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 811-04379

 

 

Plan Investment Fund, Inc.

(Exact Name of Registrant as specified in charter)

 

 

2 Mid America Plaza

Suite 200

Oakbrook Terrace, Illinois 60181

(Address of Principal Executive Offices) (Zip code)

 

 

Dale E. Palka, President

2 Mid America Plaza

Suite 200

Oakbrook Terrace, Illinois 60181

(Name and Address of Agent for Service)

 

 

COPY TO:

Robert F. Weber, Esq.

Seyfarth Shaw LLP

131 S. Dearborn Street

Chicago, Illinois 60603

Registrant’s telephone number, including area code: (630) 472-7700

Date of fiscal year end: December 31

Date of reporting period: September 30, 2012

 

 

 


Item 1. Schedule of Investments.

The registrant’s schedule of investments is as follows:


Government/REPO Portfolio

(Unaudited)

Schedule of Investments

September 30, 2012

 

Par Value           Interest Rate     Maturity      Amortized
Cost
 

 

REPURCHASE AGREEMENTS – 100.1%

       
$ 15,000,000      

Deutsche Bank Securities, Inc.
To be repurchased at $15,000,312 (collateralized by $27,446,645 par amount of Federal National Mortgage Association Stripped Mortgage Backed Security, 0.00%, due 10/01/2040; Total Value $16,650,000)

     0.25     10/01/12       $ 15,000,000   
  15,000,000      

Goldman Sachs & Co.
To be repurchased at $15,000,263 (collateralized by $15,485,917 par amount of Federal National Mortgage Backed Securities, 3.00% to 4.00%; due 09/01/2022 to 10/01/2041; Total Value $15,450,001)

     0.21     10/01/12         15,000,000   
  15,525,000      

HSBC Securities (USA), Inc.
To be repurchased at $15,525,311 (collateralized by $15,851,000 par amount of U.S. Treasury Bill and U.S. Treasury Note, 0.00% to 0.25%; due 12/27/2012 to 09/15/2015; Total Value $15,835,653)

     0.24     10/01/12         15,525,000   
  15,000,000      

Morgan Stanley & Co., Inc.
To be repurchased at $15,000,312 (collateralized by $16,325,019 par amount of Federal National Mortgage Backed Securities, 3.50% to 4.00%; due 11/01/2025 to 05/01/2042; Total Value $15,450,000)

     0.25     10/01/12         15,000,000   
  15,000,000      

RBS Securities, Inc.
To be repurchased at $15,000,338 (collateralized by $37,930,000 par amount of U.S. Treasury Non-Callable STRIP, 0.00%; due 08/15/2042; Total Value $15,300,583)

     0.27     10/01/12         15,000,000   
  15,000,000      

UBS Securities LLC
To be repurchased at $15,000,287 (collateralized by $15,497,644 par amount of Government National Mortgage Single Family Loan Pools, 4.50% to 5.00%; due 01/20/2042 to 05/20/2042; Total Value $15,300,000)

     0.23     10/01/12         15,000,000   
          

 

 

 
  

Total Repurchase Agreements
(Cost $90,525,000)

          90,525,000   
          

 

 

 
  

Total Investments – 100.1%
(Cost $90,525,000) *

          90,525,000   
  

Liabilities in excess of Other Assets – (0.1%)

          (57,305
          

 

 

 
  

Net Assets – 100.0%

        $ 90,467,695   
          

 

 

 
  

Net Asset Value

        $ 1.00   
          

 

 

 

 

* Aggregate cost is the same for financial reporting and Federal tax purposes.

See accompanying notes to Schedule of Investments


Money Market Portfolio

(Unaudited)

Schedule of Investments

September 30, 2012

 

Par Value           Interest Rate     Maturity      Amortized
Cost
 

 

U.S. TREASURY OBLIGATIONS – 12.0%

       
$ 10,000,000      

U.S. Treasury Bill (1)

     0.14     02/07/13       $ 9,994,983   
  10,000,000      

U.S. Treasury Bill (1)

     0.14     02/28/13         9,994,167   
  10,000,000      

U.S. Treasury Bill (1)

     0.13     03/21/13         9,993,706   
  15,000,000      

U.S. Treasury Bill (1)

     0.14     03/21/13         14,990,025   
  20,000,000      

U.S. Treasury Bill (1)

     0.14     03/28/13         19,986,156   
  10,000,000      

U.S. Treasury Note

     1.38     11/15/12         10,015,134   
  10,000,000      

U.S. Treasury Note

     0.63     04/30/13         10,024,310   
  10,000,000      

U.S. Treasury Note

     0.50     05/31/13         10,018,417   
  12,000,000      

U.S. Treasury Note

     0.38     06/30/13         12,012,109   
          

 

 

 
  

Total U.S. Treasury Obligations
(Cost $107,029,007)

          107,029,007   
          

 

 

 

 

BANK OBLIGATIONS – 35.3%

  

    

 

        YANKEE CERTIFICATES OF DEPOSIT – 35.3%

       
  8,000,000      

Bank of Montreal, Chicago

     0.31     02/07/13         8,000,000   
  11,000,000      

Bank of Nova Scotia, Houston (2)

     0.32     02/11/13         11,000,000   
  17,000,000      

Bank of Nova Scotia, Houston (2)

     0.27     02/15/13         17,000,000   
  20,000,000      

Bank of Tokyo Mitsubishi UFJ, Ltd., New York

     0.36     10/05/12         20,000,000   
  15,000,000      

Bank of Tokyo Mitsubishi UFJ, Ltd., New York

     0.48     01/24/13         15,000,000   
  18,000,000      

Canadian Imperial Bank of Commerce, New York

     0.32     01/02/13         17,999,998   
  9,000,000      

Canadian Imperial Bank of Commerce, New York (2)

     0.37     09/25/13         9,000,000   
  10,000,000      

Credit Suisse, New York (2)

     0.39     11/08/12         10,000,038   
  15,000,000      

Mizuho Corporate Bank, Ltd., New York

     0.34     11/02/12         15,000,399   
  15,000,000      

National Australia Bank Ltd., New York (2)

     0.28     10/12/12         15,000,000   
  15,000,000      

National Bank of Canada, New York (2)

     0.32     01/11/13         15,000,000   
  18,000,000      

National Bank of Canada, New York (2)

     0.51     02/13/13         18,009,116   
  16,500,000      

Rabobank Nederland NV, New York

     0.53     10/25/12         16,500,000   
  10,000,000      

Rabobank Nederland NV, New York (2)

     0.50     06/18/13         10,000,000   
  8,000,000      

Royal Bank of Canada, New York (2)

     0.46     05/16/13         8,000,000   
  15,000,000      

Skandinaviska Enskilda Banken AB, New York

     0.44     10/19/12         15,000,299   
  10,000,000      

Sumitomo Mitsui Banking Corp., New York

     0.32     11/13/12         10,000,000   
  13,000,000      

Sumitomo Mitsui Banking Corp., New York

     0.39     02/13/13         13,000,000   
  20,000,000      

Sumitomo Mitsui Trust Bank Ltd., New York

     0.37     10/10/12         20,000,000   
  10,000,000      

Svenska Handelsbanken AB, New York

     0.38     10/11/12         10,000,000   
  12,000,000      

Toronto Dominion Bank, New York

     0.32     03/18/13         12,000,000   
  10,000,000      

Toronto Dominion Bank, New York (2)

     0.31     05/28/13         10,000,000   
  20,000,000      

Westpac Banking Corp., New York (2)

     0.42     02/04/13         20,000,000   
          

 

 

 
  

Total Bank Obligations
(Cost $315,509,850)

          315,509,850   
          

 

 

 

 

See accompanying notes to Schedule of Investments


Money Market Portfolio

(Unaudited)

Schedule of Investments

September 30, 2012

(Continued)

 

Par Value           Interest Rate     Maturity      Amortized
Cost
 

 

CORPORATE DEBT – 28.4%

       

 

        COMMERCIAL PAPER – 28.4%

       

 

        ASSET BACKED SECURITIES – 18.2%

       
$ 20,000,000      

Cancara Asset Securitisation LLC (1)

     0.20     10/03/12       $ 19,999,778   
  27,000,000      

Fairway Finance Co. LLC (2)

     0.26     11/05/12         27,000,000   
  10,000,000      

Kells Funding LLC (1)

     0.58     11/30/12         9,990,333   
  12,000,000      

Kells Funding LLC (2)

     0.38     03/19/13         11,999,344   
  15,000,000      

Nieuw Amsterdam Receivables Corp. (1)

     0.30     10/09/12         14,999,000   
  15,000,000      

Nieuw Amsterdam Receivables Corp. (1)

     0.45     01/02/13         14,982,562   
  15,000,000      

Old Line Funding LLC (1)

     0.32     03/11/13         14,978,533   
  11,815,000      

Regency Markets No. 1 LLC (1)

     0.33     10/15/12         11,813,484   
  15,000,000      

Sydney Capital Corp. (1)

     0.30     12/18/12         14,990,250   
  21,562,000      

Thunder Bay Funding LLC (1)

     0.25     10/09/12         21,560,802   
          

 

 

 
             162,314,086   
          

 

 

 

 

        FINANCIAL COMPANIES – 10.2%

       
  10,000,000      

Barclays US Funding Corp. (1)

     0.05     10/01/12         10,000,000   
  12,000,000      

National Australia Funding, Delaware (1)

     0.28     01/28/13         11,989,092   
  17,000,000      

Nordea North America, Inc. (1)

     0.36     02/08/13         16,977,900   
  22,000,000      

State Street Corp. (1)

     0.31     01/18/13         21,979,351   
  20,000,000      

Svenska Handelsbanken, Inc. (1)

     0.39     10/01/12         20,000,000   
  10,000,000      

Svenska Handelsbanken, Inc. (1)

     0.40     10/01/12         10,000,000   
          

 

 

 
             90,946,343   
          

 

 

 
  

Total Commercial Paper

          253,260,429   
          

 

 

 
  

Total Corporate Debt
(Cost $253,260,429)

          253,260,429   
          

 

 

 

 

MUNICIPAL BONDS – 9.5% (3)

       
  9,315,000      

California Housing Finance Agency RB, Home Mortgage, Series E-1, Letter of Credit: Freddie Mac, Fannie Mae

     0.18     02/01/23         9,315,000   
  5,730,000      

California Housing Finance Agency RB, Multifamily Housing, Series A, Letter of Credit: Freddie Mac, Fannie Mae

     0.16     08/01/40         5,730,000   
  12,500,000      

California Housing Finance Agency RB, Multifamily Housing, Series E, Letter of Credit: Freddie Mac, Fannie Mae

     0.19     08/01/37         12,500,000   
  18,800,000      

Houston, Texas Utility System RB, First Lien, Series B-3, Letter of Credit: Sumitomo Mitsui Banking Corp. New York

     0.17     05/15/34         18,800,000   
  18,000,000      

New York City Housing Development Corp., Multifamily Rent Housing RB, West End Towers, Series A, Credit Support Fannie Mae Liquidity Facility: Fannie Mae

     0.19     05/15/34         18,000,000   
  10,000,000      

New York, Subseries F-3, GO, Letter of Credit: Sumitomo Mitsui Banking Corp. New York

     0.17     09/01/35         10,000,000   

 

See accompanying notes to Schedule of Investments


Money Market Portfolio

(Unaudited)

Schedule of Investments

September 30, 2012

(Concluded)

 

Par Value           Interest Rate     Maturity      Amortized
Cost
 

 

MUNICIPAL BONDS (continued)

       
$ 10,800,000      

Texas State, Veterans Housing Assessment Project, Series A-2, GO, Liquidity Facility: JPMorgan Chase & Co.

     0.18     12/01/29       $ 10,800,000   
          

 

 

 
  

Total Municipal Bonds
(Cost $85,145,000)

          85,145,000   
          

 

 

 

 

REPURCHASE AGREEMENTS – 14.8%

       
  71,733,000      

Deutsche Bank Securities, Inc.
To be repurchased at $71,734,196 (collateralized by $73,450,000 par amount of Federal Home Loan Mortgage Corp. Fixed Rate Note, 0.70%; due 09/27/2016; Total Value $73,167,911)

     0.20     10/01/12         71,733,000   
  60,000,000      

UBS Securities LLC
To be repurchased at $60,001,150 (collateralized by $96,370,173 par amount of Government National Mortgage Single Family Loan Pools, 2.50% to 5.00%; due 07/15/2027 to 03/15/2041; Total Value $61,200,000)

     0.23     10/01/12         60,000,000   
          

 

 

 
  

Total Repurchase Agreements
(Cost $131,733,000)

          131,733,000   
          

 

 

 
  

Total Investments – 100.0%
(Cost $892,677,286) *

          892,677,286   
  

Liabilities in excess of Other Assets – 0.0%

          (79,423
          

 

 

 
  

Net Assets – 100.0%

        $ 892,597,863   
          

 

 

 
  

Net Asset Value

        $ 1.00   
          

 

 

 

 

* Aggregate cost is the same for financial reporting and Federal tax purposes.
(1)

Rate disclosed represents the discount rate at the time of purchase.

(2)

Variable rate security. Interest rate shown is as of report date and the date shown is the final maturity date.

(3)

Variable rate security. Interest rate shown is as of report date and the date shown is the final maturity date, although the principal owed can be recovered through demand upon 7-days notice.

GO General Obligation
RB Revenue Bonds

 

See accompanying notes to Schedule of Investments


Ultrashort Duration Government Portfolio

(Unaudited)

Schedule of Investments

September 30, 2012

 

Par Value           Interest Rate     Maturity      Fair
Value
 

 

U.S. TREASURY OBLIGATIONS – 45.3%

       
$ 13,700,000      

U.S. Treasury Bill (1)

     0.10     12/13/12       $ 13,697,781   
  5,000,000      

U.S. Treasury Bill (1)

     0.17     06/27/13         4,994,310   
  875,000      

U.S. Treasury Bill (1)

     0.18     07/25/13         873,900   
  6,000,000      

U.S. Treasury Bill (1)

     0.16     09/19/13         5,990,892   
  6,240,000      

U.S. Treasury Note

     1.75     04/15/13         6,293,140   
          

 

 

 
  

Total U.S. Treasury Obligations
(Cost $31,848,861)

          31,850,023   
          

 

 

 

 

AGENCY OBLIGATIONS – 53.8%

       
  750,000      

Federal Farm Credit Bank (2)

     1.88     12/07/12         752,356   
  615,000      

Federal Farm Credit Bank (2)

     1.75     02/21/13         618,559   
  1,000,000      

Federal Home Loan Bank (2)

     0.24     04/16/13         1,000,286   
  350,000      

Federal Home Loan Bank (2)

     0.37     05/03/13         350,350   
  272,200      

Federal Home Loan Bank (2)

     4.78     01/25/17         289,417   
  1,000,000      

Federal Home Loan Mortgage Corp. (2)

     1.63     04/15/13         1,007,692   
  1,000,000      

Federal Home Loan Mortgage Corp. (2)

     1.72     04/11/13         1,008,055   
  116,235      

Federal Home Loan Mortgage Corp. (2)

     5.50     09/01/13         119,563   
  600,000      

Federal Home Loan Mortgage Corp. (2)

     0.38     11/27/13         601,028   
  250,000      

Federal Home Loan Mortgage Corp. (2)

     0.63     12/20/13         250,152   
  83,268      

Federal Home Loan Mortgage Corp. (2)

     6.50     07/01/17         90,622   
  469,953      

Federal Home Loan Mortgage Corp. (2)

     5.00     09/01/18         515,721   
  693,551      

Federal Home Loan Mortgage Corp. (2)

     4.50     11/01/18         745,381   
  476,741      

Federal Home Loan Mortgage Corp. (2)

     4.50     04/01/21         512,816   
  205,570      

Federal Home Loan Mortgage Corp., CMO (2)

     5.50     02/15/15         207,750   
  298,453      

Federal Home Loan Mortgage Corp., CMO (2)

     5.50     10/15/17         319,067   
  103,386      

Federal Home Loan Mortgage Corp., CMO (2)

     5.75     12/15/18         103,482   
  104,775      

Federal Home Loan Mortgage Corp., CMO (2)

     5.50     12/15/20         105,191   
  285,146      

Federal Home Loan Mortgage Corp., CMO (2)

     4.50     01/15/23         289,387   
  264,421      

Federal Home Loan Mortgage Corp., CMO (2)

     5.00     04/15/31         266,318   
  83,481      

Federal Home Loan Mortgage Corp., CMO (2)

     5.00     06/15/31         83,854   
  44,098      

Federal Home Loan Mortgage Corp., CMO (2)

     5.50     01/15/32         44,155   
  64,315      

Federal Home Loan Mortgage Corp., CMO (2)

     5.50     07/15/32         65,323   
  26,954      

Federal Home Loan Mortgage Corp., CMO (2)

     5.00     08/15/32         26,954   
  452,547      

Federal Home Loan Mortgage Corp., CMO (2)

     5.00     11/15/32         455,988   
  550,000      

Federal National Mortgage Association (2)

     1.75     02/22/13         553,422   
  238,190      

Federal National Mortgage Association (2)

     4.97     12/01/13         246,494   
  600,000      

Federal National Mortgage Association (2)

     2.50     05/15/14         621,641   
  450,000      

Federal National Mortgage Association (2)

     0.70     03/26/15         451,309   
  152,978      

Federal National Mortgage Association (2)

     4.50     05/01/18         167,569   
  390,515      

Federal National Mortgage Association (2)

     4.00     07/01/18         418,670   
  1,061,801      

Federal National Mortgage Association (2)

     4.00     10/01/20         1,136,032   
  669,817      

Federal National Mortgage Association, CMO (2)

     6.00     01/25/29         686,279   
  290,531      

Federal National Mortgage Association, CMO (2)

     5.50     09/25/31         291,660   
  372,213      

Federal National Mortgage Association, CMO (2)

     5.00     03/25/32         375,609   
  1,021,742      

Federal National Mortgage Association, CMO (2)

     5.50     05/25/32         1,025,802   

 

See accompanying notes to Schedule of Investments


Ultrashort Duration Government Portfolio

(Unaudited)

Schedule of Investments

September 30, 2012

(Continued)

 

Par Value           Interest Rate     Maturity      Fair
Value
 

 

AGENCY OBLIGATIONS (continued)

       
$ 769,902      

Federal National Mortgage Association, CMO (2)

     5.00     10/25/32       $ 773,753   
  241,252      

Federal National Mortgage Association, CMO (2)

     6.00     10/25/33         243,885   
  271,473      

Federal National Mortgage Association, CMO (2)

     5.00     08/25/35         274,272   
  346,768      

Federal National Mortgage Association, CMO (2)

     5.00     08/25/47         347,962   
  107,244      

Government National Mortgage Association

     4.50     01/16/28         110,410   
  335,231      

Government National Mortgage Association

     5.85     07/20/58         360,944   
  572,317      

Government National Mortgage Association

     5.46     07/20/59         635,634   
  1,040,300      

Government National Mortgage Association

     5.46     07/20/59         1,163,504   
  528,124      

Government National Mortgage Association

     5.46     07/20/59         582,197   
  520,967      

Government National Mortgage Association

     5.46     08/20/59         575,582   
  306,639      

Government National Mortgage Association

     5.47     08/20/59         337,887   
  512,706      

Government National Mortgage Association

     5.47     08/20/59         566,142   
  798,574      

Government National Mortgage Association

     5.51     10/20/59         889,196   
  423,085      

Government National Mortgage Association

     5.59     11/20/59         470,165   
  866,937      

Government National Mortgage Association

     5.50     01/20/60         970,981   
  1,044,799      

Government National Mortgage Association

     4.86     01/20/61         1,180,702   
  595,098      

Government National Mortgage Association (3)

     1.07     12/20/61         602,936   
  768,556      

Government National Mortgage Association (3)

     1.14     02/20/62         778,772   
  740,721      

Government National Mortgage Association

     4.71     03/20/62         834,030   
  526,498      

Government National Mortgage Association

     5.16     06/20/62         591,316   
  747,506      

Government National Mortgage Association

     5.41     06/20/62         824,495   
  192,764      

Government National Mortgage Association, CMO (3)

     4.60     07/16/29         193,955   
  45,274      

Government National Mortgage Association, CMO

     4.86     02/16/30         45,490   
  661,544      

Government National Mortgage Association, CMO (3)

     5.16     06/16/31         671,501   
  161,164      

Government National Mortgage Association, CMO (3)

     4.88     12/16/31         165,272   
  489,475      

Government National Mortgage Association, CMO (3)

     4.93     09/16/32         511,866   
  409,607      

Government National Mortgage Association, CMO

     2.16     07/16/33         419,081   
  641,089      

Government National Mortgage Association, CMO

     1.70     08/16/33         653,392   
  268,229      

Government National Mortgage Association, CMO

     4.92     05/16/34         280,953   
  143,724      

Government National Mortgage Association, CMO

     2.21     11/16/34         146,698   
  322,759      

Government National Mortgage Association, CMO (3)

     4.91     03/16/35         343,865   
  192,420      

Government National Mortgage Association, CMO

     2.21     12/16/35         196,716   
  222,336      

Government National Mortgage Association, CMO

     2.16     11/16/36         227,572   
  168,315      

Government National Mortgage Association, CMO

     5.19     05/16/39         171,878   

 

See accompanying notes to Schedule of Investments


Ultrashort Duration Government Portfolio

(Unaudited)

Schedule of Investments

September 30, 2012

(Concluded)

 

Par Value           Interest Rate     Maturity      Fair
Value
 

 

AGENCY OBLIGATIONS (continued)

       
$ 597,520      

Government National Mortgage Association, CMO

     2.00     06/20/39       $ 603,114   
  233,285      

Government National Mortgage Association, CMO

     5.02     06/16/40         244,144   
  147,438      

Government National Mortgage Association, CMO (3)

     5.01     02/16/44         156,859   
  518,814      

National Credit Union Administration Guaranteed Notes, CMO (3)

     0.60     11/06/17         520,111   
  264,927      

Small Business Administration (2)(3)

     3.58     04/25/16         272,539   
  715,083      

Small Business Administration (2)(3)

     3.08     06/25/22         770,577   
  557,380      

Small Business Administration (2)(3)

     3.58     08/25/22         607,414   
  489,001      

Small Business Administration (2)(3)

     4.13     03/25/24         550,649   
  635,000      

Tennessee Valley Authority

     6.00     03/15/13         651,631   
  500,000      

Tennessee Valley Authority

     4.75     08/01/13         518,891   
          

 

 

 
  

Total Agency Obligations
(Cost $37,673,616)

          37,842,887   
          

 

 

 
Shares                           

 

REGISTERED INVESTMENT COMPANY – 0.7%

       
  493,857      

Dreyfus Treasury & Agency Cash Management Fund

          493,857   
          

 

 

 
  

Total Registered Investment Company
(Cost $493,857)

          493,857   
          

 

 

 
  

Total Investments – 99.8%
(Cost $70,016,334) *

          70,186,767   
  

Other Assets in excess of Liabilities – 0.2%

          144,055   
          

 

 

 
  

Net Assets – 100.0%

        $ 70,330,822   
          

 

 

 
  

Net Asset Value

        $ 10.03   
          

 

 

 

 

* The cost and unrealized appreciation and depreciation in the value of the investments owned by the Portfolio as computed on a federal income tax basis are as follows:

 

Aggregate Cost

   $ 70,016,334   
  

 

 

 

Unrealized appreciation

     213,405   

Unrealized depreciation

     (42,972
  

 

 

 

Net unrealized appreciation

   $ 170,433   
  

 

 

 

 

(1)  

Rate disclosed represents the discount rate at the time of purchase.

(2)

These obligations of U.S. Government sponsored entities are not issued or guaranteed by the U.S. Treasury.

(3)

Variable or floating rate security. Rate disclosed is as of September 30, 2012.

CMO Collateralized Mortgage Obligation

 

See accompanying notes to Schedule of Investments


Ultrashort Duration Bond Portfolio

(Unaudited)

Schedule of Investments

September 30, 2012

 

Par Value           Interest Rate     Maturity      Fair
Value
 

 

U.S. TREASURY OBLIGATIONS – 16.7%

       
$ 350,000      

U.S. Treasury Bill (1)

     0.17     04/04/13       $ 349,753   
  1,000,000      

U.S. Treasury Bill (1)

     0.17     04/04/13         999,294   
  1,100,000      

U.S. Treasury Bill (1)

     0.18     04/04/13         1,099,223   
  1,173,900      

U.S. Treasury Bill (1)

     0.18     04/04/13         1,173,071   
  2,500,000      

U.S. Treasury Bill (1)

     0.17     06/27/13         2,497,155   
  1,000,000      

U.S. Treasury Bill (1)

     0.16     07/25/13         998,743   
  2,000,000      

U.S. Treasury Bill (1)

     0.16     07/25/13         1,997,486   
  750,000      

U.S. Treasury Bill (1)

     0.18     07/25/13         749,057   
  625,000      

U.S. Treasury Bill (1)

     0.18     07/25/13         624,214   
  1,000,000      

U.S. Treasury Note

     0.75     03/31/13         1,002,969   
  5,100,000      

U.S. Treasury Note

     1.75     04/15/13         5,144,227   
  4,400,000      

U.S. Treasury Note

     0.13     07/31/14         4,390,892   
          

 

 

 
  

Total U.S. Treasury Obligations
(Cost $21,021,448)

          21,026,084   
          

 

 

 

 

COMMERCIAL MORTGAGE-BACKED SECURITIES – 14.0%

       
  1,000,000      

Banc of America Merrill Lynch Commercial Mortgage, Inc.

     5.60     07/10/46         1,011,503   
  352,173      

Bear Stearns Commercial Mortgage Securities

     4.98     02/11/41         353,086   
  327,228      

Bear Stearns Commercial Mortgage Securities

     5.74     06/11/50         341,940   
  500,000      

Citigroup/Deutsche Bank Commercial Mortgage Trust (2)

     5.39     07/15/44         511,807   
  159,360      

Commercial Mortgage Pass Through Certificates (2)

     5.23     07/10/37         163,204   
  243,131      

Commercial Mortgage Pass Through Certificates (2)

     5.90     06/10/46         246,405   
  715,440      

Credit Suisse Mortgage Capital Certificates

     5.44     09/15/39         725,039   
  454,289      

CW Capital Cobalt Ltd.

     5.42     04/15/47         457,649   
  561,305      

GMAC Commercial Mortgage Securities, Inc.

     4.78     03/10/38         574,661   
  260,272      

Greenwich Capital Commercial Funding Corp.

     4.57     08/10/42         262,183   
  787,122      

GS Mortgage Securities Corp. II (2)

     5.28     08/10/38         800,358   
  929,052      

GS Mortgage Securities Corp. II (2)

     5.78     08/10/45         942,116   
  527,151      

JP Morgan Chase Commercial Mortgage Securities Corp. (2)

     5.68     12/12/44         539,431   
  1,478,584      

JP Morgan Chase Commercial Mortgage Securities Corp.

     5.58     05/12/45         1,518,330   
  418,955      

JP Morgan Chase Commercial Mortgage Securities Corp.

     4.63     03/15/46         420,199   
  429,944      

LB-UBS Commercial Mortgage Trust (2)

     4.56     09/15/27         430,228   
  431,991      

Merrill Lynch Mortgage Trust (2)

     5.80     05/12/39         433,989   
  218,688      

Merrill Lynch/Countrywide Commercial Mortgage Trust (2)

     5.63     02/12/39         227,270   
  1,400,000      

Merrill Lynch/Countrywide Commercial Mortgage Trust

     5.36     08/12/48         1,420,748   
  865,428      

Merrill Lynch/Countrywide Commercial Mortgage Trust (2)

     6.10     08/12/49         929,014   
  316,375      

Merrill Lynch/Countrywide Commercial Mortgage Trust (2)

     6.13     08/12/49         331,524   
  139,274      

Morgan Stanley Capital I

     4.88     08/13/42         140,477   
  725,612      

Morgan Stanley Capital I (2)

     5.61     03/12/44         738,399   

 

See accompanying notes to Schedule of Investments


Ultrashort Duration Bond Portfolio

(Unaudited)

Schedule of Investments

September 30, 2012

(Continued)

 

Par Value           Interest Rate     Maturity      Fair
Value
 

 

COMMERCIAL MORTGAGE-BACKED SECURITIES (continued)

       
$ 710,755      

Morgan Stanley Capital I

     5.71     07/12/44       $ 724,565   
  1,435,681      

Morgan Stanley Capital I

     5.09     10/12/52         1,434,510   
  113,170      

Nomura Asset Securities Corp. (2)

     7.32     03/15/30         113,971   
  772,734      

Wachovia Bank Commercial Mortgage Trust

     5.73     07/15/45         776,099   
  1,052,311      

Wachovia Bank Commercial Mortgage Trust (2)

     5.93     06/15/49         1,134,082   
          

 

 

 
  

Total Commercial Mortgage-Backed Securities
(Cost $17,689,243)

          17,702,787   
          

 

 

 

 

ASSET-BACKED SECURITIES – 15.5%

       
  1,300,000      

Ally Auto Receivables Trust

     0.85     08/15/16         1,310,202   
  845,000      

Ally Master Owner Trust

     1.21     06/15/17         849,321   
  705,284      

AmeriCredit Automobile Receivables Trust

     0.91     10/08/15         707,561   
  625,000      

AmeriCredit Prime Automobile Receivables Trust

     3.76     07/15/15         640,356   
  400,000      

Americredit Prime Automobile Receivables Trust

     4.99     07/17/17         414,233   
  479,873      

Atlantic City Electric Transition Funding LLC

     4.91     07/20/17         506,980   
  332,866      

CIT Marine Trust

     6.25     11/15/19         333,045   
  450,000      

CNH Equipment Trust

     0.94     05/15/17         453,952   
  800,000      

Discover Card Master Trust (2)

     0.73     06/15/15         800,533   
  750,000      

Discover Card Master Trust I (2)

     0.55     06/16/15         749,661   
  236,052      

Ford Credit Auto Owner Trust

     4.43     11/15/14         240,850   
  650,000      

Ford Credit Auto Owner Trust

     1.58     09/15/15         659,121   
  1,000,000      

Ford Credit Floorplan Master Owner Trust

     1.50     09/15/15         1,010,002   
  1,000,000      

Ford Credit Floorplan Master Owner Trust

     2.12     02/15/16         1,022,695   
  345,000      

Ford Credit Floorplan Master Owner Trust

     0.94     09/15/16         345,434   
  850,000      

GE Capital Credit Card Master Note Trust (2)

     1.07     09/15/16         852,938   
  450,000      

GE Capital Credit Card Master Note Trust

     1.51     06/15/18         453,387   
  600,000      

GE Dealer Floorplan Master Note Trust (2)

     0.82     07/20/16         602,251   
  345,000      

GE Equipment Midticket LLC

     5.67     11/16/20         349,752   
  400,000      

GE Equipment Transportation LLC

     0.99     11/23/15         402,902   
  250,000      

GE Equipment Transportation LLC

     1.33     05/20/19         252,209   
  750,000      

MBNA Credit Card Master Note Trust

     4.45     08/15/16         789,964   
  750,000      

Mercedes-Benz Auto Lease Trust

     0.88     11/17/14         752,470   
  600,000      

Nissan Auto Lease Trust

     0.98     05/15/15         606,314   
  750,000      

PSE&G Transition Funding LLC

     6.75     06/15/16         813,260   
  1,415,000      

World Financial Network Credit Card Master Trust

     4.66     05/15/17         1,458,896   
  741,728      

World Omni Auto Receivables Trust

     2.21     05/15/15         750,379   
  360,000      

World Omni Auto Receivables Trust

     2.48     12/15/17         369,472   
  515,000      

World Omni Automobile Lease Securitization Trust

     1.06     11/15/17         517,700   
  575,000      

World Omni Automobile Lease Securitization Trust

     1.49     02/15/18         578,272   
          

 

 

 
  

Total Asset-Backed Securities
(Cost $19,537,643)

          19,594,112   
          

 

 

 

 

AGENCY OBLIGATIONS – 27.2%

       
  1,500,000      

Federal Farm Credit Bank (3)

     1.88     12/07/12         1,504,713   
  520,000      

Federal Farm Credit Bank (3)

     1.75     02/21/13         523,009   

 

See accompanying notes to Schedule of Investments


Ultrashort Duration Bond Portfolio

(Unaudited)

Schedule of Investments

September 30, 2012

(Continued)

 

Par Value           Interest Rate     Maturity      Fair
Value
 

 

AGENCY OBLIGATIONS (continued)

       
$ 1,250,000      

Federal Home Loan Bank (3)

     0.24     04/16/13       $ 1,250,357   
  750,000      

Federal Home Loan Bank (3)

     0.37     05/03/13         750,750   
  1,000,000      

Federal Home Loan Mortgage Corp. (3)

     1.72     04/11/13         1,008,055   
  1,500,000      

Federal Home Loan Mortgage Corp. (3)

     1.63     04/15/13         1,511,538   
  1,200,000      

Federal Home Loan Mortgage Corp. (3)

     0.38     11/27/13         1,202,057   
  855,985      

Federal Home Loan Mortgage Corp. (3)

     5.00     09/01/18         939,348   
  1,300,000      

Federal National Mortgage Association (3)

     1.75     02/22/13         1,308,089   
  1,200,000      

Federal National Mortgage Association (3)

     2.50     05/15/14         1,243,283   
  925,000      

Federal National Mortgage Association (3)

     0.70     03/26/15         927,690   
  1,000,000      

Federal National Mortgage Association (3)

     0.70     04/30/15         1,001,476   
  728,961      

Federal National Mortgage Association (3)

     4.00     07/01/18         781,518   
  1,065,617      

Federal National Mortgage Association, CMO (3)

     6.00     01/25/29         1,091,808   
  367,827      

Federal National Mortgage Association, CMO (3)

     5.50     05/25/32         369,289   
  921,885      

Government National Mortgage Association

     5.85     07/20/58         992,595   
  995,333      

Government National Mortgage Association

     5.46     07/20/59         1,105,450   
  1,056,248      

Government National Mortgage Association

     5.46     07/20/59         1,164,394   
  1,041,933      

Government National Mortgage Association

     5.46     08/20/59         1,151,163   
  1,124,343      

Government National Mortgage Association

     5.47     08/20/59         1,238,918   
  512,706      

Government National Mortgage Association

     5.47     08/20/59         566,142   
  1,375,028      

Government National Mortgage Association

     5.59     11/20/59         1,528,036   
  318,132      

Government National Mortgage Association

     5.72     06/20/61         354,771   
  1,064,405      

Government National Mortgage Association (2)

     1.07     12/20/61         1,078,423   
  1,701,379      

Government National Mortgage Association (2)

     1.14     02/20/62         1,723,995   
  595,792      

Government National Mortgage Association

     5.16     06/20/62         669,142   
  1,096,342      

Government National Mortgage Association

     5.41     06/20/62         1,209,259   
  640,511      

Small Business Administration (2)(3)

     2.83     06/25/22         686,398   
  690,359      

Small Business Administration (2)(3)

     3.58     08/25/22         752,330   
  1,235,174      

Small Business Administration (2)(3)

     3.58     12/25/23         1,353,195   
  2,870,366      

Small Business Administration (2)(3)

     4.12     01/25/25         3,242,038   
          

 

 

 
  

Total Agency Obligations
(Cost $34,081,528)

          34,229,229   
          

 

 

 

 

CORPORATE BONDS – 25.2%

       

 

        BANKS – 8.7%

       
  600,000      

Ally Financial Inc.

     2.20     12/19/12         602,653   
  750,000      

Bank of America Corp. (2)

     1.87     01/30/14         755,377   
  725,000      

Bank of New York Mellon Corp. (The) (2)

     0.72     07/28/14         726,519   
  1,000,000      

Bank of Nova Scotia

     3.40     01/22/15         1,063,814   
  645,000      

Citigroup, Inc.

     5.50     04/11/13         660,781   
  1,000,000      

Credit Suisse, New York

     5.00     05/15/13         1,026,722   
  500,000      

Goldman Sachs Group, Inc. (The)

     5.45     11/01/12         501,962   
  1,000,000      

JP Morgan Chase & Co

     4.65     06/01/14         1,060,396   
  825,000      

Morgan Stanley (2)

     0.76     01/09/14         813,953   
  310,000      

Northern Trust Corp.

     5.50     08/15/13         323,799   
  1,000,000      

PNC Funding Corp (2)

     0.65     01/31/14         998,376   
  650,000      

US Bancorp

     2.00     06/14/13         657,571   
  365,000      

US Bancorp

     4.20     05/15/14         386,533   
  500,000      

Wachovia Corp.

     5.50     05/01/13         514,762   
  500,000      

Wells Fargo & Co.

     4.38     01/31/13         506,645   

 

See accompanying notes to Schedule of Investments


Ultrashort Duration Bond Portfolio

(Unaudited)

Schedule of Investments

September 30, 2012

(Continued)

 

Par Value           Interest Rate     Maturity      Fair
Value
 

 

CORPORATE BONDS (continued)

       
$ 425,000      

Westpac Banking Corp.

     1.85     12/09/13       $ 432,095   
          

 

 

 
             11,031,958   
          

 

 

 

 

        BEVERAGES – 0.8%

       
  945,000      

Anheuser-Busch InBev Worldwide, Inc.

     2.50     03/26/13         954,335   
          

 

 

 
             954,335   
          

 

 

 

 

        CHEMICALS – 0.2%

       
  250,000      

Dow Chemical Co. (The)

     6.00     10/01/12         250,000   
          

 

 

 
             250,000   
          

 

 

 

 

        COMPUTERS – 0.4%

       
  500,000      

Hewlett-Packard Co.

     4.50     03/01/13         507,512   
          

 

 

 
             507,512   
          

 

 

 

 

        DIVERSIFIED FINANCIAL SERVICES – 5.3%

       
  635,000      

American Express Credit Corp.

     7.30     08/20/13         672,790   
  1,000,000      

Caterpillar Financial Services Corp. (2)

     0.75     04/01/14         1,004,619   
  1,385,000      

General Electric Capital Corp. (2)

     1.19     08/11/15         1,387,608   
  800,000      

HSBC Finance Corp.

     6.38     11/27/12         806,892   
  560,000      

John Deere Capital Corp.

     4.95     12/17/12         565,379   
  500,000      

National Rural Utilities Cooperative Finance Corp.

     5.50     07/01/13         519,006   
  500,000      

NYSE Euronext

     4.80     06/28/13         515,756   
  700,000      

Toyota Motor Credit Corp.

     1.90     12/05/12         701,828   
  500,000      

Toyota Motor Credit Corp.

     1.38     08/12/13         504,663   
          

 

 

 
             6,678,541   
          

 

 

 

 

        ELECTRIC – 0.9%

       
  750,000      

Duke Energy Corp.

     6.30     02/01/14         804,986   
  295,000      

Public Service Co. of Colorado

     7.88     10/01/12         295,000   
          

 

 

 
             1,099,986   
          

 

 

 

 

        MEDIA – 1.1%

       
  800,000      

Comcast Cable Communications Holdings, Inc.

     8.38     03/15/13         828,428   
  500,000      

Time Warner Cable, Inc.

     7.50     04/01/14         548,956   
          

 

 

 
             1,377,384   
          

 

 

 

 

        MINING – 0.4%

       
  499,000      

Rio Tinto Alcan, Inc.

     4.50     05/15/13         510,362   
          

 

 

 
             510,362   
          

 

 

 

 

        MULTI-NATIONAL – 1.2%

       
  1,500,000      

International Bank For Reconstruction & Development

     0.50     03/26/14         1,505,579   
          

 

 

 
             1,505,579   
          

 

 

 

 

        OFFICE ELECTRONICS – 0.7%

       
  850,000      

Xerox Corp.

     8.25     05/15/14         942,876   
          

 

 

 
             942,876   
          

 

 

 

 

        OIL & GAS – 1.6%

       
  1,000,000      

Apache Corp.

     5.25     04/15/13         1,025,593   

 

See accompanying notes to Schedule of Investments


Ultrashort Duration Bond Portfolio

(Unaudited)

Schedule of Investments

September 30, 2012

(Concluded)

 

Par Value           Interest Rate     Maturity      Fair
Value
 

 

CORPORATE BONDS (continued)

       
$ 987,000      

ConocoPhillips

     4.75     10/15/12       $ 988,465   
          

 

 

 
             2,014,058   
          

 

 

 

 

        PHARMACEUTICALS – 1.8%

       
  1,000,000      

GlaxoSmithKline Capital, Inc.

     4.85     05/15/13         1,027,755   
  500,000      

Novartis Capital Corp.

     1.90     04/24/13         504,547   
  700,000      

Wyeth LLC

     5.50     03/15/13         716,598   
          

 

 

 
             2,248,900   
          

 

 

 

 

        RETAIL – 0.8%

       
  1,000,000      

Home Depot, Inc. (The)

     5.25     12/16/13         1,058,380   
          

 

 

 
             1,058,380   
          

 

 

 

 

        TELECOMMUNICATION SERVICES – 1.3%

       
  360,000      

Alltel Corp.

     6.50     11/01/13         382,216   
  400,000      

Cisco Systems, Inc.

     1.63     03/14/14         407,648   
  800,000      

Verizon Communications, Inc.

     4.35     02/15/13         811,638   
          

 

 

 
             1,601,502   
          

 

 

 
  

Total Corporate Bonds
(Cost $31,682,580)

          31,781,373   
          

 

 

 
Shares                           

 

REGISTERED INVESTMENT COMPANY – 1.0%

       
  1,232,227      

Dreyfus Treasury & Agency Cash Management Fund

          1,232,227   
          

 

 

 
  

Total Registered Investment Company
(Cost $1,232,227)

          1,232,227   
          

 

 

 
  

Total Investments – 99.6%
(Cost $125,244,669) *

        $ 125,565,812   
  

Other Assets in excess of Liabilities – 0.4%

          462,833   
          

 

 

 
  

Net Assets – 100.0%

        $ 126,028,645   
          

 

 

 
  

Net Asset Value

        $ 10.01   
          

 

 

 

 

* The cost and unrealized appreciation and depreciation in the value of the investments owned by the Portfolio as computed on a federal income tax basis are as follows:

 

Aggregate Cost

   $ 125,244,669   
  

 

 

 

Unrealized appreciation

     416,946   

Unrealized depreciation

     (95,803
  

 

 

 

Net unrealized appreciation

   $ 321,143   
  

 

 

 

 

(1)

Rate disclosed represents the discount rate at the time of purchase.

(2)

Variable or floating rate security. Rate disclosed is as of September 30, 2012.

(3)

These obligations of U.S. Government sponsored entities are not issued or guaranteed by the U.S. Treasury.

 

See accompanying notes to Schedule of Investments


Plan Investment Fund, Inc.

Notes to Schedules of Investments

(Unaudited)

September 30, 2012

Organization and Significant Accounting Policies

Plan Investment Fund, Inc. (“the Fund”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as a diversified open-end registered investment company. The Fund consists of four separate portfolios: the Government/REPO Portfolio, the Money Market Portfolio, the Ultrashort Duration Government Portfolio and the Ultrashort Duration Bond Portfolio (the “Portfolio(s)”).

Portfolio Valuation: The Ultrashort Duration Government and the Ultrashort Duration Bond Portfolios’ net asset value (“NAV”) is calculated once daily at the close of regular trading hours on the New York Stock Exchange (“NYSE”) (generally 4:00 p.m. Eastern time) on each day the NYSE is open. Fixed income securities are fair valued using price evaluations provided by an independent pricing service approved by the Board of Trustees (the “Board”) which may use the following valuation inputs when available: benchmark yields, reported trades, broker/dealer quotes, issuer spreads, benchmark securities, bids and offers and reference data including market research publications.

Investments in other open-end investment companies, if held, are valued based on the NAV of the investment companies (which use fair value pricing as discussed in their prospectuses). If price quotes are unavailable or deemed unreliable, securities will be fair valued in accordance with procedures adopted by the Board.

For the Government/REPO Portfolio and the Money Market Portfolio, the NAV is calculated as of 12 Noon (Eastern Time) and as of 4:00 p.m. (Eastern Time). This is only done on business days on which purchase orders or redemption orders are placed for that Portfolio and there is sufficient trading in instruments held in that Portfolio so that its NAV might be affected materially. Pursuant to Rule 2a-7 of the 1940 Act (as amended), securities are valued using the amortized cost method, which approximates fair value. Under this method, securities are valued at cost when purchased and thereafter a constant proportionate amortization of any discount or premium is recorded until effective maturity or sale of the security.

Fair Value Measurement: The inputs and valuations techniques used to measure fair value of the Portfolios’ investments are summarized into three levels as described in the hierarchy below:

 

   

Level 1 – quoted prices in active markets for identical securities

 

   

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

 

   

Level 3 – significant unobservable inputs (including the Portfolio’s own assumptions in determining the fair value of investments)

Securities held within the Government/REPO Portfolio and the Money Market Portfolio are valued at amortized cost, in accordance with rules under the 1940 Act. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2. Fixed-income securities held within the Ultrashort Duration Government Portfolio and the Ultrashort Duration Bond Portfolio with remaining maturities of greater than sixty days are valued at fair value using price evaluations provided by an independent pricing service which may use the following inputs available: benchmark yields, reported trades, broker/dealer quotes, issuer spreads, benchmark securities, bids and offers and reference data including market research publications. If the remaining maturities of the fixed-income securities and repurchase agreements is sixty days or less the amortized cost is used as it represents fair value. A summary of the inputs used to value the Portfolios’ net assets as of September 30, 2012 is as follows:

 

     Total Fair
Value at
September 30,
2012
     Level 1
Quoted
Price
     Level 2
Significant
Observable
Inputs
     Level 3
Significant
Unobservable
Inputs
 

Government/REPO Portfolio

           

Investments in Securities*

   $ 90,525,000       $ —         $ 90,525,000       $ —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Money Market Portfolio

           

Investments in Securities*

   $ 892,677,286       $ —         $ 892,677,286       $ —     
  

 

 

    

 

 

    

 

 

    

 

 

 


Plan Investment Fund, Inc.

Notes to Schedules of Investments

(Unaudited)

September 30, 2012

(Concluded)

 

     Total Fair
Value at
September 30,
2012
     Level 1
Quoted
Price
     Level 2
Significant
Observable
Inputs
     Level 3
Significant
Unobservable
Inputs
 

Ultrashort Duration Government Portfolio

           

U.S. Treasury Obligations

   $ 31,850,023       $ —         $ 31,850,023       $ —     

Agency Obligations

     37,842,887         —           37,842,887         —     

Registered Investment Company

     493,857         493,857         —           —     
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 70,186,767       $ 493,857       $ 69,692,910       $ —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Ultrashort Duration Bond Portfolio

           

U.S. Treasury Obligations

   $ 21,026,084       $ —         $ 21,026,084       $ —     

Commercial Mortgage-Backed Securities

     17,702,787         —           17,702,787         —     

Asset-Backed Securities

     19,594,112         —           19,594,112         —     

Agency Obligations

     34,229,229         —           34,229,229         —     

Corporate Bonds

     31,781,373         —           31,781,373         —     

Registered Investment Company

     1,232,227         1,232,227         —           —     
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 125,565,812       $ 1,232,227       $ 124,333,585       $ —     
  

 

 

    

 

 

    

 

 

    

 

 

 

 

* Please refer to the schedule of investments for industry and security type breakouts.

At the end of each calendar quarter, management evaluates the Levels 1, 2 and 3 assets and liabilities. Various factors are considered, such as changes in liquidity from the prior reporting period; whether or not a broker is willing to execute at the quoted price, the depth and consistency of prices from third party services.

Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of the Portfolios’ investments may fluctuate from period to period. Additionally, the fair value of investments may differ significantly from the values that would have been used had a readily available market existed for such investments and may differ materially from the values the Portfolios’ may ultimately realize. Further, such investments may be subject to legal and other restrictions on resale or otherwise less liquid than publicly traded securities.

For the nine months ended September 30, 2012, there were no transfers between Levels 1, 2 and 3 for the Portfolios.

For more information with regards to significant accounting policies, see the most recent annual report filed with the Securities and Exchange Commission.


Item 2. Controls and Procedures.

(a) The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “1940 Act”)) are effective, as of a date within 90 days of this filing, based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 15d-15(b) under the Securities Exchange Act of 1934, as amended.

(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) 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) Separate certifications of Principal Executive and Financial Officers pursuant to Rule 30a-2(a) under the 1940 Act.


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.

 

(Registrant) Plan Investment Fund, Inc.
By:  

/s/ Dale E. Palka

Name:   Dale E. Palka
Title:   President and Chief Executive Officer
Date:   November 20, 2012

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/ Dale E. Palka

Name:   Dale E. Palka
Title:   Principal Executive Officer
Date:   November 20, 2012
By:  

/s/ Joseph S. Castellon

Name:   Joseph S. Castellon
Title:   Principal Financial Officer
Date:   November 20, 2012
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