Citibank 2015 Annual Report Download - page 184

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Plan Assets
Citigroup’s pension and postretirement plans’ asset allocations for the U.S.
plans and the target allocations 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) 2016 2015 2014 2015 2014
Equity securities (2) 0–30% 19% 20% 19% 20%
Debt securities 25–73 46 44 46 44
Real estate 0–7 4444
Private equity 0–10 6868
Other investments 0–22 25 24 25 24
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 2015 and 2014.
Third-party investment managers and advisers provide their services to
Citigroup’s U.S. pension and postretirement plans. Assets are rebalanced as
the Company’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 and the weighted-
average target allocations by asset category based on asset fair values are
as follows:
Non-U.S. pension plans
Target asset
allocation
Actual range
at December 31,
Weighted-average
at December 31,
Asset category (1) 2016 2015 2014 2015 2014
Equity securities 0–63% 0–68% 0–67% 16% 17%
Debt securities 0–100 0–100 0–100 77 77
Real estate 0–19 0–18 0–21 1—
Other investments 0–100 0–100 0–100 66
Total 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.
Non-U.S. postretirement plans
Target asset
allocation
Actual range
at December 31,
Weighted-average
at December 31,
Asset category (1) 2016 2015 2014 2015 2014
Equity securities 0–41% 0–41% 0–42% 41% 42%
Debt securities 56–100 56–100 54–100 56 54
Other investments 0–3 0–3 0–4 34
Total 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.