N-Q 1 l18729anvq.txt STI CLASSIC FUNDS 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: 12/31/05 Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (Sections 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles. A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. Section 3507. ITEM 1. SCHEDULE OF INVESTMENTS. File the schedules as of the close of the reporting period as set forth in Sections 210.12-12 - 12-14 of Regulation S-X [17 CFR 210.12-12 - 12-14]. The schedules need not be audited. STI CLASSIC EQUITY FUNDS AGGRESSIVE GROWTH STOCK FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------- COMMON STOCKS (98.4%) CONSUMER DISCRETIONARY (19.9%) Best Buy Co., Inc. 80,300 $ 3,491 Blue Nile, Inc. * 43,600 1,758 Coach, Inc. * 85,400 2,847 eBay, Inc. * 149,600 6,470 Garmin Ltd. 4,254 282 Getty Images, Inc. * 32,102 2,866 IAC/ Interactive Corp. * 45,550 1,290 Monster Worldwide, Inc. * 56,502 2,306 Omnicom Group, Inc. 20,800 1,771 Urban Outfitters, Inc. * 62,800 1,589 Walt Disney Co. (The) 108,200 2,594 ------- 27,264 ------- CONSUMER STAPLES (3.3%) Whole Foods Market, Inc. 57,900 4,481 ------- FINANCIALS (10.9%) BlackRock, Inc., Cl A 22,700 2,462 Calamos Asset Management, Inc., Cl A 51,000 1,604 Capital One Financial Corp. 31,600 2,730 Euronet Worldwide, Inc. * 53,700 1,493 Fiserv, Inc. * 6,081 263 Greenhill & Co., Inc. 15,300 859 Legg Mason, Inc. 23,100 2,766 Portfolio Recovery Associates, Inc. * 31,900 1,481 SLM Corp. 22,500 1,240 ------- 14,898 ------- HEALTH CARE (16.7%) Alcon, Inc. 20,300 2,631 Biosite, Inc. * 14,000 788 Celgene Corp. * 22,900 1,484 Foxhollow Technologies, Inc. * 30,400 906 Gen-Probe, Inc. * 14,100 688 Genentech, Inc. * 29,341 2,714 Gilead Sciences, Inc. * 105,600 5,558 IDEXX Laboratories, Inc. * 14,800 1,065 Johnson & Johnson 31,900 1,917 Kyphon, Inc. * 25,500 1,041 Laboratory Corp. of America Holdings * 1,472 79 Psychiatric Solutions, Inc. * 39,000 2,291 Varian Medical Systems, Inc. * 32,200 1,621 ------- 22,783 ------- INFORMATION TECHNOLOGY (37.7%) Alliance Data Systems Corp. * 66,400 2,364
Apple Computer, Inc. * 92,500 6,650 aQuantive, Inc. * 94,500 2,385 Broadcom Corp., Cl A * 66,100 3,117 CheckFree Corp. * 4,869 223 Cisco Systems, Inc. * 19,225 329 CNET Networks, Inc. * 141,400 2,077 Cognizant Technology Solutions Corp., Cl A * 129,400 6,515 Dell, Inc. * 43,100 1,293 F5 Networks, Inc. * 31,300 1,790 First Data Corp. 3,382 145 Google, Inc. * 7,000 2,904 Intel Corp. 53,500 1,335 International Business Machines Corp. 4,252 350 Juniper Networks, Inc. * 27,300 609 Microsoft Corp. 29,054 760 Paychex, Inc. 67,600 2,577 QUALCOMM, Inc. 152,000 6,548 SRA International, Inc., Cl A * 109,000 3,329 Yahoo!, Inc. * 164,300 6,437 -------- 51,737 -------- RESTAURANTS (4.8%) Starbucks Corp. * 217,600 6,530 -------- SOFTWARE (0.6%) Adobe Systems, Inc. 22,000 813 -------- TELECOMMUNICATION SERVICES (4.5%) NII Holdings, Inc. * 89,900 3,927 Sprint Corp. 92,681 2,165 -------- 6,092 -------- TOTAL COMMON STOCKS (COST $115,753) 134,598 -------- DEPOSITARY RECEIPTS (0.2%) Nasdaq-100 Trust, Ser 1 7,609 308 -------- TOTAL DEPOSITARY RECEIPTS (COST $279) 308 -------- REPURCHASE AGREEMENT (3.9%) Merrill Lynch & Co., Inc., 4.105%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $5,298,570 (collateralized by U.S. Government Agencies, 5.000%, 10/01/25; total market value $5,406,497) 5,296 5,296 -------- TOTAL REPURCHASE AGREEMENT (COST $5,296) 5,296 -------- TOTAL INVESTMENTS (COST $121,328) (A) - 102.5% 140,202 LIABILITIES IN EXCESS OF OTHER ASSETS - (2.5)% (3,374) -------- NET ASSETS - 100.0% $136,828 ========
---------- * Non-income producing security. (a) Cost for federal income tax purposes is $121,600 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $21,165 Unrealized Depreciation.................. (2,563) -------
Unrealized Appreciation (Depreciation)... $18,602 =======
Cl - Class Ser - Series SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS CAPITAL APPRECIATION FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- -------- COMMON STOCKS (99.4%) CONSUMER DISCRETIONARY (15.3%) Advance Auto Parts, Inc. * (b) 444,400 $ 19,314 Bed Bath & Beyond, Inc. * 575,000 20,786 Harley-Davidson, Inc. (b) 529,700 27,274 Home Depot, Inc. (The) (b) 662,900 26,834 Kohl's Corp. * (b) 208,200 10,119 Lowe's Cos., Inc. (b) 487,000 32,463 Marriott International, Inc., Cl A (b) 115,000 7,702 NIKE, Inc., Cl B (b) 175,400 15,223 Omnicom Group, Inc. 188,000 16,004 Time Warner, Inc. (b) 1,650,000 28,776 Univision Communications, Inc., Cl A * (b) 398,500 11,712 Walt Disney Co. (The) 540,800 12,963 -------- 229,170 -------- CONSUMER STAPLES (3.7%) Colgate-Palmolive Co. 240,800 13,208 Estee Lauder Cos., Inc. (The), Cl A 337,500 11,300 Wal-Mart Stores, Inc. 349,600 16,361 Walgreen Co. (b) 323,300 14,309 -------- 55,178 -------- ENERGY (3.9%) Anadarko Petroleum Corp. (b) 169,000 16,013 Exxon Mobil Corp. 750,000 42,127 -------- 58,140 -------- FINANCIALS (15.2%) American Express Co. 664,000 34,169 American International Group, Inc. 140,000 9,552 Chubb Corp. (The) (b) 455,000 44,431 Goldman Sachs Group, Inc. (The) (b) 145,000 18,518 JPMorgan Chase & Co. 809,000 32,109 MGIC Investment Corp. 500,000 32,910 SLM Corp. (b) 301,900 16,632 Washington Mutual, Inc. (b) 429,300 18,675 Wells Fargo & Co. 321,200 20,181 -------- 227,177 -------- HEALTH CARE (12.3%) Amgen, Inc. * (b) 324,000 25,551 Baxter International, Inc. 1,178,500 44,371 Becton, Dickinson & Co. 548,800 32,972 Health Management Associates, Inc., Cl A 748,000 16,426 Johnson & Johnson 263,900 15,860 Quest Diagnostics, Inc. (b) 300,000 15,444 Schering-Plough Corp. 1,112,600 23,198 Tenet Healthcare Corp. * (b) 1,277,600 9,786 -------- 183,608 --------
INDUSTRIALS (19.6%) 3M Co. 194,000 15,035 Cintas Corp. (b) 180,300 7,425 Danaher Corp. 417,000 23,260 Emerson Electric Co. 366,000 27,340 Fastenal Co. (b) 584,000 22,887 General Electric Co. 953,200 33,410 Honeywell International, Inc. 975,000 36,319 Illinois Tool Works, Inc. 170,200 14,976 Lockheed Martin Corp. (b) 222,300 14,145 Raytheon Co. 928,200 37,266 Southwest Airlines Co. (b) 906,500 14,894 Union Pacific Corp. (b) 324,800 26,150 United Parcel Service, Inc., Cl B (b) 278,600 20,937 --------- 294,044 --------- INFORMATION TECHNOLOGY (27.2%) Affiliated Computer Services, Inc., Cl A * (b) 342,000 20,240 Amdocs Ltd. * 486,500 13,379 Automatic Data Processing, Inc. 669,900 30,742 CDW Corp. 196,000 11,284 CheckFree Corp. * (b) 975,000 44,752 Cisco Systems, Inc. * 634,000 10,854 Electronic Data Systems Corp. (b) 540,500 12,994 EMC Corp. * 1,328,500 18,094 First Data Corp. 307,500 13,226 LSI Logic Corp. * (b) 1,586,000 12,688 Maxim Integrated Products, Inc. 668,000 24,208 Microsoft Corp. 1,844,000 48,220 NCR Corp. * 390,600 13,257 Nokia Corp. ADR (b) 2,175,000 39,802 Oracle Corp. * 2,009,000 24,530 Paychex, Inc. 897,800 34,224 Texas Instruments, Inc. (b) 469,200 15,047 VeriSign, Inc. * (b) 909,500 19,936 --------- 407,477 --------- MATERIALS (1.1%) Rohm & Haas Co. (b) 350,000 16,947 --------- TELECOMMUNICATION SERVICES (1.1%) AT&T, Inc. (b) 650,000 15,919 --------- TOTAL COMMON STOCKS (COST $1,349,932) 1,487,660 --------- SHORT-TERM INVESTMENT (24.9%) CSFB Enhanced Liquidity Portfolio (c) 373,369,192 373,369 --------- TOTAL SHORT-TERM INVESTMENT (COST $373,369) 373,369 --------- REPURCHASE AGREEMENTS (0.6%) CASH & EQUIVALENTS (0.6%) Bear Stearns & Co., Inc., 4.205%, dated 12/30/05, to be repurchased on 01/03/06, repurchased price $8,314,822 (collateralized by U.S. Government Agencies, DN, due 01/01/23-06/01/35; total market value $8,477,301) 8,311 8,311 --------- TOTAL REPURCHASE AGREEMENTS (COST $8,311) 8,311 ---------
TOTAL INVESTMENTS (COST $1,731,612) (A) - 124.9% 1,869,340 LIABILITIES IN EXCESS OF OTHER ASSETS - (24.9)% (372,582) ---------- NET ASSETS - 100.0% $1,496,758 ==========
---------- * Non-income producing security. (a) Cost for federal income tax purposes is $1,730,069 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $177,887 Unrealized Depreciation.................. (38,617) -------- Unrealized Appreciation (Depreciation)... $139,270 ========
(b) This security or a partial position of the security was on loan at December 31, 2005. The total value of securities on loan at December 31, 2005 in thousands was $361,556. (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 December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- -------- COMMON STOCKS (99.2%) CONSUMER DISCRETIONARY (13.6%) Blue Nile, Inc. * 22,000 $ 887 Getty Images, Inc. * 7,300 652 HouseValues, Inc. * 27,500 358 LIFE TIME FITNESS, Inc. * 19,500 743 Martha Stewart Living Omnimedia, Inc., Cl A * 36,400 634 Polo Ralph Lauren Corp. 10,200 573 Stamps.com, Inc. * 15,700 360 Under Armour, Inc., Cl A * 7,200 276 Urban Outfitters, Inc. * 14,700 372 Volcom, Inc. * 5,700 194 XM Satellite Radio Holdings, Inc., Cl A * 7,000 191 ------ 5,240 ------ CONSUMER STAPLES (3.3%) Whole Foods Market, Inc. 16,500 1,277 ------ FINANCIALS (17.8%) BlackRock, Inc., Cl A 10,900 1,182 Calamos Asset Management, Inc., Cl A 37,900 1,192 Euronet Worldwide, Inc. * 45,500 1,265 Greenhill & Co., Inc. 11,300 635 Legg Mason, Inc. 9,200 1,101 Portfolio Recovery Associates, Inc. * 30,600 1,421 ------ 6,796 ------ HEALTH CARE (17.2%) Celgene Corp. * 12,500 810 Foxhollow Technologies, Inc. * 17,000 506 Gen-Probe, Inc. * 15,200 742 IDEXX Laboratories, Inc. * 5,500 396 Kyphon, Inc. * 14,900 608 Neurocrine Biosciences, Inc. * 8,600 539 Psychiatric Solutions, Inc. * 21,600 1,269 Varian Medical Systems, Inc. * 22,700 1,143 Ventana Medical Systems, Inc. * 14,100 597 ------ 6,610 ------ INDUSTRIALS (8.2%) AirTran Holdings, Inc. * 100,700 1,615 Corporate Executive Board Co. (The) 9,100 816 Joy Global, Inc. 12,800 512 Mobile Mini, Inc. * 4,200 199 ------ 3,142 ------ INFORMATION TECHNOLOGY (28.6%) Alliance Data Systems Corp. * 9,400 335 aQuantive, Inc. * 61,100 1,542 Broadcom Corp., Cl A * 16,600 783
CNET Networks, Inc. * 25,900 380 Cognizant Technology Solutions Corp., Cl A * 28,300 1,425 F5 Networks, Inc. * 27,200 1,555 iVillage, Inc. * 55,300 444 Marchex, Inc., Cl B * 8,700 196 Novatel Wireless, Inc. * 59,400 719 SiRF Technology Holdings, Inc. * 16,000 477 SRA International, Inc., Cl A * 46,500 1,420 ViaSat, Inc. * 36,700 981 WebSideStory, Inc. * 38,800 703 ------- 10,960 ------- MATERIALS (1.4%) Symyx Technologies, Inc. * 20,100 549 ------- TELECOMMUNICATION SERVICES (9.1%) American Tower Corp., Cl A * 17,100 463 Crown Castle International Corp. * 13,600 366 NeuStar, Inc., Cl A * 6,400 195 NII Holdings, Inc. * 36,700 1,603 Time Warner Telecom, Inc., Cl A * 61,500 606 UbiquiTel, Inc. * 27,800 275 ------- 3,508 ------- TOTAL COMMON STOCKS (COST $31,454) 38,082 ------- REPURCHASE AGREEMENT (4.0%) Merrill Lynch & Co., Inc., 4.105%, dated 12/30/2005, to be repurchased on 01/03/06, repurchase price $1,547,615 (collateralized by U.S. Government Agencies, 5.000%, due 10/01/25, total market value $1,579,536) 1,547 1,547 ------- TOTAL REPURCHASE AGREEMENT (COST $1,547) 1,547 ------- TOTAL INVESTMENTS (COST $33,001) (A) - 103.2% 39,629 LIABILITIES IN EXCESS OF OTHER ASSETS - (3.2)% (1,231) ------- NET ASSETS - 100.0% $38,398 =======
---------- * Non-income producing security. (a) Cost for federal income tax purposes is $33,077 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $7,347 Unrealized Depreciation.................. (795) ------ Unrealized Appreciation (Depreciation)... $6,552 ======
Cl - Class SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS INTERNATIONAL EQUITY FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES VALUE --------- ------- FOREIGN COMMON STOCKS (95.9%) AUSTRALIA (4.0%) Australia & New Zealand Banking Group Ltd. 257,770 $ 4,525 BlueScope Steel Ltd. 489,556 2,501 Downer EDI Ltd. 281,177 1,480 Investa Property Group 1,668,080 2,427 Promina Group Ltd. 945,134 3,353 Qantas Airways Ltd. 1,027,766 3,043 Rio Tinto Group Ltd. (b) 104,612 5,289 St. George Bank Ltd. 172,846 3,757 Westpac Banking Corp. 264,491 4,410 ------- 30,785 ------- BELGIUM (0.5%) Fortis 28,843 920 Fortis SA 88,829 2,828 ------- 3,748 ------- DENMARK (0.8%) Danske Bank A/S 121,486 4,281 TDC A/S 33,506 2,007 ------- 6,288 ------- FINLAND (1.9%) Fortum Corp. 185,868 3,485 Nokia Corp., Cl A 492,324 9,004 Tietoenator Oyj 49,684 1,814 ------- 14,303 ------- FRANCE (10.2%) Atos Origin SA * 39,245 2,585 AXA (b) 236,070 7,617 BNP Paribas 105,028 8,497 Bouygues SA 44,756 2,188 Compagnie de Saint-Gobain (b) 51,804 3,081 France Telecom SA 211,494 5,255 Lafarge SA (b) 50,083 4,506 Pernod Ricard 15,473 2,700 PSA Peugeot Citroen SA (b) 32,030 1,846 Sanofi-Aventis 57,563 5,042 Schneider Electric SA (b) 41,918 3,739 Societe Generale (b) 52,570 6,465 SUEZ SA (b) 165,704 5,159 TOTAL SA (b) 32,210 8,091 VINCI SA (b) 59,038 5,077 Vivendi Universal SA (b) 207,703 6,505 ------- 78,353 ------- GERMANY (7.4%) Adidas-Salomon AG 22,322 4,237 Allianz AG 46,523 7,046 BASF AG 80,724 6,185 Bayer AG 35,308 1,472 Continental AG (b) 49,792 4,415 DaimlerChrysler AG 48,000 2,448
Deutsche Bank AG 47,189 4,579 Deutsche Post AG 62,763 1,524 Deutsche Telekom AG 214,039 3,562 E.ON AG 70,140 7,262 MAN AG 67,030 3,577 METRO AG 20,459 988 SAP AG 16,362 2,967 Schering AG 64,988 4,350 Siemens AG (b) 22,523 1,929 ------ 56,541 ------ HONG KONG (1.9%) Cheung Kong (Holdings) Ltd. 337,195 3,460 China Mobile Ltd. 578,000 2,736 China Resources Power Holdings Co. Ltd. 1,698,000 958 CNOOC Ltd. 3,291,538 2,229 Hutchison Whampoa Ltd. 268,019 2,553 Prosperity REIT * 10,537 3 Wing Hang Bank Ltd. 325,000 2,339 ------ 14,278 ------ IRELAND (0.7%) Anglo Irish Bank Corp. PLC 69,935 1,061 CRH PLC 147,602 4,342 ------ 5,403 ------ ITALY (1.9%) Banca Intesa SpA 914,573 4,845 Eni SpA (b) 242,259 6,719 Mediaset SpA 65,549 694 UniCredito Italiano SpA 313,251 2,158 ------ 14,416 ------ JAPAN (24.4%) AEON Co. Ltd. 113,800 2,895 Aisin Seiki Co. Ltd. 71,500 2,625 Amano Corp. 87,600 1,671 Astellas Pharma, Inc. 67,800 2,645 Canon, Inc. (b) 81,600 4,775 Central Japan Railway Co. 341 3,268 Daicel Chemical Industries Ltd. 574,000 4,128 Daiichi Sankyo Co. Ltd. * 56,200 1,084 Daiwa Securities Group, Inc. 321,000 3,640 East Japan Railway Co. 331 2,276 Electric Power Development Co. Ltd. 89,600 3,077 FANCL Corp. 42,600 2,280 FANUC Ltd. 25,300 2,148 Fujikura Ltd. 283,000 2,294 Fujitsu Ltd. 465,000 3,541 Hitachi Chemical Co. Ltd. 88,800 2,350 Honda Motor Co. Ltd. 61,500 3,510 Ibiden Co. Ltd. 52,200 2,798 ITOCHU Corp. 358,000 2,987 Japan Tobacco, Inc. 116 1,692 KDDI Corp. 372 2,145 Keisei Electric Railway Co. Ltd. 199,000 1,359 Komatsu Ltd. 210,000 3,474 Kubota Corp. 223,000 1,874 Makita Corp. 60,000 1,476 Matsushita Electric Industrial Co. Ltd. 271,000 5,228 Mazda Motor Corp. 578,000 2,647 Mitsubishi Corp. 217,400 4,812 Mitsubishi Electric Corp. 445,000 3,151
Mitsubishi Tokyo Financial Group, Inc. 570 7,734 Mitsui Fudosan Co. Ltd. 88,000 1,787 Mitsui O.S.K. Lines Ltd. 370,000 3,229 Mitsui Sumitomo Insurance Co. Ltd. 237,000 2,900 Mitsui Trust Holdings, Inc. 242,000 2,906 Mizuho Financial Group, Inc. 996 7,906 Morinaga & Co. Ltd. 473,000 1,476 Namco Bandai Holdings, Inc. * 67,750 991 Nidec Corp. 13,800 1,174 Nikko Cordial Corp. 168,300 2,666 Nippon Steel Corp. 567,000 2,020 Nippon Telegraph & Telephone Corp. 670 3,045 Nomura Research Institute Ltd. 14,500 1,777 NSK Ltd. 379,000 2,591 Okinawa Electric Power Co., Inc. (The) 37,800 2,087 ORIX Corp. 19,200 4,893 Resona Holdings, Inc. * 385 1,551 Ricoh Co. Ltd. 102,000 1,786 Ryohin Keikaku Co. Ltd. 22,300 1,946 Sankyo Co. Ltd. 35,100 2,033 Sanyo Shinpan Finance Co. Ltd. 32,970 2,365 Sega Sammy Holdings, Inc. 60,700 2,033 Shin-Etsu Chemical Co. Ltd. 44,700 2,377 Sompo Japan Insurance, Inc. 101,000 1,366 Sumitomo Corp. 255,000 3,298 Sumitomo Electric Industries Ltd. 96,500 1,466 Sumitomo Metal Industries Ltd. 958,000 3,688 Sumitomo Mitsui Financial Group, Inc. 376 3,986 Takeda Pharmaceutical Co. Ltd. 103,300 5,589 Tokyo Ohka Kogyo Co. Ltd. 79,600 2,295 Toyoda Machine Works Ltd. (d) 98,000 1,386 Toyota Motor Corp. 215,900 11,204 Trans Cosmos, Inc. 20,700 1,603 Tsubakimoto Chain Co. 109,000 758 Yamada Denki Co. Ltd. 26,100 3,267 Yamaha Motor Co. Ltd. 94,200 2,460 Yamatake Corp. 31,800 732 ------- 188,221 ------- NETHERLANDS (3.9%) ABN AMRO Holding NV 247,125 6,462 Akzo Nobel NV 80,429 3,727 ING Groep NV 224,601 7,789 Royal KPN NV 470,451 4,717 Royal Philips Electronics NV 230,207 7,153 ------- 29,848 ------- NEW ZEALAND (0.7%) Fletcher Building Ltd. 713,466 3,677 Warehouse Group Ltd. (The) 606,500 1,470 ------- 5,147 ------- NORWAY (1.9%) DNB NOR ASA 106,200 1,134 Norsk Hydro ASA 17,520 1,800 Orkla ASA 124,943 5,178 Statoil ASA 143,791 3,305 Telenor ASA 285,378 2,803 ------- 14,220 -------
PORTUGAL (0.3%) Energias de Portugal SA 741,313 2,281 ------ SINGAPORE (0.8%) Jurong Technologies Industrial Corp. Ltd. 1,449,000 1,578 SembCorp Industries Ltd. 1,045,000 1,723 United Overseas Bank Ltd. 341,354 2,998 ------ 6,299 ------ SPAIN (2.5%) Banco Santander Central Hispano SA 522,591 6,897 Endesa SA (b) 58,979 1,551 Repsol YPF SA (b) 176,080 5,142 Telefonica SA 256,957 3,866 Union Fenosa SA (b) 42,811 1,593 ------ 19,049 ------ SWEDEN (2.6%) Autoliv, Inc. 31,519 1,425 Nordea Bank AB 357,228 3,712 Sandvik AB 61,414 2,862 Svenska Handelsbanken AB, Cl A 98,840 2,453 Telefonaktiebolaget LM Ericsson 1,895,535 6,519 Volvo AB, Cl B 63,172 2,980 ------ 19,951 ------ SWITZERLAND (6.4%) Credit Suisse Group 168,554 8,597 Nestle SA 34,137 10,213 Novartis AG 217,124 11,414 Roche Holding Ltd. 43,851 6,586 UBS AG 64,587 6,151 Zurich Financial Services 29,211 6,226 ------ 49,187 ------ UNITED KINGDOM (23.1%) Alliance UniChem PLC 227,822 3,137 Anglo American PLC 201,879 6,872 Anglo Irish Bank Corp. PLC 150,969 2,293 AstraZeneca PLC 204,778 9,965 Aviva PLC 483,024 5,858 AWG PLC 203,241 3,828 Balfour Beatty PLC 500,013 3,062 BHP Billiton PLC 397,367 6,490 BP PLC 1,676,717 17,852 Bradford & Bingley PLC 402,396 2,841 British Airways PLC * 728,453 4,185 British American Tobacco PLC 281,619 6,297 British Energy Group PLC * 479,586 4,273 BT Group PLC 799,629 3,064 CRH PLC 8,518 250 First Choice Holidays PLC 1,119,188 4,813 George Wimpey PLC 325,525 2,688 GlaxoSmithKline PLC 376,444 9,512 HBOS PLC 525,614 8,978 HSBC Holdings PLC 917,825 14,730 Old Mutual PLC 862,873 2,445 Pilkington PLC 617,193 1,582 Royal & Sun Alliance Insurance Group PLC 978,340 2,116 Royal Bank of Scotland Group PLC (The) 383,393 11,574 Royal Dutch Shell PLC, Cl A 424,158 12,921 Royal Dutch Shell PLC, Cl B 114,996 3,675 SABMiller PLC 136,041 2,483
Tesco PLC 925,148 5,275 Vodafone Group PLC 6,089,515 13,146 WH Smith PLC 207,500 1,551 -------- 177,756 -------- TOTAL FOREIGN COMMON STOCKS (COST $579,621) 736,074 -------- EXCHANGE TRADED FUNDS (0.7%) iShares MSCI Emerging Markets Index Fund (b) 63,789 5,629 -------- TOTAL EXCHANGE TRADED FUNDS (COST $5,247) 5,629 -------- SHORT-TERM INVESTMENTS (11.6%) Brown Brothers Harriman & Co., 6,000,994 6,001 Cayman Islands Cash Sweep CSFB Enhanced Liquidity Portfolio (c) 83,070,545 83,071 -------- TOTAL SHORT-TERM INVESTMENTS (COST $89,072) 89,072 -------- TOTAL INVESTMENTS (COST $673,940) (A) - 108.2% 830,775 LIABILITIES IN EXCESS OF OTHER ASSETS - (8.2)% (63,201) -------- NET ASSETS - 100.0% $767,574 ========
---------- * Non-income producing security. (a) Cost for federal income tax purposes is $675,511 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $157,037 Unrealized Depreciation.................. (1,772) -------- Unrealized Appreciation (Depreciation)... $155,265 ========
(b) This security or a partial position of the security was on loan at December 31, 2005. The total value of securities on loan at December 31, 2005 in thousands was $80,463. (c) This security was purchased with cash collateral held from securities lending. (d) Fair Valued at December 31, 2005 according to procedures approved by the Board of Trustees. Cl - Class PLC - Public Limited Company REIT - Real Estate Investment Trust SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. The investment concentrations for the International Equity Fund as a percentage of net assets, by industry, as of December 31, 2005, were as follows (unaudited): Consumer Discretionary 10.2% Consumer Staples 5.4 Energy 8.8 Financials 28.9 Health Care 7.7 Industrials 10.9 Information Technology 5.5 Materials 8.1 Short-Term Investments 12.3 Telecommunication Services 6.3 Utilities 4.1
STI CLASSIC EQUITY FUNDS INTERNATIONAL EQUITY INDEX FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES VALUE ------- ------- FOREIGN COMMON STOCKS (91.3%) AUSTRALIA (3.0%) Alumina Ltd. 55,476 $ 302 Amcor Ltd. 36,803 201 AMP Ltd. 81,389 459 Australia & New Zealand Banking Group Ltd. 81,041 1,423 Australian Gas Light Co. 21,986 277 BHP Billiton Ltd. 167,193 2,787 BlueScope Steel Ltd. 34,394 176 Boral Ltd. 34,145 203 Brambles Industries Ltd. 50,627 375 Coca-Cola Amatil Ltd. 25,059 142 Coles Myer Ltd. 51,544 386 Commonwealth Bank of Australia 53,637 1,680 CSL Ltd. 10,588 330 CSR Ltd. 44,150 113 Foster's Group Ltd. 86,769 355 Insurance Australia Group Ltd. 73,842 293 John Fairfax Holdings Ltd. 44,393 130 Lend Lease Corp. Ltd. 17,278 183 Macquarie Bank Ltd. 10,771 538 Macquarie Infrastructure Group 118,170 308 Mayne Group Ltd. 31,020 80 Mayne Pharma Ltd. * 31,020 58 Mirvac Group Ltd. 40,738 123 National Australia Bank Ltd. 66,813 1,587 Newcrest Mining Ltd. 16,328 291 Orica Ltd. 16,409 245 Origin Energy Ltd. 37,917 209 QBE Insurance Group Ltd. 34,239 492 Rinker Group Ltd. 43,759 528 Rio Tinto Group Ltd. (b) 14,025 709 Santos Ltd. 28,200 253 Stockland Trust Group 72,455 345 Suncorp-Metway Ltd. 26,098 384 TABCORP Holdings Ltd. 25,060 286 Telstra Corp. Ltd. 86,354 249 Wesfarmers Ltd. 17,970 487 Westfield Group 64,870 863 Westpac Banking Corp. 79,768 1,330 Woodside Petroleum Ltd. 24,647 708 Woolworths Ltd. 51,202 632 ------- 20,520 ------- AUSTRIA (1.7%) Bank Austria AG 8,851 985 BOHLER-UDDEHOLM AG 3,226 546 Erste Bank der oesterreichischen Sparkassen AG 30,765 1,713 Flughafen Wien AG 2,954 212 Immofinanz Immobilien Anlagen AG * 102,993 989 Mayr Melnhof Karton AG 726 101
Meinl European Land Ltd. * 22,989 406 OMV AG 40,820 2,392 RHI AG * 6,010 162 Telekom Austria AG 84,794 1,907 Verbund AG 2,038 727 voestalpine AG 5,828 587 Wienerberger AG 18,027 721 ------ 11,448 ------ BELGIUM (1.6%) Agfa-Gevaert NV 10,123 185 Barco NV 1,720 129 Belgacom SA 13,689 446 Delhaize Group 6,222 407 Dexia Group 47,620 1,098 Electrabel SA 2,211 999 Fortis 96,531 3,080 Groep Colruyt 1,683 232 Groupe Bruxelles Lambert SA 6,518 639 InBev 14,921 649 KBC Bank & Insurance Holding Co. NV 15,160 1,412 Mobistar SA 2,829 224 NV Bekaert SA 2,200 206 NV Umicore SA 2,529 298 Omega Pharma NV 2,326 121 SA D'Ieteren NV 289 80 Solvay SA 5,211 574 UCB SA 7,986 375 ------ 11,154 ------ DENMARK (1.3%) A.P. Moller-Maersk A/S 128 1,325 Carlsberg A/S 3,550 190 Coloplast A/S, Cl B (b) 3,944 245 Danisco A/S 5,509 422 Danske Bank A/S 43,368 1,528 DSV A/S 3,150 389 East Asiatic Co. A/S 3,025 285 FLS Industries A/S 5,400 159 GN Store Nord A/S 25,700 337 H. Lundbeck A/S 6,900 143 Novo Nordisk A/S, Cl B 24,737 1,392 Novozymes A/S, Cl B 5,670 310 TDC A/S 20,600 1,234 Topdanmark A/S * 2,650 230 Vestas Wind Systems A/S * 18,838 309 William Demant Holding * 3,757 208 ------ 8,706 ------ FINLAND (0.8%) Cargotec Corp., Cl B * 2,752 95 Fortum Corp. 19,013 356 Kone Oyj, Cl B * 3,624 144 Neste Oil Oyj * 8,053 228 Nokia Corp., Cl A 188,650 3,451 Orion Corp., Cl B 3,600 67 Sampo PLC, Cl A 20,452 356 Stora Enso Oyj 27,106 367 Tietoenator Oyj 5,429 198 UPM-Kymmene Corp. 22,600 443 ------ 5,705 ------
FRANCE (9.3%) Accor 16,684 918 Air France 10,630 228 Alcatel * (b) 85,898 1,065 Alstom * 7,864 453 Atos Origin SA * 4,386 289 Autoroutes du Sud de la France 4,817 285 AXA 94,918 3,063 BNP Paribas 53,440 4,324 Bouygues SA 14,437 706 Capgemini * 9,283 373 Carrefour SA 37,580 1,761 Casino Guichard-Perrachon SA 2,824 188 CNP Assurances SA 2,741 216 Compagnie de Saint-Gobain 20,693 1,231 Compagnie Generale des Etablissements Michelin 10,464 588 Credit Agricole SA 44,207 1,392 Dassault Systemes SA 4,504 254 Essilor International SA 7,979 644 Euronext Paris SA 8,631 450 European Aeronautic Defence & Space Co. Eads NV 17,332 654 France Telecom SA 101,916 2,532 Gecina SA 1,986 228 Groupe Danone 16,344 1,707 Hermes International 925 231 Imerys 2,880 208 Klepierre 1,926 181 L'Air Liquide SA (b) 927 178 L'Air Liquide SA (Loyalty Bonus Shares) 3,710 714 L'Air Liquide SA, Registered Shares 1,693 326 L'Oreal SA 22,282 1,656 Lafarge SA 10,399 936 Lafarge SA (Loyalty Shares) 997 90 Lagardere SCA 10,165 782 LVMH Moet Hennessy Louis Vuitton SA 16,572 1,472 Pernod Ricard 6,179 1,078 Pinault-Printemps-Redoute SA 4,492 506 PSA Peugeot Citroen SA 11,441 660 Publicis Groupe SA 10,495 365 Renault SA 12,905 1,052 Sagem SA 13,222 316 Sanofi-Aventis 72,323 6,334 Schneider Electric SA 15,792 1,409 Societe BIC 2,596 154 Societe Generale 22,311 2,744 Societe Television Francaise 1 9,212 256 Sodexho Alliance SA 8,209 338 SUEZ SA 63,081 1,964 Technip 7,230 435 Thales 6,861 311 Thomson 19,552 410 TOTAL SA (b) 38,714 9,723 Unibail Holding 3,784 503 Valeo 6,204 231 Veolia Environnement SA 24,926 1,128 VINCI SA (b) 12,225 1,051 Vivendi Universal SA 73,906 2,315 ------ 63,606 ------
GERMANY (12.8%) Adidas-Salomon AG 7,016 1,332 Allianz AG 45,171 6,841 ALTANA AG 9,689 529 BASF AG 69,853 5,352 Bayer AG 85,944 3,584 Bayerische Hypo-und Vereinsbank AG * 74,725 2,264 Beiersdorf AG 2,739 337 Celesio AG 5,922 508 Commerzbank AG 59,910 1,859 Continental AG 17,768 1,575 DaimlerChrysler AG 112,319 5,728 Deutsche Bank AG 63,656 6,177 Deutsche Boerse AG 16,069 1,644 Deutsche Lufthansa AG 32,530 481 Deutsche Post AG 69,023 1,676 Deutsche Telekom AG 358,101 5,960 Douglas Holding AG 5,248 202 E.ON AG 81,293 8,416 EPCOS AG * 9,277 122 Fresenius Medical Care AG 3,941 368 Hochtief AG 8,881 398 Hypo Real Estate Holding AG 17,911 932 Infineon Technologies AG * 85,831 786 Karstadt Quelle AG * (b) 11,069 167 Lanxess AG * (d) 15 0 Linde AG 11,256 876 MAN AG 19,147 1,022 Merck KGaA 6,693 555 METRO AG 18,982 917 MLP AG 10,575 220 Muenchener Rueckversicherungs AG 24,069 3,258 PUMA Rudolf Dassler Sport AG 2,322 678 RWE AG (b) 54,993 4,061 SAP AG 28,980 5,255 Schering AG 22,182 1,485 Siemens AG (b) 104,869 8,983 Suedzucker AG 10,142 238 ThyssenKrupp AG (b) 48,400 1,011 TUI AG 22,914 468 Volkswagen AG 29,851 1,579 ------ 87,844 ------ GREECE (1.1%) Alpha Bank SA 29,976 876 Coca-Cola HBC 11,970 353 Cosmote Mobile Telecommunications SA 15,950 355 EFG Eurobank Ergasias SA 21,160 669 Emporiki Bank of Greece SA * 8,784 298 Hellenic Duty Free Shops SA 3,860 68 Hellenic Petroleum SA 17,300 243 Hellenic Technodomiki Tev SA 20,860 135 Hellenic Telecommunications 28,580 609 Organization SA * Intracom SA 19,350 128 National Bank of Greece SA 29,119 1,242 OPAP SA 32,460 1,118 Piraeus Bank SA 22,425 480 Public Power Corp. SA 10,530 230 Technical Olympic SA 17,140 95 Titan Cement Co. SA 8,390 343 Viohalco SA 20,740 167 ------
7,409 ----- HONG KONG (0.7%) Bank of East Asia Ltd. 54,368 164 BOC Hong Kong (Holdings) Ltd. 147,500 283 Cheung Kong (Holdings) Ltd. 58,000 595 CLP Holdings Ltd. 48,600 282 Esprit Holdings Ltd. 39,500 281 Hang Seng Bank Ltd. 30,100 393 Henderson Land Development Co. Ltd. 28,000 132 Hong Kong & China Gas Co. Ltd. (The) 141,237 301 Hongkong Electric Holdings Ltd. 41,500 206 Hutchison Telecommunications International Ltd. * 77,827 112 Hutchison Whampoa Ltd. 75,080 715 Johnson Electric Holdings Ltd. 56,500 54 Li & Fung Ltd. 68,000 131 PCCW Ltd. 205,326 126 Prosperity REIT * 1,812 1 Sun Hung Kai Properties Ltd. 49,600 483 Swire Pacific Ltd. 35,500 319 Wharf (Holdings) Ltd. (The) 47,000 166 ----- 4,744 ----- IRELAND (0.9%) Allied Irish Banks PLC 71,733 1,532 Bank of Ireland 61,560 970 Bank of Ireland 32,464 743 CRH PLC 42,547 1,252 DEPFA Bank PLC 48,273 716 Elan Corp. PLC * 14,824 200 Independent News & Media PLC (d) 154 0 Irish Life & Permanent PLC 25,736 526 Kerry Group PLC 12,581 279 Kerry Group PLC, Cl A 6,213 199 ----- 6,417 ----- ITALY (7.7%) Alleanza Assicurazioni SpA 54,104 669 Arnoldo Mondadori Editore SpA 21,915 204 Assicurazioni Generali SpA 128,552 4,491 Autogrill SpA 18,781 257 Autostrade SpA (b) 48,949 1,174 Banca Antoniana Popolare Veneta SpA 37,262 1,160 Banca Fideuram SpA 47,076 256 Banca Intesa SpA 442,545 2,344 Banca Intesa SpA 124,585 616 Banca Monte dei Paschi di Siena SpA 155,559 727 Banca Nazionale del Lavoro SpA * 195,778 645 Banca Popolare di Milano Scarl SpA 61,942 679 Banche Popolari Unite SpA 57,516 1,261 Banco Popolare di Verona e Novara Scrl SpA 53,961 1,092 Benetton Group SpA 12,813 146 Bulgari SpA 23,533 263 Capitalia SpA 203,833 1,180 Edison SpA * (b) 127,025 257 Enel SpA 569,566 4,472 Eni SpA 355,570 9,860 Fiat SpA * (b) 71,919 627
FinecoGroup SpA 27,898 268 Finmeccanica SpA 41,611 805 Gruppo Editoriale L'Espresso SpA (b) 29,948 158 Italcementi SpA (b) 11,556 216 Luxottica Group SpA 20,735 526 Mediaset SpA 114,842 1,217 MEDIOBANCA - Banca di Credito Finanziario SpA 75,985 1,451 Mediolanum SpA (b) 39,759 262 Parmalat Finanziaria SpA * (d) 46,288 0 Pirelli & C. SpA 429,595 395 Riunione Adriatica di Sicurta SpA (RAS) 40,458 978 Sanpaolo IMI SpA 150,083 2,347 Seat Pagine Gialle SpA * 665,277 311 Snam Rete Gas SpA 167,124 687 Telecom Italia Media SpA * (b) 192,965 102 Telecom Italia RNC SpA 760,913 1,887 Telecom Italia SpA 1,423,312 4,144 Terna SpA 174,154 430 Tiscali SpA * (b) 40,378 128 UniCredito Italiano SpA 591,542 4,075 ------ 52,767 ------ JAPAN (27.0%) 77 Bank Ltd. 30,000 228 Acom Co. Ltd. 5,630 362 Advantest Corp. 5,900 595 AEON Co. Ltd. 47,200 1,201 AEON Credit Service Co. Ltd. 3,000 284 Aiful Corp. 5,100 426 Aisin Seiki Co. Ltd. 15,500 569 Ajinomoto Co., Inc. 42,000 430 All Nippon Airways Co. Ltd. 53,000 216 Alps Electric Co. Ltd. 16,000 223 Amada Co. Ltd. 32,000 282 Aoyama Trading Co. Ltd. 5,800 196 Ariake Japan Co. Ltd. 1,640 40 Asahi Breweries Ltd. 30,000 366 Asahi Glass Co. Ltd. (b) 70,000 904 Asahi Kasei Corp. 89,000 602 Astellas Pharma, Inc. 39,261 1,532 Bank of Fukuoka Ltd. (The) (b) 49,000 419 Bank of Yokohama Ltd. (The) 93,000 761 Benesse Corp. 5,700 200 Bridgestone Corp. (b) 49,000 1,020 Canon, Inc. (b) 54,300 3,177 Casio Computer Co. Ltd. 19,500 326 Central Glass Co. Ltd. 17,000 94 Central Japan Railway Co. 62 594 Chiba Bank Ltd. (The) 56,000 470 Chubu Electric Power Co., Inc. 41,600 991 Chugai Pharmaceutical Co. Ltd. 21,300 457 Citizen Watch Co. Ltd. 27,500 229 COMSYS Holdings Corp. 14,000 200 Credit Saison Co. Ltd. 13,400 669 CSK Corp. 5,600 280 Dai Nippon Printing Co. Ltd. 46,000 819 Daiichi Sankyo Co. Ltd. * 51,225 988 Daikin Industries Ltd. 17,200 503 Daimaru, Inc. (The) 20,000 289 Dainippon Ink & Chemicals, Inc. 63,000 273
Daito Trust Construction Co. Ltd. 6,700 347 Daiwa House Industry Co. Ltd. 37,000 579 Daiwa Securities Group, Inc. 95,000 1,077 Denki Kagaku Kogyo KK 47,000 208 DENSO Corp. 36,100 1,246 Dentsu, Inc. 141 459 DOWA Mining Co. Ltd. 25,000 271 East Japan Railway Co. 243 1,671 Ebara Corp. 34,000 184 Eisai Co. Ltd. 19,100 802 Electric Power Development Co. Ltd. 10,800 371 FamilyMart Co. Ltd. 5,900 200 Fanuc Ltd. 12,900 1,095 Fast Retailing Co. Ltd. 4,100 401 Fuji Electric Co. Ltd. 55,000 292 Fuji Photo Film Co. Ltd. 35,300 1,167 Fuji Television Network, Inc. 50 126 Fujikura Ltd. 34,000 276 Fujitsu Ltd. 129,000 982 Furukawa Electric Co. Ltd. (The) * 48,000 375 Gunma Bank Ltd. 31,000 229 Hino Motors Ltd. 25,000 158 Hirose Electric Co. Ltd. 2,700 360 Hitachi Cable Ltd. 25,000 117 Hitachi Chemical Co. Ltd. 9,000 238 Hitachi Ltd. 227,000 1,530 Hokkaido Electric Power Co., Inc. 14,700 299 Hokuhoku Financial Group, Inc. 95,000 444 Honda Motor Co. Ltd. 57,300 3,270 Hoya Corp. 32,000 1,151 Isetan Co. Ltd. 15,400 328 Ishikawajima-Harima Heavy Industries Co. Ltd. * 107,000 338 ITOCHU Corp. 121,000 1,010 ITOCHU Techno-Science Corp. 3,000 144 JAFCO Co. Ltd. 3,100 277 Japan Airlines Corp. 62,000 169 Japan Real Estate Investment Corp. 26 214 Japan Retail Fund Investment Corp. 20 155 Japan Tobacco, Inc. 67 977 JFE Holdings, Inc. 41,175 1,383 JGC Corp. 19,000 362 Joyo Bank Ltd. (The) 63,300 377 JSR Corp. 14,000 368 Kajima Corp. 76,000 437 Kamigumi Co. Ltd. 21,000 186 Kaneka Corp. 24,000 290 Kansai Electric Power Co., Inc. (The) 49,800 1,071 Kansai Paint Co. Ltd. 28,000 240 Kao Corp. 37,000 992 Katokichi Co. Ltd. 10,500 72 Kawasaki Heavy Industries Ltd. (b) 111,000 405 Kawasaki Kisen Kaisha Ltd. (b) 48,000 301 KDDI Corp. 186 1,073 Keihin Electric Express Railway Co. Ltd. 38,000 300 Keio Electric Railway Co. Ltd. 54,000 323 Keyence Corp. 2,500 711 Kikkoman Corp. 13,000 126 Kinden Corp. 18,000 163 Kinki Nippon Railway Co. Ltd. 126,250 505 Kirin Brewery Co. Ltd. (b) 55,000 641
Kobe Steel Ltd. 218,000 706 Kokuyo Co. Ltd. 6,600 98 Komatsu Ltd. 69,000 1,142 Konami Corp. 8,000 176 Konica Minolta Holdings, Inc. 36,500 372 Kubota Corp. 82,000 689 Kuraray Co. Ltd. 31,000 321 Kurita Water Industries Ltd. 12,600 240 Kyocera Corp. 11,800 861 Kyowa Hakko Kogyo Co. Ltd. 34,000 237 Kyushu Electric Power Co., Inc. 27,400 595 Lawson, Inc. 5,000 206 Leopalace21 Corp. 11,000 399 Mabuchi Motor Co. Ltd. 3,100 172 Makita Corp. 9,000 221 Marubeni Corp. 114,000 612 Marui Co. Ltd. 23,000 452 Matsumotokiyoshi Co. Ltd. 4,600 146 Matsushita Electric Industrial Co. Ltd. 150,880 2,911 Matsushita Electric Works Ltd. 22,000 206 Meiji Seika Kaisha Ltd. 37,000 197 Meitec Corp. 4,700 152 Millea Holdings, Inc. 99 1,704 Minebea Co. Ltd. 37,000 197 Mitsubishi Chemical Holdings Corp. 66,500 419 Mitsubishi Corp. 82,100 1,817 Mitsubishi Electric Corp. 142,000 1,006 Mitsubishi Estate Co. Ltd. 80,000 1,662 Mitsubishi Gas Chemical Co., Inc. 36,000 340 Mitsubishi Heavy Industries Ltd. 225,000 992 Mitsubishi Logistics Corp. 9,000 152 Mitsubishi Materials Corp. 81,000 414 Mitsubishi Rayon Co. Ltd. 52,000 344 Mitsubishi Tokyo Financial Group, Inc. 509 6,907 Mitsui & Co. Ltd. 109,000 1,400 Mitsui Chemicals, Inc. 50,000 336 Mitsui Engineering & Shipbuilding Co. Ltd. 71,000 231 Mitsui Fudosan Co. Ltd. 58,000 1,178 Mitsui Mining & Smelting Co. Ltd. 46,000 289 Mitsui O.S.K. Lines Ltd. 91,000 794 Mitsui Sumitomo Insurance Co. 86,340 1,057 Mitsui Trust Holdings, Inc. 42,000 504 Mitsukoshi Ltd. (b) 38,000 248 Mizuho Financial Group, Inc. 596 4,731 Murata Manufacturing Co. Ltd. 15,700 1,007 Namco Bandai Holdings, Inc. * 13,050 191 NEC Corp. 133,000 828 NEC Electronics Corp. 3,000 98 Net One Systems Co. Ltd. 50 121 NGK Insulators Ltd. 25,000 372 NGK Spark Plug Co. Ltd. 17,000 368 Nichii Gakkan Co. 2,900 74 Nidec Corp. 8,400 714 Nikko Cordial Corp. 59,000 935 Nikon Corp. 23,000 363 Nintendo Co. Ltd. 7,400 894 Nippon Building Fund, Inc. 25 211 Nippon Express Co. Ltd. 65,000 396 Nippon Meat Packers, Inc. 15,000 157 Nippon Mining Holdings, Inc. 61,500 438
Nippon Oil Corp. 100,000 776 Nippon Sheet Glass Co. Ltd. 37,000 162 Nippon Steel Corp. 442,000 1,574 Nippon Telegraph & Telephone Corp. 343 1,559 Nippon Unipac Holding 64 256 Nippon Yusen KK 91,000 624 Nissan Chemical Industries Ltd. 17,000 242 Nissan Motor Co. Ltd. 163,400 1,656 Nisshin Seifun Group, Inc. 19,800 209 Nisshin Steel Co. Ltd. 80,000 258 Nissin Food Products Co. Ltd. 7,400 214 Nitto Denko Corp. 12,200 951 NOK Corp. 8,400 228 Nomura Holdings, Inc. 124,600 2,388 Nomura Research Institute Ltd. 2,000 245 NSK Ltd. 41,000 280 NTN Corp. 37,000 292 NTT DATA Corp. 97 483 NTT DoCoMo, Inc. 1,198 1,829 Obayashi Corp. 51,000 376 OBIC Co. Ltd. 800 176 Odakyu Electric Railway Co. Ltd. 53,000 316 Oji Paper Co. Ltd. 54,000 319 Oki Electric Industry Co. Ltd. 52,000 190 Olympus Corp. 18,000 473 OMRON Corp. 17,600 406 Onward Kashiyama Co. Ltd. 13,000 256 Oracle Corp. 2,900 144 Oriental Land Co. Ltd. 4,200 229 ORIX Corp. 6,120 1,560 Osaka Gas Co. Ltd. 155,000 535 Pioneer Corp. 13,500 187 Promise Co. Ltd. 6,950 463 Rakuten, Inc. 315 305 Resona Holdings, Inc. * 338 1,362 Ricoh Co. Ltd. 50,000 876 ROHM Co. Ltd. 8,000 870 Sankyo Co. Ltd. 4,700 272 SANYO Electric Co. Ltd. (b) 118,000 320 Sapporo Holdings Ltd. (b) 35,000 196 Secom Co. Ltd. 15,500 811 Sega Sammy Holdings, Inc. 10,904 365 Seiko Epson Corp. 8,900 224 Sekisui Chemical Co. Ltd. 38,000 257 Sekisui House Ltd. 33,000 415 Seven & I Holdings Co. Ltd. * 55,540 2,379 Sharp Corp. 69,000 1,050 Shimamura Co. Ltd. 1,900 263 Shimano, Inc. 8,200 216 Shimizu Corp. 51,000 375 Shin-Etsu Chemical Co. Ltd. 25,500 1,356 Shinsei Bank Ltd. 69,000 399 Shionogi & Co. Ltd. 25,000 352 Shiseido Co. Ltd. 29,000 541 Shizuoka Bank Ltd. (The) 46,000 461 Showa Denko KK 91,000 355 Showa Shell Sekiyu KK 18,400 220 Skylark Co. Ltd. 8,900 142 SMC Corp. 3,900 557 Softbank Corp. 54,600 2,306 Sompo Japan Insurance, Inc. 62,000 839 Sony Corp. 61,500 2,514
Stanley Electric Co. Ltd. 13,200 215 Sumitomo Chemical Co. Ltd. 111,000 762 Sumitomo Corp. 81,000 1,048 Sumitomo Electric Industries Ltd. 51,000 775 Sumitomo Heavy Industries Ltd. 48,000 403 Sumitomo Metal Industries Ltd. 316,000 1,217 Sumitomo Metal Mining Co. Ltd. 43,000 532 Sumitomo Mitsui Financial Group, Inc. 286 3,032 Sumitomo Realty & Development Co. Ltd. 30,000 653 Sumitomo Trust & Banking Co. Ltd. (The) 94,000 961 Suruga Bank Ltd. 20,000 252 Suzuken Co. Ltd. 5,700 182 T&D Holdings, Inc. 16,850 1,117 Taiheiyo Cement Corp. 73,000 297 Taisei Corp. 75,000 340 Taisho Pharmaceutical Co. Ltd. 12,000 225 Taiyo Yuden Co. Ltd. 13,000 179 Takara Holdings, Inc. 20,000 119 Takashimaya Co. Ltd. 22,000 351 Takeda Pharmaceutical Co. Ltd. 59,500 3,219 Takefuji Corp. 8,500 577 TDK Corp. 9,200 634 Teijin Ltd. 71,000 451 Teikoku Oil Co. Ltd. (b) 17,000 223 Terumo Corp. 13,800 408 THK Co. Ltd. 9,100 238 TIS, Inc. 3,800 117 Tobu Railway Co. Ltd. 78,000 409 Toho Co. Ltd. 15,900 356 Tohoku Electric Power Co., Inc. 30,800 627 Tokyo Broadcasting System, Inc. 5,300 144 Tokyo Electric Power Co., Inc. (The) 79,900 1,941 Tokyo Electron Ltd. 12,300 773 Tokyo Gas Co. Ltd. 163,000 724 Tokyu Corp. 73,000 516 TonenGeneral Sekiyu KK (b) 27,000 290 Toppan Printing Co. Ltd. 42,000 491 Toray Industries, Inc. 98,000 799 Toshiba Corp. 215,000 1,284 Tosoh Corp. 47,000 206 Tostem Inax Holding Corp. 16,712 334 TOTO Ltd. 19,700 167 Toyo Seikan Kaisha Ltd. 11,900 194 Toyobo Co. Ltd. 74,000 248 Toyota Industries Corp. 14,500 521 Toyota Motor Corp. 192,800 10,005 Trend Micro, Inc. 7,500 284 Ube Industries Ltd. 83,000 225 Uni-Charm Corp. 3,800 171 UNY Co. Ltd. 15,000 237 Ushio, Inc. 9,500 222 USS Co. Ltd. 2,740 175 Wacoal Corp. 9,000 122 West Japan Railway Co. 133 555 Yahoo Japan Corp. 556 844 Yakult Honsha Co. Ltd. (b) 10,200 212 Yamada Denki Co. Ltd. 6,200 776 Yamaha Corp. 15,100 251 Yamaha Motor Co. Ltd. 16,300 426 Yamato Transport Co. Ltd. 29,000 481
Yamazaki Baking Co. Ltd. 12,000 98 Yokogawa Electric Corp. 19,700 336 ------- 184,503 ------- LUXEMBOURG (0.1%) Arcelor SA 36,291 900 ------- NETHERLANDS (2.1%) ABN AMRO Holding NV 71,009 1,857 AEGON NV 55,906 910 Akzo Nobel NV 11,358 526 ASML Holding NV * 20,943 419 DSM NV 8,020 328 Heineken NV 9,618 305 ING Groep NV 74,971 2,601 QIAGEN NV * 21,132 248 Reed Elsevier NV 32,467 453 Rodamco Europe NV 2,170 181 Royal Ahold NV * 63,666 477 Royal KPN NV 85,406 856 Royal Numico NV * 6,446 267 Royal Philips Electronics NV 56,095 1,743 TPG NV 18,251 570 Unilever NV 22,404 1,534 Vedior NV 8,926 132 VNU NV 11,825 392 Wolters Kluwer NV 14,221 288 ------- 14,087 ------- NEW ZEALAND (0.4%) Auckland International Airport Ltd. 169,852 230 Carter Holt Harvey Ltd. 104,723 179 Fisher & Paykel Appliances Holdings Ltd. 43,566 103 Fisher & Paykel Healthcare Corp. Ltd. 83,985 218 Fletcher Building Ltd. 78,141 403 Sky City Entertainment Group Ltd. 72,624 232 Telecom Corp. of New Zealand Ltd. 266,663 1,093 Warehouse Group Ltd. (The) 23,897 58 ------- 2,516 ------- NORWAY (1.4%) DNB NOR ASA 97,540 1,041 Frontline Ltd. 8,350 319 Norsk Hydro ASA 20,900 2,147 Norske Skogindustrier ASA 17,250 274 Orkla ASA 28,150 1,167 Petoleum Geo-Services ASA * 8,754 270 Schibsted ASA 7,000 209 Statoil ASA 86,400 1,986 Storebrand ASA 37,000 320 Tandberg ASA 19,294 118 Telenor ASA 111,800 1,098 Tomra Systems ASA (b) 31,350 225 Yara International ASA 28,640 417 ------- 9,591 ------- PORTUGAL (0.8%) Banco BPI SA 67,321 308 Banco Comercial Portugues SA 425,706 1,174 Banco Espirito Santo SA 23,578 380 Brisa-Auto-estradas de Portugal SA 77,473 657 CIMPOR-Cimentos de Portugal SGPS SA 42,933 236
Energias de Portugal SA 303,106 933 Keppel Corp. Ltd. 26,000 172 Portugal Telecom SGPS SA 131,313 1,328 PT Multimedia-Servicos de 18,260 209 Telecomunicacoes e Multimedia, SGPS, SA Sonae SGPS SA 214,214 299 ------ 5,696 ------ SINGAPORE (0.4%) City Developments Ltd. 23,000 120 DBS Group Holdings Ltd. 54,467 541 Oversea-Chinese Banking Corp. Ltd. 123,700 499 Singapore Airlines Ltd. 30,000 224 Singapore Press Holdings Ltd. 74,750 193 Singapore Telecommunications Ltd. 316,580 497 United Overseas Bank Ltd. 53,000 466 United Overseas Land Ltd. 5,300 8 Venture Corp. Ltd. 17,000 141 ------ 2,689 ------ SPAIN (4.6%) Abertis Infraestructuras SA (b) 21,749 547 Acciona SA 3,287 367 Acerinox SA (b) 19,617 285 Actividades de Construccion y Servicios SA (ACS) 22,906 738 Altadis SA 26,891 1,220 Antena 3 de Television SA (b) 7,645 182 Banco Bilbao Vizcaya Argentaria SA 262,930 4,693 Banco Popular Espanol SA (b) 81,755 997 Banco Santander Central Hispano SA 465,552 6,145 Corporacion Mapfre SA 12,623 208 Endesa SA (b) 78,525 2,065 Fomento de Construcciones y Contratas SA 5,080 288 Gamesa Corporacion Tecnologica SA 12,846 188 Gas Natural SDG SA 15,476 433 Grupo Ferrovial SA 6,247 433 Iberdrola SA (b) 72,792 1,990 Iberia Lineas Aereas de Espana SA 54,071 147 Indra Sistemas SA 13,359 261 Industria de Diseno Textil SA 18,642 608 Metrovacesa SA 5,153 313 Promotora de Informaciones SA 8,860 151 Repsol YPF SA 81,300 2,374 Sacyr Vallehermoso Group SA 11,548 282 Sociedad General de Aguas de Barcelona SA, Cl A 5,664 121 Sogecable SA * (b) 4,166 167 Telefonica Publicidad e Informacion SA 21,206 180 Telefonica SA 362,666 5,456 Union Fenosa SA (b) 19,210 715 Zeltia SA * 19,593 136 ------ 31,690 ------ SWEDEN (1.6%) ASSA ABLOY AB 16,200 255 Atlas Copco AB, Cl A 19,100 426 Atlas Copco AB, Cl B 13,341 266 Electrolux AB, Ser B 16,200 421 Gambro AB, Cl A 13,100 143
H&M Hennes & Mauritz AB 22,700 772 Nordea Bank AB 103,000 1,070 Sandvik AB 10,100 471 Scania AB, Cl B 5,727 207 Securitas AB, Cl B 17,200 286 Skandia Forsakrings AB 57,900 347 Skandinaviska Enskilda Banken AB 24,800 511 Skanska AB, Cl B 22,100 337 SKF AB, Cl B 18,800 264 Svenska Cellulosa AB ACA 7,800 292 Svenska Handelsbanken AB, Cl A 24,400 605 Swedish Match AB 17,600 207 Tele2 AB, Cl B 19,150 206 Telefonaktiebolaget LM Ericsson 708,800 2,438 TeliaSonera AB 93,500 503 Volvo AB, Cl A 5,157 237 Volvo AB, Cl B 11,250 531 -------- 10,795 -------- SWITZERLAND (1.8%) ABB Ltd. * 38,212 371 Adecco SA 3,320 153 Compagnie Financiere Richemont SA 10,722 467 Credit Suisse Group 22,936 1,170 Holcim Ltd. 3,980 271 Nestle SA 6,596 1,973 Novartis AG 39,761 2,091 Roche Holding Ltd. 12,253 1,840 STMicroelectronics NV 44,118 792 Swiss Reinsurance Co. 6,001 439 Swisscom AG 484 153 Syngenta AG 2,769 345 UBS AG 19,630 1,869 Zurich Financial Services 2,655 566 -------- 12,500 -------- UNITED KINGDOM (10.2%) 3i Group PLC 20,575 300 AMVESCAP PLC 26,828 204 Anglo American PLC 39,401 1,341 ARM Holdings PLC 55,732 116 AstraZeneca PLC 46,197 2,248 Aviva PLC 66,834 810 BAA PLC 35,668 385 BAE Systems PLC 99,595 654 Barclays PLC 177,727 1,868 BG Group PLC 121,954 1,205 BHP Billiton PLC 69,444 1,134 BOC Group PLC (The) 15,918 328 Boots Group PLC 23,908 249 BP PLC 599,340 6,382 Brambles Industries PLC 32,994 237 British American Tobacco PLC 50,249 1,124 British Land Co. PLC (The) 19,823 363 British Sky Broadcasting Group PLC 36,895 315 BT Group PLC 244,787 938 Bunzl PLC 11,919 131 Burberry Group PLC 8,946 66 Cable & Wireless PLC 78,077 160 Cadbury Schweppes PLC 59,674 564 Capita Group PLC (The) 27,041 194 Carnival PLC 5,447 309 Centrica PLC 110,045 482
Compass Group PLC 66,920 254 Cookson Group PLC * 6,450 47 Corus Group PLC 148,625 151 Daily Mail & General Trust PLC 13,899 188 Diageo PLC 90,225 1,308 Dixons Group PLC 65,096 183 Elan Corp., PLC * 18,086 238 Electrocomponents PLC 25,162 122 EMAP PLC 11,287 168 EMI Group PLC 31,724 132 Enterprise Inns PLC 14,807 239 Friends Provident PLC 56,807 185 Gallaher Group PLC 23,151 349 GKN PLC 32,475 161 GlaxoSmithKline PLC 164,090 4,147 GUS PLC 25,224 448 Hammerson PLC 9,442 166 Hanson PLC 22,553 248 Hays PLC 70,445 152 HBOS PLC 110,452 1,887 Hilton Group PLC 56,343 352 HSBC Holdings PLC 301,357 4,837 Imperial Chemical Industries PLC 39,804 227 Imperial Tobacco Group PLC 21,982 657 InterContinental Hotels Group PLC 17,601 254 International Power PLC 55,925 230 Invensys PLC * 233,903 74 ITV PLC 128,856 249 J Sainsbury PLC 43,723 237 Johnson Matthey PLC 9,896 240 Kelda Group PLC 12,794 170 Kingfisher PLC 68,938 281 Land Securities Group PLC 16,148 462 Legal & General Group PLC 174,433 366 Liberty International PLC 8,217 139 Lloyds TSB Group PLC 157,183 1,321 LogicaCMG PLC 30,267 92 Man Group PLC 10,416 342 Marks & Spencer Group PLC 53,889 468 Mitchells & Butlers PLC 17,560 126 National Grid PLC 94,305 922 Next PLC 9,401 248 Pearson PLC 25,336 300 Peninsular & Oriental Steam Navigation Co. (The) 32,184 258 Provident Financial PLC 8,689 82 Prudential PLC 68,374 647 Reckitt Benckiser PLC 17,595 581 Reed Elsevier PLC 41,058 386 Rentokil Initial PLC 71,380 201 Reuters Group PLC 44,458 329 Rexam PLC 17,873 156 Rio Tinto PLC 29,123 1,330 Rolls-Royce PLC 51,618 380 Royal & Sun Alliance Insurance Group PLC 100,360 217 Royal Bank of Scotland Group PLC (The) 90,642 2,736 Royal Dutch Shell PLC, Cl A 115,000 3,503 Royal Dutch Shell PLC, Cl B 79,163 2,530 SABMiller PLC 27,169 496 Sage Group PLC (The) 46,679 207
Scottish & Newcastle PLC 28,241 236 Scottish & Southern Energy PLC 29,633 517 Scottish Power PLC 58,619 548 Severn Trent PLC 14,675 274 Slough Estates PLC 14,284 147 Smith & Nephew PLC 30,170 278 Smiths Group PLC 20,537 370 Tesco PLC 221,523 1,263 Tomkins PLC 33,787 174 Trinity Mirror PLC 10,055 99 Unilever PLC 78,083 774 United Utilities PLC 29,278 338 Vodafone Group PLC 1,830,402 3,952 Whitbread PLC 11,883 194 William Hill Organization Ltd. 13,430 124 Wolseley PLC 21,653 456 WPP Group PLC 35,821 388 Yell Group PLC 27,320 252 -------- 69,897 -------- TOTAL FOREIGN COMMON STOCKS (COST $449,652) 625,184 -------- FOREIGN PREFERRED STOCK (0.5%) GERMANY (0.5%) Fresenius Medical Care AG 4,983 525 Henkel KGaA, Vorzug 7,395 744 Porsche AG 1,111 797 ProSiebenSat.1 Media AG 12,182 234 RWE AG Pfd. 5,080 327 Volkswagen AG 14,584 558 -------- TOTAL FOREIGN PREFERRED STOCK (COST $2,292) 3,185 -------- EXCHANGE TRADED FUNDS (3.6%) iShares MSCI EAFE Index Fund 273,832 16,282 iShares MSCI Germany Index Fund (b) 127,376 2,583 iShares MSCI Italy Index Fund (b) 50,810 1,296 iShares MSCI Japan Index Fund (b) 310,000 4,185 -------- TOTAL EXCHANGE TRADED FUNDS (COST $23,295) 24,346 -------- RIGHTS (0.0%) FRANCE (0.0%) L'Air Liquide Prime Fidelite 972 187 -------- PORTUGAL (0.0%) Sonae SGPS SA 214,214 20 -------- TOTAL RIGHTS (COST $169) 207 -------- SHORT-TERM INVESTMENTS (10.3%) Brown Brothers Harriman & Co., 16,894,502 16,895 Cayman Islands Cash Sweep CSFB Enhanced Liquidity Portfolio (c) 53,424,807 53,424 -------- TOTAL SHORT-TERM INVESTMENTS (COST $70,319) 70,319 -------- TOTAL INVESTMENTS (COST $545,727) (A) - 105.7% 723,241 LIABILITIES IN EXCESS OF OTHER ASSETS - (5.7)% (39,270) -------- NET ASSETS - 100.0% $683,971 ========
---------- (a) Cost for federal income tax purposes is $562,529 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $177,893 Unrealized Depreciation.................. (17,181) -------- Unrealized Appreciation (Depreciation)... $160,712 ========
(b) This security or a partial position of the security was on loan at December 31, 2005. The total value of securities on loan at December 31, 2005 in thousands was $51,443. (c) This security was purchased with cash collateral held from securities lending. (d) Market value is less than one thousand dollars. Cl - Class PLC - Public Liability Company REIT - Real Estate Investment Trust SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. The investment concentrations for the International Equity Index Fund as a percentage of net assets, by industry, as of December 31, 2005, were as follows (unaudited): Consumer Discretionary 12.1% Consumer Staples 5.2 Energy 6.7 Financials 26.9 Health Care 5.1 Industrials 10.1 Information Technology 6.2 Materials 7.4 Short-Term Investments 13.9 Telecommunication Services 6.1 Utilities 6.0
STI CLASSIC EQUITY FUNDS LARGE CAP RELATIVE VALUE FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES VALUE --------- -------- COMMON STOCKS (98.0%) CONSUMER DISCRETIONARY (8.7%) Advance Auto Parts, Inc. * (b) 500,000 $ 21,729 Gannett Co., Inc. 75,000 4,543 Kohl's Corp. * (b) 225,000 10,935 Lowe's Cos., Inc. (b) 275,000 18,332 McDonald's Corp. 40,000 1,349 Meredith Corp. 300,000 15,702 Target Corp. (b) 200,000 10,994 Viacom, Inc., Cl B 600,000 19,560 Walt Disney Co. (The) 750,000 17,978 -------- 121,122 -------- CONSUMER STAPLES (8.7%) Anheuser-Busch Cos., Inc. 102,195 4,390 Archer Daniels Midland Co. 500,000 12,330 Diageo PLC ADR (b) 425,000 24,778 Estee Lauder Cos., Inc. (The), Cl A (b) 150,000 5,022 PepsiCo, Inc. 200,000 11,816 Procter & Gamble Co. (The) 125,000 7,235 SYSCO Corp. (b) 300,000 9,315 Unilever PLC ADR (b) 525,000 21,063 Wal-Mart Stores, Inc. 350,000 16,380 Wm. Wrigley Jr. Co. (b) 125,000 8,311 -------- 120,640 -------- ENERGY (10.4%) Anadarko Petroleum Corp. (b) 110,000 10,423 Baker Hughes, Inc. (b) 375,000 22,792 Burlington Resources, Inc. 175,000 15,085 Chevron Corp. 350,000 19,870 ConocoPhillips (b) 300,000 17,454 Exxon Mobil Corp. 370,000 20,782 Royal Dutch Shell PLC ADR, Cl A 450,000 27,670 Transocean, Inc. * (b) 150,000 10,454 -------- 144,530 -------- FINANCIALS (25.2%) American Express Co. 35,000 1,801 American International Group, Inc. 375,000 25,586 Ameriprise Financial, Inc. 500,000 20,500 Bank of America Corp. (b) 450,000 20,768 Berkshire Hathaway, Inc., Cl B * (b) 8,500 24,952 Cincinnati Financial Corp. 450,000 20,106 CIT Group, Inc. 500,000 25,890 Citigroup, Inc. 650,000 31,544 Fifth Third Bancorp 400,000 15,088 Genworth Financial, Inc., Cl A (b) 600,000 20,748 Goldman Sachs Group, Inc. (The) 90,000 11,494 Morgan Stanley 400,000 22,696 New York Community Bancorp, Inc. (b) 1,300,000 21,476 Principal Financial Group, Inc. 400,000 18,972 State Street Corp. 250,000 13,860
U.S. Bancorp 500,000 14,945 Wachovia Corp. (b) 500,000 26,429 Wells Fargo & Co. 250,000 15,708 ------- 352,563 ------- HEALTH CARE (12.4%) Abbott Laboratories 400,000 15,772 Amgen, Inc. * (b) 200,000 15,772 Boston Scientific Corp. * (b) 1,000,000 24,490 Bristol-Myers Squibb Co. (b) 1,000,000 22,980 Eli Lilly & Co. (b) 450,000 25,466 Johnson & Johnson 300,000 18,030 Laboratory Corp. of America Holdings * (b) 20,000 1,077 Pfizer, Inc. 1,400,000 32,647 WellPoint, Inc. * 200,000 15,958 ------- 172,192 ------- INDUSTRIALS (9.2%) 3M Co. 250,000 19,375 Cendant Corp. 800,000 13,800 Dover Corp. 400,000 16,196 Emerson Electric Co. 125,000 9,338 General Electric Co. 400,000 14,020 Goodrich Corp. 500,000 20,549 Honeywell International, Inc. 175,000 6,519 Illinois Tool Works, Inc. 25,000 2,200 Norfolk Southern Corp. 275,000 12,328 Rockwell Automation, Inc. 75,000 4,437 Textron, Inc. 125,000 9,623 ------- 128,385 ------- INFORMATION TECHNOLOGY (12.3%) Accenture Ltd., Cl A 700,000 20,209 Agilent Technologies, Inc. * 450,000 14,981 Applied Materials, Inc. 1,000,000 17,940 Automatic Data Processing, Inc. 25,000 1,147 Cisco Systems, Inc. * 700,000 11,984 First Data Corp. 500,000 21,505 Hewlett-Packard Co. 400,000 11,452 Intel Corp. 600,000 14,976 International Business Machines Corp. 200,000 16,440 Microsoft Corp. 700,000 18,305 Nokia Corp. ADR (b) 1,100,000 20,130 Texas Instruments, Inc. 75,000 2,405 ------- 171,474 ------- MATERIALS (2.3%) E.I. du Pont de Nemours & Co. (b) 150,000 6,375 Praxair, Inc. 275,000 14,564 Sigma-Aldrich Corp. 180,000 11,392 ------- 32,331 ------- TELECOMMUNICATION SERVICES (4.5%) ALLTEL Corp. 275,000 17,353 BellSouth Corp. 500,000 13,550 Verizon Communications, Inc. 350,000 10,542 Vodafone Group PLC ADR 1,000,000 21,470 ------- 62,915 ------- UTILITIES (4.3%) American Electric Power Co., Inc. (b) 350,000 12,982 Edison International 550,000 23,985 Exelon Corp. (b) 200,000 10,628 SCANA Corp. 300,000 11,814 ------- 59,409 -------
TOTAL COMMON STOCKS (COST $1,119,451) 1,365,561 ---------- SHORT-TERM INVESTMENT (19.1%) CSFB Enhanced Liquidity Portfolio (c) 266,291,860 266,292 ---------- TOTAL SHORT-TERM INVESTMENT (COST $266,292) 266,292 ---------- MONEY MARKET FUNDS (2.8%) Federated Prime Value Obligations Fund, Cl I 38,871,802 38,872 ---------- TOTAL MONEY MARKET FUNDS (COST $38,872) 38,872 ---------- TOTAL INVESTMENTS (COST $1,424,615)(A) - 119.9% 1,670,725 LIABILITIES IN EXCESS OF OTHER ASSETS - (19.9)% (276,733) ---------- NET ASSETS - 100.0% $1,393,992 ==========
---------- * Non-income producing security. (a) Cost for federal income tax purposes is $1,426,688 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $265,154 Unrealized Depreciation.................. (21,340) -------- Unrealized Appreciation (Depreciation)... $243,814 ========
(b) This security or a partial position of the security was on loan at December 31, 2005. The total value of securities on loan at December 31, 2005 in thousands was $258,973. (c) This security was purchased with cash collateral held from securities lending. ADR - American Depository Receipt Cl - Class PLC - Public Limited Company SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS LARGE CAP VALUE EQUITY FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------- COMMON STOCKS (99.7%) CONSUMER DISCRETIONARY (7.4%) Dow Jones & Co., Inc. (b) 377,550 $13,399 Federated Department Stores, Inc. 267,980 17,775 Leggett & Platt, Inc. 489,006 11,228 OfficeMax, Inc. 175,013 4,438 Stanley Works (The) 198,716 9,546 Time Warner, Inc. 359,800 6,275 ------- 62,661 ------- CONSUMER STAPLES (7.8%) Colgate-Palmolive Co. (b) 309,000 16,950 Estee Lauder Cos., Inc. (The), Cl A (b) 186,750 6,252 H.J. Heinz Co. (b) 292,150 9,851 J.M. Smucker Co. (The) 152,261 6,699 Kimberly-Clark Corp. 223,700 13,344 PepsiCo, Inc. 219,500 12,968 ------- 66,064 ------- ENERGY (9.3%) Amerada Hess Corp. (b) 68,750 8,719 Chevron Corp. 301,950 17,142 ConocoPhillips (b) 297,700 17,320 Exxon Mobil Corp. 310,250 17,427 Marathon Oil Corp. (b) 303,550 18,507 ------- 79,115 ------- FINANCIALS (25.4%) A.G. Edwards, Inc. 161,800 7,582 Aspen Insurance Holdings Ltd. 92,900 2,199 Astoria Financial Corp. 293,575 8,631 Bank of America Corp. (b) 400,800 18,498 Bank of New York Co., Inc. (The) 439,600 14,001 Bear Stearns & Co., Inc. (b) 130,900 15,123 Citigroup, Inc. 191,129 9,275 Colonial BancGroup, Inc. (The) 290,300 6,915 Comerica, Inc. 119,127 6,762 Compass Bancshares, Inc. 149,753 7,232 Endurance Specialty Holdings Ltd. 65,700 2,355 JPMorgan Chase & Co. 349,616 13,876 KeyCorp 271,800 8,950 Lincoln National Corp. (b) 175,000 9,280 Merrill Lynch & Co., Inc. (b) 116,400 7,884 Morgan Stanley 131,500 7,461 Northern Trust Corp. (b) 152,850 7,921 Provident Financial Services, Inc. (b) 421,150 7,795 Regions Financial Corp. (b) 209,980 7,173 South Financial Group, Inc. (The) (b) 160,836 4,429 Torchmark Corp. (b) 163,963 9,116 Wachovia Corp. (b) 271,650 14,359 Washington Mutual, Inc. (b) 311,650 13,557
XL Capital Ltd., Cl A (b) 97,950 6,600 ------- 216,974 ------- HEALTH CARE (9.0%) Abbott Laboratories 425,900 16,793 Becton, Dickinson & Co. 157,480 9,461 Cooper Cos., Inc. (The) 137,450 7,051 PerkinElmer, Inc. 333,696 7,862 Pfizer, Inc. 801,750 18,697 Wyeth 362,250 16,689 ------- 76,553 ------- INDUSTRIALS (16.9%) Emerson Electric Co. 127,402 9,517 General Electric Co. 470,150 16,479 Honeywell International, Inc. 472,300 17,593 Hubbell, Inc., Cl B 99,138 4,473 Illinois Tool Works, Inc. 161,450 14,206 ITT Industries, Inc. 87,550 9,002 MSC Industrial Direct Co., Inc., Cl A 170,550 6,860 Pall Corp. 312,631 8,397 Parker Hannifin Corp. 102,850 6,784 Pentair, Inc. 150,300 5,188 Pitney Bowes, Inc. 158,298 6,688 Rockwell Automation, Inc. 198,850 11,764 Ryder System, Inc. 132,600 5,439 United Parcel Service, Inc., Cl B 197,750 14,861 Waste Management, Inc. 255,350 7,750 ------- 145,001 ------- INFORMATION TECHNOLOGY (4.7%) Automatic Data Processing, Inc. (b) 254,600 11,684 First Data Corp. 159,950 6,879 Harris Corp. 164,025 7,055 Jack Henry & Associates, Inc. (b) 357,601 6,823 Tektronix, Inc. 258,950 7,305 ------- 39,746 ------- MATERIALS (8.9%) Alcoa, Inc. (b) 322,500 9,536 Ashland, Inc. 88,898 5,147 Bemis Co., Inc. (b) 239,200 6,664 Cytec Industries, Inc. 112,150 5,342 E.I. du Pont de Nemours & Co. (b) 304,900 12,959 Engelhard Corp. 244,835 7,382 International Paper Co. 268,650 9,029 MeadWestvaco Corp. 239,650 6,717 Sigma-Aldrich Corp. (b) 100,818 6,381 Valspar Corp. (The) 259,050 6,391 ------- 75,548 ------- TELECOMMUNICATION SERVICES (5.0%) AT&T, Inc. (b) 349,900 8,569 BellSouth Corp. (b) 620,850 16,825 Verizon Communications, Inc. 573,260 17,267 ------- 42,661 ------- UTILITIES (5.3%) Cinergy Corp. (b) 227,100 9,643 Constellation Energy Group, Inc. 128,300 7,390 Dominion Resources, Inc. (b) 120,868 9,331 Entergy Corp. 141,800 9,734 PPL Corp. 309,894 9,111 ------- 45,209 ------- TOTAL COMMON STOCKS (COST $776,258) 849,532 -------
SHORT-TERM INVESTMENT (19.9%) CSFB Enhanced Liquidity Portfolio (c) 169,369,605 169,370 ---------- TOTAL SHORT-TERM INVESTMENT (COST $169,370) 169,370 ---------- TOTAL INVESTMENTS (COST $945,628) (A) - 119.6% 1,018,902 LIABILITIES IN EXCESS OF OTHER ASSETS - (19.6)% (167,043) ---------- NET ASSETS - 100.0% $ 851,859 ==========
---------- (a) Cost for federal income tax purposes is $945,775 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $ 85,951 Unrealized Depreciation.................. (12,836) -------- Unrealized Appreciation (Depreciation)... $ 73,115 ========
(b) This security or a partial position of the security was on loan at December 31, 2005. The total value of securities on loan at December 31, 2005 in thousands was $164,576. (c) This security was purchased with cash collateral held from securities lending. Cl - Class SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS MID-CAP EQUITY FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------- COMMON STOCKS (98.3%) CONSUMER DISCRETIONARY (15.5%) Abercrombie & Fitch Co., Cl A 46,922 $ 3,058 American Eagle Outfitters, Inc. 66,423 1,526 Black & Decker Corp. (The) 38,022 3,306 Claire's Stores, Inc. 62,244 1,819 Darden Restaurants, Inc. 75,492 2,935 Dex Media, Inc. 56,641 1,534 Federated Department Stores, Inc. 31,850 2,113 Hilton Hotels Corp. 147,225 3,550 J.C. Penney Co., Inc. 49,874 2,773 Johnson Controls, Inc. 24,029 1,752 KB Home (b) 19,732 1,434 Lennar Corp., Cl A (b) 54,270 3,312 Liz Claiborne, Inc. (b) 44,788 1,604 McGraw-Hill Cos., Inc. (The) 103,352 5,336 Meritage Homes Corp. * 28,432 1,789 Nordstrom, Inc. 86,055 3,218 Pacific Sunwear of California, Inc. * 59,881 1,492 Polo Ralph Lauren Corp. 44,114 2,477 Scholastic Corp. * (b) 51,483 1,468 Sherwin-Williams Co. (The) 51,228 2,327 Starwood Hotels & Resorts Worldwide, Inc. 20,477 1,308 Tiffany & Co. 34,269 1,312 ------- 51,443 ------- CONSUMER STAPLES (4.4%) Archer Daniels Midland Co. 74,808 1,845 Pepsi Bottling Group, Inc. (The) 96,993 2,775 Pilgrim's Pride Corp. 113,641 3,768 Reynolds American, Inc. 25,351 2,417 Smithfield Foods, Inc. * 121,279 3,711 ------- 14,516 ------- ENERGY (8.4%) Amerada Hess Corp. 24,975 3,167 Cooper Cameron Corp. * (b) 62,960 2,607 Devon Energy Corp. (b) 54,976 3,438 Marathon Oil Corp. 50,447 3,076 Murphy Oil Corp. (b) 51,532 2,782 Noble Energy, Inc. 74,226 2,991 Pride International, Inc. * 62,623 1,926 Tesoro Corp. * 46,780 2,879 Valero Energy Corp. 59,470 3,069 Weatherford International Ltd. * (b) 49,180 1,780 ------- 27,715 ------- FINANCIALS (21.1%) American Capital Strategies Ltd. 74,105 2,683 Arch Capital Group Ltd. * 36,799 2,015
Bear Stearns & Cos., Inc. 45,938 5,307 Brandywine Realty Trust (b) 61,712 1,722 CBL & Associates Properties, Inc. 55,710 2,201 CIT Group, Inc. 82,008 4,246 Comerica, Inc. 39,275 2,229 Conseco, Inc. * 53,206 1,233 E*TRADE Financial Corp. * (b) 108,621 2,266 Fiserv, Inc. * (b) 25,892 1,120 General Growth Properties, Inc. (b) 69,981 3,288 Genworth Financial, Inc., Cl A (b) 43,737 1,512 IndyMac Bancorp, Inc. 59,912 2,338 KeyCorp 91,762 3,022 Lexington Corp. Properties Trust (b) 125,231 2,667 Lincoln National Corp. (b) 73,957 3,922 MBIA, Inc. 42,297 2,545 MGIC Investment Corp. 36,563 2,407 New Century Financial Corp. 48,563 1,752 North Fork Bancorporation, Inc. 57,851 1,583 Old Republic International Corp. 60,118 1,579 PMI Group, Inc. (The) 56,377 2,315 Radian Group, Inc. 34,117 1,999 Sovereign Bancorp, Inc. 70,618 1,527 St. Paul Travelers Cos., Inc. (The) (b) 69,318 3,096 Student Loan Corp. (The) 3,848 805 TD Banknorth, Inc. 57,207 1,662 UnumProvident Corp. (b) 63,940 1,455 Ventas, Inc. 104,157 3,335 Zions Bancorp 27,960 2,113 ------ 69,944 ------ HEALTH CARE (12.1%) Allergan, Inc. (b) 30,402 3,282 Becton, Dickinson & Co. 37,970 2,281 Biogen Idec, Inc. * 43,499 1,972 CIGNA Corp. 28,420 3,175 Coventry Health Care, Inc. * 72,724 4,143 Dade Behring Holdings, Inc. 47,971 1,962 Edwards Lifesciences Corp. * (b) 43,985 1,830 Express Scripts, Inc. * 31,345 2,627 Genzyme Corp. * 47,701 3,376 Hospira, Inc. * 69,595 2,977 Humana, Inc. * (b) 28,612 1,554 Laboratory Corp. of America Holdings * (b) 56,540 3,045 McKesson Corp. 42,032 2,168 Protein Design Labs, Inc. * (b) 77,127 2,192 UnitedHealth Group, Inc. 28,019 1,741 Watson Pharmaceuticals, Inc. * (b) 56,929 1,851 ------ 40,176 ------ INDUSTRIALS (10.6%) American Standard Cos., Inc. 42,864 1,712 Arrow Electronics, Inc. * 83,982 2,690 CSX Corp. 45,704 2,320 Cummins, Inc. 27,682 2,484 Eaton Corp. (b) 46,439 3,116 Goodrich Corp. 44,517 1,830 Granite Construction, Inc. 38,738 1,391 Harsco Corp. 31,271 2,111 Herman Miller, Inc. 45,151 1,273 Hughes Supply, Inc. (b) 74,905 2,685 PACCAR, Inc. 45,718 3,165 R.R. Donnelley & Sons Co. 62,141 2,126
Ryder System, Inc. 50,154 2,057 Southwest Airlines Co. 163,197 2,681 Timken Co. (The) (b) 113,198 3,625 ------- 35,266 ------- INFORMATION TECHNOLOGY (15.7%) Accenture Ltd., Cl A 75,718 2,186 ADTRAN, Inc. 58,132 1,729 Alliance Data Systems Corp. * (b) 57,603 2,051 Amphenol Corp., Cl A 64,679 2,863 Autodesk, Inc. (b) 45,430 1,951 Broadcom Corp., Cl A * 43,138 2,034 Check Point Software Technologies Ltd. * 90,289 1,815 Citrix Systems, Inc. * (b) 88,040 2,534 Compuware Corp. * 161,945 1,453 Corning, Inc. * 78,437 1,542 Fair Isaac Corp. 48,228 2,130 Freescale Semiconductor, Inc., Cl B * 87,180 2,194 Global Payments, Inc. (b) 70,764 3,297 Harris Corp. 50,152 2,157 Lam Research Corp. * (b) 67,165 2,396 Linear Technology Corp. (b) 51,532 1,859 McAfee, Inc. * 99,659 2,704 MEMC Electronic Materials, Inc. * 72,912 1,616 National Semiconductor Corp. (b) 112,419 2,921 NCR Corp. * 78,684 2,671 NVIDIA Corp. (b) * 56,427 2,063 QLogic Corp. * 44,424 1,444 SanDisk Corp. * 23,298 1,464 Western Digital Corp. * 162,032 3,015 ------- 52,089 ------- MATERIALS (4.3%) FMC Corp. * 45,406 2,414 Louisiana-Pacific Corp. (b) 93,878 2,579 Lubrizol Corp. (The) 67,594 2,936 Lyondell Chemical Co. 114,173 2,720 Phelps Dodge Corp. 24,733 3,558 ------- 14,207 ------- REITS (0.5%) Simon Property Group, Inc. (b) 19,536 1,497 ------- UTILITIES (5.7%) Allegheny Energy, Inc. * 24,744 783 Alliant Energy Corp. 92,407 2,591 American Electric Power Co., Inc. (b) 123,372 4,576 CenterPoint Energy, Inc. (b) 170,324 2,189 Edison International 87,182 3,802 FirstEnergy Corp. 34,418 1,686 Sempra Energy (b) 72,658 3,258 ------- 18,885 ------- TOTAL COMMON STOCKS (COST $288,109) 325,738 ------- SHORT-TERM INVESTMENT (22.8%) CSFB Enhanced Liquidity Portfolio (c) 75,736,626 75,737 ------- TOTAL SHORT-TERM INVESTMENT (COST $75,737) 75,737 -------
REPURCHASE AGREEMENT (4.7%) BNP Paribas, 4.005%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $15,443,166 (collateralized by U.S. Government Agencies, 5.250%, due 04/15/07; total market value 15,745,331)) 15,436 15,436 -------- TOTAL REPURCHASE AGREEMENT (COST $15,436) 15,436 -------- TOTAL INVESTMENTS (COST $379,282) (A) - 125.8% 416,911 LIABILITIES IN EXCESS OF OTHER ASSETS - (25.8)% (85,377) -------- NET ASSETS - 100.0% $331,534 ========
---------- * Non-income producing security. (a) Cost for federal income tax purposes is $379,969 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $41,901 Unrealized Depreciation.................. (4,980) ------- Unrealized Appreciation (Depreciation)... $36,921 =======
(b) This security or a partial position of the security was on loan at December 31, 2005. The total value of securities on loan at December 31, 2005 in thousands was $73,347. (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 December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE ---------- ------- COMMON STOCKS (96.9%) CONSUMER DISCRETIONARY (15.8%) Coca-Cola Femsa, SA ADR 87,273 $ 2,357 Cooper Tire & Rubber Co. (b) 177,300 2,716 Dow Jones & Co., Inc. (b) 63,800 2,264 Federated Department Stores, Inc. 52,700 3,496 Foot Locker, Inc. 102,600 2,420 Hilton Hotels Corp. 105,900 2,553 Johnson Controls, Inc. (b) 29,800 2,173 Lear Corp. (b) 39,800 1,133 Leggett & Platt, Inc. 140,400 3,224 Mattel, Inc. (b) 130,000 2,057 OfficeMax, Inc. 55,500 1,407 Regal Entertainment Group, Cl A (b) 114,500 2,178 Sherwin-Williams Co. (The) 59,200 2,689 Stanley Works (The) 43,200 2,075 Tupperware Corp. 68,900 1,543 ------- 34,285 ------- CONSUMER STAPLES (6.3%) Clorox Co. (The) 28,800 1,638 Corn Products International, Inc. 91,591 2,188 Estee Lauder Cos., Inc. (The), Cl A (b) 58,600 1,962 H.J. Heinz Co. 98,800 3,331 J.M. Smucker Co. (The) 63,400 2,790 Pepsi Bottling Group, Inc. (The) 57,100 1,634 ------- 13,543 ------- ENERGY (5.0%) Amerada Hess Corp. (b) 17,200 2,181 CHC Helicopter Corp., Cl A 52,189 1,224 GlobalSantaFe Corp. 55,900 2,692 Marathon Oil Corp. 23,800 1,451 Pioneer Natural Resources Co. 43,800 2,246 Tidewater, Inc. 22,900 1,018 ------- 10,812 ------- FINANCIALS (17.6%) Alliance Capital Management Holding LP (b) 35,000 1,977 AmSouth Bancorporation (b) 62,500 1,638 Aspen Insurance Holdings Ltd. 67,300 1,593 Astoria Financial Corp. 101,600 2,987 Bear Stearns & Co., Inc. 48,400 5,592 Colonial BancGroup, Inc. (The) 127,900 3,047 Compass Bancshares, Inc. 43,000 2,076 KeyCorp 76,700 2,526 Lincoln National Corp. 36,700 1,946 Protective Life Corp. 42,500 1,860 Provident Financial Services, Inc. (b) 237,639 4,399 South Financial Group, Inc. (The) (b) 118,500 3,263
Torchmark Corp. 29,600 1,646 XL Capital Ltd., Cl A (b) 48,900 3,295 -------- 37,845 -------- HEALTH CARE (4.8%) Beckman Coulter, Inc. 23,100 1,314 Cooper Cos., Inc. (The) 49,600 2,544 Health Management Associates, Inc., Cl A 98,300 2,159 PerkinElmer, Inc. 92,900 2,189 Serono SA ADR (b) 110,181 2,188 -------- 10,394 -------- INDUSTRIALS (14.2%) Dover Corp. 80,300 3,251 Hubbell, Inc., Cl B 46,235 2,086 ITT Industries, Inc. 22,800 2,344 L-3 Communications Holdings, Inc. 14,448 1,074 MSC Industrial Direct Co., Inc., Cl A 40,800 1,641 Pall Corp. 186,100 5,000 Parker Hannifin Corp. 47,200 3,113 Pentair, Inc. 59,700 2,061 Pitney Bowes, Inc. 53,400 2,256 R.R. Donnelley & Sons Co. 45,052 1,541 Rockwell Automation, Inc. 56,400 3,337 Ryder System, Inc. 77,214 3,167 -------- 30,871 -------- INFORMATION TECHNOLOGY (7.8%) Acxiom Corp. (b) 113,200 2,603 Amphenol Corp., Cl A 50,000 2,213 Analog Devices, Inc. (b) 48,200 1,729 Harris Corp. 52,500 2,258 Jack Henry & Associates, Inc. 118,700 2,265 Microchip Technology, Inc. (b) 65,100 2,093 Reynolds & Reynolds Co. (The), Cl A 54,933 1,542 Tektronix, Inc. 81,700 2,305 -------- 17,008 -------- MATERIALS (12.6%) Ashland, Inc. 45,700 2,646 Cytec Industries, Inc. 98,407 4,687 Engelhard Corp. 113,900 3,434 Foundation Coal Holdings, Inc. 52,255 1,986 Sappi Ltd. ADR 481,410 5,454 Sigma-Aldrich Corp. 49,900 3,158 United States Steel Corp. (b) 46,200 2,221 Valspar Corp. (The) 67,398 1,663 Worthington Industries, Inc. 106,100 2,038 -------- 27,287 -------- REITS (3.2%) American Financial Realty Trust 167,000 2,004 Developers Diversified Realty Corp. 32,900 1,547 ProLogis 31,500 1,472 Trustreet Properties, Inc. 135,600 1,982 -------- 7,005 -------- UTILITIES (9.6%) Ameren Corp. (b) 26,400 1,353 Cinergy Corp. 35,400 1,503 Constellation Energy Group, Inc. 56,300 3,244 Edison International 63,200 2,756 FirstEnergy Corp. 43,900 2,151 National Fuel Gas Co. 42,433 1,323 Pepco Holdings, Inc. 78,000 1,745
PG&E Corp. 39,800 1,477 PPL Corp. (b) 87,700 2,578 Public Service Enterprise Group, Inc. (b) 27,900 1,813 Xcel Energy, Inc. (b) 51,100 943 -------- 20,886 TOTAL COMMON STOCKS (COST $193,294) 209,936 -------- MONEY MARKET FUNDS (3.7%) Federated Prime Value Obligations Fund, Cl I 8,041,957 8,042 -------- TOTAL MONEY MARKET FUNDS (COST $8,042) 8,042 -------- SHORT-TERM INVESTMENT (14.8%) CSFB Enhanced Liquidity Portfolio (c) 32,004,877 32,005 -------- TOTAL SHORT-TERM INVESTMENT (COST $32,005) 32,005 -------- TOTAL INVESTMENTS (COST $233,341) (A) - 115.4% 249,983 LIABILITIES IN EXCESS OF OTHER ASSETS - (15.4)% (33,312) -------- NET ASSETS - 100.0% $216,671 ========
---------- (a) Cost for federal income tax purposes is $234,393 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $18,580 Unrealized Depreciation.................. (3,058) ------- Unrealized Appreciation (Depreciation)... $15,522 =======
(b) This security or a partial position of the security was on loan at December 31, 2005. The total value of securities on loan at December 31, 2005 in thousands was $30,951. (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 QUALITY GROWTH STOCK FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------- COMMON STOCKS (98.1%) CONSUMER DISCRETIONARY (8.4%) Coach, Inc. * 29,000 $ 967 Home Depot, Inc. (The) (b) 31,000 1,255 Johnson Controls, Inc. (b) 20,000 1,458 Lowe's Cos., Inc. 45,000 2,999 McGraw-Hill Cos., Inc. (The) 30,000 1,549 Staples, Inc. 77,500 1,760 Target Corp. (b) 25,500 1,402 -------- 11,390 -------- CONSUMER STAPLES (9.4%) Colgate-Palmolive Co. 48,000 2,633 CVS Corp. 97,000 2,563 PepsiCo, Inc. 54,000 3,190 Procter & Gamble Co. (The) 48,000 2,778 Wal-Mart Stores, Inc. 34,884 1,633 -------- 12,797 -------- ENERGY (7.7%) Anadarko Petroleum Corp. 12,000 1,137 Apache Corp. 37,250 2,552 BP PLC ADR 31,000 1,991 Exxon Mobil Corp. 85,000 4,775 -------- 10,455 -------- FINANCIALS (16.4%) AFLAC, Inc. 57,000 2,646 American Express Co. 35,180 1,810 American International Group, Inc. 41,000 2,797 Chubb Corp. (The) 29,500 2,881 Goldman Sachs Group, Inc. (The) 7,000 894 JPMorgan Chase & Co. 54,000 2,143 Marshall & Ilsley Corp. (b) 16,000 689 Merrill Lynch & Co., Inc. 15,000 1,016 Prudential Financial, Inc. (b) 36,000 2,635 SLM Corp. (b) 48,000 2,644 State Street Corp. 40,000 2,218 -------- 22,373 -------- HEALTH CARE (20.6%) Amgen, Inc. * 40,000 3,154 Baxter International, Inc. 72,000 2,711 Becton, Dickinson & Co. 18,000 1,081 C.R. Bard, Inc. 33,000 2,175 Coventry Health Care, Inc. * 45,000 2,563 Johnson & Johnson 22,732 1,366 Medtronic, Inc. 43,063 2,479 Schering-Plough Corp. 68,000 1,418 St. Jude Medical, Inc. * 59,000 2,962 Stryker Corp. 12,000 533 UnitedHealth Group, Inc. 84,200 5,233
Varian Medical Systems, Inc. * 14,000 705 Wyeth 38,000 1,751 -------- 28,131 -------- INDUSTRIALS (12.5%) Caterpillar, Inc. 33,000 1,906 Danaher Corp. 28,000 1,562 Emerson Electric Co. 27,000 2,017 Equifax, Inc. 18,000 684 Fastenal Co. (b) 38,000 1,489 General Dynamics Corp. 15,000 1,711 General Electric Co. 136,844 4,797 ITT Industries, Inc. 28,000 2,879 -------- 17,045 -------- INFORMATION TECHNOLOGY (19.8%) Automatic Data Processing, Inc. 58,000 2,662 CheckFree Corp. * (b) 24,000 1,102 Dell, Inc. * 57,000 1,709 First Data Corp. 40,000 1,720 Hewlett-Packard Co. 78,000 2,233 Intel Corp. 84,086 2,099 Maxim Integrated Products, Inc. 24,000 870 Microsoft Corp. 189,056 4,944 Oracle Corp. * 163,808 2,000 Paychex, Inc. 59,000 2,249 QUALCOMM, Inc. 27,000 1,163 Scientific-Atlanta, Inc. 12,000 517 Texas Instruments, Inc. 90,000 2,886 VeriSign, Inc. * 37,000 811 -------- 26,965 -------- MATERIALS (1.7%) Praxair, Inc. 45,000 2,383 -------- TELECOMMUNICATION SERVICES (1.6%) AT&T, Inc. 90,000 2,204 -------- TOTAL COMMON STOCKS (COST $103,936) 133,743 -------- WARRANTS (0.0%) INFORMATION TECHNOLOGY (0.0%) Lucent Technologies, Inc. * 22,693 13 -------- TOTAL WARRANTS (COST $0) 13 -------- SHORT-TERM INVESTMENT (8.7%) CSFB Enhanced Liquidity Portfolio (c) 11,898,155 11,898 -------- TOTAL SHORT-TERM INVESTMENT (COST $11,898) 11,898 -------- REPURCHASE AGREEMENT (1.5%) BNP Paribas, 4.005%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $2,021,134 (collateralized by U.S. Government Agencies, 5.250%, 04/15/07; total market value $2,061,211) 2,020 2,020 -------- TOTAL REPURCHASE AGREEMENT (COST $2,020) 2,020 -------- TOTAL INVESTMENTS (COST $117,854) (A) - 108.3% 147,674 LIABILITIES IN EXCESS OF OTHER ASSETS - (8.3)% (11,270) -------- NET ASSETS - 100.0% $136,404 ========
---------- * Non-income producing security. (a) Cost for federal income tax purposes is $117,854 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $28,481 Unrealized Depreciation.................. (1,286) ------- Unrealized Appreciation (Depreciation)... $27,195 =======
(b) This security or a partial position of the security was on loan at December 31, 2005. The total value of securities on loan at in December 31, 2005 thousands was $11,486. (c) This security was purchased with cash collateral held from securities lending. ADR - American Depository Receipt SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS SMALL CAP GROWTH STOCK FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- -------- COMMON STOCKS (97.3%) CONSUMER DISCRETIONARY (14.9%) Aaron Rents, Inc. (b) 365 $ 7,694 Buckle, Inc. (The) 180 5,803 Cache, Inc. * 203 3,512 Carter's, Inc. * 150 8,828 Cato Corp. (The), Cl A 100 2,145 Cavco Industries, Inc. * 137 5,260 Champion Enterprises, Inc. * (b) 570 7,763 Coldwater Creek, Inc. * (b) 216 6,582 Conn's, Inc. * (b) 165 6,084 Craftmade International, Inc. 170 3,404 Dover Downs Gaming & Entertainment, Inc. 235 3,325 Dress Barn, Inc. (The) * (b) 235 9,073 Genesco, Inc. * (b) 245 9,504 Gottschalks, Inc. * 220 1,857 Guitar Center, Inc. * (b) 100 4,996 Jos. A. Bank Clothiers, Inc. * (b) 285 12,373 K-Swiss, Inc., Cl A 223 7,242 Kona Grill, Inc. * 75 642 Luby's, Inc. * 430 5,719 Mikohn Gaming Corp. * (b) 703 6,934 Modine Manufacturing Co. 95 3,096 Noble International Ltd. 30 634 Orange 21, Inc. * 561 2,132 Panera Bread Co., Cl A * (b) 140 9,195 PetMed Express, Inc. * (b) 475 6,735 Phillips-Van Heusen Corp. 285 9,234 Priceline.com, Inc. * (b) 315 7,031 RARE Hospitality International, Inc. * 115 3,495 Rocky Shoes & Boots, Inc. * 265 6,455 Sauer-Danfoss, Inc. 202 3,793 Scientific Games Corp. * 200 5,456 Sportsman's Guide, Inc. (The) * 170 4,055 Steiner Leisure Ltd. * 200 7,112 Steven Madden Ltd. 178 5,214 Stride Rite Corp. (The) 420 5,695 Too, Inc. * 361 10,181 Warnaco Group, Inc. (The) * 278 7,427 Wolverine World Wide, Inc. 390 8,759 -------- 224,439 -------- CONSUMER STAPLES (2.5%) BJ's Wholesale Club, Inc. * 219 6,478 Central European Distribution Corp. * (b) 205 8,228 Chattem, Inc. * 145 5,277 Chiquita Brands International, Inc. 196 3,913 Corn Products International, Inc. 279 6,677
Overhill Farms, Inc. * (d) 1,155 3,772 Parlux Fragrances, Inc. * 16 480 Spectrum Brands, Inc. * 111 2,248 ------- 37,073 ------- ENERGY (3.3%) Cal Dive International, Inc. * (b) 210 7,537 Core Laboratories NV * 205 7,659 Hornbeck Offshore Services, Inc. * (b) 45 1,472 Oceaneering International, Inc. * 33 1,643 Superior Energy Services, Inc. * (b) 258 5,435 TETRA Technologies, Inc. * 195 5,951 Tidewater, Inc. 166 7,358 TODCO, Cl A 190 7,231 TransMontaigne, Inc. * 274 1,806 Unit Corp. * 50 2,740 ------- 48,832 ------- FINANCIALS (8.8%) Affiliated Managers Group, Inc. * (b) 95 7,624 American Safety Insurance Holdings Ltd. * 140 2,342 Arch Capital Group Ltd. * 135 7,397 Asta Funding, Inc. (b) 110 3,007 Central Pacific Financial Corp. 125 4,490 Doral Financial Corp. 145 1,537 Encore Capital Group, Inc. * (b) 180 3,125 Euronet Worldwide, Inc. * (b) 105 2,911 First BanCorp 200 2,482 First Citizens BancShares, Inc., Cl A 33 5,756 First Community Bancorp, Cl A 72 3,893 First Niagara Financial Group, Inc. 358 5,186 FirstFed Financial Corp. * (b) 125 6,815 Franklin Bank Corp. * 170 3,058 Greater Bay Bancorp 170 4,355 Infinity Property & Casualty Corp. 209 7,788 Phoenix Cos., Inc. (The) (b) 385 5,251 Piper Jaffray Cos. * 161 6,488 Platinum Underwriters Holdings Ltd. (b) 270 8,389 R & G Financial Corp., Cl B 210 2,778 RLI Corp. 109 5,458 Santander BanCorp (b) 40 1,005 Selective Insurance Group, Inc. (b) 155 8,231 South Financial Group, Inc. (The) (b) 140 3,856 TierOne Corp. 100 2,941 United Community Banks, Inc. 60 1,600 W Holding Co., Inc. 700 5,761 Zenith National Insurance Corp. 190 8,762 ------- 132,286 ------- HEALTH CARE (16.8%) Amedisys, Inc. * (b) 230 9,715 American Retirement Corp. * 134 3,360 AMICAS, Inc. * 800 3,968 Arena Pharmaceuticals, Inc. * (b) 765 10,878 Aspect Medical Systems, Inc. * (b) 390 13,379 Bentley Pharmaceuticals, Inc. * (b) 524 8,596 Cubist Pharmaceuticals, Inc. * (b) 334 7,098 Drugmax, Inc. * 2,603 3,124 Hi-Tech Pharmacal Co., Inc. * (b) 125 5,536 Hologic, Inc. * 214 8,133 ICU Medical, Inc. * 80 3,137 Illumina, Inc. * (b) 290 4,089
IntraLase Corp. * (b) 368 6,557 IRIS International, Inc. * (b) 290 6,339 LHC Group, Inc. * 254 4,428 LifeCell Corp. * 295 5,626 LifePoint Hospitals, Inc. * 200 7,500 Martek Biosciences Corp. * (b) 116 2,860 Matria Healthcare, Inc. * 105 4,070 Matrixx Initiatives, Inc. * (b) 85 1,781 Meridian Bioscience, Inc. 290 5,841 Natus Medical, Inc. * 445 7,182 Palomar Medical Technologies, Inc. * (b) 350 12,264 Per-Se Technologies, Inc. * (b) 460 10,746 Protein Design Labs, Inc. * (b) 500 14,211 Providence Service Corp. (The) * 260 7,485 Serologicals Corp. * (b) 410 8,093 SFBC International, Inc. * (b) 360 5,764 SurModics, Inc. * (b) 270 9,987 Third Wave Technologies, Inc. * 840 2,503 Thoratec Laboratories Corp. * (b) 330 6,828 TriPath Imaging, Inc. * 820 4,950 TriZetto Group, Inc. * (b) 455 7,730 United Therapeutics Corp. * (b) 150 10,368 Ventiv Health, Inc. * 426 10,063 ViroPharma, Inc. * (b) 445 8,255 ------- 252,444 ------- INDUSTRIALS (16.9%) A.S.V., Inc. * (b) 265 6,621 AirTran Holdings, Inc. * (b) 501 8,031 Arkansas Best Corp. (b) 145 6,334 Builders FirstSource, Inc. * 440 9,403 Ceradyne, Inc. * (b) 230 10,074 Copart, Inc. * 420 9,685 Corrections Corp. of America * (b) 175 7,870 Dycom Industries, Inc. * (b) 315 6,930 EDO Corp. 228 6,175 ElkCorp 230 7,742 EMCOR Group, Inc. * (b) 76 5,131 Encore Wire Corp. * (b) 460 10,470 Esterline Technologies Corp. * 190 7,066 Flow International Corp. * (d) 1,727 13,383 Gardner Denver, Inc. * 150 7,395 General Cable Corp. * 520 10,244 Genlyte Group, Inc. (The) * 220 11,785 Gevity HR, Inc. (b) 410 10,545 Griffon Corp. * 290 6,905 Herman Miller, Inc. 250 7,048 Labor Ready, Inc. * 295 6,142 Marten Transport Ltd. * 233 4,236 Mobile Mini, Inc. * 187 8,873 Mueller Industries, Inc. 154 4,212 NCI Building Systems, Inc. * (b) 210 8,921 Pacer International, Inc. 260 6,776 Power-One, Inc. * 892 5,370 PW Eagle, Inc. 119 2,443 Simpson Co., Inc. (b) 143 5,215 Toro Co. (The) 170 7,441 Ultralife Batteries, Inc. * (b) 360 4,320 Universal Truckload Services, Inc. * 280 6,440 Wabtec Corp. 325 8,743 Walter Industries, Inc. (b) 114 5,648 ------- 253,617 -------
INFORMATION TECHNOLOGY (30.6%) Advent Software, Inc. * (b) 250 7,228 Aeroflex, Inc. * 940 10,105 Ansoft Corp. * 180 6,129 ANSYS, Inc. * 170 7,257 ARGON ST, Inc. * 190 5,886 Art Technology Group, Inc. * 1,049 2,055 ATMI, Inc. * (b) 185 5,174 Black Box Corp. 215 10,187 Blackboard, Inc. * (b) 223 6,457 Bottomline Technologies (de), Inc. * 710 7,824 CACI International, Inc. * (b) 62 3,568 CalAmp Corp. * 253 2,657 Carrier Access Corp. * 705 3,483 Checkpoint Systems, Inc. * (b) 150 3,706 Click Commerce, Inc. * (b) 505 10,615 Credence Systems Corp. * (b) 780 5,429 Cree, Inc. * (b) 265 6,689 Cymer, Inc. * 219 7,792 Cypress Semiconductor Corp. * (b) 550 7,838 Digital River, Inc. * (b) 230 6,840 Ditech Communications Corp. * 560 4,676 eCollege.com * (b) 300 5,409 Entrust, Inc. * 1,390 6,728 Epicor Software Corp. * (b) 468 6,614 FEI Co. * (b) 270 5,176 Hutchinson Technology, Inc. * 130 3,699 Hyperion Solutions Corp. * (b) 250 8,955 InfoCrossing, Inc. * (b) 290 2,497 Integrated Device Technology, Inc. * 500 6,590 Ituran Location & Control Ltd. * 361 5,751 Jupitermedia Corp. * (b) 500 7,390 KEMET Corp. * 145 1,025 Kopin Corp. * 1,250 6,690 Liveperson, Inc. * 587 3,291 M-Systems Flash Disk Pioneers Ltd. * (b) 180 5,962 Magma Design Automation, Inc. * (b) 500 4,205 Merge Technologies, Inc. * (b) 180 4,507 Metrologic Instruments, Inc. * 416 8,013 Microtune, Inc. * (b) 1,095 4,566 MIPS Technologies, Inc. * 415 2,357 Moldflow Corp. * 314 4,376 Neoware Systems, Inc. * (b) 75 1,748 NETGEAR, Inc. * 325 6,256 Netlogic Microsystems, Inc. * (b) 269 7,330 NICE Systems Ltd. * 240 11,557 O2Micro International Ltd., ADR * 280 2,850 Orbotech Ltd. * 260 6,232 Packeteer, Inc. * (b) 552 4,289 PC Connection, Inc. * (b) 136 734 Performance Technologies, Inc. * 545 4,464 Photronics, Inc. * 375 5,648 Portalplayer, Inc. * (b) 140 3,965 Power Integrations, Inc. * (b) 277 6,598 Presstek, Inc. * (b) 790 7,142 Radiant Systems, Inc. * 597 7,257 Radvision Ltd. * 475 7,877 Radyne ComStream, Inc. * 540 7,863 RealNetworks, Inc. * (b) 855 6,635 Rogers Corp. * 135 5,289 Secure Computing Corp. * (b) 411 5,039
Semtech Corp. * 435 7,943 SM&A * 400 3,292 SonicWALL, Inc. * 380 3,010 Stellent, Inc. * 650 6,455 Sunair Services Corp. * (d) 1,000 4,680 TALX Corp. 196 8,947 Tekelec * (b) 480 6,672 TeleCommunication Systems, Inc. * (b) 299 657 Tollgrade Communications, Inc. * 535 5,848 Transaction Systems Architects, Inc. * 325 9,357 Trimble Navigation Ltd. * (b) 275 9,760 TTM Technologies, Inc. * 285 2,683 Ultimate Software Group, Inc. (The) * 560 10,678 ValueClick, Inc. * 521 9,437 VASCO Data Security International, Inc. * (b) 466 4,590 webMethods, Inc. * 985 7,594 Websense, Inc. * (b) 140 9,190 Westell Technologies, Inc., Cl A * 950 4,275 --------- 459,237 --------- MATERIALS (3.5%) Aleris International, Inc. * (b) 273 8,795 Carpenter Technology Corp. (b) 140 9,867 Commercial Metals Co. (b) 59 2,222 Foundation Coal Holdings, Inc. 239 9,067 Gibraltar Industries, Inc. 119 2,725 Headwaters, Inc. * (b) 190 6,734 Silgan Holdings, Inc. 120 4,334 Texas Industries, Inc. 185 9,220 --------- 52,964 --------- TOTAL COMMON STOCKS (COST $1,246,756) 1,460,892 --------- WARRANT (0.1%) HEALTH CARE (0.0%) Drugmax, Inc. * 1,302 143 --------- INDUSTRIALS (0.1%) Flow International * 173 636 --------- INFORMATION TECHNOLOGY (0.0%) InfoCrossing, Inc. * 139 104 --------- TELECOMMUNICATION SERVICES (0.0%) Sunair Services Corp. (d) 350 0 --------- TOTAL WARRANT (COST $169) 883 --------- SHORT-TERM INVESTMENT (25.0%) CSFB Enhanced Liquidity Portfolio (c) 376,152,741 376,153 --------- TOTAL SHORT-TERM INVESTMENT (COST $376,153) 376,153 --------- REPURCHASE AGREEMENT (2.5%) BNP Paribas, 4.005%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $19,033,135 (collateralized by U.S. Government Agencies, 5.250%-6.625%, due 04/15/07-09/15/09; total market value $19,406,183) 19,025 19,025
Lehman Brothers, Inc., 4.155%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $18,830,605 (collateralized by U.S. Government Agencies, DN, due 01/01/34; total market value $19,198,847) 18,822 18,822 ---------- TOTAL REPURCHASE AGREEMENT (COST $37,847) 37,847 ---------- TOTAL INVESTMENTS (COST $1,660,925) (A) - 124.9% 1,875,775 LIABILITIES IN EXCESS OF OTHER ASSETS - (24.9)% (373,690) ---------- NET ASSETS - 100.0% $1,502,085 ==========
---------- * Non-income producing security. (a) Cost for federal income tax purposes is $1,662,388 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $275,446 Unrealized Depreciation.................. (62,188) -------- Unrealized Appreciation (Depreciation)... $213,258 ========
(b) This security or a partial position of the security was on loan at December 31, 2005. The total value of securities on loan at December 31, 2005 in thousands was $358,676. (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 SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS SMALL CAP VALUE EQUITY FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- -------- COMMON STOCKS (99.5%) CONSUMER DISCRETIONARY (18.3%) ADESA, Inc. 282,169 $ 6,891 ArvinMeritor, Inc. 354,800 5,106 Bassett Furniture Industries, Inc. 216,300 4,002 Benetton Group SpA ADR 227,800 5,226 BorgWarner, Inc. (b) 96,800 5,869 Brown Shoe Co., Inc. 133,200 5,652 CBRL Group, Inc. 145,800 5,125 CKE Restaurants, Inc. (b) 1,183,400 15,987 Dow Jones & Co., Inc. (b) 220,400 7,822 Intrawest Corp. 434,900 12,589 Lithia Motors, Inc. (b) 403,600 12,688 Makita Corp. ADR 395,354 9,560 Meredith Corp. 156,400 8,186 Movado Group, Inc. 605,200 11,075 Natuzzi SpA ADR 427,500 2,993 Stanley Furniture Co., Inc. 76,900 1,783 United Auto Group, Inc. 261,100 9,974 Winnebago Industries, Inc. (b) 212,400 7,069 -------- 137,597 -------- CONSUMER STAPLES (3.9%) Church & Dwight Co., Inc. 350,550 11,578 Corn Products International, Inc. (b) 318,700 7,614 Ingles Markets, Inc., Cl A 82,400 1,290 J.M. Smucker Co. (The) 195,243 8,591 -------- 29,073 -------- ENERGY (3.2%) CHC Helicopter Corp., Cl A 715,200 16,771 Tidewater, Inc. (b) 165,900 7,376 -------- 24,147 -------- FINANCIALS (18.2%) American Financial Group, Inc. (b) 201,000 7,700 BankAtlantic Bancorp, Inc. 411,400 5,760 Banner Corp. 102,600 3,201 City National Corp. 79,800 5,781 Cohen & Steers, Inc. 387,830 7,225 Colonial BancGroup, Inc. (The) 245,000 5,836 Federal Agricultural Mortgage Corp., Cl C 80,189 2,400 Glacier Bancorp, Inc. 231,032 6,943 HCC Insurance Holdings, Inc. 433,050 12,853 Horizon Financial Corp. 230,106 5,026 Hub International Ltd. 547,700 14,131 International Bancshares Corp. 127,400 3,740 Investors Financial Services Corp. (b) 217,200 7,999 Jefferies Group, Inc. (b) 132,000 5,937 National Interstate Corp. 117,379 2,238
PXRE Group Ltd. 154,500 2,002 Scottish Re Group Ltd. (b) 173,400 4,257 Seacoast Banking Corp. of Florida 215,700 4,950 South Financial Group, Inc. (The) (b) 260,700 7,180 StanCorp Financial Group, Inc. 199,400 9,960 Washington Federal, Inc. 245,004 5,633 West Coast Bancorp 226,953 6,003 ------- 136,755 ------- HEALTH CARE (4.3%) Cooper Cos., Inc. (The) 295,000 15,133 Invacare Corp. 46,700 1,471 PerkinElmer, Inc. 372,700 8,781 Perrigo Co. (b) 442,400 6,596 ------- 31,981 ------- INDUSTRIALS (28.2%) ABM Industries, Inc. (b) 187,100 3,658 Apogee Enterprises, Inc. 187,500 3,041 Baldor Electric Co. 305,200 7,828 Briggs & Stratton Corp. (b) 249,900 9,694 Brink's Co. (The) 257,400 12,332 Cummins, Inc. (b) 89,000 7,986 ElkCorp 161,100 5,423 Engineered Support Systems, Inc. 44,800 1,865 Forward Air Corp. 240,111 8,800 Freightcar America, Inc. 147,700 7,101 Gol Linhas Aereas Inteligentes SA ADR (b) 345,692 9,752 Graco, Inc. (b) 654,100 23,863 Granite Construction, Inc. 282,700 10,152 Greenbrier Cos., Inc. (b) 144,900 4,115 Heartland Express, Inc. (b) 380,100 7,712 Lan Airlines SA ADR 149,400 5,600 Lennox International, Inc. 359,189 10,129 LSI Industries, Inc. 508,487 7,963 Mine Safety Appliances Co. 203,083 7,354 MSC Industrial Direct Co., Inc., Cl A 209,700 8,434 Oshkosh Truck Corp. 139,000 6,198 Portec Rail Products, Inc. 151,327 1,984 Quixote Corp. 401,820 7,956 Ryder System, Inc. 190,600 7,818 Supreme Industries, Inc., Cl A 81,405 630 Valmont Industries, Inc. 300,600 10,058 Wabtec Corp. 510,200 13,724 ------- 211,170 ------- INFORMATION TECHNOLOGY (10.5%) Factset Research Systems, Inc. (b) 273,400 11,253 Fair Isaac Corp. (b) 345,000 15,238 Harris Corp. 353,656 15,211 Jack Henry & Associates, Inc. 510,100 9,733 Keithley Instruments, Inc. 260,600 3,643 Lowrance Electronics, Inc. (b) 189,763 4,974 Nam Tai Electronics, Inc. 394,700 8,881 Reynolds & Reynolds Co. (The), Cl A 360,394 10,116 ------- 79,049 ------- MATERIALS (11.5%) Agnico-Eagle Mines Ltd. 457,500 9,040 Airgas, Inc. 650,488 21,401 Allegheny Technologies, Inc. 182,900 6,599 Cambrex Corp. 399,800 7,504 Foundation Coal Holdings, Inc. (b) 233,200 8,862
RPM International, Inc. 418,600 7,271 Sappi Ltd. ADR 719,000 8,146 Scotts Miracle-Gro Co. (The), Cl A 191,000 8,641 Valspar Corp. (The) 349,200 8,615 -------- 86,079 -------- UTILITIES (1.4%) Companhia de Saneamento Basico ADR (b) 617,800 10,422 -------- TOTAL COMMON STOCKS (COST $553,229) 746,273 -------- SHORT-TERM INVESTMENT (11.7%) CSFB Enhanced Liquidity Portfolio (c) 87,904,625 87,905 -------- TOTAL SHORT-TERM INVESTMENT (COST $87,905) 87,905 -------- REPURCHASE AGREEMENT (0.4%) Lehman Brothers, Inc., 4.155%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price 3,368,574 (collateralized by U.S. Government Agencies, DN, due 01/01/34; total market value 3,435,403) 3,367 3,367 -------- TOTAL REPURCHASE AGREEMENT (COST $3,367) 3,367 -------- TOTAL INVESTMENTS (COST $644,501) (A) - 111.6% 837,545 LIABILITIES IN EXCESS OF OTHER ASSETS - (11.6)% (87,264) -------- NET ASSETS - 100.0% $750,281 ========
---------- * Non-income producing security. (a) Cost for federal income tax purposes is $644,654 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $211,484 Unrealized Depreciation.................. (18,594) -------- Unrealized Appreciation (Depreciation)... $192,890 ========
(b) This security or a partial position of the security was on loan at December 31, 2005. The total value of securities on loan at December 31, 2005 in thousands was $84,878. (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 December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------ COMMON STOCKS (98.5%) CONSUMER DISCRETIONARY (10.9%) Centex Corp. 24,484 $1,750 D. R. Horton, Inc. 48,595 1,736 Darden Restaurants, Inc. 44,957 1,748 eBay, Inc. * 40,220 1,740 Goodyear Tire & Rubber Co. (The) * 99,922 1,737 Home Depot, Inc. (The) 43,192 1,748 J.C. Penney Co., Inc. 31,739 1,766 KB Home 24,065 1,749 Lennar Corp., Cl A 28,635 1,747 Lowe's Cos., Inc. 26,204 1,747 NIKE, Inc., Cl B 20,133 1,747 Nordstrom, Inc. 46,961 1,756 Pulte Homes, Inc. 44,079 1,735 Reebok International Ltd. 30,198 1,758 Target Corp. 31,854 1,751 ------ 26,215 ------ CONSUMER STAPLES (7.5%) Alberto-Culver Co. 49,598 2,269 Anheuser-Busch Cos., Inc. 52,873 2,271 Archer Daniels Midland Co. 90,979 2,244 Constellation Brands, Inc., Cl A * 88,176 2,312 Pepsi Bottling Group, Inc. (The) 79,539 2,276 Procter & Gamble Co. (The) 39,198 2,269 SUPERVALU, Inc. 69,751 2,266 Wal-Mart Stores, Inc. 48,229 2,257 ------ 18,164 ------ ENERGY (10.3%) Anadarko Petroleum Corp. 29,342 2,779 ConocoPhillips 47,624 2,771 Devon Energy Corp. 44,030 2,754 EOG Resources, Inc. 37,453 2,748 Nabors Industries Ltd. * 36,469 2,763 Occidental Petroleum Corp. 34,452 2,752 Sunoco, Inc. 35,149 2,755 Valero Energy Corp. 53,254 2,748 XTO Energy, Inc. 62,509 2,747 ------ 24,817 ------ FINANCIALS (23.2%) Bank of America Corp. 85,062 3,926 Bear Stearns & Co., Inc. 33,813 3,906 CIT Group, Inc. 76,070 3,939 Comerica, Inc. 68,882 3,910 Fannie Mae 81,889 3,996 Goldman Sachs Group, Inc. (The) 30,691 3,920 Lehman Brothers Holdings, Inc. 30,705 3,935 Lincoln National Corp. 73,633 3,905 Merrill Lynch & Co., Inc. 57,822 3,916
MetLife, Inc. * 80,070 3,923 MGIC Investment Corp. 59,477 3,915 Morgan Stanley 68,774 3,902 Prudential Financial, Inc. 53,282 3,900 SAFECO Corp. 18,099 1,023 Washington Mutual, Inc. 89,950 3,913 ------- 55,929 ------- HEALTH CARE (14.7%) Allergan, Inc. 29,704 3,207 Amgen, Inc. * 40,876 3,223 Applera Corp.- Applied Biosystems Group 120,568 3,202 Bausch & Lomb, Inc. 48,066 3,264 C.R. Bard, Inc. 48,681 3,209 Express Scripts, Inc. * 38,257 3,206 Johnson & Johnson 53,610 3,222 King Pharmaceuticals, Inc. * 190,224 3,219 Medtronic, Inc. 55,882 3,217 St. Jude Medical, Inc. * 63,683 3,197 UnitedHealth Group, Inc. 51,351 3,191 ------- 35,357 ------- INDUSTRIALS (12.0%) Avery Dennison Corp. 47,247 2,611 Boeing Co. (The) 37,251 2,617 Burlington Northern Santa Fe Corp. 37,361 2,646 Cummins, Inc. 28,953 2,598 FedEx Corp. 25,562 2,643 Fluor Corp. 33,994 2,626 Lockheed Martin Corp. 41,743 2,656 R.R. Donnelley & Sons Co. 76,611 2,621 Raytheon Co. 66,387 2,665 Ryder System, Inc. 63,631 2,610 Southwest Airlines Co. 160,308 2,634 ------- 28,927 ------- INFORMATION TECHNOLOGY (17.1%) Advanced Micro Devices, Inc. * 94,744 2,899 Apple Computer, Inc. * 40,483 2,910 BMC Software, Inc. * 138,003 2,828 Citrix Systems, Inc. * 99,984 2,878 Comverse Technology, Inc. * 87,021 2,314 Convergys Corp. * 129,835 2,058 Corning, Inc. * 145,354 2,858 Electronic Data Systems Corp. 118,986 2,860 Freescale Semiconductor, Inc., Cl B * 114,104 2,872 National Semiconductor Corp. 110,487 2,870 Novell, Inc. * 282,663 2,496 NVIDIA Corp. * 77,610 2,837 Siebel Systems, Inc. 273,915 2,898 Tellabs, Inc. * 265,128 2,890 Yahoo!, Inc. * 73,118 2,865 ------- 41,333 ------- MATERIALS (1.6%) Eastman Chemical Co. 50,853 2,623 Rohm & Haas Co. 26,682 1,292 ------- 3,915 ------- SOFTWARE (1.2%) Adobe Systems, Inc. 78,346 2,896 ------- TOTAL COMMON STOCKS (COST $229,578) 237,553 -------
REPURCHASE AGREEMENT (1.3%) Merrill Lynch & Co., Inc., 4.105%, dated 12/30/05, to be repurchased on 01/03/05, repurchase price $3,042,333 (collateralized by U.S. Government Agencies, 6.255%, 09/13/13; total market value $3,105,489) 3,040,946 3,041 -------- TOTAL REPURCHASE AGREEMENT (COST $3,041) 3,041 -------- TOTAL INVESTMENTS (COST $232,619) (A) - 99.8% 240,594 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.2% 430 -------- NET ASSETS - 100.0% $241,024 ========
---------- * Non-income producing security. (a) Cost for federal income tax purposes is $232,168 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $ 9,979 Unrealized Depreciation.................. (1,553) ------- Unrealized Appreciation (Depreciation)... $ 8,426 =======
Cl - Class SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS BALANCED FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------- COLLATERIZED MORTGAGE OBLIGATIONS (0.2%) Citigroup/Deutsche Bank Commercial Mortgage Trust, Ser 2005 CD1, Cl A4, 5.225%, 07/15/44 (e) $ 345 $ 349 ------- TOTAL COLLATERIZED MORTGAGE OBLIGATIONS (COST $347) 349 ------- COMMON STOCKS (57.8%) CONSUMER DISCRETIONARY (8.7%) Advance Auto Parts, Inc. * 24,500 1,065 Bed Bath & Beyond, Inc. * 34,500 1,247 Harley-Davidson, Inc. (b) 42,700 2,199 Home Depot, Inc. (The) (b) 53,000 2,145 Kohl's Corp. * 15,000 729 Lowe's Cos., Inc. 40,300 2,686 Marriott International, Inc., Cl A 11,600 777 NIKE, Inc., Cl B (b) 12,800 1,111 Omnicom Group, Inc. 13,300 1,132 Time Warner, Inc. 45,200 788 Univision Communications, Inc., Cl A * 17,100 503 Walt Disney Co. (The) 27,900 669 ------- 15,051 ------- CONSUMER STAPLES (3.4%) Colgate-Palmolive Co. 22,600 1,240 Estee Lauder Cos., Inc. (The), Cl A (b) 30,800 1,031 Wal-Mart Stores, Inc. 57,000 2,667 Walgreen Co. 23,400 1,036 ------- 5,974 ------- ENERGY (2.5%) Anadarko Petroleum Corp. 10,500 995 Exxon Mobil Corp. 58,200 3,269 ------- 4,264 ------- FINANCIALS (9.1%) American Express Co. 47,000 2,419 American International Group, Inc. 12,300 839 Chubb Corp. (The) 14,700 1,435 Goldman Sachs Group, Inc. (The) 10,200 1,303 JPMorgan Chase & Co. 64,000 2,539 MGIC Investment Corp. 31,400 2,067 SLM Corp. (b) 29,800 1,642 Washington Mutual, Inc. 38,100 1,657 Wells Fargo & Co. 30,600 1,923 ------- 15,824 ------- HEALTH CARE (7.2%) Amgen, Inc. * 24,100 1,901 Baxter International, Inc. 79,100 2,978
Becton, Dickinson & Co. 47,900 2,878 Health Management Associates, Inc., Cl A 54,300 1,192 Johnson & Johnson 17,200 1,034 Quest Diagnostics, Inc. (b) 25,200 1,297 Schering-Plough Corp. 25,200 525 Tenet Healthcare Corp. * 90,700 695 ------- 12,500 ------- INDUSTRIALS (11.2%) 3M Co. 14,300 1,108 Cintas Corp. 20,600 848 Danaher Corp. 32,400 1,807 Emerson Electric Co. 23,300 1,741 Fastenal Co. (b) 49,100 1,924 General Electric Co. 74,400 2,608 Honeywell International, Inc. 80,800 3,011 Illinois Tool Works, Inc. 11,900 1,047 Lockheed Martin Corp. 13,000 827 Raytheon Co. 46,200 1,855 Union Pacific Corp. 8,500 684 United Parcel Service, Inc., Cl B 25,500 1,916 ------- 19,376 ------- INFORMATION TECHNOLOGY (13.9%) Affiliated Computer Services, Inc., Cl A * (b) 23,700 1,403 Automatic Data Processing, Inc. 43,600 2,001 CDW Corp. 16,200 933 CheckFree Corp. * (b) 80,100 3,677 Cisco Systems, Inc. * 47,000 805 Electronic Data Systems Corp. 36,500 877 EMC Corp. * 44,500 606 First Data Corp. 33,000 1,419 Maxim Integrated Products, Inc. 46,000 1,667 Microsoft Corp. 127,000 3,321 Nokia Corp. ADR 136,700 2,502 Oracle Corp. * 63,000 769 Paychex, Inc. 60,500 2,306 Texas Instruments, Inc. 15,600 500 VeriSign, Inc. * 62,300 1,366 ------- 24,152 ------- MATERIALS (0.8%) Rohm & Haas Co. 29,500 1,428 ------- TELECOMMUNICATION SERVICES (1.0%) AT&T, Inc. 69,800 1,709 ------- TOTAL COMMON STOCKS (COST $89,869) 100,278 ------- CORPORATE BONDS (8.2%) AEROSPACE & DEFENSE (0.2%) United Technologies Corp., 4.875%, 05/01/15 380 376 ------- AIRLINES (0.1%) Southwest Airlines Co., 5.125%, 03/01/17 (b) 220 205 ------- BANKS (0.4%) Bank of America Corp., 7.400%, 01/15/11 625 688 ------- DIVERSIFIED FINANCIAL SERVICES (2.7%) CIT Group, Inc., 5.125%, 09/30/14 390 384
Citigroup, Inc., 5.125%, 05/05/14 185 185 Citigroup, Inc., 5.850%, 12/11/34 180 187 ERAC USA Finance Co., 5.600%, 05/01/15 (d) 165 164 Fund American Cos., Inc., 5.875%, 05/15/13 685 691 Goldman Sachs Group, Inc. (The), 4.750%, 07/15/13 (b) 565 548 HSBC Holdings PLC, 7.625%, 05/17/32 215 268 John Deere Capital Corp., 3.900%, 01/15/08 100 98 JPMorgan Chase & Co., 6.625%, 03/15/12 630 679 Lazard Group LLC, 7.125%, 05/15/15 980 1,030 Morgan Stanley, 5.300%, 03/01/13 705 707 ----- 4,941 ----- ELECTRIC (0.6%) Exelon Corp., 5.625%, 06/15/35 605 570 Pacific Gas & Electric Co., 6.050%, 03/01/34 400 414 ----- 984 ----- ENERGY (0.1%) Valero Energy Corp., 7.500%, 04/15/32 190 231 ----- ENTERTAINMENT (0.1%) GTECH Holdings Corp., 4.750%, 10/15/10 270 246 ----- INSURANCE (0.1%) Metlife, Inc., 5.700%, 06/15/35 90 90 ----- INVESTMENT COMPANIES (0.1%) Credit Suisse First Boston USA, Inc., 6.500%, 01/15/12 200 214 ----- MEDIA (0.4%) Cox Communications, Inc., 4.625%, 06/01/13 185 172 News America Holdings, Inc., 9.250%, 02/01/13 175 213 News America, Inc., 6.200%, 12/15/34 105 104 Time Warner, Inc., 7.625%, 04/15/31 220 245 ----- 734 ----- MINING (0.3%) Alcan, Inc., 5.750%, 06/01/35 195 190 Codelco, Inc., 5.500%, 10/15/13 (d) 260 266 ----- 456 ----- MISCELLANEOUS MANUFACTURER (0.6%) General Electric Co., 5.000%, 02/01/13 1,005 1,004 ----- OIL & GAS (0.4%) Devon Financing Corp. ULC, 7.875%, 09/30/31 265 337 Enterprise Products Operating LP, Ser B, 6.875%, 03/01/33 175 185 Motiva Enterprises LLC, 5.200%, 09/15/12 (d) 145 146 -----
668 ------ PIPELINES (0.5%) CenterPoint Energy Resources Corp., Ser B, 7.875%, 04/01/13 275 314 K N Capital Trust III, 7.630%, 04/15/28 350 388 K N Energy, Inc., 7.250%, 03/01/28 85 95 ------ 797 ------ REITS (0.1%) Simon Property Group LP, 6.375%, 11/15/07 110 112 ------ RETAIL (0.6%) Federated Department Stores, Inc., 6.900%, 04/01/29 85 92 Woolworths Ltd., 5.550%, 11/15/15 (d) 890 901 ------ 993 ------ TELECOMMUNICATIONS (0.8%) BellSouth Corp., 6.550%, 06/15/34 330 352 SBC Communications, Inc., 6.450%, 06/15/34 485 505 Telecom Italia SpA, 5.250%, 10/01/15 500 486 ------ 1,343 ------ TRANSPORTATION (0.1%) BNSF Funding Trust I, 6.613%, 12/15/55, Callable 01/15/26 @100 145 151 ------ TOTAL CORPORATE BONDS (COST $14,174) 14,233 ------ U.S. TREASURY OBLIGATIONS (30.7%) U.S. TREASURY BONDS (3.8%) 6.250%, 08/15/23 (b) 2,765 3,302 6.125%, 11/15/27 1,110 1,339 5.375%, 02/15/31 (b) 1,745 1,960 ------ 6,601 ------ U.S. TREASURY INFLATION PROTECTED NOTES/BONDS (2.0%) 1.625%, 01/15/15 3,530 3,548 ------ U.S. TREASURY NOTES (24.9%) 1.875%, 01/31/06 2,075 2,072 3.125%, 05/15/07 (b) 2,945 2,894 4.250%, 11/30/07 (b) 6,515 6,496 5.625%, 05/15/08 (b) 8,455 8,686 4.375%, 11/15/08 (b) 380 380 3.375%, 12/15/08 (b) 2,780 2,703 6.000%, 08/15/09 (b) 4,605 4,853 4.250%, 10/15/10 (b) 3,905 3,885 4.500%, 11/15/10 (b) 5,905 5,937 4.250%, 08/15/13 (b) 3,705 3,672 4.500%, 11/15/15 (b) 1,625 1,638 ------ 43,216 ------ TOTAL U.S. TREASURY OBLIGATIONS (COST $53,380) 53,365 ------ YANKEE BONDS (0.2%) TELECOMMUNICATIONS (0.2%) Verizon Global Funding Corp., 7.750%, 12/01/30 360 428 ------ TOTAL YANKEE BONDS (COST $436) 428 ------
SHORT-TERM INVESTMENT (32.0%) CSFB Enhanced Liquidity Portfolio (c) 55,503,635 55,503 -------- TOTAL SHORT-TERM INVESTMENT (COST $55,504) 55,503 -------- REPURCHASE AGREEMENT (2.6%) Deutsche Bank AG, 3.305%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $4,482,350 (collateralized by U.S Treasury Obligations, 2.5000%, due 10/31/06; total market value $4,570,638) 4,481 4,481 -------- TOTAL REPURCHASE AGREEMENT (COST $4,481) 4,481 -------- TOTAL INVESTMENTS (COST $218,191) (A) - 131.7% 228,637 LIABILITIES IN EXCESS OF OTHER ASSETS - (31.7)% (55,040) -------- NET ASSETS - 100.0% $173,597 ========
---------- * Non-income producing security. (a) Cost for federal income tax purposes is $218,753 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $13,590 Unrealized Depreciation.................. (3,705) ------- Unrealized Appreciation (Depreciation)... $ 9,885 =======
(b) This security or a partial position of the security was on loan at December 31, 2005. The total value of securities on loan at December 31, 2005 in thousands was $53,769. (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. (e) Variable rate security. Rate presented represents rate in effect at December 31, 2005. Maturity date represents actual maturity date. ADR - American Depository Receipt Cl - Class LLC - Limited Liability Company LP - Limited Partnership PLC - Public Limited Company REIT - Real Estate Investment Trust Ser - Series SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS LIFE VISION AGGRESSIVE GROWTH FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES VALUE --------- ------- EQUITY FUNDS (96.3%) STI Classic Aggressive Growth Stock Fund, I Shares (b) 340,649 $ 3,904 STI Classic Capital Appreciation Fund, I Shares (b) 1,093,357 13,448 STI Classic Emerging Growth Stock Fund, I Shares * (b) 49,610 564 STI Classic International Equity Index Fund, I Shares (b) 589,087 8,483 STI Classic Large Cap Relative Value Fund, I Shares (b) 748,655 12,345 STI Classic Large Cap Value Equity Fund, I Shares (b) 348,405 4,484 STI Classic Mid-Cap Equity Fund, I Shares (b) 261,307 3,371 STI Classic Mid-Cap Value Equity Fund, I Shares (b) 139,264 1,686 STI Classic Small Cap Growth Stock Fund, I Shares * (b) 53,443 1,121 STI Classic Small Cap Value Equity Fund, I Shares (b) 30,664 563 STI Classic Strategic Quantitative Equity Fund, I Shares * (b) 342,837 4,477 ------- TOTAL EQUITY FUNDS (COST $46,623) 54,446 ------- MONEY MARKET FUNDS (3.7%) STI Classic Prime Quality Money Market Fund, I Shares (b) 2,077,649 2,078 ------- TOTAL MONEY MARKET FUNDS (COST $2,078) 2,078 ------- TOTAL INVESTMENTS (COST $48,701) (A) - 100.0% 56,524 LIABILITIES IN EXCESS OF OTHER ASSETS - 0.0% (11) ------- NET ASSETS - 100.0% $56,513 =======
---------- * Non-income producing security. (a) Cost for federal income tax purposes is $48,701 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $6,452 Unrealized Depreciation.................. (169) ------ Unrealized Appreciation (Depreciation)... $6,283 ======
(b) Affiliate Investment. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS LIFE VISION CONSERVATIVE FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES VALUE ------- ------ EQUITY FUNDS (24.9%) STI Classic Aggressive Growth Stock Fund, I Shares (b) 12,429 $ 142 STI Classic Capital Appreciation Fund, I Shares (b) 38,784 477 STI Classic International Equity Index Fund, I Shares (b) 40,118 578 STI Classic Large Cap Relative Value Fund, I Shares (b) 26,074 430 STI Classic Large Cap Value Equity Fund, I Shares (b) 11,123 143 STI Classic Mid-Cap Equity Fund, I Shares (b) 11,122 143 STI Classic Mid-Cap Value Equity Fund, I Shares (b) 7,904 96 STI Classic Small Cap Growth Stock Fund, I Shares * (b) 4,549 95 STI Classic Small Cap Value Equity Fund, I Shares (b) 5,220 96 STI Classic Strategic Quantitative Equity Fund, I Shares * (b) 14,593 191 ------ TOTAL EQUITY FUNDS (COST $2,069) 2,391 ------ FIXED INCOME FUNDS (68.9%) STI Classic Core Bond Fund, I shares 649,135 6,518 STI Classic High Income Fund, I Shares 13,806 96 ------ TOTAL FIXED INCOME FUNDS (COST $6,719) 6,614 ------ MONEY MARKET FUNDS (6.0%) STI Classic Prime Quality Money Market Fund, I Shares 581,411 581 ------ TOTAL MONEY MARKET FUNDS (COST $581) 581 ------ TOTAL INVESTMENTS (COST $9,369)(A) - 99.8% 9,586 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.2% 22 ------ NET ASSETS - 100.0% $9,608 ======
---------- * Non-income producing security. (a) Cost for federal income tax purposes is $9,368 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $ 329 Unrealized Depreciation.................. (111) ----- Unrealized Appreciation (Depreciation)... $ 218 =====
(b) Affiliate Investment. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS LIFE VISION GROWTH AND INCOME FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES VALUE --------- -------- EQUITY FUNDS (73.7%) STI Classic Aggressive Growth Stock Fund, I Shares (b) 534,871 $ 6,130 STI Classic Capital Appreciation Fund, I Shares (b) 1,725,597 21,224 STI Classic Emerging Growth Stock Fund, I Shares * (b) 80,702 918 STI Classic International Equity Index Fund, I Shares (b) 928,515 13,371 STI Classic Large Cap Relative Value Fund, I Shares (b) 1,177,195 19,412 STI Classic Large Cap Value Equity Fund, I Shares (b) 549,176 7,068 STI Classic Mid-Cap Equity Fund, I Shares (b) 406,832 5,248 STI Classic Mid-Cap Value Equity Fund, I Shares (b) 217,754 2,637 STI Classic Small Cap Growth Stock Fund, I Shares * (b) 81,263 1,704 STI Classic Small Cap Value Equity Fund, I Shares (b) 50,030 919 STI Classic Strategic Quantitative Equity Fund, I Shares * (b) 540,142 7,054 -------- TOTAL EQUITY FUNDS (COST $71,703) 85,685 -------- FIXED INCOME FUNDS (20.9%) STI Classic Core Bond Fund, I shares (b) 2,298,652 23,078 STI Classic High Income Fund, I Shares (b) 166,217 1,157 -------- TOTAL FIXED INCOME FUNDS (COST $24,563) 24,235 -------- MONEY MARKET FUNDS (5.4%) STI Classic Prime Quality Money 6,301,288 6,301 -------- Market Fund, I Shares (b) TOTAL MONEY MARKET FUNDS (COST $6,301) 6,301 -------- TOTAL INVESTMENTS (COST $102,567) (A) - 100.0% 116,221 LIABILITIES IN EXCESS OF OTHER ASSETS - 0.0% (1) -------- NET ASSETS - 100.0% $116,220 ========
---------- * Non-income producing security. (a) Cost for federal income tax purposes is $103,803 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $12,714 Unrealized Depreciation.................. (483) ------- Unrealized Appreciation (Depreciation)... $12,231 =======
(b) Affiliate Investment. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS LIFE VISION MODERATE GROWTH FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES VALUE --------- -------- EQUITY FUNDS (54.8%) STI Classic Aggressive Growth Stock 569,469 $ 6,526 Fund, I Shares (b) STI Classic Capital Appreciation Fund, I Shares (b) 1,825,304 22,451 STI Classic International Equity Index Fund, I Shares (b) 974,721 14,036 STI Classic Large Cap Relative Value Fund, I Shares (b) 1,244,551 20,523 STI Classic Large Cap Value Equity Fund, I Shares (b) 573,657 7,383 STI Classic Mid-Cap Equity Fund, I Shares (b) 445,835 5,751 STI Classic Mid-Cap Value Equity Fund, I Shares (b) 230,760 2,795 STI Classic Small Cap Growth Stock Fund, I Shares * (b) 85,897 1,801 STI Classic Small Cap Value Equity Fund, I Shares (b) 89,393 1,641 STI Classic Strategic Quantitative 564,315 7,370 -------- Equity Fund, I Shares * (b) TOTAL EQUITY FUNDS (COST $74,780) 90,277 -------- FIXED INCOME FUNDS (40.1%) STI Classic Core Bond Fund, I shares (b) 6,409,980 64,356 STI Classic High Income Fund, I Shares (b) 237,746 1,655 -------- TOTAL FIXED INCOME FUNDS (COST $66,966) 66,011 -------- MONEY MARKET FUNDS (5.0%) STI Classic Prime Quality Money Market Fund, I Shares (b) 8,302,120 8,302 -------- TOTAL MONEY MARKET FUNDS (COST $8,302) 8,302 -------- TOTAL INVESTMENTS (COST $150,048) (A) - 99.9% 164,590 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.1% 225 -------- NET ASSETS - 100.0% $164,815 ========
---------- * Non-income producing security. (a) Cost for federal income tax purposes is $152,981 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $12,295 Unrealized Depreciation.................. (926) ------- Unrealized Appreciation (Depreciation)... $11,369 =======
(b) Affiliate Investment. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS LIFE VISION TARGET DATE 2015 FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES VALUE ------ ----- EQUITY FUNDS (74.3%) STI Classic Aggressive Growth Stock Fund, I Shares (b) 845 $ 10 STI Classic Capital Appreciation Fund, I Shares (b) 2,731 35 STI Classic Emerging Growth Stock Fund, I Shares * (b) 128 1 STI Classic International Equity Index Fund, I Shares (b) 1,488 21 STI Classic Large Cap Relative Value Fund, I Shares (b) 1,868 32 STI Classic Large Cap Value Equity Fund, I Shares (b) 876 11 STI Classic Mid-Cap Equity Fund, I Shares (b) 652 8 STI Classic Mid-Cap Value Equity Fund, I Shares (b) 345 4 STI Classic Small Cap Growth Stock Fund, I Shares * (b) 130 3 STI Classic Strategic Quantitative Equity Fund, I Shares * (b) 860 11 ---- TOTAL EQUITY FUNDS (COST $133) 136 ---- FIXED INCOME FUNDS (21.9%) STI Classic Core Bond Fund, I shares (b) 3,844 38 STI Classic High Income Fund, I Shares (b) 264 2 ---- TOTAL FIXED INCOME FUNDS (COST $40) 40 ---- MONEY MARKET FUNDS (3.3%) STI Classic Prime Quality Money 5,852 6 ---- Market Fund, I Shares (b) TOTAL MONEY MARKET FUNDS (COST $6) 6 ---- EXCHANGE TRADED FUNDS (0.5%) iShares Russell 2000 Value Index Fund 22 1 ---- TOTAL EXCHANGE TRADED FUNDS (COST $1) 1 ---- TOTAL INVESTMENTS (COST $180) (A) - 100.0% 183 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.0% 0 ---- NET ASSETS - 100.0% $183 ====
---------- * Non-income producing security. (a) Cost for federal income tax purposes is $180 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $ 4 Unrealized Depreciation.................. (1) --- Unrealized Appreciation (Depreciation)... $ 3 ===
(b) Affiliate Investment. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS LIFE VISION TARGET DATE 2025 FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES VALUE ------ ----- EQUITY FUNDS (91.8%) STI Classic Aggressive Growth Stock Fund, I Shares (b) 709 $ 8 STI Classic Capital Appreciation Fund, I Shares (b) 2,280 28 STI Classic Emerging Growth Stock Fund, I Shares * (b) 108 1 STI Classic International Equity Index Fund, I Shares (b) 1,224 18 STI Classic Large Cap Relative Value Fund, I Shares (b) 1,555 26 STI Classic Large Cap Value Equity Fund, I Shares (b) 729 9 STI Classic Mid-Cap Equity Fund, I Shares (b) 550 7 STI Classic Mid-Cap Value Equity Fund, I Shares (b) 294 4 STI Classic Small Cap Growth Stock Fund, I Shares * (b) 110 2 STI Classic Strategic Quantitative Equity Fund, I Shares * (b) 718 9 ---- TOTAL EQUITY FUNDS (COST $111) 112 ---- FIXED INCOME FUNDS (4.1%) STI Classic Core Bond Fund, I shares (b) 369 4 STI Classic High Income Fund, I Shares (b) 177 1 ---- TOTAL FIXED INCOME FUNDS (COST $5) 5 ---- MONEY MARKET FUNDS (3.3%) STI Classic Prime Quality Money Market Fund, I Shares (b) 3,918 4 ---- TOTAL MONEY MARKET FUNDS (COST $4) 4 ---- EXCHANGE TRADED FUNDS (0.8%) iShares Russell 2000 Value Index Fund 18 1 ---- TOTAL EXCHANGE TRADED FUNDS (COST $1) 1 ---- TOTAL INVESTMENTS (COST $121) (A) - 100.0% 122 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.0% 0 ---- NET ASSETS - 100.0% $122 ====
---------- * Non-income producing security. (a) Cost for federal income tax purposes is $121 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $ 2 Unrealized Depreciation.................. (1) --- Unrealized Appreciation (Depreciation)... $ 1 ===
(b) Affiliate Investment. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC EQUITY FUNDS LIFE VISION TARGET DATE 2035 FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES VALUE ------ ----- EQUITY FUNDS (95.5%) STI Classic Aggressive Growth Stock Fund, I Shares (b) 1,208 $ 14 STI Classic Capital Appreciation Fund, I Shares (b) 3,880 47 STI Classic Emerging Growth Stock Fund, I Shares * (b) 177 2 STI Classic International Equity Index Fund, I Shares (b) 2,121 31 STI Classic Large Cap Relative Value Fund, I Shares (b) 2,660 44 STI Classic Large Cap Value Equity Fund, I Shares (b) 1,244 16 STI Classic Mid-Cap Equity Fund, I Shares (b) 936 12 STI Classic Mid-Cap Value Equity Fund, I Shares (b) 495 6 STI Classic Small Cap Growth Stock Fund, I Shares * (b) 191 4 STI Classic Strategic Quantitative Equity Fund, I Shares * (b) 1,221 16 ---- TOTAL EQUITY FUNDS (COST $191) 192 ---- FIXED INCOME FUNDS (1.0%) STI Classic Core Bond Fund, I shares (b) 202 2 ---- TOTAL FIXED INCOME FUNDS (COST $2) 2 ---- MONEY MARKET FUNDS (2.5%) STI Classic Prime Quality Money Market Fund, I Shares (b) 5,153 5 ---- TOTAL MONEY MARKET FUNDS (COST $5) 5 ---- EXCHANGE TRADED FUNDS (1.0%) iShares Russell 2000 Value Index Fund 30 2 ---- TOTAL EXCHANGE TRADED FUNDS (COST $2) 2 ---- TOTAL INVESTMENTS (COST $200) (A) - 100.0% 201 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.0% 0 ---- NET ASSETS - 100.0% $201 ====
---------- * Non-income producing security. (a) Cost for federal income tax purposes is $200 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $ 3 Unrealized Depreciation.................. (2) --- Unrealized Appreciation (Depreciation)... $ 1 ===
(b) Affiliate Investment. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS CORE BOND FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------- ASSET BACKED SECURITIES (2.8%) CREDIT CARD ABS (2.2%) American Express Credit Account Master Trust, Ser 2001-1, Cl A, 4.260%, 09/15/08 (b) $2,040 $ 2,040 BA Master Credit Card Trust, Ser 2001, Cl A, 4.490%, 06/15/08 (b) 1,664 1,665 Bank One Issuance Trust, Ser 2003, Cl A2, 4.420%, 10/15/08 (b) 2,904 2,904 Chase Issuance Trust, Ser 2005-A1, Cl A1, 4.379%, 12/15/10 (b) 2,606 2,606 ------- 9,215 ------- DIVERSIFIED FINANCIAL SERVICES (0.6%) SLM Student Loan Trust, Ser 2004-8, Cl A3, 4.290%, 07/27/15 2,582 2,586 ------- HOME EQUITY ABS (0.0%) Cityscape Home Equity Loan Trust, Ser 1996-3, Cl A8, 7.650%, 09/25/25 27 28 Delta Funding Home Equity Loan Trust, Ser 1999-3, Cl A1F, 7.462%, 09/15/29 10 10 EQCC Home Equity Loan Trust, Ser 1999-3, Cl A7F, 7.448%, 08/25/30 7 7 New Century Home Equity Loan Trust, Ser 1999-NCB, Cl A7, 7.540%, 06/25/29 9 9 Soundview Home Equity Loan Trust, Ser 2001-1, Cl A, 6.265%, 04/15/31 8 8 ------- 62 ------- TOTAL ASSET BACKED SECURITIES (COST $11,872) 11,863 ------- COLLATERALIZED MORTGAGE OBLIGATIONS (0.4%) Citigroup/Deutsche Bank Commercial Mortgage Trust, Ser 2005-CD1, Cl A4, 5.225%, 07/15/44 (b) 1,700 1,718 ------- TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (COST $1,711) 1,718 ------- CORPORATE BONDS (9.0%) AEROSPACE/DEFENSE (0.3%) United Technologies Corp., 4.875%, 05/01/15 1,095 1,084 ------- AIRLINES (0.1%) Southwest Airlines Co., 5.125%, 03/01/17 575 537 ------- BANKS (0.4%) Bank of America Corp., 7.400%, 01/15/11 1,440 1,586
BNP US Funding LLC, 7.738%, 12/29/49, Callable 12/05/07 @ 100.00 (b) (d) (e) 240 251 ------ 1,837 ------ COMMERCIAL SERVICES (0.1%) ERAC USA Finance Co., 5.600%, 05/01/15 (d) 395 393 ------ DIVERSIFIED FINANCIAL SERVICES (2.8%) CIT Group, Inc., 5.125%, 09/30/14 1,115 1,097 Citigroup, Inc., 5.125%, 05/05/14 330 330 Citigroup, Inc., 5.850%, 12/11/34 515 536 Fund American Cos., Inc., 5.875%, 05/15/13 1,500 1,514 Goldman Sachs Group, Inc. (The), 4.750%, 07/15/13 1,500 1,455 HSBC Holdings PLC, 7.625%, 05/17/32 545 679 John Deere Capital Corp., 3.900%, 01/15/08 370 363 JPMorgan Chase & Co., 6.625%, 03/15/12 1,370 1,476 Lazard Group LLC, 7.125%, 05/15/15 2,025 2,127 Morgan Stanley, 5.300%, 03/01/13 1,855 1,859 ------ 11,436 ------ ELECTRIC (0.7%) Exelon Corp., 5.625%, 06/15/35 1,595 1,503 Northern States Power Co., 2.875%, 08/01/06 165 163 Pacific Gas & Electric Co., 6.050%, 03/01/34 1,060 1,097 Public Service Co. of Colorado, Ser 14, 4.375%, 10/01/08 180 178 ------ 2,941 ------ ENTERTAINMENT (0.0%) GTECH Holdings Corp., 4.750%, 10/15/10 80 73 ------ INSURANCE (0.1%) Metlife, Inc., 5.700%, 06/15/35 290 291 ------ INVESTMENT COMPANIES (0.1%) Credit Suisse First Boston USA, Inc., 6.500%, 01/15/12 480 513 ------ MEDIA (0.6%) Cox Communications, Inc., 4.625%, 06/01/13 720 671 News America Holdings, Inc., 9.250%, 02/01/13 630 765 News America Holdings, Inc., 6.200%, 12/15/34 270 268 Time Warner, Inc., 7.625%, 04/15/31 550 613 ------ 2,317 ------ MINING (0.2%) Codelco, Inc., 5.500%, 10/15/13 (d) 865 884 ------ MISCELLANEOUS MANUFACTURER (0.6%) General Electric Co., 5.000%, 02/01/13 2,450 2,449 ------
OIL & GAS (0.5%) Devon Financing Corp. ULC, 7.875%, 09/30/31 700 890 Enterprise Products Operating LP, Ser B, 6.875%, 03/01/33 545 577 Motiva Enterprises LLC, 5.200%, 09/15/12 (d) 240 242 Valero Energy Corp., 7.500%, 04/15/32 475 577 ------ 2,286 ------ PIPELINES (0.6%) Centerpoint Energy Resources Corp., Ser B, 7.875%, 04/01/13 880 1,007 K N Capital Trust III, 7.630%, 04/15/28 810 897 Kinder Morgan, Inc., 7.250%, 03/01/28 280 313 Panhandle Eastern Pipe Line Co. LLC, Ser B, 4.800%, 08/15/08 345 341 ------ 2,558 ------ REITS (0.1%) Simon Property Group LP, 6.375%, 11/15/07 365 373 ------ RETAIL (0.6%) Federated Department Stores, Inc., 6.900%, 04/01/29 300 326 Woolworths Ltd., 5.550%, 11/15/15 (d) 2,250 2,276 ------ 2,602 ------ TELECOMMUNICATIONS (1.1%) BellSouth Corp., 6.550%, 06/15/34 840 895 SBC Communications, Inc., 6.450%, 06/15/34 1,230 1,280 Telecom Italia Capital SA, 5.250%, 10/01/15 1,265 1,229 Verizon Global Funding Corp., 7.750%, 12/01/30 955 1,135 ------ 4,539 ------ TRANSPORTATION (0.1%) BNSF Funding Trust 1, 6.613%, 12/15/55, Callable 01/15/26 @ 100 365 380 ------ TOTAL CORPORATE BONDS (COST $37,796) 37,493 ------ U.S. GOVERNMENT AGENCIES (27.0%) FANNIE MAE (17.7%) 4.500%, 10/01/18 306 298 5.500%, 07/01/19 2,442 2,458 5.000%, 08/01/19 224 221 5.500%, 08/01/19 738 743 5.000%, 09/01/19 152 150 5.500%, 09/01/19 1,168 1,176 5.500%, 09/01/19 3,959 3,987 5.500%, 09/01/19 235 237 5.000%, 10/01/19 255 252 5.000%, 10/01/19 164 162 5.500%, 12/01/19 63 64 5.000%, 03/01/20 12,736 12,601 4.500%, 05/01/20 928 903
6.000%, 04/01/31 28 28 6.500%, 06/01/32 82 84 5.500%, 01/01/33 16,530 16,372 5.500%, 02/01/33 458 453 6.500%, 03/01/33 286 293 5.500%, 06/01/33 2,703 2,677 6.500%, 10/01/33 116 119 6.500%, 10/01/33 115 118 5.000%, 11/01/33 3,574 3,463 6.000%, 11/01/33 68 68 6.000%, 11/01/33 97 98 6.000%, 11/01/33 186 188 6.500%, 11/01/33 122 125 6.500%, 11/01/33 815 837 6.000%, 12/01/33 317 320 6.000%, 12/01/33 70 70 6.000%, 12/01/33 79 80 5.000%, 03/01/34 3,993 3,869 5.000%, 03/01/34 3,049 2,954 6.000%, 03/01/34 105 106 5.000%, 04/01/34 8,066 7,816 6.000%, 04/01/34 95 96 6.000%, 04/01/34 128 129 6.000%, 04/01/34 104 105 6.000%, 05/01/34 88 88 6.000%, 05/01/34 216 218 6.000%, 05/01/34 108 109 4.714%, 07/01/34 (b) 2,566 2,536 6.500%, 07/01/34 136 139 6.500%, 07/01/34 1,266 1,299 6.000%, 01/01/35 1,821 1,839 6.500%, 01/01/35 4,203 4,312 ------ 74,260 ------ FREDDIE MAC (8.7%) 4.500%, 05/01/18 4,890 4,771 4.500%, 12/01/18 3,356 3,273 8.500%, 03/01/20 1 1 6.000%, 01/01/29 86 87 6.000%, 12/01/31 1,533 1,553 6.500%, 07/01/32 165 169 6.000%, 12/01/32 964 974 6.000%, 04/01/33 1,528 1,543 5.000%, 07/01/33 214 208 6.000%, 10/01/33 33 33 6.000%, 12/01/33 131 132 6.000%, 01/01/34 276 278 6.000%, 01/01/34 73 74 6.000%, 01/01/34 93 94 6.000%, 02/01/34 419 423 6.500%, 05/01/34 2,733 2,801 6.000%, 06/01/34 154 155 6.000%, 07/01/34 136 138 6.000%, 07/01/34 1,050 1,061 6.000%, 08/01/34 30 30 6.000%, 08/01/34 168 170 6.000%, 01/13/35 (c) 8,364 8,445 6.000%, 04/01/35 5,953 6,013 4.500%, 08/01/35 4,020 3,782 ------ 36,208 ------ GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (0.6%) 5.500%, 02/15/33 2,445 2,462 ------
TOTAL U.S. GOVERNMENT AGENCIES (COST $114,185) 112,930 -------- U.S. TREASURY OBLIGATIONS (59.7%) U.S. TREASURY BONDS (1.9%) 5.375%, 02/15/31 7,110 7,987 -------- U.S. TREASURY INFLATION PROTECTED NOTES/BONDS (4.7%) 1.625%, 01/15/15 19,480 19,578 -------- U.S. TREASURY NOTES (53.1%) 1.875%, 01/31/06 10,555 10,539 3.125%, 05/15/07 23,780 23,368 4.250%, 11/30/07 11,580 11,546 5.625%, 05/15/08 28,900 29,689 4.375%, 11/15/08 1,795 1,795 3.375%, 12/15/08 25,780 25,070 6.000%, 08/15/09 25,880 27,275 4.250%, 10/15/10 21,625 21,512 4.500%, 11/15/10 13,925 14,000 4.250%, 08/15/13 22,310 22,110 4.250%, 11/15/14 8,045 7,951 4.500%, 11/15/15 5,585 5,631 6.250%, 08/15/23 12,980 15,500 6.125%, 11/15/27 4,825 5,822 -------- 221,808 -------- TOTAL U.S. TREASURY OBLIGATIONS (COST $250,561) 249,373 -------- REPURCHASE AGREEMENTS (4.9%) Lehman Brothers, Inc., 4.155%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $20,522,213 (collateralized by U.S. Government Agencies, DN, 04/01/32-04/01/33; total market value $20,924,025) 20,513 20,513 -------- TOTAL REPURCHASE AGREEMENTS (COST $20,513) 20,513 -------- TOTAL INVESTMENTS (COST $436,638) (A) - 103.8% 433,890 LIABILITIES IN EXCESS OF OTHER ASSETS - (3.8)% (15,760) -------- NET ASSETS - 100.0% $418,130 ========
---------- (a) Cost for federal income tax purposes is $ 437,276 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $ 381 Unrealized Depreciation.................. (3,767) ------- Unrealized Appreciation (Depreciation)... $(3,386) =======
(b) Variable rate security. Rate presented represents rate in effect at December 31, 2005. Maturity date represents actual maturity date. (c) This security was purchased on a when-issue basis. (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 PLC - Public Limited Company REIT - Real Estate Investment Trust Ser - Series SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FIXED INCOME FUNDS FLORIDA TAX-EXEMPT BOND FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------ MUNICIPAL BONDS (97.6%) FLORIDA (70.4%) Bay County Water System, RB, 5.000%, 09/01/17, Callable 09/01/15 @ 100, LOC: AMBAC $1,870 $2,020 Bay County Water System, RB, 5.000%, 09/01/18, Callable 09/01/15 @ 100, LOC: AMBAC 1,965 2,115 Brevard County School Board, COP, 5.500%, 07/01/17, Callable 07/01/12 @100, LOC: AMBAC 1,860 2,028 Brevard County School Board, COP, 5.500%, 07/01/18, Callable 07/01/12 @ 100, LOC: AMBAC 3,015 3,288 Brevard County Utility Authority, RB, 5.250%, 03/01/13, Callable 03/01/12 @ 100, LOC: FGIC 1,000 1,086 Brevard County Utility Authority, RB, 5.250%, 03/01/14, Callable 03/01/12 @ 100, LOC: FGIC 1,000 1,086 Broward County Parks & Land Preservation, GO, 5.000%, 01/01/15 2,500 2,721 Charlotte County Utilities, Ser B, RB, 3.550%, 10/01/21, LOC: FSA (b) 4,260 4,260 Collier County Water & Sewer District, Ser B, RB, 5.500%, 07/01/16, Callable 07/01/13 @ 100, LOC: FSA 2,125 2,346 Daytona Beach Utility Systems Authority, Ser D, RB, 5.250%, 11/15/15, Callable 11/15/12 @ 100, LOC: FSA 1,000 1,088 Deerfield Beach Water & Sewer Authority, Refunding & Improvement Project, RB, 6.125%, 10/01/06, LOC: FGIC 30 31 Escambia County Sales Tax Authority, RB, 5.250%, 10/01/15, Callable 10/01/12 @ 101, LOC: AMBAC 2,165 2,367 Florida State Board of Education, Capital Outlay, Public Education Project, GO, 9.125%, 06/01/14, ETM 950 1,297 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 1,052 Florida State Board of Education, Capital Outlay, Public Education Project, Ser B, GO, 5.500%, 06/01/15, Callable 06/01/11 @ 101 3,000 3,305
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 2,323 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 1,682 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 1,352 Florida State Board of Education, Capital Outlay, Ser C, GO, 7.100%, 06/01/07, Callable 06/01/06 @ 100, ETM 190 192 Florida State Board of Education, Lottery, Ser A, RB, 6.000%, 07/01/12, Callable 07/01/10 @ 101, LOC: FGIC 1,295 1,435 Florida State Board of Education, Lottery, Ser A, RB, 5.375%, 07/01/15, Callable 07/01/12 @ 101, LOC: FGIC 3,500 3,848 Florida State Boynton Beach, Utility System Authority, RB, 5.500%, 11/01/16, LOC: FGIC 1,310 1,488 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, LOC: FGIC 2,130 2,284 Florida State Housing Financing Authority, Homeowner Mortgage Project, Ser 7, RB, AMT, 5.200%, 01/01/31, Callable 07/01/09 @ 100, LOC: FSA 290 291 Greater Orlando Aviation Authority, 1,810 2,012 Airport Facilities, RB, AMT, 5.500%, 10/01/17, LOC: FGIC Hillsborough County Community Improvement Tax, RB, 5.000%, 11/01/25, Callable 11/01/13 @ 101, LOC: AMBAC 2,345 2,473 Hillsborough County Industrial Development Authority, University Community Hospital Project, RB, 6.500%, 08/15/19, LOC: MBIA 145 177 Jacksonville Electric Authority, Electrical Systems Project, Ser 3-A, RB, 5.250%, 10/01/13, Callable 10/01/07 @ 101 1,000 1,044 Jacksonville Health Facilities Authority, Charity Obligation Group, Ser C, RB, 5.750%, 08/15/13, Prerefunded 08/15/11 @ 101 3,090 3,357 Jacksonville Sales Tax, RB, 5.500%, 10/01/13, Callable 10/01/11 @ 100, LOC: AMBAC 1,435 1,574 Jacksonville Sales Tax, RB, 5.500%, 10/01/14, Callable 10/01/11 @ 100, LOC: AMBAC 1,200 1,312
Jacksonville Sales Tax, RB, 5.500%, 10/01/15, Callable 10/01/11 @ 100, LOC: AMBAC 1,550 1,696 JEA Electric System, Ser-3-A, RB, 5.500%, 10/01/41, Prerefunded 10/01/07 @ 100 4,500 4,672 JEA St. Johns River Power Park, Issue 2, Ser-21, RB, 5.000%, 10/01/13 1,900 2,058 JEA Water & Sewer Systems, Second Crossover, RB, 5.000%, 10/01/24, Callable 10/01/14 @ 100, LOC: MBIA 2,000 2,112 Kissimmee Utility Authority, Electric System, Refunding & Improvement, RB, 3.050%, 10/01/18, LOC: FSA (b) 3,625 3,625 Lee County Industrial Development Authority, Bonita Springs Utilities Project, RB, AMT, 5.750%, 11/01/10, Callable 11/01/06 @ 101, LOC: MBIA 1,480 1,519 Lee County Memorial Health Systems Hospital, Ser A, RB, 5.750%, 04/01/15, Callable 04/01/12 @ 100, LOC: FSA 1,000 1,113 Lee County Transportation Facility Authority, Ser A, RB, 5.500%, 10/01/13, Callable 10/01/11 @ 100, LOC: AMBAC 2,000 2,193 Lee County Transportation Facility Authority, Ser A, RB, 5.000%, 10/01/27, Callable 10/01/14 @ 100, LOC: AMBAC 6,000 6,312 Manatee County Improvement Project, RB, 5.000%, 10/01/23, Callable 10/01/14 @ 100, LOC: FGIC 2,095 2,217 Miami Parking Facilities Authority, RB, 5.250%, 10/01/15, LOC: MBIA 1,000 1,104 Ocala Capital Improvements, RB, 5.375%, 10/01/17, Callable 10/01/13 @ 100, LOC: AMBAC 1,610 1,769 Ocala Capital Improvements, RB, 5.375%, 10/01/18, Callable 10/01/13 @ 100, LOC: AMBAC 1,700 1,865 Orange County Health Facilities Authority, Ser C, RB, 6.250%, 10/01/16, LOC: MBIA 4,855 5,741 Orange County School Board, Ser A, COP, 5.500%, 08/01/18, Callable 08/01/12 @ 100, LOC: MBIA 2,335 2,549 Orange County Tourist Development Tax, RB, 5.500%, 10/01/11, Callable 10/1/09 @ 100, LOC: AMBAC 3,030 3,258 Orlando & Orange County Expressway Authority, Ser C-2, RB, 3.330%, 07/01/25 (b) 5,000 5,000 Osceola County Tourist Development Tax Authority, Ser A, RB, 5.500%, 10/01/15, Callable 10/01/12 @ 100, LOC: FGIC 1,000 1,104 Palm Beach County Criminal Justice Facility, RB, 5.000%, 06/01/15 1,865 2,034 Palm Beach County Land Acquisition Program, Ser A, GO, 5.375%, 06/01/13, Callable 06/01/11 @ 100 2,260 2,451
Palm Beach County Land Acquisition Program, Ser A, GO, 5.375%, 06/01/14, Callable 06/01/11 @ 100 1,050 1,141 Palm Beach County Land Acquisition Program, Ser A, GO, 5.500%, 06/01/16, Callable 06/01/11 @ 100 1,200 1,306 Palm Beach County School Board Authority, Ser C, COP, 5.500%, 08/01/14, Callable 08/01/12 @ 100, LOC: FSA 2,735 3,024 Pensacola Airport Authority, Ser A, RB, AMT, 6.250%, 10/01/09, LOC: AMBAC 505 548 Pensacola Airport Authority, Ser A, RB, AMT, 6.000%, 10/01/12, Callable 10/01/08 @ 102, LOC: MBIA 1,075 1,153 Plant City Utility Systems Authority, Refunding & Improvements Project, RB, 6.000%, 10/01/15, LOC: MBIA 400 459 Polk County School District Sales Tax Authority, RB, 5.250%, 10/01/15, Callable 10/01/14 @ 100, LOC: FSA 2,000 2,205 Polk County Utility Systems Authority, RB, 6.000%, 10/01/08, LOC: FGIC 1,430 1,490 Port Orange Water & Sewer Authority, RB, 5.000%, 10/01/16, Callable 10/01/12 @ 101, LOC: AMBAC 1,095 1,175 Tampa Guaranteed Entitlement Authority, RB, 6.000%, 10/01/18, LOC: AMBAC 500 571 Tampa Sales Tax Authority, Ser A, RB, 5.375%, 10/01/14, Callable 10/01/11 @ 101, LOC: AMBAC 1,640 1,798 ------- 126,196 ------- PUERTO RICO (27.2%) Puerto Rico Commonwealth Government Development Bank, RB, 3.400%, 12/01/15, LOC: MBIA (b) 2,000 2,000 Puerto Rico Commonwealth Highway & Transportation Authority, RB, 5.250%, 07/01/15, Callable 07/01/13 @ 100, LOC: FGIC 5,860 6,428 Puerto Rico Commonwealth Highway & Transportation Authority, Ser G, RB, 5.250%, 07/01/15, Callable 07/01/13 @ 100, LOC: FGIC 3,000 3,291 Puerto Rico Commonwealth Highway & Transportation Authority, Ser I, RB, 5.000%, 07/01/23, Callable 07/01/14 @ 100, LOC: FGIC 3,000 3,175 Puerto Rico Commonwealth Infrastructure Financing Authority, Special Tax, Ser C, RB, 5.500%, 07/01/15, LOC: AMBAC 1,000 1,132 Puerto Rico Commonwealth Infrastructure Financing Authority, Special Tax, Ser C, RB, 5.500%, 07/01/17, LOC: AMBAC 12,450 14,195
Puerto Rico Commonwealth Municipal Finance Agency, Ser A, RB, 5.250%, 08/01/14, Callable 08/01/12 @ 100, LOC: FSA 6,965 7,593 Puerto Rico Commonwealth Municipal Finance Agency, Ser A, RB, 5.250%, 08/01/16, Callable 08/01/12 @ 100, LOC: FSA 1,020 1,101 Puerto Rico Electric Power Authority, Ser KK, RB, 5.500%, 07/01/15, LOC: MBIA 3,885 4,398 Puerto Rico Municipal Finance Agency, Ser C, GO, 5.000%, 08/01/14, LOC: FSA 5,000 5,455 -------- 48,768 -------- TOTAL MUNICIPAL BONDS (COST $172,324) 174,964 -------- MONEY MARKETS (1.3%) SEI Tax Exempt Trust, Institutional 2,404,542 2,405 -------- Tax Free Fund TOTAL MONEY MARKETS (COST $2,405) 2,405 -------- TOTAL INVESTMENTS (COST $174,729) (A) - 98.9% 177,369 OTHER ASSETS IN EXCESS OF LIABILITIES - 1.1% 1,995 -------- NET ASSETS - 100.0% $179,364 ========
---------- (a) Cost for federal income tax purposes is $174,729 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $3,178 Unrealized Depreciation.................. (538) ------ Unrealized Appreciation (Depreciation)... $2,640 ======
(b) Variable rate security. Rate presented represents rate in effect at December 31, 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. LOC - Letter 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 GEORGIA TAX-EXEMPT BOND FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------ MUNICIPAL BONDS (96.7%) GEORGIA (88.8%) Association County Commissioners of Georgia Leasing Program, Georgia Public Purpose Project, COP, 5.250%, 04/01/21, Callable 04/01/14 @ 102 $2,680 $2,925 Athens Housing Authority, Student Housing Lease Project, RB, 5.250%, 12/01/21, Callable 12/01/12 @ 100, LOC: AMBAC 1,000 1,068 Atlanta Airport Passenger Facility Charge, Ser J, RB, 5.000%, 01/01/34, Callable 01/01/15 @ 100, LOC: FSA 3,500 3,626 Atlanta Airport Project, Ser A, RB, AMT, 5.375%, 01/01/19, Callable 07/01/14 @ 100, LOC: FSA 5,000 5,389 Atlanta Development Authority Student Housing, Ser A, 5.000%, 09/01/30, Callable 09/01/15 @ 100, LOC: XLCA 2,600 2,707 Atlanta Water & Sewer, RB, 5.250%, 01/01/27, Prerefunded 01/01/07 @ 101, LOC: FGIC 2,000 2,059 Augusta Water & Sewer Authority, RB, 5.250%, 10/01/34, Callable 10/01/14 @ 100, LOC: FSA 1,000 1,073 Barrow County, GO, 4.500%, 10/01/11, LOC: FGIC 1,255 1,317 Brunswick Water & Sewer, Refunding & Improvement Project, RB, 6.100%, 10/01/14, LOC: MBIA 1,000 1,154 Burke County Development Authority Pollution Control, Vogtle Project, RB, 3.350%, 10/01/32 (b) 1,260 1,260 Burke County Development Authority, Pollution Control, Vogtle Project, RB, 3.300%, 10/01/32 (b) 3,000 3,000 Carroll County Water Authority, Water & Sewer, RB, 5.250%, 07/01/22, Callable 07/01/15 @ 100, LOC: FSA 1,000 1,091 Carrollton Payroll Development Authority, UWG Campus Center, RB, 5.250%, 08/01/27, Callable 8/01/14 @ 100, LOC: MBIA 1,650 1,773 Central Valdosta Development Authority, Lowndes County Judicial Project, RB, 5.250%, 06/01/21, Callable 06/01/13 @ 102 1,885 2,045 Clarke County Hospital Authority, Athens Regional Medical Center Project, RB, 5.375%, 01/01/07, LOC: MBIA 1,425 1,454
Cobb County Development Authority, Kennesaw State University Project, RB, 5.000%, 07/15/29, Callable 07/15/14 @ 100, LOC: MBIA 2,250 2,357 Cobb County Development Authority, Kennesaw State University Project, Ser A, RB, 5.000%, 07/15/29, Callable 07/15/14 @ 100, LOC: MBIA 2,000 2,095 Cobb-Marietta County Coliseum & Exhibit Hall Project, RB, 5.500%, 10/01/12, LOC: MBIA 940 1,028 College Park Business & Industrial Development Authority, Civic Center Project, RB, 5.500%, 09/01/11, Prerefunded 09/01/10 @ 102: LOC, AMBAC 1,690 1,866 Coweta County Development Authority, Newnan Water, Sewer & Light Commission, RB, 5.000%, 07/01/25, Callable 07/01/15 @ 100, LOC: MBIA 1,000 1,053 Dalton Utilities, RB, 6.000%, 01/01/08, LOC: MBIA 3,240 3,407 De Kalb County Water & Sewer, Ser A, RB, 5.000%, 10/01/35, Callable 10/01/13 @ 100 2,585 2,685 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 1,052 Douglasville-Douglas County Water & Sewer Authority, RB, 5.625%, 06/01/15, Callable 12/01/15 @ 100, LOC: AMBAC 1,390 1,534 Douglasville-Douglas County Water & Sewer Authority, RB, 5.000%, 06/01/28, Callable 12/01/15 @ 100, LOC: MBIA 2,000 2,100 Forsyth County Hospital Authority, Baptist Health Care System Project, RB, 6.375%, 10/01/28, ETM 1,000 1,234 Fulton County Development Authority, Molecular Science Building Project, RB, 5.250%, 05/01/22, Callable 05/01/14 @ 100, LOC: MBIA 2,370 2,568 Fulton County Development Authority, Molecular Science Building Project, RB, 5.250%, 05/01/27, Callable 05/01/14 @ 100, LOC: MBIA 3,375 3,631 Fulton County Water & Sewer, RB, 5.000%, 01/01/24, Callable 01/01/14 @ 100, LOC: FGIC 2,000 2,105 Georgia Municipal Electric Authority, RB, 8.000%, 01/01/15, Callable 02/16/06 @ 100, ETM 1,900 2,438 Georgia State Private College & Universities Facilities Authority, Mercer University Project, RB, 6.400%, 11/01/11, LOC: MBIA, ETM 1,675 1,855 Gwinnett County Development Authority, Public Schools Project, COP, 5.250%, 01/01/21, Callable 01/01/14 @ 100, LOC: MBIA 2,910 3,141
Gwinnett County Hospital Authority, Gwinnett Hospital Systems Project, Ser B, RB, 5.000%, 10/01/24, Callable 10/01/14 @ 100 1,250 1,309 Gwinnett County Public Schools Project, COP, 5.250%, 01/01/25, Callable 01/01/14 @ 100, LOC: MBIA 1,500 1,610 Gwinnett County School District, Ser B, GO, 6.400%, 02/01/07 1,500 1,551 Habersham County School District, GO, 4.500%, 04/01/12, LOC: MBIA 1,335 1,403 Henry County Hospital Authority, Henry Medical Center Project, RB, 5.500%, 07/01/08, Prerefunded 07/01/07 @ 102, LOC: AMBAC 1,640 1,725 Henry County Water & Sewer, RB, 6.150%, 02/01/20, LOC: AMBAC 2,100 2,553 Metropolitan Atlanta Rapid Transit Authority, Ser E, RB, 7.000%, 07/01/11, ETM 3,595 4,089 Metropolitan Atlanta Rapid Transit Authority, Ser N, RB, 6.000%, 07/01/07 2,090 2,171 Milledgeville-Baldwin County Development Authority, Georgia College & State University Foundation, RB, 6.000%, 09/01/33, Callable 09/01/14 @ 101 2,355 2,553 Municipal Electric Authority of Georgia, Combustion, Ser A, RB, 5.000%, 11/01/24, Callable 11/01/07 @ 100 2,000 2,048 Newnan Hospital Authority, Newnan Hospital Project, RB, 5.500%, 01/01/16, Callable 01/01/13 @100, LOC: MBIA 2,435 2,660 Newnan Hospital Authority, Newnan Hospital Project, RB, 5.500%, 01/01/17, Callable 01/01/13 @ 100, LOC: MBIA 2,570 2,803 Oconee County Industrial Development Authority, OIIT Project, RB, 5.250%, 07/01/23, Callable 07/01/13 @ 100 1,295 1,379 Paulding County School District, GO, 6.000%, 02/01/10, LOC: MBIA 1,000 1,098 Paulding County School District, Ser A, GO, 6.625%, 02/01/07 1,000 1,035 Paulding County School District, Ser A, GO, 6.625%, 02/01/08 525 559 Rockdale County Water & Sewer Authority, RB, 5.000%, 07/01/29, Callable 07/01/15 @ 100, LOC: FSA 2,000 2,107 Savannah Economic Development Authority, AASU Compass Point LLC Project, RB,, 5.000%, 07/01/29, Callable 07/01/15 @ 100, LOC: XLCA 1,695 1,768 Upper Oconee Basin Water Authority, RB, 5.000%, 07/01/26, Callable 07/01/15 @ 100, LOC: MBIA 2,000 2,111
Valdosta & Lowndes County Hospital Authority, South Georgia Medical Center Project, RB, 5.250%, 10/01/27, Callable 10/01/12 @ 101, LOC: AMBAC 1,110 1,180 Vidalia Water & Sewer, RB, 6.000%, 07/01/07, ETM 605 629 Walker, Dade & Catoosa Counties Hutcheson Medical Project, Ser A, RB, 5.500%, 10/01/08, Callable 10/01/07 @ 102, LOC: FSA 1,370 1,444 -------- 107,875 -------- GUAM (1.0%) Guam International Airport Authority, Ser A, RB, AMT, 5.000%, 10/01/06, LOC: MBIA 1,250 1,265 -------- PUERTO RICO (6.9%) Puerto Rico Commonwealth Highway & Transportation Authority, Ser AA, RB, 5.000%, 07/01/06 5,080 5,120 Puerto Rico Commonwealth Public Buildings Authority, Government Facilities, Ser I, RB, 5.500%, 07/01/22, Callable 07/01/14 @ 100 3,000 3,226 -------- 8,346 -------- TOTAL MUNICIPAL BONDS (COST $113,764) 117,486 -------- MONEY MARKET FUNDS (1.9%) Federated Tax-Free Obligations Fund 2,256,306 2,256 SEI Tax Exempt Trust, Institutional Tax Free Fund 35,133 35 -------- TOTAL MONEY MARKET FUNDS (COST $2,291) 2,291 -------- TOTAL INVESTMENTS (COST $116,055) (A) - 98.6% 119,777 OTHER ASSETS IN EXCESS OF LIABILITIES - 1.4% 1,750 -------- NET ASSETS - 100.0% $121,527 ========
---------- (a) Cost for federal income tax purposes is $116,055 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $3,806 Unrealized Depreciation.................. (84) ------ Unrealized Appreciation (Depreciation)... $3,722 ======
(b) Variable rate security. Rate presented represents rate in effect at December 31, 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 LLC - Limited Liability Company LOC - Letter of Credit MBIA - Security insured by the Municipal Bond Insurance Association. RB - Revenue Bond Ser - Series XLCA - Security insured by XL Capital Assurance, Inc. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FIXED INCOME FUNDS HIGH INCOME FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------ CORPORATE BONDS (93.1%) ADVERTISING (0.4%) R.H. Donnelley Corp., 10.875%, 12/15/12, Callable 12/15/07 @ 105.44 $ 250 $ 282 ------ AUTO PART & EQUIPMENT (2.6%) Goodyear Tire & Rubber Co., (The), 9.000%, 07/01/15, Callable 07/01/10 @ 104.5 (d) 2,000 1,970 ------ BUILDING MATERIALS (3.7%) Ainsworth Lumber Co. Ltd., 7.250%, 10/01/12, Callable 10/01/08 @ 100.63 1,500 1,350 U.S. Concrete, Inc., 8.375%, 04/01/14, Callable 04/01/09 @ 104.19 1,500 1,496 ------ 2,846 ------ CHEMICALS (2.1%) Huntsman International LLC, 11.625%, 10/15/10, Callable 10/15/07 @ 105.81 250 285 Lyondell Chemical Co., Ser A, 9.625%, 05/01/07 100 104 Rockwood Specialties Group, Inc., 7.500%, 11/15/14, Callable 11/15/09 @ 103.75 1,250 1,245 ------ 1,634 ------ COMMERCIAL SERVICES (5.0%) Ashtead Holdings PLC, 8.625%, 08/01/15, Callable 08/01/10 @ 104.31 (d) 1,000 1,053 Hertz Corp. (The), 8.875%, 01/01/14, Callable 01/01/10 @ 104.44 (d) 220 224 Hertz Corp. (The), 10.500%, 01/01/16, Callable 01/01/11 @ 105.25 (d) (e) 205 211 Nationsrent, Inc., 9.500%, 05/01/15, Callable 05/01/10 @ 104.75 1,000 1,050 Rural/Metro Corp., 9.875%, 03/15/15, Callable 03/15/10 @ 104.94 (d) 1,250 1,275 ------ 3,813 ------ COMPUTERS (4.0%) Activant Solutions Holdings, Inc., 10.500%, 06/15/11, Callable 06/15/07 @ 105.25 1,425 1,560 Sungard Data Systems, Inc., 10.250%, 08/15/15, Callable 08/15/10 @ 105.13 (d) 1,500 1,500 ------ 3,060 ------ DIVERSIFIED FINANCIAL SERVICES (3.0%) CCM Merger, Inc., 8.000%, 08/01/13, Callable 08/01/09 @ 104 (d) (e) 95 91
Galaxy Entertainment Finance Co. Ltd., 9.875%, 12/15/12, Callable 12/15/09 @ 104.94 (d) 100 102 Iansa Overseas, 7.250%, 07/28/12, Callable 07/28/09 @ 103.63 (d) 1,000 970 RMCC Acquisition Co., 9.500%, 11/01/12, Callable 11/01/08 @ 104.75 (d) 1,150 1,155 ----- 2,318 ----- ELECTRIC (9.5%) AES Dominicana Energia SA, 11.000%, 12/13/15, Callable 12/13/10 @ 105.50 (d) 1,400 1,400 Aquila, Inc., 14.875%, 07/01/12 (e) 1,500 2,009 Edison Mission Energy, 10.000%, 08/15/08 500 548 FPL Energy National Wind, 6.125%, 03/25/19 (d) 243 238 Mirant North America LLC, 7.375%, 12/31/13, Callable 12/31/09 @ 103.69 (d) 335 339 PSEG Energy Holdings LLC, 10.000%, 10/01/09 250 275 Reliant Energy, Inc., 6.750%, 12/15/14, Callable 12/15/09 @ 103.38 1,390 1,213 Sierra Pacific Resources, 7.803%, 06/15/12, Callable 06/15/09 @ 103.90 160 169 Sithe/Independence Funding Corp., Ser A, 9.000%, 12/30/13 750 810 Tenaska Alabama Partners LP, 7.000%, 06/30/21 (d) 199 201 ----- 7,202 ----- ENTERTAINMENT (3.0%) Seneca Gaming Corp., 7.250%, 05/01/12, Callable 05/01/08 @ 103.63 (d) 90 91 Six Flags, Inc., 9.625%, 06/01/14, Callable 06/01/09 @ 104.81 (e) 2,250 2,188 ----- 2,279 ----- FOOD (5.5%) Pilgrim's Pride Corp., 9.625%, 09/15/11, Callable 09/15/06 @ 104.81 85 91 Pinnacle Foods Holding Corp., 8.250%, 12/01/13, Callable 12/01/08 @ 104.12 2,225 2,118 Stater Bros. Holdings, Inc., 8.125%, 06/15/12, Callable 06/15/08 @ 104.06 (e) 1,000 990 Swift & Co., 12.500%, 01/01/10, Callable 10/01/06 @ 106.25 1,000 1,053 ----- 4,252 ----- FOREST PRODUCTS & PAPER (3.2%) Appleton Papers, Inc., 8.125%, 06/15/11, Callable 06/15/08 @ 104.06 (e) 500 486 Appleton Papers, Inc., Ser B, 9.750%, 06/15/14, Callable 06/15/09 @ 104.88 1,500 1,403 Boise Cascade LLC, 7.025%, 10/15/12, Callable 10/15/06 @ 101 (b) 600 585 -----
2,474 ----- HEALTHCARE - PRODUCTS (5.0%) Accellent, Inc., 10.500%, 12/01/13, Callable 12/01/09 @ 105.25 (d) 940 964 MQ Associates, Inc., 11.108%, 08/15/12, Callable 08/15/08 @ 109 (c) (e) (g) 2,425 1,382 Universal Hospital Services, Inc., 10.125%, 11/01/11, Callable 11/01/07 @ 105.06 1,450 1,501 ----- 3,847 ----- HEALTHCARE - SERVICES (9.5%) PacifiCare Health Systems, Inc., 10.750%, 06/01/09, Callable 6/1/06 @ 105.38 125 134 Res-Care, Inc., 7.750%, 10/15/13, Callable 10/15/09 @ 103.88 (d) 2,000 2,000 Select Medical Corp., 7.625%, 02/01/15, Callable 02/01/10 @ 103.81 1,425 1,372 Skilled Healthcare Group, 11.000%, 01/15/14, Callable 01/15/10 @ 105.50 (d) 1,610 1,626 US Oncology, Inc., 10.750%, 08/15/14, Callable 08/15/09 @ 105.38 1,900 2,109 ----- 7,241 ----- HOLDING COMPANIES-DIVERSIFIED (2.8%) Leucadia National Corp., 7.000%, 08/15/13 500 498 Nell AF Sarl, 8.375%, 08/15/15, Callable 08/15/10 @ 104.19 (d) (e) 1,675 1,658 ----- 2,156 ----- INSURANCE (1.0%) AFC Capital Trust I, Ser B, 8.207%, 02/03/27 250 265 Markel Capital Trust I, Ser B, 8.710%, 01/01/46, Callable 01/01/07 @ 104.36 500 537 ----- 802 ----- LODGING (0.3%) Mandalay Resort Group, Ser B, 10.250%, 08/01/07 250 267 ----- MACHINERY DIVERSIFIED (3.7%) Chart Industries, Inc., 9.125%, 10/15/15, Callable 10/15/10 @ 104.56 (d) 1,250 1,275 NMGH Holding Co., 10.000%, 05/15/09, Callable 05/15/06 @ 105 1,500 1,598 ----- 2,873 ----- MEDIA (10.9%) Charter Communication Holdings LLC, 11.000%, Callable, 10/1/10 @ 105.5 10/01/15 (d) 1,500 1,260 Dex Media, Inc., 9.540%, 11/15/13, Callable 11/15/08 @ 104.50 (c) (g) 915 727 Houghton Mifflin Co., 10.432%, 10/15/13 (c) (e) (g) 2,850 2,236 Kabel Deutschland Gmbh, 10.625%, 07/01/14, Callable 07/01/09 @ 105.31 (d) 1,800 1,895
LIN Television Corp., Ser B, 6.500%, 05/15/13, Callable 05/15/08 @ 103.25 250 240 Mediacom LLC, 9.500%, 01/15/13, Callable 01/15/06 @ 104.75 (e) 2,000 1,952 ----- 8,310 ----- MISCELLANEOUS MANUFACTURER (2.3%) Clarke American Corp., 11.750%, 12/15/13, Callable 12/15/09 @ 105.88 (d) 1,390 1,390 Koppers, Inc., 9.875%, 10/15/13, Callable 10/15/08 @ 104.94 350 380 ----- 1,770 ----- OIL & GAS (0.4%) Compagnie Generale de Geophysique SA, 7.500%, 05/15/15, Callable 05/15/10 @ 103.75 150 155 Compton Petroleum Corp., 7.625%, 12/01/13, Callable 12/01/09 @ 103.81 (d) 155 159 ----- 314 ----- PACKAGING & CONTAINERS (0.7%) Ball Corp., 6.875%, 12/15/12, Callable 12/15/07 @ 103.44 100 103 Crown Cork & Seal Co., Inc., 7.375%, 12/15/26 500 458 ----- 561 ----- PIPELINES (0.1%) Targa Resources, Inc., 8.500%, 11/01/13, Callable 11/01/09 @ 104.25 (d) (e) 95 97 ----- REAL ESTATE (2.9%) American Real Estate Partners LP, 7.125%, 02/15/13, Callable 02/15/09 @ 103.56 (d) 450 450 CB Richard Ellis Group, Inc., 9.750%, 05/15/10, Callable 05/15/07 @ 104.88 413 450 Kimball Hill, Inc., 10.500%, 12/15/12, Callable 12/15/09 @ 105.25 (d) 1,375 1,355 ----- 2,255 ----- REITS (0.5%) Host Marriott Corp., Ser G, 9.250%, 10/01/07 315 333 Ventas Realty LP, 6.500%, 06/01/16, Callable 06/01/11 @ 103.25 (d) 55 55 ----- 388 ----- RETAIL (5.4%) Carrols Corp., 9.000%, 01/15/13, Callable 01/15/09 @ 104.50 (e) 1,735 1,687 Harry & David Holdings, Inc., 9.000%, 03/01/13, Callable 03/01/09 @ 104.50 1,500 1,504 Rite Aid Corp., 7.500%, 01/15/15, Callable 01/15/10 @ 103.75 1,000 945 ----- 4,136 ----- SEMICONDUCTORS (2.3%) Spansion LLC, 11.250%, 01/15/16, Callable 01/15/11 @ 105.62 (d) (e) 1,835 1,743 -----
TELECOMMUNICATIONS (3.3%) Dobson Communications Corp., 8.400%, 10/15/12, Callable 10/15/07 @102 (b) (d) (e) 1,000 995 PanAmSat Holdings Corp., 9.000%, 08/15/14, Callable 08/15/09 @ 104.50 250 262 Rogers Wireless, Inc., 7.250%, 12/15/12 185 194 Valor Telecommunications Enterprise LLC, 7.750%, 02/15/15, Callable 02/15/10 @ 103.88 1,000 1,045 -------- 2,496 -------- TOTAL CORPORATE BONDS (COST $71,817) 71,386 -------- PREFERRED STOCK (1.3%) RETAIL (1.3%) Rite Aid Corp. 50,000 1,025 -------- TOTAL PREFERRED STOCK (COST $1,255) 1,025 -------- SHORT-TERM INVESTMENTS (14.3%) CSFB Enhanced Liquidity Portfolio (f) 11,004,211 11,004 -------- TOTAL SHORT-TERM INVESTMENTS (COST $11,004) 11,004 -------- REPURCHASE AGREEMENTS (4.5%) Merrill Lynch & Co., Inc., 4.105%, dated 12/30/05, to be repurchased 01/03/06, repurchase price $3,469,878 (collateralized by U.S. Government Agencies, 5.000%, due 10/01/25; total market value $3,539,330) 3,468 3,468 -------- TOTAL REPURCHASE AGREEMENTS (COST $3,468) 3,468 -------- TOTAL INVESTMENTS (COST $87,544) (A) - 113.2% 86,883 LIABILITIES IN EXCESS OF OTHER ASSETS - (13.2)% (10,147) -------- NET ASSETS - 100.0% $ 76,736 ========
---------- (a) Cost for federal income tax purposes is $87,516 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $ 1,025 Unrealized Depreciation.................. (1,657) ------- Unrealized Appreciation (Depreciation)... $ (632) =======
(b) Variable rate security. Rate presented represents rate in effect at December 31, 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 December 31, 2005. The total value of securities on loan at December 31, 2005 in thousands was $10,416. (f) This security was purchased with cash collateral held from securities lending. (g) Step bond. LLC - Limited Liability Corporation LP - Limited Partnership PLC - Public Limited Company REIT - Real Estate Investment Trust Ser - Series SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS HIGH QUALITY BOND FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------ ASSET BACKED SECURITIES (2.8%) AUTOMOBILE ABS (1.7%) Chase Manhattan Auto Owner Trust, Ser 2003-B, Cl A4, 2.570%, 02/16/10 $550 $ 536 Daimler Chrysler Auto Trust, Ser 2003-B, Cl A4, 2.860%, 03/09/09 405 397 ------ 933 ------ CREDIT CARD ABS (1.1%) Citibank Credit Card Master Trust I, Ser 1998-2, Cl A, 6.050%, 01/15/10 550 564 ------ TOTAL ASSET BACKED SECURITIES (COST $1,497) 1,497 ------ CORPORATE BONDS (12.4%) AEROSPACE/DEFENSE (0.3%) United Technologies Corp., 4.875%, 05/01/15 165 163 ------ BANKS (0.9%) Bank of America Corp., 7.400%, 01/15/11 440 485 ------ BIOTECHNOLOGY (0.6%) Amgen, Inc., 4.000%, 11/18/09 315 305 ------ DIVERSIFIED FINANCIAL SERVICES (5.4%) American Express Co., 3.750%, 11/20/07 550 540 Caterpillar Financial Services Corp., 4.500%, 06/15/09 290 286 CIT Group, Inc., 5.125%, 09/30/14 195 192 Citigroup, Inc., 5.125%, 05/05/14 310 310 Goldman Sachs Group, Inc. (The), 4.750%, 07/15/13 405 393 Household Finance Corp., 6.375%, 11/27/12 380 404 JPMorgan Chase & Co., 6.625%, 03/15/12 395 426 Morgan Stanley, 5.300%, 03/01/13 380 381 ------ 2,932 ------ ELECTRIC (0.3%) Consolidated Edison Co. of New York, Inc., 4.700%, 06/15/09 145 144 ------ INSURANCE (0.2%) MetLife, Inc., 5.000%, 06/15/15 95 93 ------ INVESTMENT COMPANIES (0.4%) Credit Suisse First Boston USA, Inc., 6.500%, 01/15/12 175 187 ------
MISCELLANEOUS MANUFACTURER (2.0%) General Electric Co., 5.000%, 02/01/13 1,095 1,094 ------- RETAIL (0.5%) Wal-Mart Stores, Inc., 4.550%, 05/01/13 280 273 ------- TELECOMMUNICATIONS (1.8%) BellSouth Corp., 5.200%, 09/15/14 80 80 France Telecom SA, 7.750%, 03/01/11 95 106 SBC Communications, Inc., 5.100%, 09/15/14 140 137 SBC Communications, Inc., 5.625%, 06/15/16 120 121 Verizon Global Funding Corp., 7.250%, 12/01/10 465 504 ------- 948 ------- TOTAL CORPORATE BONDS (COST $6,698) 6,624 ------- U.S. GOVERNMENT AGENCIES (4.9%) FANNIE MAE (1.1%) 5.725%, 03/01/12 226 234 6.260%, 05/01/12 309 327 ------- 561 ------- GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (3.8%) 6.362%, 10/16/20 (b) 450 461 6.114%, 11/16/21 381 389 4.449%, 03/16/25 354 348 3.760%, 09/16/28 450 435 4.811%, 06/16/45 450 447 ------- 2,080 ------- TOTAL U.S. GOVERNMENT AGENCIES (COST $2,649) 2,641 ------- U.S. TREASURY OBLIGATIONS (76.8%) U.S. TREASURY INFLATION PROTECTED NOTES/BONDS (5.1%) 1.625%, 01/15/15 2,730 2,744 ------- U.S. TREASURY NOTES (71.7%) 3.125%, 05/15/07 9,720 9,551 5.625%, 05/15/08 2,830 2,907 3.375%, 12/15/08 7,740 7,527 3.125%, 04/15/09 300 289 6.000%, 08/15/09 7,365 7,762 4.250%, 10/15/10 4,880 4,854 4.250%, 08/15/13 5,355 5,307 ------- 38,197 ------- TOTAL U.S. TREASURY OBLIGATIONS (COST $41,345) 40,941 ------- MONEY MARKET FUNDS (2.5%) Federated Prime Value Money Market Fund 1,358,699 1,359 ------- TOTAL MONEY MARKET FUNDS (COST $1,359) 1,359 ------- TOTAL INVESTMENTS (COST $53,548) (A) - 99.4% 53,062 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.6% 313 ------- NET ASSETS - 100.0% $53,375 =======
---------- (a) Cost for federal income tax purposes is $53,571 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation...................... $ 10 Unrealized Depreciation...................... (519) ----- Unrealized Appreciation (Depreciation)....... $(509) =====
(b) Variable rate security. Rate presented represents rate in effect at December 31, 2005. Maturity date represents actual maturity date. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS INTERMEDIATE BOND FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------ ASSET BACKED SECURITIES (0.2%) HOME EQUITY ABS (0.2%) Cityscape Home Equity Loan Trust, Ser 1996-3, Cl A8, 7.650%, 09/25/25 $ 14 $ 14 Contimortgage Home Equity Loan Trust, Ser 1996-2, Cl A8, 7.900%, 07/15/27 84 84 Delta Funding Home Equity Loan Trust, Ser 1999-3, Cl A1F, 7.462%, 09/15/29 10 10 EQCC Home Equity Loan Trust, Ser 1999-3, Cl A7F, 7.448%, 08/25/30 7 7 New Century Home Equity Loan Trust, Ser 1999-NCB, Cl A7, 7.540%, 06/25/29 7 7 Soundview Home Equity Loan Trust, Ser 2001-1, Cl A, 6.265%, 04/15/31 19 19 ------ TOTAL ASSET BACKED SECURITIES (COST $144) 141 ------ COLLATERALIZED MORTGAGE OBLIGATIONS (0.6%) Citigroup/Deutsche Bank Commercial Mortgage Trust, Ser 2005-CD1, Cl A4, 5.225%, 07/15/44 (b) 415 419 ------ TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (COST $418) 419 ------ CORPORATE BONDS (16.7%) AEROSPACE/DEFENSE (0.4%) United Technologies Corp., 4.875%, 05/01/15 290 287 ------ AIRLINES (0.2%) Southwest Airlines Co., 5.125%, 03/01/17 165 154 ------ BANKS (1.5%) Bank of America Corp., 7.400%, 01/15/11 435 479 BNP US Funding LLC, 7.738%, 12/29/49, Callable 12/05/07 @ 100 (b)(d)(e) 260 272 Wells Fargo & Co., 5.125%, 02/15/07 330 331 ------ 1,082 ------ COMMERCIAL SERVICES (0.2%) ERAC USA Finance Co., 5.600%, 05/01/15(d) 120 120 ------ DIVERSIFIED FINANCIAL SERVICES (6.6%) CIT Group, Inc., 5.125%, 09/30/14 305 300
Citigroup, Inc., 5.125%, 05/05/14 345 345 Fund American Cos., Inc., 5.875%, 05/15/13 410 414 General Electric Capital Corp., 4.250%, 01/15/08 870 860 Goldman Sachs Group, Inc. (The), 4.750%, 07/15/13 365 354 Household Finance Corp., 4.125%, 12/15/08 675 659 John Deere Capital Corp., 3.900%, 01/15/08 115 113 JPMorgan Chase & Co., 6.625%, 03/15/12 390 420 Lazard Group LLC, 7.125%, 05/15/15 580 609 Morgan Stanley, 5.800%, 04/01/07 270 273 Morgan Stanley, 5.300%, 03/01/13 535 536 SLM Corp., 5.625%, 04/10/07 105 106 ----- 4,989 ----- ELECTRIC (1.2%) Carolina Power & Light, Inc., 5.250%, 12/15/15 365 365 Exelon Corp., 4.900%, 06/15/15 465 444 Northern States Power Co., 2.875%, 08/01/06 60 59 ----- 868 ----- ENTERTAINMENT (0.0%) GTECH Holdings Corp., 4.750%, 10/15/10 40 36 ----- INSURANCE (0.2%) MetLife, Inc., 5.000%, 06/15/15 150 147 ----- INVESTMENT COMPANIES (0.3%) Credit Suisse First Boston USA, Inc., 6.500%, 01/15/12 195 209 ----- MEDIA (0.6%) News America Holdings, Inc., 9.250%, 02/01/13 270 328 Time Warner, Inc., 9.125%, 01/15/13 95 112 ----- 440 ----- MINING (0.3%) Codelco, Inc., 5.500%, 10/15/13 (d) 190 194 ----- MISCELLANEOUS MANUFACTURER (0.3%) General Electric Co., 5.000%, 02/01/13 225 225 ----- OIL & GAS (0.9%) Enterprise Products Operating LP, Ser B, 5.600%, 10/15/14 300 299 Motiva Enterprises LLC, 5.200%, 09/15/12 (d) 110 111 Valero Energy Corp., 6.875%, 04/15/12 265 289 ----- 699 ----- PIPELINES (0.9%) Centerpoint Energy Resources Corp., Ser B, 7.875%, 04/01/13 270 309 Kinder Morgan, Inc., 6.500%, 09/01/12 340 360 -----
669 ------ RETAIL (1.0%) Federated Department Stores, 7.450%, 07/15/17 70 79 Woolworths Ltd., 5.550%, 11/15/15 (d) 675 683 ------ 762 ------ TELECOMMUNICATIONS (2.1%) BellSouth Corp., 5.200%, 09/15/14 230 229 SBC Communications, Inc., 5.100%, 09/15/14 235 230 SBC Communications, Inc., 5.625%, 06/15/16 150 151 Telecom Italia Capital SA, 5.250%, 10/01/15 380 369 Verizon Global Funding Corp., 7.250%, 12/01/10 515 558 ------ 1,537 ------ TOTAL CORPORATE BONDS (COST $12,529) 12,418 ------ U.S. GOVERNMENT AGENCIES (0.0%) FREDDIE MAC (0.0%) 6.500%, 08/01/08 35 36 ------ TOTAL U.S. GOVERNMENT AGENCIES (COST $36) 36 ------ U.S. TREASURY OBLIGATIONS (78.9%) U.S. TREASURY INFLATION PROTECTED NOTES/BONDS (4.7%) 1.625%, 01/15/15 3,470 3,488 ------ U.S. TREASURY NOTES (74.2%) 1.875%, 01/31/06 75 75 3.125%, 05/15/07 8,795 8,643 4.250%, 11/30/07 4,345 4,332 5.625%, 05/15/08 9,615 9,877 4.375%, 11/15/08 140 140 3.375%, 12/15/08 6,010 5,844 3.125%, 04/15/09 625 601 6.000%, 08/15/09 7,510 7,915 4.250%, 10/15/10 5,990 5,959 4.500%, 11/15/10 5,295 5,324 4.375%, 08/15/12 50 50 4.250%, 08/15/13 6,295 6,239 4.500%, 11/15/15 45 45 ------ 55,044 ------ TOTAL U.S. TREASURY OBLIGATIONS (COST $58,983) 58,532 ------ REPURCHASE AGREEMENTS (6.2%) Lehman Brothers, Inc., 4.155%, dated 12/30/05, to be repurchased on 01/03/05, repurchase price $4,608,598 (collateralized by U.S. Government Agencies, DN, 04/01/33; total market value $4,698,729 4,606 4,606 ------ TOTAL REPURCHASE AGREEMENTS (COST $4,606) 4,606 ------ TOTAL INVESTMENTS (COST $76,716) (A) - 102.6% 76,152
LIABILITIES IN EXCESS OF OTHER ASSETS - (2.6)% (1,956) ------- NET ASSETS - 100.0% $74,196 =======
---------- (a) Cost for federal income tax purposes is $76,829 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $ 0 Unrealized Depreciation.................. (677) ----- Unrealized Appreciation (Depreciation)... $(677) =====
(b) Variable rate security. Rate presented represents rate in effect at December 31, 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 FIXED INCOME FUNDS INVESTMENT GRADE BOND FUND Schedule of Portfolio Investments December 31, 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 $1,000 $ 945 ------- TOTAL ASSET BACKED SECURITIES (COST $908) 945 ------- COLLATERALIZED MORTGAGE OBLIGATIONS (0.6%) Citigroup/Deutsche Bank Commercial 2,995 3,026 ------- Mortgage Trust, Ser 2005-CD1, Cl A4, 5.225%, 07/15/44 (b) TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (COST $3,015) 3,026 ------- CORPORATE BONDS (17.4%) AEROSPACE/DEFENSE (0.5%) United Technologies Corp., 4.875%, 05/01/15 2,560 2,535 ------- AIRLINES (0.3%) Southwest Airlines Co., 5.125%, 03/01/17 (d) 1,490 1,391 ------- BANKS (0.7%) Bank of America Corp., 7.400%, 01/15/11 3,245 3,574 ------- COMMERCIAL SERVICES (0.2%) ERAC USA Finance Co., 5.600%, 05/01/15 (c) 1,130 1,125 ------- DIVERSIFIED FINANCIAL SERVICES (5.4%) CIT Group, Inc., 5.125%, 09/30/14 2,605 2,563 Citigroup, Inc., 5.125%, 05/05/14 1,300 1,300 Citigroup, Inc., 5.850%, 12/11/34 1,145 1,192 Fund American Cos., Inc., 5.875%, 05/15/13 3,465 3,496 Goldman Sachs Group, Inc. (The), 4.750%, 07/15/13 3,770 3,657 HSBC Holdings PLC, 7.625%, 05/17/32 1,425 1,775 John Deere Capital Corp., 3.900%, 01/15/08 760 745 JPMorgan Chase & Co., 6.625%, 03/15/12 4,195 4,521 Lazard Group LLC, 7.125%, 05/15/15 6,200 6,512 Morgan Stanley, 5.300%, 03/01/13 4,690 4,699 ------- 30,460 ------- ELECTRIC (1.2%) Exelon Corp., 5.625%, 06/15/35 (d) 4,055 3,822
Pacific Gas & Electric Co., 6.050%, 03/01/34 2,640 2,732 ----- 6,554 ----- ENTERTAINMENT (0.2%) GTECH Holdings Corp., 4.750%, 10/15/10 1,065 971 ----- INSURANCE (0.1%) Metlife, Inc., 5.700%, 06/15/35 620 622 ----- INVESTMENT COMPANIES (0.3%) Credit Suisse First Boston USA, Inc., 6.500%, 01/15/12 1,490 1,594 ----- MEDIA (1.0%) Cox Communications, Inc., 4.625%, 06/01/13 1,425 1,328 News America Holdings, Inc., 9.250%, 02/01/13 1,305 1,585 News America Holdings, Inc., 6.200%, 12/15/34 (d) 850 844 Time Warner, Inc., 7.625%, 04/15/31 1,450 1,615 ----- 5,372 ----- MINING (0.6%) Alcan, Inc., 5.750%, 06/01/35 1,325 1,290 Codelco, Inc., 5.500%, 10/15/13 (c) 1,900 1,943 ----- 3,233 ----- MISCELLANEOUS MANUFACTURER (1.2%) General Electric Co., 5.000%, 02/01/13 6,770 6,766 ----- OIL & GAS (1.1%) Devon Financing Corp. ULC, 7.875%, 09/30/31 (d) 1,790 2,274 Enterprise Products Operating LP, Ser B, 6.875%, 03/01/33 1,245 1,319 Motiva Enterprises LLC, 5.200%, 09/15/12 (c) 730 736 Valero Energy Corp., 7.500%, 04/15/32 1,250 1,519 ----- 5,848 ----- PIPELINES (1.0%) Centerpoint Energy Resources Corp., Ser B, 7.875%, 04/01/13 1,825 2,087 K N Capital Trust III, 7.630%, 04/15/28 2,220 2,458 Kinder Morgan, Inc., 7.250%, 03/01/28 (d) 650 728 ----- 5,273 ----- REITS (0.1%) Simon Property Group LP, 6.375%, 11/15/07 595 608 ----- RETAIL (1.2%) Federated Department Stores, Inc., 6.900%, 04/01/29 610 664 Woolworths Ltd., 5.550%, 11/15/15 (c) 5,910 5,978 ----- 6,642 ----- TELECOMMUNICATIONS (2.1%) BellSouth Corp., 6.550%, 06/15/34 2,205 2,349
SBC Communications, Inc., 6.450%, 06/15/34 3,230 3,361 Telecom Italia Capital SA, 5.250%, 10/01/15 (d) 3,305 3,210 Verizon Global Funding Corp., 7.750%, 12/01/30 2,435 2,894 ------ 11,814 ------ TRANSPORTATION (0.2%) BNSF Funding Trust 1, 6.613%, 12/15/55, Callable 01/15/26 @ 100 960 999 ------ TOTAL CORPORATE BONDS (COST $95,146) 95,381 ------ U.S. GOVERNMENT AGENCIES (5.0%) FANNIE MAE (1.6%) 3.250%, 02/15/09 1,000 958 3.800%, 07/14/10, Callable 02/13/06 @ 100 500 480 5.125%, 01/02/14 500 501 5.500%, 11/08/16, Callable 11/08/06 @ 100 1,250 1,233 6.250%, 02/28/17, Callable 02/28/07 @ 100 600 604 6.200%, 06/13/17, Callable 06/13/07 @ 100 1,000 1,014 5.750%, 11/07/17, Callable 05/07/06 @ 100 2,500 2,472 5.100%, 06/26/18, Callable 02/13/06 @ 100 1,500 1,440 5.500%, 04/23/24, Callable 02/13/06 @ 100 250 239 ------ 8,941 ------ FEDERAL HOME LOAN BANK (1.4%) 3.239%, 03/03/08 (b) 2,500 2,500 3.540%, 03/24/08, Callable 03/24/06 @ 100 (b) 2,000 1,981 4.400%, 03/30/11, Callable 03/30/06 @ 100 1,000 973 5.250%, 12/10/13, Callable 03/10/06 @ 100 1,250 1,235 5.000%, 05/08/18, Callable 02/08/06 @ 100 1,000 974 ------ 7,663 ------ FREDDIE MAC (1.9%) 7.000%, 05/01/07 8 8 4.050%, 11/17/09 700 683 6.250%, 06/25/10, Callable 06/25/07 @ 100 1,000 1,020 4.650%, 08/27/10, Callable 02/27/06 @ 100 500 493 4.500%, 12/16/10 1,000 988 6.375%, 08/01/11, Callable 08/01/06 @ 100 3,000 3,016 4.650%, 10/10/13, Callable 10/10/06 @ 100 1,000 966 6.000%, 06/27/17, Callable 06/27/07 @ 100 1,000 1,013 5.550%, 10/30/17, Callable 02/06/06 @ 100 1,000 979
5.200%, 03/05/19, Callable 03/05/09 @ 100 1,200 1,171 --------- 10,337 --------- GINNIE MAE (0.1%) 7.000%, 04/15/13 290 302 7.000%, 08/15/14 166 174 7.000%, 05/15/31 78 82 --------- 558 --------- TOTAL U.S. GOVERNMENT AGENCIES (COST $27,777) 27,499 --------- U.S. TREASURY OBLIGATIONS (75.7%) U.S. TREASURY BONDS (10.2%) 6.250%, 08/15/23 (d) 24,125 28,809 6.125%, 11/15/27 9,575 11,554 5.375%, 02/15/31 (d) 14,040 15,771 --------- 56,134 --------- U.S. TREASURY INFLATION PROTECTED NOTES/BONDS (5.3%) 1.625%, 01/15/15 28,875 29,021 --------- U.S. TREASURY NOTES (60.2%) 1.875%, 01/31/06 (d) 10,230 10,214 3.125%, 05/15/07 (d) 64,555 63,439 4.250%, 11/30/07 (d) 39,855 39,738 5.625%, 05/15/08 (d) 41,975 43,119 4.375%, 11/15/08 (d) 5,440 5,441 3.375%, 12/15/08 (d) 17,865 17,373 3.125%, 04/15/09 (d) 1,120 1,077 6.000%, 08/15/09 (d) 32,340 34,083 4.250%, 10/15/10 (d) 33,215 33,041 4.500%, 11/15/10 (d) 38,985 39,195 4.250%, 08/15/13 (d) 33,055 32,759 4.500%, 11/15/15 (d) 11,915 12,013 --------- 331,492 --------- TOTAL U.S. TREASURY OBLIGATIONS (COST $417,530) 416,647 --------- SHORT-TERM INVESTMENTS (44.6%) CSFB Enhanced Liquidity Portfolio (e) 244,975,855 244,976 --------- TOTAL SHORT-TERM INVESTMENTS (COST $244,976) 244,976 --------- REPURCHASE AGREEMENTS (0.6%) Morgan Stanley, 4.155%, dated 12/30/05, to be repurchased on 01/03/05, repurchase price $3,521,762 (collateralized by U.S. Government Agencies, 4.500%-6.500%, 12/01/15-12/01/35; total market value $3,606,482) 3,520 3,520 --------- TOTAL REPURCHASE AGREEMENTS (COST $3,520) 3,520 --------- TOTAL INVESTMENTS (COST $792,872) (A) - 144.1% 791,994 LIABILITIES IN EXCESS OF OTHER ASSETS - (44.1)% (242,298) --------- NET ASSETS - 100.0% $ 549,696 =========
---------- (a) Cost for federal income tax purposes is $794,232 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $ 2,275 Unrealized Depreciation.................. (4,513) ------- Unrealized Appreciation (Depreciation)... $(2,238) =======
(b) Variable rate security. Rate presented represents rate in effect at December 31, 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 December 31, 2005. The total value of securities on loan at December 31, 2005 in thousands was $237,149. (e) This security was purchased with cash collateral held from securities lending. Cl - Class LLC - Limited Liability Corporation LP - Limited Partnership PLC - Public Limited Company REIT - Real Estate Investment Trust Ser - Series SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. The investment concentrations for the International Equity Index Fund as a percentage of net assets, by industry, as of December 31, 2005, were as follows (unaudited): Consumer Discretionary 12.1% Consumer Staples 5.2 Energy 6.7 Financials 26.9 Health Care 5.1 Industrials 10.1 Information Technology 6.2 Materials 7.4 Short-Term Investments 13.9 Telecommunication Services 6.1 Utilities 6.0
STI CLASSIC FIXED INCOME FUNDS INVESTMENT GRADE TAX-EXEMPT BOND FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------- MUNICIPAL BONDS (94.2%) ALABAMA (5.9%) Alabama Public School & College Authority, Capital Improvements, Ser C, RB, 5.750%, 07/01/17, Callable 07/01/09 @ 101.50 $ 3,950 $ 4,281 Alabama Water Pollution Control Authority, RB, 5.750%, 08/15/12, Callable 08/15/09 @ 100, LOC: AMBAC 5,205 5,594 Auburn University, Ser A, RB, 6.000%, 06/01/16, Callable 06/01/11 @ 100, LOC: MBIA 4,060 4,527 Huntsville, Ser A, GO, 5.625%, 05/01/16, Callable 05/01/12 @ 102 2,375 2,661 Huntsville, Ser A, GO, 5.750%, 05/01/19, Callable 05/01/12 @ 102 2,800 3,142 ------- 20,205 ------- ARIZONA (5.5%) Arizona Water Infrastructure Finance Authority, Water Quality, Ser A, RB, 5.625%, 10/01/12, Callable 10/01/09 @ 101 3,280 3,547 Maricopa County Unified School District 69, Paradise Valley, Ser 2, GO, 5.000%, 07/01/15, LOC: FSA 2,000 2,183 Phoenix Civic Improvement Corp., Wastewater System, RB, 5.000%, 07/01/17, Callable 07/01/14 @ 100, LOC: MBIA 3,860 4,142 Scottsdale Municipal Property Corp., Excise Tax, RB, 5.000%, 07/01/15 3,775 4,118 Scottsdale Municipal Property Corp., Excise Tax, RB, 5.000%, 07/01/16 4,280 4,680 ------- 18,670 ------- CALIFORNIA (8.3%) California State Department of Transportation, Federal Highway Grant, Ser A, RB, 5.000%, 02/01/15, LOC:FGIC 8,000 8,735 California State, GO, 5.500%, 11/01/33, Callable 11/01/13 @ 100 11,000 12,032 Fresno Unified School District, Ser A, GO, 6.550%, 08/01/20, Callable 02/01/13 @ 103, LOC: MBIA 1,950 2,314 Orange County Loma Ridge/Data Center Project, COP, 6.000%, 06/01/21, 2,075 2,417
Prerefunded 06/01/19 @ 100, LOC: AMBAC San Diego Community College District, Election of 2002, GO, 5.000%, 05/01/18, Callable 05/01/15 @ 100, LOC: FSA 2,640 2,842 ------ 28,340 ------ COLORADO (1.6%) Douglas County School District No RE1, Douglas & Ebert Counties, GO, 5.750%, 12/15/20, Callable 12/15/14 @ 100, LOC: FGIC 2,540 2,884 Metro Wastewater Reclamation District, RB, 5.450%, 04/01/12, Callable 04/01/08 @ 100 2,570 2,679 ------ 5,563 ------ CONNECTICUT (3.1%) Connecticut State, Ser E, GO, 5.500%, 11/15/13, Callable 11/15/12 @ 100 9,500 10,547 ------ FLORIDA (2.7%) Florida State Board of Education, Ser B, RB, 6.000%, 07/01/14, Prerefunded 07/01/10 @ 101 2,795 3,120 Lee County Transportation Facility Authority, Ser A, RB, 5.000%, 10/01/27, Callable 10/01/14 @ 100, LOC: AMBAC 1,000 1,052 St. Petersburg Health Facilities Authority, All Childrens Hospital, Ser B, RB, 3.200%, 11/15/34, LOC: AMBAC (b) 5,000 5,000 ------ 9,172 ------ GEORGIA (7.2%) Forsyth County School District, GO, 5.000%, 02/01/15, LOC: MBIA 3,200 3,499 Gainesville Water & Sewer, RB, 5.000%, 11/15/14, LOC: FSA 3,360 3,661 Georgia State Finance & Investment Commission, Ser B, GO, 5.000%, 07/01/17, Callable 07/01/15 @ 100 16,000 17,400 ------ 24,560 ------ ILLINOIS (1.0%) Illinois State Sales Tax, Ser X, RB, 5.500%, 06/15/13, Callable 06/15/07 @ 101 3,390 3,520 ------ INDIANA (0.5%) Indiana State Finance Authority, Revolving Fund Program, Ser A, 5.000%, 02/01/13 1,500 1,619 ------ IOWA (0.7%) Des Moines Public Parking System, Ser A, RB, 6.375%, 06/01/18, Callable 06/01/10 @ 100, LOC: FGIC 2,005 2,234 ------ LOUISIANA (1.3%) Louisiana State, Ser A, GO, 5.000%, 10/15/16, Prerefunded 10/15/14 @ 100 4,000 4,362 ------ MASSACHUSETTS (1.6%) Boston Massachusetts, Ser A, GO, 5.000%, 01/01/10 5,095 5,404
Massachusetts Water Pollution Abatement Trust, Pool Program, Ser 6, RB, 5.625%, 08/01/16, Callable 08/01/10 @ 101 145 158 ------ 5,562 ------ MICHIGAN (1.8%) Detroit Sewer Disposal System, Ser B, RB, 3.490%, 07/01/23, LOC: MBIA (b) 2,700 2,700 Michigan Municipal Bond Authority, Clean Water State Revolving Fund, RB, 5.375%, 10/01/17, Callable 10/01/12 @ 100 3,300 3,586 ------ 6,286 ------ MISSOURI (2.8%) Missouri State Highways & Transit Commission, Ser A, RB, 5.625%, 02/01/18, Callable 02/01/11 @ 100 8,885 9,641 ------ NEW JERSEY (5.5%) Garden State Preservation Trust, Open Space & Farmland Preservation, Ser A, RB, 5.800%, 11/01/19, Callable 11/01/15 @ 100 2,000 2,313 Garden State Preservation Trust, Open Space & Farmland Preservation, Ser A, RB, 5.800%, 11/01/20, Callable 11/01/15 @100, LOC: FSA 10,000 11,570 New Jersey Economic Development Authority, School Facilities Construction, Ser G, RB, 5.000%, 09/01/14, Callable 09/01/13 @ 100, LOC: MBIA 4,500 4,844 ------ 18,727 ------ NEW YORK (16.1%) Buffalo School Improvements, Ser D, GO, 5.500%, 12/15/14, Callable 12/15/11 @ 100, LOC: FGIC 1,075 1,178 Long Island Power Authority, Electric Systems, Ser 7, Sub-Ser 7A, RB, 3.430%, 04/01/25 (b) 10,000 10,000 Metropolitan Transportation Authority, Ser G-1, RB, 3.450%, 11/01/26, LOC: AMBAC (b) 12,700 12,700 New York City, Ser A, GO, 6.250%, 08/01/08, Callable 08/01/06 @ 101.50, LOC: MBIA 11,000 11,342 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 10,417 Tobacco Settlement Financing Corp., Ser A1, RB, 5.500%, 06/01/14, Callable 06/01/09 @ 100 2,000 2,123 Tobacco Settlement Financing Corp., Ser C1, RB, 5.250%, 06/01/12, Callable 06/01/07 @ 100 6,720 6,901 ------ 54,696 ------ OHIO (0.5%) Ohio State Water Development 1,520 1,553 ------
Authority, Fresh Water Improvement Project, RB, 5.700%, 06/01/08, Callable 06/01/06 @ 101, LOC: AMBAC OKLAHOMA (0.5%) Oklahoma State Capitol Improvement Authority, State Facilities, Higher Education Projects, Ser F, RB, 5.000%, 07/01/18, Callable 07/01/15 @ 100, LOC: AMBAC 1,500 1,614 ------ PENNSYLVANIA (2.4%) Pennsylvania State Turnpike Commission, Registration Fee, RB, 5.375%, 07/15/14, Callable 07/15/11 @ 101, LOC: AMBAC 2,000 2,198 Pennsylvania State Turnpike Commission, Ser T, RB, 5.500%, 12/01/10 5,515 6,029 ------ 8,227 ------ PUERTO RICO (13.2%) Puerto Rico Commonwealth Electric Power Authority, Ser RR, RB, 5.000%, 07/01/23, Callable 07/01/15 @ 100, LOC: FGIC 6,500 6,925 Puerto Rico Commonwealth Highway & Transportation Authority, RB, 5.250%, 07/01/15, Callable 07/01/13 @ 100, LOC: FGIC 5,000 5,485 Puerto Rico Commonwealth Highway & Transportation Authority, RB, 5.250%, 07/01/17, Callable 07/01/13 @ 100, LOC: FGIC 5,260 5,746 Puerto Rico Commonwealth Highway & Transportation Authority, Ser G, RB, 5.250%, 07/01/15, Callable 07/01/13 @ 100, LOC: FGIC 2,720 2,984 Puerto Rico Commonwealth Municipal Finance Agency, Ser A, GO, 5.000%, 08/01/10 4,000 4,199 Puerto Rico Commonwealth Municipal Finance Agency, Ser A, RB, 5.250%, 08/01/14, Callable 08/01/12 @ 100, LOC: FSA 4,000 4,362 Puerto Rico Commonwealth Municipal Finance Agency, Ser C, GO, 5.000%, 08/01/13, LOC: FSA 5,000 5,434 Puerto Rico Commonwealth Public Improvement, Ser A, GO, 5.500%, 07/01/15, LOC: MBIA 8,500 9,622 ------ 44,757 ------ SOUTH CAROLINA (2.0%) Clemson University, RB, 6.250%, 05/01/15, Callable 05/01/09 @ 101, LOC: AMBAC 2,725 2,994 Scago Educational Facilities Corp., Spartanburg County School District, RB, 5.000%, 04/01/18, Callable 10/01/15 @ 100 3,640 3,890 ------ 6,884 ------
TEXAS (8.4%) Conroe Independent School District, GO, 5.125%, 02/15/19, Prerefunded 02/15/09 @ 100 3,000 3,154 Irving Waterworks & Sewer, RB, 5.950%, 06/15/19, Callable 06/15/09 @ 100.50 1,460 1,577 North Harris County Regional Water Authority, RB, 5.250%, 12/15/18, Callable 12/15/14 @ 100, LOC: MBIA 2,690 2,924 Richardson Texas, GO, 5.250%, 02/15/17, Callable 02/15/15 @ 100, LOC: MBIA 2,665 2,911 Texas State, TAN & RAN, GO, 4.500%, 08/31/06 17,750 17,889 -------- 28,455 -------- WISCONSIN (1.6%) Milwaukee Metropolitan Sewage District, Sewage System, Ser A, GO, 4.875%, 10/01/21, Prerefunded 10/01/11 @ 100 5,095 5,440 -------- TOTAL MUNICIPAL BONDS (COST $317,582) 320,634 -------- MONEY MARKET FUNDS (4.8%) Federated Tax-Free Obligations Fund 16,277,881 16,278 -------- TOTAL MONEY MARKET FUNDS (COST $16,278) 16,278 -------- TOTAL INVESTMENTS (COST $333,860) (A) - 99.0% 336,912 OTHER ASSETS IN EXCESS OF LIABILITIES - 1.0% 3,241 -------- NET ASSETS - 100.0% $340,153 ========
---------- (a) Cost for federal income tax purposes is $333,860 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $3,580 Unrealized Depreciation.................. (528) ------ Unrealized Appreciation (Depreciation)... $3,052 ======
(b) Variable rate security. Rate presented represents rate in effect at December 31, 2005. Maturity date represents actual maturity date. AMBAC - Security insured by the American Municipal Bond Assurance Corporation. COP - Certificate of Participation FGIC - Security insured by the Financial Guaranty Insurance Company. FSA - Security insured by Financial Security Assurance. GO - General Obligation LOC - Letter of Credit 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 FUNDS LIMITED DURATION FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------- ASSET BACKED SECURITIES (29.9%) AUTOMOBILE ABS (1.6%) WFS Financial Owner Trust, Ser 2005-1, Cl A2, 3.190%, 12/17/07 $ 858 $ 855 ------- CREDIT CARD ABS (22.3%) American Express Credit Account Master Trust, Ser 2001-1, Cl A, 4.260%, 09/15/08 (b) 1,331 1,331 American Express Credit Account Master Trust, Ser 2003-3, Cl A, 4.480%, 11/15/10 (b) 1,200 1,203 BA Master Credit Card Trust, Ser 2001, Cl A, 4.490%, 06/15/08 (b) 2,500 2,501 Chase Issuance Trust, Ser 2005-A1, Cl A1, 4.379%, 12/15/10 (b) 2,200 2,200 First USA Credit Card Master Trust, Ser 1997-8, Cl A, 4.520%, 05/17/10 (b) 2,516 2,522 MBNA Credit Card Master Trust, Ser 2002-A13, Cl A, 4.499%, 05/17/10 (b) 2,500 2,506 ------- 12,263 ------- DIVERSIFIED FINANCIAL SERVICES (1.9%) SLM Student Loan Trust, Ser 2004-8, Cl A3, 4.290%, 07/27/15 1,022 1,024 ------- FANNIE MAE (2.6%) Guarantor Trust, Ser 2002-T10, Cl A1, 4.500%, 06/25/32 (b) 1,422 1,421 ------- FREDDIE MAC (1.5%) Structured Pass Thru Securities, Ser T-49, Cl AV, 4.529%, 12/25/32 (b) 820 820 ------- TOTAL ASSET BACKED SECURITIES (COST $16,389) 16,383 ------- U.S. TREASURY OBLIGATIONS (65.5%) U.S. TREASURY BONDS (9.2%) 9.375%, 02/15/06 5,000 5,030 ------- U.S. TREASURY NOTES (56.3%) 1.875%, 01/31/06 6,000 5,991 5.625%, 02/15/06 5,700 5,711 1.625%, 02/28/06 6,000 5,978 1.500%, 03/31/06 6,850 6,806 2.250%, 04/30/06 6,500 6,458 ------- 30,944 ------- TOTAL U.S. TREASURY OBLIGATIONS (COST $35,981) 35,974 ------- REPURCHASE AGREEMENTS (6.0%)
Lehman Brothers, Inc., 4.155%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $3,272,855 (collateralized by U.S. Government Agencies, DN, due 04/01/33; total market value $3,337,691) 3,271 3,271 ------- TOTAL REPURCHASE AGREEMENTS (COST $3,271) 3,271 ------- TOTAL INVESTMENTS (COST $55,641) (A) - 101.4% 55,628 LIABILITIES IN EXCESS OF OTHER ASSETS - (1.4)% (788) ------- NET ASSETS - 100.0% $54,840 =======
---------- (a) Cost for federal income tax purposes is $55,640 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $ 5 Unrealized Depreciation ................. (16) ---- Unrealized Appreciation (Depreciation)... $(11) ====
(b) Variable rate security. Rate presented represents rate in effect at December 31, 2005. Maturity date represents actual maturity date. Cl - Class DN - Discount Note Ser - Series SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FIXED INCOME FUNDS LIMITED-TERM FEDERAL MORTGAGE SECURITIES FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- -------- U.S. GOVERNMENT AGENCIES (96.9%) FANNIE MAE (64.1%) 6.500%, 12/01/08 $ 2,746 $ 2,838 3.500%, 04/25/11 21,235 20,890 7.500%, 09/01/12 5,476 5,713 6.500%, 06/01/13 546 562 6.000%, 09/01/13 1,093 1,117 4.000%, 11/01/13 10,149 9,819 4.500%, 03/01/14 16,863 16,578 6.000%, 09/01/16 7,715 7,883 6.500%, 10/01/16 1,150 1,183 5.500%, 12/01/16 3,147 3,170 6.000%, 08/01/17 2,005 2,050 6.000%, 10/01/17 3,864 3,950 6.000%, 10/01/17 1,258 1,286 6.000%, 05/01/19 2,040 2,084 6.000%, 06/01/19 5,785 5,912 5.500%, 07/01/19 2,808 2,827 5.500%, 07/01/19 8,194 8,247 5.500%, 08/01/19 3,654 3,678 5.500%, 10/01/19 4,968 5,001 5.500%, 06/01/20 9,680 9,742 6.000%, 11/01/20 6,324 6,462 3.500%, 10/25/21 20,281 19,981 5.500%, 03/01/24 7,172 7,163 7.000%, 05/01/32 5,907 6,166 6.500%, 12/01/32 4,006 4,117 4.119%, 05/01/33 (b) 6,072 5,998 3.968%, 06/01/33 (b) 10,353 10,151 4.103%, 08/01/33 (b) 13,330 13,187 5.000%, 11/01/33 10,125 9,845 6.000%, 11/01/33 2,072 2,094 3.242%, 05/01/34 (b) 9,518 9,357 4.552%, 05/01/34 (b) 2,892 2,849 4.025%, 06/01/34 (b) 5,505 5,379 4.253%, 06/01/34 (b) 3,318 3,267 7.000%, 06/01/34 5,552 5,792 6.000%, 02/01/35 2,863 2,890 6.000%, 08/01/35 11,179 11,285 -------- 240,513 -------- FREDDIE MAC (31.4%) 5.250%, 01/15/06 (c) 17,250 17,252 3.625%, 09/15/06 (c) 16,000 15,884 3.500%, 02/15/11 8,333 8,247 7.000%, 11/01/16 921 956 6.500%, 02/01/17 2,595 2,667 5.500%, 05/01/17 5,001 5,037 6.000%, 07/01/17 2,948 3,009 4.500%, 05/01/18 8,037 7,841
5.000%, 02/15/19 13,479 13,476 4.500%, 10/15/27 10,000 9,890 6.000%, 12/01/31 17,009 17,220 6.500%, 09/01/32 4,257 4,370 3.351%, 07/01/33 (b) 3,209 3,249 6.000%, 01/01/34 4,050 4,091 4.242%, 05/01/34 (b) 5,151 4,971 -------- 118,160 -------- GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (1.4%) 7.000%, 07/15/31 360 378 7.000%, 09/15/31 892 936 5.500%, 12/15/32 4,047 4,080 -------- 5,394 -------- TOTAL U.S. GOVERNMENT AGENCIES (COST $369,002) 364,067 -------- SHORT-TERM INVESTMENTS (9.1%) CSFB Enhanced Liquidity Portfolio (d) 34,364,688 34,365 -------- TOTAL SHORT-TERM INVESTMENTS (COST $34,365) 34,365 -------- REPURCHASE AGREEMENTS (5.4%) Merril Lynch & Co., Inc., 4.105%, dated 12/30/05, to be repurchased 01/03/06, repurchase price $9,033,460 (collateralized by U.S. Government Agencies, 6.255%, due 09/01/13; total market value $9,214,029) 9,029 9,029 Morgan Stanley, 4.155%, dated 12/30/05, to be repurchased 01/03/06, repurchase price $11,458,469 (collateralized by U.S. Government Agencies, 4.500%-7.000%, due 06/01/14-10/01/35; total market value $11,914,746) 11,453 11,454 -------- TOTAL REPURCHASE AGREEMENTS (COST $20,483) 20,483 -------- TOTAL INVESTMENTS (COST $423,850) (A) - 111.4% 418,915 LIABILITIES IN EXCESS OF OTHER ASSETS - (11.4)% (43,005) -------- NET ASSETS - 100.0% $375,910 ========
---------- (a) Cost for federal income tax purposes is $423,850 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $ 214 Unrealized Depreciation.................. (5,149) ------- Unrealized Appreciation (Depreciation)... $(4,935) =======
(b) Variable rate security. Rate presented represents rate in effect at December 31, 2005. Maturity date represents actual maturity date. (c) This security or a partial position of the security was on loan at December 31, 2005. The total value of securities on loan at December 31, 2005 in thousands was $33,138. (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 December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------ MUNICIPAL BONDS (97.9%) MARYLAND (92.7%) Annapolis Public Improvement, GO, 5.000%, 04/01/08 $1,000 $1,037 Anne Arundel County Special Obligation, Arundel Mills Project, RB, 5.125%, 07/01/22, Callable 07/01/14 @ 100, County Guaranteed 1,000 1,075 Baltimore Parking System Facilities, Ser A, RB, 5.900%, 07/01/13, LOC: FGIC 900 1,023 Calvert County Public Improvement, GO, 5.000%, 07/15/08 1,000 1,041 Charles County, County Commissioner, Public Improvement, GO, 5.000%, 03/01/14 1,000 1,093 Frederick County Educational Facilities, Mount St. Mary's University, RB, 5.625%, 09/01/38, Callable 09/01/16 @ 100 500 520 Frederick County, Public Facilities, GO, 5.000%, 12/01/16, Callable 12/01/15 @ 100 1,000 1,094 Harford County, GO, 5.000%, 07/15/25, Callable 07/15/15 @ 100 1,000 1,061 Howard County, Metropolitan District Project, Ser A, GO, 5.250%, 08/15/13, Callable 02/15/12 @ 100 1,100 1,196 Howard County, Public Improvement, Ser A, 5.250%, 08/15/14, Callable 02/15/12 @ 100 1,205 1,309 Maryland Health & Higher Educational Facilities Authority, Suburban Hospital, Ser B, RB, 3.520%, 07/01/29, LOC: Manufacturers & Traders Trust Co. (b) 1,500 1,500 Maryland State & Local Facilities, Ser 2, GO, 5.000%, 08/01/16, Callable 08/01/13 @ 100 1,425 1,539 Maryland State & Local Facilities, Ser B, GO, 5.000%, 02/01/06 400 401 Maryland State Capital Improvements, Ser A, GO, 5.000%, 02/15/19, Callable 02/15/15 @ 100 1,000 1,080 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 1,030 Maryland State Community Development Administration, Department of Housing & Community Development, Ser 2001B, RB, AMT, 4.100%, 07/01/08, LOC: FHA/GNMA/HUD 285 288
Maryland State Community Development Administration, Department of Housing & Community Development, Ser E, RB, 5.700%, 09/01/17, Callable 09/01/09 @ 100 535 547 Maryland State Economic Development Corp., Department of Transportation Headquarters, RB, 5.375%, 06/01/19, Callable 06/01/12 @ 100.50 1,000 1,089 Maryland Economic Development Corp., University of Maryland College Park Project, RB, 5.750%, 06/01/18, Callable 06/01/13 @ 100 475 516 Maryland Economic Development Corp., University of Maryland, Ser A, RB, 5.625%, 10/01/23, Callable 10/01/13 @ 100 500 512 Maryland Economic Development Corp., University Village at Sheppard Pratt, RB, 5.875%, 07/01/21, Callable 07/01/11 @ 101, LOC: ACA 250 269 Maryland Health & Higher Educational Facilities Authority, Calvert Health Systems, RB, 5.500%, 07/01/36, Callable 07/01/14 @ 100 1,000 1,062 Maryland Health & Higher Educational Facilities Authority, Carroll County General Hospital, RB, 6.000%, 07/01/18, Callable 07/01/12 @ 100 1,035 1,125 Maryland Health & Higher Educational Facilities Authority, Carroll County General Hospital, RB, 6.000%, 07/01/21, Callable 07/01/12 @ 100 250 271 Maryland Health & Higher Educational Facilities Authority, Catholic Health Initiatives, Ser A, RB, 6.000%, 12/01/24, Callable 06/01/10 @ 101, ETM 250 277 Maryland Health & Higher Educational Facilities Authority, Civista Medical Center, RB, 5.000%, 07/01/37, Callable 07/01/14 @ 100, Radian 1,095 1,118 Maryland Health & Higher Educational Facilities Authority, Goucher College, RB, 5.375%, 07/01/25, Callable 07/01/14 @ 100 565 602 Maryland Health & Higher Educational Facilities Authority, Hebrew Home of Greater Washington, RB, 5.700%, 01/01/21, Callable 01/01/12 @ 100 480 511 Maryland Health & Higher Educational Facilities Authority, Hebrew Home of Greater Washington, RB, 5.700%, 01/01/22, Callable 01/01/12 @ 100 510 541
Maryland Health & Higher Educational Facilities Authority, Johns Hopkins University, Ser A, RB, 5.000%, 07/01/38, Callable 07/01/14 @ 100 1,115 1,161 Maryland Health & Higher Educational Facilities Authority, Lifebridge Health, Ser A, RB, 5.125%, 07/01/34, Callable 07/01/14 @ 100 1,000 1,035 Maryland Health & Higher Educational Facilities Authority, Mercy Ridge, Ser B, RB, 5.000%, 04/01/08, Callable 04/01/06 @ 101 300 304 Maryland Health & Higher Educational Facilities Authority, Union Hospital of Cecil Country, RB, 5.750%, 07/01/20, Callable 07/01/12 @ 100 500 541 Maryland Health & Higher Educational Facilities Authority, University of Maryland Medical System, RB, 5.750%, 07/01/21, Callable 07/01/11 @ 100 1,725 1,847 Maryland State Industrial Development Authority, Economic Development, Our Lady of Good Counsel School, Ser A, RB, 6.000%, 05/01/35, Callable 05/15/15 @ 100 500 522 Maryland State Stadium Authority, RB, 5.800%, 03/01/26, Callable 03/01/06 @ 101, AMBAC 250 253 Maryland State Transportation Authority, Baltimore/Washington International Airport, Ser B, RB, AMT, 5.375%, 03/01/15, Callable 03/01/12 @ 101, LOC: AMBAC 1,000 1,070 Montgomery County Economic Development, Trinity Health Care Group, RB, 5.500%, 12/01/16, Callable 12/01/11 @ 100 1,000 1,070 Montgomery County Housing Opportunities Commission, Aston Woods Apartments, Ser A, RB, 4.900%, 05/15/31, Callable 05/15/08 @ 102, FNMA 650 678 Montgomery County Housing Opportunities Commission, Ser A, RB, 4.450%, 07/01/17, Callable 01/01/11 @ 100 170 170 Montgomery County Housing Opportunities Commission, Ser A, RB, 6.000%, 07/01/20, Callable 07/01/10 @ 100 1,005 1,056 Montgomery County Revenue Authority, Lease, College Arts Center Project, Ser A, RB, 5.000%, 05/01/28, Callable 05/01/15 @ 100 1,000 1,045 Northeast Waste Disposal Authority, Montgomery County Resource Recovery Project, Ser A, RB, AMT, 6.000%, 07/01/06 1,100 1,111
Prince Georges County Special Obligation, National Harbor Project, 4.700%, 07/01/15 500 498 St. Mary's County Public Improvement, GO, 5.500%, 07/01/11 1,165 1,282 Talbot County Public Facilities, GO, 5.375%, 03/15/17, Callable 03/15/12 @ 101 1,000 1,090 ------- 39,460 ------- PUERTO RICO (5.2%) Puerto Rico Commonwealth Highway & Transportation Authority, Ser AA, RB, 5.000%, 07/01/06 500 504 Puerto Rico Electric Power Authority, Ser RR, RB, 5.000%, 07/01/26, Callable 07/01/15 @ 100, XLCA 1,000 1,054 Puerto Rico Housing Bank & Finance Agency, Affordable Housing Mortgage Portfolio I, RB, AMT, 6.250%, 04/01/29, Callable 10/01/06 @ 101, GNMA/FNMA/FHLMC 625 635 ------- 2,193 ------- TOTAL MUNICIPAL BONDS (COST $40,752) 41,653 ------- MONEY MARKET FUNDS (0.6%) Federated Maryland Municipal Cash Trust (b) 268,538 269 ------- TOTAL MONEY MARKET FUNDS (COST $269) 269 ------- TOTAL INVESTMENTS (COST $41,021) (A) - 98.5% 41,922 OTHER ASSETS IN EXCESS OF LIABILITIES - 1.5% 649 ------- NET ASSETS - 100.0% $42,571 =======
---------- (a) Cost for federal income tax purposes is $41,023 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $978 Unrealized Depreciation.................. (79) ---- Unrealized Appreciation (Depreciation)... $899 ====
(b) Variable rate security. Rate presented represents rate in effect at December 31, 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. LOC - Letter of Credit RB - Revenue Bond Ser - Series XLCA - Security insured by XL Capital Assurance, Inc. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FIXED INCOME FUNDS NORTH CAROLINA TAX-EXEMPT BOND FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------ MUNICIPAL BONDS (98.1%) NORTH CAROLINA (91.8%) Appalachian State University, Procurement Services Building, RB, 5.000%, 07/15/30, Callable 07/15/15 @100, LOC: MBIA $1,250 $1,312 Brunswick County Enterprise System, Ser A, RB, 5.250%, 04/01/22, Callable 04/01/14 @ 100, LOC: FSA 500 544 Buncombe County, COP, 5.250%, 10/01/17, Callable 10/01/13 @ 100, LOC: AMBAC 585 632 Charlotte Water & Sewer System, RB, 5.250%, 06/01/15, Prerefunded 06/01/09 @ 101 500 535 Charlotte Water & Sewer System, RB, 5.750%, 06/01/19, Prerefunded 06/01/10 @ 101 2,000 2,205 Charlotte-Mecklenberg Hospital Authority, Carolinas Health Care System, Ser A, RB, 5.000%, 01/15/13, Callable 01/15/07 @ 102 500 517 Charlotte-Mecklenburg Hospital Authority, Carolinas Health Care System, Ser A, 5.000%, 01/15/31, Callable 01/15/11 @ 101 1,260 1,286 Dare County, COP, 5.000%, 06/01/23, Callable 12/01/12 @ 100, LOC: AMBAC 830 868 Durham, GO, 5.000%, 02/01/07 500 509 Fayetteville Public Works Commission, RB, 3.375%, 01/15/07, LOC: FSA 1,000 999 Greensboro Enterprise System, Ser A, RB, 5.000%, 06/01/26, Callable 06/01/15 @ 100 1,000 1,051 Iredell County Public Facilities Project, COP, 5.250%, 10/01/20, Callable 10/01/13 @ 100, LOC: AMBAC 500 539 New Hanover County Hospital, New Hanover Regional Medical Center Project, RB, 5.300%, 10/01/06, LOC: AMBAC 200 203 North Carolina Capital Facilities Finance Agency, Educational Facilities, Johnson & Wales University Project, Ser A, RB, 5.000%, 04/01/14, Callable 04/01/13 @ 100 500 534 North Carolina Capital Facilities Finance Agency, Educational Facilities, Trinity Episcopal School Project, RB, 3.520%, 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 500 537 North Carolina Eastern Municipal Power Agency, Power System, Ser A, RB, 5.700%, 01/01/15, Callable 01/01/07 @ 102, LOC: MBIA 500 520 North Carolina Eastern Municipal Power Agency, Power System, Ser C, RB, 5.375%, 01/01/16, Callable 01/01/13 @ 100 500 534 North Carolina Educational Facilities Finance Agency, Belmont Abbey College, RB, 3.520%, 06/01/18, LOC: First Union National Bank (b) 400 400 North Carolina Educational Facilities Finance Agency, Wingate University, RB, 3.520%, 05/01/22, LOC: Bank of America (b) 400 400 North Carolina Medical Care Commission, Health Care Facilities, Novant Health Obligations Group, Ser A, RB, 5.000%, 11/01/17, Callable 11/01/13 @ 100 500 526 North Carolina Medical Care Commission, Health Care Facilities, Novant Health Obligations Group, Ser A, RB, 5.000%, 11/01/18, Callable 11/01/13 @ 100 500 524 North Carolina Medical Care Commission, Health Care Facilities, RB, 5.000%, 01/01/33, Callable 01/01/15 @ 100, LOC: FGIC 2,000 2,071 North Carolina Medical Care Commission, Northeast Medical Center Project, RB, 5.750%, 11/01/06, LOC: AMBAC 1,095 1,118 North Carolina Municipal Power Agency, No. 1 Catawba Electric, Ser A, RB, 5.500%, 01/01/15, LOC: MBIA 500 559 North Carolina Municipal Power Agency, No. 1 Catawba Electric, Ser A, RB, 5.000%, 01/01/20, Callable 01/01/11 @ 100 1,000 1,038 North Carolina State University at Raleigh, Centennial Campus Project, Ser B, RB, 5.125%, 12/15/16, Prerefunded 12/15/06 @ 101, LOC: MBIA 500 513 North Carolina State, Albermarle Building, Clean Water, Ser B, GO, 2.625%, 05/01/06 500 499 Pitt County School Facilities Project, Ser B, COP, 5.300%, 04/01/21, Callable 04/01/10 @ 101, LOC: FSA 500 533
Raleigh Combined Enterprise System, RB, 5.250%, 03/01/17, Callable 03/01/11 @ 100 500 541 Raleigh Durham Airport Authority, Ser A, RB, 5.000%, 05/01/30, Callable 05/01/15 @ 100, LOC: AMBAC 2,000 2,089 Rockingham County, COP, 5.000%, 04/01/18, Callable 04/01/12 @ 101, LOC: AMBAC 500 530 Salisbury Enterprise System, RB, 5.000%, 02/01/20, Callable 02/01/12 @ 101, LOC: FSA 500 531 University of North Carolina at Wilmington, COP, 5.000%, 06/01/31, Callable 06/01/15 @ 100, LOC: FGIC 1,295 1,348 University of North Carolina Systems Pool, Ser A, RB, 5.375%, 04/01/21, Callable 10/01/12 @ 100, LOC: AMBAC 400 436 University of North Carolina Systems Pool, Ser A, RB, 5.375%, 04/01/22, Callable 10/01/12 @ 100, LOC: AMBAC 500 545 University of North Carolina Systems Pool, Ser A, RB, 5.000%, 04/01/23, Callable 04/01/15 @ 100, LOC: AMBAC 1,910 2,024 University of North Carolina University, Dining System, RB, 5.400%, 05/15/16, Prerefunded 05/15/07 @ 102 500 524 Wake County Hospital, RB, 5.125%, 10/01/13, LOC: MBIA, ETM 500 547 Wake County Industrial Facilities & Pollution Control Financing Authority, Carolina Power & Light Co. Project, RB, 5.375%, 02/01/17, Callable 02/01/12 @ 101 1,000 1,065 Wilmington, COP, 5.000%, 09/01/14, LOC: AMBAC 520 564 Wilmington, Ser A, COP, 5.350%, 06/01/24, Callable 06/01/09 @ 101, LOC: MBIA 500 530 Wilmington, Ser A, COP, 5.000%, 06/01/32, Callable 06/01/15 @ 100, LOC: AMBAC 1,500 1,558 Wilson Combined Enterprise Systems, RB, 5.250%, 12/01/18, Callable 12/01/12 @ 100, LOC: FSA 500 540 Winston-Salem State University, Housing & Dining System, Ser B, RB, 4.850%, 01/01/11, Callable 01/01/09 @ 101, LOC: MBIA 500 522 Winston-Salem Water & Sewer System, RB, 5.500%, 06/01/15, Prerefunded 06/01/11 @ 101 270 298 Winston-Salem Water & Sewer System, RB, 5.500%, 06/01/16, Prerefunded 06/01/11 @ 101 200 221 Winston-Salem Water & Sewer System, RB, 5.000%, 06/01/24, Callable 06/01/15 @ 100 1,315 1,398 -----
37,717 ------- PUERTO RICO (6.3%) Puerto Rico Commonwealth Highway & Transportation Authority, Ser AA, RB, 5.000%, 07/01/06 500 504 Puerto Rico Municipal Finance Agency, Ser A, GO, 5.250%, 08/01/25, Callable 08/01/15 @ 100 2,000 2,101 ------- 2,605 ------- TOTAL MUNICIPAL BONDS (COST $40,091) 40,322 ------- MONEY MARKET FUNDS (1.2%) Federated Tax-Free Obligations Fund 404,631 405 SEI Tax Exempt Trust, Institutional Tax Free Fund 72,450 72 ------- TOTAL MONEY MARKET FUNDS (COST $477) 477 ------- TOTAL INVESTMENTS (COST $40,568) (A) - 99.3% 40,799 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.7% 279 ------- NET ASSETS - 100.0% $41,078 =======
---------- (a) Cost for federal income tax purposes is $40,568 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $ 345 Unrealized Depreciation.................. (114) ----- Unrealized Appreciation (Depreciation)... $ 231 =====
(b) Variable rate security. Rate presented represents rate in effect at December 31, 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 - Letter 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 HIGH YIELD FUND Schedule of Portfolio Investments December 30, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------- CORPORATE BONDS (88.0%) ADVERTISING (2.0%) Lamar Media Corp., 6.625%, 08/15/15, Callable 08/15/10 @ 103.31 $11,900 $11,945 R.H. Donnelley Corp., 10.875%, 12/15/12, Callable 12/15/07 @ 105.44 11,341 12,787 R.H. Donnelley Corp., 10.875%, 12/15/12, Callable 12/15/07 @ 105.44 (d) 918 1,035 ------- 25,767 ------- AEROSPACE/DEFENSE (1.1%) L-3 Communications Corp., 7.625%, 06/15/12, Callable 06/15/07 @ 103.81 7,433 7,824 L-3 Communications Corp., 6.375%, 10/15/15, Callable 10/15/10 @ 103.19 (d) (e) 6,235 6,219 ------- 14,043 ------- APPAREL (0.1%) Quiksilver, Inc., 6.875%, 04/15/15, Callable 04/15/10 @ 103.44 (d) (e) 1,510 1,453 ------- AUTO PART & EQUIPMENT (0.2%) Goodyear Tire & Rubber Co., (The), 9.000%, 07/01/15, Callable 07/01/10 @ 104.5 (d) 2,805 2,763 ------- BEVERAGES (0.3%) Constellation Brands, Inc., 8.625%, 08/01/06 4,340 4,405 ------- BIOTECHNOLOGY (0.2%) Bio-Rad Laboratories, Inc., 7.500%, 08/15/13, Callable 08/15/08 @ 103.75 1,090 1,156 Bio-Rad Laboratories, Inc., 6.125%, 12/15/14, Callable 12/15/09 @ 103.06 845 834 ------- 1,990 ------- BUILDING MATERIALS (0.2%) Ainsworth Lumber Co. Ltd., 7.250%, 10/01/12, Callable 10/01/08 @ 100.63 775 698 U.S. Concrete, Inc., 8.375%, 04/01/14, Callable 04/01/09 @ 104.19 2,135 2,129 ------- 2,827 ------- CHEMICALS (4.3%) ARCO Chemical Co., 10.250%, 11/01/10 4,455 4,901 Equistar Chemicals LP, 10.125%, 09/01/08 1,435 1,557 Equistar Chemicals LP, 10.625%, 05/01/11, Callable 05/01/07 @ 105.31 1,000 1,100
Ethyl Corp., 8.875%, 05/01/10 2,435 2,551 FMC Corp., Ser A, 7.000%, 05/15/08 1,057 1,095 Hercules, Inc., 11.125%, 11/15/07 1,480 1,632 Huntsman International LLC, 9.875%, 03/01/09 975 1,029 Huntsman International LLC, 11.625%, 10/15/10, Callable 10/15/07 @ 105.81 5,985 6,815 Huntsman International LLC, 11.500%, 07/15/12, Callable 07/15/08 @ 105.75 1,230 1,393 Lyondell Chemical Co., Ser A, 9.625%, 05/01/07 5,160 5,386 Millennium American Corp., Inc., 9.250%, 06/15/08 8,079 8,714 Millennium American Corp., Inc., 7.000%, 11/15/06 6,860 7,014 Nalco Co., 7.750%, 11/15/11, Callable 11/15/07 @ 103.88 (e) 6,160 6,329 Rockwood Specialties Group, Inc., 10.625%, 05/15/11, Callable 05/15/07 @ 105.31 2,679 2,937 Rockwood Specialties Group, Inc., 7.500%, 11/15/14, Callable 11/15/09 @ 103.75 2,000 1,993 ------ 54,446 ------ COMMERCIAL SERVICES (1.8%) Ashtead Holdings PLC, 8.625%, 08/01/15, Callable 08/01/10 @ 104.31 (d) (e) 2,505 2,637 Corrections Corp. of America, 7.500%, 05/01/11, Callable 05/01/07 @ 103.75 7,735 8,005 Corrections Corp. of America, 6.250%, 03/15/13, Callable 03/15/09 @ 103.13 1,000 990 Geo Group, Inc. (The), 8.250%, 07/15/13, Callable 07/15/08 @ 104.13 1,795 1,755 Hertz Corp. (The), 8.875%, 01/01/14, Callable 01/01/10 @ 104.44 (d) 3,545 3,611 Hertz Corp. (The), 10.500%, 01/01/16, Callable 01/01/11 @ 105.25 (d) (e) 3,590 3,698 United Rentals NA, Inc., 6.500%, 02/15/12, Callable 02/15/08 @ 103.25 1,939 1,888 ------ 22,584 ------ COMPUTERS (0.6%) Activant Solutions, Inc., 10.500%, 06/15/11, Callable 06/15/07 @ 105.25 810 887 Seagate Technology HDD Holdings, 8.000%, 05/15/09, Callable 05/15/06 @ 104 3,684 3,868 Sungard Data Systems, Inc., 8.525%, 08/15/13, Callable 08/15/07 @ 103 (b) (d) 1,865 1,930 Sungard Data Systems, Inc., 9.125%, 08/15/13, Callable 08/15/09 @ 104.56 (d) 1,275 1,320 ------ 8,005 ------ DIVERSIFIED FINANCIAL SERVICES (1.9%) AES Ironwood LLC, 8.857%, 11/30/25 935 1,033
AES Red Oak LLC, Ser A, 8.540%, 11/30/19 2,472 2,719 AES Red Oak LLC, Ser B, 9.200%, 11/30/29 2,200 2,475 BCP Crystal US Holdings Corp., 9.625%, 06/15/14, Callable 06/15/09 @ 104.81 3,160 3,516 CCM Merger, Inc., 8.000%, 08/01/13, Callable 08/01/09 @ 104 (d) (e) 1,470 1,411 Galaxy Entertainment Finance Co. Ltd., 9.875%, 12/15/12, Callable 12/15/09 @ 104.94 (d) (e) 3,340 3,390 Galaxy Entertainment Finance Co. Ltd., 9.655%, 12/15/10, Callable 12/15/08 @ 101.50 (b) (d) (e) 1,375 1,396 Rainbow National Services LLC, 8.750%, 09/01/12, Callable 09/01/08 @ 104.38 (d) 6,838 7,282 Rainbow National Services LLC, 10.375%, 09/01/14, Callable 09/01/09 @ 105.19 (d) 1,270 1,422 ------ 24,644 ------ ELECTRIC (12.3%) AES Corp. (The), 8.750%, 05/15/13, Callable 05/15/08 @ 104.38 (d) 7,272 7,917 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 (d) 10,045 11,326 Aquila, Inc., 9.950%, 02/01/11 2,005 2,211 Aquila, Inc., 14.875%, 07/01/12 (e) 3,585 4,804 Edison Mission Energy, 10.000%, 08/15/08 490 537 Edison Mission Energy, 7.730%, 06/15/09 4,000 4,130 Edison Mission Energy, 9.875%, 04/15/11 (e) 7,025 8,193 FirstEnergy Corp., Ser C, 7.375%, 11/15/31 1,050 1,239 FPL Energy National Wind, 6.125%, 03/25/19 (d) 2,337 2,287 FPL Energy Wind Funding LLC, 6.876%, 06/27/17 (d) 3,179 3,175 General Cable Corp., 9.500%, 11/15/10, Callable 11/15/07 @ 104.75 4,408 4,672 Homer City Funding LLC, 8.137%, 10/01/19 (e) 2,562 2,818 Inergy LP, 6.875%, 12/15/14, Callable 12/15/09 @ 103.44 1,910 1,738 IPALCO Enterprises, Inc., 8.375%, 11/14/08 5,000 5,238 Legrand Holding SA, 10.500%, 02/15/13, Callable 02/15/08 @ 105.25 3,870 4,373 Legrand Holding SA, 8.500%, 02/15/25 550 661 Midwest Generation LLC, 8.750%, 05/01/34, Callable 05/01/09 @ 104.38 (e) 686 755 Midwest Generation LLC, Ser A, 8.300%, 07/02/09 3,350 3,492
Midwest Generation LLC, Ser B, 8.560%, 01/02/16 10,313 11,215 Mirant North America LLC, 7.375%, 12/31/13, Callable 12/31/09 @ 103.69 (d) (e) 6,205 6,275 MSW Energy Holdings LLC, 8.500%, 09/01/10, Callable 09/01/07 @ 104.25 4,450 4,739 MSW Energy Holdings LLC, Ser B, 7.375%, 09/01/10, Callable 09/01/07 @ 103.69 (e) 6,341 6,515 Nevada Power Co., Ser A, 8.250%, 06/01/11 165 183 NRG Energy, Inc., 8.000%, 12/15/13, Callable 12/15/08 @ 104.00 5,998 6,688 PSEG Energy Holdings LLC, 8.625%, 02/15/08 11,670 12,137 PSEG Energy Holdings LLC, 10.000%, 10/01/09 646 711 Sierra Pacific Resources, 7.803%, 06/15/12, Callable 06/15/09 @ 103.90 2,089 2,211 Sierra Pacific Resources, 6.750%, 08/15/17, Callable 08/15/10 @ 103.38 (d) 2,260 2,249 Sithe/Independence Funding Corp., Ser A, 8.500%, 06/30/07 1,425 1,444 Sithe/Independence Funding Corp., Ser A, 9.000%, 12/30/13 6,300 6,806 TECO Energy, Inc., 6.250%, 05/01/10, Callable 05/01/07 @ 102.00 (b) 3,110 3,172 TECO Energy, Inc., 7.200%, 05/01/11 605 638 Tenaska Alabama Partners LP, 7.000%, 06/30/21 (d) 4,585 4,612 Texas Genco LLC, 6.875%, 12/15/14, Callable 12/15/09 @ 103.44 (d) 11,060 11,972 TXU Corp., Ser O, 4.800%, 11/15/09 3,340 3,213 TXU Corp., Ser P, 5.550%, 11/15/14 (e) 1,065 1,012 ------- 156,966 ------- ELECTRONICS (0.7%) Fisher Scientific International, Inc., 6.750%, 08/15/14, Callable 08/15/09 @ 103.38 2,440 2,544 Fisher Scientific International, Inc., 6.125%, 07/01/15 (d) 3,555 3,555 Sanmina-SCI Corp., 10.375%, 01/15/10, Callable 01/15/07 @ 105.19 2,555 2,823 ------- 8,922 ------- ENERGY - ALTERNATIVE SERVICES (0.2%) Salton Sea Funding Corp., Ser C, 7.840%, 05/30/10 1,423 1,482 Salton Sea Funding Corp., Ser F, 7.475%, 11/30/18 1,234 1,355 ------- 2,837 ------- ENTERTAINMENT (1.6%) Capitol Records, Inc., 8.375%, 08/15/09 (d) 5,908 6,218 Isle of Capri Casinos, Inc., 9.000%, 03/15/12, Callable 03/15/07 @ 104.50 2,705 2,861
Penn National Gaming, Inc., 8.875%, 03/15/10, Callable 03/15/06 @ 104.44 2,025 2,126 Seneca Gaming Corp., 7.250%, 05/01/12, Callable 05/01/08 @ 103.63 (d) 1,570 1,580 Warner Music Group Corp., 7.375%, 04/15/14, Callable 04/15/09 @ 103.69 6,572 6,522 WMG Holdings Corp., 10.054%, 12/15/14, Callable 12/15/09 @ 104.75 (c)(g) 1,508 1,056 ------ 20,363 ------ ENVIRONMENT CONTROL (0.2%) Casella Waste Systems, Inc., 9.750%, 02/01/13, Callable 02/01/08 @ 104.88 2,025 2,131 ------ FOOD (2.3%) Dean Foods Co., 8.150%, 08/01/07 8,277 8,506 Del Monte Corp., 8.625%, 12/15/12, Callable 12/15/07 @ 104.31 1,877 1,994 Pilgrim's Pride Corp., 9.625%, 09/15/11, Callable 09/15/06 @ 104.81 (e) 1,915 2,039 Smithfield Foods, Inc., Ser B, 8.000%, 10/15/09 3,990 4,209 Smithfield Foods, Inc., Ser B, 7.750%, 05/15/13 3,470 3,670 Stater Brothers Holdings, Inc., 8.125%, 06/15/12, Callable 06/15/08 @ 104.06 1,960 1,940 Swift & Co., 10.125%, 10/01/09, Callable 10/01/06 @ 105.06 3,580 3,696 United Agri Products, Inc., 8.250%, 12/15/11, Callable 12/15/07 @ 104.12 3,055 3,208 ------ 29,262 ------ FOREST PRODUCTS & PAPER (0.5%) Appleton Papers, Inc., 8.125%, 06/15/11, Callable 06/15/08 @ 104.06 1,160 1,128 Appleton Papers, Inc., Ser B, 9.750%, 06/15/14, Callable 06/15/09 @ 104.88 1,474 1,378 Georgia-Pacific Corp., 8.125%, 05/15/11 2,927 2,931 Georgia-Pacific Corp., 9.500%, 12/01/11 1,435 1,512 ------ 6,949 ------ GAS (0.4%) Colorado Interstate Gas Co., 5.950%, 03/15/15 1,595 1,541 Colorado Interstate Gas Co., 6.800%, 11/15/15 (d) 3,890 3,974 ------ 5,515 ------ HEALTHCARE - PRODUCTS (0.2%) Sybron Dental Specialties, Inc., 8.125%, 06/15/12, Callable 06/15/07 @ 104.06 2,592 2,722 ------ HEALTHCARE - SERVICES (4.3%) Coventry Health Care, Inc., 5.875%, 01/15/12 1,430 1,444 Coventry Health Care, Inc., 8.125%, 02/15/12, Callable 02/15/07 @ 104.06 5,478 5,820
Coventry Health Care, Inc., 6.125%, 01/15/15 1,115 1,143 DaVita, Inc., 6.625%, 03/15/13, Callable 03/15/09 @ 103.31 6,825 6,944 HCA, Inc., 5.500%, 12/01/09 (e) 9,665 9,546 HCA, Inc., 8.750%, 09/01/10 5,983 6,617 HCA, Inc., 7.875%, 02/01/11 5,882 6,324 HCA, Inc., 6.250%, 02/15/13 2,000 2,001 HCA, Inc., 7.500%, 11/15/95 6,001 5,736 PacifiCare Health Systems, Inc., 10.750%, 06/01/09, Callable 6/1/06 @ 105.38 4,276 4,581 Select Medical Corp., 7.625%, 02/01/15, Callable 02/01/10 @ 103.81 1,425 1,372 Triad Hospitals, Inc., 7.000%, 05/15/12, Callable 05/15/08 @ 103.50 2,790 2,849 ------ 54,377 ------ HOLDING COMPANIES-DIVERSIFIED (0.6%) Leucadia National Corp., 7.000%, 08/15/13 3,965 3,945 Leucadia National Corp., 8.650%, 01/15/27, Callable 01/15/07 @ 104.28 135 140 Nell AF Sarl, 8.375%, 08/15/15, Callable 08/15/10 @ 104.19 (d)(e) 3,710 3,673 ------ 7,758 ------ HOME BUILDERS (0.1%) D.R. Horton, Inc., 8.000%, 02/01/09 280 298 Pulte Homes, Inc., 7.875%, 08/01/11 695 764 ------ 1,062 ------ INSURANCE (1.0%) AFC Capital Trust I, Ser B, 8.207%, 02/03/27 3,812 4,034 Allmerica Financial Corp., 7.625%, 10/15/25 1,540 1,579 Markel Capital Trust I, Ser B, 8.710%, 01/01/46, Callable 01/01/07 @ 104.36 4,025 4,327 Markel Corp., 7.350%, 08/15/34 1,710 1,840 UnumProvident Corp., 7.625%, 03/01/11 870 938 ------ 12,718 ------ LODGING (5.3%) Aztar Corp., 9.000%, 08/15/11, Callable 08/15/06 @ 104.50 1,410 1,493 Boyd Gaming Corp., 8.750%, 04/15/12, Callable 04/15/07 @ 104.38 (e) 3,815 4,092 Boyd Gaming Corp., 7.750%, 12/15/12, Callable 12/15/07 @ 103.88 2,200 2,305 Boyd Gaming Corp., 6.750%, 04/15/14, Callable 04/15/09 @ 103.38 (e) 105 104 Caesars Entertainment, Inc., 9.375%, 02/15/07 1,855 1,932 Caesars Entertainment, Inc., 8.875%, 09/15/08 1,700 1,838 Caesars Entertainment, Inc., 7.875%, 03/15/10 300 323 Caesars Entertainment, Inc., 8.125%, 05/15/11 8,611 9,504
Chumash Casino & Resort Enterprise, 9.000%, 07/15/10, Callable 07/15/06 @ 104.50 (d) 3,073 3,265 Gaylord Entertainment Co., 8.000%, 11/15/13, Callable 11/15/08 @ 104 1,530 1,603 La Quinta Corp., 7.000%, 08/15/07 190 196 Mandalay Resort Group, Ser B, 10.250%, 08/01/07 10,956 11,682 MGM Mirage, Inc., 9.750%, 06/01/07 6,965 7,339 MGM Mirage, Inc., 8.500%, 09/15/10 16,294 17,658 Station Casinos, Inc., 6.000%, 04/01/12, Callable 04/01/08 @ 102.25 4,267 4,256 ------ 67,590 ------ MACHINERY DIVERSIFIED (0.4%) Chart Industries, Inc., 9.125%, 10/15/15, Callable 10/15/10 @ 104.56 (d) 2,000 2,040 NMGH Holding Co., 10.000%, 05/15/09, Callable 05/15/06 @ 105 2,685 2,860 ------ 4,900 ------ MEDIA (7.9%) AT&T Broadband, 8.375%, 03/15/13 1,000 1,157 Block Communications, Inc., 8.250%, 12/15/15, Callable 12/15/10 @ 104.13 (d) (e) 1,715 1,698 BSKYB Finance UK PLC, 6.500%, 10/15/35 (d) 1,025 1,021 Cablevision Systems Corp., 8.000%, 04/15/12 (e) 1,975 1,847 CanWest Media, Inc., 8.000%, 09/15/12, Callable 09/15/11 @ 100 10,562 10,786 Clear Channel Communications, Inc., 7.650%, 09/15/10 800 856 Corus Entertainment, Inc., 8.750%, 03/01/12, Callable 03/01/07 @ 104.38 5,386 5,830 Cox Enterprises, Inc., 8.000%, 02/15/07 (d) 1,100 1,127 CSC Holdings, Inc., 7.000%, 04/15/12 (d) 1,330 1,257 CSC Holdings, Inc., Ser B, 8.125%, 07/15/09 (e) 1,360 1,374 CSC Holdings, Inc., Ser B, 8.125%, 08/15/09 2,025 2,045 Dex Media East Finance Co., 9.875%, 11/15/09, Callable 11/15/06 @ 104.94 1,270 1,373 Dex Media East Finance Co., 12.125%, 11/15/12, Callable 11/15/07 @ 106.06 1,175 1,375 Dex Media West Finance, Ser B, 9.875%, 08/15/13, Callable 08/15/08 @ 104.94 6,200 6,882 DirecTV Holdings LLC, 8.375%, 03/15/13, Callable 03/15/08 @ 104.19 17,250 18,544 EchoStar DBS Corp., 9.125%, 01/15/09, Callable 01/15/06 @ 104.56 1,100 1,151 Gray Television, Inc., 9.250%, 12/15/11, Callable 12/15/06 @ 104.62 5,662 6,044 Houghton Mifflin Co., 8.250%, 02/01/11, Callable 02/01/07 @ 104.12 3,745 3,867 Kabel Deutschland Gmbh, 10.625%, 07/01/14, Callable 07/01/09 @ 105.31 (d) 4,475 4,710
Liberty Media Corp., 7.875%, 07/15/09 500 527 LIN Television Corp., Ser B, 6.500%, 05/15/13, Callable 05/15/08 @ 103.25 2,305 2,210 PRIMEDIA, Inc., 8.875%, 05/15/11, Callable 05/15/06 @ 104.44 2,268 2,092 PRIMEDIA, Inc., 8.000%, 05/15/13, Callable 05/15/08 @ 104 4,105 3,474 Quebecor Media, Inc., 11.125%, 07/15/11, Callable 07/15/06 @ 105.56 3,815 4,130 Radio One, Inc., Ser B, 8.875%, 2,725 2,875 07/01/11, Callable 07/01/06 @ 104.44 Readers-Digest Association, Inc., 6.500%, 03/01/11, Callable 03/01/08 @ 103.25 6,176 6,037 Rogers Cable, Inc., 7.875%, 05/01/12 911 978 Rogers Cable, Inc., 6.250%, 06/15/13 270 266 Rogers Cable, Inc., 8.750%, 05/01/32 3,930 4,520 Shaw Communications, Inc., 8.250%, 04/11/10 1,455 1,562 ------- 101,615 ------- MISCELLANEOUS MANUFACTURER (0.3%) Koppers, Inc., 9.875%, 10/15/13, Callable 10/15/08 @ 104.94 3,226 3,500 Tyco International Group SA, 6.375%, 10/15/11 290 301 ------- 3,801 ------- OFFICE / BUSINESS EQUIPMENT (1.7%) Xerox Capital Trust I, 8.000%, 02/01/27, Callable 02/01/07 @ 102.45 (e) 1,450 1,494 Xerox Corp., 9.750%, 01/15/09 14,129 15,630 Xerox Corp., 7.125%, 06/15/10 1,440 1,499 Xerox Corp., 6.875%, 08/15/11 3,415 3,535 ------- 22,158 ------- OIL & GAS (10.4%) Amerada Hess Corp., 6.650%, 08/15/11 735 790 AmeriGas Partners LP, 10.000%, 04/15/06 1,050 1,061 Chesapeake Energy Corp., 7.500%, 09/15/13, Callable 09/15/08 @ 103.75 11,732 12,464 Chesapeake Energy Corp., 7.500%, 06/15/14, Callable 06/15/09 @ 103.75 (e) 7,384 7,827 Chesapeake Energy Corp., 7.750%, 01/15/15, Callable 01/15/08 @ 103.88 2,770 2,936 Chesapeake Energy Corp., 6.375%, 06/15/15, Callable 12/15/09 @ 103.19 1,940 1,940 Chesapeake Energy Corp., 6.500%, 08/15/17 (d) (e) 8,655 8,698 Chesapeake Energy Corp., 6.875%, 11/15/20 (d) 1,830 1,853 Compagnie Gererale de Geophysique SA, 7.500%, 05/15/15, Callable 05/15/10 @ 103.75 1,890 1,956
Compton Petroleum Corp., 7.625%, 12/01/13, Callable 12/01/09 @ 103.81 (d) 2,455 2,510 Denbury Resources, Inc., 7.500%, 12/15/15, Callable 12/15/10 @ 103.75 920 932 Encore Acquisition Co., 6.000%, 07/15/15, Callable 07/15/10 @ 103 4,925 4,531 Encore Acquisition Co., 7.250%, 12/01/17, Callable 12/01/10 @ 103.63 745 738 Enterprise Products Operating LP, 7.500%, 02/01/11 4,415 4,803 Enterprise Products Operating LP, Ser B, 5.600%, 10/15/14 8,080 8,074 Enterprise Products Operating LP, Ser B, 5.000%, 03/01/15 5,325 5,073 Enterprise Products Operating LP, Ser B, 6.650%, 10/15/34 2,450 2,530 EXCO Resources, Inc., 7.250%, 01/15/11, Callable 01/15/07 @ 105.44 2,883 2,926 Ferrellgas Partners LP, 6.750%, 05/01/14, Callable 05/01/09 @ 103.38 681 644 Forest Oil Corp., 8.000%, 06/15/08 4,684 4,883 Forest Oil Corp., 8.000%, 12/15/11 3,913 4,275 Grant Prideco, Inc., 6.125%, 08/15/15, Callable 08/15/10 @ 103.06 (d) 875 873 Kerr-McGee Corp., 6.875%, 09/15/11 (e) 14,630 15,631 Kerr-McGee Corp., 6.950%, 07/01/24 8,695 9,222 Premcor Refining Group, Inc. (The), 9.250%, 02/01/10, Callable 02/01/07 @ 104.63 6,702 7,262 Premcor Refining Group, Inc. (The), 6.750%, 02/01/11 2,737 2,899 Premcor Refining Group, Inc. (The), 6.125%, 05/01/11 911 942 Range Resources Corp., 7.375%, 07/15/13, Callable 07/15/08 @ 103.69 1,650 1,708 Tesoro Corp., 6.625%, 11/01/15, Callable 11/01/10 @ 103.31 (d) (e) 2,195 2,217 Western Oil Sands, Inc., 8.375%, 05/01/12 9,459 10,629 ------- 132,827 ------- OIL & GAS SERVICES (0.4%) Hanover Compressor Co., 8.625%, 12/15/10, Callable 12/15/07 @ 104.31 1,795 1,898 Hanover Equipment Trust 01, Ser B, 8.750%, 09/01/11, Callable 09/01/06 @ 104.38 3,571 3,777 ------- 5,675 ------- PACKAGING & CONTAINERS (1.0%) Ball Corp., 6.875%, 12/15/12, Callable 12/15/07 @ 103.44 450 465 Crown Americas, Inc., 7.625%, 11/15/13, Callable 11/15/09 @ 103.81 (d) 3,845 3,989 Crown Cork & Seal Co., Inc., 8.000%, 04/15/23, Callable 04/15/06 @ 102.67 780 749 Owens-Brockway Glass Container, Inc., 8.875%, 02/15/09, Callable 02/15/06 @ 104.44 3,910 4,081
Silgan Holdings, Inc., 6.750%, 11/15/13, Callable 11/15/08 @ 103.38 3,000 2,985 ------ 12,269 ------ PHARMACEUTICALS (0.5%) Omnicare, Inc., 6.875%, 12/15/15, Callable 12/15/10 @ 103.44 (e) 6,375 6,471 ------ PIPELINES (5.1%) Atlas Pipeline Partners LP, 8.125%, 12/15/15, Callable 12/15/10 @ 104.06 (d) 1,015 1,024 Dynegy Holdings, Inc., 10.125%, 07/15/13, Callable 07/15/08 @ 105.06 (d) 3,994 4,513 El Paso Natural Gas Co., 8.625%, 01/15/22 3,800 4,311 El Paso Natural Gas Co., 8.375%, 06/15/32 3,760 4,247 El Paso Natural Gas Co., Ser A, 7.625%, 08/01/10, Callable 08/01/07 @ 103.81 2,885 3,034 MarkWest Energy Partners, 6.875%, 11/01/14, Callable 11/01/09 @ 103.44 (d) 1,845 1,697 Southern Natural Gas Co., 6.125%, 09/15/08 1,950 1,950 Southern Natural Gas Co., 8.000%, 03/01/32 2,985 3,273 Targa Resources, Inc., 8.500%, 11/01/13, Callable 11/01/09 @ 104.25 (d) (e) 2,355 2,414 Tennessee Gas Pipeline Co., 7.500%, 04/01/17 645 691 Tennessee Gas Pipeline Co., 8.375%, 06/15/32 1,480 1,679 Transcontinental Gas Pipe Line Corp., Ser B, 8.875%, 07/15/12 1,015 1,162 Williams Cos., Inc. (The), 7.125%, 09/01/11 (e) 15,195 15,785 Williams Cos., Inc. (The), 8.125%, 03/15/12 (e) 6,220 6,780 Williams Cos., Inc. (The), 7.750%, 06/15/31 585 617 Williams Cos., Inc. (The), 8.750%, 03/15/32 9,909 11,494 ------ 64,671 ------ REAL ESTATE (1.0%) American Real Estate Partners LP, 7.125%, 02/15/13, Callable 02/15/09 @ 103.56 (d) 6,615 6,615 CB Richard Ellis Group, Inc., 9.750%, 05/15/10, Callable 05/15/07 @ 104.88 2,466 2,688 CB Richard Ellis Group, Inc., 11.250%, 06/15/11, Callable 06/15/06 @ 105.63 3,265 3,510 ------ 12,813 ------ REITS (2.4%) Host Marriott Corp., Ser G, 9.250%, 10/01/07 2,898 3,057
Host Marriott Corp., Ser I, 9.500%, 01/15/07 (e) 7,545 7,809 Omega Healthcare Investors, Inc., 7.000%, 04/01/14, Callable 04/01/09 @ 103.50 2,270 2,279 Omega Healthcare Investors, Inc., 7.000%, 04/01/14, Callable 04/01/09 @ 103.50 (d) 2,700 2,710 Omega Healthcare Investors, Inc., 7.000%, 01/15/16, Callable 01/15/11 @ 103.50 (d) 2,105 2,087 Rouse Co. (The), 8.000%, 04/30/09 3,725 3,964 Rouse Co. (The), 7.200%, 09/15/12 2,475 2,597 Ventas Realty LP, 6.750%, 06/01/10 1,825 1,871 Ventas Realty LP, 6.625%, 10/15/14, Callable 10/15/09 @ 103.31 1,505 1,539 Ventas Realty LP, 7.125%, 06/01/15, Callable 06/01/10 @ 103.56 1,565 1,643 Ventas Realty LP, 6.500%, 06/01/16, Callable 06/01/11 @ 103.25 (d) 990 995 ------ 30,551 ------ RETAIL (1.1%) AmeriGas Partners LP, 7.250%, 05/20/15, Callable 05/20/10 @ 103.63 3,430 3,499 Carrols Corp., 9.000%, 01/15/13, Callable 01/15/09 @ 104.50 735 715 Harry & David Holdings, Inc., 9.000%, 03/01/13, Callable 03/01/09 @ 104.50 1,180 1,183 J.C. Penney Co., Inc., 8.000%, 03/01/10 1,065 1,166 J.C. Penney Co., Inc., 9.000%, 08/01/12 1,145 1,347 Pantry, Inc. (The), 7.750%, 02/15/14, Callable 02/15/09 @ 103.88 1,555 1,555 Rite Aid Corp., 8.125%, 05/01/10, Callable 05/01/07 @ 104.06 625 636 Rite Aid Corp., 9.500%, 02/15/11, Callable 02/15/07 @ 104.75 630 665 Rite Aid Corp., 7.500%, 01/15/15, Callable 01/15/10 @ 103.75 2,630 2,485 United Auto Group, Inc., 9.625%, 03/15/12, Callable 03/15/07 @ 104.81 475 500 ------ 13,751 ------ SEMICONDUCTORS (1.0%) Advanced Micro Devices, Inc., 7.750%, 11/01/12, Callable 11/01/08 @ 103.88 3,000 3,030 Freescale Semiconductor, Inc., 6.900%, 07/15/09, Callable 07/15/06 @ 102 (b) (e) 2,933 3,014 Freescale Semiconductor, Inc., 6.875%, 07/15/11, Callable 07/15/08 @ 103.44 2,685 2,819 Freescale Semiconductor, Inc., 7.125%, 07/15/14, Callable 07/15/09 @ 103.56 3,525 3,754 ------ 12,617 ------ TELECOMMUNICATIONS (11.9%) AT&T Corp., 9.750%, 11/15/31 4,855 6,098 Citizens Communications Co., 7.625%, 08/15/08 7,430 7,746 Citizens Communications Co., 9.250%, 05/15/11 12,010 13,241
Citizens Communications Co., 6.250%, 01/15/13 3,160 3,057 Inmarsat Finance II PLC, 7.729%, 11/15/12, Callable 11/15/08 @ 105.19 (c) (g) 2,630 2,193 Inmarsat Group Ltd., 7.625%, 06/30/12, Callable 03/01/08 @ 103.81 4,733 4,881 Intelsat Ltd., 8.250%, 01/15/13, Callable 01/15/09 @ 104.13 (d) 11,025 11,135 MCI, Inc., 6.908%, 05/01/07 5,880 5,924 MCI, Inc., 7.688%, 05/01/09, Callable 05/01/06 @ 102.84 4,835 4,992 MCI, Inc., 8.735%, 05/01/14 19,008 21,028 National Cable PLC, 8.750%, 04/15/14, Callable 04/15/09 @ 104.38 (e) 6,314 6,598 PanAmSat Holdings Corp., 9.000%, 2,455 2,572 08/15/14, Callable 08/15/09 @ 104.50 Qwest Communications International, Inc., 7.840%, 02/15/09, Callable 02/15/06 @ 102 (b) 3,360 3,406 Qwest Communications International, Inc., 7.250%, 02/15/11, Callable 02/15/08 @ 103.62 (e) 2,150 2,193 Qwest Corp., 7.875%, 09/01/11 14,190 15,290 Qwest Corp., 8.875%, 03/15/12 865 975 Qwest Corp., 7.741%, 06/15/13 (b) (d) 3,000 3,236 Qwest Corp., 7.625%, 06/15/15 (d) 2,900 3,103 Qwest Corp., 8.875%, 06/01/31, 2,380 2,487 Callable 06/01/07 @ 104.14 Rogers Wireless, Inc., 7.616%, 12/15/10, Callable 12/15/06 @ 102 (b) 2,295 2,370 Rogers Wireless, Inc., 9.625%, 05/01/11 1,358 1,562 Rogers Wireless, Inc., 7.250%, 12/15/12 6,475 6,807 Rogers Wireless, Inc., 6.375%, 03/01/14 10,975 11,002 Rogers Wireless, Inc., 7.500%, 03/15/15 (e) 600 648 Rogers Wireless, Inc., 9.750%, 06/01/16 3,770 4,552 U.S. West Communications, 5.625%, 11/15/08 (e) 2,255 2,232 Valor Telecommunications Enterprise LLC, 7.750%, 02/15/15, Callable 02/15/10 @ 103.88 2,580 2,696 --------- 152,024 --------- TRANSPORTATION (0.5%) CHC Helicopter Corp., 7.375%, 05/01/14, Callable 05/01/09 @ 103.69 3,907 3,951 Petroleum Helicopters, Inc., Ser B, 9.375%, 05/01/09, Callable 05/01/06 @ 104.69 2,435 2,566 --------- 6,517 --------- TOTAL CORPORATE BONDS (COST $1,126,761) 1,124,759 --------- U.S. TREASURY OBLIGATIONS (9.2%) U.S. TREASURY BONDS (1.3%)
5.375%, 02/15/31 (e) 15,310 17,197 ---------- U.S. TREASURY NOTES (7.9%) 3.875%, 07/15/10 (e) 20,000 19,602 4.500%, 11/15/15 (e) 80,100 80,757 ---------- 100,359 ---------- TOTAL U.S. TREASURY OBLIGATIONS (COST $116,715) 117,556 ---------- SHORT-TERM INVESTMENTS (15.2%) CSFB Enhanced Liquidity Portfolio (f) 194,835,398 194,835 ---------- TOTAL SHORT-TERM INVESTMENTS (COST $194,835) 194,835 ---------- REPURCHASE AGREEMENTS (2.0%) Lehman Brothers, Inc., 4.155%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $29,509,016 (collateralized by U.S. Government Agencies, DN, due 04/01/32-01/01/34; total market value $26,299,498) 25,784 25,784 ---------- TOTAL REPURCHASE AGREEMENTS (COST $25,784) 25,784 ---------- TOTAL INVESTMENTS (COST $1,464,095) (A) - 114.4% 1,462,934 LIABILITIES IN EXCESS OF OTHER ASSETS - (14.4)% (184,443) ---------- NET ASSETS - 100.0% $1,278,491 ==========
---------- (a) Cost for federal income tax purposes is $1,464,197 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $ 14,253 Unrealized Depreciation.................. (15,515) -------- Unrealized Appreciation (Depreciation)... $ (1,262) ========
(b) Variable rate security. Rate presented represents rate in effect at December 31, 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 December 31, 2005. The total value of securities on loan at December 31, 2005 in thousands was $188,185. (f) This security was purchased with cash collateral held from securities lending. (g) Step bond. LLC - Limited Liability Corporation LP - Limited Partnership PLC - Public Limited Company 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 December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------- ASSET BACKED SECURITIES (7.0%) AUTOMOBILE ABS (4.9%) Capital Auto Receivables Asset Trust, 3.580%, 10/16/06 $ 407 $ 407 Capital One Prime Auto Receivable Trust, Ser 2005-1, Cl A3, 4.320%, 08/15/09 4,260 4,229 Daimler Chrysler Master Owner Trust, Ser 2005-C, Cl A, 4.393%, 12/15/10 (b) 3,125 3,122 Honda Auto Receivables Owner Trust, Ser 2005-6, Cl A3, 4.800%, 10/19/09 2,520 2,523 Nissan Auto Receivables Owner Trust, Ser 2003-B, Cl A4, 2.050%, 03/16/09 1,625 1,586 USAA Auto Owner Trust, Ser 2004-1, Cl A3, 2.060%, 04/15/08 2,637 2,607 ------- 14,474 ------- CREDIT CARD ABS (2.1%) Citibank Credit Card Issuance Trust, 2.550%, 01/20/09 3,525 3,443 MBNA Credit Card Master Note Trust, 3.650%, 03/15/11 2,675 2,596 ------- 6,039 ------- TOTAL ASSET BACKED SECURITIES (COST $20,655) 20,513 ------- COLLATERALIZED MORTGAGE OBLIGATIONS (7.9%) Adjustable Rate Mortgage Trust, Ser 2005-1, Cl 2A22, 4.625%, 05/25/35 (b) 1,640 1,607 Bear Stearns Commercial Mortgage Securities, Ser 2005-T20, Cl A1, 4.940%, 10/12/42 1,990 1,987 Countrywide Home Loans, Inc., Ser 2004-21, Cl A10, 6.000%, 11/25/34 1,601 1,608 First Horizon Alternative Mortgage Securities, Ser 2005-AA3, Cl 2A1, 5.185%, 05/25/35 (b) 3,075 3,067 J.P. Morgan Chase Commercial Mortgage Securities, Ser 2005-LDP1, Cl A2, 4.625%, 03/15/46 2,395 2,358 J.P. Morgan Mortgage Trust, Ser 2005-A1, Cl 5A1, 4.485%, 02/25/35 (b) 4,636 4,507 Wachovia Bank Commercial Mortgage Trust, Ser 2005-C16, Cl A2, 4.380%, 10/15/41 3,635 3,548 Washington Mutual, Ser 2005-AR4, Cl A1, 3.624%, 04/25/35 (b) 1,450 1,439 Wells Fargo Mortgage Backed Securities Trust, Ser 2004-S, Cl A5, 3.540%, 09/25/34 (b) 3,225 3,101 -------
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (COST $23,628) 23,222 ------ COMMERCIAL PAPERS (1.0%) BANKS (1.0%) UBS Finance Delaware LLC, 4.192%, 01/03/06 (e) 3,000 2,999 ------ TOTAL COMMERCIAL PAPERS (COST $2,999) 2,999 ------ CORPORATE BONDS (29.4%) BANKS (3.7%) Bank One Corp., 7.600%, 05/01/07 3,441 3,554 BankBoston Corp., 6.500%, 12/19/07 3,815 3,942 Wachovia Corp., 6.375%, 02/01/09 3,300 3,428 ------ 10,924 ------ COMPUTERS (0.3%) NCR Corp., 7.125%, 06/15/09 955 999 ------ COSMETICS/PERSONAL CARE (0.3%) Gillette Co. (The), 3.500%, 10/15/07, Callable 04/15/06 @ 100 873 854 ------ DIVERSIFIED FINANCIAL SERVICES (18.2%) Bear Stearns & Co., Inc. (The), 5.700%, 01/15/07 4,715 4,753 Capital One Financial Corp., 8.750%, 02/01/07 770 800 CIT Group, Inc., 4.000%, 05/08/08 890 871 CIT Group, Inc., 4.250%, 02/01/10 2,340 2,277 Credit Suisse First Boston USA, Inc., 5.875%, 08/01/06 3,420 3,440 General Electric Capital Corp., 4.125%, 03/04/08 4,765 4,692 General Electric Capital Corp., 4.875%, 10/21/10 1,700 1,696 Golden West Financial Corp., 4.125%, 08/15/07 3,035 3,004 Goldman Sachs Group, Inc., (The), 7.350%, 10/01/09 3,510 3,778 HSBC Finance Corp., 4.125%, 03/11/08 3,400 3,340 John Deere Capital Corp., 3.900%, 01/15/08 3,130 3,069 Lehman Brothers Holdings, Inc., 6.250%, 05/15/06 2,720 2,734 Merrill Lynch & Co., Inc., 4.790%, 08/04/10 1,725 1,706 Merrill Lynch & Co., Inc., Ser MTN, 4.831%, 10/27/08 1,700 1,697 Morgan Stanley, 5.800%, 04/01/07 3,175 3,207 National Rural Utilities Cooperative Finance Corp., 3.000%, 02/15/06 4,160 4,153 Salomon Smith Barney Holdings, 6.500%, 02/15/08 3,705 3,829 SLM Corp., Ser A, 4.691%, 09/15/06 4,040 4,047 ------ 53,093 ------ ELECTRIC (0.6%) American Electric Power Co., Inc., Ser A, 6.125%, 05/15/06 339 341
Commonwealth Edison, Co., 7.625%, 01/15/07 1,400 1,434 ------ 1,775 ------ LODGING (0.5%) Park Place Entertainment, 8.500%, 11/15/06 1,390 1,426 ------ MEDIA (0.4%) Time Warner, Inc., 6.150%, 05/01/07 1,215 1,230 ------ OIL & GAS (0.5%) Devon Energy Corp., 2.750%, 08/01/06 1,450 1,430 ------ PIPELINES (0.3%) Arkla, Inc., 8.900%, 12/15/06 860 889 ------ REITS (1.1%) Equity Office Properties Trust, 8.375%, 03/15/06 1,580 1,591 Simon Property Group LP, 6.375%, 11/15/07 1,500 1,533 ------ 3,124 ------ TELECOMMUNICATIONS (3.5%) France Telecom SA, 7.200%, 03/01/06 (b) 3,510 3,524 SBC Communications, Inc., 4.542%, 11/14/08 (b) 2,180 2,183 SBC Communications, Inc., 4.125%, 09/15/09 790 763 Verizon Global Funding Corp., 6.125%, 06/15/07 (c) 1,753 1,783 Verizon Wireless, Inc., 5.375%, 12/15/06 2,145 2,152 ------ 10,405 ------ TOTAL CORPORATE BONDS (COST $86,955) 86,149 ------ U.S. GOVERNMENT AGENCIES (35.7%) FANNIE MAE (13.4%) 2.625%, 11/15/06 3,255 3,197 2.625%, 01/19/07 4,625 4,524 7.004%, 08/01/07 885 904 6.805%, 11/01/07 3,307 3,357 4.200%, 03/24/08, Callable 03/24/06 @ 3,425 3,380 100 (c) 6.070%, 10/01/08 2,138 2,161 3.810%, 12/01/08 (b) 3,600 3,526 6.575%, 07/01/09 2,478 2,574 6.850%, 08/01/09 3,455 3,617 4.000%, 12/01/14 3,983 3,845 5.000%, 11/25/26 2,711 2,704 5.333%, 09/01/33 (b) 1,379 1,391 5.302%, 10/01/33 (b) 1,591 1,624 4.332%, 03/01/34 (b) 2,587 2,561 ------ 39,365 ------ FEDERAL HOME LOAN BANK (2.1%) 3.750%, 01/16/07 6,135 6,072 ------ FREDDIE MAC (20.2%) 2.375%, 02/15/07 2,875 2,801 3.750%, 08/03/07 (c) 8,390 8,263 4.500%, 08/22/07, Callable 08/22/06 @ 100 (c) 13,520 13,440
4.000%, 07/01/08 2,242 2,198 5.050%, 12/08/08, Callable 12/08/06 @ 100 4,395 4,399 4.625%, 12/19/08 3,600 3,591 5.750%, 03/15/09 1,740 1,791 5.000%, 11/01/10, Callable 11/01/07 @ 100 6,280 6,232 4.500%, 12/16/10 2,620 2,588 3.750%, 12/15/11 2,251 2,193 4.500%, 08/15/19 124 122 5.000%, 12/15/20 4,016 4,014 4.500%, 10/15/28 2,899 2,846 4.283%, 03/01/34 (b) 2,696 2,637 4.980%, 04/01/34 (b) 2,254 2,248 -------- 59,363 -------- TOTAL U.S. GOVERNMENT AGENCIES (COST $106,217) 104,800 -------- U.S. TREASURY OBLIGATIONS (17.0%) U.S. TREASURY NOTES (17.0%) 2.250%, 02/15/07 (c) 16,000 15,618 2.750%, 08/15/07 (c) 13,615 13,263 4.250%, 10/31/07 (c) 2,000 1,994 2.625%, 05/15/08 (c) 19,880 19,097 -------- TOTAL U.S. TREASURY OBLIGATIONS (COST $50,497) 49,972 -------- SHORT-TERM INVESTMENTS (23.7%) CSFB Enhanced Liquidity Portfolio (d) 69,547,375 69,547 -------- TOTAL SHORT-TERM INVESTMENTS (COST $69,547) 69,547 -------- MONEY MARKET FUNDS (1.4%) Federated Prime Value Money Market Fund 4,111,113 4,111 -------- TOTAL MONEY MARKET FUNDS (COST $4,111) 4,111 -------- TOTAL INVESTMENTS (COST $364,609) (A) - 123.1% 361,313 LIABILITIES IN EXCESS OF OTHER ASSETS - (23.1)% (67,781) -------- NET ASSETS - 100.0% $293,532 ========
---------- (a) Cost for federal income tax purposes is $364,748 (amount in thousands). Unrealized appreciation/(depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $ 0 Unrealized Depreciation.................. (3,435) ------- Unrealized Appreciation (Depreciation)... $(3,435) =======
(b) Variable rate security. Rate presented represents rate in effect at December 31, 2005. Maturity date represents actual maturity date. (c) This security or a partial position of the security was on loan at December 31, 2005. The total value of securities on loan at December 31, 2005 in thousands was $67,469. (d) This security was purchased with cash collateral held from securities lending. (e) Rate represents the effective yield at purchase. 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 SHORT-TERM U.S. TREASURY SECURITIES FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------- U.S. TREASURY OBLIGATIONS (99.0%) U.S. TREASURY NOTES (99.0%) 1.625%, 02/28/06 $ 1,000 $ 996 1.500%, 03/31/06 1,000 994 2.250%, 04/30/06 1,000 993 4.625%, 05/15/06 1,000 1,001 2.750%, 06/30/06 1,000 992 7.000%, 07/15/06 1,000 1,013 2.375%, 08/31/06 1,000 987 2.500%, 09/30/06 1,000 986 2.500%, 10/31/06 2,000 1,969 2.875%, 11/30/06 2,000 1,972 3.125%, 01/31/07 4,000 3,944 6.250%, 02/15/07 4,000 4,077 4.375%, 05/15/07 12,000 11,991 3.625%, 06/30/07 7,000 6,920 2.750%, 08/15/07 8,000 7,793 4.000%, 08/31/07 6,000 5,960 3.000%, 11/15/07 6,000 5,850 3.375%, 02/15/08 8,000 7,835 3.750%, 05/15/08 14,000 13,802 4.125%, 08/15/10 1,000 990 4.500%, 11/15/10 3,000 3,016 ------- TOTAL U.S. TREASURY OBLIGATIONS (COST $85,016) 84,081 ------- MONEY MARKET FUNDS (0.3%) Federated U.S. Treasury Cash Reserves Fund 218,936 219 ------- TOTAL MONEY MARKET FUNDS (COST $219) 219 ------- TOTAL INVESTMENTS (COST $85,236) (A) - 99.3% 84,300 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.7% 554 ------- NET ASSETS - 100.0% $84,854 =======
---------- (a) Cost for federal income tax purposes is $85,272 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $ 0 Unrealized Depreciation.................. (971) ----- Unrealized Appreciation (Depreciation)... $(971) =====
SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FIXED INCOME FUNDS STRATEGIC INCOME FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------ CORPORATE BONDS (28.4%) ADVERTISING (0.2%) R.H. Donnelley Corp., 10.875%, 12/15/12, Callable 12/15/07 @ 105.44 $ 575 $ 648 ------ AUTO PART & EQUIPMENT (0.7%) Goodyear Tire & Rubber Co., (The), 9.000%, 07/01/15, Callable 07/01/10 @ 104.5 (d)(e) 2,000 1,970 ------ BUILDING MATERIALS (1.1%) Ainsworth Lumber Co. Ltd., 7.250%, 10/01/12, Callable 10/01/08 @ 100.63 2,000 1,800 U.S. Concrete, Inc., 8.375%, 04/01/14, Callable 04/01/09 @ 104.19 1,500 1,496 ------ 3,296 ------ CHEMICALS (1.4%) Huntsman International LLC, 11.625%, 1,000 1,139 10/15/10, Callable 10/15/07 @ 105.81 Lyondell Chemical Co., Ser A, 9.625%, 05/01/07 2,000 2,088 Rockwood Specialties Group, Inc., 7.500%, 11/15/14, Callable 11/15/09 @ 103.75 1,000 996 ------ 4,223 ------ COMMERCIAL SERVICES (1.4%) Ashtead Holdings PLC, 8.625%, 08/01/15, Callable 08/01/10 @ 104.31 (d) 1,000 1,053 Hertz Corp. (The), 8.875%, 01/01/14, Callable 01/01/10 @ 104.44 (d) 255 260 Hertz Corp. (The), 10.500%, 01/01/16, Callable 01/01/11 @ 105.25 (d)(e) 235 242 Nationsrent, Inc., 9.500%, 05/01/15, Callable 05/01/10 @ 104.75 1,400 1,469 Rural/Metro Corp., 9.875%, 03/15/15, Callable 03/15/10 @ 104.94 (d) 1,000 1,020 ------ 4,044 ------ COMPUTERS (1.2%) Activant Solutions, Inc., 10.500%, 06/15/11, Callable 06/15/07 @ 105.25 1,575 1,725 Sungard Data Systems, Inc., 10.250%, 08/15/15, Callable 08/15/10 @ 105.13 (d) 2,000 2,000 ------ 3,725 ------ DIVERSIFIED FINANCIAL SERVICES (0.7%) CCM Merger, Inc., 8.000%, 08/01/13, Callable 08/01/09 @ 104 (d) 95 91
Galaxy Entertainment Finance Co. Ltd., 9.875%, 12/15/12, Callable 12/15/09 @ 104.94 (d) 120 122 Iansa Overseas, 7.250%, 07/28/12, Callable 07/28/09 @ 103.63 (d) 1,000 970 RMCC Acquisition Co., 9.500%, 11/01/12, Callable 11/01/08 @ 104.75 (d) 850 854 ----- 2,037 ----- ELECTRIC (2.7%) AES Dominicana Energia SA, 11.000%, 12/13/15, Callable 12/13/10 @ 105.50 (d) 1,600 1,600 Allegheny Energy Supply Co. LLC, 8.250%, 04/15/12 (d) 1,070 1,206 Aquila, Inc., 14.875%, 07/01/12 1,500 2,011 Edison Mission Energy, 10.000%, 08/15/08 750 821 Mirant North America LLC, 7.375%, 12/31/13, Callable 12/31/09 @ 103.69 (d) 395 399 Reliant Energy, Inc., 6.750%, 12/15/14, Callable 12/15/09 @ 103.38 1,610 1,405 Sithe/Independence Funding Corp., Ser A, 9.000%, 12/30/13 750 810 ----- 8,252 ----- ENTERTAINMENT (0.7%) Six Flags, Inc., 9.625%, 06/01/14, Callable 06/01/09 @ 104.81 2,250 2,188 ----- FOOD (1.4%) Pinnacle Foods Holding Corp., 8.250%, 12/01/13, Callable 12/01/08 @ 104.12 2,275 2,166 Stater Brothers Holdings, Inc., 8.125%, 06/15/12, Callable 06/15/08 @ 104.06 1,000 990 Swift & Co., 12.500%, 01/01/10, Callable 10/01/06 @ 106.25 1,000 1,053 ----- 4,209 ----- FOREST PRODUCTS & PAPER (0.9%) Appleton Papers, Inc., 8.125%, 06/15/11, Callable 06/15/08 @ 104.06 500 486 Appleton Papers, Inc., Ser B, 9.750%, 06/15/14, Callable 06/15/09 @ 104.88 1,500 1,402 Boise Cascade LLC, 7.025%, 10/15/12, Callable 10/15/06 @ 101 (b) 900 878 ----- 2,766 ----- HEALTHCARE - PRODUCTS (1.4%) Accellent, Inc., 10.500%, 12/01/13, Callable 12/01/09 @ 105.25 (d)(e) 1,060 1,087 MQ Associates, Inc., 14.350%, 08/15/12, Callable 08/15/08 @ 109 (c)(e)(g) 2,575 1,468 Universal Hospital Services, Inc., 10.125%, 11/01/11, Callable 11/01/07 @ 105.06 1,460 1,510 ----- 4,065 ----- HEALTHCARE - SERVICES (2.5%) Res-Care, Inc., 7.750%, 10/15/13, Callable 10/15/09 @ 103.88 (d) 2,000 2,000
Select Medical Corp., 7.625%, 02/01/15, Callable 02/01/10 @ 103.81 1,575 1,516 Skilled Healthcare Group, 11.000%, 01/15/14, Callable 01/15/10 @ 105.50 (d) 1,890 1,909 US Oncology, Inc., 10.750%, 08/15/14, Callable 08/15/09 @ 105.38 2,100 2,331 ----- 7,756 ----- HOLDING COMPANIES-DIVERSIFIED (0.8%) Leucadia National Corp., 7.000%, 08/15/13 500 498 Nell AF Sarl, 8.375%, 08/15/15, Callable 08/15/10 @ 104.19 (d)(e) 1,825 1,806 ----- 2,304 ----- INSURANCE (0.2%) AFC Capital Trust I, Ser B, 8.207%, 02/03/27 500 529 ----- MACHINERY DIVERSIFIED (1.0%) Chart Industries, Inc., 9.125%, 10/15/15, Callable 10/15/10 @ 104.56 (d) 1,250 1,275 NMGH Holding Co., 10.000%, 05/15/09, Callable 05/15/06 @ 105 1,500 1,598 ----- 2,873 ----- MEDIA (3.2%) Charter Communication Holdings LLC, 11.000%, Callable, 10/1/10 @ 105.5 10/01/15 (d) 1,500 1,260 Dex Media, Inc., 9.540%, 11/15/13, Callable 11/15/08 @ 104.50 (c)(g) 1,085 863 Houghton Mifflin Co., 10.776%, 10/15/13 (c)(e)(g) 3,350 2,629 Kabel Deutschland Gmbh, 10.625%, 07/01/14, Callable 07/01/09 @ 105.31 (d) 2,200 2,316 LIN Television Corp., Ser B, 6.500%, 05/15/13, Callable 05/15/08 @ 103.25 750 719 Mediacom LLC, 9.500%, 01/15/13, Callable 01/15/06 @ 104.75 (e) 2,020 1,972 ----- 9,759 ----- MISCELLANEOUS MANUFACTURER (0.9%) Clarke American Corp., 11.750%, 12/15/13, Callable 12/15/09 @ 105.88 (d) 1,610 1,610 Koppers, Inc., 9.875%, 10/15/13, Callable 10/15/08 @ 104.94 1,000 1,085 ----- 2,695 ----- OIL & GAS (0.1%) Compagnie Generale de Geophysique SA, 7.500%, 05/15/15, Callable 05/15/10 @ 103.75 120 124 Compton Petroleum Corp., 7.625%, 12/01/13, Callable 12/01/09 @ 103.81 (d) 170 174 ----- 298 ----- PACKAGING & CONTAINERS (0.2%) Crown Cork & Seal Co., Inc., 7.375%, 12/15/26 500 458 -----
PIPELINES (0.0%) Targa Resources, Inc., 8.500%, 11/01/13, Callable 11/01/09 @ 104.25 (d) (e) 105 108 ------ REAL ESTATE (1.0%) American Real Estate Partners LP, 7.125%, 02/15/13, Callable 02/15/09 @ 103.56 (d) 550 550 CB Richard Ellis Group, Inc., 9.750%, 05/15/10, Callable 05/15/07 @ 104.88 750 818 Kimball Hill, Inc., 10.500%, 12/15/12, Callable 12/15/09 @ 105.25 (d) 1,625 1,600 ------ 2,968 ------ REITS (0.3%) Host Marriott Corp., Ser G, 9.250%, 10/01/07 750 792 Ventas Realty LP, 6.500%, 06/01/16, Callable 06/01/11 @ 103.25 (d) 65 65 ------ 857 ------ RETAIL (1.5%) Carrols Corp., 9.000%, 01/15/13, Callable 01/15/09 @ 104.50 (e) 1,735 1,687 Harry & David Holdings, Inc., 9.000%, 03/01/13, Callable 03/01/09 @ 104.50 1,500 1,504 Rite Aid Corp., 7.500%, 01/15/15, Callable 01/15/10 @ 103.75 1,250 1,181 ------ 4,372 ------ SEMICONDUCTORS (0.7%) Spansion LLC, 11.250%, 01/15/16, Callable 01/15/11 @ 105.62 (d) 2,165 2,057 ------ TELECOMMUNICATIONS (2.2%) Dobson Communications Corp., 8.400%, 10/15/12, Callable 10/15/07 @ 102 (b) (d) (e) 1,000 995 Nextel Communications, Inc., 7.375%, Callable 8/1/08 @ 103.69 08/01/15 1,750 1,847 PanAmSat Holdings Corp., 9.000%, 08/15/14, Callable 08/15/09 @ 104.50 828 867 Qwest Communications International, Inc., 7.250%, 02/15/11, Callable 02/15/08 @ 103.62 1,750 1,785 Valor Telecommunications Enterprise LLC, 7.750%, 02/15/15, Callable 02/15/10 @ 103.88 1,000 1,045 ------ 6,539 ------ TOTAL CORPORATE BONDS (COST $85,581) 84,996 ------ FOREIGN GOVERNMENT BONDS (31.7%) BRAZIL (0.3%) Republic of Brazil, 9.250%, 10/22/10 165 185 Republic of Brazil, 7.875%, 03/07/15 685 729 Republic of Brazil, 8.250%, 01/20/34 75 80 ------ 994 ------ COLUMBIA (0.4%) Republic of Colombia, 10.750%, 01/15/13 455 564
Republic of Columbia, 10.375%, 01/28/33 580 764 ------- 1,328 ------- FRANCE (4.5%) French Treasury Note, 2.500%, 07/12/10 11,510 13,310 ------- GERMANY (12.5%) Bundesobligation, Ser 147, 2.500%, 10/08/10 2,405 2,776 Deutschland Republic, Ser 05, 3.250%, 07/04/15 19,070 22,487 Deutschland Republic, Ser 05, 4.000%, 01/04/37 9,760 12,453 ------- 37,716 ------- NORWAY (NOK) (4.4%) Norwegian Government, 6.750%, 01/15/07 23,640 3,643 Norwegian Government, 6.000%, 05/16/11 48,570 8,063 Norwegian Government, 5.000%, 05/15/15 8,500 1,393 ------- 13,099 ------- PHILLIPINES (0.7%) Republic of Philippines, 9.875%, 01/15/19 465 552 Republic of Philippines, 9.500%, 02/02/30 (e) 1,225 1,439 ------- 1,991 ------- SWEDEN (SWE) (4.4%) Swedish Government, Ser 1043, 5.000%, 01/28/09 98,080 13,084 ------- SWITZERLAND (4.5%) Swiss Government, 4.500%, 06/10/07 16,810 13,343 ------- TOTAL FOREIGN GOVERNMENT BONDS (COST $98,029) 94,865 ------- PREFERRED STOCK (0.3%) RETAIL (0.3%) Rite Aid Corp. 50,000 1,025 ------- TOTAL PREFERRED STOCK (COST $1,255) 1,025 ------- U.S. TREASURY OBLIGATIONS (35.5%) U.S. TREASURY BONDS (4.2%) 5.375%, 02/15/31 (e) 11,310 12,704 ------- U.S. TREASURY INFLATION PROTECTED NOTES/BONDS (4.9%) 1.625%, 01/15/15 14,575 14,649 ------- U.S. TREASURY NOTES (26.4%) 1.875%, 01/31/06 1,930 1,927 4.250%, 11/30/07 (e) 53,055 52,899 4.500%, 11/15/10 (e) 13,130 13,201 4.000%, 11/15/12 (e) 6,010 5,881 4.500%, 11/15/15 (e) 4,805 4,844 ------- 78,752 ------- TOTAL U.S. TREASURY OBLIGATIONS (COST $106,982) 106,105 -------
SHORT-TERM INVESTMENTS (36.9%) Brown Brothers Harriman & Co., Cayman Islands Cash Sweep, 1.730% 10,276,406 10,276 CSFB Enhanced Liquidity Portfolio (f) 99,689,926 99,691 -------- TOTAL SHORT-TERM INVESTMENTS (COST $109,967) 109,967 -------- TOTAL INVESTMENTS (COST $401,814) (A) - 132.8% 396,958 LIABILITIES IN EXCESS OF OTHER ASSETS - (32.8)% (98,007) -------- NET ASSETS - 100.0% $298,951 ========
---------- (a) Cost for federal income tax purposes is $401,938 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $ 1,620 Unrealized Depreciation.................. (6,600) ------- Unrealized Appreciation (Depreciation)... $(4,980) =======
(b) Variable rate security. Rate presented represents rate in effect at December 31, 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 December 31, 2005. The total value of securities on loan at December 31, 2005 in thousands was $96,713. (f) This security was purchased with cash collateral held from securities lending. (g) Step bond. LLC - Limited Liability Corporation LP - Limited Partnership NOK - Principal Amount is in Norwegian Krone PLC - Public Limited Company REIT - Real Estate Investment Trust Ser - Series SWE - Principal Amount in Swedish Krona YEN - Principal Amount is in Japenese Yen SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS TOTAL RETURN BOND FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
PRINCIPAL AMOUNT VALUE --------- ------- ASSET BACKED SECURITIES (2.6%) CREDIT CARD ABS (2.0%) Chase Issuance Trust, Ser 2005-A1, Cl A1, 4.379%, 12/15/10 (b) $416 $ 416 First USA Credit Card Master Trust, Ser 1997-8, Cl A, 4.520%, 05/17/10 (b) 442 443 MBNA Credit Card Master Trust, Ser 2002-A13, Cl A, 4.499%, 05/17/10 (b) 413 414 ------ 1,273 ------ DIVERSIFIED FINANCIAL SERVICES (0.6%) SLM Student Loan Trust, Ser 2004-8, Cl A3, 4.290%, 07/27/15 411 412 ------ TOTAL ASSET BACKED SECURITIES (COST $1,685) 1,685 ------ COLLATERALIZED MORTGAGE OBLIGATIONS (0.3%) Citigroup/Deutsche Bank Commercial Mortgage Trust, Ser 2005-CD1, Cl A4, 5.225%, 07/15/44 (b) 210 212 ------ TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (COST $211) 212 ------ CORPORATE BONDS (9.7%) AEROSPACE/DEFENSE (0.3%) United Technologies Corp., 4.875%, 05/01/15 165 163 ------ AIRLINES (0.1%) Southwest Airlines Co., 5.125%, 03/01/17 95 89 ------ BANKS (0.4%) Bank of America Corp., 7.400%, 01/15/11 235 259 ------ COMMERCIAL SERVICES (0.1%) ERAC USA Finance Co., 5.600%, 05/01/15 (c) 75 75 ------ DIVERSIFIED FINANCIAL SERVICES (2.8%) CIT Group, Inc., 5.125%, 09/30/14 165 162 Citigroup, Inc., 5.125%, 05/05/14 60 60 Citigroup, Inc., 5.850%, 12/11/34 85 89 Fund American Cos., Inc., 5.875%, 05/15/13 215 217 Goldman Sachs Group, Inc. (The), 4.750%, 07/15/13 240 233 HSBC Holdings PLC, 7.625%, 05/17/32 90 112 John Deere Capital Corp., 3.900%, 01/15/08 50 49 JPMorgan Chase & Co., 6.625%, 03/15/12 265 286
Lazard Group LLC, 7.125%, 05/15/15 325 340 Morgan Stanley, 5.300%, 03/01/13 295 295 ----- 1,843 ----- ELECTRIC (0.6%) Exelon Corp., 5.625%, 06/15/35 250 236 Pacific Gas & Electric Co., 6.050%, 03/01/34 175 181 ----- 417 ----- ENTERTAINMENT (0.1%) GTECH Holdings Corp., 4.750%, 10/15/10 45 41 ----- INSURANCE (0.1%) Metlife, Inc., 5.700%, 06/15/35 45 45 ----- INVESTMENT COMPANIES (0.1%) Credit Suisse First Boston USA, Inc., 6.500%, 01/15/12 85 91 ----- MEDIA (0.7%) Cox Communications, Inc., 4.625%, 06/01/13 175 163 News America Holdings, Inc., 9.250%, 02/01/13 90 109 News America Holdings, Inc., 6.200%, 12/15/34 55 55 Time Warner, Inc., 7.625%, 04/15/31 95 106 ----- 433 ----- MINING (0.5%) Alcan, Inc., 5.750%, 06/01/35 85 83 Codelco, Inc., 5.500%, 10/15/13 (c) 215 220 ----- 303 ----- MISCELLANEOUS MANUFACTURER (0.7%) General Electric Co., 5.000%, 02/01/13 425 425 ----- OIL & GAS (0.6%) Devon Financing Corp. ULC, 7.875%, 09/30/31 110 141 Enterprise Products Operating LP, Ser B, 6.875%, 03/01/33 90 95 Motiva Enterprises LLC, 5.200%, 09/15/12 (c) 25 25 Valero Energy Corp., 7.500%, 04/15/32 80 97 ----- 358 ----- PIPELINES (0.6%) Centerpoint Energy Resources Corp., Ser B, 7.875%, 04/01/13 175 199 K N Capital Trust III, 7.630%, 04/15/28 145 161 Kinder Morgan, Inc., 7.250%, 03/01/28 40 45 ----- 405 ----- REITS (0.1%) Simon Property Group LP, 6.375%, 11/15/07 35 36 ----- RETAIL (0.7%) Federated Department Stores, Inc., 6.900%, 04/01/29 45 49
Woolworths Ltd., 5.550%, 11/15/15 (c) 380 384 ----- 433 ----- TELECOMMUNICATIONS (1.1%) BellSouth Corp., 6.550%, 06/15/34 140 149 SBC Communications, Inc., 6.450%, 06/15/34 205 214 Telecom Italia Capital SA, 5.250%, 10/01/15 215 209 Verizon Global Funding Corp., 7.750%, 12/01/30 150 178 ----- 750 ----- TRANSPORTATION (0.1%) BNSF Funding Trust 1, 6.613%, 12/15/55, Callable 01/15/26 @ 100 60 62 ----- TOTAL CORPORATE BONDS (COST $6,220) 6,228 ----- FOREIGN GOVERNMENT BONDS (2.8%) FRANCE (0.4%) French Treasury Note, 2.500%, 07/12/10 230 266 ----- GERMANY (1.2%) Bundesobligation, Ser 147, 2.500%, 10/08/10 45 52 Deutschland Republic, Ser 05, 3.250%, 07/04/15 380 448 Deutschland Republic, Ser 05, 4.000%, 01/04/37 190 242 ----- 742 ----- NORWAY (0.4%) Norwegian Government, 6.750%, 01/15/07 520 80 Norwegian Government, 6.000%, 05/16/11 965 160 Norwegian Government, 5.000%, 05/15/15 175 29 ----- 269 ----- SWEDEN (0.4%) Swedish Government, Ser 1043, 5.000%, 01/28/09 1,955 261 ----- SWITZERLAND (0.4%) Swiss Government, 4.500%, 06/10/07 335 266 ----- TOTAL FOREIGN GOVERNMENT BONDS (COST $1,874) 1,804 ----- U.S. GOVERNMENT AGENCIES (28.5%) FANNIE MAE (16.1%) 5.500%, 07/01/16 158 159 5.000%, 11/01/18 69 68 5.500%, 11/01/18 359 362 4.500%, 12/01/18 254 248 5.500%, 12/01/18 131 132 5.000%, 01/01/19 791 784 5.500%, 07/01/19 95 95 5.500%, 07/01/19 226 227 5.000%, 10/01/19 632 625
5.000%, 10/01/19 767 759 5.500%, 12/01/19 127 128 4.500%, 10/01/20 996 969 6.500%, 07/01/32 430 442 5.500%, 01/01/33 848 840 5.500%, 06/01/33 566 560 5.500%, 07/01/33 470 466 5.000%, 11/01/33 711 689 6.000%, 11/01/33 199 201 5.500%, 01/01/34 661 655 5.000%, 04/01/34 1,007 977 6.000%, 05/01/34 238 241 6.500%, 11/01/34 723 742 ------ 10,369 ------ FREDDIE MAC (11.2%) 4.500%, 09/01/18 635 618 4.500%, 01/01/19 461 449 6.000%, 04/01/33 174 175 6.000%, 11/01/33 787 795 6.000%, 11/01/33 609 616 6.000%, 01/01/34 235 238 6.500%, 05/01/34 128 131 5.000%, 07/01/34 101 98 6.000%, 10/01/34 311 314 6.000%, 01/13/35 (d) 1,258 1,271 6.500%, 05/01/35 1,051 1,077 4.500%, 08/01/35 689 648 4.646%, 08/01/35 (b) 759 743 ------ 7,173 ------ GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (1.2%) 5.500%, 05/15/33 600 604 5.000%, 11/15/34 166 164 ------ 768 ------ TOTAL U.S. GOVERNMENT AGENCIES (COST $18,615) 18,310 ------ U.S. TREASURY OBLIGATIONS (55.5%) U.S. TREASURY BONDS (1.7%) 5.375%, 02/15/31 985 1,106 ------ U.S. TREASURY INFLATION PROTECTED NOTES/BONDS (5.2%) 1.625%, 01/15/15 3,335 3,352 ------ U.S. TREASURY NOTES (48.6%) 1.875%, 01/31/06 2,390 2,386 2.250%, 04/30/06 400 397 3.125%, 05/15/07 2,445 2,403 4.250%, 11/30/07 2,365 2,358 5.625%, 05/15/08 4,640 4,768 4.375%, 11/15/08 120 120 3.375%, 12/15/08 2,875 2,796 6.000%, 08/15/09 3,235 3,409 4.250%, 10/15/10 3,220 3,203 4.500%, 11/15/10 1,915 1,925 4.250%, 08/15/13 2,295 2,274 4.250%, 11/15/14 1,164 1,150 4.500%, 11/15/15 1,135 1,144 6.250%, 08/15/23 1,745 2,084 6.125%, 11/15/27 675 815 ------ 31,232 ------ TOTAL U.S. TREASURY OBLIGATIONS (COST $35,697) 35,690 ------
REPURCHASE AGREEMENTS (4.0%) Merrill Lynch & Co., Inc., 4.105%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $2,568,673 (collateralized by U.S. Government Agencies, 5.000%, due 10/01/25; total market value $2,622,809) 2,568 2,568 ------- TOTAL REPURCHASE AGREEMENTS (COST $2,568) 2,568 ------- TOTAL INVESTMENTS (COST $66,870) (A) - 103.4% 66,497 LIABILITIES IN EXCESS OF OTHER ASSETS - (3.4)% (2,208) ------- NET ASSETS - 100.0% $64,289 =======
---------- (a) Cost for federal income tax purposes is $66,928 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $ 170 Unrealized Depreciation.................. (601) ----- Unrealized Appreciation (Depreciation)... $(431) =====
(b) Variable rate security. Rate presented represents rate in effect at December 31, 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 was purchased on a when-issued basis. LLC - Limited Liability Corporation LP - Limited Partnership PLC - Public Limited Company REIT - Real Estate Investment Trust Ser - Series SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS ULTRA-SHORT BOND FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------- ASSET BACKED SECURITIES (27.4%) AUTOMOBILE ABS (9.0%) Americredit Automobile Receivables Trust, Ser 2001-C, Cl A4, 5.010%, 07/14/08 $1,899 $ 1,899 Capital One Prime Auto Receivable Trust, Ser 2005-1, Cl A3, 4.320%, 08/15/09 2,375 2,358 Daimler Chrysler Master Owner Trust, Ser 2005-C, Cl A, 4.393%, 12/15/10 (b) 2,025 2,024 Ford Credit Auto Owner Trust, Ser 2005-A, Cl A2, 3.080%, 07/15/07 1,227 1,223 Harley-Davidson Motorcycle Trust, Ser 2004-1, Cl A1, 1.400%, 10/15/08 492 488 Honda Auto Receivables Owner Trust, Ser 2005-6, Cl A3, 4.800%, 10/19/09 1,025 1,026 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, 4.429%, 09/15/08 (b) 3,000 3,004 Superior Wholesale Inventory Financing Trust, Ser 2005-A12, Cl A, 4.300%, 06/15/10 (b) 2,000 2,000 USAA Auto Owner Trust, Ser 2004-1, Cl A3, 2.060%, 04/15/08 1,383 1,367 Volkswagen Credit Auto Master Trust, Ser 2005-1, Cl A, 4.179%, 07/20/10 (b) 3,000 3,000 ------- 18,901 CREDIT CARD ABS (4.1%) ------- Citibank Credit Card Issuance Trust, Ser 2003-A2, Cl A2, 2.700%, 01/15/08 1,500 1,499 Discover Card Master Trust I, Ser 2005-3, Cl A, 4.389%, 05/15/11 (b) 2,590 2,591 First USA Credit Master Trust, Ser 2001-1, Cl A, 4.520%, 09/19/08 (b) 2,000 2,000 GE Capital Credit Card Master Note Trust, Ser 2004-1, Cl A, 4.419%, 06/15/10 (b) 2,500 2,501 ------- 8,591 ------- DIVERSIFIED FINANCIAL SERVICES (6.9%) Access Group, Inc., Series 2003-1, Cl A6, 4.370%, 12/26/35 (b) 2,000 2,000 College Loan Corp. Trust, Ser 2005-1, Cl A1, 4.230%, 01/25/14 (b) 2,250 2,251 College Loan Corp. Trust, Ser 2005-2, Cl A1, 3.840%, 01/15/15 (b) 1,675 1,674
Nelnet Student Loan Corp., Ser 2002-A, Cl A7, 4.150%, 06/01/35 (b) 2,000 2,000 Nelnet Student Loan Trust, Ser 2005-4, Cl A1, 4.304%, 12/22/18 (b) 2,200 2,199 SLC Student Loan Trust, Ser 2005-2, Cl A1, 4.491%, 03/15/18 (b) 2,191 2,190 SLM Student Loan Trust, Ser 1998-1, Cl A2, 4.759%, 10/25/11 (b) 2,033 2,051 ------ 14,365 ------ HOME EQUITY ABS (6.7%) Aames Mortgage Investment Trust, Ser 2005-4, Cl 2A1, 4.499%, 10/25/35 (b) 1,894 1,894 Aegis Asset Backed Securities Trust, Ser 2005-2, Cl 1A1, 4.479%, 06/25/35 (b) 1,207 1,207 Centex Home Equity, Ser 2005-C, Cl AV1, 4.469%, 06/25/35 (b) 1,369 1,370 Centex Home Equity, Ser 2005-D, Cl AV1, 4.489%, 10/25/35 (b) 1,820 1,820 Countrywide Home Equity Loan Trust, Ser 2005-A, Cl A2, 4.609%, 02/15/30 (b) 1,293 1,295 Household Home Equity Loan Trust, Ser 2005-C, Cl A, 4.660%, 01/20/34 (b) 1,851 1,852 Master Asset Backed Securities Trust, Ser 2005-AB1, Cl A1A, 4.529%, 10/25/32 (b) 1,162 1,162 Park Place Securities, Inc., Ser 2005-WHQ2, Cl A2A, 4.479%, 05/25/35 (b) 1,178 1,178 Residential Asset Securities Corp., Ser 2005-KS8, Cl A1, 4.489%, 07/25/26 (b) 2,234 2,234 ------ 14,012 ------ OTHER ABS (0.7%) CIT Equipment Collateral, Ser 2003-VT1, Cl A3A, 4.500%, 04/20/07 (b) 379 379 Marlin Leasing Receivables LLC, Ser 2005-1A, Cl A1, 4.051%, 08/15/12 (d) 1,060 1,058 ------ 1,437 ------ TOTAL ASSET BACKED SECURITIES (COST $57,351) 57,306 ------ COLLATERALIZED MORTGAGE OBLIGATIONS (6.5%) Adjustable Rate Mortgage Trust, Ser 2005-7, Cl 7A21, 4.629%, 10/25/35 (b) 903 893 Bear Stearns Commercial Mortgage Securities, Ser 2005-T20, Cl A1, 4.940%, 10/12/42 1,140 1,138 Countrywide Home Loans, Inc., Ser 2004-21, Cl A10, 6.000%, 11/25/34 792 795 Countywide Home Loans, Series 2002-39, Class A16, 5.000%, 02/25/33 867 864 Deutsche Mortgage Securities, Inc., Series 2004-1, Cl 3A3, 3.690%, 12/25/33 415 413 First Horizon Alternative Mortgage Securities, Ser 2005-AA3, Cl 2A1, 5.185%, 05/25/35 (b) 1,042 1,039 J.P. Morgan Chase Commercial Mortgage Securities, Ser 2005-LDP1, Cl A1, 4.116%, 03/15/46 1,125 1,108
J.P. Morgan Mortgage Trust, Ser 2005-A1, Cl 5A1, 4.485%, 02/25/35 (b) 3,092 3,006 Opteum Mortgage Acceptance Corp., Ser 2005-4, Cl 1A1A, 4.549%, 11/25/35 (b) 2,282 2,282 Washington Mutual, Ser 2005-AR4, Cl A1, 3.624%, 04/25/35 (b) 888 882 Wells Fargo Mortgage Backed Securities Trust, Ser 2004-S, Cl A5, 3.540%, 09/25/34 (b) 1,125 1,082 ------ TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (COST $13,649) 13,502 ------ COMMERCIAL PAPERS (0.5%) BANKS (0.5%) UBS Finance Delaware LLC, 4.192%, 01/03/06 (c) 1,000 1,000 ------ TOTAL COMMERCIAL PAPERS (COST $1,000) 1,000 ------ CORPORATE BONDS (30.7%) AUTO MANUFACTURERS (2.2%) American Honda Finance Corp., 4.290%, 01/16/07 (b) (d) 2,500 2,504 DaimlerChrysler NA Holdings Corp., 7.250%, 01/18/06 1,025 1,026 DaimlerChrysler NA Holdings Corp., 6.400%, 05/15/06 1,000 1,005 ------ 4,535 ------ BANKS (4.5%) Bank One Corp., 7.600%, 05/01/07 1,000 1,033 BankBoston Corp., 6.500%, 12/19/07 765 790 Wachovia Corp., 4.274%, 07/20/07 (b) 2,500 2,503 Wells Fargo & Co., 4.520%, 03/10/08 (b) 3,000 3,002 World Savings Bank FSB, 4.168%, 10/19/07 (b) 2,100 2,099 ------ 9,427 ------ DIVERSIFIED FINANCIAL SERVICES (15.3%) American Express Centurion Bank, 4.450%, 11/16/07 (b) (e) 2,150 2,153 Bear Stearns & Co., Inc. (The), 5.700%, 01/15/07 500 504 Bear Stearns & Co., Inc. (The), 4.393%, 04/29/08 (b) 2,500 2,505 Capital One Financial Corp., 7.250%, 05/01/06 500 504 Capital One Financial Corp., 8.750%, 02/01/07 500 519 CIT Group, Inc., 4.588%, 05/18/07 (b) 2,500 2,507 CIT Group, Inc., 4.000%, 05/08/08 775 758 Citigroup, Inc., 5.000%, 03/06/07 1,000 1,001 Countrywide Home Loan, Inc., Ser M, 4.560%, 08/25/06 (b) 1,075 1,076 Credit Suisse First Boston USA, Inc., 5.875%, 08/01/06 500 503 General Electric Capital Corp., 4.125%, 03/04/08 1,500 1,477
Golden West Financial Corp., 4.125%, 08/15/07 550 544 Goldman Sachs Group, Inc. (The), 4.125%, 01/15/08 800 788 Goldman Sachs Group, Inc. (The), Ser MTN, 4.591%, 12/22/08 (b) 2,250 2,249 Household Finance Corp., 5.750%, 01/30/07 1,000 1,008 HSBC Finance Corp., 4.125%, 03/11/08 1,000 982 John Deere Capital Corp., 3.900%, 01/15/08 820 804 JPMorgan Chase & Co., 4.627%, 12/18/06 (b) 3,000 3,005 Lehman Brothers Holdings, Inc., 4.000%, 01/22/08 800 787 Lehman Brothers Holdings, Inc., Ser MTN, 4.284%, 10/22/08 (b) 850 850 Merrill Lynch & Co., Inc., Ser MTN, 4.831%, 10/27/08 505 504 Morgan Stanley, 4.263%, 01/12/07 (b) 2,500 2,503 Morgan Stanley, 5.800%, 04/01/07 1,000 1,010 Salomon Smith Barney Holdings, 6.500%, 02/15/08 550 568 TIAA Global Markets, 4.280%, 01/13/06 (b) (d) 3,000 3,000 ------ 32,109 ------ ELECTRIC (1.0%) American Electric Power Co., Inc., Ser A, 6.125%, 05/15/06 209 210 Commonwealth Edison, Co., 7.625%, 01/15/07 640 656 Virginia Electric & Power Co., 5.750%, 03/31/06 1,250 1,252 ------ 2,118 ------ INSURANCE (1.6%) MetLife Global Funding, 4.550%, 08/28/06 (b) (d) 3,250 3,254 ------ LODGING (0.5%) Park Place Entertainment, 8.500%, 11/15/06 1,095 1,124 ------ MEDIA (1.4%) TCI Communications, Inc., 6.875%, 02/15/06 1,440 1,443 Time Warner, Inc., 6.125%, 04/15/06 1,000 1,003 Time Warner, Inc., 6.150%, 05/01/07 500 506 ------ 2,952 ------ OIL & GAS (0.5%) Devon Energy Corp., 2.750%, 08/01/06 1,050 1,036 ------ PIPELINES (0.3%) Arkla, Inc., 8.900%, 12/15/06 660 682 ------ TELECOMMUNICATIONS (3.4%) BellSouth Corp., 4.465%, 11/15/07 (b) 1,940 1,943 France Telecom SA, 7.200%, 03/01/06 (b) 2,000 2,008
SBC Communications, Inc., 5.750%, 05/02/06 1,000 1,003 SBC Communications, Inc., 4.542%, 11/14/08 (b) 1,500 1,502 Verizon Global Funding Corp., 6.125%, 06/15/07 (e) 575 585 ------ 7,041 ------ TOTAL CORPORATE BONDS (COST $64,496) 64,278 ------ MASTER NOTES (1.4%) BANKS (1.4%) Bank of America Corp., 4.320%, 09/14/06 (b) 3,000 3,000 ------ TOTAL MASTER NOTES (COST $3,000) 3,000 ------ U.S. GOVERNMENT AGENCIES (30.9%) FANNIE MAE (10.2%) 7.510%, 04/01/07 1,257 1,277 6.805%, 11/01/07 1,434 1,455 5.000%, 11/23/07, Callable 02/23/06 @ 100 1,075 1,072 4.200%, 03/24/08, Callable 03/24/06 @ 100 (e) 1,500 1,480 3.250%, 08/15/08 2,200 2,121 4.500%, 04/25/09 747 745 5.969%, 06/01/09 747 764 6.575%, 07/01/09 1,869 1,941 4.500%, 04/01/10 805 789 3.500%, 06/25/10 896 887 6.250%, 08/25/30 899 908 5.074%, 05/01/32 (b) 435 438 3.652%, 08/01/33 (b) 771 750 5.333%, 09/01/33 (b) 944 952 5.302%, 10/01/33 (b) 1,105 1,128 3.357%, 01/01/34 (b) 951 950 4.332%, 03/01/34 (b) 952 942 4.329%, 06/01/35 (b) 690 682 4.429%, 09/25/35 (b) 1,593 1,593 4.250%, 06/25/43 361 360 ------ 21,234 ------ FEDERAL HOME LOAN BANK (1.0%) 4.900%, 11/21/07, Callable 11/21/06 @ 100 2,000 1,996 ------ FREDDIE MAC (18.3%) 4.500%, 08/22/07, Callable 08/22/06 @ 100 (e) 1,750 1,740 4.500%, 03/01/08 650 642 4.000%, 05/01/08 1,121 1,095 4.000%, 06/01/08 954 931 3.875%, 06/15/08 750 735 4.250%, 06/23/08, Callable 06/23/2006 @ 100 3,475 3,420 5.050%, 12/08/08, Callable 12/08/06 @ 100 1,000 1,001 4.625%, 12/19/08 1,050 1,047 4.000%, 03/15/10 1,527 1,522 3.500%, 05/15/11 558 554 4.000%, 11/15/11 797 787
3.750%, 12/15/11 799 779 5.000%, 02/15/14 734 734 5.000%, 05/15/15 4,494 4,489 5.000%, 09/15/15 732 732 4.500%, 11/15/15 851 842 5.500%, 12/15/15 81 81 5.000%, 12/15/17 911 910 4.415%, 01/15/18 (b) 4,185 4,197 3.500%, 05/15/19 503 496 5.000%, 12/15/20 863 863 3.000%, 04/15/21 2,659 2,626 3.000%, 04/15/21 2,863 2,828 4.000%, 04/15/21 624 619 4.500%, 04/15/25 2,362 2,335 3.670%, 08/01/33 (b) 777 759 4.283%, 03/01/34 (b) 1,295 1,266 4.980%, 04/01/34 (b) 313 312 -------- 38,342 -------- SALLIE MAE (1.4%) 4.691%, 09/15/06 (b) 3,000 3,006 -------- TOTAL U.S. GOVERNMENT AGENCIES (COST $65,078) 64,578 -------- SHORT-TERM INVESTMENTS (2.7%) CSFB Enhanced Liquidity Portfolio (f) 5,568,188 5,568 -------- TOTAL SHORT-TERM INVESTMENTS (COST $5,568) 5,568 -------- REPURCHASE AGREEMENT (2.4%) UBS Warburg LLC, 4.215%, dated 12/31/05, to be repurchased 01/03/06, repurchase price $5,119,729 (collaterized by U.S. Government Agencies, 4.500%, 02/15/30; total market value $5,222,766) 5,117 5,117 -------- TOTAL REPURCHASE AGREEMENT (COST $5,117) 5,117 -------- TOTAL INVESTMENTS (COST $215,259) (A) - 102.5% 214,349 LIABILITIES IN EXCESS OF OTHER ASSETS - (2.5)% (5,151) -------- NET ASSETS - 100.0% $209,198 ========
---------- (a) Cost for federal income tax purposes is $215,264 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $ 85 Unrealized Depreciation.................. (1,000) ------- Unrealized Appreciation (Depreciation)... $ (915) =======
(b) Variable rate security. Rate presented represents rate in effect at December 31, 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 December 31, 2005. The total value of securities on loan at December 31, 2005 in thousands was $5,410. (f) This security was purchased with cash collateral held from securities lending. Cl - Class LLC - Limited Liability Corporation LP - Limited Partnership Ser - Series SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FIXED INCOME FUNDS U.S. GOVERNMENT SECURITIES FUND Schedule of Portfolio Investments December 31, 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, Ser 2003-A7, Cl A7, 2.650%, 11/15/10 $ 1,000 $ 951 -------- TOTAL ASSET BACKED SECURITIES (COST $974) 951 -------- U.S. GOVERNMENT AGENCIES (46.0%) FANNIE MAE (30.1%) 4.000%, 11/01/13 6,766 6,546 6.000%, 07/01/16 1,702 1,740 6.000%, 07/01/16 916 936 5.500%, 04/01/17 2,434 2,452 5.500%, 09/01/17 2,077 2,091 5.500%, 04/01/18 1,033 1,040 6.290%, 08/01/18 1,182 1,217 5.500%, 11/01/18 7,409 7,458 4.500%, 01/01/19 10,055 9,807 5.000%, 03/01/19 17,093 16,933 7.000%, 06/01/32 1,237 1,291 6.000%, 03/01/33 1,741 1,760 4.103%, 08/01/33 (b) 8,887 8,791 6.000%, 10/01/33 2,864 2,894 3.994%, 11/01/33 (b) 3,094 3,030 6.000%, 01/01/34 3,811 3,851 6.000%, 02/01/34 4,616 4,664 6.000%, 02/01/34 2,983 3,012 6.000%, 04/01/34 8,305 8,384 4.552%, 05/01/34 (b) 5,783 5,698 4.748%, 05/01/34 (b) 8,359 8,135 4.025%, 06/01/34 (b) 3,472 3,392 4.253%, 06/01/34 (b) 2,093 2,061 6.000%, 03/01/35 2,483 2,506 5.500%, 06/01/35 4,548 4,504 -------- 114,193 -------- FREDDIE MAC (14.6%) 4.875%, 11/15/13 6,500 6,531 4.500%, 01/01/19 11,570 11,284 5.000%, 04/01/19 18,499 18,341 5.318%, 03/01/33 (b) 7,379 7,288 5.178%, 04/01/33 (b) 2,419 2,379 6.000%, 01/01/34 2,576 2,602 4.500%, 08/01/35 7,678 7,223 -------- 55,648 -------- GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (1.3%) 6.000%, 12/15/31 1,989 2,039 5.500%, 12/15/32 2,024 2,040 6.000%, 03/15/33 988 1,013 -------- 5,092 --------
TOTAL U.S. GOVERNMENT AGENCIES (COST $177,047) 174,933 --------- U.S. TREASURY OBLIGATIONS (49.0%) U.S. TREASURY BONDS (11.0%) 9.375%, 02/15/06 (c) 15,000 15,090 5.375%, 02/15/31 (c) 23,735 26,661 --------- 41,751 --------- U.S. TREASURY INFLATION PROTECTED NOTES/BONDS (5.0%) 1.625%, 01/15/15 18,750 18,845 --------- U.S. TREASURY NOTES (33.0%) 1.625%, 02/28/06 (c) 20,300 20,224 2.000%, 05/15/06 (c) 12,500 12,395 3.625%, 07/15/09 (c) 32,350 31,559 6.000%, 08/15/09 (c) 20,000 21,078 3.375%, 09/15/09 (c) 27,750 26,823 4.250%, 08/15/13 (c) 13,150 13,032 --------- 125,111 --------- TOTAL U.S. TREASURY OBLIGATIONS (COST $186,277) 185,707 --------- SHORT-TERM INVESTMENTS (34.2%) CSFB Enhanced Liquidity Portfolio (d) 130,098,463 130,098 --------- TOTAL SHORT-TERM INVESTMENTS (COST $130,098) 130,098 --------- REPURCHASE AGREEMENTS (16.1%) Merrill Lynch & Co., Inc., 4.105%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $61,348,635 (collateralized by U.S. Government Agencies, 5.500% - 6.255%, due 09/01/13 - 10/01/33; total market value $62,549,385) 61,321 61,321 --------- TOTAL REPURCHASE AGREEMENTS (COST $61,321) 61,321 --------- TOTAL INVESTMENTS (COST $555,717) (A) - 145.6% 553,010 LIABILITIES IN EXCESS OF OTHER ASSETS - (45.6)% (173,109) --------- NET ASSETS - 100.0% $ 379,901 =========
---------- (a) Cost for federal income tax purposes is $555,392 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $ 1,850 Unrealized Depreciation.................. (4,232) ------- Unrealized Appreciation (Depreciation)... $(2,382) =======
(b) Variable rate security. Rate presented represents rate in effect at December 31, 2005. Maturity date represents actual maturity date. (c) This security or a partial position of the security was on loan at December 31, 2005. The total value of securities on loan at December 31, 2005 in thousands was $125,844. (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 FUNDS U.S. GOVERNMENT SECURITIES ULTRA-SHORT BOND FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
PRINCIPAL AMOUNT VALUE --------- ------ ASSET BACKED SECURITIES (11.3%) DIVERSIFIED FINANCIAL SERVICES (11.3%) Access Group, Inc., Ser 2003-1, Cl A6, 4.370%, 12/26/35 (b) $ 500 $ 500 College Loan Corp. Trust, Ser 2005-1, Cl A1, 4.230%, 01/25/14 (b) 750 750 College Loan Corp. Trust, Ser 2005-2, Cl A1, 3.840%, 01/15/15 (b) 525 525 Collegiate Funding Services Education Loan, Ser 2003-5, Cl A6, 4.400%, 12/28/43 (b) 500 500 KeyCorp Student Loan Trust, Ser 2004-A, Cl 1A1, 3.703%, 04/27/17 (b) 510 510 Nelnet Student Loan Corp., Ser 2002-A, Cl A7, 4.150%, 06/01/35 (b) 500 500 Nelnet Student Loan Trust, Ser 2005-4, Cl A1, 4.304%, 12/22/18 (b) 800 800 SLC Student Loan Trust, Ser 2005-2, Cl A1, 4.491%, 03/15/18 (b) 803 803 SLM Student Loan Trust, Ser 1998-1, Cl A2, 4.759%, 10/25/11 (b) 663 669 SLM Student Loan Trust, Ser 2005-10, Cl A2, 4.565%, 04/25/15 (b) 500 498 ------ TOTAL ASSET BACKED SECURITIES (COST $6,057) 6,055 ------ MASTER NOTES (0.9%) BANKS (0.9%) Bank of America Corp., 4.320%, 09/14/06 (b) 500 500 ------ TOTAL MASTER NOTES (COST $500) 500 ------ TAXABLE MUNICIPAL BONDS (1.9%) CONNECTICUT (1.0%) Connecticut Student Loan Foundation, Student Loan, Ser A-4, RB, 4.340%, 06/01/34 (b) 500 500 ------ TEXAS (0.9%) Panhandle Plains, Higher Education Authority, Student Loan, Ser A2, RB, 4.280%, 01/01/40 (b) 500 500 ------ TOTAL TAXABLE MUNICIPAL BONDS (COST $1,000) 1,000 ------ U.S. GOVERNMENT AGENCIES (71.5%) FANNIE MAE (21.5%) 2.030%, 02/09/06 1,000 997 7.510%, 04/01/07 704 715 7.004%, 08/01/07 184 188
5.000%, 11/23/07, Callable 02/23/06 @ 100 325 324 4.200%, 03/24/08, Callable 03/24/06 @ 100 (d) 905 893 3.250%, 08/15/08 1,400 1,350 4.500%, 04/25/09 249 248 5.969%, 06/01/09 (b) 199 204 4.500%, 04/01/10 805 789 3.500%, 06/25/10 299 296 3.000%, 06/25/19 1,040 1,024 5.074%, 05/01/32 (b) 495 499 3.250%, 11/25/32 298 292 3.652%, 08/01/33 (b) 831 809 5.333%, 09/01/33 (b) 410 414 5.302%, 10/01/33 (b) 473 483 3.357%, 01/01/34 (b) 428 427 4.332%, 03/01/34 (b) 844 836 4.329%, 06/01/35 (b) 223 220 4.429%, 09/25/35 (b) 537 538 4.250%, 06/25/43 60 60 ------ 11,606 ------ FEDERAL FARM CREDIT BANK (11.2%) 4.900%, 03/21/06 1,000 1,001 4.221%, 12/01/06 (b) 2,500 2,499 4.226%, 04/04/07 (b) 1,500 1,502 4.099%, 05/01/07 (b) 1,000 1,000 ------ 6,002 ------ FREDDIE MAC (38.8%) 1.750%, 01/09/06 4,000 3,998 2.740%, 05/12/06, Callable 02/12/06 @ 100 1,125 1,117 4.500%, 08/22/07, Callable 08/22/06 @ 100 (d) 1,100 1,093 4.500%, 03/01/08 650 642 4.000%, 05/01/08 214 209 4.000%, 06/01/08 424 414 4.250%, 06/23/08, Callable 06/23/2006 @ 100 1,600 1,575 5.050%, 12/08/08, Callable 12/08/06 @ 100 400 400 4.625%, 12/19/08 275 274 4.000%, 03/15/10 510 509 3.500%, 05/15/11 186 185 4.000%, 11/15/11 503 497 3.750%, 12/15/11 340 331 5.000%, 02/15/14 450 450 5.000%, 05/15/15 1,119 1,117 5.000%, 09/15/15 244 244 5.500%, 12/15/15 182 183 4.415%, 01/15/18 (b) 1,514 1,518 3.500%, 05/15/19 423 418 5.000%, 12/15/20 502 502 3.000%, 04/15/21 1,227 1,212 3.000%, 04/15/21 1,329 1,313 4.000%, 04/15/21 184 183 3.500%, 01/15/23 453 446 4.500%, 04/15/25 472 467 3.670%, 08/01/33 (b) 777 760 4.283%, 03/01/34 (b) 716 700 4.980%, 04/01/34 (b) 153 152 ------ 20,909 ------
TOTAL U.S. GOVERNMENT AGENCIES (COST $38,806) 38,517 ------- SHORT-TERM INVESTMENTS (2.4%) CSFB Enhanced Liquidity Portfolio (e) 1,266,975 1,267 ------- TOTAL SHORT-TERM INVESTMENTS (COST $1,267) 1,267 ------- REPURCHASE AGREEMENT (13.9%) Merrill Lynch & Co., Inc., 4.105%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $2,111,871 (collateralized by U.S. Government Agencies, 6.255%, due 09/01/13; total market value $2,156,589) 2,111 2,111 UBS Warburg LLC, 4.215% dated 12/30/05, to be repurchased on 01/03/06, repurchase price $5,375,485 (collateralized by U.S. Government Agencies, 4.500%, due 08/15/30; total market value $5,481,516) 5,373 5,373 ------- TOTAL REPURCHASE AGREEMENT (COST $7,484) 7,484 ------- 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 $55,214) (A) - 102.1% 54,923 LIABILITIES IN EXCESS OF OTHER ASSETS - (2.1)% (1,104) ------- NET ASSETS - 100.0% $53,819 =======
---------- (a) Cost for federal income tax purposes is $55,219 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $ 10 Unrealized Depreciation.................. (306) ----- Unrealized Appreciation (Depreciation)... $(296) =====
(b) Variable rate security. Rate presented represents rate in effect at December 31, 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 December 31, 2005. The total value of securities on loan at December 31, 2005 in thousands was $1,222. (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 VIRGINIA INTERMEDIATE MUNICIPAL BOND FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------ MUNICIPAL BONDS (98.0%) VIRGINIA (93.8%) Albemarle County Industrial Development Authority, Residential Care Facilities, Ser A, RB, 5.000%, 01/01/07, Callable 01/01/06 @ 101 $ 55 $ 55 Arlington County Industrial Development Authority, Hospital Facilities, RB, 5.500%, 07/01/06 2,000 2,022 Arlington County Industrial Development Authority, Hospital Facilities, RB, 5.500%, 07/01/11 2,000 2,164 Arlington County Industrial Development Authority, Hospital Facilities, RB, 5.500%, 07/01/17, Callable 07/01/11 @ 101 2,225 2,446 Arlington County Industrial Development Authority, Resource Recovery, Ser B, RB, AMT, 5.375%, 01/01/11, Callable 07/01/08 @ 101 2,785 2,905 Big Stone Gap Redevelopment & Housing Authority, Correctional Facilities, RB, 5.000%, 09/01/12 3,000 3,222 Chesapeake Bay Bridge & Tunnel Commission, Ser A39, RB, 3.540%, 07/01/25, MBIA (b) 1,500 1,500 Chesapeake Water & Sewer Project, GO, 5.000%, 12/01/19, Callable 12/01/14 @ 101 2,465 2,657 Chesapeake Water & Sewer Project, GO, 5.000%, 12/01/20, Callable 12/01/14 @ 101 3,640 3,913 Chesapeake, GO, 5.400%, 12/01/08 2,500 2,644 Chesterfield County Public Improvement, GO, 5.000%, 01/01/14 3,440 3,754 Commonwealth Transportation Board, Ser A, RB, 5.375%, 05/15/13, Callable 05/01/11 @ 100 2,045 2,217 Fairfax County Industrial Development Authority, Health Care, Inova Health System Project, RB, 6.000%, 08/15/26, Callable 08/15/06 @ 102 810 839 Fairfax County Water Authority, RB, 6.000%, 04/01/22, Callable 04/01/07 @ 102 5,590 5,874
Fairfax County, Public Improvement, Ser A, GO, 5.000%, 06/01/06 1,000 1,008 Fauquier County Industrial Development Authority, Hospital Facilities, RB, 5.000%, 10/01/06, Radian 1,180 1,193 Front Royal & Warren County Development Authority, Ser B, RB, 5.000%, 04/01/23, Callable 04/01/14 @ 100, FSA 2,485 2,613 Greater Richmond Convention Center Authority, Hotel Tax, RB, 6.000%, 06/15/13, Callable 06/15/10 @ 101 3,185 3,538 Greater Richmond Convention Center Authority, Hotel Tax, RB, 5.000%, 06/15/14, MBIA 1,575 1,705 Greater Richmond Convention Center Authority, Hotel Tax, RB, 5.000%, 06/15/16, Callable 06/15/15 @ 100, MBIA 2,855 3,079 Halifax County Industrial Development Authority, RB, 3.000%, 09/01/06 1,125 1,121 Hampton, Ser A, GO, 5.500%, 07/15/18, Callable 07/15/12 @ 101 1,275 1,409 Hanover County Industrial Development Authority, Regional Medical Care Project, RB, 6.375%, 08/15/18, MBIA 5,100 6,038 Henrico County Economic Development Authority, Residential Care Facilities, Ser A, RB, 3.750%, 06/01/06 255 255 Henrico County Economic Development Authority, Residential Care Facilities, Ser A, RB, 4.250%, 06/01/07 525 529 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 1,070 Henrico County Economic Development Authority, Residential Care Facilities, Westminster Centerbury Project, Ser B, RB, 3.520%, 07/01/08 (b) 485 485 Henrico County Industrial Development Authority, Bon Secours Health System, Ser B, RB, 5.150%, 06/01/07, Callable 06/01/06 @ 102, MBIA 2,500 2,565 Henrico County, GO, 5.000%, 01/15/08 2,220 2,297 Lexington Industrial Development Authority, Hospital Facility, Ser E01, RB, 3.560%, 07/01/30, Callable 07/01/10 @ 102, LOC: Wachovia Bank NA (b) 3,080 3,081 Loudoun County Industrial Development Authority, Loudoun Hospital Center, RB, 6.000%, 06/01/22, Prefunded 06/01/12 @ 101 1,000 1,130 Loudoun County Industrial Development Authority, Residential Care Facilities, Ser A, RB, 6.000%, 08/01/24, Callable 08/01/14 @ 100 1,000 1,056
Loudoun County Industrial Development Authority, Residential Care Facilities, Ser B, RB, 5.000%, 08/01/28, Callable 08/01/07 @ 101 1,075 1,103 Loudoun County Sanitation Authority, Water & Sewage, RB, 5.000%, 01/01/25, Callable 01/01/15 @ 100 3,165 3,343 Loudoun County, Public Improvement, Ser B, GO, 5.000%, 06/01/16, Callable 06/01/15 @ 100 4,635 5,059 Loudoun County, Ser A, GO, 5.000%, 07/01/13 3,000 3,270 Louisa Industrial Development Authority, Pollution Control, Electric & Power Co., RB, 5.250%, 12/01/08, Callable 11/08/06 @ 101 650 666 Montgomery County Industrial Development Authority, RB, 5.500%, 01/15/18, Callable 01/15/12 @ 101, AMBAC 1,865 2,043 Newport News, GO, 5.250%, 07/01/15 3,000 3,337 Norfolk Industrial Development Authority, RB, 6.900%, 06/01/06, AMBAC 1,000 1,014 Peninsula Ports Authority, Residential Care Facility, Ser A, RB, 7.375%, 12/01/23, Callable 12/01/13 @ 100 1,525 1,706 Portsmouth, Ser A, GO, 5.000%, 04/01/14 2,005 2,184 Richmond, GO, 5.500%, 01/15/12, Callable 01/15/11 @ 101, FSA 2,500 2,741 Richmond, GO, 5.500%, 01/15/18, Callable 01/10/11 @ 101, LOC: FSA 2,755 2,996 Roanoke Industrial Development Authority, Carilion Health System, Ser A, RB, 5.750%, 07/01/13, Callable 07/01/12 @ 100, MBIA 2,000 2,216 Roanoke Industrial Development Authority, Carilion Health System, Ser A, RB, 5.750%, 07/01/14, Callable 07/01/12 @ 100, MBIA 2,000 2,208 Roanoke Industrial Development Authority, Carilion Health System, Ser A, RB, 5.500%, 07/01/18, Callable 07/01/12 @ 100, MBIA 2,000 2,157 Roanoke Industrial Development Authority, Carilion Health System, Ser C, RB, 3.700%, 07/01/27, Prerefunded 03/01/06 @ 100, LOC: Wachovia Bank N.A. (b) 1,360 1,360 Roanoke Public Improvement, Ser B, GO, 5.000%, 02/01/24, Callable 02/01/15 @ 101 2,500 2,657 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 1,000 991
Southwest Regional Jail Authority Facilities, RB, 3.000%, 09/01/06 1,750 1,747 Spotsylvania County Water & Sewer, RB, 5.000%, 06/01/26, LOC: FSA 2,635 2,772 Tobacco Settlement Financing Corp., RB, 4.000%, 06/01/13 1,000 997 Tobacco Settlement Financing Corp., RB, 5.250%, 06/01/19, Callable 06/01/15 @ 100 1,750 1,782 Tobacco Settlement Financing Corp., RB, 5.500%, 06/01/26, Callable 06/01/15 @ 100 3,000 3,064 Virginia Beach Development Authority, Ser A, RB, 5.375%, 08/01/16, Callable 08/01/12 @ 100 1,650 1,801 Virginia Beach, Public Improvement, Ser B, GO, 5.000%, 05/01/13 2,500 2,709 Virginia College Building Authority, Educational Facilities Project, RB, 5.375%, 01/01/21, Callable 01/01/16 @ 100 2,990 3,407 Virginia College Building Authority, Educational Facilities Project, Ser A, RB, 5.000%, 02/01/15, Callable 02/01/14 @ 100 4,510 4,876 Virginia College Building Authority, Educational Facilities, Public Higher Education Financing Program, Ser A, RB, 5.000%, 09/01/10 3,000 3,201 Virginia Education Loan Authority, Guaranteed Student Loan Program, Ser B, RB, AMT, 5.550%, 09/01/10 1,190 1,194 Virginia Housing Development Authority, Commonwealth Mortgage Project, Ser A, RB, AMT, 2.000%, 07/01/06 750 744 Virginia Housing Development Authority, Multifamily, Ser E, RB, AMT, 5.350%, 11/01/11, Callable 01/01/08 @ 102 1,250 1,308 Virginia Housing Development Authority, Multifamily, Ser H, RB, AMT, 5.625%, 11/01/18, Callable 11/01/09 @ 100 3,500 3,629 Virginia Housing Development Authority, Multifamily, Ser I, RB, AMT, 4.875%, 11/01/12, Callable 01/01/09 @ 101 1,950 2,001 Virginia Polytechnic Institute & State University, Ser D, RB, 5.125%, 06/01/21, Callable 06/01/14 @ 101, AMBAC 1,095 1,185 Virginia Port Authority, Commonwealth Port Fund, RB, AMT, 5.900%, 07/01/16, Callable 07/01/06 @ 101 2,000 2,044 Virginia Public School Authority, School Financing, Ser B, RB, 5.125%, 08/01/13, Prefunded 08/01/06 @ 102, 1,000 1,031 Virginia Public School Authority, Ser B, RB, 5.000%, 08/01/13, Callable 08/01/10 @ 101 2,910 3,113
Virginia Resources Authority, Infrastructure, RB, 5.000%, 11/01/22, Callable 11/01/13 @ 100 1,670 1,772 Virginia State Resource Authority, Senior Infrastructure, Ser B, RB, 5.000%, 11/01/26, Callable 11/01/14 @ 100 2,185 2,306 Virginia Transportation Board Contract, Ser B, RB, 6.750%, 05/15/06 3,605 3,652 Winchester, Public Improvement, GO, 5.000%, 11/01/18, Callable 11/01/15 @ 100, FGIC 2,580 2,791 York County Industrial Development Authority, Pollution Control Project, RB, 5.500%, 07/01/09, Callable 11/08/06 @ 101 640 657 -------- 166,250 -------- PUERTO RICO (4.2%) Puerto Rico Commonwealth Highway & Transportation Authority, Ser AA, RB, 5.000%, 07/01/06 1,500 1,511 Puerto Rico Electric Power Authority, Ser RR, RB, 5.000%, 07/01/26, Callable 07/01/15 @ 100, XLCA 2,610 2,751 Puerto Rico Municipal Financial Agency, Ser A, GO, 5.000%, 08/01/22, Callable 08/01/15 @ 100, FSA 3,000 3,206 -------- 7,468 -------- TOTAL MUNICIPAL BONDS (COST $170,833) 173,718 -------- MONEY MARKET FUNDS (1.0%) Federated Virginia Municipal Cash Trust, Institutional Class 1,717,486 1,717 -------- TOTAL MONEY MARKET FUNDS (COST $1,717) 1,717 -------- TOTAL INVESTMENTS (COST $172,550) (A) - 99.0% 175,435 OTHER ASSETS IN EXCESS OF LIABILITIES - 1.0% 1,824 -------- NET ASSETS - 100.0% $177,259 ========
---------- (a) Cost for federal income tax purposes is $172,566 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $3,266 Unrealized Depreciation.................. (397) ------ Unrealized Appreciation (Depreciation)... $2,869 ======
(b) Variable rate security. Rate presented represents rate in effect at December 31, 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 XLCA - Security insured by XL Capital Assurance, Inc. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FIXED INCOME FUNDS VIRGINIA MUNICIPAL BOND FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------ MUNICIPAL BONDS (96.8%) 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 $1,069 ------ VIRGINIA (94.9%) Amherst County Service Authority, RB, 6.000%, 12/15/20, Callable 12/15/10 @ 102 500 527 Amherst County Service Authority, RB, 6.000%, 12/15/30, Callable 12/15/10 @ 102 1,750 1,827 Blacksburg Polytechnic Institute Sanitation Authority, Sewer System, RB, 4.150%, 11/01/06 500 504 Bristol Utility System, RB, 5.250%, 07/15/23, Callable 07/15/13 @ 100, LOC: MBIA 1,000 1,085 Fairfax County Sewer, RB, 5.800%, 07/15/22, Callable 07/15/06 @ 102, MBIA 1,000 1,033 Fairfax City, GO, 5.000%, 01/15/26, Callable 01/15/15 @ 100 1,000 1,060 Fairfax County, Ser A, GO, 5.000%, 04/01/16, Callable 04/01/14 @ 100 1,500 1,624 Greater Richmond Convention Center Authority, Hotel Tax, RB, 5.500%, 06/15/08 550 575 Greater Richmond Convention Center Authority, Hotel Tax, RB, 5.000%, 06/15/25, Callable 06/15/15 @ 100, MBIA 1,000 1,051 Greater Richmond Convention Center Authority, Hotel Tax, RB, 6.125%, 06/15/25, Callable 06/15/10 @ 101 1,200 1,338 Hampton Virginia Golf Course, RB, 6.000%, 12/01/12 866 895 Hanover County Industrial Development Authority, Regional Medical Care Project, RB, 6.375%, 08/15/18, LOC: MBIA 1,000 1,184 Henrico County Economic Development Authority, Ser A, RB, 5.850%, 07/20/19, Callable 07/20/09 @ 102, GNMA 400 429 Henrico County Economic Development Authority, Ser A, RB, 5.900%, 07/20/29, Callable 07/20/09 @ 102, GNMA 500 541
Henrico County Industrial Development Authority, RB, AMT, 3.350%, 03/01/16, Callable 02/17/06 @ 100, LOC: First Union National Bank 1,045 1,030 Henry County Public Service Authority, Water & Sewer, RB, 5.250%, 11/15/13, FSA 1,500 1,649 King George County Industrial Development Authority, Exempt Facility, Birchwood Power Partners, Ser B, RB, AMT, 3.800%, 12/01/24, LOC: Bank of Nova Scotia (b) 500 500 Loudoun County Industrial Development Authority, Public Safety Facilities Lease, Ser A, RB, 5.250%, 12/15/17, Callable 06/15/14 @ 100 1,110 1,209 Loudoun County Industrial Development Authority, Residential Care Facilities, Ser A, RB, 6.000%, 08/01/24, Callable 08/01/14 @ 100 750 792 Loudoun County, Public Improvement, Ser B, GO, 5.000%, 06/01/17, Callable 06/01/15 @ 100 1,000 1,087 Lynchburg Industrial Development Authority, Healthcare Facilities, Centra Health, RB, 5.200%, 01/01/23, Prerefunded 01/01/08 @ 101 1,015 1,060 Newport News Redevelopment & Housing Authority, RB, 5.850%, 12/20/30, Callable 08/20/07 @ 102, GNMA 500 518 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 1,113 Prince William County Virginia, Industrial Development Authority, ATCC Lease Project, RB, 5.000%, 02/01/15 1,010 1,094 Prince William County Virginia, Industrial Development Authority, ATCC Lease Project, RB, 5.250%, 02/01/16 1,055 1,166 Richmond Industrial Development Authority, Student Housing, RB, 5.450%, 01/01/21, Callable 01/01/11 @ 102 1,000 1,069 Richmond Public Utility, RB, 5.000%, 01/15/23, Callable 01/15/15 @ 100, FSA 1,000 1,060 Richmond, GO, 5.500%, 01/15/15, Callable 01/15/11 @ 101 1,290 1,411 Richmond, GO, 5.500%, 01/15/18, Callable 01/10/11 @ 101, LOC: FSA 1,000 1,088 Roanoke Industrial Development Authority, Carilion Health System, Ser A, RB, 5.500%, 07/01/16, Callable 07/01/12 @ 100, MBIA 1,000 1,081
Roanoke Industrial Development Authority, Carilion Health System, Ser A, RB, 5.500%, 07/01/21, Callable 07/01/12 @ 100, MBIA 1,000 1,077 Roanoke Industrial Development Authority, Carilion Health System, Ser C, RB, 3.700%, 07/01/27, Prerefunded 03/01/06 @ 100, LOC: Wachovia Bank N.A. (b) 2,365 2,365 Spotsylvania County Water & Sewer Systems, RB, 5.000%, 06/01/15, FSA 1,000 1,091 Spotsylvania County Water & Sewer, RB, 5.000%, 06/01/26, FSA 1,000 1,052 Tobacco Settlement Financing Corp., RB, 4.000%, 06/01/13 1,000 997 Tobacco Settlement Financing Corp., RB, 5.250%, 06/01/19, Callable 06/01/15 @ 100 240 244 Tobacco Settlement Financing Corp., RB, 5.500%, 06/01/26, Callable 06/01/15 @ 100 1,000 1,021 University of Virginia, RB, 5.000%, 06/01/17, Callable 06/01/15 @ 100 1,000 1,083 Upper Occoquan Sewer Authority, RB, 5.000%, 07/01/21, Callable 07/01/15 @ 100, FSA 1,000 1,069 Upper Occoquan Sewer Authority, RB, 5.000%, 07/01/25, Callable 07/01/15 @ 100, FSA 1,000 1,059 Virginia College Building Authority, Educational Facilities, Public Higher Education Financing Program, Ser A, RB, 5.000%, 09/01/10 1,245 1,328 Virginia Commonwealth Transportation Board, Ser A, RB, 5.375%, 05/15/12, Callable 05/15/11 @ 100 1,500 1,629 Virginia Housing Development Authority, Ser D, RB, AMT, 5.375%, 04/01/06 715 718 Virginia Polytechnic Institute & State University, Ser D, RB, 5.125%, 06/01/21, Callable 06/01/14 @ 101, AMBAC 1,000 1,083 Virginia Port Authority, Commonwealth Port Fund, RB, AMT, 5.900%, 07/01/16, Callable 07/01/06 @ 101 1,000 1,022 Virginia Public School Authority, 5.000%, 08/01/15 1,000 1,090 Virginia Public School Authority, Ser A, RB, 5.000%, 08/01/24, Callable 08/01/14 @ 100 1,365 1,438 Virginia Resources Authority, Infrastructure, RB, 5.000%, 11/01/22, Callable 11/01/13 @ 100 1,250 1,326 Virginia Resources Authority, Infrastructure, Ser A, RB, 5.800%, 05/01/30, Callable 05/01/11 @ 101, MBIA 1,500 1,647 -----
53,526 ------- TOTAL MUNICIPAL BONDS (COST $53,175) 54,595 ------- MONEY MARKET FUNDS (2.3%) Federated Virginia Municipal Cash 1,312,385 1,312 ------- Trust, Institutional Class TOTAL MONEY MARKET FUNDS (COST $1,312) 1,312 ------- TOTAL INVESTMENTS (COST $54,487)(A) - 99.1% 55,907 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.9% 516 ------- NET ASSETS - 100.0% $56,423 =======
---------- (a) Cost for federal income tax purposes is $54,503 (amount in thousands). Unrealized appreciation/ (depreciation) on a tax basis is as follows (amounts in thousands): Unrealized Appreciation.................. $1,524 Unrealized Depreciation.................. (120) ------ Unrealized Appreciation (Depreciation)... $1,404 ======
(b) Variable rate security. Rate presented represents rate in effect at December 31, 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 FUNDS PRIME QUALITY MONEY MARKET FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- -------- CERTIFICATES OF DEPOSIT (9.2%) BANKS (9.2%) Barclays Bank PLC, 4.055%, 01/06/06 $50,000 $ 50,000 Barclays Bank PLC NY, 4.110%, 01/17/06 40,000 40,000 Calyon, Inc. NY, 4.300%, 04/26/06 40,000 39,984 Credit Suisse First Boston LLC, 4.300%, 01/06/06 (b) 11,000 11,000 Credit Suisse First Boston LLC, 4.340%, 05/19/06 (b) 50,000 50,000 Fortis Bank NY, 3.610%, 06/07/06 50,000 50,000 Regions Bank, 4.020%, 01/03/06 25,000 25,000 Royal Bank of Scotland NY, 4.280%, 01/31/06 80,000 79,998 Societe Generale NY, 4.300%, 01/31/06 50,000 50,000 Toronto-Dominion Bank, 3.635%, 04/10/06 75,000 75,002 Wells Fargo Bank NY, 4.300%, 01/11/06 60,000 60,000 -------- TOTAL CERTIFICATES OF DEPOSIT (COST $530,984) 530,984 -------- COMMERCIAL PAPERS (48.8%) AGRICULTURAL SERVICES (0.9%) Cargill, Inc., 4.324%, 01/05/06 (c)(d) 49,960 49,936 -------- BANKS (8.1%) ANZ National International Ltd., 4.200%, 01/12/06 (c) (d) 10,800 10,786 ANZ National International Ltd., 4.093%, 01/13/06 (c) (d) 32,000 31,957 ANZ National International Ltd., 4.128%, 01/19/06 (c) (d) 50,000 49,898 Bank of Ireland, 4.369%, 02/14/06 (c) (d) 6,300 6,267 Calyon, Inc., 4.323%, 01/03/06 (c) 80,000 79,980 Credit Suisse First Boston USA, Inc., 4.169%, 02/14/06 (c) (d) 30,000 29,849 DEPFA Bank PLC, 4.030%, 01/03/06 (c)(d) 30,000 29,993 Deutsche Bank Financial LLC, 4.394%, 01/03/06 (c) 50,000 49,988
DnB Nor Bank ASA, 4.107%, 01/13/06 (c) 15,800 15,778 Northern Rock PLC, 4.357%, 03/14/06 (c) (d) 25,000 24,785 Rabobank USA Financial Corp., 4.329%, 04/03/06 (c) 32,025 31,677 Skandinaviska Enskilda Banken AB, 4.078%, 01/05/06 (c) (d) 27,500 27,488 Skandinaviska Enskilda Banken AB, 4.351%, 02/09/06 (c) (d) 10,900 10,849 Skandinaviska Enskilda Banken AB, 4.385%, 02/17/06 (c) (d) 8,150 8,104 Societe Generale, 4.151%, 02/03/06 (c) 13,600 13,549 Societe Generale, 4.213%, 03/13/06 (c) 20,000 19,837 Swedbank, 4.215%, 01/18/06 (c) 21,450 21,408 UBS Finance Delaware LLC, 4.301%, 01/03/06 (c) 10,823 10,820 ------- 473,013 ------- DIVERSIFIED FINANCIAL SERVICES (33.4%) Alliance & Leicester PLC, 4.108%, 01/09/06 (c) (d) 9,000 8,992 Alliance & Leicester PLC, 4.254%, 02/13/06 (c) (d) 49,537 49,288 Amstel Funding Corp., 4.544%, 05/08/06, LOC: ABN AMRO Bank N.V. (c) (d) 23,876 23,500 Atlantis One Funding Corp, 4.246%, 02/07/06 (c) (d) 9,235 9,195 Atlantis One Funding Corp., 4.181%, 01/20/06 (c) (d) 18,221 18,181 Atlantis One Funding Corp., 4.459%, 03/21/06 (c) (d) 17,675 17,504 Barclays US Funding Corp., 4.251%, 02/07/06 (c) 50,000 49,784 Barton Capital LLC, 4.178%, 01/05/06 (c) (d) 5,043 5,041 Barton Capital LLC, 4.042%, 01/06/06, LOC: Societe Generale (c) (d) 50,000 49,972 BNP Paribas, 4.209%, 01/31/06 (c) 29,000 28,899 BNP Paribas, 4.475%, 03/31/06 (c) 25,000 24,727 BNP Paribas, 4.339%, 04/03/06 (c) 30,000 29,673 Cargill Global Funding PLC, 4.324%, 01/04/06 (c) (d) 50,000 49,982 Ciesco LLC, 4.090%, 01/04/06 (c) (d) 50,000 49,983 Ciesco LLC, 4.180%, 01/11/06 (c) (d) 30,000 29,965 CIT Group, Inc., 4.140%, 01/03/06 (c) 27,375 27,369 CIT Group, Inc., 4.189%, 02/03/06 (c) 10,000 9,962 CIT Group, Inc., 4.000%, 02/16/06 (c) 25,000 24,875 CIT Group, Inc., 4.285%, 04/06/06 (c) 36,000 35,601 CIT Group, Inc., 4.404%, 04/11/06 (c) 25,000 24,700
Cullinan Finance Corp., 4.425%, 02/23/06 (c) (d) 24,723 24,563 Cullinan Finance Corp., 4.469%, 03/21/06 (c) (d) 8,693 8,609 Cullinan Finance Corp., 4.455%, 03/23/06 (c) (d) 61,919 61,305 Danske Corp, 4.276%, 01/30/06 (c) (d) 63,800 63,580 Danske Corp., 4.297%, 01/12/06 (c)(d) 25,222 25,189 Dexia Delaware LLC, 4.180%, 1/10/06 (c) 37,375 37,336 Dresdner US Finance, Inc., 4.189%, 01/09/06 (c) 50,000 49,954 Dresdner US Finance, Inc., 4.462%, 04/17/06 (c) 25,000 24,678 Dresdner US Finance, Inc., 4.546%, 05/08/06 (c) 25,000 24,607 Edison Asset Securitization LLC, 4.366%, 02/08/06, LOC: GE Capital Corp. (c) (d) 5,500 5,475 Fairway Finance Corp., 4.311%, 01/06/06, LOC: Bank of Montreal (c) (d) 18,667 18,656 Fairway Finance Corp., 4.152%, 01/09/06, LOC: Bank of Montreal (c) (d) 34,417 34,385 Fairway Finance Corp., 4.163%, 01/11/06, LOC: Bank of Montreal (c) (d) 9,701 9,690 Fountain Square Commercial Funding Corp., 4.162%, 01/03/06 (c) (d) 100,000 99,976 Fountain Square Commercial Funding Corp., 4.178%, 01/06/06 (c) (d) 5,000 4,997 Fountain Square Commercial Funding Corp., 4.202%, 01/13/06 (c) (d) 18,539 18,513 Fountain Square Commercial Funding Corp., 4.192%, 01/27/06 (c) (d) 24,000 23,928 Grampian Funding LLC, 4.337%, 01/11/06, LOC: HBOS Treasury Services PLC (c) (d) 50,000 49,940 Greenwich Capital Holdings, Inc., 4.251%, 08/25/06 (b)(d) 50,000 50,000 Grampian Funding LLC, 4.536%, 05/08/06, LOC: HBOS Treasury Services PLC (c) (d) 50,000 49,215 HBOS Treasury Services PLC, 4.162%, 02/01/06 (c) 50,000 49,823 HBOS Treasury Services PLC, 4.217%, 02/06/06 (c) 50,000 49,792 ING Funding LLC, 4.190%, 01/10/06 (c) 50,000 49,948 ING Funding LLC, 4.339%, 02/06/06 (c) 26,000 25,888 Liquid Funding Ltd., 4.497%, 03/13/06 (b)(d) 30,000 29,999 New Center Asset Trust, 4.251%, 01/17/06 (c) 43,910 43,828 New Center Asset Trust, 4.357%, 02/02/06 (c) 50,000 49,808 New Center Asset Trust, Ser A-1, 4.331%, 01/30/06 (c) 62,779 62,562 Nordea North America, Inc., 4.320%,01/20/06 (c) 9,000 8,980 Nordea North America, Inc., 4.323%, 01/30/06 (c) 10,000 9,965
Nordea North America, Inc., 4.584%, 05/25/06 (c) 11,500 11,293 Park Avenue Receivables Corp., 4.192%, 01/03/06, LOC: JPMorgan Chase Bank (c) (d) 44,070 44,060 Park Avenue Receivables Corp., 4.317%, 01/18/06, LOC: JPMorgan Chase Bank (c) (d) 22,161 22,116 Ranger Funding Co. LLC, 4.337%, 01/23/06 (c) (d) 40,000 39,894 Sheffield Receivables Corp., 4.167%, 01/03/06 (c) (d) 13,580 13,577 Sheffield Receivables Corp., 4.235%, 01/10/06 (c) (d) 40,475 40,432 Sigma Finance, Inc., 4.150%, 01/05/06 (c) (d) 20,000 19,991 Stanfield Victoria Funding LLC, 4.324%, 01/10/06 (c) (d) 12,103 12,090 Stanfield Victoria Funding LLC, 4.429%, 02/23/06 (c) (d) 13,000 12,916 Stanfield Victoria Funding LLC, 4.429%, 02/24/06 (c) (d) 20,500 20,365 Stanfield Victoria Funding LLC, 4.412%, 02/27/06 (c) (d) 5,816 5,776 Surrey Funding Corp., 4.161%, 01/04/06, LOC: Barclays Bank PLC (c) (d) 58,007 57,987 Surrey Funding Corp., 4.231%, 01/17/06, LOC: Barclays Bank PLC (c) (d) 25,000 24,953 Surrey Funding Corp., 4.235%, 02/03/06, LOC: Barclays Bank PLC (c) (d) 30,000 29,885 UBS Finance Corp., 4.138%, 01/30/06 (c) 11,600 11,562 Westpac Capital Corp., 4.058%, 01/03/06 (c) (d) 8,700 8,698 Whistlejacket Capital Ltd., 4.584%, 05/26/06 (c) (d) 10,227 10,042 --------- 2,018,019 --------- INSURANCE (5.0%) ING America Insurance Holdings, 4.050%, 01/04/06 (c) 35,500 35,488 ING America Insurance Holdings, 4.187%, 01/18/06 (c) 40,900 40,820 ING Verzekeringen NV, 4.218%, 01/23/06 (c) 11,136 11,108 Jefferson-Pilot Corp., 4.310%, 01/03/06 (c) (d) 50,000 49,988 Jefferson-Pilot Corp., 4.301%, 01/05/06 (c) (d) 50,000 49,976 Swiss RE Financial Services Corp., 3.770%, 01/09/06 (c) (d) 25,000 24,979 Swiss RE Financial Services Corp., 3.945%, 02/01/06 (c) (d) 25,000 24,917 Swiss RE Financial Services Corp., 4.259%, 04/03/06 (c) (d) 50,000 49,467 --------- 286,743 ---------
TOTAL COMMERCIAL PAPERS (COST $2,747,712) 2,747,712 --------- CORPORATE BONDS (35.0%) AGRICULTURE (0.5%) Cargill, Inc., 6.250%, 05/01/06 (d) 29,770 30,005 --------- AUTO MANUFACTURERS (1.6%) American Honda Finance Corp., 4.292%, 05/12/06 (b) (d) 50,000 50,000 American Honda Finance Corp., 4.075%, 07/10/06 (b) (d) 40,000 40,000 --------- 90,000 --------- AUTOMOBILE ABS (1.7%) Honda Auto Receivables Owner Trust, Ser 2005-2, Cl A1, 3.182%, 05/15/06 89 89 Honda Auto Receivables Owner Trust, Ser 2005-3, Cl A1, 3.420%, 06/19/06 12,781 12,781 Honda Auto Receivables Owner Trust, Ser 2005-6, Cl A1, 4.513%, 12/18/06 23,000 23,000 Nissan Auto Receivables Owner Trust, Ser 2005-B, Cl A1, 3.358%, 06/15/06 6,911 6,910 Nissan Auto Receivables Owner Trust, Ser 2005-C, CL A1, 3.861%, 09/15/06 19,459 19,458 Volkswagen Auto Loan Enhanced Trust, Ser 2005-1, Cl A1, 4.366%, 11/20/06 38,508 38,508 Wachovia Auto Owner Trust, Ser 2005-A, Cl A1, 3.340%, 05/22/06 (b) 281 281 --------- 101,027 --------- BANKS (4.4%) Bank of New York Co., Inc. (The), 4.419%, 01/26/07 (b) (d) 25,000 25,000 Northern Rock PLC, 4.498%, 01/09/07 (b) (d) 101,500 101,500 Wachovia Bank, 4.244%, 12/04/06 (b) 17,000 17,000 Wachovia Corp. NA, 4.360%, 12/08/06 (b) 50,000 50,030 Wells Fargo & Co., 4.344%, 01/02/07 (b) 10,000 10,000 Wells Fargo & Co., 4.359%, 01/12/07 (b) (d) 50,000 50,000 --------- 253,530 --------- COMPUTERS (0.4%) IBM Corp., 4.329%, 01/08/07 (b) (d) 25,000 25,000 --------- DIVERSIFIED FINANCIAL SERVICES (25.8%) Alliance & Leicester PLC, 4.329%, 01/08/07 (b) (d) 30,000 30,000 American Express Credit Corp., 4.391%, 01/08/07 (b) 90,000 90,000 Bear Stearns & Co., Inc., 3.000%, 03/30/06 9,100 9,082 Bear Stearns & Co., Inc., 4.419%, 12/28/06 (b) 125,000 125,000 Beta Finance, Inc., 4.209%, 07/26/06 (b) (d) 50,000 50,000
BMW US Capital LLC, 4.149%, 06/07/06 (b) 50,000 50,071 CIT Group, Inc., 4.340%, 05/12/06 (b) 25,000 25,000 Dorada Finance, Inc., 4.348%, 03/14/06 (b) (d) 8,500 8,500 General Electric Capital Corp., 4.502%, 05/12/06 (b) 10,115 10,123 General Electric Capital Corp., 4.440%, 01/09/07 (b) 69,000 69,000 General Electric Capital Corp., Ser A, 4.390%, 03/29/06 (b) 20,000 20,005 Goldman Sachs Group, Inc. (The), 4.389%, 12/15/06 (b) (d) 100,000 100,000 Greenwich Capital Holdings, Inc., 4.299%, 03/08/06 (b) (d) 25,000 25,000 K2 USA LLC, 4.285%, 12/04/06 (b) (d) 50,000 50,000 K2 USA LLC, 4.320%, 12/08/06 (b) (d) 50,000 49,995 Lehman Brothers Holdings, Inc., 6.250%, 05/15/06 25,000 25,230 Liberty Light US Capital, 4.256%, 02/01/06 (b) (d) 50,000 50,000 Liberty Light US Capital, 4.285%, 02/07/06 (b) (d) 25,000 25,000 Liberty Light US Capital, 4.320%, 05/11/06 (b) (d) 50,000 49,997 Liberty Light US Capital, 4.325%, 01/05/07 (b) (d) 25,000 25,000 Liquid Funding Ltd., 4.306%, 08/07/06 (b) (d) 50,000 49,997 Liquid Funding Ltd., 4.350%, 11/17/06 (b) (d) 30,000 29,996 Liquid Funding Ltd., 4.264%, 11/28/06 (b) (d) 40,000 40,000 Liquid Funding Ltd., 4.345%, 12/29/06 (b) (d) 15,000 14,998 Merrill Lynch & Co., Inc., 4.341%, 01/04/07 (b) 30,000 30,000 Morgan Stanley, 4.330%, 01/12/07 (b) 48,500 48,500 Morgan Stanley, 4.399%, 01/12/07 (b) 75,000 75,000 National Rural Utilities Cooperative Finance Corp., 6.000%, 05/15/06 37,987 38,285 Sigma Finance, Inc., 4.330%, 05/02/06 (b) (d) 50,000 50,000 Sigma Finance, Inc., 4.320%, 11/06/06 (b) (d) 50,000 50,007 Sigma Finance, Inc., 4.295%, 12/05/06 (b) (d) 50,000 50,000 Stanfield Victoria LLC, 4.315%, 12/22/06 (b) (d) 50,000 49,988 Stanfield Victoria LLC, 4.330%, 01/22/07 (b) (d) 50,000 49,995 Toyota Motor Credit Corp., 2.800%, 01/18/06 27,425 27,410 --------- 1,491,179 --------- INSURANCE (0.6%) Jefferson-Pilot Capital Corp., 4.400%, 12/17/06 (b) (d) 35,000 35,000 ---------
OTHER ABS (0.0%) GE Commercial Equipment Financing LLC, Ser 2005-1, Cl A1, 3.424%, 06/20/06 1,691 1,691 --------- TOTAL CORPORATE BONDS (COST $2,027,432) 2,027,432 --------- MASTER NOTES (2.9%) BANKS (2.9%) Bank of America Corp., 4.320% (b) 165,000 165,000 --------- TOTAL MASTER NOTES (COST $165,000) 165,000 --------- MONEY MARKET FUNDS (2.9%) Federated Prime Value Money Market Fund 165,000,000 165,000 --------- TOTAL MONEY MARKET FUNDS (COST $165,000) 165,000 --------- REPURCHASE AGREEMENTS (1.8%) Bear Stearns & Co., Inc., 4.205%, dated 12/30/05, to be repurchased on 01/03/06, repurchased price $10,086,541 (collateralized by U.S. Government Agencies, DN, due 07/01/33-12/01/33; total market value $10,283,937) 10,082 10,082 BNP Paribas, 4.005%, dated 12/30/05, to be repurchased on 01/03/06, repurchased price $18,732,021 (collateralized by U.S. Government Agencies, 5.250%, due 04/15/07; total market value $19,098,993) 18,724 18,724 Lehman Brothers, Inc., 4.155%, dated 12/30/05, to be repurchased on 01/03/06, repurchased price $12,849,190 (collateralized by U.S. Government Agencies, DN, due 08/01/34; total market value $13,100,248) 12,843 12,843 Merrill Lynch & Co., Inc., 4.105%, dated 12/30/05, to be repurchased on 01/03/06, repurchased price $20,583,632 (collateralized by U.S. Government Agencies, 5.500%, due 11/01/22-10/01/33; total market value $20,986,398) 20,574 20,574 Morgan Stanley, 4.155%, dated 12/30/05, to be repurchased on 01/03/06, repurchased price $25,161,803 (collateralized by U.S. Government Agencies, 4.818%-5.257%, due 02-01/34-11/01/35; total market value $25,756,783) 25,150 25,150 UBS Warburg LLC, 4.215%, dated 12/30/05, to be repurchased on 01/03/06, repurchased price $17,992,314 (collateralized by U.S. Government Agencies, DN, due 02/25/18; total market value $18,346,372) 17,984 17,984 --------- TOTAL REPURCHASE AGREEMENTS (COST $105,357) 105,357 ---------
TOTAL INVESTMENTS (COST $5,821,484) (A) - 100.6% 5,821,484 LIABILITIES IN EXCESS OF OTHER ASSETS - (0.6)% (32,973) ---------- NET ASSETS - 100.0% $5,788,511 ==========
---------- (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 December 31, 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 LOC - Line of Credit PLC - Public Limited Company Ser - Series SEE NOTES TO SCHEDULE OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS TAX-EXEMPT MONEY MARKET FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------- MUNICIPAL BONDS (98.76%) ALABAMA (2.04%) Birmingham-Carraway Special Care Facilities Financing Authority, Carraway Methodist Health Project, Ser A, RB, 3.540%, 08/15/28, LOC: AmSouth Bank (b) $ 5,900 $ 5,900 Cherokee Industrial Development Board, The BOC Group Project, RB, 3.520%, 04/01/08, LOC: Wachovia Bank of Georgia (b) 3,500 3,500 Covington County, GO Warrants, 3.620%, 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, 3.520%, 12/01/27, LOC: AmSouth Bank (b) 12,500 12,500 Marion Educational Building Authority, Judson College Project, RB, 3.570%, 01/01/33, LOC: SouthTrust Bank N.A. (b) 6,620 6,620 ------- 30,875 ------- ALASKA (1.98%) Valdez Marine Terminal, Exxon Pipeline Co. Project, RB, 3.730%, 10/01/25 (b) 30,000 30,000 ------- CALIFORNIA (2.97%) California Housing Finance Agency, Home Mortgage, Ser U, RB, AMT, 3.780%, 02/01/31, LOC: FSA (b) 20,000 20,000 California Housing Finance Agency, Home Mortgage, Ser U, RB, AMT, 3.780%, 02/01/32, LOC: FSA (b) 10,000 10,000 San Francisco City & County Housing Authority, Valencia Gardens Housing, RB, AMT, 3.520%, 09/01/49, LOC: Citibank N.A. (b) 15,000 15,000 ------- 45,000 ------- COLORADO (0.36%) Colorado Housing & Finance Authority, St. Moritz Project, Ser H, RB, 3.530%, 10/15/16, LOC: FNMA (b) 5,415 5,415 ------- DISTRICT OF COLUMBIA (2.08%) District of Columbia, Planned Parenthood Project, RB, 3.550%, 12/01/29, LOC: Bank of America N.A. (b) 6,245 6,245
District of Columbia, The Phillips Collection Issue, RB, 3.550%, 08/01/33, LOC: Bank of America N.A. (b) 6,000 6,000 District of Columbia, Thurgood Marshall Center Trust, RB, 3.550%, 11/01/27, LOC: Branch Banking & Trust Co. (b) 3,345 3,345 Metro Washington Airports, Ser A-05, 3.200%, 02/27/06 (b) 6,000 6,000 Metro Washington Airports, Ser B-05, 3.200%, 02/15/06 (b) 10,000 9,999 ------ 31,589 ------ FLORIDA (6.35%) De Soto County Industrial Development, Tremron Project, RB, 3.650%, 11/01/15, LOC: Branch Banking & Trust Co. (b) 3,800 3,800 Florida Housing Finance Agency, Bainbridge Project, Ser M, RB, AMT, 3.520%, 12/01/25, LOC: FNMA (b) 6,170 6,170 Florida Housing Finance Corp., Brentwood Club Apartments Project, Ser A-1, RB, AMT, 3.510%, 01/15/35, LOC: FNMA (b) 10,400 10,400 Florida Housing Finance Corp., Ser MT-169, RB, 3.250%, 10/01/32, LOC: FHLMC 12,750 12,750 Florida Housing Finance Corp., St. Andrews Pointe Apartments Project, Ser E-1, RB, AMT, 3.520%, 06/15/36, LOC: FNMA (b) 8,615 8,615 Florida Housing Finance Corp., Stone Harbor Apartments Project, Ser K, RB, AMT, 3.530%, 07/15/36, LOC: AmSouth Bank (b) 5,560 5,560 Hillsborough County Industrial Development Authority, Independent Day School Project, RB, 3.600%, 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, 3.470%, 07/01/23, LOC: SouthTrust Bank N.A. (b) 3,100 3,100 Manatee County St., Stephens Upper School Project, RB, 3.600%, 11/01/25, LOC: Bank of America N.A. (b) 3,200 3,200 Miami-Dade County Industrial Development Authority, Gulliver Schools Project, RB, 3.600%, 09/01/29, LOC: Bank of America N.A. (b) 7,050 7,050 Orange County Housing Finance Authority, Charleston Club Apartments Project, Ser A, RB, AMT, 3.520%, 07/15/34, LOC: FNMA (b) 7,000 7,000 Santa Rosa County Health Facilities Authority, Baptist Hospital, Inc. Project, RB, 3.550%, 10/01/21, LOC: Bank of America N.A. (b) 7,700 7,700
Sarasota County Health Facility Authority, Bay Village Project, RB, 3.600%, 12/01/23, LOC: Bank of America N.A. (b) 4,100 4,100 Tampa Bay Water Utility System, Regional Water Supply Authority, RB, AMT, 3.600%, 10/01/31, LOC: Bank of America N.A. (b) 9,100 9,100 University of North Florida Foundation, Inc., Parking Systems Project, RB, 3.580%, 05/01/28, LOC: First Union National Bank (b) 5,400 5,400 ------ 96,245 ------ GEORGIA (1.84%) Atlanta Airport, Ser 313, RB, AMT, 3.590%, 01/01/18, Callable 01/01/10 @ 101, LOC: FGIC (b) 3,335 3,335 Bulloch County Development Authority, Ser PT-2594, RB, 3.550%, 08/01/26, Callable 08/01/15 @ 100, LOC: XLCA (b) 4,100 4,100 Cobb County Development Authority, Kennesaw State University Project, RB, 3.520%, 11/01/18, LOC: AMBAC (b) 4,820 4,820 Houston County Development Authority, Clean Control Corp. Project, RB, AMT, 3.650%, 06/01/20, LOC: Branch Banking & Trust Co. (b) 2,625 2,625 Metropolitan Atlanta Rapid Transit Authority, Ser SG-57, RB, 3.550%, 07/01/20, LOC: AMBAC (b) 5,000 5,000 Savannah Economic Development Authority, Exempt Facilities - Consolidated Utilites, Inc. Project, RB, AMT, 3.650%, 12/01/19, LOC: Branch Banking & Trust Co. (b) 2,090 2,090 Savannah Economic Development Authority, Kennickell Printing Co. Project, RB, AMT, 3.650%, 09/01/11, LOC: Branch Banking & Trust Co. (b) 1,410 1,410 Toombs County Hospital Authority, Meadows Regional Medical Center Project, RB, 3.550%, 12/01/17, LOC: Branch Banking & Trust Co. (b) 4,500 4,500 ------ 27,880 ------ HAWAII (0.33%) Hawaii State Airport System, Ser PA-1110, RB, AMT, 3.000%, 07/01/09, LOC: FGIC (b) 4,995 4,995 ------ ILLINOIS (13.05%) Bloomington-Normal Airport Authority, GO, 3.590%, 01/01/12, LOC: Bank One N.A. (b) 700 700 Chicago Airport Special Facilities, Centerpoint O'Hare LLC Project, RB, AMT, 3.630%, 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) 14,920 14,920
Chicago, Merlots Project, Ser WWW, GO, 3.540%, 01/01/22, LOC: AMBAC (b) 11,000 11,000 Illinois Educational Facilities Authority, Chicago Children's Museum Project, RB, 3.580%, 02/01/28, LOC: Bank One N.A. (b) 1,600 1,600 Illinois Educational Facilities Authority, Museum of Science & Industry Project, RB, 3.580%, 11/01/15, LOC: Northern Trust Co. (b) 4,200 4,200 Illinois Finance Authority, Alexian Brothers Health Project, RB, 3.510%, 04/01/35, LOC: Bank One N.A. (b) 31,000 31,000 Illinois Finance Authority, Resurrection Health, Ser B, RB, 3.770%, 05/15/35, LOC: JPMorgan Chase & Co. (b) 50,000 50,000 Illinois Finance Authority, Resurrection Health, Ser C, RB, 3.410%, 05/15/35, LOC: Lasalle Bank N.A. (b) 50,100 50,100 Illinois Health Facilities Authority, Advocate Health Care Project, Ser B, RB, 3.520%, 08/15/22 (b) 2,000 2,000 Illinois Health Facilities Authority, Proctor Hospital Project, RB, 3.580%, 01/01/12, LOC: Bank One N.A. (b) 3,400 3,400 Illinois State, Merlots Project, Ser B04, GO, 3.540%, 12/01/24, Callable 01/01/12 @100, LOC: FSA (b) 7,225 7,225 Lockport Industrial Development, Panduit Corp. Project, RB, AMT, 3.520%, 04/01/25, LOC: Fifth Third Bank (b) 2,000 2,000 Macon County, Millikin University Project, RB, 3.500%, 10/01/28, LOC: AMBAC (b) 5,850 5,850 Naperville, Heritage YMCA Group, Inc. Project, RB, 3.560%, 12/01/29, LOC: Fifth Third Bank (b) 7,600 7,600 Savanna Industrial Development, Metform Corp. Project, Ser A, RB, AMT, 3.630%, 05/01/14, LOC: Bank One N.A. (b) 500 500 Savanna Industrial Development, Metform Corp. Project, Ser B, RB, AMT, 3.630%, 06/01/09, LOC: Bank One N.A. (b) 1,400 1,400 Wheeling Industrial Development, Circuit Service, Inc. Project, RB, AMT, 3.680%, 04/01/18, LOC: Bank One Illinois N.A. (b) 1,600 1,600 ------- 197,895 ------- INDIANA (3.04%) Elkhart County Economic Development, Holly Park, Inc. Project, RB, AMT, 3.680%, 02/01/10, LOC: Bank One Indiana N.A. (b) 1,300 1,300 Fort Wayne Economic Development, Notre Dame Technical Project, RB, AMT, 3.630%, 07/01/09, LOC: Bank One N.A. (b) 1,000 1,000
Indiana Bond Bank, RB, 3.560%, 02/01/22, Callable 02/01/15 @ 100, LOC: FGIC (b) 5,170 5,170 Indiana Development Finance Authority, Christel House Project, RB, 3.560%, 02/01/23, LOC: Fifth Third Bank (b) 6,620 6,620 Indiana Development Finance Authority, Culver Educational Foundation Project, RB, 3.580%, 01/01/32, LOC: Northern Trust Co. (b) 12,700 12,700 Indiana Development Finance Authority, Indiana Historical Society Project, RB, 3.580%, 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, 3.520%, 02/15/26, LOC: JPMorgan Chase & Co. (b) 2,000 2,000 La Porte County Economic Development, Pedcor Investments-Woodland Project, RB, AMT, 3.640%, 10/01/29, LOC: FHLB (b) 1,200 1,200 Marshall County Economic Development, Culver Educational Foundation Project, RB, 3.580%, 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, 3.540%, 07/15/20, LOC: FGIC (b) 6,595 6,595 ------ 46,085 ------ IOWA (0.73%) City of Des Moines, 2.900%, 01/17/06 5,000 5,000 Iowa Higher Education Loan Authority, Private College-Graceland Project, RB, 3.600%, 02/01/33, LOC: Bank of America N.A. (b) 3,700 3,700 Sac County Industrial, Evapco, Inc. Project, RB, AMT, 3.650%, 07/01/16, LOC: Bank of America N.A. (b) 2,400 2,400 ------ 11,100 ------ KENTUCKY (1.11%) Campbell County Industrial Building, Hospital Imaging Co., Inc. Project, RB, 3.580%, 04/01/20, LOC: Fifth Third Bank (b) 2,705 2,705 Kentucky State Turnpike Authority, Economic Development, Ser PT-2702, RB, 3.550%, 07/01/22, Callable 07/01/15 @ 100, LOC: AMBAC (b) 14,100 14,100 ------ 16,805 ------ MARYLAND (1.65%) Maryland Community Development Administration, Department of Housing & Community Development, People's Resource Center, Ser C, RB, AMT, 3.530%, 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, 3.550%, 04/01/28, LOC: Branch Banking & Trust Co. (b) 3,950 3,950 Maryland State, Ser PA-816, GO, 3.530%, 03/01/12, LOC: Merrill Lynch Capital Services, Inc. (b) 5,995 5,995 ------ 24,985 ------ MASSACHUSETTS (4.28%) Massachusetts Bay Transportation Authority, Sales Tax, Ser PT-2581, RB, 3.530%, 07/01/26, LOC: Dexia Credit Local (b) 30,000 30,000 Massachusetts State Special Obligations, Dedicated Tax, Ser PT-3050, RB, 3.530%, 01/01/30, LOC: FGIC (b) 25,010 25,010 Massachusetts State, Ser PT-1390, GO, 3.530%, 03/01/10, LOC: FSA (b) 9,905 9,905 ------ 64,915 ------ MICHIGAN (0.68%) ABN Amro Munitops Certificate Trust, Ser 2004-2, RB, AMT, 3.610%, 12/20/11, LOC: GNMA (b) 9,780 9,780 Oakland County Economic Development Corp., Moody Family Ltd. Project, RB, AMT, 3.680%, 09/01/12, LOC: Bank One Michigan (b) 500 500 ------ 10,280 ------ MISSOURI (0.25%) Carthage Industrial Development Authority, Schreiber Project, RB, AMT, 3.630%, 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, 3.630%, 05/01/28, LOC: Toronto Dominion Bank (b) 700 700 ------ 3,800 ------ MONTANA (0.56%) Missoula County Economic Development, Dinny Stranahan Research Institute Project, RB, 3.550%, 06/01/20, LOC: Northern Trust Co. (b) 8,500 8,500 ------ NEVADA (2.12%) Las Vegas New Convention & Visitors Authority, Ser PT-2714, RB, 3.550%, 07/01/15, LOC: AMBAC (b) 21,620 21,620 Nevada State, Ser 344, GO, 3.570%, 05/15/28, Callable 05/15/08 @ 100, LOC: FGIC (b) 5,495 5,495 Nevada State, Ser SG-114, 3.550%, 03/01/27 (b) 5,000 5,000 ------ 32,115 ------ NEW JERSEY (7.13%) New Jersey Economic Development Authority, Ser 1533, RB, 3.540%, 06/15/10, LOC: MBIA (b) 16,155 16,155
New Jersey Economic Development Authority, Ser PT-1532, RB, 3.540%, 12/15/14, LOC: MBIA (b) 10,590 10,590 New Jersey Economic Development Authority, Ser PT-2847, RB, 3.540%, 09/01/22, LOC: MBIA (b) 39,950 39,950 New Jersey State, Ser PT-2742, GO, 3.540%, 07/15/19, LOC: AMBAC (b) 12,580 12,580 New Jersey Transportation Trust Fund Authority, Ser PA-802, RB, 3.540%, 12/15/09, LOC: FSA (b) 10,000 10,000 New Jersey Transportation Trust Fund Authority, Ser PT-2489, RB, 3.540%, 12/15/17, Callable 12/15/15 @ 100, LOC: AMBAC/FGIC (b) 18,860 18,860 ------- 108,135 ------- NEW YORK (10.49%) New York City Housing Development Corp., Ser PT-2753, RB, 3.540%, 07/01/25, Callable 07/01/15 @ 100, LOC: FGIC (b) 2,250 2,250 New York City Housing Development Corp., State Renaissance LLC, Ser A, RB, AMT, 3.530%, 06/01/37, LOC: FHLMC (b) 25,000 25,000 New York City Municipal Water Finance Authority, Ser SGB-27, RB, 3.550%, 06/15/24, LOC: FSA (b) 9,000 9,000 New York City Municipal Water Finance Authority, Water & Sewer System, Ser PA-523, RB, 3.540%, 06/15/30, Callable 06/15/07 @ 101, LOC: FGIC (b) 32,740 32,740 New York City Transitional Finance Authority, Ser 3, Sub-Ser 3B, RB, 3.750%, 11/01/22, LOC: Citigroup Global Markets (b) 20,000 20,000 New York State Dormitory Authority, Secondary Issues, Ser PT-2645, RB, 3.540%, 03/15/17, Callable 03/15/15 @ 100, LOC: AMBAC (b) 9,970 9,970 New York State Dormitory Authority, Ser PT-746, RB, 3.400%, 10/01/17, Callable 12/14/06 @ 100, LOC: MBIA (b) 1,495 1,495 New York State Thruway Authority, Ser SG-119, RB, 3.830%, 01/01/27, LOC: Societe Generale (b) 7,900 7,900 New York State Urban Development Corp., Ser PT-2955, RB, 3.540%, 12/15/24, LOC: AMBAC (b) 19,940 19,940 New York, Ser PT-2712, GO, 3.540%, 08/01/25, Callable 08/01/15 @ 100, LOC: FGIC (b) 13,985 13,985 Sales Tax Asset Receivables Corp., Ser PT-2450, RB, 3.540%, 10/15/25, Callable 10/15/14 @ 100, LOC: MBIA (b) 14,960 14,960
Southeast Industrial Development Agency, Unilock New York, Inc. Project, RB, AMT, 3.680%, 12/01/12, LOC: Bank One N.A. (b) 1,800 1,800 ------- 159,040 ------- NORTH CAROLINA (3.99%) Charlotte Airport, Charlotte-Douglas International, Ser A, RB, AMT, 3.540%, 07/01/17, LOC: MBIA (b) 3,500 3,500 Charlotte Water & Sewer System, RB, 2.800%, 02/28/06 21,500 21,500 Cleveland County Family YMCA, Inc. Recreational Facilities, RB, 3.550%, 08/01/18, LOC: Branch Banking & Trust (b) 2,300 2,300 Forsyth County, Communications System Project, COP, 3.550%, 10/01/12, LOC: Wachovia Bank N.A. (b) 9,070 9,070 Guilford County Industrial Facilities & Pollution Control Financing, YMCA of Greensboro, Inc. Project, RB, 3.550%, 02/01/23, LOC: Branch Banking & Trust Co. (b) 4,800 4,800 North Carolina Medical Care Commission Health Care Facilities, Friends Homes Project, RB, 3.500%, 09/01/33, LOC: Bank of America N.A. (b) 6,855 6,855 North Carolina Medical Care Commission Health Care Facilities, Lutheran Services for the Aging Project, RB, 3.520%, 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, 3.550%, 09/01/22, LOC: Branch Banking & Trust Co. (b) 4,400 4,400 ------- 60,560 ------- OHIO (0.71%) Ohio State Higher Educational Facility Commission, Pooled Financing Project, RB, 3.610%, 09/01/18, LOC: Fifth Third Bank (b) 3,440 3,440 Rickenbacker Port Authority, YMCA of Central Ohio Project, RB, 3.580%, 05/01/22, LOC: Fifth Third Bank (b) 7,300 7,300 ------- 10,740 ------- OTHER (11.11%) Eagle Tax-Exempt Trust, Ser 20001001, Cl A, GO, 3.560%, 07/01/15, Callable 07/01/10 @ 100, LOC: Citibank N.A. (b) 7,025 7,025 Eagle Tax-Exempt Trust, Ser 991301, GO, 3.560%, 06/01/25, LOC: FSA (b) (c) 9,900 9,900 Municipal Securities Pool Trust Receipts, Ser SG P-18, RB, 3.660%, 01/01/35, LOC: Societe Generale (b) (c) 4,400 4,400
Municipal Securities Pool Trust Receipts, Ser SG-PG 17, 3.660%, 06/01/34 (b) (c) 16,405 16,405 Munimae Trust, Ser PT-616, RB, AMT, 3.600%, 12/17/06, LOC: FHLMC (b)(c) 5,000 5,000 Puttable Floating Rate Option, Tax-Exempt Receipts, Ser PPT-1001, Cl D, 3.100%, 03/01/40 (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) (c) 19,220 19,220 Puttable Floating Rate Option, Tax-Exempt Receipts, Ser PPT-1003, Cl B, 3.610%, 01/01/32 (b) (c) 55,735 55,735 Puttable Floating Rate Option, Tax-Exempt Receipts, Ser PPT-34, 3.500%, 12/01/29 (b) (c) 30,000 30,000 Puttable Floating Rate Option, Tax-Exempt Receipts, Ser PPT-36, Cl A, 3.660%, 01/01/27 (b) (c) 2,565 2,565 ------- 168,490 ------- PENNSYLVANIA (2.52%) Allegheny County Hospital Development Authority, Ser PT-762, RB, 2.850%, 11/01/23, LOC: MBIA (b) 15,900 15,900 Berks County Industrial Development Authority, Kutztown University Foundation Project, RB, 3.520%,01/01/27, LOC: Wachovia Bank N.A.(b) 300 300 Cambria County Industrial Development Authority, Cambria Cogen Co. Project, Ser A-1, RB, AMT, 3.660%, 12/01/28, LOC: Bayerische Hypo-Und Vereinsbank (b) 7,125 7,125 Delaware River Port Authority, Ser PA 965, RB, 3.540%, 01/01/10, LOC: FSA(b) 5,920 5,920 Philadelphia Authority for Industrial Development, Chemical Heritage Foundation Project, RB, 3.520%, 07/01/27, LOC: Wachovia Bank N.A. (b) 8,920 8,920 ------- 38,165 ------- SOUTH CAROLINA (3.18%) South Carolina Educational Facilities Authority, Charleston Southern University Project, RB, 3.550%, 04/01/28, LOC: Bank of America N.A. (b) 5,450 5,450 South Carolina Educational Facilities Authortiy, Newberry College Project, RB, 3.550%, 09/01/35, LOC: Branch Banking & Trust Co. (b) 8,000 8,000 South Carolina Jobs-Economic Development Authority, Anderson Area YMCA, Inc. Project, RB, 3.600%, 11/01/24, LOC: Bank of America N.A. (b) 6,900 6,900
South Carolina Jobs-Economic Development Authority, DCS Diversified Coating Systems, Inc. Project, RB, AMT, 3.650%, 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, 3.650%, 11/01/22, LOC: Branch Banking & Trust Co. (b) 2,410 2,410 South Carolina Jobs-Economic Development Authority, USC Development Foundation Project, RB, 3.550%, 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, 3.550%,12/01/24, LOC: Branch Banking & Trust Co. (b) 3,310 3,310 South Carolina State Housing Finance & Development Authority, Ser PT-1272, RB, 3.600%, 12/15/30, LOC: FHLMC (b) 10,000 10,000 University of South Carolina Development Foundation, RB, 3.550%, 12/01/10, LOC: Branch Banking & Trust Co. (b) 4,000 4,000 ------ 48,265 ------ TENNESSEE (0.52%) Covington Industrial Development Board, Charms Co. Project, RB, AMT, 3.630%, 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, 3.550%, 12/01/22, LOC: Branch Banking & Trust Co. (b) 3,315 3,315 Metropolitan Government, Nashville & Davidson County Health & Educational Facilities Board, Nashville Christian School Project, RB, 3.570%, 09/01/23, LOC: SouthTrust Bank N.A. (b) 1,560 1,560 ------ 7,875 ------ TEXAS (3.58%) Brazos County Health Facility Development Corp., Ser MT-181, RB, 3.580%, 01/01/19, LOC: Merrill Lynch Capital Services, Inc. (b) 32,210 32,210 Harris County Industrial Development Corp., Pollution Control, RB, 3.730%, 03/01/24 (b) 9,800 9,800 Houston Water & Sewer System, Ser SG-78, RB, 3.550%, 12/01/25 (b) 8,835 8,835 Lower Colorado River Authority, 3,500 3,500 ------ Merlots Project, Ser ZZZ, RB, 3.540%, 01/01/28, LOC: FSA (b) 54,345 ------
VIRGINIA (7.23%) ABN Amro Munitops Certificate Trust, Ser 2003-33, RB, 3.530%, 04/01/11, LOC: MBIA (b) 5,370 5,370 Charlottesville Industrial Development Authority, Seminole Project, Ser A, RB, 3.520%, 12/01/13, Callable 12/01/06 @ 100, LOC: Branch Banking & Trust Co. (b) 3,450 3,450 Chesterfield County Industrial Development Authority, Ser PT-2133, RB, 3.600%, 02/15/07, LOC: Merrill Lynch Capital Services, Inc. (b) 2,995 2,995 Clarke County Industrial Development Authority, Powhatan School District Project, RB, 3.550%, 09/01/22, LOC: Branch Banking & Trust Co. (b) 1,525 1,525 Danville-Pittsylvania Regional Industrial Facility Authority, Institute of Advanced Research Project, RB, 3.550%, 08/01/12, LOC: Branch Banking & Trust Co. (b) 1,965 1,965 Fairfax County Economic Development Authority, Public Broadcasting Services Project, RB, 3.520%, 07/01/40, LOC: Bank of America N.A. (b) 7,500 7,500 Fairfax County Industrial Development Authority, Inova Health Systems Project, RB, 3.450%, 01/01/30 (b) 50 50 Front Royal & Warren County Industrial Development Authority, Warren Memorial Hospital Project, RB, 3.550%,05/01/23, LOC: Branch Banking & Trust Co. (b) 2,895 2,895 Lexington Industrial Development Authority, V.M.I. Development Board, Inc. Project, RB, 3.520%, 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,3.550%, 10/01/30, LOC: First Union National Bank (b) 3,000 3,000 Norfolk Redevelopment & Housing Authority, Student Housing Project, RB, 3.550%, 07/01/34, LOC: Bank of America N.A. (b) 7,000 7,000 Shenandoah County Industrial Development Authority, Shenandoah Memorial Hospital Project, RB, 3.550%, 11/01/14, LOC: Branch Banking & TrustCo. (b) 2,915 2,915 University of Virginia, Merlots Project, Ser B 31, RB, Callable 06/01/13 @100, LOC: Wachovia Bank N.A. (b) 4,720 4,720 Virginia Beach Development Authority, Production Road Ventures Project, RB, AMT, 3.620%, 09/01/16, LOC: Wachovia Bank N.A. (b) 1,000 1,000
Virginia Biotechnology Research Park Authority, United Network of Organ Sharing Project, RB, 3.520%, 04/01/27, LOC: Wachovia Bank N.A. (b) 6,730 6,730 Virginia College Building Authority, Shenandoah University Project, RB, 3.530%, 05/01/32, LOC: Branch Banking & Trust Co. (b) 3,000 3,000 Virginia Housing Development Authority, Commonwealth Mortgage, Ser PA-1310R, RB, 3.530%, 07/01/36, Callable 07/01/11 @ 100, LOC: MBIA (b) 19,905 19,905 Virginia Resources Authority, Clean Water, Ser PA-790, RB, 3.530%, 10/01/16, Callable 10/01/10 @ 100, LOC: Merrill Lynch Capital Services, Inc. (b) (c) 2,000 2,000 Virginia Resources Authority, Clean Water, Ser PT-2967, RB, 3.530%, 10/01/20, LOC: Merrill Lynch Capital Services, Inc. (b) 16,940 16,940 Virginia State Public School Authority, Ser PT-1619, RB, 3.530%, 08/01/08, LOC: Merrill Lynch Capital Services, Inc. (b) (c) 2,475 2,475 Williamsburg Industrial Development Authority, Colonial Williamsburg Project, RB, 3.520%, 10/01/35, LOC: First Union National Bank (b) 4,220 4,220 ------- 109,655 ------- WASHINGTON (2.05%) King County Housing Authority, Ser PT-2185, RB, 3.530%, 09/20/42 (b) 5,520 5,520 King County Sewer, Ser PA-1071, RB, 3.550%, 01/01/10, LOC: FSA (b) 7,495 7,495 Seattle Certificates, Ser 348, GO, 3.560%, 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 1A-1, RB, 3.540%, 07/01/17, LOC: Bank of America N.A. (b) 3,540 3,540 Washington State, Merlots Project, Ser B23, GO, 3.540%, 12/01/25, Callable 06/01/13 @ 100, LOC: MBIA (b) 10,000 10,000 ------- 31,050 ------- WISCONSIN (0.83%) ABN AMRO Munitops Certificates Trust, Ser 2004-49, GO, 3.560%, 05/01/12, LOC: FSA (b) 9,400 9,400 Appleton Industrial Development, Pro Label Project, RB, AMT, 3.790%, 11/01/12, LOC: Bank One N.A. (b) 585 585 Germantown Industrial, J.W. Speaker Corp. Project, RB, AMT, 3.790%, 08/01/11, LOC: Bank One Milwaukee N.A. (b) 490 490
Holland Industrial Development, White Clover Dairy, Inc. Project, RB, AMT, 3.680%, 06/01/13, LOC: Bank One N.A. (b) 870 870 Oconomowoc Industrial Development, Quest Technologies Project, RB, AMT, 3.680%, 05/01/18, LOC: Bank One Wisconsin (b) 1,190 1,190 ---------- 12,535 ---------- TOTAL MUNICIPAL BONDS (COST $1,497,334) 1,497,334 ---------- MONEY MARKET FUNDS (4.31%) Goldman Sachs Financial Square Funds, Tax Free Money Market Fund 65,292,468 65,292 ---------- TOTAL MONEY MARKET FUNDS (COST $65,292) 65,292 ---------- TOTAL INVESTMENTS (COST $1,562,626) (A) - 103.07% 1,562,626 LIABILITIES IN EXCESS OF OTHER ASSETS - (3.07)% (46,480) ---------- NET ASSETS - 100.00% $1,516,146 ==========
---------- (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 December 31, 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. PLC - Public Limited Company RB - Revenue Bond Ser - Series XLCA - Security insured by XL Capital Assurance, Inc. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS U.S. GOVERNMENT SECURITIES MONEY MARKET FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
PRINCIPAL AMOUNT VALUE --------- -------- U.S. GOVERNMENT AGENCIES (52.4%) FANNIE MAE (30.1%) 4.218%, 01/09/06 (b) $49,200 $ 49,200 4.216%, 01/18/06 (c) 35,000 34,931 3.587%, 04/28/06 (c) 10,000 9,887 4.200%, 05/09/06 (b) 15,000 15,000 4.268%, 05/22/06 (b) 17,000 16,999 3.616%, 05/26/06 (c) 20,000 19,709 4.180%, 07/17/06 (b) 25,000 24,998 4.210%, 09/01/06 (c) 10,000 9,727 4.741%, 12/12/06 (c) 15,000 14,357 -------- 194,808 -------- FEDERAL HOME LOAN BANK (7.8%) 4.099%, 07/21/06 (b) 15,000 14,999 4.109%, 07/21/06 (b) 25,000 25,000 4.205%, 08/25/06 10,000 10,003 -------- 50,002 -------- FREDDIE MAC (14.5%) 3.543%, 04/18/06 (c) 10,000 9,898 3.604%, 05/02/06 (c) 15,000 14,824 3.664%, 05/30/06 (c) 15,000 14,780 3.995%, 07/25/06 (c) 10,000 9,781 4.122%, 07/31/06 (c) 10,000 9,768 4.146%, 08/04/06 (c) 10,000 9,762 4.369%, 09/27/06 (c) 10,000 9,685 4.094%, 11/16/06 (b) 15,000 15,000 -------- 93,498 -------- TOTAL U.S. GOVERNMENT AGENCIES (COST $338,308) 338,308 -------- REPURCHASE AGREEMENTS (47.8%) ABN AMRO Bank N.V., 4.005%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $58,495,786 (collateralized by U.S.Treasury Obligations, DN, 01/05/06; total market value $59,639,538) 58,470 58,470 Bear Stearns & Co., Inc., 4.205%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $41,536,579 (collateralized by U.S. Government Agencies, DN, 08/01/18-08/01/34; total market value $42,347,831) 41,517 41,517 BNP Paribas, 4.005%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $34,663,426 (collateralized by U.S. Government Agencies, 3.850%-5.250%,; total market value $35,341,623) 34,648 34,648 Lehman Brothers, Inc., 4.155%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $60,804,201 (collateralized by U.S. Government Agencies, DN, 02/01/24-08/01/34; total market value $61,992,437) 60,776 60,776
Merrill Lynch & Co., Inc., 4.105%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $13,892,564 (collateralized by U.S. Government Agencies, 5.000%, 10/01/25; total market value $14,167,071) 13,886 13,886 Morgan Stanley, 4.155%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $28,510,888 (collateralized by U.S. Government Agencies, 4.500%-8.500%, 08/01/14-12/01/35; Total market value $29,069,726) 28,498 28,498 UBS Warburg LLC, 4.215%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $70,345,079 (collateralized by U.S. Government Agencies, DN-4.500%, 02/25/18-12/25/31; total market value $71,718,612) 70,312 70,312 -------- TOTAL REPURCHASE AGREEMENTS (COST $308,107) 308,107 -------- TOTAL INVESTMENTS (COST $646,415) (A) - 100.2% 646,415 LIABILITIES IN EXCESS OF OTHER ASSETS - (0.2)% (1,411) -------- NET ASSETS - 100.0% $645,004 ========
---------- (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 December 31, 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 December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
PRINCIPAL AMOUNT VALUE --------- -------- U.S. TREASURY OBLIGATIONS (12.0%) U.S. TREASURY BILLS (12.0%) 3.344%, 01/05/06 (b) $ 79,500 $ 79,470 3.786%, 03/16/06 (b) 36,000 35,725 3.754%, 03/23/06 (b) 25,000 24,793 4.084%, 04/20/06 (b) 64,000 63,225 -------- TOTAL U.S. TREASURY OBLIGATIONS (COST $203,213) 203,213 -------- REPURCHASE AGREEMENTS (85.6%) ABN AMRO Bank N.V., 3.355%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $250,463,094 (collateralized by U.S. Treasury Obligations, DN-2.375%, due 01/05/06-08/31/06; total market value $255,377,837) 250,370 250,370 Bear Stearns & Co., Inc., 2.955%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $72,929,249 (collateralized by U.S. Treasury Obligations, 1.625%-3.500%, due 01/15/11-01/15/15; total market value $76,188,071) 72,905 72,905 BNP Paribas, 3.205%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $275,292,980 (collateralized by U.S. Treasury Obligations, 2.000%-3.000%, due 07/15/12-07/15/14; total market value $280,699,386) 275,195 275,195 Deutsche Bank AG, 3.305%, dated 12/30/05, to be repurchased 01/03/06, repurchase price $37,658,145 (collateralized by U.S. Treasury Obligations, DN-4.125%, due 10/31/06-11/15/25; total market value $38,398,011) 37,644 37,644 Dresdner Bank AG, 3.455%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $69,775,007 (collateralized by U.S. Treasury Obligations, 3.750%-4.5000%, due 08/31/07-11/15/10; total market value $71,143,668) 69,748 69,748 Greenwich Capital Markets, Inc., 3.405%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $169,286,470 (collateralized by U.S. Treasury Obligations, 2.375%-6.500%, due 10/15/06-04/15/28; total market value $172,611,725) 169,222 169,222
JPMorgan Chase & Co., 3.355%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $62,400,721 (collateralized by U.S. Treasury Obligations, 5.250%-9.125%, due 05/15/18-02/15/29; total market value $63,629,279) 62,377 62,377 Lehman Brothers, Inc., 3.255%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $56,151,536 (collateralized by U.S. Treasury Obligations, DN, due 03/23/06; total market value $57,254,116) 56,131 56,131 Merrill Lynch & Co., Inc., 3.305%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $60,660,818 (collateralized by U.S. Treasury Obligations, 8.750%, due 05/15/17; total market value $61,853,214) 60,639 60,639 Morgan Stanley, 3.355%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $82,060,698 (collateralized by U.S. Treasury Obligations, DN, due 02/15/21; total market value $83,670,882) 82,030 82,030 UBS Warburg LLC, 3.455%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $306,962,443 (collateralized by U.S. Treasury Obligations, 1.875%, due 07/15/15; total market value $312,984,362) 306,846 306,846 ---------- TOTAL REPURCHASE AGREEMENTS (COST $1,443,107) 1,443,107 ---------- TOTAL INVESTMENTS (COST $1,646,320) (A) - 97.6% 1,646,320 OTHER ASSETS IN EXCESS OF LIABILITIES - 2.4% 40,640 ---------- NET ASSETS - 100.0% $1,686,960 ==========
---------- (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 VIRGINIA TAX-FREE MONEY MARKET FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- ------- MUNICIPAL BONDS (97.9%) GUAM (2.1%) Guam Power Authority, Ser PA 531, RB, 3.510%, 10/01/18, LOC: Merrill Lynch Capital Services, Inc. (b) $11,025 $11,025 ------- VIRGINIA (91.1%) Albemarle County Industrial Development Authority, University of Virginia Health Services Project, RB, 3.520%, 10/01/22, LOC: Wachovia Bank N.A. (b) 5,995 5,995 Alexandria Industrial Development Authority, American Red Cross Project, RB, 3.570%, 01/01/09, LOC: First Union National Bank (b) 2,070 2,070 Alexandria Industrial Development Authority, Association for Supervision & Currency Project, RB, 3.520%, 07/01/23, LOC: Wachovia National Bank NA (b) 1,330 1,330 Alexandria Industrial Development Authority, Educational Facilities, Alexandria County Day School Project, RB, 3.570%, 06/01/25, LOC: First Union National Bank (b) 4,180 4,180 Alexandria Industrial Development Authority, Pooled Loan Program, Ser A, RB, 3.550%, 07/01/26, LOC: Bank of America N.A. (b) 1,000 1,000 Arlington County, Ballston Public Parking Project, RB, 3.470%, 08/01/17, LOC: Citibank N.A. (b) 6,550 6,550 Arlington County, GO, 4.750%, 10/01/06, LOC: State Aid Withholding 6,420 6,493 Arlington County, Public Improvement, GO, 3.000%, 05/15/06, LOC: State Aid Withholding 1,725 1,727 Ashland Industrial Development Authority, Health & Community Services Facilities, YMCA Greater Richmond Project, Ser A, RB, 3.520%, 11/01/20, LOC: Wachovia Bank N.A. (b) 8,420 8,420 Charles City & County Economic Development Authority, Waste Management, Inc. Project, Ser A, RB, AMT, 3.600%, 02/01/29, LOC: JPMorgan Chase & Co. (b) 4,000 4,000 Chesapeake Bay Bridge & Tunnel Community District Authority, General Resolution Project, RB, 3.560%, 07/01/25, LOC: MBIA (b) 6,755 6,755
Chesterfield County Industrial Development Authority, Ser PT-2133, RB, 3.600%, 02/15/07, LOC: Merrill Lynch Capital Services, Inc. (b) 5,000 5,000 Chesterfield County Industrial Development Authority, Virginia State University Real Estate Project, Ser A, RB, 3.500%, 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, 3.550%, 01/01/30, LOC: FSA (b) 18,000 17,999 Danville-Pittsylvania Regional Industrial Facility Authority, Institute of Advanced Research Project, RB, 3.550%, 08/01/12, LOC: Branch Banking & Trust Co. (b) 6,040 6,040 Eagle Tax Exempt Trust Certificates, Ser 994601, RB, 3.560%, 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, 3.550%, 09/01/21, LOC: First Union National Bank (b) 4,510 4,510 Fairfax County Economic Development Authority, Public Broadcasting Services Project, RB, 3.520%, 07/01/40, LOC: Bank of America N.A. (b) 12,000 12,000 Fairfax County Economic Development Authority, Smithsonian Institute, Ser A, RB, 3.500%, 12/01/33, LOC: Bank of America N.A. (b) 4,000 4,000 Fairfax County Economic Development Authority, Smithsonian Institute, Ser B, RB, 3.520%, 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, 3.450%, 10/01/25 (b) 3,845 3,845 Fairfax County Industrial Development Authority, Inova Health Systems Project, RB, 3.450%, 01/01/30 (b) 7,600 7,600 Fairfax County Industrial Development Authority, Inova Services Project, Ser A, RB, 3.450%, 01/15/22 (b) 900 900 Fairfax County Water Authority, Municipal Trade Receipts Project, Ser SGB - 40A, RB, 3.560%, 04/01/30 (b) 7,850 7,850 Fairfax County Water Authority, Ser A-18, RB, 3.530%, 04/01/23, LOC: IXIS Municipal Products (b) 6,405 6,405 Front Royal & Warren County Industrial Development Authority, Warren Memorial Hospital Project, RB, 3.550%, 05/01/23, LOC: Branch Banking & Trust Co. (b) 570 570
Greater Richmond Convention Center Authority, Hotel Tax, Ser PT-2570, RB, 3.530%, 06/15/23, Callable 06/15/15 @ 100, LOC: MBIA (b) 7,175 7,175 Greene County Industrial Development Authority, Blue Ridge School Project, RB, 3.550%, 06/01/26, LOC: Branch Banking & Trust Co. (b) 5,730 5,730 Hampton Redevelopment & Housing Authority, Multi-Family Housing, Avalon Pointe Project, RB, AMT, 3.440%, 06/15/26, LOC: FNMA (b) 4,537 4,537 Hampton Roads Jail Authority, Ser 569, RB, 3.550%, 07/01/12, LOC: MBIA (b) 1,195 1,195 Hanover County Industrial Development Authority, Residential Care Facility, Covenant Woods Project, RB, 3.550%, 07/01/29, LOC: Branch Banking & Trust Co. (b) 16,430 16,430 Harrisonburg Redevelopment & Housing Authority, Multi-Family Housing, Ser PT-3097, RB, 3.640%, 05/01/40 (b) 8,795 8,795 Harrisonburg Redevelopment & Housing Authority, Multi-Family Housing, Stoney Ridge/Dale Project, RB, 3.440%, 08/01/32, LOC: FHLMC (b) 8,810 8,810 Henrico County Economic Development Authority, Exempt Facility, White Oak Ltd. Project, RB, 3.590%, 10/01/27, LOC: Citibank N.A. (b) 1,000 1,000 Henrico County Economic Development Authority, Steward School Project, RB, 3.550%, 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, 3.520%, 11/01/24, LOC: Wachovia Bank N.A. (b) 800 800 King George County Industrial Development Authority, Exempt Facilities, Birchwood Power Partners Project, RB, 3.830%, 11/01/25, LOC: Credit Suisse First Boston (b) 2,000 2,000 King George County Industrial Development Authority, Exempt Facilities, Birchwood Power Partners Project, RB, 4.70%, 3/1/27, 3.830%, 03/01/27, LOC: Credit Suisse First Boston (b) 5,000 5,000 King George County Industrial Development Authority, Lease, Ser PT 2473, RB, 3.530%, 03/01/24, LOC: FSA (b) 5,250 5,250 Loudon County Industrial Development Authority, Howard Hughes Medical Institute Project, Ser D, RB, 3.520%, 02/15/38 (b) 9,835 9,835 Loudon County Industrial Development Authority, Howard Hughes Medical Institute Project, Ser E, RB, 3.720%, 02/15/38 (b) 10,000 10,000
Loudon County Industrial Development Authority, Howard Hughes Medical Institute Project, Ser F, RB, 3.480%, 02/15/38 (b) 4,400 4,400 Louisa County Industrial Development Authority, Pooled Financing Project, RB, 3.550%, 01/01/20, LOC: Bank of America N.A. (b) 1,005 1,005 Lynchburg Industrial Development Authority, Aerofin Project, RB, AMT, 3.650%, 03/01/29, LOC: PNC Bank N.A. (b) 2,075 2,075 Lynchburg Industrial Development Authority, Educational Facilities, Randolph Macon Project, RB, 3.520%, 09/01/23, LOC: Wachovia Bank N.A. (b) 7,800 7,800 Lynchburg Industrial Development Hospital Facilities, VHA First Mortgage, Mid Atlantic Project, Ser G, RB, 3.470%, 12/01/25, LOC: AMBAC (b) 6,930 6,930 Newport News Industrial Development Authority, CNU Warwick LLC Student Housing Project, RB, 3.550%, 11/01/28, LOC: Bank of America N.A. (b) 4,300 4,300 Newport News Redevelopment & Housing Authority, Ser PT 1374, RB, 3.530%, 12/01/06, LOC: Merrill Lynch Capital Services, Inc. (b) 8,850 8,850 Norfolk Economic Development Authority, Hospital Facilities, RB, 3.560%, 11/01/34, LOC: Citigroup Global Markets (b) 3,000 3,000 Norfolk Industrial Development Authority, Children's Hospital Facilities Project, RB, 3.550%, 06/01/20, LOC: Wachovia Bank N.A. (b) 15,300 15,300 Orange County Industrial Development Authority, Zamma Project, RB, 3.670%, 12/01/22, LOC: Southtrust Bank N.A. (b) 1,815 1,815 Peninsula Ports Authority, Dominion Terminal Associates Project, Ser C, RB, 3.750%, 07/01/16, LOC: Citibank N.A. (b) 1,960 1,960 Peninsula Ports Authority, RB, 3.000%, 01/18/06 3,700 3,700 Peninsula Ports Authority, Riverside Health Systems Project, RB, 3.580%, 07/01/37 (b) 13,600 13,600 Richmond, Anticipation Notes, GO, 4.500%, 06/22/06 (b) 4,750 4,779 Richmond, Ser PT 1601, 3.530%, 07/15/17, LOC: Merrill Lynch Capital Services, Inc. (b) 9,315 9,315 Roanoke Industrial Development Authority, Hollins University Project, RB, 3.520%, 05/01/15, LOC: First Union National Bank (b) 5,500 5,500
Rockingham County Industrial Development Authority, Sunnyside Presbyterian Project, RB, 3.550%, 12/01/33, LOC: Branch Banking & Trust Co. (b) 10,145 10,145 Spotsylvania County Economic Development Authority, Public Facilities, Ser PT-2882, RB, 3.530%, 02/01/25, Callable 02/01/15 @ 100, LOC: FSA (b) 2,000 2,000 University of Virginia, Ser A, RB, 3.520%, 06/01/34 (b) 20,200 20,200 Virginia Beach Development Authority, Ocean Ranch Project, RB, 3.550%, 07/01/17, LOC: Branch Banking & Trust Co. (b) 1,740 1,740 Virginia Beach Water & Sewer, RB, 2.800%, 10/01/06 2,835 2,835 Virginia College Building Authority, Education Facilities, Ser 134, RB, 3.550%, 09/01/07, LOC: FSA (b) 9,415 9,415 Virginia College Building Authority, Virginia Education Facilities, Ser PT 1574, RB, 3.530%, 09/01/10, LOC: Merrill Lynch Capital Services, Inc. (b) 7,625 7,625 Virginia Commonwealth Transportation Board, Federal Highway Reimbursement, RB, 3.000%, 10/01/06 20,940 20,971 Virginia Commonwealth Transportation Board, Ser SG 134, RB, 3.530%, 05/15/22, Callable 05/15/09 @ 101, LOC: Societe Generale (b) 6,995 6,995 Virginia Resources Authority, Clean Water, Ser PA-790, RB, 3.530%, 10/01/16, Callable 10/01/10 @ 100, LOC: Merrill Lynch Capital Services, Inc. (b) (c) 2,600 2,600 Virginia Resources Authority, Clean Water, Ser PT-2967, RB, 3.530%, 10/01/20, LOC: Merrill Lynch Capital Services, Inc. (b) 13,000 13,000 Virginia Resources Authority, Infrastructure, Virginia Pooled Financing Project, Ser C, RB, 5.000%, 11/01/06 1,195 1,212 Virginia Small Business Financing Authority, Virginia Museum of Fine Arts Foundation, RB, 3.500%, 08/01/35, LOC: Wachovia National Bank NA (b) 1,000 1,000 Virginia State Housing Development 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, 3.580%, 07/01/24 (b) 14,705 14,705 Virginia State Public Building Authority, Ser 131, RB, 3.550%, 08/01/19, Callable 08/01/08 @ 100 (b) 1,785 1,785
Virginia State Public School Authority, Ser PT-3269, 3.530%, 08/01/20, Callable 08/01/15 @ 100, LOC: State Aid Withholding (b) 6,000 6,000 Virginia State Public School Authority, Ser PT-1619, RB, 3.530%, 08/01/08, LOC: Merrill Lynch Capital Services, Inc. (b) (c) 8,450 8,450 Virginia State Public School Authority, Ser II-R 4050, RB, 3.560%, 08/01/17, Callable 08/01/13 @ 100 (b) 4,125 4,125 Virginia State Public School Authority, Ser PT-2746, RB, 3.530%, 08/01/16, Callable 08/01/15 @ 100, LOC: State Aid Withholding (b) 5,800 5,800 Virginia State Small Business Financing Authority, Clarke County Industrial Development Project, PA-1052, RB, AMT, 3.650%, 07/01/25, LOC: Branch Banking & Trust Co. (b) 1,695 1,695 Williamsburg Industrial Development Authority, Colonial Williamsburg Museum Foundation Project, RB, 3.550%, 12/01/18, LOC: Bank of America N.A. (b) 250 250 -------- 468,898 -------- PUERTO RICO (4.7%) Puerto Rico Commonwealth, Ser PA 774 R, 3.500%, 07/01/13, LOC: Merrill Lynch Capital Services, Inc. (b) (c) 7,040 7,040 Puerto Rico Public Building Authority, Ser 577, RB, 3.500%, 07/01/21, Callable 07/01/07 @ 101.5, LOC: AMBAC (b) 7,000 7,000 Puerto Rico Public Building Authority, Ser PT-2973, RB, 3.500%, 07/01/16, LOC: FGIC (b) (c) 4,045 4,045 Puerto Rico Public Finance Corp., Ser PA-502, 3.500%, 06/01/19, LOC: Merrill Lynch Capital Services, Inc. (b) (c) 6,315 6,315 -------- 24,400 -------- TOTAL MUNICIPAL BONDS (COST $504,323) 504,323 -------- MONEY MARKET FUNDS (1.8%) Federated Virginia Municipal Cash Trust, Institutional Class 9,365,664 9,366 -------- TOTAL MONEY MARKET FUNDS (COST $9,366) 9,366 -------- TOTAL INVESTMENTS (COST $513,689) (A) - 99.7% 513,689 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.3% 1,425 -------- NET ASSETS - 100.0% $515,114 ========
---------- (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 December 31, 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 FHLMC - Security insured by Federal Home Loan Mortgage Corporation. FNMA - Security insured by Fannie Mae FSA - Security insured by Financial Security Assurance. 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 INSTITUTIONAL CASH MANAGEMENT MONEY MARKET FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
PRINCIPAL AMOUNT VALUE --------- -------- CERTIFICATES OF DEPOSIT (12.8%) BANKS (8.6%) Credit Suisse First Boston (USA), 4.310%, 01/09/06 (b) $ 50,000 $ 50,000 Regions Bank, 3.690%, 05/25/06 35,000 35,000 Toronto Dominion Bank (The), 3.805%, 06/30/06 30,000 30,001 Toronto Dominion Bank (The), 4.720%, 12/29/06 75,000 75,004 Washington Mutual Bank, 4.390%, 02/27/06 75,000 75,000 -------- 265,005 -------- DIVERSIFIED FINANCIAL SERVICES (4.2%) 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, 4.280%, 01/13/06 (b) 60,000 59,999 -------- 130,003 -------- TOTAL CERTIFICATES OF DEPOSIT (COST $395,008) 395,008 -------- COMMERCIAL PAPERS (20.5%) BANKS (8.2%) Australia & New Zealand National Ltd.,3.607%, 04/27/06 (c) 65,000 64,271 Australia & New Zealand National Ltd., 4.368%, 09/28/06 (c) 30,000 29,058 DEPFA Bank PLC, 3.693%, 05/30/06 (c) 30,000 29,558 Deutsche Bank Financial LLC, 4.394%, 01/03/06 (c) 100,000 99,976 Northern Rock PLC, 4.394%, 03/22/06 (c)(d) 30,000 29,711 -------- 252,574 -------- CONSUMER DISCRETIONARY (2.4%) Wal-Mart Funding Corp., 4.173%, 01/23/06 (c) 75,000 74,811 -------- DIVERSIFIED FINANCIAL SERVICES (9.9%) Barclays US Funding LLC, 4.217%, 01/23/06 (c) 35,000 34,911 Danske Corp., 4.736%, 12/29/06 (c) 50,000 47,727 Fairway Finance Corp., 4.332%, 01/20/06 (c) (d) 75,000 74,829 Fountain Square Commercial Funding Corp., 4.109%, 01/27/06 (c) (d) 25,000 24,927 Morgan Stanley, 4.434%, 01/04/06 (c) 40,000 39,985 New Center Asset Trust, Ser A-1, 4.311%, 01/30/06 (c) (d) 35,000 34,879
Surrey Funding Corp., 4.241%, 01/17/06 (c) 45,000 44,916 ------- 302,174 ------- TOTAL COMMERCIAL PAPERS (COST $629,559) 629,559 ------- CORPORATE BONDS (33.2%) AUTO MANUFACTURERS (1.6%) Toyota Motor Credit Corp., Ser B, 4.314%, 01/25/06 (b) 50,000 50,000 ------- BANKS (6.0%) Marshall & Ilsley Bank, 5.176%, 12/15/06 100,000 100,350 PNC Bank NA, 4.310%, 03/21/06 (b) 50,000 49,996 Wells Fargo Bank NA, 4.260%, 02/06/06 (b) 35,000 35,000 ------- 185,346 ------- DIVERSIFIED FINANCIAL SERVICES (23.5%) American Express Credit Corp., Ser B, 4.410%, 01/23/06 (b) 50,000 50,002 Beta Finance, Inc., 4.040%, 03/07/06 (b) (d) 35,000 35,000 Beta Finance, Inc., 4.198%, 07/25/06 (b) (d) 30,000 30,000 Beta Finance, Inc., 4.510%, 10/20/06 (d) 30,000 30,000 BMW US Capital LLC, 4.149%, 06/07/06 (b) 50,000 50,071 General Electric Capital Corp., Ser A, 35,000 35,007 4.461%, 02/03/06 (b) K2 (USA) LLC, 4.320%, 11/15/06 (b) (d) 50,000 49,996 Liberty Light US Capital, 4.330%, 50,000 49,999 01/17/06 (b)(d) Liberty Light US Capital, 4.320%, 50,000 49,997 05/11/06 (b)(d) Liquid Funding Ltd., 4.290%, 05/02/06 (b) (d) 50,000 49,998 Liquid Funding Ltd., 4.230%, 08/29/06 (b) (d) 50,000 50,000 Liquid Funding Ltd., 4.345%, 12/29/06 (b) (d) 35,000 34,995 Merrill Lynch & Co., Inc., 4.680%, 02/03/06 (b) 10,000 10,004 Morgan Stanley, 4.341%, 01/04/07 (b) 25,000 25,000 Sigma Finance, Inc., 4.319%, 01/18/06 (b) (d) 50,000 50,000 Sigma Finance, Inc., 4.198%, 08/04/06 (b) (d) 25,000 25,000 Sigma Finance, Inc., 4.320%, 01/03/07 (b) 35,000 35,000 Sprenger Enterprises, Inc., 4.870%, 10/01/35 (b) 10,000 10,000 Stanfield Victoria LLC, 4.315%, 12/15/06 (b) (d) 50,000 49,988 ------- 720,057 ------- INVESTMENT COMPANIES (2.1%) Dorada Finance, Inc., 4.209%, 07/25/06 (b) (d) 30,000 30,000
Dorada Finance, Inc., 4.235%, 09/11/06 (d) 35,000 35,000 --------- 65,000 --------- TOTAL CORPORATE BONDS (COST $1,020,403) 1,020,403 --------- DEMAND NOTES (0.7%) DIVERSIFIED FINANCIAL SERVICES (0.7%) Carmichael Properties LLC, 4.500%, 10/01/20 (b) 2,785 2,785 Gasmor Corp., 4.430%, 02/01/31 (b) 3,630 3,630 LP Pinewood SPV LLC, 4.400%, 02/01/18 (b) 14,900 14,900 --------- TOTAL DEMAND NOTES (COST $21,315) 21,315 --------- MASTER NOTES (4.9%) BANKS (4.9%) Bank of America Corp., 4.320%, 09/14/06 (b) 149,660 149,660 --------- TOTAL MASTER NOTES (COST $149,660) 149,660 --------- MUNICIPAL BONDS (16.5%) ALABAMA (0.3%) Alabaster, Ser A, GO, 4.400%, 04/01/14, LOC: AMBAC (b) 9,355 9,355 --------- ALASKA (3.1%) Alaska State Housing Finance Corp., Ser C, RB, 4.300%, 12/01/32 (b) 73,900 73,900 Alaska State Housing Finance Corp., Ser D, RB, 4.460%, 12/01/32 (b) 20,200 20,200 --------- 94,100 --------- CALIFORNIA (1.8%) California Housing Finance Agency, Ser C, RB, 4.450%, 02/01/41, LOC: Landesbank Hessen-Thueringen (b) 3,300 3,300 Oakland-Alameda County Coliseum Authority, Ser D, RB, 4.450%, 02/01/11 (b) 29,400 29,400 Santa Rosa Rancheria, Tachi Yokut Tribe, RB, 4.450%, 09/01/19, LOC: Bank One N.A. (b) 22,000 22,000 --------- 54,700 --------- COLORADO (3.8%) Colorado Housing & Finance Authority, RB, 4.450%, 11/01/32, LOC: JP Morgan Chase Bank (b) 31,255 31,255 Colorado Housing & Finance Authority, RB, 4.450%, 11/01/33, LOC: JP Morgan Chase Bank (b) 17,350 17,350 Colorado Housing & Finance Authority, RB, 4.450%, 10/01/34, LOC: FHLB (b) 19,500 19,500 Colorado Housing & Finance Authority, RB, 4.450%, 11/01/34, LOC: Dexia Credit Local (b) 22,905 22,905 Colorado Housing & Finance Authority, RB, 4.450%, 11/01/35, LOC: Lloyds TSB Bank PLC (b) 6,475 6,475
Colorado Housing & Finance Authority, RB, 4.450%, 05/01/41, LOC: Landesbank Hessen-Thueringen (b) 21,200 21,200 ------- 118,685 ------- FLORIDA (0.2%) Florida Housing Finance Corp., RB, 4.350%, 01/15/35, LOC: FNMA (b) 2,500 2,500 Florida Housing Finance Corp., RB, 4.500%, 06/15/36, LOC: Bank of America N.A. (b) 2,900 2,900 Orange County Housing Finance Authority, Multifamily, Ser D, RB, 4.480%, 07/15/34 (b) 2,000 2,000 ------- 7,400 ------- ILLINOIS (1.8%) Champaign, Ser B, GO, 4.450%, 01/01/24, LOC: Bank One N.A. (b) 4,900 4,900 Illinois Student Assistance Community, Student Loan, Ser D, RB, 4.460%, 09/01/23, LOC: Bank of America N.A. (b) 40,000 40,000 Wheaton College, University Improvements, Ser A, RB, 4.450%, 10/01/35, LOC: JP Morgan Chase Bank (b) 10,000 10,000 ------- 54,900 ------- MICHIGAN (1.5%) Michigan State Housing Development Authority, Rental Housing, Ser C, RB, 4.430%, 10/01/20 (b) 45,035 45,035 ------- MISSISSIPPI (1.7%) Mississippi Development Bank Special Obligation, Mceda Board Project, RB, 4.500%, 12/01/23, LOC: AMBAC (b) 3,820 3,820 Mississippi State, Nissan Project, Ser A, GO, 4.470%, 11/01/28, LOC: Bank of America N.A. (b) 47,700 47,700 ------- 51,520 ------- NEW YORK (1.3%) Babylon Industrial Development Agency, Topiderm, Inc. Project, Ser B, RB, 4.420%, 03/01/24, LOC: Citibank N.A. (b) 2,525 2,525 New York City Housing Development Corp., Chelsea Center, RB, 4.400%, 06/01/33, LOC: Bayerische Landesbank (b) 27,600 27,600 New York State Housing Finance Agency, Service Contract, RB, 4.450%, 09/15/08, LOC: Dexia Credit Local (b) 8,500 8,500 ------- 38,625 ------- TEXAS (0.2%) Texas State, Veteran Housing Fund, Ser II-D, GO, 4.450%, 06/01/20, LOC: Dexia Credit Local (b) 7,000 7,000 ------- VIRGINIA (0.8%) Newport News Economic Development Authority, Ship Building Project, Ser A, RB, 4.400%, 07/01/31, LOC: First Union National Bank (b) 21,530 21,530
Newport News Economic Development Authority, Ship Building Project, Ser B, RB, 4.450%, 07/01/31, LOC: First Union National Bank (b) 4,320 4,320 ------- 25,850 ------- TOTAL MUNICIPAL BONDS (COST $507,170) 507,170 ------- U.S. GOVERNMENT AGENCIES (2.4%) FANNIE MAE (2.4%) 4.218%, 01/09/06 (b) 25,000 25,000 3.551%, 05/26/06 (c) 50,000 49,309 ------- TOTAL U.S. GOVERNMENT AGENCIES (COST $74,309) 74,309 ------- REPURCHASE AGREEMENTS (10.2%) ABN AMRO Bank N.V., 4.005%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $29,782,270 (collateralized by U.S. Treasury Obligations; DN, due 01/05/06; market value $30,364,545) 29,769 29,769 Bear Stearns & Co., Inc., 4.205%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $54,494,003 (collateralized by U.S. Government Agencies; DN, due 07/01/26-12/01/35; market value $55,558,019) 54,469 54,469 BNP Paribas, 4.005%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $26,904,806 (collateralized by U.S. Government Agencies; 5.250%, due 04/15/07; market value $27,431,287) 26,893 26,893 Lehman Brothers, Inc., 4.155%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $83,685,794 (collateralized by U.S. Government Agencies; DN, due 11/01/26-07/01/33; market value $85,321,831) 83,647 83,647 Merrill Lynch & Co., Inc., 4.105%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $103,558,486 (collateralized by U.S. Government Agencies; 4.500-5.500%, due 11/01/14-03/01/35; market value $105,583,629) 103,511 103,511 UBS Warburg LLC, 4.215%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $16,423,462 (collateralized by U.S. Government Agencies; 4.500%, due 02/15/30-08/15/30; market value $16,746,976) 16,416 16,416 ------- TOTAL REPURCHASE AGREEMENTS (COST $314,705) 314,705 -------
TOTAL INVESTMENTS (COST $3,112,129) (A) - 101.2% 3,112,129 LIABILITIES IN EXCESS OF OTHER ASSETS - (1.2)% (35,489) ---------- NET ASSETS - 100.0% $3,076,640 ==========
---------- (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 December 31, 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 PLC - Public Limited Company RB - Revenue Bond Ser - Series SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS INSTITUTIONAL MUNICIPAL CASH RESERVE MONEY MARKET FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE --------- --------- MUNICIPAL BONDS (97.7%) ALABAMA (0.7%) Alabama Special Care Facilities, Financing Authority Hospital Revenue, Depreciable Assets, RB, 3.450%, 04/01/15, LOC: FGIC (b) $ 600 $ 600 Daphne-Villa, Mercy Alabama Special Care Facilities Financing Authority, Mercy Medical Project, RB, 3.520%, 12/01/30, LOC: Southtrust Bank N.A. (b) 100 100 ------ 700 ------ ARKANSAS (0.4%) Arkansas State Development Finance Authority, Solid Waste Disposal, Waste Management of Arkansas Project, RB, AMT, 3.530%, 06/01/28, LOC: Fleet National Bank (b) 350 350 ------ CALIFORNIA (9.1%) California State, Ser MT-162, GO, 3.100%, 08/01/17, Callable 08/01/15 @ 100, LOC: FSA (b) 2,000 2,000 California Statewide Communities Development Authority, Multifamily, RB, AMT, 3.610%, 08/01/29, LOC: Merrill Lynch Capital Services (b) 2,000 2,000 Los Angeles, California, Regional Airports Improvement Corp., Sublease, Los Angeles International Airport, RB, 3.750%, 12/01/25, LOC: Societe Generale (b) 5,000 5,000 ------ 9,000 ------ COLORADO (3.0%) Dawson Ridge Metropolitan District No 1, Ser PZ-88, GO, 3.560%, 10/01/22, LOC: Merrill Lynch Capital Services (b) 3,000 3,000 ------ CONNECTICUT (1.0%) Connecticut State, GO, 3.530%, 06/15/11, LOC: Merrill Lynch Capital Services (b) 950 950 ------ FLORIDA (10.1%) Collier County Housing Finance Authority, Brittany Apartments Project, Ser A, RB, AMT, 3.520%, 07/15/34, LOC: FNMA (b) 2,050 2,050 Florida Housing Finance Agency, Ashley Lake II Project, RB, AMT, 3.520%, 12/01/11, LOC: FHLMC (b) 250 250
Florida Housing Finance Agency, Multifamily Housing, RB, AMT, 3.520%, 12/01/25 (b) 355 355 Florida Housing Finance Corp, Ser MT-169, RB, 3.250%, 10/01/32, LOC: FHLB (b) 3,000 3,000 Lake County School Board, COP, 3.540%, 06/01/30, LOC: AMBAC (b) 2,000 2,000 Marion County Hospital District, Health Systems Improvement, Munroe Regional Health, RB, 3.420%, 10/01/30, LOC: Amsouth Bank of Florida (b) 980 980 Orange County Housing Finance Authority, Multifamily Housing, Cove at Lady Lake Apartments, Ser A, RB, AMT, 3.540%, 05/15/38, LOC: Amsouth Bank (b)(c) 450 450 Orange County Housing Finance Authority, Multifamily Housing, Northbridge Phase II, Ser A, RB, AMT, 3.530%, 09/15/36, LOC: Southtrust Bank N.A. (b) 900 900 ----- 9,985 ----- GEORGIA (0.8%) Newnan Development Authority, Multifamily Housing, Club at Newnan Crossing Project, RB, AMT, 3.540%, 09/15/36, LOC: Bank of America N.A.(b) 800 800 ----- ILLINOIS (11.3%) Chicago O'Hare International Airport, General Airport, Second Lien, Ser B, RB, 3.450%, 01/01/15, LOC: Societe Generale (b) 900 900 Chicago, Single Family Mortgage, RB, AMT, 3.590%, 04/01/07, LOC: FNMA (b) 400 400 Illinois Development Finance Authority, Lyric Opera Chicago Project, RB, 3.580%, 12/01/28 (b) 1,000 1,000 Illinois Finance Authority, Alexian Brothers Health, RB, 3.510%, 04/01/35, LOC: Bank One N.A. (b) 200 200 Illinois Finance Authority, Resurrection Health, Ser B, RB, 3.770%, 05/15/35, LOC: JP Morgan Chase Bank (b) 6,000 6,000 Illinois Health Facilities Authority, Decatur Memorial Hospital Project, Ser A, 3.520%, 11/15/24, LOC: MBIA (b) 200 200 Jackson-Union Counties Regional Port Facilities, Enron Transportation Services, RB, 3.520%, 04/01/24, LOC: First Union National Bank (b) 225 225 Lake County Adlai E Stevenson High School District, No. 125 Prairie, GO, 3.550%, 01/01/17, LOC: Merrill Lynch Capital Services (b) 2,200 2,200
Metropolitan Pier & Exposition Authority, Dedicated State Tax, RB, 3.590%, 12/15/21, LOC: MBIA (b) 100 100 ------ 11,225 ------ INDIANA (10.8%) Evansville Vanderburgh Public Leasing Corp, Ser PT-2694, RB, 3.550%, 01/15/24, Callable 07/15/15 @ 100, LOC: AMBAC (b) 2,000 2,000 Merrillville Multi School Building Corp, Ser PT-2842, RB, 3.550%, 07/15/22, Callable 07/15/15 @ 100, LOC: FGIC (b) 3,500 3,500 Wayne Township, Marion County School Building Corp., RB, 3.550%, 07/15/26, LOC: Merrill Lynch Capital Services (b) 2,200 2,200 West Clark 2000 School Building Corp, Ser PT-2631, RB, 3.550%, 01/15/23, Callable 01/15/15 @ 100, LOC: MBIA (b) 3,000 3,000 ------ 10,700 ------ IOWA (2.3%) Des Moines City Airport Passenger Facility, Ser A, RB, 2.900%, 01/17/06 2,300 2,300 ------ KENTUCKY (0.4%) Kentucky Economic Development Finance Authority, Hospital Facilities, Health Alliance, Ser C, RB, 3.520%, 01/01/22, LOC: MBIA (b) 400 400 ------ MARYLAND (3.2%) Montgomery County Housing Opportunities Commission, RB, AMT, 3.530%, 06/01/30, LOC: FNMA (b) 2,200 2,200 Montgomery County, Housing Opportunities Commission, Multi Family Housing Development, Ser C, RB, 3.450%, 07/01/37, LOC: DEPFA Bank PLC (b) 1,000 1,000 ------ 3,200 ------ MASSACHUSETTS (5.0%) Massachusetts State Development Finance Agency, Boston University, Ser R-2, RB, 3.740%, 10/01/42 (b) 5,000 5,000 ------ MICHIGAN (0.1%) Michigan State Housing Development Authority, Mutlifamily, RB, AMT, 3.540%, 06/01/18, LOC: Bank of New York (b) 100 100 ------ NEW JERSEY (2.3%) Essex County Improvement Authority, 3.540%, 10/01/20, LOC: FGIC (b) 2,250 2,250 ------ NEW YORK (20.1%) Jay Street Development Corp., Court Facilities Lease, Jay Street Project, Ser A-2, RB, 3.760%, 05/01/20, LOC: Depha Bank PLC (b) 4,000 4,000 Long Island Power Authority New York Electric System, Ser PA-1150, RB, 3.540%, 09/01/33, LOC: Merrill Lynch Capital Services (b) 5,000 5,000
New York City Housing Development Corp., Multifamily, Manhattan Court Development, Ser A, RB, AMT, 3.530%, 06/01/36, LOC: Citibank N.A. (b) 100 100 New York City Housing Development Corp., Multifamily, St Renaissance Court, Ser A, RB, AMT, 3.530%, 06/01/37, LOC: FHLMC (b) 2,000 2,000 New York City Transitional Finance Authority, NYC Recovery, Ser 3, Subser 3C, RB, 3.480%, 11/01/22, LOC: Dexia Credit Local (b) 1,000 1,000 New York Housing Finance Agency, Avalon Chrystie Place I Housing, RB, AMT, 3.540%, 11/01/36, LOC: Fleet National Bank (b) 300 300 New York State Dormitory Authority, Ser PT-746, RB, 3.400%, 10/01/17, Callable 10/01/12 @ 100, LOC: MBIA (b) 3,500 3,500 New York, Ser PT-2878, GO, 3.540%, 04/01/25, Callable 04/01/15 @ 100, LOC: Merrill Lynch Capital Services (b) 3,900 3,900 ------ 19,800 ------ NORTH CAROLINA (2.2%) North Carolina Medical Care Commission, NC Baptist Hospital Project, Ser B, RB, 3.510%, 06/01/22, LOC: Wachovia Bank of North Carolina (b) 1,200 1,200 Raleigh, Downtown Improvement Projects, Ser B, COP, 3.490%, 02/01/34, LOC: Depha Bank PLC (b) 1,000 1,000 ------ 2,200 ------ OHIO (3.5%) Ohio State Environmental Improvement, Newark Group Industries, Inc. Project, RB, AMT, 3.530%, 12/01/26, LOC: JP Morgan Chase Bank (b) 3,500 3,500 ------ OTHER (1.0%) MuniMae Trust, RB, AMT, 3.600%, 12/17/06, LOC: FHLMC (b) (c) 1,005 1,005 ------ PUERTO RICO (1.0%) Puerto Rico Commonwealth, Highway & Transportation Authority, RB, 3.500%, 01/01/08, LOC: MBIA (b) (c) 1,000 1,000 ------ TENNESSEE (2.5%) Metropolitan Government Nashville & Davidson County, Industrial Development Board, Multifamily Housing, Chimneytop II Project, RB, 3.420%, 09/01/06, LOC: Bank of America N.A. (b) 200 200
Sevier County Industrial Development Board, Heritage Log Homes, Inc., RB, AMT, 3.650%, 09/01/25, LOC: Branch Banking & Trust (b) 2,300 2,300 ------- 2,500 ------- TEXAS (0.9%) Mesquite Industrial Development Corp., Championship Rodeo, RB, 3.650%, 12/01/10, LOC: Bank One Texas N.A.(b) 925 925 ------- UTAH (3.0%) Utah Water Finance Agency, RB, 3.550%, 10/01/25, LOC: AMBAC (b) 3,000 3,000 ------- VIRGINIA (3.0%) Fairfax County Industrial Development Authority, Inova Health System, RB, 3.450%, 01/01/30 (b) 5 5 Norfolk Economic Development Authority, Hospital Facilities, Ser R-322, RB, 3.560%, 11/01/34, LOC: Citigroup Global Markets (b) 3,000 3,000 ------- 3,005 ------- TOTAL MUNICIPAL BONDS (COST $96,895) 96,895 ------- MONEY MARKETS (2.0%) Federated Tax Free Reserve Fund # 015 1,939,331 1,939 ------- TOTAL MONEY MARKETS (COST $1,939) 1,939 ------- TOTAL INVESTMENTS (COST $98,834) (A) - 99.7% 98,834 ------- OTHER ASSETS IN EXCESS OF LIABILITIES - 0.3% 336 ------- NET ASSETS - 100.0% $99,170 =======
---------- (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 December 31, 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 COP - Certificates of Participation FGIC - Security insured by the Financial Guaranty Insurance Company. FHLB - Security insured by Federal Home Loan Bank. FHLMC - Security insured by Freddie Mac. 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. PLC - Public Limited Company RB - Revenue Bond Ser - Series SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. STI CLASSIC FUNDS INSTITUTIONAL U.S. GOVERNMENT SECURITIES MONEY MARKET FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
PRINCIPAL AMOUNT VALUE --------- -------- U.S. GOVERNMENT AGENCIES (41.6%) FANNIE MAE (25.0%) 4.218%, 01/09/06 (b) $ 70,770 $ 70,770 4.216%, 01/18/06 (c) 40,000 39,921 4.195%, 02/06/06 (b) 15,000 14,999 3.587%, 04/28/06 (c) 20,000 19,774 4.270%, 05/09/06 (b) 25,000 25,000 4.268%, 05/22/06 (b) 20,000 19,999 3.835%, 05/26/06 (c) 15,000 14,775 4.180%, 07/17/06 (b) 25,000 24,998 4.210%, 09/01/06 (c) 10,000 9,727 4.741%, 12/12/06 (c) 30,000 28,715 -------- 268,678 -------- FEDERAL FARM CREDIT BANK (0.9%) 3.585%, 05/15/06 (c) 10,000 9,871 -------- FEDERAL HOME LOAN BANK (4.7%) 4.099%, 07/21/06 (b) 15,000 14,999 4.109%, 07/21/06 (b) 25,000 25,000 4.205%, 08/26/06 10,000 10,003 -------- 50,002 -------- FREDDIE MAC (11.0%) 3.543%, 04/18/06 (c) 10,000 9,898 3.604%, 05/02/06 (c) 15,000 14,824 3.639%, 05/30/06 (c) 20,000 19,709 3.995%, 07/25/06 (c) 10,000 9,781 4.122%, 07/31/06 (c) 10,000 9,768 4.146%, 08/04/06 (c) 10,000 9,762 4.369%, 09/27/06 (c) 10,000 9,685 4.329%, 09/29/06 (c) 10,000 9,688 4.094%, 11/16/06 (b) 15,000 15,000 4.671%, 12/01/06 (c) 10,000 9,585 -------- 117,700 -------- TOTAL U.S. GOVERNMENT AGENCIES (COST $446,251) 446,251 -------- REPURCHASE AGREEMENTS (58.6%) ABN AMRO Bank N.V., 4.005%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $102,840,140 (collateralized by U.S. Treasury Obligations, DN, due 01/05/06; total market value $104,850,993) 102,794 102,794 BNP Paribas, 4.005%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $90,300,765 (collateralized by U.S. Government Agencies, DN - 4.500%, due 02/22/07 - 10/19/15; total market value $92,069,105) 90,261 90,261 Lehman Brothers, Inc., 4.155%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $86,230,912 (collateralized by U.S. Government Agencies, DN, due 09/01/24 - 01/01/34; total market value $87,916,384) 86,191 86,191
Merrill Lynch & Co., Inc., 4.105%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $29,604,421 (collateralized by U.S. Government Agencies, 5.000% - 6.255%, due 09/01/13 - 10/01/25; total market value $30,183,767) 29,591 29,591 Morgan Stanley, 4.155%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $137,964,079 (collateralized by U.S. Government Agencies, 4.000% - 9.500%, due 02/01/11 - 11/01/35; total market value $140,668,578) 137,900 137,900 UBS Warburg LLC, 4.215%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $180,826,406 (collateralized by U.S. Government Agencies, DN - 5.000%, due 03/25/17 - 03/25/30; total market value $184,357,085) 180,742 180,742 ---------- TOTAL REPURCHASE AGREEMENTS (COST $627,479) 627,479 ---------- TOTAL INVESTMENTS (COST $1,073,730) (A) - 100.2% 1,073,730 LIABILITIES IN EXCESS OF OTHER ASSETS - (0.2)% (2,152) ---------- NET ASSETS - 100.0% $1,071,578 ==========
---------- (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 December 31, 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 INSTITUTIONAL U.S. TREASURY SECURITIES MONEY MARKET FUND Schedule of Portfolio Investments December 31, 2005 (Unaudited) (Amounts in thousands, except shares)
PRINCIPAL AMOUNT VALUE --------- -------- U.S. TREASURY OBLIGATIONS (17.1%) U.S. TREASURY BILLS (17.1%) 3.344%, 01/05/06 (b) $295,500 $295,407 3.786%, 03/16/06 (b) 64,000 63,511 3.754%, 03/23/06 (b) 60,000 59,503 4.084%, 04/20/06 (b) 115,000 113,607 -------- TOTAL U.S. TREASURY OBLIGATIONS (COST $532,028) 532,028 -------- REPURCHASE AGREEMENTS (80.6%) ABN AMRO Bank N.V., 3.355%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $537,587,925 (collateralized by U.S. Treasury Obligations, DN-10.625%, due 01/05/06 - 02/15/29; total market value $548,136,129) 537,388 537,388 Bear Stearns & Co., Inc., 2.955%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $40,517,403 (collateralized by U.S. Treasury Obligations, 2.000% - 3.500%, due 11/15/06 - 01/15/14; total market value $41,315,367) 40,504 40,504 BNP Paribas, 3.205%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $410,761,613 (collateralized by U.S. Treasury Obligations, 1.875% - 3.000%, due 07/15/12 - 07/15/13; total market value $418,828,071) 410,615 410,615 Deutsche Bank AG, 3.305%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $57,847,578 (collateralized by U.S. Treasury Obligations, DN-5.500%, due 04/30/07- 02/15/29; total market value $58,938,518) 57,826 57,826 Dresdner Bank AG, 3.455%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $146,458,289 (collateralized by U.S. Treasury Obligations, DN-8.125%, due 01/05/06 - 02/15/31; total market value $149,331,993) 146,402 146,402 Greenwich Capital Markets, Inc., 3.405%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $265,036,154 (collateralized by U.S. Treasury Obligations, 3.875% - 8.875%, due 10/15/06 - 02/15/23; total market value $270,237,434) 264,936 264,936
JPMorgan Chase & Co., 3.355%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $146,278,226 (collateralized by U.S. Treasury Obligations, 5.500% - 9.250%, due 02/15/16 - 08/15/29; total market value $149,149,648) 146,224 146,224 Lehman Brothers, Inc., 3.255%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $126,943,203 (collateralized by U.S. Treasury Obligations, DN-13.250%, due 02/15/06 - 02/15/23; total market value $129,436,677) 126,897 126,897 Merrill Lynch & Co., Inc., 3.305%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $102,511,807 (collateralized by U.S. Treasury Obligations, DN-8.750%, due 05/15/17 - 02/15/19; total market value $104,524,850) 102,474 102,474 Morgan Stanley, 3.355%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $107,420,157 (collateralized by U.S. Treasury Obligations, DN, due 02/15/22 - 02/15/23; total market value $109,528,030) 107,380 107,380 UBS Warburg LLC, 3.455%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $562,805,826 (collateralized by U.S. Treasury Obligations, 1.875%, due 07/15/15; total market value $573,841,881) 562,590 562,590 ---------- TOTAL REPURCHASE AGREEMENTS (COST $2,503,236) 2,503,236 ---------- TOTAL INVESTMENTS (COST $3,035,264) (A) - 97.7% 3,035,264 OTHER ASSETS IN EXCESS OF LIABILITIES - 2.3% 71,412 ---------- NET ASSETS - 100.0% $3,106,676 ==========
---------- (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. 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 December 31, 2005: Aggressive Growth Stock Fund, Capital Appreciation Fund, Emerging Growth Stock Fund, International Equity Fund, International Equity Index Fund, Large Cap Relative Value Fund, Large Cap Value Equity Fund, Mid-Cap Equity Fund, Mid-Cap Value Equity Fund, Quality Growth Stock Fund, Small Cap Growth Stock Fund, Small Cap Value Equity Fund, Strategic Quantitative Equity Fund, Balanced Fund, Life Vision Aggressive Growth Fund, Life Vision Conservative Fund, Life Vision Growth and Income Fund, Life Vision Moderate Growth Fund, Life Vision Target Date 2015 Fund, Life Vision Target Date 2025 Fund, Life Vision Target Date 2035 Fund, Core Bond Fund, Florida Tax-Exempt Bond Fund, Georgia Tax-Exempt Bond Fund, High Income Fund, High Quality Bond Fund, Intermediate Bond Fund, Investment Grade Bond Fund, Investment Grade Tax-Exempt Bond Fund, Limited Duration Fund, Limited-Term Federal Mortgage Securities Fund, Maryland Municipal Bond Fund, North Carolina Tax-Exempt Bond Fund, Seix High Yield Fund, Short-Term Bond Fund, Short-Term U.S. Treasury Securities Fund, Strategic Income Fund, Total Return Bond Fund, U.S. Government Securities Fund, U.S. Government Securities Ultra-Short Bond Fund, Ultra-Short Bond Fund, Virginia Intermediate Municipal Bond Fund, Virginia Municipal Bond Fund, Prime Quality Money Market Fund, Tax-Exempt Money Market Fund, U.S. Government Securities Money Market Fund, U.S. Treasury Money Market Fund, Virginia Tax-Free Money Market Fund, Classic Institutional Cash Management Money Market Fund, Classic Institutional Municipal Cash Reserve Money Market Fund, Classic Institutional U.S. Government Securities Money Market Fund and Classic Institutional U.S. Treasury Securities 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 p.m. 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 sale 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 p.m. 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' accounting agent 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 are 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 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' accounting agent and may preauthorize the Funds' accounting agent 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 does not preauthorize the Funds' accounting agent to utilize a Fair Value Pricing Service, the adviser will request that a Committee meeting be called. In addition, the Funds' accounting agent 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 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, Life Vision Conservative Fund, Life Vision Growth and Income Fund, Life Vision Moderate Growth Fund, Life Vision Target Date 2015 Fund, Life Vision Target Date 2025 Fund and Life Vision Target Date 2035 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 The Funds may purchase instruments from financial institutions, such as banks and broker-dealers, subject to the seller's agreement to repurchase them at an agreed upon time and price ("repurchase agreement"). A third party custodian bank takes possession of the underlying securities ("collateral") of a repurchase agreement, 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 fixed income funds and 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. FOREIGN CURRENCY TRANSLATION The books and records of the Funds are maintained in U.S. dollars. The market value of investment securities and foreign currency amounts are translated into U.S. dollars at the current rate of exchange. 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. The Seix High Yield Fund invests in high yield instruments are subject to certain additional credit and market risks. The yields of high yield debt obligations reflect, among other things, perceived credit risk. High Yield securities involved greater risk of default or downgrade and are more volatile than investment grade securities. The Prime Quality Money Market, Tax-Exempt Money Market, U.S. Government Securities Money Market, U.S. Treasury Money Market and Virginia Tax-Free 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 Funds 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. 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 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 Capital Appreciation Fund, International Equity Fund, International Equity Index Fund, Large Cap Relative Value Fund, Large Cap Value Equity Fund, Mid-Cap Equity Fund, Mid-Cap Value Equity Fund, Quality Growth Stock Fund, Small Cap Growth Stock Fund, Small Cap Value Equity Fund, Balanced Fund, High Income Fund, Investment Grade Bond Fund, Limited-Term Federal Mortgage Securities Fund, Seix High Yield Fund, Short-Term Bond Fund, Strategic Income Fund, Ultra-Short Bond Fund, U.S. Government Securities Fund, U.S. Government Securities Ultra-Short Bond 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 either (i) 50% of the sum of the market value of all securities of the Fund and the market value of the loan collateral or (ii) 33.33% of the total market value of all securities of the Fund. No Fund will lend portfolio securities to its investment adviser, sub-adviser or its 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 for the equity funds is at least 100% of the market value of the securities loaned, or in the case of the fixed income funds, the initial value of the collateral is at least 102% of the market value of the securities loaned and 100% thereafter. 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 (the "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 December 31, 2005, the Portfolio was invested in money market mutual funds, certificates of deposit, commercial paper, repurchase agreements, U.S. agency obligations and corporate bonds (with interest rates ranging from 4.12% to 4.65% and maturity dates ranging from 01/03/06 to 11/25/15). 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 February 27, 2006 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By (Signature and Title)* \s\ R. Jeffrey Young ---------------------------------------------- R. Jeffrey Young, President, STI Classic Funds Date February 27, 2006 By (Signature and Title)* \s\ David Hughes ------------------------------------------ David Hughes, Treasurer, STI Classic Funds Date February 27, 2006 * Print the name and title of each signing officer under his or her signature.