reflect the last reported sales price if the security is actively traded. The third-party pricing agents may also value debt securities at an evaluated bid price by employing methodologies that utilize actual market transactions, broker-supplied valuations, or other methodologies designed to identify the market value for such securities. Debt obligations with remaining maturities of sixty days or less may be valued at their amortized cost, which approximates market value. The prices for foreign securities are reported in local currency and converted to U.S. dollars at the exchange rate of such currencies against the U.S. dollar, as of the close of regular trading on the New York Stock Exchange (usually 4:00 pm Eastern Time), as provided by an independent pricing service approved by the Funds' Board of Trustees (the "Board"). If a security price cannot be obtained from an independent, third-party pricing agent, the Funds' administrator shall seek to obtain a bid price from at least one independent broker. Investment securities held in money market funds are stated at amortized cost, which approximates market value. Under the amortized cost method, premium or discount, if any, is amortized or accreted, respectively, on a constant basis to the maturity of the security. Securities for which market prices are not "readily available" are valued in accordance with Fair Value Procedures established by the Board. The Funds' Fair Value Procedures will be performed and monitored by a Fair Value Committee (the "Committee") designated by the Board. Some of the more common reasons that may necessitate that a security be valued using Fair Value Procedures include, but are not limited to: the security's trading has been halted or suspended; the security has been de-listed from a national exchange; the security's primary trading market is temporarily closed at a time when under normal conditions it would be open; or the security's primary pricing source is not able or willing to provide a price. When a security is valued in accordance with the Fair Value Procedures, the Committee will determine the value after taking into consideration relevant information reasonably available to the Committee. For securities that principally trade on a foreign market or exchange, a significant gap in time can exist between the time of a particular security's last trade and the time at which a Fund calculates its net asset value. The closing prices of such securities may no longer reflect their market value at the time the Fund calculates net asset value if an event that could materially affect the value of those securities (a "Significant Event") has occurred between the time of the security's last close and the time that the Fund calculates net asset value. A Significant Event may relate to a single issuer or to an entire market sector. If the adviser or sub-adviser of a Fund becomes aware of a Significant Event that has occurred with respect to a security or group of securities after the closing of the exchange or market on which the security or securities principally trade, but before the time at which the Fund calculates net asset value, it shall immediately notify the Funds' administrator and may preauthorize the Funds' administrator to utilize a pricing service authorized by the Board (a "Fair Value Pricing Service") that has been designed to determine a fair value. On a day when a Fair Value Pricing Service is so utilized pursuant to a preauthorization, the Committee need not meet. If the adviser or sub-adviser does not pre-authorize the Fund's administrator to utilize a Fair Value Pricing Service, the adviser or sub-adviser will request that a Fair Value Committee Meeting be called. In addition, the Funds' administrator monitors price movements among certain selected indices, securities and/or baskets of securities that may be an indicator that the closing prices received earlier from foreign exchanges or markets may not reflect market value at the time the Fund calculates net asset value. If price movements in a monitored index or security exceed levels established by the Funds ("Trigger Points"), the Funds may use a systematic valuation model provided by an independent third party to fair value their international equity securities. The assets of the Life Vision Aggressive Growth Fund, the Life Vision Conservative Fund, the Life Vision Growth and Income Fund and the Life Vision Moderate Growth Fund consist of investments in underlying affiliated investment companies, which are valued at their respective daily net asset values. SECURITY TRANSACTIONS AND INVESTMENT INCOME Security transactions are accounted for no later than one business day after trade date. However, for financial reporting purposes, securities transactions are reported on trade date. REPURCHASE AGREEMENTS In connection with transactions involving repurchase agreements, a third party custodian bank takes possession of the underlying securities ("collateral"), the value of which exceeds the principal amount of the repurchase transaction, including accrued interest. In the event of default on the obligation to repurchase, each Fund has the right to liquidate the collateral and apply the proceeds in satisfaction of the obligation. In the event of default or bankruptcy by the counterparty to the agreement, realization and/or retention of the collateral or proceeds may be subject to legal proceedings. TBA PURCHASE COMMITMENTS The Balanced Fund may enter into "TBA" (To Be Announced) purchase commitments to purchase securities for a fixed price at a future date beyond customary settlement time. TBA purchase commitments may be considered securities in themselves, and involve a risk of loss if the value of the security to be purchased declines prior to settlement date. Unsettled TBA purchase commitments are valued at the current market value of the underlying securities, generally according to the procedures described under "Security Valuation." SECURITIES PURCHASED ON A WHEN-ISSUED BASIS Delivery and payment for securities that have been purchased by a Fund on a forward commitment or when-issued basis can take place up to a month or more after the transaction date. During this period, such securities are subject to market fluctuations. The purchase of securities on a when-issued or forward commitment basis may increase the volatility of a Fund's net asset value if the Fund makes such investments while remaining substantially fully invested. MORTGAGE DOLLAR ROLLS The Funds may enter into mortgage dollar rolls (principally using TBA's) in which a Fund sells mortgage securities for delivery in the current month and simultaneously contracts to repurchase substantially similar securities at an agreed-upon price on a fixed date. The Funds account for such dollar rolls under the purchases and sales method and receive compensation as consideration for entering into the commitment to repurchase. The Funds must maintain liquid securities having a value not less than the repurchase price (including accrued interest) for such dollar rolls. The market value of the securities that the Funds are required to purchase may decline below the agreed upon repurchase price of those securities. The counterparty receives all principal and interest payments, including pre-payments, made in respect of a security subject to such a contract while it is with the holder. Mortgage dollar rolls may be renewed with a new purchase and repurchase price and a cash settlement made on settlement date without physical delivery of the securities subject to the contract. The Funds engage in dollar rolls for the purpose of enhancing its yield, principally by earning a negotiated fee. 3. CONCENTRATIONS/RISKS The International Equity and International Equity Index Funds invest in securities of foreign issuers in various countries. These investments may involve certain considerations and risks not typically associated with investments in the United States as a result of, among other factors, the possibility of future political and economic developments and the level of governmental supervision and regulation of securities markets in the respective countries. The prices of the Funds' fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments. Generally, the Funds' fixed income securities will decrease in value if interest rates rise and vice versa, and the volatility of lower-rated securities is even greater than that of higher-rated securities. Also, longer-term securities are generally more volatile, so the average maturity or duration of these securities affects risk. The High Income and Strategic Income Funds invest in high yield corporate, government, and other debt instruments of U.S. and non-U.S. issuers. High yield securities involve greater risk of default or downgrade and are more volatile than investment grade securities. The High Income and Strategic Income Funds' investment in foreign countries poses additional risks since political and economic events unique to a country or region will affect those markets and their issuers. In addition, investments in foreign countries are generally denominated in a foreign currency. As a result, changes in the value of those currencies compared to the U.S. dollar may affect the value of a Fund's investment. The Florida Tax-Exempt Bond, Georgia Tax-Exempt Bond, Maryland Municipal Bond, Virginia Intermediate Municipal Bond, and Virginia Municipal Bond Funds' concentrations of investments in securities of issuers located in a specific region subjects each Fund to the economic and government policies of that region. The Investment Grade Bond, Limited-Term Federal Mortgage Securities, Short-Term Bond, and U.S. Government Securities Funds invest in securities whose value is derived from an underlying pool of mortgages or consumer loans. Prepayment of these loans shortens the stated maturity of these respective obligations and may result in a loss of premium, if any has been paid. Estimates of such prepayments are used to calculate expected maturity dates and a fund's average duration. Certain securities are backed by letters of credit from various financial institutions and financial guaranty assurance agencies. These letters of credit enhance the credit quality of the individual securities; however, if any of the financial institutions or financial guaranty assurance agencies' credit quality should deteriorate, it could cause the individual security's credit quality to change. Additionally, if any of the Funds concentrate their letters of credit in any one financial institution, the risk of credit quality deterioration increases. The money market funds invest primarily in money market instruments maturing in 397 days or less whose ratings are within one of the two highest ratings categories assigned by a nationally recognized statistical rating agency, or, if not rated, are believed to be of comparable quality. The ability of the issuers of the securities held by the Fund to meet their obligations may be affected by economic developments in a specific industry, state or region. The Virginia Tax-Free Money Market Fund concentrates its investments in securities of issuers located in a specific region, subjecting the Fund to the economic and government policies of that region. Some Funds hold certain securities whereby the issuer operates under a congressional charter; these securities (Federal Home Loan Mortgage Corporation, (Freddie Mac) Federal Home Loan Bank and Federal National Mortgage Association (Fannie Mae)) are neither issued nor guaranteed by the U.S. Government. If needed, access to additional funding from the Department of the U.S. Treasury (beyond the issuer's line of credit), would require congressional action. 4. SECURITIES LENDING The Balanced Fund, Capital Appreciation Fund, Classic Institutional Short-Term Bond Fund, Classic Institutional Super Short Income Plus Fund, Classic Institutional U.S. Government Securities Super Short Income Plus Fund, Growth and Income Fund, High Income Fund, International Equity Fund, International Equity Index Fund, Investment Grade Bond Fund, Limited-Term Federal Mortgage Securities Fund, Mid-Cap Equity Fund, Mid-Cap Value Equity Fund, Short-Term Bond Fund, Small Cap Growth Stock Fund, Small Cap Value Equity Fund, Strategic Income Fund, Tax Sensitive Growth Stock Fund, U.S. Government Securities Fund and Value Income Stock Fund may lend portfolio securities to brokers, dealers and other financial organizations that meet capital and other credit requirements or other criteria established by the Trust's Board of Trustees. These loans may not exceed 33 1/3% of the total asset value of the Fund (including the loan collateral). No Fund will lend portfolio securities to its investment adviser, sub-adviser, or their affiliates unless it has applied for and received specific authority to do so from the Securities and Exchange Commission. Loans of portfolio securities will be fully collateralized by cash. The value of the collateral is at least 102% of the market value of the securities loaned. However, due to market fluctuations during the day, the value of securities loaned on a particular day may, during the course of the day, exceed the value of collateral. On each business day, the amount of collateral is adjusted based on the prior day's market fluctuations and the current day's lending activity. Income from lending activity is determined by the amount of interest earned on collateral, less any amounts payable to the borrowers of the securities and the lending agent. Lending securities involves certain risks, including the risk that the Fund may be delayed or prevented from recovering the collateral if the borrower fails to return the securities. Cash collateral received in connection with securities lending is invested in the Boston Global Investment Trust-Enhanced Portfolio. This investment consists of money market instruments including money market mutual funds registered under the Investment Company Act of 1940, commercial paper, repurchase agreements, U.S. Treasury Bills and U.S. Agency Obligations. At February 28, 2005, the Portfolio was invested in money market mutual funds, commercial paper, repurchase agreements, U.S. Agency Obligations and corporate bonds (with interest rates ranging from 1.40% to 2.87% and maturity dates ranging from 03/01/05 to 10/31/07). 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 April 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 April 28, 2005 --------------------------------------------------------------------------- By (Signature and Title)* /s/ Bryan Haft ---------------------------------------------------- Bryan Haft, Treasurer, STI Classic Funds ----------------------------------------------- Date April 28, 2005 --------------------------------------------------------------------------- * Print the name and title of each signing officer under his or her signature.