UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 11-K
FOR ANNUAL REPORTS OF EMPLOYEE STOCK
PURCHASE, SAVINGS AND SIMILAR PLANS
PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
(Mark One):
⌧ | ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the fiscal year ended December 31, 2020
OR
◻ | TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the transition period from ______________ to ______________
Commission File Number 1-9936
EDISON 401(K) SAVINGS PLAN
(Full Title of the Plan)
EDISON INTERNATIONAL
(Name of Issuer)
2244 Walnut Grove Avenue (P.O. Box 976), Rosemead, California 91770
(Address of principal executive office)
Edison 401(k) Savings Plan
Financial Statements and Supplemental Schedules
As of December 31, 2020 and 2019 and for the Year Ended December 31, 2020
Reports of Independent Registered Public Accounting Firms | 4 |
| |
Financial Statements | |
Statements of Net Assets Available for Plan Benefits as of December 31, 2020 and 2019 | 7 |
Statement of Changes in Net Assets Available for Plan Benefits for the year ended December 31, 2020 | 8 |
Notes to Financial Statements | 9 |
| |
Supplemental Schedules | |
Form 5500, Schedule G, Part III - Schedule of Nonexempt Transactions | 18 |
Form 5500, Schedule H, Line 4i-Schedule of Assets (Held at End of Year) | 19 |
| |
Signature | 42 |
| |
Consents of Independent Registered Public Accounting Firms | Exhibit 23 |
Note: All schedules other than that listed above have been omitted since the information is either disclosed elsewhere in the financial statements or not required by 29 CFR 2520.103-10 of the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974, as amended.
3
Report of Independent Registered Public Accounting Firm
Plan Administrator and Participants
Edison 401(k) Savings Plan
Rosemead, California
Opinion on the Financial Statements
We have audited the accompanying statement of net assets available for benefits of Edison 401(k) Savings Plan (the Plan) as of December 31, 2020, the related statement of changes in net assets available for benefits for the year then ended, and the related notes to the financial statements (collectively, the financial statements). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2020, and the changes in net assets available for benefits for the year then ended, in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on the Plan's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.
Report on Supplemental Information
The supplemental information in the accompanying schedule of nonexempt transactions for the year ended December 31, 2020, and the schedule of assets (held at end of year) as of December 31, 2020, have been subjected to audit procedures performed in conjunction with the audit of the Plan's financial statements. The supplemental information is presented for the purpose of additional analysis and is not a required part of the financial statements but includes supplemental 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 information is the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information in the accompanying schedules, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information in the accompanying schedules is fairly stated in all material respects in relation to the financial statements as a whole.
4
Other Matter - 2019 Financial Statements
The financial statements of the Plan as of December 31, 2019, were audited by other auditors whose report, dated June 26, 2020, expressed an unmodified opinion on those statements.
/s/ Vasquez & Company LLP
We have served as the Plan's auditor since 2021.
Glendale, California
June 29, 2021
5
Report of Independent Registered Public Accounting Firm
Plan Administrator and Participants
Edison 401(k) Savings Plan
Rosemead, California
Opinion on the Financial Statements
We have audited the accompanying statement of net assets available for benefits of the Edison 401(k) Savings Plan (the "Plan") as of December 31, 2019, and the related notes (collectively, the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2019, in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on the Plan's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan's internal control over financial reporting. Accordingly, we express no such opinion.
Our audit included performing procedures to assess the risk of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by the Plan's management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.
/s/ BDO USA, LLP
We served as the Plan's auditor from 2001 to 2020.
Costa Mesa, California
June 26, 2020
6
| | December 31, | ||||
(in thousands) |
| 2020 |
| 2019 | ||
Assets | | | | | | |
Investments, at fair value | | $ | 5,230,340 | | $ | 4,748,365 |
Receivables | |
| | |
|
|
Notes receivable from participants | |
| 81,957 | |
| 84,843 |
Dividends receivable | |
| 5,115 | |
| 4,835 |
Receivable from brokers and other | |
| 13,807 | |
| 12,412 |
Total receivables | |
| 100,879 | |
| 102,090 |
Total assets | |
| 5,331,219 | |
| 4,850,455 |
| | | | | | |
Liabilities | |
|
| |
|
|
Payable to brokers and other | |
| 61,961 | |
| 49,536 |
Total liabilities | |
| 61,961 | |
| 49,536 |
| | | | | | |
Net assets available for plan benefits | | $ | 5,269,258 | | $ | 4,800,919 |
See accompanying notes to financial statements.
7
|
| For the year ended | |
(in thousands) |
| December 31, 2020 | |
Additions |
| |
|
Investment income |
| |
|
Dividends | | $ | 31,356 |
Interest income and other | |
| 10,275 |
Net appreciation in fair value of investments | |
| 527,402 |
Total investment income | |
| 569,033 |
Interest income on notes receivable from participants | |
| 4,448 |
Contributions | |
| |
Employer contributions, net of forfeitures | |
| 92,184 |
Participant and rollover contributions | |
| 164,270 |
Total net contributions | |
| 256,454 |
Total additions | |
| 829,935 |
| | | |
Deductions | |
|
|
Management fees | |
| (4,625) |
Distributions to participants | |
| (356,971) |
Total deductions | |
| (361,596) |
| | | |
Net Increase | |
| 468,339 |
Net assets available for plan benefits | |
|
|
Beginning of year | |
| 4,800,919 |
End of year | | $ | 5,269,258 |
See accompanying notes to financial statements.
8
1. Plan Description
The following description of the Edison 401(k) Savings Plan (the "Plan") provides only general information. The Plan sponsor is the Southern California Edison Company ("SCE", the "Plan Sponsor"). Participants should refer to the summary plan description and Plan document, as amended, for a more complete description of the Plan’s provisions.
Nature of Plan
Eligibility
The Plan is a defined-contribution plan with a 401(k) feature, in which qualifying full-time and part-time employees of Edison International (the "Company") and subsidiary companies, including SCE, are eligible to participate. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 ("ERISA"), as amended. An employee, as defined by the Plan document, is eligible to participate in the Plan immediately upon employment.
Contributions
Subject to statutory limits, all participants may defer pre-tax and after-tax dollars up to 84% of eligible pay. Participating employers provide matching contributions up to 6% of a participant’s eligible pay. The Company allows employees who have attained age fifty before the close of a Plan year to make catch up contributions subject to Internal Revenue Service ("IRS") limitations. The Plan also accepts rollover contributions from other qualified plans. In addition to the matching contributions mentioned above, employees hired by the Company on or after December 31, 2017 will receive noncontributory employer contributions of 6% for non-represented employees and 4-6%, based on age and service points, for represented employees.
Vesting
Participants immediately vest in their contributions plus actual earnings thereon. Employer contributions plus actual earnings thereon vest at a rate of 20% per year. After five years of service or reaching age 65, all existing and future employer contributions and their related earnings are fully vested.
Forfeitures
Forfeited non-vested accounts are used to offset employer contributions. At December 31, 2020 and 2019, the unused portion of forfeited non-vested accounts totaled approximately $31,000 and $19,000, respectively. During 2020, there were $1,029,000 of new forfeited non-vested accounts, of which approximately $1,017,000 were used to reduce employer contributions.
Plan Trust
Plan assets are held in a trust with State Street Bank and Trust Company (the "Trustee") for the benefit of participants and their beneficiaries. The mutual covenants to which the Plan Sponsor and the Trustee agree are disclosed in the trust agreement between the Plan Sponsor and the Trustee. Participants should refer to the trust agreement for a more complete description of the mutual covenants.
Plan Administration
The Plan is administered by the Southern California Edison Company Benefits Committee (the "Plan Administrator") and Conduent Inc. is the Plan’s record keeper. The Plan provides to participants a detailed description of each investment fund choice and lists the respective investment manager.
9
Administrative and Investment Expenses
The Plan Sponsor pays the cost of administering the Plan, including fees and expenses of the Trustee and record keeper. The fees, taxes and other expenses incurred by the Trustee or investment managers in making investments are paid out of the applicable investment funds. These expenses also include brokerage fees for sales or purchases of Edison International Common Stock on the open market. No additional costs are incurred in connection with sales of Edison International Common Stock within the trust or the transfer of assets between funds.
Participant Accounts
Each participant account is adjusted for certain activities, including a participant’s contribution, the employer’s contribution, distributions, loan activities, and allocation of investment earnings (losses) and related expenses. Allocation of earnings (losses) and related expenses is based on account balances. The benefit to which a participant is entitled is the benefit that can be provided from the vested portion of the participant’s account.
Notes Receivable from Participants
Participants may borrow from the vested portion of their account, a minimum of $1,000 to a maximum of $50,000, with certain restrictions. Loan transactions are treated as transfers from (to) the investment fund to (from) participant loans. Loan terms range from one to four years for general purpose loans or up to 15 years for the purchase of a primary residence. Loans bear interest at the prime rate in effect at time of loan issuance plus one percent. Interest rates on outstanding loans range from 4.23% to 10.51% as of December 31, 2020 and mature on various dates through January 2036. Principal and interest are paid ratably through payroll deductions and are reinvested in the participant’s account. Some separated participants may repay loan obligations directly, rather than through payroll deductions. Participant loans amounted to approximately $81,957,000 and $84,843,000 as of December 31, 2020 and 2019, respectively.
Distributions to Participants
Account balances are distributed as soon as practicable after a participant dies, becomes entitled to and requests a distribution, or terminates employment with an account balance of $5,000 or less. Participants may otherwise delay distribution, subject to the minimum distribution requirements under Internal Revenue Code ("IRC") Section 401(a)-(9). Participants may receive lump sum distributions. An installment form of distribution payment is also available to certain participants. In-service withdrawals may be taken from after-tax contributions, upon attainment of age 59½, or for certain financial hardships. Participants taking in-service withdrawals will be required to pay all applicable taxes on the withdrawals and may be subject to penalty taxes for early withdrawals taken prior to age 59½. Participants who terminate employment with a vested account balance greater than $1,000 but less than or equal to $5,000 will have their vested account balance automatically rolled over to individual retirement accounts ("IRA") selected by the Chair or Secretary of the Plan Administrator, unless the participants make a timely distribution election.
CARES Act
In March 2020, the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act") became law. The CARES Act, among other things, includes several relief provisions available to tax-qualified retirement plans and their participants. The Benefits Committee evaluated the relief provisions under the CARES Act available to plan participants and implemented the following provisions to qualified individuals, those who themselves or whose spouse/dependent was diagnosed with COVID-19 or experienced adverse financial consequences due to COVID-19:
● | In-service withdrawals of up to $100,000 of vested balance available through December 31, 2020, after first taking all available loans from the Plan. |
● | A temporary additional loan and relaxation of current requirements for loans taken through September 22, 2020, based on the lesser of 50% of the vested account balance or $50,000. |
● | A temporary allowance for employees to defer loan repayments through December 31, 2020 for one year. |
10
The Setting Every Community Up for Retirement Enhancement Act ( the "SECURE Act") was passed into law in December 2019. In February 2020, the Required Minimum Distributions ("RMD") age was amended from age 70½ to age 72 under the provisions of the SECURE Act. In addition, following the CARES Act, the required minimum distributions that would have been due in 2020 as a result of a former employee reaching age 72 are temporarily waived.
2. Summary of Significant Accounting Policies
Basis of Accounting
The financial statements are prepared and presented on the accrual basis of accounting and in conformity with U.S. generally accepted accounting principles ("GAAP") applicable to employee benefit plans and ERISA.
Use of Estimates
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and changes therein, and disclosure of contingent assets and liabilities. Actual results could differ materially from those estimates.
Risks and Uncertainties
The Plan’s investment in Edison International Common Stock amounted to approximately $442,476,000 and $512,449,000 as of December 31, 2020 and 2019, respectively. Such investments represented approximately 8% and 11% of the Plan’s net assets as of December 31, 2020 and 2019. For risks and uncertainties regarding investment in the Company’s common stock, participants should refer to the Edison International annual report on Form 10-K for the year ended December 31, 2020, and the quarterly report on Form 10-Q for the period ended March 31, 2021.
The Plan provides for various funds that hold investment securities. Investment securities are exposed to various risks such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities and the level of uncertainty related to changes in the value of investment securities, it is at least reasonably possible that changes in risk in the near term could materially affect participants’ account balances and the amounts reported in the Statements of Net Assets Available for Plan Benefits and the Statement of Changes in Net Assets Available for Plan Benefits.
The Plan participates in various investment options that include securities of foreign companies, which involve special risks and considerations not typically associated with investing in U.S. companies. These risks include devaluation of currencies, less reliable information about issuers, different securities transaction clearance and settlement practices, and possible adverse political and economic developments. Moreover, securities of many foreign companies and their markets may be less liquid and their prices more volatile than securities of comparable U.S. companies.
Investment Valuation and Income Recognition
The Plan’s investments are stated at fair value. Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. See Note 3 for details.
Net Appreciation (Depreciation) in Fair Value of Investments
Realized and unrealized appreciation (depreciation) in the fair value of investments is based on the difference between the fair value of the assets at the beginning of the year, or at the time of purchase for assets purchased during the year, and the related fair value on the day investments are sold with respect to realized appreciation (depreciation), or on the last day of the year for unrealized appreciation (depreciation).
Notes Receivable from Participants
Notes receivable from participants are measured at their unpaid principal balance plus any accrued but unpaid interest.
11
Notes receivable from participants that are in default, as provided in the Plan document, are treated for tax purposes as deemed distributions for active participants or loan offsets for terminated participants and also reported as such in the Form 5500. For the year ended December 31, 2020, there were deemed distributions, excluding repayments, of approximately $41,000 and loan offsets of approximately $2,182,000 related to notes receivable from participants. The loan offsets are included in "Distributions to participants" in the Statements of Changes in Net Assets Available for Plan Benefits.
Distributions to Participants
Distributions to participants, other than notes receivable from participants, are recorded when paid.
New Accounting Guidance
Accounting Guidance Adopted
In June 2016, the Financial Accounting Standards Board ("FASB") issued an accounting standards update to require the use of the current expected credit loss model to measure impairment of financial assets measured at amortized cost and the use of an allowance to record estimated credit losses on available-for-sale debt securities. The Plan early adopted this guidance on January 1, 2020. The adoption of this guidance did not have a material impact on the Plan’s financial statements or disclosures.
In August 2018, the FASB issued an accounting standards update to remove, modify, and add certain disclosure requirements related to fair value measurement. The Plan adopted this guidance on January 1, 2020. The adoption of this guidance did not have a material impact on disclosures. See Note 3 for disclosures on fair value measurements.
Subsequent Events
The Plan has evaluated subsequent events through the date the financial statements were available to be issued.
3. Fair Value Measurements
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (referred to as an "exit price"). Fair value of an asset or liability considers assumptions that market participants would use in pricing the asset or liability, including assumptions about nonperformance risk. The Plan categorizes financial assets and liabilities into a three-level fair value hierarchy based on valuation inputs used to derive fair value. The hierarchy gives the highest priority to unadjusted quoted market prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are:
● | Level 1: The fair value of Level 1 assets and liabilities is determined using unadjusted quoted prices in active markets that are available at the measurement date for identical assets and liabilities; |
● | Level 2: Pricing inputs other than Level 1 that are observable, either directly or indirectly, such as quoted market prices for similar assets; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the financial instrument; and |
● | Level 3: The fair value of Level 3 assets and liabilities is determined using the income approach through various models and techniques that require significant unobservable inputs. The Plan does not have any Level 3 assets and liabilities. |
The asset or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques maximize the use of observable inputs and minimize the use of unobservable inputs. There were no changes in the valuation methods during 2020 and 2019. Plan assets carried at fair value are described below.
12
Edison International Common Stock and investments in equity mutual funds are valued at the unadjusted quoted prices in active or highly liquid and transparent markets and are classified as Level 1.
Investments in separately managed accounts ("separate accounts") are managed by external investment managers and include the following: Cash and short-term interest bearing investments with initial maturities of three months or less are recorded at cost, plus accrued interest, which approximates fair value. The value of equity investments, real estate investment trusts, and US Treasury investments in separate accounts is based on quoted market prices in active or highly liquid and transparent markets and is therefore classified as Level 1. The fair value of fixed income investments, including asset-backed securities, in separate accounts is based on evaluated prices that reflect significant observable market information but are classified as Level 2 because they trade in markets that are not considered active. Separate accounts also include minor investments in derivative contracts, including options and futures traded in active markets and swap contracts valued at fair value, as determined by the investment managers taking into consideration exchange quotations on underlying instruments, dealer quotations and other market information.
The self-directed brokerage accounts contain investments stated at quoted market prices for equities and mutual funds, and therefore, are classified as Level 1. Fixed income investments in this category are classified as Level 2.
The preceding methods described may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, although the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.
The following presents information about the Plan’s investments that are measured at fair value on a recurring basis as of December 31, 2020 and 2019, by level within the fair value hierarchy:
| | Investments at Fair Value as of December 31, 2020 | ||||||||||
(in thousands) |
| Level 1 |
| Level 2 |
| NAV 1 |
| Total | ||||
Edison International Common Stock Fund | | $ | 442,476 | | $ | — | | $ | — | | $ | 442,476 |
Money market fund | |
| 2,054 | | | — | | | 465,138 | |
| 467,192 |
Self-directed brokerage accounts | |
| 780,624 | | | 8,027 | | | — | |
| 788,651 |
Mutual fund | |
| 244,634 | | | — | | | — | |
| 244,634 |
Collective investment funds | |
| 67 | | | — | | | 2,461,482 | |
| 2,461,549 |
Separate managed funds: | |
| | | | | | | | |
|
|
Cash and other short-term investments | |
| 4,591 | | | 2,370 | | | 22,111 | |
| 29,072 |
Mutual funds | |
| — | | | — | | | 32,127 | |
| 32,127 |
Fixed income securities 2 | |
| 41,213 | | | 217,382 | | | — | |
| 258,595 |
Common and preferred stocks | |
| 498,022 | | | 75 | | | — | |
| 498,097 |
Other | |
| — | | | 7,947 | | | — | |
| 7,947 |
Total separate managed funds | |
| 543,826 | |
| 227,774 | |
| 54,238 | |
| 825,838 |
Total investments at fair value | | $ | 2,013,681 | | $ | 235,801 | | $ | 2,980,858 | | $ | 5,230,340 |
13
| | Investments at Fair Value as of December 31, 2019 | ||||||||||
(in thousands) |
| Level 1 |
| Level 2 |
| NAV 1 |
| Total | ||||
Edison International Common Stock Fund | | $ | 510,433 | | $ | — | | $ | 2,016 | | $ | 512,449 |
Money market fund | |
| 2,129 | |
| — | |
| 424,804 | |
| 426,933 |
Self-directed brokerage accounts | |
| 581,073 | |
| 7,653 | |
| — | |
| 588,726 |
Mutual fund | |
| 216,856 | |
| — | |
| — | |
| 216,856 |
Collective investment funds | |
| — | |
| — | |
| 2,202,720 | |
| 2,202,720 |
Separate managed funds: | |
|
| |
|
| |
|
| |
|
|
Cash and other short-term investments | |
| 6,458 | |
| 1,004 | |
| 8,322 | |
| 15,784 |
Mutual funds | |
| — | |
| — | |
| 605 | |
| 605 |
Fixed income securities 2 | |
| 53,897 | |
| 203,310 | |
| — | |
| 257,207 |
Common and preferred stocks | |
| 521,059 | |
| 276 | |
| — | |
| 521,335 |
Other | |
| — | |
| 5,750 | |
| — | |
| 5,750 |
Total separate managed funds | |
| 581,414 | |
| 210,340 | |
| 8,927 | |
| 800,681 |
Total investments at fair value | | $ | 1,891,905 | | $ | 217,993 | | $ | 2,638,467 | | $ | 4,748,365 |
1 | These investments are measured at fair value using the net asset value ("NAV") per share practical expedient and have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts in the Statement of Net Assets Available for Plan Benefits. |
2 | The majority of dollar amounts of these securities consist of corporate bonds, U.S. government securities and agency securities including U.S. treasury notes and bonds. |
There were no investments classified as Level 3 held by the Plan during 2020 and 2019.
Fund Investments Valued at Net Asset Value per Share as a Practical Expedient
NAV is used as a practical expedient to estimate fair value and is based on the fair value of the underlying investments held by the fund less its liability. This practical expedient is not used if it is determined to be probable that the investment will be sold for an amount different from the reported NAV. The following table summarizes investments measured at fair value based on NAV per share:
| | December 31, 2020 | |||||||
|
| | |
| |
| Redemption |
| |
| | | |
| Unfunded |
| Frequency |
| Redemption Notice |
(in thousands) |
| Fair Value |
| Commitments |
| (if currently eligible) |
| Period | |
Money market fund 1 | | $ | 487,249 |
| Not applicable |
| Daily |
| None |
Mutual fund 2 | |
| 32,127 |
| Not applicable |
| Daily |
| None |
Collective investment funds 3 | |
| 2,461,482 |
| Not applicable |
| Daily |
| None |
Total | | $ | 2,980,858 |
|
|
|
|
|
|
14
| | December 31, 2019 | |||||||
|
| | |
| |
| Redemption |
| |
| | | |
| Unfunded |
| Frequency |
| Redemption Notice |
(in thousands) |
| Fair Value |
| Commitments |
| (if currently eligible) |
| Period | |
Money market fund 1 | | $ | 435,142 |
| Not applicable |
| Daily |
| None |
Mutual fund 2 | |
| 605 |
| Not applicable |
| Daily |
| None |
Collective investment funds 3 | |
| 2,202,720 |
| Not applicable |
| Daily |
| None |
Total | | $ | 2,638,467 |
|
|
|
|
|
|
1 | For the years ended December 31, 2020 and 2019, the combined money market fund investments of $487,249 and $435,142, respectively, are all invested in the State Street Money Market Fund, including $22,111 and $8,322, respectively, in separate managed funds "Cash and short-term investments." 2019 money market fund investment also included $2,016 in the "Edison International common stock fund." |
The State Street money market fund seeks to provide safety of principal, daily liquidity and a competitive yield over the long term. The fund invests in a diversified portfolio of securities including securities guaranteed by the U.S. Government or its agencies; debt securities of domestic or foreign corporations, mortgage-backed and other asset-backed securities, municipal bonds, structured notes, loan participations, revolving credit facilities, repurchase agreements and bank certificates of deposit.
2 | The investment objective of the bond mutual fund within the separately managed accounts is to seek maximum current income, consistent with preservation of capital and daily liquidity. |
3 | For the years ended December 31, 2020 and 2019, collective investment funds consist of fixed income index funds that seek to track the Barclays Capital Aggregate Bond Index, equity index funds that seek to track the performance of the Standard and Poor’s 500 index, the Russell 2500 index, and the MSCI AC World Index (excluding the U.S.). |
4. Investment Elections
The Trustee invests contributions in accordance with participant instructions.
Participants may elect changes to their investment mix effective each business day, with certain restrictions. The Plan imposes a seven-day trading restriction that applies to all funds except the Edison International Common Stock Fund. Reallocation elections may also be subject to redemption fees, or other measures imposed by investment fund managers. Participants may effect changes to their deferral percentages and deferral investment elections coincident with their pay frequency.
The transfer of a participant’s investment from one fund to any other fund is based on the net asset value of the units allocated to the participant’s account, as of close of market on the date of transfer.
5. Investment Options
As of December 31, 2020, all participants were able to choose from among 19 investment fund offerings. These investment funds consisted of the following:
● | Tier 1 – Ten Target Date Funds: Premixed allocation of stocks, bonds and cash. Each Target Date fund is built from a combination of the Tier 2 core funds and designed to be more conservative over time as each fund approaches its target date. |
● | Tier 2 – Edison International Common Stock Fund and Seven Institutional Funds representing a range of asset classes: large and small U.S. stocks (including Edison International Common Stock), cash equivalents, non-U.S. stocks, real assets and fixed income instruments, with varying degrees of risk and return. |
● | Tier 3 – Self-Directed Brokerage Accounts: Allows participants to select investments from among thousands of publicly traded securities including individual equities, mutual funds, fixed income products, exchange traded funds, real estate investment trusts, and taxable unit investment trusts. |
15
The Plan Sponsor’s Trust Investment Committee may direct the Trustee to establish new investment funds or discontinue existing ones as well as change the investment medium for each investment fund. Participants should refer to the summary plan description for a more complete discussion of the various investment options.
Effective close of market on June 29, 2021, new investment in the Edison International Common Stock Fund will be closed to new investment, including deferrals and contributions. Amounts currently invested in the Edison International Common Stock Fund may remain invested there.
6. Reconciliation of Financial Statements to Form 5500
The following is a reconciliation of net assets available for plan benefits per the financial statements to the Form 5500:
| | December 31, | ||||
(in thousands) |
| 2020 |
| 2019 | ||
Net assets available for plan benefits per the financial statements | | $ | 5,269,258 | | $ | 4,800,919 |
Less: Amounts allocated to withdrawing participants | |
| (96) | |
| (376) |
Less: Deemed distributions of participant loans | |
| (1,114) | |
| (1,150) |
Net assets available for plan benefits per the Form 5500 | | $ | 5,268,048 | | $ | 4,799,393 |
The following is a reconciliation of total deductions per the financial statements to the Form 5500:
|
| For the year ended | |
(in thousands) |
| December 31, 2020 | |
Total distribution to participants per the financial statements | | $ | 356,971 |
Add: Amounts allocated to withdrawing participants at December 31, 2020 | |
| 96 |
Add: Deemed distributions of participant loans at December 31, 2020 | |
| 1,114 |
Less: Amounts allocated to withdrawing participants at December 31, 2019 | |
| (376) |
Less: Deemed distributions of participant loans at December 31, 2019 | |
| (1,150) |
Benefits paid to participants per the Form 5500 | | $ | 356,655 |
Amounts allocated to withdrawing participants are recorded on the Form 5500 for benefit claims that have been processed and approved for payment prior to December 31 but not paid as of that date. Deemed distributions are defaulted and unpaid participant loans of active participants that are disallowed on the Form 5500.
7. Related-Party Transactions
Certain Plan investments, including investments held in the trust, are shares of funds managed by the Trustee. The Plan also invests in the Edison International Common Stock Fund and receives services from the Plan Sponsor. In addition, the Plan issues loans to participants, see "Notes Receivable from Participants" in Note 1 for more details. These transactions qualify as party-in-interest transactions under ERISA.
The money market fund is managed by State Street Bank and Trust Company, which also serves as the Plan’s Trustee. Fees earned by the Trustee in its capacity as fund manager for the Plan were approximately $224,000 for 2020 and were reported as "Management fees" on the Statement of Changes in Net Assets Available for Plan Benefits.
The Plan’s investment options include the Company’s Common Stock as a fund option. See Note 2 for a discussion of the amount of the Plan’s investment in the Company’s Common Stock. In addition, State Street Global Advisors, an affiliate of State Street Bank and Trust Company, is the investment manager of the Edison International Common Stock Fund. Fees earned by State Street Global Advisors in its capacity as the investment manager of the Edison International Common Stock Fund were approximately $81,000 for 2020 and were reported as "Management fees" on the Statement of Changes in Net Assets Available for Plan Benefits.
See Note 10 regarding Edison International Common Stock Fund dividend payments and Note 11 regarding a prohibited transaction.
16
8. Plan Termination
Although it has not expressed intent to do so, the Plan Sponsor has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participants will become fully vested in their accounts. The Trust will continue after termination until all Trust assets have been distributed to participants and their beneficiaries.
9. Tax Status
The IRS has determined and informed the Plan Sponsor by a letter dated June 15, 2017 that the Plan and related trust are designed in accordance with the applicable qualification sections of the IRC. The Plan has been amended since receiving the determination letter. However, the Plan Administrator believes that the Plan, as amended, is designed in compliance with the applicable qualification requirements of the IRC, and that the Plan continues to be tax exempt. In addition, the Plan Administrator is not aware of any unaddressed operational issues for which corrective action is not being taken that will prevent the continuation of the Plan’s qualified tax status.
10. Employee Stock Ownership Plan
The Edison International Common Stock Fund constitutes an employee stock ownership plan that allows for the current distribution of dividends to the accounts of all participants through the Plan. Such distributions amounted to approximately $2,372,000 for the year ended December 31, 2020. On December 10, 2020, the Board of Directors of Edison International declared a common stock dividend of $0.6625 per share which was paid on January 31, 2021 to the shareholders of record as of December 31, 2020. As the record date was at year end, dividend income of $0.6625 per share amounting to approximately $4,661,000 was accrued and included in "Dividends receivable" in the accompanying financial statements at December 31, 2020. For the year ended December 31, 2019, approximately $4,289,000 was accrued in dividend receivable and paid on January 31, 2020.
11. Prohibited Transaction
Through an administrative error, on April 26, 2013, SCE borrowed $380,546 from the Plan, which constituted a prohibited transaction under ERISA. In March 2020, SCE repaid $380,546 to the Plan, along with $191,310 of lost earnings calculated under the Department of Labor fiduciary correction program. The prohibited transaction had no impact on participant accounts and was reflected as "Interest income and other" in the Statement of Changes in Net Assets and as a "Receivable from brokers and other" in the Statements of Net Assets Available for Plan Benefits in 2019, the year it was discovered.
In May 2020, SCE submitted the related Form 5330 excise tax filings and paid $72,192 to the IRS.
17
Form 5500 Schedule G, Part III - Schedule of Nonexempt Transactions | Edison 401(k) Savings Plan |
| | | | | | | | | | | | | | | | | | | | | EIN: 95-1240335 | ||||
| | | | | | | | | | | | | | | | | | | | | Plan Number: 002 | ||||
(a) |
| (b) |
| (c) |
| (d) |
| (e) |
| (f) |
| (g) |
| (h) |
| (i) |
| (j) | |||||||
| | | | Description of | | | | | | | | | | | | | | | | | | | | | |
|
| Relationship |
| transactions, |
| | |
| | |
| | |
| Expenses |
| | |
| | |
| | ||
|
| to plan, |
| including maturity | | | | | | | | | |
| incurred in | | | |
| |
| Net gain | |||
|
| employer, or |
| date, rate of interest, | | | | | | |
| connection | | | | Current |
| or (loss) | |||||||
Identity of | | other party | | maturity date, rate | | Purchase | | Selling | | Lease | | with | | Cost of | | value of | | on each | |||||||
party involved | | in interest | | par or maturity value | | price | | price | | rental |
| transaction | | asset | | asset | | transaction | |||||||
Southern California Edison Company |
| Plan Sponsor |
| In 2013, SCE borrowed $380,546 from the Plan. In March 2020, SCE repaid $380,546 to the Plan, along with $191,310 of lost earnings. | | $ | 380,546 | | $ | — | | $ | — | | $ | — | | $ | 380,546 | | $ | 571,856 | | $ | 191,310 |
18
Form 5500 Schedule H, Line 4i - Schedule of Assets (Held at End of Year) | Edison 401(k) Savings Plan |
| |
| |
| EIN: 95‑1240335 | |||
| | | | | Plan Number: 002 | |||
| | | | | | | | |
(a) | (b) | | (c) | | (d) |
| (e) | |
| Identity of Issue, Borrower, | | Description of Investment Including Maturity Date, | | | | Current Value | |
| Lessor, or Similar Party | | Rate of Interest, Par or Maturity Value | | Cost** | | (in thousands) | |
Edison International common stock fund |
|
|
|
|
| | | |
* | Edison International |
| Common stock - no par value |
| | | $ | 442,476 |
Money market fund |
|
|
|
| |
| | |
* | State Street Bank & Trust Co. |
| Money market fund - collective instrument in the State Street Bank short-term income fund |
| | |
| 467,192 |
Investment funds |
|
|
|
| |
|
| |
| BlackRock Global Investors |
| Collective investment in the core Standard & Poor 500 index fund |
| | |
| 1,095,106 |
| PIMCO*** |
| Separate managed account in the core bond fund |
| | |
| 168,860 |
| BlackRock Global Investors |
| Collective investment in the core bond fund |
| | |
| 134,060 |
| Dodge & Cox*** |
| Separate managed account in the core bond fund |
| | |
| 150,012 |
| Harding Loevner |
| Collective investment in the core international stock fund |
| | |
| 254,414 |
| Dodge & Cox |
| Mutual fund in the core international stock fund |
| | |
| 244,634 |
| BlackRock Global Investors |
| Collective investment in the core international stock fund |
| | |
| 244,550 |
| BlackRock Global Investors |
| Collective investment in the core Standard & Poor 500 index -large company stock fund |
| | |
| 218,650 |
| Jackson Square Partners*** |
| Separate managed account in the core U.S. small-medium company stock fund |
| | |
| 77,150 |
| BlackRock Global Investors |
| Collective investment in the core U.S. small-medium company stock fund |
| | |
| 138,905 |
| Next Century*** |
| Separate managed account in the core U.S. small-medium company stock fund |
| | |
| 103 |
| AJO Partners*** |
| Separate managed account in the core U.S. small-medium company stock fund |
| | |
| 120 |
| Loomis Sayles*** |
| Separate managed account in the core U.S. large company stock fund |
| | |
| 212,690 |
| T. Rowe Price*** |
| Separate managed account in the core U.S. large company stock fund |
| | |
| 216,835 |
| Blackrock Global Investors |
| Collective Investment in core real assets fund |
| | |
| 50,145 |
| Blackrock Global Investors |
| Collective Investment in global real estate investment trust fund |
| | |
| 28,958 |
| Blackrock Global Investors |
| Collective Investment in short term treasury inflation protected securities fund |
| | |
| 67,276 |
| Blackrock Global Investors |
| Collective Investment in the commodities fund |
| | |
| 20,894 |
| Cardinal Capital |
| Collective investment in the core U.S. small-medium company stock fund |
| | |
| 70,332 |
| Hood River Capital |
| Collective investment in the core U.S. small-medium company stock fund |
| | |
| 79,736 |
| BlackRock Global Investors*** |
| Separate managed account in the core U.S. small-medium company stock fund |
| | |
| 68 |
| Westwood | | Westwood US Small- Med Comp Stock | | | | | 62 |
| BlackRock Global Investors | | RUSSELL 2000 Value fund | | | | | 58,461 |
| |
| Total Investment funds |
| | | | 3,532,021 |
19
Self-directed brokerage accounts |
|
|
| | |
|
| |
| Charles Schwab |
| Self-directed brokerage accounts |
| | |
| 788,651 |
| |
| Total investments |
| | | | 5,230,340 |
Notes receivable from participants |
|
|
|
| |
|
| |
* | Notes receivable from participants |
| Loans with maturities varying from one to four years -or up to 15 years for purchase of a primary residence and interest rates of 4.23% to 10.51% |
| | |
| 81,957 |
| |
| Total |
| | | $ | 5,312,297 |
* | Party-in-interest |
** | Investments are participant-directed; therefore, disclosure of cost is not required. |
*** | See investment details of the separate managed investments in the appendix of the Schedule of Assets. |
20
Appendix of Schedule H – Schedule of Assets (Held at End of Year) December 31, 2020 | Edison 401(k) Savings Plan EIN 95-1240335 Plan Number 002 |
(a) |
| (b) |
| (c) |
| (e) | |
| | Identity of Issuer, | | | | | |
|
| Borrower, Lessor, or | | |
| Current Value | |
|
| Similar Party |
| Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value |
| (in thousands) | |
|
| PIMCO |
| 3175129F0 ITRAXX.O C0.425 FEB21 0.425 CALL |
| $ | (2) |
| | |
| 317516RE4 OTC EPUT G2 2.5 103.3671875 | |
| 1 |
| | |
| 317535N65 OTC EPUT G2 2.5 103.59375 | |
| 1 |
| | |
| 3175409U8 ITRAXX.O P 1.05 JAN21 1.05 PUT | |
| 1 |
| | |
| 31754R9H8 ITRAXX EU34 5Y JAN21 0.9 PUT | |
| 1 |
| | |
| 317567220 PIMCO CDSOPT CALL EUR 0.375 20210421 | |
| (6) |
| | |
| 31758A9E8 ITRAXX.O P1.00 JAN21 1 PUT | |
| 1 |
| | |
| 31758AFE1 ITRAXX P EU34 5Y JAN21 0.9 PUT | |
| 1 |
| | |
| 3175DA290 CDX IG35 5Y V1 JAN21 1.1 PUT | |
| 1 |
| | |
| 3175GS876 CDX.O P 1.00 IG34 JAN21 1 PUT | |
| 1 |
| | |
| 3175JL035 CDX.O P 98.25 JAN21 98.25 PUT | |
| 1 |
| | |
| 3175PPGG3 ITRAXX.O C0.425 MAR21 0.425 CALL | |
| (2) |
| | |
| 317U031X3 IRO USD 30Y P1.49125 JAN21 1.49125 PUT | |
| 1 |
| | |
| 317U032V6 IRO GBP 30Y P 1.32 JAN21 1.32 PUT | |
| (14) |
| | |
| 317U033V5 IRO USD 10Y P 2.21 JAN21 2.21 PUT | |
| 6 |
| | |
| 317U033X1 IRO USD 30Y C1.13125 JAN21 1.13125 CALL | |
| 2 |
| | |
| 317U034V4 IRO USD 10Y P 2.21 JAN21 2.21 PUT | |
| 8 |
| | |
| 317U048X4 IRO USD 30Y C1.1 JAN21 1.1 CALL | |
| 2 |
| | |
| 317U097X4 IRO USD 30Y C1.11 JAN21 1.11 CALL | |
| 2 |
| | |
| 317U107X2 IRO USD 30Y P1.51 JAN21 1.51 PUT | |
| 1 |
| | |
| 317U108X1 IRO USD 30Y C1.21 JAN21 1.21 CALL | |
| 1 |
| | |
| 317U123X2 IRO USD 10Y P1.070 JAN21 1.070 PUT | |
| 1 |
| | |
| 317U124X1 IRO USD 10Y C0.83 JAN21 0.83 CALL | |
| 1 |
| | |
| 317U128X7 IRO USD 30Y P1.57 JAN21 1.57 PUT | |
| 2 |
| | |
| 317U129X6 IRO USD 30Y C1.270 JAN21 1.270 CALL | |
| 1 |
| | |
| 317U141X0 IRO EUR 30Y MAR23 0 PUT | |
| (2) |
| | |
| 317U142X9 IRO EUR 10Y P0.175 MAR23 0.175 PUT | |
| 1 |
| | |
| 317U143X8 IRO USD 30Y P1.598 JAN21 1.598 PUT | |
| 2 |
| | |
| 317U144X7 IRO USD 30Y C1.298 JAN21 1.298 CALL | |
| 1 |
| | |
| 317U179X5 IRO EUR 10Y P0.1750 MAR23 NEG0.1750 PUT | |
| (1) |
| | |
| 317U195X5 PIMCO SWAPTION 0.01524 PUT USD 20210 | |
| 1 |
| | |
| 317U196X4 PIMCO SWAPTION 0.01224 CALL USD 2021 | |
| 1 |
| | |
| 317U609W7 IRO USD 30Y C DEC20 0.86 CALL | |
| 4 |
| | |
| 90DAY EUR FUTR MAR21 XCME 20210315 | |
| 112 |
| | |
| ACE SECURITIES CORP. ACE 2004 HE4 M1 | |
| 197 |
| | |
| ADVENT HEALTH SYSTEM UNSECURED 09/24 2.433 | |
| 104 |
| | |
| AEP TEXAS INC SR UNSECURED 07/30 2.1 | |
| 418 |
| | |
| AERCAP IRELAND CAP/GLOBA COMPANY GUAR 07/22 4.625 | |
| 316 |
| | |
| AERCAP IRELAND CAP/GLOBA COMPANY GUAR 07/23 4.125 | |
| 429 |
| | |
| AIR LEASE CORP SR UNSECURED 06/21 3.375 | |
| 303 |
| | | | AIR LEASE CORP SR UNSECURED 09/23 3 | | | 315 |
| | | | AIRCASTLE LTD SR UNSECURED 02/22 5.5 | | | 313 |
| | | | AIRCASTLE LTD SR UNSECURED 03/21 5.125 | | | 101 |
| | | | ALBA PLC ALBA 2006 2 A3B REGS | | | 202 |
21
Appendix of Schedule H – Schedule of Assets (Held at End of Year) December 31, 2020 | Edison 401(k) Savings Plan EIN 95-1240335 Plan Number 002 |
(a) |
| (b) |
| (c) |
| (e) | |
| | Identity of Issuer, | | | | | |
|
| Borrower, Lessor, or | | |
| Current Value | |
|
| Similar Party |
| Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value |
| (in thousands) | |
|
| PIMCO |
| ALLEGION US HOLDING CO COMPANY GUAR 10/24 3.2 | | $ | 107 |
| | |
| ALTRIA GROUP INC COMPANY GUAR 02/26 4.4 | | | 1,045 |
| | |
| AMER AIRLN 14 1 A PTT PASS THRU CE 04/28 3.7 | | | 64 |
| | |
| AMERICAN CAMPUS CMNTYS COMPANY GUAR 07/26 3.3 | | | 109 |
| | |
| AMERICAN TOWER CORP SR UNSECURED 01/23 3.5 | | | 106 |
| | |
| APPLE INC SR UNSECURED 08/60 2.55 | | | 206 |
| | |
| ARGENTINE PESO | | | 123 |
| | |
| ARIZONA PUBLIC SERVICE SR UNSECURED 09/50 2.65 | | | 104 |
| | |
| ARROW ELECTRONICS INC SR UNSECURED 03/23 4.5 | | | 107 |
| | |
| ARROW ELECTRONICS INC SR UNSECURED 04/22 3.5 | | | 103 |
| | |
| AT+T INC SR UNSECURED 02/52 3.3 | | | 198 |
| | |
| AT+T INC SR UNSECURED 06/51 3.65 | | | 419 |
| | |
| AUTONATION INC COMPANY GUAR 01/21 3.35 | | | 100 |
| | |
| AUTONATION INC SR UNSECURED 06/30 4.75 | | | 241 |
| | |
| BAIDU INC SR UNSECURED 04/26 1.72 | | | 203 |
| | |
| BANCA MONTE DEI PASCHI S SR UNSECURED REGS 09/24 3.625 | | | 129 |
| | |
| BANCO BILBAO VIZCAYA ARG SR UNSECURED 09/25 1.125 | | | 202 |
| | |
| BAPTIST HEALTHCARE UNSECURED 08/50 3.54 | | | 112 |
| | |
| BARCLAYS PLC SR UNSECURED 05/24 VAR | | | 1,278 |
| | |
| BAT CAPITAL CORP COMPANY GUAR 09/26 3.215 | | | 661 |
| | |
| BBVA USA SR UNSECURED 08/24 2.5 | | | 425 |
| | |
| BEAR STEARNS ADJUSTABLE RATE M BSARM 2004 10 11A1 | | | 148 |
| | |
| BECTON DICKINSON AND CO SR UNSECURED 06/22 VAR | | | 303 |
| | |
| BOA FUTURES COC BOA FUTURES CCBOSXUS1 | | | 219 |
| | |
| BOC AVIATION LTD SR UNSECURED REGS 09/22 2.75 | | | 204 |
| | |
| BOEING CO SR UNSECURED 02/28 3.25 | | | 751 |
| | |
| BOEING CO SR UNSECURED 05/30 5.15 | | | 726 |
| | |
| BON SECOURS MERCY SECURED 06/50 3.205 | | | 107 |
| | |
| BRITISH TRA INTL FINANCE COMPANY GUAR REGS 11/21 0.0000 | | | 99 |
| | |
| BRIXMOR OPERATING PART SR UNSECURED 02/22 VAR | | | 500 |
| | |
| BROADCOM CRP / CAYMN FI COMPANY GUAR 01/23 2.65 | | | 208 |
| | |
| BROADCOM INC COMPANY GUAR 04/26 4.25 | | | 344 |
| | |
| BROADCOM INC COMPANY GUAR 04/30 5 | | | 243 |
| | |
| BWPC0JKD6 CDS USD P F 5.00000 1 CCPCDX | | | (37) |
| | |
| BWPC0JKD6 CDS USD R V 03MEVENT 2 CCPCDX | | | 31 |
| | |
| BWU00V8J0 IRS USD P F 2.25000 SWU00V8J0 CCPVANILLA | | | (128) |
| | |
| BWU00V8J0 IRS USD R V 03MLIBOR SWUV0V8J2 CCPVANILLA | | | 1 |
| | |
| BWU00XPH1 IRS USD P F 2.00000 SWU00XPH1 CCPVANILLA | | | (54) |
| | |
| BWU00XPH1 IRS USD R V 03MLIBOR SWUV0XPH3 CCPVANILLA | | | 7 |
| | |
| BWU015HX5 IRS USD P F 1.15000 SWU015HX5 CCPVANILLA | | | 274 |
| | | | BWU015HX5 IRS USD R V 03MLIBOR SWUV15HX7 CCPVANILLA | | | (30) |
| | | | BWU016SX1 IRS GBP P F .00000 SWU016SX1 CCPOIS | | | (52) |
| | | | BWU016SX1 IRS GBP R V 12MSONIA SWUV16SX3 CCPOIS | | | 47 |
| | | | BWU016T10 IRS GBP P F .50000 SWU016T10 CCPOIS | | | (118) |
22
Appendix of Schedule H – Schedule of Assets (Held at End of Year) December 31, 2020 | Edison 401(k) Savings Plan EIN 95-1240335 Plan Number 002 |
(a) |
| (b) |
| (c) |
| (e) | |
| | Identity of Issuer, | | | | | |
|
| Borrower, Lessor, or | | |
| Current Value | |
|
| Similar Party |
| Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value |
| (in thousands) | |
|
| PIMCO |
| BWU016T10 IRS GBP R V 12MSONIA SWUV16T12 CCPOIS | | $ | 91 |
| | |
| BWU0177O2 IRS USD P F 1.25000 SWU0177O2 CCPVANILLA | | | 37 |
| | |
| BWU0177O2 IRS USD R V 03MLIBOR SWUV177O4 CCPVANILLA | | | (34) |
| | |
| BWU017DB3 IRS BRL P F 2.88250 SWU017DB3 CCPNDFPREDISWAP | | | 2 |
| | |
| BWU017DB3 IRS BRL R V 00MBRCDI SWUV17DB5 CCPNDFPREDISWAP | | | (2) |
| | |
| CALIFORNIA ST CAS 04/47 FLOATING VAR | | | 400 |
| | |
| CANADIAN DOLLAR | | | (92) |
| | |
| CARLISLE COS INC SR UNSECURED 12/24 3.5 | | | 110 |
| | |
| CCBOSHUS6 BANK OF AMERICA CCPC CCBOSHUS6 BANK OF AMERICA CCPC | | | 843 |
| | |
| CCBOSZUS6 BOA CCPC COC CCBOSZUS6 BOA CCPC COC | | | 1,298 |
| | |
| CCPC CCFOBHUS0 COC CCPC CASH COLLATERAL USD | | | 8 |
| | |
| CELGENE CORP SR UNSECURED 08/22 3.25 | | | 519 |
| | |
| CHARTER COMM OPT LLC/CAP SR SECURED 04/51 3.7 | | | 727 |
| | |
| CHICAGO IL CHI 01/22 FIXED 5.63 | | | 91 |
| | |
| CITIGROUP COMMERCIAL MORTGAGE CGCMT 2016 C1 A4 | | | 111 |
| | |
| CITIGROUP INC SR UNSECURED 10/24 VAR | | | 705 |
| | |
| CITIGROUP MORTGAGE LOAN TRUST CMLTI 2005 8 3A1 | | | 93 |
| | |
| CITIZENS BANK NA/RI SR UNSECURED 02/26 3.75 | | | 455 |
| | |
| CNH INDUSTRIAL CAP LLC COMPANY GUAR 04/21 4.875 | | | 202 |
| | |
| COMCAST CORP COMPANY GUAR 01/51 2.8 | | | 417 |
| | |
| COMCAST CORP COMPANY GUAR 08/62 2.65 | | | 200 |
| | |
| COMM MORTGAGE TRUST COMM 2017 COR2 A3 | | | 227 |
| | |
| COMMONSPIRIT HEALTH SR SECURED 10/49 4.187 | | | 116 |
| | |
| COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2004 28CB 5A1 | | | 90 |
| | |
| COUNTRYWIDE HOME LOANS CWHL 2004 HYB2 6A | | | 46 |
| | |
| CRED SUIS GP FUN LTD COMPANY GUAR 09/22 3.8 | | | 634 |
| | |
| CREDIT SUISSE GROUP AG SR UNSECURED 04/26 4.55 | | | 353 |
| | |
| CSAIL COMMERCIAL MORTGAGE TRUS CSAIL 2015 C3 ASB | | | 484 |
| | |
| CVS HEALTH CORP SR UNSECURED 08/27 1.3 | | | 603 |
| | |
| DANISH KRONE | | | 1 |
| | |
| DELTA AIR LINES INC SR UNSECURED 03/22 3.625 | | | 309 |
| | |
| DELTA AIR LINES INC SR UNSECURED 04/21 3.4 | | | 101 |
| | |
| DEUTSCHE BANK NY SR UNSECURED 01/21 3.15 | | | 400 |
| | |
| DEUTSCHE BANK NY SR UNSECURED 11/22 3.3 | | | 521 |
| | |
| DTE ENERGY CO SR UNSECURED 06/25 1.05 | | | 303 |
| | |
| ENBRIDGE INC COMPANY GUAR 02/22 VAR | | | 300 |
| | |
| ENERGY TRANSFER LP SR UNSECURED 02/23 3.6 | | | 210 |
| | |
| ENERGY TRANSFER OPERATNG COMPANY GUAR 06/21 4.65 | | | 403 |
| | |
| ENTERGY ARKANSAS LLC 1ST MORTGAGE 06/51 2.65 | | | 205 |
| | |
| EQM MIDSTREAM PARTNERS L SR UNSECURED 07/23 4.75 | | | 421 |
| | | | EQT CORP SR UNSECURED 10/22 3 | | | 99 |
| | | | EURO CURRENCY | | | (22) |
| | | | EUROSAIL PLC ESAIL 2006 2X A2C REGS | | | 91 |
| | | | EVERNORTH HEALTH INC COMPANY GUAR 11/22 3.05 | | | 105 |
23
Appendix of Schedule H – Schedule of Assets (Held at End of Year) December 31, 2020 | Edison 401(k) Savings Plan EIN 95-1240335 Plan Number 002 |
(a) |
| (b) |
| (c) |
| (e) | |
| | Identity of Issuer, | | | | | |
|
| Borrower, Lessor, or | | |
| Current Value | |
|
| Similar Party |
| Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value |
| (in thousands) | |
|
| PIMCO |
| EVERSOURCE ENERGY SR UNSECURED 08/25 0.8 | | $ | 399 |
| | |
| EXELON GENERATION CO LLC SR UNSECURED 06/25 3.25 | | | 327 |
| | |
| FANNIE MAE FNR 2004 10 ZB | | | 56 |
| | |
| FANNIE MAE FNR 2012 55 PC | | | 1,124 |
| | |
| FANNIE MAE FNR 2013 36 JI | | | 42 |
| | |
| FANNIE MAE FNR 2015 38 DF | | | 66 |
| | |
| FANNIE MAE FNR 2015 87 BF | | | 99 |
| | |
| FANNIE MAE FNR 2019 28 FJ | | | 297 |
| | |
| FED HM LN PC POOL ZA6393 FR 03/49 FIXED 4 | | | 44 |
| | |
| FIRSTENERGY CORP SR UNSECURED 07/22 3.35 | | | 407 |
| | |
| FISERV INC SR UNSECURED 07/24 2.75 | | | 322 |
| | |
| FLEX LTD SR UNSECURED 02/23 5 | | | 324 |
| | |
| FLORIDA ST BRD OF ADMIN FIN CO FLSGEN 07/27 FIXED 1.705 | | | 311 |
| | |
| FMC CORP SR UNSECURED 10/26 3.2 | | | 223 |
| | |
| FNMA POOL 471600 FN 06/22 FIXED 2.64 | | | 274 |
| | |
| FNMA POOL 725236 FN 03/34 FIXED VAR | | | 5 |
| | |
| FNMA POOL 888638 FN 09/37 FIXED VAR | | | 127 |
| | |
| FNMA POOL 894948 FN 08/36 FIXED 6 | | | 5 |
| | |
| FNMA POOL 995279 FN 12/38 FIXED VAR | | | 7 |
| | |
| FNMA POOL AE0515 FN 04/40 FIXED VAR | | | 9 |
| | |
| FNMA POOL AH8434 FN 04/41 FIXED 5 | | | 7 |
| | |
| FNMA POOL AL1983 FN 05/22 VARIABLE | | | 304 |
| | |
| FNMA POOL AL5853 FN 05/44 FIXED VAR | | | 298 |
| | |
| FNMA POOL AL8946 FN 08/46 FIXED VAR | | | 1,345 |
| | |
| FNMA POOL AW3558 FN 05/29 FIXED 3 | | | 139 |
| | |
| FNMA POOL BK2012 FN 04/48 FIXED 4 | | | 1,981 |
| | |
| FNMA POOL BM2003 FN 10/47 FIXED VAR | | | 40 |
| | |
| FNMA POOL CA3674 FN 06/49 FIXED 4 | | | 101 |
| | |
| FNMA POOL FM1107 FN 06/49 FIXED VAR | | | 53 |
| | |
| FNMA POOL FM4126 FN 07/49 FIXED VAR | | | 898 |
| | |
| FNMA POOL MA3036 FN 06/32 FIXED 3.5 | | | 1,029 |
| | |
| FNMA POOL MA3125 FN 09/32 FIXED 3 | | | 1,183 |
| | |
| FNMA TBA 30 YR 2 SINGLE FAMILY MORTGAGE | | | 1,087 |
| | |
| FNMA TBA 30 YR 2.5 SINGLE FAMILY MORTGAGE | | | 10,751 |
| | |
| FNMA TBA 30 YR 3 SINGLE FAMILY MORTGAGE | | | 6,397 |
| | |
| FNMA TBA 30 YR 3.5 SINGLE FAMILY MORTGAGE | | | 9,950 |
| | |
| FORD MOTOR CREDIT CO LLC SR UNSECURED 01/21 3.2 | | | 300 |
| | |
| FORD MOTOR CREDIT CO LLC SR UNSECURED 01/23 3.087 | | | 203 |
| | |
| FORD MOTOR CREDIT CO LLC SR UNSECURED 02/23 4.14 | | | 309 |
| | |
| FORD MOTOR CREDIT CO LLC SR UNSECURED 03/24 5.584 | | | 324 |
| | | | FORD MOTOR CREDIT CO LLC SR UNSECURED 04/21 3.47 | | | 500 |
| | | | FORD MOTOR CREDIT CO LLC SR UNSECURED 10/21 VAR | | | 296 |
| | | | FORTUNE BRANDS HOME + SE SR UNSECURED 09/23 4 | | | 327 |
| | | | FREDDIE MAC SLST SLST 2019 3 A1C | | | 560 |
24
Appendix of Schedule H – Schedule of Assets (Held at End of Year) December 31, 2020 | Edison 401(k) Savings Plan EIN 95-1240335 Plan Number 002 |
(a) |
| (b) |
| (c) |
| (e) | |
| | Identity of Issuer, | | | | | |
|
| Borrower, Lessor, or | | |
| Current Value | |
|
| Similar Party |
| Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value |
| (in thousands) | |
|
| PIMCO |
| FREDDIE MAC FHR 2882 ZC | | $ | 12 |
| | |
| FREDDIE MAC FHR 4935 KP | | | 1,097 |
| | |
| FREDDIE MAC FHR 4948 E | | | 115 |
| | |
| FREDDIE MAC FHR 4950 A | | | 90 |
| | |
| FREDDIE MAC FHR 4961 LA | | | 71 |
| | |
| FREDDIE MAC NOTES 08/25 0.68 | | | 401 |
| | |
| FREDDIE MAC NOTES 08/25 0.69 | | | 700 |
| | |
| FREDDIE MAC NOTES 08/25 0.7 | | | 700 |
| | |
| FREDDIE MAC NOTES 10/26 0.8 | | | 1,300 |
| | |
| FREDDIE MAC NOTES 11/26 0.83 | | | 300 |
| | |
| FREDDIE MAC UNSECURED 09/23 0.25 | | | 200 |
| | |
| FREDDIE MAC WHOLE LOAN SECURIT FWLS 2017 SC01 2A | | | 566 |
| | |
| GENERAL ELECTRIC CO SR UNSECURED 05/50 4.35 | | | 365 |
| | |
| GENERAL MOTORS FINL CO COMPANY GUAR 01/22 3.45 | | | 411 |
| | |
| GENERAL MOTORS FINL CO COMPANY GUAR 01/22 VAR | | | 101 |
| | |
| GENERAL MOTORS FINL CO COMPANY GUAR 01/23 VAR | | | 100 |
| | |
| GENERAL MOTORS FINL CO SR UNSECURED 07/22 3.55 | | | 104 |
| | |
| GENERAL MOTORS FINL CO SR UNSECURED 11/21 4.2 | | | 309 |
| | |
| GENERAL MOTORS FINL CO SR UNSECURED 11/21 VAR | | | 100 |
| | |
| GLOBAL PAYMENTS INC SR UNSECURED 02/25 2.65 | | | 214 |
| | |
| GLOBAL PAYMENTS INC SR UNSECURED 08/29 3.2 | | | 553 |
| | |
| GNMA II POOL MA5264 G2 06/48 FIXED 4 | | | 82 |
| | |
| GNMA II TBA 30 YR 4 JUMBOS | | | (213) |
| | |
| GOLDMAN SACHS GROUP INC SR UNSECURED 07/23 VAR | | | 303 |
| | |
| GOLDMAN SACHS GROUP INC SR UNSECURED 07/24 3.85 | | | 1,050 |
| | |
| GOVERNMENT NATIONAL MORTGAGE A GNR 2015 H16 FM | | | 245 |
| | |
| GOVERNMENT NATIONAL MORTGAGE A GNR 2015 H20 FB | | | 139 |
| | |
| GOVERNMENT NATIONAL MORTGAGE A GNR 2015 H20 FC | | | 432 |
| | |
| GOVERNMENT NATIONAL MORTGAGE A GNR 2015 H22 FC | | | 331 |
| | |
| GOVERNMENT NATIONAL MORTGAGE A GNR 2015 H29 FA | | | 7 |
| | |
| GOVERNMENT NATIONAL MORTGAGE A GNR 2016 H11 F | | | 226 |
| | |
| GOVERNMENT NATIONAL MORTGAGE A GNR 2017 H09 FB | | | 340 |
| | |
| GOVERNMENT NATIONAL MORTGAGE A GNR 2019 31 GF | | | 306 |
| | |
| GOVERNMENT NATIONAL MORTGAGE A GNR 2019 33 F | | | 327 |
| | |
| GOVERNMENT NATIONAL MORTGAGE A GNR 2020 5 JF | | | 238 |
| | |
| HEALTHCARE REALTY TRUST SR UNSECURED 03/31 2.05 | | | 100 |
| | |
| HEALTHCARE TRUST OF AMER COMPANY GUAR 08/26 3.5 | | | 226 |
| | |
| HEALTHPEAK PROPERTIES SR UNSECURED 07/26 3.25 | | | 226 |
| | |
| HOST HOTELS + RESORTS LP SR UNSECURED 06/25 4 | | | 215 |
| | |
| HP ENTERPRISE CO SR UNSECURED 10/21 VAR | | | 500 |
| | | | HSBC HOLDINGS PLC JR SUBORDINA 12/99 VAR | | | 305 |
| | | | HSBC HOLDINGS PLC SR UNSECURED 03/25 VAR | | | 304 |
| | | | HSBC HOLDINGS PLC SR UNSECURED 05/27 VAR | | | 305 |
| | | | HSBC HOLDINGS PLC SR UNSECURED 09/28 VAR | | | 512 |
25
Appendix of Schedule H – Schedule of Assets (Held at End of Year) December 31, 2020 | Edison 401(k) Savings Plan EIN 95-1240335 Plan Number 002 |
(a) |
| (b) |
| (c) |
| (e) | |
| | Identity of Issuer, | | | | | |
|
| Borrower, Lessor, or | | |
| Current Value | |
|
| Similar Party |
| Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value |
| (in thousands) | |
|
| PIMCO |
| HSBC HOLDINGS PLC SR UNSECURED 11/25 VAR | | $ | 213 |
| | |
| HUNTSMAN INTERNATIONAL L SR UNSECURED 11/22 5.125 | | | 214 |
| | |
| HYATT HOTELS CORP SR UNSECURED 09/22 VAR | | | 202 |
| | |
| IMPAC SECURED ASSETS CORP. IMSA 2006 5 2A | | | 75 |
| | |
| INDYMAC INDA MORTGAGE LOAN TRU INDA 2005 AR1 3A1 | | | 145 |
| | |
| INTEGRIS BAPTIST MEDICAL SR SECURED 08/50 3.875 | | | 117 |
| | |
| INTERCONTINENTALEXCHANGE SR UNSECURED 09/40 2.65 | | | 616 |
| | |
| INTERPUBLIC GROUP COS SR UNSECURED 03/22 4 | | | 104 |
| | |
| INTL LEASE FINANCE CORP SR UNSECURED 01/22 8.625 | | | 215 |
| | |
| JP MORGAN CHASE COMMERCIAL MOR JPMCC 2016 JP4 A4 | | | 114 |
| | |
| JP MORGAN MORTGAGE TRUST JPMMT 2005 A5 2A2 | | | 225 |
| | |
| JPMDB COMMERCIAL MORTGAGE SECU JPMDB 2016 C2 A4 | | | 110 |
| | |
| JPMORGAN CHASE + CO SR UNSECURED 04/24 VAR | | | 202 |
| | |
| JPMORGAN CHASE + CO SR UNSECURED 07/25 3.9 | | | 341 |
| | |
| KINDER MORGAN INC COMPANY GUAR 01/23 VAR | | | 202 |
| | |
| KLA CORP SR UNSECURED 11/24 4.65 | | | 341 |
| | |
| KOMATSU FINANCE AMERICA COMPANY GUAR REGS 09/22 2.437 | | | 310 |
| | |
| LABORATORY CORP OF AMER SR UNSECURED 12/24 2.3 | | | 106 |
| | |
| LLOYDS BANKING GROUP PLC SR UNSECURED REGS 01/26 VAR | | | 283 |
| | |
| LLOYDS BANKING GROUP PLC SR UNSECURED REGS 04/26 VAR | | | 278 |
| | |
| LOS ANGELES CA CMNTY CLG DIST LOSHGR 08/32 FIXED 2.106 | | | 417 |
| | |
| MARATHON OIL CORP SR UNSECURED 11/22 2.8 | | | 70 |
| | |
| MARYLAND ST HLTH HGR EDUCTNL MDSMED 07/40 FIXED 3.052 | | | 415 |
| | |
| MCCORMICK + CO SR UNSECURED 08/24 3.15 | | | 325 |
| | |
| MERRILL LYNCH MORTGAGE INVESTO MLMI 2003 A2 2A2 | | | 17 |
| | |
| MICRON TECHNOLOGY INC SR UNSECURED 02/24 4.64 | | | 334 |
| | |
| MICRON TECHNOLOGY INC SR UNSECURED 02/30 4.663 | | | 245 |
| | |
| MITSUBISHI UFJ FIN GRP SR UNSECURED 07/23 VAR | | | 404 |
| | |
| MITSUBISHI UFJ FIN GRP SR UNSECURED 09/24 VAR | | | 201 |
| | |
| MIZUHO FINANCIAL GROUP SR UNSECURED 07/31 VAR | | | 207 |
| | |
| MIZUHO FINANCIAL GROUP SR UNSECURED 09/22 VAR | | | 506 |
| | |
| MLCC MORTGAGE INVESTORS INC MLCC 2004 G A1 | | | 24 |
| | |
| MORGAN STANLEY BAML TRUST MSBAM 2015 C24 A4 | | | 224 |
| | |
| MORGAN STANLEY CAP SVCS COC SWAP CASH COLLATERAL USD | | | 10 |
| | |
| MORGAN STANLEY CAPITAL I TRUST MSC 2017 HR2 A4 | | | 115 |
| | |
| MORGAN STANLEY CAPITAL INC MSAC 2004 WMC2 M1 | | | 134 |
| | |
| MORGAN STANLEY CAPITAL INC MSAC 2006 NC2 A2D | | | 189 |
| | |
| MPLX LP SR UNSECURED 03/23 3.375 | | | 212 |
| | |
| MPT OPER PARTNERSP/FINL COMPANY GUAR 03/31 3.5 | | | 103 |
| | |
| MULTICARE HEALTH SYSTEM UNSECURED 08/50 2.803 | | | 208 |
| | | | MYLAN INC COMPANY GUAR 11/23 4.2 | | | 109 |
| | | | NASDAQ INC SR UNSECURED 12/40 2.5 | | | 395 |
| | | | NATWEST GROUP PLC JR SUBORDINA 12/99 VAR | | | 219 |
| | | | NATWEST GROUP PLC SR UNSECURED 03/25 VAR | | | 221 |
26
Appendix of Schedule H – Schedule of Assets (Held at End of Year) December 31, 2020 | Edison 401(k) Savings Plan EIN 95-1240335 Plan Number 002 |
(a) |
| (b) |
| (c) |
| (e) | |
| | Identity of Issuer, | | | | | |
|
| Borrower, Lessor, or | | |
| Current Value | |
|
| Similar Party |
| Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value |
| (in thousands) | |
|
| PIMCO |
| NATWEST GROUP PLC SR UNSECURED 06/24 VAR | | $ | 546 |
| | |
| NATWEST GROUP PLC SUBORDINATED 12/23 6 | | | 114 |
| | |
| NAVIENT CORP SR UNSECURED 06/22 6.5 | | | 212 |
| | |
| NAVIENT CORP SR UNSECURED 07/21 6.625 | | | 306 |
| | |
| NEW ISRAELI SHEQEL | | | 1 |
| | |
| NEW JERSEY ST ECON DEV AUTH RE NJSDEV 06/21 FIXED 4.521 | | | 304 |
| | |
| NEWGATE FUNDING PLC NGATE 2006 3X A3A REGS | | | 227 |
| | |
| NEXTERA ENERGY CAPITAL COMPANY GUAR 06/30 2.25 | | | 524 |
| | |
| NOMURA HOLDINGS INC SR UNSECURED 01/25 2.648 | | | 214 |
| | |
| NOMURA HOLDINGS INC SR UNSECURED 07/25 1.851 | | | 208 |
| | |
| NORTHROP GRUMMAN CORP SR UNSECURED 01/25 2.93 | | | 326 |
| | |
| NVR INC SR UNSECURED 05/30 3 | | | 219 |
| | |
| OCCIDENTAL PETROLEUM COR SR UNSECURED 08/22 VAR | | | 588 |
| | |
| ONEOK INC COMPANY GUAR 02/22 4.25 | | | 103 |
| | |
| OWENS CORNING SR UNSECURED 12/24 4.2 | | | 278 |
| | |
| PACIFIC GAS + ELECTRIC 1ST MORTGAGE 06/22 1.75 | | | 301 |
| | |
| PACIFIC GAS + ELECTRIC 1ST MORTGAGE 06/25 3.5 | | | 108 |
| | |
| PACIFIC GAS + ELECTRIC 1ST MORTGAGE 07/30 4.55 | | | 114 |
| | |
| PACIFIC GAS + ELECTRIC 1ST MORTGAGE 11/21 VAR | | | 200 |
| | |
| PACIFIC GAS + ELECTRIC 1ST MORTGAGE 12/47 3.95 | | | 207 |
| | |
| PIMCO FDS SHORT TERM FLTG NAV MUTUAL FUND | | | 32,127 |
| | |
| PLAINS ALL AMER PIPELINE SR UNSECURED 11/24 3.6 | | | 320 |
| | |
| POLISH ZLOTY | | | 1 |
| | |
| POUND STERLING | | | 142 |
| | |
| QUANTA SERVICES INC SR UNSECURED 10/30 2.9 | | | 107 |
| | |
| QVC INC SR SECURED 03/23 4.375 | | | 105 |
| | |
| REPUBLIC OF ARGENTINA BONDS 04/22 VAR | | | 1 |
| | |
| RMAC SECURITIES PLC RMACS 2006 NS4X A3A REGS | | | 254 |
| | |
| ROCKEFELLER FOUNDATION UNSECURED 10/50 2.492 | | | 208 |
| | |
| SABINE PASS LIQUEFACTION SR SECURED 03/22 6.25 | | | 316 |
| | |
| SABINE PASS LIQUEFACTION SR SECURED 04/23 5.625 | | | 110 |
| | |
| SAN FRANCISCO CITY CNTY CA C SFOCTF 11/41 FIXED 6.487 | | | 2,289 |
| | |
| SANTANDER UK GROUP HLDGS SR UNSECURED 08/26 VAR | | | 406 |
| | |
| SAUDI INTERNATIONAL BOND SR UNSECURED REGS 10/21 2.375 | | | 304 |
| | |
| SEAGATE HDD CAYMAN COMPANY GUAR 06/27 4.875 | | | 113 |
| | |
| SEMPRA ENERGY SR UNSECURED 06/24 3.55 | | | 218 |
| | |
| SERVICENOW INC SR UNSECURED 09/30 1.4 | | | 293 |
| | |
| SL GREEN OPERATING PARTN COMPANY GUAR 08/21 VAR | | | 100 |
| | |
| SLC STUDENT LOAN TRUST SLCLT 2006 2 A5 | | | 43 |
| | |
| SLC STUDENT LOAN TRUST SLCLT 2010 1 A | | | 36 |
| | | | SLM CORP SR UNSECURED 04/22 5.125 | | | 102 |
| | | | SOUTHERN CO GAS CAPITAL COMPANY GUAR 01/31 1.75 | | | 101 |
| | | | SOUTHWEST AIRLINES CO SR UNSECURED 05/23 4.75 | | | 109 |
| | | | SPIRIT AEROSYSTEMS INC COMPANY GUAR 06/21 VAR | | | 197 |
27
Appendix of Schedule H – Schedule of Assets (Held at End of Year) December 31, 2020 | Edison 401(k) Savings Plan EIN 95-1240335 Plan Number 002 |
(a) | | (b) | | (c) | | (e) | |
|
| Identity of Issuer, |
| |
| | |
|
| Borrower, Lessor, or | | |
| Current Value | |
|
| Similar Party |
| Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value |
| (in thousands) | |
|
| PIMCO |
| SPIRIT AEROSYSTEMS INC SR SECURED 06/26 3.85 | | $ | 315 |
| | |
| STORE CAPITAL CORP SR UNSECURED 11/30 2.75 | | | 305 |
| | |
| STRUCTURED ADJUSTABLE RATE MOR SARM 2004 12 9A | | | 123 |
| | |
| STRUCTURED ADJUSTABLE RATE MOR SARM 2005 2 A2 | | | 45 |
| | |
| STRUCTURED ASSET SECURITIES CO SASC 2007 WF2 A1 | | | 10 |
| | |
| SUMITOMO MITSUI FINL GRP SR UNSECURED 07/30 2.13 | | | 521 |
| | |
| SUNOCO LOGISTICS PARTNER COMPANY GUAR 02/22 4.65 | | | 104 |
| | |
| SWAP CCPC BANK OF AMERICA COC SWAP CASH COLLATERAL | | | 77 |
| | |
| SWAP JP MORGAN BOC SWAP CASH COLLATERAL USD | | | (10) |
| | |
| SWPC0C0U5 CDS USD R F .50000 1 CMBX | | | 27 |
| | |
| SWPC0C1D2 CDS USD R F .50000 1 CMBX | | | 69 |
| | |
| SWPC0CJV3 CDS USD R F 1.00000 FIX SOVEREIGN | | | 8 |
| | |
| SWPC0CRI3 CDS USD R F 1.00000 FIX SOVEREIGN | | | 2 |
| | |
| SWPC0D819 CDS USD R F 1.00000 FIX SOVEREIGN | | | 13 |
| | |
| SWPC0FJM6 CDS USD R F 1.00000 FIX SOVEREIGN | | | 1 |
| | |
| SWPC0FY98 CDS USD R F 1.00000 FIX SOVEREIGN | | | 3 |
| | |
| SWPC0GCR0 CDS USD R F 1.00000 1 CCPCORPORATE | | | (1) |
| | |
| SWPC0HFY0 CDS USD R F 1.00000 FIX SOVEREIGN | | | 5 |
| | |
| SWPC0HJ26 CDS USD R F 1.00000 1 CCPCORPORATE | | | 10 |
| | |
| SWPC0HQ93 CDS USD R F 1.00000 1 CCPCORPORATE | | | 3 |
| | |
| SWPC0HWO3 CDS USD R F 1.00000 1 CCPCORPORATE | | | 6 |
| | |
| SWPC0HXN4 CDS USD R F 1.00000 FIX CORPORATE | | | 5 |
| | |
| SWPC0I305 CDS USD R F 1.00000 1 CCPCORPORATE | | | 3 |
| | |
| SWPC0IFO0 CDS USD R F 1.00000 FIX SOVEREIGN | | | 4 |
| | |
| SWPC0II09 CDS USD R F 1.00000 1 CCPCORPORATE | | | 2 |
| | |
| SWPC0IIT6 CDS USD R F 1.00000 1 CCPCORPORATE | | | 3 |
| | |
| SWPC0JFQ3 CDS USD R F 1.00000 FIX SOVEREIGN | | | 15 |
| | |
| SWPC0JFT7 CDS USD R F 1.00000 FIX SOVEREIGN | | | 5 |
| | |
| SWPC0JIW7 CDS EUR P V 03MEVENT 2 CCPITRAXX | | | (223) |
| | |
| SWPC0JIW7 CDS EUR R F 1.00000 1 CCPITRAXX | | | 251 |
| | |
| SWPC0JJ14 CDS USD R F 1.00000 1 CCPCDX | | | 9 |
| | |
| SWPC0JJ30 CDS USD R F 1.00000 1 CCPCDX | | | 12 |
| | |
| SWPC0JJ55 CDS EUR P V 03MEVENT 2 CCPCORPORATE | | | (7) |
| | |
| SWPC0JJ55 CDS EUR R F 1.00000 1 CCPCORPORATE | | | 9 |
| | |
| SWPC1HH01 CDS USD R F 5.00000 FIX CDXTRANCHE | | | (2) |
| | |
| SWPCCDX67 CDS USD R F 5.00000 FIX CDXTRANCHE | | | (3) |
| | |
| SWPCDX027 CDS USD R F 5.00000 FIX CDXTRANCHE | | | (8) |
| | |
| SWU00VVS4 IRS USD R F 1.50000 SWU00VVS4 CCPVANILLA | | | 290 |
| | |
| SWU00Y1I3 IRS CAD P V 03MCDOR SWUV0Y1I5 CCPVANILLA | | | (7) |
| | |
| SWU00Y1I3 IRS CAD R F 1.50000 SWU00Y1I3 CCPVANILLA | | | 32 |
| | | | SWU00Y1K8 IRS CAD P V 03MCDOR SWUV0Y1K0 CCPVANILLA | | | (116) |
| | | | SWU00Y1K8 IRS CAD R F 1.50000 SWU00Y1K8 CCPVANILLA | | | 191 |
| | | | SWU00YIC8 IRS USD R F 1.66000 SWU00YIC8 CCPVANILLA | | | 16 |
| | | | SWU010CF0 IRS CAD P V 03MCDOR SWUV10CF2 CCPVANILLA | | | (60) |
28
Appendix of Schedule H – Schedule of Assets (Held at End of Year) December 31, 2020 | Edison 401(k) Savings Plan EIN 95-1240335 Plan Number 002 |
(a) | | (b) | | (c) | | (e) | |
| | Identity of Issuer, | | | | | |
|
| Borrower, Lessor, or | | |
| Current Value | |
|
| Similar Party |
| Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value |
| (in thousands) | |
|
| PIMCO |
| SWU010CF0 IRS CAD R F 1.27600 SWU010CF0 CCPVANILLA | | $ | 90 |
| | |
| SWU010DI3 IRS CAD P V 03MCDOR SWUV10DI5 CCPVANILLA | | | (27) |
| | |
| SWU010DI3 IRS CAD R F 1.23500 SWU010DI3 CCPVANILLA | | | 37 |
| | |
| SWU013KB4 IRS CNY P V 03MCNBE SWU013KB4 CCP VANILLA | | | (103) |
| | |
| SWU013KB4 IRS CNY R F 2.64500 SWU013KB4 CCP VANILLA | | | 103 |
| | |
| SWU015OK5 IRS USD R F 1.21400 SWU015OK5 CCPVANILLA | | | (10) |
| | |
| SWU015X41 IRS USD R F 1.18500 SWU015X41 CCPVANILLA | | | (11) |
| | |
| SWU015Z07 IRS USD R F 1.25000 SWU015Z07 CCPVANILLA | | | (8) |
| | |
| SWU016185 IRS CNY P V 03MCNR07 CCPVANILLA | | | (4) |
| | |
| SWU016185 IRS CNY R F 2.67125 CCPVANILLA | | | 4 |
| | |
| SWU016250 IRS CNY P V 03MCNR07 | | | (2) |
| | |
| SWU016250 IRS CNY R F 2.60500 | | | 2 |
| | |
| SWU016276 IRS CNY P V 03MCNR07 | | | (1) |
| | |
| SWU016276 IRS CNY R F 2.58750 | | | 1 |
| | |
| SWU016A36 IRS USD R F 1.25000 SWU016A36 CCPVANILLA | | | (8) |
| | |
| SWU016H54 IRS BRL P V 00MBRCDI SWUV16H56 CCPNDFPREDISWAP | | | (38) |
| | |
| SWU016H54 IRS BRL R F 3.30000 SWU016H54 CCPNDFPREDISWAP | | | 42 |
| | |
| SWU017522 IRS CNY R F 2.81000 SWU017522 538671277 | | | 1 |
| | |
| SWU0SD181 IRS GBP P V 01MUKRPI SWU0SD181 CCPINFLATIONZERO | | | (10) |
| | |
| SWU0SD181 IRS GBP R F 3.69500 SWUVSD183 CCPINFLATIONZERO | | | 22 |
| | |
| SWU0SD199 IRS GBP P V 01MUKRPI SWU0SD199 CCPINFLATIONZERO | | | (10) |
| | |
| SWU0SD199 IRS GBP R F 3.71750 SWUVSD191 CCPINFLATIONZERO | | | 22 |
| | |
| SYNCHRONY FINANCIAL SR UNSECURED 03/29 5.15 | | | 241 |
| | |
| SYNGENTA FINANCE NV COMPANY GUAR 03/22 3.125 | | | 204 |
| | |
| TAKEDA PHARMACEUTICAL SR UNSECURED 07/60 3.375 | | | 444 |
| | |
| TEVA PHARMACEUTICALS NE COMPANY GUAR 07/23 2.8 | | | 495 |
| | |
| THOMSON REUTERS CORP SR UNSECURED 05/26 3.35 | | | 337 |
| | |
| THORNBURG MORTGAGE SECURITIES TMST 2006 5 A1 | | | 40 |
| | |
| TP ICAP PLC SR UNSECURED REGS 01/24 5.25 | | | 149 |
| | |
| TRIMBLE INC SR UNSECURED 06/28 4.9 | | | 479 |
| | |
| TSY INFL IX N/B 01/29 0.875 | | | 121 |
| | |
| TSY INFL IX N/B 02/45 0.75 | | | 285 |
| | |
| TSY INFL IX N/B 02/46 1 | | | 1,019 |
| | |
| UDR INC COMPANY GUAR 03/33 1.9 | | | 200 |
| | |
| UNIV OF CALIFORNIA CA REVENUES UNVHGR 05/27 FIXED 1.316 | | | 102 |
| | |
| UNIV OF CALIFORNIA CA REVENUES UNVHGR 05/30 FIXED 1.614 | | | 202 |
| | |
| US 10YR NOTE (CBT)MAR21 XCBT 20210322 | | | (3) |
| | |
| US 2YR NOTE (CBT) MAR21 XCBT 20210331 | | | (39) |
| | |
| US BOND FUTR OPTN FEB21C 178 EXP 01/22/2021 | | | 1 |
| | |
| US BOND FUTR OPTN FEB21C 179 EXP 01/22/2021 | | | 1 |
| | | | US BOND FUTR OPTN FEB21P 169 EXP 01/22/2021 | | | 1 |
| | | | US BOND FUTR OPTN FEB21P 171 EXP 01/22/2021 | | | 1 |
| | | | US DOLLAR | | | 435 |
| | | | US TREASURY N/B 02/40 4.625 | | | 312 |
29
Appendix of Schedule H – Schedule of Assets (Held at End of Year) December 31, 2020 | Edison 401(k) Savings Plan EIN 95-1240335 Plan Number 002 |
(a) |
| (b) |
| (c) |
| (e) | |
| | Identity of Issuer, | | | | | |
|
| Borrower, Lessor, or | | |
| Current Value | |
|
| Similar Party |
| Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value |
| (in thousands) | |
|
| PIMCO |
| US TREASURY N/B 02/50 2 | | $ | 2,932 |
| | |
| US TREASURY N/B 05/40 4.375 | | | 304 |
| | |
| US TREASURY N/B 05/43 2.875 | | | 253 |
| | |
| US TREASURY N/B 05/44 3.375 | | | 5,333 |
| | |
| US TREASURY N/B 05/49 2.875 | | | 381 |
| | |
| US TREASURY N/B 08/44 3.125 | | | 6,067 |
| | |
| US TREASURY N/B 08/49 2.25 | | | 814 |
| | |
| US TREASURY N/B 11/40 1.375 | | | 2,057 |
| | |
| US TREASURY N/B 11/42 2.75 | | | 1,611 |
| | |
| US TREASURY N/B 11/44 3 | | | 1,165 |
| | |
| US TREASURY N/B 11/49 2.375 | | | 858 |
| | |
| UTAH ACQUISITION SUB COMPANY GUAR 06/26 3.95 | | | 229 |
| | |
| VALE OVERSEAS LIMITED COMPANY GUAR 08/26 6.25 | | | 124 |
| | |
| VEREIT OPERATING PARTNER COMPANY GUAR 12/29 3.1 | | | 216 |
| | |
| VEREIT OPERATING PARTNER COMPANY GUAR 12/32 2.85 | | | 209 |
| | |
| VERIZON COMMUNICATIONS SR UNSECURED 05/25 VAR | | | 411 |
| | |
| WALT DISNEY COMPANY/THE COMPANY GUAR 01/31 2.65 | | | 110 |
| | |
| WAMU MORTGAGE PASS THROUGH CER WAMU 2005 AR11 A1A | | | 13 |
| | |
| WAMU MORTGAGE PASS THROUGH CER WAMU 2005 AR2 2A21 | | | 145 |
| | |
| WELLS FARGO + COMPANY SR UNSECURED 01/23 VAR | | | 303 |
| | |
| WELLS FARGO + COMPANY SR UNSECURED 02/25 3 | | | 870 |
| | |
| WELLS FARGO + COMPANY SR UNSECURED 02/26 VAR | | | 210 |
| | |
| WELLS FARGO COMMERCIAL MORTGAG WFCM 2015 C27 A5 | | | 328 |
| | |
| WELLS FARGO COMMERCIAL MORTGAG WFCM 2019 C49 A5 | | | 118 |
| | |
| WELLS FARGO COMMERCIAL MORTGAG WFCM 2020 C55 A5 | | | 110 |
| | |
| WESTINGHOUSE AIR BRAKE COMPANY GUAR 03/24 4.4 | | | 219 |
| | |
| WESTINGHOUSE AIR BRAKE COMPANY GUAR 11/26 3.45 | | | 220 |
| | |
| WILLIAMS COMPANIES INC SR UNSECURED 03/22 3.6 | | | 516 |
| | |
| WP CAREY INC SR UNSECURED 04/24 4.6 | | | 444 |
| | |
| WPX ENERGY INC SR UNSECURED 01/30 4.5 | | | 106 |
| | |
| ZIMMER BIOMET HOLDINGS SR UNSECURED 03/21 VAR | | | 178 |
| | |
| Total PIMCO | | $ | 168,860 |
| | |
| | | | |
| | Dodge & Cox |
| ABBVIE INC SR UNSECURED 11/29 3.2 | | $ | 336 |
| | |
| ABBVIE INC SR UNSECURED 11/49 4.25 | | | 345 |
| | |
| ANHEUSER BUSCH INBEV WOR COMPANY GUAR 01/39 5.45 | | | 204 |
| | |
| ANHEUSER BUSCH INBEV WOR COMPANY GUAR 01/49 5.55 | | | 320 |
| | |
| ANHEUSER BUSCH INBEV WOR COMPANY GUAR 06/30 3.5 | | | 203 |
| | |
| ANHEUSER BUSCH INBEV WOR COMPANY GUAR 06/50 4.5 | | | 568 |
| | |
| ANTHEM INC SR UNSECURED 05/30 2.25 | | | 159 |
| | | | AT+T INC SR UNSECURED 02/39 6.55 | | | 716 |
| | | | AT+T INC SR UNSECURED 02/47 5.65 | | | 272 |
| | | | AT+T INC SR UNSECURED 03/48 4.5 | | | 269 |
| | | | AT+T INC SR UNSECURED 05/46 4.75 | | | 185 |
30
Appendix of Schedule H – Schedule of Assets (Held at End of Year) December 31, 2020 | Edison 401(k) Savings Plan EIN 95-1240335 Plan Number 002 |
(a) |
| (b) |
| (c) |
| (e) | |
| | Identity of Issuer, | | | | | |
| | Borrower, Lessor, or | | | | Current Value | |
|
| Similar Party |
| Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value |
| (in thousands) | |
|
| Dodge & Cox |
| AT+T INC SR UNSECURED 09/40 5.35 | | $ | 229 |
| | |
| BANK OF AMERICA CORP SR UNSECURED 02/31 VAR | | | 133 |
| | | | BANK OF AMERICA CORP SR UNSECURED 03/51 VAR | | | 695 |
| | | | BANK OF AMERICA CORP SR UNSECURED 07/23 VAR | | | 857 |
| | | | BANK OF AMERICA CORP SR UNSECURED 12/23 VAR | | | 105 |
| | | | BANK OF AMERICA CORP SUBORDINATED 03/26 4.45 | | | 117 |
| | | | BANK OF AMERICA CORP SUBORDINATED 08/24 4.2 | | | 543 |
| | | | BARCLAYS PLC SUBORDINATED 05/28 4.836 | | | 231 |
| | | | BARCLAYS PLC SUBORDINATED 09/24 4.375 | | | 445 |
| | | | BAT CAPITAL CORP COMPANY GUAR 03/28 2.259 | | | 104 |
| | | | BAT CAPITAL CORP COMPANY GUAR 03/31 2.726 | | | 259 |
| | | | BAT CAPITAL CORP COMPANY GUAR 09/40 3.734 | | | 52 |
| | | | BAT CAPITAL CORP COMPANY GUAR 09/50 3.984 | | | 235 |
| | | | BNP PARIBAS COMPANY GUAR 10/24 4.25 | | | 1,830 |
| | | | BOSTON PROPERTIES LP SR UNSECURED 01/31 3.25 | | | 221 |
| | | | BOSTON PROPERTIES LP SR UNSECURED 05/21 4.125 | | | 602 |
| | | | BOSTON PROPERTIES LP SR UNSECURED 09/23 3.125 | | | 371 |
| | | | BURLINGTN NORTH SANTA FE SR UNSECURED 06/21 4.1 | | | 905 |
| | | | CALIFORNIA ST CAS 03/40 FIXED 7.625 | | | 1,276 |
| | | | CALIFORNIA ST CAS 10/39 FIXED 7.3 | | | 289 |
| | | | CAPITAL ONE FINANCIAL CO SR UNSECURED 01/24 3.9 | | | 110 |
| | | | CAPITAL ONE FINANCIAL CO SR UNSECURED 07/21 4.75 | | | 460 |
| | | | CAPITAL ONE FINANCIAL CO SUBORDINATED 10/25 4.2 | | | 285 |
| | | | CHARTER COMM OPT LLC/CAP SR SECURED 04/48 5.75 | | | 164 |
| | | | CHARTER COMM OPT LLC/CAP SR SECURED 07/25 4.908 | | | 174 |
| | | | CHARTER COMM OPT LLC/CAP SR SECURED 10/45 6.484 | | | 1,202 |
| | | | CIGNA CORP COMPANY GUAR 10/28 4.375 | | | 635 |
| | |
| CITIGROUP CAPITAL XIII PREFERRED STOCK 10/40 VAR | | | 1,043 |
| | | | CITIGROUP INC SR UNSECURED 03/31 VAR | | | 424 |
|
| |
| COCA COLA CO/THE SR UNSECURED 03/30 3.45 | | | 324 |
| | |
| COCA COLA CO/THE SR UNSECURED 06/30 1.65 | | | 668 |
| | | | COMCAST CORP COMPANY GUAR 10/25 3.95 | | | 115 |
| | | | COMCAST CORP COMPANY GUAR 10/48 4.7 | | | 210 |
| | | | COX COMMUNICATIONS INC SR UNSECURED 08/28 6.8 | | | 1,743 |
| | | | CVS HEALTH CORP SR UNSECURED 03/23 3.7 | | | 44 |
| | | | CVS HEALTH CORP SR UNSECURED 03/28 4.3 | | | 151 |
| | | | CVS HEALTH CORP SR UNSECURED 03/38 4.78 | | | 507 |
| | | | DOMINION ENERGY INC JR SUBORDINA 04/21 VAR | | | 277 |
| | | | DOMINION ENERGY INC JR SUBORDINA 10/54 VAR | | | 529 |
| | | | DOW CHEMICAL CO/THE SR UNSECURED 05/39 9.4 | | | 449 |
| | | | DOW CHEMICAL CO/THE SR UNSECURED 11/29 7.375 | | | 392 |
| | | | ELANCO ANIMAL HEALTH INC SR UNSECURED 08/28 5.9 | | | 325 |
| | | | ERP OPERATING LP SR UNSECURED 04/23 3 | | | 605 |
| | | | ERP OPERATING LP SR UNSECURED 12/21 4.625 | | | 93 |
31
Appendix of Schedule H – Schedule of Assets (Held at End of Year) December 31, 2020 | Edison 401(k) Savings Plan EIN 95-1240335 Plan Number 002 |
(a) | | (b) | | (c) | | (e) | |
| | Identity of Issuer, | | | | | |
| | Borrower, Lessor, or | | | | Current Value | |
| | Similar Party | | Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value | | (in thousands) | |
|
| Dodge & Cox |
| EXXON MOBIL CORPORATION SR UNSECURED 03/40 4.227 | | $ | 342 |
| | |
| EXXON MOBIL CORPORATION SR UNSECURED 03/50 4.327 | | | 327 |
| | |
| EXXON MOBIL CORPORATION SR UNSECURED 04/51 3.452 | | | 314 |
| | |
| EXXON MOBIL CORPORATION SR UNSECURED 10/30 2.61 | | | 218 |
| | |
| FANNIE MAE FNR 2007 50 DZ | | | 108 |
| | |
| FANNIE MAE FNR 2009 66 ET | | | 14 |
| | |
| FANNIE MAE FNR 2013 106 MA | | | 102 |
| | |
| FED HM LN PC POOL 1G2201 FH 09/37 FLOATING VAR | | | 42 |
| | |
| FED HM LN PC POOL 849254 FH 01/42 FLOATING VAR | | | 23 |
| | |
| FED HM LN PC POOL 849330 FH 05/44 FLOATING VAR | | | 139 |
| | |
| FED HM LN PC POOL 849505 FH 10/44 FLOATING VAR | | | 952 |
| | |
| FED HM LN PC POOL 849536 FH 11/44 FLOATING VAR | | | 157 |
| | |
| FED HM LN PC POOL G01976 FG 12/33 FIXED 6 | | | 60 |
| | |
| FED HM LN PC POOL G07338 FG 10/38 FIXED 6 | | | 49 |
| | |
| FED HM LN PC POOL G07480 FG 05/39 FIXED 6 | | | 256 |
| | |
| FED HM LN PC POOL G07598 FG 11/43 FIXED 4.5 | | | 80 |
| | |
| FED HM LN PC POOL G07857 FG 04/40 FIXED 4.5 | | | 757 |
| | |
| FED HM LN PC POOL G08768 FG 06/47 FIXED 4.5 | | | 229 |
| | |
| FED HM LN PC POOL G12511 FG 02/22 FIXED 6 | | | 22 |
| | |
| FED HM LN PC POOL G13824 FG 12/24 FIXED 5.5 | | | 76 |
| | |
| FED HM LN PC POOL G30689 FG 07/32 FIXED 4.5 | | | 1,118 |
| | |
| FED HM LN PC POOL G60034 FG 02/45 FIXED 4.5 | | | 88 |
| | |
| FED HM LN PC POOL G60153 FG 10/44 FIXED 4.5 | | | 145 |
| | |
| FED HM LN PC POOL G60384 FG 12/45 FIXED 4.5 | | | 227 |
| | |
| FED HM LN PC POOL G60920 FG 04/46 FIXED 4.5 | | | 234 |
| | |
| FED HM LN PC POOL G61060 FG 06/47 FIXED 4.5 | | | 1,037 |
| | |
| FED HM LN PC POOL Q02552 FG 08/41 FIXED 4.5 | | | 38 |
| | |
| FED HM LN PC POOL Q03086 FG 09/41 FIXED 4.5 | | | 113 |
| | |
| FED HM LN PC POOL Q48237 FG 05/47 FIXED 4.5 | | | 473 |
| | |
| FED HM LN PC POOL RA2958 FR 07/50 FIXED 2 | | | 992 |
| | |
| FED HM LN PC POOL RA3053 FR 07/50 FIXED 2 | | | 599 |
| | |
| FED HM LN PC POOL RA3167 FR 07/50 FIXED 2 | | | 2,878 |
| | |
| FED HM LN PC POOL RA3202 FR 07/50 FIXED 2.5 | | | 2,869 |
| | |
| FED HM LN PC POOL RA4119 FR 12/50 FIXED 2 | | | 2,159 |
| | |
| FED HM LN PC POOL SC0017 FR 08/39 FIXED 3.5 | | | 1,186 |
| | |
| FED HM LN PC POOL V83108 FG 03/47 FIXED 4.5 | | | 539 |
| | |
| FEDEX CORP 1998 PASS TST PASS THRU CE 07/23 6.72 | | | 76 |
| | |
| FEDEX CORP COMPANY GUAR 05/50 5.25 | | | 460 |
| | |
| FNMA POOL 704235 FN 05/33 FIXED 5.5 | | | 29 |
| | |
| FNMA POOL 725228 FN 03/34 FIXED VAR | | | 1 |
| | | | FNMA POOL 725229 FN 03/34 FIXED VAR | | | 57 |
| | | | FNMA POOL 735503 FN 04/35 FIXED VAR | | | 1 |
| | | | FNMA POOL 888560 FN 11/35 FIXED VAR | | | 57 |
| | | | FNMA POOL 889072 FN 12/37 FIXED VAR | | | 173 |
32
Appendix of Schedule H – Schedule of Assets (Held at End of Year) December 31, 2020 | Edison 401(k) Savings Plan EIN 95-1240335 Plan Number 002 |
(a) | | (b) | | (c) | | (e) | |
| | Identity of Issuer, | | | | | |
| | Borrower, Lessor, or | | | | Current Value | |
| | Similar Party | | Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value | | (in thousands) | |
|
| Dodge & Cox |
| FNMA POOL 889984 FN 10/38 FIXED VAR | | $ | 164 |
| | |
| FNMA POOL 965097 FN 09/38 FLOATING VAR | | | 27 |
| | |
| FNMA POOL 976853 FN 11/29 FIXED 5.5 | | | 76 |
| | |
| FNMA POOL 995006 FN 10/38 FLOATING VAR | | | 11 |
| | |
| FNMA POOL 995051 FN 03/37 FIXED VAR | | | 42 |
| | |
| FNMA POOL AB1763 FN 11/30 FIXED 4 | | | 32 |
| | |
| FNMA POOL AD0198 FN 09/38 FIXED VAR | | | 46 |
| | |
| FNMA POOL AD0244 FN 10/24 FIXED VAR | | | 153 |
| | |
| FNMA POOL AL0238 FN 03/26 FIXED VAR | | | 633 |
| | |
| FNMA POOL AL1845 FN 06/39 FLOATING VAR | | | 24 |
| | |
| FNMA POOL AL6209 FN 07/21 VARIABLE | | | 27 |
| | |
| FNMA POOL AL6240 FN 12/44 FLOATING VAR | | | 533 |
| | |
| FNMA POOL AL6377 FN 01/45 FLOATING VAR | | | 96 |
| | |
| FNMA POOL AL6872 FN 05/45 FLOATING VAR | | | 187 |
| | |
| FNMA POOL AL7147 FN 02/45 FIXED VAR | | | 90 |
| | |
| FNMA POOL AL7205 FN 12/29 FIXED VAR | | | 93 |
| | |
| FNMA POOL AL7384 FN 09/45 FIXED VAR | | | 179 |
| | |
| FNMA POOL AL8816 FN 09/45 FIXED VAR | | | 297 |
| | |
| FNMA POOL AL8830 FN 10/34 FIXED VAR | | | 500 |
| | |
| FNMA POOL AL9096 FN 10/42 FIXED VAR | | | 362 |
| | |
| FNMA POOL AL9407 FN 09/42 FIXED VAR | | | 108 |
| | |
| FNMA POOL AL9781 FN 02/46 FIXED VAR | | | 348 |
| | |
| FNMA POOL AS9299 FN 03/37 FIXED 3.5 | | | 191 |
| | |
| FNMA POOL AW4688 FN 05/44 FLOATING VAR | | | 27 |
| | |
| FNMA POOL BF0045 FN 03/52 FIXED 4.5 | | | 472 |
| | |
| FNMA POOL BH5372 FN 08/47 FIXED 4 | | | 492 |
| | |
| FNMA POOL BK0922 FN 07/48 FIXED 4.5 | | | 378 |
| | |
| FNMA POOL BK5257 FN 05/48 FIXED 4 | | | 686 |
| | |
| FNMA POOL BM1357 FN 01/43 FIXED VAR | | | 419 |
| | |
| FNMA POOL BM6149 FN 10/49 FLOATING VAR | | | 1,340 |
| | |
| FNMA POOL BN3064 FN 02/49 FLOATING VAR | | | 127 |
| | |
| FNMA POOL CA1909 FN 06/48 FIXED 4.5 | | | 351 |
| | |
| FNMA POOL CA2643 FN 11/48 FIXED 4.5 | | | 268 |
| | |
| FNMA POOL CA2804 FN 12/48 FIXED 4.5 | | | 304 |
| | |
| FNMA POOL CA6247 FN 07/50 FIXED 2.5 | | | 2,135 |
| | |
| FNMA POOL CA6398 FN 07/50 FIXED 2.5 | | | 1,185 |
| | |
| FNMA POOL CA6902 FN 09/50 FIXED 2 | | | 2,691 |
| | |
| FNMA POOL FM4714 FN 10/50 FIXED VAR | | | 3,172 |
| | |
| FNMA POOL MA0792 FN 07/31 FIXED 4.5 | | | 285 |
| | |
| FNMA POOL MA2508 FN 01/36 FIXED 4 | | | 192 |
| | | | FNMA POOL MA3617 FN 03/49 FIXED 5 | | | 176 |
| | | | FNMA TBA 30 YR 2 SINGLE FAMILY MORTGAGE | | | 2,761 |
| | | | FNMA TBA 30 YR 2.5 SINGLE FAMILY MORTGAGE | | | 5,236 |
| | | | FORD MOTOR CREDIT CO LLC SR UNSECURED 01/22 5.596 | | | 284 |
33
Appendix of Schedule H – Schedule of Assets (Held at End of Year) December 31, 2020 | Edison 401(k) Savings Plan EIN 95-1240335 Plan Number 002 |
(a) | | (b) | | (c) | | (e) | |
| | Identity of Issuer, | | | | | |
| | Borrower, Lessor, or | | | | Current Value | |
| | Similar Party | | Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value | | (in thousands) | |
|
| Dodge & Cox |
| FORD MOTOR CREDIT CO LLC SR UNSECURED 08/21 5.875 | | $ | 665 |
| | |
| FORD MOTOR CREDIT CO LLC SR UNSECURED 09/22 4.25 | | | 206 |
| | |
| FORD MOTOR CREDIT CO LLC SR UNSECURED 10/21 3.813 | | | 354 |
| | |
| FORD MOTOR CREDIT CO LLC SR UNSECURED 11/22 3.35 | | | 204 |
| | |
| FORD MOTOR CREDIT CO LLC SR UNSECURED 11/24 4.063 | | | 210 |
| | |
| FORD MOTOR CREDIT CO LLC SR UNSECURED 11/25 3.375 | | | 283 |
| | |
| FREDDIE MAC SCRT SCRT 2017 4 M45T | | | 389 |
| | |
| FREDDIE MAC FHR 2957 VZ | | | 236 |
| | |
| FREDDIE MAC FHR 4283 EW | | | 359 |
| | |
| FREDDIE MAC REFERENCE REMIC FHRR R008 ZA | | | 64 |
| | |
| GOVERNMENT NATIONAL MORTGAGE A GNR 2017 H22 FH | | | 1,388 |
| | |
| GOVERNMENT NATIONAL MORTGAGE A GNR 2018 H01 FE | | | 1,054 |
| | |
| GOVERNMENT NATIONAL MORTGAGE A GNR 2018 H08 FB | | | 518 |
| | |
| GOVERNMENT NATIONAL MORTGAGE A GNR 2019 H15 JF | | | 1,078 |
| | |
| GOVERNMENT NATIONAL MORTGAGE A GNR 2020 H01 FV | | | 2,706 |
| | |
| HCA INC SR SECURED 06/29 4.125 | | | 174 |
| | |
| HCA INC SR SECURED 06/39 5.125 | | | 192 |
| | |
| HCA INC SR SECURED 06/47 5.5 | | | 234 |
| | |
| HCA INC SR SECURED 06/49 5.25 | | | 99 |
| | |
| HOME DEPOT INC SR UNSECURED 04/30 2.7 | | | 56 |
| | |
| HOME DEPOT INC SR UNSECURED 04/40 3.3 | | | 59 |
| | |
| HOME DEPOT INC SR UNSECURED 04/50 3.35 | | | 60 |
| | |
| HSBC HOLDINGS PLC SR UNSECURED 03/26 4.3 | | | 230 |
| | |
| HSBC HOLDINGS PLC SR UNSECURED 03/30 4.95 | | | 251 |
| | |
| HSBC HOLDINGS PLC SR UNSECURED 05/24 VAR | | | 485 |
| | |
| HSBC HOLDINGS PLC SR UNSECURED 06/31 VAR | | | 215 |
| | |
| HSBC HOLDINGS PLC SR UNSECURED 08/31 VAR | | | 207 |
| | |
| HSBC HOLDINGS PLC SUBORDINATED 05/36 6.5 | | | 434 |
| | |
| HSBC HOLDINGS PLC SUBORDINATED 09/37 6.5 | | | 841 |
| | |
| ILLINOIS ST ILS 06/33 FIXED 5.1 | | | 700 |
| | |
| JPMORGAN CHASE + CO SR UNSECURED 03/31 VAR | | | 277 |
| | |
| JPMORGAN CHASE + CO SR UNSECURED 04/31 VAR | | | 134 |
| | |
| JPMORGAN CHASE + CO SR UNSECURED 04/51 VAR | | | 306 |
| | |
| JPMORGAN CHASE + CO SR UNSECURED 07/24 VAR | | | 488 |
| | |
| JPMORGAN CHASE + CO SUBORDINATED 05/23 3.375 | | | 534 |
| | |
| JPMORGAN CHASE + CO SUBORDINATED 05/31 VAR | | | 384 |
| | |
| JPMORGAN CHASE + CO SUBORDINATED 10/27 4.25 | | | 296 |
| | |
| KINDER MORGAN ENER PART COMPANY GUAR 03/44 5.5 | | | 727 |
| | |
| KINDER MORGAN ENER PART COMPANY GUAR 09/44 5.4 | | | 407 |
| | |
| KINDER MORGAN INC/DELAWA COMPANY GUAR 02/46 5.05 | | | 275 |
| | | | KRAFT HEINZ FOODS CO COMPANY GUAR 07/45 5.2 | | | 149 |
| | | | LLOYDS BANKING GROUP PLC SR UNSECURED 08/23 4.05 | | | 273 |
| | | | LLOYDS BANKING GROUP PLC SUBORDINATED 03/26 4.65 | | | 230 |
| | | | LLOYDS BANKING GROUP PLC SUBORDINATED 11/24 4.5 | | | 531 |
34
Appendix of Schedule H – Schedule of Assets (Held at End of Year) December 31, 2020 | Edison 401(k) Savings Plan EIN 95-1240335 Plan Number 002 |
(a) | | (b) | | (c) | | (e) | |
| | Identity of Issuer, | | | | | |
| | Borrower, Lessor, or | | | | Current Value | |
| | Similar Party | | Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value | | (in thousands) | |
|
| Dodge & Cox |
| LYB INT FINANCE III COMPANY GUAR 04/51 3.625 | | $ | 191 |
| | |
| LYB INT FINANCE III COMPANY GUAR 05/30 3.375 | | | 112 |
| | |
| LYB INT FINANCE III COMPANY GUAR 05/50 4.2 | | | 58 |
| | |
| LYB INT FINANCE III COMPANY GUAR 10/30 2.25 | | | 51 |
| | |
| MASTERCARD INC SR UNSECURED 03/50 3.85 | | | 129 |
| | |
| MCDONALD S CORP SR UNSECURED 04/50 4.2 | | | 96 |
| | |
| MCDONALD S CORP SR UNSECURED 07/27 3.5 | | | 57 |
| | |
| NATWEST GROUP PLC SUBORDINATED 12/22 6.125 | | | 550 |
| | |
| NATWEST GROUP PLC SUBORDINATED 12/23 6 | | | 914 |
| | |
| NEW JERSEY ST TURNPIKE AUTH NJSTRN 01/40 FIXED 7.414 | | | 126 |
| | |
| NEW JERSEY ST TURNPIKE AUTH NJSTRN 01/41 FIXED 7.102 | | | 531 |
| | |
| OCCIDENTAL PETROLEUM COR SR UNSECURED 08/24 2.9 | | | 481 |
| | |
| OCCIDENTAL PETROLEUM COR SR UNSECURED 08/26 3.2 | | | 70 |
| | |
| OCCIDENTAL PETROLEUM COR SR UNSECURED 08/29 3.5 | | | 366 |
| | |
| ORACLE CORP SR UNSECURED 04/30 2.95 | | | 280 |
| | |
| ORACLE CORP SR UNSECURED 04/40 3.6 | | | 293 |
| | |
| ORACLE CORP SR UNSECURED 04/50 3.6 | | | 379 |
| | |
| PETROBRAS GLOBAL FINANCE COMPANY GUAR 01/31 5.6 | | | 690 |
| | |
| PETROBRAS GLOBAL FINANCE COMPANY GUAR 03/44 7.25 | | | 258 |
| | |
| PETROBRAS GLOBAL FINANCE COMPANY GUAR 03/49 6.9 | | | 222 |
| | |
| PETROBRAS GLOBAL FINANCE COMPANY GUAR 06/50 6.75 | | | 590 |
| | |
| PETROLEOS MEXICANOS COMPANY GUAR 01/45 6.375 | | | 115 |
| | |
| PETROLEOS MEXICANOS COMPANY GUAR 03/27 6.5 | | | 1,159 |
| | |
| PETROLEOS MEXICANOS COMPANY GUAR 06/35 6.625 | | | 1,287 |
| | |
| PETROLEOS MEXICANOS COMPANY GUAR 09/47 6.75 | | | 117 |
| | |
| PROCTER + GAMBLE CO/THE SR UNSECURED 03/30 3 | | | 58 |
| | |
| RELX CAPITAL INC COMPANY GUAR 03/29 4 | | | 297 |
| | |
| SLM STUDENT LOAN TRUST SLMA 2005 3 A6 | | | 2,452 |
| | |
| SLM STUDENT LOAN TRUST SLMA 2011 1 A2 | | | 2,534 |
| | |
| SOUTHERN CO JR SUBORDINA 01/51 VAR | | | 689 |
| | |
| STATE STREET BANK + TRUST CO SHORT TERM INVESTMENT FUND | | | 15,125 |
| | |
| TELECOM ITALIA CAPITAL COMPANY GUAR 06/38 7.721 | | | 278 |
| | |
| TELECOM ITALIA CAPITAL COMPANY GUAR 07/36 7.2 | | | 304 |
| | |
| TIME WARNER CABLE LLC SR SECURED 05/37 6.55 | | | 343 |
| | |
| TIME WARNER CABLE LLC SR SECURED 06/39 6.75 | | | 818 |
| | |
| TRANSCANADA PIPELINES SR UNSECURED 04/30 4.1 | | | 148 |
| | |
| TRANSCANADA TRUST COMPANY GUAR 03/77 VAR | | | 583 |
| | |
| TRANSCANADA TRUST COMPANY GUAR 05/75 VAR | | | 658 |
| | |
| TRANSCANADA TRUST COMPANY GUAR 08/76 VAR | | | 307 |
| | |
| TRANSCANADA TRUST COMPANY GUAR 09/79 VAR | | | 413 |
| | | | UNION PACIFIC RR CO 07 3 PASS THRU CE 01/31 6.176 | | | 330 |
| | | | UNITED PARCEL SERVICE SR UNSECURED 04/50 5.3 | | | 377 |
| | | | UNUM GROUP SR UNSECURED 12/28 6.75 | | | 284 |
| | | | US DOLLAR | | | 1,000 |
35
Appendix of Schedule H – Schedule of Assets (Held at End of Year) December 31, 2020 | Edison 401(k) Savings Plan EIN 95-1240335 Plan Number 002 |
(a) | | (b) | | (c) | | (e) | |
| | Identity of Issuer, | | | | | |
| | Borrower, Lessor, or | | | | Current Value | |
| | Similar Party | | Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value | | (in thousands) | |
|
| Dodge & Cox |
| US TREASURY N/B 05/22 0.125 | | $ | 1,680 |
| | |
| US TREASURY N/B 06/22 0.125 | | | 1,010 |
| | |
| US TREASURY N/B 07/22 0.125 | | | 2,565 |
| | |
| US TREASURY N/B 07/25 0.25 | | | 4,487 |
| | |
| US TREASURY N/B 08/22 0.125 | | | 775 |
| | |
| US TREASURY N/B 08/30 0.625 | | | 1,807 |
| | |
| US TREASURY N/B 09/25 0.25 | | | 2,491 |
| | |
| US TREASURY N/B 11/22 0.125 | | | 1,625 |
| | |
| US TREASURY N/B 11/30 0.875 | | | 1,474 |
| | |
| US TREASURY N/B 11/49 2.375 | | | 1,092 |
| | |
| VERIZON COMMUNICATIONS SR UNSECURED 09/48 4.522 | | | 945 |
| | |
| VODAFONE GROUP PLC JR SUBORDINA 04/79 VAR | | | 467 |
| | |
| WALT DISNEY COMPANY/THE COMPANY GUAR 11/37 6.65 | | | 356 |
| | |
| WELLS FARGO + COMPANY SR UNSECURED 04/21 4.6 | | | 303 |
| | |
| WELLS FARGO + COMPANY SR UNSECURED 04/51 VAR | | | 1,030 |
| | |
| WELLS FARGO + COMPANY SUBORDINATED 06/26 4.1 | | | 229 |
| | |
| WELLS FARGO + COMPANY SUBORDINATED 07/27 4.3 | | | 557 |
| | |
| WELLS FARGO BANK NA SR UNSECURED 08/23 3.55 | | | 270 |
| | |
| WILLIAMS COMPANIES INC SR UNSECURED 11/30 3.5 | | | 396 |
| | |
| ZOETIS INC SR UNSECURED 11/25 4.5 | | | 350 |
| | |
| Total Dodge & Cox | | $ | 150,012 |
| | |
| | | | |
| | Jackson Square Partners |
| ABIOMED INC COMMON STOCK USD.01 | | $ | 2,107 |
| | | | ANAPLAN INC COMMON STOCK USD.0001 | | | 2,096 |
| | | | BILL.COM HOLDINGS INC COMMON STOCK USD.00001 | | | 1,981 |
| | | | BIO TECHNE CORP COMMON STOCK USD.01 | | | 3,398 |
| | | | CARLYLE GROUP INC/THE COMMON STOCK USD1.0 | | | 1,148 |
| | | | DOLBY LABORATORIES INC CL A COMMON STOCK USD.001 | | | 2,339 |
| | | | ELASTIC NV COMMON STOCK EUR.01 | | | 3,131 |
| | | | EQUITY COMMONWEALTH REIT USD.01 | | | 973 |
| | | | FARFETCH LTD CLASS A COMMON STOCK USD.04 | | | 1,985 |
| | | | FIVE BELOW COMMON STOCK USD.01 | | | 1,411 |
| | | | FIVERR INTERNATIONAL LTD COMMON STOCK | | | 1,664 |
| | | | GRACO INC COMMON STOCK USD1.0 | | | 1,854 |
| | | | GROCERY OUTLET HOLDING CORP COMMON STOCK USD.001 | | | 3,710 |
| | | | GUIDEWIRE SOFTWARE INC COMMON STOCK USD.0001 | | | 2,488 |
| | | | HEALTHEQUITY INC COMMON STOCK USD.0001 | | | 3,498 |
| | | | IRHYTHM TECHNOLOGIES INC COMMON STOCK USD.001 | | | 1,959 |
| | | | LIBERTY BROADBAND C COMMON STOCK USD.01 | | | 1,984 |
| | | | LIVERAMP HOLDINGS INC COMMON STOCK USD.1 | | | 3,916 |
| | | | LYFT INC A COMMON STOCK USD.00001 | | | 3,604 |
| | | | NEVRO CORP COMMON STOCK USD.001 | | | 2,323 |
| | | | NEW YORK TIMES CO A COMMON STOCK USD.1 | | | 2,989 |
| | | | PACIFIC BIOSCIENCES OF CALIF COMMON STOCK USD.0001 | | | 3,768 |
36
Appendix of Schedule H – Schedule of Assets (Held at End of Year) December 31, 2020 | Edison 401(k) Savings Plan EIN 95-1240335 Plan Number 002 |
(a) | | (b) | | (c) | | (e) | |
| | Identity of Issuer, | | | | | |
| | Borrower, Lessor, or | | | | Current Value | |
| | Similar Party | | Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value | | (in thousands) | |
|
| Jackson Square Partners |
| PAPA JOHN S INTL INC COMMON STOCK USD.01 | | $ | 2,446 |
| | |
| REDFIN CORP COMMON STOCK | | | 1,855 |
| | |
| SAILPOINT TECHNOLOGIES HOLDI COMMON STOCK USD.0001 | | | 2,279 |
| | |
| STATE STREET BANK + TRUST CO SHORT TERM INVESTMENT FUND | | | 2,547 |
| | |
| STITCH FIX INC CLASS A COMMON STOCK USD.00002 | | | 2,378 |
| | |
| TANDEM DIABETES CARE INC COMMON STOCK | | | 3,359 |
| | |
| US DOLLAR | | | 1,000 |
| | |
| VARONIS SYSTEMS INC COMMON STOCK USD.001 | | | 2,853 |
| | |
| WIX.COM LTD COMMON STOCK ILS.01 | | | 2,325 |
| | |
| WYNDHAM HOTELS + RESORTS INC COMMON STOCK USD.01 | | | 1,782 |
| | |
| Total Jackson Square Partners | | $ | 77,150 |
| | |
| | | | |
| | Next Century |
| US DOLLAR | | $ | 103 |
| | | | Total Next Century | | $ | 103 |
| | | | | | | |
| | AJO Partners | | AARON S CO INC/THE COMMON STOCK USD.5 | | $ | 17 |
| | | | CTO REALTY GROWTH INC COMMON STOCK USD1.0 | | | 29 |
| | | | GAMING AND LEISURE PROPERTIE REIT | | | 3 |
| | | | US DOLLAR | | | 71 |
| | | | Total AJO Partners | | $ | 120 |
| | | | | | | |
| | Loomis Sayles | | ALIBABA GROUP HOLDING SP ADR ADR USD.000025 | | $ | 10,041 |
| | | | ALPHABET INC CL A COMMON STOCK USD.001 | | | 5,889 |
| | | | ALPHABET INC CL C COMMON STOCK USD.001 | | | 5,900 |
| | | | AMAZON.COM INC COMMON STOCK USD.01 | | | 15,223 |
| | | | AUTODESK INC COMMON STOCK USD.01 | | | 10,854 |
| | | | AUTOMATIC DATA PROCESSING COMMON STOCK USD.1 | | | 1,409 |
| | | | BOEING CO/THE COMMON STOCK USD5.0 | | | 9,312 |
| | | | CERNER CORP COMMON STOCK USD.01 | | | 3,535 |
| | | | CISCO SYSTEMS INC COMMON STOCK USD.001 | | | 3,339 |
| | | | COLGATE PALMOLIVE CO COMMON STOCK USD1.0 | | | 3,070 |
| | | | DEERE + CO COMMON STOCK USD1.0 | | | 8,103 |
| | | | EXPEDITORS INTL WASH INC COMMON STOCK USD.01 | | | 4,763 |
| | | | FACEBOOK INC CLASS A COMMON STOCK USD.000006 | | | 12,133 |
| | | | FACTSET RESEARCH SYSTEMS INC COMMON STOCK USD.01 | | | 2,995 |
| | | | ILLUMINA INC COMMON STOCK USD.01 | | | 4,865 |
| | | | INTUITIVE SURGICAL INC COMMON STOCK USD.001 | | | 2,818 |
| | | | MICROSOFT CORP COMMON STOCK USD.00000625 | | | 8,381 |
| | | | MONSTER BEVERAGE CORP COMMON STOCK | | | 7,719 |
| | | | NOVARTIS AG SPONSORED ADR ADR | | | 7,160 |
| | | | NOVO NORDISK A/S SPONS ADR ADR | | | 1,814 |
| | | | NVIDIA CORP COMMON STOCK USD.001 | | | 10,026 |
| | | | ORACLE CORP COMMON STOCK USD.01 | | | 8,032 |
| | | | QUALCOMM INC COMMON STOCK USD.0001 | | | 5,930 |
37
Appendix of Schedule H – Schedule of Assets (Held at End of Year) December 31, 2020 | Edison 401(k) Savings Plan EIN 95-1240335 Plan Number 002 |
(a) | | (b) | | (c) | | (e) | |
| | Identity of Issuer, | | | | | |
| | Borrower, Lessor, or | | | | Current Value | |
| | Similar Party | | Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value | | (in thousands) | |
|
| Loomis Sayles |
| REGENERON PHARMACEUTICALS COMMON STOCK USD.001 | | $ | 5,551 |
| | |
| ROCHE HOLDINGS LTD SPONS ADR ADR CNY1.0 | | | 5,729 |
| | |
| SALESFORCE.COM INC COMMON STOCK USD.001 | | | 8,139 |
| | |
| SCHLUMBERGER LTD COMMON STOCK USD.01 | | | 2,447 |
| | |
| SEI INVESTMENTS COMPANY COMMON STOCK USD.01 | | | 3,049 |
| | |
| STARBUCKS CORP COMMON STOCK USD.001 | | | 5,661 |
| | |
| US DOLLAR | | | 813 |
| | |
| VISA INC CLASS A SHARES COMMON STOCK USD.0001 | | | 12,281 |
| | |
| WALT DISNEY CO/THE COMMON STOCK USD.01 | | | 7,868 |
| | |
| WORKDAY INC CLASS A COMMON STOCK USD.001 | | | 3,128 |
| | |
| YUM BRANDS INC COMMON STOCK | | | 2,642 |
| | |
| YUM CHINA HOLDINGS INC COMMON STOCK USD.01 | | | 2,071 |
| | |
| Total Loomis Sayles | | $ | 212,690 |
| | |
| | | | |
| | Black Rock |
| US DOLLAR | | $ | 68 |
| | |
| Total Black Rock | | $ | 68 |
| | |
| | | | |
| | T. Rowe Price |
| ABBVIE INC COMMON STOCK USD.01 | | $ | 3,226 |
| | |
| ALPHABET INC CL C COMMON STOCK USD.001 | | | 333 |
| | |
| AMEREN CORPORATION COMMON STOCK USD.01 | | | 1,757 |
| | |
| AMERICAN INTERNATIONAL GROUP COMMON STOCK USD2.5 | | | 4,694 |
| | |
| ANTHEM INC COMMON STOCK USD.01 | | | 385 |
| | |
| APPLIED MATERIALS INC COMMON STOCK USD.01 | | | 4,554 |
| | |
| AVALONBAY COMMUNITIES INC REIT USD.01 | | | 866 |
| | |
| BANK OF AMERICA CORP COMMON STOCK USD.01 | | | 2,087 |
| | |
| BECTON DICKINSON AND CO COMMON STOCK USD1.0 | | | 3,160 |
| | |
| BECTON DICKINSON AND CO PREFERRED STOCK 06/23 6 | | | 539 |
| | |
| BOEING CO/THE COMMON STOCK USD5.0 | | | 1,832 |
| | |
| BUNGE LTD COMMON STOCK USD.01 | | | 1,842 |
| | |
| CATERPILLAR INC COMMON STOCK USD1.0 | | | 1,820 |
| | |
| CF INDUSTRIES HOLDINGS INC COMMON STOCK USD.01 | | | 2,356 |
| | |
| CHUBB LTD COMMON STOCK | | | 5,305 |
| | |
| CISCO SYSTEMS INC COMMON STOCK USD.001 | | | 3,441 |
| | |
| CITRIX SYSTEMS INC COMMON STOCK USD.001 | | | 1,613 |
| | | | COCA COLA CO/THE COMMON STOCK USD.25 | | | 1,799 |
| | | | COMCAST CORP CLASS A COMMON STOCK USD.01 | | | 2,798 |
| | | | CONAGRA BRANDS INC COMMON STOCK USD5.0 | | | 2,308 |
| | | | CONOCOPHILLIPS COMMON STOCK USD.01 | | | 1,838 |
| | | | CUMMINS INC COMMON STOCK USD2.5 | | | 1,617 |
| | | | CVS HEALTH CORP COMMON STOCK USD.01 | | | 2,711 |
| | | | DUPONT DE NEMOURS INC COMMON STOCK USD.01 | | | 4,814 |
| | | | ELANCO ANIMAL HEALTH INC COMMON STOCK | | | 1,826 |
| | | | ELANCO ANIMAL HEALTH INC PREFERRED STOCK 02/23 5 | | | 62 |
| | | | ENTERGY CORP COMMON STOCK USD.01 | | | 2,186 |
38
Appendix of Schedule H – Schedule of Assets (Held at End of Year) December 31, 2020 | Edison 401(k) Savings Plan EIN 95-1240335 Plan Number 002 |
(a) |
| (b) |
| (c) |
| (e) | |
| | Identity of Issuer, | | | | | |
|
| Borrower, Lessor, or | | |
| Current Value | |
|
| Similar Party |
| Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value |
| (in thousands) | |
|
| T. Rowe Price |
| EQUITABLE HOLDINGS INC COMMON STOCK USD.01 | | $ | 1,890 |
| | |
| EXXON MOBIL CORP COMMON STOCK | | | 2,077 |
| | |
| FIFTH THIRD BANCORP COMMON STOCK | | | 2,991 |
| | |
| FORTUNE BRANDS HOME + SECURI COMMON STOCK USD.01 | | | 1,282 |
| | |
| FOX CORP CLASS B COMMON STOCK USD.01 | | | 1,344 |
| | |
| GENERAL ELECTRIC CO COMMON STOCK USD.06 | | | 6,799 |
| | |
| GILEAD SCIENCES INC COMMON STOCK USD.001 | | | 1,066 |
| | |
| GOLDMAN SACHS GROUP INC COMMON STOCK USD.01 | | | 1,240 |
| | |
| HOLOGIC INC COMMON STOCK USD.01 | | | 2,351 |
| | |
| ILLINOIS TOOL WORKS COMMON STOCK USD.01 | | | 1,691 |
| | |
| INTERNATIONAL PAPER CO COMMON STOCK USD1.0 | | | 3,797 |
| | |
| JOHNSON + JOHNSON COMMON STOCK USD1.0 | | | 3,670 |
| | |
| JPMORGAN CHASE + CO COMMON STOCK USD1.0 | | | 2,950 |
| | |
| KIMBERLY CLARK CORP COMMON STOCK USD1.25 | | | 1,456 |
| | |
| KOHLS CORP COMMON STOCK USD.01 | | | 1,126 |
| | |
| LAS VEGAS SANDS CORP COMMON STOCK USD.001 | | | 1,371 |
| | |
| MAGNA INTERNATIONAL INC COMMON STOCK | | | 2,503 |
| | |
| MARSH + MCLENNAN COS COMMON STOCK USD1.0 | | | 2,318 |
| | |
| MEDTRONIC PLC COMMON STOCK USD.1 | | | 4,428 |
| | |
| MERCK + CO. INC. COMMON STOCK USD.5 | | | 1,232 |
| | |
| METLIFE INC COMMON STOCK USD.01 | | | 3,863 |
| | |
| MICROSOFT CORP COMMON STOCK USD.00000625 | | | 4,879 |
| | | | MORGAN STANLEY COMMON STOCK USD.01 | | | 6,776 |
| | | | NEWS CORP CLASS A COMMON STOCK USD.01 | | | 1,756 |
| | | | NEXTERA ENERGY INC COMMON STOCK USD.01 | | | 3,125 |
| | | | NIELSEN HOLDINGS PLC COMMON STOCK EUR.07 | | | 1,144 |
| | | | NXP SEMICONDUCTORS NV COMMON STOCK | | | 1,713 |
| | | | PERRIGO CO PLC COMMON STOCK EUR.001 | | | 1,246 |
| | | | PFIZER INC COMMON STOCK USD.05 | | | 2,233 |
| | | | PHILIP MORRIS INTERNATIONAL COMMON STOCK | | | 3,243 |
| | | | PIONEER NATURAL RESOURCES CO COMMON STOCK USD.01 | | | 1,297 |
| | | | PUBLIC SERVICE ENTERPRISE GP COMMON STOCK | | | 1,288 |
| | | | QUALCOMM INC COMMON STOCK USD.0001 | | | 5,623 |
| | | | ROCKWELL AUTOMATION INC COMMON STOCK USD1.0 | | | 1,338 |
| | | | ROWE T PRICE GOV RES FD | | | 4,439 |
| | | | SCHLUMBERGER LTD COMMON STOCK USD.01 | | | 670 |
| | | | SCHWAB (CHARLES) CORP COMMON STOCK USD.01 | | | 3,253 |
| | | | SEMPRA ENERGY COMMON STOCK | | | 1,287 |
| | | | SEMPRA ENERGY PREFERRED STOCK 01/21 6 | | | 1,243 |
| | | | SEMPRA ENERGY PREFERRED STOCK 07/21 6.75 | | | 320 |
| | | | SIGNATURE BANK COMMON STOCK USD.01 | | | 1,445 |
| | | | SL GREEN REALTY CORP REIT USD.01 | | | 938 |
| | | | SOUTHERN CO PREFERRED STOCK 08/22 6.75 | | | 875 |
| | | | SOUTHERN CO/THE COMMON STOCK USD5.0 | | | 5,786 |
39
Appendix of Schedule H – Schedule of Assets (Held at End of Year) December 31, 2020 | Edison 401(k) Savings Plan EIN 95-1240335 Plan Number 002 |
(a) |
| (b) |
| (c) |
| (e) | |
| | Identity of Issuer, | | | | | |
|
| Borrower, Lessor, | | |
| Current Value | |
|
| or Similar Party |
| Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value |
| (in thousands) | |
|
| T. Rowe Price |
| SOUTHWEST AIRLINES CO COMMON STOCK USD1.0 | | $ | 1,763 |
| | |
| STATE STREET CORP COMMON STOCK USD1.0 | | | 1,830 |
| | |
| STERICYCLE INC COMMON STOCK USD.01 | | | 1,049 |
| | |
| TC ENERGY CORP COMMON STOCK | | | 1,762 |
| | |
| TE CONNECTIVITY LTD COMMON STOCK CHF.57 | | | 1,990 |
| | |
| TEXAS INSTRUMENTS INC COMMON STOCK USD1.0 | | | 3,260 |
| | |
| THERMO FISHER SCIENTIFIC INC COMMON STOCK USD1.0 | | | 1,652 |
| | |
| TJX COMPANIES INC COMMON STOCK USD1.0 | | | 2,385 |
| | |
| TOTAL SE SPON ADR ADR | | | 4,681 |
| | |
| TYSON FOODS INC CL A COMMON STOCK USD.1 | | | 2,916 |
| | |
| UNITED PARCEL SERVICE CL B COMMON STOCK USD.01 | | | 5,482 |
| | |
| US DOLLAR | | | 947 |
| | |
| WALMART INC COMMON STOCK USD.1 | | | 1,792 |
| | |
| WALT DISNEY CO/THE COMMON STOCK USD.01 | | | 2,776 |
| | |
| WELLS FARGO + CO COMMON STOCK USD1.666 | | | 5,466 |
| | |
| WELLTOWER INC REIT USD1.0 | | | 1,338 |
| | |
| WEYERHAEUSER CO REIT USD1.25 | | | 4,415 |
| | |
| ZIMMER BIOMET HOLDINGS INC COMMON STOCK USD.01 | | | 2,200 |
| | |
| Total T. Rowe Price | | $ | 216,835 |
| | |
| | | | |
| | |
| Grand Total | | $ | 825,838 |
40
Item 9.01Financial Statements and Exhibits
(d) | Exhibits |
EXHIBIT INDEX
Exhibit No. |
| Description |
23.1 | | Consent of Independent Registered Public Accounting Firm – BDO USA, LLP |
23.2 | | Consent of Independent Registered Public Accounting Firm – VASQUEZ & COMPANY LLP |
41
Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the Plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: June 29, 2021
| | EDISON 401 (K) SAVINGS PLAN |
| | |
| By: | /s/ Jacqueline Trapp |
| | Jacqueline Trapp |
| | Chair of the Southern California Edison Company |
| | Benefits Committee |
42
Exhibit 23.1
Consent of Independent Registered Public Accounting Firm
Plan Administrator and Participants
Edison 401(k) Savings Plan
Rosemead, California
We hereby consent to the incorporation by reference in the Registration Statement on Form S-8 (No. 333-162989) of Edison International of our report dated June 26, 2020, relating to the financial statements and supplemental schedules of Edison 401(k) Savings Plan which appear in this Form 11-K as of December 31, 2019.
/s/ BDO USA, LLP | |
| |
Costa Mesa, California | |
| |
June 29, 2021 | |
Exhibit 23.2
Consent of Independent Registered Public Accounting Firm
We consent to the incorporation by reference in the Registration Statement (No. 333-162989) on Form S-8 of Edison 401(k) Savings Plan of our report dated June 29, 2021, relating to our audit of the financial statements and supplemental schedules of Edison 401(k) Savings Plan, which appears in this Annual Report on Form 11-K of Edison 401(k) Savings Plan for the year ended December 31, 2020.
/s/ Vasquez & Company LLP | |
| |
Glendale, California | |
June 29, 2021 | |