Duke Energy Corp.
($ millions)
Total assets 4,896
Defined benefit 2,781
401(k)/457 2,115
Employer DB contributions 0
Benefit payments 159
Total DC contributions 117
The fund uses:
Stock index futures
Fixed-income futures
Defined benefit asset mix:
Domestic stocks 43.2%
Foreign stocks 19.2%
Domestic fixed income 37.5%
Cash equivalents 0.1%
Defined contribution asset mix:
Company stock 78.8%
Other stock 15.4%
Fixed income 1.8%
Cash equivalents 4.0%
CHARLOTTE, N.C. -- As of Sept. 30, Duke Energy Corp.'s total employee benefit assets increased 8.8% from a year earlier. Defined benefit assets decreased 0.7% during the same period; defined contribution assets increased 24.4%.
Employer contributions to the defined benefit plan remained at 0; benefits paid increased 32.5%
Defined benefit managers:
Domestic equities: DePrince, Race; Alliance; Turner; BGI; Peachtree; Fayez Sarofim; RhumbLine; Numeric; GlobeFlex; Aronson.
International equities: PanAgora; Capital Guardian; Clay Finlay; Templeton.
Domestic fixed-income: BGI; J.P. Morgan; Miller, Anderson.
Defined contribution managers:
Domestic equities: Dreyfus; BGI; Smith Barney; Vanguard.
International equities: American Funds, BGI.
Domestic fixed-income: Kemper, BGI.
Balanced: American Century.
The defined benefit plan's master trustee/custodian and global custodian is Northern Trust. The defined contribution plan's master trustee/custodian is Wachovia Bank/Northern Trust.
The key person overseeing the investment management of both plans is Jeffrey L. French, director, long-term investments.
E.I. du Pont de Nemours
($ millions)
Total assets 30,655
Defined benefit 16,933
Total defined contribution 13,722
401(k)/457 4,672
Employer DB contributions 22
Benefit payments 1,121
Total DC contributions 400
Internally managed assets:
Defined benefit 16,933
Defined contribution 490
The fund uses:
Bond options
Stock index futures
Fixed-income futures
Managed futures
Defined benefit asset mix:
Domestic stocks 38.0%
Foreign stocks 23.0%
Domestic fixed income 24.0%
Foreign fixed income 5.0%
Private equity 5.0%
Real estate equity 5.0%
Defined contribution asset mix:
Company stock 20.8%
Other stock 20.3%
Stable value 57.0%
Loan fund 1.9%
WILMINGTON, Del. -- As of Sept. 30, E.I. du Pont de Nemours & Co.'s total employee benefit assets decreased 4.8% from a year earlier. Defined benefit assets decreased 7.1% during the same period. Defined contribution assets decreased 1.7% from those reported as of July 31.
Employer contributions to the defined benefit plan increased 10%; benefits paid decreased 2.4%.
During the past year, the fund, in partnership with DRA Realty Advisors, paid $210 million for a national community shopping center portfolio.
Defined contribution managers:
Domestic equities: Merrill Lynch; Fidelity; AIM; Templeton; Franklin; Janus.
International equities: Templeton; Hotchkis & Wiley; Merrill Lynch.
Domestic fixed-income: Wellington; Jennison; PIMCO; Western Asset; State Street; Aeltus; Brundage; Loomis; J.P. Morgan.
International fixed-income: PIMCO.
The defined benefit master trustee/custodian is Wilmington Trust Co. The global custodian for the defined benefit plan is Bankers Trust. The defined contribution master trustee/custodian is Merrill Lynch. The global custodian for the defined contribution plan is Merrill Lynch.
Key personnel overseeing the investment management of the fund are Edward J. Bassett, vice president; Thomas D. Croft, director, global fixed income; and George J. Saxon, director, global equities. Overseeing the defined contribution plan are Mr. Bassett; Paul Bosse, director, asset allocation; and Michael Wyatt, portfolio manager, savings plan.
Eastman Kodak Co.
($ millions)
Total assets* 12,921
Defined benefit 7,827
401(k)/457 5,095
Employer DB contributions 0
Benefit payments 802
Total DC contributions 164
*P&I estimate
Internally managed assets:
Defined contribution 3,100
The fund uses:
Stock options
Bond options
Stock index futures
Fixed-income futures
Short selling
Managed futures
Defined benefit asset mix:
Domestic stocks 32%
Foreign stocks 19%
Domestic fixed income 11%
Foreign fixed income 7%
Cash equivalents 2%
Private equity 8%
Real estate equity 8%
Defined contribution asset mix:
Company stock 9%
Other stock 28%
Fixed income 1%
GICs/BICs 62%
ROCHESTER, N.Y. -- As of Sept. 30, Pensions & Investments estimates the employee benefit assets of Eastman Kodak Co. totaled $12.921 billion. The estimate is based on the $12,470 billion the company reported as of Dec. 31, 1997, to P&I.
Defined benefit managers:
Domestic equities: Sanford C. Bernstein; Fidelity; Rosenberg; First Pacific; Neuberger Berman; TCW; WRM Equity.
International equities: Templeton; Morgan Stanley; GMO; Acadian; Tiger; First Quadrant; PanAgora; Emerging Markets; Capital International.
Domestic fixed-income: PIMCO; State Street; Smith Breeden.
International fixed-income: Bridgewater; Alliance; Fidelity; Scudder.
Real estate: AEW; Westmark; Cabot; Lend Lease; Schroder; GE; KB; Heitman.
Other managers: Wyser-Pratte; Baker Nye; Forest Fulcrum; M.D. Sass; Horsley; Bridge; Forstmann Little; Recovery Equity; AIF; TCW; J.P. Morgan; HSBC; HEV; Lazard Freres; Prudential Asia; First Reserve; RII; Morgan; Brinson; Merrill Lynch.
Defined contribution managers: Fidelity; RogersCasey; Frank Russell; PIMCO; Miller Anderson; T. Rowe Price; Putnam; PBHG; Skyline; MFS; Cohen and Steers; First Eagle; Morgan Stanley; Acorn; State Street Global; Templeton; Colonial Newport; Scudder.
The master trustee/custodian and global custodian for both the defined benefit and defined contribution plan is Mellon Trust.
Key personnel overseeing the investment management of the fund are Russell L. Olson, director pension investments worldwide; and Robert D. Spooner and Kathleen M. Mandel, managers, pension investments.
