Government & Corporate Bond Funds
Government & Corporate Bond Funds
Government & Corporate Bond Funds
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Nations Master Investment Trust<br />
Statements of operations (unaudited)<br />
For the six months ended September 30, 2002<br />
Intermediate High Yield<br />
<strong>Bond</strong> <strong>Bond</strong><br />
Master Master<br />
Portfolio Portfolio<br />
(In thousands)<br />
Investment income:<br />
Interest *************************************************************************** $ 10,674 $ 18,871<br />
Dividends (Net of foreign withholding taxes of $0 and $0)********************************* — 416<br />
Dividend income from affiliated funds************************************************** 365 303<br />
Securities lending ****************************************************************** 60 65<br />
Total investment income ********************************************************* 11,099 19,655<br />
Expenses:<br />
Investment advisory fee ************************************************************* 1,026 1,045<br />
Administration fee****************************************************************** 128 95<br />
Custodian fees ********************************************************************* 13 11<br />
Legal and audit fees **************************************************************** 15 17<br />
Trustees’ fees and expenses ********************************************************** 7 7<br />
Interest expense ******************************************************************** —* —<br />
Other **************************************************************************** 2 10<br />
Total expenses ***************************************************************** 1,191 1,185<br />
Fees reduced by credits allowed by the custodian***************************************** (1) (1)<br />
Net expenses ****************************************************************** 1,190 1,184<br />
Net investment income ************************************************************* 9,909 18,471<br />
Net realized and unrealized gain/(loss) on investments:<br />
Net realized gain/(loss) from:<br />
Security transactions ************************************************************** 1,900 (1,577)<br />
Futures ************************************************************************* 6,648 —<br />
Forward foreign exchange contracts, foreign currencies and other net assets ***************** — (186)<br />
Net realized gain/(loss) on investments ************************************************* 8,548 (1,763)<br />
Change in unrealized appreciation/(depreciation) of:<br />
Securities *********************************************************************** 22,786 (55,533)<br />
Futures ************************************************************************* 3,673 —<br />
Swap Contracts ****************************************************************** (26) —<br />
Forward foreign exchange contracts, foreign currencies and other net assets ***************** — (15)<br />
Net change in unrealized appreciation/(depreciation) of investments************************** 26,433 (55,548)<br />
Net realized and unrealized gain/(loss) on investments ************************************ 34,981 (57,311)<br />
Net increase/(decrease) in net assets resulting from operations *************************** $ 44,890 $ (38,840)<br />
* Amount represents less than $500.<br />
90<br />
See notes to financial statements.
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