Principal | ||||||||||||||||
Interest | Amount | |||||||||||||||
Rate | Maturity | (000s) | Value | |||||||||||||
U.S. GOVERNMENT & AGENCY OBLIGATIONS - 68.2% |
||||||||||||||||
U.S. Government Agency Pass-Through Certificates - 48.8% |
||||||||||||||||
Federal Home Loan Mortgage Corporation |
||||||||||||||||
Pool A14559 |
6.50 | % | 09/01/33 | $ | 1,791 | $ | 1,834,538 | |||||||||
Pool C68878 |
7.00 | 06/01/32 | 383 | 396,687 | ||||||||||||
Pool C69047 |
7.00 | 06/01/32 | 981 | 1,013,405 | ||||||||||||
Pool G01466 |
9.50 | 12/01/22 | 973 | 1,054,843 | ||||||||||||
Pool 555559 |
10.00 | 03/01/21 | 996 | 1,107,594 | ||||||||||||
5,407,067 | ||||||||||||||||
Federal National Mortgage Association |
||||||||||||||||
TBA |
5.50 | 04/01/33 | 5,000 | 4,959,375 | ||||||||||||
TBA |
6.00 | 12/01/35 | 5,000 | 5,040,625 | ||||||||||||
Pool 694391 |
5.50 | 03/01/33 | 3,315 | 3,296,367 | ||||||||||||
Pool 753914 |
5.50 | 12/01/33 | 7,065 | @ | 7,024,454 | |||||||||||
Pool 754355 |
6.00 | 12/01/33 | 3,006 | 3,041,341 | ||||||||||||
Pool 761836 |
6.00 | 06/01/33 | 2,431 | 2,461,983 | ||||||||||||
Pool 763643 |
6.00 | 01/01/34 | 6,079 | @ | 6,143,906 | |||||||||||
Pool 255413 |
6.50 | 10/01/34 | 6,854 | @ | 7,005,291 | |||||||||||
Pool 795367 |
6.50 | 09/01/34 | 2,637 | 2,694,998 | ||||||||||||
Pool 809989 |
6.50 | 03/01/35 | 2,781 | 2,835,959 | ||||||||||||
Pool 626299 |
7.00 | 06/01/32 | 354 | 366,054 | ||||||||||||
Pool 635095 |
7.00 | 06/01/32 | 762 | 786,846 | ||||||||||||
Pool 641575 |
7.00 | 04/01/32 | 117 | 121,353 | ||||||||||||
Pool 645399 |
7.00 | 05/01/32 | 1,830 | 1,891,109 | ||||||||||||
Pool 645466 |
7.00 | 05/01/32 | 1,995 | 2,060,828 | ||||||||||||
Pool 650131 |
7.00 | 07/01/32 | 1,193 | 1,233,232 | ||||||||||||
Pool 819251 |
7.50 | 05/01/35 | 2,506 | 2,588,465 | ||||||||||||
Pool 887431 |
7.50 | 08/01/36 | 1,317 | 1,352,671 | ||||||||||||
Pool 398800 |
8.00 | 06/01/12 | 469 | 484,674 | ||||||||||||
Pool 827854 |
8.00 | 10/01/29 | 1,979 | 2,096,838 | ||||||||||||
Pool 636449 |
8.50 | 04/01/32 | 1,754 | 1,887,123 | ||||||||||||
Pool 823757 |
8.50 | 10/01/29 | 2,778 | 2,986,982 | ||||||||||||
Pool 458132 |
9.47 | 03/15/31 | 1,344 | 1,471,778 | ||||||||||||
63,832,252 | ||||||||||||||||
Total U.S. Government Agency Pass-Through Certificates |
||||||||||||||||
(Cost $69,955,671) |
69,239,319 | |||||||||||||||
U.S. Treasury Obligations - 19.4% |
||||||||||||||||
United States Treasury Notes |
4.50 | 02/15/16 | 3,000 | @ | 2,988,633 | |||||||||||
United States Treasury Notes |
4.63 | 11/15/16 | 24,500 | @ | 24,608,143 | |||||||||||
Total U.S. Treasury Obligations |
||||||||||||||||
(Cost $27,666,371) |
27,596,776 | |||||||||||||||
Total U.S. Government & Agency Obligations |
||||||||||||||||
(Cost $97,622,042) |
96,836,095 | |||||||||||||||
ASSET-BACKED SECURITIES - 9.9% |
||||||||||||||||
Housing Related Asset-Backed Securities - 8.5% |
||||||||||||||||
Asset Backed Funding Certificates |
||||||||||||||||
Series 2005-AQ1, Class B1* (b) |
5.75/6.25 | 06/25/35 | 993 | 863,608 | ||||||||||||
Series 2005-AQ1, Class B2* (b) |
5.75/6.25 | 06/25/35 | 1,050 | 905,083 | ||||||||||||
1,768,691 | ||||||||||||||||
First Franklin Mortgage Loan Asset Backed Certificates |
||||||||||||||||
Series 2004-FFH2C, Class B1* (a) |
8.82 | | 06/25/34 | 1,250 | 875,000 | |||||||||||
Green Tree Financial Corp. |
||||||||||||||||
Series 1997-3, Class M1 |
7.53 | 03/15/28 | 2,000 | 1,490,000 | ||||||||||||
Series 1995-6, Class M1 |
8.10 | 09/15/26 | 4,325 | 4,525,031 | ||||||||||||
6,015,031 | ||||||||||||||||
1
Principal | ||||||||||||||||
Interest | Amount | |||||||||||||||
Rate | Maturity | (000s) | Value | |||||||||||||
ASSET-BACKED SECURITIES (continued) |
||||||||||||||||
Mid-State Trust |
||||||||||||||||
Series 2004-1, Class M2 |
8.11 | % | 08/15/37 | $ | 1,322 | $ | 1,412,150 | |||||||||
Structured Asset Investment Loan Trust |
||||||||||||||||
Series 2004-4, Class B* (b) |
5.00/5.50 | 04/25/34 | 1,500 | 1,003,650 | ||||||||||||
Series 2004-8, Class B1(a) |
7.82 | | 09/25/34 | 1,000 | 983,800 | |||||||||||
1,987,450 | ||||||||||||||||
Total Housing Related Asset-Backed Securities |
||||||||||||||||
(Cost $12,795,508) |
12,058,322 | |||||||||||||||
Non-Housing Related Asset-Backed Securities - 1.4% |
||||||||||||||||
Airplanes Pass Through Trust |
||||||||||||||||
Series 1R, Class A8
(Cost $1,754,064) |
5.70 | | 03/15/19 | 2,021 | 1,965,723 | |||||||||||
Total Asset-Backed Securities |
||||||||||||||||
(Cost $14,549,572) |
14,024,045 | |||||||||||||||
COMMERCIAL MORTGAGE BACKED SECURITIES - 28.7% |
||||||||||||||||
Banc America Commercial Mortgage, Inc. |
||||||||||||||||
Series 2006-1, Class J* |
5.78 | 09/10/45 | 1,000 | 976,976 | ||||||||||||
Bear Stearns Commercial Mortgage Securities |
||||||||||||||||
Series 2006-PWR13, Class K |
5.26 | 09/11/41 | 347 | 295,533 | ||||||||||||
Series 2006-PWR11, Class H* |
5.63 | 03/11/39 | 1,100 | 1,061,605 | ||||||||||||
Series 2006-PWR13, Class H |
6.03 | 09/11/41 | 2,450 | 2,481,875 | ||||||||||||
Series 1999-C1, Class D |
6.53 | 02/14/31 | 2,500 | 2,672,050 | ||||||||||||
Series 2000-WF1, Class E |
7.89 | | 02/15/32 | 2,000 | 2,154,200 | |||||||||||
8,665,263 | ||||||||||||||||
CD 2006 CD2 |
||||||||||||||||
Series 2006-CD2, Class K* |
5.09 | 01/11/46 | 1,016 | 897,887 | ||||||||||||
Series 2006-CD2, Class L* |
5.09 | 01/15/46 | 991 | 834,725 | ||||||||||||
Series 2006-CD2, Class J* |
5.48 | 01/11/46 | 1,000 | 962,044 | ||||||||||||
2,694,656 | ||||||||||||||||
Credit Suisse Mortgage Capital Certificates |
||||||||||||||||
Series 2006-C4, Class L* |
5.15 | 09/15/39 | 513 | 439,475 | ||||||||||||
Series 2006-C4, Class M* |
5.15 | 09/15/39 | 565 | 472,077 | ||||||||||||
Series 2006-C1, Class K* |
5.56 | | 02/15/16 | 2,358 | 2,281,643 | |||||||||||
Series 2006-C4, Class K* |
6.30 | 09/15/39 | 2,970 | 2,972,554 | ||||||||||||
6,165,749 | ||||||||||||||||
GE Capital Commercial Mortgage Corp. |
||||||||||||||||
Series 2002-2A, Class G* |
6.04 | 08/11/36 | 3,000 | 3,115,650 | ||||||||||||
Series 2000-1, Class G* |
6.13 | 01/15/33 | 1,000 | 615,000 | ||||||||||||
Series 2002-2A, Class H* |
6.31 | 08/11/36 | 2,000 | 2,091,612 | ||||||||||||
5,822,262 | ||||||||||||||||
GMAC Commercial Mortgage Securities |
||||||||||||||||
Series 2006-C1, Class G* |
5.61 | 11/10/45 | 2,500 | 2,464,855 | ||||||||||||
JP Morgan Chase Commercial Mortgage Securities |
||||||||||||||||
Series 2003-LN1, Class G* |
5.43 | | 10/15/37 | 1,600 | 1,602,374 | |||||||||||
Series 2006-CIBC14, Class H* |
5.54 | | 12/12/44 | 1,211 | 1,177,390 | |||||||||||
2,779,764 | ||||||||||||||||
Morgan Stanley Capital I |
||||||||||||||||
Series 2004-HQ4, Class G* |
5.53 | 09/14/14 | 1,000 | 991,447 | ||||||||||||
Series 1999-FNV1, Class E |
7.57 | | 03/15/31 | 2,000 | 2,082,380 | |||||||||||
3,073,827 | ||||||||||||||||
Nationslink Funding Corp. |
||||||||||||||||
Series 1998-2, Class E |
7.11 | 08/20/30 | 4,000 | 4,134,004 | ||||||||||||
UBS 400 Atlantic Street Mortgage Trust |
||||||||||||||||
Series 2002-C1A, Class B3* |
7.19 | 01/11/22 | 2,000 | 2,116,960 |
2
Principal | ||||||||||||||||
Interest | Amount | |||||||||||||||
Rate | Maturity | (000s) | Value | |||||||||||||
COMMERCIAL MORTGAGE BACKED SECURITIES (continued) |
||||||||||||||||
Wachovia Bank Commercial Mortgage Trust |
||||||||||||||||
Series 2005-C16, Class H* |
5.30 | % | 10/15/41 | $ | 2,000 | $ | 1,941,686 | |||||||||
Total Commercial Mortgage Backed Securities |
||||||||||||||||
(Cost $40,311,948) |
40,836,002 | |||||||||||||||
NON-AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES - 28.6% |
||||||||||||||||
Subordinated Collateralized Mortgage Obligations - 28.6% |
||||||||||||||||
Banc of America Funding Corp. |
||||||||||||||||
Series 2005-2, Class B4 |
5.66 | | 04/25/35 | 859 | 719,282 | |||||||||||
Series 2005-2, Class B5 |
5.66 | | 04/25/35 | 688 | 446,062 | |||||||||||
Series 2005-2, Class B6 |
5.66 | | 04/25/35 | 517 | 169,196 | |||||||||||
1,334,540 | ||||||||||||||||
Bank of America Alternative Loan Trust |
||||||||||||||||
Series 2004-3, Class 30B4 |
5.50 | 04/25/34 | 981 | 775,726 | ||||||||||||
Series 2004-3, Class 30B5 |
5.50 | 04/25/34 | 688 | 356,158 | ||||||||||||
1,131,884 | ||||||||||||||||
Bank of America Mortgage Securities, Inc. |
||||||||||||||||
Series 2004-A, Class B4 |
4.09 | | 02/25/34 | 1,889 | 1,810,030 | |||||||||||
Series 2003-10, Class 1B4 |
5.50 | 01/25/34 | 547 | 453,612 | ||||||||||||
Series 2002-10, Class 1B3 |
6.00 | 11/25/32 | 1,413 | 1,407,761 | ||||||||||||
3,671,403 | ||||||||||||||||
Cendant Mortgage Corp. |
||||||||||||||||
Series 2002-4, Class B1 |
6.50 | 07/25/32 | 2,533 | 2,522,847 | ||||||||||||
Series 2002-4, Class B2 |
6.50 | 07/25/32 | 1,013 | 1,009,139 | ||||||||||||
Series 2002-4, Class B3 |
6.50 | 07/25/32 | 591 | 600,880 | ||||||||||||
Series 2002-4, Class B4 |
6.50 | 07/25/32 | 338 | 341,533 | ||||||||||||
Series 2002-4, Class B5 |
6.50 | 07/25/32 | 253 | 248,229 | ||||||||||||
Series 2002-4, Class B6* |
6.50 | 07/25/32 | 338 | 287,068 | ||||||||||||
5,009,696 | ||||||||||||||||
First Horizon Alternative Mortgage Securities |
||||||||||||||||
Series 2005-AA6, Class B4 |
5.45 | | 08/25/35 | 846 | 774,262 | |||||||||||
Series 2005-AA6, Class B5 |
5.45 | | 08/25/35 | 796 | 635,254 | |||||||||||
Series 2005-AA6, Class B6 |
5.45 | | 08/25/35 | 497 | 141,505 | |||||||||||
1,551,021 | ||||||||||||||||
First Horizon Mortgage Pass-Through Trust |
||||||||||||||||
Series 2005-4, Class B4* |
5.45 | | 07/25/35 | 417 | 350,106 | |||||||||||
Series 2005-5, Class B4* |
5.46 | | 10/25/35 | 715 | 597,905 | |||||||||||
Series 2005-5, Class B5* |
5.46 | | 10/25/35 | 536 | 339,643 | |||||||||||
Series 2005-5, Class B6* |
5.46 | | 10/25/35 | 537 | 158,481 | |||||||||||
1,446,135 | ||||||||||||||||
G3 Mortgage Reinsurance Ltd. |
||||||||||||||||
Series 1, Class E* |
25.32 | | 05/25/08 | 4,097 | 4,363,535 | |||||||||||
Harborview Mortgage Loan Trust |
||||||||||||||||
Series 2005-14, Class B4* |
5.58 | | 12/19/35 | 394 | 340,272 | |||||||||||
Series 2005-1, Class B4* (a) |
7.07 | | 03/19/35 | 615 | 564,014 | |||||||||||
Series 2005-1, Class B5* (a) |
7.07 | | 03/19/35 | 894 | 734,677 | |||||||||||
Series 2005-1, Class B6* (a) |
7.07 | | 03/19/35 | 1,118 | 279,600 | |||||||||||
Series 2005-2, Class B4* (a) |
7.07 | | 05/19/35 | 1,488 | 1,344,741 | |||||||||||
3,263,304 | ||||||||||||||||
JP Morgan Mortgage Trust |
||||||||||||||||
Series 2003-A1, Class B4 |
4.47 | | 10/25/33 | 533 | 480,975 | |||||||||||
Series 2006-A6, Class B5 |
6.03 | 10/25/36 | 915 | 681,872 | ||||||||||||
Series 2006-A6, Class B6 |
6.03 | 10/25/36 | 1,145 | 423,501 | ||||||||||||
1,586,348 | ||||||||||||||||
3
Principal | ||||||||||||||||
Interest | Amount | |||||||||||||||
Rate | Maturity | (000s) | Value | |||||||||||||
NON-AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES (continued) |
||||||||||||||||
Residential Funding Mortgage Securities I, Inc. |
||||||||||||||||
Series 2004-S1, Class B2 |
5.25 | % | 02/25/34 | $ | 443 | $ | 299,408 | |||||||||
Series 2003-S7, Class B2 |
5.50 | 05/25/33 | 516 | 216,749 | ||||||||||||
Series 2003-S7, Class B3 |
5.50 | 05/25/33 | 313 | 213,469 | ||||||||||||
Series 2006-SA1, Class B2* |
5.67 | 02/25/36 | 823 | 647,320 | ||||||||||||
Series 2006-SA1, Class B3* |
5.67 | 02/25/36 | 686 | 250,412 | ||||||||||||
1,627,358 | ||||||||||||||||
Resix Finance Limited Credit-Linked Note |
||||||||||||||||
Series 2005-C, Class B7* |
8.42 | | 09/10/37 | 1,960 | 1,960,395 | |||||||||||
Series 2004-C, Class B7* |
8.82 | | 09/10/36 | 965 | 984,558 | |||||||||||
Series 2006-C, Class B9* |
9.47 | | 07/15/38 | 1,499 | 1,509,890 | |||||||||||
Series 2004-B, Class B8* |
10.07 | | 02/10/36 | 781 | 804,348 | |||||||||||
Series 2003-CB1, Class B8* |
12.07 | | 06/10/35 | 936 | 978,289 | |||||||||||
Series 2004-B, Class B9* |
13.57 | | 02/10/36 | 1,196 | 1,256,076 | |||||||||||
Series 2004-A, Class B10* |
16.82 | | 02/10/36 | 478 | 508,883 | |||||||||||
8,002,439 | ||||||||||||||||
Structured Asset Mortgage Investments, Inc. |
||||||||||||||||
Series 2002-AR1, Class B4 |
7.16 | | 03/25/32 | 288 | 287,310 | |||||||||||
Structured Asset Securities Corporation
|
||||||||||||||||
Series 2005-6, Class B5 |
5.34 | | 05/25/35 | 488 | 400,405 | |||||||||||
Series 2005-6, Class B6 |
5.34 | | 05/25/35 | 488 | 316,040 | |||||||||||
Series 2005-6, Class B7 |
5.34 | | 05/25/35 | 340 | 101,956 | |||||||||||
818,401 | ||||||||||||||||
Washington Mutual Mortgage Securities Corp. |
||||||||||||||||
Series 2002-AR12, Class B4 |
4.65 | | 10/25/32 | 715 | 709,492 | |||||||||||
Series 2002-AR12, Class B5 |
4.65 | | 10/25/32 | 536 | 532,903 | |||||||||||
Series 2002-AR12, Class B6 |
4.65 | | 10/25/32 | 894 | 697,499 | |||||||||||
Series 2002-AR10, Class B4* |
4.92 | | 10/25/32 | 658 | 652,340 | |||||||||||
Series 2002-AR10, Class B5* |
4.92 | | 10/25/32 | 493 | 485,870 | |||||||||||
Series 2002-AR10, Class B6* |
4.92 | | 10/25/32 | 823 | 699,452 | |||||||||||
Series 2002-AR11, Class B5 |
5.11 | | 10/25/32 | 409 | 407,952 | |||||||||||
Series 2002-AR11, Class B6 |
5.11 | | 10/25/32 | 549 | 467,067 | |||||||||||
Series 2005-AR2, Class B10* (a) |
6.55 | | 01/25/45 | 1,750 | 1,585,041 | |||||||||||
6,237,616 | ||||||||||||||||
Wells Fargo Mortgage Backed Securities Trust |
||||||||||||||||
Series 2002, Class B5 |
6.00 | 06/25/32 | 352 | 349,286 | ||||||||||||
Total Subordinated Collateralized Mortgage Obligations |
||||||||||||||||
(Cost $39,883,470) |
40,680,276 | |||||||||||||||
Total Non-Agency Residential Mortgage Backed Securities |
||||||||||||||||
(Cost $39,883,470) |
40,680,276 | |||||||||||||||
SHORT TERM INVESTMENT - 0.1% |
||||||||||||||||
United States Treasury Bill (cost $99,813) |
4.63 | 03/15/07 | 100 | # | 99,800 | |||||||||||
Total Investments - 135.5% |
||||||||||||||||
(Cost $192,466,845) |
192,476,218 | |||||||||||||||
Liabilities in Excess of Other Assets (35.5)% |
(50,437,857 | ) | ||||||||||||||
NET ASSETS - 100.0% |
$ | 142,038,361 | ||||||||||||||
@ | Portion or entire principal amount delivered as collateral for reverse repurchase agreements. | |
| Variable Rate Security: Interest rate is the rate in effect as of February 28, 2007. | |
* | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold in transactions exempt from registration,
normally to qualified institutional buyers. |
|
(a) | Security is a step up bond where coupon increases or steps up at a predetermined date. At that date these coupons increase to LIBOR plus a predetermined margin. |
|
(b) | Security is a step up bond where coupon increases or steps up at a predetermined date. Rates shown are current coupon and next coupon rate when security steps
up. |
|
# | Portion or entire principal amount is held as collateral for open futures contracts. |
|
TBA | Settlement is on a delayed delivery or when-issued basis with a final maturity To Be Announced. |
|
/\ | At February 28, 2007, the aggregate cost of investments for
income tax purposes was $192,466,845. Net unrealized
appreciation aggregated $9,373 of which $3,074,523 related to
appreciated investment securities and $3,065,150 related to |
|
depreciated investment securities. |
4
Face Value | Description | Maturity Amount | ||||||
$ | 2,238,000 | CS First Boston 5.30%, dated
02/27/07, maturity date
03/27/07
|
$ 2,247,226 | |||||
24,592,000 | Greenwich Capital 5.13%, dated
02/22/07, maturity date 03/01/07
|
24,616,507 | ||||||
2,970,000 | Greenwich Capital 4.75%, dated
02/26/07, maturity date 03/01/07
|
2,971,176 | ||||||
6,789,000 | Lehman Brothers 5.30%, dated
02/20/07, maturity date 03/20/07
|
6,816,986 | ||||||
5,959,000 | Morgan Stanley 5.30%, dated
02/20/07, maturity date
03/20/07
|
5,983,564 | ||||||
$ | 42,548,000 | |||||||
Maturity Amount, Including Interest
Payable
|
$ 42,635,459 | |||||||
Market Value of Assets Sold Under
Agreements
|
$ 43,076,969 | |||||||
Weighted Average Interest
Rate
|
5.16 | % | ||||||
Net | ||||||||||||
Unrealized | ||||||||||||
Expiration | Appreciation/ | |||||||||||
Notional Amount | Date | Description | Depreciation | |||||||||
$ | 5,000,000 | 10/15/48 | Agreement with Bear Stearns and Co., dated 11/28/06 to receive monthly the notional amount multiplied by 0.750% and pay in the event of a write down or failure to pay a principal payment or Wachovia Bank Commercial Mortgage Trust 5.977%, 10/15/48. | $ | 35,180 | |||||||
5,000,000 | 10/12/41 | Agreement with Greenwich Capital, Inc., dated 12/1/06 to receive monthly the notional amount multiplied by 0.750% and pay in the event of a write down, failure to pay a principal payment or an interest shortfall on BSCMS 2006-T24 H. | (123,251 | ) | ||||||||
5,000,000 | 8/12/41 | Agreement with Greenwich Capital, Inc., dated 12/1/06 to receive monthly the notional amount multiplied by 0.750% and pay in the event of a write down, failure to pay a principal payment or an interest shortfall on MSC 2006-T23 H. | (110,151 | ) | ||||||||
20,000,000 | 10/11/10 | Agreement with Morgan Stanley Capital Services, Inc., dated 10/07/05 to pay semi-annually the notional amount multiplied by 4.716% and to receive quarterly the notional amount multiplied by 3 month USD-LIBOR-BBA. | (63,981 | ) | ||||||||
11,000,000 | 12/15/14 | Agreement with Morgan Stanley Capital Services, Inc., dated 12/13/04 to pay semi-annually the notional amount multiplied by 4.555% and to receive quarterly the notional amount multiplied by 3 month USD-LIBOR-BBA. | 365,338 |
Net | ||||||||||||
Unrealized | ||||||||||||
Expiration | Appreciation/ | |||||||||||
Notional Amount | Date | Description | Depreciation | |||||||||
5,000,000 | 3/15/49 | Agreement with Royal Bank of Scotland, dated 2/28/07 to receive monthly the notional amount multiplied by 0.870% and pay in the event of a write down, failure to pay a principal payment or an interest shortfall on CMBX-2006.02. | $ (210,678 | ) | ||||||||
$ (107,543 | ) | |||||||||||
Notional | Cost at | Value at | Unrealized | |||||||||||||
Amount | Type | Expiration Date | Trade Date | February 28, 2007 | Appreciation | |||||||||||
$16,000,000
|
5 Yr. U.S. Treasury Note | June 2007 | $ | 16,818,704 | $ | 16,952,500 | $ | 133,796 |
Item 2. | Controls and Procedures. |
Item 3. | Exhibits |
By: | /s/ Clifford E. Lai | |||
Clifford E. Lai | ||||
Principal Executive Officer | ||||
By: | /s/ Clifford E. Lai | |||
Clifford E. Lai | ||||
Principal Executive Officer | ||||
Date: April 18, 2007 | ||||
By: | /s/ Thomas F. Doodian | |||
Thomas F. Doodian | ||||
Treasurer and Principal Financial Officer | ||||
Date: April 18, 2007 | ||||