Citibank 2012 Annual Report Download - page 198

176
Plan Assets
Citigroup’s pension and postretirement plans’ asset allocations for the U.S. plans at December 31, 2012 and 2011, and the target allocations for 2013 by asset
category based on asset fair values, are as follows:
Target asset
allocation
U.S. pension assets
at December 31,
U.S. postretirement assets
at December 31,
Asset category (1) 2013 2012 2011 2012 2011
Equity securities (2) 0 - 30% 17% 16% 17% 16%
Debt securities 25 - 73 45 44 45 44
Real estate 0 - 7 5555
Private equity 0 - 15 11 13 11 13
Other investments 12 - 29 22 22 22 22
Total 100% 100% 100% 100%
(1) Asset allocations for the U.S. plans are set by investment strategy, not by investment product. For example, private equities with an underlying investment in real estate are classified in the real estate asset category,
not private equity.
(2) Equity securities in the U.S. pension plans include no Citigroup common stock at the end of 2012 and 2011.
Third-party investment managers and advisors provide their services to
Citigroup’s U.S. pension plans. Assets are rebalanced as the Pension Plan
Investment Committee deems appropriate. Citigroup’s investment strategy,
with respect to its pension assets, is to maintain a globally diversified
investment portfolio across several asset classes that, when combined with
Citigroup’s contributions to the plans, will maintain the plans’ ability to meet
all required benefit obligations.
Citigroup’s pension and postretirement plans’ weighted-average asset
allocations for the non-U.S. plans and the actual ranges at the end of 2012
and 2011, and the weighted-average target allocations for 2013 by asset
category based on asset fair values are as follows:
Non-U.S. pension plans
Weighted-average
target asset allocation
Actual range
at December 31,
Weighted-average
at December 31,
Asset category 2013 2012 2011 2012 2011
Equity securities 16% 0 to 63% 0 to 65% 16% 19%
Debt securities 75 0 to 100 0 to 99 72 71
Real estate 1 0 to 41 0 to 42 11
Other investments 8 0 to 100 0 to 100 11 9
Total 100% 100% 100%
Non-U.S. postretirement plans
Weighted-average
target asset allocation
Actual range
at December 31,
Weighted-average
at December 31,
Asset category 2013 2012 2011 2012 2011
Equity securities 27% 0 to 28% 0 to 44% 28% 44%
Debt securities 55 46 to 100 45 to 100 46 45
Other investments 18 0 to 26 0 to 11 26 11
Total 100% 100% 100%