Retirement Benefit Plans Fair Value of Pension Plan Assets (Details) - USD ($) $ in Millions | 12 Months Ended |
Dec. 30, 2017 | Dec. 31, 2016 | Dec. 26, 2015 |
Domestic Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Weighted-average asset allocations | | 100.00% | 100.00% | |
Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Weighted-average asset allocations | | 100.00% | 100.00% | |
Guaranteed Insurance Contract [Member] | Domestic Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Weighted-average asset allocations | | 0.00% | 0.00% | |
Guaranteed Insurance Contract [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Weighted-average asset allocations | | 49.00% | 50.00% | |
Equity Securities [Member] | Domestic Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Weighted-average asset allocations | | 63.00% | 62.00% | |
Equity Securities [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Weighted-average asset allocations | | 26.00% | 27.00% | |
Debt Securities [Member] | Domestic Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Weighted-average asset allocations | | 37.00% | 38.00% | |
Debt Securities [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Weighted-average asset allocations | | 16.00% | 16.00% | |
Australia | Investment Fund [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [1] | $ 2.5 | $ 2.6 | |
Switzerland | Guaranteed Insurance Contract [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [2] | 32.8 | 28.5 | |
Germany | Guaranteed Insurance Contract [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [2] | 5.6 | 5 | |
Belgium | Mutual Fund [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [3] | 25.2 | 21.8 | |
Austria | Guaranteed Insurance Contract [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [2] | 0.4 | 0.4 | |
Korea | Guaranteed Insurance Contract [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [2] | 4.1 | 4 | |
Japan | Common/Collective Trust [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [4] | $ 12.8 | 10.9 | |
Japan | Bonds [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Target plan asset allocations | | 50.00% | | |
Japan | Other Long-term Investments [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Target plan asset allocations | | 47.00% | | |
Japan | Short-term Investments [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Target plan asset allocations | | 53.00% | | |
Japan | Equity Securities, Japanese Companies [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Target plan asset allocations | | 40.00% | | |
Japan | Equity Securities, Companies Outside of Japan [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Target plan asset allocations | | 7.00% | | |
Japan | Cash and Cash Equivalents [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Target plan asset allocations | | 3.00% | | |
Philippines | Fixed Income Securities [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [5] | $ 1.8 | $ 1.4 | |
Target plan asset allocations | | 38.00% | 38.00% | |
Philippines | Equity Securities [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Target plan asset allocations | | 57.00% | 57.00% | |
Philippines | Equity Funds [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [5] | $ 2.6 | $ 2.3 | |
Philippines | Cash and Cash Equivalents [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Target plan asset allocations | | 5.00% | 5.00% | |
Pension Benefits [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | | $ 116.7 | $ 103.9 | |
Pension Benefits [Member] | Domestic Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Expected return on plan assets | | 7.30% | 8.30% | 8.30% |
Fair value of plan assets | | $ 29 | $ 27 | $ 33.9 |
Discount rate, benefit obligations | | 3.30% | 3.70% | 3.90% |
Pension Benefits [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Expected return on plan assets | | 3.10% | 3.20% | 3.40% |
Fair value of plan assets | | $ 87.7 | $ 76.9 | $ 78.2 |
Discount rate, benefit obligations | | 2.20% | 2.30% | 2.40% |
Pension Benefits [Member] | United States Small Stocks [Member] | Domestic Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Weighted-average asset allocations | | 21.00% | 20.00% | |
Pension Benefits [Member] | International Stocks [Member] | Domestic Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Weighted-average asset allocations | | 10.00% | 10.00% | |
Pension Benefits [Member] | United States Large Stocks [Member] | Domestic Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Weighted-average asset allocations | | 32.00% | 32.00% | |
Pension Benefits [Member] | Common/Collective Trust [Member] | Domestic Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [6] | $ 28.9 | $ 27 | |
Pension Benefits [Member] | Fixed Income Securities [Member] | Domestic Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Target plan asset allocations | | 40.00% | 40.00% | |
Pension Benefits [Member] | Equity Securities [Member] | Domestic Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Target plan asset allocations | | 60.00% | 60.00% | |
Pension Benefits [Member] | Australia | Investment Fund [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Minimum long-term net return above inflation | | 3.50% | 4.00% | |
Pension Benefits [Member] | Australia | Equity Securities, Australian Companies [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Weighted-average asset allocations | | 16.00% | 31.00% | |
Pension Benefits [Member] | Australia | Equity Securities, Companies Outside of Australia [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Weighted-average asset allocations | | 44.00% | 41.00% | |
Pension Benefits [Member] | Australia | Real Estate [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Weighted-average asset allocations | | 9.00% | 9.00% | |
Pension Benefits [Member] | Australia | Government and Corporate Bonds [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Weighted-average asset allocations | | 17.00% | 12.00% | |
Pension Benefits [Member] | Australia | Cash [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Weighted-average asset allocations | | 14.00% | 7.00% | |
Pension Benefits [Member] | Belgium | Fixed Income Securities [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Target plan asset allocations | | 38.00% | 38.00% | |
Pension Benefits [Member] | Belgium | Equity Securities, Large-cap European Companies [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Weighted-average asset allocations | | 27.00% | 27.00% | |
Pension Benefits [Member] | Belgium | Equity Securities, Small-cap European Companies [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Weighted-average asset allocations | | 17.00% | 17.00% | |
Pension Benefits [Member] | Belgium | U.S. and Emerging Markets Equities [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Weighted-average asset allocations | | 8.00% | 7.00% | |
Pension Benefits [Member] | Belgium | European and U.S. Government Bonds [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Weighted-average asset allocations | | 31.00% | 32.00% | |
Pension Benefits [Member] | Belgium | Money Market Funds [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Weighted-average asset allocations | | 17.00% | 17.00% | |
Pension Benefits [Member] | Belgium | Equity Securities [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Target plan asset allocations | | 62.00% | 62.00% | |
Pension Benefits [Member] | Japan | Common/Collective Trust [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Weighted-average asset allocations | | 100.00% | 100.00% | |
Pension Benefits [Member] | Japan | Government and Corporate Bonds [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Weighted-average asset allocations | | 53.00% | 50.00% | |
Pension Benefits [Member] | Japan | Equity Securities, Japanese Companies [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Weighted-average asset allocations | | 36.00% | 40.00% | |
Pension Benefits [Member] | Japan | Equity Securities, Companies Outside of Japan [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Weighted-average asset allocations | | 7.00% | 7.00% | |
Pension Benefits [Member] | Japan | Cash and Cash Equivalents [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Weighted-average asset allocations | | 4.00% | 3.00% | |
Quoted Prices in Active Markets for Identical Assets (Level 1) | Australia | Investment Fund [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [1] | $ 0 | $ 0 | |
Quoted Prices in Active Markets for Identical Assets (Level 1) | Switzerland | Guaranteed Insurance Contract [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [2] | 0 | 0 | |
Quoted Prices in Active Markets for Identical Assets (Level 1) | Germany | Guaranteed Insurance Contract [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [2] | 0 | 0 | |
Quoted Prices in Active Markets for Identical Assets (Level 1) | Belgium | Mutual Fund [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [3] | 25.2 | 21.8 | |
Quoted Prices in Active Markets for Identical Assets (Level 1) | Austria | Guaranteed Insurance Contract [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [2] | 0 | 0 | |
Quoted Prices in Active Markets for Identical Assets (Level 1) | Korea | Guaranteed Insurance Contract [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [2] | 0 | 0 | |
Quoted Prices in Active Markets for Identical Assets (Level 1) | Japan | Common/Collective Trust [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [4] | 0 | 0 | |
Quoted Prices in Active Markets for Identical Assets (Level 1) | Philippines | Fixed Income Securities [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [5] | 1.8 | 1.4 | |
Quoted Prices in Active Markets for Identical Assets (Level 1) | Philippines | Equity Funds [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [5] | 2.6 | 2.3 | |
Quoted Prices in Active Markets for Identical Assets (Level 1) | Pension Benefits [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | | 29.6 | 25.5 | |
Quoted Prices in Active Markets for Identical Assets (Level 1) | Pension Benefits [Member] | Common/Collective Trust [Member] | Domestic Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [6] | 0 | 0 | |
Significant Other Observable Inputs (Level 2) | Australia | Investment Fund [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [1] | 2.5 | 2.6 | |
Significant Other Observable Inputs (Level 2) | Switzerland | Guaranteed Insurance Contract [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [2] | 0 | 0 | |
Significant Other Observable Inputs (Level 2) | Germany | Guaranteed Insurance Contract [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [2] | 0 | 0 | |
Significant Other Observable Inputs (Level 2) | Belgium | Mutual Fund [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [3] | 0 | 0 | |
Significant Other Observable Inputs (Level 2) | Austria | Guaranteed Insurance Contract [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [2] | 0 | 0 | |
Significant Other Observable Inputs (Level 2) | Korea | Guaranteed Insurance Contract [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [2] | 0 | 0 | |
Significant Other Observable Inputs (Level 2) | Japan | Common/Collective Trust [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [4] | 12.8 | 10.9 | |
Significant Other Observable Inputs (Level 2) | Philippines | Fixed Income Securities [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [5] | 0 | 0 | |
Significant Other Observable Inputs (Level 2) | Philippines | Equity Funds [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [5] | 0 | 0 | |
Significant Other Observable Inputs (Level 2) | Pension Benefits [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | | 44.2 | 40.5 | |
Significant Other Observable Inputs (Level 2) | Pension Benefits [Member] | Common/Collective Trust [Member] | Domestic Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [6] | 28.9 | 27 | |
Significant Unobservable Inputs (Level 3) | Australia | Investment Fund [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [1] | 0 | 0 | |
Significant Unobservable Inputs (Level 3) | Switzerland | Guaranteed Insurance Contract [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [2] | 32.8 | 28.5 | |
Significant Unobservable Inputs (Level 3) | Germany | Guaranteed Insurance Contract [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [2] | 5.6 | 5 | |
Significant Unobservable Inputs (Level 3) | Belgium | Mutual Fund [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [3] | 0 | 0 | |
Significant Unobservable Inputs (Level 3) | Austria | Guaranteed Insurance Contract [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [2] | 0.4 | 0.4 | |
Significant Unobservable Inputs (Level 3) | Korea | Guaranteed Insurance Contract [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [2] | 4.1 | 4 | |
Significant Unobservable Inputs (Level 3) | Japan | Common/Collective Trust [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [4] | 0 | 0 | |
Significant Unobservable Inputs (Level 3) | Philippines | Fixed Income Securities [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [5] | 0 | 0 | |
Significant Unobservable Inputs (Level 3) | Philippines | Equity Funds [Member] | Foreign Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [5] | 0 | 0 | |
Significant Unobservable Inputs (Level 3) | Pension Benefits [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | | 42.9 | 37.9 | $ 38.7 |
Significant Unobservable Inputs (Level 3) | Pension Benefits [Member] | Common/Collective Trust [Member] | Domestic Plan [Member] | | | | |
Defined Benefit Plan Disclosure [Line Items] | | | | |
Fair value of plan assets | [6] | $ 0 | $ 0 | |
| |
[1] | For 2017 and 2016, the strategy of this fund is to achieve a long-term net return of at least 3.5 percent and 4 percent above inflation based on the Australian consumer price index over a rolling five-year period, respectively. The investment strategy is to invest mainly in equities and property, which are expected to earn relatively higher returns over the long term. The fair value of the fund is determined using the net asset value per share using quoted market prices or other observable inputs in active markets. As of December 30, 2017 and December 31, 2016, the percentage of funds held in investments included: Australian equities of 16 percent and 31 percent, other equities of listed companies outside of Australia of 44 percent and 41 percent, government and corporate bonds of 17 percent and 12 percent and cash of 14 percent and 7 percent, respectively and real estate of 9 percent | |
[2] | The strategy of the Company's plans in Austria, Germany, Korea and Switzerland is to seek to ensure the future benefit payments of their participants and manage market risk. This is achieved by funding the pension obligations through guaranteed insurance contracts. The plan assets operate similar to investment contracts whereby the interest rate, as well as the surrender value, is guaranteed. The fair value is determined as the contract value, using a guaranteed rate of return which will increase if the market performance exceeds that return. | |
[3] | The strategy of the Belgian plan in each period presented is to seek to achieve a return greater than or equal to the return that would have been earned by a portfolio invested approximately 62 percent in equity securities and 38 percent in fixed income securities. The fair value of the fund is calculated using the net asset value per share as determined by the quoted market prices of the underlying investments. As of December 30, 2017 and December 31, 2016, the percentage of funds held in various asset classes included: large-cap equities of European companies of 27 percent, small-cap equities of European companies of 17 percent, and money market fund of 17 percent in each year, bonds, primarily from European and U.S. governments, of 31 percent and 32 percent, and equities outside of Europe, mainly in the U.S. and emerging markets, 8 percent and 7 percent, respectively. | |
[4] | The Company's strategy is to invest approximately 47 percent of assets to benefit from the higher expected returns from long-term investments in equities and to invest 53 percent of assets in short-term low investment risk instruments to fund near term benefits payments. The target allocation for plan assets to implement this strategy is 40 percent equities in Japanese listed securities, 7 percent in equities outside of Japan, 3 percent in cash and other short-term investments and 50 percent in domestic Japanese bonds. This strategy has been achieved through a collective trust that held 100 percent of total funded assets as of December 30, 2017 and December 31, 2016. As of the end of December 30, 2017 and December 31, 2016, the allocation of funds within the common collective trust included: 36 percent and 40 percent in Japanese equities, 53 percent and 50 percent in Japanese bonds, and 4 percent and 3 percent in cash and other short term investments, respectively and 7 percent in equities of companies based outside of Japan in each year. The fair value of the collective trust is determined by the market value of the underlying shares, which are traded in active markets. | |
[5] | In both years, the investment strategy in the Philippines was to achieve an appropriate balance between risk and return, from a diversified portfolio of Philippine peso denominated bonds and equities. The target asset class allocations is 57 percent in equity securities, 38 percent fixed income securities and 5 percent in cash and deposits. The fixed income securities at year end included assets valued using a weighted average of completed deals on similarly termed government securities, as well as balances invested in short term deposit accounts. The equity index fund was valued at the closing price of the active market in which it was traded. | |
[6] | The investment strategy of the U.S. pension plan for each period presented was to achieve a return greater than or equal to the return that would have been earned by a portfolio invested approximately 60 percent in equity securities and 40 percent in fixed income securities. As of the years ended December 30, 2017 and December 31, 2016, the common trusts held 63 percent and 62 percent of its assets in equity securities and 37 percent and 38 percent in fixed income securities, respectively. The percentage of funds invested in equity securities at the end of 2017 and 2016, included: 10 percent in international stocks, 32 percent in large U.S. stocks in each year and 21 percent and 20 percent in small U.S. stocks, respectively. The common trusts are comprised of shares or units in commingled funds that are not publicly traded. The underlying assets in these funds (equity securities and fixed income securities) are valued using quoted market prices. | |