11-K 1 c-401kplanpuertoricox12312.htm CITIGROUP FORM 11-K 401K PLAN PUERTO RICO C-401K Plan Puerto Rico-12.31.2014

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 11-K

ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934




For the fiscal year ended December 31, 2014

Commission File No. 1-9924


__________________________________



A.
Full title of the plan and the address of the plan, if different from that of the issuer named below:

Citibuilder 401(k) Plan for Puerto Rico
Plan Administration Committee
One Court Square, 46th Floor
Long Island City, NY 11120



B.
Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

Citigroup Inc.
399 Park Avenue
New York, NY 10022






CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Financial Statements and Supplemental Schedule
December 31, 2014 and 2013
(With Report of Independent Registered Public Accounting Firm Thereon)





CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Financial Statements and Supplemental Schedule
December 31, 2014 and 2013
Table of Contents
 
Page
Report of Independent Registered Public Accounting Firm
 
 
Financial Statements:
 
 
 
Statements of Net Assets Available for Benefits as of December 31, 2014 and 2013
 
 
Statements of Changes in Net Assets Available for Benefits for the years ended December 31, 2014 and 2013
 
 
Notes to Financial Statements
 
 
Supplemental Schedule:*
 
 
 
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) as of December 31, 2014
 
 
Signatures
 
 
Index to Exhibit
 
EX-23.1: Consent of KPMG LLP
89
*
Other schedules required by Form 5500 which are not applicable have been omitted




Report of Independent Registered Public Accounting Firm
The Plan’s Administration Committee
Citigroup Inc.:
We have audited the accompanying statements of net assets available for benefits of the Citibuilder 401(k) Plan for Puerto Rico (the Plan) as of December 31, 2014 and 2013, and the related statements of changes in net assets available for benefits for the years then ended. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2014 and 2013, and the changes in net assets available for benefits for the years then ended, in conformity with U.S. generally accepted accounting principles.
The supplemental information in the accompanying Schedule H, Line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2014 has been subjected to audit procedures performed in conjunction with the audit of the Plan's 2014 financial statements. The supplemental information is presented for the purpose of additional analysis and is not a required part of the financial statements but include 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, 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 Schedule H, Line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2014 is fairly stated in all material respects in relation to the 2014 financial statements as a whole.


/s/ KPMG LLP

New York, New York
June 12, 2015




CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Statements of Net Assets Available for Benefits
December 31, 2014 and 2013
 
2014
 
2013
Assets:
 
 
 
Investments, at fair value:
 
 
 
Cash equivalents and short-term investments
$
2,675,684

 
$
2,863,103

U.S. equities
2,260,122

 
2,367,725

Non-U.S. equities
519,938

 
377,752

Mutual funds
2,498,053

 
2,840,449

Collective trust funds
20,227,282

 
18,364,083

Guaranteed investment contracts
2,439,099

 
2,315,985

Wrapper contracts
388

 
364

Total investments
30,620,566

 
29,129,461

Loans receivable from participants
2,333,876

 
2,591,981

Receivables:
 
 
 
Employer contributions
1,439,397

 
1,630,565

Interest and dividends
6,129

 
6,255

Receivable for securities sold
9,430

 
2,959

Participant contributions

 
497

Other
13

 
937

Total receivables
1,454,969

 
1,641,213

Total assets
34,409,411

 
33,362,655

Liabilities:
 
 
 
Payable for securities purchased
12,006

 
4,788

Payable for trustee and administrative fees
15,531

 
14,074

Total liabilities
27,537

 
18,862

Net assets reflecting all investments at fair value
34,381,874

 
33,343,793

Adjustment from fair value to contract value for fully benefit-responsive investment contracts
(78,375
)
 
(70,673
)
Net assets available for benefits
$
34,303,499

 
$
33,273,120

See accompanying notes to financial statements.
 
 
 


2



CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Statements of Changes in Net Assets Available for Benefits
Years Ended December 31, 2014 and 2013
 
2014
 
2013
Additions to net assets attributable to:
 
 
 
Investment income:
 
 
 
Dividends
$
173,176

 
$
161,760

Interest
91,132

 
101,003

Net appreciation in fair value of investments
1,152,448

 
3,952,685

Net investment income
1,416,756

 
4,215,448

Interest income from loans receivable from participants
103,445

 
101,113

Contributions:
 
 
 
Employer
1,368,455

 
1,717,665

Participants
1,274,267

 
1,319,671

Rollover

 
31,410

Total contributions
2,642,722

 
3,068,746

Total additions to net assets
4,162,923

 
7,385,307

Deductions from net assets attributable to:
 
 
 
Distributions to participants
3,070,843

 
3,397,763

Trustee and administrative expenses
60,443

 
53,624

Dividends paid directly to participants
1,258

 
1,481

Total deductions from net assets
3,132,544

 
3,452,868

Net increase
1,030,379

 
3,932,439

Net assets available for benefits at:
 
 
 
Beginning of year
33,273,120

 
29,340,681

End of year
$
34,303,499

 
$
33,273,120

See accompanying notes to financial statements.
 
 
 



3


CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Notes to Financial Statements
December 31, 2014 and 2013



(1)
Description of the Plan
The following brief description of the Citibuilder 401(k) Plan for Puerto Rico (the Plan) is provided for general information purposes only. Participants should refer to the Plan document for a more complete description of the Plan’s provisions.
(a)
General
The Plan commenced on January 1, 2001 as a defined contribution plan designed to encourage savings on the part of eligible employees. The Plan covers eligible employees of Citibank, N.A., a subsidiary of Citigroup Inc., (the Company) and its affiliates who primarily reside and work in Puerto Rico. Citibank, N.A. is the Plan Sponsor. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (ERISA), and the Puerto Rico Internal Revenue Code of 2011 (PRIRC).
Banco Popular de Puerto Rico (Banco Popular) is the trustee of the Plan. Plan investments, including the Citigroup Common Stock Fund, are held at State Street Bank & Trust Company (State Street), the custodian, in a trust fund established under the Plan. The Plan is administered by Aon Hewitt, a third‑party administrator.
The Company maintains a Financial Education Program for participants. Program costs are paid by the Company. The program offers educational resources such as articles, tutorials and videos. In addition, the Company has retained Financial Engines Advisors LLC (a registered investment advisor and referred to as Financial Engines) to provide assistance to participants on asset allocation for their Plan investments based on their individual risk profile, retirement horizon, and other factors.
The Plan also offers the Professional Management Program through Financial Engines, which provides for participants to have their accounts professionally managed. Participants who voluntarily elect this program are charged a maximum of 0.35% or $2.92 per month for each $10,000 in their account. For participants with account balances over $100,000, advisory fees charged to the participant account are reduced. If a participant chooses to enroll in the Professional Management Program, the fee is automatically deducted from their account.

(b)
Eligibility
Eligible employees generally include employees performing services for the Company and employees of participating subsidiaries, who are considered bona fide residents of Puerto Rico or who perform services primarily in Puerto Rico, as defined in the Plan document.
Full time employees or part‑time employees scheduled to work 20 or more hours a week are eligible to participate on the first day of the first pay period after the participant becomes an employee of the Company.
Part‑time employees scheduled to work fewer than 20 hours a week are eligible to participate in the Plan on January 1 or July 1 after the employee is credited with at least 1,000 hours of service during the first 12 months with the Company or at least 1,000 hours of service in any calendar year beginning after the employee’s date of hire.

4


CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Notes to Financial Statements
December 31, 2014 and 2013





(c)
Employee Contributions
An eligible employee may elect to have a portion of his or her eligible pay, which generally includes overtime, commissions, shift differential pay, and periodic incentive bonuses, reduced each pay period, as a before‑tax contribution deferral in any 1% increment, by an amount up to 50% of eligible compensation in a whole percentage up to the maximum permitted by law for before‑tax salary deferrals, plus an additional catch‑up contribution, if eligible (in whole percentages but not exceeding 49% of pay). The statutory limit for before‑tax contributions was $15,000 for both 2014 and 2013. Employee before‑tax contributions and employer contributions (described below in note 1(d)), as well as the earnings thereon, are taxed to the participant at the time of distribution.
Eligible full or part‑time employees will be subject to the Plan’s automatic enrollment provision and enrolled to contribute to the Plan 90 days after their eligibility date. If eligible employees do not want to be enrolled automatically in the Plan, they have a 90‑day grace period from their eligibility date to decline participation in the automatic enrollment. The initial automatic deferral percentage is 3%. Participants who are automatically enrolled in the Plan, but do not make an investment election, are invested in the Plan’s default investment alternative, which is the Plan’s “target retirement date” fund consistent with the participant’s projected year of retirement, as further explained in the Plan document. For this purpose, a participant’s projected year of retirement is the year the participant will become 65 years of age. The BlackRock Fund Advisors (BFA) LifePath Funds are the current retirement date funds offered by the Plan. Participants whose first date of hire is on or after January 1, 2007, who are automatically enrolled in the Plan, will be deemed to have filed a deferral election authorizing their before‑tax contributions to be increased by 1% annually up to a maximum of 10%, unless the participant directs otherwise. An automatically enrolled employee may change the rate of before‑tax deferrals at any time.
Catch‑up contributions are permitted in accordance with Section 1081.01(d)(7) of the PRIRC. Participants who are over age 50 by the Plan year‑end can contribute up to 49% of their eligible pay up to $1,500 for both 2014 and 2013, increasing the participants’ statutory limitation on before‑tax contribution to $16,500 for both 2014 and 2013. There is no automatic enrollment for catch‑up contributions.
In addition, the PRIRC limits contributions for highly compensated participants, defined by the PRIRC to be participants with annual compensation greater than $115,000 for both 2014 and 2013.

(d)
Employer Contributions
During 2014 and 2013, employer contributions consisted of three major components: the Company matching contribution, fixed contribution, and transition contribution.
The Company matching contribution was equal to 100% of the participant’s before-tax contributions up to 6% of the participant’s eligible compensation in 2014 and 2013 (up to the annual compensation maximum set by the PRIRC - $260,000 for 2014 and $255,000 for 2013) for eligible employees at all compensation levels. Company matching contributions did not exceed the lesser of the participant’s contribution or 6% of the participant’s eligible compensation up to the statutory limit. Catch‑up contributions are not subject to matching contributions. Participants must contribute to the Plan to receive Company matching contributions.
A fixed contribution of up to 2% of eligible pay is credited to the Plan accounts of eligible employees whose qualifying annual compensation, as defined in the Plan is $100,000 or less.

5


CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Notes to Financial Statements
December 31, 2014 and 2013




An annual transition contribution is credited to the Plan accounts of certain employees who were eligible to receive benefits under the Plan, the Citigroup Pension Plan, and the Citigroup Ownership Program in 2007, prior to the plans’ redesign. If an employee’s total benefit opportunity under the three programs was greater than his benefit opportunity under the Plan, an additional transition contribution is credited. Participants receiving this transition contribution generally have long service and must be continuously employed by the Company since December 31, 2006.
At December 31, 2014, the employer contribution receivable was $1.44 million; whereas, at December 31, 2013, the employer contribution receivable was $1.63 million. Company contributions relating to 2014 and 2013 were received and credited to participant accounts during the first quarter of the following year: 2015 and 2014, respectively.

(e)
Participant Accounts
The Plan maintains a separate account for each participant, to which contributions, expenses, investment gains and losses are allocated.
Participants may elect to invest their deferral contributions, Company contributions, and account balance, among the investment fund options offered under the Plan in whole increments of 1%.
A participant may elect to suspend or resume his or her contributions, subject to the Plan’s notice requirements. In addition, a participant may change the rate of his or her contributions, subject to the Plan’s notice requirements, and may elect to change the allocation of future contributions among the funds daily. A participant may also elect to transfer the value of his or her contributions in whole increments of 1% to other Plan investment funds, subject to certain restrictions.
Changes requested by participants are implemented as soon as administratively practicable, in accordance with the Plan document.
(f)
Rollover and Transfer Contributions
The Plan permits participants to have their interests in other Puerto Rico qualified plans rolled over to the Plan. However, rollovers from an Individual Retirement Account (IRA) are not permitted under Puerto Rico law. Transfers or rollovers to the Plan may only be made with the approval of the Plan’s management and do not affect any other contributions made by or on behalf of a participant.
Of the participant contributions reported in 2014 and 2013, $0 and $31,410, respectively, related to rollover contributions into the Plan.
(g)
Investment Options
Plan assets are held in a trust fund and are invested in the investment options offered under the Plan at the direction of Plan participants, in accordance with the Plan document. The Plan is intended to satisfy the requirements of Section 404(c) of ERISA.
In general, Plan participants may move a portion or all of their account balance among the Plan’s investment options through a fund transfer, reallocation, or rebalance, generally not more frequently than once every seven calendar days. An exception to this rule is that they may move a portion or all of their account balances into the BlackRock Liquidity Fund at any time. However, once a participant moves his or her Plan assets into that fund, he or she cannot move Plan assets out of the fund for seven calendar days.

6


CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Notes to Financial Statements
December 31, 2014 and 2013




In addition, Plan participants may not move an investment in the BNY Mellon Stable Value Fund (see note 4) through a fund transfer, reallocation, or rebalance directly into any of the two investment options that are considered competitors of the BNY Mellon Stable Value Fund: the BlackRock Liquidity Fund and the BFA LifePath Index Retirement Fund. The BFA LifePath Index Retirement Fund is not considered a money market fund or stable value fund. This restriction on transfers enables the BNY Mellon Stable Value Fund to secure higher yielding, fixed income investments intended to preserve principal and earned interest.
If a Plan participant moves a portion or all of their account balance from the BNY Mellon Stable Value Fund through a fund transfer, reallocation, or rebalance into any investment option other than the two competing investment options named above, the amount moved must remain invested in a noncompeting investment option for at least 90 days before it can be moved into one of the two competing investment options.
These restrictions are subject to change at any time depending on generally applicable Plan rules or the requirements of the funds.
To the extent required by the compliance procedures of a mutual fund to ensure the fund’s adherence to the market timing rules mandated by the Securities and Exchange Commission, upon request by a mutual fund, the Plan may provide reports to the fund detailing Plan participants’ trading activity in that particular fund. The Company also may restrict the ability of certain Plan participants to invest in or divest from the Citigroup Common Stock Fund.
In general, no transaction costs are associated with the Plan, though the funds have the right to impose redemption fees, should they decide to do so.
The Plan does not directly participate in securities lending programs; however, there are investment funds that engage in securities lending which are available to Plan participants. The investment manager for an investment option determines the terms of, and the extent to which, securities lending is used. Engaging in securities lending is intended to benefit Plan participants investing in such investment offering and the Plan overall.
Effective June 30, 2013, SSgA Active Emerging Market Fund was eliminated as a component of the Emerging Market Equity Fund and replaced with the SSGA Active Emerging Markets Select NL SF CL A.
Effective January 1, 2014, Wells Capital Small Cap Value was eliminated as a component of the Small Cap U.S. Equity Fund and replaced with the Vulcan Value Partners Small Cap Value. Additionally, the weighting for the Small Cap U.S. Equity Fund was changed to 40% Numeric Investors, 30% Buckhead Capital Partners and 30% Vulcan Value Partners.
Effective May 1, 2014, Buckhead Capital Small Cap Value was eliminated as a component of the Small Cap U.S. Equity Fund and replaced with the Robeco Boston Partners Small Cap Value.
Effective September 29, 2014, SSgA U.S. Bond Index SL SF CL I (a/k/a SSgA Barclays Aggregate Bond Index) was eliminated and replaced with the State Str Bk & Tr Co Invt Fds Mutual Fund (a/k/a SSgA Diversified Bond Fund).
Effective November 14, 2014, the BFA LifePath Index 2015 Fund was merged into the BFA LifePath Retirement Fund and the BFA LifePath Index 2055 Fund was added.

7


CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Notes to Financial Statements
December 31, 2014 and 2013




Effective March 13, 2015, the PIMCO Emerging Markets Bond Fund was eliminated as a component of the Emerging Market Bond Fund and the assets were transferred to Citigroup Large Cap Growth Wellington Lrg Cap.
(h)
Vesting
The rights of a participant to his or her own contributions and any earnings thereon are at all times fully vested and nonforfeitable.
Any Plan participant who performed an hour of service after June 26, 2007, was fully vested in his or her Company matching contributions.
Company fixed and transition contributions, as described in note 1(d), vest according to the following schedule:
Upon completion of three years of service. Once three years of service have been attained, any fixed and/or transition contributions made on a participant’s behalf will be immediately vested;
If a participant reaches age 55, dies or becomes disabled while in service;
In the case of a full or partial termination of the Plan or complete discontinuance of contributions under the Plan.
Once a participant is vested in his or her Company contributions, those contributions are available for distribution or rollover once he or she leaves the Company or is otherwise eligible to take a distribution, as more fully described in notes 1(k) and (l).
(i)
Forfeited Accounts
Forfeitures are used to offset expenses of the Plan. During 2014, $2,309 of forfeitures was used to offset Plan expenses. During 2013, no forfeitures were used to offset Plan expenses. As of December 31, 2014 and 2013, unallocated forfeitures were $2,572 and $1,567, respectively.
(j)
Loans Receivable from Participants
Subject to the Plan’s provisions and the requirements contained within ERISA and PRIRC, participants may apply for up to two loans from the Plan at a fixed annual interest rate equal to the prime rate, as published in The Wall Street Journal for the fifteenth business day of the month in which the loan application is initiated, plus 1%. Loans may be made for a minimum amount of $1,000, the maximum of which would be the lesser of 50% of the participant’s vested account balance or $50,000, less the highest outstanding loan balance in the previous twelve months. Loans receivable from participants as of December 31, 2014 and 2013, bore interest rates of 4.25% and from 4.25% to 6.00%, respectively.
Loans receivable from participants are valued at unpaid principal plus any accrued but unpaid interest.
Loan repayments by participants who are employed by the Company are generally made through after‑tax payroll deductions. Manual loan repayments by participants who are no longer employed by the Company and who are eligible to make manual loan repayments are submitted directly to Aon Hewitt. Loan terms range from 1 to 5 years for general‑purpose loans or up to 20 years for the purchase of a primary residence.
Each loan is secured through the vested balance in the participant’s Plan account. If a participant defaults on his or her loan by failing to make timely repayments, the outstanding principal and interest due on the loan is treated as a deemed distribution and reported as a taxable distribution to the participant as

8


CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Notes to Financial Statements
December 31, 2014 and 2013




soon as administratively practicable in the year of default. If the participant has an outstanding loan and takes a distribution of his or her Plan benefit, the outstanding principal and interest due on the loan is deducted from the account balance before an amount is distributed to the participant.
A participant applying for a loan through the Plan will be charged a $50 loan application fee. The loan application fee is nonrefundable and will be used to offset the administrative expenses associated with the loan. The fee will be deducted from the participant’s Plan account at the time his or her loan request is processed.

(k)
Withdrawals
Prior to termination of employment, a participant may withdraw, subject to the Plan’s notice requirements, all or a portion of the vested value of his or her participant account if the participant has attained age 59½ or becomes totally and permanently disabled, or a certain portion of the value of his or her participant account in the event of demonstrated financial hardship, subject to the Plan’s provisions. Withdrawals to which a participant is entitled are the amounts that can be provided by the contributions and income thereon (including net realized and unrealized investment gains and losses) allocated to each participant’s account, less allocated expenses. Withdrawals from the Citigroup Common Stock Fund may be paid in either shares of common stock or cash at the discretion of the participant, with the exception of a hardship withdrawal, which must be paid in cash. Fractional shares and withdrawals from other funds are paid in cash.
(l)
Distributions
A participant, after leaving the Company, can have the total of his or her vested account distributed in accordance with the provisions of the Plan.
If the value of a participant’s account equals or exceeds $5,000, the participant may elect to defer the commencement of his or her distribution until his or her normal retirement age, age 65, or may request a distribution at any time in the form of a lump‑sum payment or installments. The value of this distribution will be based on the value of the participant’s vested account at the valuation date that coincides with the distribution, to the extent administratively practicable. If the value of a participant’s account is less than $5,000, the Plan will distribute the participant’s account upon termination of employment.
Distributions to which a participant is entitled are the vested amounts that can be provided by the contributions and income thereon (including net realized and unrealized investment gains and losses) allocated to each participant’s account, less allocated expenses. Distributions from the Citigroup Common Stock Fund may be paid in either shares of common stock or cash at the discretion of the participant. Fractional shares and distributions from other funds are paid in cash.
(2)
Summary of Significant Accounting Policies
(a)
Basis of Accounting
The accompanying financial statements have been prepared under the accrual basis of accounting.
(b)
Use of Estimates
The preparation of the financial statements in conformity with U.S. generally accepted accounting principles requires the Plan’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities, changes therein, and disclosure of contingent assets and liabilities at the date the financial statements are prepared. Actual results could differ from those estimates and

9


CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Notes to Financial Statements
December 31, 2014 and 2013


assumptions. Significant estimates inherent in the preparation of the financial statements include the fair value of investments.
(c)
Investment Valuation and Income Recognition
The Plan investments are stated at fair value.
Cash equivalents and short-term investments are valued at cost, which approximates fair value. In addition, cash equivalents and short-term investments include short-term investment funds which are valued using net asset value or its equivalent as a practical expedient for fair value in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 820, Fair Value Measurement.
Equity investments traded on national securities exchanges are valued at their closing market prices. When no trades are reported, they are valued at the most recent bid quotation; securities traded in the over‑the‑counter market are valued at their last sale or bid price. This includes U.S. and non‑U.S. equities in separately managed accounts.
The shares of common stock held by the Citigroup Common Stock Fund are valued at the last reported sale price on the New York Stock Exchange on the last business day of the year.
Mutual funds are valued at the net asset value reported in the active market where the fund is traded on a daily basis.
Collective trust funds are valued at the net asset value as a practical expedient as reported by the sponsor of the fund. Participant‑directed redemptions from these collective trust funds generally can be made daily, subject to a Plan imposed 7‑day minimum holding period on investments (other than BNY Mellon Stable Value Fund related investments which have a longer holding period). There were no unfunded commitments as of December 31, 2014.
The FASB ASC Topic 962 (formerly known as FASB issued staff position No. AAG INV‑1 and Statement of Position (SOP) 94‑4‑1, Reporting of Fully Benefit‑Responsive Investment Contracts Held by Certain Investment Companies Subject to the AICPA Investment Company Guide and Defined‑Contribution Health and Welfare and Pension Plans) requires the Plan to report Guaranteed Investment Contracts (GICs) at fair value. As required under ASC 962, the statements of net assets available for benefits present the holdings of these fully benefit‑responsive investment contracts at fair value with an offsetting adjustment which, when netted against the fair value, will equal contract value. Fair values of traditional GICs are calculated using the present value of the contracts’ future cash flows discounted by comparable duration index rates. Fair values of the underlying investments in the synthetic GICs are based on quoted prices in active markets. For constant duration synthetic GICs and separate account GICs, the fair values of the underlying portfolio of these contracts are the market values provided by the underlying investment managers. The statements of net assets available for benefits reflect amounts for (a) total assets, (b) total liabilities, (c) net assets reflecting all investments at fair value, and (d) net assets available for benefits. The amount representing the difference between (c) and (d) is presented on the face of the statements of net assets available for benefits as a separate line item, calculated as the sum of the amounts necessary to adjust the portion of net assets attributable to each fully benefit‑responsive investment contract from fair value to contract value.
Purchases and sales of investments are recorded on a trade-date basis. Securities purchased or sold near year-end may result in payments on these securities not being made or received until after the Plan’s year-end. The amounts of such payments are recorded as payables or receivables as of year-

10


CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Notes to Financial Statements
December 31, 2014 and 2013


end in the statements of net assets available for benefits. Interest income is recorded as earned on the accrual basis. Dividend income is recorded on the ex-dividend date.

(d)
Fair Value of Financial Instruments
The carrying value of the following instruments approximates fair value because of the short maturity nature of these items: receivable for securities sold, interest and dividends receivable, other receivables, and payable for securities purchased.
(e)
Payment of Benefits
Benefits are recorded when paid.
(f)
Recently Issued Accounting Pronouncement
On May 1, 2015, the FASB issued Accounting Standards Update (ASU) No. 2015-07, Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent), which removes the requirement to categorize within the fair value hierarchy all investments for which the fair value is measured using the net asset value per share practical expedient. The ASU also removes the requirement to make certain disclosures for all investments that are eligible to be measured at fair value using the net asset value per share practical expedient. The ASU is effective for public business entities for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. The effective date for all other entities is fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Early adoption is permitted for all entities. Management is currently evaluating the impact of adopting this new accounting standards update on the Plan's financial statements.


11


CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Notes to Financial Statements
December 31, 2014 and 2013


(3)
Investments
A summary of the Plan’s investments as of December 31, 2014 and 2013 is listed below.
 
2014
 
2013
 
 
 
 
 
 
Cash equivalents and short-term investments:

 

 
BlackRock Liquidity Funds
$
2,323,978

*
$
2,568,115

*
Other cash and cash equivalents
351,706

 
294,988

 
Total cash and cash equivalents
2,675,684

 
2,863,103

 
U.S. equities:
 
 
 
 
Large cap companies:

 

 
Citigroup Common Stock Fund
1,607,324

 
1,664,342

*
Other large cap companies
362,849

 
357,618

 
Total large cap companies
1,970,173

 
2,021,960

 
Mid cap companies
188,617

 
203,970

 
Small cap companies
101,332

 
141,795

 
Total U.S. equities
2,260,122

 
2,367,725

 
Non-U.S. equities
519,938

 
377,752

 
Mutual funds
2,498,053

 
2,840,449

 
Collective trust funds:
 
 
 
 
SSgA S&P 500 (R) Indx SL SF CL I
4,186,811

*
3,405,151

*
SSgA Intl Indx SL SF CL I
3,287,999

*
2,959,909

*
SSgA Russell All Cap (R) Indx SL SF CL I
2,646,625

*
2,226,744

*
SSgA S&P Midcap (R) Indx SL SF CL I
2,329,574

*
2,222,576

*
U.S. Diversified Bond BL SF CL A
1,854,316

*

 
Other collective trust funds
5,921,957

 
7,549,703

 
Total collective trust funds
20,227,282

 
18,364,083

 
Guaranteed investment contracts
2,439,099

 
2,315,985

 
Wrapper contracts
388

 
364

 
Investments, at fair value
$
30,620,566

 
$
29,129,461

 
* Represents 5% or more of the Plan’s net assets available for benefits at December 31, 2014 and 2013.


12


CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Notes to Financial Statements
December 31, 2014 and 2013


During the years ended December 31, 2014 and 2013, the Plan’s investments (including gains and losses on investments bought, sold and held during the year) appreciated in fair value by $1.2 million and $4.0 million, respectively, as follows:
 
 
 
 
 
 
2014
 
2013
Cash equivalents and short-term investments and other
$
(2,362
)
 
$
(1
)
Equity investments
115,483

 
810,588

Mutual funds
(112,415
)
 
263,426

Collective trust funds
1,151,742

 
2,878,672

 
Net appreciation in fair value of investments
$
1,152,448

 
$
3,952,685

(4)
Guaranteed Investment Contracts
The Plan’s BNY Mellon Stable Value Fund (Fund) invests in fully benefit‑responsive investment contracts, including traditional GICs, synthetic GICs and separate account GICs issued by insurance companies and consists of insurance contracts, wrapper contracts, and short‑term investments.
Traditional GICs are investment contracts backed by the general assets of the issuer. The issuer agrees to provide the Fund with a guaranteed interest rate on the Fund’s investment for a specified period of time. Participants may ordinarily direct the withdrawal or transfer of all or a portion of their investment at contract value. Contract value represents contributions made under the contract, plus earnings, less participant withdrawals and administrative expenses.
Synthetic GICs consist of two parts: an underlying investment owned directly by the Plan and a “wrapper” contract purchased from an insurance company. The wrapper contract guarantees full payment of principal and interest. The wrapper contracts are obligated to provide an interest crediting rate of not less than zero. The wrapper contract amortizes the realized and unrealized gains and losses on the underlying fixed income investments, typically over the duration of the investments, through adjustments to the future interest crediting rate. These investments are credited with earnings on the underlying investments and charged for participant withdrawals and administrative expenses. Participants may ordinarily direct the withdrawal or transfer of all or a portion of their investment at contract value.
Separate account GICs are investments in a segregated account of assets maintained by an insurance company for the benefit of the investors. The total return of the segregated account assets supports the separate account GICs return. The credited rate on this product will reset periodically and it will have an interest rate of not less than zero.
Gains and losses in the fair value of the underlying investments, relative to the wrapper contract value, are represented on the statements of net assets available for benefits as “adjustment from fair value to contract value for fully benefit‑responsive investment contracts”. If the adjustment amount is positive, this indicates that the wrapper contracts’ values are greater than the fair value of the underlying investments. If the adjustment amount is negative, this indicates that the wrapper contracts’ values are less than the fair value of the underlying investments. The embedded fair value gains (losses) will be amortized in the future through a higher (lower) interest crediting rate, respectively.
There are no reserves against contract value for credit risk of the contract issuers or otherwise. The crediting rates for GICs as of December 31, 2014 and 2013 ranged from 0.85% to 3.43% and from 0.43% to 4.12%, respectively. The crediting interest rate is based on a formula agreed upon with the issuers. At December 31, 2014 and 2013, the fair value of GICs amounted to $2.44 million and $2.32 million, respectively. The fair value of the wrapper contracts amounted to $388 and $364 at December 31, 2014 and 2013, respectively.

13


CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Notes to Financial Statements
December 31, 2014 and 2013


An investment contract is considered fully benefit‑responsive if all of the following criteria are met:
The investment contract is between the Fund and the issuer and the contract cannot be sold or assigned.
The contract issuer must be obligated to repay principal and interest to participants in the Fund or provide prospective crediting rate adjustments that cannot result in an interest crediting rate less than zero.
All permitted participant‑initiated transactions occur at contract value, without limitations.
An event that limits the ability of the participant to transact at contract value is not probable.
The Fund must allow participants reasonable access to their funds.
The Plan’s management has concluded that the GICs are fully benefit‑responsive investment contracts and has reported such contracts at fair value, with an appropriate adjustment to contract value.
The Fund owns units of the State Street Short‑Term Investment Fund, which serves as the Fund’s short‑term liquidity vehicle.
The statements of net assets available for benefits of the Plan are prepared on a basis that reflects income credited to participants in the Plan and realized and unrealized gains and losses on the underlying investments. The crediting interest rate is calculated on a quarterly basis, as defined in the following table:
 
2014
 
2013
Portfolio characteristics:
 
 
 
Average yield earned by entire fund
2.39
%
 
2.43
%
Return on assets for 12 months
2.50
%
 
2.73
%
Current crediting rate
2.50
%
 
2.54
%
Effective duration in years
2.83

 
2.94


14


CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Notes to Financial Statements
December 31, 2014 and 2013


The table below represents a listing of the underlying GICs held by the Plan and a reconciliation from fair value to contract value at December 31, 2014.
December 31, 2014
 
 
 
 
 
 
 
 
S&P/
 
 
 
GIC
 
Wrapper
 
Adjustment
 
 
 
 
 
 
 
 
 
 
Moody's
 
 
 
Fair
 
contract
 
to contract
 
Contract
Issuer
 
Ratings
 
Yield
 
value
 
fair value
 
value
 
value
American General Life
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract No. 725840
 
AA+/Aa1
 
3.41
%
 
$
387,184

 
$
(382
)
 
$
(20,035
)
 
$
366,767

Voya Retirement Ins & Annuity Co
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract No. 60266
 
AA/Aa2
 
2.65

 
457,849

 
879

 
(13,792
)
 
444,936

Voya Retirement Ins & Annuity Co
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract No. 60385
 
A-/A3
 
1.22

 
115,641

 

 
41

 
115,682

Natixis Financial Products
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract No. WR1937-02
 
AA+/Aaa
 
1.41

 
20,864

 
8

 
(93
)
 
20,779

New York Life Contract No. 29038
 
AA+/Aaa
 
2.33

 
278,821

 

 
(7,040
)
 
271,781

New York Life Contract No. 34360
 
AA+/Aaa
 
1.02

 
20,944

 

 
1

 
20,945

Principal Life Contract No. 6-18274
 
A+/A1
 
1.25

 
27,920

 

 
(20
)
 
27,900

Protective Life Insurance
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract No. GA 2021
 
AA-/A2
 
0.85

 
17,308

 

 

 
17,308

Prudential GA-62194
 
AA/Aa1
 
2.39

 
640,981

 
(233
)
 
(12,821
)
 
627,927

Royal Bank of Canada
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract No. Citigroup01
 
AA+/Aa1
 
3.43

 
471,587

 
116

 
(24,616
)
 
447,087

 
 
 
 
 
Total
 
 
 
 
 
$
2,439,099

 
$
388

 
$
(78,375
)
 
$
2,361,112

The table below represents a listing of the underlying GICs held by the Plan and a reconciliation from fair value to contract value at December 31, 2013.
December 31, 2013
 
 
 
 
 
 
 
 
S&P/
 
 
 
GIC
 
Wrapper
 
Adjustment
 
 
 
 
 
 
 
 
 
 
Moody's
 
 
 
Fair
 
contract
 
to contract
 
Contract
Issuer
 
Ratings
 
Yield
 
value
 
fair value
 
value
 
value
American General Life
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract No. 725840
 
AA+/Aa1
 
4.08
%
 
$
352,346

 
$
(388
)
 
$
(24,259
)
 
$
327,699

ING Life & Annuity Company
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract No. 60266
 
AA/Aa2
 
2.53

 
409,875

 
806

 
(8,545
)
 
402,136

ING Life & Annuity Company
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract No. 60385
 
A-/A3
 
0.43

 
105,365

 

 
630

 
105,995

MetLife Contract No. 32645
 
AA-/Aa3
 
0.93

 
12,893

 

 

 
12,893

Natixis Financial Products
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract No. WR1937-02
 
AA+/Aaa
 
1.39

 
83,693

 
56

 
(568
)
 
83,181

New York Life Contract No. 29038
 
AA+/Aaa
 
2.13

 
251,093

 

 
(4,791
)
 
246,302

New York Life Contract No. 34360
 
AA+/Aaa
 
1.02

 
29,174

 

 
(103
)
 
29,071

Principal Life Contract No. 6-18274
 
A+/A1
 
1.25

 
38,848

 

 
(126
)
 
38,722

Protective Life Insurance
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract No. GA 2021
 
AA-/A2
 
0.85

 
32,050

 

 
(24
)
 
32,026

Prudential GA-62194
 
AA/Aa1
 
2.35

 
571,494

 
(228
)
 
(2,981
)
 
568,285

Royal Bank of Canada
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract No. Citigroup01
 
AA+/Aa1
 
4.12

 
429,154

 
118

 
(29,906
)
 
399,366

 
 
 
 
 
Total
 
 
 
 
 
$
2,315,985

 
$
364

 
$
(70,673
)
 
$
2,245,676


15


CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Notes to Financial Statements
December 31, 2014 and 2013



(5)
Fair Value Measurements
FASB ASC Topic 820 provides a framework for measuring fair value, which provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted 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 described below:
Level 1 – Quoted prices for identical instruments in active markets.
Level 2 – Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model‑derived valuations in which all significant inputs and significant value drivers are observable in active markets.
Level 3 – Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.
This hierarchy requires the Plan’s management to use observable market data, when available, and to minimize the use of unobservable inputs when determining fair value. As required by ASC Topic 820, assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.
The methods described above may produce a fair value measurement that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while 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.

16


CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Notes to Financial Statements
December 31, 2014 and 2013


The table below categorizes the Plan’s investments by level within the fair value hierarchy as of December 31, 2014.
 
December 31, 2014
 
Level 1
 
Level 2
 
Level 3
 
Total
Investments, at fair value:
 
 
 
 
 
 
 
Cash equivalents and short-term investments
$
2,473,841

 
$
201,843

 
$

 
$
2,675,684

U.S. equities:
 
 
 
 
 
 
 
Large cap companies
1,970,173

 

 

 
1,970,173

Mid cap companies
188,617

 

 

 
188,617

Small cap companies
101,332

 

 

 
101,332

Non-U.S. equities
519,938

 

 

 
519,938

Mutual funds:
 
 
 
 
 
 
 
Non-U.S. equity funds
1,804,665

 

 

 
1,804,665

High yield bond funds
476,034

 

 

 
476,034

Non-U.S. debt funds
181,879

 

 

 
181,879

Global allocation funds
35,475

 

 

 
35,475

Collective trust funds:
 
 
 
 
 
 
 
U.S. equity funds

 
10,520,265

 

 
10,520,265

Non-U.S. equity funds

 
4,028,570

 

 
4,028,570

Balanced funds

 
3,330,656

 

 
3,330,656

U.S. debt funds

 
1,991,570

 

 
1,991,570

Real estate funds

 
246,852

 

 
246,852

Non-U.S. debt funds

 
73,637

 

 
73,637

Commodity funds

 
35,732

 

 
35,732

Guaranteed investment contracts

 
2,439,099

 

 
2,439,099

Wrapper contracts

 

 
388

 
388

Investments, at fair value
$
7,751,954

 
$
22,868,224

 
$
388

 
$
30,620,566



17


CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Notes to Financial Statements
December 31, 2014 and 2013


The table below categorizes the Plan’s investments by level within the fair value hierarchy as of December 31, 2013.
 
December 31, 2013
 
Level 1
 
Level 2
 
Level 3
 
Total
Investments, at fair value:
 
 
 
 
 
 
 
Cash equivalents and short-term investments
$
2,660,094

 
$
203,009

 

 
$
2,863,103

U.S. equities:
 
 
 
 
 
 
 
Large cap companies
2,021,960

 

 

 
2,021,960

Mid cap companies
203,970

 

 

 
203,970

Small cap companies
141,795

 

 

 
141,795

Non-U.S. equities
377,752

 

 

 
377,752

Mutual funds:
 
 
 
 
 
 
 
Non-U.S. equity funds
2,032,094

 

 

 
2,032,094

High yield bond funds
523,754

 

 

 
523,754

Non-U.S. debt funds
206,628

 

 

 
206,628

Global allocation funds
77,973

 

 

 
77,973

Collective trust funds:
 
 
 
 
 
 
 
U.S. equity funds

 
9,230,633

 

 
9,230,633

Non-U.S. equity funds

 
3,673,372

 

 
3,673,372

Balanced funds

 
3,668,472

 

 
3,668,472

U.S. debt funds

 
1,476,027

 

 
1,476,027

Real estate funds

 
172,155

 

 
172,155

Non-U.S. debt funds

 
98,884

 

 
98,884

Commodity funds

 
44,540

 

 
44,540

Guaranteed investment contracts

 
2,315,985

 

 
2,315,985

Wrapper contracts

 

 
364

 
364

Investments, at fair value
$
8,246,020

 
$
20,883,077

 
$
364

 
$
29,129,461

The table below sets forth a summary of changes in the fair value of the Plan’s level 3 investments for the years ended December 31, 2014 and 2013.
Wrapper Contracts
2014
 
2013
Balance, beginning of year
$
364

 
$
450

Unrealized losses relating to instruments still held at the reporting date
24

 
(86
)
Balance, end of year
$
388

 
$
364

There were no significant transfers of investments among levels during the years ended December 31, 2014 and 2013. There were no changes in the fair value methodology used at December 31, 2014 and 2013.


18


CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Notes to Financial Statements
December 31, 2014 and 2013


(6)
Administrative Expenses
Plan provisions allow for administrative expenses, including, but not limited to, audit fees, custodial and trustee fees, investment manager fees, and recordkeeping fees to be paid by the Plan and allocated to participant accounts. Expenses related to monthly investment service fees and loan fees are charged to participants’ investment balances and are reflected in the value of their participant accounts.
Any expenses not borne by the Plan are paid by the Company.
(7)
Risk and Uncertainties
The Plan invests in a variety of investment securities. Investment securities, in general, are exposed to various risks, such as interest rate, credit, foreign exchange and overall market volatility risk. Due to the level of risk associated with certain investment securities, it is reasonable to expect that changes in the values of investment securities will occur in the near term and that such changes could materially affect participant account balances and the net assets available for plan benefits.
The Plan’s exposure to a concentration of credit risk is limited by the diversification of investments across participant‑directed fund elections and one election that is closed to new contributions. Additionally, the investments within each investment fund option are further diversified into varied financial instruments, with the exception of the Citigroup Common Stock Fund, which primarily invests in the securities of a single issuer.
Plan investments include a variety of investments that may directly or indirectly invest in securities with contractual cash flows. The value, liquidity, and related income of these securities are sensitive to changes in economic conditions and may be adversely affected by shifts in the market’s perception of the issuers and changes in interest rates.
At December 31, 2014 and 2013, approximately 5% and 6% of the Plan’s total investments were invested in Citigroup common stock, respectively. The underlying value of the Company stock is subject to operational and market risks.
(8)
Party‑in‑Interest Transactions
Certain Plan investments are units of the Citigroup Common Stock Fund, which consists of common stock issued by the Company. The Plan’s investment in the Citigroup Common Stock Fund was $1.6 million and $1.7 million at December 31, 2014 and December 31, 2013, respectively.
The Plan held direct investments in the Company’s common stock of $16,016 and $13,872, at December 31, 2014 and December 31, 2013, respectively. In 2014 and 2013, the Company paid $1,258 and $1,481, respectively, to the participants for dividends on common stocks held directly.
The Plan held direct investments in State Street Corporation’s common stock of $9,904 and $7,679 at December 31, 2014 and 2013, respectively.
Certain Plan investments are shares of collective trust funds managed by State Street Corporation amounting to $16.0 million and $13.8 million at December 31, 2014 and December 31, 2013, respectively.
At December 31, 2014 and 2013, the Plan held $68,159 and $129,141, respectively, of the State Street Bank & Trust Co Short‑Term Investment Fund and State Street (US Dollar). At December 31, 2014 and 2013, the Plan also held $1,382 and $1,012, respectively, in State Street Bank & Trust Co through synthetic GICs.

19


CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Notes to Financial Statements
December 31, 2014 and 2013


These transactions qualify as exempt party‑in‑interest transactions. There have been no known prohibited transactions with parties‑in‑interest.
(9)
Tax Status
The Puerto Rico Department of Treasury has determined and informed the Plan by a letter dated September 2, 2003 that the Plan and related trust are established in accordance with applicable sections of the PRIRC and, therefore, qualify as exempt from taxes under Section 1165(a) of the PRIRC. The Plan was amended and restated effective January 1, 2009. Effective January 1, 2011, the Plan was amended and restated together with the appendices attached thereto to reflect the adoption of the 2011 PRIRC and includes amendments adopted after January 1, 2009. Effective January 1, 2012, the Plan was amended and restated to reflect later amendments to the 2011 PRIRC. On May 3, 2013, the Plan applied to the Puerto Rico taxing authority for a determination letter that the 2011 and 2012 amended and restated Plan documents meets the applicable requirements of the PRIRC. As of this date, this request for qualification remains pending with the Puerto Rico taxing authority. On March 27, 2014, the Plan applied to the Puerto Rico taxing authority for a determination that Amendment 1 to the Plan effective as of January 1, 2013 and January 1, 2014 meets the applicable requirements of the PRIRC. On April 10, 2015, the Plan applied to the taxing authority for a determination that certain additional amendments (Amendments 2 and 3) to the Plan effective as of January 1, 2014 and October 13, 2014 meet the applicable requirements of the PRIRC. Although the Plan has been amended since receiving the September 2, 2003 determination letter, the Plan’s management and the Plan’s legal counsel believe that the Plan, as amended, continues to be qualified as tax‑exempt and continues to operate in compliance with the applicable requirements of the PRIRC. Therefore, no provision for income taxes is included in the Plan’s financial statements.
Accounting principles generally accepted in the United States of America require the Plan’s management to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. The Plan's management has concluded that as of December 31, 2014 and 2013, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.
The Plan is subject to audits by taxing jurisdictions; however, there are currently no audits for any open tax periods in progress. The Company believes the Plan is no longer subject to tax examination for years prior to 2011.

(10)
Plan Termination
Although it has not expressed any intention to do so, the Plan Sponsor has the right under the Plan to amend or discontinue its contributions at any time and to amend or terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, either full or partial, all amounts credited to the impacted participants’ accounts will become 100% vested and, therefore, will not be subject to forfeiture.
(11)
Pending Litigation
Between October 28 and December 8, 2011, five putative class actions were filed in the Southern District of New York asserting claims under ERISA - Geroulo v. Citigroup Inc., Ehrbar v. Citigroup Inc., Muehlgay v. Citigroup Inc., Winfield v. Citigroup Inc., and Goldstein v. Citigroup Inc. against the Company, the Plan’s administration and investment committee, and certain individuals alleged to have served as Plan fiduciaries. The Plan is not named as a defendant in these actions. These complaints assert similar claims under ERISA and are brought on behalf of all participants in the Citigroup 401(k) Plan and Citibuilder 401(k) Plan for Puerto Rico from November 2008 (November 3, 2008 in several of the complaints) through

20


CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Notes to Financial Statements
December 31, 2014 and 2013


March 5, 2009. These complaints are similar to the ones brought in the fourth quarter of 2007, as discussed below, which the Second Circuit Court of Appeals upheld the dismissal of, in that they allege that it was imprudent to allow Plan assets to be invested in Company common stock due to the financial condition of the Company during this time period. In these most recent cases, however, the plaintiffs allege that the defendants knew or should have known that due to the deterioration of the Company’s financial condition during this time period, the Company was in financial distress. In December 2011, plaintiffs moved to consolidate these cases; briefing on the motions was coordinated and completed in January 2012. The consolidated complaint was filed on September 14, 2012 and alleges a class period of January 16, 2008 through March 5, 2009. Defendants’ motion to dismiss was filed on November 14, 2012. Rather than opposing the motion to dismiss, plaintiffs filed an amended complaint on January 11, 2013. Defendants filed a motion to dismiss on March 8, 2013, which was deemed withdrawn on March 5, 2014, without prejudice. The U.S. Supreme Court heard oral arguments in Fifth Third Bancorp v. John Dudenhoeffer, No. 12-751, on April 2, 2014, a case which involves allegations similar to those in this case. The U.S. Supreme Court decision in Dudenhoeffer was issued on June 25, 2014, pursuant to which plaintiffs filed a Third Consolidated Amendment Complaint reflecting this decision on July 30, 2014. In plaintiffs’ Third Consolidated Amended Complaint, plaintiffs primarily allege that defendants knew or should have known that it was imprudent to allow Plan assets to be invested in Company common stock due to the financial condition of the Applicant during a putative class period of January 16, 2008 through March 5, 2009. Defendants’ motion to dismiss that complaint was filed on September 22, 2014, and was fully briefed as of December 15, 2014. Oral argument on the motion was held on April 6, 2015. On May 13, 2015, the court dismissed the case with prejudice finding that the plaintiff’s claims were time-barred and that the compliant failed to state a claim under the Supreme Court’s decision in Dudenhoeffer.
(12)
Subsequent Events
The Plan’s management evaluated subsequent events through the date on which the financial statements were issued and determined that no additional disclosures were required.


21


CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Notes to Financial Statements
December 31, 2014 and 2013


(13)
Reconciliation of Financial Statements to Form 5500
The following is a reconciliation of amounts reported in the financial statements to amounts reported on Form 5500 as of and for the years ended December 31, 2014 and 2013:
 
 
2014
 
2013
Net assets available for benefits per the financial statements
$
34,303,499

 
$
33,273,120

Adjustment from contract value to fair value for fully benefit-responsive investment contracts
78,375

 
70,673

Net assets available for benefits per the Form 5500
$
34,381,874

 
$
33,343,793

 
 
 
 
Net increase in net assets available for benefits per the financial statements
$
1,030,379

 
$
3,932,439

Prior year adjustment from contract value to fair value for fully benefit-responsive investment contracts
(70,673
)
 
(163,405
)
Current year adjustment from contract value to fair value for fully benefit-responsive investment contracts
78,375

 
70,673

Net increase in net assets per Form 5500
$
1,038,081

 
$
3,839,707



22


CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
 
 
 
 
 
 
 
Cash equivalents and short-term investments:
 
 
 
 
 
 
Australian Dollar
 
 
120

$
99

$
98

 
Blackrock Liquidity Funds
 
 
2,323,978

2,323,978

2,323,978

 
Canadian Dollar
 
 
18

16

16

 
Danish Krone
 
 
53

9

8

 
Euro Currency
 
 
7

9

9

 
Government Stif 10
0.01%
 
174,321

174,321

174,321

 
Hong Kong Dollar
 
 
1,074

139

139

 
Indian Rupee
 
 
4,799

75

76

 
Kenyan Shilling
 
 
30



 
Mexican Peso (New)
 
 
58

4

4

 
New Taiwan Dollar
 
 
8,250

266

261

 
New Zealand Dollar
 
 
22

18

18

 
Pound Sterling
 
 
72

113

112

*
State Street (US Dollar)
 
 
40,636

40,636

40,636

*
State Street Bank & Trust Co Short Term Investment Fund
0.57%
 
27,523

27,523

27,523

 
UAE Dirham
 
 
3,084

840

840

 
US Dollar Overdrawn
 
 
(2,204
)
(2,204
)
(2,204
)
 
BPPR Time Deposit Open Account
 
 

109,849

109,849

 
Total cash equivalents and short-term investments
 
 
 
2,675,691

2,675,684

 
U.S. equities:
 
 
 
 
 
 
Large cap companies:
 
 
 
 
 
 
Altria Group Inc
 
 
199

5,311

9,786

 
American Express Co
 
 
84

4,433

7,831


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

23

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
American International Group
 
 
167

6,646

9,336

 
Ameriprise Financial Inc
 
 
71

3,707

9,420

 
Anthem Inc
 
 
57

4,124

7,166

 
Bank Of America Corp
 
 
728

13,822

13,019

 
CA Inc
 
 
254

6,520

7,728

 
Capital One Financial Corp
 
 
159

5,262

13,139

 
Cardinal Health Inc
 
 
116

3,862

9,359

 
Cigna Corp
 
 
60

2,354

6,148

*
Citigroup Inc
 
 
296

12,653

16,016

*
Citigroup Common Stock Fund
 
 
29,705

2,607,009

1,607,324

 
Conocophillips
 
 
98

5,393

6,736

 
Directv
 
 
66

4,971

5,704

 
Discover Financial Services
 
 
124

2,483

8,098

 
Emerson Electric Co
 
 
112

5,980

6,898

 
Fifth Third Bancorp
 
 
351

4,253

7,155

 
General Dynamics Corp
 
 
48

3,685

6,611

 
Hanesbrands Inc
 
 
87

2,188

9,676

 
Honeywell International Inc
 
 
57

3,022

5,739

 
Intel Corp
 
 
254

7,961

9,225

 
Johnson & Johnson
 
 
85

5,421

8,846

 
Johnson Controls Inc
 
 
201

9,814

9,733

 
Jpmorgan Chase & Co
 
 
187

7,684

11,699

 
Medtronic Inc
 
 
154

5,848

11,114

 
Merck & Co. Inc.
 
 
147

7,469

8,363


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

24

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Microsoft Corp
 
 
206

4,282

9,557

 
Occidental Petroleum Corp
 
 
74

4,533

5,994

 
Oracle Corp
 
 
208

8,188

9,365

 
Pfizer Inc
 
 
297

6,554

9,263

 
Philip Morris International
 
 
81

4,670

6,618

 
PNC Financial Services Group
 
 
93

4,677

8,480

 
Public Service Enterprise Gp
 
 
128

4,603

5,311

 
Raytheon Company
 
 
55

2,875

5,987

 
Stanley Black & Decker Inc
 
 
102

6,279

9,814

*
State Street Corp
 
 
126

6,294

9,904

 
Target Corp
 
 
137

7,886

10,401

 
Texas Instruments Inc
 
 
178

5,133

9,504

 
Unitedhealth Group Inc
 
 
69

3,123

6,947

 
Verizon Communications Inc
 
 
182

7,662

8,512

 
Wal Mart Stores Inc
 
 
117

8,575

10,063

 
Wells Fargo & Co
 
 
230

7,395

12,584

 
Total large cap companies
 
 
 
2,844,604

1,970,173

 
Mid cap companies:
 
 
 
 
 
 
ACI Worldwide Inc
 
 
172

3,504

3,475

 
Alaska Air Group Inc
 
 
6

144

363

 
American Eagle Outfitters
 
 
35

450

490

 
Amsurg Corp
 
 
12

597

670

 
Anixter International Inc
 
 
4

383

350

 
Arris Group Inc
 
 
21

516

631


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

25

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Asbury Automotive Group
 
 
4

200

273

 
Ascena Retail Group Inc
 
 
53

868

671

 
Aspen Technology Inc
 
 
26

943

897

 
Avery Dennison Corp
 
 
10

498

507

 
Belden Inc
 
 
10

794

828

 
Berry Plastics Group Inc
 
 
1

20

20

 
Bloomin Brands Inc
 
 
7

166

183

 
Booz Allen Hamilton Holdings
 
 
12

261

313

 
Bristow Group Inc
 
 
4

326

287

 
Cabot Corp
 
 
7

386

287

 
Centene Corp
 
 
6

353

593

 
Cit Group Inc
 
 
185

8,954

8,872

 
Colony Financial Inc REIT
 
 
6

124

140

 
Columbia Sportswear Co
 
 
1

50

60

 
Curtiss Wright Corp
 
 
27

1,679

1,893

 
Deluxe Corp
 
 
3

189

195

 
Dexcom Inc
 
 
4

195

206

 
Donaldson Co Inc
 
 
18

768

683

 
E Trade Financial Corp
 
 
169

1,935

4,104

 
Eaton Vance Corp
 
 
58

2,355

2,365

 
Enersys
 
 
40

2,718

2,483

 
Fair Isaac Corp
 
 
3

197

200

 
First American Financial
 
 
24

631

826

 
First Citizens Bcshs
 
 
2

379

408


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

26

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
First Niagara Financial Grp
 
 
576

5,667

4,858

 
FMC Corp
 
 
80

4,516

4,574

 
Graphic Packaging Holding Co
 
 
124

1,206

1,684

 
Group 1 Automotive Inc
 
 
6

413

572

 
Hanover Insurance Group Inc
 
 
8

364

577

 
Health Net Inc
 
 
12

372

617

 
Helix Energy Solutions Group
 
 
33

737

726

 
Hillenbrand Inc
 
 
11

357

393

 
Huntington Ingalls Industrie
 
 
8

637

943

 
Isis Pharmaceuticals Inc
 
 
5

285

298

 
Jetblue Airways Corp
 
 
9

109

139

 
Joy Global Inc
 
 
137

7,395

6,374

 
KAR Auction Services Inc
 
 
20

616

701

 
KBR Inc
 
 
287

9,011

4,861

 
Landstar System Inc
 
 
2

138

164

 
Lifepoint Hospitals Inc
 
 
5

274

378

 
Live Nation Entertainment In
 
 
18

381

475

 
Marriott Vacations World
 
 
10

522

732

 
Maximus Inc
 
 
18

855

981

 
Mens Wearhouse Inc/The
 
 
11

536

501

 
Mercadolibre Inc
 
 
21

2,484

2,698

 
MFA Financial Inc REIT
 
 
73

580

583

 
Microchip Technology Inc
 
 
205

5,831

9,243

 
Minerals Technologies Inc
 
 
9

688

643


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

27

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Molina Healthcare Inc
 
 
10

392

526

 
MSCI Inc
 
 
31

1,414

1,489

 
Nasdaq Omx Group/The
 
 
26

1,037

1,253

 
Nationstar Mortgage Holdings
 
 
13

434

380

 
Navient Corp
 
 
512

7,526

11,068

 
New York Community Bancorp
 
 
428

6,112

6,854

 
NU Skin Enterprises Inc
 
 
7

471

309

 
NU Skin Enterprises Inc A
 
 
87

5,117

3,788

 
Nuvasive Inc
 
 
1

51

63

 
NVR Inc
 
 
8

7,905

9,670

 
Omnicare Inc
 
 
162

5,132

11,790

 
Owens & Minor Inc
 
 
13

446

448

 
Owens Corning
 
 
253

9,794

9,073

 
Papa John S Intl Inc
 
 
2

111

139

 
Parexel International Corp
 
 
22

1,092

1,196

 
Penske Automotive Group Inc
 
 
15

614

723

 
People S United Financial
 
 
460

5,530

6,988

 
Pilgrim S Pride Corp
 
 
18

272

603

 
PNM Resources Inc
 
 
17

460

495

 
Proassurance Corp
 
 
10

473

451

 
PTC Inc
 
 
1

32

39

 
Radian Group Inc
 
 
17

247

292

 
Receptos Inc
 
 
3

341

405

 
Rockwood Holdings Inc
 
 
10

465

823


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

28

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Rovi Corp
 
 
98

2,242

2,215

 
Sabre Corp
 
 
71

1,364

1,436

 
Science Applications Inte
 
 
16

792

769

 
Sensient Technologies Corp
 
 
2

130

141

 
Skechers Usa Inc
 
 
10

440

543

 
SLM Corp
 
 
935

8,321

9,531

 
Spirit Aerosystems Hold
 
 
190

7,158

8,172

 
SPX Corp
 
 
96

6,858

8,273

 
Ss+C Technologies Holdings
 
 
9

430

543

 
Stancorp Financial Group
 
 
4

229

254

 
Steelcase Inc
 
 
7

112

122

 
Strategic Hotels & Resorts I REIT
 
 
19

252

256

 
SVB Financial Group
 
 
2

234

237

 
Symetra Financial Corp
 
 
24

490

560

 
Synnex Corp
 
 
14

780

1,124

 
Take Two Interactive Softwre
 
 
48

934

1,335

 
Tempur Sealy International I
 
 
9

443

492

 
Teradyne Inc
 
 
14

274

286

 
Terex Corp
 
 
15

630

416

 
Thor Industries Inc
 
 
15

943

848

 
Triquint Semiconductor Inc
 
 
9

127

260

 
Tupperware Brands Corp
 
 
11

918

708

 
Two Harbors Investment Corp REIT
 
 
67

683

670

 
Washington Federal Inc
 
 
20

429

433


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

29

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Wesco International Inc
 
 
6

502

441

 
West Corp
 
 
4

97

130

 
Western Refining Inc
 
 
19

788

714

 
Woodward Inc
 
 
10

488

506

 
World Fuel Services Corp
 
 
29

1,283

1,349

 
Total mid cap companies
 
 
 
168,396

188,617

 
Small cap companies:
 
 
 
 
 
 
1 800 Flowers.Com Inc
 
 
11

85

89

 
Abercrombie & Fitch Co
 
 
20

710

567

 
ABM Industries Inc
 
 
13

360

376

 
Abraxas Petroleum Corp
 
 
36

193

106

 
Achillion Pharmaceuticals
 
 
16

204

197

 
Acorda Therapeutics Inc
 
 
7

258

296

 
Actuant Corp
 
 
47

1,449

1,285

 
Adamas Pharmaceuticals Inc
 
 
4

71

73

 
Advanced Energy Industries
 
 
9

175

218

 
Aegion Corp
 
 
18

437

335

 
Aemetis Inc
 
 
3

24

20

 
American Capital Mortgage In REIT
 
 
8

146

141

 
American Residential Propert REIT
 
 
18

333

323

 
American States Water Co
 
 
18

601

683

 
American Woodmark Corp
 
 
13

485

509

 
Amicus Therapeutics Inc
 
 
7

56

54

 
Andersons Inc/The
 
 
1

91

76


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

30

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Anworth Mortgage Asset Corp REIT
 
 
33

178

172

 
Apollo Investment Corp
 
 
10

78

71

 
Arcbest Corp
 
 
10

413

476

 
Arena Pharmaceuticals Inc
 
 
83

346

288

 
Ares Commercial Real Estate REIT
 
 
28

365

317

 
Argan Inc
 
 
20

617

682

 
Argos Therapeutics Inc
 
 
5

41

45

 
Aruba Networks Inc
 
 
12

254

217

 
Avid Technology Inc
 
 
5

76

77

 
Bassett Furniture Inds
 
 
10

176

199

 
Benchmark Electronics Inc
 
 
27

641

697

 
Biodelivery Sciences Intl
 
 
9

130

108

 
Biospecifics Technologies
 
 
4

125

155

 
Blackhawk Network Hd B
 
 
1

26

27

 
Blount International Inc
 
 
44

630

773

 
Blucora Inc
 
 
26

553

360

 
Boise Cascade Co
 
 
17

513

627

 
Brady Corporation
 
 
13

335

353

 
Brink S Co/The
 
 
17

447

426

 
Broadwind Energy Inc
 
 
20

151

110

 
CAC Maine Foods Inc
 
 
17

594

645

 
California Resources Corp
 
 
30

178

163

 
Cambrex Corp
 
 
9

200

202

 
Cardiovascular Systems Inc
 
 
6

176

190


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

31

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Cascade Microtech Inc
 
 
23

298

333

 
Cato Corp
 
 
10

323

414

 
Cavco Industries Inc
 
 
8

596

629

 
Celldex Therapeutics Inc
 
 
14

247

251

 
Central Garden And Pet Co A
 
 
8

62

75

 
Chatham Lodging Trust REIT
 
 
15

331

432

 
Chemed Corp
 
 
9

767

978

 
Cirrus Logic Inc
 
 
5

98

112

 
Clearwater Paper Corp
 
 
3

188

202

 
Cloud Peak Energy Inc
 
 
22

396

198

 
Clovis Oncology Inc
 
 
6

293

335

 
Coherent Inc
 
 
4

246

233

 
Columbia Banking System Inc
 
 
15

299

419

 
Constant Contact Inc
 
 
8

216

285

 
Contango Oil & Gas
 
 
3

136

83

 
Core Mark Holding Co Inc
 
 
1

50

50

 
CRA International Inc
 
 
4

97

125

 
Ctpartners Executive Search
 
 
2

36

37

 
Cubic Corp
 
 
7

338

360

 
Cyberonics Inc
 
 
2

81

85

 
Cyrusone Inc REIT
 
 
26

587

718

 
CYS Investments Inc REIT
 
 
56

489

485

 
Cytokinetics Inc
 
 
21

93

170

 
Demand Media Inc
 
 
8

73

49


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

32

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Dice Holdings Inc
 
 
61

564

615

 
Drew Industries Inc
 
 
12

581

616

 
Dynavax Technologies Corp
 
 
8

117

129

 
Eagle Pharmaceuticals Inc
 
 
5

58

72

 
Ebix Inc
 
 
15

252

252

 
Echo Global Logistics Inc
 
 
2

64

70

 
El Pollo Loco Holdings Inc
 
 
32

934

631

 
Electro Rent Corp
 
 
4

60

50

 
Endocyte Inc
 
 
54

416

341

 
Enteromedics Inc
 
 
20



 
Epizyme Inc
 
 
8

237

157

 
Exactech Inc
 
 
7

152

167

 
Exlservice Holdings Inc
 
 
14

362

390

 
Exponent Inc
 
 
6

451

510

 
Federal Signal Corp
 
 
10

144

161

 
Fairchild Semiconductor Inte
 
 
588

7,580

9,929

 
Fifth Street Finance Corp
 
 
30

280

238

 
Finish Line/The
 
 
39

985

947

 
FMSA Holdings Inc
 
 
292

4,515

2,018

 
Forestar Group Inc
 
 
13

214

199

 
Forum Energy Technologies Inc
 
 
11

321

224

 
Forward Air Corp
 
 
21

936

1,049

 
FTD Cos Inc
 
 
11

336

368

 
FTI Consulting Inc
 
 
9

300

347


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

33

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
G & K Services Inc
 
 
4

249

303

 
Global Cash Access Holdings
 
 
63

544

447

 
Globe Specialty Metals Inc
 
 
20

400

345

 
Gran Tierra Energy Inc
 
 
124

708

477

 
Granite Construction Inc
 
 
11

420

411

 
Green Plains Renewable Energ
 
 
22

749

544

 
Habit Restaurants Inc/The A
 
 
11

440

359

 
Handy & Harman Ltd
 
 
1

34

66

 
Hanger Inc
 
 
12

409

261

 
Hatteras Financial Corp REIT
 
 
23

457

430

 
Heidrick & Struggles Intl
 
 
10

209

238

 
Higher One Holdings Inc
 
 
19

118

78

 
ICF International Inc
 
 

10

12

 
Iconix Brand Group Inc
 
 
13

420

425

 
ICU Medical Inc
 
 
8

592

651

 
IDT Corp
 
 
11

180

233

 
Immune Design Corp
 
 
4

102

128

 
Immunogen Inc
 
 
34

221

208

 
Infinity Pharmaceuticals Inc
 
 
24

333

413

 
Infinity Property & Casualty
 
 
3

197

231

 
Infoblox Inc
 
 
5

87

94

 
Innospec Inc
 
 
3

117

114

 
Insight Enterprises Inc
 
 
37

986

951

 
Insperity Inc Wd
 
 
47

1,600

1,606


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

34

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Integra Lifesciences Holding
 
 
8

351

411

 
Inteliquent Inc
 
 
39

258

769

 
Intersect Ent Inc
 
 
3

64

64

 
Intl Speedway Corp
 
 
10

335

329

 
Investors Real Estate Trust REIT
 
 
41

353

336

 
John B. Sanfilippo & Son Inc
 
 
7

307

309

 
Johnson Outdoors Inc
 
 
2

47

56

 
Kadant Inc
 
 
7

271

300

 
Kindred Healthcare Inc
 
 
22

541

396

 
KMG Chemicals Inc
 
 
23

348

468

 
Knoll Inc
 
 
12

233

261

 
Korn/Ferry International
 
 
11

318

309

 
Kulicke & Soffa Industries
 
 
46

492

671

 
Lands End Inc
 
 
2

89

96

 
Lannett Co Inc
 
 
8

331

330

 
Liberty Tripadvisor Hdg
 
 
1

38

34

 
Lindsay Corp
 
 
11

878

933

 
Logmein Inc
 
 
10

409

471

 
LSB Industries Inc
 
 
7

261

214

 
Lydall Inc
 
 
13

361

429

 
Marcus Corporation
 
 
9

119

162

 
Marinemax Inc
 
 
28

495

569

 
Matthews Intl Corp
 
 
3

119

137

 
Medassets Inc
 
 
21

385

422


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

35

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Meridian Bancorp Inc
 
 
13

148

147

 
Meritor Inc
 
 
13

186

200

 
Methode Electronics Inc
 
 
6

240

228

 
Microstrategy Inc
 
 
1

86

87

 
Momenta Pharmaceuticals Inc
 
 
28

322

334

 
Monotype Imaging Holdings In
 
 
10

281

291

 
MRC Global Inc
 
 
18

483

279

 
Mueller Industries Inc
 
 
5

142

162

 
Mueller Water Products Inc
 
 
32

326

333

 
Multi Color Corp
 
 
1

78

79

 
Natus Medical Inc
 
 
18

485

647

 
Navigant Consulting Inc
 
 
126

2,182

1,935

 
Navigators Group Inc
 
 
35

2,236

2,602

 
Neff Corp
 
 
2

20

19

 
Nektar Therapeutics
 
 
26

351

408

 
Nelnet Inc
 
 
18

567

834

 
Net 1 Ueps Technologies Inc
 
 
10

111

111

 
Netgear Inc
 
 
8

250

276

 
Netscout Systems Inc
 
 
14

548

496

 
New Senior Investment Group REIT
 
 
21

358

351

 
Ocular Therapeutix Inc
 
 
3

76

78

 
Omnicell Inc
 
 
24

614

785

 
Omnivision Technologies Inc
 
 
16

308

404

 
OSI Systems Inc
 
 
3

223

227


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

36

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Outerwall Inc
 
 
6

382

423

 
Overstock.Com Inc
 
 
12

275

286

 
Pacific Biosciences Of Calif
 
 
26

178

204

 
Pacific Ethanol Inc
 
 
17

276

179

 
Papa Murphy S Holdings Inc
 
 
4

41

51

 
Park Ohio Holdings Corp
 
 
1

57

79

 
Parsley Energy Inc
 
 
25

489

398

 
PDL Biopharma Inc
 
 
83

702

641

 
Pegasystems Inc
 
 
11

186

230

 
Pericom Semiconductor Corp
 
 
18

225

245

 
PHH Corp
 
 
26

647

626

 
Piper Jaffray Cos
 
 
3

133

156

 
Polycom Inc
 
 
12

141

165

 
Premiere Global Services Inc
 
 
3

34

29

 
Progress Software Corp
 
 
25

649

688

 
PTC Therapeutics Inc
 
 
1

44

55

 
QTS Realty Trust Inc REIT
 
 
21

584

718

 
RCS Capital Corp
 
 
23

373

286

 
Regulus Therapeutics Inc
 
 
5

74

73

 
Rent A Center Inc
 
 
13

331

455

 
Rex American Resources Corp
 
 
11

447

691

 
Rigel Pharmaceuticals Inc
 
 
21

83

47

 
Rosetta Resources Inc
 
 
8

367

172

 
RPS Corp
 
 
16

242

217


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

37

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
RPX Corp
 
 
27

444

367

 
Ruth S Hospitality Group Inc
 
 
15

197

232

 
Safety Insurance Group Inc
 
 
18

990

1,173

 
Sage Therapeutics Inc
 
 
5

191

186

 
Sanderson Farms Inc
 
 
9

807

773

 
Sangamo Biosciences Inc
 
 
9

115

141

 
Sanmina Corp
 
 
22

302

527

 
Saul Centers Inc REIT
 
 
7

330

384

 
Schweitzer Mauduit Intl Inc
 
 
6

247

244

 
Sciclone Pharmaceuticals Inc
 
 
49

377

432

 
Seaworld Entertainment Inc
 
 
430

9,930

7,706

 
Select Comfort Corporation
 
 
29

743

787

 
Select Medical Holdings Corp
 
 
39

561

564

 
Shenandoah Telecommunication
 
 
2

62

64

 
Silver Bay Realty Trust Corp REIT
 
 
11

161

179

 
SL Inds Inc
 
 
5

215

188

 
Sorrento Therapeutics Inc
 
 
6

33

60

 
Spark Energy Inc
 
 
8

121

120

 
Spok Holdings Inc
 
 
6

89

104

 
Stamps.Com Inc
 
 
8

323

394

 
Standex International Corp
 
 
5

337

352

 
Stock Building Supply Holding
 
 
18

352

278

 
Strayer Education Inc
 
 
3

139

212

 
Supreme Inds Inc
 
 
8

70

60


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

38

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Sykes Enterprises Inc
 
 
37

724

871

 
Symmetry Surgical Inc
 
 
5

31

38

 
Techtarget
 
 
13

119

143

 
Teletech Holdings Inc
 
 
5

133

128

 
Tessera Technologies Inc
 
 
6

201

211

 
Tetra Tech Inc
 
 
14

343

367

 
Thoratec Corp
 
 
10

251

312

 
Tower International Inc
 
 
22

474

575

 
Townsquare Media Inc
 
 
3

38

41

 
Triple S Management Corp B
 
 
15

240

349

 
U S Energy Corp
 
 
11

53

17

 
Ultragenyx Pharmaceutical In
 
 
6

247

251

 
United Online Inc When Issue
 
 
33

378

473

 
Universal Corp/Va
 
 
7

396

327

 
Universal Electronics Inc
 
 
2

149

157

 
Universal Insurance Holdings
 
 
16

194

322

 
Universal Technical Institut
 
 
84

1,150

823

 
Usana Health Sciences Inc
 
 
1

109

110

 
Vasco Data Security Intl
 
 
23

302

647

 
Vectrus Inc
 
 
10

262

274

 
Village Super Market
 
 
3

62

69

 
Vince Holding Corp
 
 
2

49

42

 
Virtus Investment Partners
 
 
13

2,328

2,277

 
Vonage Holdings Corp
 
 
4

17

15


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

39

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Walker & Dunlop Inc
 
 
38

613

661

 
Web.Com Group Inc
 
 
13

362

242

 
Weis Markets Inc
 
 
3

110

128

 
Willis Lease Finance Corp
 
 
15

340

328

 
Zagg Inc
 
 
61

328

413

 
Total small cap companies
 
 
 
100,825

101,332

 
Total U.S. equities
 
 
 
3,113,825

2,260,122

 
Non-U.S. equities:
 
 
 
 
 
 
3I Group Plc
 
 
216

1,345

1,516

 
500.Com Ltd
 
 
33

1,040

571

 
58.Com Inc
 
 
33

1,268

1,386

 
Aalberts Industries Nv
 
 
35

906

1,036

 
Abcam Plc
 
 
204

1,343

1,477

 
Acerinox
 
 
108

1,640

1,629

 
Adani Ports And Special Econ
 
 
195

935

986

 
Advanced Info Service
 
 
172

1,228

1,312

 
Advantech Co Ltd
 
 
63

357

468

 
Afreecatv Co Ltd
 
 
51

1,594

1,246

 
Aimia Inc
 
 
49

733

617

 
AIN Pharmaciez Inc
 
 
32

723

908

 
Air Arabia Pjsc
 
 
4,601

1,743

1,879

 
Air China Ltd H
 
 
1,444

1,204

1,164

 
AIR Water Inc
 
 
82

1,232

1,318

 
Airports Of Thailand Pcl
 
 
218

1,694

1,868


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

40

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Aixtron Se
 
 
87

1,306

989

 
Ajisen China Holdings Ltd
 
 
2,067

1,636

1,576

 
Albioma
 
 
27

678

548

 
Alfa S.A.B. A
 
 
786

2,347

1,758

 
Alibaba Group Holding
 
 
30

2,635

3,077

 
Alpha & Omega Semiconductor
 
 
11

102

94

 
Amadeus It Holding
 
 
32

1,186

1,286

 
Ambev
 
 
793

5,518

4,932

 
Ambu A/S B
 
 
77

1,369

1,872

 
Apollo Hospitals Enterprise
 
 
39

565

690

 
Applus Services
 
 
16

184

173

 
Argo Group International
 
 
7

325

378

 
Ashikaga Holdings Co Ltd
 
 
135

532

546

 
Ashmore Group Plc
 
 
421

2,652

1,843

 
Aspen Pharmacare Holdings Lt
 
 
59

1,598

2,082

 
Astra International Tbk Pt
 
 
2,217

1,489

1,330

 
Autohome Inc
 
 
24

978

877

 
Avanza Bank Holding Ab
 
 
38

1,263

1,239

 
Aveva Group Plc
 
 
38

936

770

 
AVG Technologies
 
 
26

393

508

 
Axis Bank Ltd
 
 
152

1,192

1,210

 
Axis Capital Holdings Ltd
 
 
38

1,868

1,955

 
Baidu Inc
 
 
16

2,686

3,570

 
Baidu Inc
 
 
5

1,018

1,054


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

41

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Banca Generali Spa
 
 
50

1,324

1,387

 
Banco Santander Chile
 
 
44

1,160

868

 
Bank Muscat Saog
 
 
54

432

352

 
Bank Of The Ryukyus Ltd
 
 
73

1,164

1,034

 
Bank Rakyat Indonesia Perser
 
 
4,289

2,827

4,035

 
Baron De Ley
 
 
6

609

585

 
BB Seguridade Participacoes
 
 
283

2,544

3,421

 
BEC World Pcl
 
 
443

640

688

 
Beijing Enterprises
 
 
1,734

836

1,178

 
Bidvest Group Ltd
 
 
49

1,231

1,284

 
Binggrae Co Ltd
 
 
21

1,722

1,412

 
Biomerieux
 
 
7

689

694

 
BP Plc Spons
 
 
155

7,016

5,908

 
BR Malls Participacoes
 
 
296

2,548

1,827

 
Brenntag Ag
 
 
27

1,311

1,524

 
BRF
 
 
65

1,644

1,554

 
Brilliance China Automotive
 
 
1,336

2,363

2,137

 
BT Investment Management Ltd
 
 
297

1,592

1,634

 
Bursa Malaysia Bhd
 
 
353

874

818

 
Byggmax Group Ab
 
 
92

593

618

 
Carbures Europe
 
 
71

488

457

 
Carnival Corp
 
 
229

8,740

10,377

 
CCCR
 
 
339

2,839

1,964

 
Cemex Sab Cpo Unit Npv
 
 
2,337

3,111

2,388


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

42

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Central Pattana Pub Co
 
 
1,009

1,433

1,396

 
Cetip Sa Mercados Organizado
 
 
44

620

531

 
China Cnr Corp Ltd H
 
 
4,510

3,671

6,456

 
China Everbright Intl Ltd
 
 
418

621

629

 
China Gas Holdings Ltd
 
 
1,282

2,574

2,034

 
China Huiyuan Juice Group
 
 
517

222

194

 
China Merchants Bank H
 
 
1,871

3,963

4,696

 
China Vanke Co Ltd H
 
 
1,559

3,247

3,470

 
Cimc Enric Holdings Ltd
 
 
540

751

429

 
Citic Securities Co Ltd H
 
 
169

662

635

 
CJ Cheiljedang Corp
 
 
3

1,157

888

 
Cnooc Ltd
 
 
2,791

4,664

3,757

 
Cochlear Ltd
 
 
18

1,064

1,138

 
Computer Modelling Group Ltd
 
 
46

481

477

 
Convenience Retail Asia Ltd
 
 
1,790

1,226

1,156

 
Copa Holdings
 
 
12

1,196

1,228

 
Coway Co Ltd
 
 
12

812

887

 
CPMC Holdings Ltd
 
 
758

604

417

 
CPN Retail Growth Leasehold Unit L
 
 
2,220

1,093

1,086

 
Credicorp Ltd
 
 
22

3,278

3,577

 
Credit Saison Co Ltd
 
 
37

719

693

 
Credito Real Sab De Cv
 
 
272

772

583

 
CRH Plc Sponsored
 
 
366

7,862

8,786

 
CTS Eventim Ag & Co Kgaa
 
 
38

1,058

1,119


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

43

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
D Ieteren
 
 
26

1,026

929

 
Daiichikosho Co Ltd
 
 
45

1,200

1,225

 
Damac Real Estate Gdr
 
 
35

428

557

 
DCC Plc
 
 
23

1,243

1,249

 
Delphi Automotive Plc
 
 
140

6,051

10,207

 
Descartes Systems Grp/The
 
 
43

609

644

 
Diana Shipping Inc
 
 
17

204

117

 
Direct Line Insurance Group
 
 
209

1,014

948

 
Discovery Ltd
 
 
67

479

647

 
Dixons Carphone Plc
 
 
348

2,068

2,508

 
DKSH Holding Ltd
 
 
17

1,229

1,277

 
Dominion Diamond Corp
 
 
63

871

1,142

 
Domino Printing Sciences Plc
 
 
115

1,130

1,179

 
DP World Ltd
 
 
64

1,216

1,354

 
Dragon Oil Plc
 
 
118

1,132

990

 
Dubai Islamic Bank
 
 
469

1,025

881

 
Dufry Ag Reg
 
 
7

1,077

1,069

 
E.Sun Financial Holding Co
 
 
1,023

571

636

 
Eaton Corp Plc
 
 
102

5,307

6,913

 
Ebiquity Plc
 
 
325

623

590

 
Edenred
 
 
38

949

1,063

 
Elekta Ab B Shs
 
 
76

747

770

 
Emaar Malls Group Pjsc
 
 
1,477

1,263

1,078

 
Emaar Properties Pjsc
 
 
833

2,193

1,646


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

44

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
ENN Energy Holdings Ltd
 
 
317

2,065

1,800

 
Essent Group Ltd
 
 
8

157

202

 
Eurofins Scientific
 
 
8

1,942

1,935

 
Everest Re Group Ltd
 
 
12

1,877

2,055

 
Exova Group Plc
 
 
454

1,247

1,132

 
Fagron
 
 
29

1,423

1,229

 
Fibra Uno Administracion REIT
 
 
536

1,655

1,581

 
First Gulf Bank
 
 
266

845

1,231

 
Firstrand Ltd
 
 
960

3,601

4,196

 
Fisher & Paykel Healthcare C
 
 
381

1,530

1,861

 
Flybe Group Plc
 
 
684

1,350

1,184

 
FP Corp
 
 
32

883

1,033

 
Fresh Del Monte Produce
 
 
7

175

219

 
Fubon Financial Holding Co
 
 
2,947

3,875

4,729

 
Fufeng Group Ltd
 
 
2,560

1,219

1,109

 
Fujitec Co Ltd
 
 
86

874

921

 
Fujitsu General Ltd
 
 
141

1,797

1,367

 
Genpact Ltd
 
 
56

946

1,066

 
Global Indemnity PLC
 
 
9

233

245

 
Globe Telecom Inc
 
 
16

603

630

 
Grifols
 
 
32

1,310

1,288

 
Grifols B Preference
 
 
7

257

246

 
Grupo Financiero Inbursa
 
 
219

662

570

 
Grupo Lala Sab De Cv
 
 
265

652

513


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

45

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
GS Retail Co Ltd
 
 
40

957

932

 
Haier Electronics Group Co
 
 
230

269

551

 
Haitian International Hldgs
 
 
271

268

574

 
Harvey Norman Holdings Ltd
 
 
272

848

748

 
Hays Plc
 
 
601

1,154

1,364

 
HCL Technologies Ltd
 
 
97

1,553

2,472

 
HDFC Bank Limited
 
 
362

4,034

5,449

 
Hero Motocorp Ltd
 
 
27

1,177

1,333

 
Hero Supermarket Tbk Pt
 
 
1,290

266

248

 
Hikari Tsushin Inc
 
 
25

1,734

1,519

 
Hongkong & Shanghai Hotels
 
 
556

814

825

 
Housing Development Finance
 
 
210

3,241

3,773

 
Huaneng Renewables Corp H
 
 
1,782

828

577

 
Huntsworth Plc
 
 
619

495

473

 
Icon Plc
 
 
6

255

293

 
IMCD Group Nv
 
 
32

934

1,106

 
Indusind Bank Ltd
 
 
138

1,021

1,749

 
Indutrade Ab
 
 
14

512

545

 
Infraestructura Energetica N
 
 
156

798

777

 
Intelsat
 
 
14

268

245

 
Intercorp Financial Ser Inc
 
 
20

705

608

 
Intermediate Capital Group
 
 
156

997

1,117

 
Intl Container Term Svcs Inc
 
 
225

520

580

 
Investec Plc
 
 
218

1,839

1,838


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

46

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
IP Group Plc
 
 
239

806

763

 
IQU Plc
 
 
4,162

1,099

1,152

 
Islamic Arab Insurance Com
 
 
1,618

337

236

 
Itau Unibanco Holding S Pref Preference
 
 
259

3,428

3,371

 
ITC Ltd
 
 
215

1,113

1,254

 
Ituran Location And Control
 
 
68

1,474

1,487

 
Jasa Marga (Persero) Tbk Pt
 
 
1,066

561

607

 
Jazztel Plc
 
 
121

1,973

1,844

 
Jin Co Ltd
 
 
10

224

243

 
Jumbo
 
 
51

740

525

 
Jupiter Fund Management
 
 
307

1,792

1,748

 
Kakaku.Com Inc
 
 
43

629

630

 
Kalbe Farma Tbk Pt
 
 
6,044

664

893

 
Kasikornbank Pcl
 
 
323

2,210

2,251

 
Kendrion Nv
 
 
33

932

867

 
KOC Holding As
 
 
468

2,384

2,481

 
Koito Manufacturing Co Ltd
 
 
43

1,176

1,330

 
Korean Reinsurance Co
 
 
77

809

757

 
Kroton Educacional
 
 
174

686

1,013

 
Laboratorios Farmaceuticos R
 
 
74

791

924

 
Ladbrokes Plc
 
 
274

574

472

 
Largan Precision Co Ltd
 
 
10

429

767

 
Larsen & Toubro Ltd
 
 
42

1,220

996

 
Lenovo Group Ltd
 
 
2,530

3,334

3,347


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

47

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
LG Household & Health Care
 
 
2

1,235

1,200

 
Life Healthcare Group Holdin
 
 
311

958

1,148

 
Lindab International Ab
 
 
52

442

438

 
LS Industrial Systems
 
 
12

694

673

 
Lupin Ltd
 
 
122

1,576

2,751

 
Luxoft Holding Inc
 
 
21

796

821

 
Luye Pharma Group Ltd
 
 
488

551

628

 
Mabuchi Motor Co Ltd
 
 
17

760

694

 
Magnit Ojsc Spon
 
 
57

3,600

2,574

 
Mahindra & Mahindra Ltd
 
 
30

526

595

 
Maiden Holdings Ltd
 
 
41

513

528

 
Mail.Ru Group
 
 
65

2,048

1,061

 
Mail.Ru Group Ltd
 
 
4

144

118

 
Major Cineplex Group
 
 
1,846

1,341

1,557

 
Maruti Suzuki India Ltd
 
 
33

1,159

1,757

 
Mayora Indah Pt
 
 
541

1,356

913

 
Mediatek Inc
 
 
84

1,174

1,233

 
Mersen (Ex Carbon Lorraine)
 
 
52

1,292

1,257

 
Message Co Ltd
 
 
36

1,262

1,004

 
Minth Group Ltd
 
 
668

1,309

1,386

 
Miraca Holdings Inc
 
 
20

834

865

 
Moncler Spa
 
 
58

817

782

 
Montpelier Re Holdings Ltd
 
 
40

1,176

1,445

 
Mr Price Group Ltd
 
 
40

587

808


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

48

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
MTN Group Ltd
 
 
121

2,366

2,321

 
Multiplus
 
 
54

631

647

 
Musashi Seimitsu Industry Co
 
 
68

1,349

1,311

 
Nabtesco Corp
 
 
32

774

793

 
Nakanishi Inc
 
 
30

1,092

1,268

 
Naspers Ltd N Shs
 
 
46

3,351

5,961

 
Naver Corp
 
 
2

623

1,026

 
Netease Inc
 
 
20

1,793

1,938

 
NHK Spring Co Ltd
 
 
121

1,193

1,062

 
Nibe Industrier Ab B Shs
 
 
29

739

747

 
Nihon Parkerizing Co Ltd
 
 
40

928

927

 
Nikkiso Co Ltd
 
 
92

1,026

859

 
Nippon Ceramic Co Ltd
 
 
19

277

288

 
Nippon Kayaku Co Ltd
 
 
62

761

784

 
Nippon Seiki Co Ltd
 
 
82

1,841

1,881

 
Nippon Soda Co Ltd
 
 
189

955

1,050

 
Nissan Chemical Industries
 
 
55

983

1,015

 
Norma Group Se
 
 
62

2,665

2,985

 
Novatek Microelectronics Corp
 
 
202

860

1,140

 
Obara Group Inc
 
 
48

1,701

2,157

 
Oil Search Ltd
 
 
313

2,124

2,018

 
Oiles Corp
 
 
36

696

613

 
Open Text Corp
 
 
22

1,187

1,256

 
Opera Software Asa
 
 
100

1,399

1,269


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

49

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Orthofix International Nv
 
 
23

708

687

 
Oxford Instruments Plc
 
 
73

1,200

1,457

 
Pacific Textiles Holdings
 
 
2,357

2,871

3,124

 
Paddy Power Plc
 
 
12

836

981

 
Partners Group Holding Ag
 
 
6

1,470

1,615

 
Paypoint Plc
 
 
117

1,896

1,641

 
Pegasus Hava Tasimaciligi As
 
 
42

623

595

 
Petra Diamonds Ltd
 
 
181

552

547

 
Pfeiffer Vacuum Technology
 
 
12

975

987

 
Ping An Insurance Group Co H
 
 
570

4,655

5,809

 
Platinum Underwriters Hldgs
 
 
11

695

812

 
Playtech Plc
 
 
137

1,566

1,471

 
Polypipe Group Plc
 
 
202

809

783

 
Press Kogyo Co Ltd
 
 
364

1,521

1,308

 
Promotora Y Operadora De Inf
 
 
86

1,169

1,043

 
Prothena Corp Plc
 
 
17

355

352

 
Pure Technologies Ltd
 
 
31

218

195

 
Qatar National Bank
 
 
21

972

1,217

 
Qualicorp
 
 
53

622

551

 
Rapala Vmc Oyj
 
 
80

543

454

 
Rathbone Brothers Plc
 
 
21

650

659

 
Rohto Pharmaceutical Co Ltd
 
 
72

967

908

 
Round One Corp
 
 
103

629

604

 
Royal Caribbean Cruises Ltd
 
 
106

3,112

8,746


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

50

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
S.A.C.I. Falabella
 
 
252

2,220

1,689

 
SAI Global Ltd
 
 
443

1,518

1,449

 
SAIS Global Ltd
 
 
186

663

607

 
Samsonite International
 
 
347

1,115

1,031

 
Samsung Electronics Co Ltd
 
 
8

8,308

9,134

 
Samsung Fire & Marine Ins
 
 
16

4,371

4,127

 
Sanitec Oyj
 
 
81

765

1,006

 
Sankyo Tateyama Inc
 
 
60

1,145

1,100

 
Sanlam Ltd
 
 
97

620

585

 
Sanofi
 
 
191

8,299

8,707

 
Sanwa Holdings Corp
 
 
136

969

954

 
Sartorius Ag Vorzug Preference
 
 
9

995

1,048

 
Sasol Ltd
 
 
99

5,246

3,701

 
Seadrill Ltd
 
 
212

6,876

2,529

 
Seven Generations Energy A
 
 
38

705

580

 
SFS Group Ag
 
 
16

1,140

1,280

 
Shanghai Fosun Pharmaceuti H
 
 
224

725

803

 
Sihuan Pharmaceutical Hldgs
 
 
881

528

593

 
Sims Metal Management Ltd
 
 
46

455

452

 
Sinopharm Group Co H
 
 
294

1,137

1,044

 
SK Hynix Inc
 
 
169

7,705

7,329

 
Skylark Co Ltd
 
 
107

1,072

1,075

 
Stabilus
 
 
35

1,047

1,077

 
Summarecon Agung Tbk Pt
 
 
6,362

634

780


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

51

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Sun Pharmaceutical Indus
 
 
267

2,091

3,503

 
Sunny Optical Tech
 
 
507

817

875

 
Surya Citra Media Pt Tbk
 
 
3,097

980

875

 
Taiwan Semiconductor
 
 
277

5,318

6,204

 
Takkt Ag
 
 
64

1,092

1,062

 
Tata Consultancy Svcs Ltd
 
 
120

4,354

4,870

 
Tata Motors Ltd
 
 
455

2,588

3,569

 
Tav Havalimanlari Holding As
 
 
72

629

586

 
Tecan Group Ag Reg
 
 
9

1,024

1,074

 
Tech Mahindra Ltd
 
 
31

959

1,293

 
Ted Baker Plc
 
 
46

1,400

1,591

 
Temp Holdings Co Ltd
 
 
56

1,702

1,787

 
Tencent Holdings Ltd
 
 
274

2,742

3,976

 
Teva Pharmaceutical
 
 
163

6,929

9,358

 
Thai Beverage Pcl
 
 
1,279

651

666

 
Thai Union Frozen Prod
 
 
235

618

646

 
Theravance Biopharma Inc
 
 
4

55

59

 
Third Point Reinsurance Ltd
 
 
17

243

239

 
Thule Group Ab/The
 
 
54

605

623

 
Tokyo Tatemono Co Ltd
 
 
115

928

842

 
Tom Tailor Holding Ag
 
 
44

775

638

 
Toshiba Tec Corp
 
 
223

1,446

1,549

 
Totvs
 
 
32

470

419

 
Towngas China Co Ltd
 
 
748

806

760


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

52

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Travelsky Technology Ltd H
 
 
157

165

170

 
Trinity Ltd
 
 
873

242

164

 
Turkiye Garanti Bankasi
 
 
1,431

5,377

5,766

 
UACJ Corp
 
 
477

1,692

1,241

 
Ultrapar Participacoes
 
 
77

1,756

1,485

 
Ultratech Cement Ltd
 
 
27

1,253

1,142

 
Unipres Corp
 
 
32

626

532

 
Universal Robina Corp
 
 
257

577

1,127

 
Ushio Inc
 
 
66

687

697

 
Veda Group Ltd
 
 
452

919

847

 
Victrex Plc
 
 
64

1,672

2,088

 
Vidrala
 
 
18

745

806

 
Vipshop Holdings Ltd
 
 
51

647

991

 
Vodafone Group Plc
 
 
131

7,371

4,462

 
Volution Group Plc
 
 
361

896

789

 
Vostok Nafta Investment
 
 
87

583

421

 
VT Holdings Co Ltd
 
 
256

931

1,014

 
Vtech Holdings Ltd
 
 
79

957

1,129

 
Walmart De Mexico Ser V
 
 
1,032

2,415

2,221

 
Wandisco Plc
 
 
85

414

635

 
WEG
 
 
67

777

773

 
Weifu High Technology Grou B
 
 
217

802

742

 
Wirecard Ag
 
 
43

1,561

1,876

 
World Duty Free Spa
 
 
115

1,247

1,104


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

53

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Wuxi Pharmatech Cayman
 
 
22

292

730

 
Xchanging Plc
 
 
589

1,799

1,429

 
XXL Asa
 
 
84

816

825

 
Yellow Hat Ltd
 
 
39

870

812

 
Yoma Strategic Hldgs Ltd
 
 
1,512

747

753

 
Yoox Spa
 
 
27

615

606

 
Yougov Plc
 
 
560

992

1,095

 
YY Inc
 
 
10

717

627

 
Zhuzhou Csr Times Electric H
 
 
283

924

1,646

 
Zodiac Aerospace
 
 
47

1,481

1,592

 
Total non-U.S. equities
 
 
 
493,316

519,938

 
Mutual funds:
 
 
 
 
 
 
Non-U.S. equity funds:
 
 
 
 
 
 
DFA Emerging Markets Portfolio
 
 
13,091

322,559

317,563

 
DFA International Value Portfolio
 
 
52,298

672,399

703,937

 
Dodge & Cox International Stock Fund
 
 
18,598

633,113

783,165

 
Total non-U.S. equity funds
 
 
 
1,628,071

1,804,665

 
Non-U.S. debt funds:
 
 
 
 
 
 
Legg Mason Bw Global Opportunities
 
 
9,895

112,411

108,057

 
Pimco Emerging Markets Bond Fund
 
 
7,280

81,105

73,822

 
Total non-U.S. debt funds
 
 
 
193,516

181,879

 
High yield bond funds:
 
 
 
 
 
 
T Rowe Price Institutional High Yield
 
 
26,273

250,328

238,290

 
Western Asset High Yield Fund
 
 
28,270

245,229

237,744


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

54

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Total high yield bond funds
 
 
 
495,557

476,034

 
Global allocation funds:
 
 
 
 
 
 
Pimco All Asset All Authority
 
 
3,886

41,304

35,475

 
Total global allocation funds
 
 
 
41,304

35,475

 
Total mutual funds
 
 
 
2,358,448

2,498,053

 
Collective trust funds:
 
 
 
 
 
 
Balanced funds:
 
 
 
 
 
 
BFA Lifepath Index 2020 Fund
 
 
11,242

155,444

190,727

 
BFA Lifepath Index 2025 Fund
 
 
20,834

269,166

335,636

 
BFA Lifepath Index 2030 Fund
 
 
18,877

260,115

326,930

 
BFA Lifepath Index 2035 Fund
 
 
24,089

310,173

389,729

 
BFA Lifepath Index 2040 Fund
 
 
61,014

848,803

1,066,254

 
BFA Lifepath Index 2045 Fund
 
 
46,444

589,000

748,253

 
BFA Lifepath Index 2050 Fund
 
 
8,381

95,425

110,580

 
BFA Lifepath Index 2055 Fund
 
 
1

15

15

 
BFA Lifepath Index Retirement
 
 
9,635

150,078

162,532

 
Total balanced funds
 
 
 
2,678,219

3,330,656

 
Commodity funds:
 
 
 
 
 
*
State Str Bk & Tr Co Invt Fds
 
 
4,364

46,665

35,732

 
Total commodity funds
 
 
 
46,665

35,732

 
Non-U.S. debt funds:
 
 
 
 
 
 
Wellington CIF II Citigroup Emerging Markets Debt Portfolio
 
 
5,726

72,525

73,637

 
Total non-U.S. debt funds
 
 
 
72,525

73,637

 
Non-U.S. equity funds:
 
 
 
 
 

*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

55

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
*
SSgA Emg Mkts Indx NL SF CL A
 
 
19,422

493,236

502,164

*
SSgA Intl Indx SL SF CL I
 
 
141,999

2,847,479

3,287,999

*
SSgA Active Emerging Markets Select NL SF CL A
 
 
23,802

238,957

238,407

 
Total non-U.S. equity funds
 
 
 
3,579,672

4,028,570

 
Real estate funds:
 
 
 
 
 
 
AEW Capital Management REIT Fund
 
 
14,219

188,730

246,852

 
Total real estate funds
 
 
 
188,730

246,852

 
U.S. debt funds:
 
 
 
 
 
*
SSgA U.S. Inflation Pro Bond Indx SL SF CL I
 
 
9,216

127,607

137,254

*
U.S. Diversified Bond BL SF CL A
 
 
182,010

1,833,605

1,854,316

 
Total U.S. debt funds
 
 
 
1,961,212

1,991,570

 
U.S. equity funds:
 
 
 
 
 
 
Citigroup Large Cap Growth Wellington Lrg Cap
 
 
36,739

409,511

594,438

*
SSgA S&P Midcap (R) Indx SL SF CL I
 
 
40,478

1,522,415

2,329,574

*
SSgA Russell Small Cap (R) Indx SL SF CL I
 
 
17,110

386,930

762,817

*
SSgA Russell All Cap (R) Indx SL SF CL I
 
 
71,734

1,421,584

2,646,625

*
SSgA S&P 500 (R) Indx SL SF CL I
 
 
8,991

2,543,449

4,186,811

 
Total U.S. equity funds
 
 
 
6,283,889

10,520,265

 
Total collective trust funds
 
 
 
14,810,912

20,227,282

 
Guaranteed investment contracts (GICs):
 
 
 
 
 
 
Traditional GICs:
 
 
 
 
 
 
New York Life Contract No. 34360
1.02%
 
20,945

20,945

20,944

 
Principal Life Contract No. 6-18274
1.25%
 
27,900

27,900

27,920

 
Protective Life Insurance Contract No. GA 2021
0.85%
 
17,308

17,308

17,308


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

56

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Total traditional GICs
 
 
 
66,153

66,172

 
Separate Account GICs:
 
 
 
 
 
 
Voya Retirement Ins & Annuity Co Contract 60385
1.22%
 
115,682

115,682

115,641

 
New York Life Contract No. 29038
2.33%
 
271,781

271,781

278,821

 
Total separate account GICs
 
 
 
387,463

394,462

 
Synthetic GICs:
 
 
 
 
 
 
American General Life Contract No. 725840
3.41%
 
 
 
 
 
Abbvie Inc Sr Unsec
1.75%
11/6/2017
3,801

3,801

3,753

 
Altria Group Inc Glbl Sr Unsec
2.85%
8/9/2022
3,827

3,819

3,725

 
America Movil Sab De Cv Glbl Sr Unsec
3.13%
7/16/2022
4,200

3,909

4,155

 
American Express Glbl Sr Nt
7.00%
3/19/2018
3,734

4,697

4,323

 
Anheuser-Busch Cos Inc Nt
5.50%
1/15/2018
840

957

935

 
Anheuser-Busch Inbev Wor Glbl Co Gtd
7.75%
1/15/2019
2,707

3,578

3,281

 
Baidu Inc Sr Unsec
2.75%
6/9/2019
2,894

2,898

2,887

 
Bank Of America Corp Glbl Sr Nt
5.75%
12/1/2017
93

106

103

 
Bank Of America Corp Glbl Sr Nt
7.63%
6/1/2019
4,480

5,741

5,420

 
Bank Of America Corp Sr Unsec
2.65%
4/1/2019
93

94

94

 
Bank Of America Corp Sr Unsec Mtn
1.32%
3/22/2018
93

95

94

 
Bear Stearns Co Inc Glbl Sr Unsec
7.25%
2/1/2018
4,667

5,814

5,383

 
BP Capital Markets Plc Glbl Co Gtd
3.88%
3/10/2015
4,387

4,650

4,414

 
Brf - Brasil Foods Sa Sr Unsec 144A
5.88%
6/6/2022
2,800

3,024

2,969

 
Brf Sa Sr Unsec 144A
4.75%
5/22/2024
747

739

727

 
Cash Collateral Cme Fob Usd
—%
12/31/2060
91

91

91

 
F H L M C Disc Nt
—%
11/3/2015
3,267

3,266

3,267


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

57

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
F H L M C Disc Nt (Rb)
—%
8/1/2015
2,894

2,892

2,894

 
F H L M C Disc Nt (Rb)
—%
1/29/2015
653

653

653

 
Fed Home Ln Bk Disc Nt
—%
9/1/2015
2,894

2,894

2,894

 
Fed Home Ln Bk Disc Nt
—%
1/14/2015
9,800

9,800

9,800

 
Fed Home Ln Bk Disc Nt
—%
2/20/2015
2,240

2,240

2,240

 
Fed Home Ln Bk Disc Nt
—%
2/25/2015
2,520

2,519

2,520

 
Federal Natl Mtg Assn Disc Nt
—%
2/2/2015
280

280

280

 
Federal Natl Mtg Assn Disc Nt
—%
2/26/2015
52,736

52,726

52,735

 
Federal Natl Mtg Assn Pass Thru 30Yr #Au5386
3.00%
6/1/2043
8,358

8,137

8,468

 
Federal Natl Mtg Assn P-T DUS #Am1964
2.18%
1/12/2022
1,925

1,788

1,899

 
Federal Natl Mtg Assn TBA 3.0% Jan 30Yr
3.00%
1/14/2045
2,800

2,793

2,833

 
Federal Natl Mtg Assn TBA Tba 3.5% Jan 30Yr
3.50%
1/14/2045
19,601

20,252

20,434

 
Ford Motor Credit
8.13%
1/15/2020
2,240

2,844

2,778

 
Ford Motor Credit Co Llc Glbl Sr
4.21%
4/15/2016
93

99

96

 
Ford Motor Credit Co Llc Unsec
1.50%
1/17/2017
887

888

882

 
General Electric Co Sr Unsec
2.70%
10/9/2022
5,600

5,729

5,612

 
Goldman Sachs Group Inc Glbl Sr
7.50%
2/15/2019
4,574

5,769

5,445

 
HSBC Holdings Plc Sr Unsec
5.10%
4/5/2021
3,547

4,170

4,015

 
IRS Usd 3.000 06/18/14-10Y Cme
3.00%
6/18/2024
44,149

923

2,871

 
IRS Usd 3.000 12/17/14-10Y Cme
3.00%
12/17/2024
6,441

201

419

 
IRS Usd 3.750 06/18/14-30Y Cme
3.75%
6/18/2044
(24,081
)
(1,287
)
(5,378
)
 
J.P. Morgan Chase & Co Frn Sr Unsec
0.75%
2/15/2017
93

93

93

 
J.P. Morgan Chase & Co Unsec
0.78%
4/25/2018
93

93

93

 
Kinder Morgan Ener Part Sr Unsecur
6.85%
2/15/2020
2,987

3,805

3,435


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

58

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Medtronic Inc Sr Unsec 144A
1.50%
3/15/2018
2,987

2,978

2,975

 
Rabobank Nederland Ny Sr Unsec
0.56%
4/28/2017
4,200

4,200

4,200

 
Southwestern Energy Co Glbl Sr Nt
7.50%
2/1/2018
3,080

3,794

3,472

*
State Street Bank + Trust Co 2236
0.07%
1/12/2015
623

623

623

 
US Treasury Inflate Prot Bd
0.13%
7/15/2022
1,147

1,149

1,119

 
US Treasury Inflate Prot Bd
0.13%
7/15/2022
1,455

1,458

1,420

 
US Treasury Inflate Prot Bd
0.13%
7/15/2024
11,014

10,766

10,624

 
US Treasury Note
0.25%
9/15/2015
6,627

6,636

6,631

 
US Treasury Note
0.38%
8/31/2015
11,387

11,417

11,403

 
US Treasury Note
0.25%
9/30/2015
11,481

11,494

11,485

 
US Treasury Note
2.38%
8/15/2024
6,720

6,732

6,845

 
US Treasury Note
1.50%
10/31/2019
5,787

5,754

5,752

 
US Treasury Note
2.00%
10/31/2021
467

466

468

 
US Treasury Note
2.25%
4/30/2021
22,494

22,641

22,958

 
US Treasury Note
2.00%
5/31/2021
37,335

36,827

37,524

 
US Treasury Repo
0.14%
2/1/2015
1,680

1,680

1,680

 
US Treasury Repo
0.15%
2/1/2015
46,389

46,389

46,389

 
US Treasury Repo
0.14%
1/2/2015
46,389

46,389

46,389

 
US Treasury Repo
0.10%
1/2/2015
2,334

2,334

2,334

 
Verizon Communications Sr Unsec
1.99%
9/14/2018
3,640

3,832

3,790

 
Vm Cash Ccp Cme Fob Usd
0.01%
12/31/2060
63

63

63

 
Wells Fargo Bank Na Sr Unsec
0.50%
6/15/2017
5,040

5,040

5,044

 
Interest And Dividends Receivable
 
 
 
1,341

1,341

 
Payable For Securities Purchased
 
 
 
(23,045
)
(23,044
)

*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

59

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Receivable For Securities Sold
 
 
 
2,067

2,067

 
Wrapper
 
 
 

(382
)
 
Fair value of contract
 
 
 
390,605

386,802

 
 
 
 
 
 
 
 
Natixis Financial Products Contract No. Wr 1937-02
1.41%
 
 
 
 
 
Bear Stearns Commercial Mortgage Securities
5.47%
5/11/2015
7,867

212

199

 
CNH 2012-B A3
0.86%
8/17/2015
6,211

2,369

2,372

 
DESF 2001-1 A6
6.62%
3/2/2015
6,211

1,818

1,728

 
FHR 3705 DC
3.50%
9/15/2016
10,351

869

1,085

 
FHR 3706 EB
2.00%
3/15/2016
12,939

200

961

 
FHR 3856 EA
3.00%
5/15/2018
7,204

1,094

1,576

 
FHR 3465 HA
4.00%
9/15/2015
22,845

969

851

 
FHR 3625 AJ
4.00%
5/15/2015
8,345

1,601

194

 
FNR 2010-69 EG
3.00%
8/25/2015
12,421

1,027

322

 
FNR 2010-104 BA
3.50%
11/25/2016
8,902

325

1,020

 
GNR 2010-139 PH
3.00%
11/21/2016
7,246

2,331

2,313

 
GNR 2011-82 UE
2.00%
8/20/2015
9,316

1,118

1,108

 
HAROT 2012-2 A3
0.70%
5/15/2015
4,140

920

921

 
HART 2012-B A3
0.62%
4/15/2015
3,105

560

560

 
LBUBS 2005-C3 A5
4.74%
4/15/2015
6,023

3,316

3,075

 
NAROT 2012-B A3
0.46%
9/15/2015
3,105

1,438

1,437

 
TIAAS 2007-C4 A3
5.62%
4/15/2015
7,246

1,222

1,142

 
Wrapper
 
 
 

8

 
Fair value of contract
 
 
 
21,389

20,872


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

60

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
 
 
 
 
 
 
 
Royal Bank Of Canada Contract No. Citigroup01
3.43%
 
 
 
 
 
Abbvie Inc Sr Unsec
1.75%
11/6/2017
4,559

4,629

4,572

 
Altria Group Inc Glbl Sr Unsec
2.85%
8/9/2022
3,827

4,652

4,537

 
America Movil Sab De Cv Glbl Sr Unsec
3.13%
7/16/2022
4,200

4,761

5,060

 
American Express Glbl Sr Nt
7.00%
3/19/2018
3,734

5,722

5,265

 
Anheuser-Busch Cos Inc Nt
5.50%
1/15/2018
840

1,165

1,139

 
Anheuser-Busch Inbev Wor Glbl Co Gtd
7.75%
1/15/2019
2,707

4,359

3,997

 
Baidu Inc Sr Unsec
2.75%
6/9/2019
2,894

3,530

3,516

 
Bank Of America Corp Glbl Sr Nt
5.75%
12/1/2017
93

130

126

 
Bank Of America Corp Glbl Sr Nt
7.63%
6/1/2019
4,480

6,992

6,602

 
Bank Of America Corp Sr Unsec
2.65%
4/1/2019
93

114

115

 
Bank Of America Corp Sr Unsec Mtn
1.32%
3/22/2018
93

115

115

 
Bear Stearns Co Inc Glbl Sr Unsec
7.25%
2/1/2018
4,667

7,081

6,556

 
BP Capital Markets Plc Glbl Co Gtd
3.88%
3/10/2015
4,387

5,663

5,376

 
Brf - Brasil Foods Sa Sr Unsec 144A
5.88%
6/6/2022
2,800

3,684

3,617

 
Brf Sa Sr Unsec 144A
4.75%
5/22/2024
747

899

886

 
Cash Collateral Cme Fob Usd
—%
12/31/2060
91

110

110

 
Federal Home Loan Mortgage Corp Disc Nt
—%
11/3/2015
3,267

3,978

3,979

 
Federal Home Loan Mortgage Corp Disc Nt (Rb)
—%
8/1/2015
2,894

3,522

3,524

 
Federal Home Loan Mortgage Corp Disc Nt (Rb)
—%
1/29/2015
653

796

796

 
Fed Home Ln Bk Disc Nt
—%
9/1/2015
2,894

3,524

3,524

 
Fed Home Ln Bk Disc Nt
—%
1/14/2015
9,800

11,937

11,937

 
Fed Home Ln Bk Disc Nt
—%
2/20/2015
2,240

2,728

2,728


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

61

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Fed Home Ln Bk Disc Nt
—%
2/25/2015
2,520

3,069

3,069

 
Federal Natl Mtg Assn Disc Nt
—%
2/2/2015
280

341

341

 
Federal Natl Mtg Assn Disc Nt
—%
2/26/2015
52,736

64,219

64,230

 
Federal Natl Mtg Assn Pass Thru 30Yr #Au5386
3.00%
6/1/2043
8,358

9,910

10,315

 
Federal Natl Mtg Assn P-T DUS #Am1964
2.18%
1/12/2022
1,925

2,177

2,312

 
Federal Natl Mtg Assn TBA 3.0% Jan 30Yr
3.00%
1/14/2045
2,800

3,402

3,450

 
Federal Natl Mtg Assn TBA Tba 3.5% Jan 30Yr
3.50%
1/14/2045
19,601

24,667

24,888

 
Ford Motor Credit
8.13%
1/15/2020
2,240

3,465

3,383

 
Ford Motor Credit Co Llc Glbl Sr
4.21%
4/15/2016
93

121

118

 
Ford Motor Credit Co Llc Unsec
1.50%
1/17/2017
887

1,082

1,075

 
General Electric Co Sr Unsec
2.70%
10/9/2022
5,600

6,978

6,836

 
Goldman Sachs Group Inc Glbl Sr
7.50%
2/15/2019
4,574

7,026

6,632

 
HSBC Holdings Plc Sr Unsec
5.10%
4/5/2021
3,547

5,079

4,890

 
IRS Usd 3.000 06/18/14-10Y Cme
3.00%
6/18/2024
44,149

1,125

3,497

 
IRS Usd 3.000 12/17/14-10Y Cme
3.00%
12/17/2024
6,441

245

510

 
IRS Usd 3.750 06/18/14-30Y Cme
3.75%
6/18/2044
(24,081
)
(1,567
)
(6,550
)
 
J.P. Morgan Chase & Co Frn Sr Unsec
0.75%
2/15/2017
93

114

114

 
J.P. Morgan Chase & Co Unsec
0.78%
4/25/2018
93

114

114

 
Kinder Morgan Ener Part Sr Unsecur
6.85%
2/15/2020
2,987

4,634

4,183

 
Medtronic Inc Sr Unsec 144A
1.50%
3/15/2018
2,987

3,628

3,623

 
Rabobank Nederland Ny Sr Unsec
0.56%
4/28/2017
4,200

5,116

5,115

 
Southwestern Energy Co Glbl Sr Nt
7.50%
2/1/2018
3,080

4,620

4,229

*
State Street Bank + Trust Co 2236
0.07%
1/12/2015
623

759

759

 
US Treasury Inflate Prot Bd
0.13%
7/15/2022
1,147

1,399

1,363


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

62

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
US Treasury Inflate Prot Bd
0.13%
7/15/2022
1,455

1,775

1,729

 
US Treasury Inflate Prot Bd
0.13%
7/15/2024
11,014

13,114

12,941

 
US Treasury Note
0.25%
9/15/2015
6,627

8,082

8,077

 
US Treasury Note
0.38%
8/31/2015
11,387

13,905

13,889

 
US Treasury Note
0.25%
9/30/2015
11,481

13,999

13,989

 
US Treasury Note
2.38%
8/15/2024
6,720

8,200

8,338

 
US Treasury Note
1.50%
10/31/2019
5,787

7,008

7,006

 
US Treasury Note
2.00%
10/31/2021
467

568

570

 
US Treasury Note
2.25%
4/30/2021
22,494

27,576

27,963

 
US Treasury Note
2.00%
5/31/2021
37,335

44,856

45,705

 
US Treasury Repo
0.14%
2/1/2015
1,680

2,046

2,046

 
US Treasury Repo
0.15%
2/1/2015
46,389

56,501

56,501

 
US Treasury Repo
0.14%
1/2/2015
46,389

56,501

56,501

 
US Treasury Repo
0.10%
1/2/2015
2,334

2,842

2,842

 
Verizon Communications Sr Unsec
1.99%
9/14/2018
3,640

4,668

4,616

 
Vm Cash Ccp Cme Fob Usd
0.01%
12/31/2060
63

76

76

 
Wells Fargo Bank Na Sr Unsec
0.50%
6/15/2017
5,040

6,139

6,144

 
Interest And Dividends Receivable
 
 
 
1,634

1,634

 
Payable For Securities Purchased
 
 
 
(28,069
)
(28,071
)
 
Receivable For Securities Sold
 
 
 
2,518

2,518

 
Wrapper
 
 
 

116

 
Fair value of contract
 
 
 
475,753

471,703

 
 
 
 
 
 
 
 
Voya Retirement Ins & Annuity Co Contract No. 60266
2.65%
 
 
 
 

*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

63

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
1-3 Year Credit Bond Index Fund
 
 
2,961

30,080

34,040

 
1-3 Year Government Bond Index
 
 
523

58,459

59,114

 
Asset-Backed Securities Index
 
 
2,503

60,740

82,056

 
Commercial Mortgage-Backed Sec
 
 
428

7,075

11,486

 
Intermediate Government Bond I
 
 
847

32,366

34,360

 
Intermediate Term Credit Bond
 
 
2,445

98,501

123,325

 
Long Term Government Bond Index
 
 
95

6,697

7,385

 
Mortgage-Backed Securities Index
 
 
2,190

75,908

106,083

 
Wrapper
 
 
 
 
879

 
Fair value of contract
 
 
 
369,826

458,728

 
 
 
 
 
 
 
 
Prudential GA-62194
2.39%
 
 
 
 
 
21St Century Fox Amer Inc
3.70%
9/15/2024
466

466

484

 
Abb Fin Usa Inc
2.88%
5/8/2022
83

81

83

 
Abbey Natl Treas Svcs Plc
2.35%
9/10/2019
269

268

270

 
Abbvie Inc
2.90%
11/6/2022
383

380

379

 
Ace Ina Hldgs Inc
2.70%
3/13/2023
549

547

537

 
Actavis Fdg Scs
2.45%
6/15/2019
114

114

112

 
Agrium Inc
3.50%
6/1/2023
331

331

328

 
Allied World Assurn Co Hldgs Ltd
7.50%
8/1/2016
776

868

872

 
Allstate Corp
3.15%
6/15/2023
300

299

302

 
Altria Grp Inc
9.70%
11/10/2018
474

616

609

 
Altria Grp Inc
2.85%
8/9/2022
186

174

183

 
Altria Grp Inc
4.00%
1/31/2024
549

545

581


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

64

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Amazoncom Inc
1.20%
11/29/2017
414

412

410

 
America Movil Sab De Cv
5.00%
3/30/2020
828

846

924

 
American Airlines Inc
3.70%
10/1/2026
93

93

95

 
American Airlines Inc
4.95%
1/15/2023
391

418

427

 
American Express Co
2.65%
12/2/2022
814

802

800

 
American Intl Grp Inc
6.40%
12/15/2020
362

387

433

 
American Intl Grp Inc
4.88%
6/1/2022
466

515

525

 
American Intl Grp Inc
3.38%
8/15/2020
362

375

381

 
Amgen Inc
5.85%
6/1/2017
93

106

103

 
Amgen Inc
3.45%
10/1/2020
311

315

325

 
Amgen Inc
2.30%
6/15/2016
1,066

1,046

1,084

 
Amgen Inc
3.63%
5/22/2024
321

321

327

 
Anadarko Petroleum Corp
6.38%
9/15/2017
207

228

234

 
Anheuser Busch Inbev Worldwide Inc
5.38%
1/15/2020
1,615

1,773

1,869

 
Anheuser Busch Inbev Worldwide Inc
5.00%
4/15/2020
197

238

222

 
Apache Corp
3.63%
2/1/2021
83

87

85

 
Apple Inc
2.85%
5/6/2021
1,356

1,366

1,393

 
A&T Inc
5.50%
2/1/2018
362

399

409

 
A&T Inc
3.88%
8/15/2021
393

403

418

 
Axis Specialty Fin LLC
5.88%
6/1/2020
404

407

459

 
BACCT_07-A1
5.17%
6/15/2019
2,153

2,461

2,331

 
BACM_06-3
5.89%
7/10/2044
1,933

2,150

2,043

 
Baltimore Gas & Elec Co
3.35%
7/1/2023
176

175

183

 
Bank Of Amer Corp
6.00%
9/1/2017
1,760

1,890

1,975


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

65

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Bank Of Amer Corp
3.30%
1/11/2023
1,366

1,354

1,388

 
Bank Of Amer Corp
4.13%
1/22/2024
1,087

1,086

1,161

 
Bank Of Amer Corp
4.00%
4/1/2024
1,325

1,320

1,393

 
Barclays Bk Plc
5.00%
9/22/2016
673

717

726

 
Barclays Bk Plc
3.75%
5/15/2024
342

342

354

 
Barclays Plc
2.75%
11/8/2019
414

413

413

 
Barrick Pd Au Fin Pty
4.95%
1/15/2020
207

231

225

 
Baxter Intl Inc
0.05%
6/15/2023
290

289

293

 
Becton Dickinson & Co
3.73%
12/15/2024
238

238

246

 
Bhp Billiton Fin Usa Ltd
6.50%
4/1/2019
228

293

271

 
Bp Cap Markets Plc
4.75%
3/10/2019
279

329

310

 
Bp Cap Markets Plc
3.56%
11/1/2021
228

228

234

 
Bp Cap Markets Plc
3.25%
5/6/2022
549

549

542

 
Brazil Rep Of
6.00%
1/17/2017
983

1,102

1,087

 
Brazil Rep Of
4.25%
1/7/2025
414

412

422

 
British Telecom Plc
5.95%
1/15/2018
559

626

639

 
Bear Stearns Commercial Mortgage Securities
5.13%
10/12/2042
621

667

640

 
Bear Stearns Commercial Mortgage Securities
5.58%
4/12/2038
186

202

196

 
Buckeye Partners Lp
2.65%
11/15/2018
83

82

82

 
Burlington Northern Santa Fe Corp
5.75%
3/15/2018
435

487

495

 
Burlington Northern Santa Fe Llc
3.40%
9/1/2024
424

424

438

 
CA St
6.20%
3/1/2019
1,118

1,166

1,307

 
Canadian Natl Railway Co
5.55%
3/1/2019
621

692

716

 
Capital One Bk Usa Na
2.95%
7/23/2021
631

630

636


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

66

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Capital One Finl Corp
2.15%
3/23/2015
1,356

1,392

1,368

 
Cardinal Hlth Inc
4.63%
12/15/2020
259

298

284

 
Cash
 
 
2,644

2,644

2,644

 
Caterpillar Inc
3.90%
5/27/2021
818

832

889

 
Catholic Hlth Initiatives
1.60%
11/1/2017
72

73

73

 
Catholic Hlth Initiatives
4.20%
8/1/2023
228

227

244

 
CBS CORP
4.30%
2/15/2021
104

107

113

 
CD_07-CD4
5.32%
12/11/2049
1,006

1,126

1,070

 
CF Inds Inc
6.88%
5/1/2018
135

161

155

 
CF Inds Inc
3.45%
6/1/2023
259

259

254

 
Chait_14-A2
2.77%
3/15/2023
828

838

849

 
Chevron Corp
2.36%
12/5/2022
694

694

674

 
Chile Rep Of
3.25%
9/14/2021
528

523

550

 
Cigna Corp
5.38%
3/15/2017
621

680

681

 
Cigna Corp
4.38%
12/15/2020
383

416

412

 
Cigna Corp
4.00%
2/15/2022
228

240

243

 
Cisco Systems Inc
4.45%
1/15/2020
1,045

1,214

1,172

 
Cisco Systems Inc
2.90%
3/4/2021
41

42

42

 
Cnooc Fin 2014 Ulc
1.63%
4/30/2017
725

722

723

 
Coca Cola Co
3.15%
11/15/2020
259

272

272

 
Comcast Corp
5.88%
2/15/2018
725

823

831

 
COMM_12-CR3
2.82%
10/15/2045
290

284

291

 
COMM_13-CR8
3.33%
6/10/2046
476

462

492

 
COMM_14-CR15
2.93%
2/10/2047
1,863

1,919

1,923


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

67

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
COMM_14-UBS4
2.96%
8/10/2047
1,656

1,705

1,705

 
Conocophillips Co
2.40%
12/15/2022
528

527

505

 
Continental Airlines Inc
4.15%
4/11/2024
249

255

259

 
Continental Airlines Inc
4.00%
10/29/2024
206

206

210

 
Coventry Hlth Care Inc
5.95%
3/15/2017
155

181

172

 
Coventry Hlth Care Inc
5.45%
6/15/2021
559

588

644

 
Covidien Intl Fin Sa
2.95%
6/15/2023
104

104

102

 
Credit Suisse Ny
4.38%
8/5/2020
807

780

890

 
CRH Amer Inc
6.00%
9/30/2016
590

667

644

 
CSMC_06-C1
5.47%
2/15/2039
373

402

389

 
CSX CORP
5.60%
5/1/2017
176

200

194

 
CSX CORP
7.38%
2/1/2019
828

1,007

1,017

 
Cummins Inc
3.65%
10/1/2023
238

236

253

 
CVS Caremark Corp
5.75%
6/1/2017
422

478

468

 
Deere & Co
2.60%
6/8/2022
476

476

469

 
Delhaize Grp Sa
6.50%
6/15/2017
466

527

515

 
Delta Air Lines Inc
6.82%
8/10/2022
136

161

163

 
Devon Energy Corp
2.25%
12/15/2018
321

320

320

 
Directv Hldgs Llc Directv Fin Co I
3.50%
3/1/2016
207

207

215

 
Directv Hldgs Llc Directv Fin Co I
3.80%
3/15/2022
869

885

895

 
Discover Finl Svcs
3.85%
11/21/2022
1,087

1,084

1,111

 
Discovery Comm Llc
5.63%
8/15/2019
135

164

154

 
Dominion Gas Hldgs Llc
3.55%
11/1/2023
135

134

138

 
Dominion Resources Inc
4.45%
3/15/2021
331

359

363


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

68

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Dow Chemical Co
8.55%
5/15/2019
290

387

364

 
Dow Chemical Co
4.25%
11/15/2020
176

191

189

 
Dow Chemical Co
4.13%
11/15/2021
217

233

231

 
Dow Chemical Co
3.00%
11/15/2022
414

407

406

 
Duke Energy In Inc
3.75%
7/15/2020
207

224

223

 
Dupont Ei De Nemours & Co
4.63%
1/15/2020
393

468

443

 
Dupont Ei De Nemours & Co
2.80%
2/15/2023
269

270

268

 
Eastman Chemical Co
3.80%
3/15/2025
631

628

645

 
Ebay Inc
1.35%
7/15/2017
135

135

135

 
Ecolab Inc
4.35%
12/8/2021
383

383

418

 
Ecopetrol Sa
4.13%
1/16/2025
93

92

89

 
El Paso Pipeline Partners Oper Co
6.50%
4/1/2020
166

201

190

 
Entergy Corp
5.13%
9/15/2020
404

415

446

 
Enterprise Products Operating Llc
6.50%
1/31/2019
176

216

207

 
Enterprise Products Operating Llc
3.35%
3/15/2023
869

869

868

 
Enterprise Products Operating Llc
3.75%
2/15/2025
83

82

84

 
Eog Resources Inc
4.10%
2/1/2021
248

264

271

 
Equifax Inc
3.30%
12/15/2022
176

173

175

 
Export Import Bk Of Korea
4.38%
9/15/2021
538

570

597

 
Federal Home Loan Mortgage Corp
0.63%
11/1/2016
331

331

331

 
Federal Home Loan Mortgage Corp
2.00%
8/25/2016
725

722

747

 
Federal Home Loan Mortgage Corp
2.38%
1/13/2022
890

869

909

 
Federal Home Loan Mortgage Corp
1.25%
8/1/2019
135

134

132

 
Federal Home Loan Mortgage Corp
1.00%
9/29/2017
1,066

1,066

1,066


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

69

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Federal Home Loan Mortgage Corp
0.75%
1/12/2018
3,985

3,962

3,942

 
Federal Home Loan Mortgage Corp
0.88%
3/7/2018
1,252

1,248

1,241

 
Federal Home Loan Mortgage Corp
0.88%
10/14/2016
1,273

1,273

1,281

 
Federal Home Loan Mortgage Corp Gold 30Yr
2.50%
1/1/2043
710

694

695

 
Federal Home Loan Mortgage Corp Gold 30Yr
3.00%
2/1/2043
1,800

1,859

1,827

 
Federal Home Loan Mortgage Corp Gold 30Yr
3.50%
9/1/2043
2,866

2,870

2,993

 
Federal Home Loan Mortgage Corp Gold 30Yr
3.00%
6/1/2029
1,978

2,050

2,065

 
Federal Home Loan Mortgage Corp Gold 30Yr
3.00%
6/1/2029
2,943

3,050

3,073

 
Federal Natl Mtg Assn 15Yr
3.50%
9/1/2026
705

749

749

 
Federal Natl Mtg Assn 15Yr
3.00%
5/1/2027
2,236

2,346

2,335

 
Federal Natl Mtg Assn 15Yr
2.50%
4/1/2028
368

367

378

 
Federal Natl Mtg Assn 15Yr
3.00%
8/1/2028
1,495

1,553

1,561

 
Federal Natl Mtg Assn 15Yr
2.50%
7/1/2028
981

980

1,003

 
Federal Natl Mtg Assn 15Yr
2.50%
8/1/2028
917

913

939

 
Federal Natl Mtg Assn 15Yr
2.50%
8/1/2028
69

68

71

 
Federal Natl Mtg Assn 15Yr
3.00%
11/1/2028
914

948

954

 
Federal Natl Mtg Assn 15Yr
2.50%
2/1/2029
904

896

924

 
Federal Natl Mtg Assn 15Yr
2.50%
9/1/2027
3,517

3,516

3,605

 
Federal Natl Mtg Assn 15Yr
3.50%
3/1/2026
217

218

230

 
Federal Natl Mtg Assn 15Yr
3.50%
2/1/2026
520

523

552

 
Federal Natl Mtg Assn 15Yr
3.50%
10/1/2025
273

274

291

 
Federal Natl Mtg Assn 15Yr Tba(Reg B)
3.00%
1/20/2015
7,763

8,056

8,079

 
Federal Natl Mtg Assn 30Yr Tba(Reg A)
3.50%
1/14/2015
3,105

3,213

3,243

 
Federal Natl Mtg Assn 30Yr Tba(Reg A)
3.00%
2/12/2015
1,035

1,047

1,046


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

70

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Federal Natl Mtg Assn 30Yr Tba(Reg A)
4.00%
1/14/2015
4,140

4,398

4,426

 
Federal Natl Mtg Assn 30Yr Tba(Reg A)
4.00%
2/12/2015
4,140

4,401

4,414

 
Federal Natl Mtg Assn 30Yr Tba(Reg A)
4.50%
2/12/2015
2,070

2,241

2,246

 
Federal Natl Mtg Assn 30Yr Tba(Reg A)
3.50%
2/12/2015
2,070

2,145

2,149

 
Federal Natl Mtg Assn 20Yr
4.50%
6/1/2031
958

1,002

1,054

 
Federal Natl Mtg Assn 30 YR
2.38%
4/11/2016
1,894

1,996

1,951

 
Federal Natl Mtg Assn 30 YR
0.88%
8/28/2017
921

920

921

 
Federal Natl Mtg Assn 30 YR
0.88%
10/26/2017
859

859

853

 
Federal Natl Mtg Assn 30 YR
0.88%
5/21/2018
559

553

550

 
Federal Natl Mtg Assn 30 YR
1.88%
9/18/2018
1,646

1,643

1,681

 
Federal Natl Mtg Assn 30 YR
1.63%
11/27/2018
311

310

312

 
Federal Natl Mtg Assn 30 YR
1.88%
2/19/2019
62

61

63

 
Federal Natl Mtg Assn 30 YR
1.75%
6/20/2019
973

973

978

 
Federal Natl Mtg Assn 30 YR
2.63%
9/6/2024
1,190

1,183

1,215

 
Federal Natl Mtg Assn 30Yr
5.50%
5/1/2037
497

541

560

 
Federal Natl Mtg Assn 30Yr
6.00%
9/1/2038
573

621

654

 
Federal Natl Mtg Assn 30Yr
5.50%
6/1/2033
553

597

624

 
Federal Natl Mtg Assn 30Yr
5.50%
10/1/2033
705

761

795

 
Federal Natl Mtg Assn 30Yr
4.00%
12/1/2040
1,472

1,458

1,582

 
Federal Natl Mtg Assn 30Yr
4.00%
1/1/2041
1,930

2,016

2,073

 
Federal Natl Mtg Assn 30Yr
4.50%
2/1/2041
3,640

3,720

3,986

 
Federal Natl Mtg Assn 30Yr
4.00%
2/1/2041
695

689

747

 
Federal Natl Mtg Assn 30Yr
3.00%
10/1/2043
80

78

82

 
Federal Natl Mtg Assn 30Yr
5.00%
12/1/2034
1,301

1,397

1,450


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

71

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Federal Natl Mtg Assn 30Yr
4.50%
5/1/2039
413

442

454

 
Federal Natl Mtg Assn 30Yr
3.50%
8/1/2042
1,747

1,884

1,831

 
Federal Natl Mtg Assn 30Yr
3.00%
12/1/2042
985

993

1,002

 
Federal Natl Mtg Assn 30Yr
3.00%
1/1/2043
1,827

1,886

1,858

 
Federal Natl Mtg Assn 30Yr
3.00%
2/1/2043
1,680

1,597

1,707

 
Federal Natl Mtg Assn 30Yr
3.00%
7/1/2043
1,357

1,287

1,380

 
Federal Natl Mtg Assn 30Yr
3.50%
3/1/2043
1,851

1,982

1,941

 
Federal Natl Mtg Assn 30Yr
3.00%
10/1/2043
623

591

634

 
Federal Natl Mtg Assn 30Yr
3.00%
9/1/2043
425

414

433

 
Federal Natl Mtg Assn 30Yr
3.00%
8/1/2043
986

938

1,003

 
Federal Natl Mtg Assn 30Yr
3.00%
9/1/2043
325

310

331

 
Federal Natl Mtg Assn 30Yr
4.00%
10/1/2043
920

966

987

 
Federal Natl Mtg Assn 30Yr
5.50%
4/1/2034
571

620

644

 
Federal Natl Mtg Assn 30Yr
5.00%
4/1/2034
2,817

2,982

3,136

 
Federal Natl Mtg Assn 30Yr
5.50%
9/1/2034
557

598

629

 
Federal Natl Mtg Assn 30Yr
5.00%
7/1/2035
833

889

927

 
Federal Natl Mtg Assn 30Yr
5.50%
2/1/2035
989

1,067

1,116

 
Federal Natl Mtg Assn 30Yr
6.50%
12/1/2037
436

489

498

 
Federal Natl Mtg Assn 30Yr
6.00%
5/1/2038
1,982

2,157

2,265

 
Federal Natl Mtg Assn 30Yr
6.50%
1/1/2037
908

1,025

1,039

 
Federal Natl Mtg Assn 30Yr
4.00%
9/1/2040
962

1,015

1,033

 
Federal Natl Mtg Assn 30Yr
5.50%
3/1/2038
678

736

764

 
Federal Natl Mtg Assn 30Yr
4.00%
3/1/2039
316

319

340

 
Federal Natl Mtg Assn 30Yr
4.50%
2/1/2041
2,772

2,850

3,035


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

72

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Federal Natl Mtg Assn 30Yr
4.50%
3/1/2041
1,161

1,190

1,271

 
Federal Natl Mtg Assn 30Yr
3.50%
5/1/2042
1,930

1,931

2,023

 
Federal Natl Mtg Assn 30Yr
3.50%
9/1/2042
702

747

735

 
Federal Natl Mtg Assn 30Yr
3.50%
6/1/2042
3,919

3,934

4,106

 
Federal Natl Mtg Assn 30Yr
3.00%
10/1/2042
897

922

913

 
Federal Natl Mtg Assn 30Yr
3.50%
11/1/2042
2,534

2,714

2,655

 
Federal Natl Mtg Assn 30Yr
3.00%
12/1/2042
2,689

2,702

2,735

 
Federal Natl Mtg Assn 30Yr
3.00%
1/1/2043
448

467

456

 
Federal Natl Mtg Assn 30Yr
3.00%
1/1/2043
1,371

1,426

1,394

 
Federal Natl Mtg Assn 30Yr
3.00%
1/1/2043
1,907

1,835

1,940

 
Federal Natl Mtg Assn 30Yr
3.00%
3/1/2043
1,959

2,029

1,991

 
Federal Natl Mtg Assn 30Yr
4.50%
9/1/2039
654

678

718

 
Federal Natl Mtg Assn 30Yr
4.00%
7/1/2040
432

435

466

 
Federal Natl Mtg Assn 30Yr
3.50%
6/1/2039
578

535

606

 
Federal Natl Mtg Assn 30Yr
4.00%
10/1/2040
345

337

371

 
Federal Natl Mtg Assn 30Yr
3.00%
11/15/2042
1,861

1,793

1,915

 
Federal Natl Mtg Assn 30Yr
4.00%
4/20/2042
620

677

669

 
Federal Natl Mtg Assn 30Yr
3.00%
8/20/2042
903

888

927

 
Federal Natl Mtg Assn 30Yr
3.50%
8/20/2042
3,164

3,433

3,337

 
Federal Natl Mtg Assn 30Yr
3.00%
9/20/2042
1,798

1,767

1,847

 
Federal Natl Mtg Assn 30Yr
3.50%
9/20/2042
2,391

2,604

2,522

 
Federal Natl Mtg Assn 30Yr
3.50%
10/20/2042
2,398

2,594

2,530

 
Federal Natl Mtg Assn 30Yr
3.00%
12/20/2042
914

893

938

 
Federal Natl Mtg Assn 30Yr
3.50%
5/20/2043
2,961

3,127

3,123


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

73

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Federal Natl Mtg Assn 30Yr
3.50%
10/20/2043
1,023

1,066

1,080

 
Federal Natl Mtg Assn 30Yr
4.00%
6/20/2044
3,872

4,120

4,168

 
Federal Natl Mtg Assn 30Yr
3.50%
5/15/2043
917

994

967

 
Federal Natl Mtg Assn 30Yr
3.00%
3/15/2043
1,013

994

1,042

 
Fgold 15Yr
4.00%
6/1/2026
1,004

1,049

1,078

 
Fgold 15Yr
4.00%
7/1/2026
560

591

601

 
Fgold 15Yr
2.50%
11/1/2027
828

866

846

 
Fgold 15Yr
2.50%
8/1/2028
934

930

955

 
Fgold 15Yr
3.00%
8/1/2029
1,005

1,044

1,049

 
Fgold 15Yr Giant
3.50%
9/1/2026
312

325

332

 
Fgold 15Yr Tba(Reg B)
2.50%
1/20/2015
1,035

1,047

1,054

 
Fgold 30Yr
3.00%
12/1/2042
1,539

1,498

1,563

 
Fgold 30Yr
3.00%
10/1/2042
960

935

975

 
Fgold 30Yr
3.00%
1/1/2043
2,879

2,799

2,922

 
Fgold 30Yr
4.50%
11/1/2040
375

395

411

 
Fgold 30Yr
4.00%
11/1/2040
958

1,011

1,029

 
Fgold 30Yr
4.00%
12/1/2040
1,982

2,090

2,128

 
Fgold 30Yr
5.00%
8/1/2041
3,632

3,934

4,038

 
Fgold 30Yr
5.00%
7/1/2041
736

797

818

 
Fgold 30Yr Giant
5.50%
1/1/2035
278

303

313

 
Fgold 30Yr Giant
6.00%
9/1/2037
1,015

1,103

1,160

 
Fgold 30Yr Giant
4.50%
6/1/2039
552

591

603

 
Fgold 30Yr Giant
4.00%
11/1/2039
1,029

1,043

1,108

 
Fgold 30Yr Giant
4.50%
12/1/2039
787

828

860


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

74

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Fgold 30Yr Giant
5.50%
1/1/2040
461

500

519

 
Fgold 30Yr Giant
4.00%
12/1/2040
954

1,005

1,024

 
Fgold 30Yr Giant
4.00%
12/1/2040
967

964

1,037

 
Fgold 30Yr Giant
4.00%
2/1/2041
1,607

1,603

1,726

 
Fgold 30Yr Giant
4.50%
4/1/2041
2,379

2,462

2,612

 
Fgold 30Yr Giant
3.00%
6/1/2042
930

953

944

 
Fgold 30Yr Giant
3.50%
9/1/2042
1,791

1,932

1,871

 
Fgold 30Yr Giant
5.50%
6/1/2038
1,852

1,958

2,083

 
Fgold 30Yr Giant
4.50%
10/1/2039
1,788

1,853

1,952

 
Fgold 30Yr Giant
4.50%
11/1/2039
362

383

395

 
Fgold 30Yr Giant
4.00%
1/1/2044
1,859

1,912

1,992

 
Fhms_K033
3.06%
7/25/2023
725

738

750

 
Fhms_K038
3.39%
3/25/2024
2,070

2,154

2,192

 
Fhms_K040
3.24%
9/25/2024
1,604

1,653

1,679

 
Fiserv Inc
3.13%
6/15/2016
259

259

266

 
FN 5/1 12M LIBOR ARM
2.72%
2/1/2041
1,244

1,261

1,310

 
FNA_14-M9
3.10%
7/25/2024
952

962

985

 
Ford Motor Cr Co Llc
5.75%
2/1/2021
921

1,053

1,078

 
Ford Motor Cr Co Llc
2.60%
11/4/2019
476

476

476

 
Freeport Mcmoran Copper & Gold Inc
3.55%
3/1/2022
414

393

396

 
GCCFC_05-GG5
5.22%
4/10/2037
2,070

2,205

2,101

 
GCCFC_07-GG9
5.38%
3/10/2039
872

893

878

 
General Dynamics Corp
2.25%
11/15/2022
476

471

460

 
General Elec Cap Corp
5.63%
5/1/2018
1,035

1,123

1,175


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

75

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
General Elec Cap Corp
4.65%
10/17/2021
207

207

236

 
General Elec Cap Corp
3.10%
1/9/2023
1,439

1,391

1,478

 
General Elec Cap Corp
3.45%
5/15/2024
279

278

290

 
General Mills Inc
5.70%
2/15/2017
673

754

750

 
Georgia Pwr Co
2.85%
5/15/2022
362

361

365

 
Gilead Sciences Inc
4.50%
4/1/2021
528

583

592

 
Gilead Sciences Inc
4.40%
12/1/2021
217

240

240

 
Gilead Sciences Inc
3.70%
4/1/2024
269

269

285

 
Gilead Sciences Inc
3.50%
2/1/2025
145

145

149

 
Glaxosmithkline Cap Inc
2.80%
3/18/2023
72

72

72

 
Goldman Sachs Grp Inc
5.38%
3/15/2020
21

21

23

 
Goldman Sachs Grp Inc
3.85%
7/8/2024
62

62

65

 
Goldman Sachs Grp Inc
6.15%
4/1/2018
1,294

1,407

1,472

 
Goldman Sachs Grp Inc
5.75%
1/24/2022
155

155

184

 
Goldman Sachs Grp Inc
2.38%
1/22/2018
735

740

750

 
Goldman Sachs Grp Inc
3.63%
1/22/2023
362

365

373

 
Goldman Sachs Grp Inc
4.00%
3/3/2024
383

382

402

 
Government Properties Income Tr
3.75%
8/15/2019
124

123

128

 
Govt Natl Mtg Assn 30Yr
4.50%
11/15/2039
963

1,058

1,062

 
Govt Natl Mtg Assn 30Yr
4.50%
4/15/2040
1,679

1,834

1,847

 
Govt Natl Mtg Assn 30Yr
5.00%
5/15/2035
379

420

421

 
Govt Natl Mtg Assn 30Yr Platinum
5.00%
7/15/2039
771

853

860

 
Govt Natl Mtg Assn 30Yr Platinum
5.50%
4/15/2038
389

425

438

 
Govt Natl Mtg Assn 30Yr Platinum
5.50%
6/15/2038
592

647

667


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

76

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Govt Natl Mtg Assn2 15Yr
3.00%
3/20/2027
627

664

660

 
Govt Natl Mtg Assn2 30Yr
5.00%
8/20/2039
457

503

507

 
Govt Natl Mtg Assn2 30Yr
4.50%
5/20/2040
1,862

2,043

2,048

 
Govt Natl Mtg Assn2 30Yr
4.50%
7/20/2040
1,109

1,218

1,219

 
Govt Natl Mtg Assn2 30Yr
4.00%
9/20/2040
1,231

1,340

1,327

 
Govt Natl Mtg Assn2 30Yr
4.00%
10/20/2040
1,856

2,016

2,001

 
Govt Natl Mtg Assn2 30Yr
4.50%
10/20/2040
1,073

1,178

1,181

 
Govt Natl Mtg Assn2 30Yr
4.50%
12/20/2040
1,503

1,649

1,652

 
Govt Natl Mtg Assn2 30Yr
4.00%
2/20/2041
391

412

421

 
Govt Natl Mtg Assn2 30Yr
4.00%
1/20/2041
719

731

775

 
Govt Natl Mtg Assn2 30Yr
4.00%
3/20/2041
1,093

1,156

1,178

 
Govt Natl Mtg Assn2 30Yr
4.00%
4/20/2041
1,433

1,559

1,581

 
Govt Natl Mtg Assn2 30Yr
4.50%
8/20/2041
1,375

1,451

1,513

 
Govt Natl Mtg Assn2 30Yr
4.50%
7/20/2041
473

504

520

 
Govt Natl Mtg Assn2 30Yr Tba(Reg C)
3.50%
1/21/2015
1,035

1,074

1,089

 
Govt Natl Mtg Assn2 30Yr Tba(Reg C)
4.00%
1/21/2015
1,035

1,105

1,112

 
Halliburton Co
3.50%
8/1/2023
580

579

593

 
Hartford Finl Svcs Grp Inc
5.50%
3/30/2020
735

849

841

 
Hewlett Packard Co
4.30%
6/1/2021
352

358

372

 
Home Depot Inc
3.75%
2/15/2024
248

247

269

 
HSBC Bk Usa Na
4.88%
8/24/2020
725

702

812

 
HSBC Fin Corp
6.68%
1/15/2021
238

246

290

 
HSBC Hldgs Plc
5.10%
4/5/2021
124

124

142

 
HSBC Hldgs Plc
4.88%
1/14/2022
549

548

624


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

77

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
IBM Corp
8.38%
11/1/2019
476

674

616

 
Ingersoll Rand Global Hldg Co Ltd
6.88%
8/15/2018
393

473

467

 
Ingersoll Rand Global Hldg Co Ltd
4.25%
6/15/2023
290

295

306

 
International Paper Co
7.95%
6/15/2018
362

434

428

 
International Paper Co
4.75%
2/15/2022
725

796

804

 
Israel St Of
4.00%
6/30/2022
414

410

449

 
Jpmbb_14-C23
3.37%
9/15/2047
2,070

2,091

2,145

 
J.P. Morgan Clearing Corp_05-CB12
4.95%
9/12/2037
259

266

265

 
J.P. Morgan Clearing Corp_05-LDP2
4.78%
7/15/2042
404

413

409

 
J.P. Morgan Clearing Corp_05-LDP4
5.00%
10/15/2042
1,128

1,162

1,155

 
J.P. Morgan Clearing Corp_13-C10
2.88%
12/15/2047
828

837

827

 
J.P. Morgan Chase & Co
6.30%
4/23/2019
1,397

1,566

1,640

 
J.P. Morgan Chase & Co
4.35%
8/15/2021
414

404

457

 
J.P. Morgan Chase & Co
3.25%
9/23/2022
455

456

462

 
J.P. Morgan Chase & Co
3.20%
1/25/2023
590

590

598

 
J.P. Morgan Chase & Co
3.63%
5/13/2024
828

824

852

 
J.P. Morgan Chase & Co
3.88%
9/10/2024
259

258

262

 
J.P. Morgan Chase & Co Inc
3.38%
5/1/2023
176

175

175

 
Kellogg Co
1.75%
5/17/2017
259

258

260

 
Keycorp
5.10%
3/24/2021
145

145

166

 
Kinder Morgan Energy Partners Lp
6.00%
2/1/2017
186

212

206

 
Kinder Morgan Energy Partners Lp
6.85%
2/15/2020
321

406

377

 
Korea Dev Bk
3.88%
5/4/2017
424

422

447

 
Kraft Foods Grp Inc
5.38%
2/10/2020
379

452

438


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

78

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Kroger Co
2.30%
1/15/2019
93

93

94

 
LBUBS_05-C7
5.26%
11/15/2040
756

790

782

 
LG&E & Ku Energy LLC
3.75%
11/15/2020
207

210

217

 
Lloyds Tsb Bk Plc
4.88%
1/21/2016
518

515

550

 
Lyondellbasell Inds Nv
6.00%
11/15/2021
766

898

888

 
Marsh & Mclennan Cos Inc
3.50%
6/3/2024
259

259

258

 
Mastercard Inc
3.38%
4/1/2024
311

310

321

 
Mcdonalds Corp
2.63%
1/15/2022
83

82

84

 
Mcdonalds Corp
1.88%
5/29/2019
228

226

227

 
Mckesson Corp
4.75%
3/1/2021
414

452

465

 
Medtronic Inc
2.75%
4/1/2023
186

179

183

 
Medtronic Inc
3.50%
3/15/2025
963

953

986

 
Merck & Co Inc
3.88%
1/15/2021
1,045

1,066

1,150

 
Metlife Inc
6.75%
6/1/2016
569

659

617

 
Metlife Inc
4.37%
9/15/2023
694

715

757

 
Mexico United Mexican States
5.95%
3/19/2019
1,139

1,258

1,307

 
Mexico United Mexican States
4.00%
10/2/2023
406

404

425

 
Microsoft Corp
3.00%
10/1/2020
31

29

33

 
MLCFC_06-1
5.52%
2/12/2039
911

986

953

 
MLCFC_06-2
5.88%
6/12/2046
166

178

176

 
Merrill Lynch Mortgage Trust_06-C1
5.68%
5/12/2039
2,070

2,291

2,169

 
Merrill Lynch Mortgage Trust_06-C2
5.68%
5/12/2039
559

597

589

 
Molson Coors Brewing Co
2.00%
5/1/2017
166

166

168

 
Monsanto Co
3.38%
7/15/2024
207

207

214


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

79

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Morgan Stanley
3.75%
2/25/2023
1,315

1,295

1,366

 
Morgan Stanley
3.88%
4/29/2024
104

103

106

 
Morgan Stanley
5.50%
7/28/2021
311

266

359

 
Morgan Stanley
5.63%
9/23/2019
776

785

888

 
Morgan Stanley
4.10%
5/22/2023
72

72

74

 
Morgan Stanley
4.88%
11/1/2022
41

42

44

 
Msbam_14-C14
2.92%
2/15/2047
2,691

2,772

2,781

 
MSC_06-HQ9
5.77%
7/12/2044
186

204

199

 
MSC_06-IQ11
5.66%
10/15/2042
104

113

109

 
Mylan Inc
2.55%
3/28/2019
104

103

103

 
Nabors Inds Inc
6.15%
2/15/2018
487

553

518

 
Nabors Inds Inc
4.63%
9/15/2021
248

267

237

 
NBCUniversal Media Llc
5.15%
4/30/2020
414

486

473

 
NBCUniversal Media Llc
2.88%
1/15/2023
228

228

230

 
News Amer Inc
6.90%
3/1/2019
983

1,154

1,182

 
Nisource Fin Corp
6.80%
1/15/2019
197

242

237

 
Noble Energy Inc
8.25%
3/1/2019
290

385

355

 
Noble Energy Inc
4.15%
12/15/2021
290

290

296

 
Nomura Hldgs Inc
2.75%
3/19/2019
921

915

938

 
Norfolk Southern Corp
5.75%
4/1/2018
424

498

483

 
Norfolk Southern Corp
5.90%
6/15/2019
787

909

905

 
Northrop Grumman Corp
5.05%
8/1/2019
569

597

644

 
Novartis Cap Corp
2.40%
9/21/2022
580

575

574

 
Novartis Cap Corp
3.40%
5/6/2024
135

134

141


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

80

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Occidental Petroleum Corp
4.10%
2/1/2021
756

785

815

 
Oneok Partners Lp
8.63%
3/1/2019
569

708

704

 
Oneok Partners Lp
3.38%
10/1/2022
207

206

193

 
Oracle Corp
5.75%
4/15/2018
259

313

295

 
Oracle Corp
5.00%
7/8/2019
342

406

392

 
Oracle Corp
3.88%
7/15/2020
41

44

45

 
Oracle Corp
2.50%
10/15/2022
269

268

264

 
Oracle Corp
2.80%
7/8/2021
518

517

531

 
Pacific Gas & Elec Co
3.85%
11/15/2023
590

589

617

 
Pepsico Inc
5.00%
6/1/2018
1,284

1,410

1,425

 
Petrobras Global Fin Bv
4.38%
5/20/2023
766

757

662

 
Petroleos Mexicanos
3.50%
1/30/2023
238

238

231

 
Petroleos Mexicanos
4.88%
1/18/2024
383

381

406

 
Petroleos Mexicanos
4.25%
1/15/2025
166

164

166

 
Philip Morris Intl Inc
4.50%
3/26/2020
383

439

425

 
Philip Morris Intl Inc
2.63%
3/6/2023
352

345

345

 
Philips Electronics Nv
5.75%
3/11/2018
342

383

385

 
Pnc Fdg Corp
4.38%
8/11/2020
725

711

804

 
Pnc Finl Svcs Grp Inc
3.90%
4/29/2024
114

113

117

 
Principal Finl Grp Inc
1.85%
11/15/2017
176

176

177

 
Procter & Gamble Co
2.30%
2/6/2022
93

92

94

 
Procter & Gamble Co
3.10%
8/15/2023
186

192

194

 
Progress Energy Inc
4.88%
12/1/2019
725

840

804

 
Quest Diagnostics Inc
5.45%
11/1/2015
621

676

649


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

81

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Raytheon Co
3.13%
10/15/2020
207

212

215

 
Raytheon Co
3.15%
12/15/2024
321

319

323

 
Republic Svcs Inc
5.50%
9/15/2019
248

295

284

 
Reynolds Amern Inc
6.75%
6/15/2017
528

609

590

 
Rio Tinto Fin Ltd
3.50%
3/22/2022
21

20

20

 
Rio Tinto Fin Usa Ltd
3.50%
11/2/2020
445

434

464

 
Rio Tinto Fin Usa Plc
1.38%
6/17/2016
507

506

510

 
Rock Tenn Co
4.90%
3/1/2022
135

145

147

 
Rogers Comm Inc
6.80%
8/15/2018
311

366

367

 
Rogers Comm Inc
3.00%
3/15/2023
145

145

142

 
Royal Bk Of Scotland Grp Plc
6.40%
10/21/2019
362

360

425

 
Royal Bk Of Scotland Plc
6.13%
1/11/2021
362

359

437

 
Safeway Inc
3.95%
8/15/2020
238

232

244

 
San Diego Gas & Elec Co
3.60%
9/1/2023
145

151

154

 
Schlumberger Investment Sa
3.65%
12/1/2023
145

144

152

 
Shell Intl Fin Bv
4.30%
9/22/2019
476

538

528

 
Shell Intl Fin Bv
4.38%
3/25/2020
155

173

172

 
Shell Intl Fin Bv
2.00%
11/15/2018
2,805

2,825

2,832

 
Simon Property Grp Lp
6.13%
5/30/2018
621

690

710

 
Southern Ca Edison Co
3.50%
10/1/2023
424

423

450

 
Svenska Handelsbanken Ab
2.50%
1/25/2019
518

518

533

 
Synchrony Finl
4.25%
8/15/2024
228

228

237

 
Sysco Corp
3.50%
10/2/2024
652

649

677

 
Teva Pharmaceutical Fin Co Bv
2.95%
12/18/2022
600

599

585


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

82

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Time Warner Cable Inc
5.85%
5/1/2017
207

237

228

 
Time Warner Cable Inc
8.75%
2/14/2019
279

380

355

 
Time Warner Cable Inc
5.00%
2/1/2020
62

72

70

 
Time Warner Inc
4.75%
3/29/2021
590

590

651

 
Time Warner Inc
4.00%
1/15/2022
52

51

55

 
Total Cap Intl Sa
2.88%
2/17/2022
497

496

497

 
Total Cap Intl Sa
2.70%
1/25/2023
290

279

284

 
Toyota Motor Cr Corp
2.63%
1/10/2023
445

442

447

 
Transocean Inc
2.50%
10/15/2017
186

187

166

 
Travelers Cos Inc
5.80%
5/15/2018
580

636

659

 
US Treasury Note
1.25%
11/30/2018
11,666

11,520

11,597

 
US Treasury Note
2.00%
11/30/2020
18,570

18,448

18,765

 
US Treasury Note
2.25%
3/31/2021
5,165

5,237

5,303

 
US Treasury Note
1.63%
4/30/2019
11,945

11,956

12,019

 
US Treasury Note
2.38%
8/15/2024
2,018

2,024

2,074

 
US Treasury Note
0.88%
10/15/2017
497

497

496

 
US Treasury Note
2.25%
11/15/2024
3,064

3,072

3,094

 
US Treasury Note
1.50%
11/30/2019
1,366

1,359

1,360

 
US Treasury Note
1.00%
12/15/2017
2,122

2,118

2,118

 
US Treasury Note
2.13%
12/31/2021
3,685

3,720

3,722

 
US Treasury Note
1.63%
12/31/2019
3,913

3,906

3,907

 
US Treasury Note
0.63%
12/31/2016
12,815

12,798

12,798

 
US Treasury Note
3.50%
2/15/2018
7,629

8,312

8,276

 
US Treasury Note
2.38%
7/31/2017
1,801

1,878

1,884


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

83

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
US Treasury Note
1.88%
9/30/2017
4,192

4,316

4,310

 
US Treasury Note
2.63%
11/15/2020
10,144

10,472

10,623

 
US Treasury Note
1.38%
11/30/2015
7,991

8,211

8,081

 
US Treasury Note
2.63%
1/31/2018
5,559

5,803

5,866

 
US Treasury Note
1.75%
5/31/2016
7,360

7,576

7,505

 
US Treasury Note
2.38%
5/31/2018
3,540

3,673

3,677

 
US Treasury Note
1.50%
8/31/2018
11,076

11,085

11,186

 
US Treasury Note
1.00%
10/31/2016
3,623

3,652

3,655

 
US Treasury Note
0.88%
11/30/2016
4,720

4,747

4,745

 
US Treasury Note
0.88%
12/31/2016
13,312

13,359

13,362

 
US Treasury Note
1.00%
3/31/2017
5,548

5,568

5,586

 
US Treasury Note
0.63%
5/31/2017
12,318

12,298

12,254

 
US Treasury Note
0.63%
8/31/2017
2,588

2,550

2,569

 
US Treasury Note
0.63%
9/30/2017
2,702

2,683

2,677

 
US Treasury Note
0.25%
12/15/2015
11,179

11,177

11,182

 
US Treasury Note
0.88%
1/31/2018
8,674

8,585

8,637

 
US Treasury Note
0.75%
2/28/2018
1,511

1,479

1,495

 
US Treasury Note
0.63%
8/15/2016
4,741

4,748

4,760

 
US Treasury Note
2.13%
8/31/2020
11,552

11,549

11,840

 
US Treasury Note
0.88%
9/15/2016
4,472

4,495

4,507

 
US Treasury Note
0.63%
11/15/2016
8,643

8,630

8,651

 
TVA
3.88%
2/15/2021
518

514

578

 
TVA
2.88%
9/15/2024
373

369

380

 
Tyco Electronics Grp Sa
6.55%
10/1/2017
197

239

224


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

84

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Tyco Intl Fin Sa
8.50%
1/15/2019
248

323

313

 
Tyson Foods Inc
3.95%
8/15/2024
300

299

315

 
Ubs Ag Stamford
2.38%
8/14/2019
518

517

522

 
Unilever Cap Corp
4.25%
2/10/2021
487

485

547

 
Union Pacific Corp
4.00%
2/1/2021
217

230

242

 
United Parcel Svc Inc
5.13%
4/1/2019
300

351

341

 
United Parcel Svc Inc
3.13%
1/15/2021
290

300

306

 
United Technologies Corp
3.10%
6/1/2022
114

115

116

 
Unitedhealth Grp Inc
6.00%
2/15/2018
41

48

47

 
Unitedhealth Grp Inc
4.70%
2/15/2021
248

270

284

 
Unitedhealth Grp Inc
1.40%
10/15/2017
228

227

228

 
Unitedhealth Grp Inc
2.88%
3/15/2023
352

350

352

 
Verizon Comms Inc
4.60%
4/1/2021
455

452

499

 
Verizon Comms Inc
5.15%
9/15/2023
2,018

2,016

2,259

 
Viacom Inc
5.63%
9/15/2019
300

357

342

 
Viacom Inc
3.13%
6/15/2022
207

204

201

 
Wal Mart Stores Inc
5.38%
4/5/2017
228

269

252

 
Wal Mart Stores Inc
5.80%
2/15/2018
1,066

1,262

1,228

 
Walt Disney Co
2.75%
8/16/2021
300

296

308

 
Walt Disney Co
1.10%
12/1/2017
197

196

196

 
Waste Mgmt Inc
4.60%
3/1/2021
166

179

186

 
Waste Mgmt Inc
4.75%
6/30/2020
186

211

204

 
Waste Mgmt Inc
2.90%
9/15/2022
93

92

93

 
Watson Pharmaceuticals Inc
6.13%
8/15/2019
321

389

371


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

85

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
Watson Pharmaceuticals Inc
3.25%
10/1/2022
393

391

387

 
Wachovia Bank Comm Mtg Trust_05-C17
5.22%
3/15/2042
228

240

228

 
Wachovia Bank Comm Mtg Trust_05-C20
5.18%
7/15/2042
104

106

106

 
Wachovia Bank Comm Mtg Trust_05-C22
5.27%
12/15/2044
2,206

2,363

2,261

 
Wachovia Bank Comm Mtg Trust_06-C25
5.72%
5/15/2043
476

549

501

 
Wachovia Bank Comm Mtg Trust_06-C27
5.77%
7/15/2045
226

245

237

 
Wachovia Bank Comm Mtg Trust_06-C28
5.57%
10/15/2048
291

330

309

 
Weatherford Intl Ltd
9.63%
3/1/2019
414

542

505

 
Weatherford Intl Ltd
5.13%
9/15/2020
197

215

196

 
Wellpoint Inc
3.13%
5/15/2022
859

826

862

 
Wells Fargo & Co
5.63%
12/11/2017
1,449

1,608

1,611

 
Wells Fargo & Co
4.13%
8/15/2023
31

31

33

 
Western Gas Partners Lp
4.00%
7/1/2022
166

171

171

 
WFRBS_14-LC14
2.86%
3/15/2047
725

747

745

 
Williams Partners Lp
4.30%
3/4/2024
631

631

639

 
Wyeth Llc
5.45%
4/1/2017
869

984

964

 
Xerox Corp
2.95%
3/15/2017
228

228

236

 
XTO Energy Inc
5.50%
6/15/2018
259

313

292

 
Xylem Inc
4.88%
10/1/2021
352

383

385

 
Wrapper
 
 
 

(233
)
 
Fair value of contract
 
 
 
633,067

640,748

 
Total synthetic GICs
 
 
 
1,890,640

1,978,853

 
Total GICs (including wrapper contracts)
 
 
 
2,344,256

2,439,487

 
Total investments
 
 
 
$
25,796,448

$
30,620,566


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

86

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2014


 
 
Interest
Maturity
 Number of
 Cost
 Current
 
Identity of issue
rate
date
 shares/units
 value
 value
 
 
 
 
 
 
 
 
Loans receivable from participants
 
 
 
 
 
 
533 loans carrying an interest rate of 4.25% with maturities up to 19 years
 
 
 
$

$
2,333,876

 
Total
 
 
 
$
25,796,448

$
32,954,442

 
 
 
 
 
 
 


*Party-in-interest, as defined by ERISA
See accompanying Report of Independent Registered Public Accounting Firm

87


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

CITIBUILDER 401(k) PLAN FOR PUERTO RICO
                        

By: /s/ J. Michael Murray
J. Michael Murray
Global Head of Human Resources

                        


Date: June 12, 2015


88