SEC Info - Marquis Funds - ‘NSAR-B’ for 9/30/95

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Marquis Funds – ‘NSAR-B’ for 9/30/95

As of: Wednesday, 11/22/95 · For: 9/30/95 · Accession #: 908731-95-7 · File #: 811-07830

  As Of               Filer                 Filing    For·On·As Docs:Size

11/22/95  Marquis Funds                     NSAR-B      9/30/95   14:42K

Annual Report by an Investment Company — Form N-SAR — ICA’40
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: NSAR-B      N-SAR (3.0.A)                                         23     94K 
13: EX-99.77B ACCT LTTR  Independent Public Accountant's Report on     1      8K 
                Internal Controls                                                
14: EX-99.77B ACCT LTTR  Independent Public Accountant's Report on     1      8K 
                Internal Controls                                                
 2: EX-27       Financial Data Schedule                                2±     9K 
 3: EX-27       Financial Data Schedule                                2±     9K 
 4: EX-27       Financial Data Schedule                                2±     9K 
 5: EX-27       Financial Data Schedule                                2±     9K 
 6: EX-27       Financial Data Schedule                                2±     9K 
 7: EX-27       Financial Data Schedule                                2±     9K 
 8: EX-27       Financial Data Schedule                                2±     9K 
 9: EX-27       Financial Data Schedule                                2±     9K 
10: EX-27       Financial Data Schedule                                2±     9K 
11: EX-27       Financial Data Schedule                                2±     9K 
12: EX-27       Financial Data Schedule                                2±     9K

‘NSAR-B’ — N-SAR (3.0.A)

SEC Info℠ rendering: Data from the Answer File, which may only contain updates to a prior Form N-SAR

Form N-SAR

Annual Report by an Open-End Investment Company

Report
Registrant: Marquis Funds — List all N-SARs

Annual Report for the 2nd-half period ended at fiscal year end: 9/30/95

Were there any Answer File errors in the Filing? None 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
Registrant
1. SEC CIK: 908731
SEC File #: 811-07830

Telephone #: 800-932-7781
2. Address: 2 Oliver Street
Boston, MA 02109
3. Is this the first Form N-SAR filed by the Registrant? No
4. Is this the final Form N-SAR filed by the Registrant? No
Funds/Series ↑Top of Form N-SAR
7. Is the Registrant a Funds/Series (multiple portfolios) company? Yes

The number of separate Funds/Series (portfolios) at period end: 6
The number of separate Funds/Series (portfolios) reported here: 6...

N-SAR S# Fund/Series — Filings for F/S#… ⇒ Symbols
↓Information Common to All
↓ Series 2: Government Securities Income Fund — N-SARs
↓ Series 4: Growth & Income Fund — N-SARs
↓ Series 6: Instituional Money Market — N-SARs
↓ Series 3: Louisiana Tax Free Income Fund — N-SARs
↓ Series 1: Treasury Securities Money Market Fund — N-SARs
↓ Series 5: Value Equity Fund — N-SARs
Investment Company Type
27. Is the Registrant an “open-end” investment company? Yes, Open-End
Additional Disclosures
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
All Series ↑List of 6 Funds/Series Reported Here

Information Common to All Funds/Series
All: Shareholder Servicing/Transfer Agent
12.1 Name: DST Systems, Inc.
Location: Kansas City, MO
All: Brokerage Commissions Paid on Portfolio Transactions
20. The brokers who received the largest amount of gross brokerage
commissions during the period:
20.1 Broker: Prudenial Securities
IRS #: 22-2347336
Commissions paid ($000s): 59
20.2 Broker: CS First Boston
IRS #: 13-5659485
Commissions paid ($000s): 37
20.3 Broker: Paine Webber
IRS #: 13-2760086
Commissions paid ($000s): 33
20.4 Broker: Donaldson, Lufkin, Jenrette
IRS #: 13-2741729
Commissions paid ($000s): 19
20.5 Broker: Pershing
IRS #: 13-2741729
Commissions paid ($000s): 16
20.6 Broker: Standard & Poors
IRS #: 13-2671951
Commissions paid ($000s): 12
20.7 Broker: Ernst & Co.
IRS #: 13-3732556
Commissions paid ($000s): 8
20.8 Broker: Lynch, Jones, Ryan
IRS #: 13-3356934
Commissions paid ($000s): 6
20.9 Broker: Citation Group
IRS #: 43-1174397
Commissions paid ($000s): 6
20.10 Broker: Interstate/Johnson Lane
IRS #: 56-0276690
Commissions paid ($000s): 5
21. Total brokerage commissions paid by the Registrant during the period:
Aggregate paid ($000s): 228
All: Portfolio Transactions with Entities Acting as Principals
22. The entities acting as principals with whom the Registrant did the
largest amount of portfolio transactions, based on total value of
principal, during the period:
22.1 Entity: Merrill Lynch
IRS #: 13-5674085
Registrant’s purchases ($000s): 3,687,969
Registrant’s sales ($000s): 3,710,376
22.2 Entity: J.P. Morgan
IRS #: 13-3224016
Registrant’s purchases ($000s): 2,633,426
Registrant’s sales ($000s): 2,470,107
22.3 Entity: Lehman Brothers
IRS #: 13-2927667
Registrant’s purchases ($000s): 2,162,366
Registrant’s sales ($000s): 2,171,774
22.4 Entity: UBS Securities
IRS #: 13-2932996
Registrant’s purchases ($000s): 2,118,599
Registrant’s sales ($000s): 2,001,984
22.5 Entity: Fuji Bank
IRS #: 36-2880742
Registrant’s purchases ($000s): 2,071,000
Registrant’s sales ($000s): 2,053,000
22.6 Entity: Hong Kong Shanghai Bank Corp.
IRS #: 13-2650272
Registrant’s purchases ($000s): 1,261,504
Registrant’s sales ($000s): 1,211,000
22.7 Entity: Wachovia Securities
IRS #: 56-1473727
Registrant’s purchases ($000s): 978,000
Registrant’s sales ($000s): 983,000
22.8 Entity: Aubrey Lanston
IRS #: 13-5552129
Registrant’s purchases ($000s): 738,359
Registrant’s sales ($000s): 650,000
22.9 Entity: CS First Boston
IRS #: 13-5659485
Registrant’s purchases ($000s): 576,994
Registrant’s sales ($000s): 595,000
22.10 Entity: Morgan Stanley
IRS #: 13-2655998
Registrant’s purchases ($000s): 265,917
Registrant’s sales ($000s): 277,958
23. Total purchase/sale transactions by the Registrant during the period:
Aggregate purchases ($000s): 17,017,518
Aggregate sales ($000s): 16,639,859
All: Considerations which Affected the Participation of Brokers or Dealers
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 ............................... Yes
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
All: Miscellaneous Info
55. Did the Registrant/Series have any of the following outstanding at any
time during the period which exceeded 1% of aggregate net assets:
Overdrafts? No
Bank loans? No
56. During the period, did the Registrant’s/Series’ Investment Adviser(s)
have advisory clients other than investment companies? No
57. Did the Registrant/Series adjust the number of its shares outstanding by
means of a stock split or stock dividend? No
All: Fidelity Bond in Effect at Fiscal Year End
80. Insurer: Reliance Insurance Co.
2nd Insurer: National Union Fire Insurance Co.

Aggregate face amount of coverage for the Registrant/Series on all bonds
on which it is named as an insured ($000s): 30,000
81. Is the bond part of a joint fidelity bond(s) shared with other
investment companies or other entities? Yes

How many other investment companies or other entities are covered by the
bond (counting each Fund/Series as a separate investment company): 191
82. Does the mandatory coverage of the fidelity bond have a deductible? No
83. Were any claims with respect to this Registrant/Series filed under the
bond during the period? No
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
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
Series 1 ↑Information Common to All Funds/Series ↑List of 6 Funds/Series
7. Name: Treasury Securities Money Market Fund — N-SARs

Is this the final Form N-SAR filed for this Fund/Series? No
S 1: Sales and Repurchases
28. Monthly total Net Asset Value (NAV) of sales and repurchases of the
Registrant’s/Series’ shares:
1st Month of period: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................ 78,699
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 96,344
2nd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 98,506
Reinvestment of dividends and distributions ................ 708
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 72,023
3rd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 207,133
Reinvestment of dividends and distributions ................ 723
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 64,599
4th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 115,307
Reinvestment of dividends and distributions ................ 736
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 135,455
5th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 162,039
Reinvestment of dividends and distributions ................ 798
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 145,960
6th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 104,165
Reinvestment of dividends and distributions ................ 838
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 104,278

Total of all months: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................ 765,849
Reinvestment of dividends and distributions ................ 3,803
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 618,659

Total NAV of the Registrant’s/Series’ share sales during the period
subject to a sales load ($000s): 0
S 1: Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance)
31. Net amount retained by the Registrant’s/Series’ Principal Underwriter or
by any underwriter or dealer which is an affiliated person of the
Principal Underwriter thereof from front-end sales loads collected from
sales of the Registrant’s/Series’ shares during the period ($000s): 0

Amount by which payout by the Registrant’s/Series’ Principal Underwriter
or by any underwriter which is an affiliated person of the Principal
Underwriter thereof to persons or entities selling the
Registrant’s/Series’ shares exceeded that reported in Item 30 ($000s): 0
32. Amount the Registrant’s/Series’ Principal Underwriter and any
underwriters or dealers which are affiliated persons of the Principal
Underwriter paid to dealers which are not affiliated persons of the
Principal Underwriter for selling the Registrant’s/Series’ shares that
were sold with a front-end sales load during the period ($000s): 0
33. Amount paid to a captive retail sales force of the Registrant’s/Series’
Principal Underwriter or of any underwriter or dealer which is an
affiliated person of the Principal Underwriter for selling the
Registrant’s shares that were sold with a front-end sales load during
the period ($000s): 0
34. Did the Registrant/Series impose a deferred or contingent deferred sales
load during the period? No
37. Did the Registrant/Series impose a redemption fee other than a deferred
or contingent sales load during the period? No
39. Were any account maintenance fees or other administrative fees imposed
directly on shareholders during the period? No
S 1: Payment Plan for the Distribution of Fund Shares
40. During the period, did the Registrant/Series have a plan of distribution
adopted pursuant to Rule 12b-1? Yes
41. During the period, did the Registrant/Series use its assets directly to
make payments under the 12b-1 plan? Yes
42. For the period, the percentage of total dollars paid directly by the
Registrant/Series under the 12b-1 plan for each of the following:

The percentage of net assets in each type at period end:

Debt — Short-Term Maturities
U.S. Treasury ............................... 26.9%
U.S. Government Agency ...................... 0.0
Repurchase agreements ....................... 73.4
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 ................................... 0.0

Non-Debt
Investments other than debt securities ...... 0.0%
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: 30
Years: 0.0
64. Is the timely payment of principal and interest on any of the
instruments listed in Item 62 insured or guaranteed by an entity other
than the issuer? No

Is the issuer of any instrument covered in Item 62 delinquent or in
default as to payment of principal or interest at period end? No
S 1: Portfolio Turnover
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%
S 1: Financial Info — Income and Expenses
72. The number of months covered by the values in Items 72 and 73: 12

Income ($000s)
Net interest income .............................................. 37,163
Net dividend income .............................................. –
Account maintenance fees ......................................... –
Net other income ................................................. –

Expenses ($000s)
Advisory fees .................................................... 1,939
Administrator fees ............................................... 1,293
Salaries and other compensation .................................. –
Shareholder Servicing Agent fees ................................. 67
Custodian fees ................................................... 95
Postage .......................................................... –
Printing expenses ................................................ 60
Directors’ fees .................................................. 13
Registration fees ................................................ 128
Taxes ............................................................ –
Interest ......................................................... –
Bookkeeping fees paid to anyone performing this service .......... –
Auditing fees .................................................... 33
Legal fees ....................................................... 38
Marketing/distribution payments, incl. Rule 12b-1 plan payments .. 463
Amortization of organization expenses ............................ 18
Shareholder meeting expenses ..................................... –
Other expenses ................................................... 28
Total expenses ................................................... 4,175

Expense reimbursements ($000s): 614

Net investment income ($000s): 33,602

Realized capital gains ($000s): 14
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
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: $0.0500
Dividends for a second class of shares: $0.0500

Distribution of capital gains: $0.0000
Other distributions: $0.0000
S 1: Financial Info — Condensed Balance Sheet Data
74. Assets ($000s)
Cash ............................................................. –
Repurchase agreements ............................................ 590,230
Short-term debt securities, other than repurchase agreements ..... 216,448
Long-term debt securities, including convertible debt ............ –
Preferred, conv. preferred and adjustable-rate preferred stock ... –
Common stock ..................................................... –
Options on equities .............................................. –
Options on all futures ........................................... –
Other investments ................................................ –
Receivables from portfolio instruments sold ...................... –
Receivables from affiliated persons .............................. –
Other receivables ................................................ 330
All other assets ................................................. 167
Total assets ..................................................... 807,175

Liabilities ($000s)
Payables for portfolio instruments purchased ..................... –
Amounts owed to affiliated persons ............................... –
Senior long-term debt ............................................ –
Other liabilities:
Reverse repurchase agreements .................................. –
Short sales .................................................... –
Written options ................................................ –
All other liabilities .......................................... 3,158

Equity ($000s)
Senior equity .................................................... –
Net assets of common shareholders ................................ 804,017

Number of shares outstanding (000s): 521,260
Number of shares outstanding of a second class of shares (000s): 282,744

Net Asset Value (NAV) per share (to nearest cent): $1.00
NAV per share of a second class of shares (to nearest cent): $1.00
Mark-to-market NAV per share: $1.0000

Total number of shareholder accounts: 257

Total value of assets in segregated accounts ($000s): 0
75. Daily average net assets during the period ($000s): 646,524
Series 2 ↑Information Common to All Funds/Series ↑List of 6 Funds/Series
7. Name: Government Securities Income Fund — N-SARs

Is this the final Form N-SAR filed for this Fund/Series? No
S 2: Sales and Repurchases
28. Monthly total Net Asset Value (NAV) of sales and repurchases of the
Registrant’s/Series’ shares:
1st Month of period: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................ 3,774
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 4,925
2nd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 928
Reinvestment of dividends and distributions ................ 246
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 1,523
3rd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 1,254
Reinvestment of dividends and distributions ................ 288
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 1,022
4th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 3,365
Reinvestment of dividends and distributions ................ 256
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 2,110
5th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 2,907
Reinvestment of dividends and distributions ................ 262
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 2,096
6th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 15,574
Reinvestment of dividends and distributions ................ 280
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 1,199

Total of all months: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................ 27,802
Reinvestment of dividends and distributions ................ 1,332
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 12,875

Total NAV of the Registrant’s/Series’ share sales during the period
subject to a sales load ($000s): 27,802
S 2: Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance)
34. Did the Registrant/Series impose a deferred or contingent deferred sales
load during the period? Yes
35. Total deferred or contingent deferred sales loads collected during the
period from redemptions and repurchases of the Registrant’s/Series’
shares ($000s): 10
36. Did the Registrant/Series retain all monies collected from the deferred
or contingent deferred sales loads during the period? Yes
37. Did the Registrant/Series impose a redemption fee other than a deferred
or contingent sales load during the period? No
39. Were any account maintenance fees or other administrative fees imposed
directly on shareholders during the period? No
S 2: Payment Plan for the Distribution of Fund Shares
40. During the period, did the Registrant/Series have a plan of distribution
adopted pursuant to Rule 12b-1? Yes
41. During the period, did the Registrant/Series use its assets directly to
make payments under the 12b-1 plan? Yes
S 2: Classification and Asset Allocation
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 ....................... 2.8
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 ................................... 2.5

Debt — Intermediate & Long-Term Maturities
U.S. Treasury ............................... 46.6%
U.S. Government Agency ...................... 43.5
State and Municipal – tax-free .............. 0.0
Corporate ................................... 3.6
All other ................................... 0.0

Non-Debt
Investments other than debt securities ...... 0.0%
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: 4.9
64. Is the timely payment of principal and interest on any of the
instruments listed in Item 62 insured or guaranteed by an entity other
than the issuer? No

Is the issuer of any instrument covered in Item 62 delinquent or in
default as to payment of principal or interest at period end? No
S 2: Portfolio Turnover
71. Portfolio turnover rate for the period:
Purchases ($000s): 11,004
Sales ($000s): 18,331

Monthly average Value of portfolio ($000s): 105,777

Percent turnover (lesser of Purchases or Sales, divided by Value): 10%
S 2: Financial Info — Income and Expenses
72. The number of months covered by the values in Items 72 and 73: 12

Income ($000s)
Net interest income .............................................. 6,692
Net dividend income .............................................. –
Account maintenance fees ......................................... –
Net other income ................................................. –

Expenses ($000s)
Advisory fees .................................................... 582
Administrator fees ............................................... 212
Salaries and other compensation .................................. –
Shareholder Servicing Agent fees ................................. 35
Custodian fees ................................................... 16
Postage .......................................................... –
Printing expenses ................................................ 10
Directors’ fees .................................................. 3
Registration fees ................................................ 8
Taxes ............................................................ –
Interest ......................................................... –
Bookkeeping fees paid to anyone performing this service .......... –
Auditing fees .................................................... 6
Legal fees ....................................................... 8
Marketing/distribution payments, incl. Rule 12b-1 plan payments .. 1
Amortization of organization expenses ............................ 4
Shareholder meeting expenses ..................................... –
Other expenses ................................................... 6
Total expenses ................................................... 891

Expense reimbursements ($000s): 149

Net investment income ($000s): 5,950

Realized capital gains ($000s): 0
Realized capital losses ($000s): 381

Net unrealized appreciation during the period ($000s): 5,498
Net unrealized depreciation during the period ($000s): 0

Total income dividends for which the record date passed during the
period ($000s): 0

Dividends from net investment income: $0.5400
Dividends for a second class of shares: $0.4600

Distribution of capital gains: $0.0000
Other distributions: $0.0000
S 2: Financial Info — Condensed Balance Sheet Data
74. Assets ($000s)
Cash ............................................................. –
Repurchase agreements ............................................ 3,506
Short-term debt securities, other than repurchase agreements ..... 3,139
Long-term debt securities, including convertible debt ............ 116,718
Preferred, conv. preferred and adjustable-rate preferred stock ... –
Common stock ..................................................... –
Options on equities .............................................. –
Options on all futures ........................................... –
Other investments ................................................ –
Receivables from portfolio instruments sold ...................... 74
Receivables from affiliated persons .............................. –
Other receivables ................................................ 1,396
All other assets ................................................. 46
Total assets ..................................................... 124,879

Equity ($000s)
Senior equity .................................................... –
Net assets of common shareholders ................................ 124,648

Number of shares outstanding (000s): 12,609
Number of shares outstanding of a second class of shares (000s): 25

Net Asset Value (NAV) per share (to nearest cent): $9.87
NAV per share of a second class of shares (to nearest cent): $9.92

Total number of shareholder accounts: 296

Total value of assets in segregated accounts ($000s): 0
75. Monthly average net assets during the period ($000s): 105,777
Series 3 ↑Information Common to All Funds/Series ↑List of 6 Funds/Series
7. Name: Louisiana Tax Free Income Fund — N-SARs

Is this the final Form N-SAR filed for this Fund/Series? No
S 3: Sales and Repurchases
28. Monthly total Net Asset Value (NAV) of sales and repurchases of the
Registrant’s/Series’ shares:
1st Month of period: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................ 1,183
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 62
2nd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 2,437
Reinvestment of dividends and distributions ................ 6
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 146
3rd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 615
Reinvestment of dividends and distributions ................ 12
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 37
4th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 455
Reinvestment of dividends and distributions ................ 13
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 905
5th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 85
Reinvestment of dividends and distributions ................ 14
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 241
6th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 634
Reinvestment of dividends and distributions ................ 14
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 382

Total of all months: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................ 5,409
Reinvestment of dividends and distributions ................ 59
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 1,773

Total NAV of the Registrant’s/Series’ share sales during the period
subject to a sales load ($000s): 5,409
S 3: Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance)
29. Was a front-end sales load deducted from any share sales during the
period? Yes
30. Total front-end sales loads collected from sales (including exchanges)
by Principal Underwriter or by any underwriter which is an affiliated
person of the Principal Underwriter, of the Registrant’s/Series’ shares
during the period ($000s): 8

The maximum sales load rate in effect at period end as a percentage of
the offering price: 3.5%
The minimum sales load rate in effect at period end as a percentage of
the offering price: 0.0%
31. Net amount retained by the Registrant’s/Series’ Principal Underwriter or
by any underwriter or dealer which is an affiliated person of the
Principal Underwriter thereof from front-end sales loads collected from
sales of the Registrant’s/Series’ shares during the period ($000s): 8

Amount by which payout by the Registrant’s/Series’ Principal Underwriter
or by any underwriter which is an affiliated person of the Principal
Underwriter thereof to persons or entities selling the
Registrant’s/Series’ shares exceeded that reported in Item 30 ($000s): 0
32. Amount the Registrant’s/Series’ Principal Underwriter and any
underwriters or dealers which are affiliated persons of the Principal
Underwriter paid to dealers which are not affiliated persons of the
Principal Underwriter for selling the Registrant’s/Series’ shares that
were sold with a front-end sales load during the period ($000s): 0
33. Amount paid to a captive retail sales force of the Registrant’s/Series’
Principal Underwriter or of any underwriter or dealer which is an
affiliated person of the Principal Underwriter for selling the
Registrant’s shares that were sold with a front-end sales load during
the period ($000s): 0
34. Did the Registrant/Series impose a deferred or contingent deferred sales
load during the period? Yes
35. Total deferred or contingent deferred sales loads collected during the
period from redemptions and repurchases of the Registrant’s/Series’
shares ($000s): 1
36. Did the Registrant/Series retain all monies collected from the deferred
or contingent deferred sales loads during the period? Yes
37. Did the Registrant/Series impose a redemption fee other than a deferred
or contingent sales load during the period? No
39. Were any account maintenance fees or other administrative fees imposed
directly on shareholders during the period? No
S 3: Payment Plan for the Distribution of Fund Shares
40. During the period, did the Registrant/Series have a plan of distribution
adopted pursuant to Rule 12b-1? Yes
41. During the period, did the Registrant/Series use its assets directly to
make payments under the 12b-1 plan? Yes
42. For the period, the percentage of total dollars paid directly by the
Registrant/Series under the 12b-1 plan for each of the following:

Percentage of Total Amount Paid (%)
Advertising ............................................................ –
Printing & mailing of prospectuses to other than current shareholders .. –
Payments to underwriters ............................................... –
Payments to brokers or dealers ......................................... 100
Direct payments to sales personnel ..................................... –
Payments to banks and savings & loans .................................. –
Other uses, including payments to its Investment Adviser separate
from the advisory fee ................................................ –
Unallocated payments made for a combination of such services ........... –
43. Total amount paid directly by the Registrant/Series pursuant to its
12b-1 plan ($000s): 4
44. If an Investment Adviser or other affiliated person of the
Registrant/Series made unreimbursed payments pursuant to the 12b-1 plan,
the total amount of such payments ($000s): 0
S 3: Classification and Asset Allocation
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 ................................... 5.6

Debt — Intermediate & Long-Term Maturities
U.S. Treasury ............................... 0.0%
U.S. Government Agency ...................... 0.0
State and Municipal – tax-free .............. 95.1
Corporate ................................... 0.0
All other ................................... 0.0

Non-Debt
Investments other than debt securities ...... 0.0%
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: 9.6
64. Is the timely payment of principal and interest on any of the
instruments listed in Item 62 insured or guaranteed by an entity other
than the issuer? Yes

Is the issuer of any instrument covered in Item 62 delinquent or in
default as to payment of principal or interest at period end? No
S 3: Portfolio Turnover
71. Portfolio turnover rate for the period:
Purchases ($000s): 4,644
Sales ($000s): 203

Monthly average Value of portfolio ($000s): 9,551

Percent turnover (lesser of Purchases or Sales, divided by Value): 2%
S 3: Financial Info — Income and Expenses
72. The number of months covered by the values in Items 72 and 73: 12

Income ($000s)
Net interest income .............................................. 493
Net dividend income .............................................. –
Account maintenance fees ......................................... –
Net other income ................................................. –

Expenses ($000s)
Advisory fees .................................................... 33
Administrator fees ............................................... 19
Salaries and other compensation .................................. –
Shareholder Servicing Agent fees ................................. 31
Custodian fees ................................................... 2
Postage .......................................................... –
Printing expenses ................................................ 1
Directors’ fees .................................................. 1
Registration fees ................................................ 2
Taxes ............................................................ –
Interest ......................................................... –
Bookkeeping fees paid to anyone performing this service .......... –
Auditing fees .................................................... 1
Legal fees ....................................................... –
Marketing/distribution payments, incl. Rule 12b-1 plan payments .. 4
Amortization of organization expenses ............................ –
Shareholder meeting expenses ..................................... –
Other expenses ................................................... 1
Total expenses ................................................... 95

Expense reimbursements ($000s): 29

Net investment income ($000s): 427

Realized capital gains ($000s): 0
Realized capital losses ($000s): 2

Net unrealized appreciation during the period ($000s): 410
Net unrealized depreciation during the period ($000s): 0

Total income dividends for which the record date passed during the
period ($000s): 0

Dividends from net investment income: $0.4200
Dividends for a second class of shares: $0.3500

Distribution of capital gains: $0.0000
Other distributions: $0.0000
S 3: Financial Info — Condensed Balance Sheet Data
74. Assets ($000s)
Cash ............................................................. –
Repurchase agreements ............................................ –
Short-term debt securities, other than repurchase agreements ..... 689
Long-term debt securities, including convertible debt ............ 11,665
Preferred, conv. preferred and adjustable-rate preferred stock ... –
Common stock ..................................................... –
Options on equities .............................................. –
Options on all futures ........................................... –
Other investments ................................................ –
Receivables from portfolio instruments sold ...................... –
Receivables from affiliated persons .............................. –
Other receivables ................................................ 220
All other assets ................................................. 27
Total assets ..................................................... 12,601

Liabilities ($000s)
Payables for portfolio instruments purchased ..................... 247
Amounts owed to affiliated persons ............................... –
Senior long-term debt ............................................ –
Other liabilities:
Reverse repurchase agreements .................................. –
Short sales .................................................... –
Written options ................................................ –
All other liabilities .......................................... 82

Equity ($000s)
Senior equity .................................................... –
Net assets of common shareholders ................................ 12,272

Number of shares outstanding (000s): 1,196
Number of shares outstanding of a second class of shares (000s): 58

Net Asset Value (NAV) per share (to nearest cent): $9.79
NAV per share of a second class of shares (to nearest cent): $9.79

Total number of shareholder accounts: 448

Total value of assets in segregated accounts ($000s): 0
75. Monthly average net assets during the period ($000s): 9,551
Series 4 ↑Information Common to All Funds/Series ↑List of 6 Funds/Series
7. Name: Growth & Income Fund — N-SARs

Is this the final Form N-SAR filed for this Fund/Series? No
S 4: Sales and Repurchases
28. Monthly total Net Asset Value (NAV) of sales and repurchases of the
Registrant’s/Series’ shares:
1st Month of period: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................ 4,161
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 942
2nd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 531
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 298
3rd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 410
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 130
4th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 1,242
Reinvestment of dividends and distributions ................ 701
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 994
5th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 938
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 811
6th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 695
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 343

Total of all months: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................ 7,977
Reinvestment of dividends and distributions ................ 701
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 3,518

Total NAV of the Registrant’s/Series’ share sales during the period
subject to a sales load ($000s): 7,977
S 4: Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance)
29. Was a front-end sales load deducted from any share sales during the
period? Yes
30. Total front-end sales loads collected from sales (including exchanges)
by Principal Underwriter or by any underwriter which is an affiliated
person of the Principal Underwriter, of the Registrant’s/Series’ shares
during the period ($000s): 5

Amount by which payout by the Registrant’s/Series’ Principal Underwriter
or by any underwriter which is an affiliated person of the Principal
Underwriter thereof to persons or entities selling the
Registrant’s/Series’ shares exceeded that reported in Item 30 ($000s): 0
32. Amount the Registrant’s/Series’ Principal Underwriter and any
underwriters or dealers which are affiliated persons of the Principal
Underwriter paid to dealers which are not affiliated persons of the
Principal Underwriter for selling the Registrant’s/Series’ shares that
were sold with a front-end sales load during the period ($000s): 0
33. Amount paid to a captive retail sales force of the Registrant’s/Series’
Principal Underwriter or of any underwriter or dealer which is an
affiliated person of the Principal Underwriter for selling the
Registrant’s shares that were sold with a front-end sales load during
the period ($000s): 0
34. Did the Registrant/Series impose a deferred or contingent deferred sales
load during the period? Yes
35. Total deferred or contingent deferred sales loads collected during the
period from redemptions and repurchases of the Registrant’s/Series’
shares ($000s): 0
36. Did the Registrant/Series retain all monies collected from the deferred
or contingent deferred sales loads during the period? Yes
37. Did the Registrant/Series impose a redemption fee other than a deferred
or contingent sales load during the period? No
39. Were any account maintenance fees or other administrative fees imposed
directly on shareholders during the period? No
S 4: Payment Plan for the Distribution of Fund Shares
40. During the period, did the Registrant/Series have a plan of distribution
adopted pursuant to Rule 12b-1? Yes
41. During the period, did the Registrant/Series use its assets directly to
make payments under the 12b-1 plan? Yes
42. For the period, the percentage of total dollars paid directly by the
Registrant/Series under the 12b-1 plan for each of the following:

Percentage of Total Amount Paid (%)
Advertising ............................................................ –
Printing & mailing of prospectuses to other than current shareholders .. –
Payments to underwriters ............................................... –
Payments to brokers or dealers ......................................... 100
Direct payments to sales personnel ..................................... –
Payments to banks and savings & loans .................................. –
Other uses, including payments to its Investment Adviser separate
from the advisory fee ................................................ –
Unallocated payments made for a combination of such services ........... –
43. Total amount paid directly by the Registrant/Series pursuant to its
12b-1 plan ($000s): 7
44. If an Investment Adviser or other affiliated person of the
Registrant/Series made unreimbursed payments pursuant to the 12b-1 plan,
the total amount of such payments ($000s): 0
S 4: Classification and Asset Allocation
62. Does the Registrant/Series invest primarily in debt securities,
including convertible debt securities, options & futures on debt
securities or indices of debt securities? No
S 4: Portfolio Turnover
71. Portfolio turnover rate for the period:
Purchases ($000s): 47,079
Sales ($000s): 38,065

Monthly average Value of portfolio ($000s): 77,381

Percent turnover (lesser of Purchases or Sales, divided by Value): 49%
S 4: Financial Info — Income and Expenses
72. The number of months covered by the values in Items 72 and 73: 12

Income ($000s)
Net interest income .............................................. 2,332
Net dividend income .............................................. 1,190
Account maintenance fees ......................................... –
Net other income ................................................. –

Expenses ($000s)
Advisory fees .................................................... 573
Administrator fees ............................................... 155
Salaries and other compensation .................................. –
Shareholder Servicing Agent fees ................................. 35
Custodian fees ................................................... 12
Postage .......................................................... –
Printing expenses ................................................ 7
Directors’ fees .................................................. 3
Registration fees ................................................ 2
Taxes ............................................................ –
Interest ......................................................... –
Bookkeeping fees paid to anyone performing this service .......... –
Auditing fees .................................................... 4
Legal fees ....................................................... 5
Marketing/distribution payments, incl. Rule 12b-1 plan payments .. 7
Amortization of organization expenses ............................ 2
Shareholder meeting expenses ..................................... –
Other expenses ................................................... 4
Total expenses ................................................... 809

Expense reimbursements ($000s): 144

Net investment income ($000s): 2,857

Realized capital gains ($000s): 1,310
Realized capital losses ($000s): 0

Net unrealized appreciation during the period ($000s): 8,750
Net unrealized depreciation during the period ($000s): 0

Total income dividends for which the record date passed during the
period ($000s): 0

Dividends from net investment income: $0.3700
Dividends for a second class of shares: $0.3000

Distribution of capital gains: $0.0000
Other distributions: $0.0000
S 4: Financial Info — Condensed Balance Sheet Data
74. Assets ($000s)
Cash ............................................................. –
Repurchase agreements ............................................ 3,627
Short-term debt securities, other than repurchase agreements ..... 433
Long-term debt securities, including convertible debt ............ 37,489
Preferred, conv. preferred and adjustable-rate preferred stock ... –
Common stock ..................................................... 46,126
Options on equities .............................................. –
Options on all futures ........................................... –
Other investments ................................................ –
Receivables from portfolio instruments sold ...................... 24
Receivables from affiliated persons .............................. –
Other receivables ................................................ 603
All other assets ................................................. 38
Total assets ..................................................... 88,340

Equity ($000s)
Senior equity .................................................... –
Net assets of common shareholders ................................ 88,213

Number of shares outstanding (000s): 8,013
Number of shares outstanding of a second class of shares (000s): 104

Net Asset Value (NAV) per share (to nearest cent): $10.87
NAV per share of a second class of shares (to nearest cent): $10.93

Total number of shareholder accounts: 444

Total value of assets in segregated accounts ($000s): 0
75. Monthly average net assets during the period ($000s): 77,381
Series 5 ↑Information Common to All Funds/Series ↑List of 6 Funds/Series
7. Name: Value Equity Fund — N-SARs

Is this the final Form N-SAR filed for this Fund/Series? No
S 5: Sales and Repurchases
28. Monthly total Net Asset Value (NAV) of sales and repurchases of the
Registrant’s/Series’ shares:
1st Month of period: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................ 1,142
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 6,296
2nd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 1,026
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 829
3rd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 984
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 348
4th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 1,938
Reinvestment of dividends and distributions ................ 158
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 1,203
5th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 1,984
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 1,084
6th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 1,846
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 393

Total of all months: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................ 8,920
Reinvestment of dividends and distributions ................ 158
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 10,153

Total NAV of the Registrant’s/Series’ share sales during the period
subject to a sales load ($000s): 8,920
S 5: Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance)
29. Was a front-end sales load deducted from any share sales during the
period? Yes
30. Total front-end sales loads collected from sales (including exchanges)
by Principal Underwriter or by any underwriter which is an affiliated
person of the Principal Underwriter, of the Registrant’s/Series’ shares
during the period ($000s): 29

Amount by which payout by the Registrant’s/Series’ Principal Underwriter
or by any underwriter which is an affiliated person of the Principal
Underwriter thereof to persons or entities selling the
Registrant’s/Series’ shares exceeded that reported in Item 30 ($000s): 0
32. Amount the Registrant’s/Series’ Principal Underwriter and any
underwriters or dealers which are affiliated persons of the Principal
Underwriter paid to dealers which are not affiliated persons of the
Principal Underwriter for selling the Registrant’s/Series’ shares that
were sold with a front-end sales load during the period ($000s): 0
33. Amount paid to a captive retail sales force of the Registrant’s/Series’
Principal Underwriter or of any underwriter or dealer which is an
affiliated person of the Principal Underwriter for selling the
Registrant’s shares that were sold with a front-end sales load during
the period ($000s): 0
34. Did the Registrant/Series impose a deferred or contingent deferred sales
load during the period? Yes
35. Total deferred or contingent deferred sales loads collected during the
period from redemptions and repurchases of the Registrant’s/Series’
shares ($000s): 13
36. Did the Registrant/Series retain all monies collected from the deferred
or contingent deferred sales loads during the period? Yes
37. Did the Registrant/Series impose a redemption fee other than a deferred
or contingent sales load during the period? No
39. Were any account maintenance fees or other administrative fees imposed
directly on shareholders during the period? No
S 5: Payment Plan for the Distribution of Fund Shares
40. During the period, did the Registrant/Series have a plan of distribution
adopted pursuant to Rule 12b-1? Yes
41. During the period, did the Registrant/Series use its assets directly to
make payments under the 12b-1 plan? Yes
42. For the period, the percentage of total dollars paid directly by the
Registrant/Series under the 12b-1 plan for each of the following:

Percentage of Total Amount Paid (%)
Advertising ............................................................ –
Printing & mailing of prospectuses to other than current shareholders .. –
Payments to underwriters ............................................... –
Payments to brokers or dealers ......................................... 100
Direct payments to sales personnel ..................................... –
Payments to banks and savings & loans .................................. –
Other uses, including payments to its Investment Adviser separate
from the advisory fee ................................................ –
Unallocated payments made for a combination of such services ........... –
43. Total amount paid directly by the Registrant/Series pursuant to its
12b-1 plan ($000s): 5
44. If an Investment Adviser or other affiliated person of the
Registrant/Series made unreimbursed payments pursuant to the 12b-1 plan,
the total amount of such payments ($000s): 0
S 5: Classification and Asset Allocation
62. Does the Registrant/Series invest primarily in debt securities,
including convertible debt securities, options & futures on debt
securities or indices of debt securities? No
S 5: Portfolio Turnover
71. Portfolio turnover rate for the period:
Purchases ($000s): 54,156
Sales ($000s): 47,478

Monthly average Value of portfolio ($000s): 49,754

Percent turnover (lesser of Purchases or Sales, divided by Value): 95%
S 5: Financial Info — Income and Expenses
72. The number of months covered by the values in Items 72 and 73: 12

Income ($000s)
Net interest income .............................................. 68
Net dividend income .............................................. 1,571
Account maintenance fees ......................................... –
Net other income ................................................. –

Expenses ($000s)
Advisory fees .................................................... 368
Administrator fees ............................................... 100
Salaries and other compensation .................................. –
Shareholder Servicing Agent fees ................................. 37
Custodian fees ................................................... 7
Postage .......................................................... –
Printing expenses ................................................ 6
Directors’ fees .................................................. 1
Registration fees ................................................ 3
Taxes ............................................................ –
Interest ......................................................... –
Bookkeeping fees paid to anyone performing this service .......... –
Auditing fees .................................................... 3
Legal fees ....................................................... 3
Marketing/distribution payments, incl. Rule 12b-1 plan payments .. 5
Amortization of organization expenses ............................ 1
Shareholder meeting expenses ..................................... –
Other expenses ................................................... 3
Total expenses ................................................... 537

Expense reimbursements ($000s): 84

Net investment income ($000s): 1,186

Realized capital gains ($000s): 1,816
Realized capital losses ($000s): 0

Net unrealized appreciation during the period ($000s): 8,754
Net unrealized depreciation during the period ($000s): 0

Total income dividends for which the record date passed during the
period ($000s): 0

Dividends from net investment income: $0.2400
Dividends for a second class of shares: $0.1500

Distribution of capital gains: $0.0000
Other distributions: $0.0000
S 5: Financial Info — Condensed Balance Sheet Data
74. Assets ($000s)
Cash ............................................................. 4
Repurchase agreements ............................................ 340
Short-term debt securities, other than repurchase agreements ..... 3,541
Long-term debt securities, including convertible debt ............ –
Preferred, conv. preferred and adjustable-rate preferred stock ... –
Common stock ..................................................... 56,230
Options on equities .............................................. –
Options on all futures ........................................... –
Other investments ................................................ –
Receivables from portfolio instruments sold ...................... –
Receivables from affiliated persons .............................. –
Other receivables ................................................ 152
All other assets ................................................. 24
Total assets ..................................................... 60,291

Equity ($000s)
Senior equity .................................................... –
Net assets of common shareholders ................................ 60,142

Number of shares outstanding (000s): 4,982
Number of shares outstanding of a second class of shares (000s): 109

Net Asset Value (NAV) per share (to nearest cent): $11.81
NAV per share of a second class of shares (to nearest cent): $11.86

Total number of shareholder accounts: 531

Total value of assets in segregated accounts ($000s): 0
75. Monthly average net assets during the period ($000s): 49,754
Series 6 ↑Information Common to All Funds/Series ↑List of 6 Funds/Series
7. Name: Instituional Money Market — N-SARs

Is this the final Form N-SAR filed for this Fund/Series? No
S 6: Sales and Repurchases
28. Monthly total Net Asset Value (NAV) of sales and repurchases of the
Registrant’s/Series’ shares:
1st Month of period: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................ –
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. –
2nd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ –
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. –
3rd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ –
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. –
4th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ –
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. –
5th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 36,275
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 8,477
6th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 8,157
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 4,640

Total of all months: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................ 44,432
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 13,117

Total NAV of the Registrant’s/Series’ share sales during the period
subject to a sales load ($000s): 0
S 6: Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance)
29. Was a front-end sales load deducted from any share sales during the
period? No
34. Did the Registrant/Series impose a deferred or contingent deferred sales
load during the period? No
37. Did the Registrant/Series impose a redemption fee other than a deferred
or contingent sales load during the period? No
39. Were any account maintenance fees or other administrative fees imposed
directly on shareholders during the period? No
S 6: Payment Plan for the Distribution of Fund Shares
40. During the period, did the Registrant/Series have a plan of distribution
adopted pursuant to Rule 12b-1? No
S 6: Advisory Fee
45. Did the Registrant/Series have an advisory contract during the period? Yes
46. Did the Registrant/Series pay more than one Investment Adviser directly
for investment advice during the period? No
47. Was the Registrant’s/Series’ advisory fee based solely on a percentage
of its assets? Yes
48. Fee (single rate or step rates) applied to the Registrant’s/Series’
assets based on the advisory contract:
Single-fee rate: 0.15%
Step-fee rates:
For 1st $000s: 0
Annual rate: 0.0%
49. Was the Registrant’s/Series’ advisory fee during the period based solely
on a percentage of its income? No
50. Was the Registrant’s/Series’ advisory fee during the period based on
some combined percentage of its income and assets? No
51. Was the Registrant’s/Series’ advisory fee during the period based in
whole or in part on its investment performance? No
52. Was the Registrant’s/Series’ advisory fee during the period based in
whole or in part on the assets, income or performance of other
Registrants? No
53. Were the expenses of the Registrant/Series limited or reduced at any
time during the period by some agreement or understanding other than by
Blue Sky Laws? Yes

Was the limitation that applied during the period based on...
Assets? Yes
Income? No
S 6: Classification and Asset Allocation
58. Is the Registrant/Series a Separate Account of an insurance company? No
59. Is the Registrant/Series a management investment company? Yes
60. Was the Registrant/Series a diversified investment company at any time
during the period? No

Was the Registrant/Series a diversified investment company at the end of
the period? No
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: $10,000,000
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 ............................... 20.4%
U.S. Government Agency ...................... 0.0
Repurchase agreements ....................... 80.1
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

Non-Debt
Investments other than debt securities ...... 0.0%
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: 26
Years: 0.0
64. Is the timely payment of principal and interest on any of the
instruments listed in Item 62 insured or guaranteed by an entity other
than the issuer? No

Is the issuer of any instrument covered in Item 62 delinquent or in
default as to payment of principal or interest at period end? No
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
67. Is the Registrant/Series a “balanced” Fund? No
68. Does the Registrant/Series have more than 50% of its net assets at
period end invested in the securities of issuers...
Engaged primarily in production or distribution of precious metals? No
Located primarily in countries other than the United States? No
69. Is the Registrant/Series an index Fund? No
S 6: Investment Practices
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? Yes to both
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? Yes No
Borrowing of money? No –
Purchases/sales by certain exempted affiliated persons? No –
Margin purchases? No –
Short selling? No –
S 6: Portfolio Turnover
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%
S 6: Financial Info — Income and Expenses
72. The number of months covered by the values in Items 72 and 73: 3

Income ($000s)
Net interest income .............................................. 230
Net dividend income .............................................. –
Account maintenance fees ......................................... –
Net other income ................................................. –

Expenses ($000s)
Advisory fees .................................................... 6
Administrator fees ............................................... 4
Salaries and other compensation .................................. –
Shareholder Servicing Agent fees ................................. 2
Custodian fees ................................................... –
Postage .......................................................... –
Printing expenses ................................................ –
Directors’ fees .................................................. –
Registration fees ................................................ 11
Taxes ............................................................ –
Interest ......................................................... –
Bookkeeping fees paid to anyone performing this service .......... –
Auditing fees .................................................... –
Legal fees ....................................................... 1
Marketing/distribution payments, incl. Rule 12b-1 plan payments .. –
Amortization of organization expenses ............................ –
Shareholder meeting expenses ..................................... –
Other expenses ................................................... –
Total expenses ................................................... 24

Expense reimbursements ($000s): 14

Net investment income ($000s): 220

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

Dividends from net investment income: $0.0100

Distribution of capital gains: $0.0000
Other distributions: $0.0000
S 6: Financial Info — Condensed Balance Sheet Data
74. Assets ($000s)
Cash ............................................................. –
Repurchase agreements ............................................ 25,077
Short-term debt securities, other than repurchase agreements ..... –
Long-term debt securities, including convertible debt ............ 6,381
Preferred, conv. preferred and adjustable-rate preferred stock ... –
Common stock ..................................................... –
Options on equities .............................................. –
Options on all futures ........................................... –
Other investments ................................................ –
Receivables from portfolio instruments sold ...................... –
Receivables from affiliated persons .............................. –
Other receivables ................................................ 10
All other assets ................................................. –
Total assets ..................................................... 31,468

Equity ($000s)
Senior equity .................................................... –
Net assets of common shareholders ................................ 31,314

Number of shares outstanding (000s): 31,314

Net Asset Value (NAV) per share (to nearest cent): $1.00
Mark-to-market NAV per share: $1.0000

Total number of shareholder accounts: 2

Total value of assets in segregated accounts ($000s): 0
75. Daily average net assets during the period ($000s): 27,722
Signature ↑Top of Form N-SAR
/s/ Jeffrey A Cohen
Name: Jeffrey A Cohen
Title: Controller

↑Top

Filing Submission 0000908731-95-000007 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Marquis Funds – ‘NSAR-B’ for 9/30/95

As of: Wednesday, 11/22/95 · For: 9/30/95 · Accession #: 908731-95-7 · File #: 811-07830

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Annual Report by an Investment Company — Form N-SAR — ICA’40Filing Table of Contents

‘NSAR-B’ — N-SAR (3.0.A)

Annual Report by an Investment Company — Form N-SAR — ICA’40
Filing Table of Contents