2014 U.S. Plan 11-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 11-K
(Mark One)
 
ý
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2014
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, 2014 and 2013

Contents
 
 
 
 
 
Audited Financial Statements:
 
 
 
 
 
Supplemental Schedules:
 
 
 


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, 2014 and 2013, 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 Plan’s 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 Plan’s 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 Plan’s 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, 2014 and 2013, and the changes in its net assets available for benefits for the years then ended, in conformity with U.S. generally accepted accounting principles.
The accompanying supplemental schedule of assets (held at end of year) and schedule of loans or fixed income obligations in default or classified as uncollectible as of December 31, 2014, and schedule of assets (acquired and disposed of within year) for the year then ended, have been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The information in the supplemental schedules is the responsibility of the Plan’s management. Our audit procedures included determining whether the information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedules. In forming our opinion on the information, we evaluated whether such information, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the information is fairly stated, in all material respects, in relation to the financial statements as a whole.
/s/ ERNST & YOUNG LLP
Los Angeles, California
June 15, 2015


1

Amgen Retirement and Savings Plan
Statements of Net Assets Available for Benefits
 

 
 
December 31
 
 
2014
 
2013
Assets
 
 
 
 
Investments at fair value
 
$
4,195,077,057

 
$
3,884,239,811

Notes receivable from participants
 
39,160,420

 
43,082,571

Other, including due from broker
 
4,968,103

 
6,416,714

Total assets
 
4,239,205,580

 
3,933,739,096

Liabilities
 
 
 
 
Other, including due to broker
 
8,653,815

 
5,217,083

Total liabilities
 
8,653,815

 
5,217,083

Net assets reflecting investments at fair value
 
4,230,551,765

 
3,928,522,013

Adjustment from fair value to contract value for interests in fully benefit-responsive investment contracts
 
(3,402,352
)
 
(1,891,753
)
Net assets available for benefits
 
$
4,227,149,413

 
$
3,926,630,260

See accompanying notes.


2

Amgen Retirement and Savings Plan
Statements of Changes in Net Assets Available for Benefits


 
 
Year Ended December 31
 
 
2014
 
2013
Additions to (deductions from) net assets:
 
 
 
 
Employer contributions
 
$
170,868,925

 
$
159,024,379

Participant contributions
 
149,332,516

 
138,170,411

Rollover contributions
 
27,474,246

 
14,298,798

Interest and dividend income
 
45,071,566

 
40,042,545

Net realized/unrealized gains
 
294,177,163

 
680,294,916

Interest income on notes receivable from participants
 
1,735,158

 
1,780,035

Benefits paid
 
(378,615,295
)
 
(223,992,574
)
Investment and administrative fees
 
(9,525,126
)
 
(8,206,499
)
Net increase
 
300,519,153

 
801,412,011

Net assets available for benefits at beginning of year
 
3,926,630,260

 
3,125,218,249

Net assets available for benefits at end of year
 
$
4,227,149,413

 
$
3,926,630,260

See accompanying notes.


3

Amgen Retirement and Savings Plan
Notes to Financial Statements
December 31, 2014
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 Plan’s provisions.
General
The Plan was established effective April 1, 1985 and was most recently amended and restated effective January 1, 2015. 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 participant’s 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 $17,500 in 2014 and 2013. Participant after-tax contributions are subject to IRS and Plan limitations and could not exceed a maximum of $8,500 in 2014 and $8,000 in 2013. 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 2014 and 2013. 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 participant’s eligible compensation (Core Contributions) up to a maximum of $13,000 in 2014 and $12,750 in 2013. 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) up to a maximum of $13,000 in 2014 and $12,750 in 2013.
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 employer’s 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 participant’s 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.
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 participant’s account is credited with: (a) the participant’s contributions, (b) an allocation of Company Contributions and (c) earnings. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s account.

5

Amgen Retirement and Savings Plan
Notes to Financial Statements (continued)

1. Description of the Plan (continued)
Plan Investments
Participants can invest in any of 16 different asset classes (14 asset classes prior to July 1, 2013) 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 invest in various types of assets, including publicly traded common and preferred stocks, fixed income securities, collective trust funds and investment contracts. 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 entire 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 over 10 years, or (e) a rollover distribution to an eligible retirement plan. Effective January 1, 2015, a participant may also elect to receive a partial distribution of his or her account balance no more than once per year.
If a participant dies before receiving the value of his or her account balance, the participant’s beneficiary may elect to receive the distribution of remaining funds from among the alternatives described above, subject to certain Plan limitations.
 
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.
Amgen Stock Dividends
Participants that invest in Amgen stock may elect to receive distributions of cash with respect to dividends the Company pays on Amgen stock or reinvest such dividends to acquire additional shares of Amgen stock.

6

Amgen Retirement and Savings Plan
Notes to Financial Statements (continued)

1. Description of the Plan (continued)
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 participant’s 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 participant’s 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 which, until changed by the Company, are 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 participant’s 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.
Trustees
Bank of America, N.A. and The Northern Trust Company are the Plan’s co-trustees.

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).

7

Amgen Retirement and Savings Plan
Notes to Financial Statements (continued)


2. Summary of Significant Accounting Policies (continued)
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, 2014 and 2013, the Plan had three security-backed contracts which are fully benefit-responsive investment contracts, including wrapper contracts and an insurance separate account contract. These contracts are backed by the Plan’s ownership interests in collective trust funds that invest in fixed income securities and the separate accounts of the insurance company that issued the contract which are comprised of fixed income securities. As of December 31, 2014, the issuers of the security-backed contracts all had minimum credit ratings of A- or equivalent by Standard & Poor’s, Moody’s Investor Services, Inc. and A.M. Best Company. The issuers of the Plan’s 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%.


8

Amgen Retirement and Savings Plan
Notes to Financial Statements (continued)


2. Summary of Significant Accounting Policies (continued)
Fully Benefit-Responsive Investment Contracts (continued)
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 issuer’s interest under the contract. Such events may include, but are not limited to: (i) material amendments to the Plan’s 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 Plan’s ability to transact at contract value with participants, is probable.
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 were 1.5% as of both December 31, 2014 and 2013, 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, 2014 and 2013, respectively. The yields earned by the Plan with an adjustment to reflect the actual interest rates credited to participants were 1.6% and 1.5% as of December 31, 2014 and 2013, respectively, which represents the annualized earnings credited to participants divided by the fair value of all security-backed contracts as of December 31, 2014 and 2013, respectively.

9

Amgen Retirement and Savings Plan
Notes to Financial Statements (continued)

2. Summary of Significant Accounting Policies (continued)
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. Amounts due from brokers and due to brokers arise from unsettled sale and purchase transactions as of December 31, 2014 and 2013.
Use of Estimates
The preparation of financial statements in conformity with U.S. generally accepted accounting principles (GAAP) 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.
Recent Accounting Pronouncements
In May 2015, a new accounting standard was issued that will remove certain disclosure requirements, including categorization within the fair value hierarchy, for investments that are measured at fair value using the net asset value per share provided by the fund manager as a practical expedient, such as the Plan's investments in collective trust funds. This new standard will be effective beginning in 2016, and it is required to be adopted retrospectively, with early adoption permitted. Adoption of this new standard is not expected to have a material impact on the Plan's financial statements.


10

Amgen Retirement and Savings Plan
Notes to Financial Statements (continued)

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 Plan’s investments measured at fair value:
 
 
Fair value measurements at December 31, 2014 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
 
$
309,990,445

 
$
—

 
$
—

 
$
309,990,445

Cash and cash equivalents
 
48,323,389

 
—

 
—

 
48,323,389

Common and preferred stocks:
 
 
 
 
 
 
 

High yield fixed income
 
13,812

 
—

 
—

 
13,812

Large cap growth
 
376,870,527

 
—

 
—

 
376,870,527

Large cap value
 
244,935,716

 
—

 
—

 
244,935,716

Small-mid cap growth
 
60,992,614

 
—

 
—

 
60,992,614

Small-mid cap value
 
336,072,443

 
2,071,763

 
—

 
338,144,206

Other
 
223,631,561

 
—

 
—

 
223,631,561

Debt securities:
 
 
 
 
 
 
 

U.S. Treasury securities
 
36,890,567

 
—

 
—

 
36,890,567

U.S. government agency securities
 
—

 
48,342,791

 
—

 
48,342,791

Corporate debt securities
 
—

 
73,790,605

 
—

 
73,790,605

Mortgage and asset backed securities
 
—

 
21,297,259

 
—

 
21,297,259

Mutual funds:
 
 
 
 
 
 
 

Emerging markets equity
 
26,709,070

 
—

 
—

 
26,709,070

High yield fixed income
 
52,612,129

 
—

 
—

 
52,612,129

International growth
 
67,874,025

 
—

 
—

 
67,874,025

International value
 
108,099,713

 
—

 
—

 
108,099,713

Real estate investment trust index
 
113,604,394

 
—

 
—

 
113,604,394

Other
 
41,161,010

 
—

 
—

 
41,161,010

Collective trust funds:
 
 
 
 
 
 
 

Capital preservation
 
—

 
256,562,249

 
—

 
256,562,249

Emerging markets equity
 
—

 
61,099,957

 
—

 
61,099,957

Fixed income
 
—

 
154,695,944

 
—

 
154,695,944

Fixed income index
 
—

 
46,307,977

 
—

 
46,307,977

Inflation indexed debt
 
—

 
61,060,010

 
—

 
61,060,010

International growth
 
—

 
77,524,708

 
—

 
77,524,708

International index
 
—

 
85,554,926

 
—

 
85,554,926

International value
 
—

 
119,277,650

 
—

 
119,277,650

Large cap growth
 
—

 
28,845,053

 
—

 
28,845,053

Large cap index
 
—

 
689,607,489

 
—

 
689,607,489

Large cap value
 
—

 
10,539,014

 
—

 
10,539,014

Short term investments
 
—

 
69,176,407

 
—

 
69,176,407

Small-mid cap growth
 
—

 
3,277,903

 
—

 
3,277,903

Small-mid cap index
 
—

 
248,253,418

 
—

 
248,253,418

Small-mid cap value
 
—

 
33,044,822

 
—

 
33,044,822

Insurance separate account investment contract
 
—

 
56,619,659

 
—

 
56,619,659

Other
 
724

 
345,314

 
—

 
346,038

 
 
$
2,047,782,139

 
$
2,147,294,918

 
$
—

 
$
4,195,077,057

 

12

Amgen Retirement and Savings Plan
Notes to Financial Statements (continued)

3. Fair Value Measurements (continued)
 
 
Fair value measurements at December 31, 2013 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
 
$
235,164,976

 
$
—

 
$
—

 
$
235,164,976

Cash and cash equivalents
 
35,752,823

 
—

 
—

 
35,752,823

Common and preferred stocks:
 
 
 
 
 
 
 

Large cap growth
 
365,454,861

 
—

 
—

 
365,454,861

Large cap value
 
183,804,249

 
—

 
—

 
183,804,249

Small-mid cap growth
 
64,832,135

 
—

 
—

 
64,832,135

Small-mid cap value
 
331,561,439

 
—

 
—

 
331,561,439

Other
 
198,175,723

 
—

 
—

 
198,175,723

Debt securities:
 
 
 
 
 
 
 

U.S. Treasury securities
 
22,441,702

 
—

 
—

 
22,441,702

U.S. government agency securities
 
—

 
39,432,230

 
—

 
39,432,230

Corporate debt securities
 
—

 
56,742,593

 
—

 
56,742,593

Mortgage and asset backed securities
 
—

 
21,959,027

 
—

 
21,959,027

Mutual funds:
 
 
 
 
 
 
 

Emerging markets equity
 
29,590,116

 
—

 
—

 
29,590,116

Fixed income
 
—

 
100,711,349

 
—

 
100,711,349

High yield debt
 
40,069,890

 
—

 
—

 
40,069,890

International growth
 
83,050,138

 
—

 
—

 
83,050,138

International value
 
135,879,636

 
—

 
—

 
135,879,636

Real estate investment trust index
 
83,398,699

 
—

 
—

 
83,398,699

Other
 
38,516,522

 
—

 
—

 
38,516,522

Collective trust funds:
 
 
 
 
 
 
 

Capital preservation
 
—

 
258,521,672

 
—

 
258,521,672

Emerging markets equity
 
—

 
66,232,369

 
—

 
66,232,369

Fixed income
 
—

 
16,644,981

 
—

 
16,644,981

Fixed income index
 
—

 
78,879,233

 
—

 
78,879,233

Inflation indexed debt
 
—

 
52,264,331

 
—

 
52,264,331

International growth
 
—

 
96,415,410

 
—

 
96,415,410

International index
 
—

 
32,206,905

 
—

 
32,206,905

International value
 
—

 
102,702,666

 
—

 
102,702,666

Large cap growth
 
—

 
28,976,044

 
—

 
28,976,044

Large cap index
 
—

 
661,941,029

 
—

 
661,941,029

Large cap value
 
—

 
10,217,037

 
—

 
10,217,037

Short term investments
 
—

 
65,789,976

 
—

 
65,789,976

Small-mid cap growth
 
—

 
6,067,659

 
—

 
6,067,659

Small-mid cap index
 
—

 
264,853,839

 
—

 
264,853,839

Small-mid cap value
 
—

 
20,664,470

 
—

 
20,664,470

Insurance separate account investment contract
 
—

 
55,077,818

 
—

 
55,077,818

Other
 
28,060

 
218,204

 
—

 
246,264

 
 
$
1,847,720,969

 
$
2,036,518,842

 
$
—

 
$
3,884,239,811


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, publicly traded 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.
The fair values of mutual funds that are not publicly traded are determined by reference to the net asset value per unit provided by the fund managers based on the fair values of the funds' underlying assets, which are invested in fixed income securities.
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 Plan’s 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 $68,511,071 at December 31, 2014) which requires a one-year notice to be given in the event of complete liquidation.
The fair value of the insurance separate account investment contract was determined by reference to the fair values of securities in the separate accounts underlying the contract.


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 Plan’s net assets as of December 31, 2014 and 2013, were as follows:
 
 
 
December 31
 
 
2014
 
2013
Northern Trust Collective S&P 500 Index Fund – Non Lending - Collective trust fund
 
$
689,607,489

 
$
661,941,029

Amgen stock
 
309,990,445

 
235,164,976

Northern Trust Collective Extended Equity Market Index Fund - Non Lending - Collective trust fund
 
248,253,418

 
264,853,839

 
During the years ended December 31, 2014 and 2013, net realized and unrealized gains/(losses) on the Plan’s investments were as follows:
 
 
 
Year Ended December 31
 
 
2014
 
2013
Amgen stock
 
$
90,488,684

 
$
59,102,899

Common and preferred stocks
 
72,161,597

 
300,185,251

Debt securities
 
909,696

 
(10,693,199
)
Mutual funds
 
14,599,393

 
45,547,605

Collective trust funds
 
115,979,639

 
285,585,545

Other
 
38,154

 
566,815

 
 
$
294,177,163

 
$
680,294,916


5. Income Tax Status
The Plan received a determination letter from the IRS dated September 18, 2013, 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. 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.

15

Amgen Retirement and Savings Plan
Notes to Financial Statements (continued)

5. Income Tax Status (continued)
GAAP requires 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, 2014, 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 Plan’s 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 2011.
 
6. Services Provided by the Company
During 2014 and 2013, the Company paid trustee fees and certain other administrative costs on behalf of the Plan.

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, 2014 and 2013, consisted of the following:
 
 
 
December 31
 
 
2014
 
2013
Net assets available for benefits per the financial statements
 
$
4,227,149,413

 
$
3,926,630,260

Adjustment from fair value to contract value for fully benefit-responsive investment contracts
 
3,402,352

 
1,891,753

Amounts allocated to withdrawing participants
 
(3,534,073
)
 
(250,785
)
Deemed loans
 
(396,949
)
 
(466,682
)
Net assets per the Form 5500
 
$
4,226,620,743

 
$
3,927,804,546

For the year ended December 31, 2014, the following is a reconciliation of the net investment income per the financial statements to the Form 5500:
 
 
 
Year Ended
December 31
2014
Interest and dividend income
 
$
45,071,566

Net realized/unrealized gains
 
294,177,163

Total net investment income per the financial statements
 
339,248,729

Adjustment from fair value to contract value for fully benefit-responsive investment contracts:
 
 
Less prior year adjustment
 
(1,891,753
)
Add current year adjustment
 
3,402,352

Total net investment income per the Form 5500
 
$
340,759,328


16

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, 2014, the following is a reconciliation of distributions per the financial statements to the Form 5500:
 
 
 
Year Ended
December 31
2014
Benefits paid
 
$
(378,615,295
)
Investment and administrative fees
 
(9,525,126
)
Total distributions per the financial statements
 
(388,140,421
)
Add prior year amounts allocated to withdrawing participants
 
250,785

Less current year amounts allocated to withdrawing participants
 
(3,534,073
)
Add prior year deemed loan balance
 
466,682

Less current year deemed loan balance
 
(396,949
)
Total distributions per the Form 5500
 
$
(391,353,976
)

17

Supplemental Schedule
Amgen Retirement and Savings Plan
EIN: 95-3540776 Plan: #001
December 31, 2014

Schedule H, line 4i – Schedule of Assets (Held at End of Year)
 
Identity of Issue
 
Description of Investment
 
Current Value
 
 
 
 
 
 
 
Amgen stock*

Employer Securities 1,946,076 shares


$
309,990,445









Capital Preservation Asset Class:






 
Wells Fargo Fixed Income Fund D*
 
Collective Trust Fund 7,431,718 units
 
$
95,608,307

 
 
Wells Fargo Fixed Income Fund F*
 
Collective Trust Fund 5,723,723 units
 
77,330,353

 
 
Wells Fargo Stable Return Fund G*
 
Collective Trust Fund 1,307,319 units
 
68,511,071

 
 
Metropolitan Life Insurance Company*
 
Insurance separate account investment contract 54,718,210 units
 
56,619,659

 
 
NT Collective Short Term Investment Fund*
 
Collective Trust Fund 19,404,782 units
 
19,404,782

 
 
Wells Fargo Fixed Income Fund L*
 
Collective Trust Fund 1,269,960 units
 
15,112,518

 
 
Transamerica Premier Life Insurance Company*
 
Wrapper Contract
 
119,436

 
 
Metropolitan Life Insurance Company*

Insurance separate account investment contract

15,444

 
 
American General Life Insurance Company*
 
Wrapper Contract
 
—

 
Total Capital Preservation Asset Class





332,721,570









Emerging Markets Equity Asset Class:







JP Morgan Emerging Markets Equity Focus Fund*

 Collective Trust Fund 1,649,956 units

28,412,246



Blackrock FTSE RAFI Emerging Index Non Lendable Fund F*

 Collective Trust Fund 2,723,341 units

27,449,094


 
Artisan Emerging Markets/Ins
 
 Mutual Fund 2,246,347 shares
 
26,709,070

 
 
NT Collective Emerging Markets Fund - Non Lending*
 
 Collective Trust Fund 35,113 units
 
5,238,617

 
Total Emerging Markets Equity Asset Class





87,809,027









Fixed Income Asset Class:







NT Collective Aggregate Bond Index Fund - Non Lending*

Collective Trust Fund 1,175,680 units

154,695,944



United States Treasury SEC Stripped Interest Payment Due 02/15/2021

Government Bond 5,755,000 units

5,104,239



NT Collective Short Term Investment Fund*

Collective Trust Fund 3,804,907 units

3,804,907



United States Treasury SEC Stripped Interest Payment Due 05/15/2018

Government Bond 3,125,000 units

2,991,425



United States Treasury SEC Stripped Interest Payment Due 05/15/2023

Government Bond 3,460,000 units

2,872,938



United States Treasury Bonds Inflation Index 5.500% Due 8/15/2028

Government Bond 2,000,000 units

2,730,624



United States Treasury SEC Stripped Interest Payment Due 11/15/2022

Government Bond 2,500,000 units

2,110,070



Fannie Mae Pool #466430 3.37% Due 11/01/2020

Government Mortgage Backed Security 1,368,106 units

1,516,257



United States Treasury SEC Stripped Interest Payment Due 02/15/2023

Government Bond 1,745,000 units

1,458,799



United States Treasury SEC Stripped Interest Payment Due 05/15/2021

Government Bond 1,630,000 units

1,433,019



United States Treasury SEC Stripped Interest Payment 0% Due 08/15/2021

Government Bond 1,505,000 units

1,316,178



United States Treasury SEC Stripped Interest Payment Due 11/15/2021

Government Bond 1,475,000 units

1,280,043



United States Treasury SEC Stripped Interest Payment 00517 Due 02/15/2029

Government Bond 1,820,000 units

1,261,739



United States Treasury SEC Stripped Interest Payment Due 02/15/2020

Government Bond 1,370,000 units

1,252,258



United States Treasury Notes .375% Due 5/31/2016

Government Bond 1,250,000 units

1,249,219



United States Treasury SEC Stripped Interest Payment Due 05/15/2022

Government Bond 1,365,000 units

1,167,300



United States Treasury SEC Stripped Interest Payment Due 08/15/2020

Government Bond 1,250,000 units

1,124,856



Fannie Mae Remic Trust 2010-142 Variable Rate Due 12/25/2040

Government Mortgage Backed Security 1,000,000 units

1,101,779



Fannie Mae Pool #466430 3.37% Due 11/01/2020

Government Mortgage Backed Security 1,000,000 units

1,060,505



Fannie Mae Pool #465769 3.96% Due 08/01/2020

Government Mortgage Backed Security 967,742 units

1,053,914



United States Treasury Notes 3% Due 02/28/17

Government Bond 990,000 units

1,037,489



Fannie Mae Pool #AV5051 4.50% Due 02/01/2044

Government Mortgage Backed Security 915,617 units

1,013,935



United States Treasury SEC Stripped Interest Payment Due 11/15/2028

Government Bond 1,250,000 units

873,761



Fannie Mae Pool #AT5915 4% Due 06/01/2043

Government Mortgage Backed Security 707,890 units

763,198



United States Treasury SEC Stripped Interest Payment Due 02/15/2026

Government Bond 1,000,000 units

761,826



United States Treasury Notes 1.375% Due 12/31/2018

Government Bond 750,000 units

747,071



18
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value

Fannie Mae Pool #AM2674 2.61% Due 03/01/2023

Government Mortgage Backed Security 745,000 units

746,451



United States Treasury SEC Stripped Interest Payment Due 02/15/2027

Government Bond 1,000,000 units

736,858



United States Treasury SEC Stripped Interest Payment Due 11/15/2027

Government Bond 1,000,000 units

721,040



Fannie Mae Pool #MA0214 5% Due 10/01/2029

Government Mortgage Backed Security 648,777 units

718,898



Federal Home Loan Mortgage Corporation Multiclass Series 3677 4.5% Due 05/15/2040

Government Mortgage Backed Security 645,000 units

699,005



Fannie Mae Pool #AM2501 1.77% Due 02/01/2020

Government Mortgage Backed Security 703,871 units

698,720



Federal Home Loan Mortgage Corporation Pool #K037 3.49% Due 01/25/2024

Government Mortgage Backed Security 650,000 units

691,646



Federal Home Loan Mortgage Corporation Gold Pool U9-0291 4% Due 10/01/2042

Government Mortgage Backed Security 633,368 units

682,469



Fannie Mae Pool #MA1462 3.5% Due 06/01/2043

Government Mortgage Backed Security 649,100 units

678,580



United States Treasury 0% Due 02/15/2030

Government Bond 1,000,000 units

671,737



Ginnie Mae 5.5% Due 06/20/2035

Government Mortgage Backed Security 594,080 units

652,924



DT Auto Owner Trust 7% Due 04/16/2018

Asset Backed Security 643,000 units

642,611



Federal Home Loan Mortgage Corporation Multiclass Series 2334 Class KB 6.5% Due 05/15/2028

Government Mortgage Backed Security 565,847 units

635,078



Ginnie Mae Pool #783867 6.00% Due 8/15/2036

Government Mortgage Backed Security 548,856 units

634,747



United States Treasury SEC Stripped Interest Payment 6.5% Due 11/15/26

Government Bond 850,000 units

631,875



Federal Home Loan Mortgage Corporation Multiclass Series 7307 3% Due 8/15/2044

Government Mortgage Backed Security 612,520 units

631,866



Fannie Mae Pool #Am1762 2.39% Due 12/01/2022

Government Mortgage Backed Security 630,000 units

628,070



Fannie Mae Pool #AQ1534 3.5% Due 10/01/2032

Government Mortgage Backed Security 590,484 units

622,281



Structured Asset Mortgage Investments II Inc. Series 2004-AR1 Class A1 Floating Rate Due 3/19/2034

Collateralized Mortgage Obligation 627,581 units

614,106



United States Treasury Notes 1% Due 06/30/2019

Government Bond 625,000 units

609,912



Fannie Mae Pool #AB7575 3.00% Due 01/01/2043

Government Mortgage Backed Security 566,004 units

573,590



Federal Home Loan Mortgage Corporation Multiclass Series 4324 Class AY 3% Due 04/15/2029

Government Mortgage Backed Security 568,738 units

573,503



Federal Home Loan Mortgage Corporation Gold Pool U89009 3.5% Due 09/01/2032

Government Mortgage Backed Security 539,598 units

567,175



Ginnie Mae 2007-035 6% Due 06/20/2037

Government Mortgage Backed Security 500,000 units

558,892



Fannie Mae Pool #AM2711 2.57% Due 03/01/2023

Government Mortgage Backed Security 545,000 units

547,848



Fannie Mae Pool #AR6380 3.00% Due 02/01/2043

Government Mortgage Backed Security 539,858 units

546,896



Fannie Mae Pool #AM1990 2.33% Due 01/01/2023

Government Mortgage Backed Security 550,000 units

545,055



Fannie Mae Pool #AQ1607 3.5% Due 11/01/2032

Government Mortgage Backed Security 510,507 units

537,945



Federal Home Loan Mortgage Corporation Pool #Al2293 4.374% Due 06/01/2021

Government Mortgage Backed Security 478,901 units

534,513



Federal Home Loan Mortgage Corporation Series 2899 4% Due 12/15/2019

Government Mortgage Backed Security 500,000 units

527,322



Ginnie Mae 5.25% Due 03/20/2038

Government Mortgage Backed Security 482,000 units

524,623



Fannie Mae Pool #468559 4.01% Due 08/01/2021

Government Mortgage Backed Security 475,474 units

522,054



Federal National Mortgage Association Pool #Al2965 2.667% Due 12/01/2022

Government Mortgage Backed Security 512,280 units

520,604



Fannie Mae Pool #AR7961 3.5% Due 03/01/2033

Government Mortgage Backed Security 491,143 units

517,540



United States Treasury SEC Stripped Interest Payment Due 05/15/2020

Government Bond 570,000 units

516,837



Ginnie Mae 5% Due 03/16/2034

Government Mortgage Backed Security 460,000 units

515,312



Federal National Mortgage Association Pool #Al0561 3.738% Due 06/01/2018

Government Mortgage Backed Security 474,813 units

505,230



Federal Home Loan Mortgage Corporation Multiclass Series 3895 4.5% Due 07/15/2041

Government Mortgage Backed Security 450,000 units

500,143



Fannie Mae Pool #AM3307 2.85% Due 05/01/2023

Government Mortgage Backed Security 482,474 units

493,593



United States Treasury SEC Stripped Interest Payment Due 05/15/2022

Government Bond 570,000 units

490,881



Federal Home Loan Mortgage Corporation Pool #S0/6297 3.5% Due 09/15/2042

Government Mortgage Backed Security 476,627 units

488,472



Fannie Mae Pool #MA1373 3.50% Due 03/01/2043

Government Mortgage Backed Security 452,009 units

471,862



Ginnie Mae 6% Due 11/16/2032

Government Mortgage Backed Security 407,160 units

462,501



Federal Home Loan Mortgage Corporation Multiclass Series 3662 5% Due 04/15/2040

Government Mortgage Backed Security 420,000 units

462,495



Fannie Mae Pool #471834 1.4% Due 07/01/2017

Government Mortgage Backed Security 455,000 units

455,810



Ginnie Mae Pool 2013-H05 Remic Pass-Through Class FB Floating Rate 02/20/2062

Government Mortgage Backed Security 454,542 units

454,886



Federal Home Loan Mortgage Corporation Pool #G0-7239 3.00% Due 12/01/2042

Government Mortgage Backed Security 442,661 units

448,088



Fannie Mae 3.726% Due 06/25/2021

Government Mortgage Backed Security 410,000 units

442,127



Fannie Mae Pool #AM3301 2.35% Due 05/01/2023

Government Mortgage Backed Security 446,162 units

441,857



Fannie Mae Remic Series 2003-W2 5.9% Due 07/25/2042

Government Mortgage Backed Security 391,949 units

440,693



Fannie Mae Pool #467025 3.38% Due 01/01/2018

Government Mortgage Backed Security 410,000 units

431,703



Fannie Mae Series 2013-M7 Class A2 2.28% Due 12/25/2022

Government Mortgage Backed Security 441,000 units

431,003



19
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value

Fannie Mae 1.80057001114% Due 12/25/2019

Government Mortgage Backed Security 425,000 units

424,051



Fannie Mae Series 2002-86 6% Due 09/25/2032

Government Mortgage Backed Security 380,878 units

421,606



Fannie Mae Pool #465973 3.59% Due 10/01/2020

Government Mortgage Backed Security 392,859 units

420,838



Federal Home Loan Mortgage Corporation Multiclass Series 4168 Class JA 3.5% Due 02/15/2043

Government Mortgage Backed Security 400,603 units

416,173



Fannie Mae Pool #AM5473 3.76% Due 03/01/2024

Government Mortgage Backed Security 385,000 units

416,119



Fannie Mae Series 2012-M8 1.52042% Due 04/25/2018

Government Mortgage Backed Security 414,141 units

414,409



United States Treasury Bonds 8.125% Due 02/15/2021

Government Bond 300,000 units

412,734



Fannie Mae Pool #MA1866 4.50% Due 04/01/2044

Government Mortgage Backed Security 372,236 units

412,476



Federal Home Loan Mortgage Corporation Multiclass Series 2901 4.5% Due 12/15/2019

Government Mortgage Backed Security 380,000 units

411,404



Fannie Mae Remic Series 416 Class A300 3% Due 11/25/2042

Government Mortgage Backed Security 408,423 units

406,758



National Credit Union Association Guaranteed Trust 2010-R3 Due 12/06/2020

Government Mortgage Backed Security 397,904 units

401,696



Fannie Mae Series 2009-W1 6% Due 12/25/2049

Government Mortgage Backed Security 359,871 units

399,573



Fannie Mae Pool #467059 3.81% Due 01/01/2019

Government Mortgage Backed Security 362,682 units

387,700



Fannie Mae Variable Rate Due 07/25/2024

Government Mortgage Backed Security 373,000 units

385,076



Fannie Mae Pool #MA1510 4.00% Due 07/01/2043

Government Mortgage Backed Security 352,180 units

379,918



Fannie Mae Series 2011-M2 3.645% Due 07/25/2021

Government Mortgage Backed Security 355,000 units

378,179



Fannie Mae Pool #AM5079 3.45% Due 01/01/2024

Government Mortgage Backed Security 355,000 units

376,866



Fannie Mae Pool #MA2010 4.00% Due 08/01/2044

Government Mortgage Backed Security 347,300 units

374,687



Fannie Mae Pool #468564 4.06% Due 07/01/2021

Government Mortgage Backed Security 340,000 units

373,756



Federal Home Loan Mortgage Corporation Multiclass Series 323 Class 300 Due 01/15/2044

Government Mortgage Backed Security 360,008 units

365,714



Home Loan Servicing Solutions Limited Advance Receivables Trust Series 2013-T2 1.147% Due 05/16/2044

Asset Backed Security 365,000 units

364,635



Fannie Mae Remic Series 2004-T1 6% Due 01/25/2044

Government Mortgage Backed Security 320,051 units

362,751



Fannie Mae Pool #AM4764 3.44% Due 11/01/2023

Government Mortgage Backed Security 339,591 units

360,229



Fannie Mae Remic Trust 2004-W12 6.5% Due 07/25/2044

Government Mortgage Backed Security 307,421 units

353,425



Fannie Mae Remic Trust 2007-93 4.50% Due 09/25/2037

Government Mortgage Backed Security 319,725 units

351,272



Federal Home Loan Mortgage Corporation Tranche 00839 2.615% Due 01/25/2023

Government Mortgage Backed Security 345,000 units

345,103



Fannie Mae Remic Trust 2001-81 6.5% Due 01/25/2032

Government Mortgage Backed Security 302,825 units

343,437



Fannie Mae Pool #MA1900 4.50% Due 04/01/2044

Government Mortgage Backed Security 305,392 units

338,496



JP Morgan Chase Commercial Mortgage Securities Trust 2006-A4 Due 05/12/2045*

Commercial Mortgage Backed Security 320,085 units

334,435



Fannie Mae Pool #MA1900 4.50% Due 05/01/2039

Government Mortgage Backed Security 300,804 units

333,356



Federal Home Loan Mortgage Corporation Series 2595 5% Due 04/15/2023

Government Mortgage Backed Security 309,700 units

331,533



Fannie Mae Series 2013-96 3.5% Due 09/25/2038

Government Mortgage Backed Security 316,871 units

330,920



Federal Home Loan Mortgage Corporation Multiclass Series 3415 Class TF Due 08/15/2035

Government Mortgage Backed Security 322,175 units

326,901



United States Treasury SEC Stripped Interest Payment Due 05/15/2031

Government Bond 470,000 units

304,163



Fannie Mae Preassign 00653 5.5% Due 03/25/2023

Government Mortgage Backed Security 273,056 units

297,653



VNDO Mortgage Trust 2012-6 2.9950% Due 11/15/2030

Commercial Mortgage Backed Security 295,237 units

295,527



Banc America Commercial Mortgage Inc. 2006-3 Due 07/10/2044*

Commercial Mortgage Backed Security 279,994 units

294,692



Macmo Master Asset Securitization Trust 5.5% Due 12/25/2033

Collateralized Mortgage Obligation 277,665 units

294,470



Wachovia Bank National Association 6% Due 11/15/2017*

Corporate Bond 260,000 units

291,437



Fannie Mae Remic Series 2014-M1 Class A Floating Rate Due 07/25/2023

Government Mortgage Backed Security 275,000 units

288,019



Federal Home Loan Mortgage Corporation Multiclass Series 2980 6% Due 05/15/2035

Government Mortgage Backed Security 248,027 units

274,671



Fannie Mae Pool #466049 2.49% Due 10/01/2017

Government Mortgage Backed Security 266,900 units

273,984



NorthStar LLC Series 2013-1 Class A Floating Rate Due 08/25/2029

Commercial Mortgage Backed Security 273,266 units

273,271



United States Treasury Bonds 4.24% Due 05/15/2039

Government Bond 210,000 units

269,932



Federal Home Loan Mortgage Corporation Multiclass Series 2072 6.5% Due 07/15/2028

Government Mortgage Backed Security 243,020 units

269,835



United States Treasury Bonds 4.5% Due 02/15/2036

Government Bond 200,000 units

266,766



Trafigura Securitizations Finance PLC Floating Rate Due 10/15/2021

Asset Backed Security 266,000 units

266,105



Fannie Mae Preassign 00166 6.5% Due 08/25/2036

Government Mortgage Backed Security 233,821 units

265,537



Federal Home Loan Mortgage Corporation Series 3507 5% Due 03/15/2036

Government Mortgage Backed Security 248,948 units

263,210



JP Morgan Chase Commercial Mortgage-Backed Securities Corporation Series 2006-Ldp6 Variable Rate Due 04/15/2043*

Commercial Mortgage Backed Security 250,000 units

261,380



UBS Commercial Mortgage Trust 2012-C1 Variable Rate Due 05/10/2045

Commercial Mortgage Backed Security 250,000 units

261,347



UBS AG Stamford Branch 3.875% Due 01/15/2015

Corporate Bond 260,000 units

260,275



20
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value

GS Mortgage Securities Corporation Trust 2011-GC5 Due 08/10/2044

Commercial Mortgage Backed Security 245,000 units

258,336



Toyota Motor Credit Corporation 2% Due 09/15/2016

Corporate Bond 250,000 units

254,533



Fannie Mae Remic Series 2013-6 Class GI 09/25/2032

Government Mortgage Backed Security 2,100,563 units

253,861



Federal Home Loan Mortgage Corporation Multiclass Series 3087 5.5% Due 12/15/2025

Government Mortgage Backed Security 226,253 units

249,326



Stadshypotek AB (publ) 1.875% Due 10/02/2019

Corporate Bond 250,000 units

246,933



Fannie Mae Remic Series 2008-75 4.5% Due 09/25/2023

Government Mortgage Backed Security 233,483 units

244,210



Fannie Mae Tranche 00743 3.5% Due 10/25/2037

Government Mortgage Backed Security 234,062 units

243,933



Federal Home Loan Mortgage Corporation Multiclass Series 3005 5% Due 07/15/2025

Government Mortgage Backed Security 222,380 units

242,867



Fannie Mae Pool #890231 5% Due 07/01/2025

Government Mortgage Backed Security 221,122 units

240,129



Ginnie Mae 0% Due 12/20/2040

Government Mortgage Backed Security 282,250 units

240,004



Merrill Lynch Mortgage Investors, Inc. Series 2003-5 Class-A1 Due 10/25/2028*

Collateralized Mortgage Obligation 240,466 units

238,789



CPS Auto 1.54% Due 07/16/2018

Asset Backed Security 238,263 units

238,470



Citigroup/Deutsche Bank Commercial 2005-CD1 Variable Rate Due 07/15/2044

Commercial Mortgage Backed Security 230,000 units

236,115



UBS Commercial Mortgage 2007 C7 Variable Rate Mortgage Pass Thru Class A/3 09/15/2045

Commercial Mortgage Backed Security 214,194 units

235,325



Wachovia Corporation 5.75% Due 02/01/2018*

Corporate Bond 210,000 units

235,154



Oracle Corporation 3.625% Due 07/15/2023

Corporate Bond 224,000 units

234,911



Residential Accredit Loans, Inc. Pass-Through Trust Series 2004-QS7 5.5% Due 05/25/2034

Collateralized Mortgage Obligation 226,976 units

232,407



Ginnie Mae 2004-30 5.5% Due 02/20/2034

Government Mortgage Backed Security 216,713 units

232,190



Wachovia Bank Commercial Mortgage Pass-Through Due 07/15/2045*

Commercial Mortgage Backed Security 221,678 units

232,181



Fannie Mae Pool #Ap0645 3.5% Due 07/01/2032

Government Mortgage Backed Security 220,096 units

231,921



Anadarko Petroleum Corporation 6.45% Due 09/15/2036

Corporate Bond 190,000 units

228,322



Nordea Bank 1.625% Due 05/15/2018

Corporate Bond 225,000 units

222,860



Banc America Commercial Mortgage Inc. 2005-3 Pass-Through 4.727% Due 07/10/2043*

Commercial Mortgage Backed Security 220,000 units

222,774



HSBC Bank PLC 4.75% Due 01/19/2021

Corporate Bond 200,000 units

222,648



General Electric Capital Corporation 2.25% Due 11/19/2015

Corporate Bond 219,000 units

222,005



Ginnie Mae Pool 2012-84 Class LI I-O 4% Due 05/16/2042

Government Mortgage Backed Security 1,388,577 units

220,046



Fannie Mae Series 417 Class C11 2.5% Due 2/25/2028

Government Mortgage Backed Security 2,179,216 units

216,902



UBS-Bank of America Merrill Lynch Trust Series 2012-Wrm 3.663% Due 06/10/2030*

Commercial Mortgage Backed Security 211,000 units

216,433



AT&T Inc. 3.875% Due 08/15/2021

Corporate Bond 205,000 units

214,493



The Goldman Sachs Group, Inc. 5.375% Due 03/15/2020

Corporate Bond 190,000 units

212,932



JP Morgan Mortgage Trust Series 2004-A3 Due 07/25/2034*

Collateralized Mortgage Obligation 214,522 units

212,546



Federal Home Loan Mortgage Corporation Series 3852 Floating Rate Due 05/15/2041

Government Mortgage Backed Security 200,270 units

209,204



Fannie Mae 1.43% Due 03/25/2037

Government Mortgage Backed Security 1,246,840 units

206,621



UBS-Barclays Commercial Mortgage Trust 2012-C2 3.52500009537% Due 05/10/2063

Commercial Mortgage Backed Security 197,600 units

206,315



Fannie Mae 2006-114 5.5% Due 10/25/2035

Government Mortgage Backed Security 196,045 units

203,126



Ford Credit Auto Owner .82% Due 12/15/2017

Asset Backed Security 201,000 units

201,240



First Horizon Mortgage Pass-Through Trust Series 2004-AR6 4.75% Due 12/25/34

Collateralized Mortgage Obligation 200,963 units

201,148



United States Treasury Notes 4% Due 08/15/2018

Government Bond 180,000 units

197,395



Sequoia Mortgage Trust 2004-1 Floating Rate Due 11/20/2034

Collateralized Mortgage Obligation 205,335 units

196,212



Federal Home Loan Mortgage Corporation Series 3542 Class N 0% Due 07/15/2036

Government Mortgage Backed Security 210,869 units

195,975



Morgan Stanley Trust 2012-IO Remic Pass-Through 1% Due 03/27/2051

Collateralized Mortgage Obligation 196,212 units

195,966


 
Homestar Mortgage Acceptance Corporation Series 2004-4 Class A3 Floating Rate Due 09/25/2034
 
Collateralized Mortgage Obligation 190,622 units
 
189,098

 

Chase Mortgage Financial Trust Series 2007-A1 Pass-Through Due 02/25/2037

Collateralized Mortgage Obligation 186,444 units

186,327



HLSS Servicer Advance Receivables Series 2013-T1 Class A2T1 1.4953% Due 01/16/2046

Asset Backed Security 186,000 units

185,851



Springleaf Mortgage Loan Trust 2013-2 Class M-/1 Variable Rate Due 12/25/2065

Collateralized Mortgage Obligation 181,000 units

184,664



Nissan Auto 1.11% Due 05/15/2019

Asset Backed Security 182,000 units

181,548



WFRBS Commercial Mortgage Trust Variable Rate Due 03/15/2045

Commercial Mortgage Backed Security 190,000 units

181,169



Merrill Lynch Mortgage Investors, Inc. Series 2004-B Class 1 Due 05/25/2029*

Collateralized Mortgage Obligation 189,290 units

180,492



Springleaf Mortgage Loan Trust 2013-2 Class M-2 Variable Rate 12/25/2065

Collateralized Mortgage Obligation 175,000 units

180,159



UBS Commercial Mortgage Income Only Trust 2012-C1 2.561868% Due 05/10/2045

Commercial Mortgage Backed Security 1,504,173 units

176,163



HSBC Holdings PLC 4% Due 03/30/2022

Corporate Bond 163,000 units

173,480



21
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value

Morgan Stanley 5.75% Due 01/25/2021

Corporate Bond 150,000 units

172,193



Federal Home Loan Mortgage Corporation Multiclass Series 3211 6% Due 12/15/2035

Government Mortgage Backed Security 159,978 units

169,753



Federal Home Loan Mortgage Corporation Multiclass Series 4030 Income Only 3.50% Due 04/15/2027

Government Mortgage Backed Security 1,493,749 units

169,579



Fannie Mae Pool #735070 6.5% Due 10/01/2024

Government Mortgage Backed Security 148,590 units

169,217



Wells Fargo & Company 4.48% Due 01/16/2024*

Corporate Bond 158,000 units

168,460



Bank of America Corporation 4.125% Due 01/22/2024*

Corporate Bond 160,000 units

168,025



CPS Auto Receivables Trust 2013-C Class A 1.64% Due 04/16/2018

Asset Backed Security 166,723 units

166,871



Conoco Inc. 6.95% Due 04/15/2029

Corporate Bond 125,000 units

166,523



Master Adjustable Rate Mortgages Trust 2004-8 Due 08/25/2034

Collateralized Mortgage Obligation 165,897 units

164,106



Springleaf Mortgage Loan Trust 2013-1A Class A 1.27% Due 06/25/2058

Collateralized Mortgage Obligation 162,689 units

162,131



Royal Bank of Canada 1.2% Due 09/19/2017

Corporate Bond 163,000 units

162,069



Bayview Commercial Asset Trust Variable Rate Due 11/25/2035

Commercial Mortgage Backed Security 178,111 units

161,533



Cox Communications, Inc. 3.85% Due 02/01/2025

Corporate Bond 160,000 units

161,507



Cobalt CMBS Commercial Mortgage Trust 2006-C1 Pass-Through 5.186% Due 08/01/48

Commercial Mortgage Backed Security 152,993 units

161,223



Trafigura Securitisation Finance PLC Due 10/15/2015

Asset Backed Security 160,000 units

160,661



Carfinance Cap Auto Trust 2014-2 Class B 2.64% Due 11/16/2020

Asset Backed Security 160,000 units

160,252



General Electric Capital Corporation 5.5% Due 01/08/2020

Corporate Bond 140,000 units

160,241



Fannie Mae Pool #254762 5% Due 05/01/2023

Government Mortgage Backed Security 144,923 units

160,000



United States Treasury Notes 3.25% Due 12/31/2016

Government Bond 150,000 units

157,559



Spectra Energy Capital 5.65% Due 03/01/2020

Corporate Bond 141,000 units

156,645



A10 Securitization 2013-1 LLC

Commercial Mortgage Backed Security 155,842 units

156,271



Structured Asset Securities Corporation 2003-26A Pass-Through Due 09/25/2033

Collateralized Mortgage Obligation 156,524 units

156,035



CWMBS, Inc. 5.25% Due 05/25/2034

Collateralized Mortgage Obligation 150,527 units

155,786



Fannie Mae Pool #576557 6.5% Due 06/01/2019

Government Mortgage Backed Security 133,900 units

152,489



Barrick North America Finance LLC 4.4% Due 05/30/2021

Corporate Bond 150,000 units

151,463



Fannie Mae Pool #256601 6% Due 02/01/2027

Government Mortgage Backed Security 132,148 units

149,879



Morgan Stanley Capital I Trust 2011-C3 4.054% Due 07/15/2049

Commercial Mortgage Backed Security 141,000 units

149,798



PRICOA Global Funding 1.6% Due 05/29/2018

Corporate Bond 150,000 units

147,941



Fannie Mae Remic Series 2013-13 Class IK 03/25/2028

Government Mortgage Backed Security 1,490,699 units

145,471



Flagship Credit Corporation

Asset Backed Security 143,804 units

143,923



Merrill Lynch & Co., Inc. 6.875% Due 04/25/2018*

Corporate Bond 125,000 units

143,573



Federal Home Loan Mortgage Corporation Multiclass Series 3852 Floating Rate Due 05/15/2041

Government Mortgage Backed Security 137,123 units

142,153



Time Warner Inc. 4.75% Due 03/29/2021

Corporate Bond 130,000 units

141,879



Keycorp 5.1% Due 03/24/2021

Corporate Bond 125,000 units

141,075



Niagara Mohawk Power Corporation 3.508% Due 10/01/2024

Corporate Bond 136,000 units

140,063



Illinois State Taxable Pension 5.1% Due 06/01/2033

Municipal/Provincial Bond 140,000 units

139,702



Citigroup Inc. 8.5% Due 05/22/2019

Corporate Bond 110,000 units

137,067



American Credit Acceptance Receivables Series 2014-2 Class B 2.26% Due 03/10/2020

Asset Backed Security 136,000 units

135,869



Banc of America Funding Corporation Series 2005-E Class 4-A-1 Due 03/20/2035*

Collateralized Mortgage Obligation 134,766 units

134,701



Comcast Corporation 6.5% Due 01/15/2017

Corporate Bond 120,000 units

132,505



Bank of Montreal 2.55% Due 11/06/2022

Corporate Bond 135,000 units

132,416



Structured Asset Securities Corporation Series 2004-6XS Due 03/25/2034

Asset Backed Security 127,827 units

131,179



Fannie Mae Tranche .447% Due 01/25/2017

Government Mortgage Backed Security 131,062 units

131,128



Fannie Mae Remic Trust 2007-W1 Variable Rate Due 11/25/2046

Government Mortgage Backed Security 130,353 units

130,695



AmeriCredit Automobile Receivables Trust 2013-3 Class A 10/10/2017

Asset Backed Security 130,183 units

130,203



Transcanada 3.75% Due 10/16/2023

Corporate Bond 130,000 units

130,150



United States Treasury Bonds 6.375% Due 08/15/27

Government Bond 90,000 units

130,015



Verizon Communications Inc. 4.4% Due 11/01/2034

Corporate Bond 130,000 units

129,218



Federal Home Loan Mortgage Corporation Multiclass Series 12-K708 Floating Rate Due 01/25/2019

Government Mortgage Backed Security 2,405,054 units

129,113



Thornburg Mortgage Securities Trust 2004-3 Pass-Through Floating Rate Due 11/30/2044

Collateralized Mortgage Obligation 131,422 units

127,420



MetLife Global 2.5% Due 09/29/2015*

Corporate Bond 125,000 units

126,792



Credit Agricole SA 8.375% Floating Rate Due 08/15/2029

Corporate Bond 110,000 units

126,775



Sequoia Mortgage Trust 2004-1, 2004-8 Variable Rate Due 09/20/2034

Collateralized Mortgage Obligation 130,753 units

126,333



BP Capital Markets plc 3.814% Due 02/10/2024

Corporate Bond 125,000 units

125,811



22
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value

Flagship Credit Auto Trust 2013-2 Class A 1.94% Due 01/15/19

Asset Backed Security 124,784 units

125,581



Berkshire Hathaway Inc. 3.4% Due 01/31/2022

Corporate Bond 120,000 units

124,947



PHH Mortgage Trust Series 6% Due 07/25/2038

Collateralized Mortgage Obligation 117,183 units

123,779



Kraft Foods Group, Inc. 5.375% Due 02/10/2020

Corporate Bond 109,000 units

123,706



Springleaf Mortgage Loan Trust Series 2012-2 Variable Rate Due 10/25/2057

Collateralized Mortgage Obligation 122,011 units

123,647



Apple Inc. 2.4% Due 05/03/2023

Corporate Bond 126,000 units

122,472



Residential Accredit Loans, Inc. Pass-Through Trust Series 2003-QS7 4.75% Due 04/25/2033

Collateralized Mortgage Obligation 121,227 units

122,187



Nabors Industries Limited 4.625% Due 09/15/2021

Corporate Bond 130,000 units

122,140



Ameriprise Financial, Inc. 4% Due 10/15/2023

Corporate Bond 115,000 units

121,815



Hydro-Quebec Series 8.4% Due 01/15/2022

Municipal/Provincial Bond 90,000 units

121,090



International Business Machines Corporation 7.625% Due 10/15/2018

Corporate Bond 100,000 units

120,563



Morgan Stanley Dean Witter Capital I Trust 2003-HYB1 Variable Rate Due 02/25/2033

Collateralized Mortgage Obligation 129,475 units

120,517



Washington Mutual Mortgage Pass-Through 2.67% Due 08/25/2033

Collateralized Mortgage Obligation 119,811 units

120,329



Mondelez International, Inc. 4% Due 02/01/2024

Corporate Bond 115,000 units

120,321



Ontario Province Canada 4% Due 10/07/2019

Municipal/Provincial Bond 110,000 units

120,304



Wells Fargo Mortgage Backed Securities Variable Rate Due 09/25/2034*

Collateralized Mortgage Obligation 119,284 units

119,907



Fannie Mae Stripped Mortgage-Backed Securities Trust 410 Class 29 4% Due 05/25/2027

Government Mortgage Backed Security 1,051,407 units

119,818



Mercedes-Benz Auto Series 2013-1 Class A 3.78% Due 08/15/2017

Asset Backed Security 119,000 units

119,168



The Goldman Sachs Group, Inc. 7.5% Due 02/15/2019

Corporate Bond 100,000 units

118,946



EOG Resources, Inc. 2.625% Due 03/15/2023

Corporate Bond 124,000 units

118,905



Morgan Stanley 7.3% Due 05/13/2019

Corporate Bond 100,000 units

118,615



General Electric Capital Corporation 5.625% Due 05/01/2018

Corporate Bond 105,000 units

118,149



British Telecommunications PLC Step-up Due 12/15/2030

Corporate Bond 75,000 units

117,754



Ryder System, Inc. Trust 00208 3.5% Due 06/01/2017

Corporate Bond 113,000 units

117,684



Capital One Financial Corporation 3.75% Due 04/24/2024

Corporate Bond 115,000 units

117,484



General Electric Capital Corporation 6% Due 08/07/2019

Corporate Bond 100,000 units

116,317



Washington Mutual Mortgage 5.5% Due 04/25/2033

Collateralized Mortgage Obligation 112,026 units

115,964



Wells Fargo Mortgage Backed Securities 2004-EE Trust Variable Rate Due 12/25/2034*

Collateralized Mortgage Obligation 113,987 units

115,946



Fannie Mae Pool #256556 6% Due 01/01/2027

Government Mortgage Backed Security 101,985 units

115,519



Citigroup Commercial Mortgage Trust Series 2005-C3 Due 05/15/2043

Commercial Mortgage Backed Security 115,000 units

115,313



Comcast Corporation 5.7% Due 07/01/2019

Corporate Bond 100,000 units

114,808



Banc America Mortgage Securities Inc. Series 2003-3 5.5% Due 05/25/2033*

Collateralized Mortgage Obligation 111,216 units

114,626



Morgan Stanley 6.625% Due 04/01/2018

Corporate Bond 100,000 units

113,904



Master Alternative Loan Trust 2004-3 6.25% Due 04/25/2034

Collateralized Mortgage Obligation 107,400 units

113,550



Credit Suisse First Boston Securities Corporation Series 2006-C1 Floating Rate Due 02/15/2039

Commercial Mortgage Backed Security 110,000 units

113,170



JP Morgan Mortgage Trust 2006-A2 3.75% Due 04/25/2036*

Collateralized Mortgage Obligation 112,203 units

112,436



Praxair, Inc. 1.25% Due 11/07/2018

Corporate Bond 115,000 units

112,344



Amerada Hess Corporation 7.3% Due 08/15/2031

Corporate Bond 90,000 units

111,816



Peco Energy Company 2.375% Due 09/15/2022

Corporate Bond 115,000 units

111,801



World Omni Auto Receivables Trust Series 2012-A 1.0% Due 02/15/2017

Asset Backed Security 111,450 units

111,494



Nordea Bank 4.875% Due 01/27/2020

Corporate Bond 100,000 units

111,333



General Electric Capital Corporation 5.625% Due 09/15/2017

Corporate Bond 100,000 units

111,005



Principal Life Global 2.25% Due 10/15/2018

Corporate Bond 110,000 units

110,803



Lincoln National Corporation 6.25% Due 02/15/2020

Corporate Bond 95,000 units

110,228



Intuit Inc. 5.75% Due 03/15/2017

Corporate Bond 100,000 units

109,901



Norfolk Southern Corporation 2.903% Due 02/15/2023

Corporate Bond 111,000 units

109,725



Cisco Systems, Inc. 3.625% Due 03/04/2024

Corporate Bond 105,000 units

109,416



Ohio State University General Receipts 4.8% Due 06/01/2111

Municipal/Provincial Bond 100,000 units

108,853



Rio Tinto Financial USA 9% Due 05/01/2019

Corporate Bond 85,000 units

107,539



Ginnie Mae 2007-024 Remic Pass-Through Floating Rate Due 05/20/2037

Government Mortgage Backed Security 715,251 units

106,271



Toronto Dominion Bank 2.2% Due 07/29/2015

Corporate Bond 105,000 units

106,022



DBUBS Mortgage Trust Pass-Through Income Only Series 2011-Lc2 Class X-A 144A Due 07/10/2044

Commercial Mortgage Backed Security 2,221,428 units

105,769



Exeter Automobile 1.29% Due 05/15/2018

Asset Backed Security 105,166 units

105,252



Port Authority NY & NJ 5.647% Due 11/01/2040

Municipal/Provincial Bond 85,000 units

105,005



Daimler Financial North America LLC 2.25% Due 07/31/2019

Corporate Bond 105,000 units

104,678



23
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value

Directv Holdings LLC 4.45% Due 04/01/2024

Corporate Bond 100,000 units

104,630



JP Morgan Mortgage Trust Series 2004-S1 5.5% Due 09/25/2034*

Collateralized Mortgage Obligation 101,086 units

104,500



EMC Corporation 2.65% Due 06/01/2020

Corporate Bond 105,000 units

104,495



HRPT Properties Trust 6.65% Due 01/15/2018

Corporate Bond 95,000 units

104,387



Master Alternative Loan Trust 2004-1 5.5% Pass-Through

Collateralized Mortgage Obligation 100,824 units

103,777



Devon Energy Corporation 7.95% Due 04/15/2032

Corporate Bond 75,000 units

103,384



AIG Sun America Global Financing 6.9% Due 03/15/2032

Corporate Bond 75,000 units

103,270



Canadian Pacific Railway Limited 7.125% Due 10/15/2031

Corporate Bond 75,000 units

103,148



National Australia Bank Limited 3% Due 07/27/2016

Corporate Bond 100,000 units

103,109



Schlumberger Oilfield UK PLC 4.2% Due 01/15/2021

Corporate Bond 95,000 units

103,073



Massmutual Global Funding 3.125% Due 04/14/16

Corporate Bond 100,000 units

102,983



Rabobank Netherlands Variable Rate Due 12/29/2049

Corporate Bond 80,000 units

102,960



FirstEnergy Corporation 7.375% Due 11/15/2031

Corporate Bond 85,000 units

102,881



The Goldman Sachs Group, Inc. 6.45% Due 05/01/2036

Corporate Bond 85,000 units

102,740



Union Pacific Corporation 3.25% Due 01/15/2025

Corporate Bond 100,000 units

102,672



Wyeth 5.95% Due 04/01/2037

Corporate Bond 80,000 units

102,613



Simon Property Group, Inc. 6.125% Due 05/30/2018

Corporate Bond 90,000 units

102,428



Morgan Stanley 5.5% Due 07/28/2021

Corporate Bond 90,000 units

102,139



HSBC Finance Corporation 5% Due 06/30/2015

Corporate Bond 100,000 units

102,018


 
Morgan Stanley 3.45% Due 02/11/2015
 
Corporate Bond 100,000 units
 
101,951

 

International Business Machines Corporation 1.95% Due 07/22/2016

Corporate Bond 100,000 units

101,882



Kroger Company 3.4% Due 04/15/2022

Corporate Bond 100,000 units

101,802



Total Capital 2.3% Due 03/15/2016

Corporate Bond 100,000 units

101,786



Fannie Mae Remic Trust 2010-49 Variable Rate Due 03/25/2040

Government Mortgage Backed Security 88,449 units

101,764



CVS Caremark Corporation 4% Due 12/05/2023

Corporate Bond 96,000 units

101,594



Macquarie Bank Limited 5% Due 02/22/2017

Corporate Bond 95,000 units

101,327



Freeport-McMoran 2.15% Due 03/01/2017

Corporate Bond 101,000 units

101,166



Ontario Province Canada 2.7% Due 06/16/2015

Municipal/Provincial Bond 100,000 units

101,056



Bank of Nova Scotia 1.65% Due 10/29/2015

Corporate Bond 100,000 units

100,868



Michigan Indiana Power Company 7% Due 03/15/2019

Corporate Bond 85,000 units

100,449



MetLife Global 3.875% Due 04/11/2022*

Corporate Bond 95,000 units

100,425



OneMain Financial Issuance Trust 2014-2 Class A 2.47% Due 09/18/2024

Asset Backed Security 100,000 units

100,392



Citigroup Inc. 6.125% Due 11/21/2017

Corporate Bond 90,000 units

100,358



Barclays Bank 2.75% Due 02/23/2015

Corporate Bond 100,000 units

100,275



Verizon Maryland Inc. 5.125% Due 06/15/2033

Corporate Bond 95,000 units

100,235



Bank of America Corporation 5.65% Due 05/01/2018*

Corporate Bond 90,000 units

99,988



Citigroup Mortgage Loan Trust 2008-AR4 Remic Pass-Through Due 11/25/2038

Collateralized Mortgage Obligation 99,701 units

99,919



Telefonica 5.134% Due 04/27/2020

Corporate Bond 90,000 units

99,631



American Honda Finance Corporation Bond 1.6% Due 02/16/2018

Corporate Bond 100,000 units

99,513



Fannie Mae Pool #889213 5.5% Due 10/01/2020

Government Mortgage Backed Security 92,258 units

99,367



Bank of America Corporation 3.3% Due 01/11/2023*

Corporate Bond 99,000 units

99,008



Pfizer Inc. 6.2% Due 03/15/2019

Corporate Bond 85,000 units

98,888



Wells Fargo Resecure Trust 2012-IO Class A 1.75% Due 08/22/2017*

Commercial Mortgage Backed Security 98,256 units

98,225



Centex Home Equity Series 2004-D 4.68% Due 06/25/2032

Asset Backed Security 95,571 units

98,127



Massmutual Global Funding 2.5% Due 10/17/2022

Corporate Bond 100,000 units

97,340



Morgan Stanley Mortgage Loan Trust 2004-2AR Due 09/25/2034

Collateralized Mortgage Obligation 96,600 units

96,630



Sempra Energy Company 9.8% Due 02/15/2019

Corporate Bond 75,000 units

96,307



General Electric Capital Corporation 2.1% Due 12/11/2019

Corporate Bond 96,000 units

95,838



National Semiconductor 6.6% Due 06/15/2017

Corporate Bond 85,000 units

95,641



Pacific Gas & Electric Company 6.05% Due 03/01/2034

Corporate Bond 75,000 units

95,483



HSBC Holdings PLC 4.875% Due 01/14/2022

Corporate Bond 85,000 units

94,745



Fannie Mae Remic Trust 2005-87 5% Due 12/25/2033

Government Mortgage Backed Security 93,709 units

94,722



Diageo Capital PLC 4.828% Due 07/15/2020

Corporate Bond 85,000 units

94,710



Shell International Finance BV 4.375% Due 03/25/2020

Corporate Bond 85,000 units

93,142



Wells Fargo Mortgage Backed Securities 2004-K Due 07/25/2034*

Collateralized Mortgage Obligation 92,750 units

93,125



Banc America Commercial Mortgage Inc. 2005-6 5.195% Due 09/10/2047*

Commercial Mortgage Backed Security 91,054 units

92,932



Citigroup Mortgage Loan Trust Series 2010-8 4.5% Due 12/25/2036

Collateralized Mortgage Obligation 90,328 units

92,615



American Express Company 7% Due 03/19/2018

Corporate Bond 80,000 units

92,556



24
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value

Boeing Company 6% Due 03/15/2019

Corporate Bond 80,000 units

92,328



Teva 3.65% Due 11/10/2021

Corporate Bond 90,000 units

92,225



Time Warner Cable Inc. 6.75% Due 07/01/2018

Corporate Bond 80,000 units

91,750



Bank of New York Company, Inc. 3.65% Due 02/04/2024

Corporate Bond 87,000 units

90,983



Ally Auto 0.85% Due 08/15/2016

Asset Backed Security 90,208 units

90,296



Ontario Province Canada 0.95% Due 05/26/2015

Municipal/Provincial Bond 90,000 units

90,223



Ginnie Mae Remic Series 2008-40 Floating Rate Due 05/16/2038

Government Mortgage Backed Security 494,445 units

90,132



Bayview Commercial Asset Trust Variable Rate Due 01/25/2036

Commercial Mortgage Backed Security 102,368 units

89,960



Deutsche Telekom International 5.75% Due 03/23/2016

Corporate Bond 85,000 units

89,760



Time Warner Cable Inc. 7.3% Due 07/1/2038

Corporate Bond 65,000 units
 
89,626

 

PNC FDG Corporation 6.7% Due 06/10/2019

Corporate Bond 75,000 units

88,802



U.S. Bancorp Tranche Trust 00175 3.7% Due 01/30/2024

Corporate Bond 84,000 units

88,302



GS Mortgage Securities Corporation 2004-6F 5.5% Due 05/25/3034

Collateralized Mortgage Obligation 85,442 units

87,999



Oncor Electric Delivery Company 6.8% Due 09/1/2018

Corporate Bond 75,000 units

87,422



Exeter Automobile Receivables Trust 2013-1 Class A 0% Due 10/16/2017

Asset Backed Security 86,964 units

87,118



United Technologies Corporation 6.125% Due 02/01/2019

Corporate Bond 75,000 units

87,077



Apache Corporation 6% Due 01/15/2037

Corporate Bond 80,000 units

87,056



Halliburton Company 3.5% Due 08/01/2023

Corporate Bond 86,000 units

86,782



Time Warner Cable Inc. 8.75% Due 02/14/2019

Corporate Bond 70,000 units

86,650



Fannie Mae 0% Due 12/01/2024

Government Mortgage Backed Security 90,717 units

86,505



Verizon Communications Inc. 4.15% Due 03/15/2024

Corporate Bond 83,000 units

85,924



CenterPoint Energy 6.5% Due 05/01/2018

Corporate Bond 75,000 units

85,737



Magellan Midstream Partners LP 5.15% Due 10/15/2043

Corporate Bond 80,000 units

84,808



GMAC Commercial Mortgage Securities Series 2006-C1 5.238% Due 11/10/2045

Commercial Mortgage Backed Security 83,278 units

84,752



GlaxoSmithKline 5.65% Due 05/15/2018

Corporate Bond 75,000 units

84,489



GS Mortgage Securities Corporation 2005-RP2 Variable Rate Due 03/25/2035

Collateralized Mortgage Obligation 96,369 units

84,240



Citigroup Inc. 4.5% Due 01/14/2022

Corporate Bond 77,000 units

84,142



Blackrock Inc. 6.25% Due 09/15/2017*

Corporate Bond 75,000 units

84,021



Petro-Canada 7.875% Due 06/15/2026

Corporate Bond 65,000 units

84,015



The PNC Financial Services Group, Inc. 2.84% Due 11/09/2022

Corporate Bond 85,000 units

83,590



Baker Hughes Inc. 7.5% Due 11/15/2018

Corporate Bond 70,000 units

83,555



MidAmerican Energy 5.3% Due 03/15/2018

Corporate Bond 75,000 units

83,476



Verizon Communications Inc. 6.55% Due 09/15/2043

Corporate Bond 65,000 units

83,275



BB&T Corporation 5.2% Due 12/23/2012

Corporate Bond 80,000 units

83,191



Americredit .9% Due 01/08/2019

Asset Backed Security 83,000 units

82,803



Capital One Financial Corporation 4.75% Due 07/15/2021

Corporate Bond 75,000 units

82,660



United States Treasury Bonds Inflation Index 2% Due 01/15/2026

Index Linked Government Bond 60,000 units

82,258



Nelnet Student Loan Trust 2008-4 Floating Rate Due 04/25/2024

Asset Backed Security 80,000 units

82,197



Statoil ASA 2.65% Due 01/15/2024

Corporate Bond 84,000 units

81,600



Verizon Communications Inc. 4.5% Due 09/15/2020

Corporate Bond 75,000 units

81,432



Royal Bank of Scotland 6.4% Due 10/21/2019

Corporate Bond 70,000 units

81,305



Bank of America Corporation 4% Due 04/01/2024*

Corporate Bond 78,000 units

81,216



Virginia Electric & Power Company 2.95% Due 01/15/2022

Corporate Bond 80,000 units

80,791



Berkshire Hathaway Inc. 3.2% Due 02/11/2015

Corporate Bond 80,000 units

80,229



Verizon Communications Inc. 6.4% Due 02/15/2038

Corporate Bond 65,000 units

80,201



Medco Health 4.125% Due 09/15/2020

Corporate Bond 75,000 units

79,640



Comcast Corporation 5.9% Due 03/15/2016

Corporate Bond 75,000 units

79,515



Federal Home Loan Mortgage Corporation Pool 5.891% Due 08/1/2037

Government Mortgage Backed Security 74,292 units

79,332



CWMBS, Inc. Pass-Through 5.25% Due 05/25/2034

Collateralized Mortgage Obligation 77,415 units

78,999



Republic Services, Inc. 5.5% Due 09/15/2019

Corporate Bond 70,000 units

78,861



Fannie Mae Series 343 Class 29 5% Due 10/01/2018

Government Mortgage Backed Security 1,176,880 units

78,794



GTP Acquisition Partners I, LLC 4.347% Due 06/15/2016

Corporate Bond 77,000 units

78,426



Burlington Northern and Santa Fe Railway Company 3.45% Due 09/15/2021

Corporate Bond 75,000 units

78,262



Anheuser-Busch 6.875% Due 11/15/2019

Corporate Bond 65,000 units

78,232



PFS Tax Lien Trust 1.44% Due 05/15/2029

Asset Backed Security 77,796 units

77,837



The Goldman Sachs Group, Inc. 3.3% Due 05/03/2015

Corporate Bond 77,000 units

77,625



Banc America Mortgage Securities Inc. 2004-C 3.73055% Due 04/25/2034*

Collateralized Mortgage Obligation 77,990 units

77,566



Fannie Mae Remic Trust 2005-103 Variable Rate Due 07/25/2035

Government Mortgage Backed Security 65,795 units

76,929



25
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value

NextEra Energy Capital Holdings, Inc. 3.625% Due 06/15/2023

Corporate Bond 75,000 units

76,097



Hess Corporation LLC 5.29% Due 03/25/2016

Asset Backed Security 75,000 units

75,419



Macys Retail Holdings 7.45% Due 07/15/2017

Corporate Bond 65,000 units

73,898



BP Capital Markets plc 3.245% Due 05/06/2022

Corporate Bond 75,000 units

73,728



Agrium Inc. 5.25% Due 01/15/2045

Corporate Bond 68,000 units

73,448



Anheuser-Busch 3.7% Due 02/01/2024

Corporate Bond 70,000 units

72,714



Plains All American Pipeline LP 4.9% Due 02/15/2045

Corporate Bond 71,000 units

72,154



CPS Auto 1.21% Due 08/15/2018

Asset Backed Security 72,321 units

72,129



Jefferies Group 8.5% Due 07/15/2019

Corporate Bond 60,000 units

71,898



Master Asset Security Trust 2003-6 5% Due 07/25/2023

Collateralized Mortgage Obligation 71,498 units

71,656



Residential Accredit Loans, Inc. Pass-Through Trust Series 2004-QS3 5% Due 03/25/2019

Collateralized Mortgage Obligation 68,958 units

70,705



Banc America Alternative Loan Trust 2004-6 5% Due 07/25/2019*

Collateralized Mortgage Obligation 67,766 units

69,778



John Deere Capital Corporation 3.35% 06/12/2024

Corporate Bond 67,000 units

68,670



Kaupthing Bank 7.625% Due 12/31/2040 in default

Corporate Bond 310,000 units

67,425



The Home Depot, Inc. 3.75% Due 02/15/2024

Corporate Bond 63,000 units

67,290



Wells Fargo Mortgage Backed Securities 2004-EE Trust Variable Rate Due 12/25/2034*

Collateralized Mortgage Obligation 66,252 units

67,097



Diamond Offshore Drilling, Inc. 3.45% Due 11/01/2023

Corporate Bond 72,000 units

66,823



Potash Corporation of Saskatchewan, Inc. 3.625% Due 03/15/2024

Corporate Bond 65,000 units

66,693



Morgan Stanley Mortgage Loan Trust 2004-2AR 5% Due 09/25/2034

Collateralized Mortgage Obligation 65,287 units

66,599



Banc of America Alternative Loan Trust 2003-5 5% Due 07/25/2018*

Collateralized Mortgage Obligation 64,899 units

66,255



HCP, Inc. 4.25% Due 11/15/2023

Corporate Bond 63,000 units

66,228



Telefonica 5.877% Due 07/15/2019

Corporate Bond 58,000 units

66,008



Bank of America Corporation 4.25% Due 10/22/2026*

Corporate Bond 66,000 units

65,852



Ginnie Mae 2009-016 Remic Pass-Through Floating Rate Due 05/20/2037

Government Mortgage Backed Security 423,036 units

65,202



BB&T Corporation 2.45% Due 01/15/2020

Corporate Bond 65,000 units

64,735



Microsoft Corporation 3.625% Due 12/15/2023

Corporate Bond 60,000 units

64,208



Citigroup Inc. 6.01% Due 01/15/2015

Corporate Bond 64,000 units

64,091



Residential Funding Mortgage Securities I, Inc. 2003-S4 5.75% Due 03/25/2033

Collateralized Mortgage Obligation 62,328 units

63,947



Ginnie Mae 2006-26 Remic 0% Due 06/20/2036

Government Mortgage Backed Security 67,110 units

62,968



AGL Capital Corporation 5.875% Due 03/15/2041

Corporate Bond 50,000 units

62,709



Fannie Mae Remic Series 2004-36 Due 05/25/2034

Government Mortgage Backed Security 45,332 units

62,402



The Mosaic Company 5.45% Due 11/15/2033

Corporate Bond 55,000 units

62,227



Fannie Mae Pool #735439 6% Due 09/01/2019

Government Mortgage Backed Security 59,409 units

62,216



Merrill Lynch Mortgage Trust Series 2005-LC1 Due 01/12/2044*

Commercial Mortgage Backed Security 60,000 units

62,044



The Goldman Sachs Group, Inc. 2.55% Due 10/23/2019

Corporate Bond 62,000 units

61,774



MidAmerican Energy 3.75% Due 11/15/2023

Corporate Bond 59,000 units

61,513



Verizon Communications Inc. 5.15% Due 09/15/2023

Corporate Bond 55,000 units

60,733



Laboratory Corporation of America Holdings 2.2% Due 08/23/2017

Corporate Bond 60,000 units

60,524



Fannie Mae Remic Trust Pass-Through Variable Rate Due 01/25/2040

Government Mortgage Backed Security 449,666 units

60,374



Roche Holdings, Inc. 6% Due 03/1/2019

Corporate Bond 52,000 units

60,059



NiSource Finance Corporation 5.65% Due 02/01/2045

Corporate Bond 50,000 units

59,853



Ventas Realty Limited 4.75% Due 06/01/2021

Corporate Bond 55,000 units

59,779



The Goldman Sachs Group, Inc. 3.85% Due 07/08/2024

Corporate Bond 58,000 units

59,485



CPS Auto 1.59% Due 03/16/2020

Asset Backed Security 59,353 units

59,359



Ginnie Mae 2007-058 Remic Pass-Through Floating Rate Due 10/20/2037

Government Mortgage Backed Security 387,059 units

59,166



Citigroup Mortgage Loan Trust 2003-1 5.25% Due 09/25/2033

Collateralized Mortgage Obligation 56,277 units

58,439



The Goldman Sachs Group, Inc. 2.625% Due 01/31/2019

Corporate Bond 57,000 units

57,348



The Mosaic Company 3.75% Due 11/15/2021

Corporate Bond 55,000 units

57,244



Northern States Power Company 4.125% Due 05/15/2044

Corporate Bond 54,000 units

57,131



Ginnie Mae Remic Series 2008-073 Floating Rate Due 08/20/2038

Government Mortgage Backed Security 380,130 units

57,083



Federal Home Loan Mortgage Corporation Multiclass 0% Due 11/15/2037

Government Mortgage Backed Security 58,249 units

56,636



SNAAC Auto 1.03% Due 09/17/2018

Asset Backed Security 56,376 units

56,359



Medtronic, Inc. 3.75% Due 03/15/2035

Corporate Bond 53,000 units

56,225



Washington Mutual Variable Rate Pass-Through Due 09/25/2033

Collateralized Mortgage Obligation 54,588 units

56,214



Hydro-Quebec Series 8.05% Due 07/07/2024

Municipal/Provincial Bond 40,000 units

56,187



Sempra Energy Company 4.05% Due 12/01/2023

Corporate Bond 53,000 units

56,069



Morgan Stanley Fixed Income 1.875% Due 01/05/2018

Corporate Bond 56,000 units

55,795



26
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value

E. I. du Pont de Nemours and Company 4.625% Due 01/15/2020

Corporate Bond 50,000 units

55,259



Master Asset Security Trust 2004-6 5.25% Due 07/25/2019

Collateralized Mortgage Obligation 54,296 units

55,222



Banc America Mortgage Securities Inc. 5% Due 06/25/2019*

Collateralized Mortgage Obligation 54,212 units

55,188



Laboratory Corporation of America Holdings 2.5% Due 11/01/2018

Corporate Bond 55,000 units

54,808



Ginnie Mae Floating 2004-86 Remic Pass-Through Due 09/20/2034

Government Mortgage Backed Security 408,940 units

54,761



Duke Energy Corporation 4.3% Due 06/15/2020

Corporate Bond 50,000 units

54,352



Apple Inc. 2.85% Due 05/06/2021

Corporate Bond 53,000 units

54,217



Citigroup Inc. 6.875% Due 03/5/2038

Corporate Bond 39,000 units

53,136



Hewlett-Packard Company 6% Due 09/15/2041

Corporate Bond 47,000 units

52,863



Prudential Financial, Inc. 4.6% Due 05/15/2020

Corporate Bond 50,000 units

52,696



Hewlett-Packard Company 4.65% Due 12/09/2021

Corporate Bond 49,000 units

52,468



Federal Home Loan Mortgage Corporation Series 3201 Floating Rate Due 08/15/2036

Government Mortgage Backed Security 359,976 units

52,462



Potash Corporation of Saskatchewan, Inc. 3.25% Due 12/01/2017

Corporate Bond 50,000 units

52,155



Federal Home Loan Mortgage Corporation Multiclass Preassign 00121 0% Due 07/15/2036

Government Mortgage Backed Security 55,751 units

51,761



Fannie Mae Remic Trust 2001-38 Principal Only Due 08/25/2031

Government Mortgage Backed Security 55,172 units

51,757



Ginnie Mae 2002-41 Remic Trust Floating Rate Due 06/16/2032

Government Mortgage Backed Security 228,893 units

51,398



Florida Power & Light Company 3.25% Due 06/01/2024

Corporate Bond 50,000 units

51,207



First Investors Auto Owner Trust 2013-1 Class A-2 2 .9% Due 10/15/2018

Asset Backed Security 51,010 units

51,000



Orange SA 2.75% Due 02/06/2019

Corporate Bond 50,000 units

50,929



CSX Corporation 3.4% Due 08/01/2024

Corporate Bond 50,000 units

50,644



Prudential Financial, Inc. 2.35% Due 08/15/2019

Corporate Bond 50,000 units

50,030



Bank of New York Company, Inc. 3.25% Due 09/11/2024

Corporate Bond 50,000 units

50,024



News America, Inc. 3% Due 09/15/2022

Corporate Bond 50,000 units

49,663



Fannie Mae Pool #550389 6.45% Due 09/1/2030

Government Mortgage Backed Security 41,657 units

49,324



Ginnie Mae Remic Series 2007-16 Floating Rate Due 04/20/2037

Government Mortgage Backed Security 337,854 units

49,190



Federal Home Loan Mortgage Corporation Multiclass Series 2934 Principal Only Due 02/15/2020

Government Mortgage Backed Security 50,067 units

49,150



Ginnie Mae 2009-072 Remic Pass-Through Floating Rate Due 08/16/2039

Government Mortgage Backed Security 349,840 units

48,427



Springleaf Mortgage Loan Trust 1.57% Due 12/25/2059

Collateralized Mortgage Obligation 48,210 units

48,174



Ginnie Mae 2008-087 Remic Pass-Through 6.5% Due 10/20/2038

Government Mortgage Backed Security 235,876 units

48,005



Banc America Mortgage Securities Inc. 2004-3 Pass-Through 5.5% Due 04/25/2034*

Collateralized Mortgage Obligation 46,787 units

47,851



Fannie Mae Remic Trust 1997-89 7% Due 12/20/2027

Government Mortgage Backed Security 282,162 units

47,846



American Credit Acceptance Receivables Series 2013-2 Class A 1.32% Due 02/15/2017

Asset Backed Security 47,804 units

47,837



Fannie Mae Remic Trust 2008-91 Floating Rate Due 03/25/2038

Government Mortgage Backed Security 404,477 units

47,771



Dow Chemical Company 4.125% Due 11/15/2021

Corporate Bond 45,000 units

47,547



Dow Chemical Company 8.55% Due 05/15/2019

Corporate Bond 38,000 units

47,243



Morgan Stanley Capital I Trust Due 02/12/2044

Commercial Mortgage Backed Security 11,653,314 units

46,392



Ginnie Mae 2009-106 Floating Rate Due 06/20/2037

Government Mortgage Backed Security 346,005 units

45,873



Federal Home Loan Mortgage Corporation Pool #1G3623 Adjustable Rate Due 05/1/2037

Government Mortgage Backed Security 42,480 units

44,814



Illinois Tool Works Inc. 3.5% Due 03/01/2024

Corporate Bond 43,000 units

44,758



Novartis Capital Corporation 3.4% Due 05/06/2024

Corporate Bond 43,000 units

44,732



Ginnie Mae 2010-001 Remic Pass-Through Floating Rate Due 08/16/2039

Government Mortgage Backed Security 463,661 units

44,311



Texas Instruments Inc. 2.75% Due 03/12/2021

Corporate Bond 44,000 units

44,212



AT&T Inc. 3% Due 02/15/2022

Corporate Bond 45,000 units

44,153



Amazon.com, Inc. 4.8% Due 12/05/2034

Corporate Bond 42,000 units

44,089



Federal Home Loan Mortgage Corporation Multiclass Floating Rate Due 10/15/2040

Government Mortgage Backed Security 265,558 units

44,015



Freeport-McMoran 5.4% Due 11/14/2034

Corporate Bond 45,000 units

43,871



Bear Stearns Commercial Mortgage Securities Inc. Series 2005-PWR9 4.871% Due 09/15/2015

Commercial Mortgage Backed Security 43,238 units

43,861



Union Pacific Corporation 3.75% Due 03/15/2024

Corporate Bond 40,000 units

42,779



Alabama Power Company 5.875% Due 12/01/2022

Corporate Bond 35,000 units

42,738



HCP, Inc. 3.875% Due 08/15/2024

Corporate Bond 42,000 units

42,664



Suncor Energy Inc. 3.6% Due 12/01/2024

Corporate Bond 43,000 units

42,491



GMAC Mortgage Loan Trust 2003-J10 4.75% Due 01/25/2019

Collateralized Mortgage Obligation 42,409 units

42,296



Vodafone Group PLC 6.15% Due 02/27/2037

Corporate Bond 35,000 units

42,232



27
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value

AIG Global Funding 1.65% Due 12/15/2017

Corporate Bond 42,000 units

41,993



Viacom Inc. 4.85% Due 12/15/2034

Corporate Bond 41,000 units

41,958



Fannie Mae Remic Trust 2010-9 4.5% Due 10/25/2039

Government Mortgage Backed Security 41,581 units

41,769



DTE Energy Company 3.5% Due 06/01/2024

Corporate Bond 40,000 units

40,694



Virginia Electric & Power Company 4.45% Due 02/15/2044

Corporate Bond 37,000 units

40,415



Carfinance Cap Auto Trust 2013-1 Class A 1.65% Due 07/17/2017

Asset Backed Security 39,964 units

40,008



Jefferies Group 6.875% Due 04/15/2021

Corporate Bond 35,000 units

39,787



Ginnie Mae 2008-060 Remic Pass-Through 5.5% Due 07/20/2038

Government Mortgage Backed Security 35,000 units

39,373



Federal Home Loan Mortgage Corporation Multiclass Series 3784 Floating Rate Due 07/15/2023

Government Mortgage Backed Security 317,282 units

38,435



Federal Home Loan Mortgage Corporation Multiclass Series 3253 Principal Only Due 12/15/2021

Government Mortgage Backed Security 38,454 units

38,101



Equity One ABS, Inc. 5.05% Due 09/25/2033

Asset Backed Security 37,667 units

37,956



eBay Inc. 2.875% Due 08/01/2021

Corporate Bond 38,000 units

37,615



JP Morgan Remic Series 2010-4 Variable Rate Due 08/26/2035*

Collateralized Mortgage Obligation 37,507 units

37,440



Transocean Inc. 6.375% Due 12/15/2021

Corporate Bond 40,000 units

36,898



Fannie Mae Series 331 Variable Rate Due 02/01/2033

Government Mortgage Backed Security 143,392 units

36,731



Rogers Cable Inc. 8.75% Due 05/01/2032

Corporate Bond 25,000 units

36,163



Fannie Mae Remic Pass-Through Trust 2009-112 Floating Rate Due 01/25/2040

Government Mortgage Backed Security 295,726 units

36,098



Sysco Corporation 3.5% Due 10/02/2024

Corporate Bond 35,000 units

36,016



Federal Home Loan Mortgage Corporation Series 3218 Floating Rate Due 09/15/2026

Government Mortgage Backed Security 224,113 units

35,667



Ginnie Mae 2010-014 Remic Pass-Through Principal Only Due 12/20/2032

Government Mortgage Backed Security 36,276 units

35,284



Berkshire Hathaway Energy Company 3.5% Due 02/11/2025

Corporate Bond 35,000 units

35,223



SunTrust Banks, Inc. 2.35% Due 11/01/2018

Corporate Bond 35,000 units

35,215



Ginnie Mae Remic Series 2006-26 Due 06/20/2036

Government Mortgage Backed Security 239,401 units

35,136



Consumers Energy Company 3.125% Due 08/31/2024

Corporate Bond 35,000 units

35,118



eBay Inc. 2.6% Due 07/15/2022

Corporate Bond 37,000 units

35,111



Health Care REIT, Inc. 4.5% Due 01/15/2024

Corporate Bond 33,000 units

34,947



Federal Home Loan Mortgage Corporation Multiclass Preassign 00890 Due 04/15/2036

Government Mortgage Backed Security 37,042 units

34,618



Federal Home Loan Mortgage Corporation Multiclass Series 3117 Principal Only Due 02/15/2036

Government Mortgage Backed Security 36,278 units

34,059



Tyson Foods, Inc. 4.875% Due 08/15/2034

Corporate Bond 31,000 units

34,006



Federal Home Loan Mortgage Corporation Multiclass Series 2684 0% Due 01/15/2033

Government Mortgage Backed Security 34,064 units

33,975



Intercontinental Exchange Inc. 4% Due 10/15/2023

Corporate Bond 32,000 units

33,684



Ginnie Mae Remic Series 2008-79 Floating Rate Due 09/20/2038

Government Mortgage Backed Security 190,846 units

33,184



Atmos Energy Corporation 4.125% Due 10/15/2044

Corporate Bond 32,000 units

33,171



Fannie Mae Pool #550387 6.45% Due 08/01/2030

Government Mortgage Backed Security 27,666 units

32,808



Canadian Natural Resources Limited 3.9% Due 02/01/2025

Corporate Bond 33,000 units

32,530



Enterprise Products Company 3.75% Due 02/15/2025

Corporate Bond 32,000 units

32,122



Statoil ASA 3.25% Due 11/10/2024

Corporate Bond 32,000 units

32,105



Fannie Mae Series 390 Variable Rate Due 06/25/2038

Government Mortgage Backed Security 216,397 units

32,062



Verizon Communications Inc. 6.4% Due 09/15/2033

Corporate Bond 26,000 units

32,026



Huntington Auto Trusts Series 2012-1 0.81% Due 09/15/2016

Asset Backed Security 31,908 units

31,929



Citigroup Inc. 5.3% Due 05/06/2044

Corporate Bond 29,000 units

31,774



Enterprise Products Company 3.9% Due 02/15/2024

Corporate Bond 31,000 units

31,573


 
Bank of New York Company, Inc. 2.2% Due 05/15/2019
 
Corporate Bond 31,000 units
 
31,087

 
 
Fannie Mae Remic Trust 2006-20 Variable Rate Due 04/25/2036
 
Government Mortgage Backed Security 213,618 units
 
30,763

 
 
Federal Home Loan Mortgage Corporation Pool #G02809 3.5% Due 05/01/2036
 
Government Mortgage Backed Security 25,999 units
 
30,313

 
 
Ginnie Mae 2008-091 Remic Pass-Through 6.5% Due 11/20/2038
 
Government Mortgage Backed Security 212,772 units
 
29,635

 
 
Celgene Corporation 3.625% Due 05/15/2024
 
Corporate Bond 29,000 units
 
29,613

 
 
Parker Hannifin Corporation 3.3% Due 11-21-2024
 
Corporate Bond 29,000 units
 
29,596

 
 
Glitnir Banki HF Medium Term In Default 6.375% Due 09/25/2012
 
Corporate Bond 100,000 units
 
29,500

 
 
Federal Home Loan Mortgage Corporation Multiclass Series 3117 Due 02/15/2036
 
Government Mortgage Backed Security 31,221 units
 
29,224

 
 
Federal Home Loan Mortgage Corporation Multiclass Series 3747 4.5% Due 07/15/2037
 
Government Mortgage Backed Security 359,183 units
 
28,719

 
 
Alabama Power Company 3.55% Due 12/01/2023
 
Corporate Bond 27,000 units
 
28,460

 
 
Indymac Mortgage Backed Securities, Inc. 4.75% Due 02/25/2019
 
Asset Backed Security 27,684 units
 
28,322

 
 
The Walt Disney Company 4.125% Due 06/01/2044
 
Corporate Bond 27,000 units
 
28,321

 

28
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value
 
AGL Capital Corporation 5.25% Due 08/15/2019
 
Corporate Bond 25,000 units
 
27,951

 
 
The Charles Schwab Corporation 4.45% Due 07/22/2020
 
Corporate Bond 25,000 units
 
27,460

 
 
Ecolab Inc. 4.35% Due 12/08/2021
 
Corporate Bond 25,000 units
 
27,240

 
 
American Express Company 3.625% Due 12/05/2024
 
Corporate Bond 27,000 units
 
27,225

 
 
Ginnie Mae 2007-059 Remic Pass-Through Due 04/20/2037
 
Government Mortgage Backed Security 279,784 units
 
27,162

 
 
Federal Home Loan Mortgage Corporation Multiclass Preassign 00603 5% Due 02/15/2020
 
Government Mortgage Backed Security 310,414 units
 
27,105

 
 
Nordstrom, Inc. 4% Due 10/15/2021
 
Corporate Bond 25,000 units
 
26,745

 
 
Federal Home Loan Mortgage Corporation Pool #M30285 5% Due 02/01/2018
 
Government Mortgage Backed Security 25,708 units
 
26,555

 
 
Thermo Fisher Scientific Inc. 4.15% Due 02/01/2024
 
Corporate Bond 25,000 units
 
26,365

 
 
Sequoia Mortgage Trust 2011-1 Pass-Through Floating Rate Due 02-25-2041
 
Collateralized Mortgage Obligation 25,965 units
 
26,270

 
 
Freddie Mac Series 2643 Floating Rate Due 03/15/2032
 
Government Mortgage Backed Security 13,043 units
 
26,226

 
 
Fannie Mae Remic Trust 2010-35 Variable Rate Due 04/25/2040
 
Government Mortgage Backed Security 165,535 units
 
26,163

 
 
PPL Electric Utilities Corporation 4.125% Due 06/15/2044
 
Corporate Bond 25,000 units
 
26,156

 
 
Prime Mortgage Trust 2004-2 Pass-Through 4.75% Due 11/25/2019
 
Collateralized Mortgage Obligation 25,178 units
 
25,896

 
 
Plains All American Pipeline LP 2.6% Due 02/15/2019
 
Corporate Bond 26,000 units
 
25,819

 
 
Lowes Companies, Inc. 3.125% Due 09/15/2024
 
Corporate Bond 25,000 units
 
25,216

 
 
Federal Home Loan Mortgage Corporation Multiclass Series 2650 Principal Only Due 12/15/2032
 
Government Mortgage Backed Security 25,551 units
 
25,161

 
 
Federal Home Loan Mortgage Corporation Pool #G13390 6% Due 01/01/2024
 
Government Mortgage Backed Security 22,756 units
 
25,149

 
 
Verizon Communications Inc. 4.862% Due 08/21/2046
 
Corporate Bond 24,000 units
 
24,653

 
 
Plains All American Pipeline LP 3.6% Due 11/01/2024
 
Corporate Bond 25,000 units
 
24,543

 
 
Federal Home Loan Mortgage Corporation Multiclass Series 3171 Principal Only Due 06/15/2036
 
Government Mortgage Backed Security 25,877 units
 
24,349

 
 
Federal Home Loan Mortgage Corporation Pool #1J1574 5.697% Due 04/1/2037
 
Government Mortgage Backed Security 22,478 units
 
24,104

 
 
Federal Home Loan Mortgage Corporation Multiclass Series 2611 Floating Rate Due 05/15/2033
 
Government Mortgage Backed Security 20,327 units
 
23,963

 
 
Ginnie Mae 2006-023 Remic Floating Rate Due 01/20/2036
 
Government Mortgage Backed Security 275,611 units
 
23,791

 
 
Bed Bath & Beyond Inc. 4.915% Due 08/01/2034
 
Corporate Bond 23,000 units
 
23,733

 
 
Marathon Petroleum Corporation 3.625% Due 09/15/2024
 
Corporate Bond 24,000 units
 
23,520

 
 
Federal Home Loan Mortgage Corporation Multiclass Series 2650 Principal Only Due 12/15/2032
 
Government Mortgage Backed Security 23,661 units
 
23,168

 
 
Nucor Corporation 4% Due 08/01/2023
 
Corporate Bond 22,000 units
 
23,041

 
 
Public Service Company of New Hampshire 3.5% Due 11/01/2023
 
Corporate Bond 22,000 units
 
22,719

 
 
Fannie Mae Preassign 00869 Variable Rate Due 12/25/2032
 
Government Mortgage Backed Security 17,635 units
 
22,434

 
 
Federal Home Loan Mortgage Corporation Multiclass Series 3593 Floating Rate Due 11/15/2024
 
Government Mortgage Backed Security 197,287 units
 
22,200

 
 
Bank of America Corporation 4.1% Due 07/24/2023*
 
Corporate Bond 21,000 units
 
22,116

 
 
Federal Home Loan Mortgage Corporation Series 10 Due 07/15/2019
 
Government Mortgage Backed Security 20,019 units
 
21,701

 
 
Johnson Controls, Inc. 4.95% Due 07/02/2064
 
Corporate Bond 21,000 units
 
21,650

 
 
Ginnie Mae 6% Due 06/20/2032
 
Government Mortgage Backed Security 20,489 units
 
21,347

 
 
Fannie Mae Remic Trust 1993-G17 Variable Rate Due 04/25/2023
 
Government Mortgage Backed Security 90,881 units
 
21,278

 
 
Raytheon Company 3.15% Due 12/15/2024
 
Corporate Bond 21,000 units
 
21,063

 
 
Kroger Company 4% Due 02/01/2024
 
Corporate Bond 20,000 units
 
20,995

 
 
Monsanto Company 2.75% Due 07/15/2021
 
Corporate Bond 21,000 units
 
20,933

 
 
Walgreens Boots Alliance, Inc. 4.5% Due 11/18/2034
 
Corporate Bond 20,000 units
 
20,828

 
 
United States Treasury Bonds Inflation Index 3.875% Due 04/15/2029
 
Index Linked Government Bond 10,000 units
 
20,673

 
 
Federal Home Loan Mortgage Corporation Pool #A3-980 5.5% Due 11/1/2035
 
Government Mortgage Backed Security 18,400 units
 
20,534

 
 
Aon Corporation 3.5% Due 09/30/2015
 
Corporate Bond 20,000 units
 
20,396

 
 
Deutsche Bank AG 3.7% Due 5/30/2024
 
Corporate Bond 20,000 units
 
20,295

 
 
Ensco plc 4.7% Due 03/15/2021
 
Corporate Bond 20,000 units
 
20,091

 
 
Fannie Mae Pool #889745 5.5% Due 06/1/2036
 
Government Mortgage Backed Security 17,649 units
 
19,874

 
 
Noble Holding International 5.25% Due 03/15/2042
 
Corporate Bond 25,000 units
 
19,721

 
 
PacifiCorp 3.6% Due 04/01/2024
 
Corporate Bond 19,000 units
 
19,635

 
 
Gilead Sciences, Inc. 3.5% Due 02/01/2025
 
Corporate Bond 19,000 units
 
19,502

 
 
Fannie Mae Remic Trust 390 6% Due 07/25/2023
 
Government Mortgage Backed Security 215,172 units
 
19,439

 
 
CWMBS, Inc. 4% Due 08/25/2033
 
Collateralized Mortgage Obligation 18,877 units
 
18,985

 
 
Carnow Auto Receivables Trust 2013-1 Class A 1.16% Due 10/16/2017
 
Asset Backed Security 18,980 units
 
18,981

 
 
Cameron International Corporation 4% Due 12/15/2023
 
Corporate Bond 19,000 units
 
18,952

 
 
Becton Dickinson & Company 3.734% Due 12/15/2024
 
Corporate Bond 18,000 units
 
18,532

 
 
Northstar Mortgage Trust Series 2012-1 Floating Rate Due 04/25/2015
 
Commercial Mortgage Backed Security 18,341 units
 
18,341

 

29
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value
 
Cisco Systems, Inc. 2.9% Due 03/04/2021
 
Corporate Bond 18,000 units
 
18,329

 
 
Mead Johnson Company 4.6% Due 06/01/2044
 
Corporate Bond 17,000 units
 
17,852

 
 
Shell International Finance BV 3.4% Due 08/12/2023
 
Corporate Bond 17,000 units
 
17,546

 
 
Fannie Mae Preassign 00506 6% Due 04/25/2017
 
Government Mortgage Backed Security 16,940 units
 
17,468

 
 
Sunoco Logistics 4.25% Due 04/01/2024
 
Corporate Bond 17,000 units
 
17,191

 
 
Fannie Mae Pool #745948 6.5% Due 10/01/2036
 
Government Mortgage Backed Security 15,013 units
 
17,097

 
 
Diamond Offshore Drilling, Inc. 4.875% Due 11/01/2043
 
Corporate Bond 20,000 units
 
17,038

 
 
SNAAC Auto 1.14% Due 07/16/2018
 
Asset Backed Security 16,837 units
 
16,852

 
 
Fannie Mae Floating Rate Series 2007-88 Due 09/25/2037
 
Government Mortgage Backed Security 112,432 units
 
16,110

 
 
CBS Corporation 3.7% Due 08/15/2024
 
Corporate Bond 16,000 units
 
15,956

 
 
Banc America Mortgage Securities Inc. 2004-11 5.75% Due 12/25/2024*
 
Collateralized Mortgage Obligation 15,240 units
 
15,536

 
 
Marsh & McLennan Companies, Inc. 2.35% 09/10/2019
 
Corporate Bond 15,000 units
 
15,022

 
 
Federal Home Loan Mortgage Corporation Series 3306 Floating Rate Due 04/15/2037
 
Government Mortgage Backed Security 14,164 units
 
14,711

 
 
PSEG Power LLC 4.3% Due 11/15/2023
 
Corporate Bond 14,000 units
 
14,679

 
 
Burlington Northern and Santa Fe Railway Company 3.75% Due 04/01/2024
 
Corporate Bond 14,000 units
 
14,560

 
 
Fannie Mae Pool #852523 5.5% Due 02/1/2036
 
Government Mortgage Backed Security 12,917 units
 
14,434

 
 
Teck Resources Limited 3.75% Due 02/01/2023
 
Corporate Bond 16,000 units
 
14,341

 
 
Shell International Finance BV 4.55% Due 08/12/2043
 
Corporate Bond 13,000 units
 
14,222

 
 
Fannie Mae Remic Trust 1997-30 8% Due 05/18/2027
 
Government Mortgage Backed Security 81,401 units
 
14,107

 
 
Ginnie Mae 2003-018 Floating Rate Due 09/20/2032
 
Government Mortgage Backed Security 12,688 units
 
13,740

 
 
Fannie Mae Preassign 00464 Due 01/25/2036
 
Government Mortgage Backed Security 13,849 units
 
13,560

 
 
Target Corporation 3.5% Due 07/01/2024
 
Corporate Bond 13,000 units
 
13,496

 
 
Ginnie Mae 2010-014 0% Due 03/20/2036
 
Government Mortgage Backed Security 13,262 units
 
13,258

 
 
Fannie Mae Remic Trust 2009-15 Variable Rate Due 03/25/2024
 
Government Mortgage Backed Security 135,748 units
 
12,698

 
 
Monsanto Company 4.7% Due 07/15/2064
 
Corporate Bond 12,000 units
 
12,582

 
 
Federal Home Loan Mortgage Corporation Multiclass Floating Rate Due 04/15/2037
 
Government Mortgage Backed Security 12,250 units
 
12,549

 
 
Federal Home Loan Mortgage Corporation Pool #M30277 5% Due 11/01/2017
 
Government Mortgage Backed Security 12,145 units
 
12,542

 
 
Duke Realty Corporation 3.875% Due 02/15/2021
 
Corporate Bond 11,000 units
 
11,425

 
 
Virginia Electric & Power Company 3.45% Due 02/15/2024
 
Corporate Bond 11,000 units
 
11,326

 
 
Chubb Corporation 5.75% Due 05/15/2018
 
Corporate Bond 10,000 units
 
11,298

 
 
Statoil ASA 2.9% Due 11/08/2020
 
Corporate Bond 11,000 units
 
11,252

 
 
CBS Corporation 4.9% Due 08/15/2044
 
Corporate Bond 11,000 units
 
11,170

 
 
Directv Holdings LLC 3.95% Due 01/15/2025
 
Corporate Bond 11,000 units
 
11,087

 
 
American Water Capital Corporation 3.4% Due 03/01/2025
 
Corporate Bond 11,000 units
 
11,070

 
 
Fifth Third Bancorp 2.3% Due 03/01/2019
 
Corporate Bond 11,000 units
 
11,016

 
 
Ginnie Mae 2009-010 Remic Pass-Through Floating Rate Due 03/16/2034
 
Government Mortgage Backed Security 150,754 units
 
10,376

 
 
AT&T Inc. 4.35% Due 06/15/2045
 
Corporate Bond 10,000 units
 
9,428

 
 
Monsanto Company 4.2% Due 07/15/2034
 
Corporate Bond 8,000 units
 
8,336

 
 
Fannie Mae Preassign 00470 7% Due 06/25/2033
 
Government Mortgage Backed Security 42,019 units
 
7,846

 
 
Enterprise Products Company 4.95% Due 10/15/2054
 
Corporate Bond 7,000 units
 
7,165

 
 
Fannie Mae Remic Series 2008-80 5.60825% Due 09/25/2038
 
Government Mortgage Backed Security 56,175 units
 
6,898

 
 
Fannie Mae Remic Trust 2010-43 4.5% Due 02/25/2025
 
Government Mortgage Backed Security 115,599 units
 
6,778

 
 
Ginnie Mae 2003-112 Floating Rate Due 10/20/2032
 
Government Mortgage Backed Security 126,100 units
 
6,573

 
 
Federal Home Loan Mortgage Corporation Pool #M30262 5% Due 03/1/2017
 
Government Mortgage Backed Security 5,608 units
 
5,726

 
 
Ginnie Mae 2008-071 Remic Pass-Through Floating Rate Due 08/20/2038
 
Government Mortgage Backed Security 46,237 units
 
5,672

 
 
Fannie Mae Series 2009-18 5% Due 03/25/2024
 
Government Mortgage Backed Security 73,271 units
 
5,391

 
 
Fannie Mae Series 2008-19 5% Due 03/25/2023
 
Government Mortgage Backed Security 82,683 units
 
5,226

 
 
Fannie Mae Remic Trust 2008-53 Variable Rate Due 07/25/2038
 
Government Mortgage Backed Security 26,417 units
 
4,591

 
 
Federal Home Loan Mortgage Corporation Multiclass Series 3219 6% Due 04/15/2036
 
Government Mortgage Backed Security 25,848 units
 
4,563

 
 
Bear Stearns Asset Backed Securities Trust Adjustable Rate Due 12/25/2033
 
Asset Backed Security 4,071 units
 
3,807

 
 
Fannie Mae Remic Series 2009-9 5% Due 02/25/2024
 
Government Mortgage Backed Security 41,652 units
 
3,546

 
 
Santander Drive Auto Receivables Trust 0.82999998331% Due 12/15/2016
 
Asset Backed Security 2,567 units
 
2,567

 
 
Federal Home Loan Mortgage Corporation Multiclass Preassign 00482 6.5% Due 03/15/2033
 
Government Mortgage Backed Security 15,057 units
 
2,474

 
 
Residential Asset Mortgage Products Floating Rate Due 03/25/2033
 
Asset Backed Security 1,628 units
 
1,445

 
 
Ginnie Mae 2001-53 Remic Trust Due 10/20/2031
 
Government Mortgage Backed Security 24,445 units
 
761

 
Total Fixed Income Asset Class





288,943,285


30
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value








Fixed Income Index Asset Class:
 
 
 
 
 

NT Collective Aggregate Bond Index Fund - Non Lending*
 
Collective Trust Fund 351,938 units
 
46,307,977

 
Total Fixed Income Index Asset Class
 
 
 
 
46,307,977

 
 
 
 
 
 
 
High Yield Asset Class:







Blackrock High Yield Bond Fund Class A

Mutual Fund 6,676,666 shares

52,612,128



NT Collective Short Term Investment Fund*

Collective Trust Fund 7,178,978 units

7,178,978


 
Schaeffler Holding Finance BV 6.875% Due 8/15/18

Corporate Bond 830,000 units

865,248


 
Smurfit KAPPA Funding PLC 7.5% Due 11/20/2025

Corporate Bond 415,000 units

486,588


 
Carlson Wagonlit Travel BV 6.875% Due 06/15/2019

Corporate Bond 445,000 units

465,025


 
Carlson Wagonlit Travel BV 7.500% Due 08/15/2019

Corporate Bond 455,000 units

458,413


 
Virgin Media Finance PLC 5.25% Due 1/15/2021

Corporate Bond 435,000 units

454,575


 
RRI Energy, Inc. 7.875% Due 06/15/2017

Corporate Bond 440,000 units

437,800


 
Telecable Videotron Ltee 5% Due 07/15/2022

Corporate Bond 430,000 units

437,525


 
Nielsen Finance LLC 5% Due 04/15/2022

Corporate Bond 430,000 units

432,150


 
Crown Castle International Corporation 5.25% Due 01/15/2023

Corporate Bond 385,000 units

392,700


 
Quebecor Media Inc. 5.75% Due 01/15/2023

Corporate Bond 370,000 units

378,325


 
Belden Inc. 5.5% Due 09/01/2022

Corporate Bond 370,000 units

367,225


 
MPH Acquisition Holdings LLC 6.625% Due 04/01/2022

Corporate Bond 355,000 units

362,988


 
ACI Worldwide, Inc. 6.375% Due 08/15/2020

Corporate Bond 345,000 units

360,525


 
Calpine Corporation 5.875% Due 01/15/2021

Corporate Bond 335,000 units

356,775


 
The Men's Wearhouse, Inc. 7% Due 07/01/2022

Corporate Bond 345,000 units

354,488


 
Stone Energy Corporation 7.5% Due 11/15/2022

Corporate Bond 400,000 units

344,000


 
Hughes Satellite 7.625% Due 06/15/2021

Corporate Bond 305,000 units

335,500


 
GenOn Escrow Corporation 9.5% Due 10/15/2018

Corporate Bond 335,000 units

333,325


 
Florida East Coast Holdings Corporation 6.75% Due 05/01/2019

Corporate Bond 335,000 units

331,650


 
Great Lakes Dredge & Dock Corporation 7.375% Due 02/01/2019

Corporate Bond 320,000 units

326,400


 
NCR Corporation 5% Due 07/15/2022

Corporate Bond 330,000 units

321,750


 
Calumet Specialty Products LP 6.5% Due 04/15/2021

Corporate Bond 360,000 units

320,400


 
Mattamy Group Corporation 6.5% Due 11/15/2020

Corporate Bond 315,000 units

316,575


 
Cogent Comunications Group Inc. 8.375% Due 02/15/2018

Corporate Bond 300,000 units

313,500


 
Alliance Data System Corporation 6.375% Due 04/01/2020

Corporate Bond 300,000 units

306,750


 
GenCorp Inc. 7.125% Due 03/15/2021

Corporate Bond 285,000 units

298,481


 
B&G Foods, Inc. 4.625% Due 06/01/2021

Corporate Bond 295,000 units

287,950


 
Kaiser Aluminum Corporation 8.25% Due 06/01/2020

Corporate Bond 265,000 units

287,525


 
T-Mobile US, Inc. 6.375% Due 03/01/2025

Corporate Bond 280,000 units

284,480


 
William Carter Company 5.25% Due 08/15/2021

Corporate Bond 275,000 units

283,250


 
T-Mobile US, Inc. 6.5% Due 01/15/2024

Corporate Bond 275,000 units

281,875


 
T-Mobile US, Inc. 6.625% Due 04/01/2023

Corporate Bond 275,000 units

281,600


 
Brunswick Corporation 4.625% Due 05/15/2021

Corporate Bond 285,000 units

279,300


 
Brookfield Resdential Propertys Inc. 6.5% Due 12/15/2020

Corporate Bond 265,000 units

276,925


 
Hanger, Inc. 7.125% Due 11/15/2018

Corporate Bond 275,000 units

276,375


 
Kratos Defense & Security Solutions, Inc. 7% Due 05/15/2019

Corporate Bond 315,000 units

267,750


 
Teleflex Inc. 6.875% Due 06/01/2019

Corporate Bond 250,000 units

260,625


 
Boise Cascade Company 6.375% Due 11/01/2020

Corporate Bond 245,000 units

257,250


 
Alphabet Holding Company, Inc. 7.75% Due 11/01/2017

Corporate Bond 298,000 units

252,555


 
American Capital, Ltd. 6.5% Due 09/15/2018

Corporate Bond 240,000 units

250,800


 
PetroQuest Energy, Inc. 10% Due 09/01/2017

Corporate Bond 285,000 units

249,375


 
Alliant 6.875% Due 09/15/2020

Corporate Bond 234,000 units

249,210


 
Forum Energy Technologies, Inc. 6.25% Due 10/01/2021

Corporate Bond 260,000 units

244,400


 
New Gold Inc. 6.25% Due 11/15/2022

Corporate Bond 245,000 units

240,100


 
Briggs & Stratton Corporation 6.875% Due 12/15/2020

Corporate Bond 222,000 units

238,650


 
The Howard Hughes Corporation 6.875% Due 10/01/2021

Corporate Bond 230,000 units

238,050


 
Hecla Mining Company 6.875% Due 05/01/2021

Corporate Bond 270,000 units

237,600


 
Affinity Gaming Finance Corporation 9% Due 05/15/2018

Corporate Bond 245,000 units

235,200


 
Schaeffler Holding Finance BV 6.75% Due 11/15/2022

Corporate Bond 225,000 units

235,125


 
Fidelity & Guaranty Life Holdings, Inc. 6.375% Due 04/01/2021

Corporate Bond 220,000 units

231,000



31
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value
 
Limited Brands, Inc. 6.625% Due 04/01/2021

Corporate Bond 205,000 units

230,625


 
AuRico Gold Inc. 7.75% Due 04/01/2020

Corporate Bond 250,000 units

230,000


 
New Enterprise Stone & Lime Company, Inc. 13% Due 03/15/2018

Corporate Bond 215,445 units

227,294


 
Oshkosh Corporation 5.375% Due 03/01/2022

Corporate Bond 220,000 units

224,400


 
Summit Materials LLC 10.5% Due 01/31/2020

Corporate Bond 200,000 units

222,000


 
Cogent Comunications Group Inc. 5.625% Due 04/15/2021

Corporate Bond 225,000 units

220,500


 
NAI Entertainment Holding LLC 5% Due 08/01/2018

Corporate Bond 215,000 units

220,375


 
Equinix, Inc. 5.375% Due 04/01/2023

Corporate Bond 220,000 units

220,000


 
Allegy 5.875% Due 08/15/2023

Corporate Bond 215,000 units

219,949


 
Avis Budget Car Rent LLC 5.5% Due 04/01/2023

Corporate Bond 215,000 units

219,300


 
Spirit AeroSystems, Inc. 5.25% Due 03/15/2022

Corporate Bond 215,000 units

218,763


 
LKQ Corporation 4.75% Due 05/15/2023

Corporate Bond 225,000 units

216,000


 
T-Mobile US, Inc. 6.125% Due 01/15/2022

Corporate Bond 210,000 units

213,150


 
IHS, Inc. 5.0% Due 11/01/2022

Corporate Bond 215,000 units

212,850


 
Oasis Petroleum Inc. 7.25% Due 02/01/2019

Corporate Bond 220,000 units

210,100


 
IGATE Corporation 4.75% Due 04/15/2019

Corporate Bond 210,000 units

210,000


 
Sprint Capital Corporation 6.875% Due 11/15/2028

Corporate Bond 235,000 units

206,800


 
Jones Energy Holdings LLC 6.75% Due 04/01/2022

Corporate Bond 270,000 units

205,200


 
Sprint Nextel Corporation 7% Due 03/01/2020

Corporate Bond 190,000 units

205,200


 
Sprint Nextel Corporation 9% Due 11/15/2018

Corporate Bond 180,000 units

204,732


 
Rialto Holdings LLC 7% Due 12/01/2018

Corporate Bond 200,000 units

203,000


 
Numericable Group SA 6% Due 05/15/2022

Corporate Bond 200,000 units

201,100


 
CCO Holdings LLC 5.25% Due 09/30/2022

Corporate Bond 200,000 units

199,500


 
CBRE Services, Inc. 5% Due 03/15/2023

Corporate Bond 195,000 units

199,271


 
Numericable Group SA 4.875% Due 05/15/2019

Corporate Bond 200,000 units

198,250


 
CONSOL Energy Inc. 5.875% Due 4/15/2022

Corporate Bond 210,000 units

195,300


 
Ashton Woods USA LLC 6.875% Due 2/15/21

Corporate Bond 205,000 units

195,263


 
Catamaran Corporation 4.75% Due 03/15/2021

Corporate Bond 195,000 units

195,000


 
Rex Energy Corporation 8.875% Due 12/01/2020

Corporate Bond 215,000 units

192,425


 
Fresenius Medical Care US Finance, Inc. 4.75% Due 10/15/2024

Corporate Bond 190,000 units

191,900


 
American Equity Investment Life Holding Company 6.625% Due 07/15/2021

Corporate Bond 180,000 units

190,800


 
HCA Inc. 6.5% Due 02/15/2020

Corporate Bond 170,000 units

190,485


 
NuStar Logistics LP 6.75% Due 02/01/2021

Corporate Bond 180,000 units

190,350


 
DigitalGlobe, Inc. 5.25% Due 2/01/2021

Corporate Bond 200,000 units

190,000


 
PDC Energy, Inc. 7.75% Due 10/15/2022

Corporate Bond 200,000 units

190,000


 
AAR Corporation 7.25% Due 01/15/2022

Corporate Bond 175,000 units

189,000


 
TRAC Intermodal 11% Due 08/15/2019

Corporate Bond 175,000 units

189,000


 
Wolverine World Wide, Inc. 6.125% Due 10/15/2020

Corporate Bond 180,000 units

189,000


 
Concho Resources Inc. 5.5% Due 10/01/2022

Corporate Bond 185,000 units

186,850


 
Amsted Industries Inc. 5% Due 3/15/2022

Corporate Bond 190,000 units

186,675


 
Transfield Services Limited 8.375% Due 05/15/2020

Corporate Bond 175,000 units

186,375


 
Weekley Homes LLC 6% Due 02/01/2023

Corporate Bond 190,000 units

180,500


 
Plastipak Holdings, Inc. 6.5% Due 10/01/2021

Corporate Bond 180,000 units

179,100


 
Scotts Miracle-Gro Company 6.625% Due 12/15/2020

Corporate Bond 170,000 units

178,925


 
Headwaters Inc. 7.625% Due 04/01/2019

Corporate Bond 170,000 units

177,225


 
United Rentals, Inc. 7.625% Due 04/15/2022

Corporate Bond 160,000 units

175,920


 
Wellcare Health Plans, Inc. 5.75% Due 11/15/2020

Corporate Bond 170,000 units

175,525


 
KeHE Distrbutors LLC 7.625% Due 08/15/2021

Corporate Bond 165,000 units

175,313


 
PolyOne Corporation 5.25% Due 03/15/2023

Corporate Bond 175,000 units

174,883


 
KEMET Corporation 10.5% Due 05/01/2018

Corporate Bond 170,000 units

174,675


 
Telecable Videotron Ltee 5.375% Due 06/15/2024

Corporate Bond 170,000 units

173,400


 
WPX Energy, Inc. 6% Due 01/15/2022

Corporate Bond 180,000 units

173,250


 
Outerwall Inc. 5.875% Due 06/15/2021

Corporate Bond 185,000 units

172,513


 
Murphy Oil Corporation 6% Due 8/15/2023

Corporate Bond 165,000 units

172,425


 
Amerigas Partners, LP 6.25% Due 08/20/2019

Corporate Bond 165,000 units

170,363


 
Drawbridge Special Opportunities Fund LP 5% Due 08/01/2021

Corporate Bond 170,000 units

169,788


 
Antero Resources Corporation 5.125% Due 12/01/2022

Corporate Bond 180,000 units

169,650


 
Algeco Scotsman Global Finance PLC 8.5% Due 10/15/2018

Corporate Bond 175,000 units

168,875



32
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value
 
Building Materials Holding Corporation 9% Due 09/15/2018

Corporate Bond 160,000 units

168,000


 
Hilton Worldwide Holdings Inc. 5.625% Due 10/15/2021

Corporate Bond 160,000 units

167,200


 
First Cash Financial 6.75% Due 01/22/2021

Corporate Bond 160,000 units

166,400


 
Group 1 Automotive, Inc. 5% Due 06/01/2022

Corporate Bond 170,000 units

166,175


 
Land O'Lakes, Inc. 6% Due 11/15/2022

Corporate Bond 155,000 units

165,850


 
GLP Capital LP 5.375% Due 11/01/2023

Corporate Bond 160,000 units

165,600


 
Century Communities, Inc. 6.875% Due 05/15/2022

Corporate Bond 165,000 units

165,000


 
Building Materials Corporation of America 6.75% Due 05/01/2021

Corporate Bond 155,000 units

163,913


 
Aecom Technology Corporation 5.875% Due 10/15/2024

Corporate Bond 160,000 units

163,600


 
CBRE Services, Inc. 5.25% Due 03/15/2025

Corporate Bond 160,000 units

163,200


 
Linn Energy LLC 6.5% Due 05/15/2019

Corporate Bond 190,000 units

162,450


 
JLL/Delta Dutch Newco BV 7.5% Due 02/01/2025

Corporate Bond 160,000 units

162,400


 
Allied Specialty 8.5% Due 11/01/2019

Corporate Bond 155,000 units

162,363


 
Headwaters Inc. 7.25% Due 01/15/2019

Corporate Bond 155,000 units

161,200


 
C&S Group Enterprises LLC 5.375% Due 7/15/2022

Corporate Bond 160,000 units

158,800


 
Grifolsa, Inc. 5.25% Due 04/01/2022

Corporate Bond 155,000 units

158,519


 
Wise Metals Group LLC 8.75% Due 12/15/18

Corporate Bond 150,000 units

157,500


 
Phibro Animal Health 9.25% Due 07/01/2018

Bank Loan 159,600 units

157,007


 
Enquest plc 7% Due 04/15/2022

Corporate Bond 250,000 units

155,000


 
AV Homes, Inc. 7% Due 07/01/2019

Corporate Bond 160,000 units

154,400


 
Allegion US Holdings Company Inc. 5.75% Due 10/01/2021

Corporate Bond 145,000 units

153,338


 
General Cable Corporation 5.75% Due 10/01/2022

Corporate Bond 210,000 units

153,300


 
CFG Holdings Limited 11.5% Due 11/15/2019

Corporate Bond 150,000 units

153,000


 
FGI Operating Company LLC 7.875% Due 05/01/2020

Corporate Bond 170,000 units

153,000


 
CTP Transportation Products LLC 8.25% Due 12/15/2019

Corporate Bond 145,000 units

152,975


 
St Barbara Mines Limited Formerly St Barbara 8.875% Due 4/15/2018

Corporate Bond 190,000 units

152,000


 
AAF Holdings / AAF Finance 12% due 07/01/2019

Corporate Bond 155,000 units

150,350


 
THC Escrow Corporation 6% Due 10/01/2020

Corporate Bond 140,000 units

150,336


 
Churchill Downs Inc. 5.375% Due 12/15/2021

Corporate Bond 150,000 units

150,000


 
Commercial Metals Company 4.875% Due 05/15/2023

Corporate Bond 155,000 units

148,025

 
 
National Financial Partners Corporation 9% Due 07/15/2021

Corporate Bond 140,000 units

146,650

 
 
AEP Industries Inc. 8.25% Due 04/15/2019

Corporate Bond 145,000 units

146,450

 
 
Comstock Resources, Inc. 7.75% Due 04/01/2019

Corporate Bond 205,000 units

145,550

 
 
Radio System Corporation 8.375% Due 11/01/2019

Corporate Bond 135,000 units

144,788

 
 
Bauer Performance Sports Limited Due 04/01/2021

Bank Loan 146,870 units

144,483

 
 
Chesapeake Oilfield Operating LLC 6.625% Due 11/15/2019

Corporate Bond 190,000 units

144,400

 
 
Jaguar Holding Company 9.375% Due 10/15/2017

Corporate Bond 140,000 units

143,080

 
 
Anixter International Inc. 5.625% Due 05/01/2019

Corporate Bond 135,000 units

142,425

 
 
Allison Transmission Holdings, Inc. 1.125% Due 05/05/2019

Corporate Bond 135,000 units

141,244

 
 
Antero Resources Corporation 5.375% Due 11/01/2021

Corporate Bond 145,000 units

140,288

 
 
Florida East Coast Holdings Corporation 9.75% Due 05/01/2020

Corporate Bond 140,000 units

139,300

 
 
Woodside Homes Company 6.75% Due 12/15/2021

Corporate Bond 140,000 units

139,300

 
 
HCA Inc. 5% Due 03/15/2024

Corporate Bond 135,000 units

138,713

 
 
Halyard Health, Inc. 6.25% Due 10/15/2022

Corporate Bond 135,000 units

137,025

 
 
CCOH Safari LLC 5.75% Due 12/01/2024

Corporate Bond 135,000 units

136,519

 
 
Rivers Pittsburg Borrower LP 9.5% Due 06/15/2019

Corporate Bond 126,000 units

133,560

 
 
Koppers Holdings, Inc. 7.875% Due 12/01/2019

Corporate Bond 130,000 units

133,413

 
 
Time Inc. 5.75% Due 04/15/2022

Corporate Bond 135,000 units

130,613

 
 
Sprint Corporation 7.125% Due 06/15/2024

Corporate Bond 140,000 units

130,200

 
 
Actuant Corporation 5.625% Due 06/15/2022

Corporate Bond 125,000 units

129,688

 
 
DAE Aviation Holdings, Inc. Due 11/02/2018

Bank Loan 128,938 units

127,971

 
 
TransDigm Group Inc. 5.5% Due 10/15/2020

Corporate Bond 130,000 units

127,075

 
 
Spectrum Brands Escrow Corporation 6.375% Due 11/15/2020

Corporate Bond 120,000 units

125,100

 
 
T-Mobile US, Inc. 6.731% Due 04/28/2022

Corporate Bond 120,000 units

123,600

 
 
Community Choice Financial, Inc. 10.75% Due 05/01/2019

Corporate Bond 190,000 units

123,500

 
 
Tempur Sealy International, Inc. formerly Tempur-Pedic International, Inc. 6.875% Due 12/15/2020

Corporate Bond 115,000 units

122,188

 
 
Atlas Pipeline Partners, LP 6.625% Due 10/01/2020

Corporate Bond 120,000 units

122,100

 
 
Triangle Petroleum Corporation 6.75% Due 07/15/2022

Corporate Bond 185,000 units

122,100

 

33
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value
 
Spectrum Brands Escrow Corporation 6.625% Due 11/15/2022

Corporate Bond 115,000 units

121,613

 
 
Provident Funding Associates LP 6.75% Due 06/15/2021

Corporate Bond 125,000 units

121,250

 
 
HCA Inc. 5.875% Due 05/01/2023

Corporate Bond 115,000 units

121,181

 
 
Century Intermediate Holdings 9.75% Due 02/15/2019

Corporate Bond 115,000 units

120,750

 
 
Gamestop Corporation 5.5% Due 10/01/2019

Corporate Bond 120,000 units

120,300

 
 
Flexi-Van Leasing, Inc. 7.875% Due 08/15/2018

Corporate Bond 120,000 units

118,800

 
 
Titan International, Inc. III 6.875% Due 10/01/2020

Corporate Bond 135,000 units

118,800

 
 
Asbury Automotive Group, Inc. 6.0% Due 12/15/2024

Corporate Bond 115,000 units

117,013

 
 
Compressco 7.25% Due 08/15/2022

Corporate Bond 135,000 units

116,100

 
 
CONSOL Energy Inc. 6.375% Due 03/01/2021

Corporate Bond 115,000 units

115,000

 
 
Lamar Media Corporation 5.875% Due 02/01/2022

Corporate Bond 110,000 units

114,125

 
 
BlueScope Steel Limited 7.125% Due 05/01/2018

Corporate Bond 110,000 units

113,850

 
 
Lamar Media Corporation 5% Due 02/01/2022

Corporate Bond 115,000 units

113,850

 
 
Schaeffler Holding Finance BV 6.25% Due 11/15/2019

Corporate Bond 110,000 units

113,300

 
 
Ashtead Capital Inc. 5.625% Due 10-01-2024

Corporate Bond 110,000 units

112,750

 
 
E-Trade Financial Corporation 5.375% Due 11/15/2022

Corporate Bond 110,000 units

112,475

 
 
Drivetime Automotive Group, Inc. 8% Due 06/01/2021

Corporate Bond 125,000 units

112,344

 
 
Avis Budget Car Rent LLC 5.5% Due 04/01/2023

Corporate Bond 110,000 units

112,200

 
 
RSP Permian, Inc. 5.875% Due 10/01/2022

Corporate Bond 120,000 units

111,600

 
 
EnPro Industries, Inc. 5.875% Due 09/15/2022

Corporate Bond 110,000 units

111,100

 
 
MGM Resorts International 6% Due 03/15/2023

Corporate Bond 110,000 units

110,550

 
 
Nielsen Finance LLC 4.5% Due 10/01/2020

Corporate Bond 110,000 units

110,550

 
 
SM Energy Company 6.5% Due 01/01/2023

Corporate Bond 115,000 units

110,400

 
 
Icahn Enterprises LP 3.5% Due 03/15/2017

Corporate Bond 110,000 units

110,000

 
 
HealthSouth Corporation 5.75% Due 11/01/2024

Corporate Bond 105,000 units

109,200

 
 
AerCap Ireland Capital Limited 5% Due 10/01/2021

Corporate Bond 105,000 units

108,675

 
 
L Brands, Inc. 5.625% Due 10/15/2023

Corporate Bond 100,000 units

108,000

 
 
Blueline Rental Finance Corporation 7% Due 02/01/2019

Corporate Bond 105,000 units

107,625

 
 
Algeco Scotsman 10.75% Due 10/15/2019

Corporate Bond 125,000 units

107,500

 
 
Intelsat Jackson 7.5% Due 04/01/2021

Corporate Bond 100,000 units

107,000

 
 
Paragon Offshore plc 6.75% Due 07/15/2022

Corporate Bond 175,000 units

106,750

 
 
DAE Aviation Holdings, Inc. Due 07/30/2019

Bank Loan 110,000 units

106,700

 
 
Wright Express Inc. 4.75% Due 02/01/2023

Corporate Bond 110,000 units

106,150

 
 
Crown Castle International Corporation 4.875% Due 04/15/2022

Corporate Bond 105,000 units

106,050

 
 
WESCO Distribution, Inc. 5.375% Due 12/15/2021

Corporate Bond 105,000 units

105,919

 
 
Frontier 6.25% Due 09/15/2021

Corporate Bond 105,000 units

105,525

 
 
Valeant Pharmaceuticals International, Inc. 7% 10/01/2020

Corporate Bond 100,000 units

105,500

 
 
New Gold Inc. 7% Due 04/15/2020

Corporate Bond 105,000 units

105,158

 
 
Ally Financial Inc. 5.5% Due 02/15/2017

Corporate Bond 100,000 units

105,000

 
 
Cogeco Cable, Inc. 4.875% Due 05/01/2020

Corporate Bond 105,000 units

105,000

 
 
The Geo Group Inc. 6.625% Due 2/15/2021

Corporate Bond 100,000 units

104,750

 
 
Smithfield Foods, Inc. 7.75% Due 07/01/2017

Corporate Bond 95,000 units

104,738

 
 
HCA Holdings, Inc. 5.25% Due 04/15/2025

Corporate Bond 100,000 units

104,500

 
 
California Resources Corporation 5% Due 01/15/2020

Corporate Bond 120,000 units

104,100

 
 
Sabra Health Care Limited Partnership 5.5% Due 02/01/2021

Corporate Bond 100,000 units

104,000

 
 
The Whitewave Foods Company 5.375% Due 10/01/2022

Corporate Bond 100,000 units

103,000

 
 
Kraton Polymers LLC 6.75% Due 03/01/2019

Corporate Bond 100,000 units

102,250

 
 
SM Energy Company 6.5% Due 11/15/2021

Corporate Bond 105,000 units

101,850

 
 
CBS Outdoor Americas Capital LLC 5.25% Due 02/15/2022

Corporate Bond 100,000 units

100,750

 
 
Novelis Inc. 8.75% Due 12/15/2020

Corporate Bond 95,000 units

100,700

 
 
ConvaTec Healthcare E SA 10.5% Due 12/15/2018

Corporate Bond 95,000 units

100,225

 
 
FTS International Express, Inc. 6.25% Due 05/01/2022

Corporate Bond 135,000 units

98,550

 
 
Treehouse Foods, Inc. 4.875% Due 03/15/2022

Corporate Bond 95,000 units

96,188

 
 
Valeant Pharmaceuticals International, Inc. 6.875% Due 12/01/2018

Corporate Bond 93,000 units

95,930

 
 
SugarHouse HSP Gaming LP 6.375% Due 06/01/2021

Corporate Bond 105,000 units

95,550

 
 
T-Mobile US, Inc. 6% Due 03/01/2023

Corporate Bond 95,000 units

95,238

 
 
SM Energy Company 5% Due 01/15/2024

Corporate Bond 110,000 units

95,150

 
 
Oshkosh Corporation 8.5% Due 03/01/2020

Corporate Bond 90,000 units

94,275

 

34
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value
 
Griffon Corporation 5.25% Due 03/01/2022

Corporate Bond 100,000 units

93,625

 
 
Darling 5.375% Due 01/15/2022

Corporate Bond 95,000 units

93,575

 
 
Rosetta Resources Inc. 5.875% Due 06/01/2024

Corporate Bond 105,000 units

93,450

 
 
Rosetta Resources Inc. 5.625% Due 05/01/2021

Corporate Bond 100,000 units

91,510

 
 
Nationstar Mortgage LLC 7.875% Due 10/01/2020

Corporate Bond 95,000 units

91,200

 
 
Equinix, Inc. 5.375% Due 01/01/2022

Corporate Bond 90,000 units

90,846

 
 
Chesapeake Midstream Partners, LP 6.125% Due 07/15/2022

Corporate Bond 85,000 units

90,313

 
 
Eldorado Resorts LLC 8.625% Due 06/15/19

Corporate Bond 85,000 units

88,825

 
 
Prestige Brands, Inc. 5.375% Due 12/15/2021

Corporate Bond 90,000 units

88,425

 
 
Cash America International, Inc. 5.75% Due 05/15/2018

Corporate Bond 85,000 units

87,975

 
 
Cantor Commercial Real Estate Company, LP 7.75% Due 2/15/18

Corporate Bond 85,000 units

87,763

 
 
Forestar USA Real Estate Group, Inc. 8.5% Due 06/01/2022

Corporate Bond 90,000 units

87,750

 
 
MarkWest Energy 6.5% Due 08/15/2021

Corporate Bond 85,000 units

87,550

 
 
OneMain Financial Holdings, Inc. 7.5% Due 12/15/2021

Corporate Bond 85,000 units

87,125

 
 
SBA Communications Corporation 5.75% Due 07/15/2020

Corporate Bond 85,000 units

86,513

 
 
Penske Automotive Group, Inc. 5.375% Due 12/01/2024

Corporate Bond 85,000 units

86,063

 
 
Atlas Pipeline Partners, LP 4.75% Due 11/15/2021

Corporate Bond 90,000 units

85,500

 
 
Ladder Capital Finance LLC 5.875% Due 08/01/2021

Corporate Bond 90,000 units

85,500

 
 
Ingles Markets, Inc. 5.75% Due 06/15/2023

Corporate Bond 85,000 units

85,349

 
 
General Motors Acceptance Corporation 8% Due 11/01/2031

Corporate Bond 67,000 units

85,258

 
 
Centene Corporation 5.75% Due 06/01/2017

Corporate Bond 80,000 units

84,800

 
 
Concho Resources Inc. 7% Due 01/15/2021

Corporate Bond 80,000 units

83,800

 
 
MarkWest Energy 6.75% Due 11/01/2020

Corporate Bond 80,000 units

83,200

 
 
Compass Investors Inc. 7.75% Due 01/15/2021

Corporate Bond 85,000 units

82,875

 
 
MSCI, Inc. 5.25% Due 11/15/2024

Corporate Bond 80,000 units

82,800

 
 
CCOH Safari LLC 5.5% Due 12/01/2022

Corporate Bond 80,000 units

81,200

 
 
Gibraltar Industries, Inc. 6.25% Due 02/01/2021

Corporate Bond 80,000 units

81,200

 
 
Equinix, Inc. 5.75% Due 01/01/2025

Corporate Bond 80,000 units

80,700

 
 
Dish DBS Corporation 5.875% Due 11/15/2024

Corporate Bond 80,000 units

80,400

 
 
TransDigm Group Inc. 6.5% Due 07/15/2024

Corporate Bond 80,000 units

80,400

 
 
Speedy Cash International 10.75% Due 05/15/2018

Corporate Bond 80,000 units

78,400

 
 
MPT Operating Partnership LP 5.5% Due 05/01/2024

Corporate Bond 75,000 units

78,188

 
 
NCR Corporation 6.375% Due 12/15/2023

Corporate Bond 75,000 units

78,000

 
 
Carrizo Oil & Gas Inc. 7.5% 09/15/2020

Corporate Bond 80,000 units

76,800

 
 
Salix Pharmaceuticals Limited 6% Due 01/15/2021

Corporate Bond 75,000 units

76,500

 
 
Altlas Energy Holdings Operating Company LLC 7.75% Due 01/15/2021

Corporate Bond 105,000 units

76,125

 
 
KLX, Inc. 5.875% Due 12/1/2022

Corporate Bond 75,000 units

75,750

 
 
Alliant Techsystems Inc. 5.25% Due 10/01/2021

Corporate Bond 75,000 units

75,563

 
 
Hughes Satellite 6.5% Due 06/15/2019

Corporate Bond 70,000 units

75,075

 
 
Building Materials Corporation of America 5.375% Due 11/15/2024

Corporate Bond 75,000 units

74,813

 
 
Peabody Energy Corporation 6.5% Due 09/15/2020
 
Corporate Bond 85,000 units
 
73,738

 
 
Universal Hospital Services, Inc. 7.625% Due 08/15/2020
 
Corporate Bond 85,000 units
 
73,100

 
 
Evraz, Inc. 7.5% Due 11/15/2019
 
Corporate Bond 75,000 units
 
72,563

 
 
Sabra Health Care REIT, Inc. 5.375% Due 06/01/2023
 
Corporate Bond 70,000 units
 
71,400

 
 
MetroPCS Communications,, Inc. 6.625% Due 11/15/2020
 
Corporate Bond 70,000 units
 
71,225

 
 
Silgan Holdings Inc. 5% Due 04/01/2020
 
Corporate Bond 70,000 units
 
71,050

 
 
Markwest Energy Partners LP 5.5% Due 02/15/2023
 
Corporate Bond 70,000 units
 
70,875

 
 
MTR Gaming Group 11.5% Due 08/01/2019
 
Corporate Bond 65,000 units
 
70,363

 
 
Range Resources Corporation 5% Due 08/15/2022
 
Corporate Bond 70,000 units
 
70,000

 
 
Newfield Exploration Company 5.625% Due 07/01/2024
 
Corporate Bond 70,000 units
 
69,256

 
 
PolyOne Corporation 7.375% Due 09/15/2020
 
Corporate Bond 65,000 units
 
69,144

 
 
Hologic, Inc. 6.25% Due 08/01/2020
 
Corporate Bond 65,000 units
 
67,600

 
 
Chassix Inc. 9.25% Due 08/01/2018
 
Corporate Bond 100,000 units
 
67,500

 
 
W&T Offshore, Inc. 8.5% Due 06/15/2019
 
Corporate Bond 100,000 units
 
65,500

 
 
Arch Coal, Inc. 7% Due 06/15/2019
 
Corporate Bond 220,000 units
 
64,900

 
 
TransDigm Group Inc. 6% Due 07/15/2022
 
Corporate Bond 65,000 units
 
64,838

 
 
Novelis Inc. 8.375% Due 12/15/2017
 
Corporate Bond 60,000 units
 
62,250

 
 
Prospect Holding Company 10.25% Due 10/01/2018
 
Corporate Bond 75,000 units
 
61,875

 

35
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value
 
Equinix, Inc. 4.875% Due 04/01/2020
 
Corporate Bond 60,000 units
 
59,700

 
 
Light Tower Rentals, Inc. 8.125% 08/01/2019
 
Corporate Bond 75,000 units
 
58,313

 
 
Chesapeake Midstream Partners, LP 5.875% Due 04/15/2021
 
Corporate Bond 55,000 units
 
57,338

 
 
Dish DBS Corporation 4.625% Due 07/15/2017
 
Corporate Bond 55,000 units
 
56,856

 
 
Huntington Ingalls Industries, Inc. 5% Due 12/15/2021
 
Corporate Bond 55,000 units
 
55,963

 
 
Vail Resorts, Inc. 6.5% Due 05/01/2019
 
Corporate Bond 54,000 units
 
55,890

 
 
Approach Resources Inc. 7% Due 06/15/2021
 
Corporate Bond 75,000 units
 
55,500

 
 
Arch Coal. Inc. 8% Due 01/15/2019
 
Corporate Bond 100,000 units
 
55,500

 
 
CBS Outdoor Americas Capital LLC 5.625% Due 02/15/2024
 
Corporate Bond 55,000 units
 
55,275

 
 
WCI Communities, Inc. 6.875% Due 08/15/2021
 
Corporate Bond 55,000 units
 
55,138

 
 
Anixter International Inc. 5.125% Due 10/01/2021
 
Corporate Bond 55,000 units
 
55,000

 
 
Frontier 6.875% Due 01/15/2025
 
Corporate Bond 55,000 units
 
55,000

 
 
Multi-Color Corporation 6.125% Due 12/01/2022
 
Corporate Bond 55,000 units
 
55,000

 
 
Range Resources Corporation 5% Due 03/15/2023
 
Corporate Bond 55,000 units
 
55,000

 
 
Tesoro Logistics LP 6.25% Due 10/15/2019
 
Corporate Bond 55,000 units
 
54,863

 
 
Constellation Energy Resources LLC 4.25% Due 05/01/2023
 
Corporate Bond 55,000 units
 
54,588

 
 
Tesoro Logistics LP 5.5% Due 10/15/2019
 
Corporate Bond 55,000 units
 
54,588

 
 
Comstock Resources, Inc. 9.5% Due 06/15/2020
 
Corporate Bond 80,000 units
 
54,400

 
 
Rayonier Advanced Materials Inc. 5.5% Due 06/01/2024
 
Corporate Bond 65,000 units
 
53,381

 
 
Kindred Escrow Corporation 8% Due 01/15/2020
 
Corporate Bond 50,000 units
 
53,125

 
 
SBA Communications Corporation 8.75% Due 07/15/2022
 
Corporate Bond 55,000 units
 
52,938

 
 
Belden Inc. 5.25% Due 07/15/2024
 
Corporate Bond 55,000 units
 
52,800

 
 
Nationstar Mortgage LLC 6.5% Due 08/01/2018
 
Corporate Bond 55,000 units
 
52,388

 
 
Sotheby's Formerly Sotheby's Holdings , Inc. 5.25% Due 10/01/2022
 
Corporate Bond 55,000 units
 
51,975

 
 
Vander Intermediate Holding Corporation 9.75% Due 02/01/2019
 
Corporate Bond 50,000 units
 
51,750

 
 
Paragon Offshore plc 7.25% Due 08/15/2024
 
Corporate Bond 85,000 units
 
51,000

 
 
IAC/InterActiveCorp 4.875% Due 11/30/2018
 
Corporate Bond 50,000 units
 
50,875

 
 
Onex York Acquisition 8.5% Due 10/01/2022
 
Corporate Bond 50,000 units
 
50,000

 
 
Activision Blizzard, Inc. 5.625% Due 09/15/2021
 
Corporate Bond 45,000 units
 
47,250

 
 
Onemain Financial Holdings, Inc. 6.75% Due 12/15/2019
 
Corporate Bond 45,000 units
 
45,900

 
 
Stearns Holdings, Inc. 9.375% Due 08/15/2020
 
Corporate Bond 45,000 units
 
45,000

 
 
Rex Energy Corporation 6.25% Due 08/01/2022
 
Corporate Bond 60,000 units
 
44,700

 
 
Commscope Inc. 5.5% Due 06/15/2024
 
Corporate Bond 45,000 units
 
44,325

 
 
Taylor Morrison Communities Inc. / Monarch Communities Inc. 5.25% Due 04/15/2021
 
Corporate Bond 45,000 units
 
44,325

 
 
Ally Financial Inc. 7.5% Due 09/15/2020
 
Corporate Bond 36,000 units
 
42,210

 
 
Jaguar Land Rover Automotive PLC 4.125% Due 12/15/2018
 
Corporate Bond 40,000 units
 
40,200

 
 
Hertz Global Holdings, Inc. 4.25% Due 04/01/2018
 
Corporate Bond 40,000 units
 
39,800

 
 
Amerigas Finance Corporation 7% Due 5/20/22
 
Corporate Bond 38,000 units
 
39,330

 
 
MarkWest Energy 4.5% Due 07/15/2023
 
Corporate Bond 40,000 units
 
38,500

 
 
HCA Holdings, Inc. 4.25% Due 10/15/2019
 
Corporate Bond 37,000 units
 
37,555

 
 
Arch Coal Inc. 7.25% Due 10/01/2020
 
Corporate Bond 100,000 units
 
35,000

 
 
Hockey Merger Sub 2, Inc. 7.875% Due 10/01/2021
 
Corporate Bond 35,000 units
 
34,825

 
 
Lamar Media Corporation 5.375% Due 01/15/2024
 
Corporate Bond 30,000 units
 
30,900

 
 
GLP Capital LP 4.375% Due 11/01/2018
 
Corporate Bond 30,000 units
 
30,675

 
 
Constellation Energy Resources LLC 4.25% Due 11/15/2024
 
Corporate Bond 30,000 units
 
30,375

 
 
CCO Holdings LLC 5.125% Due 02/15/2023
 
Corporate Bond 30,000 units
 
30,300

 
 
Ultra Pete Corporation 6.125% Due 10/01/2024
 
Corporate Bond 35,000 units
 
30,100

 
 
Sprint Nextel Corporation 7% Due 08/15/2020
 
Corporate Bond 30,000 units
 
30,000

 
 
Commscope Inc. 5% Due 06/15/2021
 
Corporate Bond 30,000 units
 
29,550

 
 
Activision Blizzard, Inc. 6.125% Due 09/15/2023
 
Corporate Bond 25,000 units
 
26,938

 
 
Kindred Escrow Corporation 8.75% Due 01/15/2023
 
Corporate Bond 25,000 units
 
26,906

 
 
Peabody Energy Corporation 6.25% Due 11/15/2021
 
Corporate Bond 30,000 units
 
25,650

 
 
CBS Outdoor Americas Capital LLC 5.875% Due 03/15/2025
 
Corporate Bond 25,000 units
 
25,188

 
 
Vulcan Materials Company 6.5% Due 12/01/2016
 
Corporate Bond 23,000 units
 
24,495

 
 
Oasis Petroleum Inc. 6.875% Due 03/15/2022
 
Corporate Bond 25,000 units
 
22,750

 
 
Telecable Videotron Ltee 9.125% Due 04/15/2018
 
Corporate Bond 22,000 units
 
22,743

 
 
Amerigas Finance Corporation 6.75% Due 5/20/2020
 
Corporate Bond 20,000 units
 
20,600

 
 
Exide Technologies 8.625% Due 02/01/2018
 
Corporate Bond 410,000 units
 
19,988

 

36
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value
 
The ADT Corporation 6.25% Due 10/15/2021
 
Corporate Bond 15,000 units
 
15,413

 
 
Nielsen Company Luxembourg S.A.R.L. 5.5% Due 10/01/2021
 
Corporate Bond 15,000 units
 
15,300

 
 
SM Energy Company 6.625% Due 02/15/2019
 
Corporate Bond 15,000 units
 
14,700

 
 
Arch Coal, Inc. 7.25% Due 06/15/2021
 
Corporate Bond 50,000 units
 
14,563

 
 
New Gold Inc.
 
Common and Preferred Stock 3,212 shares
 
13,812

 
 
Valeant Pharmaceuticals International, Inc. Canada 5.625% Due 12/01/2021
 
Corporate Bond 10,000 units
 
10,075

 
 
T-Mobile US, Inc. 6.464% Due 04/28/2019
 
Corporate Bond 5,000 units
 
5,200

 
Total High Yield Asset Class





109,552,656










Inflation Protection Asset Class:








NT Collective Treasury Inflation-Protected Securities Index Fund - Non Lending*

Collective Trust Fund 459,063 units

61,060,010



Total Inflation Protection Asset Class





61,060,010










International Growth Asset Class:








Artisan International Fund*
 
Collective Trust Fund 3,366,154 units
 
69,780,370




MFS Institutional International Equity Fund
 
Mutual Fund 3,246,008 shares
 
67,874,025




NT Collective EAFE Index Fund - Non Lending*
 
Collective Trust Fund 30,038 units
 
7,744,338




Thai baht
 
Cash and Cash Equivalents 7,598 units
 
7,598



 
Brazilian real
 
Cash and Cash Equivalents 2,640 units
 
2,640

 
 
NT Collective Short Term Investment Fund*

Collective Trust Fund 97 units

97

 
 
Singapore dollar

Cash and Cash Equivalents 2 units

2

 
Total International Growth Asset Class





145,409,070










Total International Index Asset Class:








NT Collective All Country World Index (ACWI) Ex-US Fund - Non Lending*

Collective Trust Fund 678,092 units

85,554,926



Total International Index Asset Class





85,554,926

 
 
 
 
 
 
 
Total International Value Asset Class:
 
 
 
 
 

Dodge & Cox International Fund
 
Mutual Fund 2,567,079 shares

108,099,713

 

Altrinsic International Equty Value Fund*
 
Collective Trust Fund 9,885,576 units

107,468,072

 

NT Collective EAFE Index Fund - Non Lending*

Collective Trust Fund 45,806 units

11,809,578



Total International Value Asset Class
 
 
 
 
227,377,363

 
 
 
 
 
 
 
Large Cap Growth Asset Class:







NT Collective Russell 1000 Growth Index Fund - Non Lending*

Collective Trust Fund 103,035 units

28,845,053



Visa Inc. Class A

Common and Preferred Stock 82,950 shares

21,749,487



NT Collective Short Term Investment Fund*

Collective Trust Fund 10,248,738 units

10,248,738



Monsanto Company

Common and Preferred Stock 78,150 shares

9,336,581



salesforce.com, inc.

Common and Preferred Stock 156,342 shares

9,272,644



Nike, Inc. Class B

Common and Preferred Stock 94,829 shares

9,117,808



Regeneron Pharmaceuticals, Inc.

Common and Preferred Stock 22,170 shares

9,095,243



The Priceline Group Inc.

Common and Preferred Stock 7,850 shares

8,950,649



Schlumberger Limited

Common and Preferred Stock 104,270 shares

8,905,701



Facebook, Inc.

Common and Preferred Stock 113,400 shares

8,847,468



Cerner Corporation

Common and Preferred Stock 135,600 shares

8,767,896



Whole Foods Market, Inc.

Common and Preferred Stock 164,660 shares

8,302,157



Biogen Idec Inc.

Common and Preferred Stock 23,140 shares

7,854,873



Apple Inc.

Common and Preferred Stock 71,100 shares

7,848,018



Linkedin Corporation Class A

Common and Preferred Stock 34,085 shares

7,829,665



Chipotle Mexican Grill, Inc.

Common and Preferred Stock 11,210 shares

7,673,357



Google Inc. Class C

Common and Preferred Stock 13,990 shares

7,364,336



Lowes Companies, Inc.

Common and Preferred Stock 102,820 shares

7,074,016



Starbucks Corporation

Common and Preferred Stock 83,850 shares

6,879,893



Google Inc. Class A

Common and Preferred Stock 11,018 shares

5,846,812



Alibaba Group Holding Limited

Common and Preferred Stock 52,700 shares

5,477,638



Automatic Data Processing, Inc.

Common and Preferred Stock 65,550 shares

5,464,904



American Express Company

Common and Preferred Stock 58,550 shares

5,447,492



Walt Disney Company

Common and Preferred Stock 57,410 shares

5,407,448



37
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value

Gilead Sciences, Inc.

Common and Preferred Stock 56,502 shares

5,325,879



Baidu, Inc.

Common and Preferred Stock 23,100 shares

5,266,107



State Street Corporation

Common and Preferred Stock 65,900 shares

5,173,150



Amazon.com, Inc.

Common and Preferred Stock 16,400 shares

5,089,740



PPG Industries, Inc.

Common and Preferred Stock 21,811 shares

5,041,613



Equinix, Inc.

Common and Preferred Stock 21,946 shares

4,975,817



Colgate-Palmolive Company

Common and Preferred Stock 69,880 shares

4,834,997



Alexion Pharmaceuticals, Inc.

Common and Preferred Stock 25,407 shares

4,701,057



SAP SE

Common and Preferred Stock 67,420 shares

4,695,803



Sanofi-Aventis

Common and Preferred Stock 98,500 shares

4,492,585



Aon Corporation

Common and Preferred Stock 45,340 shares

4,299,592



Splunk Inc.

Common and Preferred Stock 70,900 shares

4,179,555



Fastenal Company

Common and Preferred Stock 86,110 shares

4,095,392



Ecolab Inc.

Common and Preferred Stock 38,100 shares

3,982,212



Mastercard Inc. Class A

Common and Preferred Stock 43,873 shares

3,780,098



McKesson Corporation

Common and Preferred Stock 18,154 shares

3,768,407



HCA Holdings, Inc.

Common and Preferred Stock 51,300 shares

3,764,907



The Hershey Company

Common and Preferred Stock 35,250 shares

3,663,533



ARM Holdings plc

Common and Preferred Stock 77,900 shares

3,606,770



Perrigo Company Limited

Common and Preferred Stock 21,360 shares

3,570,538



The Charles Schwab Corporation

Common and Preferred Stock 117,200 shares

3,538,268



Morgan Stanley

Common and Preferred Stock 89,300 shares

3,464,840



Delta Air Lines, Inc.

Common and Preferred Stock 69,900 shares

3,438,381



Las Vegas Sands Corporation

Common and Preferred Stock 58,900 shares

3,425,624



Twenty-First Century Fox, Inc. Class A

Common and Preferred Stock 88,200 shares

3,387,321



Red Hat, Inc.

Common and Preferred Stock 48,760 shares

3,371,266



ASML Holding N. V.

Common and Preferred Stock 31,100 shares

3,353,513



United Continental Holdings Company

Common and Preferred Stock 50,041 shares

3,347,242



Biomarin Pharmaceutical Inc.

Common and Preferred Stock 35,200 shares

3,182,080



Discover Financial Services

Common and Preferred Stock 47,000 shares

3,078,030



Actavis plc

Common and Preferred Stock 11,222 shares

2,888,655



Qualcomm Inc.

Common and Preferred Stock 38,170 shares

2,837,176



National Oilwell Varco, Inc.

Common and Preferred Stock 43,000 shares

2,817,790



athenahealth, Inc.

Common and Preferred Stock 19,000 shares

2,768,300



Bristol-Myers Squibb Company

Common and Preferred Stock 45,749 shares

2,700,563



Adobe Systems Inc.

Common and Preferred Stock 36,800 shares

2,675,360



FMC Technologies, Inc.

Common and Preferred Stock 55,200 shares

2,585,568



Ulta Salon, Cosmetics & Fragrance, Inc.

Common and Preferred Stock 20,171 shares

2,578,661



Royal Carribbean Cruises Limited

Common and Preferred Stock 31,000 shares

2,555,330



Mondelez International, Inc.

Common and Preferred Stock 69,770 shares

2,534,395



Canadian Pacific Railway Limited Company

Common and Preferred Stock 12,600 shares

2,427,894



Southwestern Energy

Common and Preferred Stock 87,500 shares

2,387,875



Lam Resh Corporation

Common and Preferred Stock 28,500 shares

2,261,190



NXP Semiconductors N.V.

Common and Preferred Stock 28,400 shares

2,169,760



L Brands, Inc.

Common and Preferred Stock 23,630 shares

2,045,177



FleetCor Technologies, Inc.

Common and Preferred Stock 13,679 shares

2,034,204



Capital One Financial Corporation

Common and Preferred Stock 22,900 shares

1,890,395



Western Digital Corporation

Common and Preferred Stock 16,857 shares

1,866,070



LyondellBasell Industries N.V.

Common and Preferred Stock 23,300 shares

1,849,787



Target Corporation

Common and Preferred Stock 22,500 shares

1,707,975



Kohl's Corporation

Common and Preferred Stock 26,600 shares

1,623,664



Pioneer Natural Resources Company

Common and Preferred Stock 10,836 shares

1,612,939



The Estee Lauder Companies Inc. Class A

Common and Preferred Stock 20,772 shares

1,582,826



ServiceNow, Inc.

Common and Preferred Stock 23,280 shares

1,579,548



Alcoa Inc.

Common and Preferred Stock 97,917 shares

1,546,109



Under Armour, Inc. Class A

Common and Preferred Stock 22,624 shares

1,536,170



Constellation Brands, Inc.

Common and Preferred Stock 15,100 shares

1,482,367



Workday, Inc.

Common and Preferred Stock 18,126 shares

1,479,263



38
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value

Illumina, Inc.

Common and Preferred Stock 7,365 shares

1,359,432



Tiffany & Co.

Common and Preferred Stock 12,634 shares

1,350,069



Intuitive Surgical, Inc.

Common and Preferred Stock 2,446 shares

1,293,787



McGraw Hill Financial, Inc.

Common and Preferred Stock 13,677 shares

1,216,979



Garmin Corporation

Common and Preferred Stock 22,800 shares

1,204,524



Tableau Software, Inc.

Common and Preferred Stock 11,900 shares

1,008,644



Celgene Corporation

Common and Preferred Stock 8,806 shares

985,039



Edwards Lifesciences Corporation

Common and Preferred Stock 7,600 shares

968,088



United States Steel Corporation

Common and Preferred Stock 35,300 shares

943,922



LendingClub Corporation

Common and Preferred Stock 35,000 shares

885,500



lululemon athletica, inc.

Common and Preferred Stock 11,700 shares

652,743



Brookdale Senior Living Inc.

Common and Preferred Stock 15,500 shares

568,385


Total Large Cap Growth Asset Class
 
 
 
 
415,964,317

 
 
 
 
 
 
 
Large Cap Index Asset Class:








NT Collective S&P 500 Index Fund – Non Lending*

Collective Trust Fund 104,140 units

689,607,489



Total Large Cap Index Asset Class





689,607,489

 
 
 
 
 
 
 
Large Cap Value Asset Class:





 

NT Collective Russell 1000 Value Index Fund - Non Lending*

Collective Trust Fund 37,502 units

10,539,014

 

Wells Fargo & Company*

Common and Preferred Stock 136,323 shares

7,473,226

 

Microsoft Corporation

Common and Preferred Stock 153,386 shares

7,124,780

 

Bank of America Corporation*

Common and Preferred Stock 348,230 shares

6,229,835

 

Comcast Corporation Class A

Common and Preferred Stock 90,307 shares

5,238,709

 

JP Morgan Chase & Company*

Common and Preferred Stock 83,642 shares

5,234,316

 

Hewlett-Packard Company

Common and Preferred Stock 125,000 shares

5,016,250

 

Capital One Financial Corporation

Common and Preferred Stock 59,500 shares

4,911,725

 

NT Collective Short Term Investment Fund*

Collective Trust Fund 4,823,160 units

4,823,160

 

Symantec Corporation

Common and Preferred Stock 185,008 shares

4,746,380

 

UnitedHealth Group Inc.

Common and Preferred Stock 46,233 shares

4,673,694

 

Pfizer Inc.

Common and Preferred Stock 149,885 shares

4,668,918

 

Sanofi-Aventis

Common and Preferred Stock 101,238 shares

4,617,465

 

Merck & Co., Inc.

Common and Preferred Stock 76,446 shares

4,341,368

 

Chevron Corporation

Common and Preferred Stock 37,159 shares

4,168,497

 

Novartis AG

Common and Preferred Stock 44,500 shares

4,123,370

 

Time Warner Inc.

Common and Preferred Stock 47,000 shares

4,014,740

 

Schlumberger Limited

Common and Preferred Stock 46,730 shares

3,991,209

 

Time Warner Cable Inc.

Common and Preferred Stock 24,000 shares

3,649,440

 

The Charles Schwab Corporation

Common and Preferred Stock 115,000 shares

3,471,850

 

Bank of New York Mellon Corporation

Common and Preferred Stock 84,000 shares

3,407,880

 

EMC Corporation

Common and Preferred Stock 113,225 shares

3,367,312

 

MetLife, Inc.*

Common and Preferred Stock 61,590 shares

3,331,403

 

Wal-Mart Stores, Inc.

Common and Preferred Stock 37,500 shares

3,220,500

 

Express Scripts Holding Company

Common and Preferred Stock 37,623 shares

3,185,539

 

FedEx Corporation

Common and Preferred Stock 18,000 shares

3,125,880

 

Roche Holdings Ltd

Common and Preferred Stock 91,000 shares

3,093,090

 

The Goldman Sachs Group, Inc.

Common and Preferred Stock 15,000 shares

2,907,450

 

Cisco Systems, Inc.

Common and Preferred Stock 101,269 shares

2,816,797

 

Liberty Interactive Corporation

Common and Preferred Stock 89,276 shares

2,626,500

 

National Oilwell Varco, Inc.

Common and Preferred Stock 39,386 shares

2,580,965

 

Citigroup Inc.

Common and Preferred Stock 45,668 shares

2,471,095

 

Apache Corporation

Common and Preferred Stock 37,500 shares

2,350,125

 

Twenty-First Century Fox, Inc. Class A

Common and Preferred Stock 60,000 shares

2,304,300

 

State Street Corporation

Common and Preferred Stock 28,804 shares

2,261,114

 

Eli Lilly & Company

Common and Preferred Stock 32,027 shares

2,209,543

 

Northrop Grumman Corporation

Common and Preferred Stock 14,028 shares

2,067,587



Fifth Third Bancorp

Common and Preferred Stock 98,557 shares

2,008,099

 

Covidien plc

Common and Preferred Stock 19,605 shares

2,005,199

 

39
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value

American International Group, Inc.

Common and Preferred Stock 35,436 shares

1,984,770

 

AOL Inc.

Common and Preferred Stock 42,398 shares

1,957,516

 

Illinois Tool Works Inc.

Common and Preferred Stock 20,357 shares

1,927,808

 

Discover Financial Services

Common and Preferred Stock 29,394 shares

1,925,013

 

Omnicom Group Inc.

Common and Preferred Stock 24,678 shares

1,911,805

 

Sealed Air Corporation

Common and Preferred Stock 45,048 shares

1,911,387

 

Ameriprise Financial, Inc.

Common and Preferred Stock 14,424 shares

1,907,574

 

PNC Financial Services Group

Common and Preferred Stock 20,197 shares

1,842,572

 

eBay Inc.

Common and Preferred Stock 32,600 shares

1,829,512

 

E. I. du Pont de Nemours and Company

Common and Preferred Stock 24,611 shares

1,819,737

 

Norfolk Southern Corporation

Common and Preferred Stock 16,477 shares

1,806,044

 

Google Inc. Class C

Common and Preferred Stock 3,400 shares

1,789,760

 

Honeywell International Inc.

Common and Preferred Stock 17,807 shares

1,779,275

 

Target Corporation

Common and Preferred Stock 23,300 shares

1,768,703

 

TE Connectivity Limited

Common and Preferred Stock 27,500 shares

1,739,375

 

Unum Group

Common and Preferred Stock 49,436 shares

1,724,328

 

Fidelity National Financial, Inc.

Common and Preferred Stock 49,853 shares

1,717,436

 

Eaton Corporation plc

Common and Preferred Stock 24,582 shares

1,670,593

 

NetApp, Inc.

Common and Preferred Stock 39,800 shares

1,649,710

 

Lowes Companies, Inc.

Common and Preferred Stock 23,783 shares

1,636,270

 

Baker Hughes Inc. 7.5% Due 11/15/2018

Common and Preferred Stock 29,000 shares

1,626,030

 

Mondelez International, Inc.

Common and Preferred Stock 44,508 shares

1,616,753

 

Motorola Solutions, Inc.

Common and Preferred Stock 23,985 shares

1,608,914

 

Corning Inc.

Common and Preferred Stock 70,000 shares

1,605,100

 

Teva Pharmaceuticals Industries

Common and Preferred Stock 27,636 shares

1,589,346

 

CVS Caremark Corporation

Common and Preferred Stock 16,430 shares

1,582,373

 

Vulcan Materials Company

Common and Preferred Stock 23,903 shares

1,571,144

 

Weyerhaeuser Company

Common and Preferred Stock 43,441 shares

1,559,097

 

PepsiCo, Inc.

Common and Preferred Stock 16,479 shares

1,558,254

 

Verizon Communications Inc.

Common and Preferred Stock 33,291 shares

1,557,353

 

Viacom Inc. Class B

Common and Preferred Stock 20,643 shares

1,553,386

 

Royal Dutch Shell PLC

Common and Preferred Stock 22,844 shares

1,529,406

 

Marathon Oil Corporation

Common and Preferred Stock 53,796 shares

1,521,889

 

General Motors Company

Common and Preferred Stock 43,487 shares

1,518,131

 

Philip Morris International Inc.

Common and Preferred Stock 17,708 shares

1,442,317

 

NextEra Energy, Inc.

Common and Preferred Stock 13,428 shares

1,427,262

 

Travelers Companies, Inc.

Common and Preferred Stock 13,370 shares

1,415,215

 

Vodafone Group PLC

Common and Preferred Stock 40,483 shares

1,383,304

 

Legg Mason, Inc.

Common and Preferred Stock 25,742 shares

1,373,851

 

BB&T Corporation

Common and Preferred Stock 35,100 shares

1,365,039

 

Cigna Corporation

Common and Preferred Stock 13,200 shares

1,358,412

 

Liberty Global PLC

Common and Preferred Stock 26,794 shares

1,345,193

 

Procter & Gamble Company

Common and Preferred Stock 24,536 shares

1,306,297

 

Noble Energy, Inc.

Common and Preferred Stock 27,485 shares

1,303,614

 

Bristol-Myers Squibb Company

Common and Preferred Stock 21,970 shares

1,296,889

 

Apple Inc.

Common and Preferred Stock 11,749 shares

1,296,855

 

HCA Holdings, Inc.

Common and Preferred Stock 17,654 shares

1,295,627

 

Actavis plc

Common and Preferred Stock 4,971 shares

1,279,585

 

Ingersoll-Rand plc

Common and Preferred Stock 19,966 shares

1,265,645

 

Tyco International, Ltd.

Common and Preferred Stock 28,700 shares

1,258,782

 

Celanese Corporation

Common and Preferred Stock 20,500 shares

1,229,180

 

General Electric Company

Common and Preferred Stock 48,200 shares

1,218,014

 

Family Dollar Stores, Inc.

Common and Preferred Stock 15,121 shares

1,197,734

 

Calpine Corporation

Common and Preferred Stock 53,707 shares

1,188,536

 

Hess Corporation LLC

Common and Preferred Stock 15,942 shares

1,176,838

 

Valero Energy Corporation

Common and Preferred Stock 23,465 shares

1,161,518

 

Synopsys, Inc.

Common and Preferred Stock 26,500 shares

1,151,955

 

Deere & Company

Common and Preferred Stock 12,376 shares

1,094,905

 

40
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value

Danaher Corporation

Common and Preferred Stock 12,500 shares

1,071,375

 

Aegon N.V.

Common and Preferred Stock 140,000 shares

1,050,000

 

Glaxosmithkline PLC

Common and Preferred Stock 24,400 shares

1,042,856

 

AutoNation, Inc.

Common and Preferred Stock 17,037 shares

1,029,205

 

Maxim Integrated Products, Inc.

Common and Preferred Stock 30,000 shares

956,100

 

Dish Network Corporation Class A

Common and Preferred Stock 12,800 shares

932,992

 

SunTrust Banks, Inc.

Common and Preferred Stock 21,000 shares

879,900

 

Knowles Corporation

Common and Preferred Stock 36,392 shares

857,032

 

Google Inc. Class A

Common and Preferred Stock 1,600 shares

849,056

 

Medtronic, Inc.

Common and Preferred Stock 11,500 shares

830,300

 

Terex Corporation

Common and Preferred Stock 27,760 shares

773,949

 

Coach, Inc.

Common and Preferred Stock 20,000 shares

751,200

 

The ADT Corporation

Common and Preferred Stock 20,500 shares

742,715

 

CarMax, Inc.

Common and Preferred Stock 10,000 shares

665,800

 

Juniper Networks, Inc.

Common and Preferred Stock 28,700 shares

640,584

 

Koninklijke Philips NV

Common and Preferred Stock 20,000 shares

580,000

 

Weatherford International Ltd.

Common and Preferred Stock 50,000 shares

572,500

 

Sprint Corporation

Common and Preferred Stock 110,492 shares

458,542

 

Cobalt International Energy, Inc.

Common and Preferred Stock 43,221 shares

384,235

 

Nokia Corporation

Common and Preferred Stock 45,800 shares

359,988

 

Cadence Design Systems, Inc.

Common and Preferred Stock 18,000 shares

341,460

 

NVR, Inc.

Common and Preferred Stock 250 shares

318,833

 

Time Inc.

Common and Preferred Stock 9,112 shares

224,246

 

News Corporation Class A

Common and Preferred Stock 12,500 shares

196,125

 

Liberty Interactive Corporation

Common and Preferred Stock 4,549 shares

171,588

 

Now Inc.

Common and Preferred Stock 3,500 shares

90,055

 
Total Large Cap Value Asset Class
 
 
 
 
260,297,891









Participant Self-Directed Accounts

Various investments



309,915,597









Real Estate Investment Trust (REIT) Asset Class:







Vanguard Specialized Portfolios REIT Index Fund Institutional Class

Mutual Fund 6,393,044 shares

113,604,394



NT Collective Short Term Investment Fund*

Collective Trust Fund 4,833,297 units

4,833,297


Total Real Estate Investment Trust (REIT) Asset Class





118,437,691









Small-Mid Cap Growth Asset Class:







NT Collective Short Term Investment Fund*

Collective Trust Fund 3,367,874 units

3,367,874



NT Collective Russell 2000 Growth Index Fund - Non Lending*

Collective Trust Fund 12,825 units

3,277,903



Knight Transportation, Inc.

Common and Preferred Stock 42,676 shares

1,436,474



Cornerstone OnDemand, Inc.

Common and Preferred Stock 32,504 shares

1,144,141



Ultimate Software Group, Inc.

Common and Preferred Stock 7,497 shares

1,100,672



Dealertrack Technologies, Inc.

Common and Preferred Stock 21,747 shares

963,610



Copart, Inc.

Common and Preferred Stock 25,867 shares

943,887



Signet Jewelers Limited

Common and Preferred Stock 6,938 shares

912,833



MSC Industial Direct Co., Inc. Class A

Common and Preferred Stock 11,190 shares

909,188



ServiceNow, Inc.

Common and Preferred Stock 12,960 shares

879,336



Harman International Industries, Inc.

Common and Preferred Stock 8,226 shares

877,796



Allegiant Travel Company

Common and Preferred Stock 5,833 shares

876,875



MWI Veterinary Supply, Inc.

Common and Preferred Stock 4,981 shares

846,322



Robert Half International, Inc.

Common and Preferred Stock 14,174 shares

827,478



Power Integrations, Inc.

Common and Preferred Stock 15,683 shares

811,438



F5 Networks, Inc.

Common and Preferred Stock 5,556 shares

724,864



Syntel, Inc.

Common and Preferred Stock 15,787 shares

710,099



Cavium, Inc.

Common and Preferred Stock 11,453 shares

708,024



IPG Photonics Corporation

Common and Preferred Stock 9,266 shares

694,209



O'Reilly Automotive, Inc.

Common and Preferred Stock 3,481 shares

670,510



XPO Logistics, Inc.

Common and Preferred Stock 16,326 shares

667,407



Seattle Genetics, Inc.

Common and Preferred Stock 19,964 shares

641,443



41
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value

Echo Global Logistics, Inc.

Common and Preferred Stock 21,836 shares

637,611



Ulta Salon, Cosmetics & Fragrance, Inc.

Common and Preferred Stock 4,900 shares

626,416



Zumiez Inc.

Common and Preferred Stock 16,206 shares

626,038



Waste Connections, Inc.

Common and Preferred Stock 14,213 shares

625,230



Medivation, Inc.

Common and Preferred Stock 6,204 shares

617,980



MakeMyTrip Limited

Common and Preferred Stock 23,383 shares

607,724



Global Payments Inc.

Common and Preferred Stock 7,500 shares

605,475



Monro Muffler Brake, Inc.

Common and Preferred Stock 10,397 shares

600,947



HEICO Corporation Class A

Common and Preferred Stock 12,623 shares

597,825



Deckers Outdoor Corporation

Common and Preferred Stock 6,513 shares

592,944



Norwegian Cruise Line Holdings Limited

Common and Preferred Stock 12,650 shares

591,514



IPC The Hospitalist Company, Inc.

Common and Preferred Stock 12,873 shares

590,742



HDFC Bank Limited

Common and Preferred Stock 11,439 shares

580,529



Middleby Corporation

Common and Preferred Stock 5,795 shares

574,285



Mattress Firm Holding Corporation

Common and Preferred Stock 9,812 shares

569,881



ExamWorks Group, Inc.

Common and Preferred Stock 13,637 shares

567,163



G-III Apparel Group Limited

Common and Preferred Stock 5,588 shares

564,444



The Chefs' Warehouse Holdings, Inc.

Common and Preferred Stock 24,155 shares

556,531



ICON Public Limited Company

Common and Preferred Stock 10,791 shares

550,233



Proofpoint, Inc.

Common and Preferred Stock 11,379 shares

548,809



Life Time Fitness, Inc.

Common and Preferred Stock 9,650 shares

546,383



Polypore International, Inc.

Common and Preferred Stock 11,508 shares

541,451



Exact Sciences Corporation

Common and Preferred Stock 19,219 shares

527,370



Verifone Systems, Inc.

Common and Preferred Stock 14,023 shares

521,656



Cempra, Inc.

Common and Preferred Stock 21,987 shares

516,914



Radian Group Inc.

Common and Preferred Stock 30,500 shares

509,960



Fortinet, Inc.

Common and Preferred Stock 16,620 shares

509,569



Signature Bank of New York

Common and Preferred Stock 4,017 shares

505,981



Dexcom, Inc.

Common and Preferred Stock 8,862 shares

487,853



Autodesk, Inc.

Common and Preferred Stock 8,028 shares

482,162



Energizer Holdings, Inc.

Common and Preferred Stock 3,680 shares

473,101



Fluidigm Corporation

Common and Preferred Stock 13,908 shares

469,117



Rackspace Hosting, Inc.

Common and Preferred Stock 10,000 shares

468,100



MEDNAX, Inc.

Common and Preferred Stock 7,063 shares

466,935



Alnylam Pharmaceuticals, Inc.

Common and Preferred Stock 4,660 shares

452,020



Abaxis, Inc.

Common and Preferred Stock 7,908 shares

449,412



Hanesbrands Inc.

Common and Preferred Stock 3,998 shares

446,257



Under Armour, Inc. Class A

Common and Preferred Stock 6,455 shares

438,295



Graco Inc.

Common and Preferred Stock 5,424 shares

434,896



Exlservice Holdings, Inc.

Common and Preferred Stock 15,094 shares

433,349



Cintas Corporation

Common and Preferred Stock 5,500 shares

431,420



lululemon athletica, inc.

Common and Preferred Stock 7,600 shares

424,004



Stantec Inc.

Common and Preferred Stock 15,124 shares

414,700



Comscore, Inc.

Common and Preferred Stock 8,883 shares

412,438



Fiesta Restaurant Group, Inc.

Common and Preferred Stock 6,779 shares

412,163



Faro Technologies, Inc.

Common and Preferred Stock 6,359 shares

398,582



Vulcan Materials Company

Common and Preferred Stock 6,054 shares

397,929



Blue Nile, Inc.

Common and Preferred Stock 10,439 shares

375,908



The WhiteWave Foods Company Class A

Common and Preferred Stock 10,650 shares

372,644



Lennar Corporation

Common and Preferred Stock 8,199 shares

367,397



Buffalo Wild Wings, Inc.

Common and Preferred Stock 2,000 shares

360,760



Cypress Semiconductor Corporation

Common and Preferred Stock 24,900 shares

355,572



Infoblox Inc.

Common and Preferred Stock 17,370 shares

351,048



Rite Aid Corporation

Common and Preferred Stock 46,600 shares

350,432



The Hain Celestial Group, Inc.

Common and Preferred Stock 6,000 shares

349,740



Proto Labs, Inc.

Common and Preferred Stock 5,206 shares

349,635



Headwaters Inc.

Common and Preferred Stock 23,278 shares

348,937



Burlington Stores, Inc.

Common and Preferred Stock 7,300 shares

344,998



42
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value

Palo Alto Networks, Inc.

Common and Preferred Stock 2,800 shares

343,196



PVH Corporation

Common and Preferred Stock 2,600 shares

333,242



SciQuest, Inc.

Common and Preferred Stock 22,821 shares

329,763



Big Lots, Inc.

Common and Preferred Stock 8,171 shares

327,003



Sangamo Biosciences, Inc.

Common and Preferred Stock 21,076 shares

320,566



Yelp Inc. Class A

Common and Preferred Stock 5,830 shares

319,076



Tetra Tech, Inc.

Common and Preferred Stock 11,889 shares

317,436



Hospira, Inc.

Common and Preferred Stock 5,100 shares

312,375



ZELTIQ Aesthetics, Inc.

Common and Preferred Stock 11,083 shares

309,327



Pitney Bowes Inc.

Common and Preferred Stock 12,690 shares

309,255



Esperion Therapeutics, Inc.

Common and Preferred Stock 7,588 shares

306,859



Ryder System, Inc.

Common and Preferred Stock 3,291 shares

305,569



Expedia, Inc.

Common and Preferred Stock 3,572 shares

304,906



Electronics For Imaging, Inc.

Common and Preferred Stock 7,016 shares

300,495



IDEX Corporation

Common and Preferred Stock 3,793 shares

295,247



Jack In The Box Inc.

Common and Preferred Stock 3,600 shares

287,856



Edwards Lifesciences Corporation

Common and Preferred Stock 2,235 shares

284,694



Team Health Holdings, Inc.

Common and Preferred Stock 4,800 shares

276,144



Integrated Device Technology, Inc.

Common and Preferred Stock 13,984 shares

274,086



Silicon Laboratories Inc.

Common and Preferred Stock 5,611 shares

267,196



Fleetmatics Group PLC

Common and Preferred Stock 7,501 shares

266,210



Pall Corporation

Common and Preferred Stock 2,600 shares

263,146



Apogee Enterprises, Inc.

Common and Preferred Stock 6,200 shares

262,694



Tractor Supply Company

Common and Preferred Stock 3,300 shares

260,106



Blackhawk Network Holdings, Inc.

Common and Preferred Stock 6,700 shares

259,960



Envestnet, Inc.

Common and Preferred Stock 5,267 shares

258,820



Radware Limited

Common and Preferred Stock 11,750 shares

258,735



Cognizant Technology Solutions Corporation Class A

Common and Preferred Stock 4,733 shares

249,240



SPS Commerce, Inc.

Common and Preferred Stock 4,301 shares

243,566



Electronic Arts Company

Common and Preferred Stock 5,054 shares

237,614



Wageworks, Inc.

Common and Preferred Stock 3,598 shares

232,323



Stamps.com Inc.

Common and Preferred Stock 4,800 shares

230,352



Wesco Aircraft Holdings, Inc.

Common and Preferred Stock 16,451 shares

229,985



Idexx Laboratories, Inc.

Common and Preferred Stock 1,500 shares

222,405



NetSuite Inc.

Common and Preferred Stock 2,032 shares

221,833



East West Bancorp, Inc.

Common and Preferred Stock 5,700 shares

220,647



FactSet Research Systems, Inc.

Common and Preferred Stock 1,551 shares

218,303



Hibbett Sports, Inc.

Common and Preferred Stock 4,494 shares

217,644



Adeptus Health Inc.

Common and Preferred Stock 5,800 shares

216,920



Cimpress N.V.

Common and Preferred Stock 2,760 shares

206,558



Isis Pharmaceuticals, Inc.

Common and Preferred Stock 3,300 shares

203,742



Chico's FAS, Inc.

Common and Preferred Stock 12,181 shares

197,454

 

Diamond Foods, Inc.

Common and Preferred Stock 6,843 shares

193,178

 

Freshpet, Inc.

Common and Preferred Stock 11,286 shares

192,539

 

Therapeutics, Inc.

Common and Preferred Stock 3,700 shares

191,549

 

Universal Health Services, Inc.

Common and Preferred Stock 1,600 shares

178,016

 

Williams-Sonoma, Inc.

Common and Preferred Stock 2,329 shares

176,259

 

Boston Beer Inc. Class A

Common and Preferred Stock 600 shares

173,724

 

Gran Tierra Energy Inc.

Common and Preferred Stock 44,533 shares

171,452

 

Dril-Quip, Inc.

Common and Preferred Stock 2,207 shares

169,343

 

Jazz Pharmaceuticals plc

Common and Preferred Stock 1,000 shares

163,730

 

JetBlue Airways Corporation

Common and Preferred Stock 10,100 shares

160,186

 

Pacira Pharmaceuticals, Inc.

Common and Preferred Stock 1,800 shares

159,588

 

Incyte Corporation

Common and Preferred Stock 2,100 shares

153,531

 

Tenet Healthcare Corporation

Common and Preferred Stock 2,980 shares

150,997

 

Acorda Therapeutics, Inc.

Common and Preferred Stock 3,642 shares

148,849

 

Puma Biotechnology, Inc.

Common and Preferred Stock 780 shares

147,631

 

Inovio Pharmaceuticals, Inc.

Common and Preferred Stock 14,109 shares

129,521

 

43
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value

Angie's List, Inc.

Common and Preferred Stock 19,366 shares

120,650

 

ChemoCentryx, Inc.

Common and Preferred Stock 17,584 shares

120,099

 

The Habit Restaurants, Inc.

Common and Preferred Stock 3,600 shares

116,460

 

Ultra Petroleum Corporation

Common and Preferred Stock 8,378 shares

110,254

 

AAC Holdings, Inc.

Common and Preferred Stock 3,400 shares

105,128

 

Argos Therapeutics, Inc.

Common and Preferred Stock 10,066 shares

100,660

 

Tandem Diabetes Care, Inc.

Common and Preferred Stock 7,792 shares

98,958

 

DXP Enterprises, Inc.

Common and Preferred Stock 1,905 shares

96,260

 

Pandora Media, Inc.

Common and Preferred Stock 5,377 shares

95,872

 

Northern Oil & Gas, Inc.

Common and Preferred Stock 15,122 shares

85,439

 

Retailmenot, Inc.

Common and Preferred Stock 5,692 shares

83,217

 

Zoe's Kitchen, Inc.

Common and Preferred Stock 2,559 shares

76,540

 

Trupanion, Inc.

Common and Preferred Stock 10,284 shares

71,268

 

Cellular Dynamics International, Inc.

Common and Preferred Stock 6,530 shares

41,988

 

Paylocity Corporation

Common and Preferred Stock 1,117 shares

29,165

 
Total Small-Mid Cap Growth Asset Class
 
 
 
 
67,638,391

 
 
 
 
 
 
 
Small-Mid Cap Index Asset Class:
 
 
 
 
 
 
 NT Collective Extended Equity Market Index Fund - Non Lending*
 
Collective Trust Fund 1,717,422 units
 
248,253,418

 
Total Small-Mid Cap Index Asset Class
 
 
 
 
248,253,418

 
 
 
 
 
 
 
Small-Mid Cap Value Asset Class:







NT Collective Russell 2000 Value Index Fund - Non Lending*

Collective Trust Fund 140,147 units

33,044,822



NT Collective Short Term Investment Fund*

Collective Trust Fund 15,324,041 units

15,324,041


 
Popular, Inc.
 
Common and Preferred Stock 154,100 shares
 
5,247,105

 

Microsemi Corporation

Common and Preferred Stock 184,685 shares

5,241,356



Coherent, Inc.

Common and Preferred Stock 82,325 shares

4,998,774



Teradyne, Inc.

Common and Preferred Stock 242,745 shares

4,803,924



Orkla A/S

Common and Preferred Stock 700,770 shares

4,695,159



Elizabeth Arden, Inc.

Common and Preferred Stock 199,825 shares

4,274,257



PH Glatfelter Company

Common and Preferred Stock 165,670 shares

4,236,182



Arris Group, Inc.

Common and Preferred Stock 139,600 shares

4,214,524



Citizens Financial Group, Inc.

Common and Preferred Stock 162,600 shares

4,042,236



Willis Group Holdings

Common and Preferred Stock 90,100 shares

4,037,381



Great Plains Energy Inc.

Common and Preferred Stock 138,700 shares

3,940,467


 
Axis Capital Holdings Limited
 
Common and Preferred Stock 75,780 shares
 
3,871,600

 

SunTrust Banks, Inc.

Common and Preferred Stock 92,300 shares

3,867,370



Pacwest Bancorp Company

Common and Preferred Stock 83,895 shares

3,813,867



Bio-Rad Laboratories, Inc. Class A

Common and Preferred Stock 31,580 shares

3,807,285



Forestar Group Inc.

Common and Preferred Stock 246,195 shares

3,791,403



Public Service Enterprise Group Inc.

Common and Preferred Stock 91,300 shares

3,780,733



Goodyear Tire & Rubber Company

Common and Preferred Stock 127,900 shares

3,654,103



Reinsurance Group of America, Inc.

Common and Preferred Stock 41,570 shares

3,642,363



White Mountains Insurance Group, Ltd.

Common and Preferred Stock 5,700 shares

3,591,627



Treehouse Foods, Inc.

Common and Preferred Stock 41,755 shares

3,571,305



Brandywine Realty Trust

Common and Preferred Stock 222,255 shares

3,551,635



Mitel Networks Corporation

Common and Preferred Stock 332,105 shares

3,550,202



Lattice Semiconductor Company

Common and Preferred Stock 506,340 shares

3,488,683



Avnet, Inc.

Common and Preferred Stock 80,300 shares

3,454,506



Con-Way Inc.

Common and Preferred Stock 70,100 shares

3,447,518



Kohl's Corporation

Common and Preferred Stock 54,900 shares

3,351,096



Bruker Corporation

Common and Preferred Stock 170,245 shares

3,340,207



Regions Financial Corporation

Common and Preferred Stock 311,700 shares

3,291,552



Great Lakes Dredge & Dock Corporation

Common and Preferred Stock 376,800 shares

3,225,408



Western Alliance Bancorporation

Common and Preferred Stock 114,810 shares

3,191,718



Cobalt International Energy, Inc.

Common and Preferred Stock 355,300 shares

3,158,617



Kosmos Energy Limited

Common and Preferred Stock 348,100 shares

2,920,559



The Geo Group, Inc.

Common and Preferred Stock 71,000 shares

2,865,560



44
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value

Tri Pointe Homes, Inc.

Common and Preferred Stock 179,160 shares

2,732,190



The Laclede Group, Inc.

Common and Preferred Stock 50,515 shares

2,687,398



Unum Group

Common and Preferred Stock 73,000 shares

2,546,240



PHH Corporation

Common and Preferred Stock 106,200 shares

2,544,552



Scorpio Tankers Inc.

Common and Preferred Stock 289,900 shares

2,519,231



Albany International Corporation Class A

Common and Preferred Stock 65,687 shares

2,495,449



Avery Dennison Corporation

Common and Preferred Stock 47,315 shares

2,454,702



Staples, Inc.

Common and Preferred Stock 135,000 shares

2,446,200



Marten Transport Limited

Common and Preferred Stock 110,320 shares

2,411,595



Ramco-Gershenson Properties Trust

Common and Preferred Stock 126,460 shares

2,369,860



Louisiana-Pacific Corporation

Common and Preferred Stock 141,985 shares

2,351,272



Accuray Inc.

Common and Preferred Stock 310,700 shares

2,345,785



Bunge Limited

Common and Preferred Stock 25,400 shares

2,309,114



ON Semiconductor Corporation

Common and Preferred Stock 227,500 shares

2,304,575



Clearwater Paper Corporation

Common and Preferred Stock 32,800 shares

2,248,440



Inter Parfums, Inc.

Common and Preferred Stock 80,970 shares

2,222,627



CDW Corporation

Common and Preferred Stock 62,800 shares

2,208,676



Barrett Bill Corporation

Common and Preferred Stock 190,700 shares

2,172,073



Rambus Inc.

Common and Preferred Stock 195,170 shares

2,164,435



Pinnacle West Capital Corporation

Common and Preferred Stock 31,650 shares

2,162,012



Bed Bath & Beyond Inc.

Common and Preferred Stock 28,200 shares

2,147,994



MDC Partners Inc. Class A

Common and Preferred Stock 94,000 shares

2,135,680



Orbital Sciences Corporation

Common and Preferred Stock 77,730 shares

2,090,160



Ophir Energy Company

Common and Preferred Stock 469,500 shares

2,071,763



Woodward, Inc.

Common and Preferred Stock 41,235 shares

2,029,999



Astronics Corporation

Common and Preferred Stock 36,526 shares

2,020,253



PrivateBancorp, Inc.

Common and Preferred Stock 60,130 shares

2,008,342



Central Pacific Financial Corporation

Common and Preferred Stock 91,200 shares

1,960,800



Materion Corporation

Common and Preferred Stock 53,245 shares

1,875,821



Capital Bank Financial Corporation

Common and Preferred Stock 69,225 shares

1,855,230



EnerSys

Common and Preferred Stock 29,410 shares

1,815,185



Humana Inc.

Common and Preferred Stock 12,600 shares

1,809,738



Dresser-Rand Group Inc.

Common and Preferred Stock 21,900 shares

1,791,420



CNO Financial Group, Inc.

Common and Preferred Stock 104,000 shares

1,790,880



FelCor Lodging Trust Inc.

Common and Preferred Stock 165,500 shares

1,790,710



Maiden Holdings Limited

Common and Preferred Stock 138,300 shares

1,768,857



Approach Resources Inc.

Common and Preferred Stock 274,900 shares

1,756,611



Meadowbrook Insurance Group, Inc.

Common and Preferred Stock 205,900 shares

1,741,914



Deltic Timber Corporation

Common and Preferred Stock 25,325 shares

1,732,230


 
JDS Uniphase Corporation
 
Common and Preferred Stock 123,810 shares
 
1,698,673

 

Employers Holdings, Inc.

Common and Preferred Stock 72,000 shares

1,692,720



Libbey, Inc.

Common and Preferred Stock 53,800 shares

1,691,472



Fidelity and Guaranty Life

Common and Preferred Stock 66,100 shares

1,604,247



Interpublic Group Companies, Inc.

Common and Preferred Stock 75,100 shares

1,559,827



Gramercy Property Trust Inc.

Common and Preferred Stock 221,800 shares

1,530,420



First Horizon National Corporation

Common and Preferred Stock 112,201 shares

1,523,690



Silicon Image, Inc.

Common and Preferred Stock 273,200 shares

1,508,064



Global Power Equipment Group Inc.

Common and Preferred Stock 109,000 shares

1,505,290



NRG Energy, Inc.

Common and Preferred Stock 55,400 shares

1,493,030



Exar Corporation

Common and Preferred Stock 146,300 shares

1,492,260



Lear Corporation

Common and Preferred Stock 15,100 shares

1,481,008



Comstock Resources, Inc.

Common and Preferred Stock 211,800 shares

1,442,358



Kennedy-Wilson Holdings, Inc.

Common and Preferred Stock 56,900 shares

1,439,570



WESCO International, Inc.

Common and Preferred Stock 18,475 shares

1,407,980



Matthews International Corporation Class A

Common and Preferred Stock 28,800 shares

1,401,696



Office Depot, Inc.

Common and Preferred Stock 161,500 shares

1,384,863



Northfield Bancorp Inc.

Common and Preferred Stock 93,417 shares

1,382,572



Cairn Energy plc

Common and Preferred Stock 251,000 shares

1,367,950



45
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value

United Community Bank Blairsville Georgia

Common and Preferred Stock 70,604 shares

1,337,240



Actuant Corporation

Common and Preferred Stock 48,935 shares

1,332,989



Landec Corporation

Common and Preferred Stock 96,500 shares

1,332,665



Generac Holdings Inc.

Common and Preferred Stock 28,100 shares

1,313,956



Digi International Inc.

Common and Preferred Stock 138,800 shares

1,289,452



Rouse Properties, Inc.

Common and Preferred Stock 68,300 shares

1,264,916



H & R Block, Inc.

Common and Preferred Stock 37,500 shares

1,263,000



Omnicom Group Inc.

Common and Preferred Stock 16,300 shares

1,262,761



Alleghany Corporation

Common and Preferred Stock 2,700 shares

1,251,450



CA, Inc.

Common and Preferred Stock 40,900 shares

1,245,405



Rent-A-Center, Inc.

Common and Preferred Stock 33,700 shares

1,223,984



Marvell Technology Group Limited

Common and Preferred Stock 84,200 shares

1,220,900



Verifone Systems, Inc.

Common and Preferred Stock 32,685 shares

1,215,882



Symantec Corporation

Common and Preferred Stock 47,300 shares

1,213,482



Customers Bancorp, Inc.

Common and Preferred Stock 61,800 shares

1,202,628



Highwoods Properties, Inc.

Common and Preferred Stock 27,000 shares

1,195,560



Citigroup Inc.

Common and Preferred Stock 24,700 shares

1,181,401



Teradata Corporation

Common and Preferred Stock 26,700 shares

1,166,256



FBR & Co. formerly FBR Capital Markets Corporation

Common and Preferred Stock 46,786 shares

1,150,468



Euronet Worldwide, Inc.

Common and Preferred Stock 20,950 shares

1,150,155



Old Republic International Company

Common and Preferred Stock 78,600 shares

1,149,918



Graftech International Limited

Common and Preferred Stock 226,400 shares

1,145,584



Stealthgas Inc.

Common and Preferred Stock 178,900 shares

1,128,859



FreightCar America, Inc.

Common and Preferred Stock 42,900 shares

1,128,699



News Corporation Class A

Common and Preferred Stock 71,500 shares

1,121,835



Embraer SA

Common and Preferred Stock 29,700 shares

1,094,742



Calpine Corporation

Common and Preferred Stock 49,200 shares

1,088,796



Jazz Pharmaceuticals plc

Common and Preferred Stock 6,630 shares

1,085,530



Ciber, Inc.

Common and Preferred Stock 305,200 shares

1,083,460



UIL Corporation

Common and Preferred Stock 23,600 shares

1,027,544



Cedar Realty Trust, Inc.

Common and Preferred Stock 138,600 shares

1,017,324



FTI Consulting, Inc.

Common and Preferred Stock 26,300 shares

1,015,969



Navistar International Corporation

Common and Preferred Stock 29,500 shares

987,660



KBR, Inc.

Common and Preferred Stock 58,100 shares

984,795



K12 Inc.

Common and Preferred Stock 80,700 shares

957,909



MYR Group Inc.

Common and Preferred Stock 34,600 shares

948,040



Catchmark Timber Trust, Inc.

Common and Preferred Stock 83,600 shares

946,352



Kofax Limited

Common and Preferred Stock 133,200 shares

936,396



Cadiz Inc.

Common and Preferred Stock 82,800 shares

927,360



WellCare Health Plans, Inc.

Common and Preferred Stock 11,300 shares

927,278



Santander Consumer USA Holdings, Inc.

Common and Preferred Stock 46,900 shares

919,709



Best Buy Co., Inc.

Common and Preferred Stock 23,500 shares

916,030



Nuverra Environmental Solutions, Inc.

Common and Preferred Stock 162,200 shares

900,210



Fresh Del Monte Produce Inc.

Common and Preferred Stock 26,700 shares

895,785



Stanley Black & Decker, Inc.

Common and Preferred Stock 9,300 shares

893,544



Nelnet, Inc. Class A

Common and Preferred Stock 19,200 shares

889,536



The Western Union Company

Common and Preferred Stock 49,200 shares

881,172



McDermott International, Inc.

Common and Preferred Stock 300,100 shares

873,291



Extreme Networks, Inc.

Common and Preferred Stock 247,100 shares

872,263



State Bank Financial Corporation

Common and Preferred Stock 43,300 shares

865,134



Titan Machinery Inc.

Common and Preferred Stock 61,100 shares

851,734



FXCM Inc.

Common and Preferred Stock 50,400 shares

835,128



The Hanover Insurance Group, Inc.

Common and Preferred Stock 11,700 shares

834,444



Zions Bancorporation

Common and Preferred Stock 29,100 shares

829,641



Chiquita Brands International, Inc.

Common and Preferred Stock 57,300 shares

828,558



Ingram Micro Inc. Class A

Common and Preferred Stock 29,800 shares

823,672



Piedmont Natural Gas Company, Inc.

Common and Preferred Stock 20,700 shares

815,787



Plantronics, Inc.

Common and Preferred Stock 15,200 shares

805,904



46
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value

Dot Hill System Corporation

Common and Preferred Stock 179,700 shares

794,274



Winthrop Realty Trust Common Shares of Beneficial Interest

Common and Preferred Stock 50,800 shares

791,972



Vitamin Shoppe, Inc.

Common and Preferred Stock 15,900 shares

772,422



Computer Task Group Inc.

Common and Preferred Stock 80,700 shares

769,071

 

Starwood Property Trust, Inc.

Common and Preferred Stock 32,600 shares

757,624



Tutor Perini Corporation

Common and Preferred Stock 30,700 shares

738,949



PRGX Global, Inc.

Common and Preferred Stock 128,500 shares

735,020



Navigator Holdings Limited

Common and Preferred Stock 34,900 shares

734,994



Investors Bancorp, Inc.

Common and Preferred Stock 64,800 shares

727,380



Excel Trust, Inc.

Common and Preferred Stock 52,700 shares

705,653



Portland General Electric Company

Common and Preferred Stock 17,900 shares

677,157



Aegion Corporation

Common and Preferred Stock 36,300 shares

675,543



Kemper Corporation

Common and Preferred Stock 18,400 shares

664,424



Viewpoint Financial Group

Common and Preferred Stock 27,600 shares

658,260



Air Transport Services Group, Inc.

Common and Preferred Stock 76,400 shares

653,984



Xcerra Corporation

Common and Preferred Stock 71,100 shares

651,276



Allison Transmission Holdings, Inc.

Common and Preferred Stock 19,200 shares

650,880



Cloud Peak Energy Inc.

Common and Preferred Stock 70,200 shares

644,436



WSFS Financial Corporation

Common and Preferred Stock 8,100 shares

622,809



Orion Marine Group, Inc.

Common and Preferred Stock 56,100 shares

619,905



Alere Inc. formerly Inverness Medical Innovations, Inc.

Common and Preferred Stock 16,200 shares

615,600



Diodes Inc.

Common and Preferred Stock 22,300 shares

614,811



KAR Auction Services, Inc.

Common and Preferred Stock 17,550 shares

608,108



Medley Management Inc.

Common and Preferred Stock 41,200 shares

605,640



Rockwell Collins, Inc.

Common and Preferred Stock 7,100 shares

599,808



Fidelity National Financial, Inc.

Common and Preferred Stock 37,900 shares

596,546



Owens Corning

Common and Preferred Stock 16,400 shares

587,284



Chesapeake Utilities Corporation

Common and Preferred Stock 11,800 shares

585,988



MKS Instruments

Common and Preferred Stock 15,915 shares

582,489



Celadon Group, Inc.

Common and Preferred Stock 25,200 shares

571,788



JetBlue Airways Corporation

Common and Preferred Stock 36,000 shares

570,960



Aspen Insurance Holdings Limited

Common and Preferred Stock 13,000 shares

569,010



Finisar Corporation

Common and Preferred Stock 29,300 shares

568,713



Empire District Electronic Company

Common and Preferred Stock 18,900 shares

562,086



CYS Investments, Inc.

Common and Preferred Stock 64,000 shares

558,080



American Capital Mortgage Investment Corporation

Common and Preferred Stock 28,800 shares

542,592


 
ICF International, Inc.
 
Common and Preferred Stock 13,200 shares
 
540,936

 
 
Natus Medical Inc.
 
Common and Preferred Stock 15,000 shares
 
540,600

 
 
LifePoint Hospitals, Inc.
 
Common and Preferred Stock 7,500 shares
 
539,325

 
 
Two Harbors Investment Corporation
 
Common and Preferred Stock 53,600 shares
 
537,072

 
 
Shoe Carnival, Inc.
 
Common and Preferred Stock 20,800 shares
 
534,352

 
 
Hatteras Financial Corporation
 
Common and Preferred Stock 28,800 shares
 
530,784

 
 
Rowan Companies PLC
 
Common and Preferred Stock 22,400 shares
 
522,368

 
 
Aegean Marine Petroleum Network Inc.
 
Common and Preferred Stock 36,400 shares
 
510,328

 
 
Carpenter Technology Corporation
 
Common and Preferred Stock 10,200 shares
 
502,350

 
 
NovaGold Resources Inc.
 
Common and Preferred Stock 169,700 shares
 
500,615

 
 
Tetra Tech, Inc.
 
Common and Preferred Stock 74,800 shares
 
499,664

 
 
Crocs, Inc.
 
Common and Preferred Stock 37,600 shares
 
469,624

 
 
Scorpio Bulkers Inc.
 
Common and Preferred Stock 234,500 shares
 
461,965

 
 
Trinity Biotech PLC
 
Common and Preferred Stock 26,000 shares
 
455,260

 
 
Primoris Services Corporation
 
Common and Preferred Stock 18,400 shares
 
427,616

 
 
Cross Country Healthcare, Inc.
 
Common and Preferred Stock 32,900 shares
 
410,592

 

THL Credit, Inc.

Common and Preferred Stock 34,400 shares

404,544



Universal Corporation

Common and Preferred Stock 8,900 shares

391,422



LGI Homes, Inc.

Common and Preferred Stock 23,800 shares

355,096



Rand Logistics, Inc.

Common and Preferred Stock 89,570 shares

353,802



Ultratech, Inc.

Common and Preferred Stock 17,300 shares

321,088



GNC Holdings, Inc.

Common and Preferred Stock 6,800 shares

319,328



47
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value

Destination XL Group, Inc.

Common and Preferred Stock 52,300 shares

285,558



MRC Global Inc.

Common and Preferred Stock 15,600 shares

236,340



Saba Software, Inc.

Common and Preferred Stock 19,400 shares

158,304



Resolute Energy Corporation

Common and Preferred Stock 100,100 shares

132,132



Symmetry Surgical Inc.

Common and Preferred Stock 14,975 shares

116,655



Comverse, Inc.

Common and Preferred Stock 5,660 shares

106,295


 
North Atlantic Drilling Company
 
Common and Preferred Stock 39,200 shares
 
63,896

 
 
Bravo Brio Restaurant Group, Inc.
 
Common and Preferred Stock 1,627 shares
 
22,632

 
Total Small-Mid Cap Value Asset Class





386,513,069









Notes Receivable from Participants*
 
Interest Rate 4.25% - 10.74%
 
 
39,160,420

 
 
 
 
 
 
 
Other:







BIF Money Fund*

Cash and Cash Equivalents 3,352,332 units

3,532,332



NT Collective Short Term Investment Fund*

Collective Trust Fund 190,533 units

190,533


Total Other





3,722,865








$
4,234,237,477

 
 
 
 
 
 
 
 
 
 
 
 
* Indicates party-in-interest
 
 
 
 


48

Supplemental Schedule
Amgen Retirement and Savings Plan
EIN: 95-3540776 Plan: #001
Year Ended December 31, 2014

Schedule H, line 4i – Schedule of Assets (Acquired and Disposed of Within Year)
 
 
 
 
Identity of Issue
Description of Investment
Proceeds of
Dispositions
 
 
 
 Building Materials Corporation 7.5% Due 03/15/2020
Corporate Bond 235,000 units
$
249,408

 Asbury Automotive Group Inc. 8.375% Due 11/15/2020
Corporate Bond 200,000 units
222,858

 1st Quantum 7.25% Due 05/15/2022
Corporate Bond 200,000 units
207,000

 PVH Corporation 4.5% Due 12/15/2022
Corporate Bond 140,000 units
138,775

 HCA Inc 3.75% Due 03/15/2019
Corporate Bond 120,000 units
120,150

 Suburban Propane Partners, LP 5.5% Due 06/01/2024
Corporate Bond 105,000 units
106,706

 Beverages & More 10% Due 11/15/2018
Corporate Bond 100,000 units
102,500

 Delta Dutch Newco BV Term Loan Due 03/11/2021
Corporate Bond 100,000 units
100,750

 Dish Corporation 5% Due 03/15/2023
Corporate Bond 95,000 units
92,675

 Citigroup Inc. 3.875% Due 02/19/2019
Corporate Bond 90,000 units
90,495

 WPX Energy Inc. 5.25% Due 09/15/2024
Corporate Bond 85,000 units
83,713

 Jaguar Land Rover PLC 4.25% Due 11/15/2019
Corporate Bond 80,000 units
81,000

 Clearwater Paper Corporation 5.375% Due 02/01/2025
Corporate Bond 80,000 units
79,944

 United Rentals North America Inc. 9.25% Due 12/15/2019
Corporate Bond 70,000 units
77,286

 Florida East Coast Holdings 10.5% Due 08/01/2017
Corporate Bond 65,000 units
67,185

 United Rentals North America Inc. 5.75% Due 11/15/2024
Corporate Bond 50,000 units
52,150

 Constellation Brands Inc. 3.875% Due 11/15/2019
Corporate Bond 50,000 units
50,750

 ADT Corporation 4.8125% Due 04/15/2019
Corporate Bond 50,000 units
49,875

 Oasis Pete Inc. 6.5% Due 11/01/2021
Corporate Bond 40,000 units
34,300

 Dish Corporation 4.25% Due 04/01/2018
Corporate Bond 30,000 units
30,375

 Waterjet Holdings Inc. 7.625% Due 02/01/2020
Corporate Bond 15,000 units
15,313



49

Supplemental Schedule
Amgen Retirement and Savings Plan
EIN: 95-3540776 Plan Number: #001
December 31, 2014

Schedule G, Part 1 – Schedule of Loans or Fixed Income Obligations in Default
or Classified as Uncollectible

Identity of obligor
 
Original
amount of
loan
(cost of
security)
 
Unpaid balance
at end of year
(fair value of
security)
 
Detailed description of loan including dates of making and maturity, interest rate, the type and value of collateral, any renegotiation of the loan and the terms of the renegotiation and other
material items (description of fixed income obligation)
 
Amount of
principal
overdue
 
Amount of
interest
overdue
Kaupthing Bank
 
$
259,613

 
$
67,425

 
Corporate bonds 310,000 units 7.625% due 12/31/2040
 
$
—

 
$
141,825

Glitnir Banki HF
 
99,776

 
29,500

 
Corporate bonds 100,000 units 6.375% due 9/25/2012
 
100,000

 
38,250

Exide Technologies
 
264,950

 
19,988

 
Corporate bonds 410,000 units 8.625% due 2/1/2018
 
—

 
40,969



50

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
 
 
 Amgen Retirement and Savings Plan
 (Name of Plan)
 
 
 
 
 
 
 
Date:
June 15, 2015
 
 
By:
 
/s/ DAVID W. MELINE
 
 
 
 
 
 
David W. Meline
 
 
 
 
 
 
Executive Vice President and
 
 
 
 
 
 
Chief Financial Officer
 
 
 
 
 
 
Amgen Inc.

51

AMGEN RETIREMENT AND SAVINGS PLAN
INDEX TO EXHIBIT
 
Consent of Independent Registered Public Accounting Firm
  
Exhibit 23.1

52