----------------------------
OMB APPROVAL
OMB Number: 3235-0578
Expires: February 28, 2006
Estimated average burden
hours per response: 20.0
----------------------------
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: 811-21284
Registrant Name: NICHOLAS-APPLEGATE CONVERTIBLE & INCOME FUND
Address of Principal Executive Offices: 1345 Avenue of the Americas New York,
New York 10105
Name and Address of Agent for Service: Lawrence G. Altadonna - 1345 Avenue of
the Americas New York, New York 10105
Registrant's telephone number, including area code: 212-739-3371
Date of Fiscal Year End: 2/28
Date of Reporting Period: 5/31
Form N-Q is to be used by the registered management investment company, other
than a small business investment company registered on Form N-5 (ss.ss. 239.24
and 274.5 of this chapter), to file reports with the Commission, not later than
60 days after the close of the first and third fiscal quarters, pursuant to rule
30b 1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The
Commission may use the information provided on Form N-Q in its regulatory,
disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-Q, and
the Commission will make this information public. A registrant is not required
to the collection of information contained in Form N-Q unless the Form displays
a currently valid Office of Management and Budget ("OMB") control number. Please
direct comments concerning the accuracy of the information collection burden
estimate and any suggestions for reducing the burden to the Secretary,
Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC
20549-0609. The OMB has reviewed this collection of information under the
clearance requirements of 44 U.S.C. ss. 3507.
ITEM 1. SCHEDULE OF INVESTMENTS
NICHOLAS-APPLEGATE CONVERTIBLE & INCOME FUND--SCHEDULE OF INVESTMENTS
May 31, 2005 (unaudited)
--------------------------------------------------------------------------------------------------------------
Principal
Amount Credit Rating
(000) (Moody's/S&P) Value*
--------------------------------------------------------------------------------------------------------------
CORPORATE BONDS & NOTES--47.5%
ADVERTISING--0.8%
$10,000 R.H. Donnelley Financial Corp., 10.875%, 12/15/12 B2/B+ $ 11,575,000
------------------
AIRLINES--0.1%
3,980 Northwest Airlines Corp., 10.00%, 2/1/09 Caa1/CCC- 2,089,500
------------------
APPAREL--0.2%
2,000 Levi Strauss & Co., 9.75%, 1/15/15 (a) Caa3/B- 1,940,000
1,085 Phillips-Van Heusen Corp., 8.125%, 5/1/13 B2/BB- 1,155,525
580 Warnaco, Inc., 8.875%, 6/15/13 B1/BB- 632,200
------------------
3,727,725
------------------
AUTOMOTIVE--0.8%
13,168 HLI Operating Co., Inc., 10.50%, 6/15/10 B3/B 12,772,960
------------------
CHEMICALS--4.7%
Huntsman LLC.,
1,781 11.50%, 7/15/12 (a) B2/B 2,048,150
5,713 11.625%, 10/15/10 B1/BB- 6,569,950
13,590 IMC Global Inc., 11.25%, 6/1/11 Ba3/BB 15,016,950
Lyondell Chemical Co.,
3,120 9.625%, 5/1/07, Ser. A B1/BB- 3,318,900
5,115 10.875%, 5/1/09 B3/B 5,294,025
5,435 11.125%, 7/15/12 B1/BB- 6,161,931
10,545 PolyOne Corp., 10.625%, 5/15/10 B3/B+ 11,414,963
11,150 Resolution Performance Products LLC., 13.50%, 11/15/10 Caa2/B- 12,042,000
8,525 Rhodia SA., 10.25%, 6/1/10 B3/CCC+ 9,121,750
------------------
70,988,619
------------------
COMMERCIAL SERVICES--2.0%
11,990 Integrated Electrical Services Inc., 9.375%, 2/1/09, Ser. C Caa2/CCC 9,412,150
7,890 Vertrue Inc., 9.25%, 4/1/14 B2/B 7,751,925
11,000 Xerox Corp., 9.75%, 1/15/09 Ba2/BB- 12,567,500
------------------
29,731,575
------------------
CONTAINERS--0.0%
170 Stone Container Corp., 8.375%, 7/1/12 B2/B 169,575
------------------
ELECTRICAL COMPONENTS & EQUIPMENT--0.6%
7,250 Artesyn Technologies Inc., 5.50%, 8/15/10 NR/NR 8,736,250
------------------
ELECTRONICS--2.5%
8,010 IMAX Corp., 9.625%, 12/1/10 B3/B- 8,410,500
10,100 Sanmina-SCI Corp., 10.375%, 1/15/10 Ba2/BB- 11,160,500
5,000 Seitel Inc., 11.75%, 7/15/11 B3/NR 5,375,000
12,400 Stoneridge Inc., 11.50%, 5/1/12 B1/B+ 12,524,000
------------------
37,470,000
------------------
ENERGY--0.7%
9,080 Reliant Resources Inc., 9.50%, 7/15/13 B1/B+ 9,897,200
------------------
ENGINEERING--0.4%
5,980 URS Corp., 11.50%, 9/15/09 Ba3/B+ 6,727,500
------------------
FINANCE--0.2%
2,590 Metris Companies Inc., 10.125%, 7/15/06 B3/CCC 2,599,712
------------------
FINANCIAL SERVICES--1.1%
11,080 Alamosa Delaware Inc., 11.00%, 7/31/10 Caa1/CCC+ 12,354,200
4,515 AMR Holdings Co., Inc., 10.00%, 2/15/15 (a) Caa1/B- 4,718,175
------------------
17,072,375
------------------
FOOD PRODUCTS--0.6%
8,220 Pilgrim's Pride Corp., 9.625%, 9/15/11 Ba2/BB- 9,000,900
------------------
NICHOLAS-APPLEGATE CONVERTIBLE & INCOME FUND--SCHEDULE OF INVESTMENTS
May 31, 2005 (unaudited)
------------------------------------------------------------------------------------------------------------------
Principal
Amount Credit Rating
(000) (Moody's/S&P) Value*
------------------------------------------------------------------------------------------------------------------
HEALTHCARE--0.3%
$4,241 Hanger Orthopedic Group Inc., 11.25%, 6/15/09 NR/CCC+ $ 3,938,829
1,000 Medcath Holdings Corp., 9.875%, 7/15/12 Caa1/B- 1,125,000
------------------
5,063,829
------------------
HOME BUILDERS--1.6%
12,325 Ryland Group Inc., 9.125%, 6/15/11 Ba2/BB+ 13,346,595
3,865 Standard-Pacific Corp., 9.50%, 9/15/10 Ba2/BB 4,096,900
6,050 William Lyon Homes Inc., 10.75%, 4/1/13 B2/B 6,443,250
------------------
23,886,745
------------------
HOME FURNISHINGS--1.7%
2,750 American Greetings Corp., 7.00%, 7/15/06 Ba2/BB+ 5,242,187
10,290 Central Garden & Pet Co., 9.125%, 2/1/13 B1/B+ 10,958,850
8,785 Jarden Corp., 9.75%, 5/1/12 B3/B- 9,312,100
------------------
25,513,137
------------------
HOTELS/GAMING--0.8%
10,500 Mandalay Resort Group, Inc., 10.25%, 8/1/07, Ser. B Ba3/B+ 11,523,750
------------------
LEISURE--0.9%
6,734 Bally Total Fitness Holdings Corp., 9.875%, 10/15/07, Ser. D Ca/CCC- 5,555,550
7,295 Equinox Holdings Inc., 9.00%, 12/15/09 B3/B- 7,513,850
------------------
13,069,400
------------------
MACHINERY--1.1%
15,690 Case New Holland Inc., 9.25%, 8/1/11 (a) Ba3/BB- 16,552,950
------------------
MANUFACTURING--0.4%
5,650 Jacuzzi Brands Inc., 9.625%, 7/1/10 B3/B 6,130,250
------------------
METALS & MINING--2.2%
10,715 AK Steel Corp., 7.875%, 2/15/09 B1/B+ 10,125,675
6,040 Oregon Steel Mills Inc., 10.00%, 7/15/09 B1/B+ 6,523,200
14,170 United States Steel LLC, 10.75%, 8/1/08 Ba2/BB 16,012,100
------------------
32,660,975
------------------
MISCELLANEOUS--2.3%
35,170 Dow Jones CDX North American High Yield CDS Index,
10.50%, 12/29/09 (a) (b) NR/NR 34,114,900
------------------
MULTI-MEDIA--3.5%
2,715 CSC Holdings Inc., 10.50%, 5/15/16 B2/B+ 2,986,500
11,165 Charter Communications Holdings Inc., 10.75%, 10/1/09 Ca/CCC- 8,652,875
8,330 Echostar DBS Corp., 9.125%, 1/15/09 Ba3/BB- 8,881,863
5,430 Lodgenet Entertainment Corp., 9.50%, 6/15/13 B3/B- 5,837,250
3,970 Salem Communications Holding Corp., 9.00%, 7/1/11 B2/B- 4,287,600
10,000 Spanish Broadcasting System, Inc., 9.625%, 11/01/09 NR/CCC+ 10,500,000
10,580 XM Satellite Radio Inc., 12.00%, 6/15/10 Caa1/CCC+ 11,823,150
------------------
52,969,238
------------------
OFFICE FURNISHINGS--1.2%
Interface, Inc.,
5,375 9.50%, 2/1/14 Caa3/CCC 5,401,875
6,490 10.375%, 2/1/10 Caa1/B- 6,944,300
4,791 Tempur-Pedic Inc., 10.25%, 8/15/10 B2/B 5,318,010
------------------
17,664,185
------------------
OIL & GAS-- 1.9%
3,730 Dynegy Holdings Inc., 10.125%, 7/15/13 (a) B3/B- 4,140,300
10,500 Petroleum Geo-Services ASA., 10.00%, 11/5/10 Ba3/B+ 11,655,000
13,330 Sonat, Inc., 7.625%, 7/15/11 Caa1/CCC+ 13,196,700
------------------
28,992,000
------------------
PAPER PRODUCTS--1.4%
6,272 Buckeye Technologies, Inc., 9.25%, 9/15/08 Caa1/B 6,287,680
12,650 Georgia-Pacific Corp., 9.375%, 2/1/13 Ba2/BB+ 14,326,125
------------------
20,613,805
------------------
PHARMACEUTICALS--0.5%
7,515 Leiner Health Products Corp., 11.00%, 6/1/12 B3/CCC+ 7,590,150
------------------
NICHOLAS-APPLEGATE CONVERTIBLE & INCOME FUND--SCHEDULE OF INVESTMENTS
May 31, 2005 (unaudited)
--------------------------------------------------------------------------------------------------------------
Principal
Amount Credit Rating
(000) (Moody's/S&P) Value*
--------------------------------------------------------------------------------------------------------------
RECYCLING--0.8%
$10,495 Imco Recycling Inc., 10.375%, 10/15/10 B2/B $ 11,649,450
------------------
RETAIL--2.7%
545 Brown Shoe Co., Inc., 8.75%, 5/1/12 (a) B1/BB- 555,900
9,110 Michaels Stores, Inc., 9.25%, 7/1/09 Ba1/BB+ 9,565,500
4,240 Mothers Work Inc., 11.25%, 8/1/10 Caa1/B 4,240,000
Rite Aid Corp.,
13,815 11.25%, 7/1/08 Caa1/B- 14,540,287
7,500 12.50%, 9/15/06 NR/B+ 8,100,000
4,000 United Auto Group, Inc., 9.625%, 3/15/12 B3/B 4,240,000
------------------
41,241,687
------------------
SEMI-CONDUCTORS--0.7%
13,085 Amkor Technology, Inc., 10.50%, 5/1/09 Caa1/CCC 9,879,175
------------------
TELECOMMUNICATIONS--4.7%
Crown Castle International, Inc.,
2,000 9.00%, 5/15/11 NR/CCC+ 2,090,000
13,395 10.75%, 8/1/11 NR/CCC+ 14,248,931
11,710 Hawaiian Telcom Communications, Inc., 12.50%, 5/1/15 (a) Caa1/B- 12,178,400
13,800 Millicom International Cellular S.A., 10.00%, 12/1/13 B3/B- 13,386,000
12,500 Primus Telecommunications Group, Inc., 12.75%, 10/15/09 Caa3/CCC 5,625,000
11,960 Qwest Services Corp., 14.00%, 12/15/14 (a) Caa1/B 14,142,700
8,860 Time Warner Telecom, Inc., 10.125%, 2/1/11 B3/CCC+ 8,594,200
------------------
70,265,231
------------------
TRANSPORTATION--1.0%
9,150 Yellow Roadway Corp., 5.00%, 8/8/23 Ba1/BBB- 15,097,500
------------------
UTILITIES--3.1%
13,025 AES Corp., 9.50%, 6/1/09 B1/B- 14,457,750
12,750 Mission Energy Holdings International Inc., 13.50%, B2/CCC+ 15,045,000
7/15/08
6,075 PG&E Corp., 9.50%, 6/30/10 NR/NR 17,108,719
------------------
46,611,469
------------------
Total Corporate Bonds & Notes (cost-$727,243,740) 713,648,717
------------------
CONVERTIBLE BONDS & NOTES--26.2%
AEROSPACE--0.2%
2,000 GenCorp, Inc., 4.00%, 1/16/24 Caa2/B 2,637,500
------------------
AIRLINES--1.5%
20,572 Continental Airlines, Inc., 4.50%, 2/1/07 Caa2/CCC+ 16,817,610
9,485 Northwest Airlines Corp., 6.625%, 5/15/23 Caa1/CCC- 5,311,600
------------------
22,129,210
------------------
CHEMICALS--0.9%
7,020 Millennium Chemicals Inc., 4.00%, 11/15/23 B1/BB- 13,241,475
------------------
COMMERCIAL SERVICES--2.8%
9,100 Bowne & Co., Inc., 5.00%, 10/1/33 B2/B- 9,657,375
13,450 Memberworks Inc., 5.50%, 10/1/10 NR/B- 15,400,250
17,314 World Color Press, Inc., 6.00%, 10/1/07 Ba1/BB+ 17,746,850
------------------
42,804,475
------------------
COMPUTERS--1.0%
17,400 Maxtor Corp., 6.80%, 4/30/10 B2/NR 15,790,500
------------------
FINANCING--1.4%
18,500 GATX Corp., 7.50%, 2/1/07 Baa3/BBB- 21,344,375
------------------
HEALTHCARE--0.4%
3,700 Matria Healthcare Inc., 4.875%, 5/1/24 NR/B- 6,044,875
------------------
INTERNET--1.3%
18,800 E*Trade Group, Inc., 6.00%, 2/1/07 NR/B- 18,894,000
------------------
NICHOLAS-APPLEGATE CONVERTIBLE & INCOME FUND--SCHEDULE OF INVESTMENTS
May 31, 2005 (unaudited)
--------------------------------------------------------------------------------------------------------------
Principal
Amount Credit Rating
(000) (Moody's/S&P) Value*
--------------------------------------------------------------------------------------------------------------
MANUFACTURING--1.2%
$12,900 Goodyear Tire & Rubber Co., 4.00%, 6/15/34 (a) B3/B- $ 17,527,875
------------------
METALS & MINING--1.1%
12,600 Freeport-McMoRan Copper & Gold Inc., 7.00%, 2/11/11 NR/B+ 16,474,500
------------------
MULTI-MEDIA--1.1%
16,995 EchoStar Communications Corp., 5.75%, 5/15/08 B2/B 16,761,319
------------------
OIL & GAS--2.1%
14,100 Devon Energy Corp., 4.95%, 8/15/08 Baa2/BBB 15,615,750
7,604 St. Mary Land & Exploration Corp., 5.75%, 3/15/22 NR/NR 15,987,410
------------------
31,603,160
------------------
PHARMACEUTICALS--1.9%
9,650 Ligand Pharmaceuticals Inc., 6.00%, 11/16/07 NR/NR 10,542,625
17,750 Sepracor, Inc., 5.00%, 2/15/07 NR/CCC+ 17,772,187
------------------
28,314,812
------------------
RETAIL--1.8%
6,105 Guitar Center, Inc., 4.00%, 7/15/13 B1/BB- 10,279,294
17,708 Sonic Automotive, Inc., 5.25%, 5/7/09 B3/B 17,597,325
------------------
27,876,619
------------------
SEMI-CONDUCTORS--2.2%
15,900 Advanced Micro Devices, Inc., 4.75%, 2/1/22 B3/B- 15,681,375
Amkor Technology, Inc.,
2,363 5.00%, 3/15/07 Caa1/CCC 1,748,620
17,379 5.75%, 6/1/06 Caa1/CCC 15,032,835
------------------
32,462,830
------------------
TELECOMMUNICATIONS--5.3%
19,000 American Tower Corp., 5.00%, 2/15/10 B3/CCC+ 18,786,250
15,900 CenturyTel, Inc., 4.75%, 8/1/32 Baa2/BBB+ 16,595,625
8,740 Crown Castle International, Inc., 4.00%, 7/15/10 NR/CCC+ 16,398,425
17,000 Nextel Communications, Inc., 5.25%, 1/15/10 Ba3/BB 17,042,500
12,345 Nortel Networks Corp., 4.25%, 9/1/08 B3/B- 11,341,969
------------------
80,164,769
------------------
Total Convertible Bonds & Notes (cost-$404,088,594) 394,072,294
------------------
CONVERTIBLE PREFERRED STOCK--23.3%
Shares
(000)
----------------
AUTOMOTIVE--1.6%
284 Ford Motor Co. Capital Trust II, 6.50%, 1/15/32 Ba1/B+ 11,530,522
562 General Motors Corp., 6.25%, 7/15/33, Ser.C Baa3/BB 11,884,185
------------------
23,414,707
------------------
BANKING--1.1%
322 Washington Mutual, Inc., 5.375%, 5/3/41 Baa1/BBB 16,979,692
------------------
COMMERCIAL SERVICES--1.8%
530 United Rentals, Inc., 6.50%, 8/1/28 B3/B 22,525,000
45 Xerox Corp., 6.25%, 7/1/06 B1/B- 5,355,000
------------------
27,880,000
------------------
FINANCIAL SERVICES--1.2%
540 Genworth Financial Inc., 6.00%, 5/16/07 A2/A 17,782,200
------------------
INSURANCE--3.4%
537 Platinum Underwriters Holdings, Ltd., 7.00%, 11/16/05 NR/BBB 15,449,474
765 PMI Group Inc., 5.875, 11/15/06 A1/A 18,375,300
705 XL Capital Ltd., 6.50%, 5/15/07 A2/A 16,934,100
------------------
50,758,874
------------------
METALS & MINING--2.1%
138 Arch Coal Inc., 5.00%, 12/31/49 B3/B 16,475,806
113 U.S. Steel Corp., 7.00%, 6/15/06, Ser. B NR/B 14,422,331
------------------
30,898,137
------------------
NICHOLAS-APPLEGATE CONVERTIBLE & INCOME FUND--SCHEDULE OF INVESTMENTS
May 31, 2005 (unaudited)
--------------------------------------------------------------------------------------------------------------
Shares Credit Rating
(000) (Moody's/S&P) Value*
--------------------------------------------------------------------------------------------------------------
OIL & GAS--5.8%
190 Amerada Hess Corp., 7.00%, 12/01/06 Ba3/BB $ 15,200,000
129 Chesapeake Energy Corp., 5.00%, 12/31/49 B3/B- 17,487,565
550 ONEOK, Inc., 8.50%, 2/16/06 Baa1/BBB+ 20,647,000
267 Public Service Enterprise Group Inc., 10.25%, 11/16/05 Baa3/BBB- 18,596,550
178 Williams Cos., Inc., 5.50%, 6/1/33 NR/B- 15,651,000
------------------
87,582,115
------------------
PHARMACEUTICALS--1.5%
441 Schering-Plough Corp., 6.00%, 9/14/07 Baa3/BBB 22,667,400
------------------
RETAIL--1.1%
725 Albertson's Inc., 7.25%, 5/16/07 Baa2/BBB 16,205,436
------------------
TELECOMMUNICATIONS--1.5%
28 Corning, Inc., 7.00%, 8/16/05 B1/BB+ 21,987,839
------------------
UTILITIES--2.2%
370 AES Trust III, 6.75%, 10/15/29 B3/CCC+ 17,242,000
255 FPL Group, Inc., 8.00%, 2/16/06 NR/A- 15,681,392
------------------
32,923,392
------------------
Total Convertible Preferred Stock (cost-$324,716,241) 349,079,792
------------------
Principal
Amount
(000)
----------------
TIME DEPOSIT--1.8%
$26,378 Bank of America, 2.52%, 6/01/05 (cost-$26,378,272)
26,378,272
------------------
U.S. GOVERNMENT SECURITIES--1.2%
United States Treasury Notes, 10.75%, 8/15/05,
18,000 (cost-$18,336,378) Aaa/AAA 18,294,624
------------------
TOTAL INVESTMENTS (cost-$1,500,763,225)--100% $ 1,501,473,699
==================
NOTES TO SCHEDULE OF INVESTMENTS
* Portfolio securities and other financial instruments for which market
quotations are readily available are stated at market value. The Fund's
investments are valued daily by an independent pricing service, dealer
quotations, or are valued at the last sale price on the exchange that is
the primary market for such securities, or the last quoted bid price for
those securities for which the over-the-counter market is the primary
market or for listed securities in which there were no sales. Prices
obtained from independent pricing services use information provided by
market makers or estimates of market values obtained from yield data
relating to investments or securities with similar characteristics.
Short-term investments maturing in 60 days or less are valued at amortized
cost, if their original maturity was 60 days or less, or by amortizing
their value on the 61st day prior to maturity, if the original term to
maturity exceeded 60 days. Interest rate cap agreements are marked to
market daily by the Sub-Adviser based upon quotations provided from market
makers. Portfolio securities and other financial instruments for which
market quotations are not readily available or if a development/event
occurs that may significantly impact the value of a security, may be
fair-valued, in good faith, pursuant to procedures established by the Board
of Trustees. The prices used by the Fund to value securities may differ
from the value that would be realized if the securities were sold. The
Fund's net asset value is determined daily at the close of regular trading
(normally, 4:00 p.m. Eastern time) on the New York Stock Exchange.
(a) 144A security - Security exempt from registration under Rule 144A of the
securities Act of 1933. These securities may be resold in transactions
exempt from registration, typically only qualified institutional investors.
(b) Credit-linked trust certificate
GLOSSARY:
NR - Not Rated
INTEREST RATE CAP AGREEMENTS OUTSTANDING AT MAY 31, 2005:
Notional Termination Payment received Unrealized
Counterparty Amount Date Premium by Fund Appreciation
--------------------------------------------------------------------------------------------------------------
UBS AG $525,000,000 1/15/2006 $5,131,875 1 month LIBOR-BBA $702,229
over 2% strike price --------
--LIBOR--London Interbank Offered Rate
ITEM 2. CONTROLS AND PROCEDURES
(a) The registrant's President and Chief Executive Officer and Principal
Financial Officer have concluded that the registrant's disclosure controls and
procedures (as defined in Rule 30a-2(c) under the Investment Company Act of
1940, as amended are effective based on their evaluation of these controls and
procedures as of a date within 90 days of the filing date of this document.
(b) There were no significant changes in the registrant's internal controls or
in factors that could affect these controls subsequent to the date of their
evaluation, including any corrective actions with regard to significant
deficiencies and material weaknesses.
ITEM 3. EXHIBITS
(a) Exhibit 99.302 Cert. - Certification pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002
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: NICHOLAS-APPLEGATE CONVERTIBLE & INCOME FUND
By /s/ Brian S. Shlissel
President & Chief Executive Officer
Date: July 21, 2005
By /s/ Lawrence G. Altadonna
Treasurer, Principal Financial & Accounting Officer
Date: July 21, 2005
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
dated indicated.
By /s/ Brian S. Shlissel
President & Chief Executive Officer
Date: July 21, 2005
By /s/ Lawrence G. Altadonna
Treasurer, Principal Financial & Accounting Officer
Date: July 21, 2005