UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
(Mark One)
x | Annual Report Pursuant to Section 15(d) of the Securities Exchange Act of 1934 |
For the fiscal year ended December 31, 2018 | |
OR
o | Transition Report Pursuant to Section 15(d) of the Securities Exchange Act of 1934 |
Commission file number 001-09553 |
CBS 401(k) PLAN |
(Full title of the plan)
CBS CORPORATION |
(Name of issuer of the securities held pursuant to the plan)
51 West 52nd Street |
New York, New York 10019 |
(Address of principal executive office)
CBS 401(k) PLAN
FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULES
DECEMBER 31, 2018 AND 2017
INDEX
Report of Independent Registered Public Accounting Firm
To the Administrator and Plan Participants of CBS 401(k) Plan
Opinion on the Financial Statements
We have audited the accompanying statements of net assets available for benefits of CBS 401(k) Plan (the “Plan”) as of December 31, 2018 and 2017 and the related statement of changes in net assets available for benefits for the year ended December 31, 2018, including the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2018 and 2017, and the changes in net assets available for benefits for the year ended December 31, 2018 in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
Supplemental Information
The supplemental Schedule of Delinquent Participant Contributions for the year ended December 31, 2018 and Schedule of Assets (Held at End of Year) as of December 31, 2018 have been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental schedules are the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental schedules reconcile to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedules. In forming our opinion on the supplemental schedules, we evaluated whether the supplemental schedules, including their form and content, are presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental schedules are fairly stated, in all material respects, in relation to the financial statements as a whole.
/s/ PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP
New York, New York
June 27, 2019
We have served as the Plan's auditor since at least 1996. We have not been able to determine the specific year we began serving as auditor of the Plan.
CBS 401(k) PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
(In thousands)
At December 31, | |||||||
2018 | 2017 | ||||||
Assets | |||||||
Investments, at fair value | $ | 2,593,649 | $ | 2,934,530 | |||
Synthetic guaranteed investment contracts, at contract value | 1,061,103 | 1,133,811 | |||||
Receivables: | |||||||
Notes receivable from participants | 26,197 | 27,458 | |||||
Employee contributions | 1,244 | 1,115 | |||||
Employer contributions | 2,662 | 3,732 | |||||
Interest and dividends | 3,704 | 3,749 | |||||
Due from broker for securities sold | 51 | 159 | |||||
Total assets | 3,688,610 | 4,104,554 | |||||
Liabilities | |||||||
Accrued expenses | 1,297 | 1,370 | |||||
Due to broker for securities purchased | 97 | 15 | |||||
Total liabilities | 1,394 | 1,385 | |||||
Net assets available for benefits | $ | 3,687,216 | $ | 4,103,169 | |||
The accompanying notes are an integral part of these financial statements.
2
CBS 401(k) PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
(In thousands)
Year Ended | |||
December 31, 2018 | |||
Additions to net assets attributed to: | |||
Investment income: | |||
Interest | $ | 25,418 | |
Dividends | 13,246 | ||
Interest income on notes receivable from participants | 1,283 | ||
Contributions: | |||
Employee | 104,278 | ||
Employer | 32,853 | ||
Rollover | 18,310 | ||
Total additions | 195,388 | ||
Deductions from net assets attributed to: | |||
Net depreciation in fair value of investments | (230,880 | ) | |
Benefits paid to participants | (377,694 | ) | |
Plan expenses | (2,767 | ) | |
Total deductions | (611,341 | ) | |
Net decrease | (415,953 | ) | |
Net assets available for benefits, beginning of year | 4,103,169 | ||
Net assets available for benefits, end of year | $ | 3,687,216 | |
The accompanying notes are an integral part of these financial statements.
3
CBS 401(k) PLAN
NOTES TO FINANCIAL STATEMENTS
(Tabular dollars in thousands)
NOTE 1 - PLAN DESCRIPTION
The following is a brief description of the CBS 401(k) Plan (the “Plan”) and is provided for general information only. Participants should refer to the Plan document, as amended, for more complete information regarding the Plan.
The Plan, sponsored by CBS Corporation (the “Company” or “CBS Corp.”), is a defined contribution plan offered on a voluntary basis to eligible employees of the Company and each of its subsidiaries that is included for participation.
Eligible full-time newly hired employees may enroll in the Plan immediately or are automatically enrolled following 60 days after hire or rehire and attainment of age 21, unless they elect not to participate. Part-time employees are automatically enrolled in the Plan on the first day of the month following the attainment of age 21 and completion of 1,000 hours of service within a consecutive twelve-month period, unless they already voluntarily enrolled upon meeting the age and service requirements or have elected not to participate. The Plan is subject to the provisions of the Internal Revenue Code of 1986, as amended (the “Code”), and the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and is overseen by a retirement committee designated as the administrator of the Plan as defined under ERISA (the “Plan Administrator”) by the Company’s Board of Directors (the “Board”).
Exempt Party-in-Interest Transactions
Fidelity Management Trust Company (the “Trustee”) is the trustee and custodian and Fidelity Workplace Services LLC is the recordkeeper of the Plan. Certain Plan investments are shares of funds and bonds managed by the Trustee or shares and bonds of a company affiliated with CBS Corp., and therefore qualify as party-in-interest transactions. The fair value of these investments was $22 million at December 31, 2018 and $27 million at December 31, 2017, and these investments depreciated by $0.2 million for the year ended December 31, 2018. In addition, certain Plan investments are shares of CBS Corp. Class A Common Stock and Class B Common Stock (together, “CBS Corp. Common Stock”) and therefore qualify as party-in-interest transactions. The fair value of these investments was $219 million at December 31, 2018 and $341 million at December 31, 2017. For the year ended December 31, 2018, these investments depreciated by $80 million and earned dividends of $4 million. During the year ended December 31, 2018, the Plan sold $42 million of CBS Corp. Common Stock.
Participant Accounts
Each Plan participant’s account is credited with the participant’s contributions, the employer matching contributions, if applicable, and the participant’s share of the interest, dividends, and any realized or unrealized gains or losses of the Plan’s assets, net of certain Plan expenses.
Participants have the option of investing their contributions or existing account balances among various investment options. These investment options include common collective funds, registered investment companies (mutual funds), separately managed accounts, which primarily invest in common stocks, a fixed income fund and the CBS Corp. Class B Common Stock fund.
Within the Plan, the CBS Corp. Class A Common Stock fund and CBS Corp. Class B Common Stock fund are part of an Employee Stock Ownership Plan (“ESOP”). As a result, the Plan offers an ESOP dividend election under which Plan participants can elect to reinvest any ESOP dividends paid on vested shares back into the ESOP account in CBS Corp. Class B Common Stock or, for the CBS Corp. Class B Common Stock fund only, to receive the
4
CBS 401(k) PLAN
NOTES TO FINANCIAL STATEMENTS (Continued)
(Tabular dollars in thousands)
dividends as a cash payout. If a participant does not make an election, the dividends are reinvested in the ESOP account in the CBS Corp. Class B Common Stock fund.
Participants may also elect to open a self-directed brokerage account (“SDA”). Participants may not contribute directly to the SDA, but may transfer balances to the SDA from other investment funds except the fixed income fund. A participant may transfer up to 25% of his or her account balance (net of loans) to the SDA. The initial transfer to the SDA may not be less than $2,500 and there is no minimum for subsequent individual transfers.
Contributions
The Plan permits participants to contribute up to 50% of eligible annual compensation on a traditional before-tax, Roth 401(k) after-tax, or combination basis and up to 15% of eligible annual compensation on a traditional after-tax basis, subject to the Code limitations set forth below. Total combined contributions may not exceed 50% of eligible annual compensation. Roth 401(k) contributions and the related earnings can be withdrawn tax-free if certain requirements are met. The level of employer matching contributions is entirely at the discretion of the Board and is determined annually for all participants in the Plan. For 2018, the Board set the employer’s matching contribution at 60% of the first 5% of eligible compensation contributed on a before-tax or Roth 401(k) basis.
Participants may elect to invest their matching contributions in any investment option, including the CBS Corp. Class B Common Stock fund. If no option is elected by the participant, the matching contribution is invested in the Plan’s Qualified Default Investment Alternative (“QDIA”), a common collective fund that is primarily invested in a mix of equities and bonds appropriate for the participant’s target retirement year, which is assumed to be at age 65.
Upon date of hire and, effective on the 60th day following the date upon which an employee becomes eligible to participate in the Plan, newly hired employees are deemed to have authorized the Company to make before-tax contributions to the Plan in an amount equal to 5% of the employee’s eligible compensation. However, a deemed authorization does not take effect if, during the 60-day period, the employee elects not to participate in the Plan or to participate at a different contribution rate.
The Code limits the amount of annual participant contributions that can be made on a before-tax or Roth 401(k) basis to $18,500 for 2018. Total compensation considered under the Plan, based on Code limits, could not exceed $275,000 for 2018. The Code also limits annual aggregate participant and employer contributions to the lesser of $55,000 or 100% of compensation in 2018. All contributions made to the Plan on an annual basis may be further limited due to certain nondiscrimination requirements prescribed by the Code.
All participants who have attained age 50 before the close of the Plan year (calendar year) are eligible to make catch-up contributions. These contributions are not treated as matchable contributions. Catch-up contributions can be made if the eligible participant makes the maximum $18,500 contribution permitted for the plan year. The limit for catch-up contributions was $6,000 in 2018.
Vesting
Participants in the Plan are immediately vested in their own contributions and earnings thereon. Employer matching contributions vest at 20% per year of service, becoming fully vested after five years of service. In May 2019, the Plan was amended to provide that, effective July 1, 2019, employer matching contributions will vest one-third per year of service, becoming fully vested after three years of service. If a participant’s employment terminates prior to being vested in their employer matching contributions, the non-vested portion of their account is forfeited and may be used to reduce future employer matching contributions and to pay administrative expenses. Forfeitures are recorded at the time vested benefits are distributed or as of the close of the fifth consecutive year of break in service if no distribution was elected. During 2018, the Company utilized forfeitures of approximately $2,431,000 to reduce
5
CBS 401(k) PLAN
NOTES TO FINANCIAL STATEMENTS (Continued)
(Tabular dollars in thousands)
matching contributions and approximately $386,000 to pay administrative expenses. As of December 31, 2018 and 2017, the Company had forfeitures of approximately $296,000 and $1,467,000, respectively, available to be used as noted above.
Notes Receivable from Participants
Eligible participants may request a loan for up to the lesser of 50% of the participant’s vested account balance or $50,000, reduced by the highest outstanding balance of any Plan loan made to the participant during the twelve-month period ending on the day before the loan is made. The minimum loan available to a participant is $500. The interest rate on participant loans is one percentage point above the annual prime commercial rate (as published in The Wall Street Journal) on the first day of the calendar month in which the loan is approved. Principal and interest is payable through payroll deductions. Only one loan may be outstanding at any time. Participants may elect repayment periods from 12 to 60 months commencing as soon as administratively possible following the distribution of the loan proceeds to the participant. The Plan allows participants to elect a repayment term of up to 300 months for loans used for the acquisition of a principal residence. Repayments of loan principal and interest are allocated in accordance with the participant’s current investment elections. Loans outstanding at December 31, 2018 carry interest rates ranging from 4.25% to 9.25%.
Distributions and Withdrawals
Earnings on employee contributions (other than after-tax contributions) and employer contributions are not subject to income tax until they are distributed or withdrawn from the Plan.
Participants in the Plan, or their beneficiaries, may receive their vested account balances in a lump sum, in installments over a period of up to 20 years, or in partial distributions of the account balance in the event of retirement, termination of employment, disability or death. For vested account balances invested in the CBS Corp. Class A Common Stock fund and CBS Corp. Class B Common Stock fund, participants may elect to receive distributions in cash or whole shares. In general, participants must receive a required minimum distribution upon attainment of age 70 1/2 unless they are still employed.
Participants in the Plan may withdraw part or all of their after-tax and rollover contributions and the vested portion of employer matching contributions. Upon attainment of age 59 1/2, participants may also withdraw all or part of their before-tax or Roth 401(k) contributions and earnings thereon. The Plan limits participants to two of the above withdrawal elections in each Plan year.
A participant may obtain a financial hardship withdrawal of the vested portion of employer matching contributions and employee before-tax or Roth 401(k) contributions provided that the requirements for hardship are met and only to the extent required to relieve such financial hardship. There is no restriction on the number of hardship withdrawals permitted.
When a participant terminates employment with the Company, the full value of employee contributions and earnings thereon plus the value of all vested employer matching contributions and earnings thereon are eligible for distribution and can be rolled over to a tax qualified retirement plan or an Individual Retirement Account (“IRA”) or remain in the Plan rather than being distributed. If the vested account balance is $1,000 or less and the participant does not make an election to rollover the vested account balance, it will be automatically paid in a single lump sum cash payment, and taxes will be withheld from the distribution.
Plan Expenses
Trustee fees and fees for investment of Plan assets are charged to the Plan’s investment funds. Certain administrative expenses such as fees for accounting, investment consulting and employee communications may be
6
CBS 401(k) PLAN
NOTES TO FINANCIAL STATEMENTS (Continued)
(Tabular dollars in thousands)
paid by the Plan using forfeitures or may be paid by the Company. Recordkeeping fees are paid from participant accounts. For 2018, approximately $1,459,000 was paid to the Trustee, a party-in-interest, and its affiliates for services provided during the year.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Accounting
The financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Certain amounts reported for the prior year have been reclassified to conform to the current year’s presentation.
In accordance with Financial Accounting Standards Board (“FASB”) guidance, investments are reported at fair value, except for fully benefit-responsive investment contracts which are reported at contract value. Contract value was determined to be the relevant measurement for the portion of net assets available for benefits attributable to fully benefit-responsive investment contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan. The Statement of Changes in Net Assets Available for Benefits is prepared on a contract value basis with respect to the fully benefit-responsive investment contracts.
Investment Valuation
Short-term money market investments are carried at amortized cost which approximates fair value due to the short-term maturity of these investments. Investments in common stock are reported at fair value based on quoted market prices on national security exchanges. Investments in registered investment companies are reported at fair value based on quoted market prices in active markets. The fair value of investments in separately managed accounts is determined by the Trustee based upon the fair value of the underlying securities. The fair values of investments in common collective funds are determined using the net asset value per share (“NAV”) provided by the administrator of the fund. The NAV is determined by each fund’s trustee based upon the fair value of the underlying assets owned by the fund, less liabilities, divided by the number of outstanding units. The common collective funds have daily redemptions and one day trading terms. The common collective funds have no unfunded commitments at December 31, 2018. The fair value of fixed income, asset-backed and mortgage-backed securities is determined by independent pricing sources based on quoted market prices, when available, or using valuation models which incorporate certain other observable inputs including recent trading activity for comparable securities and broker quoted prices. Cash and cash equivalents are valued at cost plus accrued interest, which approximates fair value.
As part of their investment strategy, the managers of the fixed income fund, which invests in synthetic guaranteed investment contracts, may use derivative financial instruments for various purposes, including managing exposure to sector risk or movements in interest rates, extending the duration of the investment portfolio and as a substitute for cash securities. The derivative instruments typically used are interest rate futures and swaps. Interest rate swaps are recorded at fair value and marked-to-market through the duration of the contract term with an offsetting increase to unrealized appreciation (depreciation). Futures are marked-to-market and settled daily. The daily receipt or payment is recognized as unrealized appreciation (depreciation) until the contract is closed at which time the total fair value of the futures contract is recognized as a realized gain (loss).
The Plan invests in fully benefit-responsive synthetic guaranteed investment contracts through the fixed income fund. The contract value of these contracts represents the aggregate amount of deposits thereto, plus interest at the contract rate, less withdrawals.
7
CBS 401(k) PLAN
NOTES TO FINANCIAL STATEMENTS (Continued)
(Tabular dollars in thousands)
Security Transactions and Income Recognition
Purchases and sales of securities are recorded on the trade date. The average cost basis is used to determine gains or losses on security dispositions. Interest income is accrued as earned and dividend income is recorded on the ex-dividend date.
Net appreciation or depreciation in the fair value of investments, included in the Statement of Changes in Net Assets Available for Benefits, consists of the realized gains and losses and the unrealized appreciation and depreciation on those investments presented at fair value.
Notes Receivable from Participants
Notes receivable from participants are measured at their unpaid principal balance plus any accrued but unpaid interest. Delinquent participant loans are reclassified as distributions based upon the terms of the Plan.
Payment of Benefits
Benefit payments are recorded when paid.
Use of Estimates
The preparation of financial statements in conformity with GAAP requires the Plan to make estimates and assumptions, such as those regarding the fair value of investments, that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of changes in net assets available for benefits during the reporting period. Actual results could differ from those estimates.
Accounting Pronouncements Not Yet Adopted
Changes to the Disclosure Requirements for Fair Value Measurements
In August 2018, the FASB issued amended guidance that eliminates, adds and modifies certain disclosure requirements for fair value measurements. This guidance, which is effective for annual periods beginning after December 15, 2019, with early adoption permitted, is not expected to have an impact on the Plan's financial statements.
Employee Benefit Plan Master Trust Reporting
In February 2017, the FASB issued guidance on the reporting requirements for employee benefit plans that hold an interest in a master trust. Under this guidance, an employee benefit plan that has an interest in a master trust will be required to present that interest and any change in the value of that interest in separate line items on the statement of net assets available for benefits and on the statement of changes in net assets available for benefits, respectively. Employee benefit plans will also have to disclose the other assets and liabilities of the master trust, as well as the dollar amount of its interest in these balances, and the dollar amount of its interest in the investments of the master trust by general type. This guidance, which is effective for annual reporting periods beginning after December 15, 2018, is not expected to have an impact on the Plan’s financial statements as the Plan does not have an interest in a master trust.
NOTE 3 - RISKS AND UNCERTAINTIES
The Plan provides for various investment options. Investment securities are exposed to various risks such as market, interest rate and credit risk. Market values of investments could decline for several reasons including changes in prevailing markets and interest rates, increases in defaults, and credit rating downgrades. Due to the level of risk associated with certain investment securities and the level of uncertainty related to changes in the value of such
8
CBS 401(k) PLAN
NOTES TO FINANCIAL STATEMENTS (Continued)
(Tabular dollars in thousands)
securities, it is at least reasonably possible that changes in investment values in the near term could materially affect participants’ account balances and the amounts reported in the Statements of Net Assets Available for Benefits and the related Statement of Changes in Net Assets Available for Benefits.
NOTE 4 - INVESTMENTS AT CONTRACT VALUE
The Plan invests in synthetic guaranteed investment contracts, which provide for the repayment of principal plus interest through benefit-responsive wrapper contracts. A wrapper contract is issued by a third party insurance company, financial institution or bank, and is held in combination with fixed income securities to form a synthetic guaranteed investment contract. The interest crediting rate on synthetic guaranteed investment contracts reflects the yield of the associated fixed income investments, plus the amortization of realized and unrealized gains and losses on those investments, typically over the duration of the investments. Interest crediting rates are reset on a monthly or quarterly basis, and the wrapper contracts provide that adjustments to the interest crediting rate cannot result in a future interest crediting rate that is less than zero. Certain factors can influence the future interest crediting rates, including the level of market interest rates, the amount and timing of participant contributions and withdrawals, and the returns generated by the fixed income investments that are associated with the synthetic guaranteed investment contract.
Certain employer initiated events may limit the ability of the Plan to transact at contract value with the issuer. These events include, but are not limited to, full or partial termination of the Plan, a material adverse change to the provisions of the Plan, an employer election to withdraw from the contract to switch to a different investment provider, an employer’s bankruptcy, layoffs, plant closings, corporate spin-offs, mergers, divestitures or other workforce restructurings, or if the terms of a successor plan do not meet the contract issuer’s underwriting criteria for issuance of a replacement contract with identical terms. The Plan Administrator believes that no events are probable of occurring that may limit the ability of the Plan to transact at contract value.
The contract issuer is permitted to terminate the fully benefit-responsive investment contracts with the Plan and settle at an amount different from contract value in certain events, including loss of the Plan’s qualified status, an uncured material breach of responsibility, or material adverse changes to the provisions of the Plan.
At December 31, 2018 and 2017, the contract value of the Plan’s synthetic guaranteed investment contracts was $1.06 billion and $1.13 billion, respectively.
NOTE 5 - FAIR VALUE MEASUREMENTS
The following tables set forth the Plan’s financial assets measured at fair value on a recurring basis at December 31, 2018 and 2017. See Note 2 for the valuation methodology used to measure the fair value of these investments. There have been no changes to the methodologies used to measure the fair value of each asset from December 31, 2017 to December 31, 2018. These assets have been categorized according to the three-level fair value hierarchy established by the FASB, which prioritizes the inputs used in measuring fair value. Level 1 is based on quoted prices for the asset in active markets. Level 2 is based on inputs that are observable other than quoted market prices in Level 1, such as quoted prices for the asset in inactive markets or quoted prices for similar assets. Level 3 is based on unobservable inputs reflecting the Plan’s own assumptions about the assumptions that market participants would use in pricing the asset. The asset’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques maximize the use of relevant observable inputs and minimize the use of unobservable inputs.
9
CBS 401(k) PLAN
NOTES TO FINANCIAL STATEMENTS (Continued)
(Tabular dollars in thousands)
At December 31, 2018 | Level 1 | Level 2 | Level 3 | Total | |||||||||||
Self-directed accounts (a) | $ | 30,957 | $ | 5,792 | $ | — | $ | 36,749 | |||||||
Separately managed accounts: | |||||||||||||||
Wellington Growth Portfolio (b) | 180,379 | 533 | — | 180,912 | |||||||||||
Dodge & Cox Value Equity Fund (b) | 132,678 | 6,193 | — | 138,871 | |||||||||||
CBS Corp. Common Stock funds (c) | 218,801 | 1,848 | — | 220,649 | |||||||||||
Registered investment companies (d) | 222,661 | — | — | 222,661 | |||||||||||
Money market funds (e) | — | 13,409 | — | 13,409 | |||||||||||
Total assets in fair value hierarchy | $ | 785,476 | $ | 27,775 | $ | — | $ | 813,251 | |||||||
Common collective funds measured at net asset value | 1,780,398 | ||||||||||||||
Investments, at fair value | $ | 2,593,649 | |||||||||||||
At December 31, 2017 | Level 1 | Level 2 | Level 3 | Total | |||||||||||
Self-directed accounts (a) | $ | 33,309 | $ | 4,562 | $ | — | $ | 37,871 | |||||||
Separately managed accounts: | |||||||||||||||
Wellington Growth Portfolio (b) | 185,141 | 1,435 | — | 186,576 | |||||||||||
Dodge & Cox Value Equity Fund (b) | 161,574 | 3,455 | — | 165,029 | |||||||||||
CBS Corp. Common Stock funds (c) | 340,749 | 2,560 | — | 343,309 | |||||||||||
Registered investment companies (d) | 237,492 | — | — | 237,492 | |||||||||||
Money market funds (e) | — | 18,553 | — | 18,553 | |||||||||||
Total assets in fair value hierarchy | $ | 958,265 | $ | 30,565 | $ | — | $ | 988,830 | |||||||
Common collective funds measured at net asset value | 1,945,700 | ||||||||||||||
Investments, at fair value | $ | 2,934,530 | |||||||||||||
(a) | Primarily invested in common stock and registered investment companies. Assets categorized as Level 2 reflect investments in money market funds. |
(b) | Primarily invested in large capitalization equities. Assets categorized as Level 2 reflect investments in money market funds. |
(c) | Assets categorized as Level 2 reflect investments in money market funds. |
(d) | Primarily invested in small capitalization equities. |
(e) | Primarily invested in U.S. government securities and U.S. government agency securities. |
NOTE 6 - INCOME TAX STATUS
The Internal Revenue Service (“IRS”) issued a favorable determination letter dated January 13, 2015, indicating that the Plan document satisfied the requirements of Section 401(a) of the Code and that the trust thereunder is exempt from federal income taxes under the provisions of Section 501(a) of the Code. The Plan Administrator believes that, although the Plan has been amended subsequent to the date of the IRS determination, it is designed and is currently being operated in compliance with the applicable provisions of the Code. In addition, the Plan Administrator has concluded that as of December 31, 2018, there are no uncertain tax positions taken or expected to be taken that require recognition of an asset or liability or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions. The Plan Administrator believes it is no longer subject to income tax examinations for years prior to 2015.
NOTE 7 - TERMINATION PRIORITIES
Although the Company anticipates that the Plan will continue indefinitely, it reserves the right, by action of its Board, to amend or terminate the Plan provided that such action does not retroactively reduce earned participant benefits. In the event of termination of the Plan, participants become fully vested. Upon termination, the Plan provides that the net assets of the Plan would be distributed to participants based on their respective account balances.
10
CBS 401(k) PLAN
NOTES TO FINANCIAL STATEMENTS (Continued)
(Tabular dollars in thousands)
NOTE 8 - RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500
The following is a reconciliation of net assets available for benefits per the financial statements to the Form 5500:
At December 31, | |||||||
2018 | 2017 | ||||||
Net assets available for benefits per the financial statements | $ | 3,687,216 | $ | 4,103,169 | |||
Participant loans deemed distributed | (1,497 | ) | (1,423 | ) | |||
Adjustment from contract value to fair value for fully benefit-responsive investment contracts | (4,717 | ) | 15,901 | ||||
Net assets available for benefits per the Form 5500 | $ | 3,681,002 | $ | 4,117,647 | |||
The following is a reconciliation of the net decrease in net assets available for benefits as reflected in the financial statements to the Form 5500:
Year Ended December 31, 2018 | |||
Net decrease in net assets available for benefits per the financial statements | $ | (415,953 | ) |
Participant loans deemed distributed at December 31, 2018 | (1,497 | ) | |
Participant loans deemed distributed at December 31, 2017 | 1,423 | ||
Adjustment from contract value to fair value for fully benefit-responsive investment contracts at December 31, 2018 | (4,717 | ) | |
Adjustment from contract value to fair value for fully benefit-responsive investment contracts at December 31, 2017 | (15,901 | ) | |
Net decrease in net assets available for benefits per the Form 5500 | $ | (436,645 | ) |
11
SCHEDULE H, line 4a
CBS 401(k) PLAN
SCHEDULE OF DELINQUENT PARTICIPANT CONTRIBUTIONS
For the year ended December 31, 2018
(Dollars in thousands)
Participant Contributions Transferred late to Plan | Total That Constitute Nonexempt Prohibited Transactions | Total Fully Corrected Under Voluntary | ||||||||||||||||
Check Here If Late Participant Loan | Fiduciary Correction Program (VFCP) and | |||||||||||||||||
Repayments Are Included x | Contributions Not Corrected | Contributions Corrected Outside VFCP | Contributions Pending Correction in VFCP | Prohibited Transaction Exemption 2002-51 | ||||||||||||||
$ | — | $ | — | $ | 104 | $ | — | $ | — | |||||||||
S - 1
SCHEDULE H, line 4i
CBS 401(k) PLAN
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2018
(Dollars in thousands)
Identity of issue, borrower, lessor or similar party | Maturity and Interest Rates | Cost (5) | Current Value | ||||||
Self-Directed Accounts (1) | $ | 36,749 | |||||||
Corporate Common Stock Funds | |||||||||
* | CBS Corporation Class A Common Stock | 508 | |||||||
* | CBS Corporation Class B Common Stock | 218,293 | |||||||
* | Fidelity Institutional Money Market Government Portfolio | 1,848 | |||||||
Total Corporate Common Stock Funds | 220,649 | ||||||||
Mutual Funds | |||||||||
DFA U.S. Small Cap Fund | 96,811 | ||||||||
Vanguard Total International Stock Index Fund | 125,850 | ||||||||
* | Fidelity Institutional Money Market Government Portfolio | 13,409 | |||||||
Total Mutual Funds | 236,070 | ||||||||
Common Collective Funds | |||||||||
BlackRock S&P 500 Index Fund | 659,284 | ||||||||
BNY Mellon Aggregate Bond Index Fund | 205,153 | ||||||||
BlackRock Extended Equity Market Fund | 131,641 | ||||||||
BlackRock LifePath 2040 Fund | 128,787 | ||||||||
BlackRock LifePath 2050 Fund | 117,753 | ||||||||
BlackRock LifePath 2020 Fund | 98,761 | ||||||||
BlackRock LifePath 2045 Fund | 91,507 | ||||||||
Invesco International Growth Fund | 65,270 | ||||||||
BlackRock LifePath 2030 Fund | 62,971 | ||||||||
BlackRock LifePath Retirement Fund | 58,662 | ||||||||
BlackRock LifePath 2025 Fund | 58,399 | ||||||||
BlackRock LifePath 2035 Fund | 57,542 | ||||||||
BlackRock LifePath 2055 Fund | 41,765 | ||||||||
BlackRock LifePath 2060 Fund | 2,903 | ||||||||
Total Common Collective Funds | 1,780,398 | ||||||||
Separately Managed Accounts | |||||||||
Wellington Growth Portfolio (2) | 180,912 | ||||||||
Dodge & Cox Value Equity Fund (2) | 138,871 | ||||||||
Total Separately Managed Accounts | 319,783 | ||||||||
Synthetic Guaranteed Investment Contracts (3) | |||||||||
Transamerica Premier Life Insurance Company MDA01263TR | Evergreen and variable % | 381,741 | |||||||
Lincoln National Life Insurance Company BVW0024G | Evergreen and variable % | 313,913 | |||||||
Prudential Insurance Company of America GA-62413 | Evergreen and variable % | 262,026 | |||||||
State Street Bank and Trust Company No. 108002 | Evergreen and variable % | 98,706 | |||||||
Total Synthetic Guaranteed Investment Contracts | 1,056,386 | ||||||||
* | Notes receivable from participants (4) | Maturity dates ranging from 2019 to 2043 and interest rates ranging from 4.25% to 9.25% | 24,700 | ||||||
Total investments, at fair value and notes receivable from participants | $ | 3,674,735 | |||||||
* | Identified as a party-in-interest to the Plan. | ||||||||
(1) | Includes $7 million of investments identified as party-in-interest transactions to the Plan. | ||||||||
(2) | Refer to Attachment A for listing of assets relating to these accounts. | ||||||||
(3) | Refer to Attachment B for listing of assets relating to these contracts. | ||||||||
(4) | Does not include participant loans deemed distributed. | ||||||||
(5) | There are no non-participant directed investments. | ||||||||
S - 2
Attachment A
(In thousands)
Identity of Issuer | Description | Cost | Current Value | |||
2U INC | COMMON STOCK | $ | 1,115 | |||
ACTIVISION BLIZZARD INC | COMMON STOCK | 1,580 | ||||
ADOBE INC | COMMON STOCK | 3,733 | ||||
ADVANCED MICRO DEVICES INC | COMMON STOCK | 1,391 | ||||
ALIBABA GROUP HOLDING LTD SPON ADR | COMMON STOCK | 1,652 | ||||
ALLIANCE DATA SYSTEMS CORP | COMMON STOCK | 544 | ||||
ALPHABET INC CL C | COMMON STOCK | 12,616 | ||||
AMAZON.COM INC | COMMON STOCK | 10,864 | ||||
AMERICAN TOWER CORP | COMMON STOCK | 3,413 | ||||
AMETEK INC NEW | COMMON STOCK | 1,605 | ||||
APPLE INC | COMMON STOCK | 5,676 | ||||
AUTODESK INC | COMMON STOCK | 3,071 | ||||
CANADIAN NATL RAILWAY CO | COMMON STOCK | 477 | ||||
CDW CORPORATION | COMMON STOCK | 2,488 | ||||
COGNEX CORP | COMMON STOCK | 814 | ||||
CONSTELLATION BRANDS INC CL A | COMMON STOCK | 3,004 | ||||
COSTAR GROUP INC | COMMON STOCK | 267 | ||||
DANAHER CORP | COMMON STOCK | 951 | ||||
DEXCOM INC | COMMON STOCK | 1,791 | ||||
DOCUSIGN INC | COMMON STOCK | 651 | ||||
EBAY INC | COMMON STOCK | 1,347 | ||||
EDWARDS LIFESCIENCES CORP | COMMON STOCK | 3,849 | ||||
ELANCO ANIMAL HEALTH INC | COMMON STOCK | 211 | ||||
EQUIFAX INC | COMMON STOCK | 2,014 | ||||
FACEBOOK INC CL A | COMMON STOCK | 2,975 | ||||
FLEETCOR TECHNOLOGIES INC | COMMON STOCK | 3,987 | ||||
FORTUNE BRANDS HOME & SEC INC | COMMON STOCK | 803 | ||||
GARTNER INC | COMMON STOCK | 1,344 | ||||
GLOBAL PAYMENTS INC | COMMON STOCK | 2,565 | ||||
HILTON WORLDWIDE HOLDINGS INC | COMMON STOCK | 2,578 | ||||
HOME DEPOT INC | COMMON STOCK | 5,126 | ||||
IHS MARKIT LTD | COMMON STOCK | 2,783 | ||||
INTERCONTINENTAL EXCHANGE INC | COMMON STOCK | 2,353 | ||||
LOCKHEED MARTIN CORP | COMMON STOCK | 2,955 | ||||
MARKEL CORP | COMMON STOCK | 2,272 | ||||
MARKETAXESS HLDGS INC | COMMON STOCK | 1,444 | ||||
MARSH & MCLENNAN COS INC | COMMON STOCK | 2,006 | ||||
MASTERCARD INC CL A | COMMON STOCK | 6,416 | ||||
MICROCHIP TECHNOLOGY | COMMON STOCK | 2,163 | ||||
MICROSOFT CORP | COMMON STOCK | 13,131 | ||||
MONSTER BEVERAGE CORP | COMMON STOCK | 2,820 | ||||
MSCI INC | COMMON STOCK | 1,927 | ||||
NETFLIX INC | COMMON STOCK | 2,245 | ||||
NIKE INC CL B | COMMON STOCK | 847 | ||||
NORTHROP GRUMMAN CORP | COMMON STOCK | 1,999 | ||||
O'REILLY AUTOMOTIVE INC | COMMON STOCK | 2,202 | ||||
PAYPAL HLDGS INC | COMMON STOCK | 4,143 | ||||
PROGRESSIVE CORP OHIO | COMMON STOCK | 2,393 | ||||
ROSS STORES INC | COMMON STOCK | 1,548 | ||||
S&P GLOBAL INC | COMMON STOCK | 1,601 | ||||
SALESFORCE.COM INC | COMMON STOCK | 3,188 | ||||
SERVICENOW INC | COMMON STOCK | 4,279 | ||||
SHERWIN WILLIAMS CO | COMMON STOCK | 1,466 | ||||
SPOTIFY TECHNOLOGY SA | COMMON STOCK | 1,355 | ||||
SS&C TECHNOLOGIES HOLDINGS INC | COMMON STOCK | 2,435 | ||||
STATE STREET GOVERNMENT SHORT TERM INVESTMENT FUND | MUTUAL FUND | 533 | ||||
TD AMERITRADE HOLDING CORP | COMMON STOCK | 1,567 | ||||
TENCENT HOLDINGS LTD UNS ADR | COMMON STOCK | 1,167 | ||||
THE BOOKING HOLDINGS INC | COMMON STOCK | 2,429 | ||||
THERMO FISHER SCIENTIFIC INC | COMMON STOCK | 2,053 | ||||
TJX COMPANIES INC NEW | COMMON STOCK | 949 | ||||
TRANSUNION | COMMON STOCK | 3,208 | ||||
UNDER ARMOUR INC CL A | COMMON STOCK | 1,606 | ||||
UNITEDHEALTH GROUP INC | COMMON STOCK | 4,169 | ||||
VISA INC CL A | COMMON STOCK | 5,101 | ||||
WAYFAIR INC | COMMON STOCK | 924 | ||||
WORKDAY INC CL A | COMMON STOCK | 2,774 | ||||
NET PAYABLES | (41 | ) | ||||
WELLINGTON GROWTH PORTFOLIO | $ | 180,912 | ||||
S - 3
Attachment A
(In thousands)
Identity of Issuer | Description | Cost | Current Value | |||
AEGON NV (NY REGD) NEW YORK REGISTERED SHARES | COMMON STOCK | $ | 744 | |||
ALNYLAM PHARMACEUTICALS INC | COMMON STOCK | 503 | ||||
ALPHABET INC CL A | COMMON STOCK | 418 | ||||
ALPHABET INC CL C | COMMON STOCK | 4,155 | ||||
AMERICAN EXPRESS CO | COMMON STOCK | 3,527 | ||||
ANADARKO PETROLEUM CORP | COMMON STOCK | 2,674 | ||||
APACHE CORP | COMMON STOCK | 1,599 | ||||
ASTRAZENECA PLC SPONS ADR | COMMON STOCK | 3,133 | ||||
AT&T INC | COMMON STOCK | 1,057 | ||||
BAKER HUGHES A GE CO | COMMON STOCK | 1,721 | ||||
BALL CORP | COMMON STOCK | 225 | ||||
BANK OF AMERICA CORPORATION | COMMON STOCK | 3,817 | ||||
BANK OF NEW YORK MELLON CORP | COMMON STOCK | 3,224 | ||||
BB&T CORP | COMMON STOCK | 1,170 | ||||
BRIGHTHOUSE FINANCIAL INC | COMMON STOCK | 469 | ||||
BRISTOL-MYERS SQUIBB CO | COMMON STOCK | 2,859 | ||||
CAPITAL ONE FINANCIAL CORP | COMMON STOCK | 3,779 | ||||
CELANESE CORP | COMMON STOCK | 1,350 | ||||
CHARTER COMMUNICATIONS INC A | COMMON STOCK | 4,440 | ||||
CIGNA CORP | COMMON STOCK | 3,430 | ||||
CISCO SYSTEMS INC | COMMON STOCK | 2,166 | ||||
COMCAST CORP CL A | COMMON STOCK | 5,857 | ||||
CONCHO RESOURCES INC | COMMON STOCK | 771 | ||||
CVS HEALTH CORP | COMMON STOCK | 1,323 | ||||
DANAHER CORP | COMMON STOCK | 928 | ||||
DELL TECHNOLOGIES INC CL C | COMMON STOCK | 602 | ||||
DISH NETWORK CORP A | COMMON STOCK | 657 | ||||
FEDEX CORP | COMMON STOCK | 3,219 | ||||
GAP INC | COMMON STOCK | 340 | ||||
GILEAD SCIENCES INC | COMMON STOCK | 1,351 | ||||
GLAXOSMITHKLINE PLC SPONS ADR | COMMON STOCK | 2,866 | ||||
GOLDMAN SACHS GROUP INC | COMMON STOCK | 2,339 | ||||
HALLIBURTON CO | COMMON STOCK | 872 | ||||
HARLEY-DAVIDSON INC | COMMON STOCK | 441 | ||||
HEWLETT PACKARD ENTERPRISE CO | COMMON STOCK | 2,510 | ||||
HP INC | COMMON STOCK | 2,353 | ||||
INCYTE CORP | COMMON STOCK | 305 | ||||
JOHNSON CONTROLS INTERNATIONAL PLC | COMMON STOCK | 2,670 | ||||
JPMORGAN CHASE & CO | COMMON STOCK | 3,514 | ||||
JUNIPER NETWORKS INC | COMMON STOCK | 1,090 | ||||
LILLY (ELI) & CO | COMMON STOCK | 2,465 | ||||
MATTEL INC | COMMON STOCK | 475 | ||||
MAXIM INTEGRATED PRODUCTS INC | COMMON STOCK | 686 | ||||
MEDTRONIC PLC | COMMON STOCK | 700 | ||||
METLIFE INC | COMMON STOCK | 2,792 | ||||
MICRO FOCUS INTERNATIONAL PLC SPND ADR | COMMON STOCK | 795 | ||||
MICROCHIP TECHNOLOGY | COMMON STOCK | 1,625 | ||||
MICROSOFT CORP | COMMON STOCK | 4,469 | ||||
MOLSON COORS BREWING CO B | COMMON STOCK | 696 | ||||
NATIONAL OILWELL VARCO INC | COMMON STOCK | 635 | ||||
NEWS CORP NEW CL A | COMMON STOCK | 234 | ||||
NOVARTIS AG SPON ADR | COMMON STOCK | 3,724 | ||||
OCCIDENTAL PETROLEUM CORP | COMMON STOCK | 2,167 | ||||
QURATE RETAIL INC | COMMON STOCK | 1,347 | ||||
SANOFI SPON ADR | COMMON STOCK | 4,106 | ||||
SCHLUMBERGER LTD | COMMON STOCK | 1,371 | ||||
SCHWAB CHARLES CORP | COMMON STOCK | 4,361 | ||||
SPRINT CORP | COMMON STOCK | 750 | ||||
STATE STREET GOVERNMENT SHORT TERM INVESTMENT FUND | MUTUAL FUND | 6,193 | ||||
SYNOPSYS INC | COMMON STOCK | 42 | ||||
TARGET CORP | COMMON STOCK | 211 | ||||
TE CONNECTIVITY LTD | COMMON STOCK | 1,777 | ||||
THE BOOKING HOLDINGS INC | COMMON STOCK | 2,067 | ||||
TWENTY FIRST CENTURY FOX CL B | COMMON STOCK | 956 | ||||
TWENTY FIRST CENTURY FOX INC-A | COMMON STOCK | 2,983 | ||||
UNION PACIFIC CORP | COMMON STOCK | 1,106 | ||||
UNITED TECHNOLOGIES CORP | COMMON STOCK | 1,821 | ||||
UNITEDHEALTH GROUP INC | COMMON STOCK | 2,167 | ||||
WEATHERFORD INTERNATIONA PLC | COMMON STOCK | 36 | ||||
WELLS FARGO & CO | COMMON STOCK | 5,024 | ||||
ZAYO GROUP HOLDINGS INC | COMMON STOCK | 697 | ||||
NET PAYABLES | (75 | ) | ||||
DODGE & COX VALUE EQUITY FUND | $ | 138,871 | ||||
S - 4
Attachment B
(In thousands)
Identity of Issuer | Maturity Dates | Interest Rates | Description | Current Value | |||
ABBOTT LABS GLB | 11/30/2021 | 2.9000% | BOND | $ | 817 | ||
ABBOTT LABS GLB | 11/30/2023 | 3.4000% | BOND | 70 | |||
ABBVIE INC | 5/14/2021 | 2.3000% | BOND | 29 | |||
ABBVIE INC | 5/14/2020 | 2.5000% | BOND | 1,530 | |||
ABBVIE INC | 5/14/2023 | 2.8500% | BOND | 202 | |||
ABBVIE INC | 5/14/2023 | 2.8500% | BOND | 482 | |||
ABBVIE INC | 5/14/2026 | 3.2000% | BOND | 185 | |||
ABBVIE INC | 5/14/2025 | 3.6000% | BOND | 110 | |||
ABBVIE INC | 5/14/2025 | 3.6000% | BOND | 96 | |||
ABBVIE INC | 11/14/2023 | 3.7500% | BOND | 5 | |||
ABBVIE INC | 11/14/2023 | 3.7500% | BOND | 99 | |||
ABN AMRO BANK MTN | 1/19/2021 | 2.6500% | BOND | 197 | |||
ABN AMRO BANK NV | 8/27/2021 | 3.4000% | BOND | 339 | |||
ABN AMRO BANK NV | 8/27/2021 | 3.4000% | BOND | 549 | |||
ACCESS GROUP INC DEL | 6/22/2022 | 2.9738% | ASSET BACKED SECURITIES | 5 | |||
CHUBB INA HOLDINGS INC | 3/13/2023 | 2.7000% | BOND | 107 | |||
ACTAVIS FUNDING SCS | 3/15/2022 | 3.4500% | BOND | 2,924 | |||
ACTAVIS FUNDING SCS | 3/15/2025 | 3.8000% | BOND | 280 | |||
ACTAVIS FUNDING SCS | 6/15/2024 | 3.8500% | BOND | 59 | |||
ACTAVIS FUNDING SCS | 6/15/2024 | 3.8500% | BOND | 394 | |||
ACTIVISION BLIZZARD INC | 9/15/2021 | 2.3000% | BOND | 58 | |||
ACTIVISION BLIZZARD INC | 6/15/2027 | 3.4000% | BOND | 90 | |||
ACTIVISION BLIZZARD INC | 9/15/2026 | 3.4000% | BOND | 216 | |||
AEP TEXAS INC | 10/1/2022 | 2.4000% | BOND | 58 | |||
AEP TEXAS INC | 6/1/2028 | 3.9500% | BOND | 40 | |||
AERCAP IRELAND CAP LTD | 7/3/2023 | 4.1250% | BOND | 438 | |||
AERCAP IRELAND CAP LTD | 1/23/2023 | 3.3000% | BOND | 261 | |||
AETNA INC | 11/15/2022 | 2.7500% | BOND | 14 | |||
AETNA INC | 11/15/2024 | 3.5000% | BOND | 44 | |||
AFRICAN DEV BK GLBL MTSN BE | 3/22/2021 | 2.6250% | BOND | 1,741 | |||
AFRICAN DEV BK GLBL MTSN BE | 3/22/2021 | 2.6250% | BOND | 1,371 | |||
AFRICAN DEVELOPMENT BANK | 7/14/2021 | 2.3100% | BOND | 2,267 | |||
AGILENT TECHNOLOGIES INC | 9/22/2026 | 3.0500% | BOND | 97 | |||
AIR LEASE CORP | 4/1/2027 | 3.6250% | BOND | 13 | |||
AIR LEASE CORP | 7/3/2023 | 3.8750% | BOND | 20 | |||
ALABAMA ECONOMIC SETTLEMENT AUTH BP SETT | 9/15/2025 | 3.1630% | MUNICIPAL BOND | 149 | |||
ALIBABA GROUP HOLDING LTD | 12/6/2027 | 3.4000% | BOND | 222 | |||
ALLSTATE CORP | 3/29/2023 | 3.4330% | BOND | 441 | |||
ALLY MASTER OWNER TR | 1/17/2023 | 2.7000% | ASSET BACKED SECURITIES | 397 | |||
ALLY MASTER OWNER TR 2017-3 | 6/15/2022 | 2.0400% | ASSET BACKED SECURITIES | 1,134 | |||
ALTRIA GROUP INC | 8/9/2022 | 2.8500% | BOND | 62 | |||
ALTRIA GROUP INC | 5/2/2023 | 2.9500% | BOND | 190 | |||
AMAZON.COM INC | 2/22/2023 | 2.4000% | BOND | 702 | |||
AMAZON.COM INC | 8/22/2027 | 3.1500% | BOND | 14 | |||
AMAZON.COM INC | 12/3/2025 | 5.2000% | BOND | 192 | |||
AMERICAN 13-2A | 7/15/2024 | 4.9500% | ASSET BACKED SECURITIES | 453 | |||
AMERICAN EXPRESS CO | 5/17/2021 | 3.3750% | BOND | 451 | |||
AMERICAN EXPRESS CO | 8/3/2023 | 3.7000% | BOND | 326 | |||
AMERICAN EXPRESS CO | 8/3/2023 | 3.3315% | BOND | 245 | |||
AMERICAN EXPRESS CO | 2/27/2023 | 3.3412% | BOND | 1,214 | |||
AMERICAN EXPRESS CR ACC MST TR | 5/15/2023 | 2.0400% | ASSET BACKED SECURITIES | 1,601 | |||
AMERICAN EXPRESS CR ACC MST TR | 5/15/2023 | 2.0400% | ASSET BACKED SECURITIES | 394 | |||
AMERICAN EXPRESS CR ACC MST TR | 12/15/2021 | 1.6400% | ASSET BACKED SECURITIES | 2,190 | |||
AMERICAN EXPRESS CR ACC MST TR | 12/15/2021 | 1.6400% | ASSET BACKED SECURITIES | 1,294 | |||
AMERICAN EXPRESS CR ACC MST TR | 4/15/2024 | 3.1800% | ASSET BACKED SECURITIES | 494 | |||
AMERICAN EXPRESS CR ACC MST TR | 4/15/2024 | 3.1800% | ASSET BACKED SECURITIES | 554 | |||
AMERICAN EXPRESS CR ACC MST TR | 11/15/2022 | 1.7700% | ASSET BACKED SECURITIES | 1,035 | |||
AMERICAN EXPRESS CR ACC MST TR | 11/15/2022 | 1.7700% | ASSET BACKED SECURITIES | 444 | |||
AMERICAN EXPRESS CR CORP MTN | 9/14/2020 | 2.6000% | BOND | 396 | |||
AMERICAN EXPRESS CR CORP MTN | 3/3/2022 | 2.7000% | BOND | 490 | |||
AMERICAN EXPRESS CREDIT CORP | 5/5/2021 | 2.2500% | BOND | 1,370 | |||
AMERICAN HONDA FINANCE CORP | 2/16/2024 | 2.9000% | BOND | 48 | |||
AMERICAN INTERNATIONAL GRP INC | 7/16/2019 | 2.3000% | BOND | 1,314 | |||
AMERICAN INTERNATIONAL GRP INC | 4/1/2026 | 3.9000% | BOND | 72 | |||
AMERICAN INTERNATIONAL GRP INC | 4/1/2028 | 4.2000% | BOND | 48 | |||
AMGEN INC | 8/19/2021 | 1.8500% | BOND | 415 | |||
AMGEN INC | 8/19/2026 | 2.6000% | BOND | 109 | |||
AMGEN INC | 5/11/2022 | 2.6500% | BOND | 342 | |||
AMOT 2015-2 A2 | 1/15/2021 | 1.8300% | ASSET BACKED SECURITIES | 3,148 | |||
ANADARKO PETROLEUM CORP | 3/15/2021 | 4.8500% | BOND | 119 | |||
ANALOG DEVICES INC | 3/12/2020 | 2.8500% | BOND | 35 | |||
ANALOG DEVICES INC | 12/5/2026 | 3.5000% | BOND | 38 | |||
ANDEAVOR LOGISTICS LP | 12/1/2022 | 3.5000% | BOND | 179 | |||
ANHEUSER-BUSCH INBEV FIN INC | 7/15/2022 | 2.5000% | BOND | 29 | |||
S - 5
Attachment B
(In thousands)
Identity of Issuer | Maturity Dates | Interest Rates | Description | Current Value | |||
ANHEUSER-BUSCH INBEV FIN INC | 1/12/2024 | 3.1652% | BOND | 267 | |||
ANHEUSER-BUSCH COS LLC / ANHEUSER-BUSCH | 2/1/2026 | 3.6500% | BOND | 208 | |||
ANHUESER-BUSCH INBEV FIN INC | 1/17/2023 | 2.6250% | BOND | 154 | |||
ANHUESER-BUSCH INBEV FIN INC | 2/1/2021 | 2.6500% | BOND | 384 | |||
ANHUESER-BUSCH INBEV FIN INC | 2/1/2023 | 3.3000% | BOND | 92 | |||
AON CORP | 12/15/2028 | 4.5000% | BOND | 177 | |||
AON PLC | 12/15/2025 | 3.8750% | BOND | 186 | |||
APACHE CORP | 4/15/2022 | 3.2500% | BOND | 500 | |||
APPLE COMPUTER INC | 8/4/2026 | 2.4500% | BOND | 37 | |||
APPLE COMPUTER INC | 8/4/2026 | 2.4500% | BOND | 208 | |||
APPLE COMPUTER INC | 1/13/2025 | 2.7500% | BOND | 241 | |||
APPLE COMPUTER INC | 11/13/2027 | 3.0000% | BOND | 29 | |||
APPLE COMPUTER INC | 2/23/2026 | 3.2500% | BOND | 20 | |||
APPLIED MATERIALS INC | 4/1/2027 | 3.3000% | BOND | 24 | |||
APPLIED MATERIALS INC | 10/1/2025 | 3.9000% | BOND | 81 | |||
ARCH CAP FIN LLC | 12/15/2026 | 4.0110% | BOND | 200 | |||
ARCHER DANIELS MIDLAND CO | 3/15/2022 | 3.3750% | BOND | 201 | |||
ARES XXXIX CLO LTD / ARES XXXIX CLO LLC | 7/18/2028 | 3.9746% | ASSET BACKED SECURITIES | 750 | |||
ARIZONA PUBLIC SERVICE CO | 1/15/2020 | 2.2000% | BOND | 348 | |||
ARIZONA PUBLIC SERVICE CO | 9/15/2027 | 2.9500% | BOND | 95 | |||
AT&T INC | 2/15/2022 | 3.0000% | BOND | 196 | |||
AT&T INC | 3/1/2022 | 3.2000% | BOND | 444 | |||
AT&T INC | 2/17/2023 | 3.6000% | BOND | 99 | |||
AT&T INC | 2/17/2023 | 3.6000% | BOND | 696 | |||
AT&T INC | 3/15/2022 | 3.8000% | BOND | 939 | |||
AT&T INC | 1/15/2025 | 3.9500% | BOND | 538 | |||
AT&T INC | 2/17/2026 | 4.1250% | BOND | 147 | |||
AT&T INC | 3/1/2027 | 4.2500% | BOND | 127 | |||
AT&T INC | 3/15/2020 | 5.2000% | BOND | 332 | |||
AT&T INC | 2/15/2023 | 3.5041% | BOND | 1,080 | |||
ATLAS SR LN FD III LTD / ATLAS SR LN FD | 11/17/2027 | 3.4700% | ASSET BACKED SECURITIES | 494 | |||
AUSTRALIA & NZ BKG GRP NY MTN | 11/9/2020 | 2.2500% | BOND | 246 | |||
AUTODESK INC | 6/15/2027 | 3.5000% | BOND | 14 | |||
AVIS BUDGET RENTCAR FDG AE LLC | 2/20/2021 | 2.5000% | ASSET BACKED SECURITIES | 1,095 | |||
AVNET INC | 4/15/2026 | 4.6250% | BOND | 10 | |||
LIGHT TOWER RENTALS INC | 7/15/2049 | 3.0190% | ASSET BACKED SECURITIES | 1,188 | |||
BAE SYSTEMS HOLDINGS INC | 12/15/2020 | 2.8500% | BOND | 178 | |||
BAE SYSTEMS HOLDINGS INC | 10/7/2024 | 3.8000% | BOND | 70 | |||
BAE SYSTEMS HOLDINGS INC | 12/15/2025 | 3.8500% | BOND | 20 | |||
BAKER HUGHES INC | 12/15/2022 | 2.7730% | BOND | 360 | |||
BANCO SANTAND CTRL HISPANO SA | 4/12/2023 | 3.8480% | BOND | 194 | |||
BANCO SANTAND CTRL HISPANO SA | 4/12/2023 | 3.8480% | BOND | 194 | |||
BANCO SANTAND CTRL HISPANO SA | 4/11/2027 | 4.2500% | BOND | 187 | |||
BANCO SANTAND CTRL HISPANO SA | 4/12/2023 | 3.5452% | BOND | 196 | |||
BANCO SANTAND CTRL HISPANO SA | 4/12/2023 | 3.5452% | BOND | 196 | |||
BANK OF AMERICA CORPORATION | 4/21/2020 | 2.2500% | BOND | 762 | |||
BANK OF AMERICA CORPORATION | 4/1/2024 | 4.0000% | BOND | 297 | |||
BANK OF AMERICA CORPORATION | 4/1/2024 | 4.0000% | BOND | 272 | |||
BANK OF AMERICA CORPORATION | 1/22/2024 | 4.1250% | BOND | 233 | |||
BANK OF AMERICA CORPORATION | 1/15/2019 | 2.6000% | BOND | 289 | |||
BANK NEW YORK MELLON CORP MTN | 5/3/2021 | 2.0500% | BOND | 54 | |||
BANK NEW YORK MELLON CORP MTN | 8/11/2023 | 3.4500% | BOND | 451 | |||
BANK NEW YORK MELLON CORP MTN | 4/28/2023 | 3.5000% | BOND | 206 | |||
BANK NEW YORK MELLON CORP MTN | 4/28/2023 | 3.5000% | BOND | 451 | |||
BANK NOVA SCOTIA BC | 4/20/2021 | 3.1250% | BOND | 305 | |||
BANK OF AMERICA CORPORATION | 10/1/2021 | 2.3280% | BOND | 64 | |||
BANK OF AMERICA CORPORATION | 7/21/2021 | 2.3690% | BOND | 516 | |||
BANK OF AMERICA CORPORATION | 10/21/2022 | 2.5030% | BOND | 722 | |||
BANK OF AMERICA CORPORATION | 12/20/2023 | 3.0040% | BOND | 1,674 | |||
BANK OF AMERICA CORPORATION | 1/20/2023 | 3.1240% | BOND | 1,303 | |||
BANK OF AMERICA CORPORATION | 10/21/2027 | 3.2480% | BOND | 324 | |||
BANK OF AMERICA CORPORATION | 12/20/2028 | 3.4190% | BOND | 84 | |||
BANK OF AMERICA CORPORATION | 12/20/2028 | 3.4190% | BOND | 226 | |||
BANK OF AMERICA CORPORATION | 12/20/2028 | 3.4190% | BOND | 203 | |||
BANK OF AMERICA CORPORATION | 7/23/2024 | 3.8640% | BOND | 479 | |||
BANK OF AMERICA CORPORATION | 7/23/2024 | 3.8640% | BOND | 324 | |||
BANK OF AMERICA CORPORATION | 8/1/2025 | 3.8750% | BOND | 35 | |||
BANK OF AMERICA CORPORATION | 3/5/2024 | 3.5500% | BOND | 780 | |||
BANK OF AMERICA CORPORATION | 5/17/2022 | 3.4990% | BOND | 275 | |||
BANK OF AMERICA CORPORATION | 5/17/2022 | 3.4990% | BOND | 1,000 | |||
BANK OF AMERICA CORPORATION | 7/23/2029 | 4.2710% | BOND | 199 | |||
BANK OF MONTREAL QUE | 4/13/2021 | 3.1000% | BOND | 155 | |||
BANK OF MONTREAL QUE | 4/13/2021 | 2.8963% | BOND | 199 | |||
BANK OF NOVA SCOTIA | 4/26/2021 | 1.8750% | BOND | 98 | |||
S - 6
Attachment B
(In thousands)
Identity of Issuer | Maturity Dates | Interest Rates | Description | Current Value | |||
BANK OF NEW YORK | 2/1/2021 | 4.1500% | BOND | 816 | |||
BANQUE FED DU CR MUT MTN SR BE 144A | 7/20/2022 | 2.7000% | BOND | 630 | |||
BANQUE FED DU CR MUT MTN SR BE 144A | 7/20/2023 | 3.7500% | BOND | 449 | |||
BARCLAYS BANK PLC | 5/16/2024 | 4.3380% | BOND | 194 | |||
BARCLAYS PLC | 3/16/2025 | 3.6500% | BOND | 1,843 | |||
BARCLAYS PLC | 1/12/2021 | 3.2500% | BOND | 421 | |||
BARCLAYS PLC | 1/10/2023 | 3.6840% | BOND | 644 | |||
BARCLAYS PLC | 1/10/2023 | 3.6840% | BOND | 721 | |||
BAT CAPITAL CORP | 8/15/2022 | 2.7640% | BOND | 1,464 | |||
BAT CAPITAL CORP | 8/15/2022 | 2.7640% | BOND | 1,171 | |||
BAT CAPITAL CORP | 8/15/2022 | 2.7640% | BOND | 850 | |||
BAT CAPITAL CORP | 8/15/2024 | 3.2220% | BOND | 37 | |||
BAT CAPITAL CORP | 8/15/2027 | 3.5570% | BOND | 62 | |||
BAT CAPITAL CORP | 8/15/2022 | 3.4961% | BOND | 1,962 | |||
BATTALION CLO VII LTD | 7/17/2028 | 3.4888% | ASSET BACKED SECURITIES | 296 | |||
BAXTER INTERNATIONAL INC | 8/15/2021 | 1.7000% | BOND | 96 | |||
BAYER AG | 7/15/2024 | 3.3750% | BOND | 28 | |||
BAYER AG | 6/25/2021 | 3.5000% | BOND | 447 | |||
BAYER AG | 12/15/2023 | 3.8750% | BOND | 344 | |||
BAYER AG | 12/15/2023 | 3.8750% | BOND | 344 | |||
BAYER AG | 12/15/2023 | 3.7982% | BOND | 645 | |||
BAYER AG | 10/8/2019 | 2.3750% | BOND | 1,032 | |||
BAYER AG | 10/8/2024 | 3.3750% | BOND | 189 | |||
BB&T CORP | 2/1/2021 | 2.1500% | BOND | 1,028 | |||
BBCMS MTG TR 2017-C1 | 2/15/2050 | 3.6740% | ASSET BACKED SECURITIES | 174 | |||
BECTON DICKINSON & CO | 6/6/2022 | 2.8940% | BOND | 484 | |||
BECTON DICKINSON & CO | 6/6/2024 | 3.3630% | BOND | 19 | |||
BECTON DICKINSON & CO | 6/6/2024 | 3.3630% | BOND | 360 | |||
BECTON DICKINSON & CO | 12/29/2020 | 3.6780% | BOND | 1,059 | |||
BENEFIT STR PARTNERS CLO XII LTD | 10/15/2030 | 3.6863% | ASSET BACKED SECURITIES | 496 | |||
MIDAMERICAN ENERGY HLDS CO NEW | 1/15/2023 | 2.8000% | BOND | 391 | |||
MIDAMERICAN ENERGY HLDS CO NEW | 4/15/2028 | 3.2500% | BOND | 119 | |||
BERKSHIRE HATHAWAY INC DEL | 3/15/2023 | 2.7500% | BOND | 29 | |||
BERKSHIRE HATHAWAY INC DEL | 3/15/2026 | 3.1250% | BOND | 24 | |||
BGC PARTNERS INC | 5/27/2021 | 5.1250% | BOND | 1,110 | |||
BHP BILLITON FIN USA LTD | 10/19/2075 | 6.2500% | BOND | 118 | |||
BLACK HILLS CORP | 1/15/2027 | 3.1500% | BOND | 9 | |||
BENCHMARK 2018-B4 MTG TR | 7/15/2051 | 3.8860% | ASSET BACKED SECURITIES | 1,122 | |||
BENCHMARK 2018-B7 MTG TR | 5/15/2053 | 4.5100% | ASSET BACKED SECURITIES | 261 | |||
BELLEMEADE RE 2017-1 LTD | 10/25/2027 | 4.1298% | ASSET BACKED SECURITIES | 146 | |||
BELLEMEADE RE 2018-1 LTD | 4/25/2028 | 4.0298% | ASSET BACKED SECURITIES | 266 | |||
BELLEMEADE RE 2018-2 LTD | 8/25/2028 | 3.3798% | ASSET BACKED SECURITIES | 150 | |||
BMW US CAPITAL LLC | 9/15/2021 | 1.8500% | BOND | 623 | |||
BMW US CAPITAL LLC | 4/11/2026 | 2.8000% | BOND | 55 | |||
BMW US CAPITAL LLC | 8/14/2020 | 2.9841% | BOND | 794 | |||
BNP PARIBAS | 5/23/2022 | 2.9500% | BOND | 265 | |||
BNP PARIBAS | 1/10/2024 | 3.8000% | BOND | 195 | |||
BNP PARIBAS | 1/15/2021 | 5.0000% | BOND | 259 | |||
BNP PARIBAS | 1/9/2025 | 3.3750% | BOND | 235 | |||
BNP PARIBAS | 3/1/2023 | 3.5000% | BOND | 364 | |||
BNP PARIBAS | 3/1/2023 | 3.5000% | BOND | 388 | |||
BNP PARIBAS | 3/1/2023 | 3.5000% | BOND | 969 | |||
BOEING CO | 10/30/2025 | 2.6000% | BOND | 142 | |||
BOEING CO | 11/1/2028 | 3.4500% | BOND | 173 | |||
BOSTON SCIENTIFIC CORP | 5/15/2025 | 3.8500% | BOND | 591 | |||
BOSTON SCIENTIFIC CORP | 10/1/2023 | 4.1250% | BOND | 304 | |||
BP CAP MARKETS AMERICA INC | 5/4/2026 | 3.1190% | BOND | 38 | |||
BP CAP MARKETS AMERICA INC | 4/14/2024 | 3.2240% | BOND | 220 | |||
BP CAP MARKETS AMERICA INC | 2/6/2024 | 3.7900% | BOND | 581 | |||
BP CAP MARKETS AMERICA INC | 11/6/2028 | 4.2340% | BOND | 154 | |||
BPCE MTN | 1/11/2023 | 2.7500% | BOND | 719 | |||
BPCE SA | 1/27/2020 | 2.2500% | BOND | 271 | |||
BPCE SA | 7/15/2019 | 2.5000% | BOND | 548 | |||
BPCE SA | 9/12/2023 | 4.0000% | BOND | 246 | |||
BRAZOS HIGHER ED AUTH INC | 3/27/2023 | 2.9820% | ASSET BACKED SECURITIES | 1,477 | |||
BRITISH TELECOMMUNICATION PLC | 12/4/2028 | 5.1250% | BOND | 201 | |||
BROADCOM CORP / BROADCOM CAYMAN FIN LTD | 1/15/2023 | 2.6500% | BOND | 33 | |||
BROADCOM CORP / BROADCOM CAYMAN FIN LTD | 1/15/2023 | 2.6500% | BOND | 93 | |||
BROADCOM CORP / BROADCOM CAYMAN FIN LTD | 1/15/2022 | 3.0000% | BOND | 548 | |||
BROADCOM CORP / BROADCOM CAYMAN FIN LTD | 1/15/2022 | 3.0000% | BOND | 1,178 | |||
BROADCOM CORP / BROADCOM CAYMAN FIN LTD | 1/15/2022 | 3.0000% | BOND | 481 | |||
BROADCOM CORP / BROADCOM CAYMAN FIN LTD | 1/15/2022 | 3.0000% | BOND | 1,029 | |||
BROADCOM CORP / BROADCOM CAYMAN FIN LTD | 1/15/2025 | 3.1250% | BOND | 68 | |||
BROADCOM CORP / BROADCOM CAYMAN FIN LTD | 1/15/2027 | 3.8750% | BOND | 40 | |||
S - 7
Attachment B
(In thousands)
Identity of Issuer | Maturity Dates | Interest Rates | Description | Current Value | |||
BROOKSIDE ML CLO LTD / BROOKSIDE ML CLO LLC | 1/17/2028 | 3.2688% | ASSET BACKED SECURITIES | 740 | |||
BUCKEYE PARTNER | 2/1/2021 | 4.8750% | BOND | 51 | |||
BUCKEYE PARTNERS MLP | 12/1/2026 | 3.9500% | BOND | 242 | |||
BUCKEYE PARTNERS MLP | 12/1/2027 | 4.1250% | BOND | 9 | |||
CALIFORNIA ST | 10/1/2039 | 7.3000% | MUNICIPAL BOND | 69 | |||
CALIFORNIA ST | 3/1/2040 | 7.6250% | MUNICIPAL BOND | 85 | |||
CABELAS CR CARD | 7/17/2023 | 2.2500% | ASSET BACKED SECURITIES | 1,092 | |||
CALIFORNIA ST | 4/1/2022 | 2.3670% | MUNICIPAL BOND | 808 | |||
CANADIAN NATL RESOURCES LTD | 6/1/2027 | 3.8500% | BOND | 142 | |||
CAPITAL ONE BK | 2/13/2019 | 2.2500% | BOND | 250 | |||
CAPITAL ONE FINANCIAL CORP | 5/12/2020 | 2.5000% | BOND | 158 | |||
CAPITAL ONE FINANCIAL CORP | 1/30/2023 | 3.2000% | BOND | 462 | |||
CAPITAL ONE FINANCIAL CORP | 1/31/2028 | 3.8000% | BOND | 55 | |||
CAPITAL ONE NATL ASN MCLEAN VA | 7/23/2021 | 2.9500% | BOND | 664 | |||
CARDINAL HEALTH | 12/15/2020 | 4.6250% | BOND | 10 | |||
CARGILL INC | 3/1/2023 | 3.2500% | BOND | 200 | |||
CARGILL INC | 3/1/2023 | 3.2500% | BOND | 200 | |||
CAS 2016-C02 | 9/25/2028 | 4.6399% | ASSET BACKED SECURITIES | 21 | |||
CAS 2016-C04 | 1/25/2029 | 3.8798% | ASSET BACKED SECURITIES | 146 | |||
CASIL 18-CX11 | 4/15/2051 | 4.0339% | ASSET BACKED SECURITIES | 823 | |||
CATAMARAN CLO 2014-1 LTD / CATAMARAN CLO | 4/22/2030 | 3.7290% | ASSET BACKED SECURITIES | 248 | |||
CATAMARAN CLO 2014-2 LTD / CATAMARAN CLO | 10/18/2026 | 3.8446% | ASSET BACKED SECURITIES | 250 | |||
CBS CORP | 2/15/2023 | 2.5000% | BOND | 9 | |||
CBS CORP | 3/1/2022 | 3.3750% | BOND | 10 | |||
CC HOLDINGS 3.849% 4/15/23 | 4/15/2023 | 3.8490% | BOND | 204 | |||
CITIBANK CR CARD ISSUANCE TR | 4/22/2026 | 3.0560% | ASSET BACKED SECURITIES | 1,960 | |||
CITIBANK CR CARD ISSUANCE TR | 4/22/2026 | 3.0560% | ASSET BACKED SECURITIES | 905 | |||
CDP FINL INC 3.15% 07/24/2024 144A | 7/24/2024 | 3.1500% | BOND | 740 | |||
CDP FINL INC4.4% 11/25/19 144A | 11/25/2019 | 4.4000% | BOND | 1,253 | |||
CELGENE CORP | 8/15/2021 | 2.2500% | BOND | 1,134 | |||
CELGENE CORP | 8/15/2022 | 3.2500% | BOND | 29 | |||
CELGENE CORP | 2/20/2023 | 3.2500% | BOND | 83 | |||
CELGENE CORP | 8/15/2022 | 3.5500% | BOND | 30 | |||
CELGENE CORP | 8/15/2025 | 3.8750% | BOND | 17 | |||
CELGENE CORP | 10/15/2020 | 3.9500% | BOND | 10 | |||
CENOVUS ENERGY 5.7% 10/15/19 | 10/15/2019 | 5.7000% | ASSET BACKED SECURITIES | 186 | |||
CENTERPOINT ENERGY INC 2.5% 09/01/2022 | 9/1/2022 | 2.5000% | BOND | 344 | |||
CENTERPOINT ENERGY INC 3.6% 11/01/2021 | 11/1/2021 | 3.6000% | BOND | 150 | |||
CENTERPOINT ENERGY INC 3.85% 02/01/2024 | 2/1/2024 | 3.8500% | BOND | 452 | |||
CENTERPOINT ENERGY INC 4.25% 11/01/2028 | 11/1/2028 | 4.2500% | BOND | 203 | |||
CITIGROUP COMMERCIAL MORTGAGE TRUST | 5/10/2047 | 3.5750% | ASSET BACKED SECURITIES | 1,153 | |||
CITIGROUP COMMERCIAL MORTGAGE TRUST | 2/10/2049 | 2.2920% | ASSET BACKED SECURITIES | 1,774 | |||
CITIGROUP COMMERCIAL MORTGAGE TRUST | 8/10/2049 | 2.7100% | ASSET BACKED SECURITIES | 976 | |||
CITIGROUP COMMERCIAL MORTGAGE TRUST | 4/15/2049 | 3.1270% | ASSET BACKED SECURITIES | 1,195 | |||
CITIGROUP COMMERCIAL MORTGAGE TRUST | 12/10/2049 | 3.6540% | ASSET BACKED SECURITIES | 1,016 | |||
CARLYLE US CLO 2017-4 LTD / CARLYLE US C | 1/15/2030 | 3.9673% | ASSET BACKED SECURITIES | 248 | |||
CHASE ISSUANCE TR | 6/15/2021 | 1.3700% | ASSET BACKED SECURITIES | 1,290 | |||
CHASE ISSUANCE TR | 7/15/2021 | 1.2700% | ASSET BACKED SECURITIES | 907 | |||
CHASE ISSUANCE TR | 3/15/2023 | 2.7700% | ASSET BACKED SECURITIES | 375 | |||
CHARTER COMM OPER LLC/CAP CORP | 3/15/2028 | 4.2000% | BOND | 108 | |||
CHARTER COMM OPER LLC/CAP CORP | 7/23/2022 | 4.4640% | BOND | 1,933 | |||
CHARTER COMM OPER LLC/CAP CORP | 2/1/2024 | 4.5000% | BOND | 125 | |||
CHARTER COMM OPER LLC/CAP CORP | 2/1/2024 | 4.5000% | BOND | 200 | |||
CHARTER COMM OPER LLC/CAP CORP | 7/23/2025 | 4.9080% | BOND | 358 | |||
CHARTER COMM OPER LLC/CAP CORP | 2/1/2024 | 4.1910% | BOND | 246 | |||
CHEVRON CORP | 5/16/2026 | 2.9540% | BOND | 34 | |||
CHEVRON CORP | 3/3/2022 | 2.4980% | BOND | 25 | |||
CHEVRON CORP | 3/3/2024 | 2.8950% | BOND | 5 | |||
CHICAGO IL TRANSIT AUTH | 12/1/2040 | 6.8990% | MUNICIPAL BOND | 1,916 | |||
CHICAGO IL TRANSIT AUTH | 12/1/2040 | 6.8990% | MUNICIPAL BOND | 1,916 | |||
CIFC FDG 2018-III LTD / CIFC FDG 2018-II | 7/18/2031 | 3.4264% | ASSET BACKED SECURITIES | 1,279 | |||
CIGNA CORP | 4/15/2025 | 3.2500% | BOND | 157 | |||
CIM TR 2017-2 | 12/25/2057 | 4.4859% | ASSET BACKED SECURITIES | 445 | |||
CIM TR 2017-3 | 1/25/2057 | 4.4859% | ASSET BACKED SECURITIES | 656 | |||
CIMAREX ENERGY CO | 6/1/2024 | 4.3750% | BOND | 288 | |||
CISCO SYSTEMS INC | 9/20/2019 | 1.4000% | BOND | 694 | |||
CITIBANK CR CARD ISSUANCE TR | 10/13/2030 | 3.9600% | ASSET BACKED SECURITIES | 160 | |||
CITIBANK CR CARD ISSUANCE TR | 8/8/2024 | 2.8366% | ASSET BACKED SECURITIES | 708 | |||
CITIBANK CR CARD ISSUANCE TR | 8/8/2024 | 2.8366% | ASSET BACKED SECURITIES | 698 | |||
CITIBANK CR CARD ISSUANCE TR | 12/7/2023 | 2.9571% | ASSET BACKED SECURITIES | 501 | |||
CITIBANK CR CARD ISSUANCE TR | 1/23/2023 | 2.8800% | ASSET BACKED SECURITIES | 815 | |||
CITIBANK CR CARD ISSUANCE TR | 5/14/2029 | 3.2190% | ASSET BACKED SECURITIES | 379 | |||
CITIBANK NA | 9/18/2019 | 1.8500% | BOND | 288 | |||
CITIBANK NA | 10/20/2020 | 2.1250% | BOND | 980 | |||
S - 8
Attachment B
(In thousands)
Identity of Issuer | Maturity Dates | Interest Rates | Description | Current Value | |||
CITIBANK NA | 5/1/2020 | 3.0500% | BOND | 374 | |||
CITIGROUP INC | 2/18/2020 | 2.4000% | BOND | 119 | |||
CITIGROUP INC | 10/26/2020 | 2.6500% | BOND | 138 | |||
CITIGROUP INC | 3/30/2021 | 2.7000% | BOND | 1,477 | |||
CITIGROUP INC | 4/25/2022 | 2.7500% | BOND | 58 | |||
CITIGROUP INC | 4/25/2022 | 2.7500% | BOND | 1,212 | |||
CITIGROUP INC | 4/25/2022 | 2.7500% | BOND | 572 | |||
CITIGROUP INC | 7/24/2023 | 2.8760% | BOND | 116 | |||
CITIGROUP INC | 7/23/2021 | 3.4000% | BOND | 901 | |||
CITIGROUP INC | 9/1/2023 | 4.1681% | BOND | 500 | |||
CITIZENS BANK NA | 5/13/2021 | 2.5500% | BOND | 685 | |||
CITIZENS FINANCIAL GRP INC | 7/28/2021 | 2.3750% | BOND | 97 | |||
CME GROUP INC | 6/15/2028 | 3.7500% | BOND | 30 | |||
CMS ENERGY CORP | 5/15/2026 | 3.0000% | BOND | 19 | |||
COACH INC | 7/15/2027 | 4.1250% | BOND | 28 | |||
COLD STORAGE TR 2017-ICE3 | 4/15/2036 | 3.4396% | ASSET BACKED SECURITIES | 1,571 | |||
COMCAST CORP | 10/15/2025 | 3.9500% | BOND | 121 | |||
COMCAST CORP | 1/15/2022 | 1.6250% | BOND | 48 | |||
COMCAST CORP | 1/15/2027 | 2.3500% | BOND | 161 | |||
COMCAST CORP | 2/15/2028 | 3.1500% | BOND | 47 | |||
COMCAST CORP | 10/1/2020 | 3.3000% | BOND | 276 | |||
COMCAST CORP | 10/1/2021 | 3.4500% | BOND | 51 | |||
COMCAST CORP | 10/1/2021 | 3.4500% | BOND | 707 | |||
COMCAST CORP | 10/1/2021 | 3.4500% | BOND | 1,561 | |||
COMCAST CORP | 4/15/2024 | 3.7000% | BOND | 377 | |||
COMCAST CORP | 4/15/2024 | 3.7000% | BOND | 478 | |||
COMCAST CORP | 10/15/2028 | 4.1500% | BOND | 208 | |||
COMCAST CORP | 10/15/2028 | 4.1500% | BOND | 406 | |||
COMCAST CORP | 10/1/2021 | 2.8483% | BOND | 693 | |||
COMET | |||||||