-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MFmqx0W6zU3AhxXHVEwoQ5MlC4Lcxm51LZFPbFgnKLouOUzjA9rW3fhmQZaz0fls QHOXOmaXOXEjpnLcYvBo+A== 0000950152-07-009305.txt : 20071128 0000950152-07-009305.hdr.sgml : 20071128 20071128133355 ACCESSION NUMBER: 0000950152-07-009305 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070930 FILED AS OF DATE: 20071128 DATE AS OF CHANGE: 20071128 EFFECTIVENESS DATE: 20071128 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COVENTRY FUNDS TRUST CENTRAL INDEX KEY: 0000927290 IRS NUMBER: 311642525 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-08644 FILM NUMBER: 071270996 BUSINESS ADDRESS: STREET 1: 3435 STELZER ROAD CITY: COLUMBUS STATE: OH ZIP: 43219-3035 BUSINESS PHONE: 6144708000 MAIL ADDRESS: STREET 1: 3435 STELZER ROAD CITY: COLUMBUS STATE: OH ZIP: 43219-3035 FORMER COMPANY: FORMER CONFORMED NAME: VARIABLE INSURANCE FUNDS DATE OF NAME CHANGE: 19940721 0000927290 S000003646 Free Enterprise Action Fund C000010132 Class 1 0000927290 S000016942 EM Capital India Gateway Fund C000047129 Class A C000047130 Class C C000047131 Class I N-Q 1 l28877anvq.htm THE COVENTRY FUNDS TRUST N-Q The Coventry Funds Trust N-Q
 

 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-8644
The Coventry Funds Trust
(Exact name of registrant as specified in charter)
     
3435 Stelzer Road, Columbus, Ohio   43219
 
(Address of principal executive offices)   (Zip code)
Citi Fund Services Ohio, Inc., 3435 Stelzer Road, Columbus, OH 43219
(Name and address of agent for service)
Registrant’s telephone number, including area code: 614-470-8000
Date of fiscal year end: December 31
Date of reporting period: September 30, 2007
 
 

 

Item 1. Schedule of Investments.
Free Enterprise Action Fund
Schedule of Portfolio Investments
September 30, 2007
(Unaudited)
                 
    Shares     Value  
Common Stocks—94.7%
                
Advertising— 0.2%
                
Interpublic Group of Companies, Inc.*
     376     $ 3,903  
Monster Worldwide, Inc.*
     108       3,678  
Omnicom Group, Inc.
     288       13,850  
 
              
 
             21,431  
 
              
Aerospace & Defense— 2.2%
                
Boeing Co.
     672       70,553  
General Dynamics Corp.
     342       28,889  
Goodrich Corp.
     106       7,232  
Lockheed Martin Corp.
     301       32,656  
Northrop Grumman Corp.
     291       22,698  
Raytheon Co.
     379       24,188  
Rockwell Collins, Inc.
     143       10,445  
United Technologies Corp.
     853       68,649  
 
              
 
             265,310  
 
              
Agricultural Operations— 0.5%
                
Archer-Daniels-Midland Co.
     555       18,359  
Monsanto Co.
     458       39,269  
 
              
 
             57,628  
 
              
Airlines— 0.1%
                
Southwest Airlines Co.
     665       9,842  
 
              
 
             9,842  
 
              
Apparel/Footwear— 0.5%
                
Coach, Inc.*
     311       14,701  
Gap, Inc.
     451       8,316  
Limited Brands, Inc.
     286       6,547  
Liz Claiborne, Inc.
     87       2,987  
NIKE, Inc. — Class B
     320       18,771  
V.F. Corp.
     75       6,056  
 
              
 
             57,378  
 
              
Automotive— 0.8%
                
AutoZone, Inc.*
     44       5,110  
Cummins, Inc.
     88       11,254  
Ford Motor Co.*
     1,590       13,499  
General Motors Corp.
     475       17,433  
Genuine Parts Co.
     145       7,250  
Johnson Controls, Inc.
     166       19,606  
PACCAR, Inc.
     209       17,817  
WABCO Holdings, Inc.
     49       2,291  
 
              
 
             94,260  
 
              
Banks— 8.3%
                
Banco Bilbao Vizcaya Argentaria, S.A.
     123       2,868  
Bank of America Corp.
     3,910       196,556  
Bank of New York Mellon Corp.
     956       42,198  
BB&T Corp.
     453       18,297  
Citigroup, Inc.
     4,257       198,674  
Comerica, Inc.
     135       6,923  
Commerce Bancorp, Inc.
     158       6,127  
Fifth Third Bancorp
     470       15,923  
First Horizon National Corp.
     105       2,799  
Huntington Bancshares, Inc.
     201       3,413  
JPMorgan Chase & Co.
     2,997       137,322  
KeyCorp
     341       11,024  
M&T Bank Corp.
     66       6,828  
Marshall & Ilsley Corp.
     214       9,367  
National City Corp.
     513       12,871  
Northern Trust Corp.
     158       10,471  
PNC Financial Services Group, Inc.
     248       16,889  
Regions Financial Corp.
     614       18,101  
State Street Corp.
     280       19,085  
SunTrust Banks, Inc.
     306       23,155  
Synovus Financial Corp.
     272       7,630  
U.S. Bancorp
     1,493       48,567  
Wachovia Corp.
     1,653       82,898  
Wells Fargo & Co.
     2,918       103,939  
Zions Bancorp
     89       6,112  
 
              
 
             1,008,037  
 
              
Biotechnology— 1.0%
                
Amgen, Inc.*
     985       55,722  
Biogen Idec, Inc.*
     289       19,169  
Genzyme Corp.*
     221       13,693  
Gilead Sciences, Inc.*
     776       31,715  
 
              
 
             120,299  
 
              
Brokerage Services— 2.1%
                
Bear Stearns Companies, Inc.
     101       12,404  
Charles Schwab Corp.
     873       18,857  
Goldman Sachs Group, Inc.
     372       80,627  
Lehman Brothers Holdings, Inc.
     452       27,902  
Merrill Lynch & Company, Inc.
     749       53,389  
Morgan Stanley
     903       56,889  
 
              
 
             250,068  
 
              
Building Materials— 0.2%
                
American Standard Companies, Inc.
     148       5,272  
Masco Corp.
     335       7,762  
Vulcan Materials Co.
     81       7,221  
 
              
 
             20,255  
 
              
Casino Services— 0.2%
                
Harrah’s Entertainment, Inc.
     157       13,648  
International Game Technology, Inc.
     287       12,370  
 
              
 
             26,018  
 
              
Chemicals— 0.9%
                
Dow Chemical Co.
     813       35,008  
E.I. du Pont de Nemours & Co.
     776       38,459  
Eastman Chemical Co.
     70       4,671  
Ecolab, Inc.
     151       7,127  
PPG Industries, Inc.
     139       10,501  
Rohm & Haas Co.
     121       6,736  
Sigma-Aldrich Corp.
     111       5,410  
 
              
 
             107,912  
 
              
Commercial Services— 0.1%
                
Cintas Corp.
     116       4,304  
Paychex, Inc.
     287       11,767  
 
              
 
             16,071  
 
              
Computer Software & Services— 3.5%
                
Adobe Systems, Inc.*
     487       21,263  
Affiliated Computer Services, Inc.*
     98       4,924  
Autodesk, Inc.*
     197       9,844  
Automatic Data Processing, Inc.
     468       21,495  
BMC Software, Inc.*
     172       5,372  
Broadridge Financial Solutions, Inc.
     117       2,217  
CA, Inc.
     347       8,925  
Citrix Systems, Inc.*
     155       6,250  
Cognizant Technology Solutions Corp. - Class A*
     120       9,572  
Electronic Arts, Inc.*
     259       14,501  
Fiserv, Inc.*
     147       7,476  
See notes to schedule of portfolio investments.

 

 

Free Enterprise Action Fund
Schedule of Portfolio Investments
September 30, 2007
(Unaudited)
                 
    Shares     Value  
Common Stocks (continued)
                
Computer Software & Services (continued)
                
Intuit, Inc.*
     291     $ 8,817  
Microsoft Corp.
     7,461       219,801  
Oracle Corp.*
     3,409       73,805  
SanDisk Corp.*
     189       10,414  
 
              
 
             424,676  
 
              
Computers & Peripherals— 5.8%
                
Apple Computer, Inc.*
     742       113,927  
Cisco Systems, Inc.*
     5,274       174,622  
Computer Sciences Corp.*
     146       8,161  
Dell, Inc.*
     1,918       52,937  
Electronic Data Systems Corp.
     436       9,522  
EMC Corp.*
     1,935       40,248  
Hewlett-Packard Co.
     2,362       117,604  
IBM Corp.
     1,310       154,318  
Lexmark International, Inc. — Class A*
     84       3,489  
NCR Corp.*
     153       7,619  
Network Appliance, Inc.*
     313       8,423  
Sun Microsystems, Inc.*
     2,966       16,639  
 
              
 
             707,509  
 
              
Construction— 0.1%
                
D. R. Horton, Inc.
     231       2,959  
Fluor Corp.
     75       10,799  
Lennar Corp. — Class A
     117       2,650  
 
              
 
             16,408  
 
              
Consumer Products— 2.4%
                
Avon Products, Inc.
     377       14,149  
Colgate-Palmolive Co.
     435       31,024  
Fortune Brands, Inc.
     128       10,431  
Kimberly-Clark Corp.
     386       27,120  
Newell Rubbermaid, Inc.
     233       6,715  
Procter & Gamble Co.
     2,746       193,153  
The Clorox Co.
     128       7,807  
The Estee Lauder Companies, Inc. — Class A
     108       4,586  
 
              
 
             294,985  
 
              
Containers— 0.1%
                
Ball Corp.
     87       4,677  
Pactiv Corp.*
     188       5,388  
Sealed Air Corp.
     136       3,476  
 
              
 
             13,541  
 
              
Cruise Lines— 0.2%
                
Carnival Corp. — Class A
     377       18,258  
 
              
 
             18,258  
 
              
Diversified Manufacturing Operations— 5.2%
                
3M Co.
     633       59,236  
Cooper Industries Ltd. — Class A
     156       7,970  
Danaher Corp.
     200       16,542  
Dover Corp.
     173       8,814  
Eaton Corp.
     127       12,578  
General Electric Co.
     8,914       369,040  
Honeywell International, Inc.
     692       41,153  
Illinois Tool Works, Inc.
     357       21,291  
Ingersoll-Rand Company Ltd. — Class A
     270       14,707  
ITT Industries, Inc.
     156       10,597  
Leggett & Platt, Inc.
     152       2,912  
Pall Corp.
     105       4,085  
Parker Hannifin Corp.
     102       11,407  
Precision Castparts Corp.
     117       17,314  
Textron, Inc.
     212       13,189  
Tyco International Ltd.
     425       18,844  
 
              
 
             629,679  
 
              
Electronics— 0.8%
                
Agilent Technologies, Inc.*
     344       12,687  
Emerson Electric Co.
     687       36,562  
Harman International Industries, Inc.
     54       4,672  
Jabil Circuit, Inc.
     157       3,586  
L-3 Communications Holdings, Inc.
     105       10,725  
Molex, Inc.
     120       3,231  
Rockwell Automation, Inc.
     148       10,287  
Tyco Electronics Ltd.
     425       15,058  
W.W. Grainger, Inc.
     63       5,745  
 
              
 
             102,553  
 
              
Financial Services— 2.8%
                
AMBAC Financial Group, Inc.
     88       5,536  
American Express Co.
     1,026       60,914  
Ameriprise Financial, Inc.
     206       13,001  
Capital One Financial Corp.
     346       22,985  
CIT Group, Inc.
     168       6,753  
CME Group, Inc.
     30       17,620  
Countrywide Financial Corp.
     514       9,771  
Discover Financial Services*
     451       9,381  
E*TRADE Financial Corp.*
     362       4,728  
Equifax, Inc.
     108       4,117  
Fannie Mae
     816       49,621  
Fidelity National Information Services, Inc.
     137       6,079  
Franklin Resources, Inc.
     141       17,977  
Freddie Mac
     583       34,403  
H&R Block, Inc.
     271       5,740  
Janus Capital Group, Inc.
     174       4,921  
Legg Mason, Inc.
     111       9,356  
MBIA, Inc.
     113       6,899  
Moody’s Corp.
     199       10,029  
SLM Corp.
     344       17,086  
T. Rowe Price Group, Inc.
     222       12,363  
Western Union Co.
     646       13,547  
 
              
 
             342,827  
 
              
Food & Beverages— 3.3%
                
Anheuser-Busch Companies., Inc.
     648       32,393  
Brown-Forman Corp. — Class B
     67       5,019  
Campbell Soup Co.
     193       7,141  
Coca-Cola Co.
     1,766       101,492  
Coca-Cola Enterprises, Inc.
     232       5,619  
ConAgra Foods, Inc.
     429       11,210  
Constellation Brands, Inc. — Class A*
     179       4,334  
Dean Foods Co.
     111       2,839  
General Mills, Inc.
     296       17,171  
H.J. Heinz Co.
     279       12,890  
Hershey Foods Corp.
     147       6,822  
Kellogg Co.
     211       11,816  
Kraft Foods, Inc. — Class A
     1,222       42,171  
McCormick & Co.
     112       4,029  
PepsiCo, Inc.
     1,425       104,395  
Sara Lee Corp.
     637       10,632  
The Pepsi Bottling Group, Inc.
     115       4,275  
Tyson Foods, Inc. — Class A
     212       3,784  
See notes to schedule of portfolio investments.

 

 

Free Enterprise Action Fund
Schedule of Portfolio Investments
September 30, 2007
(Unaudited)
                 
    Shares     Value  
Common Stocks (continued)
                
Food & Beverages (continued)
                
Wm. Wrigley Jr. Co.
     206     $ 13,231  
 
              
 
             401,263  
 
              
Food Distributors, Supermarkets & Wholesalers— 0.5%
                
Kroger Co.
     609       17,369  
Safeway, Inc.
     374       12,383  
SUPERVALU, Inc.
     177       6,905  
Sysco Corp.
     524       18,649  
Whole Foods Market, Inc.
     121       5,924  
 
              
 
             61,230  
 
              
Forest Products & Paper— 0.3%
                
International Paper Co.
     385       13,810  
MeadWestvaco Corp.
     154       4,547  
Temple-Inland, Inc.
     90       4,737  
Weyerhaeuser Co.
     206       14,894  
 
              
 
             37,988  
 
              
Health Care— 1.6%
                
Aetna, Inc.
     458       24,856  
Coventry Health Care, Inc.*
     132       8,212  
Express Scripts, Inc.*
     232       12,950  
Humana, Inc.*
     139       9,713  
McKesson Corp.
     251       14,756  
Medco Health Solutions, Inc.*
     246       22,236  
UnitedHealth Group, Inc.
     1,137       55,065  
WellPoint, Inc.*
     524       41,354  
 
              
 
             189,142  
 
              
Homebuilders— 0.1%
                
Centex Corp.
     101       2,683  
KB Home
     67       1,679  
Pulte Homes, Inc.
     180       2,450  
 
              
 
             6,812  
 
              
Hospitals— 0.0%
                
Health Management Associates, Inc. — Class A
     206       1,430  
 
              
 
             1,430  
 
              
Hotels & Motels— 0.4%
                
Hilton Hotels Corp.
     328       15,249  
Marriott International, Inc. — Class A
     290       12,606  
Starwood Hotels & Resorts Worldwide, Inc.
     183       11,117  
Wyndham Worldwide Corp.
     169       5,537  
 
              
 
             44,509  
 
              
Household Appliances— 0.0%
                
Whirlpool Corp.
     66       5,881  
 
              
 
             5,881  
 
              
Industrial Gases— 0.3%
                
Air Products & Chemicals, Inc.
     185       18,086  
Praxair, Inc.
     273       22,866  
 
              
 
             40,952  
 
              
Instruments — Scientific— 0.3%
                
Applera Corp. — Applied Biosystems Group
     155       5,369  
Thermo Fisher Scientific, Inc.*
     342       19,741  
Waters Corp.*
     87       5,822  
 
              
 
             30,932  
 
              
Insurance— 4.4%
                
ACE Ltd.
     274       16,596  
AFLAC, Inc.
     419       23,900  
Allstate Corp.
     531       30,368  
American International Group, Inc.
     2,248       152,077  
Aon Corp.
     263       11,785  
Chubb Corp.
     346       18,559  
CIGNA Corp.
     261       13,909  
Cincinnati Financial Corp.
     146       6,323  
Genworth Financial, Inc. — Class A
     382       11,739  
Hartford Financial Services Group, Inc.
     258       23,878  
Lincoln National Corp.
     243       16,031  
Loews Corp.
     386       18,663  
Marsh & McLennan Companies, Inc.
     465       11,858  
MetLife, Inc.
     640       44,627  
MGIC Investment Corp.
     70       2,262  
Principal Financial Group, Inc.
     228       14,385  
Progressive Corp.
     650       12,616  
Prudential Financial, Inc.
     406       39,617  
SAFECO Corp.
     88       5,387  
The Travelers Companies, Inc.
     582       29,298  
Torchmark Corp.
     84       5,235  
Unum Group
     289       7,072  
XL Capital Ltd. — Class A
     152       12,038  
 
              
 
             528,223  
 
              
Internet Business Services— 0.9%
                
Amazon.com, Inc.*
     265       24,685  
eBay, Inc.*
     990       38,630  
IAC/InterActiveCorp*
     189       5,608  
Juniper Networks, Inc.*
     478       17,499  
Symantec Corp.*
     824       15,969  
VeriSign, Inc.*
     208       7,018  
 
              
 
             109,409  
 
              
Machinery— 0.6%
                
Caterpillar, Inc.
     552       43,294  
Deere & Co.
     196       29,090  
 
              
 
             72,384  
 
              
Medical — Drugs— 4.7%
                
Abbott Laboratories
     1,292       69,277  
Allergan, Inc.
     256       16,504  
Barr Pharmaceuticals, Inc.*
     90       5,122  
Bristol-Myers Squibb Co.
     1,656       47,726  
Celgene Corp.*
     312       22,249  
Eli Lilly & Co.
     829       47,195  
Forest Laboratories, Inc. — Class A*
     269       10,031  
Hospira, Inc.*
     131       5,430  
King Pharmaceuticals, Inc.*
     208       2,438  
Merck & Company, Inc.
     1,880       97,177  
Mylan Laboratories, Inc.
     177       2,825  
Pfizer, Inc.
     6,270       153,176  
PharMerica Corp.*
     14       209  
Schering-Plough Corp.
     1,247       39,442  
Wyeth
     1,136       50,609  
 
              
 
             569,410  
 
              
Medical Information Systems— 0.0%
                
IMS Health, Inc.
     170       5,209  
 
              
 
             5,209  
 
              
Medical Labs & Testing Services— 0.1%
                
Laboratory Corp. of America Holdings*
     106       8,292  
See notes to schedule of portfolio investments.

 

 

Free Enterprise Action Fund
Schedule of Portfolio Investments
September 30, 2007
(Unaudited)
                 
    Shares     Value  
Common Stocks (continued)
                
Medical Labs & Testing Services (continued)
                
Quest Diagnostics, Inc.
     135     $ 7,799  
 
              
 
             16,091  
 
              
Medical Products— 3.2%
                
AmerisourceBergen Corp.
     168       7,615  
Baxter International, Inc.
     551       31,010  
Becton Dickinson & Co.
     207       16,984  
Boston Scientific Corp.*
     998       13,922  
C.R. Bard, Inc.
     87       7,673  
Cardinal Health, Inc.
     343       21,448  
Covidien Ltd.*
     425       17,638  
Johnson & Johnson
     2,528       166,090  
Medtronic, Inc.
     969       54,661  
Patterson Cos., Inc.*
     117       4,517  
St. Jude Medical, Inc.*
     297       13,089  
Stryker Corp.
     251       17,259  
Zimmer Holdings, Inc.*
     204       16,522  
 
              
 
             388,428  
 
              
Metals & Mining— 0.6%
                
Alcoa, Inc.
     734       28,714  
Freeport-McMoRan Copper & Gold, Inc. - Class B
     283       29,684  
Newmont Mining Corp.
     381       17,042  
 
              
 
             75,440  
 
              
Motorcycles— 0.1%
                
Harley-Davidson, Inc.
     223       10,305  
 
              
 
             10,305  
 
              
Multimedia— 2.5%
                
CBS Corp. — Class B
     658       20,727  
Citadel Broadcasting Corp.
     134       558  
Clear Channel Communications, Inc.
     419       15,687  
Comcast Corp. — Class A*
     2,539       61,393  
News Corp. — Class A
     1,971       43,342  
The DIRECTV Group, Inc.*
     646       15,685  
The E.W. Scripps Co. — Class A
     70       2,940  
Time Warner, Inc.
     3,412       62,644  
Viacom, Inc. — Class B*
     597       23,265  
Walt Disney Co.
     1,756       60,389  
 
              
 
             306,630  
 
              
Newspapers— 0.1%
                
Gannett Co., Inc.
     199       8,696  
Tribune Co.
     68       1,858  
 
              
 
             10,554  
 
              
Non-Hazardous Waste Disposal— 0.1%
                
Waste Management, Inc.
     457       17,247  
 
              
 
             17,247  
 
              
Office Equipment & Supplies— 0.4%
                
Avery Dennison Corp.
     78       4,448  
Office Depot, Inc.*
     238       4,907  
Pitney Bowes, Inc.
     188       8,539  
Staples, Inc.
     614       13,195  
Xerox Corp.*
     825       14,305  
 
              
 
             45,394  
 
              
Oil & Gas— 11.0%
                
Anadarko Petroleum Corp.
     391       21,016  
Apache Corp.
     278       25,037  
Ashland, Inc.
     52       3,131  
Baker Hughes, Inc.
     277       25,032  
BJ Services Co.
     254       6,744  
Chesapeake Energy Corp.
     327       11,530  
ChevronTexaco Corp.
     1,903       178,083  
ConocoPhillips
     1,424       124,984  
Devon Energy Corp.
     375       31,200  
El Paso Corp.
     583       9,894  
EOG Resources, Inc.
     206       14,900  
Exxon Mobil Corp.
     5,115       473,444  
Halliburton Co.
     870       33,408  
Hess Corp.
     208       13,838  
Marathon Oil Corp.
     604       34,440  
Murphy Oil Corp.
     158       11,043  
Nabors Industries Ltd.*
     266       8,185  
National-Oilwell Varco, Inc.*
     148       21,386  
Noble Corp.
     230       11,282  
Occidental Petroleum Corp.
     730       46,778  
Rowan Cos., Inc.
     94       3,439  
Schlumberger Ltd.
     1,025       107,625  
Smith International, Inc.
     169       12,067  
Sunoco, Inc.
     106       7,503  
Transocean, Inc.*
     247       27,923  
Valero Energy Corp.
     518       34,799  
Weatherford International, Ltd.*
     291       19,549  
XTO Energy, Inc.
     311       19,232  
 
              
 
             1,337,492  
 
              
Paints & Coatings— 0.1%
                
Sherwin-Williams Co.
     96       6,308  
 
              
 
             6,308  
 
              
Photo Equipment & Supplies— 0.1%
                
Eastman Kodak Co.
     243       6,503  
 
              
 
             6,503  
 
              
Pipelines— 0.3%
                
Questar Corp.
     144       7,564  
Spectra Energy Corp.
     527       12,901  
Williams Companies, Inc.
     502       17,098  
 
              
 
             37,563  
 
              
Printing & Publishing— 0.2%
                
McGraw-Hill Companies, Inc.
     296       15,070  
R.R. Donnelley & Sons Co.
     181       6,617  
 
              
 
             21,687  
 
              
Railroads— 0.7%
                
Burlington Northern Santa Fe Corp.
     305       24,757  
CSX Corp.
     373       15,938  
Norfolk Southern Corp.
     320       16,611  
Union Pacific Corp.
     228       25,778  
 
              
 
             83,084  
 
              
Real Estate— 0.0%
                
CB Richard Ellis Group, Inc. — Class A*
     155       4,315  
 
              
 
             4,315  
 
              
Real Estate Investment Trusts— 0.8%
                
Apartment Investment & Management Co. - Class A
     82       3,701  
Archstone-Smith Trust
     182       10,945  
Boston Properties, Inc.
     97       10,078  
Equity Residential
     245       10,378  
Kimco Realty Corp.
     185       8,364  
Plum Creek Timber Company, Inc.
     152       6,804  
ProLogis
     208       13,801  
See notes to schedule of portfolio investments.

 

 

Free Enterprise Action Fund
Schedule of Portfolio Investments
September 30, 2007
(Unaudited)
                 
    Shares     Value  
Common Stocks (continued)
                
Real Estate Investment Trusts (continued)
                
Public Storage, Inc.
     103     $ 8,101  
Simon Property Group, Inc.
     187       18,700  
Vornado Realty Trust
     104       11,372  
 
              
 
             102,244  
 
              
Restaurants— 0.8%
                
Darden Restaurants, Inc.
     123       5,149  
McDonald’s Corp.
     1,037       56,485  
Starbucks Corp.*
     637       16,689  
Yum! Brands, Inc.
     460       15,562  
 
              
 
             93,885  
 
              
Retail— 3.7%
                
Bed Bath & Beyond, Inc.*
     238       8,121  
Best Buy Company, Inc.
     344       15,831  
Costco Wholesale Corp.
     395       24,241  
CVS Corp.
     1,297       51,400  
Family Dollar Stores, Inc.
     127       3,373  
Home Depot, Inc.
     1,743       56,543  
J.C. Penney Company, Inc.
     188       11,913  
Kohl’s Corp.*
     276       15,823  
Lowe’s Companies, Inc.
     1,293       36,230  
Macy’s, Inc.
     460       14,867  
Nordstrom, Inc.
     193       9,050  
Sears Holding Corp.*
     70       8,904  
Target Corp.
     725       46,088  
Tiffany & Co.
     115       6,020  
TJX Companies, Inc.
     381       11,076  
Wal-Mart Stores, Inc.
     2,129       92,931  
Walgreen Co.
     849       40,107  
 
              
 
             452,518  
 
              
Savings & Loans— 0.3%
                
Sovereign Bancorp, Inc.
     301       5,129  
Washington Mutual, Inc.
     810       28,601  
 
              
 
             33,730  
 
              
Schools— 0.1%
                
Apollo Group, Inc. — Class A*
     119       7,158  
 
              
 
             7,158  
 
              
Semiconductors— 2.5%
                
Advanced Micro Devices, Inc.*
     459       6,059  
Altera Corp.
     304       7,320  
Analog Devices, Inc.
     300       10,848  
Applied Materials, Inc.
     1,174       24,302  
Broadcom Corp. — Class A*
     398       14,503  
Intel Corp.
     4,983       128,860  
KLA-Tencor Corp.
     169       9,427  
Linear Technology Corp.
     257       8,992  
Maxim Integrated Products, Inc.
     273       8,013  
Micron Technology, Inc.*
     625       6,938  
National Semiconductor Corp.
     253       6,861  
Novellus Systems, Inc.*
     105       2,862  
NVIDIA Corp.*
     447       16,199  
Texas Instruments, Inc.
     1,288       47,128  
Xilinx, Inc.
     289       7,555  
 
              
 
             305,867  
 
              
Staffing— 0.0%
                
Robert Half International, Inc.
     144       4,300  
 
              
 
             4,300  
 
              
Steel— 0.3%
                
Allegheny Technologies, Inc.
     86       9,456  
Nucor Corp.
     260       15,462  
United States Steel Corp.
     104       11,018  
 
              
 
             35,936  
 
              
Telecommunications— 4.0%
                
ALLTEL Corp.
     326       22,716  
AT&T, Inc.
     5,420       229,320  
Avaya, Inc.*
     385       6,530  
CenturyTel, Inc.
     97       4,483  
Citizens Communications Co.
     272       3,895  
Corning, Inc.
     1,331       32,809  
Embarq Corp.
     126       7,006  
Qwest Communications International, Inc.*
     1,341       12,284  
Sprint Nextel Corp.
     2,510       47,690  
Tellabs, Inc.*
     372       3,541  
Verizon Communications, Inc.
     2,509       111,098  
Windstream Corp.
     399       5,634  
 
              
 
             487,006  
 
              
Tobacco— 1.2%
                
Altria Group, Inc.
     1,812       125,988  
Reynolds American, Inc.
     136       8,648  
UST, Inc.
     136       6,746  
 
              
 
             141,382  
 
              
Tools — Hand Held— 0.1%
                
Black & Decker Corp.
     57       4,748  
Stanley Works
     69       3,873  
 
              
 
             8,621  
 
              
Toys— 0.1%
                
Hasbro, Inc.
     137       3,820  
Mattel, Inc.
     320       7,507  
 
              
 
             11,327  
 
              
Transportation Services— 0.8%
                
FedEx Corp.
     261       27,340  
United Parcel Service, Inc. — Class B
     913       68,566  
 
              
 
             95,906  
 
              
Utilities — Electric— 3.1%
                
AES Corp.*
     560       11,222  
Allegheny Energy, Inc.*
     139       7,264  
Ameren Corp.
     174       9,135  
American Electric Power Company, Inc.
     331       15,253  
CenterPoint Energy, Inc.
     264       4,232  
CONSOL Energy, Inc.
     155       7,223  
Consolidated Edison, Inc.
     209       9,677  
Constellation Energy Group
     152       13,040  
Dominion Resources, Inc.
     298       25,121  
DTE Energy Co.
     149       7,218  
Duke Energy Corp.
     1,053       19,681  
Edison International
     276       15,304  
Entergy Corp.
     176       19,059  
Exelon Corp.
     565       42,578  
FirstEnergy Corp.
     277       17,545  
FPL Group, Inc.
     341       20,760  
NiSource, Inc.
     232       4,441  
Peabody Energy Corp.
     224       10,723  
PG&E Corp.
     294       14,053  
Pinnacle West Capital Corp.
     85       3,358  
PPL Corp.
     321       14,862  
Progress Energy, Inc.
     215       10,073  
See notes to schedule of portfolio investments.

 

 

Free Enterprise Action Fund
Schedule of Portfolio Investments
September 30, 2007
(Unaudited)
                 
    Shares     Value  
Common Stocks (continued)
                
Utilities — Electric (continued)
                
Public Service Enterprise Group, Inc.
     212     $ 18,654  
Southern Co.
     625       22,675  
TXU Corp.
     389       26,635  
Xcel Energy, Inc.
     343       7,388  
 
              
 
             377,174  
 
              
Utilities — Natural Gas— 0.1%
                
Sempra Energy
     221       12,845  
 
              
 
             12,845  
 
              
Web Portals/ISP— 1.1%
                
Google, Inc. — Class A*
     186       105,512  
Yahoo!, Inc.*
     1,046       28,075  
 
              
 
             133,587  
 
              
Wireless Communications— 0.8%
                
Motorola, Inc.
     2,075       38,450  
QUALCOMM, Inc.
     1,395       58,952  
 
              
 
             97,402  
 
              
Total Common Stocks (Cost $9,912,365)
             11,477,648  
 
              
Short-Term Investments—5.5%
                
Huntington Money Market Fund
     667,664       667,664  
 
              
Total Short-Term Investments (Cost $667,664)
             667,664  
 
              
Total Investments (Cost $10,580,029) (a) — 100.2%
             12,145,312  
 
              
 
(a)   Represents cost for financial reporting and is substantially the same for federal income tax purposes and differs from value by net unrealized appreciation of securities as follows:
         
Unrealized appreciation
   $ 1,840,064  
Unrealized depreciation
     (274,781 )
 
      
Net unrealized appreciation
   $ 1,565,283  
 
      
 
*   Non-income producing security.
See notes to schedule of portfolio investments.

 

 

Free Enterprise Action Fund
Notes to Schedule of Portfolio Investments
September 30, 2007
(Unaudited)
Significant Accounting Policies-The following is a summary of significant policies followed by the Fund in the preparation of its schedule of portfolio investments. The policies are in conformity with accounting principles generally accepted accounting principles (“GAAP”) of the United States of America. The preparation of the schedule of portfolio investments requires management to make estimates and assumptions that affect the reported amounts of income and expenses for the period. Actual results could differ from those estimates.
Securities Valuation—Portfolio securities, the principal market for which is a securities exchange, generally will be valued at the closing price on that exchange on the day of computation, or, if there have been no sales during such day, at the last sales price on any other exchange or trading system. Portfolio securities, the principal market for which is not a securities exchange, generally will be valued on the basis of the mean between the last bid and ask quotes furnished by primary market makers for those securities. For NASDAQ/NMS traded securities, market value may also be determined on the basis of the NASDAQ Official Closing Price instead of the closing price. Foreign securities generally are valued based on quotations from the primary market in which they are traded and are translated from the local currency into U.S. dollars using current exchange rates. The value of foreign securities may be affected significantly on a day that the New York Stock Exchange is closed and an investor is unable to purchase or redeem shares. Shares of investment companies are valued on a basis of their net asset values, subject to any applicable sales charge. Portfolio securities with a remaining maturity of 60 days or less will be valued either at amortized cost or original cost plus accrued interest, which approximates current value.
All other assets and securities, including securities for which market quotations are not readily available, will be valued at their fair market value as determined in good faith under the general supervision of the Board of Trustees. If a significant market event impacting the value of a portfolio security occurs subsequent to the close of trading in the security, but prior to the calculation of the Fund’s net asset value per share, market quotations for that security may not be readily available. If the impact of such a significant market event materially affects the net asset value per share of the Fund, an affected portfolio security will be valued at fair market value as determined in good faith under the general supervision of the Board of Trustees.
Securities Transactions and Related Income—Security transactions are accounted for no later than one business day after trade date. However, for financial reporting purposes, security transactions are accounted for on trade date. Dividend income is recorded on the ex-dividend date. Interest income, which includes amortization of premium and accretion of discounts, is accrued as earned. Realized gains and losses from security transactions and unrealized appreciation and depreciation of investments are determined on the basis of identified cost.
Options—The Fund may purchase put and call options on securities. The Fund may write put or call options. This means that the Fund will only write a call option on a security which it already owns. Such options must be recognized U.S. exchanges and issued by the Options Clearing Corporation. The purpose of writing covered call options is to generate additional premium income for the Fund. This premium income will serve to enhance the Fund’s total return and will reduce the effect of any price decline of the security involved in the option. Covered call options will generally be written on securities which are not expected to make a major price moves in the near future but which, over the long term, are deemed to be attractive investments for the Fund.
A call option gives the purchaser the right to buy, and the writer the obligation to sell the underlying security at the stated exercise price at any time prior to the expiration of the option, regardless of the market price of the security. A put option gives the purchaser the right to sell, and the writer the obligation to buy the underlying security at the stated exercise price at any time prior to the expiration of the option, regardless of the market price of the security.
Transactions in written options for the period ended September 30, 2007 were as follows:
                 
    Number of     Premiums  
    Contracts     Received  
     
Options outstanding at December 31, 2006
     400       25,400  
Options written
                
Options terminated in closing purchase transactions
     400       25,400  
Options expired
                
Options exercised
                
     
Options outstanding at September 30, 2007
     0     $ 0  
     

 

 

EM Capital India Gateway Fund
Schedule of Portfolio of Investments
September 30, 2007
(Unaudited)
                 
Description
   Shares     Value  
 
                
Investment Portfolio—94.5%
                
EM Capital Gateway (Mauritius), Ltd.
     14,396     $ 161,992  
 
              
 
                
Short-Term Investment—0.0%
                
UBOC Trust Money Fund
     69       69  
 
              
 
                
Total Investments (Cost $140,169) (a) — 94.5%
             162,061  
 
                
Other Assets — 5.5%
             9,373  
 
              
 
                
NET ASSETS — 100.0%
           $ 171,434  
 
              
     
(a)
  Cost for federal income tax purposes and financial reporting purposes are substantially the same and differ from value by net unrealized appreciation of securities as follows:
             
Unrealized appreciation
   $ 21,891      
Unrealized depreciation
     —      
 
          
Net unrealized appreciation
   $ 21,891      
 
          



                 
EM Capital Gateway (Mauritius), Ltd.—94.5%
                
Common Stock—86.6%
                
Conglomerate— 1.3%
                
Aditya Birla Nuvo, Ltd.
     60       2,302  
 
              
 
                
Healthcare— 6.7%
                
Alembic, Ltd.
     1,000       2,066  
Apollo Hospitals Enterprise, Ltd.
     180       2,198  
Ranbaxy Laboratories, Ltd.
     210       2,294  
Sun Pharma Ind., Ltd.
     200       4,856  
 
              
 
             11,414  
 
              
 
                
Engineering— 4.4%
                
Alstom Power India, Ltd.
     110       2,303  
IVRCL Infra and Projects, Ltd.
     220       2,345  
Larsen & Toubro, Ltd.
     40       2,826  
 
              
 
             7,474  
 
              
 
                
Hotels— 5.0%
                
Asian Hotels, Ltd.
     120       2,113  
Hotel Leela Venture, Ltd.
     1,800       2,292  
Indian Hotels, Ltd.
     625       2,169  
Royal Orchid Hotels, Ltd.
     520       1,973  
 
              
 
             8,546  
 
              
 
                
Industrial Materials— 17.3%
                
Asian Paints, Ltd.
     100       2,487  
Everest Kanto Cylinder, Ltd.
     230       1,352  
Grasim Industries, Ltd.
     30       2,651  
Hindustan Zinc, Ltd.
     120       2,449  
ICSA India, Ltd.
     50       2,130  
Jain Irrigation Systems, Ltd.
     600       8,241  
Jindal Saw, Ltd.
     120       1,996  
JK Cements, Ltd.
     520       2,348  
Tata Steel, Ltd.
     280       5,992  
 
              
 
             29,646  
 
              
 
                
Financial Services— 11.1%
                
Axis Banks, Ltd.
     120       2,309  
Housing Development Finance Corp.
     50       3,181  
ICICI Bank, Ltd.
     250       6,683  
Reliance Capital, Ltd.
     170       6,774  
 
              
 
             18,947  
 
              
 
                
Automotive— 4.6%
                
Bajaj Auto, Ltd.
     50       3,194  
Mahindra & Mahindra, Ltd.
     115       2,176  
Maruti Udyog, Ltd.
     100     $ 2,513  
 
              
 
             7,883  
 
              

 

                 
Description
   Shares     Value  
 
EM Capital Gateway (Mauritius), Ltd. — Continued
                
Common Stock — Continued
                
Media— 3.3%
                
Balaji Telefilms, Ltd.
     600       3,956  
Deccan Chronicle Holdings, Ltd.
     350       1,783  
 
              
 
             5,740  
 
              
 
                
Paper— 1.2%
                
Ballarpur Industries, Ltd.
     620       2,142  
 
              
 
                
Telecommunications— 2.8%
                
Bharti Airtel, Ltd.
     200       4,730  
 
              
 
                
Manufacturing— 3.5%
                
Bombay Rayons Fashions, Ltd.
     330       1,987  
Nilkamal, Ltd.
     460       1,915  
Vardhman Textiles, Ltd.
     560       2,047  
 
              
 
             5,948  
 
              
 
                
Real Estate— 3.0%
                
DLF, Ltd.
     140       2,689  
Purvankara Projects, Ltd.
     225       2,517  
 
              
 
             5,206  
 
              
 
                
Business Services— 2.5%
                
Great Eastern Shipping Company, Ltd.
     500       4,233  
 
              
 
                
Information— 8.2%
                
Infosys Technologies, Ltd.
     50       2,381  
Prithvi Information Soln, Ltd.
     290       2,038  
Rolta India, Ltd.
     170       2,462  
Satyam Computers, Ltd.
     360       4,042  
Tata Consultancy Services, Ltd.
     80       2,134  
Wipro, Ltd.
     85       984  
 
              
 
             14,042  
 
              
 
                
Consumer Goods— 10.1%
                
ITC, Ltd.
     530       2,531  
Radico Khaitan, Ltd.
     470       2,215  
Rajesh Exports, Ltd.
     415       9,712  
United Breweries, Ltd.
     300       2,881  
 
              
 
             17,340  
 
              
 
                
Energy— 1.7%
                
Reliance Industries, Ltd.
     50       2,891  
 
              
 
                
Total Common Stock (Cost $129,740)
             148,485  
 
              
 
                
Cash—7.9%
             13,507  
 
              
 
                
Total EM Capital Gateway (Mauritius), Ltd. (Cost $143,247)
           $ 161,992  
 
              

 

 

Item 2. Controls and Procedures.
(a)   The registrant’s principal executive officer and principal financial officer have concluded, based on their evaluation of the registrant’s disclosure controls and procedures as conducted within 90 days of the filing date of this report, that these disclosure controls and procedures are adequately designed and are operating effectively to ensure that information required to be disclosed by the registrant on Form N-Q is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms.
(b)   There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR 270.30a-3(d))) that occurred during the registrant’s most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 3. Exhibits.
Certifications pursuant to Rule 30a-2(a) are attached hereto.

 

SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant)         The Coventry Funds Trust
         
By (Signature and Title)
    /s/ Linda A. Durkin    
 
 
 
     Linda A. Durkin, Treasurer 		   
Date_November 28, 2007
     Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
         
By (Signature and Title)
    /s/ David Bunstine    
 
 
 
     David Bunstine, President 		   
Date_November 28, 2007
         
By (Signature and Title)
    /s/ Linda A. Durkin    
 
 
 
     Linda A. Durkin, Treasurer 		   
Date_November 28, 2007

EX-99.CERT 2 l28877aexv99wcert.htm EX-99.CERT EX-99.CERT
 

Exhibit 99.CERT
CERTIFICATIONS
I, David Bunstine, certify that:
1.   I have reviewed this report on Form N-Q of the Coventry Funds Trust (the “registrant”);
 
2.   Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
 
3.   Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
 
4.   The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
  a)   Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
 
  b)   Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
 
  c)   Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
 
  d)   Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.   The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
  a)   All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and
 
  b)   Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
         
November 28, 2007
      /s/ David Bunstine
 
       
Date
      David Bunstine
 
      President

 

 

I, Linda A. Durkin, certify that:
1.   I have reviewed this report on Form N-Q of the Coventry Funds Trust (the “registrant”);
 
2.   Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
 
3.   Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
 
4.   The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
  a)   Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
 
  b)   Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
 
  c)   Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
 
  d)   Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.   The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
  a)   All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and
 
  b)   Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
         
November 28, 2007
      /s/ Linda A. Durkin
 
       
Date
      Linda A. Durkin
 
      Treasurer

 

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