Gl-10 - Laborers Local 190 Pension Account Statement 1003

Wright Investment Management Account Final StatEment for tne period ending oaooer 31, 2006

INVESTORS 'SERVICE

Constrocton & General taborers' Local unon 190 Pension Fund -Term 10/03 · w066485 First NJagara Bank.

Construction & General Laborers' Local Union 190 Pension Fund-T Dominic Gerace Fund Administrator PO Box 339 668 Wemple Rd. Glen mont, NY 12077-0339

Investment Results

B€glnrllng Market Value

Year-to-Date

Cumulative

( 10/ L- 10/31)

(tIl' 10/]1)

since 5/14/03

$29,856,330.94

$29,132,652.38

$30,194,098.51

$12,806.25

$12,806.25

$28.295.98

oeoosns vVlthdrawals

QuestiOns concerning your Account ? Contact your service representalive at (80 0) 232-0013

Quarter End

••

$(29,897,9 19.72)

$(29,897,9 19.72)

$(32,386.434.87)

$(327,392.70)

$(609,668.56)

$( 2,268,270.00)

••

GOVEf; NME. r 801l DS CORPORt. I E 6O :1DS CASH & CASH EOUlV,\ LENI .AGENe, .5 CASH R6't:tltV .-lD~ ~ FHLMC r j ~ MA

Ttll.) f

et Gain (Loss)

S387,322.16

$1,393,276.58

$4,463,457.31

Net I nvestment Gain (Loss)

$59.929.46

$783,608.02

$2,195, 187.31

Ending Market Value

$31,146.93

$3U46.93

$31.146.93

Net I ncome

Current Holdings Summary

CASH

& CASH EQUIVALENTS Cash Account C: ~ T r'1 ;1l l u __ _ _ .... . . 1

al" · · r... r:r-\ __ •j • ..IT. ~

C ., . ,1 .... ..~ -:Z _ ....

CASH

Shares

Cost

Market Value

$9,096.15 $0.00 4" 0 .. ...

,

f"'I oc.

y~v .

t C

_ ...

$9,096.15 $0.00 rvva

'-' I"i 1 ., J , v ....v . ..

C'

oJ

Percent Holdings 29.20 % 0.00 % ~ ~ . 2C n~

Indicated Income

Yield

$412.10 $0.00

.. ~

~

."u

.. · "1 .l. L. . ...

4.5 0/0 0.0 % ,

~

..,. oJ

.. .

~u

RECEIVABLES From Delayed In terest Payment

$22,050.78 $3,542.72

$22,050.78 $3,542.72

70.80 % t1.37 %

$0.00 $0.00

0,0

From Delaye
$18,508.06

$18,508.06

59.42 %

$0,00

0.0 %

$31,146.93

$31,146.93

TOTAL FUNDS

$412.06

0.0 %

1.3 %

GOVERNMENT EXHIBIT Copies: Constru ction & General laborers' Local Union 190 PenSion Fund·Term 10/ 03 • Damien K. Lee

Wright In vestors' service , 440 Wheelers Farms Road, Milford,

cr 06460· 1847 (800 ) 232·0013

GL-IO

0/0

Wnght Investm ent Management Account Fina/ Statement for the period end ing October 31, 2006 Construct ion & Gener al Labo rers' Local Umon 190 Pension Fund-Term 10/03· w066485 Fir!t Niagara Bank

Sales & Other Realized Gains & Losses Pur Date

Shares

Sale Date

Proceeds

Cost

SIT Gain (Loss)

L/T Gain (Loss)

SALES FIXED INCOME

AGENOES

sr 1,138,055.83)

$56,971,982.94 $7,281,437.60

$ 5 5,900,108.68

$460,454.30

$458,865.70

$( 1,588,60)

$303.58 . .25

$3 LO,016.70

$6,435.45

$651,981. 00

$674,869.80

$22,88 8.80

$467,307.20 t6 88,9 16.80

$463, 170. 15 $690,210.95

$(4,137.05)

$46 ,468.90

$457,192.50

$(12,276. 0)

$907,925.20

5877,904.30

$(30,020.90 )

$893,867.19 $511,6 15.63

$877,572.50 $531,558.20

$78,092 .30 $264,312.40

$69.738.37 5252,00 1.20

$48,438.90

S51,545.70

$1,042,031.33

$1,045,000.00

$390,551.00 $5,512.55 597,331.65 $14,691,495.43

$369,250.00 :;;5,275.00 $100,225.00 S14,0 12,262.80

$225,338.75

$199,920.00

$7,234,396.07

$66,181.57 $49,353 .19

$(96,394.72)

FHLB 4.000 % f'latunty Date: 3/10/08 4/ 28/ 2006

7/2 1/2006

470.0 00.000

FHLB

4.500 % Mat urity Date . 9/LO/l0 7/ 18/ 2006

10/2/ 2006

315,000.000

FHLB

5.3 75 % Maturity Date : 6!l4/L3 7/7/2006

LO/ 2/ 2006

660,000.000

FHL1-1C

3.030 % 1-1aturlty Dale : G/ ll/0 8 7/ 29/ 2005 7/ 29/ 2005

7/21/ 2006 LO/ 2/ 2006

485,000.000 715,000.000

$1,294. 15

FHLMC

3.250 % t-1 at urily Dale: 1 1/2/07 iO/2 7/ 2004

70,000.000

5/ 1/ 2006

FNMA

3.87 5 % Maturity Dale : 11/17/08 11/ 13/ 2003 7/21/2006

910,000.000

FNMA

5.000 % 1'1aturlty Dale: 4/15/15 8/9/20 05 7/ 111 2006

10/2/2005 10/2/2 006

875,000.000 530,000.000

$( 16,294.69)

$19,942.57

FNMA

6.2 50 % Maturity Dale: 5/15/29 5/28 12003 7/ 11/ 2006 5/ 28/ 2003 10/ 2/ 2006 11/ 13/ 2003 10/2/ 2006

65,000.000 220,000.000 45,000.000

$(8,353.93) $(12,3 11. 0) ~3,1 0 6 . 8 0

FN1-1A Discount 0.000 % Maturity Date: 6/22/06

5/3 1/2 006 6/ 22/ 2006

1,04 5,000.000

$2,968.67

Tennessee Valley Auth

6 .00 0 % Maturity Da le : 3/15/13

9/24/2003 10/ 2/ 2006 11/ 13/2003 10/ 2/ 2006 7/7/ 2006 10/ 2/2006

350,000.000 5,000.000 95,000.000

CORPORATE BONDS

$(21,301.00) $(237.55) ~ 2 , 84 3 . 3 S

$33,015.95

$(712,248.58)

A T & T Broadband

8.375 % Maturity Date: 3/15/13 6/1 2/2003

10 2/ 2006

175,000.000

$(25,4 18.75)

American Electnc Power

5.250 % f'
- 2-

11111111111111111111111111111111 11111111111 11111111111III1111111111 11111111111111111111111 1 ' 1 ,) · Ii "] It

;:' ~ M.l

w right Investment Management Account Fina/ Stat ement for the perod ending oaooer 31, 2006 Con truct ion & Genera l taborers' LOGlI Union 190 Pension Fund-Term 10/03 - w065485 Fir!1 Niagara Ban k

Sales & Other Realized Gains & Losses (cont.) Pur Date

sale Date

Shares

Proceeds

Cost

SIT Gain (Loss) '£(1,575.95)

LfT Gain (Loss)

215,000.000 2/ 10/ 2006 10/2/ 2006 Amgen Inc 6.500 % Ma turity Date : 12/ 1/07

$211,233. 20

$209,657.25

100,000.000 8/2 0/ 2003 10/2/ 2006 AT s T Wireles 7.8 75 % Maturity Dale : 3/ 1/11

$ 111,620.00

·~ 1 0 t.3 73 ,0 0

~ ( 1 0 , 24 7 .

6/l 1/20 03 10/ 2/2006 185,000.000 !\utOl one Inc 4.375 % Ma turity Date: 6/1/13

S223,727.90

'$202,932.05

$(20,795.85)

205,000.0 00

$181, 449.60

$187,212. 15

420,000.000 12/ 3/ 2003 2/28 /2006 Boeing Capital Corp 7.3 75 % Maturity Da te : 9/27/1 0

$425,506.20

$423,561.50

$( 1,9+ 1.60)

355,000.000 6/1 8/ 2003 9/5 /2006 BP Capital I'larl<ets PLC 2.7 50 % l'1atunty Dale : 12/29/06

$4 19,567.40

$381,316.15

$(3 ,251.25)

11/ 3/ 2003 1/ 27/ 2006 555,000.000 Bntlsn Telecom PLC 8.625% 8.875 % Ma turity Date : 12/ 15/3 0

$553,040.85

~ 544,954 . 50

$(a.o 86.35)

6/ 16/ 2003 10/2/2006 155,000.000 Cendant Corp 6.250 % Maturlly Date: 1/15/08

5222,917.90

; 207.355.90

S 5,562.00

11/ 19/ 2003 7/ 27/ 2006 190,000.000 Centex Corp 7.8 75 % f'laturity Date: 2/1/11

$207,848.6

$191,575. 10

$( 16,273.50)

$220,825.80

$194,243.40

$(26.582.40)

3/7/ 2006 1012/ 2006 430,000,000 t>roup Inc 7.7 50 % 1'1aturItY Date : 4/211 2

$427,19 2.10

$434,527.90

1/ 13/2004 10/2/ 2006 380,000.000 Countrvvade Home Loan 5.500 % Maturity Dale : 8 / 1/ 06

$456,581.40

$";22,256.00

;;(34.325.40)

9/ 22/ 2003 S/ 1/2006 190,000.000 Countrywide Home Loan 6.250 % Maturity Date : 4/ 15/09

$203, 735.10

$190,000.00

'$( 13,735.10)

8/8 / 2006 10/ 2/ 2006 335,000.000 Dannlerchrvsler 7.200 % Ma turity Date : 9/1/09

$340,909.40

$343,224.25

$201,061 70

S192,794,05

6/ 12/ 2006 10/ 2/ 2006 Bear Stea rns Co Fit rete

s. : i 'j

~t, :·~ (jt u i ity

6/ 10/200 3

c a za .

10/2/2006

,...,

0)

$5,7 62.55

' ""\ ~ . ,,..,

:l 1 L-I / V /

180,000.000

osco Systems Inc 5.500 % 1'1 a tunty Date : 2/ 22/ 16 L1

8/ 13/ 2003 10/ 2/2006

185,000.000

$7,335. 0

$2,3 14.85

$(8,267.65)

Deu he Tel Fin 8% 8.00 0 % MatUrity Date: 6/15/10

-3l l ' l nti ',

U ~\ A \'

Wright Investm ent Management Account Filla/ State ment ror tne period endoa october 31,2006 Constr uctio n & Ge ne ra l Labore rs' Loca l Union 190 Pension Fund ·Te rm 10/03· 1'1066485 Fir5t Niaga ra Bank

Sales & Other Realized Gains & Losses (cont.) Pur Date

Sate Date

Shares

Cost

Proceeds

SIT Gain

LIT Gain

(loss)

(loss)

175,000.000 6/16/2 003 10/ 212006 Dominion Resources I c 6.3 00 % f-l a t unl y Date: 3/ 15/3 3

5220,165.75

$190,982.75

$(29, 183.00)

6/ 16/2003 10/ 2/2006 195,000.000 Duke Ca pta 7.5 00 % f\laturity Date : 10/ 1/0 9

'$222,.493.05

$ 198,533.40

$(23,959 .65)

6/ 11I2003 10/2 2006 95,000. 000 First Union Corp 6.400 % Haturily Date : 4/ 1/08

$221 ,794.95

'5206,598.60

$(15, 196.35)

8/ 20/ 2003 2Jl 5/200 6 185.000.000 France Telecom Fit Rate 7.750 10 MaLUr!tY Udte . 3 / 1/ 1

$202,9S9.40

S1 89,64 1.65

$( 13,347.75)

6/ 16/20 03 10/2 /2006 170,000 .000 Fund American Cos IncNffil 5.8 75 % f\la turity Date : 5/ l5/ 13

$218,869.90

'51 85,398.20

$(32,.171.70)

6 18/ 2003 10: 2/ 2006 200,000 .000 Ge ne ral Bee Cap Corp 5.8 75 % 1'1a tur ity Date : 2/ 15/ l 2

5214,584.00

$ 198,206.00

$( 16,378.00 )

5/3. / 2006 10/2/200 "90,000.000 Ge n ral Elec Cap Corp 6. 125 % f'.latunty Date: 2/ 22/ 1 1

$497 ,0 16. 0

s

10115/200 3 6/5/2 06 440,000.000 Goldma n Sachs Grp Inc 5.3 50 % Maturity Date : l il5/1 6

$4 / 5,925.00

$45 1,382.80

1/ 25/ 2005 10/ 2/2006 25,000 .000 Goldman secns Grp Inc 6.6 00 % f-l a turlty Date : 1/ 15/ 12

$42 1,2 13.25

$419.126.50

10/30/ 2003 1/ 3 1/ 2006 365,000.000 Heinz, (H.J.) CO 6.0 00 % Ma t urity Da te : 3/15/12

$404, 78 1.35

$389,68 1.30

11/ 30/ 2005 6/15 /2 006 205,000.0 00 Honeywe ll nc 7.0 00 % Maturity Date: 3/ 15/ 0 7

$212,535,80

$205.086. 10

8/ 20/ 2003 10/2/ 2006 340,000.000 Ho pira Inc 4.9 50 % f'.la turity Da le : 6/15/09

$383, 52.00

$342.3 25.60

7/ 2 1 2006 10/2/ 2006 175,000. 00 House hold Fina nce Corp 4 .1 25 % 1'1a tunt y Da te : 11/ 16/09

$171,400.2 5

$ 170,579.50

/ 21/200 10/ 2/ 2006 465 , 00 .000 Inti lease Fina nce Corp 5.8 75 % Ha turity Da te : 5/1/13

$442,024.3

$452.282.25

5/26/200 5 to / 2/ 2006 400,000.000 JP Morga n Chase & Co 5. 1SO % Ma turity Date: 10/1/15

$'121.856 .00

$4 10,368.00

7,21 .7

S10, 196.90

$(24,543.20 )

$(2, 086.75 )

$0 5. 100.05)

$(7,449.70 )

$(41,126.40 )

S( 20 .75 )

$10,257.90

$( 11,488.00)

.4I ' l l 06 1 , -I.' .\1M .1

Wright Investm ent Management Account Fina/ Statement for th e penod endmg October 3 1, 2006 Con stru ct ion & General laborers' Loca l Unio n 190 Pension Fund -Term 10/03 - w056485 Fir g: Niagara Bank

Sales & Other Realized Gains & Losses (cent.) Sale Date

Pur Date

Shares

Proceeds

Cost

SIT Gain (Loss)

L{f Gain (LOSS)

12/7/2 005 10/2/2006 435, 00.000 Lowes Cornoarue 8.250 % MilLurl1.y Date : 6/ 1/ 0

$425,882.4 0

$425,664.90

100,000.000

$ 119,970.00

$109,371.00

s 10,599.00)

~ 4 2 8 , 4 S4 . 00

-:;394,412.<10

$(34,O-U .60)

$214,484.00

:'214,991. '1 0

$507.40

$348,328.80

:5357, 120.00

$8,791.20

$424,3 16. 15

S383,3 74.10

$(40,942 .05)

$206,193.70

$ 190,767.60

~ ( 1 5,426.10)

$265,987.50

$238,371.95

H27,6 5.55 )

$224 ,41 5.55

$206,287.40

$( 18,128. • 5)

$210,020.85

$199,824.3

S(IO, 196.55)

'5429,050.13

~43 0 , 946.00

$228, 194 .55

~ 2P , S 3 2 . 70

S(l O,66l. S5)

$410,300 .40

S38 1,89 1.80

S(28,408.60

$180,206. 10

$164, 602.25

H 15,603.85)

$221,079.90

$ 195.744.80

$(25,335. 10)

8121/2003

7/25/2 006

$(217,50)

Nat! Rural Uti! 7 25 % Mat urity Date: 3/ 1/1 2

1/ 13/200 4

101212006

360,000.000

Oneok Inc 55 10 % Mat uril.y Date : 2/1 6/0 8

8,9/2006

1012/2006

215,000.000

Oracle Corp

:;.CCO

~~" ~ ~ ~t :';~::" i

7/7 / 2006

e c tc:

1012/2006

~ / ~ 5/ 1 ~

360,000.000

Phillips Pete

6.6 50 % 1/13/2004

r- aLunty Date ' 7,1 2/2 006

7/15/18 365,000 .000

PL Electric Util

5,8 75 % r'latunty Date: 8/15/0 7 7/22/ 2003

10/2,2006

190,000.000

Royal Bank or Scotland 7,6 48 % Ivl at urity Da te: 8/3 1/4 9

5/2 7:2003

1012/2006

205,000.000

Safe-.'Iay Inc

5.800 % Mal urity Date : 8/ 15/ 12 6/ 11/ 2003

10/2/2006

205,000.000

Sempra Energy 6.0 00 % Ivla tunty Date: 2/ 1/13

11/4/ 2004

10/212006

195,000.000

SL1'1 Corp Fil rate 5.68 5 % f.1atur lty Da te: 1/ 26/0 9

8/3 1/2004

8/14/ 2006

430, 000.000

SI ,895 .87

::;pnnt Cap Corp 6. 125 % H atu ril.y Da te : 1 1/1 5/ 08

5/29 /2003

8/1412006

2 15,000.000

Target Corp

6.35 0 % Mat urIty Dale : 1/I S/l l 121312003

7/26/ 006

370,000.000

TJX Companies Inc 7.450 % Mat urity Da te: 12/ 15/ 09

B/2 / 2003

101212006

155,000.000

Transocean Inc 7,500 % Maturity Da te: 4/ 15/] I

5/1 0/2003 9/ 1l/2006

170,000.000

US Bancorp

5.100 % Mat ur ity Date : 7/ 15/0 7

-5-

Wright Investment Management Account Fina/ Statement for the perio d endlll() October J l , 2006 Con t ruction & General Laborers' Local Union 190 Pension Fund-Term 10/ 03 - w06 6485 First Niagara Bank

Sales & Other Realized Gains & Losses (cont .) Pur Date

0/23 /2003

sale Date

3/ 10/2006

Shares

350,000.000

Proceeds

Cost

SIT Gain (Loss)

L{T Gain (Loss)

$373.348.50

$349,748.00

$(23,600.50)

$ 4 ~ , 4 33 . 1 5

$397 .484.85

$(6,948.30)

$213,17 1.00 $1 ,096,122 .13

$208,817.70 $1,069,326.28

venzon Global 7.7 50 % Matu rity Date : 12/ 1/ 30

10/ 2 / 2003

1 /2/ 2006

345,000.000

Wyeth

5.5 00 % 1'1al urity Dale : 3 /1 5/ 13 12/ 16/ 2003 8/2 4/2006

210,000.000

FHLMC

~( 4 , 3 5 3 . 30 )

$(525.53)

$(26,270.32)

FHARM Pool :: 16129 1 Fit 4.4 00 % f" a t u r ~ y Date: 1 1/1/3 3

/ 23/ 2004

1/1 (2006

10,984.370

'$11,310.47

$10.984.37

$(326.10)

3/ 23/200 4 3/23 /20 04 3/23/200 4 3/ 2:> 2004 3/23 / 2004

2/ 1/ 2006 3/ 1/2006 .! 1/ 2006

S , -l9~ ..300

~ 5 , 6 56 . 3 5

-S 5, ~S :; . 3 U

t( : 5J.aC;

9.216 .950 8,709 .470

$9,490.58 S8,96S.03

$9,2 16.95 S8,709.4 7

$(273.63) $(258.56 )

9.080.900 18,422.820

$9.350. ' 9 $ 18,969.75 $4,460.1-1

$9,080.90 S18,422.82

/ 23r2004 3/23/ 2004

3/ 23/ 2004

511/ 2006 6/1/2006 7 1/ 2006 8/1 /2006 9{1/ 2006

4,331.550 6, 30 7.400 3, 11.940

3/23 /20 04 9/25/2006 291.521.870 FHARM Pool :nG0233 Fit 4.9 98 % ~l a t u rit.y Date: 5 /1/ 35 4/ 26/ 2005 4/ 26/2005

1/ 1/ 2006 2/ 112006

4/ 26/ 2005 4/ 26/ 2005 4/26/ 2005

4/ 112006

3/1 /2 006

$(26 .59 ) $(546.93 ) $( 128.59 )

$4,331. 55 $6,307.40 $3,4 11.94

'$6,494.65 $3,513.23 $300,176 .43

$( 187.25) $( 101.29 ) $( 13,027.40)

$287,149.03

7,3 14.630 23,9 17.020 14,79 1.0 10

$7,398.06

'$7,3 14.63

~ ( S 3.43 )

$24, 189.82

~ 2J , 9 1 7 . 0 2

$14,959.72

$ 14,791. 0 1

$(272.80) $(168.7 1)

52.000 25,698.040

$52.59 S25,99l.! 6 $31,722.89 $15,66 1.26

$52.00 $25,698.04 $31,365. 13 $ 15,484.6'1

$67.18 ·S15,26B.3 1

$66.42 $15,096. 12

$582,4 20.99 $3,431,900.69

$572, 433.54 $3,408,069.53

$949.33

27, 165.780

$26,798.62

18,7 53.090

518,499.63 $21,709.5'\ $932, 112.03

~27 , 165.78 $ _8,753.09

$367. 16 $253,46

$22,006.98

$297.44

~9 3 7. 5 00 . 8 2

$5,388.79

4/ 26/ 2005

5/1 / 2006 6/1 / 2006

4/ 26/ 2005 4/26/ 2005

7/1 / 2006 B/I / 2006

31,365. 130 15,484,640 66,420

4/ 26/ 2005

9/1 / 2006

15,096.120

4/ 26/ 2005 9/25/200 6

575,852.670

FNMA

5(0.59 ) $(293. 12) $(357.76) S( 176.62) $(0.76) $( 172. 19 )

$(9,987.45 ) S( 24,780.49)

FNCl Pool ;;8 10896 Fit .8 52 % 1\1at uflty Date: 1/ l/ 35

5/ 30/ 2006 5/ 30/2006

7/ 1/2006 8/ 1/ 2006

5/30/2 006 9/ 1/ 2006 22,006.980 944,882 .710 5/3 0/ 2006 9/25 /2006 F Cl poor ::86374 1 Fit 5.2 74 % "'lal urity Date : 12/ 1135 2/ 20/ 2005

1 1/ 2006

10.990

12/ 20/ 2005

2/ 1/2006

12/ 20/ 2.005

3/ 1/200 6

51.630 45.460

12/2 0/ 2005 12/ 20/2 005

'~ / 1I 2 0 06

5/ 1/200 6

74,068. 200 63. 170

12/20 /2005

6/ 1/20 06

44.94 0

$ 11.02 $5 1.76

$ 10.99

$(0.03)

$51.63

$(0. 13)

$45.57

$45.46

$(0.11 )

')74,247.58

$74,068.20 $63. 17

$( 179.33) '$(0.15)

$44.94

$(0.1 1)

$63.32 $45,05

.6'l 1J;fJ'l '1

u. ,1M ""

Wrigh I nvestm ent Management Account Filial Stalement for the period end ing Oa ooer 31, 2006 Con. tructio n & General Laborers' Local Union 190 Pensio n Fund -Term 10/03 - w066485 Fir~

Sales & Other Realized Gains & Losses Pur Date

Sale Date

Shares

Niagara Bank

(ccnt.)

Cost

Proceeds

7/ 1, 2006 12/ 20/ 2005 155.900 11,42 .8 10 12/ 20/ 2005 8/1/20 06 44, 129.230 12/ 20/ 2005 911/2006 1,270,005.670 12/ 20/2005 9/2 5/ 2006 FNMA Pool :: 70 1043 Fit 4 .0 40 % Maturity Da le: 4 / 1/33

$156.28 $11.4 52.48 $44,236.11 $1,273,081.47

$155.90 $ 11,424.81 $44, 129.23 $1,268,4 18.15

3/23 /20 04

1/ 1/ 2006

13,101.673

3/ 24/2004 3/ 23/ 2004 3/ 24/2004 3/23/2004

/1/2006 2/ 1/2006 2; 1/2006

1,819.677 5,327.807

$13,43 l.Z6 $1,867.16 $5,46 1.83

S13, 101.67 $1,819.68 $5,32 7.8 1

3/ 112006

739.973 84.951

$759.28 $87.09

$739.97 $84.95

3.'2<1,12004

3 /! : 2 ~ a 6

3/ 23/200 4 3/24/200 4

1. 7?9

sn .: ~

4/ 1/ 2006 4/1/ 2006 6/ 1/ 2006 6 ' 1/2006

0.334 0.046 18,097.051 2,513.479

$0.34 $0.05

3/23 /2004 7/1/2006 3/ 24/ 2004 7/ 1/ 2006 3/ 23/200 4 8/ 1/2006 3/ 24/ 2004 8/ 1/2006 3/23 /200 4 9/ 1/2006 3/24/2004 9/112006 3/ 23/2004 9/25;2006

11.643 1.617 16.262 2.259 15,213.503 2, 112.987 287,654.68 1

3/ 24/20 04 9/25 /2006

39,952.039

3/23/ 2004 3; 24/ 2004

~

SIT Gain

lfT Gain

(Loss)

(Loss)

$(0.38 ) $(27.67 ) $( 106.88) $(4,663.32)

$(329.59) $(47.48)

0 '"

$(134.02) $( 19.31) $(2.14) .... ...... -.

$0.33

$(0.01)

$0.05 $18,097.05 $2,513.48

$(455.25) $(65.59)

I

,

~

... . . . u ·...

$18,552.30 $2,579.07 $1 1.94

' \ '..I. oJ

$11.64 $1.62 $16.26 $2.26 $15,213.50 $2,112.99 $283.339.86 $39,352.76

$1.66 $16.67 $2.32 $15,596.22 $2,168. 12 $294,89 1.00 $40,994 .54

.. ...

J

HO.30) $' 0.04) $(0.41) $(0.06) $(382.72) S(55. 13) S(lI, 55 Ll4) $( 1,64 1.78)

FNMA Pool #809324 Fit 4.8 22 % Mat urity Da le: 2/ 1/3 5

3/ 7/ 2005 / 7/ 2005 3/7 /2005 3/7/ 2005

1/1/ 2006 21112006 3/ 1/ 2006 4/ 1/ 2006 5/ 1/ 2006 6/ 1/2006

3/ 7/ 2005 3/ 7/ 2005 :'/7; 2005 i / l / ;:li06 3/ 7/ 2005 8/ 1/2006 3/ 7/ 2005 9 1/ 2006 3/7/2005 9/ 25/ 2006

18,734.270 2,087.010 13,986.900 20,829.880 15,217.! 70 18,898.780 "'.b-u. 20u 12,497.620 11,115.450 507,925. 120

GOVERNMENT BONDS U.S. Treasury Bonds 6.125 % t-lat ur!ty Dale:

$18,938. ' 4 $2, 109.76 $ 14,139. -I $21,056.89 $ 15,383.0 1 $19, 104.75 $ 4 ,!jg ) .::to

$12,633.82 $11,236.59 $513,460.71 $30,471,027.09

$18,734 .27 $2,087.0 1 S13,986.90 $20,829.88 $ 15,2 17.17 $18,898.78 $'l ,84 1.2U $ 12,497.62 $ 11, 115.45 $504.274 .42 $30,176,054.00

$(204.17) $(22.75) $( 152.44 )

$(

16,611.37)

$(227.01) $( 165.84) $(205.97) $(52.76) $( 136.20) $( 121.14 ) 5(9,186.29 ) $(278,361.72)

I 1/1 5/ 27

5/27/2003

8/ 31/ 2006

320,000.000

5/27 /2 003 7/ 29/ 2003 7/3 0/ 2003 6/24/2005 7/6/ 2006 8/14 /2006 9/6/ 2006

10/2 /20 06 10/ 2/ 2006 10/ 2/ 2006 10/2/ 2006

685,000.000 210,000.000 115,000.000 125,000.000

$231,72 1.88 $127.362.50 $157,773.44

10/ 2/2006 10/2/ 2006 10/2/ 2006

65,000.000 300,000.000 170,000.000

$335,906.25 $19<1 ,596 .88

$403, 100.00 $862,885.94

5366, 800.00 $802,841. 41 $246,126.56 $134,783.59 $146,503.9 1 $76,182.03 $351,609.38 $199,245.31

$71,477. 15

$(36.300.00) $(60,044.53) $14,404.68 $7,4 21.09 'S ( 11,269.53) $4,704.88 $15,703.13 $4,648,43

-71 I 1 1 r, t\ (1 1 ~ .t ;\.t

Wright Inve stment Management Account FJiJa/ Stat ement f or tile period end ing October 31, 2006 Construct io n & General Laborer ' Local Union 190 Pension Fund-Term 10/03 - w06 6485 First Niagara Bank

Sales & Other Realized Gains & Losses (cont.) Pur Date

Sale Date

Shares

Cost

Proceeds

SIT Gain

LIT Gain (loss)

(Loss)

U.S. Treasury Bonds 7.2 50 % rvlatu rltY Date : 5/ 15/ 16

1/5/2006 1/5/ 2006

20,000.000 80,000 .000

1/3 1/ 2006 1/3 1/2006 2/ 15/200 6 5/ 7(2004 2/ 15(2006 5/ 7/ 2004 3/10 /200 6 3/ 4/ 2005 4/ 28/ 2006 3/4/ 2005 7/ 13/200 5

20,000.000 10,000.000 220,000.000

5/27/2003 7/ 30/2003

7/ 30/ 2003 12/9/200 3 12/9/ 2003

3 /'1/2~~ 5

S/ ~ /2005

3/4/2005 3/24/2005 5/5/200 5 611 0/2005 9/7/2005 9/28 /2005 10/14/200 5

8/ 17/200 6 8 17 2006 811 7/2006 8/ 17/200 6 8/17 /2006 8/17/2006 8/.17/ 2006 8/17/200 6 8/ 17/2006 8117/2006 8117/2006 8il7/2006 8/17/200 5

11/ 29/ 2005 4/ 7/ 2006 5/26 /2006 6/ 28/200 6 7/7/ 2006 7/21/200 6

80,000.000 55,000.000 300,000.000 +15,000.000 !QQ,t:!Q0

coo

185,000.000 130,000.000 135,000.000 325,000.000

$26,946.87 $99/150.00 $24,787.50 $12,381.25 $272,387.50 $96,662.50 $78.538.28 $371,'184.38 $551,035.16 ~ 1

3 .Q,?~

11

660,000 .000 145,000.000 625,000.000

'5 229,082.03 $158,295.3 1 $169,403.91 $4 13,308.59 $830,98 1.25 $180,570.31 '$763,769.53

~ 5 , 0 00 . 0 00

~ 5 o.J , 77 3 . 44

350,000.000 290,000.000 85,000 .000 35,000.000 80,000.000

$4 10,548.44

$24,568.75 $98,275.00

$(2,378.12) ·S(87S.00)

$24,318. 75 $12, 159.38 $266,887.50

$(468.75) $(221.87) $(5,500.00)

$97,050.00 $77,4 10.94 $349,500.00 $515,7 13.28 ~ lh,Clf,R 7<;

$387.50 $(1, 127.34) $(21,984.38)

$216,334.37 $152,0 18.75 $157,865.63 $380,046.87 $771,787.50 $169/559. 8 $730,859.37 $52,62 1.88 $409,28 1.25 $339, 118.75

$337.850.00 $97.842. 7 $40,534.38 $93,550.00

$99,395 .87 $40,928. 13 $93,550.00

$(35,321.88) $(6.859.38\ $( 12,747.66) $(6,276.56) $( 11,538.28) $(33.261.72) $(59, 193.75) $(1 1,010.93) $(32.9 10.16 ) ·H 2,151.56) $( 1,367.19) $1.268.75 $1,553.90 $393.75

U.S. Treasur/ Bonds 8.125 % Ma turity Date: 8/1 5/ 19

1,780,000.000 8. 14/ 2006 10/ 2/ 2006 U.s. Treasury totes 3.0 00 % Maturity Date : 11/ 15/07 7/ 25/ 2006 8/9/2006 8/ 14/2006 8/29 / 2006

10/ 2/2006 10/ 2/ 2006 10/2/2006 10/ 2(2006

200,000.000 440,000.000 t ,415/00U.000 670,000.000

$2,278,956.25

$2,351,546 .88

$72.590.63

$194,625.00 $429,292.19 $1,37'1,0:.1 5.00 $654,7 15.63

$195,937 .50 $431,062.50 oj; 1,386,25 7.1>

$1,312.50 $1,770.31 $6,632.81

$656.390.63

$1.675.00

$981.060.94 $3,85 1,712.89

$988,237.30 $3,845,849.60

$456,262.50 $654,637.50 $182.514.06 $302,128.91 $139,200.00

$437,305.4 7 $632,67 1.88 $177,339.84 $297.164.07

$(4,964 .84 )

$138,996.09

$(203..9 1)

U.S. Treasury Notes 3.3 75 % Mat urItY Date: 11/15/08

8/ 14/ 2006 9/26/2 006

10/ 212006

1,0 15,000.000

3,950,000.000 10/2/2006 U.S. Treasury Notes 3.6 25 % f'o'laturity Dale : 1/ 15/ 10 4/29 12005 6/23/20 06 4/ 29/ 2005 8/ 17/ 2006 5/ 10/2005 3/1 7/ 2006 12/ 28/ 2005 8/1 7/2006 3/ 29/ 2006

8/17 /20 06

'1 60,000.000 660,000.000 185,000.000 310,000.000 145/000.000

$7,1 76.36 $(5,863.29)

$( 18,957.03)

$(21.965.62) $(5, 174.22)

U.S. r reasurv Notes 3.8 75 % rvl atunty Date: 2/1 5/ 13

-s1

' 11,0 '1 1 n -',1."" .1

Wright I nvestment Mi'lf i'lg rnent Account Fina/ Statement for tile period end ing October .n. 2006 Const ruct iOn & General taborers' Local Union 190 Pension Fund-Term 10/ 03 - w06 6485 Fir!! Niagara Bank

Sales & Other Realized Gains & Losses Pur Date

Safe Date

(cont.)

Shares

Proceeds

Cost

SIT Gain

LIT Gain (L oss)

(Loss)

1/ 25/ 2005

5/31 / 2006

8/29 /2005

5/3 1/2006

8 / 29/200 5

711l/ 2006

9/1 42005

7 11/ 2006

11/ 2/ 2005 7/ 11/ 2006 11/ 2/ 2005 8/11/ 2005 i 17/ 2006 11/ 2/ 2005 11/18/ 2005 S/17 /2006 1/30/ 2006 S/1 7/ 2006 2/ 2S/ 2006 S/17/2006 6/1212006

8/17 /2 006

71? I

Q, ! 7 !?nn,;

l/nn~

35,000.000 15,000.000

$] 4,529.59

90. 00.000 640,000.000 75,000.000 50,000. 00 455,000.000 250,000.000 310,000.000 145,000.000 25,000.000 7. 1'1 .1'1 00 on,;

588.678. 12 $632,300.00 P l ,800.78 $-17,867.19 $435,59 1.41 $240,703.1 $297,74 5.3 1 $138,542.97 $23,460.9<1

$32.779.69 4

~ 1 -1 , 779 . 69

~2

SI~ , 04 8 .

'. ';' 20(\ 00

'S( 1,750.00)

$(7] 1.25)

583,671.88 $595 ,000 .00 $69,726.56 $47,I S7.50 $42S,0 19.92 $235,175 .78 $291,6 17.97 $136,401. 95 $23,5 17.58 nI5.35 !.72

$(5,006.24) $(37,300.00 )

S537,710.9o.J $2 15,08 .37

$13,320.3 1 $2.956.24

$185,75 4.69

$2,345.31

$169,840.63 $4 17,3 2. 19

$( 1 .28) $(2,296.87)

'" 159,025.00 $536,709.37 S154,055.47 - IS3,872.66 $49,687.50 $10<1,368.36 $193,826.9-5 $223,593.75 $561,468.75

$(837.50) ;(3.290.63) $(750.78)

5150.00 $932. 1 :$ 1,735.94 5371.87 $5]2. 1

$(2,07 ' .22) $(679 .69 ) 'H7,57 .49) $(5,527. 5) 'H6, 127.34) $(2, 1 1.02) $56.54 ~ 1 5! . .,~

U.S. Trea ur- Notes '1.2 50 % t·lalunty Dale : 8/ 15/ 14

8/ 14 / 2006

10/ 2/ 2006

8/ 22/ 006

10/ 2/ 2006

550.000.000 220,000.000

81]0/2006

1012/2006

190,000.000

s 2 ,390.63 5212. 128.13 $183,409.38

U.S. Treasury 'ores 4.3 75 % Ha tun l y Date : 5/15 /0 7

1/ 5/ 2006 11/1 4/ 2005 '1 / 12!2006 11 14/ 2005 6: . .'2006 1/2'-1/2006 6/1/2006 1/27/ 2006 611/ 2006 2/ 10/2006 6 /1 /200 6 2/10 /2006 6/ 5/ 2006 2/ 10/2006 8/ ll/ 2006 2/23/2005 8/1 / 2006 11114/ 2005

170,000.000 420,000.000 160,000.000 540,000 .000 155,000.000 185,000.000 50,000 .000 105,000.000 195,000.000 225,000.000 565,000.GOO

$169,853.91 '; o.J 19,639.06 $159,862.50 $540,000.00 515..J,806.2 s18 ~ , 3 7 S .5 1 $~9 , S 3 2 . 0 3

$104,647.26 $19 ~ . 1 84 . 9 6 $22..J ,059.57 '$561,954.30 s 9,350 .00

2/ 23/ 2006

3/ 17/2006

4/ 27;2006 711S/ 2006

8117/ 2006 S/ 17/2006 8/ 171"006

/ , H:!/ LUlJO

lU /L , t uU6

80,000.000 995,000.00 5,)5,000.000

7/27/2006

10/2/2006

110,000.000

$50 1,370.31 $168,990.63

7/28/200 6

10/ 2/ 2006

3/ 30/ 2006

10/ 2/2 006

310,000.000 210,000.000

$308. 04.69 $209,048.44

$79,500.00 t 98S,78 1.25 S503, 106.25 $169,362.50 $308,837.50 $209, 2 12.50

$ 190,237.50 $2,468,425.78

$183,684.38 '$2,505,250 .78

$30<1,738.94

5303,396.36

$359,025 .00

$359,025 .00

$359,025.00

: 35 ,025. 0

6/2 8/2006

$9 87, -1 8 A

5(505.85) : (144.53) S(278.90 ) ~( 3 58 . 0 1 ) $(465.82) $(485.55)

$15<1.06

U.S. Treasury Notes 5.0 0 % fvla l urlty Da le : 8 /1 5/ 1 1

9/6/2005

10/ 2/ 2006

180,000.000

8/ 14 / 2006 10/ 2/ 2006 2, 55,000.000 U.S. r reasurv N s INFL IX 2.0 00 % fvlatu rl1.y Dale: 7/1 5/ 14

1/3 / 2006

1.' 31/ 2006

CASH & CASH EQUrvALENTS

SEI Daily Inc Govt II Fd ::33

304,085.300

$(6,553.12) $36,825.00

$(1,342.58)

-s'1 1

or. . \:

11-\'"

Wright I nvestm ent Management Account Final Statement for the period elid ing Octooer 31, 2006 Cons tructio n & General Laborers' Loca l Un icn 190 Pens'lon Fund -Term 10/ 03 . w06 6485 Fir~ Niagara Bank

Total Realized Gains & losses

Trade Date

Purchases fIXED INCOME AGENCIES FHL8 4.00 0 % Mat urit y : FHLB 5.37 5 % MatUri t y : FHLB 4.500 % Matunly : FNMA 5.00 0 % f'.'la t urit y : FNr>lA Discount ~ . Q Q.O ~{.

r ~ :: ~ ~: :-:t j' ~

$( 1,138,055.83)

$66,181.57

Settle Date

Shares

Price

Amount

4/ 28/06

S/U06

470,000 .000

$97.97

$27,450,828.18 $3,067,045.16 $460,454.30

7/7/06

7/11 / 06

650,000.000

$98.78

$651,981.00

7/18/06

7/ 2 1/0 6

315,000.000

$96.37

$303,581.25

7/ ! 1/ 06

7/13/06

530,000.000

'$ 96.53

$511,615.63

5/31/ 06

6/1/06

1,045,000.000

$99.72

$1,042,031.33

717 /06

7/ 11/06

95,000.000

$102.51

$97,381.65

2/ 10/06

2/ 15/06

215,000.000

$98.25

$3,255,251. 75 $211,233,20

6/ 12/0 6

6/1 5/ 06

205,000.000

t 88.51

;;181,449.60

3/7/0 6

3/ 10/06

430,000.000

$99.35

$427, 192.10

8/8/06

8/ 11/06

335,000.0 00

~ 1 01. 7 6

$340, 909040

5/3 1/ 06

6/5/06

490,000.000

$ 10 1.4 3

$497,016.80

1/ 26/ 06

lI ) 1/06

425,000.000

$99.11

$421,213.25

7/ 21/ 06

7/26/06

175,000.000

$9 7.94

$171,400.25

6/2 1/06

6/ 23/ 06

465,000.000

$95.06

$442,024.35

8/9/0 6

8/ 14/06

215,000.000

599.76

$2l4, 484.00

7/ 7/06

7/12/06

360,000.000

$96.76

$348,328.80

5/30/0 6

612 2/06

1,012,808.560

~9 8 . 6 5

$999,119.82 $999,119,82

4/ 7/ 06

4/ 12/06

350,000.000

$117.33

$20,129,411.45 'S410,648.44

5/ 26/ 0 6

51) 1/ 06

290.000.000

$116.50

$337,850,00

6/ 28/06

6130/0 6

85,000.000

$115.11

$97,842.97

7/6/06

7/11/06

65,00 0.000

$109.96

p l ,477.15

7/7/06

7/1 2/06

35.000.000

$115,81

$40,534.38

7/21/06

7/26 /06

80,000.000

$116.94

$93,550.00

8/14 /0 6

S/1 7/06

1,780,000.000

$128.03

$2,278,9:;6.25

3/ 10/ 08 6/14/13 9/10/10 4/1 5/ 15 c.t'")~ /n~

" 1 - - • .., .....

Tennessee Valley AUl h 6.00 0 % t'l al urity : 3/1 5/ 13

CORPORATE BONDS Amencan Eleanc Power 5.250 % r·l atufl ty : 6/1/ 15 AutOl one toe 4.375 % r>l at ur it y : 6/1/ 13 Cisco Systems Inc 5.5 00 % Mat unt y : 2/22/ 16 Countrvwide Home Loan 6.250 % Mat urity: 4/ 15/ 09 General Elec Cap Corp 5.8 75 % i'-'lat urity : 2/ 15/ 12 Goldman Sachs Grp Inc 5.35 0 % H at unly: 1/1 5/ 16 Hospira Inc 4.950 % t'l at unt y : 6/1 5/09 Household Finance Corp 4.1 25 % MatUrit y : 11/ 16/09 Oneok I nc 5.5 10 % Maturit y: 2! 16/ 08 Oracle Corp 5,0 00 % Maturit y : 1/15/11 FNMA FNCL Pool .. 810896 Fit 4.8 52 % fvI at urity : 1/ 1/3 5 GOVERNMENT BONDS U.S. Treasury Bonds 7.250 % H at urity : 5/ 15/1 6 U.S. Treasurv Bonds 7.250 % r·1at unl y : 5/ 15/ 16 U.S. Treasury Bonds 7.2 50 % Mat urity : 5/15/16 U.S. Treasury Bonds 6. 125 % Maturity: 11/1 5/ 27 U.S, Treasury Bonds 7.2 50 % Mil t urity: 5/ 15/1 6 U.S. Treasury Bonds 7,250 % Maturity : 5/1 5/ 16 U.S. Treasury Bonds 8.12.5 % H aturity: 8/ 15/19

-101: 1) .(It"j' 1 1.I J I M .!

Wright Investment Management Account F/nal Statement for the perio d endlllg October 31, 2006

Constr uct ion & General Laborer s' Local Un ion 190 Pe nsion Fund -Ter m 10/03 .. ",,0 &6485 F i r ~ Niaga ra Bank

Purchases (cent, )

Trade Date

U.S. Treasury Bone &. 125 % 1'-1a lurlty : 11/ 15/ 27 u.s. Trea sury Bonds 6. 125 % f>la turlty : 11/ 15/2 7 U.S. Treasury Notes 4 .3 75 % r-iatuntv: 5/ 15/ 0 7 U.S. Trea u Notes 4.3 75 % Mat urity : 5/15/ 07 U.S. Trea sury otes 3.8 75 % f>olal urJt:y: 2/ 15/ 13 U.S. Treasury Notes 4.375 % Maturity: 5/ 15/ 07 U.S. Trea sury Notes 4.3 75 % Ha tunly : 5/15/07 U.S. Treasury Notes '; .S 7S q /,; ~'1 3 t :J r:t y : ; 11 e l l ") U S. rea sury Note 3.6 25 % Mat Urity : 1/ 15/ 10 U.S. Trea sury ores 4.3 75 % Maturrty: 5/ 15/ 07 U.S. Trea sury Note 3.8 75 % fvla turity : 2/15/ 13 U.S. reasury Notes 4 .3 75 % I" la turlty : 5/1 5/ 07 U.S. Treasury Notes 4 .3 75 % f>ol a l unty : 5/15/07 U.S. Trea sury Notes 3.8 75 % f>ola turity : 2/ 15/ 13 U.S. Treasu ry Notes 3.000 % t-laturity : 11/ 1 / 07 u .s , Trea sury ores 4.3 75 % Maturity: 5/1 5/ 07 U.S. Trea sury Notes .3 75 % t-la turity : 5/ 15/ 07 U.S. Trea ury Notes 3.0 00 % /·la tunty : 11/15/ 07 U.S. Treasu rv Notes 3.3 75 % f>olaturrty: 11/ 15 / 08 U.S. Treasury otes .2 50 % Ma turity: 8/1 5/ 14 U.S. Trea sury Notes 5.0 00 % 1'1atunly : 8/1 5/1 1 U.S. Trea sury , ores 3.0 00 % r'1a turity: 11/1 5/0 7 U.S. Trea sury Notes 4.250 % r-iatuot v: 8/15 / 14 U.s. Treasu ry Notes 3.0 00 % Maturity: 11/ 15/0 7 U.S. Trea sury Notes 4.2 50 % Maturity: 8/ 15/ 14 U.s . Trea sury Notes 4 .3 75 % Halunty : 5/1 5/ 0 7 U.S. Treas urv Notes 3.3 75 % f.tla tlJrity : I t/1 S/0S U.S. Trea sury Nts INFL IX 2.000 % t-laturrty: 7/ 15/1 4 CASH & CASH EQUIVALENTS SEI Dally Inc Govt II Fd ;1 33 ....1

... ,J I

...

Settle Date

Shares

Price

Amount

8/ 14/06

8: 1 106

300,000.000

'S11 .97

$335,906. 5

916/ 6

9/11106

170,000.000

$ 114.4 7

'S194,596 .88

1/ 24/ 06

1/27/ 06

540,000.000

$ 100.00

$540.000.00

1/ 7/06

1/31 /06

155,000.0 0

~9 9. S 7

$154,806.25

1/30 /06

1/3 1/0 6

310,000.000

:S96.0S

$2_7,745.3 1

2/10 /06

2/ 15/06

340,000 .000

$99.66

$3

2/23 /06

2128/06

420,000.000

$99.58

$..H 8,2+ 1.53

2/28 /0 6

3/ 2/06

145,000.000

$95.55

$ 138.542. 97

3:29/06

3/ 3 1 06

145,000.000

. 96.00

S139,200.00

4/27/06

'i 28/06

565,000 .GOO

; 99.46

'S S6 1,9S..UO

' /1 2/06

6/15/0 6

25,000.000

S93.84

; 23,460.94

6/28 / 6

6/30/06

80,000.000

$99. 19

:$79,350.00

7/ 1S/06

7/21 /06

1.500,000.000

$99.28

$1,489,218.75

7/21106

7/26/06

230,000 .000

$94.00

$216,200.00

7/25/06

7/28 /06

200,000.000

$, 7.3 1

$194,625.00

7/27/06

7/ 3 1/06

170,000.000

$99.4 1

$168.99 0.63

7/28 /06

8/1/06

3 10.000.000

$99. 5

5308,304.69

8/9/06

8/ 14/06

440,OOO.GOO

$9 7.57

$429.292.19

S/ 101/ 06

8[17/06

1,0 15,000.000

$96,66

'j;98 1.060.94

all '/ 06

8/ 17/06

550.000.000

$95.34

$524,390.63

8/ 14 6

8/ 17/06

2," 5,000.000

$100.55

, 2,468,425.78

8/14 /06

8i 17/ 06

1,4 15.000.000

$97.50

'$ 1,379,625.00

8/22 /06

8/ 2 /06

220,00 .000

596.42

$212, 128. 13

8/29 /06

8/31/06

670/000.000

$97 .72

$654.7 15.63

8130/06

9/5/06

190,000.000

$96 .53

$1

8/3 0/0 6

9/5/06

2 10,000.000

$99.55

$209.048.44

9/26/06

9/261 6

3.9 0, 000.000

$9 7 51

$3.85 1,712.89

1/3106

115,06

290, 000.000

$ 105.08

5304,738.- 4

3-1 3.107. 730

$ 1. 0

$343,107.73 $343. 107.73

,857.S1

-I

-i

,409.3

rI , 1 1 0... · 1 1 ..,.\ .~~

Wright Investm ent Management Account Final Stat ement for th e period end!jlg October 31, 2006 Construction & General Laborers' t.ocat Un ion 190 Pension Fund-Term 10/03· w066485 Firg: Niagar
Total Purchases

$27,793,935.91

Amount

Income & Expense INCOME

$1,459,203.80 $1,459,203.80 $161,764.35

INTEREST AGENOES

FHLMC

$7.595.07

3.250 % Maturity Date : 11/2 /07 FHLB 4.0 00 % t--Iatu rity Date : 3/ 10/ 08 FHLMC 3.0 30 % Maturity Da te : 6/1 1/08

S4.177.78 '£26.492.73

FNI'IA

$23.900. 14

3.8 75 % r" al unl y Date: 11/17/03 FHLB 4.500 % Mnturity Dal e: 9/ 10 / 10

$2. 795.62

Tennessee valle v Auth

$23.588.33

6.0 00 % Maturity Dare : / 15/ 13 FHLB 5.3 7S % tvl atu rity Date: 6/14/ 13

$7.98 1.8S

FNI'-IA

$47.985.4 1

5.0 00 % Maturity Date: 4/15 / 15 FNMA

S17 .247.39

6 .2 50 Vo tvl atur ity Date : 5/1 5 / 29

$4,687.65

CASH EQUIVALENTS

euv Inc Gov!. !I Fd ::33 CORPORATE BONDS

58

'S4 .687 65 $633,615 .55

venzon Global 7.7 50 % 1"l al ur ity Date : 12/ 1/ 30 British Telecom PLC 8.525% 8.8 75 % Mat urity Date: 12/ 15/30

S22.355.5

Tran ocean Inc

tl 1.545.83

$10.966.79

7.500 % 1"latu nt y Date : 4/ 15/31 DomlOlon Resources Inc

; 12.865. 13

6.3 00 % Maturity Date : 3/ 15/ 33 Roval Bank of Scotland

s 15.765.50

7.6 48 % f>\aturity Date : 8/ 3 1/ 49 Countrvwide Home Loan 5.5 00 % Maturity Date : 8/1/06

SI0,450.00 'L L I B7 08

2.7 50 % !'-Iatu rrty Date : 12/ 29/06 Honevwell Inc

$24.923.89

7.0 00 % Matu rity Date : 3/ 15/ 07 US Bancoro

$1 1.652.08

5. 100 % I'la turrty Date : 7/15/07 PPL Electn c Util

$12.6 19.83

5.875 % tvlaturity Date : 8/ 15/ 07 Bear Stearns Co Fit rate

$3.756.34

5. 1 19 % Maturity Date : 9/ 27/ 07 Amoe n Inc

55.434.72

6.500 % t--Iaturity Da le : 12/1 /07 Cendant Coro

$ 12.303.73

6.25 0 % Matunty Date: 1/1 5/ 08 Oneok Inc

$ 1.579.54

5.5 10 % Maturrty Date 2/ 16/08 Firs Union COrD

$4.407. 11

- 12-

Wright in vestment fvl anagement Accoun Finn/ Statement fo r the period ending October 3 1, 2006 Cc nstr ucno n & General Laborers' Local Union I 0 Pension Fund -Term 10/ 03 - '.'106 6485 First Niagara Bank

Amount

Income & Expense (cont.) 6.4 00 % lvlaturlty Dale: 4/1 /08 Sonnt CaD Cero

0$9 .839.99

6. 125 % I'-lat unty Dale: 11/ 15/08 clJl.l Com Fit rate

'517.138.60

5.685 % Mat urity Dale: 1/ 26/09 Countrvwoe Home Loan

; 2.966.14

6.250 % I
$1.588. 13

.9 50 % t-lalurlty Dale : Dalmlercl1rl sler 7 2 00 % Iv atu rity Date : Duke Caoltal 7.500 % lvlal uril y Date: Household Finance Corn . I 25 % ""'atur:!.v Date : JX Cornoarues Inc 7.4 50 Va r-1 at urJty Date: Lowes Corncames .250 % t-1ilturrt)' Dale : Deutsche Tel Fin 80/0 8.0 00 % t-Iat unt y Date: soemo (aoltal Coro 7.37 5 % 1'l atunt y Dale : rad e Coro 5.000 % I
6/15 /0 9 514. 67.00 /1/ 09 51-1 .665.63

10/ 1/ 09 $5.274 .84 t 1/16/(1q 59.205.92

12}15/09 ·S5. ~/

5. ' 2

1/ 10 $1 1.16 1.11

6/1 5/ 10 52 .58 1.29

9/ 27/ 10 ;4 .000.0 1/ 15/11

s 4 .212.90 1/1 5/1 1

s16.575.57

7.8 75 % 1'l atun!y Date. 2/ 1/ 11 General Elec CaDCom

521.18S, 69

6.12 5 % t-Ial urity Date : 2/22 / 11 France Telecom 1'1 Rate

$14 ,309.51

7.750 % t'l al urity Date : 3/1/ 11 AT & T Wlrel 5

515.823.25

7.8 75 % lv' atunty Date: 3/1 /1 1 Goldman Sachs Gro Inc 6.6 00 % " al unty Dale: 1/ 15/ 12

·H3 .11S.57

Genera l Elec CdO Com

- .v... -, - . . . .. oJ

IU

~ ...

.

1· 10 ..... . ''- I

~

_.

~

LlO~ C .

.... . -.J/"

_ ,

i..

$9 .355.9-1

...

J ....

atl Rural Utll

528. 47.50

7.2 50 % Mal urlty Dale : 3/ 1/ 12 Heinz. ( H. . ) CO

$9.225.00

6.0 00 % I' latunty Date : 3/15 / 12 CIT Grouo Inc 7.750 % H at unt y Date: 4/ 2/ 12

$29.450.00

sarew v Inc

$13.442.3 1

5.800 % t-1al unty Date : 8/15/ 12 Semora Ener v - .0 00 % I
513.582.5

A T & T Broadband

515.348.35

8.3 75 % MatUrity Date : 3/1 5 / 13 In I Lease Fmance Cora

$ 21. 06.94

510.875.25

5.8 75 "/0 lvlil l urll.y Date : 5/ 1/ 13

-13· I I I'

nit ,

-I S ;-"1 /1, 1:

Wright In vestm ent Management Account Final Stat ement for the period end ing october 31 , 2006

Consrruct o n & Genera l Laborers' Local Unic n 190 Pension Fund-Term lO/ OJ - 1'106 6485 First Niagara Bank

Income & Expense

Amount

(cont.)

Fund Amencan Cos I ncN m 'l

$l0.346.53

5.8 75 % t-l a turlty Date : 5/ 15/1 3 Autozone Inc

$2.665.72

4.3 75 % t-l atu rity Date: 6/l/ 13 Amencan Electric Power

9 .117.39

5.250 % Maturity Date : 6/1/ 15 JP Moroan Chase & Co

522.278.04

5,150 % Matu rity Date : to/l / IS Goldma n Sachs Gro Inc

'S 15.221.49

5.3 50 % Matunty Date: 1/1 5/1 6 Cisco Systems Inc

513.270.28

5.500 % t-l aturity Dale: 2/2 2/ 16 Philhos Pete

$24 .070.23

6.6 50 % fv1 atu nt y Date: 7/15/18 ~HLM('

538,091.96 $11.768.26

FHARM Pool :: . 8 129 1 Fit 4,4 00 % t-la turity Dale : 11/1 / 33 FHARM Pool t: IG 0233 Fit

4.9 98 %

~-'la tu nty

$26.323.70

Date : 5/ 1/3 5

$104,460.16

FNMA FNMA Pool :1 70 104 3 Fit

:S l I.823.76

4.040 % Mal urity Date: 4/ 1/3 3 FNCL Pool :: 810896 Fit

$12 .183.56

4.852 % Mal urlty Date : I l l / 5 FilMA Pool ::80932' Fit 4 .822 01., r-lal unt y Date : 2/1/35 F CL Pool ::86 3741 At 5.2741)/" t-lat unt y Dale: 12/ 1/35

S22.363 50

i 58.089 3<1

$516,584.13

GOVERNMENT BONDS U.S. Treasurv totes

; 56.19 1.70

4.3 75 % t-latur ity Date: 5/1 5/ 07 U.s. Treasurv Notes

$9.887.77

3.0 00 % H aturlty Date: I V 15/07 U.S. Treasury Not es

'; 6.455.6 1

3.3 75 % t-l atur!t.y Date: 1I{l 5/ 08 U. - . Treasurv Notes

563.295.35

3.625 % Maturity Date : 1/ 15/ 10 U.S. Treasurv Notes

$25.5 17.66

5.000 % H atunty Date : 8/ 15/ 11 U.S. Treasurv Notes

:;;68.969.43

3.8 75 % fl-Iaturity Dale : 2/15/ 13 U.S. Treasurv Nts I NFL IX

$.127.25

2.00 0 % MatUrity Date : 7/15 /14 U.S. Treasorv Nol es

$4.505.23

4.2 50 % fl-l atur ity Date : 8/ 15 /14 U.s . treasurv Bones

$182.708. 10

7.2 50 % Maturity Date : 5/15/16 U.S. Treasury Bonds

SI8.078.12

8. 125 01. Maturity Date: 8/ 15/ 19 U. . Treasurv Bonds

$80.5 '7 .9 1

6.125 % Maturity Date: 11/15/27 EXPENSE

$(65,927.22)

Wriaht manaae ment fee Bank custocv fee Variance

$157.831.091

$(8.096.181 $0.05

-14·

Wright In vestm ent H anagement Account Final Statement {or the period ending October J 1, 2006

Consrructo n & General Labor ers' local Union 190 Pension Fund-Term 10/03 - w06 6485 Fir st Niagar a Bank Net Income

Deposits & Withdrawals

Transaction Date

Shares

Amount

DEPOSITS CASH Relmb. by Wint hrop Corp Trad err or

$12.506.25

10' 11/06

$( 29,897,919 . 72)

WITHDRAWALS CASH Transfer to Oeutcne Bank Transfer 0 Deutcl e Bank

·H29.853,966.S2) $(43,953.20)

10/ 3/06 10/1 7 06

Net Deposls & With drawals

$(29,885,113 .47)

·1 5·

Wright I nvestment Management Account Final Stat ement for tile perio d ending October ] 1, 2006 Constru cton & Generat Lacorers' L<XLl1 UnIon 190 Pension fund- Term 10/ 03 - w06&185 F ir~ Niagara Bank

-is, I 1 J, 0 " 'j I ·; ...~ .\ ~.I