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SYSCO CORPORATION-Form10-K 73
PARTII
ITEM8Financial Statements and Supplementary Data
The following table presents the fair value of the Retirement Plan’s assets by major asset category as of June 28, 2014:
(Inthousands)
Assets Measured at Fair Value as of June 28, 2014
Level1 Level2 Level3 Total
Cash and cash equivalents $ - $ 51,066 $ - $ 51,066
U.S. equity:
U.S. large-cap(1) 218,165 777,627 - 995,792
U.S. small-cap 135,781 - - 135,781
International equity(2) - 717,022 - 717,022
Long duration xed income:
Corporate bonds - 568,419 - 568,419
U.S. government and agency securities - 171,617 - 171,617
Other - 4,907 - 4,907
Derivatives, net(3) (127) 352 - 225
High yield  xed income(2) - 102,041 - 102,041
Alternative investments:
Real estate(2) - 114,250 35,403 149,653
Private equity(2) - - 31,204 31,204
Total investments at fair value $ 353,819 $ 2,507,301 $ 66,607 $ 2,927,727
Other(4) 9,792
FAIR VALUE OF PLAN ASSETS AT END OF YEAR $ 2,937,519
(1) Include direct investments and investment funds.
(2) Include investments in investment funds only.
(3) Include credit default swaps, interest rate swaps and futures. The fair value of asset positions totaled $0.8 million; the fair value of liability positions totaled $0.6 million.
(4) Include primarily plan receivables and payables, net.
The following table presents the fair value of the Retirement Plan’s assets by major asset category as of June 29, 2013:
(Inthousands)
Assets Measured at Fair Value as of June 29, 2013
Level1 Level2 Level3 Total
Cash and cash equivalents(1) $ - $ 88,812 $ - $ 88,812
U.S. equity:
U.S. large-cap(1) 189,548 531,667 - 721,215
U.S. small-to-mid-cap(1) 99,518 - - 99,518
International equity(2) - 745,262 - 745,262
Long duration xed income:
Diversi ed xed income(2) - 264,139 - 264,139
U.S. government and agency securities - 123,253 - 123,253
Corporate bonds - 117,565 - 117,565
Mortgage-backed securities - 8,316 - 8,316
Municipal bonds - 23,840 - 23,840
Sovereign debt - 16,744 - 16,744
Other(1) - 13,277 - 13,277
Derivatives, net(3) (249) (687) - (936)
High yield  xed income(2) - 226,955 - 226,955
Alternative investments:
Real estate(2) - - 64,845 64,845
Private equity(2) - - 14,375 14,375
Total investments at fair value $ 288,817 $ 2,159,143 $ 79,220 $ 2,527,180
Other(4) (9,171)
FAIR VALUE OF PLAN ASSETS AT END OF YEAR $ 2,518,009
(1) Include direct investments and investment funds.
(2) Include investments in investment funds only.
(3) Include credit default swaps, interest rate swaps, foreign currency contracts, futures and options. The fair value of asset positions totaled $0.4 million; the fair value of liability positions totaled
$1.3 million.
(4) Include primarily plan receivables and payables, net.