Original filing (PDF)20250925160705NAL0012456850001

GLAXOSMITHKLINE LLC

Name: GLAXOSMITHKLINE LLC — GLAXOSMITHKLINE CASH BALANCE PENSION PLAN, Form 5500 (2024)
Creator: GLAXOSMITHKLINE LLC

Form 5500

FILING_RECEIVED

GLAXOSMITHKLINE CASH BALANCE PENSION PLAN

Defined-benefit pension plan

Signals · 1

15 service providers

Active participants

7,110

Accounts w/ balance

—

Plan assets (EOY)

$2.9B

Net assets (EOY)

$2.9B

How this plan invests

This plan

5 pooled trusts

Schedule D

1,459 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score (directional)

/ 100

Grade A

Top-tier plan health

Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.

Compliance & disclosures

100

Concentration risk

100

Total plan cost

Vendor stack

Participation health

100

Knocking points off

22 bps in Schedule C fees — 346% above peer band of 5 bps.
Plan is frozen (1I) — no new benefit accrual.

Decision-maker contacts

CFO / Head of HR / Benefits Manager — verified email + LinkedIn for GLAXOSMITHKLINE LLC.

Plan sponsor

Name

GLAXOSMITHKLINE LLC

EIN

23-1099050

Address

FMC TOWER AT CIRA CENTRE SOUTH · 2929 WALNUT STREET, SUITE 1700 · PHILADELPHIA, PA · 19104

Phone

(215) 751-4908

Industry

Manufacturingsee all

Plan administrator

Name

GLAXOSMITHKLINE LLC

EIN

23-1099050

City

DURHAM, NC

Phone

(215) 751-4908

Plan characteristics

Plan number

003

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-09-25

Pension benefit codes

1A · Pay-related DB formula

1C · Cash balance or similar hybrid DB

1I · Frozen plan — no new benefit accrual

3F · Sponsor used leased employees

3H · Sponsor in controlled / affiliated group

3J · U.S. plan covering Puerto Rico residents

Audit & trust (Schedule H)

Auditor

DELOITTE & TOUCHE LLP

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

15 rows

Custodian

Name	EIN	Location	Relation	Direct comp	Indirect comp
THE BANK OF NEW YORK MELLON	13-5160382	—	CUSTODIAN & TRUSTEE	$483K	—

Recordkeeper

Name	EIN	Location	Relation	Direct comp	Indirect comp
ALIGHT SOLUTIONS	36-2235791	—	RECORDKEEPER	$2.1M	—

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
LEGAL & GENERAL INVSTMT MGMT AMER	20-8058531	—	NONE	$1.6M	—
JENNISON ASSOCIATES LLC	22-2540245	—	NONE	$624K	—
INCOME RESEARCH & MANAGEMENT	04-2955404	—	NONE	$509K	—
WALTER SCOTT & PARTNERS LTD	98-0465834	—	NONE	$428K	—
TOWERS WATSON DELAWARE INC	53-0181291	—	NONE	$312K	—
ROCATON INVESTMENT ADVISORS	04-3638035	—	NONE	$139K	—
STATE STREET GLOBAL ADVISORS	81-4017137	—	NONE	$120K	—
DELOITTE & TOUCHE LLP	13-3891517	—	NONE	$88K	—
MARATHON ASSET MANAGEMENT LIMITED	98-1669899	—	NONE	$42K	—
JOHN HANCOCK LIFE INSURANCE COMPANY	01-0233346	—	NONE	$30K	—
PRICEWATERHOUSECOOPERS LLP	13-4008324	—	NONE	$15K	—
APEX FINTECH SOLUTIONS	—	DALLAS, TX	NONE	$13K	—
MSCI	—	NEW YORK, NY	NONE	$5K	—

Investments

1,103 direct securities · 5 pooled funds· $2.5B(86% of reported assets)

Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.

Uncategorized

$2.0B

1103 holdings

Common Collective Trust

$541.0M

5 holdings

Investment	Type	Shares / units	Cost	Current value	% of plan
SSGA RUSSELL 3000 INDEX NL FUND STATE STREET GLOBAL ADVISORS TRUST COMPANY · EIN 04-0025081 / PN 042	Common Collective Trust	—	$256.5M	$385.3M	13.3%
EQUITABLE REAL ESTATE PARTNERSHIP/JOINT VENTURE	—	—	$67.6M	$123.7M	4.3%
BLACKROCK LIQ T FUND INSTL REGISTERED INVESTMENT COMPANY	—	—	$121.8M	$121.8M	4.2%
U S TREASURY NOTE 4.250% 11/15/2034 DD 11/15/24 U. S. GOVERNMENT SECURITIES	—	—	$111.6M	$109.6M	3.8%
STATE STREET MSCI EAFE INDX NL FUND STATE STREET BANK AND TRUST COMPANY · EIN 04-0025081 / PN 241	Common Collective Trust	—	$69.9M	$93.1M	3.2%
SS DAILY MSCI EMERG MKTS IND NL FD STATE STREET BANK AND TRUST COMPANY · EIN 04-0025081 / PN 192	Common Collective Trust	—	$57.0M	$62.6M	2.2%
U S TREASURY NOTE 4.375% 05/15/2034 DD 05/15/24 U. S. GOVERNMENT SECURITIES	—	—	$56.6M	$53.5M	1.8%
U S TREASURY NOTE 4.000% 07/31/2029 DD 07/31/24 U. S. GOVERNMENT SECURITIES	—	—	$50.6M	$49.2M	1.7%
U S TREASURY BOND 4.500% 08/15/2039 DD 08/15/09 U. S. GOVERNMENT SECURITIES	—	—	$44.5M	$43.8M	1.5%
U S TREASURY BOND 4.375% 11/15/2039 DD 11/15/09 U. S. GOVERNMENT SECURITIES	—	—	$41.7M	$41.3M	1.4%
U S TREASURY NOTE 4.125% 07/31/2031 DD 07/31/24 U. S. GOVERNMENT SECURITIES	—	—	$42.9M	$41.2M	1.4%
U S TREASURY NOTE 3.750% 08/31/2031 DD 08/31/24 U. S. GOVERNMENT SECURITIES	—	—	$37.3M	$35.4M	1.2%
U S TREASURY NOTE 4.250% 02/28/2031 DD 02/29/24 U. S. GOVERNMENT SECURITIES	—	—	$30.3M	$29.7M	1.0%
U S TREASURY BD PRIN STRIP 0.000% 11/15/2043 DD 11/15/13 U. S. GOVERNMENT SECURITIES	—	—	$30.6M	$28.2M	1.0%
U S TREASURY BOND 3.875% 08/15/2040 DD 08/15/10 U. S. GOVERNMENT SECURITIES	—	—	$29.1M	$27.0M	0.9%
U S TREASURY NOTE 4.625% 06/30/2026 DD 06/30/24 U. S. GOVERNMENT SECURITIES	—	—	$25.3M	$25.1M	0.9%
U S TREASURY NOTE 4.000% 02/28/2030 DD 02/28/23 U. S. GOVERNMENT SECURITIES	—	—	$25.3M	$24.5M	0.8%
U S TREASURY NOTE 4.250% 01/31/2026 DD 01/31/24 U. S. GOVERNMENT SECURITIES	—	—	$23.8M	$24.0M	0.8%
As of December 31, 2024 U S TREASURY BOND 4.250% 11/15/2040 DD 11/15/10 U. S. GOVERNMENT SECURITIES	—	—	$27.4M	$23.5M	0.8%
U S TREASURY BOND 4.750% 02/15/2041 DD 02/15/11 U. S. GOVERNMENT SECURITIES	—	—	$26.7M	$22.9M	0.8%
U S TREASURY BD PRIN STRIP 0.000% 08/15/2043 DD 08/15/13 U. S. GOVERNMENT SECURITIES	—	—	$24.2M	$22.5M	0.8%
U S TREASURY BD CPN STRIP 0.000% 05/15/2034 DD 08/15/07 U. S. GOVERNMENT SECURITIES	—	—	$25.2M	$22.2M	0.8%
RESOLUTION FDG CORP PRIN STRIP 0.000% 04/15/2030 DD 04/15/90 U. S. GOVERNMENT SECURITIES	—	—	$14.6M	$21.5M	0.7%
U S TREASURY BOND 4.625% 11/15/2044 DD 11/15/24 U. S. GOVERNMENT SECURITIES	—	—	$20.7M	$20.0M	0.7%
U S TREASURY NOTE 4.250% 02/28/2029 DD 02/29/24 U. S. GOVERNMENT SECURITIES	—	—	$20.1M	$19.9M	0.7%
U S TREASURY NOTE 4.500% 11/15/2033 DD 11/15/23 U. S. GOVERNMENT SECURITIES	—	—	$19.7M	$19.1M	0.7%
U S TREASURY NOTE 2.625% 02/15/2029 DD 02/15/19 U. S. GOVERNMENT SECURITIES	—	—	$21.6M	$18.7M	0.6%
U S TREASURY BD CPN STRIP 0.000% 08/15/2034 DD 02/15/06 U. S. GOVERNMENT SECURITIES	—	—	$20.6M	$17.7M	0.6%
U S TREASURY NOTE 4.000% 01/31/2031 DD 01/31/24 U. S. GOVERNMENT SECURITIES	—	—	$16.7M	$16.6M	0.6%
U S TREASURY NOTE 2.375% 04/30/2026 DD 04/30/19 U. S. GOVERNMENT SECURITIES	—	—	$15.7M	$14.6M	0.5%
U S TREASURY BD PRIN STRIP 0.000% 05/15/2043 DD 05/15/13 U. S. GOVERNMENT SECURITIES	—	—	$15.5M	$14.4M	0.5%
U S TREASURY NOTE 0.625% 03/31/2027 DD 03/31/20 U. S. GOVERNMENT SECURITIES	—	—	$15.1M	$13.8M	0.5%
U S TREASURY BOND 4.000% 11/15/2042 DD 11/15/22 U. S. GOVERNMENT SECURITIES	—	—	$14.6M	$13.5M	0.5%
U S TREASURY BOND 4.250% 08/15/2054 DD 08/15/24 U. S. GOVERNMENT SECURITIES	—	—	$12.9M	$12.4M	0.4%
U S TREASURY BOND 2.375% 02/15/2042 DD 02/15/22 U. S. GOVERNMENT SECURITIES	—	—	$14.0M	$10.7M	0.4%
JOHN HANCOCK GROUP ANNUITY 0.000% 12/31/2049 DD 01/01/96 UNALLOCATED INSURANCE CONTRACT	—	—	$10.7M	$10.7M	0.4%
U S TREASURY NOTE 4.375% 08/31/2028 DD 08/31/23 U. S. GOVERNMENT SECURITIES	—	—	$10.1M	$10.0M	0.3%
U S TREASURY BOND 3.875% 02/15/2043 DD 02/15/23 U. S. GOVERNMENT SECURITIES	—	—	$9.5M	$8.8M	0.3%
U S TREASURY BD CPN STRIP 0.000% 02/15/2036 DD 02/15/06 U. S. GOVERNMENT SECURITIES	—	—	$9.3M	$8.2M	0.3%
U S TREASURY BOND 3.875% 05/15/2043 DD 05/15/23 U. S. GOVERNMENT SECURITIES	—	—	$8.6M	$8.1M	0.3%
U S TREASURY BOND 3.625% 08/15/2043 DD 08/15/13 U. S. GOVERNMENT SECURITIES	—	—	$8.5M	$8.1M	0.3%
U S TREASURY BD CPN STRIP 0.000% 02/15/2039 DD 02/17/09 U. S. GOVERNMENT SECURITIES	—	—	$6.7M	$6.5M	0.2%
U S TREASURY BD CPN STRIP 0.000% 05/15/2039 DD 05/15/09 U. S. GOVERNMENT SECURITIES	—	—	$6.6M	$6.4M	0.2%
U S TREASURY BD CPN STRIP 0.000% 08/15/2039 DD 08/17/09 U. S. GOVERNMENT SECURITIES	—	—	$6.5M	$6.3M	0.2%
U S TREASURY BD CPN STRIP 0.000% 11/15/2039 DD 11/16/09 U. S. GOVERNMENT SECURITIES	—	—	$6.5M	$6.2M	0.2%
U S TREASURY BOND 2.875% 05/15/2043 DD 05/15/13 U. S. GOVERNMENT SECURITIES	—	—	$6.2M	$5.6M	0.2%
U S TREASURY NOTE 3.500% 09/30/2029 DD 09/30/24 U. S. GOVERNMENT SECURITIES	—	—	$4.9M	$4.8M	0.2%
DUKE ENERGY CAROLINAS LLC 5.300% 02/15/2040 DD 11/19/09 CORPORATE DEBT INSTRUMENTS	—	—	$5.1M	$4.7M	0.2%
U S TREASURY BOND 3.375% 05/15/2044 DD 05/15/14 U. S. GOVERNMENT SECURITIES	—	—	$5.0M	$4.6M	0.2%
U S TREASURY BOND 3.500% 02/15/2039 DD 02/15/09 U. S. GOVERNMENT SECURITIES	—	—	$5.1M	$4.4M	0.2%
ANHEUSER-BUSCH COS LLC / ANHEU 4.900% 02/01/2046 DD 02/01/19 CORPORATE DEBT INSTRUMENTS	—	—	$4.4M	$4.1M	0.1%
U S TREASURY NOTE 4.000% 01/31/2029 DD 01/31/24 U. S. GOVERNMENT SECURITIES	—	—	$3.7M	$3.7M	0.1%
U S TREASURY BOND 3.375% 08/15/2042 DD 08/15/22 U. S. GOVERNMENT SECURITIES	—	—	$3.7M	$3.4M	0.1%
BANK OF AMERICA CORP VAR RT 06/19/2041 DD 06/19/20 CORPORATE DEBT INSTRUMENTS	—	—	$3.6M	$3.3M	0.1%
AT&T INC 3.550% 09/15/2055 DD 03/15/21 CORPORATE DEBT INSTRUMENTS	—	—	$3.8M	$3.2M	0.1%
HSBC BANK USA NA 7.000% 01/15/2039 DD 06/18/08 CORPORATE DEBT INSTRUMENTS	—	—	$3.5M	$3.2M	0.1%
BURLINGTON NORTHERN SANTA FE L 4.450% 03/15/2043 DD 03/12/13 CORPORATE DEBT INSTRUMENTS	—	—	$3.6M	$3.2M	0.1%
U S TREASURY BOND 1.375% 11/15/2040 DD 11/15/20 U. S. GOVERNMENT SECURITIES	—	—	$4.8M	$3.1M	0.1%
U S TREASURY BD CPN STRIP 0.000% 02/15/2035 DD 02/15/06 U. S. GOVERNMENT SECURITIES	—	—	$4.0M	$3.1M	0.1%
VERIZON COMMUNICATIONS INC 3.700% 03/22/2061 DD 03/22/21 CORPORATE DEBT INSTRUMENTS	—	—	$4.5M	$3.1M	0.1%
JPMORGAN CHASE & CO 5.600% 07/15/2041 DD 07/21/11 CORPORATE DEBT INSTRUMENTS	—	—	$3.0M	$3.0M	0.1%
VERIZON COMMUNICATIONS INC 4.272% 01/15/2036 DD 07/15/15 CORPORATE DEBT INSTRUMENTS	—	—	$3.3M	$3.0M	0.1%
U S TREASURY BOND 3.875% 05/15/2043 DD 05/15/23 U. S. GOVERNMENT SECURITIES	—	—	$3.2M	$2.9M	0.1%
VERIZON COMMUNICATIONS INC 3.550% 03/22/2051 DD 03/22/21 CORPORATE DEBT INSTRUMENTS	—	—	$4.4M	$2.9M	0.1%
AT&T INC 3.500% 09/15/2053 DD 03/15/21 CORPORATE DEBT INSTRUMENTS	—	—	$3.6M	$2.9M	<0.1%
ORACLE CORP 3.950% 03/25/2051 DD 03/24/21 CORPORATE DEBT INSTRUMENTS	—	—	$3.7M	$2.8M	<0.1%
CITIGROUP INC 8.125% 07/15/2039 DD 07/23/09 CORPORATE DEBT INSTRUMENTS	—	—	$2.8M	$2.8M	<0.1%
VIRGINIA ELECTRIC AND POWER CO 8.875% 11/15/2038 DD 11/06/08 CORPORATE DEBT INSTRUMENTS	—	—	$3.3M	$2.8M	<0.1%
ANHEUSER-BUSCH COS LLC / ANHEU 4.700% 02/01/2036 DD 02/01/19 CORPORATE DEBT INSTRUMENTS	—	—	$2.8M	$2.8M	<0.1%
AMGEN INC 5.650% 03/02/2053 DD 03/02/23 CORPORATE DEBT INSTRUMENTS	—	—	$2.9M	$2.8M	<0.1%
AT&T INC 3.550% 09/15/2055 DD 03/15/21 CORPORATE DEBT INSTRUMENTS	—	—	$3.3M	$2.7M	<0.1%
U S TREASURY BOND 4.625% 05/15/2044 DD 05/15/24 U. S. GOVERNMENT SECURITIES	—	—	$2.8M	$2.7M	<0.1%
GOLDMAN SACHS GROUP INC/THE 6.250% 02/01/2041 DD 01/28/11 CORPORATE DEBT INSTRUMENTS	—	—	$3.0M	$2.7M	<0.1%
KINDER MORGAN INC 5.050% 02/15/2046 DD 02/26/15 CORPORATE DEBT INSTRUMENTS	—	—	$3.1M	$2.7M	<0.1%
ENTERPRISE PRODUCTS OPERATING 6.450% 09/01/2040 DD 05/20/10 CORPORATE DEBT INSTRUMENTS	—	—	$2.9M	$2.6M	<0.1%
WELLS FARGO BANK NA 5.850% 02/01/2037 DD 01/29/07 CORPORATE DEBT INSTRUMENTS	—	—	$2.9M	$2.6M	<0.1%
SHELL FINANCE US INC 4.375% 05/11/2045 DD 05/11/24 CORPORATE DEBT INSTRUMENTS	—	—	$2.9M	$2.6M	<0.1%
UNION PACIFIC CORP 4.000% 04/15/2047 DD 04/05/17 CORPORATE DEBT INSTRUMENTS	—	—	$3.1M	$2.5M	<0.1%
PRUDENTIAL FINANCIAL INC 5.700% 12/14/2036 DD 12/14/06 CORPORATE DEBT INSTRUMENTS	—	—	$2.5M	$2.5M	<0.1%
DUKE ENERGY FLORIDA LLC 3.400% 10/01/2046 DD 09/09/16 CORPORATE DEBT INSTRUMENTS	—	—	$3.4M	$2.4M	<0.1%
U S TREASURY NOTE 3.875% 08/15/2034 DD 08/15/24 U. S. GOVERNMENT SECURITIES	—	—	$2.5M	$2.4M	<0.1%
TAIWAN SEMICONDUCTOR MANUFACTU ADR CORPORATE STOCK - COMMON	—	—	$159K	$2.4M	<0.1%
BURLINGTON NORTHERN SANTA FE L 6.200% 08/15/2036 DD 08/17/06 CORPORATE DEBT INSTRUMENTS	—	—	$2.4M	$2.4M	<0.1%
NORTHERN STATES POWER CO/MN 6.200% 07/01/2037 DD 06/26/07 CORPORATE DEBT INSTRUMENTS	—	—	$2.5M	$2.4M	<0.1%
META PLATFORMS INC 5.600% 05/15/2053 DD 05/03/23 CORPORATE DEBT INSTRUMENTS	—	—	$2.4M	$2.4M	<0.1%
ENERGY TRANSFER LP 5.000% 05/15/2050 DD 01/22/20 CORPORATE DEBT INSTRUMENTS	—	—	$2.4M	$2.3M	<0.1%
U S TREASURY BOND 4.500% 02/15/2044 DD 02/15/24 U. S. GOVERNMENT SECURITIES	—	—	$2.4M	$2.3M	<0.1%
CHARTER COMMUNICATIONS OPERATI 5.375% 05/01/2047 DD 11/01/17 CORPORATE DEBT INSTRUMENTS	—	—	$2.8M	$2.3M	<0.1%
U S TREASURY BOND 4.375% 08/15/2043 DD 08/15/23 U. S. GOVERNMENT SECURITIES	—	—	$2.3M	$2.2M	<0.1%
ANHEUSER-BUSCH COS LLC / ANHEU 4.900% 02/01/2046 DD 02/01/19 CORPORATE DEBT INSTRUMENTS	—	—	$2.4M	$2.2M	<0.1%
PG&E RECOVERY FUNDING LLC 5.529% 06/01/2051 DD 08/01/24 CORPORATE DEBT INSTRUMENTS	—	—	$2.2M	$2.2M	<0.1%
PFIZER INVESTMENT ENTERPRISES 5.300% 05/19/2053 DD 05/19/23 CORPORATE DEBT INSTRUMENTS	—	—	$2.3M	$2.2M	<0.1%
METLIFE INC 4.050% 03/01/2045 DD 03/05/15 CORPORATE DEBT INSTRUMENTS	—	—	$2.6M	$2.2M	<0.1%
VODAFONE GROUP PLC 5.750% 06/28/2054 DD 06/28/24 CORPORATE DEBT INSTRUMENTS	—	—	$2.2M	$2.2M	<0.1%
FIRSTENERGY PENNSYLVANIA ELECT 6.150% 10/01/2038 DD 09/30/09 CORPORATE DEBT INSTRUMENTS	—	—	$2.2M	$2.2M	<0.1%
ANHEUSER-BUSCH COS LLC / ANHEU 4.900% 02/01/2046 DD 02/01/19 CORPORATE DEBT INSTRUMENTS	—	—	$2.2M	$2.1M	<0.1%
BOEING CO/THE 5.805% 05/01/2050 DD 05/04/20 CORPORATE DEBT INSTRUMENTS	—	—	$2.5M	$2.1M	<0.1%
ALABAMA POWER CO 6.000% 03/01/2039 DD 03/06/09 CORPORATE DEBT INSTRUMENTS	—	—	$2.2M	$2.1M	<0.1%
FLORIDA POWER & LIGHT CO 2.850% 04/01/2025 DD 03/27/20 CORPORATE DEBT INSTRUMENTS	—	—	$2.3M	$2.1M	<0.1%
CHUBB INA HOLDINGS LLC 3.150% 03/15/2025 DD 03/16/15 CORPORATE DEBT INSTRUMENTS	—	—	$2.3M	$2.1M	<0.1%
COMCAST CORP 2.887% 11/01/2051 DD 05/01/22 CORPORATE DEBT INSTRUMENTS	—	—	$3.3M	$2.1M	<0.1%
WARNERMEDIA HOLDINGS INC 5.141% 03/15/2052 DD 03/15/23 CORPORATE DEBT INSTRUMENTS	—	—	$2.2M	$2.0M	<0.1%
RTX CORP 4.500% 06/01/2042 DD 06/01/12 CORPORATE DEBT INSTRUMENTS	—	—	$2.5M	$2.0M	<0.1%
EXELON CORP 4.950% 06/15/2035 DD 12/15/15 CORPORATE DEBT INSTRUMENTS	—	—	$2.1M	$2.0M	<0.1%
JOHNSON & JOHNSON 2.950% 03/03/2027 DD 03/03/17 CORPORATE DEBT INSTRUMENTS	—	—	$2.3M	$2.0M	<0.1%
SHELL INTERNATIONAL FINANCE BV 5.500% 03/25/2040 DD 03/25/10 CORPORATE DEBT INSTRUMENTS	—	—	$2.1M	$2.0M	<0.1%
ROGERS COMMUNICATIONS INC 5.000% 03/15/2044 DD 03/10/14 CORPORATE DEBT INSTRUMENTS	—	—	$2.2M	$2.0M	<0.1%
MICROSOFT CORP 3.300% 02/06/2027 DD 02/06/17 CORPORATE DEBT INSTRUMENTS	—	—	$2.3M	$2.0M	<0.1%
UNIVERSITY OF NOTRE DAME DU LA 1.637% 02/15/2030 DD 06/10/20 CORPORATE DEBT INSTRUMENTS	—	—	$2.3M	$1.9M	<0.1%
GOLDMAN SACHS GROUP INC/THE 6.750% 10/01/2037 DD 10/03/07 CORPORATE DEBT INSTRUMENTS	—	—	$1.8M	$1.9M	<0.1%
As of December 31, 2024 BANK OF AMERICA CORP VAR RT 04/22/2042 DD 04/22/21 CORPORATE DEBT INSTRUMENTS	—	—	$2.5M	$1.9M	<0.1%
COMCAST CORP 4.049% 11/01/2052 DD 10/19/17 CORPORATE DEBT INSTRUMENTS	—	—	$2.7M	$1.9M	<0.1%
LELAND STANFORD JUNIOR UNIVERS 1.289% 06/01/2027 DD 06/04/20 CORPORATE DEBT INSTRUMENTS	—	—	$2.1M	$1.9M	<0.1%
ALIMENTATION COUCHE-TARD INC CORPORATE STOCK - COMMON	—	—	$841K	$1.9M	<0.1%
CVS HEALTH CORP 5.050% 03/25/2048 DD 03/09/18 CORPORATE DEBT INSTRUMENTS	—	—	$2.2M	$1.9M	<0.1%
BOEING CO/THE 5.805% 05/01/2050 DD 05/04/20 CORPORATE DEBT INSTRUMENTS	—	—	$2.2M	$1.9M	<0.1%
WELLS FARGO & CO 3.900% 05/01/2045 DD 04/30/15 CORPORATE DEBT INSTRUMENTS	—	—	$2.5M	$1.9M	<0.1%
SEMPRA 6.000% 10/15/2039 DD 10/08/09 CORPORATE DEBT INSTRUMENTS	—	—	$2.1M	$1.9M	<0.1%
PACIFIC GAS AND ELECTRIC CO 6.750% 01/15/2053 DD 01/06/23 CORPORATE DEBT INSTRUMENTS	—	—	$1.8M	$1.9M	<0.1%
AMAZON.COM INC 3.950% 04/13/2052 DD 04/13/22 CORPORATE DEBT INSTRUMENTS	—	—	$2.3M	$1.9M	<0.1%
GOLDMAN SACHS GROUP INC/THE VAR RT 11/19/2045 DD 11/19/24 CORPORATE DEBT INSTRUMENTS	—	—	$1.9M	$1.9M	<0.1%
ENERGY TRANSFER LP 5.950% 10/01/2043 DD 09/19/13 CORPORATE DEBT INSTRUMENTS	—	—	$2.0M	$1.8M	<0.1%
ABBOTT LABORATORIES 4.900% 11/30/2046 DD 11/22/16 CORPORATE DEBT INSTRUMENTS	—	—	$1.9M	$1.8M	<0.1%
CITIGROUP INC VAR RT 04/24/2048 DD 04/25/17 CORPORATE DEBT INSTRUMENTS	—	—	$2.5M	$1.8M	<0.1%
BAE SYSTEMS PLC 144A 5.800% 10/11/2041 DD 10/11/11 CORPORATE DEBT INSTRUMENTS	—	—	$1.8M	$1.8M	<0.1%
CVS PASS-THROUGH TRUST 144A 7.507% 01/10/2032 DD 12/22/09 CORPORATE DEBT INSTRUMENTS	—	—	$1.7M	$1.8M	<0.1%
BANK OF AMERICA CORP 7.750% 05/14/2038 DD 05/14/08 CORPORATE DEBT INSTRUMENTS	—	—	$2.0M	$1.8M	<0.1%
ERP OPERATING LP 3.375% 06/01/2025 DD 05/14/15 CORPORATE DEBT INSTRUMENTS	—	—	$1.9M	$1.8M	<0.1%
LOUISVILLE GAS AND ELECTRIC CO 3.300% 10/01/2025 DD 09/28/15 CORPORATE DEBT INSTRUMENTS	—	—	$2.0M	$1.7M	<0.1%
AMAZON.COM INC 3.250% 05/12/2061 DD 05/12/21 CORPORATE DEBT INSTRUMENTS	—	—	$2.6M	$1.7M	<0.1%
AVALONBAY COMMUNITIES INC 2.900% 10/15/2026 DD 10/05/16 CORPORATE DEBT INSTRUMENTS	—	—	$1.9M	$1.7M	<0.1%
GEORGIA POWER CO 4.300% 03/15/2042 DD 03/06/12 CORPORATE DEBT INSTRUMENTS	—	—	$2.0M	$1.7M	<0.1%
RTX CORP 4.500% 06/01/2042 DD 06/01/12 CORPORATE DEBT INSTRUMENTS	—	—	$2.1M	$1.7M	<0.1%
BROADCOM INC 144A 3.750% 02/15/2051 DD 01/19/21 CORPORATE DEBT INSTRUMENTS	—	—	$2.3M	$1.7M	<0.1%
PFIZER INVESTMENT ENTERPRISES 5.110% 05/19/2043 DD 05/19/23 CORPORATE DEBT INSTRUMENTS	—	—	$1.8M	$1.7M	<0.1%
VERIZON COMMUNICATIONS INC 3.700% 03/22/2061 DD 03/22/21 CORPORATE DEBT INSTRUMENTS	—	—	$2.5M	$1.7M	<0.1%
CONSOLIDATED EDISON CO OF NEW 3.950% 03/01/2043 DD 02/28/13 CORPORATE DEBT INSTRUMENTS	—	—	$2.1M	$1.7M	<0.1%
CONOCOPHILLIPS CO 4.025% 03/15/2062 DD 09/15/22 CORPORATE DEBT INSTRUMENTS	—	—	$2.3M	$1.7M	<0.1%
ANHEUSER-BUSCH COS LLC / ANHEU 4.700% 02/01/2036 DD 02/01/19 CORPORATE DEBT INSTRUMENTS	—	—	$1.8M	$1.7M	<0.1%
NATIONAL RURAL UTILITIES COOPE 3.250% 11/01/2025 DD 10/27/15 CORPORATE DEBT INSTRUMENTS	—	—	$1.9M	$1.7M	<0.1%
HONEYWELL INTERNATIONAL INC 5.250% 03/01/2054 DD 03/01/24 CORPORATE DEBT INSTRUMENTS	—	—	$1.8M	$1.7M	<0.1%
RTX CORP 4.350% 04/15/2047 DD 10/15/20 CORPORATE DEBT INSTRUMENTS	—	—	$2.6M	$1.7M	<0.1%
ASML HOLDING NV CORPORATE STOCK - COMMON	—	—	$761K	$1.7M	<0.1%
HOME DEPOT INC/THE 2.500% 04/15/2027 DD 03/30/20 CORPORATE DEBT INSTRUMENTS	—	—	$1.9M	$1.7M	<0.1%
COMCAST CORP 2.987% 11/01/2063 DD 05/01/22 CORPORATE DEBT INSTRUMENTS	—	—	$2.9M	$1.7M	<0.1%
BANK OF AMERICA NA 6.000% 10/15/2036 DD 10/26/06 CORPORATE DEBT INSTRUMENTS	—	—	$1.9M	$1.7M	<0.1%
CANADIAN NATIONAL RAILWAY CO 6.200% 06/01/2036 DD 05/31/06 CORPORATE DEBT INSTRUMENTS	—	—	$1.9M	$1.7M	<0.1%
PUBLIC STORAGE OPERATING CO 3.094% 09/15/2027 DD 09/18/17 CORPORATE DEBT INSTRUMENTS	—	—	$1.9M	$1.7M	<0.1%
MASTERCARD INC 3.300% 03/26/2027 DD 03/26/20 CORPORATE DEBT INSTRUMENTS	—	—	$1.9M	$1.7M	<0.1%
AEP TEXAS INC 3.950% 06/01/2028 DD 12/01/18 CORPORATE DEBT INSTRUMENTS	—	—	$1.9M	$1.6M	<0.1%
APPLE INC 1.650% 05/11/2030 DD 05/11/20 CORPORATE DEBT INSTRUMENTS	—	—	$1.9M	$1.6M	<0.1%
LOCKHEED MARTIN CORP 4.700% 05/15/2046 DD 11/23/15 CORPORATE DEBT INSTRUMENTS	—	—	$2.0M	$1.6M	<0.1%
BP CAPITAL MARKETS AMERICA INC 3.379% 02/08/2061 DD 02/08/21 CORPORATE DEBT INSTRUMENTS	—	—	$2.1M	$1.6M	<0.1%
WELLS FARGO & CO VAR RT 02/11/2031 DD 02/11/20 CORPORATE DEBT INSTRUMENTS	—	—	$1.9M	$1.6M	<0.1%
UNILEVER CAPITAL CORP 2.125% 09/06/2029 DD 09/06/19 CORPORATE DEBT INSTRUMENTS	—	—	$1.9M	$1.6M	<0.1%
DUKE ENERGY OHIO INC 2.125% 06/01/2030 DD 05/21/20 CORPORATE DEBT INSTRUMENTS	—	—	$1.9M	$1.6M	<0.1%
COMCAST CORP 3.750% 04/01/2040 DD 03/27/20 CORPORATE DEBT INSTRUMENTS	—	—	$1.7M	$1.6M	<0.1%
BANK OF AMERICA CORP VAR RT 10/22/2030 DD 10/22/19 CORPORATE DEBT INSTRUMENTS	—	—	$1.9M	$1.6M	<0.1%
CATERPILLAR INC 2.600% 09/19/2029 DD 09/19/19 CORPORATE DEBT INSTRUMENTS	—	—	$1.9M	$1.6M	<0.1%
PEPSICO INC 2.750% 03/19/2030 DD 03/19/20 CORPORATE DEBT INSTRUMENTS	—	—	$1.9M	$1.6M	<0.1%
JPMORGAN CHASE & CO VAR RT 05/06/2030 DD 05/06/19 CORPORATE DEBT INSTRUMENTS	—	—	$1.9M	$1.6M	<0.1%
PUBLIC SERVICE CO OF COLORADO 1.900% 01/15/2031 DD 05/15/20 CORPORATE DEBT INSTRUMENTS	—	—	$1.9M	$1.6M	<0.1%
AIR LIQUIDE SA CORPORATE STOCK - COMMON	—	—	$787K	$1.6M	<0.1%
NIKE INC 2.850% 03/27/2030 DD 03/27/20 CORPORATE DEBT INSTRUMENTS	—	—	$1.9M	$1.6M	<0.1%
AT&T INC 4.500% 03/09/2048 DD 09/07/16 CORPORATE DEBT INSTRUMENTS	—	—	$1.9M	$1.6M	<0.1%
WALMART INC 1.800% 09/22/2031 DD 09/22/21 CORPORATE DEBT INSTRUMENTS	—	—	$1.9M	$1.6M	<0.1%
EXXON MOBIL CORP 4.227% 03/19/2040 DD 03/19/20 CORPORATE DEBT INSTRUMENTS	—	—	$1.8M	$1.6M	<0.1%
COSTCO WHOLESALE CORP 1.750% 04/20/2032 DD 04/20/20 CORPORATE DEBT INSTRUMENTS	—	—	$1.9M	$1.6M	<0.1%
SOUTHWESTERN ELECTRIC POWER CO 6.200% 03/15/2040 DD 03/08/10 CORPORATE DEBT INSTRUMENTS	—	—	$1.8M	$1.6M	<0.1%
PROCTER & GAMBLE CO/THE 3.000% 03/25/2030 DD 03/25/20 CORPORATE DEBT INSTRUMENTS	—	—	$1.9M	$1.5M	<0.1%
ELI LILLY & CO 5.100% 02/09/2064 DD 02/09/24 CORPORATE DEBT INSTRUMENTS	—	—	$1.7M	$1.5M	<0.1%
BP CAPITAL MARKETS AMERICA INC 3.379% 02/08/2061 DD 02/08/21 CORPORATE DEBT INSTRUMENTS	—	—	$2.4M	$1.5M	<0.1%
CVS HEALTH CORP 5.125% 07/20/2045 DD 07/20/15 CORPORATE DEBT INSTRUMENTS	—	—	$1.8M	$1.5M	<0.1%
NIAGARA MOHAWK POWER CORP 144A 4.119% 11/28/2042 DD 11/28/12 CORPORATE DEBT INSTRUMENTS	—	—	$1.9M	$1.5M	<0.1%
TRANSCANADA PIPELINES LTD 6.100% 06/01/2040 DD 06/01/10 CORPORATE DEBT INSTRUMENTS	—	—	$1.6M	$1.5M	<0.1%
TEXAS TRANSPRTN COMMISSION ST 5.178% 04/01/2030 DD 08/05/10 MUNICIPAL BONDS	—	—	$1.9M	$1.5M	<0.1%
U S TREASURY BOND 2.250% 08/15/2046 DD 08/15/16 U. S. GOVERNMENT SECURITIES	—	—	$1.7M	$1.5M	<0.1%
GILEAD SCIENCES INC 4.500% 02/01/2045 DD 11/17/14 CORPORATE DEBT INSTRUMENTS	—	—	$1.7M	$1.5M	<0.1%
APPLE INC 3.850% 08/04/2046 DD 08/04/16 CORPORATE DEBT INSTRUMENTS	—	—	$1.7M	$1.5M	<0.1%
As of December 31, 2024 AERCAP IRELAND CAPITAL DAC / A 3.850% 10/29/2041 DD 10/29/21 CORPORATE DEBT INSTRUMENTS	—	—	$1.6M	$1.5M	<0.1%
KROGER CO/THE 4.450% 02/01/2047 DD 01/24/17 CORPORATE DEBT INSTRUMENTS	—	—	$1.8M	$1.5M	<0.1%
ANHEUSER-BUSCH INBEV WORLDWIDE 5.450% 01/23/2039 DD 01/23/19 CORPORATE DEBT INSTRUMENTS	—	—	$1.4M	$1.5M	<0.1%
COMPASS GROUP PLC CORPORATE STOCK - COMMON	—	—	$726K	$1.5M	<0.1%
CANADIAN NATIONAL RAILWAY CO 2.750% 03/01/2026 DD 02/23/16 CORPORATE DEBT INSTRUMENTS	—	—	$1.6M	$1.5M	<0.1%
NOVO NORDISK A/S CORPORATE STOCK - COMMON	—	—	$180K	$1.5M	<0.1%
PACIFICORP 6.350% 07/15/2038 DD 07/17/08 CORPORATE DEBT INSTRUMENTS	—	—	$1.7M	$1.5M	<0.1%
ABBVIE INC 5.400% 03/15/2054 DD 02/26/24 CORPORATE DEBT INSTRUMENTS	—	—	$1.5M	$1.5M	<0.1%
CHARTER COMMUNICATIONS OPERATI 6.484% 10/23/2045 DD 10/23/16 CORPORATE DEBT INSTRUMENTS	—	—	$1.8M	$1.4M	<0.1%
INDUSTRIA DE DISENO TEXTIL SA CORPORATE STOCK - COMMON	—	—	$321K	$1.4M	<0.1%
CSX CORP 4.750% 05/30/2042 DD 11/01/11 CORPORATE DEBT INSTRUMENTS	—	—	$1.6M	$1.4M	<0.1%
CHARTER COMMUNICATIONS OPERATI 3.850% 04/01/2061 DD 12/04/20 CORPORATE DEBT INSTRUMENTS	—	—	$2.3M	$1.4M	<0.1%
TOTALENERGIES CAPITAL INTERNAT 2.434% 01/10/2025 DD 07/10/19 CORPORATE DEBT INSTRUMENTS	—	—	$1.5M	$1.4M	<0.1%
CIGNA GROUP/THE 3.400% 03/15/2051 DD 03/03/21 CORPORATE DEBT INSTRUMENTS	—	—	$2.2M	$1.4M	<0.1%
PHILLIPS 66 CO 4.680% 02/15/2045 DD 02/15/23 CORPORATE DEBT INSTRUMENTS	—	—	$1.6M	$1.4M	<0.1%
ELEVANCE HEALTH INC 4.375% 12/01/2047 DD 11/21/17 CORPORATE DEBT INSTRUMENTS	—	—	$1.7M	$1.4M	<0.1%
BAT CAPITAL CORP 4.390% 08/15/2037 DD 08/15/18 CORPORATE DEBT INSTRUMENTS	—	—	$1.7M	$1.4M	<0.1%
MERCK & CO INC 2.750% 02/10/2025 DD 02/10/15 CORPORATE DEBT INSTRUMENTS	—	—	$1.5M	$1.4M	<0.1%
HSBC HOLDINGS PLC 6.800% 06/01/2038 DD 06/01/22 CORPORATE DEBT INSTRUMENTS	—	—	$1.8M	$1.4M	<0.1%
KEYENCE CORP CORPORATE STOCK - COMMON	—	—	$142K	$1.4M	<0.1%
U S TREASURY BOND 4.625% 11/15/2044 DD 11/15/24 U. S. GOVERNMENT SECURITIES	—	—	$1.4M	$1.4M	<0.1%

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