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TABLE OF CONTENTS
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
ANNUAL REPORT
PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
(Mark One) | |
ý | ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the fiscal year ended December 30, 2002, and the one-day period ended December 31, 2002 | |
OR | |
o | ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the transition period from to . |
Commission File Number 001-15577
- A.
- Full title of the plan and the address of the plan, if different from that of the issuer named below:
Qwest Savings & Investment Plan
- B.
- Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
Qwest Communications International Inc.
1801 California, Denver, Colorado 80202
303-992-1400
1
The Qwest Savings & Investment Plan (the "Plan") is subject to the Employee Retirement Income Security Act of 1974 ("ERISA"). Therefore, in lieu of the requirements of Items 1-3 of Form 11-K, the financial statements and schedules of the Plan as of December 31, 2002, December 30, 2002 and 2001, for the one-day period ended December 31, 2002 and the year ended December 30, 2002, which have been prepared in accordance with the financial reporting requirements of ERISA, are filed herewith.
2
The Employee Benefits Committee
Qwest Communications International Inc.:
We have audited the accompanying statements of net assets available for benefits of the Qwest Savings & Investment Plan (the Plan) as of December 31, 2002 and December 30, 2002, and the related statements of changes in net assets available for benefits for the one-day period ended December 31, 2002 and the year ended December 30, 2002. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audits. The December 30, 2001 financial statements of the Qwest Savings & Investment Plan were audited by other auditors who have ceased operations. Those auditors expressed an unqualified opinion on those statements dated June 26, 2002.
We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Qwest Savings & Investment Plan as of December 31, 2002 and December 30, 2002, and the changes in net assets available for benefits for the one-day period ended December 31, 2002 and the year ended December 30, 2002 in conformity with accounting principles generally accepted in the United States of America.
Our audits were performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedules Schedule H, Line 4i-schedule of assets (held at end of year) as of December 31, 2002 and December 30, 2002, Schedule H, Line 4j-schedule of reportable transactions for the year ended December 30, 2002 and Schedule G, Part III-schedule of nonexempt transactions for the year ended December 30, 2002 are presented for the purpose of additional analysis and are not a required part of the basic financial statements but are supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental schedules are the responsibility of the Plan's management and have been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole.
KPMG LLP |
Denver, Colorado
June 27, 2003
3
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
To the Employee Benefits Committee of
Qwest Communications International Inc.:
We have audited the accompanying statements of net assets available for benefits of the Qwest Savings & Investment Plan (the "Plan") (formerly known as the U S WEST Savings Plan/ESOP) as of December 30, 2001 and 2000, and the related statement of changes in net assets available for benefits for the year ended December 30, 2001. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 30, 2001 and 2000, and the changes in net assets available for benefits for the year ended December 30, 2001, in conformity with accounting principles generally accepted in the United States of America.
Our audits were performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedules of assets (held at end of year), assets (acquired and disposed of within the plan year), reportable transactions, and nonexempt transactions as of December 30, 2001 or for the year ended December 30, 2001 are presented for the purpose of additional analysis and are not a required part of the basic financial statements but are supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. These supplemental schedules are the responsibility of the Plan's management. The supplemental schedules have been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole.
ARTHUR ANDERSEN LLP |
Denver, Colorado,
June 26, 2002.
The report of Arthur Andersen LLP (Andersen) is a copy of a report previously issued by Andersen on June 26, 2002. The report has not been reissued by Andersen nor has Andersen consented to its inclusion in this Annual Report on Form 11-K. The Andersen report refers to the statement of net assets available for benefits as of December 30, 2000 and the statement of changes in net assets available for benefits for the year ended December 30, 2001 which are no longer included in the accompanying financial statements.
4
QWEST SAVINGS & INVESTMENT PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
(Thousands of Dollars)
| December 31, 2002 | December 30, 2002 | December 30, 2001 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||||
Investments (See Notes 2, 3, 4, 5 and 11): | |||||||||||
Qwest Communications International Inc. Common Stock (Note 11) | $ | 419,347 | $ | 426,266 | $ | 993,980 | |||||
AT&T Corporation Common Stock | 44,446 | 44,344 | 210,661 | ||||||||
U S Government obligations | 118,240 | 116,223 | 44,878 | ||||||||
Bank and insurance company contracts | 752,992 | 759,184 | 745,233 | ||||||||
Capital Guardian International Equity | 191,534 | 190,482 | 245,831 | ||||||||
Barclays Global Investors Equity Index Fund | 575,357 | 574,999 | 840,146 | ||||||||
Other marketable securities | 270,356 | 271,007 | 418,896 | ||||||||
Investment in Master Trust (Note 4) | 81,612 | 81,345 | 67,366 | ||||||||
Loans to plan participants | 85,400 | 86,837 | 109,903 | ||||||||
Temporary investments | 109,642 | 105,746 | 52,758 | ||||||||
Total Investments | 2,648,926 | 2,656,433 | 3,729,652 | ||||||||
Receivables: | |||||||||||
Employee and employer contributions, net of forfeitures | 4,336 | 4,336 | 2,575 | ||||||||
Fund and other transfers, net | 852 | 852 | 629 | ||||||||
Dividends and interest | 2,072 | 1,971 | 3,870 | ||||||||
Receivables for investments sold | 22,199 | 21,563 | 2,372 | ||||||||
Total Receivables | 29,459 | 28,722 | 9,446 | ||||||||
Total Assets | 2,678,385 | 2,685,155 | 3,739,098 | ||||||||
LIABILITIES | |||||||||||
Unclaimed distributions | — | — | (175 | ) | |||||||
Expenses payable | (2,240 | ) | (2,214 | ) | (3,508 | ) | |||||
Payables for securities purchased | (69,114 | ) | (68,584 | ) | (10,022 | ) | |||||
Other liabilities | (163 | ) | (163 | ) | — | ||||||
Total Liabilities | (71,517 | ) | (70,961 | ) | (13,705 | ) | |||||
Net Assets Available for Benefits | $ | 2,606,868 | $ | 2,614,194 | $ | 3,725,393 | |||||
See accompanying notes to financial statements.
5
QWEST SAVINGS & INVESTMENT PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
(Thousands of Dollars)
| One-Day Period Ended December 31, 2002 | Year Ended December 30, 2002 | ||||||
---|---|---|---|---|---|---|---|---|
ADDITIONS | ||||||||
Employee contributions | $ | 3,865 | $ | 191,808 | ||||
Employer contributions, net of forfeitures applied | 1,481 | 85,940 | ||||||
Rollovers | — | 25,424 | ||||||
Transfers, net and other | (3,508 | ) | 1,766 | |||||
Total additions | 1,838 | 304,938 | ||||||
INCOME (LOSS) | ||||||||
Interest and other dividends | 285 | 59,285 | ||||||
Net depreciation in fair value of investments (Notes 2 and 3) | (7,426 | ) | (908,870 | ) | ||||
Plan's share of the income, expenses, and net appreciation (depreciation) in fair value of investments of the Master Trust (Note 4) | 382 | (21,863 | ) | |||||
Total loss | (6,759 | ) | (871,448 | ) | ||||
Total additions and loss | (4,921 | ) | (566,510 | ) | ||||
DEDUCTIONS | ||||||||
Plan expenses | (26 | ) | (9,434 | ) | ||||
Participant distributions | (2,379 | ) | (535,255 | ) | ||||
Total deductions | (2,405 | ) | (544,689 | ) | ||||
Net Decrease | (7,326 | ) | (1,111,199 | ) | ||||
Net Assets Available for Benefits at beginning of period | 2,614,194 | 3,725,393 | ||||||
Net Assets Available for Benefits at end of period | $ | 2,606,868 | $ | 2,614,194 | ||||
See accompanying notes to financial statements.
6
Qwest Savings & Investment Plan
NOTES TO FINANCIAL STATEMENTS
(Amounts in Thousands of Dollars)
- 1.
- Plan Description:
The following is a brief description of the Qwest Savings & Investment Plan ("QSIP" or the "Plan") and provides general information only. Participants and all others should refer to the Plan Document for a more complete description of the Plan's provisions.
General
The Plan was established by U S WEST, Inc. ("U S WEST") and amended by Qwest Communications International Inc. ("Qwest" or the "Company") during 2001 to provide a convenient way for employees to save on a regular and long-term basis. The Plan is a defined contribution plan and covers substantially all of the employees of Qwest.
Qwest acquired U S WEST on June 30, 2000 (the "Merger"). The individuals who were employed by U S WEST at the time of the Merger became employees of Qwest by operation of law. The Qwest employees at the time of the Merger continued to participate in the employee benefit plans maintained by Qwest prior to the Merger and were not eligible employees of this plan prior to midnight December 30, 2001 (see Plan Merger below).
The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). Benefits under the Plan are not guaranteed by the Pension Benefit Guaranty Corporation.
Plan Amendments
Effective December 30, 2000, the Plan year was changed to the 12 consecutive month period commencing on December 31 and ending on the following December 30. The period commencing January 1, 2000 and ending December 30, 2000 was a short Plan year.
Effective January 1, 2003 the Plan Year was changed to a year commencing on January 1 and ending on December 31. As a result, the Plan has included a statement of net assets available for benefits as of December 31, 2002 and a statement of changes in net assets available for benefits for the one-day period ended December 31, 2002.
Effective January 1, 2001 the limit on management employee contributions was increased from a maximum of 16% to a maximum of 18% of eligible compensation. The limit on occupational (union or bargained for) employee contributions is 16% of eligible compensation.
Effective May 31, 2001, a Master Trust ("MT") was established to hold certain assets of the Plan and the Qwest Pension Plan as further described in Note 4.
Effective June 30, 2001, a number of new investment funds were established under the Plan, reflecting a revised set of investment opportunities available to Plan participants.
Effective November 19, 2001, the name of the U S WEST Savings Plan/ESOP was changed to the Qwest Savings & Investment Plan.
Effective December 31, 2001, the plan was modified for management employees to automatically enroll the employee into the plan on the first full pay period after the hire date.
Effective April 8, 2002 the Plan was amended to allow all participants the ability to transfer the value of the Qwest common stock, which was received as the Company match, to any fund available for investment within the Plan.
7
- •
- Interest Income Fund—This fund emphasizes relatively stable, predictable income by investing in high-quality investment contracts and other fixed income investments with a diversified group of insurance companies, banks and other financial institutions.
- •
- Bond Fund—This fund is designed to offer the investor long-term preservation of capital while providing greater current income and yield by investing in a broadly diversified portfolio of fixed-income instruments of varying maturities.
- •
- Conservative Asset Allocation Fund—This fund seeks to provide current income and short-term stability of capital by investing in a diverse mix of securities with a target mix of 40% in stocks and 60% in bonds.
- •
- Moderate Asset Allocation Fund—This fund provides an investor with a more balanced approach to income preservation and long-term growth potential by investing in a diverse mix of securities with a target mix of 60% in stocks and 40% in bonds.
- •
- Aggressive Asset Allocation Fund—This fund focuses on long-term growth of capital by investing in a diverse mix of securities with a target mix of 80% in stocks and 20% in bonds.
- •
- U. S. Stock Fund—This fund seeks to provide long-term growth by mirroring both the composition and performance of the Standard & Poor's 500 Index.
Effective August 7, 2002 no participant can direct any investment into Qwest shares until further notice from the Company.
Eligibility, Contributions, and Vesting
Effective January 1, 2001, management employees are eligible to enter the Plan immediately (on their hire date). Occupational employees are eligible to enter the plan after completion of three months of service with the Company. Effective January 1, 2001, occupational employees and management employees may designate up to 16% and 18% respectively, of their eligible compensation as contributions to the Plan. In general, the Company provides a matching contribution in Qwest common stock or cash. Participant contributions up to 3% of a management employee's eligible compensation receive a 100% Company match. Participant contributions up to 6% of an occupational employee's eligible compensation receive an 81% Company match. Any management and occupational employee contributions in excess of 3% and 6% respectively, of eligible compensation, do not receive a Company match. Management employees are eligible for the Company matching contribution immediately upon hire date. Generally, occupational employees are eligible for the Company matching contribution after completion of one year of service. Effective January 1, 2001, a management participant is 100% vested in Company contributions immediately upon entrance into the Plan. An occupational participant becomes 100% vested in Company contributions after completion of three years of service with the Company. Employee contributions may either be before-tax or after-tax, or a combination of both. Before-tax employee contributions in 2002 are limited to $11 as provided in Section 402(g) of the Internal Revenue Code.
Plan Merger
The Qwest Communications 401(k) Savings Plan ("Qwest Plan") and related net assets of $121,220 merged into the QSIP effective midnight December 30, 2001. All participants' account balances in the Qwest Plan transferred into the QSIP. Merrill Lynch Trust Company, FSB ("Merrill Lynch") ceased to be the trustee and recordkeeper for the Qwest Plan.
Investment Options
Participants are able to invest in the following investment options:
8
- •
- U.S. Small/Mid Cap Stock Fund—This fund seeks to provide long-term growth of capital by investing in smaller and mid-sized United States companies using multiple investment managers.
- •
- The International Stock Fund—This fund seeks to provide long-term growth of capital and income by investing primarily in the stocks of companies based outside the United States.
- •
- The Qwest Shares Fund—This fund seeks to provide investment returns linked to the long-term earnings growth of Qwest, which provides communications services to residential and business customers in its 14-state local service area as well as nationally and internationally. This is an undiversified stock investment and concentrating any undiversified investment should be considered a high-risk investment. Effective August 7, 2002 no participant can direct any investment into Qwest shares until further notice from the Company.
- •
- AT&T Shares Fund—This fund (closed to new participants) invests primarily in shares of AT&T Corp. ("AT&T") common stock and AT&T Wireless common stock plus any other stock that is issued by AT&T as a replacement for the stock held in this fund. During 2002, AT&T sold its Broadband subsidiary which resulted in the acquisition of Comcast Corp. common stock. This is an undiversified stock investment and concentrating any undiversified investment should be considered a high-risk investment.
- •
- Personal Choice Retirement Account ("PCRA")—This is a separate brokerage account made available through Charles Schwab & Company, Inc. and offers access to a wide range of investment opportunities including mutual funds and most common stocks listed on major United States exchanges.
The assets held under these investment options are summarized in Schedule I.
Loans
Pursuant to the Plan, loans are made available to participating employees based upon a participant's vested account balance up to a maximum of $50. Except under certain provisions, the loans provide for periodic repayments over a period not to exceed five years (fifteen years for residential loans) at an interest rate as determined by the Employee Benefits Committee of the Company. Participants may also make lump-sum repayments at any time after the six month period following the date of the issuance of the loan.
Trust and Recordkeeping Services
Bankers Trust Company, a subsidiary of Deutsche Bank ("Bankers Trust") is the Trustee and CitiStreet LLC ("CitiStreet") is the Recordkeeper for the Plan. Effective October 1, 2002, CitiStreet became the Recordkeeper after MetLife elected to exit the recordkeeping business for large plans.
Tax Status
The Internal Revenue Service has determined and informed the Company by a letter dated July 20, 2001 that the Plan is qualified and that the trust established under the Plan is tax-exempt under the appropriate sections of the Internal Revenue Code (the "Code").
Since July 20, 2001 the Plan has been amended. However the Plan Administrator believes that the Plan is currently designed and being operated in compliance with the applicable requirements of the Code, the Plan is qualified, and the related trust is tax-exempt as of December 31, 2002 and December 30, 2002 and 2001. On December 27, 2002 the Company on behalf of the Plan filed for a new tax determination letter.
9
Participant Accounts
Each participant's account is credited with the participant's contributions, the Company's matching contributions and investment gains and charged for losses and an allocable share of Plan expenses.
Annual additions are defined as participant's contributions and the Company's matching contributions. Total annual additions under the Plan and all other plans sponsored by the Company were limited to the lesser of 25% of eligible compensation, as defined, or thirty-five thousand dollars.
Payment of Benefits
Upon retirement, termination of employment or death, each participant or beneficiary is entitled to receive amounts in accordance with the terms of the Plan. Participants may also make in-service voluntary withdrawals and hardship withdrawals if certain criteria are met. Benefit payments may be in the form of a lump sum or other benefit distributions in accordance with the options that are available, as further discussed in the Plan document.
- 2.
- Summary of Significant Accounting Policies:
Investment Valuation and Income Recognition
The values of investments are determined as follows: Qwest common stock and other securities listed on recognized United States and international stock exchanges are valued on the basis of the last published sales price on December 31, 2002, December 30, 2002 and December 30, 2001 or, if no sales were made on that date, at the last published sales price on the immediately preceding day on which sales were made.
Over-the-counter securities and government obligations are valued based on the bid prices on December 31, 2002, December 30, 2002 and December 30, 2001, from published sources where available and, if not available, from other sources considered reliable.
The Plan has entered into eleven bank and insurance company contracts with nine banks and insurance companies which are included in the Interest Income Fund and are reported at contract value, calculated as principal plus reinvested interest, which approximates fair value. These contracts are fully-benefit responsive. A contract is fully-benefit responsive if the terms of the Plan allow for withdrawals from the investment contract at contract (book) value for payment of participant initiated transactions.
In accordance with the provisions of the American Institute of Certified Public Accountants' Statement of Position 94-4, "Reporting of Investment Contracts Held by Health and Welfare Benefit Plans and Defined Contribution Pension Plans," fully benefit responsive investment contracts are reported at contract value and fair value is disclosed. Interest rates on the contracts are either fixed rates for the term of the contract or are reset quarterly or monthly based on the terms of the contract. The fair values of the contracts are estimated to be $802,298 as of December 31, 2002 and $803,062 and $770,926 as of December 30, 2002 and 2001, respectively. This compares to contract values of $752,992 as of December 31, 2002 and $759,184 and $745,233 as of December 30, 2002 and 2001, respectively. Investment contracts with fully-benefit responsive wrappers are reported together since the value of the wrappers is immaterial to the respective investment contracts. A wrapper is a contract issued by a bank or insurance company and backed by a portfolio of high quality fixed income securities held in a trust. The contract requires the issuer to utilize book value accounting which absorbs market value fluctuations and provides participants with a stable return.
At December 31, 2002 and December 30, 2002 and 2001, the average crediting interest rates on these contracts were 5.38%, 5.42% and 5.97%, respectively. For the one-day period ended
10
December 31, 2002 and the year ended December 30, 2002, the average annual yield earned on these contracts was 5.38% and 5.74%, respectively.
Net realized and unrealized gains and losses are reflected in the Statement of Changes in Net Assets Available for Benefits as net depreciation in fair value of investments and are determined as the difference between fair value at the beginning of the year (or date purchased during the year) and selling price or year end fair value.
Dividend income is recorded on the ex-dividend date. Interest is accrued when earned. Purchases and sales of securities are recorded on a trade date basis.
Basis of Accounting
The accompanying financial statements have been prepared on an accrual basis of accounting.
Use of Estimates
The preparation of the Plan's financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires the Plan's management to make estimates and assumptions that affect the accompanying financial statements and disclosures. Actual results could differ from those estimates.
- 3.
- Investments:
The following presents investments that represent 5% or more of the Plan's net assets:
| December 31, 2002 | December 30, 2002 | December 30, 2001 | |||||||
---|---|---|---|---|---|---|---|---|---|---|
Barclays Global Investors Equity Index Fund 48,187, 48,198 and 54,273 shares, respectively | $ | 575,357 | $ | 574,999 | $ | 840,146 | ||||
Qwest Communications International Inc. 83,869, 83,582 and 69,802 shares, respectively | 419,347 | * | 426,266 | * | 993,980 | * | ||||
AT&T Corporation Common Stock 11,588 shares as of December 30, 2001 | — | ** | — | ** | 210,661 | |||||
Capital Guardian International Equity 26,939, 26,942 shares and 29,554 shares, respectively | 191,534 | 190,482 | 245,831 | |||||||
UBS Inc. Guaranteed Investment Contract | 152,930 | 152,906 | — | ** | ||||||
State Street Bank & Trust Guaranteed Investment Contract | 139,778 | 139,754 | — | ** |
- *
- Includes nonparticipant-directed assets (as shown below in Note 5)
- **
- Investment not in excess of 5% at respective date.
11
For the one-day period ended December 31, 2002 and the year ended December 30, 2002, the Plan's investments (including gains and losses on investments bought and sold, as well as held during the year) appreciated (depreciated) in value as follows:
| One-Day Period Ended December 31, 2002 | Year Ended December 30, 2002 | |||||
---|---|---|---|---|---|---|---|
Qwest Common Stock | $ | (8,384 | ) | $ | (554,495 | ) | |
Common Stock | (728 | ) | (119,054 | ) | |||
Commingled Funds | 1,592 | (228,546 | ) | ||||
Mutual Funds | 103 | (15,224 | ) | ||||
U.S. Government Securities | 72 | 7,491 | |||||
Other Securities | (81 | ) | 958 | ||||
$ | (7,426 | ) | $ | (908,870 | ) | ||
- 4.
- Master Trust Allocation:
The MT is a trust that was established effective May 31, 2001 by Qwest Asset Management Company as named fiduciary of the Plan and the Qwest Pension Plan. The Qwest Pension Plan became a participating plan in the MT as of May 31, 2001. The Plan became a participating plan in the MT effective July 1, 2001. The MT investment is included in the U.S. Small/Mid Cap Stock Fund investment option for participants. The MT was established for a variety of reasons including 1) the Plan wished to have a small-mid cap investment option, 2) there would be lower marginal investment management fees, and 3) there would be access to institutional investment products. The underlying investment by the QSIP in the MT is reflected in the QSIP Statement of Net Assets Available for Benefits as of December 31, 2002 and December 30, 2002 and 2001.
The Plan's interest in the assets of the MT is included in the accompanying statements of net assets available for benefits. A summary of the assets of the MT as of December 31, 2002 and 2001 and December 30, 2002 is as follows:
| December 31, 2002 | December 30, 2002 | December 31, 2001 | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Investments, at fair market value: | ||||||||||||
Common collective trusts | $ | 120,745 | $ | 117,383 | $ | 158,621 | ||||||
Corporate stock | 116,701 | 118,240 | 146,500 | |||||||||
Total investments | 237,446 | 235,623 | 305,121 | |||||||||
Interest and dividends receivable | 153 | 158 | 109 | |||||||||
Net pending security trades receivable (payable) | (296 | ) | 12 | 190 | ||||||||
Administrative expenses payable | (532 | ) | (529 | ) | (442 | ) | ||||||
Net assets of the Master Trust | $ | 236,771 | $ | 235,264 | $ | 304,978 | ||||||
The allocation of net assets of the MT to participating plans as of December 31, 2002 and 2001 and December 30, 2002 is as follows:
| December 31, 2002 | December 30, 2002 | December 31, 2001 | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
QSIP Plan | $ | 81,728 | 34.52 | % | $ | 80,935 | 34.40 | % | $ | 67,177 | 22.03 | % | |||||
Qwest Pension Plan | 155,043 | 65.48 | 154,329 | 65.60 | 237,801 | 77.97 | |||||||||||
Total | $ | 236,771 | 100.00 | % | $ | 235,264 | 100.00 | % | $ | 304,978 | 100.00 | % | |||||
12
The investment in MT included in the accompanying statements of net assets available for benefits excludes the impact of receivables for investments sold and payables for securities purchased at each respective date.
The MT's net investment results and administrative expenses are allocated to the participating plans. The amounts allocable for the one-day period ended December 31, 2002 and the year ended December 30, 2002 are as follows:
| One-Day Period Ended December 31, 2002 | Year Ended December 30, 2002 | |||||||
---|---|---|---|---|---|---|---|---|---|
Investment income (loss): | |||||||||
Net appreciation (depreciation) | |||||||||
in fair value of Investments | $ | 955 | $ | (70,259 | ) | ||||
Interest and dividends | 4 | 1,413 | |||||||
Net investment gain (loss) | 959 | (68,846 | ) | ||||||
Administrative expenses | (4 | ) | (1,267 | ) | |||||
Net amounts allocable | $ | 955 | $ | (70,113 | ) | ||||
The Plan's share of the MT's net investment results and administrative expenses were $382 for the one-day period ended December 31, 2002 and $(21,863) for the year ended December 30, 2002.
The net appreciation (depreciation) in the fair value of investments in the MT by major investment category for the one-day period ended December 31, 2002 and the year ended December 30, 2002 is as follows:
| One-Day Period Ended December 31, 2002 | Year Ended December 30, 2002 | ||||||
---|---|---|---|---|---|---|---|---|
Common collective trusts | $ | 7,048 | $ | (46,773 | ) | |||
Corporate stock | (6,093 | ) | (23,486 | ) | ||||
Net appreciation (depreciation) | $ | 955 | $ | (70,259 | ) | |||
- 5.
- Nonparticipant-Directed Investments:
Nonparticipant-directed investments consist of the Company match in the form of Qwest common stock and other related assets. The Qwest Shares Fund consists of both participant and non-participant directed assets. A distinction between participant and non-participant directed assets is not maintained, therefore the presentation below has been reported as non-participant directed.
The amounts below do not include Qwest common stock held in the PCRA account or held by other commingled funds. Information about the net assets and significant components of the changes in net assets relating to the nonparticipant-directed investments is as follows. Company common stock and other related assets held at December 31, 2002 and December 30, 2002 and 2001 were $427,738, $434,945 and $975,657, respectively.
13
The change in nonparticipant-directed investments is as follows:
| One-Day Period Ended December 31, 2002 | Year Ended December 30, 2002 | |||||
---|---|---|---|---|---|---|---|
Contributions | $ | 1,480 | $ | 110,271 | |||
Earnings | — | 101 | |||||
Net Realized and Unrealized Losses | (8,384 | ) | (554,495 | ) | |||
Transfers | (85 | ) | (31,719 | ) | |||
Distributions and Expenses | (218 | ) | (64,870 | ) | |||
Total Change in Net Assets | (7,207 | ) | (540,712 | ) | |||
Value at Beginning of the Period | 434,945 | 975,657 | |||||
Value at End of the Period | $ | 427,738 | $ | 434,945 | |||
The net assets available for benefits for nonparticipant-directed investments are as follows:
| December 31, 2002 | December 30, 2002 | December 30, 2001 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Temporary Investments | $ | 4,205 | $ | 4,496 | $ | 8,282 | |||||
Qwest Common Stock | 419,194 | 426,110 | 965,256 | ||||||||
Contributions Receivable | 4,336 | 4,336 | 2,479 | ||||||||
Accrued Income | 3 | 3 | 16 | ||||||||
Total Assets | 427,738 | 434,945 | 976,033 | ||||||||
Accrued Plan Expenses | (— | ) | (— | ) | (376 | ) | |||||
Net Assets | $ | 427,738 | $ | 434,945 | $ | 975,657 | |||||
- 6.
- Forfeitures:
When certain terminations of participation occur, the non-vested portion of a participant's account represents a forfeiture. Forfeitures are used to reduce future employer contributions or to pay administrative expenses of the Plan. For the one-day period ended December 31, 2002 and the year ended December 30, 2002, forfeitures of $0 and $136, respectively, were used to reduce employer contributions.
Contributions receivable at December 30, 2002 and 2001, and Company contributions for the year ended December 30, 2002 are shown net of forfeitures applied. Unapplied forfeitures were $104 as of December 31, 2002 and $104 and $76 as of December 30, 2002 and 2001, respectively.
- 7.
- Plan Termination:
In the event that the Plan is terminated, subject to conditions set forth by ERISA, the Plan provides that the net assets be distributed to participating employees in an amount equal to their respective interests in such assets.
- 8.
- Reconciliation of Financial Statements to Form 5500:
For Form 5500 purposes, amounts allocated to withdrawing participants are recorded for benefit claims that have been processed and approved for payment prior to the respective period end, but not yet paid as of that date. However, in accordance with GAAP, benefit withdrawals are recorded when paid.
14
The following is a reconciliation of net assets available for benefits and benefits paid to participants per the financial statements to Form 5500:
| December 31, 2002 | December 30, 2002 | December 30, 2001 | |||||||
---|---|---|---|---|---|---|---|---|---|---|
Net assets available for benefits per the financial statements | $ | 2,606,868 | $ | 2,614,194 | $ | 3,725,393 | ||||
Less amounts allocated to withdrawing participants | (632 | ) | (1,227 | ) | (7,704 | ) | ||||
Net assets available for benefits per Form 5500 (unaudited) | $ | 2,606,236 | $ | 2,612,967 | $ | 3,717,689 | ||||
| One-Day Period Ended December 31, 2002 | Year Ended December 30, 2002 | |||||
---|---|---|---|---|---|---|---|
Benefits and distributions paid to participants per the financial statements | $ | 2,379 | $ | 535,255 | |||
Add amounts payable at end of period | 632 | 1,227 | |||||
Less amounts payable at beginning of period | (1,227 | ) | (7,704 | ) | |||
Participant distributions paid per Form 5500 (unaudited) | $ | 1,784 | $ | 528,778 | |||
- 9.
- Plan Expenses:
Plan expenses are paid from the Plan, except certain expenses incurred by Qwest related to Plan administration.
- 10.
- Related-Party Transactions:
Certain Plan assets are short-term investment funds managed by Bankers Trust. From the date of divestiture from AT&T, through June 2003, Bankers Trust was the Trustee as defined by the Plan and, therefore, these transactions qualify as party-in-interest (see Note 13). The Plan invests in certain common collective trusts managed by the Plan's various investment managers; therefore, these transactions qualify as party-in-interest. In addition, the Plan has significant investments in Qwest common stock which qualify as party-in-interest transactions.
- 11.
- Concentrations, Risks and Uncertainties:
As disclosed above, the Plan has a significant concentration of investments in Qwest common stock. As a result of such concentration, the decrease in the value of the Qwest common stock for the one-day period ended December 31, 2002 was $8,384 and was $554,495 for the year ended December 30, 2002.
The Plan provides for various investment options. Investment securities, in general, are exposed to various risks, such as significant world events, interest rate, credit, foreign currency, and overall market volatility risk. Due to the level of risk associated with certain investment securities, other than Qwest common stock which is discussed above, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the statements of net assets available for benefits.
The Plan invests in certain commingled funds. These funds may invest in derivative instruments. These instruments consist mainly of foreign currency forwards, futures contracts and options. These instruments are used mainly for hedging purposes. Credit risk exists with respect to these instruments.
15
Legal Matters
Since March 2002, seven putative class action suits were filed in federal district court in Colorado purportedly on behalf of all participants and beneficiaries of the Plan and predecessor plans (the "Plan") from March 7, 1999 until the present. By court order, the first five of these putative class actions have been consolidated with each other. The consolidated amended complaint filed on July 5, 2002 (the "consolidated ERISA action") names as defendants the Plan, the Plan's Investment Committee, the Plan Administrative Committee of the pre-Merger Qwest Communications 401(k) Savings Plan, Qwest, several former and current directors, officers and employees of Qwest and Qwest Asset Management. Plaintiffs filed a Second Amended and Consolidated Complaint on May 21, 2003, naming as defendants another Qwest employee and Qwest's Plan Design Committee.
The consolidated ERISA action, which is brought under ERISA, alleges, among other things, that the defendants breached fiduciary duties to the Plan members by allegedly excessively concentrating the Plan's assets invested in Qwest stock, requiring certain participants in the Plan to hold the Company match in the Qwest Shares Fund, failing to disclose to the participants the alleged accounting improprieties that are the subject of a consolidated securities action to which Qwest is a party, failing to investigate the prudency of investing in Qwest stock, continuing to offer Qwest stock as an investment option under the Plan, failing to investigate the effect of the June 30, 2000 merger of U S WEST and Qwest (the "Merger") on Plan assets and then failing to vote the Plan's shares against it and, as against some of the individual defendants, capitalizing on their private knowledge of Qwest's financial condition to reap profits in stock sales. Plaintiffs seek equitable and declaratory relief, along with attorneys' fees and costs and restitution. The sixth putative class action on behalf of Plan participants and beneficiaries was filed in federal district court in Colorado on November 7, 2002, asserting substantially the same ERISA violations as the consolidated ERISA action. Qwest is also a defendant in this action. The seventh putative class action was filed in federal district court in Colorado on November 7, 2002, asserting substantially the same ERISA violations as the consolidated ERISA action. Pursuant to an order concerning consolidation of subsequent suits involving the Plan, the Company expects the sixth and seventh suits to be consolidated with the consolidated ERISA action. A motion to consolidate these suits with the consolidated ERISA action remains pending. Plaintiffs moved for class certification on January 15, 2003, and the Company has opposed that motion, which is pending before the court. Defendants filed motions to dismiss the consolidated ERISA action on August 22, 2002. Procedurally, those motions also apply to the sixth and seventh complaints which have not yet been consolidated. Those motions have been briefed and are currently pending before the court.
Qwest is also involved in various other legal matters that are more fully disclosed in recent publicly available filings, including a consolidated securities action alleging violation of federal securities laws. Although the Company believes it and the Plan have meritorious defenses, the consolidated ERISA action, the consolidated securities action and other legal matters relating to Qwest present significant risk to the Company and the Plan assets. The Company is, however, unable at this time to estimate reasonably a range of loss Qwest and the Plan would incur if plaintiffs in one or more of these lawsuits were to prevail under one or more of their claims. Qwest intends to defend vigorously these matters. However, their ultimate resolution is uncertain. Thus, no assurance can be given as to the impacts the defense and resolution of these matters may have on Qwest's or the Plan's financial results or financial condition. The ultimate resolution of these matters could have a material adverse impact on Qwest's and the Plan's financial results.
DOL Examination
In April 2002, the U.S. Department of Labor commenced an examination of the Plan. It is currently not possible to predict the outcome of this examination or the impact on the Plan's net assets or changes in net assets, if any.
16
IRS Examination
In November 2002, the Internal Revenue Service commenced an examination of the Plan. It is currently not possible to predict the outcome of this examination or the impact on the Plan's net assets or changes in net assets, if any.
- 12.
- Nonexempt Transactions:
The Company failed to remit certain employee deferral contributions withheld from participants' wages to the QSIP during certain pay periods in 2002 (see Schedule IV).
- 13.
- Subsequent Events:
Change in Trustee
Bankers Trust, the current trustee for the Plan, was purchased by State Street Bank and Trust Company ("State Street") on January 31, 2003. Qwest has selected State Street as the new trustee for the QSIP. The transition of assets from Deutsche Bank to State Street will occur effective July 1, 2003 or as soon thereafter as practical.
Plan Amendments
The Plan was amended effective May 1, 2003 to include certain temporary employees as covered employees.
The Plan was amended effective June 1, 2003 to mandate distributions in a single lump sum to any participant who has terminated employment and whose vested account equals five thousand dollars or less at the time of the distribution.
Investment Advice
Effective June 16, 2003 participants were provided access to investment advice on Plan assets through CitiStreet Advisors LLC.
Closure of AT&T fund
Effective June 27, 2003 the Plan closed the AT&T share fund option. Prior to June 27, 2003 participants could move their AT&T assets to any other QSIP fund option or for those participants with a balance equal to or greater than $100 in the AT&T fund, they could convert their interest into shares and move those shares into a PCRA account. If the participant had less than a $100 interest in the AT&T fund or chose to do nothing, their interest was liquidated and transferred into the Moderate Asset Allocation fund at the close of business on June 27, 2003.
17
Qwest Savings & Investment Plan
Schedule H, Line 4i—Schedule of Assets (Held at End of Year)
As of December 31, 2002
Schedule l
Name of Issue, Borrower, Lessor or Similar Party | Description of Investment | Shares or Units | Current Value | ||||
---|---|---|---|---|---|---|---|
AT&T CORP CLA A COMMON STOCK | Common Stock | 1,702,267 | $ | 44,446,191 | |||
AT&T WIRELESS SVCS INC COMMON STOCK | Common Stock | 3,951,260 | 22,324,619 | ||||
COMCAST CORP CLASS A CM | Common Stock | 2,797,468 | 65,936,321 | ||||
*QWEST COMMUNICATIONS INTL INC COM | Common Stock (cost of $1,993,299,255) | 83,838,786 | 419,193,930 | ||||
AIG SUNAMERICA GLOBAL FIN IX SERIES 144A | Corporate Debt Obligation | 1,420,000 | 1,651,801 | ||||
ALBERTSONS INC SR DEB 07/27/1999 7.450% 08/01/2029 | Corporate Debt Obligation | 395,000 | 436,250 | ||||
ALLIANT ENERGY RESOURCES 9.750% DTD 12/26/2002 MAT 01/15/2013 | Corporate Debt Obligation | 160,000 | 158,765 | ||||
ALLSTATE CORP DEB DTD 05/26/1998 6.900% | Corporate Debt Obligation | 750,000 | 831,818 | ||||
AMERADA HESS CORP 7.300% DTD 15AUG2001 DUE 15AUG2031 | Corporate Debt Obligation | 115,000 | 124,968 | ||||
AMERICAN HOME PROD 6.250% DTD 30MAR2001 DUE 15MAR2006 | Corporate Debt Obligation | 175,000 | 190,127 | ||||
AOL TIME WARNER INC 6.875% DTD 08APR2002 DUE 01MAY2012 | Corporate Debt Obligation | 70,000 | 73,927 | ||||
AOL TIME WARNER INC 7.625% DTD 19APR2001 15APR2031 | Corporate Debt Obligation | 30,000 | 30,833 | ||||
AOL TIME WARNER INC 7.700% DTD 08APR2002 DUE 01MAY2032 | Corporate Debt Obligation | 625,000 | 650,456 | ||||
ARCHER-DANIELS-MIDLAND CO 5.875% DTD 01OCT2002 DUE 01OCT2032 | Corporate Debt Obligation | 100,000 | 99,780 | ||||
AT& T WIRELESS SERVICES GROUP 8.75% NTS DTD 03/01/2001 MAT 03/01/2031 | Corporate Debt Obligation | 205,000 | 200,900 | ||||
AT&T BROADBAND CORP 8.375% DTD 18NOV2002 DUE 15MAR2013 | Corporate Debt Obligation | 275,000 | 312,378 | ||||
AT&T CORPORATION 6.500% DTD 31OCT2002 DUE 15MAR2013 | Corporate Debt Obligation | 140,000 | 140,438 | ||||
AT&T CORPORATION SR NTS | Corporate Debt Obligation | 45,000 | 49,600 | ||||
AT&T WIRELESS GROUP 7.875% DTD 01SEP2001 DUE 01MAR2011 | Corporate Debt Obligation | 40,000 | 40,200 | ||||
AVALONBAY CMNTYS INC MEDIUM TERM NTS TRANCHE # TR 00002 | Corporate Debt Obligation | 355,000 | 396,872 | ||||
BANK OF AMERICA CORP 4.875% DTD 25SEP2002 DUE 15SEP2012 | Corporate Debt Obligation | 165,000 | 166,780 | ||||
BANK OF AMERICA CORP 7.80% DTD 14FEB2000 DUE 15FEB2010 | Corporate Debt Obligation | 125,000 | 148,689 | ||||
BAYERISCHE LANDESBANK GIRO 4.125% DTD 14JAN2002 DUE 14JAN2005 | Corporate Debt Obligation | 490,000 | 510,467 | ||||
BOEING CO 7.950% 08/15/2024 | Corporate Debt Obligation | 365,000 | 436,120 | ||||
BRE PROPERTIES INC 5.950% DTD 12MAR2002 DUE 15MAR2007 | Corporate Debt Obligation | 130,000 | 136,984 | ||||
BURLINGTON NORTHERN SANTA FE 6.750% DTD 15MAY2001 DUE 15JUL2011 | Corporate Debt Obligation | 145,000 | 164,590 | ||||
CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV PG&E SER 1997-1 CTF CL A7 | Corporate Debt Obligation | 145,000 | 157,841 | ||||
CALIFORNIA INFRASTRUCTURE 7 ECONOMI SERIES 1997-1 CLASS A6 | Corporate Debt Obligation | 165,000 | 180,201 | ||||
CAPITAL AUTO RECEIVABLE ASSET TRUST SERIES 2002-3 CL A2A | Corporate Debt Obligation | 580,000 | 591,519 | ||||
CAPITAL AUTO RECV ABN SERIES 2002-2 CL A3 | Corporate Debt Obligation | 285,000 | 292,270 | ||||
CHARTER ONE BK F S B 6.375% DTD 20MAY2002 DUE 15MAY2012 | Corporate Debt Obligation | 120,000 | 132,570 | ||||
CINGULAR WIRELESS LLC 6.500% DTD 15JUN2002 DUE 15DEC2011 | Corporate Debt Obligation | 750,000 | 808,973 | ||||
CIT GROUP INC 5.500% DTD 12/02/2002 MAT 11/30/2007 | Corporate Debt Obligation | 85,000 | 86,902 | ||||
CITICORP 6.750% 08/15/2005 | Corporate Debt Obligation | 1,325,000 | 1,469,332 | ||||
CITIGROUP INC 5.625% DTD 26AUG2002 DUE 27AUG2012 | Corporate Debt Obligation | 85,000 | 89,376 | ||||
CITIGROUP INC 6.750% DTD 06DEC2000 DUE 01DEC2005 | Corporate Debt Obligation | 165,000 | 183,475 | ||||
CITIGROUP INC SUB NOTES | Corporate Debt Obligation | 260,000 | 301,826 | ||||
18
CITIZENS COMMUNICATIONS CO 9.000% DTD 02/15/2002 DUE 15AUG2031 | Corporate Debt Obligation | 35,000 | 40,966 | ||||
COCA COLA CO 5.75% DTD 30APR1999 DUE 30APR2009 | Corporate Debt Obligation | 360,000 | 394,596 | ||||
COMCAST CABLE COMMUNICAT 6.750% DTD 16JAN2001 DUE 30JAN2011 | Corporate Debt Obligation | 815,000 | 847,991 | ||||
COMED FUNDING LLC SERIES 1998 SERIES A-5 | Corporate Debt Obligation | 345,000 | 362,536 | ||||
COMED TRANSITIONAL FUNDING TRUST SERIES 1998-1 CLASS A-6 | Corporate Debt Obligation | 1,135,000 | 1,238,637 | ||||
CONAGRA FOODS INC 6.750% DTD 10SEP2001 DUE 15SEP2011 | Corporate Debt Obligation | 140,000 | 159,202 | ||||
CONOCO FUNDING INC 5.450% DTD 11OCT2001 DUE 15OCT2006 | Corporate Debt Obligation | 315,000 | 340,002 | ||||
CONOCO INC NT DTD 04/20/1999 6.350% 04/15/2009 | Corporate Debt Obligation | 105,000 | 117,942 | ||||
CONOCOPHILLIPS SERIES 144A | Corporate Debt Obligation | 60,000 | 60,322 | ||||
CONOCOPHILLIPS SERIES 144A | Corporate Debt Obligation | 85,000 | 84,517 | ||||
CONSTELLATION ENERGY CORP 7.600% DTD 26MAR2002 DUE 01APR2032 | Corporate Debt Obligation | 95,000 | 97,100 | ||||
CORPORATE PPTY INVS 7.180% DTD 02SEP1993 DUE 01SEP2013 | Corporate Debt Obligation | 265,000 | 292,096 | ||||
CORPORATE PROPERTY INVS NT 144A 7.875% 03/15/2016 | Corporate Debt Obligation | 165,000 | 189,240 | ||||
COX COMMUNICATIONS INC 6.750% DTD 09MAR2001 DUE 15MAR2011 | Corporate Debt Obligation | 45,000 | 48,419 | ||||
DAIMLER CHRYSLER AUTO TRUST SERIES 2002-C CL A3 | Corporate Debt Obligation | 180,000 | 182,043 | ||||
DEVON FING CORP U L C 7.875% DTD 03OCT2001 DUE 30SEP2031 | Corporate Debt Obligation | 200,000 | 235,544 | ||||
DOW CHEM CO DTD 11/01/1999 7.375% 11/01/2029 | Corporate Debt Obligation | 220,000 | 238,060 | ||||
DOW CHEM 5.750% DTD 13NOV2001 DUE 15DEC2008 | Corporate Debt Obligation | 750,000 | 782,618 | ||||
DOW CHEMICAL 6.000% DTD 29AUG2002 DUE 01OCT2012 | Corporate Debt Obligation | 170,000 | 173,740 | ||||
DUKE CAP CORP 6.250% DTD 15FEB2002 DUE 15FEB2013 | Corporate Debt Obligation | 40,000 | 35,631 | ||||
DUKE ENERGY FIELD SERVICES 7.875% DTD 16AUG2000 DUE 16AUG2010 | Corporate Debt Obligation | 160,000 | 169,331 | ||||
EOP OPERATING LP 6.750% DTD 02/15/2002 MAT 02/15/2012 | Corporate Debt Obligation | 155,000 | 166,555 | ||||
ERP OPER LTD PARTNERSHIP NT PUTABLE/CALLABLE | Corporate Debt Obligation | 515,000 | 547,625 | ||||
FINANCEMENT QUEBEC 5.000% DTD 25OCT2002 DUE 25OCT2012 | Corporate Debt Obligation | 335,000 | 342,906 | ||||
FIRST CHICAGO CORP SUB NT DTD 01/26/1994 | Corporate Debt Obligation | 75,000 | 83,660 | ||||
FMR CORP DEB 144A | Corporate Debt Obligation | 365,000 | 438,821 | ||||
FMR CORP NT 144A | Corporate Debt Obligation | 10,000 | 11,509 | ||||
FORD CREDIT AUTO OWNER TRUST SERIES 2002-A CL A3A | Corporate Debt Obligation | 175,000 | 178,472 | ||||
FORD MOTOR CR CO 10/28/1999 7.375% 10/28/2009 | Corporate Debt Obligation | 295,000 | 292,304 | ||||
FORD MOTOR CRED 7.750% DTD 15FEB2000 DUE 15FEB2007 | Corporate Debt Obligation | 750,000 | 769,665 | ||||
FORD MTR CO DEL DEB DTD 09/30/1998 6.625% 10/01/2008 | Corporate Debt Obligation | 140,000 | 111,626 | ||||
FORD MTR CO DEL GLOBAL LANDMARK SECS-GLOBLS | Corporate Debt Obligation | 150,000 | 130,481 | ||||
FORD MTR CR CO NT | Corporate Debt Obligation | 75,000 | 69,562 | ||||
FOSTERS BREWING GROUP LTD 6.875% DTD 15JUN2001 DUE 15JUN2011 | Corporate Debt Obligation | 675,000 | 768,238 | ||||
GENERAL ELEC CAP CORP MED TERM NTS TRANCHE # TR 00443 | Corporate Debt Obligation | 750,000 | 871,148 | ||||
GENERAL ELEC CAP CORP MEDIUM TERM NTS | Corporate Debt Obligation | 525,000 | 580,435 | ||||
GENERAL ELECTRIC CAP CORP 5.450% DTD 06DEC2002 DUE 15JAN2013 | Corporate Debt Obligation | 450,000 | 467,433 | ||||
GENERAL MLS INC 3.875% DTD 20NOV2002 DUE 30NOV2007 | Corporate Debt Obligation | 315,000 | 318,141 | ||||
GENERAL MOTORS ACCEPT CORP 7.750% DTD 19JAN2000 DUE 19JAN2010 | Corporate Debt Obligation | 750,000 | 785,168 | ||||
GENERAL MOTORS ACCEPT CORP 8.00% DTD 02NOV01 DUE 01NOV2031 | Corporate Debt Obligation | 400,000 | 402,176 | ||||
GENERAL MOTORS ACCEPTANCE CORP 6.875% DTD 29AUG2002 DUE 28AUG2012 | Corporate Debt Obligation | 395,000 | 389,371 | ||||
GENERAL MOTORS 7.200% DTD 11JAN2001 DUE 15JAN2011 | Corporate Debt Obligation | 105,000 | 105,440 | ||||
GOLDMAN SACHS GROUP INC 5.700% DTD 27AUG2002 DUE 01SEP2012 | Corporate Debt Obligation | 215,000 | 223,609 | ||||
GOODRICH(B.F.)CO 7.625% DTD 10DEC2002 DUE 15DEC2012 | Corporate Debt Obligation | 170,000 | 175,537 | ||||
GREENWICH CAP CMBS 2002-C1 TRANCHE A-3 | Corporate Debt Obligation | 830,000 | 833,502 | ||||
GTE CORP DEB 6.940% 04/15/2028 | Corporate Debt Obligation | 55,000 | 57,709 | ||||
19
HARMAN INTERNATIONAL INDUSTRIES,INC 7.125% DTD 19FEB2002 DUE 15FEB2007 | Corporate Debt Obligation | 65,000 | 68,491 | ||||
HEINZ(H.J.)CO SERIES 144A | Corporate Debt Obligation | 165,000 | 186,726 | ||||
HJ HEINZ FINANCE CO SERIES 144A | Corporate Debt Obligation | 135,000 | 146,602 | ||||
HONDA AUTO RECEIVABLES OWNER TRST 3.50% DTD 29JAN2002 DUE 15OCT2005 | Corporate Debt Obligation | 180,000 | 183,350 | ||||
HOUSEHOLD FIN CORP 6.750% DTD 09MAY2001 DUE 15MAY2011 | Corporate Debt Obligation | 215,000 | 229,231 | ||||
HOUSEHOLD FIN CORP NT 6.400% 06/17/2008 | Corporate Debt Obligation | 150,000 | 159,951 | ||||
HOUSEHOLD FINANCE 6.500% DTD 24JAN2001 DUE 24JAN2006 | Corporate Debt Obligation | 165,000 | 175,712 | ||||
HRPT PPTYS TR 6.500% DTD 06DEC2002 DUE 15JAN2013 | Corporate Debt Obligation | 105,000 | 107,084 | ||||
HYATT EQUITIES LLC SERIES 144A | Corporate Debt Obligation | 85,000 | 84,659 | ||||
J P MORGAN CHASE & CO 6.750% DTD 30JAN2001 DUE 01FEB2011 | Corporate Debt Obligation | 85,000 | 92,414 | ||||
JP MORGAN CHASE COMMERCIAL MORTGAGE SERIES 2002-C1 CLASS A2 | Corporate Debt Obligation | 700,000 | 731,346 | ||||
JP MORGAN CHASE 5.350% DTD 06MAR2002 DUE 01MAR2007 | Corporate Debt Obligation | 50,000 | 52,890 | ||||
KERR MCGEE CORP 5.375% DTD 12APR2002 DUE 15APR2005 | Corporate Debt Obligation | 770,000 | 811,903 | ||||
KINDER MORGAN SERIES 144A | Corporate Debt Obligation | 125,000 | 130,634 | ||||
KRAFT FOODS INC 5.625% DTD 11/02/2001 MAT 11/01/2011 | Corporate Debt Obligation | 85,000 | 90,870 | ||||
KROGER CO SR NT SER B | Corporate Debt Obligation | 90,000 | 102,911 | ||||
LASMO USA INC GTD NT 7.500% 06/30/2006 | Corporate Debt Obligation | 1,350,000 | 1,533,506 | ||||
LOCKHEED MARTIN CORP NT DTD 05/01/1996 7.75% 05/01/2026 | Corporate Debt Obligation | 260,000 | 315,944 | ||||
MARATHON OIL CORP 6.000% DTD 21JUN2002 DUE 01JUL2012 | Corporate Debt Obligation | 750,000 | 791,025 | ||||
MERRILL LYNCH & CO,INC 4.000% DTD 15NOV2002 DUE 15NOV2007 | Corporate Debt Obligation | 350,000 | 353,570 | ||||
MMCA AUTO OWNER TR 2002-3 ASSET BKD NT CL A-3 | Corporate Debt Obligation | 385,000 | 390,763 | ||||
MORGAN J P & CO MEDIUM TERM NTS TRANCHE #SB 00022 | Corporate Debt Obligation | 60,000 | 63,029 | ||||
NORFOLK SOUTHN CORP NT DTD 04/26/1999 6.200% 04/15/2009 | Corporate Debt Obligation | 235,000 | 259,670 | ||||
PECO ENERGY TRANSITION TRUST 1999-A SERIES A-4 | Corporate Debt Obligation | 245,000 | 260,151 | ||||
PHILLIPS PETROLEUM 8.500% DTD 25MAY2000 DUE 25MAY2005 | Corporate Debt Obligation | 1,500,000 | 1,705,680 | ||||
PROCTER & GAMBLE CO DEB 8.000% 09/01/2024 | Corporate Debt Obligation | 540,000 | 701,536 | ||||
PROCTER & GAMBLE PROFIT SHARING TR GTD ESOP DEB SER A | Corporate Debt Obligation | 105,000 | 144,362 | ||||
PRUDENTIAL INS CO AMER 8.300% 07/01/2025 | Corporate Debt Obligation | 150,000 | 167,558 | ||||
PS&G TRANSITION FINDING LLC SERIES 2001-1 CL A7 | Corporate Debt Obligation | 275,000 | 314,839 | ||||
PSEG POWER LLC 8.625% DTD 10/15/2001 DUE 15APR2031 | Corporate Debt Obligation | 35,000 | 37,687 | ||||
PULTE CORP 7.300% 10/24/2005 | Corporate Debt Obligation | 110,000 | 117,593 | ||||
RAYTHEON CO DTD 11/04/1998 6.150% 11/01/2008 | Corporate Debt Obligation | 75,000 | 80,912 | ||||
RUSSELL FRANK CO GTD NT 144A | Corporate Debt Obligation | 1,000,000 | 1,090,380 | ||||
SAFEWAY INC 3.800% DTD 12AUG2002 DUE 15AUG2005 | Corporate Debt Obligation | 100,000 | 101,362 | ||||
SAFEWAY INC 6.150% DTD 05MAR2001 01MAR2006 | Corporate Debt Obligation | 750,000 | 812,280 | ||||
SEARS ROEBUCK ACCEP CORP MTNBE 6.700% DTD 25MAR2002 DUE 15APR2012 | Corporate Debt Obligation | 15,000 | 14,238 | ||||
SPIEKER PPTYS L P NT DTD 05/11/1999 7.250% 05/01/2009 | Corporate Debt Obligation | 275,000 | 298,947 | ||||
SPRINT CAP CORP DTD 11/16/1998 6.875% 11/15/2028 | Corporate Debt Obligation | 45,000 | 36,225 | ||||
SPRINT CAP CORP DTD 11/16/1998 6.875% 11/15/2028 | Corporate Debt Obligation | 350,000 | 281,750 | ||||
SPRINT CAP CORP NT DTD 05/06/1999 6.900% 05/01/2019 | Corporate Debt Obligation | 110,000 | 90,200 | ||||
SPRINT CAPITAL CORP. 6.000% DTD 15JAN2002 DUE 15JAN2007 | Corporate Debt Obligation | 45,000 | 42,525 | ||||
TARGET CORP 7.500% DTD 10AUG2000 DUE 15AUG2010 | Corporate Debt Obligation | 100,000 | 118,709 | ||||
TECO ENERGY INC 7.200% DTD 01MAY2001 DUE 01MAY2011 | Corporate Debt Obligation | 295,000 | 252,225 | ||||
TIAA GLOBAL MARKETS 4.125% DTD 31OCT2002 DUE 15NOV2007 | Corporate Debt Obligation | 250,000 | 258,595 | ||||
TYSON FOODS,INC(DEL.) 8.250% DTD 01APR2002 DUE 01OCT2011 | Corporate Debt Obligation | 40,000 | 47,292 | ||||
U S AIR INC ENHANCED EQUIPMENT NT CL | Corporate Debt Obligation | 639,216 | 543,646 | ||||
20
VALERO ENERGY CORP 7.500% DTD 15APR2002 DUE 15APR2032 | Corporate Debt Obligation | 245,000 | 248,170 | ||||
VERIZON GLOBAL FDG CORP 7.250% DTD 06/01/2001 DUE 01DEC2010 | Corporate Debt Obligation | 750,000 | 852,398 | ||||
VERIZON GLOBAL 6.875% DTD 21JUN2002 DUE 15JUN2012 | Corporate Debt Obligation | 60,000 | 66,918 | ||||
VERIZON NEW YORK INC 6.875% DTD 28MAR2002 DUE 01APR2012 | Corporate Debt Obligation | 65,000 | 73,020 | ||||
VERIZON WIRELESS INC 5.375% DTD 15JUN2002 DUE 15DEC2006 | Corporate Debt Obligation | 750,000 | 783,518 | ||||
VIACOM INC 6.400% DTD 17JAN2001 DUE 30JAN2006 | Corporate Debt Obligation | 190,000 | 209,766 | ||||
VIACOM INC 7.700% DTD 01AUG2000 DUE 30JUL2010 | Corporate Debt Obligation | 1,000,000 | 1,188,040 | ||||
VIRGINIA ELECTRIC & POWER CO 5.375% DTD 30JAN2002 DUE 01FEB2007 | Corporate Debt Obligation | 55,000 | 58,273 | ||||
WAL MART STORES INC NT 6.875% 08/10/2009 | Corporate Debt Obligation | 165,000 | 194,365 | ||||
WASHINGTON MUT INC 5.625% DTD 11JAN2002 DUE 15JAN2007 | Corporate Debt Obligation | 115,000 | 123,066 | ||||
WELLS FARGO & CO 5.00% DTD 06NOV02 DUE 15NOV2014 | Corporate Debt Obligation | 80,000 | 80,806 | ||||
WELLS FARGO FINL INC 4.875% DTD 12JUN2002 DUE 12JUN2007 | Corporate Debt Obligation | 120,000 | 127,691 | ||||
WESTINGHOUSE CR CORP NT DTD 06/14/1990 8.875% 06/14/2014 | Corporate Debt Obligation | 100,000 | 125,675 | ||||
WESTVACO CORP NT DTD 01/18/2000 8.200% 01/15/2030 | Corporate Debt Obligation | 80,000 | 92,989 | ||||
WEYERHAEUSER CO 5.25% DTD 17DEC2002 DUE 15DEC2009 | Corporate Debt Obligation | 395,000 | 399,404 | ||||
WEYERHAEUSER CO 7.375% DTD 15SEP2002 DUE 15MAR2032 | Corporate Debt Obligation | 20,000 | 21,691 | ||||
FANNIE MAE 4.250% DTD 22JUL2002 DUE 15JUL2007 | Federal Agency Obligation | 150,000 | 158,157 | ||||
FANNIE MAE 5.500% DTD 18JUL2001 DUE 18JUL2006 | Federal Agency Obligation | 380,000 | 388,075 | ||||
FEDERAL HOME BKS 4.125% DTD 15NOV2001 DUE 15NOV2006 | Federal Agency Obligation | 350,000 | 367,938 | ||||
FEDERAL HOME LN BKS 2.125% DTD 10DEC2002 DUE 15DEC2004 | Federal Agency Obligation | 1,300,000 | 1,307,722 | ||||
FEDERAL HOME LN MTG CORP DTD 03/12/1999 5.750% 03/15/2009 | Federal Agency Obligation | 605,000 | 679,300 | ||||
FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | Federal Agency Obligation | 240,000 | 246,041 | ||||
FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | Federal Agency Obligation | 605,000 | 615,237 | ||||
FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | Federal Agency Obligation | 270,000 | 301,520 | ||||
FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | Federal Agency Obligation | 280,000 | 287,554 | ||||
FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | Federal Agency Obligation | 230,000 | 240,081 | ||||
FEDERAL HOME LN MTG CORP PARTN CTF GROUP #C00785 | Federal Agency Obligation | 37,261 | 38,835 | ||||
FEDERAL HOME LN MTG CORP PARTN CTF GROUP #C71284 | Federal Agency Obligation | 6,460,139 | 6,732,176 | ||||
FEDERAL HOME LN MTG CORP PARTN CTF GROUP #E81915 | Federal Agency Obligation | 133,066 | 142,006 | ||||
FEDERAL HOME LN MTG CORP PARTN CTF GROUP #G00958 | Federal Agency Obligation | 869,470 | 906,666 | ||||
FEDERAL HOME LN MTG CORP PARTN CTF GROUP #W10001 | Federal Agency Obligation | 320,000 | 345,600 | ||||
FEDERAL HOME LN MTG CORP TBA GOLD 5.500% 01/19/2030 | Federal Agency Obligation | 1,265,000 | 1,289,111 | ||||
FEDERAL HOME LN MTG CORP TBA GOLD 6.500% 01/01/2033 | Federal Agency Obligation | 485,000 | 505,006 | ||||
FEDERAL HOME LOAN MORTGAGE CORP 4.500% DTD 04/15/2002 MAT 04/15/2005 | Federal Agency Obligation | 140,000 | 141,138 | ||||
FEDERAL JUDICIARY OFFICE BLDG DTD 08/03/1988 10.35% 08/03/2018 | Federal Agency Obligation | 325,000 | 508,830 | ||||
FEDERAL NATIONAL MORTGAGE ASSOCIATION 5.500% DTD 23FEB2001 DUE 15FEB2006 | Federal Agency Obligation | 305,000 | 333,594 | ||||
FEDERAL NATIONAL MORTGAGE ASSOCIATION 6.625% DTD 13OCT2000 DUE 15OCT2007 | Federal Agency Obligation | 420,000 | 486,280 | ||||
21
FEDERAL NATIONAL MORTGAGE ASSOCIATION 7.250% DTD 05MAY2000 DUE 15MAY2030 | Federal Agency Obligation | 140,000 | 176,093 | ||||
FEDERAL NATIONAL MORTGAGE ASSOCIATION TBA 5.000% DTD 01NOV2002 DUE 01JAN2018 | Federal Agency Obligation | 525,000 | 537,632 | ||||
FEDERAL NATL MTG ASSN 30YR 5.500% 02/14/2030 | Federal Agency Obligation | 4,665,000 | 4,736,421 | ||||
FEDERAL NATL MTG ASSN 5.375% DTD 11/23/2001 MAT 11/15/2011 | Federal Agency Obligation | 145,000 | 157,189 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #253394 | Federal Agency Obligation | 147,621 | 159,072 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #253635 | Federal Agency Obligation | 293,166 | 312,035 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #253943 | Federal Agency Obligation | 50,206 | 53,081 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #253947 | Federal Agency Obligation | 190,940 | 205,258 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #254261 | Federal Agency Obligation | 696,719 | 735,227 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #509701 | Federal Agency Obligation | 15,644 | 16,622 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #512673 | Federal Agency Obligation | 120,244 | 127,763 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #535988 | Federal Agency Obligation | 486,083 | 511,281 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #535996 | Federal Agency Obligation | 2,558,465 | 2,717,218 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #541427 | Federal Agency Obligation | 220,004 | 231,473 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #545996 | Federal Agency Obligation | 6,627,386 | 6,970,950 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #550791 | Federal Agency Obligation | 25,146 | 26,457 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #588104 | Federal Agency Obligation | 42,815 | 44,819 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #592889 | Federal Agency Obligation | 467,186 | 489,059 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #612859 | Federal Agency Obligation | 728,202 | 765,952 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #614334 | Federal Agency Obligation | 61,708 | 64,907 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #621398 | Federal Agency Obligation | 301,916 | 317,559 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #627637 | Federal Agency Obligation | 40,139 | 42,357 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #630613 | Federal Agency Obligation | 122,972 | 129,343 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #634503 | Federal Agency Obligation | 315,531 | 332,971 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #640180 | Federal Agency Obligation | 387,832 | 405,839 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #647725 | Federal Agency Obligation | 948,413 | 992,448 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #655114 | Federal Agency Obligation | 234,080 | 248,521 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #F069OB | Federal Agency Obligation | 290,000 | 298,369 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #F070PG | Federal Agency Obligation | 710,000 | 728,780 | ||||
FEDERAL NATL MTG ASSN GTD REMIC PASS THRU CTF REMIC TR | Federal Agency Obligation | 205,000 | 209,184 | ||||
FEDERAL NATL MTG ASSN REMIC TR 1997-M5 CL-C | Federal Agency Obligation | 445,000 | 498,418 | ||||
FEDERAL NATL MTG ASSN REMIC TR 2001-51 CL PC | Federal Agency Obligation | 480,000 | 488,726 | ||||
FEDERAL NATL MTG ASSN SER N DTD 05/11/1998 6.000% | Federal Agency Obligation | 905,000 | 1,025,193 | ||||
FEDERAL NATL MTG ASSN TBA 5.500% 01/01/2014 | Federal Agency Obligation | 2,505,000 | 2,595,030 | ||||
FEDERAL NATL MTG ASSN TBA 6.00% 01/01/2030 | Federal Agency Obligation | 4,155,000 | 4,293,943 | ||||
FEDERAL NATL MTG ASSN TBA 6.00% 02/01/2030 | Federal Agency Obligation | 16,000,000 | 16,475,040 | ||||
FEDERAL NATL MTG ASSN TBA 6.500% 01/01/2030 | Federal Agency Obligation | 11,000,000 | 11,450,340 | ||||
22
FHLMC REMIC SERIES 005 TRANCHE A6 | Federal Agency Obligation | 192,669 | 206,240 | ||||
FHLMC REMIC SERIES SERIES T-42 CLASS A2 | Federal Agency Obligation | 170,000 | 176,933 | ||||
FINANCING CORP BD 9.40% 02/08/2018 | Federal Agency Obligation | 230,000 | 334,721 | ||||
FREDDIE MAC 6.000% DTD 29MAY2002 DUE 25MAY2012 | Federal Agency Obligation | 325,000 | 339,424 | ||||
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION TBA | Federal Agency Obligation | 345,000 | 357,938 | ||||
GOVERNMENT NATL MTG ASSN PASS THRU CTF POOL #569780 | Federal Agency Obligation | 148,647 | 157,588 | ||||
GOVERNMENT NATL MTG ASSN TBA 6.000% 01/25/2030 | Federal Agency Obligation | 660,000 | 686,400 | ||||
GOVERNMENT NATL MTG ASSN TBA 6.500% 01/25/2030 | Federal Agency Obligation | 1,385,000 | 1,452,519 | ||||
GOVERNMENT NATL MTG ASSN TBA 7.000% 01/25/2030 | Federal Agency Obligation | 1,230,000 | 1,303,037 | ||||
GOVERNMENT NATL MTG ASSN TBA 8.000% 01/25/2030 | Federal Agency Obligation | 1,180,000 | 1,272,925 | ||||
STUDENT LN MKTG ASSN 3.375% DTD 06/14/2002 MAT 07/15/2004 | Federal Agency Obligation | 1,145,000 | 1,175,778 | ||||
BRITISH COLUMBIA PROV CDA 4.625% DTD 03OCT2001 DUE 03OCT2006 | Foreign Corporate Debt Obligation | 190,000 | 201,645 | ||||
BRITISH TELECOMMUNICATIONS 7.625% DTD 12DEC2000 DUE 15DEC2005 | Foreign Corporate Debt Obligation | 220,000 | 248,094 | ||||
BURLINGTON RES FIN CO 7.400% DTD 01JUN2002 DUE 01DEC2031 | Foreign Corporate Debt Obligation | 750,000 | 879,330 | ||||
DEUTSCHE TELEKOM INT FIN 9.250% DTD 29MAY2002 DUE 01JUN2032 | Foreign Corporate Debt Obligation | 140,000 | 177,596 | ||||
FRANCE TELECOM SERIES W.I. | Foreign Corporate Debt Obligation | 195,000 | 237,379 | ||||
KOREA DEVELOPMENT BANK 4.250% DTD 13NOV2002 DUE 13NOV2007 | Foreign Corporate Debt Obligation | 70,000 | 71,073 | ||||
PETRONAS CAPITAL LTD SERIES 144A | Foreign Corporate Debt Obligation | 170,000 | 185,125 | ||||
VODAFONE GROUP PLC NOTES | Foreign Corporate Debt Obligation | 1,000,000 | 1,179,380 | ||||
AFRICAN DEV BANK SUB 8.80% 09/01/2019 | Foreign Government Obligation | 125,000 | 168,138 | ||||
INTERNATIONAL BK FOR RECON & DEV US# GLO9BAL NOTE | Foreign Government Obligation | 300,000 | 324,000 | ||||
MEXICAN UNITED STATES 8.000% DTD 24SEP2002 DUE 24SEP2022 | Foreign Government Obligation | 185,000 | 191,475 | ||||
NEW BRUNSWICK(PROVINCE OF),CANADA 3.500% DTD 23OCT2002 DUE 23OCT2007 | Foreign Government Obligation | 260,000 | 264,082 | ||||
NOVA SCOTIA(PROVINCE OF),CANADA 5.750% DTD 26FEB2002 DUE 27FEB2012 | Foreign Government Obligation | 130,000 | 142,715 | ||||
ONTAIO PROV CDA DTD 08/04/1995 7.000% 08/04/2005 | Foreign Government Obligation | 310,000 | 345,861 | ||||
QUEBEC PROV CDA 7.500% 09/15/2029 | Foreign Government Obligation | 240,000 | 299,316 | ||||
QUEBEC PROV CDA GLOBAL BD | Foreign Government Obligation | 245,000 | 279,888 | ||||
UNITED MEXICAN STATES 8.300% DTD 13AUG1993 DUE 15AUG2031 | Foreign Government Obligation | 110,000 | 116,050 | ||||
BANK OF AMERICA JENNISON #01-155 | Guaranteed Investment Contract | 101,360,850 | 101,360,850 | ||||
CAISSE DES DEPOTS (CDC) BRIC #240-05 | Guaranteed Investment Contract | 10,023,156 | 10,023,156 | ||||
JACKSON NATIONAL LIFE #G-1171-2 | Guaranteed Investment Contract | 7,024,928 | 7,024,928 | ||||
METROPOLITAN LIFE INS CO CONTRACT #28459 | Guaranteed Investment Contract | 98,183,469 | 98,183,469 | ||||
MONUMENTAL LIFE INS CO GIC MDA00273 | Guaranteed Investment Contract | 90,710,575 | 90,710,575 | ||||
MONUMENTAL LIFE INSURANCE CONTRACT#MDA00225TR | Guaranteed Investment Contract | 11,627,457 | 11,627,457 | ||||
MONUMENTAL LIFE GIC# MDA00108 6.630% 01/01/2025 | Guaranteed Investment Contract | 44,914,683 | 44,914,683 | ||||
MORGAN GUARANTY TRUST CO #433122-Z | Guaranteed Investment Contract | 90,132,441 | 90,132,441 | ||||
PRUDENTIAL GA-10025-212 01/31/2003 | Guaranteed Investment Contract | 6,306,200 | 6,306,200 | ||||
23
STATE STREET BANK & TRUST 99040 4.930% 07/02/2001 | Guaranteed Investment Contract | 139,778,330 | 139,778,330 | ||||
UBS INC CONTRACT #5060 | Guaranteed Investment Contract | 152,929,557 | 152,929,557 | ||||
QSIP OUTSTANDING LOANS TO PARTICIPANTS | Loans with interest ranging from 4.62% to 11.75%) | 85,400,067 | 85,400,067 | ||||
*BGI MONEY MARKET FUND FOR EBT | Money Market Fund | 71 | 71 | ||||
*BGI EQUITY INDEX FUND F | Pooled Common Stock | 48,187,384 | 575,357,367 | ||||
*CAP GUARDIAN INT'L EQUITY | Pooled Common Stock | 26,938,648 | 191,533,790 | ||||
*MELLON DAILY LIQUIDITY ASSET ALLOCATION FUND | Pooled Common Stock | 542,086 | 44,618,571 | ||||
*PYRAMID DIRECTED ACCOUNT CASH FUND | Pooled Temporary Investment (cost of $109,564,486) | 109,564,486 | 109,564,486 | ||||
U.S. GOVERNMENT TREASURY NOTES 3.000% DTD 30NOV2001 DUE 30NOV2003 | U S Treasury Obligation | 295,000 | 299,702 | ||||
U.S. GOVERNMENT TREASURY NOTES 6.125% DTD 15AUG1997 DUE 15AUG2007 | U S Treasury Obligation | 70,000 | 80,500 | ||||
UNITED STATES TREAS BD BD DTD 11/16/1998 5.250% 11/15/2028 | U S Treasury Obligation | 1,835,000 | 1,916,437 | ||||
UNITED STATES TREAS BD DTD 02/16/1999 5.250% 02/15/2029 | U S Treasury Obligation | 6,810,000 | 7,116,450 | ||||
UNITED STATES TREAS BDS DTD 02/15/1985 11.250% 02/15/2015 | U S Treasury Obligation | 340,000 | 566,206 | ||||
UNITED STATES TREAS BDS DTD 02/15/1986 9.250% 02/15/2016 | U S Treasury Obligation | 885,000 | 1,313,393 | ||||
UNITED STATES TREAS BDS DTD 08/15/1983 12.000% 08/15/2013 | U S Treasury Obligation | 4,860,000 | 7,077,375 | ||||
UNITED STATES TREAS BDS DTD 08/15/1987 8.875% DUE 08/15/2017 | U S Treasury Obligation | 670,000 | 979,245 | ||||
UNITED STATES TREAS BDS DTD 08/15/1989 8.125% 08/15/2019 | U S Treasury Obligation | 1,385,000 | 1,929,045 | ||||
UNITED STATES TREAS BDS DTD 11/15/1988 9.000% 11/15/2018 | U S Treasury Obligation | 135,000 | 200,981 | ||||
UNITED STATES TREAS BDS DTD 11/17/1980 12.750% 11/15/2010 | U S Treasury Obligation | 3,595,000 | 4,653,296 | ||||
UNITED STATES TREAS NOTES DTD 05/15/1995 6.500% 05/15/2005 | U S Treasury Obligation | 100,000 | 111,000 | ||||
UNITED STATES TREAS NTS 2.00% DTD 02DEC2002 DUE 30NOV2004 | U S Treasury Obligation | 620,000 | 625,233 | ||||
UNITED STATES TREAS NTS 2.875% DTD 30JUN2002 DUE 30JUN2004 | U S Treasury Obligation | 150,000 | 153,329 | ||||
UNITED STATES TREAS NTS 3.000% DTD 15NOV2002 DUE 15NOV2007 | U S Treasury Obligation | 705,000 | 713,594 | ||||
UNITED STATES TREAS NTS 3.375% DTD 30APR2002 DUE 30APR2004 | U S Treasury Obligation | 2,435,000 | 2,501,208 | ||||
UNITED STATES TREAS NTS 4.000% DTD 15NOV2002 DUE 15NOV2012 | U S Treasury Obligation | 50,000 | 50,703 | ||||
UNITED STATES TREAS NTS DTD 05/15/1999 5.500% 05/15/2009 | U S Treasury Obligation | 190,000 | 215,591 | ||||
UNITED STATES TREAS NTS DTD 08/16/1999 6.00% MAT 08/15/2009 | U S Treasury Obligation | 300,000 | 348,844 | ||||
UNITED STATES TREAS NTS DTD 11/15/1998 4.750% 11/15/2008 | U S Treasury Obligation | 1,470,000 | 1,604,597 | ||||
UNITED STATES TREAS SEC STRIPPED INT PMT | U S Treasury Obligation | 2,300,000 | 875,012 | ||||
UNITED STATES TREASURY BOND 5.375% DTD 15FEB2001 DUE 15FEB2031 | U S Treasury Obligation | 315,000 | 343,448 | ||||
UNITED STATES TREASURY NOTE 3.500% DTD 15NOV2001 DUE 15NOV2006 | U S Treasury Obligation | 1,310,000 | 1,363,225 | ||||
Self-Directed Personal Choice Retirement Account: | |||||||
*QWEST COMMUNICATIONS INTERNATIONAL INC. | Common Stock | 30,554 | 152,770 | ||||
GOVERNMENT SECURITIES | U. S. Government Obligations | 147,056 | |||||
OTHER MARKETABLE SECURITIES | Various | 86,480,122 | |||||
*PYRAMID DIRECTED ACCOUNT CASH FUND | Pooled Temporary Investment | 77,617 | |||||
Total Investments not including the Plan's Investment in the Master Trust | $ | 2,567,314,542 | |||||
- *
- Represents a party-in-interest
See accompanying independent auditors' report.
24
Qwest Savings & Investment Plan
Schedule H, Line 4i—Schedule of Assets (Held at End of Year)
As of December 30, 2002
Schedule l
Name of Issue, Borrower, Lessor or Similar Party | Description of Investment | Shares or Units | Current Values | ||||
---|---|---|---|---|---|---|---|
AT&T CORP CLA A COMMON STOCK | Common Stock | 1,702,267 | $ | 44,344,055 | |||
AT&T WIRELESS SVCS INC COMMON STOCK | Common Stock | 3,951,260 | 22,838,283 | ||||
COMCAST CORP CLASS A CM | Common Stock | 2,797,468 | 66,355,941 | ||||
*QWEST COMMUNICATIONS INTL INC COM | Common Stock (cost of $1,991,851,449) | 83,550,955 | 426,109,871 | ||||
AIG SUNAMERICA GLOBAL FIN IX SERIES 144A | Corporate Debt Obligation | 1,420,000 | 1,658,588 | ||||
ALBERTSONS INC SR DEB 07/27/1999 7.450% 08/01/2029 | Corporate Debt Obligation | 395,000 | 437,850 | ||||
ALLIANT ENERGY RESOURCES 9.750% DTD 12/26/2002 MAT 01/15/2013 | Corporate Debt Obligation | 160,000 | 159,166 | ||||
ALLSTATE CORP DEB DTD 05/26/1998 6.900% | Corporate Debt Obligation | 750,000 | 835,358 | ||||
AMERADA HESS CORP 7.300% DTD 15AUG2001 DUE 15AUG2031 | Corporate Debt Obligation | 115,000 | 125,440 | ||||
AMERICAN HOME PROD 6.250% DTD 30MAR2001 DUE 15MAR2006 | Corporate Debt Obligation | 175,000 | 191,065 | ||||
AOL TIME WARNER INC 6.875% DTD 08APR2002 DUE 01MAY2012 | Corporate Debt Obligation | 70,000 | 74,129 | ||||
AOL TIME WARNER INC 7.625% DTD 19APR2001 15APR2031 | Corporate Debt Obligation | 30,000 | 30,917 | ||||
AOL TIME WARNER INC 7.700% DTD 08APR2002 DUE 01MAY2032 | Corporate Debt Obligation | 625,000 | 652,244 | ||||
ARCHER-DANIELS-MIDLAND CO 5.875% DTD 01OCT2002 DUE 01OCT2032 | Corporate Debt Obligation | 100,000 | 100,199 | ||||
AT& T WIRELESS SERVICES GROUP 8.75% NTS DTD 03/01/2001 MAT 03/01/2031 | Corporate Debt Obligation | 205,000 | 202,530 | ||||
AT&T BROADBAND CORP 8.375% DTD 18NOV2002 DUE 15MAR2013 | Corporate Debt Obligation | 275,000 | 312,818 | ||||
AT&T CORPORATION 6.500% DTD 31OCT2002 DUE 15MAR2013 | Corporate Debt Obligation | 140,000 | 140,843 | ||||
AT&T CORPORATION SR NTS | Corporate Debt Obligation | 45,000 | 49,732 | ||||
AT&T WIRELESS GROUP 7.875% DTD 01SEP2001 DUE 01MAR2011 | Corporate Debt Obligation | 40,000 | 40,564 | ||||
AVALONBAY CMNTYS INC MEDIUM TERM NTS TRANCHE # TR 00002 | Corporate Debt Obligation | 355,000 | 397,525 | ||||
BANK OF AMERICA CORP 4.875% DTD 25SEP2002 DUE 15SEP2012 | Corporate Debt Obligation | 165,000 | 167,680 | ||||
BANK OF AMERICA CORP 7.80% DTD 14FEB2000 DUE 15FEB2010 | Corporate Debt Obligation | 125,000 | 149,138 | ||||
BAYERISCHE LANDESBANK GIRO 4.125% DTD 14JAN2002 DUE 14JAN2005 | Corporate Debt Obligation | 490,000 | 510,536 | ||||
BOEING CO 7.950% 08/15/2024 | Corporate Debt Obligation | 365,000 | 437,255 | ||||
BRE PROPERTIES INC 5.950% DTD 12MAR2002 DUE 15MAR2007 | Corporate Debt Obligation | 130,000 | 137,146 | ||||
BURLINGTON NORTHERN SANTA FE 6.750% DTD 15MAY2001 DUE 15JUL2011 | Corporate Debt Obligation | 145,000 | 165,039 | ||||
CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV PG&E SER 1997-1 CTF CL A7 | Corporate Debt Obligation | 145,000 | 157,840 | ||||
CALIFORNIA INFRASTRUCTURE 7 ECONOMI SERIES 1997-1 CLASS A6 | Corporate Debt Obligation | 165,000 | 180,201 | ||||
CAPITAL AUTO RECEIVABLE ASSET TRUST SERIES 2002-3 CL A2A | Corporate Debt Obligation | 580,000 | 591,617 | ||||
CAPITAL AUTO RECV ABN SERIES 2002-2 CL A3 | Corporate Debt Obligation | 285,000 | 292,347 | ||||
CHARTER ONE BK F S B 6.375% DTD 20MAY2002 DUE 15MAY2012 | Corporate Debt Obligation | 120,000 | 132,958 | ||||
CINGULAR WIRELESS LLC 6.500% DTD 15JUN2002 DUE 15DEC2011 | Corporate Debt Obligation | 750,000 | 808,470 | ||||
CIT GROUP INC 5.500% DTD 12/02/2002 MAT 11/30/2007 | Corporate Debt Obligation | 85,000 | 87,018 | ||||
CITICORP 6.750% 08/15/2005 | Corporate Debt Obligation | 1,325,000 | 1,469,836 | ||||
CITIGROUP INC 5.625% DTD 26AUG2002 DUE 27AUG2012 | Corporate Debt Obligation | 85,000 | 89,645 | ||||
CITIGROUP INC 6.750% DTD 06DEC2000 DUE 01DEC2005 | Corporate Debt Obligation | 165,000 | 183,559 | ||||
CITIGROUP INC SUB NOTES | Corporate Debt Obligation | 260,000 | 302,544 | ||||
CITIZENS COMMUNICATIONS CO 9.000% DTD 02/15/2002 DUE 15AUG2031 | Corporate Debt Obligation | 35,000 | 41,074 | ||||
COCA COLA CO 5.75% DTD 30APR1999 DUE 30APR2009 | Corporate Debt Obligation | 360,000 | 383,220 | ||||
COMCAST CABLE COMMUNICAT 6.750% DTD 16JAN2001 DUE 30JAN2011 | Corporate Debt Obligation | 815,000 | 850,069 | ||||
COMED FUNDING LLC SERIES 1998 SERIES A-5 | Corporate Debt Obligation | 345,000 | 362,685 | ||||
25
COMED TRANSITIONAL FUNDING TRUST SERIES 1998-1 CLASS A-6 | Corporate Debt Obligation | 1,135,000 | 1,238,898 | ||||
CONAGRA FOODS INC 6.750% DTD 10SEP2001 DUE 15SEP2011 | Corporate Debt Obligation | 140,000 | 159,645 | ||||
CONOCO FUNDING INC 5.450% DTD 11OCT2001 DUE 15OCT2006 | Corporate Debt Obligation | 315,000 | 340,329 | ||||
CONOCO INC NT DTD 04/20/1999 6.350% 04/15/2009 | Corporate Debt Obligation | 105,000 | 117,522 | ||||
CONOCOPHILLIPS SERIES 144A | Corporate Debt Obligation | 60,000 | 60,509 | ||||
CONOCOPHILLIPS SERIES 144A | Corporate Debt Obligation | 85,000 | 84,871 | ||||
CONSTELLATION ENERGY CORP 7.600% DTD 26MAR2002 DUE 01APR2032 | Corporate Debt Obligation | 95,000 | 97,446 | ||||
CORPORATE PPTY INVS 7.180% DTD 02SEP1993 DUE 01SEP2013 | Corporate Debt Obligation | 265,000 | 292,989 | ||||
CORPORATE PROPERTY INVS NT 144A 7.875% 03/15/2016 | Corporate Debt Obligation | 165,000 | 189,894 | ||||
COX COMMUNICATIONS INC 6.750% DTD 09MAR2001 DUE 15MAR2011 | Corporate Debt Obligation | 45,000 | 48,545 | ||||
DAIMLER CHRYSLER AUTO TRUST SERIES 2002-C CL A3 | Corporate Debt Obligation | 180,000 | 182,050 | ||||
DEVON FING CORP U L C 7.875% DTD 03OCT2001 DUE 30SEP2031 | Corporate Debt Obligation | 200,000 | 236,434 | ||||
DOW CHEM CO DTD 11/01/1999 7.375% 11/01/2029 | Corporate Debt Obligation | 220,000 | 238,933 | ||||
DOW CHEM 5.750% DTD 13NOV2001 DUE 15DEC2008 | Corporate Debt Obligation | 750,000 | 783,810 | ||||
DOW CHEMICAL 6.000% DTD 29AUG2002 DUE 01OCT2012 | Corporate Debt Obligation | 170,000 | 174,253 | ||||
DUKE CAP CORP 6.250% DTD 15FEB2002 DUE 15FEB2013 | Corporate Debt Obligation | 40,000 | 35,731 | ||||
DUKE ENERGY FIELD SERVICES 7.875% DTD 16AUG2000 DUE 16AUG2010 | Corporate Debt Obligation | 160,000 | 169,718 | ||||
EOP OPERATING LP 6.750% DTD 02/15/2002 MAT 02/15/2012 | Corporate Debt Obligation | 155,000 | 167,014 | ||||
ERP OPER LTD PARTNERSHIP NT PUTABLE/CALLABLE | Corporate Debt Obligation | 515,000 | 547,811 | ||||
FINANCEMENT QUEBEC 5.000% DTD 25OCT2002 DUE 25OCT2012 | Corporate Debt Obligation | 335,000 | 343,945 | ||||
FIRST CHICAGO CORP SUB NT DTD 01/26/1994 | Corporate Debt Obligation | 75,000 | 83,793 | ||||
FMR CORP DEB 144A | Corporate Debt Obligation | 365,000 | 440,493 | ||||
FMR CORP NT 144A | Corporate Debt Obligation | 10,000 | 11,544 | ||||
FORD CREDIT AUTO OWNER TRUST SERIES 2002-A CL A3A | Corporate Debt Obligation | 175,000 | 178,509 | ||||
FORD MOTOR CR CO 10/28/1999 7.375% 10/28/2009 | Corporate Debt Obligation | 295,000 | 292,906 | ||||
FORD MOTOR CRED 7.750% DTD 15FEB2000 DUE 15FEB2007 | Corporate Debt Obligation | 750,000 | 770,505 | ||||
FORD MTR CO DEL DEB DTD 09/30/1998 6.625% 10/01/2008 | Corporate Debt Obligation | 140,000 | 111,986 | ||||
FORD MTR CO DEL GLOBAL LANDMARK SECS-GLOBLS | Corporate Debt Obligation | 150,000 | 130,899 | ||||
FORD MTR CR CO NT | Corporate Debt Obligation | 75,000 | 69,659 | ||||
FOSTERS BREWING GROUP LTD 6.875% DTD 15JUN2001 DUE 15JUN2011 | Corporate Debt Obligation | 675,000 | 770,324 | ||||
GENERAL ELEC CAP CORP MED TERM NTS TRANCHE # TR 00443 | Corporate Debt Obligation | 750,000 | 872,670 | ||||
GENERAL ELEC CAP CORP MEDIUM TERM NTS | Corporate Debt Obligation | 525,000 | 580,440 | ||||
GENERAL ELECTRIC CAP CORP 5.450% DTD 06DEC2002 DUE 15JAN2013 | Corporate Debt Obligation | 450,000 | 466,421 | ||||
GENERAL MLS INC 3.875% DTD 20NOV2002 DUE 30NOV2007 | Corporate Debt Obligation | 315,000 | 318,569 | ||||
GENERAL MOTORS ACCEPT CORP 7.750% DTD 19JAN2000 DUE 19JAN2010 | Corporate Debt Obligation | 750,000 | 793,065 | ||||
GENERAL MOTORS ACCEPT CORP 8.00% DTD 02NOV01 DUE 01NOV2031 | Corporate Debt Obligation | 400,000 | 403,084 | ||||
GENERAL MOTORS ACCEPTANCE CORP 6.875% DTD 29AUG2002 DUE 28AUG2012 | Corporate Debt Obligation | 395,000 | 390,446 | ||||
GENERAL MOTORS 7.200% DTD 11JAN2001 DUE 15JAN2011 | Corporate Debt Obligation | 105,000 | 105,376 | ||||
GOLDMAN SACHS GROUP INC 5.700% DTD 27AUG2002 DUE 01SEP2012 | Corporate Debt Obligation | 215,000 | 224,277 | ||||
GOODRICH(B.F.)CO 7.625% DTD 10DEC2002 DUE 15DEC2012 | Corporate Debt Obligation | 170,000 | 176,032 | ||||
GREENWICH CAP CMBS 2002-C1 TRANCHE A-3 | Corporate Debt Obligation | 830,000 | 854,518 | ||||
GTE CORP DEB 6.940% 04/15/2028 | Corporate Debt Obligation | 55,000 | 57,871 | ||||
HARMAN INTERNATIONAL INDUSTRIES,INC 7.125% DTD 19FEB2002 DUE 15FEB2007 | Corporate Debt Obligation | 65,000 | 68,570 | ||||
HEINZ(H.J.)CO SERIES 144A | Corporate Debt Obligation | 165,000 | 187,237 | ||||
HJ HEINZ FINANCE CO SERIES 144A | Corporate Debt Obligation | 135,000 | 145,985 | ||||
HONDA AUTO RECEIVABLES OWNER TRST 3.50% DTD 29JAN2002 DUE 15OCT2005 | Corporate Debt Obligation | 180,000 | 183,388 | ||||
HOUSEHOLD FIN CORP 6.750% DTD 09MAY2001 DUE 15MAY2011 | Corporate Debt Obligation | 215,000 | 229,945 | ||||
HOUSEHOLD FIN CORP NT 6.400% 06/17/2008 | Corporate Debt Obligation | 150,000 | 160,179 | ||||
HOUSEHOLD FINANCE 6.500% DTD 24JAN2001 DUE 24JAN2006 | Corporate Debt Obligation | 165,000 | 175,786 | ||||
HRPT PPTYS TR 6.500% DTD 06DEC2002 DUE 15JAN2013 | Corporate Debt Obligation | 105,000 | 107,398 | ||||
HYATT EQUITIES LLC SERIES 144A | Corporate Debt Obligation | 85,000 | 84,755 | ||||
26
J P MORGAN CHASE & CO 6.750% DTD 30JAN2001 DUE 01FEB2011 | Corporate Debt Obligation | 85,000 | 92,649 | ||||
JP MORGAN CHASE COMMERCIAL MORTGAGE SERIES 2002-C1 CLASS A2 | Corporate Debt Obligation | 700,000 | 732,375 | ||||
JP MORGAN CHASE 5.350% DTD 06MAR2002 DUE 01MAR2007 | Corporate Debt Obligation | 50,000 | 52,954 | ||||
KERR MCGEE CORP 5.375% DTD 12APR2002 DUE 15APR2005 | Corporate Debt Obligation | 770,000 | 812,042 | ||||
KINDER MORGAN SERIES 144A | Corporate Debt Obligation | 125,000 | 131,013 | ||||
KRAFT FOODS INC 5.625% DTD 11/02/2001 MAT 11/01/2011 | Corporate Debt Obligation | 85,000 | 91,129 | ||||
KROGER CO SR NT SER B | Corporate Debt Obligation | 90,000 | 103,289 | ||||
LASMO USA INC GTD NT 7.500% 06/30/2006 | Corporate Debt Obligation | 1,350,000 | 1,535,355 | ||||
LOCKHEED MARTIN CORP NT DTD 05/01/1996 7.75% 05/01/2026 | Corporate Debt Obligation | 260,000 | 317,080 | ||||
MARATHON OIL CORP 6.000% DTD 21JUN2002 DUE 01JUL2012 | Corporate Debt Obligation | 750,000 | 793,358 | ||||
MERRILL LYNCH & CO,INC 4.000% DTD 15NOV2002 DUE 15NOV2007 | Corporate Debt Obligation | 350,000 | 354,039 | ||||
MMCA AUTO OWNER TR 2002-3 ASSET BKD NT CL A-3 | Corporate Debt Obligation | 385,000 | 390,840 | ||||
MORGAN J P & CO MEDIUM TERM NTS TRANCHE #SB 00022 | Corporate Debt Obligation | 60,000 | 63,124 | ||||
NORFOLK SOUTHN CORP NT DTD 04/26/1999 6.200% 04/15/2009 | Corporate Debt Obligation | 235,000 | 257,118 | ||||
PECO ENERGY TRANSITION TRUST 1999-A SERIES A-4 | Corporate Debt Obligation | 245,000 | 260,239 | ||||
PHILLIPS PETROLEUM 8.500% DTD 25MAY2000 DUE 25MAY2005 | Corporate Debt Obligation | 1,500,000 | 1,706,325 | ||||
PROCTER & GAMBLE CO DEB 8.000% 09/01/2024 | Corporate Debt Obligation | 540,000 | 703,442 | ||||
PROCTER & GAMBLE PROFIT SHARING TR GTD ESOP DEB SER A | Corporate Debt Obligation | 105,000 | 143,082 | ||||
PRUDENTIAL INS CO AMER 8.300% 07/01/2025 | Corporate Debt Obligation | 150,000 | 167,976 | ||||
PS&G TRANSITION FINDING LLC SERIES 2001-1 CL A7 | Corporate Debt Obligation | 275,000 | 315,587 | ||||
PSEG POWER LLC 8.625% DTD 10/15/2001 DUE 15APR2031 | Corporate Debt Obligation | 35,000 | 37,783 | ||||
PULTE CORP 7.300% 10/24/2005 | Corporate Debt Obligation | 110,000 | 117,633 | ||||
RAYTHEON CO DTD 11/04/1998 6.150% 11/01/2008 | Corporate Debt Obligation | 75,000 | 81,036 | ||||
RUSSELL FRANK CO GTD NT 144A | Corporate Debt Obligation | 1,000,000 | 1,078,730 | ||||
SAFEWAY INC 3.800% DTD 12AUG2002 DUE 15AUG2005 | Corporate Debt Obligation | 100,000 | 101,372 | ||||
SAFEWAY INC 6.150% DTD 05MAR2001 01MAR2006 | Corporate Debt Obligation | 750,000 | 812,655 | ||||
SEARS ROEBUCK ACCEP CORP MTNBE 6.700% DTD 25MAR2002 DUE 15APR2012 | Corporate Debt Obligation | 15,000 | 14,277 | ||||
SPIEKER PPTYS L P NT DTD 05/11/1999 7.250% 05/01/2009 | Corporate Debt Obligation | 275,000 | 299,412 | ||||
SPRINT CAP CORP DTD 11/16/1998 6.875% 11/15/2028 | Corporate Debt Obligation | 45,000 | 36,225 | ||||
SPRINT CAP CORP DTD 11/16/1998 6.875% 11/15/2028 | Corporate Debt Obligation | 350,000 | 281,750 | ||||
SPRINT CAP CORP NT DTD 05/06/1999 6.900% 05/01/2019 | Corporate Debt Obligation | 110,000 | 90,200 | ||||
SPRINT CAPITAL CORP. 6.000% DTD 15JAN2002 DUE 15JAN2007 | Corporate Debt Obligation | 45,000 | 42,525 | ||||
TARGET CORP 7.500% DTD 10AUG2000 DUE 15AUG2010 | Corporate Debt Obligation | 100,000 | 118,972 | ||||
TECO ENERGY INC 7.200% DTD 01MAY2001 DUE 01MAY2011 | Corporate Debt Obligation | 295,000 | 252,225 | ||||
TIAA GLOBAL MARKETS 4.125% DTD 31OCT2002 DUE 15NOV2007 | Corporate Debt Obligation | 250,000 | 258,948 | ||||
TYSON FOODS,INC(DEL.) 8.250% DTD 01APR2002 DUE 01OCT2011 | Corporate Debt Obligation | 40,000 | 47,420 | ||||
U S AIR INC ENHANCED EQUIPMENT NT CL | Corporate Debt Obligation | 639,216 | 544,011 | ||||
VALERO ENERGY CORP 7.500% DTD 15APR2002 DUE 15APR2032 | Corporate Debt Obligation | 245,000 | 249,057 | ||||
VERIZON GLOBAL FDG CORP 7.250% DTD 06/01/2001 DUE 01DEC2010 | Corporate Debt Obligation | 750,000 | 854,528 | ||||
VERIZON GLOBAL 6.875% DTD 21JUN2002 DUE 15JUN2012 | Corporate Debt Obligation | 60,000 | 67,108 | ||||
VERIZON NEW YORK INC 6.875% DTD 28MAR2002 DUE 01APR2012 | Corporate Debt Obligation | 65,000 | 73,224 | ||||
VERIZON WIRELESS INC 5.375% DTD 15JUN2002 DUE 15DEC2006 | Corporate Debt Obligation | 750,000 | 784,418 | ||||
VIACOM INC 6.400% DTD 17JAN2001 DUE 30JAN2006 | Corporate Debt Obligation | 190,000 | 207,890 | ||||
VIACOM INC 7.700% DTD 01AUG2000 DUE 30JUL2010 | Corporate Debt Obligation | 1,000,000 | 1,190,610 | ||||
VIRGINIA ELECTRIC & POWER CO 5.375% DTD 30JAN2002 DUE 01FEB2007 | Corporate Debt Obligation | 55,000 | 58,343 | ||||
WAL MART STORES INC NT 6.875% 08/10/2009 | Corporate Debt Obligation | 165,000 | 194,707 | ||||
WASHINGTON MUT INC 5.625% DTD 11JAN2002 DUE 15JAN2007 | Corporate Debt Obligation | 115,000 | 123,214 | ||||
WELLS FARGO & CO 5.00% DTD 06NOV02 DUE 15NOV2014 | Corporate Debt Obligation | 80,000 | 81,094 | ||||
WELLS FARGO FINL INC 4.875% DTD 12JUN2002 DUE 12JUN2007 | Corporate Debt Obligation | 120,000 | 127,855 | ||||
WESTINGHOUSE CR CORP NT DTD 06/14/1990 8.875% 06/14/2014 | Corporate Debt Obligation | 100,000 | 126,065 | ||||
27
WESTVACO CORP NT DTD 01/18/2000 8.200% 01/15/2030 | Corporate Debt Obligation | 80,000 | 93,321 | ||||
WEYERHAEUSER CO 5.25% DTD 17DEC2002 DUE 15DEC2009 | Corporate Debt Obligation | 395,000 | 400,084 | ||||
WEYERHAEUSER CO 7.375% DTD 15SEP2002 DUE 15MAR2032 | Corporate Debt Obligation | 20,000 | 21,772 | ||||
FANNIE MAE 4.250% DTD 22JUL2002 DUE 15JUL2007 | Federal Agency Obligation | 150,000 | 158,438 | ||||
FANNIE MAE 5.500% DTD 18JUL2001 DUE 18JUL2006 | Federal Agency Obligation | 380,000 | 388,193 | ||||
FEDERAL HOME BKS 4.125% DTD 15NOV2001 DUE 15NOV2006 | Federal Agency Obligation | 350,000 | 368,375 | ||||
FEDERAL HOME LN BKS 2.125% DTD 10DEC2002 DUE 15DEC2004 | Federal Agency Obligation | 1,300,000 | 1,307,319 | ||||
FEDERAL HOME LN MTG CORP DTD 03/12/1999 5.750% 03/15/2009 | Federal Agency Obligation | 605,000 | 680,437 | ||||
FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | Federal Agency Obligation | 240,000 | 246,077 | ||||
FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | Federal Agency Obligation | 605,000 | 615,394 | ||||
FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | Federal Agency Obligation | 270,000 | 301,928 | ||||
FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | Federal Agency Obligation | 280,000 | 287,613 | ||||
FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | Federal Agency Obligation | 230,000 | 240,111 | ||||
FEDERAL HOME LN MTG CORP PARTN CTF GROUP #C00785 | Federal Agency Obligation | 37,261 | 38,973 | ||||
FEDERAL HOME LN MTG CORP PARTN CTF GROUP #C71284 | Federal Agency Obligation | 6,460,139 | 6,737,086 | ||||
FEDERAL HOME LN MTG CORP TBA GOLD 5.500% 01/19/2030 | Federal Agency Obligation | 345,000 | 352,117 | ||||
FEDERAL HOME LN MTG CORP PARTN CTF GROUP #E81915 | Federal Agency Obligation | 133,066 | 142,013 | ||||
FEDERAL HOME LN MTG CORP PARTN CTF GROUP #G00958 | Federal Agency Obligation | 869,470 | 909,961 | ||||
FEDERAL HOME LN MTG CORP PARTN CTF GROUP #W10001 | Federal Agency Obligation | 320,000 | 346,400 | ||||
FEDERAL HOME LN MTG CORP TBA GOLD 6.500% 01/01/2033 | Federal Agency Obligation | 485,000 | 505,084 | ||||
FEDERAL HOME LOAN MORTGAGE CORP 4.500% DTD 04/15/2002 MAT 04/15/2005 | Federal Agency Obligation | 140,000 | 141,138 | ||||
FEDERAL JUDICIARY OFFICE BLDG DTD 08/03/1988 10.35% 08/03/2018 | Federal Agency Obligation | 325,000 | 510,455 | ||||
FEDERAL NATIONAL MORTGAGE ASSOCIATION 5.500% DTD 23FEB2001 DUE 15FEB2006 | Federal Agency Obligation | 305,000 | 333,499 | ||||
FEDERAL NATIONAL MORTGAGE ASSOCIATION 6.625% DTD 13OCT2000 DUE 15OCT2007 | Federal Agency Obligation | 420,000 | 486,940 | ||||
FEDERAL NATIONAL MORTGAGE ASSOCIATION 7.250% DTD 05MAY2000 DUE 15MAY2030 | Federal Agency Obligation | 140,000 | 175,832 | ||||
FEDERAL NATL MTG ASSN 30YR 5.500% 02/14/2030 | Federal Agency Obligation | 4,665,000 | 4,727,686 | ||||
FEDERAL NATL MTG ASSN 5.375% DTD 11/23/2001 MAT 11/15/2011 | Federal Agency Obligation | 145,000 | 157,643 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #253394 | Federal Agency Obligation | 147,621 | 159,079 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #253635 | Federal Agency Obligation | 293,166 | 311,929 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #253943 | Federal Agency Obligation | 50,206 | 53,068 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #253947 | Federal Agency Obligation | 190,940 | 205,245 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #254261 | Federal Agency Obligation | 696,719 | 735,074 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #509701 | Federal Agency Obligation | 15,644 | 16,638 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #512673 | Federal Agency Obligation | 120,244 | 127,882 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #535988 | Federal Agency Obligation | 486,083 | 511,417 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #535996 | Federal Agency Obligation | 2,558,465 | 2,719,751 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #541427 | Federal Agency Obligation | 220,004 | 231,988 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #545996 | Federal Agency Obligation | 6,627,386 | 6,972,805 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #550791 | Federal Agency Obligation | 25,146 | 26,516 | ||||
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FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #588104 | Federal Agency Obligation | 42,815 | 44,828 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #592889 | Federal Agency Obligation | 467,186 | 489,158 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #612859 | Federal Agency Obligation | 728,202 | 766,156 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #614334 | Federal Agency Obligation | 61,708 | 64,924 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #621398 | Federal Agency Obligation | 301,916 | 317,664 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #627637 | Federal Agency Obligation | 40,139 | 42,348 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #630613 | Federal Agency Obligation | 122,972 | 129,386 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #634503 | Federal Agency Obligation | 315,531 | 332,901 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #640180 | Federal Agency Obligation | 387,832 | 405,894 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #647725 | Federal Agency Obligation | 948,413 | 992,581 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #655114 | Federal Agency Obligation | 234,080 | 248,526 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #F069OB | Federal Agency Obligation | 290,000 | 298,445 | ||||
FEDERAL NATL MTG ASSN GTD MTG PASS THRU CTF POOL #F070PG | Federal Agency Obligation | 710,000 | 728,978 | ||||
FEDERAL NATL MTG ASSN GTD REMIC PASS THRU CTF REMIC TR | Federal Agency Obligation | 205,000 | 209,215 | ||||
FEDERAL NATL MTG ASSN REMIC TR 1997-M5 CL-C | Federal Agency Obligation | 445,000 | 498,836 | ||||
FEDERAL NATL MTG ASSN REMIC TR 2001-51 CL PC | Federal Agency Obligation | 480,000 | 488,856 | ||||
FEDERAL NATL MTG ASSN SER N DTD 05/11/1998 6.000% | Federal Agency Obligation | 905,000 | 1,026,614 | ||||
FEDERAL NATL MTG ASSN TBA 5.500% 01/01/2014 | Federal Agency Obligation | 2,505,000 | 2,588,366 | ||||
FEDERAL NATL MTG ASSN TBA 6.00% 01/01/2030 | Federal Agency Obligation | 4,155,000 | 4,290,038 | ||||
FEDERAL NATL MTG ASSN TBA 6.00% 02/01/2030 | Federal Agency Obligation | 16,000,000 | 16,490,000 | ||||
FEDERAL NATL MTG ASSN TBA 6.500% 01/01/2030 | Federal Agency Obligation | 11,000,000 | 11,450,340 | ||||
FHLMC REMIC SERIES 005 TRANCHE A6 | Federal Agency Obligation | 192,669 | 206,283 | ||||
FHLMC REMIC SERIES SERIES T-42 CLASS A2 | Federal Agency Obligation | 170,000 | 176,941 | ||||
FINANCING CORP BD 9.40% 02/08/2018 | Federal Agency Obligation | 230,000 | 335,871 | ||||
FREDDIE MAC 6.000% DTD 29MAY2002 DUE 25MAY2012 | Federal Agency Obligation | 325,000 | 339,320 | ||||
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION TBA | Federal Agency Obligation | 345,000 | 356,940 | ||||
GOVERNMENT NATL MTG ASSN PASS THRU CTF POOL #569780 | Federal Agency Obligation | 148,647 | 157,645 | ||||
GOVERNMENT NATL MTG ASSN TBA 6.000% 01/25/2030 | Federal Agency Obligation | 660,000 | 686,915 | ||||
GOVERNMENT NATL MTG ASSN TBA 6.500% 01/25/2030 | Federal Agency Obligation | 1,385,000 | 1,447,103 | ||||
GOVERNMENT NATL MTG ASSN TBA 7.000% 01/25/2030 | Federal Agency Obligation | 1,230,000 | 1,297,269 | ||||
GOVERNMENT NATL MTG ASSN TBA 8.000% 01/25/2030 | Federal Agency Obligation | 1,180,000 | 1,267,391 | ||||
STUDENT LN MKTG ASSN 3.375% DTD 06/14/2002 MAT 07/15/2004 | Federal Agency Obligation | 1,145,000 | 1,176,488 | ||||
BRITISH COLUMBIA PROV CDA 4.625% DTD 03OCT2001 DUE 03OCT2006 | Foreign Corporate Debt Obligation | 190,000 | 201,879 | ||||
BRITISH TELECOMMUNICATIONS 7.625% DTD 12DEC2000 DUE 15DEC2005 | Foreign Corporate Debt Obligation | 220,000 | 248,369 | ||||
BURLINGTON RES FIN CO 7.400% DTD 01JUN2002 DUE 01DEC2031 | Foreign Corporate Debt Obligation | 750,000 | 882,795 | ||||
DEUTSCHE TELEKOM INT FIN 9.250% DTD 29MAY2002 DUE 01JUN2032 | Foreign Corporate Debt Obligation | 140,000 | 178,083 | ||||
FRANCE TELECOM SERIES W.I. | Foreign Corporate Debt Obligation | 195,000 | 237,970 | ||||
KOREA DEVELOPMENT BANK 4.250% DTD 13NOV2002 DUE 13NOV2007 | Foreign Corporate Debt Obligation | 70,000 | 70,825 | ||||
PETRONAS CAPITAL LTD SERIES 144A | Foreign Corporate Debt Obligation | 170,000 | 186,398 | ||||
VODAFONE GROUP PLC NOTES | Foreign Corporate Debt Obligation | 1,000,000 | 1,182,140 | ||||
AFRICAN DEV BANK SUB 8.80% 09/01/2019 | Foreign Government Obligation | 125,000 | 166,885 | ||||
INTERNATIONAL BK FOR RECON & DEV US# GLO9BAL NOTE | Foreign Government Obligation | 300,000 | 323,625 | ||||
MEXICAN UNITED STATES 8.000% DTD 24SEP2002 DUE 24SEP2022 | Foreign Government Obligation | 185,000 | 191,475 | ||||
NEW BRUNSWICK(PROVINCE OF),CANADA 3.500% DTD 23OCT2002 DUE 23OCT2007 | Foreign Government Obligation | 260,000 | 264,438 | ||||
NOVA SCOTIA(PROVINCE OF),CANADA 5.750% DTD 26FEB2002 DUE 27FEB2012 | Foreign Government Obligation | 130,000 | 143,125 | ||||
29
ONTAIO PROV CDA DTD 08/04/1995 7.000% 08/04/2005 | Foreign Government Obligation | 310,000 | 345,997 | ||||
QUEBEC PROV CDA 7.500% 09/15/2029 | Foreign Government Obligation | 240,000 | 300,216 | ||||
QUEBEC PROV CDA GLOBAL BD | Foreign Government Obligation | 245,000 | 279,251 | ||||
UNITED MEXICAN STATES 8.300% DTD 13AUG1993 DUE 15AUG2031 | Foreign Government Obligation | 110,000 | 116,600 | ||||
BANK OF AMERICA JENNISON #01-155 | Guaranteed Investment Contract | 101,344,225 | 101,344,225 | ||||
CAISSE DES DEPOTS (CDC) BRIC #240-05 | Guaranteed Investment Contract | 10,022,190 | 10,022,190 | ||||
JACKSON NATIONAL LIFE #G-1171-2 | Guaranteed Investment Contract | 7,024,235 | �� | 7,024,235 | |||
METROPOLITAN LIFE INS CO CONTRACT #28459 | Guaranteed Investment Contract | 98,171,295 | 98,171,295 | ||||
MONUMENTAL LIFE INS CO GIC MDA00273 | Guaranteed Investment Contract | 90,696,654 | 90,696,654 | ||||
MONUMENTAL LIFE INSURANCE CONTRACT#MDA00225TR | Guaranteed Investment Contract | 11,626,952 | 11,626,952 | ||||
MONUMENTAL LIFE GIC# MDA00108 6.630% 01/01/2025 | Guaranteed Investment Contract | 44,908,294 | 44,908,294 | ||||
MORGAN GUARANTY TRUST CO #433122-Z | Guaranteed Investment Contract | 90,119,008 | 90,119,008 | ||||
PRUDENTIAL GA-10025-212 01/31/2003 | Guaranteed Investment Contract | 12,610,520 | 12,610,520 | ||||
STATE STREET BANK & TRUST 99040 4.930% 07/02/2001 | Guaranteed Investment Contract | 139,754,039 | 139,754,039 | ||||
UBS INC CONTRACT #5060 | Guaranteed Investment Contract | 152,906,412 | 152,906,412 | ||||
*QSIP OUTSTANDING LOANS TO PARTICIPANTS | Loans with interest ranging from 4.62% to 11.75%) | 86,837,134 | 86,837,134 | ||||
*BGI MONEY MARKET FUND FOR EBT | Money Market Fund | 71 | 71 | ||||
*BGI EQUITY INDEX FUND F | Pooled Common Stock | 48,197,710 | 574,998,680 | ||||
*CAP GUARDIAN INT'L EQUITY | Pooled Common Stock | 26,942,334 | 190,482,299 | ||||
*MELLON DAILY LIQUIDITY ASSET ALLOCATION FUND | Pooled Common Stock | 542,404 | 44,612,204 | ||||
*PYRAMID DIRECTED ACCOUNT CASH FUND | Pooled Temporary Investment (cost of $105,713,708) | 105,713,708 | 105,713,708 | ||||
U.S. GOVERNMENT TREASURY NOTES 3.000% DTD 30NOV2001 DUE 30NOV2003 | U S Treasury Obligation | 295,000 | 299,794 | ||||
U.S. GOVERNMENT TREASURY NOTES 6.125% DTD 15AUG1997 DUE 15AUG2007 | U S Treasury Obligation | 70,000 | 80,609 | ||||
UNITED STATES TREAS BD BD DTD 11/16/1998 5.250% 11/15/2028 | U S Treasury Obligation | 1,835,000 | 1,922,163 | ||||
UNITED STATES TREAS BD DTD 02/16/1999 5.250% 02/15/2029 | U S Treasury Obligation | 6,810,000 | 7,139,876 | ||||
UNITED STATES TREAS BDS DTD 02/15/1985 11.250% 02/15/2015 | U S Treasury Obligation | 340,000 | 557,600 | ||||
UNITED STATES TREAS BDS DTD 02/15/1986 9.250% 02/15/2016 | U S Treasury Obligation | 795,000 | 1,183,556 | ||||
UNITED STATES TREAS BDS DTD 08/15/1983 12.000% 08/15/2013 | U S Treasury Obligation | 4,860,000 | 7,075,868 | ||||
UNITED STATES TREAS BDS DTD 08/15/1987 8.875% DUE 08/15/2017 | U S Treasury Obligation | 670,000 | 983,225 | ||||
UNITED STATES TREAS BDS DTD 08/15/1989 8.125% 08/15/2019 | U S Treasury Obligation | 1,385,000 | 1,892,689 | ||||
UNITED STATES TREAS BDS DTD 11/15/1988 9.000% 11/15/2018 | U S Treasury Obligation | 135,000 | 201,867 | ||||
UNITED STATES TREAS BDS DTD 11/17/1980 12.750% 11/15/2010 | U S Treasury Obligation | 3,595,000 | 4,653,296 | ||||
UNITED STATES TREAS NOTES DTD 05/15/1995 6.500% 05/15/2005 | U S Treasury Obligation | 100,000 | 111,031 | ||||
UNITED STATES TREAS NTS 2.00% DTD 02DEC2002 DUE 30NOV2004 | U S Treasury Obligation | 620,000 | 625,233 | ||||
UNITED STATES TREAS NTS 2.875% DTD 30JUN2002 DUE 30JUN2004 | U S Treasury Obligation | 150,000 | 153,329 | ||||
UNITED STATES TREAS NTS 3.000% DTD 15NOV2002 DUE 15NOV2007 | U S Treasury Obligation | 705,000 | 714,475 | ||||
UNITED STATES TREAS NTS 3.375% DTD 30APR2002 DUE 30APR2004 | U S Treasury Obligation | 2,435,000 | 2,501,208 | ||||
UNITED STATES TREAS NTS 4.000% DTD 15NOV2002 DUE 15NOV2012 | U S Treasury Obligation | 50,000 | 50,875 | ||||
UNITED STATES TREAS NTS DTD 05/15/1999 5.500% 05/15/2009 | U S Treasury Obligation | 190,000 | 215,946 | ||||
30
UNITED STATES TREAS NTS DTD 11/15/1998 4.750% 11/15/2008 | U S Treasury Obligation | 1,470,000 | 1,561,416 | ||||
UNITED STATES TREAS SEC STRIPPED INT PMT | U S Treasury Obligation | 2,300,000 | 879,727 | ||||
UNITED STATES TREASURY BOND 5.375% DTD 15FEB2001 DUE 15FEB2031 | U S Treasury Obligation | 315,000 | 330,553 | ||||
UNITED STATES TREASURY NOTE 3.500% DTD 15NOV2001 DUE 15NOV2006 | U S Treasury Obligation | 1,310,000 | 1,364,444 | ||||
Self-Directed Personal Choice Retirement Account: | |||||||
*QWEST COMMUNICATIONS INTERNATIONAL INC. | Common Stock | 30,554 | 155,826 | ||||
GOVERNMENT SECURITIES | U. S. Government Obligations | 141,484 | |||||
OTHER MARKETABLE SECURITIES | Various | 86,122,992 | |||||
*PYRAMID DIRECTED ACCOUNT CASH FUND | Pooled Temporary Investment | 32,578 | |||||
Total Investments not including the Plan's Investment in the Master Trust | $ | 2,575,087,427 | |||||
- *
- Represents a party-in-interest
See accompanying independent auditors' report
31
Qwest Savings & Investment Plan
Schedule H, Line 4j—Schedule of Reportable Transactions (a)(b)
For the Year Ended December 30, 2002
Schedule III
Identity of Party Involved | Description of Asset | Purchase Price | Sales Price | Expense Incurred With Transaction | Cost of Asset | Current Value of Asset on Transaction Date | Net Gain or Loss | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
*Deutsche Bank Trust Company | Deutsche Bank Pyramid Directed Account Cash Fund | $ | 1,438,581,041 | $ | — | $ | — | $ | 1,438,581,041 | $ | 1,438,581,041 | $ | — | |||||||
*Deutsche Bank Trust Company | Deutsche Bank Pyramid Directed Account Cash Fund | — | 1,388,235,116 | — | 1,388,235,116 | 1,388,235,116 | — |
- (a)
- Represents a series of transactions in excess of 5% of the fair value of Plan net assets at the beginning of the Plan year.
- (b)
- Includes participant and non-participant directed transactions as non-participant directed information is not separately maintained.
- *
- Represents a party-in-interest.
See accompanying independent auditors' report.
32
Qwest Savings & Investment Plan
Schedule G, Part III — Schedule of Nonexempt Transactions
For the Year Ended December 30, 2002
Schedule IV
Identity of Party Involved | Relationship to Plan, Employer Or Other Party-In- Interest | Description of Transactions | Transaction Amount | |||||
---|---|---|---|---|---|---|---|---|
*Qwest Communications International Inc. | Plan Sponsor | Employee contributions not timely remitted to the Plan for certain pay periods in January through April 2002. Corrected and remitted on December 20, 2002 | $ | 36,230(a | ) | |||
*Qwest Communications International Inc. | Plan Sponsor | Employee contributions not timely remitted to the Plan for certain pay periods in January 2002. Corrected and remitted on March 8, 2002 | 99 (b | ) | ||||
*Qwest Communications International Inc. | Plan Sponsor | Employee contributions not timely remitted to the Plan for certain pay periods in February 2002. Corrected and remitted on April 5, 2002 | 86 (b | ) | ||||
*Qwest Communications International Inc. | Plan Sponsor | Employee contributions not timely remitted to the Plan for certain pay periods in April 2002. Corrected and remitted on May 24, 2002 | 375 (b | ) | ||||
*Qwest Communications International Inc. | Plan Sponsor | Employee contributions not timely remitted to the Plan for certain pay periods in April 2002. Corrected and remitted on June 7, 2002 | 81 (b | ) | ||||
*Qwest Communications International Inc. | Plan Sponsor | Employee contributions not timely remitted to the Plan for certain pay periods in June 2002. Corrected and remitted on August 16, 2002 | 48 (b | ) | ||||
*Qwest Communications International Inc. | Plan Sponsor | Employee contributions not timely remitted to the Plan for certain pay periods in June and July 2002. Corrected and remitted on August 30, 2002 | 4,394 (b | ) | ||||
*Qwest Communications International Inc. | Plan Sponsor | Employee contributions not timely remitted to the Plan for certain pay periods in January, April, and June 2002. Corrected and remitted on October 11, 2002 | 283 (b | ) | ||||
*Qwest Communications International Inc. | Plan Sponsor | Employee contributions not timely remitted to the Plan for certain pay periods in July and October 2002. Corrected and remitted on November 22, 2002 | 4,307 (b | ) | ||||
*Qwest Communications International Inc. | Plan Sponsor | Employee contributions not timely remitted to the Plan for certain pay periods in February and November 2002. Corrected and remitted on January 3, 2003 | 32,174 (b | ) | ||||
*Qwest Communications International Inc. | Plan Sponsor | Employee contributions not timely remitted to the Plan for certain pay periods in February, June, November, and December 2002 have not been corrected or remitted. | 6,125 (b | ) |
- (a)
- Interest was calculated at the corporate federal underpayment rate for the period of time the employer had control of the funds and is not included in the transaction amount. Total interest remitted to the participants was $2,717.
- (b)
- Interest was calculated at the corporate federal underpayment rate for the period of time the employer had control of the funds and is not included in the transaction amount. Total interest due the participants is $561.
- *
- Represents a party-in-interest.
See accompanying independent auditors' report.
33
Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
Qwest Savings & Investment Plan
6/30/2003 Date | /s/ OREN G. SHAFFER Oren G. Shaffer Authorized Representative |
34