EMC 2010 Annual Report Download - page 77
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Table of Contents
EMC CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
The following table sets forth, by level within the fair value hierarchy, the Pension Plan's assets at fair value as of December 31, 2010 and 2009 (tables
in thousands):
December 31, 2010
Level 1 Level 2 Level 3 Total
Common collective trusts $ — $ 278,447 $ — $ 278,447
Mutual funds — 3,656 — 3,656
U.S. Agency Securities — 20,700 — 20,700
U.S. Treasury Securities 11,799 — — 11,799
Corporate Debt Securities — 57,067 — 57,067
Municipal Obligations — 980 — 980
Asset-backed Securities — 2,602 — 2,602
Mortgaged-backed Securities — 3,837 — 3,837
Total $ 11,799 $ 367,289 $ — $ 379,088
Plan payables, net of accrued interest and dividends 529
Total $ 379,617
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, 2010 and 2009.
Concentration of Risks
Pension Plan's investments at fair value as of December 31, 2010 and 2009 which represented 5% or more of the Pension Plan's net assets were as
follows:
2010 2009
Collective Trust High Yield Fund $ 21,956 $ 23,420
EB Daily Valued Large Cap Growth Stock Index Fund 18,497 21,174
EB Daily Valued Large Cap Value Stock Index Fund 19,605 19,428
EB Daily Valued Small Cap Stock Index Fund 34,069 34,885
EB Daily Valued Stock Index Fund 110,030 129,947
EB Daily Valued International Stock Index Fund 33,967 34,892
EB Long Term Credit Bond Index 21,765 —
U.S. Treasury Securities 11,799 18,821
U.S. Agency Securities 20,700 29,119
Corporate Debt Securities 57,067 21,728
$ 349,455 $ 333,414
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