Stephen F. Austin State University
Inventory of Fixed Securities
Endowment Funds
May 31, 2004
Beginning Period Ending Period
Maturity Face 3/1/2004 3/1/2004 5/31/2004 5/31/2004 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% 117,000 $136,518 $137,305 $122,897 $122,046 (15,259) 5.03% $2,269
U. S. Treasury Note 02/15/07 2.250% 366,000 $361,811 $359,481 359,481 2.29% $2,330
U. S. Treasury Note 03/15/07 3.125% 121,000 $120,742 $121,151 121,151 3.12% $134
Fed Natl Mtg Assoc Sub Notes 02/01/11 6.250% 239,000 $266,776 $272,627 $263,467 $255,431 (17,196) 5.84% $4,854
FNMA P725168 01/01/19 4.500% 303,000 $301,846 $304,291 $291,409 $284,601 (19,690) 4.59% $982
FNMA P255227 01/01/19 4.500% 7,000 $7,053 $6,817 6,817 4.60% $24
Hewlett Packard Co. Notes 06/15/05 7.150% 112,000 $119,303 $119,687 $122,100 $121,550 1,863 6.82% $3,755
Ford Motor Credit Co. Notes 08/01/05 7.600% 113,000 $118,962 $120,521 $122,126 $123,191 2,670 7.21% $2,890
FleetBoston Finl Corp Notes 09/15/05 7.250% 118,000 $127,301 $127,792 (127,792)
Household Finl Corp Ltd Notes 01/24/06 6.500% 122,000 $128,056 $128,811 $130,057 $129,265 454 6.13% $2,731
Liberty Media Notes floating 123,000 $119,739 $120,567 $123,720 $125,087 4,520
United Tech Corp Notes 11/01/06 4.875% 140,000 $147,881 $149,130 $151,385 $149,841 711 4.68% $527
Province of Ontario Bond 12/15/06 2.650% 118,000 $117,775 $118,483 $122,833 $120,776 2,293 2.69% $1,648
Sprint Capital Corp Co. Guarantee 01/15/07 6.000% 115,000 $122,027 $124,154 $121,405 $120,888 (3,266) 5.70% $2,549
General Electric Cap Corp Bonds 03/15/07 5.375% 121,000 $129,531 $130,874 (130,874)
Time Warner Inc. Notes 05/01/07 6.150% 117,000 $126,452 $128,270 (128,270)
Morgan Chase & Co Global Notes 05/30/07 5.250% 113,000 $120,432 $121,965 $120,923 $118,891 (3,074) 5.03% $2,959
General Motors Capital Notes 04/01/09 3.125% 134,000 $133,725 $126,865 126,865 3.30% $687
General Motors Accept Notes 01/19/10 7.750% 106,000 $121,495 $122,221 $124,147 $117,777 (4,444) 7.17% $3,027
Centex Corp Senior Notes 02/01/11 7.875% 99,000 $114,623 $117,993 (117,993)
Duke Energy Corp Notes 01/15/12 6.250% 121,000 $129,703 $132,424 $129,419 $126,155 (6,269) 5.99% $2,794
Intl Paper Co Notes 10/31/12 multi 115,000 $120,202 $122,792 (122,792)
Cox Communications Inc. Notes 10/01/12 7.125% 103,000 $115,560 $119,513 $120,936 $118,154 (1,359) 6.51% $1,218
Alcan Inc. Global Notes 02/15/14 5.200% 121,000 $121,080 $125,724 $121,069 $117,864 (7,860) 5.33% $2,971
NM SLM Corp Notes 01/31/14 floating 121,000 $121,000 $121,888 $130,143 $128,050 6,162
Total 3,385,000 2,926,262 2,967,032 2,941,367 2,893,881 (73,151) 38,349
Weighted Average Years to Maturity 4.98
Weighted Average Yield 5.22%