þ | ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the fiscal year ended December 31, 2007 or |
o | TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from to . |
A. | Full title of the plan and the address of the plan, if different from that of the issuer named below: |
B. | Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: |
(a) Financial Statements |
||||
Reports of Independent Registered Public Accounting Firms |
1 | |||
Statements of Net Assets Available for Benefits |
3 | |||
Statements of Changes in Net Assets Available for Benefits |
4 | |||
Notes to Financial
Statements |
5 | |||
Schedule H Line 4(i) Schedule of Assets (Held at End of Year) |
16 | |||
(b) Signatures |
21 | |||
(c) Exhibits |
||||
Exhibit 23.1 Consent of Crowe Chizek and Company LLC |
22 | |||
Exhibit 23.2 Consent of KPMG LLP |
23 |
1 | ||||
3 | ||||
4 | ||||
5 | ||||
SUPPLEMENTAL SCHEDULE |
||||
16 |
1
2
2007 | 2006 | |||||||
Assets: |
||||||||
Investments at fair value: |
||||||||
U.S. Government and agencies securities |
$ | 37,673 | $ | 87,805 | ||||
Short term and other investments |
1,691 | | ||||||
Corporate bonds and debentures |
116,538 | 127,509 | ||||||
Motorola, Inc. common stock |
383,338 | 598,379 | ||||||
Investments in common/collective trusts |
5,339,805 | 3,177,498 | ||||||
Plan interest in master trusts |
| 1,898,443 | ||||||
Investments under securities lending agreements
(Note 6) |
58,978 | | ||||||
Collateral for loaned securities (Note 6) |
236 | | ||||||
Participant loans |
56,317 | 56,822 | ||||||
Total investments |
5,994,576 | 5,946,456 | ||||||
Cash collateral for loaned securities (Note 6) |
59,931 | | ||||||
Receivables: |
||||||||
Employer contributions |
5,113 | 8,467 | ||||||
Employee contributions |
169 | 5,193 | ||||||
Pending trade sales |
2,916 | 3,108 | ||||||
Interest receivable |
3,014 | 2,828 | ||||||
Dividends receivable |
1,203 | 1,474 | ||||||
Total receivables |
12,415 | 21,070 | ||||||
Total assets |
6,066,922 | 5,967,526 | ||||||
Liabilities: |
||||||||
Pending trade purchases |
1,040 | | ||||||
Obligations for collateral received for
investments under securities lending (Note 6) |
60,167 | | ||||||
Other |
570 | 538 | ||||||
Total liabilities |
61,777 | 538 | ||||||
Net assets available for benefits |
$ | 6,005,145 | $ | 5,966,988 | ||||
3
Investment income: |
||||
Net appreciation in fair value of investments |
$ | 113,088 | ||
Interest |
28,405 | |||
Dividends |
5,049 | |||
Plan interest in investment income of master trusts |
91,282 | |||
Total investment income |
237,824 | |||
Contributions: |
||||
Participants |
243,821 | |||
Employer |
80,293 | |||
Rollover |
12,825 | |||
Total contributions |
336,939 | |||
Total additions |
574,763 | |||
Deductions from net assets attributed to: |
||||
Benefits paid to participants |
552,778 | |||
Administrative and other expenses |
8,862 | |||
Total deductions |
561,640 | |||
Net increase before transfers |
13,123 | |||
Transfer in of assets relating to plan mergers (Note 8) |
25,034 | |||
Net increase (decrease) |
38,157 | |||
Net assets available for benefits: |
||||
Beginning of year |
5,966,988 | |||
End of year |
$ | 6,005,145 | ||
4
(1) | Description of Plan | |
The following description of the Motorola, Inc. 401(k) Plan (the Plan) provides only general information. Participants should refer to the Plan agreement for a more complete description of the Plans provisions. The Plan was formerly known as the Motorola, Inc. 401(k) Profit Sharing Plan, but was renamed effective January 1, 2006. |
(a) | General | ||
The Plan is a defined contribution plan sponsored by Motorola, Inc. and certain subsidiaries (the Company) covering substantially all domestic employees. Employees become eligible to contribute to the Plan immediately upon employment. Participants are eligible to receive Company contributions to their account on the first of the month following their first (or a subsequent) employment anniversary, after they have completed an anniversary year in which they worked at least 1,000 hours. | |||
Effective October 1, 2002, the Plan was amended to convert a portion of the Plan to a stock bonus plan and non-leveraged employee stock ownership plan (ESOP). The ESOP portion of the Plan is designed to invest primarily in shares of the Companys common stock. The ESOP portion of the Plan is participant directed. Each participant is entitled to exercise voting rights attributable to the shares allocated to their account and is notified by the Trustee prior to the time that such rights are to be exercised. Dividends paid on the Companys common stock are allocated to the participants account and reinvested in Company common stock or paid directly to the participant at the election of the participant. Pass-through dividends amounted to $61,000 in 2007. |
(b) | Contributions | ||
Participants may elect to contribute up to 30% of their pre-tax compensation, up to the annual deferral limit set by the Internal Revenue Code (IRC). The annual deferral limit as set by the IRC was $15,500 in 2007. The Plan also allows for participants age 50 and older to contribute additional tax-deferred contributions. These catch-up contributions were subject to IRS limits of $5,000 in 2007. | |||
The Company makes matching contributions to participants equal to $0.50 for each dollar of participant deferrals up to 6% of pre-tax compensation, not to exceed 3% of pre-tax compensation for the period. | |||
Effective January 1, 2005, the Company froze its defined benefit pension plan (Pension Plan) to new participants. As a result of freezing the Pension Plan, new employees of the Company will not be eligible to participate in the Pension Plan, and will be designated as non-pension eligible. Non-pension eligible participants will receive a matching contribution equal to $1.00 for each dollar of participant deferrals up to 3%, and $0.50 for each dollar of participant deferrals between 3% and 5%. There is no change for pension-eligible participants. |
5
(c) | Participant Accounts | ||
Each participants account is credited with the participants elective deferrals, and allocations of Company matching contributions, plan earnings, and charged with an allocation of administrative expenses. Allocations are based on participant earnings or account balances as defined in the Plan document. The benefit to which a participant is entitled is the benefit that can be provided from the participants vested account. |
(d) | Vesting | ||
Participants are fully vested in their elective deferrals and related earnings at all times. A participant will be 100% vested in employer contributions and earnings thereon after they have completed an anniversary year. However, the participant becomes 100% vested in their account balances upon reaching normal retirement age, total and permanent disability, death, or Plan termination. | |||
Participants who terminated employment prior to July 1, 2000, but chose to leave their account balances in the Plan are subject to forfeit the unvested portion of employer contributions upon the earlier of their withdrawal from the Plan, or the five year anniversary of their employment termination. Terminated employees who have left their account balances in the Plan and are rehired by the Plan Sponsor within five years are not subject to forfeiture of their unvested employer contributions. The portion of employer contributions not vested upon termination of employment is forfeited and is used to offset Company contributions. For the year ended December 31, 2007, all forfeiture amounts of $302,000 were used to offset Company contributions. |
(e) | Benefits | ||
At the option of the participant, distributions from the Plan may be made in the form of: (a) a lump-sum distribution with the option of receiving shares of Motorola stock or cash, (b) annual distributions from the Plan (available only to retiring participants) or combinations thereof. Participants hired after January 1, 1996 may not elect the Annuity or Annual Distribution options. Partial distributions (with a minimum of $5,000) are made available to participants, with no more than one distribution in any three-month period. Participants are not required to cash out their entire benefits at age 70 (although this requirement applies to beneficiaries). Additionally, in-service withdrawals are extended to participants who have attained age 59-1/2 for pretax, post-tax, and rollover contributions. Hardship withdrawal of rollover contributions is permitted. Participants who terminate employment with the Company for any reason, and have a vested account balance of $1,000 or less will have their account balance distributed in the form of a lump-sum distribution. | |||
Participants who have attained the age of 70-1/2 and who are an employee of the Company may withdraw all or any portion of his/her account subject to IRS minimum distribution requirements. A participant may not take more than one withdrawal in any six-month period, and the minimum withdrawal shall be $200. | |||
Participants who are employees of the Company and who have made a rollover transfer into the Plan may withdraw all or any portion of their rollover transfer amounts at any time. A participant may not take more than one withdrawal in any six-month period, and the minimum withdrawal shall be $200. |
6
(f) | Participant Loans | ||
Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 less their highest outstanding loan balance in the last 12 months or 50% of their vested account balance. Loan transactions are treated as a transfer to/from the investment fund to the Participant Loan Fund. Loan terms range from 1-5 years or up to 10 years for the purchase of a primary residence. The loans are secured by the balance in the participants account and bear interest at a reasonable interest rate commensurate with local prevailing rates as determined quarterly by the plan administrator. Interest rates are based on the prime rate (published in the Wall Street Journal) plus 0.5% unless the plan administrator determines the interest rate is not reasonable. Prior to July 16, 2003, interest rates included a 0.3% loan insurance fee. Principal and interest is paid ratably through payroll deductions. A $50 processing fee is charged for loans. | |||
(g) | Plan Termination | ||
Although the Company has not expressed any intent to do so, it may terminate the Plan at any time. It has the right under the Plan to discontinue contributions at any time and terminate the Plan subject to the provisions of ERISA. |
(2) | Summary of Significant Accounting Policies |
(a) | Basis of Presentation | ||
The accompanying financial statements have been prepared on the accrual basis of accounting in conformity with accounting principals generally accepted in the United States of America. | |||
(b) | Use of Estimates | ||
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and changes therein and disclosure of contingent assets and liabilities. Actual results could differ from those estimates. | |||
(c) | Effect of Newly Issued But Not Yet Effective Accounting Standards | ||
In September 2006, the FASB issued Statement No. 157, Fair Market Measurements. The Statement defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. This Statement establishes a fair value hierarchy about the assumptions used to measure fair value and clarifies assumptions about risk and the effect of a restriction on the sale or use of an asset. The standard is effective for fiscal years beginning after November 15, 2007. | |||
In February 2008, the FASB issued Staff Position (FSP) 157-2, Effective Date of FASB Statement No. 157. This FSP delays the effective date of FAS 157 for all nonfinancial assets and nonfinancial liabilities, except those that are recognized or disclosed at fair value on a recurring basis (at least annually) to fiscal years beginning after November 15, 2008, and interim periods within those fiscal years. The impact of adoption of FASB Statement No. 157 on the Plans net assets available for benefits and changes in net assets available for benefit is not anticipated to be material. |
7
(d) | Investment Valuation and Income Recognition | ||
Investments in common stock, corporate debt instruments and government securities are stated at fair value as determined by quoted market prices in an active market. Investments in common/collection trust funds are stated at estimated fair values, based upon the reported per unit net asset values of the funds, which reflect fair values of the underlying assets of the funds. Unit values are determined by the bank sponsoring such funds by dividing the funds net assets at fair value by its units outstanding at the valuation dates. The fair value of the Plans interest in the master trusts at December 31, 2006, is based on the beginning of year value of the Plans interest in the trusts plus actual contributions and allocated investment income less actual distributions and allocated administrative expenses. Loans to participants are valued at their outstanding balances, which approximates fair value. | |||
The resulting increase or decrease in investment values is recorded as net appreciation (depreciation) in fair value of investments in the statement of changes in net assets available for benefits. | |||
The purchases and sales of securities are recorded on a trade-date basis. Realized gains or losses on the sale of securities are based on average cost of securities. Interest income is recorded as earned on the accrual basis. Dividends are recorded on the ex-dividend date. | |||
(e) | Administrative and Other Expenses | ||
The expenses necessary to administer the Plan are paid out of Plan assets. Certain plan related expenses may be paid by the Company at its discretion. | |||
(f) | Payment of Benefits | ||
Benefits are recorded when paid. | |||
(g) | Risk and Uncertainties | ||
The Plan invests in various investment securities. These investment securities are exposed to various risks, such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities and the level of uncertainty related to changes in the value of investment securities, it is at least reasonably possible that changes in the value of investment securities will occur in the near term and that such changes could materially affect the participants account balances and the amounts reported in the statement of net assets available for benefits. |
8
(3) | Party-in-Interest Transactions | |
Certain Plan assets are invested in participant loans or investments managed by The Northern Trust Company, the custodian and trustee of the Plan, therefore, these transactions qualify as party-in-interest transactions. These transactions are not, however, considered prohibited transactions under section 408(b) of the ERISA regulations. The Plan paid certain administrative fees to the trustee, third-party administrator, and various investment managers which qualify as party-in-interest transactions. | ||
At December 31, 2007 and 2006, the Plan had $383,338,516 and $598,378,898, respectively, invested in Company stock through a unitized investment fund managed by the trustee. The Plan held 23,898,910 and 29,104,032 shares of Company stock as of December 31, 2007 and 2006, respectively. The Plan also received dividend income on Company stock of $5,048,541 for 2007. |
(4) | Investments | |
At December 31, 2007, the fair value of individual investments which exceeded 5% of net assets available for benefits are as follows (in thousands): |
Northern Trust Common Collective Funds: |
||||
S&P 500 Equity Index Fund |
$ | 2,035,103 | ||
S&P Midcap 400 Equity Index Fund |
671,089 | |||
EAFE Index Fund |
1,018,360 | |||
Collective Daily Aggregate Bond Fund |
1,033,089 | |||
Motorola, Inc. Common Stock |
383,338 |
Northern Trust Common Collective Funds: |
||||
S&P 500 Equity Index Fund |
$ | 1,160,459 | ||
S&P Midcap 400 Equity Index Fund |
583,772 | |||
Russell 2000 Equity Index Fund |
333,731 | |||
EAFE Index Fund |
632,292 | |||
Motorola, Inc. Common Stock |
598,379 | |||
Motorola Master Trust Investments: |
||||
Bond Pool |
722,940 | |||
Stock Pool |
1,175,503 |
9
U.S. Government and agencies securities |
$ | 1,787 | ||
Corporate bonds and debentures |
7,071 | |||
Motorola, Inc. common stock |
(61,524 | ) | ||
Short-term and other investments |
61,031 | |||
Investments in common/collective trusts |
104,723 | |||
Net appreciation in fair value of
investments |
$ | 113,088 | ||
(5) | Interest in Master Trusts | |
The master trusts were established on May 1, 2000 for the commingling of certain assets for investment of the 401(k) Plan and Motorola Pension Plan. Certain of the Plans investments were held in two master trust accounts at Northern Trust, referred to as the Equity Fund and Fixed Income Fund. Investment income and expenses are allocated to the Plan based upon its pro-rata share in the net assets of each master trust. | ||
Based on the Companys decision to revise the investment strategy for the 401(k) and Pension Trusts, all of the units of the Equity Fund and Fixed Income Fund master trusts held by the 401(k) Plan were sold on June 29, 2007 (trade date). The proceeds of the sales were then invested in other investments on July 2, 2007 (settlement date). |
10
Bond Pool Investments (Fixed Income Fund Master Trust): |
||||
Investments at fair value: |
||||
U.S. Government and agencies securities |
$ | 736,569 | ||
Common Stock |
205 | |||
Corporate bonds and debentures |
792,104 | |||
Investments in common/collective trusts |
329,007 | |||
Short-term and other investments |
27,733 | |||
Cash under securities lending agreements |
302,643 | |||
U.S. Government securities under securities
lending agreements |
22,269 | |||
2,210,530 | ||||
Receivables: |
||||
Pending trade sales and income receivable |
16,672 | |||
Liabilities: |
||||
Pending trade purchases and other liabilities |
(107,900 | ) | ||
Corporate bonds and debentures under securities
lending agreements |
(96,347 | ) | ||
U.S. Government and agencies securities under
securities lending agreements |
(228,565 | ) | ||
Net bond pool investments in master trust |
1,794,390 | |||
Percentage allocated to the Plan bond pool investments |
40.289 | % | ||
Net Plan interest in master trust bond
pool investments |
722,940 | |||
Stock Pool Investments (Equity Fund Master Trust): |
||||
Investments at fair value: |
||||
Common and preferred stock |
2,540,446 | |||
Investments in common/collective trusts |
2,025,826 | |||
Short-term and other investments |
26,692 | |||
Cash under securities lending agreements |
212,959 | |||
U.S.
Government Securities-under securities lending
securities lending agreement |
4,076 | |||
4,809,999 | ||||
Receivables: |
||||
Pending trade sales and income receivable |
35,025 | |||
Liabilities: |
||||
Pending trade purchases and other liabilities |
(40,206 | ) | ||
Common stocks under securities lending agreements |
(217,035 | ) | ||
Net stock pool investments in master trust |
4,587,783 | |||
Percentage allocated to the Plan stock pool investments |
25.622 | % | ||
Net Plan interest in master trust stock
pool investments |
1,175,503 | |||
11
Net investment gain: |
||||
Bond pool investments (Fixed Income Fund master trust): |
||||
Net appreciation (depreciation) in fair value
of investments: |
||||
U.S. Government and agencies securities |
$ | (14,382 | ) | |
Corporate bonds and debentures |
(15,517 | ) | ||
Corporate Stock Common |
177 | |||
Corporate Stock Preferred |
(1 | ) | ||
Investments in common/collective trusts |
9,116 | |||
Short-term and other investments |
(635 | ) | ||
(21,242 | ) | |||
Interest and dividends |
38,445 | |||
17,203 | ||||
Administrative expenses |
(1,149 | ) | ||
Total investment income Fixed Income Fund |
16,054 | |||
Stock pool investments (Equity Fund master trust): |
||||
Net appreciation (depreciation) in fair value
of investments: |
||||
Common and preferred stock |
160,719 | |||
Investments in common/collective trusts |
156,678 | |||
Investments in registered investment companies |
(1 | ) | ||
Short-term and other investments |
(2,227 | ) | ||
315,169 | ||||
Interest and dividends |
30,842 | |||
346,011 | ||||
Administrative expenses |
(4,443 | ) | ||
Total investment income Equity Fund |
341,568 |
12
(6) | Securities Lending | |
The master trusts (through June 29, 2007) and the Plan (after June 29, 2007) entered into securities lending transactions with broker/dealers for which fees are paid to the master trust or the Plan. The securities are required to be 100% collateralized by cash, U.S. Government securities, or irrevocable bank letters of credit. The transferee may sell or re-pledge the securities loaned. Fees earned on securities lending activity are included in interest income. Either party may terminate the lending agreement at any time and the collateral shall be used for any failure to deliver borrowed securities. | ||
Fair value of securities loaned by type of investment and corresponding collateral that pertain to the Plans assets at December 31, 2007 were as follows (in thousands): |
Securities | Collateralized by | |||||||||||
under | Corporate and | |||||||||||
lending | Government | |||||||||||
agreements | Cash | Bonds and Notes | ||||||||||
U.S. Government and agency securities |
$ | 52,922 | 53,724 | 236 | ||||||||
Corporate bonds and debentures |
6,056 | 6,207 | | |||||||||
Total securities lending in Plan |
$ | 58,978 | 59,931 | 236 | ||||||||
Securities | Collateralized by | |||||||||||
under | Corporate and | |||||||||||
lending | Government | |||||||||||
agreements | Cash | Bonds and Notes | ||||||||||
Bond pool investments |
$ | 324,912 | 302,643 | 30,347 | ||||||||
Stock pool investments |
217,035 | 212,959 | 12,218 | |||||||||
Total securities lending in Master Trusts |
$ | 541,947 | 515,602 | 42,565 | ||||||||
(7) | Federal Income Taxes | |
The Plan has received a favorable determination letter dated November 21, 2002 from the Internal Revenue Service regarding the Plans Federal income tax status. The Plan qualifies under the provisions of Section 401(a) of the Internal Revenue Code (IRC) of 1986, as amended. The trust is exempt from Federal income taxes pursuant to the provisions of Section 501(a) of the Code. The Plan has been amended since receiving the determination letter. However, the plan administrator believes that the Plan is designed and is currently being operated in compliance with the applicable requirements of the IRC. |
13
(8) | Transfer of Assets Relating to Acquisitions | |
The following net assets were transferred into the Plan during the plan year ended December 31, 2007 as a result of Company acquisitions (in thousands): |
Amount | ||||||
Effective date | Acquisition | transferred in | ||||
April 5,2007 |
Tesh | $ | 10,944 | |||
May 7, 2007 |
Netopia, Inc. | 13,462 | ||||
July 13, 2007 |
Ting | 628 | ||||
Total transferred in |
$ | 25,034 | ||||
(9) | Reconciliation of Financial Statements to Form 5500 | |
The following is a reconciliation of net assets available per the financial statements to the Form 5500 (in thousands): |
December 31, | ||||||||
2007 | 2006 | |||||||
Net assets available for benefits per the financial
statements |
$ | 6,005,145 | 5,966,988 | |||||
Amounts allocated to withdrawing participants
at December 31, 2006 |
| (2,219 | ) | |||||
Net assets per the Form 5500 |
$ | 6,005,145 | 5,964,769 | |||||
14
(10) | Legal Matters | |
In the ordinary course of business, Motorola is a defendant on behalf of the Plan in various lawsuits, including actions filed by former participants. The Plan Sponsor believes these legal proceedings will not have a material adverse effect on the Plan or the financial results of the Plan. |
(11) | Subsequent Events | |
On January 1, 2007, Motorola acquired Symbol Technologies Inc. of Holtsville, New York. This acquisition encompassed approximately 2,500 U.S. employees. The Symbol Technology Associate Retirement Trust merged with the Plan in January 2008. Assets attributable to this merger were approximately $241,387,000 (unaudited). | ||
On March 26, 2008, Motorola announced that it would split itself into two publicly traded companies. As of June 23, 2008 it is still uncertain as to when the split will occur or how it will impact the Plan. |
15
(b) | (c) | |||||||||
Identity of Issue, | Description of Investment Including, | (In 1000s) | ||||||||
Borrower, Lessor, | Maturity Date, rate of Inerest, | (d) | (e) | |||||||
(a) | or Similar Party | Collateral, Par or Maturity Value | Cost | Current Value | ||||||
Short Term and Other Investments | ||||||||||
ROYAL BANK | ROYAL BK CDA N Y BRH INSTL CTF DEP PROGRMTN DTD 01-01-1940 5.29 02-02-2009 | ** | 1,691 | |||||||
Total Short Term and Other Investments | 1,691 | |||||||||
US Government Securities | ||||||||||
FEDERAL HOME LN BKS | FEDERAL HOME LN BKS SER 00-0582 CLASS-H 4.75 DUE 10-25-2010/10-25-2005 REG | ** | 564 | |||||||
FEDERAL HOME LN BKS | FEDERAL HOME LN BKS SER 6T-9009 CL 1 3.84% DUE 11-25-2009/05-25-2008 REG | ** | 1,389 | |||||||
FEDERAL HOME LN BKS | FEDERAL HOME LN MTG CORP POOL #A2-5411 6% 08-01-2034 BEO | ** | 951 | |||||||
FEDERAL HOME LN BKS | FEDERAL HOME LN MTG CORP POOL #A4-7403 5% 10-01-2035 BEO | ** | 2,179 | |||||||
FEDERAL HOME LN BKS | FEDERAL HOME LN MTG CORP POOL #G0-2004 6.5% 12-01-2035 BEO | ** | 768 | |||||||
FEDERAL HOME LN BKS | FEDERAL HOME LN MTG CORP POOL #G1-2215 5.5% 07-01-2021 BEO | ** | 818 | |||||||
FFCB | FFCB DTD 04/13/2007 4.875 04-13-2009 | ** | 1,267 | |||||||
FHLB | FHLB 5.125 08-08-2008 | ** | 3,104 | |||||||
FHLB | FHLB BD 3.73 01-04-2008/01-04-2006 | ** | 550 | |||||||
FHLB | FHLB BD 3.75 08-18-2009 | ** | 1,805 | |||||||
FHLB | FHLB BD 5.25 06-11-2010 | ** | 623 | |||||||
FHLB | FHLB PREASSIGN 00893 5 10-02-2009 | ** | 768 | |||||||
FHLB | FHLB TRANCHE # TR 00409 4.75 12-10-2010 | ** | 1,030 | |||||||
FHLMC | FHLMC DEB DTD 11/18/2005 4.625 12-19-2008 | ** | 1,739 | |||||||
FHLMC | FHLMC FHLMC AGY NOTE 3.375 04-15-2009 | ** | 3,691 | |||||||
FHLMC | FHLMC GOLD C00632 7 07-01-2028 | ** | 37 | |||||||
FHLMC | FHLMC GOLD C00647 6.5 09-01-2028 | ** | 65 | |||||||
FHLMC | FHLMC MULTICLASS PREASSIGN 00416 6 11-15-2027 | ** | 694 | |||||||
FHLMC | FHLMC MULTICLASS SER 1751 CL PK 8.0 MTG PARTN CTF DUE 09-15-2024 REG | ** | 532 | |||||||
FHLMC | FHLMC MULTICLASS SER 2596 CL J 5 01-15-2017 | ** | 401 | |||||||
FHLMC | FHLMC MULTICLASS SER 2672 CL HA 4 09-15-2016 | ** | 576 | |||||||
FHLMC | FHLMC MULTICLASS SER 2706 CL EM 4.5 09-15-2020 | ** | 693 | |||||||
FHLMC | FHLMC MULTICLASS SER 2841 CL PX 5.5 11-15-2027 | ** | 400 | |||||||
FHLMC | FHLMC MULTICLASS SER 2841 CL PX 5.5 11-15-2027 | ** | 616 | |||||||
FHLMC | FHLMC MULTICLASS SER 2938 CL WA 5 05-15-2026 | ** | 584 | |||||||
FHLMC | FHLMC MULTICLASS SER 3211 CL KD 5.5 08-15-2028 | ** | 698 | |||||||
FHLMC | FHLMC NT 4.75 01-18-2011 | ** | 1,548 | |||||||
FHLMC | FHLMC NT 6.875 09-15-2010 | ** | 1,623 | |||||||
FNMA | FNMA MTN 4.625 12-15-2009 | ** | 1,836 | |||||||
FNMA | FNMA NT 3.25 08-15-2008 | ** | 373 | |||||||
FNMA | FNMA NT 5 10-15-2011 | ** | 938 | |||||||
FNMA | FNMA POOL #555592 5.5% 07-01-2033 BEO | ** | 1,196 | |||||||
FNMA | FNMA POOL #649654 7% DUE 07-01-2032 REG | ** | 63 | |||||||
FNMA | FNMA POOL #681377 5% DUE 01-01-2018 REG | ** | 1,436 | |||||||
FNMA | FNMA POOL #721552 4.58% 07-01-2033 BEO | ** | 432 | |||||||
FNMA | FNMA POOL #794807 6.503% 10-01-2034 BEO | ** | 227 | |||||||
FNMA | FNMA POOL #799811 4.145% 11-01-2034 BEO | ** | 450 | |||||||
FNMA | FNMA POOL #920776 ADJ RT DUE 03-01-2034 REG | ** | 290 | |||||||
FNMA | FNMA PREASSIGN 00635 5% DUE 09-15-2008 REG | ** | 3,825 | |||||||
FNMA | FNMA PREASSIGN 00638 5.5 11-25-2031 | ** | 614 | |||||||
FNMA | FNMA REMIC SER 2002-57 CL-JD 6 01-25-2031 | ** | 390 | |||||||
FNMA | FNMA REMIC SER 2005-38 CL DN 5 12-25-2017 | ** | 398 | |||||||
FNMA | FNMA REMIC TR 2005-36 CL-BA 4.5 10-25-2026 | ** | 569 | |||||||
GNMA | GNMA 2003-036 REMIC TR CL C 4.254 02-16-2031 | ** | 802 | |||||||
GNMA | GNMA 2006-006 REMIC PASSTHRU CL A 4.04500007629 10-16-2023 | ** | 287 | |||||||
GNMA | GNMA 2006-008 REMIC PASSTHRU CTF CL A 3.942 08-16-2025 | ** | 755 | |||||||
GNMA | GNMA 2006-009 REMIC PASSTHRU CTF CL A 4.201 08-16-2026 | ** | 992 | |||||||
GNMA | GNMA 2006-019 REMIC PASSTHRU CTF CL A 3.38700008392 06-16-2030 | ** | 645 | |||||||
GNMA | GNMA 2006-032 REMIC PASS THRU CTF CL A 5.07899999619 01-16-2030 | ** | 502 | |||||||
GNMA | GNMA POOL #780677 8% DUE 11-15-2017 REG | ** | 145 | |||||||
UNITED STATES GOVERNMENT | UNITED STATES TREAS NTS DTD 00124 4.875%DUE 04-30-2011 REG | ** | 2,307 | |||||||
UNITED STATES GOVERNMENT | UNITED STATES TREAS NTS DTD 00160 4.5% DUE 05-15-2010 REG | ** | 5,513 | |||||||
UNITED STATES GOVERNMENT | UNITED STATES TREAS NTS DTD 00167 4.625%DUE 07-31-2009 BEO | ** | 6,150 | |||||||
UNITED STATES GOVERNMENT | UNITED STATES TREAS NTS DTD 00172 4% DUE 09-30-2009 REG | ** | 2,357 | |||||||
UNITED STATES GOVERNMENT | UNITED STATES TREAS NTS DTD 00175 3.875%DUE 10-31-2012 REG | ** | 209 | |||||||
UNITED STATES GOVERNMENT | UNITED STATES TREAS NTS T-NOTE 4.375 DUE 12-15-2010 REG | ** | 2,195 | |||||||
UNITED STATES GOVERNMENT | US TREAS NTS 4.5 DUE 02-15-2009 REG | ** | 4,906 | |||||||
UNITED STATES GOVERNMENT | US TREAS NTS DTD 00151 4.75 DUE 02-15-2010 REG | ** | 9,047 | |||||||
UNITED STATES GOVERNMENT | US TREAS NTS DTD 00151 4.75 DUE 02-15-2010 REG | ** | 4,950 | |||||||
UNITED STATES GOVERNMENT | US TSY 4.125 15AUG10 | ** | 862 | |||||||
UNITED STATES GOVERNMENT | UTD STATES TREAS NTS 3.75 NTS 15/05/2008USD1000 3.75 DUE 05-15-2008 REG | ** | 5,221 | |||||||
Total US Government Securities | ** | 90,595 |
16
(b) | (c) | |||||||||
Identity of Issue, | Description of Investment Including, | (In 1000s) | ||||||||
Borrower, Lessor, | Maturity Date, rate of Inerest, | (d) | (e) | |||||||
(a) | or Similar Party | Collateral, Par or Maturity Value | Cost | Current Value | ||||||
Corporate Debt Instruments | ||||||||||
1ST UNION CORP | 1ST UN CORP SUB NT DTD 10/22/1993 6 DUE 10-30-2008 REG | ** | 202 | |||||||
5TH 3RD BANK | 5TH 3RD BK CIN OH MEDIUM TE TRANCHE # SR00014 4.2 DUE 02-23-2010 BEO | ** | 496 | |||||||
AMERICREDIT | AMERICREDIT AUTOMOBILE RECEIVABLES TR 2006-R-M CL A2 5.42% DUE 08-06-2011 REG | ** | 685 | |||||||
AMERICREDIT | AMERICREDIT AUTOMOBILE RECEIVABLES TR 205.43 DUE 11-08-2010 REG | ** | 1,102 | |||||||
AMERICREDIT | AMERICREDIT AUTOMOBILE RECEIVABLES TR 20NT CL A-3 5.19 DUE 11-07-2011 REG | ** | 852 | |||||||
AMERICREDIT | AMERICREDIT AUTOMOBILE RECEIVABLES TR 20NT CL A3 5.53 DUE 01-06-2014 REG | ** | 611 | |||||||
AMERICREDIT | AMERICREDIT AUTOMOBILE RECEIVABLES TR SER 2005-AX CL A-4 10-06-2011 REG | ** | 1,094 | |||||||
AMERICREDIT | AMERICREDIT PRIME AUTOMOBILE RECEIVABLESBKD NT A-3-A 5.04 DUE 06-08-2012 REG | ** | 1,131 | |||||||
AMERIQUEST MORTGAGE | AMERIQUEST MTG SECS INC 2004-FR1 AST BKDCTF CL A-5 4.455 DUE 05-25-2034 REG | ** | 950 | |||||||
AMERITECH | AMERITECH CAP FDG CORP 6.15 DUE 01-15-2008 REG | ** | 250 | |||||||
AMERICAN EXPRESS | AMERN EXPRESS CR CORP MEDIUM TERM NTS TRANCHE # TR 00047 5 DUE 12-02-2010 BEO | ** | 708 | |||||||
AMERICAN GENERAL FINANCE CORP | AMERN GEN FIN CORP MEDIUM TERM SR NTS TRANCHE # TR 00390 4.625 DUE 09-01-2010 | ** | 471 | |||||||
BAY VIEW | BAY VIEW 2005-3 OWNER TR 2005-3 CL A-4 5.01% DUE 06-25-2014 REG | ** | 700 | |||||||
BEARS STEARNS | BEAR STEARNS COS INC 7.625 DUE 12-07-2009 BEO | ** | 514 | |||||||
BELLSOUTH | BELLSOUTH CAP FDG CORP 7.75 DUE 02-15-2010 BEO | ** | 436 | |||||||
BERKSHIRE | BERKSHIRE HATHAWAY FIN CORP SR NT 3.375%DUE 10-15-2008 REG | ** | 991 | |||||||
BSCH ISSUANCES LTD | BSCH ISSUANCES LTD SUB NT DTD 09/14/20007.625% DUE 09-14-2010 BEO | ** | 1,199 | |||||||
CAPTIAL ONE | CAP 1 BK MEDIUM TERM SR BK NTS BOOK ENTRY NT 5 DUE 06-15-2009 REG | ** | 248 | |||||||
CAPITAL ONE | CAP 1 PRIME AUTO RECEIVABLES TR 2006-2 CL A-4 4.94000005722 DUE 07-15-2012 REG | ** | 735 | |||||||
CPITAL ONE | CAPITAL ONE AUTO FIN TR 2006-A NT CL A-35.33% DUE 11-15-2010 REG | ** | 738 | |||||||
CAPITAL ONE | CAPITAL ONE MASTER TR SER 1998-1 ASSET BACKED CTF CL B 6.356 DUE 06-15-2011 REG | ** | 1,007 | |||||||
CAPITAL ONE | CAPITAL ONE MULTI-ASSET EXECUTION TR SER2003-C4 CL C4 3.65% DUE 07-15-2011 REG | ** | 994 | |||||||
CARMAX AUTO OWNER | CARMAX AUTO OWNER SER 2006-2 CL A-3 5.15 DUE 02-15-2011 BEO | ** | 1,003 | |||||||
CATERPILLAR FINANCIAL STERVICES CORP | CATERPILLAR FINL SVCS CORP CATERPILLAR FINL SERVICESCORP SR NT 2.7 7-15-08 BEO | ** | 642 | |||||||
CENTEX HOME EQUITY LOAN | CENTEX HOME EQUITY LN TR 200 SEN_FIX_CAP04/25/ 10-25-2035 BEO | ** | 729 | |||||||
CENTEX HOME EQUITY LOAN | CENTEX HOME EQUITY LN TR 2005-D ASSET BKD CTF CL AV-2 07-25-2035 REG | ** | 173 | |||||||
CHASE | CHASE CR CARD OWNER TR 2003-2 ASSET BKD NT CL A FLTG RATE 07-15-2010 BEO | ** | 500 | |||||||
CHASE | CHASE ISSUANCE TR 4.96000003815% DUE 09-17-2012 BEO | ** | 991 | |||||||
CHASE | CHASE ISSUANCE TR SER 2005-A4 CL A4 4.23000001907% DUE 01-15-2013 BEO | ** | 1,001 | |||||||
CHEVRONTEXACO | CHEVRONTEXACO CAP CO CHEVRONTEXACO CP 3.375 DUE 02-15-2008/02-14-2008 BEO | ** | 250 | |||||||
CITI GROUP | CIT EQUIP COLL TR SER 2006-VT1 CL A-4 5.16% DUE 02-20-2013 BEO | ** | 755 | |||||||
CITI GROUP | CIT GROUP INC NEW SR NT 4.125% DUE 11-03-2009 | ** | 627 | |||||||
CITI GROUP | CITIBANK CR CARD ISSUANCE TR CCCIT 2006 A5 5.3 DUE 05-20-2011 BEO | ** | 984 | |||||||
CL | CL C 3.21% DUE 05-17-2012 REG | ** | 229 | |||||||
CMO FIRST UNION NATIONAL BANK | CMO 1ST UN NATL BK COML MTG TR 2002-C1 MTG PASSTHRU CTF CL A-1 0 08-12-2010 BEO | ** | 1,098 | |||||||
CMO FIRST UNION NATIONAL BANK | CMO 2005-AR12 1-A8 VAR 4.83263% DUE 10-25-2035 REG | ** | 1,052 | |||||||
CMO BAYVIEW FINANCIAL MORTGAGE | CMO BAYVIEW FINL MTG PASS-THROUGH TR 2006-C CL 1-A1 FLT RT DUE 11-28-2036 BEO | ** | 296 | |||||||
CMO BEAR STEARNS | CMO BEAR STEARNS ALT-A TR 2004-9 MTG PASSTHRU CTF CL VI-A-1 09-25-2034 REG | ** | 209 | |||||||
CMO BEAR STEARNS | CMO BEAR STEARNS ARM TR 2006-4 CL II-A-1FLT RT DUE 10-25-2036 BEO | ** | 448 | |||||||
CMO BASS MORTGAGE | CMO C-BASS MTG LN TR 2007-CB2 CBASS 2007-CB2 A2A 2/25/37 DUE 02-25-2037 BEO | ** | 581 | |||||||
CMO CHASE MORTGAGE | CMO CHASE MTG FIN TR SER 2005-A1 CL 3A1 FLT RT DUE 12-25-2035 REG | ** | 232 | |||||||
CMO CHL MORTGAGE | CMO CHL MTG PASS-THRU TR 2007-HY1 DUE 04-25-2037 REG | ** | 356 | |||||||
CMO CITIGROUP | CMO CITIGROUP MTG LN TR 2006-AR1 MTG BKDNT CL I-A1 DUE 10-25-2035 REG | ** | 486 | |||||||
CMO CITIGROUP | CMO CITIGROUP MTG LN TR 2007-AR8 MTG PASS THRU CTF 2-A1A DUE 07-25-2037 REG | ** | 808 | |||||||
CMO CITIGROUP | CMO CITIGROUP MTG LN TR DUE 03-25-2034 REG | ** | 312 | |||||||
CMO CL | CMO CL 1-A1 5.62279% DUE 12-25-2036 REG | ** | 458 | |||||||
CMO CWMBS INC. | CMO CWMBS INC 2003-56 MTG PASSTHRU CTF CL 3-A-6 4.49% DUE 12-25-2033 REG | ** | 672 | |||||||
CMO CWMBS INC. | CMO CWMBS INC 2003-J11 MTG PASSTHRU CTF CL 1-A-5 5.25 DUE 10-25-2033 REG | ** | 438 | |||||||
CMO CWMBS INC. | CMO CWMBS INC 2005-HYB10 MTG PASSTHRU CTF CL 5-A-1 DUE 02-20-2036 REG | ** | 361 | |||||||
CMO CWMBS INC. | CMO CWMBS INC 2005-HYB6 MTG PASSTHRU CTFCL 1-A-1 DUE 10-20-2035 REG | ** | 474 | |||||||
CMO FHASI MORTGAGE | CMO FHASI MTG PASSTHRU TR 07-A SEC CMO 07 AR1 1A1 00.000%MAR25 37 052537 BEO | ** | 464 | |||||||
CMO GMAC COMMERICAL MORTGAGE | CMO GMAC COML MTG SEC INC MTG PASS THRU CTF 1999-C1 CL A-2 6.175 DUE 05-15-2033 | ** | 468 | |||||||
CMO GMAC COMMERICAL MORTGAGE | CMO GMAC COML MTG SEC INC MTG PASSTHRU CTF SER 99-C2 CL A-2 6.945 9-15-33 BEO | ** | 605 | |||||||
CMO GMAC COMMERICAL MORTGAGE | CMO GMAC COML MTG SEC INC SER 1998-C2 CLASS-A2 6.42 DUE 05-15-2035 BEO | ** | 416 | |||||||
CMO GRANITE MASTER | CMO GRANITE MASTER ISSUER PLC 2006-2 NT CL A1 DUE 04-20-2031 REG | ** | 137 | |||||||
CMO GS MORTGAGE | CMO GS MTG SECS CORP 2004-7 MTG PASSTHRUCTF CL 1A2 DUE 06-25-2034 REG | ** | 234 | |||||||
CMO GSR MORTGAGE | CMO GSR MTG LN TR 2007 AR1 MTG PASSTHRU CTF CL 2A1 DUE 03-25-2037 REG | ** | 580 | |||||||
CMO GSR MORTGAGE | CMO GSR MTG LN TR 2007-AR2 5.495% MTG BDS 25/05/37 1000 DUE 05-25-2037 BEO | ** | 520 | |||||||
CMO HARBORVIEW MORTGAGE | CMO HARBORVIEW MTG LN TR 2005-4 MTG PASSTHRU CTF CL 3-A1 DUE 07-19-2035 REG | ** | 390 | |||||||
CMO INDYMACK | CMO INDYMAC INDA MTG LN TR SER 2006-AR3 CL 1A1 DUE 12-25-2036 REG | ** | 374 | |||||||
CMO JP MORGAN CHASE | CMO J P MORGAN CHASE COML MTG SECS TR 2007-C 5.538 DUE 02-12-2049 REG | ** | 938 | |||||||
CMO JP MORGAN CHASE | CMO J P MORGAN CHASE COML MTG SECS TR 2007-L CL A-1 5.651 DUE 07-15-2045 REG | ** | 664 | |||||||
CMO JP MORGAN CHASE | CMO J P MORGAN MTG TR 2005-A5 MTG PASSTHRU CTF CL 2-A-2 DUE 08-25-2035 REG | ** | 514 | |||||||
CMO JP MORGAN CHASE | CMO J P MORGAN MTG TR 2005-A8 MTG PASSTHRU CTF CL 2-A-7 DUE 11-25-2035 REG | ** | 511 | |||||||
CMO JP MORGAN CHASE | CMO J P MORGAN MTG TR 2007-A1 CL 6-A-1 4.77715% DUE 07-25-2035 BEO | ** | 307 | |||||||
CMO LB-UBS COMMERCIAL MORTGAGE | CMO LB-UBS COML MTG TR 2000-C5 COML MTG PASSTHRU CTF CL A-2 6.51 DUE 12-15-2026 | ** | 627 | |||||||
CMO MASTER ALTERNATIVE | CMO MASTR ALTERNATIVE LN TR 2004-3 CL 8-A-1 7% DUE 04-25-2034 REG | ** | 61 | |||||||
CMO MORGAN STANLEY | CMO MORGAN STANLEY CAP TR I 2007-HQ11 5.359 DUE 02-12-2044 REG | ** | 602 | |||||||
CMO MORGAN STANLEY | CMO MORGAN STANLEY MTG LN TR 2006-8AR CL5-A-2 5.43894481659 DUE 06-25-2036 REG | ** | 574 | |||||||
CMO POPULAR ABS INC. | CMO POPULAR ABS INC 2005-3 CL AF-3 4.43699979782% DUE 07-25-2035 REG | ** | 1,061 |
17
(b) | (c) | |||||||||
Identity of Issue, | Description of Investment Including, | (In 1000s) | ||||||||
Borrower, Lessor, | Maturity Date, rate of Inerest, | (d) | (e) | |||||||
(a) | or Similar Party | Collateral, Par or Maturity Value | Cost | Current Value | ||||||
CMO RESDENTIAL ACCREDIT | CMO RESDNTL ACCREDIT LNS INC MTG PASS TH2004-QS11 CL A-3 5.5 08-25-2034 REG | ** | 349 | |||||||
CMO RESDENTIAL AST | CMO RESDNTL AST MTG PRODS INC 2004-SL4 CL A-IV 7 DUE 06-25-2032 REG | ** | 475 | |||||||
CMO RFMSI SERVICES | CMO RFMSI SER 2007-SA1 TR CL II-A-2 FLT RT DUE 02-25-2037/03-25-2008 BEO | ** | 445 | |||||||
CMO SEQUOIA MORTGAGE | CMO SEQUOIA MTG TR 2007-1 MTG PASS THRU CTF CL 2-A1 DUE 02-20-2047 REG | ** | 444 | |||||||
CMO SEQUOIA MORTGAGE | CMO SEQUOIA MTG TR 2007-3 CL 2A-A1 DUE 07-20-2037 BEO | ** | 194 | |||||||
CMO TEACHERS INSURANCE & ANNUITY ASSOCIATION | CMO TEACHERS INS & ANNUITY ASSN AMER 2001-C1 CMO 144A 6.68 DUE 06-19-2031 BEO | ** | 999 | |||||||
CMO WAMUT MORTGAGE | CMO WA MUT MTG PASS-THRU CTFS WMA CL 3-A-3 VAR RATE DUE 07-25-2036 REG | ** | 942 | |||||||
CMO WAMUT MORTGAGE | CMO WAMU MTG PASS THRU CTFS SER 2006-AR16 CL 1-A1 VAR RATE 12-25-36 REG | ** | 424 | |||||||
CMO WAMUT MORTGAGE | CMO WAMU MTG PASS THRU CTFS SER 2006-AR18 CL 1-A1 VAR RT 1-25-2037 BEO | ** | 437 | |||||||
CMO WAMUT MORTGAGE | CMO WAMU MTG PASS THRU CTFS SER 2007-HY7DUE 06-25-2037 REG | ** | 505 | |||||||
CMO WAMUT MORTGAGE | CMO WAMU MTG PASS-THRU CTF SER 2007-HY4 CL 1-A1 VAR RT DUE 04-25-2037 BEO | ** | 496 | |||||||
CMO WAMUT MORTGAGE | CMO WAMU MTG PASS-THRU CTFS 2003-AR4 CL A-7 VAR 3.95 DUE 05-25-2033 BEO | ** | 302 | |||||||
CMO WAMUT MORTGAGE | CMO WAMU MTG PASS-THRU CTFS 2003-S7 MTG PASSTHRU CTF CL A-1 4.5 08-25-2018 REG | ** | 303 | |||||||
CMO WAMUT MORTGAGE | CMO WAMU MTG PASS-THRU CTFS 2005-AR16 CL1A3 0 DUE 12-25-2035 REG | ** | 289 | |||||||
CMO WAMUT MORTGAGE | CMO WAMU MTG PASS-THRU CTFS SER 2007-HY5 CL 1-A1 DUE 5-25-37 REG | ** | 228 | |||||||
CMO WELLS FARGO | CMO WELLS FARGO MTG BACKED SECS 2006-AR10 TR CL VA1 FLT RT 7-25-2036 REG | ** | 189 | |||||||
CMO WELLS FARGO | CMO WELLS FARGO MTG BACKED SECS 2003-A TR DUE 02-25-2033 BEO | ** | 543 | |||||||
CMO WELLS FARGO | CMO WELLS FARGO MTG BACKED SECS 2006-AR8CL III-A-2 VAR 5.2379 DUE 05-25-2036 REG | ** | 697 | |||||||
CMO WELLS FARGO | CMO WELLS FARGO MTG BKD SECS 2005-AR16 TR CL III-A-1 DUE 10-25-2035 REG | ** | 877 | |||||||
CMO WELLS FARGO | CMO WELLS FARGO MTG BKD SECS 2005-AR16 TR CL IV-A-2 DUE 10-25-2035 REG | ** | 364 | |||||||
COCA COLA ENTERPRISES INC | COCA COLA ENTERPRISES INC NT 4.25% DUE 09-15-2010/09-14-2010 BEO | ** | 1,491 | |||||||
CONSUMERS FDG LLC | CONSUMERS FDG LLC 2001-1 SECURITIZATION BD CL A-5 5.43% DUE 04-20-2015 BEO | ** | 1,277 | |||||||
CR ACCEP AUDTO DEALER | CR ACCEP AUTO DEALER LN TR 2007-2 6.16 DUE 04-15-2013 BEO | ** | 1,451 | |||||||
CREDIT SUISSE | CR SUISSE 1ST BSTN MTG SECS CORP SER 98-C1 CL A1B 6.48 MTG P-THRU CTF 5-17-08 | ** | 397 | |||||||
CWABS INC | CWABS INC 2005-1 ASSET BKD CTF CL AF-3 FLTG RATE 09-25-2031 REG | ** | 451 | |||||||
CWHEQ HOME EQUITY | CWHEQ HOME EQTY LN TR SER 2007-S1 CWL 2007-S1 A1B 5.888 DUE 02/25/37 BEO | ** | 630 | |||||||
JOHN DEERE | DEERE JOHN CAP CORP MEDIUM TERM NTS-BOOKTRANCHE # TR 00333 4.375 3-14-08 | ** | 524 | |||||||
JOHN DEERE | DEERE JOHN CAP CORP MEDIUM TERM NTS BOOKTRANCHE # TR 00318 3.75 01-13-09 | ** | 594 | |||||||
DEUTSCHE BANK | DEUTSCHE BK AG GLOBAL MEDIUM TERM NTS BOTRANCHE # TR 00182 5 DUE 10-12-2010 | ** | 367 | |||||||
DEUTSCHE TELEKOM INTERNATIONAL | DEUTSCHE TELEKOM INTL FIN B V NT 3.875 DUE 07-22-2008/07-22-2003 BEO | ** | 496 | |||||||
DOMINION RES INC | DOMINION RES INC DEL SR NT SER D 5.125% DUE 12-15-2009/12-14-2009 BEO | ** | 505 | |||||||
FORD CREDIT | FORD CR AUTO OWNER TR 2006 C NT CL A 3 5.15999984741% DUE 11-15-2010 REG | ** | 780 | |||||||
FORD CREDIT | FORD CR FLOORPLAN MASTER OWNER TR A SERIES 2006-3 CLASS-A 06-15-2011 REG | ** | 738 | |||||||
GE EQUIPMENT SMALL TICKET LLC | G E EQUIP SMALL TICKET LLC SER 2005-2 CLA-3 10-22-2009 BEO | ** | 445 | |||||||
GENWORTH FINANCIAL INC | GENWORTH FINL INC SR NT 5.231 DUE 05-16-2009 REG | ** | 1,506 | |||||||
GOLDMAN SACHS GROUP INC | GOLDMAN SACHS GROUP INC SR NT DTD 01/13/2004 3.875% DUE 01-15-2009 REG | ** | 990 | |||||||
GREEN TREE FINANCIAL CORP | GREEN TREE FINL CORP 1995-3 MFD HSG SR/SUB PASSTHRU CL M-1 7.95 08-15-2025 | ** | 154 | |||||||
GS AUTO LOAN | GS AUTO LN TR 2006-1 NT CL A-4 5.38% DUE01-15-2014 REG | ** | 761 | |||||||
GS AUTO LOAN | GS AUTO LN TR SER 2004-1 CL A4 2.65% DUE05-16-2011 BEO | ** | 149 | |||||||
HARLEY-DAVIDSON MOTORCYCLE | HARLEY-DAVIDSON MOTORCYCLE TR 2006-2 CL A-1 5.36 DUE 10-15-2010 REG | ** | 167 | |||||||
HARLEY-DAVIDSON MOTORCYCLE | HARLEY-DAVIDSON MOTORCYCLE TR 2006-3 BKD NT CL B 5.43 DUE 11-15-2014 REG | ** | 698 | |||||||
HONDA AUTO | HONDA AUTO RECEIVABLES 2005-2 OWNER TR SER 2005-2 CL A3 3.93 DUE 01-15-2009 BEO | ** | 49 | |||||||
HOUSEHOLD FINANCE CORP | HOUSEHOLD FIN CORP NT DTD 01/27/1994 6.45% DUE 02-01-2009 REG | ** | 506 | |||||||
HSBC AUTOMOTIVE | HSBC AUTOMOTIVE TR 2007-1 CL A-3 5.3% DUE 11-17-2011 BEO | ** | 705 | |||||||
HSBC HOME EQUITY | HSBC HOME EQTY LN TR USA 06-4 CLOSED-ENDASTBKD CTF A-1F 5.79 DUE 032036 REG | ** | 165 | |||||||
HYUNDAI AUTO | HYUNDAI AUTO RECEIVABLES TR 2006-B 5.11%DUE 04-15-2011 | ** | 950 | |||||||
IMC HOME EQUITY | IMC HOME EQTY LN TR SER 1998-3 PASSTHRU CTF CL A-8 6.34 DUE 08-20-2029BEO | ** | 43 | |||||||
JP MORGAN | J P MORGAN MTG ACQSTN TR 2007-CH1 ABS AF-1B 5.935 11-25-2036REG | ** | 458 | |||||||
KEY CORP | KEYCORP MEDIUM TERM SR NTS BOOK ENTRY SRNT VAR RT DUE 06-02-2008 | ** | 501 | |||||||
LEHMAN BORTHERS HOLDINGS INC | LEHMAN BROTHERS HLDGS INC MEDIUM TERM NTS BOOK ENTRY MTN 3.95% DUE 11-10-2009 | ** | 634 | |||||||
LONG BEACH ACCEP AUTO | LONG BEACH ACCEP AUTO RECEIVABLES TR 2005-B CL A-3 4.406 5-15-10REG | ** | 209 | |||||||
LONG BEACH ACCEP AUTO | LONG BEACH ACCEP AUTO RECEIVABLES TR 200NT CL A-3 5.418 DUE 12-15-2010 BEO | ** | 452 | |||||||
M & I MARSCHALL & ILSLEY BANK | M & I MARSHALL & ILSLEY BK MILW WI MTN 3.95 DUE 08-14-2009 | ** | 468 | |||||||
MARSCHALL & ILSLEY BANK | MARSHALL & ILSLEY CORP M AND I CORP NTS 4.375% DUE 08-01-2009 BEO | ** | 990 | |||||||
MBNA CREDIT CARD | MBNA CR CARD MASTER NT TR 2006-A1 NT CL A 4.90000009537% DUE 07-15-2011 REG | ** | 1,108 | |||||||
MERRILL LYNCH & CO INC | MERRILL LYNCH & CO INC MEDIUM TERM NTS BTRANCHE # TR 00355 3.7 DUE 04-21-2008 | ** | 745 | |||||||
MORGAN STANLEY & CO INC | MORGAN STANLEY & CO INC SR NT DTD 05/07/2003 4.25 DUE 05-15-2010 BEO | ** | 650 | |||||||
NATIONAL CY BANK | NATL CY BK CLEV OH MEDIUM T TRANCHE # TR00249 4.25 DUE 01-29-2010 | ** | 750 | |||||||
NAVISTAR FINANCIAL | NAVISTAR FINL 2003-B OWNER TR AST BKD NTCL A-4 3.25 DUE 10-15-2010/03-17-2008REG | ** | 258 | |||||||
NEW CENTURY HOME EQUITY | NEW CENTY HOME EQUITY LN TR SER 2005-A CL A2 08-25-2035 REG | ** | 61 | |||||||
OWINT MORTGAGE | OWNIT MTG LN TR SER 2006-1 CL AF-1 12-25-2036 REG | ** | 293 | |||||||
PG&E ENERGY | PG&E ENERGY RECOVERY FDG LLC SERIES 2005-1 CLASS-A2 3.87% DUE 06-25-2011 BEO | ** | 408 | |||||||
PNC FDG CORP | PNC FDG CORP SUB NT 7.5 DUE 11-01-2009 BEO | ** | 763 | |||||||
PRAXAIR INC | PRAXAIR INC NT 2.75 DUE 06-15-2008/06-14-2008 BEO | ** | 709 | |||||||
PROTECTIVE LIFE | PROTECTIVE LIFE SECD TRS SECD MEDIUM TERM NTS BOOK ENTRY MTN 4 DUE 10-07-2009 | ** | 903 | |||||||
PVTPL | PVTPL ASSET BKD CTF CL A-3 144A 5.49% DUE 04-15-2011 BEO | ** | 522 | |||||||
PVTPL | PVTPL ASSET BKD CTF CL A-3 144A 5.49% DUE 04-15-2011 BEO | ** | 559 | |||||||
PVTPL | PVTPL CMO DEUTSCHE MTG SECS INC 2005-WFAR13R CL 5.021 06-25-2035 BEO | ** | 663 | |||||||
PVTPL | PVTPL CMO DMSI 2005-WFAR13R MTG PASSTHRUCTF 144A CL VAR RT DUE 06-26-2035 BEO | ** | 348 | |||||||
PVTPL | PVTPL FONDO LATINOAMERICANO DE RESERVAS NT FLTG RATE 144A 5.7575 DUE 02-15-2011 | ** | 726 | |||||||
PVTPL | PVTPL MONUMENTAL GLOBAL FDG II SR SECD NT 144A 3.85% DUE 03-03-2008 BEO | ** | 399 |
18
(b) | (c) | |||||||||
Identity of Issue, | Description of Investment Including, | (In 1000s) | ||||||||
Borrower, Lessor, | Maturity Date, rate of Inerest, | (d) | (e) | |||||||
(a) | or Similar Party | Collateral, Par or Maturity Value | Cost | Current Value | ||||||
PVTPL | PVTPL TIAA GLOBAL MKTS INC MEDIUM TERM NTS TR 00003 5.125 10-10-2012 BEO | ** | 255 | |||||||
REGIONS FINANCIAL CORP | REGIONS FINL CORP NEW BD 4.5% DUE 08-08-2008 BEO | ** | 742 | |||||||
RENAISSANCE HOME EQUITY | RENAISSANCE HOME EQUITY LN TR 2006-3 ASTBKD NT CL AF-2 5.58 DUE 11-25-2036REG | ** | 358 | |||||||
RENAISSANCE HOME EQUITY | RENAISSANCE HOME EQUITY LN TR 2006-4 MTGPASS THRU CTF CL AF-1 01-25-2037 REG | ** | 175 | |||||||
RENAISSANCE HOME EQUITY | RENAISSANCE HOME EQUITY LN TR 2007-2 ASSET BACKED NT CL AF-1 06-25-2037 REG | ** | 638 | |||||||
RESIDENTIAL AST | RESDNTL AST MTG PRODS INC SER 2004-RS4 CL A-I-4 04-25-2034/03-25-2008 BEO | ** | 663 | |||||||
RESIDENTIAL AST | RESDNTL AST SEC CORP MTG PA 4.704 A/BKD 25/10/2031 USD1000 4.704 10-25-2031 REG | ** | 487 | |||||||
SECURITIZED | SECURITIZED ASSET BACKED RECEIVABLES LLCTR SER 2006-CB1 CL AF1 01-25-2036 BEO | ** | 89 | |||||||
SIMON PPTY GROUP | SIMON PPTY GROUP L P NT 4.6% DUE 06-15-2010 REG | ** | 497 | |||||||
SR NT | SR NT SER G 5.375% DUE 10-01-2008 BEO | ** | 857 | |||||||
TARGET CORP | TARGET CORP TARGET NEW DEAL 3.375% DUE 03-01-2008/02-28-2008 BEO | ** | 598 | |||||||
TEXTRON INC | TEXTRON INC NT 6.375% DUE 11-15-2008 BEO | ** | 558 | |||||||
TOYOTA AUTO | TOYOTA AUTO RECEIVABLES 2003-B OWNER TR SER 2003-B CL A4 2.79 DUE 01-15-2010 BEO | ** | 231 | |||||||
TRIAD AUTO | TRIAD AUTO RECEIVABLES TR 2006-A ASSET BKD NT CL A-3 4.77% DUE 01-12-2011 REG | ** | 513 | |||||||
TRIAD AUTO | TRIAD AUTOMOBILE RECEIVABLES TR 2006-B A3 5.41 DUE 08-12-2011 BEO | ** | 770 | |||||||
TRIAD AUTO | TRIAD AUTOMOBILE RECEIVABLES TR 2007-A 5.35 DUE 03-14-2011 REG | ** | 550 | |||||||
TRIAD AUTO | TRIAD AUTOMOBILE RECEIVABLES TRUST 2005-A CL A-4 4.22% DUE 06-12-2012 REG | ** | 996 | |||||||
UPFC AUTO | UPFC AUTO RECEIVABLES TR 2007-A NT CL A-3 5.53000020981% DUE 07-15-2013 REG | ** | 610 | |||||||
WELLS FARGO | WELLS FARGO FINL AUTO OWNER TR 2004-A CLA-4 2.67% DUE 08-16-2010 REG | ** | 618 | |||||||
WELLS FARGO | WELLS FARGO MTG BACKED SECS 2006-AR10 TRMTG PASSTHRU CTF CL V-A-6 07-25-2036 | ** | 459 | |||||||
WORLD SAVINGS BANK | WORLD SVGS BK FSB OAKLAND CAL MEDIUM T SR NT 4.125 DUE 03-10-2008 REG | ** | 539 | |||||||
AB SVENSK EXPORTKREDIT | AB SVENSK EXPORTKREDIT SWEDISH EXPT CRTRANCHE # TR00044 4.875 01-19-2010 REG | ** | 1,019 | |||||||
AL PWR CO | AL PWR CO SR NT SER X 3.125 DUE 05-01-2008 REG | ** | 248 | |||||||
AMERICREDIT | AMERICREDIT AUTOMOBILE RECEIVABLES TR 20SER 2006-BG CL A4 5.21 9-06-2013BEO | ** | 1,004 | |||||||
CHASE MANHATTAN CORP | CHASE MANHATTAN CORP NEW 6.375 DUE 04-01-2008 REG | ** | 616 | |||||||
CMO | CMO 2003-AR9 MTG PASSTHRU CTF CL I-B-3 VAR DUE 09-25-2033 REG | ** | 97 | |||||||
CMO BANC AMERICA MORTGAGE | CMO BANC AMER MTG SECS INC 2004-G MTG PASSTHRU CTF CL 1-A-1 DUE 08-25-2034 REG | ** | 308 | |||||||
CMO BEAR STEARNS | CMO BEAR STEARNS ARM TR 2006-1 MTG BKD NT CL A-1 DUE 02-25-2036 REG | ** | 811 | |||||||
CMO CHASE MORTGAGE | CMO CHASE MTG FIN TR SER 2004-S3 CL IIA-1 5.25% DUE 03-25-2034 BEO | ** | 316 | |||||||
CMO DEUTSCHE | CMO DEUTSCHE MTG & AST RECEIVING COML PASS CTF 98-1 CL C 6.861 DUE 06-15-31 | ** | 478 | |||||||
CMO DLJ COMMERICAL MORTGAGE CORP | CMO DLJ COML MTG CORP COML 1999-CG2 CL A-1B 7.30000019073% DUE 06-10-2032 BEO | ** | 681 | |||||||
CMO FIRST HORIZON | CMO FIRST HORIZON MTG PASS THRU TR 2006 FA5 CL A-3 6.25% DUE 08-25-2036 REG | ** | 328 | |||||||
CMO GMAC COMMERICAL MORTGAGE | CMO GMAC COML MTG SEC INC MTG PASSTHRU CTF SER 99-C3 CL A-1-B 7.273 DUE **INC | ** | 804 | |||||||
CMO GMAC COMMERICAL MORTGAGE | CMO GMACM MTG LN TR 2004-J1 CL A-15 5.25% DUE 04-25-2034 REG | ** | 247 | |||||||
CMO GNMA | CMO GNMA 2006-066 REMIC PASSTHRU CTF CL A 4.087 DUE 11-30-2046 | ** | 680 | |||||||
CMO GNMA | CMO GNMA 2006-068 REMIC PASSTHRU CTF CL A 3.88800001144% DUE 07-16-2026 REG | ** | 1,437 | |||||||
CMO GNMA | CMO GNMA 2006-67 REMIC PASSTHRU CTF CL A3.9470000267% DUE 11-16-2030 REG | ** | 1,449 | |||||||
CMO GNMA | CMO GNMA 2007-4 REMIC PASSTHRU CTF CL A 4.20599985123% DUE 06-16-2029 BEO | ** | 452 | |||||||
CMO JP MORGAN | CMO J P MORGAN MTG TR 2004-S2 MTG PASSTHRU CTF CL 2-A-7 5.25 11-25-34 REG | ** | 370 | |||||||
CMO JP MORGAN | CMO J P MORGAN MTG TR 2006-A7 MTG PASSTHRU CTF CL 2-A-2 DUE 01-25-2037 REG | ** | 257 | |||||||
CMO MERRILL LYNCH | CMO MERRILL LYNCH MTG INVS INC 4.6312% DUE 12-25-2034 BEO | ** | 221 | |||||||
CMO RES FDG | CMO RES FDG MTG SECS II INC 2005-HS1 HM LN NT CL A-I-1 DUE 9-25-35 REG | ** | 164 | |||||||
CMO RESIDENTIAL | CMO RESDNTL ACCREDIT LNS INC MTG PASS TH2004-QS16 CL I-A-1 5.5 12-25-2034 REG | ** | 411 | |||||||
CMO WELLS FARGO | CMO WELLS FARGO MTG BACKED SECS 2006-3 TR 2006-3 CL A-1 5.5 DUE 03-25-2036 REG | ** | 354 | |||||||
CMO CAST CABLE COMMUNICATIONS INC | COMCAST CABLE COMMUNICATIONS INC NOTES 6.875% DUE 06-15-2009/06-14-2009 BEO | ** | 720 | |||||||
COMMONWEALTH EDISON | COMWLTH EDISON CO 1ST MTG BD SER 98 6.15DUE 03-15-2012 BEO | ** | 88 | |||||||
COUNTRYWIDE HOME | COUNTRYWIDE HOME LNS INC MEDIUM TERM NTSTRANCHE # TR 00324 4.125 9-15-2009 | ** | 161 | |||||||
CVS CORP | CVS CORP NT 4% DUE 09-15-2009/03-15-2005REG | ** | 343 | |||||||
DAIMLERCHRYSLER N AMER HLDG CORP | DAIMLERCHRYSLER N AMER HLDG CORP MED TRANCHE # TR 00040 5.75 DUE 05-18-2009 | ** | 527 | |||||||
DISCOVER | DISCOVER FINL SVCS SR NT FLTG 144A DUE 06-11-2010 BEO | ** | 357 | |||||||
DLJ COMMERICAL MORTGAGE | DLJ COML MTG CORP COML MTG PASSTHRU CTF 98-CG1 CL A-1B 6.41% DUE 06-10-2031 REG | ** | 286 | |||||||
FIRST FRANKLIN MORTGAGE | FIRST FRANKLIN MTG LN TR SER 2005-FFH4 CL 2A2 FLT RT 12-25-2035 REG | ** | 482 | |||||||
GMACCM HOME EQUITY | GMACM HOME EQUITY LN TR 2004-HE5 NT CL A-3 3.97% DUE 09-25-2034 REG | ** | 101 | |||||||
GMACCM HOME EQUITY | GMACM HOME EQUITY LN TR 2006-HE2 CL A-1 6.30999994278% DUE 05-25-2036 REG | ** | 277 | |||||||
GREENPOINT FINANCIAL CORP | GREENPOINT FINL CORP SR NT 3.2% DUE 06-06-2008 | ** | 986 | |||||||
HOME LOAN | HOME LN TR 2006-HI4 HOME LN BKD NT CL A-1 08-25-2020 REG | ** | 339 | |||||||
NEXTTEL COMMUNICATIONS INC | NEXTEL COMMUNICATIONS INC SR SERIAL RED NT SER D 7.375 DUE 08-01-2015REG | ** | 233 | |||||||
PVTPLA BANCO MERCANTILE | PVTPL BANCO MERCANTILE DEL NORTE S A GRAND CAY 6.135 DUE 10-13-2016 BEO | ** | 186 | |||||||
PVTPL ERAC USA FINANCIAL CO | PVTPL ERAC USA FIN CO ERAC USA FIN COMP 5.8 OCT 2012 5.8 DUE 10-15-2012 BEO | ** | 744 | |||||||
PVTPL TYCO ELECTRONICS GROUP | PVTPL TYCO ELECTRONICS GROUP S A GTD SR NT 144A 6 DUE 10-01-2012 BEO | ** | 184 | |||||||
PVTPL XSTRATA FIN CDA LTD | PVTPL XSTRATA FIN CDA LTD GTD NT 144A 5.5% DUE 11-16-2011/11-13-2007 BEO | ** | 367 | |||||||
REAL ESTATE AST | REAL ESTATE AST 2006-2 MTG 12/04/2017 | ** | 451 | |||||||
RESIDENTIAL FDG MORTGAGE | RESDNTL FDG MTG SECS II INC 2006-HSA1 HOME EQTY LN CL A-1 02-25-2036 REG | ** | 394 | |||||||
SANTANDER DRIVE AUTO | SANTANDER DRIVE AUTO RECEIVABLES TR 2007-1 CL A-3 5.05% DUE 09-15-2011 BEO | ** | 752 | |||||||
SECOND PRIORITY SR SECD | SECOND PRIORITY SR SECD NT 10% DUE 06-15-2012/06-15-2008 REG | ** | 388 | |||||||
SLM CORP | SLM CORP MEDIUM TERM NTS BOOK ENTRY MTN 4 DUE 01-15-2009 | ** | 963 | |||||||
SPRINT | SPRINT CAP CORP GTD NT DTD 05/06/1999 6.375% DUE 05-01-2009 REG | ** | 1,006 | |||||||
TELECOM ITALIA C | TELECOM ITALIA CAP GTD SR NT 6.2% DUE 07-18-2011 BEO | ** | 719 | |||||||
TIME WARNER CABLE INC | TIME WARNER CABLE INC NT 5.4% DUE 07-02-2012/10-25-2007 REG | ** | 1,494 | |||||||
UN PAC CORP | UN PAC CORP NT 3.875 DUE 02-15-2009/02-14-2009 BEO | ** | 297 | |||||||
VERIZON GLOBAL | VERIZON GLOBAL FDG CORP NT 4 DUE 01-15-2008 BEO | ** | 250 |
19
(b) | (c) | |||||||||
Identity of Issue, | Description of Investment Including, | (In 1000s) | ||||||||
Borrower, Lessor, | Maturity Date, rate of Inerest, | (d) | (e) | |||||||
(a) | or Similar Party | Collateral, Par or Maturity Value | Cost | Current Value | ||||||
VIACOM INC | VIACOM INC SR NT 5.75% DUE 04-30-2011/10-18-2006 | ** | 608 | |||||||
VODAFONE GROUP | VODAFONE GROUP PLC NEW VODAFONE GROUP PLC 1/30/2008 3.95% DUE 01-30-2008 BEO | ** | 649 | |||||||
VODAFONE GROUP | VODAFONE GROUP PLC NEW VODAFONE GROUP PLC 1/30/2008 3.95% DUE 01-30-2008 BEO | ** | 500 | |||||||
WASHINGTON MUTUAL INC | WASHINGTON MUT INC NT 5% DUE 03-22-2012 BEO | ** | 355 | |||||||
WASHINGTON MUTUAL INC | WASHINGTON MUT INC SR NT 4.2% DUE 01-15-2010 REG | ** | 625 | |||||||
WFS FINANCIAL | WFS FINL 2005-3 OWNER TR NT CL D 4.76% DUE 05-17-2013 REG | ** | 413 | |||||||
Total Corporate Debt Instruments | ** | 122,594 | ||||||||
Common Stock | ||||||||||
*
|
MOTOROLA INC | MOTOROLA INC COM | ** | 383,338 | ||||||
Common Collectives | ||||||||||
*
|
THE NORTHERN TRUST COMPANY | COLTV SHORT TERM INVT FD | ** | 23,387 | ||||||
*
|
THE NORTHERN TRUST COMPANY | COLTV STIF | ** | 268,037 | ||||||
*
|
THE NORTHERN TRUST COMPANY | MFB NTGI-QM COLLECTIVE DAILY S&P MIDCAP 400 EQUITY INDEX FUND LENDING | ** | 671,089 | ||||||
*
|
THE NORTHERN TRUST COMPANY | MFB NTGI-QM COLTV DAILY RUSSELL 2000 EQTY INDEX FD-LENDING | ** | 290,976 | ||||||
*
|
THE NORTHERN TRUST COMPANY | MFB NTGI-QM COLTV DAILY EAFE INDEX FD LENDING | ** | 1,018,360 | ||||||
*
|
THE NORTHERN TRUST COMPANY | MFB NTGI-QM COLTV DAILY S&P 500 EQTY INDEX FD-LENDING | ** | 2,035,103 | ||||||
*
|
THE NORTHERN TRUST COMPANY | MFB NTGI-QM COLLECTIVE DAILY AGGREGATE BOND FUND LENDING TIER H | ** | 1,033,089 | ||||||
Total Common Collectives | 5,340,041 | |||||||||
*
|
PARTICIPANT LOAN | PARTICIPANT LOAN, VARYING MATURITIES WITH INTEREST RATES RANGING FROM 4.5% TO 21.34% | ** | 56,317 | ||||||
Grand Total | 5,994,576 | |||||||||
* | Represents a party-in-interest to the Plan | |
** | Historical cost is disclosed only for nonparticipant-directed investments. |
20
MOTOROLA 401(k) PLAN |
||||
Date: June 25, 2008 | By: | /s/ Shelia A. Forsberg | ||
Shelia A. Forsberg | ||||
Senior Director, Global Rewards-Benefits,
Motorola, Inc. and Member of the Motorola 401(k) Plan Committee |
||||
21