N-Q 1 ipait.htm

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM N-Q

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

 

REGISTRATION NO.

811-07696

IOWA PUBLIC AGENCY INVESTMENT TRUST

(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)

c/o Investors Management Group

1415 28th STREET, SUITE 200

WEST DES MOINES, IOWA 50266

(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)

 

Elizabeth Grob, Esq.

Ahlers & Cooney, P.C.

100 Court Avenue, Suite 600, Des Moines, Iowa 50309

(NAME AND ADDRESS OF AGENT FOR SERVICE)

COPIES OF ALL COMMUNICATIONS TO:

 

Vera Lichtenberger, Esq.

JOHN C. MILES, ESQ.

IOWA PUBLIC AGENCY INVESTMENT TRUST

DONALD F. BURT, ESQ.

1415 28th STREET, SUITE 200

CLINE, WILLIAMS, WRIGHT, JOHNSON &

WEST DES MOINES, IOWA 50266

OLDFATHER

 

1900 U.S. BANK BUILDING, 233 S. 13TH STREET

 

LINCOLN, NEBRASKA 68508
 

REGISTRANT’S TELEPHONE NUMBER, INCLUDING AREA CODE: (515) 244-5426

 

DATE OF FISCAL YEAR END: 06/30

DATE OF REPORTING PERIOD: 09/30/2008

 

ITEM 1. SCHEDULE OF PORTFOLIO HOLDINGS

 

Iowa Public Agency Investment Trust Diversified

 

9/30/2008

 

 

 

 

 

 

 

 

 

Principal

 

 

Description

Amortized Cost

 

 

 

 

 

Govt & Agency Sec

 

 

 

5,000,000

 

 

FFCB Variable

5,008,149.65

 

 

Var Due 02/11/10

 

 

 

31331SPG2

 

1,000,000

 

 

FHLB

1,001,945.18

 

 

5.545% Due 11/25/08

 

 

 

3133M6RS9

 

3,100,000

 

 

FHLB

3,136,345.20

 

 

5.750% Due 02/13/09

 

 

 

3133MMYQ0

 

1,000,000

 

 

FHLB

1,002,026.60

 

 

4.000% Due 11/28/08

 

 

 

3133X2CX1

 

5,000,000

 

 

FHLB

5,000,604.60

 

 

4.375% Due 10/03/08

 

 

 

3133XDBY6

 

6,000,000

 

 

FHLB

6,004,881.96

 

 

4.500% Due 10/14/08

 

 

 

3133XDJG7

 

1,000,000

 

 

FHLB

1,001,180.84

 

 

4.750% Due 12/12/08

 

 

 

3133XDT76

 

5,000,000

 

 

FHLB

5,048,925.04

 

 

4.750% Due 03/13/09

 

 

 

3133XEN96

 

3,000,000

 

 

FHLB

3,038,273.20

 

 

5.250% Due 03/13/09

 

 

 

3133XFEQ5

 

5,000,000

 

 

FHLB

5,002,589.80

 

 

4.625% Due 10/10/08

 

 

 

3133XMN23

 

4,000,000

 

 

FHLB

3,999,975.37

 

 

4.125% Due 12/12/08

 

 

 

3133XNQD4

 

4,000,000

 

 

FHLB

4,005,189.98

 

 

4.125% Due 01/07/09

 

 

 

3133XNT74

 

6,000,000

 

 

FHLB

5,999,616.00

 

 

2.260% Due 03/25/09

 

 

 

3133XQEN8

 

3,000,000

 

 

FHLB

2,998,143.12

 

 

2.320% Due 04/28/09

 

 

 

3133XQTN2

 

7,000,000

 

 

FHLB

7,007,430.22

 

 

2.600% Due 05/14/09

 

 

 

3133XR3B4

 

 

4,000,000

 

 

FHLB

3,996,155.16

 

 

2.500% Due 05/28/09

 

 

 

3133XRDY3

 

17,000,000

 

 

FHLB DN

16,999,126.38

 

 

0.000% Due 10/02/08

 

 

 

313384J26

 

17,000,000

 

 

FHLB DN

16,998,347.23

 

 

0.000% Due 10/03/08

 

 

 

313384J34

 

22,000,000

 

 

FHLB DN

21,992,033.35

 

 

0.000% Due 10/07/08

 

 

 

313384J75

 

17,000,000

 

 

FHLB DN

16,985,512.20

 

 

0.000% Due 10/14/08

 

 

 

313384K65

 

12,000,000

 

 

FHLB DN

11,986,453.53

 

 

0.000% Due 10/17/08

 

 

 

313384K99

 

5,000,000

 

 

FHLMC

4,997,690.84

 

 

2.900% Due 06/12/09

 

 

 

3128X7C44

 

10,000,000

 

 

FHLMC

9,991,747.12

 

 

2.265% Due 04/14/09

 

 

 

3128X7JW5

 

6,000,000

 

 

FHLMC

5,982,176.80

 

 

2.500% Due 04/21/09

 

 

 

3128X7LH5

 

1,150,000

 

 

FHLMC

1,147,407.37

 

 

2.500% Due 05/13/09

 

 

 

3128X7QQ0

 

3,000,000

 

 

FHLMC

3,012,895.14

 

 

4.625% Due 12/19/08

 

 

 

3134A4VH4

 

5,000,000

 

 

FHLMC

5,038,882.76

 

 

4.875% Due 02/17/09

 

 

 

3137EAAA7

 

10,000,000

 

 

FHLMC DN

9,961,194.56

 

 

0.000% Due 11/25/08

 

 

 

313396Q89

 

5,000,000

 

 

FHLMC DN

4,974,166.29

 

 

0.000% Due 12/15/08

 

 

 

313396T45

 

4,000,000

 

 

FNMA

4,101,045.68

 

 

6.375% Due 06/15/09

 

 

 

31359MEV1

 

5,000,000

 

 

PEFCO

5,011,716.32

 

 

3.375% Due 02/15/09

 

 

 

742651CZ3

 

202,250,000

 

 

TOTAL

202,431,827.49

 

 

 

 

 

 

 

 

 

 

 

Repurchase Agreement

 

 

 

81,411,000

 

 

IPAIT Banc America

81,411,000.00

 

 

1.3% due 10/ 1/08

 

97,000,000

 

 

IPAIT Barclays Repo

97,000,000.00

 

 

1.75% due 10/ 1/08

 

178,411,000

 

 

TOTAL

178,411,000.00

 

 

 

 

 

Short-Term Invest

 

 

 

1,000,000

 

 

American Bank-LeMars

1,000,000.00

 

 

2.800% Due 05/07/09

 

 

 

CD9989657

 

1,000,000

 

 

American Bank-LeMars

1,000,000.00

 

 

4.290% Due 12/22/08

 

 

 

CD0002054

 

1,000,000

 

 

American State Bk-SC

1,000,000.00

 

 

2.700% Due 12/18/08

 

 

 

CD9991828

 

1,000,000

 

 

Bank of the West CD

1,000,000.00

 

 

4.300% Due 12/19/08

 

 

 

CD9986885

 

1,000,000

 

 

DeWitt Bank & Trust

1,000,000.00

 

 

2.600% Due 11/17/08

 

 

 

CD9991810

 

1,000,000

 

 

DeWitt Bank & Trust

1,000,000.00

 

 

2.650% Due 12/18/08

 

 

 

CD9991802

 

900,000

 

 

First St-Ida Grove

900,000.00

 

 

2.620% Due 11/18/08

 

 

 

CD9989913

 

1,000,000

 

 

Peoples Bk-Hawarden

1,000,000.00

 

 

3.060% Due 01/26/09

 

 

 

CD9991356

 

1,000,000

 

 

St Ansgar State Bank

1,000,000.00

 

 

3.070% Due 03/08/09

 

 

 

CD9991687

 

2,000,000

 

 

U.S. Bank CD

2,000,000.00

 

 

4.248% Due 12/19/08

 

 

 

CD9986919

 

10,900,000

 

 

TOTAL

10,900,000.00

 

 

 

 

 

391,561,000

 

 

TOTAL PORTFOLIO

391,742,827.49

 

 

 

 

Iowa Public Agency Investment Trust

 

 

Direct Government Obligation

 

 

9/30/2008

 

 

 

 

 

 

 

 

 

Principal

 

 

Description

Amortized Cost

 

 

 

 

 

Govt & Agency Sec

 

 

 

500,000

 

 

PEFCO

501,171.80

 

 

3.375% Due 02/15/09

 

 

 

742651CZ3

 

 

400,000

 

 

U.S. Treasury Bill

398,342.12

 

 

0.000% Due 12/11/08

 

 

 

912795J28

 

 

500,000

 

 

U.S. Treasury Note

500,296.96

 

 

3.375% Due 12/15/08

 

 

 

912828BT6

 

 

300,000

 

 

U.S. Treasury Note

300,874.70

 

 

2.625% Due 03/15/09

 

 

 

912828CC2

 

 

500,000

 

 

U.S. Treasury Note

502,531.59

 

 

3.125% Due 04/15/09

 

 

 

912828CE8

 

 

700,000

 

 

U.S. Treasury Note

700,901.40

 

 

4.375% Due 11/15/08

 

 

 

912828EL0

 

 

700,000

 

 

U.S. Treasury Note

706,880.03

 

 

4.500% Due 02/15/09

 

 

 

912828EV8

 

 

300,000

 

 

U.S. Treasury Note

300,665.67

 

 

4.875% Due 10/31/08

 

 

 

912828FV7

 

 

500,000

 

 

U.S. Treasury Note

503,242.07

 

 

4.875% Due 01/31/09

 

 

 

912828GE4

 

 

600,000

 

 

U.S. Treasury Note

607,654.82

 

 

4.500% Due 03/31/09

 

 

 

912828GL8

 

 

900,000

 

 

U.S. Treasury Note

912,753.46

 

 

4.500% Due 04/30/09

 

 

 

912828GP9

 

 

600,000

 

 

U.S. Treasury Note

610,985.16

 

 

4.875% Due 05/31/09

 

 

 

912828GT1

 

 

300,000

 

 

U.S. Treasury Note

305,869.78

 

 

4.875% Due 06/30/09

 

 

 

912828GV6

 

 

500,000

 

 

U.S. Treasury Note

510,718.38

4.625% Due 07/31/09

912828GY0

7,300,000

 

TOTAL

7,362,887.94
 
 

 

 

 

 

 

 

 

 

 

 

Repurchase Agreement

 

 

 

9,950,000

 

 

IPAIT DGO Banc Amer

9,950,000.00

 

 

0.05% due 10/ 1/08

 

13,000,000

 

 

IPAIT DGO Barclays

13,000,000.00

 

 

0.2% due 10/ 1/08

 

22,950,000

 

 

TOTAL

22,950,000.00

 

 

 

 

 

30,250,000

 

 

TOTAL PORTFOLIO

30,312,887.94

 

 

 

ITEM 2. CONTROLS AND PROCEDURES.

 

(A) THE PRINCIPAL EXECUTIVE AND FINANCIAL OFFICERS CONCLUDED THAT THE REGISTRANT'S DISCLOSURE CONTROLS AND PROCEDURES ARE EFFECTIVE BASED ON THEIR EVALUATION OF THE DISCLOSURE CONTROLS AND PROCEDURES AS OF NOVEMBER 12, 2008, A DATE WITHIN 90 DAYS OF THE FILING DATE OF THIS REPORT.

 

(B) THERE WERE NO SIGNIFICANT CHANGES IN REGISTRANT'S INTERNAL CONTROL OVER FINANCIAL REPORTING 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.

 

(A) CERTIFICATIONS FROM THE CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER ARE ATTACHED AS EXHIBIT A.

 

 

SIGNATURES

Pursuant to the requirements of the Securities 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.

IOWA PUBLIC AGENCY INVESTMENT TRUST

By

Tom Hanafan, Chair and Trustee

Date: November 12, 2008 

Pursuant to the requirements of 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.

Signature and Title


Jeff Lorenzen, Chief Executive Officer, November 12, 2008 

 


Amy Mitchell, Chief Financial Officer, November 12, 2008