FORM N-SAR
SEMI-ANNUAL REPORT
FOR REGISTERED INVESTMENT COMPANIES
Report for six month period ending: / / (a)
or fiscal year: 12/31/97 (b)
Is this a transition report? (Y/N): N
Is this an amendment to a previous filing? (Y/N): N
Those items or sub-items with a box "[/]" after the item number should be
completed only if the answer has changed from the previous filing on this form.
1.A. Registrant Name: Cardinal GNMA Trust
B. File Number: 811-3948
C. Telephone Number: 614-464-8797
2.A. Street: 155 East Broad
B. City: Columbus C) State: OH D) Zip Code: 43215 Zip Ext.:
E. Foreign Country: Foreign Postal Code:
3. Is this the first filing on this form by Registrant?(Y/N) N
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4. Is this the last filing on this form by Registrant?(Y/N) N
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5. Is Registrant a small business investment company (SBIC)?(Y/N) N
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6. Is Registrant a unit investment trust (UIT)?(Y/N) Y
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7.A. Is Registrant a series or multiple portfolio company?(Y/N) N
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B. How many separate series or portfolios did Registrant have
at the end of the period?
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<PAGE>
If filing more than one Page 2, "X" box: [_]
For period ending 12/31/97
File number 811-3948
C. List the name of each series or portfolio and give a consecutive number to
each series or portfolio starting with the number 1. USE THIS SAME
NUMERICAL DESIGNATION FOR EACH SERIES OR PORTFOLIO IN THE SERIES INFORMATION
BLOCK IN THE TOP RIGHT CORNER OF THE SCREENS SUBMITTED IN THIS FILING AND IN
ALL SUBSEQUENT FILINGS ON THIS FORM. THIS INFORMATION IS REQUIRED EACH TIME
THE FORM IS FILED.
Is this the
Series last filing
Number Series Name for this series?
- ------ ----------- ----------------
(Y/N)
1 Cardinal GNMA Trust Third Series N
(NOTE: See item D(8) of the general instructions to the form for information on
how to complete the form for series companies.)
<PAGE>
If filing more than one Page 50, "X" box: [_]
For period ending 12/31/97
File number 811-3948
123. [/] State the total value of the additional units
considered in answering item 122 ($000's omitted) $
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124. [/] State the total value of units of prior series that
were placed in the portfolios of subsequent series
during the current period (the value of these units is
to be measured on the date they were placed in the
subsequent series) ($000's omitted) $
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125. [/] State the total dollar amount of sales loads collected
(before reallowances to other brokers or dealers) by
Registrant's principal underwriter and any underwriter
which is an affiliated person of the principal underwriter
during the current period solely from the sale of units
of all series of Registrant ($000's omitted) $
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126. Of the amount shown in item 125, state the total dollar
amount of sales loads collected from secondary market
operations in Registrant's units (include the sales
loads, if any, collected on units of a prior series
placed in the portfolio of a subsequent series.)
($000's omitted) $
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127. List opposite the appropriate description below the
number of series whose portfolios are invested
primarily (based upon a percentage of NAV) in each type
of security shown, the aggregate total assets at market
value as of a date at or near the end of the current
period of each such group of series and the total
income distributions made by each such group of series
during the current period (excluding distributions of
realized gains, if any):
Number of Total Assets Total Income
Series ($000's Distributions
Investing omitted) ($000's omitted)
--------- -------- ----------------
A. U.S. Treasury direct issue $ $
--------- ------------ ------------
B. U.S. Government agency 1 $2,224 $215
--------- ------------ ------------
C. State and municipal tax-free $ $
--------- ------------ ------------
D. Public utility debt $ $
--------- ------------ ------------
E. Brokers or dealers debt or debt
of brokers' or dealers' parent $ $
--------- ------------ ------------
F. All other corporate intermediate
& long-term debt $ $
--------- ------------ ------------
G. All other corporate short-term
debt $ $
--------- ------------ ------------
H. Equity securities of brokers or
dealers or parents of brokers or
dealers $ $
--------- ------------ ------------
I. Investment company equity series $ $
--------- ------------ ------------
J. All other equity securities $ $
--------- ------------ ------------
K. Other securities $ $
--------- ------------ ------------
L. Total assets of all series of
registrant 1 $2,224 $215
--------- ------------ ------------
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If filing more than one Page 51, "X" box: [_]
For period ending 12/31/97
File number 811-3948
128. [/] Is the timely payment of principal and interest on
any of the portfolio securities held by any of
Registrant's series at the end of the current period
insured or guaranteed by an entity other than the
issuer? (Y/N)
-------
[If answer is "N" (No), go to item 131.] (Y/N)
129. [/] Is the issuer of any instrument covered in item 128
delinquent or in default as to payment of principal or
interest at the end of the current period? (Y/N)
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[If answer is "N" (No), go to item 131.] (Y/N)
130. [/] In computations of NAV or offering price per unit,
is any part of the value attributed to instruments
identified in item 129 derived from insurance or
guarantees? (Y/N)
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(Y/N)
131. Total expenses incurred by all series of Registrant
during the current reporting period ($000's omitted) $
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132. [/] List the "811" (Investment Company Act of 1940) registration
number for all Series of Registrant that are being included in this
filing:
811-3948
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Signature Page
This report is signed on behalf of the depositor in the city of Columbus and of
Ohio on the 31st day of March, 1997.
Cardinal GNMA Trust Series
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(Name of registrant, depositor, or trustee)
Witness:
/s/ John Bevilacqua /s/ John R. Carle
- ------------------------------- ----------------------------------
John Bevilacqua John R. Carle
Vice President & Vice President
Senior Portfolio Manager
