Plus-values

Parts

Description des titres

Valeur boursière

Valeur d'achat

moins-values latentes

500,000

CHILE(REP OF) 6.875% SR NTS 28/4/2009 USD

494,090.00

491,400.00

- 2,690.00

650,000

FINLAND REP NT DTD 07/28/1994 7.875 DUE 07-28-2004 REG

706,062.50

700,732.50

- 5,330.00

1,344,000

US TREAS BDS 5.25 DUE 02-15-2029 REG

1,195,913.59

1,228,913.28

32,999.69

1,005,000

US TREAS BDS 6 DUE 02-15-2026 REG

1,008,046.52

1,016,778.60

8,732.08

125,000

US TREAS NTS DTD 08/15/1999 6 DUE 08-15-2009 REG

131,410.61

129,921.88

- 1,488.73

495,000

US TREAS NTS DTD 08/15/2000 5.75 DUE 08-15-2010 REG

509,004.17

506,156.85

- 2,847.32

620,000

US TREAS SER A-2003 6.25 NT DUE 2-15-03 REG

637,437.50

639,181.25

1,743.75

355,000

FHLMC DEB DTD 07/10/2000 7 07-15-2005

361,816.00

375,078.80

13,262.80

500,000

FNMA 6.625 DUE 11-15-2010 REG

498,242.79

516,560.00

18,317.21

250,000

FNMA PREASSIGN 00052 6.25 02-01-2011

249,210.00

246,835.00

- 2,375.00

125,000

AXA 8.6% SUB NT 15.12.2030

124,643.75

139,485.74

14,841.99

200,000

FRANCE TELECOM 7.75% BDS 1/3/11 USD1000'3'

199,612.00

203,470.00

3,858.00

195,000

BARCLAYS BANK 7.375% SUB NTS 29/6/2049 US

194,050.35

193,908.00

- 142.35

225,000

STANDARD CHARTERED 8.0% 30/05/2031

223,155.00

231,592.50

8,437.50

210,000

6.664 DUE 09-15-2013 BEO

210,000.00

210,000.00

-

250,000

AIG SUNAMERICA GLOBAL FINANCING IV 5.85% BDS 02-01-2006 USD REGS

249,867.50

251,096.62

1,229.12

250,000

ALLST FIN GLBAL FD 6.15% BONDS 01/02/2006

249,925.00

253,350.60

3,425.60

400,000

BOEING CAP CORP BOEING CAP CORP 5.65 DUE05-15-2006 BEO

399,272.00

395,360.00

- 3,912.00

275,000

CITIGROUP INC SUB NT 7.25 DUE 10-01-2010BEO

279,938.30

285,463.75

5,525.45

105,000

DUKE ENERGY FIELD SVCS LLC NT 7.875 DUE 08-16-2010 BEO

104,878.20

110,028.45

5,150.25

400,000

GEN ELEC CAP CORP MEDIUM TERM NTS BOOK ENTRY TR 00483 5.35 DUE 03-30-2006 BEO

399,652.00

394,628.00

- 5,024.00

130,000

KEYSPAN CORP NT 8 DUE 11-15-2030 BEO

129,797.20

139,306.70

9,509.50

340,000

NATL RURAL UTILS COOP FIN CORP COLL TR BD DTD 05/23/2001 6 DUE 05-15-2006 BEO

338,436.00

339,024.20

588.20

500,000

NEWS AMER HLDGS INC 10.125 DUE 10-15-2012/10-15-2002 REG

567,335.00

542,975.00

- 24,360.00

195,000

PITNEY BOWES INC 5.87500 04/30/01 05/01/06 5.875 DUE 05-01-2006 BEO

194,816.70

193,299.60

- 1,517.10

265,000

SBC COMMUNICATIONS INC SBC COMMUNICATIONS INC 6.25 3-15-11 BEO

263,121.15

257,503.15

- 5,618.00

275,000

WORLDCOM INC GA NEW 7.50000 05/16/01 05/15/11 7.5 DUE 05-15-2011 BEO

271,986.00

268,908.75

- 3,077.25

52

FHLMC GOLD POOL C00921 7.5 02-01-2030

50.47

52.59

2.12

400,000

FNMA 30 YR PASS-THROUGHS 7.5 30 YEARS SETTLES JUN

408,750.00

407,875.00

- 875.00

186,026

FNMA POOL #535039 8 DUE 12-01-2029 REG

188,903.84

192,129.76

3,225.92

431,708

FNMA POOL #535095 8 DUE 01-01-2030 REG

440,814.28

445,872.27

5,057.99

400,000

FNMA POOL #535425 7.5 DUE 08-01-2030 REG

408,750.28

408,124.28

- 626.00

1

GNMA, POOL # 780250 SERIES 2025 7.5% DUE 09-15-2025

1.09

1.11

0.02

750,000

DISCOVER CARD MASTER TR I 1998-7 CR CARDPASSTHRU CTF CL A 5.6 05-15-06 BEO

705,468.76

757,260.00

51,791.24

325,000

CMO LB-UBS COML MTG TR 2000-C5 COML MTG PASSTHRU CTF CL A-2 6.51 DUE 12-15-2026

326,459.90

322,200.78

- 4,259.12

348,976

CMO LB-UBS COML MTG TR 2001-C2 CL A-1 6.27 DUE 06-15-2020

351,811.89

348,624.69

- 3,187.20

338,970

CMO PRUDENTIAL MTG CAP FDG L L C 01-C1 CL A-1 6.232 05-01-11 BEO

339,817.56

339,817.56

-

501,978

DLJ MTG ACCEP CORP SER 1998-2 6.75 CTF DUE 06-19-2028 BEO

504,135.15

497,741.52

- 6,393.63

TOTAL

13,866,683.05

13,980,658.78

113,975.73

Plus-values

Unités

Description des titres

Valeur boursière

Valeur d'achat

moins-values latentes

3,700,000

AUSTRALIA (CMNWTH) 5.75% BDS'611' 15/06/2011

2,147,237.60

1,837,479.42

- 309,758.18

1,000,000

JAPAN FIN CORP ME 9.125% GTD BDS 16/02/05 GBP

1,935,672.22

1,535,946.33

- 399,725.89

11,500,000

DENMARK(KINGDOM) 7% BDS 15/12/04 DKK0.01

1,902,240.25

1,391,795.54

- 510,444.71

2,300,000

FRANCE(GOVT OF) 3% OATI 25/7/2009 EUR1

2,027,770.13

2,013,023.27

- 14,746.86

3,200,000

FRANCE(GOVT OF) 5.5% OAT 25/4/2029 EUR1

2,881,723.47

2,605,737.89

-275,985.58

2,608,102

ITALY(REP OF) 8.5% BTP 1/8/2004 EUR0.01

3,286,949.80

2,442,577.26

- 844,372.54

2,614,402

SPAIN(KINGDOM OF) 8% BDS 30/5/04 EUR

3,282,282.12

2,414,393.95

- 867,888.17

3,000,000

FHLMC 5.25% EURO BD 15.01.2006

2,748,762.06

2,579,511.88

- 169,250.18

2,600,000

PHILIPS ELEC(KON) 5.75% BDS 16/5/2008 EUR1000

2,304,157.75

2,168,005.62

- 136,152.13

4,500,000

UNILEVER UNILEVER 5.125% 07/06/2006

3,973,333.98

3,811,364.04

- 161,969.94

3,600,000

BAT INTL FINANCE 4.875% GTD MTN 25/02/09 EUR

3,598,579.26

2,800,866.86

- 797,712.40

3,500,000

TRANSCO 5.25% EURO MTN 23/5/06 EUR

3,080,272.35

2,948,542.67

- 131,729.68

1,500,000

WPP GROUP PLC UNSORDINAT 6.0% 18/06/2008

1,266,716.91

1,261,819.91

- 4,897.00

280,000,000

GEN MOTORS ACCEPT FRN 26/07/2002

2,458,098.79

2,235,711.99

- 222,386.80

666,000,000

KFW INTERNATIONAL 1.75% BK GUAR 23.03.2010

6,152,448.85

5,771,920.65

- 380,528.20

3,260,000

NEW ZEALAND(GOVT) 8% LN 15/4/2004 NZD100

1,696,586.06

1,363,388.96

- 333,197.10

15,900,000

SWEDEN(KINGDOM OF) 8% BDS 15/8/2007 SEK '1037'

2,432,647.58

1,664,881.70

- 767,765.88

TOTAL

47,175,479.18

40,846,967.94

- 6,328,511.24

Plus-values

Parts

Description des titres

Valeur boursière

Valeur d'achat

moins-values latentes

618,366

FIDUCIARY INTL EMERG MKTS BD

6,154,515.96

6,480,475.89

325,959.93

309,733

FIDUCIARY TST GBL US HIGH GWTH EQ FD

3,430,368.00

9,716,318.88

6,285,950.88

32,500

ASIA EX JAPAN EQT FD UNT 10 PLAC

325,000.00

251,550.00

- 73,450.00

9,909,883.96

16,448,344.77

6,538,460.81

Plus-values

Parts

Description des titres

Valeur boursière

Valeur d'achat

moins-values latentes

-

Livre sterling

- 510,991.52

- 507,578.01

3,413.51

-

Dollar canadien

1,410,934.74

1,449,094.94

38,160.20

-

Euro

302,267.64

297,062.76

- 5,204.88

-

Euro

526,440.00

520,626.11

- 5,813.89

-

Euro

- 82,984.65

- 81,529.76

1,454.89

-

Yen japonais

- 953,733.27

- 948,441.31

5,291.96

-

Dollar des Etats-Unis

- 409,750.00

- 409,750.00

-

-

Dollar des Etats-Unis

- 1,410,934.74

- 1,410,934.74

-

-

Dollar des Etats-Unis

- 526,440.00

- 526,440.00

-

-

Livre sterling

-

-

-

-

Euro

-

-

-

-

Deutsche mark allemand

-

-

-

-

Dollar de Singapour

-

-

-

-

Franc suisse

-

-

-

136

Dollar australien

106.53

136.22

29.69

65,545

Dollar australien

67,674.62

65,544.78

- 2,129.84

138

Livre sterling

8,426.96

138.29

- 8,288.67

690,518

Livre sterling

685,131.14

690,518.38

5,387.24

35,583

Canadian dollar

34,928.85

35,582.50

653.65

473

Canadian dollar

464.62

473.32

8.70

100

Couronne danoise

2,802.08

100.06

- 2,702.02

682,511

Couronne danoise

681,577.91

682,510.80

932.89

- 281,130

Euro

- 273,834.11

- 281,130.25

- 7,296.14

-

Euro

- 47,246.67

-

47,246.67

3

Dollar de Hong Kong

7.45

2.66

- 4.79

106,924

Dollar de Hong Kong

106,921.72

106,924.45

2.73

474,948

Yen japonais

513,279.51

474,947.90

- 38,331.61

101

Peso mexicain

99.95

101.12

1.17

1,262,063

Peso mexicain

1,247,511.83

1,262,063.27

14,551.44

80

Dollar néozélandais

81.73

80.37

- 1.36

157,123

Dollar néozélandais

159,782.27

157,123.40

- 2,658.87

91

Couronne norvégienne

- 4,577.90

91.12

4,669.02

1,351,243

Couronne norvégienne

1,346,208.54

1,351,242.79

5,034.25

473

Dollar de Singapour

476.20

472.75

- 3.45

1,565,862

Dollar de Singapour

1,577,288.81

1,565,861.69

- 11,427.12

28

Couronne suédoise

502.47

27.61

- 474.86

620,008

Couronne suédoise

625,034.78

620,007.62

- 5,027.16

164

Franc suisse

- 1,168.11

163.74

1,331.85

1,208,935

Franc suisse

1,209,008.98

1,208,934.88

- 74.10

1,481,570

Dollar des Etats-Unis

1,481,570.02

1,481,570.02

-

TOTAL

7,766,868.38

7,805,599.48

38,731.10

Plus-values

Valeur boursière

Valeur d'achat

moins-values latentes

Actions - Dollar E.-U.

52,887,554.17

60,742,794.48

7,855,240.31

Actions - Autres monnaies

47,696,335.40

49,876,596.44

2,180,261.04

Revenu fixe - dollar E.-U.

13,866,683.05

13,980,658.78

113,975.73

Revenu fixe - Autres monnaies

47,175,479.18

40,846,967.94

(6,328,511.24)

Capitaux à risque

9,909,883.96

16,448,344.77

6,538,460.81

Placements temporaires

7,766,868.38

7,805,599.48

38,731.10

Total général

179,302,804.14

189,700,961.89

10,398,157.75