N-Q 1 l15631anvq.txt STI CLASSIC FUNDS FORM N-Q OMB APPROVAL OMB Number: 3235-0578 Expires: February 28, 2006 Estimated average burden hours per response........20.00 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-06557 STI Classic Funds (Exact name of registrant as specified in charter) 101 Federal Street Boston, MA 02110 (Address of principal executive offices) (Zip code)
BISYS Fund Services, 3435 Stelzer Road Columbus, Ohio 43219 (Name and address of agent for service) Registrant's telephone number, including area code: 614-470-8000 Date of fiscal year end: 3/31 Date of reporting period: 6/30/05 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 FUNDS CLASSIC INSTITUTIONAL CASH MANAGEMENT MONEY MARKET FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
PRINCIPAL AMOUNT VALUE --------- -------- CERTIFICATES OF DEPOSIT (11.0%) BANKS (6.4%) Credit Suisse First Boston (USA), 3.154%, 01/09/06 (b) $ 50,000 $ 50,001 Regions Bank, 3.040%, 07/05/05 30,000 30,000 Regions Bank, 3.225%, 08/23/05 (b) 35,000 35,000 Regions Bank, 3.690%, 05/25/06 35,000 35,000 Toronto Dominion Bank (The), 3.805%, 06/30/06 30,000 30,001 -------- 180,002 -------- DIVERSIFIED FINANCIAL SERVICES (4.6%) HBOS Treasury Services PLC, 3.675%, 06/02/06 35,000 35,002 HBOS Treasury Services PLC, 3.755%, 06/26/06 35,000 35,002 Morgan Stanley, 3.270%, 01/13/06 (b) 60,000 59,999 -------- 130,003 -------- TOTAL CERTIFICATES OF DEPOSIT (COST $310,005) 310,005 -------- COMMERCIAL PAPERS (23.4%) BANKS (12.1%) Australia & New Zealand National International, 3.126%, 07/18/05 (c) 30,000 29,956 Australia & New Zealand National International, 3.607%, 04/27/06 (c) 65,000 63,115 Credit Suisse First Boston LLC, 3.207%, 08/10/05 (c) 50,000 49,823 DEPFA Bank PLC, 3.693%, 05/30/06 (c) 30,000 29,012 PNC Bank N.A., 3.301%, 08/04/05 (c) 40,000 39,876 Societe Generale, 3.217%, 08/10/05 (c) 100,000 99,643 Spintab AB, 3.033%, 07/05/05 (c) 25,000 24,992 -------- 336,417 -------- DIVERSIFIED FINANCIAL SERVICES (9.9%) Ciesco LLC, 3.349%, 08/05/05 08/05/05 (c) (d) 40,000 39,875 CIT Group, Inc., 3.106%, 07/14/05 (c) 50,000 49,944 Greenwich Capital Holdings, Inc., 3.071%, 09/01/05 (b) 50,000 50,000 Greenwich Capital Holdings, Inc., 3.220%, 12/20/05 (b) 50,000 50,000 Liquid Funding Ltd., 3.183%, 08/05/05 (c) (d) 45,000 44,862 National Rural Utilities Cooperative Finance Corp., 3.333%, 08/10/05 (c) 45,000 44,834 -------- 279,515 -------- RETAIL (1.4%)
Wal-mart Funding Corp., 3.339%, 08/22/05 (c) 40,000 39,808 ------- TOTAL COMMERCIAL PAPERS (COST $655,740) 655,740 ------- CORPORATE BONDS (21.4%) AUTO MANUFACTURERS (1.8%) Toyota Motor Credit Corp, Ser B, 3.249%, 01/25/06 (b) 50,000 49,999 ------- BANKS (5.0%) American Express Centurion Bank, 3.220%, 09/20/05 (b) 30,000 30,000 PNC Bank NA, Ser BKNT, 3.210%, 03/21/06 (b) 50,000 49,987 SouthTrust Bank NA, Ser BKNT, 3.350%, 12/14/05 (b) 25,000 24,998 Wells Fargo Bank NA, Ser BKNT, 3.090%, 02/06/06 (b) 35,000 35,000 ------- 139,985 ------- DIVERSIFIED FINANCIAL SERVICES (14.0%) American Express Credit Corp., Ser B, 3.340%, 01/23/06 (b) 50,000 50,022 Beta Finance, Inc., 2.500%, 11/10/05 (d) 25,000 25,000 Beta Finance, Inc., 3.200%, 03/07/06 (b) (d) 35,000 34,998 BMW US Capital LLC, 4.149%, 06/07/06 (b) 50,000 50,156 General Electric Capital Corp., Ser A, 3.410%, 02/03/06 (b) 35,000 35,049 Liberty Light US Capital, 3.200%, 01/17/06 (b) (d) 50,000 49,993 Liberty Light US Capital, 3.170%, 05/11/06 (b) (d) 50,000 49,994 Morgan Stanley, Ser 1, 3.340%, 08/15/05 (b) 25,000 25,005 Sigma Finance, Inc., 2.355%, 09/13/05 (d) 25,000 25,000 Sigma Finance, Inc., 3.210%, 01/18/06 (b) (d) 50,000 49,994 ------- 395,211 ------- INVESTMENT COMPANIES (0.6%) Dorada Finance, Inc., 3.197%, 09/15/05 (b) (d) 18,000 18,000 ------- TOTAL CORPORATE BONDS (COST $603,195) 603,195 ------- DEMAND NOTES (2.5%) DIVERSIFIED FINANCIAL SERVICES (1.6%) Carmichael Properties LLC, 3.260%, 10/01/20 (b) 2,930 2,930 Gasmor Corp., 3.240%, 02/01/31 (b) 3,630 3,630 LP Pinewood SPV LLC, 3.340%, 02/01/18 (b) 14,900 14,900 Morgan Stanley, 3.180%, 11/04/05 (b) 25,000 25,000 ------- 46,460 ------- INVESTMENT COMPANIES (0.9%) Dorada Finance, Inc., 2.200%, 09/07/05 (b) (d) 25,000 25,000 -------
TOTAL DEMAND NOTES (COST $71,460) 71,460 ------- MASTER NOTES (5.1%) BANKS (5.1%) Bank of America Corp., 3.508%, 09/14/05 (b) 142,400 142,400 ------- TOTAL MASTER NOTES (COST $142,400) 142,400 ------- MUNICIPAL BONDS (18.9%) ALABAMA (0.3%) Alabaster, Ser A, GO, 3.300%, 04/01/14, AMBAC (b) 9,355 9,355 ------- ALASKA (4.1%) Alaska State Housing Finance Corp., Ser C, RB, 3.270%, 12/01/32 (b) 90,780 90,780 Alaska State Housing Finance Corp., Ser D, RB, 3.300%, 12/01/32 (b) 24,800 24,800 ------- 115,580 ------- CALIFORNIA (1.9%) California Housing Finance Agency, Ser C, RB, 3.310%, 02/01/41, LOC: Landesbank Hessen-Thueringen (b) 3,300 3,300 Oakland-Alameda County Coliseum Authority, Ser D, RB, 3.320%, 02/01/11 (b) 29,400 29,400 Santa Rosa Rancheria, Tachi Yokut Tribe, RB, 3.300%, 09/01/19, LOC: Bank One N.A. (b) 22,000 22,000 ------- 54,700 ------- COLORADO (4.6%) Colorado Housing & Finance Authority, RB, 3.320%, 11/01/32, LOC: JP Morgan Chase Bank (b) 33,100 33,100 Colorado Housing & Finance Authority, RB, 3.320%, 11/01/33, LOC: JP Morgan Chase Bank (b) 19,600 19,600 Colorado Housing & Finance Authority, RB, 3.320%, 10/01/34, FHLB (b) 19,700 19,700 Colorado Housing & Finance Authority, RB, 3.320%, 11/01/34, LOC: Dexia Credit Local (b) 24,100 24,100 Colorado Housing & Finance Authority, RB, 3.320%, 11/01/35, LOC: Lloyds TSB Bank PLC (b) 9,185 9,185 Colorado Housing & Finance Authority, RB, 3.320%, 05/01/41, LOC: Landesbank Hessen-Thueringen (b) 21,200 21,200 ------- 126,885 ------- FLORIDA (0.3%) Florida Housing Finance Corp., RB, 3.320%, 01/15/35, FNMA (b) 2,500 2,500 Florida Housing Finance Corp., RB, 3.350%, 06/15/36, LOC: Bank of America N.A. (b) 2,900 2,900 Orange County Housing Finance Authority, Multifamily, Ser D, RB, 3.350%, 07/15/34 (b) 2,000 2,000 -------
7,400 ------- ILLINOIS (1.6%) Champaign, Ser B, GO, 3.330%, 01/01/24, LOC: Bank One N.A. (b) 4,900 4,900 Illinois Student Assistance Community, Student Loan, Ser D, RB, 3.320%, 09/01/23, LOC: Bank of America N.A (b) 40,000 40,000 ------- 44,900 ------- MICHIGAN (1.7%) Michigan State Housing Development Authority, Rental Housing, Ser C, RB, 3.330%, 10/01/20 (b) 46,795 46,795 ------- MISSISSIPPI (1.9%) Mississippi Development Bank Special Obligation, Mceda Board Project, RB, 3.410%, 12/01/23, AMBAC (b) 4,010 4,010 Mississippi State, Nissan Project, Ser A, GO, 3.320%, 11/01/28, LOC: Bank of America N.A. (b) 48,800 48,800 ------- 52,810 ------- NEW JERSEY (0.1%) New Jersey Economic Development Authority, The Morey Organization Project, RB, 3.390%, 10/01/15, LOC: First Union National Bank (b) 3,030 3,030 ------- NEW YORK (1.3%) New York City Housing Development Corp., Chelsea Center, 3.300%, 06/01/33, LOC: Bayerische Landesbank (b) 27,800 27,800 New York State Housing Finance Agency, Service Contract, RB, 3.300%, 09/15/08, LOC: Dexia Credit Local (b) 9,800 9,800 ------- 37,600 ------- TEXAS (0.2%) Texas State, Veteran Housing Fund, Ser II-D, GO, 3.300%, 06/01/20, LOC: Dexia Credit Local (b) 7,000 7,000 ------- VIRGINIA (0.9%) Newport News Economic Development Authority, Ship Building Project, Ser A, RB, 3.310%, 07/01/31, LOC: First Union National Bank (b) 21,980 21,980 Newport News Economic Development Authority, Ship Building Project, Ser B, RB, 3.360%, 07/01/31, LOC: First Union National Bank (b) 4,400 4,400 ------- 26,380 ------- TOTAL MUNICIPAL BONDS (COST $532,435) 532,435 ------- U.S. GOVERNMENT AGENCIES (7.4%) FANNIE MAE (5.5%) 2.178%, 07/22/05 (c) 20,000 19,975 2.228%, 09/16/05 (c) 15,000 14,930 2.456%, 10/14/05 (c) 20,000 19,860 3.212%, 12/29/05 (b) 24,500 24,495 3.046%, 01/09/06 (b) 25,000 24,992
3.551%, 05/26/06 (c) 50,000 48,433 ---------- 152,685 ---------- FREDDIE MAC(1.9%) 2.255%, 09/20/05 (c) 15,000 14,926 2.855%, 11/15/05 (c) 40,000 39,577 ---------- 54,503 ---------- TOTAL U.S. GOVERNMENT AGENCIES (COST $207,188) 207,188 ---------- REPURCHASE AGREEMENTS (10.4%) ABN AMRO Bank N.V., 3.305%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $38,299,547 (collateralized by U.S. Treasury obligations; 3.625%, due 04/30/07; market value $39,062,920) 38,296 38,296 Bear Stearns & Co., Inc., 3.385%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $71,162,959 (collateralized by U.S. Government Agencies; 6.000%, due 04/01/35; total market value $72,582,432) 71,156 71,157 BNP Paribas, 3.305%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $36,832,309 (collateralized by U.S. Government Agencies; 4.625%-8.750%, due 05/15/07-10/15/13; total market value $37,565,590) 36,829 36,829 Lehman Brothers, Inc., 3.335%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $65,120,319 (collateralized by U.S. Government Agencies; 5.500%, due 04/01/34; total market value $66,418,894) 65,114 65,114 Merrill Lynch & Co., Inc., 3.255%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $23,096,998 (collateralized by U.S. Government Agencies; 5.500%-6.000%, due 05/01/19-06/01/35; total market value $23,561,719) 23,095 23,095 UBS Warburg LLC, 3.365%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $58,634,798 (collateralized by U.S. Government Agencies; DN-5.000%, due 03/25/33-10/15/34; total market value $59,806,769) 58,629 58,629 ---------- TOTAL REPURCHASE AGREEMENTS (COST $293,120) 293,120 ---------- TOTAL INVESTMENTS (COST $2,815,543) (A) - 100.1% 2,815,543 LIABILITIES IN EXCESS OF OTHER ASSETS - (0.1)% (1,739) ---------- NET ASSETS - 100.0% $2,813,804 ==========
---------- (a) Aggregate cost for federal income tax purposes differ from cost for financial reporting purposes by less than 2% of net assets and is therefore considered substantially the same. (b) Variable rate security. Rate presented represents rate in effect at June 30, 2005. Maturity date represents actual maturity date. (c) Rate represents the effective yield at purchase. (d) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund's advisor has deemed this security to be liquid based upon procedures approved by the Board of Trustees. AMBAC - Security insured by the American Municipal Bond Assurance Corporation DN - Discount Note FHLB - Security insured by Federal Home Loan Bank FNMA - Security insured by Fannie Mae GO - General Obligation LLC - Limited Liability Corporation LOC - Line of Credit RB - Revenue Bond Ser - Series SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS CLASSIC INSTITUTIONAL U.S. GOVERNMENT SECURITIES MONEY MARKET FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
PRINCIPAL AMOUNT VALUE --------- -------- U.S. GOVERNMENT AGENCIES (74.6%) FANNIE MAE (48.1%) 2.184%, 07/22/05 (c) $ 15,000 $ 14,981 3.109%, 08/10/05 (c) 25,000 24,914 3.208%, 08/29/05 (b) 45,000 44,996 3.220%, 09/06/05 (b) 50,000 49,993 3.100%, 09/15/05 (b) 50,000 49,994 2.228%, 09/16/05 (c) 10,000 9,953 2.456%, 10/14/05 (c) 10,000 9,930 2.984%, 11/10/05 (c) 10,000 9,895 3.212%, 12/29/05 (b) 55,000 54,988 3.046%, 01/09/06 (b) 70,770 70,752 3.025%, 02/06/06 (b) 15,000 14,995 3.587%, 04/28/06 (c) 20,000 19,420 3.179%, 05/22/06 (b) 20,000 19,997 -------- 394,808 -------- FEDERAL FARM CREDIT BANK (4.2%) 2.976%, 07/06/05 (c) 20,000 19,992 3.110%, 07/15/05 (b) 5,000 5,000 3.585%, 05/15/06 (c) 10,000 9,694 -------- 34,686 -------- FEDERAL HOME LOAN BANK (10.3%) 3.245%, 09/08/05 (b) 30,000 29,996 2.125%, 09/15/05 10,000 9,998 3.136%, 09/16/05 (b) 25,000 24,998 3.045%, 10/05/05 (b) 20,000 19,998 -------- 84,990 -------- FREDDIE MAC (12.0%) 2.967%, 07/05/05 (c) 25,000 24,992 2.255%, 09/20/05 (c) 10,000 9,950 2.802%, 11/15/05 (c) 20,000 19,793 3.543%, 04/18/06 (c) 10,000 9,723 3.604%, 05/02/06 (c) 15,000 14,556 3.639%, 05/30/06 (c) 20,000 19,351 -------- 98,365 -------- TOTAL U.S. GOVERNMENT AGENCIES (COST $612,849) 612,849 -------- REPURCHASE AGREEMENTS (25.6%) CASH EQUIVALENT (25.6%) Lehman Brothers, Inc., 3.335%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $114,929,736 (collateralized by U.S. Government Agencies, 2.500%-10.000%, due 01/15/07-06/20/35; total market value $117,222,018) 114,919 114,910 Merrill Lynch & Co., Inc., 3.255%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $30,018,409 30,016 30,016
(collateralized by U.S. Government Agencies, 5.500%, due 12/01/32-06/01/35; total market value $30,620,525) UBS Warburg LLC, 3.365%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $65,181,128 (collateralized by U.S. Government Agencies, DN-5.000%, due 04/15/32-04/25/35; total market value $66,482,094) 65,175 65,175 -------- TOTAL REPURCHASE AGREEMENTS (COST $21 0,101) 210,101 -------- TOTAL INVESTMENTS (COST $822,950) (A) - 100.2% 822,950 LIABILITIES IN EXCESS OF OTHER ASSETS - (0.2)% (1,762) -------- NET ASSETS - 100.0% $821,188 ========
---------- (a) Aggregate cost for federal income tax purposes differ from cost for financial reporting purposes by less than 2% of net assets and is therefore considered substantially the same. (b) Variable rate security. Rate presented represents rate in effect at June 30, 2005. Maturity date represents actual maturity date. (c) Rate represents the effective yield at purchase. DN - Discount Note LLC - Limited Liability Corporation SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS CLASSIC INSTITUTIONAL U.S. TREASURY SECURITIES MONEY MARKET FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
PRINCIPAL AMOUNT VALUE --------- -------- U.S. TREASURY OBLIGATIONS (30.1%) U.S. TREASURY BILLS (16.9%) 3.242%, 07/15/05 (b) $248,000 $247,696 3.009%, 08/25/05 (b) 60,000 59,728 3.050%, 09/15/05 (b) 110,000 109,301 -------- 416,725 -------- U.S. TREASURY NOTES (13.2%) 5.750%, 11/15/05 242,000 244,597 1.875%, 12/31/05 80,000 79,437 -------- 324,034 -------- TOTAL U.S. TREASURY OBLIGATIONS (COST $740,759) 740,759 -------- REPURCHASE AGREEMENTS (80.1%) ABN AMRO Bank N.V., 2.755%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $537,689,149 (collateralized by U.S. Government Agencies, 6.125% - 9.000%, due 11/15/18 - 08/15/28 total market value $548,401,351) 537,648 537,647 Bear Stearns & Co., Inc., 2.705%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $85,455,323 (collateralized by U.S. Government Agencies, DN - 6.250%, due 05/15/08 - 05/15/30: total market value $89,001,436) 85,449 85,449 BNP Paribas, 2.755%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $119,580,849 (collateralized by U.S. Government Agencies, 3.500%, due 01/15/11: total market value $121,963,225) 119,572 119,572 Deutsche Bank AG, 2.855%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $113,061,894 (collateralized by U.S. Government Agencies, DN - 4.000%, due 05/15/08 - 11/15/26: total market value $115,314,095) 113,053 113,053 Dresdner Bank AG, 2.805%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $110,655,405 (collateralized by U.S. Government Agencies, DN - 9.250%, due 07/14/05 - 02/15/31: total market value $112,862,621) 110,649 110,649 Greenwich Capital Markets, Inc., 2.805%, dated 06/30/05, to be repurchased 118,526 118,526
on 07/01/05, repurchase price $118,534,899 (collateralized by U.S. Government Agencies, 2.000% - 2.375%, due 01/15/14 - 01/15/25 : total market value $120,899,442) JPMorgan Chase & Co., 2.705%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $105,127,001 (collateralized by U.S. Government Agencies, 3.000% - 9.125%, due 02/15/09 - 05/15/30: total market value $107,221,919) 105,119 105,119 Lehman Brothers, Inc., 2.705%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $120,586,210 (collateralized by U.S. Government Agencies, 11.750%, due 11/15/14: total market value $122,991,399) 120,577 120,577 Merrill Lynch & Co., Inc., 2.755%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $102,319,521 (collateralized by U.S. Government Agencies, DN - 8.000%, due 05/15/17 - 11/15/21: total market value $104,358,912) 102,312 102,312 Morgan Stanley, 2.825%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $95,292,183 (collateralized by U.S. Government Agencies, DN, due 02/15/21 - 02/15/22: total market value $97,190,900) 95,285 95,285 UBS Warburg LLC, 2.935%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $466,707,214 (collateralized by U.S. Government Agencies, 2.000% - 3.875%, due 07/15/14 - 04/15/29: total market value $476,003,459) 466,669 466,669 ---------- TOTAL REPURCHASE AGREEMENTS (COST $1,974,858) 1,974,858 ---------- TOTAL INVESTMENTS (COST $2,715,617) (A) - 110.2% 2,715,617 LIABILITIES IN EXCESS OF OTHER ASSETS - (10.2)% (252,241) ---------- NET ASSETS - 100.0% $2,463,376 ==========
---------- (a) Aggregate cost for federal income tax purposes differ from cost for financial reporting purposes by less than 2% of net assets and is therefore considered substantially the same. (b) Rate represents the effective yield at purchase. DN - Discount Note LLC - Limited Liability Corporation SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS PRIME QUALITY MONEY MARKET FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- -------- CERTIFICATES OF DEPOSIT (15.8%) BANKS (11.4%) Barclays Bank PLC, 3.110%, 07/11/05 $30,000 $ 30,000 BNP Paribas, 3.218%, 08/23/05 (b) 60,000 59,997 BNP Paribas, 3.026%, 10/03/05 (b) 65,000 64,993 Credit Suisse First Boston LLC, 3.240%, 11/18/05 (b) 40,000 40,000 Credit Suisse First Boston LLC, 3.130%, 01/06/06 (b) 11,000 11,001 Credit Suisse First Boston LLC, 3.240%, 05/19/06 (b) 50,000 50,000 Deutsche Bank AG, 3.230%, 08/23/05 50,000 49,999 First Tennessee Bank, 3.080%, 07/18/05 50,000 50,000 Fortis Bank NY, 3.610%, 06/07/06 50,000 50,000 PNC Bank NA, 3.610%, 12/30/05 25,000 25,001 Regions Bank, 3.060%, 07/13/05 50,000 50,000 Societe Generale, 3.260%, 09/01/05 50,000 50,000 Toronto Dominion Bank, 3.635%, 04/10/06 75,000 75,006 ------- 605,997 ------- DIVERSIFIED FINANCIAL SERVICES (4.4%) Greenwich Capital Holdings, Inc., 3.071%, 10/17/05 (b) (d) 25,000 24,999 Greenwich Capital Holdings, Inc., 3.110%, 11/29/05 (b) (d) 50,000 50,000 HBOS Treasury Services PLC, 3.050%, 07/01/05 25,000 25,000 HBOS Treasury Services PLC, 3.160%, 08/09/05 50,000 50,000 Liquid Funding Ltd., 3.186%, 10/14/05 (b) (d) 30,000 29,999 Morgan Stanley, 3.280%, 12/13/05 (b) 30,000 30,000 PNC Financial Services Group, 3.610%, 12/30/05 25,000 25,001 ------- 234,999 ------- TOTAL CERTIFICATES OF DEPOSIT (COST $840,996) 840,996 ------- COMMERCIAL PAPERS (34.8%) BANKS (7.2%) ABN AMRO NA, 3.036%, 07/01/05 (c) 17,200 17,200 Australia & New Zealand National Ltd., 3.323%, 08/10/05 (c) (d) 50,000 49,816 Australia & New Zealand National Ltd., 3.236%, 08/24/05 (c) (d) 47,700 47,470 Credit Suisse First Boston LLC, 3.272%, 07/05/05 (c) 23,000 22,992
Danske Bank, 3.134%, 08/02/05 (c) 25,000 24,931 DEPFA Bank PLC, 3.043%, 07/05/05 (c) (d) 25,000 24,992 DnB Nor Bank ASA, 3.034%, 07/06/05 (c) 75,753 75,721 DnB Nor Bank ASA, 3.381%, 09/23/05 (c) 4,850 4,812 DnB Nor Bank ASA, 3.432%, 09/29/05 (c) 6,200 6,147 Northern Rock PLC, 3.110%, 07/18/05 (c) (d) 34,750 34,699 Spintab AB, 3.252%, 07/05/05 (c) 5,250 5,248 Spintab AB, 3.164%, 08/11/05 (c) 50,737 50,554 Spintab AB, 3.196%, 08/12/05 (c) 15,000 14,945 ------- 379,527 ------- DIVERSIFIED FINANCIAL SERVICES (22.1%) Alliance & Leicester, 3.175%, 08/09/05 (c) (d) 25,000 24,915 Alliance & Leicester, 3.190%, 08/18/05 (c) (d) 25,000 24,895 Alliance & Leicester, 3.345%, 10/11/05 (c) (d) 91,000 90,143 Atlantis One Funding Corp., 3.060%, 07/11/05 (c) (d) 25,000 24,979 Atlantis One Funding Corp., 3.175%, 08/09/05 (c) (d) 25,000 24,915 Barclays US Funding Corp., 3.177%, 07/11/05 (c) 17,300 17,285 Ciesco LLC, 3.160%, 08/03/05 (c) 33,592 33,495 CIT Group, Inc., 3.134%, 08/04/05 (c) 40,000 39,883 CIT Group, Inc., 3.360%, 10/13/05 (c) 8,475 8,394 Citigroup Global Markets Holdings, Inc., 3.061%, 07/12/05 (c) 35,000 34,967 Citigroup Global Markets Holdings, Inc., 3.155%, 08/04/05 (c) 50,000 49,852 Compass Securitization LLC, 3.158%, 07/11/05 (c) (d) 43,000 42,962 Compass Securitization LLC, 3.209%, 07/19/05 (c) (d) 24,000 23,962 Compass Securitization LLC, 3.210%, 07/20/05 (c) (d) 15,545 15,518 Compass Securitization LLC, 3.307%, 07/21/05 (c) (d) 9,950 9,932 Compass Securitization LLC, 3.254%, 08/25/05 (c) (d) 42,130 41,922 Dexia Delaware LLC, 3.248%, 07/19/05 (c) 15,949 15,923 Dexia Delaware LLC, 3.419%, 09/23/05 (c) 40,800 40,477 Dresdner US Financial, 3.198%, 07/15/05 (c) 23,192 23,163 Edison Asset Securitization, 3.194%, 07/07/05 (c) (d) 20,000 19,989 Edison Asset Securitization, 3.063%, 07/11/05 (c) (d) 45,928 45,889 HBOS Treasury Services PLC, 3.065%, 07/08/05 (c) 25,000 24,985 Mane Funding Corp., 3.249%, 07/21/05 (c) (d) 50,000 49,910 Mane Funding Corp., 3.349%, 08/24/05 (c) (d) 50,000 49,750 Mane Funding Corp., 3.246%, 08/25/05 (c) (d) 4,982 4,957 Merrill Lynch & Co., Inc., 3.077%, 25,000 24,991
07/05/05 (c) Merrill Lynch & Co., Inc., 3.233%, 07/07/05 (c) 50,000 49,974 National Rural Utilities Cooperative Finance Corp., 3.129%, 07/12/05 (c) 20,000 19,981 National Rural Utilities Cooperative Finance Corp., 3.310%, 08/03/05 (c) 38,960 38,842 National Rural Utilities Cooperative Finance Corp., 3.333%, 08/11/05 (c) 12,990 12,941 New Center Asset Trust, 3.313%, 08/12/05 (c) 16,497 16,433 Rabobank USA Financial Corp., 3.154%, 07/05/05 (c) 14,000 13,995 Rabobank USA Financial Corp., 3.152%, 07/25/05 (c) 6,665 6,651 Rabobank USA Financial Corp., 3.226%, 08/09/05 (c) 7,600 7,574 Seimens Capital Co. LLC, 3.012%, 07/01/05 (c) 100,000 100,001 Sigma Finance, Inc., 3.124%, 07/26/05 (c) (d) 25,000 24,946 Southern Co., 3.178%, 07/13/05 (c) (d) 9,000 8,990 Southern Co., 3.308%, 07/26/05 (c) (d) 15,000 14,966 UBS Financial Services, Inc., 3.082%, 07/08/05 (c) 20,000 19,988 UBS Financial Services, Inc., 3.076%, 07/22/05 (c) 10,415 10,396 UBS Financial Services, Inc., 3.435%, 10/03/05 (c) 19,420 19,248 --------- 1,172,979 --------- INSURANCE (3.7%) ING North America Insurance Corp., 3.253%, 07/06/05 (c) 5,500 5,498 ING North America Insurance Corp., 3.095%, 07/08/05 (c) 58,800 58,765 ING North America Insurance Corp., 3.172%, 08/01/05 (c) 13,000 12,965 ING North America Insurance Corp., 3.246%, 08/24/05 (c) 19,000 18,908 ING North America Insurance Corp., 3.346%, 09/06/05 (c) 24,045 23,896 Prudential PLC, 3.246%, 08/25/05 (c) (d) 25,000 24,877 Swiss RE Financial Services Corp., 3.197%, 08/17/05 (c) (d) 50,000 49,793 --------- 194,702 --------- OIL & GAS (0.7%) Total Capital, 3.142%, 07/01/05 (c) (d) 38,700 38,700 --------- TELECOMMUNICATIONS (1.1%) Bellsouth Corp., 3.154%, 07/06/05 (c) (d) 9,535 9,531 Verizon Network Funding Corp., 3.165%, 07/25/05 (c) 50,000 49,895 --------- 59,426 --------- TOTAL COMMERCIAL PAPERS (COST $1,845,334) 1,845,334 --------- CORPORATE BONDS (40.2%)
AGRICULTURE (0.6%) Cargill, Inc., 6.250%, 05/01/06 (d) 29,770 30,366 ------- AUTO MANUFACTURERS (0.9%) American Honda Finance Corp., 3.210%, 05/12/06 (b) (d) 50,000 50,000 ------- AUTOMOBILE ABS (2.8%) AmeriCredit Automobile Receivables Trust, Ser 2005-1, Cl A, 3.143%, 04/06/06 14,008 14,008 Daimler Chrysler Auto Trust, Ser 2005-B, Cl A1, 3.260%, 05/08/06 (d) 27,923 27,923 Honda Auto Receivables Owner Trust, Ser 2005-2, Cl A1, 3.182%, 05/15/06 6,086 6,086 Honda Auto Receivables Owner Trust, Ser 2005-3, Cl A1, 3.420%, 06/19/06 50,000 50,000 Nissan Auto Receivables Owner Trust, Ser 2005-B, Cl A1, 3.358%, 06/15/06 32,387 32,385 Wachovia Auto Owner Trust, Ser 2005-A, Cl A1, 3.340%, 05/22/06 16,102 16,102 ------- 146,504 ------- BANKS (8.2%) Bank of New York Co., Inc. (The), 3.354%, 06/27/06 (b) (d) 25,000 25,000 DEPFA Bank PLC, 3.420%, 06/15/06 (b) (d) 125,000 125,000 First Union National Bank, 3.390%, 09/06/05 (b) 50,000 50,026 National City Bank, 3.266%, 12/29/05 (b) 10,000 9,999 Northern Rock PLC, 3.410%, 07/07/06 (b) (d) 101,500 101,506 Wachovia Corp., 7.450%, 07/15/05 12,721 12,743 Wells Fargo & Co., 3.286%, 09/14/05 (b) 51,000 51,000 Wells Fargo & Co., 3.180%, 06/30/06 (b) 10,000 10,000 Wells Fargo & Co., 3.190%, 07/14/06 (b) (d) 50,000 50,000 ------- 435,274 ------- COMPUTERS (0.5%) IBM Corp., 3.140%, 07/07/06, Callable 11/08/05 @ 100 (b) (d) 25,000 25,002 ------- DIVERSIFIED FINANCIAL SERVICES (25.0%) American Express Credit Corp., 3.230%, 08/04/06 (b) 90,000 90,000 Bear Stearns & Co., Inc., 3.330%, 05/28/06 (b) 125,000 125,000 BMW US Capital LLC, 4.149%, 06/07/06 (b) 50,000 50,155 CIT Group, Inc., 3.620%, 07/29/05 (b) 7,500 7,502 CIT Group, Inc., 7.625%, 08/16/05 23,117 23,252 CIT Group, Inc., 3.260%, 05/12/06 (b) 25,000 25,000 Dorada Finance, Inc., 3.330%, 07/15/05 (b) (d) 50,000 50,001 Dorada Finance, Inc., 3.196%, 03/14/06 (b) (d) 8,500 8,501 General Electric Capital Corp., 3.600%, 35,000 35,029
09/23/05 (b) General Electric Capital Corp., 3.420%, 05/12/06 (b) 10,115 10,133 General Electric Capital Corp., 3.284%, 07/07/06 (b) 69,000 69,000 Goldman Sachs Group, Inc. (The), 3.210%, 06/15/05 (b) (d) 100,000 100,000 Household Finance Corp., 3.274%, 10/25/05 (b) 50,000 50,000 Household Finance Corp., 3.280%, 10/28/05 (b) 50,000 49,999 Household Finance Corp., 8.875%, 02/15/06 16,000 16,509 Lehman Brothers Holdings, Inc., 6.250%, 05/15/06 25,000 25,545 Liberty Light US Capital, 3.076%, 02/01/06 (b) (d) 50,000 50,000 Liberty Light US Capital, 3.115%, 02/07/06 (b) (d) 25,000 25,000 Liberty Light US Capital, 3.170%, 05/11/06 (b) (d) 50,000 49,994 Liquid Funding Ltd., 3.160%, 11/07/05 (b) (d) 115,000 114,994 Merrill Lynch & Co., Inc., 3.180%, 07/03/06 (b) 30,000 30,000 Morgan Stanley, 3.220%, 07/14/06 (b) 75,000 75,000 Morgan Stanley, 3.325%, 07/14/06 (b) 48,500 48,500 National Rural Utilities Cooperative Finance Corp., 6.000%, 05/15/06 37,987 38,693 Sigma Finance, Inc., 3.345%, 08/05/05 (b) (d) 50,000 50,003 Sigma Finance, Inc., 3.170%, 10/11/05 (b) (d) 25,000 24,998 Sigma Finance, Inc., 3.345%, 05/02/06 (b) (d) 50,000 50,000 Toyota Motor Credit Corp., 3.244%, 09/09/05 (b) 39,000 39,008 --------- 1,331,816 --------- INSURANCE (0.7%) Jefferson-Pilot Capital Corp., 3.270%, 02/17/06 (b) (d) 35,000 35,000 --------- OTHER ABS (0.1%) GE Commercial Equipment Financing LLC, Ser 2005-1, Cl A1, 3.424%, 06/20/06 6,000 6,000 --------- PHARMACEUTICALS (1.4%) Pfizer, Inc., 3.120%, 08/07/06, Callable 09/07/05 @ 100 (b) (d) 75,000 75,000 --------- TOTAL CORPORATE BONDS (COST $2,134,962) 2,134,962 --------- MASTER NOTES (3.1%) BANKS (3.1%) Bank of America Corp., 3.508%, 09/14/05 (b) 165,000 165,000 --------- TOTAL MASTER NOTES (COST $165,000) 165,000 --------- MONEY MARKET FUNDS (3.8%)
Federated Prime Value Money Market Fund (b) 200,000,000 200,000 ---------- TOTAL MONEY MARKET FUNDS (COST $200,000) 200,000 ---------- REPURCHASE AGREEMENTS (2.4%) Bear Stearns & Co., Inc., 3.385%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $13,527,528 (collateralized by U.S. Government Agencies, DN, due 08/01/34; total market value $13,796,873) 13,526 13,526 BNP Paribas, 3.305%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $10,244,846 (collateralized by U.S. Government Agencies, 4.250%, due 11/15/11; total market value $10,449,637) 10,244 10,244 Lehman Brothers, Inc., 3.335%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $22,296,137 (collateralized by U.S. Government Agencies, 5.500%, due 04/01/34; total market value $22,739,511) 22,294 22,294 Merrill Lynch & Co., Inc., 3.255%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $10,883,116 (collateralized by U.S. Government Agencies, 5.000%, due 07/01/35; total market value $11,102,622) 10,882 10,882 Morgan Stanley, 3.355%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $13,424,604 (collateralized by U.S. Government Agencies, 4.541%, due 04/01/35; total market value $13,740,907) 13,423 13,423 UBS Warburg LLC, 3.365%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $54,549,637 (collateralized by U.S. Government Agencies, 5.000%, due 10/15/34; total market value $55,636,756) 54,545 54,545 ---------- TOTAL REPURCHASE AGREEMENTS (COST $124,914) 124,914 ---------- TOTAL INVESTMENTS (COST $5,311,206) (A) - 100.1% 5,311,206 LIABILITIES IN EXCESS OF OTHER ASSETS - (0.1)% (5,199) ---------- NET ASSETS - 100.0% $5,306,007 ==========
---------- (a) Aggregate cost for federal income tax purposes differ from cost for financial reporting purposes by less than 2% of net assets and is therefore considered substantially the same. (b) Variable rate security. Rate presented represents rate in effect at June 30, 2005. Maturity date represents actual maturity date. (c) Rate represents the effective yield at purchase. (d) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund's advisor has deemed this security to be liquid based upon procedures approved by the Board of Trustees. Cl - Class DN - Discount Note LLC - Limited Liability Company Ser - Series SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS TAX-EXEMPT MONEY MARKET FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------- MUNICIPAL BONDS (98.68%) ALABAMA (2.14%) Birmingham-Carraway Special Care Facilities Financing Authority, Carraway Methodist Health Project, Ser A, RB, 2.260%, 08/15/28, LOC: AmSouth Bank (b) $ 9,695 $ 9,695 Cherokee Industrial Development Board, The BOC Group Project, RB, 2.290%, 04/01/08, LOC: Wachovia Bank of Georgia (b) 3,500 3,500 Covington County, GO Warrants, 2.690%, 06/01/32, LOC: SouthTrust Bank N.A. (b) 2,355 2,355 Daphne-Villa Mercy Special Care Facilities Financing Authority, Mercy Medical Project, RB, 2.240%, 12/01/27, LOC: AmSouth Bank (b) 12,800 12,800 Marion Educational Building Authority, Judson College Project, RB, 2.640%, 01/01/33, LOC: SouthTrust Bank N.A. (b) 6,620 6,620 ------- 34,970 ------- ALASKA (1.23%) Valdez Marine Terminal, Exxon Pipeline Co. Project, RB, 2.220%, 10/01/25 (b) 20,000 20,000 ------- ARIZONA (0.23%) Agricultural Improvement & Power District, Salt River Project, Ser SG-10, RB, 2.310%, 01/01/30 (b) 3,700 3,700 ------- ARKANSAS (0.14%) Springdale Sales & Use Tax, RB, 3.000%, 07/01/05, MBIA 2,305 2,305 ------- CALIFORNIA (3.60%) California Housing Finance Agency, Home Mortgage, Ser U, RB, AMT, 2.360%, 02/01/31, FSA (b) 19,500 19,500 California Housing Finance Agency, Home Mortgage, Ser U, RB, AMT, 2.360%, 02/01/32, FSA (b) 16,300 16,300 CSUCI Financing Authority, Rental Housing Project, RB, 1.600%, 08/01/31, LOC: Citibank N.A. (b) 6,100 6,100 Sacramento City Financing Authority, Ser PA 835, RB, 2.300%, 12/01/08, AMBAC (b) 1,900 1,900 San Francisco City & County Housing Authority, Valencia Gardens Housing, 15,000 15,000 -------
RB, AMT, 2.280%, 09/01/49, LOC: Citibank N.A. (b) 58,800 ------ COLORADO (0.34%) Colorado Housing & Finance Authority, St. Moritz Project, Ser H, RB, 2.220%, 10/15/16, FNMA (b) 5,515 5,515 ------ CONNECTICUT (5.28%) Connecticut State Health & Educational Facilities Authority, Ser PT-905, RB, 2.200%, 08/12/19, Callable 07/01/05 @ 101, FGIC (b) 19,125 19,125 Connecticut State, Ser A-1, GO, 2.110%, 03/01/23 (b) 67,000 67,000 ------ 86,125 ------ DISTRICT OF COLUMBIA (0.97%) District of Columbia, Planned Parenthood Project, RB, 2.300%, 12/01/29, LOC: Bank of America N.A. (b) 6,345 6,345 District of Columbia, The Phillips Collection Issue, RB, 2.300%, 08/01/33, LOC: Bank of America N.A. (b) 6,000 6,000 District of Columbia, Thurgood Marshall Center Trust, RB, 2.300%, 11/01/27, LOC: Branch Banking & Trust Co. (b) 3,470 3,470 ------ 15,815 ------ FLORIDA (5.49%) De Soto County Industrial Development, Tremron Project, RB, 2.400%, 11/01/15, LOC: Branch Banking & Trust Co. (b) 4,000 4,000 Florida Housing Finance Agency, Bainbridge Project, Ser M, RB, AMT, 2.260%, 12/01/25, FNMA (b) 6,270 6,270 Florida Housing Finance Corp., Brentwood Club Apartments Project, Ser A-1, RB, AMT, 2.220%, 01/15/35, FNMA (b) 10,400 10,400 Florida Housing Finance Corp., St. Andrews Pointe Apartments Project, Ser E-1, RB, AMT, 2.570%, 06/15/36, FNMA (b) 8,615 8,615 Florida Housing Finance Corp., Stone Harbor Apartments Project, Ser K, RB, AMT, 2.250%, 07/15/36, LOC: AmSouth Bank (b) 5,560 5,560 Hillsborough County Industrial Development Authority, Independent Day School Project, RB, 2.350%, 09/01/26, LOC: Bank of America N.A. (b) 2,300 2,300 Jacksonville Economic Development Commission, Goodwill Industries of North Florida Project, RB, 2.640%, 07/01/23, LOC: SouthTrust Bank N.A. (b) 3,100 3,100 Manatee County St., Stephens Upper School Project, RB, 2.350%, 11/01/25, LOC: Bank of America N.A. (b) 3,300 3,300 Miami-Dade County Industrial Development Authority, Gulliver Schools 7,150 7,150
Project, RB, 2.350%, 09/01/29, LOC: Bank of America N.A. (b) Munimae Trust, Ser PT-616, RB, AMT, 2.370%, 12/19/05, FHLMC (b) (c) 5,000 5,000 Orange County Housing Finance Authority, Charleston Club Apartments Project, Ser A, RB, AMT, 2.260%, 07/15/34, FNMA (b) 7,000 7,000 Santa Rosa County Health Facilities Authority, Baptist Hospital, Inc. Project, RB, 2.300%, 10/01/21, LOC: Bank of America N.A. (b) 8,100 8,100 Sarasota County Health Facility Authority, Bay Village Project, RB, 2.350%, 12/01/23, LOC: Bank of America N.A. (b) 4,200 4,200 Tampa Bay Water Utility System, Regional Water Supply Authority, RB, AMT, 2.350%, 10/01/31, LOC: Bank of America N.A. (b) 9,200 9,200 University of North Florida Foundation, Inc., Parking Systems Project, RB, 2.430%, 05/01/28, LOC: First Union National Bank (b) 5,400 5,400 ------ 89,595 ------ GEORGIA (1.50%) Atlanta Airport, Ser 313, RB, AMT, 2.360%, 01/01/18, Callable 01/01/10 @ 101, FGIC (b) 3,335 3,335 Cobb County Development Authority, Kennesaw State University Project, RB, 2.290%, 11/01/18, AMBAC (b) 5,030 5,030 Houston County Development Authority, Clean Control Corp. Project, RB, AMT, 2.400%, 06/01/20, LOC: Branch Banking & Trust Co. (b) 2,625 2,625 Metropolitan Atlanta Rapid Transit Authority, Ser SG-57, RB, 2.310%, 07/01/20, AMBAC (b) 5,000 5,000 Savannah Economic Development Authority, Exempt Facilities - Consolidated Utilites, Inc. Project, RB, AMT, 2.400%, 12/01/19, LOC: Branch Banking & Trust Co. (b) 2,190 2,190 Savannah Economic Development Authority, Kennickell Printing Co. Project, RB, AMT, 2.400%, 09/01/11, LOC: Branch Banking & Trust Co. (b) 1,620 1,620 Toombs County Hospital Authority, Meadows Regional Medical Center Project, RB, 2.300%, 12/01/17, LOC: Branch Banking & Trust Co. (b) 4,700 4,700 ------ 24,500 ------ HAWAII (0.31%) Hawaii State Airport System, Ser PA-1110, RB, AMT, 1.650%, 07/01/09, FGIC (b) 4,995 4,995 ------ IDAHO (0.05%) Idaho Housing & Finance Assoc., Ser 821 821 ------
PA-115, 2.360%, 01/01/27, LOC: Merrill Lynch Capital Services (b) ILLINOIS (10.79%) Bloomington-Normal Airport Authority, GO, 2.400%, 01/01/12, LOC: Bank One N.A. (b) 700 700 Chicago Airport Special Facilities, Centerpoint O'Hare LLC Project, RB, AMT, 2.400%, 09/01/32, LOC: Bank One N.A. (b) 2,800 2,800 Chicago Waterworks, Merlots Project, Ser A 02, GO, 2.275%, 11/01/30 (b) 14,930 14,930 Chicago, Merlots Project, Ser WWW, GO, 2.320%, 01/01/22, AMBAC (b) 11,000 11,000 Illinois Development Finance Authority, Ser PT 515, RB, 2.370%, 06/01/06, Callable 02/16/06 @101, LOC: Danske Bank A/S (b) 28,000 28,000 Illinois Educational Facilities Authority, Chicago Children's Museum Project, RB, 2.350%, 02/01/28, LOC: Bank One N.A. (b) 1,600 1,600 Illinois Educational Facilities Authority, Museum of Science & Industry Project, RB, 2.350%, 11/01/15, LOC: Northern Trust Co. (b) 4,500 4,500 Illinois Finance Authority, Alexian Brothers Health Project, RB, 2.560%, 04/01/35, LOC: Bank One N.A. (b) 31,000 31,000 Illinois Finance Authority, Resurrection Health, Ser C, RB, 2.550%, 05/15/35, LOC: Lasalle Bank N.A. (b) 50,000 50,000 Illinois Health Facilities Authority, Advocate Health Care Project, Ser B, RB, 2.320%, 08/15/22 (b) 2,100 2,100 Illinois Health Facilities Authority, Proctor Hospital Project, RB, 2.350%, 01/01/12, LOC: Bank One N.A. (b) 3,400 3,400 Illinois State, Merlots Project, Ser B04, GO, 2.320%, 12/01/24, Callable 1/01/12 @ 100, FSA (b) 7,230 7,230 Lockport Industrial Development, Panduit Corp. Project, RB, AMT, 2.390%, 04/01/25, LOC: Fifth Third Bank (b) 2,000 2,000 Macon County, Millikin University Project, RB, 2.300%, 10/01/28, AMBAC (b) 5,850 5,850 Naperville, Heritage YMCA Group, Inc. Project, RB, 2.540%, 12/01/29, LOC: Fifth Third Bank (b) 7,600 7,600 Savanna Industrial Development, Metform Corp. Project, Ser A, RB, AMT, 2.400%, 05/01/14, LOC: Bank One N.A. (b) 500 500 Savanna Industrial Development, Metform Corp. Project, Ser B, RB, AMT, 2.400%, 06/01/09, LOC: Bank One N.A. (b) 1,400 1,400 Wheeling Industrial Development, Circuit Service, Inc. Project, RB, AMT, 2.470%, 04/01/18, LOC: Bank One Illinois N.A. (b) 1,600 1,600 ------
176,210 ------- INDIANA (2.83%) Elkhart County Economic Development, Holly Park, Inc. Project, RB, AMT, 2.500%, 02/01/10, LOC: Bank One Indiana N.A. (b) 1,300 1,300 Fort Wayne Economic Development, Notre Dame Technical Project, RB, AMT, 2.400%, 07/01/09, LOC: Bank One N.A. (b) 1,000 1,000 Indiana Bond Bank, RB, 2.320%, 02/01/22, Callable 02/01/15 @ 100, FGIC (b) 5,190 5,190 Indiana Development Finance Authority, Christel House Project, RB, 2.540%, 02/01/23, LOC: Fifth Third Bank (b) 6,620 6,620 Indiana Development Finance Authority, Culver Educational Foundation Project, RB, 2.350%, 01/01/32, LOC: Northern Trust Co. (b) 12,700 12,700 Indiana Development Finance Authority, Indiana Historical Society Project, RB, 2.350%, 08/01/31, LOC: Bank One Indiana N.A. (b) 1,200 1,200 Indiana Health Facility Financing Authority, Clarian Health Partners, Inc. Project, Ser B, RB, 2.280%, 02/15/26, LOC: JPMorgan Chase & Co. (b) 2,000 2,000 La Porte County Economic Development, Pedcor Investments-Woodland Project, RB, AMT, 2.390%, 10/01/29, FHLB (b) 1,200 1,200 Marshall County Economic Development, Culver Educational Foundation Project, RB, 2.350%, 01/01/35, LOC: Bank One N.A. (b) 8,300 8,300 MSD Warren Township Vision 2005 School Building Corp., Merlots Project, Ser A52, RB, 2.320%, 07/15/20, FGIC (b) 6,600 6,600 ------- 46,110 ------- IOWA (0.39%) Iowa Higher Education Loan Authority, Private College-Graceland Project, RB, 2.350%, 02/01/33, LOC: Bank of America N.A. (b) 3,700 3,700 Sac County Industrial, Evapco, Inc. Project, RB, AMT, 2.400%, 07/01/16, LOC: Bank of America N.A. (b) 2,620 2,620 ------- 6,320 ------- KENTUCKY (1.03%) Campbell County Industrial Building, Hospital Imaging Co., Inc. Project, RB, 2.560%, 04/01/20, LOC: Fifth Third Bank (b) 2,705 2,705 Kentucky State Turnpike Authority, Economic Development, Ser PT-2702, RB, 2.310%, 07/01/22, Callable 07/01/15 @ 100, AMBAC (b) 14,100 14,100 ------- 16,805 -------
LOUISIANA (1.02%) Louisiana Public Facilities Authority, Advance Funding Notes, Ser C, RB, 3.000%, 10/20/05 3,325 3,337 Louisiana Public Facilities Authority, Advance Funding Notes, Ser D, RB, 3.000%, 10/20/05 13,235 13,285 ------ 16,622 ------ MARYLAND (1.56%) Maryland Community Development Administration, Department of Housing & Community Development, People's Resource Center, Ser C, RB, AMT, 2.280%, 09/01/35, LOC: Lloyds TSB Bank PLC (b) 15,040 15,040 Maryland State Economic Development Corp., YMCA of Central Maryland, Inc. Project, RB, 2.300%, 04/01/28, LOC: Branch Banking & Trust Co. (b) 4,450 4,450 Maryland State, Ser PA 816, GO, 2.300%, 03/01/12, LOC: Merrill Lynch Capital Services, Inc. (b) 5,995 5,995 ------ 25,485 ------ MASSACHUSETTS (1.47%) Massachusetts State Development Finance Agency, Ser PT 514, RB, 2.350%, 01/01/24, LOC: Merrill Lynch Capital Services (b) 6,000 6,000 Massachusetts State STARS Certificates, Ser 2003-25, GO, 2.300%, 04/01/17, MBIA (b) 8,000 8,000 Massachusetts State, Ser PT 1390, GO, 2.300%, 03/01/10, FSA (b) 9,925 9,925 ------ 23,925 ------ MICHIGAN (1.56%) ABN AMRO Munitops Certificate Trust, Ser 2004-2, RB, AMT,2.390%, 12/20/11, GNMA (b) 9,780 9,780 Detroit Sewer Disposal System, Second Lien, Ser E, RB, 1.550%, 07/01/31, FGIC (b) 15,000 15,000 Oakland County Economic Development Corp., Moody Family Ltd. Project, RB, AMT, 2.500%, 09/01/12, LOC: Bank One Michigan (b) 600 600 ------ 25,380 ------ MISSOURI (0.23%) Carthage Industrial Development Authority, Schreiber Project, RB, AMT, 2.400%, 11/01/10, LOC: First National Bank (b) 3,100 3,100 Missouri State Environmental Improvement & Energy Resource Authority, Utilicorp United, Inc. Project, RB, AMT, 2.400%, 05/01/28, LOC: Toronto Dominion Bank (b) 700 700 ------ 3,800 ------ MONTANA (0.52%)
Missoula County Economic Development, Dinny Stranahan Research Institute Project, RB, 2.300%, 06/01/20, LOC: Northern Trust Co. (b) 8,500 8,500 ------ NEVADA (2.26%) Clark County Airport, Sub Lien, Ser A-2, RB, AMT, 2.300%, 07/01/25, LOC: Westdeutsche Landesbank (b) 3,825 3,825 Las Vegas New Convention & Visitors Authority, Ser PT-2714, RB, 2.310%, 07/01/15, AMBAC (b) 22,600 22,600 Nevada State, Ser 344, GO, 2.330%, 05/15/28, Callable 05/15/08 @ 100, FGIC (b) 5,495 5,495 Nevada State, Ser SG 114, 2.310%, 03/01/27 (b) 5,000 5,000 ------ 36,920 ------ NEW JERSEY (4.19%) New Jersey Economic Development Authority, Ser 1533, RB, 2.310%, 06/15/10, MBIA (b) 16,210 16,210 New Jersey Economic Development Authority, Ser PT 1532, RB, 2.310%, 12/15/14, MBIA (b) 10,610 10,610 New Jersey State, Ser PT-2742, GO, 2.310%, 07/15/19, AMBAC (b) 12,600 12,600 New Jersey Transportation Trust Fund Authority, Ser PA 802, RB, 2.310%, 12/15/09, FSA (b) 10,000 10,000 New Jersey Transportation Trust Fund Authority, Ser PT-2489, RB, 2.310%, 12/15/17, Callable 12/15/15 @ 100, AMBAC/FGIC (b) 19,000 19,000 ------ 68,420 ------ NEW YORK (9.91%) Metropolitan Transportation Authority, Service Contract, Ser PA-1121R, RB, 2.310%, 07/01/11, MBIA (b) 12,495 12,495 New York City Housing Development Corp., State Renaissance LLC, Ser A, RB, AMT, 2.260%, 06/01/37, FHLMC (b) 25,000 25,000 New York City Municipal Water Finance Authority, Ser SGB 27, RB, 2.310%, 06/15/24, FSA (b) 9,000 9,000 New York City Municipal Water Finance Authority, Water & Sewer System, Ser PA 523, RB, 2.310%, 06/15/30, Callable 06/15/07 @ 101, FGIC (b) 32,640 32,640 New York Local Government Assistance Corp., Ser PT 410, 2.310%, 04/01/10, LOC: Merrill Lynch Capital Services, Inc. (b) 5 5 New York State Dormitory Authority, Secondary Issues, Ser PT-2645, RB, 2.310%, 03/15/17, Callable 03/15/15 @ 100, AMBAC (b) 10,000 10,000 New York State Dormitory Authority, Ser PA-781, RB, 2.310%, 05/15/17, Callable 05/15/10 @ 101, FSA (b) 6,655 6,655
New York State Housing Finance Agency, 900 8th Ave. Housing Project, Ser A, RB, AMT, 2.270%, 11/01/35, LOC: Keybank N.A. (b) 15,000 15,000 New York State Thruway Authority, Ser SG 119, RB, 2.350%, 01/01/27, LOC: Societe Generale (b) 20,000 20,000 New York, Ser PT-2712, GO, 2.310%, 08/01/25, Callable 08/01/15 @ 100, FGIC (b) 14,000 14,000 Sales Tax Asset Receivables Corp., Ser PT-2450, RB, 2.310%, 10/15/25, Callable 10/15/14 @ 100, MBIA (b) 14,985 14,985 Southeast Industrial Development Agency, Unilock New York, Inc. Project, RB, AMT, 2.500%, 12/01/12, LOC: Bank One N.A. (b) 2,000 2,000 ------- 161,780 ------- NORTH CAROLINA (4.87%) Charlotte Airport, Charlotte-Douglas International, Ser A, RB, AMT, 2.310%, 07/01/17, MBIA (b) 3,700 3,700 Charlotte Water & Sewer System, RB, 2.800%, 02/28/06 (b) 21,500 21,500 Cleveland County Family YMCA, Inc. Recreational Facilities, RB, 2.300%, 08/01/18, LOC: Branch Banking & Trust (b) 2,400 2,400 Forsyth County, Communications System Project, COP, 2.300%, 10/01/12, LOC: Wachovia Bank N.A. (b) 10,345 10,345 Guilford County Industrial Facilities & Pollution Control Financing, YMCA of Greensboro, Inc. Project, RB, 2.300%, 02/01/23, LOC: Branch Banking & Trust Co. (b) 4,800 4,800 Guilford County, Ser B, GO, 2.300%, 03/01/25, LOC: Wachovia Bank N.A. (b) 15,000 15,000 North Carolina Educational Facilities Finance Agency, Guilford College Project, RB, 2.400%, 05/01/24, MBIA (b) 2,000 2,000 North Carolina Medical Care Commission Health Care Facilities, Friends Homes Project, RB, 2.300%, 09/01/33, LOC: Bank of America N.A. (b) 6,955 6,955 North Carolina Medical Care Commission Health Care Facilities, Lutheran Services for the Aging Project, RB, 2.290%, 03/01/28, LOC: Branch Banking & Trust Co. (b) 8,135 8,135 North Carolina Medical Care Commission, Westcare Health Systems Obligation, Ser A, RB, 2.300%, 09/01/22, LOC: Branch Banking & Trust Co. (b) 4,600 4,600 ------- 79,435 ------- OHIO (1.17%) Ohio State Higher Educational Facility Commission, Pooled Financing Project, RB, 2.370%, 09/01/18, LOC: Fifth Third 3,595 3,595
Bank (b) Rickenbacker Port Authority, YMCA of Central Ohio Project, RB, 2.320%, 05/01/22, LOC: Fifth Third Bank (b) 7,500 7,500 Warren County Health Care Facilities, Otterbein Homes Project, Ser A, RB, 2.490%, 07/01/21, LOC: Fifth Third Bank (b) 7,945 7,945 ------- 19,040 ------- OTHER (11.09%) Eagle Tax-Exempt Trust, Ser 20001001, Cl A, GO, 2.320%, 07/01/15, Callable 07/01/10 @ 100, LOC: Citibank N.A. (b) 7,025 7,025 Eagle Tax-Exempt Trust, Ser 991301, GO, 2.320%, 06/01/25, FSA (b) (c) 9,900 9,900 Municipal Securities Pool Trust Receipts, Ser SG P-18, RB, 2.430%, 01/01/35, LOC: Societe Generale (b) (c) 8,800 8,800 Municipal Securities Pool Trust Receipts, Ser SG-PG 17, 2.430%, 06/01/34 (b) (c) 29,585 29,585 Puttable Floating Rate Option, Tax-Exempt Receipts, Ser PPT-1001, Cl D, 1.820%, 03/01/40 (b) (c) 9,120 9,120 Puttable Floating Rate Option, Tax-Exempt Receipts, Ser PPT-1001, Cl I, 2.650%, 03/01/40 (b) (c) 9,120 9,120 Puttable Floating Rate Option, Tax-Exempt Receipts, Ser PPT-1003, Cl A, 2.400%, 01/01/32 (b) 19,220 19,220 Puttable Floating Rate Option, Tax-Exempt Receipts, Ser PPT-1003, Cl B, 2.380%, 01/01/32 (b) (c) 55,735 55,735 Puttable Floating Rate Option, Tax-Exempt Receipts, Ser PPT-34, 2.840%, 12/01/29 (b) (c) 30,000 30,000 Puttable Floating Rate Option, Tax-Exempt Receipts, Ser PPT-36, Cl A, 2.430%, 01/01/27 (b) (c) 2,590 2,590 ------- 181,095 ------- PENNSYLVANIA (4.72%) Allegheny County Hospital Development Authority, Ser PT-762, RB, 2.850%, 11/01/23, MBIA (b) 17,000 17,000 Allegheny County Hospital Development Authority, Ser PT-878, RB, 2.310%, 10/01/19, Callable 10/01/05 @ 100, FGIC (b) 23,965 23,965 Berks County Industrial Development Authority, Kutztown University Foundation Project, RB, 2.290%, 01/01/27, LOC: Wachovia Bank N.A. (b) 12,700 12,700 Cambria County Industrial Development Authority, Cambria Cogen Co. Project, Ser A-1, RB, AMT, 2.420%, 12/01/28, LOC: Bayerische Hypo-Und Vereinsbank (b) 7,125 7,125 Delaware River Port Authority, Ser PA 965, RB, 2.310%, 01/01/10, FSA (b) 7,000 7,000 Philadelphia Authority for Industrial 9,225 9,225 -------
Development, Chemical Heritage Foundation Project, RB, 2.290%, 07/01/27, LOC: Wachovia Bank N.A. (b) 77,015 ------ SOUTH CAROLINA (2.73%) South Carolina Educational Facilities Authority, Charleston Southern University Project, RB, 2.300%, 04/01/28, LOC: Bank of America N.A. (b) 5,450 5,450 South Carolina Educational Facilities Authority, Newberry College Project, RB, 2.300%, 08/01/22, LOC: Branch Banking & Trust Co. (b) 3,775 3,775 South Carolina Jobs-Economic Development Authority, Anderson Area YMCA, Inc. Project, RB, 2.350%, 11/01/24, LOC: Bank of America N.A. (b) 7,100 7,100 South Carolina Jobs-Economic Development Authority, Carolina Village, Inc. Project, RB, 2.300%, 02/01/22, LOC: Branch Banking & Trust Co. (b) 105 105 South Carolina Jobs-Economic Development Authority, DCS Diversified Coating Systems, Inc. Project, RB, AMT, 2.400%, 04/01/17, LOC: Branch Banking & Trust Co. (b) 2,195 2,195 South Carolina Jobs-Economic Development Authority, Sargent Metal Fabricators, Inc. Project, RB, AMT, 2.400%, 11/01/22, LOC: Branch Banking & Trust Co. (b) 2,435 2,435 South Carolina Jobs-Economic Development Authority, USC Development Foundation Project, RB, 2.300%, 12/01/10, LOC: Branch Banking & Trust Co. (b) 6,000 6,000 South Carolina Jobs-Economic Development Authority, YMCA of Beaufort County Project, RB, 2.300%, 12/01/24, LOC: Branch Banking & Trust Co. (b) 3,450 3,450 South Carolina State Housing Finance & Development Authority, Ser PT 1272, RB, 2.370%, 12/15/30, FHLMC (b) 10,000 10,000 University of South Carolina Development Foundation, RB, 2.300%, 12/01/10, LOC: Branch Banking & Trust Co. (b) 4,000 4,000 ------ 44,510 ------ TENNESSEE (0.49%) Covington Industrial Development Board, Charms Co. Project, RB, AMT, 2.400%, 06/01/27, LOC: Bank of America N.A. (b) 3,000 3,000 Knox County Industrial Development Board, Educational Services of America Project, RB, 2.300%, 12/01/22, LOC: Branch Banking & Trust Co. (b) 3,510 3,510 Metropolitan Government, Nashville & 1,565 1,565 ------
Davidson County Health & Educational Facilities Board, Nashville Christian School Project, RB, 2.640%, 09/01/23, LOC: SouthTrust Bank N.A. (b) 8,075 ------ TEXAS (4.41%) Coastal Bend Health Facilities Development Corp., Ser B, RB, 2.240%, 08/15/28, AMBAC (b) 17,400 17,400 Harris County Industrial Development Corp., Pollution Control, RB, 2.220%, 03/01/24 (b) 14,400 14,400 Harris County Industrial Development Corp., Pollution Control, RB, 2.220%, 03/01/24 (b) 9,800 9,800 Houston Airport System, Ser SG 149, RB, 2.320%, 07/01/28, Callable 07/01/10 @ 100, FSA (b) 17,500 17,500 Houston Water & Sewer System, Ser SG-78, RB, 2.310%, 12/01/25 (b) 8,835 8,835 Lower Colorado River Authority, Merlots Project, Ser ZZZ, RB, 2.320%, 01/01/28, FSA (b) 3,500 3,500 Pearland Independent School District, Trust Receipts, Ser SG 106, 2.310%, 02/15/22 (b) 600 600 ------ 72,035 ------ VIRGINIA (6.24%) ABN AMRO Munitops Certificate Trust, Ser 2003-33, RB, 2.300%, 04/01/11, MBIA (b) 5,370 5,370 Charlottesville Industrial Development Authority, Seminole Project, Ser A, RB, 2.310%, 12/01/13, Callable 12/01/05 @ 100, LOC: Branch Banking & Trust Co. (b) 3,545 3,545 Chesterfield County Industrial Development Authority, Ser PT 2133, RB, 2.370%, 02/15/07, LOC: Merrill Lynch Capital Services (b) 2,995 2,995 Clarke County Industrial Development Authority, Hospital Facilities, Winchester Medical Center Project, RB, 2.400%, 01/01/30, LOC: FSA (b) 28,000 28,000 Clarke County Industrial Development Authority, Powhatan School District Project, RB, 2.300%, 09/01/22, LOC: Branch Banking & Trust Co. (b) 1,600 1,600 Danville-Pittsylvania Regional Industrial Facility Authority, Institute of Advanced Research Project, RB, 2.300%, 08/01/12, LOC: Branch Banking & Trust Co. (b) 2,325 2,325 Fairfax County Economic Development Authority, Public Broadcasting Services Project, RB, 2.270%, 07/01/40, LOC: Bank of America N.A. (b) 7,500 7,500 Front Royal & Warren County Industrial Development Authority, Warren Memorial Hospital Project, RB, 2.300%, 05/01/23, LOC: Branch Banking & Trust 2,895 2,895
Co. (b) Lexington Industrial Development Authority, V.M.I. Development Board, Inc. Project, RB, 2.290%, 12/01/34, LOC: Wachovia Bank N.A. (b) 10,000 10,000 Louisa County Industrial Development Authority, University of Virginia Health Services Foundation Project, RB, 2.300%, 10/01/30, LOC: First Union National Bank (b) 3,000 3,000 Norfolk Redevelopment & Housing Authority, Student Housing Project, RB, 2.300%, 07/01/34, LOC: Bank of America N.A. (b) 7,000 7,000 Shenandoah County Industrial Development Authority, Shenandoah Memorial Hospital Project, RB, 2.300%, 11/01/14, LOC: Branch Banking & Trust Co. (b) 3,270 3,270 University of Virginia, Merlots Project, Ser B 31, RB, 2.320%, 06/01/27, Callable 06/01/13 @100, LOC: Wachovia Bank N.A. (b) 4,725 4,725 Virginia Beach Development Authority, Production Road Ventures Project, RB, AMT, 2.390%, 09/01/16, LOC: Wachovia Bank N.A. (b) 1,100 1,100 Virginia Biotechnology Research Park Authority, United Network of Organ Sharing Project, RB, 2.290%, 04/01/27, LOC: Wachovia Bank N.A. (b) 6,730 6,730 Virginia College Building Authority, Shenandoah University Project, RB, 2.290%, 05/01/32, LOC: Branch Banking & Trust Co. (b) 3,000 3,000 Virginia Resources Authority, Clean Water Revenue, Ser PA 790, RB, 2.300%, 10/01/16, Callable 10/01/10 @ 100, LOC: Merrill Lynch Capital Services, Inc. (b) (c) 2,000 2,000 Virginia State Public School Authority, Ser PT 1619, RB, 2.300%, 08/01/08, LOC: Merrill Lynch Capital Services, Inc. (b) (c) 2,480 2,480 Williamsburg Industrial Development Authority, Colonial Williamsburg Project, RB, 2.290%, 10/01/35, LOC: First Union National Bank (b) 4,220 4,220 ------- 101,755 ------- WASHINGTON (1.92%) King County Housing Authority, Ser PT 2185, RB, 2.300%, 09/20/42 (b) 5,545 5,545 King County Sewer, Ser PA 1071, RB, 2.310%, 01/01/10, FSA (b) 7,495 7,495 Seattle Certificates, Ser 348, GO, 2.330%, 12/15/28, Callable 12/15/08 @ 100, LOC: Morgan Stanley Dean Witter (b) 4,495 4,495 Washington Public Power Supply System, Nuclear Power Project No. 1, Ser 3,745 3,745
1A-1, RB, 2.230%, 07/01/17, LOC: Bank of America N.A. (b) Washington State, Merlots Project, Ser B23, GO, 2.320%, 12/01/25, Callable 06/01/13 @ 100, MBIA (b) 10,000 10,000 ---------- 31,280 ---------- WISCONSIN (0.78%) ABN AMRO Munitops Certificates Trust, Ser 2004-49, GO, 2.340%, 05/01/12, FSA (b) 9,400 9,400 Appleton Industrial Development, Pro Label Project, RB, AMT, 2.570%, 11/01/12, LOC: Bank One N.A. (b) 585 585 Germantown Industrial, J.W. Speaker Corp. Project, RB, AMT, 2.570%, 08/01/11, LOC: Bank One Milwaukee N.A. (b) 560 560 Holland Industrial Development, White Clover Dairy, Inc. Project, RB, AMT, 2.470%, 06/01/13, LOC: Bank One N.A. (b) 925 925 Oconomowoc Industrial Development, Quest Technologies Project, RB, AMT, 2.470%, 05/01/18, LOC: Bank One Wisconsin (b) 1,190 1,190 ---------- 12,660 ---------- WYOMING (1.22%) Lincoln County Pollution Control, Exxon Mobile Corp. Project, Ser A, RB, 2.220%, 11/01/14 (b) 8,720 8,720 Lincoln County Pollution Control, Exxon Mobile Corp. Project, Ser B, RB, 2.220%, 11/01/14 (b) 11,265 11,265 ---------- 19,985 ---------- TOTAL MUNICIPAL BONDS (COST $1,610,303) 1,610,303 ---------- MONEY MARKET FUNDS (1.12%) Goldman Sachs Financial Square Funds, Tax Free Money Market Fund 18,196,871 18,197 ---------- TOTAL MONEY MARKET FUNDS (COST $18,197) 18,197 ---------- TOTAL INVESTMENTS (COST $1,628,500) (A) - 99.80% 1,628,500 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.20% 3,218 ---------- NET ASSETS - 100.00% $1,631,718 ==========
---------- (a) Aggregate cost for federal income tax purposes differ from cost for financial reporting purposes by less than 2% of net assets and is therefore considered substantially the same. (b) Variable rate security. Rate presented represents rate in effect at June 30, 2005. Maturity date represents actual maturity date. (c) 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. AMBAC - Security insured by the American Municipal Bond Assurance Corporation. AMT - Alternative Minimum Tax Paper Cl - Class COP - Certificates of Participation FGIC - Security insured by the Financial Guaranty Insurance Company. FHLB - Security insured by the Federal Home Loan Bank. FHLMC - Security insured by Freddie Mac. FNMA - Security insured by Fannie Mae FSA - Security insured by Financial Security Assurance. GNMA - Security insured by the Government National Mortgage Association. GO - General Obligation LLC - Limited Liability Corporation LOC - Line of Credit MBIA - Security insured by the Municipal Bond Insurance Association. RB - Revenue Bond Ser - Series SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS U.S. GOVERNMENT SECURITIES MONEY MARKET FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
PRINCIPAL AMOUNT VALUE --------- -------- U.S. GOVERNMENT AGENCIES (84.9%) FANNIE MAE (47.8%) 3.109%, 08/10/05 (c) $25,000 $ 24,914 3.208%, 08/29/05 (b) 35,000 34,997 3.220%, 09/06/05 (b) 50,000 49,993 3.100%, 09/15/05 (b) 50,000 49,994 2.420%, 10/14/05 (c) 20,000 19,861 2.984%, 11/10/05 (c) 10,000 9,895 3.212%, 12/29/05 (b) 55,000 54,987 3.046%, 01/09/06 (b) 49,200 49,186 3.587%, 04/28/06 (c) 10,000 9,710 3.179%, 05/22/06 (b) 17,000 16,998 3.616%, 05/26/06 (c) 10,000 9,681 -------- 330,216 -------- FEDERAL FARM CREDIT BANK (7.2%) 2.976%, 07/06/05 (c) 10,000 9,996 2.198%, 09/15/05 (c) 15,000 14,932 3.250%, 09/30/05 (b) 25,000 25,001 -------- 49,929 -------- FEDERAL HOME LOAN BANK (14.9%) 3.245%, 09/08/05 (b) 10,850 10,849 3.136%, 09/16/05 (b) 65,000 64,994 3.045%, 10/05/05 (b) 27,000 26,997 -------- 102,840 -------- FREDDIE MAC (15.0%) 2.967%, 07/05/05 (c) 20,000 19,992 2.333%, 09/20/05 (c) 10,000 9,949 2.346%, 10/18/05 (c) 15,000 14,896 2.802%, 11/15/05 (c) 20,000 19,793 3.543%, 04/18/06 (c) 10,000 9,723 3.604%, 05/02/06 (c) 15,000 14,556 3.664%, 05/30/06 (c) 15,000 14,509 -------- 103,418 -------- TOTAL U.S. GOVERNMENT AGENCIES (COST $586,403) 586,403 -------- REPURCHASE AGREEMENTS (15.3%) ABN AMRO Bank N.V., 3.305%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $6,376,245 (collateralized by U.S. Treasury obligations; DN, 07/07/05-09/22/05; total market value $6,503,469) 6,376 6,376 Bear Stearns & Co., Inc., 3.385%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $20,898,401 (collateralized by U.S. Government Agencies; DN-6.000%, 10/09/19-04/01/35; total market value $21,318,407) 20,897 20,897
BNP Paribas, 3.305%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $10,190,245 (collateralized by U.S. Government Agencies; 4.250%, 11/15/11; total market value $10,394,252) 10,189 10,189 Lehman Brothers, Inc., 3.335%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $27,864,956 (collateralized by U.S. Government Agencies; 3.500%-9.500%, 11/15/05-06/15/35; total market value $28,419,145) 27,863 27,863 Merrill Lynch & Co., Inc., 3.255%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $6,677,884 (collateralized by U.S. Government Agencies; 5.500%, 06/01/35; total market value $6,814,443) 6,677 6,677 Morgan Stanley, 3.355%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $14,249,472 (collateralized by U.S. Government Agencies; 3.943%, 06/01/34; total market value $14,533,142) 14,248 14,248 UBS Warburg LLC, 3.365%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $19,553,098 (collateralized by U.S. Government Agencies; 5.000%, 04/15/32-10/15/34; total market value $19,943,328) 19,551 19,551 -------- TOTAL REPURCHASE AGREEMENTS (COST $105,801) 105,801 -------- TOTAL INVESTMENTS (COST $692,204) (A) - 100.2% 692,204 LIABILITIES IN EXCESS OF OTHER ASSETS - (0.2)% (1,309) -------- NET ASSETS - 100.0% $690,895 ========
---------- (a) Aggregate cost for federal income tax purposes differ from cost for financial reporting purposes by less than 2% of net assets and is therefore considered substantially the same. (b) Variable rate security. Rate presented represents rate in effect at June 30, 2005. Maturity date represents actual maturity date. (c) Rate represents the effective yield at purchase. DN - Discount Note LLC - Limited Liability Company SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS U.S. TREASURY MONEY MARKET FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
PRINCIPAL AMOUNT VALUE --------- -------- U.S. TREASURY OBLIGATIONS (28.2%) U.S. TREASURY BILLS (16.9%) 3.242%, 07/15/05 (b) $152,000 $151,814 3.009%, 08/25/05 (b) 35,000 34,841 3.049%, 09/15/05 (b) 65,000 64,587 -------- 251,242 -------- U.S. TREASURY NOTES (11.3%) 5.750%, 11/15/05 122,000 123,354 1.875%, 12/31/05 45,000 44,683 -------- 168,037 -------- TOTAL U.S. TREASURY OBLIGATIONS (COST $419,279) 419,279 -------- REPURCHASE AGREEMENTS (82.2%) ABN AMRO Bank N.V., 2.755%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $61,694,592 (collateralized by U.S. Treasury Obligations, 5.500%, due 08/15/28; total market value $62,924,739) 61,690 61,690 Bear Stearns & Co., Inc., 2.705%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $59,919,605 (collateralized by U.S. Treasury Obligations, DN-6.250%, due 08/15/07-05/15/30; total market value $62,330,664) 59,915 59,915 BNP Paribas, 2.755%, dated 06/30/05, to be repurchased 07/01/05, repurchase price $343,589,291 (collateralized by U.S. Treasury Obligations, 3.500%, due 11/15/09; total market value $350,434,757) 343,563 343,562 Deutsche Bank AG, 2.855%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $60,688,210 (collateralized by U.S. Treasury Obligations, DN-3.625%, due 05/15/25-04/15/28; total market value $61,697,066) 60,683 60,683 Dresdner Bank AG, 2.805%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $55,035,799 (collateralized by U.S. Treasury Obligations, DN-3.750%, due 09/22/05-03/31/07; total market value $56,132,500) 55,032 55,032 Greenwich Capital Markets, Inc., 2.805%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $64,161,435 64,156 64,156
(collateralized by U.S. Treasury Obligations, DN-7.125%, due 02/15/23-05/15/27; total market value $65,440,342) JPMorgan Chase & Co., 2.705%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $63,456,821 (collateralized by U.S. Treasury Obligations, 3.000-6.125%, due 05/31/07-11/15/27; total market value $64,722,399) 63,452 63,452 Lehman Brothers, Inc., 2.705%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $60,425,110 (collateralized by U.S. Treasury Obligations, 11.75%, due 11/15/14; total market value $61,631,274) 60,421 60,421 Merrill Lynch & Co., Inc., 2.755%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $60,587,588 (collateralized by U.S. Treasury Obligations, DN, due 05/15/12-05/15/17; total market value $61,796,304) 60,583 60,583 Morgan Stanley, 2.825%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $66,159,897 (collateralized by U.S. Treasury Obligations, DN, due 08/15/17-11/15/18; total market value $67,478,098) 66,155 66,155 UBS Warburg LLC, 2.935%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $325,512,190 (collateralized by U.S. Treasury Obligations, 2.000%; due 07/15/14; total market value $332,000,114) 325,486 325,486 ---------- TOTAL REPURCHASE AGREEMENTS (COST $1,221,135) 1,221,135 ---------- TOTAL INVESTMENTS (COST $1,640,414) (A) - 110.4% 1,640,414 LIABILITIES IN EXCESS OF OTHER ASSETS - (10.4)% (154,331) ---------- NET ASSETS - 100.0% $1,486,083 ==========
---------- (a) Aggregate cost for federal income tax purposes differ from cost for financial reporting purposes by less than 2% of net assets and is therefore considered substantially the same. (b) Rate represents the effective yield at purchase. DN - Discount Note SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS VIRGINIA TAX-FREE MONEY MARKET FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------- COMMERCIAL PAPERS (0.9%) Peninsula Ports Authority, Coal Terminal, Ser 1987 A, RB, 2.450%, 07/12/05 $ 4,535 $ 4,535 ------- TOTAL COMMERCIAL PAPERS (COST $4,535) 4,535 ------- MUNICIPAL BONDS (98.7%) GUAM (2.2%) Guam Power Authority, Ser PA 531, RB, 2.290%, 10/01/18, LOC: Merrill Lynch Capital Services, Inc. (b) 11,025 11,025 ------- VIRGINIA (84.8%) Albemarle County Industrial Development Authority, Eldercare Gardens Project, RB, 2.300%, 12/01/05, LOC: Bank of America N.A. (b) 2,445 2,445 Albemarle County Industrial Development Authority, University of Virginia Health Services Project, RB, 2.290%, 10/01/22, LOC: Wachovia Bank N.A. (b) 6,185 6,185 Alexandria Industrial Development Authority, American Red Cross Project, RB, 2.340%, 01/01/09, LOC: First Union National Bank (b) 2,070 2,070 Alexandria Industrial Development Authority, Association for Supervision & Currency Project, RB, 2.290%, 07/01/23, LOC: First Union National Bank (b) 1,485 1,485 Alexandria Industrial Development Authority, Educational Facilities, Alexandria County Day School Project, RB, 2.340%, 06/01/25, LOC: First Union National Bank (b) 4,180 4,180 Alexandria Industrial Development Authority, Pooled Loan Program, Ser A, RB, 2.300%, 07/01/26, LOC: Bank of America N.A. (b) 1,000 1,000 Arlington County Ballston Public Parking Project, RB, 2.350%, 08/01/17, LOC: Citibank N.A. (b) 6,550 6,550 Arlington County Public Improvement, GO, 3.000%, 05/15/06, LOC: St Aid Withholding 1,725 1,729 Ashland Industrial Development Authority, Health & Community Services Facilities, YMCA Greater Richmond 8,605 8,605
Project, Ser A, RB, 2.290%, 11/01/20, LOC: Wachovia Bank N.A. (b) Charles City & County Economic Development Authority, Waste Management, Inc. Project, Ser A, RB, AMT, 2.350%, 02/01/29, LOC: JPMorgan Chase & Co. (b) 4,000 4,000 Chesapeake Bay Bridge & Tunnel Community District Authority, General Resolution Project, RB, 2.320%, 07/01/25, MBIA (b) 6,755 6,755 Chesterfield County Industrial Development Authority, Ser PT 2133, RB, 2.370%, 02/15/07, LOC: Merrill Lynch Capital Services, Inc. (b) 4,000 4,000 Chesterfield County Industrial Development Authority, Virginia State University Real Estate Project, Ser A, RB, 2.300%, 07/01/29, LOC: Bank of America N.A. (b) 1,265 1,265 Clarke County Industrial Development Authority, Hospital Facilities, Winchester Medical Center Project, RB, 2.400%, 01/01/30, FSA (b) 18,000 18,000 Danville-Pittsylvania Regional Industrial Facility Authority, Institute of Advanced Research Project, RB, 2.300%, 08/01/12, LOC: Branch Banking & Trust Co. (b) 7,130 7,130 Eagle Tax Exempt Trust Certificates, Ser 994601, RB, 2.320%, 05/15/19, Callable 05/15/09 @ 101 LOC: Citibank N.A. (b) (c) 10,560 10,560 Fairfax County Economic Development Authority, Flint Hill School Project, RB, 2.350%, 09/01/21, LOC: First Union National Bank (b) 4,640 4,640 Fairfax County Economic Development Authority, Public Broadcasting Services Project, RB, 2.270%, 07/01/40, LOC: Bank of America N.A. (b) 12,000 12,000 Fairfax County Economic Development Authority, Smithsonian Institute, Ser A, RB, 2.200%, 12/01/33, LOC: Bank of America N.A. (b) 4,000 4,000 Fairfax County Economic Development Authority, Smithsonian Institute, Ser B, RB, 2.250%, 12/01/33, LOC: Bank of America N.A. (b) 2,700 2,700 Fairfax County Industrial Development Authority, Fairfax Hospital Project, Ser B, RB, 2.190%, 10/01/25 (b) 3,960 3,960 Fairfax County Industrial Development Authority, Inova Health Systems Project, RB, 2.190%, 01/01/30 (b) 15,600 15,600 Fairfax County Industrial Development Authority, Inova Services Project, Ser A, RB, 2.190%, 01/15/22 (b) 900 900 Fairfax County Sewer Authority, Ser PA-1278, RB, 2.300%, 07/15/15, Callable 07/15/14 @ 100, LOC: Merrill Lynch Capital Services, Inc. (b) (c) 5,000 5,000
Fairfax County Water Authority, Municipal Trade Receipts Project, Ser SGB - 40A, RB, 2.320%, 04/01/30 (b) 7,850 7,850 Front Royal & Warren County Industrial Development Authority, Warren Memorial Hospital Project, RB, 2.300%, 05/01/23, LOC: Branch Banking & Trust Co. (b) 570 570 Greater Richmond Convention Center Authority, Hotel Tax, Ser PT-2570, RB, 2.300%, 06/15/23, Callable 06/15/15 @ 100, MBIA (b) 7,195 7,195 Greene County Industrial Development Authority, Blue Ridge School Project, RB, 2.300%, 06/01/26, LOC: Branch Banking & Trust Co. (b) 5,730 5,730 Hampton Redevelopment & Housing Authority, Multi-Family Housing, Avalon at Hampton Inn Project, Ser A, RB, 2.250%, 06/15/26, LOC: Credit Suisse First Boston LLC (b) 2,750 2,750 Hampton Redevelopment & Housing Authority, Multi-Family Housing, Avalon Pointe Project, RB, AMT, 2.290%, 06/15/26, FNMA (b) 4,537 4,537 Hampton Roads Jail Authority, Ser 569, RB, 2.320%, 07/01/12, MBIA (b) 1,200 1,200 Hanover County Industrial Development Authority, Residential Care Facility, Covenant Woods Project, RB, 2.300%, 07/01/29, LOC: Branch Banking & Trust Co. (b) 16,810 16,810 Henrico County Economic Development Authority, Exempt Facility, White Oak Ltd. Project, RB, 2.310%, 10/01/27, LOC: Citibank N.A. (b) 1,000 1,000 Henrico County Economic Development Authority, Steward School Project, RB, 2.300%, 07/01/33, LOC: Branch Banking & Trust Co. (b) 2,700 2,700 James City & County Economic Development Authority, Industrial Development, Historic Jamestown Project, RB, 2.290%, 11/01/24, LOC: Wachovia Bank N.A. (b) 800 800 King George County Industrial Development Authority, Exempt Facility, Birchwood Power Partners, Ser B, RB, AMT, 2.370%, 12/01/24, LOC: Credit Suisse First Boston LLC (b) 5,815 5,815 King George County Industrial Development Authority, Lease, Ser PT 2473, RB, 2.300%, 03/01/24, FSA (b) 5,275 5,275 Loudon County Industrial Development Authority, Howard Hughes Medical Institute Project, Ser D, RB, 2.350%, 02/15/38 (b) 9,835 9,835 Loudon County Industrial Development Authority, Howard Hughes Medical Institute Project, Ser F, RB, 2.260%, 02/15/38 (b) 4,400 4,400
02/15/38 (b) Loudon County Industrial Development Authority, Howard Hughes Medical Institution, Ser E, RB, 2.350%, 02/15/38 (b) 2,000 2,000 Loudoun County Industrial Development Authority, Howard Hughes Medical Institute Project, Ser C, RB, 2.480%, 02/15/38 (b) 4,000 4,000 Louisa County Industrial Development Authority, Pooled Financing Project, RB, 2.300%, 01/01/20, LOC: Bank of America N.A. (b) 1,005 1,005 Lynchburg Industrial Development Authority, Aerofin Project, RB, AMT, 2.430%, 03/01/29, LOC: PNC Bank N.A (b) 2,075 2,075 Lynchburg Industrial Development Authority, Educational Facilities, Randolph Macon Project, RB, 2.290%, 09/01/23, LOC: Wachovia Bank N.A (b) 7,870 7,870 Lynchburg Industrial Development Hospital Facilities, VHA First Mortgage, Mid Atlantic Project, Ser G, RB, 2.300%, 12/01/25, AMBAC (b) 6,930 6,930 Manassas School Project, GO, 3.000%, 07/01/05 1,100 1,100 Newport News Industrial Development Authority, CNU Warwick LLC Student Housing Project, RB, 2.300%, 11/01/28, LOC: Bank of America N.A. (b) 4,300 4,300 Newport News Redevelopment & Housing Authority, Ser PT 1374, RB, 2.300%, 12/01/06, LOC: Merrill Lynch Capital Services, Inc. (b) 8,950 8,950 Norfolk Industrial Development Authority, Children's Hospital Facilities Project, RB, 2.300%, 06/01/20, LOC: Wachovia Bank N.A. (b) 15,300 15,300 Norfolk Redevelopment & Housing Authority, Old Dominion University Project, RB, 2.300%, 08/01/33, LOC: Bank of America N.A. (b) 3,000 3,000 Norfolk Redevelopment & Housing Authority, Old Dominion University Project, Ser B, RB, 2.300%, 08/01/33, LOC: Bank of America N.A. (b) 4,400 4,400 Orange County Industrial Development Authority, Zamma Project, RB, 2.740%, 12/01/22, LOC: Southtrust Bank N.A. (b) 1,860 1,860 Peninsula Ports Authority, Dominion Terminal Associates Project, Ser C, RB, 2.260%, 07/01/16, LOC: Citibank N.A. (b) 6,760 6,760 Peninsula Ports Authority, Riverside Health Systems Project, RB, 2.430%, 07/01/37 (b) 13,700 13,700 Portsmouth Industrial Development Authority, Fairwood Homes Project, Ser 2,645 2,645
A, RB, 2.350%, 11/01/27, LOC: Bank of America N.A. (b) Prince Edward County Industrial Development Authority, Eldercare of Virginia Project, RB, 2.300%, 08/01/05, LOC: Bank of America N.A. (b) 2,050 2,050 Richmond, Ser PT 1601, 2.300%, 07/15/17, LOC: Merrill Lynch Capital Services, Inc. (b) 9,300 9,300 Roanoke Industrial Development Authority, Carilion Heath Systems, Ser B, RB, 2.300%, 07/01/27, LOC: JP Morgan Chase Bank (b) 3,450 3,450 Roanoke Industrial Development Authority, Carilon Health System, Ser C, RB, 2.270%, 07/01/27, LOC: Wachovia Bank N.A. (b) 18,035 18,035 Roanoke Industrial Development Authority, Hollins University Project, RB, 2.290%, 05/01/15, LOC: First Union National Bank (b) 5,500 5,500 Rockingham County Industrial Development Authority, Sunnyside Presbyterian Project, RB, 2.300%, 12/01/33, LOC: Branch Banking & Trust Co. (b) 10,420 10,420 Spotsylvania County Economic Development Authority, Public Facilities, Ser PT-2882, RB, 2.300%, 02/01/25, Callable 02/01/15 @ 100, FSA (b) 2,000 2,000 University of Virginia, Ser A, RB, 2.350%, 06/01/34 (b) 20,200 20,200 Virginia Beach Development Authority, Ocean Ranch Project, RB, 2.300%, 07/01/17, LOC: Branch Banking & Trust Co. (b) 1,785 1,785 Virginia College Building Authority, Education Facilities, Ser 134, RB, 2.320%, 09/01/07, FSA (b) 9,425 9,425 Virginia College Building Authority, Virginia Education Facilities, Ser PT 1574, RB, 2.300%, 09/01/10, LOC: Merrill Lynch Capital Services, Inc. (b) 7,500 7,500 Virginia Resources Authority, Clean Water, Ser PA 790, RB, 2.300%, 10/01/16, Callable 10/01/10 @ 100, LOC: Merrill Lynch Capital Services, Inc. (b) (c) 2,600 2,600 Virginia State Commonwealth Transportation Board Authority, Ser SG 134, RB, 2.300%, 05/15/22, Callable 05/15/09 @ 101 (b) 3,495 3,495 Virginia State Housing Developmental Authority, Commonwealth Mortgage, Ser A, RB, AMT, 3.000%, 04/01/06 3,000 3,000 Virginia State Port Authority, Port Facility, Ser SG 111, RB, 2.350%, 07/01/24 (b) 14,705 14,705 Virginia State Public Building Authority, Ser 131, RB, 2.310%, 1,785 1,785
08/01/19, Callable 08/01/08 @ 100 (b) Virginia State Public School Authority, Ser PT 1619, RB, 2.300%, 08/01/08, LOC: Merrill Lynch Capital Services, Inc. (b) (c) 8,480 8,480 Virginia State Public School Authority, Ser II-R 4050, RB, 2.320%, 08/01/17, Callable 08/01/13 @ 100 (b) 4,140 4,140 Virginia State Public School Authority, Ser PT-2746, RB, 2.300%, 08/01/16, Callable 08/01/15 @ 100, LOC: St Aid Withholding (b) 3,800 3,800 Virginia State Small Business Financing Authority, Clarke County Industrial Development Project, RB, AMT, 2.400%, 07/01/25, LOC: Branch Banking & Trust Co. (b) 1,740 1,740 Williamsburg Industrial Development Authority, Colonial Williamsburg Museum Foundation Project, RB, 2.300%, 12/01/18, LOC: Bank of America N.A. (b) 250 250 ------- 430,781 ------- PUERTO RICO (11.7%) Puerto Rico Commonwealth Highway & Transportation Authority, Ser PA 472, RB, 2.280%, 07/01/18, FSA (b) (c) 4,500 4,500 Puerto Rico Commonwealth Highway & Transportation Authority, Ser PA 605, RB, 2.280%, 01/01/19, MBIA (b) (c) 2,100 2,100 Puerto Rico Commonwealth Highway & Transportation Authority, Ser PT 1834, RB, 2.280%, 01/01/09, AMBAC (b) (c) 10,000 10,000 Puerto Rico Commonwealth, Ser PA 1229 R, GO, 2.280%, 01/01/13, MBIA (b) 7,300 7,300 Puerto Rico Commonwealth, Ser PA 774 R, 2.280%, 07/01/13, LOC: Merrill Lynch Capital Services, Inc. (b) (c) 7,000 7,000 Puerto Rico Electric Power Authority, Ser PT-2636, RB, 2.280%, 07/01/24, FGIC (b) (c) 7,900 7,900 Puerto Rico Public Building Authority, Ser 577, RB, 2.280%, 07/01/21, Callable 07/01/07 @ 101.5, AMBAC (b) (c) 7,000 7,000 Puerto Rico Public Finance Corp., Ser PA 552, RB, 2.280%, 06/01/14, AMBAC (b) (c) 7,300 7,300 Puerto Rico Public Finance Corp., Ser PA-502, 2.280%, 06/01/19, LOC: Merrill Lynch Capital Services, Inc. (b) (c) 6,315 6,315 ------- 59,415 ------- TOTAL MUNICIPAL BONDS (COST $501,221) 501,221 ------- MONEY MARKET FUNDS (0.2%) Federated Virginia Municipal Cash Trust, Institutional Class 1,024,701 1,025 ------- TOTAL MONEY MARKET FUNDS (COST $1,025) 1,025 -------
TOTAL INVESTMENTS (COST $506,781) (A) - 99.8% 506,781 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.2% 1,212 -------- NET ASSETS - 100.0% $507,993 ========
---------- (a) Aggregate cost for federal income tax purposes differ from cost for financial reporting purposes by less than 2% of net assets and is therefore considered substantially the same. (b) Variable rate security. Rate presented represents rate in effect at June 30, 2005. Maturity date represents actual maturity date.\ (c) 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. AMBAC - Security insured by the American Municipal Bond Assurance Corporation. AMT - Alternative Minimum Tax Paper FNMA - Security insured by Fannie Mae FSA - Security insured by Financial Security Assurance. GO - General Obligation LOC - Line of Credit MBIA - Security insured by the Municipal Bond Insurance Association. RB - Revenue Bond Ser - Series SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS CLASSIC INSTITUTIONAL CORE BOND FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
PRINCIPAL AMOUNT VALUE --------- ------ ASSET BACKED SECURITIES (2.9%) CREDIT CARD ABS (1.7%) American Express Credit Account Master Trust, Ser 2001-1, Cl A, 3.360%, 09/15/08 (b) $2,040 $2,042 BA Master Credit Card Trust, Ser 2001, Cl A, 3.340%, 06/15/08 (b) 1,664 1,666 Bank One Issuance Trust, Ser 2003, Cl A2, 3.270%, 10/15/08 (b) 276 276 Chase Issuance Trust, Ser 2005-A1, Cl A1, 3.230%, 12/15/10 (b) 2,035 2,035 Citibank Credit Card Issuance Trust, Ser 2002, Cl A5, 3.450%, 09/17/07 (b) 143 143 ------ 6,162 ------ DIVERSIFIED FINANCIAL SERVICES (0.6%) SLM Student Loan Trust, Ser 2005-3, Cl A2, 3.169%, 10/25/13 (b) 2,032 2,032 ------ FANNIE MAE (0.0%) Guarantor Trust, Ser 2002-T10, Cl A1, 3.434%, 06/25/32 (b) 29 29 Guarantor Trust, Ser 2002-T13, Cl A1, 3.414%, 08/25/32 (b) 72 72 ------ 101 ------ FREDDIE MAC (0.0%) Structured Pass Thru Securities, Ser T-49, Cl AV, 3.464%, 12/25/32 (b) 34 34 ------ HOME EQUITY ABS (0.6%) Amortizing Residential Collateral Trust, Ser 2002-BC1F, Cl A, 3.594%, 01/25/32 (b) 135 135 Amortizing Residential Collateral Trust, Ser 2002-BC3M, Cl A, 3.584%, 06/25/32 (b) 81 81 Cityscape Home Equity Loan Trust, Ser 1996-3, Cl A8, 7.650%, 09/25/25 36 36 Countrywide Home Equity Loan Trust, Ser 2002-B, Cl A1, 3.470%, 04/15/28 (b) 524 525 Countrywide Home Equity Loan Trust, Ser 2002-D, Cl A1, 3.460%, 08/15/28 (b) 253 253 Delta Funding Home Equity Loan Trust, Ser 1999-3, Cl A1F, 7.462%, 09/15/29 14 14 EQCC Home Equity Loan Trust, Ser 1999-3, Cl A7F, 7.448%, 08/25/30 10 10 Fleet Home Equity Loan Trust, Ser 2003-1, Cl A, 3.630%, 01/20/33 (b) 98 98 Greenpoint Home Equity Loan Trust, Ser 2003-1, Cl A, 3.360%, 04/15/29 (b) 83 83
Mellon Bank Home Equity Loan Trust, Ser 2001-1, Cl A, 3.500%, 03/20/27 (b) 89 89 MSDWCC Home Equity Line of Credit Trust, Ser 2003-1, Cl A, 3.584%, 11/25/15 (b) 123 123 New Century Home Equity Loan Trust, Ser 1999-NCB, Cl A7, 7.540%, 06/25/29 13 13 Soundview Home Equity Loan Trust, Ser 2001-1, Cl A, 6.265%, 04/15/31 (b) 13 13 Wachovia Asset Securitization, Inc., Ser 2002-HE2, Cl A, 3.744%, 12/25/32 (b) 268 269 Wachovia Asset Securitization, Inc., Ser 2003-HE1, Cl A1, 3.604%, 03/25/33 (b) 371 371 ------ 2,113 ------ TOTAL ASSET BACKED SECURITIES (COST $10,445) 10,442 ------ CORPORATE BONDS (11.1%) AEROSPACE/DEFENSE (0.2%) United Technologies Corp., 4.875%, 05/01/15 820 839 ------ AIRLINES (0.3%) Southwest Airlines Co., 5.125%, 03/01/17 930 912 ------ AUTO MANUFACTURERS (0.2%) DaimlerChrysler NA Holdings, 8.500%, 01/18/31 522 661 ------ BANKS (0.4%) Bank of America Corp., 7.400%, 01/15/11 1,075 1,231 BNP US Funding LLC, 7.738%, 12/31/49, Callable 12/05/07 @ 100.00 (b) (d) (e) 240 258 ------ 1,489 ------ BUILDING MATERIALS (0.2%) American Standard, Inc., 7.625%, 02/15/10 585 654 ------ COMMERCIAL SERVICES (0.3%) ERAC USA Finance Co., 5.600%, 05/01/15 (d) 395 408 R. R. Donnelley & Sons Co., 4.950%, 04/01/14 770 753 ------ 1,161 ------ COMPUTERS (0.0%) NCR Corp., 7.125%, 06/15/09 70 76 ------ DIVERSIFIED FINANCIAL SERVICES (3.7%) Capital One Financial Corp., 4.800%, 02/21/12 605 602 CIT Group, Inc., 5.125%, 09/30/14 830 844 Citigroup, Inc., 5.125%, 05/05/14 450 469 Citigroup, Inc., 5.850%, 12/11/34 565 625 Ford Motor Credit Co., 7.000%, 10/01/13 1,035 993 Fund American Cos., Inc., 5.875%, 1,120 1,167
05/15/13 Goldman Sachs Group, Inc. (The), 4.750%, 07/15/13 1,210 1,209 HSBC Holdings PLC, 7.625%, 05/17/32 (d) 420 552 John Deere Capital Corp., 3.900%, 01/15/08 275 273 JPMorgan Chase & Co., 6.625%, 03/15/12 1,025 1,141 Lazard Group LLC, 7.125%, 05/15/15 (d) 1,795 1,810 MBNA Corp., 7.500%, 03/15/12 330 385 MBNA Corp., 6.125%, 03/01/13 680 741 Merrill Lynch & Co., Inc., 3.700%, 04/21/08 285 282 Merrill Lynch & Co., Inc., 5.000%, 01/15/15 635 650 Morgan Stanley, 5.300%, 03/01/13 1,505 1,564 ------ 13,307 ------ ELECTRIC (0.8%) Entergy Gulf States, Inc., 4.875%, 11/01/11, Callable 11/01/06 @ 100 310 308 Exelon Corp., 5.625%, 06/15/35 1,295 1,306 Northern States Power Co., 2.875%, 08/01/06 165 163 Pacific Gas & Electric Co., 6.050%, 03/01/34 860 948 Public Service Co. of Colorado, Ser 14, 4.375%, 10/01/08 130 130 ------ 2,855 ------ ENTERTAINMENT (0.0%) GTECH Holdings Corp., 4.750%, 10/15/10 80 80 ------ HOME BUILDERS (0.3%) Lennar Corp., 5.950%, 03/01/13 330 351 Pulte Homes, Inc., 4.875%, 07/15/09 470 470 Pulte Homes, Inc., 5.250%, 01/15/14 300 300 ------ 1,121 ------ INSURANCE (0.4%) MetLife, Inc., 5.000%, 06/15/15 415 421 Monumental Global Funding, 5.200%, 01/30/07 (d) 105 107 Prudential Financial, Inc., 3.750%, 05/01/08 325 322 Prudential Financial, Inc., 5.100%, 09/20/14 450 463 ------ 1,313 ------ INVESTMENT COMPANIES (0.1%) Credit Suisse First Boston USA, Inc., 6.500%, 01/15/12 480 533 ------ LEISURE TIME (0.0%) Harley Davidson Funding Corp., 3.625%, 12/15/08 (d) 90 88 ------ LODGING (0.3%) Harrah's Operating Co., Inc., 5.375%, 12/15/13 378 383 Marriott International, Inc., 4.625%, 610 604 ------
06/15/12 987 ----- MEDIA (1.0%) Comcast Cable Communications, Inc., 7.125%, 06/15/13 1,055 1,210 Comcast Cable Communications, Inc., 7.050%, 03/15/33 80 94 Cox Communications, Inc., 4.625%, 06/01/13 540 524 News America Holdings, Inc., 9.250%, 02/01/13 470 594 News America Holdings, Inc., 6.200%, 12/15/34 200 210 Time Warner, Inc., 7.625%, 04/15/31 785 980 ----- 3,612 ----- MINING (0.4%) Codelco, Inc., 5.500%, 10/15/13 640 668 Inco Ltd., 5.700%, 10/15/15 775 807 ----- 1,475 ----- MISCELLANEOUS MANUFACTURER (0.6%) General Electric Co., 5.000%, 02/01/13 1,990 2,055 ----- OIL & GAS (0.3%) Devon Energy Corp., 10.250%, 11/01/05 25 25 Devon Financing Corp. ULC, 7.875%, 09/30/31 355 462 Enterprise Products Operating LP, Ser B, 6.875%, 03/01/33 405 457 Motiva Enterprises LLC, 5.200%, 09/15/12 (d) 240 247 ----- 1,191 ----- PIPELINES (0.6%) Centerpoint Energy Resources Corp., Ser B, 7.875%, 04/01/13 655 778 K N Capital Trust III, 7.630%, 04/15/28 510 597 Kinder Morgan, Inc., 7.250%, 03/01/28 280 332 Panhandle Eastern Pipe Line Co. LLC, 2.750%, 03/15/07 70 68 Panhandle Eastern Pipe Line Co. LLC, Ser B, 4.800%, 08/15/08 260 263 ----- 2,038 ----- REITS (0.1%) Simon Property Group LP, 6.375%, 11/15/07 275 287 ----- RETAIL (0.1%) Federated Department Stores, Inc., 6.900%, 04/01/29 220 255 ----- SAVINGS & LOANS (0.1%) Golden West Financial Corp., 4.125%, 08/15/07 340 341 ----- TELECOMMUNICATIONS (0.7%) SBC Communications, Inc., 6.450%, 06/15/34 400 450
Sprint Capital Corp., 8.750%, 03/15/32 900 1,252 Verizon Global Funding Corp., 7.750%, 12/01/30 570 736 ------ 2,438 ------ TOTAL CORPORATE BONDS (COST $38,810) 39,768 ------ U.S. GOVERNMENT AGENCIES (23.1%) FANNIE MAE (9.4%) 4.500%, 10/01/18 363 362 5.500%, 07/01/19 2,673 2,745 5.000%, 08/01/19 249 252 5.500%, 08/01/19 819 842 5.000%, 09/01/19 159 161 5.500%, 09/01/19 258 265 5.000%, 10/01/19 180 182 5.000%, 10/01/19 274 278 5.500%, 12/01/19 71 73 4.500%, 04/01/20 984 980 4.500%, 06/16/20 (f) 3,685 3,667 5.000%, 06/16/20 (f) 6,474 6,544 5.500%, 06/16/20 (f) 1,700 1,745 6.000%, 04/01/31 34 35 6.500%, 06/01/32 101 104 5.500%, 02/01/33 496 504 6.500%, 03/01/33 395 409 5.500%, 06/01/33 3,103 3,147 6.500%, 10/01/33 128 133 6.500%, 10/01/33 155 160 5.000%, 11/01/33 3,900 3,904 6.000%, 11/01/33 200 206 6.000%, 11/01/33 111 114 6.000%, 11/01/33 70 71 6.500%, 11/01/33 1,120 1,160 6.500%, 11/01/33 131 135 6.000%, 12/01/33 374 384 6.000%, 12/01/33 76 78 6.000%, 12/01/33 95 97 7.000%, 01/01/34 1,068 1,126 6.000%, 03/01/34 119 122 6.000%, 04/01/34 123 126 6.000%, 04/01/34 136 140 6.000%, 04/01/34 114 117 6.000%, 05/01/34 120 123 6.000%, 05/01/34 247 254 6.000%, 05/01/34 102 105 6.500%, 07/01/34 183 189 6.000%, 01/01/35 2,199 2,256 5.500%, 07/15/35 (f) 532 539 ------ 33,834 ------ FREDDIE MAC (12.9%) 8.500%, 03/01/20 1 1 6.000%, 01/01/29 100 103 6.000%, 12/01/31 1,725 1,772 6.500%, 07/01/32 181 187 6.000%, 12/01/32 1,166 1,197 6.000%, 04/01/33 1,812 1,860 5.000%, 07/01/33 236 236 6.000%, 07/15/33 (f) 3,063 3,141 6.000%, 10/01/33 39 40 6.000%, 12/01/33 160 164
6.000%, 01/01/34 74 76 6.000%, 01/01/34 333 342 6.000%, 01/01/34 104 107 6.000%, 02/01/34 511 524 6.500%, 05/01/34 3,757 3,890 6.000%, 06/01/34 207 212 6.000%, 07/01/34 1,199 1,230 6.000%, 07/01/34 151 155 6.000%, 08/01/34 35 36 6.000%, 08/01/34 182 187 6.500%, 04/01/35 5,323 5,512 5.000%, 07/14/35 (f) 14,796 14,998 5.500%, 07/14/35 (f) 10,153 10,153 -------- 46,123 -------- GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (0.8%) 5.500%, 02/15/33 2,865 2,929 -------- TOTAL U.S. GOVERNMENT AGENCIES (COST $82,938) 82,886 -------- U.S. TREASURY OBLIGATIONS (71.9%) U.S. TREASURY BILLS (7.8%) 2.656%, 07/14/05 (c) 28,089 28,060 -------- U.S. TREASURY BONDS (9.1%) 10.750%, 08/15/05 7,316 7,383 5.375%, 02/15/31 21,590 25,477 -------- 32,860 -------- U.S. TREASURY NOTES (55.0%) 1.500%, 07/31/05 5,040 5,033 6.500%, 08/15/05 2,993 3,005 3.500%, 11/15/06 35,570 35,530 3.125%, 05/15/07 43,255 42,846 3.500%, 05/31/07 12,675 12,636 3.750%, 05/15/08 1,405 1,408 6.000%, 08/15/09 41,660 45,266 3.625%, 06/15/10 5,925 5,899 4.250%, 08/15/13 39,050 40,026 4.250%, 11/15/14 6,045 6,187 -------- 197,836 -------- TOTAL U.S. TREASURY OBLIGATIONS (COST $257,311) 258,756 -------- REPURCHASE AGREEMENTS (3.3%) Lehman Brothers, Inc., 3.335%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $11,751,921 (collateralized by U.S. Government Agencies; 5.500%, due 04/01/34; total market value $11,987,428) 11,751 11,751 -------- TOTAL REPURCHASE AGREEMENTS (COST $11,751) 11,751 -------- TOTAL INVESTMENTS (COST $401,255) (A) - 112.3% 403,603 LIABILITIES IN EXCESS OF OTHER ASSETS - (12.3)% (44,077) -------- NET ASSETS - 100.0% $359,526 ========
---------- (a) Represents cost for financial reporting purposes. Cost for federal income tax purposes is $401,617 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $2,553 Unrealized Depreciation.................. (567) ------ Unrealized Appreciation (Depreciation)... $1,986 ======
(b) Variable rate security. Rate presented represents rate in effect at June 30, 2005. Maturity date represents actual maturity date. (c) Rate represents the effective yield at purchase. (d) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund's advisor has deemed this security to be liquid based upon procedures approved by the Board of Trustees. (e) Perpetual bond. This is a bond that has no maturity date, is redeemable and pays a steady stream of interest indefinitely. (f) This security was purchased on a when-issue basis. Cl - Class LLC - Limited Liability Corporation LP - Limited Partnership REIT - Real Estate Investment Trust Ser - Series SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS CLASSIC INSTITUTIONAL HIGH QUALITY BOND FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
PRINCIPAL AMOUNT VALUE --------- -------- CORPORATE BONDS (15.1%) AEROSPACE/DEFENSE (0.3%) United Technologies Corp., 4.875%, 05/01/15 $165 $ 169 ------ AUTO MANUFACTURERS (0.3%) DaimlerChrysler NA Holdings Corp., 7.300%, 01/15/12 150 168 ------ BANKS (1.7%) Bank of America Corp., 7.400%, 01/15/11 550 629 Bank One Corp., 7.625%, 08/01/05 320 321 ------ 950 ------ BIOTECHNOLOGY (0.6%) Amgen, Inc., 4.000%, 11/18/09 315 313 ------ DIVERSIFIED FINANCIAL SERVICES (6.5%) American Express Co., 3.750%, 11/20/07 550 546 Caterpillar Financial Services Corp., 4.500%, 06/15/09 290 293 CIT Group, Inc., 5.125%, 09/30/14 195 198 Citigroup, Inc., 5.125%, 05/05/14 460 480 Goldman Sachs Group, Inc. (The), 4.750%, 07/15/13 405 405 Household Finance Corp., 6.375%, 11/27/12 560 618 JPMorgan Chase & Co., 6.625%, 03/15/12 495 551 Merrill Lynch & Co., Inc., 3.700%, 04/21/08 55 54 Merrill Lynch & Co., Inc., 5.000%, 01/15/15 135 138 Morgan Stanley, 5.300%, 03/01/13 380 395 ------ 3,678 ------ ELECTRIC (0.4%) Consolidated Edison Co. of New York, Inc., 4.700%, 06/15/09 145 147 Florida Power & Light Co., 6.875%, 12/01/05 55 56 ------ 203 ------ INSURANCE (0.6%) MetLife, Inc., 5.000%, 06/15/15 95 96 Prudential Financial, Inc., 3.750%, 05/01/08 135 135 Prudential Financial, Inc., 5.100%, 09/20/14 85 87 ------ 318 ------ INVESTMENT COMPANIES (0.3%)
Credit Suisse First Boston USA, Inc., 6.500%, 01/15/12 175 194 ------- MISCELLANEOUS MANUFACTURER (2.0%) General Electric Co., 5.000%, 02/01/13 1,095 1,131 ------- RETAIL (0.5%) Wal-Mart Stores, Inc., 4.550%, 05/01/13 280 283 ------- SAVINGS & LOANS (0.3%) Golden West Financial Corp., 4.125%, 08/15/07 185 185 ------- SOFTWARE (1.0%) First Data Corp., 4.700%, 11/01/06 560 566 ------- TELECOMMUNICATIONS (0.6%) SBC Communications, Inc., 5.625%, 06/15/16 120 127 Verizon Global Funding Corp., 7.250%, 12/01/10 205 232 ------- 359 ------- TOTAL CORPORATE BONDS (COST $8,382) 8,517 ------- U.S. GOVERNMENT AGENCIES (1.0%) FANNIE MAE (1.0%) 5.725%, 03/01/12 230 246 6.260%, 05/01/12 311 341 ------- TOTAL U.S. GOVERNMENT AGENCIES (COST $582) 587 ------- U.S. TREASURY OBLIGATIONS (82.9%) U.S. TREASURY NOTES (82.9%) 3.500%, 11/15/06 12,800 12,785 3.375%, 02/28/07 115 114 3.125%, 05/15/07 13,140 13,017 3.125%, 04/15/09 600 588 6.000%, 08/15/09 11,650 12,658 4.250%, 08/15/13 7,280 7,462 ------- TOTAL U.S. TREASURY OBLIGATIONS (COST $46,688) 46,624 ------- REPURCHASE AGREEMENTS (2.2%) Merrill Lynch & Co., Inc., 3.255%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $1,265,059 (collaterized by U.S. Government Agencies, 5.500% due 06/01/35; total market value $1,292,658) 1,265 1,265 ------- TOTAL REPURCHASE AGREEMENTS (COST $1,265) 1,265 ------- TOTAL INVESTMENTS (COST $56,917) (A) - 101.2% 56,993 LIABILITIES IN EXCESS OF OTHER ASSETS - (1.2)% (679) ------- NET ASSETS - 100.0% $56,314 =======
---------- (a) Represents cost for financial reporting purposes. Cost for federal income tax purposes is $56,933 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $ 274 Unrealized Depreciation.................. (214) ----- Unrealized Appreciation (Depreciation)... $ 60 =====
SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS CLASSIC INSTITUTIONAL INTERMEDIATE BOND FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
PRINCIPAL AMOUNT VALUE --------- ------- ASSET BACKED SECURITIES (0.3%) HOME EQUITY ABS (0.3%) Cityscape Home Equity Loan Trust, Ser 1996-3, Cl A8, 7.650%, 09/25/25 $ 18 $ 18 Contimortgage Home Equity Loan Trust, Ser 1996-2, Cl A8, 7.900%, 07/15/27 107 109 Delta Funding Home Equity Loan Trust, Ser 1999-3, Cl A1F, 7.462%, 09/15/29 13 14 EQCC Home Equity Loan Trust, Ser 1999-3, Cl A7F, 7.448%, 08/25/30 10 10 New Century Home Equity Loan Trust, Ser 1999-NCB, Cl A7, 7.540%, 06/25/29 10 10 Soundview Home Equity Loan Trust, Ser 2001-1, Cl A, 6.265%, 04/15/31 (b) 30 30 ---- TOTAL ASSET BACKED SECURITIES (COST $193) 191 ---- CORPORATE BONDS (22.1%) AEROSPACE/DEFENSE (0.4%) United Technologies Corp., 4.875%, 05/01/15 245 251 ---- AIRLINES (0.5%) Southwest Airlines Co., 5.125%, 03/01/17 285 279 ---- AUTO MANUFACTURERS (0.6%) DaimlerChrysler NA Holdings Corp., 7.300%, 01/15/12 310 346 ---- BANKS (1.6%) Bank of America Corp., 7.400%, 01/15/11 355 407 BNP US Funding LLC, 7.738%, 12/31/49, Callable 12/05/07 @ 100.00 (b) (d) (e) 260 280 Wells Fargo & Co., 5.125%, 02/15/07 270 274 ---- 961 ---- BUILDING MATERIALS (0.3%) American Standard, Inc., 7.625%, 02/15/10 170 190 ---- COMMERCIAL SERVICES (0.6%) ERAC USA Finance Co., 5.600%, 05/01/15 (d) 120 124 R. R. Donnelley & Sons Co., 4.950%, 04/01/14 230 225 ---- 349 ---- COMPUTERS (0.1%)
NCR Corp., 7.125%, 06/15/09 60 65 ----- DIVERSIFIED FINANCIAL SERVICES (8.9%) Capital One Financial Corp., 4.800%, 02/21/12 130 129 CIT Group, Inc., 5.125%, 09/30/14 250 254 Citigroup, Inc., 5.125%, 05/05/14 330 344 Ford Motor Credit Co., 7.000%, 10/01/13 310 297 Fund American Cos., Inc., 5.875%, 05/15/13 350 365 General Electric Capital Corp., 4.250%, 01/15/08 715 719 Goldman Sachs Group, Inc. (The), 4.750%, 07/15/13 310 310 Household Finance Corp., 4.125%, 12/15/08 555 552 John Deere Capital Corp., 3.900%, 01/15/08 95 94 JPMorgan Chase & Co., 6.625%, 03/15/12 330 367 Lazard Group LLC, 7.125%, 05/15/15 (d) 535 541 MBNA Corp., 6.125%, 03/01/13 330 360 Merrill Lynch & Co., Inc., 3.700%, 04/21/08 60 59 Merrill Lynch & Co., Inc., 5.000%, 01/15/15 185 189 Morgan Stanley, 5.800%, 04/01/07 220 226 Morgan Stanley, 5.300%, 03/01/13 455 473 SLM Corp., 5.625%, 04/10/07 85 87 ----- 5,366 ----- ELECTRIC (0.8%) Entergy Gulf States, Inc., 4.875%, 11/01/11, Callable 11/01/06 @ 100 50 50 Exelon Corp., 4.900%, 06/15/15 395 396 Northern States Power Co., 2.875%, 08/01/06 60 59 ----- 505 ----- ENTERTAINMENT (0.1%) GTECH Holdings Corp., 4.750%, 10/15/10 40 40 ----- HOME BUILDERS (0.5%) Lennar Corp., 5.950%, 03/01/13 50 53 Pulte Homes, Inc., 4.875%, 07/15/09 155 155 Pulte Homes, Inc., 5.250%, 01/15/14 90 90 ----- 298 ----- INSURANCE (0.6%) MetLife, Inc., 5.000%, 06/15/15 125 127 Prudential Financial, Inc., 3.750%, 05/01/08 90 89 Prudential Financial, Inc., 5.100%, 09/20/14 140 144 ----- 360 ----- INVESTMENT COMPANIES (0.3%) Credit Suisse First Boston USA, Inc., 6.500%, 01/15/12 160 178 ----- LEISURE TIME (0.1%)
Harley Davidson Funding Corp., 3.625%, 12/15/08 (d) 65 64 ------ LODGING (0.5%) Harrah's Operating Co., Inc., 5.375%, 12/15/13 110 112 Marriott International, Inc., 4.625%, 06/15/12 180 178 ------ 290 ------ MEDIA (1.7%) Comcast Cable Communications, Inc., 7.125%, 06/15/13 260 298 News America Holdings, Inc., 9.250%, 02/01/13 220 278 Time Warner, Inc., 9.120%, 01/15/13 330 417 ------ 993 ------ MINING (0.7%) Codelco, Inc., 5.500%, 10/15/13 155 162 Inco Ltd., 5.700%, 10/15/15 230 239 ------ 401 ------ MISCELLANEOUS MANUFACTURER (0.3%) General Electric Co., 5.000%, 02/01/13 185 191 ------ OIL & GAS (0.6%) Enterprise Products Operating LP, 5.600%, Series B 10/15/14 245 252 Motiva Enterprises LLC, 5.200%, 09/15/12 (d) 90 93 ------ 345 ------ PIPELINES (1.0%) Centerpoint Energy Resources Corp., Ser B, 7.875%, 04/01/13 220 261 Kinder Morgan, Inc., 6.500%, 09/01/12 280 309 ------ 570 ------ RETAIL (0.1%) Federated Department Stores, 7.450%, 07/15/17 70 84 ------ SAVINGS & LOANS (0.2%) Golden West Financial Corp., 4.125%, 08/15/07 100 100 ------ TELECOMMUNICATIONS (1.6%) Deutsche Telekom International Finance Corp., 8.500%, 06/15/10 (c) 105 122 SBC Communications, Inc., 5.625%, 06/15/16 125 132 Sprint Capital Corp., 8.375%, 03/15/12 300 360 Verizon Global Funding Corp., 7.250%, 12/01/10 315 357 ------ 971 ------ TOTAL CORPORATE BONDS (COST $12,982) 13,197 ------ U.S. GOVERNMENT AGENCIES (0.2%) FANNIE MAE (0.1%) 6.000%, 07/01/09 98 99 ------
FREDDIE MAC (0.1%) 6.500%, 08/01/08 47 48 ------- TOTAL U.S. GOVERNMENT AGENCIES (COST $147) 147 ------- U.S. TREASURY OBLIGATIONS (75.6%) U.S. TREASURY NOTES (75.6%) 1.500%, 07/31/05 200 200 3.500%, 11/15/06 7,760 7,751 3.125%, 05/15/07 12,100 11,985 3.500%, 05/31/07 4,405 4,392 3.125%, 04/15/09 625 612 6.000%, 08/15/09 10,755 11,686 4.375%, 08/15/12 50 52 4.250%, 08/15/13 8,220 8,426 ------- TOTAL U.S. TREASURY OBLIGATIONS (COST $45,104) 45,104 ------- REPURCHASE AGREEMENTS (1.7%) Lehman Brothers, Inc., 3.335%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $698,787 (collateralized by U.S. Government Agencies; 5.500%, due 04/01/34; total market value $712,993) 1,029 1,028 ------- TOTAL REPURCHASE AGREEMENTS (COST $1,028) 1,028 ------- TOTAL INVESTMENTS (COST $59,454) (A) - 99.9% 59,667 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.1% 34 ------- NET ASSETS - 100.0% $59,701 =======
---------- (a) Represents cost for financial reporting purposes. Cost for federal income tax purposes is $59,546 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $ 289 Unrealized Depreciation.................. (168) ----- Unrealized Appreciation (Depreciation)... $ 121 =====
(b) Variable rate security. Rate presented represents rate in effect at June 30, 2005. Maturity date represents actual maturity date. (c) Step bond. (d) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund's advisor has deemed this security to be liquid based upon procedures approved by the Board of Trustees. (e) Perpetual bond. This is a bond that has no maturity date, is redeemable and pays a steady stream of interest indefinitely. Cl - Class LLC - Limited Liability Corporation LP - Limited Partnership Ser - Series SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS CLASSIC INSTITUTIONAL LIMITED DURATION FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
PRINCIPAL AMOUNT VALUE --------- ------- ASSET BACKED SECURITIES (47.8%) CREDIT CARD ABS (17.3%) American Express Credit Account Master Trust, Ser 2001-1, Cl A, 3.360%, 01/01/49 (b) $1,731 $ 1,733 BA Master Credit Card Trust, Ser 2001, Cl A, 3.340%, 06/15/08 (b) 3,000 3,003 Chase Issuance Trust, Ser 2005-A1, Cl A1, 3.230%, 12/15/10 (b) 2,960 2,960 Citibank Credit Card Issuance Trust, Ser 2002, Cl A5, 3.450%, 09/17/07 (b) 3,000 3,000 MBNA Credit Card Master Note Trust, 3.350%, 05/17/10 (b) 3,000 3,009 ------- 13,705 ------- DIVERSIFIED FINANCIAL SERVICES (3.9%) SLM Student Loan Trust, Ser 2005-3, Cl A2, 3.169%, 10/25/13 (b) 3,103 3,104 ------- FANNIE MAE (4.5%) Guarantor Trust, Ser 2002-T10, Cl A1, 3.434%, 06/25/32 (b) 1,422 1,418 Guarantor Trust, Ser 2002-T13, Cl A1, 3.414%, 08/25/32 (b) 2,178 2,178 ------- 3,596 ------- FREDDIE MAC (1.9%) Structured Pass Thru Securities, Ser T-49, Cl AV, 3.464%, 12/25/32 (b) 1,498 1,499 ------- HOME EQUITY ABS (20.2%) Amortizing Residential Collateral Trust, Ser 2002-BC1F, Cl A, 3.594%, 01/25/32 (b) 2,045 2,043 Amortizing Residential Collateral Trust, Ser 2002-BC3M, Cl A, 3.584%, 06/25/32 (b) 1,073 1,074 Countrywide Home Equity Loan Trust, Ser 2002-B, Cl A1, 3.470%, 04/15/28 (b) 1,624 1,624 Countrywide Home Equity Loan Trust, Ser 2002-D, Cl A1, 3.460%, 08/15/28 (b) 2,013 2,014 Fleet Home Equity Loan Trust, Ser 2003-1, Cl A, 3.630%, 01/20/33 (b) 2,635 2,638 Greenpoint Home Equity Loan Trust, Ser 2003-1, Cl A, 3.360%, 04/15/29 (b) 1,319 1,321 Mellon Bank Home Equity Loan Trust, Ser 2001-1, Cl A, 3.500%, 03/20/27 (b) 2,219 2,214 Wachovia Asset Securitization, Inc., Ser 2002-HE2, Cl A, 3.744%, 12/25/32 (b) 563 566 Wachovia Asset Securitization, Inc., Ser 2003-HE1, Cl A1, 3.604%, 03/25/33 (b) 2,468 2,470 ------- 15,964 -------
TOTAL ASSET BACKED SECURITIES (COST $37,861) 37,868 ------- U.S. TREASURY OBLIGATIONS(48.6%) U.S. TREASURY BONDS(10.2%) 10.750%, 08/15/05 8,000 8,073 ------- U.S. TREASURY NOTES(38.4%) 1.500%, 07/31/05 7,000 6,990 6.500%, 08/15/05 8,500 8,535 2.000%, 08/31/05 9,000 8,982 1.625%, 09/30/05 6,000 5,977 ------- 30,484 ------- TOTAL U.S. TREASURY OBLIGATIONS (COST $38,577) 38,557 ------- REPURCHASE AGREEMENTS (3.7%) CASH EQUIVALENT (3.7%) Lehman Brothers, Inc., 3.335%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $2,973,290 (collateralized by U.S. Government Agencies, 5.500%, due 04/01/34; total market value $3,034,985) 2,973 2,973 ------- TOTAL REPURCHASE AGREEMENTS (COST $2,973) 2,973 ------- TOTAL INVESTMENTS (COST $79,411) (A)- 100.1% 79,398 LIABILITIES IN EXCESS OF OTHER ASSETS - (0.1)% (95) ------- NET ASSETS 100.0% $79,303 =======
---------- (a) Represents cost for financial reporting purposes. Cost for federal income tax purposes is $79,413 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $ 18 Unrealized Depreciation.................. (33) ---- Unrealized Appreciation (Depreciation)... $(15) ====
(b) Variable rate security. Rate presented represents rate in effect at June 30, 2005. Maturity date represents actual maturity date. Cl - Class Ser - Series SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS CLASSIC INSTITUTIONAL SHORT-TERM BOND FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------ ASSET BACKED SECURITIES (14.6%) AUTOMOBILE ABS (9.0%) Capital Auto Receivables Asset Trust, 3.580%, 10/16/06 $163 $ 163 Capital Auto Receivables Asset Trust, 2.640%, 03/17/08 346 343 DaimlerChrysler Auto Trust, Ser 2004-A, Cl A2, 1.410%, 11/08/06 149 149 Ford Credit Auto Owner Trust, 2.130%, 10/15/06 215 214 Honda Auto Receivables Owner Trust, 3.610%, 12/18/07 423 423 Nissan Auto Receivables Owner Trust, Ser 2003-B, Cl A4, 2.050%, 03/16/09 100 98 USAA Auto Owner Trust, Ser 2004-1, Cl A3, 2.060%, 04/15/08 450 445 ------ 1,835 ------ CREDIT CARD ABS (5.6%) Bank One Issuance Trust, Ser 2002, Cl A4, 2.940%, 06/16/08 490 488 Citibank Credit Card Issuance Trust, 2.550%, 01/20/09 350 343 MBNA Credit Card Master Note Trust, 3.650%, 03/15/11 300 297 ------ 1,128 ------ TOTAL ASSET BACKED SECURITIES (COST $2,979) 2,963 ------ COLLATERALIZED MORTGAGE OBLIGATIONS (10.2%) Adjustable Rate Mortgage Trust, Ser 2005-1, Cl 2A22, 4.657%, 05/25/35 (b) 120 121 Countrywide Home Loans, Inc., Ser 2004-21, Cl A10, 6.000%, 11/25/34 175 179 First Horizon Alternative Mortgage Securities, Ser 2005-AA3, Cl 2A1, 5.185%, 05/25/35 (b) 390 394 J.P. Morgan Chase Commerical Mortgage Securities, Ser 2005-LDP1, Cl A2, 4.625%, 03/15/46 230 233 J.P. Morgan Mortgage Trust, Ser 2005-A1, Cl 5A1, 4.484%, 02/25/35 (b) 369 364 Wachovia Bank Commercial Mortgage Trust, Ser 2005-C16, Cl A2, 4.380%, 10/15/41 345 346 Washington Mutual, Ser 2005-AR4, Cl A1, 3.624%, 04/25/35 (b) 191 191 Wells Fargo Mortgage Backed Securities 240 233 ------
Trust, Ser 2004-S, Cl A5, 3.541%, 09/25/34 (b) TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (COST $2,062) 2,061 ----- CORPORATE BONDS (38.9%) AUTO MANUFACTURERS (0.7%) DaimlerChrysler NA Holdings Corp., 4.750%, 01/15/08 145 146 ----- BANKS (4.7%) Bank of America Corp., 5.250%, 02/01/07 355 363 Marshall & Ilsley Bank, 4.400%, 03/15/10 300 301 Wachovia Corp., 6.375%, 02/01/09 280 300 ----- 964 ----- BEVERAGES (0.8%) Coca-Cola Enterprises, Inc., 5.250%, 05/15/07 165 169 ----- COSMETICS/PERSONAL CARE (0.4%) Gillette Co. (The), 3.500%, 10/15/07, Callable 10/15/05 @ 100 80 79 ----- DIVERSIFIED FINANCIAL SERVICES (24.6%) Bear Stearns & Co., Inc., 5.700%, 01/15/07 275 281 Boeing Capital Corp., 5.650%, 05/15/06 72 73 Capital One Financial Corp., 7.250%, 05/01/06 75 77 Capital One Financial Corp., 8.750%, 02/01/07 75 80 CIT Group, Inc., 4.000%, 05/08/08 90 89 CIT Group, Inc., 4.250%, 02/01/10 245 243 Citigroup, Inc., 5.000%, 03/06/07 475 484 Countrywide Home Loan, Inc., 5.500%, 08/01/06 350 355 Credit Suisse First Boston USA, Inc., 5.875%, 08/01/06 325 332 Ford Motor Credit Co., 6.875%, 02/01/06 240 242 Ford Motor Credit Co., 6.500%, 01/25/07 130 131 General Electric Capital Corp., 5.000%, 06/15/07 225 229 Goldman Sachs Group, Inc. (The), 4.125%, 01/15/08 (c) 335 335 HSBC Finance Corp., 4.125%, 03/11/08 325 324 John Deere Capital Corp., Ser D, 3.875%, 03/07/07 220 219 JPMorgan Chase & Co., 5.250%, 05/30/07 345 352 Lehman Brothers Holdings, Inc., 6.250%, 05/15/06 295 300 Merrill Lynch & Co., Inc., Ser B, 3.375%, 09/14/07 180 178 Morgan Stanley, 5.800%, 04/01/07 235 242 National Rural Utilities Cooperative 425 423 -----
Finance Corp., 3.000%, 02/15/06 4,989 ----- ELECTRIC (1.1%) American Electric Power Co., Inc., Ser A, 6.125%, 05/15/06 36 37 Dominion Resources, Inc., Ser B, 7.625%, 07/15/05 175 175 PG&E Corp., 3.820%, 04/03/06 (b) 15 15 ----- 227 ----- MEDIA (1.2%) Comcast Cable Communications, Inc., 8.375%, 05/01/07 100 107 Time Warner, Inc., 6.150%, 05/01/07 140 145 ----- 252 ----- OIL & GAS (0.6%) Devon Energy Corp., 2.750%, 08/01/06 115 113 ----- REITS (0.8%) Equity Office Properties Trust, 8.375%, 150 154 03/15/06 ----- TELECOMMUNICATIONS (4.0%) British Telecom PLC, 7.875%, 12/15/05 100 102 SBC Communications, Inc., 5.750%, 05/02/06 190 193 SBC Communications, Inc., 4.125%, 09/15/09 90 89 Verizon Global Funding Corp., 6.125%, 06/15/07 194 201 Verizon Wireless, Inc., 5.375%, 12/15/06 225 229 ----- 814 ----- TOTAL CORPORATE BONDS (COST $7,985) 7,907 ----- FOREIGN GOVERNMENT BOND (1.1%) CANADA (1.1%) Quebec Province, 5.500%, 04/11/06 225 228 ----- TOTAL FOREIGN GOVERNMENT BOND (COST $231) 228 ----- U.S. GOVERNMENT AGENCIES (32.9%) FANNIE MAE (15.5%) 3.750%, 05/17/07 450 448 6.942%, 08/01/07 130 136 6.790%, 11/01/07 (b) 260 270 4.200%, 03/24/08, Callable 03/24/06 @ 100 (c) 325 326 6.070%, 10/01/08 223 229 3.810%, 12/01/08 (b) 380 376 3.125%, 03/16/09, Callable 03/16/06 @ 100 (c) 175 169 6.850%, 08/01/09 303 326 5.000%, 11/25/26 215 218 4.347%, 09/01/33 (b) 137 139 4.417%, 10/01/33 (b) 159 164 4.324%, 03/01/34 (b) 327 326 ----- 3,127 -----
FEDERAL HOME LOAN BANK (1.7%) 4.875%, 11/15/06 (c) 350 355 ------- FREDDIE MAC (14.2%) 2.375%, 02/15/07 345 337 3.750%, 08/03/07, Callable 08/03/05 @ 100 (c) 340 339 4.000%, 07/01/08 157 156 3.875%, 01/12/09, Callable 01/12/06 @ 100 360 358 5.000%, 05/15/11 10 10 3.750%, 12/15/11 297 294 5.000%, 12/15/20 462 467 4.500%, 10/15/28 319 318 3.339%, 07/01/33 8 8 4.341%, 03/01/34 (b) 293 294 5.009%, 04/01/34 (b) 307 310 ------- 2,891 SALLIE MAE (1.5%) 3.610%, 09/15/06 (b) 300 301 ------- TOTAL U.S. GOVERNMENT AGENCIES (COST $6,731) 6,674 ------- SHORT-TERM INVESTMENTS (5.8%) CSFB Enhanced Liquidity Portfolio (d) 1,176,434 1,176 ------- TOTAL SHORT-TERM INVESTMENTS (COST $1,176) 1,176 ------- MONEY MARKET FUNDS (1.7%) Federated Prime Value Money Market Fund 343,948 344 ------- TOTAL MONEY MARKET FUNDS (COST $344) 344 ------- TOTAL INVESTMENTS (COST $21,508) (A) - 105.2% 21,353 LIABILITIES IN EXCESS OF OTHER ASSETS - (5.2)% (1,058) ------- NET ASSETS - 100.0% $20,295 =======
---------- (a) Represents cost for financial reporting purposes. Cost for federal income tax purposes is $21,517 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $ 18 Unrealized Depreciation.................. (182) ----- Unrealized Appreciation (Depreciation)... $(164) =====
(b) Variable rate security. Rate presented represents rate in effect at June 30, 2005. Maturity date represents actual maturity date. (c) This security or a partial position of the security was on loan at June 30, 2005. The total value of securities on loan at June 30, 2005 in thousands was $1,139. (d) This security was purchased with cash collateral held from securities lending. Cl - Class REIT - Real Estate Investment Trust Ser - Series SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS CLASSIC INSTITUTIONAL SUPER SHORT INCOME PLUS FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------- ASSET BACKED SECURITIES (29.8%) AUTOMOBILE ABS (10.1%) Americredit Automobile Receivables Trust, Ser 2001-C, Cl A4, 5.010%, 07/14/08 (b) $2,891 $ 2,904 Capital Auto Receivables Asset Trust, Ser 2004-2, Cl A1B, 3.220%, 03/15/07 (b) 2,575 2,575 DaimlerChrysler Auto Trust, Ser 2004-A, Cl A2, 1.410%, 11/08/06 454 453 DaimlerChrysler Master Owner Trust, Ser 2003-A, Cl A, 3.270%, 02/15/08 (b) 2,575 2,576 Ford Credit Auto Owner Trust, Ser 2005-A, Cl A2, 3.080%, 07/15/07 (b) 2,758 2,751 Harley-Davidson Motorcycle Trust, Ser 2004-1, Cl A1, 1.400%, 10/15/08 1,004 994 Navistar Financial Corp. Owner Trust, Ser 2002-B, Cl A3A, 3.470%, 03/15/07 (b) 70 70 Nissan Auto Receivables Owner Trust, Ser 2002-A, Cl A4, 4.280%, 10/16/06 442 442 Nissan Auto Receivables Owner Trust, Ser 2003-B, Cl A4, 2.050%, 03/16/09 525 512 Nissan Master Owner Trust Receivables, Ser 2003-A, Cl A1, 3.280%, 09/15/08 (b) 3,000 3,004 Superior Wholesale Inventory Financing Trust, Ser 2005-A12, Cl A, 3.440%, 06/10/10 (b) 2,000 2,000 Toyota Auto Receivables Owner Trust, Ser 2003-B, Cl A3, 3.250%, 08/15/07 (b) 2,190 2,190 USAA Auto Owner Trust, Ser 2004-1, Cl A3, 2.060%, 04/15/08 2,150 2,123 ------- 22,594 ------- CREDIT CARD ABS (4.4%) Bank One Issuance Trust, Ser 2003-A5, Cl A5, 3.270%, 02/17/09 (b) 2,500 2,501 Citibank Credit Card Issuance Trust, 2.700%, 01/15/08 1,500 1,491 First USA Credit Master Trust, Ser 2001-1, Cl A, 3.410%, 09/19/08 (b) 3,500 3,504 GE Capital Credit Card Master Note Trust, Ser 2004-1, Cl A, 3.270%, 06/15/10 (b) 2,500 2,502 ------- 9,998 ------- DIVERSIFIED FINANCIAL SERVICES (5.3%)
College Loan Corp. Trust, Ser 2005-1, Cl A1, 3.210%, 01/25/14 (b) 2,250 2,252 Collegiate Funding Services Education Loan, Ser 2003-5, Cl A6, 3.000%, 12/28/43 (b) 2,250 2,250 Education Loans, Inc., Ser 2003-1, Cl A, 3.030%, 12/01/35 (b) 2,250 2,250 Nelnet Student Loan Corp., Ser 2002-A, Cl A7, 2.650%, 06/01/35 (b) 2,200 2,200 SLM Student Loan Trust, Ser 1998-1, Cl A2, 3.453%, 10/25/11 (b) 2,875 2,903 ------ 11,855 ------ HOME EQUITY ABS (9.6%) Aegis Asset Backed Securities Trust, Ser 2005-2, Cl 1A1, 3.414%, 06/25/35 (b) 2,153 2,153 Centex Home Equity, Ser 2005-C, Cl AV1, 3.230%, 06/25/35 (b) 2,250 2,250 Countrywide Asset-Backed Certificates, Ser 2003-5, Cl AF3, 3.613%, 04/25/30 (b) 2,352 2,343 Countrywide Home Equity Loan Trust, Ser 2005-A, Cl A2, 3.330%, 02/15/30 (b) 1,752 1,754 GMAC Mortgage Corp. Loan Trust, Ser 2004-HE1, Cl A1, 3.394%, 06/25/34 (b) 2,275 2,275 GMAC Mortgage Corp. Loan Trust, Ser 2004-HE3, Cl A1, 3.414%, 10/25/34 (b) 2,500 2,502 Household Home Equity Loan Trust, Ser 2005-C, Cl A, 3.604%, 01/20/34 2,500 2,500 Park Place Securities, Inc., Ser 2005-WHQ2, Cl A2A, 3.414%, 05/25/35 (b) 2,381 2,381 Residential Asset Mortgage Products, Inc., Ser 2004-RS2, Cl AI1, 3.444%, 01/25/24 (b) 45 45 Residential Asset Mortgage Products, Inc., Ser 2004-RS4, Cl AI2, 3.247%, 09/25/25 (b) 2,750 2,739 Residential Asset Mortgage Products, Inc., Ser 2004-RS7, Cl AI1, 3.484%, 08/25/22 (b) 759 759 ------ 21,701 ------ OTHER ABS (0.4%) CIT Equipment Collateral, Ser 2003-VT1, Cl A3A, 3.390%, 04/20/07 (b) 953 953 ------ TOTAL ASSET BACKED SECURITIES (COST $67,166) COLLATERALIZED MORTGAGE OBLIGATIONS (5.1%) 67,101 Adjustable Rate Mortgage Trust, Ser ------ 2005-7, Cl 7A21, 3.580%, 10/25/35 (b) 1,150 1,150 Countrywide Home Loans, Inc., Ser 2004-21, Cl A10, 6.000%, 11/25/34 978 1,001 Deutsche Mortgage Securities, Inc., Series 2004-1, Cl 3A3, 3.690%, 12/25/33 (b) 1,624 1,619 First Horizon Alternative Mortgage 886 894
Securities, Ser 2005-AA3, Cl 2A1, 5.185%, 05/25/35 (b) J.P. Morgan Chase Mortgage Securities, 4.116%, 03/15/46 (b) 1,243 1,243 J.P. Morgan Mortgage Trust, Ser 2005-A1, Cl 5A1, 4.484%, 02/25/35 (b) 3,323 3,279 Washington Mutual, Ser 2005-AR4, Cl A1, 3.624%, 04/25/35 (b) 1,224 1,223 Wells Fargo Mortgage Backed Securities Trust, Ser 2004-S, Cl A5, 3.541%, 09/25/34 (b) 1,125 1,092 ------ TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (COST $11,527) 11,501 ------ COMMERCIAL PAPERS (4.7%) DIVERSIFIED FINANCIAL SERVICES (4.7%) Barclays US Funding LLC, 3.355%, 09/06/05 (c) 2,825 2,807 HBOS Treasury Services PLC, 3.215%, 08/03/05 (c) 2,825 2,817 ING US Funding LLC, 3.081%, 07/15/05 (c) 2,550 2,547 Rabobank USA, 3.050%, 07/12/05 (c) 2,550 2,547 ------ TOTAL COMMERCIAL PAPERS (COST $10,719) 10,718 ------ CORPORATE BONDS (27.3%) AUTO MANUFACTURERS (1.8%) American Honda Finance Corp., 3.290%, 01/16/07 (b) (d) 2,500 2,503 DaimlerChrysler NA Holdings Corp., 6.400%, 05/15/06 1,000 1,020 DaimlerChrysler NA Holdings Corp., 4.750%, 01/15/08 525 527 ------ 4,050 ------ BANKS (4.2%) Bank of America Corp., 5.250%, 02/01/07 800 816 U.S. Bank NA, 3.350%, 12/05/05 (b) 2,000 2,000 Wachovia Corp., 3.230%, 07/20/07 (b) 2,500 2,501 Wells Fargo & Co., 3.450%, 03/03/06 (b) 1,000 1,001 Wells Fargo & Co., 3.419%, 03/10/08 (b) 3,000 2,999 ------ 9,317 ------ BEVERAGES (0.2%) Coca-Cola Enterprises, Inc., 5.250%, 05/15/07 450 460 ------ DIVERSIFIED FINANCIAL SERVICES (13.8%) American Express Centurion Bank, 3.316%, 11/16/07 (b) 2,150 2,151 Bear Stearns & Co., Inc. (The), 3.340%, 04/29/08 (b) 2,500 2,501 Capital One Financial Corp., 7.250%, 05/01/06 500 513 Capital One Financial Corp., 8.750%, 02/01/07 500 534 CIT Group, Inc., 3.490%, 05/18/07 (b) 2,500 2,504 CIT Group, Inc., 4.000%, 05/08/08 550 546
Citigroup, Inc., 5.000%, 03/06/07 1,000 1,017 Countrywide Home Loan, Inc., 5.500%, 08/01/06 1,500 1,523 Countrywide Home Loan, Inc., Ser M, 3.464%, 08/25/06 (b) 1,925 1,926 Credit Suisse First Boston USA, Inc., 5.875%, 08/01/06 500 510 Ford Motor Credit Co., 6.875%, 02/01/06 600 606 Ford Motor Credit Co., 6.500%, 01/25/07 (e) 600 604 General Electric Capital Corp., 5.000%, 06/15/07 750 763 Goldman Sachs Group, Inc. (The), 4.125%, 01/15/08 (e) 550 550 Goldman Sachs Group, Inc., (The), Ser B, 3.590%, 03/30/07 (b) 2,500 2,502 Household Finance Corp., 5.750%, 01/30/07 1,000 1,026 HSBC Finance Corp., 4.125%, 03/11/08 1,000 998 John Deere Capital Corp., Ser D, 3.875%, 03/07/07 820 817 JPMorgan Chase & Co., 3.560%, 12/18/06 (b) 3,000 3,006 JPMorgan Chase & Co., 5.250%, 05/30/07 1,000 1,021 Lehman Brothers Holdings, Inc., 4.000%, 01/22/08 550 548 MBNA America Bank National 835 841 Association, 7.750%, 09/15/05 Merrill Lynch & Co., Inc., Ser B, 3.375%, 09/14/07 480 475 Morgan Stanley, 3.270%, 01/12/07 (b) 2,500 2,502 Morgan Stanley, 5.800%, 04/01/07 (e) 1,000 1,028 ------ 31,012 ------ ELECTRIC (1.4%) American Electric Power Co., Inc., Ser A, 6.125%, 05/15/06 209 213 Dominion Resources, Inc., Ser B, 7.625%, 07/15/05 1,585 1,586 PG&E Corp., 3.820%, 04/03/06 (b) 97 97 Virginia Electric & Power Co., 5.750%, 03/31/06 1,250 1,266 ------ 3,162 ------ INSURANCE (2.5%) ASIF Global Finance XXII, 3.449%, 05/30/06 (b) (d) 2,500 2,500 MetLife Global Funding, 3.470%, 08/28/06 (b) (d) 3,250 3,254 ------ 5,754 ------ MEDIA (1.2%) Comcast Cable Communications, Inc., 8.375%, 05/01/07 650 697 TCI Communications, Inc., 6.875%, 02/15/06 500 508 Time Warner, Inc., 6.125%, 04/15/06 1,000 1,016 Time Warner, Inc., 6.150%, 05/01/07 500 517 ------
2,738 ------ OIL & GAS (0.5%) Devon Energy Corp., 2.750%, 08/01/06 1,050 1,032 ------ TELECOMMUNICATIONS (1.7%) British Telecom PLC, 7.875%, 12/15/05 1,000 1,017 SBC Communications, Inc., 5.750%, 05/02/06 1,000 1,014 Verizon Global Funding Corp., 6.750%, 12/01/05 1,250 1,265 Verizon Global Funding Corp., 6.125%, 06/15/07 (e) 575 596 ------ 3,892 ------ TOTAL CORPORATE BONDS (COST $61,639) 61,417 ------ MASTER NOTES (1.0%) BANKS (1.0%) Bank of America Corp., 3.508% 2,250 2,250 ------ TOTAL MASTER NOTES (COST $2,250) 2,250 ------ TAXABLE MUNICIPAL BONDS (7.2%) CALIFORNIA (1.0%) Chela Financial USA, Inc., Student Loans, Ser 2002E-6, RB, 3.360%, 12/01/37 (b) 2,250 2,250 ------ COLORADO (1.0%) Colorado Student Obligation Bond Authority, Student Loan, Ser IV-A1, RB, 3.260%, 12/01/34 (b) 2,200 2,200 ------ CONNECTICUT (1.0%) Connecticut Student Loan Foundation, Student Loan, Ser A-4, RB, 3.360%, 06/01/34 (b) 2,250 2,250 ------ GEORGIA (1.3%) Thomasville Payroll Development Authority, American Fresh Foods LP, Ser B, RB, 3.360%, 09/01/17 (b) 2,825 2,825 ------ MICHIGAN (1.0%) Michigan Higher Education Student Loan Authority, Ser XVIII-A-1, RB, 3.380%, 09/01/33 (b) 2,300 2,300 ------ WASHINGTON (1.9%) Student Loan Finance Association, Washington Educational Loan, Ser A-7, RB, 3.140%, 06/01/38 (b) 2,250 2,250 Student Loan Finance Association, Washington Educational Loan, Ser A-8, RB, 3.220%, 06/01/38 (b) 2,250 2,250 ------ 4,500 ------ TOTAL TAXABLE MUNICIPAL BONDS (COST $16,325) 16,325 ------ U.S. GOVERNMENT AGENCIES (20.3%) FANNIE MAE (8.5%)
3.220%, 09/06/05 (b) 5,500 5,497 6.790%, 11/01/07 (b) 1,488 1,543 4.200%, 03/24/08, Callable 03/24/06 @ 100 (b) (e) 1,175 1,178 4.500%, 04/01/10 940 941 6.250%, 08/25/30 1,250 1,274 5.074%, 05/01/32 (b) 504 517 3.669%, 08/01/33 (b) 852 844 4.347%, 09/01/33 (b) 1,386 1,406 4.417%, 10/01/33 (b) 1,640 1,689 3.342%, 01/01/34 (b) 1,152 1,155 4.324%, 03/01/34 (b) 1,636 1,628 4.250%, 06/25/43 1,531 1,529 ------ 19,201 ------ FREDDIE MAC (10.1%) 3.184%, 11/07/05 (b) 5,500 5,499 3.750%, 08/03/07, Callable 08/03/05 @ 100 (e) 1,000 997 4.500%, 03/01/08 825 829 4.000%, 05/01/08 1,353 1,346 4.000%, 06/01/08 1,149 1,143 3.875%, 06/15/08 2,500 2,500 5.000%, 05/15/11 39 39 4.000%, 11/15/11 1,014 1,012 3.750%, 12/15/11 983 973 5.000%, 04/15/13 77 77 5.000%, 02/15/14 973 981 4.500%, 05/15/14 (b) 38 38 4.500%, 11/15/15 980 982 5.500%, 12/15/15 121 122 5.000%, 12/15/17 1,098 1,108 3.500%, 05/15/19 609 606 5.000%, 12/15/20 (b) 992 1,003 4.000%, 04/15/21 (b) 928 926 3.500%, 12/15/21 2 2 3.339%, 07/01/33 (b) 34 35 3.674%, 08/01/33 (b) 926 916 4.341%, 03/01/34 (b) 1,108 1,113 5.009%, 04/01/34 (b) 446 449 ------ 22,696 ------ SALLIE MAE (1.3%) 3.610%, 09/15/06 (b) 3,000 3,008 ------ TENNESSEE VALLEY AUTHORITY STRIPS (0.4%) Tennessee Valley Authority, 3.355%, 10/15/05 (c) 900 891 ------ TOTAL U.S. GOVERNMENT AGENCIES (COST $45,950) 45,796 ------ U.S. TREASURY OBLIGATIONS (1.4%) U.S. TREASURY NOTES (1.4%) 3.375%, 02/15/08 (e) 2,000 1,986 2.625%, 05/15/08 1,225 1,190 ------ TOTAL U.S. TREASURY OBLIGATIONS (COST $3,175) 3,176 ------ SHORT-TERM INVESTMENTS (2.7%) CSFB Enhanced Liquidity Portfolio (f) 6,149,279 6,149 ------ TOTAL SHORT-TERM INVESTMENTS (COST $6,149) 6,149 ------
REPURCHASE AGREEMENT (3.9%) Merrill Lynch & Co., Inc., 3.255%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $4,368,466 (collateralized by U.S. Government Agencies; 5.500%, 08/01/33; total market value $4,457,096) 4,368,071 4,368 UBS Warburg LLC, 3.365%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $4,525,833 (collateralized by U.S. Government Agencies; 5.000%, 10/15/34; total market value $4,617,344) 4,525,410 4,525 -------- TOTAL REPURCHASE AGREEMENT (COST $8,893) 8,893 -------- MONEY MARKET FUNDS (0.0%) Dreyfus Government Cash Management Money Market Fund 100,000 100 -------- TOTAL MONEY MARKET FUNDS (COST $100) 100 -------- TOTAL INVESTMENTS (COST $233,893) (A) - 103.4% 233,426 LIABILITIES IN EXCESS OF OTHER ASSETS - (3.4)% (7,764) -------- NET ASSETS - 100.0% $225,662 ========
---------- (a) Cost for federal income tax purposes is $233,893 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $ 124 Unrealized Depreciation.................. (591) ----- Unrealized Appreciation (Depreciation)... $(467) =====
(b) Variable rate security. Rate presented represents rate in effect at June 30, 2005. Maturity date represents actual maturity date. (c) Rate represents the effective yield at purchase. (d) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund's advisor has deemed this security to be liquid based upon procedures approved by the Board of Trustees. (e) This security or a partial position of the security was on loan at June 30, 2005. The total value of securities on loan at June 30, 2005 in thousands was $5,937. (f) This security was purchased with cash collateral held from securities lending. Cl - Class LLC - Limited Liability Corporation LP - Limited Partnership RB - Revenue Bond Ser - Series SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS CLASSIC INSTITUTIONAL TOTAL RETURN BOND FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
PRINCIPAL AMOUNT VALUE --------- ------ ASSET BACKED SECURITIES (2.4%) CREDIT CARD ABS (1.6%) American Express Credit Account Master Trust, Ser 2001-1, Cl A, 3.360%, 09/15/08 (b) $525 $ 526 Chase Issuance Trust, Ser 2005-A1, Cl A1, 3.230%, 12/15/10 (b) 523 523 ------ 1,049 ------ DIVERSIFIED FINANCIAL SERVICES (0.8%) SLM Student Loan Trust, Ser 2005-3, Cl A2, 3.169%, 10/25/13 (b) 523 523 ------ TOTAL ASSET BACKED SECURITIES (COST $1,572) 1,572 ------ CORPORATE BONDS (12.2%) AEROSPACE/DEFENSE (0.2%) United Technologies Corp., 4.875%, 05/01/15 155 159 ------ AIRLINES (0.3%) Southwest Airlines Co., 5.125%, 03/01/17 180 177 ------ AUTO MANUFACTURERS (0.2%) DaimlerChrysler NA Holdings, 8.500%, 01/18/31 95 120 ------ BANKS (0.4%) Bank of America Corp., 7.400%, 01/15/11 220 252 ------ BUILDING MATERIALS (0.2%) American Standard, Inc., 7.625%, 02/15/10 125 140 ------ COMMERCIAL SERVICES (0.3%) ERAC USA Finance Co., 5.600%, 05/01/15 (e) 75 77 R. R. Donnelley & Sons Co., 4.950%, 04/01/14 145 142 ------ 219 ------ COMPUTERS (0.0%) NCR Corp., 7.125%, 06/15/09 30 32 ------ DIVERSIFIED FINANCIAL SERVICES (3.6%) Capital One Financial Corp., 4.800%, 02/21/12 90 90 CIT Group, Inc., 5.125%, 09/30/14 155 158 Citigroup, Inc., 5.125%, 05/05/14 75 78 Citigroup, Inc., 5.850%, 12/11/34 100 111 Ford Motor Credit Co., 7.000%, 10/01/13 195 187 Fund American Cos., Inc., 5.875%, 205 214
05/15/13 Goldman Sachs Group, Inc. (The), 4.750%, 07/15/13 230 230 HSBC Holdings PLC, 7.625%, 05/17/32 (e) 90 118 John Deere Capital Corp., 3.900%, 01/15/08 45 45 JPMorgan Chase & Co., 6.625%, 03/15/12 255 283 Lazard Group LLC, 7.125%, 05/15/15 (e) 335 337 MBNA Corp., 6.125%, 03/01/13 195 212 Merrill Lynch & Co., Inc., 3.700%, 04/21/08 30 30 Merrill Lynch & Co., Inc., 5.000%, 01/15/15 85 87 Morgan Stanley, 5.300%, 03/01/13 280 290 ----- 2,470 ----- ELECTRIC (0.7%) Entergy Gulf States, Inc., 4.875%, 11/01/11, Callable 11/01/06 @ 100 40 40 Exelon Corp., 5.625%, 06/15/35 240 242 Pacific Gas & Electric Co., 6.050%, 03/01/34 165 182 ----- 464 ----- ENTERTAINMENT (0.1%) GTECH Holdings Corp., 4.750%, 10/15/10 45 45 ----- HOME BUILDERS (0.3%) Lennar Corp., 5.950%, 03/01/13 45 48 Pulte Homes, Inc., 4.875%, 07/15/09 75 75 Pulte Homes, Inc., 5.250%, 01/15/14 55 55 ----- 178 ----- INSURANCE (0.3%) MetLife, Inc., 5.000%, 06/15/15 80 81 Prudential Financial, Inc., 3.750%, 05/01/08 45 45 Prudential Financial, Inc., 5.100%, 09/20/14 70 72 ----- 198 ----- INVESTMENT COMPANIES (0.1%) Credit Suisse First Boston USA, Inc., 6.500%, 01/15/12 85 94 ----- LEISURE TIME (0.1%) Harley Davidson Funding, 3.625%, 12/15/08 (e) 55 54 ----- LODGING (0.3%) Harrah's Operating Co., Inc., 5.375%, 12/15/13 60 61 Marriott International, Inc., 4.625%, 06/15/12 115 114 ----- 175 ----- MEDIA (1.1%) Comcast Cable Communications, Inc., 7.125%, 06/15/13 175 201 Comcast Cable Communications, Inc., 7.050%, 03/15/33 25 30
Cox Communications, Inc., 4.625%, 06/01/13 165 160 News America Holdings, Inc., 9.250%, 02/01/13 85 107 News America Holdings, Inc., 6.200%, 12/15/34 50 52 Time Warner, Inc., 7.625%, 04/15/31 155 194 --- 744 --- MINING (0.7%) Alcan, Inc., 5.750%, 06/01/35 80 81 Codelco, Inc., 5.500%, 10/15/13 (e) 205 214 Inco Ltd., 5.700%, 10/15/15 145 151 --- 446 --- MISCELLANEOUS MANUFACTURER (0.6%) General Electric Co., 5.000%, 02/01/13 405 418 --- OIL & GAS (0.3%) Devon Energy Corp., 10.250%, 11/01/05 10 10 Devon Financing Corp. ULC, 7.875%, 09/30/31 50 65 Enterprise Products Operating LP, Ser B, 6.875%, 03/01/33 85 96 Motiva Enterprises LLC, 5.200%, 09/15/12 (e) 25 26 --- 197 --- PACKAGING & CONTAINERS (0.5%) Stone Container Corp., 9.250%, 02/01/08 325 340 --- PIPELINES (0.6%) Centerpoint Energy Resources Corp., Ser B, 7.875%, 04/01/13 165 196 K N Capital Trust III, 7.630%, 04/15/28 105 123 Kinder Morgan, Inc., 7.250%, 03/01/28 40 47 --- 366 --- REITS (0.1%) Simon Property Group LP, 6.375%, 11/15/07 35 37 --- RETAIL (0.1%) Federated Department Stores, Inc., 6.900%, 04/01/29 40 46 --- SAVINGS & LOANS (0.1%) Golden West Financial Corp., 4.125%, 08/15/07 50 50 --- TELECOMMUNICATIONS (1.0%) SBC Communications, Inc., 6.450%, 06/15/34 75 84 Sprint Capital Corp., 8.750%, 03/15/32 165 230 Verizon Global Funding Corp., 7.750%, 12/01/30 105 136 Zeus Special Subsidiary Ltd., 10.204%, 02/01/15, Callable 02/01/10 @ 104.63 (d) (e) (f) 350 233 ---
683 ----- TOTAL CORPORATE BONDS (COST $7,864) 8,104 ----- FOREIGN GOVERNMENT BONDS (5.1%) BRAZIL (1.3%) Republic of Brazil, 9.250%, 10/22/10 190 211 Republic of Brazil, 7.875%, 03/07/15 195 198 Republic of Brazil, 11.000%, 08/17/40, 360 434 ----- Callable 8/17/15 @100 843 ----- CANADA (0.4%) Canada Government, 5.000%, 06/01/14 210 187 Canada Government, 5.750%, 06/01/33 85 86 ----- 273 ----- COLUMBIA (0.2%) Republic of Colombia, 10.750%, 01/15/13 100 122 ----- JAPAN (1.8%) Japan Government, Ser 16, 2.500%, 09/20/34 15,550 150 Japan Government, Ser 227, 0.100%, 12/20/06 32,150 290 Japan Government, Ser 265, 1.500%, 12/20/14 30,150 281 Japan Government, Ser 42, 0.600%, 12/20/09 55,900 509 ----- 1,230 ----- NORWAY (0.4%) Norwegian Government, 6.750%, 01/15/07 1,450 237 Norwegian Government, 5.000%, 05/15/15 170 29 ----- 266 ----- PANAMA (0.4%) Republic of Panama, 7.250%, 03/15/15 180 195 Republic of Panama, 8.875%, 09/30/27 55 66 ----- 261 ----- RUSSIA (0.6%) Russian Federation, 5.000%, 03/31/30 (f) 335 375 ----- TOTAL FOREIGN GOVERNMENT BONDS (COST $3,302) 3,370 ----- U.S. GOVERNMENT AGENCIES (32.1%) FANNIE MAE (14.9%) 5.500%, 07/01/16 181 186 5.000%, 11/01/18 76 77 5.500%, 11/01/18 394 404 4.500%, 12/01/18 277 276 5.500%, 12/01/18 146 150 5.000%, 01/01/19 869 879 5.500%, 07/01/19 247 254 5.500%, 07/01/19 108 111 5.000%, 10/01/19 853 863
5.500%, 12/01/19 143 146 4.500%, 06/16/20 (c) 265 264 6.500%, 07/01/32 528 547 5.500%, 06/01/33 671 680 5.500%, 07/01/33 536 543 5.000%, 11/01/33 776 777 5.500%, 11/01/33 406 412 6.000%, 11/01/33 246 252 5.500%, 01/01/34 733 743 5.500%, 02/01/34 710 720 6.000%, 05/01/34 274 281 6.500%, 11/01/34 897 930 5.500%, 07/15/35 (c) 360 365 ------ 9,860 ------ FREDDIE MAC (15.8%) 4.500%, 01/01/19 515 513 6.000%, 04/01/33 209 215 6.000%, 04/01/33 204 209 6.000%, 07/15/33 (c) 786 806 6.000%, 11/01/33 750 770 6.000%, 11/01/33 920 944 6.000%, 12/01/33 122 125 6.000%, 01/01/34 284 292 6.500%, 05/01/34 175 182 5.000%, 07/01/34 139 139 6.000%, 10/01/34 361 370 5.000%, 12/01/34 1,060 1,062 6.000%, 03/01/35 231 237 6.500%, 05/01/35 1,336 1,383 5.000%, 07/14/35 (c) 1,786 1,785 5.500%, 07/14/35 (c) 1,417 1,436 ------ 10,468 ------ GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (1.4%) 5.500%, 05/15/33 728 743 5.000%, 11/15/34 190 192 ------ 935 ------ TOTAL U.S. GOVERNMENT AGENCIES (COST $21,313) 21,263 ------ U.S. TREASURY OBLIGATIONS (52.1%) U.S. TREASURY BILLS (4.0%) 2.747%, 07/14/05 (d) 2,620 2,617 ------ U.S. TREASURY BONDS (8.2%) 10.750%, 08/15/05 1,908 1,926 5.375%, 02/15/31 2,950 3,481 ------ 5,407 ------ U.S. TREASURY NOTES (39.9%) 1.500%, 07/31/05 1,760 1,758 6.500%, 08/15/05 695 698 2.000%, 08/31/05 535 534 3.500%, 11/15/06 565 564 3.125%, 05/15/07 8,115 8,037 3.500%, 05/31/07 2,630 2,622 6.000%, 08/15/09 5,290 5,748 3.625%, 06/15/10 820 816 4.250%, 08/15/13 4,185 4,290 4.250%, 11/15/14 1,364 1,396 ------ 26,463 ------ TOTAL U.S. TREASURY OBLIGATIONS (COST $34,238) 34,487 ------
REPURCHASE AGREEMENTS (2.7%) Merrill Lynch & Co., Inc., 3.255%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $1,777,684 (collateralized by U.S. Government Agencies, 6.000%, due 5/01/35; total market value $1,814,126) 1,778 1,778 ------- TOTAL REPURCHASE AGREEMENTS (COST $1,778) 1,778 ------- TOTAL INVESTMENTS (COST $70,067) (A) - 106.6% 70,574 LIABILITIES IN EXCESS OF OTHER ASSETS - (6.6)% (4,383) ------- NET ASSETS - 100.0% $66,191 =======
---------- (a) Represents cost for financial reporting purposes. Cost for federal income tax purposes is $70,094 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation .................. $ 646 Unrealized Depreciation .................. (166) ----- Unrealized Appreciation (Depreciation) ... $ 480 =====
(b) Variable rate security. Rate presented represents rate in effect at June 30, 2005. Maturity date represents actual maturity date. (c) This security was purchased on a when-issue basis. (d) Rate represents the effective yield at purchase. (e) 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. (f) Step Bond Cl - Class LLC - Limited Liability Corporation LP - Limited Partnership REIT - Real Estate Investment Trust Ser - Series 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 June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------ ASSET BACKED SECURITIES (6.7%) DIVERSIFIED FINANCIAL SERVICES (6.7%) College Loan Corp. Trust, Ser 2005-1, Cl A1, 3.210%, 01/25/14 (b) $750 $ 751 Collegiate Funding Services Education Loan, Ser 2003-5, Cl A6, 3.000%, 12/28/43 (b) 400 400 Education Loans, Inc., Ser 2003-1, Cl A, 3.030%, 12/01/35 (b) 400 400 KeyCorp Student Loan Trust, Ser 2004-A, Cl 1A1, 3.270%, 04/27/17 (b) 649 648 Nelnet Student Loan Corp., Ser 2002-A, Cl A7, 2.650%, 06/01/35 (b) 450 450 SLM Student Loan Trust, Ser 1998-1, Cl A2, 3.453%, 10/25/11 (b) 938 947 ------ TOTAL ASSET BACKED SECURITIES (COST $3,595) 3,596 ------ TAXABLE MUNICIPAL BONDS (5.0%) CALIFORNIA (0.9%) Chela Financial USA, Inc., Student Loans, Ser 2002E-6, RB, 3.360%, 12/01/37 (b) 500 500 ------ COLORADO (0.7%) Colorado Student Obligation Bond Authority, Student Loan, Ser IV-A1, RB, 3.260%, 12/01/34 (b) 400 400 ------ CONNECTICUT (0.9%) Connecticut Student Loan Foundation, Student Loan, Ser A-4, RB, 3.360%, 06/01/34 (b) 500 500 ------ MICHIGAN (0.9%) Michigan Higher Education Student Loan Authority, Ser XVIII-A-1, RB, 3.380%, 09/01/33 (b) 500 500 ------ WASHINGTON (1.6%) Student Loan Finance Association, Washington Educational Loan, Ser A-7, RB, 3.140%, 06/01/38 (b) 400 400 Student Loan Finance Association, Washington Educational Loan, Ser A-8, RB, 3.220%, 06/01/38 (b) 400 400 ------ 800 ------ TOTAL TAXABLE MUNICIPAL BONDS (COST $2,700) 2,700 ------ U.S. GOVERNMENT AGENCIES (77.7%)
FANNIE MAE (33.3%) 2.975%, 07/06/05 (c) (d) 2,500 2,499 3.220%, 09/06/05 (b) 2,500 2,499 3.297%, 10/07/05 (b) 3,000 3,002 3.250%, 12/09/05 (b) 2,500 2,499 6.942%, 08/01/07 281 294 4.200%, 03/24/08, Callable 03/24/06 @ 100 (d) 280 281 4.500%, 04/01/10 940 941 3.000%, 06/25/19 1,040 1,027 5.074%, 05/01/32 (b) 574 588 3.250%, 11/25/32 395 391 3.669%, 08/01/33 (b) 919 910 4.347%, 09/01/33 (b) 602 611 4.417%, 10/01/33 (b) 703 724 3.342%, 01/01/34 (b) 518 520 4.324%, 03/01/34 (b) 905 900 4.250%, 06/25/43 255 255 ------ 17,941 ------ FEDERAL FARM CREDIT BANK (7.4%) 3.041%, 12/01/06 (b) 2,500 2,499 3.065%, 04/04/07 (b) 1,500 1,502 ------ 4,001 ------ FREDDIE MAC (36.3%) 3.120%, 08/09/05 (c) 2,250 2,242 3.335%, 09/09/05 (b) 2,500 2,501 3.337%, 09/20/05 (c) 2,500 2,481 3.083%, 10/07/05 (b) 1,000 1,000 3.184%, 11/07/05 (b) 2,500 2,500 2.400%, 03/29/07 350 342 3.750%, 08/03/07, Callable 08/03/05 @ 100 (d) 525 523 4.500%, 03/01/08 825 829 4.000%, 05/01/08 258 256 4.000%, 06/01/08 511 508 3.875%, 06/15/08 675 675 5.000%, 05/15/11 47 47 4.000%, 11/15/11 640 639 3.750%, 12/15/11 418 414 5.000%, 04/15/13 153 153 5.000%, 02/15/14 597 602 4.500%, 05/15/14 64 64 5.500%, 12/15/15 272 275 3.500%, 05/15/19 513 510 5.000%, 12/15/20 577 583 4.000%, 04/15/21 274 273 3.500%, 12/15/21 1 1 3.674%, 08/01/33 (b) 926 916 4.341%, 03/01/34 (b) 983 987 5.009%, 04/01/34 (b) 218 219 ------ 19,540 ------ GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (0.1%) 4.000%, 10/20/21 62 62 ------ TENNESSEE VALLEY AUTHORITY STRIPS (0.6%) Tennessee Valley Authority, 3.355%, 10/15/05 (c) 300 297 ------ TOTAL U.S. GOVERNMENT AGENCIES (COST $41,959) 41,841 ------ U.S. TREASURY OBLIGATIONS (1.4%)
U.S. TREASURY NOTES (1.4%) 3.375%, 02/15/08 500 497 2.625%, 05/15/08 275 267 ------- TOTAL U.S. TREASURY OBLIGATIONS (COST $764) 764 ------- SHORT-TERM INVESTMENTS (6.0%) CSFB Enhanced Liquidity Portfolio (e) 3,221,188 3,221 ------- TOTAL SHORT-TERM INVESTMENTS (COST $3,221) 3,221 ------- REPURCHASE AGREEMENT (9.4%) Merrill Lynch & Co., Inc., 3.255%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $2,176,363 (collateralized by U.S. Government Agencies, 5.500%, due 06/01/35; total market value $2,223,982) 2,176 2,176 UBS Warburg LLC, 3.365%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $2,915,593 (collateralized by U.S. Government Agencies, 5.000%, due 10/15/34; total market value $2,977,168) 2,915 2,915 ------- TOTAL REPURCHASE AGREEMENT (COST $5,091) 5,091 ------- MONEY MARKET FUNDS (0.2%) Dreyfus Government Cash Management Money Market Fund 100,000 100 ------- TOTAL MONEY MARKET FUNDS (COST $100) 100 ------- TOTAL INVESTMENTS (COST $57,430) (A) - 106.4% 57,313 LIABILITIES IN EXCESS OF OTHER ASSETS - (6.4)% (3,435) ------- NET ASSETS - 100.0% $53,878 =======
---------- (a) Cost for federal income tax purposes is $57,430 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation .................. $ 38 Unrealized Depreciation .................. (155) ----- Unrealized Appreciation (Depreciation) ... $(117) =====
(b) Variable rate security. Rate presented represents rate in effect at June 30, 2005. Maturity date represents actual maturity date. (c) Rate represents the effective yield at purchase. (d) This security or a partial position of the security was on loan at June 30, 2005. The total value of securities on loan at June 30, 2005 in thousands was $3,153. (e) This security was purchased with cash collateral held from securities lending. Cl - Class RB - Revenue Bond Ser - Series SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FIXED INCOME FUNDS FLORIDA TAX-EXEMPT BOND FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------ MUNICIPAL BONDS (95.0%) FLORIDA (74.6%) Bay County Water System, RB, 5.000%, 09/01/15, AMBAC $1,550 $1,739 Bay County Water System, RB, 5.000%, 09/01/17, Callable 09/01/15 @ 100, AMBAC 1,870 2,079 Bay County Water System, RB, 5.000%, 09/01/18, Callable 09/01/15 @ 100, AMBAC 1,965 2,174 Brevard County School Board, COP, 5.500%, 07/01/17, Callable 07/01/12 @100, AMBAC 1,860 2,077 Brevard County School Board, COP, 5.500%, 07/01/18, Callable 07/01/12 @ 100, AMBAC 3,015 3,367 Brevard County Utility Authority, RB, 5.250%, 03/01/13, Callable 03/01/12 @ 100, FGIC 1,000 1,114 Brevard County Utility Authority, RB, 5.250%, 03/01/14, Callable 03/01/12 @ 100, FGIC 1,000 1,114 Broward County Parks & Land Preservation, GO, 5.000%, 01/01/15 2,500 2,795 Collier County Water & Sewer District, Ser B, RB, 5.500%, 07/01/16, Callable 07/01/13 @ 100, FSA 2,125 2,408 Dade County Aviation Authority, Ser A, RB, 6.000%, 10/01/09, Callable 10/01/05 @ 102, AMBAC 500 514 Daytona Beach Utility Systems Authority, Ser D, RB, 5.250%, 11/15/15, Callable 11/15/12 @ 100, FSA 1,000 1,111 Deerfield Beach Water & Sewer Authority, Refunding & Improvement Project, RB, 6.125%, 10/01/06, FGIC 140 142 Escambia County Sales Tax Authority, RB, 5.250%, 10/01/15, Callable 10/01/12 @ 101, AMBAC 2,165 2,420 Florida State Board of Education, Capital Outlay, GO, 9.125%, 06/01/14, ETM 950 1,257 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 1,074 Florida State Board of Education, Capital Outlay, Public Education Project, 3,000 3,356
Ser B, GO, 5.500%, 06/01/15, Callable 06/01/11 @ 101 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 2,382 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 1,708 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 1,375 Florida State Board of Education, Capital Outlay, Ser C, GO, 7.100%, 06/01/07, Callable 06/01/06 @ 100, ETM 190 191 Florida State Board of Education, Lottery, Ser A, RB, 6.000%, 07/01/12, Callable 07/01/10 @ 101, FGIC 1,295 1,472 Florida State Board of Education, Lottery, Ser A, RB, 5.375%, 07/01/15, Callable 07/01/12 @ 101, FGIC 3,500 3,927 Florida State Board of Education, Lottery, Ser B, RB, 5.500%, 07/01/12, Callable 07/01/10 @ 101, FGIC 4,050 4,541 Florida State Board of Education, Ser A, GO, 5.000%, 01/01/08 3,000 3,158 Florida State Boynton Beach, Utility System Authority, RB, 5.500%, 11/01/16, FGIC 1,310 1,537 Florida State Department of Transportation, Right of Way, Ser A, GO, 5.000%, 07/01/08 3,725 3,954 Florida State Division of Bond Finance, Department of Environmental Protection & Preservation, Ser 2000-A, RB, 5.375%, 07/01/11, Callable 07/01/09 @ 101, FGIC 2,130 2,328 Florida State Housing Financing Authority, Homeowner Mortgage Project, Ser 7, RB, AMT, 5.200%, 01/01/31, Callable 07/01/09 @ 100, FSA 390 395 Greater Orlando Aviation Authority, Airport Facilities, RB, AMT, 5.500%, 10/01/17, FGIC 1,810 2,069 Hillsborough County Community Improvement Tax, RB, 5.000%, 11/01/25, Callable 11/01/13 @ 101, AMBAC 2,345 2,522 Hillsborough County Industrial Development Authority, University Community Hospital Project, RB, 6.500%, 08/15/19, MBIA 145 182 Jacksonville Electric Authority, Electrical Systems Project, Ser 3-A, RB, 5.250%, 10/01/13, Callable 10/01/07 @ 101 1,000 1,064
Jacksonville Health Facilities Authority, Charity Obligation Group, Ser C, RB, 5.750%, 08/15/13, Prerefunded 08/15/11 @ 101 3,090 3,431 Jacksonville Sales Tax, RB, 5.500%, 10/01/13, Callable 10/01/11 @ 100, AMBAC 1,435 1,615 Jacksonville Sales Tax, RB, 5.500%, 10/01/14, Callable 10/01/11 @ 100, AMBAC 1,200 1,345 Jacksonville Sales Tax, RB, 5.500%, 10/01/15, Callable 10/01/11 @ 100, AMBAC 1,550 1,730 JEA Electric System, Ser-3-A, RB, 5.500%, 10/01/41, Prerefunded 10/01/07 @ 100 4,500 4,770 JEA Water & Sewer Systems, Second Crossover, RB, 5.000%, 10/01/24, Callable 10/01/14 @ 100, MBIA 2,000 2,144 Lee County Industrial Development Authority, Bonita Springs Utilities Project, RB, AMT, 5.750%, 11/01/10, Callable 11/01/06 @ 101, MBIA 1,480 1,543 Lee County Memorial Health Systems Hospital, Ser A, RB, 5.750%, 04/01/15, Callable 04/01/12 @ 100, FSA 1,000 1,132 Lee County Transportation Facility Authority, Ser A, RB, 5.500%, 10/01/13, Callable 10/01/11 @ 100, AMBAC 2,000 2,251 Lee County Transportation Facility Authority, Ser A, RB, 5.000%, 10/01/27, Callable 10/01/14 @ 100, AMBAC 6,000 6,441 Manatee County Improvement Project, RB, 5.000%, 10/01/23, Callable 10/01/14 @ 100, FGIC 2,095 2,257 Miami Parking Facilities Authority, RB, 5.250%, 10/01/15, MBIA 1,000 1,135 Naples Water & Sewer, RB, 4.000%, 09/01/05 1,000 1,002 Ocala Capital Improvements, RB, 5.375%, 10/01/17, Callable 10/01/13 @ 100, AMBAC 1,610 1,806 Ocala Capital Improvements, RB, 5.375%, 10/01/18, Callable 10/01/13 @ 100, AMBAC 1,700 1,906 Orange County Health Facilities Authority, Ser C, RB, 6.250%, 10/01/16, MBIA 4,855 5,902 Orange County School Board, Ser A, COP, 5.500%, 08/01/18, Callable 08/01/12 @ 100, MBIA 2,335 2,610 Orange County Tourist Development Tax, RB, 5.500%, 10/01/11, Callable 10/1/09 @ 100, AMBAC 3,030 3,331 Osceola County Tourist Development Tax Authority, Ser A, RB, 5.500%, 10/01/15, Callable 10/01/12 @ 100, FGIC 1,000 1,126 Palm Beach County Criminal Justice 1,865 2,090
Facility, RB, 5.000%, 06/01/15 Palm Beach County Land Acquisition Program, Ser A, GO, 5.375%, 06/01/13, Callable 06/01/11 @ 100 2,260 2,518 Palm Beach County Land Acquisition Program, Ser A, GO, 5.375%, 06/01/14, Callable 06/01/11 @ 100 1,050 1,172 Palm Beach County Land Acquisition Program, Ser A, GO, 5.500%, 06/01/16, Callable 06/01/11 @ 100 1,200 1,339 Palm Beach County School Board Authority, Ser C, COP, 5.500%, 08/01/14, Callable 08/01/12 @ 100, FSA 2,735 3,105 Palm Beach County School Board Authority, Ser C, COP, 5.500%, 08/01/19, Callable 08/01/12 @ 100, FSA 3,305 3,760 Palm Beach County Solid Waste Authority, Ser A, RB, 6.000%, 10/01/09, AMBAC 300 336 Pensacola Airport Authority, Ser A, RB, AMT, 6.250%, 10/01/09, AMBAC 505 562 Pensacola Airport Authority, Ser A, RB, AMT, 6.000%, 10/01/12, Callable 10/01/08 @ 102, MBIA 1,075 1,177 Plant City Utility Systems Authority, Refunding & Improvements Project, RB, 6.000%, 10/01/15, MBIA 400 471 Polk County School District Sales Tax Authority, RB, 5.250%, 10/01/15, Callable 10/01/14 @ 100, FSA 2,000 2,264 Polk County Utility Systems Authority, RB, 6.000%, 10/01/08, FGIC 1,855 1,952 Port Orange Water & Sewer Authority, RB, 5.000%, 10/01/16, Callable 10/01/12 @ 101, AMBAC 1,095 1,203 Reedy Creek Improvements District, Ser 1, RB, 6.000%, 10/01/05, MBIA 2,645 2,667 Tampa Guaranteed Entitlement Authority, RB, 6.000%, 10/01/18, AMBAC 500 585 Tampa Sales Tax Authority, Ser A, RB, 5.375%, 10/01/14, Callable 10/01/11 @ 101, AMBAC 1,640 1,848 Tampa Water & Sewer, RB, 5.000%, 10/01/13, FSA 4,135 4,604 Tampa Water & Sewer, RB, 5.000%, 10/01/15, FSA 2,000 2,245 ------- 142,921 ------- NEW YORK (2.2%) Nassau County Interim Finance Authority Sales Tax, Ser A, RB, 5.000%, 11/15/16, Callable 11/15/15 @ 100, MBIA 3,705 4,134 ------- PUERTO RICO (16.7%) Puerto Rico Commonwealth Highway & Transportation Authority, RB, 5.250%, 07/01/15, Callable 07/01/13 @ 100, 5,860 6,575
FGIC Puerto Rico Commonwealth Highway & Transportation Authority, Ser G, RB, 5.250%, 07/01/15, Callable 07/01/13 @ 100, FGIC 3,000 3,366 Puerto Rico Commonwealth Highway & Transportation Authority, Ser I, RB, 5.000%, 07/01/23, Callable 07/01/14 @ 100, FGIC 4,000 4,328 Puerto Rico Commonwealth Infrastructure Financing Authority, Special Tax, Ser C, RB, 5.500%, 07/01/15, AMBAC 1,000 1,170 Puerto Rico Commonwealth Infrastructure Financing Authority, Special Tax, Ser C, RB, 5.500%, 07/01/17, AMBAC 2,150 2,538 Puerto Rico Commonwealth Municipal Finance Agency, Ser A, RB, 5.250%, 08/01/14, Callable 08/01/12 @ 100, FSA 6,965 7,808 Puerto Rico Commonwealth Municipal Finance Agency, Ser A, RB, 5.250%, 08/01/16, Callable 08/01/12 @ 100, FSA 1,020 1,127 Puerto Rico Commonwealth Tax & Revenue Anticipation Note, 3.000%, 07/29/05 5,000 4,999 -------- 31,911 -------- TEXAS (1.5%) Plano Independent School District, GO, 5.000%, 02/15/16, Callable 02/15/15 @ 100 2,685 2,963 -------- TOTAL MUNICIPAL BONDS (COST $175,906) 181,929 -------- MONEY MARKET FUNDS (4.9%) Federated Tax-Free Obligations Fund 8,516,726 8,517 SEI Tax Exempt Trust, Institutional 877,990 878 Tax Free Fund -------- TOTAL MONEY MARKET FUNDS (COST $9,395) 9,395 -------- TOTAL INVESTMENTS (COST $185,301) (A) - 99.9% 191,324 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.1% 280 -------- NET ASSETS - 100.0% $191,604 ========
---------- (a) Cost for federal income tax purposes is $185,301 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $6,163 Unrealized Depreciation.................. (140) ------ Unrealized Appreciation (Depreciation)... $6,023 ======
AMBAC - Security insured by the American Municipal Bond Assurance Corporation. AMT - Alternative Minimum Tax Paper COP - Certificate of Participation ETM - Escrowed to Maturity FGIC - Security insured by the Financial Guaranty Insurance Company. FSA - Security insured by Financial Security Assurance. GO - General Obligation. MBIA - Security insured by the Municipal Bond Insurance Association. RB - Revenue Bond Ser - Series SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FIXED INCOME FUNDS GEORGIA TAX-EXEMPT BOND FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE ---------- ------ MUNICIPAL BONDS (96.6%) GEORGIA (89.9%) Association County Commissioners of Georgia Leasing Program, Georgia Public Purpose Project, COP, 5.250%, 04/01/21, Callable 04/01/14 @ 102 $2,680 $2,972 Athens Housing Authority, Student Housing Lease Project, RB, 5.250%, 12/01/21, Callable 12/01/12 @ 100, AMBAC 1,000 1,086 Atlanta Airport Passenger Facility Charge, Ser J, RB, 5.000%, 01/01/34, Callable 01/01/15 @ 100, FSA 1,000 1,059 Atlanta Airport Project, Ser A, RB, AMT, 5.375%, 01/01/19, Callable 07/01/14 @ 100, FSA 5,000 5,502 Atlanta Development Authority, Tuff ATDC Project, Ser A, RB, 5.000%, 01/01/35, Callable 01/01/15 @ 100 2,000 2,052 Atlanta Water & Sewer, RB, 5.250%, 01/01/27, Prerefunded 01/01/07 @ 101, FGIC 2,000 2,094 Augusta Water & Sewer Authority, RB, 5.250%, 10/01/34, Callable 10/01/14 @ 100, FSA 1,000 1,096 Brunswick Water & Sewer, Refunding & Improvement Project, RB, 6.100%, 10/01/14, MBIA 1,000 1,183 Burke County Development Authority Pollution Control, Vogtle Project, RB, 2.750%, 10/01/32, (b) 1,260 1,260 Burke County Development Authority, Pollution Control, Vogtle Project, RB, 2.980%, 10/01/32, (b) 5,157 5,157 Carrollton Payroll Development Authority, UWG Campus Center, RB, 5.250%, 08/01/27, Callable 8/01/14 @ 100, MBIA 1,650 1,802 Central Valdosta Development Authority, Lowndes County Judical Project, RB, 5.250%, 06/01/21, Callable 06/01/13 @ 102 1,885 2,076 Clarke County Hospital Authority, Athens Regional Medical Center Project, RB, 5.375%, 01/01/07, MBIA 1,425 1,480 Cobb County Development Authority, Kennesaw State University Project, RB, 5.000%, 07/15/29, Callable 07/15/14 @ 2,250 2,401
100, MBIA Cobb County Development Authority, Kennesaw State University Project, Ser A, RB, 5.000%, 07/15/29, Callable 7/15/14 @ 100, MBIA 2,000 2,135 Cobb-Marietta County Coliseum & Exhibit Hall Project, RB, 5.500%, 10/01/12, MBIA 940 1,053 Columbus Water & Sewer, RB, 5.000%, 05/01/25, Callable 05/01/14 @ 100, MBIA 1,000 1,071 Coweta County Water & Sewer Authority, RB, 5.000%, 06/01/26, Callable 06/01/15 @ 100, AMBAC 1,355 1,457 Dalton Utilities, RB, 6.000%, 01/01/08, MBIA 3,240 3,485 Dekalb County Public Safety & Judicial Facilities Authority, Public Safety & Judicial Facility Project, RB, 5.000%, 12/01/29, Callable 01/01/14 @ 101 1,000 1,073 Dougherty County School District, Sales Tax Authority, GO, 4.000%, 03/01/07 2,000 2,041 Douglasville - Douglas County Water & Sewer Authority, RB, 5.625%, 06/01/15, AMBAC 1,390 1,571 Downtown Savannah Authority, Refunding & Improvement, RB, 5.000%, 01/01/26, Callable 01/01/15 @ 100 1,075 1,153 Forsyth County Hospital Authority, Baptist Health Care System Project, RB, 6.375%, 10/01/28, ETM 1,000 1,301 Fulton County Development Authority, Georgia Tech Athletic Association, RB, 5.000%, 10/01/07, AMBAC 1,000 1,049 Fulton County Development Authority, Molecular Science Building Project, RB, 5.250%, 05/01/22, Callable 05/01/14 @ 100, MBIA 2,370 2,605 Fulton County Development Authority, Molecular Science Building Project, RB, 5.250%, 05/01/27, Callable 05/01/14 @ 100, MBIA 3,375 3,691 Fulton County Water & Sewer, RB, 5.000%, 01/01/24, Callable 01/01/14 @ 100, FGIC 2,000 2,143 Georgia State Municipal Electric Authority, RB, 8.000%, 01/01/15, ETM 1,900 2,506 Georgia State Private College & Universities Facilities Authority, Mercer University Project, RB, 6.400%, 11/01/11, MBIA, ETM 1,675 1,908 Gwinnett County Development Authority, Public Schools Project, COP, 5.250%, 01/01/21, Callable 01/01/14 @ 100, MBIA 2,910 3,190 Gwinnett County Hospital Authority, Gwinnett Hospital Systems Project, Ser B, RB, 5.000%, 10/01/24, Callable 1,250 1,333
10/01/14 @ 100 Gwinnett County Public Schools Project, COP, 5.250%, 01/01/25, Callable 01/01/14 @ 100, MBIA 1,500 1,634 Gwinnett County School District, Ser B, GO, 6.400%, 02/01/07 1,500 1,586 Henry County Hospital Authority, Henry Medical Center Project, RB, 5.500%, 07/01/08, Prerefunded 07/01/07 @ 102, AMBAC 1,640 1,759 Henry County Water & Sewer, RB, 6.150%, 02/01/20, AMBAC 2,100 2,620 Metropolitan Atlanta Rapid Transit Authority, Ser E, RB, 7.000%, 07/01/11, ETM 3,595 4,218 Metropolitan Atlanta Rapid Transit Authority, Ser N, RB, 6.000%, 07/01/07 2,090 2,216 Milledgeville-Baldwin County Development Authority, Georgia College & State University Foundation, RB, 6.000%, 09/01/33, Callable 09/01/14 @ 101 2,355 2,572 Newnan Hospital Authority, Newnan Hospital Project, RB, 5.500%, 01/01/16, Callable 01/01/13 @100, MBIA 2,435 2,718 Newnan Hospital Authority, Newnan Hospital Project, RB, 5.500%, 01/01/17, Callable 01/01/13 @ 100, MBIA 2,570 2,864 Newton County Water Authority, RB, 5.000%, 07/01/23, Callable 07/01/14 @ 100, MBIA 2,475 2,659 Oconee County Industrial Development Authority, OIIT Project, RB, 5.250%, 07/01/23, Callable 07/01/13 @ 100 1,295 1,398 Paulding County School District, GO, 6.000%, 02/01/10, MBIA 1,000 1,125 Paulding County School District, Ser A, GO, 6.625%, 02/01/07 1,000 1,059 Paulding County School District, Ser A, GO, 6.625%, 02/01/08 525 574 Rockdale County Water & Sewer Authority, RB, 5.000%, 07/01/29, Callable 07/01/15 @ 100, FSA 2,000 2,150 Upper Oconee Basin Water Authority, RB, 5.000%, 07/01/26, Callable 07/01/15 @ 100, MBIA 2,000 2,152 Valdosta & Lowndes County Hospital Authority, South Georgia Medical Center Project, RB, 5.250%, 10/01/27, Callable 10/01/12 @ 101, AMBAC 1,110 1,203 Vidalia Water & Sewer, RB, 6.000%, 07/01/07, ETM 605 644 Walker, Dade & Catoosa Counties 1,370 1,469 Hutcheson Medical Project, Ser A, RB, -------- 5.500%, 10/01/08, Callable 10/01/07 @ 102, FSA GUAM (1.1%) 102,605 --------
Guam International Airport Authority, Ser A, RB, AMT, 5.000%, 10/01/06, MBIA 1,250 1,283 -------- PUERTO RICO (5.6%) Puerto Rico Commonwealth Highway & Transportation Authority, Ser AA, RB, 5.000%, 07/01/06 3,000 3,064 Puerto Rico Commonwealth Public Buildings Authority, Government Facilities, Ser I, RB, 5.500%, 07/01/22, Callable 07/01/14 @ 100 3,000 3,311 -------- 6,375 -------- TOTAL MUNICIPAL BONDS (COST $104,913) 110,263 -------- MONEY MARKET FUNDS (2.0%) Federated Tax-Free Obligations Fund 2,096,162 2,096 SEI Tax Exempt Trust, Institutional Tax Free Fund 202,959 203 -------- TOTAL MONEY MARKET FUNDS (COST $2,299) 2,299 -------- TOTAL INVESTMENTS (COST $107,212) (A) - 98.6% 112,562 OTHER ASSETS IN EXCESS OF LIABILITIES - 1.4% 1,609 -------- NET ASSETS - 100.0% $114,171 ========
---------- (a) Cost for federal income tax purposes is $107,212 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $5,405 Unrealized Depreciation.................. (55) ------ Unrealized Appreciation (Depreciation)... $5,350 ======
(b) Variable rate security. Rate presented represents rate in effect at June 30, 2005. Maturity date represents actual maturity date. AMBAC - Security insured by the American Municipal Bond Assurance Corporation. AMT - Alternative Minimum Tax Paper COP - Certificate of Participation ETM - Escrowed to Maturity FGIC - Security insured by the Financial Guaranty Insurance Company. FSA - Security insured by Financial Security Assurance. GO - General Obligation MBIA - Security insured by the Municipal Bond Insurance Association. RB - Revenue Bond Ser - Series SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FIXED INCOME FUNDS HIGH INCOME FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------ CORPORATE BONDS (87.3%) ADVERTISING (3.6%) Bear Creek Corp., 9.000%, 03/01/13, Callable 03/01/09 @ 104.50 (d) $1,500 $1,463 R.H. Donnelley Corp., 8.875%, 12/15/10, Callable 12/15/06 @ 104.438 (d) 250 273 R.H. Donnelley Corp., 10.875%, 12/15/12, Callable 12/15/07 @ 105.44 1,250 1,453 ------ 3,189 ------ AUTO PART & EQUIPMENT (2.2%) Goodyear Tire & Rubber Co., (The), 9.000%, 07/01/15, Callable 07/01/10 @ 104.5 (d) 2,000 1,965 ------ BUILDING MATERIALS (2.4%) Ainsworth Lumber Co. Ltd., 7.250%, 10/01/12, Callable 10/01/08 @ 100.63 1,500 1,429 U.S. Concrete, Inc., 8.375%, 04/01/14, Callable 04/01/09 @ 104.19 750 705 ------ 2,134 ------ CHEMICALS (4.6%) Equistar Chemicals LP, 10.625%, 05/01/11, Callable 05/01/07 @ 105.31 750 828 Huntsman International LLC, 11.625%, 10/15/10, Callable 10/15/07 @ 105.81 1,300 1,522 Lyondell Chemical Co., Ser A, 9.625%, 05/01/07 500 534 Rockwood Specialties Group, Inc., 7.500%, 11/15/14, Callable 11/15/09 @ 103.75 (d) 1,250 1,241 ------ 4,125 ------ COMMERCIAL SERVICES (3.3%) Rural/Metro Corp., 9.875%, 03/15/15, Callable 03/15/10 @ 104.94 (d) 1,250 1,238 United Rentals NA, Inc., 7.750%, 11/15/13, Callable 11/15/08 @ 103.88 1,750 1,719 ------ 2,957 ------ DIVERSIFIED FINANCIAL SERVICES (3.1%) Consolidated Communication, Inc., 9.750%, 04/01/12, Callable 04/01/08 @ 104.88 (d) 250 262 Crystal US Holdings LLC, Ser B, 9.507%, 10/01/14, Callable 10/1/09 @ 105.25 (c) (g) 1,750 1,217 Refco Finance Holdings LLC, 9.000%, 08/01/12, Callable 08/01/08 @ 104.50 170 180
RMCC Acquisition Co., 9.500%, 11/01/12, Callable 11/01/08 @ 104.75 (d) (e) 1,150 1,098 ----- 2,757 ----- ELECTRIC (7.9%) Allegheny Energy Supply Co. LLC, 8.250%, 04/15/12 (d) (e) 55 62 Aquila, Inc., 14.875%, 07/01/12 1,875 2,455 Edison Mission Energy, 10.000%, 08/15/08 (e) 500 561 FPL Energy National Wind, 6.125%, 03/25/19 (d) 250 243 PSEG Energy Holdings LLC, 10.000%, 10/01/09 250 281 Reliant Energy, Inc., 6.750%, 12/15/14, Callable 12/15/09 @ 103.38 (e) 2,080 2,033 Sierra Pacific Resources, 7.803%, 06/15/12, Callable 06/15/09 @ 103.90 160 166 Sithe/Independence Funding Corp., Ser A, 9.000%, 12/30/13 750 807 Teco Energy, Inc., 6.750%, 05/01/15 (d) 45 48 Tenaska Alabama Partners LP, 7.000%, 06/30/21 (d) 200 203 TXU Corp., 4.800%, 11/15/09 (d) 250 245 ----- 7,104 ----- ENTERTAINMENT (2.2%) Seneca Gaming Corp., 7.250%, 05/01/12, Callable 05/01/08 @ 103.63 (d) 90 93 Six Flags, Inc., 9.625%, 06/01/14, Callable 06/01/09 @ 104.81 1,500 1,403 WMG Holdings Corp., 9.530%, 12/15/14, Callable 12/15/09 @ 104.75 (c) (d) (g) 715 493 ----- 1,989 ----- ENVIRONMENT CONTROL (1.7%) Allied Waste Industries, 9.250%, 05/01/21 1,500 1,519 ----- FOOD (1.2%) Swift & Co., 12.500%, 01/01/10, Callable 10/01/06 @ 106.25 1,000 1,116 ----- FOREST PRODUCTS & PAPER (5.6%) Appleton Papers, Inc., 8.125%, 06/15/11, Callable 06/15/08 @ 104.06 500 488 Appleton Papers, Inc., Ser B, 9.750%, 06/15/14, Callable 06/15/09 @ 104.88 1,500 1,447 Boise Cascade Holdings LLC, 6.016%, 10/15/12, Callable 10/15/05 @ 102 (b) (d) 600 606 Georgia-Pacific Corp., 7.375%, 07/15/08 250 266 Neenah Paper, Inc., 7.375%, 11/15/14, Callable 11/15/09 @ 103.69 (d) 1,000 970 NewPage Corp., 12.000%, 05/01/13, Callable 05/01/09 @ 106 (d) (e) 1,250 1,237 ----- 5,014 -----
HEALTHCARE - PRODUCTS (4.4%) Medical Services Co., 10.939%, 10/15/11, Callable 10/15/07 @ 103 (b) (d) 1,000 995 MQ Associates, Inc., 11.105%, 08/15/12, Callable 08/15/08 @ 109 (c) (d) (g) 2,875 1,495 Universal Hospital Services, Inc., 10.125%, 11/01/11, Callable 11/01/07 @ 105.06 1,450 1,465 ------ 3,955 ------ HEALTHCARE - SERVICES (11.6%) Ardent Health Services LLC, 10.000%, 08/15/13, Callable 08/15/08 @ 105 1,750 2,115 DaVita, Inc., 7.250%, 03/15/15, Callable 03/15/10 @ 103.63 (d) (e) 410 421 HCA, Inc., 8.750%, 09/01/10 250 284 HealthSouth Corp., 10.750%, 10/01/08, Callable 08/18/05 @ 105.38 (e) 2,500 2,601 PacifiCare Health Systems, Inc., 10.750%, 06/01/09, Callable 6/1/06 @ 105.38 975 1,073 Radiologix, Inc., Ser B, 10.500%, 12/15/08, Callable 12/15/05 @ 105.25 1,000 1,050 Select Medical Corp., 7.625%, 02/01/15, Callable 02/01/10 @ 103.81 (d) 700 693 US Oncology, Inc., 10.750%, 08/15/14, Callable 08/15/09 @ 105.38 1,900 2,071 ------ 10,308 ------ HOLDING COMPANIES-DIVERSIFIED (0.6%) Leucadia National Corp., 7.000%, 08/15/13 500 500 ------ INSURANCE (4.0%) AFC Capital Trust I, Ser B, 8.207%, 02/03/27 1,000 1,133 Fairfax Financial Holdings Ltd., 7.750%, 04/26/12 (e) 500 475 Fairfax Financial Holdings Ltd., 8.300%, 04/15/26 (e) 1,700 1,454 Markel Capital Trust I, Ser B, 8.710%, 01/01/46, Callable 01/01/07 @ 104.36 500 554 ------ 3,616 ------ LODGING (0.3%) Mandalay Resort Group, Ser B, 10.250%, 08/01/07 (e) 250 275 ------ MACHINERY DIVERSIFIED (1.8%) NMGH Holding Co., 10.000%, 05/15/09, Callable 05/15/06 @ 105 1,500 1,575 ------ MEDIA (7.8%) Dex Media, Inc., 8.502%, 11/15/13, Callable 11/15/08 @ 104.50 (c) (g) 1,500 1,208 Houghton Mifflin Co., 12.307%, 10/15/13 (c) (e) (g) 2,500 1,825 Kabel Deutschland Gmbh, 10.625%, 07/01/14, Callable 07/01/09 @ 105.31 (d) 2,050 2,223
Mediacom LLC, 9.500%, 01/15/13, Callable 01/15/06 @ 104.75 (e) 1,775 1,771 ----- 7,027 ----- MISCELLANEOUS MANUFACTURER (0.3%) Koppers, Inc., 9.875%, 10/15/13, Callable 10/15/08 @ 104.94 250 270 ----- OIL & GAS (0.2%) Compagnie Generale de Geophysique SA, 7.500%, 05/15/15, Callable 05/15/10 @ 103.75 (d) 150 156 ----- PACKAGING & CONTAINERS (3.0%) Berry Plastics Corp., 10.750%, 07/15/12, Callable 07/15/07 @ 105.38 (e) 500 546 Crown Euro Holdings SA, 9.500%, 03/01/11, Callable 03/01/07 @ 104.75 500 552 Plastipak Holdings, Inc., 10.750%, 09/01/11, Callable 09/01/06 @ 105.38 1,000 1,102 Stone Container Corp., 9.250%, 02/01/08 500 523 ----- 2,723 ----- PIPELINES (1.9%) Dynegy Holdings, Inc., 10.125%, 07/15/13, Callable 07/15/08 @ 105.06 (d) 1,500 1,695 ----- REAL ESTATE (1.6%) American Real Estate Partners LP, 7.125%, 02/15/13, Callable 02/15/09 @ 103.56 (d) 1,000 980 CB Richard Ellis Group, Inc., 9.750%, 05/15/10, Callable 05/15/07 @ 104.88 413 458 ----- 1,438 ----- REITS (0.5%) Host Marriott LP, Ser G, 9.250%, 10/01/07 250 270 Ventas Realty LP, 6.750%, 06/01/10 (d) 75 78 Ventas Realty LP, 7.125%, 06/01/15, Callable 06/01/10 @ 103.56 (d) 95 99 ----- 447 ----- RETAIL (1.5%) Carrols Holdings Corp., 9.000%, 01/15/13, Callable 01/15/09 @ 104.50 (d) 1,100 1,114 United Auto Group, Inc., 9.625%, 03/15/12, Callable 03/15/07 @ 104.81 235 251 ----- 1,365 ----- TELECOMMUNICATIONS (10.0%) Citizens Communications Co., 9.250%, 05/15/11 1,000 1,115 Citizens Communications Co., 9.000%, 08/15/31 1,000 1,025 MCI, Inc., 7.688%, 05/01/09, Callable 05/01/06 @ 102.84 500 521 Nextel Communications, Inc., 7.375%, 08/01/15, Callable 08/01/08 @ 103.69 250 270 PanAmSat Holdings Corp., 9.000%, 250 273
08/15/14, Callable 08/15/09 @ 104.50 Qwest Communications International, Inc., 7.250%, 02/15/11, Callable 02/15/08 @ 103.62 (d) (e) 1,000 968 Qwest Corp., 8.875%, 06/01/31, Callable 08/22/05 @ 104.73 1,500 1,514 Rogers Wireless, Inc., 7.250%, 12/15/12 185 200 Rogers Wireless, Inc., 6.375%, 03/01/14 1,000 1,018 Valor Telecommunications Group, Inc., 7.750%, 02/15/15, Callable 02/15/10 @ 103.88 (d) (e) 1,000 983 Zeus Special Subsidiary Ltd., 12.407%, 02/01/15, Callable 02/01/10 @ 104.63 (c) (d) (e) (g) 1,500 1,001 -------- 8,888 -------- TOTAL CORPORATE BONDS (COST $77,784) 78,107 -------- PREFERRED STOCK (2.7%) MEDIA (2.7%) Primedia, Inc., Ser H 25,000 2,456 -------- TOTAL PREFERRED STOCK (COST $2,375) 2,456 -------- YANKEE DOLLAR (2.3%) FOOD (1.2%) Burns, Philp Capital Property Ltd., 9.750%, 07/15/12, Callable 07/15/07 @ 104.88 1,000 1,075 -------- TELECOMMUNICATIONS (1.1%) National Cable PLC, 8.141%, 10/15/12, Callable 08/19/05 @ 103 (b) (d) 1,000 1,030 -------- TOTAL YANKEE DOLLAR (COST $2,025) 2,105 -------- SHORT-TERM INVESTMENTS (18.1%) CSFB Enhanced Liquidity Portfolio (f) 16,240,158 16,240 -------- TOTAL SHORT-TERM INVESTMENTS (COST $16,240) 16,240 -------- REPURCHASE AGREEMENTS (3.9%) Merrill Lynch & Co., Inc., 3.255%, dated 06/30/05, to be repurchased 07/01/05, repurchase price $3,522,420 (collateralized by U.S. Government Agencies, 5.0000%, due 08/01/33; total market value $3,595,471) 3,522 3,522 -------- TOTAL REPURCHASE AGREEMENTS (COST $3,522) 3,522 -------- TOTAL INVESTMENTS (COST $101,946) (A) - 114.3% 102,430 LIABILITIES IN EXCESS OF OTHER ASSETS - (14.3)% (12,852) -------- NET ASSETS - 100.0% $ 89,578 ========
---------- (a) Represents cost for financial reporting purposes. Cost for federal income tax purposes is $101,954 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $ 1,889 Unrealized Depreciation.................. (1,413) ------- Unrealized Appreciation (Depreciation)... $ 476 =======
(b) Variable rate security. Rate presented represents rate in effect at June 30, 2005. Maturity date represents actual maturity date. (c) Rate represents the effective yield at purchase. (d) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund's advisor has deemed this security to be liquid based upon procedures approved by the Board of Trustees. (e) This security or a partial position of the security was on loan at June 30, 2005. The total value of securities on loan at June 30, 2005 in thousands was $15,582. (f) This security was purchased with cash collateral held from securities lending. (g) Step bond. LLC - Limited Liability Corporation LP - Limited Partnership REIT - Real Estate Investment Trust Ser - Series SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FIXED INCOME FUNDS INVESTMENT GRADE BOND FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------ ASSET BACKED SECURITIES (0.2%) CREDIT CARD ABS (0.2%) Citibank Credit Card Issuance Trust, Ser 2008-A7, Cl A7, 4.150%, 07/07/17 (b) $1,000 $ 985 ------ TOTAL ASSET BACKED SECURITIES (COST $905) 985 ------ COLLATERALIZED MORTGAGE OBLIGATIONS (0.3%) Wells Fargo, Ser 2003-J, Cl 1A4, 4.624%, 10/25/33 2,000 1,913 ------ TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (COST $1,952) 1,913 ------ CORPORATE BONDS (25.1%) AEROSPACE/DEFENSE (0.5%) United Technologies Corp., 4.875%, 05/01/15 3,065 3,135 ------ AIRLINES (0.6%) Southwest Airlines Co., 5.125%, 03/01/17 3,565 3,496 ------ AUTO MANUFACTURERS (0.4%) DaimlerChrysler NA Holdings, 8.500%, 01/18/31 1,925 2,439 ------ BANKS (0.7%) Bank of America Corp., 7.400%, 01/15/11 3,885 4,446 ------ BUILDING MATERIALS (0.4%) American Standard, Inc., 7.625%, 02/15/10 2,165 2,419 ------ COMMERCIAL SERVICES (0.7%) ERAC USA Finance Co., 5.600%, 05/01/15 (c) 1,480 1,529 R. R. Donnelley & Sons Co., 4.950%, 04/01/14 2,905 2,841 ------ 4,370 ------ COMPUTERS (0.1%) NCR Corp., 7.125%, 06/15/09 560 606 ------ DIVERSIFIED FINANCIAL SERVICES (8.4%) Capital One Financial Corp., 4.800%, 02/21/12 2,230 2,219 CIT Group, Inc., 5.125%, 09/30/14 3,120 3,171 Citigroup, Inc., 5.125%, 05/05/14 (d) 2,175 2,269 Citigroup, Inc., 5.850%, 12/11/34 1,905 2,106 Ford Motor Credit Co., 7.000%, 10/01/13 3,895 3,737
Fund American Cos., Inc., 5.875%, 05/15/13 4,150 4,322 Goldman Sachs Group, Inc. (The), 4.750%, 07/15/13 4,510 4,506 HSBC Holdings PLC, 7.625%, 05/17/32 (c) 1,935 2,542 John Deere Capital Corp., 3.900%, 01/15/08 995 989 JPMorgan Chase & Co., 6.625%, 03/15/12 5,105 5,683 Lazard Group LLC, 7.125%, 05/15/15 (c) 6,730 6,788 MBNA Corp., 7.500%, 03/15/12 1,165 1,358 MBNA Corp., 6.125%, 03/01/13 2,470 2,692 Merrill Lynch & Co., Inc., 3.700%, 04/21/08 775 766 Merrill Lynch & Co., Inc., 5.000%, 01/15/15 2,135 2,186 Morgan Stanley, 5.300%, 03/01/13 5,615 5,835 ------ 51,169 ------ ELECTRIC (1.7%) Entergy Gulf States, Inc., 4.875%, 11/01/11, Callable 11/01/06 @ 100 1,680 1,671 Exelon Corp., 5.625%, 06/15/35 4,855 4,894 Pacific Gas & Electric Co., 6.050%, 03/01/34 3,160 3,483 ------ 10,048 ------ ENTERTAINMENT (0.2%) GTECH Holdings Corp., 4.750%, 10/15/10 1,065 1,060 ------ HOME BUILDERS (0.6%) Lennar Corp., 5.950%, 03/01/13 995 1,057 Pulte Homes, Inc., 4.875%, 07/15/09 1,560 1,562 Pulte Homes, Inc., 5.250%, 01/15/14 1,130 1,130 ------ 3,749 ------ INSURANCE (1.1%) MetLife, Inc., 5.000%, 06/15/15 1,560 1,583 Monumental Global Funding, 5.200%, 01/30/07 (c) 2,565 2,613 Prudential Financial, Inc., 3.750%, 05/01/08 1,055 1,046 Prudential Financial, Inc., 5.100%, 09/20/14 1,650 1,698 ------ 6,940 ------ INVESTMENT COMPANIES (0.4%) Credit Suisse First Boston USA, Inc., 6.500%, 01/15/12 1,950 2,167 ------ LEISURE TIME (0.2%) Harley Davidson Funding, 3.625%, 12/15/08 (c) 1,155 1,134 ------ LODGING (0.6%) Harrah's Operating Co., Inc., 5.375%, 12/15/13 1,240 1,258 Marriott International, Inc., 4.625%, 06/15/12 2,275 2,253 ------ 3,511 ------ MEDIA (2.2%)
Comcast Cable Communications, Inc., 7.125%, 06/15/13 3,550 4,068 Comcast Cable Communications, Inc., 7.050%, 03/15/33 480 567 Cox Communications, Inc., 4.625%, 06/01/13 1,860 1,806 News America Holdings, Inc., 9.250%, 02/01/13 1,705 2,155 News America Holdings, Inc., 6.200%, 12/15/34 1,015 1,065 Time Warner, Inc., 7.625%, 04/15/31 3,105 3,878 ------- 13,539 ------- MINING (1.2%) Alcan, Inc., 5.750%, 06/01/35 1,585 1,612 Codelco, Inc., 5.500%, 10/15/13 2,275 2,376 Inco Ltd., 5.700%, 10/15/15 2,900 3,019 ------- 7,007 ------- MISCELLANEOUS MANUFACTURER (1.4%) General Electric Co., 5.000%, 02/01/13 8,105 8,368 ------- OIL & GAS (0.7%) Devon Energy Corp., 10.250%, 11/01/05 255 260 Devon Financing Corp. ULC, 7.875%, 09/30/31 1,190 1,548 Enterprise Products Operating LP, Ser B, 6.875%, 03/01/33 1,490 1,679 Motiva Enterprises LLC, 5.200%, 09/15/12 (c) 955 985 ------- 4,472 ------- PIPELINES (0.9%) Centerpoint Energy Resources Corp., Ser B, 7.875%, 04/01/13 2,185 2,595 K N Capital Trust III, 7.630%, 04/15/28 1,770 2,072 Kinder Morgan, Inc., 7.250%, 03/01/28 850 1,008 ------- 5,675 ------- REITS (0.1%) Simon Property Group LP, 6.375%, 11/15/07 775 809 ------- RETAIL (0.2%) Federated Department Stores, Inc., 6.900%, 04/01/29 (d) 800 927 ------- SAVINGS & LOANS (0.3%) Golden West Financial Corp., 4.125%, 08/15/07 1,605 1,609 ------- TELECOMMUNICATIONS (1.5%) SBC Communications, Inc., 6.450%, 06/15/34 (d) 1,495 1,681 Sprint Capital Corp., 8.750%, 03/15/32 3,270 4,549 Verizon Global Funding Corp., 7.750%, 12/01/30 (d) 2,150 2,776 ------- 9,006 ------- TOTAL CORPORATE BONDS (COST $147,356) 152,101 -------
U.S. GOVERNMENT AGENCIES (5.8%) FANNIE MAE (1.5%) 3.250%, 02/15/09 1,000 977 3.800%, 07/14/10, Callable 07/14/05 @100 500 492 5.125%, 01/02/14 500 521 5.500%, 11/08/16, Callable 11/08/06 @ 100 1,250 1,271 6.250%, 02/28/17, Callable 02/28/07 @ 100 600 622 6.200%, 06/13/17, Callable 06/13/07 @ 100 1,000 1,038 5.750%, 11/07/17, Callable 11/07/05 @100 2,500 2,516 5.100%, 06/26/18, Callable 08/01/05 @ 100 1,500 1,480 5.500%, 04/23/24, Callable 08/01/05 @ 100 250 250 ------ 9,167 ------ FEDERAL HOME LOAN BANK (1.3%) 2.739%, 03/03/08 (b) 2,500 2,500 3.040%, 03/24/08, Callable 12/24/05 @100 (b) 2,000 1,975 4.400%, 03/30/11, Callable 03/30/06 @ 100 1,000 997 5.250%, 12/10/13, Callable 09/10/05 @ 100 1,250 1,252 5.000%, 05/08/18, Callable 08/08/05 @ 100 1,000 1,001 ------ 7,725 ------ FREDDIE MAC (2.2%) 7.000%, 05/01/07 8 8 4.050%, 11/17/09, Callable 11/17/05 @ 100 700 699 6.250%, 06/25/10, Callable 06/25/07 @ 100 1,000 1,043 4.650%, 08/27/10, Callable 08/27/05 @ 100 500 500 4.500%, 12/16/10, Callable 12/16/05 @ 100 1,000 998 6.375%, 08/01/11, Callable 08/01/06 @ 100 3,000 3,066 4.650%, 10/10/13, Callable 10/10/06 @ 100 1,000 996 6.000%, 06/27/17, Callable 06/27/07 @ 100 1,000 1,035 5.550%, 10/30/17, Callable 07/27/05 @ 100 1,000 1,000 5.200%, 03/05/19, Callable 03/05/09 @ 100 1,200 1,218 5.000%, 06/01/19 1,693 1,713 5.000%, 07/01/19 817 826 ------ 13,102 ------ GINNIE MAE (0.8%) 7.000%, 04/15/13 355 373 7.000%, 08/15/14 178 187 4.500%, 05/15/19 879 881 4.500%, 05/15/19 875 877
7.000%, 05/15/31 100 105 5.500%, 09/15/32 1,009 1,033 5.500%, 09/15/33 659 674 5.500%, 11/15/33 918 939 --------- 5,069 --------- TOTAL U.S. GOVERNMENT AGENCIES (COST $34,738) 35,063 --------- U.S. TREASURY OBLIGATIONS (67.0%) U.S. TREASURY BONDS (9.3%) 5.375%, 02/15/31 (d) 47,570 56,133 --------- U.S. TREASURY NOTES (57.7%) 1.500%, 07/31/05 1,805 1,803 3.500%, 11/15/06 (d) 57,560 57,495 3.125%, 05/15/07 (d) 81,635 80,863 3.500%, 05/31/07 (d) 49,455 49,304 3.750%, 05/15/08 (d) 3,580 3,588 3.125%, 04/15/09 (d) 4,485 4,395 6.000%, 08/15/09 (d) 63,105 68,565 3.625%, 06/15/10 (d) 20,600 20,510 4.250%, 08/15/13 (d) 62,165 63,719 --------- 350,242 --------- TOTAL U.S. TREASURY OBLIGATIONS (COST $402,106) 406,375 --------- SHORT-TERM INVESTMENTS (47.5%) CSFB Enhanced Liquidity Portfolio (e) 288,231,203 288,231 --------- TOTAL SHORT-TERM INVESTMENTS (COST $288,231) 288,231 --------- REPURCHASE AGREEMENTS (1.7%) Morgan Stanley, 3.355%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $10,255,512 (collateralized by U.S. Government Agencies, 8.000%-8.500%, due 06/01/12-05/01/30; total market value $10,519,008) 10,255 10,255 --------- TOTAL REPURCHASE AGREEMENTS (COST $10,255) 10,255 --------- TOTAL INVESTMENTS (COST $885,543) (A) - 147.6% 894,923 LIABILITIES IN EXCESS OF OTHER ASSETS - (47.6)% (288,593) --------- NET ASSETS - 100.0% $ 606,330 =========
---------- (a) Represents cost for financial reporting purposes. Cost for federal income tax purposes is $886,930 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $ 9,505 Unrealized Depreciation.................. (1,512) ------- Unrealized Appreciation (Depreciation)... $ 7,993 =======
(b) Variable rate security. Rate presented represents rate in effect at June 30, 2005. Maturity date represents actual maturity date. (c) 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. (d) This security or a partial position of the security was on loan at June 30, 2005. The total value of securities on loan at June 30, 2005 in thousands was $280,181. (e) This security was purchased with cash collateral held from securities lending. Cl - Class LLC - Limited Liability Corporation LP - Limited Partnership REIT - Real Estate Investment Trust Ser - Series SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FIXED INCOME FUNDS INVESTMENT GRADE TAX-EXEMPT BOND FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------- MUNICIPAL BONDS (100.84%) ALABAMA (6.61%) Alabama Public School & College Authority, Capital Improvements, Ser C, RB, 5.750%, 07/01/17, Callable 07/01/09 @ 101.50 $ 3,950 $ 4,370 Alabama Water Pollution Control Authority, RB, 5.750%, 08/15/12, Callable 08/15/09 @ 100, AMBAC 5,205 5,724 Auburn University, Ser A, RB, 6.000%, 06/01/16, Callable 06/01/11 @ 100, MBIA 4,060 4,656 Huntsville, Ser A, GO, 5.625%, 05/01/16, Callable 05/01/12 @ 102 2,375 2,712 Huntsville, Ser A, GO, 5.750%, 05/01/19, Callable 05/01/12 @ 102 2,800 3,213 ------- 20,675 ------- ALASKA (1.87%) Anchorage Alaska, Ser D, GO, 5.000%, 06/01/18, Callable 06/01/15 @100, MBIA 5,330 5,854 ------- ARIZONA (2.52%) Arizona Water Infrastructure Finance Authority, Water Quality, Ser A, RB, 5.625%, 10/01/12, Callable 10/01/09 @ 101 3,280 3,628 Phoenix Civic Improvement Corp., Wastewater System, RB, 5.000%, 07/01/17, Callable 07/01/14 @ 100, MBIA 3,860 4,247 ------- 7,875 ------- CALIFORNIA (14.01%) California State, GO, 5.500%, 11/01/33, Callable 11/01/13 @ 100 11,000 12,258 Fresno Unified School District, Ser A, GO, 6.550%, 08/01/20, Callable 02/01/13 @ 103, MBIA 1,950 2,384 Los Angeles Department of Water & Power, Ser A, RB, 5.000%, 07/01/18, Callable 07/01/13 @ 100 13,990 15,311 Oakland Joint Powers Financing Authority, RB, 5.000%, 06/15/17, Callable 06/15/15 @ 100 4,000 4,423 Orange County Loma Ridge/Data Center Project, COP, 6.000%, 06/01/21, Prerefunded 06/01/19 @ 100, AMBAC 2,075 2,485 San Diego County & School District, 2,000 2,001
Ser A, TAN & RAN, 3.250%, 07/25/05 Santa Barbara County, Ser A, TAN & RAN, 3.000%, 07/26/05 5,000 5,001 ------ 43,863 ------ COLORADO (3.87%) Douglas County School District No. RE1, Douglas & Ebert Counties, GO, 5.750%, 12/15/20, Callable 12/15/14 @ 100, FGIC 2,540 2,961 Metro Wastewater Reclamation District, RB, 5.450%, 04/01/12, Callable 04/01/08 @ 100 2,570 2,734 Westminster, Sales & Use Tax Project, Ser A, RB, 5.600%, 12/01/16, Callable 12/01/07 @ 102 5,940 6,401 ------ 12,096 ------ CONNECTICUT (0.71%) University of Connecticut, Ser A, GO, 5.000%, 01/15/13, MBIA 2,000 2,224 ------ FLORIDA (6.28%) Florida State Board of Education, Ser A, GO, 5.000%, 01/01/08 5,000 5,263 Lee County Transportation Facility Authority, Ser A, RB, 5.000%, 10/01/27, Callable 10/01/14 @ 100, AMBAC 1,000 1,073 Miami-Dade County School District, GO, 5.000%, 08/01/05, MBIA 4,420 4,428 Palm Beach County School Board, Ser C, COP, 5.500%, 08/01/15, FSA 2,825 3,214 Tampa Water & Sewer, RB, 5.000%, 10/01/16, Callable 10/01/15 @ 100, FSA 5,070 5,665 ------ 19,643 ------ GEORGIA (1.15%) Forsyth County School District, GO, 5.000%, 02/01/15, MBIA 3,200 3,584 ------ ILLINOIS (2.96%) Chicago O'Hare International Airport, 3rd. Lien, Ser A, RB, 5.000%, 01/01/09, MBIA 3,000 3,194 Granite City, Madison County Disposal, Waste Management, Inc. Project, RB, AMT, 3.850%, 05/01/27, Mandatory Put 05/01/08 @ 100 2,500 2,495 Illinois State Sales Tax, Ser X, RB, 5.500%, 06/15/13, Callable 06/15/07 @ 101 3,390 3,588 ------ 9,277 ------ INDIANA (1.48%) Indiana Health Facility Financing Authority, Community Hospital Project, Ser A, RB, 5.000%, 05/01/18, Callable 05/01/15 @ 100, AMBAC 4,280 4,636 ------ IOWA (0.73%) Des Moines Public Parking System, Ser A, RB, 6.375%, 06/01/18, Callable 06/01/10 @ 100, FGIC 2,005 2,299 ------ KENTUCKY (1.79%)
Kentucky State Turnpike Authority, Revitalization Project, Ser B, RB, 5.000%, 07/01/15, AMBAC 5,000 5,593 ------ MASSACHUSETTS (0.05%) Massachusetts Water Pollution Abatement Trust, Pool Program, Ser 6, RB, 5.625%, 08/01/16, Callable 08/01/10 @ 101 145 162 ------ MICHIGAN (1.18%) Michigan Municipal Bond Authority, Clean Water State Revolving Fund, RB, 5.375%, 10/01/17, Callable 10/01/12 @ 100 3,300 3,679 ------ MISSOURI (3.15%) Missouri State Highways & Transit Commission, Ser A, RB, 5.625%, 02/01/18, Callable 02/01/11 @ 100 8,885 9,854 ------ NEVADA (1.70%) Nevada State, Capital Improvements, Ser B, GO, 5.250%, 06/01/10, Prerefunded 06/01/08 @ 100 5,000 5,333 ------ NEW JERSEY (5.33%) Elizabeth, GO, 5.250%, 08/15/08, MBIA 2,595 2,777 Garden State Preservation Trust Open Space & Farmland Preservation, Ser A, RB, 5.800%, 11/01/19, Callable 11/01/15 @ 100 2,000 2,326 Garden State Preservation Trust, Open Space & Farmland Preservation, Ser A, RB, 5.800%, 11/01/20, Callable 11/01/15 @100, FSA 10,000 11,573 ------ 16,676 ------ NEW YORK (15.88%) Buffalo School Improvements, Ser D, GO, 5.500%, 12/15/14, Callable 12/15/11 @ 100, FGIC 1,075 1,208 Metropolitan Transportation Authority, Ser G-1, RB, 2.500%, 11/01/26, AMBAC (b) 12,700 12,700 Nassau County Interim Finance Authority, Sales Tax, Ser A, RB, 5.000%, 11/15/16, Callable 11/15/15 @ 100, MBIA 4,000 4,463 New York City, Ser A, GO, 6.250%, 08/01/08, Callable 08/01/06 @ 101.5, MBIA 11,000 11,555 Tobacco Settlement Financing Corp., Ser A1, RB, 5.000%, 06/01/10, Callable 06/01/06 @ 100 35 35 Tobacco Settlement Financing Corp., Ser A1, RB, 5.250%, 06/01/13, Callable 06/01/08 @ 100 10,000 10,587 Tobacco Settlement Financing Corp., Ser A1, RB, 5.500%, 06/01/14, Callable 06/01/09 @ 100 2,000 2,175 Tobacco Settlement Financing Corp., Ser C1, RB, 5.250%, 06/01/12, Callable 6,720 6,999 ------
06/01/07 @ 100 49,722 ------ NORTH CAROLINA (1.37%) Charlotte, Ser 2005, GO, 5.000%, 06/01/15 3,795 4,283 ------ OHIO (0.50%) Ohio State Water Development Authority, Fresh Water Improvement Project, RB, 5.700%, 06/01/08, Callable 06/01/06 @ 101, AMBAC 1,520 1,554 ------ OKLAHOMA (0.89%) Oklahoma State Water Resource Board, Revolving Fund, RB, 5.000%, 04/01/13 2,500 2,779 ------ PENNSYLVANIA(0.72%) Pennsylvania State Turnpike Commission, Registration Fee, RB, 5.375%, 07/15/14, Callable 07/15/2011 @ 101, AMBAC 2,000 2,238 ------ PUERTO RICO (11.21%) Puerto Rico Commonwealth Electric Power Authority, Ser RR, RB, 5.000%, 07/01/23, Callable 07/01/15 @ 100, FGIC 6,500 7,093 Puerto Rico Commonwealth Government Development Bank, RB, 2.140%, 12/01/15, (b) 9,000 9,000 Puerto Rico Commonwealth Highway & Transportation Authority, RB, 5.250%, 07/01/15, Callable 07/01/13 @ 100, FGIC 5,000 5,610 Puerto Rico Commonwealth Highway & Transportation Authority, RB, 5.250%, 07/01/17, Callable 07/01/13 @ 100, FGIC 5,260 5,867 Puerto Rico Commonwealth Highway & Transportation Authority, Ser G, RB, 5.250%, 07/01/15, Callable 07/01/13 @ 100, FGIC 2,720 3,052 Puerto Rico Commonwealth Municipal Finance Agency, Ser A, RB, 5.250%, 08/01/14, Callable 08/01/12 @ 100, FSA 4,000 4,484 ------ 35,106 ------ SOUTH CAROLINA (1.78%) Clemson University, RB, 6.250%, 05/01/15, Callable 05/01/09 @ 101, AMBAC 2,725 3,062 Richland County School District No. 001, GO, 5.000%, 03/01/18, Callable 03/01/15 @ 100, FSA 2,280 2,513 ------ 5,575 ------ TEXAS (9.58%) Harris County Flood Control District, 2,375 2,588 Ser A, GO, 5.000%, 10/01/10 Irving Waterworks & Sewer, RB, 5.950%, 06/15/19, Callable 06/15/09 @ 100.50 1,460 1,617 North Harris County Regional Water 2,690 2,993
Authority, RB, 5.250%, 12/15/18, Callable 12/15/14 @ 100, MBIA Plano Independent School District, GO, 5.000%, 02/15/16, Callable 02/15/15 @100 3,000 3,311 Plano Independent School District, GO, 5.000%, 02/15/17, Callable 02/15/15 @100 5,000 5,501 Richardson Texas, GO, 5.250%, 02/15/17, Callable 02/15/15 @ 100, MBIA 2,665 2,985 Texas State, TAN & RAN, 3.000%, 08/31/05 11,000 11,007 -------- 30,002 -------- WASHINGTON (2.16%) Kitsap County School District No. 400 North Kitsap, GO, 5.125%, 12/01/17, Callable 12/01/15 @ 100, FSA 5,055 5,651 Snohomish County School District No 4 Lake Stevens, GO, 5.125%, 12/01/16, Callable 12/01/15 @ 100, FGIC 1,000 1,121 -------- 6,772 -------- WISCONSIN (1.36%) Franklin Solid Waste Disposal, Waste Management, RB, AMT., 3.625%, 04/01/16, Mandatory Put 05/01/06 @100 4,250 4,248 -------- TOTAL MUNICIPAL BONDS (COST $309,853) 315,602 -------- MONEY MARKET FUNDS (9.13%) Federated Tax-Free Obligations Fund 14,226,152 14,226 SEI Tax Exempt Trust, Institutional Tax Free Fund 14,337,043 14,337 -------- TOTAL MONEY MARKET FUNDS (COST $28,563) 28,563 -------- REPURCHASE AGREEMENTS (1.37%) Merrill Lynch & Co., Inc., 3.255%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $4,301,645 (collateralized by U.S. Government Agencies, 5.000% - 6.000%, due 05/01/19 - 07/01/35: total market value $4,387,651) 4,301 4,301 -------- TOTAL REPURCHASE AGREEMENTS (COST $4,301) 4,301 -------- TOTAL INVESTMENTS (COST $342,717) (A) - 111.34% 348,466 LIABILITIES IN EXCESS OF OTHER ASSETS - (11.34)% (35,504) -------- NET ASSETS - 100.00% $312,962 ========
---------- (a) Cost for federal income tax purposes is $342,717 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $5,852 Unrealized Depreciation.................. (103) ------ Unrealized Appreciation (Depreciation)... $5,749 ======
(b) Variable rate security. Rate presented represents rate in effect at June 30, 2005. Maturity date represents actual maturity date. AMBAC - Security insured by the American Municipal Bond Assurance Corporation. AMT - Alternative Minimum Tax Paper COP - Certificate of Participation FGIC - Security insured by the Financial Guaranty Insurance Company. FSA - Security insured by Financial Security Assurance. GO - General Obligation MBIA - Security insured by the Municipal Bond Insurance Association. RAN - Revenue Anticipation Note. RB - Revenue Bond Ser - Series TAN - Tax Anticipation Note. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FIXED INCOME FUNDS LIMITED-TERM FEDERAL MORTGAGE SECURITIES FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- -------- U.S. GOVERNMENT AGENCIES (95.5%) FANNIE MAE (69.1%) 5.500%, 02/15/06 (c) $15,250 $ 15,415 6.500%, 12/01/08 3,604 3,771 7.125%, 06/15/10 (c) 7,000 7,958 3.500%, 04/25/11 21,235 21,038 7.500%, 09/01/12 6,838 7,229 6.500%, 06/01/13 682 710 6.000%, 09/01/13 1,309 1,354 4.000%, 11/01/13 11,294 11,241 4.500%, 03/01/14 19,028 19,107 6.000%, 09/01/16 8,919 9,230 6.500%, 10/01/16 1,227 1,278 5.500%, 12/01/16 3,692 3,793 6.000%, 08/01/17 2,509 2,595 6.000%, 10/01/17 1,694 1,752 6.000%, 10/01/17 4,400 4,551 6.000%, 05/01/19 2,304 2,384 6.000%, 06/01/19 6,736 6,968 5.500%, 07/01/19 3,731 3,833 5.500%, 07/01/19 9,827 10,094 5.500%, 08/01/19 4,157 4,270 5.500%, 10/01/19 5,442 5,590 3.500%, 10/25/21 20,619 20,439 5.500%, 03/01/24 8,071 8,237 7.000%, 05/01/32 7,348 7,750 6.500%, 12/01/32 4,887 5,066 3.172%, 05/01/33 (b) 7,352 7,421 4.120%, 05/01/33 (b) 7,916 7,959 3.989%, 06/01/33 (b) 11,994 11,913 4.107%, 08/01/33 (b) 15,730 15,704 6.000%, 11/01/33 2,558 2,624 3.242%, 05/01/34 (b) 11,530 11,519 4.583%, 05/01/34 (b) 3,508 3,515 4.032%, 06/01/34 (b) 6,660 6,635 4.291%, 06/01/34 (b) 5,011 5,032 7.000%, 06/01/34 7,574 7,988 6.000%, 02/01/35 3,722 3,817 -------- 269,780 -------- FREDDIE MAC (18.3%) 2.150%, 06/02/06 (c) 6,000 5,913 2.478%, 05/15/10 (b) 8,000 7,840 7.000%, 11/01/16 1,070 1,120 6.500%, 02/01/17 3,027 3,149 6.000%, 07/01/17 3,648 3,773 4.500%, 11/01/18 7,960 7,931 6.000%, 12/01/31 19,135 19,652 6.500%, 09/01/32 4,671 4,843 3.339%, 07/01/33 (b) 5,081 5,142
6.000%, 01/01/34 4,892 5,020 4.252%, 05/01/34 (b) 7,223 7,139 -------- 71,522 -------- GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (8.1%) 8.000%, 06/15/30 535 578 8.000%, 09/15/30 323 349 8.000%, 12/15/30 870 940 8.000%, 12/15/30 97 105 7.000%, 07/15/31 455 482 8.000%, 08/15/31 641 692 7.000%, 09/15/31 1,096 1,161 8.000%, 09/15/31 1,286 1,390 5.500%, 12/15/32 4,853 4,964 3.750%, 01/20/34 21,384 21,159 -------- 31,820 -------- TOTAL U.S. GOVERNMENT AGENCIES (COST $374,382) 373,122 -------- SHORT-TERM INVESTMENTS (6.7%) CSFB Enhanced Liquidity Portfolio (d) 26,024,375 26,024 -------- TOTAL SHORT-TERM INVESTMENTS (COST $26,024) 26,024 -------- REPURCHASE AGREEMENTS (5.5%) Merrill Lynch & Co., Inc., 3.255%, dated 06/30/05, to be repurchased 07/01/05, repurchase price $10,851,146 (collateralized by U.S. Government Agencies, 5.000%-5.500%, due 06/01/35-07/01/35; total market value $11,067,571) 10,850 10,850 Morgan Stanley, 3.355%, dated 06/30/05, to be repurchased 07/01/05, repurchase price $10,838,183 (collateralized by U.S. Government Agencies, 5.500%, due 06/01/20 - 04/01/24; total market value $11,274,952) 10,837 10,837 -------- TOTAL REPURCHASE AGREEMENTS (COST $21,687) 21,687 -------- TOTAL INVESTMENTS (COST $422,093) (A) - 107.7% 420,833 LIABILITIES IN EXCESS OF OTHER ASSETS - (7.7)% (29,911) -------- NET ASSETS - 100.0% $390,922 ========
---------- (a) Cost for federal income tax purposes is $422,093 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation .................. $ 1,179 Unrealized Depreciation................... (2,439) ------- Unrealized Appreciation (Depreciation) ... $(1,260) =======
(b) Variable rate security. Rate presented represents rate in effect at June 30, 2005. Maturity date represents actual maturity date. (c) This security or a partial position of the security was on loan at June 30, 2005. The total value of securities on loan at June 30, 2005 in thousands was $25,243. (d) This security was purchased with cash collateral held from securities lending. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FIXED INCOME FUNDS MARYLAND MUNICIPAL BOND FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------ MUNICIPAL BONDS (94.38%) MARYLAND (89.27%) Annapolis Public Improvement, GO, 5.000%, 04/01/08 $1,000 $1,058 Annapolis Special Obligation, Park Place Project, Ser A, RB, 5.350%, 07/01/34, Callable 01/01/15 @ 101 500 508 Anne Arundel County Special Obligation, Arundel Mills Project, RB, 5.125%, 07/01/22, Callable 07/01/14 @ 100, LOC: County Guaranteed 1,000 1,095 Baltimore Parking System Facilities, Ser A, RB, 5.900%, 07/01/13, FGIC 900 1,050 Baltimore Pollution Control, General Motors Project, RB, 5.350%, 04/01/08 410 408 Calvert County Public Improvement, GO, 5.000%, 07/15/08 1,000 1,063 Charles County, County Commissioner, Public Improvement, GO, 5.000%, 03/01/14 1,000 1,120 Harford County, GO, 5.000%, 07/15/25, Callable 07/15/15 @ 100 1,000 1,081 Howard County, Metropolitan District Project, Ser A, GO, 5.250%, 08/15/13, Callable 02/15/12 @ 100 1,100 1,228 Howard County, Public Improvement, Ser A, 5.250%, 08/15/14, Callable 02/15/12 @ 100 1,205 1,345 Maryland State & Local Facilities, Capital Improvement, Ser A, GO, 5.500%, 08/01/14 1,000 1,165 Maryland State & Local Facilities, Ser 2, GO, 5.000%, 08/01/16, Callable 08/01/13 @ 100 1,425 1,570 Maryland State Community Development Administration, Department of Housing & Community Development, People's Resource Center, Ser 2, RB, AMT, 4.700%, 04/01/11 1,000 1,043 Maryland State Community Development Administration, Department of Housing & Community Development, People's Resource Center, Ser 2001B, RB, AMT, 4.100%, 07/01/08, FHA/GNMA/HUD 285 291 Maryland State Community Development Administration, Department of Housing & Community Development, 900 936
People's Resource Center, Ser E, RB, 5.700%, 09/01/17, Callable 09/01/09 @ 100 Maryland State Community Development Administration, Department of Housing & Community Development, People's Resource Center, Ser F, RB, AMT, 5.900%, 09/01/19, Callable 09/01/09 @ 100 1,000 1,032 Maryland State Economic Development Corp., CHF-College Park LLC, Ser A, RB, 2.280%, 06/01/32, LOC: Wachovia Bank N.A. (b) 40 40 Maryland State Economic Development Corp., Department of Transportation Headquarters, RB, 5.375%, 06/01/19, Callable 06/01/12 @ 100.50 1,000 1,117 Maryland State Economic Development Corp., University of Maryland College Park Project, RB, 5.750%, 06/01/18, Callable 06/01/13 @ 100 475 518 Maryland State Economic Development Corp., University of Maryland, Ser A, RB, 5.625%, 10/01/23, Callable 10/01/13 @ 100 500 532 Maryland State Economic Development Corp., University Village at Sheppard Pratt, RB, 5.875%, 07/01/21, Callable 07/01/11 @ 101, ACA 250 272 Maryland State Health & Higher Educational Facilities Authority, Calvert Health Systems, RB, 5.500%, 07/01/36, Callable 07/01/14 @ 100 1,000 1,067 Maryland State Health & Higher Educational Facilities Authority, Carroll County General Hospital, RB, 6.000%, 07/01/18, Callable 07/01/12 @ 100 1,035 1,143 Maryland State Health & Higher Educational Facilities Authority, Carroll County General Hospital, RB, 6.000%, 07/01/21, Callable 07/01/12 @ 100 250 274 Maryland State Health & Higher Educational Facilities Authority, Catholic Health Initiatives, Ser A, RB, 6.000%, 12/01/24, Callable 06/01/10 @ 101, ETM 250 284 Maryland State Health & Higher Educational Facilities Authority, Civista Medical Center, RB, 5.000%, 07/01/37, Callable 07/01/14 @ 100, LOC: Radian 1,595 1,647 Maryland State Health & Higher Educational Facilities Authority, Goucher College, RB, 5.375%, 07/01/25, Callable 07/01/14 @ 100 565 608 Maryland State Health & Higher Educational Facilities Authority, Hebrew Home of Greater Washington, RB, 5.700%, 01/01/21, Callable 01/01/12 @ 100 480 518
Maryland State Health & Higher Educational Facilities Authority, Hebrew Home of Greater Washington, RB, 5.700%, 01/01/22, Callable 01/01/12 @ 100 510 548 Maryland State Health & Higher Educational Facilities Authority, John Hopkins University, Ser A, RB, 5.000%, 07/01/38, Callable 07/01/14 @ 100 1,050 1,113 Maryland State Health & Higher Educational Facilities Authority, Lifebridge Health, Ser A, RB, 5.125%, 07/01/34, Callable 07/01/14 @ 100 1,000 1,043 Maryland State Health & Higher Educational Facilities Authority, Mercy Ridge, Ser B, RB, 5.000%, 04/01/08, Callable 04/01/06 @ 101 300 305 Maryland State Health & Higher Educational Facilities Authority, North Arundel Hospital, RB, 6.500%, 07/01/26, Callable 07/01/10 @ 101 400 448 Maryland State Health & Higher Educational Facilities Authority, Union Hospital of Cecil Country, RB, 5.750%, 07/01/20, Callable 07/01/12 @ 100 500 546 Maryland State Health & Higher Educational Facilities Authority, University of Maryland Medical System, RB, 6.000%, 07/01/05 100 100 Maryland State Health & Higher Educational Facilities Authority, University of Maryland Medical System, RB, 5.750%, 07/01/21, Callable 07/01/11 @ 100 1,725 1,861 Maryland State Stadium Authority, RB, 5.800%, 03/01/26, Callable 03/01/06 @ 101, AMBAC 250 257 Maryland State Transportation Authority, Baltimore/Washington International Airport, Ser B, RB, AMT, 5.375%, 03/01/15, Callable 03/01/12 @ 101, AMBAC 1,000 1,091 Montgomery County Economic Development, Trinity Health Care Group, RB, 5.500%, 12/01/16, Callable 12/01/11 @ 100 1,000 1,094 Montgomery County Housing Opportunities Commission, Ser A, RB, 4.450%, 07/01/17, Callable 01/01/11 @ 100 250 252 Montgomery County Housing Opportunities Commission, Ser A, RB, 6.000%, 07/01/20, Callable 07/01/10 @ 100 1,005 1,065 Montgomery County Housing Oppurtunities Commission, Aston Woods Apartments, Ser A, RB, 4.900%, 05/15/31, Callable 05/15/08 @ 102, FNMA 650 685 Northeast Waste Disposal Authority, 1,100 1,128
Montgomery County Resource Recovery Project, Ser A, RB, AMT, 6.000%, 07/01/06 St. Mary's County Public Improvement, GO, 5.500%, 07/01/11 1,165 1,318 Talbot County Public Facilities, GO, 5.375%, 03/15/17, Callable 03/15/12 @ 101 1,000 1,117 Westminster Education Facilites, Western Maryland College, RB, 2.290%, 04/01/30 (b) 935 935 ------- 38,919 ------- PUERTO RICO (5.11%) Puerto Rico Commonwealth Highway & Transportation Authority, Ser AA, RB, 5.000%, 07/01/06 500 511 Puerto Rico Electric Power Authority, Ser RR, RB, 5.000%, 07/01/26, Callable 07/01/15 @ 100, LOC: XLCA 1,000 1,079 Puerto Rico Housing Bank & Finance Agency, Affordable Housing Mortgage Portfolio I, RB, AMT, 6.250%, 04/01/29, Callable 10/01/05 @ 102, GNMA/FNMA/FHLMC 625 640 ------- 2,230 ------- TOTAL MUNICIPAL BONDS (COST $39,617) 41,149 ------- MONEY MARKET FUNDS (2.62%) Federated Maryland Municipal Cash Trust 1,141,578 1,142 ------- TOTAL MONEY MARKET FUNDS (COST $1,142) 1,142 ------- TOTAL INVESTMENTS (COST $40,759) (A) - 97.00% 42,291 OTHER ASSETS IN EXCESS OF LIABILITIES - 3.00% 1,308 ------- NET ASSETS - 100.00% $43,599 =======
---------- (a) Represents cost for financial reporting purposes. Cost for federal income tax purposes is $40,761 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation .................. $ 1,549 Unrealized Depreciation .................. (19) ------- Unrealized Appreciation (Depreciation) ... $ 1,530 =======
(b) Variable rate security. Rate presented represents rate in effect at June 30, 2005. Maturity date represents actual maturity date. ACA - Security insured by American Capital Access. AMBAC - Security insured by the American Municipal Bond Assurance Corporation. AMT - Alternative Minimum Tax Paper ETM - Escrowed to Maturity FGIC - Security insured by the Financial Guaranty Insurance Company. FHA - Security insured by the Federal Housing Administration. FHLMC - Security insured by Freddie Mac. FNMA - Security insured by Fannie Mae. GNMA - Security insured by the Government National Mortgage Association. GO - General Obligation HUD - Security insured by the Department of Housing and Urban Development. LLC - Limited Liability Company LOC - Line of Credit RB - Revenue Bond Ser - Series SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FIXED INCOME FUNDS NORTH CAROLINA TAX-EXEMPT BOND FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------ MUNICIPAL BONDS (93.8%) NORTH CAROLINA (93.8%) Apex, GO, 2.000%, 02/01/06 $ 620 $ 618 Appalachian State University, Procurement Services Building, RB, 5.000%, 07/15/30, Callable 07/15/15 @100, MBIA 1,250 1,343 Brunswick County Enterprise System, Ser A, RB, 5.250%, 04/01/22, Callable 04/01/14 @ 100, FSA 500 557 Buncombe County, COP, 5.250%, 10/01/17, Callable 10/01/13 @ 100, AMBAC 585 648 Charlotte Governmental Facilities Project, Ser G, COP, 5.000%, 06/01/18, Callable 06/01/13 @ 100 500 539 Charlotte Water & Sewer System, RB, 5.500%, 06/01/14, Prerefunded 06/01/09 @ 101 500 551 Charlotte Water & Sewer System, RB, 5.250%, 06/01/15, Prerefunded 06/01/09 @ 101 500 547 Charlotte-Mecklenberg Hospital Authority, Carolinas Health Care System, Ser A, RB, 5.000%, 01/15/13, Callable 01/15/07 @ 102 500 525 Charlotte-Mecklenburg Hospital Authority, Carolinas Health Care System, Ser A, 5.000%, 01/15/31, Callable 01/15/11 @ 101 1,260 1,310 Dare County, COP, 5.000%, 06/01/23, Callable 12/01/12 @ 100, AMBAC 830 881 Durham, GO, 5.000%, 02/01/07 500 518 Forsyth County Public Facilities & Equipment Project, COP, 5.000%, 10/01/15, Callable 10/01/11 @ 101 950 1,053 Greensboro Enterprise System, Ser A, RB, 5.000%, 06/01/26, Callable 06/01/15 @ 100 1,000 1,072 Iredell County Public Facilities Project, COP, 5.250%, 10/01/20, Callable 10/01/13 @ 100, AMBAC 500 548 New Hanover County Hospital, New Hanover Regional Medical Center Project, RB, 5.300%, 10/01/06, AMBAC 200 206 North Carolina Capital Facilities Finance Agency, Educational Facilities, Brevard College Corp., RB, 2.290%, 05/01/26, 1,000 1,000
LOC: Wachovia Bank N.A. (b) North Carolina Capital Facilities Finance Agency, Educational Facilities, Johnson & Wales University Project, Ser A, RB, 5.000%, 04/01/14, Callable 04/01/13 @ 100 500 546 North Carolina Capital Facilities Finance Agency, Educational Facilities, Trinity Episcopal School Project, RB, 2.290%, 09/01/24, LOC: Wachovia Bank N.A. (b) 400 400 North Carolina Capital Facilities Finance Agency, Student Housing, NCA&T University Foundation Project, Ser A, RB, 5.250%, 06/01/20, Callable 06/01/14 @ 100, LOC: Radian 500 546 North Carolina Eastern Municipal Power Agency, Power System, Ser A, RB, 5.700%, 01/01/15, Callable 01/01/07 @ 102, MBIA 500 529 North Carolina Eastern Municipal Power Agency, Power System, Ser C, RB, 5.375%, 01/01/16, Callable 01/01/13 @ 100 500 538 North Carolina Educational Facilities Finance Agency, Belmont Abbey College, RB, 2.290%, 06/01/18, LOC: First Union National Bank (b) 400 400 North Carolina Educational Facilities Finance Agency, Wingate University, RB, 2.290%, 05/01/22, LOC: Bank of America (b) 400 400 North Carolina Infrastructure Finance Corp., North Carolina State Correctional Facilities Project, Ser A, COP, 3.000%, 02/01/10 500 496 North Carolina Medical Care Commission, Health Care Facilities, Novant Health Obligations Group, Ser A, RB, 5.000%, 11/01/17, Callable 11/01/13 @ 100 500 538 North Carolina Medical Care Commission, Health Care Facilities, Novant Health Obligations Group, Ser A, RB, 5.000%, 11/01/18, Callable 11/01/13 @ 100 500 535 North Carolina Medical Care Commission, Health Care Facilities, RB, 5.000%, 01/01/33, Callable 01/01/15 @ 100, FGIC 2,000 2,119 North Carolina Medical Care Commission, Northeast Medical Center Project, RB, 5.750%, 11/01/06, AMBAC 1,095 1,139 North Carolina Municipal Power Agency, No. 1 Catawba Electric, Ser A, RB, 5.500%, 01/01/15, MBIA 500 574 North Carolina State University at Raleigh, Centennial Campus Project, Ser B, RB, 5.125%, 12/15/16, Prerefunded 500 520
12/15/06 @ 101, MBIA Pitt County School Facilities Project, Ser B, COP, 5.300%, 04/01/21, Callable 04/01/10 @ 101, FSA 500 541 Raleigh Combined Enterprise System, RB, 5.250%, 03/01/17, Callable 03/01/11 @ 100 500 555 Raleigh Durham Airport Authority, Ser A, RB, 5.000%, 05/01/30, Callable 05/01/15 @ 100, AMBAC 1,000 1,069 Rockingham County, COP, 5.000%, 04/01/18, Callable 04/01/12 @ 101, AMBAC 500 543 Salisbury Enterprise System, RB, 5.000%, 02/01/20, Callable 02/01/12 @ 101, FSA 500 541 University of North Carolina at Wilmington, COP, 5.000%, 06/01/31, Callable 06/01/15 @ 100, FGIC 1,500 1,595 University of North Carolina Systems Pool, Ser A, RB, 5.375%, 04/01/21, Callable 10/01/12 @ 100, AMBAC 400 444 University of North Carolina Systems Pool, Ser A, RB, 5.375%, 04/01/22, Callable 10/01/12 @ 100, AMBAC 500 555 University of North Carolina Systems Pool, Ser A, RB, 5.000%, 04/01/23, Callable 04/01/15 @ 100, AMBAC 1,910 2,063 University of North Carolina University, Dining System, RB, 5.400%, 05/15/16, Prerefunded 05/15/07 @ 102 500 534 Wake County Hospital, RB, 5.125%, 10/01/13, ETM, MBIA 500 560 Wilmington, COP, 5.000%, 09/01/14, AMBAC 520 579 Wilmington, Ser A, COP, 5.350%, 06/01/24, Callable 06/01/09 @ 101, MBIA 500 538 Wilmington, Ser A, COP, 5.000%, 06/01/32, Callable 06/01/15 @ 100, AMBAC 1,500 1,594 Wilson Combined Enterprise Systems, RB, 5.250%, 12/01/18, Callable 12/01/12 @ 100, FSA 500 555 Winston-Salem Water & Sewer System, RB, 5.500%, 06/01/15, Prerefunded 06/01/11 @ 101 270 306 Winston-Salem Water & Sewer System, RB, 5.500%, 06/01/16, Prerefunded 06/01/11 @ 101 200 227 Winston-Salem Water & Sewer System, RB, 5.000%, 06/01/23, Callable 06/01/15 @ 100 1,205 1,306 Winston-Salem Water & Sewer System, RB, 5.000%, 06/01/24, Callable 06/01/15 @ 100 1,315 1,423 Winston-Salem, Ser A, COP, 5.000%, 06/01/16, Callable 06/01/11 @ 101 1,000 1,088 Winston-Salem State University, 500 532 -----
Housing & Dining System, Ser B, RB, 4.850%, 01/01/11, Callable 01/01/09 @ 101, MBIA TOTAL MUNICIPAL BONDS (COST $37,566) 38,344 ------- MONEY MARKET FUNDS (4.3%) Federated Tax-Free Obligations Fund 1,219,949 1,220 SEI Tax Exempt Trust, Institutional Tax Free Fund 539,056 539 ------- TOTAL MONEY MARKET FUNDS (COST $1,759) 1,759 ------- TOTAL INVESTMENTS (COST $39,325) (A) - 98.1% 40,103 OTHER ASSETS IN EXCESS OF LIABILITIES - 1.9% 776 ------- NET ASSETS - 100.0% $40,879 =======
---------- (a) Cost for federal income tax purposes is $39,325 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation..................... $827 Unrealized Depreciation..................... (49) ---- Unrealized Appreciation (Depreciation)...... $778 ====
(b) Variable rate security. Rate presented represents rate in effect at June 30, 2005. Maturity date represents actual maturity date. AMBAC - Security insured by the American Municipal Bond Assurance Corporation. COP - Certificate of Participation ETM - Escrowed to Maturity FGIC - Security insured by the Financial Guaranty Insurance Company. FSA - Security insured by Financial Security Assurance. GO - General Obligation LOC - Line of Credit MBIA - Security insured by the Municipal Bond Insurance Association. RB - Revenue Bond Ser - Series SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS SEIX INSTITUTIONAL HIGH YIELD FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------- CONVERTIBLE BONDS (0.2%) SEMICONDUCTORS (0.2%) Fairchild Semiconductor Corp., 5.000%, 11/01/08, Callable 08/22/05 @ 102.25 $3,161 $ 3,078 ------- TOTAL CONVERTIBLE BONDS (COST $3,152) 3,078 ------- CORPORATE BONDS (96.3%) ADVERTISING (1.2%) Bear Creek Corp., 9.000%, 03/01/13, Callable 03/01/09 @ 104.50 (d) 1,515 1,477 R.H. Donnelley Corp., 10.875%, 12/15/12, Callable 12/15/07 @ 105.44 (d) 3,537 4,112 R.H. Donnelley Corp., 10.875%, 12/15/12, Callable 12/15/07 @ 105.44 8,586 9,981 ------- 15,570 ------- AEROSPACE/DEFENSE (0.3%) L-3 Communications Corp., 7.625%, 06/15/12, Callable 06/15/07 @ 103.81 3,333 3,550 ------- AGRICULTURE (0.2%) Gold Kist, Inc., 10.250%, 03/15/14, Callable 03/15/09 @ 105.12 2,325 2,627 ------- APPAREL (0.1%) William Carter Co. (The), Ser B, 10.875%, 08/15/11, Callable 08/15/06 @ 105.44 1,059 1,186 ------- BEVERAGES (0.4%) Constellation Brands, Inc., 8.625%, 08/01/06 4,340 4,514 ------- BUILDING MATERIALS (0.7%) Ainsworth Lumber Co., 7.240%, 10/01/10, Callable 10/01/06 @ 102 (b) (d) 1,845 1,840 Ainsworth Lumber Co., 6.750%, 03/15/14, Callable 03/15/09 @ 103.38 1,455 1,324 Ainsworth Lumber Co. Ltd., 7.250%, 10/01/12, Callable 10/01/08 @ 100.63 4,145 3,948 U.S. Concrete, Inc., 8.375%, 04/01/14, Callable 04/01/09 @ 104.19 2,135 2,007 ------- 9,119 ------- CHEMICALS (4.6%) Acetex Corp., 10.875%, 08/01/09, Callable 08/01/05 @ 105.44 2,001 2,101 ARCO Chemical Co., 10.250%, 11/01/10 4,455 4,901
Equistar Chemicals LP, 10.125%, 09/01/08 1,435 1,553 Equistar Chemicals LP, 10.625%, 05/01/11, Callable 05/01/07 @ 105.31 1,000 1,104 Ethyl Corp., 8.875%, 05/01/10 2,435 2,523 FMC Corp., 10.250%, 11/01/09, Callable 11/01/06 @ 105.12 6,096 6,866 FMC Corp., Ser A, 7.000%, 05/15/08 1,057 1,115 Hercules, Inc., 11.125%, 11/15/07 1,480 1,671 Huntsman International LLC, 9.875%, 03/01/09 975 1,043 Huntsman International LLC, 11.625%, 10/15/10, Callable 10/15/07 @ 105.81 4,435 5,194 Lyondell Chemical Co., Ser A, 9.625%, 05/01/07 5,670 6,053 Millennium American Corp., Inc., 7.000%, 11/15/06 5,160 5,276 Nalco Co., 7.750%, 11/15/11, Callable 11/15/07 @ 103.88 (d) 8,210 8,743 PQ Corp., 7.500%, 02/15/13, Callable 02/15/09 @ 103.75 (d) (e) 1,945 1,911 Rockwood Specialties Group, Inc., 10.625%, 05/15/11, Callable 05/15/07 @ 105.31 3,605 3,975 Rockwood Specialties Group, Inc., 7.500%, 11/15/14, Callable 11/15/09 @ 103.75 (d) 4,355 4,322 ------ 58,351 ------ COAL (0.3%) Luscar Coal Ltd., 9.750%, 10/15/11, Callable 10/15/06 @ 104.88 3,732 4,105 ------ COMMERCIAL SERVICES (1.4%) Corrections Corp. of America, 7.500%, 05/01/11, Callable 05/01/07 @ 103.75 7,735 8,054 Corrections Corp. of America, 6.250%, Callable 03/15/09 @ 103.125 03/15/13 (e) 2,890 2,868 Geo Group, Inc. (The), 8.250%, 07/15/13, Callable 07/15/08 @ 104.13 3,515 3,392 Service Corp. International, 6.500%, 03/15/08 405 414 Service Corp. International, 7.700%, 04/15/09 1,612 1,725 United Rentals North America, Inc., 6.500%, 02/15/12, Callable 02/15/08 @ 103.25 1,375 1,353 ------ 17,806 ------ COMPUTERS (0.3%) Seagate Technology HDD Holdings, 8.000%, 05/15/09, Callable 05/15/06 @ 104 3,684 3,919 ------ COSMETICS/PERSONAL CARE (0.3%) Elizabeth Arden, Inc., 7.750%, 01/15/14, Callable 01/15/09 @ 103.88 3,450 3,597 ------ DIVERSIFIED FINANCIAL SERVICES (1.9%) AES Ironwood LLC, 8.857%, 11/30/25 946 1,072 AES Red Oak LLC, Ser A, 8.540%, 11/30/19 1,589 1,772
AES Red Oak LLC, Ser B, 9.200%, 11/30/29 2,200 2,497 BCP Crystal US Holdings Corp., 9.625%, Callable 06/15/09 @ 104.813 06/15/14 3,160 3,539 Consolidated Communication, Inc., 9.750%, 04/01/12, Callable 04/01/08 @ 104.88 (d) 1,925 2,016 Jostens, Inc., 7.625%, 10/01/12, Callable 10/01/08 @ 103.81 2,710 2,676 Rainbow National Services LLC, 8.750%, 09/01/12, Callable 09/01/08 @ 104.38 (d) 6,838 7,470 Refco Finance Holdings LLC, 9.000%, 08/01/12, Callable 08/01/08 @ 104.50 2,375 2,518 ------ 23,560 ------ ELECTRIC (14.5%) AES Corp. (The), 9.375%, 09/15/10 (e) 2,320 2,627 AES Corp. (The), 8.750%, 05/15/13, Callable 05/15/08 @ 104.38 (d) 10,892 12,172 Allegheny Energy Supply Co. LLC, 7.800%, 03/15/11 (e) 1,475 1,608 Allegheny Energy Supply Co. LLC, 8.250%, 04/15/12 (b) (d) (e) 10,045 11,250 Allegheny Energy Supply Co. LLC, Ser A, 10.250%, 11/15/07 (d) 2,480 2,728 Aquila, Inc., 9.950%, 02/01/11 2,235 2,425 Aquila, Inc., 14.875%, 07/01/12 5,345 7,002 Edison Mission Energy, 10.000%, 08/15/08 (e) 490 550 Edison Mission Energy, 7.730%, 06/15/09 4,000 4,215 Edison Mission Energy, 9.875%, 04/15/11 (e) 8,225 9,634 FirstEnergy Corp., Ser B, 6.450%, 11/15/11 2,860 3,125 FirstEnergy Corp., Ser C, 7.375%, 11/15/31 810 990 FPL Energy National Wind, 6.125%, 03/25/19 (d) 2,400 2,329 FPL Energy Wind Funding, 6.876%, 06/27/17 (d) 3,179 3,215 General Cable Corp., 9.500%, 11/15/10, Callable 11/15/07 @ 104.75 4,408 4,717 Homer City Funding LLC, 8.137%, 10/01/19 2,616 2,930 Homer City Funding LLC, 8.734%, 10/01/26 3,604 4,216 Inergy LP, 6.875%, 12/15/14, Callable 12/15/09 @ 103.44 (d) 3,555 3,457 IPALCO Enterprises, Inc., 8.375%, 11/14/08 5,000 5,388 Legrand Holding SA, 10.500%, 02/15/13, Callable 02/15/08 @ 105.25 3,520 4,013 Legrand Holding SA, 8.500%, 02/15/25 (d) 550 666 Midwest Generation LLC, 8.750%, 05/01/34, Callable 05/01/09 @ 104.38 686 768 Midwest Generation LLC, Ser A, 8.300%, 07/02/09 3,350 3,551
Midwest Generation LLC, Ser B, 8.560%, 01/02/16 (e) 10,900 12,017 MSW Energy Holdings LLC, 8.500%, 09/01/10, Callable 09/01/07 @ 104.25 4,450 4,706 MSW Energy Holdings LLC, Ser B, 7.375%, 09/01/10, Callable 09/01/07 @ 103.69 6,341 6,500 NRG Energy, Inc., 8.000%, 12/15/13, Callable 12/15/08 @ 104.00 (d) (e) 3 3 PSEG Energy Holdings LLC, 7.750%, 04/16/07 1,183 1,221 PSEG Energy Holdings LLC, 8.625%, 02/15/08 (e) 13,285 14,114 PSEG Energy Holdings LLC, 10.000%, 10/01/09 916 1,028 Reliant Energy, Inc., 9.250%, 07/15/10, Callable 07/15/07 @ 104.62 2,850 3,107 Sierra Pacific Resources, 7.803%, 06/15/12, Callable 06/15/09 @ 103.90 2,290 2,380 Sithe/Independence Funding Corp., Ser A, 8.500%, 06/30/07 1,745 1,796 Sithe/Independence Funding Corp., Ser A, 9.000%, 12/30/13 8,300 8,928 Teco Energy, Inc., 5.370%, 05/01/10, Callable 05/01/07 @ 102 (b) (d) 3,110 3,145 Teco Energy, Inc., 6.750%, 05/01/15 (d) 700 742 Tenaska Alabama Partners LP, 7.000%, 06/30/21 (d) 4,600 4,658 Texas Genco LLC, 6.875%, 12/15/14, Callable 12/15/09 @ 103.44 (d) (e) 12,135 12,772 TXU Corp., 4.800%, 11/15/09 (d) 3,340 3,279 TXU Corp., 5.550%, 11/15/14 (d) 6,640 6,440 ------- 180,412 ------- ELECTRONICS (0.2%) Fisher Scientific Instrument, 6.125%, 07/01/15 3,055 3,059 ------- ENERGY - ALTERNATIVE SERVICES (0.2%) Salton Sea Funding Corp., Ser C, 7.840%, 05/30/10 1,437 1,520 Salton Sea Funding Corp., Ser F, 7.475%, 11/30/18 1,242 1,367 ------- 2,887 ------- ENTERTAINMENT (2.4%) Argosy Gaming Co., 9.000%, 09/01/11, Callable 09/01/06 @ 104.50 8,116 8,876 Capitol Records, Inc., 8.375%, 08/15/09 (d) 5,908 6,425 Isle of Capri Casinos, Inc., 9.000%, 03/15/12, Callable 03/15/07 @ 104.50 2,705 2,942 Penn National Gaming, Inc., 8.875%, 03/15/10, Callable 03/15/06 @ 104.44 (e) 2,025 2,167 Penn National Gaming, Inc., 6.750%, 03/01/15, Callable 03/01/10 @ 103.38 (d) (e) 1,600 1,588 Seneca Gaming Corp., 7.250%, 05/01/12, Callable 05/01/08 @ 103.63 (d) 1,305 1,349 Warner Music Group Corp., 7.375%, 04/15/14, Callable 04/15/09 @ 103.69 (e) 6,612 6,678 ------- 30,025 ------- ENVIRONMENT CONTROL (0.2%)
Casella Waste Systems, Inc., 9.750%, 02/01/13, Callable 02/01/08 @ 104.88 (e) 2,025 2,187 ------ FOOD (2.3%) Dean Foods Co., 8.150%, 08/01/07 8,277 8,731 Del Monte Corp., 8.625%, 12/15/12, Callable 12/15/07 @ 104.31 1,127 1,240 Pilgrim's Pride Corp., 9.625%, 09/15/11, Callable 09/15/06 @ 104.81 1,790 1,956 Smithfield Foods, Inc., Ser B, 8.000%, 10/15/09 (e) 3,990 4,309 Smithfield Foods, Inc., Ser B, 7.750%, 05/15/13 5,020 5,472 Swift & Co., 10.125%, 10/01/09, Callable 10/01/06 @ 105.06 2,620 2,856 Swift & Co., 12.500%, 01/01/10, Callable 10/01/06 @ 106.25 960 1,072 United Agri Products, Inc., 8.250%, 12/15/11, Callable 12/15/07 @ 104.12 (b) 3,055 3,162 ------ 28,798 ------ FOREST PRODUCTS & PAPER (4.2%) Appleton Papers, Inc., 8.125%, 06/15/11, Callable 06/15/08 @ 104.06 3,706 3,613 Appleton Papers, Inc., Ser B, 9.750%, 06/15/14, Callable 06/15/09 @ 104.88 1,524 1,471 Boise Cascade LLC, 6.016%, 10/15/12, Callable 10/15/05 @ 102 (b) (d) 8,145 8,226 Boise Cascade LLC, 7.125%, 10/15/14, Callable 10/15/09 @ 103.56 (d) 2,615 2,569 Georgia-Pacific Corp., 7.375%, 07/15/08 4,880 5,191 Georgia-Pacific Corp., 8.875%, 02/01/10 11,407 12,948 Georgia-Pacific Corp., 8.125%, 05/15/11 (e) 4,177 4,710 Georgia-Pacific Corp., 9.500%, 12/01/11 2,175 2,626 Georgia-Pacific Corp., 9.375%, 02/01/13 125 141 Georgia-Pacific Corp., 8.875%, 05/15/31 4,414 5,462 Millar Western Forest Products Ltd., 7.750%, 11/15/13, Callable 11/15/08 @ 103.88 (d) 3,395 3,183 Neenah Paper, Inc., 7.375%, 11/15/14, Callable 11/15/09 @ 103.69 (d) 2,265 2,197 ------ 52,337 ------ HEALTHCARE - PRODUCTS (0.4%) Kinetic Concepts, Inc., 7.375%, 05/15/13, Callable 05/15/08 @ 103.69 2,251 2,352 Sybron Dental Specialties, Inc., 8.125%, 06/15/12, Callable 06/15/07 @ 104.06 2,592 2,774 ------ 5,126 ------ HEALTHCARE - SERVICES (4.6%) Coventry Health Care, Inc, 5.875%, 01/15/12 1,430 1,455 Coventry Health Care, Inc., 8.125%, 02/15/12, Callable 02/15/07 @ 104.06 5,478 5,916
Coventry Health Care, Inc., 6.125%, 01/15/15 1,115 1,135 DaVita, Inc., 6.625%, 03/15/13, Callable 03/15/09 @ 103.31 (d) 4,090 4,223 DaVita, Inc., 7.250%, 03/15/15, Callable 03/15/10 @ 103.63 (d) (e) 5,920 6,083 HCA, Inc., 5.500%, 12/01/09 2,330 2,337 HCA, Inc., 8.750%, 09/01/10 (e) 6,613 7,515 HCA, Inc., 7.875%, 02/01/11 5,252 5,779 HCA, Inc., 6.300%, 10/01/12 1,200 1,232 HCA, Inc., 7.500%, 11/06/33 3,925 4,221 HCA, Inc., 7.500%, 11/15/95 6,406 6,224 PacifiCare Health Systems, Inc., 10.750%, 06/01/09, Callable 6/1/06 @ 105.38 4,276 4,704 Triad Hospitals, Inc., 7.000%, 05/15/12, Callable 05/15/08 @ 103.50 6,265 6,531 ------ 57,355 ------ HOLDING COMPANIES-DIVERSIFIED (0.3%) Leucadia National Corp., 7.000%, 08/15/13 3,965 3,965 Leucadia National Corp., 8.650%, 01/15/27, Callable 01/15/07 @ 104.28 135 139 ------ 4,104 ------ HOME BUILDERS (0.1%) Meritage Homes Corp., 6.250%, 03/15/15, Callable 03/15/10 @ 103.13 1,095 1,018 ------ INSURANCE (1.4%) AFC Capital Trust I, Ser B, 8.207%, 02/03/27 3,812 4,320 Allmerica Financial Corp., 7.625%, 10/15/25 1,540 1,693 Crum & Forster Holdings Corp., 10.375%, 06/15/13, Callable 06/15/08 @ 105.19 2,694 2,923 Fairfax Financial Holdings Ltd., 7.750%, 04/26/12 (e) 165 157 Fairfax Financial Holdings Ltd., 7.375%, 04/15/18 (e) 716 605 Fairfax Financial Holdings Ltd., 8.300%, 04/15/26 (e) 455 389 Fairfax Financial Holdings Ltd., 7.750%, 07/15/37 1,225 974 Markel Capital Trust I, Ser B, 8.710%, 01/01/46, Callable 01/01/07 @ 104.36 4,025 4,464 Markel Corp., 7.350%, 08/15/34 1,710 1,918 ------ 17,443 ------ LODGING (5.4%) Boyd Gaming Corp., 6.750%, 04/15/14, Callable 04/15/09 @ 103.38 (e) 105 108 Caesars Entertainment, Inc., 9.375%, 02/15/07 1,835 1,973 Caesars Entertainment, inc., 7.500%, 09/01/09 7,917 8,728 Chumash Casino & Resort Enterprise, 9.000%, 07/15/10, Callable 07/15/06 @ 104.50 (d) 3,073 3,327 Gaylord Entertainment Co., 8.000%, 1,530 1,608
11/15/13, Callable 11/15/08 @ 104 Kerzner International Ltd., 8.875%, 1,591 1,702 08/15/11, Callable 08/15/06 @ 104.44 Mandalay Resort Group, Ser B, 10.250%, 08/01/07 (e) 10,956 12,052 MGM Mirage, Inc., 9.750%, 06/01/07 6,965 7,548 MGM Mirage, Inc., 8.500%, 09/15/10 16,294 18,086 Wynn Las Vegas LLC, 6.625%, 12/01/14, Callable 12/01/09 @ 103.31 (d) 12,810 12,458 ------ 67,590 ------ MACHINERY DIVERSIFIED (0.2%) NMGH Holding Co., 10.000%, 05/15/09, Callable 05/15/06 @ 105 2,685 2,819 ------ MEDIA (10.2%) Cablevision Systems Corp., 8.000%, 04/15/12 (e) 3,430 3,361 Cablevision Systems Corp., Ser B, 7.880%, 04/01/09 (b) 3,830 3,840 CanWest Media, Inc., 8.000%, 09/15/12, Callable 09/15/11 @ 100 13,272 13,970 CanWest Media, Inc., Ser B, 7.625%, 04/15/13, Callable 04/15/08 @ 103.81 (e) 3,577 3,827 Corus Entertainment, Inc., 8.750%, 03/01/12, Callable 03/01/07 @ 104.38 5,386 5,776 CSC Holdings, Inc., 7.875%, 02/15/18 645 635 CSC Holdings, Inc., 7.625%, 07/15/18 1,825 1,761 CSC Holdings, Inc., Ser B, 8.125%, 07/15/09 1,445 1,463 Dex Media East Finance, 9.875%, 11/15/09, Callable 11/15/06 @ 104.94 5,593 6,166 Dex Media West Finance, Ser B, 8.500%, 08/15/10, Callable 08/15/07 @ 104.25 2,540 2,769 Dex Media West Finance, Ser B, 9.875%, 08/15/13, Callable 08/15/08 @ 104.94 10,447 11,910 Dex Media, Inc., 8.268%, 11/15/13, Callable 11/15/08 @ 104.50 (c) (g) 865 696 Dex Media, Inc., 8.268%, 11/15/13, Callable 11/15/08 @ 104.50 (c) (g) 1,150 926 Directv Holdings, LLC, 8.375%, 03/15/13, Callable 03/15/08 @ 104.19 10,950 12,127 EchoStar DBS Corp., 6.350%, 10/01/08, Callable 10/01/05 @ 102 (b) 4,850 4,959 EchoStar DBS Corp., 9.125%, 01/15/09, Callable 01/15/06 @ 104.56 (e) 1,100 1,172 EchoStar DBS Corp., 6.375%, 10/01/11 10,385 10,294 Echostar DBS Corp., 6.625%, 10/01/14 5,095 5,031 Gray Television, Inc., 9.250%, 12/15/11, Callable 12/15/06 @ 104.62 3,460 3,754 Houghton Mifflin Co., 8.250%, 02/01/11, Callable 02/01/11 @ 104.12 4,375 4,539 Kabel Deutschland Gmbh, 10.625%, 07/01/14, Callable 07/01/09 @ 105.31 (d) 4,475 4,855
PRIMEDIA, Inc., 7.625%, 04/01/08, Callable 04/01/06 @ 100 1,062 1,074 PRIMEDIA, Inc., 8.875%, 05/15/11, Callable 05/15/06 @ 104.44 (e) 2,187 2,291 PRIMEDIA, Inc., 8.000%, 05/15/13, Callable 05/15/08 @ 104 5,170 5,183 Quebecor Media, Inc., 11.125%, 07/15/11, Callable 07/15/06 @ 105.56 3,815 4,239 Radio One, Inc., Ser B, 8.875%, 07/01/11, Callable 07/01/06 @ 104.44 2,725 2,926 Readers-Digest Association, Inc., 6.500%, 03/01/11, Callable 03/01/08 @ 103.25 6,176 6,269 Shaw Communications, Inc., 8.250%, 04/11/10 220 244 Shaw Communications, Inc., 7.250%, 04/06/11 680 740 ------- 126,797 ------- MINING (0.6%) Novelis, Inc., 7.250%, 02/15/15, Callable 02/15/10 @ 103.63 (d) 7,780 7,809 ------- MISCELLANEOUS MANUFACTURER (0.3%) Koppers, Inc., 9.875%, 10/15/13, Callable 10/15/08 @ 104.94 3,226 3,484 ------- OFFICE / BUSINESS EQUIPMENT (1.6%) Xerox Capital Trust I, 8.000%, 1,450 1,501 02/01/27, Callable 02/01/07 @ 102.45 Xerox Corp., 9.750%, 01/15/09 12,044 13,684 Xerox Corp., 7.125%, 06/15/10 1,440 1,532 Xerox Corp., 6.875%, 08/15/11 3,415 3,620 ------- 20,337 ------- OIL & GAS (7.3%) AmeriGas Partners LP, 10.000%, 04/15/06 1,050 1,084 AmeriGas Partners LP, 7.250%, 05/20/15, Callable 05/20/10 @ 103.63 (d) (e) 3,430 3,567 Chesapeake Energy Corp., 7.500%, 09/15/13, Callable 09/15/08 @ 103.75 11,732 12,700 Chesapeake Energy Corp., 7.500%, 06/15/14, Callable 06/15/09 @ 103.75 3,599 3,905 Chesapeake Energy Corp., 7.750%, 01/15/15, Callable 01/15/08 @ 103.88 2,665 2,878 Chesapeake Energy Corp., 6.375%, 06/15/15, Callable 12/15/09 @ 103.19 (d) 3,770 3,864 Chesapeake Energy Corp., 6.875%, 01/15/16, Callable 01/15/09 @ 103.44 800 834 CITGO Petroleum Corp., 7.875%, 05/15/06 620 636 Colorado Interstate Gas Co., 5.950%, 03/15/15 (d) (e) 985 971 Compagnie Generale de Geophysique SA, 7.500%, 05/15/15, Callable 05/15/10 @ 103.75 (d) (e) 1,890 1,970 Encore Acquisition Co., 8.375%, 06/15/12, Callable 06/15/07 @ 104.19 1,847 2,004 Encore Acquisition Co., 6.000%, 07/15/15, Callable 07/15/10 @ 103 (d) 4,925 4,834
EXCO Resources, Inc., 7.250%, 01/15/11, Callable 01/15/07 @ 105.44 2,883 2,883 FerrellGas Partners, LP, 8.750%, 06/15/12, Callable 06/15/07 @ 104.38 4,104 4,104 FerrellGas Partners, LP, 6.750%, 05/01/14, Callable 05/01/09 @ 103.38 681 657 Forest Oil Corp., 8.000%, 06/15/08 4,684 4,965 Forest Oil Corp., 8.000%, 12/15/11 (e) 3,913 4,314 Premcor Refining Group, Inc. (The), 9.250%, 02/01/10, Callable 02/01/07 @ 104.63 6,702 7,406 Premcor Refining Group, Inc. (The), 6.750%, 02/01/11 3,077 3,323 Premcor Refining Group, Inc. (The), 6.125%, 05/01/11 2,591 2,734 Premcor Refining Group, Inc. (The), 7.750%, 02/01/12, Callable 02/01/08 @ 103.88 5,255 5,741 Premcor Refining Group, Inc. (The), 6.750%, 05/01/14, Callable 05/01/09 @ 103.38 5,000 5,388 Range Resources Corp., 6.375%, 03/15/15, Callable 03/15/10 @ 103.19 835 831 Western Oil Sands, Inc., 8.375%, 05/01/12 9,399 10,703 ------ 92,296 ------ OIL & GAS SERVICES (0.6%) Hanover Compressor Co., 8.625%, 12/15/10, Callable 12/15/07 @ 104.31 1,795 1,898 Hanover Compressor Co., 9.000%, 06/01/14, Callable 06/01/09 @ 104.50 1,730 1,842 Hanover Equipment Trust 01, Ser B, 8.750%, 09/01/11, Callable 09/01/06 @ 104.38 (b) 3,571 3,794 Universal Compression Holdings, Inc., 7.250%, 05/15/10, Callable 05/15/07 @ 103.62 435 455 ------ 7,989 ------ PACKAGING & CONTAINERS (2.6%) Ball Corp., 7.750%, 08/01/06 125 129 Berry Plastics Corp., 10.750%, 07/15/12, Callable 07/15/07 @ 105.38 (e) 2,040 2,226 Crown Cork & Seal Co., Inc., 8.000%, 04/15/23, Callable 04/15/06 @ 102.67 (e) 780 761 Crown Euro Holdings SA, 9.500%, 03/01/11, Callable 03/01/07 @ 104.75 (e) 9,465 10,460 Crown Euro Holdings SA, 10.875%, 03/01/13, Callable 03/01/08 @ 105.44 3,311 3,890 Graphic Packaging International, 9.500%, 08/15/13, Callable 08/15/08 @ 104.75 1,075 1,083 Owens-Brockway Glass Container, 8.875%, 02/15/09, Callable 02/15/06 @ 104.44 3,910 4,154 Owens-Brockway Glass Container, 8.750%, 11/15/12, Callable 11/15/07 @ 104.38 6,380 7,034 Owens-Brockway Glass Container, 1,580 1,716
8.250%, 05/15/13, Callable 05/15/08 @ 104.12 (e) Plastipak Holdings, Inc., 10.750%, 09/01/11, Callable 09/01/06 @ 105.38 1,450 1,599 ------ 33,052 ------ PIPELINES (3.9%) Dynegy Holdings, Inc., 10.125%, 07/15/13, Callable 07/15/08 @ 105.06 (d) 3,994 4,513 El Paso Natural Gas, 8.375%, 06/15/32 1,620 1,884 MarkWest Energy Partners, 6.875%, 11/01/14, Callable 11/01/09 @ 103.44 (d) 1,845 1,836 Southern Natural Gas Co., 8.000%, 03/01/32 1,365 1,552 Tennessee Gas Pipeline Co., 8.375%, 06/15/32 835 983 Transcontinental Gas Pipe Line Corp., Ser B, 8.875%, 07/15/12 1,015 1,208 TransMontaigne, Inc., 9.125%, 06/01/10, Callable 06/01/07 @ 104.56 (d) 1,463 1,522 Williams Cos., Inc. (The), 7.125%, 09/01/11 (e) 15,195 16,410 Williams Cos., Inc. (The), 8.125%, 03/15/12 (e) 6,220 7,060 Williams Cos., Inc. (The), 7.750%, 06/15/31 (e) 585 645 Williams Cos., Inc. (The), 8.750%, 03/15/32 9,909 11,903 ------ 49,516 ------ REAL ESTATE (1.0%) American Real Estate Partners LP, 7.125%, 02/15/13, Callable 02/15/09 @ 103.56 (d) 6,615 6,483 CB Richard Ellis Group, Inc., 9.750%, 05/15/10, Callable 05/15/07 @ 104.88 2,466 2,737 CB Richard Ellis Group, Inc., 11.250%, 06/15/11, Callable 06/15/06 @ 105.63 3,265 3,624 ------ 12,844 ------ REITS (2.1%) Host Marriott LP, 6.375%, 03/15/15, Callable 03/15/10 @ 103.19 (d) (e) 2,710 2,683 Host Marriott LP, Ser G, 9.250%, 10/01/07 2,398 2,590 Host Marriott LP, Ser I, 9.500%, 01/15/07 7,545 7,997 Omega Healthcare Investors, Inc., 7.000%, 04/01/14, Callable 04/01/09 @ 103.50 (e) 2,270 2,287 Rouse Co. (The), 8.000%, 04/30/09 3,725 4,082 Rouse Co. (The), 7.200%, 09/15/12 2,475 2,667 Ventas Realty LP, 6.750%, 06/01/10 (d) 1,120 1,162 Ventas Realty LP, 6.625%, 10/15/14, Callable 10/15/09 @ 103.31 (d) 1,505 1,513 Ventas Realty LP, 7.125%, 06/01/15, Callable 06/01/10 @ 103.56 (d) 1,565 1,628 ------ 26,609 ------ RETAIL (1.0%) Couche-Tard US/Finance Corp., 3,170 3,329
7.500%, 12/15/13, Callable 12/15/08 @ 103.75 Pantry, Inc. (The), 7.750%, 02/15/14, Callable 02/15/09 @ 103.88 3,168 3,231 Suburban Propane Partners LP, 6.875%, 12/15/13, Callable 12/15/08 @ 103.44 (d) 5,495 5,221 United Auto Group, Inc., 9.625%, 03/15/12, Callable 03/15/07 @ 104.81 (e) 688 734 ------ 12,515 ------ SEMICONDUCTORS (0.2%) Freescale Semiconductor, 5.891%, 07/15/09, Callable 07/15/06 @ 102 (b) (e) 2,998 3,114 ------ TELECOMMUNICATIONS (16.2%) AT&T Corp., 9.750%, 11/15/31 (e) (g) 18,710 24,345 Citizens Communications Co., 7.625%, 08/15/08 (e) 5,005 5,293 Citizens Communications Co., 9.250%, 05/15/11 10,720 11,966 Citizens Communications Co., 6.250%, 01/15/13 (e) 2,845 2,753 Citizens Communications Co., 9.000%, 08/15/31 2,020 2,071 Inmarsat Group Ltd., 7.625%, 06/30/12, Callable 03/01/08 @ 103.81 7,283 7,684 Insight Midwest Holdings, 10.500%, 11/01/10, Callable 11/01/05 @ 105.25 (e) 2,055 2,178 Intelsat Ltd., 8.250%, 01/15/13, Callable 01/15/09 @ 104.13 (d) 12,660 13,071 Intelsat Ltd., 8.625%, 01/15/15, Callable 01/15/10 @ 104.31 (d) 1,275 1,345 Lucent Technologies, Inc., 6.450%, 03/15/29 (e) 4,160 3,723 MCI, Inc., 6.908%, 05/01/07 5,880 5,961 MCI, Inc., 7.688%, 05/01/09, Callable 05/01/06 @ 102.84 (b) 2,085 2,171 MCI, Inc., 8.735%, 05/01/14 19,008 21,313 National Cable PLC, 8.750%, 04/15/14, Callable 04/15/09 @ 104.38 (e) 6,239 6,496 Nextel Communications, 6.875%, 10/31/13, Callable 10/31/08 @ 103.44 10,505 11,227 Nextel Communications, 5.950%, 03/15/14, Callable 03/15/09 @ 102.98 5,930 6,160 Nextel Communications, Inc., 7.375%, 08/01/15, Callable 08/01/08 @ 103.69 10,421 11,255 PanAmSat Holdings Corp., 9.000%, 08/15/14, Callable 08/15/09 @ 104.50 2,735 2,985 Qwest Communications International, Inc., 7.268%, 02/15/09, Callable 02/15/06 @ 102 (b) 3,360 3,301 Qwest Communications International, Inc., 7.250%, 02/15/11, Callable 02/15/08 @ 103.62 (b) 1,650 1,596 Qwest Communications International, Inc., 7.875%, 09/01/11 (d) 9,190 9,581 Qwest Communications International, Inc., 9.125%, 03/15/12 (d) 865 941 Qwest Communications International, Inc., 7.500%, 02/15/14, Callable 02/15/09 3,400 3,217
@ 103.75 (d) Qwest Communications International, Inc., 7.500%, 06/15/23, Callable 08/22/05 @ 102.69 3,380 3,118 Qwest Communications International, Inc., 7.250%, 10/15/35, Callable 10/15/15 @ 101.94 2,195 1,948 Qwest Corp., 6.671%, 06/15/13 (b) (d) 3,000 3,071 Qwest Corp., 7.625%, 06/15/15 (d) (e) 2,900 2,962 Qwest Corp., 7.200%, 11/10/26, Callable 11/10/05 @ 103.04 76 68 Qwest Corp., 8.875%, 06/01/31, Callable 08/22/05 @ 104.73 3,075 3,106 Rogers Wireless, Inc., 6.535%, 12/15/10, Callable 12/15/06 @ 102 (b) 2,295 2,393 Rogers Wireless, Inc., 9.625%, 05/01/11 5,108 5,996 Rogers Wireless, Inc., 7.250%, 12/15/12 (e) 5,685 6,140 Rogers Wireless, Inc., 6.375%, 03/01/14 5,810 5,912 Rogers Wireless, Inc., 9.750%, 06/01/16 3,770 4,552 Valor Telecommunications Group, Inc., 7.750%, 02/15/15, Callable 02/15/10 @ 103.88 (d) (e) 3,180 3,124 --------- 203,023 --------- TRANSPORTATION (0.6%) CHC Helicopter Corp., 7.375%, 05/01/14, Callable 05/01/09 @ 103.69 (d) 2,300 2,294 CHC Helicopter Corp., 7.375%, 05/01/14, Callable 05/01/09 @ 103.69 (d) 2,482 2,476 Petroleum Helicoptors, Ser B, 9.375%, 05/01/09, Callable 05/01/06 @ 104.69 2,435 2,563 --------- 7,333 --------- TOTAL CORPORATE BONDS (COST $1,200,751) 1,209,782 --------- PREFERRED STOCKS (0.0%) MEDIA (0.0%) Shaw Communications, Inc., 8.500% 23,210 585 --------- TOTAL PREFERRED STOCKS (COST $494) 585 --------- SHORT-TERM INVESTMENTS (11.3%) CSFB Enhanced Liquidity Portfolio (f) 140,872,157 140,872 --------- TOTAL SHORT-TERM INVESTMENTS (COST $140,872) 140,872 --------- REPURCHASE AGREEMENTS (2.6%) CASH EQUIVALENT (2.6%) Lehman Brothers, Inc., 3.335%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $33,072,476 (collaterized by U.S. Government Agencies, 5.500%, due 04/01/34; total market value $33,731,800) 33,069 33,069 --------- TOTAL REPURCHASE AGREEMENTS (COST $33,069) 33,069 ---------
TOTAL INVESTMENTS (COST $1,378,338) (A) - 110.4% 1,387,386 LIABILITIES IN EXCESS OF OTHER ASSETS - (10.4)% (130,224) ---------- NET ASSETS - 100.0% $1,257,162 ==========
---------- (a) Represents cost for financial reporting purposes. Cost for federal income tax purposes is $1,378,669 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $ 22,418 Unrealized Depreciation.................. (13,701) -------- Unrealized Appreciation (Depreciation)... $ 8,717 ========
(b) Variable rate security. Rate presented represents rate in effect at June 30, 2005. Maturity date represents actual maturity date. (c) Rate represents the effective yield at purchase. (d) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund's advisor has deemed this security to be liquid based upon procedures approved by the Board of Trustees. (e) This security or a partial position of the security was on loan at June 30, 2005. The total value of securities on loan at June 30, 2005 in thousands was $135,347. (f) This security was purchased with cash collateral held from securities lending. (g) Step bond LLC - Limited Liability Corporation LP - Limited Partnership REIT - Real Estate Investment Trust Ser - Series SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FIXED INCOME FUNDS SHORT-TERM BOND FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------- ASSET BACKED SECURITIES (7.9%) AUTOMOBILE ABS (4.7%) Capital Auto Receivables Asset Trust, 3.580%, 10/16/06 $2,101 $ 2,101 Capital Auto Receivables Asset Trust, 2.640%, 03/17/08 2,319 2,301 DaimlerChrysler Auto Trust, Ser 2004-A, Cl A2, 1.410%, 11/08/06 1,259 1,256 Ford Credit Auto Owner Trust, 2.130%, 10/15/06 1,835 1,829 Honda Auto Receivables Owner Trust, 3.610%, 12/18/07 1,269 1,267 Nissan Auto Receivables Owner Trust, Ser 2003-B, Cl A4, 2.050%, 03/16/09 1,525 1,488 USAA Auto Owner Trust, Ser 2004-1, Cl A3, 2.060%, 04/15/08 4,100 4,048 ------- 14,290 ------- CREDIT CARD ABS (3.2%) Bank One Issuance Trust, Ser 2002, Cl A4, 2.940%, 06/16/08 4,500 4,491 Citibank Credit Card Issuance Trust, 2.550%, 01/20/09 3,175 3,108 MBNA Credit Card Master Note Trust, 3.650%, 03/15/11 2,375 2,347 ------- 9,946 ------- TOTAL ASSET BACKED SECURITIES (COST $24,378) 24,236 ------- COLLATERALIZED MORTGAGE OBLIGATIONS (7.2%) Adjustable Rate Mortgage Trust, Ser 2005-1, Cl 2A22, 4.657%, 05/25/35 (b) 1,520 1,536 Countrywide Home Loans, Inc., Ser 2004-21, Cl A10, 6.000%, 11/25/34 1,803 1,845 First Horizon Alternative Mortgage Securities, Ser 2005-AA3, Cl 2A1, 5.185%, 05/25/35 3,663 3,696 J.P. Morgan Chase Commercial Mortgage Securities, Ser 2005-LDP1, Cl A2, 4.625%, 03/15/46 2,315 2,345 J.P. Morgan Mortgage Trust, Ser 2005-A1, Cl 5A1, 4.484%, 02/25/35 (b) 4,614 4,553 Wachovia Bank Commercial Mortgage Trust, Ser 2005-C16, Cl A2, 4.380%, 10/15/41 3,290 3,299 Washington Mutual, Ser 2005-AR4, Cl A1, 3.624%, 04/25/35 (b) 1,807 1,805 Wells Fargo Mortgage Backed Securities 2,985 2,897 -------
Trust, Ser 2004-S, Cl A5, 3.541%, 09/25/34 TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (COST $21,992) 21,976 ------ CORPORATE BONDS (27.8%) AUTO MANUFACTURERS (0.5%) DaimlerChrysler NA Holdings Corp., 4.750%, 01/15/08 1,385 1,390 ------ BANKS (3.4%) Bank of America Corp., 5.250%, 02/01/07 3,015 3,077 Marshall & Ilsley Bank, 4.400%, 03/15/10 3,825 3,844 Wachovia Corp., 6.375%, 02/01/09 3,150 3,375 ------ 10,296 ------ BEVERAGES (0.5%) Coca-Cola Enterprises, Inc., 5.250%, 05/15/07 1,370 1,400 ------ COSMETICS/PERSONAL CARE (0.3%) Gillette Co. (The), 3.500%, 10/15/07, Callable 10/15/05 @ 100 793 784 ------ DIVERSIFIED FINANCIAL SERVICES (17.8%) Bear Stearns & Co., Inc., 5.700%, 01/15/07 (c) 4,475 4,576 Boeing Capital Corp., 5.650%, 05/15/06 740 752 Capital One Financial Corp., 7.250%, 05/01/06 735 754 Capital One Financial Corp., 8.750%, 02/01/07 735 785 CIT Group, Inc., 4.000%, 05/08/08 890 884 CIT Group, Inc., 4.250%, 02/01/10 (c) 2,240 2,223 Citigroup, Inc., 5.000%, 03/06/07 3,865 3,931 Countrywide Home Loan, Inc., 5.500%, 08/01/06 3,125 3,172 Credit Suisse First Boston USA, Inc., 5.875%, 08/01/06 3,250 3,318 Ford Motor Credit Co., 6.875%, 02/01/06 2,150 2,171 Ford Motor Credit Co., 6.500%, 01/25/07 (c) 1,175 1,183 General Electric Capital Corp., 5.000%, 06/15/07 2,025 2,060 Goldman Sachs Group, Inc. (The), 4.125%, 01/15/08 (c) 4,300 4,297 Household Finance Corp., 5.750%, 01/30/07 1,280 1,313 HSBC Finance Corp., 4.125%, 03/11/08 3,220 3,213 John Deere Capital Corp., Ser D, 3.875%, 03/07/07 2,825 2,815 JPMorgan Chase & Co., 5.250%, 05/30/07 3,010 3,073 Lehman Brothers Holdings, Inc., 6.250%, 05/15/06 2,480 2,526 Merrill Lynch & Co., Inc., Ser B, 3.375%, 09/14/07 4,470 4,424
Morgan Stanley, 5.800%, 04/01/07 (c) 3,000 3,084 National Rural Utilities Cooperative Finance Corp., 3.000%, 02/15/06 4,160 4,141 ------ 54,695 ------ ELECTRIC (0.6%) American Electric Power Co., Inc., Ser A, 6.125%, 05/15/06 303 308 Dominion Resources, Inc., Ser B, 7.625%, 07/15/05 1,500 1,502 PG&E Corp., 3.820%, 04/03/06 (b) 141 141 ------ 1,951 ------ MEDIA (0.9%) Comcast Cable Communications, Inc., 8.375%, 05/01/07 1,325 1,422 Time Warner, Inc., 6.150%, 05/01/07 1,155 1,195 ------ 2,617 ------ OIL & GAS (0.4%) Devon Energy Corp., 2.750%, 08/01/06 1,385 1,361 ------ REITS (1.0%) Equity Office Properties Trust, 8.375%, 03/15/06 1,505 1,550 Simon Property Group LP, 6.375%, 11/15/07 1,500 1,565 ------ 3,115 ------ TELECOMMUNICATIONS (2.4%) British Telecom PLC, 7.875%, 12/15/05 1,375 1,399 SBC Communications, Inc., 5.750%, 05/02/06 1,560 1,582 SBC Communications, Inc., 4.125%, 09/15/09 740 734 Verizon Global Funding Corp., 6.125%, 06/15/07 (c) 1,633 1,693 Verizon Wireless, Inc., 5.375%, 12/15/06 2,000 2,039 ------ 7,447 ------ TOTAL CORPORATE BONDS (COST $85,555) 85,056 ------ FOREIGN GOVERNMENT BOND (0.7%) CANADA (0.7%) Quebec Province, 5.500%, 04/11/06 2,000 2,029 ------ TOTAL FOREIGN GOVERNMENT BOND (COST $1,999) 2,029 ------ U.S. GOVERNMENT AGENCIES (35.4%) FANNIE MAE (12.7%) 2.625%, 01/19/07 4,625 4,544 3.750%, 05/17/07 3,875 3,864 6.942%, 08/01/07 1,224 1,278 6.790%, 11/01/07 3,173 3,289 4.200%, 03/24/08, Callable 03/24/06 @ 100 (c) 3,100 3,107 6.070%, 10/01/08 1,935 1,989 3.810%, 12/01/08 (b) 3,220 3,192 3.125%, 03/16/09, Callable 03/16/06 @ 100 (c) 1,625 1,573 6.850%, 08/01/09 3,174 3,425 5.000%, 11/25/26 2,665 2,697
4.347%, 09/01/33 (b) 1,888 1,915 4.417%, 10/01/33 (b) 2,202 2,269 4.324%, 03/01/34 (b) 3,080 3,064 4.341%, 03/01/34 (b) 2,718 2,730 -------- 38,936 -------- FEDERAL HOME LOAN BANK (5.9%) 3.250%, 08/15/05 2,885 2,884 4.875%, 11/15/06 (c) 14,000 14,184 3.500%, 05/15/07 885 879 -------- 17,947 -------- FREDDIE MAC (15.6%) 2.500%, 11/25/05 1,920 1,909 2.375%, 12/15/05 (c) 6,000 5,967 3.050%, 01/19/07 3,725 3,683 2.375%, 02/15/07 2,425 2,371 2.400%, 03/29/07 4,000 3,906 3.750%, 08/03/07, Callable 08/03/05 @ 100 (c) 8,390 8,366 4.000%, 07/01/08 2,570 2,556 3.875%, 01/12/09, Callable 01/12/06 @ 100 4,630 4,590 5.750%, 03/15/09 1,740 1,848 5.000%, 05/15/11 156 155 3.750%, 12/15/11 2,472 2,446 4.500%, 08/15/19 136 137 5.000%, 12/15/20 4,154 4,197 4.500%, 10/15/28 2,734 2,729 3.339%, 07/01/33 (b) 144 145 5.009%, 04/01/34 (b) 2,906 2,929 -------- 47,934 -------- SALLIE MAE (1.2%) 3.610%, 09/15/06 (b) 3,800 3,810 -------- TOTAL U.S. GOVERNMENT AGENCIES (COST $109,475) 108,627 -------- U.S. TREASURY OBLIGATIONS (17.2%) U.S. TREASURY NOTES (17.2%) 1.875%, 01/31/06 (c) 18,000 17,841 2.750%, 07/31/06 (c) 11,680 11,581 2.250%, 02/15/07 (c) 3,800 3,719 2.750%, 08/15/07 (c) 14,375 14,110 2.625%, 05/15/08 (c) 4,130 4,013 3.500%, 08/15/09 (c) 1,505 1,492 -------- TOTAL U.S. TREASURY OBLIGATIONS (COST $53,003) 52,756 -------- SHORT-TERM INVESTMENTS (30.8%) CSFB Enhanced Liquidity Portfolio (d) 94,255,668 94,256 -------- TOTAL SHORT-TERM INVESTMENTS (COST $94,256) 94,256 -------- MONEY MARKET FUNDS (3.2%) Federated Prime Value Money Market Fund 9,952,169 9,952 -------- TOTAL MONEY MARKET FUNDS (COST $9,952) 9,952 -------- TOTAL INVESTMENTS (COST $400,610) (A) - 130.2% 398,888 LIABILITIES IN EXCESS OF OTHER ASSETS - (30.2)% (92,405) -------- NET ASSETS - 100.0% $306,483 ========
---------- (a) Cost for federal income tax purposes is $400,712 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.......................... $ 359 Unrealized Depreciation.......................... (2,183) ------- Unrealized Appreciation (Depreciation)........... $(1,824) =======
(b) Variable rate security. Rate presented represents rate in effect at June 30, 2005. Maturity date represents actual maturity date. (c) This security or a partial position of the security was on loan at June 30, 2005. The total value of securities on loan at June 30, 2005 in thousands was $91,400. (d) This security was purchased with cash collateral held from securities lending. Cl - Class LP - Limited Partnership REIT - Real Estate Investment Trust Ser - Series SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FIXED INCOME FUNDS SHORT-TERM U.S. TREASURY SECURITIES FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- -------- U.S. TREASURY OBLIGATIONS (99.4%) U.S. TREASURY NOTES (99.4%) 6.500%, 08/15/05 $ 2,000 $ 2,008 5.750%, 11/15/05 3,000 3,027 1.875%, 12/31/05 3,000 2,977 1.875%, 01/31/06 3,000 2,974 1.625%, 02/28/06 3,000 2,964 1.500%, 03/31/06 2,000 1,971 2.250%, 04/30/06 3,000 2,969 4.625%, 05/15/06 4,000 4,038 2.750%, 06/30/06 3,000 2,977 7.000%, 07/15/06 5,000 5,173 2.375%, 08/31/06 6,000 5,918 2.500%, 09/30/06 3,000 2,960 2.500%, 10/31/06 2,000 1,972 2.875%, 11/30/06 6,000 5,939 3.125%, 01/31/07 9,000 8,929 6.250%, 02/15/07 4,000 4,167 4.375%, 05/15/07 7,000 7,093 2.750%, 08/15/07 8,000 7,852 3.000%, 11/15/07 6,000 5,913 3.375%, 02/15/08 8,000 7,942 3.750%, 05/15/08 11,000 11,025 -------- TOTAL U.S. TREASURY OBLIGATIONS (COST $101,328) 100,788 -------- MONEY MARKET FUNDS (0.0%) Federated U.S. Treasury Cash Reserves Fund 16,405 16 -------- TOTAL MONEY MARKET FUNDS (COST $16) 16 -------- TOTAL INVESTMENTS (COST $101,344) (A) - 99.4% 100,804 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.6% 635 -------- NET ASSETS - 100.0% $101,439 ========
---------- (a) Cost for federal income tax purposes is $101,418 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation..................... $ 54 Unrealized Depreciation..................... (668) ----- Unrealized Appreciation (Depreciation)...... $(614) =====
SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FIXED INCOME FUNDS STRATEGIC INCOME FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------ CORPORATE BONDS (24.4%) ADVERTISING (1.0%) Bear Creek Corp., 9.000%, 03/01/13, Callable 03/01/09 @ 104.50 $1,500 $1,463 R.H. Donnelley Corp., 10.875%, 12/15/12, Callable 12/15/07 @ 105.44 1,575 1,830 ------ 3,293 ------ AUTO PART & EQUIPMENT (0.6%) Goodyear Tire & Rubber Co., (The), 9.000%, 07/01/15, Callable 07/01/10 @ 104.5 (d) 2,000 1,965 ------ BUILDING MATERIALS (1.0%) Ainsworth Lumber Co. Ltd., 7.250%, 10/01/12, Callable 10/01/08 @ 100.63 2,000 1,905 U.S. Concrete, Inc., 8.375%, 04/01/14, Callable 04/01/09 @ 104.19 1,250 1,175 ------ 3,080 ------ CHEMICALS (1.0%) Equistar Chemicals LP, 10.625%, 05/01/11, Callable 05/01/07 @ 105.31 500 552 Huntsman International LLC, 11.625%, 10/15/10, Callable 10/15/07 @ 105.81 973 1,139 Lyondell Chemical Co., Ser A, 9.625%, 05/01/07 500 534 Rockwood Specialties Group, Inc., 7.500%, 11/15/14, Callable 11/15/09 @ 103.75 1,000 993 ------ 3,218 ------ COMMERCIAL SERVICES (0.7%) Rural/Metro Corp., 9.875%, 03/15/15, Callable 03/15/10 @ 104.94 (d) 1,000 990 United Rentals NA, Inc., 7.750%, 11/15/13, Callable 11/15/08 @ 103.88 1,250 1,228 ------ 2,218 ------ DIVERSIFIED FINANCIAL SERVICES (0.5%) Crystal US Holdings LLC, Ser B, 10.500%, 10/01/14, Callable 10/1/09 @ 105.25 (c) (g) 1,250 869 RMCC Acquisition Co., 9.500%, 11/01/12, Callable 11/01/08 @ 104.75 (d) 850 812 ------ 1,681 ------ ELECTRIC (1.9%) Allegheny Energy Supply Co. LLC, 8.250%, 04/15/12 (d) (e) 55 62 Aquila, Inc., 14.875%, 07/01/12 1,775 2,324
Edison Mission Energy, 10.000%, 08/15/08 750 842 Reliant Energy, Inc., 6.750%, 12/15/14, Callable 12/15/09 @ 103.38 (e) 1,880 1,838 Sierra Pacific Resources, 7.803%, 06/15/12, Callable 06/15/09 @ 103.90 155 161 Sithe/Independence Funding Corp., Ser A, 9.000%, 12/30/13 750 807 ----- 6,034 ----- ENTERTAINMENT (0.6%) Six Flags, Inc., 9.625%, 06/01/14, Callable 06/01/09 @ 104.81 1,500 1,402 WMG Holdings Corp., 9.500%, 12/15/14, Callable 12/15/09 @ 104.75 (c) (d) (g) 584 403 ----- 1,805 ----- ENVIRONMENT CONTROL (0.5%) Allied Waste Industries, 9.250%, 05/01/21 1,500 1,519 ----- FOOD (0.4%) Swift & Co., 12.500%, 01/01/10, Callable 10/01/06 @ 106.25 1,000 1,116 ----- FOREST PRODUCTS & PAPER (1.6%) Appleton Papers, Inc., 8.125%, 06/15/11, Callable 06/15/08 @ 104.06 500 488 Appleton Papers, Inc., Ser B, 9.750%, 06/15/14, Callable 06/15/09 @ 104.88 1,500 1,447 Boise Cascade LLC, 6.016%, 10/15/12, Callable 10/15/05 @ 102 (b) (d) 900 909 Neenah Paper, Inc., 7.375%, 11/15/14, Callable 11/15/09 @ 103.69 (d) 1,000 970 NewPage Corp., 12.000%, 05/01/13, Callable 05/01/09 @ 106 (d) (e) 1,250 1,238 ----- 5,052 ----- HEALTHCARE - PRODUCTS (1.3%) Medical Services Co., 10.939%, 10/15/11, Callable 10/15/07 @ 103 (b) 1,000 995 MQ Associates, Inc., 12.500%, 08/15/12, Callable 08/15/08 @ 109 (c) (d) (g) 3,125 1,625 Universal Hospital Services, Inc., 10.125%, 11/01/11, Callable 11/01/07 @ 105.06 1,460 1,475 ----- 4,095 ----- HEALTHCARE - SERVICES (2.7%) Ardent Health Services LLC, 10.000%, 08/15/13, Callable 08/15/08 @ 105 1,500 1,813 DaVita, Inc., 7.250%, 03/15/15, Callable 03/15/10 @ 103.63 (d) (e) 345 354 HealthSouth Corp., 10.750%, 10/01/08, Callable 08/18/05 @ 105.38 (e) 2,250 2,340 PacifiCare Health Systems, Inc., 10.750%, 06/01/09, Callable 6/1/06 @ 105.38 649 714 Radiologix, Inc., Ser B, 10.500%, 12/15/08, Callable 12/15/05 @ 105.25 1,000 1,050 US Oncology, Inc., 10.750%, 08/15/14, Callable 08/15/09 @ 105.38 2,100 2,289 -----
8,560 ----- HOLDING COMPANIES-DIVERSIFIED (0.2%) Leucadia National Corp., 7.000%, 08/15/13 500 500 ----- INSURANCE (0.9%) AFC Capital Trust I, Ser B, 8.207%, 02/03/27 1,000 1,133 Fairfax Financial Holdings Ltd., 7.750%, 04/26/12 (e) 500 475 Fairfax Financial Holdings Ltd., 8.300%, 04/15/26 (e) 1,500 1,283 ----- 2,891 ----- MACHINERY DIVERSIFIED (0.5%) NMGH Holding Co., 10.000%, 05/15/09, Callable 05/15/06 @ 105 1,500 1,575 ----- MEDIA (2.5%) Dex Media, Inc., 8.500%, 11/15/13, Callable 11/15/08 @ 104.50 (c) (g) 1,500 1,208 Houghton Mifflin Co., 12.553%, 10/15/13 (c) (e) (g) 2,500 1,825 Kabel Deutschland Gmbh, 10.625%, 07/01/14, Callable 07/01/09 @ 105.31 (d) 2,200 2,387 Mediacom LLC, 9.500%, 01/15/13, Callable 01/15/06 @ 104.75 (e) 1,495 1,491 PRIMEDIA, Inc., 7.625%, 04/01/08, Callable 04/01/06 @ 100 (e) 1,000 1,011 ----- 7,922 ----- OIL & GAS (0.0%) Compagnie Generale de Geophysique SA, 7.500%, 05/15/15, Callable 05/15/10 @ 103.75 (d) 120 125 ----- PACKAGING & CONTAINERS (1.0%) Berry Plastics Corp., 10.750%, 07/15/12, Callable 07/15/07 @ 105.38 420 458 Crown Euro Holdings SA, 9.500%, 03/01/11, Callable 03/01/07 @ 104.75 500 553 Plastipak Holdings, Inc., 10.750%, 09/01/11, Callable 09/01/06 @ 105.38 1,000 1,102 Stone Container Corp., 9.250%, 02/01/08 1,000 1,045 ----- 3,158 ----- PIPELINES (0.5%) Dynegy Holdings, Inc., 10.125%, 07/15/13, Callable 07/15/08 @ 105.06 (d) 1,500 1,695 ----- REAL ESTATE (0.6%) American Real Estate Partners LP, 7.125%, 02/15/13, Callable 02/15/09 @ 103.56 1,000 980 CB Richard Ellis Group, Inc., 9.750%, 05/15/10, Callable 05/15/07 @ 104.88 750 833 ----- 1,813 ----- REITS (0.3%) Host Marriott LP, Ser G, 9.250%, 10/01/07 750 810 -----
RETAIL (0.4%) Carrols Holdings Corp., 9.000%, 01/15/13, Callable 01/15/09 @ 104.50 (d) 900 911 United Auto Group, Inc., 9.625%, 03/15/12, Callable 03/15/07 @ 104.81 200 214 ------ 1,125 ------ TELECOMMUNICATIONS (3.7%) Citizens Communications Co., 9.250%, 05/15/11 1,000 1,116 Citizens Communications Co., 9.000%, 08/15/31 1,000 1,025 MCI, Inc., 7.688%, 05/01/09, Callable 05/01/06 @ 102.84 1,500 1,562 Nextel Communications, Inc., 7.375%, 08/01/15, Callable 08/01/08 @ 103.69 1,750 1,890 PanAmSat Holdings Corp., 9.000%, 08/15/14, Callable 08/15/09 @ 104.50 828 904 Qwest Communications International, Inc., 7.250%, 02/15/11, Callable 02/15/08 @ 103.62 (e) 2,000 1,934 Qwest Corp., 8.875%, 06/01/31, Callable 08/22/05 @ 104.73 500 505 Rogers Wireless, Inc., 6.375%, 03/01/14 750 763 Valor Telecommunications Group, Inc., 7.750%, 02/15/15, Callable 02/15/10 @ 103.88 (d) 1,000 983 Zeus Special Subsidiary Ltd., 10.204%, 02/01/15, Callable 02/01/10 @ 104.63 (c) (d) (e) (g) 1,500 1,001 ------ 11,683 ------ TOTAL CORPORATE BONDS (COST $77,077) 76,933 ------ FOREIGN GOVERNMENT BONDS (31.0%) BRAZIL (1.2%) Republic of Brazil, 9.250%, 10/22/10 840 935 Republic of Brazil, 7.875%, 03/07/15 860 875 Republic of Brazil, 11.000%, 08/17/40, Callable 8/17/15 @100 (e) 1,595 1,918 ------ 3,728 ------ CANADA (CAD) (4.4%) Canada Government, 5.000%, 06/01/14 10,865 9,669 Canada Government, 5.750%, 06/01/33 4,360 4,405 ------ 14,074 ------ COLUMBIA (0.2%) Republic of Colombia, 10.750%, 01/15/13 455 553 ------ JAPAN (YEN) (20.0%) Japan Government, Ser 16, 2.500%, 09/20/34 893,150 8,598 Japan Government, Ser 227, 0.100%, 12/20/06 1,620,350 14,627 Japan Government, Ser 265, 1.500%, 12/20/14 1,533,950 14,319
Japan Government, Ser 42, 0.600%, 12/20/09 2,826,100 25,768 ------- 63,312 ------- NORWAY (NOK) (4.3%) Norwegian Government, 6.750%, 01/15/07 73,710 12,012 Norwegian Government, 5.000%, 05/15/15 8,500 1,465 ------- 13,477 ------- PANAMA (0.4%) Republic of Panama, 7.250%, 03/15/15 805 875 Republic of Panama, 8.875%, 09/30/27 240 286 ------- 1,161 ------- RUSSIA (0.5%) Russian Federation, 5.000%, 03/31/30 (d) (g) 1,475 1,652 ------- TOTAL FOREIGN GOVERNMENT BONDS (COST $100,633) 97,957 ------- PREFERRED STOCK (0.5%) MEDIA (0.5%) Primedia, Inc., Ser H 15,000 1,474 ------- TOTAL PREFERRED STOCK (COST $1,425) 1,474 ------- U.S. TREASURY OBLIGATIONS (39.9%) U.S. TREASURY BONDS (4.7%) 5.375%, 02/15/31 (e) 12,480 14,726 ------- U.S. TREASURY NOTES (35.2%) 1.500%, 07/31/05 (e) 14,985 14,965 3.500%, 05/31/07 (e) 58,045 57,869 3.625%, 06/15/10 (e) 12,230 12,176 4.875%, 02/15/12 (e) 6,365 6,760 4.125%, 05/15/15 (e) 19,250 19,531 ------- 111,301 ------- TOTAL U.S. TREASURY OBLIGATIONS (COST $125,910) 126,027 ------- YANKEE DOLLAR (0.7%) FOOD (0.4%) Burns, Philp Capital Property Ltd., 9.750%, 07/15/12, Callable 07/15/07 @ 104.88 1,000 1,075 ------- TELECOMMUNICATIONS (0.3%) National Cable PLC, 8.141%, 10/15/12, Callable 08/19/05 @ 103 (b) 1,000 1,030 ------- TOTAL YANKEE DOLLAR (COST $2,034) 2,105 ------- SHORT-TERM INVESTMENTS (48.1%) Brown Brothers Harriman & Co., Cayman Islands Cash Sweep, 1.730% 17,392,774 17,393 CSFB Enhanced Liquidity Portfolio (f) 134,587,728 134,587 ------- TOTAL SHORT-TERM INVESTMENTS (COST $151,981) 151,980 -------
TOTAL INVESTMENTS (COST $459,060) (A) - 144.6% 456,476 LIABILITIES IN EXCESS OF OTHER ASSETS - (44.6)% (140,801) --------- NET ASSETS - 100.0% $ 315,675 =========
---------- (a) Represents cost for financial reporting purposes. Cost for federal income tax purposes is $459,125 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $ 2,093 Unrealized Depreciation.................. (4,742) ------- Unrealized Appreciation (Depreciation)... $(2,649) =======
(b) Variable rate security. Rate presented represents rate in effect at June 30, 2005. Maturity date represents actual maturity date. (c) Rate represents the effective yield at purchase. (d) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund's advisor has deemed this security to be liquid based upon procedures approved by the Board of Trustees. (e) This security or a partial position of the security was on loan at June 30, 2005. The total value of securities on loan at June 30, 2005 in thousands was $131,098. (f) This security was purchased with cash collateral held from securities lending. (g) Step bond. CAD - Principal Amount is in Canadian Dollar. EUR - Principal Amount is in Euro. LLC - Limited Liability Corporation LP - Limited Partnership NOK - Principal Amount is in Norwegian Krone. REIT - Real Estate Investment Trust Ser - Series YEN - Principal Amount is in Japenese Yen. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FIXED INCOME FUNDS U.S. GOVERNMENT SECURITIES FUND Schedule of Portfolio Investments June 30, 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, Cl A7, 2.650%, 11/15/10 $ 1,000 $ 962 -------- TOTAL ASSET BACKED SECURITIES (COST $972) 962 -------- U.S. GOVERNMENT AGENCIES (37.0%) FANNIE MAE (32.5%) 6.000%, 11/01/07 35 36 4.717%, 08/25/12 5,000 5,084 4.000%, 11/01/13 7,529 7,494 6.000%, 07/01/16 2,118 2,190 6.000%, 07/01/16 1,089 1,126 5.500%, 04/01/17 2,739 2,812 5.500%, 09/01/17 2,481 2,548 5.500%, 04/01/18 1,192 1,224 6.290%, 08/01/18 1,210 1,254 5.500%, 11/01/18 8,124 8,345 8.750%, 12/25/20 7 7 7.000%, 06/01/32 1,870 1,973 5.316%, 03/01/33 (b) 8,411 8,525 6.000%, 03/01/33 2,131 2,186 5.185%, 04/01/33 2,920 2,949 4.107%, 08/01/33 (b) 10,486 10,469 6.000%, 10/01/33 3,344 3,429 3.998%, 11/01/33 (b) 3,596 3,576 6.000%, 01/01/34 5,075 5,205 6.000%, 02/01/34 5,953 6,105 6.000%, 02/01/34 3,538 3,628 6.000%, 04/01/34 10,823 11,101 4.570%, 05/01/34 (b) 7,017 7,029 4.752%, 05/01/34 (b) 8,891 8,827 4.032%, 06/01/34 (b) 4,199 4,184 4.282%, 06/01/34 (b) 3,160 3,174 -------- 114,480 -------- FREDDIE MAC (1.6%) 4.875%, 11/15/13 2,500 2,616 6.000%, 01/01/34 3,111 3,192 -------- 5,808 -------- GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (2.9%) 7.500%, 10/20/09 4 4 6.000%, 12/15/31 2,400 2,478 5.500%, 12/15/32 2,426 2,481 6.000%, 03/15/33 1,155 1,193 3.750%, 01/20/34 4,276 4,232 -------- 10,388 -------- TOTAL U.S. GOVERNMENT AGENCIES (COST $130,762) 130,676 --------
U.S. TREASURY OBLIGATIONS (58.2%) U.S. TREASURY BONDS (8.9%) 5.375%, 02/15/31 (c) 26,735 31,547 --------- U.S. TREASURY NOTES (49.3%) 1.500%, 07/31/05 (c) 28,000 27,963 5.750%, 11/15/05 24,300 24,515 2.000%, 05/15/06 (c) 25,000 24,680 3.625%, 07/15/09 (c) 13,350 13,306 6.000%, 08/15/09 25,000 27,163 3.375%, 09/15/09 (c) 19,750 19,485 4.250%, 08/15/13 (c) 24,400 25,010 4.250%, 11/15/14 (c) 11,500 11,770 --------- 173,892 --------- TOTAL U.S. TREASURY OBLIGATIONS (COST $202,226) 205,439 --------- SHORT-TERM INVESTMENTS (42.6%) CSFB Enhanced Liquidity Portfolio (d) 150,398,406 150,398 --------- TOTAL SHORT-TERM INVESTMENTS (COST $150,398) 150,398 --------- REPURCHASE AGREEMENTS (4.0%) Merrill Lynch & Co., Inc., 3.255%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $14,2334,578 (collateralized by U.S. Government Agencies, 5.000%, due 07/01/35; total market value 14,522,290) 14,232 14,232 --------- TOTAL REPURCHASE AGREEMENTS (COST $14,232) 14,232 --------- TOTAL INVESTMENTS (COST $498,590) (A) - 142.1% 501,707 LIABILITIES IN EXCESS OF OTHER ASSETS - (42.1)% (148,612) --------- NET ASSETS - 100.0% $ 353,095 =========
---------- (a) Represents cost for financial reporting purposes. Cost for federal income tax purposes is $498,603 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $4,015 Unrealized Depreciation.................. (911) ------ Unrealized Appreciation (Depreciation)... $3,104 ======
(b) Variable rate security. Rate presented represents rate in effect at June 30, 2005. Maturity date represents actual maturity date. (c) This security or a partial position of the security was on loan at June 30, 2005. The total value of securities on loan at June 30, 2005 in thousands was $146,098. (d) This security was purchased with cash collateral held from securities lending. Cl - Class Ser - Series SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FIXED INCOME FUNDS VIRGINIA INTERMEDIATE MUNICIPAL BOND FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------- MUNICIPAL BONDS (98.7%) DISTRICT OF COLUMBIA (1.0%) Metropolitan Washington DC Airports Authority, Ser B, RB, 5.250%, 10/01/19, Callable 10/01/13 @ 100 $1,685 $1,859 ------ VIRGINIA (94.3%) Albemarle County Industrial Development Authority, Residential Care Facilities, Ser A, RB, 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 2,052 Arlington County Industrial Development Authority, Hospital Facilities, RB, 5.500%, 07/01/11 2,000 2,215 Arlington County Industrial Development Authority, Hospital Facilities, RB, 5.500%, 07/01/17, Callable 07/01/11 @ 101 2,225 2,411 Arlington County Industrial Development Authority, Resource Recovery, Ser B, RB, AMT, 5.375%, 01/01/11, Callable 07/01/08 @ 101 2,785 2,963 Chesapeake Economic Development Authority, RB, 5.000%, 06/01/11, MBIA 1,995 2,188 Chesapeake Water & Sewer Project, GO, 5.000%, 12/01/19, Callable 12/01/14 @ 101 2,465 2,721 Chesapeake Water & Sewer Project, GO, 5.000%, 12/01/20, Callable 12/01/14 @ 101 3,640 3,999 Chesapeake, GO, 5.400%, 12/01/08 2,500 2,707 Chesterfield County Industrial Development Authority, Virginia State University Real Estate Project, Ser A, RB, 2.300%, 07/01/29, LOC: Bank of America N.A. (b) 1,360 1,360 Commonwealth Transportation Board, Ser A, RB, 5.375%, 05/15/13, Callable 05/01/11 @100 2,045 2,278 Dinwiddie County Development Authority, Ser B, RB, 5.000%, 02/15/24, Callable 02/15/14 @ 100, MBIA 1,750 1,869 Education Loan Authority, Guaranteed Student Loan Program, Ser B, RB, AMT, 5.550%, 09/01/10 1,515 1,542
Fairfax County Water Authority, RB, 6.000%, 04/01/22, Callable 04/01/07 @ 102 5,560 5,952 Fairfax County, Ser A, GO, 5.000%, 04/01/16, Callable 04/01/14 @ 100 2,500 2,775 Fauquier County Industrial Development Authority, RB, 5.000%, 10/01/06, LOC: Radian 1,180 1,210 Front Royal & Warren County Development Authority, Ser B, RB, 5.000%, 04/01/23, Callable 04/01/14 @ 100 2,485 2,659 Greater Richmond Convention Center Authority, Hotel Tax, RB, 6.000%, 06/15/13, Callable 06/15/10 @ 101 3,185 3,634 Greater Richmond Convention Center Authority, Hotel Tax, RB, 5.000%, 06/15/16, Callable 06/15/15 @ 100, MBIA 2,855 3,167 Halifax County Industrial Development Authority, RB, 3.000%, 09/01/06 1,125 1,124 Hampton, Ser A, GO, 5.500%, 07/15/18, Callable 07/15/12 @ 101 1,275 1,447 Hanover County Industrial Development Authority, Regional Medical Care Project, RB, 6.375%, 08/15/18, MBIA 5,100 6,181 Harrisonburg Industrial Development Authority, RB, 5.750%, 12/01/13, Callable 12/01/05 @ 100, MBIA 3,000 3,006 Henrico County Economic Development Authority, Residential Care Facilities, Ser A, RB, 3.750%, 06/01/06 255 256 Henrico County Economic Development Authority, Residential Care Facilities, Ser A, RB, 4.250%, 06/01/07 525 531 Henrico County Economic Development Authority, Residential Care Facilities, Ser A, RB, 5.000%, 06/01/10 1,000 1,032 Henrico County Economic Development Authority, Residential Care Facilities, Ser A, RB, 6.500%, 06/01/22, Callable 06/01/12 @ 100 1,000 1,068 Henrico County Industrial Development Authority, Lease Revenue, RB, 5.150%, 06/01/07, Callable 06/01/06 @ 102 2,500 2,604 Henrico County Industrial Development 1,000 1,003 Authority, RB, 5.300%, 12/01/11 Henrico County, GO, 5.000%, 01/15/08 2,220 2,344 James City County Industrial Development Authority, Residential Care Facility, Ser B, RB, 5.375%, 03/01/26, Callable 09/01/05 @ 100 2,000 2,003 Loudoun County Industrial Development Authority, Loudoun Hospital Center, RB, 6.000%, 06/01/22, Callable 06/01/12 @ 101 1,000 1,160 Loudoun County Industrial Development Authority, Residential Care Facilities, Ser A, RB, 6.000%, 08/01/24, Callable 08/01/14 @ 100 1,000 1,049
Loudoun County Industrial Development Authority, Residential Care Facilities, Ser B, RB, 5.000%, 08/01/28, Callable 08/01/07 @ 101 1,075 1,111 Loudoun County Sanitation Authority, Water & Sewage, RB, 5.000%, 01/01/25, Callable 01/01/15 @ 100 3,165 3,408 Loudoun County, Public Improvement, Ser B, GO, 5.000%, 06/01/16, Callable 06/01/15 @ 100 4,635 5,196 Loudoun County, Ser A, GO, 5.000%, 11/01/06 2,000 2,062 Loudoun County, Ser A, GO, 5.000%, 07/01/13 3,000 3,352 Lynchburg, GO, 3.000%, 06/01/06, Callable 08/12/05 @ 100 2,100 2,098 Lynchburg, Ser A, GO, 5.000%, 06/01/17, Callable 06/01/15 @ 100 2,485 2,762 Montgomery County Industrial Development Authority, RB, 5.500%, 01/15/18, Callable 01/15/12 @ 101, AMBAC 1,865 2,090 Newport News, GO, 5.250%, 07/01/15 3,000 3,434 Newport News, GO, 5.000%, 05/01/19, Callable 05/01/14 @ 101 2,000 2,198 Norfolk Industrial Development Authority, RB, 6.900%, 06/01/06, AMBAC 1,000 1,037 Northwestern Regional Jail Authority Facilities, RB, 3.750%, 07/01/08, Callable 07/01/07 @ 100 1,225 1,242 Peninsula Ports Authority, Residential Care Facility, Ser A, RB, 7.375%, 12/01/23, Callable 12/01/13 @ 100 1,525 1,704 Richmond, GO, 5.500%, 01/15/12, Callable 01/15/11 @ 101 2,500 2,813 Richmond, GO, 5.500%, 01/15/18, Callable 01/10/11 @ 101, FSA 2,755 3,060 Richmond, GO, 5.000%, 07/15/23, Callable 07/15/14 @ 100, FSA 1,500 1,619 Roanoke Industrial Development Authority, Carilion Health System, Ser A, RB, 5.750%, 07/01/13, Callable 07/01/12 @ 100 2,000 2,269 Roanoke Industrial Development Authority, Carilion Health System, Ser A, RB, 5.750%, 07/01/14, Callable 07/01/12 @ 100 2,000 2,260 Roanoke Industrial Development Authority, Carilion Health System, Ser A, RB, 5.500%, 07/01/18, Callable 07/01/12 @ 100 2,000 2,201 Roanoke Industrial Development Authority, Carilon Health System, Ser C, RB, 2.270%, 07/01/27, LOC: Wachovia Bank N.A. (b) 1,600 1,600 Roanoke Public Improvement, Ser B, GO, 5.000%, 02/01/24, Callable 02/01/15 @ 101 2,500 2,716
Russell County Industrial Development Authority, Pollution Control, Appalachian Power Co. Project, Ser I, RB, 2.700%, 11/01/07, Mandatory Put 11/01/06 @ 100 (b) 1,000 995 Southwest Regional Jail Authority Facilities, RB, 3.000%, 09/01/06, Callable 09/01/05 @ 100 1,750 1,751 Spotsylvania County Water & Sewer, RB, 5.000%, 06/01/26 2,635 2,823 Tobacco Settlement Financing Corp., RB, 4.000%, 06/01/13 1,000 1,006 Tobacco Settlement Financing Corp., RB, 5.250%, 06/01/19, Callable 06/01/15 @ 100 1,750 1,798 Tobacco Settlement Financing Corp., RB, 5.500%, 06/01/26, Callable 06/01/15 @ 100 3,000 3,078 Virginia Beach Development Authority, Ser A, RB, 5.375%, 08/01/16, Callable 08/01/12 @ 100 1,650 1,837 Virginia College Building Authority, Educational Facilities Project, RB, 5.375%, 01/01/21, Callable 01/01/16 @ 100 2,990 3,484 Virginia College Building Authority, Educational Facilities Project, Ser A, RB, 5.000%, 02/01/15, Callable 02/01/14 @ 100 4,510 5,000 Virginia Housing Development Authority, Commonwealth Mortgage Project, Ser A, RB, AMT, 2.000%, 07/01/06 750 744 Virginia Housing Development Authority, Commonwealth Mortgage Project, Ser I, RB, AMT, 3.750%, 07/01/05 1,000 1,000 Virginia Housing Development Authority, Commonwealth Mortgage Project, Ser J, RB, 4.875%, 07/01/13, Callable 07/01/11 @ 100, MBIA 2,500 2,632 Virginia Housing Development Authority, Multifamily, Ser E, RB, AMT, 5.350%, 11/01/11, Callable 01/01/08 @ 102 1,250 1,322 Virginia Housing Development Authority, Multifamily, Ser H, RB, AMT, 5.625%, 11/01/18, Callable 11/01/09 @ 100 3,500 3,654 Virginia Housing Development Authority, Multifamily, Ser I, RB, AMT, 4.875%, 11/01/12, Callable 01/01/09 @ 101 1,950 2,020 Virginia Polytechnic Institute & State University, Ser D, RB, 5.125%, 06/01/21, Callable 06/01/14 @ 101, AMBAC 1,095 1,212 Virginia Port Authority, Commonwealth Port Fund, RB, AMT, 5.900%, 07/01/16, Callable 07/01/06 @ 101 2,000 2,074
Virginia Public School Authority, Ser B, RB, 5.000%, 08/01/13, Callable 08/01/10 @ 101 2,910 3,183 Virginia Public School Authority, Ser D, RB, 5.000%, 02/01/11 2,000 2,190 Virginia Resources Authority, Infrastructure, RB, 5.000%, 11/01/22, Callable 11/01/13 @ 100 1,670 1,814 Virginia State Public Building Authority, RB, 5.100%, 08/01/05 500 501 Virginia State Resource Authority, Senior Infrastructure, Ser B, RB, 5.000%, 11/01/26, Callable 11/01/14 @ 100 2,185 2,350 Virginia Transportation Board Contract, Ser B, RB, 6.750%, 05/15/06 3,605 3,732 York County Industrial Development Authority, Pollution Control Project, RB, 5.500%, 07/01/09, Callable 11/08/06 @ 101 640 667 -------- 173,705 -------- PUERTO RICO (3.4%) Puerto Rico Commonwealth Highway & Transportation Authority, Ser AA, RB, 5.000%, 07/01/06 1,500 1,532 Puerto Rico Electric Power Authority, RB, 4.000%, 07/01/05, ETM 1,665 1,665 Puerto Rico Electric Power Authority, RB, 4.000%, 07/01/05 195 195 Puerto Rico Electric Power Authority, Ser RR, RB, 5.000%, 07/01/26, Callable 07/01/15 @ 100, LOC: XLCA 2,610 2,817 -------- 6,209 -------- TOTAL MUNICIPAL BONDS (COST $176,390) 181,773 -------- MONEY MARKET FUNDS (0.3%) Federated Virginia Municipal Cash Trust, Institutional Class 544,747 545 -------- TOTAL MONEY MARKET FUNDS (COST $545) 545 -------- TOTAL INVESTMENTS (COST $176,935) (A) - 99.0% 182,318 OTHER ASSETS IN EXCESS OF LIABILITIES - 1.0% 1,791 -------- NET ASSETS - 100.0% $184,109 ========
---------- (a) Represents cost for financial reporting purposes. Cost for federal income tax purposes is $176,952 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $5,448 Unrealized Depreciation.................. (82) ------ Unrealized Appreciation (Depreciation)... $5,366 ======
(b) Variable rate security. Rate presented represents rate in effect at June 30, 2005. Maturity date represents actual maturity date. AMBAC - Security insured by the American Municipal Bond Assurance Corporation. AMT - Alternative Minimum Tax Paper FSA - Security insured by Financial Security Assurance. GO - General Obligation LOC - Line of Credit MBIA - Security insured by the Municipal Bond Insurance Association. RB - Revenue Bond Ser - Series SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FIXED INCOME FUNDS VIRGINIA MUNICIPAL BOND FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------ MUNICIPAL BONDS (99.7%) DISTRICT OF COLUMBIA (1.9%) Metropolitan Washington Airports Authority, Airport System, Ser A, RB, AMT, 5.500%, 10/01/27, Callable 10/01/11 @ 101 $1,000 $1,086 ------ VIRGINIA (97.8%) Amherst County Service Authority, RB, 6.000%, 12/15/20, Callable 12/15/10 @ 102 500 532 Amherst County Service Authority, RB, 6.000%, 12/15/30, Callable 12/15/10 @ 102 1,750 1,841 Blacksburg Polytechnic Institute Sanitation Authority, RB, 4.150%, 11/01/06 500 508 Bristol Utility System, RB, 5.250%, 07/15/23, Callable 07/15/13 @ 100, MBIA 1,000 1,107 Chesterfield County Industrial Development Authority, Meadowville Tech Park Project, Ser A, RB, 2.290%, 08/01/24, LOC: SunTrust Bank (b) 1,000 1,000 Fairfax County Economic Development Authority, RB, 5.000%, 04/01/29, Callable 01/01/14 @ 100, MBIA 1,000 1,067 Fairfax County Sewer, RB, 5.800%, 07/15/22, Callable 07/15/06 @ 102, MBIA, 1,000 1,052 Fairfax County, GO, 5.000%, 01/15/26, Callable 01/15/15 @ 100 1,000 1,081 Fairfax County, Ser A, GO, 5.000%, 04/01/16, Callable 04/01/14 @ 100 1,500 1,664 Greater Richmond Convention Center Authority, Hotel Tax, RB, 5.500%, 06/15/08 550 586 Greater Richmond Convention Center Authority, Hotel Tax, RB, 5.000%, 06/15/25, Callable 06/15/15 @ 100, MBIA 1,000 1,074 Greater Richmond Convention Center Authority, Hotel Tax, RB, 6.125%, 06/15/25, Callable 06/15/10 @ 101 1,200 1,376 Hampton Virginia Golf Course, RB, 6.000%, 12/01/12 974 1,023 Hanover County Industrial Development Authority, Regional Medical Care Project, 1,000 1,213
RB, 6.375%, 08/15/18, MBIA Henrico County Economic Development Authority Residential Care Facilities, Ser B, RB, 2.290%, 07/01/08, LOC: KBC Bank N.V. (b) 200 200 Henrico County Economic Development Authority, Ser A, RB, 5.850%, 07/20/19, Callable 7/20/09 @ 102, GNMA 400 435 Henrico County Economic Development Authority, Ser A, RB, 5.900%, 07/20/29, Callable 07/20/09 @ 102, GNMA 500 551 Henrico County Industrial Development Authority, RB, AMT, 3.350%, 03/01/16, Callable 08/22/05 @ 100, LOC: First Union National Bank (b) 1,045 1,039 Henry County Public Service Authority, Water & Sewer, RB, 5.250%, 11/15/13, FSA 1,500 1,692 Loudon County, Ser A, GO, 5.250%, 05/01/18, Callable 05/01/12 @ 100 1,260 1,414 Loudoun County Industrial Development Authority, Public Safety Facilities Lease, Ser A, RB, 5.250%, 12/15/17, Callable 06/15/14 @ 100 1,110 1,240 Loudoun County Industrial Development Authority, Residential Care Facilities, Ser A, RB, 6.000%, 08/01/24, Callable 08/01/14 @ 100 750 787 Lynchburg Industrial Development Authority, Healthcare Facilities, RB, 5.250%, 01/01/11, Callable 01/01/08 @ 101 1,000 1,052 Newport News Redevelopment & Housing Authority, RB, 5.850%, 12/20/30, Callable 08/20/07 @ 102, GNMA 500 521 Northwestern Regional Jail Authority, Jail Facilities, RB, 3.750%, 07/01/08, Callable 07/01/07 @ 100 1,000 1,014 Peninsula Ports Authority, Residential Care Facility, Ser A, RB, 7.375%, 12/01/23, Callable 12/01/13 @ 100 525 587 Pittsylvania County, Ser B, GO, 5.625%, 03/01/15, Callable 03/01/11 @ 102, MBIA 1,000 1,134 Prince William County Virginia, Industrial Development Authority, ATCC Lease Project, RB, 5.000%, 02/01/15 1,010 1,123 Prince William County Virginia, Industrial Development Authority, ATCC Lease Project, RB, 5.250%, 02/01/16 1,055 1,199 Richmond Industrial Development Authority, Student Housing, RB, 5.450%, 01/01/21, Callable 01/01/11 @ 102 1,000 1,078 Richmond Public Utility, RB, 5.000%, 01/15/23, Callable 01/15/15 @ 100 1,000 1,081 Richmond, GO, 5.500%, 01/15/15, Callable 01/15/11 @ 101 1,290 1,436 Richmond, GO, 5.500%, 01/15/18, 1,000 1,111
Callable 01/10/11 @ 101, FSA Riverside Regional Jail Authority, Jail Facility, RB, 5.875%, 07/01/14, Prerefunded 07/01/05 @ 102, MBIA 910 928 Roanoke Industrial Development Authority, Carilion Health System, Ser A, RB, 5.500%, 07/01/16, Callable 07/01/12 @ 100 1,000 1,106 Roanoke Industrial Development Authority, Carilion Health System, Ser A, RB, 5.500%, 07/01/21, Callable 07/01/12 @ 100 1,000 1,094 Southwest Regional Jail Authority, RB, 5.125%, 09/01/14, Callable 09/01/13 @ 100, MBIA 1,095 1,214 Spotsylvania County Water & Sewer Systems, RB, 5.000%, 06/01/15 1,000 1,121 Spotsylvania County Water & Sewer, RB, 5.000%, 06/01/26 1,000 1,071 Tobacco Settlement Financing Corp., RB, 4.000%, 06/01/13 1,000 1,006 Tobacco Settlement Financing Corp., RB, 5.500%, 06/01/26, Callable 06/01/15 @ 100 1,000 1,026 University of Virginia, RB, 5.000%, 06/01/17, Callable 06/01/15 @ 100 1,000 1,117 Virginia Commonwealth Transportation Board, RB, 5.500%, 10/01/05 1,000 1,007 Virginia Commonwealth Transportation Board, Ser A, RB, 5.375%, 05/15/12, Callable 05/15/11 @ 100 1,500 1,674 Virginia Housing Development Authority, Ser D, RB, AMT, 5.375%, 04/01/06 715 726 Virginia Polytechnic Institute & State University, Ser D, RB, 5.125%, 06/01/21, Callable 06/01/14 @ 101, AMBAC 1,000 1,107 Virginia Port Authority, Commonwealth Port Fund, RB, AMT, 5.900%, 07/01/16, Callable 07/01/06 @ 101 1,000 1,037 Virginia Port Authority, CommonWealth Port Fund, Ser B, RB, 5.000%, 07/01/30, Callable 07/01/15 @ 100, FSA 1,000 1,072 Virginia Public School Authority, Ser A, RB, 5.000%, 08/01/24, Callable 08/01/14 @ 100 1,365 1,469 Virginia Public School Authority, Ser C, RB, 5.000%, 08/01/08, LOC: State Aid Withholding 500 511 Virginia Resources Authority, Infrastructure, RB, 5.000%, 11/01/22, Callable 11/01/13 @ 100 1,250 1,358 Virginia Resources Authority, Infrastructure, Ser A, RB, 5.800%, 05/01/30, Callable 05/01/11 @ 101 1,500 1,682 Virginia State Resource Authority, Clean Water, RB, 5.500%, 10/01/16 1,000 1,173 -----
56,317 ------- TOTAL MUNICIPAL BONDS (COST $55,044) 57,403 ------- MONEY MARKET FUNDS (1.3%) Federated Virginia Municipal Cash Trust, Institutional Class 772,664 773 ------- TOTAL MONEY MARKET FUNDS (COST $773) 773 ------- TOTAL INVESTMENTS (COST $55,817) (A) - 101.0% 58,176 LIABILITIES IN EXCESS OF OTHER ASSETS - (1.0)% (599) ------- NET ASSETS - 100.0% $57,577 =======
---------- (a) Represents cost for financial reporting purposes. Cost for federal income tax purposes is $55,818 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $2,383 Unrealized Depreciation.................. (25) ------ Unrealized Appreciation (Depreciation)... $2,358 ======
(b) Variable rate security. Rate presented represents rate in effect at June 30, 2005. Maturity date represents actual maturity date. AMBAC - Security insured by the American Municipal Bond Assurance Corporation. AMT - Alternative Minimum Tax Paper FSA - Security insured by Financial Security Assurance. GNMA - Security insured by the Government National Mortgage Association. GO - General Obligation LOC - Line of Credit MBIA - Security insured by the Municipal Bond Insurance Association. RB - Revenue Bond Ser - Series SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS AGGRESSIVE GROWTH STOCK FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------- COMMON STOCKS (96.5%) CONSUMER DISCRETIONARY (20.7%) Best Buy Co., Inc. 28,000 $ 1,919 Blue Nile, Inc. * 29,500 964 Coach, Inc. * 51,000 1,712 eBay, Inc. * 84,000 2,773 Garmin Ltd. 4,254 182 Getty Images, Inc. * 4,302 319 IAC/Interactive Corp. * 63,600 1,530 Omnicom Group, Inc. 11,600 926 Starbucks Corp. * 60,300 3,116 Walt Disney Co. (The) 63,300 1,594 ------- 15,035 ------- CONSUMER STAPLES (5.2%) Avon Products, Inc. 46,000 1,741 Whole Foods Market, Inc. 17,100 2,023 ------- 3,764 ------- FINANCIALS (11.0%) BlackRock, Inc., Cl A 13,500 1,086 Calamos Asset Management, Inc., Cl A 15,000 409 Capital One Financial Corp. 39,100 3,128 Investors Financial Services Corp. 43,700 1,653 Portfolio Recovery Associates, Inc. * 9,600 403 SLM Corp. 25,200 1,280 ------- 7,959 ------- HEALTH CARE (16.6%) Alcon, Inc. 11,000 1,203 Biosite, Inc. * 14,100 775 Cephalon, Inc. * 26,900 1,071 Genentech, Inc. * 22,241 1,785 Gilead Sciences, Inc. * 61,300 2,696 Johnson & Johnson 17,900 1,164 Kyphon, Inc. * 11,800 411 Laboratory Corp. of America Holdings * 1,472 73 Medicis Pharmaceutical Corp., Cl A 24,000 762 Psychiatric Solutions, Inc. * 8,500 414 Varian Medical Systems, Inc. * 12,900 482 Wright Medical Group, Inc. * 44,000 1,175 ------- 12,011 ------- INDUSTRIALS (1.8%) Monster Worldwide, Inc. * 44,902 1,288 ------- INFORMATION TECHNOLOGY (38.1%) Adobe Systems, Inc. 11,500 329 Alliance Data Systems Corp. * 28,100 1,140 Apple Computer, Inc. * 68,800 2,533 Broadcom Corp., Cl A * 25,500 906 CheckFree Corp. * 4,869 166 Cisco Systems, Inc. * 19,225 367
CNET Networks, Inc. * 82,600 970 Cognizant Technology Solutions Corp., 74,200 3,496 Cl A * Dell, Inc. * 42,200 1,667 Euronet Worldwide, Inc. * 13,800 401 First Data Corp. 3,382 136 Fiserv, Inc. * 6,081 261 Flextronics International Ltd. * 52,200 690 Google, Inc. * 4,000 1,177 Intel Corp. 54,500 1,420 International Business Machines Corp. 4,252 315 Juniper Networks, Inc. * 47,900 1,206 Microsoft Corp. 29,054 722 Paychex, Inc. 45,500 1,481 QUALCOMM, Inc. 84,500 2,789 SRA International, Inc., Cl A * 48,600 1,687 VeriSign, Inc. * 26,333 757 Yahoo!, Inc. * 87,900 3,046 ------- 27,662 ------- TELECOMMUNICATION SERVICES (3.1%) Nextel Communications, Inc. * 24,600 795 NII Holdings, Inc. * 11,500 735 Sprint Corp. 28,100 705 ------- 2,235 ------- TOTAL COMMON STOCKS (COST $63,059) 69,954 ------- DEPOSITARY RECEIPTS (0.4%) Nasdaq-100 Trust, Ser 1 7,609 280 ------- TOTAL DEPOSITARY RECEIPTS (COST $279) 280 ------- REPURCHASE AGREEMENT (3.1%) Merrill Lynch & Co., Inc., 3.255%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $2,253,896 (collateralized by U.S. Government Agencies, 6.000%, due 05/01/35; total market value $2,302,347) $ 2,254 2,254 ------- TOTAL REPURCHASE AGREEMENT (COST $2,254) 2,254 ------- TOTAL INVESTMENTS (COST $65,592) (A) - 100.0% 72,488 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.0% 33 ------- NET ASSETS - 100.0% $72,521 =======
---------- * Non-income producing security. (a) Represents cost for financial reporting purposes. Cost for federal income tax purposes is $65,866 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $ 9,391 Unrealized Depreciation.................. (2,769) ------- Unrealized Appreciation (Depreciation)... $ 6,622 =======
Cl - Class Ser - Series SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS BALANCED FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------- COMMON STOCKS (58.6%) CONSUMER DISCRETIONARY (7.5%) Harley-Davidson, Inc. (b) 31,800 $ 1,577 Home Depot, Inc. (The) 34,000 1,323 J. C. Penney Co., Inc. 30,000 1,577 Kohl's Corp. * 18,200 1,018 Lowe's Cos., Inc. 23,200 1,351 NIKE, Inc., Cl B (b) 40,400 3,498 Omnicom Group, Inc. 37,500 2,995 Time Warner, Inc. * 56,400 942 Walt Disney Co. (The) 120,000 3,022 ------- 17,303 ------- CONSUMER STAPLES (2.3%) Wal-Mart Stores, Inc. 52,500 2,531 Walgreen Co. 60,000 2,759 ------- 5,290 ------- ENERGY (2.1%) Anadarko Petroleum Corp. 15,000 1,232 Exxon Mobil Corp. 63,800 3,667 ------- 4,899 ------- FINANCIALS (12.2%) American Express Co. 72,800 3,875 Chubb Corp. (The) 45,500 3,895 Comerica, Inc. 28,000 1,618 Freddie Mac 26,100 1,703 Goldman Sachs Group, Inc. (The) 28,200 2,877 JPMorgan Chase & Co. 91,200 3,221 MGIC Investment Corp. 44,000 2,870 SLM Corp. (b) 50,800 2,581 Washington Mutual, Inc. 74,400 3,027 Wells Fargo & Co. 38,200 2,352 ------- 28,019 ------- HEALTH CARE (7.1%) Baxter International, Inc. 84,600 3,138 Becton, Dickinson & Co. 52,500 2,755 Biomet, Inc. 48,000 1,663 Boston Scientific Corp. * 66,200 1,787 Health Management Associates, Inc., Cl A (b) 59,500 1,558 Johnson & Johnson 25,000 1,625 Schering-Plough Corp. 62,900 1,199 Stryker Corp. 52,300 2,487 ------- 16,212 ------- INDUSTRIALS (9.5%) Boeing Co. (The) 19,800 1,307 Danaher Corp. 45,800 2,397 Emerson Electric Co. 28,000 1,754 General Electric Co. 119,500 4,140
Honeywell International, Inc. 88,500 3,242 Illinois Tool Works, Inc. 12,000 956 Northrop Grumman Corp. 54,000 2,984 Raytheon Co. 79,500 3,110 Southwest Airlines Co. 144,000 2,006 ------- 21,896 ------- INFORMATION TECHNOLOGY (17.3%) Affiliated Computer Services, Inc., Cl A * (b) 37,100 1,896 Amdocs Ltd. * 45,200 1,195 Automatic Data Processing, Inc. 61,400 2,577 CDW Corp. (b) 19,800 1,130 CheckFree Corp. * (b) 79,700 2,715 Cisco Systems, Inc. * 129,600 2,477 Computer Associates International, Inc. 74,500 2,047 EMC Corp. * 134,700 1,847 First Data Corp. 39,500 1,586 Hewlett-Packard Co. 59,000 1,387 Maxim Integrated Products, Inc. 40,000 1,528 Microsoft Corp. 169,700 4,214 NCR Corp. * 90,000 3,161 Nokia Corp. ADR 183,800 3,058 Oracle Corp. * 174,000 2,297 Scientific-Atlanta, Inc. 59,200 1,970 Texas Instruments, Inc. 88,000 2,470 VeriSign, Inc. * 79,700 2,292 ------- 39,847 ------- MATERIALS (0.6%) Rohm & Haas Co. 27,600 1,279 ------- TOTAL COMMON STOCKS (COST $124,756) 134,745 ------- CORPORATE BONDS (10.4%) AEROSPACE & DEFENSE (0.2%) United Technologies Corp., 4.875%, 05/01/15 $ 475 486 ------- AIRLINES (0.2%) Southwest Airlines Co., 5.125%, 03/01/17 555 544 ------- AUTO MANUFACTURERS (0.2%) Daimler Chrysler NA Holdings, 8.500%, 01/18/31 295 374 ------- BANKS (0.6%) Bank of America Corp., 7.400%, 01/15/11 795 910 HSBC Holdings PLC, 7.625%, 05/17/32, (d) 300 394 ------- 1,304 ------- BUILDING MATERIALS (0.2%) American Standard Cos., Inc., 7.625%, 02/15/10 360 402 ------- COMMERCIAL SERVICES (0.2%) R.R. Donnelley & Sons Co., 4.950%, 04/01/14 445 435 ------- COMPUTERS (0.1%) NCR Corp., 7.125%, 06/15/09 130 141 ------- DIVERSIFIED FINANCIAL SERVICES (3.2%) CIT Group, Inc., 5.125%, 09/30/14 485 493
Citigroup, Inc., 5.125%, 05/05/14 305 318 Citigroup, Inc., 5.850%, 12/11/34 295 326 ERAC USA Finance Co., 5.600%, 05/01/15, (d) 230 238 Ford Motor Credit Co., 7.000%, 10/01/13 605 580 Fund American Cos., Inc., 5.875%, 05/15/13 850 885 Goldman Sachs Group, Inc. (The), 4.750%, 07/15/13 700 699 John Deere Capital Corp., 3.900%, 01/15/08 140 139 JPMorgan Chase & Co., 6.625%, 03/15/12 795 885 Lazard LLC, 7.125%, 05/15/15, (d) 1,045 1,055 MBNA Corp., 6.125%, 03/01/13 350 381 MBNA Corp., Ser B, 7.500%, 03/15/12 240 280 Merrill Lynch & Co., Inc., 3.700%, 04/21/08 110 109 Merrill Lynch & Co., Inc., Ser C, 5.000%, 01/15/15 295 302 Morgan Stanley, 5.300%, 03/01/13 875 910 ----- 7,600 ----- ELECTRIC (0.7%) Entergy Gulf States, Inc., 4.875%, 11/01/11, Callable 11/1/06 @ 100 235 234 Exelon Corp., 5.625%, 06/15/35 750 756 Pacific Gas & Electric Co., 6.050%, 03/01/34 500 551 ----- 1,541 ----- ENTERTAINMENT (0.2%) GTECH Holdings Corp., 4.750%, 10/15/10 270 268 Harrahs Operating Co., Inc., 5.375%, 12/15/13 (b) 175 178 ----- 446 HOME BUILDERS (0.3%) Lennar Corp., 5.950%, 03/01/13 205 218 Pulte Homes, Inc., 4.875%, 07/15/09 220 220 Pulte Homes, Inc., 5.250%, 01/15/14 175 175 ----- 613 INSURANCE (0.5%) Metlife, Inc., 5.000%, 06/15/15 240 244 Monumental Global Funding, 5.200%, 01/30/07, (d) 585 595 Prudential Financial, Inc., 3.750%, 05/01/08 145 144 Prudential Financial, Inc., Ser B, 5.100%, 09/20/14 230 237 ----- 1,220 ----- INVESTMENT COMPANIES (0.1%) Credit Suisse First Boston USA, Inc., 6.500%, 01/15/12 275 306 ----- LEISURE TIME (0.1%) Harley-Davidson, Inc., 3.625%, 12/15/08, (d) 265 260 -----
LODGING (0.2%) Marriott International, Inc., 4.625%, 06/15/12 355 351 ----- MEDIA (0.8%) Comcast Cable Communications, Inc., 7.125%, 06/15/13 550 631 Comcast Corp, 7.050%, 03/15/33 70 83 Cox Communuications, Inc., 4.625%, 06/01/13 260 252 News America Holdings, Inc., 9.250%, 02/01/13 240 303 News America, Inc., 6.200%, 12/15/34 145 152 Time Warner, Inc., 7.625%, 04/15/31 475 593 ----- 2,014 MINING (0.5%) Alcan, Inc., 5.750%, 06/01/35 245 249 Codelco, Inc., 5.500%, 10/15/13, (d) 325 339 Inco Ltd., 5.700%, 10/15/15 450 469 ----- 1,057 ----- MISCELLANEOUS MANUFACTURER (0.6%) General Electric Co., 5.000%, 02/01/13 1,250 1,291 ----- OIL & GAS (0.3%) Devon Financing Corp. ULC, 7.875%, 09/30/31 170 221 Enterprise Products Operating LP, Ser B, 6.875%, 03/01/33 215 243 Motiva Enterprises LLC, 5.200%, 09/15/12, (d) 200 206 Pennzoil Co., 10.250%, 11/01/05 60 61 ----- 731 ----- PERSONAL CREDIT INSTITUTIONS (0.1%) Capital One Financial Corp., 4.800%, 02/21/12 320 318 ----- PIPELINES (0.4%) CenterPoint Energy Resources Corp., Ser B, 7.875%, 04/01/13 340 404 K N Capital Trust III, 7.630%, 04/15/28 280 328 K N Energy, Inc., 7.250%, 03/01/28 120 142 ----- 874 ----- REITS (0.1%) Simon Property Group LP, 6.375%, 11/15/07 155 162 ----- RETAIL (0.1%) Federated Department Stores, Inc., 6.900%, 04/01/29 (b) 115 133 ----- SAVINGS & LOAN (0.1%) Golden West Financial Corp., 4.125%, 08/15/07 325 326 ----- TELECOMMUNICATIONS (0.4%) SBC Communications, Inc., 6.450%, 06/15/34 230 259 Sprint Capital Corp., 8.750%, 03/15/32 505 702 ----- 961 -----
TOTAL CORPORATE BONDS (COST $23,107) 23,890 -------- U.S. TREASURY OBLIGATIONS (30.0%) U.S. TREASURY BONDS (3.8%) 5.375%, 02/15/31 (b) 7,490 8,838 -------- U.S. TREASURY NOTES (26.2%) 1.500%, 07/31/05 75 75 3.500%, 11/15/06 (b) 13,390 13,376 3.125%, 05/15/07 (b) 11,610 11,500 3.500%, 05/31/07 (b) 7,780 7,756 3.125%, 04/15/09 (b) 2,760 2,705 6.000%, 08/15/09 (b) 10,070 10,941 3.625%, 06/15/10 (b) 3,155 3,141 4.250%, 08/15/13 (b) 10,250 10,506 -------- 60,000 -------- TOTAL U.S. TREASURY OBLIGATIONS (COST $68,204) 68,838 -------- YANKEE BONDS (0.2%) TELECOMMUNICATIONS (0.2%) Verizon Global Funding Corp., 7.750%, 12/01/30 (b) 330 426 -------- TOTAL YANKEE BONDS (COST $399) 426 -------- SHORT-TERM INVESTMENT (37.1%) CSFB Enhanced Liquidity Portfolio (c) 85,234,455 85,234 -------- TOTAL SHORT-TERM INVESTMENT (COST $85,234) 85,234 -------- REPURCHASE AGREEMENT (0.6%) Deutsche Bank AG, 2.855%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $1,298,526 (collateralized by U.S. Treasury Obligations, 7.500%, due 11/15/24; total market value $1,324,017) 1,298 1,298 -------- TOTAL REPURCHASE AGREEMENT (COST $1,298) 1,298 -------- TOTAL INVESTMENTS (COST $302,998) (A) - 136.9% 314,431 LIABILITIES IN EXCESS OF OTHER ASSETS - (36.9)% (84,826) -------- NET ASSETS - 100.0% $229,605 ========
---------- * Non-income producing security. (a) Cost for federal income tax purposes is $303,235 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $15,142 Unrealized Depreciation.................. (3,946) ------- Unrealized Appreciation (Depreciation)... $11,196 =======
(b) This security or a partial position of the security was on loan at June 30, 2005. The total value of securities on loan at June 30, 2005 in thousands was $82,843. (c) This security was purchased with cash collateral held from securities lending. (d) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund's advisor has deemed this security to be liquid based upon procedures approved by the Board of Trustees. ADR - American Depository Receipt Cl - Class LLC - Limited Liability Company LP - Limited Partnership REIT - Real Estate Investment Trust Ser - Series SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS CAPITAL APPRECIATION FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- -------- COMMON STOCKS (99.8%) CONSUMER DISCRETIONARY (14.1%) Harley-Davidson, Inc. (b) 366,000 $ 18,154 Home Depot, Inc. (The) 387,900 15,089 J. C. Penney Co., Inc. 368,000 19,349 Kohl's Corp. * 217,200 12,144 Lowe's Cos., Inc. 260,000 15,137 NIKE, Inc., Cl B (b) 469,600 40,668 Omnicom Group, Inc. (b) 441,600 35,266 Time Warner, Inc. * 2,019,000 33,737 Walt Disney Co. (The) (b) 1,500,000 37,770 -------- 227,314 -------- CONSUMER STAPLES (3.7%) Wal-Mart Stores, Inc. 600,000 28,920 Walgreen Co. (b) 660,000 30,353 -------- 59,273 -------- ENERGY (3.6%) Anadarko Petroleum Corp. 177,000 14,541 Exxon Mobil Corp. 750,000 43,102 -------- 57,643 -------- FINANCIALS (19.5%) American Express Co. 892,400 47,502 American International Group, Inc. 231,300 13,439 Chubb Corp. (The) 503,500 43,105 Comerica, Inc. 362,000 20,924 Freddie Mac (b) 352,500 22,994 Goldman Sachs Group, Inc. (The) 309,000 31,524 JPMorgan Chase & Co. 904,000 31,929 MGIC Investment Corp. 500,000 32,610 SLM Corp. (b) 568,800 28,895 Washington Mutual, Inc. (b) 710,000 28,890 Wells Fargo & Co. 235,000 14,471 -------- 316,283 -------- HEALTH CARE (11.9%) Baxter International, Inc. 970,000 35,986 Becton, Dickinson & Co. 548,800 28,796 Biomet, Inc. (b) 692,500 23,988 Boston Scientific Corp. * 866,900 23,406 Health Management Associates, Inc., Cl 632,300 16,554 A (b) Johnson & Johnson (b) 287,600 18,694 Schering-Plough Corp. 689,300 13,138 Stryker Corp. 678,000 32,246 -------- 192,808 -------- INDUSTRIALS (15.8%) Boeing Co. (The) 255,000 16,830 Danaher Corp. (b) 496,000 25,961 Emerson Electric Co. 358,000 22,422
General Electric Co. 1,496,000 51,835 Honeywell International, Inc. 975,000 35,714 Illinois Tool Works, Inc. 125,500 10,000 Northrop Grumman Corp. (b) 617,700 34,128 Raytheon Co. 930,500 36,401 Southwest Airlines Co. (b) 1,550,000 21,592 ---------- 254,883 ---------- INFORMATION TECHNOLOGY (30.4%) Affiliated Computer Services, Inc., Cl A 464,000 23,710 * (b) Amdocs Ltd. * 820,000 21,673 Automatic Data Processing, Inc. 658,700 27,646 CDW Corp. (b) 215,000 12,274 CheckFree Corp. * (b) 975,000 33,209 Cisco Systems, Inc. * 978,000 18,690 Computer Associates International, Inc. (b) 983,000 27,013 EMC Corp. * 2,199,500 30,155 First Data Corp. 348,000 13,969 Hewlett-Packard Co. 580,000 13,636 LSI Logic Corp. * (b) 789,700 6,705 Maxim Integrated Products, Inc. (b) 505,000 19,296 Microsoft Corp. 1,969,000 48,909 NCR Corp. * 1,097,000 38,526 Nokia Corp. ADR 2,175,000 36,192 Oracle Corp. * (b) 2,400,000 31,680 Scientific-Atlanta, Inc. 837,500 27,864 Texas Instruments, Inc. (b) 1,052,000 29,530 VeriSign, Inc. * 1,092,000 31,406 ---------- 492,083 ---------- MATERIALS (0.8%) Rohm & Haas Co. (b) 291,800 13,522 ---------- TOTAL COMMON STOCKS (COST $1,507,666) 1,613,809 ---------- SHORT-TERM INVESTMENT (17.2%) CSFB Enhanced Liquidity Portfolio (c) 277,041,564 277,042 ---------- TOTAL SHORT-TERM INVESTMENT (COST $277,042) 277,042 ---------- REPURCHASE AGREEMENTS (0.1%) CASH & EQUIVALENTS (0.1%) Bear Stearns & Co., Inc., 3.385%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $956,356 (collateralized by U.S. Government Agencies, DN, due 08/01/34; total market value $975,997) $ 956 956 ---------- TOTAL REPURCHASE AGREEMENTS (COST $956) 956 ---------- TOTAL INVESTMENTS (COST $1,785,664) (A) - 117.1% 1,891,807 LIABILITIES IN EXCESS OF OTHER ASSETS - (17.1)% (276,676) ---------- NET ASSETS - 100.0% $1,615,131 ==========
---------- * Non-income producing security. (a) Represents cost for financial reporting purposes. Cost for federal income tax purposes is $1,786,331 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $154,622 Unrealized Depreciation.................. (49,145) -------- Unrealized Appreciation (Depreciation)... $105,477 ========
(b) This security or a partial position of the security was on loan at June 30, 2005. The total value of securities on loan at June 30, 2005 in thousands was $268,833. (c) This security was purchased with cash collateral held from securities lending. ADR - American Depository Receipt Cl - Class SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS EMERGING GROWTH STOCK FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------ COMMON STOCKS (98.8%) CONSUMER DISCRETIONARY (17.2%) Audible, Inc. * 6,200 $ 108 Blue Nile, Inc. * 18,600 607 Design Within Reach, Inc. * 21,300 386 Dick's Sporting Goods, Inc. * 7,100 274 Getty Images, Inc. * 3,900 290 LIFE TIME FITNESS, Inc. * 9,600 315 Martha Stewart Living Omnimedia, Inc., Cl A * 14,200 414 Pacific Sunwear of California, Inc. * 9,600 221 Stamps.com, Inc. * 22,600 424 True Religion Apparel, Inc. * 6,300 86 Urban Outfitters, Inc. * 10,000 567 ------ 3,692 ------ CONSUMER STAPLES (5.5%) Green Mountain Coffee Roasters, Inc. * 3,300 112 Hansen Natural Corp. * 2,700 229 Peet's Coffee & Tea, Inc. * 6,900 228 Whole Foods Market, Inc. 5,100 603 ------ 1,172 ------ FINANCIALS (10.6%) Affiliated Managers Group, Inc. * 4,400 301 BlackRock, Inc., Cl A 8,200 660 Calamos Asset Management, Inc., Cl A 24,500 667 Portfolio Recovery Associates, Inc. * 15,400 647 ------ 2,275 ------ HEALTH CARE (18.0%) Biosite, Inc. * 10,800 594 Gen-Probe, Inc. * 7,000 254 Kyphon, Inc. * 7,300 254 Medicis Pharmaceutical Corp., Cl A 13,900 441 Neurocrine Biosciences, Inc. * 10,300 433 Psychiatric Solutions, Inc. * 13,500 658 Varian Medical Systems, Inc. * 14,200 530 Wright Medical Group, Inc. * 26,300 701 ------ 3,865 ------ INDUSTRIALS (7.8%) AirTran Holdings, Inc. * 54,300 501 Corporate Executive Board Co. (The) 8,200 643 Monster Worldwide, Inc. * 14,900 427 Woodward Governor Co. 1,300 109 ------ 1,680 ------ INFORMATION TECHNOLOGY (31.2%) Alliance Data Systems Corp. * 18,600 754 aQuantive, Inc. * 25,200 447 CNET Networks, Inc. * 26,000 305
Cogent, Inc. * 16,900 482 Cognizant Technology Solutions Corp., Cl A * 15,900 749 Euronet Worldwide, Inc. * 24,900 724 F5 Networks, Inc. * 8,500 401 iVillage, Inc. * 35,200 210 J2 Global Communications, Inc. * 2,700 93 JAMDAT Mobile, Inc. * 19,700 545 Jupitermedia Corp. * 26,100 447 Novatel Wireless, Inc. * 8,400 105 SRA International, Inc., Cl A * 22,800 793 Trimble Navigation Ltd. * 2,800 109 ViaSat, Inc. * 15,800 321 WebSideStory, Inc. * 14,500 213 ------- 6,698 ------- MATERIALS (1.0%) Symyx Technologies, Inc. * 8,000 224 ------- TELECOMMUNICATION SERVICES (7.5%) Crown Castle International Corp. * 15,000 305 Nextel Partners, Inc., Cl A * 23,100 582 NII Holdings, Inc. * 4,600 294 Time Warner Telecom, Inc., Cl A * 35,200 208 UbiquiTel, Inc. * 26,500 216 ------- 1,605 ------- TOTAL COMMON STOCKS (COST $18,101) 21,211 ------- REPURCHASE AGREEMENT (1.8%) Merrill Lynch & Co., Inc., 3.255%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $378,606 (collateralized by U.S. Government Agencies, 6.000%, due 05/01/35; total market value 390,577) $ 379 379 ------- TOTAL REPURCHASE AGREEMENT (COST $379) 379 ------- TOTAL INVESTMENTS (COST $18,480) (A) - 100.6% 21,590 LIABILITIES IN EXCESS OF OTHER ASSETS - (0.6)% (134) ------- NET ASSETS - 100.0% $21,456 =======
---------- * Non-income producing security. (a) Represents cost for financial reporting purposes. Cost for federal income tax purposes is $18,548 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $3,546 Unrealized Depreciation.................. (504) ------ Unrealized Appreciation (Depreciation)... $3,042 ======
Cl - Class SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS GROWTH AND INCOME FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES VALUE --------- -------- COMMON STOCKS (98.6%) CONSUMER DISCRETIONARY (8.5%) Advance Auto Parts, Inc. * (b) 300,000 $ 19,365 Gannett Co., Inc. 200,000 14,226 Kohl's Corp. * 200,000 11,182 Lowe's Cos., Inc. 250,000 14,555 McDonald's Corp. 40,000 1,110 Target Corp. 245,000 13,330 Viacom, Inc., Cl B 800,000 25,616 Walt Disney Co. (The) 400,000 10,072 -------- 109,456 -------- CONSUMER STAPLES (10.8%) Anheuser-Busch Cos., Inc. 20,000 915 Archer Daniels Midland Co. 900,000 19,242 Clorox Co. (The) 190,000 10,587 Diageo PLC ADR (b) 350,000 20,754 General Mills, Inc. 30,000 1,404 Kimberly-Clark Corp. 150,000 9,389 PepsiCo, Inc. 200,000 10,786 Sara Lee Corp. 850,000 16,839 SYSCO Corp. 175,000 6,333 Unilever PLC ADR (b) 500,000 19,425 Wal-Mart Stores, Inc. 225,000 10,845 Wm. Wrigley Jr. Co. (b) 175,000 12,047 -------- 138,566 -------- ENERGY (9.4%) Anadarko Petroleum Corp. 150,000 12,323 Baker Hughes, Inc. (b) 400,000 20,464 Burlington Resources, Inc. 200,000 11,048 ChevronTexaco Corp. (b) 200,000 11,184 ConocoPhillips 240,000 13,798 Exxon Mobil Corp. 370,000 21,263 Kerr-McGee Corp. (b) 82,947 6,330 Royal Dutch Petroleum Co. ADR (b) 375,000 24,337 -------- 120,747 -------- FINANCIALS (23.2%) American Express Co. 35,000 1,863 American International Group, Inc. (b) 200,000 11,620 Bank of America Corp. 450,000 20,525 Berkshire Hathaway, Inc., Cl B * (b) 8,500 23,659 Cincinnati Financial Corp. 367,500 14,538 CIT Group, Inc. 400,000 17,188 Citigroup, Inc. 502,066 23,210 Fannie Mae (b) 125,000 7,300 Fifth Third Bancorp 450,000 18,545 Genworth Financial, Inc., Cl A (b) 660,000 19,952 Goldman Sachs Group, Inc. (The) (b) 175,000 17,854 Jefferson-Pilot Corp. (b) 40,000 2,017 MGIC Investment Corp. 100,000 6,522 Morgan Stanley 400,000 20,988 New York Community Bancorp, Inc. (b) 1,100,200 19,936
Principal Financial Group, Inc. (b) 500,000 20,950 Prudential Financial, Inc. 50,000 3,283 State Street Corp. (b) 350,000 16,888 U.S. Bancorp 600,000 17,520 Wells Fargo & Co. 190,000 11,700 ------- 296,058 ------- HEALTH CARE (9.9%) Abbott Laboratories 400,000 19,604 Amgen, Inc. * (b) 250,000 15,115 Bristol-Myers Squibb Co. 775,000 19,360 Eli Lilly & Co. (b) 275,000 15,320 Express Scripts, Inc. * (b) 150,000 7,497 Johnson & Johnson 130,000 8,450 Laboratory Corp. of America Holdings * (b) 20,000 998 Medtronic, Inc. 50,000 2,590 Pfizer, Inc. 900,000 24,821 WellPoint, Inc. * 180,000 12,535 ------- 126,290 ------- INDUSTRIALS (11.6%) Cendant Corp. 700,000 15,659 Cooper Industries Ltd., Cl A 212,000 13,547 Emerson Electric Co. 125,000 7,829 General Electric Co. 480,000 16,632 Goodrich Corp. 400,000 16,384 Honeywell International, Inc. 350,000 12,821 Illinois Tool Works, Inc. 75,000 5,976 Norfolk Southern Corp. 550,000 17,028 Rockwell Automation, Inc. 500,000 24,355 Textron, Inc. 205,000 15,549 United Parcel Service, Inc., Cl B 12,000 830 United Technologies Corp. 44,000 2,259 ------- 148,869 ------- INFORMATION TECHNOLOGY (14.7%) Accenture Ltd., Cl A * 750,000 17,003 Agilent Technologies, Inc. * 700,000 16,114 Applied Materials, Inc. (b) 1,500,000 24,270 Automatic Data Processing, Inc. 25,000 1,049 Cisco Systems, Inc. * 860,000 16,435 Diebold, Inc. (b) 35,000 1,579 First Data Corp. 450,000 18,063 Intel Corp. (b) 600,000 15,636 International Business Machines Corp. 200,000 14,840 Microsoft Corp. 1,000,000 24,840 Nokia Corp. ADR (b) 1,500,000 24,959 Texas Instruments, Inc. 500,000 14,035 ------- 188,823 ------- MATERIALS (3.0%) E.I. du Pont de Nemours & Co. 275,000 11,828 Praxair, Inc. 275,000 12,815 Sigma-Aldrich Corp. (b) 250,000 14,010 ------- 38,653 ------- TELECOMMUNICATION SERVICES (3.8%) ALLTEL Corp. (b) 225,000 14,013 Verizon Communications, Inc. 400,000 13,820 Vodafone Group PLC ADR 850,000 20,672 ------- 48,505 ------- UTILITIES (3.7%) American Electric Power Co., Inc. (b) 325,000 11,983 Edison International 350,000 14,192 Exelon Corp. (b) 250,000 12,833
SCANA Corp. 200,000 8,542 ---------- 47,550 ---------- TOTAL COMMON STOCKS (COST $1,044,932) 1,263,517 ---------- SHORT-TERM INVESTMENT (14.3%) CSFB Enhanced Liquidity Portfolio (c) 183,269,281 183,269 ---------- TOTAL SHORT-TERM INVESTMENT (COST $183,269) 183,269 ---------- MONEY MARKET FUNDS (1.4%) Federated Government Obligations Fund 17,462,057 17,462 ---------- TOTAL MONEY MARKET FUNDS (COST $17,462) 17,462 ---------- TOTAL INVESTMENTS (COST $1,245,663) (A) - 114.3% 1,464,248 LIABILITIES IN EXCESS OF OTHER ASSETS - (14.3)% (182,752) ---------- NET ASSETS - 100.0% $1,281,496 ==========
---------- * Non-income producing security. (a) Represents cost for financial reporting purposes. Cost for federal income tax purposes is $1,246,682 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $234,679 Unrealized Depreciation.................. (17,113) -------- Unrealized Appreciation (Depreciation)... $217,566 ========
(b) This security or a partial position of the security was on loan at June 30, 2005. The total value of securities on loan at June 30, 2005 in thousands was $183,269. (c) This security was purchased with cash collateral held from securities lending. ADR - American Depository Receipt Cl - Class SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS INTERNATIONAL EQUITY FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES VALUE --------- ------- FOREIGN COMMON STOCKS (97.1%) AUSTRALIA (4.0%) Australia & New Zealand Banking Group Ltd. 239,307 $ 3,951 BlueScope Steel Ltd. 454,491 2,823 Just Group Ltd. 552,028 886 Promina Group Ltd. 602,951 2,152 Qantas Airways Ltd. 1,276,413 3,262 Rio Tinto Group Ltd. (b) 97,120 3,294 St. George Bank Ltd. 160,466 3,193 Westpac Banking Corp. 245,547 3,717 ------- 23,278 ------- BELGIUM (0.7%) Delhaize Group 27,532 1,650 Fortis SA 83,529 2,311 ------- 3,961 ------- DENMARK (1.2%) Danske Bank A/S 112,778 3,388 TDC A/S 88,360 3,783 ------- 7,171 ------- FINLAND (2.1%) Fortum Corp. 172,558 2,764 Neste Oil Oyj * (b) 40,795 1,057 Nokia Oyj 457,081 7,609 Tietoenator Oyj 28,600 868 ------- 12,298 ------- FRANCE (9.9%) Atos Origin SA * 13,946 882 AXA 219,162 5,459 BNP Paribas (b) 88,871 6,072 Bouygues SA 41,551 1,718 Compagnie de Saint-Gobain (b) 37,094 2,053 France Telecom SA (b) 92,361 2,689 Lafarge SA 14,533 1,322 Pernod Ricard 14,365 2,294 PSA Peugeot Citroen SA 19,135 1,129 Sanofi-Aventis (b) 53,440 4,378 Schneider Electric SA 38,915 2,928 Societe Generale 48,806 4,951 SUEZ SA 138,452 3,744 TOTAL SA 38,491 9,010 VINCI SA * 54,810 4,557 Vivendi Universal SA 150,034 4,704 ------- 57,890 ------- GERMANY (7.7%) Adidas-Salomon AG 20,724 3,466 Allianz AG 32,570 3,726 BASF AG 74,943 4,962 Bayer AG 32,780 1,091 Continental AG 37,657 2,702 DaimlerChrysler AG 22,364 905
Deutsche Bank AG 43,809 3,411 Deutsche Post AG 110,898 2,579 Deutsche Telekom AG 198,709 3,663 E.ON AG 65,117 5,783 Lanxess AG * 3,022 67 MAN AG 22,218 920 METRO AG 36,169 1,792 PUMA Rudolf Dassler Sport AG 6,118 1,513 SAP AG 15,190 2,634 Schering AG 60,333 3,717 Siemens AG 29,714 2,162 ------ 45,093 ------ HONG KONG (2.2%) Bank of East Asia Ltd. 793,712 2,338 Cheung Kong (Holdings) Ltd. 312,195 3,028 CNOOC Ltd. 3,498,538 2,074 Esprit Holdings Ltd. 152,814 1,102 Hutchison Whampoa Ltd. 248,019 2,233 Orient Overseas (International) Ltd. 437,126 1,905 ------ 12,680 ------ IRELAND (0.7%) Anglo Irish Bank Corp. PLC 65,537 812 CRH PLC 116,066 3,077 ------ 3,889 ------ ITALY (2.4%) Banca Intesa SpA 849,065 3,878 Eni SpA 247,640 6,366 Mediaset SpA 199,677 2,349 UniCredito Italiano SpA 290,814 1,534 ------ 14,127 ------ JAPAN (21.0%) Aiful Corp. 25,700 1,911 Asahi Breweries Ltd. 169,600 2,020 Asahi Glass Co. Ltd. 122,000 1,275 Bridgestone Corp. 48,000 920 Brothers Industries Ltd. 125,000 1,143 Canon, Inc. 73,100 3,833 Citizen Watch Co. Ltd. (b) 80,400 725 Dai Nippon Printing Co. Ltd. 93,000 1,491 Daiichi Pharmaceutical Co. Ltd. 97,400 2,147 Daiwa Securities Group, Inc. 168,000 1,032 East Japan Railway Co. 298 1,529 Electric Power Development Co. Ltd. 59,100 1,704 Hachijuni Bank Ltd. (The) 180,000 1,146 Hitachi Chemical Co. Ltd. 89,600 1,634 Honda Motor Co. Ltd. 43,500 2,137 Ibiden Co. Ltd. (b) 64,000 1,671 ITOCHU Corp. 281,000 1,413 Japan Tobacco, Inc. 189 2,513 JFE Holdings, Inc. 54,300 1,335 Kaneka Corp. 1,000 11 Komatsu Ltd. 246,000 1,901 Kubota Corp. 310,000 1,693 Kuraray Co. Ltd. 136,000 1,285 Kyushu Electric Power Co., Inc. 800 17 Marubeni Corp. 425,000 1,449 Matsushita Electric Industrial Co. Ltd. 169,000 2,555 Matsushita Electric Works Ltd. 192,000 1,595 Mazda Motor Corp. (b) 981,000 3,676 Mitsubishi Chemical Corp. 583,000 1,698 Mitsubishi Corp. 227,500 3,078
Mitsubishi Electric Corp. 400,000 2,111 Mitsubishi Estate Co. Ltd. 105,000 1,149 Mitsubishi Tokyo Financial Group, Inc. 276 2,327 Mitsui & Co. Ltd. 2,000 19 Mitsui Fudosan Co. Ltd. 152,000 1,696 Mitsui O.S.K. Lines Ltd. 192,000 1,178 Mitsui Trust Holdings, Inc. 157,000 1,601 Mizuho Financial Group, Inc. 922 4,146 Nippon Mining Holdings, Inc. 199,000 1,125 Nippon Oil Corp. 153,000 1,036 Nippon Steel Corp. 506,000 1,170 Nippon Telegraph & Telephone Corp. 585 2,502 Nippon Yusen KK 348,000 1,990 Nomura Research Institute Ltd. 13,000 1,292 NTT DoCoMo, Inc. 1,220 1,798 OMRON Corp. 90,833 1,997 ORIX Corp. 17,200 2,569 Resona Holdings, Inc. * 919,000 1,701 Ricoh Co. Ltd. 91,000 1,417 Sankyo Co. Ltd. 44,300 2,056 Sankyo Co. Ltd. (Gunma) 137,800 2,637 Santen Pharmaceutical Co. Ltd. 1,400 32 Sega Sammy Holdings, Inc. 27,600 1,686 Sompo Japan Insurance, Inc. 268,000 2,692 Sony Corp. 54,000 1,854 Sumitomo Corp. 173,000 1,380 Sumitomo Metal Industries Ltd. 859,000 1,460 Takeda Pharmaceutical Co. Ltd. 92,600 4,579 Toho Gas Co. Ltd. 6,000 25 Tohoku Electric Power Co., Inc. 55,500 1,183 Tokyo Electric Power Co., Inc. (The) 186,400 4,441 Tokyo Gas Co. Ltd. 243,000 908 Toray Industries, Inc. 401,000 1,894 Toyo Suisan Kaisha Ltd. 69,000 1,077 Toyota Motor Corp. 139,500 4,979 West Japan Railway Co. 747 2,555 Yamada Denki Co. Ltd. 41,500 2,384 Yamaha Motor Co. Ltd. 97,300 1,780 ------- 122,963 ------- NETHERLANDS (4.3%) ABN AMRO Holding NV 193,671 4,760 Akzo Nobel NV 74,668 2,937 ING Groep NV 185,714 5,223 Royal Dutch Petroleum Co. 59,142 3,846 Royal KPN NV 436,754 3,654 Royal Philips Electronics NV 186,687 4,704 ------- 25,124 ------- NEW ZEALAND (0.6%) Fletcher Building Ltd. 772,651 3,700 ------- NORWAY (1.5%) Orkla ASA 115,995 4,269 Statoil ASA (b) 133,481 2,718 Telenor ASA (b) 264,847 2,106 ------- 9,093 ------- SINGAPORE (0.8%) Singapore Petroleum Co. Ltd. (b) 659,000 1,937 United Overseas Bank Ltd. 315,354 2,653 United Overseas Land Ltd. * 31,535 43 ------- 4,633 -------
SPAIN (3.7%) Altadis SA (b) 40,415 1,692 Banco Santander Central Hispano SA 432,046 5,004 Endesa SA (b) 54,756 1,273 Gestevision Telecinco SA 12,109 283 Repsol YPF SA (b) 207,110 5,258 Sociedad General de Aguas de Barcelona 71,210 1,534 SA, Cl A Telefonica SA 332,432 5,425 Union Fenosa SA (b) 39,744 1,210 ------ 21,679 ------ SWEDEN (3.0%) Autoliv, Inc. 29,246 1,275 Nordea Bank AB 430,203 3,899 Sandvik AB 57,032 2,115 Svenska Handelsbanken AB, Cl A 122,735 2,500 Telefonaktiebolaget LM Ericsson 1,759,942 5,618 Volvo AB, Cl B (b) 58,620 2,380 ------ 17,787 ------ SWITZERLAND (6.1%) Credit Suisse Group 138,679 5,436 Nestle SA 20,485 5,233 Novartis AG 201,572 9,570 Roche Holding Ltd. 40,711 5,137 UBS AG 75,826 5,911 Zurich Financial Services 27,119 4,651 ------ 35,938 ------ UNITED KINGDOM (25.2%) "Shell" Transport & Trading Co. PLC (The) 864,487 8,374 Alliance UniChem PLC 227,760 3,462 Anglo Irish Bank Corp. PLC 138,855 1,722 AstraZeneca PLC 187,842 7,747 Aviva PLC 437,319 4,858 AWG PLC 112,224 1,928 Balfour Beatty PLC 458,660 2,711 BHP Billiton PLC 464,819 5,928 BP PLC 1,563,144 16,262 BPB PLC 356,367 3,372 Bradford & Bingley PLC 611,428 3,579 British Airways PLC * 668,206 3,137 British American Tobacco PLC 271,399 5,229 BT Group PLC 970,184 3,997 Burberry Group PLC 172,209 1,242 Corus Group PLC * 1,990,873 1,487 CRH PLC 5,762 152 First Choice Holidays PLC 414,000 1,417 George Wimpey PLC 385,012 3,022 GlaxoSmithKline PLC 345,311 8,347 HBOS PLC 522,064 8,030 Hilton Group PLC 383,464 1,961 HSBC Holdings PLC 367,859 5,852 Lloyds TSB Group PLC 600,592 5,074 O2 PLC * 508,435 1,242 Old Mutual PLC 658,200 1,435 Pilkington PLC 727,403 1,557 Royal Bank of Scotland Group PLC (The) 368,305 11,094 SABMiller PLC 140,476 2,190 Scottish Power PLC 473,008 4,199
Tesco PLC 963,391 5,491 Trinity Mirror PLC 147,262 1,627 Vodafone Group PLC 4,348,194 10,576 -------- 148,301 -------- TOTAL FOREIGN COMMON STOCKS (COST $494,352) 569,605 -------- RIGHTS (0.4%) FRANCE (0.4%) Lafarge Prime De Fidelite * (b) 25,464 2,315 -------- TOTAL RIGHTS (COST $2,233) 2,315 -------- SHORT-TERM INVESTMENTS (8.6%) Brown Brothers Harriman & Co., 13,977,899 13,978 Cayman Islands Cash Sweep CSFB Enhanced Liquidity Portfolio (c) 36,423,053 36,423 -------- TOTAL SHORT-TERM INVESTMENTS (COST $50,401) 50,401 -------- TOTAL INVESTMENTS (COST $546,986) (A) - 106.1% 622,321 LIABILITIES IN EXCESS OF OTHER ASSETS - (6.1)% (35,526) -------- NET ASSETS - 100.0% $586,795 ========
---------- * Non-income producing security. (a) Represents cost for financial reporting purposes. Cost for federal income tax purposes is $548,880 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $79,919 Unrealized Depreciation.................. (6,478) ------- Unrealized Appreciation (Depreciation)... $73,441 =======
(b) This security or a partial position of the security was on loan at June 30, 2005. The total value of securities on loan at June 30, 2005 in thousands was $35,502. (c) This security was purchased with cash collateral held from securities lending. Cl - Class SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. GEOGRAPHIC SUMMARY OF INVESTMENTS INTERNATIONAL EQUITY FUND June 30, 2005 (unaudited) Cash Equivalents $ 50,401 8.6% Consumer Discretionary 56,671 8.8 Consumer Staples 35,450 5.4 Energy 59,063 9.6 Financials 157,572 25.8 Health Care 51,753 8.2 Industrials 63,738 10.3 Information Technology 30,232 4.8 Materials 43,575 6.8 Telecommunication Services 43,153 6.7 Utilities 30,713 4.7 Total $622,321.000 99.7% ============ ====
STI CLASSIC EQUITY FUNDS INTERNATIONAL EQUITY INDEX FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES VALUE ------- ------- FOREIGN COMMON STOCKS (98.7%) AUSTRALIA (3.6%) Alumina Ltd. 55,476 $ 234 Amcor Ltd. 36,803 187 AMP Ltd. 81,389 399 Australia & New Zealand Banking 71,954 1,188 Group Ltd. Australian Gas Light Co. 28,321 306 BHP Billiton Ltd. 145,929 1,992 BlueScope Steel Ltd. 43,949 273 Boral Ltd. 34,145 168 Brambles Industries Ltd. 50,627 313 Coca-Cola Amatil Ltd. 35,774 214 Coles Myer Ltd. 51,544 362 Commonwealth Bank of Australia 50,319 1,450 CSL Ltd. 10,588 271 CSR Ltd. 85,647 174 Foster's Group Ltd. 86,769 351 General Property Trust 116,083 322 Insurance Australia Group Ltd. 73,842 337 John Fairfax Holdings Ltd. 83,271 272 Lend Lease Corp. Ltd. 23,718 234 Macquarie Bank Ltd. 12,461 565 Macquarie Infrastructure Group 118,170 372 Mayne Group Ltd. 47,717 172 Mirvac Group Ltd. 97,420 264 National Australia Bank Ltd. 61,736 1,442 Newcrest Mining Ltd. 16,328 215 Orica Ltd. 16,409 222 Origin Energy Ltd. 56,286 325 QBE Insurance Group Ltd. 34,239 416 Rinker Group Ltd. 43,759 463 Rio Tinto Group Ltd. (b) 11,250 382 Santos Ltd. 44,301 380 Southcorp Ltd. 48,443 156 Stockland Trust Group 72,455 304 Suncorp-Metway Ltd. 34,669 529 TABCORP Holdings Ltd. 30,823 384 Telstra Corp. Ltd. 86,354 332 Wesfarmers Ltd. (b) 17,970 544 Westfield Group 64,870 874 Westpac Banking Corp. 68,494 1,037 Woodside Petroleum Ltd. 24,647 547 Woolworths Ltd. 43,835 549 ------- 19,521 ------- AUSTRIA (1.6%) Bank Austria AG 8,851 921 BOHLER-UDDEHOLM AG 3,226 426 Erste Bank der oesterreichischen 30,765 1,538 Sparkassen AG Flughafen Wien AG 3,993 259 Immofinanz Immobilien Anlagen AG * 34,078 312
Mayr Melnhof Karton AG 726 100 Meinl European Land Ltd. * 11,862 206 OMV AG 4,082 1,778 RHI AG * 6,010 164 Telekom Austria AG (b) 84,794 1,648 Verbund AG 2,038 562 voestalpine AG 5,828 408 Wienerberger AG 14,788 686 ------ 9,008 ------ BELGIUM (1.9%) Agfa-Gevaert NV (b) 10,123 280 Barco NV 1,720 123 Belgacom SA 13,689 467 Delhaize Group 6,222 373 Dexia Group 47,620 1,047 Electrabel SA 2,211 966 Fortis 96,531 2,673 Groep Colruyt 1,683 230 Groupe Bruxelles Lambert SA 6,518 564 InBev 14,921 504 KBC Bank & Insurance Holding Co. 15,160 1,196 NV Mobistar SA 2,829 236 NV Bekaert SA 2,200 165 NV Umicore SA 3,357 269 Omega Pharma NV 2,326 120 SA D'Ieteren NV 580 120 Solvay SA 5,211 535 UCB SA 7,986 388 ------ 10,256 ------ DENMARK (1.4%) A.P. Moller-Maersk A/S 128 1,218 Carlsberg A/S 3,550 182 Coloplast A/S, Cl B 3,944 229 Danisco A/S 5,509 357 Danske Bank A/S 43,368 1,302 DSV A/S 3,150 267 East Asiatic Co. A/S 3,025 214 FLS Industries A/S 5,400 109 GN Store Nord A/S 25,700 290 H. Lundbeck A/S 6,900 174 Novo Nordisk A/S, Cl B 24,737 1,257 Novozymes A/S, Cl B 5,670 281 TDC A/S 20,600 882 Topdanmark A/S * 2,650 193 Vestas Wind Systems A/S * 18,838 312 William Demant Holding * 3,757 187 ------ 7,454 ------ FINLAND (1.0%) Cargotec Corp., Cl B * 2,752 77 Fortum Corp. 19,013 305 Kone Oyj, Cl B * 2,752 165 Neste Oil Oyj * (b) 8,053 209 Nokia Corp., Cl A 188,650 3,139 Orion Corp., Cl B 7,700 148 Sampo PLC, Cl A 20,452 319 Stora Enso Oyj 27,106 345 Tietoenator Oyj 5,429 165 UPM-Kymmene Corp. 22,600 433 ------ 5,305 ------ FRANCE (10.2%)
Accor 14,214 665 Air France 10,630 161 Alcatel * 85,898 937 ALSTOM * 314,567 312 Atos Origin SA * 4,386 278 Autoroutes du Sud de la France 6,553 375 AXA 94,918 2,364 BNP Paribas (b) 53,440 3,651 Bouygues SA 14,437 597 Capgemini * 9,283 294 Carrefour SA 37,580 1,818 Casino Guichard-Perrachon SA (b) 2,824 198 CNP Assurances SA 2,741 175 Compagnie de Saint-Gobain (b) 20,693 1,145 Compagnie Generale des Etablissements Michelin 10,464 636 Credit Agricole SA 44,207 1,117 Dassault Systemes SA (b) 4,504 218 Essilor International SA 7,979 544 Euronext Paris SA 8,631 292 European Aeronautic Defence & Space Co. Eads NV 17,332 550 France Telecom SA (b) 101,916 2,967 Gecina SA * (b) 4,364 496 Groupe Danone 16,344 1,433 Hermes International 925 187 Imerys 2,880 198 Klepierre 3,512 335 L'Air Liquide SA 927 158 L'Air Liquide SA (Loyalty Bonus Shares) 3,710 631 L'Air Liquide SA, Registered Shares 1,693 288 L'Oreal SA 20,983 1,503 Lafarge SA 1,566 142 Lafarge SA (Loyalty Shares) * 997 91 Lagardere SCA (b) 8,780 649 LVMH Moet Hennessy Louis Vuitton SA 16,572 1,276 Pernod Ricard 3,704 592 Pinault-Printemps-Redoute SA (b) 4,492 462 PSA Peugeot Citroen SA 11,441 675 Publicis Groupe SA (b) 10,495 309 Renault SA 12,905 1,134 Sagem SA 13,222 273 Sanofi-Aventis (b) 72,323 5,926 Schneider Electric SA 15,792 1,188 Societe BIC 4,070 243 Societe Generale 22,311 2,263 Societe Television Francaise 1 9,212 244 Sodexho Alliance SA 8,209 254 SUEZ SA 56,773 1,535 Technip 9,581 445 Thales (b) 6,861 278 Thomson 19,552 467 TOTAL SA 33,585 7,862 Unibail Holding 4,348 558 Valeo (b) 6,204 278 Veolia Environnement SA 21,936 821 VINCI SA * 10,717 891 Vivendi Universal SA 73,906 2,317 ------ 55,696 ------ GERMANY(13.8%)
Adidas-Salomon AG 6,046 1,011 Allianz AG 45,171 5,167 ALTANA AG 9,689 553 BASF AG 69,853 4,625 Bayer AG 85,944 2,861 Bayerische Hypo-und Vereinsbank AG * 74,725 1,938 Beiersdorf AG 2,739 306 Celesio AG 5,922 463 Commerzbank AG 59,910 1,300 Continental AG 17,768 1,275 DaimlerChrysler AG 112,319 4,547 Deutsche Bank AG 63,656 4,956 Deutsche Boerse AG 14,272 1,110 Deutsche Lufthansa AG (b) 32,530 398 Deutsche Post AG 65,521 1,524 Deutsche Telekom AG 358,101 6,600 Douglas Holding AG 7,172 260 E.ON AG 81,293 7,221 EPCOS AG * 9,277 114 Fresenius Medical Care AG (b) 3,941 273 Heidelberger Druckmaschinen AG 9,622 687 Hochtief AG 8,881 309 Hypo Real Estate Holding AG 17,911 679 Infineon Technologies AG * 85,831 798 Karstadt Quelle AG * (b) 11,069 147 Lanxess AG * 15 0 Linde AG 11,256 758 MAN AG 19,147 793 Merck KGaA 6,693 538 METRO AG 18,982 940 MLP AG 10,575 198 Muenchener Rueckversicherungs AG 24,069 2,552 PUMA Rudolf Dassler Sport AG 2,322 574 RWE AG 54,993 3,534 SAP AG 28,980 5,026 Schering AG 22,182 1,367 Siemens AG 89,622 6,521 Suedzucker AG 10,142 204 ThyssenKrupp AG 48,400 837 TUI AG 22,914 566 Volkswagen AG 29,851 1,359 ------ 74,889 ------ GREECE (1.1%) Alpha Bank SA 29,976 798 Coca-Cola HBC 11,970 325 Cosmote Mobile Telecommunications SA 15,950 291 EFG Eurobank Ergasias SA 21,160 651 Emporiki Bank of Greece SA * 7,320 217 Hellenic Duty Free Shops SA 3,860 67 Hellenic Petroleum SA 17,300 185 Hellenic Technodomiki Tev SA 20,860 105 Hellenic Telecommunications Organization SA * 28,580 554 Intracom SA 19,350 98 National Bank of Greece SA 29,119 986 OPAP SA 19,350 559 Piraeus Bank SA 22,425 417 Public Power Corp. SA 10,530 263 Technical Olympic SA 17,140 103
Titan Cement Co. SA 5,640 174 Viohalco SA * 20,740 133 ----- 5,926 ----- HONG KONG (0.9%) Bank of East Asia Ltd. 87,368 257 BOC Hong Kong (Holdings) Ltd. 147,500 278 Cheung Kong (Holdings) Ltd. 58,000 563 CLP Holdings Ltd. 48,600 278 Esprit Holdings Ltd. 39,500 285 Hang Seng Bank Ltd. 23,400 318 Henderson Land Development Co. Ltd. 45,000 214 Hong Kong & China Gas Co. Ltd. (The) 141,237 287 Hongkong Electric Holdings Ltd. 41,500 189 Hutchison Telecommunications International Ltd. * 77,827 77 Hutchison Whampoa Ltd. 75,080 676 Johnson Electric Holdings Ltd. 123,500 113 Li & Fung Ltd. 108,000 224 PCCW Ltd. 205,326 128 Sun Hung Kai Properties Ltd. 49,600 488 Swire Pacific Ltd. 42,500 375 Wharf (Holdings) Ltd. (The) 74,000 259 ----- 5,009 ----- IRELAND (1.1%) Allied Irish Banks PLC 71,733 1,536 Bank of Ireland 12,947 309 Bank of Ireland 66,757 1,084 CRH PLC 42,381 1,124 DEPFA Bank PLC 48,273 775 Elan Corp. PLC * 14,824 101 Independent News & Media PLC 152 0 Irish Life & Permanent PLC 25,736 450 Kerry Group PLC 6,524 161 Kerry Group PLC, Cl A 6,213 230 ----- 5,770 ----- ITALY (8.7%) Alleanza Assicurazioni SpA 54,104 587 Arnoldo Mondadori Editore SpA 21,915 208 Assicurazioni Generali SpA 128,552 4,007 Autogrill SpA 18,781 247 Autostrade SpA 41,923 1,112 Banca Antoniana Popolare Veneta SpA (b) 33,711 1,089 Banca Fideuram SpA 47,076 223 Banca Intesa SpA 442,545 2,021 Banca Intesa SpA 124,585 532 Banca Monte dei Paschi di Siena SpA 155,559 548 Banca Nazionale del Lavoro SpA * (b) 195,778 675 Banca Popolare di Milano Scarl SpA 61,942 610 Banche Popolari Unite SpA 51,025 1,012 Banco Popolare di Verona e Novara Scrl SpA 53,961 919 Benetton Group SpA 12,813 118 Bulgari SpA 23,533 263 Capitalia SpA 203,833 1,138 Edison SpA * 127,025 283 Enel SpA (b) 491,406 4,290 Eni SpA (b) 305,570 7,855 Fiat SpA * (b) 71,919 521
FinecoGroup SpA 27,898 249 Finmeccanica SpA 832,221 775 Gruppo Editoriale L'Espresso SpA (b) 29,948 163 Italcementi SpA 11,556 180 La Rinascente SpA * 15,295 37 Luxottica Group SpA 20,735 429 Mediaset SpA 114,842 1,351 MEDIOBANCA - Banca di Credito Finanziario SpA 67,896 1,270 Mediolanum SpA (b) 39,759 248 Parmalat Finanziaria SpA * 46,288 0 Pirelli & C. SpA 429,595 447 Riunione Adriatica di Sicurta SpA (RAS) 40,458 787 Sanpaolo IMI SpA 150,083 2,057 Seat Pagine Gialle SpA * 665,277 277 Snam Rete Gas SpA 145,391 777 Telecom Italia Media SpA * (b) 328,882 158 Telecom Italia RNC SpA 760,913 1,969 Telecom Italia SpA (b) 1,423,313 4,440 Terna SpA 174,154 451 Tiscali SpA * (b) 40,378 115 UniCredito Italiano SpA 591,542 3,120 ------ 47,558 ------ JAPAN (26.0%) 77 Bank Ltd. 30,000 184 Acom Co. Ltd. 5,630 359 Advantest Corp. 5,900 434 AEON Co. Ltd. 47,200 718 AEON Credit Service Co. Ltd. 3,000 187 Aiful Corp. 5,100 379 Aisin Seiki Co. Ltd. 15,500 335 Ajinomoto Co., Inc. 42,000 466 All Nippon Airways Co. Ltd. 53,000 161 Alps Electric Co. Ltd. 16,000 244 Amada Co. Ltd. 32,000 217 Aoyama Trading Co. Ltd. 5,800 146 Ariake Japan Co. Ltd. 4,240 97 Asahi Breweries Ltd. 30,000 357 Asahi Glass Co. Ltd. 70,000 732 Asahi Kasei Corp. 89,000 422 Bandai Co. Ltd. 8,700 175 Bank of Fukuoka Ltd. (The) 49,000 289 Bank of Yokohama Ltd. (The) 93,000 534 Benesse Corp. 5,700 182 Bridgestone Corp. 49,000 939 Canon, Inc. 54,300 2,848 Casio Computer Co. Ltd. 19,500 254 Central Glass Co. Ltd. 17,000 106 Central Japan Railway Co. 62 478 Chiba Bank Ltd. (The) 56,000 367 Chubu Electric Power Co., Inc. (b) 41,600 997 Chugai Pharmaceutical Co. Ltd. 21,300 328 Citizen Watch Co. Ltd. (b) 27,500 248 COMSYS Holdings Corp. 14,000 128 Credit Saison Co. Ltd. 13,400 444 CSK Corp. 5,600 219 Dai Nippon Printing Co. Ltd. 46,000 738 Daiichi Pharmaceutical Co. Ltd. 18,400 406 Daikin Industries Ltd. 17,200 429 Daimaru, Inc. (The) 20,000 177
Dainippon Ink & Chemicals, Inc. 63,000 201 Daito Trust Construction Co. Ltd. 6,700 250 Daiwa House Industry Co. Ltd. 37,000 422 Daiwa Securities Group, Inc. 95,000 583 Denki Kagaku Kogyo KK 47,000 168 DENSO Corp. 36,100 820 Dentsu, Inc. 141 347 DOWA Mining Co. Ltd. 25,000 166 East Japan Railway Co. 243 1,246 Ebara Corp. (b) 34,000 130 Eisai Co. Ltd. 19,100 640 Electric Power Development Co. Ltd. 10,800 311 FamilyMart Co. Ltd. 5,900 169 Fanuc Ltd. 12,900 816 Fast Retailing Co. Ltd. 4,100 212 Fuji Electric Co. Ltd. 55,000 167 Fuji Photo Film Co. Ltd. 35,300 1,141 Fuji Television Network, Inc. 50 97 Fujikura Ltd. 34,000 165 Fujitsu Ltd. 129,000 672 Furukawa Electric Co. Ltd. (The) * 48,000 185 Gunma Bank Ltd. 41,000 245 Hino Motors Ltd. 25,000 145 Hirose Electric Co. Ltd. 2,700 296 Hitachi Cable Ltd. 25,000 109 Hitachi Chemical Co. Ltd. 9,000 164 Hitachi Ltd. 227,000 1,373 Hokkaido Electric Power Co., Inc. 14,700 301 Hokuhoku Financial Group, Inc. 95,000 290 Honda Motor Co. Ltd. 57,300 2,816 Hoya Corp. 8,000 919 Isetan Co. Ltd. 15,400 193 Ishikawajima-Harima Heavy Industries Co. Ltd. * 107,000 155 Ito-Yokado Co. Ltd. 24,200 798 ITOCHU Corp. 121,000 608 ITOCHU Techno-Science Corp. 3,000 105 JAFCO Co. Ltd. 3,100 164 Japan Airlines Corp. 62,000 167 Japan Real Estate Investment Corp. 36 306 Japan Retail Fund Investment Corp. 34 292 Japan Tobacco, Inc. 67 891 JFE Holdings, Inc. 41,175 1,012 JGC Corp. 19,000 233 Joyo Bank Ltd. (The) 63,300 309 JSR Corp. 14,000 293 Kajima Corp. 76,000 280 Kamigumi Co. Ltd. 29,000 223 Kaneka Corp. 24,000 268 Kansai Electric Power Co., Inc. (The) 49,800 1,000 Kansai Paint Co. Ltd. 28,000 180 Kao Corp. 37,000 870 Katokichi Co. Ltd. 19,700 134 Kawasaki Heavy Industries Ltd. 111,000 213 Kawasaki Kisen Kaisha Ltd. 48,000 283 KDDI Corp. 186 859 Keihin Electric Express Railway Co. Ltd. (b) 51,000 311 Keio Electric Railway Co. Ltd. 54,000 291 Keyence Corp. 2,500 557 Kikkoman Corp. 21,000 185 Kinden Corp. 18,000 133
Kinki Nippon Railway Co. Ltd. 126,250 384 Kirin Brewery Co. Ltd. 55,000 532 Kobe Steel Ltd. 218,000 408 Kokuyo Co. Ltd. 13,000 175 Komatsu Ltd. 69,000 533 Konami Corp. 8,000 168 Konica Minolta Holdings, Inc. 36,500 339 Kubota Corp. 82,000 448 Kuraray Co. Ltd. 31,000 293 Kurita Water Industries Ltd. 12,600 194 Kyocera Corp. 11,800 900 Kyowa Hakko Kogyo Co. Ltd. 34,000 219 Kyushu Electric Power Co., Inc. 27,400 595 Lawson, Inc. 5,000 174 Leopalace21 Corp. 11,000 182 Mabuchi Motor Co. Ltd. 3,100 178 Makita Corp. 14,000 273 Marubeni Corp. 114,000 389 Marui Co. Ltd. 23,000 309 Matsumotokiyoshi Co. Ltd. 4,600 125 Matsushita Electric Industrial Co. Ltd. 150,880 2,282 Matsushita Electric Works Ltd. 22,000 183 Meiji Seika Kaisha Ltd. 37,000 182 Meitec Corp. 4,700 144 Millea Holdings, Inc. 106 1,422 Minebea Co. Ltd. 37,000 149 Mitsubishi Chemical Corp. 133,000 387 Mitsubishi Corp. 89,100 1,205 Mitsubishi Electric Corp. 142,000 750 Mitsubishi Estate Co. Ltd. 80,000 876 Mitsubishi Gas Chemical Co., Inc. 36,000 183 Mitsubishi Heavy Industries Ltd. (b) 225,000 587 Mitsubishi Logistics Corp. 16,000 163 Mitsubishi Materials Corp. 81,000 190 Mitsubishi Rayon Co. Ltd. 52,000 215 Mitsubishi Tokyo Financial Group, Inc. 352 2,969 Mitsui & Co. Ltd. 109,000 1,028 Mitsui Chemicals, Inc. 50,000 292 Mitsui Engineering & Shipbuilding Co. Ltd. 71,000 138 Mitsui Fudosan Co. Ltd. 58,000 647 Mitsui Mining & Smelting Co. Ltd. 46,000 215 Mitsui O.S.K. Lines Ltd. 91,000 558 Mitsui Sumitomo Insurance Co. Ltd. 86,340 773 Mitsui Trust Holdings, Inc. 42,000 428 Mitsukoshi Ltd. 38,000 171 Mizuho Financial Group, Inc. 612 2,753 Murata Manufacturing Co. Ltd. 15,700 796 NEC Corp. 133,000 715 NEC Electronics Corp. 3,000 135 Net One Systems Co. Ltd. 50 128 NGK Insulators Ltd. 25,000 242 NGK Spark Plug Co. Ltd. 17,000 195 Nichii Gakkan Co. 2,900 71 Nidec Corp. 4,200 443 Nikko Cordial Corp. 118,000 516 Nikon Corp. 23,000 259 Nintendo Co. Ltd. 7,400 772 Nippon Building Fund, Inc. 33 298 Nippon Express Co. Ltd. 65,000 281 Nippon Meat Packers, Inc. 15,000 174
Nippon Mining Holdings, Inc. 61,500 348 Nippon Oil Corp. 100,000 677 Nippon Sheet Glass Co. Ltd. 37,000 144 Nippon Steel Corp. 442,000 1,022 Nippon Telegraph & Telephone Corp. 366 1,565 Nippon Unipac Holding 64 234 Nippon Yusen KK 91,000 520 Nissan Chemical Industries Ltd. 17,000 182 Nissan Motor Co. Ltd. 163,400 1,616 Nisshin Seifun Group, Inc. 18,000 186 Nisshin Steel Co. Ltd. 80,000 200 Nissin Food Products Co. Ltd. 7,400 190 Nitto Denko Corp. 12,200 695 NOK Corp. 8,400 233 Nomura Holdings, Inc. 124,600 1,481 Nomura Research Institute Ltd. 2,000 199 NSK Ltd. 41,000 210 NTN Corp. 37,000 198 NTT DATA Corp. 97 330 NTT DoCoMo, Inc. 1,261 1,858 Obayashi Corp. 51,000 273 OBIC Co. Ltd. 800 135 Odakyu Electric Railway Co. Ltd. 69,000 365 Oji Paper Co. Ltd. 54,000 281 Oki Electric Industry Co. Ltd. 52,000 182 Olympus Corp. 18,000 344 OMRON Corp. 17,600 387 Onward Kashiyama Co. Ltd. 13,000 164 Oracle Corp. 2,900 109 Oriental Land Co. Ltd. 4,200 248 ORIX Corp. 6,120 914 Osaka Gas Co. Ltd. 155,000 487 Pioneer Corp. 13,500 204 Promise Co. Ltd. 6,950 444 Rakuten, Inc. 315 250 Resona Holdings, Inc. * 338,000 626 Ricoh Co. Ltd. 50,000 779 ROHM Co. Ltd. 8,000 767 Sankyo Co. Ltd. 4,700 218 Sankyo Co. Ltd. (Gunma) 29,900 572 SANYO Electric Co. Ltd. (b) 118,000 301 Sapporo Holdings Ltd. (b) 35,000 168 Secom Co. Ltd. 15,500 665 Sega Sammy Holdings, Inc. 5,452 333 Seiko Epson Corp. 8,900 296 Sekisui Chemical Co. Ltd. 38,000 261 Sekisui House Ltd. 33,000 332 Seven-Eleven Japan Co. Ltd. 26,500 733 Sharp Corp. 69,000 1,074 Shimamura Co. Ltd. 1,900 160 Shimano, Inc. 8,200 232 Shimizu Corp. 51,000 236 Shin-Etsu Chemical Co. Ltd. 25,500 965 Shinsei Bank Ltd. 69,000 370 Shionogi & Co. Ltd. 25,000 321 Shiseido Co. Ltd. 29,000 365 Shizuoka Bank Ltd. (The) 46,000 394 Showa Denko KK 91,000 215 Showa Shell Sekiyu KK 18,400 184 Skylark Co. Ltd. 8,900 135 SMC Corp. 3,900 423 Softbank Corp. 18,200 709
Sompo Japan Insurance, Inc. 62,000 623 Sony Corp. 67,500 2,319 Stanley Electric Co. Ltd. 13,200 213 Sumitomo Chemical Co. Ltd. 111,000 508 Sumitomo Corp. 81,000 646 Sumitomo Electric Industries Ltd. 51,000 520 Sumitomo Heavy Industries Ltd. 48,000 230 Sumitomo Metal Industries Ltd. 316,000 537 Sumitomo Metal Mining Co. Ltd. 43,000 293 Sumitomo Mitsui Financial Group, Inc. 296 1,991 Sumitomo Realty & Development Co. Ltd. 30,000 334 Sumitomo Trust & Banking Co. Ltd. (The) 94,000 569 Suruga Bank Ltd. 20,000 162 Suzuken Co. Ltd. 5,700 143 T&D Holdings, Inc. 16,850 789 Taiheiyo Cement Corp. 73,000 194 Taisei Corp. 75,000 252 Taisho Pharmaceutical Co. Ltd. 12,000 233 Taiyo Yuden Co. Ltd. 13,000 143 Takara Holdings, Inc. 20,000 124 Takashimaya Co. Ltd. 22,000 196 Takeda Pharmaceutical Co. Ltd. (b) 63,500 3,142 Takefuji Corp. 8,500 572 TDK Corp. 9,200 625 Teijin Ltd. 71,000 329 Teikoku Oil Co. Ltd. 28,000 207 Terumo Corp. 13,800 397 THK Co. Ltd. 9,100 187 TIS, Inc. 3,800 129 Tobu Railway Co. Ltd. 78,000 282 Toho Co. Ltd. 15,900 229 Tohoku Electric Power Co., Inc. 30,800 656 Tokyo Broadcasting System, Inc. 5,300 87 Tokyo Electric Power Co., Inc. (The) 79,900 1,904 Tokyo Electron Ltd. 12,300 647 Tokyo Gas Co. Ltd. 163,000 609 Tokyu Corp. 73,000 327 TonenGeneral Sekiyu KK 27,000 292 Toppan Printing Co. Ltd. 42,000 443 Toray Industries, Inc. 98,000 463 Toshiba Corp. 215,000 853 Tosoh Corp. 47,000 194 Tostem Inax Holding Corp. 16,712 282 TOTO Ltd. 19,700 155 Toyo Seikan Kaisha Ltd. 11,900 187 Toyobo Co. Ltd. 74,000 172 Toyota Industries Corp. 14,500 394 Toyota Motor Corp. 206,000 7,354 Trend Micro, Inc. 7,500 266 Ube Industries Ltd. 83,000 168 UFJ Holdings, Inc. * 284 1,470 Uni-Charm Corp. 3,800 153 UNY Co. Ltd. 15,000 170 Ushio, Inc. 13,000 231 USS Co. Ltd. 2,740 174 Wacoal Corp. 15,000 189 West Japan Railway Co. 133 455 World Co. Ltd. 3,750 131 Yahoo Japan Corp. 278 580
Yakult Honsha Co. Ltd. 10,200 184 Yamada Denki Co. Ltd. 6,200 356 Yamaha Corp. 15,100 235 Yamaha Motor Co. Ltd. 16,300 298 Yamanouchi Pharmaceutical Co. Ltd. 39,261 1,338 Yamato Transport Co. Ltd. 29,000 401 Yamazaki Baking Co. Ltd. 12,000 103 Yokogawa Electric Corp. 19,700 242 ------- 141,326 ------- LUXEMBOURG (0.1%) Arcelor SA 36,291 708 ------- NETHERLANDS (3.2%) ABN AMRO Holding NV 69,235 1,702 AEGON NV 54,810 706 Akzo Nobel NV 11,358 447 ASML Holding NV * 20,943 329 DSM NV 4,010 274 Heineken NV 9,618 297 ING Groep NV 74,971 2,107 QIAGEN NV * 21,132 244 Reed Elsevier NV 32,467 452 Rodamco Europe NV 3,510 288 Royal Ahold NV * 63,666 522 Royal Dutch Petroleum Co. 81,298 5,286 Royal KPN NV 85,406 715 Royal Numico NV * 6,446 257 Royal Philips Electronics NV 52,891 1,333 TPG NV 18,251 462 Unilever NV 22,404 1,452 Vedior NV 8,926 126 VNU NV 11,825 329 Wolters Kluwer NV 14,221 272 ------- 17,600 ------- NEW ZEALAND (0.5%) Auckland International Airport Ltd. 215,467 358 Carter Holt Harvey Ltd. 104,723 165 Fisher & Paykel Appliances Holdings Ltd. 84,328 196 Fisher & Paykel Healthcare Corp. Ltd. 110,021 249 Fletcher Building Ltd. 78,141 374 Sky City Entertainment Group Ltd. 110,618 343 Telecom Corp. of New Zealand Ltd. 266,663 1,115 Warehouse Group Ltd. 49,908 139 ------- 2,939 ------- NORWAY (1.5%) DNB Nor Bank ASA 86,740 902 Frontline Ltd. 8,350 332 Norsk Hydro ASA 18,860 1,715 Norske Skogindustrier ASA 17,250 283 Orkla ASA 24,650 907 Petoleum Geo-Services ASA * 8,754 211 Schibsted ASA 9,700 267 Statoil ASA (b) 80,000 1,629 Storebrand ASA (b) 37,000 345 Tandberg ASA 19,294 205 Telenor ASA (b) 101,600 808 Tomra Systems ASA (b) 31,350 128 Yara International ASA 28,640 453 ------- 8,185 ------- PORTUGAL (1.0%)
Banco BPI SA 88,694 338 Banco Comercial Portugues SA 360,565 924 Banco Espirito Santo SA 23,578 368 Brisa-Auto-estradas de Portugal SA 77,473 609 CIMPOR-Cimentos de Portugal SGPS SA 42,933 241 Electricidade de Portugal SA (EDP) 303,106 762 Keppel Corp. Ltd. 34,000 251 Portugal Telecom SGPS SA 131,313 1,249 PT Multimedia-Servicos de 18,260 192 Telecomunicacoes e Multimedia, SGPS, SA * Sonae SGPS SA 214,214 295 ----- 5,229 ----- SINGAPORE (0.4%) City Developments Ltd. 42,000 186 DBS Group Holdings Ltd. 44,467 376 Oversea-Chinese Banking Corp. Ltd. (b) 50,350 346 Singapore Airlines Ltd. 30,000 199 Singapore Press Holdings Ltd. 111,750 285 Singapore Telecommunications Ltd. * 258,580 424 United Overseas Bank Ltd. 53,000 446 United Overseas Land Ltd. * 5,300 7 Venture Corp. Ltd. 17,000 161 ----- 2,430 ----- SPAIN (5.4%) Abertis Infraestructuras SA (b) 21,749 553 Acciona SA 3,287 326 Acerinox SA (b) 19,617 267 Actividades de Construccion y Servicios 22,906 640 SA (ACS) (b) Altadis SA (b) 23,312 976 Amadeus Global Travel Distribution SA, Cl A 32,243 282 Antena 3 de Television SA 12,037 241 Banco Bilbao Vizcaya Argentaria SA (b) 262,930 4,041 Banco Popular Espanol SA * 71,670 865 Banco Santander Central Hispano SA 465,552 5,391 Corporacion Mapfre SA 12,623 189 Endesa SA (b) 73,741 1,715 Fomento de Construcciones y Contratas SA 5,080 286 Gamesa Corporacion Tecnologica SA (b) 12,846 174 Gas Natural SDG SA (b) 15,476 456 Grupo Ferrovial SA 6,247 402 Iberdrola SA (b) 66,262 1,746 Iberia Lineas Aereas de Espana SA (b) 54,071 155 Indra Sistemas SA 16,877 334 Industria de Diseno Textil SA 18,642 479 Metrovacesa SA (b) 5,153 303 Promotora de Informaciones SA 8,860 171 Repsol YPF SA (b) 74,988 1,903 Sacyr Vallehermoso Group SA 11,548 272 Sociedad General de Aguas de Barcelona 9,928 214 SA, Cl A Sogecable SA * 4,166 148 Telefonica Publicidad e Informacion 21,206 185
SA Telefonica SA 368,685 6,016 Union Fenosa SA (b) 19,210 585 Zeltia SA (b) 19,593 133 ------ 29,448 ------ SWEDEN (1.7%) ASSA ABLOY AB 16,200 208 Atlas Copco AB, Cl A 19,100 302 Atlas Copco AB, Cl B 13,341 191 Electrolux AB, Ser B 16,200 344 Gambro AB 13,100 175 H&M Hennes & Mauritz AB 22,700 796 Nordea Bank AB 103,000 934 Sandvik AB 10,100 375 Scania AB, Cl B 5,727 211 Securitas AB 17,200 286 Skandia Forsakrings AB 57,900 318 Skandinaviska Enskilda Banken AB 24,800 412 Skanska AB 22,100 272 SKF AB, Cl B 18,800 191 Svenska Cellulosa AB ACA 7,800 249 Svenska Handelsbanken AB, Cl A 24,400 497 Swedish Match AB 17,600 200 Tele2 AB, Cl B (b) 19,150 179 Telefonaktiebolaget LM Ericsson 708,800 2,262 TeliaSonera AB 93,500 445 Volvo AB, Cl A 5,157 203 Volvo AB, Cl B 11,250 457 ------ 9,507 ------ SWITZERLAND (1.9%) ABB Ltd. * 38,212 247 Adecco SA 3,320 151 Compagnie Financiere Richemont SA 10,722 360 Credit Suisse Group 22,936 899 Holcim Ltd. 3,980 242 Nestle SA 6,596 1,685 Novartis AG 39,761 1,888 Roche Holding Ltd. 12,253 1,546 STMicroelectronics NV 44,118 703 Swiss Reinsurance Co. 6,001 368 Swisscom AG 672 219 Syngenta AG 2,769 283 UBS AG 19,630 1,530 Zurich Financial Services 2,655 455 ------ 10,576 ------ UNITED KINGDOM (11.7%) "Shell" Transport & Trading Co. PLC (The) 263,312 2,551 3i Group PLC 21,861 265 AMVESCAP PLC 26,828 159 Anglo American PLC 39,401 922 ARM Holdings PLC 55,732 113 AstraZeneca PLC 46,197 1,905 Aviva PLC 65,787 731 BAA PLC 35,668 395 BAE Systems PLC 99,595 510 Barclays PLC 177,727 1,762 BG Group PLC 109,652 901 BHP Billiton PLC 69,444 886 BOC Group PLC (The) 15,918 286 Boots Group PLC 23,908 260
BP PLC 599,340 6,235 BPB PLC 18,640 176 Brambles Industries PLC 32,994 180 British American Tobacco PLC 45,683 880 British Land Co. PLC (The) 19,823 311 British Sky Broadcasting Group PLC 36,895 347 BT Group PLC 244,787 1,009 Bunzl PLC 22,272 207 Cable & Wireless PLC 76,690 204 Cadbury Schweppes PLC 59,674 568 Capita Group PLC (The) 27,041 178 Carnival PLC 5,447 309 Centrica PLC 110,045 456 Compass Group PLC 66,920 280 Cookson Group PLC * 59,077 322 Corus Group PLC * 148,625 111 Daily Mail & General Trust PLC 13,899 163 Diageo PLC 84,060 1,237 Dixons Group PLC 65,096 183 Elan Corp., PLC * 18,086 122 Electrocomponents PLC 25,162 108 EMAP PLC 11,287 157 EMI Group PLC 31,004 141 Enterprise Inns PLC 14,807 221 Exel PLC 12,966 197 Filtrona PLC * 14,318 62 Friends Provident PLC 56,807 185 Gallaher Group PLC 23,151 344 GKN PLC 32,475 150 GlaxoSmithKline PLC 164,090 3,967 GUS PLC 29,331 462 Hammerson PLC 15,011 239 Hanson PLC 22,553 216 Hays PLC 70,445 163 HBOS PLC 110,452 1,699 Hilton Group PLC 56,343 288 HSBC Holdings PLC 304,591 4,845 Imperial Chemical Industries PLC 39,804 181 Imperial Tobacco Group PLC 21,982 591 InterContinental Hotels Group PLC 17,601 222 International Power PLC 55,925 206 Invensys PLC * 233,903 44 ITV PLC 128,856 283 J Sainsbury PLC 43,723 223 Johnson Matthey PLC 9,896 189 Kelda Group PLC 22,382 280 Kingfisher PLC 68,938 303 Land Securities Group PLC 16,148 401 Legal & General Group PLC 174,433 358 Liberty International PLC 14,579 253 Lloyds TSB Group PLC 157,183 1,328 LogicaCMG PLC 30,267 94 Man Group PLC 10,416 269 Marks & Spencer Group PLC 53,889 347 Mitchells & Butlers PLC 32,546 195 National Grid Transco PLC 89,531 866 Next PLC 9,401 253 Pearson PLC 25,336 298 Peninsular & Oriental Steam Navigation Co. (The) 32,184 183 Provident Financial PLC 14,210 183 Prudential PLC 67,672 600
Reckitt Benckiser PLC 17,595 517 Reed Elsevier PLC 41,058 392 Rentokil Initial PLC 71,380 204 Reuters Group PLC 44,458 314 Rexam PLC 17,873 154 Rio Tinto PLC 29,123 887 Rolls-Royce PLC * 50,816 261 Royal & Sun Alliance Insurance Group PLC 100,360 150 Royal Bank of Scotland Group PLC (The) 89,563 2,698 SABMiller PLC 27,169 423 Sage Group PLC (The) 46,679 187 Scottish & Newcastle PLC 28,241 234 Scottish & Southern Energy PLC 29,633 536 Scottish Power PLC 58,619 520 Severn Trent PLC 14,675 267 Slough Estates PLC 23,507 219 Smith & Nephew PLC 30,170 297 Smiths Group PLC 20,537 337 Tesco PLC 219,736 1,252 Tomkins PLC 33,787 158 Trinity Mirror PLC 16,224 179 Unilever PLC 78,083 752 United Utilities PLC 23,473 277 United Utilities PLC, Cl A 11,610 68 Vodafone Group PLC 1,830,402 4,452 Whitbread PLC 11,883 202 William Hill Organization Ltd. 20,631 199 Wolseley PLC 21,653 454 WPP Group PLC 35,821 367 Yell Group PLC 27,320 208 ------- 63,883 ------- TOTAL FOREIGN COMMON STOCKS (COST $447,920) 538,223 ------- FOREIGN PREFERRED STOCK (0.5%) GERMANY (0.5%) Fresenius Medical Care AG 4,983 425 Henkel KGaA, Vorzug 7,395 660 Porsche AG 1,111 833 ProSiebenSat.1 Media AG 12,182 212 RWE AG Pfd. 5,080 289 Volkswagen AG 14,584 508 ------- TOTAL FOREIGN PREFERRED STOCK (COST $2,292) 2,927 ------- EXCHANGE TRADED FUNDS (0.0%) iShares MSCI EAFE Index Fund 900 47 iShares MSCI Germany Index Fund 289 5 iShares MSCI Italy Index Fund 251 6 iShares MSCI Japan Index Fund 4,025 41 ------- TOTAL EXCHANGE TRADED FUNDS (COST $101) 99 ------- RIGHTS (0.2%) CHINA (0.0%) Oversea-Chinese Banking Corp. Ltd. * (b) 10,070 39 ------- FRANCE (0.2%) L'Air Liquide Prime Fidelite * 972 165 Lafarge Prime De Fidelite * 8,833 803 -------
968 -------- ITALY (0.0%) La Rinascente SpA * 15,295 41 -------- SPAIN (0.0%) Metrovacesa SA * (b) 5,153 28 Sacyr Vallehermoso SA * 11,548 9 Sogecable SA * 3,600 1 -------- 38 -------- SWEDEN (0.0%) SKF AB * 4,900 16 -------- TOTAL RIGHTS (COST $965) 1,102 -------- SHORT-TERM INVESTMENTS (10.5%) Brown Brothers Harriman & Co., Cayman Islands Cash Sweep 494,840 495 CSFB Enhanced Liquidity Portfolio (c) 57,033,915 57,034 -------- TOTAL SHORT-TERM INVESTMENTS (COST $57,529) 57,529 -------- TOTAL INVESTMENTS (COST $508,807) (A) - 109.9% 599,880 LIABILITIES IN EXCESS OF OTHER ASSETS - (9.9)% (53,892) -------- NET ASSETS - 100.0% $545,988 ========
---------- * Non-income producing security. (a) Represents cost for financial reporting purposes. Cost for federal income tax purposes is $528,416 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $ 99,181 Unrealized Depreciation.................. (27,717) -------- Unrealized Appreciation (Depreciation)... $ 71,464 ========
(b) This security or a partial position of the security was on loan at June 30, 2005. The total value of securities on loan at June 30, 2005 in thousands was $54,259. (c) This security was purchased with cash collateral held from securities lending. Cl - Class SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. GEOGRAPHIC SUMMARY OF INVESTMENTS INTERNATIONAL EQUITY INDEX FUND June 30, 2005 (unaudited) Cash Equivalents $ 99 0.0% Consumer Discretionary 69,238 12.6 Consumer Staples 33,687 6.2 Energy 42,057 7.6 Financials 148,409 27.8 Health Care 32,106 5.8 Industrials 58,224 10.4 Information Technology 36,700 6.7 Materials 41,082 7.3 Short-Term Investments 57,529 10.5 Telecommunication Services 42,305 7.8 Utilities 38,444 7.2 Total $599,880.000 109.9% ============ =====
STI CLASSIC EQUITY FUNDS LIFE VISION AGGRESSIVE GROWTH FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES VALUE --------- -------- EQUITY FUNDS (97.1%) STI Classic Aggressive Growth Stock Fund, T Shares (b) 335,548 $ 3,419 STI Classic Capital Appreciation Fund, T Shares (b) 1,115,835 13,490 STI Classic Emerging Growth Stock Fund, T Shares * (b) 20,075 204 STI Classic Growth and Income Fund, T Shares (b) 608,312 9,891 STI Classic International Equity Index Fund, T Shares (b) 558,197 7,039 STI Classic Mid-Cap Equity Fund, T Shares (b) 179,550 2,268 STI Classic Mid-Cap Value Equity Fund, T Shares (b) 97,541 1,208 STI Classic Small Cap Growth Stock Fund, T Shares * (b) 41,698 861 STI Classic Small Cap Value Equity Fund, T Shares (b) 25,026 503 STI Classic Strategic Quantitative Equity Fund, T Shares * (b) 220,605 3,009 STI Classic Value Income Stock Fund, T Shares (b) 528,041 6,574 ------- TOTAL EQUITY FUNDS (COST $42,184) 48,466 ------- MONEY MARKET FUNDS (2.9%) STI Classic Prime Quality Money Market Fund, T Shares (b) 1,428,115 1,428 ------- TOTAL MONEY MARKET FUNDS (COST $1,428) 1,428 ------- TOTAL INVESTMENTS (COST $43,612) (A) - 100.0% 49,894 LIABILITIES IN EXCESS OF OTHER ASSETS - 0.0% (8) ------- NET ASSETS - 100.0% $49,886 =======
---------- * Non-income producing security. (a) Represents cost for financial reporting purposes. Cost for federal income tax purposes is $45,080 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $5,092 Unrealized Depreciation.................. (278) ------ Unrealized Appreciation (Depreciation)... $4,814 ======
(b) Affiliate Investment. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS LIFE VISION CONSERVATIVE FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES VALUE ------ ------ EQUITY FUNDS (24.8%) STI Classic Aggressive Growth Stock Fund, T Shares (b) 14,844 $ 151 STI Classic Capital Appreciation Fund, T Shares (b) 49,573 600 STI Classic Growth and Income Fund, T Shares (b) 21,613 351 STI Classic International Equity Index Fund, T Shares (b) 26,639 336 STI Classic Mid-Cap Equity Fund, T Shares (b) 6,664 84 STI Classic Mid-Cap Value Equity Fund, T Shares (b) 6,797 84 STI Classic Small Cap Growth Stock Fund, T Shares * (b) 4,105 85 STI Classic Small Cap Value Equity Fund, T Shares (b) 4,183 84 STI Classic Strategic Quantitative Equity Fund, T Shares * (b) 6,152 84 STI Classic Value Income Stock Fund, T Shares (b) 18,748 233 ------ TOTAL EQUITY FUNDS (COST $1,834) 2,092 ------ FIXED INCOME FUNDS (69.1%) STI Classic High Income Fund, T Shares (b) 11,490 85 STI Classic Institutional Core Bond Fund, T shares (b) 558,825 5,751 ------ TOTAL FIXED INCOME FUNDS (COST $5,785) 5,836 ------ MONEY MARKET FUNDS (5.7%) STI Classic Prime Quality Money Market Fund, T Shares (b) 482,293 482 ------ TOTAL MONEY MARKET FUNDS (COST $482) 482 ------ TOTAL INVESTMENTS (COST $8,101) (A) - 99.6% 8,410 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.4% 32 ------ NET ASSETS - 100.0% $8,442 ======
---------- * Non-income producing security. (a) Represents cost for financial reporting purposes. Cost for federal income tax purposes is $8,102 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $311 Unrealized Depreciation.................. (3) ---- Unrealized Appreciation (Depreciation)... $308 ====
(b) Affiliate Investment. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS LIFE VISION GROWTH AND INCOME FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES VALUE --------- -------- EQUITY FUNDS (77.4%) STI Classic Aggressive Growth Stock Fund, T Shares (b) 578,836 $ 5,898 STI Classic Capital Appreciation Fund, T Shares (b) 1,930,437 23,340 STI Classic Emerging Growth Stock Fund, T Shares * (b) 34,126 347 STI Classic Growth and Income Fund, T Shares (b) 1,086,912 17,673 STI Classic International Equity Index Fund, T Shares (b) 987,542 12,453 STI Classic Mid-Cap Equity Fund, T Shares (b) 307,920 3,889 STI Classic Mid-Cap Value Equity Fund, T Shares (b) 184,694 2,287 STI Classic Small Cap Growth Stock Fund, T Shares * (b) 72,358 1,493 STI Classic Small Cap Value Equity Fund, T Shares (b) 56,825 1,142 STI Classic Strategic Quantitative Equity Fund, T Shares * (b) 331,239 4,518 STI Classic Value Income Stock Fund, T Shares (b) 942,741 11,737 -------- TOTAL EQUITY FUNDS (COST $73,027) 84,777 -------- FIXED INCOME FUNDS (21.8%) STI Classic High Income Fund, T Shares (b) 155,267 1,144 STI Classic Institutional Core Bond Fund, T shares (b) 2,216,323 22,806 -------- TOTAL FIXED INCOME FUNDS (COST $23,453) 23,950 -------- MONEY MARKET FUNDS (0.7%) STI Classic Prime Quality Money Market Fund, T Shares (b) 787,295 787 -------- TOTAL MONEY MARKET FUNDS (COST $787) 787 -------- TOTAL INVESTMENTS (COST $97,267) (A) - 99.9% 109,514 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.1% 109 -------- NET ASSETS - 100.0% $109,623 ========
---------- * Non-income producing security. (a) Represents cost for financial reporting purposes. Cost for federal income tax purposes is $98,500 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $11,227 Unrealized Depreciation.................. (213) ------- Unrealized Appreciation (Depreciation)... $11,014 =======
(b) Affiliate Investment. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS LIFE VISION MODERATE GROWTH FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES VALUE --------- -------- EQUITY FUNDS (54.6%) STI Classic Aggressive Growth Stock Fund, T Shares (b) 576,960 $ 5,879 STI Classic Capital Appreciation Fund, T Shares (b) 1,925,110 23,274 STI Classic Growth and Income Fund, T Shares (b) 1,080,759 17,573 STI Classic International Equity Index Fund, T Shares (b) 979,767 12,355 STI Classic Mid-Cap Equity Fund, T Shares (b) 246,414 3,112 STI Classic Mid-Cap Value Equity Fund, T Shares (b) 125,697 1,556 STI Classic Small Cap Growth Stock Fund, T Shares * (b) 75,901 1,567 STI Classic Small Cap Value Equity Fund, T Shares (b) 77,441 1,557 STI Classic Strategic Quantitative Equity Fund, T Shares * (b) 454,973 6,206 STI Classic Value Income Stock Fund, T Shares (b) 937,909 11,677 -------- TOTAL EQUITY FUNDS (COST $71,309) 84,756 -------- FIXED INCOME FUNDS (40.3%) STI Classic High Income Fund, T Shares (b) 212,564 1,567 STI Classic Institutional Core Bond Fund, T shares (b) 5,935,319 61,074 -------- TOTAL FIXED INCOME FUNDS (COST $62,019) 62,641 -------- MONEY MARKET FUNDS (5.0%) STI Classic Prime Quality Money Market Fund, T Shares (b) 7,724,558 7,725 -------- TOTAL MONEY MARKET FUNDS (COST $7,725) 7,725 -------- TOTAL INVESTMENTS (COST $141,053) (A) - 99.9% 155,122 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.1% 161 -------- NET ASSETS -100.0% $155,283 ========
---------- * Non-income producing security. (a) Represents cost for financial reporting purposes. Cost for federal income tax purposes is $143,945 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $11,488 Unrealized Depreciation.................. (311) ------- Unrealized Appreciation (Depreciation)... $11,177 =======
(b) Affiliate Investment. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS MID-CAP EQUITY FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------- COMMON STOCKS (97.1%) CONSUMER DISCRETIONARY (17.9%) Abercrombie & Fitch Co., Cl A 30,680 $ 2,108 Aeropostale, Inc. * (b) 30,803 1,035 American Eagle Outfitters, Inc. 69,550 2,132 Autoliv, Inc. 21,973 962 Bed Bath & Beyond, Inc. * 46,168 1,929 Black & Decker Corp. (The) (b) 25,509 2,292 Brunswick Corp. (b) 23,559 1,021 Centex Corp. (b) 22,614 1,598 Choice Hotels International, Inc. 57,458 3,774 Coach, Inc. * 30,185 1,013 Dollar General Corp. 69,861 1,422 Guitar Center, Inc. * (b) 14,950 873 Hilton Hotels Corp. (b) 55,776 1,330 J. C. Penney Co., Inc. 28,905 1,520 Lennar Corp., Cl A (b) 50,360 3,195 M.D.C. Holdings, Inc. (b) 41,041 3,376 Marvel Enterprises, Inc. * (b) 27,064 534 McGraw-Hill Cos., Inc. (The) 80,638 3,568 Nordstrom, Inc. (b) 25,751 1,750 Pixar Animation Studios * 15,479 775 Ryland Group, Inc. (The) 17,853 1,355 Scholastic Corp. * 61,679 2,378 Sears Holdings Corp. * 11,583 1,736 Sherwin-Williams Co. (The) 34,597 1,629 Urban Outfitters, Inc. * 21,013 1,191 YUM! Brands, Inc. (b) 51,470 2,681 ------- 47,177 ------- CONSUMER STAPLES (3.6%) 7-Eleven, Inc. * 52,183 1,578 Archer Daniels Midland Co. 62,086 1,327 Pilgrim's Pride Corp. (b) 41,740 1,425 Reynolds American, Inc. (b) 43,786 3,450 Smithfield Foods, Inc. * 62,115 1,694 ------- 9,474 ------- ENERGY (6.8%) Amerada Hess Corp. (b) 27,497 2,928 Cooper Cameron Corp. * (b) 21,226 1,317 Devon Energy Corp. 48,573 2,462 FMC Technologies, Inc. * 40,635 1,299 Marathon Oil Corp. 45,746 2,441 Newfield Exploration Co. * 51,156 2,041 Pride International, Inc. * 59,131 1,520 Tidewater, Inc. 36,304 1,384 Valero Energy Corp. (b) 31,533 2,495 ------- 17,887 ------- FINANCIALS (19.1%) American Capital Strategies Ltd. (b) 35,531 1,283
Annaly Mortgage Management, Inc. (b) 123,546 2,215 Arch Capital Group Ltd. * 14,630 659 Bear, Stearns & Co., Inc. 9,848 1,024 Brandywine Realty Trust 44,855 1,375 CBL & Associates Properties, Inc. 40,502 1,744 CIT Group, Inc. 49,297 2,118 Comerica, Inc. 42,820 2,475 E*TRADE Financial Corp. * 140,555 1,966 General Growth Properties, Inc. (b) 74,908 3,078 IndyMac Bancorp, Inc. (b) 28,582 1,164 KeyCorp 54,267 1,799 Legg Mason, Inc. 14,010 1,459 Lexington Corp. Properties Trust (b) 91,054 2,214 Lincoln National Corp. 80,624 3,783 MBIA, Inc. (b) 32,929 1,953 MGIC Investment Corp. (b) 30,125 1,965 National City Corp. 43,208 1,474 North Fork Bancorporation, Inc. 91,516 2,571 PartnerRe Ltd. 44,983 2,898 PMI Group, Inc. (The) 31,088 1,212 Radian Group, Inc. 34,567 1,632 Raymond James Financial, Inc. 46,242 1,306 Sovereign BanCorp, Inc. (b) 54,823 1,225 St. Paul Travelers Cos., Inc. (The) 67,445 2,666 Student Loan Corp. (The) 12,644 2,779 ------ 50,037 ------ HEALTH CARE (10.7%) Allergan, Inc. 12,454 1,062 Becton, Dickinson & Co. 20,894 1,096 CIGNA Corp. 28,599 3,061 Coventry Health Care, Inc. * (b) 50,174 3,550 Edwards Lifesciences Corp. * (b) 24,148 1,039 Genzyme Corp. * 32,014 1,924 Health Management Associates, Inc., Cl A 70,993 1,859 Hospira, Inc. * 36,318 1,416 Humana, Inc. * 99,755 3,963 ImClone Systems, Inc. * 23,665 733 Laboratory Corp. of America Holdings * (b) 47,743 2,382 Medco Health Solutions, Inc. * 47,531 2,536 Protein Design Labs, Inc. * (b) 51,738 1,046 Sepracor, Inc. * (b) 16,778 1,007 Thermo Electron Corp. * 57,781 1,553 ------ 28,227 ------ INDUSTRIALS (11.0%) Danaher Corp. 29,377 1,538 Deluxe Corp. (b) 51,371 2,086 Eaton Corp. 52,834 3,166 H & R Block, Inc. (b) 52,222 3,047 Hughes Supply, Inc. (b) 66,028 1,855 Old Dominion Freight Line, Inc. * 24,385 654 PACCAR, Inc. (b) 37,122 2,524 Parker Hannifin Corp. 26,000 1,612 Pitney Bowes, Inc. 24,246 1,056 R.R. Donnelley & Sons Co. 54,191 1,870 Rockwell Collins, Inc. 32,787 1,563 Ryder System, Inc. 63,176 2,312 Southwest Airlines Co. 182,779 2,546 Textron, Inc. 32,524 2,467 Timken Co. (The) 32,894 760 ------ 29,056 ------
INFORMATION TECHNOLOGY (14.8%) Adobe Systems, Inc. (b) 63,213 1,809 Alliance Data Systems Corp. * 20,392 827 Amphenol Corp., Cl A 31,357 1,260 Apple Computer, Inc. * 62,140 2,287 Autodesk, Inc. 62,432 2,146 Check Point Software Technologies Ltd. * 47,943 949 Citrix Systems, Inc. * (b) 59,140 1,281 Corning, Inc. * (b) 127,515 2,119 Global Payments, Inc. (b) 23,864 1,618 Juniper Networks, Inc. * 76,077 1,916 KLA-Tencor Corp. (b) 22,874 1,000 Lam Research Corp. * (b) 19,548 566 Linear Technology Corp. 27,927 1,025 McAfee, Inc. * (b) 66,982 1,754 MEMC Electronic Materials, Inc. * 122,568 1,933 National Semiconductor Corp. (b) 128,387 2,827 NCR Corp. * 53,138 1,866 Novellus Systems, Inc. * 72,081 1,781 QLogic Corp. * (b) 29,887 923 Scientific-Atlanta, Inc. 73,883 2,458 Storage Technology Corp. * 34,855 1,265 Symantec Corp. * 32,566 708 VeriSign, Inc. * 55,554 1,598 VERITAS Software Corp. * 38,123 930 Xerox Corp. * (b) 166,366 2,294 ------- 39,140 ------- MATERIALS (3.3%) Ball Corp. 40,378 1,452 Lubrizol Corp. (The) 57,271 2,406 Lyondell Chemical Co. 86,139 2,276 Phelps Dodge Corp. 14,024 1,297 United States Steel Corp. (b) 35,620 1,224 ------- 8,655 ------- REITS (1.4%) Simon Property Group, Inc. (b) 14,220 1,031 SL Green Realty Corp. 41,911 2,703 ------- 3,734 ------- TELECOMMUNICATION SERVICES (1.1%) Citizens Communications Co. (b) 140,409 1,887 Western Wireless Corp., Cl A * 21,959 929 ------- 2,816 ------- UTILITIES (7.4%) AES Corp. (The) * 99,554 1,631 Allegheny Energy, Inc. * (b) 76,899 1,939 Equitable Resources, Inc. 12,478 849 National Fuel Gas Co. 44,534 1,287 Northeast Utilities 157,948 3,295 PG&E Corp. 51,280 1,925 Sempra Energy 48,942 2,022 TXU Corp. 26,601 2,210 UGI Corp. 98,116 2,737 Xcel Energy, Inc. 85,535 1,670 ------- 19,565 ------- TOTAL COMMON STOCKS (COST $218,597) 255,768 ------- SHORT-TERM INVESTMENT (28.6%) CSFB Enhanced Liquidity Portfolio (c) 75,461,679 75,462 -------
TOTAL SHORT-TERM INVESTMENT (COST $75,310) 75,462 -------- REPURCHASE AGREEMENT (2.1%) BNP Paribas, 3.305%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $5,630,900 (collateralized by U.S. Government Agencies; 4.875%, due 11/15/13; total market value $5,743,695) 5,630 5,630 -------- TOTAL REPURCHASE AGREEMENT (COST $5,630) 5,630 -------- TOTAL INVESTMENTS (COST $299,537) (A) - 127.8% 336,860 LIABILITIES IN EXCESS OF OTHER ASSETS - (27.8)% (73,216) -------- NET ASSETS - 100.0% $263,644 ========
---------- * Non-income producing security. (a) Cost for federal income tax purposes is $299,886 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $41,693 Unrealized Depreciation.................. (4,719) ------- Unrealized Appreciation (Depreciation)... $36,974 =======
(b) This security or a partial position of the security was on loan at June 30, 2005. The total value of securities on loan at June 30, 2005 in thousands was $73,039. (c) This security was purchased with cash collateral held from securities lending. Cl - Class REIT - Real Estate Investment Trust SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS MID-CAP VALUE EQUITY FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES VALUE ------- ------- COMMON STOCKS (98.3%) CONSUMER DISCRETIONARY (11.1%) American Axle & Manufacturing Holdings, Inc. (b) 188,250 $ 4,757 Dow Jones & Co., Inc. (b) 73,900 2,620 Mattel, Inc. 295,000 5,398 Newell Rubbermaid, Inc. 86,500 2,062 Regal Entertainment Group, Cl A (b) 114,500 2,162 Stanley Works (The) 49,300 2,245 Tribune Co. (b) 78,000 2,744 ------- 21,988 ------- CONSUMER STAPLES (8.1%) Archer Daniels Midland Co. 141,200 3,019 Corn Products International, Inc. 58,620 1,393 Fomento Economico Mexicano SA ADR 43,600 2,597 H.J. Heinz Co. 98,800 3,500 J.M. Smucker Co. (The) (b) 47,700 2,239 Pepsi Bottling Group, Inc. (The) (b) 111,400 3,187 ------- 15,935 ------- ENERGY (9.3%) GlobalSantaFe Corp. 80,200 3,272 Marathon Oil Corp. 78,400 4,184 Noble Energy, Inc. (b) 45,000 3,404 Pioneer Natural Resources Co. (b) 77,200 3,249 Teekay Shipping Corp. (b) 47,200 2,072 Tidewater, Inc. 55,800 2,127 ------- 18,308 ------- FINANCIALS (21.2%) Alliance Capital Management Holding LP 46,200 2,159 Bear, Stearns & Co., Inc. 39,000 4,054 Colonial BancGroup, Inc. (The) 187,700 4,141 Comerica, Inc. 87,700 5,069 Compass Bancshares, Inc. 50,900 2,291 FirstMerit Corp. 128,945 3,367 Huntington Bancshares, Inc. 87,400 2,110 Nationwide Financial Services, Inc., Cl A 56,970 2,161 Northern Trust Corp. 90,700 4,135 Provident Financial Services, Inc. 262,239 4,608 South Financial Group, Inc. (The) 277,800 7,894 ------- 41,989 ------- HEALTH CARE (3.2%) Health Management Associates, Inc., Cl A 81,300 2,128 PerkinElmer, Inc. 136,800 2,586 Serono SA ADR 103,781 1,659 ------- 6,373 ------- INDUSTRIALS (17.1%) Cintas Corp. (b) 53,100 2,050 Dover Corp. 109,600 3,987 Embraer-Empresa Brasileira de 160,500 5,308
Aeronautica SA ADR MSC Industrial Direct Co., Inc., Cl A 123,500 4,168 Pall Corp. 180,500 5,480 Parker Hannifin Corp. 41,500 2,573 R.R. Donnelley & Sons Co. 125,152 4,319 Rockwell Automation, Inc. 94,900 4,623 Tomkins PLC ADR (b) 64,457 1,226 -------- 33,734 -------- INFORMATION TECHNOLOGY (10.7%) Diebold, Inc. (b) 126,700 5,715 Harris Corp. 89,100 2,781 Intersil Corp., Cl A 103,300 1,939 Linear Technology Corp. 64,700 2,374 Microchip Technology, Inc. (b) 68,300 2,023 Reynolds & Reynolds Co. (The), Cl A 76,633 2,071 Tektronix, Inc. 178,200 4,147 -------- 21,050 -------- MATERIALS (14.1%) Alcan, Inc. 123,000 3,690 Bemis Co., Inc. 76,800 2,038 Cytec Industries, Inc. 38,207 1,521 Domtar, Inc. 422,365 3,121 Ferro Corp. 78,322 1,555 Foundation Coal Holdings, Inc. (b) 86,655 2,248 Lubrizol Corp. (The) 56,000 2,353 Sappi Ltd. ADR 421,700 4,564 Sigma-Aldrich Corp. 47,400 2,656 Valspar Corp. (The) 84,849 4,097 -------- 27,843 -------- REITS (1.9%) American Financial Realty Trust 105,800 1,627 Trustreet Properties, Inc. 129,100 2,145 -------- 3,772 -------- UTILITIES (1.6%) National Fuel Gas Co. 110,533 3,196 -------- TOTAL COMMON STOCKS (COST $182,124) 194,188 -------- SHORT-TERM INVESTMENT (15.1%) CSFB Enhanced Liquidity Portfolio (c) 29,861,375 29,861 -------- TOTAL SHORT-TERM INVESTMENT (COST $29,861) 29,861 -------- TOTAL INVESTMENTS (COST $211,985) (A) - 113.4% 224,049 LIABILITIES IN EXCESS OF OTHER ASSETS - (13.4)% (26,484) -------- NET ASSETS - 100.0% $197,565 ========
---------- (a) Represents cost for financial reporting purposes. Cost for federal income tax purposes is $212,591 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $16,513 Unrealized Depreciation.................. (5,055) ------- Unrealized Appreciation (Depreciation)... $11,458 =======
(b) This security or a partial position of the security was on loan at June 30, 2005. The total value of securities on loan at June 30, 2005 in thousands was $28,711. (c) This security was purchased with cash collateral held from securities lending. ADR - American Depository Receipt Cl - Class LP - Limited Partnership REIT - Real Estate Investment Trust SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS SMALL CAP GROWTH STOCK FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- -------- COMMON STOCKS (96.7%) CONSUMER DISCRETIONARY (13.2%) America's Car-Mart, Inc. * 5,956 $ 134 Building Materials Holding Corp. 60,000 4,157 Casual Male Retail Group, Inc. * (b) 680,000 4,971 Christopher & Banks Corp. 260,000 4,748 Coldwater Creek, Inc. * 310,000 7,722 Conn's, Inc. * 220,000 5,383 CSK Auto Corp. * 370,000 6,172 Dover Downs Gaming & Entertainment, Inc. 141,136 1,871 Dress Barn, Inc. (The) * 50,331 1,139 Genesco, Inc. * 195,000 7,233 Gottschalks, Inc. * 200,000 2,250 Guitar Center, Inc. * (b) 70,000 4,086 Isle of Capri Casinos, Inc. * 270,000 7,074 Jos. A. Bank Clothiers, Inc. * (b) 230,000 9,958 K2, Inc. * 200,000 2,536 MarineMax, Inc. * 120,000 3,750 Mikohn Gaming Corp. * (b) 302,955 4,461 New Frontier Media, Inc. * 27,956 186 Noble International Ltd. 150,000 3,533 Orange 21, Inc. * 561,000 2,878 Orleans Homebuilders, Inc. (b) 25,801 605 PetMed Express, Inc * (b) 276,442 2,131 Quiksilver, Inc. * (b) 410,000 6,552 RARE Hospitality International, Inc. * (b) 20,000 609 Rocky Shoes & Boots, Inc. * 265,000 8,281 Sauer-Danfoss, Inc. 205,000 3,643 Scientific Games Corp. * 230,000 6,194 Steiner Leisure Ltd. * 185,000 6,858 Talbots, Inc. (The) 195,000 6,332 Too, Inc. * 280,000 6,544 William Lyon Homes, Inc. * 49,179 4,771 Wolverine World Wide, Inc. 129,488 3,109 -------- 139,871 -------- CONSUMER STAPLES (3.0%) BJ's Wholesale Club, Inc. * 162,260 5,272 Central European Distribution Corp. * (b) 125,000 4,666 Central Garden & Pet Co. * (b) 115,000 5,649 Chiquita Brands International, Inc. 60,000 1,648 Corn Products International, Inc. 193,425 4,596 Elizabeth Arden, Inc. * (b) 180,000 4,210 Spectrum Brands, Inc. * (b) 175,000 5,774 -------- 31,815 -------- ENERGY (3.5%) Cal Dive International, Inc. * (b) 120,000 6,284 Core Laboratories NV * 210,000 5,632 FMC Technologies, Inc. * 110,000 3,517
Oceaneering International, Inc. * 30,000 1,160 Spinnaker Exploration Co. * 120,000 4,259 Superior Energy Services, Inc. * (b) 130,000 2,314 TEL Offshore Trust (b) 4,507 45 Tidewater, Inc. (b) 170,000 6,480 TODCO, Cl A * (b) 105,000 2,695 Unit Corp. * (b) 100,000 4,401 ------- 36,787 ------- FINANCIALS (9.9%) Accredited Home Lenders Holding Co. * (b) 77,578 3,413 Affiliated Managers Group, Inc. * (b) 95,000 6,491 American Safety Insurance Holdings Ltd. * 140,000 2,131 Arch Capital Group Ltd. * 100,000 4,505 Asta Funding, Inc. 120,000 3,334 BankAtlantic Bancorp, Inc. 250,000 4,738 Commercial Capital Bancorp, Inc. (b) 90,000 1,504 Commercial Federal Corp. 135,000 4,547 Corus Bankshares, Inc. 65,000 3,607 First Community Bancorp, Cl A 65,000 3,088 First Niagara Financial Group, Inc. (b) 260,000 3,791 Franklin Bank Corp. * 277,230 5,201 Infinity Property & Casualty Corp. 190,000 6,627 MAF Bancorp, Inc. 30,000 1,279 Northwest Bancorp, Inc. 70,000 1,488 Platinum Underwriters Holdings Ltd. (b) 220,000 6,999 R & G Financial Corp., Cl B 155,000 2,742 RLI Corp. 90,000 4,014 Santander BanCorp 109,829 2,752 Selective Insurance Group, Inc. 100,000 4,955 South Financial Group, Inc. (The) 85,000 2,416 TierOne Corp. 95,000 2,577 United Community Banks, Inc. (b) 60,000 1,561 Universal American Financial Corp. * 195,000 4,411 W Holding Co., Inc. 590,000 6,030 Westcorp 95,000 4,980 Zenith National Insurance Corp. (b) 92,000 6,243 ------- 105,424 ------- HEALTH CARE (15.0%) ABIOMED, Inc. * (b) 15,241 130 Align Technology, Inc. * (b) 190,000 1,400 AMICAS, Inc. * 550,000 2,492 Aspect Medical Systems, Inc. * (b) 307,161 9,135 Autocyte * 343,752 2,943 Bentley Pharmaceuticals, Inc. * 185,000 2,026 Cubist Pharmaceuticals, Inc. * 120,000 1,580 Genesis Healthcare Corp. * (b) 105,000 4,859 Hologic, Inc. * 195,000 7,751 IDEXX Laboratories, Inc. * (b) 108,000 6,732 Illumina, Inc. * 560,000 6,759 IntraLase Corp. * 185,000 3,630 Intuitive Surgical, Inc. * (b) 172,000 8,022 Kensey Nash Corp. * (b) 200,000 6,048 Kos Pharmaceuticals, Inc. * (b) 100,000 6,550 LHC Group, Inc. * (b) 81,100 1,474 LifePoint Hospitals, Inc. * (b) 72,925 3,684 Martek Biosciences Corp. * (b) 192,000 7,286 MGI Pharma, Inc. * (b) 280,000 6,093 Natus Medical, Inc. * 66,486 748 Palomar Medical Technologies, Inc. * (b) 260,000 6,219 Par Pharmaceutical Cos., Inc. * (b) 110,000 3,499 Per-Se Technologies, Inc. * 375,000 7,883
Possis Medical, Inc. * 219,800 2,227 Protein Design Labs, Inc. * (b) 480,000 9,701 Salix Pharmaceuticals Ltd. * 365,000 6,446 SFBC International, Inc. * (b) 215,000 8,305 SurModics, Inc. * (b) 175,000 7,590 Taro Pharmaceutical Industries Ltd. * 105,000 3,052 Third Wave Technologies, Inc. * 607,873 2,389 United Therapeutics Corp. * 120,000 5,784 Ventana Medical Systems, Inc. * (b) 30,000 1,207 Ventiv Health, Inc. * 300,000 5,784 ------- 159,428 ------- INDUSTRIALS (16.9%) Actuant Corp., Cl A * (b) 129,798 6,223 Builders FirstSource, Inc. * 158,700 2,571 Ceradyne, Inc. * (b) 295,000 7,101 Coinstar, Inc. * 325,000 7,374 Copart, Inc. * 310,000 7,377 Dycom Industries, Inc. * 230,000 4,556 EDO Corp. 180,000 5,384 ElkCorp 185,000 5,282 Encore Wire Corp. * (b) 390,000 4,520 Engineered Support Systems, Inc. 125,000 4,479 Flow International Corp. * (d) 1,727,000 10,154 Gardner Denver, Inc. * 150,000 5,262 General Cable Corp. * (b) 340,000 5,042 Genlyte Group, Inc. (The) * 195,000 9,503 Gevity HR, Inc. 356,505 7,141 Greenbrier Cos., Inc. 230,000 6,233 Griffon Corp. * (b) 105,000 2,331 Innovative Solutions & Support, Inc. * (b) 115,000 3,861 Kforce, Inc. * 270,000 2,284 Labor Ready, Inc. * 225,000 5,245 Marten Transport Ltd. * 240,949 5,058 Mercury Computer Systems, Inc. * 150,000 4,106 Mueller Industries, Inc. 108,000 2,927 NCI Building Systems, Inc. * 145,000 4,756 Orbital Sciences Corp. * (b) 300,000 2,970 Pacer International, Inc. * 205,000 4,467 Power-One, Inc. * 775,038 4,890 SI International, Inc. * 245,268 7,348 Simpson Co., Inc. (b) 90,000 2,750 SkyWest, Inc. 110,000 2,000 U.S. Xpress Enterprises, Inc. * 150,000 1,787 Ultralife Batteries, Inc. * (b) 330,000 5,330 Universal Truckload Services, Inc. * 227,000 3,834 Volt Information Sciences, Inc. * 81,250 1,928 Wabtec Corp. 285,000 6,122 Werner Enterprises, Inc. (b) 257,729 5,062 Woodward Governor Co. 28,000 2,353 ------- 179,611 ------- INFORMATION TECHNOLOGY (31.0%) 02Micro International Ltd. * (b) 355,000 4,988 ADTRAN, Inc. (b) 232,933 5,774 Aeroflex, Inc. * 730,000 6,132 Aladdin Knowledge Systems Ltd. * 290,000 5,957 Altiris, Inc * (b) 225,000 3,303 American Software, Inc. 450,272 2,603 ANSYS, Inc. * 135,000 4,794 Anteon International Corp. * 165,000 7,527 ARGON ST, Inc. * 190,000 6,745 ATMI, Inc. * (b) 190,000 5,512
AuthentiDate Holding Corp. * 348,900 928 BEI Technologies, Inc. 170,000 4,536 Belden CDT, Inc. (b) 295,000 6,254 Bottomline Technologies (de), Inc. * 419,800 6,284 CACI International, Inc. * (b) 80,000 5,053 Captiva Software Corp. * 570,000 8,231 Carrier Access Corp. * (b) 370,000 1,783 ChipMOS TECHNOLOGIES (Bermuda) Ltd. * (b) 817,402 5,403 CIBER, Inc. * 400,000 3,192 Click Commerce, Inc * (b) 257,383 5,912 Credence Systems Corp. * (b) 580,000 5,249 Cypress Semiconductor Corp. * (b) 415,000 5,225 Digi International, Inc. * 620,061 7,354 Ditech Communications Corp. * 590,000 3,829 Epicor Software Corp. * 400,000 5,280 Euronet Worldwide, Inc. * 160,000 4,651 FEI Co. * (b) 250,000 5,703 Global Payments, Inc. (b) 65,000 4,407 Hutchinson Technology, Inc. * (b) 120,000 4,621 Hyperion Solutions Corp. * 135,000 5,432 InfoCrossing, Inc. * (b) 430,000 5,362 Integrated Device Technology, Inc. * (b) 460,000 4,945 Ixia * 215,000 4,180 IXYS Corp. * 330,000 4,679 Jupitermedia Corp. * 430,000 7,366 M-Systems Flash Disk Pioneers Ltd. * (b) 260,000 4,984 Magma Design Automation, Inc. * (b) 360,000 3,010 Maxtor Corp. * (b) 728,274 3,787 Measurement Specialties, Inc. * 100,000 2,321 Merix Corp. * (b) 255,000 1,492 Metrologic Instruments, Inc. * (b) 361,066 4,528 Micromuse, Inc. * (b) 660,000 3,736 MicroStrategy, Inc., Cl A * (b) 85,000 4,508 MIPS Technologies, Inc. * 290,000 2,088 Moldflow Corp. * 285,000 3,691 Motive, Inc * 400,000 3,972 Network Technology, PLC * 350,000 1,806 NICE Systems Ltd. * 215,000 8,486 Orbotech Ltd. * 170,000 3,653 Packeteer, Inc. * 205,937 2,904 PC Connection, Inc. * (b) 349,901 2,176 Performance Technologies, Inc. * 550,000 3,042 Radvision Ltd. * 190,000 2,525 Radware Ltd. * 190,000 3,435 Radyne ComStream, Inc. * 490,000 4,251 Rogers Corp. * 150,000 6,083 SafeNet, Inc. * (b) 82,750 2,818 Secure Computing Corp. * 234,636 2,553 Silicon Image, Inc. * 440,000 4,514 Silicon Storage Technology, Inc. * (b) 200,000 806 Skyworks Solutions, Inc. * 285,116 2,101 SM&A * 520,000 4,664 SS&C Technologies, Inc. 225,000 7,128 Stellent, Inc. * 570,000 4,275 Symmetricom, Inc. * 380,000 3,941 Synaptics, Inc. * (b) 210,000 4,486 Tekelec * (b) 272,583 4,579 TeleCommunication Systems, Inc. * (b) 850,000 1,921 THQ, Inc. * (b) 35,000 1,024 TransAct Technologies, Inc. * (b) 29,729 252 Transaction Systems Architects, Inc. * 199,000 4,901
Trimble Navigation Ltd. * (b) 105,000 4,092 TTI Team Telecom International Ltd. * (b) 115,000 270 Ultimate Software Group, Inc. (The) * (b) 515,000 8,446 ValueClick, Inc. * 159,183 1,963 Westell Technologies, Inc., Cl A * (b) 400,000 2,392 Witness Systems, Inc. * (b) 250,000 4,558 Workstream Inc. * (b) 180,282 324 --------- 327,680 --------- MATERIALS (4.2%) Agrium, Inc. 198,211 3,887 Aleris International, Inc. * 240,000 5,412 Commercial Metals Co. 115,000 2,739 Florida Rock Industries, Inc. (b) 85,000 6,235 Georgia Gulf Corp. 110,000 3,416 Gibraltar Industries, Inc. 240,000 4,450 Headwaters, Inc. * (b) 120,000 4,126 Metal Management, Inc. (b) 180,000 3,483 Silgan Holdings, Inc. 60,000 3,374 Texas Industries, Inc. 135,000 7,590 --------- 44,712 --------- TOTAL COMMON STOCKS (COST $877,768) 1,025,328 --------- PREFERRED STOCKS (0.0%) CONSUMER DISCRETIONARY (0.0%) Fedders Corp. (b) 21,500 444 --------- TOTAL PREFERRED STOCKS (COST $510) 444 --------- WARRANT (0.1%) INDUSTRIALS (0.0%) Flow International Warrants 172,700 313 --------- INFORMATION TECHNOLOGY (0.1%) InfoCrossing, Inc. * 139,109 641 --------- TOTAL WARRANT (COST $6) 954 --------- CORPORATE BONDS (0.1%) COPPER FOUNDRIES (0.1%) Mueller Industries, Inc., 6.000%, 11/1/14, Callable 11/15/05 @ 104 (b) $ 1,147 1,136 --------- TOTAL CORPORATE BONDS (COST $1,147) 1,136 --------- SHORT-TERM INVESTMENT (22.0%) CSFB Enhanced Liquidity Portfolio (c) 233,172,173 233,172 --------- TOTAL SHORT-TERM INVESTMENT (COST $233,172) 233,172 --------- REPURCHASE AGREEMENT (3.5%) BNP Paribas, 3.305%, dated 6/30/05, to be repurchased on 07/01/05, repurchase price $36,781,757 (collateralized by U.S. Government Agencies, 2.875%-4.625%, due 12/15/06-10/15/13; total market value $37,514,573) 36,778 36,778 --------- TOTAL REPURCHASE AGREEMENT (COST $36,778) 36,778 ---------
TOTAL INVESTMENTS (COST $1,149,381) (A) - 122.4% 1,297,812 LIABILITIES IN EXCESS OF OTHER ASSETS - (22.4)% (237,643) ---------- NET ASSETS - 100.0% $1,060,169 ==========
---------- * Non-income producing security. (a) Cost for federal income tax purposes is $1,150,335 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $212,340 Unrealized Depreciation.................. (64,864) -------- Unrealized Appreciation (Depreciation)... $147,476 ========
(b) This security or a partial position of the security was on loan at June 30, 2005. The total value of securities on loan at June 30, 2005 in thousands was $225,498. (c) This security was purchased with cash collateral held from securities lending. (d) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund's advisor has deemed this security to be liquid based upon procedures approved by the Board of Trustees. Cl - Class SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS SMALL CAP VALUE EQUITY FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- -------- COMMON STOCKS (96.6%) CONSUMER DISCRETIONARY (17.4%) ArvinMeritor, Inc. 390,500 $ 6,947 Bassett Furniture Industries, Inc. 216,300 4,079 Benetton Group SpA ADR 227,800 4,178 Books-A-Million, Inc. 253,100 2,544 BorgWarner Transmission Systems, Inc. (b) 207,700 11,147 Brown Shoe Co., Inc. 145,200 5,685 CBRL Group, Inc. (b) 230,000 8,938 Intrawest Corp. 476,200 11,467 K-Swiss, Inc., Cl A 81,148 2,624 Lithia Motors, Inc. (b) 403,600 11,643 Makita Corp. ADR 455,254 8,891 Movado Group, Inc. (b) 605,200 11,426 Natuzzi SpA ADR 269,600 2,195 Nautilus Group, Inc. (The) (b) 260,000 7,410 Pep Boys-Manny, Moe & Jack (The) 117,500 1,591 Snap-on, Inc. 158,300 5,430 Stanley Furniture Co., Inc. 43,700 1,073 Sturm, Ruger & Co., Inc. 132,200 1,107 United Auto Group, Inc. 350,900 10,457 Winnebago Industries, Inc. (b) 223,200 7,310 -------- 126,142 -------- CONSUMER STAPLES (4.3%) Church & Dwight Co., Inc. (b) 363,150 13,146 Corn Products International, Inc. 318,700 7,572 Ingles Markets, Inc., Cl A 82,400 1,135 J.M. Smucker Co. (The) 195,243 9,165 -------- 31,018 -------- ENERGY (2.9%) CHC Helicopter Corp. 715,200 13,946 Tidewater, Inc. 193,800 7,388 -------- 21,334 -------- FINANCIALS (18.1%) American Financial Group, Inc. (b) 201,000 6,738 BankAtlantic Bancorp, Inc. 411,400 7,796 Banner Corp. 113,900 3,190 City National Corp. 103,600 7,429 Cohen & Steers, Inc. 387,830 7,993 Colonial BancGroup, Inc. (The) 339,300 7,485 Federal Agricultural Mortgage Corp., Cl C (b) 33,520 739 Glacier Bancorp, Inc. 231,032 6,037 HCC Insurance Holdings, Inc. 288,700 10,933 Horizon Financial Corp. 230,106 5,108 Hub International Ltd. 624,200 12,166 International Bancshares Corp. 127,400 3,604
Jefferies Group, Inc. (b) 143,100 5,422 National Interstate Corp. * 117,379 2,356 PXRE Group Ltd. 171,200 4,318 Scottish Re Group Ltd. (b) 173,400 4,203 Seacoast Banking Corp. of Florida 215,700 4,247 South Financial Group, Inc. (The) 260,700 7,409 StanCorp Financial Group, Inc. 164,600 12,606 Washington Federal, Inc. 245,004 5,762 West Coast Bancorp 226,953 5,540 ------- 131,081 ------- HEALTH CARE (6.2%) Cooper Cos., Inc. (The) 304,000 18,502 Invacare Corp. 146,900 6,516 Mentor Corp. 303,800 12,602 PerkinElmer, Inc. 97,200 1,837 Perrigo Co. (b) 395,000 5,506 ------- 44,963 ------- INDUSTRIALS (23.8%) ABM Industries, Inc. (b) 291,100 5,676 ADESA, Inc. 282,169 6,143 American Woodmark Corp. (b) 109,169 3,276 Apogee Enterprises, Inc. 348,400 5,355 Baldor Electric Co. 305,200 7,422 Briggs & Stratton Corp. (b) 271,700 9,406 Brink's Co. (The) 418,500 15,067 CP Ships Ltd. 473,800 7,415 Cummins, Inc. (b) 128,900 9,617 ElkCorp 121,200 3,460 Embraer-Empresa Brasileira de 223,416 7,388 Aeronautica SA ADR Engineered Support Systems, Inc. 157,500 5,643 Freightcar America, Inc. * 147,700 2,929 Graco, Inc. 364,500 12,419 Granite Construction, Inc. 282,700 7,944 Harsco Corp. (b) 66,700 3,638 Lan Airlines SA ADR 211,300 7,385 Lennox International, Inc. 359,189 7,604 LSI Industries, Inc. 496,487 6,921 Oshkosh Truck Corp. 94,500 7,397 Quixote Corp. 400,500 7,854 Ryder System, Inc. 52,000 1,903 Tecumseh Products Co., Cl A 77,100 2,116 Valmont Industries, Inc. 341,300 8,806 Wabtec Corp. 510,200 10,959 ------- 173,743 ------- INFORMATION TECHNOLOGY (12.6%) Factset Research Systems, Inc. (b) 368,400 13,203 Fair Isaac Corp. (b) 501,500 18,305 Harris Corp. 732,756 22,869 Helix Technology Corp. 304,500 4,044 Keithley Instruments, Inc. 249,000 3,837 Lowrance Electronics, Inc. (b) 178,200 3,746 Nam Tai Electronics, Inc. 394,700 8,975 Reynolds & Reynolds Co. (The), Cl A 607,500 16,421 ------- 91,400 ------- MATERIALS (10.0%) Agnico-Eagle Mines Ltd. 457,500 5,765 Airgas, Inc. 568,800 14,032 Allegheny Technologies, Inc. (b) 325,800 7,187 Arch Coal, Inc. 134,100 7,304
Cambrex Corp. 399,800 7,616 Peabody Energy Corp. 135,800 7,067 RPM International, Inc. 404,000 7,377 Sappi Ltd. ADR 799,000 8,645 Valspar Corp. (The) 155,200 7,495 -------- 72,488 -------- UTILITIES (1.3%) Companhia de Saneamento Basico ADR 617,800 9,298 -------- TOTAL COMMON STOCKS (COST $530,961) 701,467 -------- SHORT-TERM INVESTMENT (5.7%) CSFB Enhanced Liquidity Portfolio (c) 41,236,809 41,237 -------- TOTAL SHORT-TERM INVESTMENT (COST $41,237) 41,237 -------- REPURCHASE AGREEMENT (2.8%) Lehman Brothers, 3.335%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $20,090,934 (collateralized by U.S. Government Agencies; 5.500%, 04/01/34; total market value $20,089,073) $ 20,089 20,089 -------- TOTAL REPURCHASE AGREEMENT (COST $20,089) 20,089 -------- TOTAL INVESTMENTS (COST $592,287) (A) - 105.1% 762,793 LIABILITIES IN EXCESS OF OTHER ASSETS - (5.1)% (37,173) -------- NET ASSETS - 100.0% $725,620 ========
---------- * Non-income producing security. (a) Represents cost for financial reporting purposes. Cost for federal income tax purposes is $592,415 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $187,702 Unrealized Depreciation.................. (17,324) -------- Unrealized Appreciation (Depreciation)... $170,378 ========
(b) This security or a partial position of the security was on loan at June 30, 2005. The total value of securities on loan at June 30, 2005 in thousands was $39,736. (c) This security was purchased with cash collateral held from securities lending. ADR - American Depository Receipt Cl - Class SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS STRATEGIC QUANTITATIVE EQUITY FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------- COMMON STOCKS (100.1%) CONSUMER DISCRETIONARY (20.8%) Abercrombie & Fitch Co., Cl A 11,411 $ 784 Apollo Group, Inc. * 10,780 843 Bed Bath & Beyond, Inc. * 20,045 837 Best Buy Co., Inc. 12,184 835 Black & Decker Corp. (The) 9,514 855 Building Materials Holding Corp. 11,276 781 Career Education Corp. * 21,905 802 Centex Corp. 11,933 843 Chico's FAS, Inc. * 22,652 777 Coach, Inc. * 25,126 843 D. R. Horton, Inc. 20,982 789 Darden Restaurants, Inc. 25,597 844 eBay, Inc. * 25,566 844 Harte-Hanks, Inc. 17,705 526 Hibbet Sporting Goods, Inc. * 12,998 492 Hovnanian Enterprises, Inc. * 12,040 785 KB Home 11,084 845 Lennar Corp., Cl A 12,461 791 M.D.C. Holdings, Inc. 9,587 789 McGraw-Hill Cos., Inc. (The) 19,209 850 Meritage Homes Corp. * 9,890 786 Nordstrom, Inc. 12,389 842 Performance Food Group Co. * 10,708 323 Pulte Homes, Inc. 10,047 846 Ryland Group, Inc. (The) 10,324 783 Sherwin-Williams Co. (The) 18,305 863 Standard Pacific Corp. 8,966 789 Starbucks Corp. * 16,283 841 Toll Brothers, Inc. * 7,736 786 ------- 22,614 ------- CONSUMER STAPLES (5.6%) Anheuser-Busch Cos., Inc. 18,076 827 Archer Daniels Midland Co. 38,663 826 Church & Dwight Co., Inc. 15,126 548 Dean Foods Co. * 15,605 550 Nash Finch Co. 14,905 548 PepsiAmericas, Inc. 21,397 549 Ralcorp Holdings, Inc. * 13,356 550 SUPERVALU, Inc. 25,190 821 Treehouse Foods, Inc. * 3,154 90 Wal-Mart Stores, Inc. 17,076 823 ------- 6,132 ------- ENERGY (10.3%) Anadarko Petroleum Corp. 12,997 1,067 ConocoPhillips 18,452 1,061 Frontier Oil Corp. 18,297 537 Kerr-McGee Corp. 13,981 1,067
Lone Star Technologies, Inc. * 11,647 530 Maverick Tube Corp. * 17,952 535 Newfield Exploration Co. * 13,378 534 Noble Energy, Inc. 7,016 531 Occidental Petroleum Corp. 13,760 1,059 Petroleum Development Corp. * 17,700 564 Remington Oil & Gas Corp. * 15,231 544 St. Mary Land & Exploration Co. 18,616 539 Stone Energy Corp. * 11,007 538 Swift Energy Co. * 14,858 532 Unit Corp. * 12,248 539 Valero Energy Corp. 13,480 1,066 ------ 11,243 ------ FINANCIALS (19.5%) Allstate Corp. (The) 11,511 688 American Financial Group, Inc. 30,629 1,026 Bank of America Corp. 15,015 685 Chubb Corp. (The) 7,977 683 CIT Group, Inc. 16,012 688 Countrywide Financial Corp. 17,717 684 Downey Financial Corp. 13,971 1,023 Fannie Mae 11,765 687 First American Financial Corp. 25,380 1,019 Hartford Financial Services Group, Inc. (The) 9,077 679 IndyMac Bancorp, Inc. 25,293 1,029 Jefferson-Pilot Corp. 13,506 681 LandAmerica Financial Group, Inc. 17,409 1,033 Lehman Brothers Holdings, Inc. 6,914 686 Loews Corp. 8,862 687 MetLife, Inc. * 15,127 680 MGIC Investment Corp. 10,605 692 Ohio Casualty Corp. 41,959 1,015 Philadelphia Consolidated Holding 12,022 1,019 Corp. * Providian Financial Corp. * 38,943 687 Prudential Financial, Inc. 10,475 688 Safeco Corp. 12,559 682 Selective Insurance Group, Inc. 20,640 1,023 SWS Group, Inc. 55,800 959 UICI 34,303 1,021 Unitrin, Inc. 16,267 799 ------ 21,243 ------ HEALTH CARE (10.3%) Allergan, Inc. 7,322 624 Amgen, Inc. * 10,287 622 C.R. Bard, Inc. 9,471 630 Cooper Cos., Inc. (The) 9,231 562 Coventry Health Care, Inc. * 7,879 557 HCA, Inc. 10,915 619 Invitrogen Corp. * 6,706 559 Johnson & Johnson 9,544 620 Mentor Corp. 13,423 557 Respironics, Inc. * 15,629 564 St. Jude Medical, Inc. * 14,177 618 Stryker Corp. 13,102 623 SurModics, Inc. * 12,989 563 TECHNE Corp. * 12,304 565 UnitedHealth Group, Inc. 11,752 613 Universal Health Services, Inc. 9,006 560 Varian Medical Systems, Inc. * 15,113 564
Viasys Healthcare, Inc. * 24,881 562 Zimmer Holdings, Inc. * 8,074 615 ------ 11,197 ------ INDUSTRIALS (18.3%) A.O. Smith Corp. 23,780 635 Administaff, Inc. 26,720 635 Barnes Group, Inc. 948 31 Burlington Northern Santa Fe Corp. 20,010 942 CNF, Inc. 14,145 635 CSX Corp. 22,073 942 Cummins, Inc. 12,662 945 Deere & Co. 14,384 942 Educational Management Corp. * 23,768 802 Esterline Technologies Corp. * 15,786 633 Harsco Corp. 11,574 631 J. B. Hunt Transport Services, Inc. 32,668 630 John H. Harland Co. 13,000 494 Kirby Corp. * 14,101 636 Labor Ready, Inc. * 27,061 631 Lockheed Martin Corp. 14,692 953 Mobile Mini, Inc. * 22,284 768 Northrop Grumman Corp. 17,059 943 Old Dominion Freight Line, Inc. * 11,072 297 R.R. Donnelley & Sons Co. 27,626 952 Raytheon Co. 24,196 947 Republic Services, Inc. * 17,645 635 Ryder System, Inc. 25,836 946 Southwest Airlines Co. 68,225 950 Standard Register Co. 19,541 309 Teledyne Technologies, Inc. * 19,509 636 Teleflex, Inc. 8,000 475 Textron, Inc. 12,426 943 ------ 19,918 ------ INFORMATION TECHNOLOGY (12.1%) ADC Telecommunications, Inc. * 18,517 403 Altera Corp. * 20,180 400 Apple Computer, Inc. * 11,149 411 Applied Micro Circuits Corp. * 154,100 394 Cohu, Inc. 16,951 340 CommScope, Inc. * 19,377 337 Comverse Technology, Inc. * 17,022 403 Corning, Inc. * 24,001 399 F5 Networks, Inc. * 7,286 344 Filenet Corp. * 13,403 337 Fiserv, Inc. * 9,411 404 Intel Corp. 15,486 404 Itron, Inc. * 7,669 343 KLA-Tencor Corp. 9,208 402 Kopin Corp. * 67,572 345 Linear Technology Corp. 11,085 407 McAfee, Inc. * 12,933 339 Micrel, Inc. * 29,432 339 MICROS Systems, Inc. * 7,518 336 Microsemi Corp. * 18,003 338 NCR Corp. * 11,515 404 NETGEAR, Inc. * 18,429 343 NVIDIA Corp. * 15,050 402 Oracle Corp. * 30,421 402 Paychex, Inc. 12,453 405 Photronics, Inc. * 15,085 352 Plexus Corp. * 12,000 171
Powerwave Technologies, Inc. * 33,753 345 Progress Software Corp. * 11,363 343 Standard Microsystems Corp. * 14,767 345 Symmetricom, Inc. * 32,628 338 Synaptics, Inc. * 16,001 342 TALX Corp. * 11,830 342 Tellabs, Inc. * 46,335 403 Trimble Navigation Ltd. * 8,760 341 Yahoo!, Inc. * 11,795 409 -------- 13,112 -------- MATERIALS (3.2%) Albemarle Corp. 17,332 632 Eastman Chemical Co. 17,241 951 FMC Corp. * 11,183 628 H.B. Fuller Co. 18,563 632 Lubrizol Corp. (The) 14,908 626 -------- 3,469 -------- TOTAL COMMON STOCKS (COST $100,585) 108,928 -------- REPURCHASE AGREEMENT (0.7%) Merrill Lynch & Co., Inc., 3.255%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $724,638 (collateralized by U.S. Government Agencies; 5.500%, 06/01/35; total market value $743,024) $724,572 725 -------- TOTAL REPURCHASE AGREEMENT (COST $725) 725 -------- TOTAL INVESTMENTS (COST $101,310) (A) - 100.8% 109,653 LIABILITIES IN EXCESS OF OTHER ASSETS - (0.8)% (877) -------- NET ASSETS - 100.0% $108,776 ========
---------- * Non-income producing security. (a) Represents cost for financial reporting purposes. Cost for federal income tax purposes is $101,775 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $8,732 Unrealized Depreciation.................. (854) ------ Unrealized Appreciation (Depreciation)... $7,878 ======
Cl - Class SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS TAX SENSITIVE GROWTH STOCK FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------- COMMON STOCKS (98.4%) CONSUMER DISCRETIONARY (15.5%) Bed Bath & Beyond, Inc. * 26,000 $ 1,086 Chico's FAS, Inc. * 37,000 1,268 eBay, Inc. * 8,000 264 Fortune Brands, Inc. 29,000 2,575 Home Depot, Inc. (The) 68,000 2,646 J. C. Penney Co., Inc. 40,000 2,103 Kohl's Corp. * 39,000 2,180 Liz Claiborne, Inc. (b) 22,000 875 Lowe's Cos., Inc. 18,000 1,048 Marriott International, Inc., Cl A 24,000 1,637 NIKE, Inc., Cl B (b) 12,000 1,039 Staples, Inc. 112,500 2,399 Target Corp. 64,500 3,510 Walt Disney Co. (The) 47,500 1,196 ------- 23,826 ------- CONSUMER STAPLES (7.4%) CVS Corp. 48,000 1,395 PepsiCo, Inc. 71,000 3,828 Procter & Gamble Co. (The) (b) 57,000 3,007 SYSCO Corp. 35,000 1,267 Wal-Mart Stores, Inc. 40,884 1,971 ------- 11,468 ------- ENERGY (8.7%) Anadarko Petroleum Corp. 13,000 1,068 Apache Corp. 66,250 4,280 BP PLC ADR (b) 40,000 2,495 Exxon Mobil Corp. 97,000 5,574 ------- 13,417 ------- FINANCIALS (12.4%) American Express Co. 21,180 1,127 Chubb Corp. (The) 31,500 2,697 Goldman Sachs Group, Inc. (The) 6,000 612 Legg Mason, Inc. (b) 10,000 1,041 Marshall & Ilsley Corp. 88,000 3,912 SLM Corp. (b) 72,000 3,658 U.S. Bancorp 81,000 2,365 Wells Fargo & Co. 59,000 3,633 ------- 19,045 ------- HEALTH CARE (20.7%) Abbott Laboratories 45,000 2,205 Amgen, Inc. * 36,000 2,177 Baxter International, Inc. 61,000 2,263 Becton, Dickinson & Co. 40,000 2,099 Biomet, Inc. 16,000 554 C.R. Bard, Inc. 37,000 2,461 Johnson & Johnson (b) 85,732 5,574
Medtronic, Inc. 46,063 2,386 St. Jude Medical, Inc. * 81,000 3,532 Stryker Corp. 34,000 1,617 UnitedHealth Group, Inc. 86,200 4,494 Wyeth 55,000 2,448 ------- 31,810 ------- INDUSTRIALS (13.5%) Danaher Corp. 66,000 3,454 Emerson Electric Co. 30,000 1,879 General Dynamics Corp. 23,000 2,519 General Electric Co. 184,844 6,405 ITT Industries, Inc. (b) 44,000 4,296 Raytheon Co. 59,000 2,308 ------- 20,861 ------- INFORMATION TECHNOLOGY (17.1%) CheckFree Corp. * (b) 26,000 886 Cisco Systems, Inc. * 60,179 1,150 Dell, Inc. * 72,000 2,845 Hewlett-Packard Co. 46,000 1,081 Intel Corp. 88,086 2,296 Microsoft Corp. 223,056 5,540 NCR Corp. * 38,000 1,335 Nokia Corp. ADR 105,000 1,747 Oracle Corp. * 185,808 2,453 QUALCOMM, Inc. 11,000 363 Scientific-Atlanta, Inc. 64,000 2,129 Texas Instruments, Inc. 85,000 2,386 VeriSign, Inc. * 75,000 2,157 ------- 26,368 ------- MATERIALS (3.1%) Air Products & Chemicals, Inc. 10,000 603 Praxair, Inc. 68,000 3,169 Rohm & Haas Co. 21,000 973 ------- 4,745 ------- TOTAL COMMON STOCKS (COST $119,640) 151,540 ------- WARRANTS (0.0%) INFORMATION TECHNOLOGY (0.0%) Lucent Technologies, Inc. * 22,693 17 ------- TOTAL WARRANTS (COST $0) 17 ------- SHORT-TERM INVESTMENT (10.6%) CSFB Enhanced Liquidity Portfolio (c) 16,377,301 16,377 ------- TOTAL SHORT-TERM INVESTMENT (COST $16,377) 16,377 ------- REPURCHASE AGREEMENT (1.6%) BNP Paribas, 3.305%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $2,537,346 (collateralized by U.S. Government Agencies; 4.875%, 11/15/13; total market value $2,587,865) $ 2,537 2,537 ------- TOTAL REPURCHASE AGREEMENT (COST $2,537) 2,537 ------- TOTAL INVESTMENTS (COST $138,554) (A) - 110.6% 170,471
LIABILITIES IN EXCESS OF OTHER ASSETS - (10.6)% (16,315) -------- NET ASSETS - 100.0% $154,156 ========
---------- * Non-income producing security. (a) Cost for federal income tax purposes is $139,582 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $32,573 Unrealized Depreciation.................. (1,684) ------- Unrealized Appreciation (Depreciation)... $30,889 =======
(b) This security or a partial position of the security was on loan at June 30, 2005. The total value of securities on loan at June 30, 2005 in thousands was $15,857. (c) This security was purchased with cash collateral held from securities lending. ADR - American Depository Receipt Cl - Class SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS VALUE INCOME STOCK FUND Schedule of Portfolio Investments June 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------- COMMON STOCKS (95.1%) CONSUMER DISCRETIONARY (7.6%) Dow Jones & Co., Inc. (b) 424,900 $15,063 Gannett Co., Inc. 240,750 17,125 Leggett & Platt, Inc. 258,356 6,867 Mattel, Inc. 569,150 10,415 Newell Rubbermaid, Inc. 291,918 6,959 Viacom, Inc., Cl B 403,250 12,912 ------- 69,341 ------- CONSUMER STAPLES (9.9%) Archer Daniels Midland Co. 515,750 11,027 Colgate-Palmolive Co. (b) 321,800 16,061 General Mills, Inc. 195,700 9,157 H.J. Heinz Co. 288,200 10,208 Kimberly-Clark Corp. 238,250 14,912 Kraft Foods, Inc., Cl A 375,750 11,953 PepsiCo, Inc. 313,700 16,917 ------- 90,235 ------- ENERGY (8.9%) BP PLC ADR 307,500 19,182 ChevronTexaco Corp. 349,800 19,561 Exxon Mobil Corp. 331,150 19,031 Marathon Oil Corp. 207,500 11,074 Tidewater, Inc. (b) 341,594 13,022 ------- 81,870 ------- FINANCIALS (23.3%) A.G. Edwards, Inc. (b) 159,600 7,206 Astoria Financial Corp. 289,575 8,244 Bank of America Corp. 303,350 13,836 Bank of New York Co., Inc. (The) 492,000 14,161 Bear, Stearns & Co., Inc. 129,150 13,424 Citigroup, Inc. 286,479 13,244 Colonial BancGroup, Inc. (The) 347,050 7,656 Comerica, Inc. 236,427 13,665 Compass Bancshares, Inc. 220,900 9,941 FirstMerit Corp. (b) 318,847 8,325 Huntington Bancshares, Inc. (b) 287,804 6,948 JPMorgan Chase & Co. 270,716 9,562 Merrill Lynch & Co., Inc. (b) 177,300 9,753 Morgan Stanley 183,600 9,633 Nationwide Financial Services, Inc., Cl A 130,568 4,954 Northern Trust Corp. 241,400 11,005 PNC Financial Services Group, Inc. (The) (b) 127,150 6,925 Provident Financial Services, Inc. 415,450 7,299 South Financial Group, Inc. (The) (b) 360,362 10,241 U.S. Bancorp 469,650 13,714 Washington Mutual, Inc. 342,300 13,928 -------
213,664 ------- HEALTH CARE (6.8%) Abbott Laboratories 420,100 20,590 Becton, Dickinson & Co. 143,600 7,535 Johnson & Johnson 105,250 6,841 PerkinElmer, Inc. 380,237 7,186 Wyeth 451,150 20,076 ------- 62,228 ------- INDUSTRIALS (15.5%) 3M Co. 125,000 9,038 Cintas Corp. (b) 249,450 9,629 Dover Corp. (b) 382,650 13,921 Emerson Electric Co. 251,000 15,720 General Electric Co. 512,800 17,769 Honeywell International, Inc. 521,550 19,103 MSC Industrial Direct Co., Inc., Cl A 181,200 6,116 Pall Corp. (b) 350,181 10,631 Parker Hannifin Corp. 75,600 4,688 Pitney Bowes, Inc. 156,098 6,798 R.R. Donnelley & Sons Co. 344,676 11,895 Rockwell Automation, Inc. 193,800 9,440 Ryder System, Inc. 188,500 6,899 ------- 141,647 ------- INFORMATION TECHNOLOGY (4.2%) Automatic Data Processing, Inc. 251,150 10,541 Harris Corp. 219,955 6,865 Intersil Corp., Cl A (b) 367,126 6,891 Nokia Corp. ADR 410,050 6,823 Tektronix, Inc. 306,100 7,123 ------- 38,243 ------- MATERIALS (8.1%) Alcoa, Inc. 504,300 13,177 Bemis Co., Inc. (b) 251,800 6,683 Cytec Industries, Inc. 173,700 6,913 Domtar, Inc. 742,858 5,490 E.I. du Pont de Nemours & Co. 349,000 15,010 International Paper Co. 407,350 12,306 Sappi Ltd. ADR 675,835 7,313 Valspar Corp. (The) 144,500 6,978 ------- 73,870 ------- TELECOMMUNICATION SERVICES (7.2%) BellSouth Corp. (b) 740,800 19,683 SBC Communications, Inc. 777,800 18,473 Sprint Corp. (b) 355,500 8,919 Verizon Communications, Inc. 535,460 18,500 ------- 65,575 ------- UTILITIES (3.6%) Cinergy Corp. (b) 169,290 7,588 National Fuel Gas Co. 81,488 2,356 NiSource, Inc. (b) 210,150 5,197 Pepco Holdings, Inc. 213,088 5,101 Southern Co. (b) 214,400 7,433 Xcel Energy, Inc. 266,880 5,209 ------- 32,884 ------- TOTAL COMMON STOCKS (COST $810,779) 869,557 ------- SHORT-TERM INVESTMENT (8.7%) CSFB Enhanced Liquidity Portfolio (c) 79,704,975 79,705 -------
TOTAL SHORT-TERM INVESTMENT (COST $79,705) 79,705 -------- REPURCHASE AGREEMENT (2.5%) Merrill Lynch & Co., Inc., 3.255%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $23,202,230 (collateralized by U.S. Government Agencies, 5.500%-6.000%, due 05/01/35-06/01/35; total market value $23,669,126) $23,200 23,200 -------- TOTAL REPURCHASE AGREEMENT (COST $23,200) 23,200 -------- TOTAL INVESTMENTS (COST $913,684) (A) - 106.3% 972,462 LIABILITIES IN EXCESS OF OTHER ASSETS - (6.3)% (57,270) -------- NET ASSETS - 100.0% $915,192 ========
---------- (a) Cost for federal income tax purposes is $914,488 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $ 80,642 Unrealized Depreciation.................. (22,668) -------- Unrealized Appreciation (Depreciation)... $ 57,974 ========
(b) This security or a partial position of the security was on loan at June 30, 2005. The total value of securities on loan at June 30, 2005 in thousands was $77,307. (c) This security was purchased with cash collateral held from securities lending. ADR - American Depository Receipt Cl - Class SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. 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 June 30, 2005: the Aggressive Growth Stock Fund, the Balanced Fund, the Capital Appreciation Fund, the Classic Institutional Cash Management Money Market Fund, the Classic Institutional Core Bond Fund, the Classic Institutional High Quality Bond Fund, the Classic Institutional Intermediate Bond Fund, the Classic Institutional Limited Duration 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 U.S. Government Securities Money Market Fund, the Classic Institutional U.S. Government Securities Super Short Income Plus Fund, the Classic Institutional U.S. Treasury Securities Money Market Fund,the Emerging Growth Stock Fund, the Florida Tax-Exempt Bond Fund, the Georgia Tax-Exempt Bond Fund, the Growth and Income Fund, the High Income Fund, the International Equity Fund, the International Equity Index Fund, the Investment Grade Bond Fund, the Investment Grade Tax-Exempt 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 Limited-Term Federal Mortgage Securities Fund, the Maryland Municipal Bond Fund, the Mid-Cap Equity Fund, the Mid-Cap Value Equity Fund, the Prime Quality Money Market Fund, the Seix Institutional High Yield Fund, the Short-Term Bond Fund, the Short-Term U.S. Treasury Securities Fund, the Small Cap Growth Stock Fund, the Small Cap Value Equity Fund, the Strategic Income Fund, the Strategic Quantitative Equity Fund, the Tax-Exempt Money Market Fund, the Tax Sensitive Growth Stock Fund, the U.S. Government Securities Fund, the U.S. Government Securities Money Market Fund, the U.S. Treasury Money Market Fund, the Value Income Stock Fund, the Virginia Intermediate Municipal Bond Fund, the Virginia Municipal Bond Fund, and the Virginia Tax-Free Money Market Fund (each a "Fund" and collectively the "Funds"). 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, North Carolina Tax-Exempt 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, Federal Home Loan Bank and Federal National Mortgage Association) are neither issued nor guaranteed by the U.S. Government. If needed, access to additional funding from 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 331/3% 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 CSFB Enhanced Liquidity 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 June 30, 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 07/01/05 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/ David Hughes ---------------------------------------------- David Hughes, Treasurer, STI Classic Funds Date August 25, 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 August 25, 2005 By (Signature and Title)* /s/ David Hughes ---------------------------------------------- David Hughes, Treasurer, STI Classic Funds Date August 25, 2005 * Print the name and title of each signing officer under his or her signature.