Annual Report PDF file 2009 - State of Illinois
Annual Report PDF file 2009 - State of Illinois Annual Report PDF file 2009 - State of Illinois
Moody’s S&P Shares/Quality Quality Par Maturity Interest Fair CurrentRating Rating Value Date Rate Cost Value Yield Duration$ FIXED INCOME (continued) % $ $ %Industrials (continued)AA3 AA- 2,500,000 MERCK & CO INC. 03/01/15 4.75 2,402,275 2,603,513 3.86 4.98B1 B+ 1,475,000 MERITAGE HOMES CORP. 03/15/15 6.25 1,467,625 1,157,875 11.49 4.49B3 B 2,509,000 METROPCS WIRELESS INC. 11/01/14 9.25 2,384,998 2,483,910 9.49 3.98AAA AAA 2,000,000 MICROSOFT CORP. 06/01/14 2.95 1,995,720 1,986,289 3.10 4.61B1 B- 2,501,000 MIRANT NORTH AMER LLC 12/31/13 7.38 2,501,000 2,400,960 8.46 3.76BAA3 BBB- 597,000 MOSAIC CO. 12/01/16 7.63 606,310 591,696 7.38 5.23CAA1 CCC+ 3,319,000 MUELLER WTR PRODS INC. 06/01/17 7.38 3,303,085 2,447,763 12.73 5.55BA2 BB 1,628,000 NEXTEL COMMUNICATIONS INC. 10/31/13 6.88 1,396,010 1,347,170 12.10 3.55BAA1 BBB+ 1,500,000 NORFOLK SOUTHERN CORP. 01/15/16 5.75 1,507,005 1,568,389 5.32 5.40BAA1 BBB+ 1,000,000 NORFOLK SOUTHERN CORP. 05/17/29 5.64 951,380 924,788 6.41 11.61BAA1 BBB+ 850,000 NORTHROP GRUMMAN CORP. 02/15/31 7.75 1,092,182 1,046,449 5.71 11.51B1 BB- 3,310,000 NRG ENERGY INC. 02/01/14 7.25 3,347,200 3,210,700 8.04 3.69A2 A 1,340,000 OCCIDENTAL PETE CORP. 11/01/13 7.00 1,408,509 1,521,329 3.38 3.80A1 AA- 3,500,000 PACCAR INC. 02/15/14 6.88 3,570,950 3,780,139 4.57 3.95BA1 BB+ 391,000 PEABODY ENERGY CORP. 11/01/16 7.38 391,000 369,495 8.39 5.57AA2 A+ 2,290,000 PEPSICO INC. 03/01/14 3.75 2,287,704 2,292,808 3.28 4.27AA2 A+ 1,000,000 PEPSICO INC. 06/01/18 5.00 960,960 1,001,946 4.62 7.38B3 B 2,767,000 PETROHAWK ENERGY CORP. 08/01/14 10.50 2,642,368 2,829,258 9.92 3.73AA2 AAA 1,500,000 PFIZER INC. 03/15/12 4.45 1,497,945 1,562,599 2.55 2.54A1 A 2,721,000 PHILLIPS PETROLEUM CO. 05/25/10 8.75 3,163,049 2,895,473 1.56 0.87B1 B- 3,000,000 POLYONE CORP. 05/01/12 8.88 3,043,750 2,520,000 16.11 2.33BAA2 BBB 1,685,000 PREMCOR REFNG GROUP INC. 05/01/11 6.13 1,707,040 1,709,617 4.64 1.72BA3 B+ 2,500,000 QWEST COMMUNICATIONS INTL INC. 02/15/11 7.25 2,493,750 2,425,000 9.27 1.46BA1 BBB- 500,000 QWEST CORP. 09/01/11 7.88 435,000 500,000 7.87 1.92BAA1 A- 1,625,000 RAYTHEON CO. 12/15/18 6.40 1,765,514 1,791,666 4.97 7.40B1 B 1,271,000 REGENCY ENERGY PARTNERS 06/01/16 9.38 1,201,044 1,229,693 10.03 4.99B1 B 3,050,000 REGENCY ENERGY PARTNERS 12/15/13 8.38 3,074,666 2,943,250 9.35 3.65B1 B 1,646,000 RES CARE INC. 10/15/13 7.75 1,633,836 1,539,010 9.63 3.53BAA3 BBB 1,335,000 REYNOLDS AMERICAN INC. 06/01/12 7.25 1,257,038 1,387,579 7.13 2.59B1 BB- 1,553,000 RSC EQUIPMENT RENTAL INC. 07/15/17 10.00 1,542,153 1,512,234 10.00 5.45CAA1 B 271,000 RYERSON INC. 11/01/15 12.00 278,560 220,865 16.85 4.05B2 B+ 3,279,000 SABINE PASS LNG 11/30/13 7.25 3,274,410 2,778,953 11.77 3.61A2 A 10,485,000 SBC COMMUNICATIONS INC. 09/15/14 5.10 10,433,339 10,717,597 4.26 4.57BAA3 BB+ 2,565,000 SEALED AIR CORP. 06/15/17 7.88 2,509,519 2,292,692 8.02 5.91BA3 BB- 247,000 SEALY CORPORATION 04/15/16 10.88 237,061 258,733 9.90 4.71CAA1 CCC+ 1,415,000 SEALY MATTRESS CO. 06/15/14 8.25 1,426,488 1,163,838 13.25 3.87B1 BB- 2,211,000 SERVICE CORP. INT'L 06/15/17 7.00 2,191,441 2,000,955 8.68 6.01CAA2 CCC+ 2,000,000 SOLO CUP CO. 02/15/14 8.50 1,920,000 1,640,000 13.90 3.51BAA3 BBB- 1,660,000 SOUTHERN COPPER CORP. DEL 07/27/15 6.38 1,647,188 1,644,801 6.46 4.94BA2 BB 1,628,000 SPRINT CAP CORP. 03/15/32 8.75 1,554,740 1,310,540 11.12 8.23BAA3 BBB 1,000,000 STARBUCKS CORP. 08/15/17 6.25 845,000 998,535 6.17 6.34BA2 BB+ 682,000 STEEL DYNAMICS INC. 11/01/12 7.38 682,675 646,195 9.23 2.87BA2 BB+ 1,000,000 STEEL DYNAMICS INC. 04/01/15 6.75 1,000,000 890,000 9.26 4.59BA3 BB- 2,325,000 STEWART ENTERPRISES INC. 02/15/13 6.25 2,327,875 2,162,250 8.53 3.11B3 BB 985,000 SUNGUARD DATA SYSTEMS INC. 01/15/14 4.88 829,863 871,725 7.94 3.90CAA1 B 2,140,000 SUNGUARD DATA SYSTEMS INC. 08/15/13 9.13 2,246,575 2,022,300 10.81 3.25B2 B 5,311,000 TARGA RES PARTNERS LP 07/01/16 8.25 4,470,360 4,501,073 11.47 4.89B2 BB- 3,790,000 TEXAS INDS INC. 07/15/13 7.25 3,580,000 3,424,025 10.42 3.29BAA2 BBB 4,600,000 TIME WARNER CABLE INC. 07/02/12 5.40 4,503,483 4,753,185 4.20 2.71BAA2 BBB 1,300,000 TIME WARNER CABLE INC. 05/01/17 5.85 1,240,421 1,293,427 5.87 6.33BAA2 BBB 1,710,000 TIME WARNER CABLE INC. 07/01/18 6.75 1,580,817 1,773,786 6.14 6.93BAA2 BBB 770,000 TIME WARNER INC. 05/01/12 6.88 801,539 805,866 4.23 2.57A3 A- 1,825,000 TRANSCANADA PIPELINES LTD 01/15/15 4.88 1,791,694 1,854,149 4.77 4.80BAA2 BBB- 3,640,000 TRANSCONTINENTAL GAS PIPE LINE 04/15/16 6.40 3,649,555 3,757,818 5.92 5.54BAA2 BBB 580,000 UNION PAC CORP. 01/15/11 6.65 591,484 610,405 3.33 1.43BAA2 BBB 430,000 UNION PAC CORP. 04/15/12 6.50 430,611 461,421 4.43 2.53BAA2 BBB 1,400,000 UNION PAC CORP. 02/15/14 5.13 1,402,146 1,435,965 4.31 4.09BAA2 BBB 850,000 UNION PAC CORP. 05/01/34 6.25 827,178 848,253 6.65 12.19CAA1 B- 4,625,000 UNITED AUTO GROUP INC. 12/15/16 7.75 4,665,199 3,734,688 11.69 5.39AA3 AA- 1,100,000 UNITED PARCEL SERVICE 04/01/14 3.88 1,097,558 1,127,593 3.16 4.35AA3 AA- 900,000 UNITED PARCEL SERVICE 01/15/38 6.20 1,034,676 967,850 5.54 13.73B2 B 850,000 UNITED RENTALS NORTH AMER INC. 06/15/16 10.88 824,840 816,000 11.73 4.66B3 B+ 1,394,000 UNIVERSAL HOSP SVCS INC. NEW 06/01/15 6.30 1,404,998 1,122,170 8.85 (0.13)B3 CCC+ 4,000,000 US CONCRETE INC. 04/01/14 8.38 4,138,125 2,620,000 19.92 3.42BA3 B 3,750,000 US ONCOLOGY INC. 08/15/12 9.00 4,007,813 3,834,375 0.18 0.13B3 CCC+ 2,418,000 VALASSIS COMMUNICATION INC. 03/01/15 8.25 2,141,930 1,743,983 15.88 4.03A3 A 1,150,000 VERIZON COMMUNICATIONS INC. 04/15/13 5.25 1,082,632 1,209,559 3.83 3.43A3 A 3,010,000 VERIZON COMMUNICATIONS INC. 04/15/18 6.10 3,031,714 3,151,414 5.72 6.89A3 A 422,000 VERIZON COMMUNICATIONS INC. 04/15/38 6.90 468,829 443,094 6.56 12.64B3 B 3,756,000 VISANT HLDG CORP. 12/01/13 8.75 3,981,769 3,690,270 9.24 3.49AA2 AA 2,840,000 WAL MART STORES INC. 08/10/09 6.88 3,072,060 2,857,580 1.34 0.11AA2 AA 1,250,000 WAL MART STORES INC. 08/15/37 6.50 1,475,455 1,425,503 5.66 13.46A2 A+ 1,620,000 WALGREEN CO. 01/15/19 5.25 1,633,802 1,659,992 4.72 7.58B1 B 1,635,000 WARNER MUSIC GROUP 04/15/14 7.38 1,622,738 1,383,619 11.65 3.82ILLINOIS STATE BOARD OF INVESTMENT33
PORTFOLIO OF INVESTMENTSJUNE 30, 2009 (CONTINUED)Moody’s S&P Shares/Quality Quality Par Maturity Interest Fair CurrentRating Rating Value Date Rate Cost Value Yield Duration$ FIXED INCOME (continued) % $ $ %Industrials (continued)BA3 BB 1,846,000 WINDSTREAM CORP. 08/01/13 8.13 1,878,923 1,786,005 9.09 3.32A3 A+ 1,530,000 WYETH 03/15/13 5.50 1,609,713 1,656,315 3.49 3.34A3 A+ 600,000 WYETH 04/01/37 5.95 488,528 632,272 5.70 13.68BA2 BBB- 6,000,000 WYNDHAM WORLDWIDE 05/01/14 9.88 5,748,060 5,980,020 9.96 3.78Total Industrials 440,583,550 425,239,911Mortgage Backed SecuritiesCollateralized Mortgage ObligationsAAA AAA 2,680,000 BANC AMER COML MTG INC. 09/10/47 1.00 2,261,669 2,305,954 8.05 4.99NA AAA 196,714 BEAR STEARNS COML MTG SECS INC. 03/13/40 4.00 189,675 194,229 3.64 0.98AAA AAA 1,661,658 GE CAP COML MTG CORP. 08/11/36 4.97 1,653,258 1,670,517 4.41 1.72AAA AAA 1,500,000 GE COML MTG CORP. 01/10/38 4.37 1,452,363 1,501,541 5.65 1.02AAA AAA 4,300,000 GREENWICH CAP COML FDG CORP. 06/10/36 1.00 3,860,762 3,998,590 7.65 3.85NA AAA 2,734,432 J P MORGAN CHASE COML MTG SECS 03/15/33 6.26 2,728,078 2,789,076 4.42 1.23AAA NA 150,000 JP MORGAN CHASE COML MTG 09/12/37 4.90 117,220 128,105 8.31 4.75AAA NA 700,000 JP MORGAN CHASE COML MTG SECS 10/15/42 1.00 545,543 596,033 8.43 4.67AAA NA 700,000 JP MORGAN CHASE COML MTG SECS 01/12/43 1.00 555,394 606,461 8.98 4.84NR NR 1,370 MANUFACTURERS HANOVER MTG CORP 04/25/15 11.50 1,364 1,468 0.00 0.00AAA AAA 3,410,000 WACHOVIA BK COML MTG TR 10/15/41 1.00 2,949,650 2,888,487 8.18 3.87AAA AAA 1,445,354 WACHOVIA BK COML MTG TR 03/15/42 4.78 1,423,222 1,437,975 11.51 0.56NA AAA 1,310,000 WACHOVIA BK COML MTG TR 05/15/44 4.52 1,218,300 1,242,482 10.78 0.86Total Collateralized Mortgage Obligations 18,956,498 19,360,918Total Mortgage Backed Securities 18,956,498 19,360,918OtherAsset BackedAAA AAA 1,000,000 CAPITAL ONE MULTI ASSET 11/15/13 4.85 991,641 1,035,402 2.21 1.47NR NR 2,024,000 GMAC LLC 05/15/12 6.63 1,557,204 1,690,040 13.76 2.46AAA AAA 1,500,000 JOHN DEERE OWNER TR 04/15/14 5.08 1,499,898 1,525,078 3.25 1.14Total Asset Backed 4,048,743 4,250,520MiscellaneousBA2 BB+ 3,815,000 APRIA HEALTHCARE GROUP 11/01/14 11.25 3,702,458 3,681,475 12.16 3.90B3 B+ 3,400,000 BASIC ENERGY SVCS INC NEW 04/15/16 7.13 3,402,215 2,703,000 11.56 5.06B3 B 3,524,000 BERRY PETE CO. 11/01/16 8.25 3,381,248 3,021,830 11.14 5.26BA3 BB 1,742,000 CHESAPEAKE ENERGY CORP. 08/15/17 6.50 1,676,375 1,463,280 9.35 5.96BA1 BB+ 483,000 CMS ENERGY CORP. 02/01/12 6.30 482,145 468,438 7.60 2.29A3 A- 2,300,000 CONSOLIDATED EDISON CO NY INC. 02/01/13 4.88 2,258,462 2,406,475 3.71 3.25A3 A- 3,300,000 CONSOLIDATED EDISON CO NY INC. 12/01/18 7.13 3,313,023 3,781,688 5.27 7.18A3 A- 2,800,000 CONSOLIDATED EDISON CO NY INC. 04/01/19 6.65 2,795,912 3,104,260 5.17 7.41BAA2 BBB+ 1,600,000 DUKE ENERGY CO. 02/01/14 6.30 1,636,160 1,741,290 4.36 3.95B2 BB- 1,130,000 EDISON MISSION ENERGY 06/15/13 7.50 1,130,000 1,011,350 10.83 3.31B2 BB- 976,000 EDISON MISSION ENERGY 05/15/17 7.00 976,000 749,080 11.58 5.65A3 BBB 3,575,000 EXELON GENERATION CO. LLC 10/01/17 6.20 3,479,613 3,597,070 6.27 6.46AA3 A 1,230,000 FLORIDA POWER & LIGHT CO. 02/01/13 4.85 1,266,629 1,301,726 3.66 3.25AA3 A 200,000 FLORIDA POWER & LIGHT CO. 02/01/35 5.65 200,494 202,913 5.54 0.00B1 BB- 4,213,000 GIBSON ENERGY ULC 05/27/14 11.75 4,098,010 4,170,870 12.02 3.58B3 BB- 270,000 HILCORP ENGY ILP 06/01/16 9.00 282,150 234,900 11.80 4.95B1 B+ 700,000 HOLLY ENERGY PARTNERS LP 03/01/15 6.25 700,000 603,750 9.43 4.55BAA3 BBB- 1,935,000 ITC HLDGS CORP. 09/30/16 5.88 1,418,490 1,738,973 6.82 5.83BAA2 BBB 1,000,000 METROPOLITAN EDISON CO. 01/15/19 7.70 1,000,000 1,075,235 6.62 6.81BA3 BB 2,997,000 ORION PWR HLDGS INC. 05/01/10 12.00 2,898,505 3,101,895 7.57 0.78A3 BBB+ 2,100,000 PACIFIC GAS & ELECTRIC CO. 10/15/18 8.25 2,603,769 2,536,687 5.22 6.87BA2 BB- 1,978,000 PNM RES INC. 05/15/15 9.25 2,017,360 1,832,123 10.98 4.39B2 B+ 392,000 RRI ENERGY INC. 06/15/14 7.63 392,000 358,680 9.83 4.03A2 A 1,000,000 SOUTHERN CA EDISON CO. 03/15/14 5.75 994,920 1,086,184 3.76 4.13BAA1 BBB 2,100,000 SPECTRA ENERGY CAP LLC 04/15/18 6.20 1,946,406 2,021,229 6.47 6.78B3 B 4,635,000 UNITED REFINING CO. 08/15/12 10.50 4,512,775 3,615,300 20.34 2.34NA B- 2,380,000 VIRGIN MEDIA INC. 11/15/16 6.50 1,201,512 1,844,500 0.00 0.00BAA1 A- 1,875,000 VIRGINIA ELEC & PWR CO. 04/30/18 5.40 1,856,714 1,964,196 4.87 7.17BAA1 A- 915,000 VIRGINIA ELEC & PWR CO. 11/15/38 8.88 1,166,515 1,242,551 6.31 12.51BA3 BB 1,443,000 WINDSTREAM CORP. 08/01/16 8.63 1,518,294 1,381,673 9.46 5.02Total Miscellaneous 58,308,154 58,042,621Private PlacementCAA2 B- 400,000 FIRST DATA CORP. 09/24/15 9.88 276,000 284,000 0.00 0.00NR NR 1,108,000 MOOG INC. 06/15/18 7.25 1,108,000 1,035,980 8.29 6.30NR NR 579,000 TARGA RESOURCES PARTNERS 07/15/17 11.25 549,894 549,894 4.80 5.74Total Private Placement 1,933,894 1,869,874Total Other 64,290,791 64,163,015Total Corporate Obligations 688,047,686 668,047,761TOTAL FIXED INCOME 1,380,500,674 1,366,303,740ILLINOIS STATE BOARD OF INVESTMENT34
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- Page 3 and 4: BOARD MEMBERSCHAIRMANRonald E. Powe
- Page 5 and 6: International Equity 17%U.S. Equity
- Page 7 and 8: % Investment Returns June 30201510T
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PORTFOLIO OF INVESTMENTSJUNE 30, <strong>2009</strong> (CONTINUED)Moody’s S&P Shares/Quality Quality Par Maturity Interest Fair CurrentRating Rating Value Date Rate Cost Value Yield Duration$ FIXED INCOME (continued) % $ $ %Industrials (continued)BA3 BB 1,846,000 WINDSTREAM CORP. 08/01/13 8.13 1,878,923 1,786,005 9.09 3.32A3 A+ 1,530,000 WYETH 03/15/13 5.50 1,609,713 1,656,315 3.49 3.34A3 A+ 600,000 WYETH 04/01/37 5.95 488,528 632,272 5.70 13.68BA2 BBB- 6,000,000 WYNDHAM WORLDWIDE 05/01/14 9.88 5,748,060 5,980,020 9.96 3.78Total Industrials 440,583,550 425,239,911Mortgage Backed SecuritiesCollateralized Mortgage ObligationsAAA AAA 2,680,000 BANC AMER COML MTG INC. 09/10/47 1.00 2,261,669 2,305,954 8.05 4.99NA AAA 196,714 BEAR STEARNS COML MTG SECS INC. 03/13/40 4.00 189,675 194,229 3.64 0.98AAA AAA 1,661,658 GE CAP COML MTG CORP. 08/11/36 4.97 1,653,258 1,670,517 4.41 1.72AAA AAA 1,500,000 GE COML MTG CORP. 01/10/38 4.37 1,452,363 1,501,541 5.65 1.02AAA AAA 4,300,000 GREENWICH CAP COML FDG CORP. 06/10/36 1.00 3,860,762 3,998,590 7.65 3.85NA AAA 2,734,432 J P MORGAN CHASE COML MTG SECS 03/15/33 6.26 2,728,078 2,789,076 4.42 1.23AAA NA 150,000 JP MORGAN CHASE COML MTG 09/12/37 4.90 117,220 128,105 8.31 4.75AAA NA 700,000 JP MORGAN CHASE COML MTG SECS 10/15/42 1.00 545,543 596,033 8.43 4.67AAA NA 700,000 JP MORGAN CHASE COML MTG SECS 01/12/43 1.00 555,394 606,461 8.98 4.84NR NR 1,370 MANUFACTURERS HANOVER MTG CORP 04/25/15 11.50 1,364 1,468 0.00 0.00AAA AAA 3,410,000 WACHOVIA BK COML MTG TR 10/15/41 1.00 2,949,650 2,888,487 8.18 3.87AAA AAA 1,445,354 WACHOVIA BK COML MTG TR 03/15/42 4.78 1,423,222 1,437,975 11.51 0.56NA AAA 1,310,000 WACHOVIA BK COML MTG TR 05/15/44 4.52 1,218,300 1,242,482 10.78 0.86Total Collateralized Mortgage Obligations 18,956,498 19,360,918Total Mortgage Backed Securities 18,956,498 19,360,918OtherAsset BackedAAA AAA 1,000,000 CAPITAL ONE MULTI ASSET 11/15/13 4.85 991,641 1,035,402 2.21 1.47NR NR 2,024,000 GMAC LLC 05/15/12 6.63 1,557,204 1,690,040 13.76 2.46AAA AAA 1,500,000 JOHN DEERE OWNER TR 04/15/14 5.08 1,499,898 1,525,078 3.25 1.14Total Asset Backed 4,048,743 4,250,520MiscellaneousBA2 BB+ 3,815,000 APRIA HEALTHCARE GROUP 11/01/14 11.25 3,702,458 3,681,475 12.16 3.90B3 B+ 3,400,000 BASIC ENERGY SVCS INC NEW 04/15/16 7.13 3,402,215 2,703,000 11.56 5.06B3 B 3,524,000 BERRY PETE CO. 11/01/16 8.25 3,381,248 3,021,830 11.14 5.26BA3 BB 1,742,000 CHESAPEAKE ENERGY CORP. 08/15/17 6.50 1,676,375 1,463,280 9.35 5.96BA1 BB+ 483,000 CMS ENERGY CORP. 02/01/12 6.30 482,145 468,438 7.60 2.29A3 A- 2,300,000 CONSOLIDATED EDISON CO NY INC. 02/01/13 4.88 2,258,462 2,406,475 3.71 3.25A3 A- 3,300,000 CONSOLIDATED EDISON CO NY INC. 12/01/18 7.13 3,313,023 3,781,688 5.27 7.18A3 A- 2,800,000 CONSOLIDATED EDISON CO NY INC. 04/01/19 6.65 2,795,912 3,104,260 5.17 7.41BAA2 BBB+ 1,600,000 DUKE ENERGY CO. 02/01/14 6.30 1,636,160 1,741,290 4.36 3.95B2 BB- 1,130,000 EDISON MISSION ENERGY 06/15/13 7.50 1,130,000 1,011,350 10.83 3.31B2 BB- 976,000 EDISON MISSION ENERGY 05/15/17 7.00 976,000 749,080 11.58 5.65A3 BBB 3,575,000 EXELON GENERATION CO. LLC 10/01/17 6.20 3,479,613 3,597,070 6.27 6.46AA3 A 1,230,000 FLORIDA POWER & LIGHT CO. 02/01/13 4.85 1,266,629 1,301,726 3.66 3.25AA3 A 200,000 FLORIDA POWER & LIGHT CO. 02/01/35 5.65 200,494 202,913 5.54 0.00B1 BB- 4,213,000 GIBSON ENERGY ULC 05/27/14 11.75 4,098,010 4,170,870 12.02 3.58B3 BB- 270,000 HILCORP ENGY ILP 06/01/16 9.00 282,150 234,900 11.80 4.95B1 B+ 700,000 HOLLY ENERGY PARTNERS LP 03/01/15 6.25 700,000 603,750 9.43 4.55BAA3 BBB- 1,935,000 ITC HLDGS CORP. 09/30/16 5.88 1,418,490 1,738,973 6.82 5.83BAA2 BBB 1,000,000 METROPOLITAN EDISON CO. 01/15/19 7.70 1,000,000 1,075,235 6.62 6.81BA3 BB 2,997,000 ORION PWR HLDGS INC. 05/01/10 12.00 2,898,505 3,101,895 7.57 0.78A3 BBB+ 2,100,000 PACIFIC GAS & ELECTRIC CO. 10/15/18 8.25 2,603,769 2,536,687 5.22 6.87BA2 BB- 1,978,000 PNM RES INC. 05/15/15 9.25 2,017,360 1,832,123 10.98 4.39B2 B+ 392,000 RRI ENERGY INC. 06/15/14 7.63 392,000 358,680 9.83 4.03A2 A 1,000,000 SOUTHERN CA EDISON CO. 03/15/14 5.75 994,920 1,086,184 3.76 4.13BAA1 BBB 2,100,000 SPECTRA ENERGY CAP LLC 04/15/18 6.20 1,946,406 2,021,229 6.47 6.78B3 B 4,635,000 UNITED REFINING CO. 08/15/12 10.50 4,512,775 3,615,300 20.34 2.34NA B- 2,380,000 VIRGIN MEDIA INC. 11/15/16 6.50 1,201,512 1,844,500 0.00 0.00BAA1 A- 1,875,000 VIRGINIA ELEC & PWR CO. 04/30/18 5.40 1,856,714 1,964,196 4.87 7.17BAA1 A- 915,000 VIRGINIA ELEC & PWR CO. 11/15/38 8.88 1,166,515 1,242,551 6.31 12.51BA3 BB 1,443,000 WINDSTREAM CORP. 08/01/16 8.63 1,518,294 1,381,673 9.46 5.02Total Miscellaneous 58,308,154 58,042,621Private PlacementCAA2 B- 400,000 FIRST DATA CORP. 09/24/15 9.88 276,000 284,000 0.00 0.00NR NR 1,108,000 MOOG INC. 06/15/18 7.25 1,108,000 1,035,980 8.29 6.30NR NR 579,000 TARGA RESOURCES PARTNERS 07/15/17 11.25 549,894 549,894 4.80 5.74Total Private Placement 1,933,894 1,869,874Total Other 64,290,791 64,163,015Total Corporate Obligations 688,047,686 668,047,761TOTAL FIXED INCOME 1,380,500,674 1,366,303,740ILLINOIS STATE BOARD OF INVESTMENT34
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