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Share Name | Share Symbol | Market | Type |
---|---|---|---|
McDonalds Corp | NYSE:MCD | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
1.39 | 0.51% | 274.43 | 276.43 | 270.05 | 271.38 | 4,843,544 | 00:22:51 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 11-K
FOR ANNUAL REPORTS OF EMPLOYEE STOCK PURCHASE, SAVINGS AND
SIMILAR PLANS PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
(Mark One)
☒ | Annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934 |
For the fiscal year ended December 31, 2016
Or
☐ | Transition report pursuant to Section 15(d) of the Securities Exchange Act of 1934 |
For the transition period from to
Commission file number 001-5231
A. | Full title of the plan and the address of the plan, if different from that of the issuer named below. |
McDONALDS 401K PLAN
(formerly known as the McDONALDS CORPORATION PROFIT SHARING AND SAVINGS PLAN)
B. | Name of issuer of the securities held pursuant to the plan and the address of its principal executive office. |
McDonalds Corporation
McDonalds Plaza
Oak Brook, Illinois 60523
McDONALDS CORPORATION
PROFIT SHARING AND SAVINGS PLAN
FINANCIAL STATEMENTS
December 31, 2016 and 2015
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
McDonalds Corporation
Profit Sharing Administrative Committee
Oak Brook, Illinois
We have audited the accompanying statements of net assets available for benefits of the McDonalds Corporation Profit Sharing and Savings Plan as of December 31, 2016 and 2015, and the related statement of changes in net assets available for benefits for the year ended December 31, 2016. These financial statements are the responsibility of the Plans management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2016 and 2015, and the changes in net assets available for benefits for the year ended December 31, 2016 in conformity with U.S. generally accepted accounting principles.
The supplemental Schedule H, Line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2016 has been subjected to audit procedures performed in conjunction with the audit of McDonalds Corporation Profit Sharing and Savings Plans financial statements. The supplemental schedule is the responsibility of the Plans management. Our audit procedures included determining whether the information presented in the supplemental schedule reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedule. In forming our opinion on the supplemental schedule, we evaluated whether the supplemental schedule, including its form and content, is presented in conformity with the Department of Labors Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental schedule is fairly stated in all material respects in relation to the financial statements as a whole.
/s/ Crowe Horwath LLP
Oak Brook, Illinois
June 26, 2017
1.
McDONALDS CORPORATION PROFIT SHARING AND SAVINGS PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS
December 31, 2016
(Amounts in thousands)
Participant- | ESOP | |||||||||||||||
Directed
Investments |
Allocated
Account |
Unallocated
Account |
Total
2016 |
|||||||||||||
ASSETS |
||||||||||||||||
Investments, at fair value |
||||||||||||||||
US Treasury Securities |
$ | 18,927 | $ | | $ | | $ | 18,927 | ||||||||
Mortgage backed securities |
23,184 | | | 23,184 | ||||||||||||
Corporate bonds |
12,150 | | | 12,150 | ||||||||||||
Mutual funds |
242,101 | | | 242,101 | ||||||||||||
American depository receipts and common stock other than McDonalds Corporation common stock |
213,909 | | | 213,909 | ||||||||||||
McDonalds Corporation common stock |
869,782 | 339,362 | 33,757 | 1,242,901 | ||||||||||||
Collective funds |
923,188 | 4,724 | 509 | 928,421 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total investments, at fair value |
2,303,241 | 344,086 | 34,266 | 2,681,593 | ||||||||||||
Investments, at contract value |
452,319 | | | 452,319 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total investments |
2,755,560 | 344,086 | 34,266 | 3,133,912 | ||||||||||||
Receivables |
||||||||||||||||
Company contributions |
14 | | | 14 | ||||||||||||
Accrued income |
968 | 3 | | 971 | ||||||||||||
Pending trades due from brokers |
581 | | | 581 | ||||||||||||
Other receivables |
68 | 6 | | 74 | ||||||||||||
Interfund receivables |
17 | (17 | ) | | | |||||||||||
Participant loans |
28,499 | | | 28,499 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total receivables |
30,147 | (8 | ) | | 30,139 | |||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total assets |
2,785,707 | 344,078 | 34,266 | 3,164,051 | ||||||||||||
LIABILITIES |
||||||||||||||||
Management expenses payable |
587 | 2 | | 589 | ||||||||||||
Pending trades due to brokers |
4,412 | | | 4,412 | ||||||||||||
Accrued interest expense |
| | 168 | 168 | ||||||||||||
Notes payable |
| | 5,142 | 5,142 | ||||||||||||
Other liabilities |
2,120 | | | 2,120 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total liabilities |
7,119 | 2 | 5,310 | 12,431 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
NET ASSETS AVAILABLE FOR BENEFITS |
$ | 2,778,588 | $ | 344,076 | $ | 28,956 | $ | 3,151,620 | ||||||||
|
|
|
|
|
|
|
|
See accompanying notes to financial statements.
2.
McDONALDS CORPORATION PROFIT SHARING AND SAVINGS PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS
December 31, 2015
(Amounts in thousands)
Participant- | ESOP | |||||||||||||||
Directed
Investments |
Allocated
Account |
Unallocated
Account |
Total
2015 |
|||||||||||||
ASSETS |
||||||||||||||||
Investments, at fair value |
||||||||||||||||
Cash |
$ | 2 | $ | | $ | | $ | 2 | ||||||||
US Treasury Securities |
20,978 | | | 20,978 | ||||||||||||
Mortgage backed securities |
24,985 | | | 24,985 | ||||||||||||
Corporate bonds |
11,104 | | | 11,104 | ||||||||||||
Mutual funds |
227,659 | | | 227,659 | ||||||||||||
American depository receipts and common stock other than McDonalds Corporation common stock |
307,420 | | | 307,420 | ||||||||||||
McDonalds Corporation common stock |
885,135 | 351,711 | 60,111 | 1,296,957 | ||||||||||||
Collective funds |
824,749 | 5,691 | 970 | 831,410 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total investments, at fair value |
2,302,032 | 357,402 | 61,081 | 2,720,515 | ||||||||||||
Investments, at contract value |
451,928 | | | 451,928 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total investments |
2,753,960 | 357,402 | 61,081 | 3,172,443 | ||||||||||||
Receivables |
||||||||||||||||
Company contributions |
13,548 | | | 13,548 | ||||||||||||
Accrued income |
481 | | | 481 | ||||||||||||
Pending trades due from brokers |
423 | | | 423 | ||||||||||||
Interfund receivables |
148 | (148 | ) | | | |||||||||||
Participant loans |
33,311 | | | 33,311 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total receivables |
47,911 | (148 | ) | | 47,763 | |||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total assets |
2,801,871 | 357,254 | 61,081 | 3,220,206 | ||||||||||||
LIABILITIES |
||||||||||||||||
Management expenses payable |
695 | | | 695 | ||||||||||||
Pending trades due to brokers |
5,568 | | | 5,568 | ||||||||||||
Accrued interest expense |
| | 301 | 301 | ||||||||||||
Notes payable |
| | 9,233 | 9,233 | ||||||||||||
Other liabilities |
2,005 | 10 | | 2,015 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total liabilities |
8,268 | 10 | 9,534 | 17,812 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
NET ASSETS AVAILABLE FOR BENEFITS |
$ | 2,793,603 | $ | 357,244 | $ | 51,547 | $ | 3,202,394 | ||||||||
|
|
|
|
|
|
|
|
See accompanying notes to financial statements.
3.
McDONALDS CORPORATION PROFIT SHARING AND SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
Year ended December 31, 2016
(Amounts in thousands)
Participant- | ESOP | |||||||||||||||
Directed
Investments |
Allocated
Account |
Unallocated
Account |
Total
2016 |
|||||||||||||
Additions to net assets attributed to: |
||||||||||||||||
Net appreciation in fair value of investments |
$ | 113,194 | $ | 10,094 | $ | 1,697 | $ | 124,985 | ||||||||
Interest Income |
11,542 | | 3 | 11,545 | ||||||||||||
Dividends |
34,029 | 10,391 | 1,209 | 45,629 | ||||||||||||
Revenue Sharing |
89 | | | 89 | ||||||||||||
Commission recapture |
4 | | | 4 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Net investment income |
158,858 | 20,485 | 2,909 | 182,252 | ||||||||||||
Contributions |
||||||||||||||||
Company |
31,476 | 9,895 | 3,024 | 44,395 | ||||||||||||
Participant |
52,709 | | | 52,709 | ||||||||||||
Rollovers |
2,121 | | | 2,121 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total contributions |
86,306 | 9,895 | 3,024 | 99,225 | ||||||||||||
Interfund transfers-in |
13,702 | | | 13,702 | ||||||||||||
Participant loan interest income |
1,218 | | | 1,218 | ||||||||||||
Other |
153 | | | 153 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total net additions |
260,237 | 30,380 | 5,933 | 296,550 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Deductions from net assets attributed to: |
||||||||||||||||
Benefits paid to terminated participants and withdrawals |
272,044 | 29,757 | | 301,801 | ||||||||||||
Management and administrative expenses |
3,112 | 88 | | 3,200 | ||||||||||||
Interfund transfers-out |
| 13,702 | | 13,702 | ||||||||||||
Interest expense |
| 1 | 473 | 474 | ||||||||||||
Company matching with profit sharing forfeitures |
96 | | | 96 | ||||||||||||
Company matching with ESOP shares |
| | 28,051 | 28,051 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total deductions |
275,252 | 43,548 | 28,524 | 347,324 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Net increase/decrease |
(15,015 | ) | (13,168 | ) | (22,591 | ) | (50,774 | ) | ||||||||
Net assets available for benefits |
||||||||||||||||
Beginning of year |
2,793,603 | 357,244 | 51,547 | 3,202,394 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
End of year |
$ | 2,778,588 | $ | 344,076 | $ | 28,956 | $ | 3,151,620 | ||||||||
|
|
|
|
|
|
|
|
See accompanying notes to financial statements.
4.
NOTES TO FINANCIAL STATEMENTS
December 31, 2016 and 2015
NOTE 1 - DESCRIPTION OF PLAN
General : The McDonalds Corporation Profit Sharing and Savings Plan (the Plan) was amended and restated in its entirety as of January 1, 2015. The Plan has been amended two times subsequent to this date, on December 10, 2015 and September 9, 2016.
The Plan is administered by a committee of officers (Administrative Committee) appointed by the Chief Executive Officer of McDonalds Corporation (the Company or McDonalds). Effective January 1, 2016 Fiduciary Counselors oversees the McDonalds Common Stock Fund and the McDonalds ESOP Stock Fund under the Plan. Participants should refer to the Summary Plan Description and Prospectus for a complete description and up-to-date information.
Eligibility : In order to participate in the 401(k) feature of the Plan, all eligible employees must be at least 21 years of age, have a valid Social Security number, and be on the U.S. payroll of the Company or a participating employer. The term Company includes McDonalds Corporation and all participating employers in describing eligibility and contributions below.
Restaurant management employees and staff employees (including part-time staff employees) are eligible to make 401(k) contributions, up to 50% of eligible compensation, beginning the first day of the month after completing one full calendar month of employment. All other employees are eligible to make 401(k) contributions after one year of eligibility service as defined by the Plan document. Restaurant management employees, who are not contributing to the Plan, are enrolled automatically at a 1% contribution level as soon as they have completed one year of service and attained age 21. Matching contributions are provided to eligible employees after one year of eligibility service as defined by the Plan document.
Contributions : Each year, participants may contribute up to 50% of their eligible pre-tax annual compensation, as defined by the Plan subject to Internal Revenue Service (the IRS) annual limits. Highly compensated employees under IRS rules are not able to make 401(k) contributions in their second calendar year of employment until the first of the month on or after they complete one anniversary year with at least 1,000 hours of service under the Plan.
Participants who have attained age 50 before the end of the Plan year are eligible to make catch-up contributions subject to IRS limits, and in addition, may contribute more than 50% if payroll tax and other withholding requirements are met. In accordance with Plan procedures, participants may roll over money into the Plan if it is from a: Qualified Plan, Section 403(b) tax-sheltered annuity plan, Section 457 deferred compensation plan of a state or local government entity, SIMPLE 401(k) plan, Section 403(a) annuity plan, Traditional IRA, SIMPLE IRA with at least two years participation, IRA set up to receive a distribution from an eligible employer plan or Federal thrift plan under section 7701(j).
Participants direct the investment of their contributions and Company contributions into various investment options offered by the Plan. The investment funds under the Plan are Stable Value Fund, Intermediate Bond Fund, Global Bond Fund, Blended Stock/Bond Fund, Diversified Stock Fund, S&P 500 Index Fund, International Stock Fund, International Stock Index Fund, Real Estate Securities Fund, Small Cap Index Fund, Aggressive Stock Fund, McDonalds Common Stock Fund, and the McDonalds ESOP Stock Fund. No more than 20% of a participants future 401(k) contributions may be invested in the McDonalds Common Stock Fund.
The Company matches (after one year of eligibility service and attainment of age 21) 300% of the first 1% of eligible compensation (as defined by the Plan) and 100% of the next 4% of eligible compensation that a participant contributes to the Plan. ESOP shares, to the extent available, are used to make matching contributions.
(Continued)
5.
McDONALDS CORPORATION PROFIT SHARING AND SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2016 and 2015
NOTE 1 - DESCRIPTION OF PLAN (Continued)
A discretionary profit-sharing match may be contributed at the option of the Compensation Committee of the Board of Directors of the Company (the Board). For the year ended December 31, 2015, the Board approved a 2% discretionary profit sharing match to the Plan. The discretionary match was contributed after the end of the year, and allocated to participants eligible to share in matching contributions based on participant 401(k) contributions up to 1% of eligible compensation. For 2016, there was no discretionary match.
Participant Accounts : Participants can elect, on a daily basis, to have their account balances, as well as future deferrals and Company contributions, invested in 1% increments in one or any combination of the Plans investment funds, including Company stock. A participant may change how his/her existing account balance is invested at any time, but a participant may not transfer any amount into and out of the same fund more than two times within any rolling 90-day period. Participants are always able to transfer out of any fund into the Stable Value Fund even if they exceed this limit. For participants who are automatically enrolled, all contributions to the plan, both participant and company contributions, are invested in the Blended Stock/Bond Fund and after 30 days are managed by Guided Choice, a managed account provider, unless the participant makes an investment election.
Each participants account is credited with the participants contribution and allocations of (a) the Companys matching contribution and discretionary profit sharing match (if any) and (b) Plan earnings, and charged with an allocated portion of investment expenses. Allocations are based on participant earnings or account balances as defined in the Plan.
Leveraged Employee Stock Ownership Plan (Leveraged ESOP) : In September 1989, the Leveraged ESOP borrowed $200 million and used the proceeds of the loan to purchase 27,826,084 shares of McDonalds Series B Convertible Preferred Stock. The Preferred shares were redeemed by the Company for Common Stock in 1992 and 1995. In April 1991, the leveraged ESOP borrowed $100 million to purchase 12,075,468 shares of McDonalds Series C Convertible Preferred Stock, which were redeemed by the Company for Common Stock in 1995.
The Company is required to make sufficient cash contributions to the Plan to pay the principal and interest on the loans. Released ESOP shares are used to make matching Company allocations. The ESOP shares allocated to participant accounts are held by The Northern Trust Company (Northern Trust), the trustee of the Plan (Trustee). The unallocated ESOP shares are also held at Northern Trust as collateral for loans from the Company to the Plan. Unallocated ESOP dividends are invested in an interest-bearing account until the note payment is due. In 1999, the Leveraged ESOP loans were refinanced as discussed in Note 5, so that the last loan payment and allocation of ESOP Common Stock will occur in 2018.
During 2016, 231,479 shares were released from the unallocated ESOP shares with a fair value of approximately $28,051,000.
Vesting : All participants accounts under the Plan are 100% vested.
Diversification : All participants can elect to fully diversify all accounts in the Plan.
Loans : Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of their vested balance reduced by the participants highest outstanding loan balance during the preceding 12-month period. All loans are currently subject to a $75 processing fee. Loan terms range from 12 months up to 4.5 years. Participants may not have more than one loan from the Plan outstanding at any time. The loans are secured by the balance in the participants account and bear interest based on the prime rate in effect on the first day of the month in which the loan is requested, plus 1%. Principal and interest are paid ratably through payroll deductions.
(Continued)
6.
McDONALDS CORPORATION PROFIT SHARING AND SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2016 and 2015
NOTE 1 - DESCRIPTION OF PLAN (Continued)
Qualified Domestic Relations Orders (QDROs): QDROs received on or after January 1, 2016 will undergo a QDRO review and will be charged a processing fee of $550 for each QDRO. The $550 fee will be subtracted from the divorced participants account unless the QDRO states the fee is to be split between the participant and the alternate payee.
Payment of Benefits : Participants who terminate their employment with the Company and all other companies or entities that are owned or controlled 80% or more by the Company are entitled to receive the balance in their Plan accounts within a reasonable time following their termination. A terminated participant with benefits in excess of $1,000 will not receive a distribution from the Plan until age 70 1 ⁄ 2 unless an earlier distribution is elected.
Such accounts will continue to share in the allocation of investment income, and accounts will continue to be invested in accordance with the participants investment elections (See Note 1, Contributions). Distributions may be in the form of a lump sum or installment payments or a combination of lump sum and installment payments.
Participants who terminate employment after satisfying the requirements to make deferrals and are subsequently rehired can resume making deferrals as soon as administratively feasible.
Forfeitures : Amounts unclaimed for two years are considered forfeitures. These forfeitures, resulting from unclaimed amounts, are used to make a portion of the Company contribution.
In-Service Withdrawals : Participants 59 1 ⁄ 2 or older and terminated participants may withdraw all or any part of their account balances under the Plan at any time. Participants may also withdraw up to 100% of their ESOP, Profit Sharing, Investment Savings, Stock Sharing, and Rollover accounts at any time.
Pass Through Dividend Election : Participants may choose whether dividends earned on shares of McDonalds common stock will be paid directly to them in cash or reinvested in their accounts in McDonalds stock.
Voting : Participants may direct the Trustee to vote shares of McDonalds stock credited to their accounts as well as those shares not voted by other participants and unallocated shares held in the ESOP feature of the Plan.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Accounting : The financial statements of the Plan are prepared on the accrual basis of accounting.
Use of Estimates : The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Administrative Committee to make estimates and assumptions that affect the reported amounts of assets, liabilities, and changes therein, and disclosure of contingent assets and liabilities. Actual results could differ from those estimates.
(Continued)
7.
McDONALDS CORPORATION PROFIT SHARING AND SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2016 and 2015
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Investment Valuation : Other than fully benefit-responsive investment contracts which are valued at contract value, the Plans investments are reported at fair value. Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date.
Fair value is the price that would be received by the Plan for an asset or paid by the Plan to transfer a liability (an exit price) in an orderly transaction between market participants on the measurement date in the Plans principal or most advantageous market for the asset or liability. Fair value measurements are determined by maximizing the use of observable inputs and minimizing the use of unobservable inputs when measuring fair value. The hierarchy places the highest priority on unadjusted quoted market prices in active markets for identical assets or liabilities (level 1 measurements) and gives the lowest priority to unobservable inputs (level 3 measurements). The three levels of inputs within the fair value hierarchy are defined as follows:
| Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the Plan has the ability to access as of the measurement date. |
| Level 2: Significant other observable inputs other than level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. |
| Level 3: Significant unobservable inputs that reflect the Plans own assumptions about the assumptions that market participants would use in pricing an asset or liability. |
In some cases, a valuation technique used to measure fair value may include inputs from multiple levels of the fair value hierarchy. The lowest level of significant input determines the placement of the entire fair value measurement in the hierarchy.
The following are descriptions of the valuation methods and assumptions used for investments of the Plan.
Cash: Interest Bearing Cash held at Northern Trust is valued at quoted market prices (level 1 inputs).
U.S. Treasury securities : Fair values of U.S. Treasury bonds reflect the closing price reported in the active market in which the security is traded (level 1 inputs).
Mortgage-backed securities : Mortgage-backed securities (MBS) are types of asset-backed securities that are secured by a mortgage, or more commonly a collection (pool) of mortgages. The mortgages are sold to a group of individuals (a government agency or investment bank) that securitizes, or packages, the loans together into a security that can be sold to investors. The mortgages of MBS may be residential or commercial, depending on whether it is an Agency MBS or a Non-Agency MBS. The structure of an MBS may be known as pass-through, where the interest and principal payments from the borrower or homebuyer pass through it to the MBS holder, or it may be more complex, made up of a pool of other MBSs. Other types of MBS include collateralized mortgage obligations (CMOs, often structured as real estate mortgage investment conduits) and collateralized debt obligations (CDOs). These are classified within level 2 of the fair value hierarchy. Fair value is estimated based on models that consider the estimated cash flows of each debt tranche of the issuer, establish a benchmark yield, and develop an estimated tranche specific spread to the benchmark yield based on the unique attributes of the tranche including, but not limited to, the prepayment speed assumptions and attributes of the collateral.
(Continued)
8.
McDONALDS CORPORATION PROFIT SHARING AND SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2016 and 2015
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Corporate bonds : Corporate bonds are debt securities issued by corporations and sold to investors and are valued using recently executed transactions, market price quotations (where observable), bond spreads or credit default swap spreads. When observable price quotations are not available, fair value is determined based on cash flow models with yield curves, bond, or single-name credit default swap spreads and recovery rates based on collateral values as key inputs. Corporate bonds are categorized within level 2 of the fair value hierarchy.
Mutual funds: The fair values of mutual funds are valued at the daily closing price as reported by the fund. Mutual funds held by the Plan are open-end mutual funds that are registered with the Securities and Exchange Commission (level 1 inputs). These funds are required to publish their daily net asset value (NAV) and to transact at that price. The mutual funds held by the Plan are deemed to be actively traded.
American Depository Receipts, Common Stocks including McDonalds common stock : The fair values of American Depository Receipts (ADR) and publicly traded common stocks are determined by obtaining quoted prices on nationally recognized securities exchanges (level 1 inputs).
Collective trusts : The fair values of investments in collective trusts are valued as determined by the custodian based on their net asset values and recent transaction prices. The investment objectives and underlying investments of the collective trusts vary, with some holding short term investments for principal preservation, diversified portfolios of domestic or international stocks, some holding securities of companies in a particular industry sectors, some holding short-term and/or medium-term corporate, government and government agency bonds, some holding a blend of asset back securities and corporate bonds, and others holding a blend of various domestic and international stocks. Each collective trust provides for daily redemptions by the Plan at reported net asset values per share, with no advance notice requirement.
(Continued)
9.
McDONALDS CORPORATION PROFIT SHARING AND SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2016 and 2015
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Investments measured at fair value on a recurring basis as of December 31, 2016 and 2015 are summarized below (amounts in thousands):
Assets at Fair Value as of December 31, 2016 | ||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | Total | |||||||||||||
Investment Type |
||||||||||||||||
US Treasury Securities |
$ | 18,927 | $ | | $ | | $ | 18,927 | ||||||||
Mortgage backed securities |
| 23,184 | | 23,184 | ||||||||||||
Corporate bonds |
| 12,150 | | 12,150 | ||||||||||||
Mutual Funds |
242,101 | | | 242,101 | ||||||||||||
ADR & Common stock, other than McDonalds Corp. |
213,909 | | | 213,909 | ||||||||||||
McDonalds Corp common stock |
1,242,901 | | | 1,242,901 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total assets in the fair value hierarchy |
1,717,838 | 35,334 | | 1,753,172 | ||||||||||||
Investments measured at net asset value (a) |
||||||||||||||||
Collective Trusts |
| | | 928,421 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Investments at fair value |
$ | 1,717,838 | $ | 35,334 | $ | | $ | 2,681,593 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Assets at Fair Value as of December 31, 2015 | ||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | Total | |||||||||||||
Investment Type |
||||||||||||||||
Cash |
$ | 2 | $ | | $ | | $ | 2 | ||||||||
US Treasury securities |
20,978 | | | 20,978 | ||||||||||||
Mortgage backed securities |
| 24,985 | | 24,985 | ||||||||||||
Corporate bonds |
| 11,104 | | 11,104 | ||||||||||||
Mutual Funds |
227,659 | | | 227,659 | ||||||||||||
ADR & Common stock, other than McDonalds Corp |
307,420 | | | 307,420 | ||||||||||||
McDonalds Corp common stock |
1,296,957 | | | 1,296,957 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total assets in the fair value hierarchy |
1,853,016 | 36,089 | | 1,889,105 | ||||||||||||
Investments measured at net asset value (a) |
||||||||||||||||
Collective Trusts |
| | | 831,410 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Investments at fair value |
$ | 1,853,016 | $ | 36,089 | $ | | $ | 2,720,515 | ||||||||
|
|
|
|
|
|
|
|
(a) | In accordance with Subtopic 820-10, certain investments that were measured at net asset value per share (or its equivalent) have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the line items presented in the statement of net assets available for benefits. |
(Continued)
10.
McDONALDS CORPORATION PROFIT SHARING AND SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2016 and 2015
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Participant Loans : Participant loans are reported at their unpaid principal balance plus any accrued but unpaid interest, with no allowance for credit losses, as repayments of principal and interest are received through payroll deductions and the notes are collateralized by the participants account balances.
Fair Value of Long-Term Debt : The fair value of the Plans long-term debt is estimated based on the current rates available to the Plan for debt of the same remaining maturities (level 2). As of December 31, 2016, the estimated fair value and carrying value of the Plans long-term debt was $5,554,000 and $5,142,000 respectively. As of December 31, 2015, the estimated fair value and carrying value of the Plans long-term debt was $10,145,000 and $9,233,000, respectively.
Unallocated Net Assets Available for Benefits : Unallocated net assets available for benefits represents the fair value of shares of McDonalds common stock purchased through the ESOP which have not been released for allocation to participants accounts offset by the balance of the debt issued by the ESOP. Unallocated net assets available for benefits are reduced by the fair value of the shares as they are allocated to participants as Company matching contributions.
Payment of Benefits : Benefits are recorded at the time of payment.
NOTE 3 FULLY BENEFIT RESPONSIVE INVESTMENT CONTRACTS
The Plan investments include a Stable Value Fund, managed by JPMorgan, which is a unitized fund established solely for the investment of assets of the Plan. The account is credited with earnings on the underlying investments and charged for Plan withdrawals and administrative expenses. The Stable Value Fund holds synthetic guaranteed investment contracts, with collective funds, US treasuries, mortgage backed securities, corporate bonds and short-term investments as underlying investments. These synthetic investment contracts are included in the financial statements at contract value. Contract value represents contributions made under the contracts, plus earnings, less participant withdrawals and administrative expenses.
The wrapper contracts within the Stable Value Fund specify certain conditions under which distributions from the contracts would be payable at amounts below contract value. Such circumstances include the termination of the Plan, a material adverse change to the provisions of the Plan, if the employer elects to withdraw from a wrapper contract in order to switch to a different investment provider, or if the terms of a successor plan (in the event of the spin-off or sale of a division) do not meet the wrapper contract issuers underwriting criteria for issuance of a clone wrapper contract. The contracts limit the circumstances under which the issuer may terminate the contracts. Examples of circumstances which would allow the issuer to terminate the contracts include the Plans loss of its qualified status, un-cured material breaches of responsibilities, or material and adverse changes to the provisions of the Plan. If one of these events were to occur, the issuer could terminate the contracts at the market value of the underlying investments. Currently, the occurrence of an event that would cause the Plan to transact contract distributions at less than contract value is not probable.
The crediting interest rates of the contracts are based on agreed-upon formulas with the issuers, as defined in the contract agreements, but cannot be less than zero. The interest rates are reviewed on a quarterly basis for resetting. The key factors that influence future interest crediting rates could include the following: the level of market interest rates; the amount and timing of participant contributions; transfers and withdrawals into/out of the contracts; and the duration of the underlying investments backing the contracts.
NOTE 4 - NONPARTICIPANT-DIRECTED INVESTMENTS
The nonparticipant directed net assets of the Plan and changes therein consist of those reflected in the financial statements as ESOP Unallocated Account.
(Continued)
11.
McDONALDS CORPORATION PROFIT SHARING AND SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2016 and 2015
NOTE 5 - NOTES PAYABLE
In September 1989, the Leveraged ESOP issued $200 million of 7.67% Guaranteed ESOP Notes, Series A, for 15 years with a final maturity of September 15, 2004. In April 1991, the Leveraged ESOP issued $100 million of 7.30% Guaranteed ESOP Notes, Series B, for 15 years with a final maturity of June 1, 2006. In November 1999, the Leveraged ESOP refinanced the outstanding debt for 19 years with a final maturity of July 15, 2018. The remaining outstanding ESOP Notes are loans directly between the ESOP and the Company. Principal and interest payments are made according to the applicable loan schedules. Dividends on the converted common stock and Company contributions are used to repay the loans.
The ESOP debt is collateralized by unallocated shares of McDonalds common stock, valued at $33,757,320 at December 31, 2016. The Company has no recourse against the assets of the ESOP, except for such collateralized shares, cash contributions to ESOP, and earnings attributable to such collateralized shares or contributions. The unallocated shares of McDonalds common stock may be released from collateral under certain circumstances without the consent of the Company.
Following are maturities of the ESOP debt for each of the next two years (amounts in thousands):
Series A | Series B | |||||||||||
Notes | Notes | Total | ||||||||||
2017 |
$ | 1,962 | $ | 988 | $ | 2,950 | ||||||
2018 |
1,458 | 734 | 2,192 | |||||||||
|
|
|
|
|
|
|||||||
Total over remaining life of notes |
$ | 3,420 | $ | 1,722 | $ | 5,142 | ||||||
|
|
|
|
|
|
NOTE 6 - PLAN TERMINATION
Although it has not expressed any intent to do so, the McDonalds Corporation has the right under the Plan to allow an employer to discontinue its contributions at any time and the Company may terminate the Plan subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA).
NOTE 7 - ADMINISTRATIVE FEES
The investment management and advisory fees applicable to each investment fund are netted against the related investment income before investment income is allocated to participants accounts. Fees for managed account services provided by an independent third-party are charged directly to participant accounts only for individuals that use this service. Revenue sharing received from investments in mutual funds is returned to participants invested in those funds. Administrative fees associated with the Plan are paid by the Company.
NOTE 8 - INCOME TAX STATUS
The Internal Revenue Service has determined and informed the Company by letter dated September 24, 2013, that the Plan and related trust are designed, including amendments adopted through October 18, 2012, in accordance with applicable sections of the Internal Revenue Code (IRC). Although the Plan has been amended and restated, effective January 1, 2015, plan management believes that the Plan is designed and being operated in compliance with the applicable requirements of the IRC. Therefore, they continue to believe that the Plan is qualified and the related trust was tax-exempt as of the financial statement date.
(Continued)
12.
McDONALDS CORPORATION PROFIT SHARING AND SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2016 and 2015
NOTE 8 - INCOME TAX STATUS (Continued)
Accounting principles generally accepted in the United States of America require plan management to evaluate tax positions taken by the Plan. Plan management has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2016 and 2015, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine audits by taxing authorities; however, there are currently no audits for any tax periods in progress.
NOTE 9 - TRANSACTIONS WITH PARTIES IN INTEREST
During 2016, the Plan received $38,650,233 in common stock dividends from the Company. The Leveraged ESOP loan discussed in Note 5, is intended to be an exempt loan under Section 408(b)(3) of ERISA and Section 4975(d)(3) of the IRC.
During 2016, fees totaling $3,200,000 were paid by the Plan to the managers of the investments held in the Plan and an advisor to Plan participants. These transactions qualify as party-in-interest transactions.
Certain Plan assets are held in participant loans or investments issued by Northern Trust, therefore these transactions qualify as party-in-interest. The Plan holds investments issued by various investment managers of the Plan; these qualify as party-in-interest. A portion of the Plans assets are also invested in Company stock.
Certain administrative functions are performed by officers or employees of the Company. No such officer or employee receives compensation from the Plan.
NOTE 10 - RISKS AND UNCERTAINTIES
The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market, liquidity and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants account balances and the amounts reported in the statements of net assets available for benefits.
(Continued)
13.
McDONALDS CORPORATION PROFIT SHARING AND SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2016 and 2015
NOTE 11 - FORM 5500 RECONCILIATION
Following is a reconciliation of net assets available for benefits per the financial statements at December 31, 2016 and 2015 to net assets per the Form 5500 (amounts in thousands):
2016 | 2015 | |||||||
Net assets available for benefits per the financial statements |
$ | 3,151,620 | $ | 3,202,394 | ||||
Adjustment from contract value to fair value for fully benefit responsive investment contracts |
(3,896 | ) | (3,569 | ) | ||||
|
|
|
|
|||||
Net assets per the Form 5500 |
$ | 3,147,724 | $ | 3,198,825 | ||||
|
|
|
|
Following is a reconciliation of the increase (decrease) in net assets available for benefits per the financial statements for the year ended December 31, 2016, to the net income per the Form 5500 (amounts in thousands):
Decrease in net assets available for benefits per the financial statements |
$ | (50,774 | ) | |
Change in the adjustment from contract value to fair value for fully benefit responsive investment contracts at December 31, 2016 |
(327 | ) | ||
|
|
|||
Net income per the Form 5500 |
$ | (51,101 | ) | |
|
|
NOTE 12 - SUBSEQUENT EVENTS
Effective January 1, 2017, the Plan has been amended and restated in its entirety. The Plan has been renamed the McDonalds 401k Plan.
Effective January 1, 2017, the Company match will be $1 for every $1 contributed up to a maximum of 6% of eligible compensation and a true-up Company match calculation will be performed at the end of each calendar year.
Effective January 1, 2017, five new investment options were added as follows; Growth Fund, Income Fund, Inflation Strategy Fund, Small & Mid Cap Equity Index Fund, and Bond Index Fund.
Effective January 13, 2017, eight investment options were eliminated as follows; Diversified Stock Fund, Aggressive Stock Fund, International Stock Fund, Real Estate Securities Fund, Intermediate Bond Fund, Global Bond Fund, Blended Stock/Bond Fund, and Small Company Index Fund.
Effective January 13, 2017 through January 18, 2017 a blackout period was in effect as the Plan transitioned to the new investment options.
(Continued)
14.
MCDONALDS CORPORATION, EIN 36-2361282
MCDONALDS CORPORATION PROFIT SHARING and SAVINGS PLAN, PLAN NUMBER 001
PLAN YEAR END DECEMBER 31, 2016
FORM 5500, SCHEDULE H, LINE 4I - SCHEDULE OF ASSETS HELD AT END OF YEAR
(b)(c) | (d) | (e) | ||||||
(a) |
IDENTITY OF ISSUER/DESCRIPTION |
COST** | MARKET VALUE | |||||
CORPORATE COMMON STOCKS & AMERICAN DEPOSITORY RECEIPTS |
||||||||
8X8 INC NEW COM |
49,392.20 | |||||||
ABBOTT LAB COM |
3,312,094.30 | |||||||
ACACIA COMMUNICATIONS INC COM |
58,539.00 | |||||||
ACLARIS THERAPEUTICS INC COM |
115,290.72 | |||||||
ADIDAS AG |
1,460,323.05 | |||||||
ADOBE SYS INC COM |
1,998,156.55 | |||||||
ADR ALIBABA GROUP HOLDING LTD SPONSORED ADS |
2,540,606.73 | |||||||
ADR GRUPO TELEVISA SA DE CV SPONSORED ADR REPSTG ORD PARTN SPONS ADR |
543,557.80 | |||||||
ADR INDUSTRIA DE DISENO TEXTIL INDITEX SA ADR ADR |
1,902,065.48 | |||||||
ADR ROYAL DUTCH SHELL PLC SPONSORED ADR REPSTG A SHS |
3,388,250.85 | |||||||
ADR SILICON MOTION TECHNOLOGY CORP SPONSORED ADR REPSTG SHS |
93,965.76 | |||||||
ADR TENCENT HLDGS LTD ADR |
2,467,000.76 | |||||||
ADR TOTAL SA |
2,239,621.80 | |||||||
ADR VODAFONE GROUP PLC NEW SPONSORED ADRNO PAR |
856,002.77 | |||||||
ADVANSIX INC COM |
41,291.10 | |||||||
AEGEAN MARINE PETROLEUM NETWORK INC COM STK USD0.01 |
53,033.75 | |||||||
AEGION CORP 10 |
2,066,805.90 | |||||||
AFFILIATED MANAGERS GROUP INC COM STK |
1,001,117.00 | |||||||
AGCO CORP COM |
1,754,546.64 | |||||||
AIR TRANS SVCS GROUP INC COM STK |
82,736.64 | |||||||
AIRGAIN INC COM |
44,164.80 | |||||||
ALBEMARLE CORP COM |
592,574.72 | |||||||
ALEXION PHARMACEUTICALS INC COM |
1,245,155.95 | |||||||
ALLERGAN PLC. COM STK |
3,175,141.19 | |||||||
ALPHABET INC CAP STK CL A CAP STK CL A |
2,527,123.05 | |||||||
ALPHABET INC CAP STK CL C CAP STK CL C |
5,456,767.40 | |||||||
AMAZON COM INC COM |
4,917,647.46 | |||||||
AMERICAN EXPRESS CO |
2,764,665.60 | |||||||
AMERICAN TOWER CORP |
1,631,699.20 | |||||||
APPLE INC COM STK |
8,189,863.84 | |||||||
AQUAVENTURE HOLDINGS LTD COM NPV |
80,899.94 | |||||||
ARGAN INC COM |
67,798.55 | |||||||
ARRAY BIOPHARMA INC COM |
47,896.71 | |||||||
ASTEC INDS INC COM |
81,626.60 | |||||||
AUTOBYTEL INC COM NEW |
51,217.60 | |||||||
AXOGEN INC COM USD0.01 |
70,029.00 | |||||||
BIOMARIN PHARMACEUTICAL INC COM ISIN CH0008107010 |
530,258.84 | |||||||
BIOTELEMETRY INC COM |
51,248.55 | |||||||
BLUEPRINT MEDICINES CORP COM |
167,823.15 | |||||||
BOEING CO COM |
1,949,736.32 | |||||||
BOOT BARN HLDGS INC COM |
63,175.92 | |||||||
BOVIE MED CORP COM STK |
26,756.27 | |||||||
BRINKS CO COM |
2,098,593.75 | |||||||
BRISTOL MYERS SQUIBB CO COM |
1,555,263.72 | |||||||
CALAVO GROWERS INC COM |
42,488.80 | |||||||
CALLON PETE CO DEL COM |
87,578.26 | |||||||
CARDIOVASCULAR SYS INC DEL COM |
108,049.23 | |||||||
CARROLS RESTAURANT GROUP INC COM |
74,130.25 | |||||||
CASELLA WASTE SYS INC CL A COM STK |
49,466.26 |
15.
CELGENE CORP COM |
2,187,327.75 | |||||||||
CENTENE CORP DEL COM |
1,904,217.47 | |||||||||
CEVA INC COM |
60,356.45 | |||||||||
CHARTER COMMUNICATIONS INC NEW CL A CL A |
2,813,554.24 | |||||||||
CHICAGO BRDG & IRON CO N V COM NV |
1,807,019.50 | |||||||||
CITIGROUP INC COM NEW COM NEW |
2,699,013.45 | |||||||||
COGNIZANT TECH SOLUTIONS CORP CL A |
1,197,921.40 | |||||||||
COMCAST CORP NEW-CL A |
2,072,881.00 | |||||||||
CONCHO RES INC COM STK |
897,967.20 | |||||||||
CONSTELLATION BRANDS INC CL A CL A |
460,849.86 | |||||||||
CONVENANT TRANSN GROUP INC CL A |
27,462.80 | |||||||||
COSTCO WHOLESALE CORP NEW COM |
1,418,414.49 | |||||||||
COWEN GROUP INC NEW CL A NEW CL A NEW |
70,556.00 | |||||||||
CRANE CO COM |
443,898.60 | |||||||||
CRH MED CORP CRH MED CORP COM NPV |
44,215.50 | |||||||||
CRYOLIFE INC COM |
113,214.80 | |||||||||
CVS HEALTH CORP COM |
939,818.10 | |||||||||
CYBEROPTICS CORP COM |
49,329.00 | |||||||||
DARLING INGREDIENTS INC COMSTK |
2,051,037.52 | |||||||||
DEL TACO RESTAURANTS INC NEW COM USD 0.0001 |
105,645.84 | |||||||||
DENNYS CORP COM |
53,347.14 | |||||||||
DIEBOLD NIXDORF INC COM STK |
1,835,346.40 | |||||||||
DISCOVERY COMMUNICATIONS INC NEW COM SERC COM SER C |
1,280,619.60 | |||||||||
DISH NETWORK CORP CL A COM STK |
1,503,862.80 | |||||||||
DOUGLAS DYNAMICS INC COM |
57,339.60 | |||||||||
EARTHSTONE ENERGY INC COM NEW COM NEW |
44,119.14 | |||||||||
ENERGOUS CORP COM USD0.001 |
46,169.00 | |||||||||
ENVISION HEALTHCARE CORP COM |
1,928,509.59 | |||||||||
EOG RESOURCES INC COM |
846,813.60 | |||||||||
EVERSPIN TECHNOLOGIES INC COM |
44,276.89 | |||||||||
EXPEDIA INC DEL COM NEW |
434,655.36 | |||||||||
FABRINET COM USD0.01 |
63,432.20 | |||||||||
FACEBOOK INC CL A CL A |
3,290,775.15 | |||||||||
FAIRMOUNT SANTROL HLDGS INC COMMON STOCK |
104,541.93 | |||||||||
FIVE9 INC COM |
65,600.37 | |||||||||
FLEXION THERAPEUTICS INC COM |
51,696.36 | |||||||||
FMR BROS CO DEL |
59,931.10 | |||||||||
FOAMIX PHARMACEUTICALS LTD COM ILS0.16 |
127,838.70 | |||||||||
FOX FACTORY HLDG CORP COM |
133,116.75 | |||||||||
FRANCESCAS HLDGS CORP COM M STOCK |
45,309.39 | |||||||||
FRANKLIN FINL NETWORK INC COM |
97,719.75 | |||||||||
GIBRALTAR INDS INC COM |
138,278.00 | |||||||||
GIGAMON INC COM |
108,910.05 | |||||||||
GILEAD SCIENCES INC |
728,989.80 | |||||||||
GOLDMAN SACHS GROUP INC COM |
1,835,623.70 | |||||||||
GTT COMMUNICATIONS INC COM |
223,761.25 | |||||||||
H & E EQUIP SVCS INC COM |
105,462.00 | |||||||||
HALLIBURTON CO COM |
448,460.19 | |||||||||
HEALTH INS INNOVATIONS INC COM CL A COM CL A |
48,462.75 | |||||||||
HERSHA HOSPITALITY TR PRIORITY SHS BEN INT CL A NEW PRTY SHS BEN INT CL A NEW |
95,954.50 | |||||||||
HESKA CORP COM RESTRICTED NEW STOCK |
107,543.20 | |||||||||
HILL ROM HLDGS INC COM STK |
2,132,646.32 | |||||||||
HOME DEPOT INC COM |
1,296,955.84 | |||||||||
HONEYWELL INTL INC COM STK |
3,000,515.00 | |||||||||
HORIZON GLOBAL CORP COM |
108,048.00 | |||||||||
HUDSON TECHNOLOGIES INC COM STK |
64,640.70 | |||||||||
ICHOR HOLDINGS LTD COM USD0.0001 |
89,340.74 |
16.
ILLUMINA INC COM |
602,684.28 | |||||||||
IMPINJ INC COM |
251,126.04 | |||||||||
INOGEN INC COM |
138,034.35 | |||||||||
INPHI CORP COM |
132,699.88 | |||||||||
INSTEEL INDS INC COM |
39,952.44 | |||||||||
INTEL CORP COM |
2,145,370.50 | |||||||||
INTERCONTINENTAL EXCHANGE INC COM |
2,753,296.00 | |||||||||
INTRAWEST RESORTS HLDGS INC COM |
75,630.45 | |||||||||
IRHYTHM TECHNOLOGIES INC COM |
54,390.00 | |||||||||
JOHNSON CTLS INTL PLC COM USD0.01 |
1,009,731.66 | |||||||||
JONES ENERGY INC COM CL A COM CL A |
76,560.00 | |||||||||
* |
JPMORGAN CHASE & CO COM |
1,081,558.86 | ||||||||
KEYW HLDG CORP COM STK |
44,141.76 | |||||||||
KOPPERS HLDGS INC COM |
1,987,152.70 | |||||||||
KORNIT DIGITAL LTD COMMON STOCK |
42,390.15 | |||||||||
KRATOS DEFENSE & SECURITY SOLUTIONS INC |
59,962.20 | |||||||||
LAB CORP AMER HLDGS COM NEW |
2,452,058.00 | |||||||||
LEMAITRE VASCULAR INC COM STK |
188,833.68 | |||||||||
LIBERTY MEDIA CORP DEL COM SER C SIRIUSXM GROUP COM SER C SIRIUSXM GROUP |
1,252,326.40 | |||||||||
LIVE OAK BANCSHARES INC COM |
82,325.00 | |||||||||
LOWES COS INC COM |
1,938,731.20 | |||||||||
LOXO ONCOLOGY INC COM |
165,103.22 | |||||||||
LYDALL INC COM |
80,652.40 | |||||||||
M & T BK CORP COM |
2,150,912.50 | |||||||||
MAMMOTH ENERGY SVCS INC COM |
64,083.20 | |||||||||
MARINEMAX INC COM |
62,345.70 | |||||||||
MARRIOTT INTL INC NEW COM STK CL A |
1,905,774.00 | |||||||||
MASTERCARD INC CL A |
2,671,800.25 | |||||||||
MCBC HLDGS INC COM |
56,439.18 | |||||||||
MCKESSON CORP |
1,693,827.00 | |||||||||
MEDTRONIC PLC COMMON STOCK STOCK |
1,394,754.63 | |||||||||
MERCURY SYSTEMS INC |
97,429.28 | |||||||||
META FINL GROUP INC COM |
28,091.70 | |||||||||
MGP INGREDIENTS INC NEW COM |
103,808.46 | |||||||||
MICROSOFT CORP COM |
3,066,360.44 | |||||||||
MIDDLEBY CORP COM |
446,970.70 | |||||||||
MIMECAST LIMITED MIMECAST LTD |
84,756.50 | |||||||||
MOBILEYE NV EUR0.01 |
435,864.08 | |||||||||
MODINE MFG CO COM STK |
21,217.60 | |||||||||
MOLSON COORS BREWING CO CL B CL B |
2,135,954.50 | |||||||||
MONSTER BEVERAGE CORP NEW COM |
807,963.48 | |||||||||
MORGAN STANLEY COM STK USD0.01 |
732,192.50 | |||||||||
MYOKARDIA INC COM |
57,394.40 | |||||||||
NANOSTRING TECHNOLOGIES INC COM |
88,553.30 | |||||||||
NATERA INC COM |
140,906.43 | |||||||||
NEOGENOMICS INC COM NEW COM NEW |
180,681.31 | |||||||||
NETFLIX INC COM STK |
1,899,339.60 | |||||||||
NEWELL BRANDS INC COM |
1,002,839.00 | |||||||||
NIKE INC CL B |
1,067,480.83 | |||||||||
NORDSON CORP COM |
1,559,960.10 | |||||||||
NOVAN INC COM |
89,328.12 | |||||||||
NUTRI SYS INC NEW COM |
138,842.55 | |||||||||
NVIDIA CORP COM |
2,412,110.52 | |||||||||
NV5 GLOBAL INC COMMON STOCK |
36,773.40 | |||||||||
NXP SEMICONDUCTORS N V COM STK |
2,587,954.05 | |||||||||
O REILLY AUTOMOTIVE INC NEW COM USD0.01 |
1,619,510.97 | |||||||||
OCLARO INC COM NEW |
212,123.95 |
17.
OGE ENERGY CORP COM |
1,878,384.75 | |||||||||
OMNICOM GROUP INC COM |
2,109,876.90 | |||||||||
ORACLE CORP COM |
2,506,940.00 | |||||||||
ORBOTECH LTD SH COM |
124,886.58 | |||||||||
OTONOMY INC COM |
49,751.10 | |||||||||
PAC PREMIER BANCORP COM |
93,288.65 | |||||||||
PALO ALTO NETWORKS INC COM USD0.0001 |
687,524.90 | |||||||||
PARKER-HANNIFIN CORP COM |
870,100.00 | |||||||||
PATRICK INDS INC COM |
176,253.00 | |||||||||
PDF SOLUTIONS INC COM |
76,173.90 | |||||||||
PFD BK L A CAL COM |
74,279.14 | |||||||||
PIER 1 IMPORTS INC COM |
47,636.12 | |||||||||
PIPER JAFFRAY COS COM |
45,965.00 | |||||||||
POLARIS INDS INC COM |
1,856,576.26 | |||||||||
PPG IND INC COM |
2,623,904.40 | |||||||||
PRIMO WTR CORP COM |
88,280.92 | |||||||||
PROOFPOINT INC COM |
46,699.65 | |||||||||
QUALCOMM INC COM |
1,734,320.00 | |||||||||
QUANTENNA COMMUNICATIONS INC COM |
79,228.10 | |||||||||
QUOTIENT TECHNOLOGY INC COM |
69,251.50 | |||||||||
Q2 HLDGS INC COM |
132,363.80 | |||||||||
RED HAT INC COM |
1,253,763.60 | |||||||||
REGENERON PHARMACEUTICALS INC COM |
911,851.56 | |||||||||
RESOLUTE ENERGY CORP COM NEW COM NEW |
64,668.30 | |||||||||
RING ENERGY INC COM |
81,473.28 | |||||||||
RUTHS HOSPITALITY GROUP INC |
43,462.50 | |||||||||
S&P GLOBAL INC COM |
863,116.04 | |||||||||
SALESFORCE COM INC COM STK |
1,628,800.32 | |||||||||
SANDERSON FARMS INC COM |
1,856,622.24 | |||||||||
SCHLUMBERGER LTD COM COM |
422,604.30 | |||||||||
SCHWAB CHARLES CORP COM NEW |
651,649.70 | |||||||||
SENSATA TECHNOLOGIES HLDG NV |
1,260,422.00 | |||||||||
SHIRE PLC ADR |
1,507,863.00 | |||||||||
SITEONE LANDSCAPE SUPPLY INC COM |
56,540.44 | |||||||||
SODASTREAM INTERNATIONAL LTD COM STK |
56,797.33 | |||||||||
SPARTAN MTRS INC COM |
44,353.75 | |||||||||
SPLUNK INC COMSTK COM USD0.001 |
730,217.40 | |||||||||
STARBUCKS CORP COM |
1,685,087.52 | |||||||||
STRAYER ED INC COM |
58,456.75 | |||||||||
SUNESIS PHARMACEUTICALS INC COM PAR$.0001 COM PAR$.0001 |
20,243.04 | |||||||||
SYNERGY PHARMACEUTICALS INC FLA COM NEW |
29,292.90 | |||||||||
TABULA RASA HEALTHCARE INC COM |
17,706.36 | |||||||||
TACTILE SYS TECHNOLOGY INC COM |
76,339.32 | |||||||||
TENNECO INC |
1,769,337.81 | |||||||||
TESLA MTRS INC COM |
839,801.70 | |||||||||
THE PRICELINE GROUP INC |
1,713,824.14 | |||||||||
THOR INDS INC COM STK |
1,964,081.55 | |||||||||
TILLYS INC CL A |
56,532.34 | |||||||||
TIME WARNER INC USD0.01 |
1,167,433.82 | |||||||||
TIMKEN CO COM |
1,780,545.00 | |||||||||
TJX COS INC COM NEW |
1,042,804.40 | |||||||||
TPI COMPOSITES INC COM |
63,903.36 | |||||||||
TRINITY IND INC COM |
1,915,606.56 | |||||||||
TRISTATE CAP HLDGS INC COM |
64,244.70 | |||||||||
TWENTY-FIRST CENTURY FOX INC CL A |
1,582,858.00 | |||||||||
U S CONCRETE INC COMMON STOCK |
95,171.50 | |||||||||
U S PHYSICAL THERAPY COM |
60,091.20 | |||||||||
U S SILICA HLDGS INC |
65,862.16 |
18.
ULTA SALON COSMETICS & FRAGRANCE INC COMSTK |
377,311.20 | |||||||||
UNIQUE FABRICATING INC COM |
50,924.80 | |||||||||
UNITED TECHNOLOGIES CORP COM |
2,927,950.20 | |||||||||
VERITEX HLDGS INC COM |
24,119.13 | |||||||||
VERTEX PHARMACEUTICALS INC COM |
324,369.01 | |||||||||
VISA INC COM CL A STK |
4,611,372.10 | |||||||||
WALT DISNEY CO |
505,362.78 | |||||||||
WELLS FARGO & CO NEW COM STK |
3,179,847.00 | |||||||||
WHIRLPOOL CORP COM |
2,355,739.20 | |||||||||
WINGSTOP INC COM |
84,361.09 | |||||||||
WINNEBAGO INDS INC COM |
102,925.80 | |||||||||
WORKDAY INC CL A COM USD0.001 |
796,913.22 | |||||||||
XCEL BRANDS INC COM NEW |
19,505.20 | |||||||||
XENCOR INC COM |
88,277.28 | |||||||||
YRC WORLDWIDE INC COM USD0.01 (POST REV SPLIT) |
40,304.80 | |||||||||
ZUMIEZ INC COM |
48,812.90 | |||||||||
TOTAL CORPORATE COMMON STOCKS (other than employer securities) & AMERICAN DEPOSITORY RECEIPTS |
213,908,819.23 | |||||||||
McDONALDS CORPORATION COMMON STOCK |
||||||||||
* |
MC DONALDS CORP COM |
339,361,689.44 | ||||||||
* |
MC DONALDS CORP COM |
4,357,368.13 | 33,757,094.48 | |||||||
* |
MC DONALDS CORP COM |
869,782,515.80 | ||||||||
TOTAL McDONALDS CORPORATION COMMON STOCK |
1,242,901,299.72 | |||||||||
INTEREST IN REGISTERED INVESTMENT CO. |
||||||||||
* |
MFO AMERICAN BEACON FDS HOLLAND LARGE CAP GROWTH FD INSTL CL |
13,320,928.16 | ||||||||
* |
MFO ARTISAN MID CAP FD INSTL CL SH |
26,120,469.96 | ||||||||
* |
MFO DFA EMERGING MARKETS VALUE |
19,772,107.87 | ||||||||
* |
MFO NUVEEN INVT FDS INC REAL ESTATE SECSFD CL R6 |
86,111,107.01 | ||||||||
* |
MFO PRIMECAP ODYSSEY FDS AGGRESSIVE GROWTH FD |
37,382,399.67 | ||||||||
* |
MFO DODGE & COX INC FD |
59,393,796.34 | ||||||||
TOTAL INTEREST IN REGISTERED INVESTMENT CO. |
242,100,809.01 | |||||||||
McDONALDS LOAN ASSETS |
||||||||||
* |
MCDONALDS LOAN ASSET |
28,499,049.77 | ||||||||
TOTAL McDONALDS LOAN ASSETS |
28,499,049.77 | |||||||||
COLLECTIVE TRUSTS |
||||||||||
* |
MFO METROPOLITAN WEST FDS FLOATING RATE INCOME FD CL I |
572,760.05 | ||||||||
* |
CF TCW EMERGING MARKET INCOME FOCUS FUNDLP |
389,797.34 | ||||||||
* |
MFO MANULIFE AM TC STRATEGIC FIXED INCOME FUND CLASS 3 RETIREMENT B |
85,635,702.64 | ||||||||
* |
MFO BLACKROCK GLOBAL ALLOCATION COLLECTIVE FUND M |
234,010,229.56 | ||||||||
* |
NT COLLECTIVE RUSSELL 2000 INDEX FUND -NON LENDING TIER THREE |
46,596,761.47 | ||||||||
* |
NT COLLECTIVE S&P500 INDEX FUND - DC- NON LENDING - TIER THREE |
303,563,955.44 | ||||||||
* |
NT COLLECTIVE ALL CTY WLD EX-US INVSTBL MKT IDX FD - DC - NONLENDING - TR 3 |
52,529,474.73 | ||||||||
* |
MFO MANNING & NAPIER NON US EQUITY CIT - U |
38,114,261.45 | ||||||||
* |
MFO SEI ARTISAN INTL GROWTH FD |
39,277,286.72 | ||||||||
* |
NT COLLECTIVE RUSSELL 2000 INDEX FUND - DC -NON LENDING TIER THREE |
92,290,660.23 | ||||||||
* |
MFO JP MORGAN CHASE BK LIQUIDITY FUND |
7,612,393.21 | ||||||||
* |
JPMCB Intermediate Bond Fund |
204,495,921.84 | ||||||||
* |
Northern Trust Company COLTV SHORT TERM INVT FD |
34,462,359.29 | ||||||||
TOTAL COLLECTIVE TRUSTS |
1,139,551,563.97 | |||||||||
MORTGAGE BACKED SECURITIES |
||||||||||
ACCESS FDG 2015-1 VAR RT .8867% DUE 07-25-2056 |
155,855.25 | |||||||||
CITIBANK CR CARD ISSUANCE TR CR CARD NT CL 2013-A2 FLTG RATE 05-26-2020 REG |
135,134.19 |
19.
GS MTG SECS CORP FLTG RT .99111% DUE 03-25-2035 |
84,665.63 | |||||||||
HONDA AUTO 1.04% DUE 04-18-2019 |
134,677.89 | |||||||||
HONDA AUTO 1.27% DUE 04-18-2019 |
124,959.63 | |||||||||
MORGAN STANLEY ABS FLTG RT 1.55111% DUE 12-25-2034 |
240,012.18 | |||||||||
NAVIENT STUDENT LN SER 2014-2 CL A FLTG 03-25-2043 |
102,775.66 | |||||||||
NAVIENT STUDENT LN TR 2014-3 STUDENT LN BACKED NT CL A FLTG RATE 03-25-2083 REG |
61,688.95 | |||||||||
PVTPL A VOCE CLO LTD / A VOCE CLO LLC SRSECD NT CL A-1B FLTG 144A 07-15-2026 |
144,882.99 | |||||||||
PVTPL DRYDEN 37 SR LN FD SER 2015-37A CL A FLTG RT 04-15-2027 BEO |
130,210.08 | |||||||||
PVTPL MAGNETITE XII LTD/MAGNETITE XII LLC SER 15-12A CL AR FLTG 144A 04-15-2027 |
129,935.00 | |||||||||
PVTPL NELNET STUD LN TR 2015-2 AB NT CL A-2 144A VAR RT DUE 9-25-42 BEO |
209,747.55 | |||||||||
PVTPL NELNET STUDENT LN TR SER 2015-3 CL A-2 FLTG 02-26-2046 BEO |
259,327.41 | |||||||||
PVTPL PHEAA STUDENT LN STUDENT TR 2013-3A CL A FLTG RT DUE 11-25-2042 BEO |
185,994.74 | |||||||||
RESIDENTIAL ASSET MTG PRODS INC SER 2005-EFC5 CL M1 FLT RT 10-25-2035 BEO |
85,196.85 | |||||||||
SLC STUD LN TR FLTG RT 1.12344% DUE 12-15-2038 |
270,284.40 | |||||||||
SLC STUD LN TR FLTG RT 1.19206% DUE 08-15-2031 |
42,371.75 | |||||||||
SLC STUDENT LN TR 2006-2 ASSET BKD NT CLA-5 FLTG RATE 09-15-2026 BEO |
247,173.61 | |||||||||
SLM STUD LN TR FLTG RT SER 2007-6 CL A 10-25-2024 |
246,766.28 | |||||||||
SLM STUDENT LN TR FLTG SER 2013-3 CL A2 05-26-2020 REG |
51,858.47 | |||||||||
SLM STUDENT LN TR 2008-5 CL B FLT RT 07-25-2029 REG |
148,377.78 | |||||||||
SLM STUDENT LN TR 2008-9 CL B FLTG RT 10-25-2029 BEO |
146,427.45 | |||||||||
SLM STUDENT LN TR 2011-2 STUDENT LN BKD NT CL A2 FLTG 03-25-2025 |
171,298.80 | |||||||||
SLM STUDENT LN TR 2012-1 STUDENT LN BKD NTS CL A-2 FLTG 11-25-2020 REG |
65,929.47 | |||||||||
SLM STUDENT LN TR 2012-3 CL A FLTG RT 12-26-2025 REG |
192,176.85 | |||||||||
STRUCTURED ASSET SECS CORP 2005-2 LEHMANXS 1-A1 08-25-2035 REG |
196,731.29 | |||||||||
WACHOVIA STUD LN FLTG RT 1.20789% DUE 04-25-2040 |
253,551.35 | |||||||||
WELLS FARGO HOME FLTG RT 1.77111% DUE 10-25-2034 |
265,006.70 | |||||||||
BAMLL COML MTG FLTG RT 3.5343% DUE 03-10-2037 |
50,931.55 | |||||||||
BBCMS TR 2013-TYSN 3.7562% DUE 09-05-2032 |
52,328.90 | |||||||||
CMO MORGAN STANLEY CAPITAL I 2011-C3 CL A4 4.118 7-15-2021 |
193,331.70 | |||||||||
COMM 2013-300P MTG 4.353 DUE 08-10-2030 |
54,108.25 | |||||||||
CR SUISSE COML MTG FLTG RT 5.526% DUE 01-15-2049 |
83,047.27 | |||||||||
I/O CMO COMM 2016-787S MTG TR COML MTG PASSTHRU CTF CL A 144A 02-10-2036 BEO |
51,094.20 | |||||||||
PVTPL CMO DBRR SER 2013-EZ3 CL A VAR RT DUE 12-18-2049 |
14,819.99 | |||||||||
PVTPL CMO GS MTG SECS 2012-ALOHACOML MTGPASSTHRU CTF CL A 3.551 4-10-34 BEO |
52,257.85 | |||||||||
PVTPL CMO RBS COML FDG INC 2013-GSP TR COML MTG PASS THRU CL A VAR 01-13-2032 |
52,404.10 | |||||||||
PVTPL CMO SFAVE COML SER 2015-5AVE CL A-1 3.872% 01-05-2043 |
54,092.50 | |||||||||
PVTPL CMO 225 LIBERTY STR TR 2016-225L CTF CL A 144A 3.597 02-10-2036 |
51,258.85 | |||||||||
FEDERAL HOME LN MTG CORP POOL #G08707 4% 05-01-2046 BEO |
262,167.84 | |||||||||
FEDERAL HOME LN MTG CORP POOL #G0-8732 3% 11-01-2046 BEO |
266,781.26 | |||||||||
FEDERAL HOME LN MTG CORP POOL #G0-8741 3% 01-01-2047 BEO |
357,844.32 | |||||||||
FEDERAL HOME LN MTG CORP POOL #G07848 3.5% 04-01-2044 BEO |
414,158.08 | |||||||||
FEDERAL HOME LN MTG CORP POOL #G07957 4%01-01-2045 BEO |
209,824.01 | |||||||||
FEDERAL HOME LN MTG CORP POOL #G08677 4%11-01-2045 BEO |
211,356.19 | |||||||||
FEDERAL HOME LN MTG CORP POOL #G08698 3.5% 03-01-2046 BEO |
238,880.69 | |||||||||
FEDERAL HOME LN MTG CORP POOL #G08699 4%03-01-2046 BEO |
169,076.70 | |||||||||
FEDERAL HOME LN MTG CORP POOL #G08702 3.5% 04-01-2046 BEO |
574,226.92 |
20.
FEDERAL HOME LN MTG CORP POOL #G08710 3%06-01-2046 BEO |
76,559.89 | |||||||||
FEDERAL HOME LN MTG CORP POOL #G08711 3.5% 06-01-2046 BEO |
492,840.09 | |||||||||
FEDERAL HOME LN MTG CORP POOL #G08715 3%08-01-2046 BEO |
480,710.07 | |||||||||
FEDERAL HOME LN MTG CORP POOL #G08716 3.5% 08-01-2046 BEO |
422,622.96 | |||||||||
FEDERAL HOME LN MTG CORP POOL #G08722 3.5% 09-01-2046 BEO |
50,223.29 | |||||||||
FEDERAL HOME LN MTG CORP POOL #G08726 3%10-01-2046 BEO |
270,603.04 | |||||||||
FEDERAL HOME LN MTG CORP POOL #G1-8622 2.5% 12-01-2031 BEO |
528,414.16 | |||||||||
FEDERAL HOME LN MTG CORP POOL #G1-8626 2.5% 01-01-2032 BEO |
75,202.20 | |||||||||
FEDERAL HOME LN MTG CORP POOL #G18592 3%03-01-2031 BEO |
95,164.46 | |||||||||
FEDERAL HOME LN MTG CORP POOL #G60238 3.5% 10-01-2045 BEO |
468,191.67 | |||||||||
FEDERAL HOME LN MTG CORP POOL #G60344 4%12-01-2045 BEO |
470,154.25 | |||||||||
FEDERAL NATL MTG ASSN GTD MTG POOL #AL2168 3.5% 06-01-2042 BEO |
319,605.27 | |||||||||
FEDERAL NATL MTG ASSN GTD MTG POOL #AL6829 2.964% DUE 05-01-2027 BEO |
176,647.86 | |||||||||
FEDERAL NATL MTG ASSN GTD MTG POOL #AL7092 3% 07-01-2045 BEO |
76,378.44 | |||||||||
FEDERAL NATL MTG ASSN GTD MTG POOL #AL9027 4% 09-01-2046 BEO |
397,934.12 | |||||||||
FEDERAL NATL MTG ASSN GTD MTG POOL #AL9472 4% 10-01-2043 BEO |
139,542.10 | |||||||||
FHLMC GOLD #G07924 3.5% 01-01-2045 |
426,264.94 | |||||||||
FHLMC GOLD G08721 3 09-01-2046 |
127,029.29 | |||||||||
FHLMC GOLD G60023 3.5 04-01-2045 |
86,763.87 | |||||||||
FNMA POOL #AM0827 2.6 DUE 11-01-2022 REG |
125,930.50 | |||||||||
FNMA POOL #AM2808 2.7% 03-01-2023 BEO |
130,585.39 | |||||||||
FNMA POOL #AM4125 3.74% 08-01-2023 BEO |
116,484.72 | |||||||||
FNMA POOL #AM4367 4.12% DUE 09-01-2023 BEO |
149,901.78 | |||||||||
FNMA POOL #AM6428 3.58% 08-01-2029 BEO |
100,490.43 | |||||||||
FNMA POOL #AM6430 3.58% DUE 08-01-2029 BEO |
100,490.43 | |||||||||
FNMA POOL #AN2913 2.61% DUE 11-01-2028 BEO |
98,890.68 | |||||||||
FNMA POOL #FN0001 3.762% 12-01-2020 BEO |
126,176.60 | |||||||||
FNMA POOL #FN0009 3.416% DUE 10-01-2020 BEO |
96,061.25 | |||||||||
FNMA POOL #MA1512 3.5% 07-01-2033 BEO |
192,117.67 | |||||||||
FNMA POOL #MA1607 3% 10-01-2033 BEO |
224,082.05 | |||||||||
FNMA POOL #MA2740 2.5% 09-01-2026 BEO |
261,874.66 | |||||||||
FNMA POOL #MA2830 2.5% 12-01-2031 BEO |
184,373.03 | |||||||||
FNMA POOL #466919 3.93% DUE 01-01-2021 BEO |
198,972.88 | |||||||||
FNMA POOL #466960 3.89% DUE 12-01-2020 BEO |
148,359.37 | |||||||||
FNMA POOL #468551 3.98% DUE 07-01-2021 BEO |
160,505.55 | |||||||||
FNMA POOL #469024 3.44% DUE 10-01-2021 BEO |
138,652.95 | |||||||||
FNMA POOL #469621 3.65% 11-01-2021 BEO |
175,136.48 | |||||||||
FNMA SINGLE FAMILY MORTGAGE 2.5% 15 YEARS SETTLES JANUARY |
285,450.87 | |||||||||
FNMA SINGLE FAMILY MORTGAGE 3.5% 30 YEARS SETTLES JANUARY |
466,339.51 | |||||||||
FNMA SINGLE FAMILY MORTGAGE 3% 15 YEARS SETTLES JANUARY |
169,318.38 | |||||||||
FNMA SINGLE FAMILY MORTGAGE 3% 30 YEARS SETTLES JANUARY |
521,542.35 | |||||||||
FNMA SINGLE FAMILY MORTGAGE 4% 30 YEARS SETTLES JANUARY |
530,911.05 | |||||||||
GNMA II JUMBOS 3.5% 30 YEARS SETTLES JAN |
285,865.80 | |||||||||
GNMA II JUMBOS 3% 30 YEARS SETTLES JANUARY |
268,317.80 | |||||||||
GNMA POOL #MA4069 3.5% 11-20-2046 BEO |
357,972.74 | |||||||||
GNMA 3.5% DUE 03-20-2046 |
184,656.73 | |||||||||
GNMAII POOL #MA3597 SER 2046 3.5% DUE 04-20-2046 BEO |
181,053.29 | |||||||||
GNMAII POOL #MA3736 SER 2046 3.5% DUE 06-20-2046 REG |
200,750.07 | |||||||||
GNMAII POOL #MA4126 SER 2046 3% DUE 12-20-2046 REG |
395,447.52 | |||||||||
GOVT NATL MTG ASSO 3.5% MBS 20/05/2046 USD |
129,301.08 | |||||||||
CMO NCUA GUARANTEED NOTES TRUST SR NT II-A DUE 03-09-2021 REG |
172,190.77 | |||||||||
FHLMC MULTICLASS TRANCHE 00154 3.511 04-25-2030 |
112,929.19 | |||||||||
FNMA REMIC TR 2015-M2 CL-A3 VAR RATE 12-25-2024 |
203,168.63 | |||||||||
CMO IMPAC CMB TR 2004-7 CL 1-A-1 FLTG RATE DUE 11-25-2034 REG |
197,697.42 | |||||||||
CMO MORGAN STANLEY MTG LN TR 2004-2AR DUE 01-25-2035 REG |
156,514.25 | |||||||||
CMO RESIDENTIAL ASSET MTG PRODS INC 2004-SP3 MTG LN ASSET AII FLTG 9-25-2034 |
141,457.54 |
21.
CMO SEQUOIA MTG TR 2003-2 MTG PASSTHRU CTF CL A-1 VAR RATE DUE 06-20-2033 REG |
170,710.08 | |||||||||
CMO SEQUOIA MTG TR 2004-1 2004-12 MTG PASSTHRU CTF 1A1 DUE 01-20-2035 REG |
166,616.02 | |||||||||
CMO SEQUOIA MTG TR 2004-1 2004-4 CL A FLTG RATE DUE 05-20-2034 REG |
229,070.73 | |||||||||
CMO SER 2005-AR9 CL A1A FLT RT DUE 07-25-2045 REG |
193,226.92 | |||||||||
CMO STRUCTURED ADJ RATE MTG LN TR DUE 11-25-2034 REG |
159,337.43 | |||||||||
CMO STRUCTURED ADJ RATE MTG LN TR SER 2005-16 CL A1 DUE 08-25-2035 REG |
163,314.43 | |||||||||
CMO STRUCTURED ASSET SECS CORP SER 2004-10 CL 3A2 DUE 08-25-2034 BEO |
175,766.99 | |||||||||
CMO STRUCTURED ASSET SECS CORP 2004-3AC CL A1 DUE 03-25-2034 REG |
183,252.11 | |||||||||
CMO WA MUT MTG SECS CORP 2003-AR1 MTG PASSTHRU CTF CL A-5 VAR 03-25-2033BEO |
138,584.24 | |||||||||
CMO WAMU MTG PASS-THROUGH SER 05-AR2 CL 1A1A FLTG 01-25-2045 |
250,905.41 | |||||||||
CMO WAMU MTG PASS-THRU CTFS SER 2005-AR13 CL A-1A1 FLT 10-25-45 |
185,982.31 | |||||||||
CMO WAMU MTG PASS-THRU CTFS 2005-AR2 CTFCL 2A-2A1 DUE 12-25-2044 REG |
205,247.49 | |||||||||
CMO 2005-AR13 MTG PASSTHRU CTF CL A-1A2 DUE 10-25-2045 REG |
193,913.33 | |||||||||
CHASE ISSUANCE TR CHASESERIES 2012-10 NTCL A 12-16-2019 REG |
200,218.80 | |||||||||
HONDA AUTO 1.01% DUE 10-18-2018 |
250,765.82 | |||||||||
NAVIENT STUDENT LN SER 2014-2 CL A FLTG 03-25-2043 |
270,261.83 | |||||||||
NAVIENT STUDENT LN TRUST SER 2014-8 CL A-2 FLTG RATE 04-25-2023 |
275,293.16 | |||||||||
NISSAN AUTO 1.05% DUE 04-15-2019 |
279,726.16 | |||||||||
PVTPL NELNET STUD LN TR 2015-2 AB NT CL A-2 144A VAR RT DUE 9-25-42 BEO |
321,315.39 | |||||||||
PVTPL NELNET STUDENT LN ASSET BACKED NT CL A FLTG RT 10-27-2036 BEO |
225,939.86 | |||||||||
PVTPL NELNET STUDENT LN TR 2014-2A CL A-3 FLT RT 07-27-2037 |
296,720.96 | |||||||||
SLC STUDENT LN TR 2006-2 ASSET BKD NT CLA-5 FLTG RATE 09-15-2026 BEO |
274,637.34 | |||||||||
SLM STUDENT LN TR SER 2005-10 CL A4 FLT RT 10-25-2019 BEO |
77,764.25 | |||||||||
SLM STUDENT LN TR SER 2007-3 CL A-4 FLTGRT 01-25-2022 |
593,554.50 | |||||||||
SLM STUDENT LN TR 2004-3 STUDENT LN BKD NT CL A-5 FLTG 07-25-2023 REG |
262,229.42 | |||||||||
SLM STUDENT LN TR 2005-4 20270125 FLT 01-25-2027 REG |
278,963.05 | |||||||||
SLM STUDENT LN TR 2006-9 CL A5 FLT RT 01-26-2026 BEO |
464,103.46 | |||||||||
SLM STUDENT LN TR 2012-2 STUDENT LN BKD NTS CL A FLTG 01-25-2029 REG |
350,138.90 | |||||||||
TOYOTA AUTO .76% DUE 03-15-2018 |
70,566.26 | |||||||||
2007-11 NT CL A FLTG 12-15-2019 BEO |
289,859.93 | |||||||||
CMO CITIGROUP COML MTG TR 2007-C6 CL A-4FLT RT DUE 12-10-2049 BEO |
504,335.00 | |||||||||
CMO CITIGROUP COML MTG TR 2014-GC19 CL A-AB 3.552 03-10-2047 REG |
550,445.81 | |||||||||
* |
CMO JPMBB COML MTG SECS TR SER 2014-C21 CLS ASB 3.4282 DUE 08-15-2047 REG |
549,669.89 | ||||||||
CMO WFRBS COML MTG TR SER 2013-C18 CL A-3 3.651 12-15-2046 |
548,669.63 | |||||||||
I/O CMO COMM 2016-787S MTG TR COML MTG PASSTHRU CTF CL A 144A 02-10-2036 BEO |
117,516.66 | |||||||||
MORGAN STANLEY BK 3.53% DUE 08-15-2047 |
543,708.90 | |||||||||
PVTPL CMO AVENTURA MALL TR 2013-AVM COMLCL A VAR RT 12-05-2032 |
120,836.71 | |||||||||
PVTPL CMO COMM MORTGAGE TRUST SER 2015 3BP CL A 3.178% DUE 02-10-2035 BEO |
114,979.07 | |||||||||
PVTPL CMO GS MTG SECS 2012-ALOHACOML MTGPASSTHRU CTF CL A 3.551 4-10-34 BEO |
109,741.49 | |||||||||
PVTPL CMO MORGAN STANLEY BK AMER MERRILLLYNCH TR COML MTG 1.863 2-15-46 |
425,915.59 | |||||||||
PVTPL CMO OBP DEPOSITOR LLC TR 2010 OBP CTF 144A 4.6462 DUE 07-15-2045 BEO |
106,341.90 |
22.
PVTPL CMO 225 LIBERTY STR TR 2016-225L CTF CL A 144A 3.597 02-10-2036 |
117,895.36 | |||||||||
VNDO 2012-6AVE MTG TR SER 2012-6AVE CL A2.9950 144A DUE 11-15-2030 |
116,060.30 | |||||||||
FEDERAL HOME LN MTG CORP POOL #G08681 3.5% 12-01-2045 BEO |
262,187.57 | |||||||||
FEDERAL HOME LN MTG CORP POOL #G60238 3.5% 10-01-2045 BEO |
950,153.72 | |||||||||
FEDERAL HOME LN MTG CORP POOL #G60344 4%12-01-2045 BEO |
413,735.74 | |||||||||
FEDERAL NATL MTG ASSN GTD MTG POOL #AL0151 4.38% DUE 04-01-2021 BEO |
471,360.48 | |||||||||
FEDERAL NATL MTG ASSN GTD MTG POOL #AL0600 4.302% DUE 07-01-2021 BEO |
546,381.59 | |||||||||
FEDERAL NATL MTG ASSN GTD MTG POOL #AL0602 4.314% DUE 07-01-2021 BEO |
497,112.29 | |||||||||
FEDERAL NATL MTG ASSN GTD MTG POOL #AL0705 3.478% DUE 12-01-2020 BEO |
112,063.38 | |||||||||
FEDERAL NATL MTG ASSN GTD MTG POOL #AL1848 3.016% DUE 04-01-2022 BEO |
550,569.52 | |||||||||
FEDERAL NATL MTG ASSN GTD MTG POOL #AL2293 4.38% DUE 06-01-2021 BEO |
548,100.05 | |||||||||
FEDERAL NATL MTG ASSN GTD MTG POOL #AL7092 3% 07-01-2045 BEO |
498,706.21 | |||||||||
FEDERAL NATL MTG ASSN GTD MTG POOL #AL9549 4% 09-01-2046 BEO |
741,804.53 | |||||||||
FNMA POOL #AM4522 3.95% 10-01-2024 BEO |
224,390.41 | |||||||||
FNMA POOL #AM4628 3.69% DUE 11-01-2023 BEO |
227,058.49 | |||||||||
FNMA POOL #AM5572 3.56% DUE 03-01-2024 BEO |
220,241.70 | |||||||||
FNMA POOL #AM8507 2.96% DUE 04-01-2027 BEO |
271,866.60 | |||||||||
FNMA POOL #AN1032 2.86% 03-01-2026 BEO |
228,205.54 | |||||||||
FNMA POOL #FN0001 3.762% 12-01-2020 BEO |
265,872.13 | |||||||||
FNMA POOL #FN0003 4.283% DUE 01-01-2021 BEO |
474,822.04 | |||||||||
FNMA POOL #FN0004 3.619% DUE 12-01-2020 BEO |
263,355.04 | |||||||||
FNMA POOL #FN0009 3.416% DUE 10-01-2020 BEO |
246,417.96 | |||||||||
FNMA POOL #MA2740 2.5% 09-01-2026 BEO |
543,147.43 | |||||||||
FNMA POOL #464916 4.16% DUE 04-01-2020 BEO |
183,337.53 | |||||||||
FNMA POOL #465738 3.915% DUE 10-01-2020 BEO |
276,325.19 | |||||||||
FNMA POOL #466216 3.54% DUE 10-01-2020 BEO |
225,713.02 | |||||||||
FNMA POOL #466411 3.31% DUE 11-01-2020 BEO |
276,467.88 | |||||||||
FNMA POOL #467144 4.25% DUE 01-01-2021 BEO |
220,307.03 | |||||||||
FNMA POOL #467626 3.74% DUE 05-01-2018 BEO |
201,390.36 | |||||||||
FNMA POOL #468043 4.31% DUE 06-01-2021 BEO |
219,019.19 | |||||||||
FNMA POOL #468477 4.59% 08-01-2026 BEO |
217,739.10 | |||||||||
FNMA POOL #469217 3.68% DUE 10-01-2021 BEO |
219,385.36 | |||||||||
FNMA SINGLE FAMILY MORTGAGE 2.5% 15 YEARS SETTLES JANUARY |
2,388,773.07 | |||||||||
FNMA SINGLE FAMILY MORTGAGE 4% 30 YEARS SETTLES JANUARY |
268,083.80 | |||||||||
GNMA POOL #MA3033 3% 08-20-2045 BEO |
0.01 | |||||||||
GNMA POOL #MA3173 3.5% 10-20-2045 BEO |
0.01 | |||||||||
GNMA POOL #MA3456 4.5% 02-20-2046 BEO |
0.01 | |||||||||
GNMAII POOL #MA3597 SER 2046 3.5% DUE 04-20-2046 BEO |
311,040.28 | |||||||||
FHLMC MULTICLASS TRANCHE 00738 05-25-2022 |
412,376.64 | |||||||||
FNMA SER 2012-M11 CL FA FLTG RT DUE 08-25-2019 BEO |
448,880.85 | |||||||||
FNMA SER 2014-M3 CLASS A2 VAR RT DUE 01-25-2024 REG |
547,925.18 | |||||||||
FNMA SR 2013-M14 CL A2 VAR RT DUE 10-25-2023 |
507,931.55 | |||||||||
FNMA SR 2014-M4 CL A2 3.34584 03-25-2024 |
552,043.50 | |||||||||
FNMA TRANCHE 00391 11-25-2023 |
549,819.60 | |||||||||
FNMA 2010-M3 CL A3 VAR RT 03-25-2020 |
662,799.09 | |||||||||
EDUCATIONAL FDG SOUTH INC NT CL A-2 FLTGRATE 04-25-2035 REG |
313,721.10 | |||||||||
PVTPL ACADEMIC LN FDG TR SER 2012-1A CL A1 FLTG RT 144A DUE 12-27-2022 |
376,475.24 | |||||||||
SLC STUDENT LN TR FLTG RT 1.08344% DUE 06-15-2029 |
1,333,746.56 | |||||||||
SLM STUDENT LN TR 2005-6 STUDENT LN-BKD NT CL A6 VAR 10-27-2031 REG |
780,132.80 | |||||||||
SLM STUDENT LN TR 2008-8 STUDENT LOAN BKD NT CL A-4 FLTG 04-25-2023 REG |
1,490,299.49 |
23.
FED HOME LN MTG CORP GOLD POOL# Q16042 3.5 DUE 3-01-2043 |
15,203.55 | |||||||||
FEDERAL NATL MTG ASSN GTD MTG POOL #AJ1520 4.5% DUE 09-01-2041 |
1,093,430.80 | |||||||||
FEDERAL NATL MTG ASSN GTD MTG POOL #AJ5304 4% 11-01-2041 BEO |
298,591.07 | |||||||||
FEDERAL NATL MTG ASSN GTD MTG POOL #AJ7689 4% 12-01-2041 BEO |
344,151.22 | |||||||||
FEDERAL NATL MTG ASSN GTD MTG POOL #AL0071 5% 05-01-2040 BEO |
93,227.47 | |||||||||
FEDERAL NATL MTG ASSN GTD MTG POOL #AL0215 4.5% 04-01-2041 BEO |
315,738.12 | |||||||||
FHLMC GOLD G06858 5 11-01-2041 |
437,899.20 | |||||||||
FHLMC GOLD POOL #U9-0772 3.5 01-01-2043 |
173,260.29 | |||||||||
FHLMC GOLD POOL# U91254 4 DUE 04-01-2043 |
172,161.43 | |||||||||
FHLMC GOLD POOL#Q17792 3.5 DUE 05-01-2043 |
144,663.33 | |||||||||
FHLMC GOLD U90503 3.5 11-01-2042 |
318,745.65 | |||||||||
FHLMC GOLD U90903 3.5 02-01-2043 |
92,156.29 | |||||||||
FNMA POOL #AA9204 6% DUE 08-01-2039 |
235,453.75 | |||||||||
FNMA POOL #AA9999 6% DUE 08-01-2039 |
296,916.07 | |||||||||
FNMA POOL #AB2038 4.5% DUE 01-01-2031 |
817,863.99 | |||||||||
FNMA POOL #AC0481 5.5% 09-01-2039 BEO |
696,249.13 | |||||||||
FNMA POOL #AC2956 6% DUE 09-01-2039 |
578,972.28 | |||||||||
FNMA POOL #AE5471 4.5% 10-01-2040 BEO |
910,019.99 | |||||||||
FNMA POOL #AQ4555 4% 12-01-2042 BEO |
127,623.92 | |||||||||
FNMA POOL #AQ8181 3.5% 01-01-2043 BEO |
58,923.05 | |||||||||
FNMA POOL #AR7503 4% DUE 03-01-2043 |
790,004.96 | |||||||||
FNMA POOL #AS0089 3.5% DUE 08-01-2043 REG |
2,182,648.67 | |||||||||
FNMA POOL #AT8691 4% DUE 08-01-2043 |
2,083,423.37 | |||||||||
FNMA POOL #AV0639 3.5% 11-01-2028 BEO |
264,396.62 | |||||||||
FNMA POOL #AV1854 3.5% DUE 12-01-2028 |
95,818.33 | |||||||||
FNMA POOL #AV1872 4% 12-01-2043 BEO |
206,390.59 | |||||||||
FNMA POOL #AV3959 3.5% 01-01-2029 BEO |
98,528.79 | |||||||||
FNMA POOL #AV4770 3.5% DUE 12-01-2028 |
494,944.67 | |||||||||
FNMA POOL #MA0596 4% 12-01-2025 BEO |
327,996.85 | |||||||||
FNMA POOL #MA0913 4.5% 11-01-2031 BEO |
1,129,326.25 | |||||||||
FNMA POOL #MA0939 4.5% 12-01-2031 BEO |
48,196.38 | |||||||||
FNMA POOL #MA1283 3.5% 12-01-2042 BEO |
1,086,530.80 | |||||||||
FNMA POOL #MA1437 3.5% 05-01-2043 BEO |
738,313.82 | |||||||||
FNMA POOL #254793 5% 07-01-2033 BEO |
16,583.34 | |||||||||
FNMA POOL #256045 5% DUE 12-01-2025 REG |
194,245.65 | |||||||||
FNMA POOL #310088 5% DUE 06-01-2038 BEO |
91,041.60 | |||||||||
FNMA POOL #555743 5% 09-01-2033 BEO |
22,871.42 | |||||||||
FNMA POOL #836464 ADJ RT DUE 10-01-2035 BEO |
88,777.29 | |||||||||
FNMA POOL #844052 4.065 11-01-2035 BEO |
21,984.02 | |||||||||
FNMA POOL #844148 2.516% 11-01-2035 BEO |
14,273.89 | |||||||||
FNMA POOL #844237 ADJ RT DUE 11-01-2035 BEO |
13,174.16 | |||||||||
FNMA POOL #844789 2.464% 11-01-2035 BEO |
13,976.68 | |||||||||
FNMA POOL #849077 5.5% DUE 01-01-2036 REG |
564,257.25 | |||||||||
FNMA POOL #889117 5% 10-01-2035 BEO |
63,250.30 | |||||||||
FNMA POOL #915154 5% DUE 04-01-2037 REG |
108,785.39 | |||||||||
FNMA POOL #924874 7% 10-01-2037 BEO |
4,531.26 | |||||||||
FNMA POOL #928938 7% 12-01-2037 BEO |
5,007.51 | |||||||||
FNMA POOL #934648 7% DUE 11-01-2038 BEO |
19,594.54 | |||||||||
FNMA POOL #955183 7% 11-01-2037 BEO |
9,591.94 | |||||||||
FNMA POOL #959477 6% 12-01-2037 BEO |
111,891.92 | |||||||||
FNMA POOL #974156 7% 02-01-2038 BEO |
3,969.46 | |||||||||
FNMA POOL #983077 5% 05-01-2038 BEO |
92,983.52 | |||||||||
FNMA POOL #985867 7% DUE 08-01-2038 BEO |
2,672.65 | |||||||||
FNMA POOL #991549 7% 11-01-2038 BEO |
5,261.09 | |||||||||
FNMA POOL #995072 5.5% 08-01-2038 BEO |
32,619.65 | |||||||||
GNMA POOL #AC8757 3.5 DUE 05-15-2043 REG |
308,342.21 | |||||||||
GNMA POOL #MA1678 4% 02-20-2044 BEO |
535,654.17 |
24.
GNMA POOL #4617 4.5% 01-20-2040 BEO |
444,343.02 | |||||||||
GNMA POOL #4772 5% 08-20-2040 BEO |
24,432.71 | |||||||||
GNMA POOL #4871 6% 11-20-2040 BEO |
69,569.72 | |||||||||
GNMA POOL #4882 4% 12-20-2040 BEO |
1,143,393.82 | |||||||||
GNMA POOL #4928 6% 01-20-2041 BEO |
74,178.36 | |||||||||
GNMA POOL #5240 6% 11-20-2041 BEO |
48,022.75 | |||||||||
GNMAII POOL #4696 SER 2040 4.5% DUE 05-20-2040 REG |
592,138.09 | |||||||||
GNMAII POOL #783368 SER 2041 4.5% DUE 07-20-2041 BEO |
168,949.72 | |||||||||
TOTAL MORTGAGE BACKED SECURITIES | 75,111,361.30 | |||||||||
CORPORATE BONDS | ||||||||||
ABBVIE INC 3.6% 05-14-2025 |
173,335.40 | |||||||||
ACTAVIS FDG SCS 4.75% DUE 03-15-2045 |
127,625.42 | |||||||||
AETNA INC NEW 2.8% DUE 06-15-2023 |
128,051.17 | |||||||||
AMERN AIRLS 2013-2 4.95 DUE 01-15-2023 |
170,411.05 | |||||||||
ANHEUSER-BUSCH 3.65% DUE 02-01-2026 |
98,473.43 | |||||||||
ANHEUSER-BUSCH 4.9% DUE 02-01-2046 |
92,954.82 | |||||||||
APPLE INC 4.65% DUE 02-23-2046 |
134,981.13 | |||||||||
AT&T INC 4.75% DUE 05-15-2046 |
99,479.00 | |||||||||
AT&T INC 4.8% DUE 06-15-2044 |
51,970.27 | |||||||||
BANK AMER CORP 3.875% DUE 08-01-2025 |
127,103.88 | |||||||||
BANK AMER CORP 5.65% DUE 05-01-2018 |
104,776.20 | |||||||||
BAXALTA INC 2.875% DUE 06-23-2020 |
99,975.00 | |||||||||
BEAR STEARNS COS INC BEAR STEARNS CO 6.410 2 17 6.4% DUE 10-02-2017 |
207,189.20 | |||||||||
BERKSHIRE HATHAWAY 4.4% DUE 05-15-2042 |
131,594.25 | |||||||||
BK AMER N A CHARLOTTE N C MEDIUM TERM TRANCHE # TR 00229 5.3 DUE 03-15-2017 |
302,323.50 | |||||||||
BK AMER N A CHARLOTTE N C MEDIUM TERM TRANCHE # TR 00237 6.1 DUE 06-15-2017 |
204,066.40 | |||||||||
BOARDWALK 5.2% DUE 06-01-2018 |
181,185.73 | |||||||||
BURL NORTHN SANTA 4.15% DUE 04-01-2045 |
40,564.24 | |||||||||
CAP 1 BK USA NATL 1.2% DUE 02-13-2017 |
124,974.88 | |||||||||
CATHOLIC HLTH 2.95 DUE 11-01-2022 |
82,698.20 | |||||||||
CELGENE CORP 5% DUE 08-15-2045 |
77,979.75 | |||||||||
CHARTER 4.464% DUE 07-23-2022 |
141,079.19 | |||||||||
CITIGROUP INC GLOBAL SUB NT FLTG RATE DUE 08-25-2036 REG |
214,599.78 | |||||||||
CITIGROUP INC 6.125% DUE 11-21-2017 |
212,914.85 | |||||||||
CONTINENTAL AIRLS PASS THRU TR 2007-1A 5.983% DUE 04-19-2023 |
166,733.20 | |||||||||
DUKE ENERGY IND 3.75% DUE 05-15-2046 |
94,057.40 | |||||||||
ESSEX PORTFOLIO L 5.5% DUE 03-15-2017 |
176,397.55 | |||||||||
EXPRESS SCRIPTS 3.4% DUE 03-01-2027 |
74,952.88 | |||||||||
FARMERS EXCHANGE FLTG RT 5.454% DUE 10-15-2054 |
146,079.00 | |||||||||
FORD MTR CR CO LLC FLTG RT 1.94928% DUE 01-09-2018 |
250,735.25 | |||||||||
GEN MTRS FINL CO 4.75 DUE 08-15-2017 |
50,948.40 | |||||||||
GENERAL ELEC CO 4.5% DUE 03-11-2044 |
134,184.38 | |||||||||
GILEAD SCIENCES 4.5% DUE 02-01-2045 |
79,932.72 | |||||||||
GOLDMAN SACHS GROUP INC 5.95 DUE 01-18-2018 |
234,391.95 | |||||||||
GOLDMAN SACHS 4.75% DUE 10-21-2045 |
84,451.44 | |||||||||
HCP INC 3.4% DUE 02-01-2025 |
167,444.03 | |||||||||
HEALTHCARE RLTY TR 5.75% DUE 01-15-2021 |
137,381.75 | |||||||||
HLTH CARE REIT INC 4.7% DUE 09-15-2017 |
127,684.63 | |||||||||
ITC HLDGS CORP 3.25% DUE 06-30-2026 |
121,430.88 | |||||||||
* |
JPMORGAN CHASE & CO FORMERLY J P MORGAN 6 DUE 01-15-2018 BEO |
412,034.38 | ||||||||
* |
JPMORGAN CHASE & 2.95% DUE 10-01-2026 |
128,855.88 | ||||||||
KRAFT HEINZ FOODS 4.375% DUE 06-01-2046 |
94,097.90 | |||||||||
MICROSOFT CORP 3.75% DUE 02-12-2045 |
70,331.33 | |||||||||
MICROSOFT CORP 4.45% DUE 11-03-2045 |
53,270.95 | |||||||||
MIDAMERICAN ENERGY 4.8% DUE 09-15-2043 |
193,579.75 | |||||||||
MORGAN STANLEY FORMERLY MORGAN STANLEY MORGAN STANLEY 5.95 DUE 12-28-2017 |
312,249.00 |
25.
NOBLE ENERGY INC 5.25% DUE 11-15-2043 |
20,372.28 | |||||||||
NORTHEAST UTILS 3.15% DUE 01-15-2025 |
98,731.40 | |||||||||
NYU HOSPS CTR 4.784% DUE 07-01-2044 |
104,266.90 | |||||||||
PVTPL AMGEN INC SR NT 144A 4.663% DUE 06-15-2051/06-14-2016 BEO |
56,705.37 | |||||||||
PVTPL DUQUESNE LT HLDGS INC SR NT 144A 6.4% DUE 09-15-2020/09-13-2010 BEO |
223,157.40 | |||||||||
PVTPL FIRSTENERGY TRANSMISSION LLC SR NT144A 5.45% DUE 07-15-2044/05-19-2014 BEO |
106,156.70 | |||||||||
PVTPL FLORIDA GAS TRANSMISSION CO SR NT 144A 7.9% DUE 05-15-2019 BEO |
207,023.33 | |||||||||
PVTPL HBOS PLC MED TRM SUB NTS BK ENTRY TRANCHE # SB 00008 6.75 5-21-2018 BEO |
131,812.13 | |||||||||
PVTPL INTL LEASE FIN CORP SR SECD NT 144A 7.125 DUE 09-01-2018/08-20-2010 BEO |
107,750.00 | |||||||||
PVTPL KEYSPAN GAS EAST CORP SR NT 144A 2.742% DUE 08-15-2026/08-05-2016 BEO |
52,213.54 | |||||||||
PVTPL PROTECTIVE LIFE GLOBAL FDG MEDIUM TERM N 1.722% DUE 04-15-2019 BEO |
148,799.85 | |||||||||
PVTPL WEA FIN LLC/WESTFIELD UK & EUROPE FIN NT 144A 2.7 9-17-2019/09-17-2014BEO |
202,289.40 | |||||||||
RECKSON OPER 4.5% DUE 12-01-2022 |
100,996.30 | |||||||||
REGENCY ENERGY 4.5 DUE 11-01-2023 |
101,472.50 | |||||||||
SANTANDER UK PLC 1.65% DUE 09-29-2017 |
125,132.50 | |||||||||
SHELL INTERNATIONAL FIN 4.375% DUE 05-11-2045 |
55,713.74 | |||||||||
SHIRE ACQUISITIONS 1.9% DUE 09-23-2019 |
98,732.20 | |||||||||
SPCL1 GEN ELEC CAP CORP 5.875% DUE 01-14-2038 |
94,389.68 | |||||||||
SPECTRA ENERGY 4.5% DUE 03-15-2045 |
95,085.10 | |||||||||
UBS AG STAMFORD 1.375% DUE 06-01-2017 |
249,941.50 | |||||||||
UNITEDHEALTH GROUP 4.625% DUE 07-15-2035 |
87,203.12 | |||||||||
UTD TECHNOLOGIES STEP CPN 1.778% DUE 05-04-2018 |
150,032.70 | |||||||||
VENTAS REALTY LP 3.5% DUE 02-01-2025 |
221,518.35 | |||||||||
VENTAS RLTY LTD 3.25% DUE 10-15-2026 |
71,158.73 | |||||||||
VERIZON COMMUNICATIONS 4.522% 09-15-2048 |
71,918.40 | |||||||||
VERIZON 4.862% DUE 08-21-2046 |
126,661.75 | |||||||||
WALGREENS BOOTS FIXED 4.8% DUE 11-18-2044 |
51,390.45 | |||||||||
WALGREENS BOOTS 3.45% DUE 06-01-2026 |
78,528.08 | |||||||||
WASTE MGMT INC DEL 6.1% DUE 03-15-2018 |
131,653.38 | |||||||||
WELLS FARGO & CO 2.5% DUE 03-04-2021 |
208,443.90 | |||||||||
WELLS FARGO & CO 3% DUE 04-22-2026 |
66,796.24 | |||||||||
WELLS FARGO BK N A 2.15% DUE 12-06-2019 |
249,845.00 | |||||||||
WELLTOWER INC 4.25% DUE 04-01-2026 |
77,744.03 | |||||||||
WILLIAMS PARTNERS 3.6% DUE 03-15-2022 |
100,529.10 | |||||||||
* |
MFO METROPOLITAN WEST FUNDS HIGH YIELD BD FD CL I |
1,002,984.47 | ||||||||
NEW YORK N Y CITY MUN WTR FIN AUTH WTR &SWR SYS REV 5.44% 06-15-2043 BEO TAXABLE |
91,935.00 | |||||||||
NEW YORK N Y TAXABLE-SER D-1-BUILD AMER BDS 5.985% DUE 12-01-2036 REG TAXABLE |
75,314.40 | |||||||||
NEW YORK N Y 5.206% 10-01-2031 BEO TAXABLE |
74,523.15 | |||||||||
NEW YORK ST DORM AUTH ST PERS INCOME TAXREV 5.427% 03-15-2039 BEO TAXABLE |
90,325.50 | |||||||||
UNIVERSITY CALIF REVS 3.931% 05-15-2045 BEO TAXABLE |
98,990.00 | |||||||||
ABBOTT LABS 3.75% DUE 11-30-2026 |
278,065.48 | |||||||||
ABBVIE INC 2.9% DUE 11-06-2022 |
222,243.53 | |||||||||
ABBVIE INC 3.6% 05-14-2025 |
173,335.40 | |||||||||
ACTAVIS FDG SCS 1.85% DUE 03-01-2017 |
100,097.30 | |||||||||
ACTAVIS FDG SCS 3.45% DUE 03-15-2022 |
101,500.90 | |||||||||
ACTAVIS FUNDING SCS FIXED 3.8% DUE 03-15-2025 |
215,253.27 |
26.
AEP TEX CENT CO 3.85% DUE 10-01-2025 |
205,340.40 | |||||||||
AETNA INC NEW 2.8% DUE 06-15-2023 |
280,727.57 | |||||||||
AGL CAP CORP 3.5% DUE 09-15-2021 |
308,331.90 | |||||||||
AMCOR FIN USA INC 3.625% DUE 04-28-2026 |
244,869.00 | |||||||||
AMGEN INC 5.85% DUE 06-01-2017 |
330,959.20 | |||||||||
ANHEUSER-BUSCH 3.65% DUE 02-01-2026 |
228,417.75 | |||||||||
ASTRAZENECA PLC 3.375% DUE 11-16-2025 |
198,618.40 | |||||||||
AT&T INC 3.6% DUE 02-17-2023 |
403,408.00 | |||||||||
AT&T INC 3.8% DUE 03-15-2022 |
205,027.80 | |||||||||
BANK AMER CORP MTN 6% DUE 09-01-2017 |
617,387.40 | |||||||||
BANK AMER CORP 3.875% DUE 08-01-2025 |
254,207.75 | |||||||||
BANK AMER CORP 5.7% DUE 01-24-2022 |
224,647.60 | |||||||||
BANK OF AMER CORP 5.00 DUE 05-13-2021 |
217,807.60 | |||||||||
BAXALTA INC 2.875% DUE 06-23-2020 |
149,962.50 | |||||||||
BAXALTA INC 2% DUE 06-22-2018 |
200,010.60 | |||||||||
BLACK HILLS CORP 3.95% DUE 01-15-2026 |
178,694.95 | |||||||||
BOSTON PPTYS LTD PARTNERSHIP 3.7 15 NOV 2018 |
154,505.70 | |||||||||
CELGENE CORP 2.875% DUE 08-15-2020 |
101,145.50 | |||||||||
CELGENE CORP 3.875% DUE 08-15-2025 |
177,504.25 | |||||||||
CHARTER 4.464% DUE 07-23-2022 |
313,509.30 | |||||||||
CITIGROUP INC 6.125% DUE 11-21-2017 |
275,231.39 | |||||||||
CMO CONTINENTAL AIRLS PASS THRU TRS SER 2000-1 CTF CL A-1 8.048 5-1-22BEO |
236,231.44 | |||||||||
CONTINENTAL AIRLS PASS THRU TR 2007-1A 5.983% DUE 04-19-2023 |
208,416.48 | |||||||||
DELTA AIR LINES INC DEL PASS THRU TRS SER 2002-1 CL G-1 6.718 01-02-2023 BEO |
559,601.02 | |||||||||
DEVON ENERGY CORP 3.25% DUE 05-15-2022 |
124,206.88 | |||||||||
DISCOVER BK FIXED 2.6% DUE 11-13-2018 |
347,991.84 | |||||||||
DUKE ENERGY 3.25% DUE 08-15-2025 |
304,632.90 | |||||||||
EL PASO ELEC CO 3.3% DUE 12-15-2022 |
341,491.50 | |||||||||
ENBRIDGE ENERGY 5.875% DUE 10-15-2025 |
133,790.40 | |||||||||
ENTERGY ARK INC 3.05% DUE 06-01-2023 |
225,833.40 | |||||||||
ENTERGY TEX INC 7.125% DUE 02-01-2019 |
220,098.40 | |||||||||
FORD MTR CR CO LLC 3.157% DUE 08-04-2020 |
231,709.82 | |||||||||
GILEAD SCIENCES 3.7% DUE 04-01-2024 |
307,927.50 | |||||||||
GOLDMAN SACHS 2.625% DUE 04-25-2021 |
273,003.23 | |||||||||
GOLDMAN SACHS 3.85% DUE 07-08-2024 |
290,925.44 | |||||||||
GOLDMAN SACHS 6.15% DUE 04-01-2018 |
631,149.00 | |||||||||
GUARDIAN LIFE 2% DUE 04-26-2021 |
390,113.60 | |||||||||
HCP INC 3.4% DUE 02-01-2025 |
144,480.27 | |||||||||
HCP INC 4% DUE 12-01-2022 |
180,147.28 | |||||||||
HEALTHCARE RLTY TR 3.75 DUE 04-15-2023 |
249,106.00 | |||||||||
ITC HLDGS CORP 3.65% DUE 06-15-2024 |
350,801.85 | |||||||||
JERSEY CENT PWR & 4.8% DUE 06-15-2018 |
335,909.28 | |||||||||
KAISER FOUNDATION HOSPITAL 3.5 DUE 04-01-2022 REG |
180,590.38 | |||||||||
KRAFT HEINZ FOODS 3.95% DUE 07-15-2025 |
116,499.03 | |||||||||
KRAFT HEINZ FOODS 3% DUE 06-01-2026 |
107,966.26 | |||||||||
LIBERTY PPTY LTD 4.125% DUE 06-15-2022 |
312,461.40 | |||||||||
MERRILL LYNCH & CO INC MEDIUM TERM NTS BTRANCHE # TR 00677 6.875% DUE 04-25-2018 |
212,582.00 | |||||||||
MIDAMERICAN ENERGY 3.5% DUE 10-15-2024 |
232,570.58 | |||||||||
MORGAN STANLEY GLOBAL MEDIUM TERM NT SERF 5.625 DUE 09-23-2019 |
650,376.00 | |||||||||
MORGAN STANLEY MORGAN STANLEY 5.55% DUE 04-27-2017/04-27-2007 |
303,970.50 | |||||||||
MORGAN STANLEY 3.875% DUE 01-27-2026 |
101,010.60 | |||||||||
MYLAN N V 3% DUE 12-15-2018 |
302,169.60 | |||||||||
NEXTERA ENERGY CAP 2.056% DUE 09-01-2017 |
351,541.75 | |||||||||
ONCOR ELEC 5.75% DUE 09-30-2020 |
333,625.80 | |||||||||
PIEDMONT OPER 3.4% DUE 06-01-2023 |
236,252.00 |
27.
PNC BK NA PITT PA 1.7% DUE 12-07-2018 | 549,004.50 | |||||||||
PRIN LIFE GLOBAL 2.625% DUE 11-19-2020 | 299,850.30 | |||||||||
PROTECTIVE LIFE FLTG RT 1.208% DUE 06-08-2018 | 400,054.00 | |||||||||
PROVID HLTH & SVCS 4.379% DUE 10-01-2023 | 160,577.25 | |||||||||
PUB SVC CO N MEX FIXED 3.85% DUE 08-01-2025 | 181,415.50 | |||||||||
PUB SVC CO N MEX 7.95% DUE 05-15-2018 | 269,888.00 | |||||||||
PUGET ENERGY INC NEW SR SECD NT 6 9-1-2021 | 223,987.80 | |||||||||
PVTPL BROOKLYN UNION GAS CO 3.407% BDS 03-10-2026 USD2000 | 402,277.20 | |||||||||
PVTPL DUQUESNE LT HLDGS INC SR NT 144A 6.4% DUE 09-15-2020/09-13-2010 BEO | 390,525.45 | |||||||||
PVTPL INTL LEASE FIN CORP SR SECD NT 144A 7.125 DUE 09-01-2018/08-20-2010 BEO | 538,750.00 | |||||||||
PVTPL METROPOLITAN EDISON CO SR NT 144A 4% DUE 04-15-2025 BEO | 161,079.68 | |||||||||
PVTPL METROPOLITAN LIFE INS CO SURPLUS NT 144A 7.8% DUE 11-01-2025 REG | 314,584.75 | |||||||||
PVTPL NATIONWIDE MUT INS CO FLTG RT SURPNT 144A 5.81 12-15-2024/2004 BEO | 246,059.75 | |||||||||
PVTPL NEW YORK LIFE GLOBAL FDG 1.55% DUE 11-02-2018 | 299,142.00 | |||||||||
PVTPL PRICOA GLOBAL FDG I MEDIUM TERM NTS BOOK 2.55% 11-24-2020 | 230,045.54 | |||||||||
PVTPL PRICOA GLOBAL FUNDING 1 2.2% DUE 06-03-2021 | 196,443.60 | |||||||||
PVTPL RUBY PIPELINE L L C NT 6 DUE 04-01-2022 | 205,287.20 | |||||||||
PVTPL TEXAS EASTN TRANSMISSION LP SR NT 2.8 DUE 10-15-2022 | 389,342.80 | |||||||||
PVTPL WEA FIN LLC/WESTFIELD UK & EUROPE FIN NT 144A 2.7 9-17-2019/09-17-2014BEO | 404,578.80 | |||||||||
REGENCY ENERGY 4.5 DUE 11-01-2023 | 304,417.50 | |||||||||
REGENCY ENERGY 5% DUE 10-01-2022 | 105,970.00 | |||||||||
ROGERS 6.8% DUE 08-15-2018 | 215,649.40 | |||||||||
SANTANDER UK PLC 1.375% DUE 03-13-2017 | 250,067.25 | |||||||||
SHELL INTERNATIONAL FIN 3.25% 05-11-2025 | 149,877.00 | |||||||||
SOUTHWESTN ELEC 3.55 DUE 02-15-2022 | 207,328.40 | |||||||||
TEVA 2.8% DUE 07-21-2023 | 269,778.44 | |||||||||
TUCSON ELEC PWR CO 3.85 DUE 03-15-2023 | 176,448.83 | |||||||||
TUCSON ELEC PWR CO 5.15 DUE 11-15-2021 | 327,281.10 | |||||||||
U.S AWYS 2011-1 7.125% DUE 10-22-2023 | 200,105.61 | |||||||||
US AWYS PASS THRU TRS 6.85% DUE 07-30-2019 | 201,816.96 | |||||||||
US AWYS PASS THRU 6.25% DUE 04-22-2023 | 304,243.59 | |||||||||
UTD TECHNOLOGIES STEP CPN 1.778% DUE 05-04-2018 | 225,049.05 | |||||||||
VENTAS RLTY LTD PARTNERSHIP 1.25 DUE 04-17-2017 | 599,721.00 | |||||||||
VERIZON COMMUNICATIONS 5.15 BDS DUE 09-15-2023 USD2000 REG | 552,871.50 | |||||||||
WALGREENS BOOTS FIXED 3.8% DUE 11-18-2024 | 412,198.88 | |||||||||
WELLPOINT INC 1.875% DUE 01-15-2018 | 400,176.00 | |||||||||
WELLS FARGO & CO 2.55% DUE 12-07-2020 | 290,331.47 | |||||||||
WELLS FARGO & CO 3% DUE 04-22-2026 | 147,905.96 | |||||||||
WELLS FARGO BK N A SAN FRANCISCO CALIF MTRANCHE # TR 00841 1.65% DUE 01-22-2018 | 289,992.17 | |||||||||
WELLS FARGO BK N A 2.15% DUE 12-06-2019 | 274,829.50 | |||||||||
WILLIAMS PARTNERS 3.35 DUE 08-15-2022 | 98,440.30 | |||||||||
WILLIAMS PARTNERS 3.6% DUE 03-15-2022 | 125,661.38 | |||||||||
ABBOTT LABS 2.35% DUE 11-22-2019 | 100,117.90 | |||||||||
ABBOTT LABS 3.4% DUE 11-30-2023 | 229,135.43 | |||||||||
ABN AMRO BK N V 4.65% DUE 06-04-2018 | 182,989.44 | |||||||||
ACE INA HLDGS INC 2.3% DUE 11-03-2020 | 49,988.55 | |||||||||
ACE INA HLDGS INC 3.35% DUE 05-03-2026 | 40,516.44 | |||||||||
ACTAVIS FDG SCS 3.45% DUE 03-15-2022 | 111,650.99 | |||||||||
ACTAVIS FUNDING SCS FIXED 3.8% DUE 03-15-2025 | 90,106.02 | |||||||||
AETNA INC NEW 2.4% DUE 06-15-2021 | 79,637.76 | |||||||||
AETNA INC NEW 2.8% DUE 06-15-2023 | 19,700.18 | |||||||||
AETNA INC NEW 3.2% DUE 06-15-2026 | 128,604.97 |
28.
AGILENT 5% DUE 07-15-2020 |
345,307.84 | |||||||||
ALTRIA GROUP INC 2.85 DUE 08-09-2022 REG |
180,220.50 | |||||||||
ALTRIA GROUP INC 2.95% DUE 05-02-2023 |
449,703.00 | |||||||||
ALTRIA GROUP INC 9.25% DUE 08-06-2019 |
117,997.20 | |||||||||
AMERN INTL GROUP 6.4% DUE 12-15-2020 |
318,803.52 | |||||||||
ANADARKO PETE CORP 5.55% DUE 03-15-2026 |
100,733.40 | |||||||||
ANHEUSER BUSCH GTD NT 5.375 DUE 01-15-2020 |
130,883.28 | |||||||||
ANHEUSER BUSCH INBEV FIN INC 3.7 DUE 02-01-2024 |
51,685.40 | |||||||||
ANHEUSER BUSCH 2.5% DUE 07-15-2022 |
275,577.68 | |||||||||
ANHEUSER-BUSCH 2.65% DUE 02-01-2021 |
100,574.50 | |||||||||
ANHEUSER-BUSCH 3.3% DUE 02-01-2023 |
162,837.12 | |||||||||
ANHEUSER-BUSCH 3.65% DUE 02-01-2026 |
233,493.70 | |||||||||
APACHE CORP 3.25 DUE 04-15-2022 REG |
199,078.96 | |||||||||
APPLE INC 2.45% DUE 08-04-2026 |
65,698.29 | |||||||||
AT&T INC 3.4% DUE 05-15-2025 |
202,402.83 | |||||||||
AT&T INC 4.45% DUE 05-15-2021 |
42,303.00 | |||||||||
AT&T INC 5.5% DUE 02-01-2018 |
155,848.80 | |||||||||
BAKER HUGHES INC 3.2 DUE 08-15-2021 |
32,685.25 | |||||||||
BANK AMER CORP BDS 4 04-01-2024 |
474,415.94 | |||||||||
BANK AMER CORP 3.3% DUE 01-11-2023 |
40,133.60 | |||||||||
BANK AMER CORP 3.5% DUE 04-19-2026 |
128,267.36 | |||||||||
BANK AMER CORP 4.1% DUE 07-24-2023 |
1,023,708.00 | |||||||||
BANK AMER CORP 4% DUE 01-22-2025 |
70,087.92 | |||||||||
BANK AMER CORP 5.625% DUE 07-01-2020 |
32,986.59 | |||||||||
BANK OF AMERICA CORP BNDS 4.2 DUE 08-26-2024 |
193,553.76 | |||||||||
BANK OF AMERICA CORP 2.6 DUE 01-15-2019 |
161,367.68 | |||||||||
BARRICK GOLD CORP 4.1% DUE 05-01-2023 |
215,426.61 | |||||||||
BHP BILLITON FIN USA LTD 6.5 DUE 04-01-2019 |
219,544.80 | |||||||||
BHP BILLITON FIN 2.875% DUE 02-24-2022 |
20,161.82 | |||||||||
BHP BILLITON FIN 3.25% DUE 11-21-2021 |
123,633.60 | |||||||||
BNP PARIBAS / BNP US MEDIUM TERM NTS 2.375 DUE 09-14-2017 |
120,801.24 | |||||||||
BNP PARIBAS US MEDIUM TERMTRANCHE # TR 330 2.7 DUE 08-20-2018 |
293,773.77 | |||||||||
BOEING CO SR NT 6 DUE 03-15-2019 |
283,925.46 | |||||||||
BP CAP MKTS P L C 3.119% DUE 05-04-2026 |
87,900.12 | |||||||||
BP CAP MKTS P L C 3.216% DUE 11-28-2023 |
131,298.57 | |||||||||
BP CAP MKTS P L C 3.245 DUE 05-06-2022 |
51,056.65 | |||||||||
BP CAP MKTS P L C 3.506% DUE 03-17-2025 |
70,669.20 | |||||||||
BRIT TELECOM 2.35 DUE 02-14-2019 |
261,516.32 | |||||||||
CELGENE CORP 3.55% DUE 08-15-2022 |
51,279.50 | |||||||||
CELGENE CORP 3.875% DUE 08-15-2025 |
121,717.20 | |||||||||
CHARTER 4.908% DUE 07-23-2025 |
200,246.70 | |||||||||
CITIGROUP INC 3.5% DUE 05-15-2023 |
398,708.80 | |||||||||
CITIGROUP INC 4.3% DUE 11-20-2026 |
40,365.12 | |||||||||
CITIGROUP INC 4.4% DUE 06-10-2025 |
143,227.00 | |||||||||
CITIGROUP INC 5.5% DUE 09-13-2025 |
934,159.35 | |||||||||
CNOOC FIN 2015 U S 3.5% DUE 05-05-2025 |
505,410.88 | |||||||||
COMCAST CORP NEW 2.85% DUE 01-15-2023 |
199,480.80 | |||||||||
COMCAST CORP NEW 3.375 DUE 02-15-2025 |
50,527.30 | |||||||||
COMCAST CORP NEW 5.15% DUE 03-01-2020 |
251,062.02 | |||||||||
CONOCOPHILLIPS 6 DUE 01-15-2020 |
22,086.76 | |||||||||
COOPERATIEVE 4.375% DUE 08-04-2025 |
256,532.00 | |||||||||
COOPERATIEVE 4.625% DUE 12-01-2023 |
1,578,135.00 | |||||||||
CR SUISSE AG FIXED 3.625% DUE 09-09-2024 |
251,670.25 | |||||||||
CVS CAREMARK CORP 4 DUE 12-05-2023 |
263,411.25 | |||||||||
CVS HEALTH CORP 2.8% DUE 07-20-2020 |
172,482.85 | |||||||||
CVS HEALTH CORP 3.875% DUE 07-20-2025 |
63,959.20 | |||||||||
CVS HEALTH CORP 4.125% DUE 05-15-2021 |
317,434.50 | |||||||||
DEUTSCHE BK AG 6% DUE 09-01-2017 |
348,044.74 |
29.
DEVON ENERGY CORP 3.25% DUE 05-15-2022 |
99,365.50 | |||||||||
DEVON ENERGY CORP 5.85% DUE 12-15-2025 |
124,975.07 | |||||||||
DIAGEO CAP PLC GTD NT 4.828 DUE 07-15-2020 |
325,371.30 | |||||||||
DUKE ENERGY CORP 3.55% DUE 09-15-2021 |
165,622.24 | |||||||||
EATON CORP OHIO 2.75% DUE 11-02-2022 |
307,034.54 | |||||||||
ECOLAB INC 4.35% DUE 12-08-2021 |
43,226.32 | |||||||||
ECOPETROL S A 5.375% DUE 06-26-2026 |
169,150.00 | |||||||||
EL PASO NAT GAS CO 5.95% DUE 04-15-2017 |
606,744.60 | |||||||||
EOG RES INC 4.15% DUE 01-15-2026 |
62,789.70 | |||||||||
EXXON MOBIL CORP 3.043% DUE 03-01-2026 |
149,796.75 | |||||||||
FORD MTR CR CO LLC 8.125% DUE 01-15-2020 |
784,163.08 | |||||||||
GE CAP INTL FDG CO 2.342% DUE 11-15-2020 |
1,086,481.50 | |||||||||
GEN ELEC CAP CORP MEDIUM TERM NTS BO TRANCHE # TR 00849 4.65 DUE 10-17-2021 |
308,240.14 | |||||||||
GEN ELEC CAP CORP 5.3% DUE 02-11-2021 |
155,268.12 | |||||||||
GEN ELEC CAP CORP 6% DUE 08-07-2019 |
111,591.37 | |||||||||
GEN MTRS FINL CO 3.7% DUE 05-09-2023 |
186,957.53 | |||||||||
GEN MTRS FINL CO 3.7% DUE 11-24-2020 |
81,380.00 | |||||||||
GILEAD SCIENCES 2.05% DUE 04-01-2019 |
401,277.20 | |||||||||
GILEAD SCIENCES 2.5% DUE 09-01-2023 |
57,859.26 | |||||||||
GOLDMAN SACHS GROUP INC SR NT 3.625 01-22-2023 |
459,635.40 | |||||||||
GOLDMAN SACHS GROUP INC 7.5 02-15-2019 MTN1 |
388,003.35 | |||||||||
GOLDMAN SACHS 2.3% DUE 12-13-2019 |
409,534.65 | |||||||||
GOLDMAN SACHS 3.5% DUE 11-16-2026 |
87,928.65 | |||||||||
GOLDMAN SACHS 4.25% DUE 10-21-2025 |
91,425.69 | |||||||||
GOLDMAN SACHS 4% DUE 03-03-2024 |
435,715.98 | |||||||||
GOLDMAN SACHS 6 DUE 06-15-2020 |
1,286,371.56 | |||||||||
HALLIBURTON CO 3.8% DUE 11-15-2025 |
132,066.61 | |||||||||
HSBC FIN CORP 6.676% DUE 01-15-2021 |
112,404.10 | |||||||||
HSBC HLDGS PLC 2.95% DUE 05-25-2021 |
519,802.92 | |||||||||
HSBC HLDGS PLC 3.4% DUE 03-08-2021 |
355,907.65 | |||||||||
HSBC HLDGS PLC 4.25% DUE 08-18-2025 |
211,921.08 | |||||||||
HUMANA INC 3.15 DUE 12-01-2022 |
39,969.72 | |||||||||
HUMANA INC 7.2% DUE 06-15-2018 |
225,735.93 | |||||||||
INTEL CORP 3.7% DUE 07-29-2025 |
21,095.10 | |||||||||
INTL LEASE FIN 5.875% DUE 08-15-2022 |
390,600.00 | |||||||||
KIMBERLY CLARK 6.125% DUE 08-01-2017 |
144,038.72 | |||||||||
KLA-TENCOR CORP 4.125% DUE 11-01-2021 |
271,130.60 | |||||||||
KRAFT FOODS GROUP 5.375% DUE 02-10-2020 |
206,873.06 | |||||||||
KROGER CO 4 DUE 02-01-2024 |
135,656.30 | |||||||||
LOCKHEED MARTIN 3.35 DUE 09-15-2021 |
51,634.00 | |||||||||
LOCKHEED MARTIN 3.55% DUE 01-15-2026 |
81,736.96 | |||||||||
MASTERCARD INC 3.375 DUE 04-01-2024 BEO |
185,146.92 | |||||||||
* |
MCDONALDS CORP 2.75% DUE 12-09-2020 |
273,009.69 | ||||||||
MEDTRONIC INC 3.125 DUE 03-15-2022 REG |
194,123.76 | |||||||||
MERCK & CO INC NEW FIXED 2.75% DUE 02-10-2025 |
19,637.24 | |||||||||
MERRILL LYNCH & CO INC MEDIUM TERM NTS BTRANCHE # TR 00677 6.875% DUE 04-25-2018 |
159,436.50 | |||||||||
MERRILL LYNCH & CO INC SUB NT 5.7% DUE 05-02-2017/05-02-2007 |
506,813.50 | |||||||||
METLIFE INC FIXED 2.463% DUE 12-15-2017 |
100,258.00 | |||||||||
METLIFE INC SR NT 4.368% SER D STEP UP 09-15-2023 09-11-2015 |
484,245.00 | |||||||||
MICROSOFT CORP 2.4% DUE 08-08-2026 |
179,492.43 | |||||||||
MORGAN STANLEY MORGAN STANLEY 5.55% DUE 04-27-2017/04-27-2007 |
466,088.10 | |||||||||
NBCUNIVERSAL MEDIA LLC SR NT 4.375 4-1-2021 |
10,803.19 | |||||||||
NEWELL BRANDS INC 3.15% DUE 04-01-2021 |
30,530.88 | |||||||||
NEWELL BRANDS INC 3.85% DUE 04-01-2023 |
103,730.70 | |||||||||
NOBLE ENERGY INC 4.15% DUE 12-15-2021 |
291,392.36 | |||||||||
OCCIDENTAL PETE 3.125% DUE 02-15-2022 |
91,989.18 |
30.
OCCIDENTAL PETE 3.4% DUE 04-15-2026 |
90,678.96 | |||||||||
OCCIDENTAL PETE 3% DUE 02-15-2027 |
116,109.00 | |||||||||
ORACLE CORP 1.2% DUE 10-15-2017 |
190,045.03 | |||||||||
PERRIGO CO PLC 2.3% DUE 11-08-2018 |
409,455.52 | |||||||||
PHILIP MORRIS INTL 5.65% DUE 05-16-2018 |
400,516.96 | |||||||||
PHILLIPS 66 2.95% DUE 05-01-2017 |
100,557.80 | |||||||||
POTASH CORP SASK 4.875% DUE 03-30-2020 |
31,894.29 | |||||||||
PVTPL AVIATION CAP GROUP CORP SR NT 144A6.75% DUE 04-06-2021 BEO |
80,850.00 | |||||||||
PVTPL HEINZ H J CO 4.875% DUE 02-15-2025 |
118,665.36 | |||||||||
PVTPL HYUNDAI CAP AMER 2.4% DUE 10-30-2018 BEO |
220,917.84 | |||||||||
PVTPL WRIGLEY WM JR CO NT 2.9 DUE 10-21-2019 |
508,731.00 | |||||||||
RABOBANK NEDERLAND UTREC 3.375 19 JAN 2017 |
230,209.76 | |||||||||
REPUBLIC SVCS INC 3.2% DUE 03-15-2025 |
158,697.76 | |||||||||
REYNOLDS AMERN INC FIXED 4.45% DUE 06-12-2025 |
200,604.09 | |||||||||
REYNOLDS AMERN INC 3.25% DUE 06-12-2020 |
45,085.22 | |||||||||
REYNOLDS AMERN INC 8.125% DUE 06-23-2019 |
296,617.36 | |||||||||
SANTANDER HLDGS 3.45% DUE 08-27-2018 |
172,573.29 | |||||||||
SCHLUMBERGER HLDGS CORP 144A 3.0% 12-21-2020 BEO |
296,134.37 | |||||||||
SHELL INTERNATIONAL FIN 3.25% 05-11-2025 |
129,893.40 | |||||||||
SHELL INTL FIN B V GTD NT 4.375 DUE 03-25-2020 |
122,849.56 | |||||||||
SHELL INTL FIN B V 2.25% DUE 11-10-2020 |
329,540.64 | |||||||||
SHELL INTL FIN B V 2.875% DUE 05-10-2026 |
38,671.68 | |||||||||
SINOPEC GRP 4.375 DUE 04-10-2024 |
540,362.16 | |||||||||
SYNCHRONY FINANCIAL 3 NTS 08-15-2019 USD1000 |
121,555.08 | |||||||||
THERMO FISHER SCIENTIFIC INC 2.4 DUE 02-01-2019 REG |
151,140.30 | |||||||||
THERMO FISHER 3.6% DUE 08-15-2021 |
82,681.04 | |||||||||
TIME WARNER CABLE INC 8.25 DUE 04-01-2019 REG |
11,237.00 | |||||||||
TIME WARNER CABLE 4% DUE 09-01-2021 |
564,813.15 | |||||||||
TIME WARNER INC NEW NT 4.75 DUE 03-29-2021 |
214,260.20 | |||||||||
TOYOTA MTR CR CORP MEDIUM TERM NTS BOOK TRANCHE # TR 00893 1.375 01-10-2018 |
259,671.10 | |||||||||
TYSON FOODS INC 3.9 DUE 08-15-2024 |
234,322.62 | |||||||||
UNITEDHEALTH GROUP 1.625% DUE 03-15-2019 |
478,157.28 | |||||||||
UNITEDHEALTH GROUP 2.875% DUE 03-15-2023 |
250,858.25 | |||||||||
UTD TECHNOLOGIES 4.5% DUE 04-15-2020 |
64,750.98 | |||||||||
VERIZON COMMUNICATIONS 5.15 BDS DUE 09-15-2023 USD2000 REG |
298,550.61 | |||||||||
VERIZON FIXED 3.5% DUE 11-01-2024 |
69,775.44 | |||||||||
VERIZON 2.45% DUE 11-01-2022 |
19,318.16 | |||||||||
VERIZON 2.625% DUE 02-21-2020 |
259,465.66 | |||||||||
VIACOM INC NEW 3.875% DUE 04-01-2024 |
29,115.66 | |||||||||
VISA INC 2.2% DUE 12-14-2020 |
280,870.52 | |||||||||
VISA INC 3.15% DUE 12-14-2025 |
110,482.46 | |||||||||
WAL-MART STORES 4.25% DUE 04-15-2021 |
216,293.40 | |||||||||
WALGREENS BOOTS 3.45% DUE 06-01-2026 |
147,240.15 | |||||||||
WASTE MGMT INC DEL 3.5% DUE 05-15-2024 |
113,414.29 | |||||||||
WELLPOINT INC NT 4.35 DUE 08-15-2020 |
179,414.60 | |||||||||
WELLPOINT INC 3.125% DUE 05-15-2022 |
80,040.56 | |||||||||
WELLPOINT INC 3.7% DUE 08-15-2021 |
82,714.32 | |||||||||
WELLS FARGO & CO NEW MEDIUM TERM SR NTS 1.5 01-16-2018 |
19,976.04 | |||||||||
WELLS FARGO & CO NEW MEDIUM TERM SR 4.125 DUE 08-15-2023 |
320,762.89 | |||||||||
WELLS FARGO & CO TRANCHE # SR 00129 3.45DUE 02-13-2023 |
140,503.86 | |||||||||
WELLS FARGO & CO 3% DUE 10-23-2026 |
171,431.46 | |||||||||
WELLS FARGO & COMPANY 4.6 MTN TRANCHE # SR 00116 DUE 04-01-2021 USD1000 |
537,270.00 | |||||||||
WELLS FARGO BANK NATL ASSOCIATION TRANCHE # SB 00008 6% DUE 11-15-2017 |
259,448.00 | |||||||||
WESTPAC BKG CORP 4.875% DUE 11-19-2019 |
214,615.80 | |||||||||
WYETH 5.45% DUE 04-01-2017 |
232,371.53 |
31.
ZOETIS INC 1.875% DUE 02-01-2018 | 69,999.79 | |||||
TOTAL CORPORATE BONDS | 79,904,633.37 | |||||
UNITED STATES TREASURIES | ||||||
UNITED STATES TREAS BDS DTD 11/15/2016 2.875% DUE 11-15-2046 REG | 1,819,909.07 | |||||
UNITED STATES TREAS NTS DTD 1.5% DUE 01-31-2019 REG | 522,823.60 | |||||
UNITED STATES TREAS NTS DTD 10/31/2012 .75% DUE 10-31-2017 REG | 3,091,221.59 | |||||
UNITED STATES TREAS NTS US TREASURY N/B 1.75 11-30-2021 1.75 DUE 11-30-2021 REG | 2,883,325.80 | |||||
UNITED STATES TREAS NTS WI TREASURY NOTE.75% DUE 10-31-2018 REG | 431,873.22 | |||||
UNITED STATES TREAS NTS WI TREASURY NOTE1% DUE 11-30-2018 REG | 378,782.86 | |||||
UNITED STATES TREAS NTS WI TREASURY NOTE2% DUE 11-15-2026 REG | 2,342,830.38 | |||||
UNITED STATES TREAS NTS 1.5% 12-31-2018 | 1,453,409.90 | |||||
UNITED STATES TREAS NTS 1% DUE 12-31-2017 REG | 720,562.32 | |||||
UNITED STATES TREASURY 1.25% DUE 10-31-2021 REG | 1,924,830.68 | |||||
UTD STATES TREAS 1.125% DUE 09-30-2021 | 670,376.15 | |||||
UTD STATES TREAS 1.5% DUE 01-31-2022 | 1,295,084.15 | |||||
UNITED STATES OF AMER TREAS BILLS 04-06-2017 DTD 10/06/2016 | 44,938.76 | |||||
TSY INFL IX N/B TREAS BONDS 0.75% 02-15-2045 | 299,406.96 | |||||
UNITED STATES TREAS BDS 1.375 02-15-2044 REG | 328,227.93 | |||||
UNITED STATES TREAS INFL NTS 0.375% DTD 07/15/2015 07-15-2025 | 719,736.54 | |||||
FFCB TRANCHE 09-18-2017 | 1,111,024.53 | |||||
UNITED STATES TREAS NTS DTD 1.5% DUE 01-31-2019 REG | 1,095,918.70 | |||||
UNITED STATES TREAS NTS DTD 10/31/2012 .75% DUE 10-31-2017 REG | 14,207,230.44 | |||||
UNITED STATES TREAS NTS US TREASURY N/B 1.75 11-30-2021 1.75 DUE 11-30-2021 REG | 8,540,798.10 | |||||
UNITED STATES TREAS NTS WI TREASURY NOTE.75% DUE 10-31-2018 REG | 1,365,116.50 | |||||
UNITED STATES TREAS NTS WI TREASURY NOTE2% DUE 11-15-2026 REG | 4,801,118.52 | |||||
UNITED STATES TREAS NTS 1.5% 12-31-2018 | 5,466,631.70 | |||||
UNITED STATES TREAS NTS 1% DUE 12-31-2017 REG | 10,107,888.10 | |||||
UNITED STATES TREASURY 1.25% DUE 10-31-2021 REG | 6,269,032.92 | |||||
UTD STATES TREAS 1.5% DUE 01-31-2022 | 3,010,459.76 | |||||
UTD STATES TREAS 1.875% DUE 05-31-2022 | 525,735.09 | |||||
UNITED STATES OF AMER INFL INDXD TREAS NOTES 0.25% TB 01-15-25 USD1000 A-2025 | 1,204,373.28 | |||||
UNITED STATES TREAS INFL NTS 0.375% DTD 07/15/2015 07-15-2025 | 420,691.08 | |||||
NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5.267% 05-01-2027 BEO TAXABLE | 288,965.00 | |||||
UNITED STATES OF AMER TREAS BILLS 04-06-2017 DTD 10/06/2016 | 69,904.73 | |||||
FHLB BD 5.625 06-11-2021 | 1,155,478.00 | |||||
FHLMC PREASSIGN 00074 2.375 01-13-2022 | 935,094.44 | |||||
FHLMC 1.25 10-02-2019 | 1,590,641.60 | |||||
PETROLEOS 3.5% DUE 01-30-2023 | 716,040.00 | |||||
TENNESSEE VALLEY AUTH 2011 GLOBAL PWR BDSER A 3.875% DUE 02-15-2021 REG | 2,657,759.52 | |||||
PERU REP BD 6.55 DUE 03-14-2037 BEO | 439,425.00 | |||||
REPUBLIC OF COLOMBIA 5.625 02-26-2044 REG | 360,500.00 | |||||
STATE TREAS REP POLAND NT 5.125% DUE 04-21-2021 REG | 403,644.10 | |||||
STATE TREAS REP POLAND 4 DUE 01-22-2024 REG | 439,785.94 | |||||
UNITED MEXICAN STS MEDIUM TERM BOOK 3.625% 03-15-2022 | 210,420.00 | |||||
UNITED STATES TREAS BDS DTD 11/15/2016 2.875% DUE 11-15-2046 REG | 550,317.33 | |||||
UNITED STATES TREAS BDS 2.875 DUE DUE 05-15-2043 | 2,182,929.48 | |||||
UNITED STATES TREAS BDS 3.375 05-15-2044REG | 10,604.30 | |||||
UNITED STATES TREAS BDS 3% DUE 05-1 5-2045 | 424,188.12 | |||||
UNITED STATES TREAS NTS .875 DUE 04-15-2017 REG | 210,219.87 | |||||
UNITED STATES TREAS NTS .875% DUE 11-15-2017 | 20,000.78 | |||||
UNITED STATES TREAS NTS DTD 02/28/2013 .75% DUE 02-28-2018 REG | 129,695.28 | |||||
UNITED STATES TREAS NTS DTD 02/29/2016 1.5% DUE 02-28-2023 REG | 4,780,131.09 | |||||
UNITED STATES TREAS NTS DTD 03/31/2015 1.375% DUE 03-31-2020 REG | 9,947.66 |
32.
33.
The Plan . 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.
McDonalds 401k Plan (formerly known as the McDonalds Corporation Profit Sharing and Savings Plan) |
||||||
Dated: June 26, 2017 | By: |
/s/ David Carroll |
||||
Name: | David Carroll | |||||
Title: | Corporate Vice President Global Total Rewards |
34.
Exhibit Number |
Description of Exhibit |
|
23.1 | Consent of Crowe Horwath, LLP Independent Registered Public Accounting Firm |
35.
1 Year McDonalds Chart |
1 Month McDonalds Chart |
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