S T A T E   O F   A R I Z O N A

S T A T E   T R E A S U R E R ' S   O F F I C E

W A T E R M A R K   I N V E N T O R Y

INVESTMENTS OUTSTANDING AS OF 11/30/07  (SETTLEMENT BASIS)

*** CARRY-BASIS IS BOOK-VALUE AMORTIZED THROUGH 11/30/07 ***

*** LGIP (3) ***

 

                                                                                                                                  

==============================================================================================================================================

 Pos#   Sec-Id     Description      RATE  Maturity  YIELD MOO  S&P  POSITION-SIZE  #   PRICE   $  CARRY-BASIS    MARKET-VALUE  * $-ABOVE/BELOW

------ -------- ------------------ ------ -------- ------ ---- ---- -------------- - --------- - -------------- -------------- - -------------

 

                                                 U.S. TREASURY NOTES & BON (  12)

                                                 --------------------------------

 56649 912828FJ U S TREASURY NOTE   5.125  6/30/08  5.052 Aaa  AAA   10,000,000.00   101.00000 2  10,003,844.29  10,100,000.00       96,155.71

 58252 912828FV U S TREASURY NOTE   4.875 10/31/08  5.008 Aaa  AAA   10,000,000.00   101.38300 2   9,988,149.52  10,138,300.00      150,150.48

                                                   ======           --------------               -------------- --------------   -------------

                                                    5.030            20,000,000.00                19,991,993.81  20,238,300.00      246,306.19

 

    2 ITEMS IN SUBTOTAL FOR:  U.S. TREASURY NOTES & BONDS      (TYPE   12)

 

 

                                                 AGENCY MTN (30/360) 2X    (  21)

                                                 --------------------------------

 59520 3128X6BP FHLMC               5.700  6/12/12  5.534 Aaa  AAA   21,575,000.00   100.91100 2  21,591,926.86  21,771,548.25      179,621.39

 59507 3128X6ML FHLMC               5.000 10/01/10  5.000 Aaa  AAA   20,000,000.00   100.68900 2  20,000,000.00  20,137,800.00      137,800.00

 59662 3133XMJ3 FHLB                5.350 10/03/12  5.350 Aaa  AAA   17,500,000.00   101.06250 2  17,500,000.00  17,685,937.50      185,937.50

 59748 3133XMM2 FHLB                5.000 10/22/10  5.000 Aaa  AAA   20,000,000.00   100.75000 2  20,000,000.00  20,150,000.00      150,000.00

 59617 31359MN4 FNMA                5.700  5/12/11  4.894 Aaa  AAA   20,000,000.00   100.78125 2  20,069,168.70  20,156,250.00       87,081.30

 59360 3136F8JS FNMA                5.350  4/12/10  5.350 Aaa  AAA   32,582,000.00   100.15625 2  32,582,000.00  32,632,909.37       50,909.37

                                                   ======           --------------               -------------- --------------   -------------

                                                    5.204           131,657,000.00               131,743,095.56 132,534,445.12      791,349.56

 

    6 ITEMS IN SUBTOTAL FOR:  AGENCY MTN (30/360) 2X           (TYPE   21)

 

 

                                                 AGENCY STEP UP NOTE (30/3 (  22)

                                                 --------------------------------

 36052 31339YQF FHLB Step Cpn       5.000  7/30/08  5.010 Aaa  AAA   25,000,000.00   100.09375 2  24,998,447.76  25,023,437.50       24,989.74

                                                   ======           --------------               -------------- --------------   -------------

                                                    5.010            25,000,000.00                24,998,447.76  25,023,437.50       24,989.74

 

    1 ITEM IN SUBTOTAL FOR:   AGENCY STEP UP NOTE (30/360) 2X  (TYPE   22)

 

 

                                                 AGENCY NOTES (30/360) 2X  (  23)

                                                 --------------------------------

 52533 3128X4K6 FHLMC               5.250  3/07/08  5.277 Aaa  AAA   13,480,000.00   100.00900 2  13,479,105.64  13,481,213.20        2,107.56

 57923 3128X5K8 FHLMC               5.400  3/02/12  5.398 Aaa  AAA   20,000,000.00   101.08300 2  20,000,000.00  20,216,600.00      216,600.00

 

 

 

S T A T E   O F   A R I Z O N A

S T A T E   T R E A S U R E R ' S   O F F I C E

W A T E R M A R K   I N V E N T O R Y

INVESTMENTS OUTSTANDING AS OF 11/30/07  (SETTLEMENT BASIS)

*** CARRY-BASIS IS BOOK-VALUE AMORTIZED THROUGH 11/30/07 ***

*** LGIP (3) ***

 

                                                                                                                                   

==============================================================================================================================================

 Pos#   Sec-Id     Description      RATE  Maturity  YIELD MOO  S&P  POSITION-SIZE  #   PRICE   $  CARRY-BASIS    MARKET-VALUE  * $-ABOVE/BELOW

------ -------- ------------------ ------ -------- ------ ---- ---- -------------- - --------- - -------------- -------------- - -------------

 56077 3128X5NT FHLMC               5.350 11/14/11  5.354 Aaa  AAA   10,000,000.00   101.34200 2   9,997,974.19  10,134,200.00      136,225.81

 56121 3128X5NT FHLMC               5.350 11/14/11  5.375 Aaa  AAA   10,000,000.00   101.34200 2   9,990,736.30  10,134,200.00      143,463.70

 57172 3128X5R7 FHLMC               5.250  3/15/12  5.271 Aaa  AAA   10,000,000.00   101.01500 2   9,992,251.43  10,101,500.00      109,248.57

 55962 3128X5TZ FHLMC               5.375 12/27/11  5.375 Aaa  AAA   10,000,000.00   100.10000 2  10,000,000.00  10,010,000.00       10,000.00

 49796 3133XBFJ FHLB                5.170  4/21/10  4.251 Aaa  AAA    3,500,000.00   100.40625 2   3,500,000.00   3,514,218.75       14,218.75

 58158 3133XFLG FHLB                5.250  6/12/09  5.050 Aaa  AAA   25,000,000.00   102.15625 2  25,071,084.55  25,539,062.50      467,977.95

 55791 3133XHY4 FHLB                5.500 12/07/09  5.500 Aaa  AAA   20,000,000.00   100.03125 2  20,000,000.00  20,006,250.00        6,250.00

 58087 3133XJ3D FHLB                4.875  6/04/08  5.183 Aaa  AAA   25,000,000.00   100.15625 2  24,962,097.66  25,039,062.50       76,964.84

 57112 3133XK2F FHLB                5.550  3/04/10  5.550 Aaa  AAA   30,000,000.00   100.00000 2  30,000,000.00  30,000,000.00               

 58016 3133XKP8 FHLB                4.875 11/19/08  5.023 Aaa  AAA   50,000,000.00   100.71875 2  49,931,794.94  50,359,375.00      427,580.06

 58089 3134A2DT FHLMC               5.750  4/15/08  5.224 Aaa  AAA   25,000,000.00   100.53125 2  25,046,456.46  25,132,812.50       86,356.04

 56501 31359M4P FNMA                5.500  1/23/12  5.507 Aaa  AAA   20,000,000.00   100.21875 2  19,994,693.54  20,043,750.00       49,056.46

 58062 31359M5C FNMA                5.375  2/12/10  5.374 Aaa  AAA   25,000,000.00   100.25000 2  24,998,798.80  25,062,500.00       63,701.20

 58039 31359M5T FNMA                5.125  9/02/08  5.117 Aaa  AAA   25,000,000.00   100.59375 2  25,000,289.31  25,148,437.50      148,148.19

 57367 31359M6L FNMA                5.390  3/27/12  5.392 Aaa  AAA   25,000,000.00   100.46875 2  24,997,839.54  25,117,187.50      119,347.96

 58063 31359M7T FNMA                5.300  4/16/10  5.382 Aaa  AAA   25,000,000.00   100.43750 2  24,992,174.33  25,109,375.00      117,200.67

 54995 31359MF3 FNMA                5.000  7/25/08  5.220 Aaa  AAA   15,000,000.00   100.37500 2  14,979,462.32  15,056,250.00       76,787.68

 57921 31359MP5 FNMA                5.250 12/03/07  5.273 Aaa  AAA   11,650,000.00   100.00000 2  11,649,980.40  11,650,000.00           19.60

 60274 31359MU4 FNMA                5.500  1/15/08  4.496 Aaa  AAA   50,000,000.00   100.12500 2  50,055,487.39  50,062,500.00        7,012.61

 56098 31359MU9 FNMA                5.400  2/01/08  5.166 Aaa  AAA   10,000,000.00   100.15625 2  10,003,735.70  10,015,625.00       11,889.30

 55021 31359MX4 FNMA                5.000  9/15/08  5.047 Aaa  AAA   10,000,000.00   100.78125 2   9,996,520.93  10,078,125.00       81,604.07

 58185 3137EAAT FHLMC               5.000  6/11/09  5.076 Aaa  AAA   25,000,000.00   101.81250 2  24,972,211.90  25,453,125.00      480,913.10

                                                   ======           --------------               -------------- --------------   -------------

                                                    5.180           493,630,000.00               493,612,695.33 496,465,369.45    2,852,674.12

 

   24 ITEMS IN SUBTOTAL FOR:  AGENCY NOTES (30/360) 2X         (TYPE   23)

 

 

                                                 AGENCY NOTES-VAR (30/360) (  25)

                                                 --------------------------------

 35403 3128X1LU FHLMC Variable      3.500  6/25/08  3.522 Aaa  AAA    7,000,000.00    99.45313 2   6,999,206.90   6,961,718.75      -37,488.15

 60114 3133XMXZ FHLB FLOATING QRTL  4.905 11/16/12  4.905 Aaa  AAA   39,500,000.00   100.00000 2  39,500,000.00  39,500,000.00               

                                                   ======           --------------               -------------- --------------   -------------

                                                    4.697            46,500,000.00                46,499,206.90  46,461,718.75      -37,488.15

 

    2 ITEMS IN SUBTOTAL FOR:  AGENCY NOTES-VAR (30/360) 4X     (TYPE   25)

 

 

                                                 AGENCY DISCOUNT NOTES     (  35)

                                                 --------------------------------

 60288 313312QB FFCB DISCOUNT       4.200 12/04/07  4.202 P-1  A-1+  30,000,000.00    99.96500 2  29,989,500.00  29,989,500.00               

 

 

 

 

S T A T E   O F   A R I Z O N A

S T A T E   T R E A S U R E R ' S   O F F I C E

W A T E R M A R K   I N V E N T O R Y

INVESTMENTS OUTSTANDING AS OF 11/30/07  (SETTLEMENT BASIS)

*** CARRY-BASIS IS BOOK-VALUE AMORTIZED THROUGH 11/30/07 ***

*** LGIP (3) ***

 

                                                                                                                                  

==============================================================================================================================================

 Pos#   Sec-Id     Description      RATE  Maturity  YIELD MOO  S&P  POSITION-SIZE  #   PRICE   $  CARRY-BASIS    MARKET-VALUE  * $-ABOVE/BELOW

------ -------- ------------------ ------ -------- ------ ---- ---- -------------- - --------- - -------------- -------------- - -------------

 60290 313312QC FFCB DISCOUNT       4.200 12/05/07  4.203 P-1  A-1+  30,000,000.00    99.95333 2  29,986,000.00  29,985,999.90                

 60296 313312RB FFCB DISCOUNT       4.210 12/28/07  4.224 P-1  A-1+  30,000,000.00    99.68425 2  29,905,275.00  29,905,275.00               

 60291 313384QE FHLB DISCOUNT       4.200 12/07/07  4.204 P-1  A-1+  30,000,000.00    99.93000 2  29,979,000.01  29,979,000.00               

 60292 313384QH FHLB DISCOUNT       4.200 12/10/07  4.205 P-1  A-1+  30,000,000.00    99.89500 2  29,968,500.00  29,968,500.00               

 60293 313384QJ FHLB DISCOUNT       4.200 12/11/07  4.206 P-1  A-1+  30,000,000.00    99.88333 2  29,965,000.00  29,964,999.90               

 60264 313384QK FHLB DISCOUNT       4.230 12/12/07  4.237 P-1  A-1+  50,000,000.00    99.87075 2  49,935,375.00  49,935,375.00               

 60294 313384QL FHLB DISCOUNT       4.280 12/13/07  4.287 P-1  A-1+  30,000,000.00    99.85733 2  29,957,200.01  29,957,199.90               

 60265 313384QM FHLB DISCOUNT       4.230 12/14/07  4.238 P-1  A-1+  50,000,000.00    99.84725 2  49,923,625.00  49,923,625.00               

 60299 313384QQ FHLB DISCOUNT       4.250 12/17/07  4.259 P-1  A-1+  50,000,000.00    99.81111 2  49,905,555.56  49,905,555.50               

 60295 313384QR FHLB DISCOUNT       4.200 12/18/07  4.209 P-1  A-1+  30,000,000.00    99.80167 2  29,940,500.00  29,940,500.10               

 59685 313384QS FHLB DISCOUNT       4.550 12/19/07  4.598 P-1  A-1+  20,000,000.00    99.77250 2  19,954,500.00  19,954,500.00               

 60298 313384QZ FHLB DISCOUNT       4.290 12/26/07  4.304 P-1  A-1+  30,000,000.00    99.70208 2  29,910,625.00  29,910,624.90               

 60218 313384RV FHLB DISCOUNT       4.240  1/15/08  4.265 P-1  A-1+  50,000,000.00    99.47000 2  49,735,000.01  49,735,000.00               

 60230 313384SF FHLB DISCOUNT       4.280  1/25/08  4.310 P-1  A-1+  25,000,000.00    99.34611 2  24,836,527.79  24,836,527.75               

 60236 313396QT FHLMC DISCOUNT      4.370 12/20/07  4.382 P-1  A-1+  25,000,000.00    99.77094 2  24,942,340.29  24,942,736.00          395.71

 60179 313396QX FHLMC DISCOUNT      4.370 12/24/07  4.388 P-1  A-1+  50,000,000.00    99.72081 2  49,860,402.75  49,860,403.00               

 60235 313396RE FHLMC DISCOUNT      4.340 12/31/07  4.358 P-1  A-1+  25,000,000.00    99.63833 2  24,909,583.33  24,909,583.25               

 60297 313396SC FHLMC DISCOUNT      4.200  1/22/08  4.227 P-1  A-1+  30,000,000.00    99.39333 2  29,818,000.00  29,817,999.90               

 60220 313396TN FHLMC DISCOUNT      4.285  2/25/08  4.331 P-1  A-1+  25,000,000.00    98.97708 2  24,744,090.28  24,744,269.50          179.22

 60232 313396TN FHLMC DISCOUNT      4.282  2/25/08  4.328 P-1  A-1+  25,000,000.00    98.97708 2  24,744,269.44  24,744,269.50               

 60226 313396VK FHLMC DISCOUNT      4.200  4/10/08  4.267 P-1  A-1+  25,910,000.00    98.51000 2  25,514,008.83  25,523,941.00        9,932.17

 60125 313588QQ FNMA DISCOUNT       4.340 12/17/07  4.356 P-1  A-1+ 250,000,000.00    99.80711 2 249,517,777.81 249,517,777.50                

 57794 313588RJ FNMA DISCOUNT       5.010  1/04/08  5.193 P-1  A-1+  25,000,000.00    99.58728 2  24,881,708.33  24,896,819.50       15,111.17

 60227 313588UP FNMA DISCOUNT       4.230  3/21/08  4.288 P-1  A-1+  25,000,000.00    98.73000 2  24,673,937.50  24,682,500.00        8,562.50

 60287 880592QA TENNESSEE VALLEY A  4.100 12/03/07  4.102 P-1  A-1+  10,000,000.00    99.97722 2   9,997,722.22   9,997,722.20               

                                                   ======           --------------               -------------- --------------   -------------

                                                    4.316            1030910000.00                1027496024.16  1027530204.30       34,180.77

 

   26 ITEMS IN SUBTOTAL FOR:  AGENCY DISCOUNT NOTES            (TYPE   35)

 

 

                                                 AGENCY MBS (30/360) 12X 1 (  36)

                                                 --------------------------------

 44831 3128GVTY FHLMC GOLD E91467   5.000  9/01/17  5.064 Aaa  AAA    3,826,830.14   100.26100 2   3,811,818.62   3,836,818.17       24,999.55

 55971 31392WB3 FNMA PAC(11) 2512   5.500  2/15/22  5.486 Aaa  AAA   10,717,000.00   101.66598 2  10,742,117.97  10,895,543.08      153,425.11

 52288 31392WJJ FHLMC SEQ 2509 CA   5.000  9/15/15  5.023 Aaa  AAA    1,398,004.40    99.90408 2   1,396,854.21   1,396,663.43         -190.78

 58242 31392X2Y FHLMC PAC11 2517 O  5.000  5/15/16  5.135 Aaa  AAA   14,691,629.10   100.13878 2  14,567,018.62  14,712,018.14      144,999.52

 52498 31392XB9 FHLMC PAC 11 2513   6.000  2/15/32  5.942 Aaa  AAA    5,160,507.30   101.69545 2   5,207,817.44   5,248,001.12       40,183.68

 

 

 

 

S T A T E   O F   A R I Z O N A

S T A T E   T R E A S U R E R ' S   O F F I C E

W A T E R M A R K   I N V E N T O R Y

INVESTMENTS OUTSTANDING AS OF 11/30/07  (SETTLEMENT BASIS)

*** CARRY-BASIS IS BOOK-VALUE AMORTIZED THROUGH 11/30/07 ***

*** LGIP (3) ***

 

                                                                                                                                   

==============================================================================================================================================

 Pos#   Sec-Id     Description      RATE  Maturity  YIELD MOO  S&P  POSITION-SIZE  #   PRICE   $  CARRY-BASIS    MARKET-VALUE  * $-ABOVE/BELOW

------ -------- ------------------ ------ -------- ------ ---- ---- -------------- - --------- - -------------- -------------- - -------------

 52532 31392XCA FHLMC PAC 11 2513   5.500  5/15/29  5.497 Aaa  AAA      708,079.50    99.87700 2     709,254.65     707,208.56       -2,046.09

 51054 31393KYD FHLMC SEQ 2574 HQ   4.500 11/15/16  4.583 Aaa  AAA    3,229,817.24    99.51233 2   3,213,129.78   3,214,066.39          936.61

 57953 31393LWC FHLMC PAC(11) 2592  5.000  7/15/14  5.089 Aaa  AAA   10,500,000.00    99.94759 2  10,453,854.14  10,494,496.95       40,642.81

 49881 31394PVR FHLMC PAC 11 2743   4.000  4/15/21  4.021 Aaa  AAA    2,524,669.00    99.64916 2   2,521,996.37   2,515,811.45       -6,184.92

 58207 31395CUZ FHLMC SEQ 2827 AT   5.000  4/15/22  5.138 Aaa  AAA   17,183,409.54    99.62099 2  16,955,871.76  17,118,282.70      162,410.94

 51053 31395FEC FHLMC PAC 11 2836   5.000  5/15/22  4.971 Aaa  AAA    5,435,460.29   100.00489 2   5,456,901.38   5,435,726.08      -21,175.30

 53323 31395HTQ FHLMC PAC 11 2894   5.500 12/15/24  5.508 Aaa  AAA    4,484,853.50   100.39173 2   4,485,814.45   4,502,422.02       16,607.57

 51769 31395JSK FHLMC EXCH,PAC 11   5.000  9/15/24  5.017 Aaa  AAA    4,501,690.90   100.08972 2   4,497,911.77