Stephen F. Austin State University
Inventory of Fixed Securities
Endowment Funds
February 28, 2004
Beginning Period Ending Period
Maturity Face 12/1/2003 12/1/2003 2/28/2004 2/28/2004 Market Value Current Accrued
Security Date Coupon Amount Book Value Market Value Book Value Market Value Change Yield Interest
Fed Home Loan Mtg Corp Notes 01/15/06 5.250% 226,000 $241,994 $239,842 (239,842)
Fed Home Loan Mtg Corp Notes 01/15/06 5.250% 129,000 $138,129 $136,901 $136,518 $137,305 404 4.93% $790
Fed Natl Mtg Assoc Sub Notes 02/01/11 6.250% 242,000 $266,776 $264,612 $266,776 $272,627 8,015 5.54% $1,093
FNMA P254903 01/01/33 5.000% 320,000 $314,139 $312,744 (312,744)
FNMA P725168 01/01/19 4.500% 303,000 $301,846 $304,291 304,291 4.45% $979
Hewlett Packard Co. Notes 06/15/05 7.150% 112,000 $120,733 $120,365 $119,303 $119,687 (678) 6.69% $1,601
Ford Motor Credit Co. Notes 08/01/05 7.600% 113,000 $120,019 $120,254 $118,962 $120,521 267 7.12% $620
FleetBoston Finl Corp Notes 09/15/05 7.250% 118,000 $128,838 $128,178 $127,301 $127,792 (386) 6.69% $3,850
Household Finl Corp Ltd Notes 01/24/06 6.500% 119,000 $129,273 $128,381 $128,056 $128,811 430 6.00% $709
Liberty Media Notes floating 119,000 $119,811 $120,250 $119,739 $120,567 317
United Tech Corp Notes 11/01/06 4.875% 140,000 $148,629 $147,795 $147,881 $149,130 1,335 4.57% $2,199
Province of Ontario Bond 12/15/06 2.650% 118,000 $117,775 $117,233 $117,775 $118,483 1,250 2.63% $790
Sprint Capital Corp Co. Guarantee 01/15/07 6.000% 115,000 $122,650 $121,412 $122,027 $124,154 2,742 5.55% $805
General Electric Cap Corp Bonds 03/15/07 5.375% 121,000 $130,249 $129,466 $129,531 $130,874 1,408 4.96% $2,926
Time Warner Inc. Notes 05/01/07 6.150% 117,000 $127,218 $126,875 $126,452 $128,270 1,395 5.60% $2,318
Morgan Chase & Co Global Notes 05/30/07 5.250% 113,000 $121,016 $119,860 $120,432 $121,965 2,105 4.86% $1,434
Gen Motors Accept Corp Notes 07/15/05 7.500% 113,000 $120,589 $120,888 (120,888)
General Motors Accept Notes 01/19/10 7.750% 106,000 $121,495 $122,221 122,221 6.72% $867
Centex Corp Senior Notes 02/01/11 7.875% 99,000 $115,223 $115,874 $114,623 $117,993 2,119 6.60% $563
Duke Energy Corp Notes 01/15/12 6.250% 121,000 $129,987 $130,797 $129,703 $132,424 1,627 5.71% $882
Intl Paper Co Notes 10/31/12 multi 115,000 $120,355 $119,026 $120,202 $122,792 3,766 5.47%
Cox Communications Inc. Notes 10/01/12 7.125% 103,000 $115,952 $117,833 $115,560 $119,513 1,680 6.14% $2,976
Alcan Inc. Global Notes 02/15/14 5.200% 121,000 $121,080 $125,724 125,724 5.00% $1,380
NM SLM Corp Notes 01/31/14 floating 121,000 $121,000 $121,888 121,888
Total 3,424,000 2,949,355 2,938,586 2,926,262 2,967,032 28,446 26,782
Weighted Average Years to Maturity 7.64
Weighted Average Yield 5.04%