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 12/31/07  (SETTLEMENT BASIS)

*** CARRY-BASIS IS BOOK-VALUE AMORTIZED THROUGH 12/31/07 ***

*** LGIP (5) ***

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

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

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

 

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

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

 60306 3128X1CD FHLMC               3.500  5/21/08  4.330 Aaa  AAA   25,000,000.00    99.51200 2  24,920,942.20  24,878,000.00      -42,942.20

 60103 3133XN3J FHLB                4.350  5/19/08  4.350 Aaa  AAA    9,000,000.00    99.90625 2   9,000,000.00   8,991,562.50       -8,437.50

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

                                                    4.335            34,000,000.00                33,920,942.20  33,869,562.50      -51,379.70

 

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

 

 

                                                 AGENCY STEP UP NOTE (30/3 (  22)

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

 60277 3133XCNT FHLB STEP CPN       4.750  2/08/08  4.486 Aaa  AAA    7,120,000.00   100.00000 2   7,121,433.24   7,120,000.00       -1,433.24

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

                                                    4.486             7,120,000.00                 7,121,433.24   7,120,000.00       -1,433.24

 

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

 

 

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

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

 59838 3128X1JB FHLMC               2.850  6/03/08  4.729 Aaa  AAA    4,500,000.00    99.18200 2   4,465,290.87   4,463,190.00       -2,100.87

 55343 3128X4F4 FHLMC               5.000  2/08/08  5.255 Aaa  AAA   24,800,000.00   100.03400 2  24,793,586.17  24,808,432.00       14,845.83

 59877 3133MVZA FHLB                3.375  2/15/08  4.725 Aaa  AAA   21,000,000.00    99.84375 2  20,965,210.62  20,967,187.50        1,976.88

 57940 3133XJZT FHLB                5.125  2/22/08  5.271 Aaa  AAA   18,485,000.00   100.06250 2  18,481,043.96  18,496,553.12       15,509.16

 58017 3133XKP8 FHLB                4.875 11/19/08  5.023 Aaa  AAA   25,000,000.00   100.65625 2  24,968,883.85  25,164,062.50      195,178.65

 58040 31359M5T FNMA                5.125  9/02/08  5.117 Aaa  AAA   15,000,000.00   100.53125 2  15,000,154.09  15,079,687.50       79,533.41

 54996 31359MF3 FNMA                5.000  7/25/08  5.220 Aaa  AAA   15,000,000.00   100.34375 2  14,982,148.68  15,051,562.50       69,413.82

 57916 31359MQM FNMA                3.250  1/15/08  5.260 Aaa  AAA   10,000,000.00    99.93750 2   9,992,542.41   9,993,750.00        1,207.59

 58023 31359MU4 FNMA                5.500  1/15/08  5.281 Aaa  AAA   10,000,000.00   100.03125 2  10,000,764.66  10,003,125.00        2,360.34

 60273 31359MU4 FNMA                5.500  1/15/08  4.496 Aaa  AAA   20,000,000.00   100.03125 2  20,006,905.10  20,006,250.00         -655.10

 56099 31359MU9 FNMA                5.400  2/01/08  5.166 Aaa  AAA   20,000,000.00   100.06250 2  20,003,735.70  20,012,500.00        8,764.30

 55022 31359MX4 FNMA                5.000  9/15/08  5.047 Aaa  AAA   10,000,000.00   100.71875 2   9,996,894.12  10,071,875.00       74,980.88

 60276 31359MXP FNMA                3.875  2/01/08  4.502 Aaa  AAA    4,149,000.00    99.93750 2   4,146,650.49   4,146,406.88         -243.61

 60464 31359MZT FNMA                4.625  1/15/08  4.418 Aaa  AAA   50,233,000.00   100.00000 2  50,235,257.98  50,233,000.00       -2,257.98

 58067 3136F3CT FNMA                3.250  3/17/08  5.230 Aaa  AAA    2,000,000.00    99.71875 2   1,992,033.62   1,994,375.00        2,341.38

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

                                                    4.913           250,167,000.00               250,031,102.32 250,491,957.00      460,854.68

 

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

 

 

 

 

 

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 12/31/07  (SETTLEMENT BASIS)

*** CARRY-BASIS IS BOOK-VALUE AMORTIZED THROUGH 12/31/07 ***

*** LGIP (5) ***

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

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

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

 

                                                 AGENCY NOTES (30/360) @ M (  28)

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

 60215 3133XNEU FHLB                4.450  3/26/08  4.450 Aaa  AAA   41,000,000.00    99.84375 2  41,000,000.00  40,935,937.50      -64,062.50

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

                                                    4.450            41,000,000.00                41,000,000.00  40,935,937.50      -64,062.50

 

    1 ITEM IN SUBTOTAL FOR:   AGENCY NOTES (30/360) @ MATURITY (TYPE   28)

 

 

                                                 AGENCY NOTE-VAR (ACT/360) (  30)

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

 59303 3128X5Y6 FHLMC FLOATING QRT  4.670  9/30/08  4.700 Aaa  AAA   10,000,000.00    99.99200 2   9,995,810.39   9,999,200.00        3,389.61

 59322 3128X5Y6 FHLMC FLOATING QRT  4.670  9/30/08  4.699 Aaa  AAA   10,000,000.00    99.99200 2   9,995,870.88   9,999,200.00        3,329.12

 59471 31331X3P FFCB FLOATING QRTL  4.290  3/17/09  4.280 Aaa  AAA   25,000,000.00    99.98300 2  25,000,000.00  24,995,750.00       -4,250.00

 59298 3133XK7D FHLB FLOATING QRTL  4.841  9/17/08  4.862 Aaa  AAA   20,000,000.00   100.06250 2  19,993,629.67  20,012,500.00       18,870.33

 60140 3133XL6T FHLB FLOATING QRTL  4.831 12/15/08  4.704 Aaa  AAA   20,000,000.00   100.06100 2  20,021,029.03  20,012,200.00       -8,829.03

 59314 3133XLMS FHLB FLOATING QRTL  5.074  1/05/09  5.112 Aaa  AAA   20,000,000.00   100.01200 2  19,986,703.82  20,002,400.00       15,696.18

 59416 3133XLMS FHLB FLOATING QRTL  5.074  1/05/09  5.113 Aaa  AAA   15,000,000.00   100.01200 2  14,990,901.64  15,001,800.00       10,898.36

 59113 3133XLX9 FHLB FLOATING QRTL  4.767  2/11/09  4.740 Aaa  AAA   20,000,000.00   100.00900 2  20,000,000.00  20,001,800.00        1,800.00

 59658 3133XLX9 FHLB FLOATING QRTL  4.767  2/11/09  4.681 Aaa  AAA   29,000,000.00   100.00900 2  29,019,945.43  29,002,610.00      -17,335.43

 59960 3133XMW3 FHLB FLOATING QRTL  4.707  5/13/09  4.689 Aaa  AAA   20,000,000.00    99.95600 2  20,000,000.00  19,991,200.00       -8,800.00

 60141 3133XNCD FHLB FLOATING QRTL  4.739  5/20/09  4.721 Aaa  AAA   20,000,000.00    99.95700 2  20,000,000.00  19,991,400.00       -8,600.00

 60146 3133XNDG FHLB FLOATING QRTL  4.802 11/20/09  4.788 Aaa  AAA   15,000,000.00    99.90900 2  15,000,000.00  14,986,350.00      -13,650.00

 60481 3133XNFK FHLB FLOATING QRTL  4.785 11/26/08  4.728 Aaa  AAA   25,000,000.00    99.97700 2  25,005,861.84  24,994,250.00      -11,611.84

 60498 3133XNUM FHLB FLOATIMG QRTL  4.674 12/24/08  4.661 Aaa  AAA   25,000,000.00    99.83000 2  25,000,000.00  24,957,500.00      -42,500.00

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

                                                    4.732           274,000,000.00               274,009,752.70 273,948,160.00      -61,592.70

 

   14 ITEMS IN SUBTOTAL FOR:  AGENCY NOTE-VAR (ACT/360) 4X     (TYPE   30)

 

 

                                                 AGENCY DISCOUNT NOTES     (  35)

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

 59952 313384RG FHLB DISCOUNT       4.350  1/02/08  4.383 P-1  A-1+  60,000,000.00    99.98792 2  59,992,750.00  59,992,750.20               

 59988 313384RJ FHLB DISCOUNT       4.370  1/04/08  4.404 P-1  A-1+  20,000,000.00    99.96367 2  19,992,716.67  19,992,733.40           16.73

 60000 313384RJ FHLB DISCOUNT       4.360  1/04/08  4.392 P-1  A-1+  30,000,000.00    99.96367 2  29,989,100.00  29,989,100.10               

 60576 313384RM FHLB DISCOUNT       3.500  1/07/08  3.502 P-1  A-1+  50,000,000.00    99.94167 2  49,970,833.33  49,970,833.50               

 

 

 

 

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 12/31/07  (SETTLEMENT BASIS)

*** CARRY-BASIS IS BOOK-VALUE AMORTIZED THROUGH 12/31/07 ***

*** LGIP (5) ***

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

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

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

 60456 313384RP FHLB DISCOUNT       4.260  1/09/08  4.271 P-1  A-1+   5,000,000.00    99.90444 2   4,995,266.67   4,995,222.20          -44.47

 60512 313384RU FHLB DISCOUNT       4.250  1/14/08  4.260 P-1  A-1+  50,000,000.00    99.84653 2  49,923,263.89  49,923,264.00                

 60517 313384RX FHLB DISCOUNT       4.350  1/17/08  4.362 P-1  A-1+  50,000,000.00    99.80667 2  49,903,333.33  49,903,333.50               

 60515 313384SF FHLB DISCOUNT       4.340  1/25/08  4.356 P-1  A-1+  50,000,000.00    99.71067 2  49,855,333.34  49,855,333.50               

 60309 313384SN FHLB DISCOUNT       4.290  2/01/08  4.322 P-1  A-1+  50,000,000.00    99.63489 2  49,815,291.67  49,817,444.50        2,152.83

 60376 313384SN FHLB DISCOUNT       4.240  2/01/08  4.269 P-1  A-1+  35,000,000.00    99.63489 2  34,872,211.11  34,872,211.15               

 60461 313384SS FHLB DISCOUNT       4.260  2/05/08  4.285 P-1  A-1+  22,988,000.00    99.58583 2  22,892,791.36  22,892,791.29               

 60266 313384TQ FHLB DISCOUNT       4.296  2/27/08  4.343 P-1  A-1+ 100,000,000.00    99.31980 2  99,319,800.00  99,319,800.00               

 60494 313384US FHLB DISCOUNT       4.260  3/24/08  4.308 P-1  A-1+  10,000,000.00    99.02014 2   9,901,783.34   9,902,013.90          230.56

 60495 313384US FHLB DISCOUNT       4.250  3/24/08  4.298 P-1  A-1+  50,000,000.00    99.02014 2  49,510,069.45  49,510,069.50               

 60496 313384YJ FHLB DISCOUNT       4.125  6/20/08  4.213 P-1  A-1+  48,279,000.00    98.13000 2  47,333,033.35  47,376,182.70       43,149.35

 60577 313396RV FHLMC DISCOUNT      3.750  1/15/08  3.756 P-1  A-1+ 120,000,000.00    99.85417 2 119,825,000.00 119,825,000.40               

 60519 313396SD FHLMC DISCOUNT      4.350  1/23/08  4.365 P-1  A-1+  50,000,000.00    99.73417 2  49,867,083.33  49,867,083.50               

 60538 313396SE FHLMC DISCOUNT      4.300  1/24/08  4.314 P-1  A-1+  25,000,000.00    99.72528 2  24,931,319.45  24,931,319.50               

 60534 313396TJ FHLMC DISCOUNT      4.290  2/21/08  4.319 P-1  A-1+  25,000,000.00    99.39225 2  24,848,062.50  24,848,062.50               

 60239 313396TN FHLMC DISCOUNT      4.282  2/25/08  4.328 P-1  A-1+  28,550,000.00    99.34581 2  28,363,227.49  28,363,227.61               

 60416 313396UC FHLMC DISCOUNT      4.100  3/10/08  4.142 P-1  A-1+  45,000,000.00    99.21417 2  44,646,375.00  44,646,375.15               

 60578 313396UK FHLMC DISCOUNT      4.120  3/17/08  4.157 P-1  A-1+  30,000,000.00    99.13022 2  29,739,066.67  29,739,066.60               

 58314 313396WF FHLMC DISCOUNT      5.030  4/30/08  5.274 P-1  A-1+  40,000,000.00    98.64000 2  39,329,333.33  39,456,000.00      126,666.67

 59905 313588RJ FNMA DISCOUNT       4.370  1/04/08  4.407 P-1  A-1+  50,000,000.00    99.96358 2  49,981,791.67  49,981,791.50               

 60478 313588SE FNMA DISCOUNT       4.300  1/24/08  4.318 P-1  A-1+  75,000,000.00    99.72783 2  74,793,958.33  74,795,874.75        1,916.42

 60547 313588SJ FNMA DISCOUNT       4.290  1/28/08  4.306 P-1  A-1+  35,000,000.00    99.67825 2  34,887,387.50  34,887,387.50               

 60327 313588SL FNMA DISCOUNT       4.260  1/30/08  4.289 P-1  A-1+  20,000,000.00    99.65683 2  19,931,366.67  19,931,366.60               

 60532 313588SS FNMA DISCOUNT       4.290  2/05/08  4.311 P-1  A-1+  25,000,000.00    99.58292 2  24,895,729.16  24,895,729.25               

 60536 313588ST FNMA DISCOUNT       4.290  2/06/08  4.311 P-1  A-1+  25,000,000.00    99.57100 2  24,892,749.99  24,892,750.00               

 60542 313588SU FNMA DISCOUNT       4.290  2/07/08  4.312 P-1  A-1+  25,000,000.00    99.55908 2  24,889,770.83  24,889,770.75               

 60540 313588SV FNMA DISCOUNT       4.290  2/08/08  4.312 P-1  A-1+  25,000,000.00    99.54717 2  24,886,791.66  24,886,791.75               

 60375 313588VA FNMA DISCOUNT       4.110  4/01/08  4.166 P-1  A-1+  75,000,000.00    98.98000 2  74,220,812.50  74,235,000.00       14,187.50

 60311 313588YQ FNMA DISCOUNT       3.990  6/26/08  4.085 P-1  A-1+  25,000,000.00    98.06000 2  24,509,562.50  24,515,000.00        5,437.50

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

                                                    4.251            1374817000.00                1367706966.09  1367900680.80      193,713.09

 

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

 

 

                                                 AGENCY ZEROES & STRIPS (A (  45)

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

 58475 31358DCM FNMA                       2/15/08  5.324 Aaa  AAA   20,000,000.00    99.36634 2  19,873,268.29  19,873,268.20            -.09

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

                                                    5.324            20,000,000.00                19,873,268.29  19,873,268.20            -.09

 

    1 ITEM IN SUBTOTAL FOR:   AGENCY ZEROES & STRIPS (ACT/ACT) (TYPE   45)

 

 

 

 

 

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 12/31/07  (SETTLEMENT BASIS)

*** CARRY-BASIS IS BOOK-VALUE AMORTIZED THROUGH 12/31/07 ***

*** LGIP (5) ***

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

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

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

 

                                                 CORPORATE NOTES (30/360)  (  50)

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

 58250 637432CY NATIONAL RURAL UTI  3.875  2/15/08  5.422 A1   A+    20,861,000.00    99.82813 2  20,822,463.78  20,825,145.16        2,681.38

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

                                                    5.422            20,861,000.00                20,822,463.78  20,825,145.16        2,681.38

 

    1 ITEM IN SUBTOTAL FOR:   CORPORATE NOTES (30/360) 2X      (TYPE   50)