N-Q 1 b68481a1nvq.htm SCOTTISH WIDOWS INVESTMENT PARTNERSHIP Scottish Widows Investment Partnership
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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: 811-10399
 
SCOTTISH WIDOWS INVESTMENT PARTNERSHIP TRUST
 
(Exact name of registrant as specified in charter)
Two Avenue de Lafayette, 6th Floor
Boston, MA 02111
 
(Address of principal executive offices)(Zip code)
     
(Name and Address of Agent for Service)   Copy to:
     
Scottish Widows Investment Partnership Ltd.
Edinburgh One, Morrison Street,
Edinburgh EH3 8BE
Scotland 		  Geoffrey R. T. Kenyon, Esq.
Goodwin Procter LLP
Exchange Place
Boston, MA 02109
Registrant’s telephone number, including area code: (617) 662-3968
Date of fiscal year end: September 30
Date of reporting period: December 31, 2007
 
 

 

 

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Certifications
        
 EX-99.CERT Certifications

 

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Item 1. Schedule of Investments
Scottish Widows Investment Partnership Trust
Global Emerging Markets Fund
SCHEDULE OF INVESTMENTS
December 31, 2007 (Unaudited)
                 
Number         Market  
of Shares         Value  
 
Common Stocks - 85.8%        
Brazil - 21.0%        
  2,900    
Banco do Brasil S.A.
   $ 48,888  
  23,100    
Companhia Vale do Rio Doce (ADR)
     646,338  
  17,205    
Gafisa S.A.
     322,099  
  23,300    
Localiza Rent a Car S.A.
     244,996  
  7,620    
Petroleo Brasileiro S.A. (ADR)
     733,197  
  11,039    
Tam S.A. (ADR)
     266,261  
  2,367    
Unibanco - Uniao de Bancos Brasileiros S.A. (GDR)
     330,528  
       
 
      
       
 
     2,592,307  
       
 
      
       
 
        
Hong Kong - 9.7%        
  1,456,400    
China LotSynergy Holdings, Ltd.(a)
     176,896  
  15,300    
China Mobile, Ltd.
     265,140  
  96,718    
China Resources Power Holdings Co., Ltd.
     334,450  
  247,000    
CNOOC, Ltd.
     414,620  
       
 
      
       
 
     1,191,106  
       
 
      
       
 
        
Malaysia - 3.0%        
  114,750    
AMMB Holdings Bhd
     131,355  
  99,000    
Genting Berhad
     234,542  
       
 
      
       
 
     365,897  
       
 
      
       
 
        
Mexico - 4.0%        
  5,400    
America Movil SAB de C.V., Series L (ADR)
     331,506  
  54,930    
Corporacion GEO S.A. de C.V., Series B(a)
     158,031  
       
 
      
       
 
     489,537  
       
 
      
       
 
        
Netherlands - 0.9%        
  2,162    
Zentiva NV (GDR)
     114,586  
       
 
      
People’s Republic of China - 4.3%        
  114,000    
China Railway Group Ltd.
     157,022  
  35,640    
Ping An Insurance Co. of China, Ltd.
     377,621  
       
 
      
       
 
     534,643  
       
 
      
       
 
        
Russia - 19.8%        
  17,700    
Comstar United Telesystems (GDR)
     221,255  
  17,343    
Gazprom (ADR)
     976,616  
  5,661    
LUKOIL Sponsored (ADR)
     486,018  
  824    
MMC Norilsk Nickel (ADR)
     223,098  
  3,810    
Mobile TeleSystems (ADR)
     387,820  
  34,972    
Sberbank
     145,924  
       
 
      
       
 
     2,440,731  
       
 
      
       
 
        
Singapore - 0.9%        
  106,000    
Petra Foods, Ltd.
     113,444  
       
 
      
South Africa - 9.3%        
  72,772    
African Bank Investments, Ltd.
     351,338  
  5,684    
AngloGold Ashanti Ltd.
     243,719  
  33,072    
FirstRand, Ltd.
   96,252  
  7,340    
Impala Platinum Holdings, Ltd.
     253,219  
  3,921    
Sasol
     194,494  
       
 
      
       
 
     1,139,022  
       
 
      
       
 
        
South Korea - 7.0%        
  4,800    
Kookmin Bank (ADR)
     351,936  
  1,750    
Samsung Electronics Co., Ltd. (GDR)(b)
     512,313  
       
 
      
       
 
     864,249  
       
 
      
       
 
        
Taiwan - 5.9%        
  7,103    
AU Optronics Corp. (ADR)
     136,377  
  57,000    
Delta Electronics, Inc.
     193,653  
  21,578    
Hon Hai Precision Industry Co., Ltd. (GDR)
     266,028  
  71,119    
Wistron Corp.
     131,220  
       
 
      
       
 
     727,278  
       
 
      
Total Common Stocks        
     (Cost $9,138,840)     10,572,800  
       
 
      
Preferred Stocks - 5.5%        
Brazil - 3.1%        
  14,800    
Banco Itau Holding Financeira S.A.
     383,370  
       
 
      
Russia - 2.4%        
  147    
Transneft
     293,265  
       
 
      
Total Preferred Stocks        
     (Cost $544,166)     676,635  
       
 
      
Participation Notes(PNotes) - 7.0%        
India - 7.0%        
  5,521    
Bharti Airtel, Ltd. (expires 3/17/11)(a)
     139,720  
  5,069    
Housing Development Finance Corp., Ltd. (expires 1/18/11)(a)
     370,493  
  10,508    
Satyam Computer Services, Ltd. (expires 3/12/10)(a), (b)
     119,788  
  8,475    
Tata Consultancy Services, Ltd. (expires 8/24/09)(a)
     233,622  
       
 
      
       
 
     863,623  
       
 
      
Total Participation Notes(PNotes)        
     (Cost $686,343)     863,623  
       
 
      
Total Investments - 98.3%        
     (Cost $10,369,349)(c)   $ 12,113,058  
Other Assets, Less Liabilities - 1.7%        
       
 
     213,472  
       
 
      
Total Net Assets - 100.0%   $ 12,326,530  
       
 
      
       
 
        
See Notes to Financial Statements.

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Scottish Widows Investment Partnership Trust
Global Emerging Markets Fund
SCHEDULE OF INVESTMENTS
December 31, 2007 (Unaudited)
(a)   Non-income producing security.
(b)   Pursuant to Rule 144A under the Securities Act of 1933, these securities may only be traded among “qualified institutional buyers.” At December 31, 2007, the aggregate market value of these securities amounted to $632,101 or 5.1% of net assets. The Advisor has deemed these securities to be liquid.
 
(c)   For federal income tax purposes the aggregate cost was $10,369,349 aggregate gross unrealized appreciation was $2,049,939 aggregate gross unrealized depreciation was $(306,230) and the net unrealized appreciation $1,743,709
ADR       American Depositary Receipt
GDR      Global Depositary Receipt
See Notes to Financial Statements.

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Item 2. Controls and Procedures.
(a) The Registrant’s principal executive and principal financial officers have concluded that the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c)) are effective, as of a date within 90 days of the filing date of this Form N-Q based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)).
(b) There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the Registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting.
Item 3. Exhibits.
The certifications required by Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) are attached hereto.

 

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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.
SCOTTISH WIDOW INVESTMENT PARTNERSHIP TRUST
         
By:
  /s/ John Brett    
 
       
 
  John Brett    
 
  President (principal executive officer)    
 
        
Date:
  February 7, 2008    
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:
  /s/ John Brett    
 
       
 
  John Brett    
 
  President (principal executive officer)    
 
        
Date:
  February 7, 2008    
 
        
By:
  /s/ Arun Sarwal    
 
       
 
  Arun Sarwal    
 
  Treasurer (principal financial and accounting officer)    
 
        
Date:
  February 4, 2008