-----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, BLDWfMUpdlSCJZBZuttOn9B1E5YgqQOlPQj2C6l5jvYUb4W9EDlmg39k6qCW7h/T vTGH01g3/IAtkBstU/49yg== 0000891804-05-003846.txt : 20051229 0000891804-05-003846.hdr.sgml : 20051229 20051229094451 ACCESSION NUMBER: 0000891804-05-003846 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20051031 FILED AS OF DATE: 20051229 DATE AS OF CHANGE: 20051229 EFFECTIVENESS DATE: 20051229 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIFTH THIRD FUNDS CENTRAL INDEX KEY: 0000840678 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-05669 FILM NUMBER: 051290038 BUSINESS ADDRESS: STREET 1: 3435 STELZER RD CITY: COLUMBUS STATE: OH ZIP: 43219-3035 BUSINESS PHONE: 6144708000 MAIL ADDRESS: STREET 1: 3435 STELZER RD CITY: COLUMBUS STATE: OH ZIP: 43219-3035 FORMER COMPANY: FORMER CONFORMED NAME: FOUNTAIN SQUARE FUNDS DATE OF NAME CHANGE: 19920703 N-Q 1 file001.txt FIFTH THIRD FUNDS 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 811-5669 -------------------------------------------- Fifth Third Funds - ------------------------------------------------------------------------------- (Exact name of registrant as specified in charter) 3435 Stelzer Road, Columbus, Ohio 43219 - ------------------------------------------------------------------------------- (Address of principal executive offices) (Zip code) BISYS 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: July 31 -------------------- Date of reporting period: October 31, 2005 ------------------- ITEM 1. SCHEDULE OF INVESTMENTS. FIFTH THIRD SMALL CAP GROWTH FUND Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE COMMON STOCKS (95.1%) A.S.V., Inc. * (g) 156,800 $ 3,660 Affiliated Managers Group, Inc. * (g) 34,200 2,625 Akamai Technologies, Inc. * (g) 206,100 3,574 American Medical Systems Holdings, 244,800 4,001 Inc. * aQuantive, Inc. * (g) 139,700 3,025 ArthroCare Corp. * (g) 59,300 2,178 Avid Technology, Inc. * 31,700 1,561 Benchmark Electronics, Inc. * 78,400 2,202 Bucyrus International, Inc. 61,300 2,547 CARBO Ceramics, Inc. 39,200 2,319 Carpenter Technology Corp. 28,600 1,725 Cash Systems, Inc. * (g) 208,600 1,212 Centene Corp. * 94,000 1,894 Central Garden & Pet Co. * 41,200 1,766 Children's Place Retail Stores, Inc. * 76,400 3,279 Coherent, Inc. * 50,300 1,489 Core Laboratories N.V. * 91,000 2,931 Denbury Resources, Inc. * 60,800 2,653 East-West Bancorp., Inc. 56,800 2,175 Engineered Support Systems, Inc. 45,800 1,853 Epicor Software Corp. * 227,200 2,790 ev3, Inc. * (g) 125,200 1,877 F5 Networks, Inc. * (g) 62,300 3,241 First Cash Financial Services, Inc. * 140,700 3,690 FormFactor, Inc. * 101,000 2,487 GEN-Probe, Inc. * 47,200 1,928 General Cable Corp. * (g) 272,400 4,427 Grey Wolf, Inc. * (g) 435,300 3,343 Headwaters, Inc. * (g) 52,300 1,665 HealthExtras, Inc. * 122,100 2,570 Hibbet Sporting Goods, Inc. * (g) 93,450 2,451 Hub Group, Inc., Class A * 78,400 2,851 Immucor, Inc. * 96,000 2,488 Jarden Corp. * (g) 67,400 2,278 Labor Ready, Inc. * 168,900 3,945 LKQ Corp. * 60,034 1,819 M-Systems Flash Disk Pioneers, Ltd. * 50,300 1,594 (g) MGI Pharma, Inc. * (g) 119,600 2,244 MWI Veterinary Supply, Inc. * 94,500 2,119 Navigant Consulting, Inc. * 102,500 2,149 NCI, Inc. * 157,538 1,906 O2Micro International, Ltd. * 97,500 1,277 Openwave Systems, Inc. * (g) 174,900 3,125 OraSure Technologies, Inc. * 280,500 3,088 Parametric Technology Corp. * 523,700 3,409 Psychiatric Solutions, Inc. * (g) 66,300 3,627 RC2 Corp. * 76,400 2,672 Respironics, Inc. * 60,400 2,167 Salesforce.com, Inc. * (g) 91,000 2,274 Scientific Games Corp., Class A * 94,000 2,816 Serologicals Corp. * 76,400 1,488 SFBC International, Inc. * 41,800 1,782 SI International, Inc. * 95,000 2,743 Stage Stores, Inc. 79,100 2,193 Stein Mart, Inc. 91,500 1,679 Superior Energy Services, Inc. * 134,700 2,745 Sybron Dental Specialites, Inc. * 73,400 3,149 Symmetricom, Inc. * 302,100 2,408 Texas Industries, Inc. 28,600 1,419 Trimble Navigation Ltd. * (g) 78,400 2,264 UbiquiTel, Inc. * 257,800 2,227 United Natural Foods, Inc. * 88,500 2,488 United Surgical Partners International, 52,800 1,893 Inc. * (g) Varian Semiconductor Equipment 57,800 2,186 Associates, Inc. * (g) VCA Antech, Inc. * (g) 104,000 2,683 Ventiv Health, Inc. * 87,000 2,196 WCI Communities, Inc. * (g) 115,600 2,892 Wintrust Financial Corp. 34,700 1,863 Witness Systems, Inc. * 147,300 2,887 Zenith National Insurance Corp. 57,300 2,580 ----- TOTAL COMMON STOCKS 172,751 ------- INVESTMENTS IN AFFILIATES (3.1%) Fifth Third Institutional Money Market Fund 5,602,216 5,602 ----- TOTAL INVESTMENTS IN AFFILIATES 5,602 ----- SHORT-TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING (20.6%) Pool of various securities for Fifth Third Funds $ 37,360 37,360 ------ TOTAL SHORT-TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING 37,360 ------ TOTAL (COST $173,231) + - 118.8% $215,713 ========
- ------------ Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. FIFTH THIRD MID CAP GROWTH FUND Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE COMMON STOCKS (96.1%) Advance Auto Parts, Inc. * 137,150 $ 5,143 Alliance Data Systems Corp. * (g) 124,900 4,441 Amdocs Ltd. * 132,700 3,513 American Capital Strategies Ltd. (g) 133,800 5,026 American Medical Systems Holdings, 492,800 8,056 Inc. * Autodesk, Inc. 149,400 6,742 Avid Technology, Inc. * 76,900 3,786 Biomet, Inc. (g) 117,100 4,079 Burlington Resources, Inc. 56,900 4,109 C.H. Robinson Worldwide, Inc. (g) 124,800 4,400 CACI International, Inc., Class A * (g) 121,500 6,627 Caremark Rx, Inc. * 205,100 10,747 Carters, Inc. * 89,200 5,633 Chico's FAS, Inc. * (g) 173,600 6,865 CNET Networks, Inc. * 423,600 5,757 Coach, Inc. * 130,300 4,193 Cognizant Technology Solutions Corp. 124,900 5,493 * Comverse Technology, Inc. * 275,400 6,912 Corporate Executive Board Co. (g) 91,400 7,553 Covance, Inc. * 161,700 7,867 Cytyc Corp. * (g) 301,000 7,630 D. R. Horton, Inc. 270,500 8,302 Engineered Support Systems, Inc. 93,600 3,786 Fastenal Co. (g) 72,500 5,084 Fidelity National Financial, Inc. (g) 155,000 5,806 Fidelity National Title Group, Inc., 27,125 590 Class A Fiserv, Inc. * 82,500 3,604 Fisher Scientific International, Inc. * 119,300 6,740 (g) GEN-Probe, Inc. * 95,900 3,917 Gilead Sciences, Inc. * 158,600 7,494 GlobalSantaFe Corp. (g) 158,300 7,052 Hughes Supply, Inc. 207,400 6,938 International Rectifier Corp. * (g) 142,700 4,222 ITT Industries, Inc. 60,200 6,116 Jabil Circuit, Inc. * 263,100 7,854 Joy Global, Inc. (g) 181,500 8,325 Laureate Education, Inc. * 176,100 8,700 Lennar Corp., Class A (g) 93,600 5,202 Manpower, Inc. 73,600 3,333 Marriott International, Inc., Class A 63,200 3,768 Maxim Integrated Products, Inc. (g) 182,800 6,340 Michael's Stores, Inc. 162,800 5,385 MICROS Systems, Inc. * (g) 121,900 5,598 Nabors Industries Ltd. * (g) 104,800 7,192 National-Oilwell Varco, Inc. * 132,700 8,290 Network Appliance, Inc. * (g) 109,300 2,990 Nextel Partners Inc., Class A * (g) 153,800 3,868 Polo Ralph Lauren Corp. 112,600 5,540 Respironics, Inc. * 125,700 4,509 Scientific Games Corp., Class A * 197,300 5,911 Scientific-Atlanta, Inc. 138,200 4,898 Starwood Hotels & Resorts Worldwide, 49,000 2,863 Inc. Station Casinos, Inc. 90,500 5,801 Stericycle, Inc. * 71,400 4,110 T. Rowe Price Group, Inc. 113,700 7,450 Tempur-Pedic International, Inc. * (g) 260,900 2,886 Thermo Electron Corp. * (g) 173,900 5,250 Ultra Petroleum Corp. * 166,100 8,719 Urban Outfitters, Inc. * 149,800 4,244 Varian Medical Systems, Inc. * (g) 151,600 6,907 VeriSign, Inc. * 284,300 6,718 WESCO International, Inc. * 166,100 6,602 Williams-Sonoma, Inc. * (g) 94,100 3,680 XTO Energy, Inc. 184,000 7,997 ----- TOTAL COMMON STOCKS 365,153 ------- INVESTMENTS IN AFFILIATES (4.0%) Fifth Third Institutional Money Market Fund 15,125,769 15,126 ------ TOTAL INVESTMENTS IN AFFILIATES 15,126 ------ SHORT-TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING (18.8%) Pool of various securities for Fifth Third Funds $ 71,521 71,521 ------ TOTAL SHORT-TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING 71,521 ------ TOTAL (COST $356,931) + - 118.9% $451,800 ========
- ------------ Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. FIFTH THIRD QUALITY GROWTH FUND Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE COMMON STOCKS (98.3%) Advanced Micro Devices, Inc. * (g) 355,000 $ 8,243 Allstate Corp. 391,000 20,641 Amgen, Inc. * 324,000 24,546 Autodesk, Inc. 232,000 10,470 Bank of America Corp. (g) 288,000 12,598 Best Buy Co., Inc. (g) 401,000 17,748 Broadcom Corp., Class A * 411,000 17,451 Caremark Rx, Inc. * (g) 263,000 13,781 Cintas Corp. (g) 385,000 15,619 Coach, Inc. * 422,000 13,580 Comverse Technology, Inc. * (g) 607,000 15,236 CVS Corp. 1,015,000 24,776 Electronic Arts, Inc. * (g) 161,000 9,158 EMC Corp. * 2,008,000 28,032 Emerson Electric Corp. 202,000 14,049 Exxon Mobil Corp. 168,000 9,432 General Electric Corp. 583,000 19,770 Gilead Sciences, Inc. * 469,000 22,161 Goldman Sachs Group, Inc. (g) 191,000 24,137 Henry Schein, Inc. * (g) 675,000 26,758 Home Depot, Inc. (g) 430,000 17,647 Infosys Technologies Ltd., ADR 184,000 12,512 Intel Corp. 773,000 18,166 Jabil Circuit, Inc. * 453,000 13,522 Johnson & Johnson 207,000 12,962 KLA-Tencor Corp. (g) 169,000 7,823 L-3 Communications Holdings, Inc. 277,000 21,556 (g) Lehman Brothers Holdings, Inc. (g) 84,000 10,052 Linear Technology Corp. 413,000 13,716 Lowe's Cos., Inc. (g) 208,000 12,640 Marriott International, Inc., Class A (g) 390,000 23,252 Microsoft Corp. 637,000 16,371 Morgan Stanley 171,000 9,304 Motorola, Inc. 718,000 15,910 NCR Corp. * 364,000 11,000 Nordstrom, Inc. 479,000 16,597 Northern Trust Corp. (g) 219,000 11,738 Office Depot, Inc. * 527,000 14,508 Oracle Corp. * 1,219,000 15,457 Paychex, Inc. 237,000 9,186 PepsiCo, Inc. 128,000 7,562 Pharmaceutical Product Development, 214,000 12,299 Inc. Procter & Gamble Co. 318,000 17,805 QUALCOMM, Inc. (g) 285,000 11,332 Rockwell Automation, Inc. 494,000 26,256 Schlumberger Ltd. (g) 77,000 6,989 Station Casinos, Inc. 378,000 24,230 Teva Pharmaceutical Industries Ltd., 536,000 20,432 ADR (g) Texas Instruments, Inc. (g) 678,000 19,356 Varian Medical Systems, Inc. * (g) 190,000 8,656 WellChoice, Inc. * 126,000 9,532 WellPoint, Inc. * 241,000 17,998 Wm. Wrigley Jr. Co. (g) 186,000 12,927 ------ TOTAL COMMON STOCKS 827,479 ------- INVESTMENTS IN AFFILIATES (1.4%) Fifth Third Institutional Money Market Fund 11,958,482 11,958 ------ TOTAL INVESTMENTS IN AFFILIATES 11,958 ------ SHORT-TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING (19.2%) Pool of various securities for Fifth Third Funds $ 161,496 161,496 ------- TOTAL SHORT-TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING 161,496 ------- TOTAL (COST $865,107) + - 118.9% $1,000,933 ==========
- ------------ Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. FIFTH THIRD LARGE CAP CORE FUND Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE COMMON STOCKS (97.6%) ACE Ltd. 12,002 $ 625 Agilent Technologies, Inc. * 13,050 418 Alcon, Inc. 11,126 1,479 Allergan, Inc. (g) 10,473 935 Alliant Energy Corp. 6,693 177 Allstate Corp. 34,654 1,829 Altria Group, Inc. (g) 15,133 1,136 Amerada Hess Corp. (g) 341 43 American Eagle Outfitters, Inc. 10,003 236 American International Group, Inc. 24,498 1,587 American Standard Companies, Inc. 30,510 1,161 AmerisourceBergen Corp. 18,281 1,394 Amgen, Inc. * 9,491 719 Anadarko Petroleum Corp. 13,705 1,243 Apple Computer, Inc. * 1,623 93 Applied Materials, Inc. 41,050 672 Archer-Daniels-Midland Co. 64,345 1,568 AT&T Corp. 88,913 1,759 Autoliv, Inc. 7,710 331 AutoNation, Inc. * 17,425 346 Axis Capital Holdings, Ltd. 4,374 113 Bank of America Corp. (g) 103,291 4,518 Barr Pharmaceuticals, Inc. * 10,633 611 Baxter International, Inc. 12,049 461 BEA Systems, Inc. * 25,954 229 Bear Stearns Cos., Inc. 683 72 Becton, Dickinson & Co. 26,538 1,347 Best Buy Co., Inc. 26,448 1,171 Biogen Idec, Inc. * 14,228 578 BMC Software, Inc. * 12,103 237 Boeing Co. 35,818 2,315 Brown-Forman Corp. 17,604 1,115 Burlington Northern Santa Fe Corp. 22,766 1,413 Burlington Resources, Inc. 2,583 187 Cablevision Systems Corp. * 12,088 300 Cadence Design Systems, Inc. * (g) 26,127 418 Caremark Rx, Inc. * 26,688 1,398 Cendant Corp. 63,944 1,114 Centerpoint Energy, Inc. (g) 61,254 811 Check Point Software Technologies Ltd. 7,168 160 * Chevron Corp. 37,834 2,159 Chubb Corp. 6,490 603 CIGNA Corp. 7,737 896 Circuit City Stores, Inc. (g) 73,373 1,305 Cisco Systems, Inc. * 33,419 583 CIT Group, Inc. 28,363 1,297 Citigroup, Inc. 119,164 5,455 Clear Channel Communications, Inc. 25,459 774 Clorox Co. 1,834 99 CMS Energy Corp. * (g) 63,124 941 Coca-Cola Co. 68,415 2,927 Comerica, Inc. 1,434 83 Compuware Corp. * 59,805 484 ConocoPhillips 45,993 3,007 Countrywide Credit Industries, Inc. 46,293 1,471 Crown Castle International Corp. * 4,025 99 CSX Corp. (g) 34,464 1,579 Darden Restaurants, Inc. 43,371 1,406 Dean Foods Co. * 12,967 469 Deere & Co. 9,834 597 Dell, Inc. * 40,413 1,288 Devon Energy Corp. (g) 4,967 300 Dex Media, Inc. 25,529 689 DST Systems, Inc. * (g) 23,858 1,339 Eastman Chemical Co. 18,994 1,002 Edison International, Inc. 36,987 1,619 EMC Corp. * 7,204 101 Energizer Holdings, Inc. * 2,557 129 Energy East Corp. 33,864 808 Express Scripts, Inc. * 22,975 1,733 Exxon Mobil Corp. 130,943 7,351 Fannie Mae 16,373 778 Federated Department Stores, Inc. 21,293 1,307 Fiserv, Inc. * 22,270 973 Freddie Mac 27,272 1,673 Freeport-McMoRan Copper & Gold, 20,311 1,003 Inc., Class B General Electric Corp. (a) 134,493 4,561 General Mills, Inc. 37,184 1,794 Genuine Parts Co. 1,382 61 Goldman Sachs Group, Inc. 6,686 845 Goodyear Tire & Rubber Co. * (g) 41,203 645 Hartford Financial Services Group, Inc. 22,688 1,809 Hasbro, Inc. 34,173 644 HCA, Inc. 36,401 1,754 Hewlett-Packard Co. 100,716 2,823 IAC/InterActiveCorp. * (g) 34,270 878 IBM Corp. 10,013 820 Ingersoll-Rand Co., Class A 17,326 655 Intel Corp. 156,202 3,671 Intuit, Inc. * 17,927 823 J.C. Penney Co., Inc. 25,585 1,310 J.P. Morgan Chase & Co. 34,472 1,262 Johnson & Johnson 72,017 4,509 KeyCorp 1,000 32 Kimberly-Clark Corp. 29,150 1,657 King Pharmaceuticals, Inc. * 8,963 138 Kroger Co. * 44,923 894 Lam Research Corp. * (g) 7,561 255 Lehman Brothers Holdings, Inc. (g) 17,587 2,105 Liberty Media Corp., Class A * 53,583 427 Lincoln National Corp. 14,911 755 Lockheed Martin Corp. (g) 30,268 1,833 Loews Corp. 18,625 1,732 LSI Logic Corp. * 45,645 370 Marathon Oil Corp. 10,075 606 Marriott International, Inc., Class A 24,024 1,432 MBIA, Inc. 2,197 128 McDonald's Corp. 35,002 1,106 MCI, Inc. 54,883 1,092 McKesson, Inc. 31,169 1,416 MeadWestvaco Corp. (g) 53,742 1,409 Medco Health Solutions, Inc. * 1,409 80 Merck & Co., Inc. (g) 37,331 1,053 MetLife, Inc. 43,081 2,129 Michael's Stores, Inc. 20,847 690 Microsoft Corp. (a) 207,498 5,333 Motorola, Inc. 104,335 2,312 National City Corp. 6,369 205 National Semiconductor Corp. 30,740 696 NCR Corp. * 8,467 256 Newell Rubbermaid, Inc. 26,598 611 Nordstrom, Inc. 27,364 948 Northrop Grumman Corp. 31,510 1,691 Nucor Corp. 2,918 175 Occidental Petroleum Corp. 12,315 971 Old Republic International Corp. 9,944 258 Parametric Technology Corp. * 10,125 66 PepsiCo, Inc. 2,949 174 Pfizer, Inc. 183,560 3,991 PG&E Corp. 44,398 1,615 Phelps Dodge Corp. 3,856 465 Procter & Gamble Co. 32,643 1,828 Prudential Financial, Inc. 30,993 2,257 Radian Group, Inc. 3,513 183 Republic Services, Inc. 20,143 712 Robert Half International, Inc. 8,391 309 Rohm & Haas Co. 8,006 349 Sabre Group Holdings Corp., Class A 34,680 677 Safeway, Inc. 64,738 1,506 Seagate Technology 15,307 222 Shaw Communications, Inc. 12,410 251 Solectron Corp. * 309,432 1,092 Sprint Corp. (g) 103,822 2,419 SPX Corp. (g) 31,270 1,345 St. Paul Cos. 4,769 215 Student Loan Corp. 226 50 SUPERVALU, Inc. 12,717 400 Target Corp. 14,534 809 Telus Corp. 5,590 211 Texas Instruments, Inc. 72,586 2,072 The Dun & Bradstreet Corp * 22,747 1,440 The PMI Group, Inc. 11,323 452 Tiffany & Co. 13,714 540 Tyco International Ltd. 15,266 403 U.S. Bancorp. 4,499 133 UnionBanCal Corp. 14,399 986 United Parcel Service, Inc. 23,885 1,742 Valero Energy 6,106 643 Verizon Communications, Inc. 818 26 Viacom, Inc. 70,974 2,198 Wachovia Corp. (g) 13,404 677 Wal-Mart Stores, Inc. (a) 8,425 399 Wells Fargo & Co. 39,278 2,365 ----- TOTAL COMMON STOCKS 183,527 ------- INVESTMENTS IN AFFILIATES (2.4%) Fifth Third Institutional Money Market Fund 4,419,235 4,419 ----- TOTAL INVESTMENTS IN AFFILIATES 4,419 ----- SHORT-TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING (11.3%) Pool of various securities for Fifth Third $ 21,243 21,243 ------ Funds TOTAL SHORT-TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING 21,243 ------ TOTAL (COST $197,402) + - 111.3% $209,189 ========
- ------------ Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS.
FIFTH THIRD EQUITY INDEX FUND Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares) SHARES OR PRINCIPAL VALUE AMOUNT COMMON STOCKS (96.7%) 3M Co. 27,605 $ 2,097 Abbott Laboratories 56,119 2,416 ACE Ltd. 11,449 596 ADC Telecommunications, Inc. * 4,115 72 Adobe Systems, Inc. (g) 17,941 579 Advanced Micro Devices, Inc. * (g) 14,687 341 AES Corp. * 23,172 368 Aetna, Inc. 10,501 930 Affiliated Computer Services Inc., Class 4,486 243 A * (g) AFLAC, Inc. 18,154 867 Agilent Technologies, Inc. * 17,817 570 Air Products and Chemicals, Inc. 8,134 466 Alberto-Culver Co. 2,671 116 Albertson's, Inc. 13,686 344 Alcoa, Inc. 31,545 766 Allegheny Energy, Inc. * (g) 5,766 163 Allegheny Technologies, Inc. 3,184 91 Allergan, Inc. (g) 4,797 428 Allied Waste Industries, Inc. * (g) 7,658 62 Allstate Corp. 23,706 1,251 Alltel Corp. 13,780 852 Altera Corp. * 13,182 219 Altria Group, Inc. (g) 74,931 5,624 AMBAC Financial Group, Inc. 3,842 272 Amerada Hess Corp. (g) 2,870 359 Ameren Corp. (g) 7,499 394 American Electric Power Co. 14,037 533 American Express Co. 44,764 2,228 American International Group, Inc. 93,717 6,072 American Power Conversion Corp. 6,433 138 American Standard Companies, Inc. 6,685 254 Ameriprise Financial, Inc. * (g) 8,952 333 AmerisourceBergen Corp. 3,739 285 Amgen, Inc. * 44,563 3,376 AmSouth Bancorp. 12,522 316 Anadarko Petroleum Corp. 8,533 774 Analog Devices, Inc. (g) 13,547 471 Andrew Corp. * (g) 5,763 61 Anheuser-Busch Co., Inc. 28,043 1,157 Aon Corp. 11,775 399 Apache Corp. 11,865 757 Apartment Investment & Management 3,380 130 Co. (g) Apollo Group, Inc., Class A * (g) 5,270 332 Apple Computer, Inc. * 29,943 1,724 Applied Biosystems Group (g) 7,001 170 Applied Materials, Inc. 58,320 955 Applied Micro Circuits Corp. * 10,874 27 Archer-Daniels-Midland Co. 23,453 572 Ashland, Inc. 2,651 142 AT&T Corp. 29,237 578 Autodesk, Inc. 8,110 366 Automatic Data Processing, Inc. (g) 21,077 983 AutoNation, Inc. * 6,449 128 AutoZone, Inc. * 1,996 161 Avaya, Inc. * 15,281 176 Avery Dennison Corp. 3,956 224 Avon Products, Inc. 17,240 465 Baker Hughes, Inc. (g) 12,304 676 Ball Corp. 3,908 155 Bank of America Corp. (g) 145,077 6,345 Bank of New York Co., Inc. 28,152 881 Bausch & Lomb, Inc. 1,899 141 Baxter International, Inc. 22,459 859 BB&T Corp. (g) 19,780 837 Bear Stearns Cos., Inc. 4,033 427 Becton, Dickinson & Co. 8,958 455 Bed Bath & Beyond, Inc. * 10,887 441 BellSouth Corp. 66,137 1,721 Bemis Co. 3,801 100 Best Buy Co., Inc. 14,607 647 Big Lots, Inc. * (g) 4,033 47 Biogen Idec, Inc. * 12,226 497 Biomet, Inc. 8,935 311 BJ Services Co. (g) 11,488 399 Black & Decker Corp. 2,839 233 BMC Software, Inc. * 7,859 154 Boeing Co. 29,597 1,913 Boston Scientific Corp. * 21,314 535 Bristol-Myers Squibb Co. 70,598 1,495 Broadcom Corp., Class A * 10,382 441 Brown-Forman Corp. 2,932 186 Brunswick Corp. 3,443 131 Burlington Northern Santa Fe Corp. 13,358 829 Burlington Resources, Inc. 13,675 988 C.R. Bard, Inc. 3,729 233 Calpine Corp. * (g) 19,086 45 Campbell Soup Co. 6,645 193 Capital One Financial Corp. 10,440 797 Cardinal Health, Inc. 15,449 966 Caremark Rx, Inc. * 16,416 860 Carnival Corp. 15,558 773 Caterpillar, Inc. (g) 24,520 1,290 Cendant Corp. 38,100 664 Centerpoint Energy, Inc. (g) 11,375 151 Centex Corp. (g) 4,778 307 CenturyTel, Inc. (g) 4,657 152 Charles Schwab Corp. 37,503 570 Chevron Corp. 81,291 4,639 Chiron Corp. * (g) 3,954 175 Chubb Corp. 7,160 666 Ciena Corp. * 20,453 48 CIGNA Corp. 4,643 538 Cincinnati Financial Corp. 6,295 268 Cinergy Corp. 7,398 295 Cintas Corp. 4,901 199 Circuit City Stores, Inc. (g) 5,803 103 Cisco Systems, Inc. * 230,718 4,025 CIT Group, Inc. 7,467 341 Citigroup, Inc. 186,652 8,546 Citizens Communications Co. (g) 12,083 148 Citrix Systems, Inc. * (g) 6,005 166 Clear Channel Communications, Inc. 19,575 595 Clorox Co. 5,469 296 CMS Energy Corp. * (g) 7,761 116 Coach, Inc. * 13,875 446 Coca-Cola Co. 74,965 3,207 Coca-Cola Enterprises, Inc. 10,821 205 Colgate-Palmolive Co. 18,862 999 Comcast Corp., Class A * (g) 79,273 2,206 Comerica, Inc. 5,988 346 Compass Bancshares, Inc. 4,397 214 Computer Associates International, Inc. 16,723 468 (g) Computer Sciences Corp. * 6,889 353 Compuware Corp. * 13,781 111 Comverse Technology, Inc. * (g) 7,105 178 ConAgra, Inc. 19,081 444 ConocoPhillips 50,219 3,283 Consolidated Edison, Inc. (g) 8,953 407 Constellation Brands, Inc. * (g) 6,942 163 Constellation Energy Group, Inc. 6,561 360 Convergys Corp. * 5,045 82 Cooper Industries Ltd. 3,294 234 Cooper Tire & Rubber Co. 2,269 31 Corning, Inc. * 53,125 1,067 Costco Wholesale Corp. (g) 17,317 837 Countrywide Credit Industries, Inc. 21,423 681 Coventry Health Care, Inc. * 5,712 308 CSX Corp. 7,683 352 Cummins Engine, Inc. 1,723 147 CVS Corp. 29,325 716 D. R. Horton, Inc. 10,063 309 Dana Corp. 5,330 40 Danaher Corp. 8,540 445 Darden Restaurants, Inc. 5,169 168 Deere & Co. 8,745 531 Dell, Inc. * 86,543 2,759 Devon Energy Corp. (g) 16,318 985 Dillards Department Stores, Inc. 2,540 53 Dollar General Corp. (g) 11,561 225 Dominion Resources, Inc. 12,275 934 Dover Corp. 7,227 282 Dow Chemical Co. 34,798 1,596 Dow Jones & Co. 2,081 71 DTE Energy Co. 6,526 282 Duke Energy Corp. (g) 33,424 885 Dynegy, Inc. * (g) 11,777 52 E*TRADE Financial Corp. * 13,072 242 E. I. du Pont de Nemours & Co. 35,881 1,496 Eastman Chemical Co. 2,851 150 Eastman Kodak Co. 10,185 223 Eaton Corp. 5,346 315 eBay, Inc. * (g) 40,080 1,587 Ecolab, Inc. 6,582 218 Edison International, Inc. 11,902 521 El Paso Energy Corp. 24,125 286 Electronic Arts, Inc. * 10,874 619 Electronic Data Systems Corp. 19,116 446 Eli Lilly & Co. 40,939 2,038 EMC Corp. * 86,973 1,214 Emerson Electric Corp. 15,022 1,045 Engelhard Corp. 4,279 116 Entergy Corp. 7,521 532 EOG Resources, Inc. 8,715 591 Equifax, Inc. 4,605 159 Equity Office Properties Trust (g) 14,937 460 Exelon Corp. 24,069 1,252 Express Scripts, Inc. * 5,522 416 Exxon Mobil Corp. 227,674 12,781 Family Dollar Stores, Inc. (g) 5,916 131 Fannie Mae 34,917 1,659 Federated Department Stores, Inc. 9,599 589 Federated Investors, Inc. (g) 3,365 118 FedEx Corp. (g) 10,924 1,004 Fifth Third Bancorp. (b) (g) 20,073 806 First Data Corp. 28,007 1,133 First Energy Corp. 12,007 570 First Horizon National Corp. 4,404 170 Fiserv, Inc. * 6,786 296 Fisher Scientific International, Inc. * 4,514 255 Fluor Corp. 3,072 195 Ford Motor Co. 66,909 557 Forest Laboratories, Inc. * 12,439 472 Fortune Brands, Inc. 5,343 406 FPL Group, Inc. 14,254 614 Franklin Resources, Inc. (g) 5,336 472 Freddie Mac 24,889 1,527 Freeport-McMoRan Copper & Gold, 6,374 315 Inc., Class B Freescale Semiconductor, Inc. * 14,922 356 Gannett, Inc. 8,811 552 Gap, Inc. 20,891 361 Gateway, Inc. * (g) 10,536 30 General Dynamics Corp. 7,246 843 General Electric Corp. (a) 382,707 12,979 General Mills, Inc. 13,115 633 General Motors Corp. (g) 20,551 563 Genuine Parts Co. 6,189 274 Genzyme Corp. * 9,270 670 Georgia Pacific Corp. 9,228 300 Gilead Sciences, Inc. * 16,470 778 Golden West Financial Corp. (g) 9,202 540 Goldman Sachs Group, Inc. 16,771 2,119 Goodrich Corp. 4,276 154 Goodyear Tire & Rubber Co. * (g) 6,242 98 Guidant Corp. 11,905 750 H & R Block, Inc. 11,901 296 H.J. Heinz Co. 12,419 441 Halliburton Co. 18,334 1,084 Harley-Davidson, Inc. (g) 10,099 500 Harrah's Entertainment, Inc. 6,672 404 Hartford Financial Services Group, Inc. 10,817 863 Hasbro, Inc. 6,686 126 HCA, Inc. 16,310 786 Health Management Associates, Inc., 8,746 187 Class A Hercules, Inc. * (g) 4,007 45 Hewlett-Packard Co. 103,412 2,900 Hilton Hotels Corp. 11,719 228 Home Depot, Inc. 77,279 3,172 Honeywell International, Inc. 30,802 1,053 Hospira, Inc. * 6,000 239 Humana, Inc. * 5,741 255 Huntington Bancshares 8,241 192 IBM Corp. 57,620 4,719 Illinois Tool Works, Inc. 7,518 637 IMS Health, Inc. 8,038 187 Ingersoll-Rand Co., Class A 12,364 467 Intel Corp. 219,848 5,167 International Flavors & Fragrances, 3,139 104 Inc. International Game Technology 12,195 323 International Paper Co. 17,905 522 Interpublic Group Cos., Inc. * (g) 15,002 155 Intuit, Inc. * 6,578 302 ITT Industries, Inc. 3,417 347 J.C. Penney Co., Inc. 9,014 462 J.P. Morgan Chase & Co. 126,800 4,643 Jabil Circuit, Inc. * 6,531 195 Janus Capital Group, Inc. 8,048 141 JDS Uniphase Corp. * (g) 58,468 123 Jefferson-Pilot Corp. 4,822 265 Johnson & Johnson 107,405 6,725 Johnson Controls, Inc. 7,072 481 Jones Apparel Group, Inc. 4,279 117 KB Home 2,747 180 Kellogg Co. 9,194 406 Kerr-McGee Corp. 4,133 351 KeyCorp 14,947 482 KeySpan Corp. 6,135 212 Kimberly-Clark Corp. 17,232 979 Kinder Morgan, Inc. 3,415 310 King Pharmaceuticals, Inc. * 8,575 132 KLA-Tencor Corp. 7,302 338 Knight-Ridder, Inc. (g) 2,462 131 Kohl's Corp. * 12,416 598 Kroger Co. * 25,853 514 L-3 Communications Holdings, Inc. 4,405 343 Laboratory Corp. of America Holdings * 4,775 230 (g) Leggett & Platt, Inc. 6,727 135 Lehman Brothers Holdings, Inc. (g) 9,812 1,174 Lennar Corp., Class A 4,834 269 Lexmark International, Inc. * 4,212 175 Limited Brands, Inc. 12,569 252 Lincoln National Corp. 6,162 312 Linear Technology Corp. 11,275 374 Liz Claiborne, Inc. 3,851 136 Lockheed Martin Corp. 13,069 791 Loews Corp. 4,878 454 Louisiana-Pacific Corp. 3,933 98 Lowe's Cos., Inc. (g) 28,141 1,710 LSI Logic Corp. * 13,757 112 Lucent Technologies, Inc. * (g) 162,336 463 M&T Bank Corp. 2,902 312 Manor Care, Inc. (g) 3,065 114 Marathon Oil Corp. 13,200 794 Marriott International, Inc., Class A 6,130 365 Marsh & McLennan Cos., Inc. 19,457 567 Marshall & Ilsley Corp. 7,554 325 Masco Corp. 15,386 439 Mattel, Inc. (g) 14,603 215 Maxim Integrated Products, Inc. 11,635 404 Maytag Corp. 2,827 49 MBIA, Inc. (g) 4,804 280 MBNA Corp. 45,611 1,166 McCormick & Co. 4,797 145 McDonald's Corp. 44,964 1,421 McGraw-Hill Cos., Inc. 13,623 667 McKesson, Inc. 11,115 505 MeadWestvaco Corp. (g) 6,613 173 Medco Health Solutions, Inc. * 10,992 621 MedImmune, Inc. * (g) 8,790 307 Medtronic, Inc. 43,719 2,477 Mellon Financial Corp. 15,013 476 Merck & Co., Inc. (g) 79,289 2,238 Mercury Interactive Corp. * (g) 3,072 107 Meredith Corp. 1,595 80 Merrill Lynch & Co., Inc. 33,537 2,171 MetLife, Inc. 27,313 1,350 MGIC Investment Corp. (g) 3,348 198 Micron Technology, Inc. * (g) 23,055 299 Microsoft Corp. 332,724 8,550 Millipore Corp. * 1,772 108 Molex, Inc. (g) 5,142 130 Molson Coors Brewing Co., Class B 2,055 127 Monsanto Co. 9,765 615 Monster Worldwide, Inc. * (g) 4,288 141 Moody's Corp. 9,090 484 Morgan Stanley 39,194 2,133 Motorola, Inc. 89,104 1,975 Murphy Oil Corp. 5,823 273 Mylan Laboratories, Inc. 7,736 149 Nabors Industries Ltd. * (g) 5,677 390 National City Corp. 20,496 661 National Semiconductor Corp. 12,384 280 National-Oilwell Varco, Inc. * 6,356 397 Navistar International Corp. * 2,336 64 NCR Corp. * 6,627 200 Network Appliance, Inc. * 13,686 374 New York Times Co. 5,163 141 Newell Rubbermaid, Inc. 9,766 225 Newmont Mining Corp. 16,175 689 News Corp., Class A 88,405 1,260 NICOR, Inc. 1,566 61 Nike, Inc., Class B 6,868 576 NiSource, Inc. 9,644 228 Noble Corp. 5,044 325 Nordstrom, Inc. 7,974 276 Norfolk Southern Corp. 14,779 594 North Fork Bancorp., Inc. 17,562 445 Northern Trust Corp. 6,694 359 Northrop Grumman Corp. 13,024 699 Novell, Inc. * 13,512 103 Novellus Systems, Inc. * (g) 4,899 107 Nucor Corp. 5,683 341 NVIDIA Corp. * 5,994 201 Occidental Petroleum Corp. (g) 14,401 1,136 Office Depot, Inc. * 11,205 308 Officemax, Inc. 2,506 70 Omnicom Group, Inc. 6,505 540 Oracle Corp. * 136,209 1,726 PACCAR, Inc. 6,167 432 Pactiv Corp. * 5,294 104 Pall Corp. (g) 4,413 115 Parametric Technology Corp. * 9,637 63 Parker Hannifin Corp. 4,264 267 Patterson Cos, Inc. * (g) 4,979 206 Paychex, Inc. 12,003 465 People's Energy Corp. 1,349 50 Pepsi Bottling Group, Inc. 4,965 141 PepsiCo, Inc. 60,279 3,561 PerkinElmer, Inc. 4,600 102 Pfizer, Inc. 266,136 5,786 PG&E Corp. 13,546 493 Phelps Dodge Corp. 3,582 432 Pinnacle West Capital Corp. 3,489 146 Pitney Bowes, Inc. 8,160 343 Plum Creek Timber Co., Inc. (g) 6,526 254 PMC-Sierra, Inc. * 6,399 45 PNC Financial Services Group 10,484 636 PPG Industries, Inc. 6,090 365 PPL Corp. 13,958 437 Praxair, Inc. 11,808 583 Principal Financial Group 10,065 500 Procter & Gamble Co. 124,149 6,952 Progress Energy, Inc. (g) 9,185 400 Progressive Corp. (g) 7,052 817 Prudential Financial, Inc. 18,518 1,348 Public Service Enterprise Group, Inc. 8,708 548 (g) Public Storage, Inc. (g) 2,936 194 Pulte Homes, Inc. 7,704 291 QLogic Corp. * 3,225 97 QUALCOMM, Inc. (g) 58,830 2,339 Quest Diagnostics, Inc. 6,003 280 Qwest Communications International, 54,934 240 Inc. * R.R. Donnelley & Sons Co. 7,999 280 RadioShack Corp. 4,813 106 Raytheon Co. 16,462 608 Reebok International Ltd. (g) 1,990 114 Regions Financial Corp. (g) 16,457 536 Reynolds American, Inc. 3,073 261 Robert Half International, Inc. 6,123 226 Rockwell Automation, Inc. 6,512 346 Rockwell Collins, Inc. 6,320 290 Rohm & Haas Co. 5,200 226 Rowan Cos., Inc. 3,841 127 Ryder Systems, Inc. 2,282 91 Sabre Group Holdings Corp., Class A 4,651 91 SAFECO Corp. 4,522 252 Safeway, Inc. 16,549 385 Sanmina-SCI Corp. * 18,644 68 Sara Lee Corp. 28,775 514 SBC Communications, Inc. 119,237 2,844 Schering-Plough Corp. (g) 53,259 1,083 Schlumberger Ltd. (g) 21,237 1,928 Scientific-Atlanta, Inc. 5,406 192 Sealed Air Corp. * (g) 2,969 149 Sears Holdings Corp. * 3,754 451 Sempra Energy 9,435 419 Sherwin-Williams Co. 4,069 173 Siebel Systems, Inc. 19,878 206 Sigma-Aldrich Corp. 2,443 156 SLM Corp. (g) 15,184 843 Snap-On, Inc. 2,050 74 Solectron Corp. * 34,489 122 Southern Co. (g) 26,856 940 Southwest Airlines Co. 24,990 400 Sovereign Bancorp, Inc. 12,937 279 Sprint Corp. (g) 105,887 2,468 St. Jude Medical, Inc. * 13,201 635 St. Paul Cos. 24,382 1,098 Stanley Works 2,673 128 Staples, Inc. 26,881 611 Starbucks Corp. * 27,656 782 Starwood Hotels & Resorts Worldwide, 7,941 464 Inc. State Street Corp. 12,068 667 Stryker Corp. 10,478 430 Sun Microsystems, Inc. * 124,888 500 Sunoco, Inc. 4,884 364 SunTrust Banks, Inc. 13,067 947 SUPERVALU, Inc. 4,828 152 Symantec Corp. * 43,248 1,031 Symbol Technologies, Inc. 8,612 71 Synovus Financial Corp. (g) 11,603 319 Sysco Corp. 22,954 732 T. Rowe Price Group, Inc. 4,673 306 Target Corp. 31,909 1,777 Teco Energy, Inc. (g) 7,343 127 Tektronix, Inc. 3,140 72 Tellabs, Inc. * 15,903 152 Temple-Inland, Inc. (g) 4,001 147 Tenet Healthcare Corp. * 16,622 140 Teradyne, Inc. * 6,946 94 Texas Instruments, Inc. 58,480 1,671 Textron, Inc. 4,788 345 The Hershey Company 6,608 376 The Walt Disney Co. 72,416 1,765 Thermo Electron Corp. * 5,718 173 Tiffany & Co. 5,097 201 Time Warner, Inc. 169,423 3,021 TJX Companies, Inc. 16,689 359 Torchmark Corp. 3,694 195 Transocean, Inc. * 11,859 682 Tribune Co. (g) 9,498 299 TXU Corp. 8,655 872 Tyco International Ltd. 73,057 1,928 Tyson Foods, Inc., Class A 8,906 159 U.S. Bancorp. 65,949 1,951 U.S.T., Inc. (g) 5,864 243 Union Pacific Corp. 9,569 662 Unisys Corp. * 12,020 61 United Parcel Service, Inc. 39,993 2,917 United States Steel Corp. (g) 4,051 148 United Technologies Corp. 36,962 1,895 UnitedHealth Group, Inc. 45,604 2,641 Univision Communications, Inc. * (g) 8,304 217 UNUMProvident Corp. 10,565 214 V.F. Corp. 3,172 166 Valero Energy 11,027 1,160 Verizon Communications, Inc. 99,832 3,146 Viacom, Inc. 57,197 1,771 Visteon Corp. * 4,565 38 Vulcan Materials Co. 3,623 235 W.W. Grainger, Inc. 2,711 182 Wachovia Corp. (g) 56,936 2,876 Wal-Mart Stores, Inc. 90,136 4,263 Walgreen Co. (g) 36,901 1,676 Washington Mutual, Inc. 35,892 1,422 Waste Management, Inc. 20,152 595 Waters Corp. * 4,165 151 Watson Pharmaceuticals, Inc. * 3,908 135 Weatherford International Ltd. * (g) 4,982 312 WellPoint, Inc. * 22,141 1,654 Wells Fargo & Co. 60,953 3,669 Wendy's International, Inc. 4,078 191 Weyerhaeuser Co. 8,923 566 Whirlpool Corp. (g) 2,373 186 Williams Cos., Inc. 20,945 468 Wm. Wrigley Jr. Co. 6,466 449 Wyeth 48,409 2,157 Xcel Energy, Inc. 14,270 262 Xerox Corp. * (g) 35,138 477 Xilinx, Inc. (g) 12,445 298 XL Capital Ltd., Class A 4,971 318 XTO Energy, Inc. 13,205 574 Yahoo, Inc. * (g) 45,255 1,673 YUM! Brands, Inc. (g) 10,279 523 Zimmer Holdings, Inc. * 8,982 573 Zions Bancorporation 3,408 250 --- TOTAL COMMON STOCKS 391,917 ------- REAL ESTATE INVESTMENT TRUSTS (i) (0.5%) Archstone-Smith Trust 7,538 306 Equity Residential Properties Trust (g) 10,582 415 ProLogis 8,842 380 Simon Property Group, Inc. (g) 6,551 469 Vornado Realty Trust 4,317 350 --- TOTAL REAL ESTATE INVESTMENT TRUSTS 1,920 ----- INVESTMENTS IN AFFILIATES (2.7%) Fifth Third Institutional Money Market Fund 11,099,721 11,100 ------ TOTAL INVESTMENTS IN AFFILIATES 11,100 ------ SHORT-TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING (13.7%) Pool of various securities for Fifth Third Funds $ 55,577 55,577 ------ TOTAL SHORT-TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING 55,577 ------ TOTAL (COST $256,739) + - 113.6% $460,514 ========
- ------------ Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS.
FIFTH THIRD BALANCED FUND Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares) SHARES OR PRINCIPAL AMOUNT VALUE COMMERCIAL PAPER (1.5%) Societe Generale, 3.91%, 11/17/05 ** $ 1,730 $ 1,727 -------- TOTAL COMMERCIAL PAPER 1,727 ----- COMMON STOCKS (60.3%) Abbott Laboratories 52,495 2,261 Air Products and Chemicals, Inc. 24,621 1,409 Allstate Corp. 23,904 1,262 Alltel Corp. 23,478 1,452 American International Group, Inc. 45,516 2,949 Analog Devices, Inc. (g) 18,902 657 Check Point Software Technologies Ltd. 39,932 893 * (g) Citigroup, Inc. 48,232 2,208 Coca-Cola Co. 73,138 3,128 Ecolab, Inc. 38,500 1,274 Emerson Electric Corp. 34,629 2,408 Exxon Mobil Corp. 52,505 2,948 FPL Group, Inc. 19,386 835 General Electric Corp. 93,842 3,182 Guidant Corp. 24,742 1,559 Honeywell International, Inc. 67,649 2,314 Intel Corp. 67,541 1,588 Jacobs Engineering Group, Inc. * 13,694 873 Johnson & Johnson 44,711 2,800 McDonald's Corp. 64,741 2,045 Medco Health Solutions, Inc. * 24,484 1,383 Microsoft Corp. 100,695 2,588 Noble Corp. (g) 17,106 1,101 Omnicom Group, Inc. 21,331 1,770 PepsiCo, Inc. 31,662 1,871 Praxair, Inc. 15,471 764 Procter & Gamble Co. 38,938 2,180 Prudential Financial, Inc. 41,582 3,028 Schlumberger Ltd. (g) 15,064 1,367 Sherwin-Williams Co. 25,745 1,095 Symantec Corp. * 102,170 2,437 Synovus Financial Corp. 98,889 2,716 Target Corp. 21,955 1,223 Teva Pharmaceutical Industries Ltd., 49,327 1,880 ADR (g) UnionBanCal Corp. 10,752 736 United Technologies Corp. 31,184 1,599 Walgreen Co. 21,128 960 Weatherford International Ltd. * (g) 35,745 2,238 Wells Fargo & Co. 44,030 2,651 ----- TOTAL COMMON STOCKS 71,632 ------ CORPORATE BONDS (22.5%) AOL Time Warner, Inc., 7.70%, $ 125 142 5/1/32 Bank One Capital III, 8.75%, 9/1/30 675 886 Bear Stearns Adjustable Rate Mortgage 766 752 Trust, Series 2004-10, Class 12A3, 4.74%, 1/25/35 Bear Stearns Alternative-A Trust, Series 570 574 2005-9, 5.85%, 11/25/35 (f) Bear Stearns Asset Backed Securities, 284 284 Inc., Series 2004-HE3, Class 1A1, 4.21%, 5/25/31 (d) Bear Stearns Commercial Mortgage 450 465 Securities, Inc., Series 2000-WF2, Class A1, 7.11%, 10/15/32 Bear Stearns Commercial Mortgage 700 695 Securities, Inc., Series 2004-T14, Class A4, 5.20%, 1/12/41 (d) Chase Manhattan Auto Owner Trust, 210 209 1.52%, 5/15/07 Chase Mortgage Finance Corp., 5.00%, 1,645 1,596 11/25/33 Countrywide Alternative Loan Trust, 342 348 6.50%, 9/25/34 Credit Suisse First Boston Mortgage 45 45 Securities Corp., Series 1997-C2, Class A2, 6.52%, 1/17/35 DaimlerChrysler, 8.50%, 1/18/31 65 76 Duke Energy Corp., 6.45%, 10/15/32 225 235 First Franklin Mortgage Loan, 4.58%, 20 20 7/25/33 (d) First Union-Lehman Brothers, 7.00%, 630 682 4/18/29 (e) Ford Motor Credit Co., 7.00%, 10/1/13 145 133 (g) Gazprom International, 7.20%, 2/1/20 (e) 110 117 General Electric Capital Corp., 6.75%, 175 200 3/15/32 General Motors Acceptance Corp., 963 963 Mortgage Corp. Loan Trust, 4.27%, 12/25/20 (d) General Motors Acceptance Corp., 385 377 Mortgage Corp. Loan Trust, 4.34%, 11/1/34 General Motors Acceptance Corp., 1,000 1,002 Mortgage Corp. Loan Trust, 4.23%, 2/25/35 (d) (f) Green Tree Financial Corp., 7.60%, 270 280 6/15/25 Green Tree Financial Corp., Series 161 162 1998-6, Class A6, 6.27%, 6/1/30 Greenwich Capital Commercial Funding 1,000 986 Corp., Series 2002-C1, Class A4, 4.95%, 1/11/35 Greenwich Capital Commercial Funding 700 691 Corp., Series 2004-GG1, Class A5, 4.88%, 6/10/36 GS Mortgage Securities Corp. II, Series 689 666 2004-C1, Class A1, 3.66%, 10/10/28 GS Mortgage Securities Corp. II, Series 1,000 986 2004-GG2, Class A3, 4.60%, 8/10/38 IBM Corp., 5.88%, 11/29/32 250 258 IndyMac Index Mortgage Loan Trust, 448 448 Series 2005-AR9, 5.47%, 7/25/35 JP Morgan Mortgage Trust, Series 457 449 2005-A1, Class 2A1, 4.88%, 2/25/35 JP Morgan Mortgage Trust, Series 2,000 1,956 2005-A2, 4.93%, 4/25/35 Lockheed Martin Corp., 7.75%, 180 221 5/1/26 Marsh & McLennan Cos., Inc., 5.38%, 225 215 7/15/14 Morgan Stanley Capital I, 5.11%, 800 789 6/15/40 Morgan Stanley Dean Witter Capital I, 700 680 4.74%, 11/13/36 Morgan Stanley Mortgage Loan Trust, 955 937 5.00%, 8/25/19 Motorola, Inc., 6.50%, 11/15/28 205 220 Navistar Financial Corp. Owner Trust, 1,731 1,733 4.17%, 4/15/08 (d) (f) Pemex Master Trust, 6.13%, 8/15/08 175 179 Residential Accredit Loans, Inc., 4.31%, 1,014 1,013 3/25/34 (d) (f) Residential Asset Securities Corp., 795 795 3.88%, 3/25/34 (d) (f) Trans-Canada Pipeline, 5.60%, 195 193 3/31/34 Truck Retail Installment Paper Corp., 2,000 2,006 4.24%, 12/15/16 (d) (f) (e) UBS Preferred Funding Trust I, 8.62%, 250 286 10/1/10 (d) Washington Mutual, Series 2004-AR3, 420 412 Class A-2, 4.24%, 6/25/34 YUM! Brands Inc., 7.70%, 7/1/12 250 282 --- TOTAL CORPORATE BONDS 26,644 ------ FOREIGN BONDS (0.7%) France Telecom, 8.75%, 3/1/31 200 261 United Mexican States, 4.63%, 580 573 10/8/08 --- TOTAL FOREIGN BONDS 834 --- U.S. GOVERNMENT AGENCIES (15.2%) FANNIE MAE (9.3%) 6.50%, 6/1/16 1,187 1,226 5.50%, 1/1/18 288 290 4.50%, 5/1/18 TBA 2,750 2,660 5.50%, 11/1/18 550 554 4.00%, 2/25/21 194 193 5.50%, 2/1/25 273 271 5.00%, 5/1/25 482 468 7.50%, 6/1/27 42 44 7.50%, 12/1/27 7 7 7.50%, 12/1/27 98 104 7.00%, 9/1/31 203 212 7.00%, 6/1/32 15 15 5.00%, 6/1/33 TBA 1,000 963 5.50%, 6/1/33 TBA 2,500 2,467 7.00%, 9/1/34 40 42 6.00%, 7/1/35 751 758 6.00%, 9/1/35 752 758 --- 11,032 ------ FREDDIE MAC (4.4%) 4.50%, 8/15/16 1,585 1,529 5.00%, 4/1/18 572 565 5.00%, 8/1/18 679 670 7.50%, 7/1/27 13 14 7.50%, 8/1/27 60 63 7.50%, 11/1/27 31 33 7.50%, 12/1/27 72 76 6.50%, 5/1/31 218 224 6.50%, 11/1/31 667 685 7.00%, 1/1/32 9 9 6.25%, 7/15/32 (g) 700 812 7.00%, 8/1/32 43 45 4.50%, 6/1/34 181 170 4.50%, 9/1/34 226 211 6.00%, 10/1/34 150 152 --- 5,258 ----- GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (1.5%) 4.50%, 11/16/29 465 449 6.50%, 4/15/32 148 153 7.00%, 7/20/32 114 120 5.50%, 10/1/35 TBA 1,000 999 --- 1,721 ----- TOTAL U.S. GOVERNMENT AGENCIES 18,011 ------ U.S. TREASURY OBLIGATIONS (0.3%) U.S. TREASURY INFLATION PROTECTED BONDS (0.3%) 1.63%, 1/15/15 300 299 --- TOTAL U.S. TREASURY OBLIGATIONS 299 --- INVESTMENTS IN AFFILIATES (5.4%) Fifth Third Institutional Money Market Fund 6,445,273 6,445 ----- TOTAL INVESTMENTS IN AFFILIATES 6,445 ----- SHORT-TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING (7.5%) Pool of various securities for Fifth Third $ 8,844 8,844 ----- Funds TOTAL SHORT-TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING 8,844 ----- TOTAL (COST $125,830) + - 113.4% $134,436 ========
- ------------ Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS.
FIFTH THIRD MICRO CAP VALUE FUND Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares) SHARES OR PRINCIPAL AMOUNT VALUE COMMON STOCKS (96.0%) A. T. Cross Co., Class A * 163,000 $ 734 ActivCard Corp. * 243,000 819 Agilysys, Inc. 13,000 194 Analysts International Corp. * 250,000 660 Anaren, Inc. * (g) 62,000 877 Angelica Corp. 30,000 426 APAC Customer Services, Inc. * 525,000 704 Apogee Enterprises, Inc. 197,000 3,227 Applied Films Corp. * 40,000 777 Associated Estates Realty Corp. 110,000 1,003 At Road, Inc. * (g) 265,000 1,219 Ault, Inc. * 202,000 420 Benihana, Inc., Class A * 107,000 2,031 Berkshire Hills Bancorp, Inc. 43,000 1,506 BioScrip, Inc. * 361,721 2,171 Bombay Co., Inc. * 300,000 1,203 Boykin Lodging Co. * 89,000 982 Bradley Pharmaceuticals, Inc. * (g) 80,000 963 Brush Engineered Materials, Inc. * 127,000 1,915 BUCA, Inc. * 209,000 1,216 CalAmp Corp. * 77,000 882 Calgon Carbon Corp. 254,000 1,384 CBIZ, Inc. * 360,000 2,070 Celadon Group, Inc. * 70,000 1,621 Cepheid, Inc. * 140,000 888 Cobra Electronics Corp. * 130,000 1,126 Compudyne Corp. * 129,000 686 Crawford & Co., Class A 12,200 86 Crawford & Co., Class B 162,800 1,143 Cutter & Buck, Inc. 108,000 1,331 Deb Shops, Inc. 72,000 1,821 DHB Industries, Inc. * (g) 260,000 775 Digimarc Corp. * 182,000 1,139 Dot Hill Systems Corp. * 273,000 1,892 EFJ, Inc. * 160,000 1,590 Electro Rent Corp. * 74,000 950 Emerson Radio Corp. * (g) 425,000 1,424 Flow International Corp. * (g) 94,000 858 Frozen Food Express Industries, Inc. * 86,000 970 Goody's Family Clothing, Inc. (g) 62,500 594 Government Properties Trust, Inc. (g) 150,000 1,361 GSI Lumonics, Inc. * 116,000 1,002 Hancock Fabrics, Inc. (g) 280,000 1,820 Hardinge, Inc. 35,000 585 Hartmarx Corp. * 265,000 1,849 Heidrick & Struggles International, Inc. 28,000 904 * (g) ICO, Inc. * 115,000 298 InFocus Corp. * 265,000 848 Input/Output, Inc. * (g) 285,000 2,189 Jameson Inns, Inc. * (g) 145,700 303 K2, Inc. * (g) 90,000 903 KVH Industries, Inc. * 74,000 684 Lazare Kaplan International, Inc. * 165,000 1,536 LESCO, Inc. * 153,900 2,524 Lightbridge, Inc. * 91,000 737 Lydall, Inc. * 118,000 1,057 MAIR Holdings, Inc. * (g) 95,000 549 Material Sciences Corp. * 264,000 4,012 Maxwell Technologies, Inc. * (g) 142,000 1,781 Meade Instruments Corp. * 396,000 1,045 Meadowbrook Insurance Group * 210,000 1,152 Medical Action Industries, Inc. * 70,000 1,315 MEDTOX Scientific, Inc. * 131,000 850 MGP Ingredients, Inc. (g) 125,000 1,342 MHI Hospitality Corp. 115,000 1,047 Michael Baker Corp. * 34,000 886 Monterey Pasta Co. * 423,000 1,819 Nanometrics, Inc. * (g) 127,000 1,314 National Atlantic Holdings Corp. * 170,000 1,912 National Dentex Corp. * 96,000 1,872 North Pointe Holdings Corp. * 70,000 790 Northwest Pipe Co. * 29,000 656 Olympic Steel, Inc. * (g) 52,000 925 On Assignment, Inc. * 280,000 2,383 OSI Systems, Inc. * (g) 136,000 2,258 Osteotech, Inc. * 250,000 850 Overland Storage, Inc. * 56,000 455 PAM Transportation Services, Inc. * 45,000 763 PAREXEL International Corp. * 20,000 438 Perceptron, Inc. * 90,213 586 Pharmacopeia, Inc. * 208,000 782 Planar Systems, Inc. * 110,000 981 Plato Learning, Inc. * 247,000 1,749 Poore Brothers, Inc. * 160,000 562 Powell Industries, Inc. * 80,000 1,678 ProCentury Corp. 110,000 1,118 R.G. Barry Corp. * 168,000 1,050 Rewards Network, Inc. * (g) 175,000 943 Rockford Corp. * (g) 275,050 930 Rocky Shoes & Boots, Inc. * 62,000 1,533 Russ Berrie & Co., Inc. 90,000 1,214 Sea Containers, Ltd. 161,000 1,805 SEMCO Energy, Inc. * 124,500 747 Skechers U.S.A., Inc. * 145,000 1,837 SNB Bancshares, Inc. * 70,000 770 SonicWALL, Inc. * 380,000 2,645 Southcoast Financial Corp. * 36,300 835 Standard Register Co. 94,000 1,428 Stepan Co. 154,000 3,942 Strategic Distribution, Inc. * 96,800 1,064 Superior Uniform Group, Inc. 58,000 673 SupportSoft, Inc. * 220,000 882 Symmetricom, Inc. * 285,000 2,272 Tasty Baking Co. 73,000 591 The Rowe Cos. * 205,000 543 Top Tankers, Inc. 104,000 1,340 Transport Corp. of America, Inc. * 140,000 1,350 U. S. Concrete, Inc. * 70,000 427 U.S. Xpress Enterprises, Inc., A Shares 132,000 1,610 * Universal Electronics, Inc. * 83,000 1,438 Vignette Corp. * 33,000 548 White Electronic Designs Corp. * 197,000 1,015 Willbros Group, Inc. * 110,000 1,717 Wolverine Tube, Inc. * 100,000 638 Zomax, Inc. * 350,000 928 --- TOTAL COMMON STOCKS 139,462 ------- INVESTMENT COMPANIES (1.1%) Equus II, Inc. 139,801 1,224 MVC Capital 30,000 338 --- TOTAL INVESTMENT COMPANIES 1,562 ----- INVESTMENTS IN AFFILIATES (3.0%) Fifth Third Institutional Money Market Fund 4,370,834 4,371 ----- TOTAL INVESTMENTS IN AFFILIATES 4,371 ----- SHORT-TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING (12.0%) Pool of various securities for Fifth Third Funds $ 17,511 17,511 ------ TOTAL SHORT-TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING 17,511 ------ TOTAL (COST $133,290) + - 112.1% $162,906 ========
- ------------ Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS.
FIFTH THIRD SMALL CAP VALUE FUND Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares) SHARES OR PRINCIPAL AMOUNT VALUE COMMON STOCKS (94.5%) Agrium, Inc. 121,800 $ 2,583 Anixter International, Inc. (g) 67,400 2,499 Ann Taylor Stores Corp. * (g) 100,000 2,427 Applied Films Corp. * 31,000 602 Arkansas Best Corp. 37,000 1,434 Avnet, Inc. * (g) 34,000 784 Axcelis Technologies, Inc. * 61,000 265 Big Lots, Inc. * (g) 140,000 1,620 Black Hills Corp. (g) 69,400 2,886 Bob Evans Farms, Inc. (g) 135,000 3,025 Borland Software Corp. * 210,000 1,060 Cambior, Inc. * 115,000 208 Cash America International, Inc. 115,000 2,514 Coca-Cola Femsa, SA de CV ADR (g) 75,000 1,928 Coeur d'Alene Mines Corp. * (g) 352,000 1,327 Colonial Properties Trust 15,000 656 Commercial Capital Bancorp., Inc. 86,300 1,386 Community Health System, Inc. * 69,000 2,560 Credence Systems Corp. * (g) 253,600 1,953 Dot Hill Systems Corp. * 86,000 596 EGL, Inc. * (g) 127,200 3,565 Eldorado Gold Corp. * 436,700 1,328 Endurance Specialty Holdings, Ltd. 95,000 3,150 Georgia Gulf Corp. 86,900 2,529 Golden Star Resources, Ltd. * (g) 152,000 378 Hain Celestial Group, Inc. * 189,000 3,652 Headwaters, Inc. * (g) 30,000 955 Horace Mann Educators Corp. (g) 53,000 1,029 Houston Exploration Co. * 20,000 1,031 Input/Output, Inc. * (g) 336,500 2,584 Inter-Tel, Inc. (g) 7,600 141 Jackson Hewitt Tax Service, Inc. 70,000 1,730 Lubrizol Corp. 65,000 2,704 Methode Electronics, Inc. 140,000 1,436 Molina Healthcare, Inc. * (g) 25,000 514 Nordson Corp. 67,800 2,520 Odyssey Healthcare, Inc. * 117,000 2,022 Pacific Sunwear of California, Inc. * 88,800 2,222 Performance Food Group Co. * (g) 124,000 3,421 Perry Ellis International, Inc. * 117,500 2,431 Photronics, Inc. * 26,500 477 Piper Jaffray Cos., Inc. * 79,300 2,724 Platinum Underwriters Holdings, Ltd. 100,000 2,849 Polyone Corp. * (g) 260,700 1,504 PT Indosat TBK ADR (g) 60,000 1,446 Raymond James Financial, Inc. 88,300 3,005 Scottish Re Group, Ltd. (g) 150,900 3,705 Semitool, Inc. * 160,000 1,458 Service Corp. International 600,000 5,022 South Financial Group, Inc. 69,000 1,902 Standard Register Co. 179,000 2,721 Steris Corp. 80,000 1,825 Swift Transportation Co., Inc. * 20,000 365 The Steak n Shake Co. * 172,000 3,167 Tidewater, Inc. (g) 54,000 2,482 Tommy Hilfiger Corp. * 60,000 966 U.S. Xpress Enterprises, Inc., A Shares 105,000 1,281 * Vectren Corp. 75,200 2,042 Veritas DGC, Inc. * (g) 80,000 2,577 Westar Energy, Inc. 104,000 2,298 Wintrust Financial Corp. 63,400 3,404 WPS Resources Corp. 39,100 2,133 Yellow Roadway Corp. * 45,100 2,050 ----- TOTAL COMMON STOCKS 123,058 ------- INVESTMENTS IN AFFILIATES (5.4%) Fifth Third Institutional Money Market Fund 6,982,693 6,983 ----- TOTAL INVESTMENTS IN AFFILIATES 6,983 ----- SHORT-TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING (21.9%) Pool of various securities for Fifth Third Funds $ 28,499 28,499 ------ TOTAL SHORT-TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING 28,499 ------ TOTAL (COST $149,293) + - 121.8% $158,540 ========
- ------------ Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS.
FIFTH THIRD MULTI CAP VALUE FUND Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares) SHARES OR PRINCIPAL AMOUNT VALUE COMMON STOCKS (98.6%) Abbott Laboratories 35,000 $ 1,507 Alcoa, Inc. 100,000 2,429 Alltel Corp. 50,000 3,093 American Electric Power Co. (g) 50,000 1,898 American Express Co. 50,000 2,489 American International Group, Inc. 100,000 6,480 Ameritrade Holding Corp. * (g) 125,000 2,629 Anadarko Petroleum Corp. 45,000 4,082 Andrew Corp. * (g) 140,000 1,487 Applera Corp.- Celera Genomics Group 230,000 2,732 * (g) Applied Materials, Inc. 230,000 3,767 Archer-Daniels-Midland Co. 140,000 3,412 Bank of America Corp. (g) 120,000 5,248 Bank of New York Co., Inc. 140,000 4,381 Becton, Dickinson & Co. 20,000 1,015 Big Lots, Inc. * (g) 215,000 2,488 Bob Evans Farms, Inc. (g) 125,000 2,801 Borg Warner, Inc. 55,000 3,189 Bristol-Myers Squibb Co. 125,000 2,646 Cadbury Schweppes PLC ADR 60,000 2,381 Carnival Corp. (g) 15,000 745 Charles Schwab Corp. 250,000 3,799 Chevron Corp. 80,000 4,566 CIGNA Corp. 50,000 5,794 Coherent, Inc. * 100,000 2,961 ConAgra, Inc. 200,000 4,654 ConocoPhillips 120,000 7,845 CSX Corp. (g) 50,000 2,291 Deere & Co. 50,000 3,034 Dow Chemical Co. 50,000 2,293 Duke Energy Corp. (g) 110,000 2,913 E*TRADE Financial Corp. * 175,000 3,246 E. I. du Pont de Nemours & Co. 60,000 2,501 EMC Corp. * 165,000 2,303 Federated Department Stores, Inc. 34,265 2,103 Florida East Coast Industries, Inc. (g) 75,000 3,269 Foot Locker, Inc. 80,000 1,555 General Dynamics Corp. (g) 40,000 4,652 General Electric Corp. 135,000 4,578 Georgia Gulf Corp. 20,000 582 Georgia Pacific Corp. 40,000 1,301 Global Industries, Ltd. * 150,000 1,907 Goodyear Tire & Rubber Co. * (g) 100,000 1,564 H.J. Heinz Co. 70,000 2,485 Harris Corp. 120,000 4,931 Hartford Financial Services Group, Inc. 30,000 2,393 Health Management Associates, Inc., 50,000 1,071 Class A Hewlett-Packard Co. 160,000 4,487 Home Depot, Inc. 100,000 4,104 Honda Motor Co., Ltd. 75,000 2,086 Honeywell International, Inc. 150,000 5,129 Horace Mann Educators Corp. (g) 220,000 4,270 Humana, Inc. * 150,000 6,658 IBM Corp. 50,000 4,094 Industrias Bachoco, S.A. ADR (g) 40,000 728 Intel Corp. 125,000 2,938 J.C. Penney Co., Inc. 30,000 1,536 J.P. Morgan Chase & Co. 180,000 6,591 JAKKS Pacific, Inc. * (g) 100,000 1,838 Jefferson-Pilot Corp. 100,000 5,488 Jones Apparel Group, Inc. 50,000 1,364 K2, Inc. * (g) 65,000 652 Kerr-McGee Corp. 34,815 2,961 KeyCorp 100,000 3,224 Laboratory Corp. of America Holdings 45,000 2,171 * Lubrizol Corp. 85,000 3,536 Manpower, Inc. 50,000 2,264 Marathon Oil Corp. 120,000 7,218 Masco Corp. 85,000 2,423 McDonald's Corp. 120,000 3,792 McKesson, Inc. 25,000 1,136 Merrill Lynch & Co., Inc. 90,000 5,826 Methode Electronics, Inc. 165,000 1,693 MetLife, Inc. 30,000 1,482 Molson Coors Brewing Co., Class B 25,000 1,543 Motorola, Inc. 200,000 4,432 National City Corp. 50,000 1,612 Natuzzi S.p.A. ADR 60,000 480 New York Community Bancorp, Inc. 100,000 1,617 New York Times Co. (g) 50,000 1,362 Newell Rubbermaid, Inc. 30,000 690 NiSource, Inc. 85,000 2,010 Pall Corp. 160,000 4,186 Payless ShoeSource, Inc. * (g) 175,000 3,215 Pepco Holdings, Inc. 165,000 3,546 Pfizer, Inc. 200,000 4,348 Piper Jaffray Cos., Inc. * 50,000 1,718 Royal Dutch Shell PLC ADR, A 60,000 3,722 Shares Safeway, Inc. 200,000 4,652 Schering-Plough Corp. 170,000 3,458 Schlumberger Ltd. (g) 55,000 4,992 Scientific-Atlanta, Inc. 45,000 1,595 Snap-On, Inc. (g) 30,000 1,081 Sprint Corp. 100,000 2,331 Standard Register Co. 200,000 3,040 Stanley Works 75,000 3,594 Stewart & Stevenson Services, Inc. 130,000 3,102 SunTrust Banks, Inc. 25,000 1,812 SUPERVALU, Inc. 150,000 4,715 Symmetricom, Inc. * 50,000 399 The Walt Disney Co. 135,000 3,290 Thomas & Betts Corp. * (g) 70,000 2,724 Tidewater, Inc. (g) 40,000 1,838 U.S. Bancorp. 80,000 2,366 Union Pacific Corp. 60,000 4,150 United States Steel Corp. 50,000 1,827 United Technologies Corp. 10,000 513 Verizon Communications, Inc. 125,000 3,939 Vishay Intertechnology, Inc. * (g) 75,000 851 Whirlpool Corp. (g) 45,000 3,533 Wyeth 40,000 1,782 Yellow Roadway Corp. * 30,000 1,364 ----- TOTAL COMMON STOCKS 328,608 ------- INVESTMENTS IN AFFILIATES (0.9%) Fifth Third Institutional Money Market Fund 2,914,855 2,915 ----- TOTAL INVESTMENTS IN AFFILIATES 2,915 ----- SHORT-TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING (14.2%) Pool of various securities for Fifth Third Funds $ 47,358 47,358 ------ TOTAL SHORT-TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING 47,358 ------ TOTAL (COST $291,010) + - 113.7% $378,881 ========
- ------------ Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS.
FIFTH THIRD DISCIPLINED LARGE CAP VALUE FUND Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares) SHARES OR PRINCIPAL AMOUNT VALUE COMMON STOCKS (96.8%) Abbott Laboratories 366,196 $15,765 Alcoa, Inc. 146,900 3,568 Alltel Corp. (g) 72,642 4,494 American Electric Power Co. (g) 316,613 12,019 American International Group, Inc. 170,491 11,048 Anadarko Petroleum Corp. 96,920 8,792 Bank of America Corp. (g) 315,332 13,793 Bank of New York Co., Inc. 486,600 15,226 Bristol-Myers Squibb Co. 315,312 6,675 Cadbury Schweppes PLC ADR 364,550 14,469 Carnival Corp. 194,600 9,666 Caterpillar, Inc. (g) 144,784 7,614 Chevron Corp. 269,596 15,386 CIT Group, Inc. 103,692 4,742 ConAgra, Inc. 266,557 6,203 ConocoPhillips 317,905 20,785 Deere & Co. 95,300 5,783 Dow Chemical Co. 287,344 13,178 E. I. du Pont de Nemours & Co. 192,600 8,029 Federated Department Stores, Inc. 37,007 2,271 FPL Group, Inc. 195,062 8,399 Gannett, Inc. 194,055 12,159 General Dynamics Corp. (g) 97,317 11,318 General Electric Corp. 146,000 4,951 H.J. Heinz Co. 389,700 13,834 Hartford Financial Services Group, Inc. 218,684 17,440 (g) Health Management Associates, Inc., 278,700 5,967 Class A Hewlett-Packard Co. 404,492 11,342 Honda Motor Co., Ltd. (g) 485,438 13,500 Honeywell International, Inc. 291,252 9,961 IBM Corp. 121,571 9,954 J.P. Morgan Chase & Co. (g) 449,885 16,475 KeyCorp 437,318 14,099 Laboratory Corp. of America Holdings * 72,900 3,517 (g) Lubrizol Corp. 145,200 6,039 Manpower, Inc. 97,200 4,401 Marathon Oil Corp. 271,599 16,339 Masco Corp. 194,050 5,530 McDonald's Corp. 377,588 11,932 Merrill Lynch & Co., Inc. 267,639 17,327 MetLife, Inc. 458,335 22,646 Molson Coors Brewing Co., Class B 230,300 14,210 National City Corp. 242,300 7,809 NiSource, Inc. 193,124 4,567 Parker Hannifin Corp. 194,775 12,208 Pfizer, Inc. 657,100 14,285 R.R. Donnelley & Sons Co. 96,600 3,383 Royal Dutch Shell PLC ADR, A 364,527 22,616 Shares Safeway, Inc. 487,200 11,332 Sprint Corp. 376,513 8,777 SunTrust Banks, Inc. (g) 267,341 19,378 United Technologies Corp. 169,600 8,697 Verizon Communications, Inc. 511,272 16,109 ------ TOTAL COMMON STOCKS 580,007 ------- INVESTMENTS IN AFFILIATES (3.3%) Fifth Third Institutional Money Market Fund 19,532,966 19,533 ------ TOTAL INVESTMENTS IN AFFILIATES 19,533 ------ SHORT-TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING (9.8%) Pool of various securities for Fifth Third Funds $ 58,833 58,833 ------ TOTAL SHORT-TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING 58,833 ------ TOTAL (COST $550,769) + - 109.9% $658,373 ========
- ------------ Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS.
FIFTH THIRD LIFEMODEL AGGRESSIVE FUNDSM Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares) SHARES VALUE INVESTMENTS IN AFFILIATES (h) (100.1%) Fifth Third Disciplined Large Cap Value 1,627,430 $ 24,102 Fund Fifth Third Institutional Money Market Fund 1,573,508 1,574 Fifth Third Intermediate Bond Fund 381,670 3,683 Fifth Third International Equity Fund* 1,427,651 16,204 Fifth Third Large Cap Core Fund 1,357,955 19,283 Fifth Third Mid Cap Growth Fund * 922,044 14,384 Fifth Third Multi Cap Value Fund 443,664 11,265 Fifth Third Quality Growth Fund * 2,127,179 33,587 Fifth Third Small Cap Growth Fund * 562,112 8,274 Fifth Third Small Cap Value Fund * 294,827 6,345 ----- TOTAL INVESTMENTS IN AFFILIATES 138,701 ------- TOTAL (COST $117,842) + - 100.1% $138,701 ========
- ------------ Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS.
FIFTH THIRD LIFEMODEL MODERATELY AGGRESSIVE FUNDSM Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares) SHARES VALUE INVESTMENTS IN AFFILIATES (h) (100.0%) Fifth Third Bond Fund 1,621,551 $ 16,086 Fifth Third Disciplined Large Cap Value 2,778,491 41,149 Fund Fifth Third Institutional Money Market Fund 2,344,001 2,344 Fifth Third Intermediate Bond Fund 3,010,685 29,053 Fifth Third International Equity Fund* 2,564,946 29,112 Fifth Third Large Cap Core Fund 2,229,428 31,658 Fifth Third Mid Cap Growth Fund * 1,521,441 23,734 Fifth Third Multi Cap Value Fund 732,740 18,604 Fifth Third Quality Growth Fund * 3,605,364 56,930 Fifth Third Short Term Bond Fund 2,068,989 19,262 Fifth Third Small Cap Growth Fund * 845,691 12,449 Fifth Third Small Cap Value Fund * 443,076 9,535 ----- TOTAL INVESTMENTS IN AFFILIATES 289,916 ------- TOTAL (COST $255,176) + - 100.0% $289,916 ========
Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS.
FIFTH THIRD LIFEMODEL MODERATE FUNDSM Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares) SHARES VALUE INVESTMENTS IN AFFILIATES (h) (100.0%) Fifth Third Bond Fund 5,113,300 $ 50,724 Fifth Third Disciplined Large Cap Value 3,438,739 50,928 Fund Fifth Third Institutional Money Market Fund 1,502,742 1,503 Fifth Third Intermediate Bond Fund 9,218,608 88,960 Fifth Third International Equity Fund * 3,543,235 40,216 Fifth Third Large Cap Core Fund 2,748,615 39,030 Fifth Third Mid Cap Growth Fund * 1,851,733 28,887 Fifth Third Multi Cap Value Fund 890,157 22,601 Fifth Third Quality Growth Fund * 4,514,911 71,290 Fifth Third Short Term Bond Fund 6,501,161 60,526 Fifth Third Small Cap Growth Fund * 1,040,194 15,312 Fifth Third Small Cap Value Fund * 544,258 11,712 ------ TOTAL INVESTMENTS IN AFFILIATES 481,689 ------- TOTAL (COST $455,711) + - 100.0% $481,689 ========
- ------------ Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS.
FIFTH THIRD LIFEMODEL MODERATELY CONSERVATIVE FUNDSM Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares) SHARES VALUE INVESTMENTS IN AFFILIATES (h) (100.1%) Fifth Third Bond Fund 1,328,178 $ 13,176 Fifth Third Disciplined Large Cap Value 651,704 9,652 Fund Fifth Third Institutional Money Market Fund 2,109,380 2,109 Fifth Third Intermediate Bond Fund 2,463,737 23,775 Fifth Third International Equity Fund * 673,118 7,640 Fifth Third Large Cap Core Fund 434,283 6,167 Fifth Third Mid Cap Growth Fund * 280,207 4,371 Fifth Third Multi Cap Value Fund 134,637 3,418 Fifth Third Quality Growth Fund * 838,278 13,236 Fifth Third Short Term Bond Fund 1,700,391 15,831 Fifth Third Small Cap Growth Fund * 141,998 2,090 Fifth Third Small Cap Value Fund * 74,195 1,597 ----- TOTAL INVESTMENTS IN AFFILIATES 103,062 ------- TOTAL (COST $95,508) + - 100.1% $103,062 ========
- ------------ Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS.
FIFTH THIRD LIFEMODEL CONSERVATIVE FUNDSM Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares) SHARES VALUE INVESTMENTS IN AFFILIATES (h) (100.2%) Fifth Third Bond Fund 1,061,208 $10,527 Fifth Third Disciplined Large Cap Value 243,770 3,610 Fund Fifth Third Institutional Money Market Fund 115,108 115 Fifth Third Intermediate Bond Fund 1,956,392 18,878 Fifth Third International Equity Fund * 190,399 2,161 Fifth Third Large Cap Core Fund 125,760 1,786 Fifth Third Mid Cap Growth Fund * 75,036 1,171 Fifth Third Multi Cap Value Fund 36,125 917 Fifth Third Quality Growth Fund * 309,606 4,889 Fifth Third Short Term Bond Fund 1,359,461 12,657 Fifth Third Small Cap Growth Fund * 66,763 983 Fifth Third Small Cap Value Fund * 34,896 751 --- TOTAL INVESTMENTS IN AFFILIATES 58,445 ------ TOTAL (COST $57,220) + - 100.2% $58,445 =======
- ------------ Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS.
FIFTH THIRD STRATEGIC INCOME FUND Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares) SHARES OR PRINCIPAL AMOUNT VALUE COMMON STOCKS (6.5%) Abbott Laboratories 11,575 $ 498 Altria Group, Inc. 15,650 1,175 American Capital Strategies Ltd. (g) 30,800 1,157 Bank of America Corp. 19,900 870 BB&T Corp. 4,800 203 Chevron Corp. 8,430 481 Citigroup, Inc. 16,925 775 FPL Group, Inc. 13,650 588 General Electric Corp. 10,735 364 Marshall & Ilsley Corp. 4,400 189 North Fork Bancorp., Inc. 10,500 266 PepsiCo, Inc. 1,800 106 Procter & Gamble Co. 11,030 618 Southern Co. (g) 14,900 521 Sysco Corp. 9,525 304 U.S. Bancorp. 20,000 592 Verizon Communications, Inc. 6,950 219 Wachovia Corp. (g) 11,475 580 Wells Fargo & Co. 15,945 960 --- TOTAL COMMON STOCKS 10,466 ------ CORPORATE BONDS (24.5%) Amvescap PLC, 5.38%, 2/27/13 $ 500 495 Bankers Trust New York, 7.25%, 1,000 1,108 10/15/11 Bear Stearns Cos., Inc., 4.65%, 7/2/18 1,000 923 Bear Stearns Cos., Inc., Series 912 909 2003-AC7, Class A2, 5.25%, 1/25/34 Citibank Credit Card Issuance Trust, 500 481 3.10%, 3/10/10 Comcast Cable, 7.13%, 6/15/13 500 541 Core Invest Grade Trust, 4.66%, 454 449 11/30/07 Countrywide Home Loans, 4.59%, 1,532 1,458 10/25/33 Countrywide Home Loans, 5.10%, 643 631 4/20/35 (d) Cullen/Frost Cap Trust I, 5.42%, 3/1/34 1,000 1,029 (d) CVS Corp., 7.77%, 1/10/12 856 942 Deutsche Mortgage Securities, Inc., 710 705 Series 2004-2, Class A3, 3.78%, 1/25/34 Developers Diversified Realty, 3.88%, 1,000 959 1/30/09 Emigrant Cap Trust I, 5.73%, 12/10/33 1,000 993 (d) First Tennessee Cap II, 6.30%, 1,500 1,485 4/15/34 Ford Motor Credit Co., 7.00%, 10/1/13 1,500 1,373 (g) Goldman Sachs Group, Inc., 5.25%, 1,000 989 10/15/13 HBOS PLC, 5.38%, 11/1/13 (d) 2,000 1,978 Hutchison Whampoa International, Ltd., 1,000 1,048 6.50%, 2/13/13 HVB Funding Trust I, 8.74%, 6/30/31 1,000 1,277 International Lease Finance Corp., 1,000 980 4.38%, 11/1/09 Kraft Foods, Inc., 6.25%, 6/1/12 1,500 1,577 Lehman Brothers Holdings, 4.28%, 1,000 1,000 10/22/08 (d) Lehman Brothers TRAINS, 6.50%, 493 500 8/15/08 (d) (e) Marsh & McLennan Cos., Inc., 5.88%, 500 448 8/1/33 Merrill Lynch Mortgage Investors, Inc., 233 234 Series 2003-A1, Class 2A, 4.53%, 12/25/32 Motorola, Inc., 6.50%, 11/15/28 500 537 Pacific Gas & Electric, 4.20%, 3/1/11 1,000 952 Pemex Project Funding Master Trust, 1,000 1,070 7.88%, 2/1/09 Public Service Oklahoma, 4.85%, 500 492 9/15/10 Radian Group, Inc., 5.63%, 2/15/13 500 499 RBS Capital Trust, Class B, 6.80%, 500 505 3/31/08 SLM Corp., 3.66%, 4/1/09 (d) 1,000 975 SLM Corp., 3.81%, 2/1/10 (d) 1,000 966 SLM Corp., 5.65%, 11/21/13 (d) 1,000 976 Sprint Capital Corp, 8.38%, 3/15/12 1,500 1,731 TCI Communications, Inc., 7.88%, 1,100 1,240 8/1/13 Union Pacific Corp., 3.63%, 6/1/10 500 469 Union Planters Corp., 4.38%, 12/1/10 500 485 Washington Mutual, Inc., 4.82%, 104 104 10/25/32 Washington Mutual, Inc., Series 1,500 1,483 2003-AR10, Class A4, 4.08%, 10/25/33 Wells Fargo Mortgage Backed Securities 1,000 929 Trust, 4.98%, 11/25/34 Weyerhaeuser Co., 7.38%, 3/15/32 (g) 1,500 1,616 ----- TOTAL CORPORATE BONDS 39,541 ------ FOREIGN BONDS (1.3%) Korea Development Bank, 3.88%, 1,000 962 3/2/09 Russian Federation, 8.25%, 3/31/10 1,000 1,066 ----- TOTAL FOREIGN BONDS 2,028 ----- CORPORATE BOND EQUIVALENTS (C) (39.9%) AAG Holding Co., Inc., $1.17 20,000 505 Abbey National PLC, Series B $1.84 24,900 651 Abbey National PLC, Series C $1.84 60,600 1,560 AMBAC Financial Group, Inc., $1.49 54,100 1,307 AMBAC Financial Group, Inc., $1.75 52,895 1,344 BAC Capital Trust I, $1.75 64,500 1,641 BAC Capital Trust VI, $1.75 48,600 1,264 Bank One Capital V, $2.00 76,300 1,925 BBC Capital Trust II, $2.13 31,000 804 Bear Stearns Capital Trust III, $1.95 58,900 1,483 Citigoup Capital VII, $1.78 124,925 3,195 Cleveland Electric Financial Trust I, 10,000 261 $2.25 Consolidated Edison, $1.81 50,700 1,307 Corp-Backed Trust Certs (CBTCS), 60,000 1,528 $1.53 Corp-Backed Trust Certs (CBTCS), 33,500 834 $1.56 Corp-Backed Trust Certs (CBTCS), 15,800 405 $1.80 Corp-Backed Trust Certs (CBTCS), 2,200 57 $1.97 Corp-Backed Trust Certs (CBTCS), 7,800 202 $2.06 Corp-Backed Trust Certs (CBTCS), 1,800 47 $2.20 Corts Countrywide Capital II, $2.00 10,000 260 Corts Trust II Safeco Capital I, $2.18 10,000 260 Corts-First Union Capital II, $1.88 17,700 454 Corts-Sherwin Williams, $1.81 17,600 452 Corts-TR Verizon Global, $3.13 54,500 1,445 Developers Diversified Realty, $2.15 48,300 1,246 Dominion CNG Capital Trust I, $1.95 39,800 1,013 Duke Realty Corp. $1.67 30,000 743 Duke Realty Corp., $2.11 40,800 1,036 Duquesne Light Co., $1.68 24,000 612 Energy East Capital, $2.06 5,000 127 Entergy Arkansas, Inc., $1.50 80,600 1,981 Entergy Mississippi, Inc., $1.50 29,300 722 Federal Realty Investment Trust, $2.13 43,300 1,107 (g) Financial Security Assurance Holdings, 90,750 2,262 $1.56 Fleet Captial Trust VII, $1.80 29,200 744 General Electric Capital Corp., $1.53 19,000 480 General Electric Capital Corp., $1.66 59,000 1,505 Glenborough Realty, Series A, $1.94 20,661 522 Harris Preferred Capital, Series A, 31,800 806 $1.84 HRPT Properties Trust, $2.47 26,100 659 HRPT Properties Trust, Series B, 22,900 595 $2.19 HSBC Finance Corp. $1.72 32,800 835 HSBC USA, Inc., $1.23 60,000 1,516 Huntington Preferred Cap, Inc., $1.97 15,507 448 ING Group NV, $1.80 41,200 1,063 Kimco Reality Preferred, $1.66 39,994 1,018 MBNA Corp., $1.88 28,400 714 MBNA Corp., $2.03 37,800 987 Merrill Lynch Preferred Capital, $0.99 80,000 2,017 ML Capital Trust III, $1.75 9,800 250 Morgan Stanley Capital II, $1.81 61,525 1,553 National Rural Utility CFC, $1.91 10,000 254 Nordstrom (CBTCS), $1.91 10,000 254 Preferred Plus Trust NAI-1, $2.01 4,400 114 PS Business Parks, Inc., $2.38 10,000 256 Public Credit & Repack Securities, 15,600 398 $1.78 Public Storage, Inc., Series A, $2.45 15,000 420 Public Storage, Inc., Series S, $1.97 10,000 256 Puget Sound Energy Capital Trust, 13,700 349 $2.10 Regions Financial Trust I, $2.00 66,500 1,682 Rouchester Gas & Electric, $1.66 42,800 1,102 Saturns JPM, $1.78 12,000 309 Stilwell Financial, $1.97 36,800 933 Suntrust Capital V, $1.76 46,600 1,188 Torchmark Capital Trust I, $1.94 58,819 1,498 USB Capital V, $1.81 14,100 360 Wachovia Funding, Series A, $1.81 79,000 2,169 Wells Fargo Capital Trust V, $1.75 18,600 476 Wells Fargo Capital Trust VI, $1.74 74,550 1,892 Wells Fargo Capital Trust VII, $1.46 33,500 791 --- TOTAL CORPORATE BOND EQUIVALENTS 64,453 ------ PREFERRED STOCKS (C) (5.8%) Equity Residential Properties, $2.15 24,500 649 Fannie Mae, $1.77 8,800 334 Fannie Mae, $2.91 8,500 395 First Tennessee Bank, $44.98 (e) 1,000 999 Freddie Mac, $2.50 20,000 811 Freddie Mac, $2.55 (g) 10,000 423 Freddie Mac, $2.85 25,500 1,219 Goldman Sachs Group, Inc., $1.16 40,000 1,014 Lehman Brothers, $1.92 50,000 1,259 MetLife, Inc., $1.22 (g) 40,000 1,024 Source Capital, $2.40 35,600 1,202 ----- TOTAL PREFERRED STOCKS 9,329 ----- REAL ESTATE INVESTMENT TRUSTS (i) (8.5%) AMB Property Corp. 9,450 418 Developers Diversified Realty, Corp. 14,500 633 Duke-Weeks Realty Corp. 21,500 733 Equity Residential Properties Trust (g) 21,700 852 Health Care Property Investors, Inc. (g) 35,750 910 Kimco Realty Corp. 67,000 1,985 Mills Corp. 12,900 690 ProLogis 18,750 806 Simon Property Group, Inc. 30,504 2,184 Thornburg Mortgage, Inc. (g) 41,600 1,055 Vornado Realty Trust (g) 22,100 1,790 Weingarten Realty Investors 49,575 1,763 ----- TOTAL REAL ESTATE INVESTMENT TRUSTS 13,819 ------ U.S. GOVERNMENT AGENCIES (2.4%) FANNIE MAE (1.1%) 5.13%, 1/2/14 $ 1,000 994 4.28%, 7/1/18 836 821 --- 1,815 ----- GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (1.3%) 5.50%, 8/16/27 1,150 1,166 4.89%, 7/16/34 1,000 969 --- 2,135 ----- TOTAL U.S. GOVERNMENT AGENCIES 3,950 ----- U.S. TREASURY NOTES (1.3%) 7.00%, 7/15/06 2,000 2,036 ----- TOTAL U.S. TREASURY NOTES 2,036 ----- INVESTMENT COMPANIES (8.3%) 1838 Bond Debenture Trading 127,000 2,248 American Income Fund, Inc. 135,400 1,053 Blackrock Income Trust 108,600 641 Blackrock North American Government 225,000 2,453 Income Eaton Vance Tax-Advantaged Dividend 23,600 508 Income Fund ING Prime Rate Trust 160,400 1,076 MFS Government Markets Income 217,400 1,402 Trust MFS Intermediate Income Trust 49,000 308 Pioneer Interest Shares 90,700 975 Templeton Global Income Fund, Inc. 61,374 505 Van Kampen Bond Fund 64,800 1,088 Van Kampen Senior Income Trust 152,000 1,195 ----- TOTAL INVESTMENT COMPANIES 13,452 ------ INVESTMENTS IN AFFILIATES (0.6%) Fifth Third Institutional Money Market Fund 1,044,168 1,044 ----- TOTAL INVESTMENTS IN AFFILIATES 1,044 ----- SHORT-TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING (5.0%) Pool of various securities for Fifth Third $ 8,123 8,123 ----- Funds TOTAL SHORT-TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING 8,123 ----- TOTAL (COST $164,951) + - 104.1% $168,241 ========
- ------------ Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS.
FIFTH THIRD DIVIDEND GROWTH FUND Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares) SHARES OR PRINCIPAL AMOUNT VALUE COMMON STOCKS (99.8%) Abbott Laboratories 18,190 $ 783 Altria Group, Inc. 5,700 428 American International Group, Inc. 6,275 407 Apache Corp. 1,550 99 Automatic Data Processing, Inc. 3,875 181 Bank of America Corp. 6,310 276 Becton, Dickinson & Co. 12,100 614 C.H. Robinson Worldwide, Inc. 14,575 514 Chevron Corp. 6,230 356 Cincinnati Financial Corp. 5,930 252 Citigroup, Inc. 2,950 135 Coca-Cola Co. 13,940 596 Compass Bancshares, Inc. 5,230 255 Ecolab, Inc. 12,005 397 Eli Lilly & Co. 5,800 289 Emerson Electric Corp. 9,405 654 Exxon Mobil Corp. 13,755 772 General Dynamics Corp. 4,000 465 General Electric Corp. 28,550 968 Graco, Inc. 7,920 271 Home Depot, Inc. 13,900 571 Johnson & Johnson 15,875 995 Johnson Controls, Inc. 7,925 539 Kellogg Co. 6,600 291 Lowe's Cos., Inc. 6,155 374 Marshall & Ilsley Corp. 16,380 704 McGraw-Hill Cos., Inc. 3,300 162 Medtronic, Inc. 11,850 671 Microsoft Corp. 14,675 377 Nike, Inc., Class B 3,175 267 Nuveen Investments, Inc. 4,900 198 Paychex, Inc. 6,275 243 PepsiCo, Inc. 16,700 987 Praxair, Inc. 15,535 768 Procter & Gamble Co. 18,245 1,022 Stryker Corp. 4,050 166 Synovus Financial Corp. 16,200 445 Sysco Corp. 8,115 259 Target Corp. 3,950 220 The Hershey Company 9,225 524 U.S. Bancorp. 16,050 475 United Technologies Corp. 14,755 757 Wachovia Corp. (g) 13,300 672 Walgreen Co. 2,775 126 Wells Fargo & Co. 13,200 794 XTO Energy, Inc. 4,975 216 --- TOTAL COMMON STOCKS 21,535 ------ INVESTMENTS IN AFFILIATES (0.1%) Fifth Third Institutional Money Market Fund 11,989 12 -- TOTAL INVESTMENTS IN AFFILIATES 12 -- SHORT-TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING (2.5%) Pool of various securities for Fifth Third $ 542 542 --- Funds TOTAL SHORT-TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING 542 --- TOTAL (COST $22,188) + - 102.4% $22,089 =======
- ------------ Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS.
FIFTH THIRD TECHNOLOGY FUND Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares) SHARES OR PRINCIPAL AMOUNT VALUE COMMON STOCKS (99.5%) Advanced Micro Devices, Inc. * 2,750 $ 64 Amgen, Inc. * 25,350 1,920 ASML Holding NV * 65,000 1,104 Autodesk, Inc. 25,500 1,151 Avid Technology, Inc. * 37,500 1,846 Blackboard, Inc. * 51,000 1,433 Broadcom Corp., Class A * 38,250 1,624 Celgene Corp. * (g) 30,000 1,683 Comtech Telecommunications Corp. * 500 19 Comverse Technology, Inc. * (g) 46,000 1,155 Cytyc Corp. * (g) 50,000 1,268 Digital Insight Corp. * 22,500 671 Electronic Arts, Inc. * 34,000 1,933 EMC Corp. * 150,000 2,094 Foxhollow Technologies, Inc. * (g) 32,175 1,457 GameStop Corp., Class A * (g) 30,000 1,064 Getty Images, Inc. * (g) 24,000 1,993 Gilead Sciences, Inc. * 32,500 1,536 Informatica Corp. * 130,000 1,547 Infosys Technologies Ltd., ADR 500 34 Jabil Circuit, Inc. * 2,500 75 MedImmune, Inc. * (g) 40,000 1,399 Monster Worldwide, Inc. * (g) 53,500 1,756 NAVTEQ Corp. * 3,250 127 NCR Corp. * 750 23 NII Holdings, Inc. * 22,100 1,833 Pharmaceutical Product Development, 33,600 1,931 Inc. Protein Design Labs, Inc. * (g) 50,000 1,401 QUALCOMM, Inc. 50,000 1,987 Red Hat, Inc. * 75,000 1,742 Rockwell Automation, Inc. 33,600 1,786 Sepracor, Inc. * (g) 32,500 1,828 Tellabs, Inc. * 200,000 1,912 Ventiv Health, Inc. * 35,000 883 Vertex Pharmaceuticals, Inc. * (g) 70,000 1,593 ----- TOTAL COMMON STOCKS 45,872 ------ INVESTMENTS IN AFFILIATES (1.0%) Fifth Third Institutional Money Market Fund 460,327 460 --- TOTAL INVESTMENTS IN AFFILIATES 460 --- SHORT-TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING (26.4%) Pool of various securities for Fifth Third $ 12,154 12,154 ------ Funds TOTAL SHORT-TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING 12,154 ------ TOTAL (COST $56,905) + - 126.9% $58,486 =======
- ------------ Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS.
FIFTH THIRD INTERNATIONAL EQUITY FUND Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares) SHARES OR PRINCIPAL AMOUNT VALUE COMMON STOCK (0.1%) UNITED STATES (0.1%) Synthes, Inc. 2,168 $230 ---- TOTAL COMMON STOCK 230 --- FOREIGN STOCKS(j) (90.5%) AUSTRALIA (3.5%) Alumina, Ltd. 59,739 259 Amcor, Ltd. 46,386 233 AMP, Ltd. 31,657 173 Ansell, Ltd. 1,145 9 Australia & New Zealand Banking 14,034 248 Group, Ltd. Australian Gas & Light Co. 5,010 57 BHP Billiton, Ltd. 184,704 2,865 BlueScope Steel, Ltd. 37,741 240 Boral, Ltd. 30,732 174 Brambles Industries, Ltd. 25,713 163 Coca-Cola Amatil, Ltd. 18,944 108 Coles Myer, Ltd. 10,427 78 Commonwealth Bank of Australia 29,387 855 CSL, Ltd. 3,164 89 CSR, Ltd. 49,853 109 Foster's Group, Ltd. 46,300 201 Insurance Australia Group 43,892 170 James Hardie Industries NV 24,574 157 John Fairfax Holdings, Ltd. 8,521 26 Leighton Holdings, Ltd. 2,707 31 Lend Lease Corp., Ltd. 4,578 47 Macquarie Bank, Ltd. 5,426 264 Macquarie Infrastructure Group 81,453 210 Mayne Nickless, Ltd. 9,701 38 National Australia Bank, Ltd. 39,390 974 Newcrest Mining, Ltd. 17,110 234 Onesteel, Ltd. 29,255 77 Orica, Ltd. 14,750 212 Origin Energy, Ltd. 131,668 662 Paperlinx, Ltd. 23,747 55 Patrick Corp., Ltd. 12,024 62 QBE Insurance Group, Ltd. 17,030 227 Rinker Group, Ltd. 49,029 556 Rio Tinto, Ltd. (g) 16,022 677 Santos, Ltd. 98,619 808 Sonic Healthcare, Ltd. 1,643 18 Stockland Trust Group 455 2 Suncorp Metway, Ltd. 5,353 77 TABCORP Holdings, Ltd. 10,500 126 Telstra Corp., Ltd. 51,965 163 Transurban Group 6,115 29 Westfarmers, Ltd. 8,854 237 Westpac 21,491 334 Woodside Petroleum, Ltd. 78,682 1,858 Woolworths, Ltd. 27,586 337 --- 14,529 ------ AUSTRIA (0.8%) Bank Austria Creditanstalt 4,208 462 Boehler-Uddeholm AG 368 56 Erste Bank Der Oesterreichischen 13,922 724 Sparkassen AG Flughafen Wein AG 1,211 78 Immofinanz Immobilien Anlagen * 26,674 258 Mayr-Melnhof Karton AG 500 69 Oesterreichische Elektrizitaetswirtschafts 544 173 AG OMV AG 13,339 720 RHI AG * 1,954 54 Telekom Austria AG 19,977 413 Voest-Alpine Stahl AG 700 58 Wienerberger Baust 2,610 101 --- 3,166 BELGIUM (0.7%) Agfa Gevaert NV 1,931 42 Bekaert NV 325 27 Belgacom SA 3,263 109 Delhaize Group 1,553 90 Dexia 25,883 559 Fortis 36,918 1,052 Groupe Bruxelles Lambert SA 1,616 147 InBev NV 3,790 151 KBC Bancassurance Holding SA 3,615 294 Solvay SA 1,841 214 UCB SA 4,219 208 Umicore 717 72 -- 2,965 ----- BERMUDA (0.2%) Cheung Kong Infrastructure Holdings, 20,000 62 Ltd. Esprit Holdings, Ltd. 49,500 350 Johnson Electric Holdings, Ltd. 70,000 63 Kerry Properties, Ltd. 18,799 47 Li & Fung, Ltd. 78,000 167 SCMP Group, Ltd. 14,000 5 Shagri-La Asia, Ltd. 47,021 66 Yue Yuen Industrial Holdings, Ltd. 20,500 52 -- 812 --- BRAZIL (0.3%) Aracruz Celulose SA, B Shares 10,000 39 Banco Itau Holding Financeira SA 10,000 240 Centrais Eletricas Brasileiras SA, B 2,443,000 42 Shares Companhia de Bebidas das Americas 73,000 21 Companhia Siderurgica Nacional SA 2,000 38 Companhia Vale do Rio Doce, A 12,100 445 Shares Souza Cruz SA 1,900 23 Tele Centro Oeste Celular Participacoes 2,000 18 SA Tele Norte Leste Participacoes SA 6,000 105 Telesp Celular Participacoes SA * 4,000 14 Unibanco - Uniao de Bancos Brasileiros 1,700 89 SA GDR Usinas Siderurgicas de Minas Gerais SA, 2,200 44 A Shares -- 1,118 ----- DENMARK (0.5%) A P Moller - Maersk AS 10 90 Danisco AS 900 57 Danske Bank 21,687 681 DSV AS 1,400 136 GN Store Nord AS 12,700 153 Novo Nordisk AS 10,730 552 Novozymes AS 1,850 97 TDC AS 5,900 330 Vestas Wind Systems AS * 5,550 120 William Demant Holdings AS * 1,000 45 -- 2,261 ----- FINLAND (1.3%) Cargotec Corp., B Shares * 1,677 50 Fortum Oyj 7,489 133 Kesko Oyj, B Shares 4,103 113 Kone Oyj, B Shares * 1,677 113 Metso Oyj, B Shares 4,716 123 Neste Oil Oyj * 2,291 71 Nokia Oyj 213,031 3,573 Outokumpo Oyj 9,396 121 Sampo Insurance Co. 13,856 212 Stora Enso Oyj (g) 20,205 259 TietoEnator Oyj 5,565 177 UPM-Kym'mene Oyj 17,759 342 Uponor Oyj 1,282 28 Wartsila Corp. Oyj, B Shares 2,611 72 -- 5,387 ----- FRANCE (7.8%) Accor SA 12,681 633 Alcatel * 58,712 689 Alstom * 3,934 188 Arcelor 16,705 397 Atos Origin SA * 1,078 74 Autoroutes du Sud de la France 4,131 230 AXA SA 86,515 2,505 BNP Paribas SA 40,417 3,064 Bouygues 12,609 622 Business Objects SA * 2,957 101 Cap Gemini * 4,365 160 Carrefour SA 24,625 1,094 Casino Guichard-Perrachon 2,238 153 CNP Assurances 2,917 203 Compagnie de Saint-Gobain 10,839 594 Compagnie Generale des Etablissements 3,038 164 Michelin Credit Agricole SA 16,973 497 Dassault Systems SA 2,314 119 Essilor International SA 2,213 182 Euronext NV 2,317 98 European Aeronautic Defence and Space 8,411 291 Co. France Telecom SA 49,410 1,284 Gecina SA 1,903 210 Groupe Danone 10,041 1,020 Hermes International 354 79 Imerys SA 1,191 82 Klepierre 1,607 151 L'Air Liquide SA 3,591 653 L'Oreal SA 8,747 643 Lafarge SA 5,590 460 Lagardere Group SCA 3,721 256 LVMH Moet-Hennessy Louis Vuitton 6,483 525 Neopost SA 1,658 160 Peugeot SA 3,461 210 PPR SA 1,689 177 Publicis Groupe 2,839 94 Renault SA 3,561 308 Safran SA 3,684 73 Sanofi-Aventis 39,554 3,167 Schneider Electric SA 7,778 639 Societe BIC SA 1,476 84 Societe Generale-A 15,897 1,815 Societe Television Francaise 1 3,496 90 Sodexho SA 5,019 195 STMicroelectronics NV 8,706 143 Suez SA 16,628 450 Technip-Coflexip SA 1,654 90 Thales SA 3,488 150 Thomson 6,464 122 Total SA (g) 21,125 5,320 Unibail Union Credit 2,597 343 Veolia Environnement 3,368 140 Vinci SA * 4,968 388 Vivendi Universal 23,213 729 Zodiac SA 1,683 92 -- 32,400 ------ GERMANY (6.8%) Adidas-Salomon AG 1,532 257 Allianz AG 22,113 3,113 Altana AG 3,346 189 BASF AG 17,733 1,276 Bayer AG 21,513 746 Bayerische Hypo- und Vereinsbank AG 19,795 553 * Beiersdorf AG 3,151 340 Celesio AG 3,785 320 Commerzbank AG 26,517 692 Continental AG 2,978 227 DaimlerChrysler AG 20,278 1,013 Deutsche Bank AG 31,378 2,932 Deutsche Boerse AG 7,805 734 Deutsche Lufthansa AG 9,721 130 Deutsche Post AG 27,941 624 Deutsche Telekom AG 149,078 2,635 Douglas Holdings AG 937 36 E.ON AG 32,323 2,928 Epcos AG * 2,206 27 Fresenius Medical Care AG 3,816 344 Henkel KGaA 3,549 304 Hypo Real Estate Holding AG 8,564 413 Infineon Technologies AG * 13,189 123 Karstadt AG * 516 6 Linde AG 3,010 215 MAN AG 5,558 258 Merck KGAA 2,696 223 Metro AG 6,672 302 Muenchener Rueckver AG 5,356 628 Porsche AG 187 135 ProSiebenSat. 1 Media AG 1,993 34 Puma AG Rudolf Dassler Sport 530 134 RWE AG 14,564 926 SAP AG 8,566 1,466 Schering AG 7,328 451 Siemens AG 34,161 2,535 Thyssen Krupp AG 12,156 247 TUI AG 8,210 160 Volkswagen AG 5,294 289 Wincor Nixdorf AG 900 79 -- 28,044 ------ GREAT BRITAIN (20.0%) Aegis Group PLC 34,975 77 AMEC PLC 10,675 64 Anglo American PLC 46,137 1,363 ARM Holdings PLC 37,424 72 Arriva PLC 10,995 112 Associated British Ports Holdings 17,945 174 PLC AstraZeneca PLC 65,003 2,917 Aviva PLC 102,672 1,212 BAA PLC 48,970 532 BAE Systems PLC 114,441 669 Balfour Beatty 19,327 104 Barclays PLC 238,322 2,361 Barratt Developments PLC 6,653 89 BBA Group PLC 27,548 142 Bellway PLC 3,499 54 Berkeley Group Holdings PLC * 3,666 56 BG Group PLC 121,902 1,070 BHP Billiton PLC 80,966 1,193 BOC Group PLC 16,635 328 Boots Group PLC 25,376 276 BP PLC 735,275 8,136 BPB PLC 18,793 243 Brambles Industries PLC 31,577 182 British Airways PLC * 22,875 122 British American Tobacco PLC 49,480 1,089 British Land Co. PLC 30,290 477 British Sky Broadcasting Group PLC 28,331 256 BT Group PLC 303,785 1,146 Bunzl PLC 14,440 144 Cable & Wireless PLC 88,382 181 Cadbury Schweppes PLC 83,589 823 Capita Group PLC 37,558 259 Carnival PLC 9,335 474 Centrica PLC 63,309 267 Cobham PLC * 42,838 117 Compass Group PLC 112,548 379 Corus Group PLC 147,543 125 Daily Mail & General Trust 8,477 94 Davis Service Group PLC 2,949 24 De La Rue PLC 12,822 89 Diageo PLC 154,707 2,286 Dixons Group PLC 51,800 132 Electrocomponents PLC 18,604 75 EMAP PLC 7,086 103 EMI Group PLC 22,340 85 Enterprise Inns PLC 18,788 259 Exel PLC 17,009 363 FirstGroup PLC 23,530 137 FKI PLC 19,992 36 Friends Provident PLC 78,256 244 George Wimpey PLC 10,884 79 GKN PLC 19,649 97 Glaxosmithkline PLC 219,871 5,719 Group 4 Securicor PLC 20,148 54 GUS PLC 24,222 361 Hammerson PLC 16,510 261 Hanson PLC 23,931 243 Hays PLC 90,755 184 HBOS PLC 132,604 1,958 Hilton Group PLC 86,762 521 HSBC Holdings PLC 412,517 6,490 IMI PLC 18,334 137 Imperial Chemical Industries PLC 39,502 201 Imperial Tobacco Group PLC 20,578 590 InterContinental Hotels Group PLC 25,231 315 International Power PLC 2,065 8 Invensys PLC * 222,235 51 ITV PLC 97,501 179 J Sainsbury PLC 44,940 222 Johnson Matthey PLC 7,313 151 Kelda Group PLC 11,901 147 Kesa Electricals PLC 8,163 35 Kingfisher PLC 31,317 117 Land Securities Group PLC 27,166 668 Legal & General Group PLC 257,931 490 Liberty International PLC 14,557 240 Lloyds TSB Group PLC 181,162 1,485 Logica PLC 31,222 78 Marks & Spencer PLC 42,231 312 Meggitt PLC 19,751 106 Misys PLC 23,956 87 Mitchells & Butlers PLC 27,489 177 National Express Group PLC 8,899 129 National Grid PLC 84,582 773 Next PLC 6,598 156 Pearson PLC 20,364 226 Peninsular & Oriental Steam Navigation 38,107 272 Co. PLC Persimmon PLC 7,497 114 Pilkington PLC 40,431 110 Prudential Corp. PLC 70,167 589 Punch Taverns PLC 13,133 170 Rank Group PLC 30,376 159 Reckitt Benckiser PLC 23,680 715 Reed Elsevier PLC 32,223 294 Rentokil Initial PLC 98,695 268 Reuters Holding PLC 37,796 240 Rexam PLC 18,576 158 Rio Tinto PLC 35,078 1,340 Rolls-Royce Group PLC 53,901 348 Royal & Sun Alliance Insurance Group 104,989 179 PLC Royal Bank of Scotland Group PLC 81,803 2,265 Royal Dutch Shell PLC (g) 160,504 4,974 Royal Dutch Shell PLC, B Shares 117,783 3,842 Sage Group PLC 50,647 193 Scot Power PLC 54,703 535 Scottish & Southern Energy PLC 25,737 446 Serco Group PLC 26,026 122 Severn Trent PLC 12,279 208 Signet Group PLC 41,542 75 Slough Estates PLC 23,282 209 Smith & Nephew PLC 12,333 104 Smiths Industries PLC 18,789 303 Stagecoach Group PLC 47,328 90 Tate & Lyle PLC 28,676 235 Taylor Woodrow PLC 16,288 90 Tesco PLC 258,299 1,375 Tompkins PLC 34,975 163 Unilever PLC 137,697 1,396 United Business Media PLC 7,678 73 United Utilities PLC 697 8 Vodaphone Group PLC 2,261,558 5,934 Whitbread PLC 13,703 228 William Hill PLC 21,682 205 Wolseley PLC 20,336 414 WPP Group PLC 24,954 245 Yell Group PLC 17,214 135 --- 83,082 ------ GREECE (0.3%) Alpha Bank A.E. 10,080 289 EFG Eurobank Ergasias 6,029 181 National Bank of Greece SA 12,654 495 OPAP SA 7,500 217 Titan Cement Co. 1,900 65 -- 1,247 ----- HONG KONG (1.5%) ASM Pacific Technology, Ltd. 2,000 9 Bank of East Asia, Ltd. 65,981 193 BOC Hong Kong Holdings, Ltd. 167,500 313 Cathay Pacific Airways, Ltd. 45,000 71 Cheung Kong Infrastructure Holdings, 70,000 731 Ltd. CLP Holdings, Ltd. 84,680 486 Hang Lung Properties, Ltd. 85,000 122 Hang Seng Bank, Ltd. 35,500 461 Henderson Land Development, Ltd. 34,000 152 Hong Kong & China Gas Co., Ltd. 183,348 379 Hong Kong Electric Holdings, Ltd. 65,000 307 Hong Kong Exchanges & Clearing, 47,000 157 Ltd. Hopewell Holdings, Ltd. 28,000 68 Hutchison Telecommunications 61,000 77 International, Ltd. * Hutchison Whampoa, Ltd. 96,000 912 Hysan Development Co., Ltd. 28,628 62 MTR Corp. 63,490 120 New World Development Co., Ltd. 102,989 127 PCCW, Ltd. 165,047 101 Sino Land Company, Ltd. 35,741 40 Sun Hung Kai Properties, Ltd. 61,136 580 Swire Pacific, Ltd. 43,500 391 Techtronic Industries Co., Ltd. 42,500 105 Television Broadcasts, Ltd. 13,000 72 Wharf Holdings, Ltd. 55,600 190 --- 6,226 ----- INDONESIA (0.0%) PT Mulia Industrindo Tbk * 19,000 -# -- IRELAND (0.4%) Allied Irish Banks PLC 26,267 553 Allied Irish Banks PLC 735 15 Bank of Ireland 30,620 466 CRH PLC 2,383 60 CRH PLC 15,728 394 DCC PLC 998 19 Elan Corp. PLC * 13,458 110 Grafton Group PLC * 4,587 45 Independent News & Media PLC 4,663 13 Irish Life & Permanent PLC 2,120 37 Kerry Group PLC 1,368 29 -- 1,741 ----- ITALY (2.1%) Alleanza Assicurazioni SpA 6,388 74 Assicurazioni Generali 10,083 300 Autogrill SpA 5,655 77 Autostrade SpA 11,800 270 Banca Fideuram SpA 5,111 28 Banca Intesa SpA 94,547 441 Banca Intesa SpA-RNC 8,758 38 Banca Monte dei Paschi di Seina SpA 8,972 41 Banca Nazionale del Lavoro SpA * 12,674 41 Banca Popolare di Milano 3,503 33 Banche Popolari Unite Scrl 762 16 Banco Popolare di Verona e Novara 9,467 175 Scrl Benetton Group SpA 3,410 36 Capitalia SpA 3,808 20 Enel SpA 28,735 232 ENI SpA (g) 136,110 3,639 Fiat SpA * (g) 9,774 80 Finmeccanica SpA 11,053 201 Italcementi SpA 2,445 40 Luxottica Group SpA 4,210 102 Mediaset SpA 10,448 115 Mediobanca SpA 5,776 102 Mediolanum SpA (g) 3,841 24 Pirelli SpA 87,341 78 Riunione Adriatica di Sicurta SpA 3,377 77 San Paolo IMI SpA 38,944 562 Seat Pagine Gialle SpA * 49,681 23 Snam Rete Gas SpA 4,824 26 Telecom Italia SpA 305,881 885 Telecom Italia SpA, RNC 180,008 435 Tiscali SpA * 2,333 8 UniCredito Italiano SA 118,097 659 --- 8,878 ----- JAPAN (27.0%) Acom Co., Ltd. 4,720 307 Advantest 3,700 267 AEON Co., Ltd. 27,000 563 AEON Credit Service Co., Ltd. 1,300 102 Aiful Corp. 4,150 310 Ajinomoto Co., Inc. 31,400 306 Alps Electric Co., Ltd. 9,000 143 Amada Co., Ltd. 16,000 122 Asahi Breweries, Ltd. 20,900 261 Asahi Glass Co., Ltd. 62,800 681 Asahi Kasei Corp. 62,000 333 Asatsu, Ltd. 1,200 38 Astellas Pharma, Inc. 22,600 808 Bank of Kyoto, Ltd. 15,000 165 Bank of Yokohama, Ltd. 83,000 676 Benesse Corp. 2,700 96 Bridgestone Corp. 47,000 962 Canon, Inc. 38,800 2,054 Casio Computer Co., Ltd. 17,000 256 Central Japan Railway Co. 69 586 Chiba Bank, Ltd. 50,000 447 Chiyoda Corp. 10,000 172 Chubu Electric Power Co., Inc. 24,300 603 Chugai Pharmaceutical Co., Ltd. 11,304 248 Citizen Watch Co., Ltd. 15,100 115 COMSYS Holdings Corp. 9,000 102 Credit Saison Co., Ltd. 8,900 404 CSK Corp. 4,300 167 Dai Nippon Printing Co., Ltd. 22,600 369 Daicel Chemical Industries, Ltd. 9,000 58 Daiichi Sanko Co., Ltd. * 32,350 586 Daikin Kogyo Corp. 9,100 237 Dainippon Ink & Chemicals, Inc. 32,000 96 Daito Trust Construction Co., Ltd. 7,500 371 Daiwa House Co., Ltd. 38,600 518 Daiwa Securities Group, Ltd. 171,000 1,413 Denki Kagaku Kogyo Kabushiki Kaisha, 20,000 73 Ltd. Denso Corp. 34,350 980 Dentsu, Inc. 24 65 Dowa Mining Co., Ltd. 28,000 225 East Japan Railway Co. 198 1,180 Ebara Corp. 16,800 69 Eisai Co., Ltd. 12,802 503 FamilyMart Co., Ltd. 2,900 86 Fanuc Co., Ltd. 9,600 759 Fast Retailing Co., Ltd. 3,800 268 Fuji Electric Holdings Co., Ltd. 11,000 49 Fuji Photo Film Co., Ltd. 22,600 722 Fuji Television Network 29 65 Fujikura 14,000 91 Fujitsu, Ltd. 85,000 563 Furukawa Electric Co., Ltd. * 30,800 147 Hankyu Department Stores, Inc. 4,000 32 Hirose Electric Co., Ltd. 1,600 183 Hitachi Chemical Co., Ltd. 1,000 22 Hitachi Construction Machinery Co., 1,200 23 Ltd. Hitachi, Ltd. 154,000 947 Hokkaido Electric Power Co., Inc. 6,900 143 Hokuhoku Financial Group, Inc. 69,000 287 Honda Motor Co., Ltd. 48,051 2,670 Hoya Corp. 8,200 288 Hoya Corp., W/I * 11,700 405 Inpex Corp. 13 91 Isetan Co., Ltd. 10,500 188 Ishikawajima-Harima Heavy Industries 56,000 130 Co., Ltd. * Itochu Corp. 71,000 488 Itochu Techno-Science Corp. 2,400 92 Japan Airlines System Corp. 43,000 113 Japan Real Estate Investment Corp. 24 183 Japan Retail Fund Investment Corp. 21 152 Japan Tobacco, Inc. 35 554 JFE Holdings, Inc. 18,300 566 JGC Corp. 14,000 230 Joyo Bank, Ltd. 45,000 302 JS Group Corp. 12,800 217 JSR Corp. 8,200 193 Kajima Corp. 67,400 352 Kaneka Corp. 12,000 148 Kansai Electric Power Co., Inc. 33,800 743 Kao Corp. 28,000 669 Kawasaki Heavy Industries, Ltd. 57,000 150 Kawasaki Kisen Kaisha, Ltd. 4,000 25 Keihin Electric Express Railway Co., 13,000 83 Ltd. Keio Electric Railway Co., Ltd. 9,000 52 Keyence Corp. 1,600 370 Kikkoman Corp. 6,000 58 Kinki Nippon Railway Co., Ltd. 79,230 291 Kirin Brewery Co., Ltd. 43,400 481 Kobe Steel, Ltd. 90,000 265 Kokuyo Co., Ltd. 2,900 43 Komatsu, Ltd. 55,400 746 Komori Corp. 1,000 17 Konami Co., Ltd. 5,500 113 Konica Corp. 23,000 190 Kubota Corp. 76,000 553 Kuraray Co., Ltd. 19,500 185 Kurita Water Industries, Ltd. 3,500 59 Kyocera Corp. 8,000 519 Kyushu Electric Power Co., Inc. 15,200 326 Lawson, Inc. 2,600 100 Leopalace 21 Corp. 9,900 256 Mabuchi Motor Co., Ltd. 1,800 88 Marubeni Corp. 69,800 327 Marui Co., Ltd. 26,900 446 Matsushita Electric Industrial Co., Ltd. 98,000 1,799 Matsushita Electric Works 16,000 150 Meiji Seika Co., Ltd. 7,000 36 Meitec Corp. 1,300 42 Millea Holdings, Inc. 73 1,328 Minebea Co., Ltd. 19,000 74 Mitsubishi Chemical Holdigs Corp. * 43,500 271 Mitsubishi Corp. 62,300 1,220 Mitsubishi Electric Corp. 107,800 649 Mitsubishi Estate Co., Ltd. 101,000 1,501 Mitsubishi Heavy Industries, Ltd. 182,000 692 Mitsubishi Logistics Corp. 3,000 41 Mitsubishi Materials Corp. 91,000 315 Mitsubishi Rayon Co., Ltd. 27,000 125 Mitsubishi Tokyo Financial Group, 381 4,808 Inc. Mitsui & Co., Ltd. 76,800 942 Mitsui Chemicals, Inc. 24,000 144 Mitsui Fudosan Co., Ltd. 71,400 1,178 Mitsui Mining & Smelting Co., Ltd. 56,000 318 Mitsui O.S.K. Lines, Ltd. 10,000 71 Mitsui Sumitomo Insurance Co. 60,230 778 Mitsui Trust Holding, Inc. 39,513 477 Mitsukoshi, Ltd. 28,000 122 Mizuho Financial Group, Inc. 361 2,426 Murata Manufacturing Co., Ltd. 11,200 562 NEC Corp. 79,200 394 NEC Electronics Corp. 1,700 46 Net One Systems Co., Ltd. 38 73 New Oji Paper Co. 52,400 266 NGK Insulators, Ltd. 20,600 245 NGK Spark Plug Co., Ltd. 12,000 193 Nidec Corp. 2,400 140 Nidec Corp., W/I * 1,800 100 Nikko Cordial Corp. 30,000 367 Nikon Corp. 15,000 192 Nintendo Co., Ltd. 5,400 606 Nippon Building Fund, Inc. 28 222 Nippon Express Co., Ltd. 40,600 223 Nippon Meat Packers, Inc. 9,600 106 Nippon Mining Holdings, Inc. 25,500 188 Nippon Oil Co., Ltd. 76,600 650 Nippon Paper Group, Inc. 44 150 Nippon Sheet Glass Co., Ltd. 21,000 90 Nippon Steel Corp. 230,800 823 Nippon Telegraph and Telephone 322 1,535 Corp. Nippon Yusen Kabushiki Kaisha 60,000 363 Nishi-Nippon City Bank, Ltd. 34,000 200 Nissan Chemical Industries, Ltd. 7,000 81 Nissan Motors Co., Ltd. 143,400 1,499 Nisshin Seifun Group, Inc. 6,400 65 Nisshin Steel Co., Ltd. 9,000 29 Nisshinbo Industries, Inc. 3,000 29 Nissin Food Products Co., Ltd. 4,100 108 Nitto Denko Corp. 9,900 599 Nomura Holdings, Inc. 103,200 1,589 Nomura Research Institute, Ltd. 1,100 115 NSK, Ltd. 37,000 216 NTN Corp. 27,000 184 NTT Data Corp. 78 274 NTT DoCoMo, Inc. 455 788 Obayashi Corp. 44,000 322 OBIC Co., Inc. 600 98 Oki Electric Industry Co., Ltd. 33,000 103 Okumura Corp. 12,000 75 Olympus Optical Co., Ltd. 8,000 178 Omron Corp. 9,700 229 Onward Kashiyama Co., Ltd. 4,000 64 Oracle Corp. Japan 2,400 101 Oriental Land Co., Ltd. 2,700 150 Orix Corp. 6,900 1,294 Osaka Gas Co., Ltd. 91,200 334 Pioneer Electronic Corp. 8,601 108 Promise Co., Ltd. 5,750 365 Resona Holdings, Inc. * 240 700 Ricoh Co., Ltd. 32,000 507 Rohm Co., Ltd. 5,000 405 Sampo Japan Insurance, Inc. 41,000 617 Sanyo Electric Co., Ltd. (g) 81,000 169 Secom Co., Ltd. 9,100 456 Seiko Epson Corp. 4,800 118 Sekisui Chemical Co., Ltd. 20,000 126 Sekisui House, Ltd. 48,600 605 Seven & I Holdings Co., Ltd. * 36,180 1,181 Sharp Corp. 41,200 566 Shimachu Co., Ltd. 2,500 71 Shimamura Co., Ltd. 1,300 167 Shimano, Inc. 4,600 114 Shimizu Construction 47,600 325 Shin-Etsu Chemical Co. 18,948 912 Shinsei Bank, Ltd. 60,000 350 Shionogi & Co., Ltd. 16,000 195 Shisiedo Co., Ltd. 17,800 285 Shizuoka Bank, Ltd. 41,000 433 Showa Denko KK 32,000 103 Showa Shell Sekiyu KK 10,000 124 Skylark Co., Ltd. 7,000 116 SMC Corp. 3,400 454 Softbank Corp. 12,300 700 Sony Corp. 35,398 1,155 Stanley Electric Co., Ltd. 5,600 86 Sumitomo Bakelite Co. 6,000 40 Sumitomo Chemical Co., Ltd. 65,600 387 Sumitomo Corp. 46,200 520 Sumitomo Electric Industries 34,400 454 Sumitomo Heavy Industries, Ltd. 23,000 161 Sumitomo Metal Industry, Ltd. 136,000 472 Sumitomo Metal Mining Co., Ltd. 52,600 481 Sumitomo Mitsui Financial Group, 295 2,749 Inc. Sumitomo Osaka Cement Co., Ltd. 12,000 34 Sumitomo Realty & Development Co., 44,000 717 Ltd. Sumitomo Trust & Banking 59,000 501 T&D Holdings, Inc. 11,450 726 Taiheiyo Cement Corp. 29,000 105 Taisei Construction 63,000 280 Taisho Pharmaceutical Co. 3,913 70 Taiyo Yuden Co., Ltd. 5,000 49 Taka Shi Maya Co., Ltd. 18,000 241 Takara Holdings, Inc. 7,000 41 Takeda Pharmaceutical Co., Ltd. 42,300 2,327 Takefuji Corp. 4,130 290 Takuma Co., Ltd. 5,000 38 TDK Corp. 6,100 413 Teijin, Ltd. 42,400 254 Teikoku Oil Co., Ltd. 6,000 58 Terumo Corp. 9,500 288 The 77 Bank, Ltd. 21,000 168 The Bank of Fukuoka, Ltd. 39,000 305 The Daimaru, Inc. 17,000 208 THK Co., Ltd. 2,300 52 TIS, Inc. 2,951 69 Tobu Railway Co., Ltd. 32,600 140 Toho Co. 2,200 42 Tohoku Electric Power Co., Ltd. 18,900 386 Tokyo Broadcasting System, Inc. 6,600 187 Tokyo Electric Power Co., Inc. 51,700 1,285 Tokyo Electronics, Ltd. 8,800 441 Tokyo Gas Co., Ltd. 109,600 432 Tokyo Tatemono Co., Ltd. 16,000 134 Tokyu Corp. 47,400 260 Tonengeneral Sekiyu K.K. 17,000 189 Toppan Printing Co., Ltd. 23,600 228 Toray Co. 61,100 339 Toshiba Corp. 137,000 638 Tosoh Corp. 27,000 120 Toto, Ltd. 25,600 196 Toyo Seikan Kaisha, Ltd. 9,000 127 Toyota Industries Corp. 5,300 178 Toyota Motor Corp. 154,700 7,184 Trend Micro, Inc. 5,200 163 Uni-Charm Corp. 2,000 91 Uniden Corp. 4,000 69 UNY Co., Ltd. 6,000 75 Ushio, Inc. 3,000 56 USS Co., Ltd. 2,940 201 Wacoal Corp. 3,000 43 West Japan Railway Co. 22 78 Yahoo Japan Corp. 157 166 Yahoo Japan Corp. * 157 169 Yakult Honsha Co., Ltd. 5,000 122 Yamada Denki Co., Ltd. 6,100 539 Yamaha Corp. 6,300 112 Yamaha Motor Co., Ltd. 1,000 22 Yamato Transport Co., Ltd. 17,000 281 Yamazaki Baking Co., Ltd. 5,000 42 Yokogawa Electric Corp. 12,000 177 --- 111,629 ------- MEXICO (0.4%) Alfa, SA 6,000 35 America Movil SA de CV 349,000 456 Cemex SA de CV 57,000 296 Coca-Cola Femsa SA de CV * 3,000 8 Corporacion GEO SA de CV * 7,000 22 Fomento Economico Mexicano SA de 12,000 81 CV Grupo Carso SA de CV 14,000 30 Grupo Financiero Banorte SA de CV 6,000 51 Grupo Mexico SA de CV 21,000 41 Grupo Modelo SA de CV 10,000 31 Grupo Televisa SA 41,000 148 Kimberly Clark de Mexico SA de CV 10,000 33 Telefonos de Mexico SA de CV * 235,000 235 Urbi, Desarrollos Urbanos, SA de CV 2,000 13 * Wal-Mart de Mexico SA de CV 36,000 175 --- 1,655 ----- NETHERLANDS (2.8%) ABN AMRO Holding NV 81,360 1,923 Aegon NV 84,631 1,273 Akzo NV 9,089 392 ASML Holding NV * 20,394 345 Corio NV 3,575 203 Elsevier NV 17,002 229 Heineken NV 9,339 296 ING Groep NV 78,752 2,272 Koninklijke DSM NV 4,996 179 Koninklijke KNP NV 70,803 672 Oce NV 4,385 63 Philips Electronics NV 36,887 964 Rodamco Cont Eurpope NV 2,933 233 TNT Post Groep NV 17,981 424 Unilever NV 22,921 1,613 Vedior NV 5,687 76 VNU NV 6,408 204 Wereldhave 1,458 141 Wolters Kluwer NV CVA 8,971 166 --- 11,668 ------ NEW ZEALAND (0.0%) Auckland International Airport, Ltd. 7,148 10 Carter Holt Harvey, Ltd. 5,862 10 Contact Energy, Ltd. 2,639 13 Fisher & Paykel Appliances Holdings, 1,810 4 Ltd. Fisher & Paykel Industries, Ltd. 2,095 5 Fletcher Building, Ltd. 2,432 13 Sky City Entertainment Group, Ltd. 2,451 8 Telecom Corp. of New Zealand, Ltd. 12,253 51 The Warehouse Group, Ltd. 1,226 3 - 117 --- NORWAY (0.5%) DnB Holding ASA 13,396 137 Norsk Hydro ASA 4,842 481 Orkla SA 8,000 280 Schibsted ASA 1,250 36 Statoil ASA 23,600 524 Storebrand ASA 1,300 12 Tandberg ASA 5,800 57 Tandberg Television ASA * 3,000 37 Telenor ASA 23,000 225 Tomra Systems ASA 2,135 15 Yara International ASA 6,942 114 --- 1,918 ----- PORTUGAL (0.2%) Banco Commercial 88,339 223 BPI-SGPS SA 2,389 10 Brisa Auto-Estradas (g) 20,326 161 Energias de Portugal SA 12,673 36 Portugal Telecom SA 24,085 218 PT Multimedia-Servicos de 1,374 15 Telecomunicacoes e Multimedia, SGPS, SA * Sonae, SGPS SA 25,407 41 -- 704 --- RUSSIA (0.9%) AO VimpelCom ADR * 9,500 380 GMK Norilsk Nickel ADR 4,700 343 Lukoil ADR 31,200 1,720 Mobile TeleSystems, ADR 8,000 296 Oao Gazprom ADR * 3,816 221 RAO Unified Energy Systems, GDR * 5,127 181 Surgutneftegaz ADR (g) 8,600 404 Tatneft ADR 3,900 248 --- 3,793 ----- SINGAPORE (1.4%) Ascendas Real Estate Investment Trust 65,000 77 Capitaland, Ltd. 86,000 162 CapitaMall Trust 55,300 76 Chartered Semiconductor Manufacturing, 86,000 54 Ltd. * (g) City Developments, Ltd. 48,370 252 ComfortDelGro Corp., Ltd. 147,333 129 Creative Technology, Ltd. 4,705 35 DBS Group Holdings, Ltd. 90,945 823 Fraser & Neave, Ltd. 15,000 149 Jardine Cycle & Carriage, Ltd. 10,031 62 Keppel Corp., Ltd. 45,000 309 Keppel Land, Ltd. 32,000 72 Neptune Orient Lines, Ltd. 41,000 74 Oversea-Chinese Banking Corp., Ltd. 173,490 647 Overseas Union Enterprises 3,735 22 Parkway Holdings, Ltd. 54,000 63 SembCorp Industries, Ltd. 70,784 113 SembCorp. Marine, Ltd. 48,000 78 Singapore Airlines, Ltd. 42,000 279 Singapore Exchange, Ltd. 66,911 107 Singapore Land, Ltd. 13,000 40 Singapore Post, Ltd. 114,000 77 Singapore Press Holdings, Ltd. 128,743 341 Singapore Technology Engineering, 108,760 164 Ltd. Singapore Telecommunications, Ltd. 553,503 763 STATS ChipPAC, Ltd. * 85,000 47 United Overseas Bank, Ltd. 96,720 790 United Overseas Land, Ltd. 44,376 61 Venture Corp., Ltd. 18,445 136 --- 6,002 ----- SPAIN (2.9%) Abertis Infraestructuras (g) 11,460 313 Acciona SA 1,161 127 Acerinox, SA 6,095 80 Actividades de Construccion y Servicios, 8,608 246 SA Altadis SA 15,649 664 Antena 3 Television SA 1,864 36 Banco Bilbao Vizcaya-Argentari 114,108 2,010 Banco Popular Espanol SA 31,997 388 Banco Santander Central Hispano SA 159,759 2,037 (g) Cintra Concesiones de Infraestructuras de 10,618 126 Transporte SA Endesa SA 17,538 436 Fomento de Construcciones y Contratas 1,348 74 SA Gas Natural SDG SA (g) 24,257 663 Grupo Ferrovial SA 1,920 142 Iberdrola SA 14,967 401 Indra Sistemas SA 3,029 62 Industria de Diseno Textil SA 6,758 200 Repsol SA 28,366 845 Sociedad General De Aguas De 2,964 68 Barcelona SA Telefonica SA 188,874 3,014 Union Electric Penosa SA 3,153 104 Vallehermoso SA 3,020 80 -- 12,116 ------ SWEDEN (2.0%) Alfa Laval AB 900 17 Assa Abloy AB, Series B 12,150 174 Atlas Copco AB, A Shares 12,092 221 Atlas Copco AB, B Shares 7,200 118 Billerud 4,050 46 Electrolux AB, Series B 7,900 184 Eniro AB 4,900 54 Ericsson LM, Series B 593,737 1,948 Gambro AB, Series A 1,100 16 Getinge AB, B Shares 6,400 80 Hennes & Mauritz AB, Series B 12,550 407 Holmen AB 2,100 61 Modern Times Group MTG AB * 1,550 59 Nordea Bank AB 130,222 1,276 Sandvik AB 7,688 370 Scania AB, Series B 4,000 135 Securitas AB, Series B 15,700 239 Shanska AB, Series B 13,117 184 Skandia Forsakrings AB 20,831 104 Skandiaviska Enskil 22,520 420 SKF AB, Series B 12,200 154 Svenska Cellulosa AB, Series B 6,600 223 Svenska Handelsbanken, Series A 36,502 832 Svenskt Stal AB, Series A 1,600 48 Swedish Match AB 19,700 224 Tele2 AB 5,725 54 Telia 53,426 261 Volvo AB, Series A 3,633 144 Volvo AB, Series B 8,410 346 WM-Data AB 9,600 26 -- 8,425 ----- SWITZERLAND (5.8%) Abb, Ltd. * 72,729 562 Adecco SA, Registered 1,819 78 Ciba Specialty Chemicals AG 2,370 136 Clariant AG * 7,599 101 Compagnie Finaciere Richemont AG 14,286 544 Credit Suisse Group 29,716 1,315 Geberit AG 180 125 Givaudan 238 153 Holcim, Ltd. 6,427 400 Kudelski SA 1,990 71 Logitech International SA * 4,270 163 Lonza Group AG 1,256 72 Nestle 16,673 4,964 Nobel Biocare Holding AG 1,033 238 Novartis AG, Registered 96,754 5,206 Roche Holdings AG, Genusscheine 28,836 4,309 Schindler Holding AG 265 101 Serono SA 354 229 Societe Generale de Surveillance 142 105 Holdings SA Straumann AG 550 128 Swiss Reinsurance 2,998 202 Swisscom AG 814 268 Syngenta 3,627 389 The Swatch Group AG, Series B 1,086 151 UBS AG 41,961 3,563 Zurich Financial Services 2,160 369 --- 23,942 ------ TURKEY (0.4%) Akbank TAS 35,667 222 Anadolu Efes Biracilik ve Malt Sanayii 1,006 25 AS * Arcelik AS * 8,550 51 Dogan Sirketler Grubu Holding AS * 18,502 46 Dogan Yayin Holding AS * 11,445 29 Eregli Demir ve Celik Fabrikalari TAS 20,020 108 * Ford Otomotiv Sanayi AS 5,202 37 Haci Omer Sabanci Holding AS 20,848 97 Hurriyet Gazetecilik ve Matbaacilik AS 6,503 18 Koc Holding AS 14,914 56 Migros Turk AS 6,002 53 Trakya Cam Sanayii AS 2,160 8 Tupras-Turkiye Petrol Rafinerileri AS 6,156 105 Turk Sise ve Cam Fabrikalari AS 6,440 19 Turkcell Iletisim Hizmetleri AS 20,809 110 Turkiye Garanti Bankasi AS * 54,213 161 Turkiye Is Bankasi 37,968 264 Yapi ve Kredi Bankasi AS * 18,179 68 -- 1,477 ----- TOTAL FOREIGN STOCKS 375,302 ------- PREFERRED STOCKS(j) (0.4%) BRAZIL (0.3%) Banco Bradesco SA 4,000 206 Brasil Telecom Participacoes SA 5,143,000 42 Caemi Mineracao e Metalurgica SA 36,000 57 Companhia de Bebidas das Americas 364,000 130 Companhia Energetica de Minas Gerais 2,153,000 78 Companhia Siderurgica de Tubarao 315,000 19 Empresa Brasileira de Aeronautica SA 7,500 72 Gerdau SA 5,000 68 Klabin SA 13,000 25 Petroleo Brasileiro SA 48,300 692 Sadia SA 11,000 27 Votorantim Celulose e Papel SA 2,000 24 -- 1,440 ----- GERMANY (0.0%) Volkswagen AG 2,691 109 --- RUSSIA (0.1%) Surgutneftegaz ADR 4,200 312 --- TOTAL PREFERRED STOCKS 1,861 ----- TREASURY BILLS (0.5%) UNITED STATES (0.5%) 3.80%, 1/12/06 ** $ 1,400 1,389 3.84%, 1/26/06 ** 500 496 --- TOTAL TREASURY BILLS 1,885 ----- INVESTMENT COMPANIES (3.7%) UNITED STATES (3.7%) Excelsior Pacific Asia Fund 33 -# Invesco Gold and Precision Metals 59 -# Fund iShares MSCI Emerging Markets Index 15,900 1,264 Fund (g) iShares MSCI Germany Index Fund (g) 165,500 3,128 iShares MSCI Hong Kong Index Fund 561,700 7,094 (g) Matthews China Fund 55,918 773 Matthews Pacific Tiger Fund 80,040 1,362 Oakmark International Small Cap Fund 54,067 1,198 Scudder Latin America Fund 14,934 655 --- TOTAL INVESTMENT COMPANIES 15,474 ------ MONEY MARKETS (4.2%) UNITED STATES (4.2%) JPMorgan Prime Money Market Fund 17,571,938 17,572 ------ TOTAL MONEY MARKETS 17,572 ------ SHORT TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING (4.5%) CASH & EQUIVALENTS (4.5%) Pool of various securities for Fifth Third Funds $ 18,609 18,609 ------ TOTAL SHORT TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING 18,609 ------ TOTAL (COST $419,504) + - 103.9% $430,933 ========
- ------------ Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS.
FIFTH THIRD BOND FUND Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares) SHARES OR PRINCIPAL AMOUNT VALUE COMMERCIAL PAPER (4.4%) Gannett, Inc., 3.83%, 11/17/05 ** (f) $ 1,000 $ 998 Nestle Capital Corp., 3.87%, 11/21/05 1,460 1,457 ** (f) Societe Generale, 3.91%, 11/17/05 ** 6,640 6,629 (f) UBS Investment Bank, 3.88%, 11/14/05 3,850 3,844 ** (f) ----- TOTAL COMMERCIAL PAPER 12,928 ------ CORPORATE BONDS (60.1%) AOL Time Warner, Inc., 7.70%, 480 547 5/1/32 Bank of Montreal-Chicago, 7.80%, 2,750 2,859 4/1/07 Bear Stearns Adjustable Rate Mortgage 1,608 1,579 Trust, Series 2004-10, Class 12A3, 4.71%, 1/25/35 (d) Bear Stearns Asset Backed Securities, 485 485 Inc., Series 2004-HE3, Class 1A1, 4.00%, 5/25/31 (d) (f) Bear Stearns Commercial Mortgage 7,500 7,198 Securities, 4.75%, 2/13/46 Bear Stearns Commercial Mortgage 1,841 1,902 Securities, Inc., Series 2000-WF2, Class A1, 7.11%, 10/15/32 Bear Stearns Commercial Mortgage 2,000 1,986 Securities, Inc., Series 2004-T14, Class A4, 5.20%, 1/12/41 Columbus Southern Power, 4.40%, 500 483 12/1/10 Comcast Cable, 7.13%, 6/15/13 1,750 1,894 Countrywide Alternative Loan Trust, 803 816 6.50%, 9/25/34 (d) Countrywide Asset-Backed Certificates, 1,426 1,427 Series 2002-BC1, Class M1, 4.78%, 4/25/32 (d) (f) Cox Communications, Inc., 5.50%, 800 777 10/1/15 Credit Suisse First Boston Mortgage 128 128 Securities Corp., Series 1997-C2, Class A2, 6.52%, 1/17/35 DaimlerChrysler, 8.50%, 1/18/31 600 704 Devon Energy Corp., 7.95%, 4/15/32 700 873 Duke Energy Corp., 6.45%, 10/15/32 850 888 Equity One ABS, Inc., Series 2004-1, 4,000 3,928 Class AF4, 4.14%, 4/25/34 (d) First Franklin Mortgage Loan, 4.58%, 80 80 7/25/33 (d) First Union-Lehman Brothers, 7.00%, 2,750 2,978 4/18/29 (e) Firstenergy Corp., 6.45%, 11/15/11 1,070 1,126 Fleet/Norstar Group, 8.63%, 1/15/07 2,000 2,083 Ford Motor Credit Co., 7.00%, 10/1/13 950 870 (g) Gazprom International, 7.20%, 2/1/20 (e) 1,000 1,064 General Electric Capital Corp., 6.75%, 1,055 1,207 3/15/32 General Motors Acceptance Corp., 1,926 1,927 Mortgage Corp. Loan Trust, 4.06%, 12/25/20 (d) (f) General Motors Acceptance Corp., 2,700 2,644 Mortgage Corp. Loan Trust, 5.00%, 10/25/33 General Motors Acceptance Corp., 1,750 1,716 Mortgage Corp. Loan Trust, 4.34%, 11/1/34 (d) General Motors Acceptance Corp., 8,000 8,020 Mortgage Corp. Loan Trust, 4.02%, 3/25/35 (d) (f) Greenwich Capital Commercial Funding 1,000 986 Corp., Series 2002-C1, Class A4, 4.95%, 1/11/35 Greenwich Capital Commercial Funding 2,000 1,975 Corp., Series 2004-GG1, Class A5, 4.88%, 6/10/36 GS Mortgage Securities Corp. II, Series 5,117 4,948 2004-C1, Class A1, 3.66%, 10/10/28 GS Mortgage Securities Corp. II, Series 4,900 4,829 2004-GG2, Class A3, 4.60%, 8/10/38 Harley-Davidson Motorcycle Trust, 286 280 Series 2004-2, Class B, 2.96%, 2/15/12 Homebanc Mortgage Trust, Series 3,938 3,958 2004-2, 4.28%, 12/25/34 (d) (f) Household Finance Corp., 6.50%, 170 177 11/15/08 IndyMac Index Mortgage Loan Trust, 5,880 5,868 Series 2005-AR9, 5.48%, 7/25/35 iStar Financial, Inc., 6.00%, 12/15/10 1,500 1,517 (g) JP Morgan Chase Commercial Mortgage 865 865 Securities Corp., 5.25%, 7/12/37 JP Morgan Chase Commercial Mortgage 1,464 1,478 Securities, Series 200-CIBC, Class A2, 6.00%, 3/15/33 JP Morgan Mortgage Trust, 4.90%, 4,460 4,392 4/25/35 (d) JP Morgan Mortgage Trust, 5.66%, 4,286 4,281 10/25/35 (d) JP Morgan Mortgage Trust, Series 1,217 1,198 2005-A1, Class 2A1, 4.88%, 2/25/35 JP Morgan Mortgage Trust, Series 3,000 2,932 2005-A2, 4.93%, 4/25/35 JP Morgan Mortgage Trust, Series 3,632 3,612 2005-A3, 5.17%, 6/25/35 Kroger Co., 6.20%, 6/15/12 500 509 LB-UBS Commercial Mortgage Trust, 330 323 Series 2005-C3, 4.55%, 7/15/30 Lehman Brothers Holdings, 8.25%, 170 178 6/15/07 Merrill Lynch & Co., 4.25%, 2/8/10 1,000 968 (g) Morgan Stanley Capital I, 5.11%, 3,200 3,155 6/15/40 Morgan Stanley Dean Witter Capital I, 5,200 5,051 4.74%, 11/13/36 Morgan Stanley Mortgage Loan Trust, 2,706 2,656 5.00%, 8/25/19 Motorola, Inc., 6.50%, 11/15/28 805 865 National City Bank, 7.25%, 7/15/10 3,000 3,274 National Rural Utilities, 7.25%, 3/1/12 125 139 Navistar Financial Corp. Owner Trust, 133 132 1.73%, 2/15/07 Navistar Financial Corp. Owner Trust, 7,098 7,105 3.97%, 4/15/08 (d) (f) Navistar Financial Corp. Owner Trust, 1,409 1,362 Series 2004-A, Class B, 2.46%, 3/15/11 NCNB Corp., 10.20%, 7/15/15 2,500 3,383 Norfolk Southern Corp., 5.59%, 130 127 5/17/25 Oncor Electric Delivery, 7.00%, 5/1/32 480 529 Pemex Master Trust, 6.13%, 8/15/08 825 843 Republic New York Corp., 7.00%, 2,000 2,163 3/22/11 Residential Accredit Loans, Inc., 4.10%, 2,536 2,534 3/25/34 (d) (f) Residential Asset Mortgage Products, 4,184 4,185 Inc., 3.97%, 5/25/24 (d) (f) Residential Asset Securities Corp., 1,589 1,590 4.07%, 3/25/34 (d) (f) SACO I Trust, Series 2004-2, Class A3, 5,000 5,005 4.30%, 10/25/34 (d) (f) Science Applications International Co., 2,105 1,984 5.50%, 7/1/33 SLM Corp., 5.00%, 4/15/15 175 170 Structured Asset Securities Corp., 1,245 1,205 5.15%, 12/25/34 (d) Swiss Bank Corp. - New York, 7.38%, 2,000 2,325 7/15/15 Thornburg Mortgage Securities Trust, 5,200 5,213 Series 2004-2, Class A3, 4.11%, 6/25/44 (d) (f) Trans-Canada Pipeline, 5.60%, 750 743 3/31/34 Travelers Property Casualty Corp., 85 100 7.75%, 4/15/26 Truck Retail Installment Paper Corp., 6,950 6,967 3.84%, 12/15/16 (d) (f) (e) UBS Preferred Funding Trust I, 8.62%, 925 1,059 10/29/49 (d) US Bank NA, 6.30%, 2/4/14 345 371 Verizon Florida, Inc., 6.13%, 1/15/13 1,575 1,572 Washington Mutual, Series 2003-AR9, 5,862 5,719 Class 1A6, 4.06%, 9/25/33 (d) Washington Mutual, Series 2004-AR3, 1,858 1,824 Class A-2, 4.24%, 6/25/34 Wells Fargo Mortgage Backed Securities 3,179 3,122 Trust, 5.14%, 5/25/05 (d) Wells Fargo Mortgage Backed Securities 1,550 1,498 Trust, Series 2003-N, 4.75%, 12/25/33 (d) YUM! Brands Inc., 7.70%, 7/1/12 1,250 1,412 ----- TOTAL CORPORATE BONDS 176,845 ------- FOREIGN BONDS (1.8%) France Telecom, 8.75%, 3/1/31 650 849 Midland Bank PLC, 7.63%, 6/15/06 2,000 2,035 United Mexican States, 4.63%, 2,460 2,431 10/8/08 ----- TOTAL FOREIGN BONDS 5,315 ----- U.S. GOVERNMENT AGENCIES (45.4%) FANNIE MAE (25.8%) 6.05%, 12/1/08 2,870 2,939 6.00%, 5/1/17 268 274 6.50%, 6/1/17 358 370 6.50%, 8/1/17 297 306 5.50%, 12/1/17 1,311 1,321 5.50%, 1/1/18 869 875 5.50%, 1/1/18 17 17 5.50%, 2/1/18 74 75 5.50%, 2/1/18 12 12 4.50%, 5/1/18 TBA 11,550 11,174 6.00%, 5/1/18 1,414 1,447 5.00%, 7/1/18 TBA 1,000 987 5.50%, 12/1/18 663 668 4.00%, 12/25/20 5,000 4,969 4.00%, 2/25/21 517 516 5.50%, 2/1/25 1,666 1,654 5.00%, 5/1/25 2,604 2,527 7.50%, 6/1/28 310 329 6.50%, 8/1/28 214 221 6.50%, 6/1/29 195 200 6.50%, 4/1/32 430 443 6.50%, 6/1/32 1,088 1,118 7.00%, 6/1/32 264 276 6.50%, 7/1/32 582 598 6.50%, 7/1/32 809 832 7.50%, 12/1/32 285 301 6.00%, 1/1/33 537 542 6.50%, 3/1/33 321 329 5.00%, 5/1/33 16,500 15,881 5.50%, 5/1/33 8,500 8,387 5.50%, 5/25/34 3,150 3,078 7.00%, 9/1/34 721 753 5.50%, 6/1/35 1,021 1,008 6.00%, 7/1/35 5,725 5,776 6.00%, 9/1/35 5,728 5,778 ----- 75,981 ------ FEDERAL HOME LOAN BANK (1.5%) 4.06%, 8/25/09 3,823 3,729 4.00%, 2/25/10 767 743 --- 4,472 ----- FREDDIE MAC (14.3%) 4.50%, 8/15/16 3,000 2,894 4.00%, 1/15/17 7,500 7,053 5.00%, 4/1/18 1,508 1,489 5.00%, 8/1/18 1,713 1,691 5.00%, 2/15/25 3,245 3,084 6.50%, 1/1/29 2,061 2,121 7.00%, 1/1/32 172 181 6.50%, 7/1/32 362 372 6.25%, 7/15/32 (g) 3,500 4,059 7.00%, 8/1/32 761 795 6.50%, 9/1/32 157 161 5.50%, 2/1/33 13,900 13,725 6.00%, 9/1/33 735 743 6.50%, 5/15/34 (d) 1,743 1,735 4.50%, 6/1/34 961 898 4.50%, 9/1/34 1,201 1,123 ----- 42,124 ------ GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (3.8%) 4.50%, 11/16/29 2,387 2,303 5.00%, 7/1/33 TBA 4,000 3,904 5.50%, 10/1/33 TBA 5,000 4,995 ----- 11,202 ------ TOTAL U.S. GOVERNMENT AGENCIES 133,779 ------- U.S. TREASURY OBLIGATIONS (4.9%) U.S. TREASURY BONDS (0.5%) 6.00%, 2/15/26 (g) 350 402 5.00%, 11/15/27 ** 2,900 1,004 ----- 1,406 ----- U.S. TREASURY INFLATION PROTECTED BONDS (2.2%) 1.63%, 1/15/15 6,500 6,486 ----- U.S. TREASURY NOTES (2.2%) 4.25%, 8/15/15 (g) 6,000 5,855 5.45%, 5/15/17 ** 1,080 624 --- 6,479 ----- TOTAL U.S. TREASURY OBLIGATIONS 14,371 ------ INVESTMENTS IN AFFILIATES (3.2%) Fifth Third Institutional Money Market Fund 9,458,923 9,459 ----- TOTAL INVESTMENTS IN AFFILIATES 9,459 ----- SHORT-TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING (4.4%) Pool of various securities for Fifth Third $ 12,998 12,998 ------ Funds TOTAL SHORT-TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING 12,998 ------ TOTAL (COST $367,634) + - 124.2% $365,695 ========
- ------------ Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS.
FIFTH THIRD INTERMEDIATE BOND FUND Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares) SHARES OR PRINCIPAL AMOUNT VALUE CORPORATE BONDS (76.6%) ABN AMRO Bank NV, 7.30%, $ 3,740 $ 3,800 12/1/26 Ace Securities Corp., 4.70%, 10/31/25 3,000 3,001 (d) Affiliated Computer Services, 4.70%, 1,860 1,775 6/1/10 Anthem, Inc., 3.50%, 9/1/07 2,375 2,314 Associated Bank, NA, 3.99%, 6/2/08 5,000 5,001 (d) AT & T Broadband Corp., 8.38%, 1,750 2,016 3/15/13 Bank of America Corp., 9.38%, 5,000 5,750 9/15/09 Bank of Montreal-Chicago, 7.80%, 3,000 3,119 4/1/07 Bay View Auto Trust, Series 2005-LJ2, 2,880 2,854 4.55%, 2/25/14 BB&T Corp., 7.25%, 6/15/07 6,000 6,220 Bear Stearns Adjustable Rate Mortgage 3,962 3,846 Trust, 4.92%, 7/25/34 (d) Bear Stearns Alternative-A Trust, Series 2,414 2,428 2005-9, 5.85%, 11/25/35 Bear Stearns Co., Inc., 5.70%, 1/15/07 3,000 3,029 Bear Stearns Commercial Mortgage 1,569 1,621 Securities, Inc., Series 2000-WF2, Class A1, 7.11%, 10/15/32 Berkshire Hathaway Financial, 4.75%, 3,000 2,927 5/15/12 Chase Mortgage Finance Corp., 5.50%, 4,747 4,756 10/25/35 Chase Mortgage Finance Corp., 5.24%, 2,525 2,521 12/31/49 Chaseflex Trust, Series 2005-2, 5.96%, 5,109 5,040 6/25/35 Chevron Phillips Chemical Co., 5.38%, 6,015 6,043 6/15/07 CIT Group, Inc., 5.13%, 9/30/14 (g) 2,000 1,958 Citicorp Mortgage Securities, Inc., 3,473 3,411 Series 2004-4, 5.25%, 6/25/34 Citicorp Mortgage Securities, Inc., 2,166 2,142 Series 2005-3, 5.50%, 4/25/35 Citigroup Commercial Mortgage Trust, 4,835 4,874 Series 2004-C1, 5.46%, 4/15/40 (d) Citigroup Commercial Mortgage Trust, 5,000 4,801 Series 2005-EMG, 4.38%, 9/20/51 Citigroup, Inc., 5.00%, 9/15/14 (g) 2,106 2,062 CNH Equipment Trust, Series 2005-A, 2,435 2,434 Class A4A, 3.81%, 6/15/12 (d) Commerce Group, Inc., 5.95%, 12/9/13 1,000 1,006 (g) Commercial Mortgage Pass-Through 2,500 2,490 Certificate, Series 2004-LB3AC, Class B, 5.28%, 7/10/37 Commercial Mortgage Acceptance 5,550 5,820 Corp., Series 1998-C2, Class D, 6.91%, 9/15/30 (d) Countrywide Alternative Loan Trust, 5,591 5,521 Series 2004-2CB, Class 1A1, 4.25%, 3/25/34 Countrywide Alternative Loan Trust, 3,645 3,613 Series 2005-10CB, Class 1A6, 5.50%, 5/25/35 Countrywide Alternative Loan Trust, 2,380 2,323 Series 2005-7CB, Class M, 5.50%, 4/25/35 Countrywide Home Loan, 4.00%, 2,325 2,182 3/22/11 (g) Cox Communications, Inc., 7.75%, 1,550 1,684 11/1/10 Credit Suisse First Boston Mortgage 114 114 Securities Corp., Series 1997-C2, Class A2, 6.52%, 1/17/35 Credit Suisse First Boston Mortgage 1,500 1,574 Securities Corp., Series 2002-CKN2, 6.38%, 4/15/37 Credit Suisse First Boston Mortgage 2,425 2,338 Securities Corp., Series 2004-C5, Class A3, 4.50%, 11/15/37 Credit Suisse First Boston, Inc., 5.13%, 1,910 1,861 8/15/15 Credit-Based Asset Servicing and 2,475 2,475 Securitizing, 5.38%, 11/25/36 (d) Crown Castle Towers LLC, Series 4,000 3,881 2005-1A, 4.64%, 6/15/35 DaimlerChrysler, 4.03%, 3/7/07 (d) 5,000 4,998 Deutsche Alternative-A Securities Inc., 1,440 1,429 Mortgage Loan Trust, 5.05%, 9/25/35 Deutsche Mortgage Securities Inc., 4,606 4,532 Series 2005-1, 5.75%, 2/25/35 Deutsche Mortgage Securities, Inc., 2,495 2,489 5.02%, 6/26/35 (d) Deutsche Mortgage Securities, Inc., 1,136 1,129 Series 2004-2, Class A3, 3.78%, 1/25/34 Devon Financing Corp., 6.88%, 1,500 1,624 9/30/11 DLJ Commercial Mortgage Corp., Series 2,400 2,627 2000-CF1, Class A1B, 7.62%, 6/10/33 Duke Capital LLC, 4.37%, 3/1/09 2,000 1,950 Duke Energy Corp., 6.25%, 1/15/12 2,000 2,096 Duke Realty Corp., 4.18%, 12/22/06 2,880 2,882 (d) First Franklin Mortgage Loan, 4.58%, 100 100 7/25/33 (d) First Horizon Mortgage Pass-Through 2,450 2,385 Trust, Series 2005-5, 5.50%, 10/25/35 First Horizon Mortgage Pass-Through 4,893 4,869 Trust, Series 2005-AR4, 5.35%, 10/25/35 (d) First Union-Lehman Brothers, 7.00%, 3,220 3,487 4/18/29 Fleet Financial Group, 7.38%, 12/1/09 5,000 5,423 Gazprom International, 7.20%, 2/1/20 2,000 2,128 General Electric Capital Credit Card 4,320 4,191 Master Note Trust, Series 2005-3, 4.13%, 6/15/13 Genworth Financial, Inc., 4.95%, 930 900 10/1/15 Goldman Sachs Group, Inc., 5.00%, 2,500 2,423 10/1/14 (g) Green Tree Financial Corp., Series 809 814 1998-6, Class A6, 6.27%, 6/1/30 GTE California, Inc., 6.70%, 9/1/09 3,000 3,102 Heller Financial, 6.85%, 5/15/31 5,000 5,242 HSBC Bank USA, 4.63%, 4/1/14 2,000 1,909 HSBC Finance Corp., 6.38%, 2,000 2,113 10/15/11 Hyundai Auto Receivables Trust, Series 3,000 2,905 2004-A, Class A4, 3.54%, 8/15/11 Indiana Michigan Power, 5.05%, 2,035 1,966 11/15/14 Indymac Home Equity Loan, Series 1,695 1,708 2002-B, Class B1, 6.54%, 10/25/33 (d) International Lease Finance Corp., 3,700 3,604 3.13%, 5/3/07 International Lease Finance Corp., 2,500 2,564 5.88%, 5/1/13 International Paper Co., 5.50%, 1,500 1,453 1/15/14 JP Morgan Chase Commercial Mortgage 4,460 4,462 Securities Corp., 5.26%, 7/12/37 JP Morgan Chase Commercial Mortgage 3,365 3,315 Securities Corp., 4.63%, 3/15/46 JP Morgan Chase Commercial 336 335 Mortgage Securities Corp., Series 2001-CIB3, Class A1, 4.47%, 11/15/35 JP Morgan Chase Commercial Mortgage 6,215 6,123 Securities Corp., Series 2002-C3, Class A2, 4.99%, 7/12/35 JP Morgan Chase Commercial Mortgage 9,500 9,306 Securities Corp., Series 2003-LN1, Class A2, 4.92%, 10/15/37 JP Morgan Chase Commercial Mortgage 2,050 2,046 Securities Corp., Series 2004-C2, 5.26%, 5/15/41 (d) JP Morgan Chase Commercial Mortgage 4,420 4,360 Securities Corp., Series 2004-LN2, Class A2, 5.12%, 7/15/41 JP Morgan Chase Commercial Mortgage 2,000 1,975 Securities Corp., Series 2005-LPD3, 4.85%, 8/15/42 JP Morgan Chase Commercial Mortgage 2,405 2,329 Securities Corp., Series 2005-LPD4, 4.92%, 10/15/42 JP Morgan Commercial Mortgage 2,305 2,509 Finance Corp., Series 2000-C9, 7.77%, 10/15/32 JP Morgan Mortgage Trust, 4.90%, 2,163 2,130 4/25/35 (d) JP Morgan Mortgage Trust, 5.66%, 2,397 2,395 10/25/35 (d) JP Morgan Mortgage Trust, Series 3,888 3,852 2004-A6, Class 3A1, 4.90%, 12/25/34 JP Morgan Mortgage Trust, Series 3,021 2,972 2005-A1, Class 2A1, 4.88%, 2/25/35 JP Morgan Mortgage Trust, Series 2,400 2,341 2005-A1, Class 2A3, 4.88%, 2/25/35 JP Morgan Mortgage Trust, Series 6,218 6,102 2005-A1, Class 3A4, 5.05%, 2/25/35 JP Morgan Mortgage Trust, Series 3,220 3,154 2005-A1, Class 4A1, 4.79%, 2/25/35 JP Morgan Mortgage Trust, Series 4,639 4,484 2005-A2, Class 5A1, 4.39%, 4/25/35 (d) JP Morgan Mortgage Trust, Series 4,656 4,538 2005-A3, 4.52%, 6/25/35 JP Morgan Mortgage Trust, Series 3,845 3,754 2005-A5, 5.20%, 8/25/35 (d) JP Morgan Mortgage Trust, Series 4,775 4,706 2005-A6, 4.99%, 8/25/35 (d) JP Morgan Mortgage Trust, Series 2,523 2,474 2005-A6, Class 1B1, 5.19%, 9/25/35 (d) JP Morgan Mortgage Trust, Series 2,426 2,462 2005-S1, Class B1, 6.26%, 1/25/35 JP Morgan RV Marine Trust, Series 1,334 1,300 2004-1A, Class A1, 3.12%, 4/15/11 Key Bank N.A., 5.80%, 7/1/14 2,000 2,069 Kinder Morgan Energy Partners, 5.00%, 1,500 1,453 12/15/13 Lehman Brothers Holdings, 8.25%, 3,600 3,780 6/15/07 Long Beach Auto Receivables Trust, 2,760 2,703 Series 2005-A, 4.25%, 4/15/12 Marlin Leasing Receivables LLC, 3,000 3,019 4.86%, 2/15/09 MassMutual Global Funding II, 3.80%, 1,390 1,343 4/15/09 Master Adjustable Rate Mortgages 1,777 1,720 Trust, Series 2003-5, 4.51%, 11/25/33 (d) MBNA Master Credit Card Trust, 3,000 3,364 7.80%, 10/15/12 Merrill Lynch & Co., 4.79%, 8/4/10 3,000 2,954 Merrill Lynch Mortgage Investors, Inc., 2,038 2,015 Series 2005-A1, Class 2A1, 4.67%, 12/25/34 Miller Brewing Co., 5.50%, 8/15/13 1,000 1,008 (g) Morgan Stanley, 4.00%, 1/15/10 2,340 2,238 Morgan Stanley, 4.75%, 4/1/14 3,500 3,302 National City Bank, 4.25%, 1/29/10 2,375 2,311 Nationwide Financial Services, 5.10%, 960 930 10/1/15 Navistar Financial Corp. Owner Trust, 5,405 5,214 Series 2004-B, Class A4, 3.53%, 10/15/12 Nelnet, Inc., 5.13%, 6/1/10 3,100 3,020 NiSource Finance Corp., 4.39%, 2,795 2,803 11/23/09 (d) Nomura Asset Acceptance Corp., Series 1,773 1,755 2004-AR4, Class 1A2, 4.93%, 12/25/34 Nomura Asset Acceptance Corp., Series 3,192 3,201 2005-AR1, Class 1A2, 5.40%, 2/25/35 Nomura Asset Acceptance Corp., Series 2,191 2,222 2005-AR2, Class 2A2, 5.59%, 5/25/35 (d) Nomura Asset Acceptance Corp., Series 3,123 3,092 2005-AR3, 5.69%, 7/25/35 Nomura Asset Acceptance Corp., Series 2,115 2,112 2005-AR5, Class 2A2, 5.67%, 10/25/35 (d) Pemex Project Funding Master Trust, 2,000 2,186 7.38%, 12/15/14 Pepco Holdings, Inc., 6.45%, 8/15/12 1,000 1,047 PHH Corp., 7.13%, 3/1/13 1,000 1,068 PNC Mortgage Acceptance Corp., 5,000 5,372 7.33%, 12/10/32 Popular ABS Mortgage Pass-Through 1,435 1,424 Trust, 4.98%, 9/15/35 PPG Industries, Inc., 6.50%, 11/1/07 30 31 PPL Electric Utilities, 5.88%, 8/15/07 2,000 2,035 Premark International, 6.88%, 1,000 1,061 11/15/08 Prestige Auto Receivables Trust, Series 2,000 1,977 2005-1A, 4.37%, 6/15/12 Providian Gateway Master Trust, Series 1,825 1,774 2004-DA, Class B, 3.55%, 9/15/11 Prudential Financial, Inc., 4.75%, 2,000 1,913 6/13/15 PSEG Power, 5.00%, 4/1/14 1,500 1,430 RAAC, Series 2005-SP1, 5.25%, 2,221 2,197 9/25/34 Ras Laffan Liquid & Natural Gas, 2,700 2,639 5.30%, 9/30/20 Regions Financial Corp., 7.00%, 1,275 1,388 3/1/11 Renaissance Home Equity Loan Trust, 2,440 2,413 4.26%, 5/25/35 (d) Renaissance Home Equity Loan Trust, 2,500 2,435 Series 2005-2, 4.93%, 8/25/35 (d) Rental Car Finance Corp., 4.59%, 2,475 2,414 6/25/11 Residential Accredit Loans, Inc., Series 1,477 1,478 2002-QS19, Class A8, 6.00%, 12/25/32 Residential Funding Mortgage 4,197 4,184 Securities, 5.50%, 9/25/33 Ryder System, Inc., 5.00%, 4/1/11 1,000 961 SACO I Trust, 2.94%, 7/25/35 2,385 2,385 Salomon Smith Barney, 7.13%, 5,000 5,107 10/1/06 Sempra Energy, 4.29%, 5/21/08 (d) 5,000 5,014 Southern Copper Corp., 6.38%, 1,000 977 7/27/15 SOVRISC, 4.63%, 10/31/08 2,550 2,543 Tampa Electric, 5.38%, 8/15/07 2,000 2,011 U.S. Bank, N.A., 3.75%, 2/6/09 3,000 2,893 UPFC Auto Receivables Trust, Series 1,975 1,937 2004-A, Class A3, 3.27%, 9/15/10 Vanderbilt Acquisition Loan Trust, 2,555 2,635 Series 2002-1, Class A4, 6.57%, 5/7/27 Wachovia Bank Commercial Mortgage 3,470 3,412 Trust, 5.01%, 12/15/35 Washington Mutual Bank, 6.88%, 5,000 5,380 6/15/11 Wells Fargo Mortgage Backed Securities 2,400 2,319 Trust, Series 2003-N, 4.75%, 12/25/33 ----- (d) TOTAL CORPORATE BONDS 424,759 ------- FOREIGN BONDS (0.2%) Korea Electric Power, 4.25%, 9/12/07 1,000 986 --- TOTAL FOREIGN BONDS 986 --- U.S. GOVERNMENT AGENCIES (18.1%) FANNIE MAE (3.6%) 3.67%, 5/8/07 7,110 7,013 3.38%, 5/15/07 4,745 4,658 6.25%, 1/25/08 781 795 5.38%, 10/2/13 1,255 1,285 4.92%, 7/25/20 3,195 3,139 5.09%, 7/1/34 2,943 2,931 5.23%, 8/1/34 185 184 --- 20,005 ------ FEDERAL HOME LOAN BANK (4.0%) 3.50%, 8/15/06 5,500 5,457 3.75%, 6/16/08 2,365 2,310 4.50%, 8/8/08 5,000 4,949 4.75%, 10/25/10 4,807 4,780 4.84%, 1/25/12 2,169 2,195 5.00%, 4/25/12 2,331 2,326 ----- 22,017 ------ FREDDIE MAC (5.2%) 7.22%, 6/14/06 3,000 3,051 3.88%, 11/10/08 2,935 2,835 3.88%, 1/12/09 5,525 5,375 4.38%, 7/30/09 4,000 3,919 6.25%, 3/5/12 8,500 8,655 6.50%, 5/15/34 (d) 1,743 1,735 5.18%, 5/1/35 3,857 3,806 ----- 29,376 ------ GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (5.3%) 9.50%, 12/15/09 1,481 1,569 3.96%, 9/16/21 1,646 1,609 4.02%, 12/16/21 4,822 4,708 4.60%, 10/16/24 2,520 2,430 5.25%, 9/16/27 3,075 3,069 4.45%, 8/16/32 2,525 2,425 4.81%, 8/16/32 2,475 2,423 0.98%, 6/17/45 10,846 651 4.95%, 11/16/45 4,800 4,710 3.13%, 3/16/46 14,350 629 0.82%, 4/16/47 72,993 3,000 0.89%, 4/16/47 34 2 0.80%, 7/16/47 37,033 1,957 ----- 29,182 ------ TOTAL U.S. GOVERNMENT AGENCIES 100,580 ------- U.S. TREASURY OBLIGATIONS (4.0%) U.S. TREASURY INFLATION PROTECTED BONDS (3.6%) 1.63%, 1/15/15 (g) 20,000 19,955 ------ U.S. TREASURY NOTES (0.4%) 3.88%, 7/15/10 1,400 1,365 4.25%, 8/15/15 (g) 1,075 1,049 ----- 2,414 ----- TOTAL U.S. TREASURY OBLIGATIONS 22,369 ------ INVESTMENTS IN AFFILIATES (0.4%) Fifth Third Institutional Money Market Fund 2,441,938 2,442 ----- TOTAL INVESTMENTS IN AFFILIATES 2,442 ----- SHORT-TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING (2.3%) Pool of various securities for Fifth Third Funds $ 12,922 12,922 ------ TOTAL SHORT-TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING 12,922 ------ TOTAL (COST $573,146) + - 101.6% $564,058 ========
- ------------ Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS.
FIFTH THIRD SHORT TERM BOND FUND Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares) SHARES OR PRINCIPAL AMOUNT VALUE CORPORATE BONDS (61.8%) ABN AMRO, 7.55%, 6/28/06 $ 3,190 $ 3,248 Aesop Funding II LLC, 2.75%, 7/20/07 3,990 3,953 (e) Alabama Power Co., 2.80%, 12/1/06 1,190 1,166 Alcoa, Inc., 4.25%, 8/15/07 1,290 1,279 American Electric Power Co., 6.13%, 370 372 5/15/06 Australian Gas Light Co., 6.40%, 3,210 3,312 4/15/08 (e) Bank of America Commercial Mortgage, 1,144 1,144 Inc., Series 2001-PB1, Class A1, 4.91%, 5/11/35 Bank of America Commercial Mortgage, 3,377 3,245 Inc., Series 2004-1, Class A1, 3.16%, 11/10/39 Bank of America Mortgage Securities, 3,989 3,882 4.16%, 7/25/34 (d) Bank of New York, 2.20%, 5/12/06 6,050 5,975 Bank One Issuance Trust, Series 810 777 2004-A1, Class A1, 3.45%, 10/17/11 Bear Stearns Commercial Mortgage 2,124 2,194 Securities, Inc., Series 2000-WF2, Class A1, 7.11%, 10/15/32 Bear Stearns Cos., Inc., Series 1,833 1,827 2003-AC7, Class A2, 5.25%, 1/25/34 Capital One Auto Finance Trust, 3.44%, 3,990 3,959 6/15/09 Centerpoint Energy, 6.50%, 2/1/08 1,600 1,643 Chase Mortgage Finance Corp., 5.24%, 4,000 3,993 12/31/49 CNH Equipment Trust, 4.02%, 2,060 2,037 4/15/09 Comcast Cable, 7.63%, 4/15/08 1,550 1,636 Cooper Cameron Corp., 2.65%, 780 752 4/15/07 Countrywide Alternative Loan Trust, 3,185 3,145 Series 2004-2CB, Class 1A1, 4.25%, 3/25/34 Countrywide Financial, 3.50%, 3,190 3,187 12/19/05 Countrywide Home Loans, 5.10%, 3,338 3,280 4/20/35 (d) Credit Suisse First Boston Mortgage 257 258 Securities Corp., Series 1997-C2, Class A2, 6.52%, 1/17/35 DaimlerChrysler NA Holdings, 6.40%, 1,525 1,538 5/15/06 DLJ Commercial Mortgage Corp., Series 1,237 1,252 1999-CG1, Class A1A, 6.08%, 3/10/32 Ford Motor Credit Co., 6.88%, 2/1/06 3,210 3,208 (g) Gannett, Inc., 5.50%, 4/1/07 4,000 4,039 General Motors Acceptance Corp., 3,325 3,392 Commercial Mortgage Securities, Inc., Series 1996-C1, 7.86%, 11/15/06 (e) General Motors Acceptance Corp., 4,000 3,951 Mortgage Corp. Loan Trust, Series 2005-HE2, 4.62%, 11/25/35 General Motors Acceptance Corp., 4,170 4,103 Mortgage Corporation Loan Trust, 4.24%, 10/25/33 Green Tree Financial Corp., Series 1,215 1,223 1998-6, Class A6, 6.27%, 6/1/30 Greenwich Capital Commercial Funding 1,533 1,504 Corp., Series 2004-GG1, Class A2, 3.84%, 6/10/36 Harborview Mortgage Loan Trust, Series 5,730 5,533 2004-5, Class 2A6, 3.99%, 6/19/34 (d) Harley-Davidson Motorcycle Trust, 1,664 1,630 Series 2004-2, Class B, 2.96%, 2/15/12 Homebanc Mortgage Trust, Series 3,174 3,190 2004-2, 4.28%, 12/25/34 (d) Household Automotive Trust, Series 3,559 3,529 2002-3, Class A4A, 3.44%, 5/18/09 HSBC USA, Inc., 7.00%, 11/1/06 3,194 3,260 Hyundai Auto Receivables Trust, Series 3,000 2,939 2005-A, 4.18%, 2/15/12 IBM, Corp., 3.80%, 2/1/08 3,030 2,966 International Lease Finance Corp., 3,210 3,127 3.13%, 5/3/07 iStar Financial, Inc., 4.88%, 1/15/09 1,600 1,572 John Deere Owner Trust, Series 2004-A, 2,150 2,118 Class A3, 2.32%, 12/17/07 JP Morgan Mortgage Trust, Series 4,251 4,192 2005-A1, 4.90%, 2/25/35 JP Morgan Mortgage Trust, Series 4,068 3,985 2005-A1, Class 4A1, 4.79%, 2/25/35 JP Morgan Mortgage Trust, Series 5,730 5,539 2005-A2, Class 5A1, 4.39%, 4/25/35 (d) JP Morgan Mortgage Trust, Series 5,821 5,789 2005-A3, 5.17%, 6/25/35 Kraft Foods, Inc., 5.25%, 6/1/07 1,930 1,942 LB-UBS Commercial Mortgage Trust, 2,754 2,739 Series 2002-C2, Class A1, 3.83%, 6/15/26 Long Beach Auto Receivables Trust, 2,875 2,849 4.40%, 5/15/10 Marlin Leasing Receivables LLC, 3,200 3,199 4.49%, 5/15/07 (e) MBNA America Bank NA, 6.50%, 790 799 6/20/06 MBNA America Bank NA, 4.16%, 2,020 2,037 5/5/08 (d) Merrill Lynch Mortgage Investors, Inc., 733 736 Series 2003-A1, Class 2A, 4.53%, 12/25/32 Morgan Stanley Dean Witter, 8.33%, 3,190 3,315 1/15/07 Morgan Stanley Dean Witter Capital I, 2,460 2,415 3.48%, 9/15/37 Morgan Stanley Dean Witter Capital I, 5,680 5,548 3.92%, 4/14/40 National Rural Utilities, 6.00%, 3,300 3,325 5/15/06 Navistar Financial Corp. Owner Trust, 3,990 3,864 Series 2003-B, Class A4, 3.25%, 10/15/10 Navistar Financial Corp. Owner Trust, 1,163 1,137 Series 2003-B, Class B, 3.79%, 10/15/10 Nissan Auto Lease Trust, 3.18%, 830 811 6/15/10 Pemex Finance, Ltd., 8.45%, 2/15/07 800 813 Pemex Finance, Ltd., 9.69%, 8/15/09 648 701 Protective Life US Funding, 3.70%, 1,590 1,538 11/24/08 RAAC, Series 2005-SP1, 5.25%, 3,005 2,973 9/25/34 Safeway, Inc., 2.50%, 11/1/05 1,840 1,840 Sempra Energy, 6.95%, 12/1/05 630 631 Simon Property Group LP, 7.13%, 2,400 2,489 9/20/07 Societe Generale - New York, 7.40%, 2,110 2,143 6/1/06 Sprint Capital Corp., 7.13%, 1/30/06 650 654 Synovus Financial, 7.25%, 12/15/05 3,143 3,153 Time Warner, Inc., 6.13%, 4/15/06 1,190 1,197 UnitedHealth Group, Inc., 5.20%, 3,390 3,395 1/17/07 (g) Verizon Communications, 7.51%, 3,300 3,519 4/1/09 Washington Mutual, Inc., 4.82%, 812 808 10/25/32 Washington Mutual, Inc., Series 4,020 3,974 2003-AR10, Class A4, 4.08%, 10/25/33 Wells Fargo & Co., 5.13%, 2/15/07 4,000 4,008 ----- TOTAL CORPORATE BONDS 198,395 ------- FOREIGN BONDS (0.6%) British Telecom PLC, 7.88%, 650 653 12/15/05 Korea Electric Power, 4.25%, 9/12/07 810 798 (e) Telecom Italia Capital, 4.00%, 650 629 --- 11/15/08 TOTAL FOREIGN BONDS 2,080 ----- MUNICIPAL BONDS (0.3%) OHIO (0.3%) State Economic Development Revenue, 1,005 966 --- Ohio Enterprise, Series 3, 4.05%, 3/1/11 (e) TOTAL MUNICIPAL BONDS 966 --- U.S. GOVERNMENT AGENCIES (25.6%) FANNIE MAE (5.9%) 2.63%, 11/15/06 3,940 3,861 3.13%, 12/15/07 1,190 1,153 4.65%, 12/25/12 3,837 3,796 4.73%, 4/1/33 (d) 3,001 2,967 5.21%, 9/1/34 3,651 3,650 5.01%, 4/1/35 3,554 3,543 ----- 18,970 ------ FEDERAL HOME LOAN BANK (6.7%) 2.60%, 1/27/06 (d) 4,470 4,455 2.38%, 10/2/06 4,490 4,403 3.75%, 8/15/07 3,670 3,614 4.00%, 10/27/08 5,220 5,106 4.75%, 10/25/10 3,908 3,886 ----- 21,464 ------ FREDDIE MAC (6.8%) 5.00%, 2/1/07 505 507 2.85%, 2/23/07 6,410 6,271 4.88%, 3/15/07 6,020 6,043 4.00%, 3/1/34 (d) 3,536 3,447 4.77%, 7/1/35 (d) 5,800 5,723 ----- 21,991 ------ GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (6.2%) 4.88%, 5/15/07 2,060 2,067 2.87%, 2/16/20 5,495 5,291 3.27%, 1/16/23 2,896 2,779 4.29%, 9/16/25 3,182 3,116 3.72%, 12/16/26 3,542 3,420 4.00%, 4/16/30 3,200 3,136 ----- 19,809 ------ TOTAL U.S. GOVERNMENT AGENCIES 82,234 ------ U.S. TREASURY OBLIGATIONS (8.1%) U.S. TREASURY INFLATION PROTECTED BONDS (1.9%) 3.63%, 1/15/08 (g) 4,800 6,106 ----- U.S. TREASURY NOTES (6.2%) 3.00%, 12/31/06 (g) 8,500 8,366 3.13%, 5/15/07 1,010 991 3.00%, 11/15/07 (g) 6,410 6,239 4.75%, 11/15/08 (g) 4,160 4,196 ----- 19,792 ------ TOTAL U.S. TREASURY OBLIGATIONS 25,898 ------ INVESTMENTS IN AFFILIATES (2.9%) Fifth Third Institutional Money Market Fund 9,465,238 9,465 ----- TOTAL INVESTMENTS IN AFFILIATES 9,465 ----- SHORT-TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING (7.5%) Pool of various securities for Fifth Third Funds $ 24,041 24,041 ------ TOTAL SHORT-TERM SECURITIES HELD AS COLLATERAL FOR SECURITIES LENDING 24,041 ------ TOTAL (COST $348,297) + - 106.8% $343,079 ========
- ------------ Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS.
FIFTH THIRD U.S. GOVERNMENT BOND FUND Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares) SHARES OR PRINCIPAL AMOUNT VALUE U.S. GOVERNMENT AGENCIES (91.8%) FANNIE MAE (30.5%) 5.50%, 5/2/06 $ 1,000 $ 1,005 5.25%, 6/15/06 1,500 1,507 6.25%, 1/25/08 1,601 1,630 4.00%, 9/2/08 1,000 980 6.38%, 6/15/09 1,100 1,161 6.63%, 9/15/09 1,000 1,066 4.62%, 4/25/10 835 839 4.40%, 12/25/12 799 794 5.00%, 7/1/18 TBA 2,000 1,974 5.50%, 6/1/33 TBA 2,000 1,974 4.31%, 1/1/35 2,219 2,180 3.99%, 3/25/40 (d) 1,664 1,645 4.08%, 8/25/44 (d) 1,639 1,636 ----- 18,391 ------ FEDERAL FARM CREDIT BANK (1.7%) 6.60%, 7/7/06 1,000 1,015 ----- FEDERAL HOME LOAN BANK (8.5%) 3.70%, 11/14/05 **(f) 2,000 1,998 6.09%, 6/2/06 1,500 1,514 4.06%, 8/25/09 765 746 4.84%, 1/25/12 904 914 --- 5,172 ----- FINANCING CORPORATION (8.2%) 3.59%, 4/5/09 ** 2,000 1,702 4.21%, 12/6/11 ** 2,000 1,498 4.81%, 6/6/15 ** 2,000 1,242 6.37%, 11/11/17 ** 1,000 541 --- 4,983 ----- FREDDIE MAC (21.3%) 2.75%, 3/15/08 1,450 1,390 5.50%, 7/15/10 1,000 983 6.88%, 9/15/10 2,000 2,180 5.88%, 3/21/11 1,000 1,040 4.50%, 11/15/12 1,000 979 4.00%, 12/15/21 681 674 5.00%, 12/15/32 1,060 1,037 5.00%, 1/15/34 1,000 940 6.50%, 5/15/34 (d) 1,743 1,735 5.50%, 7/15/35 1,977 1,928 ----- 12,886 ------ GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (13.7%) 3.59%, 11/16/17 467 453 3.96%, 9/16/21 823 805 3.27%, 1/16/23 875 840 4.39%, 5/16/23 887 873 4.50%, 12/16/25 1,164 1,163 5.50%, 2/20/31 2,000 2,019 5.50%, 12/20/32 1,000 983 5.50%, 11/20/33 1,000 986 0.98%, 6/17/45 2,958 178 --- 8,300 ----- SMALL BUSINESS ADMINISTRATION (6.1%) 4.94%, 8/10/15 (f) 3,700 3,665 ----- TENNESSEE VALLEY AUTHORITY (1.8%) 6.79%, 5/23/12 1,000 1,106 ----- TOTAL U.S. GOVERNMENT AGENCIES 55,518 ------ U.S. TREASURY OBLIGATIONS (8.0%) U.S. TREASURY INFLATION PROTECTED BONDS (3.3%) 1.63%, 1/15/15 2,000 1,996 ----- U.S. TREASURY NOTES (4.7%) 5.50%, 2/15/08 800 819 5.63%, 5/15/08 1,000 1,028 4.75%, 5/15/14 1,000 1,013 ----- 2,860 ----- TOTAL U.S. TREASURY OBLIGATIONS 4,856 ----- INVESTMENTS IN AFFILIATES (6.1%) Fifth Third Institutional Government 3,713,512 3,714 Money Market Fund ----- TOTAL INVESTMENTS IN AFFILIATES 3,714 ----- TOTAL (COST $64,938) + - 105.9% $64,088 =======
- ------------ Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS.
FIFTH THIRD MUNICIPAL BOND FUND Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares) SHARES OR PRINCIPAL AMOUNT VALUE MUNICIPAL BONDS (98.0%) ARIZONA (2.3%) Greater Arizona Development Authority, $ 1,070 $ 1,158 -------- 6.00%, 8/1/13, (Callable 8/1/08 @ 102) CALIFORNIA (5.5%) Cal Poly Pomona Foundation, Inc., 265 289 5.50%, 2/1/20, (Callable 2/1/11 @ 101) La Canada University School District, 1,000 1,093 Series A, GO, 5.50%, 8/1/24, (Callable 8/1/14 @ 100) Placentia -Yorba Linda Union School 1,000 1,086 District, Series B, GO, 5.38%, 8/1/22, (Callable 8/1/14 @ 100) Sacramento County Sanitation Financing 250 277 --- Authority, 6.00%, 12/1/15, (Callable 12/1/10 @ 101) 2,745 COLORADO (12.9%) Boulder Sales and Use Tax, Series A, 2,000 2,201 6.00%, 12/15/18, (Callable 12/15/09 @ 101) Denver City & County Airport Revenue, 1,020 1,061 5.00%, 11/15/08 Douglas County School District No.1, 1,000 1,130 GO, 5.75%, 12/15/21, (Callable 12/15/14 @ 100) E-470 Public Highway Authority 1,000 1,050 Revenue, Series C, 6.00%, 9/1/07 University of Colorado, Enterprise 1,000 1,040 ----- System Revenue, 5.00%, 6/1/25, (Callable 6/1/15 @ 100) 6,482 ----- FLORIDA (1.1%) Jupiter, Community Center Project, 500 572 --- 5.50%, 7/1/21 IDAHO (2.2%) University of Idaho, 5.00%, 4/1/18, 1,055 1,118 ----- (Callable 4/1/15 @ 100) ILLINOIS (8.1%) Chicago Metropolitan Water 500 608 Reclamation District-Greater Chicago, Capital Improvements GO, 7.25%, 12/1/12 Chicago Single Family Mortgage 195 195 Revenue, Series A, (AMT), 4.70%, 10/1/17, (Callable 4/1/09 @ 102) Development Finance Authority, 1,700 1,927 Elmhurst Community School, 6.38%, 1/1/17, (Prerefunded 1/1/11 @ 100) State GO, 5.88%, 10/1/17, (Callable 300 324 1/1/09 @ 100) State Sales Tax Revenue, 5.00%, 1,000 1,041 6/15/08 ----- 4,095 IOWA (4.7%) ----- Finance Authority, Private College 2,055 2,362 ----- Revenue, Drake University Project, 6.50%, 12/1/11 KENTUCKY (0.7%) Fayette County School District Finance 370 372 --- Corp., 4.00%, 4/1/13 MAINE (3.4%) Housing Authority Management, Series 1,690 1,690 ----- F-2 (AMT), 2.55%, 11/15/05 MASSACHUSETTS (1.0%) Boston Economic Development & 500 517 --- Industrial Corp., 4.50%, 6/1/30, (Callable 6/1/10 @ 100) MICHIGAN (18.1%) Grand Ledge Public School District, 1,000 1,047 5.00%, 5/1/22, (Callable 5/1/15 @ 100) Higher Education Student Loan 1,000 1,037 Authority Revenue, Series XII-W (AMT), 4.75%, 3/1/09 Hospital Financial Authority Revenue, 1,200 1,200 Crittenton Hospital, Series A, 2.77%, 3/1/14 (d) Kent Hospital Financial Authority 2,125 2,341 Revenue, Spectrum Health, Series A, 5.50%, 1/15/13, (Prerefunded 7/15/11 @ 101) Kent, Hospital Financial Authority 375 396 Revenue, Spectrum Health, Series B, 5.00%, 7/15/11 State Hospital Financial Authority 500 518 Revenue, Marquette General Hospital Obligations Group-A, 5.00%, 5/15/13 Strategic Fund, Hope Network Project, 1,000 1,052 Series B, 5.13%, 9/1/13, (Callable 9/1/08 @ 102) University of Michigan Hospital 1,500 1,500 ----- Revenue, 2.70%, 12/1/35 (d) 9,091 ----- MINNESOTA (5.0%) Becker Independent School District No. 1,000 1,093 726, 6.00%, 2/1/21, (Callable 2/1/10 @ 100) St. Paul, Housing & Redevelopment 500 481 Authority Revenue, Smith Avenue Transit Center, 3.50%, 6/1/12, (Callable 6/1/10 @100) State Housing Finance Agency, 1,000 943 --- Residential Housing, (AMT), 3.40%, 7/1/12 2,517 ----- MISSOURI (5.2%) Greene County School District, 6.20%, 2,400 2,640 3/1/18, (Callable 3/1/10 @ 100) ----- NEBRASKA (3.2%) Omaha Series A, GO, 6.50%, 12/1/13 1,365 1,614 ----- NEW MEXICO (2.1%) Mortgage Financial Authority, Single 1,000 1,068 ----- Family Mortgage, (AMT), 3.50%, 7/1/36 NEW YORK (5.2%) Environmental Facilities Corp., Solid 500 498 Waste Disposition Revenue, Series A, 2.90%, 5/1/12 Thruway Authority, Series 1997 B, 1,000 1,041 6.00%, 4/1/07 Tollway Authority Highway & Bridge 1,000 1,064 Trust Fund, 5.00%, 4/1/19 ----- 2,603 ----- NORTH DAKOTA (2.3%) State Water Commission, 4.25%, 1,130 1,148 ----- 8/1/15 OKLAHOMA (2.1%) Tulsa International Airport (AMT), 1,000 1,060 ----- 5.50%, 6/1/10 OREGON (5.1%) Clackamas County School District No. 1,420 1,523 086, 5.00%, 6/15/16 Sunrise Water Authority Revenue, 1,000 1,069 5.25%, 3/1/24, (Callable 3/1/14 @ 100) ----- 2,592 ----- PENNSYLVANIA (3.4%) Higher Educational Facilities Authority 500 512 Revenue, Health System, Series A, 5.00%, 8/15/07 Lehigh Northampton Airport (AMT), 1,175 1,208 5.00%, 1/1/19, (Callable 1/1/15 @ 100) ----- 1,720 ----- PUERTO RICO (2.1%) Public Building Authority Revenue, 1,000 1,081 ----- Series I, 5.50%, 7/1/23, (Callable 7/1/14 @ 100) TEXAS (2.3%) Tomball Hospital Authority Revenue, 250 250 4.00%, 7/1/06 Travis County GO, 5.75%, 3/1/17, 815 890 (Prerefunded 3/1/10 @ 100) --- 1,140 ----- TOTAL MUNICIPAL BONDS 49,385 ------ MONEY MARKETS (0.7%) AIM Tax Free Money Market Fund 102 -# Dreyfus Tax Exempt Money Market 277,064 278 Fund Goldman Sachs Financial Tax Free 346 -# Money Market Fund Merrill Lynch Institutional Tax Exempt Fund 51,061 51 -- TOTAL MONEY MARKETS 329 --- TOTAL (COST $47,929) + - 98.7% $49,714 =======
- ------------ Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS.
FIFTH THIRD INTERMEDIATE MUNICIPAL BOND FUND Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares) SHARES OR PRINCIPAL AMOUNT VALUE MUNICIPAL BONDS (97.7%) ALABAMA (1.7%) Mobile County, Refunding & $ 3,080 $ 3,353 ----- Improvements Warrants, 5.25%, 8/1/17, (Callable 8/1/14 @ 100) ALASKA (0.4%) State Housing Finance Corp., Housing 745 723 --- Development, Series A (AMT), 2.35%, 12/1/07 ARIZONA (4.9%) Glendale Water & Sewer Revenue, 1,040 1,071 5.00%, 7/1/07 Mesa Street & Highway Revenue, 1,000 1,145 6.25%, 7/1/12 Mesa Street & Highway Revenue, 1,000 1,136 6.25%, 7/1/13, (Prerefunded 7/1/11 @ 100) Pima County Community College 670 690 District Revenue, 5.00%, 7/1/07 Pima County University School District, 1,050 1,137 No. 012 Sunnyside, GO, 5.75%, 7/1/12, (Prerefunded 7/1/09 @ 100) Tempe Performing Arts Center, Excise 2,000 2,175 Tax Revenue, 5.25%, 7/1/17, (Callable 7/1/14 @ 100) Tucson Street & Highway, User 2,000 2,381 ----- Revenue, Junior Lien, Series 1994-E, 6.75%, 7/1/13 9,735 ----- CALIFORNIA (3.1%) La Canada Unified School District, 1,400 1,522 Election 2004, Series A, GO, 5.38%, 8/1/21, (Callable 8/1/14 @ 100) La Canada University School District, 375 410 Series A, GO, 5.50%, 8/1/24, (Callable 8/1/14 @ 100) Orange County, Series A, Refunding 3,000 3,338 Recovery, 6.00%, 6/1/10 Placentia -Yorba Linda Union School 775 842 --- District, Series B, GO, 5.38%, 8/1/22, (Callable 8/1/14 @ 100) 6,112 COLORADO (6.0%) ----- Denver City & County Airport Revenue, 1,000 1,041 Series B, (AMT), 5.50%, 11/15/07 Denver City & County Airport Revenue, 1,000 1,019 Series D, (AMT), 5.00%, 11/15/06 Denver City & County Airport Revenue, 2,655 2,736 Series D, (AMT), 5.00%, 11/15/07 El Paso County School District No. 1,150 1,303 038, GO, 6.38%, 12/1/16, (Prerefunded 12/1/10 @ 100) El Paso County School District No. 1,005 1,139 038, GO, 6.38%, 12/1/18, (Prerefunded 12/1/10 @ 100) Housing & Finance Authority, Single 5 5 Family Program, Series C-3, 4.70%, 10/1/22, (Callable 10/1/09 @ 102) Larimer County School District No. R1, 2,000 2,156 GO, 5.50%, 12/15/09 Regional Transportation District, 2.30%, 1,000 984 12/1/22 Summitt County School District No. 1,465 1,631 ----- RE1, GO, 5.75%, 12/1/12, (Callable 12/1/11 @ 100) 12,014 ------ CONNECTICUT (0.8%) New Haven, Series B, GO, 5.75%, 1,500 1,635 ----- 11/1/09 FLORIDA (1.1%) Lakeland Electric & Water Revenue, 2,000 2,099 ----- ETM, 5.90%, 10/1/07 HAWAII (1.6%) Airport Systems Revenue, Series B 2,000 2,333 (AMT), 8.00%, 7/1/10 Highway Revenue, 5.50%, 7/1/10 765 831 --- 3,164 ----- ILLINOIS (3.3%) Chicago Metropolitan Water 3,000 3,278 Reclamation District, Capital Improvement, ETM, GO, 5.50%, 12/1/10 Development Financial Authority 125 127 Revenue, DePaul University, Series C, 5.00%, 10/1/06 Development Financial Authority 200 205 Revenue, DePaul University, Series C, 5.00%, 10/1/07 Educational Facilities Authority, Art 1,000 988 Institute, 4.13%, 3/1/30 Financial Authority Gas Supply 1,000 989 Revenue, Peoples Gas Light & Coke Co., 4.30%, 6/1/35 State, GO, 5.25%, 2/1/09 1,000 1,058 ----- 6,645 ----- INDIANA (5.8%) Fort Wayne International Airport 1,615 1,677 Building Corp. Revenue, (AMT), 5.00%, 7/1/12 Fort Wayne International Airport 1,695 1,752 Building Corp. Revenue, (AMT), 5.00%, 7/1/13 Michigan City Independent School 1,400 1,475 Building Corp., 5.00%, 7/5/09 Municipal Power Supply Agency 2,000 2,184 System Revenue, Series B, 5.88%, 1/1/10 Municipal Power Supply Agency 3,000 3,400 System Revenue, Series B, 6.00%, 1/1/13 Tippecanoe County Independent 1,000 1,014 ----- Elementary School Building Corp., 5.10%, 7/15/06 11,502 ------ IOWA (0.1%) Iowa State University, Science & 140 141 --- Technology Revenue, 3.75%, 7/1/10 KENTUCKY (0.1%) Housing Corp., 3.45%, 1/1/10 275 273 --- MAINE (0.3%) Housing Authority Management, Series 500 500 --- F-2 (AMT), 2.55%, 11/15/05 MASSACHUSETTS (1.3%) Boston Economic Development & 1,000 1,034 Industrial Corp., 4.50%, 6/1/30, (Callable 6/1/10 @ 100) State Development Finance Agency 1,525 1,509 ----- Revenue, Chelsea Homes, (AMT), 2.90%, 12/15/06 2,543 ----- MICHIGAN (26.9%) Battle Creek Downtown Development 2,215 2,307 Authority, 6.00%, 5/1/07 Brighton Township Sanitation and 1,105 1,118 Sewer Drainage, 4.00%, 10/1/13 Brighton Township Sanitation and 1,135 1,137 Sewer Drainage, 4.00%, 10/1/14 Building Authority Revenue, 5.00%, 1,500 1,593 10/15/29 Building Authority Revenue, Police 350 387 Communications, 5.50%, 10/1/12 Certificate of Participation, Series A, 2,000 2,113 5.00%, 9/1/31 Comprehensive Transportation, 5.50%, 950 1,038 5/15/11 Detroit, GO, (AMT), 5.50%, 4/1/08 1,195 1,251 Grand Rapids & Kent County Joint 565 599 Building Authority, GO, 5.50%, 10/1/08 Grand Rapids Water Supply, 5.00%, 1,000 1,037 1/1/08 Higher Education Facilites Authority 765 795 Revenue, Kalamazoo College Project, 5.25%, 12/1/07 Higher Education Facilities Authority 250 255 Revenue, Hope College Project, 4.50%, 10/1/07 Higher Education Facilities Authority 590 603 Revenue, Hope College Project, 4.80%, 10/1/10, (Callable 10/1/09 @ 100) Higher Education Facilities Authority, 200 206 Hope College Project, 4.70%, 10/1/09 Higher Education Student Loan 3,885 3,986 Authority Revenue, Series XII-Q, (AMT), 5.05%, 9/1/08 Higher Education Student Loan 1,000 1,030 Authority Revenue, Series XII-W, (AMT), 4.60%, 9/1/08 Higher Education Student Loan 1,800 1,866 Authority Revenue, Series XII-W, (AMT), 4.75%, 3/1/09 Higher Education Student Loan 4,225 4,368 Authority Revenue, Series XII-W, (AMT), 5.20%, 9/1/08 Higher Education Student Loan 1,000 992 Authority Revenue, Series XVII-I, (AMT), 3.95%, 3/1/11 Hospital Finance Authority, 4.35%, 500 504 3/1/09 Hospital Financial Authority Revenue, 1,900 1,900 Crittenton Hospital, Series A, 2.77%, 3/1/14 (d) Hospital Financial Authority Revenue, 1,125 1,176 Edward W. Sparrow Group, 5.25%, 11/15/08 Hospital Financial Authority Revenue, 1,165 1,228 Edward W. Sparrow Hospital, 5.25%, 11/15/09 Hospital Financial Authority Revenue, 505 531 Holland Community Hospital, Series A, 5.00%, 1/1/15, (Callable 1/1/14 @ 100) Kent Hospital Financial Authority, 1,075 1,123 Revenue, Spectrum Health, Series A, 5.25%, 1/15/09 Kent, Hospital Financial Authority 1,900 2,009 Revenue, Spectrum Health, Series B, 5.00%, 7/15/11 Montague Public School District, GO, 1,005 1,096 5.50%, 5/1/12, (Callable 11/1/11 @ 100) Muskegon Water System, Series A, 340 364 5.25%, 11/1/09 State Hospital Financial Authority 1,005 1,042 Revenue, Marquette General Hospital Obligations Group-A, 5.00%, 5/15/13 State Housing Development Authority, 320 320 Multi-Family Revenue, 4.15%, 4/20/11 State Housing Development Authority, 175 175 Multi-Family Revenue, 4.40%, 4/20/13 State Housing Development Authority, 660 653 Series A, (AMT), 3.95%, 12/1/12 Strategic Fund, Limited Obligation 1,000 1,028 Revenue, Hope Network Project, Series B, 4.80%, 9/1/08 Strategic Fund, Limited Obligation 1,415 1,392 Revenue, International Project, 3.00%, 8/1/07 Strategic Fund, Limited Obligation 2,240 2,308 Revenue, International Project, 4.75%, 8/1/11 Strategic Fund, Limited Obligation 820 854 Revenue, International Project, 5.00%, 8/1/13 Strategic Fund, Limited Obligation 1,000 999 Revenue, Solid Waste Disposal, 3.15%, 12/1/13 Trunk Line, Series A, 5.25%, 11/1/13 600 655 University of Michigan Hospital 4,130 4,312 Revenue, 5.00%, 12/1/08 University of Michigan, Medical Service 500 500 Plan, Series A-1, 2.70%, 12/1/21 (d) University of Michigan, Series A-2, 1,500 1,500 2.70%, 12/1/24 (d) Wyandotte Electric Revenue, (AMT), 600 631 5.00%, 10/1/13 Wyandotte Electric Revenue, (AMT), 600 605 --- 4.50%, 10/1/14 53,586 ------ MINNESOTA (2.8%) Elk River, Independent School District 1,985 1,948 No. 728, Series C, 4.00%, 2/1/17 Housing Finance Agency, 4.55%, 1,305 1,310 7/1/12, (Callable 7/1/11 @ 100) St. Paul, Housing & Redevelopment 2,000 1,923 Authority Revenue, Smith Avenue Transit Center, 3.50%, 6/1/12, (Callable 6/1/10 @100) State Housing Finance Agency, 385 363 --- Residential Housing, (AMT), 3.40%, 7/1/12 5,544 ----- MISSISSIPPI (0.3%) Series A, GO, 5.25%, 12/1/07 500 519 --- MISSOURI (1.2%) Brentwood Tax Increment Revenue, 245 244 Brentwood Square Project, 4.13%, 5/1/11 Clay County Public School District No. 2,000 2,205 ----- 53, Liberty Direct Deposit Program, GO, 6.25%, 3/1/17, (Callable 3/1/10 @ 100) 2,449 ----- NEBRASKA (0.6%) Financial Authority Single Family 240 237 Housing, Series C, 3.75%, 9/1/11 Financial Authority Single Family 150 148 Housing, Series C, 3.85%, 3/1/12 Investment Financial Authority, Single 365 361 Family Housing Revenue, Series D, (AMT), 4.10%, 9/1/10 Investment Financial Authority, Single 520 518 --- Family Housing Revenue, Series D, (AMT), 4.25%, 9/1/11 1,264 ----- NEVADA (0.2%) Douglas County, Solid Waste Disposal, 100 100 3.00%, 12/1/06 Douglas County, Solid Waste Disposal, 100 99 3.00%, 12/1/07 Douglas County, Solid Waste Disposal, 100 100 3.50%, 12/1/08 Douglas County, Solid Waste Disposal, 100 100 --- 3.75%, 12/1/09 399 NEW JERSEY (2.7%) Ocean County Utilities Authority, 2,500 2,580 Wastewater, Refunding, 6.00%, 1/1/07 Turnpike Authority Revenue, Series A, 575 652 6.00%, 1/1/13 Turnpike Authority Revenue, Series A, 1,925 2,193 ----- ETM, 6.00%, 1/1/13 5,425 ----- NEW MEXICO (1.3%) Mortgage Financial Authority, Single 1,000 998 Family Mortgage, (AMT), 4.05%, 7/1/26 Mortgage Financial Authority, Single 1,000 1,067 Family Mortgage, (AMT), 3.50%, 7/1/36 Taos County Gross Receipts Tax 565 530 --- Revenue, County Educational Improvements, 3.88%, 10/1/11 2,595 ----- NEW YORK (1.8%) Environmental Facilties Corp., Solid 2,000 1,993 Waste Disposition Revenue, Series A, 2.90%, 5/1/12 Tollway Authority Highway & Bridge 1,500 1,618 ----- Trust Fund, 5.00%, 4/1/15 3,611 ----- NORTH DAKOTA (0.6%) Department of Transportation, Grant & 500 491 Revenue Anticipation Bonds, 3.50%, 6/1/12 Department of Transportation, Grant & 500 492 Revenue Anticipation Bonds, 3.63%, 6/1/13 State Water Commission, 4.00%, 220 220 --- 8/1/14 1,203 ----- OHIO (2.3%) Economic Development Revenue, 500 487 (AMT), 4.08%, 6/1/13 Higher Educational Facilities Revenue, 645 634 Ohio Northern University Project, 3.88%, 5/1/13 Housing Financial Agency Mortgage 1,000 984 Revenue, (AMT), 3.55%, 3/1/10 Housing Financial Agency Mortgage 1,000 989 Revenue, (AMT), 3.70%, 3/1/11 Housing Financial Agency Mortgage 500 491 Revenue, (AMT), 4.00%, 3/1/14 State Higher Education Facility 500 505 Revenue, John Carroll University, 4.00%, 11/15/09 Summit County, GO, 6.00%, 12/1/09 400 438 --- 4,528 ----- PENNSYLVANIA (5.7%) Chartiers Valley Joint School, ETM, 4,110 4,273 6.15%, 3/1/07 Chichester School District, 4.00%, 490 495 3/15/13 Clarion County, Industrial Development 2,000 1,966 Authority, Water Facilities Revenue, (AMT), 3.60%, 12/1/32 Higher Educational Facilities Authority, 250 239 Widener University, 3.60%, 7/15/11 Higher Educational Facilities Authority, 405 387 Widener University, 3.75%, 7/15/12 Higher Educational Facilities Authority, 430 410 Widener University, 3.85%, 7/15/13 Housing Finance Agency, 4.50%, 1,195 1,219 10/1/09 Philadelphia Authority for Industrial 2,400 2,400 ----- Development Revenues, Newcourtland Elderly Services Project, 1.82%, 3/1/27 (d) 11,389 ------ PUERTO RICO (5.0%) Commonwealth, Refunding Series A, 3,000 3,131 5.00%, 7/1/30 Public Building Authority Revenue, 2,000 2,163 Series I, 5.50%, 7/1/23, (Callable 7/1/14 @ 100) Public Buildings Authority Revenue, 2,000 2,035 Refunding, Government Facilities, Series K, 4.50%, 7/1/22 Public Finance Corp., Commonwealth 2,500 2,706 ----- Appropriations, Series A, 5.75%, 8/1/27 10,035 ------ RHODE ISLAND (1.4%) Depositors Economic Protection Corp., 2,535 2,824 ----- Series A, ETM, 5.88%, 8/1/11 SOUTH CAROLINA (0.5%) Anderson County School District No. 890 981 --- 002, Series B, GO, 6.00%, 3/1/13, (Callable 3/1/10 @ 101) TENNESSEE (3.3%) Housing Development Agency, Series A, 1,100 1,099 4.00%, 7/1/10 Metropolitan Nashville Airport 2,570 2,702 Authority Revenue, (AMT), 5.38%, 7/1/14, (Callable 7/1/08 @ 102) Shelby County, Health Educational & 1,000 1,004 Housing Facilities Board, 4.00%, 9/1/06 (e) Shelby County, Health Educational & 1,795 1,859 ----- Housing Facilities Board, 5.00%, 9/1/24 (e) 6,664 ----- TEXAS (2.8%) Cypress-Fairbanks Independent School 1,500 1,583 District, 5.00%, 2/15/22 Dallas Waterworks & Sewer Systems 1,000 1,066 Revenue, 5.25%, 10/1/09 Hidalgo County Health Services, 250 250 Mission Hospital, Inc. Project, 4.00%, 8/15/06 Huffman Independent School District, 100 101 GO, 7.00%, 2/15/06 Huffman Independent School District, 160 168 GO, 7.00%, 2/15/07 Municipal Power Agency Revenue, 500 503 4.00%, 9/1/12 Series A, GO, 6.00%, 10/1/08 1,600 1,717 Tomball Hospital Authority Revenue, 250 250 --- 4.00%, 7/1/06 5,638 ----- UTAH (0.8%) Housing Corp., Single Family Mortgage 680 669 Revenue, Series A, Class I, (AMT), 2.00%, 7/1/06 Housing Corp., Single Family Mortgage 880 862 --- Revenue, Series A, Class I, (AMT), 2.35%, 7/1/07 1,531 ----- VIRGINIA (1.1%) Richmond, GO, 5.38%, 7/15/13, 2,000 2,201 ----- (Prerefunded 7/15/11 @ 101) WASHINGTON (5.9%) Energy Northwest, Electric Revenue, 4,040 4,332 Columbia General Station, Series F, 5.25%, 7/1/16 Grant County Public Utility District No. 2,485 2,644 002, Electric Revenue, 5.00%, 1/1/11 King County School District No. 415, 2,000 2,183 Kent, Series A, GO, 5.55%, 12/1/11 Motor Vehicle Fuel Tax, R-92D, 6.25%, 1,000 1,054 9/1/07 Port Tacoma, Series A, GO, (AMT), 1,010 1,040 4.90%, 12/1/07 Yakima County, GO, 5.25%, 12/1/16, 425 454 --- (Callable 12/1/12 @ 100) 11,707 ------ TOTAL MUNICIPAL BONDS 194,532 ------- MONEY MARKETS (0.1%) AIM Tax Free Money Market Fund 102 -# Dreyfus Tax Exempt Money Market 36,842 37 Fund Goldman Sachs Financial Tax Free 100 -# Money Market Fund Merrill Lynch Institutional Tax Exempt Fund 106,674 107 --- TOTAL MONEY MARKETS 144 --- TOTAL (COST $190,450) + - 97.8% $194,676 ========
- ------------ Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS.
FIFTH THIRD OHIO MUNICIPAL BOND FUND Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares) SHARES OR PRINCIPAL AMOUNT VALUE MUNICIPAL BONDS (98.1%) OHIO (93.6%) Akron Bath Copley Joint Township $ 1,000 $ 1,056 Hospital District, Summa Health System Revenue, Series A, 5.25%, 11/15/16, (Callable 11/15/14 @ 100) American Municipal Power - Ohio, Inc., 1,825 1,967 5.25%, 1/1/11 Beavercreek Local School District, 1,500 1,800 6.60%, 12/1/15 Berea, GO, 5.13%, 12/1/13 1,215 1,270 Building Authority, 5.25%, 10/1/10, 2,410 2,562 (Callable 4/1/09 @ 101) Butler County Hospital Facilities 2,000 1,949 Revenue, 4.75%, 11/15/18, (Callable 11/15/08 @ 101) Butler County Transportation 2,000 2,151 Improvement District, Series A, 6.00%, 4/1/12, (Callable 4/1/08 @ 102) Cincinnati City School District, 3,000 3,272 Classroom Facilities Construction & Improvements, 5.25%, 12/1/14, (Callable 12/1/13 @ 100) Cleveland Public Power System 4,900 5,099 Revenue, 5.25%, 11/15/16, (Callable 11/15/06 @ 102) Cleveland Stadium Project, 5.25%, 4,110 4,347 11/15/11, (Callable 11/15/07 @ 102) Cleveland, GO, 5.25%, 12/1/17 1,125 1,223 Cleveland, Non Tax Revenue, Cleveland 1,225 1,312 Stadium Project, 5.00%, 12/1/15 Cleveland-Cuyahoga County, Port 1,100 1,111 Authority Revenue, Dev-Rita Project, 4.00%, 11/15/10 Cuyahoga County Hospital Revenue, 2,245 2,378 5.50%, 2/15/09 Cuyahoga County Jail Facilities, GO, 3,000 3,288 5.25%, 10/1/13 Dayton, City School District, School 5,820 6,166 Facilities Construction & Improvement, Series D, 5.00%, 12/1/16, (Callable 6/1/13 @ 100) Dayton-Montgomery County Port 1,060 1,063 Authority, Development-Parking Garage Project, Series A, 5.00%, 11/15/17 Economic Development Revenue, 350 345 3.50%, 12/1/07 Economic Development Revenue, 815 813 4.40%, 12/1/12 Erie County Hospital Facilities 400 408 Revenue, 5.00%, 8/15/08 Erie County Hospital Facilities Revenue, 250 266 5.50%, 8/15/12 Euclid City School District, GO, 5.13%, 1,500 1,532 12/1/11, (Callable 12/1/05 @ 102) Franklin County Development Revenue, 2,270 2,413 5.50%, 10/1/12, (Callable 10/1/09 @ 101) Franklin County, Online Computer 2,270 2,362 Library Center, 5.00%, 4/15/10 Franklin County, Trinity Health, 5.00%, 475 504 6/1/13 Greater Cleveland Regional Transit 1,455 1,558 Authority, 5.38%, 12/1/11, (Callable 12/1/08 @ 101) Hamilton County Hospital Facilities 1,000 1,050 Revenue, 5.20%, 12/1/13, (Callable 12/1/07 @ 101) Hamilton County Hospital Facilities 1,500 1,500 Revenue, Children's Hospital Medical Center, 2.60%, 5/15/28 (d) Hamilton County Hospital Facilities 1,510 1,561 Revenue, Cincinnati Children's Hospital, Series J, 4.50%, 5/15/14 Hamilton County Hospital Facilities, 2,670 2,842 Revenue, 5.25%, 5/15/11, (Callable 11/15/08 @ 101) Hamilton County Sewer System 1,000 1,022 Revenue, Series A, 5.60%, 12/1/08, (Callable 12/1/05 @ 102) Higher Education, Capital Facilities 2,695 2,817 Revenue, Series II-A, 5.50%, 12/1/07 Higher Education, Case Western 6,500 7,520 Reserve, 6.25%, 7/1/14 Higher Education, Dennison University 1,000 1,099 Project, 5.50%, 11/1/12, (Callable 11/1/11@ 101) Higher Education, John Carroll 1,435 1,539 University, 5.25%, 11/15/14, (Callable 11/15/13 @ 100) Higher Education, John Carroll 1,490 1,596 University, 5.25%, 11/15/15, (Callable 11/15/13 @ 100) Higher Educational Facilities Revenue, 475 470 Ohio Northern University Project, 3.50%, 5/1/10 Hilliard School District, 5.50%, 2,780 2,953 12/1/08 Housing Authority, 4.63%, 9/1/31, 1,405 1,417 (Callable 1/1/11 @ 100) Housing Finance Agency, (AMT), 340 339 3.95%, 9/1/08 Housing Finance Agency, (AMT), 580 575 4.15%, 9/1/09 Housing Finance Agency, (AMT), 220 219 4.35%, 9/1/10 Housing Finance Agency, (AMT), 755 723 3.65%, 9/1/11 Housing Finance Agency, (AMT), 220 221 4.55%, 9/1/11 Housing Finance Agency, (AMT), 1,120 1,106 3.30%, 9/1/30 Housing Finance Agency, Mortgage 1,000 984 Revenue, (AMT), 3.90%, 3/1/13 Knox County Hospital Facilities 1,150 1,179 Revenue, 4.70%, 6/1/08 Knox County Hospital Facilities 6,250 6,554 Revenue, 5.00%, 6/1/12 Lucas County, 6.65%, 12/1/12 145 145 Mental Health Capital Facilities, Series 2,135 2,291 II-A, 5.00%, 6/1/13 Montgomery County Catholic Health 2,750 3,031 Initiatives, Series A, 6.00%, 12/1/26 Montgomery County Solid Waste 3,000 3,068 Revenue, 5.40%, 11/1/08, (Callable 11/1/05 @ 102) Municipal Electric Generation Agency, 3,575 3,830 Refunding, Joint Venture, 5-CTFS Ben Int, 5.00%, 2/15/14 North Olmstead, 6.20%, 12/1/11 3,000 3,399 Sidney Construction, 4.90%, 11/1/07 530 534 State Schools, 5.00%, 6/15/13 1,000 1,077 State Solid Waste Revenue, Ohio Water 3,000 3,055 Development Authority, (AMT), 4.85%, 11/1/22 State Solid Waste Revenue, 3,470 3,366 Republic Services Project, (AMT), 4.25%, 4/1/33 Toledo-Lucas County, Port Authority 1,110 1,135 Special Assessment Revenue, Crocker Park Public Improvement Project, 5.00%, 12/1/09 Toledo-Lucas County, Port Authority 1,155 1,182 Special Assessment Revenue, Crocker Park Public Improvements Project, 5.00%, 12/1/08 University of Cincinnati, 5.00%, 300 319 6/1/10 University of Cincinnati, 5.50%, 2,000 2,142 6/1/09 Water Development Authority, Pollution 1,000 1,050 Control Facilities Revenue, 5.25%, ----- 12/1/08, (Callable 12/1/07 @ 101) 121,125 ------- PUERTO RICO (4.5%) Commonwealth, Refunding Series A, 3,000 3,131 5.00%, 7/1/30 Public Buildings Authority Revenue, 1,000 1,018 Refunding, Government Facilities, Series K, 4.50%, 7/1/22 Public Finance Corp., Commonwealth 1,500 1,624 ----- Appropriations, Series A, 5.75%, 8/1/27 5,773 ----- TOTAL MUNICIPAL BONDS 126,898 ------- MONEY MARKETS (0.6%) Goldman Sachs Financial Tax Free 832,743 833 --- Money Market Fund TOTAL MONEY MARKETS 833 --- TOTAL (COST $125,416) + - 98.7% $127,731 ========
- ------------ Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS.
FIFTH THIRD MICHIGAN MUNICIPAL BOND FUND Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares) SHARES OR PRINCIPAL AMOUNT VALUE MUNICIPAL BONDS (99.3%) MICHIGAN (96.5%) Ann Arbor Water Supply Systems, $ 880 $ 932 5.00%, 2/1/10 Avondale School District, UTGO, 800 848 5.00%, 5/1/10 Birmingham City School District, 1,905 2,030 5.00%, 11/1/10 Building Authority Revenue, 5.00%, 1,000 1,062 10/15/29 Building Authority Revenue, Facilities 2,000 2,093 Program, Series III, 5.00%, 10/15/08 Central Michigan University, 5.00%, 1,605 1,700 10/1/09 Certificate of Participation, Series A, 1,000 1,056 5.00%, 9/1/31 Clarkston Schools, 4.00%, 5/1/12 200 202 Comprehensive Transportation, Series 3,000 3,186 A, 5.25%, 5/15/09 Detroit City School District, Building & 1,000 1,041 Site Improvements, Series A, 5.00%, 5/1/08 Detroit Convention Facilities, 5.00%, 2,000 2,095 9/30/08 Detroit, GO, 6.00%, 4/1/06 750 759 Dexter Community School District, GO, 1,730 1,808 6.25%, 5/1/07 Ferndale, UTGO, 4.50%, 4/1/10 1,190 1,240 Forest Hills Public Schools, GO, 2,785 2,951 5.25%, 5/1/09 Frankenmuth School District, UTGO, 125 127 5.50%, 5/1/06 Grand Rapids & Kent County Joint 605 651 Building Authority, GO, 5.50%, 10/1/09 Grand Rapids & Kent County Joint 535 558 Building Authority, UTGO, 5.50%, 10/1/07 Higher Education Facilities Authority 320 329 Revenue, Hope College Project, 4.60%, 10/1/08 Higher Education Facilities Authority 590 591 Revenue, Kalamazoo College Project, 5.25%, 12/1/05 Higher Education Facilities Authority 725 741 Revenue, Kalamazoo College Project, 5.25%, 12/1/06 Higher Education Facility Authority - 1,265 1,284 Thomas M. Cooley Law School, 4.75%, 5/1/07 Higher Education Student Loan 2,525 2,564 Authority Revenue, (AMT), 5.00%, 3/1/07 Higher Education Student Loan 1,000 1,030 Authority Revenue, Series XII-W (AMT), 4.60%, 9/1/08 Higher Education Student Loan 200 207 Authority Revenue, Series XII-W (AMT), 4.75%, 3/1/09 Higher Education Student Loan 1,000 990 Authority Revenue, Series XVII-I (AMT), 3.65%, 3/1/10 Hospital Finance Authority Revenue, 730 730 Oakwood Obligated Group, 5.00%, 11/1/05 Hospital Finance Authority, Bay 1,855 1,884 Medical Center, Series A, 5.38%, 7/1/06 Hospital Financial Authority Revenue, 200 200 Hospital Crittenton, Series A, 3.50%, 3/1/06 Hospital Financial Authority Revenue, 200 200 Hospital Crittenton, Series A, 3.85%, 3/1/07 Hospital Financial Authority Revenue, 300 302 Hospital Crittenton, Series A, 4.15%, 3/1/08 Hospital Financial Authority Revenue, 405 407 McLaren Health Care, Series C, 4.00%, 8/1/08 Hospital Financial Authority Revenue, 1,055 1,056 Sparrow Obligation Group, 5.00%, 11/15/05 Hospital Financial Authority Revenue, 735 744 Sparrow Obligation Group, 5.00%, 11/15/06 Housing Development Authority, 70 70 (AMT), Series B, 3.25%, 12/1/05 Housing Development Authority, 175 175 (AMT), Series B, 3.55%, 12/1/06 Housing Development Authority, 215 215 (AMT), Series B, 3.85%, 12/1/07 Housing Development Authority, 305 304 (AMT), Series B, 4.13%, 12/1/08 Housing Development Authority, 355 354 (AMT), Series B, 4.35%, 12/1/09 Housing Development Authority, 455 455 (AMT), Series B, 4.55%, 12/1/10 Housing Development Authority, 485 490 (AMT), Series B, 4.65%, 12/1/11 Housing Development Authority, 930 938 Parkway Meadows Project, 3.50%, 10/15/08 Housing Development Authority, 710 713 Parkway Meadows Project, 3.50%, 10/15/09 Kalamazoo Hospital Finance Authority 750 789 Revenue, Bronson Methodist Hospital, 5.50%, 5/15/08 Kalamazoo Hospital Finance Authority 500 523 Revenue, Bronson Methodist Hospital, 5.00%, 10/15/08 Kent, Hospital Finance Authority 430 445 Revenue, Spectrum Health, 5.25%, 1/15/08 Kent, Hospital Financial Authority 600 634 Revenue, Spectrum Health, Series B, 5.00%, 7/15/11 Municipal Bond Authority Revenue, 1,000 1,041 Series A, 5.25%, 12/1/07 Municipal Building Authority Revenue, 1,000 1,061 Government Loan Program, Series C, 5.00%, 5/1/10 Muskegon County, Wastewater 1,130 1,144 Management System, No. 1, (AMT), 5.00%, 7/1/06 Muskegon County, Wastewater 1,000 1,039 Management System, No. 1, (AMT), 5.00%, 7/1/08 Novi Community School District, 1,000 1,020 Building & Site Improvements, 4.13%, 5/1/08 Novi Community School District, 2,320 2,431 Building & Site Improvements, 5.00%, 10/1/08 South Central Power Agency, Power 65 65 Supply System Revenue, 5.80%, 11/1/05 South Macomb Disposal Authority 1,115 1,167 Revenue, 5.00%, 9/1/08 State Hospital Finance Authority 450 452 Revenue, Holland Community Hospital, 4.15%, 1/1/12 State Hospital Financial Authority 905 940 Revenue, General Hospital Obligations Group, 5.00%, 5/15/10 State Housing Development Authority, 395 392 Multi-Family Revenue, 3.55%, 4/20/08 Strategic Fund, Hope Network Project, 615 627 Series B, 4.75%, 9/1/07 Strategic Fund, Limited Obligation 2,000 1,965 Revenue, Consumers Energy Company Project, 3.38%, 6/15/10 Strategic Fund, Limited Obligation 1,000 999 Revenue, Solid Waste Disposal, 3.15%, 12/1/13 Trunk Line, Series A, 5.50%, 11/1/07 1,025 1,071 Trunk Line, Series A, 5.25%, 11/1/09 1,000 1,067 University of Michigan Hospital 2,000 2,087 Revenue, 5.00%, 12/1/08 University of Michigan Hospital 510 537 Revenue, 5.00%, 12/1/09 University of Michigan, Series A-2, 200 200 2.70%, 12/1/24 (d) Warren Building Authority, 3.70%, 225 226 11/1/09 Wayne Charter, Airport Revenue, Series 2,000 2,044 D, 5.25%, 12/1/06 Wayne County Airport Authority, 1,000 1,048 5.00%, 12/1/09 Wayne County Community College, 1,000 1,064 5.25%, 7/1/09 Wayne-Westland Community Schools, 1,000 1,063 5.00%, 5/1/10 Wyandotte City School District, 4.00%, 810 819 5/1/13 Wyandotte, Electric Revenue, (AMT), 600 616 4.50%, 10/1/11 Wyandotte, Electric Revenue, (AMT), 600 631 5.00%, 10/1/12 Zeeland, Water System Revenue, 245 247 (AMT), 4.00%, 10/1/06 Zeeland, Water System Revenue, 255 256 (AMT), 4.00%, 10/1/07 Zeeland, Water System Revenue, 270 271 (AMT), 4.00%, 10/1/08 Zeeland, Water System Revenue, 280 280 (AMT), 4.00%, 10/1/09 --- 71,573 ------ PUERTO RICO (2.8%) Public Buildings Authority Revenue, 1,000 1,018 Refunding, Government Facilities, Series K, 4.50%, 7/1/22 Public Finance Corp., Commonwealth 1,000 1,083 Appropriations, Series A, 5.75%, 8/1/27 ----- 2,101 ----- TOTAL MUNICIPAL BONDS 73,674 ------ MONEY MARKETS (0.4%) AIM Tax Free Money Market Fund 171 -# Dreyfus Tax Exempt Money Market 5,482 5 Fund Goldman Sachs Financial Tax Free 3,578 4 Money Market Fund Merrill Lynch Institutional Tax Exempt Fund 285,025 285 --- TOTAL MONEY MARKETS 294 --- TOTAL (COST $74,211) + - 99.7% $73,968 =======
- ------------ Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. FIFTH THIRD FUNDS NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS OCTOBER 31, 2005 (UNAUDITED) (AMOUNTS IN THOUSANDS) - --------------------------------------------------------------------------------
* Non-income producing security. The following abbreviations are used in these Schedules ** Rate represents the effective yield at purchase. of Portfolio Investments: # Market value is less than five hundred dollars. + Represents cost for financial reporting purposes. (a) Part of this security has been deposited as initial ADR- American Depositary Receipt margin on open futures contracts. AMT- Alternative Minimum Tax (b) Affiliate. CBTCS - Convertible Bond Transferable Custodial Security (c) Dollar value included in the security description ETM - Escrowed to Maturity indicated represents expected per share annual GO - General Obligation dividend. TBA - To be announced (d) Variable rate security. Rate presented represents TRAINS - Targeted Return Index Security rate in effect at October 31, 2005. Maturity date UTGO - Unlimited Tax General Obligation represents actual maturity date. W/I - When Issued (e) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund's advisor has deemed this security to be liquid based upon procedures approved by the Board of Trustees. (f) All or part of this security has been deposited as collateral for TBA security. (g) All or part of this security was on loan at October 31, 2005. (h) Investment is in Institutional Shares of underlying fund. (i) Common Stock. (j) The Fund's securities were fair valued at October 31, 2005 using procedures approved by the Board of Trustees.
Cost of Investments Gross Gross Net Unrealized for Federal Unrealized Unrealized Appreciation/ Tax Purposes Appreciation Depreciation (Depreciation) - ------------------------------------------------------------------------------------------------------------------------------------ Small Cap Growth Fund $ 173,427 $ 45,064 $ (2,778) $ 42,286 Mid Cap Growth Fund 357,238 102,894 (8,332) 94,562 Quality Growth Fund 871,937 146,194 (17,198) 128,996 Large Cap Core Fund 197,833 20,588 (9,232) 11,356 Equity Index Fund 261,735 218,671 (19,892) 198,779 Balanced Fund 126,173 9,702 (1,439) 8,263 Micro Cap Value Fund 133,383 37,152 (7,629) 29,523 Small Cap Value Fund 149,305 12,875 (3,640) 9,235 Multi Cap Value Fund 291,047 93,895 (6,061) 87,834 Disciplined Large Cap Value Fund 552,594 121,837 (16,058) 105,779 LifeModel Aggressive FundSM 118,144 21,077 (520) 20,557 LifeModel Moderately Aggressive FundSM 255,835 36,517 (2,436) 34,081 LifeModel Moderate FundSM 456,421 33,671 (8,403) 25,268 LifeModel Moderately Conservative FundSM 95,807 9,293 (2,038) 7,255 LifeModel Conservative FundSM 57,539 2,399 (1,493) 906 Strategic Income Fund 165,051 7,815 (4,625) 3,190 Dividend Growth Fund 22,224 396 (531) (135) Technology Fund 57,275 1,927 (716) 1,211 International Equity Fund 420,480 56,622 (46,169) 10,453 Bond Fund 369,282 871 (4,458) (3,587) Intermediate Bond Fund 577,665 2,305 (15,912) (13,607) Short Term Bond Fund 352,742 22 (9,685) (9,663) U.S. Government Bond Fund 64,940 138 (990) (852) Municipal Bond Fund 47,903 1,997 (186) 1,811 Intermediate Municipal Bond Fund 190,402 5,496 (1,222) 4,274 Ohio Municipal Bond Fund 125,220 3,304 (793) 2,511 Michigan Municipal Bond Fund 74,201 377 (610) (233)
THE TABLE BELOW REFLECTS THE BALANCED FUND'S ACTIVITES IN WRITTEN OPTIONS, ALL OF WHICH WERE FOR PURPOSES OF EARNING ADDITONAL INCOME DURING THE PERIOD. NO OTHER FUNDS ENGAGED IN WRITTEN OPTION CONTRACTS DURING THE PERIOD ENDED OCTOBER 31, 2005.
Balance at Options Options Balance at July 31, 2005 written expired October 31, 2005 ---------------------------------------------------------- NUMBER OF CONTRACTS Balanced Fund 34 - (34) - PREMIUMS ($000) Balanced Fund $ 8 $ - $ (8) $ -
Open futures contracts as of October 31, 2005 (Amounts in thousands except contract amount)
Unrealized Number of Appreciation/ Contracts Contract Type Notional Amount (Depreciation) Market Value ---------- ------------------------------- --------------- -------------- ------------- Large Cap Core Fund 15 Standard & Poor's 500, 12/15/05 $ 4,547 $ (10) $ 4,537 ========== =============== ============= ============= Equity Index Fund 38 Standard & Poor's 500, 12/15/05 $11,754 $(261) $11,493 ========== =============== ============= ============= International Equity Fund 78 CAC40, 12/16/05 $ 4,202 $ (54) $ 4,148 2 DAX, 12/16/05 299 (4) 295 36 FTSE 100, 12/16/05 3,337 54 3,391 9 HANG SENG, 11/29/05 837 (2) 835 101 TOPIX, 12/8/05 12,014 569 12,583 ---------- --------------- ------------- ------------- 226 $20,689 $ 563 $21,252 ========== =============== ============= =============
As of October 31, 2005, the following Funds had securities on loan with the following market values and collateral amounts:
Average Market Value Loan Open Collateral of Loaned Outstanding Cash Collateral Commitments Securities during the year ---------------------------------------------------------------------- Small Cap Growth Fund $ 37,360 $ (31) $ 37,994 $ 44,361 Mid Cap Growth Fund 71,521 (364) 72,736 74,956 Quality Growth Fund 161,496 (10,438) 164,239 181,112 Large Cap Core Fund 21,243 927 21,604 19,207 Equity Index Fund 55,577 724 56,521 52,038 Balanced Fund 8,844 44 8,995 9,806 Micro Cap Value Fund 17,511 718 17,808 17,225 Small Cap Value Fund 28,499 (403) 28,983 31,608 Multi Cap Value Fund 47,358 (1,447) 48,163 49,594 Disciplined Large Cap Value Fund 58,833 6,044 59,833 61,446 Strategic Income Fund 8,123 (161) 8,261 8,432 Dividend Growth Fund 542 - 551 584 Technology Fund 12,154 (732) 12,361 9,166 International Equity Fund 18,609 1,993 18,925 14,749 Bond Fund 12,998 (38) 13,219 14,375 Intermediate Bond Fund 12,922 (123) 13,142 20,965 Short Term Bond Fund 24,041 (1) 24,450 25,752
The cash collateral received by the Fifth Third Funds at October 31, 2005, was pooled and invested in the following:
SECURITY TYPE SECURITY NAME VALUE RATE MATURITY DATE - ------------------------------------------------------------------------------------------------------------------------- Certificate of Deposit Bayerische Landesbank NY $ 25,000 4.05% 10/24/06 Floating Rate Security American Express Credit Co. 27,000 3.93% 3/16/06 Floating Rate Security Bank of New York, Co., Inc. 40,000 3.91% 10/10/06 Floating Rate Security General Electric Capital Corp. 7,702 4.04% 1/9/06 Floating Rate Security Goldman Sachs Group, Inc. 17,000 3.99% 1/13/06 Floating Rate Security HSBC Finance Corp. 35,000 4.02% 11/24/06 Floating Rate Security IBM Corp. 35,000 3.91% 1/9/06 Floating Rate Security Morgan Stanley 10,000 3.85% 10/3/06 Floating Rate Security Morgan Stanley 5,000 3.85% 10/3/06 Floating Rate Security Morgan Stanley 25,000 3.89% 10/4/06 Floating Rate Security Florida Heart Group 8,865 4.07% 4/1/14 Floating Rate Security Guiding Light Church 11,000 4.07% 3/1/25 Floating Rate Security Abbey National Treasury Service 25,003 4.19% 1/13/06 Floating Rate Security Abbey National Treasury Service 15,002 4.19% 1/13/06 Floating Rate Security Credit Suisse First Boston 5,000 3.80% 12/8/05 Floating Rate Security General Electric Capital Corp. 6,003 3.91% 2/3/06 Floating Rate Security General Electric Capital Corp. 5,003 3.95% 2/6/06 Floating Rate Security Merrill Lynch & Co., Inc. 29,009 3.94% 3/17/06 Floating Rate Security Merrill Lynch & Co., Inc. 8,360 3.79% 11/4/05 Floating Rate Security Proctor & Gamble Co. 25,000 3.79% 7/10/06 Floating Rate Security Wal-Mart Stores, Inc. 39,987 3.73% 3/16/06 Master Note Bear, Stearns & Co. 25,000 4.24% 11/1/05 Repurchase Agreement Barclays Capital Markets 96,284 4.02% 11/1/05 Repurchase Agreement UBS Investment Bank 100,000 4.02% 11/1/05
International Equity Foreign Currency Contracts as of October 31, 2005: CONTRACT AMOUNT UNREALIZED (LOCAL CONTRACT VALUE CONTRACT VALUE APPRECIATION/ DELIVERY DATE CURRENCY) U.S. DOLLAR U.S. DOLLAR (DEPRECIATION) - ------------- ----------------------------------------------------------------- AUSTRALIAN DOLLAR - ---------------------------- Long Contracts 11/17/05 4,383 3,351 3,274 (77) 11/17/05 4,412 3,315 3,296 (19) BRISTISH POUND STERLING - ---------------------------- Short Contracts 11/17/05 60 111 107 4 Long Contracts 11/17/05 4,806 8,664 8,505 (159) EURO - ---------------------------- Short Contracts 12/15/05 1,055 1,301 1,266 34 12/15/05 1,302 1,606 1,564 42 12/15/05 1,570 1,936 1,886 50 11/17/05 8,311 9,920 9,968 (48) 11/17/05 665 795 798 (3) Long Contracts 11/17/05 10,211 12,798 12,246 (552) 12/15/05 3,643 4,489 4,376 (113) 12/15/05 1,961 2,418 2,355 (63) 12/15/05 833 1,026 1,001 (25) 11/17/05 4,715 5,650 5,655 5 11/17/05 7,876 9,575 9,446 (129) 11/17/05 3,437 4,144 4,122 (22) HONG KONG DOLLAR - ---------------------------- Short Contracts 11/17/05 80,669 10,385 10,405 (21) Long Contracts 11/17/05 25,720 3,315 3,318 3 11/17/05 1,899 245 245 -^ JAPANESE YEN - ---------------------------- Short Contracts 11/17/05 612,841 5,621 5,276 345 11/17/05 514,966 4,738 4,433 305 12/15/05 1,547,623 14,103 13,368 735 12/15/05 1,066,989 9,718 9,216 502 12/15/05 861,123 7,850 7,438 412 12/15/05 465,462 4,241 4,021 220 11/17/05 368,895 3,280 3,176 104 11/17/05 110,236 978 949 29 11/17/05 436,267 3,837 3,756 81 1/20/06 694,454 6,066 6,025 41 Long Contracts 11/17/05 405,000 3,679 3,486 (193) 12/15/05 1,352,172 12,328 11,680 (648) 12/15/05 271,843 2,480 2,348 (132) 12/15/05 611,136 5,574 5,279 (295) 12/15/05 2,049,696 18,716 17,705 (1,011) 11/17/05 632,012 5,497 5,441 (56) SINGAPORE DOLLAR - ---------------------------- Short Contracts 11/17/05 5,951 3,592 3,517 75 Long Contracts 11/17/05 1,608 950 950 -^ - ------------- ^ Represents fewer than five hundered dollars. The investment concentrations for the Equity Funds as a percentage of net assets, by industry, as of October 31, 2005, were as follows:
Large Small Cap Mid Cap Quality Cap Equity Growth Growth Growth Core Index Fund Fund Fund Fund Fund ------------------------------------------- Advertising 1.2 - - - 0.2 Aerospace/Defense 1.0 1.0 2.6 3.1 1.9 Agriculture - - - 0.6 1.7 Airlines - - - - 0.1 Apparel - 4.0 1.6 - 0.4 Auto Manufacturers - - - - 0.4 Auto Parts & Equipment 2.0 - - 0.5 0.2 Banks 2.2 - 2.9 4.8 6.2 Beverages - - 0.9 2.2 2.2 Biotechnology 0.8 - 2.9 0.7 1.2 Building Materials - - - 0.6 0.2 Cash Equivalents 20.6 18.8 19.2 11.3 13.7 Chemicals - - - 0.7 1.4 Commercial Services 5.0 6.3 2.6 1.5 0.9 Computers 3.4 4.9 4.6 4.4 3.9 Cosmetics/Personal Care - - 2.1 1.9 2.3 Distribution/Wholesale 2.2 4.9 - -^ 0.1 Diversified Financial Service 1.4 2.0 5.2 8.0 8.0 Electric 0.9 - - 3.2 3.2 Electrical Components & Equipment 2.4 - 1.7 0.1 0.3 Electronics 3.3 5.2 1.6 0.8 0.5 Engineering & Construction 0.8 - - - -^ Entertainment 1.6 1.6 - - 0.1 Environmental Control - 1.1 - 0.4 0.2 Food 1.4 - 1.5 3.5 1.6 Forest Products & Paper - - - 0.7 0.5 Gas - - - - 0.2 Hand/Machine Tools - - - - 0.1 Healthcare-Products 11.5 9.1 5.7 4.1 3.5 Healthcare-Services 4.1 2.1 3.3 0.9 1.9 Home Builders 1.6 3.6 - - 0.3 Home Furnishings - 0.8 - - 0.1 Household Products/Wares 2.2 - - 0.1 0.2 Housewares - - - 0.3 0.1 Insurance 1.4 1.7 2.5 8.3 4.9 Internet 7.1 3.3 - 0.6 1.1 Investment Companies 3.1 5.3 1.4 2.4 2.7 Iron/Steel 1.0 - - 0.1 0.1 Leisure Time - - - 0.4 0.4 Lodging - 3.3 5.6 0.8 0.4 Machinery-Construction & Mining 1.4 2.2 - - 0.3 Machinery-Diversified - - 3.1 0.3 0.3 Media - - - 2.5 3.2 Mining - - - 0.8 0.5 Miscellaneous Manufacturing - 1.6 2.3 3.7 5.3 Office/Business Equipment - - - - 0.2 Oil & Gas 3.3 9.2 1.1 8.8 7.6 Oil & Gas Services 4.4 2.2 0.8 - 1.2 Packaging & Containers - - - - 0.1 Pharmaceuticals 4.1 4.8 6.7 6.0 5.7 Pipelines - - - - 0.3 REITS - - - - 0.7 Retail 7.3 6.7 12.4 6.2 5.9 Savings & Loans - - - - 0.6 Semiconductors 3.3 2.8 10.1 4.1 3.0 Software 7.1 4.2 7.6 4.6 3.9 Telecommunications 2.6 5.0 5.0 4.5 5.7 Textiles - - 1.9 - -^ Toys/Games/Hobbies 1.5 - - 0.3 0.1 Transportation 1.6 1.2 - 2.5 1.6 Trucking & Leasing - - - - -^
- --------------------------- ^ Amount less than 0.05%. The investment concentrations for the Equity Funds as a percentage of net assets, by industry, as of October 31, 2005, were as follows: Disciplined Micro Cap Small Cap Multi Cap Large Cap Value Value Value Value Fund Fund Fund Fund ------------------------------------------------ Advertising 0.5 - - - Aerospace/Defense - - 1.5 3.3 Airlines 0.4 - - - Apparel 6.2 2.6 0.4 - Auto Manufacturers - - 0.6 2.3 Auto Parts & Equipment - - 1.4 - Banks 1.1 4.1 5.6 11.7 Beverages - 1.5 0.5 2.4 Biotechnology - - 0.8 - Building Materials 2.5 - 0.7 0.9 Cash Equivalents 12.0 21.9 14.2 9.8 Chemicals 4.7 7.2 2.7 4.5 Commercial Services 5.7 5.2 1.0 1.3 Computers 5.4 0.5 3.3 3.6 Distribution/Wholesale 0.7 - - - Diversified Financial Services - 4.4 7.9 6.4 Electric - 6.4 3.1 4.2 Electrical Components & Equipment 1.4 - - - Electronics 4.1 1.7 2.5 2.0 Engineering & Construction 0.6 - - - Entertainment 0.6 - - - Environmental Control 1.0 - - - Food 3.0 5.4 6.9 7.6 Forest Products & Paper - - 0.4 - Gas 0.5 1.6 - - Hand/Machine Tools 0.4 - 1.4 - Healthcare-Products 2.7 1.4 0.3 - Healthcare-Services 1.3 3.9 3.0 1.6 Home Furnishings 3.1 - 1.2 - Household Products/Wares 2.3 2.1 0.9 - Housewares - - 0.2 - Insurance 4.3 8.1 7.8 8.5 Internet 3.6 - - - Investment Companies 4.1 5.4 0.9 3.3 Iron/Steel 3.4 - 0.5 - Leisure Time 0.6 - 0.4 1.6 Machinery-Construction & Mining - - - 1.3 Machinery-Diversified 0.6 1.9 1.8 1.0 Media - - 1.4 2.0 Metal Fabricate/Hardware 0.9 - - - Mining 1.3 2.5 0.7 0.6 Miscellaneous Manufacturing 2.0 0.5 4.2 2.5 Oil & Gas - 0.8 9.2 14.1 Oil & Gas Services 2.7 5.9 2.6 - Pharmaceuticals 2.7 - 4.1 6.1 REITS 3.2 0.5 - - Retail 7.1 11.4 6.5 2.4 Savings & Loans 1.0 1.1 0.5 - Semiconductors 1.6 3.2 2.0 - Software 1.2 0.9 - - Telecommunications 4.8 3.0 6.7 4.9 Textiles 0.3 - - - Toys/Games/Hobbies - - 0.6 - Transportation 6.5 6.7 3.3 - - --------------------------- ^ Amount less than 0.05%. The investment concentrations for the Equity Funds as a percentage of net assets, by industry, as of October 31, 2005, were as follows: LifeModel LifeModel LifeModel Moderately LifeModel Moderately Aggressive Aggressive Moderate Conservative FundSM FundSM FundSM FundSM ------------------------------------------------ Investment Companies 100.1 100.0 100.0 100.1 The investment concentrations for the Equity Funds as a percentage of net assets, by industry, as of October 31, 2005, were as follows: Inter- LifeModel national Conservative Dividend Technology Equity FundSM Growth Fund Fund Fund -------------------------------------------------- Advertising - - 6.2 0.1 Aerospace/Defense - 5.7 - 0.4 Agriculture - 2.0 - 0.8 Airlines - - - 0.1 Apparel - 1.2 - 0.1 Auto Manufacturers - - - 3.4 Auto Parts & Equipment - 2.5 - 0.6 Banks - 16.7 - 17.0 Beverages - 7.3 - 1.0 Biotechnology - - 10.7 -^ Building Materials - - - 1.4 Cash Equivalents - 2.5 26.4 8.7 Chemicals - 5.4 - 2.1 Closed-end Funds - - - 0.1 Commercial Services - 1.1 4.2 1.1 Computers - - 4.6 0.4 Cosmetics/Personal Care - 4.7 - 0.6 Distribution/Wholesale - - - 1.1 Diversified Financial Services - 1.5 - 2.1 Electric - - - 2.6 Electrical Components & Equipment - 3.0 - 1.0 Electronics - - 0.2 1.6 Engineering & Construction - - - 1.3 Entertainment - - - 0.3 Environmental Control - - - -^ Food - 5.0 - 3.7 Food Service - - - 0.1 Forest Products & Paper - - - 0.4 Gas - - - 0.6 Hand/Machine Tools - - - 0.5 Healthcare-Products - 11.3 5.9 0.4 Healthcare-Services - - - -^ Holding Companies-Diversified - - - 0.8 Home Builders - - - 0.4 Home Furnishings - - - 0.8 Household Products/Wares - - - 0.3 Housewares - - - -^ Insurance - 3.1 - 4.2 Internet - - 5.3 0.3 Investment Companies 100.2 0.1 1.0 3.8 Iron/Steel - - - 0.8 Leisure Time - - - 0.1 Lodging - - - 0.3 Machinery-Construction & Mining - - - 0.3 Machinery-Diversified - 1.3 3.9 0.4 Media - 0.8 - 1.0 Metal Fabricate/Hardware - - - 0.2 Mining - - - 2.5 Miscellaneous Manufacturing - 4.5 - 1.5 Office Furnishings - - - -^ Office/Business Equipment - - - 0.6 Oil & Gas - 6.7 - 9.3 Packaging & Containers - - - 0.1 Pharmaceuticals - 5.0 14.0 7.0 Real Estate - - - 2.3 REITS - - - 0.2 Retail - 6.0 2.3 2.0 Semiconductors - - 6.1 0.3 Shipbuilding - - - -^ Software - 2.6 21.2 0.6 Sovereign - - - 0.5 Storage/Warehousing - - - -^ Telecommunications - - 14.9 7.5 Textiles - - - 0.2 Toys/Games/Hobbies - - - 0.1 Transportation - 2.4 - 1.7 Water - - - 0.2 - -------------------------- ^ Amount less than 0.05%. The investment concentrations for the Balanced Fund and Strategic Income Fund as a percentage of net assets, by industry, as of October 31, 2005, were as follows: Strategic Income Balanced Fund Fund - -------------------------------------------------------------------------------- Advertising 1.5 - Aerospace/Defense 1.5 - Agriculture - 0.7 Auto Manufacturers 0.1 - Automobile ABS 4.5 - Banks 7.6 16.7 Beverages 4.2 0.1 Cash Equivalents 7.5 5.0 Chemicals 2.9 - Closed-end Funds - 9.0 Commercial MBS 5.9 - Computers 0.2 - Cosmetics/Personal Care 1.8 0.4 Credit Card ABS - 0.3 Diversified Financial Services 3.2 23.0 Electric 0.9 5.6 Electrical Components & Equipment 2.0 - Engineering & Construction 0.7 - FGLMC Collateral 1.0 - FNMA Collateral 1.3 - Food - 1.2 Forest Products & Paper - 1.0 Healthcare-Products 3.7 - Holding Companies-Diversified - 0.6 Insurance 6.3 6.1 Internet 2.8 - Investment Companies 5.4 1.8 Media 0.1 1.1 Miscellaneous Manufacturing 5.6 0.2 Oil & Gas 3.6 1.0 Oil & Gas Services 3.0 - Other ABS 0.8 - Pharmaceuticals 4.7 0.3 Pipelines 0.2 0.6 Regional(state/provnc) - 0.6 REITS - 15.6 Retail 3.8 0.6 Savings & Loans - 0.5 Semiconductors 1.9 - Software 2.2 - Sovereign 13.7 6.3 Telecommunications 1.6 1.5 Transportation - 0.3 WL Collateral CMO 7.2 4.0 The investment concentrations for the Bond Funds as a percentage of net assets, by industry, as of October 31, 2005, were as follows: U.S. Intermediate Short Term Government Bond Bond Bond Bond Fund Fund Fund Fund - -------------------------------------------------------------------------------- Agency Collateral CMO 0.6 2.6 1.0 4.3 Agency Collateral PAC CMO - - 3.4 - Agency Collateral Supp CMO - - - 3.2 Auto Manufacturers 0.2 0.9 0.5 - Automobile ABS 6.6 3.8 7.7 - Banks 10.3 7.2 5.5 - Beverages - 0.2 - - Cash Equivalents 4.4 2.3 7.5 - Chemicals - 1.1 - - Commercial MBS 10.7 15.2 7.4 - Commercial Services 0.7 0.2 - - Computers - 0.3 0.9 - Construction Machinery - - 0.6 - Credit Card ABS - 1.7 0.2 - Development - - 0.3 - Diversified Financial Services 4.2 8.4 6.8 - Electric 1.0 2.6 0.7 - FGLMC Collateral 1.1 - - - FNMA Collateral 3.9 - - - Food 0.7 - 1.2 - Forest Products & paper - 0.3 - - Gas - 0.9 1.2 - Healthcare-Services - - 1.1 - Holding Companies-Diversified - - 1.2 - Home Equity ABS - 1.4 1.2 - Household Products/Wares - 0.2 - - Insurance -^ 1.8 0.5 - Investment Companies 3.2 0.4 2.9 6.1 Media 1.4 0.7 2.1 - Mining - 0.2 0.4 - Oil & Gas 0.9 1.5 0.2 - Other ABS 4.6 2.9 1.7 6.1 Pipelines 0.3 0.6 0.5 - REITS 0.5 0.5 1.3 - Retail 0.5 - - - Savings & Loans 1.3 1.0 - - Sovereign 45.5 19.5 29.3 86.2 Telecommunications 1.1 0.6 1.7 - Transportation -^ 0.2 - - WL Collateral CMO 20.5 21.1 16.6 - WL Collateral PAC - 1.3 1.2 - - --------------------------- ^ Amount is less than 0.05% The investment concentrations for the Municipal Bond Funds as a percentage of net assets, by industry, as of October 31, 2005, were as follows: Intermediate Michigan Municipal Municipal Ohio Municipal Bond Bond Municipal Bond Fund Fund Bond Fund Fund - -------------------------------------------------------------------------------- Airport 6.6 6.7 - 4.2 Cash Equivalents 0.7 0.1 0.6 0.4 Development 4.3 7.6 2.8 2.6 Education 4.6 1.3 2.2 - Facilities 2.1 4.6 6.1 10.1 General 6.4 5.6 5.9 5.7 General Obligation 8.0 10.8 13.6 9.2 Higher Education 13.5 2.9 11.3 7.7 Housing 6.2 4.3 3.2 2.2 Medical 11.4 10.2 18.0 17.1 Multifamily Housing - 0.2 - 0.5 Pollution - 0.5 8.1 2.9 Power - 7.2 8.4 1.8 School District 19.0 12.5 12.1 16.1 Single Family Housing 2.5 3.4 1.1 2.8 Student Loan 2.1 6.2 - 6.5 Transportation 6.3 6.8 4.5 7.2 Utilities 0.6 5.1 0.8 - Water 4.4 1.8 - 2.7
FIFTH THIRD PRIME MONEY MARKET FUND Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares) SHARES OR PRINCIPAL AMOUNT VALUE CERTIFICATES OF DEPOSIT (5.8%) Bank of Montreal, 3.84%, 11/21/05 $ 25,000 $25,000 Bank of Montreal, 3.80%, 1/6/06 * 15,000 14,999 Bank of Nova Scotia, 4.02%, 9/29/06 10,000 9,998 * Credit Suisse First Boston, 3.94%, 6,500 6,500 3/21/06 * Deutsche Bank, 4.00%, 1/6/06 10,000 10,000 Royal Bank of Scotland PLC, 3.80%, 15,000 14,994 7/5/06 * ------ TOTAL CERTIFICATES OF DEPOSIT 81,491 ------ COMMERCIAL PAPER (22.3%) Abbey National LLC, 3.80%, 11/3/05 15,000 14,998 ** Abbey National LLC, 3.77%, 11/22/05 10,000 9,978 ** ABN AMRO North American Financial, 12,000 11,983 3.92%, 11/14/05 ** American Express Credit Corp., 4.01%, 15,000 14,920 12/19/05 ** Bank of America Corp., 3.98%, 10,000 9,947 12/19/05 ** Barclays Bank PLC, 3.72%, 11/10/05 10,000 9,991 ** Barclays Bank PLC, 3.78%, 11/22/05 8,300 8,282 ** Barclays Bank PLC, 3.98%, 12/20/05 15,000 14,919 ** BNP Paribas, 3.40%, 11/2/05 ** 5,975 5,974 Credit Suisse First Boston, 3.97%, 15,000 14,933 12/12/05 ** DEPFA Bank PLC, 3.93%, 12/14/05 ** 10,000 9,953 (c) DEPFA Bank PLC, 4.16%, 1/20/06 ** 11,900 11,791 (c) DEPFA Bank PLC, 4.01%, 3/6/06 ** 8,997 8,874 (c) Dexia Delaware LLC, 3.99%, 12/14/05 10,000 9,953 ** General Electric Capital Corp., 3.81%, 10,475 10,460 11/15/05 ** General Electric Capital Corp., 3.99%, 9,025 8,988 12/8/05 ** Goldman Sachs Group, Inc., 4.01%, 10,000 9,983 11/16/05 ** Morgan Stanley, 3.86%, 11/8/05 ** 15,000 14,989 Northern Trust Corp., 3.69%, 11/7/05 10,000 9,994 ** Northern Trust Corp., 3.77%, 11/22/05 5,000 4,989 ** Northern Trust Corp., 3.92%, 12/6/05 10,000 9,962 ** Rabobank Financial Corp., 3.81%, 20,000 19,988 11/7/05 ** San Jose International Airport, 3.86%, 7,841 7,833 11/10/05 ** Societe Generale, 3.88%, 12/12/05 ** 7,000 6,969 Societe Generale, 4.18%, 2/6/06 ** 5,500 5,439 Toyota Motor Credit Corp., 3.88%, 10,000 9,976 11/23/05 ** UBS Investment Bank, 3.75%, 11/23/05 10,000 9,977 ** UBS Investment Bank, 3.99%, 12/22/05 18,750 18,646 ** UBS Investment Bank, 4.15%, 1/19/06 7,750 7,680 ** ----- TOTAL COMMERCIAL PAPER 312,369 ------- CORPORATE BONDS (26.9%) American Express Credit Corp., 6.88%, 5,000 5,000 11/1/05 American Express Credit Corp., 5.50%, 8,823 8,900 9/12/06 American International Group, 2.85%, 9,070 9,064 12/1/05 Bank of America Corp., 6.95%, 5,000 5,059 3/20/06 Bank One Corp., 6.50%, 2/1/06 10,000 10,070 Barclays Bank PLC, 3.88%, 6/13/06 * 10,000 9,999 Bayerische Landesbank, 2.50%, 5,375 5,325 4/28/06 Bear Stearns & Co., Inc., 3.98%, 10,000 10,001 12/22/05 * Bear Stearns & Co., Inc., 3.00%, 16,350 16,285 3/30/06 Bear Stearns & Co., Inc., 3.93%, 20,000 20,000 10/5/06 * BP Capital PLC, 2.35%, 6/15/06 5,000 4,947 Citigroup, Inc., 6.75%, 12/1/05 12,175 12,207 Citigroup, Inc., 5.75%, 5/10/06 14,250 14,383 Credit Suisse First Boston, 5.88%, 14,145 14,313 8/1/06 General Electric Capital Corp., 6.80%, 10,350 10,350 11/1/05 General Electric Capital Corp., 3.91%, 20,000 20,014 2/3/06 * General Electric Capital Franchise 7,500 7,529 Financial, 7.88%, 11/30/05 Goldman Sachs Group, Inc., 3.98%, 10,000 10,007 2/21/06 * Goldman Sachs Group, Inc., 4.35%, 14,000 14,014 4/20/06 * Goldman Sachs Group, Inc., 3.90%, 10,000 10,005 8/1/06 * Household Finance Corp., 6.50%, 15,700 15,803 1/24/06 Household Finance Corp., 3.38%, 6,035 6,027 2/21/06 Lehman Brothers Holdings, 6.25%, 17,137 17,324 5/15/06 Merrill Lynch & Co., 2.94%, 1/30/06 10,000 9,974 Merrill Lynch & Co., 6.13%, 5/16/06 6,690 6,758 Merrill Lynch & Co., 4.09%, 9/18/06 7,400 7,416 * Merrill Lynch & Co., 4.14%, 11/9/06 15,000 15,000 * Morgan Stanley, 3.89%, 11/3/06 * 15,000 15,000 National City Bank, 4.05%, 7/26/06 * 9,250 9,253 National City Bank, 3.94%, 8/14/06 * 15,000 15,006 SunTrust Banks, Inc., 2.50%, 5/4/06 4,675 4,639 US Bank NA, 4.01%, 9/29/06 * 3,250 3,249 Wells Fargo & Co., 3.86%, 3/3/06 * 7,100 7,104 Wells Fargo & Co., 3.96%, 11/15/06 * 25,000 25,000 ------ TOTAL CORPORATE BONDS 375,025 ------- DEMAND NOTES (15.9%) Arbor Hospice, Inc., 4.08%, 10/1/26 * 4,900 4,900 (c) Atlas Industries, Inc., 4.08%, 6/1/10, 4,535 4,535 (LOC: National City Bank) * Beavercreek Enterprises, 4.08%, 3/2/20, 4,235 4,235 (LOC: National City Bank) * Buckeye Corrugated, Inc., 4.10%, 6,075 6,075 10/1/17, (LOC: Key Bank) * (c) Capital One Funding Corp., 4.05%, 2,251 2,251 10/1/14, (LOC: Bank One) * Capital One Funding Corp., 4.05%, 913 913 7/2/18, (LOC: Bank One) * (c) Capital One Funding Corp., 4.05%, 1,100 1,100 10/1/21, (LOC: Bank One) * (c) Capital One Funding Corp., 4.05%, 6,882 6,882 1/4/27, (LOC: Bank One) * Central Michigan Inns, 4.09%, 4/1/30, 2,010 2,010 (LOC: Michigan National Bank) * CHF-ELON LLC, 4.03%, 6/1/35 * 6,500 6,500 Cornerstone Funding Corp., 4.10%, 8,360 8,360 12/1/11, (LOC: SunTrust) * Cornerstone Funding Corp., 4.10%, 5,750 5,750 9/1/25, (LOC: SunTrust) * GTB Properties LLC, 4.26%, 7/1/23, 4,265 4,265 (LOC: National Australia Bank) * Harry W. Albright, Jr., 4.17%, 5/1/21, 5,485 5,485 (LOC: National Australia Bank) * Heart Center Medical Group, 4.08%, 10,230 10,230 10/1/30, (LOC: National City Bank) * HWP Co., Ltd. Project, 4.08%, 4,505 4,505 12/3/18, (LOC: National City Bank) * (c) Iowa 80 Group Inc., 3.97%, 6/1/16, 4,400 4,400 (LOC: Wells Fargo) * Jackson 2000, 4.10%, 6/1/49, (LOC: 9,180 9,180 KeyBank) * Jefferson Land Development, 4.13%, 1,045 1,045 10/1/16, (LOC: National City Bank) * (c) Landmark Medical LLC, 4.09%, 1/1/21, 8,280 8,280 (LOC: Bank One) * Lexington Financial Services, 4.11%, 9,100 9,100 2/1/26, (LOC: LaSalle Bank) * Mount Carmel East Professional, 4.08%, 1,660 1,660 1/1/14, (LOC: National City) * (c) Mr. K Enterprises, 4.26%, 9/1/16, 6,150 6,150 (LOC: National Australia Bank) * New Belgium Brewery Co., 4.13%, 3,605 3,605 7/1/15, (LOC: KeyBank) * Northside Christian Church, 4.09%, 6,830 6,830 4/1/30, (LOC: Bank One) * Park State Properties LLC, 4.02%, 5,500 5,500 11/1/34, (LOC: US Bank) * PCI Paper Conversions, Inc., 4.10%, 2,185 2,185 4/1/10, (LOC: KeyBank) * Pittsburgh Technical Institute, 4.08%, 10,690 10,690 10/1/15, (LOC: National City Bank) * PRD Finance LLC, 4.03%, 4/1/27, 7,750 7,750 (LOC: National City Bank) * Precision Tool and Die, 4.08%, 3/1/10, 3,983 3,983 (LOC: National City Bank) * Revenue Bond CTF Series Trust, 3,875 3,875 4.57%, 6/1/24, (LOC: AIG) * Revenue Bond CTF Series Trust 2,540 2,540 Castlegate 3, 4.57%, 6/1/17, (LOC: AIG) * (c) Royal Town Center LLC Project, 5,095 5,095 4.10%, 10/1/47, (LOC: Comerica Bank) * (c) Saint Andrew United, 4.00%, 7/1/29, 14,535 14,535 (LOC: Wachovia Bank) * SDK Cameron LLC, 4.08%, 10/1/35 * 3,275 3,275 (c) Second & Main, Ltd., 4.08%, 8/1/11, 3,450 3,450 (LOC: National City Bank) * Secor Realty, Inc., 4.08%, 4/1/20, 8,825 8,825 (LOC: National City Bank) * SGS Tool Co., 4.08%, 12/1/12, (LOC: 5,900 5,900 Bank One) * Sharonville Realty Enterprises, 4.09%, 8,120 8,120 4/1/20, (LOC: Bank One) * (c) Southeastern College, 4.13%, 1/2/30, 6,900 6,900 (LOC: Regions Financial Corp.) * Zeigler Realty LLC, 4.17%, 9/1/26, 1,920 1,920 (LOC: National City Bank) * ----- TOTAL DEMAND NOTES 222,789 ------- MUNICIPAL BONDS (17.0%) ALASKA (0.3%) Four Dam Pool Electric Revenue, 3,770 3,770 3.98%, 7/1/26 * ----- ARIZONA (0.8%) Tempe Industrial Development 11,690 11,690 Authority Revenue, 4.00%, 7/1/34 * ------ CALIFORNIA (2.9%) Riverside County, 4.00%, 11/1/20 * 7,200 7,200 Sacramento County, 4.00%, 7/1/22 * 32,430 32,430 ------ 39,630 ------ COLORADO (0.1%) Pueblo Housing Authority Purchasing 1,900 1,900 Revenue, 4.13%, 12/1/18 * (c) ----- GEORGIA (0.7%) Columbus Development Authority, 10,125 10,125 ------ Industrial Revenue, Litho-Krome Project, 4.10%, 8/1/22 * ILLINOIS (1.0%) Chicago, Series B, 4.06%, 1/1/19 * 13,630 13,630 ------ INDIANA (0.5%) Ball State University, 4.06%, 9/1/31 * 7,000 7,000 ----- IOWA (0.5%) Dallas County Industrial Development 6,980 6,980 Revenue, Sioux City Brick & Tile, ----- 4.09%, 9/1/21 * KANSAS (0.4%) Park City Industrial Revenue, Hayes 5,570 5,570 Co., Inc., 4.06%, 9/15/16 * ----- KENTUCKY (1.1%) Bardstown Industrial Revenue, 4.17%, 7,950 7,950 6/1/24 * Webster County Industrial Revenue, 8,000 8,000 Green River Project, 4.03%, 11/1/24 * ----- 15,950 MICHIGAN (1.8%) ------ Commerce Charter Township, 20,000 20,000 Downtown Development, 4.11%, 10/1/34 * Hospital Association Financial Corp., 4,455 4,455 4.17%, 11/1/30 * ----- 24,455 ------ MINNESOTA (1.1%) Minneapolis Taxable Pension, 3.98%, 15,295 15,295 12/1/13 * ------ MISSISSIPPI (0.2%) Business Finance Corp., Industrial 2,900 2,900 Development Revenue, Koch Freezers ----- LLC, 4.09%, 3/1/17 * NEW YORK (1.3%) Anti-Defamation League Foundation, 9,900 9,900 4.05%, 1/1/34 * (c) Housing Development Corp., Multi 7,700 7,700 Family Rental Housing Revenue, 3.95%, ----- 6/1/33 * 17,600 ------ NORTH CAROLINA (1.6%) Capital Facilities Financial Agency 5,300 5,300 Revenue, Wolfpack Powers, 4.00%, 9/1/18 * Roman Catholic Diocese, Series A, 17,050 17,050 4.12%, 6/1/18 * ------ 22,350 ------ NORTH DAKOTA (0.5%) Ward County Health Care Facilities 7,400 7,400 Revenue, 4.06%, 7/1/31 * ----- OHIO (0.3%) Cleveland-Cuyahoga County, Port 4,500 4,500 Authority Revenue, CBT Project, 4.10%, ----- 6/1/31 * PENNSYLVANIA (0.2%) Allegheny County, Industrial 2,700 2,700 ----- Development Authority Revenue, 4.08%, 5/1/15 * TENNESSEE (0.6%) Jackson Energy Authority, 4.00%, 8,450 8,450 ----- 10/1/25 * UTAH (0.1%) Housing Corp., Multi Family Revenue, 2,061 2,061 ----- 4.57%, 1/1/22 * VIRGINIA (0.4%) Norfolk Redevelopment and Housing 5,650 5,650 ----- Authority Revenue, 4.00%, 8/1/13 * WASHINGTON (0.6%) Housing Finance Community, 3,935 3,935 Multifamily Revenue, Monticello Park Project, 4.07%, 8/1/26 * State Housing Finance Community, 1,610 1,610 Multi Family Revenue, Eaglepointe Apartments-B, 4.57%, 7/1/28 * State Housing Finance Community, 2,175 2,175 ----- Multi Family Revenue, Winterhill Apartments- B, 4.57%, 7/1/28 * 7,720 ----- TOTAL MUNICIPAL BONDS 237,326 ------- REPURCHASE AGREEMENTS (12.3%) State Street, 3.91%, 11/1/05 1,500 1,500 (Proceeds at maturity, $1,500, Collateralized by a U.S. Treasury Bond, 11.25%, 2/15/15, value $1,535) UBS Investment Bank, 4.00%, 170,000 170,000 11/1/05 ------- (Proceeds at maturity, $170,019, Collateralized by various U.S. Government Agency securities, 2.20%-6.00%, 12/15/05-5/18/20, value $173,405) TOTAL REPURCHASE AGREEMENTS 171,500 ------- MONEY MARKETS (0.3%) AIM Funds Liquid Assets Portfolio 1,377,385 1,377 Goldman Sachs Financial Square Prime 2,903,891 2,904 Obligations Fund ----- TOTAL MONEY MARKETS 4,281 TOTAL (COST $1,404,781) (a) - 100.5% $1,404,781 ==========
- ------------ Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS.
FIFTH THIRD INSTITUTIONAL MONEY MARKET FUND Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares) SHARES OR PRINCIPAL AMOUNT VALUE CERTIFICATES OF DEPOSIT (4.7%) Bank of Montreal, 3.80%, 1/6/06 * $ 12,000 $ 11,999 Bank of Nova Scotia, 4.02%, 9/29/06 20,000 19,996 * Credit Suisse First Boston, Inc., 3.74%, 13,000 13,000 11/1/05 Deutsche Bank, 4.00%, 1/6/06 10,000 10,000 ------ TOTAL CERTIFICATES OF DEPOSIT 54,995 ------ COMMERCIAL PAPER (30.8%) Abbey National LLC, 3.80%, 11/3/05 20,000 19,997 ** Abbey National LLC, 3.77%, 11/22/05 15,000 14,967 ** ABN AMRO North American Financial, 12,000 11,983 3.92%, 11/14/05 ** American Express Credit Corp., 4.01%, 10,000 9,947 12/19/05 ** Bank of America Corp., 3.98%, 10,000 9,947 12/19/05 ** Bank of Montreal, 3.97%, 12/21/05 ** 15,000 14,918 Barclays Bank PLC, 3.72%, 11/10/05 15,000 14,986 ** Barclays Bank PLC, 3.98%, 12/20/05 15,000 14,919 ** Bear Stearns & Co., Inc., 3.82%, 15,000 14,998 11/2/05 ** Credit Suisse First Boston, 3.97%, 5,000 4,978 12/12/05 ** DEPFA Bank PLC, 4.01%, 3/6/06 ** 7,000 6,904 (c) Dexia Delaware LLC, 3.99%, 12/14/05 5,000 4,976 ** Dexia Delaware LLC, 3.94%, 12/22/05 9,200 9,149 ** General Electric Capital Corp., 3.84%, 16,950 16,883 12/8/05 ** General Electric Capital Corp., 3.99%, 9,000 8,962 12/9/05 ** Goldman Sachs Group, Inc., 4.01%, 20,000 19,968 11/16/05 ** Morgan Stanley, 3.86%, 11/8/05 ** 15,000 14,989 Northern Trust Corp., 3.69%, 11/7/05 13,000 12,992 ** Northern Trust Corp., 3.77%, 11/22/05 15,000 14,967 ** Northern Trust Corp., 3.92%, 12/6/05 10,000 9,962 ** Purdue University, 3.92%, 12/5/05 10,250 10,250 Societe Generale, 3.81%, 11/1/05 ** 8,000 8,000 Societe Generale, 3.98%, 12/2/05 ** 7,300 7,275 Societe Generale, 3.88%, 12/12/05 ** 4,200 4,182 Toyota Motor Credit Corp., 3.88%, 15,000 14,965 11/23/05 ** UBS Investment Bank, 3.75%, 11/23/05 10,000 9,977 ** UBS Investment Bank, 4.08%, 12/19/05 21,297 21,187 ** UBS Investment Bank, 3.86%, 12/22/05 9,600 9,548 ** UBS Investment Bank, 4.15%, 1/19/06 5,000 4,955 ** University of Michigan, 3.83%, 5,660 5,660 12/2/05 University of Texas, 4.00%, 12/15/05 9,932 9,932 ----- TOTAL COMMERCIAL PAPER 357,323 ------- CORPORATE BONDS (25.2%) American Express Credit Corp., 5.50%, 7,000 7,061 9/12/06 American International Group, 2.85%, 11,405 11,396 12/1/05 Bank of America Corp., 7.13%, 8,503 8,688 9/15/06 Bank One Corp., 6.50%, 2/1/06 18,250 18,383 Barclays Bank PLC, 3.88%, 6/13/06 * 15,000 14,998 Bear Stearns & Co., Inc., 3.98%, 5,000 5,001 12/22/05 * Bear Stearns & Co., Inc., 3.00%, 10,000 9,962 3/30/06 Bear Stearns & Co., Inc., 3.93%, 15,000 15,000 10/5/06 * BP Capital PLC, 2.35%, 6/15/06 5,000 4,947 Citigroup, Inc., 6.75%, 12/1/05 29,300 29,380 Citigroup, Inc., 5.75%, 5/10/06 7,500 7,571 Credit Suisse First Boston, 5.88%, 7,000 7,082 8/1/06 General Electric Capital Corp., 3.91%, 15,000 15,009 2/3/06 * General Electric Capital Corp., 5.35%, 3,937 3,954 3/30/06 General Electric Capital Franchise 2,750 2,761 Financial, 7.88%, 11/30/05 Goldman Sachs Group, Inc., 3.98%, 5,000 5,004 2/21/06 * Goldman Sachs Group, Inc., 4.35%, 16,635 16,650 4/20/06 * Goldman Sachs Group, Inc., 3.90%, 10,000 10,005 8/1/06 * Household Finance Corp., 6.50%, 2,765 2,783 1/24/06 Household Finance Corp., 3.38%, 5,000 4,994 2/21/06 Lehman Brothers Holdings, 6.25%, 11,900 12,021 5/15/06 Lehman Brothers Holdings, 7.50%, 3,615 3,702 9/1/06 Merrill Lynch & Co., 3.59%, 1/13/06 6,000 6,006 * Merrill Lynch & Co., 2.94%, 1/30/06 5,900 5,885 Merrill Lynch & Co., 6.13%, 5/16/06 5,000 5,055 Merrill Lynch & Co., 4.22%, 5/22/06 10,950 10,978 * Merrill Lynch & Co., 4.09%, 9/18/06 7,400 7,416 * National City Bank, 4.02%, 12/29/05 12,000 11,999 * National City Bank, 2.50%, 4/17/06 10,000 9,946 U.S. Bancorp, 2.75%, 3/30/06 3,870 3,855 US Bank NA, 3.76%, 12/5/05 * 3,300 3,300 Wells Fargo & Co., 6.20%, 12/1/05 1,600 1,604 Wells Fargo & Co., 3.96%, 11/15/06 10,000 10,000 * ------ TOTAL CORPORATE BONDS 292,396 ------- DEMAND NOTES (6.0%) Capital One Funding, 4.05%, 8/2/21, 4,557 4,557 (LOC: Bank One) * Capital One Funding, 4.05%, 4/1/26, 7,871 7,871 (LOC: Bank One) * CHF-ELON LLC, 4.03%, 6/1/35 * 7,000 7,000 Cornerstone Funding Corp., 4.10%, 4,519 4,519 11/15/06, (LOC: SunTrust) * Cornerstone Funding Corp., 4.10%, 6,700 6,700 4/1/21 * Cornerstone Funding Corp., 4.10%, 4,196 4,196 1/1/34, (LOC: SunTrust) * Flatrock River Lodge LP, 4.12%, 1,520 1,520 7/1/16, (LOC: FHLB) * Gulf Gate Apartments, 4.03%, 9/1/28, 2,000 2,000 (LOC: Wells Fargo) * (c) Lodge of the Wabash, 4.12%, 7/1/16, 1,730 1,730 (LOC: FHLB) * Metaltec Steel Abrasive, 4.14%, 4,760 4,760 11/1/34, (LOC: Comerica Bank) * Northport Baptist Church, 4.12%, 3,100 3,100 9/1/24, (LOC: Regions Financial Corp.) * Park State Properties LLC, 4.02%, 5,500 5,500 11/1/34, (LOC: US Bank) * Praise Tabernacle Outreach, 4.12%, 3,790 3,790 6/1/24, (LOC: Comerica Bank) * Presentation School, Inc., 4.00%, 7/1/30 5,700 5,700 * Vancouver Clinic Building, 4.07%, 4,550 4,550 2/1/24, (LOC: US Bank) * White River Lodge LP, 4.12%, 7/1/16, 1,625 1,625 (LOC: FHLB) * ----- TOTAL DEMAND NOTES 69,118 ------ MUNICIPAL BONDS (21.1%) ARKANSAS (1.5%) Northwest Regional Airport Authority, 15,725 15,725 Airport Revenue, Series A, 4.07%, 2/1/21 * Northwest Regional Airport Authority, 1,850 1,850 ----- Airport Revenue, Series B, 4.07%, 2/1/08 * 17,575 ------ CALIFORNIA (3.3%) Kern Water Authority Revenue, Series 4,800 4,800 B, 4.03%, 7/1/28 * Sacramento County, 4.00%, 7/1/22 * 5,000 5,000 Sacramento County Housing Authority, 2,250 2,250 Multifamily Revenue, Natomas Park Apartments, Series B, 4.08%, 7/15/35 * Saint Michael's Episcopal Day School, 2,290 2,290 4.10%, 7/1/28 * San Jose Financing Authority Lease 8,000 8,000 Revenue, Hayes Mansion, Phase B, 4.00%, 7/1/24 * Statewide Community Development 5,010 5,010 Authority, Multifamily Revenue, Dublin, 4.10%, 12/15/37 * Statewide Community Development 5,550 5,550 Authority, Multifamily Revenue, Fairway Properties, 4.10%, 12/15/37 * Statewide Community Development 3,045 3,045 Authority, Multifamily Revenue, Palms Apartments, 4.06%, 5/15/35 * Statewide Community Development 1,500 1,500 Authority, Multifamily Revenue, Series ----- X-T, 4.08%, 10/15/32 * 37,445 ------ COLORADO (0.1%) Denver City & County Airport Revenue, 1,600 1,600 Series D, 4.00%, 11/15/05 * ----- GEORGIA (1.8%) Athens-Clarke County Industrial 3,550 3,550 Development Authority Revenue, Leucadia Inc., Project, 4.07%, 7/1/07 * (c) Atlanta Urban Residential Finance 700 700 Authority, 4.14%, 1/1/23 * Augusta Housing Authority Multifamily 500 500 Revenue, 4.13%, 5/15/33 * Gwinnett County Development 6,300 6,300 Authority, Hopewell Christian Academy, 4.00%, 12/1/21 * Municipal Gas Authority Revenue, 10,175 10,175 4.10%, 2/1/15 * ------ 21,225 ------ ILLINOIS (1.3%) Evanston, Maple Street Parking Facility, 2,000 2,000 3.99%, 12/1/21 * Financial Authority Revenue, Fairview 1,150 1,150 Obligation, Series D, 4.00%, 8/15/34 * Financial Authority Revenue, Fariview 12,350 12,350 Obligation, Series C, 4.00%, 8/15/34 * ------ 15,500 ------ INDIANA (2.7%) Health Facilities Financing Authority 4,995 4,995 Revenue, 4.05%, 4/1/24 * Health Facilities Financing Authority, 23,875 23,875 Hospital Revenue, Community Foundation of Northwest Indiana, Series B, 4.00%, 8/1/25 * Indianapolis Economic Development 991 991 Multifamily Housing Revenue, Series B, --- 4.10%, 11/1/36 * 29,861 ------ IOWA (0.5%) Finance Authority Retirement 5,315 5,315 Community Revenue, 4.00%, 12/1/20 * ----- KENTUCKY (0.5%) Boone County Industrial Revenue,, 5,395 5,395 ----- 4.17%, 6/1/23 * MICHIGAN (4.1%) Canton Charter Township, General 1,500 1,500 Obligation, 4.16%, 3/1/11 * Commerce Charter Township, 13,000 13,000 Downtown Development, 4.08%, 10/1/18 * Commerce Charter Township, 15,000 15,000 Downtown Development, 4.11%, 10/1/34 * Kent County, 4.07%, 3/1/08 * 12,000 12,000 Ypsilanti Charter Township, Taxable 4,745 4,745 Capital Improvements, Series B, 4.16%, ----- 4/1/19 * 46,245 ------ MINNESOTA (0.4%) Plymouth Revenue, Carlson Center 1,200 1,200 Project, 4.07%, 4/1/12 * St. Paul Port Authority District, 4.16%, 3,655 3,655 3/1/22 * ----- 4,855 ----- MISSOURI (0.8%) Kansas City Industrial Development 8,930 8,930 ----- Authority, Taxable Downtown Arena, 4.09%, 4/1/40 * NEBRASKA (1.0%) Omaha Special Obligation, Riverfront 11,765 11,765 Redevelopment, 4.16%, 2/1/26 * ------ NEW MEXICO (0.2%) Albuquerque Industrial Revenue, 1,900 1,900 KTECH Corp. Project, 4.03%, 11/1/22 ----- * NEW YORK (0.3%) Housing Finance Agency, Service 3,900 3,900 Contract Revenue, Series F, 3.95%, ----- 9/15/07 * NORTH CAROLINA (0.8%) Roman Catholic Diocese, Series A, 9,115 9,115 4.12%, 6/1/18 * ----- OHIO (0.7%) Cuyahoga County Ohio Health Care 3,675 3,675 Revenue, 4.12%, 5/15/12 * Richland County, Healthcare Facilities 5,000 5,000 Revenue, Wesleyan, Series B, 4.00%, ----- 11/1/27 * 8,675 ----- PENNSYLVANIA (0.1%) Berks County Industrial Development 1,600 1,600 Authority Revenue, 4.19%, 7/1/16 * ----- TEXAS (0.1%) Alamo Heights Higher Education 1,630 1,630 Facilities Corp., 4.17%, 4/1/07 * ----- UTAH (0.2%) Tooele City Industrial Development 2,800 2,800 Revenue, Series A, 4.07%, 10/1/22 * ----- VIRGINIA (0.4%) Arlington County Industrial 5,200 5,200 Development Authority, 4.06%, 2/1/16 ----- * WASHINGTON (0.3%) Housing Finance Community 2,000 2,000 Multifamily Housing Revenue, Everett, Series B, 4.07%, 1/15/38 * Housing Finance Community 1,190 1,190 Multifamily Revenue, Granite Falls, Series B, 4.08%, 10/1/27 * Housing Finance Community 860 860 Multifamily Revenue, Summer Ridge, --- Series B, 4.16%, 12/1/29 * 4,050 ----- TOTAL MUNICIPAL BONDS 244,581 ------- U.S. GOVERNMENT AGENCIES (0.7%) FREDDIE MAC (0.7%) 4.07%, 1/15/42 * 7,868 7,868 ----- TOTAL U.S. GOVERNMENT AGENCIES 7,868 ----- REPURCHASE AGREEMENTS (11.2%) State Street, 3.91%, 11/1/05 1,432 1,432 (Proceeds at maturity, $1,432, Collateralized by a U.S. Treasury Bond, 11.25%, 2/15/15, value $1,467) UBS Investment Bank, 4.00%, 128,000 128,000 11/1/05 ------- (Proceeds at maturity, $128,014, Collateralized by various U.S. Government Agency securities, 2.20%-5.79%, 12/15/05-8/10/20, value $130,565) TOTAL REPURCHASE AGREEMENTS 129,432 ------- MONEY MARKETS (0.3%) AIM Funds Liquid Assets Portfolio 1,450,218 1,450 Goldman Sachs Financial Square Prime 1,593,044 1,593 ----- Obligations Fund TOTAL MONEY MARKETS 3,043 ----- TOTAL (COST $1,158,756) (a) - 100.0% $1,158,756 ==========
- ------------ Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS.
FIFTH THIRD INSTITUTIONAL GOVERNMENT MONEY MARKET FUND Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares) SHARES OR PRINCIPAL AMOUNT VALUE U.S. GOVERNMENT AGENCIES (75.3%) FANNIE MAE (17.7%) 3.72%, 11/1/05 ** $ 5,110 $ 5,110 3.67%, 11/9/05 ** 19,005 18,989 3.88%, 11/14/05 ** 7,200 7,190 3.87%, 12/5/05 ** 20,000 19,927 3.68%, 12/9/05 * 14,750 14,749 3.89%, 12/9/05 ** 4,500 4,481 3.76%, 12/14/05 ** 11,525 11,473 2.38%, 12/15/05 500 499 3.78%, 1/9/06 * 11,250 11,249 5.88%, 2/2/06 2,000 2,010 5.50%, 2/15/06 6,094 6,125 2.25%, 2/28/06 9,655 9,601 5.25%, 6/15/06 13,015 13,102 3.25%, 6/28/06 2,200 2,185 3.25%, 7/12/06 2,000 1,989 ----- 128,679 ------- FEDERAL FARM CREDIT BANK (4.8%) 3.73%, 12/14/05 * 20,000 19,999 3.75%, 8/1/06 * 15,000 14,998 ------ 34,997 ------ FEDERAL HOME LOAN BANK (29.4%) 3.69%, 11/2/05 ** 20,000 19,998 3.60%, 11/4/05 ** 7,700 7,698 3.62%, 11/14/05 ** 10,000 9,987 2.50%, 11/15/05 5,000 4,998 6.50%, 11/15/05 2,000 2,002 3.74%, 11/16/05 ** 20,000 19,969 2.50%, 11/18/05 1,375 1,374 3.88%, 11/18/05 ** 16,400 16,370 3.92%, 11/23/05 ** 20,000 19,952 3.63%, 12/2/05 ** 2,145 2,138 3.83%, 12/7/05 ** 5,000 4,981 2.50%, 12/15/05 5,430 5,424 2.18%, 1/30/06 2,240 2,234 3.19%, 2/7/06 5,000 4,995 2.00%, 2/13/06 4,000 3,980 5.38%, 2/15/06 3,500 3,518 5.13%, 3/6/06 6,265 6,296 2.38%, 4/5/06 5,000 4,965 2.32%, 4/28/06 1,250 1,242 3.65%, 5/10/06 * 20,000 19,997 3.99%, 6/14/06 * 25,000 25,000 3.25%, 7/21/06 2,350 2,335 3.50%, 8/15/06 2,340 2,331 3.89%, 8/21/06 * 23,000 23,000 ------ 214,784 ------- FREDDIE MAC (23.4%) 3.55%, 11/1/05 ** 15,265 15,265 3.70%, 11/7/05 * 14,390 14,390 3.62%, 11/8/05 ** 20,000 19,986 2.13%, 11/15/05 3,395 3,393 3.88%, 11/22/05 ** 10,000 9,977 2.05%, 11/28/05 4,000 3,998 3.70%, 12/6/05 ** 15,000 14,946 3.85%, 12/12/05 ** 8,774 8,736 3.74%, 12/13/05 ** 9,875 9,832 3.77%, 12/20/05 ** 10,000 9,949 2.26%, 12/30/05 3,000 2,994 3.96%, 1/3/06 ** 5,000 4,966 2.15%, 2/10/06 15,000 14,912 2.00%, 5/30/06 2,500 2,466 4.07%, 1/15/42 * 24,586 24,586 3.70%, 10/15/45 * 10,000 10,000 ------ 170,396 ------- TOTAL U.S. GOVERNMENT AGENCIES 548,856 ------- REPURCHASE AGREEMENTS (26.8%) State Street, 3.91%, 11/1/05 20,015 20,015 (Proceeds at maturity, $20,017, Collateralized by a U.S. Treasury Note, 3.38%, 2/28/04, value $20,419) UBS Investment Bank, 4.00%, 175,000 175,000 11/1/05 ------- (Proceeds at maturity, $175,019, Collateralized by various U.S. Government Agency securities, 1.81%-6.50%, 11/28/05-8/17/20, value $178,501) TOTAL REPURCHASE AGREEMENTS 195,015 MONEY MARKETS (0.0%) AIM Treasury Money Market Fund 77,805 78 -- TOTAL MONEY MARKETS 78 -- TOTAL (COST $743,949) (a) - 102.1% $743,949 ========
- ------------ Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS.
FIFTH THIRD GOVERNMENT MONEY MARKET FUND Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares) SHARES OR PRINCIPAL AMOUNT VALUE U.S. GOVERNMENT AGENCIES (96.4%) FEDERAL FARM CREDIT BANK (17.0%) 3.73%, 12/14/05 * $ 10,000 $ 10,000 2.63%, 12/15/05 2,000 1,997 5.40%, 3/22/06 500 502 3.78%, 5/8/06 * 15,000 15,001 3.00%, 6/30/06 1,500 1,489 3.75%, 8/1/06 * 10,000 9,999 ----- 38,988 ------ FEDERAL HOME LOAN BANK (79.4%) 2.38%, 11/1/05 4,000 4,000 3.58%, 11/2/05 ** 3,732 3,732 3.60%, 11/4/05 ** 3,929 3,928 3.64%, 11/8/05 ** 11,600 11,592 3.88%, 11/9/05 ** 5,000 4,996 3.63%, 11/14/05 ** 10,000 9,987 2.50%, 11/15/05 5,000 4,998 6.50%, 11/15/05 2,000 2,002 3.65%, 11/16/05 ** 12,600 12,580 3.81%, 11/17/05 ** 10,850 10,831 3.87%, 11/18/05 ** 10,000 9,982 3.69%, 11/23/05 ** 7,300 7,283 3.93%, 11/25/05 ** 5,000 4,987 3.73%, 11/30/05 ** 6,120 6,102 3.76%, 12/6/05 ** 2,500 2,491 3.83%, 12/7/05 ** 5,000 4,981 3.82%, 12/9/05 ** 5,000 4,980 3.75%, 12/14/05 ** 5,000 4,978 2.50%, 12/15/05 2,000 1,998 2.49%, 12/29/05 1,000 998 3.96%, 1/11/06 ** 8,930 8,860 3.19%, 2/7/06 2,000 1,998 2.00%, 2/13/06 6,525 6,493 2.38%, 2/15/06 3,000 2,989 3.92%, 3/1/06 * 5,000 5,000 5.13%, 3/6/06 4,635 4,655 2.88%, 5/22/06 1,500 1,490 3.99%, 6/14/06 * 15,000 14,999 3.25%, 7/21/06 2,000 1,988 5.25%, 8/15/06 1,345 1,358 3.89%, 8/21/06 * 15,000 14,999 ------ 182,255 ------- TOTAL U.S. GOVERNMENT AGENCIES 221,243 ------- MONEY MARKETS (3.6%) Goldman Sachs Financial Square Federal 7,449,296 7,449 Fund STIT Government Tax Advantage Fund 904,894 905 --- TOTAL MONEY MARKETS 8,354 ----- TOTAL (COST $229,597) (a) - 100.0% $229,597 ========
- ------------ Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS.
FIFTH THIRD U.S. TREASURY MONEY MARKET FUND Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares) SHARES OR PRINCIPAL AMOUNT VALUE U.S. TREASURY BILLS (7.2%) 3.11%, 11/17/05 ** $ 10,000 $ 9,986 3.29%, 12/22/05 ** 30,000 29,863 3.75%, 2/16/06 ** 15,000 14,836 3.84%, 3/2/06 ** 10,000 9,873 3.81%, 3/23/06 ** 15,000 14,779 ------ TOTAL U.S. TREASURY BILLS 79,337 ------ U.S. TREASURY NOTES (10.4%) 5.75%, 11/15/05 45,000 45,048 1.63%, 2/28/06 20,000 19,888 4.63%, 5/15/06 35,000 35,154 2.75%, 6/30/06 15,000 14,881 ------ TOTAL U.S. TREASURY NOTES 114,971 ------- REPURCHASE AGREEMENTS (82.3%) (b) ABN AMRO, 3.94%, 11/1/05 200,000 200,000 Barclays Capital, 3.93%, 11/1/05 200,000 200,000 Deutsche Bank, 3.95%, 11/1/05 200,000 200,000 Nesbitt Burns, 3.92%, 11/1/05 50,000 50,000 Societe Generale, 3.92%, 11/1/05 50,000 50,000 State Street, 3.85%, 11/1/05 7,059 7,059 UBS Investment Bank, 3.93%, 200,000 200,000 11/1/05 ------- TOTAL REPURCHASE AGREEMENTS 907,059 ------- MONEY MARKETS (0.2%) AIM Treasury Money Market Fund 1,970,484 1,970 ----- TOTAL MONEY MARKETS 1,970 ----- TOTAL (COST $1,103,337) (a) - 100.1% $1,103,337 ==========
- ------------ Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS.
FIFTH THIRD MICHIGAN MUNICIPAL MONEY MARKET FUND Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares) SHARES OR PRINCIPAL AMOUNT VALUE COMMERCIAL PAPER (5.7%) Building Authority Revenue, 2.73%, $ 10,000 $ 10,000 11/9/05 -------- TOTAL COMMERCIAL PAPER 10,000 -------- MUNICIPAL BONDS (93.9%) MICHIGAN (90.3%) Building Authority Revenue, Series III, 2,500 2,501 3.00%, 10/15/06 Cadillac Area Public Schools, 5.38%, 1,665 1,686 5/1/17, (Prerefunded 5/1/06 @ 100) Chippewa Valley Schools, 4.00%, 370 372 5/1/06 Detroit City School District, 5.50%, 1,730 1,754 5/1/06 Detroit Sewage Disposal Revenue, 3,550 3,550 2.72%, 7/1/33 * Detroit Waterfront Reclamation, Series 7,405 7,405 C, 2.85%, 5/1/09 * Farmington Hills Economic 470 470 Development Corp., Marketing Displays, (AMT), 3.25%, 9/1/08 * Forest Hills Public Schools, 3.00%, 1,225 1,227 5/1/06 Genesee County Economic Development 2,190 2,190 Corp., Rawcar Group, (AMT), 2.81%, 5/1/20 * Grand Rapids Water Supply, 2.67%, 500 500 1/1/20 * Hospital Finance Authority Revenue 465 465 Balmoral, Inc., 3.25%, 9/1/16 * (c) Hospital Financial Authority Revenue, 60 60 Hospital Equipment Loan Program, 2.72%, 12/1/23 * Housing Development Authority, Hunt 475 475 Club Apartments, 2.75%, 7/15/35 * Housing Development Authority, 2,100 2,100 Limited Obligation Revenue, Shoal Creek, 2.75%, 10/1/07 * Housing Development Authority, Ltd., 150 150 2.71%, 6/1/25 * Housing Development Authority, Ltd., 3,800 3,800 2.75%, 1/1/29 * (c) Housing Development Authority, Series 6,900 6,900 A, 2.75%, 9/1/35 * Jackson County Economic Development 2,700 2,700 Corp., Limited Obligation Revenue, Vista Grande Villa, Series A, 2.70%, 11/1/31 * Jackson County Hospital Financial 2,950 2,950 Authority, Hospital Revenue, W.A. Foote Memorial Hospital-B, 2.72%, 6/1/26 * Jackson Public Schools, State Aid 1,250 1,255 Anticipation Notes, Series B, 3.75%, 5/24/06 Leelanau County Economic 345 345 Development Corp., American Community Mutual Insurance Co., 3.00%, 6/15/06 * Mancelona Area Water, Sewer Authority, 990 990 Water Supply Systems Revenue, 2.77%, 4/1/21 * Marquette City Hospital Finance, 2,255 2,255 Marquette General Hospital Group, 2.84%, 7/1/09 * Marquette County Economic 800 800 Development Corp., Pioneer Labs, Inc., Series A, (AMT), 2.85%, 6/1/12 * Municipal Bond Authority, Detroit 1,500 1,505 School District, Series A, 3.75%, 3/21/06 Municipal Bond Authority, Series B-1, 1,000 1,009 4.00%, 8/18/06 Municipal Bond Authority, Series C, 1,000 1,009 4.25%, 8/18/06 Oakland County Economic Development 1,835 1,835 Corp., Limited Obligation Revenue, Moody Family, Ltd., (AMT), 2.87%, 9/1/12 * (c) Oakland County Economic Development 1,600 1,600 Corp., North America, (AMT), 2.85%, 7/1/18 * (c) South Central Power Agency, Power 1,935 1,935 Supply System Revenue, 5.80%, 11/1/05 Southfield Economic Development, 3,000 3,000 Lawrence Technical University Project, 2.76%, 10/1/31 * St. Clair Shores Economic Development 180 180 Corp., Borman's, Inc., (AMT), 3.60%, 10/15/06 * State Hospital Financial Authority 1,400 1,400 Revenue, Holland Community Hospital, Series B, 2.71%, 1/1/34 * Sterling Heights Economic Development 670 670 Corp., Sterling Shopping Center, 2.72%, 12/1/10 * Strategic Fund, Automatic Spring, 1,000 1,000 (AMT), 2.85%, 9/1/10 * Strategic Fund, Banks Hardwoods, Inc., 882 882 (AMT), 2.84%, 7/1/12 * (c) Strategic Fund, Biewer of Lansing, 1,070 1,070 (AMT), 2.84%, 5/1/19 * Strategic Fund, Brazing Concepts Co., 1,500 1,500 (AMT), 2.87%, 9/1/18 * Strategic Fund, Donnelly Corp., Series 4,500 4,500 A, (AMT), 2.80%, 3/1/10 * (c) Strategic Fund, Donnelly Corp., Series 2,500 2,500 B, (AMT), 2.95%, 4/1/08 * (c) Strategic Fund, Emerson Schools, 2,600 2,600 2.77%, 7/1/24 * Strategic Fund, Environmental Powder 235 235 Co., (AMT), 2.85%, 7/1/22 * Strategic Fund, Fitz-Land LLC, (AMT), 2,365 2,365 2.81%, 8/1/25 * Strategic Fund, Fleet Engineers Project, 600 600 (AMT), 2.85%, 9/1/09 * (c) Strategic Fund, Forest City 1,600 1,600 Technologies, (AMT), 2.81%, 9/1/15 * Strategic Fund, Frederick Wolfgang, 820 820 (AMT), 2.85%, 9/1/26 * Strategic Fund, Glastender, Inc., (AMT), 715 715 2.87%, 9/1/08 * (c) Strategic Fund, HP Pelzer, Inc., (AMT), 800 800 2.84%, 3/1/11 * (c) Strategic Fund, John Dekker & Sons, 390 390 (AMT), 2.85%, 1/1/18 * Strategic Fund, Joy Properties LLC, 580 580 2.87%, 5/1/17 * (c) Strategic Fund, Kaspari Investments 100 100 LLC, (AMT), 2.84%, 6/1/09 * Strategic Fund, Kazoo, Inc., (AMT), 180 180 3.15%, 3/15/07 * Strategic Fund, Kundinger, (AMT), 1,185 1,185 2.85%, 2/1/29 * (c) Strategic Fund, Limited Obligated 1,000 1,000 Revenue, Oak Industrial Drive Project, (AMT), 2.85%, 11/1/33 * Strategic Fund, Limited Obligation 800 800 Revenue, All American Property LLC, (AMT), 2.87%, 12/1/18 * Strategic Fund, Limited Obligation 3,125 3,125 Revenue, American Litho Project, (AMT), 2.94%, 2/1/31 * Strategic Fund, Limited Obligation 300 300 Revenue, Besser International Sales Co. Project, (AMT), 2.87%, 9/1/11 * (c) Strategic Fund, Limited Obligation 1,990 1,990 Revenue, BK Real Estate Project, (AMT), 2.83%, 12/1/23 * Strategic Fund, Limited Obligation 500 500 Revenue, Bowers Manufacturing Co. (AMT), 2.84%, 9/1/10 * (c) Strategic Fund, Limited Obligation 930 930 Revenue, Cayman Chemical Company Project, (AMT), 2.81%, 6/1/28 * (c) Strategic Fund, Limited Obligation 2,400 2,400 Revenue, Creative Foam Corp. (AMT), 2.87%, 11/1/11 * (c) Strategic Fund, Limited Obligation 2,100 2,100 Revenue, Delta Containers, Inc. (AMT), 2.84%, 3/1/11 * Strategic Fund, Limited Obligation 2,055 2,055 Revenue, Detroit Symphony Project, Series B, 2.74%, 6/1/31 * Strategic Fund, Limited Obligation 600 600 Revenue, Eclipse Mold (AMT), 2.87%, 12/1/12 * (c) Strategic Fund, Limited Obligation 1,400 1,400 Revenue, Flyer Fund Leasing LLC Project, 2.87%, 11/1/17 * (c) Strategic Fund, Limited Obligation 300 300 Revenue, Gebara Management Co. LLC Project, 2.87%, 11/1/13 * Strategic Fund, Limited Obligation 300 300 Revenue, Harbor Industries, Inc. Project, (AMT), 2.85%, 4/1/25 * Strategic Fund, Limited Obligation 700 700 Revenue, Jet Enterprises, (AMT), 2.84%, 3/1/11 * (c) Strategic Fund, Limited Obligation 400 400 Revenue, Lakeport Realty Project, 2.84%, 6/1/07 * (c) Strategic Fund, Limited Obligation 200 200 Revenue, Landscape Forms, Inc. Project, (AMT), 2.87%, 5/1/14 * (c) Strategic Fund, Limited Obligation 800 800 Revenue, Lansing Saint Vincent Home Project, 2.70%, 8/1/28 * Strategic Fund, Limited Obligation 2,000 2,000 Revenue, Metal Technologies Project, (AMT), 2.81%, 7/1/19 * Strategic Fund, Limited Obligation 1,700 1,700 Revenue, Midwest Kellering Co. Project, (AMT), 2.87%, 6/1/19 * Strategic Fund, Limited Obligation 1,300 1,300 Revenue, MOT LLC Project, 2.72%, 12/1/34 * Strategic Fund, Limited Obligation 1,600 1,600 Revenue, Production Engineering Project, (AMT), 2.82%, 6/1/13 * (c) Strategic Fund, Limited Obligation 2,160 2,160 Revenue, R. L. Adams Plastics, Inc., (AMT), 2.85%, 5/1/23 * (c) Strategic Fund, Limited Obligation 1,140 1,140 Revenue, RA Rink, LLC Project, (AMT), 2.87%, 11/1/17 * (c) Strategic Fund, Limited Obligation 500 500 Revenue, RL Enterprises LLC (AMT), 2.84%, 12/1/09 * (c) Strategic Fund, Limited Obligation 700 700 Revenue, S.K.Y. Sakaiya Corp. Project, (AMT), 2.84%, 5/1/10 * (c) Strategic Fund, Limited Obligation 100 100 Revenue, Whitehall Industries, Inc. Project, (AMT), 2.84%, 3/1/25 * Strategic Fund, Limited Obligation 300 300 Revenue, Whitehall Industries, Inc., (AMT), 2.87%, 11/1/20 * Strategic Fund, Lions Bear Lake Camp 1,070 1,070 Project, 2.82%, 8/1/32 * Strategic Fund, MacArthur, (AMT), 2,100 2,100 2.84%, 6/1/15 * Strategic Fund, Maco Steel, Inc., 1,640 1,640 (AMT), 2.85%, 3/1/24 * Strategic Fund, Merrill Group, (AMT), 1,050 1,050 2.91%, 10/1/22 * (c) Strategic Fund, Middleville Tool & Die 2,100 2,100 Project, (AMT), 2.87%, 9/1/13 (c) Strategic Fund, Patten Monument, 710 710 (AMT), 2.85%, 11/1/26 * Strategic Fund, Phipps Emmett 2,000 2,000 Association, (AMT), 2.85%, 12/1/23 * Strategic Fund, Proto-Techniques, 2,535 2,535 (AMT), 2.85%, 12/1/26 * (c) Strategic Fund, Protomark Corp. 400 400 Project, (AMT), 2.87%, 8/1/17 * (c) Strategic Fund, SFI Acquisition, Inc., 990 990 (AMT), 2.85%, 2/1/28 * (c) Strategic Fund, Stegner East Investments 3,090 3,090 LLC Project, (AMT), 2.85%, 6/1/29 * (c) Strategic Fund, Thompson Family 910 910 Holdings, (AMT), 2.91%, 7/1/28 * Strategic Fund, Trenton Forging Co., 1,165 1,165 (AMT), 2.82%, 6/1/20 * (c) Strategic Fund, Trio Tool Co., (AMT), 1,325 1,325 2.76%, 7/1/24 * Strategic Fund, Ultra Tech Printing Co., 1,105 1,105 (AMT), 2.85%, 8/1/23 * Strategic Fund, Waltec American 1,615 1,615 Forging, (AMT), 2.84%, 10/1/09 * (c) Strategic Fund, Warren Screw Products, 400 400 Inc., (AMT), 2.87%, 9/1/16 * (c) Strategic Fund, Wright K Technology, 645 645 Inc., (AMT), 2.91%, 5/1/17 * (c) Strategic Fund, YMCA Detroit Project, 1,000 1,000 2.80%, 5/1/31 * University of Michigan Hospital 500 500 Revenue, 2.70%, 12/1/35 * University of Michigan, Medical Service 5,150 5,150 Plan, Series A-1, 2.70%, 12/1/21 * University of Michigan, Series A-2, 4,515 4,515 2.70%, 12/1/24 * Walled Lake Consolidated School 500 501 District, 3.00%, 5/1/06 Warren Economic Development Corp., 525 525 Limited Obligation, CMX Corp., (AMT), 3.15%, 3/15/07 * Wayne Charter County Airport, (AMT), 2,545 2,551 5.25%, 12/1/05 Wayne Charter County, Airport 600 600 Revenue, Detroit Metro County, (AMT), 2.75%, 12/1/16 * Wayne Charter County, Airport 1,035 1,037 Revenue, Detroit Metropolitan, Series D, ----- 5.25%, 12/1/05 157,294 ------- PUERTO RICO (2.7%) Industrial Medical & Environmental 4,695 4,695 Pollution Control, Facilities Financing ----- Authority, Abbott Laboratories, 2.55%, 3/1/23 * (c) TEXAS (0.9%) Lower Neches Valley Authority, 1,500 1,500 2.60%, 2/1/31 * ----- TOTAL MUNICIPAL BONDS 163,489 ------- MONEY MARKETS (0.2%) AIM Tax Free Money Market Fund 283 -# Dreyfus Tax Exempt Money Market 5,506 6 Fund Goldman Sachs Financial Tax Free 139,941 140 Money Market Fund Merrill Lynch Institutional Tax Exempt Fund 277,163 277 --- TOTAL MONEY MARKETS 423 --- TOTAL (COST $173,912) (a) - 99.8% $173,912 ========
- ------------ Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS.
FIFTH THIRD MUNICIPAL MONEY MARKET FUND Schedule of Portfolio Investments October 31, 2005 (Unaudited) (Amounts in thousands, except shares) SHARES OR PRINCIPAL AMOUNT VALUE COMMERCIAL PAPER (6.4%) ARIZONA (2.7%) Mesa, 2.45%, 11/14/05 $ 4,970 $ 4,970 ----- MICHIGAN (3.7%) Building Authority Revenue, 2.73%, 7,000 7,000 11/9/05 ----- TOTAL COMMERCIAL PAPER 11,970 ------ MUNICIPAL BONDS (96.7%) COLORADO (12.2%) Arapahoe County Water and Wastewater 1,500 1,500 Authority Revenue, Series A, 2.73%, 12/1/33 * Aurora Centretech, Metropolitan District, 1,000 1,000 Series A, 2.30%, 12/1/28 * Castlewood Ranch Metropolitan District, 1,500 1,500 2.30%, 12/1/34 * Central Platte Valley Metropolitan 500 500 District, 2.30%, 12/1/31 * Colorado Springs, Pikes Peak YMCA, 800 800 2.70%, 11/1/22 * Colorado Springs, Revenue, National 665 665 Strength and Condition, 2.80%, 11/1/22 * Commerce City, 2.30%, 12/1/31 * 2,290 2,290 Dove Valley Metropolitan District, 2,790 2,790 Arapahoe County, 1.95%, 5/1/20 * Durango, Revenue, Health and Human 725 725 Services, 2.80%, 12/15/14 * Educational and Cultural Facility 765 765 Authority Revenue, Community Wireless Park City, 2.73%, 12/1/23 * Holland Creek, 2.70%, 6/1/41 * 740 740 Parker, Automotive Metropolitan 2,000 2,000 District, 2.85%, 12/1/34 * Pinery West Metropolitan District No. 7,400 7,400 2, 1.95%, 11/1/32 * ----- 22,675 ------ FLORIDA (2.5%) Alachua County Health Facilities 1,200 1,200 Authority Revenue, Shands Teaching Hospital and Clinic, 2.72%, 12/1/32 * Alachua County Health Facilities 3,500 3,500 ----- Authority, Health Facilities Revenue, Shands Teaching Hospital, Series A, 2.72%, 12/1/12 * 4,700 ----- GEORGIA (1.7%) Dekalb County, Development Authority 1,000 1,000 Revenue, Oglethorpe University, 2.70%, 10/1/29 * Fulton County, Development Authority 2,100 2,100 Revenue, Holy Innocents Episcopal, ----- 2.70%, 8/1/24 * 3,100 ----- IDAHO (0.3%) Power County, Pollution Control 500 500 Revenue, FMC Corp. Project, 2.70%, --- 12/1/10 * ILLINOIS (18.7%) Development Finance Authority, 2.70%, 2,000 2,000 4/1/32 * Development Finance Authority 2,000 2,000 Revenue, McCormick Theological, Series B, 2.70%, 6/1/35 * Development Finance Authority 2,970 2,970 Revenue, St. Anne Place Project, 2.80%, 6/1/22 * Development Finance Authority, WTVP 3,650 3,650 Channel 47, Series A, Lake County Family YMCA, 2.75%, 9/1/22 * Development Financial Authority 875 875 Revenue, World Communications, Inc., 2.75%, 8/1/15 * Educational Facilities Authority, Field 4,900 4,900 Museum of Natural History, 2.75%, 11/1/25 * (c) Educational Facilities Authority, Lake 1,450 1,450 County Family YMCA, 2.75%, 11/1/30 * Galesburg, Knox College, 2.70%, 7/1/24 2,400 2,400 * Health Facilities Authority, 2.71%, 2,000 2,000 1/1/16 * (c) Lake Villa, Allendale Association, 4,640 4,640 2.77%, 10/1/26 * Macon County, Millikin University, 1,300 1,300 2.73%, 10/1/31 * Peoria, Peoria Academy, 2.83%, 9/1/26 4,300 4,300 * Rock Island County Public Building 205 205 Commission, Justice Center, 4.35%, 12/1/05 Southern Illinois University Revenue, 100 100 3.25%, 4/1/06 Springfield Community Improvement, 1,000 1,000 2.70%, 12/1/25 * Springfield Electric Revenue, 6.00%, 400 404 3/1/06 Will & Kendall Counties, Community 675 675 Consolidated School District No. 202, --- 2.50%, 1/1/06 34,869 ------ INDIANA (13.9%) Beech Grove Multiple School Building 255 255 Corp., 3.00%, 1/10/06 Brownsburg 1999 School Building 550 551 Corp., 4.00%, 1/15/06 Crawfordsville, Economic Development, 3,381 3,381 Autumn Woods Apartments, Series A, 2.72%, 1/1/30 * Dekko Foundation Educational Facilities 650 650 Revenue, Series I, 2.91%, 4/1/21 * (c) Development Financial Authority 1,800 1,800 Revenue, Industrial Development Revenue, Indiana University Foundation Project, 2.76%, 8/1/18 * (c) Development Financial Authority, 3,600 3,600 Mental Health, 2.80%, 12/1/22 * (c) Development Financial Authority, 1,195 1,195 Regional Council of Carpenters, 2.82%, 9/1/31 * Economic Development Revenue, 4,600 4,600 Morningside College, 2.72%, 8/1/22 * (c) Educational Facility Authority Revenue, 1,500 1,500 2.70%, 12/1/08 * Hamilton Southeastern Consolidated 290 290 School Building Corp., 3.00%, 1/10/06 Healthcare Facilities Revenue, Southern 1,575 1,575 Indiana Rehabilitation Hospital, 2.83%, 4/1/20 * Indianapolis, State Development Finance 2,555 2,555 Authority, Lutheran Educational Facilities Project, 2.80%, 10/1/17 * (c) Mount Vernon of Hancock County 320 321 Multi-School Building Corp., 4.00%, 1/15/06 Plymouth Multi-School Building Corp., 750 751 3.00%, 1/10/06 Saint Joseph County, Economic 2,500 2,500 Development Revenue, 2.80%, 6/1/22 * West Clark School Building Corp., 495 495 3.00%, 1/15/06 --- 26,019 ------ IOWA (0.9%) Financial Authority, Diocese of Sioux 1,640 1,640 City, 2.70%, 3/1/19 * ----- MICHIGAN (8.1%) Ann Arbor Economic Development 1,500 1,500 Corp., Limited Obligation Revenue, Glacier Hills, Inc. Project, 2.61%, 11/1/25 * Hospital Financial Authority Revenue, 4,825 4,825 Crittenton Hospital, Series A, 2.77%, 3/1/14 * Hospital Financial Authority Revenue, 2,500 2,500 Crittenton Hospital, Series A, 2.77%, 3/1/30 * Strategic Fund, Limited Obligation 400 400 Revenue, Henry Ford Museum Village Project, 2.73%, 12/1/33 * Strategic Fund, Limited Obligation 5,845 5,846 ----- Revenue, Lansing Saint Vincent Home Project, 2.70%, 8/1/28 * 15,071 ------ MINNESOTA (3.7%) Lauderdale, Children's Home Society, 625 625 2.83%, 12/1/30 * Minneapolis, Minnehaha Academy 3,600 3,600 Project, 2.83%, 5/1/26 * Roseville Health Care Facilities 2,630 2,630 Revenue, Presbyterian Homes Project, ----- 2.78%, 10/1/29 * 6,855 ----- MISSOURI (1.8%) State Health & Educational Facilities 1,775 1,775 Authority, Drury University, 2.78%, 8/15/28 * State Health & Educational Facilities 1,600 1,600 Authority, Missouri Valley College, ----- 2.78%, 10/1/31 * 3,375 ----- NORTH CAROLINA (0.5%) Lee County Industrial Facilities & 1,000 1,000 Pollution Control Funding Authority ----- Revenue, Trion, Inc. Project, 2.80%, 11/1/11 * (c) OHIO (10.5%) Butler County, Healthcare Facilities, 1,000 1,000 2.84%, 5/1/27 * Columbiana County, Revenue, East 4,870 4,870 Liverpool, 2.77%, 10/1/23 * Coshocton County, Hospital Revenue, 190 190 2.83%, 3/1/14 * (c) Greene County, 3.50%, 8/16/06 1,000 1,004 Higher Education, Capital Facilities 2,000 2,005 Revenue, Series II-A, 5.25%, 12/1/05 Independence, Economic Development 2,715 2,715 Revenue, 2.77%, 12/1/16 * Montgomery County, Economic 2,000 2,000 Development, Benjamin & Marian Arts Center, Series A, 2.77%, 4/1/11 * Montgomery County, Economic 1,400 1,400 Development, The Dayton Art Institute, 2.77%, 5/1/26 * Montgomery County, Health Care 1,685 1,685 Facilities, Community Blood Center, 2.83%, 12/1/20 * State Higher Education Facilities 1,915 1,915 Revenue, Ashland University Project, 2.75%, 9/1/24 * Summit County, Industrial Development 890 890 Revenue, SSP Fittings Corporate Project, --- 2.83%, 9/1/11 * 19,674 ------ PENNSYLVANIA (11.6%) Allegheny County, Industrial 1,200 1,200 Development Authority Revenue, Sacred Heart High School, 2.76%, 6/1/22 * Allegheny County, Industrial 1,100 1,100 Development Authority Revenue, Sewickley Academy, Series A, 2.77%, 11/1/22 * Allentown Commercial & Industrial 7,480 7,481 Development, Diocese of Allentown, 2.72%, 12/1/29 * Chester County, Industrial Development 1,100 1,100 Authority Revenue, Archdiocese of Philadelphia, 2.72%, 7/1/31 * Higher Educational Facilities Authority 1,600 1,600 Revenue, 3.19%, 11/1/12 * North Wales Water Authority, Rural 3,000 3,025 Water Projects Revenue, 4.00%, 10/1/06 Philadelphia Authority for Industrial 6,200 6,200 Development Revenues, Newcourtland ----- Elderly Services Project, 2.72%, 3/1/27 * 21,706 ------ TENNESSEE (0.3%) Clarksville, Public Building Authority 600 600 Revenue, Pooled Funding, Municipal --- Bond Fund, 2.72%, 1/1/33 * TEXAS (1.7%) North Texas Municipal Water District, 1,150 1,158 Upper Efork Wastewater Interception Contract, 4.50%, 6/1/06 Tax & Revenue Anticipation Notes, 2,000 2,024 4.50%, 8/31/06 ----- 3,182 ----- UTAH (1.4%) Salt Lake County Training Facilities 1,540 1,540 Revenue, Community Foundation Disabled Project, 2.80%, 8/1/30 * Weber County Industrial Revenue, 1,095 1,095 Enable Industries, Inc., 2.80%, 12/1/15 ----- * 2,635 ----- VIRGINIA (0.8%) Suffolk Redevelopment & Housing 1,400 1,400 Authority, Multi-Family Housing ----- Revenue, North Beach Apartments, 2.80%, 9/1/19 * (c) WASHINGTON (6.1%) Bremerton Revenue, 2.75%, 12/1/28 * 3,100 3,100 Ferndale Water & Sewer Revenue, 120 120 3.00%, 11/1/05 Health Care Facilities Authority 4,055 4,055 Revenue, Inland Northwest Blood, 2.75%, 8/1/26 * King County Housing Authority 2,000 2,000 Revenue, Summerfield Apartments Project, 2.75%, 9/1/35 * Port Olympia, 3.00%, 12/1/05 355 355 Richland Gold Enterprises Revenue, 1,400 1,400 2.70%, 12/1/21 * (c) Snohomish County School District No. 300 300 332, Granite Falls, 3.50%, 12/1/05 --- 11,330 ------ TOTAL MUNICIPAL BONDS 180,331 ------- MONEY MARKETS (0.7%) AIM Tax Free Money Market Fund 2,472 2 Dreyfus Tax Exempt Money Market 917 1 Fund Goldman Sachs Financial Tax Free 1,383,487 1,384 ----- Money Market Fund TOTAL MONEY MARKETS 1,387 ----- TOTAL (COST $193,688) (a) - 103.8% $193,688 ======== - ------------
Percentages indicated are based on net assets as of October 31, 2005. SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS * Variable rate security. Rate presented represents the rate in effect at October 31, 2005. Maturity date reflects the actual maturity date. ** Effective yield at purchase. (a) Also represents cost for federal income tax purposes. (b) Proceeds at maturity range from $7,060 to $200,022. Collateralized by various U.S. Treasury and Government Agency securities, 0.00%-8.88%, 11/15/05-11/15/26, value $911,208 (c) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund's advisor has deemed this security to be liquid based upon procedures approved by the Board of Trustees. The following abbreviations are used in these Schedules of Portfolio Investments: AMT - Alternative Minimum Tax FHLB - Federal Home Loan Bank GO - General Obligation LOC - Letter of Credit FIFTH THIRD FUNDS NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS, CONTINUED OCTOBER 31, 2005 (UNAUDITED) - -------------------------------------------------------------------------------- The following is a summary of significant accounting policies consistently followed by the Fifth Third Funds in the preparation of their schedules of portfolio investments. These policies are in conformity with accounting principles generally accepted in the United States. SECURITIES VALUATIONS--Portfolio securities listed or traded on domestic securities exchanges or the NASDAQ/NMS, including American Depositary Receipts ("ADR"), are valued at the closing price on the exchange or system where the security is principally traded. If there have been no sales for that day on any exchange or system, a security is valued at the mean between the closing bid and asked quotes on the exchange or system where the security is principally traded, or at the Nasdaq Official Closing Price ("NOCP"), if applicable. Securities invested in the International Equity Fund are valued at the closing price on that exchange. Corporate debt securities and debt securities of U.S. issuers (other than short-term investments maturing in 60 days or less), including municipal securities, are valued on the basis of valuations provided by dealers or by an independent pricing service approved by the Board of Trustees ("Trustees"). Short-term investments maturing in 60 days or less and investments of the Prime Money Market Fund, Institutional Money Market Fund, Institutional Government Money Market Fund, Government Money Market Fund, U.S. Treasury Money Market Fund, Michigan Muncipal Money Market Fund and Municipal Money Market Fund (the "Money Market Funds") are valued at either amortized cost, which approximates market value or at original cost, which combined with accrued interest approximates market value. Under the amortized cost method, discount or premium is accreted or amortized on a constant basis to the maturity of the security. Investments in other open-end investment companies are valued at net asset value as reported by the underlying investment company. Investments for which there are no such quotations, or quotations which appear suspect, are valued at fair value as determined in good faith by the Pricing Committee under the direction of the Trustees. In addition, if events materially affecting the value of foreign securities occur between the time when the exchange on which they are traded closes and the time when the Funds' net assets are calculated, such securities may be valued using fair value pricing in accordance with procedures adopted by the Trustees. Management identifies possible fluctuations in foreign securities by monitoring the rise and fall in the value of a designated benchmark index. In the event of a rise or fall greater than predetermined levels, the International Equity Fund may use a systematic valuation model provided by an independent third party to value its foreign securities. When the International Equity Fund uses fair value pricing, the value assigned to the International Equity Fund's foreign securities may not be the quoted or published prices of the investment on their primary markets or exchanges. REPURCHASE AGREEMENTS--The Funds will only enter into repurchase agreements with banks and other recognized financial institutions, such as broker/dealers, which are deemed by Fifth Third Asset Management, Inc. (the "Advisor") to be creditworthy pursuant to guidelines and/or standards reviewed or established by the Trustees. It is the policy of the Funds to require the custodian or sub-custodian bank to take possession, to have legally segregated in the Federal Reserve Book Entry System, or to have segregated within the custodian bank's vault, all securities held as collateral under repurchase agreement transactions. Additionally, procedures have been established by the Funds to monitor, on a daily basis, the market value of each repurchase agreement's collateral to ensure that the value of collateral at least equals the repurchase price to be paid under the repurchase agreement transaction. Risks may arise from the potential inability of counterparties to honor the terms of the repurchase agreement. Accordingly, the Funds could receive less than the repurchase price on the sale of collateral securities. SECURITIES TRANSACTIONS--For financial reporting purposes, securities transactions are accounted for on the trade date. At all other times, the Trust's securities transactions are booked on a trade date plus one business day basis (which does not differ materially from a trade date basis). Securities transactions for the Money Market Funds are accounted for on trade date. FOREIGN CURRENCY TRANSLATION--The International Equity Fund does not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from the fluctuations arising from changes in the market prices of securities held. Such fluctuations are included with the net realized and unrealized gains or losses from investments. Realized foreign exchange gains or losses arise from sales and maturities of securities, sales of foreign currencies, currency exchange fluctuations between the trade and settlement dates of securities transactions, and the difference between the amount of assets and liabilities recorded and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign exchange gains and losses arise from changes in the fair value of assets and liabilities, including investments in securities, resulting from changes in the currency exchange rates. FIFTH THIRD FUNDS NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS, CONTINUED OCTOBER 31, 2005 (UNAUDITED) - -------------------------------------------------------------------------------- FORWARD CURRENCY CONTRACTS--The International Equity Fund may enter into forward currency contracts ("forward"), which is an agreement between two parties to buy and sell a currency at a set price on a future date. The market value of the forward fluctuates with changes in currency exchange rates. The forward is marked-to-market daily and the change in market value is recorded by a Fund as unrealized appreciation or depreciation. When the forward is closed, the Fund records a realized gain or loss equal to the difference between the value at the time it was opened and the value at the time it was closed. The Fund could be exposed to risk if a counterparty is unable to meet the terms of a forward or if the value of the currency changes unfavorably. FOREIGN CURRENCY COMMITMENTS--The International Equity Fund may enter into foreign currency commitments for the delayed delivery of securities of foreign currency exchange transactions. Risks may arise upon entering into these transactions from the potential inability of counterparties to meet the terms of their commitments and from unanticipated movements in security prices or foreign exchange rates. The foreign currency transactions are adjusted by the daily exchange rate of the underlying currency and any gains or losses are recorded for financial statement purposes as unrealized until the settlement date. FUTURES CONTRACTS--The Funds, with the exception of the Dividend Growth Fund, the Intermediate Municipal Bond Fund and the Ohio Municipal Bond Fund, may enter into futures contracts for the delayed delivery of securities at a fixed price at some future date or for the change in the value of a specified financial index over a predetermined time period. Cash or securities are deposited with brokers in order to maintain a position. Subsequent payments made or received by the Fund based on the daily change in the market value of the position are recorded as unrealized appreciation or depreciation until the contract is closed out, at which time the gain or loss is realized. The International Equity Fund held $1,432,102 in cash as collateral for its futures contracts which is restricted as to its use by the Fund. The use of futures contracts involves, to varying degrees, elements of market risk. Risks arise from the possible imperfect correlation in movements in the price of futures contracts, interest rates and the underlying hedged assets, and the possible inability of counterparties to meet the terms of their contracts. However, the Fund's activities in futures contracts are conducted through regulated exchanges which minimize counterparty credit risks. WHEN-ISSUED AND DELAYED DELIVERY TRANSACTIONS (TBA)--The Funds may engage in when-issued or delayed delivery transactions. The Funds record when-issued securities on the trade date and maintain security positions such that sufficient liquid assets will be available to make payment for the securities purchased. Securities purchased on a when-issued or delayed delivery basis are valued daily and begin earning interest on the settlement date. LENDING PORTFOLIO SECURITIES--To generate additional income, the Funds may lend up to one-third of their total assets pursuant to agreements requiring that the loan be continuously secured by cash, U.S. Government or U.S. Government Agency securities, shares of an investment trust or mutual fund, or any combination of cash and such securities as collateral equal at all times to at least 100% of the prior day's market value plus accrued interest on the securities loaned. The Funds continue to earn interest and dividends on securities loaned while simultaneously seeking to earn interest on the investment of collateral. When cash is received as collateral for securities loaned, the Funds may invest such cash in short-term U.S. Government securities, repurchase agreements, or other short-term corporate securities. The cash or subsequent short-term investments are recorded as assets of the Funds, offset by a corresponding liability to repay the cash at the termination of the loan. Fixed income securities received as collateral are not recorded as an asset or liability of the Fund because the Fund does not have effective control of such securities. There may be risks of delay in recovery of the securities or even loss of rights in the collateral should the borrower of the securities fail financially. However, loans will be made only to borrowers deemed by the Advisor to be of good standing and creditworthy under guidelines established by the Trustees and when, in the judgment of the Advisor, the consideration which can be earned currently from such securities loans justifies the attendant risks. Loans are subject to termination by the Funds or the borrower at any time, and are, therefore, not considered to be illiquid investments. FIFTH THIRD FUNDS NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS, CONTINUED OCTOBER 31, 2005 (UNAUDITED) - -------------------------------------------------------------------------------- CONCENTRATION OF CREDIT RISK The International Equity Fund invests in equity and fixed income securities of non-U.S. issuers. Although the Fund maintains a diversified investment portfolio, the political or economic developments within a particular country or region may have an adverse effect on the ability of domiciled issuers to meet their obligations. Additionally, political or economic developments may have an effect on the liquidity and volatility of portfolio securities and currency holdings. The Intermediate Municipal Bond Fund held a substantial amount of their assets in debt obligations issued by the State of Michigan and their political subdivisions, agencies and public authorities at October 31, 2005. The Fund is more susceptible to factors adversely affecting issuers of Michigan municipal securities than a Fund that is not concentrated in these issuers to the same extent. The Ohio Municipal Bond Fund and the Michigan Municipal Bond Fund invest a substantial portion of their assets in debt obligations issued by the State of Ohio and the State of Michigan, respectively, and their political subdivisions, agencies and public authorities. The Funds are more susceptible to factors adversely affecting issuers of Ohio and Michigan municipal securities than a Fund that is not concentrated in these issuers to the same extent. The Michigan Municipal Money Market Fund invests a substantial portion of its assets in debt obligations issued by the State of Michigan, and their political subdivisions, agencies and public authorities. The Fund is more susceptible to factors adversely affecting issuers of Michigan municipal securities than a fund that is not concentrated in these issuers to the same extent. 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) Fifth Third Funds ___________________________________________________________________ By (Signature and Title) /s/ Aaron J. Masek Aaron J. Masek, Treasurer ________________________________________________________ Date December 23, 2005 _________________ 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/ Bryan C. Haft Bryan C. Haft, President ___________________________________________________________________ Date December 23, 2005 _________________ By (Signature and Title) /s/ Aaron J. Masek Aaron J. Masek, Treasuer ________________________________________________________ Date December 23, 2005 _________________ EX-99.CERT 2 file002.txt CERTIFICATIONS CERTIFICATIONS I, Bryan C. Haft, certify that: 1. I have reviewed this report on Form N-Q of the Fifth Third Funds (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. December 23, 2005 /s/ Bryan C. Haft - ----------------- ----------------------------------------------- Date Bryan C. Haft President I, Aaron J. Masek, certify that: 1. I have reviewed this report on Form N-Q of the Fifth Third Funds (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. December 23, 2005 /s/ Aaron J. Masek - ----------------- ----------------------------------------------- Date Aaron J. Masek Treasurer -----END PRIVACY-ENHANCED MESSAGE-----