Stephen F. Austin State University
Inventory of Fixed Securities
Endowment Fund
May 31, 2005
Beginning Period Ending Period
Maturity Face 3/1/2005 3/1/2005 5/31/2005 5/31/2005 Market Value Current Accrued
Security Date Coupon Amount Book Value Market Value Book Value Market Value Change Yield Interest
Ford Motor Credit Co. Notes 08/01/05 7.600% 118,000 $119,851 $119,900 ($119,900)
Liberty Media Notes floating 123,000 $123,484 $124,514 ($124,514)
Morgan Chase & Co Global Notes 05/30/07 5.250% 117,000 $122,575 $120,125 ($120,125)
General Motors Accept Notes 01/19/10 7.750% 112,000 $125,260 $116,897 ($116,897)
Alcan Inc. Global Notes 02/15/14 5.200% 121,000 $121,063 $123,315 ($123,315)
General Electric Capital Notes 04/01/09 3.125% 134,000 $133,725 $128,094 ($128,094)
U.S. Treasury Note 11/30/05 1.875% 788,000 $679,153 $678,739 $781,180 $783,104 $104,365 1.88%
U.S. Treasury Note 08/15/07 2.750% 160,000 $246,445 $241,701 $159,486 $157,104 ($84,597) 2.80% $1,276
Fed Nat'l Mtg Assoc. Note 02/01/11 6.250% 250,000 $266,254 $265,834 $269,724 $273,202 $7,368 5.71% $5,208
U.S. Treasury Note 11/15/14 4.250% 725,000 $504,630 $495,255 $730,891 $738,086 $242,831 4.17% $1,339
U.S. Treasury Note 05/15/16 7.250% 130,000 $152,347 $151,427 $159,748 $165,531 $14,104 5.69% $410
Household Finl Corp Ltd Notes 01/24/06 6.500% 85,000 $128,402 $127,211 $86,984 $86,488 ($40,723) 6.38% $1,949
IBM Corp Nots 10/01/06 4.875% 160,000 $162,099 $162,104 $162,104 4.81% $1,300
Province of Ontario Bond 12/15/06 2.650% 135,000 $124,808 $122,571 $134,630 $132,717 $10,146 2.69% $1,649
Citigroup Inc Notes 02/01/08 3.500% 164,000 $161,273 $161,544 $161,544 3.55% $1,914
General Electric Capital Notes 01/15/13 5.450% 153,000 $160,513 $161,682 $161,682 5.15% $3,150
Goldman Sachs Notes 10/01/14 5.000% 127,000 $124,073 $123,053 $126,067 $127,057 $4,004 4.95% $1,050
$2,877,000 $2,972,070 $2,938,636 $2,932,595 $2,948,619 $742,828 $19,245
Weighted Average Years to Maturity 4.62
Weighted Average Yield 3.75%