Annual Investment Report

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CalPERS 2014-2015 Annual Investment Report US Corporate Bonds Security Name Rate Maturity Date Par Value Book Value Market Value L BRANDS INC 8.50 06/15/19 2,949,000 2,908,901 3,477,962 L BRANDS INC 5.63 02/15/22 484,525 484,525 509,963 L BRANDS INC 7.00 05/01/20 407,001 420,093 460,929 L.A. ARENA FUNDING, LLC 7.66 12/15/26 21,329,448 19,978,326 23,481,244 LA FRONTERA GENERATION LLC 0.01 09/30/20 3,995,789 4,028,988 3,960,826 LA QUINTA INTERMEDIATE HLDGS 0.01 04/14/21 5,060,258 5,052,602 5,050,795 LADDER CAP FIN LLLP/CORP 7.38 10/01/17 702,561 723,521 732,420 LAMAR MEDIA CORP 5.00 05/01/23 6,635,250 6,575,775 6,552,309 LAMAR MEDIA CORP 5.38 01/15/24 3,440,500 3,512,687 3,479,206 LANDRY S HOLDINGS II INC 10.25 01/01/18 2,204,589 2,282,860 2,287,261 LANDRY S INC 9.38 05/01/20 1,870,267 1,927,776 2,005,861 LANDRYS INC 0.01 04/24/18 3,974,970 4,007,675 3,981,609 LANDS END INC 0.01 04/04/21 6,510,382 6,449,034 6,217,415 LAREDO PETROLEUM INC 5.63 01/15/22 3,020,417 3,009,462 2,990,213 LAREDO PETROLEUM INC 7.38 05/01/22 1,358,211 1,346,677 1,429,517 LAREDO PETROLEUM INC 6.25 03/15/23 2,016,150 2,030,333 2,051,432 LBC TANK TERMINAL HLDING 6.88 05/15/23 193,810 193,810 200,109 LBG CAPITAL NO.1 PLC 8.00 12/29/49 38,762 41,396 44,382 LBI HF 0.00 08/25/09 3,330,000 337,467 374,625 LEAR CORP 4.75 01/15/23 4,915,000 4,894,021 4,841,275 LEAR CORP 5.38 03/15/24 532,978 532,978 540,972 LEARFIELD COMMUNICATIONS INC 0.01 10/09/20 4,939,778 4,961,032 4,933,603 LEARFIELD COMMUNICATIONS INC 0.01 10/09/21 1,493,511 1,496,000 1,502,845 LEE ENTERPRISES INC 9.50 03/15/22 1,841,195 1,884,907 1,873,416 LEHMAN BRTH HLD 7.50 05/11/38 327,163,907 45,883,988 6,546,550 LEHMAN BRTH HLD 6.50 07/19/17 1,140,000 - - LEHMAN BRTH HLD ESCROW 1.00 11/30/56 4,950,000 - - LENNAR CORP 4.75 11/15/22 3,900,799 3,849,600 3,832,535 LENNAR CORP 6.95 06/01/18 1,335,351 1,464,249 1,465,548 LESLIES POOLMART INC 0.01 10/16/19 6,874,869 6,897,264 6,876,519 LEVEL 3 COMMUNICATIONS 5.75 12/01/22 1,616,965 1,616,965 1,604,838 LEVEL 3 FINANCING INC 7.00 06/01/20 8,109,750 8,567,053 8,606,472 LEVEL 3 FINANCING INC 0.01 01/15/20 5,974,044 5,992,713 5,972,192 LEVEL 3 FINANCING INC 0.01 08/01/19 3,982,696 3,990,164 3,982,696 LEVEL 3 FINANCING INC 5.38 08/15/22 2,862,371 2,838,206 2,890,995 LEVEL 3 FINANCING INC 5.63 02/01/23 1,855,145 1,855,145 1,873,696 LEVEL 3 FINANCING INC 5.13 05/01/23 983,000 983,000 961,497 LEVEL 3 FINANCING INC 6.13 01/15/21 436,073 439,993 457,309 LEVEL 3 FINANCING INC 3.91 01/15/18 411,846 411,846 413,905 LEVEL 3 FINANCING INC. 0.01 05/31/22 5,934,463 5,976,407 5,888,708 LEVI STRAUSS + CO 6.88 05/01/22 1,966,000 2,059,682 2,098,705 LIBERTY CABLEVISION PUERTO RI 0.01 01/07/22 1,145,025 1,143,594 1,141,212 LIBERTY CABLEVISION PUERTO RI 0.01 07/07/23 248,919 247,674 248,919 LIBERTY MUTUAL GROUP INC 6.50 05/01/42 35,708,155 37,759,094 41,668,275 LIBERTY MUTUAL GROUP INC 4.25 06/15/23 8,010,208 8,265,534 8,237,738 LIFEPOINT HEALTH INC 5.50 12/01/21 7,950,256 8,151,889 8,208,640 LIGHT TOWER RENTALS INC 8.13 08/01/19 363,394 365,609 297,983 LIN TELEVISION CORP 6.38 01/15/21 242,263 242,263 247,713 LINCOLN NATIONAL CORP 7.00 06/15/40 31,847,814 35,998,458 39,693,908 LINCOLN NATIONAL CORP 6.25 02/15/20 16,406,450 16,703,714 18,822,169 LINCOLN NATIONAL CORP 6.30 10/09/37 14,476,279 14,885,330 16,830,753 LINN ENERGY LLC/FIN CORP 7.75 02/01/21 4,213,287 3,455,802 3,275,831 LINN ENERGY LLC/FIN CORP 8.63 04/15/20 3,367,449 2,948,930 2,762,015 LINN ENERGY LLC/FIN CORP 6.25 11/01/19 2,993,779 2,624,231 2,342,632 LIVE NATION ENTERTAINMEN 5.38 06/15/22 896,371 901,414 896,371
CalPERS 2014-2015 Annual Investment Report US Corporate Bonds Security Name Rate Maturity Date Par Value Book Value Market Value LLOYDS BANK PLC 3.50 05/14/25 33,777,984 33,688,649 33,046,995 LLOYDS BANK PLC 6.50 09/14/20 27,022,388 27,245,634 31,146,139 LLOYDS BANKING GROUP PLC 4.50 11/04/24 24,127,132 23,999,732 24,063,600 LLOYDS BANKING GROUP PLC 5.92 09/29/49 460,299 323,508 457,997 LLOYDS BANKING GROUP PLC 7.50 04/30/49 387,620 417,710 399,249 LOCKHEED MARTIN CORP 4.85 09/15/41 19,991,741 21,394,643 20,802,484 LOCKHEED MARTIN CORP 4.07 12/15/42 7,539,246 7,301,393 7,130,857 LONESTAR RESOURCES AMERI 8.75 04/15/19 363,394 363,394 296,166 LONGHORN A 1.00 11/01/27 539,000,124 538,169,694 655,369,636 LONGHORN B MULTI STRATEGY CRDT 1.00 11/01/27 130,407,539 130,040,353 156,734,503 LONGVIEW POWER LLC 0.01 04/13/21 2,937,238 2,907,866 2,951,924 LOUISIANA PACIFIC CORP 7.50 06/01/20 48,453 52,118 51,602 LPL HLDGS INC 0.01 03/29/19 4,953,035 4,891,122 4,937,581 LS NEWCO PTY LTD. 0.01 05/21/22 1,543,295 1,527,862 1,549,082 LS POWER FUNDING 8.08 12/30/16 8,396,531 8,441,999 8,816,358 LTF MERGER SUB INC 8.50 06/15/23 3,318,954 3,302,370 3,202,790 LTF MERGER SUB INC. 0.01 06/10/22 3,634,210 3,616,039 3,605,136 LTS BUYER LLC 0.01 04/11/20 4,359,514 4,394,236 4,330,916 LUNDIN MINING CORP 7.50 11/01/20 983,000 1,011,908 1,059,183 LUNDIN MINING CORP 7.88 11/01/22 266,489 266,489 285,143 LYB INTL FINANCE BV 5.25 07/15/43 6,755,597 6,566,408 6,862,986 M / A COM TECHNOLOGY SOLUTIONS 0.01 05/07/21 6,213,348 6,236,005 6,197,814 MACDERMID INC 0.01 06/07/20 4,262,707 4,281,923 4,268,035 MACDERMID INC 0.01 06/07/20 2,482,946 2,523,294 2,490,917 MACQUARIE GROUP LTD 7.63 08/13/19 23,162,046 23,639,082 27,074,209 MACYS RETAIL HLDGS INC 4.38 09/01/23 4,825,426 4,853,207 5,069,421 MACYS RETAIL HLDGS INC 2.88 02/15/23 4,825,426 4,751,055 4,630,025 MAGIC NEWCO LLC 0.01 12/12/18 5,297,676 5,333,891 5,299,001 MALLINCKRODT FIN/SB 5.50 04/15/25 920,598 920,598 892,980 MALLINCKRODT FIN/SB 5.75 08/01/22 463,206 463,831 473,628 MALLINCKRODT FIN/SB 4.88 04/15/20 193,810 193,810 197,211 MANITOWOC COMPANY INC 5.88 10/15/22 290,715 295,826 313,245 MARATHON OIL CORP 6.80 03/15/32 11,527,944 12,514,468 13,537,655 MARATHON PETROLEUM CORP 6.50 03/01/41 9,650,853 10,102,479 10,783,449 MARFRIG HOLDING EUROPE B 6.88 06/24/19 387,620 390,408 369,208 MARKWEST ENERGY PART/FIN 4.88 12/01/24 3,888,850 3,937,842 3,801,351 MARKWEST ENERGY PART/FIN 4.50 07/15/23 1,729,967 1,730,908 1,695,368 MASONITE INTERNATIONAL C 5.63 03/15/23 2,064,300 2,081,387 2,097,845 MASS MUTUAL LIFE INS CO 8.88 06/01/39 56,457,488 64,661,580 84,620,516 MASTERCARD INC 3.38 04/01/24 40,620,439 40,624,172 41,207,014 MATADOR RESOURCES CO 6.88 04/15/23 886,390 886,390 905,226 MATTAMY GROUP CORP 6.50 11/15/20 387,620 386,451 374,053 MATTRESS HLDG CORP 0.01 10/20/21 6,898,264 6,931,181 6,938,481 MBIA INC 7.15 07/15/27 193,810 208,224 178,305 MBIA INSURANCE CO 11.49 01/15/33 799,466 656,173 379,746 MCGRAW HILL FINANCIAL IN 4.00 06/15/25 14,476,279 14,369,344 14,461,962 MDC PARTNERS INC 6.75 04/01/20 3,699,425 3,759,962 3,685,552 MEDIA GEN INC 0.01 07/31/20 4,337,483 4,342,151 4,333,406 MEDIACOM BRDBND LLC/CORP 6.38 04/01/23 2,377,846 2,401,258 2,377,846 MEDIACOM BRDBND LLC/CORP 5.50 04/15/21 242,263 242,263 236,206 MEDPACE HLDGS INC 0.01 04/01/21 3,084,513 3,095,607 3,086,456 MEG ENERGY CORP 6.38 01/30/23 5,617,561 5,728,043 5,196,244 MEG ENERGY CORP 0.01 03/31/20 3,885,297 3,886,304 3,802,035 MEG ENERGY CORP 7.00 03/31/24 702,561 663,898 673,581 MEG ENERGY CORP 6.50 03/15/21 460,299 436,310 443,038
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Annual Investment Report Fiscal Yea
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Chief Investment Officer’s Letter
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CalPERS 2014-2015 Annual Investment
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California Public Employees’ Reti
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