EMC 2009 Annual Report Download - page 75

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Table of Contents
EMC CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
U.S. Treasury Securities – valued daily at the closing price reported in active U.S. financial markets and are classified within Level 1 of the valuation
hierarchy.
Corporate Debt Securities – valued daily at the closing price reported in active U.S. financial markets and are classified within Level 2 of the valuation
hierarchy.
The following table sets forth, by level within the fair value hierarchy, the Pension Plans' assets at fair value as of December 31, 2009:
Level 1 Level 2 Level 3 Total
Common collective trusts $ — $ 275,984 $ — $ 275,984
Mutual funds — 2,843 — 2,843
U.S. Agency Securities — 29,119 — 29,119
U.S. Treasury Securities 18,821 — — 18,821
Corporate Debt Securities — 21,728 — 21,728
Municipal Obligations — 392 — 392
Asset Backed Securities — 669 — 669
Mortgaged Backed Securities — 5,195 — 5,195
Total $ 18,821 $ 335,930 $ — 354,751
Plan payables, net of accrued interest and dividends (1,189)
Total $ 353,562
Dividends, accrued interest and net plan payables are not material to the plan assets. Accordingly, we have not classified these into the fair value
hierarchy above at December 31, 2009.
Concentration of Risks
Pension Plans' investments at fair value as of December 31, 2009 which represented 5% or more of the Pension Plans' net assets were as follows:
2009
BNY Mellon Collective Trust High Yield Fund $ 23,420
BNY Mellon Large Cap Growth Stock Index Fund 21,174
BNY Mellon Large Cap Value Stock Index Fund 19,428
BNY Mellon Small Cap Stock Index Fund 34,885
BNY Mellon Stock Index Fund 129,947
BNY Mellon International American Depositary Receipt Index Fund 34,892
U.S. Treasury Securities 18,821
U.S. Agency Securities 29,119
Corporate Debt Securities 21,728
$333,414
Investment Strategy
Our Pension Plans' assets are managed by outside investment managers. Our investment strategy with respect to pension assets is to maximize returns
while preserving principal.
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