LabCorp 2015 Annual Report Download - page 119
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Index
U.S. and to a lesser extent international equities in developed and emerging countries. Fixed income securities primarily include U.S. Treasury securities,
mortgage-backed bonds and corporate bonds of companies from diversified industries. Other assets include investments in commodities. The weighted
average expected long-term rate of return for the Company Plan’s assets is as follows:
Target
Allocation
Weighted Average
Expected Long-Term
Rate of Return
Equity securities 50.0%
5.5%
Fixed income securities 45.0%
1.2%
Other assets 5.0%
0.3%
The fair values of the Company Plan’s assets at December 31, 2015 and 2014, by asset category are as follows:
Fair Value Measurements as of
December 31, 2015
Fair Value as of
December 31, 2015
Using Fair Value Hierarchy
Level 1
Level 2
Level 3
Cash $ 6.1
$ 6.1
$ —
$ —
Equity securities:
U.S. large cap - blend (a) 55.1
—
55.1
—
U.S. mid cap - blend (b) 21.0
—
21.0
—
U.S. small cap - blend (c) 7.1
—
7.1
—
International equity - blend (d) 35.7
—
35.7
—
Commodities index (e) 11.8
—
11.8
—
Fixed income securities:
U.S. fixed income (f) 102.8
—
102.8
—
U.S inflation protection income (g) 6.2
—
6.2
—
Total fair value of the Company Plan’s assets $ 245.8
$ 6.1
$ 239.7
$ —
Fair Value Measurements as of
December 31, 2014
Fair Value as of
December 31, 2014
Using Fair Value Hierarchy
Level 1
Level 2
Level 3
Cash $ 4.1
$ 4.1
$ —
$ —
Equity securities:
U.S. large cap - blend (a) 64.1
—
64.1
—
U.S. mid cap - blend (b) 25.3
—
25.3
—
U.S. small cap - blend (c) 7.9
—
7.9
—
International equity - blend (d) 36.0
—
36.0
—
Commodities index (e) 10.3
—
10.3
—
Fixed income securities:
U.S. fixed income (f) 115.1
—
115.1
—
U.S inflation protection income (g) 6.3
—
6.3
—
Total fair value of the Company Plan’s assets $ 269.1
$ 4.1
$ 265.0
$ —
a) This category represents an equity index fund not actively managed that tracks the S&P 500 Index.
b) This category represents an equity index fund not actively managed that tracks the S&P mid-cap 400 Index.
c) This category represents an equity index fund not actively managed that tracks the Russell 2000 Index.
d) This category represents an equity index fund not actively managed that tracks the MSCI ACWI ex USA Index.
e)This category represents a commodities index fund not actively managed that tracks the Dow Jones - UBS Commodity Index.
f) This category primarily represents bond index funds not actively managed that track the Barclays Capital U.S. Aggregate Index as well as an actively
managed strategy which utilizes the Barclays Capital U.S. Aggregate Bond Index as its primary prospectus benchmark.
g) This category primarily represents a bond index fund not actively managed that tracks the Barclays Capital U.S. TIPS Index.
F-39