|
|
|
Xavier
Student Investment Fund
|
Current
Position
(May 7, 2008)
|
|
XSIF |
Index |
| _________________________________________________________________________________________________ |
| Market Value |
$1,134,000 |
- |
| Par Value |
$1,056,000 |
- |
| Number of Bonds |
42 |
- |
| Average Coupon |
5.45 |
5.41 |
| Average
Quality Rating |
AA2 |
AA1 |
| YTM |
4.40 |
4.16 |
| YTM/YTC |
4.15 |
3.83 |
| Modified
Duration |
5.59 |
5.40 |
| Convexity |
0.28 |
0.26 |
| _________________________________________________________________________________________________ |
| Sector Allocations |
|
Cash |
0.035 |
- |
|
Treasuries |
0.367 |
0.409 |
|
Agencies |
0.096 |
0.238 |
|
Corporate |
0.502 |
0.353 |
| _________________________________________________________________________________________________ |
| Quality
Allocations |
|
AAA |
0.036 |
0.047 |
|
AA |
0.143 |
0.086 |
|
A |
0.212 |
0.151 |
|
BBB |
0.121 |
0.136 |
|
BB |
0.080
*(Centex Homes) |
0.000 |
| _________________________________________________________________________________________________ |
| Duration
Distribution |
|
0-1 |
0.023 |
0.037 |
|
1-2 |
0.047 |
0.180 |
|
2-3 |
0.027 |
0.124 |
|
3-4 |
0.255 |
0.119 |
|
4-5 |
0.079 |
0.099 |
|
5-6 |
0.109 |
0.068 |
|
6-7 |
0.092 |
0.094 |
|
7-8 |
0.149 |
0.086 |
|
8-9 |
0.056 |
0.027 |
|
9-10 |
0.047 |
0.018 |
|
10+ |
0.081 |
0.148 |
| _________________________________________________________________________________________________ |
| Corporate
Sector Distribution |
0.502 |
0.353 |
|
Industrials |
0.291 |
0.178 |
|
Utilities |
0.057 |
0.036 |
|
Financials |
0.154 |
0.139 |
* We continue to hold Centex Homes (despite
a quality level below our investment parameters) due to the relatively
short period until it matures. Our Centex bond matures on 11/01/2010.
We feel that Centex is not a credit risk and rather than selling at a
loss, we will wait until maturity to collect back the principle amount
plus all coupon payments.
|
|
