Amtrak 2013 Annual Report Download - page 101

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National Railroad Passenger Corporation and Subsidiaries (Amtrak)
Notes to Consolidated Financial Statements (continued)
1411-1359280 62
13. Postretirement Employee Benefits (continued)
Total Level 1 Level 2 Level 3
September 30, 2012
Agency backed bonds $ 303 $ – $ 303 $ –
U.S. government securities 814 – 814 –
Corporate bonds 16,154 – 16,154 –
Government bonds 671 – 671 –
Municipal bonds 4,028 – 4,028 –
Asset-backed securities 4,266 – 4,266 –
Mortgage-backed securities
government 26,689 – 26,689 –
Mortgage-backed securities corporate 4,107 – 4,107 –
Total fixed income 57,032 – 57,032 –
Large cap 71,148 71,148 – –
Mid cap 20,435 20,435 – –
Small cap 986 986 – –
Total equity securities 92,569 92,569 – –
Money market funds 8,762 – 8,762 –
Real estate investment trust 16,862 – 16,862 –
Global asset allocation funds 102,929 102,929 – –
Common/collective trust 66,233 – 66,233 –
Total fair value investments 344,387 $ 195,498 $ 148,889 $ –
Other assets(a) 1,477
Total plan assets $ 345,864
(a) Other assets include accrued interest and dividends receivable and pending broker settlements.
Rate of Return
Several factors are considered in developing the estimate for the long-term expected rate of
return on plan assets. These include historical rates of return over the past three-, five- and ten-
year periods as well as projected long-term rates of return obtained from pension investment
consultants.
In the short term, there may be fluctuations of positive and negative yields year over year, but
over the long-term, the return is expected to be approximately 7.5%.