Wright Investment Management Account

,Nt{[CI-11
iNVESTORS'S ERVICE
Quarterly Stat emen t
for th e period ending March 31, 2 007
Teamsters Local 445 Freight Division Pension Fund - w068Q02
Bank of New York

Teamsters Local 4'15 Freight Division Pension Fund

Sharon Molinelh
POBox 2572
Newburgh, NY 12550

Investment Results Quarter End Year-to-Date Cumulative Ouest ions conceming your Accoullt?
( 1/1-</<1) (1/1 - V\I) <.lnr", 1/t:l/r17

Beginning t-1arkel Value $11,'101,993.31 $J 1:10 1,993. 3'1 $11,401, 993.34

Deposits .$10,001,'152.1 1 $10,001,452.11 $10,001,452. 11
Withdrilwals $0.00 $0.00 $0 .00
Net Gilin (Loss) $559,110.29 ),559,110.29 $55 9, 110.29
Net In come $ 11,51'1.69 $11,51'l.69 $lI ,5 1·l.69

Net Investment Gain (Loss) $570,6 2'1.98 $570,67.'; .93 $570,624.98

Ending r'1arkel Value $2 1,974,070.'13 $21,97'1,070.'1 3 $21 ,974,070.'13

Total I nvestment Retu rn 5.2 5 0;', 5.25 % 5.25 %

Current Holdings Cost Market Value Percent rndicated Yield

Summary by Investment Type Hoklings Income
EOUmES $11,181,843,39 $11,724,945.75 53.36 % $147,729.98 1.3 %

ADRS $11,078 ,539.'15 $11,617,806.2 5 52.87 % $147, 72 9.98 1.3 %

COMMON STOCK $10 3,303.94 $ 107, 139.50 0/19 % $0 .00 0.0 %
CASH &, CASH EOUrvALENTS $10,249,124.68 $10,249,124.68 46.64 % $489,908.16 4 .8 %

Total Investments $21,430,968.07 $21,974,070.43 $637,638.14 2.9 0/0

GOVERNMENT
EXHIBIT

GP-9

CONFIDENTIAL
WIS02D614

WrJghl Investo rs' SCrvlce , -1 '10 Wh e ~lcl s Farms Roa d, Milford , CT 06'1&0- 18'17 (800) 232· 00 13
 Wright I nvestment Management Account
Quarter ly Statemen t for the period ending March 31, 2007
Teamst ers LQCLl14'15 Freight Division Pen ' Fund - w063002
Bank of New York

Portfolio Holdings Shares Purchase Cost Market Value 0/0 of

Asset

EQUmES $11,181,84339 $11 ,724,945.75 53 .4 %

ADR5 $11,078,539.45 $11.617,806.25 52 .9 %
CONSUMER DISCRETIONARY $1,314,995.27 $1,365,199.55 6.2 0J0
Dairnlerchrvs ler Ag 4. 255.000 $255,961.65 $348, 101.55 1.6 %
Honda Motor Co. Ltd . /lOR 1'1,480. 000 $550.913.32 $5(}1,9 17 .60 2.3 %
Philips Electr onics·Ny Shares 5,7 40.000 $2 11,139.5 9 $218.694 .00 1.0 %
Toyota Motor Corp - Span AOR 2,290 .000 $296.980.71 $293,486.40 1.3 %
CONSUMER STAPLES $B:t4,129.17 $905,860.25 4 .1 %
British American Tobacco /lDR 10,015 .000 $580,343.21 $631,345.60 2.9%
Diagro Pic Sponso red /l DR 1,675.000 $ 128,9 36 .47 $135,591.25 0.6%
Unilcv er PIc /l DR '1,620.0 00 $124,819.49 $138,92] .40 0.6 %
ENERGY $1,097,226.50 $1,180,342.25 5.4 %
Cnooc L1d· !ldr 2,065.000 $176,127.57 $180,9 55.95 0.8%
Encana Corp Adr 8,225. 000 $373,699.58 $416,431.75 1.9 %
ENI SPA Sponsored /lDR 1,895.000 $11 9,663.94 $122,852 .85 0.6 %
Petro-Canada 3,730.0 00 $ 135,872. 35 $1'16,2 53.30 0.7 %
Sla toil ASA-Spn Adr 1. 220.000 SI00,59 2.98 $111, 277.60 0.5 %
T Olal SA-Span ADR '2,060 .000 $190,270.08 $.199,570.80 0.9 %
FINI\NOAL5 $3,200,532 .57 $3 ,253,959.75 14.8 %
I\ l1ianz AG-AOR 10.27 5.000 $20'1, 500.2'1 $2Jl ,15L25 l.0%
Arnv escap Pic-Sponsored Adr 6,095.000 $139,9 'H .86 $13'1, 699 .50 0.6%
Ausl & NZ Bnkg Grp Son Adr 2,870.000 $3 13,88 1.95 $345,117.50 1.6 %
J\XA-Uap-ADR 5,950. 000 $2'13,006 .93 $253,170.00 1.2 %
Ban 0 Sant and er Cen -Spon ADR 19,855. 00 $365,828.38 $354,011 .65 1.6 %
Credi t Suisse Group-Span-ADR 3, 200 .000 $2 16,04'1.16 $229,856.00 1.0 %
Deutsche Bank Ag ADR 1,320.000 $173,7 36.95 $177,592.80 0.8%
l O CI Bank Ltd -Sport Adr 2, 185.0 00 $!l9,'11O.20 $80,2 98.75 0."1 %
ING Groep N.V. ADR 11,050.000 $477,0 57.23 $467, 746.50 2.1 %
Nomura '-Ioldings In c-ADR 7,660 .000 $ 146,9 04 .25 S 158,791.30 0.7%
Or ix-Spn Adr 2,280 .000 $325, 696.25 $298,338.00 1.4 %
Sun ure Financial SVC5 5.0 55.000 $206,456.31 $229,4 97.00 1.0%
Unibanco -GDR 1,850.000 $ 163,897 .05 $161,801.00 0 ,7 %
W estpee Banking Corp 1,420.000 $134,1 67 .80 $151,585.00 0.7 %
HEALTH CAR E $751,708 .23 $753,260.20 3.4 %
Alt ana Ag ADR 1,840.000 .$ 1.1 3,322.29 $120, 115.20 0.5 %
l3iovail Corp (Ny Shs) '1,900.000 599, 006 .95 $107. 11'1.00 0.5 %
Fresenius r·1cd icill ( ilre ADR 1,77 0.000 $77 ,9' 4.96 $86.1 45.90 0.4 %
Novart is Ag·AD 4,930.000 $285,076. 76 $269, 325.90 1.2 %
Sanoli·Aven t i Adr 3,920.000 $ 176,357. 27 $170, 559.20 0. 8 %
INDUSTRJALS $1,214,7 25 .22 $1,300,643.70 5.9 0J0
Kub a Corp -Spn Adr 10,2 70.000 $'170,649. '15 $-1'19,'11 5.20 2.0 %
r'1adeco Sa Span s Adr 4,850.000 53,786.50 $56,55 1.00 0.3 %
M itsui & Co. LTD-AD 1,080.000 $306.1;'8 .00 $'11 1,480.00 1.9 %
TNT NV-Adr 3,200.000 $135,777 .9 2 $1'17.360.00 0.7 %
w olsetev Pic 9,930.000 $2'18,353.27 $235,837.50 1.1 %
INFORMATION TECHNOLOGY $598,8B2.64 $635,454.60 2.9 %

· 2·

CONFIDENTIAL
WIS020615
 Wright Investment ManClgementAccount
Ql/imerly Suuemen; (or the period ending March 31, 2007
Teamsters tocal 4'15 Frei9ht Division Pension Fund - w068002
Bank of New York

Portfolio Holdings (conL) Shares Purchase Cost Market Value 0/0 of

Asset
Cannon Inc ADR 8 ,3'10,000 $45'1,953 .67 $4'17,691.20 2.0%
Siliconw are Precision-Adr 19,1'10 .000 $143,928 .97 $1 87,7 63 .40 0. 9 %
MATERIALS $834,773.96 $946,177.10 4.3 °/0
Alum inum Corp Of China-Adr 1,075.000 $24,137.30 $2 7,9 39.25 0.\ %
An910 Jlmerican Pic ADR 15,'125.000 $352,623.24 $407, 528. 50 1_9%
Hanson Pic -Spon ADR 4, 695.000 $357,345.8'1 $379,966.35 1.7 %
IPSCO, Inc. 995.000 $90,6 67.58 $130,743 .00 0.&%
TELECOMMUNJCATION SERVICES $637,046.90 $630,013.10 2 .9 °10
Portugal Telecom Sgps Sa ADR 5, 535.000 $11,828 .25 $74, 390 .40 0.3 %
PT Tclekomunikasi ADR 2,7 30.0 00 $115,891.50 $ 117,772 .20 0.5 %
Te lef onica Sa -SPOil ADR 2, 195.000 $141,455.90 $ 1'15,7'18.00 0,7 %
Vodafone Group Pk-Sp Adr 10,875.000 $307,871.2.5 $292,102. 50 1.3 %
lITILIllES $594,518.99 $646,895.75 2.9 °/0
E.On Ag Sponsored ADR 3 ,695 .0 00 $15 '1,89'1.03 $ 166,866 .20 0.8 %
Scottish Power Plc-ADR 7,&'15,000 $439,62'1 .96 $480,0 29 .55 2.2%
COMMON STOCK $103,303.94 $107,13!J .50 0.5 0/0
FlNANOALS $103,303.94 $107,1.39 .$0 0.5 %
Manulife Financial COrp 3,110.000 $103,303.91 $107,\39.50 0.5%
CASH S. CASH EQUl'VALENTS $10,249,124.68 $10,249,124 .68 46.6 %
Cash Account $0 .00 $0.00 0.0 %
Co lle ct ive S{T Inv Fd Union Ser $10,2 49,12-1,68 $10,249, IH .fJH 46 .6 %
TOTAL HOLDINGS $21,430,968.07 $21,974,070.43

Sales & Other Realized Gains & Losses

Pur Dale Sale. Dale Shares Cost Proceeds SIT G3in L/T Gain
(loss) ( loss)
SALES

No Realized Gilins or Losses

Total Realized Gains & Losses

Purc.:hases Trade Date Settle Date Shares Price Amount

EQumES $11,181,843 ,39

ADRS s 11 ,078, 5)9 ,4 5
Alliant AG' ADR 1/10/07 J /1 6(07 10.275.000 $19.90 $20'1 ,500.24
Alta na I\ g ADR 1/1 0/ 07 1/1 6/ 07 1.8'10.000 $61.59 S113.322.29
Alumin u m Corp 0 1Chlna- Adr 1/1 0/ 0 7 1/16 / 07 1.075.00 0 $22.'15 S.24. 137.30
Arnvesc ap Pic-Sponso red Adr 1/1 0/ 0 7 1/ 16/07 6.095 .000 $ 22.96 S139.91'i.86
Anglo A merican Pic ADR 1/10/ 0 7 1/1 6/ 07 J 5.'125.000 S·23.5 1 B62.6 23.2'1
Aus & NZ Bnkg Grp Spn Adr 1/1 0/ 0 7 1/1 6/ 07 8 70.000 :> 107.90 $93 .875.96

·3-

CONFIDENTIAL
WIS020616
 Wright Investment Management Account
Quart erly Ststemen: lor the period ending March ]1, 2007
Teamsters local 44 5 Frei ght Division Pens ion Fund · w068002
Ban k or New York

Purchases (cont.) Trade Date Settle Date Shares Price Amount

Aost & NZ Bnkg Grp Spn Adr 1/11/07 1117/07 2.000.000 $ 110.00 $220.006.00
AXA-Uap-AD R 1/10/07 1/16/07 5.9~0.OOO $'10.81 $243,006.93
Banco Sant ander Cen -Spo n ADR 1/10/07 J/l6/07 19.855 .000 $J8.43 $365,828.38
Brovail Corp (Ny Shs) 1/1 0/07 1/J6/07 1.900.000 $20.21 $99.006.95
British American Tobacco ADR 1/10/07 J/16/07 10,01 5.000 $57.95 $580.343.21
cannon Inc ADR 1/10/07 1/16/07 £1.3'10.000 $54.55 $154.953.67
Cnooc Ll d -Adr 1/10/07 1/16/07 2.065 .000 $85.29 $176.127.57
Credit Suisse Group·Spo n-ADR jf 10/07 J/ 16/ 07 3,200.000 $67.51 $216 .0-14 .16
Daimlerch rysler Ag 1/10/07 1/]6/07 1 .255.000 $60.16 $255.961.65
Deutsche Bank Ag ADR 1/10/07 1/16/07 1.320.000 S131.62 5 173.736.95
Diageo Pic Sponsored AOR 1/10/07 1/16/ 07 1,675.000 $76.98 S128.936.17
E.Gn Ag Sponsored ADR 1/10/07 1/16/07 3.695.000 $'11.92 5154 .891.03
Encana Cor p Adr 1/10/07 1/16/07 8.22 5.000 $'15.'13 $373. 699.58
ENI SPASponsored ADR 1/10/07 1/16/07 1,895.000 $63.15 $J 19.66].9'1
Freseniu s ~l cd ic al Care ADR 1/10/07 1/16/07 1.770.000 $'1'1.01 577.941.96
Hanson Pic -Spon ADR I/JO/07 1/16/07 4,(;95.000 $76.11 $357.345.84
Hon da Mot or Co. Ltd. AD[{ 1/10/07 ]/1 6/ 07 1'1,'180.00 0 $38.05 $550.913.32
I Cl O Ban k Ltd-Span Adr 1/10/07 1/16/07 2, 185.00 0 $'10.92 589, 4 10.20
ING Groep N.V. ADR 1/10/07 1/16/ 07 11.050.000 $'13. 17 $'177.057.23
IPSCO, In c. 1/]0/07 I/J6/07 995.000 $9 L1 2 $90 .667.58
Kubota Corp-Spn Adr t/ IO/07 1/ 16/ 07 10.270.000 $15.83 $470.649.45
Madc-'(o Sa Spons Adr 1/10/07 1/16/0 7 1.850.000 $1 1.09 $53,786.50
Mitsui & Co. LlD-ADR 1/10/07 1/16/ 07 1,080 .000 $28] .48 $306.J 58.08
Nomu ra Holdings l nc-ADR. 1/10/07 1/ 16/ 07 7.660.000 $19.18 514 6.904.25
Novart ls Ag -ADR 1/10/07 1/16/07 '1.930.000 $57.82 5285.076.76
or ix-spn Adr 1/1 0/ 07 1/16/07 1,280.000 $ 1'13.87 .$184.1'i9.25
Orl x-Spn Ad r 1/11/07 1/17/ 07 J.OOO. OOD S1-1 1.55 $14J . ~ 47. 00

Pet ro-Ca nada 1/10/ 07 1/l6/07 3.730.000 $36. 69 S136. 1172. 35

Philips Electronics-Nv Sho re s 1/10/ 07 1/l6/07 5,7 40.000 $36.78 $2 11.139.59
Port ugal Telecom SgP$ Sa ADR 1/ 10/ 07 1/16/ 07 5.535 .000 5 12.98 $71. 828.25
PT Telekormmikasi ADR 1/1 0/ 07 1/16/07 2.730.000 512.45 5 115,891.50
Sanoli-Avenris ,\ dr 1/10/07 1/16/ 07 3,920.000 54'1.99 ~, 176,357.27

Scotti sh Pow er I' lc-ADR 1/1 0/ 07 1/16/ 07 7.615.000 S57.50 $439.624.96

Silicor ware Precision-Adr 1/ 10/ 07 1/16/07 19,1-10.000 So7.52 $1'13.928.97
Sta toil AS,\ -Spn Adr 1/ 10/07 1/16/07 4,220.000 $23.8'1 S I 00.592.98
Sun Life FinanCIalSVC5 1/ 10/07 1/] 6/07 5.055.000 ~AO . 8 ·1 5206.456.3 1
Teleroni a Sa -Spo n lIOR 111 0/ 07 1/16/07 2. 195.000 S·61.'l·1 $1'11.'155.90
TNT NV-Adr 1/10; 07 1116/07 3,200.000 $<1 2.-13 s,135.7n .92
Tota l SA-Spon ADR 1/10/ 07 111 6/07 2.860.000 •.66.53 190. 270.08

-'I-

CONFIDENTIAL
W/S020617
 Wright Investment Management Account
Quarterly Sratement for the period ending March 3J, 2007
Teamst ers Local 4'15 Freight Division Pension Fund - w068002
Bank of New Yorl<

Purchases (cont.) Trade Date Settle Date Shares Price Amount

Toyota Motor Corp - Soon ADR 11l0/07 1/16/07 2.290.000 $129.69 $296. 980.7 1
Unibanco -GDR 1/10/07 jJ 16/07 1,8 50. 00 0 588 .59 $163 ,897 .05
Unilever Pic ADR 1/10/0 7 1/16/ 07 4.6 20 .000 $27 .02 S 124 .849.49
v odarooe Group Pk-Sp Adr 1/10/07 j} 16/ 07 10.875.000 $28.3 1 $307.8 71.25
westoac Bi:lnking Corp l/ll/07 1/17/07 320 .000 $91 .24 $3 0.156.80
Westpac Booking Corp 1/12/07 1/IS/07 500.00 0 $94 .67 $'17.335.00
w estpa c Banking Corp 1/l6/07 1/19107 600 .00 0 $9<1.-16 $56 .676 .00
w oisetev Pic 1/10/07 J/16/07 9, 930 .000 $25 .01 $2'18.353.27
COMMON STOCK $103,303.94
ManuJire Rna ncial Corp 1/10/07 1/16107 3.110.000 $33.22 $103.303.9-1
CASH & CASH EQUIVAlfNTS $10,249,124.68
Collective Srr
Inv Fd Union Ser 10,2-19,124 .680 $1.00 $10,249,124 .68
Total Purchases $21,430,968.07

Income & Expense Amount

INCOME $28,345.54
INTEREST $23,411.50
CASH EQUIVALENTS $23,411.50
AIM S{T Treasury Inst! S2.'l -1S.3B
Collective SfT l nv Fd Union SCr $20.966.1 2
DMDEND
ADRS $4,405.40
Banco Santander Cen-Soon ADR $2.760 .40
Encana Corn Adr $ 1.64S.00
COMMON STOCK $528.64
Manulife Fin,mcial COl D $ 528 .64
EXPENSE $( 16,830.BS)
Wriah t t"amt tee - Paid outs ide <lea S (~ 6 . 007. 9 3 1
Foreiqn Tax W,thheld :)(82 2.92 \
Net Income $11,514 .69

Deposits & Withdrawals Transaction Date Shares Amount

JNITIAL DEPOSIT $11,401,993.34

(ASH
Cash Deposits 1/1 0/ 07 $11.40 1,993.34
DEPOSITS $10,001,452.11
CASH
sh oeoosus 11l 2/ 07 $9 2'1.7'1
Tfr fr closed ace 2/5/07 $527.37
From 356065 3/3 1/07 $5.000. 00 0. 00
From 356'i 71 3/ 1107 S5.000,000.00
WITHDRAWALS $0.00

No Withdrawals so.oo
Net Deposits & WithdrowClls $21,403,445.45

-5-

CONFIDENTIAL
WIS020618