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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Andeavor | NYSE:ANDV | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 153.50 | 0 | 01:00:00 |
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þ
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ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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TABLE OF CONTENTS
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Page
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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
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FINANCIAL STATEMENTS
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TESORO CORPORATION THRIFT PLAN
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STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
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December 31,
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||||||
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2016
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2015
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ASSETS
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Investments
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$
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1,149,979,852
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$
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1,079,903,367
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Total Investments
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1,149,979,852
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1,079,903,367
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Receivables:
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Employer contributions
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—
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23,747,386
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Notes receivable from participants
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30,710,361
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29,065,362
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Total Receivables
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30,710,361
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52,812,748
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Total Assets
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1,180,690,213
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1,132,716,115
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LIABILITIES
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Excess contributions payable
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(31,940
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)
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(25,905
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)
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Net Assets Available for Benefits
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$
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1,180,658,273
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$
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1,132,690,210
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FINANCIAL STATEMENTS
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TESORO CORPORATION THRIFT PLAN
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STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
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FOR THE YEAR ENDED DECEMBER 31, 2016
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ADDITIONS
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Contributions:
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Employer
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$
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36,058,811
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Participants
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72,175,516
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Participant Rollover
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9,918,247
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Total Contributions
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118,152,574
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Interest and dividends
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22,972,695
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Net depreciation in investment value
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(4,757,615
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)
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Interest income on notes receivable from participants
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1,275,607
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Transfer from Tesoro Acquisitions
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2,268,265
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Total Additions
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139,911,526
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DEDUCTIONS
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Benefit payments
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90,764,104
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Administrative expenses
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1,179,359
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Total Deductions
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91,943,463
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Net increase in net assets available for benefits
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47,968,063
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Net assets available for benefits:
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Beginning of year
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1,132,690,210
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End of year
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$
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1,180,658,273
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NOTES TO FINANCIAL STATEMENTS
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NOTES TO FINANCIAL STATEMENTS
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NOTES TO FINANCIAL STATEMENTS
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NOTES TO FINANCIAL STATEMENTS
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Assets at Fair Value as of December 31, 2016
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Level 1
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Level 2
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Level 3
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Total
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Tesoro Stock Fund
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$
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237,852,172
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$
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—
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$
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—
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$
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237,852,172
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Mutual Funds
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796,043,858
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—
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—
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796,043,858
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Plan Assets Measured at Fair Value
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$
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1,033,896,030
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$
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—
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$
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—
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$
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1,033,896,030
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Common/collective Trust Funds Measured at NAV
(1)
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116,083,822
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Total Plan Assets
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$
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1,149,979,852
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Assets at Fair Value as of December 31, 2015
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Level 1
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Level 2
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Level 3
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Total
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Tesoro Stock Fund
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$
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259,713,105
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$
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—
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$
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—
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$
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259,713,105
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Mutual Funds
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695,008,072
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—
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—
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695,008,072
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Plan Assets Measured at Fair Value
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$
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954,721,177
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$
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—
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$
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—
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$
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954,721,177
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Common/collective Trust Funds Measured at NAV
(1)
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125,182,190
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Total Plan Assets
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$
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1,079,903,367
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(1)
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Common Collective Trust Funds
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Common Collective Trust Name
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Investment Objective
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Types of Investments
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Restrictions
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Fidelity Managed Income Portfolio II
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Deliver safety and stability by preserving principal and accumulating earnings
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Benefit-Responsive Investment Contracts issued by insurance companies and other financial institutions, fixed income securities, and money market funds
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No restrictions; however, the Plan is required to provide a one year redemption notice to liquidate its entire share in the funds, such notice was provided in April 2016 to permit a change in this investment option in April 2017
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Artisan International Growth Trust Fund
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Seek long-term capital growth
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Publicly traded corporate equities, including common and preferred stocks, warrants, and depository receipts, of non-U.S. companies across a broad capitalization range
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No restrictions; however, the Trustee reserves the right to require five business days advance written notice from the Plan for withdrawal
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Boston Partners Large Cap Value Equity Fund (previously, "Robeco Large Cap Value Equity Fund")
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Outperform its benchmark index, the Russell 1000 Value Index
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Equity securities of U.S. and non-U.S. issuers, including, without limitation, American Depository Receipts on non-U.S. issuers, that are denominated in U.S. dollars and trade in U.S. markets, including, without limitation, on U.S. exchanges or in the over-the-counter market
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No restrictions; however, the Trustee reserves the right to require five business days advance written notice from the Plan for withdrawal
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NOTES TO FINANCIAL STATEMENTS
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December 31,
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2016
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2015
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Number of shares
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2,658,406
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2,402,970
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Cost basis of shares
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$
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144,504,844
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$
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104,795,452
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SCHEDULE OF ASSETS
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TESORO CORPORATION THRIFT PLAN
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SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
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AS OF DECEMBER 31, 2016
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EIN: 95-0862768
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(a)
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(b)
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(c)
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(d)
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(e)
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Identity of Issue,
Borrower, Lessor
or Similar Party
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Description of Investment Including Maturity Date,
Rate of Interest, Collateral,
Par or Maturity Value
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Cost
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Current Value
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Common Stock
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*
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Tesoro Stock Fund
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**
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$
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237,852,172
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Total Common Stock
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237,852,172
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Mutual Funds
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Equities
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*
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Fidelity 500 Index Institutional
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**
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137,097,631
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*
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Fidelity Contrafund K
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**
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97,148,176
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*
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Fidelity Puritan K
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**
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65,225,607
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Total Large Capital Equity Funds
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299,471,414
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*
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Fidelity Extended Market Index Advantage
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**
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55,203,318
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Westwood SMidCap Institutional
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**
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31,704,088
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William Blair SMid Cap Growth I
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**
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24,162,886
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*
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Fidelity Strategic Real Return Fund
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**
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1,059,239
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Total Small/Mid Capital Equity Funds
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112,129,531
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*
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Fidelity International Index Institutional
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**
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53,839,648
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Total International Equity Funds
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53,839,648
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Target Date Funds
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*
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Fidelity Freedom Index Income IPR
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**
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1,723,448
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*
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Fidelity Freedom Index 2005 IPR
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**
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205,670
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*
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Fidelity Freedom Index 2010 IPR
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**
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424,044
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*
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Fidelity Freedom Index 2015 IPR
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**
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8,084,256
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*
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Fidelity Freedom Index 2020 IPR
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**
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30,713,296
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*
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Fidelity Freedom Index 2025 IPR
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**
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34,972,030
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*
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Fidelity Freedom Index 2030 IPR
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**
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31,068,632
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*
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Fidelity Freedom Index 2035 IPR
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**
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29,378,153
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*
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Fidelity Freedom Index 2040 IPR
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**
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23,663,606
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*
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Fidelity Freedom Index 2045 IPR
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**
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27,432,680
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*
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Fidelity Freedom Index 2050 IPR
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**
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24,925,313
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*
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Fidelity Freedom Index 2055 IPR
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**
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3,859,790
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*
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Fidelity Freedom Index 2060 IPR
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**
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943,134
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Total Target Date Funds
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217,394,052
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SCHEDULE OF ASSETS
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Fixed Income
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Vanguard Total Bond Market Index Institutional
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**
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64,717,733
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PIMCO Total Return Institutional
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**
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30,452,103
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Vanguard Federal Money Market Fund
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**
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4,106,196
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Vanguard Inflation-Protected Securities Fund
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**
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11,085,039
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Vanguard Short-Term Bond Index Fund
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**
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2,848,142
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Total Fixed Income Funds
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113,209,213
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Common Collective Trust Funds
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*
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Fidelity Managed Income Portfolio II
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**
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60,540,670
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Artisan International Growth Trust Fund
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**
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28,756,317
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Boston Partners Large Cap Value Equity Fund
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**
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26,786,835
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Total Common Collective Trust Funds at Net Asset Value
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116,083,822
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*
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Participant loans
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Varying maturity dates with interest rates ranging from 4.25% to 9.75%
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|
**
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30,710,361
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Total
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$
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1,180,690,213
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*
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Indicates party-in-interest
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**
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Cost information is not required for participant-directed investments and, therefore, is not included.
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TESORO CORPORATION THRIFT PLAN
|
|||
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By:
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/s/ ROB A. PATTERSON
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Rob A. Patterson
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Chairman of the Tesoro Corporation Employee Benefits Committee and Vice President, Compensation, Benefits & H.R.I.S.
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EXHIBIT INDEX
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Exhibit Number
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Description of the Exhibit
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23.1
|
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1 Year Andeavor Chart |
1 Month Andeavor Chart |
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