Citibank 2013 Annual Report Download - page 205

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Plan Assets
Citigroup’s pension and postretirement plans’ asset allocations for the U.S.
plans at December 31, 2013 and 2012, and the target allocations for 2014 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) 2014 2013 2012 2013 2012
Equity securities (2) 0 - 30% 19% 17% 19% 17%
Debt securities 25 - 73 42% 45% 42% 45%
Real estate 0 - 7 5% 5% 5% 5%
Private equity 0 - 15 11% 11% 11% 11%
Other investments 12 - 29 23% 22% 23% 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 and postretirement plans do not include any Citigroup common stock at the end of 2013 and 2012.
Third-party investment managers and advisors provide their services to
Citigroup’s U.S. pension and postretirement plans. Assets are rebalanced as
Citi’s Pension Plan Investment Committee deems appropriate. Citigroup’s
investment strategy, with respect to its 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 2013
and 2012, and the weighted-average target allocations for 2014 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 (1) 2014 2013 2012 2013 2012
Equity securities 19% 0 - 69% 0 - 63% 20% 16%
Debt securities 74 0 - 99 0 - 100 72 72
Real estate 1 0 - 19 0 - 41 11
Other investments 6 0 - 100 0 - 100 711
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 (1) 2014 2013 2012 2013 2012
Equity securities 42% 0 - 41% 0 - 28% 41% 28%
Debt securities 52 51 - 100 46 - 100 51 46
Other investments 6 0 - 8 0 - 26 826
Total 100% 100% 100%
(1) Similar to the U.S. plans, asset allocations for certain non-U.S. plans are set by investment strategy, not by investment product.