SAE Annual Report 2011 - 50

SAE INTERNATIONAL
Notes to the Financial Statements (Continued) Note 6 - Employee Benefit Plans (Continued) The plan’s investment assets are held at various financial institutions and brokers. The Finance Committee has established a formal investment policy. The policy was amended in October 2011. Under the current policy and investment guidelines, SAE’s uses a liability-driven investment strategy to maximize returns and minimize risk of the portfolio relative to the liabilities that the portfolio is intended to cover. As the funding ratio of the retirement plan improves, the asset allocation will move away from equities and toward longer duration fixed income. The following table sets forth the fair value of the plan assets at December 31: 2011 Cash and equivalents Equity Large Value Large Core Large Growth Mid Value Mid Growth Small Value Small Growth Developed International Emerging Markets Total equity Fixed income International Domestic Total fixed income Alternatives Managed futures Total investments $ 1,388,332 3,826,161 3,968,720 4,002,998 1,490,668 791,403 902,642 914,167 2,603,364 3,953,907 22,454,030 1,108,827 10,570,601 11,679,428 2,611,632 $38,133,422 $ 2010 755,787 4,991,817 1,529,568 4,795,869 1,626,539 1,520,111 947,305 967,646 3,894,775 4,322,287 24,595,917 1,049,955 10,235,496 11,285,451 1,895,847 $38,533,002

The fair value of cash and equivalents and equities is determined on the basis of quoted prices in an active market (Level 1 inputs). The fair value of fixed income investments is determined using quotes from independent pricing vendors based on recent trading activity and other relevant information (Level 2 inputs). The investment in managed futures is valued using the partnership’s net asset per unit value at the balance sheet date (Level 2 inputs).

50

Page 24



SAE Annual Report 2011

Table of Contents for the Digital Edition of SAE Annual Report 2011

SAE Annual Report 2011
Contents
Executive Message
Sectors – Aerospace, Automotive and Commercial Vehicle
Membership
Aerospace Standards
Ground Vehicle Standards
Publishing
Magazines and Books
Engineering Events and Meetings
Pre-professional Education
SAE Foundation
Professional Development
Performance Review Institute
Financial Information
Board of Directors
Affiliates and Sections
International Business Partners
SAE Annual Report 2011 - SAE Annual Report 2011
SAE Annual Report 2011 - Cover2
SAE Annual Report 2011 - Contents
SAE Annual Report 2011 - Executive Message
SAE Annual Report 2011 - 3
SAE Annual Report 2011 - Sectors – Aerospace, Automotive and Commercial Vehicle
SAE Annual Report 2011 - 5
SAE Annual Report 2011 - 6
SAE Annual Report 2011 - 7
SAE Annual Report 2011 - Membership
SAE Annual Report 2011 - 9
SAE Annual Report 2011 - Aerospace Standards
SAE Annual Report 2011 - Ground Vehicle Standards
SAE Annual Report 2011 - Publishing
SAE Annual Report 2011 - Magazines and Books
SAE Annual Report 2011 - 14
SAE Annual Report 2011 - Engineering Events and Meetings
SAE Annual Report 2011 - Pre-professional Education
SAE Annual Report 2011 - SAE Foundation
SAE Annual Report 2011 - 18
SAE Annual Report 2011 - Professional Development
SAE Annual Report 2011 - Performance Review Institute
SAE Annual Report 2011 - Financial Information
SAE Annual Report 2011 - 22
SAE Annual Report 2011 - 23
SAE Annual Report 2011 - 24
SAE Annual Report 2011 - 25
SAE Annual Report 2011 - 26
SAE Annual Report 2011 - 27
SAE Annual Report 2011 - 28
SAE Annual Report 2011 - 29
SAE Annual Report 2011 - 30
SAE Annual Report 2011 - 31
SAE Annual Report 2011 - 32
SAE Annual Report 2011 - 33
SAE Annual Report 2011 - 34
SAE Annual Report 2011 - 35
SAE Annual Report 2011 - 36
SAE Annual Report 2011 - 37
SAE Annual Report 2011 - 38
SAE Annual Report 2011 - 39
SAE Annual Report 2011 - 40
SAE Annual Report 2011 - 41
SAE Annual Report 2011 - 42
SAE Annual Report 2011 - 43
SAE Annual Report 2011 - 44
SAE Annual Report 2011 - 45
SAE Annual Report 2011 - 46
SAE Annual Report 2011 - 47
SAE Annual Report 2011 - 48
SAE Annual Report 2011 - 49
SAE Annual Report 2011 - 50
SAE Annual Report 2011 - 51
SAE Annual Report 2011 - 52
SAE Annual Report 2011 - 53
SAE Annual Report 2011 - 54
SAE Annual Report 2011 - 55
SAE Annual Report 2011 - 56
SAE Annual Report 2011 - 57
SAE Annual Report 2011 - 58
SAE Annual Report 2011 - 59
SAE Annual Report 2011 - Board of Directors
SAE Annual Report 2011 - 61
SAE Annual Report 2011 - Affiliates and Sections
SAE Annual Report 2011 - International Business Partners
SAE Annual Report 2011 - Cover4
https://www.nxtbookmedia.com