Document


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 


FORM 11-K


(Mark One)
x
Annual Report Pursuant to Section 15(d) of the Securities Exchange Act of 1934
 
For the fiscal year ended December 31, 2017

OR
o
Transition Report Pursuant to Section 15(d) of the Securities Exchange Act of 1934
Commission file number 001-09553



CBS 401(k) PLAN
(Full title of the plan)



CBS CORPORATION
(Name of issuer of the securities held pursuant to the plan)


51 West 52nd Street
New York, New York 10019
(Address of principal executive office)
 




CBS 401(k) PLAN

FINANCIAL STATEMENTS, SUPPLEMENTAL SCHEDULES AND EXHIBITS
DECEMBER 31, 2017 AND 2016

INDEX

 
 
 
Page
Report of Independent Registered Public Accounting Firm
 
1
 
 
 
 
Financial Statements:
 
 
 
Statements of Net Assets Available for Benefits at December 31, 2017 and 2016
 
 
 
 
 
 
Statement of Changes in Net Assets Available for Benefits for the Year Ended December 31, 2017
 
 
 
 
 
 
Notes to Financial Statements
 
 
 
 
 
 
 
 
Schedules
Supplemental Schedules:
 
 
 
Schedule H, line 4a - Schedule of Delinquent Participant Contributions
 
S - 1
 
 
 
 
 
Schedule H, line 4i - Schedule of Assets (Held at End of Year)
 
S - 2
 
 
 
 
All other schedules required by the Department of Labor's Rules and Regulations for Reporting and
 
 
 
Disclosure under the Employee Retirement Income Security Act of 1974 are omitted as not
 
 
 
applicable or not required.
 
 
 
 
 
 
Signature
 
 
 
 
 
 
Exhibit:
 
 
 
23.1 Consent of Independent Registered Public Accounting Firm
 
 




Report of Independent Registered Public Accounting Firm

To the Administrator and Plan Participants of the CBS 401(k) Plan

Opinion on the Financial Statements

We have audited the accompanying statements of net assets available for benefits of the CBS 401(k) Plan (the “Plan”) as of December 31, 2017 and December 31, 2016 and the related statement of changes in net assets available for benefits for the year ended December 31, 2017, including the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2017 and December 31, 2016, and the changes in net assets available for benefits for the year ended December 31, 2017 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Supplemental Information

The supplemental Schedule of Delinquent Participant Contributions for the year ended December 31, 2017 and Schedule of Assets (Held at End of Year) as of December 31, 2017 have been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental schedules are the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental schedules reconcile to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedules. In forming our opinion on the supplemental schedules, we evaluated whether the supplemental schedules, including their form and content, are presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental schedules are fairly stated, in all material respects, in relation to the financial statements as a whole.

/s/ PRICEWATERHOUSECOOPERS LLP
PricewaterhouseCoopers LLP
New York, New York
June 29, 2018

We have served as the Plan's auditor since at least 1996. We have not determined the specific year we began serving as auditor of the Plan.




CBS 401(k) PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
(In thousands)
 
At December 31,
 
2017
 
2016
Assets
 
 
 
Investments, at fair value
$
2,934,530

 
$
3,092,439

Synthetic guaranteed investment contracts, at contract value
1,133,811

 
1,210,310

Receivables:
 
 
 
Notes receivable from participants
27,458

 
34,384

Employee contributions
1,115

 
1,047

Employer contributions
3,732

 
2,670

Interest and dividends
3,749

 
3,132

Due from broker for securities sold (Note 1)
159

 
50,381

Total assets
4,104,554

 
4,394,363

Liabilities
 
 
 
Accrued expenses
1,370

 
1,540

Due to broker for securities purchased
15

 
28

Total liabilities
1,385

 
1,568

Net assets available for benefits
$
4,103,169

 
$
4,392,795

The accompanying notes are an integral part of these financial statements.

2


CBS 401(k) PLAN

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
(In thousands)
 
Year Ended
 
December 31, 2017
Additions to net assets attributed to:
 
Investment income:
 
Net appreciation in fair value of investments
$
370,536

Interest
30,426

Dividends
18,133

Interest income on notes receivable from participants
1,212

Contributions:
 
Employee
100,762

Employer
33,583

Rollover
18,737

Total additions
573,389

Deductions from net assets attributed to:
 
Benefits paid to participants
(318,965
)
Plan expenses
(4,926
)
Total deductions
(323,891
)
Net increase
249,498

Transfer to the CBS Radio 401(k) Plan (Note 1)
(539,124
)
Net assets available for benefits, beginning of year
4,392,795

Net assets available for benefits, end of year
$
4,103,169

The accompanying notes are an integral part of these financial statements.


3

CBS 401(k) PLAN
NOTES TO FINANCIAL STATEMENTS
(Tabular dollars in thousands)


NOTE 1 - PLAN DESCRIPTION
The following is a brief description of the CBS 401(k) Plan (the “Plan”) and is provided for general information only. Participants should refer to the Plan document, as amended, for more complete information regarding the Plan.

The Plan, sponsored by CBS Corporation (the “Company” or “CBS Corp.”), is a defined contribution plan offered on a voluntary basis to eligible employees of the Company and each of its subsidiaries that is included for participation.

Eligible full-time newly hired employees may enroll in the Plan immediately or are automatically enrolled following 60 days after hire or rehire and attainment of age 21, unless they elect not to participate. Part-time employees are automatically enrolled in the Plan on the first day of the month following the attainment of age 21 and completion of 1,000 hours of service within a consecutive twelve-month period, unless they already voluntarily enrolled upon meeting the age and service requirements or have elected not to participate. The Plan is subject to the provisions of the Internal Revenue Code of 1986, as amended (the “Code”), and the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and is overseen by a retirement committee designated as the administrator of the Plan as defined under ERISA (the “Plan Administrator”) by the Company’s Board of Directors (the “Board”).

Exempt Party-in-Interest Transactions
Through October 1, 2017, The Bank of New York Mellon (the “Prior Trustee”) was the trustee and custodian and Mercer HR Services, LLC was the recordkeeper of the Plan. On October 2, 2017, Fidelity Management Trust Company (the “Trustee”) became the trustee and custodian and Fidelity Workplace Services LLC became the recordkeeper of the Plan. Certain Plan investments are shares of funds and bonds managed by the Trustee, the Prior Trustee or companies affiliated with the Prior Trustee, or shares and bonds of a company affiliated with CBS Corp., and therefore qualify as party-in-interest transactions. The fair value of these investments was $218 million at December 31, 2017 and $356 million at December 31, 2016, and these investments appreciated by $6 million for the year ended December 31, 2017. In addition, certain Plan investments are shares of CBS Corp. Class A Common Stock and Class B Common Stock (together, “CBS Corp. Common Stock”) and therefore qualify as party-in-interest transactions. The fair value of these investments was $341 million at December 31, 2017 and $508 million at December 31, 2016. For the year ended December 31, 2017, these investments depreciated by $28 million and earned dividends of $5 million. During the year ended December 31, 2017, the Plan purchased $9 million and sold $49 million of CBS Corp. Common Stock.

Plan Transfers
Effective January 1, 2017, in connection with the Company’s disposition of CBS Radio Inc. (“CBS Radio”), the Company’s radio business, the Company established the CBS Radio 401(k) Plan. The assets attributable to CBS Radio participants in the CBS 401(k) Plan were transferred to the CBS Radio 401(k) Plan. At December 31, 2016, “Due from broker for securities sold” reflected a higher volume of security trades that were initiated, but not yet settled on December 31, 2016, to enable the Plan to transfer the accounts of CBS Radio employees from the Plan to the CBS Radio 401(k) Plan in January 2017. These participants’ accounts were invested into funds in the CBS Radio 401(k) Plan that are similar in nature to the CBS 401(k) Plan’s funds.


4


CBS 401(k) PLAN
NOTES TO FINANCIAL STATEMENTS (Continued)
(Tabular dollars in thousands)

Participant Accounts
Each Plan participant’s account is credited with the participant’s contributions, the employer matching contributions, if applicable, and the participant’s share of the interest, dividends, and any realized or unrealized gains or losses of the Plan’s assets, net of certain Plan expenses.

Participants have the option of investing their contributions or existing account balances among various investment options. These investment options include common collective funds, registered investment companies (mutual funds), separately managed accounts, which primarily invest in common stocks, a fixed income fund and the CBS Corp. Class B Common Stock fund.

Within the Plan, the CBS Corp. Class A Common Stock fund and CBS Corp. Class B Common Stock fund are part of an Employee Stock Ownership Plan (“ESOP”). As a result, the Plan offers an ESOP dividend election under which Plan participants can elect to reinvest any ESOP dividends paid on vested shares back into the ESOP account in CBS Corp. Class B Common Stock or, for the CBS Corp. Class B Common Stock fund only, to receive the dividends as a cash payout. If a participant does not make an election, the dividends are reinvested in the ESOP account in the CBS Corp. Class B Common Stock fund.

Participants may also elect to open a self-directed brokerage account (“SDA”). Participants may not contribute directly to the SDA, but may transfer balances to the SDA from other investment funds except the fixed income fund. A participant may transfer up to 25% of his or her account balance (net of loans) to the SDA. The initial transfer to the SDA may not be less than $2,500 and there is no minimum for subsequent individual transfers.

Contributions
The Plan permits participants to contribute up to 50% of eligible annual compensation on a traditional before-tax, Roth 401(k) after-tax, or combination basis and up to 15% of eligible annual compensation on a traditional after-tax basis, subject to the Code limitations set forth below. Total combined contributions may not exceed 50% of eligible annual compensation. Roth 401(k) contributions and the related earnings can be withdrawn tax-free if certain requirements are met. The level of employer matching contributions is entirely at the discretion of the Board and is determined annually for all participants in the Plan. For 2017, the Board set the employer’s matching contribution at 70% of the first 5% of eligible compensation contributed on a before-tax or Roth 401(k) basis.

Participants may elect to invest their matching contributions in any investment option, including the CBS Corp. Class B Common Stock fund. If no option is elected by the participant, the matching contribution is invested in the Plan’s Qualified Default Investment Alternative (“QDIA”), a common collective fund that is primarily invested in a mix of equities and bonds appropriate for the participant’s target retirement year, which is assumed to be at age 65.

Upon date of hire and, effective on the 60th day following the date upon which an employee becomes eligible to participate in the Plan, newly hired employees are deemed to have authorized the Company to make before-tax contributions to the Plan in an amount equal to 5% of the employee’s eligible compensation. However, a deemed authorization does not take effect if, during the 60-day period, the employee elects not to participate in the Plan or to participate at a different contribution rate.

The Code limits the amount of annual participant contributions that can be made on a before-tax or Roth 401(k) basis to $18,000 for 2017. Total compensation considered under the Plan, based on Code limits, could not exceed $270,000 for 2017. The Code also limits annual aggregate participant and employer contributions to the lesser of $54,000 or 100% of compensation in 2017. All contributions made to the Plan on an annual basis may be further limited due to certain nondiscrimination requirements prescribed by the Code.


5


CBS 401(k) PLAN
NOTES TO FINANCIAL STATEMENTS (Continued)
(Tabular dollars in thousands)

All participants who have attained age 50 before the close of the Plan year (calendar year) are eligible to make catch-up contributions. These contributions are not treated as matchable contributions. Catch-up contributions can be made if the eligible participant makes the maximum $18,000 contribution permitted for the plan year. The limit for catch-up contributions is $6,000 in 2017.

Vesting
Participants in the Plan are immediately vested in their own contributions and earnings thereon. Employer matching contributions vest at 20% per year of service, becoming fully vested after five years of service. If a participant’s employment terminates prior to being vested in their employer matching contributions, the non-vested portion of their account is forfeited and may be used to reduce future employer matching contributions and to pay administrative expenses. Forfeitures are recorded at the time vested benefits are distributed or as of the close of the fifth consecutive year of break in service if no distribution was elected. During 2017, the Company utilized forfeitures of $5,760,000 to reduce matching contributions and approximately $779,000 to pay administrative expenses. As of December 31, 2017 and 2016, the Company had forfeitures of approximately $1,467,000 and $4,499,000, respectively, available to be used as noted above.

Notes Receivable from Participants
Eligible participants may request a loan for up to the lesser of 50% of the participant’s vested account balance or $50,000, reduced by the highest outstanding balance of any Plan loan made to the participant during the twelve-month period ending on the day before the loan is made. The minimum loan available to a participant is $500. The interest rate on participant loans is one percentage point above the annual prime commercial rate (as published in The Wall Street Journal) on the first day of the calendar month in which the loan is approved. Principal and interest is payable through payroll deductions. Only one loan may be outstanding at any time. Participants may elect repayment periods from 12 to 60 months commencing as soon as administratively possible following the distribution of the loan proceeds to the participant. The Plan allows participants to elect a repayment term of up to 300 months for loans used for the acquisition of a principal residence. Repayments of loan principal and interest are allocated in accordance with the participant’s current investment elections. Loans outstanding at December 31, 2017 carry interest rates ranging from 4.25% to 10%.

Distributions and Withdrawals
Earnings on employee contributions (other than after-tax contributions) and employer contributions are not subject to income tax until they are distributed or withdrawn from the Plan.

Participants in the Plan, or their beneficiaries, may receive their vested account balances in a lump sum, in installments over a period of up to 20 years, or in partial distributions of the account balance in the event of retirement, termination of employment, disability or death. For vested account balances invested in the CBS Corp. Class A Common Stock fund and CBS Corp. Class B Common Stock fund, participants may elect to receive distributions in cash or whole shares. In general, participants must receive a required minimum distribution upon attainment of age 70 1/2 unless they are still employed.

Participants in the Plan may withdraw part or all of their after-tax and rollover contributions and the vested portion of employer matching contributions. Upon attainment of age 59 1/2, participants may also withdraw all or part of their before-tax or Roth 401(k) contributions and earnings thereon. The Plan limits participants to two of the above withdrawal elections in each Plan year.

A participant may obtain a financial hardship withdrawal of the vested portion of employer matching contributions and employee before-tax or Roth 401(k) contributions provided that the requirements for hardship are met and only

6


CBS 401(k) PLAN
NOTES TO FINANCIAL STATEMENTS (Continued)
(Tabular dollars in thousands)

to the extent required to relieve such financial hardship. There is no restriction on the number of hardship withdrawals permitted.

When a participant terminates employment with the Company, the full value of employee contributions and earnings thereon plus the value of all vested employer matching contributions and earnings thereon are eligible for distribution and can be rolled over to a tax qualified retirement plan or an Individual Retirement Account (“IRA”) or remain in the Plan rather than being distributed. If the vested account balance is $1,000 or less and the participant does not make an election to rollover the vested account balance, it will be automatically paid in a single lump sum cash payment, and taxes will be withheld from the distribution.

Plan Expenses
The fees for investment of Plan assets are charged to the Plan’s investment funds. Certain administrative expenses such as fees for accounting, investment consulting and employee communications may be paid by the Plan using forfeitures or may be paid by the Company. Recordkeeping and trustee fees are paid from participant accounts. For 2017, approximately $246,000 was paid to the Trustee, a party-in-interest, and its affiliates and approximately $234,000 was paid to the Prior Trustee, a party-in-interest, and its affiliates for services provided during the year.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Accounting
The financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Certain amounts reported for the prior year have been reclassified to conform to the current year’s presentation.

In accordance with Financial Accounting Standards Board (“FASB”) guidance, investments are reported at fair value, except for fully benefit-responsive investment contracts which are reported at contract value. Contract value was determined to be the relevant measurement for the portion of net assets available for benefits attributable to fully benefit-responsive investment contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan. The Statement of Changes in Net Assets Available for Benefits is prepared on a contract value basis with respect to the fully benefit-responsive investment contracts.

Investment Valuation
Short-term money market investments are carried at amortized cost which approximates fair value due to the short-term maturity of these investments. Investments in common stock are reported at fair value based on quoted market prices on national security exchanges. Investments in registered investment companies are reported at fair value based on quoted market prices in active markets. The fair value of investments in separately managed accounts is determined by the Trustee based upon the fair value of the underlying securities. The fair values of investments in common collective funds are determined using the net asset value per share (“NAV”) provided by the administrator of the fund. The NAV is determined by each fund’s trustee based upon the fair value of the underlying assets owned by the fund, less liabilities, divided by the number of outstanding units. The common collective funds have daily redemptions and one day trading terms. The common collective funds have no unfunded commitments at December 31, 2017. The fair value of fixed income, asset-backed and mortgage-backed securities is determined by independent pricing sources based on quoted market prices, when available, or using valuation models which incorporate certain other observable inputs including recent trading activity for comparable securities and broker quoted prices. Cash and cash equivalents are valued at cost plus accrued interest, which approximates fair value.


7


CBS 401(k) PLAN
NOTES TO FINANCIAL STATEMENTS (Continued)
(Tabular dollars in thousands)

As part of their investment strategy, the managers of the fixed income fund, which invests in synthetic guaranteed investment contracts, may use derivative financial instruments for various purposes, including managing exposure to sector risk or movements in interest rates, extending the duration of the investment portfolio and as a substitute for cash securities. The derivative instruments typically used are interest rate futures and swaps. Interest rate swaps are recorded at fair value and marked-to-market through the duration of the contract term with an offsetting increase to unrealized appreciation (depreciation). Futures are marked-to-market and settled daily. The daily receipt or payment is recognized as unrealized appreciation (depreciation) until the contract is closed at which time the total fair value of the futures contract is recognized as a realized gain (loss).

The Plan invests in fully benefit-responsive synthetic guaranteed investment contracts through the fixed income fund. The contract value of these contracts represents the aggregate amount of deposits thereto, plus interest at the contract rate, less withdrawals.

Security Transactions and Income Recognition
Purchases and sales of securities are recorded on the trade date. The average cost basis is used to determine gains or losses on security dispositions. Interest income is accrued as earned and dividend income is recorded on the ex-dividend date.

Net appreciation or depreciation in the fair value of investments, included in the Statement of Changes in Net Assets Available for Benefits, consists of the realized gains and losses and the unrealized appreciation and depreciation on those investments presented at fair value.

Notes Receivable from Participants
Notes receivable from participants are measured at their unpaid principal balance plus any accrued but unpaid interest. Delinquent participant loans are reclassified as distributions based upon the terms of the Plan.

Payment of Benefits
Benefit payments are recorded when paid.

Use of Estimates
The preparation of financial statements in conformity with GAAP requires the Plan to make estimates and assumptions, such as those regarding the fair value of investments, that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of changes in net assets available for benefits during the reporting period. Actual results could differ from those estimates.

Recent Pronouncements
Employee Benefit Plan Master Trust Reporting
In February 2017, the FASB issued guidance on the reporting requirements for employee benefit plans that hold an interest in a master trust. Under this guidance, an employee benefit plan that has an interest in a master trust will be required to present that interest and any change in the value of that interest in separate line items on the statement of net assets available for benefits and on the statement of changes in net assets available for benefits, respectively. Employee benefit plans will also have to disclose the other assets and liabilities of the master trust, as well as the dollar amount of its interest in these balances, and the dollar amount of its interest in the investments of the master trust by general type. This guidance, which is effective for annual reporting periods beginning after December 15,

8


CBS 401(k) PLAN
NOTES TO FINANCIAL STATEMENTS (Continued)
(Tabular dollars in thousands)

2018, with early adoption permitted, is not expected to have an impact on the Plan’s financial statements as the Plan does not have an interest in a master trust.
NOTE 3 - RISKS AND UNCERTAINTIES
The Plan provides for various investment options. Investment securities are exposed to various risks such as market, interest rate and credit risk. Market values of investments could decline for several reasons including changes in prevailing markets and interest rates, increases in defaults, and credit rating downgrades. Due to the level of risk associated with certain investment securities and the level of uncertainty related to changes in the value of such securities, it is at least reasonably possible that changes in investment values in the near term could materially affect participants’ account balances and the amounts reported in the Statements of Net Assets Available for Benefits and the related Statement of Changes in Net Assets Available for Benefits.

NOTE 4 - INVESTMENTS AT CONTRACT VALUE
The Plan invests in synthetic guaranteed investment contracts, which provide for the repayment of principal plus interest through benefit-responsive wrapper contracts. A wrapper contract is issued by a third party insurance company, financial institution or bank, and is held in combination with fixed income securities to form a synthetic guaranteed investment contract. The interest crediting rate on synthetic guaranteed investment contracts reflects the yield of the associated fixed income investments, plus the amortization of realized and unrealized gains and losses on those investments, typically over the duration of the investments. Interest crediting rates are reset on a monthly or quarterly basis, and the wrapper contracts provide that adjustments to the interest crediting rate cannot result in a future interest crediting rate that is less than zero. Certain factors can influence the future interest crediting rates, including the level of market interest rates, the amount and timing of participant contributions and withdrawals, and the returns generated by the fixed income investments that are associated with the synthetic guaranteed investment contract.

Certain employer initiated events may limit the ability of the Plan to transact at contract value with the issuer. These events include, but are not limited to, full or partial termination of the Plan, a material adverse change to the provisions of the Plan, an employer election to withdraw from the contract to switch to a different investment provider, an employer’s bankruptcy, layoffs, plant closings, corporate spin-offs, mergers, divestitures or other workforce restructurings, or if the terms of a successor plan do not meet the contract issuer’s underwriting criteria for issuance of a replacement contract with identical terms. No events are probable of occurring that may limit the ability of the Plan to transact at contract value.

The contract issuer is permitted to terminate the fully benefit-responsive investment contracts with the Plan and settle at an amount different from contract value in certain events, including loss of the Plan’s qualified status, an uncured material breach of responsibility, or material adverse changes to the provisions of the Plan.

At December 31, 2017 and 2016, the contract value of the Plan’s synthetic guaranteed investment contracts was $1.13 billion and $1.21 billion, respectively.

NOTE 5 - FAIR VALUE MEASUREMENTS
The following tables set forth the Plan’s financial assets measured at fair value on a recurring basis at December 31, 2017 and 2016. See Note 2 for the valuation methodology used to measure the fair value of these investments. There have been no changes to the methodologies used to measure the fair value of each asset from December 31, 2016 to December 31, 2017. These assets have been categorized according to the three-level fair value hierarchy established by the FASB, which prioritizes the inputs used in measuring fair value. Level 1 is based on quoted prices for the asset in active markets. Level 2 is based on inputs that are observable other than quoted market prices

9


CBS 401(k) PLAN
NOTES TO FINANCIAL STATEMENTS (Continued)
(Tabular dollars in thousands)

in Level 1, such as quoted prices for the asset in inactive markets or quoted prices for similar assets. Level 3 is based on unobservable inputs reflecting the Plan’s own assumptions about the assumptions that market participants would use in pricing the asset. The asset’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques maximize the use of relevant observable inputs and minimize the use of unobservable inputs.
At December 31, 2017
Level 1
 
Level 2
 
Level 3
 
Total
Self-directed accounts (a)
$
33,309

 
$
4,562

 
$

 
$
37,871

Separately managed accounts:
 
 
 
 
 
 


Wellington Growth Portfolio (b)
185,141

 
1,435

 

 
186,576

Dodge & Cox Value Equity Fund (b)
161,574

 
3,455

 

 
165,029

CBS Corp. Common Stock funds (c)
340,749

 
2,560

 

 
343,309

Registered investment companies (d)
237,492

 

 

 
237,492

Money market funds (e)

 
18,553

 

 
18,553

Total assets in fair value hierarchy
$
958,265

 
$
30,565

 
$

 
$
988,830

Common collective funds measured at net asset value
 
 
 
 
 
 
1,945,700

Investments, at fair value


 


 


 
$
2,934,530

At December 31, 2016
Level 1
 
Level 2
 
Level 3
 
Total
Self-directed accounts (a)
$
29,964

 
$
4,154

 
$

 
$
34,118

Separately managed accounts:
 
 
 
 
 
 


Wellington Growth Portfolio (b)
139,453

 
678

 

 
140,131

Dodge & Cox Value Equity Fund (b)
141,760

 
9,202

 

 
150,962

CBS Corp. Common Stock funds (c)
507,948

 
4,439

 

 
512,387

Registered investment companies (d)
219,542

 

 

 
219,542

Money market funds (e)

 
94,586

 

 
94,586

Total assets in fair value hierarchy
$
1,038,667

 
$
113,059

 
$

 
$
1,151,726

Common collective funds measured at net asset value
 
 
 
 
 
 
1,940,713

Investments, at fair value


 


 


 
$
3,092,439

(a)
Primarily invested in common stock and registered investment companies. Assets categorized as Level 2 reflect investments in money market funds.
(b)
Primarily invested in large capitalization equities. Assets categorized as Level 2 reflect investments in money market funds.
(c)
Assets categorized as Level 2 reflect investments in money market funds.
(d)
Primarily invested in small capitalization equities.
(e)
Primarily invested in U.S. government securities and U.S. government agency securities.

NOTE 6 - INCOME TAX STATUS
The Internal Revenue Service (“IRS”) issued a favorable determination letter dated January 13, 2015, indicating that the Plan document satisfied the requirements of Section 401(a) of the Code and that the trust thereunder is exempt from federal income taxes under the provisions of Section 501(a) of the Code. The Plan Administrator believes that the Plan is designed and is currently being operated in compliance with the applicable provisions of the Code. In addition, the Plan Administrator has concluded that as of December 31, 2017, there are no uncertain tax positions taken or expected to be taken that require recognition of an asset or liability or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions. The Plan Administrator believes it is no longer subject to income tax examinations for years prior to 2013.


10


CBS 401(k) PLAN
NOTES TO FINANCIAL STATEMENTS (Continued)
(Tabular dollars in thousands)

NOTE 7 - TERMINATION PRIORITIES
Although the Company anticipates that the Plan will continue indefinitely, it reserves the right, by action of its Board, to amend or terminate the Plan provided that such action does not retroactively reduce earned participant benefits. In the event of termination of the Plan, participants become fully vested. Upon termination, the Plan provides that the net assets of the Plan would be distributed to participants based on their respective account balances.

NOTE 8 - RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500
The following is a reconciliation of net assets available for benefits per the financial statements to the Form 5500:
 
At December 31,
 
2017
 
2016
Net assets available for benefits per the financial statements
$
4,103,169

 
$
4,392,795

Amounts allocated to withdrawing participants

 
(414
)
Participant loans deemed distributed
(1,423
)
 

Adjustment from contract value to fair value for fully
benefit-responsive investment contracts
15,901

 
24,974

Net assets available for benefits per the Form 5500
$
4,117,647

 
$
4,417,355

The following is a reconciliation of the net increase in net assets available for benefits as reflected in the financial statements to the Form 5500:
 
Year Ended
December 31, 2017
Net increase in net assets available for benefits per the financial statements
$
249,498

Add: Amounts allocated to withdrawing participants at December 31, 2016
414

Less: Participant loans deemed distributed at December 31, 2017
(1,423
)
Add: Adjustment from contract value to fair value for fully benefit-responsive
investment contracts at December 31, 2017
15,901

Less: Adjustment from contract value to fair value for fully benefit-responsive
investment contracts at December 31, 2016
(24,974
)
Net increase in net assets available for benefits per the Form 5500
$
239,416

Amounts allocated to withdrawing participants are recorded on the Form 5500 for benefit claims that have been processed and approved for payment prior to the end of the year, but were not paid as of that date.


11



SCHEDULE H, line 4a

CBS 401(k) PLAN
SCHEDULE OF DELINQUENT PARTICIPANT CONTRIBUTIONS
For the year ended December 31, 2017
(Dollars in thousands)


Participant
Contributions
Transferred late to Plan
 
Total That Constitute Nonexempt Prohibited Transactions
 
Total Fully Corrected
Under Voluntary
Check Here
If Late Participant Loan
 
 
 
 
 
 
 
Fiduciary Correction
Program (VFCP) and
Repayments Are
Included x
 
Contributions
Not Corrected
 
Contributions Corrected
Outside VFCP
 
Contributions Pending
Correction in VFCP
 
Prohibited Transaction
Exemption 2002-51
 
 
 
 
 
 
 
 
 
$

 
$

 
$
103

 
$

 
$



S - 1



SCHEDULE H, line 4i

CBS 401(k) PLAN
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2017
(Dollars in thousands)
 
Identity of issue, borrower, lessor or similar party
 
Maturity and Interest Rates
 
Cost (5)
 
Current Value
 
Self-Directed Accounts (1)
 
 
 
 
 
$
37,871

 
 
 
 
 
 
 
 
 
Corporate Common Stock Funds
 
 
 
 
 
 
*
CBS Corporation Class A Common Stock
 
 
 
 
 
748

*
CBS Corporation Class B Common Stock
 
 
 
 
 
340,001

*
Fidelity Institutional Money Market Government Portfolio
 
 
 
 
 
2,560

 
Total Corporate Common Stock Funds
 
 
 
 
 
343,309

 
 
 
 
 
 
 
 
 
Mutual Funds
 
 
 
 
 
 
 
DFA U.S. Small Cap Fund
 
 
 
 
 
126,248

 
Vanguard Total International Stock Index Fund
 
 
 
 
 
111,244

*
Fidelity Institutional Money Market Government Portfolio
 
 
 
 
 
18,553

 
Total Mutual Funds
 
 
 
 
 
256,045

 
 
 
 
 
 
 
 
 
Common Collective Funds
 
 
 
 
 
 
 
BlackRock S&P 500 Index Fund
 
 
 
 
 
750,959

*
BNY Mellon Aggregate Bond Index Fund
 
 
 
 
 
190,689

 
BlackRock Extended Equity Market Fund
 
 
 
 
 
148,987

 
BlackRock LifePath 2040 Fund
 
 
 
 
 
140,961

 
BlackRock LifePath 2050 Fund
 
 
 
 
 
131,593

 
BlackRock LifePath 2020 Fund
 
 
 
 
 
113,321

 
BlackRock LifePath 2045 Fund
 
 
 
 
 
97,619

 
Invesco International Growth Fund
 
 
 
 
 
88,201

 
BlackRock LifePath Retirement Fund
 
 
 
 
 
65,065

 
BlackRock LifePath 2030 Fund
 
 
 
 
 
63,078

 
BlackRock LifePath 2035 Fund
 
 
 
 
 
57,822

 
BlackRock LifePath 2025 Fund
 
 
 
 
 
56,284

 
BlackRock LifePath 2055 Fund
 
 
 
 
 
40,534

 
BlackRock LifePath 2060 Fund
 
 
 
 
 
587

 
Total Common Collective Funds
 
 
 
 
 
1,945,700

 
 
 
 
 
 
 
 
 
Separately Managed Accounts
 
 
 
 
 
 
(2) 
Wellington Growth Portfolio
 
 
 
 
 
186,576

(2) 
Dodge & Cox Value Equity Fund
 
 
 
 
 
165,029

 
Total Separately Managed Accounts
 
 
 
 
 
351,605

 
 
 
 
 
 
 
 
 
Synthetic Guaranteed Investment Contracts (3)
 
 
 
 
 
 
 
Transamerica Premier Life Insurance Company
MDA01263TR
 
evergreen and variable %
 
 
 
415,394

 
Prudential Insurance Company of America
GA-62413
 
evergreen and variable %
 
 
 
284,245

 
The Bank of Tokyo-Mitsubishi UFJ, Ltd.
GS-CBSEG14-2
 
evergreen and variable %
 
 
 
260,050

 
State Street Bank and Trust Company
No. 108002
 
evergreen and variable %
 
 
 
107,602

 
The Bank of Tokyo-Mitsubishi UFJ, Ltd.
GS-CBSMM14-1
 
evergreen and variable %
 
 
 
82,421

 
Total Synthetic Guaranteed Investment Contracts
 
 
 
 
 
1,149,712

 
 
 
 
 
 
 
 
*
Notes receivable from participants (4)
 
Maturity dates through 2042 and interest rates ranging from
4.25% to 10.00%
 
 
 
26,035

 
 
 
 
 
 
 
 
 
Total investments, at fair value and notes receivable from participants
 
 
 
 
 
$
4,110,277

 
 
 
 
 
 
 
 
*
Identified as a party-in-interest to the Plan.
 
 
 
 
 
 
(1)
Includes $6 million of investments identified as party-in-interest transactions to the Plan.
 
 
 
 
(2)
Refer to Attachment A for listing of assets relating to these accounts.
 
 
 
 
(3)
Refer to Attachment B for listing of assets relating to these contracts.
 
 
 
 
(4)
Does not include participant loans deemed distributed.
 
 
 
 
(5)
There are no non-participant directed investments.
 
 
 
 

S - 2



Attachment A
(In thousands)
 
Identity of Issuer
Description
Cost
Current Value
 
CASH AND CASH EQUIVALENTS
CASH ON HAND
 
$
384

 
ADOBE SYSTEMS INC
COMMON STOCK
 
3,254

 
ALIBABA GROUP HLD LTD SPON ADR
COMMON STOCK
 
2,361

 
ALLIANCE DATA SYSTEMS CORP
COMMON STOCK
 
2,843

 
ALPHABET INC CL C
COMMON STOCK
 
11,618

 
AMAZON.COM INC
COMMON STOCK
 
5,661

 
AMERICAN TOWER CORP
COMMON STOCK
 
3,217

 
AMETEK INC NEW
COMMON STOCK
 
2,857

 
APPLE INC
COMMON STOCK
 
7,976

 
AUTODESK INC
COMMON STOCK
 
2,615

 
AUTOZONE INC
COMMON STOCK
 
871

 
BANK OF AMERICA CORPORATION
COMMON STOCK
 
1,347

 
BLUE BUFFALO PET PRODUCTS INC
COMMON STOCK
 
1,179

 
BRISTOL-MYERS SQUIBB CO
COMMON STOCK
 
3,866

 
CDW CORPORATION
COMMON STOCK
 
2,532

 
CELGENE CORP
COMMON STOCK
 
1,797

 
CONSTELLATION BRANDS INC CL A
COMMON STOCK
 
2,866

 
DEXCOM INC
COMMON STOCK
 
1,477

 
EBAY INC
COMMON STOCK
 
3,901

 
EDWARDS LIFESCIENCES CORP
COMMON STOCK
 
2,872

 
EQUIFAX INC
COMMON STOCK
 
2,785

 
ESTEE LAUDER COS INC CL A
COMMON STOCK
 
2,777

 
FACEBOOK INC A
COMMON STOCK
 
8,593

 
FASTENAL CO
COMMON STOCK
 
2,927

 
FLEETCOR TECHNOLOGIES INC
COMMON STOCK
 
4,535

 
FORTUNE BRANDS HOME & SEC INC
COMMON STOCK
 
1,431

 
GARTNER INC
COMMON STOCK
 
921

 
GLOBAL PAYMENTS INC
COMMON STOCK
 
2,522

 
HILTON INC
COMMON STOCK
 
1,936

 
HOME DEPOT INC
COMMON STOCK
 
5,486

 
HUNT J B TRANSPORT SERVICES IN
COMMON STOCK
 
1,515

 
IHS MARKIT LTD
COMMON STOCK
 
2,805

 
INTERCONTINENTAL EXCHANGE INC
COMMON STOCK
 
2,332

 
LAS VEGAS SANDS CORP
COMMON STOCK
 
1,466

 
LOCKHEED MARTIN CORP
COMMON STOCK
 
2,315

 
MARKEL CORP
COMMON STOCK
 
2,381

 
MARKETAXESS HLDGS INC
COMMON STOCK
 
2,492

 
MARSH & MCLENNAN COS INC
COMMON STOCK
 
2,199

 
MASTERCARD INC CL A
COMMON STOCK
 
5,839

 
MICROCHIP TECHNOLOGY
COMMON STOCK
 
2,239

 
MICROSOFT CORP
COMMON STOCK
 
7,947

 
MONSTER BEVERAGE CORP
COMMON STOCK
 
3,754

 
MSCI INC
COMMON STOCK
 
1,738

 
NETFLIX INC
COMMON STOCK
 
1,971

 
NIKE INC CL B
COMMON STOCK
 
709

 
NORTHROP GRUMMAN CORP
COMMON STOCK
 
1,786

 
NVIDIA CORP
COMMON STOCK
 
2,379

 
O'REILLY AUTOMOTIVE INC
COMMON STOCK
 
3,394

 
PAYPAL HLDGS INC
COMMON STOCK
 
3,700

 
PEPSICO INC
COMMON STOCK
 
1,179

 
ROSS STORES INC
COMMON STOCK
 
1,954

 
SALESFORCE.COM INC
COMMON STOCK
 
2,635

 
SERVICENOW INC
COMMON STOCK
 
3,595

 
SHERWIN WILLIAMS CO
COMMON STOCK
 
1,548

 
SNAP-ON INCORPORATED
COMMON STOCK
 
1,007

 
STATE STREET GOVERNMENT SHORT TERM INVESTMENT FUND
MUTUAL FUND
 
1,435

 
TD AMERITRADE HOLDING CORP
COMMON STOCK
 
1,224

 
THE BOOKING HOLDINGS INC
COMMON STOCK
 
2,183

 
THERMO FISHER SCIENTIFIC INC
COMMON STOCK
 
1,840

 
TRANSUNION
COMMON STOCK
 
3,195

 
UNITEDHEALTH GROUP INC
COMMON STOCK
 
2,754

 
VERISK ANALYTICS INC
COMMON STOCK
 
1,722

 
VISA INC CL A
COMMON STOCK
 
4,623

 
WORKDAY INC CL A
COMMON STOCK
 
2,027

 
ZILLOW GROUP INC CL C
COMMON STOCK
 
1,286

 
NET RECEIVABLES
 
 
1

 
 
WELLINGTON GROWTH PORTFOLIO
$
186,576



S - 3



Attachment A
(In thousands)
 
Identity of Issuer
 
Description
 
Cost
 
Current Value
 
AEGON NV (NY REGD) NY REG SH
 
COMMON STOCK
 
 
 
$
1,008

 
ALNYLAM PHARMACEUTICALS INC
 
COMMON STOCK
 
 
 
1,461

 
ALPHABET INC CL A
 
COMMON STOCK
 
 
 
632

 
ALPHABET INC CL C
 
COMMON STOCK
 
 
 
4,198

 
AMERICAN EXPRESS CO
 
COMMON STOCK
 
 
 
3,873

 
ANADARKO PETROLEUM CORP
 
COMMON STOCK
 
 
 
3,272

 
APACHE CORP
 
COMMON STOCK
 
 
 
1,731

 
ASTRAZENECA PLC SPONS ADR
 
COMMON STOCK
 
 
 
2,863

 
BAKER HUGHES A GE CO
 
COMMON STOCK
 
 
 
1,584

 
BANK OF AMERICA CORPORATION
 
COMMON STOCK
 
 
 
6,102

 
BANK OF NEW YORK MELLON CORP
 
COMMON STOCK
 
 
 
3,420

 
BB&T CORP
 
COMMON STOCK
 
 
 
1,616

 
BRIGHTHOUSE FINANCIAL INC
 
COMMON STOCK
 
 
 
328

 
BRISTOL-MYERS SQUIBB CO
 
COMMON STOCK
 
 
 
2,390

 
CAPITAL ONE FINANCIAL CORP
 
COMMON STOCK
 
 
 
6,174

 
CELANESE CORP SER A
 
COMMON STOCK
 
 
 
1,820

 
CHARTER COMMUNICATIONS INC A
 
COMMON STOCK
 
 
 
4,630

 
CIGNA CORP
 
COMMON STOCK
 
 
 
3,087

 
CISCO SYSTEMS INC
 
COMMON STOCK
 
 
 
3,447

 
COMCAST CORP CL A
 
COMMON STOCK
 
 
 
5,126

 
CONCHO RESOURCES INC
 
COMMON STOCK
 
 
 
1,277

 
CORNING INC
 
COMMON STOCK
 
 
 
880

 
DANAHER CORP
 
COMMON STOCK
 
 
 
835

 
DELL TECHNOLOGIES INC CL V
 
COMMON STOCK
 
 
 
1,545

 
DISH NETWORK CORP A
 
COMMON STOCK
 
 
 
1,098

 
EXPRESS SCRIPTS HLDG CO
 
COMMON STOCK
 
 
 
3,583

 
FEDEX CORP
 
COMMON STOCK
 
 
 
3,768

 
GILEAD SCIENCES INC
 
COMMON STOCK
 
 
 
1,547

 
GLAXOSMITHKLINE PLC SPONS ADR
 
COMMON STOCK
 
 
 
2,554

 
GOLDMAN SACHS GROUP INC
 
COMMON STOCK
 
 
 
4,204

 
HARLEY-DAVIDSON INC
 
COMMON STOCK
 
 
 
657

 
HEWLETT PACKARD ENTERPRISE CO
 
COMMON STOCK
 
 
 
3,343

 
HP INC
 
COMMON STOCK
 
 
 
2,559

 
JOHNSON CONTROLS INTERNATL PLC
 
COMMON STOCK
 
 
 
2,407

 
JPMORGAN CHASE & CO
 
COMMON STOCK
 
 
 
4,074

 
JUNIPER NETWORKS INC
 
COMMON STOCK
 
 
 
1,154

 
LIBERTY INTERACTIVE CORP CL A
 
COMMON STOCK
 
 
 
1,136

 
LILLY (ELI) & CO
 
COMMON STOCK
 
 
 
2,238

 
MATTEL INC
 
COMMON STOCK
 
 
 
731

 
MAXIM INTEGRATED PRODUCTS INC
 
COMMON STOCK
 
 
 
1,542

 
MEDTRONIC PLC
 
COMMON STOCK
 
 
 
1,954

 
MERCK & CO INC NEW
 
COMMON STOCK
 
 
 
1,350

 
METLIFE INC
 
COMMON STOCK
 
 
 
3,109

 
MICRO FOCUS INTL PLC SPND ADR
 
COMMON STOCK
 
 
 
1,074

 
MICROSOFT CORP
 
COMMON STOCK
 
 
 
4,705

 
NATIONAL OILWELL VARCO INC
 
COMMON STOCK
 
 
 
1,585

 
NETAPP INC
 
COMMON STOCK
 
 
 
996

 
NEWS CORP NEW CL A
 
COMMON STOCK
 
 
 
334

 
NOVARTIS AG SPON ADR
 
COMMON STOCK
 
 
 
4,265

 
OCCIDENTAL PETROLEUM CORP
 
COMMON STOCK
 
 
 
376

 
SANOFI SPON ADR
 
COMMON STOCK
 
 
 
4,128

 
SCHLUMBERGER LTD
 
COMMON STOCK
 
 
 
2,797

 
SCHWAB CHARLES CORP
 
COMMON STOCK
 
 
 
6,560

 
SPRINT CORP
 
COMMON STOCK
 
 
 
1,414

 
STATE STREET GOVERNMENT SHORT TERM INVESTMENT FUND
 
MUTUAL FUND
 
 
 
3,455

 
SYNOPSYS INC
 
COMMON STOCK
 
 
 
725

 
TARGET CORP
 
COMMON STOCK
 
 
 
1,605

 
TE CONNECTIVITY LTD
 
COMMON STOCK
 
 
 
2,233

 
THE BOOKING HOLDINGS INC
 
COMMON STOCK
 
 
 
1,912

 
TIME WARNER INC
 
COMMON STOCK
 
 
 
2,714

 
TWENTY FIRST CENTURY FOX CL B
 
COMMON STOCK
 
 
 
734

 
TWENTY FIRST CENTURY FOX INC-A
 
COMMON STOCK
 
 
 
3,384

 
UNION PACIFIC CORP
 
COMMON STOCK
 
 
 
2,649

 
UNITEDHEALTH GROUP INC
 
COMMON STOCK
 
 
 
3,086

 
WALMART INC
 
COMMON STOCK
 
 
 
751

 
WEATHERFORD INTERNATIONA PLC
 
COMMON STOCK
 
 
 
271

 
WELLS FARGO & CO
 
COMMON STOCK
 
 
 
6,068

 
ZAYO GROUP HOLDINGS INC
 
COMMON STOCK
 
 
 
1,122

 
NET PAYABLES
 
 
 
 
 
(221
)
 
 
DODGE & COX VALUE EQUITY FUND
 
$
165,029



S - 4


Attachment B
(In thousands)

 
Identity of Issuer
Maturity Dates
Interest Rates
Description
Current Value
 
ABBEY NATIONAL PLC
11/3/2020
2.1250%
BOND
$
1,190

 
ABBOTT LABS GLB
11/30/2021
2.9000%
BOND
91

 
ABBOTT LABS GLB
11/30/2021
2.9000%
BOND
835

 
ABBOTT LABS GLB
9/15/2018
2.0000%
BOND
100

 
ABBVIE INC
5/14/2021
2.3000%
BOND
397

 
ABBVIE INC
5/14/2020
2.5000%
BOND
1,550

 
ABBVIE INC
5/14/2023
2.8500%
BOND
798

 
ACCSS
6/22/2022
2.4819%
ASSET BACKED SECURITIES
157

 
ACTAVIS FUNDING SCS
3/15/2022
3.4500%
BOND
127

 
ACTAVIS FUNDING SCS
3/15/2022
3.4500%
BOND
3,017

 
ACTAVIS FUNDING SCS
3/15/2025
3.8000%
BOND
209

 
ACTAVIS FUNDING SCS
6/15/2024
3.8500%
BOND
410

 
ACTAVIS FUNDING SCS
3/12/2020
3.0000%
BOND
2,245

 
AEP TEXAS INC
10/1/2022
2.4000%
BOND
59

 
AESOP
9/20/2019
1.9200%
ASSET BACKED SECURITIES
1,098

 
AESOP
2/20/2021
2.5000%
ASSET BACKED SECURITIES
1,100

 
AETNA INC(OLD)
11/15/2022
2.7500%
BOND
15

 
AETNA INC(OLD)
11/15/2024
3.5000%
BOND
46

 
AIR LEASE CORP
4/1/2027
3.6250%
BOND
15

 
ALABAMA ECONOMIC SETTLEMENT AUTH BP SETT
9/15/2025
3.1630%
MUNICIPAL BOND
167

 
ALIBABA GROUP HOLDING LTD
12/6/2027
3.4000%
BOND
240

 
ALM XII LTD / ALM XII LLC
4/16/2027
3.3977%
ASSET BACKED SECURITIES
401

 
ALTRIA GROUP INC
1/31/2024
4.0000%
BOND
68

 
AMAZON.COM INC
2/22/2023
2.4000%
BOND
717

 
AMAZON.COM INC
8/22/2027
3.1500%
BOND
200

 
AMAZON.COM INC
8/22/2027
3.1500%
BOND
15

 
AMAZON.COM INC
12/5/2024
3.8000%
BOND
11

 
AMERICAN
7/15/2024
4.9500%
ASSET BACKED SECURITIES
520

 
AMERICAN EXPRESS CO
5/22/2018
1.5500%
BOND
724

 
AMERICAN EXPRESS CR ACC MST TR
11/15/2022
1.7700%
ASSET BACKED SECURITIES
1,041

 
AMERICAN EXPRESS CR ACC MST TR
11/15/2022
1.7700%
ASSET BACKED SECURITIES
793

 
AMERICAN EXPRESS CR ACC MST TR
12/15/2021
1.6400%
ASSET BACKED SECURITIES
1,293

 
AMERICAN EXPRESS CR ACC MST TR
12/15/2021
1.6400%
ASSET BACKED SECURITIES
2,189

 
AMERICAN EXPRESS CR ACC MST TR
5/15/2023
2.0400%
ASSET BACKED SECURITIES
398

 
AMERICAN EXPRESS CR ACC MST TR
5/15/2023
2.0400%
ASSET BACKED SECURITIES
1,618

 
AMERICAN EXPRESS CR CORP MTN
3/3/2022
2.7000%
BOND
502

 
AMERICAN EXPRESS CREDIT CORP
5/5/2021
2.2500%
BOND
1,389

 
AMERICAN INTERNATIONAL GRP INC
7/16/2019
2.3000%
BOND
1,319

 
AMERICAN INTL GROUP INC MTN
1/16/2018
5.8500%
BOND
365

 
AMERICAN TOWER CORP
2/15/2021
3.3000%
BOND
916

 
AMGEN INC
8/19/2021
1.8500%
BOND
419

 
AMGEN INC
5/11/2022
2.6500%
BOND
349

 
AMOT
1/15/2021
1.8300%
ASSET BACKED SECURITIES
3,143

 
AMOT
6/15/2022
2.0400%
ASSET BACKED SECURITIES
1,141

 
ANADARKO PETROLEUM CORP
3/15/2026
5.5500%
BOND
123

 
ANALOG DEVICES INC
12/5/2026
3.5000%
BOND
41

 
ANCHORAGE CAP CLO 3 LTD / ANCHORAGE CAP
4/28/2026
2.8080%
ASSET BACKED SECURITIES
800

 
ANCHORAGE CAP CLO 8 LTD / ANCHORAGE CAP
7/28/2028
4.0088%
ASSET BACKED SECURITIES
752

 
ANDEAVOR LOGISTICS LP / ANDEAVOR LOGISTI
12/1/2027
4.2500%
BOND
15

 
ANDEAVOR LOGISTICS LP / ANDEAVOR LOGISTI
12/1/2022
3.5000%
BOND
25

 
ANDEAVOR LOGISTICS LP / ANDEAVOR LOGISTI
12/1/2022
3.5000%
BOND
185

 
ANDEAVOR LOGISTICS LP / ANDEAVOR LOGISTI
10/15/2022
6.2500%
BOND
108

 
ANHUESER-BUSCH INBEV FIN INC
2/1/2021
2.6500%
BOND
804

 
ANHUESER-BUSCH INBEV FIN INC
2/1/2021
2.6500%
BOND
1,130

 
ANHUESER-BUSCH INBEV FIN INC
2/1/2021
2.6500%
BOND
266

 
ANHUESER-BUSCH INBEV FIN INC
2/1/2023
3.3000%
BOND
1,202

 
ANTHEM INC
11/21/2020
2.5000%
BOND
25

 
ANTHEM INC
12/1/2022
2.9500%
BOND
60

 
ANTHEM INC
12/1/2027
3.6500%
BOND
112

 
ANTHEM INC
1/15/2018
1.8750%
BOND
535

 
AON PLC
12/15/2025
3.8750%
BOND
92

 
APACHE CORP
1/15/2023
2.6250%
BOND
270

 
APACHE CORP
4/15/2022
3.2500%
BOND
655

 
APPLE COMPUTER INC
2/23/2021
2.2500%
BOND
1,148

 
APPLE COMPUTER INC
8/4/2026
2.4500%
BOND
105

 
APPLE COMPUTER INC
2/23/2026
3.2500%
BOND
20

 
APPLIED MATERIALS INC
10/1/2025
3.9000%
BOND
21

 
ARBOR RLTY COML REAL ESTATE NTS 2017-FL1
4/15/2027
3.3733%
ASSET BACKED SECURITIES
859

 
ARES XXXIX CLO LTD / ARES XXXIX CLO LLC
7/18/2028
3.2641%
ASSET BACKED SECURITIES
754

 
ARIZONA PUBLIC SERVICE
9/15/2027
2.9500%
BOND
99

 
ARIZONA PUBLIC SERVICE
1/15/2020
2.2000%
BOND
349

 
ARROW ELECTRONIC INC
3/1/2018
3.0000%
BOND
250

 
AT&T INC
6/30/2020
2.4500%
BOND
1,368

 
AT&T INC
2/15/2022
3.0000%
BOND
200


S - 5


Attachment B
(In thousands)

 
Identity of Issuer
Maturity Dates
Interest Rates
Description
Current Value
 
AT&T INC
3/1/2022
3.2000%
BOND
455

 
AT&T INC
2/17/2023
3.6000%
BOND
716

 
AT&T INC
3/15/2022
3.8000%
BOND
966

 
AT&T INC
8/14/2027
3.9000%
BOND
20

 
AT&T INC
2/17/2026
4.1250%
BOND
153

 
AT&T INC
2/1/2018
5.5000%
BOND
167

 
AT&T INC
5/15/2018
5.6000%
BOND
65

 
AT&T INC
10/1/2019
5.8750%
BOND
238

 
AT&T INC
2/14/2023
3.2450%
BOND
1,109

 
ATLAS SR LN FD III LTD / ATLAS SR LN FD
11/17/2027
3.1506%
ASSET BACKED SECURITIES
500

 
AUTODESK INC
6/15/2027
3.5000%
BOND
15

 
AUTOMATIC DATA PROCESSING INC
9/15/2020
2.2500%
BOND
802

 
AUTOMATIC DATA PROCESSING INC
9/15/2025
3.3750%
BOND
129

 
AVIATION
9/17/2018
2.8750%
BOND
271

 
AVNET INC
4/15/2026
4.6250%
BOND
10

 
BAE SYSTEMS
12/15/2020
2.8500%
BOND
50

 
BAE SYSTEMS
12/15/2025
3.8500%
BOND
21

 
BAKER HUGHES INC
12/15/2022
2.7730%
BOND
375

 
BAKER HUGHES INC
12/15/2027
3.3370%
BOND
275

 
BANK AMER NA CHARLOTTE NC MTN
6/5/2018
1.7500%
BOND
640

 
BANK NEW YORK MELLON CORP MTN
5/4/2026
2.8000%
BOND
29

 
BANK NEW YORK MELLON CORP MTN
2/7/2028
3.4420%
BOND
144

 
BANK NEW YORK MELLON CORP MTN
5/3/2021
2.0500%
BOND
54

 
BANK OF AMERICA CORPORATION
5/1/2018
5.6500%
BOND
744

 
BANK OF AMERICA CORPORATION
5/12/2018
1.9500%
BOND
130

 
BANK OF AMERICA CORPORATION
4/21/2020
2.2500%
BOND
568

 
BANK OF AMERICA CORPORATION
4/21/2020
2.2500%
BOND
771

 
BANK OF AMERICA CORPORATION
1/11/2023
3.3000%
BOND
204

 
BANK OF AMERICA CORPORATION
4/1/2024
4.0000%
BOND
287

 
BANK OF AMERICA CORPORATION
4/1/2024
4.0000%
BOND
497

 
BANK OF AMERICA CORPORATION
1/15/2019
2.6000%
BOND
83

 
BANK OF AMERICA CORPORATION
1/15/2019
2.6000%
BOND
290

 
BANK OF AMERICA CORPORATION
10/1/2021
2.3280%
BOND
688

 
BANK OF AMERICA CORPORATION
10/21/2022
2.5030%
BOND
742

 
BANK OF AMERICA CORPORATION
1/20/2023
3.1240%
BOND
1,344

 
BANK OF AMERICA CORPORATION
10/21/2027
3.2480%
BOND
347

 
BANK OF AMERICA CORPORATION
8/1/2025
3.8750%
BOND
37

 
BANK OF AMERICA CORPORATION
1/11/2018
2.0000%
BOND
169

 
BANK OF AMERICA CORPORATION
1/11/2018
2.0000%
BOND
1,300

 
BANK OF AMERICA CORPORATION
7/21/2021
2.3690%
BOND
524

 
BANK OF AMERICA CORPORATION
12/20/2023
3.0040%
BOND
492

 
BANK OF AMERICA CORPORATION
12/20/2023
3.0040%
BOND
1,728

 
BANK OF AMERICA CORPORATION
12/20/2028
3.4190%
BOND
242

 
BANK OF AMERICA CORPORATION
12/20/2028
3.4190%
BOND
217

 
BANK OF NEW YORK MTN
2/24/2025
3.0000%
BOND
65

 
BANK OF NEW YORK MTN
5/15/2024
3.4000%
BOND
223

 
BANK OF NEW YORK MTN
2/1/2021
4.1500%
BOND
1,365

 
BANK OF NEW YORK MTN
8/17/2020
2.6000%
BOND
192

 
BANK OF NOVA SCOTIA
4/26/2021
1.8750%
BOND
98

 
BANK OF TOKYO-MITSUBISHI NEW Y ORK BRANC
1/25/2018
1.7000%
CERTIFICATE OF DEPOSIT
1,380

 
BANK TOKYO-MITSUBISHI UFJ LTD
9/14/2018
2.1500%
BOND
450

 
BANQUE FED
7/20/2022
2.7000%
BOND
646

 
BARCLAYS PLC
1/12/2021
3.2500%
BOND
1,050

 
BARCLAYS PLC
3/16/2025
3.6500%
BOND
1,996

 
BAT CAPITAL CORP
8/15/2022
2.7640%
BOND
2,461

 
BAT CAPITAL CORP
8/15/2022
2.7640%
BOND
1,233

 
BAT CAPITAL CORP
8/15/2024
3.2220%
BOND
1,075

 
BAT CAPITAL CORP
8/15/2027
3.5570%
BOND
851

 
BAT CAPITAL CORP
8/15/2027
3.5570%
BOND
70

 
BAT CAPITAL CORP
8/15/2022
3.2225%
BOND
2,935

 
BATTALION CLO IV LTD / BATTALION CLO IV
10/22/2025
2.8847%
ASSET BACKED SECURITIES
301

 
BATTALION CLO VII LTD / BATTALION CLO VI
10/17/2026
3.5428%
ASSET BACKED SECURITIES
301

 
BAYER US
10/8/2019
2.3750%
BOND
1,041

 
BAYVIEW OPPORTUNITY MASTER FUND IIIB TRU
11/25/2027
3.8999%
ASSET BACKED SECURITIES
168

 
BAYVIEW OPPORTUNITY MASTER FUND IVB TRUS
10/25/2028
4.0269%
ASSET BACKED SECURITIES
326

 
BB&T CORPORATION
2/1/2021
2.1500%
BOND
1,040

 
BBCMS MTG TR 2017-C1
2/15/2050
3.6740%
ASSET BACKED SECURITIES
182

 
BEAR STEARNS COS INC
7/2/2018
4.6500%
BOND
146

 
BEAR STEARNS COS INC
2/1/2018
7.2500%
BOND
380

 
BECTON DICKINSON & CO
6/6/2022
2.8940%
BOND
497

 
BECTON DICKINSON & CO
6/6/2024
3.3630%
BOND
401

 
BELLEMEADE RE 2017-1 LTD
10/25/2027
3.6683%
ASSET BACKED SECURITIES
192

 
BENEFIT STR PARTNERS CLO XII LTD / LLC
10/15/2030
3.5977%
ASSET BACKED SECURITIES
500

 
BERKSHIRE HATHAWAY INC DEL
3/15/2023
2.7500%
BOND
30


S - 6


Attachment B
(In thousands)

 
Identity of Issuer
Maturity Dates
Interest Rates
Description
Current Value
 
BERKSHIRE HATHAWAY INC DEL
3/15/2026
3.1250%
BOND
25

 
BGC PARTNERS INC
5/27/2021
5.1250%
BOND
1,163

 
BHP BL
10/19/2075
6.2500%
BOND
125

 
BLACK HILLS CORP
1/15/2027
3.1500%
BOND
10

 
BLACK HILLS CORP
1/11/2019
2.5000%
BOND
321

 
BMW US
9/15/2021
1.8500%
BOND
634

 
BNP PARIBAS
1/15/2021
5.0000%
BOND
269

 
BNP PARIBAS
1/10/2024
3.8000%
BOND
207

 
BNP PARIBAS MTN BE
5/21/2020
2.3750%
BOND
275

 
BNP PARIBAS SR NON PFD 144A MED TERM NT
5/23/2022
2.9500%
BOND
275

 
BNP PARIBAS SR NON PFD 144A MED TERM NT
5/23/2022
2.9500%
BOND
531

 
BOSTON SCIENTIFIC CORP
5/15/2025
3.8500%
BOND
617

 
BOSTON SCIENTIFIC CORP
10/1/2023
4.1250%
BOND
314

 
BPCE SA
7/15/2019
2.5000%
BOND
552

 
BPCE SA
1/27/2020
2.2500%
BOND
399

 
BPCE SR MTN
10/23/2027
3.5000%
BOND
246

 
BRAZOS
3/27/2023
1.8346%
ASSET BACKED SECURITIES
1,986

 
BRITISH SKY BROADCASTING GROUP
9/16/2019
2.6250%
BOND
200

 
BRITISH TELECOMMUNICATION PLC
1/15/2018
5.9500%
BOND
366

 
BROADCOM CORP / BROADCOM CAYMAN FIN LTD
1/15/2024
3.6250%
BOND
224

 
BROADCOM CORP / BROADCOM CAYMAN FIN LTD
1/15/2024
3.6250%
BOND
79

 
BROADCOM CORP / BROADCOM CAYMAN FIN LTD
1/15/2023
2.6500%
BOND
217

 
BROADCOM CORP / BROADCOM CAYMAN FIN LTD
1/15/2025
3.1250%
BOND
67

 
BROADCOM CORP / BROADCOM CAYMAN FIN LTD
1/15/2022
3.0000%
BOND
1,462

 
BROADCOM CORP / BROADCOM CAYMAN FIN LTD
1/15/2022
3.0000%
BOND
347

 
BROADCOM CORP / BROADCOM CAYMAN FIN LTD
1/15/2022
3.0000%
BOND
297

 
BROADCOM CORP / BROADCOM CAYMAN FIN LTD
1/15/2022
3.0000%
BOND
1,061

 
BSMC
4/17/2025
2.8813%
ASSET BACKED SECURITIES
463

 
BURLINGTON SANTA FE
4/1/2025
3.0000%
BOND
82

 
CABMT
7/17/2023
2.2500%
MR
1,103

 
CALIFORNIA ST
10/1/2039
7.3000%
MUNICIPAL BOND
75

 
CALIFORNIA ST
3/1/2040
7.6250%
MUNICIPAL BOND
94

 
CALIFORNIA ST
4/1/2022
2.3670%
MUNICIPAL BOND
817

 
CANADIAN NATL RESOURCES LTD
6/1/2027
3.8500%
BOND
153

 
CAPITAL ONE BK
11/21/2018
2.1500%
BOND
350

 
CAPITAL ONE BK
2/13/2019
2.2500%
BOND
250

 
CAPITAL ONE NATL ASN MCLEAN VA
7/23/2021
2.9500%
BOND
679

 
CAPITAL ONE NATL ASN MCLEAN VA
2/5/2018
1.6500%
BOND
370

 
CAPITAL ONE NATL ASN MCLEAN VA
3/22/2018
1.5000%
BOND
799

 
CARDS II TRUST
7/15/2021
2.6187%
ASSET BACKED SECURITIES
903

 
CARLYLE US CLO 2017-4 LTD / CARLYLE US C
1/15/2030
3.5277%
ASSET BACKED SECURITIES
250

 
CAS
9/25/2028
4.1097%
ASSET BACKED SECURITIES
173

 
CAS
1/25/2029
3.4097%
ASSET BACKED SECURITIES
296

 
CATAMARAN CLO 2014-1 LTD / CATAMARAN CLO
4/22/2030
3.6216%
ASSET BACKED SECURITIES
250

 
CATAMARAN CLO 2014-2 LTD / CATAMARAN CLO
10/18/2026
3.1341%
ASSET BACKED SECURITIES
250

 
CATERPILLAR FINL SVCS INC MTN
3/5/2020
2.0000%
BOND
1,244

 
CAVALRY CLO IV LTD / CAVALRY CLO IV LLC
10/15/2026
3.1977%
ASSET BACKED SECURITIES
500

 
CC HOLDINGS
4/15/2023
3.8490%
BOND
213

 
CD 2017-CD5 MTG TR
8/15/2050
3.4310%
ASSET BACKED SECURITIES
318

 
CDP FINL INC.
7/24/2024
3.1500%
BOND
752

 
CDP FINL INC.
11/25/2019
4.4000%
BOND
1,283

 
CELGENE CORP
8/15/2021
2.2500%
BOND
1,152

 
CENOVUS ENERGY
10/15/2019
5.7000%
BOND
500

 
CENTERPOINT ENERGY
9/1/2022
2.5000%
BOND
354

 
CGCMT
5/10/2047
2.9040%
ASSET BACKED SECURITIES
2,255

 
CGGS COML MTG TR 2016-RND
2/10/2033
2.7570%
ASSET BACKED SECURITIES
721

 
CGRBS
3/13/2035
3.3690%
ASSET BACKED SECURITIES
705

 
CHARTER COMM OPER LLC/CAP CORP
3/15/2028
4.2000%
BOND
134

 
CHARTER COMM OPER LLC/CAP CORP
7/23/2022
4.4640%
BOND
1,998

 
CHARTER COMM OPER LLC/CAP CORP
7/23/2025
4.9080%
BOND
127

 
CHASE ISSUANCE TR
4/15/2021
2.4433%
ASSET BACKED SECURITIES
1,506

 
CHASE ISSUANCE TR
6/15/2021
1.3700%
ASSET BACKED SECURITIES
1,287

 
CHASE ISSUANCE TR
7/15/2021
1.2700%
ASSET BACKED SECURITIES
904

 
CHEVRONTEXACO CORP
3/3/2024
2.8950%
BOND
50

 
CHICAGO IL
12/1/2040
6.8990%
MUNICIPAL BOND
2,034

 
CHICAGO IL
12/1/2040
6.8990%
MUNICIPAL BOND
2,034

 
CHUBB INA HOLDINGS INC
3/13/2023
2.7000%
BOND
109

 
CIGNA CORP
4/15/2025
3.2500%
BOND
125

 
CIM TR 2017-2
12/25/2057
3.9070%
ASSET BACKED SECURITIES
528

 
CIM TR 2017-3
1/25/2057
3.9070%
ASSET BACKED SECURITIES
826

 
CIMAREX ENERGY
6/1/2024
4.3750%
BOND
48

 
CIMAREX ENERGY
5/15/2027
3.9000%
BOND
164

 
CISCO SYSTEMS INC
9/20/2019
1.4000%
BOND
1,657

 
CISCO SYSTEMS INC
9/20/2019
1.4000%
BOND
693


S - 7


Attachment B
(In thousands)

 
Identity of Issuer
Maturity Dates
Interest Rates
Description
Current Value
 
CITIBANK CR CARD ISSUANCE TR
12/7/2023
2.4127%
ASSET BACKED SECURITIES
505

 
CITIBANK CR CARD ISSUANCE TR
5/14/2029
2.8273%
ASSET BACKED SECURITIES
384

 
CITIBANK CR CARD ISSUANCE TR
8/8/2024
2.2927%
ASSET BACKED SECURITIES
713

 
CITIBANK CR CARD ISSUANCE TR
1/23/2023
2.8800%
ASSET BACKED SECURITIES
830

 
CITIBANK CR CARD ISSUANCE TR
4/7/2022
1.9200%
ASSET BACKED SECURITIES
1,640

 
CITIBANK CR CARD ISSUANCE TR
4/22/2026
2.5183%
ASSET BACKED SECURITIES
1,972

 
CITIBANK CR CARD ISSUANCE TR
4/22/2026
2.5183%
ASSET BACKED SECURITIES
910

 
CITIBANK NA
10/20/2020
2.1250%
BOND
990

 
CITIBANK NA
9/18/2019
1.8500%
BOND
288

 
CITIGROUP COML MTG TR 2016-GC36
2/10/2049
2.2920%
ASSET BACKED SECURITIES
1,789

 
CITIGROUP COMMERCIAL MORTGAGE TRUST
4/15/2049
3.1270%
ASSET BACKED SECURITIES
1,196

 
CITIGROUP COMMERCIAL MORTGAGE TRUST 2016
8/10/2049
2.7100%
ASSET BACKED SECURITIES
990

 
CITIGROUP COMMERCIAL MORTGAGE TRUST 2016
12/10/2049
3.6540%
ASSET BACKED SECURITIES
1,034

 
CITIGROUP INC
9/26/2018
2.5000%
BOND
1,284

 
CITIGROUP INC
10/26/2020
2.6500%
BOND
141

 
CITIGROUP INC
7/24/2023
2.8760%
BOND
119

 
CITIGROUP INC
2/5/2018
1.8000%
BOND
640

 
CITIGROUP INC
12/7/2018
2.0500%
BOND
121

 
CITIGROUP INC
2/18/2020
2.4000%
BOND
120

 
CITIGROUP INC
3/30/2021
2.7000%
BOND
1,504

 
CITIGROUP INC
4/25/2022
2.7500%
BOND
1,247

 
CITIGROUP INC
4/25/2022
2.7500%
BOND
240

 
CITIGROUP INC
4/25/2022
2.7500%
BOND
589

 
CITIZENS BANK NA
5/13/2021
2.5500%
BOND
697

 
CITIZENS FINANCIAL GROUP
7/28/2021
2.3750%
BOND
99

 
CMS ENERGY CORP
5/15/2026
3.0000%
BOND
20

 
CNOOC FINANCE
5/9/2018
1.7500%
BOND
214

 
COACH INC
7/15/2027
4.1250%
BOND
30

 
COLD STORAGE TR 2017-ICE3
4/15/2036
3.0733%
ASSET BACKED SECURITIES
1,604

 
COMCAST CORP NEW
1/15/2022
1.6250%
BOND
48

 
COMCAST CORP NEW
2/15/2028
3.1500%
BOND
161

 
COMCAST CORP NEW
2/15/2018
5.8750%
BOND
301

 
COMCAST CORP NEW
3/1/2020
5.1500%
BOND
191

 
COMET
2/15/2022
2.5233%
ASSET BACKED SECURITIES
1,708

 
COMET
6/17/2024
1.6600%
ASSET BACKED SECURITIES
1,413

 
COMET
6/17/2024
1.6600%
ASSET BACKED SECURITIES
1,170

 
COMM
2/10/2048
2.7930%
ASSET BACKED SECURITIES
1,762

 
COMM
2/10/2035
3.1780%
ASSET BACKED SECURITIES
448

 
COMM
10/10/2046
3.7650%
ASSET BACKED SECURITIES
577

 
COMM
5/10/2047
3.9770%
ASSET BACKED SECURITIES
259

 
COMM
7/15/2047
3.8280%
ASSET BACKED SECURITIES
173

 
COMM
6/10/2047
2.8440%
ASSET BACKED SECURITIES
2,015

 
CONCHO RESOURCES INC
10/1/2027
3.7500%
BOND
213

 
CONOCOPHILLIIPS
11/15/2024
3.3500%
BOND
57

 
CONSOLIDATED EDISON CO OF NY
4/1/2018
5.8500%
BOND
26

 
CONSTELLATION BRANDS INC
11/7/2022
2.6500%
BOND
495

 
CORE
2/10/2034
3.0770%
ASSET BACKED SECURITIES
594

 
CORP ANDINA DE FOMENTO
5/10/2019
2.0000%
BOND
289

 
CORP ANDINA DE FOMENTO
9/27/2021
2.1250%
BOND
411

 
CORP ANDINA DE FOMENTO
6/4/2019
8.1250%
BOND
80

 
CORP ANDINA DE FOMENTO
1/6/2023
2.7500%
BOND
114

 
COX COMMUNICATIONS INC
8/15/2024
3.1500%
BOND
93

 
CREDIT AGRICOLE S A LONDON BRH SR NON-PF
10/4/2024
3.2500%
BOND
248

 
CREDIT AGRICOLE S A LONDON BRH SR NON-PF
1/10/2022
3.3750%
BOND
254

 
CREDIT SUISSE
5/28/2019
2.3000%
BOND
1,977

 
CREDIT SUISSE GROUP FUNDING GUERNSEY LTD
4/16/2021
3.4500%
BOND
256

 
CROWN CASTLE INTL CORP
4/15/2022
4.8750%
BOND
751

 
CSAIL 2016-C6 COML MTG TR
1/15/2049
2.6619%
ASSET BACKED SECURITIES
901

 
CSAIL 2016-C6 COML MTG TR
1/15/2049
2.8233%
ASSET BACKED SECURITIES
686

 
CSAIL 2016-C7 COML MTG TR
11/15/2049
2.6082%
ASSET BACKED SECURITIES
1,184

 
CSMC TR 2015-GLPB
11/15/2034
3.6393%
ASSET BACKED SECURITIES
728

 
CSX CORP
6/1/2027
3.2500%
BOND
100

 
CVS CORP
12/5/2018
2.2500%
BOND
300

 
CVS CORP
6/1/2026
2.8750%
BOND
407

 
CVS CORP
7/20/2018
1.9000%
BOND
325

 
CVS CORP
7/20/2020
2.8000%
BOND
3,384

 
CVS CORP
7/20/2025
3.8750%
BOND
129

 
CWABS INC
11/25/2034
2.6771%
ASSET BACKED SECURITIES
119

 
DAIMLER FIN NORTH AMER LLC
3/2/2020
2.2500%
BOND
498

 
DAIMLER FIN NORTH AMER LLC
1/6/2022
2.8500%
BOND
1,406

 
DAIMLER FIN NORTH AMER LLC
8/3/2020
2.7000%
BOND
326

 
DANAHER CORP
9/15/2020
2.4000%
BOND
803

 
DANONE
11/2/2021
2.0770%
BOND
196

 
DANSKE BANK
3/2/2022
2.7000%
BOND
526


S - 8


Attachment B
(In thousands)

</
 
Identity of Issuer
Maturity Dates
Interest Rates
Description
Current Value
 
DCENT
10/17/2022
1.9000%
ASSET BACKED SECURITIES
646

 
DCENT
10/16/2023
1.8500%
ASSET BACKED SECURITIES
1,134

 
DCENT
7/15/2024
2.3900%
ASSET BACKED SECURITIES
1,050

 
DCP MIDSTREAM OP
4/1/2019
2.7000%
BOND
492

 
DDR CORP
1/15/2021
3.5000%
BOND
193