SEC Info - Aquinas Funds Inc. - ‘NSAR-B’ for 12/31/01

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Aquinas Funds Inc. – ‘NSAR-B’ for 12/31/01

As of: Thursday, 2/28/02 · For: 12/31/01 · Accession #: 926877-2-10 · File #: 811-08122

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

 2/28/02  Aquinas Funds Inc.                NSAR-B     12/31/01    3:26K                                    Umb Fund Svcs Inc./FA

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

Document/Exhibit                   Description                      Pages   Size 

 1: NSAR-B      Annual Report by an Investment Company                26    106K 
 3: EX-99.77B ACCT LTTR  Audit                                         2±     7K 
 2: EX-99.77J REVALUATN  Revaluation of Assets or Restatement of       1      5K 
                Capital Shares Account -- rocsop

‘NSAR-B’ — Annual Report by an Investment Company

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: The Aquinas Funds, Inc. — List all N-SARs

Annual Report for the 2nd-half period ended at fiscal year end: 12/31/01

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: 914325
SEC File #: 811-08122

Telephone #: 972-233-6655
2. Address: 5310 Harvest Hill Road, Suite 248
Dallas, TX 75230
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: 4
The number of separate Funds/Series (portfolios) reported here: 4...

N-SAR S# Fund/Series — Filings for F/S#… ⇒ Symbols
↓Information Common to All
↓ Series 4: Aquinas Fixed Income Fund — N-SARs
↓ Series 2: Aquinas Growth Fund — N-SARs
↓ Series 1: Aquinas Small-Cap Fund — N-SARs
↓ Series 3: Aquinas Value Fund — N-SARs
Family of Investment Companies
19. Is the Registrant/Series part of a “family” of investment companies? No
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

EX-99.77J: Revaluation of Assets or Restatement of Capital Shares Acct? Yes
Subsidiaries
78. Does the Registrant have any wholly-owned investment company
subsidiaries whose operating and financial data are consolidated with
that of the Registrant in this Report? No
All Series ↑List of 4 Funds/Series Reported Here

Information Common to All Funds/Series
All: Administrator
10.1 Name: Sunstone Financial Group, Inc.
SEC File #: 084-05792
Location: Milwaukee, WI
All: Shareholder Servicing/Transfer Agent
12.1 Name: DST Systems, Inc.
SEC File #: 084-00448
Location: Kansas City, MO
All: Independent Public Accountant
13.1 Name: Arthur Andersen LLP
Location: Milwaukee, WI
All: Custodian
15.1 Name: Umb Bank, N.A.
Role: Custodian
Location: Kansas City, MO

Type of custody: Section 17(f)(1) — Bank
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? Yes
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: Fidelity Capital
IRS #: 04-2653569
Commissions paid ($000s): 53
20.2 Broker: Bear, Stearns & Co. Inc.
IRS #: 13-3299429
Commissions paid ($000s): 18
20.3 Broker: Merrill Lynch, Pierce Fenner & Smith Inc.
IRS #: 13-2629351
Commissions paid ($000s): 17
20.4 Broker: UBS Warburg
IRS #: 13-2655998
Commissions paid ($000s): 8
20.5 Broker: Morgan Stanley Dean Witter & Co.
IRS #: 13-2655998
Commissions paid ($000s): 7
20.6 Broker: Salomon Smith Barney
IRS #: 11-2418191
Commissions paid ($000s): 6
20.7 Broker: JP Morgan Chase & Co.
IRS #: 13-3224016
Commissions paid ($000s): 6
20.8 Broker: Bank of America
IRS #: 56-2058405
Commissions paid ($000s): 5
20.9 Broker: Lehman Brothers Inc.
IRS #: 13-2518466
Commissions paid ($000s): 5
20.10 Broker: Goldman Sachs & Co.
IRS #: 13-5108880
Commissions paid ($000s): 5
21. Total brokerage commissions paid by the Registrant during the period:
Aggregate paid ($000s): 213
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: Umb Bank, N.A.
IRS #: 43-1357092
Registrant’s purchases ($000s): 110,396
Registrant’s sales ($000s): 110,912
22.2 Entity: Credit Suisse First Boston Corp.
IRS #: 13-5659485
Registrant’s purchases ($000s): 13,414
Registrant’s sales ($000s): 13,152
22.3 Entity: Merrill Lynch, Pierce Fenner & Smith Inc.
IRS #: 13-2625351
Registrant’s purchases ($000s): 12,794
Registrant’s sales ($000s): 11,883
22.4 Entity: Salomon Smith Barney, Inc.
IRS #: 11-2418191
Registrant’s purchases ($000s): 11,502
Registrant’s sales ($000s): 4,903
22.5 Entity: Lehman Brothers Inc.
IRS #: 13-2518466
Registrant’s purchases ($000s): 7,368
Registrant’s sales ($000s): 7,370
22.6 Entity: Deutsche Bank Securities, Inc.
IRS #: 13-2730828
Registrant’s purchases ($000s): 7,594
Registrant’s sales ($000s): 5,857
22.7 Entity: Morgan Stanely Dean Witter & Co.
IRS #: 13-2655998
Registrant’s purchases ($000s): 5,516
Registrant’s sales ($000s): 5,313
22.8 Entity: Goldman Sachs & Co.
IRS #: 13-5108880
Registrant’s purchases ($000s): 5,201
Registrant’s sales ($000s): 4,753
22.9 Entity: Bank of America
IRS #: 56-2058405
Registrant’s purchases ($000s): 4,323
Registrant’s sales ($000s): 3,940
22.10 Entity: Bear Stearns & Co. Inc.
IRS #: 13-3299429
Registrant’s purchases ($000s): 3,583
Registrant’s sales ($000s): 4,220
23. Total purchase/sale transactions by the Registrant during the period:
Aggregate purchases ($000s): 208,306
Aggregate sales ($000s): 195,889
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 ............................... No
Receipt of investment research and statistical info .................... Yes
Receipt of quotations for portfolio valuations ......................... Yes
Ability to execute portfolio transactions to obtain the best price
and execution ........................................................ Yes
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 ...................................... Yes
To the Registrant .................................................. No
Other .................................................................. No
All: 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
All: Advisory Fee
54. Indicated below are whether services were supplied or paid for wholly or
in substantial part by Investment Adviser(s) or Administrator(s) in
connection with the advisory or administrative contract(s) but for which
the Adviser(s) or Administrator(s) are not reimbursed by the Registrant:

Provided to the Registrant?
Occupancy and office rental ............................................ Yes
Clerical and bookkeeping services ...................................... No
Accounting services .................................................... No
Services of independent auditors ....................................... No
Services of outside counsel ............................................ No
Registration and filing fees ........................................... No
Stationery, supplies and printing ...................................... No
Salaries & compensation of Registrant’s interested Directors ........... No
Salaries & compensation of Registrant’s disinterested Directors ........ No
Salaries & compensation of Registrant’s Officers who aren’t Directors .. Yes
Reports to current shareholders ........................................ No
Determination of offering and redemption prices ........................ No
Trading department ..................................................... Yes
Prospectus preparation and printing for current shareholders ........... No
Other .................................................................. Yes
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? Yes
57. Did the Registrant/Series adjust the number of its shares outstanding by
means of a stock split or stock dividend? No
All: 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? Yes

Was the Registrant/Series a diversified investment company at the end of
the period? Yes
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: $500
All: Fidelity Bond in Effect at Fiscal Year End
80. 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): 600
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 4 Funds/Series
7. Name: Aquinas Small-Cap Fund — N-SARs

Is this the final Form N-SAR filed for this Fund/Series? No
S 1: Investment Adviser
8.1 Name: Aquinas Investment Advisors, Inc.
Role: Adviser
SEC File #: 801-45125
Location: Dallas, TX
8.2 Name: John McStay Investment Counsel
Role: Sub-Adviser
SEC File #: 801-20244
Location: Dallas, TX
S 1: Holdings of Securities Issued by Registrant’s/Series’ Brokers or Dealers
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
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) ............................ 43
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 79
2nd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 164
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 13
3rd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 28
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 12
4th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 1,159
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 39
5th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 59
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 1,107
6th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 187
Reinvestment of dividends and distributions ................ 29
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 142

Total of all months: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................ 1,640
Reinvestment of dividends and distributions ................ 29
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 1,390

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)
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? Yes
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:

Percentage of Total Amount Paid (%)
Advertising ............................................................ –
Printing & mailing of prospectuses to other than current shareholders .. –
Payments to underwriters ............................................... 100
Payments to brokers or dealers ......................................... –
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): 15
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): 1
S 1: 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: 1.25%
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 1: 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
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? Yes

Which best describes its primary investment objective:

Aggressive capital appreciation? No
Capital appreciation? Yes
Growth? No
Growth and income? No
Income? No
Total return? 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 1: 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 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? Yes No
Writing or investing in stock index futures? No –
Writing or investing in options on futures? Yes No
Writing or investing in options on stock index futures? No –
Writing or investing in other commodity futures? No –
Investments in restricted securities? Yes No
Investments in shares of other investment companies? No –
Investments in securities of foreign issuers? Yes to both
Currency exchange transactions? No –
Loaning portfolio securities? Yes No
Borrowing of money? Yes No
Purchases/sales by certain exempted affiliated persons? No –
Margin purchases? No –
Short selling? No –
S 1: Portfolio Turnover
71. Portfolio turnover rate for the period:
Purchases ($000s): 7,233
Sales ($000s): 5,449

Monthly average Value of portfolio ($000s): 5,351

Percent turnover (lesser of Purchases or Sales, divided by Value): 102%
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 .............................................. 18
Net dividend income .............................................. 11
Account maintenance fees ......................................... –
Net other income ................................................. –

Expenses ($000s)
Advisory fees .................................................... 75
Administrator fees ............................................... 10
Salaries and other compensation .................................. –
Shareholder Servicing Agent fees ................................. 33
Custodian fees ................................................... 6
Postage .......................................................... –
Printing expenses ................................................ 2
Directors’ fees .................................................. 1
Registration fees ................................................ 19
Taxes ............................................................ –
Interest ......................................................... –
Bookkeeping fees paid to anyone performing this service .......... –
Auditing fees .................................................... 2
Legal fees ....................................................... 1
Marketing/distribution payments, incl. Rule 12b-1 plan payments .. 15
Amortization of organization expenses ............................ –
Shareholder meeting expenses ..................................... –
Other expenses ................................................... 4
Total expenses ................................................... 168

Expense reimbursements ($000s): 51

Net investment income ($000s): -88

Realized capital gains ($000s): 492
Realized capital losses ($000s): 1,581

Net unrealized appreciation during the period ($000s): 660
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): 29
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: $0.0283
Other distributions: $0.0000
S 1: Financial Info — Condensed Balance Sheet Data
74. Assets ($000s)
Cash ............................................................. –
Repurchase agreements ............................................ –
Short-term debt securities, other than repurchase agreements ..... –
Long-term debt securities, including convertible debt ............ –
Preferred, conv. preferred and adjustable-rate preferred stock ... –
Common stock ..................................................... 6,013
Options on equities .............................................. –
Options on all futures ........................................... –
Other investments ................................................ 201
Receivables from portfolio instruments sold ...................... 16
Receivables from affiliated persons .............................. 5
Other receivables ................................................ 25
All other assets ................................................. 12
Total assets ..................................................... 6,272

Liabilities ($000s)
Payables for portfolio instruments purchased ..................... 27
Amounts owed to affiliated persons ............................... 6
Senior long-term debt ............................................ –
Other liabilities:
Reverse repurchase agreements .................................. –
Short sales .................................................... –
Written options ................................................ –
All other liabilities .......................................... 31

Equity ($000s)
Senior equity .................................................... –
Net assets of common shareholders ................................ 6,208

Number of shares outstanding (000s): 1,021

Net Asset Value (NAV) per share (to nearest cent): $6.08

Total number of shareholder accounts: 263

Total value of assets in segregated accounts ($000s): 0
75. Monthly average net assets during the period ($000s): 6,084
Series 2 ↑Information Common to All Funds/Series ↑List of 4 Funds/Series
7. Name: Aquinas Growth Fund — N-SARs

Is this the final Form N-SAR filed for this Fund/Series? No
S 2: Investment Adviser
8.1 Name: Aquinas Investment Advisors, Inc.
Role: Adviser
SEC File #: 801-45125
Location: Dallas, TX
8.2 Name: John McStay Investment Counsel
Role: Sub-Adviser
SEC File #: 801-20244
Location: Dallas, TX
8.3 Name: Sirach Capital Management, Inc.
Role: Sub-Adviser
SEC File #: 801-33477
Location: Seattle, WA
S 2: Holdings of Securities Issued by Registrant’s/Series’ Brokers or Dealers
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? Yes

25.
The brokers or dealers, or their parents (issuers):
25.1 Name: Lehman Brothers
IRS #: 13-2518466
Type of security owned: Equity
Value of securities owned at period end ($000s): 321
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) ............................ 2,659
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 3,893
2nd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 2,912
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 5,341
3rd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 2,332
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 2,275
4th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 3,595
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 2,912
5th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 4,809
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 2,082
6th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 4,583
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 5,737

Total of all months: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................ 20,890
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 22,240

Total NAV of the Registrant’s/Series’ share sales during the period
subject to a sales load ($000s): 0
S 2: Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance)
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? Yes
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? No
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 2: 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: 1.0%
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? No
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? 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? Yes

Which best describes its primary investment objective:

Aggressive capital appreciation? No
Capital appreciation? No
Growth? Yes
Growth and income? No
Income? No
Total return? 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 2: 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 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? Yes No
Investments in shares of other investment companies? No –
Investments in securities of foreign issuers? Yes to both
Currency exchange transactions? No –
Loaning portfolio securities? Yes No
Borrowing of money? Yes No
Purchases/sales by certain exempted affiliated persons? No –
Margin purchases? No –
Short selling? No –
S 2: Portfolio Turnover
71. Portfolio turnover rate for the period:
Purchases ($000s): 61,980
Sales ($000s): 58,438

Monthly average Value of portfolio ($000s): 59,222

Percent turnover (lesser of Purchases or Sales, divided by Value): 99%
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 .............................................. 106
Net dividend income .............................................. 319
Account maintenance fees ......................................... –
Net other income ................................................. –

Expenses ($000s)
Advisory fees .................................................... 622
Administrator fees ............................................... 106
Salaries and other compensation .................................. –
Shareholder Servicing Agent fees ................................. 92
Custodian fees ................................................... 14
Postage .......................................................... –
Printing expenses ................................................ 15
Directors’ fees .................................................. 7
Registration fees ................................................ 30
Taxes ............................................................ –
Interest ......................................................... –
Bookkeeping fees paid to anyone performing this service .......... –
Auditing fees .................................................... 24
Legal fees ....................................................... 10
Marketing/distribution payments, incl. Rule 12b-1 plan payments .. –
Amortization of organization expenses ............................ –
Shareholder meeting expenses ..................................... –
Other expenses ................................................... 11
Total expenses ................................................... 931

Expense reimbursements ($000s): 0

Net investment income ($000s): -506

Realized capital gains ($000s): 9,354
Realized capital losses ($000s): 12,827

Net unrealized appreciation during the period ($000s): 0
Net unrealized depreciation during the period ($000s): 7,051

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: $0.0000

Distribution of capital gains: $0.0000
Other distributions: $0.0000
S 2: Financial Info — Condensed Balance Sheet Data
74. Assets ($000s)
Cash ............................................................. –
Repurchase agreements ............................................ –
Short-term debt securities, other than repurchase agreements ..... –
Long-term debt securities, including convertible debt ............ 375
Preferred, conv. preferred and adjustable-rate preferred stock ... –
Common stock ..................................................... 57,449
Options on equities .............................................. –
Options on all futures ........................................... –
Other investments ................................................ 3,552
Receivables from portfolio instruments sold ...................... 21
Receivables from affiliated persons .............................. –
Other receivables ................................................ 93
All other assets ................................................. 17
Total assets ..................................................... 61,507

Liabilities ($000s)
Payables for portfolio instruments purchased ..................... 264
Amounts owed to affiliated persons ............................... 52
Senior long-term debt ............................................ –
Other liabilities:
Reverse repurchase agreements .................................. –
Short sales .................................................... –
Written options ................................................ –
All other liabilities .......................................... 230

Equity ($000s)
Senior equity .................................................... –
Net assets of common shareholders ................................ 60,961

Number of shares outstanding (000s): 4,174

Net Asset Value (NAV) per share (to nearest cent): $14.61

Total number of shareholder accounts: 2,023

Total value of assets in segregated accounts ($000s): 0
75. Monthly average net assets during the period ($000s): 62,532
Series 3 ↑Information Common to All Funds/Series ↑List of 4 Funds/Series
7. Name: Aquinas Value Fund — N-SARs

Is this the final Form N-SAR filed for this Fund/Series? No
S 3: Investment Adviser
8.1 Name: Aquinas Investment Advisors, Inc.
Role: Adviser
SEC File #: 801-45125
Location: Dallas, TX
8.2 Name: Iridian Asset Management, LLC.
Role: Sub-Adviser
SEC File #: 801-50661
Location: Westport, CT
8.3 Name: Waite & Associates, LLC.
Role: Sub-Adviser
SEC File #: 801-54849
Location: Los Angeles, CA
S 3: Holdings of Securities Issued by Registrant’s/Series’ Brokers or Dealers
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? Yes

25.
The brokers or dealers, or their parents (issuers):
25.1 Name: Bank of America Securities LLC
IRS #: 56-2058405
Type of security owned: Equity
Value of securities owned at period end ($000s): 1,479
25.2 Name: Morgan Stanley Dean Witter & Co.
IRS #: 13-2655998
Type of security owned: Equity
Value of securities owned at period end ($000s): 839
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) ............................ 1,224
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 1,172
2nd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 1,118
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 2,307
3rd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 126
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 817
4th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 811
Reinvestment of dividends and distributions ................ 3
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 865
5th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 1,616
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 1,591
6th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 701
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 1,478

Total of all months: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................ 5,596
Reinvestment of dividends and distributions ................ 3
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 8,230

Total NAV of the Registrant’s/Series’ share sales during the period
subject to a sales load ($000s): 0
S 3: Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance)
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? Yes
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? No
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: 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: 1.0%
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? No
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? 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? Yes

Which best describes its primary investment objective:

Aggressive capital appreciation? No
Capital appreciation? No
Growth? Yes
Growth and income? No
Income? No
Total return? 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 3: 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 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? Yes No
Investments in shares of other investment companies? No –
Investments in securities of foreign issuers? Yes to both
Currency exchange transactions? No –
Loaning portfolio securities? Yes No
Borrowing of money? Yes No
Purchases/sales by certain exempted affiliated persons? No –
Margin purchases? No –
Short selling? No –
S 3: Portfolio Turnover
71. Portfolio turnover rate for the period:
Purchases ($000s): 30,375
Sales ($000s): 36,645

Monthly average Value of portfolio ($000s): 47,302

Percent turnover (lesser of Purchases or Sales, divided by Value): 64%
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 .............................................. 37
Net dividend income .............................................. 694
Account maintenance fees ......................................... –
Net other income ................................................. –

Expenses ($000s)
Advisory fees .................................................... 487
Administrator fees ............................................... 83
Salaries and other compensation .................................. –
Shareholder Servicing Agent fees ................................. 69
Custodian fees ................................................... 14
Postage .......................................................... –
Printing expenses ................................................ 12
Directors’ fees .................................................. 6
Registration fees ................................................ 21
Taxes ............................................................ –
Interest ......................................................... –
Bookkeeping fees paid to anyone performing this service .......... –
Auditing fees .................................................... 19
Legal fees ....................................................... 8
Marketing/distribution payments, incl. Rule 12b-1 plan payments .. –
Amortization of organization expenses ............................ –
Shareholder meeting expenses ..................................... –
Other expenses ................................................... 8
Total expenses ................................................... 727

Expense reimbursements ($000s): 0

Net investment income ($000s): 4

Realized capital gains ($000s): 4,246
Realized capital losses ($000s): 4,475

Net unrealized appreciation during the period ($000s): 0
Net unrealized depreciation during the period ($000s): 3,222

Total income dividends for which the record date passed during the
period ($000s): 18

Dividends from net investment income: $0.0015

Distribution of capital gains: $0.0000
Other distributions: $0.0022
S 3: Financial Info — Condensed Balance Sheet Data
74. Assets ($000s)
Cash ............................................................. –
Repurchase agreements ............................................ –
Short-term debt securities, other than repurchase agreements ..... –
Long-term debt securities, including convertible debt ............ –
Preferred, conv. preferred and adjustable-rate preferred stock ... –
Common stock ..................................................... 43,110
Options on equities .............................................. –
Options on all futures ........................................... –
Other investments ................................................ 2,146
Receivables from portfolio instruments sold ...................... 147
Receivables from affiliated persons .............................. –
Other receivables ................................................ 70
All other assets ................................................. 15
Total assets ..................................................... 45,488

Liabilities ($000s)
Payables for portfolio instruments purchased ..................... 32
Amounts owed to affiliated persons ............................... 38
Senior long-term debt ............................................ –
Other liabilities:
Reverse repurchase agreements .................................. –
Short sales .................................................... –
Written options ................................................ –
All other liabilities .......................................... 263

Equity ($000s)
Senior equity .................................................... –
Net assets of common shareholders ................................ 45,155

Number of shares outstanding (000s): 4,416

Net Asset Value (NAV) per share (to nearest cent): $10.22

Total number of shareholder accounts: 988

Total value of assets in segregated accounts ($000s): 0
75. Monthly average net assets during the period ($000s): 49,033
Series 4 ↑Information Common to All Funds/Series ↑List of 4 Funds/Series
7. Name: Aquinas Fixed Income Fund — N-SARs

Is this the final Form N-SAR filed for this Fund/Series? No
S 4: Investment Adviser
8.1 Name: Aquinas Investment Advisors, Inc.
Role: Adviser
SEC File #: 801-45125
Location: Dallas, TX
8.2 Name: Atlantic Asset Management Partners, LLC.
Role: Sub-Adviser
SEC File #: 801-49941
Location: Stamford, CT
8.3 Name: Income Research & Management, Inc.
Role: Sub-Adviser
SEC File #: 801-29482
Location: Boston, MA
S 4: Holdings of Securities Issued by Registrant’s/Series’ Brokers or Dealers
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? Yes

25.
The brokers or dealers, or their parents (issuers):
25.1 Name: Lehman Brothers
IRS #: 13-2518466
Type of security owned: Debt
Value of securities owned at period end ($000s): 2,615
25.2 Name: J.P. Morgan Chase & Co.
IRS #: 13-3224016
Type of security owned: Debt
Value of securities owned at period end ($000s): 1,315
25.3 Name: Morgan Stanley Dean Witter & Co.
IRS #: 13-2655998
Type of security owned: Debt
Value of securities owned at period end ($000s): 1,197
25.4 Name: Salomon Smith Barney Inc.
IRS #: 13-2629351
Type of security owned: Debt
Value of securities owned at period end ($000s): 127
25.5 Name: Merrill Lynch Pierce Fenner & Smith Inc.
IRS #: 13-3224016
Type of security owned: Debt
Value of securities owned at period end ($000s): 124
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) ............................ 1,226
Reinvestment of dividends and distributions ................ 210
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 2,734
2nd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 3,800
Reinvestment of dividends and distributions ................ 203
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 3,698
3rd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 3,568
Reinvestment of dividends and distributions ................ 183
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 1,332
4th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 313
Reinvestment of dividends and distributions ................ 190
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 2,459
5th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 964
Reinvestment of dividends and distributions ................ 226
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 216
6th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 836
Reinvestment of dividends and distributions ................ 392
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 310

Total of all months: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................ 10,707
Reinvestment of dividends and distributions ................ 1,404
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 10,749

Total NAV of the Registrant’s/Series’ share sales during the period
subject to a sales load ($000s): 0
S 4: Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance)
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? Yes
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? No
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: 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: 0.6%
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 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? 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 ................................... 4.7

Debt — Intermediate & Long-Term Maturities
U.S. Treasury ............................... 8.0%
U.S. Government Agency ...................... 13.4
State and Municipal – tax-free .............. 0.0
Corporate ................................... 75.6
All other ................................... 0.7

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: 17.8
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 4: 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 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? Yes No
Writing or investing in stock index futures? No –
Writing or investing in options on futures? Yes No
Writing or investing in options on stock index futures? No –
Writing or investing in other commodity futures? No –
Investments in restricted securities? Yes No
Investments in shares of other investment companies? No –
Investments in securities of foreign issuers? Yes to both
Currency exchange transactions? No –
Loaning portfolio securities? Yes No
Borrowing of money? Yes No
Purchases/sales by certain exempted affiliated persons? No –
Margin purchases? No –
Short selling? No –
S 4: Portfolio Turnover
71. Portfolio turnover rate for the period:
Purchases ($000s): 74,612
Sales ($000s): 72,212

Monthly average Value of portfolio ($000s): 45,790

Percent turnover (lesser of Purchases or Sales, divided by Value): 158%
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 .............................................. 3,016
Net dividend income .............................................. –
Account maintenance fees ......................................... –
Net other income ................................................. –

Expenses ($000s)
Advisory fees .................................................... 281
Administrator fees ............................................... 80
Salaries and other compensation .................................. –
Shareholder Servicing Agent fees ................................. 55
Custodian fees ................................................... 11
Postage .......................................................... –
Printing expenses ................................................ 11
Directors’ fees .................................................. 6
Registration fees ................................................ 19
Taxes ............................................................ –
Interest ......................................................... –
Bookkeeping fees paid to anyone performing this service .......... –
Auditing fees .................................................... 18
Legal fees ....................................................... 8
Marketing/distribution payments, incl. Rule 12b-1 plan payments .. –
Amortization of organization expenses ............................ –
Shareholder meeting expenses ..................................... –
Other expenses ................................................... 22
Total expenses ................................................... 511

Expense reimbursements ($000s): 42

Net investment income ($000s): 2,547

Realized capital gains ($000s): 1,167
Realized capital losses ($000s): 719

Net unrealized appreciation during the period ($000s): 1,146
Net unrealized depreciation during the period ($000s): 0

Total income dividends for which the record date passed during the
period ($000s): 2,557

Dividends from net investment income: $0.5489

Distribution of capital gains: $0.0000
Other distributions: $0.0000
S 4: Financial Info — Condensed Balance Sheet Data
74. Assets ($000s)
Cash ............................................................. –
Repurchase agreements ............................................ –
Short-term debt securities, other than repurchase agreements ..... –
Long-term debt securities, including convertible debt ............ 48,135
Preferred, conv. preferred and adjustable-rate preferred stock ... –
Common stock ..................................................... –
Options on equities .............................................. –
Options on all futures ........................................... –
Other investments ................................................ 2,293
Receivables from portfolio instruments sold ...................... 1,377
Receivables from affiliated persons .............................. 3
Other receivables ................................................ 1,093
All other assets ................................................. 15
Total assets ..................................................... 52,916

Liabilities ($000s)
Payables for portfolio instruments purchased ..................... 3,586
Amounts owed to affiliated persons ............................... 25
Senior long-term debt ............................................ –
Other liabilities:
Reverse repurchase agreements .................................. –
Short sales .................................................... –
Written options ................................................ –
All other liabilities .......................................... 48

Equity ($000s)
Senior equity .................................................... –
Net assets of common shareholders ................................ 49,257

Number of shares outstanding (000s): 4,891

Net Asset Value (NAV) per share (to nearest cent): $10.07

Total number of shareholder accounts: 487

Total value of assets in segregated accounts ($000s): 0
75. Monthly average net assets during the period ($000s): 46,567
Signature ↑Top of Form N-SAR
/s/ John Buckel
Name: John Buckel
Title: Financial Analyst

↑Top

Filing Submission 0000926877-02-000010 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Aquinas Funds Inc. – ‘NSAR-B’ for 12/31/01

As of: Thursday, 2/28/02 · For: 12/31/01 · Accession #: 926877-2-10 · File #: 811-08122

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

‘NSAR-B’ — Annual Report by an Investment Company

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