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| Report |
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| | | Registrant: Intergrated Arros-I — List all N-SARs |
| | | Semi-Annual Report (at mid-year) for the 1st-half period ended: 12/31/01 |
| | | Were there any Answer File errors in the Filing? FoundNone Found by SEC InfoNot Checked by the FilerOne or more Found by SEC Info |
| | | Was the Answer File completed by the Registrant? Yes |
| | | Is this an Amendment to a previous Report? No |
| | | Is this a change to a previous Report? No |
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| Registrant |
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| 1. | | SEC CIK: 775315 |
| | | SEC File #: 811-04392 |
| | | Telephone #: 617-570-4600 |
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| 2. | | Address: P.O. Box 9507 |
| | | Boston, MA 02114 |
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| 3. | | Is this the first Form N-SAR filed by the Registrant? No |
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| 4. | | Is this the final Form N-SAR filed by the Registrant? No |
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| 7. | | Is the Registrant a Funds/Series (multiple portfolios) company? No |
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| Administrator |
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| 10.1 | | Name: Ir Pass-Through Corp. |
| | | Location: Boston, MA |
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| Independent Public Accountant |
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| 13.1 | | Name: Imowitz Koenig & Co., LLP |
| | | Location: New York, NY |
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| Custodian |
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| 15.1 | | Name: Bankers Trust Co. |
| | | Role: Custodian |
| | | Location: New York, NY |
| | | Type of custody: Section 17(f)(1) — Bank |
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| 18. | | Does the Registrant’s/Series’ Custodian(s) maintain some or all of the Registrant’s/Series’ securities in a central depository or book-entry system pursuant to Rule 17f-4? No |
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| Family of Investment Companies |
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| 19. | | Is the Registrant/Series part of a “family” of investment companies? No |
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| Holdings of Securities Issued by Registrant’s/Series’ Brokers or Dealers |
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| 24. | | At period end, did the Registrant/Series hold any securities of the Registrant’s/Series’ regular brokers or dealers, or of the parents of such brokers or dealers, that derive more than 15% of gross revenue from securities-related activities? No |
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| Considerations which Affected the Participation of Brokers or Dealers |
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| 26. | | Considerations which affected the participation of brokers or dealers or other entities in commissions or other compensation paid on portfolio transactions of the Registrant:
Consideration? |
| | | Sales of the Registrant’s/Series’ shares ............................... No |
| | | Receipt of investment research and statistical info .................... No |
| | | Receipt of quotations for portfolio valuations ......................... No |
| | | Ability to execute portfolio transactions to obtain the best price and execution ........................................................ No |
| | | Receipt of telephone line and wire services ............................ No |
| | | Broker or Dealer which is an affiliated person ......................... No |
| | | An arrangement to return or credit part or all of commissions or profits thereon... To an Investment Adviser or Principal Underwriter, or to an affiliated person of either ...................................... No |
| | | To the Registrant .................................................. No |
| | | Other .................................................................. No |
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| Investment Company Type |
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| 27. | | Is the Registrant an “open-end” investment company? No, Closed-End |
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| Advisory Fee |
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| 45. | | Did the Registrant/Series have an advisory contract during the period? No |
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| Classification and Asset Allocation |
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| 61. | | The lowest minimum initial investment required by the Registrant/Series from an investor that is not an employee or otherwise affiliated with the Registrant/Series, its Investment Adviser, Principal Underwriter or other affiliated entity: $0 |
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| 62. | | Does the Registrant/Series invest primarily in debt securities, including convertible debt securities, options & futures on debt securities or indices of debt securities? Yes |
| | | The percentage of net assets in each type at period end:
Debt — Short-Term Maturities U.S. Treasury ............................... 0.0% |
| | | U.S. Government Agency ...................... 0.0 |
| | | Repurchase agreements ....................... 0.0 |
| | | State and Municipal – tax-free .............. 0.0 |
| | | Bank certificates of deposit – domestic ..... 0.0 |
| | | Bank certificates of deposit – foreign ...... 0.0 |
| | | Bankers acceptances ......................... 0.0 |
| | | Commercial paper – taxable .................. 0.0 |
| | | Time deposits ............................... 0.0 |
| | | Options ..................................... 0.0 |
| | | All other ................................... 0.0 |
| | | Debt — Intermediate & Long-Term Maturities U.S. Treasury ............................... 0.0% |
| | | U.S. Government Agency ...................... 0.0 |
| | | State and Municipal – tax-free .............. 0.0 |
| | | Corporate ................................... 0.0 |
| | | All other ................................... 100.0 |
| | | Non-Debt Investments other than debt securities ...... 0.0% |
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| 63. | | The dollar-weighted average portfolio maturity at period end in days or, if longer than one year, in years (to one decimal place): Days: 0 |
| | | Years: 19.6 |
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| 66. | | Is the Registrant/Series a Fund that usually invests in equity securities, options & futures on equity securities, indices of equity securities or securities convertible into equity securities? No |
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| Investment Practices |
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| 70. | | Activities that are permitted by the Registrant’s/Series’ investment policies, and which were engaged in during the period:
Activity Permitted Engaged In |
| | | Writing or investing in repurchase agreements? No – |
| | | Writing or investing in options on equities? No – |
| | | Writing or investing in options on debt securities? No – |
| | | Writing or investing in options on stock indices? No – |
| | | Writing or investing in interest rate futures? No – |
| | | Writing or investing in stock index futures? No – |
| | | Writing or investing in options on futures? No – |
| | | Writing or investing in options on stock index futures? No – |
| | | Writing or investing in other commodity futures? No – |
| | | Investments in restricted securities? No – |
| | | Investments in shares of other investment companies? No – |
| | | Investments in securities of foreign issuers? No – |
| | | Currency exchange transactions? No – |
| | | Loaning portfolio securities? No – |
| | | Borrowing of money? No – |
| | | Purchases/sales by certain exempted affiliated persons? No – |
| | | Margin purchases? No – |
| | | Short selling? No – |
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| Portfolio Turnover |
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| 71. | | Portfolio turnover rate for the period: |
| | | Purchases ($000s): 0 |
| | | Sales ($000s): 0 |
| | | Monthly average Value of portfolio ($000s): 0 |
| | | Percent turnover (lesser of Purchases or Sales, divided by Value): 0% |
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| Financial Info — Income and Expenses |
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| 72. | | The number of months covered by the values in Items 72 and 73: 12 |
| | | Income ($000s) Net interest income .............................................. | – |
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| | | Net dividend income .............................................. | – |
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| | | Account maintenance fees ......................................... | – |
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| | | Net other income ................................................. | 2,162 |
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| | | Expenses ($000s) Advisory fees .................................................... | – |
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| | | Administrator fees ............................................... | – |
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| | | Salaries and other compensation .................................. | – |
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| | | Shareholder Servicing Agent fees ................................. | – |
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| | | Custodian fees ................................................... | – |
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| | | Postage .......................................................... | – |
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| | | Printing expenses ................................................ | – |
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| | | Directors’ fees .................................................. | – |
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| | | Registration fees ................................................ | – |
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| | | Taxes ............................................................ | – |
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| | | Interest ......................................................... | – |
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| | | Bookkeeping fees paid to anyone performing this service .......... | – |
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| | | Auditing fees .................................................... | – |
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| | | Legal fees ....................................................... | – |
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| | | Marketing/distribution payments, incl. Rule 12b-1 plan payments .. | – |
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| | | Amortization of organization expenses ............................ | – |
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| | | Shareholder meeting expenses ..................................... | – |
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| | | Other expenses ................................................... | – |
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| | | Total expenses ................................................... | – |
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| | | Expense reimbursements ($000s): 0 |
| | | Net investment income ($000s): 2,162 |
| | | Realized capital gains ($000s): 0 |
| | | Realized capital losses ($000s): 0 |
| | | Net unrealized appreciation during the period ($000s): 0 |
| | | Net unrealized depreciation during the period ($000s): 0 |
| | | Total income dividends for which the record date passed during the period ($000s): 0 |
| | | Total capital gains distributions for which the record date passed during the period ($000s): 0 |
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| 73. | | Distributions per share for which the record date passed during the period, shown in fractions of a cent, if so declared:
Dividends from net investment income: $0.0000 |
| | | Distribution of capital gains: $0.0000 |
| | | Other distributions: $0.0000 |
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| Financial Info — Condensed Balance Sheet Data |
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| 74. | | Assets ($000s) |
| | | Cash ............................................................. | 267 |
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| | | Repurchase agreements ............................................ | – |
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| | | Short-term debt securities, other than repurchase agreements ..... | – |
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| | | Long-term debt securities, including convertible debt ............ | – |
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| | | Preferred, conv. preferred and adjustable-rate preferred stock ... | – |
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| | | Common stock ..................................................... | – |
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| | | Options on equities .............................................. | – |
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| | | Options on all futures ........................................... | – |
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| | | Other investments ................................................ | 10,488 |
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| | | Receivables from portfolio instruments sold ...................... | – |
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| | | Receivables from affiliated persons .............................. | – |
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| | | Other receivables ................................................ | – |
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| | | All other assets ................................................. | – |
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| | | Total assets ..................................................... | 10,755 |
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| | | Liabilities ($000s) Payables for portfolio instruments purchased ..................... | – |
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| | | Amounts owed to affiliated persons ............................... | – |
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| | | Senior long-term debt ............................................ | – |
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| | | Other liabilities: Reverse repurchase agreements .................................. | – |
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| | | Short sales .................................................... | – |
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| | | Written options ................................................ | – |
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| | | All other liabilities .......................................... | 267 |
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| | | Equity ($000s) Senior equity .................................................... | – |
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| | | Net assets of common shareholders ................................ | – |
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| | | Number of shares outstanding (000s): 0 |
| | | Net Asset Value (NAV) per share (to nearest cent): $3,784.81 |
| | | Total number of shareholder accounts: 109 |
| | | Total value of assets in segregated accounts ($000s): 0 |
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| 75. | | Monthly average net assets during the period ($000s): 10,069 |
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| 76. | | Market price per share at period end: $3,784.81 |
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| Additional Disclosures |
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| 77. | | Did the Registrant file any additional Exhibits with the filing of this Report (listed here and filed either herewith — as one of the ‘EX-99.*’ ↑Exhibits in this Filing — or separately and incorporated by reference)? Yes |
| | | EX-99.77B: Accountant’s Report re: Internal Controls? Yes |
| | | EX-99.77C: Matters Submitted to a Vote of Security Holders? Yes |
| | | EX-99.77D: Policies re: Security Investments? Yes |
| | | EX-99.77Q1: Other Disclosure? Yes |
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| Fidelity Bond in Effect at Fiscal Year End |
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| 83. | | Were any claims with respect to this Registrant/Series filed under the bond during the period? No |
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| 84. | | Were any losses incurred with respect to this Registrant/Series that could have been filed as a claim under the fidelity bond but were not? No |
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| 85. | | Are the Registrant’s/Series’ Officers and Directors covered as Officers and Directors of the Registrant/Series under any errors and omissions insurance policy owned by the Registrant/Series or anyone else? No |
| | | Were any claims filed under such policy during the period with respect to the Registrant/Series? No |
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| Sales, Repurchases and Redemptions |
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| 86. | | Sales, repurchases and redemptions of the Registrant’s securities: |
| | | Common Stock Sales: Number of shares (000s): 0 |
| | | Net consideration received ($000s): 0 |
| | | Repurchases: Number of shares (000s): 0 |
| | | Net consideration paid ($000s): 0 |
| | | Preferred Stock Sales: Number of shares (000s): 0 |
| | | Net consideration received ($000s): 0 |
| | | Repurchases and redemptions: Number of shares (000s): 0 |
| | | Net consideration paid ($000s): 0 |
| | | Debt Securities Sales: Principal amount ($000s): 0 |
| | | Net consideration received ($000s): 0 |
| | | Repurchases and redemptions: Principal amount ($000s): 0 |
| | | Net consideration paid ($000s): 0 |
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| Securities Outstanding |
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| 88. | | Did the Registrant have any of the following outstanding which exceeded 1% of aggregate net assets at any time during the period:
Notes or bonds? No |
| | | Uncovered options? No |
| | | Margin loans? No |
| | | Preferred stock? No |
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Signature | | ↑Top of Form N-SAR |
| | | |
| | | /s/ Dallas E. Lucas |
| | | Name: Dallas E. Lucas |
| | | Title: Vice President |