UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 11-K
(Mark One)
x | ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the fiscal year ended December 31, 2011
OR
¨ | TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
Commission file number 000-12477
AMGEN RETIREMENT AND SAVINGS PLAN
(Full title of the plan)
AMGEN INC.
(Name of issuer of the securities held)
One Amgen Center Drive, | 91320-1799 | |
Thousand Oaks, California | (Zip Code) | |
(Address of principal executive offices) |
Amgen Retirement and Savings Plan
Audited Financial Statements
and Supplemental Schedules
Years Ended December 31, 2011 and 2010
1 | ||||
Audited Financial Statements: |
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Statements of Net Assets Available for Benefits at December 31, 2011 and 2010 |
2 | |||
3 | ||||
4 | ||||
Supplemental Schedules: |
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19 | ||||
40 | ||||
Schedule of Loans or Fixed Income Obligations in Default or Classified as Uncollectible |
41 | |||
42 | ||||
43 | ||||
44 |
Report of Independent Registered Public Accounting Firm
Amgen Inc., as Named Fiduciary, and the Plan Participants of the
Amgen Retirement and Savings Plan
We have audited the accompanying statements of net assets available for benefits of the Amgen Retirement and Savings Plan (the Plan) as of December 31, 2011 and 2010, and the related statements of changes in net assets available for benefits for the years then ended. These financial statements are the responsibility of the Plans management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of the Plans internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plans internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan at December 31, 2011 and 2010, and the changes in its net assets available for benefits for the years then ended, in conformity with U.S. generally accepted accounting principles.
Our audits were performed for the purpose of forming an opinion on the financial statements taken as a whole. The accompanying supplemental schedules of assets (held at end of year) and loans or fixed income obligations in default or classified as uncollectible as of December 31, 2011, and assets (acquired and disposed of within year) and delinquent participant contributions for the year then ended, are presented for purposes of additional analysis and are not a required part of the financial statements but are supplementary information required by the Department of Labors Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. Such information is the responsibility of the Plans management. The information has been subjected to the auditing procedures applied in our audits of the financial statements and, in our opinion, is fairly stated in all material respects in relation to the financial statements taken as a whole.
/s/ ERNST & YOUNG LLP
Los Angeles, California
June 14, 2012
1
Amgen Retirement and Savings Plan
Statements of Net Assets Available for Benefits
December 31 | ||||||||
2011 | 2010 | |||||||
Assets |
||||||||
Investments at fair value |
$ | 2,565,375,263 | $ | 2,467,408,893 | ||||
Notes receivable from participants |
41,582,977 | 39,056,821 | ||||||
Other, including due from broker |
15,455,227 | 5,286,145 | ||||||
|
|
|
|
|||||
Total assets |
2,622,413,467 | 2,511,751,859 | ||||||
Liabilities |
||||||||
Other, including due to broker |
3,654,915 | 4,339,311 | ||||||
|
|
|
|
|||||
Total liabilities |
3,654,915 | 4,339,311 | ||||||
|
|
|
|
|||||
Net assets reflecting investments at fair value |
2,618,758,552 | 2,507,412,548 | ||||||
Adjustment from fair value to contract value for interests in fully benefit-responsive investment contracts |
(9,442,892 | ) | (7,435,631 | ) | ||||
|
|
|
|
|||||
Net assets available for benefits |
$ | 2,609,315,660 | $ | 2,499,976,917 | ||||
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|
|
|
See accompanying notes.
2
Amgen Retirement and Savings Plan
Statements of Changes in Net Assets Available for Benefits
Year Ended December 31 | ||||||||
2011 | 2010 | |||||||
Additions to (deductions from) net assets: |
||||||||
Employer contributions |
$ | 163,543,169 | $ | 149,724,435 | ||||
Participant contributions |
129,944,790 | 128,595,814 | ||||||
Rollover contributions |
7,685,837 | 7,411,490 | ||||||
Interest and dividend income |
32,884,344 | 24,808,560 | ||||||
Net realized/unrealized gains (losses) |
(72,286,657 | ) | 286,459,798 | |||||
Interest income on notes receivable from participants |
1,904,717 | 1,935,517 | ||||||
Benefits paid |
(148,072,323 | ) | (109,468,243 | ) | ||||
Investment and administrative fees |
(6,265,134 | ) | (5,587,820 | ) | ||||
|
|
|
|
|||||
Net increase |
109,338,743 | 483,879,551 | ||||||
Net assets available for benefits at beginning of year |
2,499,976,917 | 2,016,097,366 | ||||||
|
|
|
|
|||||
Net assets available for benefits at end of year |
$ | 2,609,315,660 | $ | 2,499,976,917 | ||||
|
|
|
|
See accompanying notes.
3
Amgen Retirement and Savings Plan
December 31, 2011
1. | Description of the Plan |
The following description of the Amgen Retirement and Savings Plan (the Plan) provides only general information. Participants should refer to the Plan document for a more complete description of the Plans provisions.
General
The Plan was established effective April 1, 1985 and was most recently amended and restated effective January 1, 2012 and subsequently amended, with the most recent amendment adopted on April 2, 2012. The Plan is a defined contribution plan covering substantially all domestic employees of Amgen Inc. (the Company or Amgen) and participating subsidiaries. The Plan, as amended, is intended to qualify under sections 401(a) and 401(k) of the Internal Revenue Code of 1986 (the Code) (see Note 5, Income Tax Status) and section 407(d)(3)(A) of the Employee Retirement Income Security Act of 1974 (ERISA).
Contributions
Subject to certain limitations (as defined in the Plan), participants may elect to contribute up to 30% of their eligible compensation in pre-tax contributions, Roth contributions (in accordance with the Code), after-tax contributions or a combination of these types of contributions. A participants combined pre-tax contributions and Roth contributions (exclusive of catch-up contributions discussed below) are subject to Internal Revenue Service (IRS) and Plan limits and could not exceed a maximum of $16,500 in 2011 and 2010. Participant after-tax contributions are subject to IRS and Plan limitations and could not exceed a maximum of $8,000 in 2011 and 2010. Unless an employee has voluntarily enrolled in the Plan or has declined to participate in the Plan within the first 30 days of employment, all newly eligible participants are automatically enrolled in the Plan and contributions equal to 5% of their eligible compensation are withheld and contributed to the Plan as pre-tax contributions; such contributions are automatically increased by 1% per year until their contributions reach 10% of their eligible compensation. Participants may elect to adjust, cease or resume their contributions at any time.
Participants who are at least age 50 by the close of the Plan year may also elect to make certain additional contributions, referred to as catch-up contributions, that are subject to IRS and Plan limitations and could not exceed $5,500 in 2011 and 2010. Catch-up contributions may be made as pre-tax contributions, Roth contributions or a combination of these types of contributions. Participants may also contribute pre-tax, Roth and after-tax amounts representing distributions from certain other retirement plans qualified in the United States or certain individual retirement accounts (IRAs), referred to as rollover contributions (as defined in the Plan).
4
Amgen Retirement and Savings Plan
Notes to Financial Statements (continued)
1. Description of the Plan (continued)
Contributions (continued)
Each pay period, the Company makes a non-elective contribution for all eligible participants, whether or not they have elected to make contributions to the Plan, equal to 5% of each participants eligible compensation (Core Contributions). In addition, the Company makes a contribution equal to amounts contributed by the participant as pre-tax contributions or Roth contributions, including such contributions designated as catch-up contributions, of up to 5% of eligible compensation (Matching Contributions).
Also, the Company can, in its discretion, make a special non-elective contribution on behalf of a participant who is in his or her initial year of employment with the Company and who could not make the maximum participant contribution permitted under the Plan because in the same Plan year he or she previously made pre-tax salary deferrals under a prior unrelated employers qualified plan.
Participants select the investments in which their contributions, including their Core Contributions and Matching Contributions (collectively, Company Contributions), are to be invested, electing among various alternatives, including Amgen Inc. common stock (Amgen stock). Participants may direct a maximum of 20% of contributions to be invested in Amgen stock. In addition, participants may transfer amounts among the investment options at any time, subject to certain limitations. Notwithstanding the foregoing, if 20% or more of the value of a participants Plan account is invested in Amgen stock, no transfers from other investment options can be made to invest in Amgen stock.
The accounts of participants who had never made an investment election are allocated to investments under a qualified default investment alternative which is intended to be compliant with ERISA regulations. At any time participants may elect to alter the investments in their accounts made under a qualified default investment alternative.
5
Amgen Retirement and Savings Plan
Notes to Financial Statements (continued)
1. Description of the Plan (continued)
Vesting
Participants are immediately vested with respect to their contributions, Company Contributions, and earnings and losses (hereafter referred to as earnings) thereon.
Participant Accounts
Each participants account is credited with the participants contributions and an allocation of (a) Company Contributions and (b) earnings. The benefit to which a participant is entitled is the benefit that can be provided from the participants account.
Plan Investments
Participants can invest in any of 14 different asset classes as well as Amgen stock or may actively manage their account under a self-directed brokerage arrangement in which a wider array of investment options are available. The value of an investment in an asset class is determined by its underlying investment vehicles which may include one or more of the following: mutual funds, collective trust funds and portfolios which are separately managed exclusively for the benefit of Plan participants and their beneficiaries (separately managed portfolios). The separately managed portfolios primarily invest in publicly traded common and preferred stocks, fixed income securities, and collective trust funds. The asset classes are designed to provide participants with choices among a variety of investment objectives.
Payments of Benefits
Subject to Plan limitations, upon termination of employment, including termination due to disability (as defined in the Plan) or retirement, participants may elect to receive an amount equal to the value of their account balance in (a) a single payment in cash, (b) a single distribution in full shares of Amgen stock (with any fractional shares paid in cash), (c) a single distribution paid in a combination of cash and full shares of Amgen stock, (d) cash installments, or (e) a rollover distribution to an eligible retirement plan. If a participant dies before receiving the value of his or her account balance, the participants beneficiary may elect to receive the distribution of remaining funds from among the alternatives described above, subject to certain Plan limitations.
6
Amgen Retirement and Savings Plan
Notes to Financial Statements (continued)
1. Description of the Plan (continued)
Payments of Benefits (continued)
Subsequent to termination of employment, participants may also elect to maintain their vested account balance in the Plan, provided that their account balance is greater than $1,000.
Certain restrictions apply to withdrawals from the Plan while a participant continues to be employed by the Company.
Notes Receivable from Participants
Subject to certain restrictions, a participant can have up to two loans outstanding at any one time from his or her Plan account with a combined maximum loan amount which may not exceed the lesser of (a) 50% of the participants account balance (exclusive of amounts related to Roth contributions and earnings thereon) or (b) $50,000 less certain adjustments, as applicable (as defined in the Plan). A participants loan is secured by his or her Plan account balance. Loans made prior to July 1, 2003 bear interest at fixed rates based on the average borrowing rates of certain major banks. Loans made on or after July 1, 2003 bear interest at fixed rates based on the prime rate plus one percentage point as published in The Wall Street Journal determined as of the last day of the calendar quarter preceding origination or such other rate as may be required by law. Loans are generally payable in installments over periods of up to five years, unless the loan is used to acquire a principal residence for which the term of the loan may be up to 20 years. Principal and interest payments are allocated to the participants account.
Plan Termination
Although it has not expressed any intent to do so, the Company has the right under the Plan to terminate the Plan subject to the provisions of ERISA. Upon termination, participants would receive distributions of their account balances.
Trustee
Effective, July 1, 2010, Bank of America, N.A. and Northern Trust Company, N.A. are the Plans co-trustees. Prior to July 1, 2010, Bank of America, N.A. was the trustee.
7
Amgen Retirement and Savings Plan
Notes to Financial Statements (continued)
2. | Summary of Significant Accounting Policies |
Basis of Accounting
The accompanying financial statements are prepared on the accrual basis of accounting.
Fair Value Measurement
The investments of the Plan are reported at fair value. Fair value is generally defined as the price that would be received to sell an asset or paid to transfer a liability (the exit price) in an orderly transaction between market participants at the measurement date (see Note 3, Fair Value Measurements).
Investment Income and Losses
Dividend income is recognized on the ex-dividend date and interest income is recorded on an accrual basis. Unrealized gains and losses on investments are measured by the change in the difference between the fair value and cost of the securities held at the beginning of the year (or date purchased if acquired during the Plan year) and the end of the year. Realized gains and losses from security transactions are recorded based on the weighted-average cost of securities sold.
Fully Benefit-Responsive Investment Contracts
The Plan holds units of collective trust funds that have investments in fully benefit-responsive investment contracts. In addition, the Plan directly invests in such contracts in the form of security-backed contracts, discussed below. Such contracts held directly or indirectly by a defined contribution plan are required to be reported at fair value. However, contract value is the relevant measurement attribute for that portion of the net assets available for benefits of a defined contribution plan attributable to fully benefit-responsive investment contracts because contract value is the amount participants would receive if they were to initiate qualified transactions related to these investments. The Statements of Net Assets Available for Benefits present these contracts at fair value with an adjustment to contract value. The Statements of Changes in Net Assets Available for Benefits are prepared on a contract value basis.
As of December 31, 2011 and 2010, the Plan had two security-backed contracts which are fully benefit-responsive investment contracts, sometimes referred to as wrapper contracts. These contracts were issued by financial services companies and are backed by the Plans ownership interests in collective trust funds that invest in fixed income securities. With regard to wrapper contracts outstanding as of December 31, 2011, the credit ratings of one contract issuer are AA- with a stable outlook by Standard & Poors (S&P), A1 with a stable outlook by
8
Amgen Retirement and Savings Plan
Notes to Financial Statements (continued)
2. | Summary of Significant Accounting Policies (continued) |
Fully Benefit-Responsive Investment Contracts (continued)
Moodys Investor Services, Inc. (Moodys), and aa- with a stable outlook by A.M. Best Company (A.M. Best). The credit ratings of the other issuer are A+ with a stable outlook by S&P, A1 with a stable outlook by Moodys, and aa- with a negative outlook by A.M. Best. The issuers of the Plans security-backed contracts credit the Plan with stated rates of interest, and the issuers guarantee that all qualified participant withdrawals related to the contracts will be at contract value, except as discussed below. The crediting rates provide for realized and unrealized gains and losses on the underlying assets to be amortized over the expected duration of the underlying investments through adjustments to the future interest crediting rates rather than being reflected immediately in the net assets of the Plan. The interest crediting rates of the security-backed contracts are primarily based on the current yield to maturity of the underlying investments plus or minus amortization of the difference between the contract value and fair value of the underlying investments over the duration of such investments. Accordingly, future crediting rates are impacted by changes in the yield to maturity of underlying investments, the duration of the assets underlying the contract and the difference between the contract value and fair value of the underlying investments. The crediting rates are reset quarterly and are reduced by fees paid to the contract issuers. In no event are the crediting rates less than 0%.
To the extent that the underlying investments of security-backed contracts have unrealized and/or realized losses, a positive adjustment is made to the adjustment from fair value to contract value in the Statements of Net Assets Available for Benefits. As a result, the future crediting rate may be lower over time than the then-current market rates. Conversely, if the underlying investments generate unrealized and/or realized gains, a negative adjustment is made to the adjustment from fair value to contract value, and the future crediting rate may be higher over time than the then-current market rates.
The security-backed contracts provide for withdrawals at other than contract value associated with certain events which are not in the ordinary course of Plan operations. These withdrawals are made at contract value modified by a market value adjustment as defined in the contract. Circumstances which may trigger a market value adjustment are generally defined as any event which, in the reasonable determination of the issuer, has or will have a material adverse effect on the issuers interest under the contract. Such events may include, but are not limited to: (i) material amendments to the Plans structure or administration; (ii) changes in or the creation of competing investment options; (iii) complete or partial termination of the Plan; (iv) removal of a specifically identifiable group of employees from coverage under the Plan; (v) a change in law, regulation, ruling, administrative position, or accounting standard applicable to the Plan; or (vi) communication to Plan participants designed to influence a participant not to invest in the asset class that contains these contracts. The Company does not believe that the occurrence of any such event, which would limit the Plans ability to transact at contract value with participants, is probable.
9
Amgen Retirement and Savings Plan
Notes to Financial Statements (continued)
2. Summary of Significant Accounting Policies (continued)
Fully Benefit-Responsive Investment Contracts (continued)
These security-backed contracts are evergreen contracts with no maturity dates but do contain termination provisions. The issuer is obligated to pay the excess contract value when the fair value of the underlying investments equals zero. In addition, if the Plan defaults in its obligations under the security-backed contract and such default is not corrected within the time permitted by the contract, then the contract may be terminated by the issuer and the Plan will receive the fair value of the underlying investments as of the date of termination.
The yields earned by the Plan as of December 31, 2011 and 2010 were 1.7% and 2.2%, respectively, which represents the annualized earnings of all security-backed contracts divided by the fair value of all security-backed contracts in the Plan as of December 31, 2011 and 2010, respectively. The yield earned by the Plan with an adjustment to reflect the actual interest rate credited to participants was 3.5% as of December 31, 2011 and 2010, which represents the annualized earnings credited to participants divided by the fair value of all security-backed contracts as of December 31, 2011 and 2010, respectively.
Notes Receivable from Participants
Notes receivable from participants are carried at their unpaid balance plus accrued but unpaid interest, as applicable.
Due from/to Brokers
Purchases and sales of investments are recorded on a trade-date basis. Due from brokers and due to brokers arise from unsettled sale and purchase transactions as of December 31, 2011 and 2010.
Use of Estimates
The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
10
Amgen Retirement and Savings Plan
Notes to Financial Statements (continued)
2. Summary of Significant Accounting Policies (continued)
Recent Accounting Pronouncements
In May 2011, a new accounting standard was issued that amends certain fair value measurement principles, clarifies the application of existing fair value measurement requirements and requires additional disclosures regarding fair value. This new standard is required to be applied prospectively beginning in 2012. The Company does not expect this new accounting standard to have a material effect on the Plans financial statements.
3. | Fair Value Measurements |
The Plan uses various valuation approaches in determining the fair value of investments within a hierarchy that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the investment based on market data obtained from independent sources. Unobservable inputs are inputs that reflect assumptions about the inputs that market participants would use in pricing the investment and are developed based on the best information available in the circumstances. The fair value hierarchy is divided into three levels based on the source of inputs as follows:
Level 1 Valuations based on unadjusted quoted prices in active markets for identical investments that the Plan has the ability to access;
Level 2 Valuations for which all significant inputs are observable, either directly or indirectly, other than level 1 inputs;
Level 3 Valuations based on inputs that are unobservable and significant to the overall fair value measurement.
The availability of observable inputs can vary among the various types of investments. To the extent that the valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. In certain cases, the inputs used for measuring fair value may fall into different levels of the fair value hierarchy. In such cases, for financial statement disclosure purposes, the level in the fair value hierarchy within which the fair value measurement is categorized is based on the lowest level of input used that is significant to the overall fair value measurement.
11
Amgen Retirement and Savings Plan
Notes to Financial Statements (continued)
3. | Fair Value Measurements (continued) |
The following fair value hierarchy table presents information about each major class/category of the Plans investments measured at fair value:
Fair value measurements at December 31, 2011 using | ||||||||||||||||
Quoted prices in active markets for identical assets (Level 1) |
Significant other observable inputs (Level 2) |
Significant unobservable inputs (Level 3) |
Total | |||||||||||||
Amgen stock |
$ | 149,661,871 | $ | - | $ | - | $ | 149,661,871 | ||||||||
Cash and cash equivalents |
27,633,435 | - | - | 27,633,435 | ||||||||||||
Common and preferred stocks: |
||||||||||||||||
Large cap growth |
257,227,790 | - | - | 257,227,790 | ||||||||||||
Large cap value |
102,403,491 | - | - | 102,403,491 | ||||||||||||
Small-mid cap growth |
40,131,480 | - | - | 40,131,480 | ||||||||||||
Small-mid cap value |
228,777,796 | 191,847 | - | 228,969,643 | ||||||||||||
Other |
87,684,790 | - | - | 87,684,790 | ||||||||||||
Debt securities: |
||||||||||||||||
U.S. Treasury securities |
38,694,429 | - | - | 38,694,429 | ||||||||||||
U.S. government agency securities |
- | 73,208,766 | - | 73,208,766 | ||||||||||||
Corporate debt securities |
- | 29,264,262 | - | 29,264,262 | ||||||||||||
Mortgage and asset backed securities |
- | 19,488,781 | - | 19,488,781 | ||||||||||||
Mutual funds: |
||||||||||||||||
High yield debt |
55,053,733 | - | - | 55,053,733 | ||||||||||||
Inflation indexed debt |
37,528,268 | - | - | 37,528,268 | ||||||||||||
International growth |
81,546,244 | - | - | 81,546,244 | ||||||||||||
International value |
153,974,432 | - | - | 153,974,432 | ||||||||||||
Real estate investment trust index |
61,231,722 | - | - | 61,231,722 | ||||||||||||
Other |
27,126,159 | - | - | 27,126,159 | ||||||||||||
Collective trust funds: |
||||||||||||||||
Capital preservation |
- | 265,279,555 | - | 265,279,555 | ||||||||||||
Emerging markets equity |
- | 95,719,189 | - | 95,719,189 | ||||||||||||
Fixed income |
- | 17,102,228 | - | 17,102,228 | ||||||||||||
Inflation indexed debt |
- | 2,385,874 | - | 2,385,874 | ||||||||||||
International growth |
- | 39,722,707 | - | 39,722,707 | ||||||||||||
International value |
- | 11,691,206 | - | 11,691,206 | ||||||||||||
Large cap growth |
- | 20,001,122 | - | 20,001,122 | ||||||||||||
Large cap index |
- | 435,684,400 | - | 435,684,400 | ||||||||||||
Large cap value |
- | 9,340,727 | - | 9,340,727 | ||||||||||||
Small-mid cap growth |
- | 2,336,529 | - | 2,336,529 | ||||||||||||
Small-mid cap index |
- | 135,575,001 | - | 135,575,001 | ||||||||||||
Small-mid cap value |
- | 18,785,984 | - | 18,785,984 | ||||||||||||
Short term investments |
- | 40,496,296 | - | 40,496,296 | ||||||||||||
Other |
3,650 | 421,499 | - | 425,149 | ||||||||||||
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$ | 1,348,679,290 | $ | 1,216,695,973 | $ | - | $ | 2,565,375,263 | |||||||||
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12
Amgen Retirement and Savings Plan
Notes to Financial Statements (continued)
3. | Fair Value Measurements (continued) |
Fair value measurements at December 31, 2010 using | ||||||||||||||||
Quoted prices in active markets for identical assets (Level 1) |
Significant other observable inputs (Level 2) |
Significant unobservable inputs (Level 3) |
Total | |||||||||||||
Amgen stock |
$ | 139,405,458 | $ | - | $ | - | $ | 139,405,458 | ||||||||
Cash and cash equivalents |
19,881,557 | - | - | 19,881,557 | ||||||||||||
Common and preferred stocks: |
||||||||||||||||
International growth |
93,977,228 | - | - | 93,977,228 | ||||||||||||
Large cap growth |
255,478,824 | - | - | 255,478,824 | ||||||||||||
Large cap value |
85,741,285 | - | - | 85,741,285 | ||||||||||||
Small-mid cap growth |
38,249,402 | - | - | 38,249,402 | ||||||||||||
Small-mid cap value |
230,338,562 | - | - | 230,338,562 | ||||||||||||
Other |
70,224,981 | - | - | 70,224,981 | ||||||||||||
Debt securities: |
||||||||||||||||
U.S. Treasury securities |
44,550,895 | - | - | 44,550,895 | ||||||||||||
U.S. government agency securities |
- | 62,179,392 | - | 62,179,392 | ||||||||||||
Corporate debt securities |
- | 23,154,441 | - | 23,154,441 | ||||||||||||
Mortgage and asset backed securities |
- | 16,770,352 | - | 16,770,352 | ||||||||||||
Mutual funds: |
||||||||||||||||
High yield debt |
55,894,767 | - | - | 55,894,767 | ||||||||||||
Inflation indexed debt |
28,201,779 | - | - | 28,201,779 | ||||||||||||
International value |
185,682,583 | - | - | 185,682,583 | ||||||||||||
Real estate investment trust index |
51,673,083 | - | - | 51,673,083 | ||||||||||||
Other |
23,687,490 | - | - | 23,687,490 | ||||||||||||
Collective trust funds: |
||||||||||||||||
Capital preservation |
- | 226,216,729 | - | 226,216,729 | ||||||||||||
Emerging markets equity |
- | 116,948,981 | - | 116,948,981 | ||||||||||||
Fixed income |
- | 16,014,540 | - | 16,014,540 | ||||||||||||
Inflation indexed debt |
- | 1,995,480 | - | 1,995,480 | ||||||||||||
International |
- | 16,048,576 | - | 16,048,576 | ||||||||||||
Large cap growth |
- | 22,395,947 | - | 22,395,947 | ||||||||||||
Large cap index |
- | 423,896,749 | - | 423,896,749 | ||||||||||||
Large cap value |
- | 6,184,215 | - | 6,184,215 | ||||||||||||
Small-mid cap growth |
- | 2,463,833 | - | 2,463,833 | ||||||||||||
Small-mid cap index |
- | 142,016,186 | - | 142,016,186 | ||||||||||||
Small-mid cap value |
- | 19,473,575 | - | 19,473,575 | ||||||||||||
Short term investments |
- | 47,835,124 | - | 47,835,124 | ||||||||||||
Other |
6,445 | 820,434 | - | 826,879 | ||||||||||||
|
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|
|
|
|
|
|
|||||||||
$ | 1,322,994,339 | $ | 1,144,414,554 | $ | - | $ | 2,467,408,893 | |||||||||
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13
Amgen Retirement and Savings Plan
Notes to Financial Statements (continued)
3. Fair Value Measurements (continued)
The fair value of common stocks (including Amgen stock), preferred stocks, mutual funds and U.S. treasury securities are valued using quoted market prices in active markets with no valuation adjustment.
Debt securities other than U.S. treasury securities are valued taking into consideration valuations obtained from third-party pricing services. The pricing services utilize industry standard valuation models, including both income and market based approaches, for which all significant inputs are observable, either directly or indirectly, to estimate fair value. These inputs include reported trades of and broker/dealer quotes on the same or similar securities, issuer credit spreads, benchmark securities and, when applicable, prepayment/default projections based on historical data and other observable inputs.
Collective trust funds represent interests in pooled investment vehicles designed typically for collective investment of employee benefit trusts. The fair values of these investments are determined by reference to the net asset value per unit provided by the fund managers. The unit values are based on the fair values of the trusts underlying assets, which are principally equity and fixed income securities and short-term investments. The investment strategies of the Plans collective trust funds vary generally based on the investment objectives of the asset class of which they are a part. Such investment strategies include investments in fixed income securities and investments in equity securities in domestic and international markets for growth and value objectives as well as to replicate market indexes and to invest in emerging markets. The only redemption restriction with respect to these investments is on the Wells Fargo Stable Return Fund G (fair value of $130,388,270 at December 31, 2011) which requires a one year notice to be given in the event of complete liquidation.
14
Amgen Retirement and Savings Plan
Notes to Financial Statements (continued)
4. | Investments |
The fair values of individual investments that represent 5% or more of the Plans net assets as of December 31, 2011 and 2010 are as follows:
December 31 | ||||||||
2011 | 2010 | |||||||
Blackrock Equity Index Fund F Collective trust fund |
$ | 412,424,033 | $ | 399,130,479 | ||||
Dodge & Cox International Fund Mutual fund |
153,974,432 | 185,682,583 | ||||||
Amgen stock |
149,661,871 | 139,405,458 | ||||||
Blackrock Extended Equity Market Fund F Collective trust fund |
* | 136,228,720 | ||||||
Wells Fargo Fixed Income Fund D Collective trust fund |
* | 125,160,486 |
* Investment balance was less than 5% of the Plans net assets.
During the years ended December 31, 2011 and 2010, net realized and unrealized gains/(losses) on the Plans investments were as follows:
Year Ended December 31 | ||||||||
2011 | 2010 | |||||||
Amgen stock |
$ | 22,543,979 | $ | (4,197,153 | ) | |||
Common and preferred stocks |
(26,213,933 | ) | 125,807,749 | |||||
Debt securities |
4,250,759 | 4,194,190 | ||||||
Mutual funds |
(51,339,348 | ) | 37,801,688 | |||||
Collective trust funds |
(21,002,501 | ) | 122,475,000 | |||||
Other |
(525,613 | ) | 378,324 | |||||
|
|
|
|
|||||
$ | (72,286,657 | ) | $ | 286,459,798 | ||||
|
|
|
|
15
Amgen Retirement and Savings Plan
Notes to Financial Statements (continued)
5. | Income Tax Status |
The Plan received a determination letter from the IRS dated March 27, 2008, stating that the Plan is qualified, in form, under Section 401(a) of the Code and, therefore, the related trust is exempt from taxation. Subsequent to this determination by the IRS, the Plan was amended. Subsequent amendments have been structured and are intended to maintain the Plans tax qualified status. Once qualified, the Plan is required to operate in conformity with the Code to maintain its qualification. The Company believes the Plan is currently being operated in compliance with the applicable requirements of the Code and, therefore, believes that the Plan is qualified and the related trust is tax exempt. The Company has indicated that it currently intends to continue to take the necessary steps to maintain the Plans compliance with the applicable requirements of the Code.
Accounting principles generally accepted in the United States require the Company to evaluate uncertain tax positions taken by the Plan. The financial statement effects of a tax position are recognized when the position is more likely than not, based on the technical merits, to be sustained upon examination. As of December 31, 2011, no uncertain tax positions have been taken or are expected to be taken, and no amounts related to uncertain tax positions have been recorded in the Plans financial statements. The Plan is subject to audits by the IRS, however there are currently no audits for any periods in progress. The Company believes the Plan is no longer subject to IRS examinations with respect to annual reports for years prior to 2008.
6. | Services Provided by the Company |
During 2011 and 2010, the Company has paid trustee fees and certain other administrative costs on behalf of the Plan.
16
Amgen Retirement and Savings Plan
Notes to Financial Statements (continued)
7. | Reconciliation of Financial Statements to Form 5500 |
The reconciliation of net assets available for benefits per the financial statements to Form 5500 as of December 31, 2011 and 2010 consisted of the following:
December 31 | ||||||||
2011 | 2010 | |||||||
Net assets available for benefits per the financial statements |
$ | 2,609,315,660 | $ | 2,499,976,917 | ||||
Adjustment from fair value to contract value for fully benefit-responsive investment contracts |
9,442,892 | 7,435,631 | ||||||
Amounts allocated to withdrawing participants |
(295,391 | ) | (66,864 | ) | ||||
Deemed loans |
(465,964 | ) | (318,875 | ) | ||||
|
|
|
|
|||||
Net assets per the Form 5500 |
$ | 2,617,997,197 | $ | 2,507,026,809 | ||||
|
|
|
|
For the year ended December 31, 2011, the following is a reconciliation of the net investment income per the financial statements to the Form 5500:
Year
Ended December 31 2011 |
||||
Interest and dividend income |
$ | 32,884,344 | ||
Net realized/unrealized losses |
(72,286,657 | ) | ||
|
|
|||
Total net investment loss per the financial statements |
(39,402,313 | ) | ||
Adjustment from fair value to contract value for fully benefit-responsive investment contracts: |
||||
Less prior year adjustment |
(7,435,631 | ) | ||
Add current year adjustment |
9,442,892 | |||
|
|
|||
Total net investment loss per the Form 5500 |
$ | (37,395,052 | ) | |
|
|
17
Amgen Retirement and Savings Plan
Notes to Financial Statements (continued)
7. | Reconciliation of Financial Statements to Form 5500 (continued) |
For the year ended December 31, 2011, the following is a reconciliation of distributions per the financial statements to the Form 5500:
Year
Ended December 31 2011 |
||||
Benefits paid |
$ | 148,072,323 | ||
Investment and administrative fees |
6,265,134 | |||
|
|
|||
Total distributions per the financial statements |
154,337,457 | |||
Less prior year amounts allocated to withdrawing participants |
(66,864 | ) | ||
Add current year amounts allocated to withdrawing participants |
295,391 | |||
Less prior year deemed loan balance |
(318,875 | ) | ||
Add current year deemed loan balance |
465,964 | |||
|
|
|||
Total distributions per the Form 5500 |
$ | 154,713,073 | ||
|
|
18
Supplemental Schedule
Amgen Retirement and Savings Plan
EIN: 95-3540776 Plan: #001
December 31, 2011
Schedule H, line 4i Schedule of Assets (Held at End of Year)
Identity of Issue |
Description of Investment |
Current Value | ||||||||
Amgen stock |
Employer Securities 2,330,819 shares | $ | 149,661,871 | |||||||
Capital Preservation Asset Class: |
||||||||||
Wells Fargo Stable Return Fund G |
Common Collective Trust 2,593,606 units | 130,388,270 | ||||||||
Wells Fargo Fixed Income Fund D |
Common Collective Trust 5,903,241 units | 71,527,213 | ||||||||
Wells Fargo Fixed Income Fund B |
Common Collective Trust 3,109,832 units | 63,364,072 | ||||||||
Northern Trust Global Investments Collective Daily Short Term Investment Fund* |
Common Collective Trust 16,992,002 units | 16,992,002 | ||||||||
Monumental Life Insurance Company |
Wrapper Contract | 52,500 | ||||||||
|
|
|||||||||
Total Capital Preservation Asset Class |
282,324,057 | |||||||||
Emerging Markets Equity Asset Class: |
||||||||||
JP Morgan Emerging Markets Equity Focus Fund |
Common Collective Trust 5,942,839 units | 90,390,588 | ||||||||
Northern Trust Global Investments Collective Daily MSCI Emerging Markets Fund Non Lending* |
Common Collective Trust 40,230 units | 5,328,601 | ||||||||
|
|
|||||||||
Total Emerging Markets Equity Asset Class |
95,719,189 | |||||||||
Fixed Income Asset Class: |
||||||||||
Northern Trust Global Investments Collective Daily Aggregate Bond Index Fund Non Lending* |
Common Collective Trust 140,482 units | 17,102,228 | ||||||||
United States Treasury Notes 1.375% Due 3/15/2013 |
Government Bonds 5,660,000 units | 5,740,698 | ||||||||
United States Treasury Notes 3.125% Due 5/15/2019 |
Government Bonds 4,290,000 units | 4,810,161 | ||||||||
United States Treasury SEC Stripped Interest Payments Due 05/15/2020 |
Government Bonds 5,057,000 units | 4,359,208 | ||||||||
United States Treasury Bonds 8.875% Due 8/15/2017 |
Government Bonds 2,025,000 units | 2,898,437 | ||||||||
United States Treasury Notes 2.25% Due 1/31/2015 |
Government Bonds 2,580,000 units | 2,725,324 | ||||||||
United States Treasury Notes 1.375% Due 2/15/2013 |
Government Bonds 2,400,000 units | 2,431,966 | ||||||||
United States Treasury Notes 2.625% Due 12/31/2014 |
Government Bonds 2,026,000 units | 2,160,853 | ||||||||
United States Treasury Bonds Inflation Index 2.375% Due 1/15/2027 |
Index Linked Government Bonds 1,230,000 units | 1,783,769 | ||||||||
United States Treasury Bonds 4.375% Due 11/15/2039 |
Government Bonds 1,176,000 units | 1,526,777 | ||||||||
United States Treasury Notes 4.75% Due 8/15/2017 |
Government Bonds 995,000 units | 1,198,042 | ||||||||
United States Treasury Notes 1.375% Due 11/30/2018 |
Government Bonds 1,170,000 units | 1,174,022 | ||||||||
Northern Trust Global Investments Collective Daily Short Term Investment Fund* |
Common Collective Trust 1,080,406 units | 1,080,406 | ||||||||
United States Treasury SEC Stripped Interest Payment Due 08/15/2020 |
Government Bonds 1,250,000 units | 1,069,090 | ||||||||
Fannie Mae Pool #466430 3.37% Due 11/01/2020 |
Government Mortgage Backed Securities 1,000,000 units | 1,052,941 | ||||||||
Fannie Mae Pool #735581 5% Due 6/01/2035 |
Government Mortgage Backed Securities 970,946 units | 1,050,022 | ||||||||
United States Treasury Bonds Inflation Index 2.5% Due 1/15/2029 |
Index Linked Government Bonds 720,000 units | 1,013,154 | ||||||||
Fannie Mae Capital 0% Due 10/09/2019 |
Government Agency Bonds 1,210,000 units | 930,327 | ||||||||
JP Morgan Chase Commercial Mortgage Securities Corporation Series 2005-LDP2 4.78% Due 7/15/2042 |
Commercial Mortgage Backed Securities 890,000 units | 921,222 | ||||||||
Federal National Mortgage Association 5.25% Due 8/1/2012 |
Government Agency Bonds 840,000 units | 863,231 | ||||||||
Fannie Mae 0% Due 06/01/2017 |
Government Agency Bonds 880,000 units | 810,265 | ||||||||
Fannie Mae 0% Due 7/05/2014 |
Government Agency Bonds 800,000 units | 783,025 | ||||||||
Fannie Mae 4.625% Due 5/1/2013 |
Government Agency Bonds 730,000 units | 768,985 | ||||||||
Ginnie Mae Pool #004903 6.5% Due 12/20/2040 |
Government Mortgage Backed Securities 665,621 units | 761,366 | ||||||||
Ginnie Mae 5.5% Due 6/20/2035 |
Government Mortgage Backed Securities 650,000 units | 757,622 | ||||||||
United States Treasury SEC Stripped Interest Payments Due 11/15/2029 |
Government Bonds 1,230,000 units | 736,919 | ||||||||
United States Treasury SEC Stripped Interest Payment Due 02/15/2027 |
Government Bonds 1,000,000 units | 661,349 | ||||||||
United States Treasury SEC Stripped Interest Payment Due 11/15/2027 |
Government Bonds 1,000,000 units | 642,721 | ||||||||
Fannie Mae Preassign 00015 5.9% Due 7/25/2042 |
Government Mortgage Backed Securities 569,184 units | 632,907 | ||||||||
Ginnie Mae 6% Due 11/16/2032 |
Government Mortgage Backed Securities 517,000 units | 604,925 | ||||||||
Fannie Mae 2006-114 5.5% Due 10/25/2035 |
Government Mortgage Backed Securities 545,000 units | 599,572 | ||||||||
United States Treasury 0% Due 2/15/2030 |
Government Bonds 1,000,000 units | 593,728 | ||||||||
Resolution FDG Corporation Federal Book Entry Principal Payment Due 07/15/2020 |
Government Agency Bonds 700,000 units | 583,468 | ||||||||
Fannie Mae Pool #333873 7% Due 11/01/2025 |
Government Mortgage Backed Securities 501,872 units | 577,241 | ||||||||
Federal Home Loan Mortgage Corporation Series 2072 6.5% Due 7/15/2028 |
Government Mortgage Backed Securities 489,502 units | 565,528 | ||||||||
Fannie Mae Remic Series 2008-75 4.5% Due 9/25/2023 |
Government Mortgage Backed Securities 500,000 units | 545,448 | ||||||||
United States Treasury Notes 3% Due 2/28/17 |
Government Bonds 490,000 units | 541,910 | ||||||||
AH Mortgage Servicer Advance Revolving Trust 2011-1 A2 3.37% Due 05/10/2013 |
Asset Backed Securities 542,000 units | 539,832 | ||||||||
National Credit Union Association Guaranteed Trust 2010-R3 Due 12/06/2020 |
Government Mortgage Backed Securities 534,409 units | 536,413 | ||||||||
Federal National Mortgage Association Pool #Al0561 3.738% Due 06/01/2018 |
Government Mortgage Backed Securities 498,321 units | 535,437 | ||||||||
Ginnie Mae Pool #738052 6% Due 07/20/2036 |
Government Mortgage Backed Securities 447,600 units | 507,690 | ||||||||
Federal Home Loan Mortgage Corporation Series 2113 6.5% Due 01/15/2029 |
Government Mortgage Backed Securities 445,401 units | 506,829 | ||||||||
Toyota Motor Credit Corporation 2% Due 09/15/2016 |
Corporate Bonds 500,000 units | 504,976 | ||||||||
Federal Home Loan Mortgage Corporation Pool #G0/6493 4.5% Due 05/01/2041 |
Government Mortgage Backed Securities 475,971 units | 504,647 | ||||||||
Ginnie Mae 2004-30 5.5% Due 2/20/2034 |
Government Mortgage Backed Securities 440,000 units | 502,468 | ||||||||
Federal Home Loan Mortgage Corporation Series 3895 4.5% Due 07/15/2041 |
Government Mortgage Backed Securities 450,000 units | 499,228 | ||||||||
Fannie Mae Pool #889649 6.5% Due 08/01/2037 |
Government Mortgage Backed Securities 453,444 units | 491,293 | ||||||||
Fannie Mae Pool #AD9151 5% Due 08/01/2040 |
Government Mortgage Backed Securities 450,837 units | 487,554 | ||||||||
United States Treasury Notes 3.625% Due 8/15/2019 |
Government Bonds 420,000 units | 486,445 | ||||||||
Wachovia Corporation 5.75% Due 2/01/2018 |
Corporate Bonds 420,000 units | 477,129 | ||||||||
Fannie Mae Pool #AD0329 6.5% Due 9/01/2028 |
Government Mortgage Backed Securities 428,139 units | 476,587 | ||||||||
AT&T Inc. 5.6% Due 5/15/2018 |
Corporate Bonds 410,000 units | 476,401 | ||||||||
Federal Home Loan Mortgage Corporation Series 2173 6.5% Due 7/15/2029 |
Government Mortgage Backed Securities 411,887 units | 475,858 | ||||||||
Fannie Mae Pool 6.0% Due 7/1/2037 |
Government Mortgage Backed Securities 428,336 units | 475,200 |
19
Schedule H, line 4i Schedule of Assets (Held at End of Year) (continued)
Identity of Issue |
Description of Investment |
Current Value | ||||||
United States Treasury Bonds 8.125% Due 02/15/2021 |
Government Bonds 300,000 units | 466,781 | ||||||
Federal Home Loan Mortgage Corporation Preassign 00162 5.5% Due 9/15/2033 |
Government Mortgage Backed Securities 440,000 units | 466,532 | ||||||
Fannie Mae 6% Due 07/25/2037 |
Government Mortgage Backed Securities 400,000 units | 462,449 | ||||||
Federal Home Loan Mortgage Corporation Series 3855 6.5% Due 11/15/2036 |
Government Mortgage Backed Securities 405,072 units | 460,390 | ||||||
Federal Home Loan Mortgage Corporation Series 3211 6% Due 12/15/2035 |
Government Mortgage Backed Securities 410,000 units | 459,263 | ||||||
Federal Home Loan Mortgage Corporation Series 2461 6.5% Due 6/15/2032 |
Government Mortgage Backed Securities 395,128 units | 447,263 | ||||||
Fannie Mae 3.726% Due 06/25/2021 |
Government Mortgage Backed Securities 410,000 units | 444,992 | ||||||
Federal Home Loan Mortgage Corporation Series 2989 5% Due 06/15/2025 |
Government Mortgage Backed Securities 410,000 units | 443,342 | ||||||
General Electric Capital Corporation 2.25% Due 11/19/2015 |
Corporate Bonds 439,000 units | 440,963 | ||||||
LB-UBS Commercial Mortgage Trust 4.954% Due 9/15/2030 |
Commercial Mortgage Backed Securities 400,000 units | 436,657 | ||||||
Federal Home Loan Mortgage Corporation Pool 5.5% Due 1/1/2038 |
Government Mortgage Backed Securities 401,866 units | 436,604 | ||||||
Fannie Mae Pool #467025 3.38% Due 01/01/2018 |
Government Mortgage Backed Securities 410,000 units | 435,827 | ||||||
Anadarko Petroleum Corporation 6.45% Due 9/15/2036 |
Corporate Bonds 380,000 units | 433,238 | ||||||
Ginnie Mae Pool #738058 6% Due 05/20/2036 |
Government Mortgage Backed Securities 380,592 units | 431,687 | ||||||
Federal Home Loan Mortgage Corporation Series 2901 4.5% Due 12/15/2019 |
Government Mortgage Backed Securities 380,000 units | 429,494 | ||||||
Fannie Mae Remic Trust 2009-108 5% Due 9/25/2039 |
Government Mortgage Backed Securities 389,195 units | 427,886 | ||||||
Fannie Mae Pool #465973 3.59% Due 10/01/2020 |
Government Mortgage Backed Securities 400,000 units | 426,530 | ||||||
Federal Home Loan Mortgage Corporation Series 3819 6% Due 04/15/2036 |
Government Mortgage Backed Securities 355,610 units | 426,273 | ||||||
Ginnie Mae 2010-026 Remic 5% Due 02/20/2021 |
Government Mortgage Backed Securities 369,169 units | 423,412 | ||||||
Federal Home Loan Mortgage Corporation Series 3181 6.5% Due 7/15/2036 |
Government Mortgage Backed Securities 355,169 units | 420,950 | ||||||
Fannie Mae Remic Trust 2010-9 4.5% Due 10/25/2039 |
Government Mortgage Backed Securities 385,000 units | 415,552 | ||||||
Federal Home Loan Mortgage Corporation Series 3406 6% Due 1/15/2038 |
Government Mortgage Backed Securities 370,000 units | 412,781 | ||||||
Fannie Mae Pool #467059 3.81% Due 01/01/2019 |
Government Mortgage Backed Securities 380,136 units | 411,027 | ||||||
Fannie Mae Preassign 00611 5.5% Due 4/25/2033 |
Government Mortgage Backed Securities 355,590 units | 410,922 | ||||||
Fannie Mae Pool #995149 6.5% Due 10/01/2038 |
Government Mortgage Backed Securities 358,483 units | 402,634 | ||||||
Fannie Mae Remic 6% Due 4/25/2037 |
Government Mortgage Backed Securities 353,606 units | 394,658 | ||||||
AmeriCredit .83999997377% Due 11/10/2014 |
Asset Backed Securities 393,000 units | 392,405 | ||||||
Fannie Mae 2010-19 5% Due 2/25/2021 |
Government Mortgage Backed Securities 347,081 units | 392,038 | ||||||
Federal Home Loan Mortgage Corporation Pool 5.5% Due 11/1/2037 |
Government Mortgage Backed Securities 360,260 units | 391,796 | ||||||
Federal Home Loan Mortgage Corporation Preassign 00130 6.5% Due 2/25/2043 |
Government Mortgage Backed Securities 351,926 units | 391,747 | ||||||
Ginnie Mae Pool #711068 5% Due 1/15/2040 |
Government Mortgage Backed Securities 350,723 units | 391,111 | ||||||
JP Morgan Mortgage Trust Series 2004-A3 Due 07/25/2034 |
Collateralized Mortgage Obligations 430,000 units | 390,015 | ||||||
Federal Home Loan Mortgage Corporation 6.15% Due 4/15/2028 |
Government Mortgage Backed Securities 337,255 units | 385,790 | ||||||
Chase Mortgage Financial Trust Series 2007-A1 Pass-Through 2.753% Due 02/25/2037 |
Collateralized Mortgage Obligations 409,320 units | 383,213 | ||||||
Ginnie Mae 5.5% Due 11/20/2033 |
Government Mortgage Backed Securities 325,000 units | 377,057 | ||||||
Ginnie Mae Pool #711067 5% Due 1/15/2040 |
Government Mortgage Backed Securities 337,092 units | 375,906 | ||||||
Fannie Mae 2011-M2 3.645% Due 07/25/2021 |
Government Mortgage Backed Securities 355,000 units | 375,430 | ||||||
Goldman Sachs Group Inc. 5.375% Due 3/15/2020 |
Corporate Bonds 380,000 units | 375,069 | ||||||
Fannie Mae Pool #468564 4.06% Due 07/01/2021 |
Government Mortgage Backed Securities 340,000 units | 371,836 | ||||||
Fannie Mae Series 2004-W12 6% Due 7/25/2044 |
Government Mortgage Backed Securities 332,816 units | 370,178 | ||||||
Banc America Mortgage Securities Inc. Series 2003-3 5.5% Due 5/25/2033* |
Collateralized Mortgage Obligations 360,000 units | 368,199 | ||||||
Fannie Mae Pool #256601 6% Due 2/01/2027 |
Government Mortgage Backed Securities 333,953 units | 368,195 | ||||||
Fannie Mae Pool #735070 6.5% Due 10/01/2024 |
Government Mortgage Backed Securities 329,980 units | 367,321 | ||||||
Fannie Mae Remic Series 2004-68 5% Due 9/25/2029 |
Government Mortgage Backed Securities 330,000 units | 366,867 | ||||||
Fannie Mae Remic Trust 2005-118 6% Due 01/25/2032 |
Government Mortgage Backed Securities 350,000 units | 365,686 | ||||||
JP Morgan Chase Commercial Mortgage Securities Trust 2006-A4 Due 05/12/2045 |
Commercial Mortgage Backed Securities 330,000 units | 362,212 | ||||||
Federal Home Loan Mortgage Corporation Pool #A57681 6% Due 12/01/2036 |
Government Mortgage Backed Securities 328,515 units | 361,943 | ||||||
Fannie Mae Series 2010-111 Class AE 5.5% Due 4/25/2038 |
Government Mortgage Backed Securities 342,462 units | 361,773 | ||||||
Fannie Mae Pool #256556 6% Due 1/01/2027 |
Government Mortgage Backed Securities 323,081 units | 356,208 | ||||||
Fannie Mae Preassign 00166 6.5% Due 8/25/2036 |
Government Mortgage Backed Securities 313,199 units | 355,561 | ||||||
Federal Home Loan Mortgage Corporation 6% Due 7/15/2037 |
Government Mortgage Backed Securities 300,000 units | 351,308 | ||||||
Banc America Mortgage Trust 2006 5 5.41% Due 9/10/2047* |
Commercial Mortgage Backed Securities 325,000 units | 351,185 | ||||||
Ginnie Mae Pool #005072 6.5% Due 10/20/2039 |
Government Mortgage Backed Securities 304,380 units | 347,878 | ||||||
Federal Home Loan Mortgage Corporation Pool #G12728 6% Due 7/01/2022 |
Government Mortgage Backed Securities 318,489 units | 346,793 | ||||||
Federal Home Loan Mortgage Corporation Series 3653 5% Due 04/15/2040 |
Government Mortgage Backed Securities 312,639 units | 345,266 | ||||||
Resolution FDG Corporation Federal Generic Principle Payment Due 10/15/2019 |
Government Agency Bonds 400,000 units | 344,726 | ||||||
Ginne Mae 0% Due 12/20/2040 |
Government Mortgage Backed Securities 391,087 units | 344,474 | ||||||
Federal Home Loan Mortgage Corporation Series 2885 6% Due 11/15/2034 |
Government Mortgage Backed Securities 275,035 units | 344,203 | ||||||
Conoco Inc. 6.95% Due 4/15/2029 |
Corporate Bonds 250,000 units | 340,824 | ||||||
Federal Home Loan Mortgage Corporation Series 2901 5% Due 06/15/2018 |
Government Mortgage Backed Securities 305,000 units | 340,044 | ||||||
Federal Home Loan Mortgage Corporation Series 3383 5.5% Due 11/15/2027 |
Government Mortgage Backed Securities 285,000 units | 336,626 | ||||||
Fannie Mae Pool #889213 5.5% Due 10/01/2020 |
Government Mortgage Backed Securities 308,772 units | 336,204 | ||||||
Ginnie Mae 2005-28 5.5% Due 04/20/2035 |
Government Mortgage Backed Securities 296,332 units | 335,945 | ||||||
Federal Home Loan Mortgage Corporation Series 2843 5% Due 8/15/2019 |
Government Mortgage Backed Securities 298,000 units | 327,418 | ||||||
General Electric Capital Corporation 5.625% Due 5/01/2018 |
Corporate Bonds 290,000 units | 324,801 | ||||||
Federal Home Loan Mortgage Corporation Series 2864 5.5% Due 7/15/2033 |
Government Mortgage Backed Securities 290,000 units | 323,510 |
20
Schedule H, line 4i Schedule of Assets (Held at End of Year) (continued)
Identity of Issue |
Description of Investment |
Current Value | ||||||
Federal Home Loan Mortgage Corporation Preassign 00213 5% Due 7/15/2032 |
Government Mortgage Backed Securities 308,000 units | 321,733 | ||||||
PHH Mortgage Trust Series 6% Due 07/25/2038 |
Collateralized Mortgage Obligations 311,434 units | 319,242 | ||||||
Fannie Mae Pool 5.0% Due 6/1/2035 |
Government Mortgage Backed Securities 294,024 units | 317,970 | ||||||
Fannie Mae Pool #890268 6.5% Due 10/01/2038 |
Government Mortgage Backed Securities 280,675 units | 315,243 | ||||||
Freddie Mac Series 3605 5.5% Due 6/15/2037 |
Government Mortgage Backed Securities 265,000 units | 314,234 | ||||||
Federal Home Loan Mortgage Corporation Series 1503 7% Due 5/15/2023 |
Government Mortgage Backed Securities 275,786 units | 313,901 | ||||||
Fannie Mae Remic Series 2004-T1 6% Due 01/25/2044 |
Government Mortgage Backed Securities 279,166 units | 311,009 | ||||||
CWMBS Inc. Pass-Through 5.25% Due 5/25/2034 |
Collateralized Mortgage Obligations 300,987 units | 308,148 | ||||||
Fannie Mae Pool #AA8502 6% Due 8/01/2037 |
Government Mortgage Backed Securities 276,413 units | 308,124 | ||||||
Ginnie Mae Pool #738051 6% Due 03/20/2041 |
Government Mortgage Backed Securities 271,920 units | 307,406 | ||||||
Citigroup Inc. 8.5% Due 5/22/2019 |
Corporate Bonds 260,000 units | 306,042 | ||||||
Federal Home Loan Mortgage Corporation Series 2003-T57 7% Due 7/25/2043 |
Government Mortgage Backed Securities 267,721 units | 305,739 | ||||||
Wachovia Corporation 5.625% Due 10/15/2016 |
Corporate Bonds 280,000 units | 304,835 | ||||||
Ginnie Mae Pool #556303 4.5% Due 12/15/2016 |
Government Mortgage Backed Securities 279,570 units | 304,331 | ||||||
First Horizon Mortgage Pass-Through Trust Series 2004-AR6 4.75% Due 12/25/34 |
Collateralized Mortgage Obligations 338,063 units | 303,279 | ||||||
Fannie Mae 1993-215 6.5% Due 7/15/2014 |
Government Mortgage Backed Securities 266,537 units | 301,348 | ||||||
Freddie Mac Series 2078 6.5% Due 8/15/2028 |
Government Mortgage Backed Securities 262,334 units | 300,264 | ||||||
CWMBS Inc. 5.25% Due 5/25/2034 |
Collateralized Mortgage Obligations 292,410 units | 299,232 | ||||||
Federal Home Loan Mortgage Corporation Pool #B3-1407 5% Due 7/01/2033 |
Government Mortgage Backed Securities 282,935 units | 297,214 | ||||||
Telefonica 6.221% Due 7/03/2017 |
Corporate Bonds 290,000 units | 297,209 | ||||||
Fannie Mae Remic Trust 2002 7% Due 12/25/2041 |
Government Mortgage Backed Securities 267,921 units | 296,531 | ||||||
Fannie Mae Preassign 00890 7% Due 11/25/2031 |
Government Mortgage Backed Securities 250,731 units | 296,494 | ||||||
Ginnie Mae 2006-033 6% Due 07/20/2036 |
Government Mortgage Backed Securities 263,287 units | 294,886 | ||||||
Fannie Mae Remic Trust 2001-16 6% Due 5/25/2031 |
Government Mortgage Backed Securities 262,080 units | 294,261 | ||||||
First Franklin Mortgage Loan Trust Series 2005-FF9 Floating Rate Due 10/25/2035 |
Asset Backed Securities 308,317 units | 293,485 | ||||||
GS Mortgage Securities Corporation 2004-6F 5.5% Due 05/25/3034 |
Collateralized Mortgage Obligations 281,294 units | 292,920 | ||||||
CVS Caremark Corporation 6.6% Due 3/15/2019 |
Corporate Bonds 240,000 units | 292,538 | ||||||
Federal Home Loan Mortgage Corporation Pool #A52195 7% Due 9/01/2036 |
Government Mortgage Backed Securities 255,728 units | 292,131 | ||||||
Verizon Communications Inc. 5.5% Due 2/15/2018 |
Corporate Bonds 250,000 units | 291,453 | ||||||
Fannie Mae Pool #466049 2.49% Due 10/01/2017 |
Government Mortgage Backed Securities 283,886 units | 291,219 | ||||||
CNH Equipment Trust 2011-B .91% Due 08/15/2016 |
Asset Backed Securities 292,000 units | 290,817 | ||||||
Freddie Mac Series 2797 4% Due 6/15/2032 |
Government Mortgage Backed Securities 273,537 units | 288,830 | ||||||
Federal Home Loan Mortgage Corporation Series Floating Rate 3852 Due 05/15/2041 |
Government Mortgage Backed Securities 283,513 units | 287,762 | ||||||
Wachovia Bank National Association 6% Due 11/15/2017 |
Corporate Bonds 260,000 units | 287,098 | ||||||
Master Asset Security Trust 2003-6 5% Due 7/25/2023 |
Collateralized Mortgage Obligations 278,230 units | 285,949 | ||||||
Citigroup Mortgage Securities Inc. 2004-4 Remic 5.5% Due 6/25/2034 |
Collateralized Mortgage Obligations 273,401 units | 285,486 | ||||||
Ginnie Mae Pool #782933 6.5% Due 10/15/2023 |
Government Mortgage Backed Securities 258,085 units | 285,041 | ||||||
Comcast Corporation 6.5% Due 1/15/2017 |
Corporate Bonds 240,000 units | 282,282 | ||||||
Federal Home Loan Mortgage Corporation 7% Due 7/15/2027 |
Government Mortgage Backed Securities 245,044 units | 280,107 | ||||||
Federal Home Loan Mortgage Corporation 5% Due 3/15/2018 |
Government Mortgage Backed Securities 250,000 units | 278,601 | ||||||
Federal Home Loan Mortgage Corporation Pool #K00035 6.5% Due 5/01/2037 |
Government Mortgage Backed Securities 250,033 units | 277,741 | ||||||
Federal Home Loan Mortgage Corporation Pool #A79090 6.5% Due 7/01/2034 |
Government Mortgage Backed Securities 242,288 units | 277,617 | ||||||
Washington Mutual Mortgage 5.5% Due 4/25/2033 |
Collateralized Mortgage Obligations 264,196 units | 277,375 | ||||||
Ginnie Mae 6% Due 8/20/2038 |
Government Mortgage Backed Securities 231,000 units | 276,745 | ||||||
Fannie Mae Remic Trust 2001-81 6.5% Due 1/25/2032 |
Government Mortgage Backed Securities 245,683 units | 276,606 | ||||||
Fannie Mae Pool #745735 5% Due 3/01/2021 |
Government Mortgage Backed Securities 253,159 units | 274,938 | ||||||
Ginnie Mae 2007-024 Remic Pass-Through Floating Rate Due 5/20/2037 |
Government Mortgage Backed Securities 1,756,097 units | 273,714 | ||||||
Barclays Bank 5.2% Due 7/10/2014 |
Corporate Bonds 260,000 units | 268,013 | ||||||
Federal Home Loan Mortgage Corporation Series 2672 5% Due 11/15/2022 |
Government Mortgage Backed Securities 250,000 units | 267,839 | ||||||
Fannie Mae Pool #AD0584 7% Due 1/01/2039 |
Government Mortgage Backed Securities 232,544 units | 267,446 | ||||||
United States Treasury Bonds 4.24% Due 5/15/2039 |
Government Bonds 210,000 units | 267,159 | ||||||
Fannie Mae Series 2007-100 5.75% Due 10/25/2035 |
Government Mortgage Backed Securities 247,555 units | 264,746 | ||||||
Federal Home Loan Mortgage Corporation Series 1680 6.5% Due 2/15/2024 |
Government Mortgage Backed Securities 235,107 units | 263,604 | ||||||
United States Treasury Bonds 4.5% Due 02/15/2036 |
Government Bonds 200,000 units | 261,719 | ||||||
Ally Auto 2.23% Due 03/15/2016 |
Asset Backed Securities 255,000 units | 261,614 | ||||||
Federal Home Loan Mortgage Corporation Series 2595 5.5% Due 4/15/2023 |
Government Mortgage Backed Securities 235,000 units | 260,381 | ||||||
UBS AG Stamford Branch 3.875% Due 1/15/2015 |
Corporate Bonds 260,000 units | 259,285 | ||||||
American Express Credit 5.125% Due 8/25/2014 |
Corporate Bonds 240,000 units | 257,837 | ||||||
Transocean Inc. 5.25% Due 3/15/2013 |
Corporate Bonds 250,000 units | 256,999 | ||||||
Ginnie Mae Pool #005159 7% Due 01/20/2039 |
Government Mortgage Backed Securities 220,454 units | 256,110 | ||||||
Federal Home Loan Mortgage Corporation Pool #G04467 6% Due 9/01/2035 |
Government Mortgage Backed Securities 227,322 units | 253,224 | ||||||
National Bank of Canada 1.65% Due 01/30/2014 |
Corporate Bonds 250,000 units | 252,640 | ||||||
Bank of America Corporation 4.9% Due 05/01/2013* |
Corporate Bonds 250,000 units | 250,202 | ||||||
First Horizon Mortgage Pass-Through 2003-AR4 Due 12/25/33 |
Collateralized Mortgage Obligations 277,316 units | 249,942 | ||||||
Fannie Mae Pool #735439 6% Due 9/01/2019 |
Government Mortgage Backed Securities 230,283 units | 249,057 |
21
Schedule H, line 4i Schedule of Assets (Held at End of Year) (continued)
Identity of Issue |
Description of Investment |
Current Value | ||||||
Ginnie Mae 2008-047 Remic 5.25% Due 6/16/2038 |
Government Mortgage Backed Securities 215,000 units | 248,128 | ||||||
Master Adjustable Rate Mortgages Trust 2004-8 Due 08/25/2034 |
Collateralized Mortgage Obligations 280,924 units | 247,459 | ||||||
Merrill Lynch & Company Inc. 6.875% Due 4/25/2018* |
Corporate Bonds 250,000 units | 246,485 | ||||||
Honda Auto 1.8% Due 04/17/2017 |
Asset Backed Securities 240,000 units | 243,868 | ||||||
Kraft Foods Inc. 5.375% Due 2/10/2020 |
Corporate Bonds 210,000 units | 242,309 | ||||||
Citigroup/Deutsche Bank Commercial 2005-CD1 Variable Rate Due 07/15/2044 |
Commercial Mortgage Backed Securities 230,000 units | 241,207 | ||||||
Residential Accredited Loans Inc. Pass-Through Series 2003QS7 4.75% Due 4/25/2033 |
Collateralized Mortgage Obligations 238,249 units | 240,111 | ||||||
Federal Home Loan Mortgage Corporation Pool #G3/0484 6.5% Due 01/01/2029 |
Government Mortgage Backed Securities 214,603 units | 239,458 | ||||||
Fannie Mae Pool #7335503 6% Due 4/01/2035 |
Government Mortgage Backed Securities 214,601 units | 239,221 | ||||||
Structured Asset Securities Corporation 2003-BC10 Pass-Through Due 10/25/2033 |
Asset Backed Securities 300,000 units | 238,949 | ||||||
Federal Home Loan Mortgage Corporation Series 2557 5.3% Due 1/15/2033 |
Government Mortgage Backed Securities 217,340 units | 238,873 | ||||||
Structured Asset Securities Corporation 2003-26A Pass-Through Due 9/25/2033 |
Collateralized Mortgage Obligations 286,750 units | 238,526 | ||||||
Fannie Mae Pool #576557 6.5% Due 6/01/2019 |
Government Mortgage Backed Securities 214,256 units | 238,501 | ||||||
Fannie Mae Pool #AD0471 5.5% Due 1/01/2024 |
Government Mortgage Backed Securities 214,566 units | 233,092 | ||||||
Fannie Mae Remic Trust Pass-Through Variable Rate Due 1/25/2040 |
Government Mortgage Backed Securities 1,843,962 units | 232,396 | ||||||
Federal Home Loan Mortgage Corporation Series 2649 5.5% Due 10/15/2022 |
Government Mortgage Backed Securities 215,000 units | 231,784 | ||||||
Fannie Mae Preassign 00491 5% Due 2/25/2018 |
Government Mortgage Backed Securities 216,102 units | 231,374 | ||||||
Federal Home Loan Mortgage Corporation Series 2479 6% Due 8/15/2032 |
Government Mortgage Backed Securities 212,632 units | 230,865 | ||||||
Federal Home Loan Mortgage Corporation Series 2347 5.75% Due 8/15/2031 |
Government Mortgage Backed Securities 206,598 units | 230,690 | ||||||
Fannie Mae Pool #351397 7% Due 3/01/2026 |
Government Mortgage Backed Securities 201,221 units | 230,498 | ||||||
Federal Home Loan Mortgage Corporation Series 2073 6.5% Due 07/15/2028 |
Government Mortgage Backed Securities 201,095 units | 230,202 | ||||||
General Electric Capital Corporation 6% Due 8/07/2019 |
Corporate Bonds 200,000 units | 229,726 | ||||||
Caterpillar Financial Services Corporation 6.2% Due 9/30/2013 |
Corporate Bonds 210,000 units | 228,923 | ||||||
Federal Home Loan Mortgage Corporation Preassign 00121 0% Due 7/15/2036 |
Government Mortgage Backed Securities 239,390 units | 228,199 | ||||||
Federal Home Loan Mortgage Corporation Series 2669 5.5% Due 8/15/2033 |
Government Mortgage Backed Securities 210,000 units | 225,762 | ||||||
Federal Home Loan Mortgage Corporation Series 2684 0% Due 1/15/2033 |
Government Mortgage Backed Securities 247,736 units | 225,685 | ||||||
Banc America Commercial Mortgage Inc. 2005-3 Pass-Through 4.727% Due 7/10/2043* |
Commercial Mortgage Backed Securities 220,000 units | 225,204 | ||||||
John Deere Capital Corporation 4.9% Due 9/09/2013 |
Corporate Bonds 210,000 units | 224,046 | ||||||
BB&T Corporation 3.85% Due 7/27/2012 |
Corporate Bonds 220,000 units | 223,589 | ||||||
Wells Fargo Mortgage Backed Securities 2004-EE Trust Variable Rate Due 12/25/2034 |
Collateralized Mortgage Obligations 234,647 units | 222,756 | ||||||
Ginnie Mae Pool #603459 6% Due 1/15/2018 |
Government Mortgage Backed Securities 202,688 units | 222,094 | ||||||
Fannie Mae Remic Series 2004-101 5% Due 1/25/2020 |
Government Mortgage Backed Securities 200,000 units | 221,606 | ||||||
JP Morgan Mortgage Trust Series 2004-S1 5.5% Due 9/25/2034 |
Collateralized Mortgage Obligations 214,231 units | 221,406 | ||||||
Goldman Sachs Group Inc. 7.5% Due 2/15/2019 |
Corporate Bonds 200,000 units | 220,882 | ||||||
Wells Fargo Mortgage Backed Securities Due 9/25/2034 |
Collateralized Mortgage Obligations 230,693 units | 218,898 | ||||||
Federal Home Loan Mortgage Corporation Pool #P20410 5.5% Due 10/01/2033 |
Government Mortgage Backed Securities 209,268 units | 218,420 | ||||||
Bayview Commercial Asset Trust Variable Rate Due 11/25/2035 |
Commercial Mortgage Backed Securities 291,763 units | 218,335 | ||||||
Fannie Mae Remic Trust 2005-50 5% Due 6/25/2025 |
Government Mortgage Backed Securities 200,000 units | 217,063 | ||||||
Credit Suisse Group AG 5.4% Due 01/14/2020 |
Corporate Bonds 230,000 units | 216,928 | ||||||
Morgan Stanley Mortgage Loan Trust 2004-2AR 5% Due 9/25/2034 |
Collateralized Mortgage Obligations 212,230 units | 216,217 | ||||||
Master Alternative Loan Trust 5.5% Pass-Through |
Collateralized Mortgage Obligations 206,419 units | 215,106 | ||||||
Fannie Mae Remic Series 2007-116 5.5% Due 8/25/2035 |
Government Mortgage Backed Securities 190,000 units | 214,793 | ||||||
Devon Energy Corporation 7.95% Due 4/15/2032 |
Corporate Bonds 150,000 units | 214,679 | ||||||
Banc America Mortgage Securities Inc. 2004-3 Pass-Through 5.5% Due 4/25/2034* |
Collateralized Mortgage Obligations 210,000 units | 214,313 | ||||||
Fannie Mae Remic Trust 2008-91 Floating Rate Due 3/25/2038 |
Government Mortgage Backed Securities 1,970,315 units | 213,958 | ||||||
Washington Mutual Mortgage Pass-Through 2.67% Due 8/25/2033 |
Collateralized Mortgage Obligations 225,743 units | 212,909 | ||||||
Banc America Mortgage Securities Inc. 5% Due 6/25/2019* |
Collateralized Mortgage Obligations 205,860 units | 212,442 | ||||||
United States Treasury Notes 4% Due 8/15/2018 |
Government Bonds 180,000 units | 211,992 | ||||||
British Telecommunications PLC Stepup 12/15/2030 |
Corporate Bonds 150,000 units | 211,395 | ||||||
Fannie Mae Remic Trust 2005-97 5.5% Due 11/25/2035 |
Government Mortgage Backed Securities 185,903 units | 211,147 | ||||||
Fannie Mae Remic Trust 2003-84 5% Due 3/25/2032 |
Government Mortgage Backed Securities 200,000 units | 210,795 | ||||||
Fannie Mae Pool #941028 6.5% Due 7/01/2038 |
Government Mortgage Backed Securities 187,530 units | 209,923 | ||||||
Toronto Dominion Bank 2.2% Due 7/29/2015 |
Corporate Bonds 205,000 units | 209,911 | ||||||
Pfizer Inc. 6.2% Due 3/15/2019 |
Corporate Bonds 170,000 units | 209,764 | ||||||
FirstEnergy Corporation 7.375% Due 11/15/2031 |
Corporate Bonds 170,000 units | 209,062 | ||||||
Banc of America Alternative Loan Trust 2003-5 5% Due 7/25/2018* |
Collateralized Mortgage Obligations 202,293 units | 208,918 | ||||||
JP Morgan Mortgage Trust 2006-A2 3.75% Due 04/25/2036 |
Collateralized Mortgage Obligations 226,732 units | 207,776 | ||||||
HSBC Bank PLC 4.75% Due 01/19/2021 |
Corporate Bonds 200,000 units | 207,393 | ||||||
Simon Property Group Inc. 6.125% Due 5/30/2018 |
Corporate Bonds 180,000 units | 206,641 | ||||||
Thornburg Mortgage Securities Trust 2004-3 Pass-Through Floating Rate Due 11/30/2044 |
Collateralized Mortgage Obligations 240,213 units | 205,720 | ||||||
Fannie Mae Pool #889665 6% Due 8/01/2037 |
Government Mortgage Backed Securities 183,135 units | 202,027 | ||||||
Fannie Mae 1999-54 6.5% Due 11/25/2029 |
Government Mortgage Backed Securities 176,324 units | 201,461 | ||||||
Master Asset Security Trust 5.25% Due 7/25/2019 |
Collateralized Mortgage Obligations 196,550 units | 201,313 | ||||||
Federal Home Loan Mortgage Corporation 6% Due 6/15/2033 |
Government Mortgage Backed Securities 190,000 units | 200,976 | ||||||
Structured Asset Securities Corporation 2003-14 Due 05/25/2033 |
Collateralized Mortgage Obligations 192,689 units | 200,187 |
22
Schedule H, line 4i Schedule of Assets (Held at End of Year) (continued)
Identity of Issue |
Description of Investment |
Current Value | ||||||
Fannie Mae 0% Due 12/01/2024 |
Government Mortgage Backed Securities 212,095 units | 199,988 | ||||||
Residential Accredited Loans Inc. Pass-Through Series 2004-QS7 5.5% Due 5/25/2034 |
Collateralized Mortgage Obligations 227,406 units | 199,547 | ||||||
National Australia Bank Limited 3% Due 07/27/2016 |
Corporate Bonds 200,000 units | 199,254 | ||||||
Citigroup Inc. 6.01% Due 1/15/2015 |
Corporate Bonds 190,000 units | 198,494 | ||||||
Shell International Finance 4.375% Due 3/25/2020 |
Corporate Bonds 170,000 units | 198,469 | ||||||
Morgan Stanley 6.625% Due 4/01/2018 |
Corporate Bonds 200,000 units | 197,489 | ||||||
Master Alternative Loan Trust 2004-3 6.25% Due 4/25/2034 |
Collateralized Mortgage Obligations 192,424 units | 194,533 | ||||||
Fannie Mae Remic Trust 2010-49 Variable Rate Due 3/25/2040 |
Government Mortgage Backed Securities 163,598 units | 194,454 | ||||||
Residential FDG Mortgage Securities I Inc. 2003-S4 5.75% Due 3/25/2033 |
Collateralized Mortgage Obligations 184,363 units | 193,535 | ||||||
Fannie Mae Pool #888281 6% Due 4/01/2027 |
Government Mortgage Backed Securities 175,393 units | 193,377 | ||||||
Fannie Mae Pool #888890 6.5% Due 10/01/2037 |
Government Mortgage Backed Securities 171,487 units | 192,607 | ||||||
CWMBS Inc. 4% Due 8/25/2033 |
Collateralized Mortgage Obligations 192,022 units | 192,047 | ||||||
Ginnie Mae Pool #004318 7% Due 12/20/2038 |
Government Mortgage Backed Securities 164,901 units | 191,725 | ||||||
Federal Home Loan Mortgage Corporation Series Floating Rate 3852 Due 05/15/2041 |
Government Mortgage Backed Securities 191,382 units | 191,593 | ||||||
GMAC Mortgage Loan Trust 2003-J10 4.75% Due 1/25/2019 |
Collateralized Mortgage Obligations 186,487 units | 191,570 | ||||||
Citigroup Mortgage Loan Trust 2008-AR4 Remic Pass-Through Due 11/25/2038 |
Collateralized Mortgage Obligations 191,999 units | 191,516 | ||||||
Morgan Stanley Dean Witter Capital I Trust 2003-HYB1 Variable Rate Due 2/25/2033 |
Collateralized Mortgage Obligations 213,522 units | 190,053 | ||||||
Federal Home Loan Mortgage Corporation Series 2656 5% Due 10/15/2032 |
Government Mortgage Backed Securities 175,000 units | 189,848 | ||||||
Ginnie Mae 6% Due 12/20/2039 |
Government Mortgage Backed Securities 174,362 units | 188,807 | ||||||
Sequoia Mortgage Trust Floating Rate Due 11/20/2034 |
Collateralized Mortgage Obligations 228,592 units | 188,720 | ||||||
Pacific Gas & Electric Company 6.05% Due 3/01/2034 |
Corporate Bonds 150,000 units | 185,676 | ||||||
Baker Hughes Inc. 7.5% Due 11/15/2018 |
Corporate Bonds 140,000 units | 184,692 | ||||||
Deutsche Telekom International 5.75% Due 3/23/2016 |
Corporate Bonds 165,000 units | 183,625 | ||||||
Oncor Electric Delivery Company 6.8% Due 9/1/2018 |
Corporate Bonds 150,000 units | 182,415 | ||||||
Ginnie Mae Pool #699238 6.5% Due 9/15/2023 |
Government Mortgage Backed Securities 165,269 units | 181,661 | ||||||
Fannie Mae Trust 2004 7% Due 2/25/2044 |
Government Mortgage Backed Securities 158,577 units | 181,017 | ||||||
Banc America Commercial Mortgage Trust 2006-3 Due 7/10/2044* |
Commercial Mortgage Backed Securities 165,000 units | 180,887 | ||||||
Cobalt CMBS Commercial Mortgage Trust 2006-C1 Pass-Through 5.186% Due 8/01/48 |
Commercial Mortgage Backed Securities 170,000 units | 180,816 | ||||||
Fannie Mae Pool #550382 6.45% Due 7/1/2030 |
Government Mortgage Backed Securities 157,373 units | 180,557 | ||||||
GlaxoSmithKline 5.65% Due 5/15/2018 |
Corporate Bonds 150,000 units | 180,541 | ||||||
Fannie Mae Pool 5.5% Due 11/1/2036 |
Government Mortgage Backed Securities 164,740 units | 179,727 | ||||||
Structured Asset Securities Corporation Series 2004-6XS Due 3/25/2034 |
Asset Backed Securities 193,357 units | 179,196 | ||||||
Federal Home Loan Mortgage Corporation Series 3688 Variable Rate Due 11/15/2046 |
Government Mortgage Backed Securities 150,540 units | 177,860 | ||||||
Fannie Mae Preassign 00277 5.5% Due 2/25/2033 |
Government Mortgage Backed Securities 155,000 units | 177,652 | ||||||
Residential Accredited Loans Inc. Pass-Through 5% Due 3/25/2019 |
Collateralized Mortgage Obligations 174,915 units | 176,581 | ||||||
Federal Home Loan Mortgage Corporation Series 3201 Floating Rate Due 8/15/2036 |
Government Mortgage Backed Securities 1,167,702 units | 175,800 | ||||||
Wells Fargo Mortgage Backed Securities 2004-K Due 7/25/2034 |
Collateralized Mortgage Obligations 176,172 units | 175,559 | ||||||
CenterPoint Energy 6.5% Due 05/01/2018 |
Corporate Bonds 150,000 units | 175,112 | ||||||
Fannie Mae Pool #767867 5.5% Due 3/01/2033 |
Government Mortgage Backed Securities 159,627 units | 174,847 | ||||||
Ginnie Mae 2009-016 Remic Pass-Through Floating Rate Due 05/20/2037 |
Government Mortgage Backed Securities 1,003,217 units | 173,643 | ||||||
Fannie Mae 2001-T10 Pass-Through 7% Due 12/25/2041 |
Government Mortgage Backed Securities 156,868 units | 173,592 | ||||||
Ginnie Mae 2006-26 Remic 0% Due 6/20/2036 |
Government Mortgage Backed Securities 188,283 units | 172,965 | ||||||
Wellpoint Inc. 5.875% Due 6/15/2017 |
Corporate Bonds 150,000 units | 172,839 | ||||||
Federal Home Loan Mortgage Corporation Pool #E0227 6% Due 11/01/2021 |
Government Mortgage Backed Securities 157,722 units | 172,626 | ||||||
Fannie Mae Pool #256928 6% Due 10/01/2027 |
Government Mortgage Backed Securities 156,556 units | 172,510 | ||||||
Comcast Corporation 5.9% Due 03/15/2016 |
Corporate Bonds 150,000 units | 171,689 | ||||||
Bank of America Corporation 5.65% Due 5/01/2018* |
Corporate Bonds 180,000 units | 171,496 | ||||||
Ginnie Mae Remic Series 2008-40 Floating Rate Due 5/16/2038 |
Government Mortgage Backed Securities 934,012 units | 171,469 | ||||||
Federal Home Loan Mortgage Corporation Pool 5.891% Due 8/1/2037 |
Government Mortgage Backed Securities 160,877 units | 171,467 | ||||||
Fannie Mae 6.5% Due 2/25/2047 |
Government Mortgage Backed Securities 154,232 units | 171,311 | ||||||
Federal Home Loan Mortgage Corporation Series 1078 6.5% Due 5/15/2021 |
Government Mortgage Backed Securities 157,046 units | 171,166 | ||||||
Wells Fargo Mortgage Backed Series 2006-5 Due 04/25/2036 |
Collateralized Mortgage Obligations 170,503 units | 170,230 | ||||||
Berkshire Hathaway Inc. 3.2% Due 2/11/2015 |
Corporate Bonds 160,000 units | 169,626 | ||||||
Citigroup Mortgage Loan Trust 2003-1 5.25% Due 9/25/2033 |
Collateralized Mortgage Obligations 159,836 units | 168,613 | ||||||
Ginnie Mae Pool #738679 7% Due 11/20/2038 |
Government Mortgage Backed Securities 144,353 units | 167,614 | ||||||
United States Treasury Notes 3.25% Due 12/31/2016 |
Government Bonds 150,000 units | 167,484 | ||||||
Ginnie Mae 5.5% Due 6/20/2038 |
Government Mortgage Backed Securities 142,000 units | 167,352 | ||||||
Federal Home Loan Mortgage Corporation Pool #A72934 8% Due 2/01/2038 |
Government Mortgage Backed Securities 138,369 units | 167,187 | ||||||
Federal Home Loan Mortgage Corporation Series 2994 5% Due 6/15/2035 |
Government Mortgage Backed Securities 149,000 units | 166,568 | ||||||
Fannie Mae Pool #888366 7% Due 4/01/2037 |
Government Mortgage Backed Securities 145,264 units | 165,884 | ||||||
Verizon Communications Inc. 6.4% Due 2/15/2038 |
Corporate Bonds 130,000 units | 165,022 | ||||||
Credit Agricole SA 8.375% Floating Rate Due 8/15/2029 |
Corporate Bonds 220,000 units | 165,000 | ||||||
General Electric Capital Corporation 5.9% Due 5/13/2014 |
Corporate Bonds 150,000 units | 164,273 | ||||||
Hess Corporation LLC 5.29% Due 3/25/2016 |
Asset Backed Securities 150,000 units | 162,391 | ||||||
Ginnie Mae 2010-001 Remic Pass-Through Floating Rate Due 8/16/2039 |
Government Mortgage Backed Securities 1,379,046 units | 162,387 |
23
Schedule H, line 4i Schedule of Assets (Held at End of Year) (continued)
Identity of Issue |
Description of Investment |
Current Value | ||||||
Centex Home Equity 4.68% Due 6/25/2032 |
Asset Backed Securities 170,309 units | 161,385 | ||||||
Federal Home Loan Mortgage Corporation Pool #E90573 6% Due 7/01/2017 |
Government Mortgage Backed Securities 146,898 units | 160,779 | ||||||
Ginnie Mae 6.5% Due 6/2/2032 |
Government Mortgage Backed Securities 137,977 units | 158,125 | ||||||
Time Warner Cable Inc. 7.3% Due 7/1/2038 |
Corporate Bonds 130,000 units | 157,970 | ||||||
Ginnie Mae 2009-106 Floating Rate Due 6/20/2037 |
Government Mortgage Backed Securities 958,769 units | 157,053 | ||||||
Ginnie Mae 2010-014 0% Due 3/20/2036 |
Government Mortgage Backed Securities 167,208 units | 156,690 | ||||||
Ginnie Mae Pool #738054 6.5% Due 01/20/2039 |
Government Mortgage Backed Securities 137,300 units | 156,578 | ||||||
Duke Energy Corporation 5.625% Due 11/30/2012 |
Corporate Bonds 150,000 units | 156,305 | ||||||
Federal Home Loan Mortgage Corporation Series 2648 5% Due 7/15/2033 |
Government Mortgage Backed Securities 152,190 units | 155,384 | ||||||
Wells Fargo Mortgage Backed Securities 2003-F Variable Rate Due 6/25/2033 |
Collateralized Mortgage Obligations 155,096 units | 155,182 | ||||||
CitiFinancial Mortgage 5.348% Due 8/25/2033 |
Asset Backed Securities 160,999 units | 155,077 | ||||||
Fannie Mae Pool #AE0081 6% Due 7/01/2024 |
Government Mortgage Backed Securities 142,161 units | 154,017 | ||||||
Banc America Alternative Loan Trust 2004-6 5% Due 7/25/2019* |
Collateralized Mortgage Obligations 151,431 units | 153,293 | ||||||
Fannie Mae Remic Pass-Through Trust 2009-112 Floating Rate Due 1/25/2040 |
Government Mortgage Backed Securities 1,212,696 units | 152,837 | ||||||
Fannie Mae Remic Series 1997-57 5% Due 9/18/2027 |
Government Mortgage Backed Securities 142,417 units | 152,589 | ||||||
GTP Acquisition Partners I, LLC 4.347% Due 06/15/2016 |
Corporate Bonds 152,000 units | 151,353 | ||||||
Banc America Mortgage Securities 2004-C 3.73055% Due 4/25/2034* |
Collateralized Mortgage Obligations 167,162 units | 150,609 | ||||||
Countrywide Financial Corporation 5.8% Due 6/07/2012* |
Corporate Bonds 150,000 units | 150,316 | ||||||
Federal Home Loan Mortgage Corporation Pool #G30290 6.5% Due 3/01/2026 |
Government Mortgage Backed Securities 134,458 units | 150,031 | ||||||
Morgan Stanley 5.625% Due 1/9/2012 |
Corporate Bonds 150,000 units | 150,023 | ||||||
Fannie Mae Remic Series 2007-35 5% Due 9/25/2033 |
Government Mortgage Backed Securities 145,063 units | 149,812 | ||||||
Morgan Stanley Capital I Trust 2011-C3 4.054% Due 7/15/2049 |
Commercial Mortgage Backed Securities 141,000 units | 149,340 | ||||||
Federal Home Loan Mortgage Corporation Series 2046 6.5% Due 4/15/2028 |
Government Mortgage Backed Securities 129,086 units | 147,709 | ||||||
Fannie Mae Pool #889213 6% Due 4/01/2034 |
Government Mortgage Backed Securities 134,793 units | 147,118 | ||||||
Sequoia Mortgage Trust Variable Rate Due 9/20/2034 |
Collateralized Mortgage Obligations 178,999 units | 146,790 | ||||||
Ginne Mae 2008-087 Remic Pass-Through 6.5% Due 10/20/2038 |
Government Mortgage Backed Securities 753,331 units | 146,636 | ||||||
Federal Home Loan Mortgage Corporation Series 3253 Principal Only Due 12/15/2021 |
Government Mortgage Backed Securities 149,489 units | 146,511 | ||||||
UnitedHealth Group Inc. 4.875% Due 2/15/2013 |
Corporate Bonds 140,000 units | 145,784 | ||||||
Federal Home Loan Mortgage Corporation Series 3784 Floating Rate Due 07/15/2023 |
Government Mortgage Backed Securities 1,081,388 units | 144,882 | ||||||
Ginnie Mae Pool #534607 6.45% Due 8/15/2030 |
Government Mortgage Backed Securities 126,779 units | 144,282 | ||||||
Ginnie Mae 2008-050 Remic Pass-Through 6% Due 6/20/2038 |
Government Mortgage Backed Securities 123,000 units | 142,846 | ||||||
Ginnie Mae 2007-058 Remic Pass-Through Floating Rate Due 10/20/2037 |
Government Mortgage Backed Securities 948,411 units | 142,742 | ||||||
Nordea Bank 7% Due 11/13/2014 |
Corporate Bonds 140,000 units | 142,231 | ||||||
Ginnie Mae 2008-091 Remic Pass-Through 6.5% Due 11/20/2038 |
Government Mortgage Backed Securities 837,562 units | 142,109 | ||||||
Fannie Mae Pool #888601 5.5% Due 6/01/2020 |
Government Mortgage Backed Securities 129,804 units | 141,092 | ||||||
Ginnie Mae Remic Series 2008-073 Floating Rate Due 8/20/2038 |
Government Mortgage Backed Securities 900,510 units | 140,295 | ||||||
Morgan Stanley 5.75% Due 01/25/2021 |
Corporate Bonds 150,000 units | 139,921 | ||||||
Federal Home Loan Mortgage Corporation Series 2058 6.5% Due 5/15/2028 |
Government Mortgage Backed Securities 134,686 units | 138,712 | ||||||
Fannie Mae Remic Series 2003-47 5.75% Due 6/25/2033 |
Government Mortgage Backed Securities 119,000 units | 137,061 | ||||||
Fannie Mae 2001-82 6.5% Due 1/25/2032 |
Government Mortgage Backed Securities 119,530 units | 136,768 | ||||||
Fannie Mae Remic Trust 2004-70 5% Due 10/25/2024 |
Government Mortgage Backed Securities 125,000 units | 136,662 | ||||||
United States Treasury Bonds 6.375% Due 8/15/27 |
Government Bonds 90,000 units | 136,420 | ||||||
Ginnie Mae 2008-60 5.5% Due 7/16/2023 |
Government Mortgage Backed Securities 120,000 units | 134,941 | ||||||
Federal Home Loan Mortgage Corporation Pool #G12988 6% Due 1/01/2023 |
Government Mortgage Backed Securities 122,027 units | 132,871 | ||||||
Citigroup Inc. 6.875% Due 3/5/2038 |
Corporate Bonds 120,000 units | 131,834 | ||||||
Fannie Mae Series 390 Variable Rate Due 6/25/2038 |
Government Mortgage Backed Securities 947,090 units | 131,273 | ||||||
JP Morgan Remic Series 2010-4 Variable Rate Due 8/26/2035 |
Collateralized Mortgage Obligations 134,031 units | 131,155 | ||||||
Royal Bank of Scotland 6.4% Due 10/21/2019 |
Corporate Bonds 140,000 units | 131,066 | ||||||
Ally Auto 1.55% Due 10/15/2014 |
Asset Backed Securities 129,000 units | 130,583 | ||||||
Wells Fargo Mortgage Backed Securities 2004-BB Trust Due 1/25/2035 |
Collateralized Mortgage Obligations 135,752 units | 129,651 | ||||||
Ginnie Mae 2004-86 Remic Pass-Through Floating Due 9/20/2034 |
Government Mortgage Backed Securities 901,184 units | 129,406 | ||||||
BP Capital Markets PLC 5.25% Due 11/07/2013 |
Corporate Bonds 120,000 units | 128,708 | ||||||
Wells Fargo Mortgage Backed Securities 2004-EE Trust Variable Rate Due 12/25/2034 |
Collateralized Mortgage Obligations 133,790 units | 128,502 | ||||||
Telecom Italia Capital 5.25% Due 10/01/2015 |
Corporate Bonds 140,000 units | 128,426 | ||||||
Illinois State Taxable Pension 5.1% Due 06/01/2033 |
Municipal/Provincial Bonds 140,000 units | 127,775 | ||||||
Wachovia Commercial Mortgage Trust 2005-C21 5.203% Due 10/15/2044 |
Commercial Mortgage Backed Securities 120,000 units | 126,964 | ||||||
Ginnie Mae 2009-072 Remic Pass-Through Floating Rate Due 08/16/2039 |
Government Mortgage Backed Securities 957,867 units | 125,588 | ||||||
Morgan Stanley Capital I Trust Due 02/12/2044 |
Commercial Mortgage Backed Securities 16,042,411 units | 125,227 | ||||||
Federal Home Loan Mortgage Corporation Pool #C9-0767 6% Due 12/01/2023 |
Government Mortgage Backed Securities 113,427 units | 124,968 | ||||||
Federal Home Loan Mortgage Corporation Series 2934 Principal Only Due 2/15/2020 |
Government Mortgage Backed Securities 129,372 units | 124,773 | ||||||
Fannie Mae 3.625% Due 02/12/2013 |
Government Agency Bonds 120,000 units | 124,446 | ||||||
Ginnie Mae 2006-023 Remic Floating Rate Due 1/20/2036 |
Government Mortgage Backed Securities 936,005 units | 124,184 | ||||||
Dominion Resources Inc. 5.7% Due 9/17/2012 |
Corporate Bonds 120,000 units | 124,023 | ||||||
Fannie Mae Preassign 00472 7% Due 7/25/2042 |
Government Mortgage Backed Securities 110,168 units | 123,963 | ||||||
Mercedes-Benz Auto Receivables Trust 2011-1CI .85% Due 03/15/2015 |
Asset Backed Securities 123,000 units | 123,096 |
24
Schedule H, line 4i Schedule of Assets (Held at End of Year) (continued)
Identity of Issue |
Description of Investment |
Current Value | ||||||
Bank of America Auto Trust 1.31% Due 7/15/2014* |
Asset Backed Securities 122,365 units | 122,730 | ||||||
Fannie Mae Remic Trust 2001-38 Principal Only Due 8/25/2031 |
Government Mortgage Backed Securities 133,195 units | 121,798 | ||||||
Credit Suisse First Boston Securities Corporation Series 2006-C1 Floating Rate Due 2/15/2039 |
Commercial Mortgage Backed Securities 110,000 units | 121,736 | ||||||
Roche Holdings Inc. 6% Due 3/1/2019 |
Corporate Bonds 100,000 units | 121,541 | ||||||
Ontario Province Canada 4% Due 10/07/2019 |
Municipal/Provincial Bonds 110,000 units | 121,445 | ||||||
Citigroup Commercial Mortgage Trust Series 2005-C3 Due 5/15/2043 |
Commercial Mortgage Backed Securities 115,000 units | 121,311 | ||||||
Merrill Lynch & Company Inc. 6.15% Due 4/25/2013* |
Corporate Bonds 120,000 units | 121,124 | ||||||
Fannie Mae Remic Trust 1997-89 7% Due 12/20/2027 |
Government Mortgage Backed Securities 492,696 units | 118,443 | ||||||
Ginnie Mae Remic Series 2007-16 Floating Rate Due 4/20/2037 |
Government Mortgage Backed Securities 888,429 units | 118,273 | ||||||
Ginnie Mae Pool #534855 6.45% Due 11/15/2030 |
Government Mortgage Backed Securities 101,976 units | 116,055 | ||||||
Comcast Corporation 5.7% Due 07/01/2019 |
Corporate Bonds 100,000 units | 116,009 | ||||||
Morgan Stanley Mortgage Loan Trust 2004-2AR Due 09/25/2034 |
Collateralized Mortgage Obligations 146,322 units | 115,804 | ||||||
Federal Home Loan Mortgage Corporation Series 2626 5% Due 6/15/2033 |
Government Mortgage Backed Securities 106,977 units | 115,602 | ||||||
Amerada Hess Corporation 7.3% Due 8/15/2031 |
Corporate Bonds 90,000 units | 115,491 | ||||||
Ginnie Mae Pool #614616 Series 2018 5.5% Due 7/15/2018 |
Government Mortgage Backed Securities 104,376 units | 114,432 | ||||||
Capital One Financial Corporation 4.75% Due 07/15/2021 |
Corporate Bonds 110,000 units | 113,202 | ||||||
XTO Energy Inc. 7.5% Due 4/15/2012 |
Corporate Bonds 110,000 units | 112,202 | ||||||
GS Mortgage Securities Corporation 2005-RP2 Variable Rate Due 3/25/2035 |
Collateralized Mortgage Obligations 138,108 units | 111,524 | ||||||
Bayview Commercial Asset Trust Variable Rate Due 1/25/2036 |
Collateralized Mortgage Obligations 161,422 units | 111,422 | ||||||
Ginnie Mae 5.25% Due 3/20/2038 |
Government Mortgage Backed Securities 100,000 units | 111,319 | ||||||
Ginnie Mae Pool #534720 6.45% Due 9/15/2030 |
Government Mortgage Backed Securities 97,368 units | 110,810 | ||||||
General Electric Capital Corporation 5.625% Due 9/15/2017 |
Corporate Bonds 100,000 units | 110,678 | ||||||
Hewlett-Packard Company 6% Due 09/15/2041 |
Corporate Bonds 100,000 units | 110,662 | ||||||
Banc America Commercial Mortgage Inc. 2005-6 5.195% Due 9/10/2047* |
Commercial Mortgage Backed Securities 100,000 units | 110,599 | ||||||
General Electric Capital Corporation 5.5% Due 1/08/2020 |
Corporate Bonds 100,000 units | 110,029 | ||||||
Morgan Stanley Capital I Trust Inc. 2004-HQ3 4.8% Due 1/13/2041 |
Commercial Mortgage Backed Securities 105,000 units | 109,983 | ||||||
Ginnie Mae 5.25% Due 4/20/2038 |
Government Mortgage Backed Securities 94,000 units | 109,849 | ||||||
Indymac Mortgage Backed Securities Inc. 4.75% Due 2/25/2019 |
Asset Backed Securities 108,314 units | 109,253 | ||||||
Ginnie Mae Remic Series 2008-79 Floating Rate Due 9/20/2038 |
Government Mortgage Backed Securities 544,704 units | 108,708 | ||||||
Wells Fargo Mortgage Backed Securities 2003-A Trust Due 2/25/2033 |
Collateralized Mortgage Obligations 115,315 units | 108,611 | ||||||
Dow Chemical Company 8.55% Due 05/15/2019 |
Corporate Bonds 83,000 units | 108,591 | ||||||
Fannie Mae Pool #745406 6% Due 3/01/2021 |
Government Mortgage Backed Securities 100,207 units | 108,502 | ||||||
Federal Home Loan Mortgage Corporation Preassign 00890 Due 4/15/2036 |
Government Mortgage Backed Securities 112,833 units | 108,082 | ||||||
MetLife Global 5.125% Due 6/10/2014 |
Corporate Bonds 100,000 units | 107,673 | ||||||
GMAC Commercial Mortgage Securities 5.238% Due 11/10/2045 |
Commercial Mortgage Backed Securities 100,000 units | 107,658 | ||||||
Credit Suisse First Boston 5.125% Due 08/15/2015 |
Corporate Bonds 100,000 units | 105,336 | ||||||
Ontario Province Canada 2.7% Due 6/16/2015 |
Municipal/Provincial Bonds 100,000 units | 104,736 | ||||||
Fannie Mae Preassign 00033 5% Due 3/25/2032 |
Government Mortgage Backed Securities 100,000 units | 104,549 | ||||||
Michigan Indiana Power Company 7% Due 3/15/2019 |
Corporate Bonds 85,000 units | 104,549 | ||||||
National Semiconductor 6.6% Due 06/15/2017 |
Corporate Bonds 85,000 units | 104,403 | ||||||
Ohio State University General Receipts Bond 4.8% Due 06/01/2111 |
Municipal/Provincial Bonds 100,000 units | 104,297 | ||||||
United States Treasury Bonds Inflation Index 1.75% Due 1/15/2028 |
Index Linked Government Bonds 80,000 units | 103,992 | ||||||
Ginnie Mae 2007-059 Remic Pass-Through Due 4/20/2037 |
Government Mortgage Backed Securities 843,825 units | 103,435 | ||||||
Apache Corporation 6% Due 1/15/2037 |
Corporate Bonds 80,000 units | 103,142 | ||||||
Prime Mortgage Trust 2004-2 Pass-Through 4.75% Due 11/25/2019 |
Collateralized Mortgage Obligations 100,209 units | 103,081 | ||||||
Commonwealth Bank of Australia 3.75% Due 10/15/2014 |
Corporate Bonds 100,000 units | 103,030 | ||||||
International Business 1.95% Due 07/22/2016 |
Corporate Bonds 100,000 units | 102,916 | ||||||
Nordea Bank 4.875% Due 1/27/2020 |
Corporate Bonds 100,000 units | 102,694 | ||||||
Total Capital 2.3% Due 3/15/2016 |
Corporate Bonds 100,000 units | 102,633 | ||||||
Wyeth 5.95% Due 4/01/2037 |
Corporate Bonds 80,000 units | 102,478 | ||||||
Tennessee Valley Authority Global Power Bond 2009 Series C 5.25% Due 09/15/2039 |
Government Agency Bonds 80,000 units | 102,121 | ||||||
Fannie Mae Remic Series 2004-36 Due 5/25/2034 |
Government Mortgage Backed Securities 78,978 units | 101,929 | ||||||
Fannie Mae Pool #254179 6% Due 1/01/2022 |
Government Mortgage Backed Securities 92,294 units | 101,671 | ||||||
HSBC Finance Corporation 5% Due 06/30/2015 |
Corporate Bonds 100,000 units | 101,539 | ||||||
MetLife Global 2.5% Due 1/11/2013 |
Corporate Bonds 100,000 units | 101,212 | ||||||
Ginnie Mae 2008-069 Remic Pass-Through 5.75% Due 8/20/2038 |
Government Mortgage Backed Securities 85,291 units | 100,882 | ||||||
Federal Home Loan Mortgage Corporation Adjustable Rate Due 5/1/2037 |
Government Mortgage Backed Securities 94,673 units | 100,721 | ||||||
Santander Drive Auto Receivables Trust 2010-A3 1.83% Due 11/17/2014 |
Asset Backed Securities 100,000 units | 100,407 | ||||||
Bank of Nova Scotia 1.65% Due 10/29/2015 |
Corporate Bonds 100,000 units | 99,879 | ||||||
Banc America Mortgage Securities Inc. 2004-11 5.75% Due 12/25/2024* |
Collateralized Mortgage Obligations 95,713 units | 99,079 | ||||||
Washington Mutual Variable Rate Pass-Through Due 9/25/2033 |
Collateralized Mortgage Obligations 103,872 units | 98,252 | ||||||
HSBC Home Equity Loan Trust Series 2006-1 Due 1/20/2036 |
Asset Backed Securities 105,124 units | 97,998 | ||||||
Ginnie Mae Remic Series 1997-16 Due 10/20/2027 |
Government Mortgage Backed Securities 448,329 units | 97,955 | ||||||
Fannie Mae Remic Trust 2006-20 Variable Rate Due 4/25/2036 |
Government Mortgage Backed Securities 608,676 units | 97,582 | ||||||
Boeing Company 6% Due 3/15/2019 |
Corporate Bonds 80,000 units | 97,026 |
25
Schedule H, line 4i Schedule of Assets (Held at End of Year) (continued)
Identity of Issue |
Description of Investment |
Current Value | ||||||
American Express Company 7% Due 3/19/2018 |
Corporate Bonds 80,000 units | 96,673 | ||||||
Chase FDG Mortgage Loan 4.499% Due 8/25/2030 |
Asset Backed Securities 96,650 units | 96,405 | ||||||
Port Authority NY & NJ 5.647% Due 11/01/2040 |
Municipal/Provincial Bonds 85,000 units | 96,318 | ||||||
Diageo Capital PLC 4.828% Due 7/15/2020 |
Corporate Bonds 85,000 units | 96,119 | ||||||
Citigroup Inc. 6.125% Due 11/21/2017 |
Corporate Bonds 90,000 units | 96,051 | ||||||
Federal Home Loan Mortgage Corporation Gold Pool 6.5% Due 4/01/2021 |
Government Mortgage Backed Securities 85,981 units | 95,939 | ||||||
Time Warner Cable Inc. 6.75% Due 7/01/2018 |
Corporate Bonds 80,000 units | 95,017 | ||||||
Equity One ABS Inc. 5.05% Due 9/25/2033 |
Asset Backed Securities 115,995 units | 94,775 | ||||||
Fannie Mae Pool #550390 6.45% Due 10/01/2030 |
Government Mortgage Backed Securities 82,163 units | 94,267 | ||||||
Rabobank Nederland Variable Rate Due 12/29/2049 |
Corporate Bonds 80,000 units | 93,600 | ||||||
Fannie Mae Remic Trust 2005-103 Variable Rate Due 7/25/2035 |
Government Mortgage Backed Securities 88,344 units | 93,303 | ||||||
Federal Home Loan Mortgage Corporation Pool #M30285 5% Due 2/01/2018 |
Government Mortgage Backed Securities 87,522 units | 92,275 | ||||||
Morgan Stanley 3.45% Due 2/11/2015 |
Corporate Bonds 100,000 units | 92,069 | ||||||
Fannie Mae Preassign 00506 6% Due 4/25/2017 |
Government Mortgage Backed Securities 84,942 units | 91,960 | ||||||
PNC FDG Corporation 6.7% Due 6/10/2019 |
Corporate Bonds 75,000 units | 91,503 | ||||||
PPL Energy Supply LLC 4.6% Due 12/15/2021 |
Corporate Bonds 90,000 units | 91,269 | ||||||
Federal Home Loan Mortgage Corporation 0% Due 11/15/2037 |
Government Mortgage Backed Securities 96,613 units | 91,037 | ||||||
Ginnie Mae 6% Due 6/20/2032 |
Government Mortgage Backed Securities 84,365 units | 90,832 | ||||||
Time Warner Cable Inc. 8.75% Due 2/14/2019 |
Corporate Bonds 70,000 units | 89,385 | ||||||
Anheuser Busch 5.375% Due 11/15/2014 |
Corporate Bonds 80,000 units | 88,890 | ||||||
Ginnie Mae 2010-014 Remic Pass-Through Principal Only Due 12/20/2032 |
Government Mortgage Backed Securities 95,609 units | 87,807 | ||||||
Federal Home Loan Mortgage Corporation Pool 5.5% Due 11/1/2035 |
Government Mortgage Backed Securities 80,646 units | 87,794 | ||||||
MidAmerican Energy 5.3% Due 3/15/2018 |
Corporate Bonds 75,000 units | 87,579 | ||||||
Microsoft Corporation 5.3% Due 02/08/2041 |
Corporate Bonds 69,000 units | 87,353 | ||||||
Blackrock Inc. 6.25% Due 9/15/2017* |
Corporate Bonds 75,000 units | 87,256 | ||||||
Ginnie Mae Pool #535143 6.45% Due 1/15/2031 |
Government Mortgage Backed Securities 76,664 units | 87,249 | ||||||
Apache Corporation 6% Due 9/15/2013 |
Corporate Bonds 80,000 units | 87,153 | ||||||
Ginnie Mae Remic Series 2006-26 Due 6/20/2036 |
Government Mortgage Backed Securities 671,657 units | 87,086 | ||||||
PacifiCorp 5.75% Due 04/01/2037 |
Corporate Bonds 70,000 units | 86,479 | ||||||
National Rural Utilities 10.375% Due 11/01/2018 |
Corporate Bonds 60,000 units | 86,325 | ||||||
BB&T Corporation 5.2% Due 12/23/2012 |
Corporate Bonds 80,000 units | 85,648 | ||||||
Petro-Canada 7.875% Due 06/15/2026 |
Corporate Bonds 65,000 units | 85,468 | ||||||
Cleveland Electric Illumination Company 5.65% Due 12/15/2013 |
Corporate Bonds 80,000 units | 85,383 | ||||||
Intel Corporation 3.3% Due 10/01/2021 |
Corporate Bonds 81,000 units | 85,328 | ||||||
Federal Home Loan Mortgage Corporation Series 3747 4.5% Due 07/15/2037 |
Government Mortgage Backed Securities 756,671 units | 84,550 | ||||||
Fannie Mae Remic Trust 2010-35 Variable Rate Due 4/25/2040 |
Government Mortgage Backed Securities 650,938 units | 84,173 | ||||||
United States Treasury Bonds Inflation Index 2% Due 1/15/2026 |
Index Linked Government Bonds 60,000 units | 84,148 | ||||||
Capital One Financial Corporation 6.75% Due 9/15/2017 |
Corporate Bonds 75,000 units | 84,039 | ||||||
Ginnie Mae Pool #535166 6.45% Due 1/15/2031 |
Government Mortgage Backed Securities 72,920 units | 82,988 | ||||||
Time Warner Cable Inc. 6.75% Due 6/15/2039 |
Corporate Bonds 70,000 units | 82,720 | ||||||
Oracle Corporation 5% Due 07/08/2019 |
Corporate Bonds 70,000 units | 82,530 | ||||||
Federal Home Loan Mortgage Corporation Preassign 00603 5% Due 2/15/2020 |
Government Mortgage Backed Securities 802,105 units | 82,326 | ||||||
Federal Home Loan Mortgage Corporation Series 3218 Floating Rate Due 9/15/2026 |
Government Mortgage Backed Securities 553,673 units | 81,857 | ||||||
Fannie Mae 6% Due 4/18/2036 |
Government Agency Bonds 70,000 units | 81,281 | ||||||
Sempra Energy 9.8% Due 02/15/2019 |
Corporate Bonds 60,000 units | 81,033 | ||||||
Nelnet Student Loan Trust Floating Rate Due 4/25/2024 |
Asset Backed Securities 80,000 units | 81,019 | ||||||
Federal Home Loan Mortgage Corporation Pool #G02809 3.5% Due 5/01/2036 |
Government Mortgage Backed Securities 71,603 units | 81,000 | ||||||
ebay Inc. 3.25% Due 10/15/2020 |
Corporate Bonds 80,000 units | 80,755 | ||||||
Federal Home Loan Mortgage Corporation Series 10 Due 7/15/2019 |
Government Mortgage Backed Securities 72,892 units | 80,439 | ||||||
Federal Home Loan Mortgage Corporation Principal Only Due 12/15/2032 |
Government Mortgage Backed Securities 86,859 units | 79,638 | ||||||
Fannie Mae Remic 390 6% Due 7/25/2023 |
Government Mortgage Backed Securities 715,862 units | 79,062 | ||||||
Delta Air Lines Inc. 6.821% Due 8/10/2022 |
Corporate Bonds 75,634 units | 78,939 | ||||||
Time Warner Entertainment 8.375% Due 7/15/2033 |
Corporate Bonds 60,000 units | 78,643 | ||||||
Macquarie Group Limited 7.3% Due 8/01/2014 |
Corporate Bonds 75,000 units | 78,083 | ||||||
Federal Home Loan Mortgage Corporation Series 3593 Floating Rate Due 11/15/2024 |
Government Mortgage Backed Securities 600,843 units | 77,953 | ||||||
Ginnie Mae 2003-018 Floating Rate Due 9/20/2032 |
Government Mortgage Backed Securities 66,417 units | 77,800 | ||||||
Fannie Mae Pool 5.5% Due 2/1/2036 |
Government Mortgage Backed Securities 71,072 units | 77,538 | ||||||
Walt Disney Company 4.125% Due 12/01/2041 |
Corporate Bonds 75,000 units | 77,370 | ||||||
Federal Home Loan Mortgage Corporation Series 3117 Principal Only Due 2/15/2036 |
Government Mortgage Backed Securities 80,398 units | 76,889 | ||||||
Kaupthing Bank 7.625% Due 12/31/2040 |
Corporate Bonds 310,000 units | 76,725 | ||||||
Fannie Mae Interest Strip 5.01% Due 11/15/2021 |
Government Mortgage Backed Securities 100,000 units | 76,675 | ||||||
Ginnie Mae 2002-41 Remic Trust Floating Rate Due 6/16/2032 |
Government Mortgage Backed Securities 390,048 units | 76,456 | ||||||
Jeffries Group 8.5% Due 7/15/2019 |
Corporate Bonds 75,000 units | 76,125 | ||||||
Fannie Mae Preassign 00059 6.5% Due 2/25/2044 |
Government Mortgage Backed Securities 68,254 units | 76,000 | ||||||
Fannie Mae 2003-45 5.5% Due 6/25/2033 |
Government Mortgage Backed Securities 64,000 units | 75,727 |
26
Schedule H, line 4i Schedule of Assets (Held at End of Year) (continued)
Identity of Issue |
Description of Investment |
Current Value | ||||||
Nomura Holdings Inc. 5% Due 3/04/2015 |
Corporate Bonds 75,000 units | 75,523 | ||||||
E. I. du Pont de Nemours & Company 5.6% Due 12/15/2036 |
Corporate Bonds 60,000 units | 74,255 | ||||||
Rio Tinto Financial USA 3.5% Due 11/02/2020 |
Corporate Bonds 72,000 units | 73,592 | ||||||
Federal Home Loan Mortgage Corporation Series 3117 Due 02/15/2036 |
Government Mortgage Backed Securities 77,379 units | 72,737 | ||||||
Hewlett-Packard Company 4.375% Due 09/15/2021 |
Corporate Bonds 70,000 units | 72,243 | ||||||
Federal Home Loan Mortgage Corporation Pool #G13390 6% Due 1/01/2024 |
Government Mortgage Backed Securities 66,227 units | 72,154 | ||||||
Halliburton Company 8.75% Due 02/15/2021 |
Corporate Bonds 50,000 units | 71,917 | ||||||
Union Pacific Corporation 4.163% Due 07/15/2022 |
Corporate Bonds 66,000 units | 71,634 | ||||||
Federal Home Loan Mortgage Corporation Pool #B3-1151 6.5% Due 11/01/2031 |
Government Mortgage Backed Securities 64,921 units | 70,965 | ||||||
ASIF Global Financing XIX 4.9% Due 01/17/2013 |
Corporate Bonds 70,000 units | 70,585 | ||||||
Anheuser Busch 5.375% Due 1/15/2020 |
Corporate Bonds 60,000 units | 70,368 | ||||||
Federal Home Loan Mortgage Corporation Series 3101 5.5% Due 1/15/2036 |
Government Mortgage Backed Securities 60,000 units | 68,858 | ||||||
Fannie Mae Remic Trust 2001-4 7% Due 3/25/2021 |
Government Mortgage Backed Securities 63,226 units | 68,685 | ||||||
Boeing Capital Corporation 4.7% Due 10/27/2019 |
Corporate Bonds 60,000 units | 68,296 | ||||||
Ginnie Mae Pool #534544 6.45% Due 8/15/2030 |
Government Mortgage Backed Securities 59,554 units | 67,776 | ||||||
HSBC Home Equity Loan Trust Series 2005-2 Due 1/20/2035 |
Asset Backed Securities 76,220 units | 67,639 | ||||||
Fannie Mae Pool #745948 6.5% Due 10/01/2036 |
Government Mortgage Backed Securities 60,184 units | 67,596 | ||||||
PSEG Power LLC 5.125% Due 04/15/2020 |
Corporate Bonds 60,000 units | 67,306 | ||||||
Cox Communications Inc. 8.375% Due 03/01/2039 |
Corporate Bonds 50,000 units | 66,948 | ||||||
Southern California Edison 6.65% Due 04/01/2029 |
Corporate Bonds 50,000 units | 65,912 | ||||||
American Municipal Power Ohio Inc. Rev. 7.499% Due 2/15/2050 |
Municipal/Provincial Bonds 50,000 units | 65,283 | ||||||
Fannie Mae Series 331 Variable Rate Due 2/01/2033 |
Government Mortgage Backed Securities 274,937 units | 64,954 | ||||||
AOL Time Warner 7.625% Due 04/15/2031 |
Corporate Bonds 50,000 units | 64,544 | ||||||
Federal Home Loan Mortgage Corporation Floating Rate Due 10/15/2040 |
Government Mortgage Backed Securities 388,689 units | 64,101 | ||||||
Federal Home Loan Mortgage Corporation Series 2611 Floating Rate Due 5/15/2033 |
Government Mortgage Backed Securities 61,592 units | 63,717 | ||||||
Fannie Mae Preassign 00869 Variable Rate Due 12/25/2032 |
Government Mortgage Backed Securities 55,118 units | 63,603 | ||||||
Coca-Cola Company 3.3% Due 09/01/2021 |
Corporate Bonds 60,000 units | 63,182 | ||||||
Citigroup Inc. 6.375% Due 8/12/2014 |
Corporate Bonds 60,000 units | 62,971 | ||||||
PPG Industries Inc. 7.4% Due 9/30/2012 |
Corporate Bonds 50,000 units | 62,352 | ||||||
United Technologies Corporation 6.125% Due 02/01/2019 |
Corporate Bonds 50,000 units | 61,784 | ||||||
Duke Energy Corporation 6% Due 12/01/2028 |
Corporate Bonds 50,000 units | 61,753 | ||||||
Federal Home Loan Mortgage Corporation Series 3306 Floating Rate Due 4/15/2037 |
Government Mortgage Backed Securities 58,118 units | 61,500 | ||||||
Vodafone Group PLC 5% Due 09/15/2015 |
Corporate Bonds 55,000 units | 61,396 | ||||||
AT&T Inc. 6.3% Due 1/15/2038 |
Corporate Bonds 50,000 units | 61,387 | ||||||
Ginnie Mae 2003-112 Floating Rate Due 10/20/2032 |
Government Mortgage Backed Securities 500,000 units | 61,114 | ||||||
News America Inc. 7.625% Due 11/30/2028 |
Corporate Bonds 50,000 units | 60,389 | ||||||
Wal-Mart Stores Inc. 5.25% Due 09/01/2035 |
Corporate Bonds 50,000 units | 59,809 | ||||||
Federal Home Loan Mortgage Corporation Series 2650 Principal Only Due 12/15/2032 |
Government Mortgage Backed Securities 65,393 units | 59,801 | ||||||
Bear Stearns Commercial Mortgage Securities Inc. Series 2005-PWR9 4.871% Due 9/15/2015 |
Commercial Mortgage Backed Securities 55,000 units | 59,652 | ||||||
FPL Group Capital Inc. 7.875% Due 12/15/2015 |
Corporate Bonds 50,000 units | 59,650 | ||||||
CSX Corporation 6.25% Due 3/15/2018 |
Corporate Bonds 50,000 units | 59,520 | ||||||
Hewlett-Packard Company 6.125% Due 3/1/2014 |
Corporate Bonds 55,000 units | 59,304 | ||||||
Dow Chemical Company 4.25% Due 11/15/2020 |
Corporate Bonds 57,000 units | 59,248 | ||||||
Canadian Natural Resources Limited 5.9% Due 02/01/2018 |
Corporate Bonds 50,000 units | 58,930 | ||||||
Fannie Mae Preassign 00464 Due 1/25/2036 |
Government Mortgage Backed Securities 59,902 units | 58,707 | ||||||
Federal Home Loan Mortgage Corporation Series 3213 6% Due 9/15/2036 |
Government Mortgage Backed Securities 50,000 units | 58,294 | ||||||
Cisco Systems Inc. 5.5% Due 2/22/2016 |
Corporate Bonds 50,000 units | 58,187 | ||||||
Praxair Inc. 5.2% Due 3/15/2017 |
Corporate Bonds 50,000 units | 57,678 | ||||||
Countrywide Financial Corporation 6.25% Due 5/15/2015* |
Corporate Bonds 60,000 units | 56,528 | ||||||
Alberta Energy Limited 7.375% Due 11/01/2031 |
Corporate Bonds 45,000 units | 56,278 | ||||||
Federal Home Loan Mortgage Corporation Series 2755 Principal Only Due 2/15/2029 |
Government Mortgage Backed Securities 56,426 units | 56,224 | ||||||
Intuit Inc. 5.75% Due 3/15/2017 |
Corporate Bonds 50,000 units | 56,088 | ||||||
Merrill Lynch Mortgage Trust Series 2005-LC1 Due 1/12/2044* |
Commercial Mortgage Backed Securities 60,000 units | 56,061 | ||||||
AGL Capital Corporation 3.5% Due 09/15/2021 |
Corporate Bonds 56,000 units | 56,030 | ||||||
Waste Management Inc. of Delaware 4.75% Due 6/20/2020 |
Corporate Bonds 50,000 units | 54,852 | ||||||
Xerox Corporation 5.625% Due 12/15/2019 |
Corporate Bonds 50,000 units | 54,619 | ||||||
DirecTV Holdings 6% Due 08/15/2040 |
Corporate Bonds 50,000 units | 54,544 | ||||||
Bank of New York Inc. 4.6% Due 1/15/2020 |
Corporate Bonds 50,000 units | 54,431 | ||||||
Federal Home Loan Mortgage Corporation Pool #M30277 5% Due 11/01/2017 |
Government Mortgage Backed Securities 51,390 units | 54,181 | ||||||
National Semiconductor 3.95% Due 04/15/2015 |
Corporate Bonds 50,000 units | 54,010 | ||||||
Arrow Electronics Inc. 6% Due 4/1/2020 |
Corporate Bonds 50,000 units | 53,608 | ||||||
Potash Corporation of Saskatchewan, Inc. 3.75% Due 09/30/2015 |
Corporate Bonds 50,000 units | 53,607 | ||||||
New York Life Global 5.375% Due 09/15/2013 |
Corporate Bonds 50,000 units | 53,337 | ||||||
Lockheed Martin 4.25% Due 11/15/2019 |
Corporate Bonds 50,000 units | 53,183 | ||||||
General Electric Capital Corporation 5.875% Due 1/14/2038 |
Corporate Bonds 50,000 units | 52,979 |
27
Schedule H, line 4i Schedule of Assets (Held at End of Year) (continued)
Identity of Issue |
Description of Investment |
Current Value | ||||||
CenterPoint Energy Resources Corporation 4.5% 01/15/2021 |
Corporate Bonds 50,000 units | 52,956 | ||||||
Federal Home Loan Mortgage Corporation Floating Rate Due 4/15/2037 |
Government Mortgage Backed Securities 50,265 units | 52,508 | ||||||
Fannie Mae Pool #550389 6.45% Due 9/1/2030 |
Government Mortgage Backed Securities 45,679 units | 52,408 | ||||||
New York Life Global 3% Due 5/04/2015 |
Corporate Bonds 50,000 units | 52,366 | ||||||
Norfolk Southern 6% Due 05/23/2111 |
Corporate Bonds 45,000 units | 52,236 | ||||||
First Horizon Pass-Through Series 2003-7 4.5% Due 9/25/2018 |
Collateralized Mortgage Obligations 50,693 units | 52,093 | ||||||
Bunge Limited Finance Corporation 5.875% Due 5/15/2013 |
Corporate Bonds 50,000 units | 52,041 | ||||||
Bank of New York Inc. 2.95% Due 6/18/2015 |
Corporate Bonds 50,000 units | 51,853 | ||||||
Goldman Sachs Group Inc. 6.15% Due 4/01/2018 |
Corporate Bonds 50,000 units | 51,604 | ||||||
Deutsche Bank 4.875% Due 5/20/2013 |
Corporate Bonds 50,000 units | 51,110 | ||||||
HSBC Finance Corporation 4.75% Due 07/15/2013 |
Corporate Bonds 50,000 units | 51,057 | ||||||
Viacom Inc. 7.875% Due 7/30/2030 |
Corporate Bonds 40,000 units | 50,888 | ||||||
Royal Bank of Canada 2.3% Due 07/20/2016 |
Corporate Bonds 50,000 units | 50,827 | ||||||
Fifth Third Bancorp 3.625% Due 01/25/2016 |
Corporate Bonds 50,000 units | 50,730 | ||||||
The Mosaic Company 3.75% Due 11/15/2021 |
Corporate Bonds 50,000 units | 50,520 | ||||||
Fannie Mae Pool 5.5% Due 6/1/2036 |
Government Mortgage Backed Securities 46,058 units | 50,348 | ||||||
Duke Capital Corporation 8% Due 10/01/2019 |
Corporate Bonds 40,000 units | 50,337 | ||||||
Wea Finance LLC 6.75% Due 09/02/2019 |
Corporate Bonds 45,000 units | 50,191 | ||||||
Freddie Mac Series 2643 Floating Rate Due 3/15/2032 |
Government Mortgage Backed Securities 28,564 units | 49,398 | ||||||
Morgan Stanley 4.75% Due 4/1/2014 |
Corporate Bonds 50,000 units | 49,254 | ||||||
Federal Home Loan Mortgage Corporation Pool 5.697% Due 4/1/2037 |
Government Mortgage Backed Securities 46,114 units | 48,927 | ||||||
Fannie Mae Remic Trust 2009-15 Variable Rate Due 3/25/2024 |
Government Mortgage Backed Securities 433,499 units | 48,858 | ||||||
SunTrust Banks Inc. 5.25% Due 11/05/2012 |
Corporate Bonds 47,000 units | 48,167 | ||||||
Ginnie Mae 2009-010 Remic Pass-Through Floating Rate Due 3/16/2034 |
Government Mortgage Backed Securities 452,624 units | 47,975 | ||||||
Ginnie Mae 2010-014 Remic Pass-Through Principal Only Due 6/16/2033 |
Government Mortgage Backed Securities 49,497 units | 47,833 | ||||||
Nevada Power Company 5.45% Due 05/15/2041 |
Corporate Bonds 40,000 units | 47,523 | ||||||
Connecticut Light & Power Company 5.65% Due 05/01/2018 |
Corporate Bonds 40,000 units | 47,397 | ||||||
Dell Inc. 5.875% Due 6/15/2019 |
Corporate Bonds 40,000 units | 46,973 | ||||||
Alabama Power Company 6.125% Due 05/15/2038 |
Corporate Bonds 35,000 units | 46,602 | ||||||
Deutsche Bank Financial 5.375% Due 03/02/2015 |
Corporate Bonds 45,000 units | 46,409 | ||||||
StatoilHydro ASA 5.25% Due 04/15/2019 |
Corporate Bonds 40,000 units | 46,290 | ||||||
Federal Home Loan Mortgage Corporation Series 3171 Principal Only Due 6/15/2036 |
Government Mortgage Backed Securities 50,465 units | 46,155 | ||||||
Fannie Mae Remic Trust 1993-G17 Variable Rate Due 4/25/2023 |
Government Mortgage Backed Securities 171,878 units | 45,921 | ||||||
ERP Operating Limited Partnership 4.625% Due 12/15/2021 |
Corporate Bonds 45,000 units | 45,889 | ||||||
Goldman Sachs 3.7% Due 8/01/2015 |
Corporate Bonds 46,000 units | 45,066 | ||||||
BHP Billiton Finance USA Limited 5.5% Due 04/01/2014 |
Corporate Bonds 40,000 units | 43,968 | ||||||
Talisman Energy, Inc. 7.75% Due 06/01/2019 |
Corporate Bonds 35,000 units | 43,157 | ||||||
BP Capital Markets PLC 3.875% Due 3/10/2015 |
Corporate Bonds 40,000 units | 42,712 | ||||||
Pitney Bowes Inc. 5.875% Due 8/15/2014 |
Corporate Bonds 40,000 units | 42,533 | ||||||
Commonwealth Bank of Australia 5.0% Due 10/15/2019 |
Corporate Bonds 40,000 units | 42,422 | ||||||
Allstate Life 5.375% Due 4/30/2013 |
Corporate Bonds 40,000 units | 42,237 | ||||||
US Bancorp 4.125% Due 05/24/2021 |
Corporate Bonds 38,000 units | 42,220 | ||||||
Wells Fargo & Company 5.5% Due 05/01/2013 |
Corporate Bonds 40,000 units | 42,204 | ||||||
Principal Life Inc. 5.3% Due 12/14/2012 |
Corporate Bonds 40,000 units | 41,632 | ||||||
Ginnie Mae 2008-060 Remic Pass-Through 5.5% Due 7/20/2038 |
Government Mortgage Backed Securities 35,000 units | 41,573 | ||||||
Fannie Mae Pool #550387 6.45% Due 8/01/2030 |
Government Mortgage Backed Securities 35,010 units | 40,167 | ||||||
PNC FDG Corporation 5.25% Due 11/15/2015 |
Corporate Bonds 36,000 units | 39,155 | ||||||
Fannie Mae Remic Trust 2010-43 4.5% Due 2/25/2025 |
Government Mortgage Backed Securities 568,902 units | 39,067 | ||||||
Appalachian Power Company 6.7% Due 08/15/2038 |
Corporate Bonds 30,000 units | 38,805 | ||||||
Delta Air Lines Inc. 4.95% Due 5/23/2019 |
Corporate Bonds 38,129 units | 38,605 | ||||||
PNC FDG Corporation 5.625% Due 2/01/2017 |
Corporate Bonds 35,000 units | 38,111 | ||||||
Time Warner Cable Inc. 8.25% Due 4/01/2019 |
Corporate Bonds 30,000 units | 37,680 | ||||||
Johnson Controls Inc. 4.25% Due 03/01/2021 |
Corporate Bonds 35,000 units | 37,400 | ||||||
Telecom Italia Capital 6.999% Due 6/04/2018 |
Corporate Bonds 40,000 units | 37,396 | ||||||
Bunge Limited Finance Corporation 8.5% Due 6/15/2019 |
Corporate Bonds 30,000 units | 36,517 | ||||||
Public Service Electric & Gas 2.7% Due 5/01/2015 |
Corporate Bonds 35,000 units | 36,487 | ||||||
Nationwide Mutual Insurance Company 9.375% Due 08/15/2039 |
Corporate Bonds 30,000 units | 36,254 | ||||||
CME Group Inc. 5.75% Due 2/01/2014 |
Corporate Bonds 33,000 units | 35,971 | ||||||
Pacific Gas & Electric Company 5.625% Due 11/30/2017 |
Corporate Bonds 30,000 units | 35,500 | ||||||
Crown Castle Towers LLC 3.214% Due 08/15/2015 |
Corporate Bonds 35,000 units | 35,391 | ||||||
Progress Energy 4.4% Due 01/15/2021 |
Corporate Bonds 32,000 units | 35,273 | ||||||
Crh America, Inc. 6% Due 09/30/2016 |
Corporate Bonds 33,000 units | 35,251 | ||||||
Boeing Company 4.875% Due 11/15/2020 |
Corporate Bonds 30,000 units | 35,027 | ||||||
Norfolk Southern 7.25% Due 2/15/2031 |
Corporate Bonds 25,000 units | 34,690 | ||||||
Southwestern Public Service Company 8.75% Due 12/01/2018 |
Corporate Bonds 25,000 units | 34,146 |
28
Schedule H, line 4i Schedule of Assets (Held at End of Year) (continued)
Identity of Issue |
Description of Investment |
Current Value | ||||||
Goldman Sachs 3.625% Due 02/07/2016 |
Corporate Bonds 35,000 units | 33,818 | ||||||
Fannie Mae Remic Trust 2006-21 5.5% Due 3/25/2029 |
Government Mortgage Backed Securities 32,864 units | 33,802 | ||||||
Dominion Resources Inc. 8.875% Due 1/15/2019 |
Corporate Bonds 25,000 units | 33,176 | ||||||
Kellogg Company 3.25% Due 05/21/2018 |
Corporate Bonds 31,000 units | 32,600 | ||||||
Kansas City Power & Light Company 5.3% Due 10/01/2041 |
Corporate Bonds 30,000 units | 32,290 | ||||||
Bank of New York Inc. 4.15% Due 02/01/2021 |
Corporate Bonds 30,000 units | 31,760 | ||||||
Fannie Mae Floating Rate 2007-88 Due 9/25/2037 |
Government Mortgage Backed Securities 204,885 units | 31,748 | ||||||
Target Corporation 6.35% Due 11/01/2032 |
Corporate Bonds 25,000 units | 31,745 | ||||||
Gap, Inc. 5.95% Due 04/12/2021 |
Corporate Bonds 33,000 units | 31,475 | ||||||
Rabobank Nederland 4.5% Due 01/11/2021 |
Corporate Bonds 30,000 units | 31,165 | ||||||
Elm Road Generating Station LLC 6.09% Due 2/11/2040 |
Corporate Bonds 25,000 units | 31,163 | ||||||
CSX Corporation 7.9% Due 05/01/2017 |
Corporate Bonds 25,000 units | 31,142 | ||||||
Northern States Power Company 5.35% Due 11/01/2039 |
Corporate Bonds 25,000 units | 31,051 | ||||||
Public Service Electric & Gas 5.375% Due 11/01/2039 |
Corporate Bonds 25,000 units | 30,912 | ||||||
US Bancorp 2.45% Due 07/27/2015 |
Corporate Bonds 30,000 units | 30,745 | ||||||
Devon Energy Corporation 6.3% Due 01/15/2019 |
Corporate Bonds 25,000 units | 30,579 | ||||||
CVS Caremark Corporation 6.125% Due 9/15/2039 |
Corporate Bonds 25,000 units | 30,422 | ||||||
PACCAR Financial Corporation 1.55% Due 09/29/2014 |
Corporate Bonds 30,000 units | 30,353 | ||||||
PPG Industries Inc. 6.65% Due 03/15/2018 |
Corporate Bonds 25,000 units | 30,245 | ||||||
Verizon Communications Inc. 6.1% Due 4/15/2018 |
Corporate Bonds 25,000 units | 30,034 | ||||||
Southern California Edison 5.5% Due 08/15/2018 |
Corporate Bonds 25,000 units | 29,961 | ||||||
Burlington Northern Santa Fe 5.75% Due 05/01/2040 |
Corporate Bonds 25,000 units | 29,910 | ||||||
PepsiCo Inc. 7.9% Due 11/01/2018 |
Corporate Bonds 22,000 units | 29,701 | ||||||
Berkshire Hathaway Inc. 5.75% Due 1/15/2040 |
Corporate Bonds 25,000 units | 29,662 | ||||||
United Parcel Service Inc. 8.375% 4/01/2030 |
Corporate Bonds 20,000 units | 29,295 | ||||||
Northwest Airlines Pass-Through Trust 1999-2 Mortgage .575% Due 3/01/2019 |
Asset Backed Securities 28,060 units | 29,253 | ||||||
American Water Capital Corporation 6.085% Due 10/15/2017 |
Corporate Bonds 25,000 units | 29,081 | ||||||
Public Service Company of Colorado 3.2% Due 11/15/2020 |
Corporate Bonds 28,000 units | 29,045 | ||||||
Cash and cash equivalents |
Cash and cash equivalents | 29,029 | ||||||
Dell Inc. 5.65% Due 04/15/2018 |
Corporate Bonds 25,000 units | 28,962 | ||||||
Xerox Corporation 6.75% Due 2/01/2017 |
Corporate Bonds 25,000 units | 28,637 | ||||||
Jeffries Group 6.25% Due 1/15/2036 |
Corporate Bonds 35,000 units | 28,619 | ||||||
Ginnie Mae 2001-53 Remic Trust Due 10/20/2031 |
Government Mortgage Backed Securities 214,447 units | 28,565 | ||||||
Centel Capital Corporation 9.00% Due 10/15/2019 |
Corporate Bonds 25,000 units | 28,159 | ||||||
CenterPoint Energy 7% Due 03/01/2014 |
Corporate Bonds 25,000 units | 28,101 | ||||||
Wisconsin Power & Light Company 6.375% Due 8/15/2037 |
Corporate Bonds 20,000 units | 27,314 | ||||||
National City Corporation 4.9% Due 01/15/2016 |
Corporate Bonds 25,000 units | 27,016 | ||||||
Federal Home Loan Mortgage Corporation Pool #M30262 5% Due 3/1/2017 |
Government Mortgage Backed Securities 25,378 units | 26,757 | ||||||
Philips Electronics 7.2% Due 6/01/2026 |
Corporate Bonds 20,000 units | 26,505 | ||||||
Electric Data Systems Inc. Step Coupon 6% Due 8/01/2013 |
Corporate Bonds 25,000 units | 26,502 | ||||||
Fannie Mae 5% Due 3/25/2023 |
Government Mortgage Backed Securities 287,788 units | 26,322 | ||||||
Aquila Inc. Due 7/01/2012 |
Corporate Bonds 25,000 units | 26,253 | ||||||
Rio Tinto Financial USA 3.75% Due 09/20/2021 |
Corporate Bonds 25,000 units | 26,197 | ||||||
Jackson National Life 5.375% Due 5/08/2013 |
Corporate Bonds 25,000 units | 26,164 | ||||||
Fannie Mae Remic Trust 1997-30 8% Due 5/18/2027 |
Government Mortgage Backed Securities 130,013 units | 26,150 | ||||||
AGL Capital Corporation 5.875% Due 03/15/2041 |
Corporate Bonds 22,000 units | 26,026 | ||||||
Glitnir Banki HF Medium Term In Default 6.375% Due 9/25/2012 |
Corporate Bonds 100,000 units | 26,000 | ||||||
CNA Financial Corporation 5.875% Due 8/15/2020 |
Corporate Bonds 25,000 units | 25,681 | ||||||
Nordstrom, Inc. 4% Due 10/15/2021 |
Corporate Bonds 24,000 units | 25,018 | ||||||
American Water Capital Corporation 6.593% Due 10/15/2037 |
Corporate Bonds 20,000 units | 24,640 | ||||||
Cisco Systems Inc. 5.5% Due 01/15/2040 |
Corporate Bonds 20,000 units | 24,471 | ||||||
Nomura Holdings Inc. 4.125% Due 01/19/2016 |
Corporate Bonds 25,000 units | 24,397 | ||||||
Continental Airlines Pass-Through Trust 2007-1A 5.983% Due 04/19/2022 |
Corporate Bonds 23,237 units | 24,194 | ||||||
Union Pacific Corporation 5.45% Due 1/31/2013 |
Corporate Bonds 23,000 units | 24,127 | ||||||
ERAC USA Finance LLC 2.25% Due 01/10/2014 |
Corporate Bonds 24,000 units | 23,900 | ||||||
Macquarie Group Limited 6.25% Due 01/14/2021 |
Corporate Bonds 25,000 units | 23,884 | ||||||
General Mills Inc. 5.65% Due 2/15/2019 |
Corporate Bonds 20,000 units | 23,734 | ||||||
Viacom Inc. 3.875% due 12/15/2021 |
Corporate Bonds 23,000 units | 23,480 | ||||||
Cisco Systems Inc. 4.45% Due 01/15/2020 |
Corporate Bonds 20,000 units | 22,739 | ||||||
Goldman Sachs 5.25% Due 07/27/2021 |
Corporate Bonds 23,000 units | 22,437 | ||||||
Northrop Grumman 5.05% Due 08/01/2019 |
Corporate Bonds 20,000 units | 22,296 | ||||||
Banc America Mortgage Securities Inc. Series 2003-8 4.5% Due 10/25/2033* |
Collateralized Mortgage Obligations 22,066 units | 22,034 | ||||||
Ginnie Mae 2008-071 Remic Pass-Through Floating Rate Due 8/20/2038 |
Government Mortgage Backed Securities 155,140 units | 21,821 | ||||||
Charles Schwab Corporation 4.95% Due 6/01/2014 |
Corporate Bonds 20,000 units | 21,675 | ||||||
Pitney Bowes Inc. 6.25% Due 3/15/2019 |
Corporate Bonds 20,000 units | 21,653 |
29
Schedule H, line 4i Schedule of Assets (Held at End of Year) (continued)
Identity of Issue |
Description of Investment |
Current Value | ||||||||
United States Treasury Bonds Inflation Index 3.875% Due 4/15/2029 |
Index Linked Government Bonds 10,000 units | 21,464 | ||||||||
State Street Corporation 4.3% Due 5/30/2014 |
Corporate Bonds 20,000 units | 21,405 | ||||||||
Allied Waste North America Inc. 6.875% Due 06/01/2017 |
Corporate Bonds 20,000 units | 21,150 | ||||||||
CNA Financial Corporation 5.85% Due 12/15/2014 |
Corporate Bonds 20,000 units | 21,074 | ||||||||
Fannie Mae 2009-18 5% Due 3/25/2024 |
Government Mortgage Backed Securities 224,292 units | 20,952 | ||||||||
Morgan Stanley 5.3% Due 3/01/2013 |
Corporate Bonds 20,000 units | 20,245 | ||||||||
Citigroup Inc. 5.875% Due 5/29/2037 |
Corporate Bonds 20,000 units | 19,975 | ||||||||
Fannie Mae Remic Series 2008-80 5.60825% Due 9/25/2038 |
Government Mortgage Backed Securities 160,507 units | 19,202 | ||||||||
American Airlines Pass Through Trust 5.25% Due 07/31/2022 |
Corporate Bonds 19,970 units | 18,573 | ||||||||
Ryder Systems Inc. 3.6% Due 3/16/2016 |
Corporate Bonds 18,000 units | 18,570 | ||||||||
Nucor Corporation 5.85% Due 06/01/2018 |
Corporate Bonds 15,000 units | 17,896 | ||||||||
Berkshire Hathaway Inc. 2.45% Due 12/15/2015 |
Corporate Bonds 17,000 units | 17,625 | ||||||||
Medco Health 7.125% Due 03/15/2018 |
Corporate Bonds 15,000 units | 17,484 | ||||||||
Dow Chemical Company 4.125% Due 11/15/2021 |
Corporate Bonds 17,000 units | 17,437 | ||||||||
American Airlines 2011-2 8.625% Due 04/15/2023 |
Corporate Bonds 17,000 units | 17,340 | ||||||||
Waste Management Inc. 4.6% Due 03/01/2021 |
Corporate Bonds 16,000 units | 17,338 | ||||||||
ACE INA Holdings Inc. 5.6% Due 5/15/2015 |
Corporate Bonds 15,000 units | 16,733 | ||||||||
SABMiller PLC 5.7% Due 01/15/2014 |
Corporate Bonds 15,000 units | 16,267 | ||||||||
Federal Home Loan Mortgage Corporation Series 3219 6% Due 4/15/2036 |
Government Mortgage Backed Securities 109,603 units | 15,930 | ||||||||
San Diego Gas & Electric 3.95% Due 11/15/2041 |
Corporate Bonds 14,000 units | 14,337 | ||||||||
Fannie Mae Preassign 00470 7% Due 6/25/2033 |
Government Mortgage Backed Securities 81,460 units | 14,100 | ||||||||
Public Service Company of Oklahoma 4.4% Due 02/01/2021 |
Corporate Bonds 13,000 units | 14,089 | ||||||||
Shell International Finance BV 6.375% Due 12/15/2038 |
Corporate Bonds 10,000 units | 13,763 | ||||||||
Federal Home Loan Mortgage Corporation Series 3058 0% Due 10/15/2035 |
Government Mortgage Backed Securities 14,422 units | 13,638 | ||||||||
Federal Home Loan Mortgage Corporation Series 2684 0% Due 10/15/2033 |
Government Mortgage Backed Securities 13,653 units | 13,617 | ||||||||
Amerada Hess Corporation 7.875% Due 10/01/2029 |
Corporate Bonds 10,000 units | 13,435 | ||||||||
Wal-Mart Stores Inc. 6.2% Due 4/15/2038 |
Corporate Bonds 10,000 units | 13,429 | ||||||||
Southern Company 1.95% Due 09/01/2016 |
Corporate Bonds 13,000 units | 13,123 | ||||||||
Fannie Mae Remic Trust 2008-53 Variable Rate Due 7/25/2038 |
Government Mortgage Backed Securities 89,199 units | 12,857 | ||||||||
CBS Corporation 8.875% Due 05/15/2019 |
Corporate Bonds 10,000 units | 12,844 | ||||||||
Florida Power & Light Company 5.95% Due 10/01/2033 |
Corporate Bonds 10,000 units | 12,790 | ||||||||
AT&T Inc. 6.4% Due 5/15/2038 |
Corporate Bonds 10,000 units | 12,354 | ||||||||
Lincoln National Corporation 4.85% Due 06/24/2021 |
Corporate Bonds 12,000 units | 12,225 | ||||||||
Kroger Company 6.15% Due 1/15/2020 |
Corporate Bonds 10,000 units | 12,135 | ||||||||
Fannie Mae Remic Series 2009-9 5% Due 2/25/2024 |
Government Mortgage Backed Securities 121,645 units | 12,012 | ||||||||
Kroger Company 5.4% Due 7/15/2040 |
Corporate Bonds 11,000 units | 11,851 | ||||||||
Federal Home Loan Mortgage Corporation Series 2326 6.5% Due 6/15/2031 |
Government Mortgage Backed Securities 9,841 units | 11,369 | ||||||||
News America Inc. 6.65% Due 11/15/2037 |
Corporate Bonds 10,000 units | 11,329 | ||||||||
Aon Corporation 3.5% Due 9/30/2015 |
Corporate Bonds 11,000 units | 11,288 | ||||||||
BAE Systems Holdings Inc. 5.2% Due 8/15/2015 |
Corporate Bonds 10,000 units | 10,752 | ||||||||
AIG Sunamerica Global Financing X 6.9% Due 03/15/2032 |
Corporate Bonds 10,000 units | 10,592 | ||||||||
Burlington Northern Santa Fe 3.45% Due 09/15/2021 |
Corporate Bonds 10,000 units | 10,307 | ||||||||
Citigroup Inc. 4.75% Due 05/19/2015 |
Corporate Bonds 10,000 units | 10,128 | ||||||||
Rabobank Nederland 2.125% Due 10/13/2015 |
Corporate Bonds 10,000 units | 9,799 | ||||||||
Ginnie Mae 2003-076 Remic Pass-Through Variable Rate Due 9/20/2031 |
Government Mortgage Backed Securities 135,403 units | 9,639 | ||||||||
General Electric Capital Corporation 5.3% Due 02/11/2021 |
Corporate Bonds 9,000 units | 9,621 | ||||||||
Citigroup Inc. 6.125% Due 8/25/2036 |
Corporate Bonds 10,000 units | 8,650 | ||||||||
PSEG Power LLC 4.15% Due 09/15/2021 |
Corporate Bonds 8,000 units | 8,309 | ||||||||
Lehman Brothers Holdings Inc. 6.2% Due 9/26/2014 |
Corporate Bonds 30,000 units | 7,913 | ||||||||
Shell International Finance 3.1% Due 6/28/2015 |
Corporate Bonds 7,000 units | 7,505 | ||||||||
Newell Rubbermaid 4.7% Due 8/15/2020 |
Corporate Bonds 7,000 units | 7,394 | ||||||||
Bear Stearns Asset Backed Securities Trust Adjustable Rate Due 12/25/2033 |
Asset Backed Securities 8,443 units | 7,062 | ||||||||
Federal Home Loan Mortgage Corporation Preassign 00482 6.5% Due 3/15/2033 |
Government Mortgage Backed Securities 35,911 units | 6,507 | ||||||||
John Deere Owner 1.28999996185% Due 01/15/2016 |
Asset Backed Securities 5,000 units | 5,028 | ||||||||
Residential Asset Mortgage Products Inc. Floating Rate Due 3/25/2033 |
Asset Backed Securities 2,394 units | 1,620 | ||||||||
Xcel Energy, Inc. 4.8% Due 09/15/2041 |
Corporate Bonds 1,000 units | 1,090 | ||||||||
Wisconsin Electric Power Company 2.95% Due 09/15/2021 |
Corporate Bonds 1,000 units | 1,019 | ||||||||
Lehman Brothers Holdings Inc. 6.5% Due 7/19/2017 |
Corporate Bonds 180,000 units | 18 | ||||||||
Lehman Brothers Holdings Inc. 6.75% Due 12/28/2017 |
Corporate Bonds 130,000 units | 13 | ||||||||
Lehman Brothers Holdings Inc. 5.857% |
Corporate Bonds 10,000 units | 1 | ||||||||
|
|
|||||||||
Total Fixed Income Asset Class |
177,197,163 | |||||||||
High Yield Asset Class: |
||||||||||
Blackrock High Yield Bond Fund* |
Mutual Fund 7,449,761 units | 55,053,733 | ||||||||
Northern Trust Global Investments Collective Daily Short Term Investment Fund* |
Common Collective Trust 3,066,442 units | 3,066,442 | ||||||||
|
|
|||||||||
Total High Yield Asset Class |
58,120,175 |
30
Schedule H, line 4i Schedule of Assets (Held at End of Year) (continued)
Identity of Issue |
Description of Investment |
Current Value | ||||||||
Inflation Protection Asset Class: |
||||||||||
Vanguard Inflation Protected Fund |
Mutual Fund 1,354,322 units | 37,528,268 | ||||||||
Northern Trust Global Investments Collective Daily Tips Index Fund Non Lending* |
Common Collective Trust 18,139 units | 2,385,874 | ||||||||
|
|
|||||||||
Total Inflation Protection Asset Class |
39,914,142 | |||||||||
International Growth Asset Class: |
||||||||||
GE Investments International Equity Fund |
Mutual Fund 8,647,534 units | 81,546,245 | ||||||||
Artisan International Fund |
Common Collective Trust 2,321,830 units | 30,532,066 | ||||||||
Northern Trust Global Investments Collective Daily EAFE Index Fund* |
Common Collective Trust 49,302 units | 9,190,641 | ||||||||
Cash and cash equivalents |
Cash and cash equivalents | 11,686 | ||||||||
Northern Trust Global Investments Collective Daily Short Term Investment Fund* |
Common Collective Trust 96 units | 96 | ||||||||
|
|
|||||||||
Total International Growth Asset Class |
121,280,734 | |||||||||
International Value Asset Class: |
||||||||||
Dodge & Cox International Fund |
Mutual Fund 5,265,883 units | 153,974,432 | ||||||||
Northern Trust Global Investments Collective Daily EAFE Index Fund* |
Common Collective Trust 62,716 units | 11,691,206 | ||||||||
Cash and cash equivalents |
Cash and cash equivalents | 42,364 | ||||||||
|
|
|||||||||
Total International Value Asset Class |
165,708,002 | |||||||||
Large Cap Growth Asset Class: |
||||||||||
Northern Trust Global Investments Collective Daily Russell 1000 Growth Index Fund Non Lending* |
Common Collective Trust 124,272 units | 20,001,119 | ||||||||
Apple Inc. |
Common Stock 38,440 shares | 15,568,198 | ||||||||
Google Inc. Class A |
Common Stock 18,920 shares | 12,220,428 | ||||||||
Visa Inc. Class A |
Common Stock 104,280 shares | 10,587,549 | ||||||||
Qualcomm Inc. |
Common Stock 167,700 shares | 9,173,190 | ||||||||
Amazon.com Inc. |
Common Stock 49,730 shares | 8,608,263 | ||||||||
Allergan Inc. |
Common Stock 64,060 shares | 5,620,624 | ||||||||
Schlumberger Limited |
Common Stock 78,310 shares | 5,349,356 | ||||||||
Alexion Pharmaceuticals Inc. |
Common Stock 24,580 shares | 5,332,470 | ||||||||
Salesforce.com Inc. |
Common Stock 51,630 shares | 5,238,380 | ||||||||
F5 Networks Inc. |
Common Stock 44,530 shares | 4,725,523 | ||||||||
Northern Trust Global Investments Collective Daily Short Term Investment Fund* |
Common Collective Trust 4,652,195 units | 4,652,195 | ||||||||
Nike Inc. Class B |
Common Stock 54,800 shares | 4,577,575 | ||||||||
Starbucks Corporation |
Common Stock 97,430 shares | 4,482,754 | ||||||||
priceline.com Inc. |
Common Stock 9,330 shares | 4,363,734 | ||||||||
Coach Inc. |
Common Stock 69,580 shares | 4,247,163 | ||||||||
Oracle Corporation |
Common Stock 153,460 shares | 3,936,249 | ||||||||
Intuitive Surgical, Inc. |
Common Stock 8,120 shares | 3,759,641 | ||||||||
National Oilwell Varco |
Common Stock 54,800 shares | 3,725,852 | ||||||||
IntercontinentalExchange, Inc. |
Common Stock 30,420 shares | 3,667,131 | ||||||||
Praxair Inc. |
Common Stock 33,280 shares | 3,557,632 | ||||||||
Precision Castparts Corporation |
Common Stock 21,100 shares | 3,477,069 | ||||||||
Las Vegas Sands Corporation |
Common Stock 81,160 shares | 3,467,967 | ||||||||
FMC Technologies Inc. |
Common Stock 56,000 shares | 2,924,880 | ||||||||
W.W. Grainger Inc. |
Common Stock 15,000 shares | 2,807,850 | ||||||||
Coca-Cola Company |
Common Stock 39,610 shares | 2,771,512 | ||||||||
American Tower Corporation Class A |
Common Stock 45,130 shares | 2,708,251 | ||||||||
Costco Wholesale Corporation |
Common Stock 31,910 shares | 2,658,742 | ||||||||
ASML Holding |
Common Stock 60,000 shares | 2,507,400 | ||||||||
EMC Corporation |
Common Stock 111,560 shares | 2,403,002 | ||||||||
American Express Company |
Common Stock 50,840 shares | 2,398,123 | ||||||||
Ametek Inc. |
Common Stock 29,170 shares | 2,380,545 | ||||||||
Anadarko Petroleum Corporation |
Common Stock 16,050 shares | 2,226,547 | ||||||||
Estee Lauder Companies Inc. Class A |
Common Stock 19,810 shares | 2,225,059 | ||||||||
Joy Global Inc. |
Common Stock 28,680 shares | 2,150,140 | ||||||||
Baker Hughes Inc. |
Common Stock 43,820 shares | 2,131,405 | ||||||||
Whole Foods Market Inc. |
Common Stock 30,390 shares | 2,114,536 | ||||||||
Expeditors International of Washington Inc. |
Common Stock 50,920 shares | 2,085,683 | ||||||||
Illumina, Inc. |
Common Stock 62,000 shares | 1,889,760 | ||||||||
Biogen Idec Inc. |
Common Stock 16,830 shares | 1,852,142 | ||||||||
Accenture PLC |
Common Stock 34,570 shares | 1,840,162 | ||||||||
Monster Beverage Corporation |
Common Stock 19,960 shares | 1,839,114 | ||||||||
Cognizant Technology Solutions Corporation Class A |
Common Stock 27,770 shares | 1,785,888 |
31
Schedule H, line 4i Schedule of Assets (Held at End of Year) (continued)
Identity of Issue |
Description of Investment |
Current Value | ||||||
Limited Brands |
Common Stock 43,560 shares | 1,757,646 | ||||||
Southwestern Energy |
Common Stock 54,000 shares | 1,724,760 | ||||||
Halliburton Company |
Common Stock 47,810 shares | 1,649,923 | ||||||
Charles Schwab Corporation |
Common Stock 145,000 shares | 1,632,700 | ||||||
CSX Corporation |
Common Stock 76,400 shares | 1,608,984 | ||||||
Avago Technologies Limited |
Common Stock 55,260 shares | 1,594,804 | ||||||
Citrix Systems, Inc. |
Common Stock 26,210 shares | 1,591,471 | ||||||
Johnson & Johnson |
Common Stock 24,150 shares | 1,583,757 | ||||||
Wal-Mart Stores Inc. |
Common Stock 25,500 shares | 1,523,880 | ||||||
Noble Energy Inc. |
Common Stock 15,770 shares | 1,488,530 | ||||||
C H Robinson Worldwide Inc. |
Common Stock 21,000 shares | 1,465,380 | ||||||
Nordstrom Inc. |
Common Stock 27,880 shares | 1,385,915 | ||||||
Discover Financial Services |
Common Stock 54,810 shares | 1,315,440 | ||||||
Stryker Corporation |
Common Stock 26,400 shares | 1,312,344 | ||||||
T Rowe Price Group Inc. |
Common Stock 22,720 shares | 1,293,904 | ||||||
Plains Exploration & Production Company |
Common Stock 34,700 shares | 1,274,184 | ||||||
Ecolab, Inc. |
Common Stock 21,500 shares | 1,242,915 | ||||||
Baxter International Inc. |
Common Stock 24,280 shares | 1,201,374 | ||||||
Shire PLC |
Common Stock 11,020 shares | 1,144,978 | ||||||
Freeport-McMoran Copper & Gold Inc. |
Common Stock 30,868 shares | 1,135,634 | ||||||
Agilent Technologies Inc. |
Common Stock 32,460 shares | 1,133,828 | ||||||
TJX Companies Inc. |
Common Stock 17,400 shares | 1,123,170 | ||||||
Mastercard, Inc. Class A |
Common Stock 3,000 shares | 1,118,460 | ||||||
Sherwin-Williams Company |
Common Stock 12,470 shares | 1,113,197 | ||||||
Marathon Oil Corporation |
Common Stock 37,950 shares | 1,110,797 | ||||||
Chipotle Mexican Grill Inc. |
Common Stock 3,280 shares | 1,107,787 | ||||||
Covidien PLC |
Common Stock 24,520 shares | 1,103,645 | ||||||
Skyworks Solutions Inc. |
Common Stock 67,030 shares | 1,087,227 | ||||||
ebay Inc. |
Common Stock 35,480 shares | 1,076,108 | ||||||
CBS Corporation Class B |
Common Stock 39,640 shares | 1,075,830 | ||||||
Chevron Corporation |
Common Stock 10,000 shares | 1,064,000 | ||||||
Baidu, Inc. |
Common Stock 9,100 shares | 1,059,877 | ||||||
The Mosaic Company |
Common Stock 20,770 shares | 1,047,431 | ||||||
Dentsply International,Inc. |
Common Stock 29,640 shares | 1,037,104 | ||||||
CF Industries Holdings, Inc. |
Common Stock 7,080 shares | 1,026,458 | ||||||
Tiffany & Company |
Common Stock 15,240 shares | 1,009,802 | ||||||
Perrigo Company |
Common Stock 10,300 shares | 1,002,190 | ||||||
Occidental Petroleum Corporation |
Common Stock 10,690 shares | 1,001,653 | ||||||
Cardinal Health Inc. |
Common Stock 24,500 shares | 994,945 | ||||||
Cerner Corporation |
Common Stock 16,140 shares | 988,575 | ||||||
Bed Bath & Beyond Inc. |
Common Stock 17,050 shares | 988,389 | ||||||
VMware Inc. |
Common Stock 11,820 shares | 983,306 | ||||||
AmerisourceBergen Corporation |
Common Stock 26,380 shares | 981,072 | ||||||
Stericycle, Inc. |
Common Stock 12,510 shares | 974,779 | ||||||
Tempur-Pedic International, Inc. |
Common Stock 18,450 shares | 969,179 | ||||||
Check Point Software Technologies |
Common Stock 18,290 shares | 960,957 | ||||||
Parker-Hannifin Corporation |
Common Stock 12,590 shares | 959,988 | ||||||
Red Hat Inc. |
Common Stock 23,050 shares | 951,735 | ||||||
Church & Dwight Inc. |
Common Stock 20,580 shares | 941,741 | ||||||
Monsanto Company |
Common Stock 13,320 shares | 933,332 | ||||||
Teradata Corporation |
Common Stock 19,170 shares | 929,937 | ||||||
Norfolk Southern Corporation |
Common Stock 12,720 shares | 926,779 | ||||||
Nvidia Corporation |
Common Stock 66,820 shares | 926,125 | ||||||
Wynn Resorts Limited |
Common Stock 8,370 shares | 924,801 | ||||||
Valeant Pharmaceuticals International Inc. |
Common Stock 19,180 shares | 895,514 | ||||||
ENSCO PLC |
Common Stock 18,940 shares | 888,665 | ||||||
Regeneron Pharmaceuticals, Inc. |
Common Stock 16,000 shares | 886,880 | ||||||
Chicago Bridge & Iron Company |
Common Stock 23,460 shares | 886,788 | ||||||
Eaton Corporation |
Common Stock 20,240 shares | 881,047 | ||||||
Intuit Inc. |
Common Stock 16,280 shares | 856,165 | ||||||
Lululemon Athletica Inc. |
Common Stock 18,330 shares | 855,278 | ||||||
JP Morgan Chase & Company |
Common Stock 25,710 shares | 854,858 | ||||||
Broadcom Corporation Class A |
Common Stock 29,070 shares | 853,495 | ||||||
Dicks Sporting Goods, Inc. |
Common Stock 23,100 shares | 851,928 | ||||||
Netflix Inc. |
Common Stock 12,000 shares | 831,480 |
32
Schedule H, line 4i Schedule of Assets (Held at End of Year) (continued)
Identity of Issue |
Description of Investment |
Current Value | ||||||||
Abercrombie & Fitch Company |
Common Stock 16,820 shares | 821,489 | ||||||||
Potash Corporation of Saskatchewan, Inc. |
Common Stock 19,350 shares | 798,768 | ||||||||
CME Group, Inc. |
Common Stock 3,250 shares | 791,928 | &nb |