2012 U.S. Plan 11-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 11-K
(Mark One)
 
ý
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2012
OR
 
 
¨
TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Commission file number 000-12477
AMGEN RETIREMENT AND SAVINGS PLAN
(Full title of the plan)
AMGEN INC.
(Name of issuer of the securities held)
 
 
 
 
One Amgen Center Drive,
 
91320-1799
Thousand Oaks, California
 
(Zip Code)
(Address of principal executive offices)
 
 





Amgen Retirement and Savings Plan
Audited Financial Statements
and Supplemental Schedules

Years Ended December 31, 2012 and 2011

Contents
 
 
 
 
 
Audited Financial Statements:
 
 
 
 
 
Supplemental Schedules:
 
 
 


Report of Independent Registered Public Accounting Firm
Amgen Inc., as Named Fiduciary, and the Plan Participants of the
Amgen Retirement and Savings Plan
We have audited the accompanying statements of net assets available for benefits of the Amgen Retirement and Savings Plan (the Plan) as of December 31, 2012 and 2011, and the related statements of changes in net assets available for benefits for the years then ended. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of the Plan’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan at December 31, 2012 and 2011, and the changes in its net assets available for benefits for the years then ended, in conformity with U.S. generally accepted accounting principles.
Our audits were conducted for the purpose of forming an opinion on the financial statements taken as a whole. The accompanying supplemental schedules of assets (held at end of year) and loans or fixed income obligations in default or classified as uncollectible as of December 31, 2012, and assets (acquired and disposed of within year) and delinquent participant contributions for the year then ended, are presented for purposes of additional analysis and are not a required part of the financial statements but are supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. Such information is the responsibility of the Plan’s management. The information has been subjected to the auditing procedures applied in our audits of the financial statements and, in our opinion, is fairly stated in all material respects in relation to the financial statements taken as a whole.
/s/ ERNST & YOUNG LLP
Los Angeles, California
June 14, 2013


1

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

 
 
December 31
 
 
2012
 
2011
Assets
 
 
 
 
Investments at fair value
 
$
3,093,390,877

 
$
2,565,375,263

Notes receivable from participants
 
42,523,718

 
41,582,977

Other, including due from broker
 
1,071,309

 
15,455,227

Total assets
 
3,136,985,904

 
2,622,413,467

Liabilities
 
 
 
 
Other, including due to broker
 
2,490,209

 
3,654,915

Total liabilities
 
2,490,209

 
3,654,915

Net assets reflecting investments at fair value
 
3,134,495,695

 
2,618,758,552

Adjustment from fair value to contract value for interests in fully benefit-responsive investment contracts
 
(9,277,446
)
 
(9,442,892
)
Net assets available for benefits
 
$
3,125,218,249

 
$
2,609,315,660

See accompanying notes.


2

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


 
 
Year Ended December 31
 
 
2012
 
2011
Additions to (deductions from) net assets:
 
 
 
 
Employer contributions
 
$
155,218,207

 
$
163,543,169

Participant contributions
 
131,980,807

 
129,944,790

Rollover contributions
 
11,686,616

 
7,685,837

Interest and dividend income
 
40,671,569

 
32,884,344

Net realized/unrealized gains (losses)
 
381,079,241

 
(72,286,657
)
Interest income on notes receivable from participants
 
1,830,249

 
1,904,717

Benefits paid
 
(200,062,951
)
 
(148,072,323
)
Investment and administrative fees
 
(6,501,149
)
 
(6,265,134
)
Net increase
 
515,902,589

 
109,338,743

Net assets available for benefits at beginning of year
 
2,609,315,660

 
2,499,976,917

Net assets available for benefits at end of year
 
$
3,125,218,249

 
$
2,609,315,660

See accompanying notes.


3

Amgen Retirement and Savings Plan
Notes to Financial Statements
December 31, 2012
1. Description of the Plan
The following description of the Amgen Retirement and Savings Plan (the Plan) provides only general information. Participants should refer to the Plan document for a more complete description of the Plan’s provisions.
General
The Plan was established effective April 1, 1985 and was most recently amended and restated effective January 1, 2012 and subsequently amended, with the most recent amendment adopted on November 2, 2012. The Plan is a defined contribution plan covering substantially all domestic employees of Amgen Inc. (the Company or Amgen) and participating subsidiaries. The Plan, as amended, is intended to qualify under sections 401(a) and 401(k) of the Internal Revenue Code of 1986 (the Code) (see Note 5, Income Tax Status) and section 407(d)(3)(A) of the Employee Retirement Income Security Act of 1974 (ERISA).
Contributions
Subject to certain limitations (as defined in the Plan), participants may elect to contribute up to 30% of their eligible compensation in pre-tax contributions, Roth contributions (in accordance with the Code), after-tax contributions or a combination of these types of contributions. A participant’s combined pre-tax contributions and Roth contributions (exclusive of catch-up contributions discussed below) are subject to Internal Revenue Service (IRS) and Plan limits and could not exceed a maximum of $17,000 in 2012 and $16,500 in 2011. Participant after-tax contributions are subject to IRS and Plan limitations and could not exceed a maximum of $8,000 in 2012 and 2011. Unless an employee has voluntarily enrolled in the Plan or has declined to participate in the Plan within the first 30 days of employment, all newly eligible participants are automatically enrolled in the Plan and contributions equal to 5% of their eligible compensation are withheld and contributed to the Plan as pre-tax contributions; such contributions are automatically increased by 1% per year until their contributions reach 10% of their eligible compensation. Participants may elect to adjust, cease or resume their contributions at any time.
Participants who are at least age 50 by the close of the Plan year may also elect to make certain additional contributions, referred to as catch-up contributions, that are subject to IRS and Plan limitations and could not exceed $5,500 in 2012 and 2011. Catch-up contributions may be made as pre-tax contributions, Roth contributions or a combination of these types of contributions. Participants may also contribute pre-tax, Roth and after-tax amounts representing distributions from certain other retirement plans qualified in the United States or certain individual retirement accounts (IRAs), referred to as rollover contributions (as defined in the Plan).

4

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

1. Description of the Plan (continued)
Contributions (continued)
Each pay period, the Company makes a non-elective contribution for all eligible participants, whether or not they have elected to make contributions to the Plan, equal to 5% of each participant’s eligible compensation (Core Contributions). In addition, the Company makes a contribution equal to amounts contributed by the participant as pre-tax contributions or Roth contributions, including such contributions designated as catch-up contributions, of up to 5% of eligible compensation (Matching Contributions).
Also, the Company can, in its discretion, make a special non-elective contribution on behalf of a participant who is in his or her initial year of employment with the Company and who could not make the maximum participant contribution permitted under the Plan because in the same Plan year he or she previously made pre-tax salary deferrals under a prior unrelated employer’s qualified plan.
Participants select the investments in which their contributions, including their Core Contributions and Matching Contributions (collectively, Company Contributions), are to be invested, electing among various alternatives, including Amgen Inc. common stock (Amgen stock). Participants may direct a maximum of 20% of contributions to be invested in Amgen stock. In addition, participants may transfer amounts among the investment options at any time, subject to certain limitations. Notwithstanding the foregoing, if 20% or more of the value of a participant’s Plan account is invested in Amgen stock, no transfers from other investment options can be made to invest in Amgen stock.
The accounts of participants who had never made an investment election are allocated to investments under a qualified default investment alternative which is intended to be compliant with ERISA regulations. At any time participants may elect to alter the investments in their accounts made under a qualified default investment alternative.
Vesting
Participants are immediately vested with respect to their contributions, Company Contributions, and earnings and losses (hereafter referred to as “earnings”) thereon.
Participant Accounts
Each participant’s account is credited with: (a) the participant’s contributions, (b) an allocation of Company Contributions and (c) earnings. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s account.

5

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

1. Description of the Plan (continued)
Plan Investments
Participants can invest in any of 14 different asset classes as well as Amgen stock or may actively manage their account under a self-directed brokerage arrangement in which a wider array of investment options are available. The value of an investment in an asset class is determined by its underlying investment vehicles which may include one or more of the following: mutual funds, collective trust funds and portfolios which are separately managed exclusively for the benefit of Plan participants and their beneficiaries (separately managed portfolios). The separately managed portfolios invest in various types of assets, including publicly traded common and preferred stocks, fixed income securities, collective trust funds and investment contracts. The asset classes are designed to provide participants with choices among a variety of investment objectives.
Payments of Benefits
Subject to Plan limitations, upon termination of employment, including termination due to disability (as defined in the Plan) or retirement, participants may elect to receive an amount equal to the value of their account balance in (a) a single payment in cash, (b) a single distribution in full shares of Amgen stock (with any fractional shares paid in cash), (c) a single distribution paid in a combination of cash and full shares of Amgen stock, (d) cash installments, or (e) a rollover distribution to an eligible retirement plan. If a participant dies before receiving the value of his or her account balance, the participant’s beneficiary may elect to receive the distribution of remaining funds from among the alternatives described above, subject to certain Plan limitations.
 
Subsequent to termination of employment, participants may also elect to maintain their vested account balance in the Plan, provided that their account balance is greater than $1,000.
Certain restrictions apply to withdrawals from the Plan while a participant continues to be employed by the Company.
Amgen Stock Dividends
Participants that invest in Amgen stock may elect to receive distributions of cash with respect to dividends the Company pays on Amgen stock or reinvest such dividends to acquire additional shares of Amgen stock.

6

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

1. Description of the Plan (continued)
Notes Receivable from Participants
Subject to certain restrictions, a participant can have up to two loans outstanding at any one time from his or her Plan account with a combined maximum loan amount which may not exceed the lesser of (a) 50% of the participant’s account balance (exclusive of amounts related to Roth contributions and earnings thereon) or (b) $50,000 less certain adjustments, as applicable (as defined in the Plan). A participant’s loan is secured by his or her Plan account balance. Loans made prior to July 1, 2003 bear interest at fixed rates based on the average borrowing rates of certain major banks. Loans made on or after July 1, 2003 bear interest at fixed rates which, until changed by the Company, are based on the prime rate plus one percentage point as published in The Wall Street Journal determined as of the last day of the calendar quarter preceding origination or such other rate as may be required by law. Loans are generally payable in installments over periods of up to five years, unless the loan is used to acquire a principal residence for which the term of the loan may be up to 20 years. Principal and interest payments are allocated to the participant’s account.
Plan Termination
Although it has not expressed any intent to do so, the Company has the right under the Plan to terminate the Plan subject to the provisions of ERISA. Upon termination, participants would receive distributions of their account balances.
Trustees
Bank of America, N.A. and The Northern Trust Company are the Plan’s co-trustees.

2. Summary of Significant Accounting Policies
Basis of Accounting
The accompanying financial statements are prepared on the accrual basis of accounting.
Fair Value Measurement
The investments of the Plan are reported at fair value. Fair value is generally defined as the price that would be received to sell an asset or paid to transfer a liability (the exit price) in an orderly transaction between market participants at the measurement date (see Note 3, Fair Value Measurements).

7

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


2. Summary of Significant Accounting Policies (continued)
Investment Income and Losses
Dividend income is recognized on the ex-dividend date and interest income is recorded on an accrual basis. Unrealized gains and losses on investments are measured by the change in the difference between the fair value and cost of the securities held at the beginning of the year (or date purchased if acquired during the Plan year) and the end of the year. Realized gains and losses from security transactions are recorded based on the weighted-average cost of securities sold.
Fully Benefit-Responsive Investment Contracts
The Plan holds units of collective trust funds that have investments in fully benefit-responsive investment contracts. In addition, the Plan directly invests in such contracts in the form of security-backed contracts, discussed below. Such contracts held directly or indirectly by a defined contribution plan are required to be reported at fair value. However, contract value is the relevant measurement attribute for that portion of the net assets available for benefits of a defined contribution plan attributable to fully benefit-responsive investment contracts because contract value is the amount participants would receive if they were to initiate qualified transactions related to these investments. The Statements of Net Assets Available for Benefits present these contracts at fair value with an adjustment to contract value. The Statements of Changes in Net Assets Available for Benefits are prepared on a contract value basis.
As of December 31, 2012 and 2011, the Plan had three and two security-backed contracts, respectively, which are fully benefit-responsive investment contracts, including wrapper contracts and an insurance separate account contract. These contracts are backed by the Plan’s ownership interests in collective trust funds that invest in fixed income securities and the separate accounts of the insurance company that issued the contract which are comprised of fixed income securities. As of December 31, 2012, the issuers of the security-backed contracts all had minimum credit ratings of A- or equivalent by Standard & Poor’s, Moody’s Investor Services, Inc. and A.M. Best Company. The issuers of the Plan’s security-backed contracts credit the Plan with stated rates of interest, and the issuers guarantee that all qualified participant withdrawals related to the contracts will be at contract value, except as discussed below. The crediting rates provide for realized and unrealized gains and losses on the underlying assets to be amortized over the expected duration of the underlying investments through adjustments to the future interest crediting rates rather than being reflected immediately in the net assets of the Plan. The interest crediting rates of the security-backed contracts are primarily based on the current yield to maturity of the underlying investments plus or minus amortization of the difference between the contract value and fair value of the underlying investments over the duration of such investments. Accordingly, future crediting rates are impacted by changes in the yield to maturity of underlying investments, the duration of the assets underlying the contract and the difference between the contract value and fair value of the underlying investments. The crediting rates are reset quarterly and are reduced by fees paid to the contract issuers. In no event are the crediting rates less than 0%.


8

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


2. Summary of Significant Accounting Policies (continued)
Fully Benefit-Responsive Investment Contracts (continued)
To the extent that the underlying investments of security-backed contracts have unrealized and/or realized losses, a positive adjustment is made to the adjustment from fair value to contract value in the Statements of Net Assets Available for Benefits. As a result, the future crediting rate may be lower over time than the then-current market rates. Conversely, if the underlying investments generate unrealized and/or realized gains, a negative adjustment is made to the adjustment from fair value to contract value, and the future crediting rate may be higher over time than the then-current market rates.
The security-backed contracts provide for withdrawals at other than contract value associated with certain events which are not in the ordinary course of Plan operations. These withdrawals are made at contract value modified by a market value adjustment as defined in the contract. Circumstances which may trigger a market value adjustment are generally defined as any event which, in the reasonable determination of the issuer, has or will have a material adverse effect on the issuer’s interest under the contract. Such events may include, but are not limited to: (i) material amendments to the Plan’s structure or administration; (ii) changes in or the creation of competing investment options; (iii) complete or partial termination of the Plan; (iv) removal of a specifically identifiable group of employees from coverage under the Plan; (v) a change in law, regulation, ruling, administrative position, or accounting standard applicable to the Plan; or (vi) communication to Plan participants designed to influence a participant not to invest in the asset class that contains these contracts. The Company does not believe that the occurrence of any such event, which would limit the Plan’s ability to transact at contract value with participants, is probable.
These security-backed contracts are evergreen contracts with no maturity dates but do contain termination provisions. The issuer is obligated to pay the excess contract value when the fair value of the underlying investments equals zero. In addition, if the Plan defaults in its obligations under the security-backed contract and such default is not corrected within the time permitted by the contract, then the contract may be terminated by the issuer and the Plan will receive the fair value of the underlying investments as of the date of termination.
The yields earned by the Plan as of December 31, 2012 and 2011 were 1.0% and 1.7%, respectively, which represents the annualized earnings of all security-backed contracts divided by the fair value of all security-backed contracts in the Plan as of December 31, 2012 and 2011, respectively. The yields earned by the Plan with an adjustment to reflect the actual interest rates credited to participants were 2.4% and 3.5% as of December 31, 2012 and 2011, respectively, which represents the annualized earnings credited to participants divided by the fair value of all security-backed contracts as of December 31, 2012 and 2011, respectively.

9

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

2. Summary of Significant Accounting Policies (continued)
Notes Receivable from Participants
Notes receivable from participants are carried at their unpaid balance plus accrued but unpaid interest, as applicable.
Due from/to Brokers
Purchases and sales of investments are recorded on a trade-date basis. Amounts due from brokers and due to brokers arise from unsettled sale and purchase transactions as of December 31, 2012 and 2011.
Use of Estimates
The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.


10

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


3. Fair Value Measurements
The Plan uses various valuation approaches in determining the fair value of investments within a hierarchy that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the investment based on market data obtained from independent sources. Unobservable inputs are inputs that reflect assumptions about the inputs that market participants would use in pricing the investment and are developed based on the best information available in the circumstances. The fair value hierarchy is divided into three levels based on the source of inputs as follows:
Level 1 – Valuations based on unadjusted quoted prices in active markets for identical investments that the Plan has the ability to access;
Level 2 – Valuations for which all significant inputs are observable, either directly or indirectly, other than level 1 inputs;
Level 3 – Valuations based on inputs that are unobservable and significant to the overall fair value measurement.
The availability of observable inputs can vary among the various types of investments. To the extent that the valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. In certain cases, the inputs used for measuring fair value may fall into different levels of the fair value hierarchy. In such cases, for financial statement disclosure purposes, the level in the fair value hierarchy within which the fair value measurement is categorized is based on the lowest level of input used that is significant to the overall fair value measurement.

11

Amgen Retirement and Savings Plan
Notes to Financial Statements (continued)
3. Fair Value Measurements (continued)
The following fair value hierarchy table presents information about each major class/category of the Plan’s investments measured at fair value:
 
 
Fair value measurements at December 31, 2012 using
 
 
Quoted prices
in active
markets for
identical
assets
(Level 1)
 
Significant
other
observable
inputs
(Level 2)
 
Significant
unobservable
inputs
(Level 3)
 
Total
Amgen stock
 
$
184,496,548

 
$
—

 
$
—

 
$
184,496,548

Cash and cash equivalents
 
30,739,498

 
—

 
—

 
30,739,498

Common and preferred stocks:
 
 
 
 
 
 
 
 
Large cap growth
 
284,581,646

 
—

 
—

 
284,581,646

Large cap value
 
107,810,209

 
—

 
—

 
107,810,209

Small-mid cap growth
 
47,123,024

 
—

 
—

 
47,123,024

Small-mid cap value
 
263,613,306

 
156,304

 
—

 
263,769,610

Other
 
139,643,360

 
—

 
—

 
139,643,360

Debt securities:
 
 
 
 
 
 
 
 
U.S. Treasury securities
 
53,860,263

 
—

 
—

 
53,860,263

U.S. government agency securities
 
—

 
85,174,932

 
—

 
85,174,932

Corporate debt securities
 
—

 
37,162,921

 
—

 
37,162,921

Mortgage and asset backed securities
 
—

 
26,697,958

 
—

 
26,697,958

Mutual funds:
 
 
 
 
 
 
 
 
High yield debt
 
68,442,311

 
—

 
—

 
68,442,311

Inflation indexed debt
 
49,117,121

 
—

 
—

 
49,117,121

International growth
 
117,588,989

 
—

 
—

 
117,588,989

International value
 
199,377,358

 
—

 
—

 
199,377,358

Real estate investment trust index
 
75,805,226

 
—

 
—

 
75,805,226

Other
 
32,577,082

 
—

 
—

 
32,577,082

Collective trust funds:
 
 
 
 
 
 
 
 
Capital preservation
 
—

 
249,101,804

 
—

 
249,101,804

Emerging markets equity
 
—

 
106,801,562

 
—

 
106,801,562

Fixed income
 
—

 
22,579,485

 
—

 
22,579,485

Inflation indexed debt
 
—

 
2,747,985

 
—

 
2,747,985

International growth
 
—

 
52,241,069

 
—

 
52,241,069

International value
 
—

 
7,235,472

 
—

 
7,235,472

Large cap growth
 
—

 
18,058,984

 
—

 
18,058,984

Large cap index
 
—

 
530,046,061

 
—

 
530,046,061

Large cap value
 
—

 
5,909,161

 
—

 
5,909,161

Short term investments
 
—

 
53,674,169

 
—

 
53,674,169

Small-mid cap growth
 
—

 
3,261,024

 
—

 
3,261,024

Small-mid cap index
 
—

 
164,916,882

 
—

 
164,916,882

Small-mid cap value
 
—

 
16,895,408

 
—

 
16,895,408

Insurance separate account investment contract
 
—

 
55,532,074

 
—

 
55,532,074

Other
 
13,466

 
408,215

 
—

 
421,681

 
 
$
1,654,789,407

 
$
1,438,601,470

 
$
—

 
$
3,093,390,877

 

12

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

3. Fair Value Measurements (continued)
 
 
Fair value measurements at December 31, 2011 using
 
 
Quoted prices
in active
markets for
identical
assets
(Level 1)
 
Significant
other
observable
inputs
(Level 2)
 
Significant
unobservable
inputs
(Level 3)
 
Total
Amgen stock
 
$
149,661,871

 
$
—

 
$
—

 
$
149,661,871

Cash and cash equivalents
 
27,633,435

 
—

 
—

 
27,633,435

Common and preferred stocks:
 
 
 
 
 
 
 
 
Large cap growth
 
257,227,790

 
—

 
—

 
257,227,790

Large cap value
 
102,403,491

 
—

 
—

 
102,403,491

Small-mid cap growth
 
40,131,480

 
—

 
—

 
40,131,480

Small-mid cap value
 
228,777,796

 
191,847

 
—

 
228,969,643

Other
 
87,684,790

 
—

 
—

 
87,684,790

Debt securities:
 
 
 
 
 
 
 
 
U.S. Treasury securities
 
38,694,429

 
—

 
—

 
38,694,429

U.S. government agency securities
 
—

 
73,208,766

 
—

 
73,208,766

Corporate debt securities
 
—

 
29,264,262

 
—

 
29,264,262

Mortgage and asset backed securities
 
—

 
19,488,781

 
—

 
19,488,781

Mutual funds:
 
 
 
 
 
 
 
 
High yield debt
 
55,053,733

 
—

 
—

 
55,053,733

Inflation indexed debt
 
37,528,268

 
—

 
—

 
37,528,268

International growth
 
81,546,244

 
—

 
—

 
81,546,244

International value
 
153,974,432

 
—

 
—

 
153,974,432

Real estate investment trust index
 
61,231,722

 
—

 
—

 
61,231,722

Other
 
27,126,159

 
—

 
—

 
27,126,159

Collective trust funds:
 
 
 
 
 
 
 
 
Capital preservation
 
—

 
265,279,555

 
—

 
265,279,555

Emerging markets equity
 
—

 
95,719,189

 
—

 
95,719,189

Fixed income
 
—

 
17,102,228

 
—

 
17,102,228

Inflation indexed debt
 
—

 
2,385,874

 
—

 
2,385,874

International growth
 
—

 
39,722,707

 
—

 
39,722,707

International value
 
—

 
11,691,206

 
—

 
11,691,206

Large cap growth
 
—

 
20,001,122

 
—

 
20,001,122

Large cap index
 
—

 
435,684,400

 
—

 
435,684,400

Large cap value
 
—

 
9,340,727

 
—

 
9,340,727

Short term investments
 
—

 
40,496,296

 
—

 
40,496,296

Small-mid cap growth
 
—

 
2,336,529

 
—

 
2,336,529

Small-mid cap index
 
—

 
135,575,001

 
—

 
135,575,001

Small-mid cap value
 
—

 
18,785,984

 
—

 
18,785,984

Other
 
3,650

 
421,499

 
—

 
425,149

 
 
$
1,348,679,290

 
$
1,216,695,973

 
$
—

 
$
2,565,375,263


13

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

3. Fair Value Measurements (continued)
The fair value of common stocks (including Amgen stock), preferred stocks, mutual funds and U.S. treasury securities are valued using quoted market prices in active markets with no valuation adjustment.
Debt securities other than U.S. treasury securities are valued taking into consideration valuations obtained from third-party pricing services. The pricing services utilize industry standard valuation models, including both income and market based approaches, for which all significant inputs are observable, either directly or indirectly, to estimate fair value. These inputs include reported trades of and broker/dealer quotes on the same or similar securities, issuer credit spreads, benchmark securities and, when applicable, prepayment/default projections based on historical data and other observable inputs.
Collective trust funds represent interests in pooled investment vehicles designed typically for collective investment of employee benefit trusts. The fair values of these investments are determined by reference to the net asset value per unit provided by the fund managers. The unit values are based on the fair values of the trusts’ underlying assets, which are principally equity and fixed income securities and short-term investments. The investment strategies of the Plan’s collective trust funds vary generally based on the investment objectives of the asset class of which they are a part. Such investment strategies include investments in fixed income securities and investments in equity securities in domestic and international markets for growth and value objectives as well as to replicate market indexes and to invest in emerging markets. The only redemption restriction with respect to these investments is on the Wells Fargo Stable Return Fund G (fair value of $99,350,460 at December 31, 2012) which requires a one-year notice to be given in the event of complete liquidation.
The fair value of the insurance separate account investment contract was determined by reference to the fair values of securities in the separate accounts underlying the contract.

4. Investments
The fair values of individual investments that represent 5% or more of the Plan’s net assets as of December 31, 2012 and 2011 are as follows:
 
 
 
December 31
 
 
2012
 
2011
Blackrock Equity Index Fund F – Collective trust fund
 
$
497,201,610

 
$
412,424,033

Dodge & Cox International Fund – Mutual fund
 
199,377,358

 
153,974,432

Amgen stock
 
184,496,548

 
149,661,871

Blackrock Extended Equity Market Fund F – Collective trust fund
 
157,513,979

 
 *

 
* Investment balance was less than 5% of the Plan’s net assets.

14

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

4. Investments (continued)
During the years ended December 31, 2012 and 2011, net realized and unrealized gains/(losses) on the Plan’s investments were as follows:
 
 
 
Year Ended December 31
 
 
2012
 
2011
Amgen stock
 
$
49,564,698

 
$
22,543,979

Common and preferred stocks
 
125,069,426

 
(26,213,933
)
Debt securities
 
1,926,382

 
4,250,759

Mutual funds
 
64,631,385

 
(51,339,348
)
Collective trust funds
 
139,990,203

 
(21,002,501
)
Other
 
(102,853
)
 
(525,613
)
 
 
$
381,079,241

 
$
(72,286,657
)

5. Income Tax Status
The Plan received a determination letter from the IRS dated March 27, 2008, stating that the Plan is qualified, in form, under Section 401(a) of the Code and, therefore, the related trust is exempt from taxation. Subsequent to this determination by the IRS, the Plan was amended. Once qualified, the Plan is required to operate in conformity with the Code to maintain its qualification. The Company believes the Plan is currently being operated in compliance with the applicable requirements of the Code and, therefore, believes that the Plan is qualified and the related trust is tax exempt.
Accounting principles generally accepted in the United States require the Company to evaluate uncertain tax positions taken by the Plan. The financial statement effects of a tax position are recognized when the position is more likely than not, based on the technical merits, to be sustained upon examination. As of December 31, 2012, no uncertain tax positions have been taken or are expected to be taken, and no amounts related to uncertain tax positions have been recorded in the Plan’s financial statements. The Plan is subject to audits by the IRS, however there are currently no audits for any periods in progress. The Company believes the Plan is no longer subject to IRS examinations with respect to annual reports for years prior to 2009.
 
6. Services Provided by the Company
During 2012 and 2011, the Company has paid trustee fees and certain other administrative costs on behalf of the Plan.

15

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

7. Reconciliation of Financial Statements to Form 5500
The reconciliation of net assets available for benefits per the financial statements to Form 5500 as of December 31, 2012 and 2011 consisted of the following:
 
 
 
December 31
 
 
2012
 
2011
Net assets available for benefits per the financial statements
 
$
3,125,218,249

 
$
2,609,315,660

Adjustment from fair value to contract value for fully benefit-responsive investment contracts
 
9,277,446

 
9,442,892

Amounts allocated to withdrawing participants
 
(1,179,116
)
 
(295,391
)
Deemed loans
 
(394,362
)
 
(465,964
)
Net assets per the Form 5500
 
$
3,132,922,217

 
$
2,617,997,197

For the year ended December 31, 2012, the following is a reconciliation of the net investment income per the financial statements to the Form 5500:
 
 
 
Year Ended
December 31
2012
Interest and dividend income
 
$
40,671,569

Net realized/unrealized gains
 
381,079,241

Total net investment income per the financial statements
 
421,750,810

Adjustment from fair value to contract value for fully benefit-responsive investment contracts:
 
 
Less prior year adjustment
 
(9,442,892
)
Add current year adjustment
 
9,277,446

Total net investment income per the Form 5500
 
$
421,585,364

For the year ended December 31, 2012, the following is a reconciliation of distributions per the financial statements to the Form 5500:
 
 
 
Year Ended
December 31
2012
Benefits paid
 
$
(200,062,951
)
Investment and administrative fees
 
(6,501,149
)
Total distributions per the financial statements
 
(206,564,100
)
Add prior year amounts allocated to withdrawing participants
 
295,391

Less current year amounts allocated to withdrawing participants
 
(1,179,116
)
Add prior year deemed loan balance
 
465,964

Less current year deemed loan balance
 
(394,362
)
Total distributions per the Form 5500
 
$
(207,376,223
)

16

Supplemental Schedule
Amgen Retirement and Savings Plan
EIN: 95-3540776 Plan: #001
December 31, 2012

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

 
 
 
 
 
Amgen stock*

Employer Securities 2,140,331 shares


$
184,496,548









Capital Preservation Asset Class:







Wells Fargo Stable Return Fund G*

Collective trust fund 1,930,392 units

$
99,350,460



Wells Fargo Fixed Income Fund D*

Collective trust fund 6,226,260 units

78,576,640



Wells Fargo Fixed Income Fund B*

Collective trust fund 3,402,054 units

71,174,704



Metropolitan Life Insurance Company*

Insurance separate account investment contract 544,093 units

55,532,074



Northern Trust Global Investments Collective Daily Short Term Investment Fund*

Collective trust fund 23,675,697 units

23,675,697


 
Monumental Life Insurance Company*
 
Wrapper Contract
 
97,231

 
 
United of Omaha Life Insurance Company*
 
Wrapper Contract
 
—

 
Total Capital Preservation Asset Class





328,406,806









Emerging Markets Equity Asset Class:







JP Morgan Emerging Markets Equity Focus Fund*

 Collective trust fund 5,608,308 units

101,005,623



Northern Trust Global Investments Collective Daily MSCI Emerging Markets Fund - Non Lending*

 Collective trust fund 36,993 units

5,795,939


Total Emerging Markets Equity Asset Class





106,801,562









Fixed Income Asset Class:







Northern Trust Global Investments Collective Daily Aggregate Bond Index Fund - Non Lending*

Collective trust fund 177,923 units

22,579,485



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

Government Bond 7,557,000 units

6,860,693



United States Treasury Notes 1.375% Due 03/15/2013

Government Bond 5,660,000 units

5,674,371



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

Government Bond 5,125,000 units

4,894,616



United States Treasury Notes 3.125% Due 05/15/2019

Government Bond 4,290,000 units

4,858,425



United States Treasury Bonds 8.875% Due 08/15/2017

Government Bond 2,025,000 units

2,785,007



United States Treasury Notes 2.25% Due 01/31/2015

Government Bond 2,580,000 units

2,685,620



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

Government Bond 2,500,000 units

2,287,118



United States Treasury Notes 2.625% Due 12/31/2014

Government Bond 2,026,000 units

2,121,603



United States Treasury Bonds Inflation Index 2.375% Due 01/15/2027

Index Linked Government Bonds 1,230,000 units

1,945,239



United States Treasury SEC Stripped Interest Payments Due 08/15/2017

Government Bond 2,000,000 units

1,936,300



Northern Trust Global Investments Collective Daily Short Term Investment Fund*

Collective trust fund 1,604,836 units

1,604,836



United States Treasury Bonds 4.375% Due 11/15/2039

Government Bond 1,176,000 units

1,529,903



United States Treasury Notes 1.375% Due 11/30/2018

Government Bond 1,170,000 units

1,201,078



United States Treasury Notes 4.75% Due 08/15/2017

Government Bond 995,000 units

1,181,330



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

Government Bond 1,250,000 units

1,127,009



United States Treasury Bonds Inflation Index 2.5% Due 01/15/2029

Index Linked Government Bonds 720,000 units

1,106,392



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

Government Mortgage Backed Security 1,000,000 units

1,096,889



Fannie Mae 0% Due 10/09/2019

Government Agency Bond 1,210,000 units

1,060,029



United States Treasury Notes 1.375% Due 02/15/2013

Government Bond 1,050,000 units

1,051,599



JP Morgan Chase Commercial Mortgage Securities Corporation Series 2005-LDP2 4.78% Due 07/15/2042*

Commercial Mortgage Backed Security 890,000 units

961,040



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

Government Bond 1,000,000 units

886,377



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

Government Bond 1,000,000 units

878,372



Fannie Mae 0% Due 06/01/2017

Government Agency Bond 880,000 units

843,799



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

Government Bond 1,250,000 units

818,383



Federal Home Loan Mortgage Corporation Pool #G1/4591 5.5% Due 12/01/2024

Government Mortgage Backed Security 740,087 units

803,357



Fannie Mae 0% Due 07/05/2014

Government Agency Bond 800,000 units

790,103



United States Treasury SEC Stripped Interest Payments Due 11/15/2029

Government Bond 1,230,000 units

776,290



17
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value

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

Government Bond 750,000 units

769,512



Federal Home Loan Mortgage Corporation Pool #Al0379 8% Due 12/01/2036

Government Mortgage Backed Security 621,962 units

764,753



Ginnie Mae 5.5% Due 06/20/2035

Government Mortgage Backed Security 650,000 units

759,958



Fannie Mae 4.625% Due 05/1/2013

Government Agency Bond 730,000 units

740,804



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

Government Mortgage Backed Security 678,438 units

731,741



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

Government Bond 1,000,000 units

730,923



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

Government Mortgage Backed Security 645,000 units

728,578



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

Government Bond 1,000,000 units

700,649



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

Government Bond 1,000,000 units

679,856



Fannie Mae Pool #735581 5% Due 06/01/2035

Government Mortgage Backed Security 620,003 units

676,766



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

Government Mortgage Backed Security 565,084 units

646,744



Ford Credit Auto Owner Series 2012-A 0.084% Due 08/15/2016

Asset Backed Security 640,000 units

643,339



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

Government Mortgage Backed Security 630,000 units

643,275



United States Treasury 0% Due 02/15/2030

Government Bond 1,000,000 units

626,048



Resolution FDG Corporation Federal Book Entry Principal Payment Due 07/15/2020

Government Agency Bond 700,000 units

618,717



Ginnie Mae 6% Due 11/16/2032

Government Mortgage Backed Security 517,000 units

609,332



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

Government Mortgage Backed Security 500,000 units

608,858



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

Government Bond 850,000 units

601,988



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

Government Mortgage Backed Security 528,622 units

597,617



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

Government Mortgage Backed Security 513,139 units

597,045



Fannie Mae Preassign 00015 5.9% Due 07/25/2042

Government Mortgage Backed Security 508,384 units

595,879



Ally Auto Receivables Trust 2012-4 Class A3 0.59% Due 01/17/2017

Asset Backed Security 588,000 units

587,545



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

Government Mortgage Backed Security 545,000 units

581,735



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

Government Mortgage Backed Security 550,250 units

580,596



BB-UBS Trust 2012-Tft 2.8922% Due 06/05/2030

Commercial Mortgage Backed Security 570,000 units

579,508



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

Government Mortgage Backed Security 540,000 units

564,477



Fannie Mae Pool #333873 7% Due 11/01/2025

Government Mortgage Backed Security 476,033 units

558,319



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

Government Mortgage Backed Security 494,082 units

556,610



Ginnie Mae Pool #004903 6.5% Due 12/20/2040

Government Mortgage Backed Security 479,398 units

551,165



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

Government Mortgage Backed Security 500,000 units

551,062



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

Government Mortgage Backed Security 465,000 units

547,769



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

Government Mortgage Backed Security 457,899 units

545,507



Ginnie Mae 5% Due 03/16/2034

Government Mortgage Backed Security 460,000 units

544,971



AH Mortgage Servicer Advance Revolving Trust 2011/1 A2 3.37% Due 05/10/2013

Asset Backed Security 542,000 units

542,000



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

Government Bond 490,000 units

539,000



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

Government Mortgage Backed Security 500,000 units

532,435



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

Government Mortgage Backed Security 444,584 units

523,951



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

Corporate Bond 500,000 units

518,374



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

Government Mortgage Backed Security 450,000 units

515,112



JP Morgan Chase Commercial Mortgage-Backed Securities 2006-Ldp7 Due 04/15/2045*

Commercial Mortgage Backed Security 440,000 units

506,357



Wachovia Corporation 5.75% Due 02/01/2018

Corporate Bond 420,000 units

503,178



AT&T Inc. 5.6% Due 05/15/2018

Corporate Bond 410,000 units

494,573



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

Government Mortgage Backed Security 489,922 units

492,371



United States Treasury Notes 3.625% Due 08/15/2019

Government Bond 420,000 units

489,070



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

Government Mortgage Backed Security 440,000 units

486,241



UBS Commercial Mortgage 2005-C2 5% Due 04/15/2030

Commercial Mortgage Backed Security 440,000 units

481,447



Anadarko Petroleum Corporation 6.45% Due 09/15/2036

Corporate Bond 380,000 units

476,051



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

Government Mortgage Backed Security 420,000 units

473,998



Fannie Mae Remic Trust 2006-9 6% Due 03/25/2036

Government Mortgage Backed Security 413,952 units

473,445



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

Government Mortgage Backed Security 426,034 units

472,152



UBS Commercial Mortgage 2007-C1 Mortgage Pass-Through 5.455% Due 02/15/2040

Commercial Mortgage Backed Security 420,000 units

471,977



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

Government Mortgage Backed Security 455,000 units

464,989



Fannie Mae 3.726% Due 06/25/2021

Government Mortgage Backed Security 410,000 units

460,584



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

Government Bond 300,000 units

460,406



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

Identity of Issue
 
Description of Investment
 
Current Value

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

Government Mortgage Backed Security 401,129 units

459,051



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

Corporate Bond 439,000 units

453,362



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

Government Mortgage Backed Security 394,394 units

451,872



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

Government Mortgage Backed Security 410,000 units

451,754



Federal Home Loan Mortgage Corporation Series 3181 6.5% Due 07/15/2036

Government Mortgage Backed Security 378,955 units

448,942



Fannie Mae 6% Due 07/25/2037

Government Mortgage Backed Security 400,000 units

447,141



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

Government Mortgage Backed Security 410,000 units

446,823



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

Government Mortgage Backed Security 400,000 units

444,430



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

Government Mortgage Backed Security 394,411 units

443,940



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

Government Mortgage Backed Security 390,000 units

442,217



Fannie Mae Pool #AD9151 5% Due 08/01/2040

Government Mortgage Backed Security 395,810 units

442,094



Federal Home Loan Mortgage Corporation Series 3819 6% Due 04/15/2036

Government Mortgage Backed Security 377,543 units

439,171



Federal Home Loan Mortgage Corporation Pool #G0/6493 4.5% Due 05/01/2041

Government Mortgage Backed Security 406,330 units

437,553



LB-UBS Commercial Mortgage Trust 4.954% Due 09/15/2030

Commercial Mortgage Backed Security 400,000 units

436,946



Fannie Mae Pool #889649 6.5% Due 08/01/2037

Government Mortgage Backed Security 394,559 units

436,141



Fannie Mae 1.80057001114% Due 12/25/2019

Government Mortgage Backed Security 425,000 units

436,097



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

Corporate Bond 380,000 units

435,491



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

Government Mortgage Backed Security 380,000 units

434,061



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

Collateralized Mortgage Obligation 430,000 units

427,842



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

Government Mortgage Backed Security 414,141 units

423,770



Fannie Mae Preassign 00611 5.5% Due 04/25/2033

Government Mortgage Backed Security 375,648 units

418,924



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

Government Mortgage Backed Security 374,653 units

416,409



Federal Home Loan Mortgage Corporation Pool #G1/4351 5% Due 11/01/2023

Government Mortgage Backed Security 381,570 units

410,524



Federal Home Loan Mortgage Corporation Series 2113 6.5% Due 01/15/2029

Government Mortgage Backed Security 361,150 units

408,647



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

Government Mortgage Backed Security 365,000 units

406,734



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

Government Mortgage Backed Security 385,000 units

402,319



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

Government Mortgage Backed Security 345,000 units

400,221



Fannie Mae Pool #555531 5.5% Due 06/01/2033

Government Mortgage Backed Security 360,184 units

395,853



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

Government Mortgage Backed Security 355,000 units

394,475



Federal Home Loan Mortgage Corporation Pool #G04842 6% Due 10/01/2038

Government Mortgage Backed Security 358,396 units

391,692



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

Government Mortgage Backed Security 340,000 units

389,578



Ginnie Mae 2010-026 Remic 5% Due 02/20/2021

Government Mortgage Backed Security 336,492 units

386,965



Ginnie Mae 5.5% Due 11/20/2033

Government Mortgage Backed Security 325,000 units

380,120



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

Commercial Mortgage Backed Security 330,000 units

379,085



Fannie Mae Remic Trust 2004-T3 6% Due 02/25/2044

Government Mortgage Backed Security 338,122 units

378,919



Fannie Mae Remic Trust 2009-108 5% Due 09/25/2039

Government Mortgage Backed Security 353,747 units

376,137



Fannie Mae Pool #Fn0009 3.416% Due 10/01/2020

Government Mortgage Backed Security 340,549 units

375,888



Federal Home Loan Mortgage Corporation Preassign 00130 6.5% Due 02/25/2043

Government Mortgage Backed Security 318,552 units

374,711



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

Government Mortgage Backed Security 344,919 units

373,651



Banc America Mortgage Securities Inc. 2006-5 5.41% Due 09/10/2047*

Commercial Mortgage Backed Security 325,000 units

369,655



Fannie Mae Pool #948542 6.5% Due 11/01/2037

Government Mortgage Backed Security 330,991 units

366,665



Federal Home Loan Mortgage Corporation Series 2885 6% Due 11/15/2034

Government Mortgage Backed Security 291,998 units

364,050



Resolution FDG Corporation Federal Generic Principle Payment Due 10/15/2019

Government Agency Bond 400,000 units

362,500



Federal Home Loan Mortgage Corporation Series 3855 6.5% Due 11/15/2036

Government Mortgage Backed Security 314,574 units

360,100



HSBC Holdings PLC 4% Due 03/30/2022

Corporate Bond 328,000 units

359,116



Federal Home Loan Mortgage Corporation Series 3406 6% Due 01/15/2038

Government Mortgage Backed Security 326,406 units

358,264



Federal Home Loan Mortgage Corporation Series 2173 6.5% Due 07/15/2029

Government Mortgage Backed Security 312,036 units

357,188



Federal Home Loan Mortgage Corporation Pool #D98914 4% Due 01/01/2032

Government Mortgage Backed Security 326,640 units

355,954



Fannie Mae Series 2009-70 Floating Rate Due 09/25/2039

Government Mortgage Backed Security 347,792 units

353,761



Fannie Mae 2010-19 5% Due 02/25/2021

Government Mortgage Backed Security 316,110 units

350,552



Tennessee Valley Authority 4.875% Due 01/15/2048

Government Agency Bond 280,000 units

350,489



Conoco Inc. 6.95% Due 04/15/2029

Corporate Bond 250,000 units

348,543



Federal Home Loan Mortgage Corporation Series 2461 6.5% Due 06/15/2032

Government Mortgage Backed Security 302,106 units

347,728



Federal Home Loan Mortgage Corporation 5.25% Due 06/15/2017

Government Mortgage Backed Security 315,672 units

346,105



American Credit Acceptance Receivable 2012-2 Class A 1.89% Due 07/15/16

Asset Backed Security 344,092 units

345,610



Federal Home Loan Mortgage Corporation 6% Due 07/15/2037

Government Mortgage Backed Security 300,000 units

344,437



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

Identity of Issue
 
Description of Investment
 
Current Value

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

Corporate Bond 290,000 units

344,385



Fannie Mae Remic Series 2004-68 5% Due 09/25/2029

Government Mortgage Backed Security 320,230 units

342,985



Federal Home Loan Mortgage Corporation Series 3383 5.5% Due 11/15/2027

Government Mortgage Backed Security 285,000 units

342,820



Ginnie Mae 2003-18 Remic Pass-Through 5.5% Due 03/20/2033

Government Mortgage Backed Security 285,000 units

342,766



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

Commercial Mortgage Backed Security 300,000 units

342,747



Fannie Mae Pool #968066 6% Due 10/01/2022

Government Mortgage Backed Security 305,278 units

342,054



Fannie Mae Pool #AD0329 6.5% Due 09/01/2028

Government Mortgage Backed Security 305,859 units

340,544



UBS Commercial Mortgage 2007-C6 Mortgage Pass-Through Due 07/15/2040

Commercial Mortgage Backed Security 285,000 units

340,230



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

Commercial Mortgage Backed Security 285,000 units

339,785



Hyundai Auto Receivables Trust 2012-B 0.62% Due 09/15/2016

Asset Backed Security 339,000 units

339,584



Federal Home Loan Mortgage Corporation Series 2989 5% Due 06/15/2025

Government Mortgage Backed Security 308,739 units

337,364



Ginnie Mae 0% Due 12/20/2040

Government Mortgage Backed Security 359,341 units

333,720



Fannie Mae Remic Trust 2004-W1 5.04% Due 11/25/2043

Government Mortgage Backed Security 312,982 units

331,094



Fannie Mae Series 2004-W12 6% Due 07/25/2044

Government Mortgage Backed Security 296,397 units

327,147



Ginnie Mae Pool #711068 5% Due 01/15/2040

Government Mortgage Backed Security 297,429 units

326,452



Fannie Mae Pool 6.0% Due 07/1/2037

Government Mortgage Backed Security 292,844 units

326,301



Federal Home Loan Mortgage Corporation Series 2901 5% Due 06/15/2018

Government Mortgage Backed Security 305,000 units

325,850



Fannie Mae Series 2002-82 6% Due 08/25/2032

Government Mortgage Backed Security 284,000 units

324,460



Wachovia Bank Commercial Mortgage Pass-Through Due 07/15/45

Commercial Mortgage Backed Security 285,000 units

324,332



Fannie Mae Remic Trust 2009-43 4% Due 06/25/2024

Government Mortgage Backed Security 306,512 units

324,245



Chase Mortgage Financial Trust Series 2007-A1 Pass-Through 2.753% Due 02/25/2037*

Collateralized Mortgage Obligation 318,135 units

323,940



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

Corporate Bond 323,000 units

323,775



Federal Home Loan Mortgage Corporation Series 2843 5% Due 08/15/2019

Government Mortgage Backed Security 298,000 units

323,642



Federal Home Loan Mortgage Corporation Series 2864 5.5% Due 07/15/2033

Government Mortgage Backed Security 290,000 units

323,142



Telefonica 6.221% Due 07/03/2017

Corporate Bond 290,000 units

322,625



Wachovia Corporation 5.625% Due 10/15/2016

Corporate Bond 280,000 units

321,028



Bear Stearns Commercial Mortgage Securities 2007-PWR16 Due 06/11/2040

Commercial Mortgage Backed Security 285,000 units

320,823



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

Collateralized Mortgage Obligation 320,048 units

320,048



Freddie Mac Series 3605 5.5% Due 06/15/2037

Government Mortgage Backed Security 265,000 units

318,595



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

Government Mortgage Backed Security 290,519 units

315,334



Ginnie Mae Pool #738058 6% Due 05/20/2036

Government Mortgage Backed Security 278,903 units

312,832



Fannie Mae Pool #745852 6.5% Due 01/01/2036

Government Mortgage Backed Security 265,013 units

312,637



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

Corporate Bond 260,000 units

311,786


 
Wells Fargo Mortgage Backed Securities 2004-EE Trust Variable Rate Due 12/25/2034*
 
Collateralized Mortgage Obligation 301,482 units
 
310,972

 

Federal Home Loan Mortgage Corporation 6.15% Due 04/15/2028

Government Mortgage Backed Security 270,025 units

310,166



Ally Auto 0.85% Due 08/15/2016

Asset Backed Security 305,000 units

306,678



Ginnie Mae Pool #711067 5% Due 01/15/2040

Government Mortgage Backed Security 279,068 units

306,301



Ginnie Mae Pool #738052 6% Due 07/20/2036

Government Mortgage Backed Security 272,502 units

305,653



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

Commercial Mortgage Backed Security 295,237 units

304,725



Fannie Mae Series 2010-111 Class AE 5.5% Due 04/25/2038

Government Mortgage Backed Security 277,083 units

303,733



Ginnie Mae 2005-28 5.5% Due 04/20/2035

Government Mortgage Backed Security 271,495 units

301,809



Fannie Mae Pool #949368 6.5% Due 09/01/2037

Government Mortgage Backed Security 272,419 units

301,780



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

Corporate Bond 250,000 units

301,364



Verizon Communications Inc. 5.5% Due 02/15/2018

Corporate Bond 250,000 units

300,218



Fannie Mae Preassign 00568 5% Due 04/25/2034

Government Mortgage Backed Security 281,000 units

296,682



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

Government Mortgage Backed Security 278,454 units

296,129



Citigroup, Inc. 8.5% Due 05/22/2019

Corporate Bond 220,000 units

295,820



Ginnie Mae 6.5% Due 03/16/2031

Government Mortgage Backed Security 253,528 units

295,440



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

Asset Backed Security 293,000 units

294,488



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

Collateralized Mortgage Obligation 300,027 units

294,284



CNH Equipment Trust 2011-B .91% Due 08/15/2016

Asset Backed Security 292,000 units

293,429



Comcast Corporation 6.5% Due 01/15/2017

Corporate Bond 240,000 units

289,450



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

Government Mortgage Backed Security 257,995 units

287,252



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

Government Mortgage Backed Security 262,374 units

286,965



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

Commercial Mortgage Backed Security 283,983 units

283,597



Ginnie Mae 6% Due 08/20/2038

Government Mortgage Backed Security 231,000 units

280,805



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

Identity of Issue
 
Description of Investment
 
Current Value

Fannie Mae Remic Trust 2005-64 5.5% Due 07/25/2035

Government Mortgage Backed Security 232,000 units

279,385



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

Commercial Mortgage Backed Security 250,000 units

278,734



Fannie Mae Remic Trust 2012-132 Variable Rate Due 12/25/2042

Government Mortgage Backed Security 268,112 units

278,325



Federal Home Loan Mortgage Corporation Series 3653 5% Due 04/15/2040

Government Mortgage Backed Security 256,848 units

278,094



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

Government Mortgage Backed Security 2,247,721 units

276,798



Barclays Bank 5.2% Due 07/10/2014

Corporate Bond 260,000 units

276,644



Federal Home Loan Mortgage Corporation Pool 5.5% Due 01/1/2038

Government Mortgage Backed Security 254,838 units

275,296



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

Corporate Bond 260,000 units

274,732



Fannie Mae Remic Trust 2002 7% Due 12/25/2041

Government Mortgage Backed Security 243,051 units

274,388



Federal Home Loan Mortgage Corporation Series 2003-T57 7% Due 07/25/2043

Government Mortgage Backed Security 237,990 units

274,099



Federal Home Loan Mortgage Corporation 5% Due 03/15/2018

Government Mortgage Backed Security 250,000 units

273,624



Fannie Mae Preassign 00890 7% Due 11/25/2031

Government Mortgage Backed Security 229,985 units

273,594



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

Government Mortgage Backed Security 245,262 units

268,362



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

Government Bond 210,000 units

267,914



Federal Home Loan Mortgage Corporation Pool #A52195 7% Due 09/01/2036

Government Mortgage Backed Security 232,113 units

267,368



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

Municipal/Provincial Bond 185,000 units

265,429



Structured Asset Securities Corporation 2003-BC10 Pass-Through Due 10/25/2033

Asset Backed Security 300,000 units

265,127



Fannie Mae Pool #995149 6.5% Due 10/01/2038

Government Mortgage Backed Security 234,973 units

263,700



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

Government Bond 200,000 units

263,219



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

Government Mortgage Backed Security 241,362 units

261,077



Ally Auto 2.23% Due 03/15/2016

Asset Backed Security 255,000 units

260,738



Fannie Mae Pool #948558 6.5% Due 12/01/2037

Government Mortgage Backed Security 234,525 units

259,801



American Express Credit 5.125% Due 08/25/2014

Corporate Bond 240,000 units

257,122



Federal Home Loan Mortgage Corporation Pool #G12728 6% Due 07/01/2022

Government Mortgage Backed Security 232,066 units

256,258



Bank of America Corporation 4.9% Due 05/01/2013*

Corporate Bond 250,000 units

253,411



National Bank of Canada 1.65% Due 01/30/2014

Corporate Bond 250,000 units

253,400



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

Commercial Mortgage Backed Security 230,000 units

252,920



CWMBS Inc. 5.25% Due 05/25/2034

Collateralized Mortgage Obligation 246,013 units

252,299



Transocean Inc. 5.25% Due 03/15/2013

Corporate Bond 250,000 units

252,195



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

Corporate Bond 200,000 units

251,651



Ginnie Mae 2008-047 Remic 5.25% Due 06/16/2038

Government Mortgage Backed Security 215,000 units

251,033



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

Collateralized Mortgage Obligation 243,255 units

250,577



Ginnie Mae Pool #556303 4.5% Due 12/15/2016

Government Mortgage Backed Security 229,089 units

250,098



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

Corporate Bond 250,000 units

249,900



Ginnie Mae Pool #005072 6.5% Due 10/20/2039

Government Mortgage Backed Security 217,118 units

248,536



Fannie Mae Remic 6% Due 04/25/2037

Government Mortgage Backed Security 228,714 units

247,852



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

Collateralized Mortgage Obligation 248,335 units

247,702



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

Collateralized Mortgage Obligation 234,111 units

244,878



Honda Auto 1.8% Due 04/17/2017

Asset Backed Security 240,000 units

244,093



Ginnie Mae 2006-033 6% Due 07/20/2036

Government Mortgage Backed Security 212,568 units

244,016



Federal Home Loan Mortgage Corporation 7% Due 07/15/2027

Government Mortgage Backed Security 210,248 units

243,666



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

Corporate Bond 200,000 units

243,313



Federal Home Loan Mortgage Corporation Series 1503 7% Due 05/15/2023

Government Mortgage Backed Security 212,957 units

243,285



Morgan Stanley 7.3% Due 05/13/2019

Corporate Bond 200,000 units

243,044



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

Collateralized Mortgage Obligation 246,310 units

243,008



Federal Home Loan Mortgage Corporation Pool 5.5% Due 11/1/2037

Government Mortgage Backed Security 224,268 units

242,692



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

Government Mortgage Backed Security 221,659 units

242,674



British Telecommunications PLC Stepup 12/15/2030

Corporate Bond 150,000 units

238,302



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

Commercial Mortgage Backed Security 1,563,761 units

238,119



Federal Home Loan Mortgage Corporation Pool #A57681 6% Due 12/01/2036

Government Mortgage Backed Security 217,807 units

237,369



Federal Home Loan Mortgage Corporation Series 2557 5.3% Due 01/15/2033

Government Mortgage Backed Security 215,326 units

236,473



Morgan Stanley 6.625% Due 04/01/2018

Corporate Bond 200,000 units

235,715



Sequoia Mortgage Trust Floating Rate Due 11/20/2034

Collateralized Mortgage Obligation 244,372 units

235,448



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

Commercial Mortgage Backed Security 220,000 units

235,042



Freddie Mac Series 2078 6.5% Due 08/15/2028

Government Mortgage Backed Security 204,183 units

233,423



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

Corporate Bond 220,000 units

233,200



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

Identity of Issue
 
Description of Investment
 
Current Value

First Horizon Mortgage Pass-Through 2003-AR4 Due 12/25/33

Collateralized Mortgage Obligation 233,654 units

231,725



HSBC Bank PLC 4.75% Due 01/19/2021

Corporate Bond 200,000 units

230,779



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

Government Mortgage Backed Security 209,058 units

226,489



Federal Home Loan Mortgage Corporation Series 2669 5.5% Due 08/15/2033

Government Mortgage Backed Security 206,000 units

226,145



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

Commercial Mortgage Backed Security 211,000 units

225,514



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

Collateralized Mortgage Obligation 217,213 units

223,971



Fannie Mae Remic Trust 1994-29 6.5% Due 02/25/2024

Government Mortgage Backed Security 193,397 units

223,571



Federal Home Loan Mortgage Corporation Multiclass Series 1505 7% Due 05/15/2023

Government Mortgage Backed Security 194,584 units

223,119



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

Collateralized Mortgage Obligation 240,234 units

222,663



Devon Energy Corporation 7.95% Due 04/15/2032

Corporate Bond 150,000 units

221,919



Fannie Mae 1993-215 6.5% Due 07/15/2014

Government Mortgage Backed Security 197,141 units

221,679



Ginnie Mae 2009-094 Remic Pass-Through 5% Due 11/20/2038

Government Mortgage Backed Security 190,000 units

220,228



USAA Auto Owner Trust 0.43% Due 08/15/2016

Asset Backed Security 220,000 units

219,841



FirstEnergy Corporation 7.375% Due 11/15/2031

Corporate Bond 170,000 units

219,569



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

Corporate Bond 180,000 units

219,260



Caterpillar Financial Services Corporation 6.2% Due 09/30/2013

Corporate Bond 210,000 units

219,065



Fannie Mae Remic Series 2004-101 5% Due 01/25/2020

Government Mortgage Backed Security 200,000 units

217,749



Fannie Mae Pool #AD0584 7% Due 01/01/2039

Government Mortgage Backed Security 189,410 units

216,693



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

Government Mortgage Backed Security 1,310,174 units

216,501



John Deere Capital Corporation 4.9% Due 09/09/2013

Corporate Bond 210,000 units

216,444



Federal Home Loan Mortgage Corporation Series 2595 5.5% Due 04/15/2023

Government Mortgage Backed Security 195,867 units

216,434



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

Collateralized Mortgage Obligation 211,092 units

216,229



Federal Home Loan Mortgage Corporation Pool #A79090 6.5% Due 07/01/2034

Government Mortgage Backed Security 184,966 units

215,601



Pfizer Inc. 6.2% Due 03/15/2019

Corporate Bond 170,000 units

214,876



Ginnie Mae Pool #005159 7% Due 01/20/2039

Government Mortgage Backed Security 181,945 units

214,132



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

Commercial Mortgage Backed Security 197,600 units

214,062



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

Collateralized Mortgage Obligation 210,000 units

214,051



Fannie Mae Preassign 00324 6% Due 04/25/2033

Government Mortgage Backed Security 185,384 units

214,001



Toronto Dominion Bank 2.2% Due 07/29/2015

Corporate Bond 205,000 units

213,610



Fannie Mae Remic Series 2007-116 5.5% Due 08/25/2035

Government Mortgage Backed Security 187,816 units

211,963



Citigroup Mortgage Securities Inc. 2004-4 Remic 5.5% Due 06/25/2034

Collateralized Mortgage Obligation 202,283 units

211,771



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

Corporate Bond 200,000 units

211,740



Fannie Mae Remic Trust 2005-97 5.5% Due 11/25/2035

Government Mortgage Backed Security 185,903 units

211,650



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

Corporate Bond 210,000 units

211,589



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

Government Bond 180,000 units

211,500



Federal Home Loan Mortgage Corporation Series 2347 5.75% Due 08/15/2031

Government Mortgage Backed Security 191,035 units

211,070



Federal Home Loan Mortgage Corporation Pool #P20410 5.5% Due 10/01/2033

Government Mortgage Backed Security 203,957 units

210,970



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

Government Mortgage Backed Security 189,372 units

210,847



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

Corporate Bond 180,000 units

209,420



Ginnie Mae Pool #782933 6.5% Due 10/15/2023

Government Mortgage Backed Security 188,425 units

209,308



Fannie Mae Pool 5.0% Due 06/1/2035

Government Mortgage Backed Security 191,592 units

209,137



Fannie Mae Remic Trust 2001-16 6% Due 05/25/2031

Government Mortgage Backed Security 185,632 units

208,825



Citigroup, Inc. 6.01% Due 01/15/2015

Corporate Bond 190,000 units

207,616



Fannie Mae Pool #890268 6.5% Due 10/01/2038

Government Mortgage Backed Security 184,230 units

206,679



Freddie Mac Series 2797 4% Due 06/15/2032

Government Mortgage Backed Security 192,897 units

206,637



Ginnie Mae Pool #738051 6% Due 03/20/2041

Government Mortgage Backed Security 182,675 units

203,870



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

Collateralized Mortgage Obligation 206,572 units

202,625



Fannie Mae Pool #745735 5% Due 03/01/2021

Government Mortgage Backed Security 184,329 units

201,297



JP Morgan Chase Commercial Mortgage-Backed Securities Corporation Due 10/15/2042*

Commercial Mortgage Backed Security 185,000 units

201,222



MetLife Global 3.875% Due 04/11/2022*

Corporate Bond 185,000 units

201,199



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

Collateralized Mortgage Obligation 197,593 units

201,158



Northstar Mortgage Trust Series 2012-1 Floating Rate Due 04/25/2015

Commercial Mortgage Backed Security 198,630 units

198,274



Federal Home Loan Mortgage Corporation Series 2649 5.5% Due 10/15/2022

Government Mortgage Backed Security 191,763 units

197,673



Shell International Finance 4.375% Due 03/25/2020

Corporate Bond 170,000 units

197,192



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

Identity of Issue
 
Description of Investment
 
Current Value

Federal Home Loan Mortgage Corporation Series 1680 6.5% Due 02/15/2024

Government Mortgage Backed Security 176,730 units

197,110



Fannie Mae Pool #889528 6.5% Due 05/01/2038

Government Mortgage Backed Security 177,923 units

197,099



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

Collateralized Mortgage Obligation 182,519 units

196,201



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

Collateralized Mortgage Obligation 191,524 units

193,403



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

Corporate Bond 150,000 units

193,260


 
Federal Home Loan Mortgage Corporation Multiclass Series 3852 Floating Rate Due 05/15/2041
 
Government Mortgage Backed Security 178,787 units
 
192,875

 

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

Commercial Mortgage Backed Security 245,916 units

192,842



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

Commercial Mortgage Backed Security 170,000 units

192,706



Fannie Mae Pool #AA8502 6% Due 08/01/2037

Government Mortgage Backed Security 172,294 units

192,453



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

Collateralized Mortgage Obligation 194,086 units

190,893



Washington Mutual Mortgage 5.5% Due 04/25/2033

Collateralized Mortgage Obligation 180,947 units

190,440



Ginnie Mae Pool #603459 6% Due 01/15/2018

Government Mortgage Backed Security 172,477 units

188,740



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

Collateralized Mortgage Obligation 186,381 units

188,649



Deutsche Telekom International 5.75% Due 03/23/2016

Corporate Bond 165,000 units

188,003



Federal Home Loan Mortgage Corporation Pool #G04467 6% Due 09/01/2035

Government Mortgage Backed Security 167,777 units

186,568



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

Collateralized Mortgage Obligation 185,910 units

186,147



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

Corporate Bond 150,000 units

186,027



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

Corporate Bond 140,000 units

185,465



Federal Home Loan Mortgage Corporation Series 2672 5% Due 11/15/2022

Government Mortgage Backed Security 177,173 units

185,124



Federal Home Loan Mortgage Corporation Series 2073 6.5% Due 07/15/2028

Government Mortgage Backed Security 160,345 units

183,331



Ginnie Mae 6% Due 04/20/2036

Government Mortgage Backed Security 150,000 units

183,130



CenterPoint Energy 6.5% Due 05/01/2018

Corporate Bond 150,000 units

182,963



GlaxoSmithKline 5.65% Due 05/15/2018

Corporate Bond 150,000 units

182,707



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

Asset Backed Security 184,933 units

182,354



Federal Home Loan Mortgage Corporation Pool #G3/0484 6.5% Due 01/01/2029

Government Mortgage Backed Security 161,437 units

179,997



Fannie Mae Pool #941028 6.5% Due 07/01/2038

Government Mortgage Backed Security 151,318 units

179,831



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

Collateralized Mortgage Obligation 170,540 units

179,369



Wellpoint Inc. 5.875% Due 06/15/2017

Corporate Bond 150,000 units

178,032



Ginnie Mae Series 2008-077 Remic Pass-Through 5.5% Due 08/20/2038

Government Mortgage Backed Security 155,000 units

178,012



Fannie Mae Preassign 00277 5.5% Due 02/25/2033

Government Mortgage Backed Security 155,000 units

177,824



Federal Home Loan Mortgage Corporation Preassign 00162 5.5% Due 09/15/2033

Government Mortgage Backed Security 174,148 units

177,664



Ontario Province Canada 0.95% Due 05/26/2015

Municipal/Provincial Bond 175,000 units

177,249



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

Corporate Bond 130,000 units

176,003



Fannie Mae Pool #550382 6.45% Due 07/1/2030

Government Mortgage Backed Security 152,691 units

174,992



Federal Home Loan Mortgage Corporation Series 2479 6% Due 08/15/2032

Government Mortgage Backed Security 160,625 units

174,872



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

Government Mortgage Backed Security 136,247 units

173,318



Fannie Mae Pool #7335503 6% Due 04/01/2035

Government Mortgage Backed Security 155,480 units

173,296



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

Corporate Bond 150,000 units

172,974



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

Corporate Bond 130,000 units

172,729



Comcast Corporation 5.9% Due 03/15/2016

Corporate Bond 150,000 units

172,340



Morgan Stanley 5.75% Due 01/25/2021

Corporate Bond 150,000 units

171,305



PNC Financial Services Group Inc. Senior Note Due 11/09/2022

Corporate Bond 170,000 units

170,990



Anheuser-Busch 6.875% Due 11/15/2019

Corporate Bond 130,000 units

170,703



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

Government Mortgage Backed Security 157,362 units

169,227



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

Commercial Mortgage Backed Security 2,449,945 units

168,720



Ginnie Mae 5.5% Due 06/20/2038

Government Mortgage Backed Security 142,000 units

168,625



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

Corporate Bond 160,000 units

168,492



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

Corporate Bond 160,000 units

168,445



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

Collateralized Mortgage Obligation 161,174 units

167,575



Federal Home Loan Mortgage Corporation Pool #K00035 6.5% Due 05/01/2037

Government Mortgage Backed Security 150,867 units

167,458



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

Government Bond 150,000 units

166,125



Santander Drive Auto Receivables Trust 1.08% Due 04/15/2016

Asset Backed Security 165,000 units

166,110



Sequoia Mortgage Trust Variable Rate Due 09/20/2034

Collateralized Mortgage Obligation 166,459 units

165,976



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

Corporate Bond 140,000 units
 
165,430

 

Federal Home Loan Mortgage Corporation Series 2648 5% Due 07/15/2033

Government Mortgage Backed Security 159,976 units

165,043



Fannie Mae Pool #351397 7% Due 03/01/2026

Government Mortgage Backed Security 140,993 units

164,311



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

Identity of Issue
 
Description of Investment
 
Current Value

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

Corporate Bond 157,000 units

163,634



Federal Home Loan Mortgage Corporation Series 2994 5% Due 06/15/2035

Government Mortgage Backed Security 149,000 units

163,426



Hess Corporation LLC 5.29% Due 03/25/2016

Asset Backed Security 150,000 units

163,150



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

Asset Backed Security 162,000 units

162,764



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

Government Mortgage Backed Security 755,738 units

162,322



Trafigura Securitisation Finance PLC Due 10/15/2015

Asset Backed Security 160,000 units

161,525



Fannie Mae 2001-T10 Pass-Through 7% Due 12/25/2041

Government Mortgage Backed Security 139,435 units

161,459



Fannie Mae Pool #889665 6% Due 08/01/2037

Government Mortgage Backed Security 145,467 units

161,285



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

Collateralized Mortgage Obligation 156,023 units

161,194



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

Corporate Bond 152,000 units

161,083



General Electric Capital Corporation 5.9% Due 05/13/2014

Corporate Bond 150,000 units

160,757



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

Commercial Mortgage Backed Security 141,000 units

159,218



Master Alternative Loan Trust 5.5% Pass-Through

Collateralized Mortgage Obligation 152,278 units

158,943



Ginnie Mae Pool #699238 6.5% Due 09/15/2023

Government Mortgage Backed Security 143,092 units

158,508



Fannie Mae Trust 2004 7% Due 02/25/2044

Government Mortgage Backed Security 134,401 units

158,424



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

Collateralized Mortgage Obligation 154,824 units

158,058



Citigroup, Inc. 6.875% Due 03/5/2038

Corporate Bond 120,000 units

157,975



Federal Home Loan Mortgage Corporation 6% Due 06/15/2033

Government Mortgage Backed Security 155,072 units

157,898



CitiFinancial Mortgage 5.348% Due 08/25/2033

Asset Backed Security 160,999 units

157,778



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

Collateralized Mortgage Obligation 151,249 units

156,688



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

Corporate Bond 145,000 units

156,052



CPS Auto 1.59% Due 03/16/2020

Asset Backed Security 156,000 units

155,954



Santander Drive Auto Receivables Trust 0.82999998331% Due 12/15/2016

Asset Backed Security 155,000 units

155,814



Centex Home Equity 4.68% Due 06/25/2032

Asset Backed Security 151,665 units

155,772



Fannie Mae Pool #AD0471 5.5% Due 01/01/2024

Government Mortgage Backed Security 142,942 units

154,861



Federal Home Loan Mortgage Corporation Series 3688 Variable Rate Due 11/15/2046

Government Mortgage Backed Security 133,039 units

154,232



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

Collateralized Mortgage Obligation 149,176 units

151,141



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

Government Mortgage Backed Security 1,214,141 units

150,818



Fannie Mae Pool #767867 5.5% Due 03/01/2033

Government Mortgage Backed Security 137,054 units

150,113



Fannie Mae Preassign 00491 5% Due 02/25/2018

Government Mortgage Backed Security 140,457 units

150,043



Fannie Mae 0% Due 12/01/2024

Government Mortgage Backed Security 162,996 units

149,804



Fannie Mae Remic Trust 2005-50 5% Due 06/25/2025

Government Mortgage Backed Security 137,091 units

149,221



Telecom Italia Capital 5.25% Due 10/01/2015

Corporate Bond 140,000 units

148,960



Fannie Mae 1999-54 6.5% Due 11/25/2029

Government Mortgage Backed Security 129,302 units

147,578



Federal Home Loan Mortgage Corporation Series 2656 5% Due 10/15/2032

Government Mortgage Backed Security 139,104 units

147,189



Nordea Bank 7% Due 11/13/2014

Corporate Bond 140,000 units

146,965



Fannie Mae Remic Trust 2005-118 6% Due 01/25/2032

Government Mortgage Backed Security 143,804 units

146,939



Keycorp 5.1% Due 03/24/2021

Corporate Bond 125,000 units

145,626



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

Government Mortgage Backed Security 153,440 units

145,399



Trans Canada Pipelines Limited 3.8% Due 10/01/2020

Corporate Bond 130,000 units

145,067



Fannie Mae Remic Series 2003-W2 6.5% Due 07/25/2042

Government Mortgage Backed Security 119,224 units

143,750



Ginnie Mae 2008-050 Remic Pass-Through 6% Due 06/20/2038

Government Mortgage Backed Security 123,000 units

143,159



Ginnie Mae Pool #004318 7% Due 12/20/2038

Government Mortgage Backed Security 123,742 units

142,799



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

Collateralized Mortgage Obligation 139,236 units

142,484



Residential Accredited Loans Inc. Pass-Through 5% Due 03/25/2019

Collateralized Mortgage Obligation 136,031 units

141,982



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

Government Mortgage Backed Security 779,479 units

141,694



UnitedHealth Group Inc. 4.875% Due 02/15/2013

Corporate Bond 140,000 units

140,701



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

Collateralized Mortgage Obligation 136,478 units

139,242



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

Collateralized Mortgage Obligation 136,856 units

138,307



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

Municipal/Provincial Bond 140,000 units

138,130



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

Government Mortgage Backed Security 139,128 units

136,524



Fannie Mae Remic Trust 2003-84 5% Due 03/25/2032

Government Mortgage Backed Security 132,163 units

136,467



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

Government Bond 90,000 units

136,364



Federal Home Loan Mortgage Corporation Series 1078 6.5% Due 05/15/2021

Government Mortgage Backed Security 124,695 units

136,227



Fannie Mae Series 2007-100 5.75% Due 10/25/2035

Government Mortgage Backed Security 129,556 units

136,077



First Franklin Mortgage Loan Trust Series 2005-FF9 Floating Rate Due 10/25/2035

Asset Backed Security 135,865 units

135,617



Master Asset Security Trust 5.25% Due 07/25/2019

Collateralized Mortgage Obligation 130,621 units

134,333



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

Identity of Issue
 
Description of Investment
 
Current Value

Fannie Mae Remic Series 2003-47 5.75% Due 06/25/2033

Government Mortgage Backed Security 119,000 units

133,810



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

Collateralized Mortgage Obligation 133,018 units

133,746



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

Corporate Bond 100,000 units

133,569



DTAuto Owner Trust Series 2012-2 0.91% Due 11/16/2015

Asset Backed Security 133,297 units

133,380



Ginnie Mae Pool #534607 6.45% Due 08/15/2030

Government Mortgage Backed Security 118,007 units

133,359



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

Government Mortgage Backed Security 125,618 units

133,074



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

Government Mortgage Backed Security 995,584 units

132,781



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

Collateralized Mortgage Obligation 128,266 units

132,624



Federal Home Loan Mortgage Corporation Series 2626 5% Due 06/15/2033

Government Mortgage Backed Security 112,450 units

132,520



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

Government Mortgage Backed Security 717,994 units

132,373



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

Corporate Bond 109,000 units

130,877



Fannie Mae Pool #888281 6% Due 04/01/2027

Government Mortgage Backed Security 119,403 units

130,723



Ally Auto 1.55% Due 10/15/2014

Asset Backed Security 129,000 units

130,483



MetLife Global 2.5% Due 09/29/2015*

Corporate Bond 125,000 units

130,395



Federal Home Loan Mortgage Corporation Multiclass Series 16 7% Due 08/25/2023

Government Mortgage Backed Security 111,713 units

130,308



Ginnie Mae 6.5% Due 06/2/2032

Government Mortgage Backed Security 111,404 units

129,672



Federal Home Loan Mortgage Corporation Pool #E0227 6% Due 11/01/2021

Government Mortgage Backed Security 116,556 units

129,160



Fannie Mae Pool #889213 6% Due 04/01/2034

Government Mortgage Backed Security 117,904 units

128,623



Fannie Mae Remic Series 1997-57 5% Due 09/18/2027

Government Mortgage Backed Security 115,927 units

127,038



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

Government Mortgage Backed Security 134,202 units

126,937



Federal Home Loan Mortgage Corporation Preassign 00213 5% Due 07/15/2032

Government Mortgage Backed Security 123,916 units

126,746



Ontario Province Canada 4% Due 10/07/2019

Municipal/Provincial Bond 110,000 units

126,270



Ginnie Mae 6% Due 12/20/2039

Government Mortgage Backed Security 114,904 units

126,225



Ginnie Mae 2008-60 5.5% Due 07/16/2023

Government Mortgage Backed Security 112,778 units

125,689



BP Capital Markets PLC 5.25% Due 11/07/2013

Corporate Bond 120,000 units

124,873



Structured Asset Securities Corporation 2003-14 Due 05/25/2033

Collateralized Mortgage Obligation 121,671 units

124,588



Fannie Mae Pool #888890 6.5% Due 10/01/2037

Government Mortgage Backed Security 111,030 units

124,559



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

Corporate Bond 100,000 units

124,479



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

Commercial Mortgage Backed Security 110,000 units

124,113



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

Government Mortgage Backed Security 1,177,584 units

123,759



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

Commercial Mortgage Backed Security 115,000 units

123,291



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

Government Mortgage Backed Security 940,286 units

123,229



Federal Home Loan Mortgage Corporation Pool #E90573 6% Due 07/01/2017

Government Mortgage Backed Security 113,021 units

122,942



Mercedes-Benz Auto Receivables Trust 2011-1CI .85% Due 03/15/2015

Asset Backed Security 122,636 units

122,925



Mondelez International Inc. 5.375% Due 02/10/2020

Corporate Bond 101,000 units

121,933



Merrill Lynch & Company Inc. 6.15% Due 04/25/2013*

Corporate Bond 120,000 units

121,926



Comcast Corporation 5.7% Due 07/01/2019

Corporate Bond 100,000 units

121,844



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

Collateralized Mortgage Obligation 118,895 units

121,457



Amerada Hess Corporation 7.3% Due 08/15/2031

Corporate Bond 90,000 units

121,206



Fannie Mae 3.625% Due 02/12/2013

Government Agency Bond 120,000 units

120,464



Fannie Mae Pool #888366 7% Due 04/01/2037

Government Mortgage Backed Security 104,307 units

120,170



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

Collateralized Mortgage Obligation 113,424 units

119,896



Federal Home Loan Mortgage Corporation Series 2058 6.5% Due 05/15/2028

Government Mortgage Backed Security 103,390 units

118,999



Federal Home Loan Mortgage Corporation Pool #A72934 8% Due 02/01/2038

Government Mortgage Backed Security 95,478 units

118,738



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

Corporate Bond 100,000 units

118,371



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

Corporate Bond 100,000 units

117,972



Sequoia Mortgage Trust 2011-1 Pass-Through Floating Rate Due 02-25-2041

Collateralized Mortgage Obligation 115,748 units

117,597



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

Collateralized Mortgage Obligation 113,548 units

117,254



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

Corporate Bond 85,000 units

116,750



Fannie Mae Pool #256928 6% Due 10/01/2027

Government Mortgage Backed Security 106,194 units

116,196



Peco Energy Company 2.375% Due 09/15/2022

Corporate Bond 115,000 units

115,984



Ginnie Mae Pool #738679 7% Due 11/20/2038

Government Mortgage Backed Security 100,275 units

115,719



Intuit Inc. 5.75% Due 03/15/2017

Corporate Bond 100,000 units

115,354



Nordea Bank 4.875% Due 01/27/2020

Corporate Bond 100,000 units

115,235



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

Collateralized Mortgage Obligation 113,750 units

115,059



United States Treasury Bonds Inflation Index 1.75% Due 01/15/2028

Index Linked Government Bonds 80,000 units

114,344



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

Identity of Issue
 
Description of Investment
 
Current Value

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

Government Mortgage Backed Security 688,278 units

114,154



Jefferies Group 8.5% Due 07/15/2019

Corporate Bond 95,000 units

113,525



Federal Home Loan Mortgage Corporation Pool #G30290 6.5% Due 03/01/2026

Government Mortgage Backed Security 100,578 units

112,142



Dow Chemical Company 8.55% Due 05/15/2019

Corporate Bond 83,000 units

112,056



Ginnie Mae 5.25% Due 03/20/2038

Government Mortgage Backed Security 100,000 units

111,954



Norfolk Southern Corporation 0% Due 02/15/2023

Corporate Bond 111,000 units

111,732



Fannie Mae Preassign 00472 7% Due 07/25/2042

Government Mortgage Backed Security 100,247 units

111,682



Ginnie Mae Pool #534855 6.45% Due 11/15/2030

Government Mortgage Backed Security 98,785 units

111,636



Ginnie Mae 5.25% Due 04/20/2038

Government Mortgage Backed Security 94,000 units

111,471



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

Commercial Mortgage Backed Security 100,000 units

111,405



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

Municipal/Provincial Bond 100,000 units

111,194



Credit Suisse First Boston 5.125% Due 08/15/2015

Corporate Bond 100,000 units

110,981



GMAC Commercial Mortgage Securities 5.238% Due 11/10/2045

Commercial Mortgage Backed Security 100,000 units

110,243



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

Government Mortgage Backed Security 695,390 units

109,965



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

Government Mortgage Backed Security 709,203 units

109,282



CWMBS Inc. 4% Due 08/25/2033

Collateralized Mortgage Obligation 108,708 units

109,097



HSBC Finance Corporation 5% Due 06/30/2015

Corporate Bond 100,000 units

108,398



Rabobank Nederland Variable Rate Due 12/29/2049*

Corporate Bond 80,000 units

108,200



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

Corporate Bond 85,000 units

107,418



Federal Home Loan Mortgage Corporation Pool #B3-1407 5% Due 07/01/2033

Government Mortgage Backed Security 101,870 units

107,123



Citigroup, Inc. 6.125% Due 11/21/2017

Corporate Bond 90,000 units

107,114



Ginnie Mae Pool #534720 6.45% Due 09/15/2030

Government Mortgage Backed Security 94,677 units

106,994



Fannie Mae Pool 5.5% Due 11/1/2036

Government Mortgage Backed Security 98,209 units

106,829



Wyeth 5.95% Due 04/01/2037

Corporate Bond 80,000 units

106,717



HRPT Properties Trust 6.65% Due 01/15/2018

Corporate Bond 95,000 units

106,476



MetLife Global 5.125% Due 06/10/2014*

Corporate Bond 100,000 units

106,310



Massmutual Global Funding 3.125% Due 04/14/16

Corporate Bond 100,000 units

106,027



Fannie Mae Pool #AE0081 6% Due 07/01/2024

Government Mortgage Backed Security 95,748 units

105,683



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

Government Mortgage Backed Security 649,787 units

105,562



Federal Home Loan Mortgage Corporation Series 2046 6.5% Due 04/15/2028

Government Mortgage Backed Security 92,343 units

105,476



Ontario Province Canada 2.7% Due 06/16/2015

Municipal/Provincial Bond 100,000 units

105,279



Tennessee Valley Authority Global Power Bond 2009 Series C 5.25% Due 09/15/2039

Government Agency Bond 80,000 units

105,257



Commonwealth Bank of Australia 3.75% Due 10/15/2014

Corporate Bond 100,000 units

105,130



Fannie Mae Pool #256901 6.5% Due 09/01/2037

Government Mortgage Backed Security 94,860 units

105,084



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

Collateralized Mortgage Obligation 143,628 units

105,048



Ginnie Mae 2008-069 Remic Pass-Through 5.75% Due 08/20/2038

Government Mortgage Backed Security 85,291 units

105,015



Sempra Energy 9.8% Due 02/15/2019

Corporate Bond 75,000 units

105,010



National Semiconductor 6.6% Due 06/15/2017

Corporate Bond 85,000 units

104,973



Morgan Stanley 3.45% Due 02/11/2015

Corporate Bond 100,000 units

104,191



International Business 1.95% Due 07/22/2016

Corporate Bond 100,000 units

103,927



Macquarie Bank Limited 5% Due 02/22/2017

Corporate Bond 95,000 units

103,902



Total Capital 2.3% Due 03/15/2016

Corporate Bond 100,000 units

103,900



Barclays Bank 2.75% Due 02/23/2015

Corporate Bond 100,000 units

103,583



Kroger Company 3.4% Due 04/15/2022

Corporate Bond 100,000 units

103,417



Fannie Mae 2001-82 6.5% Due 01/25/2032

Government Mortgage Backed Security 90,371 units

103,340



Fannie Mae 6.5% Due 02/25/2047

Government Mortgage Backed Security 93,499 units

103,249



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

Corporate Bond 100,000 units

102,910



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

Collateralized Mortgage Obligation 122,550 units

102,617



Morgan Stanley Capital I Trust 2004-HQ3 4.8% Due 01/13/2041

Commercial Mortgage Backed Security 99,304 units

102,368



Spectra Energy Capital 5.65% Due 03/01/2020

Corporate Bond 86,000 units

102,255



Morgan Stanley 5.5% Due 07/28/2021

Corporate Bond 90,000 units

102,184



Fannie Mae Remic Trust 2004-70 5% Due 10/25/2024

Government Mortgage Backed Security 93,509 units

102,137



BB&T Corporation 3.375% Due 09/25/2013

Corporate Bond 100,000 units

102,080



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

Municipal/Provincial Bond 85,000 units

101,911



Fannie Mae Series 2002-T19 6.5% Due 07/25/2042

Government Mortgage Backed Security 86,789 units

101,819



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

Government Mortgage Backed Security 408,868 units

101,570



Freeport-McMoran 2.15% Due 03/01/2017

Corporate Bond 101,000 units

101,536



American Express Company 7% Due 03/19/2018

Corporate Bond 80,000 units

101,075



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

Identity of Issue
 
Description of Investment
 
Current Value

Apache Corporation 6% Due 01/15/2037

Corporate Bond 80,000 units

101,035



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

Government Mortgage Backed Security 80,564 units

100,070



Diageo Capital PLC 4.828% Due 07/15/2020

Corporate Bond 85,000 units

100,067



MetLife Global 2.5% Due 01/11/2013*

Corporate Bond 100,000 units

100,046



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

Corporate Bond 80,000 units

99,935



Boeing Company 6% Due 03/15/2019

Corporate Bond 80,000 units

99,647



Ginnie Mae 2010-014 0% Due 03/20/2036

Government Mortgage Backed Security 102,189 units

99,592



AIG Sunamerica Global Financing X 6.9% Due 03/15/2032

Corporate Bond 75,000 units

99,434



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

Corporate Bond 95,000 units

99,321



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

Government Mortgage Backed Security 798,489 units

99,187



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

Corporate Bond 100,000 units

98,990



Massmutual Global Funding 2.5% Due 10/17/2022

Corporate Bond 100,000 units

98,322



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

Collateralized Mortgage Obligation 99,011 units

98,060



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

Collateralized Mortgage Obligation 97,084 units

97,631



PPL Energy Supply LLC 4.6% Due 12/15/2021

Corporate Bond 90,000 units

97,578



Fannie Mae Pool #888601 5.5% Due 06/01/2020

Government Mortgage Backed Security 90,375 units

97,345



Teva 3.65% Due 11/10/2021

Corporate Bond 90,000 units

96,321



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

Corporate Bond 96,000 units

96,271



Ginnie Mae Remic Series 1997-16 Due 10/20/2027

Government Mortgage Backed Security 380,259 units

95,975



PNC FDG Corporation 6.7% Due 06/10/2019

Corporate Bond 75,000 units

95,688



Federal Home Loan Mortgage Corporation Pool #G12988 6% Due 01/01/2023

Government Mortgage Backed Security 85,784 units

94,726



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

Corporate Bond 70,000 units

94,441



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

Corporate Bond 94,000 units

94,366



Ginnie Mae Pool #738054 6.5% Due 01/20/2039

Government Mortgage Backed Security 82,884 units

94,218



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

Government Mortgage Backed Security 681,457 units

94,001



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

Corporate Bond 87,000 units

93,717



Petro-Canada 7.875% Due 06/15/2026

Corporate Bond 65,000 units

93,583



United Technologies Corporation 6.125% Due 02/01/2019

Corporate Bond 75,000 units

93,467



Tennessee Valley Authority Zero Coupon 0% Due 12/15/2017

Government Agency Bond 100,000 units

93,139



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

Government Mortgage Backed Security 96,615 units

92,547



Morgan Stanley Capital I Trust Due 02/12/2044

Commercial Mortgage Backed Security 14,677,904 units

92,441



Federal Home Loan Mortgage Corporation Pool #C9-0767 6% Due 12/01/2023

Government Mortgage Backed Security 84,286 units

92,040



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

Government Mortgage Backed Security 102,622 units

91,968



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

Index Linked Government Bonds 60,000 units

91,704



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

Corporate Bond 75,000 units

91,657



Capital One Financial Corporation 6.75% Due 09/15/2017

Corporate Bond 75,000 units

91,596



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

Government Mortgage Backed Security 65,727 units

90,553



HSBC Home Equity Loan Trust Series 2006-1 Due 01/20/2036

Asset Backed Security 91,430 units

90,219



Wells Fargo Mortgage Backed Securities 2003-F Variable Rate Due 06/25/2033*

Collateralized Mortgage Obligation 88,195 units

89,738



MidAmerican Energy 5.3% Due 03/15/2018

Corporate Bond 75,000 units

89,635



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

Government Mortgage Backed Security 94,335 units

89,575



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

Corporate Bond 80,000 units

89,189



Time Warner Cable Inc. 6.75% Due 06/15/2039

Corporate Bond 70,000 units

88,786



National Rural Utilities 10.375% Due 11/01/2018

Corporate Bond 60,000 units

88,693



PacifiCorp 5.75% Due 04/01/2037

Corporate Bond 70,000 units

88,591



Time Warner Entertainment 8.375% Due 07/15/2033

Corporate Bond 60,000 units

87,568



Anheuser-Busch 5.375% Due 11/15/2014

Corporate Bond 80,000 units

86,843



AGL Capital Corporation 3.5% Due 09/15/2021

Corporate Bond 80,000 units

86,592



Microsoft Corporation 5.3% Due 02/08/2041

Corporate Bond 69,000 units

86,443



eBay Inc. 3.25% Due 10/15/2020

Corporate Bond 80,000 units

86,286



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

Government Mortgage Backed Security 517,781 units

86,145



Intel Corporation 3.3% Due 10/01/2021

Corporate Bond 81,000 units

85,889



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

Government Mortgage Backed Security 699,930 units

85,692



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

Collateralized Mortgage Obligation 84,002 units

85,639



Exelon Generation 5.2% Due 10/01/2019

Corporate Bond 75,000 units

85,023



Ginnie Mae Pool #535143 6.45% Due 01/15/2031

Government Mortgage Backed Security 74,543 units

84,193



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

Identity of Issue
 
Description of Investment
 
Current Value

Oracle Corporation 5% Due 07/08/2019

Corporate Bond 70,000 units

84,062



HCP Inc. 2.625% Due 02/01/2020

Corporate Bond 84,000 units

83,672



Cleveland Electric Illumination Company 5.65% Due 12/15/2013

Corporate Bond 80,000 units

83,572



Ginnie Mae Pool #614616 Series 2018 5.5% Due 07/15/2018

Government Mortgage Backed Security 77,423 units

83,397



Nelnet Student Loan Trust Floating Rate Due 04/25/2024

Asset Backed Security 80,000 units

83,113



John Sevier Comb Cycle Generation LLC 4.626% Due 01/15/42

Corporate Bond 72,525 units

83,004



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

Government Mortgage Backed Security 84,654 units

82,880



Wells Fargo Mortgage Backed Securities 2004-BB Trust Due 01/25/2035*

Collateralized Mortgage Obligation 82,141 units

82,766



Nisource Financial Corporation 5.45% Due 09/15/2020

Corporate Bond 70,000 units

82,257



Fannie Mae 6% Due 04/18/2036

Government Agency Bond 70,000 units

81,808



AmeriCredit .83999997377% Due 11/10/2014

Asset Backed Security 81,650 units

81,699



Fannie Mae Interest Strip 5.01% Due 11/15/2021

Government Mortgage Backed Security 100,000 units

81,583



Macquarie Group Limited 6% Due 14/01/2020

Corporate Bond 75,000 units

81,157



Macquarie Group Limited 7.3% Due 08/01/2014

Corporate Bond 75,000 units

80,903



Ginnie Mae Pool #535166 6.45% Due 01/15/2031

Government Mortgage Backed Security 71,017 units

80,212



Ginnie Mae 2007-059 Remic Pass-Through Due 04/20/2037

Government Mortgage Backed Security 600,864 units

80,110



Nomura Holdings Inc. 5% Due 03/04/2015

Corporate Bond 75,000 units

79,520



Delta Air Lines Inc. 6.821% Due 08/10/2022

Corporate Bond 70,970 units

79,216



U S Bancorp 1.65% Due 05/15/2017

Corporate Bond 77,000 units

78,455



General Mills Inc. 3.15% Due 12/15/2021

Corporate Bond 75,000 units

78,397



Nippon Telegraph & Telephone Corporation 1.4% Due 07/18/2017

Corporate Bond 77,000 units

77,931



Fannie Mae 2003-45 5.5% Due 06/25/2033

Government Mortgage Backed Security 64,000 units

77,471



Bank of Montreal 1.4% Due 09/11/2017

Corporate Bond 77,000 units

77,293



Fannie Mae Pool #254179 6% Due 01/01/2022

Government Mortgage Backed Security 70,548 units

77,061



Cox Communications Inc. 8.375% Due 03/01/2039

Corporate Bond 50,000 units

76,732



E. I. du Pont de Nemours & Company 5.6% Due 12/15/2036

Corporate Bond 60,000 units

76,727



Fannie Mae Pool #745406 6% Due 03/01/2021

Government Mortgage Backed Security 71,102 units

76,477



Rio Tinto Financial USA 3.5% Due 11/02/2020

Corporate Bond 72,000 units

76,321



Ginnie Mae 2008-091 Remic Pass-Through 6.5% Due 11/20/2038

Government Mortgage Backed Security 475,334 units

76,258



CME Group Inc. 3% Due 09/15/2022

Corporate Bond 75,000 units

76,098



Kaupthing Bank 7.625% Due 12/31/2040

Corporate Bond 310,000 units

75,950



Trans Canada Pipelines Limited 2.5% Due 08/01/2022

Corporate Bond 75,000 units

75,152



Banc America Mortgage Securities Inc. 2004-11 5.75% Due 12/25/2024*

Collateralized Mortgage Obligation 72,216 units

75,092



Ginnie Mae 2006-023 Remic Floating Rate Due 01/20/2036

Government Mortgage Backed Security 646,063 units

74,930



France Telecom SA Step Up 03/01/2031, 02/28/2031

Corporate Bond 50,000 units

74,844



Union Pacific Corporation 4.163% Due 07/15/2022

Corporate Bond 66,000 units

74,659



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

Government Mortgage Backed Security 358,435 units

74,173



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

Government Mortgage Backed Security 478,736 units

74,072



Federal Home Loan Mortgage Corporation Gold Pool 6.5% Due 04/01/2021

Government Mortgage Backed Security 66,397 units

74,031



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

Government Mortgage Backed Security 77,121 units

73,791



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

Asset Backed Security 76,545 units

73,673



Anheuser-Busch 5.375% Due 01/15/2020

Corporate Bond 60,000 units

73,022



Procter & Gamble Company 5.8% Due 08/15/2034

Corporate Bond 55,000 units

72,828



Indymac Mortgage Backed Securities Inc. 4.75% Due 02/25/2019

Asset Backed Security 69,067 units

71,116



Halliburton Company 8.75% Due 02/15/2021

Corporate Bond 50,000 units

70,856



Boeing Capital Corporation 4.7% Due 10/27/2019

Corporate Bond 60,000 units

70,793



ASIF Global Financing XIX 4.9% Due 01/17/2013

Corporate Bond 70,000 units

70,099



Santander Drive Auto Receivables Trust 2010-A3 1.83% Due 11/17/2014

Asset Backed Security 69,556 units

70,003



Fannie Mae Preassign 00059 6.5% Due 02/25/2044

Government Mortgage Backed Security 61,178 units

69,936



Hewlett-Packard Company 4.375% Due 09/15/2021

Corporate Bond 70,000 units

69,392



Federal Home Loan Mortgage Corporation Series 3101 5.5% Due 01/15/2036

Government Mortgage Backed Security 60,000 units

69,347



PSEG Power LLC 5.125% Due 04/15/2020

Corporate Bond 60,000 units

69,148



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

Government Mortgage Backed Security 319,440 units

68,885



AOL Time Warner 7.625% Due 04/15/2031

Corporate Bond 50,000 units

68,834



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

Government Mortgage Backed Security 71,613 units

68,707



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

Government Mortgage Backed Security 598,069 units

67,997



American Municipal Power Ohio Inc. Revenue 7.499% Due 02/15/2050

Municipal/Provincial Bond 50,000 units

67,699



Viacom Inc. 4.5% Due 03/01/2021

Corporate Bond 60,000 units

67,506



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

Identity of Issue
 
Description of Investment
 
Current Value

Prime Mortgage Trust 2004-2 Pass-Through 4.75% Due 11/25/2019

Collateralized Mortgage Obligation 64,348 units

66,936



Coca-Cola Company 3.3% Due 09/01/2021

Corporate Bond 60,000 units

66,143



Southern California Edison 6.65% Due 04/01/2029

Corporate Bond 50,000 units

65,898



Federal Home Loan Mortgage Corporation Pool #M30285 5% Due 02/01/2018

Government Mortgage Backed Security 62,589 units

65,891



Countrywide Financial Corporation 6.25% Due 05/15/2015*

Corporate Bond 60,000 units

65,862



American Water Capital Corporation 6.085% Due 10/15/2017

Corporate Bond 55,000 units

65,737



Ginnie Mae Pool #534544 6.45% Due 08/15/2030

Government Mortgage Backed Security 57,803 units

65,322



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

Commercial Mortgage Backed Security 60,000 units

65,236



Federal Home Loan Mortgage Corporation Pool 5.5% Due 11/1/2035

Government Mortgage Backed Security 60,058 units

65,198



Citigroup, Inc. 6.375% Due 08/12/2014

Corporate Bond 60,000 units

64,839



Los Angeles California Department Airports Taxable-Build America Bond 6.582% Due 05/15/2039

Municipal/Provincial Bond 50,000 units

64,822



News America Inc. 7.625% Due 11/30/2028

Corporate Bond 50,000 units

64,449



AT&T Inc. 6.3% Due 01/15/2038

Corporate Bond 50,000 units

64,111



Dow Chemical Company 4.25% Due 11/15/2020

Corporate Bond 57,000 units

63,368



HSBC Home Equity Loan Trust Series 2005-2 Due 01/20/2035

Asset Backed Security 64,947 units

63,175



Fannie Mae Remic Trust 2006-20 Variable Rate Due 04/25/2036

Government Mortgage Backed Security 440,579 units

62,992



Federal Home Loan Mortgage Corporation Pool #G02809 3.5% Due 05/01/2036

Government Mortgage Backed Security 54,732 units

62,724



Federal Home Loan Mortgage Corporation Principal Only Due 12/15/2032

Government Mortgage Backed Security 63,770 units

61,899



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

Government Mortgage Backed Security 395,412 units

61,631



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

Government Mortgage Backed Security 401,593 units

61,548



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

Government Mortgage Backed Security 64,800 units

61,534



PPG Industries Inc. 7.4% Due 09/30/2012

Corporate Bond 50,000 units

61,506



Duke Energy Corporation 6% Due 12/01/2028

Corporate Bond 50,000 units

61,259



Vodafone Group PLC 5% Due 09/15/2015

Corporate Bond 55,000 units

61,015



CSX Corporation 6.25% Due 03/15/2018

Corporate Bond 50,000 units

60,952



Ginnie Mae 6% Due 06/20/2032

Government Mortgage Backed Security 56,539 units

60,928



Oracle Corporation 5.75% Due 04/15/2018

Corporate Bond 50,000 units

60,850



Wal-Mart Stores Inc. 5.25% Due 09/01/2035

Corporate Bond 50,000 units

60,740



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

Commercial Mortgage Backed Security 55,000 units

60,419



General Electric Capital Corporation 5.875% Due 01/14/2038

Corporate Bond 50,000 units

60,313



Canadian Natural Resources Limited 5.9% Due 02/01/2018

Corporate Bond 50,000 units

60,212



StatoilHydro ASA 2.45% Due 01/17/2023

Corporate Bond 60,000 units

59,859



Fannie Mae Preassign 00506 6% Due 04/25/2017

Government Mortgage Backed Security 55,846 units

59,810



FPL Group Capital Inc. 7.875% Due 12/15/2015

Corporate Bond 50,000 units

59,659



BP Capital Markets PLC 2.5% Due 11/06/2022

Corporate Bond 60,000 units

59,450



Fannie Mae Remic Trust 2010-35 Variable Rate Due 04/25/2040

Government Mortgage Backed Security 436,989 units

59,275



Goldman Sachs Group Inc. 6.15% Due 04/01/2018

Corporate Bond 50,000 units

58,738



Federal Home Loan Mortgage Corporation Series 10 Due 07/15/2019

Government Mortgage Backed Security 53,697 units

58,675



Praxair Inc. 5.2% Due 03/15/2017

Corporate Bond 50,000 units

58,467



Alberta Energy Limited 7.375% Due 11/01/2031

Corporate Bond 45,000 units

58,431



Federal Home Loan Mortgage Corporation Series 3213 6% Due 09/15/2036

Government Mortgage Backed Security 50,000 units

58,061



Hewlett-Packard Company 6.125% Due 03/1/2014

Corporate Bond 55,000 units

57,817



Fannie Mae Remic Trust 2001-4 7% Due 03/25/2021

Government Mortgage Backed Security 52,859 units

57,714



Bank of New York Inc. 4.6% Due 01/15/2020

Corporate Bond 50,000 units

57,163



Cisco Systems Inc. 5.5% Due 02/22/2016

Corporate Bond 50,000 units

57,153



Waste Management Inc. of Delaware 4.75% Due 06/20/2020

Corporate Bond 50,000 units

57,107



Chase FDG Mortgage Loan 4.499% Due 08/25/2030*

Asset Backed Security 56,162 units

57,047



Centerpoint Energy 5.85% Due 01/15/2041

Corporate Bond 45,000 units

56,955



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

Government Mortgage Backed Security 227,188 units

56,879



CenterPoint Energy Resources Corporation 4.5% Due 01/15/2021

Corporate Bond 50,000 units

56,863



Federal Home Loan Mortgage Corporation Preassign 00603 5% Due 02/15/2020

Government Mortgage Backed Security 584,880 units

56,766



Arrow Electronics Inc. 6% Due 04/1/2020

Corporate Bond 50,000 units

56,581



Lockheed Martin 4.25% Due 11/15/2019

Corporate Bond 50,000 units

56,379



Xerox Corporation 5.625% Due 12/15/2019

Corporate Bond 50,000 units

55,863



WEA Finance LLC 6.75% Due 09/02/2019

Corporate Bond 45,000 units

55,747



DirecTV Holdings 6% Due 08/15/2040

Corporate Bond 50,000 units

55,479



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

Identity of Issue
 
Description of Investment
 
Current Value

Viacom Inc. 7.875% Due 07/30/2030

Corporate Bond 40,000 units

55,230



Caterpillar Financial Services Corporation 2.85% Due 06/01/2022

Corporate Bond 54,000 units

55,229



Great Plains Energy Inc. 4.85% Due 06/01/2021

Corporate Bond 50,000 units

55,087



Norfolk Southern Corporation 6% Due 05/23/2111

Corporate Bond 45,000 units

54,639



Capital One Financial Corporation 7.375% Due 05/23/2014

Corporate Bond 50,000 units

54,391



Federal Home Loan Mortgage Corporation Pool #G13390 6% Due 01/01/2024

Government Mortgage Backed Security 48,300 units

54,014



National Semiconductor 3.95% Due 04/15/2015

Corporate Bond 50,000 units

53,851



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

Government Mortgage Backed Security 56,430 units

53,808



Potash Corporation of Saskatchewan, Inc. 3.75% Due 09/30/2015

Corporate Bond 50,000 units

53,778



Xcel Energy, Inc. 6.5% Due 07/01/2036

Corporate Bond 40,000 units

53,699



Freddie Mac Series 2643 Floating Rate Due 03/15/2032

Government Mortgage Backed Security 22,691 units

53,450



Fifth Third Bancorp 3.625% Due 01/25/2016

Corporate Bond 50,000 units

53,421



Federal Home Loan Mortgage Corporation Series 3747 4.5% Due 07/15/2037

Government Mortgage Backed Security 652,113 units

53,325



The Mosaic Company 3.75% Due 11/15/2021

Corporate Bond 50,000 units

53,116



UnitedHealth Group Inc. 6.625% Due 11/15/2037

Corporate Bond 40,000 units

52,901



Duke Capital Corporation 8% Due 10/01/2019

Corporate Bond 40,000 units

52,827



Bank of New York Inc. 2.95% Due 06/18/2015

Corporate Bond 50,000 units

52,736



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

Government Mortgage Backed Security 49,374 units

52,610



New York Life Global 3% Due 05/04/2015

Corporate Bond 50,000 units

52,539



Hewlett-Packard Company 4.75% Due 06/02/2014

Corporate Bond 50,000 units

52,120



Royal Bank of Canada 2.3% Due 07/20/2016

Corporate Bond 50,000 units

52,107



PNC FDG Corporation 5.625% Due 02/01/2017

Corporate Bond 45,000 units

51,956



Apache Corporation 6% Due 09/15/2013

Corporate Bond 50,000 units

51,900



Morgan Stanley 4.75% Due 04/1/2014

Corporate Bond 50,000 units

51,774



New York Life Global 5.375% Due 09/15/2013

Corporate Bond 50,000 units

51,644



Ginnie Mae 2003-018 Floating Rate Due 09/20/2032

Government Mortgage Backed Security 44,884 units

51,532



HSBC Finance Corporation 4.75% Due 07/15/2013

Corporate Bond 50,000 units

51,044



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

Government Mortgage Backed Security 44,430 units

50,920



Bunge Limited Finance Corporation 5.875% Due 05/15/2013

Corporate Bond 50,000 units

50,887



Deutsche Bank 4.875% Due 05/20/2013

Corporate Bond 50,000 units

50,868



Federal Home Loan Mortgage Corporation Series 3593 Floating Rate Due 11/15/2024

Government Mortgage Backed Security 409,493 units

50,860



ERP Operating Limited Partnership 4.625% Due 12/15/2021

Corporate Bond 45,000 units

50,689



Fannie Mae Remic Series 2007-35 5% Due 09/25/2033

Government Mortgage Backed Security 50,059 units

50,634



New York Life Global Funding 0.75% Due 07/24/2015

Corporate Bond 50,000 units

49,936



Consumers Energy 5.65% Due 04/15/2020

Corporate Bond 40,000 units

49,403



Nevada Power Company 5.45% Due 05/15/2041

Corporate Bond 40,000 units

48,973



Federal Home Loan Mortgage Corporation Series 2611 Floating Rate Due 05/15/2033

Government Mortgage Backed Security 41,609 units

48,967



Goldman Sachs 3.7% Due 08/01/2015

Corporate Bond 46,000 units

48,548



Connecticut Light & Power Company 5.65% Due 05/01/2018

Corporate Bond 40,000 units

48,432



StatoilHydro ASA 5.25% Due 04/15/2019

Corporate Bond 40,000 units

47,963



Deutsche Bank Financial 5.375% Due 03/02/2015

Corporate Bond 45,000 units

47,658



Fannie Mae Remic 390 6% Due 07/25/2023

Government Mortgage Backed Security 506,260 units

47,302



Fannie Mae Preassign 00033 5% Due 03/25/2032

Government Mortgage Backed Security 45,760 units

46,820



Federal Home Loan Mortgage Corporation Series 2650 Principal Only Due 12/15/2032

Government Mortgage Backed Security 48,039 units

46,541



Commonwealth Bank of Australia 5.0% Due 10/15/2019

Corporate Bond 40,000 units

46,484



Alabama Power Company 6.125% Due 05/15/2038

Corporate Bond 35,000 units

46,284



Telecom Italia Capital 6.999% Due 06/04/2018

Corporate Bond 40,000 units

45,720



Fannie Mae Preassign 00869 Variable Rate Due 12/25/2032

Government Mortgage Backed Security 35,002 units

45,496



Talisman Energy, Inc. 7.75% Due 06/01/2019

Corporate Bond 35,000 units

45,111



Macys Retail Holdings 7.45% Due 07/15/2017

Corporate Bond 35,000 units

43,149



US Bancorp 4.125% Due 05/24/2021

Corporate Bond 38,000 units

43,091



BP Capital Markets PLC 3.875% Due 03/10/2015

Corporate Bond 40,000 units

42,614



Fannie Mae Pool #745948 6.5% Due 10/01/2036

Government Mortgage Backed Security 37,955 units

42,580



BHP Billiton Finance (USA) Limited 5.5% Due 04/01/2014

Corporate Bond 40,000 units

42,488



Pitney Bowes Inc. 5.875% Due 08/15/2014

Corporate Bond 40,000 units

42,286



Nationwide Mutual Insurance Company 9.375% Due 08/15/2039

Corporate Bond 30,000 units

42,212



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

Identity of Issue
 
Description of Investment
 
Current Value

Rabobank Nederland 3.875% Due 02/08/2022*

Corporate Bond 39,000 units

41,969



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

Government Mortgage Backed Security 35,000 units

41,294



H.J. Heinz Company 2.85% Due 03/01/2022

Corporate Bond 40,000 units

40,740



Ryder Systems Inc. 2.5% Due 03/01/2017

Corporate Bond 40,000 units

40,675



Wells Fargo & Company 5.5% Due 05/01/2013*

Corporate Bond 40,000 units

40,665



Allstate Life 5.375% Due 04/30/2013

Corporate Bond 40,000 units

40,662



PNC FDG Corporation 5.25% Due 11/15/2015

Corporate Bond 36,000 units

40,225


 
Time Warner Cable Inc. 8.25% Due 04/01/2019
 
Corporate Bond 30,000 units
 
39,922

 
 
Alabama Power Company 3.85% Due 12/01/2042
 
Corporate Bond 40,000 units
 
39,411

 
 
Appalachian Power Company 6.7% Due 08/15/2038
 
Corporate Bond 30,000 units
 
39,362

 
 
Fannie Mae Pool 5.5% Due 02/1/2036
 
Government Mortgage Backed Security 36,077 units
 
39,243

 
 
Federal Home Loan Mortgage Corporation Series 3171 Principal Only Due 06/15/2036
 
Government Mortgage Backed Security 41,438 units
 
38,971

 
 
Bunge Limited Finance Corporation 8.5% Due 06/15/2019
 
Corporate Bond 30,000 units
 
38,601

 
 
Republic Services Inc. 3.55% Due 06/01/2022
 
Corporate Bond 37,000 units
 
38,577

 
 
Johnson Controls Inc. 4.25% Due 03/01/2021
 
Corporate Bond 35,000 units
 
38,315

 
 
Delta Air Lines Inc. 4.95% Due 05/23/2019
 
Corporate Bond 34,773 units
 
37,903

 
 
Gap, Inc. 5.95% Due 04/12/2021
 
Corporate Bond 33,000 units
 
37,753

 
 
Ginnie Mae 2009-010 Remic Pass-Through Floating Rate Due 03/16/2034
 
Government Mortgage Backed Security 335,661 units
 
37,727

 
 
Fannie Mae Pool #550387 6.45% Due 08/01/2030
 
Government Mortgage Backed Security 32,857 units
 
37,656

 
 
Baxter International Inc. 2.4% Due 08/15/2022
 
Corporate Bond 38,000 units
 
37,593

 
 
Crh America, Inc. 6% Due 09/30/2016
 
Corporate Bond 33,000 units
 
37,080

 
 
Goldman Sachs 3.625% Due 02/07/2016
 
Corporate Bond 35,000 units
 
37,048

 
 
Public Service Electric & Gas 2.7% Due 05/01/2015
 
Corporate Bond 35,000 units
 
36,530

 
 
Crown Castle Towers LLC 3.214% Due 08/15/2015
 
Corporate Bond 35,000 units
 
36,492

 
 
Jefferies Group 6.25% Due 01/15/2036
 
Corporate Bond 35,000 units
 
36,225

 
 
Pacific Gas & Electric Company 5.625% Due 11/30/2017
 
Corporate Bond 30,000 units
 
36,220

 
 
Boeing Company 4.875% Due 11/15/2020
 
Corporate Bond 30,000 units
 
36,144

 
 
Fannie Mae Pool 5.5% Due 06/1/2036
 
Government Mortgage Backed Security 32,724 units
 
35,964

 
 
Fannie Mae Remic Trust 1993-G17 Variable Rate Due 04/25/2023
 
Government Mortgage Backed Security 140,880 units
 
35,895

 
 
Ecolab, Inc. 5.5% Due 12/08/2041
 
Corporate Bond 30,000 units
 
35,791

 
 
Progress Energy 4.4% Due 01/15/2021
 
Corporate Bond 32,000 units
 
35,670

 
 
Federal Home Loan Mortgage Corporation Pool 5.697% Due 04/1/2037
 
Government Mortgage Backed Security 33,076 units
 
35,612

 
 
Weatherford International 9.875% Due 03/01/2039
 
Corporate Bond 25,000 units
 
35,035

 
 
Pacific Life Insurance Company 9.25% Due 06/15/2039
 
Corporate Bond 25,000 units
 
34,960

 
 
CME Group Inc. 5.75% Due 02/01/2014
 
Corporate Bond 33,000 units
 
34,850

 
 
Oracle Corporation 6.5% Due 04/15/2038
 
Corporate Bond 25,000 units
 
34,763

 
 
Aetna Inc. 6.75% Due 12/15/2037
 
Corporate Bond 25,000 units
 
34,681

 
 
California St 7.3% 10/01/2039 BEO Taxable
 
Municipal/Provincial Bond 25,000 units
 
34,643

 
 
Kansas City Power & Light Company 5.3% Due 10/01/2041
 
Corporate Bond 30,000 units
 
34,518

 
 
EOG Resources Inc. 2.625% Due 03/15/2023
 
Corporate Bond 34,000 units
 
34,239

 
 
Dominion Resources Inc. 8.875% Due 01/15/2019
 
Corporate Bond 25,000 units
 
34,217

 
 
Southwestern Public Service Company 8.75% Due 12/01/2018
 
Corporate Bond 25,000 units
 
33,920

 
 
Kellogg Company 3.25% Due 05/21/2018
 
Corporate Bond 31,000 units
 
33,768

 
 
Rabobank Nederland 4.5% Due 01/11/2021*
 
Corporate Bond 30,000 units
 
33,719

 
 
Bank of New York Inc. 4.15% Due 02/01/2021
 
Corporate Bond 30,000 units
 
33,679

 
 
Detroit Edison Company 3.9% Due 06/01/2021
 
Corporate Bond 30,000 units
 
33,539

 
 
Target Corporation 6.35% Due 11/01/2032
 
Corporate Bond 25,000 units
 
33,178

 
 
Fannie Mae Floating Rate 2007-88 Due 09/25/2037
 
Government Mortgage Backed Security 179,601 units
 
33,148

 
 
Fannie Mae Remic Trust 2009-15 Variable Rate Due 03/25/2024
 
Government Mortgage Backed Security 283,616 units
 
32,975

 
 
Bank of New York Inc. 3.55% Due 09/23/2021
 
Corporate Bond 30,000 units
 
32,687

 
 
Aflac Inc. 8.5% Due 05/15/2019
 
Corporate Bond 24,000 units
 
32,686

 
 
BP Capital Markets PLC 3.245% Due 05/06/2022
 
Corporate Bond 31,000 units
 
32,659

 
 
Ginnie Mae 2003-112 Floating Rate Due 10/20/2032
 
Government Mortgage Backed Security 384,552 units
 
32,522

 
 
Kraft Foods Group Inc. 6.875% Due 01/26/2039
 
Corporate Bond 24,000 units
 
32,313

 
 
Kroger Company 6.9% Due 04/15/2038
 
Corporate Bond 25,000 units
 
32,227

 
 
CVS Caremark Corporation 6.125% Due 09/15/2039
 
Corporate Bond 25,000 units
 
31,994

 
 
Elm Road Generating Station LLC 6.09% Due 02/11/2040
 
Corporate Bond 25,000 units
 
31,724

 
 
Public Service Electric & Gas 5.375% Due 11/01/2039
 
Corporate Bond 25,000 units
 
31,370

 

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

Identity of Issue
 
Description of Investment
 
Current Value
 
US Bancorp 2.45% Due 07/27/2015
 
Corporate Bond 30,000 units
 
31,356

 
 
CSX Corporation 7.9% Due 05/01/2017
 
Corporate Bond 25,000 units
 
31,267

 
 
Northern States Power Company 5.35% Due 11/01/2039
 
Corporate Bond 25,000 units
 
31,266

 
 
PPG Industries Inc. 6.65% Due 03/15/2018
 
Corporate Bond 25,000 units
 
31,040

 
 
Devon Energy Corporation 6.3% Due 01/15/2019
 
Corporate Bond 25,000 units
 
31,023

 
 
Burlington Northern and Santa Fe Railway Company 5.75% Due 05/01/2040
 
Corporate Bond 25,000 units
 
30,821

 
 
WEA Finance LLC 7.125% Due 04/15/2018
 
Corporate Bond 25,000 units
 
30,805

 
 
Verizon Communications Inc. 6.1% Due 04/15/2018
 
Corporate Bond 25,000 units
 
30,740

 
 
Sempra Energy 6.15% Due 06/15/2018
 
Corporate Bond 25,000 units
 
30,671

 
 
Berkshire Hathaway Inc. 5.75% Due 01/15/2040
 
Corporate Bond 25,000 units
 
30,605

 
 
Southern California Edison 5.5% Due 08/15/2018
 
Corporate Bond 25,000 units
 
30,569

 
 
Public Service Company of Colorado 3.2% Due 11/15/2020
 
Corporate Bond 28,000 units
 
30,549

 
 
PACCAR Financial Corporation 1.55% Due 09/29/2014
 
Corporate Bond 30,000 units
 
30,492

 
 
E. I. du Pont de Nemours & Company 5.75% Due 03/15/2019
 
Corporate Bond 25,000 units
 
30,447

 
 
United Parcel Service Inc. 8.375% 04/01/2030
 
Corporate Bond 20,000 units
 
30,142

 
 
Union Carbide Corporation 7.75% Due 10/01/2096
 
Corporate Bond 25,000 units
 
29,900

 
 
Centel Capital Corporation 9.00% Due 10/15/2019
 
Corporate Bond 25,000 units
 
29,745

 
 
PepsiCo Inc. 7.9% Due 11/01/2018
 
Corporate Bond 22,000 units
 
29,688

 
 
CNA Financial Corporation 5.875% Due 08/15/2020
 
Corporate Bond 25,000 units
 
29,495

 
 
AGL Capital Corporation 6.375% Due 07/15/2016
 
Corporate Bond 25,000 units
 
29,428

 
 
BHP Billiton Finance (USA) Limited 5.4% Due 03/29/2017
 
Corporate Bond 25,000 units
 
29,308

 
 
Fannie Mae Preassign 00464 Due 01/25/2036
 
Government Mortgage Backed Security 30,872 units
 
29,209

 
 
Xerox Corporation 6.75% Due 02/01/2017
 
Corporate Bond 25,000 units
 
29,077

 
 
Consumers Energy 2.85% Due 05/15/2022
 
Corporate Bond 28,000 units
 
28,941

 
 
CNA Financial Corporation 6.5% Due 08/15/2016
 
Corporate Bond 25,000 units
 
28,843

 
 
First Horizon Pass-Through Series 2003-7 4.5% Due 09/25/2018
 
Collateralized Mortgage Obligation 27,971 units
 
28,797

 
 
AGL Capital Corporation 5.875% Due 03/15/2041
 
Corporate Bond 22,000 units
 
28,739

 
 
Federal Home Loan Mortgage Corporation Series 3306 Floating Rate Due 04/15/2037
 
Government Mortgage Backed Security 28,156 units
 
28,716

 
 
Federal Home Loan Mortgage Corporation Pool #M30277 5% Due 11/01/2017
 
Government Mortgage Backed Security 27,175 units
 
28,608

 
 
National Oilwell Varco, Inc. 1.35% Due 12/01/2017
 
Corporate Bond 28,000 units
 
28,178

 
 
Northwest Airlines Pass-Through Trust 1999-2 Mortgage .575% Due 03/01/2019
 
Asset Backed Security 25,820 units
 
28,014

 
 
Kroger Company 2.2% Due 01/15/2017
 
Corporate Bond 27,000 units
 
27,902

 
 
Macquarie Group Limited 6.25% Due 01/14/2021
 
Corporate Bond 25,000 units
 
27,711

 
 
Wisconsin Power & Light Company 6.375% Due 08/15/2037
 
Corporate Bond 20,000 units
 
27,692

 
 
Dow Chemical Company 4.125% Due 11/15/2021
 
Corporate Bond 25,000 units
 
27,388

 
 
Glitnir Banki HF Medium Term In Default 6.375% Due 09/25/2012
 
Corporate Bond 100,000 units
 
27,250

 
 
Philips Electronics 3.75 Due 03/15/2022
 
Corporate Bond 25,000 units
 
27,025

 
 
National City Corporation 4.9% Due 01/15/2016
 
Corporate Bond 25,000 units
 
26,957

 
 
Nordstrom, Inc. 4% Due 10/15/2021
 
Corporate Bond 24,000 units
 
26,759

 
 
Rio Tinto Financial USA 3.75% Due 09/20/2021
 
Corporate Bond 25,000 units
 
26,732

 
 
Philips Electronics 7.2% Due 06/01/2026
 
Corporate Bond 20,000 units
 
26,602

 
 
Goldman Sachs 5.25% Due 07/27/2021
 
Corporate Bond 23,000 units
 
26,219

 
 
New York Life Global Funding 2.45% Due 07/14/2016
 
Corporate Bond 25,000 units
 
26,196

 
 
Nomura Holdings Inc. 4.125% Due 01/19/2016
 
Corporate Bond 25,000 units
 
26,094

 
 
American Water Capital Corporation 6.593% Due 10/15/2037
 
Corporate Bond 20,000 units
 
25,948

 
 
Arrow Electronics Inc. 3.375% Due 11/01/2015
 
Corporate Bond 25,000 units
 
25,939

 
 
Electric Data Systems Inc. Step Coupon 6% Due 08/01/2013
 
Corporate Bond 25,000 units
 
25,630

 
 
Jackson National Life 5.375% Due 05/08/2013
 
Corporate Bond 25,000 units
 
25,430

 
 
Cisco Systems Inc. 5.5% Due 01/15/2040
 
Corporate Bond 20,000 units
 
25,419

 
 
Viacom Inc. 3.875% due 12/15/2021
 
Corporate Bond 23,000 units
 
25,067

 
 
Continental Airlines Pass-Through Trust 2007-1A 5.983% Due 04/19/2022
 
Corporate Bond 22,365 units
 
24,908

 
 
Citigroup, Inc. 4.5% Due 01/14/2022
 
Corporate Bond 22,000 units
 
24,545

 
 
Federal Home Loan Mortgage Corporation Floating Rate Due 04/15/2037
 
Government Mortgage Backed Security 24,351 units
 
24,322

 
 
General Mills Inc. 5.65% Due 02/15/2019
 
Corporate Bond 20,000 units
 
24,316

 
 
ERAC USA Finance LLC 2.25% Due 01/10/2014
 
Corporate Bond 24,000 units
 
24,245

 
 
Citigroup, Inc. 5.875% Due 05/29/2037
 
Corporate Bond 20,000 units
 
24,068

 
 
Placer Dome Inc. 6.45% Due 10/15/2035
 
Corporate Bond 20,000 units
 
23,842

 
 
FPL Group Capital Inc. 6% Due 03/01/2019
 
Corporate Bond 20,000 units
 
23,603

 

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

Identity of Issue
 
Description of Investment
 
Current Value
 
Northrop Grumman 5.05% Due 08/01/2019
 
Corporate Bond 20,000 units
 
23,345

 
 
United States Treasury Bonds Inflation Index 3.875% Due 04/15/2029
 
Index Linked Government Bonds 10,000 units
 
23,323

 
 
Cisco Systems Inc. 4.45% Due 01/15/2020
 
Corporate Bond 20,000 units
 
23,191

 
 
Ginnie Mae 2010-014 Remic Pass-Through Principal Only Due 06/16/2033
 
Government Mortgage Backed Security 22,856 units
 
22,544

 
 
Norfolk Southern Corporation 5.59% Due 05/17/2025
 
Corporate Bond 18,000 units
 
22,105

 
 
CNA Financial Corporation 5.85% Due 12/15/2014
 
Corporate Bond 20,000 units
 
21,714

 
 
Fannie Mae Remic Trust 1997-30 8% Due 05/18/2027
 
Government Mortgage Backed Security 110,368 units
 
21,689

 
 
Fannie Mae Remic Trust 2010-43 4.5% Due 02/25/2025
 
Government Mortgage Backed Security 317,019 units
 
21,662

 
 
Jefferies Group 5.5% Due 03/15/2016
 
Corporate Bond 20,000 units
 
21,300

 
 
State Street Corporation 4.3% Due 05/30/2014
 
Corporate Bond 20,000 units
 
21,079

 
 
Southern Calafornia Edison 4.05% Due 03/15/2042
 
Corporate Bond 20,000 units
 
20,790

 
 
Lincoln National Corporation 4.2% Due 03/15/2022
 
Corporate Bond 19,000 units
 
20,384

 
 
Charles Schwab Corporation 3.225% Due 09/01/2022
 
Corporate Bond 20,000 units
 
20,297

 
 
Morgan Stanley 5.3% Due 03/01/2013
 
Corporate Bond 20,000 units
 
20,109

 
 
American Airlines Pass Through Trust 5.25% Due 07/31/2022
 
Corporate Bond 18,945 units
 
19,916

 
 
Nabors Industries Inc. 9.25% Due 01/15/2019
 
Corporate Bond 15,000 units
 
19,831

 
 
Ryder Systems Inc. 3.6% Due 03/16/2016
 
Corporate Bond 18,000 units
 
18,897

 
 
Waste Management Inc. 2.9% Due 09/15/2022
 
Corporate Bond 19,000 units
 
18,800

 
 
Medco Health 7.125% Due 03/15/2018
 
Corporate Bond 15,000 units
 
18,697

 
 
Nucor Corporation 5.85% Due 06/01/2018
 
Corporate Bond 15,000 units
 
18,278

 
 
Waste Management Inc. 4.6% Due 03/01/2021
 
Corporate Bond 16,000 units
 
18,130

 
 
PepsiCo Inc. 1.25% Due 08/13/2017
 
Corporate Bond 18,000 units
 
18,068

 
 
Nisource Financial Corporation 6.25% Due 12/15/2040
 
Corporate Bond 15,000 units
 
17,950

 
 
Berkshire Hathaway Inc. 2.45% Due 12/15/2015
 
Corporate Bond 17,000 units
 
17,872

 
 
U S Bancorp 3% Due 03/15/2022
 
Corporate Bond 17,000 units
 
17,680

 
 
Bank of America Corporation 5.00% Due 05/13/2021*
 
Corporate Bond 15,000 units
 
17,125

 
 
Federal Home Loan Mortgage Corporation Pool #M30262 5% Due 03/1/2017
 
Government Mortgage Backed Security 16,215 units
 
17,070

 
 
Consolidated Edison Company 4.2% Due 03/15/2042
 
Corporate Bond 16,000 units
 
17,052

 
 
ACE INA Holdings Inc. 5.6% Due 05/15/2015
 
Corporate Bond 15,000 units
 
16,650

 
 
American Airlines 2011-2 8.625% Due 04/15/2023
 
Corporate Bond 15,982 units
 
16,582

 
 
Carolina Power & Light 2.8% Due 05/15/2022
 
Corporate Bond 16,000 units
 
16,431

 
 
PACCAR Financial Corporation 1.6% Due 03/15/2017
 
Corporate Bond 16,000 units
 
16,251

 
 
Fannie Mae 5% Due 03/25/2023
 
Government Mortgage Backed Security 195,693 units
 
16,014

 
 
SABMiller PLC 5.7% Due 01/15/2014
 
Corporate Bond 15,000 units
 
15,773

 
 
Burlington Northern and Santa Fe Railway Company 3.05% Due 09/01/2022
 
Corporate Bond 15,000 units
 
15,502

 
 
Duke Energy Corporation 6% Due 01/15/2038
 
Corporate Bond 12,000 units
 
15,361

 
 
Vodafone Group PLC 2.5% Due 09/26/2022
 
Corporate Bond 15,000 units
 
14,941

 
 
Public Service Company of Oklahoma 4.4% Due 02/01/2021
 
Corporate Bond 13,000 units
 
14,750

 
 
San Diego Gas & Electric 3.95% Due 11/15/2041
 
Corporate Bond 14,000 units
 
14,431

 
 
Shell International Finance 6.375% Due 12/15/2038
 
Corporate Bond 10,000 units
 
14,050

 
 
Fannie Mae Remic Series 2008-80 5.60825% Due 09/25/2038
 
Government Mortgage Backed Security 112,465 units
 
13,937

 
 
Amerada Hess Corporation 7.875% Due 10/01/2029
 
Corporate Bond 10,000 units
 
13,904

 
 
Wal-Mart Stores Inc. 6.2% Due 04/15/2038
 
Corporate Bond 10,000 units
 
13,589

 
 
CBS Corporation 8.875% Due 05/15/2019
 
Corporate Bond 10,000 units
 
13,488

 
 
Ginnie Mae 2008-071 Remic Pass-Through Floating Rate Due 08/20/2038
 
Government Mortgage Backed Security 104,935 units
 
13,481

 
 
Lincoln National Corporation 4.85% Due 06/24/2021
 
Corporate Bond 12,000 units
 
13,463

 
 
Southern Company 1.95% Due 09/01/2016
 
Corporate Bond 13,000 units
 
13,397

 
 
Nisource Financial Corporation 3.85% Due 02/15/2023
 
Corporate Bond 13,000 units
 
13,359

 
 
Fannie Mae 2009-18 5% Due 03/25/2024
 
Government Mortgage Backed Security 156,770 units
 
13,288

 
 
Westinghouse Electric Corporation 7.875% Due 09/01/23
 
Corporate Bond 10,000 units
 
13,288

 
 
Florida Power & Light Company 5.95% Due 10/01/2033
 
Corporate Bond 10,000 units
 
13,025

 
 
Bank of America Auto Trust 1.31% Due 07/15/2014*
 
Asset Backed Security 12,986 units
 
12,996

 
 
News America Inc. 6.65% Due 11/15/2037
 
Corporate Bond 10,000 units
 
12,922

 
 
Public Service Company of Colorado 2.25% Due 09/15/2022
 
Corporate Bond 13,000 units
 
12,903

 
 
Ginnie Mae 2001-53 Remic Trust Due 10/20/2031
 
Government Mortgage Backed Security 139,040 units
 
12,868

 
 
HCP Inc. 3.75% Due 02/01/2019
 
Corporate Bond 12,000 units
 
12,664

 
 
Kroger Company 5.4% Due 07/15/2040
 
Corporate Bond 11,000 units
 
12,193

 
 
Kroger Company 6.15% Due 01/15/2020
 
Corporate Bond 10,000 units
 
12,185

 

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

Identity of Issue
 
Description of Investment
 
Current Value
 
Fannie Mae Preassign 00470 7% Due 06/25/2033
 
Government Mortgage Backed Security 64,692 units
 
11,604

 
 
Aon Corporation 3.5% Due 09/30/2015
 
Corporate Bond 11,000 units
 
11,585

 
 
Capital One Financial Corporation 1% Due 11/06/2015
 
Corporate Bond 11,000 units
 
10,963

 
 
BAE Systems Holdings Inc. 5.2% Due 08/15/2015
 
Corporate Bond 10,000 units
 
10,951

 
 
Citigroup, Inc. 6.125% Due 08/25/2036
 
Corporate Bond 10,000 units
 
10,899

 
 
Fannie Mae Remic Trust 2008-53 Variable Rate Due 07/25/2038
 
Government Mortgage Backed Security 65,038 units
 
10,841

 
 
Citigroup, Inc. 4.75% Due 05/19/2015
 
Corporate Bond 10,000 units
 
10,780

 
 
Fannie Mae Remic Trust 2006-21 5.5% Due 03/25/2029
 
Government Mortgage Backed Security 10,410 units
 
10,522

 
 
General Electric Capital Corporation 5.3% Due 02/11/2021
 
Corporate Bond 9,000 units
 
10,447

 
 
Rabobank Nederland 2.125% Due 10/13/2015*
 
Corporate Bond 10,000 units
 
10,321

 
 
AT&T Inc. 4.35% Due 06/15/2045
 
Corporate Bond 10,000 units
 
10,045

 
 
Arizona Public Service Company 4.5% Due 04/01/2042
 
Corporate Bond 9,000 units
 
9,571

 
 
Federal Home Loan Mortgage Corporation Series 3219 6% Due 04/15/2036
 
Government Mortgage Backed Security 68,174 units
 
9,540

 
 
American Water Capital Corporation 4.3% Due 12/01/2042
 
Corporate Bond 9,000 units
 
9,347

 
 
PSEG Power LLC 4.15% Due 09/15/2021
 
Corporate Bond 8,000 units
 
8,766

 
 
Federal Home Loan Mortgage Corporation Series 2326 6.5% Due 06/15/2031
 
Government Mortgage Backed Security 7,494 units
 
8,613

 
 
Continental Airlines Inc. 4% Due 10/29/2024
 
Corporate Bond 8,000 units
 
8,420

 
 
Noble Holdings International 3.95% Due 03/15/2022
 
Corporate Bond 8,000 units
 
8,419

 
 
Fannie Mae Remic Series 2009-9 5% Due 02/25/2024
 
Government Mortgage Backed Security 84,234 units
 
7,835

 
 
Newell Rubbermaid 4.7% Due 08/15/2020
 
Corporate Bond 7,000 units
 
7,731

 
 
Shell International Finance 3.1% Due 06/28/2015
 
Corporate Bond 7,000 units
 
7,416

 
 
Chubb Corporation 5.75% Due 05/15/2018
 
Corporate Bond 6,000 units
 
7,374

 
 
Principal Financial Group 1.85% Due 11/15/2017
 
Corporate Bond 6,000 units
 
6,032

 
 
Principal Life Global Funding 1% Due 12/11/2015
 
Corporate Bond 6,000 units
 
5,991

 
 
Viacom Inc. 4.5% Due 02/27/2042
 
Corporate Bond 6,000 units
 
5,919

 
 
Federal Home Loan Mortgage Corporation Preassign 00482 6.5% Due 03/15/2033
 
Government Mortgage Backed Security 27,252 units
 
5,696

 
 
Bear Stearns Asset Backed Securities Trust Adjustable Rate Due 12/25/2033
 
Asset Backed Security 6,478 units
 
5,518

 
 
John Deere Owner Trust 1.28999996185% Due 01/15/2016
 
Asset Backed Security 4,488 units
 
4,511

 
 
Ginnie Mae 2003-076 Remic Pass-Through Variable Rate Due 09/20/2031
 
Government Mortgage Backed Security 70,440 units
 
2,932

 
 
Residential Asset Mortgage Products Inc. Floating Rate Due 03/25/2033
 
Asset Backed Security 2,114 units
 
1,772

 
 
Xcel Energy, Inc. 4.8% Due 09/15/2041
 
Corporate Bond 1,000 units
 
1,122

 
 
Wisconsin Power & Light Company 2.95% Due 09/15/2021
 
Corporate Bond 1,000 units
 
1,047

 
Total Fixed Income Asset Class





225,940,802









High Yield Asset Class:







Blackrock High Yield Bond Fund

Mutual Fund 8,460,113 units

68,442,312



Northern Trust Global Investments Collective Daily Short Term Investment Fund*

Collective trust fund 4,442,713 units

4,442,713


Total High Yield Asset Class





72,885,025









Inflation Protection Asset Class:







Vanguard Inflation Protected Fund

Mutual Fund 1,720,992 units

49,117,121



Northern Trust Global Investments Collective Daily Tips Index Fund- Non Lending*

Collective trust fund 19,549 units

2,747,985


Total Inflation Protection Asset Class





51,865,106









International Growth Asset Class:







GE Institutional International Equity Fund
 
Mutual Fund 10,546,098 units
 
117,588,989



Artisan International Fund*
 
Collective trust fund 2,415,977 units
 
39,646,178



Northern Trust Global Investments Collective Daily EAFE Index Fund - Non Lending*
 
Collective trust fund 57,383 units
 
12,594,892



Cash and cash equivalent
 
Cash and cash equivalent
 
11,602


 
Northern Trust Global Investments Collective Daily Short Term Investment Fund*
 
Collective trust fund 96 units
 
96

 
Total International Growth Asset Class





169,841,757









International Value Asset Class:







Dodge & Cox International Fund

Mutual Fund 5,755,697 units

199,377,358



Northern Trust Global Investments Collective Daily EAFE Index Fund - Non Lending*

Collective trust fund 32,965 units

7,235,472



Northern Trust Global Investments Collective Daily Short Term Investment Fund*

Collective trust fund 1 unit

1



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

Identity of Issue
 
Description of Investment
 
Current Value
Total International Value Asset Class





206,612,831









Large Cap Growth Asset Class:







Northern Trust Global Investments Collective Daily Russell 1000 Growth Index Fund - Non Lending*

Collective trust fund 97,350 units

18,058,984



Apple Inc.

Common and preferred stock 32,350 shares

17,243,515



Google Inc. Class A

Common and preferred stock 19,130 shares

13,570,248



Visa Inc. Class A

Common and preferred stock 72,620 shares

11,007,740



Amazon.com Inc.

Common and preferred stock 36,810 shares

9,244,463



Salesforce.com Inc.

Common and preferred stock 47,530 shares

7,989,793



Qualcomm Inc.

Common and preferred stock 126,598 shares

7,851,608



Allergan Inc.

Common and preferred stock 68,470 shares

6,280,753



priceline.com Inc.

Common and preferred stock 9,003 shares

5,592,664



Schlumberger Limited

Common and preferred stock 73,960 shares

5,124,688



Intuitive Surgical, Inc.

Common and preferred stock 9,350 shares

4,584,959



Microsoft Corporation

Common and preferred stock 164,097 shares

4,386,313



Nike Inc. Class B

Common and preferred stock 80,240 shares

4,140,384



Coach Inc.

Common and preferred stock 72,010 shares

3,997,275



Northern Trust Global Investments Collective Daily Short Term Investment Fund*

Collective trust fund 3,982,595 units

3,982,595



Alexion Pharmaceuticals Inc.

Common and preferred stock 41,750 shares

3,916,568



F5 Networks Inc.

Common and preferred stock 40,010 shares

3,886,972



Praxair Inc.

Common and preferred stock 35,480 shares

3,883,286



EMC Corporation

Common and preferred stock 148,970 shares

3,768,941



International Business Machines Corporation

Common and preferred stock 19,184 shares

3,674,695



National Oilwell Varco, Inc.

Common and preferred stock 50,770 shares

3,470,130



Starbucks Corporation

Common and preferred stock 64,504 shares

3,458,704



Accenture PLC

Common and preferred stock 51,560 shares

3,428,740



ASML Holding N. V.

Common and preferred stock 51,590 shares

3,322,912



Honeywell International Inc.

Common and preferred stock 49,140 shares

3,118,916



CBS Corporation Class B

Common and preferred stock 78,720 shares

2,995,297



Chipotle Mexican Grill Inc.

Common and preferred stock 9,877 shares

2,938,012



Philip Morris International Inc.

Common and preferred stock 33,500 shares

2,801,940



Cerner Corporation

Common and preferred stock 36,000 shares

2,795,040



Facebook Inc.

Common and preferred stock 99,000 shares

2,636,370



Walt Disney Company

Common and preferred stock 52,290 shares

2,603,519



Teradata Corporation

Common and preferred stock 40,390 shares

2,499,737



eBay Inc.

Common and preferred stock 48,860 shares

2,492,837



Citrix Systems, Inc.

Common and preferred stock 36,520 shares

2,401,190



Las Vegas Sands Corporation

Common and preferred stock 52,000 shares

2,400,320



Regeneron Pharmaceuticals, Inc.

Common and preferred stock 13,800 shares

2,360,766



Red Hat Inc.

Common and preferred stock 44,570 shares

2,360,427



Costco Wholesale Corporation

Common and preferred stock 23,700 shares

2,340,849



Cummins Inc.

Common and preferred stock 21,200 shares

2,297,021



Intuit Inc.

Common and preferred stock 37,920 shares

2,256,240



T Rowe Price Group Inc.

Common and preferred stock 33,750 shares

2,198,138



Precision Castparts Corporation

Common and preferred stock 11,380 shares

2,155,600



Ralph Lauren Corporation Class A

Common and preferred stock 14,330 shares

2,148,353



FMC Technologies Inc.

Common and preferred stock 50,000 shares

2,141,500



Home Depot Inc.

Common and preferred stock 34,120 shares

2,110,322



IntercontinentalExchange, Inc.

Common and preferred stock 17,000 shares

2,104,770



Mastercard, Inc. Class A

Common and preferred stock 4,260 shares

2,092,853



Comcast Corporation Class A

Common and preferred stock 55,960 shares

2,091,785



Nordstrom, Inc.

Common and preferred stock 37,420 shares

2,001,970



Anheuser-Busch InBev

Common and preferred stock 21,780 shares

1,903,790



Gilead Sciences Inc.

Common and preferred stock 25,910 shares

1,903,090



American Tower Corporation

Common and preferred stock 24,320 shares

1,879,206



Estee Lauder Companies Inc. Class A

Common and preferred stock 31,330 shares

1,875,414



McDonalds Corporation

Common and preferred stock 20,810 shares

1,835,650



Occidental Petroleum Corporation

Common and preferred stock 23,850 shares

1,827,149



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

Identity of Issue
 
Description of Investment
 
Current Value

Monsanto Company

Common and preferred stock 19,030 shares

1,801,190



JP Morgan Chase & Company*

Common and preferred stock 38,780 shares

1,705,157



Ametek Inc.

Common and preferred stock 44,832 shares

1,684,338



Whole Foods Market Inc.

Common and preferred stock 18,300 shares

1,671,339



Novo-Nordisk A/S

Common and preferred stock 10,170 shares

1,659,846



Anadarko Petroleum Corporation

Common and preferred stock 21,980 shares

1,633,334



Abbott Laboratories

Common and preferred stock 24,720 shares

1,619,160



Cameron International Corporation

Common and preferred stock 28,400 shares

1,603,464



Biomarin Pharmaceutical Inc.

Common and preferred stock 32,000 shares

1,576,000



Southwestern Energy

Common and preferred stock 47,000 shares

1,570,270



Johnson & Johnson

Common and preferred stock 21,460 shares

1,504,346



Kansas City Southern

Common and preferred stock 17,450 shares

1,456,726



Covidien PLC

Common and preferred stock 24,810 shares

1,432,529



Wells Fargo & Company*

Common and preferred stock 41,220 shares

1,408,900



CVS Caremark Corporation

Common and preferred stock 29,090 shares

1,406,502



Omnicom Group Inc.

Common and preferred stock 27,760 shares

1,386,890



Eaton Corporation PLC

Common and preferred stock 25,510 shares

1,382,642



VMware Inc.

Common and preferred stock 14,610 shares

1,375,385



Stryker Corporation

Common and preferred stock 24,980 shares

1,369,404



SAP AG

Common and preferred stock 17,020 shares

1,368,068



TJX Companies Inc.

Common and preferred stock 32,030 shares

1,359,674



Cognizant Technology Solutions Corporation Class A

Common and preferred stock 18,240 shares

1,350,672



Paychex Inc.

Common and preferred stock 41,020 shares

1,277,363



Trimble Navigation, Limited

Common and preferred stock 20,750 shares

1,240,435



Coca-Cola Company

Common and preferred stock 33,737 shares

1,222,966



Starwood Hotels & Resorts Worldwide Inc.

Common and preferred stock 21,140 shares

1,212,590



TIBCO Software, Inc.

Common and preferred stock 54,149 shares

1,191,819



Parker-Hannifin Corporation

Common and preferred stock 13,870 shares

1,179,782



Chevron Corporation

Common and preferred stock 10,820 shares

1,170,075



Limited Brands

Common and preferred stock 24,600 shares

1,157,676



United Technologies Corporation

Common and preferred stock 14,040 shares

1,151,420



Fortinet Inc.

Common and preferred stock 54,100 shares

1,139,887



Northern Trust Corporation*

Common and preferred stock 22,650 shares

1,136,124



Agilent Technologies Inc.

Common and preferred stock 27,750 shares

1,136,085



Amphenol Corporation Class A

Common and preferred stock 17,450 shares

1,129,015



Actavis Inc.

Common and preferred stock 13,040 shares

1,121,440



Mondelez International Inc.

Common and preferred stock 43,210 shares

1,100,559



Church & Dwight Inc.

Common and preferred stock 20,460 shares

1,096,042



Medtronic Inc.

Common and preferred stock 26,360 shares

1,081,287



Genuine Parts Company

Common and preferred stock 17,000 shares

1,080,860



Athenahealth Inc.

Common and preferred stock 14,000 shares

1,028,300



Adobe Systems Inc.

Common and preferred stock 27,170 shares

1,023,766



Michael Kors Holdings Limited

Common and preferred stock 19,780 shares

1,009,373



Catamaran Corporation

Common and preferred stock 21,030 shares

990,723



Ecolab, Inc.

Common and preferred stock 13,770 shares

990,063



Chicago Bridge & Iron Company

Common and preferred stock 20,890 shares

968,252



Diageo Capital PLC

Common and preferred stock 8,240 shares

960,619



Bed Bath & Beyond Inc.

Common and preferred stock 17,124 shares

957,403



Cardinal Health Inc.

Common and preferred stock 23,010 shares

947,552



Harley-Davidson Motor Company

Common and preferred stock 19,350 shares

945,054



United Parcel Service Inc. Class B

Common and preferred stock 12,740 shares

939,320



VF Corporation

Common and preferred stock 6,180 shares

932,995



Joy Global Inc.

Common and preferred stock 14,590 shares

930,550



Paccar Inc.

Common and preferred stock 20,540 shares

928,613



Verisk Analytics Inc. Class A

Common and preferred stock 17,890 shares

912,390



Biogen Idec Inc.

Common and preferred stock 6,160 shares

903,487



CF Industries Holdings, Inc.

Common and preferred stock 4,370 shares

887,809



Shire PLC

Common and preferred stock 9,610 shares

885,850



36
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value

Edwards Lifesciences Corporation

Common and preferred stock 9,490 shares

855,713



Dollar General Corporation

Common and preferred stock 19,210 shares

846,969



Crown Castle International Corporation

Common and preferred stock 10,870 shares

784,379



Tractor Supply Company

Common and preferred stock 8,650 shares

764,314



Halliburton Company

Common and preferred stock 21,650 shares

751,039



Illumina, Inc.

Common and preferred stock 13,470 shares

748,797



Ingersoll-Rand PLC

Common and preferred stock 15,560 shares

746,258



Avago Technologies Limited

Common and preferred stock 21,810 shares

690,505



Oracle Corporation

Common and preferred stock 19,740 shares

657,737



Stericycle, Inc.

Common and preferred stock 5,710 shares

532,572



Cooper Companies Inc.

Common and preferred stock 4,810 shares

444,829



Discovery Communications Inc.

Common and preferred stock 1,130 shares

71,732


Total Large Cap Growth Asset Class





306,623,225









Large Cap Index Asset Class:







Blackrock Equity Index Fund F*

Collective trust fund 20,759,984 units

497,201,610



Northern Trust Global Investments Collective Daily S&P 500 Equity Index Fund - Non Lending*

Collective trust fund 7,468 units

32,844,451


Total Large Cap Index Asset Class





530,046,061









Large Cap Value Asset Class:







Northern Trust Collective Russell 1000 Value Index Fund - Non Lending*

Collective trust fund 31,613 units

5,909,161



Exxon Mobil Corporation

Common and preferred stock 35,725 shares

3,091,999



JP Morgan Chase & Company*

Common and preferred stock 67,749 shares

2,978,924



Northern Trust Global Investments Collective Daily Short Term Investment Fund*

Collective trust fund 2,454,750 units

2,454,750



Chevron Corporation

Common and preferred stock 22,176 shares

2,398,113



Wells Fargo & Company*

Common and preferred stock 67,158 shares

2,295,460



Merck & Company Inc.

Common and preferred stock 55,908 shares

2,288,874



Pfizer Inc.

Common and preferred stock 85,436 shares

2,142,735



Comcast Corporation Class A

Common and preferred stock 54,321 shares

2,030,519



Citigroup, Inc.

Common and preferred stock 51,231 shares

2,026,698



General Electric Company

Common and preferred stock 94,304 shares

1,979,441



Noble Energy Inc.

Common and preferred stock 18,474 shares

1,879,545



Sanofi-Aventis

Common and preferred stock 39,166 shares

1,855,685



UnitedHealth Group Inc.

Common and preferred stock 33,323 shares

1,807,440



Hess Corporation LLC

Common and preferred stock 34,009 shares

1,801,117



State Street Corporation

Common and preferred stock 37,910 shares

1,782,149



Motorola Solutions Inc.

Common and preferred stock 31,180 shares

1,736,102



Ameriprise Financial Inc.

Common and preferred stock 27,316 shares

1,710,801



PepsiCo Inc.

Common and preferred stock 24,693 shares

1,689,742



Norfolk Southern Corporation

Common and preferred stock 27,189 shares

1,681,368



Edison International

Common and preferred stock 36,286 shares

1,639,764



PNC Financial Services Group

Common and preferred stock 28,020 shares

1,633,846



Discover Financial Services

Common and preferred stock 42,313 shares

1,631,166



Lowes Companies Inc.

Common and preferred stock 45,734 shares

1,624,472



MetLife Inc.*

Common and preferred stock 48,963 shares

1,612,841



Northrop Grumman Corporation

Common and preferred stock 23,831 shares

1,610,499



Fifth Third Bancorp

Common and preferred stock 103,831 shares

1,577,193



Oracle Corporation

Common and preferred stock 46,667 shares

1,554,944



Weyerhaeuser Company

Common and preferred stock 55,739 shares

1,550,659



AT&T Inc.

Common and preferred stock 45,859 shares

1,545,907



Procter & Gamble Company

Common and preferred stock 22,427 shares

1,522,569



Liberty Interactive Corporation

Common and preferred stock 75,469 shares

1,485,230



Schlumberger Limited

Common and preferred stock 21,416 shares

1,483,915



Honeywell International Inc.

Common and preferred stock 23,180 shares

1,471,235



Dover Corporation

Common and preferred stock 22,065 shares

1,449,891



Unilever N. V.

Common and preferred stock 37,780 shares

1,446,974



E. I. du Pont de Nemours & Company

Common and preferred stock 31,761 shares

1,428,292



Covidien PLC

Common and preferred stock 24,729 shares

1,427,852



37
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value

Eaton Corporation PLC

Common and preferred stock 26,336 shares

1,427,411



CVS Caremark Corporation

Common and preferred stock 29,368 shares

1,419,943



Texas Instruments Inc.

Common and preferred stock 45,549 shares

1,409,286



Firstenergy Corporation

Common and preferred stock 33,317 shares

1,391,318



Vodafone Group PLC

Common and preferred stock 55,149 shares

1,389,203



Unum Group

Common and preferred stock 66,511 shares

1,384,759



Travelers Companies Inc.

Common and preferred stock 19,064 shares

1,369,176



Coca-Cola Enterprises Inc.

Common and preferred stock 42,874 shares

1,360,392



Omnicom Group Inc.

Common and preferred stock 27,163 shares

1,357,063



Bristol-Myers Squibb Company

Common and preferred stock 41,392 shares

1,348,965



Viacom Inc. Class B

Common and preferred stock 25,165 shares

1,327,202



Bank of America Corporation*

Common and preferred stock 114,122 shares

1,323,815



Target Corporation

Common and preferred stock 22,362 shares

1,323,160



EOG Resources Inc.

Common and preferred stock 10,638 shares

1,284,964



Forest Laboratories Inc.

Common and preferred stock 34,773 shares

1,228,182



General Motors Company

Common and preferred stock 42,372 shares

1,221,585



Stanley Black & Decker Inc.

Common and preferred stock 16,120 shares

1,192,396



Transocean Limited

Common and preferred stock 26,287 shares

1,173,715



Cisco Systems Inc.

Common and preferred stock 58,797 shares

1,155,361



Calpine Corporation

Common and preferred stock 63,632 shares

1,153,648



Vulcan Materials Company

Common and preferred stock 22,108 shares

1,150,721



eBay Inc.

Common and preferred stock 22,525 shares

1,149,226



Centurytel Inc.

Common and preferred stock 29,293 shares

1,145,942



Baxter International Inc.

Common and preferred stock 16,842 shares

1,122,688



US Bancorp

Common and preferred stock 34,795 shares

1,111,352



Microsoft Corporation

Common and preferred stock 38,399 shares

1,026,405



HCA Holdings, Inc.

Common and preferred stock 32,941 shares

993,830



CBS Corporation Class B

Common and preferred stock 26,030 shares

990,442



Legg Mason Inc.

Common and preferred stock 37,105 shares

954,341



NRG Energy Inc.

Common and preferred stock 40,691 shares

935,486



Google Inc. Class A

Common and preferred stock 1,250 shares

886,713



Apple Inc.

Common and preferred stock 1,548 shares

825,130



SM Energy Company

Common and preferred stock 15,665 shares

817,870



Applied Materials Inc.

Common and preferred stock 68,744 shares

786,431



AOL Inc.

Common and preferred stock 25,419 shares

752,657



DIRECTV

Common and preferred stock 14,671 shares

735,897



Goodyear Tire & Rubber Company

Common and preferred stock 51,931 shares

717,167


 
Consol Energy Inc.
 
Common and preferred stock 18,455 shares
 
592,406

 
Total Large Cap Value Asset Class





116,174,120









Participant Self-Directed Accounts

Various investments



202,742,770









Real Estate Investment Trust (REIT) Asset Class:







Vanguard Specialized Portfolios REIT Index Fund Institutional Class

Mutual Fund 5,253,307 units

75,805,226



Northern Trust Global Investments Collective Daily Short Term Investment Fund*

Collective trust fund 4,862,434 units

4,862,434


Total Real Estate Investment Trust (REIT) Asset Class





80,667,660









Small-Mid Cap Growth Asset Class:







Northern Trust Global Investment Russell 2000 Growth Index Fund - Non Lending*

Collective trust fund 19,305 units

3,261,024



B/E Aerospace Inc.

Common and preferred stock 23,917 shares

1,181,497



Affiliated Managers Group Inc.

Common and preferred stock 8,747 shares

1,138,422



Signature Bank of New York

Common and preferred stock 14,338 shares

1,022,873



Old Dominion Freight Line, Inc.

Common and preferred stock 28,668 shares

982,739



Trimble Navigation, Limited

Common and preferred stock 15,993 shares

956,062



PVH Corporation

Common and preferred stock 8,492 shares

942,697



Transdigm Group Inc.

Common and preferred stock 6,874 shares

937,339



Cooper Companies Inc.

Common and preferred stock 10,069 shares

931,181



Oasis Petroleum Inc.

Common and preferred stock 28,781 shares

915,236



38
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value

Dick's Sporting Goods, Inc.

Common and preferred stock 19,392 shares

882,142



MWI Veterinary Supply, Inc.

Common and preferred stock 7,654 shares

841,940



Heartland Payment Systems, Inc.

Common and preferred stock 25,491 shares

751,985



Air Methods Corporation

Common and preferred stock 20,262 shares

747,465



IPG Photonics Corporation

Common and preferred stock 10,930 shares

728,485



Portfolio Recovery Associates Inc.

Common and preferred stock 6,786 shares

725,152



Cadence Design Systems, Inc.

Common and preferred stock 53,557 shares

723,555



Cyberonics Inc.

Common and preferred stock 13,550 shares

711,782



Ultimate Software Group Inc.

Common and preferred stock 7,368 shares

695,613



Brunswick Corporation

Common and preferred stock 23,398 shares

680,648



Polaris Industries Inc.

Common and preferred stock 8,001 shares

673,284



FEI Company

Common and preferred stock 12,109 shares

671,565



Oceaneering International, Inc.

Common and preferred stock 12,460 shares

670,223



Snyders-Lance Inc.

Common and preferred stock 27,555 shares

664,351



Commvault Systems Inc.

Common and preferred stock 9,474 shares

660,433



Gartner Inc.

Common and preferred stock 14,196 shares

653,300



ACI Worldwide Inc.

Common and preferred stock 14,580 shares

637,000



OpenTable Inc.

Common and preferred stock 12,873 shares

628,202



Extra Space Storage Inc.

Common and preferred stock 17,081 shares

621,578



Northern Trust Global Investments Collective Daily Short Term Investment Fund*

Collective trust fund 608,372 units

608,372



United Rentals, Inc.

Common and preferred stock 13,013 shares

592,352



Lincoln Electric Holdings Inc.

Common and preferred stock 12,163 shares

592,095



Marketaxess Holdings, Inc.

Common and preferred stock 16,770 shares

591,981



Tractor Supply Company

Common and preferred stock 6,677 shares

589,980



Wesco International Inc.

Common and preferred stock 8,691 shares

586,034



MICROS Systems Inc.

Common and preferred stock 13,777 shares

584,696



Ametek Inc.

Common and preferred stock 15,120 shares

568,058



Mettler-Toledo International Inc.

Common and preferred stock 2,931 shares

566,562



FMC Corporation

Common and preferred stock 9,668 shares

565,771



Airgas, Inc.

Common and preferred stock 6,189 shares

564,994



Wex Inc.

Common and preferred stock 7,418 shares

559,095



Toro Company

Common and preferred stock 12,922 shares

555,388



Pool Corporation

Common and preferred stock 12,990 shares

549,737



Cytec Industries

Common and preferred stock 7,876 shares

542,105



Koppers Holdings Inc.

Common and preferred stock 13,946 shares

532,040



Energy XXI (Bermuda), Limited

Common and preferred stock 16,019 shares

515,652



LKQ Corporation

Common and preferred stock 24,106 shares

508,637



Rosetta Resources, Inc.

Common and preferred stock 11,112 shares

504,040



Alaska Air Group Inc.

Common and preferred stock 11,666 shares

502,688



Petsmart Inc.

Common and preferred stock 7,305 shares

499,224



Team Health Holdings, Inc.

Common and preferred stock 17,266 shares

496,743



Cheesecake Factory Inc.

Common and preferred stock 15,168 shares

496,297



Ultratech, Inc.

Common and preferred stock 13,185 shares

491,801



Elizabeth Arden Inc.

Common and preferred stock 10,914 shares

491,239



Beacon Roofing Supply Inc.

Common and preferred stock 14,532 shares

483,625



Roper Industries Inc.

Common and preferred stock 4,332 shares

482,931



Perrigo Company

Common and preferred stock 4,632 shares

481,867



Haynes International, Inc.

Common and preferred stock 9,279 shares

481,302



Oil States International, Inc.

Common and preferred stock 6,257 shares

447,626



Under Armor Inc. Class A

Common and preferred stock 9,119 shares

442,545



Manhattan Associates, Inc.

Common and preferred stock 7,158 shares

431,914



Steven Madden Limited

Common and preferred stock 10,145 shares

428,829



IPC The Hospitalist Company, Inc.

Common and preferred stock 10,445 shares

414,771



Tenneco Inc.

Common and preferred stock 11,754 shares

412,683



HFF Inc.

Common and preferred stock 27,041 shares

402,911



OSI Systems, Inc.

Common and preferred stock 6,214 shares

397,945



Equifax Inc.

Common and preferred stock 7,310 shares

395,617



Netgear, Inc.

Common and preferred stock 9,639 shares

379,969



39
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value

DSW, Inc. Class A

Common and preferred stock 5,770 shares

379,031



Costar Group Inc.

Common and preferred stock 4,117 shares

367,936



Mistras Group Inc.

Common and preferred stock 14,851 shares

366,671



Core Laboratories N.V.

Common and preferred stock 3,249 shares

355,148



Verisk Analytics Inc. Class A

Common and preferred stock 6,915 shares

352,665



Genesee, Inc.

Common and preferred stock 6,273 shares

345,015



Penske Automotive Group Inc.

Common and preferred stock 11,270 shares

339,114



Buffalo Wild Wings Inc.

Common and preferred stock 4,546 shares

331,040



TIBCO Software, Inc.

Common and preferred stock 14,870 shares

327,289



Jarden Corporation

Common and preferred stock 6,136 shares

317,231



Catamaran Corporation

Common and preferred stock 6,421 shares

302,493



DFC Global Corporation

Common and preferred stock 16,018 shares

296,493



GNC Holdings Inc.

Common and preferred stock 8,859 shares

294,828



Tangoe Inc.

Common and preferred stock 22,011 shares

261,271



Zillow Inc.

Common and preferred stock 9,374 shares

260,129



Insulet Corporation

Common and preferred stock 11,992 shares

254,470



Eagle Materials Inc.

Common and preferred stock 4,136 shares

241,956



Prestige Brands Holdings Inc.

Common and preferred stock 11,071 shares

221,752


Total Small-Mid Cap Growth Asset Class





50,992,421









Small-Mid Cap Index Asset Class:
 
 
 
 
 
 
Blackrock Extended Equity Market Fund F*
 
Collective trust fund 4,786,204 units
 
157,513,979

 
 
Northern Trust Collective Extended Equity Index Fund - Non Lending*
 
Collective trust fund 45,805 units
 
7,402,903

 
Total Small-Mid Cap Index Asset Class
 
 
 
 
164,916,882

 
 
 
 
 
 
 
Small-Mid Cap Value Asset Class:







Northern Trust Global Investment Russell 2000 Value Index Fund - Non Lending*

Collective trust fund 100,542 units

16,895,408



Northern Trust Global Investments Collective Daily Short Term Investment Fund*

Collective trust fund 11,965,000 units

11,965,000


 
CNO Financial Group Inc.
 
Common and preferred stock 501,100 shares
 
4,675,263

 

Forestar Group Inc.

Common and preferred stock 260,300 shares

4,510,997



Valassis Communications Inc.

Common and preferred stock 171,000 shares

4,408,380



Bob Evans Farms Inc.

Common and preferred stock 104,450 shares

4,198,890



Elizabeth Arden Inc.

Common and preferred stock 92,200 shares

4,149,922



Cobalt International Energy Inc.

Common and preferred stock 150,300 shares

3,691,368



Unum Group

Common and preferred stock 172,200 shares

3,585,204



Griffon Corporation

Common and preferred stock 306,320 shares

3,510,427



NRG Energy Inc.

Common and preferred stock 151,000 shares

3,471,490



Coherent Inc.

Common and preferred stock 65,700 shares

3,325,734



TriMas Corporation

Common and preferred stock 118,800 shares

3,321,648


 
Alterra Capital Holdings Inc.
 
Common and preferred stock 115,700 shares
 
3,261,583

 

Sun Trust Banks Inc.

Common and preferred stock 112,900 shares

3,200,715



Con-Way Inc.

Common and preferred stock 112,900 shares

3,140,878



H & R Block Inc.

Common and preferred stock 165,200 shares

3,067,764



Clearwater Paper Corporation

Common and preferred stock 75,190 shares

2,944,440



Interpublic Group Companies Inc.

Common and preferred stock 265,600 shares

2,926,912



Hormel Foods Corporation

Common and preferred stock 90,770 shares

2,832,932



Regions Financial Corporation

Common and preferred stock 390,800 shares

2,782,496



Teradyne Inc.

Common and preferred stock 163,300 shares

2,758,137



Manpower Inc.

Common and preferred stock 64,800 shares

2,750,112



Arris Group Inc.

Common and preferred stock 182,900 shares

2,732,526



AuRico Gold Inc.

Common and preferred stock 321,445 shares

2,629,420



Orbital Sciences Corporation

Common and preferred stock 189,725 shares

2,612,513



Libbey Inc.

Common and preferred stock 134,300 shares

2,598,705



Goodyear Tire & Rubber Company

Common and preferred stock 186,300 shares

2,572,803



Western Alliance Bancorporation

Common and preferred stock 243,385 shares

2,562,844



Texas Capital Bancshares Inc.

Common and preferred stock 55,500 shares

2,487,510



Magna International Inc. Class A

Common and preferred stock 47,400 shares

2,370,948



Harman International Industries, Inc.

Common and preferred stock 53,000 shares

2,365,920



40
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value

PartnerRe Limited

Common and preferred stock 28,585 shares

2,300,807



Carrizo Oil & Gas Inc.

Common and preferred stock 109,000 shares

2,280,280



Keycorp

Common and preferred stock 269,200 shares

2,266,664



MDC Partners Inc. Class A

Common and preferred stock 197,465 shares

2,231,355



Denbury Resources Inc.

Common and preferred stock 136,600 shares

2,212,920



Omnicare Inc.

Common and preferred stock 61,000 shares

2,202,100



Treehouse Foods Inc.

Common and preferred stock 41,665 shares

2,171,996



Kennedy-Wilson Holdings Inc.

Common and preferred stock 153,860 shares

2,150,963



Deltic Timber Corporation

Common and preferred stock 29,400 shares

2,076,228



Orkla A/S

Common and preferred stock 234,900 shares

2,055,375



ON Semiconductor Corporation

Common and preferred stock 286,900 shares

2,022,645



Guess?, Inc.

Common and preferred stock 82,400 shares

2,022,096



Allstate Corporation

Common and preferred stock 49,500 shares

1,988,415



MKS Instruments

Common and preferred stock 76,200 shares

1,964,436



Ocwen Financial Corporation

Common and preferred stock 54,600 shares

1,888,614



Inter Parfums Inc.

Common and preferred stock 96,100 shares

1,870,106



Scorpio Tankers Inc.

Common and preferred stock 262,155 shares

1,863,922



Inverness Medical Innovations Inc.

Common and preferred stock 96,165 shares

1,779,053



PHH Corporation

Common and preferred stock 77,800 shares

1,769,950



Schawk, Inc. Class A

Common and preferred stock 134,130 shares

1,765,151



Exar Corporation

Common and preferred stock 195,400 shares

1,739,060



Meadowbrook Insurance Group Inc.

Common and preferred stock 300,400 shares

1,736,312



Arrow Electronics Inc.

Common and preferred stock 45,450 shares

1,730,736



Vertex Pharmaceuticals, Inc.

Common and preferred stock 41,050 shares

1,721,637



Reinsurance Group of America Inc.

Common and preferred stock 32,150 shares

1,720,668



Axis Capital Holdings Limited

Common and preferred stock 49,485 shares

1,714,160



Lifepoint Hospitals Inc.

Common and preferred stock 43,200 shares

1,630,800



Avnet Inc.

Common and preferred stock 51,600 shares

1,579,476



Chiquita Brands International Inc.

Common and preferred stock 191,400 shares

1,579,050



Maiden Holdings Limited

Common and preferred stock 171,800 shares

1,578,842



Kosmos Energy Limited

Common and preferred stock 127,200 shares

1,570,920



Willis Group Holdings

Common and preferred stock 46,650 shares

1,564,175



Tyson Foods Inc. Class A

Common and preferred stock 79,900 shares

1,550,060



PMC-Sierra, Inc.

Common and preferred stock 293,350 shares

1,528,354



Campus Crest Communities Inc.

Common and preferred stock 124,500 shares

1,526,370



Aetna Inc.

Common and preferred stock 32,900 shares

1,523,270



Tutor Perini Corporation

Common and preferred stock 110,500 shares

1,513,850



Huntington Ingalls Industries, Inc.

Common and preferred stock 34,800 shares

1,508,232



Ciber Inc.

Common and preferred stock 429,700 shares

1,435,198



TMS International Corporation Class A

Common and preferred stock 113,500 shares

1,421,020



Albany International Corporation Class A

Common and preferred stock 62,100 shares

1,408,428



FBR Capital Markets Corporation

Common and preferred stock 359,810 shares

1,392,465



Ingram Micro Inc. Class A

Common and preferred stock 81,400 shares

1,377,288


 
PrivateBancorp, Inc.
 
Common and preferred stock 87,685 shares
 
1,343,334

 

Alliant Techsystems Inc.

Common and preferred stock 21,500 shares

1,332,140



First Horizon National Corporation

Common and preferred stock 134,101 shares

1,328,941



Nelnet Inc. Class A

Common and preferred stock 44,100 shares

1,313,739



PPL Corporation

Common and preferred stock 44,700 shares

1,279,761



FTI Consulting Inc.

Common and preferred stock 38,700 shares

1,277,100



Lear Corporation

Common and preferred stock 27,000 shares

1,264,680



Public Service Enterprise Group Inc.

Common and preferred stock 41,000 shares

1,254,600



Embraer SA

Common and preferred stock 43,700 shares

1,245,887



Stone Energy Corporation

Common and preferred stock 60,500 shares

1,241,460



Delphi Automotive PLC

Common and preferred stock 32,300 shares

1,235,475



Middleby Corporation

Common and preferred stock 9,615 shares

1,232,739



Aurizon Mines Limited

Common and preferred stock 353,000 shares

1,228,440



Diamondback Energy Inc.

Common and preferred stock 64,100 shares

1,225,592



ICF International, Inc.

Common and preferred stock 51,700 shares

1,211,848



41
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value

GSE Holding Inc.

Common and preferred stock 194,800 shares

1,207,760



Brinks Company

Common and preferred stock 40,200 shares

1,146,906



Saba Software, Inc.

Common and preferred stock 129,600 shares

1,132,704



TE Connectivity Limited

Common and preferred stock 30,500 shares

1,132,160



FXCM Inc.

Common and preferred stock 111,845 shares

1,126,279



American Equity Investment Life Holding Company

Common and preferred stock 91,900 shares

1,122,099



Southwest Airlines Company

Common and preferred stock 109,300 shares

1,119,232



Zions Bancorp

Common and preferred stock 51,000 shares

1,091,400



Spirit Airlines, Inc.

Common and preferred stock 61,105 shares

1,082,781



ACCO Brands Corporation

 Common and preferred stock 143,800 shares

1,055,492



Digi International Inc.

Common and preferred stock 111,100 shares

1,052,117



WSFS Financial Corporation

Common and preferred stock 24,800 shares

1,047,800



Invacare Corporation

Common and preferred stock 64,130 shares

1,045,319



Viewpoint Financial Group Inc.

Common and preferred stock 49,800 shares

1,042,812



Central Pacific Financial Corporation

Common and preferred stock 65,080 shares

1,014,597



Great Plains Energy Inc.

Common and preferred stock 49,000 shares

995,190



Schweitzer-Mauduit International Inc.

Common and preferred stock 25,300 shares

987,459



EPL Oil & Gas, Inc.

Common and preferred stock 43,600 shares

983,180



FEI Company

Common and preferred stock 17,150 shares

951,139



Mistras Group Inc.

Common and preferred stock 38,417 shares

948,516



Wesco International Inc.

Common and preferred stock 14,045 shares

947,054



Lexington Realty Trust

Common and preferred stock 90,000 shares

940,500



J.C. Penney Company Inc.

Common and preferred stock 47,100 shares

928,341



Starwood Property Trust Inc.

Common and preferred stock 40,300 shares

925,288



Nationstar Mortgage Holdings Inc.

Common and preferred stock 29,700 shares

920,106



ABM Industries, Inc.

Common and preferred stock 45,800 shares

913,710



Northwest Bancshares Inc.

Common and preferred stock 75,035 shares

910,925



Global Power Equipment Group Inc.

Common and preferred stock 52,200 shares

895,230



Wabash National Corporation

Common and preferred stock 97,600 shares

875,472



Best Buy Inc.

Common and preferred stock 73,700 shares

873,345



Allied World Assurance Company Holdings

Common and preferred stock 10,750 shares

847,100



Molson Coors Brewing Company Class B

Common and preferred stock 19,700 shares

842,963



Geo Group Inc.

Common and preferred stock 29,800 shares

840,360



Marvell Technology Group Limited

Common and preferred stock 115,400 shares

837,804



Validus Holding Limited

Common and preferred stock 23,200 shares

802,256



Orion Marine Group, Inc.

Common and preferred stock 109,600 shares

801,176



Home Loan Servicing Solutions

Common and preferred stock 41,300 shares

780,570



Highwoods Properties Inc.

Common and preferred stock 23,200 shares

776,040



Casual Male Retail Group Inc.

Common and preferred stock 178,200 shares

748,440



Northwestern Corporation

Common and preferred stock 21,500 shares

746,695



Symmetry Medical, Inc.

Common and preferred stock 70,200 shares

738,504



Navigant Consulting, Inc.

Common and preferred stock 65,800 shares

734,328



First Midwest Bancorp Inc.

Common and preferred stock 58,300 shares

729,916



Portland General Electric Company

Common and preferred stock 25,400 shares

694,944



Two Harbors Investment Corporation

Common and preferred stock 62,400 shares

691,392



Piedmont Natural Gas Inc.

Common and preferred stock 21,900 shares

685,689



Staples Inc.

Common and preferred stock 59,700 shares

680,580



Synovus Financial Corporation

Common and preferred stock 277,100 shares

678,895



Comerica Inc.

Common and preferred stock 22,300 shares

676,582



Symantec Corporation

Common and preferred stock 35,900 shares

675,279



Empire District Electronic Company

Common and preferred stock 32,100 shares

654,198



Mack-Cali Realty Corporation REIT

Common and preferred stock 24,800 shares

647,528



Bravo Brio Restaurant Group Inc.

Common and preferred stock 47,700 shares

640,611



Homestreet Inc.

Common and preferred stock 24,700 shares

631,085



Cadiz, Inc.

Common and preferred stock 79,228 shares

627,486



UIL Corporation

Common and preferred stock 17,500 shares

626,675



Newpark Resources Inc.

Common and preferred stock 79,700 shares

625,645



THL Credit Inc.

Common and preferred stock 42,300 shares

625,617



42
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value

Plantronics Inc.

Common and preferred stock 15,600 shares

575,172



Diodes Inc.

Common and preferred stock 33,100 shares

574,285



Omniamerican Bancorp, Inc.

Common and preferred stock 24,810 shares

573,855



Air Transport Services Group Inc.

Common and preferred stock 141,600 shares

567,816



Providence Service Corporation

Common and preferred stock 33,100 shares

562,369



The Jones Group, Inc.

Common and preferred stock 50,700 shares

560,742



Stealthgas Inc.

Common and preferred stock 66,527 shares

527,559



Government Properties Income Trust

Common and preferred stock 21,800 shares

522,546

 

Flow International Corporation

Common and preferred stock 144,779 shares

506,727



Blount International Inc.

Common and preferred stock 32,000 shares

506,240



SCBT Financial Corporation

Common and preferred stock 12,400 shares

498,232



Carmike Cinemas Inc.

Common and preferred stock 32,800 shares

492,000



DeVry Inc.

Common and preferred stock 20,500 shares

486,465



Computer Task Group Inc.

Common and preferred stock 25,500 shares

464,865



Safeway Inc.

Common and preferred stock 25,600 shares

463,104



Ignite Restaurant Group Inc.

Common and preferred stock 35,600 shares

462,800



Columbus McKinnon Corporation

Common and preferred stock 28,000 shares

462,560



Northern Trust Corporation*

Common and preferred stock 9,000 shares

451,440



Nexen Inc.

Common and preferred stock 16,700 shares

449,898



CA Inc.

Common and preferred stock 20,400 shares

448,392



Paccar Inc.

Common and preferred stock 9,800 shares

443,058



Alaska Air Group Inc.

Common and preferred stock 10,200 shares

439,518



Torchmark Corporation

Common and preferred stock 8,500 shares

439,195



Quest Diagnostics Inc.

Common and preferred stock 7,500 shares

437,025



Accuray Inc.

Common and preferred stock 67,620 shares

434,797



XL Group PLC

Common and preferred stock 17,200 shares

431,032



Citigroup, Inc.

Common and preferred stock 11,100 shares

428,904



Edison International

Common and preferred stock 9,400 shares

424,786



Horsehead Holding Corporation

Common and preferred stock 40,600 shares

414,526



Swift Transportation Company Class A

Common and preferred stock 45,000 shares

410,400



Americas Car-Mart Inc.

Common and preferred stock 10,100 shares

409,252



CYS Investments Inc.

Common and preferred stock 34,600 shares

408,626



Geo Group Inc.

Common and preferred stock 14,100 shares

397,620



Alpha Natural Resources Inc.

Common and preferred stock 40,600 shares

395,444



Globe Specialty Metals Inc.

Common and preferred stock 28,300 shares

389,125



Global Indemnity PLC

Common and preferred stock 17,500 shares

387,275



Seachange International Inc.

Common and preferred stock 39,605 shares

382,980



Boston Private Financial Holdings Inc.

Common and preferred stock 38,900 shares

350,489



Medical Action Industries Inc.

Common and preferred stock 127,900 shares

344,051



United Financial Bancorp Inc.

Common and preferred stock 21,500 shares

337,980


 
Aegean Marine Petroleum Network Inc.
 
Common and preferred stock 61,800 shares
 
326,304

 
 
Heckmann Corporation
 
Common and preferred stock 75,500 shares
 
304,265

 
 
Comverse Inc.
 
Common and preferred stock 10,360 shares
 
295,571

 
 
Trinity Biotech PLC
 
Common and preferred stock 18,900 shares
 
272,538

 
 
Home Bancshares Inc.
 
Common and preferred stock 8,200 shares
 
270,764

 
 
Health Management Association Inc.
 
Common and preferred stock 28,700 shares
 
267,484

 
 
Approach Resources Inc.
 
Common and preferred stock 9,525 shares
 
238,220

 
 
American Capital Mortgage Investment Corporation
 
Common and preferred stock 10,100 shares
 
238,057

 
 
Graftech International Limited
 
Common and preferred stock 25,300 shares
 
237,567

 
 
Wet Seal Inc. Class A
 
Common and preferred stock 81,200 shares
 
224,112

 
 
Dynegy Inc.
 
Common and preferred stock 11,400 shares
 
218,082

 
 
RTI International Metals Inc.
 
Common and preferred stock 7,200 shares
 
198,432

 
 
Rand Logistics Inc.
 
Common and preferred stock 29,400 shares
 
191,100

 
 
Super Value Inc.
 
Common and preferred stock 67,500 shares
 
166,725

 
 
Liqtech International Inc.
 
Common and preferred stock 136,400 shares
 
137,764

 
 
Great American Group Inc.
 
Common and preferred stock 123,600 shares
 
18,540

 
Total Small-Mid Cap Value Asset Class





292,630,018










43
Schedule H, line 4i – Schedule of Assets (Held at End of Year) (continued)

Identity of Issue
 
Description of Investment
 
Current Value
Other:







BIF Money Fund

Cash and cash equivalent

1,669,609



Northern Trust Global Investments Collective Daily Short Term Investment Fund*

Collective trust fund 77,674 units

77,674


Total Other





1,747,283









Notes Receivable from Participants*

Interest Rate 4.25% - 10.8%



42,523,718








$
3,135,914,595

 
 
 
 
 
 
 
 
 
 
 
 
* Indicates party-in-interest
 
 
 
 


44

Supplemental Schedule
Amgen Retirement and Savings Plan
EIN: 95-3540776 Plan: #001
December 31, 2012

Schedule H, line 4i – Schedule of Assets (Acquired and Disposed of Within Year)
 
 
 
 
Identity of Issue
Description of Investment
Proceeds of
Dispositions
 
 
 
 Met Life Global Funding I 2% Due 01/09/2015
Corporate Bond 125,000 units
$
127,119

 Tyco Electronics 3.5% Due 02/03/2022
Corporate Bond 50,000 units
50,928

 Hewlett Packard Company 4.05% Due 09/15/2022
Corporate Bond 19,000 units
18,240

 Bank America Corporation 5.7% Due 01/24/2022
Corporate Bond 15,000 units
16,319

 Participant Self-Directed Accounts
Various investments
13,880

 Duke Energy 4% Due 09/30/2042
Corporate Bond 13,000 units
13,388



45

Supplemental Schedule
Amgen Retirement and Savings Plan
EIN: 95-3540776 Plan Number: #001
December 31, 2012

Schedule G, Part 1 – Schedule of Loans or Fixed Income Obligations in Default
or Classified as Uncollectible

Identity of obligor
 
Original
amount  of
loan
(cost of
security)
 
Unpaid balance
at end of year
(fair value of
security)
 
Detailed description of loan including dates of making and maturity, interest rate, the type and value of collateral, any renegotiation of the loan and the terms of the renegotiation and other
material items (description of fixed income obligation)
 
Amount of
principal
overdue
 
Amount of
interest
overdue
Kaupthing Bank
 
$
259,613

 
$
75,950

 
Corporate bonds 310,000 units 7.625% due 12/31/2040
 
$
—

 
$
94,550

Glitnir Banki HF
 
99,776

 
27,250

 
Corporate bonds 100,000 units 6.375% due 9/25/2012
 
100,000

 
25,500



46

Supplemental Schedule
Amgen Retirement and Savings Plan
EIN: 95-3540776 Plan Number: #001
December 31, 2012

Schedule H, line 4a – Schedule of Delinquent Participant Contributions
 
 
 
 
 
 
 
 
 
 
 

 
 
Total that constitute Nonexempt Prohibited Transactions
 

Year
 
Participant
contributions and
loan repayments
transferred
late to Plan
 
Contributions
not corrected
 
Contributions
corrected
outside
VFCP1
 
Contributions
pending
correction in
VFCP1
 
Total fully corrected
under VFCP1
and PTE2
2002-51
2010
 
Employee contributions and loan payments
 
$
—

 
$
171,093

 
$
—

 
$
—

2012
 
Employee contributions and loan payments
 
—

 
3,849

 
—

 
—

Note: 2010 contributions and loan payments of $171,093 were deposited one to three business days in arrears. 2012 contribution and loan payments of $3,849 were deposited 20 business days in arrears. Related earnings of $220 on these amounts were deposited in 2012 and 2013.
__________
1Voluntary Fiduciary Correction Program
2Prohibited Transaction Exemption
 

47

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
 
 
 Amgen Retirement and Savings Plan
 (Name of Plan)
 
 
 
 
 
 
 
Date:
June 14, 2013
 
 
By:
 
/s/ JONATHAN M. PEACOCK
 
 
 
 
 
 
Jonathan M. Peacock
 
 
 
 
 
 
  Executive Vice President and
  Chief Financial Officer
  Amgen Inc.

48

AMGEN RETIREMENT AND SAVINGS PLAN
INDEX TO EXHIBIT
 
Consent of Independent Registered Public Accounting Firm
  
Exhibit 23.1

49