SECURITIES AND EXCHANGE COMMISSION
|
|||
Washington, D.C. 20549
|
|||
(Mark One)
|
|||
FORM 11-K
|
|||
☒
|
ANNUAL REPORT PURSUANT TO SECTION 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
|
||
For the fiscal year ended December 31, 2014
|
|||
OR
|
|||
☐
|
TRANSITION REPORT PURSUANT TO SECTION 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
|
||
For the transition period from to
|
|||
Commission File Number:1-8610
|
|||
A. Full title of the plan and the address of the plan, if different from that of the issuer named below:
|
|||
BELLSOUTH SAVINGS AND SECURITY PLAN
|
|||
B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
|
|||
AT&T INC.
|
|||
208 S. Akard, Dallas, Texas 75202
|
Financial Statements, Supplemental Schedule and Exhibit
|
|
Table of Contents
|
|
Page
|
|
Report of Independent Registered Public Accounting Firm
|
1
|
Financial Statements:
|
|
Statements of Net Assets Available for Benefits as of December 31, 2014 and 2013
|
2
|
Statement of Changes in Net Assets Available for Benefits for the Year Ended December 31, 2014
|
3
|
Notes to Financial Statements
|
4
|
Supplemental Schedule:
|
|
Schedule H, Line 4(i) – Schedule of Assets (Held at End of Year) as of December 31, 2014
|
20
|
Exhibit:
|
|
23 – Consent of Independent Registered Public Accounting Firm
|
27
|
Dallas, Texas
|
/s/ Ernst & Young LLP
|
June 19, 2015
|
|
BELLSOUTH SAVINGS AND SECURITY PLAN
|
||||||||
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
|
||||||||
(Dollars in Thousands)
|
||||||||
December 31,
|
||||||||
2014
|
2013
|
|||||||
ASSETS
|
||||||||
Investment in AT&T Savings Group Investment Trust
|
$
|
655,158
|
$
|
708,324
|
||||
Investments, at fair value
|
1,698,911
|
1,712,407
|
||||||
Total Investments, at fair value (See Note 4)
|
2,354,069
|
2,420,731
|
||||||
Notes receivable from participants
|
64,110
|
60,670
|
||||||
Participant contributions receivable
|
-
|
395
|
||||||
Employer contributions receivable
|
-
|
184
|
||||||
Interest receivable
|
458
|
331
|
||||||
Total Receivables
|
64,568
|
61,580
|
||||||
Total Assets
|
2,418,637
|
2,482,311
|
||||||
LIABILITIES
|
||||||||
Administrative expenses payable
|
801
|
905
|
||||||
Due to broker for securities purchased
|
27,276
|
55,374
|
||||||
Total Liabilities
|
28,077
|
56,279
|
||||||
Net assets reflecting investments at fair value
|
2,390,560
|
2,426,032
|
||||||
Adjustment from fair value to contract value for fully benefit- responsive
investment contracts
|
(22,337
|
)
|
(22,358
|
)
|
||||
Net Assets Available for Benefits
|
$
|
2,368,223
|
$
|
2,403,674
|
||||
See Notes to Financial Statements.
|
BELLSOUTH SAVINGS AND SECURITY PLAN
|
||||
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
|
||||
FOR THE YEAR ENDED DECEMBER 31, 2014
|
||||
(Dollars in Thousands)
|
||||
Net Assets Available for Benefits, December 31, 2013
|
$
|
2,403,674
|
||
Additions to Net Assets:
|
||||
Contributions:
|
||||
Participant contributions
|
67,514
|
|||
Employer contributions
|
26,802
|
|||
Rollover contributions
|
10,179
|
|||
104,495
|
||||
Investment Income:
|
||||
Net income from investment in AT&T Savings Group Investment Trust
|
15,100
|
|||
Interest
|
1,930
|
|||
Dividends
|
61,925
|
|||
Net appreciation in fair value of investments
|
35,538
|
|||
114,493
|
||||
Interest income on notes receivable from participants
|
2,544
|
|||
Total Additions
|
221,532
|
|||
Deductions from Net Assets:
|
||||
Distributions
|
255,779
|
|||
Administrative expenses
|
1,169
|
|||
Total Deductions
|
256,948
|
|||
Net decrease
|
(35,416
|
)
|
||
Transfers to affiliated plan (Note 1)
|
(35
|
)
|
||
Net Assets Available for Benefits, December 31, 2014
|
$
|
2,368,223
|
||
See Notes to Financial Statements.
|
● |
AT&T Shares Fund
|
● |
DFA U.S. Small Cap Value Portfolio
|
● |
Bond Fund
|
● |
DFA International Value Portfolio II
|
● |
Vanguard Growth Index Fund
|
● |
DFA U.S. Large Cap Value Portfolio II
|
● |
Fidelity Growth and Income Portfolio
|
● |
T. Rowe Price Mid-Cap Growth Fund
|
● |
Balanced Fund
|
● |
Interest Income Fund (known as the AT&T Stable Value Fund) *
|
● |
LifePath Funds (based on retirement date)
|
● |
Indexed Stock Fund
|
Level 1 | Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Plan has the ability to access. |
Level 2 | Inputs to the valuation methodology include: |
●
|
Quoted prices for similar assets and liabilities in active markets;
|
●
|
Quoted prices for identical or similar assets or liabilities in inactive markets;
|
●
|
Inputs other than quoted market prices that are observable for the asset or liability;
|
●
|
Inputs that are derived principally from or corroborated by observable market data by correlation or other means.
|
Level 3 | Inputs to the valuation methodology are unobservable and significant to the fair value measurement. |
2014
|
2013
|
||||||
AT&T Shares Fund (AT&T common shares)
|
$
|
462,710
|
$
|
507,862
|
|||
T. Rowe Price Mid-Cap Growth Fund
|
248,924
|
231,147
|
|||||
DFA U.S. Small Cap Value Portfolio
|
166,012
|
177,193
|
|||||
DFA U.S. Large Cap Value Portfolio
|
154,382
|
145,711
|
|||||
Northern Trust Index Stock Fund
|
148,353
|
133,949
|
Common stock
|
$
|
(20,943
|
)
|
|
Registered investment companies
|
28,793
|
|||
Common/collective trust funds
|
24,807
|
|||
Fixed income securities
|
2,881
|
|||
Total
|
$
|
35,538
|
|
Plan Assets at Fair Value as of December 31, 2014
|
||||||||||||||
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|||||||||||
Interest bearing cash
|
$
|
2,617
|
$
|
-
|
$
|
-
|
$
|
2,617
|
|||||||
Short term investments
|
9,665
|
-
|
-
|
9,665
|
|||||||||||
Blended equity & debt1
|
-
|
94,276
|
-
|
94,276
|
|||||||||||
U.S. equity securities:
|
|||||||||||||||
AT&T common stock
|
462,710
|
-
|
-
|
462,710
|
|||||||||||
Index stock fund2
|
-
|
148,353
|
-
|
148,353
|
|||||||||||
Futures
|
30
|
-
|
-
|
30
|
|||||||||||
Mutual funds – large cap
|
317,799
|
-
|
-
|
317,799
|
|||||||||||
Mutual funds – mid cap
|
365,742
|
-
|
-
|
365,742
|
|||||||||||
Mutual funds – small cap
|
166,012
|
-
|
-
|
166,012
|
|||||||||||
Fixed income securities:
|
|||||||||||||||
Bond index fund3
|
-
|
18,872
|
-
|
18,872
|
|||||||||||
Short term investments
|
1,807
|
20,256
|
-
|
22,063
|
|||||||||||
Corporate debt instruments:
|
|||||||||||||||
Asset backed securities
|
-
|
3,530
|
-
|
3,530
|
|||||||||||
Commercial mortgage backed securities
|
-
|
3,643
|
-
|
3,643
|
|||||||||||
Collateralized mortgage obligations
|
-
|
1,359
|
-
|
1,359
|
|||||||||||
Other corporate debt instruments
|
-
|
20,007
|
-
|
20,007
|
|||||||||||
U.S. government securities:
|
|||||||||||||||
Asset backed securities
|
-
|
5,057
|
-
|
5,057
|
|||||||||||
Other U.S. government securities
|
-
|
57,176
|
-
|
57,176
|
|||||||||||
Total assets at fair value
|
$
|
1,326,382
|
$
|
372,529
|
$
|
-
|
$
|
1,698,911
|
|
Plan Assets at Fair Value as of December 31, 2013
|
|||||||||||||||
|
Level 1
|
Level 2
|
Level 3
|
Total
|
||||||||||||
Interest bearing cash
|
$
|
1,985
|
$
|
-
|
$
|
-
|
$
|
1,985
|
||||||||
Short term investments
|
7,552
|
-
|
-
|
7,552
|
||||||||||||
Blended equity & debt1
|
-
|
77,637
|
-
|
77,637
|
||||||||||||
U.S. equity securities:
|
||||||||||||||||
AT&T common stock
|
507,862
|
-
|
-
|
507,862
|
||||||||||||
Index stock fund2
|
-
|
133,949
|
-
|
133,949
|
||||||||||||
Futures
|
86
|
-
|
-
|
86
|
||||||||||||
Mutual funds – large cap
|
314,922
|
-
|
-
|
314,922
|
||||||||||||
Mutual funds – mid cap
|
331,349
|
-
|
-
|
331,349
|
||||||||||||
Mutual funds – small cap
|
177,193
|
-
|
-
|
177,193
|
||||||||||||
Fixed income securities:
|
||||||||||||||||
Bond index fund3
|
-
|
16,204
|
-
|
16,204
|
||||||||||||
Short term investments
|
1,606
|
48,891
|
-
|
50,497
|
||||||||||||
Futures
|
(34
|
)
|
-
|
-
|
(34
|
)
|
||||||||||
Corporate debt instruments:
|
||||||||||||||||
Asset backed securities
|
-
|
2,629
|
-
|
2,629
|
||||||||||||
Commercial mortgage backed securities
|
-
|
3,981
|
-
|
3,981
|
||||||||||||
Collateralized mortgage obligations
|
-
|
4,593
|
-
|
4,593
|
||||||||||||
Other corporate debt instruments
|
-
|
19,122
|
-
|
19,122
|
||||||||||||
U.S. government securities:
|
||||||||||||||||
Asset backed securities
|
-
|
6,408
|
-
|
6,408
|
||||||||||||
Other U.S. government securities
|
-
|
56,472
|
-
|
56,472
|
||||||||||||
Total assets at fair value
|
$
|
1,342,521
|
$
|
369,886
|
$
|
-
|
$
|
1,712,407
|
December 31,
|
||||||||
2014
|
2013
|
|||||||
AT&T Master Trust
|
94.2
|
%
|
94.0
|
%
|
||||
BellSouth Savings and Security Plan
|
5.8
|
%
|
6.0
|
%
|
||||
Total
|
100.0
|
%
|
100.0
|
%
|
AT&T Total
Return Bond
Fund
|
AT&T U.S.
Stock Fund
|
AT&T
International
Stock Fund
|
AT&T
Stable Value
Fund
|
Group
Trust
|
||||||||||||||||
Interest bearing cash
|
$
|
-
|
$
|
-
|
$
|
240
|
$
|
-
|
$
|
240
|
||||||||||
Common/collective trust
funds
|
-
|
1,578,118
|
184,860
|
-
|
1,762,978
|
|||||||||||||||
103-12 investment entities
|
-
|
-
|
171,733
|
-
|
171,733
|
|||||||||||||||
Equities - common stock
|
-
|
1,196,545
|
155,379
|
-
|
1,351,924
|
|||||||||||||||
Equities - preferred stock
|
-
|
-
|
679
|
-
|
679
|
|||||||||||||||
Publicly traded
partnerships
|
-
|
5,078
|
-
|
-
|
5,078
|
|||||||||||||||
Registered investment
companies
|
1,347,889
|
46,394
|
2,611
|
348
|
1,397,242
|
|||||||||||||||
Investment contracts
(at fair value):
|
||||||||||||||||||||
Synthetic GICs:
|
||||||||||||||||||||
Interest bearing cash
|
-
|
-
|
-
|
202,747
|
202,747
|
|||||||||||||||
Corporate and other
bonds and notes
|
-
|
-
|
-
|
3,119,328
|
3,119,328
|
|||||||||||||||
Registered investment
companies
|
-
|
-
|
-
|
177,100
|
177,100
|
|||||||||||||||
Futures
|
-
|
-
|
-
|
(4,386
|
)
|
(4,386
|
)
|
|||||||||||||
Government securities
|
-
|
-
|
-
|
3,506,629
|
3,506,629
|
|||||||||||||||
Wrapper contracts
|
-
|
-
|
-
|
2,187
|
2,187
|
|||||||||||||||
Group Trust investments
at fair value
|
1,347,889
|
2,826,135
|
515,502
|
7,003,953
|
11,693,479
|
|||||||||||||||
Unsettled trades and other
|
3,351
|
(1,329
|
)
|
703
|
(309,906
|
)
|
(307,181
|
)
|
||||||||||||
Adjustment from fair value
to contract value for fully
benefit-responsive
investment contracts
|
-
|
-
|
-
|
(228,202
|
)
|
(228,202
|
)
|
|||||||||||||
Group Trust net assets
|
$
|
1,351,240
|
$
|
2,824,806
|
$
|
516,205
|
$
|
6,465,845
|
$
|
11,158,096
|
||||||||||
Plan's percentage
ownership interest
of investments
|
-
|
%
|
-
|
%
|
-
|
%
|
9.8
|
%
|
5.8
|
%
|
AT&T Total
Return Bond
Fund
|
AT&T U.S.
Stock Fund
|
AT&T
International
Stock Fund
|
AT&T
Stable Value
Fund
|
Group
Trust
|
||||||||||||||||
Interest bearing cash
|
$
|
-
|
$
|
23
|
$
|
1,296
|
$
|
-
|
$
|
1,319
|
||||||||||
Common/collective trust
funds
|
-
|
1,512,062
|
229,803
|
-
|
1,741,865
|
|||||||||||||||
103-12 investment entities
|
-
|
-
|
138,057
|
-
|
138,057
|
|||||||||||||||
Equities - common stock
|
-
|
1,201,614
|
196,459
|
-
|
1,398,073
|
|||||||||||||||
Registered investment
companies
|
1,335,665
|
47,894
|
3,040
|
547
|
1,387,146
|
|||||||||||||||
Investment contracts
(at fair value):
|
||||||||||||||||||||
Synthetic GICs:
|
||||||||||||||||||||
Interest bearing cash
|
-
|
-
|
-
|
64,786
|
64,786
|
|||||||||||||||
Corporate and other
bonds and notes
|
-
|
-
|
-
|
2,822,138
|
2,822,138
|
|||||||||||||||
Registered investment
companies
|
-
|
-
|
-
|
445,505
|
445,505
|
|||||||||||||||
Futures
|
-
|
-
|
-
|
1,838
|
1,838
|
|||||||||||||||
Government securities
|
-
|
-
|
-
|
4,103,615
|
4,103,615
|
|||||||||||||||
Wrapper contracts
|
-
|
-
|
-
|
2,099
|
2,099
|
|||||||||||||||
Group Trust investments
at fair value
|
1,335,665
|
2,761,593
|
568,655
|
7,440,528
|
12,106,441
|
|||||||||||||||
Unsettled trades and other
|
3,010
|
(992
|
)
|
332
|
(367,265
|
)
|
(364,915
|
)
|
||||||||||||
Adjustment from fair value
to contract value for fully
benefit-responsive
investment contracts
|
-
|
-
|
-
|
(223,260
|
)
|
(223,260
|
)
|
|||||||||||||
Group Trust net assets
|
$
|
1,338,675
|
$
|
2,760,601
|
$
|
568,987
|
$
|
6,850,003
|
$
|
11,518,266
|
||||||||||
Plan's percentage
ownership interest
of investments
|
-
|
%
|
-
|
%
|
-
|
%
|
10.0
|
%
|
6.0
|
%
|
AT&T Total
Return Bond
Fund
|
AT&T U.S.
Stock Fund
|
AT&T
International
Stock Fund
|
AT&T
Stable Value
Fund
|
Group
Trust
|
||||||||||||||||
Interest bearing cash
|
$
|
-
|
$
|
-
|
$
|
(19,577
|
)
|
$
|
-
|
$
|
(19,577
|
)
|
||||||||
Common/collective
trust funds
|
-
|
124,380
|
(32,574
|
)
|
-
|
91,806
|
||||||||||||||
103-12 investment entities
|
-
|
-
|
(13,893
|
)
|
-
|
(13,893
|
)
|
|||||||||||||
Equities
|
-
|
136,078
|
40,079
|
-
|
176,157
|
|||||||||||||||
Publicly traded
partnerships
|
-
|
(41
|
)
|
-
|
-
|
(41
|
)
|
|||||||||||||
Registered investment
companies
|
32,025
|
-
|
-
|
-
|
32,025
|
|||||||||||||||
Total net appreciation/
(depreciation) in
fair value of Group
Trust Investments
|
$
|
32,025
|
$
|
260,417
|
$
|
(25,965
|
)
|
$
|
-
|
$
|
266,477
|
|||||||||
Investment income:
|
||||||||||||||||||||
Interest
|
$
|
-
|
$
|
93
|
$
|
2,301
|
$
|
159,255
|
$
|
161,649
|
||||||||||
Dividends
|
50,674
|
17,399
|
5,426
|
-
|
73,499
|
|||||||||||||||
Total investment
income of Group
Trust Investments
|
$
|
50,674
|
$
|
17,492
|
$
|
7,727
|
$
|
159,255
|
$
|
235,148
|
|
Group Trust Assets and Liabilities at Fair Value
|
|||||||||||||||
|
December 31, 2014
|
|||||||||||||||
|
Level 1
|
Level 2
|
Level 3
|
Total
|
||||||||||||
Interest bearing cash
|
$
|
240
|
$
|
-
|
$
|
-
|
$
|
240
|
||||||||
U.S. equity securities:
|
||||||||||||||||
U.S. common stock:
|
||||||||||||||||
Large cap
|
292,128
|
-
|
-
|
292,128
|
||||||||||||
Small cap
|
806,365
|
-
|
-
|
806,365
|
||||||||||||
Common stock – registered investment companies
|
46,394
|
-
|
-
|
46,394
|
||||||||||||
Common/collective trusts1
|
-
|
1,578,118
|
-
|
1,578,118
|
||||||||||||
International equity securities:
|
||||||||||||||||
Common stock
|
259,188
|
-
|
-
|
259,188
|
||||||||||||
Common stock – registered investment companies
|
2,611
|
-
|
-
|
2,611
|
||||||||||||
Common/collective trusts2
|
-
|
184,860
|
-
|
184,860
|
||||||||||||
103-12 investment entities3
|
-
|
171,733
|
-
|
171,733
|
||||||||||||
Fixed income securities:
|
||||||||||||||||
Blackrock mutual fund
|
220,451
|
-
|
-
|
220,451
|
||||||||||||
WAMCO mutual fund
|
690,557
|
-
|
-
|
690,557
|
||||||||||||
PIMCO total return mutual fund
|
436,881
|
-
|
-
|
436,881
|
||||||||||||
Stable Value Fund:
|
||||||||||||||||
Common stock – registered investment companies
|
348
|
-
|
-
|
348
|
||||||||||||
Synthetic GICs:
|
||||||||||||||||
Interest bearing cash
|
-
|
202,747
|
-
|
202,747
|
||||||||||||
Corporate and other bonds and notes:
|
||||||||||||||||
U.S. corporate bonds and notes
|
-
|
1,619,877
|
-
|
1,619,877
|
||||||||||||
International corporate bonds and notes
|
-
|
652,716
|
-
|
652,716
|
||||||||||||
Asset-backed securities
|
-
|
517,972
|
-
|
517,972
|
||||||||||||
Collateralized mortgage obligations
|
-
|
15,487
|
-
|
15,487
|
||||||||||||
Commercial mortgage-backed securities
|
-
|
313,276
|
-
|
313,276
|
||||||||||||
Short term investment funds - registered
investment companies
|
177,100
|
-
|
-
|
177,100
|
||||||||||||
Futures
|
(4,386
|
)
|
-
|
-
|
(4,386
|
)
|
||||||||||
Government securities:
|
||||||||||||||||
U.S. government4
|
130,509
|
3,296,668
|
-
|
3,427,177
|
||||||||||||
Municipals
|
-
|
14,443
|
-
|
14,443
|
||||||||||||
Non U.S. government
|
-
|
65,009
|
-
|
65,009
|
||||||||||||
Wrapper contracts
|
-
|
2,187
|
-
|
2,187
|
||||||||||||
Total assets and liabilities at fair value
|
$
|
3,058,386
|
$
|
8,635,093
|
$
|
-
|
$
|
11,693,479
|
|
Group Trust Assets and Liabilities at Fair Value
|
||||||||||||||
|
December 31, 2013
|
||||||||||||||
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|||||||||||
Interest bearing cash
|
$
|
1,319
|
$
|
-
|
$
|
-
|
$
|
1,319
|
|||||||
U.S. equity securities:
|
|||||||||||||||
U.S. common stock:
|
|||||||||||||||
Large cap
|
227,834
|
-
|
-
|
227,834
|
|||||||||||
Small cap
|
852,555
|
-
|
-
|
852,555
|
|||||||||||
Common stock – registered investment companies
|
47,894
|
-
|
-
|
47,894
|
|||||||||||
Common/collective trusts1
|
-
|
1,512,062
|
-
|
1,512,062
|
|||||||||||
International equity securities:
|
|||||||||||||||
Common stock
|
317,684
|
-
|
-
|
317,684
|
|||||||||||
Common stock – registered investment companies
|
3,040
|
-
|
-
|
3,040
|
|||||||||||
Common/collective trusts2
|
-
|
229,803
|
-
|
229,803
|
|||||||||||
103-12 investment entities3
|
-
|
138,057
|
-
|
138,057
|
|||||||||||
Fixed income securities:
|
|||||||||||||||
Blackrock mutual fund
|
206,442
|
-
|
-
|
206,442
|
|||||||||||
WAMCO mutual fund
|
641,220
|
-
|
-
|
641,220
|
|||||||||||
PIMCO total return mutual fund
|
488,003
|
-
|
-
|
488,003
|
|||||||||||
Stable Value Fund:
|
|||||||||||||||
Common stock – registered investment companies
|
547
|
-
|
-
|
547
|
|||||||||||
Synthetic GICs:
|
|||||||||||||||
Interest bearing cash
|
-
|
64,786
|
-
|
64,786
|
|||||||||||
Corporate and other bonds and notes:
|
|||||||||||||||
U.S. corporate bonds and notes
|
-
|
1,352,483
|
-
|
1,352,483
|
|||||||||||
International corporate bonds and notes
|
-
|
558,259
|
-
|
558,259
|
|||||||||||
Asset-backed securities
|
-
|
499,805
|
-
|
499,805
|
|||||||||||
Collateralized mortgage obligations
|
-
|
39,771
|
-
|
39,771
|
|||||||||||
Commercial mortgage-backed securities
|
-
|
371,820
|
-
|
371,820
|
|||||||||||
Short term investment funds - registered
investment companies
|
445,505
|
-
|
-
|
445,505
|
|||||||||||
Futures
|
1,838
|
-
|
-
|
1,838
|
|||||||||||
Government securities:
|
|||||||||||||||
U.S. government4
|
275,472
|
3,765,724
|
-
|
4,041,196
|
|||||||||||
Municipals
|
-
|
23,591
|
-
|
23,591
|
|||||||||||
Non U.S. government
|
-
|
38,828
|
-
|
38,828
|
|||||||||||
Wrapper contracts
|
-
|
2,099
|
-
|
2,099
|
|||||||||||
Total assets and liabilities at fair value
|
$
|
3,509,353
|
$
|
8,597,088
|
$
|
-
|
$
|
12,106,441
|
Year Ended
|
||||
December 31, 2014
|
||||
Futures contracts
|
$
|
(4,386
|
)
|
|
Forward foreign currency exchange rate contracts
|
$
|
607
|
Year Ended
|
||||
December 31, 2014
|
||||
Futures contracts
|
$
|
862
|
Type of Contract
|
Number of
Contracts
Buy/(Sell)
|
Expiration
|
Notional
Value
|
Fair Value
|
||||||||||||
U.S. Treasury Bond Future
|
(14
|
)
|
3/2015
|
$
|
(2,024
|
)
|
$
|
(62
|
)
|
|||||||
U.S. Treasury Bond Future
|
(183
|
)
|
3/2015
|
(26,455
|
)
|
(719
|
)
|
|||||||||
U.S. Treasury Bond Future
|
(72
|
)
|
3/2015
|
(10,409
|
)
|
(166
|
)
|
|||||||||
U.S. Treasury Bond Future
|
(287
|
)
|
3/2015
|
(41,489
|
)
|
(1,274
|
)
|
|||||||||
U.S. 10-Year Treasury Note Future
|
218
|
3/2015
|
27,642
|
173
|
||||||||||||
U.S. 10-Year Treasury Note Future
|
(192
|
)
|
3/2015
|
(24,345
|
)
|
(28
|
)
|
|||||||||
U.S. 10-Year Treasury Note Future
|
304
|
3/2015
|
38,546
|
216
|
||||||||||||
U.S. 5-Year Treasury Note Future
|
632
|
3/2015
|
75,164
|
65
|
||||||||||||
U.S. 5-Year Treasury Note Future
|
253
|
3/2015
|
30,089
|
4
|
||||||||||||
U.S. 5-Year Treasury Note Future
|
(30
|
)
|
3/2015
|
(3,568
|
)
|
(5
|
)
|
|||||||||
U.S. 2-Year Treasury Note Future
|
40
|
3/2015
|
8,744
|
(1
|
)
|
|||||||||||
U.S. 2-Year Treasury Note Future
|
446
|
3/2015
|
97,493
|
(114
|
)
|
|||||||||||
U.S. 2-Year Treasury Note Future
|
(626
|
)
|
3/2015
|
(136,840
|
)
|
157
|
||||||||||
U.S. Ultra Bond Future
|
20
|
3/2015
|
3,304
|
50
|
||||||||||||
U.S. Ultra Bond Future
|
(117
|
)
|
3/2015
|
(19,327
|
)
|
(947
|
)
|
|||||||||
U.S. Ultra Bond Future
|
(224
|
)
|
3/2015
|
(37,002
|
)
|
(1,554
|
)
|
|||||||||
U.S. Ultra Bond Future
|
(22
|
)
|
3/2015
|
(3,634
|
)
|
(182
|
)
|
|||||||||
Total
|
$
|
(24,111
|
)
|
$
|
(4,387
|
)
|
Type of Contract
|
Number of
Contracts
Buy/(Sell)
|
Expiration
|
Notional
Value
|
Fair Value
|
||||||||||||
90 Day Eurodollar Future
|
18
|
6/2016
|
$
|
4,430
|
$
|
(8
|
)
|
|||||||||
90 Day Eurodollar Future
|
(130
|
)
|
9/2015
|
(32,232
|
)
|
15
|
||||||||||
90 Day Eurodollar Future
|
9
|
9/2016
|
2,214
|
(10
|
)
|
|||||||||||
90 Day Eurodollar Future
|
130
|
9/2016
|
31,929
|
(97
|
)
|
|||||||||||
U.S. Treasury Bond Future
|
(277
|
)
|
3/2014
|
(36,216
|
)
|
673
|
||||||||||
U.S. Treasury Bond Future
|
(203
|
)
|
3/2014
|
(26,609
|
)
|
561
|
||||||||||
U.S. Treasury Bond Future
|
(101
|
)
|
3/2014
|
(13,129
|
)
|
169
|
||||||||||
U.S. Treasury Bond Future
|
120
|
3/2014
|
15,530
|
(133
|
)
|
|||||||||||
U.S. 10-Year Treasury Note Future
|
(72
|
)
|
3/2014
|
(9,017
|
)
|
157
|
||||||||||
U.S. 10-Year Treasury Note Future
|
40
|
3/2014
|
4,926
|
(4
|
)
|
|||||||||||
U.S. 10-Year Treasury Note Future
|
114
|
3/2014
|
14,185
|
(158
|
)
|
|||||||||||
U.S. 5-Year Treasury Note Future
|
74
|
3/2014
|
8,887
|
(58
|
)
|
|||||||||||
U.S. 5-Year Treasury Note Future
|
128
|
3/2014
|
15,295
|
(23
|
)
|
|||||||||||
U.S. 5-Year Treasury Note Future
|
222
|
3/2014
|
26,706
|
(219
|
)
|
|||||||||||
U.S. 2-Year Treasury Note Future
|
(312
|
)
|
3/2014
|
(68,646
|
)
|
64
|
||||||||||
U.S. 2-Year Treasury Note Future
|
51
|
3/2014
|
11,210
|
-
|
||||||||||||
U.S. Ultra Bond Future
|
(216
|
)
|
3/2014
|
(29,874
|
)
|
445
|
||||||||||
U.S. Ultra Bond Future
|
(94
|
)
|
3/2014
|
(13,116
|
)
|
309
|
||||||||||
U.S. Ultra Bond Future
|
(68
|
)
|
3/2014
|
(9,415
|
)
|
150
|
||||||||||
U.S. Ultra Bond Future
|
(30
|
)
|
3/2014
|
(4,092
|
)
|
5
|
||||||||||
Total
|
$
|
(107,034
|
)
|
$
|
1,838
|
Type of Contract
|
Number of
Contracts
Buy/(Sell)
|
Expiration
|
Notional
Value
|
Fair
Value
|
|||||||||||
S&P e-mini 500 Index Futures U.S.
|
19
|
3/2015
|
$
|
1,950
|
$
|
30
|
|||||||||
U.S. Treasury Bond Future
|
29
|
3/2015
|
3,677
|
-
|
|||||||||||
Total
|
$
|
5,627
|
$
|
30
|
Type of Contract
|
Number of
Contracts
Buy/(Sell)
|
Expiration
|
Notional
Value
|
Fair
Value
|
||||||||||||
S&P e-mini 500 Index Futures U.S.
|
26
|
3/2014
|
$
|
2,393
|
$
|
86
|
||||||||||
U.S. Treasury Bond Future
|
21
|
3/2014
|
2,584
|
(34
|
)
|
|||||||||||
Total
|
$
|
4,977
|
$
|
52
|
Notional Value
|
Fair Value
|
||||||||||||||
2014
|
2013
|
2014
|
2013
|
||||||||||||
Derivative assets
|
$
|
64
|
$
|
1,256
|
$
|
-
|
$
|
1
|
|||||||
Derivative liabilities
|
$
|
64
|
$
|
1,289
|
$
|
-
|
$
|
(12
|
)
|
2014
|
2013
|
|||||||
Net Assets Available for Benefits per the financial statements
|
$
|
2,368,223
|
$
|
2,403,674
|
||||
Adjustment from contract value to fair value for fully benefit-responsive
investment contracts
|
22,337
|
22,358
|
||||||
Distributions payable to participants
|
(800
|
)
|
(382
|
)
|
||||
Net Assets Available for Benefits per the Form 5500
|
$
|
2,389,760
|
$
|
2,425,650
|
Distributions to participants per the financial statements
|
$
|
255,779
|
|
Distributions payable to participants at December 31, 2013
|
(382
|
)
|
|
Distributions payable to participants at December 31, 2014
|
800
|
||
Distributions to participants per the Form 5500
|
$
|
256,197
|
Total additions per the financial statements
|
$
|
221,532
|
|
Adjustment from contract value to fair value for fully benefit-responsive investment
|
|||
contracts at December 31, 2014
|
22,337
|
||
Adjustment from contract value to fair value for fully benefit-responsive investment
|
|||
contracts at December 31, 2013
|
(22,358
|
)
|
|
Total income per the Form 5500
|
$
|
221,511
|
|
Fully benefit-responsive contracts are recorded on the Form 5500 at fair value versus contract value on the financial statements.
|
BELLSOUTH SAVINGS AND SECURITY PLAN
|
EIN 58-1533433, PLAN NO. 004
|
SCHEDULE H, LINE 4(i) - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
|
December 31, 2014
|
(Dollars in Thousands)
|
Identity of Issue
|
Description of Investment
|
Current Value
|
Indexed Stock Fund
|
|||||
NORTHERN TRUST S&P 500 INDEX
STOCK FUND
|
COMMON/COLLECTIVE TRUST FUND: 18,003 UNITS
|
$
|
119,216
|
||
Balanced Fund
|
|||||
*
|
DREYFUS GOVERNMENT CASH
MANAGEMENT FUND
|
REGISTERED INVESTMENT COMPANY: 5,162,282 UNITS
|
5,162
|
||
US TREASURY BILL
|
03/05/2015 DD 03/06/14
|
200
|
|||
US TREASURY BILL
|
05/28/2015 DD 05/29/14
|
712
|
|||
FUTURES CONTRACT
|
S&P 500 E-MINI INDEX FUTURE EXP MAR 15
|
30
|
|||
NORTHERN TRUST S&P 500 INDEX
STOCK FUND
|
COMMON/COLLECTIVE TRUST FUND: 4,400 UNITS
|
29,137
|
|||
NORTHERN TRUST QM AGGREGATE
BOND INDEX FUND
|
COMMON/COLLECTIVE TRUST FUND: 37,569 UNITS
|
18,872
|
|||
Total Balanced Fund
|
54,113
|
||||
Registered Investment Companies
|
|||||
*
|
FIDELITY GROWTH AND INCOME
PORTFOLIO
|
REGISTERED INVESTMENT COMPANY: 2,493,031 UNITS
|
75,265
|
||
VANGUARD GROWTH INDEX
FUND
|
REGISTERED INVESTMENT COMPANY: 2,175,376 UNITS
|
116,818
|
|||
DFA U.S. LARGE CAP VALUE
PORTFOLIO II
|
REGISTERED INVESTMENT COMPANY: 9,500,437 UNITS
|
154,382
|
|||
DFA U.S. SMALL CAP VALUE
PORTFOLIO
|
REGISTERED INVESTMENT COMPANY: 4,747,267 UNITS
|
166,012
|
|||
DFA INTERNATIONAL VALUE
PORTFOLIO II
|
REGISTERED INVESTMENT COMPANY: 17,387,017 UNITS
|
88,152
|
|||
T ROWE PRICE MID-CAP GROWTH
FUND
|
REGISTERED INVESTMENT COMPANY: 5,774,152 UNITS
|
248,924
|
|||
Total Registered Investment Companies
|
849,553
|
||||
LifePath Funds
|
|||||
LIFEPATH RETIREMENT FUND
|
COMMON/COLLECTIVE TRUST FUND: 947,351 UNITS
|
15,980
|
|||
LIFEPATH 2020 FUND
|
COMMON/COLLECTIVE TRUST FUND: 1,700,637 UNITS
|
28,852
|
|||
LIFEPATH 2030 FUND
|
COMMON/COLLECTIVE TRUST FUND: 1,570,487 UNITS
|
27,199
|
|||
LIFEPATH 2040 FUND
|
COMMON/COLLECTIVE TRUST FUND: 981,840 UNITS
|
17,158
|
|||
LIFEPATH 2050 FUND
|
COMMON/COLLECTIVE TRUST FUND: 385,584 UNITS
|
5,087
|
|||
Total LifePath Age-Based Retirement Funds
|
94,276
|
BELLSOUTH SAVINGS AND SECURITY PLAN
|
EIN 58-1533433, PLAN NO. 004
|
SCHEDULE H, LINE 4(i) - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
|
December 31, 2014
|
(Dollars in Thousands)
|
Identity of Issue
|
Description of Investment
|
Current Value
|
AT&T Shares Fund
|
|||||
*
|
AT&T COMMON STOCK
|
13,775,238 SHARES
|
462,710
|
||
*
|
DREYFUS GOVERNMENT CASH
MANAGEMENT FUND
|
REGISTERED INVESTMENT COMPANY: 4,503,170 UNITS
|
4,503
|
||
Total AT&T Shares Fund
|
467,213
|
||||
Bond Fund
|
|||||
FEDERAL HOME LN BK CONS DISC
|
MAT 01/28/2015
|
600
|
|||
FEDERAL HOME LN BK CONS DISC
|
MAT 02/06/2015
|
900
|
|||
FEDERAL HOME LN BK CONS DISC
|
MAT 03/06/2015
|
200
|
|||
FEDERAL HOME LN BK CONS DISC
|
MAT 03/30/2015
|
1,299
|
|||
FEDERAL HOME LN MTG CORP DISC
|
0.000% 02/17/2015 DD 02/18/14
|
100
|
|||
*
|
FEDERAL HOME LN MTG CORP DISC
|
MAT 03/09/2015
|
400
|
||
FEDERAL NATL MTG ASSN DISC
|
MAT 04/13/2015
|
2,399
|
|||
SLH PROXY LONG EXPOSURE
|
SLHOPNTA4
|
13
|
|||
CITIGROUP CAT 2MM REPO
|
0.150% 01/02/2015 DD 12/30/14
|
6,000
|
|||
JP MORGAN CP REP
|
0.150% 01/02/2015 DD 12/30/14
|
1,200
|
|||
BNP PARIBAS CAT 2 REPO
|
0.140% 01/05/2015 DD 12/31/14
|
7,200
|
|||
DREYFUS GOVT CASH MGMT FUND
|
VAR RT 12/31/2075 DD 06/03/97
|
895
|
|||
AT&T INC
|
VAR RT 02/12/2016 DD 02/12/13
|
400
|
|||
COMMIT TO PUR FNMA SF MTG
|
3.000% 01/01/2045 DD 01/01/15
|
5,058
|
|||
COMMIT TO PUR FNMA SF MTG
|
3.500% 01/01/2030 DD 01/01/15
|
11,620
|
|||
COMMIT TO PUR FNMA SF MTG
|
3.500% 02/01/2030 DD 02/01/15
|
2,110
|
|||
COMMIT TO PUR FNMA SF MTG
|
5.000% 01/01/2045 DD 02/01/15
|
2,207
|
|||
ALTRIA GROUP INC
|
4.125% 09/11/2015 DD06/11/10
|
307
|
|||
AMERICAN MUN PWR-OHIO INC
|
6.449% 02/15/2044 DD 12/09/09
|
1,320
|
|||
APPLE INC
|
2.850% 02/15/2044 DD12/09/09
|
102
|
|||
ASSET BACKED SECURITIES HE4 M1
|
VAR RT 08/15/2033 DD 08/06/03
|
142
|
|||
BANK OF AMERICA COMMERCIA 5 A2
|
5.317% 09/10/2047 DD 10/01/06
|
430
|
|||
BANK OF AMERICA NA
|
VAR RT 11/14/2016 DD 11/14/13
|
500
|
|||
BANK OF AMERICA NA
|
VAR RT 05/08/2017 DD05/08/14
|
300
|
|||
BANK OF AMERICA FUNDING 2 D A1
|
VAR RT 05/25/2035 DD 06/01/05
|
89
|
|||
BANK OF AMERICA CORP
|
6.500% 08/01/2016 DD 07/28/09
|
646
|
|||
BEAR STEARNS ARM TRUST 11 1A2
|
VAR RT 02/25/2033 DD 12/01/02
|
10
|
|||
BEAR STEARNS ARM TRUST 12 13A1
|
VAR RT 02/25/2036 DD 12/01/05
|
43
|
|||
BEAR STEARNS COMMERCIA T20 A4A
|
VAR RT 10/12/2042 DD 10/01/05
|
387
|
|||
BEAR STEARNS COMMERCIA PW10 A4
|
VAR RT 12/11/2040 DD 12/01/05
|
168
|
|||
CD 2005-CD1 COMMERICAL CD1 A4
|
VAR RT 07/15/2044 DD 11/01/05
|
190
|
|||
CHICAGO IL TRANSIT AUTH SALES
|
6.899% 12/01/2040 DD 08/06/08
|
126
|
|||
CISCO SYSTEMS INC
|
VAR RT 09/03/2015 DD 03/03/14
|
700
|
|||
CITIGROUP INC
|
VAR RT 06/09/2016 DD 06/09/06
|
396
|
|||
CITIGROUP INC
|
4.750% 05/19/2015 DD 05/19/10
|
406
|
|||
CITIGROUP INC
|
VAR RT 05/01/2017 DD 05/01/14
|
199
|
|||
CITIGROUP INC
|
VAR RT 11/15/2016 DD 11/15/13
|
500
|
|||
CLOROX CO/THE
|
5.000% 01/15/2015 DD 12/03/04
|
400
|
BELLSOUTH SAVINGS AND SECURITY PLAN
|
EIN 58-1533433, PLAN NO. 004
|
SCHEDULE H, LINE 4(i) - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
|
December 31, 2014
|
(Dollars in Thousands)
|
Identity of Issue
|
Description of Investment
|
Current Value
|
FNT MORTGAGE-BACKED PASS 3 1A1
|
6.750% 08/21/2031 DD 07/01/01
|
2
|
|||
COMMERCIAL MORTGAGE PASS C4 A3
|
5.467% 09/15/2039 DD 09/01/06
|
87
|
|||
DISCOVERY COMMUNICATIONS LLC
|
3.700% 06/01/2015 DD 06/03/10
|
303
|
|||
ENTERGY CORP
|
3.625% 09/15/2015 DD 09/16/10
|
203
|
|||
FHLMC POOL #E8-2712
|
6.000% 03/01/2016 DD 03/01/01
|
1
|
|||
FHLMC POOL #E8-2732
|
6.000% 03/01/2016 DD 03/01/01
|
1
|
|||
FHLMC POOL #E8-4467
|
6.000% 07/01/2016 DD 07/01/01
|
1
|
|||
FHLMC POOL #E8-4717
|
6.000% 07/01/2016 DD 07/01/01
|
1
|
|||
FHLMC POOL #E0-0975
|
6.000% 05/01/2016 DD 05/01/01
|
1
|
|||
FEDERAL NATL MTG ASSN
|
0.875% 02/08/2018 DD 01/07/13
|
99
|
|||
FEDERAL NATL MTG ASSN
|
0.875% 05/21/2018 DD 04/15/13
|
98
|
|||
FEDERAL NATL MTG ASSN
|
1.875% 09/18/2018 DD 08/23/13
|
102
|
|||
FEDERAL HOME LN MTG CORP
|
0.875% 03/07/2018 DD 01/17/13
|
296
|
|||
FNMA POOL #0255272
|
4.000% 06/01/2019 DD 05/01/04
|
112
|
|||
FNMA POOL #0357414
|
4.000% 07/01/2018 DD 07/01/03
|
101
|
|||
FNMA POOL #0AL2617
|
6.000% 10/01/2040 DD 11/01/12
|
532
|
|||
FNMA POOL #0AM0359
|
2.310% 08/01/2022 DD 08/01/12
|
99
|
|||
FNMA POOL #0AV1676
|
4.000% 01/01/2026 DD 10/01/13
|
469
|
|||
FNMA GTD REMIC P/T 03-W1 1A1
|
VAR RT 12/25/2042 DD 03/01/03
|
52
|
|||
FNMA GTD REMIC P/T 03-25 KP
|
5.000% 04/25/2033 DD 03/01/03
|
197
|
|||
FHLMC MULTICLASS MTG 3626 ME
|
5.000% 01/15/2040 DD 01/01/10
|
21
|
|||
FNMA POOL #0915042
|
5.500% 04/01/2022 DD 04/01/07
|
3
|
|||
FORD MOTOR CREDIT CO LLC
|
3.875% 01/15/2015 DD11/02/11
|
801
|
|||
GSR MORTGAGE LOAN TRUST AR6 1A1
|
VAR RT 09/25/2035 DD 09/01/05
|
255
|
|||
GNMA POOL #0782523
|
5.000% 11/15/2035 DD 12/01/08
|
140
|
|||
GNMA POOL #0705997
|
5.000% 01/15/2039 DD 01/01/09
|
365
|
|||
GOLDMAN SACHS GROUP INC/THE
|
VAR RT 07/22/2015 DD 07/22/05
|
400
|
|||
HSBC FINANCE CORP
|
VAR RT 06/01/2016 DD 05/30/06
|
998
|
|||
HEWLETT-PACKARD CO
|
2.650% 06/01/2016 DD 05/31/11
|
306
|
|||
JP MORGAN CHASE & CO
|
VAR RT 10/15/2015 DD 10/18/12
|
501
|
|||
JP MORGAN CHASE & CO
|
VAR RT 10/15/2015 DD 10/18/12
|
401
|
|||
JP MORGAN CHASE & CO
|
3.700% 01/20/2015 DD 09/18/09
|
401
|
|||
JP MORGAN CHASE COMMER LDP9 A3
|
5.336% 05/15/2047 DD 12/01/06
|
627
|
|||
JP MORGAN CHASE COMMER LDPX A3
|
5.420% 01/15/2049 DD 03/01/07
|
503
|
|||
JOHNSON & JOHNSON
|
VAR RT 11/28/2016 DD12/05/13
|
701
|
|||
KROGER CO/THE
|
3.900% 10/01/2034 DD10/15/09
|
409
|
|||
LOS ANGELES CALIF UNI SCH DIST
|
5.750% 07/01/2034 DD 10/15/09
|
505
|
|||
ML CFC COMMERCIAL MORTGAG 4 A3
|
5.172% 12/12/2049 DD 12/01/06
|
200
|
|||
MCKESSON CORP
|
VAR RT 09/10/2015 DD 03/10/14
|
500
|
|||
MERCEDES-BENZ AUTO RECEIV 1 A2
|
0.130% 02/15/2017 DD07/09/14
|
699
|
|||
MERRILL LYNCH & CO INC
|
6.875% 04/25/2018 DD 04/25/08
|
345
|
|||
MERRILL LYNCH MORTGAGE IN E A1
|
VAR RT 11/25/2029 DD 09/23/04
|
115
|
|||
MORGAN STANLEY ABS CAP HE6 A2C
|
VAR RT 11/25/2035 DD 11/29/05
|
215
|
|||
MORGAN STANLEY CAPITAL HQ7 A4
|
VAR RT 11/14/2042 DD 11/01/05
|
90
|
|||
MORGAN STANLEY
|
3.450% 11/02/2015 DD 11/02/10
|
1,020
|
BELLSOUTH SAVINGS AND SECURITY PLAN
|
EIN 58-1533433, PLAN NO. 004
|
SCHEDULE H, LINE 4(i) - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
|
December 31, 2014
|
(Dollars in Thousands)
|
Identity of Issue
|
Description of Investment
|
Current Value
|
MORGAN STANLEY CAPITAL HQ13 A2
|
5.649% 12/15/2044 DD 12/01/07
|
554
|
||||
BANK OF AMERICA CORP
|
7.750% 08/15/2015 DD 09/05/95
|
104
|
||||
ONEOK PARTNERS LP
|
6.150% 10/01/2016 DD 09/25/06
|
215
|
||||
ONEOK PARTNERS LP
|
3.250% 02/01/2015 DD 01/26/11
|
204
|
||||
PRIME MORTGAGE TRUST 2 CL1 1A2
|
VAR RT 02/25/2034 DD 01/25/04
|
21
|
||||
PUBLIC PWR GENERATION AGY NE R
|
7.242% 01/01/2041 DD 07/16/09
|
117
|
||||
SLM STUDENT LOAN TRUST 20 2 A2
|
VAR RT 07/25/2017 DD 02/22/07
|
107
|
||||
SLM STUDENT LOAN TRUST 200 9 A
|
VAR RT 04/25/2023 DD 08/28/08
|
362
|
||||
SBA GTD PARTN CTFS 2003-20C 1
|
4.500% 03/01/2023 DD 03/12/03
|
1,781
|
||||
SBA GTD PARTN CTFS 2005-20B 1
|
4.625% 02/01/2025 DD 02/16/05
|
1,007
|
||||
SBA GTD PARTN CTFS 2008-20D 1
|
5.370% 04/01/2028 DD 04/16/08
|
833
|
||||
SBA GTD PARTN CTFS 2008-20E 1
|
5.490% 05/01/2028 DD 05/14/08
|
831
|
||||
SBA GTD PARTN CTFS 2008-20F 1
|
5.680% 06/01/2028 DD 06/11/08
|
361
|
||||
SBA GTD PARTN CTFS 2009-20A 1
|
5.720% 01/01/2029 DD 01/14/09
|
117
|
||||
SBA GTD PARTN CTFS 2008-10A 1
|
5.471% 03/10/2018 DD 03/26/08
|
127
|
||||
SOUTH DAKOTA ST EDUCTNL ENHANC
|
3.539% 06/01/2022 DD 03/14/13
|
2,005
|
||||
STRUCTURED ASSET INCESTME 8 M1
|
VAR RT 09/25/2034 DD 08/25/04
|
407
|
||||
STRUCTURED ASSET SEC M 21A 1A1
|
VAR RT 01/25/2032 DD 12/01/01
|
3
|
||||
STRUCTURED ASSET SEC COR 1A 4A
|
VAR RT 02/25/2032 DD 01/01/02
|
3
|
||||
THORNBURG MORTGAGE SECUR 1 I1A
|
VAR RT 03/25/2044 DD 03/31/04
|
818
|
||||
TIME WARNER INC
|
5.875% 11/15/2016 DD 11/13/06
|
759
|
||||
US TREAS-CPI INFLATION INDEX
|
2.375% 01/15/2025 DD 07/15/04
|
4,585
|
||||
US TREAS-CPI INFLATION INDEX
|
2.000% 01/15/2026 DD 01/15/06
|
685
|
||||
US TREAS-CPI INFLATION INDEX
|
2.375% 01/15/2027 DD 01/15/07
|
986
|
||||
US TREAS-CPI INFLATION INDEX
|
1.750% 01/15/2028 DD 01/15/08
|
770
|
||||
US TREAS-CPI INFLATION INDEX
|
2.500% 01/15/2029 DD 01/15/09
|
1,647
|
||||
US TREASURY NOTE
|
2.750% 02/15/2024 DD 02/15/14
|
8,418
|
||||
US TREASURY NOTE
|
1.000% 09/15/2017 DD 06/15/14
|
7,004
|
||||
US TREASURY NOTE
|
2.125% 09/30/2021 DD 09/30/14
|
809
|
||||
US TREASURY NOTE
|
2.250% 11/15/2024 DD 11/15/14
|
6,040
|
||||
US TREAS-CPI
|
0.375% 07/15/2023 DD 07/15/13
|
504
|
||||
US TREASURY NOTE
|
2.500% 05/15/2024 DD 05/15/14
|
1,030
|
||||
US TREASURY NOTE
|
2.125% 06/30/2021 DD 06/30/14
|
1,012
|
||||
UNIV OF CALIFORNIA CA REVENUES
|
6.583% 05/15/2049 DD 12/17/09
|
1,367
|
||||
UNIV OF CALIFORNIA CA REVENUES
|
6.270% 05/15/2031 DD 08/27/09
|
340
|
||||
UNIV OF CALIFORNIA CA REVENUES
|
5.770% 05/15/2043 DD 08/27/09
|
1,286
|
||||
VERIZON COMMUNICATIONS INC
|
VAR RT 09/15/2016 DD 09/18/13
|
204
|
||||
VIACOM INC
|
1.250% 02/27/2015 DD 02/28/12
|
317
|
||||
WACHOVIA CORP
|
VAR RT 06/15/2017 DD 06/08/07
|
998
|
||||
TBA CASH COLL SAL
|
VAR RT 01/01/2049 DD 07/01/08
|
(55
|
)
|
|||
Total Bond Fund
|
111,923
|
BELLSOUTH SAVINGS AND SECURITY PLAN
|
EIN 58-1533433, PLAN NO. 004
|
SCHEDULE H, LINE 4(i) - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
|
December 31, 2014
|
(Dollars in Thousands)
|
Identity of Issue
|
Description of Investment
|
Current Value
|
Interest Bearing Cash
|
||||||||
*
|
DREYFUS GOVERNMENT CASH
MANAGEMENT FUND
|
2,617
|
||||||
* Loans to Plan Participants
|
4.25% - 10.50
|
%
|
64,110
|
|||||
Total
|
$
|
1,763,021
|
||||||
* Party-in-Interest
|
BellSouth Savings and Security Plan
|
|
By AT&T Services, Inc.,
Plan Administrator for the Foregoing Plan
|
By
|
/s/ Paul W. Stephens
|
|
Paul W. Stephens
|
||
Senior Vice President and Controller
|
23
|
Consent of Independent Registered Public Accounting Firm
|