| 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% | |||||||||||||||||||