UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 11-K
FOR ANNUAL REPORTS OF EMPLOYEE STOCK PURCHASE, SAVINGS AND
SIMILAR PLANS PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
(Mark One)
x | Annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934 |
For the fiscal year ended December 31, 2015
Or
¨ | Transition report pursuant to Section 15(d) of the Securities Exchange Act of 1934 |
For the transition period from to
Commission file number 001-5231
A. | Full title of the plan and the address of the plan, if different from that of the issuer named below. |
McDONALDS CORPORATION PROFIT SHARING AND SAVINGS PLAN
B. | Name of issuer of the securities held pursuant to the plan and the address of its principal executive office. |
McDonalds Corporation
McDonalds Plaza
Oak Brook, Illinois 60523
McDONALDS CORPORATION
PROFIT SHARING AND SAVINGS PLAN
FINANCIAL STATEMENTS
December 31, 2015 and 2014
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
McDonalds Corporation
Profit Sharing Administrative Committee
Oak Brook, Illinois
We have audited the accompanying statements of net assets available for benefits of the McDonalds Corporation Profit Sharing and Savings Plan as of December 31, 2015 and 2014, and the related statement of changes in net assets available for benefits for the year ended December 31, 2015. These financial statements are the responsibility of the Plans management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as 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 as of December 31, 2015 and 2014, and the changes in net assets available for benefits for the year ended December 31, 2015 in conformity with U.S. generally accepted accounting principles.
The supplemental Schedule H, Line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2015 has been subjected to audit procedures performed in conjunction with the audit of McDonalds Corporation Profit Sharing and Savings Plans financial statements. The supplemental schedule is the responsibility of the Plans management. Our audit procedures included determining whether the information presented in the supplemental schedule 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 schedule. In forming our opinion on the supplemental schedule, we evaluated whether the supplemental schedule, including its form and content, is presented in conformity with the Department of Labors Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental schedule is fairly stated in all material respects in relation to the financial statements as a whole.
/s/ Crowe Horwath LLP
Oak Brook, Illinois
June 21, 2016
1.
McDONALDS CORPORATION PROFIT SHARING AND SAVINGS PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS
December 31, 2015
(Amounts in thousands)
Participant- | ESOP | |||||||||||||||
Directed Investments |
Allocated Account |
Unallocated Account |
Total 2015 |
|||||||||||||
ASSETS |
||||||||||||||||
Investments, at fair value |
||||||||||||||||
Cash |
$ | 2 | $ | | $ | | $ | 2 | ||||||||
US Treasury Securities |
20,978 | | | 20,978 | ||||||||||||
Mortgage backed securities |
24,985 | | | 24,985 | ||||||||||||
Corporate bonds |
11,104 | | | 11,104 | ||||||||||||
Mutual funds |
227,659 | | | 227,659 | ||||||||||||
American depository receipts and common stock other than McDonalds Corporation common stock |
307,420 | | | 307,420 | ||||||||||||
McDonalds Corporation common stock |
885,135 | 351,711 | 60,111 | 1,296,957 | ||||||||||||
Collective funds |
824,749 | 5,691 | 970 | 831,410 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total investments, at fair value |
2,302,032 | 357,402 | 61,081 | 2,720,515 | ||||||||||||
Investments, at contract value |
451,928 | | | 451,928 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total investments |
2,753,960 | 357,402 | 61,081 | 3,172,443 | ||||||||||||
Receivables |
||||||||||||||||
Company contributions |
13,548 | | | 13,548 | ||||||||||||
Accrued income |
481 | | | 481 | ||||||||||||
Pending trades due from brokers |
423 | | | 423 | ||||||||||||
Interfund receivables |
148 | (148 | ) | | | |||||||||||
Participant loans |
33,311 | | | 33,311 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total receivables |
47,911 | (148 | ) | | 47,763 | |||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total assets |
2,801,871 | 357,254 | 61,081 | 3,220,206 | ||||||||||||
LIABILITIES |
||||||||||||||||
Management expenses payable |
695 | | | 695 | ||||||||||||
Pending trades due to brokers |
5,568 | | | 5,568 | ||||||||||||
Accrued interest expense |
| | 301 | 301 | ||||||||||||
Notes payable |
| | 9,233 | 9,233 | ||||||||||||
Other liabilities |
2,005 | 10 | | 2,015 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total liabilities |
8,268 | 10 | 9,534 | 17,812 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
NET ASSETS AVAILABLE FOR BENEFITS |
$ | 2,793,603 | $ | 357,244 | $ | 51,547 | $ | 3,202,394 | ||||||||
|
|
|
|
|
|
|
|
See accompanying notes to financial statements.
2.
McDONALDS CORPORATION PROFIT SHARING AND SAVINGS PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS
December 31, 2014
(Amounts in thousands)
Participant- | ESOP | |||||||||||||||
Directed Investments |
Allocated Account |
Unallocated Account |
Total 2014 |
|||||||||||||
ASSETS |
||||||||||||||||
Investments, at fair value |
||||||||||||||||
US Treasury securities |
$ | 31,582 | $ | | $ | | $ | 31,582 | ||||||||
Mortgage backed securities |
16,519 | | | 16,519 | ||||||||||||
Corporate bonds |
7,006 | | | 7,006 | ||||||||||||
Mutual funds |
274,031 | | | 274,031 | ||||||||||||
American depository receipts and common stock other than McDonalds Corporation common stock |
335,716 | | | 335,716 | ||||||||||||
McDonalds Corporation common stock |
763,217 | 312,045 | 83,480 | 1,158,742 | ||||||||||||
Collective funds |
889,944 | 5,161 | 1,586 | 896,691 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total investments, at fair value |
2,318,015 | 317,206 | 85,066 | 2,720,287 | ||||||||||||
Investments, at contract value |
456,327 | | | 456,327 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total investments |
2,774,342 | 317,206 | 85,066 | 3,176,614 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Receivables |
||||||||||||||||
Company contributions |
14,678 | | | 14,678 | ||||||||||||
Accrued income |
541 | | | 541 | ||||||||||||
Pending trades due from brokers |
5,281 | | | 5,281 | ||||||||||||
Other receivables |
25 | | | 25 | ||||||||||||
Interfund receivables |
76 | (76 | ) | | | |||||||||||
Participant loans |
34,349 | | | 34,349 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total receivables |
54,950 | (76 | ) | | 54,874 | |||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total assets |
2,829,292 | 317,130 | 85,066 | 3,231,488 | ||||||||||||
LIABILITIES |
||||||||||||||||
Management expenses payable |
671 | | | 671 | ||||||||||||
Pending trades due to brokers |
14,322 | | | 14,322 | ||||||||||||
Accrued interest expense |
| | 521 | 521 | ||||||||||||
Notes payable |
| | 15,971 | 15,971 | ||||||||||||
Other liabilities |
2,215 | 220 | | 2,435 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total liabilities |
17,208 | 220 | 16,492 | 33,920 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
NET ASSETS AVAILABLE FOR BENEFITS |
$ | 2,812,084 | $ | 316,910 | $ | 68,574 | $ | 3,197,568 | ||||||||
|
|
|
|
|
|
|
|
See accompanying notes to financial statements.
3.
McDONALDS CORPORATION PROFIT SHARING AND SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
Year ended December 31, 2015
(Amounts in thousands)
Participant- | ESOP | |||||||||||||||
Directed Investments |
Allocated Account |
Unallocated Account |
Total 2015 |
|||||||||||||
Additions to net assets attributed to: |
||||||||||||||||
Net appreciation in fair value of investments |
$ | 162,117 | $ | 75,527 | $ | 14,171 | $ | 251,815 | ||||||||
Interest Income |
11,380 | 4 | | 11,384 | ||||||||||||
Dividends |
34,206 | 10,767 | 2,268 | 47,241 | ||||||||||||
Revenue Sharing |
80 | | | 80 | ||||||||||||
Commission recapture |
5 | | | 5 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Net investment income |
207,788 | 86,298 | 16,439 | 310,525 | ||||||||||||
Contributions |
||||||||||||||||
Company |
39,027 | 15,130 | 4,870 | 59,027 | ||||||||||||
Participant |
52,277 | | | 52,277 | ||||||||||||
Rollovers |
3,631 | | | 3,631 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total contributions |
94,935 | 15,130 | 4,870 | 114,935 | ||||||||||||
Interfund transfers-in |
30,696 | | | 30,696 | ||||||||||||
Participant loan interest income |
1,335 | | | 1,335 | ||||||||||||
Other |
102 | | | 102 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total net additions |
334,856 | 101,428 | 21,309 | 457,593 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Deductions from net assets attributed to: |
||||||||||||||||
Benefits paid to terminated participants and withdrawals |
349,902 | 30,342 | | 380,244 | ||||||||||||
Management and administrative expenses |
3,346 | 56 | | 3,402 | ||||||||||||
Interfund transfers-out |
| 30,696 | | 30,696 | ||||||||||||
Interest expense |
| | 796 | 796 | ||||||||||||
Company matching with profit sharing forfeitures |
89 | | | 89 | ||||||||||||
Company matching with ESOP shares |
| | 37,540 | 37,540 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total deductions |
353,337 | 61,094 | 38,336 | 452,767 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Net increase/decrease |
(18,481 | ) | 40,334 | (17,027 | ) | 4,826 | ||||||||||
Net assets available for benefits |
||||||||||||||||
Beginning of year |
2,812,084 | 316,910 | 68,574 | 3,197,568 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
End of year |
$ | 2,793,603 | $ | 357,244 | $ | 51,547 | $ | 3,202,394 | ||||||||
|
|
|
|
|
|
|
|
See accompanying notes to financial statements.
4.
McDONALDS CORPORATION PROFIT SHARING AND SAVINGS PLAN
December 31, 2015 and 2014
NOTE 1 - DESCRIPTION OF PLAN
General: The McDonalds Corporation Profit Sharing and Savings Plan (the Plan) was amended and restated in its entirety as of January 1, 2015. The Plan has been amended one time subsequent to this date, on December 10, 2015.
The Plan is administered by a committee of officers (Administrative Committee) appointed by the Chief Executive Officer of McDonalds Corporation (the Company or McDonalds). Participants should refer to the Summary Plan Description and Prospectus for a complete description and up-to-date information.
Eligibility: In order to participate in the 401(k) feature of the Plan, all eligible employees must be at least 21 years of age, have a valid Social Security number, and be on the U.S. payroll of the Company or a participating employer. The term Company includes McDonalds Corporation and all participating employers in describing eligibility and contributions below.
Restaurant management employees and staff employees (including part-time staff employees) are eligible to make 401(k) contributions, up to 50% of eligible compensation, beginning the first day of the month after completing one full calendar month of employment. All other employees are eligible to make 401(k) contributions after one year of eligibility service as defined by the Plan document. Restaurant management employees, who are not contributing to the Plan, are enrolled automatically at a 1% contribution level as soon as they have completed one year of service and attained age 21. Matching contributions are provided to eligible employees after one year of eligibility service as defined by the Plan document.
Contributions: Each year, participants may contribute up to 50% of their eligible pre-tax annual compensation, as defined by the Plan subject to Internal Revenue Service (IRS) annual limits. Highly compensated employees under IRS rules are not able to make 401(k) contributions in their second calendar year of employment until the first of the month on or after they complete one anniversary year with at least 1,000 hours of service under the Plan.
Participants who have attained age 50 before the end of the Plan year are eligible to make catch-up contributions subject to IRS limits, and in addition, may contribute more than 50% if payroll tax and other withholding requirements are met. In accordance with Plan procedures, participants may roll over money into the Plan if it is from a: Qualified Plan, Section 403(b) tax-sheltered annuity plan, Section 457 deferred compensation plan of a state or local government entity, SIMPLE 401(k) plan, Section 403(a) annuity plan, Traditional IRA, SIMPLE IRA with at least two years participation, IRA set up to receive a distribution from an eligible employer plan or Federal thrift plan under section 7701(j).
Participants direct the investment of their contributions and Company contributions into various investment options offered by the Plan. The investment funds under the Plan are Stable Value Fund, Intermediate Bond Fund, Global Bond Fund, Blended Stock/Bond Fund, Diversified Stock Fund, S&P 500 Index Fund, International Stock Fund, International Stock Index Fund, Real Estate Securities Fund, Small Cap Index Fund, Aggressive Stock Fund, McDonalds Common Stock Fund, and the McDonalds ESOP Stock Fund. No more than 20% of a participants future 401(k) contributions may be invested in the McDonalds Common Stock Fund.
The Company matches (after one year of eligibility service and attainment of age 21) 300% of the first 1% of eligible compensation (as defined by the Plan) and 100% of the next 4% of eligible compensation that a participant contributes to the Plan. ESOP shares, to the extent available, are used to make matching contributions.
A discretionary profit-sharing match may be contributed at the option of the Compensation Committee of the Board of Directors of the Company (the Board). For the year ended December 31, 2015, the Board approved a 2% discretionary profit sharing match to the Plan. The discretionary match was contributed after the end of the year, and allocated to participants eligible to share in matching contributions based on participant 401(k) contributions up to 1% of eligible compensation.
(Continued)
5.
McDONALDS CORPORATION PROFIT SHARING AND SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2015 and 2014
NOTE 1 - DESCRIPTION OF PLAN (Continued)
Participant Accounts: Participants can elect, on a daily basis, to have their account balances, as well as future deferrals and Company contributions, invested in 1% increments in one or any combination of the Plans investment funds, including Company stock. A participant may change how his/her existing account balance is invested at any time, but a participant may not transfer any amount into and out of the same fund more than two times within any rolling 90 day period. Participants are always able to transfer out of any fund into the Stable Value Fund even if they exceed this limit. For participants who are automatically enrolled, all contributions to the plan, both participant and company contributions, are invested in the Blended Stock/Bond Fund and after 30 days are managed by Guided Choice, a managed account provider, unless the participant makes an investment election.
Each participants account is credited with the participants contribution and allocations of (a) the Companys matching contribution and discretionary profit sharing match (if any) and (b) Plan earnings, and charged with an allocated portion of investment expenses. Allocations are based on participant earnings or account balances as defined in the Plan.
Leveraged Employee Stock Ownership Plan (Leveraged ESOP): In September 1989, the Leveraged ESOP borrowed $200 million and used the proceeds of the loan to purchase 27,826,084 shares of McDonalds Series B Convertible Preferred Stock. The Preferred shares were redeemed by the Company for Common Stock in 1992 and 1995. In April 1991, the leveraged ESOP borrowed $100 million to purchase 12,075,468 shares of McDonalds Series C Convertible Preferred Stock, which were redeemed by the Company for Common Stock in 1995.
The Company is required to make sufficient cash contributions to the Plan to pay the principal and interest on the loans. Released ESOP shares are used to make matching Company allocations. The ESOP shares allocated to participant accounts are held by The Northern Trust Company (Northern Trust), the trustee of the Plan (Trustee). The unallocated ESOP shares are also held at Northern Trust as collateral for loans from the Company to the Plan. Unallocated ESOP dividends are invested in an interest-bearing account until the note payment is due. In 1999, the Leveraged ESOP loans were refinanced as discussed in Note 5, so that the last loan payment and allocation of ESOP Common Stock will occur in 2018.
During 2015, 382,121 shares were released from the unallocated ESOP shares with a fair value of approximately $37,540,000.
Vesting: All participants accounts under the Plan are 100% vested.
Diversification: All participants can elect to fully diversify all accounts in the Plan.
Loans: Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of their vested balance reduced by the participants highest outstanding loan balance during the preceding 12-month period. All loans are currently subject to a $75 processing fee. Loan terms range from 12 months up to 4.5 years. Participants may not have more than one loan from the Plan outstanding at any time. The loans are secured by the balance in the participants account and bear interest based on the prime rate in effect on the first day of the month in which the loan is requested, plus 1%. Principal and interest are paid ratably through payroll deductions.
Payment of Benefits: Participants who terminate their employment with the Company and all other companies or entities that are owned or controlled 80% or more by the Company are entitled to receive the balance in their Plan accounts within a reasonable time following their termination. A terminated participant with benefits in excess of $1,000 will not receive a distribution from the Plan until age 70 1/2 unless an earlier distribution is elected.
(Continued)
6.
McDONALDS CORPORATION PROFIT SHARING AND SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2015 and 2014
NOTE 1 - DESCRIPTION OF PLAN (Continued)
Such accounts will continue to share in the allocation of investment income, and accounts will continue to be invested in accordance with the participants investment elections (See Note 1, Contributions). Distributions may be in the form of a lump sum or installment payments or a combination of lump sum and installment payments.
Participants who terminate employment after satisfying the requirements to make deferrals and are subsequently rehired can resume making deferrals as soon as administratively feasible.
Forfeitures: Amounts unclaimed for two years are considered forfeitures. These forfeitures, resulting from unclaimed amounts, are used to make a portion of the Company contribution.
In-Service Withdrawals: Participants 59 1/2 or older and terminated participants may withdraw all or any part of their account balances under the Plan at any time. Participants may also withdraw up to 100% of their ESOP, Profit Sharing, Investment Savings, Stock Sharing, and Rollover accounts at any time.
Pass Through Dividend Election: Participants may choose whether dividends earned on shares of McDonalds common stock will be paid directly to them in cash or reinvested in their accounts in McDonalds stock.
Voting: Participants may direct the Trustee to vote shares of McDonalds stock credited to their accounts as well as those shares not voted by other participants and unallocated shares held in the ESOP feature of the Plan.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Accounting: The financial statements of the Plan are prepared on the accrual basis of accounting.
Use of Estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Administrative Committee to make estimates and assumptions that affect the reported amounts of assets, liabilities, and changes therein, and disclosure of contingent assets and liabilities. Actual results could differ from those estimates.
Reclassifications: Certain amounts have been reclassified to conform to the current year presentation.
Adoption of New Accounting Standards: In May and July 2015, the Financial Accounting Standards Board (FASB) amended existing guidance related to the measurement and reporting disclosure of fully benefit-responsive investment contracts (FBRICs) and certain investment disclosures. The new guidance requires FBRICs to be measured, presented, and disclosed only at contract value. Adoption of the new guidance resulted in removal of FBRICs and investments for which fair value is measured at net asset value (or its equivalent) from the fair value hierarchy, the reporting of investments within the fair value hierarchy by general type rather than by classes of investments, and other changes in investment disclosure requirements. The new guidance also eliminates the need to disclose individual investments with a value equal to or greater than 5% of net assets available for benefits and simplifies the disclosure of net appreciation or depreciation in fair value of investments. The Plan elected early adoption of these standards, each of which requires retrospective application to all periods presented. The adoption of these standards had no effect on the Plans net assets available for benefits or changes therein. However, Investments at fair value of $456,327,000 from the amount previously reported as of December 31, 2014, were reclassified as investments at contract value and therefore, no adjustment from fair value to contract value is necessary.
(Continued)
7.
McDONALDS CORPORATION PROFIT SHARING AND SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2015 and 2014
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Investment Valuation: Other than fully benefit-responsive investment contracts which are valued at contract value, the Plans investments are reported at fair value. Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date.
Fair value is the price that would be received by the Plan for an asset or paid by the Plan to transfer a liability (an exit price) in an orderly transaction between market participants on the measurement date in the Plans principal or most advantageous market for the asset or liability. Fair value measurements are determined by maximizing the use of observable inputs and minimizing the use of unobservable inputs when measuring fair value. The hierarchy places the highest priority on unadjusted quoted market prices in active markets for identical assets or liabilities (level 1 measurements) and gives the lowest priority to unobservable inputs (level 3 measurements). The three levels of inputs within the fair value hierarchy are defined as follows:
| Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the Plan has the ability to access as of the measurement date. |
| Level 2: Significant other observable inputs other than level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. |
| Level 3: Significant unobservable inputs that reflect the Plans own assumptions about the assumptions that market participants would use in pricing an asset or liability. |
In some cases, a valuation technique used to measure fair value may include inputs from multiple levels of the fair value hierarchy. The lowest level of significant input determines the placement of the entire fair value measurement in the hierarchy.
The following are descriptions of the valuation methods and assumptions used for investments of the Plan.
Cash: Interest Bearing Cash held at Northern Trust is valued at quoted market prices (level 1 inputs).
U.S. Treasury securities: Fair values of U.S. Treasury bonds reflect the closing price reported in the active market in which the security is traded (level 1 inputs).
Mortgage-backed securities: Mortgage-backed securities (MBS) are types of asset-backed securities that are secured by a mortgage, or more commonly a collection (pool) of mortgages. The mortgages are sold to a group of individuals (a government agency or investment bank) that securitizes, or packages, the loans together into a security that can be sold to investors. The mortgages of MBS may be residential or commercial, depending on whether it is an Agency MBS or a Non-Agency MBS. The structure of an MBS may be known as pass-through, where the interest and principal payments from the borrower or homebuyer pass through it to the MBS holder, or it may be more complex, made up of a pool of other MBSs. Other types of MBS include collateralized mortgage obligations (CMOs, often structured as real estate mortgage investment conduits) and collateralized debt obligations (CDOs). These are classified within level 2 of the fair value hierarchy. Fair value is estimated based on models that consider the estimated cash flows of each debt tranche of the issuer, establish a benchmark yield, and develop an estimated tranche specific spread to the benchmark yield based on the unique attributes of the tranche including, but not limited to, the prepayment speed assumptions and attributes of the collateral.
(Continued)
8.
McDONALDS CORPORATION PROFIT SHARING AND SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2015 and 2014
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Corporate bonds: Corporate bonds are debt securities issued by corporations and sold to investors and are valued using recently executed transactions, market price quotations (where observable), bond spreads or credit default swap spreads. When observable price quotations are not available, fair value is determined based on cash flow models with yield curves, bond, or single-name credit default swap spreads and recovery rates based on collateral values as key inputs. Corporate bonds are categorized within level 2 of the fair value hierarchy.
Mutual funds: The fair values of mutual funds are valued at the daily closing price as reported by the fund. Mutual funds held by the Plan are open-end mutual funds that are registered with the Securities and Exchange Commission (level 1 inputs). These funds are required to publish their daily net asset value (NAV) and to transact at that price. The mutual funds held by the Plan are deemed to be actively traded.
American Depository Receipts, Common Stocks including McDonalds common stock: The fair values of American Depository Receipts (ADR) and publicly traded common stocks are determined by obtaining quoted prices on nationally recognized securities exchanges (level 1 inputs).
Collective trusts: The fair values of investments in collective trusts are valued as determined by the custodian based on their net asset values and recent transaction prices. The investment objectives and underlying investments of the collective trusts vary, with some holding short term investments for principal preservation, diversified portfolios of domestic or international stocks, some holding securities of companies in a particular industry sectors, some holding short-term and/or medium-term corporate, government and government agency bonds, some holding a blend of asset back securities and corporate bonds, and others holding a blend of various domestic and international stocks. Each collective trust provides for daily redemptions by the Plan at reported net asset values per share, with no advance notice requirement.
(Continued)
9.
McDONALDS CORPORATION PROFIT SHARING AND SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2015 and 2014
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Investments measured at fair value on a recurring basis as of December 31, 2015 and 2014 are summarized below (amounts in thousands):
Assets at Fair Value as of December 31, 2015 | ||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | Total | |||||||||||||
Investment Type |
||||||||||||||||
Cash |
$ | 2 | $ | | $ | | $ | 2 | ||||||||
US Treasury Securities |
20,978 | | | 20,978 | ||||||||||||
Mortgage-backed securities |
| 24,985 | | 24,985 | ||||||||||||
Corporate bonds |
| 11,104 | | 11,104 | ||||||||||||
Mutual Funds |
227,659 | | | 227,659 | ||||||||||||
ADR & common stock, other than McDonalds Corp. |
307,420 | | | 307,420 | ||||||||||||
McDonalds Corp. common stock |
1,296,957 | | | 1,296,957 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total assets in the fair value hierarchy |
1,853,016 | 36,089 | | 1,889,105 | ||||||||||||
Investments measured at net asset value (a) |
||||||||||||||||
Collective Trusts |
| | | 831,410 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Investments at fair value |
$ | 1,853,016 | $ | 36,089 | $ | | $ | 2,720,515 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Assets at Fair Value as of December 31, 2014 | ||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | Total | |||||||||||||
Investment Type |
||||||||||||||||
US Treasury securities |
$ | 31,582 | $ | | $ | | $ | 31,582 | ||||||||
Mortgage-backed securities |
| 16,519 | | 16,519 | ||||||||||||
Corporate bonds |
| 7,006 | | 7,006 | ||||||||||||
Mutual Funds |
274,031 | | | 274,031 | ||||||||||||
ADR & common stock, other than McDonalds Corp. |
335,716 | | | 335,716 | ||||||||||||
McDonalds Corp. common stock |
1,158,742 | | | 1,158,742 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total assets in the fair value hierarchy |
1,800,071 | 23,525 | | 1,823,596 | ||||||||||||
Investments measured at net asset value (a) |
||||||||||||||||
Collective Trusts |
| | | 896,691 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Investments at fair value |
$ | 1,800,071 | $ | 23,525 | $ | | $ | 2,720,287 | ||||||||
|
|
|
|
|
|
|
|
(a) | In accordance with Subtopic 820-10, certain investments that were measured at net asset value per share (or its equivalent) have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the line items presented in the statement of net assets available for benefits. |
(Continued)
10.
McDONALDS CORPORATION PROFIT SHARING AND SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2015 and 2014
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Participant Loans: Participant loans are reported at their unpaid principal balance plus any accrued but unpaid interest, with no allowance for credit losses, as repayments of principal and interest are received through payroll deductions and the notes are collateralized by the participants account balances.
Fair Value of Long-Term Debt: The fair value of the Plans long-term debt is estimated based on the current rates available to the Plan for debt of the same remaining maturities (level 2). As of December 31, 2015, the estimated fair value and carrying value of the Plans long-term debt was $10,145,000 and $9,233,000 respectively. As of December 31, 2014, the estimated fair value and carrying value of the Plans long-term debt was $17,929,000 and $15,971,000, respectively.
Unallocated Net Assets Available for Benefits: Unallocated net assets available for benefits represents the fair value of shares of McDonalds common stock purchased through the ESOP which have not been released for allocation to participants accounts offset by the balance of the debt issued by the ESOP. Unallocated net assets available for benefits are reduced by the fair value of the shares as they are allocated to participants as Company matching contributions.
Payment of Benefits: Benefits are recorded at the time of payment.
NOTE 3 - FULLY BENEFIT RESPONSIVE INVESTMENT CONTRACTS
The Plan investments include a Stable Value Fund, managed by JPMorgan, which is a unitized fund established solely for the investment of assets of the Plan. The account is credited with earnings on the underlying investments and charged for Plan withdrawals and administrative expenses. The Stable Value Fund holds synthetic guaranteed investment contracts, with collective funds, US treasuries, mortgage-backed securities, corporate bonds and short-term investments as underlying investments. At December, 31, 2014, the Stable Value fund consisted of synthetic guaranteed investment contracts with collective funds as underlying investments. These synthetic investment contracts are included in the financial statements at contract value. Contract value represents contributions made under the contracts, plus earnings, less participant withdrawals and administrative expenses.
The wrapper contracts within the Stable Value Fund specify certain conditions under which distributions from the contracts would be payable at amounts below contract value. Such circumstances include the termination of the Plan, a material adverse change to the provisions of the Plan, if the employer elects to withdraw from a wrapper contract in order to switch to a different investment provider, or if the terms of a successor plan (in the event of the spin-off or sale of a division) do not meet the wrapper contract issuers underwriting criteria for issuance of a clone wrapper contract. The contracts limit the circumstances under which the issuer may terminate the contracts. Examples of circumstances which would allow the issuer to terminate the contracts include the Plans loss of its qualified status, un-cured material breaches of responsibilities, or material and adverse changes to the provisions of the Plan. If one of these events were to occur, the issuer could terminate the contracts at the market value of the underlying investments. Currently, the occurrence of an event that would cause the Plan to transact contract distributions at less than contract value is not probable.
The crediting interest rates of the contracts are based on agreed-upon formulas with the issuers, as defined in the contract agreements, but cannot be less than zero. The interest rates are reviewed on a quarterly basis for resetting. The key factors that influence future interest crediting rates could include the following: the level of market interest rates; the amount and timing of participant contributions; transfers and withdrawals into/out of the contracts; and the duration of the underlying investments backing the contracts.
(Continued)
11.
McDONALDS CORPORATION PROFIT SHARING AND SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2015 and 2014
NOTE 4 - NONPARTICIPANT-DIRECTED INVESTMENTS
The nonparticipant directed net assets of the Plan and changes therein consist of those reflected in the financial statements as ESOP Unallocated Account.
NOTE 5 - NOTES PAYABLE
In September 1989, the Leveraged ESOP issued $200 million of 7.67% Guaranteed ESOP Notes, Series A, for 15 years with a final maturity of September 15, 2004. In April 1991, the Leveraged ESOP issued $100 million of 7.30% Guaranteed ESOP Notes, Series B, for 15 years with a final maturity of June 1, 2006. In November 1999, the Leveraged ESOP refinanced the outstanding debt for 19 years with a final maturity of July 15, 2018.The remaining outstanding ESOP Notes are loans directly between the ESOP and the Company. Principal and interest payments are made according to the applicable loan schedules. Dividends on the converted common stock and Company contributions are used to repay the loans.
The ESOP debt is collateralized by unallocated shares of McDonalds common stock, valued at $60,111,297 at December 31, 2015. The Company has no recourse against the assets of the ESOP, except for such collateralized shares, cash contributions to ESOP, and earnings attributable to such collateralized shares or contributions. The unallocated shares of McDonalds common stock may be released from collateral under certain circumstances without the consent of the Company.
Following are maturities of the ESOP debt for each of the next three years (amounts in thousands):
Series A Notes |
Series B Notes |
Total | ||||||||||
2016 |
$ | 2,721 | $ | 1,371 | $ | 4,092 | ||||||
2017 |
1,962 | 988 | 2,950 | |||||||||
2018 |
1,457 | 734 | 2,191 | |||||||||
|
|
|
|
|
|
|||||||
Total over remaining life of notes |
$ | 6,140 | $ | 3,093 | $ | 9,233 | ||||||
|
|
|
|
|
|
NOTE 6 - PLAN TERMINATION
Although it has not expressed any intent to do so, the McDonalds Corporation has the right under the Plan to allow an employer to discontinue its contributions at any time and the Company may terminate the Plan subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA).
NOTE 7 - ADMINISTRATIVE FEES
The investment managers fees applicable to each investment fund are netted against the related investment income before investment income is allocated to participants accounts. Fees for managed account services provided by an independent third-party are charged directly to participant accounts only for individuals that use this service. Revenue sharing received from investments in mutual funds is returned to participants invested in those funds. Administrative fees associated with the Plan are paid by the Company.
(Continued)
12.
McDONALDS CORPORATION PROFIT SHARING AND SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2015 and 2014
NOTE 8 - INCOME TAX STATUS
The Internal Revenue Service has determined and informed the Company by letter dated September 24, 2013, that the Plan and related trust are designed, including amendments adopted through October 18, 2012, in accordance with applicable sections of the Internal Revenue Code (IRC). Although the Plan has been amended and restated, effective January 1, 2015, to reflect the change to a corporate trustee, Plan management believes that the Plan is designed and being operated in compliance with the applicable requirements of the IRC. Therefore, they continue to believe that the Plan is qualified and the related trust was tax-exempt as of the financial statement date.
Accounting principles generally accepted in the United States of America require plan management to evaluate tax positions taken by the Plan. Plan management has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2015 and 2014, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The plan is subject to routine audits by taxing authorities; however, there are currently no audits for any tax periods in progress.
NOTE 9 - TRANSACTIONS WITH PARTIES IN INTEREST
During 2015, the Plan received $39,468,951 in common stock dividends from the Company. The Leveraged ESOP loan discussed in Note 5, is intended to be an exempt loan under Section 408(b)(3) of ERISA and Section 4975(d)(3) of the IRC.
During 2015, fees totaling $3,402,000 were paid by the Plan to the managers of the investments held in the Plan and an advisor to Plan participants. These transactions qualify as party-in-interest transactions.
Certain Plan assets are held in participant loans or investments issued by Northern Trust, therefore these transactions qualify as party-in-interest. The Plan holds investments issued by various investment managers of the Plan; these qualify as party-in-interest. A portion of the Plans assets are also invested in Company stock.
Certain administrative functions are performed by officers or employees of the Company. No such officer or employee receives compensation from the Plan.
NOTE 10 - RISKS AND UNCERTAINTIES
The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market, liquidity and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants account balances and the amounts reported in the statements of net assets available for benefits.
NOTE 11 - FORM 5500 RECONCILIATION
Following is a reconciliation of net assets available for benefits per the financial statements at December 31, 2015 and 2014 to net assets per the Form 5500 (amounts in thousands):
2015 | 2014 | |||||||
Net assets available for benefits per the financial statements |
$ | 3,202,394 | $ | 3,197,568 | ||||
Adjustment from contract value to fair value for fully benefit responsive investment contracts |
(3,569 | ) | 1,238 | |||||
|
|
|
|
|||||
Net assets per the Form 5500 |
$ | 3,198,825 | $ | 3,198,806 | ||||
|
|
|
|
(Continued)
13.
McDONALDS CORPORATION PROFIT SHARING AND SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2015 and 2014
NOTE 11 - FORM 5500 RECONCILIATION (Continued)
Following is a reconciliation of the increase (decrease) in net assets available for benefits per the financial statements for the year ended December 31, 2015, to the net income per the Form 5500 (amounts in thousands):
Increase in net assets available for benefits per the financial statements |
$ | 4,826 | ||
Change in the adjustment from contract value to fair value for fully benefit responsive investment contracts at December 31, 2015 |
(4,807 | ) | ||
|
|
|||
Net income per the Form 5500 |
$ | 19 | ||
|
|
NOTE 12 - SUBSEQUENT EVENTS
Effective January 1, 2016, Fiduciary Counselors will act as independent fiduciary to oversee certain aspects of the McDonalds Common Stock Fund and the McDonalds ESOP Stock Fund, under the Plan. Fees for Fiduciary Counselors are netted against the related investment income for McDonalds Stock for individuals who invest in company shares.
For QDROs (Qualified Domestic Relations Order) received on or after January 1, 2016 there will be a QDRO review and processing fee of $550 for each QDRO. The $550 fee will be subtracted from the divorced participants account unless the QDRO states the fee is to be split between the participant and the alternate payee.
(Continued)
14.
MCDONALDS CORPORATION, EIN 36-2361282
MCDONALDS CORPORATION PROFIT SHARING and SAVINGS PLAN, PLAN NUMBER 001
PLAN YEAR END DECEMBER 31, 2015
FORM 5500, SCHEDULE H, LINE 4I - SCHEDULE OF ASSETS HELD AT END OF YEAR
(a) | (b) (c) | (d) | (e) | |||||
IDENTITY OF ISSUER/DESCRIPTION |
COST** | MARKET VALUE | ||||||
CORPORATE COMMON STOCKS & AMERICAN DEPOSITORY RECEIPTS |
||||||||
8X8 INC NEW COM |
80,585.10 | |||||||
ABBOTT LAB COM |
1,454,589.99 | |||||||
ACETO CORP COM |
65,912.14 | |||||||
ADOBE SYS INC COM |
2,017,831.20 | |||||||
ADR ALIBABA GROUP HLDG LTD-SP A |
1,544,373.81 | |||||||
ADR ARM HLDGS PLC SPONSORED ADR |
905,342.88 | |||||||
ADR AXA SA SPONSORED ADR |
373,122.90 | |||||||
ADR BASF AKTIENGESELLSCHAFT - LEVEL I |
690,596.28 | |||||||
ADR BHP BILLITON LTD SPONSORED ADR |
746,524.80 | |||||||
ADR BRIT AMERN TOB PLC SPONSORED COM STK |
1,139,733.55 | |||||||
ADR CONTROLADORA VUELA COMPANIA DE AVIACION SPONSORED ADR REPSTG 10 CPOS |
109,240.56 | |||||||
ADR GRUPO TELEVISA SA DE CV SPONSORED ADR REPSTG ORD PARTN SPONS ADR |
1,551,786.30 | |||||||
ADR INDUSTRIA DE DISENO TEXTIL INDITEX SA ADR ADR |
1,857,859.50 | |||||||
ADR JD COM INC SPONSORED ADR REPSTG COM CL A |
594,321.30 | |||||||
ADR NESTLE S A SPONSORED ADR REPSTG REG SH |
1,262,014.36 | |||||||
ADR NOVARTIS AG |
4,423,746.60 | |||||||
ADR NOVO-NORDISK A S ADR |
1,043,291.04 | |||||||
ADR RIO TINTO PLC SPONSORED ADR |
983,906.56 | |||||||
ADR SILICON MOTION TECHNOLOGY CORP SPONSORED ADR REPSTG SHS |
76,455.68 | |||||||
ADR SOUTH32 LTD SPONSORED ADR |
44,238.74 | |||||||
ADR TENARIS S A SPONSORED ADR |
782,901.00 | |||||||
ADR TENCENT HLDGS LTD ADR |
1,873,356.84 | |||||||
ADR TEVA PHARMACEUTICAL INDS |
2,251,452.00 | |||||||
ADR UNILEVER N V NEW YORK SHS NEW |
1,058,264.28 | |||||||
ADR VALE S A ADR |
144,434.29 | |||||||
ADR VODAFONE GROUP PLC NEW SPONSORED ADRNO PAR |
2,370,755.14 | |||||||
ADR YARA INTL ASA SPONSORED ADR |
87,303.68 | |||||||
AEGION CORP 10 |
1,914,972.70 | |||||||
AGCO CORP COM |
1,679,656.95 | |||||||
AGRIUM INC COM |
167,065.80 |
15.
ALEXION PHARMACEUTICALS INC COM |
1,775,310.25 | |||||||
ALLEGION PLC COMMON STOCK |
429,930.24 | |||||||
ALLERGAN PLC. COMMON STOCK |
6,309,687.50 | |||||||
ALLY FINL INC COM |
2,892,555.20 | |||||||
ALON USA ENERGY INC COM STK |
546,112.00 | |||||||
ALPHABET INC CAP STK CL A CAP STK CL A |
2,745,597.29 | |||||||
ALPHABET INC CAP STK CL C CAP STK CL C |
2,801,026.08 | |||||||
AMAZON COM INC COM |
4,905,609.62 | |||||||
AMERICAN EXPRESS CO |
3,093,584.00 | |||||||
AMERICAN TOWER CORP |
3,500,961.45 | |||||||
AMERIPRISE FINL INC COM |
3,020,731.70 | |||||||
AMERISAFE INC COM |
894,822.00 | |||||||
AMERN WOODMARK CORP COM |
47,588.10 | |||||||
AMN HEALTHCARE SVCS INC COM |
88,150.95 | |||||||
AMSURG CORP COM |
1,783,340.00 | |||||||
APPLE INC COM STK |
8,233,647.72 | |||||||
APPLIED MICRO CIRCUITS CORP COM NEW STK |
26,206.18 | |||||||
ARGAN INC COM |
64,994.40 | |||||||
ARGO GROUP INTERNATIONAL HOLDINGS COM STK |
813,824.00 | |||||||
ASSOCTD BANC-CORP COM |
953,156.25 | |||||||
ATLAS FINANCIAL HLDGS INC COM |
106,086.90 | |||||||
ATLASSIAN CORPORATION PLC COM USD0.1 CL A |
40,247.04 | |||||||
ATRICURE INC COM STK |
84,957.84 | |||||||
AUTOBYTEL INC COM NEW |
123,312.96 | |||||||
AVINGER INC COM |
130,809.60 | |||||||
AVISTA CORP COM ISIN # US05379B1070 |
604,650.15 | |||||||
BARNES GROUP INC COM |
919,963.05 | |||||||
BASSETT FURNITURE INDS INC COM STK |
55,652.52 | |||||||
BBCN BANCORP INC COM |
586,168.80 | |||||||
BIOGEN INC COMMON STOCK |
1,426,671.95 | |||||||
BIOMARIN PHARMACEUTICAL INC COM ISIN CH0008107010 |
232,043.40 | |||||||
BLUEPRINT MEDICINES CORP COM |
133,385.76 | |||||||
BNC BANCORP COM STK |
73,069.02 | |||||||
BOEING CO COM |
4,940,061.94 | |||||||
BRINKER INTL INC COM |
712,776.75 | |||||||
BRINKS CO COM |
1,702,884.30 | |||||||
BRISTOL MYERS SQUIBB CO COM |
2,155,465.86 | |||||||
BROOKFIELD ASSET MGMT INC VOTING SHS CL A VOTING SHS CL A |
436,848.15 | |||||||
BROOKS AUTOMATION INC COM |
1,258,424.40 | |||||||
CALAMOS ASSET MGMT INC CL A COM STK |
517,880.00 | |||||||
CALAMP CORP COM |
64,513.41 | |||||||
CALATLANTIC GROUP INC COM |
883,536.00 |
16.
CALAVO GROWERS INC COM |
48,657.00 | |||||||
CALLIDUS SOFTWARE INC COM STK |
165,737.25 | |||||||
CALLON PETE CO DEL COM |
42,534.00 | |||||||
CANADIAN NATL RY CO COM |
1,788,607.04 | |||||||
CANADIAN PAC RY LTD COM NPV |
1,623,327.20 | |||||||
CARBO CERAMICS INC COM |
566,224.00 | |||||||
CARROLS RESTAURANT GROUP INC COM |
80,771.20 | |||||||
CDN NAT RES LTD COM CDN NAT RES COM STK |
574,740.24 | |||||||
CELGENE CORP COM |
2,098,195.20 | |||||||
CENTENE CORP DEL COM |
1,835,111.85 | |||||||
CERUS CORP COM |
39,860.24 | |||||||
CEVA INC COM |
117,454.08 | |||||||
CHEGG INC COM |
45,427.50 | |||||||
CHEROKEE INC DEL NEW COM |
81,351.00 | |||||||
CHEVRON CORP COM |
4,674,321.60 | |||||||
CHICAGO BRDG & IRON CO N V COM NV |
2,172,132.90 | |||||||
CHUYS HOLDINGS INC COM USD0.01 |
117,211.60 | |||||||
CITIGROUP INC COM NEW COM NEW |
3,656,862.00 | |||||||
CNO FINL GROUP INC COM |
1,557,457.65 | |||||||
COGNEX CORP COM |
1,629,402.50 | |||||||
COLUMBIA SPORTSWEAR CO COM |
787,961.60 | |||||||
COMCAST CORP NEW-CL A |
2,952,417.60 | |||||||
COMFORT SYS USA INC COM |
83,441.12 | |||||||
COML METALS CO COM |
618,788.00 | |||||||
CONCHO RES INC COM STK |
695,985.70 | |||||||
CORE LABORATORIES NV NLG0.03 |
574,582.16 | |||||||
COSTCO WHOLESALE CORP NEW COM |
1,702,048.50 | |||||||
COWEN GROUP INC NEW CL A CL A |
892,390.00 | |||||||
CPI CARD GROUP INC FORMERLY CPI HLDGS I INC TO 08/07/2015 COM |
46,232.42 | |||||||
CROSS CTRY HEALTHCARE INC COM |
111,599.51 | |||||||
CROWN CASTLE INTL CORP NEW COM |
2,219,171.50 | |||||||
CUBIC CORP COM |
858,060.00 | |||||||
CVB FINL CORP COM |
1,382,787.00 | |||||||
DARLING INGREDIENTS INC COMSTK |
1,893,600.00 | |||||||
DELTA AIR LINES INC DEL COM NEW COM NEW |
1,801,522.60 | |||||||
DERMIRA INC COM |
54,510.75 | |||||||
DIAGEO PLC SPONSORED ADR NEW |
1,072,158.10 | |||||||
DIEBOLD INC COM |
1,556,555.70 | |||||||
DIMENSION THERAPEUTICS INC COM |
35,791.44 | |||||||
DISCOVERY COMMUNICATIONS INC NEW COM SERC COM SER C |
1,820,379.60 | |||||||
DOLLAR GEN CORP NEW COM |
1,467,585.40 | |||||||
DULUTH HLDGS INC COM CL B COM CL B |
48,716.01 |
17.
DYNAVAX TECHNOLOGIES CORP COM NEW COM NEW |
121,259.04 | |||||||
EAST WEST BANCORP INC COM |
555,241.60 | |||||||
EATON CORP PLC COM USD0.50 |
910,700.00 | |||||||
ENSCO PLC SHS CLASS A COM |
224,847.90 | |||||||
EOG RESOURCES INC COM |
398,830.86 | |||||||
EXELIXIS INC COM STK |
38,955.48 | |||||||
EXLSERVICE COM INC COM STK |
76,695.51 | |||||||
EXPRESS SCRIPTS HLDG CO COM |
1,839,980.50 | |||||||
F N B CORP PA COM |
976,488.00 | |||||||
FACEBOOK INC CL A CL A |
4,243,963.00 | |||||||
FINISH LINE INC CL A |
605,680.00 | |||||||
FIVE PRIME THERAPEUTICS INC COM |
143,424.00 | |||||||
FLEXION THERAPEUTICS INC COM |
124,060.26 | |||||||
FLOTEK INDS INC DEL COM |
37,809.20 | |||||||
FOAMIX PHARMACEUTICALS LTD COM ILS0.16 |
85,430.74 | |||||||
FRANCESCAS HLDGS CORP COM M STOCK |
58,915.44 | |||||||
GATX CORP COM |
579,956.50 | |||||||
GENERAL ELECTRIC CO |
3,747,687.65 | |||||||
GENMARK DIAGNOSTICS INC COM STK |
13,766.24 | |||||||
GIBRALTAR INDS INC COM |
122,315.52 | |||||||
GLACIER BANCORP INC NEW COM |
610,720.60 | |||||||
GLOBAL BLOOD THERAPEUTICS INC COM |
65,953.20 | |||||||
GLOBAL INDEMNITY PLC COM USD0.0001 |
837,517.20 | |||||||
GLOBANT SA USD1.20 |
220,558.80 | |||||||
GOLDMAN SACHS GROUP INC COM |
2,467,348.70 | |||||||
GOOD TIMES RESTAURANTS INC COM |
38,611.20 | |||||||
GRAN TIERRA ENERGY INC COM |
249,202.80 | |||||||
GREENBRIER COS INC COM STK |
851,382.00 | |||||||
GRIFFON CORP COM |
81,506.20 | |||||||
GROUP 1 AUTOMOTIVE INC COM |
1,101,056.50 | |||||||
GTT COMMUNICATIONS INC COM |
127,387.02 | |||||||
HACKETT GROUP INC COM STK |
80,285.72 | |||||||
HANMI FINL CORP COM NEW COM NEW |
85,202.24 | |||||||
HEIDRICK & STRUGGLES INTL INC COM |
41,891.58 | |||||||
HERON THERAPEUTICS INC COM |
69,072.90 | |||||||
HILL ROM HLDGS INC COM STK |
1,579,972.50 | |||||||
HOME DEPOT INC COM |
682,939.00 | |||||||
HONEYWELL INTL INC COM STK |
3,031,493.90 | |||||||
HP INC COM |
1,000,480.00 | |||||||
ICU MED INC COM |
890,962.00 | |||||||
IDERA PHARMACEUTICALS INC COM NEW STK |
35,547.36 | |||||||
ILLUMINA INC COM |
1,362,041.72 |
18.
IMMERSION CORP COM |
59,232.80 | |||||||
INGERSOLL-RAND PLC COM STK |
1,083,241.68 | |||||||
INPHI CORP COM |
169,631.56 | |||||||
INSIGHT ENTERPRISES INC COM |
1,044,866.40 | |||||||
INSTEEL INDS INC COM |
21,840.48 | |||||||
INSTRUCTURE INC COM |
87,298.26 | |||||||
INTEL CORP COM |
1,731,457.00 | |||||||
INTELIQUENT INC COM USD0.001 |
151,755.80 | |||||||
INTERCONTINENTAL EXCHANGE INC COM |
3,264,752.40 | |||||||
INTERSECT ENT INC COM |
38,362.50 | |||||||
INTRA-CELLULAR THERAPIES INC COM |
85,310.94 | |||||||
IPG PHOTONICS CORP COM |
1,587,048.00 | |||||||
JOHNSON CTL INC COM |
2,797,866.50 | |||||||
K2M GROUP HLDGS INC COM |
94,574.34 | |||||||
KEMPHARM INC COM |
83,690.04 | |||||||
KFORCE INC |
73,261.44 | |||||||
KOPPERS HLDGS INC COM |
1,046,728.75 | |||||||
KROGER CO COM |
1,634,549.08 | |||||||
LACLEDE GROUP INC COM |
922,637.30 | |||||||
LAS VEGAS SANDS CORP COM STK |
2,404,185.60 | |||||||
LAWSON PRODS INC COM |
29,771.25 | |||||||
LEMAITRE VASCULAR INC COM STK |
154,629.00 | |||||||
LENDINGTREE INC NEW COM USD0.01 |
130,616.64 | |||||||
LIBERTY MEDIA CORP DEL COM SER C COM SERC |
1,252,832.00 | |||||||
LIFEPOINT HEALTH INC COM ISIN US53219L1098 |
822,080.00 | |||||||
LINDSAY CORPORATION COM |
447,070.00 | |||||||
LINKEDIN CORP CL A |
1,686,074.28 | |||||||
LIVE OAK BANCSHARES INC COM |
56,629.60 | |||||||
LOXO ONCOLOGY INC COM |
141,453.40 | |||||||
LSI INDS INC OHIO COM |
31,913.42 | |||||||
LYDALL INC COM |
45,556.32 | |||||||
LYON WILLIAM HOMES CL A NEW COM USD0.01 CLA(POST REV SPLIT) |
511,500.00 | |||||||
LYONDELLBASELL IND N V COM USD0.01 CL A |
251,141.00 | |||||||
MACROGENICS INC COM |
109,324.10 | |||||||
MALLINCKRODT PLC COMMON STOCK |
2,129,940.20 | |||||||
* |
MANULIFE FINL CORP COM |
226,153.06 | ||||||
MARINEMAX INC COM |
63,585.84 | |||||||
MARRIOTT INTL INC NEW COM STK CL A |
1,458,790.40 | |||||||
MASTERCARD INC CL A |
2,938,130.08 | |||||||
MAXLINEAR INC-CLASS A |
33,643.32 | |||||||
MCBC HLDGS INC COM |
49,073.40 | |||||||
MCGRAW HILL FINANCIAL INC |
1,084,380.00 |
19.
MCKESSON CORP |
3,550,140.00 | |||||||
MEDTRONIC PLC COMMON STOCK |
2,706,891.72 | |||||||
MERCURY SYSTEMS INC |
82,766.88 | |||||||
MICROSOFT CORP COM |
1,348,940.72 | |||||||
MIDDLEBY CORP COM |
1,139,107.20 | |||||||
MIRATI THERAPEUTICS INC COM |
91,924.40 | |||||||
MITEK SYS INC COM NEW COM NEW |
39,349.14 | |||||||
MONSANTO CO NEW COM |
4,432,414.80 | |||||||
MONSTER BEVERAGE CORP NEW COM |
885,269.28 | |||||||
MORGAN STANLEY COM STK USD0.01 |
917,941.17 | |||||||
MOSAIC CO/THE |
1,542,281.00 | |||||||
MOTORCAR PTS & ACCESSORIES INC COM |
138,925.29 | |||||||
MYOKARDIA INC COM |
69,033.94 | |||||||
NABORS INDUSTRIES COM USD0.10 |
859,407.88 | |||||||
NAUTILUS INC COM |
59,188.80 | |||||||
NEOGENOMICS INC COM NEW COM NEW |
196,946.75 | |||||||
NEOPHOTONICS CORP |
75,813.66 | |||||||
NETFLIX INC COM STK |
2,437,094.66 | |||||||
NIKE INC CL B |
2,869,500.00 | |||||||
NOBLE CORP PLC COMMON STOCK |
442,266.55 | |||||||
NORDIC AMERICAN TANKERS LIMITED |
699,300.00 | |||||||
NORDSON CORP COM |
1,248,679.75 | |||||||
NORTHERN TR CORP COM |
3,011,127.21 | |||||||
NUTRI SYS INC NEW COM |
39,060.20 | |||||||
NXP SEMICONDUCTORS N V COM STK |
686,384.75 | |||||||
O REILLY AUTOMOTIVE INC NEW COM USD0.01 |
1,688,537.46 | |||||||
OCCIDENTAL PETROLEUM CORP |
2,462,356.20 | |||||||
OCLARO INC COM NEW |
27,105.72 | |||||||
OGE ENERGY CORP COM |
1,723,835.30 | |||||||
OLIN CORP COM |
891,565.30 | |||||||
OMNICOM GROUP INC COM |
3,358,547.40 | |||||||
ORACLE CORP COM |
3,363,682.40 | |||||||
OTONOMY INC COM |
64,657.50 | |||||||
OWENS & MINOR INC NEW COM |
705,208.00 | |||||||
PALO ALTO NETWORKS INC COM USD0.0001 |
428,724.76 | |||||||
PARTNERRE HLDG LTD COM STK |
505,299.84 | |||||||
PATRICK INDS INC COM |
85,347.00 | |||||||
PAYCOM SOFTWARE INC COM |
155,600.05 | |||||||
PAYLOCITY HLDG CORP COM |
67,840.15 | |||||||
PENTAIR PLC COM STK |
2,636,977.20 | |||||||
PGT INC COM |
58,157.34 | |||||||
PNC FINANCIAL SERVICES GROUP COM STK |
2,804,020.20 |
20.
POLARIS INDS INC COM |
1,428,059.25 | |||||||
POTASH CORP SASK INC COM |
558,214.72 | |||||||
PROGRESS SOFTWARE CORP COM |
859,200.00 | |||||||
PROOFPOINT INC COM |
83,342.82 | |||||||
Q2 HLDGS INC COM |
165,287.16 | |||||||
QUINSTREET INC COM STK |
46,070.31 | |||||||
RED HAT INC COM |
1,596,990.85 | |||||||
REGENERON PHARMACEUTICALS INC COM |
1,407,119.04 | |||||||
RESOURCES CONNECTION INC COM |
42,990.54 | |||||||
REVANCE THERAPEUTICS INC COM |
43,963.92 | |||||||
RINGCENTRAL INC CL A CL A |
186,329.16 | |||||||
SALESFORCE COM INC COM STK |
2,125,267.20 | |||||||
SANDERSON FARMS INC COM |
1,608,540.00 | |||||||
SANFILIPPO JOHN B & SON INC COM |
85,799.64 | |||||||
SCHLUMBERGER LTD COM COM |
1,755,816.75 | |||||||
SENSIENT TECHNOLOGIES CORP COM |
478,060.20 | |||||||
SHERWIN-WILLIAMS CO COM |
537,631.60 | |||||||
SHIRE PLC ADR |
1,742,295.00 | |||||||
SKYWEST INC COM |
76,973.94 | |||||||
SMITH & WESSON HLDG CORP COM |
138,452.02 | |||||||
SNAP-ON INC COM |
892,293.15 | |||||||
SPLUNK INC COMSTK COM USD0.001 |
929,139.19 | |||||||
SPS COMM INC COM |
63,891.10 | |||||||
STAMPS COM INC COM NEW |
104,567.94 | |||||||
STANDARD MTR PRODS INC COM |
57,607.70 | |||||||
STARBUCKS CORP COM |
2,189,294.10 | |||||||
SUNCOR ENERGY INC NEW COM STK |
1,259,607.60 | |||||||
SUNESIS PHARMACEUTICALS INC COM NEW STOCK |
20,476.46 | |||||||
SYNERGY PHARMACEUTICALS INC FLA COM NEW |
45,660.51 | |||||||
TAKE-TWO INTERACTIVE SOFTWARE INC CDT-COM CDT-COM |
1,602,640.00 | |||||||
TASER INTL INC COM |
47,893.30 | |||||||
TECK RESOURCES LIMITED |
52,912.88 | |||||||
TEEKAY TANKERS LTD COM STK |
1,795,680.00 | |||||||
TENNECO INC |
1,455,576.55 | |||||||
TESLA MTRS INC COM |
1,168,368.68 | |||||||
TETRA TECHNOLOGIES INC DEL COM |
30,959.84 | |||||||
TEXAS INSTRUMENTS INC COM |
1,215,685.80 | |||||||
THE PRICELINE GROUP INC |
1,672,734.40 | |||||||
THOR INDS INC COM STK |
1,346,477.00 | |||||||
TILE SHOP HLDGS INC COM COM |
65,419.60 | |||||||
TIME WARNER INC USD0.01 |
945,540.07 | |||||||
TJX COS INC COM NEW |
1,230,359.41 |
21.
TRINITY IND INC COM |
1,538,601.10 | |||||||||
TUESDAY MORNING CORP COM NEW ISIN US8990355054 |
371,475.00 | |||||||||
U S CONCRETE INC COMMON STOCK |
67,931.40 | |||||||||
U S SILICA HLDGS INC |
45,401.52 | |||||||||
UBS GROUP AG COMMON STOCK |
296,515.96 | |||||||||
UNDER ARMOR INC CL A |
1,430,263.23 | |||||||||
UNIQUE FABRICATING INC COM |
54,061.54 | |||||||||
UNVL ELECTRS INC COM |
54,636.40 | |||||||||
VASCULAR SOLUTIONS INC COM |
107,399.97 | |||||||||
VERACYTE INC COM |
33,422.40 | |||||||||
VERTEX PHARMACEUTICALS INC COM |
544,214.75 | |||||||||
VISA INC COM CL A STK |
3,070,204.50 | |||||||||
VITAE PHARMACEUTICALS INC COM |
72,128.50 | |||||||||
WALT DISNEY CO |
1,847,306.40 | |||||||||
WALTER INVT MGMT CORP |
1,201,163.40 | |||||||||
WEATHERFORD INTERNATIONAL LTD(IE)USD0.001 |
1,027,649.15 | |||||||||
WEIGHT WATCHERS INTL INC NEW COM |
37,437.60 | |||||||||
WELLCARE HLTH PLANS INC COM |
1,643,583.15 | |||||||||
WERNER ENTERPRISES INC COM |
612,233.25 | |||||||||
WESTN REFNG INC COM |
1,097,452.20 | |||||||||
WHIRLPOOL CORP COM |
2,910,963.40 | |||||||||
WINTRUST FINL CORP COM |
921,880.00 | |||||||||
WORKDAY INC CL A COM USD0.001 |
1,063,249.92 | |||||||||
XCEL BRANDS INC COM NEW |
37,732.50 | |||||||||
XENCOR INC COM |
57,749.00 | |||||||||
ZIX CORP COM |
61,508.64 | |||||||||
TOTAL CORPORATE COMMON STOCKS (other than employer securities) & AMERICAN DEPOSITORY RECEIPTS |
307,419,842.07 | |||||||||
McDONALDS CORPORATION COMMON STOCK |
||||||||||
* |
MC DONALDS CORP COM |
8,016,958.43 | 60,111,167.82 | |||||||
* |
MC DONALDS CORP COM |
351,710,695.38 | ||||||||
* |
MC DONALDS CORP COM |
885,135,123.84 | ||||||||
TOTAL McDONALDS CORPORATION COMMON STOCK |
1,296,956,987.04 | |||||||||
INTEREST IN REGISTERED INVESTMENT CO. |
||||||||||
* |
MFO AMERICAN BEACON FDS HOLLAND LARGE CAP GROWTH FD INSTL CL |
14,807,575.34 | ||||||||
* |
MFO ARTISAN MID CAP FD INSTL CL SH |
29,260,900.37 | ||||||||
* |
MFO DFA EMERGING MARKETS VALUE |
21,155,134.76 | ||||||||
* |
MFO NUVEEN INVT FDS INC REAL ESTATE SECSFD CL R6 |
79,290,074.30 | ||||||||
* |
MFO PRIMECAP ODYSSEY FDS AGGRESSIVE GROWTH FD |
34,071,306.05 |
22.
* |
MFO DODGE & COX INC FD |
49,073,828.69 | ||||||
TOTAL INTEREST IN REGISTERED INVESTMENT CO. |
227,658,819.51 | |||||||
MCDONALDS LOAN ASSETS |
||||||||
* |
MCDONALDS LOAN ASSET |
33,310,619.23 | ||||||
TOTAL McDONALDS LOAN ASSETS |
33,310,619.23 | |||||||
INTEREST-BEARING CASH |
||||||||
INTEREST-BEARING CASH |
1,798.73 | |||||||
TOTAL INTEREST-BEARING CASH |
1,798.73 | |||||||
WRAPPER CONTRACTS |
||||||||
* |
GIC TRANSAMERICA PREMIER LIFE CONTRACT MDA00824TR RATE 1.65% MAT 12/31/2064 |
109,812.00 | ||||||
TOTAL WRAPPER CONTRACTS |
109,812.00 | |||||||
COLLECTIVE TRUSTS |
||||||||
* |
MFO SEI ARTISAN INTL GROWTH FD |
29,453,187.85 | ||||||
* |
MFO MANNING & NAPIER NON US EQUITY CIT - U |
28,270,617.51 | ||||||
* |
MFO JP MORGAN CHASE BK LIQUIDITY FUND |
19,501,758.37 | ||||||
* |
JPMCB INTERMEDIATE BOND FUND |
195,509,852.00 | ||||||
* |
MFO BLACKROCK GLOBAL ALLOCATION COLLECTIVE FUND M |
230,233,474.01 | ||||||
* |
NT COLLECTIVE ALL CTY WLD EX-US INVSTBL MKT IDX FD - DC - NONLENDING - TR 3 |
48,096,711.71 | ||||||
* |
NT COLLECTIVE RUSSELL 2000 INDEX FUND - DC -NON LENDING TIER THREE |
78,789,385.61 | ||||||
* |
NT COLLECTIVE S&P500 INDEX FUND - DC- NON LENDING - TIER THREE |
274,954,251.20 | ||||||
* |
MFO MANULIFE AM TC STRATEGIC FIXED INCOME FUND CLASS 3 RETIREMENT B |
83,894,664.59 | ||||||
* |
MFO METROPOLITAN WEST FDS FLOATING RATE INCOME FD CL I |
539,581.68 | ||||||
* |
Northern Trust Company COLTV SHORT TERM INVT FD |
64,356,944.85 | ||||||
TOTAL COLLECTIVE TRUSTS |
1,053,600,429.38 | |||||||
MORTAGE BACKED SECURITIES |
||||||||
PVTPL A VOCE CLO LTD / A VOCE CLO LLC SRSECD NT CL A-1B FLTG 144A 07-15-2026 |
142,288.50 | |||||||
PVTPL AMMC CLO XIV LTD / AMMC CLO XIV CORP SR SECD NT CL A-1L FLTG 07-27-2026 |
128,570.00 | |||||||
PVTPL CEDAR FDG III CLO LTD / CEDAR FDG III CL SR SECD NT CL A-1 FLTG 05-20-2026 |
128,999.00 | |||||||
PVTPL DRYDEN 37 SR LN FD SER 2015-37A CL A FLTG RT 04-15-2027 BEO |
128,960.00 | |||||||
ACCESS FDG 2015-1 VAR RT .8867% DUE 07-25-2056 |
193,068.90 | |||||||
CHASE ISSUANCE TR 2014-3 CL A NTS 05-15-2018 REG |
134,966.39 |
23.
CITIBANK CR CARD ISSUANCE TR 2014-A3 NT FLTG RATE 05-09-2018 REG |
134,987.45 | |||||||
GS MTG SECS CORP FLTG RT .6465% DUE 03-25-2035 |
173,608.92 | |||||||
MASTR ASSET BACKED SECS TR SER 2006-NC1 CL A3 FLT RT 01-25-2036 REG |
84,639.89 | |||||||
MORGAN STANLEY ABS CAP I INC 2005-1 MTG PASSTHRU CTF M-2 VAR 12-25-2034 REG |
106,072.25 | |||||||
MORGAN STANLEY ABS FLTG RT 1.2065% DUE 12-25-2034 |
256,786.75 | |||||||
NAVIENT STUDENT LN SER 2014-2 CL A FLTG 03-25-2043 |
110,580.47 | |||||||
NAVIENT STUDENT LN SER 2014-3 CL A FLTG 03-25-2043 |
66,533.39 | |||||||
PVTPL MAGNETITE XII LTD/MAGNETITE XII LLC SR SECD NT CL A FLTG 144A 04-15-2027 |
128,544.00 | |||||||
PVTPL NELNET STUD LN TR 2015-2 AB NT CL A-2 144A VAR RT DUE 9-25-42 BEO |
228,186.88 | |||||||
PVTPL NELNET STUDENT LN TR SER 2015-3 CL A-2 FLTG 02-26-2046 BEO |
258,068.93 | |||||||
PVTPL PHEAA STUDENT LN STUDENT TR 2013-3A CL A FLTG RT DUE 11-25-2042 BEO |
220,350.06 | |||||||
RESIDENTIAL ASSET MTG PRODS INC SER 2005-EFC5 CL M1 FLT RT 10-25-2035 BEO |
162,793.00 | |||||||
SLC STUD LN TR FLTG RT .6516% DUE 08-15-2031 |
46,308.04 | |||||||
SLC STUD LN TR FLTG RT .672% DUE 12-15-2038 |
256,917.00 | |||||||
SLC STUDENT LN TR 2006-2 ASSET BKD NT CLA-5 FLTG RATE 09-15-2026 BEO |
259,433.82 | |||||||
SLM STUD LN TR FLTG RT SER 2007-6 CL A 10-25-2024 |
256,478.94 | |||||||
SLM STUDENT LN TR 2008 9 STUDENT LOAN BKD NTS CL A FLTG 04-25-2023 REG |
198,077.14 | |||||||
SLM STUDENT LN TR 2008-5 CL B FLT RT 07-25-2029 REG |
143,886.50 | |||||||
SLM STUDENT LN TR 2008-9 CL B FLTG RT 10-25-2029 BEO |
141,287.40 | |||||||
SLM STUDENT LN TR 2011-2 STUDENT LN BKD NT CL A2 FLTG 03-25-2025 |
168,048.06 | |||||||
SLM STUDENT LN TR 2012-1 STUDENT LN BKD NTS CL A-2 FLTG 11-25-2020 REG |
232,294.27 | |||||||
SLM STUDENT LN TR 2012-3 CL A FLTG RT DUE 12-26-2025 REG |
224,559.15 | |||||||
SLM STUDENT LN TR 2012-6 A-3 BACKED NT FLTG DUE 05-26-2026 REG |
222,794.78 | |||||||
SLM STUDENT LN TR FLTG SER 2013-3 CL A2 05-26-2020 REG |
108,356.19 | |||||||
STRUCTURED ASSET SECS CORP 2005-2 LEHMANXS 1-A1 08-25-2035 REG |
186,414.60 | |||||||
WACHOVIA STUD LN FLTG RT .7886% DUE 04-25-2040 |
257,539.43 | |||||||
WELLS FARGO HOME FLTG RT 1.4265% DUE 10-25-2034 |
266,346.83 | |||||||
CMO CD 2007-CD4 CMO TR MTG PASS THRUCTF CL A-1A VAR RT DUE 12-11-2049 |
274,288.46 | |||||||
CMO MORGAN STANLEY CAPITAL I 2011-C3 CL A4 4.118 7-15-2021 |
191,532.06 | |||||||
CR SUISSE COML MTG FLTG RT 5.526% DUE 01-15-2049 |
282,215.70 | |||||||
* |
J P MORGAN CHASE 3.6727% DUE 02-15-2046 |
23,422.03 | ||||||
PVTP CMO CFCR COM MTG TR 2011-C1 PASS THRU CTF CL A-2 144A 3.7587 4-15-44 |
89,970.28 | |||||||
PVTPL CMO DBRR SER 2013-EZ3 CL A VAR RT DUE 12-18-2049 |
147,980.13 |
24.
* |
PVTPL CMO J P MORGAN CHASE DTD 6-1-10 2010-C1 CL A1 144A 3.853 DUE 6-15-15 |
13,170.76 | ||||||
* |
PVTPL CMO JP MORGAN CHASE COMMERCIAL MORTGAGE SE 2010-C2 A1 2.7493 7-15-17 |
8,909.38 | ||||||
UBS-CITIGROUP COML 1.524% DUE 01-10-2045 |
73,029.29 | |||||||
FEDERAL HOME LN MTG CORP POOL #G07848 3.5% 04-01-2044 BEO |
474,333.09 | |||||||
FEDERAL HOME LN MTG CORP POOL #G08653 3% 07-01-2045 BEO |
221,125.21 | |||||||
FEDERAL HOME LN MTG CORP POOL #G08654 3.5% 07-01-2045 BEO |
404,057.39 | |||||||
FEDERAL HOME LN MTG CORP POOL #G08658 3% 08-01-2045 BEO |
172,425.63 | |||||||
FEDERAL HOME LN MTG CORP POOL #G08659 3.5% 08-01-2045 BEO |
476,585.28 | |||||||
FEDERAL HOME LN MTG CORP POOL #G08669 4% 09-01-2045 BEO |
260,796.82 | |||||||
FEDERAL HOME LN MTG CORP POOL #G08671 3.5% 10-01-2045 BEO |
424,753.65 | |||||||
FEDERAL HOME LN MTG CORP POOL #G08672 4% 10-01-2045 BEO |
262,739.19 | |||||||
FEDERAL HOME LN MTG CORP POOL #G08677 4% 11-01-2045 BEO |
263,576.61 | |||||||
FEDERAL HOME LN MTG CORP POOL #G18565 3% 08-01-2030 BEO |
130,157.30 | |||||||
FEDERAL HOME LN MTG CORP POOL #G18568 2.5% 09-01-2030 BEO |
236,885.66 | |||||||
FEDERAL HOME LN MTG CORP POOL #G60238 3.5% 10-01-2045 BEO |
519,450.59 | |||||||
FEDERAL HOME LN MTG CORP POOL #U99114 3.5% 02-01-2044 BEO |
491,062.42 | |||||||
FEDERAL NATL MTG ASSN GTD MTG POOL #AL2168 3.5% 06-01-2042 BEO |
365,395.91 | |||||||
FEDERAL NATL MTG ASSN GTD MTG POOL #AL6829 2.965% DUE 05-01-2027 BEO |
177,388.02 | |||||||
FEDERAL NATL MTG ASSN GTD MTG POOL #AL7092 3% 07-01-2045 BEO |
83,613.44 | |||||||
FHLMC GOLD #G07924 3.5% 01-01-2045 |
493,280.50 | |||||||
FHLMC GOLD G60023 3.5 04-01-2045 |
97,860.51 | |||||||
FNMA POOL #466919 3.93% 01-01-2021 BEO |
203,241.53 | |||||||
FNMA POOL #466960 3.89% 12-01-2020 BEO |
152,284.22 | |||||||
FNMA POOL #468551 3.98% DUE 07-01-2021 BEO |
162,072.90 | |||||||
FNMA POOL #469024 3.44% DUE 10-01-2021 BEO |
141,804.23 | |||||||
FNMA POOL #469621 3.65% 11-01-2021 BEO |
178,571.03 | |||||||
FNMA POOL #AM0827 2.6 DUE 11-01-2022 REG |
128,050.23 | |||||||
FNMA POOL #AM2808 2.7% 03-01-2023 BEO |
129,632.62 | |||||||
FNMA POOL #AM4125 3.74% 08-01-2023 BEO |
116,755.10 | |||||||
FNMA POOL #AM4367 4.12% 09-01-2023 BEO |
153,131.02 | |||||||
FNMA POOL #FN0001 3.766% 12-01-2020 BEO |
131,948.05 | |||||||
FNMA POOL #FN0009 3.414% DUE 10-01-2020 BEO |
107,503.50 | |||||||
FNMA POOL #MA1512 3.5% 07-01-2033 BEO |
227,242.49 | |||||||
FNMA POOL #MA1607 3% 10-01-2033 BEO |
257,648.36 | |||||||
FNMA SINGLE FAMILY MORTGAGE 2.5% 15 YEARS SETTLES JANUARY |
418,280.58 | |||||||
FNMA SINGLE FAMILY MORTGAGE 3% 30 YEARS SETTLES JANUARY |
835,007.52 | |||||||
FNMA SINGLE FAMILY MORTGAGE 3.5% 30 YEARS SETTLES JANUARY |
2,001,542.62 | |||||||
FNMA SINGLE FAMILY MORTGAGE 4% 30 YEARS SETTLES JANUARY |
423,268.80 |
25.
FNMA SINGLE FAMILY MORTGAGE 4.5% 30 YEARS SETTLES JANUARY |
523,739.38 | |||||||
GNMA II JUMBOS 3.5% 30 YEARS SETTLES JAN |
635,901.21 | |||||||
GNMA II JUMBOS 4.5% 30 YEARS SETTLES JANUARY |
150,412.50 | |||||||
GNMA POOL #MA2960 3% 07-20-2045 BEO |
493,453.92 | |||||||
GNMA POOL #MA3033 3% 08-20-2045 BEO |
290,167.23 | |||||||
GNMA POOL #MA3173 3.5% 10-20-2045 BEO |
244,102.17 | |||||||
GNMAII POOL #MA2961 SER 2045 3.5% DUE 07-20-2045 |
239,851.75 | |||||||
GNMAII POOL #MA3106 4.0% DUE 09-20-2045 REG |
309,243.44 | |||||||
CMO NCUA GTD NTS TR 2011-C1 SR NT II-A DUE 03-09-2021 REG |
209,650.36 | |||||||
FEDERAL HOME LN MTG CORP FLT RT 07-25-2020 REG |
106,787.06 | |||||||
FHLMC MULTICLASS TRANCHE 00154 3.511 04-25-2030 |
111,639.44 | |||||||
FHLMC MULTICLASS TRANCHE 00268 3.16100001335 05-25-2025 |
50,400.75 | |||||||
FNMA REMIC TR 2015-M2 CL-A3 VAR RATE 12-25-2024 |
209,743.52 | |||||||
CMO 2005-AR13 MTG PASSTHRU CTF CL A-1A2 DUE 10-25-2045 REG |
225,079.22 | |||||||
CMO IMPAC CMB TR 2004-7 CL 1-A-1 FLTG RATE DUE 11-25-2034 REG |
223,552.37 | |||||||
CMO MORGAN STANLEY MTG LN TR 2004-2AR DUE 01-25-2035 REG |
207,230.29 | |||||||
CMO RESIDENTIAL ASSET MTG PRODS INC 2004-SP3 MTG LN ASSET AII FLTG 9-25-2034 |
203,499.26 | |||||||
CMO SEQUOIA MTG TR 2003-2 MTG PASSTHRU CTF CL A-1 VAR RATE DUE 06-20-2033 REG |
219,425.12 | |||||||
CMO SEQUOIA MTG TR 2004-1 2004-12 MTG PASSTHRU CTF 1A1 DUE 01-20-2035 REG |
221,595.04 | |||||||
CMO SEQUOIA MTG TR 2004-1 2004-4 CL A FLTG RATE DUE 05-20-2034 REG |
225,661.45 | |||||||
CMO SER 2005-AR9 CL A1A FLT RT DUE 07-25-2045 REG |
234,882.09 | |||||||
CMO STRUCTURED ADJ RATE MTG LN TR DUE 11-25-2034 REG |
199,475.01 | |||||||
CMO STRUCTURED ADJ RATE MTG LN TR SER 2005-16 CL A1 DUE 08-25-2035 REG |
209,096.82 | |||||||
CMO STRUCTURED ASSET SECS CORP 2004-3AC CL A1 DUE 03-25-2034 REG |
229,753.66 | |||||||
CMO STRUCTURED ASSET SECS CORP SER 2004-10 CL 3A2 DUE 08-25-2034 BEO |
230,509.34 | |||||||
CMO WA MUT MTG SECS CORP 2003-AR1 MTG PASSTHRU CTF CL A-5 VAR 03-25-2033BEO |
154,860.75 | |||||||
CMO WAMU MTG PASS-THRU CTFS 2005-AR2 CTFCL 2A-2A1 DUE 12-25-2044 REG |
232,474.16 | |||||||
CMO WAMU MTG PASS-THRU CTFS SER 2005-AR13 CL A-1A1 FLT 10-25-45 |
208,223.29 | |||||||
BRAZOS HIGHER ED AUTH INC SER 2005 I NT CL A-10 VAR RT 12-26-2019 |
436,374.02 | |||||||
CHASE ISSUANCE TR 2014-3 CL A NTS 05-15-2018 REG |
284,929.04 | |||||||
CITIBANK CR CARD ISSUANCE TR 2006-A8 NT FLTG 12-17-2018 REG |
284,303.75 | |||||||
HONDA AUTO .69% DUE 08-21-2017 |
284,594.73 | |||||||
NISSAN AUTO .67% DUE 09-15-2017 |
266,417.61 | |||||||
SLM STUD LN TR FLTG RT 2.3186% DUE 07-25-2023 |
553,246.65 |
26.
SLM STUDENT LN TR SER 2005-10 CL A4 FLT RT 10-25-2019 BEO |
192,942.96 | |||||||
SLM STUDENT LN TR 2006-9 CL A5 FLT RT 01-26-2026 BEO |
486,399.50 | |||||||
SLM STUDENT LN TR 2012-2 STUDENT LN BKD NTS CL A FLTG 01-25-2029 REG |
410,075.43 | |||||||
TOYOTA AUTO .76% DUE 03-15-2018 |
279,298.88 | |||||||
2007-11 NT CL A FLTG 12-15-2019 BEO |
288,497.22 | |||||||
CMO BEAR STEARNS COML MTG SECS TR 2006-PWR12 MTG PASSTHRU CTF 09-11-2038 |
116,236.23 | |||||||
* |
CMO J P MORGAN CHASE COML MTG SECS TR 2006-CIBC16 CL A4 DUE 05-12-2045 REG |
401,690.64 | ||||||
* |
CMO J P MORGAN CHASE COML MTG SECS TR 2006-LDP7 CL A-4 DUE 04-17-2045 REG |
256,537.58 | ||||||
CMO MERRILL LYNCH MTG TR 2006-C1 CL A-4 DUE 05-12-2039 REG |
261,120.84 | |||||||
CMO MORGAN STANLEY CAP I TR 2006-HQ9 CL A-4 5.731 DUE 08-01-2016 REG |
464,302.57 | |||||||
CMO MORGAN STANLEY CAP I TR 2011-C3 SER 2011-C3 CL A-2 3.224 DUE 07-15-2049 REG |
535,575.22 | |||||||
CMO WACHOVIA BK COML MTG TR COML MTG PASSTHR CL A-3 DUE 06-15-2045 REG |
384,407.80 | |||||||
PVTPL CMO DBUBS 2011-LC2 MTG TR CL A-2 3.386% DUE 07-10-2044 BEO |
494,850.49 | |||||||
* |
PVTPL CMO J P MORGAN CHASE COML MTG SEC 2011-C4 A-2 3.3412 DUE 07-15-16 BEO |
250,938.64 | ||||||
PVTPL CMO MORGAN STANLEY BK AMER MERRILLLYNCH TR COML MTG 1.863 2-15-46 |
568,575.57 | |||||||
PVTPL CMO OBP DEPOSITOR LLC TR 2010 OBP CTF 144A 4.6462 DUE 07-15-2045 BEO |
107,742.20 | |||||||
VNDO 2012-6AVE MTG TR SER 2012-6AVE CL A2.9950 144A DUE 11-15-2030 |
113,293.98 | |||||||
FEDERAL HOME LN MTG CORP POOL #G0-8681 3.5% 12-01-2045 BEO |
309,067.80 | |||||||
FEDERAL HOME LN MTG CORP POOL #G08650 3.5% 06-01-2045 BEO |
440,930.31 | |||||||
FEDERAL HOME LN MTG CORP POOL #G08653 3%07-01-2045 BEO |
216,211.33 | |||||||
FEDERAL HOME LN MTG CORP POOL #G08669 4%09-01-2045 BEO |
438,138.66 | |||||||
FEDERAL HOME LN MTG CORP POOL #G18568 2.5% 09-01-2030 BEO |
222,080.30 | |||||||
FEDERAL HOME LN MTG CORP POOL #G60238 3.5% 10-01-2045 BEO |
1,054,179.12 | |||||||
FEDERAL NATL MTG ASSN GTD MTG POOL #AL0600 4.301% DUE 07-01-2021 BEO |
568,076.17 | |||||||
FEDERAL NATL MTG ASSN GTD MTG POOL #AL0705 3.477% DUE 12-01-2020 BEO |
116,189.37 | |||||||
FEDERAL NATL MTG ASSN GTD MTG POOL #AL7092 3% 07-01-2045 BEO |
545,946.58 | |||||||
FNMA POOL #AM4522 3.95% 10-01-2024 BEO |
229,456.28 | |||||||
FNMA POOL #FN0001 3.766% 12-01-2020 BEO |
278,033.40 | |||||||
FNMA POOL #FN0003 4.283% DUE 01-01-2021 BEO |
490,088.42 | |||||||
FNMA POOL #FN0004 3.619% DUE 12-01-2020 BEO |
269,572.31 |
27.
FNMA POOL #FN0009 3.414% DUE 10-01-2020 BEO |
275,769.85 | |||||||
FNMA POOL #464916 4.16% DUE 04-01-2020 BEO |
188,628.86 | |||||||
FNMA POOL #465738 3.915% DUE 10-01-2020 BEO |
282,673.28 | |||||||
FNMA POOL #466216 3.54% DUE 10-01-2020 BEO |
226,456.49 | |||||||
FNMA POOL #467626 3.74% DUE 05-01-2018 BEO |
209,001.59 | |||||||
FNMA POOL #468477 4.59% 08-01-2026 BEO |
225,184.25 | |||||||
FNMA POOL #469217 3.68% DUE 10-01-2021 BEO |
224,438.81 | |||||||
FNMA SINGLE FAMILY MORTGAGE 2.5% 15 YEARS SETTLES JANUARY |
342,687.70 | |||||||
FNMA SINGLE FAMILY MORTGAGE 3.5% 30 YEARS SETTLES JANUARY |
1,083,309.15 | |||||||
FNMA SINGLE FAMILY MORTGAGE 3% 30 YEARS SETTLES JANUARY |
555,005.00 | |||||||
FNMA SINGLE FAMILY MORTGAGE 4.5% 30 YEARS SETTLES FEBRUARY |
285,732.01 | |||||||
FNMA SINGLE FAMILY MORTGAGE 4% 30 YEARS SETTLES JANUARY |
920,609.64 | |||||||
GNMA II JUMBOS 3.5% 30 YEARS SETTLES JAN |
218,916.81 | |||||||
GNMA II JUMBOS 4.5% 30 YEARS SETTLES JANUARY |
112,809.38 | |||||||
GNMA POOL #MA3033 3% 08-20-2045 BEO |
230,132.64 | |||||||
GNMA POOL #MA3173 3.5% 10-20-2045 BEO |
420,686.72 | |||||||
GNMAII POOL #MA3174 SER 2045 4% DUE 10-20-2045 REG |
237,603.36 | |||||||
FHLMC MULTICLASS TRANCHE 00268 3.16100001335 05-25-2025 |
110,881.65 | |||||||
FHLMC MULTICLASS TRANCHE 00738 05-25-2022 |
568,618.35 | |||||||
FNMA SER 2012-M11 CL FA FLTG RT DUE 08-25-2019 BEO |
564,640.51 | |||||||
FNMA SR 2013-M14 CL A2 VAR RT DUE 10-25-2023 |
510,032.18 | |||||||
AMERN EXPRESS CR A/C MASTER TR FLTG RT SER 2014-4 CL A 12-15-2021 |
1,146,098.05 | |||||||
BRAZOS HIGHER ED AUTH INC SER 2005 I NT CL A-10 VAR RT 12-26-2019 |
393,800.94 | |||||||
EDUCATIONAL FDG SOUTH INC NT CL A-2 FLTGRATE 04-25-2035 REG |
390,148.59 | |||||||
PVTPL ACADEMIC LN FDG TR SER 2012-1A CL A1 FLTG RT 144A DUE 12-27-2022 |
752,981.73 | |||||||
SLM STUDENT LN TR 2005-6 STUDENT LN-BKD NT CL A6 VAR 10-27-2031 REG |
750,726.40 | |||||||
SLM STUDENT LN TR 2008-8 STUDENT LOAN BKD NT CL A-4 FLTG 04-25-2023 REG |
1,490,928.27 | |||||||
FED HOME LN MTG CORP GOLD POOL# Q16042 3.5 DUE 3-01-2043 |
18,490.59 | |||||||
FEDERAL NATL MTG ASSN GTD MTG POOL #AJ1520 4.5% DUE 09-01-2041 |
1,345,988.61 | |||||||
FEDERAL NATL MTG ASSN GTD MTG POOL #AJ5304 4% 11-01-2041 BEO |
394,013.13 | |||||||
FEDERAL NATL MTG ASSN GTD MTG POOL #AJ7689 4% 12-01-2041 BEO |
456,050.37 | |||||||
FEDERAL NATL MTG ASSN GTD MTG POOL #AL0071 5% 05-01-2040 BEO |
124,372.74 | |||||||
FEDERAL NATL MTG ASSN GTD MTG POOL #AL0215 4.5% 04-01-2041 BEO |
391,812.83 | |||||||
FHLMC GOLD G06858 5 11-01-2041 |
584,792.69 | |||||||
FHLMC GOLD POOL #U9-0772 3.5 01-01-2043 |
185,750.31 | |||||||
FHLMC GOLD POOL# U91254 4 DUE 04-01-2043 |
185,536.06 | |||||||
FHLMC GOLD POOL#Q17792 3.5 DUE 05-01-2043 |
168,204.92 | |||||||
FHLMC GOLD U90503 3.5 11-01-2042 |
349,255.25 | |||||||
FHLMC GOLD U90903 3.5 02-01-2043 |
94,591.62 |
28.
FNMA POOL #AA9204 6% DUE 08-01-2039 |
670,668.88 | |||||||
FNMA POOL #AA9999 6% DUE 08-01-2039 |
390,561.27 | |||||||
FNMA POOL #AB2038 4.5% DUE 01-01-2031 |
1,113,389.78 | |||||||
FNMA POOL #AC0481 5.5% 09-01-2039 BEO |
913,070.59 | |||||||
FNMA POOL #AC2956 6% DUE 09-01-2039 |
1,082,532.95 | |||||||
FNMA POOL #AE5471 4.5% 10-01-2040 BEO |
1,222,560.06 | |||||||
FNMA POOL #AQ4555 4% 12-01-2042 BEO |
156,360.63 | |||||||
FNMA POOL #AQ8181 3.5% 01-01-2043 BEO |
80,556.77 | |||||||
FNMA POOL #AR7503 4% DUE 03-01-2043 |
844,878.86 | |||||||
FNMA POOL #AS0089 3.5% DUE 08-01-2043 REG |
2,558,206.37 | |||||||
FNMA POOL #AT8691 4% DUE 08-01-2043 |
2,140,923.13 | |||||||
FNMA POOL #AV0639 3.5% 11-01-2028 BEO |
349,995.65 | |||||||
FNMA POOL #AV1854 3.5% DUE 12-01-2028 |
133,126.63 | |||||||
FNMA POOL #AV1872 4% 12-01-2043 BEO |
246,253.52 | |||||||
FNMA POOL #AV3959 3.5% 01-01-2029 BEO |
121,283.71 | |||||||
FNMA POOL #AV4770 3.5% DUE 12-01-2028 |
597,310.36 | |||||||
FNMA POOL #MA0596 4% 12-01-2025 BEO |
425,487.43 | |||||||
FNMA POOL #MA0913 4.5% 11-01-2031 BEO |
1,409,434.46 | |||||||
FNMA POOL #MA0939 4.5% 12-01-2031 BEO |
61,455.10 | |||||||
FNMA POOL #MA1283 3.5% 12-01-2042 BEO |
1,215,384.92 | |||||||
FNMA POOL #MA1437 3.5% 05-01-2043 BEO |
812,906.26 | |||||||
FNMA POOL #254793 5% 07-01-2033 BEO |
21,871.46 | |||||||
FNMA POOL #256045 5% DUE 12-01-2025 REG |
263,296.11 | |||||||
FNMA POOL #310088 5% DUE 06-01-2038 BEO |
120,154.47 | |||||||
FNMA POOL #555743 5% 09-01-2033 BEO |
29,866.36 | |||||||
FNMA POOL #836464 ADJ RT DUE 10-01-2035 BEO |
108,650.31 | |||||||
FNMA POOL #844052 4.065 11-01-2035 BEO |
30,903.74 | |||||||
FNMA POOL #844148 2.295% 11-01-2035 BEO |
18,589.86 | |||||||
FNMA POOL #844237 ADJ RT DUE 11-01-2035 BEO |
16,421.64 | |||||||
FNMA POOL #844789 2.211% 11-01-2035 BEO |
16,840.68 | |||||||
FNMA POOL #849077 5.5% DUE 01-01-2036 REG |
745,884.97 | |||||||
FNMA POOL #889117 5% 10-01-2035 BEO |
82,534.65 | |||||||
FNMA POOL #915154 5% DUE 04-01-2037 REG |
138,920.62 | |||||||
FNMA POOL #924874 7% 10-01-2037 BEO |
9,956.00 | |||||||
FNMA POOL #928938 7% 12-01-2037 BEO |
6,222.44 | |||||||
FNMA POOL #934648 7% DUE 11-01-2038 BEO |
31,117.75 | |||||||
FNMA POOL #955183 7% 11-01-2037 BEO |
9,929.11 | |||||||
FNMA POOL #959477 6% 12-01-2037 BEO |
154,990.65 | |||||||
FNMA POOL #974156 7% 02-01-2038 BEO |
6,144.87 | |||||||
FNMA POOL #983077 5% 05-01-2038 BEO |
126,602.71 | |||||||
FNMA POOL #985867 7% DUE 08-01-2038 BEO |
4,908.29 | |||||||
FNMA POOL #991549 7% 11-01-2038 BEO |
7,112.66 |
29.
FNMA POOL #995072 5.5% 08-01-2038 BEO |
44,760.03 | |||||||
GNMA POOL #AC8757 3.5 DUE 05-15-2043 REG |
470,570.11 | |||||||
GNMA POOL #MA1678 4% 02-20-2044 BEO |
733,625.99 | |||||||
GNMA POOL #4617 4.5% 01-20-2040 BEO |
599,962.16 | |||||||
GNMA POOL #4772 5% 08-20-2040 BEO |
32,853.61 | |||||||
GNMA POOL #4871 6% 11-20-2040 BEO |
94,222.85 | |||||||
GNMA POOL #4882 4% 12-20-2040 BEO |
1,496,620.33 | |||||||
GNMA POOL #4928 6% 01-20-2041 BEO |
112,438.92 | |||||||
GNMA POOL #5240 6% 11-20-2041 BEO |
61,891.51 | |||||||
GNMAII POOL #4696 SER 2040 4.5% DUE 05-20-2040 REG |
821,625.60 | |||||||
GNMAII POOL #783368 SER 2041 4.5% DUE 07-20-2041 BEO |
226,857.51 | |||||||
TOTAL MORTGAGE BACKED SECURITIES | 78,095,525.87 | |||||||
CORPORATE BONDS | ||||||||
ABBVIE INC FIXED 1.8% DUE 05-14-2018 |
174,194.30 | |||||||
ACTAVIS FDG SCS 4.75% DUE 03-15-2045 |
126,755.85 | |||||||
AMERN AIRLS 2013-2 4.95 DUE 01-15-2023 |
183,112.05 | |||||||
AMGEN INC 5.15% DUE 11-15-2041 |
53,807.40 | |||||||
AT&T INC 4.75% DUE 05-15-2046 |
96,137.58 | |||||||
AT&T INC 4.8% DUE 06-15-2044 |
50,387.48 | |||||||
AT&T INC SR NT FLTG RATE DUE 02-12-2016 REG |
99,955.70 | |||||||
BANK AMER CORP 2.625% DUE 10-19-2020 |
98,742.10 | |||||||
BANK AMER CORP 6.5% DUE 08-01-2016 |
128,645.75 | |||||||
BARCLAYS BK PLC SR GLOBAL NT 5 DUE 09-22-2016 |
112,822.60 | |||||||
BERKSHIRE HATHAWAY 4.4% DUE 05-15-2042 |
123,765.38 | |||||||
BK AMER N A CHARLOTTE N C MEDIUM TERM TRANCHE # TR 00229 5.3 DUE 03-15-2017 |
312,082.50 | |||||||
BOARDWALK 5.2% DUE 06-01-2018 |
175,153.65 | |||||||
BURL NORTHN SANTA 4.15% DUE 04-01-2045 |
72,506.16 | |||||||
CAP 1 BK USA NATL 1.2% DUE 02-13-2017 |
124,384.25 | |||||||
CATHOLIC HLTH 2.95 DUE 11-01-2022 |
82,907.22 | |||||||
CELGENE CORP 5% DUE 08-15-2045 |
75,291.60 | |||||||
CENTERPOINT ENERGY 4.5% DUE 04-01-2044 |
118,638.72 | |||||||
CITIGROUP INC 1.25% DUE 01-15-2016 |
150,019.05 | |||||||
CITIGROUP INC GLOBAL SUB NT FLTG RATE DUE 08-25-2036 REG |
205,018.56 | |||||||
CITIGROUP INC SR NT 5.3% DUE 01-07-2016 |
125,016.25 | |||||||
CONTINENTAL AIRLS PASSTHRU TR 2007-1A 5.983 DUE 10-19-2023 |
174,563.83 | |||||||
ENERGY TRANSFER PARTNERS 5.2 2-1-2022 |
186,851.00 | |||||||
ESSEX PORTFOLIO L 5.5% DUE 03-15-2017 |
182,197.23 | |||||||
EXXON MOBIL CORP 3.567% DUE 03-06-2045 |
51,691.64 | |||||||
FARMERS EXCHANGE FLTG RT 5.454% DUE 10-15-2054 |
145,781.85 | |||||||
FORD MTR CR CO LLC FLTG RT 1.55685% DUE 01-09-2018 |
247,491.00 | |||||||
GEN MTRS FINL CO 4.75 DUE 08-15-2017 |
51,822.05 |
30.
GENERAL ELEC CO 4.5% DUE 03-11-2044 |
128,641.50 | |||||||
GENERAL MTRS FINL CO INC 2.75 DUE 05-15-2016 REG |
125,365.50 | |||||||
GILEAD SCIENCES 4.5% DUE 02-01-2045 |
78,253.12 | |||||||
GOLDMAN SACHS 3.5% DUE 01-23-2025 |
49,140.65 | |||||||
GOLDMAN SACHS 4.75% DUE 10-21-2045 |
79,470.16 | |||||||
GOLDMAN SACHS 5.35% DUE 01-15-2016 |
200,209.20 | |||||||
GOLDMAN SACHS GROUP INC 5.95 DUE 01-18-2018 |
242,319.83 | |||||||
HCP INC 3.4% DUE 02-01-2025 |
163,009.35 | |||||||
HEALTHCARE RLTY TR 5.75% DUE 01-15-2021 |
137,878.13 | |||||||
HEINZ H J CO 1.6% DUE 06-30-2017 |
157,542.27 | |||||||
HLTH CARE REIT INC 3.625% DUE 03-15-2016 |
175,760.55 | |||||||
* |
JPMORGAN CHASE & 2.55% DUE 10-29-2020 |
143,783.31 | ||||||
* |
JPMORGAN CHASE & 3.15% DUE 07-05-2016 |
75,775.28 | ||||||
* |
JPMORGAN CHASE & CO 4.85 NOTES DUE 02-01-2044 |
79,963.43 | ||||||
* |
JPMORGAN CHASE BK N A NY N Y FORME NT FLTG RATE ACCD INVS DUE 06-13-2016 BEO |
349,479.90 | ||||||
MICROSOFT CORP 3.75% DUE 02-12-2045 |
69,106.13 | |||||||
MICROSOFT CORP 4.45% DUE 11-03-2045 |
51,561.15 | |||||||
MIDAMERICAN ENERGY 4.8% DUE 09-15-2043 |
187,239.68 | |||||||
MORGAN STANLEY FORMERLY MORGAN STANLEY MORGAN STANLEY 5.95 DUE 12-28-2017 |
268,831.75 | |||||||
MORGAN STANLEY SR NT 2.375% DUE 07-23-2019 |
49,832.45 | |||||||
NOBLE ENERGY INC 5.25% DUE 11-15-2043 |
16,134.34 | |||||||
NORTHEAST UTILS 3.15% DUE 01-15-2025 |
97,606.20 | |||||||
NYU HOSPS CTR 4.784% DUE 07-01-2044 |
99,823.10 | |||||||
PUB SVC CO OKLA 6.15 DUE 08-01-2016 BEO |
205,321.60 | |||||||
PVTPL CCO SAFARI II LLC BNDS 4.464% DUE 07-23-2022 BEO |
134,528.85 | |||||||
PVTPL DUQUESNE LT HLDGS INC SR NT 144A 6.4% DUE 09-15-2020/09-13-2010 BEO |
226,391.40 | |||||||
PVTPL FIRSTENERGY TRANSMISSION LLC SR NT144A 5.45% DUE 07-15-2044/05-19-2014 BEO |
100,703.20 | |||||||
PVTPL FLORIDA GAS TRANSMISSION CO SR NT 144A 7.9% DUE 05-15-2019 BEO |
208,447.27 | |||||||
PVTPL CR SUISSE GROUP FDG GUERNSEY LTD GTD SR NT 144A 3.8 DUE 09-15-2022 BEO |
79,936.88 | |||||||
PVTPL HBOS PLC MED TRM SUB NTS BK ENTRY TRANCHE # SB 00008 6.75 5-21-2018 BEO |
136,331.75 | |||||||
PVTPL INTL LEASE FIN CORP SR SECD NT 144A 7.125 DUE 09-01-2018/08-20-2010 BEO |
109,625.00 | |||||||
PVTPL WEA FIN LLC/WESTFIELD UK & EUROPE FIN NT 144A 2.7 9-17-2019/09-17-2014BEO |
198,352.40 | |||||||
RECKSON OPER 4.5% DUE 12-01-2022 |
101,196.60 | |||||||
SHELL INTERNATIONAL FIN 4.375% DUE 05-11-2045 |
51,923.69 | |||||||
SOUTHERN CAL EDISON 3.6% 02-01-2045 |
90,565.50 |
31.
SPCL1 GEN ELEC CAP CORP 5.875% DUE 01-14-2038 |
91,767.08 | |||||||
SPECTRA ENERGY 4.5% DUE 03-15-2045 |
76,847.50 | |||||||
UBS AG STAMFORD 1.375% DUE 06-01-2017 |
248,808.75 | |||||||
UNITEDHEALTH GROUP 4.625% DUE 07-15-2035 |
83,049.44 | |||||||
VENTAS REALTY LP 3.5% DUE 02-01-2025 |
215,444.48 | |||||||
VERIZON 4.862% DUE 08-21-2046 |
118,340.75 | |||||||
VERIZON COMMUNICATIONS 2.5 NTS DUE 09-15-2016 USD REG |
50,390.15 | |||||||
ZFS FINANCE USA TST FLT RT BD 144A DUE 12-15-2065/12-15-2015 BEO |
176,837.50 | |||||||
* |
MFO METROPOLITAN WEST FUNDS HIGH YIELD BD FD CL I |
959,697.05 | ||||||
* |
MFO TCW FUNDS INC EMERGING MARKETS INC FD |
259,562.33 | ||||||
NEW YORK N Y 5.206% 10-01-2031 BEO TAXABLE |
73,143.85 | |||||||
NEW YORK N Y CITY MUN WTR FIN AUTH WTR &SWR SYS REV 5.44% 06-15-2043 BEO TAXABLE |
91,291.50 | |||||||
NEW YORK N Y TAXABLE-SER D-1-BUILD AMER BDS 5.985% DUE 12-01-2036 REG TAXABLE |
73,449.60 | |||||||
NEW YORK ST DORM AUTH ST PERS INCOME TAXREV 5.427% 03-15-2039 BEO TAXABLE |
88,430.25 | |||||||
UNIVERSITY CALIF REVS 3.931% 05-15-2045 BEO TAXABLE |
97,392.00 | |||||||
ABBEY NATL TREAS 1.375% DUE 03-13-2017 |
248,966.75 | |||||||
ABBVIE INC 2.9% DUE 11-06-2022 |
217,673.55 | |||||||
ACTAVIS FDG SCS 1.85% DUE 03-01-2017 |
100,179.30 | |||||||
ACTAVIS FDG SCS 2.45% DUE 06-15-2019 |
98,918.80 | |||||||
ACTAVIS FUNDING SCS FIXED 3.8% DUE 03-15-2025 |
213,902.00 | |||||||
AEP TEX CENT CO 3.85% DUE 10-01-2025 |
202,171.20 | |||||||
AMERN EXPRESS CR CORP MEDIUM TERM NTS TRANCHE # TR 00075 2.8 DUE 09-19-2016 |
405,094.80 | |||||||
AMGEN INC 2.3% DUE 06-15-2016 |
352,013.90 | |||||||
AT&T INC SR NT FLTG RATE DUE 02-12-2016 REG |
474,789.58 | |||||||
BANK AMER CORP MTN 6% DUE 09-01-2017 |
638,526.00 | |||||||
BANK AMER CORP 6.5% DUE 08-01-2016 |
463,124.70 | |||||||
BANK OF AMER CORP 5.00 DUE 05-13-2021 |
218,510.00 | |||||||
BARCLAYS BK PLC SR GLOBAL NT 5 DUE 09-22-2016 |
307,698.00 | |||||||
BIOMED RLTY L P 3.85% DUE 04-15-2016 |
401,226.40 | |||||||
BOSTON PPTYS LTD PARTNERSHIP 3.7 15 NOV 2018 |
155,388.90 | |||||||
BP CAP MKTS P L C 3.506% DUE 03-17-2025 |
159,785.84 | |||||||
CAP ONE BK USA NATL ASSN GLEN ALLEN 1.15 11-21-2016 |
399,036.80 | |||||||
CELGENE CORP 3.875% DUE 08-15-2025 |
174,291.25 | |||||||
CITIGROUP INC SR NT 5.3% DUE 01-07-2016 |
300,039.00 | |||||||
CITIGROUP INC 1.3% DUE 04-01-2016 |
200,282.00 | |||||||
CITIGROUP INC 1.3% DUE 11-15-2016 |
573,592.40 | |||||||
CMO CONTINENTAL AIRLS PASS THRU TRS SER 2000-1 CTF CL A-1 8.048 5-1-22BEO |
280,940.63 | |||||||
CONTINENTAL AIRLS PASSTHRU TR 2007-1A 5.983 DUE 10-19-2023 |
218,204.79 |
32.
DELTA AIR LINES INC DEL PASS THRU TRS SER 2002-1 CL G-1 6.718 01-02-2023 BEO |
587,249.54 | |||||||
DEVELOPERS 9.625% DUE 03-15-2016 |
253,903.25 | |||||||
DEVON ENERGY CORP 3.25% DUE 05-15-2022 |
106,254.63 | |||||||
DISCOVER BK FIXED 2.6% DUE 11-13-2018 |
344,724.35 | |||||||
DUKE ENERGY 3.25% DUE 08-15-2025 |
302,086.50 | |||||||
ENBRIDGE ENERGY 5.875% DUE 10-15-2025 |
115,651.32 | |||||||
ENTERGY ARK INC 3.05% DUE 06-01-2023 |
221,137.20 | |||||||
ENTERGY TEX INC 7.125% DUE 02-01-2019 |
226,450.40 | |||||||
EQTY RESDNTL PPTY 5.125 3 15 16 5.125 DUE 03-15-2016 BEO |
554,258.65 | |||||||
FORD MTR CR CO LLC 3.157% DUE 08-04-2020 |
229,194.08 | |||||||
FORD MTR CR CO LLC 8% DUE 12-15-2016 |
158,568.15 | |||||||
GOLDMAN SACHS GROUP INC NT FLTG RATE DUE03-22-2016 REG |
224,787.60 | |||||||
GOLDMAN SACHS 5.35% DUE 01-15-2016 |
225,235.35 | |||||||
GOLDMAN SACHS 6.15% DUE 04-01-2018 |
651,549.60 | |||||||
HBOS PLC FR SUB MTN 09/2016 USD |
224,509.28 | |||||||
HCP INC 4% DUE 12-01-2022 |
174,190.98 | |||||||
HEALTH CARE PPTY INVS INC NT 6.3% DUE 09-15-2016/09-14-2016 |
516,930.50 | |||||||
HLTH CARE REIT INC 6.2% DUE 06-01-2016 |
458,734.05 | |||||||
JERSEY CENT PWR & 4.8% DUE 06-15-2018 |
340,369.25 | |||||||
KAISER FOUNDATION HOSPITAL 3.5 DUE 04-01-2022 REG |
177,810.85 | |||||||
MIDAMERICAN ENERGY 3.5% DUE 10-15-2024 |
229,940.55 | |||||||
MORGAN STANLEY GLOBAL MEDIUM TERM NT SERF 5.625 DUE 09-23-2019 |
662,159.40 | |||||||
MORGAN STANLEY MORGAN STANLEY 5.55% DUE 04-27-2017/04-27-2007 |
314,772.30 | |||||||
MYLAN N V 3% DUE 12-15-2018 |
299,337.90 | |||||||
NEXTERA ENERGY CAP 2.056% DUE 09-01-2017 |
350,326.20 | |||||||
PIEDMONT OPER 3.4% DUE 06-01-2023 |
234,419.00 | |||||||
PIONEER NAT RES CO 3.45% DUE 01-15-2021 |
115,419.13 | |||||||
PRIN LIFE GLOBAL 2.625% DUE 11-19-2020 |
299,295.30 | |||||||
PROVID HLTH & SVCS 4.379% DUE 10-01-2023 |
159,854.85 | |||||||
PUB SVC CO N MEX FIXED 3.85% DUE 08-01-2025 |
173,159.18 | |||||||
PUB SVC CO N MEX 7.95% DUE 05-15-2018 |
279,763.50 | |||||||
PVPTL UBS GROUP FDG JERSEY LTD 2.95% DUE 09-24-2020 BEO |
272,432.88 | |||||||
PVTPL CCO SAFARI II LLC BNDS 4.464% DUE 07-23-2022 BEO |
298,953.00 | |||||||
PVTPL CR SUISSE GROUP FDG GUERNSEY LTD GTD SR NT 144A 3.8 DUE 09-15-2022 BEO |
349,723.85 | |||||||
PVTPL DUQUESNE LT HLDGS INC SR NT 144A 6.4% DUE 09-15-2020/09-13-2010 BEO |
396,184.95 | |||||||
PVTPL INTL LEASE FIN CORP SR SECD NT 144A 7.125 DUE 09-01-2018/08-20-2010 BEO |
548,125.00 | |||||||
PVTPL NATIONWIDE MUT INS CO FLTG RT SURPNT 144A 5.81 12-15-2024/2004 BEO |
241,802.25 | |||||||
PVTPL NEW YORK LIFE GLOBAL FDG 1.55% DUE 11-02-2018 |
297,556.50 |
33.
PVTPL PRICOA GLOBAL FDG I MEDIUM TERM NTS BOOK 2.55% 11-24-2020 |
228,906.12 | |||||||
PVTPL RUBY PIPELINE L L C NT 6 DUE 04-01-2022 |
208,292.80 | |||||||
PVTPL TEXAS EASTN TRANSMISSION LP SR NT 2.8 DUE 10-15-2022 |
355,535.60 | |||||||
PVTPL WEA FIN LLC/WESTFIELD UK & EUROPE FIN NT 144A 2.7 9-17-2019/09-17-2014BEO |
396,704.80 | |||||||
RECKSON OPER PARTNERSHIP L P 6 DUE 03-31-2016 BEO |
504,663.50 | |||||||
REGENCY ENERGY 5% DUE 10-01-2022 |
442,938.50 | |||||||
ROYAL BK SCOTLAND 4.375% DUE 03-16-2016 |
503,262.00 | |||||||
SEMPRA ENERGY 6.5% DUE 06-01-2016 |
330,902.65 | |||||||
SHELL INTERNATIONAL FIN 3.25% 05-11-2025 |
146,396.25 | |||||||
SOUTHWESTN ELEC 3.55 DUE 02-15-2022 |
202,930.80 | |||||||
TUCSON ELEC PWR CO 5.15 DUE 11-15-2021 |
325,584.00 | |||||||
U.S AWYS 2011-1 7.125% DUE 10-22-2023 |
216,889.52 | |||||||
US AWYS PASS THRU 6.25% DUE 04-22-2023 |
337,714.81 | |||||||
VENTAS RLTY LTD PARTNERSHIP 1.25 DUE 04-17-2017 |
595,575.60 | |||||||
VERIZON COMMUNICATIONS 5.15 BDS DUE 09-15-2023 USD2000 REG |
549,663.00 | |||||||
VISA INC 3.15% DUE 12-14-2025 |
200,247.20 | |||||||
WACHOVIA BK NATL FLTG RT .60325% DUE 03-15-2016 |
599,848.20 | |||||||
WELLS FARGO & CO 2.55% DUE 12-07-2020 |
288,574.36 | |||||||
ABBEY NATL TREAS 4% DUE 04-27-2016 |
252,302.00 | |||||||
ABBVIE INC 1.75% DUE 11-06-2017 |
159,689.44 | |||||||
ABN AMRO BK N V 4.65% DUE 06-04-2018 |
185,591.34 | |||||||
ACE INA HLDGS INC 2.3% DUE 11-03-2020 |
49,640.45 | |||||||
ACE INA HLDGS INC 3.35% DUE 05-03-2026 |
39,877.44 | |||||||
ACTAVIS FDG SCS 3.45% DUE 03-15-2022 |
60,065.46 | |||||||
ACTAVIS FUNDING SCS FIXED 3.8% DUE 03-15-2025 |
89,540.37 | |||||||
AGILENT 5% DUE 07-15-2020 |
343,790.72 | |||||||
ALTRIA GROUP INC 2.85 DUE 08-09-2022 REG |
175,478.58 | |||||||
ALTRIA GROUP INC 2.95% DUE 05-02-2023 |
437,808.60 | |||||||
ALTRIA GROUP INC 9.25% DUE 08-06-2019 |
122,397.90 | |||||||
AMERN INTL GROUP 6.4% DUE 12-15-2020 |
323,017.80 | |||||||
AMGEN INC 3.625% DUE 05-22-2024 |
9,996.27 | |||||||
ANADARKO PETE CORP 5.95% DUE 09-15-2016 |
20,551.14 | |||||||
ANADARKO PETE CORP 6.375% DUE 09-15-2017 |
377,503.92 | |||||||
ANHEUSER BUSCH GTD NT 5.375 DUE 01-15-2020 |
132,786.72 | |||||||
ANHEUSER BUSCH INBEV FIN INC 3.7 DUE 02-01-2024 |
51,010.55 | |||||||
ANHEUSER BUSCH 2.5% DUE 07-15-2022 |
269,383.52 | |||||||
APACHE CORP 3.25 DUE 04-15-2022 REG |
186,678.04 | |||||||
AT&T INC 3.4% DUE 05-15-2025 |
269,105.20 | |||||||
AT&T INC 4.45% DUE 05-15-2021 |
42,574.16 | |||||||
AT&T INC 5.5% DUE 02-01-2018 |
160,348.20 | |||||||
BAKER HUGHES INC 3.2 DUE 08-15-2021 |
109,292.70 |
34.
BANK AMER CORP BDS 4 04-01-2024 |
470,448.90 | |||||||
BANK AMER CORP 3.3% DUE 01-11-2023 |
39,373.00 | |||||||
BANK AMER CORP 4.1% DUE 07-24-2023 |
1,013,283.74 | |||||||
BANK AMER CORP 4% DUE 01-22-2025 |
68,524.96 | |||||||
BANK AMER CORP 5.625% DUE 07-01-2020 |
33,323.07 | |||||||
BANK AMER CORP 6.5% DUE 08-01-2016 |
699,832.88 | |||||||
BANK OF AMERICA CORP BNDS 4.2 DUE 08-26-2024 |
188,513.82 | |||||||
BANK OF AMERICA CORP 2.6 DUE 01-15-2019 |
160,521.44 | |||||||
BHP BILLITON FIN USA LTD 6.5 DUE 04-01-2019 |
220,308.20 | |||||||
BHP BILLITON FIN 3.25% DUE 11-21-2021 |
131,502.28 | |||||||
BNP PARIBAS / BNP US MEDIUM TERM NTS 2.375 DUE 09-14-2017 |
121,425.48 | |||||||
BNP PARIBAS US MEDIUM TERMTRANCHE # TR 330 2.7 DUE 08-20-2018 |
294,158.60 | |||||||
BOEING CO SR NT 6 DUE 03-15-2019 |
291,699.98 | |||||||
BOTTLING GROUP LLC 5.5% DUE 04-01-2016 |
303,373.20 | |||||||
BP CAP MKTS P L C 3.245 DUE 05-06-2022 |
49,376.85 | |||||||
BP CAP MKTS P L C 3.506% DUE 03-17-2025 |
67,787.93 | |||||||
BRIT TELECOM 2.35 DUE 02-14-2019 |
260,695.76 | |||||||
CCO SAFARI II LLC SR SECD NT 144A 4.908% 23 JUL 2025 |
249,756.75 | |||||||
CELGENE CORP 3.55% DUE 08-15-2022 |
90,874.89 | |||||||
CELGENE CORP 3.875% DUE 08-15-2025 |
219,109.00 | |||||||
CITIGROUP INC 3.5% DUE 05-15-2023 |
393,286.80 | |||||||
CITIGROUP INC 3.875% DUE 10-25-2023 |
62,005.20 | |||||||
CITIGROUP INC 4.3% DUE 11-20-2026 |
39,802.56 | |||||||
CITIGROUP INC 4.4% DUE 06-10-2025 |
141,401.12 | |||||||
CITIGROUP INC 5.5% DUE 09-13-2025 |
922,669.90 | |||||||
CNOOC FIN 2015 U S 3.5% DUE 05-05-2025 |
494,959.92 | |||||||
COMCAST CORP NEW 2.85% DUE 01-15-2023 |
198,706.20 | |||||||
COMCAST CORP NEW 3.375 DUE 02-15-2025 |
50,461.10 | |||||||
COMCAST CORP NEW 5.15% DUE 03-01-2020 |
256,985.67 | |||||||
CONOCOPHILLIPS 6 DUE 01-15-2020 |
22,282.12 | |||||||
COOPERATIEVE 4.375% DUE 08-04-2025 |
254,263.25 | |||||||
COOPERATIEVE 4.625% DUE 12-01-2023 |
1,563,217.50 | |||||||
CR SUISSE AG FIXED 3.625% DUE 09-09-2024 |
251,966.00 | |||||||
CVS CAREMARK CORP 4 DUE 12-05-2023 |
259,804.75 | |||||||
CVS HEALTH CORP 2.8% DUE 07-20-2020 |
170,763.64 | |||||||
CVS HEALTH CORP 3.875% DUE 07-20-2025 |
204,116.00 | |||||||
CVS HEALTH CORP 4.125% DUE 05-15-2021 |
317,352.90 | |||||||
DEUTSCHE BK AG 6% DUE 09-01-2017 |
360,120.86 | |||||||
DEUTSCHE TELEKOM 5.75% DUE 03-23-2016 |
232,124.97 | |||||||
DEVON ENERGY CORP 6.3% DUE 01-15-2019 |
324,544.50 | |||||||
DIAGEO CAP PLC GTD NT 4.828 DUE 07-15-2020 |
436,797.20 |
35.
DUKE ENERGY CORP 3.55% DUE 09-15-2021 |
163,400.16 | |||||||
EATON CORP OHIO 2.75% DUE 11-02-2022 |
299,969.02 | |||||||
ECOLAB INC 4.35% DUE 12-08-2021 |
42,710.76 | |||||||
ECOPETROL S A 5.375% DUE 06-26-2026 |
144,925.00 | |||||||
EL PASO NAT GAS CO 5.95% DUE 04-15-2017 |
606,847.20 | |||||||
ENSCO PLC FORMERLY 4.7% DUE 03-15-2021 |
88,569.69 | |||||||
FORD MTR CR CO LLC 8.125% DUE 01-15-2020 |
800,891.76 | |||||||
FREEPORT-MCMORAN 4% DUE 11-14-2021 |
24,000.00 | |||||||
GEN ELEC CAP CORP MEDIUM TERM NTS BO TRANCHE # TR 00849 4.65 DUE 10-17-2021 |
311,114.21 | |||||||
GEN ELEC CAP CORP 5.3% DUE 02-11-2021 |
157,866.80 | |||||||
GEN ELEC CAP CORP 6% DUE 08-07-2019 |
114,416.84 | |||||||
GEN MTRS FINL CO 3.7% DUE 11-24-2020 |
80,216.40 | |||||||
GILEAD SCIENCES 2.05% DUE 04-01-2019 |
400,738.80 | |||||||
GLENCORE FDG LLC 2.875% DUE 04-16-2020 |
249,600.00 | |||||||
GOLDMAN SACHS GROUP INC SR NT 3.625 01-22-2023 |
455,109.75 | |||||||
GOLDMAN SACHS GROUP INC 7.5 02-15-2019 MTN1 |
400,491.35 | |||||||
GOLDMAN SACHS 4.25% DUE 10-21-2025 |
89,312.13 | |||||||
GOLDMAN SACHS 4% DUE 03-03-2024 |
431,079.60 | |||||||
GOLDMAN SACHS 6 DUE 06-15-2020 |
1,310,927.60 | |||||||
HALLIBURTON CO 2.7% DUE 11-15-2020 |
19,768.96 | |||||||
HALLIBURTON CO 3.8% DUE 11-15-2025 |
126,583.86 | |||||||
HESS CORP NT 8.125 DUE 02-15-2019 REG |
102,003.84 | |||||||
HSBC FIN CORP 6.676% DUE 01-15-2021 |
114,767.60 | |||||||
HSBC HLDGS PLC 4.25% DUE 08-18-2025 |
208,405.47 | |||||||
HUMANA INC 3.15 DUE 12-01-2022 |
38,883.28 | |||||||
HUMANA INC 7.2% DUE 06-15-2018 |
234,972.78 | |||||||
INTEL CORP 3.7% DUE 07-29-2025 |
20,687.10 | |||||||
INTESA SANPAOLO S 3.125% DUE 01-15-2016 |
200,099.80 | |||||||
KIMBERLY CLARK 6.125% DUE 08-01-2017 |
150,414.88 | |||||||
KLA-TENCOR CORP 4.125% DUE 11-01-2021 |
260,377.52 | |||||||
KRAFT FOODS GROUP 5.375% DUE 02-10-2020 |
209,133.73 | |||||||
KROGER CO 4 DUE 02-01-2024 |
259,100.25 | |||||||
LLOYDS BK PLC NY BRNCH GTD SR NT 2.3 DUE11-27-2018 REG |
250,992.50 | |||||||
MASTERCARD INC 3.375 DUE 04-01-2024 BEO |
183,949.38 | |||||||
* |
MCDONALDS CORP 2.75% DUE 12-09-2020 |
269,813.97 | ||||||
MEDTRONIC INC 3.125 DUE 03-15-2022 REG |
191,922.80 | |||||||
MEDTRONIC INC 3.5% DUE 03-15-2025 REG |
292,369.30 | |||||||
MERCK & CO INC NEW FIXED 2.75% DUE 02-10-2025 |
68,145.56 | |||||||
MERRILL LYNCH & CO INC MEDIUM TERM NTS BTRANCHE # TR 00677 6.875% DUE 04-25-2018 |
165,488.55 | |||||||
MERRILL LYNCH & CO INC SUB NT 5.7% DUE 05-02-2017/05-02-2007 |
521,438.00 |
36.
METLIFE INC FIXED 2.463% DUE 12-15-2017 |
100,588.30 | |||||||
METLIFE INC SR NT SER D STEP UP 09-15-2023 09-11-2015 |
483,162.75 | |||||||
METLIFE INC 6.75% DUE 06-01-2016 |
286,413.68 | |||||||
MONDELEZ INTL INC 4 DUE 02-01-2024 |
298,930.55 | |||||||
MORGAN STANLEY MORGAN STANLEY 5.55% DUE 04-27-2017/04-27-2007 |
482,650.86 | |||||||
NBCUNIVERSAL MEDIA LLC SR NT 4.375 4-1-2021 |
10,862.30 | |||||||
NOBLE ENERGY INC 4.15% DUE 12-15-2021 |
271,359.48 | |||||||
OCCIDENTAL PETE 3.125% DUE 02-15-2022 |
87,999.57 | |||||||
ORACLE CORP 1.2% DUE 10-15-2017 |
190,100.70 | |||||||
PEPSICO INC SR NT 2.5% DUE 05-10-2016 |
100,609.50 | |||||||
PEPSICO INC 7.9% DUE 11-01-2018 |
108,973.49 | |||||||
PERRIGO CO PLC 2.3% DUE 11-08-2018 |
404,180.05 | |||||||
PHILIP MORRIS INTL 5.65% DUE 05-16-2018 |
414,589.88 | |||||||
PHILLIPS 66 2.95% DUE 05-01-2017 |
101,359.20 | |||||||
PLAINS EXPL & 6.875 DUE 02-15-2023 |
110,880.00 | |||||||
PLAINS EXPLORATION 6.5 15 NOV 2020 |
16,770.00 | |||||||
POTASH CORP SASK 4.875% DUE 03-30-2020 |
32,522.55 | |||||||
PVTPL AVIATION CAP GROUP CORP SR NT 144A6.75% DUE 04-06-2021 BEO |
123,200.00 | |||||||
PVTPL BAXALTA INC SR NT 4% DUE 06-23-2025 |
257,297.82 | |||||||
PVTPL GE CAP INTL FDG CO MEDIUM TERM NTSBOOK TR 00126 2.342 11-15-20 BEO |
1,077,934.42 | |||||||
PVTPL HEINZ H J CO 4.875% DUE 02-15-2025 |
340,152.00 | |||||||
PVTPL HYUNDAI CAP AMER 2.4% DUE 10-30-2018 BEO |
219,317.56 | |||||||
PVTPL INTL LEASE FIN CORP SR SECD NT 144A 6.75 DUE 09-01-2016/08-20-2010 BEO |
113,025.00 | |||||||
PVTPL UBS GROUP FDG JERSEY LTD SR NT 144A 4.125% DUE 09-24-2025 BEO |
249,740.75 | |||||||
PVTPL WRIGLEY WM JR CO NT 2.9 DUE 10-21-2019 |
504,627.00 | |||||||
RABOBANK NEDERLAND UTREC 3.375 19 JAN 2017 |
235,113.82 | |||||||
REYNOLDS AMERN INC FIXED 4.45% DUE 06-12-2025 |
198,707.89 | |||||||
REYNOLDS AMERN INC 3.25% DUE 06-12-2020 |
81,304.24 | |||||||
REYNOLDS AMERN INC 8.125% DUE 06-23-2019 |
305,946.42 | |||||||
ROYAL BK SCOTLAND 6.4% DUE 10-21-2019 |
443,791.60 | |||||||
SANTANDER HLDGS 3.45% DUE 08-27-2018 |
172,829.82 | |||||||
SANTANDER HLDGS 4.625% DUE 04-19-2016 |
393,421.47 | |||||||
SCHLUMBERGER HLDGS CORP 144A 3.0% 12-21-2020 BEO |
286,253.49 | |||||||
SHELL INTERNATIONAL FIN 3.25% 05-11-2025 |
165,915.75 | |||||||
SHELL INTL FIN B V GTD NT 4.375 DUE 03-25-2020 |
123,513.57 | |||||||
SHELL INTL FIN B V 2.25% DUE 11-10-2020 |
325,145.37 | |||||||
SINOPEC GRP 4.375 DUE 04-10-2024 |
537,234.36 | |||||||
SYNCHRONY FINANCIAL 3 NTS 08-15-2019 USD1000 |
119,833.44 | |||||||
THERMO FISHER SCIENTIFIC INC 2.4 DUE 02-01-2019 REG |
149,934.15 | |||||||
THERMO FISHER 3.6% DUE 08-15-2021 |
81,235.44 |
37.
TIME WARNER CABLE INC 8.25 DUE 04-01-2019 REG |
11,483.00 | |||||||
TIME WARNER CABLE 4% DUE 09-01-2021 |
555,352.05 | |||||||
TIME WARNER INC NEW NT 4.75 DUE 03-29-2021 |
214,978.20 | |||||||
TOYOTA MTR CR CORP MEDIUM TERM NTS BOOK TRANCHE # TR 00893 1.375 01-10-2018 |
260,528.32 | |||||||
TYSON FOODS INC 3.9 DUE 08-15-2024 |
236,143.07 | |||||||
UNITEDHEALTH GROUP 1.625% DUE 03-15-2019 |
474,695.52 | |||||||
UNITEDHEALTH GROUP 2.875% DUE 03-15-2023 |
247,343.00 | |||||||
UTD TECHNOLOGIES 4.5% DUE 04-15-2020 |
65,659.14 | |||||||
VERIZON COMMUNICATIONS 5.15 BDS DUE 09-15-2023 USD2000 REG |
978,400.14 | |||||||
VERIZON NT 6.35 DUE 04-01-2019 |
123,753.74 | |||||||
VERIZON 2.45% DUE 11-01-2022 |
18,931.60 | |||||||
VERIZON 2.625% DUE 02-21-2020 |
257,893.59 | |||||||
VIACOM INC NEW 3.875% DUE 04-01-2024 |
28,111.29 | |||||||
VISA INC 2.2% DUE 12-14-2020 |
279,478.92 | |||||||
VISA INC 3.15% DUE 12-14-2025 |
140,173.04 | |||||||
WAL-MART STORES 4.25% DUE 04-15-2021 |
220,196.00 | |||||||
WASTE MGMT INC DEL 3.5% DUE 05-15-2024 |
120,962.04 | |||||||
WELLPOINT INC NT 4.35 DUE 08-15-2020 |
180,056.01 | |||||||
WELLPOINT INC 3.125% DUE 05-15-2022 |
78,514.48 | |||||||
WELLPOINT INC 3.7% DUE 08-15-2021 |
81,763.36 | |||||||
WELLS FARGO & CO NEW MEDIUM TERM SR 4.125 DUE 08-15-2023 |
321,957.01 | |||||||
WELLS FARGO & CO NEW MEDIUM TERM SR NTS 1.5 01-16-2018 |
79,659.20 | |||||||
WELLS FARGO & CO STEP CPN 3.676% DUE 06-15-2016 |
536,624.47 | |||||||
WELLS FARGO & CO TRANCHE # SR 00129 3.45DUE 02-13-2023 |
140,329.84 | |||||||
WELLS FARGO & COMPANY 4.6 MTN TRANCHE # SR 00116 DUE 04-01-2021 USD1000 |
545,066.00 | |||||||
WELLS FARGO BANK NATL ASSOCIATION TRANCHE # SB 00008 6% DUE 11-15-2017 |
269,631.50 | |||||||
WESTPAC BKG CORP 4.875% DUE 11-19-2019 |
217,853.80 | |||||||
WYETH 5.45% DUE 04-01-2017 |
241,682.16 | |||||||
ZOETIS INC 1.875% DUE 02-01-2018 |
69,064.45 | |||||||
TOTAL CORPORATE BONDS | 78,825,226.46 | |||||||
UNITED STATES TREASURIES | ||||||||
UNITED STATES TREAS NTS 1% DUE 12-31-2017 REG |
1,203,493.75 | |||||||
UNITED STATES TREAS NTS 1.625% DUE 11-30-2020 REG |
1,595,469.51 | |||||||
UNITED STATES TREAS NTS DTD 10/31/2012 .75% DUE 10-31-2017 REG |
4,366,680.32 | |||||||
UNITED STATES TREAS NTS DTD 10/31/2015 1.375% DUE 10-31-2020 REG |
1,100,225.28 | |||||||
UNITED STATES TREAS NTS DTD 11/15/2015 2.25% DUE 11-15-2025 REG |
2,783,786.67 | |||||||
UNITED STATES TREAS NTS DTD 11/30/2015 .875% DUE 11-30-2017 REG |
578,323.22 |
38.
UNITED STATES TREAS NTS DTD 12/31/2015 1.75% DUE 12-31-2020 REG |
1,133,758.31 | |||||||
US TREASURY N/B 3.0% 11-15-2045 REG |
1,111,646.08 | |||||||
FNMA FLTG RT 10-05-2017 |
533,971.73 | |||||||
FNMA TRANCHE 00623 07-20-2017 |
534,198.04 | |||||||
UNITED STATES OF AMER TREAS BILLS 04-07-2016 DTD 10/08/2015 |
1,954,233.64 | |||||||
UNITED STATES TREAS BILLS 01-14-2016 |
404,987.45 | |||||||
UNITED STATES TREAS BILLS 0% 01-07-2016 |
54,999.78 | |||||||
UNITED STATES TREAS BILLS 02-04-2016 DTD02/05/2015 |
664,942.15 | |||||||
UNITED STATES TREAS BILLS 02-25-2016 UNITED STATES TREAS BILLS |
399,951.60 | |||||||
TSY INFL IX N/B TREAS BONDS 0.75% 02-15-2045 |
321,509.35 | |||||||
UNITED STATES OF AMER INFL INDXD TREAS NOTES 0.25% TB 01-15-25 USD1000 A-2025 |
594,252.78 | |||||||
UNITED STATES OF AMER TREAS BONDS 0.625% TIPS INFL IDX 02-15-2043 USD1000 |
126,938.39 | |||||||
UNITED STATES OF AMER TREAS NOTES INFLATION INDEX 0.125 NTS 07-15-2024 |
442,360.57 | |||||||
UNITED STATES TREAS BDS 1.375 02-15-2044 REG |
778,943.53 | |||||||
UNITED STATES TREAS INFL NTS 0.375% DTD 07/15/2015 07-15-2025 |
53,406.29 | |||||||
US TREAS NTS INFLATION LINKED 2.50 DUE 07-15-2016 REG |
89,751.72 | |||||||
USA TREASURY NTS TIPS DTD 00340 04-15-2016 |
150,265.53 | |||||||
FFCB TRANCHE 09-18-2017 |
1,108,094.13 | |||||||
FHLMC TRANCHE # TR 00775 04-20-2017 |
1,113,302.97 | |||||||
FNMA FLTG RT 10-05-2017 |
1,112,856.97 | |||||||
UNITED STATES TREAS NTS DTD 10/31/2012 .75% DUE 10-31-2017 REG |
13,900,764.80 | |||||||
UNITED STATES TREAS NTS DTD 10/31/2015 1.375% DUE 10-31-2020 REG |
3,796,759.56 | |||||||
UNITED STATES TREAS NTS DTD 11/15/2015 2.25% DUE 11-15-2025 REG |
6,146,281.68 | |||||||
UNITED STATES TREAS NTS DTD 11/30/2015 .875% DUE 11-30-2017 REG |
8,585,108.49 | |||||||
UNITED STATES TREAS NTS DTD 12/31/2015 1.75% DUE 12-31-2020 REG |
3,895,733.40 | |||||||
UNITED STATES TREAS NTS 1.625% DUE 11-30-2020 REG |
15,114,712.71 | |||||||
UNITED STATES TREAS NTS 1% DUE 12-31-2017 REG |
7,650,425.00 | |||||||
UNITED STATES OF AMER INFL INDXD TREAS NOTES 0.25% TB 01-15-25 USD1000 A-2025 |
2,233,240.30 | |||||||
UNITED STATES TREAS INFL NTS 0.375% DTD 07/15/2015 07-15-2025 |
131,088.16 | |||||||
UNITED STATES OF AMER TREAS BILLS 04-07-2016 DTD 10/08/2015 |
3,388,671.12 | |||||||
UNITED STATES TREAS BILLS 01-14-2016 |
904,971.95 | |||||||
UNITED STATES TREAS BILLS 02-04-2016 DTD02/05/2015 |
609,946.93 | |||||||
UNITED STATES TREAS BILLS 02-11-2016 UNITED STATES TREAS BILLS |
2,279,683.08 | |||||||
NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5.267% 05-01-2027 BEO TAXABLE |
283,012.50 | |||||||
FHLB BD 5.625 06-11-2021 |
1,185,192.00 | |||||||
FHLMC PREASSIGN 00074 2.375 01-13-2022 |
932,780.64 | |||||||
FHLMC 1.25 10-02-2019 |
1,578,190.40 |
39.
PETROLEOS 3.5% DUE 01-30-2023 |
680,550.00 | |||||||
RESOLUTION FDG CORP FED BOOK ENTRY PRIN STRIPS GENERIC PRIN PMT 10-15-2019 |
698,272.50 | |||||||
TENNESSEE VALLEY AUTH 2011 GLOBAL PWR BDSER A 3.875% DUE 02-15-2021 REG |
2,696,111.21 | |||||||
PERU REP BD 6.55 DUE 03-14-2037 BEO |
404,250.00 | |||||||
REPUBLIC OF COLOMBIA 5.625 02-26-2044 REG |
319,375.00 | |||||||
STATE TREAS REP POLAND NT 5.125% DUE 04-21-2021 REG |
411,917.30 | |||||||
STATE TREAS REP POLAND 4 DUE 01-22-2024 REG |
452,360.00 | |||||||
UNITED MEXICAN STS 3.5 01-21-2021 REG |
213,150.00 | |||||||
UNITED STATES TREAS BDS 00245 2.875% DUE 08-15-2045 REG |
19,424.22 | |||||||
UNITED STATES TREAS BDS 3.125 DUE 08-15-2044 |
715,394.40 | |||||||
UNITED STATES TREAS BDS 3.375 05-15-2044REG |
1,266,379.54 | |||||||
UNITED STATES TREAS BDS 3% DUE 05-15-2045 |
1,124,835.90 | |||||||
UNITED STATES TREAS NTS .875% DUE 11-15-2017 |
19,930.46 | |||||||
UNITED STATES TREAS NTS .875 DUE 04-15-2017 REG |
209,950.86 | |||||||
UNITED STATES TREAS NTS DTD 05/31/2013 1% DUE 05-31-2018 REG |
378,055.54 | |||||||
UNITED STATES TREAS NTS DTD 05/31/2014 1.5% DUE 05-31-2019 REG |
100,093.80 | |||||||
UNITED STATES TREAS NTS DTD 08/15/2013 2.5% DUE 08-15-2023 REG |
1,056,756.31 | |||||||
UNITED STATES TREAS NTS DTD 08/15/2015 2% DUE 08-15-2025 REG |
263,260.53 | |||||||
UNITED STATES TREAS NTS DTD 10/31/2012 .75% DUE 10-31-2017 REG |
6,226,746.88 | |||||||
UNITED STATES TREAS NTS DTD 11/15/2013 2.75% DUE 11-15-2023 REG |
130,454.13 | |||||||
UNITED STATES TREAS NTS DTD 11/15/2014 2.25% DUE 11-15-2024 REG |
9,994.92 | |||||||
UNITED STATES TREAS NTS DTD 2.75% DUE 02-15-2024 REG |
999,937.92 | |||||||
UNITED STATES TREAS NTS DTD 604 2.375% DUE 08-15-2024 REG |
80,834.40 | |||||||
US TREAS NTS DTD 1.625 DUE 03-31-2019 REG |
110,687.50 | |||||||
US TREASURY N/B 3.0% 11-15-2045 REG |
408,766.72 | |||||||
UTD STATES TREAS .75% DUE 03-15-2017 |
99,855.50 | |||||||
UTD STATES TREAS .875% DUE 10-15-2017 |
69,789.44 | |||||||
UTD STATES TREAS 1.625% DUE 04-30-2019 |
30,174.60 | |||||||
UTD STATES TREAS 1.625% DUE 06-30-2019 |
110,494.12 | |||||||
UTD STATES TREAS 1.875% DUE 05-31-2022 |
1,455,758.64 | |||||||
UTD STATES TREAS 1.875% DUE 10-31-2022 |
898,483.04 |