Note 2 — Investments

Seaboard’s short-term investments are treated as either available-for-sale securities or trading securities. All of Seaboard’s available-for-sale and trading securities are classified as current assets as they are readily available to support Seaboard’s current operating needs. Available-for-sale securities are recorded at their estimated fair value with unrealized gains and losses reported, net of tax, as a separate component of accumulated other comprehensive loss. Trading securities are recorded at their estimated fair value with unrealized gains and losses reflected in other investment income (loss), net. At July 4, 2015, money market funds included $969,000 denominated in British pounds and $560,000 denominated in Canadian dollars.

The following is a summary of the amortized cost and estimated fair value of short-term investments for both available-for-sale and trading securities at July 4, 2015 and December 31, 2014.

	2015				2014
	Amortized		Fair		Amortized		Fair
(Thousands of dollars)	Cost		Value		Cost		Value
Money market funds	$	266,106	$	266,106	$	142,432	$	142,432
Corporate bonds	12,540		12,538		11,000		11,015
U.S. Government agency securities	9,437		9,480		9,684		9,666
Other available-for-sale investments	3,685		3,706		3,933		3,983

Total available-for-sale short-term investments	291,768		291,830		167,049		167,096

High yield trading debt securities	162,196		159,798		187,491		181,483
Equity mutual fund	86,309		84,557		83,809		82,542
Domestic equity ETF	59,155		61,914		31,307		32,651
Money market funds held in trading accounts	23,618		23,618		21,401		21,401
Other trading investments	5,719		4,820		6,173		5,393

Total trading short-term investments	336,997		334,707		330,181		323,470

Total short-term investments	$	628,765	$	626,537	$	497,230	$	490,566

The following table summarizes the estimated fair value of fixed rate securities designated as available-for-sale classified by the contractual maturity date of the security as of July 4, 2015.

(Thousands of dollars)	2015
Due within one year	$	980
Due after one year through three years	9,841
Due after three years	12,542

Total fixed rate securities	$	23,363

In addition to its short-term investments, Seaboard also has trading securities related to Seaboard’s deferred compensation plans classified in other current assets in the Condensed Consolidated Balance Sheets. See Note 5 to the Condensed Consolidated Financial Statements for information on the types of trading securities held related to the deferred compensation plans.