SECURITIES AND EXCHANGE COMMISSION
|
|||
Washington, D.C. 20549
|
|||
(Mark One)
|
|||
FORM 11-K
|
|||
☒
|
ANNUAL REPORT PURSUANT TO SECTION 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
|
||
For the fiscal year ended December 31, 2015
|
|||
OR
|
|||
☐
|
TRANSITION REPORT PURSUANT TO SECTION 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
|
||
For the transition period from to
|
|||
Commission File Number:1-8610
|
|||
A. Full title of the plan and the address of the plan, if different from that of the issuer named below:
|
|||
BELLSOUTH SAVINGS AND SECURITY PLAN
|
|||
B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
|
|||
AT&T INC.
|
|||
208 S. Akard, Dallas, Texas 75202
|
Financial Statements, Supplemental Schedule and Exhibit
|
|
Table of Contents
|
|
Page
|
|
Report of Independent Registered Public Accounting Firm
|
1
|
Financial Statements:
|
|
Statements of Net Assets Available for Benefits as of December 31, 2015 and 2014
|
2
|
Statement of Changes in Net Assets Available for Benefits for the Year Ended December 31, 2015
|
3
|
Notes to Financial Statements
|
4
|
Supplemental Schedule:
|
|
Schedule H, Line 4(i) – Schedule of Assets (Held at End of Year) as of December 31, 2015
|
16
|
Exhibit:
|
|
23 – Consent of Independent Registered Public Accounting Firm
|
23
|
BELLSOUTH SAVINGS AND SECURITY PLAN
|
||||||||
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
|
||||||||
(Dollars in Thousands)
|
||||||||
December 31,
|
||||||||
2015
|
2014
|
|||||||
ASSETS
|
||||||||
Investment in AT&T Savings Group Investment Trust
|
$
|
621,259
|
$
|
632,821
|
||||
Investments, at fair value
|
1,618,132
|
1,698,911
|
||||||
Total Investments (See Note 4)
|
2,239,391
|
2,331,732
|
||||||
Notes receivable from participants
|
65,809
|
64,110
|
||||||
Participant contributions receivable
|
2,164
|
-
|
||||||
Employer contributions receivable
|
666
|
-
|
||||||
Interest receivable
|
420
|
458
|
||||||
Total Receivables
|
69,059
|
64,568
|
||||||
Total Assets
|
2,308,450
|
2,396,300
|
||||||
LIABILITIES
|
||||||||
Administrative expenses payable
|
809
|
801
|
||||||
Due to broker for securities purchased
|
14,160
|
27,276
|
||||||
Total Liabilities
|
14,969
|
28,077
|
||||||
Net Assets Available for Benefits
|
$
|
2,293,481
|
$
|
2,368,223
|
||||
See Notes to Financial Statements.
|
BELLSOUTH SAVINGS AND SECURITY PLAN
|
||||
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
|
||||
FOR THE YEAR ENDED DECEMBER 31, 2015
|
||||
(Dollars in Thousands)
|
||||
Net Assets Available for Benefits, December 31, 2014
|
$
|
2,368,223
|
||
Additions to Net Assets:
|
||||
Contributions:
|
||||
Participant contributions
|
69,433
|
|||
Employer contributions
|
22,984
|
|||
Rollover contributions
|
6,580
|
|||
98,997
|
||||
Investment Income:
|
||||
Net income from investment in AT&T Savings Group Investment Trust
|
14,505
|
|||
Interest
|
1,624
|
|||
Dividends
|
59,498
|
|||
75,627
|
||||
Interest income on notes receivable from participants
|
2,702
|
|||
Total Additions
|
177,326
|
|||
Deductions from Net Assets:
|
||||
Distributions
|
222,820
|
|||
Net depreciation in fair value of investments
|
27,857
|
|||
Administrative expenses
|
1,391
|
|||
Total Deductions
|
252,068
|
|||
Net decrease
|
(74,742
|
)
|
||
Net Assets Available for Benefits, December 31, 2015
|
$
|
2,293,481
|
||
See Notes to Financial Statements.
|
· AT&T Shares Fund
|
· DFA U.S. Small Cap Value Portfolio
|
· Bond Fund
|
· DFA International Value Portfolio II
|
· Vanguard Growth Index Fund
|
· DFA U.S. Large Cap Value Portfolio II
|
· Fidelity Growth and Income Portfolio
|
· T. Rowe Price Mid-Cap Growth Fund
|
· Balanced Fund
|
· Indexed Stock Fund
|
· LifePath Funds (based on retirement date)
|
· Interest Income Fund (known as the AT&T
Stable Value Fund) *
|
Level 1 | Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Plan has the ability to access. |
Level 2 | Inputs to the valuation methodology include: |
·
|
Quoted prices for similar assets and liabilities in active markets;
|
·
|
Quoted prices for identical or similar assets or liabilities in inactive markets;
|
·
|
Inputs other than quoted market prices that are observable for the asset or liability;
|
·
|
Inputs that are derived principally from or corroborated by observable market data by correlation or other means.
|
Level 3 | Inputs to the valuation methodology are unobservable and significant to the fair value measurement. |
|
Plan Assets at Fair Value as of December 31, 2015
|
|||||||||||||||
|
Level 1
|
Level 2
|
Level 3
|
Total
|
||||||||||||
AT&T common stock
|
$
|
430,786
|
$
|
-
|
$
|
-
|
$
|
430,786
|
||||||||
Mutual funds or exchange-traded funds
|
811,905
|
-
|
-
|
811,905
|
||||||||||||
U.S. government securities
|
3,405
|
64,270
|
-
|
67,675
|
||||||||||||
Corporate debt instruments
|
-
|
22,119
|
-
|
22,119
|
||||||||||||
Municipal debt instruments
|
-
|
9,020
|
-
|
9,020
|
||||||||||||
Futures
|
(8
|
)
|
-
|
-
|
(8
|
)
|
||||||||||
Total assets in fair value hierarchy
|
$
|
1,246,088
|
$
|
95,409
|
$
|
-
|
$
|
1,341,497
|
||||||||
Investments measured at net asset value:
|
||||||||||||||||
Index stock fund1
|
151,386
|
|||||||||||||||
Blended equity & debt2
|
103,601
|
|||||||||||||||
Bond index fund3
|
21,648
|
|||||||||||||||
Total assets at fair value
|
$
|
1,618,132
|
|
Plan Assets at Fair Value as of December 31, 2014
|
|||||||||||||||
|
Level 1
|
Level 2
|
Level 3
|
Total
|
||||||||||||
AT&T common stock
|
$
|
462,710
|
$
|
-
|
$
|
-
|
$
|
462,710
|
||||||||
Mutual funds or exchange-traded funds
|
862,730
|
-
|
-
|
862,730
|
||||||||||||
U.S. government securities
|
912
|
68,131
|
-
|
69,043
|
||||||||||||
Corporate debt instruments
|
-
|
35,831
|
-
|
35,831
|
||||||||||||
Municipal debt instruments
|
-
|
7,066
|
-
|
7,066
|
||||||||||||
Futures
|
30
|
-
|
-
|
30
|
||||||||||||
Total assets in fair value hierarchy
|
$
|
1,326,382
|
$
|
111,028
|
$
|
-
|
$
|
1,437,410
|
||||||||
Investments measured at net asset value:
|
||||||||||||||||
Index stock fund1
|
148,353
|
|||||||||||||||
Blended equity & debt2
|
94,276
|
|||||||||||||||
Bond index fund3
|
18,872
|
|||||||||||||||
Total assets at fair value
|
$
|
1,698,911
|
December 31,
|
||||||||
2015
|
2014
|
|||||||
AT&T Master Trust
|
94.3
|
%
|
94.2
|
%
|
||||
BellSouth Savings and Security Plan
|
5.7
|
%
|
5.8
|
%
|
||||
Total
|
100.0
|
%
|
100.0
|
%
|
AT&T Total
Return Bond
Fund
|
AT&T U.S.
Stock Fund
|
AT&T
International
Stock Fund
|
AT&T
Stable Value
Fund
|
Group
Trust
|
||||||||||||||||
Interest bearing cash
|
$
|
-
|
$
|
-
|
$
|
76
|
$
|
-
|
$
|
76
|
||||||||||
Corporate debt
|
-
|
3,168
|
-
|
-
|
3,168
|
|||||||||||||||
Common/collective trust
funds
|
223,554
|
1,270,030
|
154,807
|
-
|
1,648,391
|
|||||||||||||||
103-12 investment entities
|
-
|
-
|
174,297
|
-
|
174,297
|
|||||||||||||||
Equities - common stock
|
-
|
1,226,111
|
150,140
|
-
|
1,376,251
|
|||||||||||||||
Equities - preferred stock
|
-
|
-
|
433
|
-
|
433
|
|||||||||||||||
Publicly traded
partnerships
|
-
|
8,176
|
-
|
-
|
8,176
|
|||||||||||||||
Registered investment
companies
|
1,220,725
|
31,929
|
4,194
|
171,302
|
1,428,150
|
|||||||||||||||
Group Trust investments
at fair value
|
1,444,279
|
2,539,414
|
483,947
|
171,302
|
4,638,942
|
|||||||||||||||
Unsettled trades and other
|
3,373
|
(1,746
|
)
|
(89
|
)
|
(165,522
|
)
|
(163,984
|
)
|
|||||||||||
Fully benefit-responsive
investments
contracts valued
at contract value
|
-
|
-
|
-
|
6,432,747
|
6,432,747
|
|||||||||||||||
Group Trust net assets
|
$
|
1,447,652
|
$
|
2,537,668
|
$
|
483,858
|
$
|
6,438,527
|
$
|
10,907,705
|
||||||||||
Plan's percentage
ownership interest
of investments
|
-
|
%
|
-
|
%
|
-
|
%
|
9.6
|
%
|
5.7
|
%
|
AT&T Total
Return Bond
Fund
|
AT&T U.S.
Stock Fund
|
AT&T
International
Stock Fund
|
AT&T
Stable Value
Fund
|
Group
Trust
|
||||||||||||||||
Interest bearing cash
|
$
|
-
|
$
|
-
|
$
|
240
|
$
|
-
|
$
|
240
|
||||||||||
Common/collective trust
funds
|
-
|
1,578,118
|
184,860
|
-
|
1,762,978
|
|||||||||||||||
103-12 investment entities
|
-
|
-
|
171,733
|
-
|
171,733
|
|||||||||||||||
Equities - common stock
|
-
|
1,196,545
|
155,379
|
-
|
1,351,924
|
|||||||||||||||
Equities - preferred stock
|
-
|
-
|
679
|
-
|
679
|
|||||||||||||||
Publicly traded
partnerships
|
-
|
5,078
|
-
|
-
|
5,078
|
|||||||||||||||
Registered investment
companies
|
1,347,889
|
46,394
|
2,611
|
74,556
|
1,471,450
|
|||||||||||||||
Group Trust investments
at fair value
|
1,347,889
|
2,826,135
|
515,502
|
74,556
|
4,764,082
|
|||||||||||||||
Unsettled trades and other
|
3,351
|
(1,329
|
)
|
703
|
(309,906
|
)
|
(307,181
|
)
|
||||||||||||
Fully benefit-responsive
investments contracts
valued at contract value
|
-
|
-
|
-
|
6,701,195
|
6,701,195
|
|||||||||||||||
Group Trust net assets
|
$
|
1,351,240
|
$
|
2,824,806
|
$
|
516,205
|
$
|
6,465,845
|
$
|
11,158,096
|
||||||||||
Plan's percentage
ownership interest
of investments
|
-
|
%
|
-
|
%
|
-
|
%
|
9.8
|
%
|
5.8
|
%
|
Group
Trust
|
||||
Total net appreciation/(depreciation) in fair value of Group Trust Investments
|
$
|
(48,446
|
)
|
|
Investment income:
|
||||
Interest
|
$
|
161,494
|
||
Dividends
|
58,248
|
|||
Total investment income of Group Trust Investments
|
$
|
219,742
|
|
Group Trust Assets and Liabilities at Fair Value
|
|||||||||||||||
|
December 31, 2015
|
|||||||||||||||
|
Level 1
|
Level 2
|
Level 3
|
Total
|
||||||||||||
Corporate debt
|
$
|
-
|
$
|
3,168
|
$
|
-
|
$
|
3,168
|
||||||||
Interest-bearing cash
|
76
|
-
|
-
|
76
|
||||||||||||
Common stock
|
1,376,251
|
-
|
-
|
1,376,251
|
||||||||||||
Preferred stock
|
433
|
-
|
-
|
433
|
||||||||||||
Publicly traded partnerships
|
8,176
|
-
|
-
|
8,176
|
||||||||||||
Registered investment companies
|
1,428,150
|
-
|
-
|
1,428,150
|
||||||||||||
Total assets in fair value hierarchy
|
$
|
2,813,086
|
$
|
3,168
|
$
|
-
|
$
|
2,816,254
|
||||||||
Investments measured at net asset value
|
||||||||||||||||
U.S. common/collective trusts1
|
1,424,837
|
|||||||||||||||
International common/collective trusts2
|
223,554
|
|||||||||||||||
103-12 investments3
|
174,297
|
|||||||||||||||
Total assets and liabilities at fair value
|
$
|
4,638,942
|
|
Group Trust Assets and Liabilities at Fair Value
|
|||||||||||||||
|
December 31, 2014
|
|||||||||||||||
|
Level 1
|
Level 2
|
Level 3
|
Total
|
||||||||||||
Interest bearing cash
|
$
|
240
|
$
|
-
|
$
|
-
|
$
|
240
|
||||||||
Equities - common stock
|
1,351,924
|
-
|
-
|
1,351,924
|
||||||||||||
Publicly traded partnerships
|
5,078
|
-
|
-
|
5,078
|
||||||||||||
Equities - preferred stock
|
679
|
-
|
-
|
679
|
||||||||||||
Registered investment companies
|
1,471,450
|
-
|
-
|
1,471,450
|
||||||||||||
Total assets and liabilities in fair value hierarchy
|
$
|
2,829,371
|
$
|
-
|
$
|
-
|
$
|
2,829,371
|
||||||||
Investments measured at net asset value
|
||||||||||||||||
U.S. common/collective trusts1
|
1,578,118
|
|||||||||||||||
International common/collective trusts2
|
184,860
|
|||||||||||||||
103-12 investments3
|
171,733
|
|||||||||||||||
Total assets and liabilities at fair value
|
$
|
4,764,082
|
Year Ended
|
|||
December 31, 2015
|
|||
Futures contracts
|
$
|
(464
|
)
|
Forward foreign currency exchange rate contracts
|
$
|
16,683
|
Year Ended
|
|||
December 31, 2015
|
|||
Futures contracts
|
$
|
653
|
Type of Contract
|
Number of
Contracts
Buy/(Sell)
|
Expiration
|
Notional
Value
|
Fair Value
|
||||||||||||
U.S. Treasury Bond Future
|
(403
|
)
|
3/2016
|
$
|
(61,961
|
)
|
$
|
(173
|
)
|
|||||||
U.S. Treasury Bond Future
|
(79
|
)
|
3/2016
|
(12,146
|
)
|
141
|
||||||||||
U.S. Treasury Bond Future
|
(44
|
)
|
3/2016
|
(6,765
|
)
|
(10
|
)
|
|||||||||
U.S. Treasury Bond Future
|
(63
|
)
|
3/2016
|
(9,686
|
)
|
13
|
||||||||||
U.S. 10-Year Treasury Note Future
|
44
|
3/2016
|
5,540
|
(19
|
)
|
|||||||||||
U.S. 10-Year Treasury Note Future
|
(279
|
)
|
3/2016
|
(35,128
|
)
|
97
|
||||||||||
U.S. 10-Year Treasury Note Future
|
183
|
3/2016
|
23,041
|
(74
|
)
|
|||||||||||
90 Day Eurodollar Future
|
(4
|
)
|
3/2016
|
(993
|
)
|
-
|
||||||||||
90 Day Eurodollar Future
|
119
|
3/2016
|
29,531
|
(37
|
)
|
|||||||||||
90 Day Eurodollar Future
|
(119
|
)
|
9/2016
|
(29,433
|
)
|
40
|
||||||||||
U.S. 5-Year Treasury Note Future
|
455
|
3/2016
|
53,836
|
(123
|
)
|
|||||||||||
U.S. 5-Year Treasury Note Future
|
9
|
3/2016
|
1,065
|
2
|
||||||||||||
U.S. 5-Year Treasury Note Future
|
651
|
3/2016
|
77,027
|
(153
|
)
|
|||||||||||
U.S. 2-Year Treasury Note Future
|
197
|
3/2016
|
42,795
|
(57
|
)
|
|||||||||||
U.S. 2-Year Treasury Note Future
|
(687
|
)
|
3/2016
|
(149,240
|
)
|
226
|
||||||||||
U.S. 2-Year Treasury Note Future
|
522
|
3/2016
|
113,396
|
(184
|
)
|
|||||||||||
U.S. Ultra Bond Future
|
(36
|
)
|
3/2016
|
(5,713
|
)
|
4
|
||||||||||
U.S. Ultra Bond Future
|
(148
|
)
|
3/2016
|
(23,486
|
)
|
(130
|
)
|
|||||||||
U.S. Ultra Bond Future
|
(28
|
)
|
3/2016
|
(4,443
|
)
|
(27
|
)
|
|||||||||
Total
|
$
|
7,237
|
$
|
(464
|
)
|
Type of Contract
|
Number of
Contracts
Buy/(Sell)
|
Expiration
|
Notional
Value
|
Fair Value
|
||||||||||||
U.S. Treasury Bond Future
|
(14
|
)
|
3/2015
|
$
|
(2,024
|
)
|
$
|
(62
|
)
|
|||||||
U.S. Treasury Bond Future
|
(183
|
)
|
3/2015
|
(26,455
|
)
|
(719
|
)
|
|||||||||
U.S. Treasury Bond Future
|
(72
|
)
|
3/2015
|
(10,409
|
)
|
(166
|
)
|
|||||||||
U.S. Treasury Bond Future
|
(287
|
)
|
3/2015
|
(41,489
|
)
|
(1,274
|
)
|
|||||||||
U.S. 10-Year Treasury Note Future
|
218
|
3/2015
|
27,642
|
173
|
||||||||||||
U.S. 10-Year Treasury Note Future
|
(192
|
)
|
3/2015
|
(24,345
|
)
|
(28
|
)
|
|||||||||
U.S. 10-Year Treasury Note Future
|
304
|
3/2015
|
38,546
|
216
|
||||||||||||
U.S. 5-Year Treasury Note Future
|
632
|
3/2015
|
75,164
|
65
|
||||||||||||
U.S. 5-Year Treasury Note Future
|
253
|
3/2015
|
30,089
|
4
|
||||||||||||
U.S. 5-Year Treasury Note Future
|
(30
|
)
|
3/2015
|
(3,568
|
)
|
(5
|
)
|
|||||||||
U.S. 2-Year Treasury Note Future
|
40
|
3/2015
|
8,744
|
(1
|
)
|
|||||||||||
U.S. 2-Year Treasury Note Future
|
446
|
3/2015
|
97,493
|
(114
|
)
|
|||||||||||
U.S. 2-Year Treasury Note Future
|
(626
|
)
|
3/2015
|
(136,840
|
)
|
157
|
||||||||||
U.S. Ultra Bond Future
|
20
|
3/2015
|
3,304
|
50
|
||||||||||||
U.S. Ultra Bond Future
|
(117
|
)
|
3/2015
|
(19,327
|
)
|
(947
|
)
|
|||||||||
U.S. Ultra Bond Future
|
(224
|
)
|
3/2015
|
(37,002
|
)
|
(1,554
|
)
|
|||||||||
U.S. Ultra Bond Future
|
(22
|
)
|
3/2015
|
(3,634
|
)
|
(182
|
)
|
|||||||||
Total
|
$
|
(24,111
|
)
|
$
|
(4,387
|
)
|
Type of Contract
|
Number of
Contracts
Buy/(Sell)
|
Expiration
|
Notional
Value
|
Fair
Value
|
||||||||||||
S&P e-mini 500 Index Futures U.S.
|
(6
|
)
|
3/2016
|
$
|
(611
|
)
|
$
|
4
|
||||||||
U.S. Treasury Bond Future
|
54
|
3/2016
|
6,799
|
(12
|
)
|
|||||||||||
Total
|
$
|
6,188
|
$
|
(8
|
)
|
Type of Contract
|
Number of
Contracts
Buy/(Sell)
|
Expiration
|
Notional
Value
|
Fair
Value
|
||||||||||||
S&P e-mini 500 Index Futures U.S.
|
19
|
3/2015
|
$
|
1,950
|
$
|
30
|
||||||||||
U.S. Treasury Bond Future
|
29
|
3/2015
|
3,677
|
-
|
||||||||||||
Total
|
$
|
5,627
|
$
|
30
|
Notional Value
|
Fair Value
|
|||||||||||||||
2015
|
2014
|
2015
|
2014
|
|||||||||||||
Derivative assets
|
$
|
195
|
$
|
64
|
$
|
-
|
$
|
-
|
||||||||
Derivative liabilities
|
$
|
201
|
$
|
64
|
$
|
-
|
$
|
-
|
2015
|
2014
|
|||||||
Net Assets Available for Benefits per the financial statements
|
$
|
2,293,481
|
$
|
2,368,223
|
||||
Adjustment from contract value to fair value for fully benefit-responsive
investment contracts
|
-
|
22,337
|
||||||
Distributions payable to participants
|
(279
|
)
|
(800
|
)
|
||||
Net Assets Available for Benefits per the Form 5500
|
$
|
2,293,202
|
$
|
2,389,760
|
Distributions to participants per the financial statements
|
$
|
222,820
|
||
Distributions payable to participants at December 31, 2014
|
(800
|
)
|
||
Distributions payable to participants at December 31, 2015
|
279
|
|||
Distributions to participants per the Form 5500
|
$
|
222,299
|
Total additions per the financial statements
|
$
|
177,326
|
||
Adjustment from contract value to fair value for fully benefit-responsive investment
|
||||
contracts at December 31, 2014
|
(22,337
|
)
|
||
Total income per the Form 5500
|
$
|
154,989
|
BELLSOUTH SAVINGS AND SECURITY PLAN
|
EIN 58-1533433, PLAN NO. 004
|
SCHEDULE H, LINE 4(i) - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
|
December 31, 2015
|
(Dollars in Thousands)
|
Identity of Issue
|
Description of Investment
|
Current Value
|
||||||
Indexed Stock Fund
|
||||||||
NORTHERN TRUST S&P 500 INDEX
STOCK FUND
|
COMMON/COLLECTIVE TRUST
FUND: 17,590 UNITS
|
$
|
118,093
|
|||||
Balanced Fund
|
||||||||
*
|
DREYFUS GOVERNMENT CASH
MANAGEMENT FUND
|
REGISTERED INVESTMENT
COMPANY: 3,174,891 UNITS
|
3,175
|
|||||
|
0.000% 04/28/2016 DD 04/30/15
|
599
|
||||||
US TREASURY BILL |
0.000% 05/26/2016 DD 05/28/15
|
599
|
||||||
US TREASURY BILL |
0.000% 06/23/2016 DD 06/25/15
|
619
|
||||||
US TREASURY BILL
|
0.000% 07/21/2016 DD 07/23/15
|
617
|
||||||
US TREASURY BILL
|
0.000% 08/18/2016 DD 08/20/15
|
617
|
||||||
US TREASURY BILL
|
0.000% 09/15/2016 DD 09/17/15
|
118
|
||||||
US TREASURY BILL
|
0.000% 10/13/2016 DD 10/15/15
|
118
|
||||||
US TREASURY BILL
|
0.000% 11/10/2016 DD 11/12/15
|
118
|
||||||
NORTHERN TRUST QM AGGREGATE
BOND INDEX FUND
|
COMMON/COLLECTIVE TRUST
FUND: 42,845 UNITS
|
21,648
|
||||||
NORTHERN TRUST S&P 500 INDEX
STOCK FUND
|
COMMON/COLLECTIVE TRUST
FUND: 4,959 UNITS
|
33,293
|
||||||
FUTURES CONTRACT
|
US 10YR TREAS NTS FUTURE (CBT)
EXP MAR 16
|
(12
|
)
|
|||||
FUTURES CONTRACT
|
S&P 500 EMINI INDEX FUT (CME)
EXP MAR 16
|
4
|
||||||
Total Balanced Fund
|
61,513
|
|||||||
Registered Investment Companies | ||||||||
T ROWE PRICE MID-CAP GROWTH
FUND
|
REGISTERED INVESTMENT
COMPANY: 5,889,023 UNITS
|
255,584
|
||||||
DFA INTERNATIONAL VALUE
PORTFOLIO II
|
REGISTERED INVESTMENT
COMPANY: 20,787,194 UNITS
|
92,919
|
||||||
DFA U.S. SMALL CAP VALUE
PORTFOLIO
|
REGISTERED INVESTMENT
COMPANY: 4,313,318 UNITS
|
131,513
|
||||||
DFA U.S. LARGE CAP VALUE
PORTFOLIO II
|
REGISTERED INVESTMENT
COMPANY: 8,652,037 UNITS
|
132,722
|
||||||
VANGUARD GROWTH INDEX
FUND
|
REGISTERED INVESTMENT
COMPANY: 2,248,241 UNITS
|
123,136
|
||||||
FIDELITY GROWTH AND INCOME
PORTFOLIO
|
REGISTERED INVESTMENT
COMPANY: 2,239,283 UNITS
|
64,693
|
||||||
Total Registered Investment Companies
|
800,567
|
|||||||
LifePath Funds | ||||||||
LIFEPATH 2050 FUND
|
COMMON/COLLECTIVE TRUST
FUND: 424,878 UNITS
|
5,487
|
||||||
LIFEPATH 2040 FUND
|
COMMON/COLLECTIVE TRUST
FUND: 1,191,222 UNITS
|
20,418
|
BELLSOUTH SAVINGS AND SECURITY PLAN
|
EIN 58-1533433, PLAN NO. 004
|
SCHEDULE H, LINE 4(i) - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
|
December 31, 2015
|
(Dollars in Thousands)
|
Identity of Issue
|
Description of Investment
|
Current Value
|
||||||
LIFEPATH 2030 FUND
|
COMMON/COLLECTIVE TRUST
FUND: 1,805,337 UNITS
|
30,788
|
||||||
LIFEPATH 2020 FUND
|
COMMON/COLLECTIVE TRUST
FUND: 1,768,540 UNITS
|
29,648
|
||||||
LIFEPATH RETIREMENT FUND
|
COMMON/COLLECTIVE TRUST
FUND: 1,034,156 UNITS
|
17,260
|
||||||
Total LifePath Age-Based Retirement Funds
|
103,601
|
|||||||
AT&T Shares Fund | ||||||||
* |
AT&T COMMON STOCK
|
12,519,196 SHARES
|
430,786
|
|||||
* |
DREYFUS GOVERNMENT CASH
MANAGEMENT FUND
|
REGISTERED INVESTMENT
COMPANY: 5,662,755 UNITS
|
5,663
|
|||||
Total AT&T Shares Fund
|
436,449
|
|||||||
Bond Fund
|
||||||||
FEDERAL HOME LN BK CONS DISC
|
MAT 01/20/2016
|
100
|
||||||
FEDERAL HOME LN BK CONS DISC
|
MAT 01/22/2016
|
4,599
|
||||||
FEDERAL HOME LN BK CONS DISC
|
0.000% 01/27/2016 DD 01/27/15
|
200
|
||||||
FEDERAL HOME LN BK CONS DISC
|
MAT 02/01/2016
|
100
|
||||||
FEDERAL NATL MTG ASSN DISC
|
MAT 02/08/2016
|
1,798
|
||||||
FEDERAL NATL MTG ASSN DISC
|
0.000% 02/10/2016 DD 02/17/15
|
2,597
|
||||||
FEDERAL NATL MTG ASSN DISC
|
0.000% 02/16/2016 DD 02/23/15
|
4,695
|
||||||
SLH PROXY LONG EXPOSURE
|
SLHOPNTA4
|
13
|
||||||
* |
DREYFUS GOVERNMENT CASH
MANAGEMENT FUND
|
REGISTERED INVESTMENT
COMPANY: 622,169 UNITS
|
622
|
|||||
ABBVIE INC
|
4.500% 05/14/2035 DD 05/14/15
|
196
|
||||||
ABBVIE INC
|
4.700% 05/14/2035 DD 05/14/15
|
98
|
||||||
COMMIT TO PUR FNMA SF MTG
|
3.000% 01/01/2046 DD 01/01/16
|
4,000
|
||||||
COMMIT TO PUR FNMA SF MTG
|
3.500% 02/01/2046 DD 02/01/16
|
4,118
|
||||||
COMMIT TO PUR FNMA SF MTG
|
4.000% 02/01/2046 DD 02/01/16
|
6,337
|
||||||
ALLY AUTO RECEIVABLES SN1 A2A
|
0.930% 06/20/2017 DD 03/31/15
|
491
|
||||||
AMERICAN EXPRESS CREDIT CORP
|
VAR RT 09/14/2020 DD 09/14/15
|
303
|
||||||
AMERICAN HONDA FINANCE CORP
|
1.600% 07/13/2018 DD 07/14/15
|
497
|
||||||
AMERICAN MUN PWR-OHIO INC
|
6.449% 02/15/2044 DD 12/09/09
|
1,171
|
||||||
AMERICAN WATER CAPITAL CORP
|
3.400% 03/01/2025 DD 08/14/14
|
305
|
||||||
AMGEN INC
|
3.125% 05/01/2025 DD 05/01/15
|
855
|
||||||
APPLE INC
|
3.200% 05/13/2025 DD 05/13/15
|
405
|
||||||
ASSET BACKED SECURITIES HE4 M1
|
VAR RT 08/15/2033 DD 08/06/03
|
128
|
||||||
BANK OF AMERICA NA
|
VAR RT 06/05/2017 DD 06/05/15
|
1,395
|
||||||
BANK OF AMERICA FUNDING 2 D A1
|
VAR RT 05/25/2035 DD 06/01/05
|
71
|
||||||
BEAR STEARNS ARM TRUST 11 1A2
|
VAR RT 02/25/2033 DD 12/01/02
|
6
|
||||||
BEAR STEARNS ARM TRUST 12 13A1
|
VAR RT 02/25/2036 DD 12/01/05
|
32
|
||||||
CHICAGO IL TRANSIT AUTH SALES
|
6.899% 12/01/2040 DD 08/06/08
|
116
|
||||||
CITIGROUP INC
|
2.650% 10/26/2020 DD 10/26/15
|
397
|
||||||
BELLSOUTH SAVINGS AND SECURITY PLAN
|
EIN 58-1533433, PLAN NO. 004
|
SCHEDULE H, LINE 4(i) - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
|
December 31, 2015
|
(Dollars in Thousands)
|
Identity of Issue
|
Description of Investment
|
Current Value
|
||||
FNT MORTGAGE-BACKED PASS 3 1A1
|
6.750% 08/21/2031 DD 07/01/01
|
2
|
||||
CREDIT SUISSE MORTGAGE C C4 A3
|
5.467% 09/15/2039 DD 09/01/06
|
80
|
||||
DUKE ENERGY CAROLINAS LLC
|
3.750% 06/01/2045 DD 03/12/15
|
834
|
||||
FEDERAL NATL MTG ASSN
|
0.875% 02/08/2018 DD 01/07/13
|
99
|
||||
FEDERAL NATL MTG ASSN
|
0.875% 05/21/2018 DD 04/15/13
|
99
|
||||
FEDERAL NATL MTG ASSN
|
1.875% 09/18/2018 DD 08/23/13
|
101
|
||||
FNMA GRD REMIC P/T 15-M8 FA
|
VAR RT 11/25/2018 DD 05/01/15
|
644
|
||||
FEDERAL HOME LN MTG CORP
|
0.875% 03/07/2018 DD 01/17/13
|
298
|
||||
FNMA POOL #0255272
|
4.000% 06/01/2019 DD 05/01/04
|
72
|
||||
FNMA POOL #0357414
|
4.000% 07/01/2018 DD 07/01/03
|
53
|
||||
FNMA POOL #0AL2617
|
6.000% 10/01/2040 DD 11/01/12
|
388
|
||||
FNMA POOL #0AM0359
|
2.310% 08/01/2022 DD 08/01/12
|
99
|
||||
FNMA POOL #0AS1338
|
5.000% 12/01/2043 DD 11/01/13
|
1,013
|
||||
FNMA POOL #0AS2091
|
3.500% 04/01/2029 DD 03/01/14
|
21
|
||||
FNMA POOL #0AS2741
|
5.000% 06/01/2044 DD 05/01/14
|
875
|
||||
FNMA POOL #0AS2993
|
3.500% 08/01/2029 DD 07/01/14
|
27
|
||||
FNMA POOL #0AS4201
|
3.500% 12/01/2029 DD 12/01/14
|
39
|
||||
FNMA POOL #0AV1676
|
4.000% 01/01/2026 DD 10/01/13
|
269
|
||||
FNMA POOL #0AV5751
|
3.500% 04/01/2029 DD 04/01/14
|
23
|
||||
FNMA POOL #0AW5318
|
3.500% 06/01/2029 DD 05/01/14
|
17
|
||||
FNMA POOL #0AW5344
|
3.500% 06/01/2029 DD 06/01/14
|
4,990
|
||||
FNMA POOL #0AW7067
|
3.500% 07/01/2029 DD 06/01/14
|
3,991
|
||||
FNMA POOL #0AW7093
|
3.500% 07/01/2029 DD 06/01/14
|
31
|
||||
FNMA POOL #0AZ2306
|
3.500% 07/01/2030 DD 06/01/15
|
31
|
||||
FNMA POOL #0AZ4023
|
3.500% 06/01/2030 DD 06/01/15
|
32
|
||||
FNMA POOL #0AX3144
|
3.500% 10/01/2029 DD 09/01/14
|
27
|
||||
FNMA GTD REMIC P/T 03-W1 1A1
|
VAR RT 12/25/2042 DD 01/01/03
|
45
|
||||
FNMA GTD REMIC P/T 03-25 KP
|
5.000% 04/25/2033 DD 03/01/03
|
162
|
||||
FHLMC MULTICLASS MTG 3626 ME
|
5.000% 01/15/2040 DD 01/01/10
|
21
|
||||
FNMA POOL #0755735
|
3.500% 05/01/2019 DD 05/01/04
|
11
|
||||
FNMA POOL #0915042
|
5.500% 04/01/2022 DD 04/01/07
|
2
|
||||
FNMA POOL #0AB1365
|
3.500% 08/01/2025 DD 07/01/10
|
15
|
||||
FNMA POOL #0AB2130
|
3.500% 01/01/2026 DD 12/01/10
|
30
|
||||
FNMA POOL #0MA2161
|
3.500% 12/01/2029 DD 12/01/14
|
38
|
||||
FNMA POOL #0AD5797
|
3.500% 06/01/2025 DD 06/01/10
|
14
|
||||
FNMA POOL #0AE0676
|
3.500% 01/01/2026 DD 12/01/10
|
45
|
||||
FNMA POOL #0AE3895
|
3.500% 11/01/2025 DD 10/01/10
|
14
|
||||
FNMA POOL #0AE5487
|
3.500% 10/01/2025 DD 10/01/10
|
6
|
||||
FNMA POOL #0AE7060
|
3.500% 12/01/2025 DD 11/01/10
|
30
|
||||
FLORIDA POWER & LIGHT CO
|
4.125% 02/01/2042 DD 12/13/11
|
497
|
||||
GNMA POOL #0AE7708
|
4.000% 08/15/2043 DD 08/01/13
|
51
|
||||
GNMA POOL #0AL0766
|
3.500% 01/15/2045 DD 01/01/15
|
689
|
||||
GNMA POOL #0AL5269
|
3.500% 02/15/2045 DD 02/01/15
|
1,345
|
||||
GNMA POOL #0AN4392
|
4.000% 06/15/2045 DD 06/01/15
|
2,075
|
||||
GSR MORTGAGE LOAN TRUST AR6 1A1
|
VAR RT 09/25/2035 DD 09/01/05
|
208
|
BELLSOUTH SAVINGS AND SECURITY PLAN
|
EIN 58-1533433, PLAN NO. 004
|
SCHEDULE H, LINE 4(i) - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
|
December 31, 2015
|
(Dollars in Thousands)
|
Identity of Issue
|
Description of Investment
|
Current Value
|
||||
GNMA POOL #0782523
|
5.000% 11/15/2035 DD 12/01/08
|
114
|
||||
GNMA POOL #0705997
|
5.000% 01/15/2039 DD 01/01/09
|
237
|
||||
GENERAL ELECTRIC CO
|
4.125% 10/09/2042 DD 10/09/12
|
488
|
||||
GOLDMAN SACHS GROUP INC/THE
|
VAR RT 04/23/2020 DD 01/23/15
|
401
|
||||
HONDA AUTO RECEIVABLES 20 2 A2
|
0.690% 08/21/2017 DD 05/20/15
|
699
|
||||
HOST HOTELS & RESORTS LP
|
4.000% 06/15/2025 DD 05/15/15
|
575
|
||||
JP MORGAN CHASE & CO
|
2.250% 01/23/2020 DD 01/23/15
|
394
|
||||
JP MORGAN CHASE & CO
|
2.550% 10/29/2020 DD 10/29/15
|
793
|
||||
JP MORGAN CHASE COMMER LDP9 A3
|
5.336% 05/15/2047 DD 12/01/06
|
582
|
||||
JP MORGAN CHASE COMMER LDPX A3
|
5.420% 01/15/2049 DD 03/01/07
|
462
|
||||
LOS ANGELES CALIF UNI SCH DIST
|
5.750% 07/01/2034 DD 10/15/09
|
482
|
||||
ML CFC COMMERCIAL MORTGAG 4 A3
|
5.172% 12/12/2049 DD 12/01/06
|
166
|
||||
MERCEDES-BENZ AUTO RECEIV 1 A2
|
0.430% 02/15/2017 DD 07/09/14
|
91
|
||||
MERRILL LYNCH MORTGAGE IN E A1
|
VAR RT 11/25/2029 DD 09/23/04
|
82
|
||||
MICROSOFT CORP
|
4.000% 02/12/2055 DD 02/12/15
|
719
|
||||
MIDAMERICAN ENERGY CO
|
4.4 % 10/15/2044 DD 04/03/14
|
404
|
||||
MORGAN STANLEY ABS CAP HE6 A2C
|
VAR RT 11/25/2035 DD 11/29/05
|
128
|
||||
MORGAN STANLEY CAPITAL 11AR 1A1
|
VAR RT 01/25/2035 DD 12/29/04
|
57
|
||||
NEW YORK CITY NY TRANSITIONAL
|
5.750% 02/01/2035 DD 03/03/10
|
528
|
||||
NEW YORK CITY NY TRANSITIONAL
|
5.767% 08/01/2036 DD 10/22/09
|
858
|
||||
NEW YORK ST DORM AUTH ST PERSO
|
5.289% 03/15/2033 DD 10/14/10
|
467
|
||||
ONEOK PARTNERS LP
|
6.150% 10/01/2016 DD 09/25/06
|
205
|
||||
ONEOK PARTNERS LP
|
3.250% 02/01/2016 DD 01/26/11
|
200
|
||||
PACIFIC GAS & ELECTRIC CO
|
3.400% 08/15/2024 DD 08/18/14
|
903
|
||||
PHILIP MORRIS INTERNATIONAL IN
|
3.250% 11/10/2024 DD 11/10/14
|
905
|
||||
PRIME MORTGAGE TRUST 2 CL1 1A2
|
VAR RT 02/25/2034 DD 01/25/04
|
16
|
||||
PRIME MORTGAGE TRUST 2 CL1 2A2
|
VAR RT 02/25/2019 DD 01/25/04
|
-
|
||||
PROLOGIS LP
|
4.250% 08/15/2023 DD 08/15/13
|
526
|
||||
PUBLIC PWR GENERATION AGY NE R
|
7.242% 01/01/2041 DD 07/16/09
|
119
|
||||
SLM STUDENT LOAN TRUST 200 9 A
|
VAR RT 04/25/2023 DD 08/28/08
|
301
|
||||
SBA GTD PARTN CTFS 2003-20C 1
|
4.500% 03/01/2023 DD 03/12/03
|
1,276
|
||||
SBA GTD PARTN CTFS 2005-20B 1
|
4.625% 02/01/2025 DD 02/16/05
|
720
|
||||
SBA GTD PARTN CTFS 2008-20D 1
|
5.370% 04/01/2028 DD 04/16/08
|
677
|
||||
SBA GTD PARTN CTFS 2008-20E 1
|
5.490% 05/01/2028 DD 05/14/08
|
685
|
||||
SBA GTD PARTN CTFS 2008-20F 1
|
5.680% 06/01/2028 DD 06/11/08
|
290
|
||||
SBA GTD PARTN CTFS 2009-20A 1
|
5.720% 01/01/2029 DD 01/14/09
|
93
|
||||
SBA GTD PARTN CTFS 2008-10A 1
|
5.471% 03/10/2018 DD 03/26/08
|
94
|
||||
SOUTH DAKOTA ST EDUCTNL ENHANC
|
3.539% 06/01/2022 DD 03/14/13
|
2,018
|
||||
SOUTHERN CALIFORNIA GAS CO
|
4.450% 03/15/2044 DD 03/13/14
|
208
|
||||
STRUCTURED ADJUSTABLE R 12 7A1
|
VAR RT 09/25/2034 DD 08/01/04
|
489
|
||||
STRUCTURED ASSET INCESTME 8 M1
|
VAR RT 09/25/2034 DD 08/25/04
|
320
|
||||
STRUCTURED ASSET SEC M 21A 1A1
|
VAR RT 01/25/2032 DD 12/01/01
|
2
|
||||
STRUCTURED ASSET SEC COR 1A 4A
|
VAR RT 02/25/2032 DD 01/01/02
|
3
|
||||
STRUCTURED ASSET MORTG AR4 2A1
|
VAR RT 12/19/2034 DD 07/30/04
|
69
|
||||
THORNBURG MORTGAGE SECUR 1 I1A
|
VAR RT 03/25/2044 DD 03/31/04
|
777
|
BELLSOUTH SAVINGS AND SECURITY PLAN
|
EIN 58-1533433, PLAN NO. 004
|
SCHEDULE H, LINE 4(i) - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
|
December 31, 2015
|
(Dollars in Thousands)
|
Identity of Issue
|
Description of Investment
|
Current Value
|
||||||
PRINCETON UNIVERSITY
|
5.700% 03/01/2039 DD 01/21/09
|
395
|
||||||
US TREAS-CPI INFLAT
|
2.375% 01/15/2025 DD 07/15/04
|
4,447
|
||||||
US TREAS-CPI INFLAT
|
2.000% 01/15/2026 DD 01/15/06
|
666
|
||||||
US TREAS-CPI INFLAT
|
2.375% 01/15/2027 DD 01/15/07
|
954
|
||||||
US TREAS-CPI INFLAT
|
1.750% 01/15/2028 DD 01/15/08
|
744
|
||||||
US TREAS-CPI INFLAT
|
2.500% 01/15/2029 DD 01/15/09
|
1,575
|
||||||
US TREAS-CPI INFLAT
|
1.375% 02/15/2044 DD 02/15/14
|
208
|
||||||
US TREAS-CPI INFLAT
|
0.125% 04/15/2020 DD 04/15/15
|
5,114
|
||||||
UNIV OF CALIFORNIA CA RGTS MED
|
6.583% 05/15/2049 DD 12/17/09
|
1,293
|
||||||
UNIV OF CALIFORNIA CA REVENUES
|
6.270% 05/15/2031 DD 08/27/09
|
334
|
||||||
UNIV OF CALIFORNIA CA REVENUES
|
5.770% 05/15/2043 DD 08/27/09
|
1,226
|
||||||
VERIZON COMMUNICATIONS INC
|
4.150% 03/15/2024 DD 03/17/14
|
1,028
|
||||||
VISA INC
|
3.150% 12/14/2025 DD 12/14/15
|
400
|
||||||
WACHOVIA CORP
|
VAR RT 06/15/2017 DD 06/08/07
|
997
|
||||||
WAL-MART STORES INC
|
3.300% 04/22/2024 DD 04/22/14
|
1,032
|
||||||
WELLS FARGO BANK NA
|
VAR RT 06/15/2017 DD 06/12/14
|
897
|
||||||
Total Bond Fund
|
96,031
|
|||||||
Interest Bearing Cash | ||||||||
*
|
DREYFUS GOVERNMENT CASH
MANAGEMENT FUND
|
1,878
|
||||||
* |
Loans to Plan Participants
|
4.25% - 10.50%
|
65,809
|
|||||
Total
|
$
|
1,683,941
|
||||||
* |
Party-in-Interest
|
BellSouth Savings and Security Plan
|
|
By AT&T Services, Inc.,
Plan Administrator for the Foregoing Plan
|
By
|
/s/ Debra L. Dial
|
Debra L. Dial
|
|
Senior Vice President and Controller
|
23
|
Consent of Independent Registered Public Accounting Firm
|