NYCB 2017 Annual Report

123 The following table presents information about the fair value measurements of the investments held by the Retirement Plan as of December 31, 2017: (in thousands) Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Equity: Large-cap value (1) $ 20,959 $ -- $ 20,959 $-- Large-cap growth (2) 21,825 -- 21,825 -- Large-cap core (3) 14,512 -- 14,512 -- Mid-cap value (4) 4,668 -- 4,668 -- Mid-cap growth (5) 4,422 -- 4,422 -- Mid-cap core (6) 4,744 -- 4,744 -- Small-cap value (7) 3,530 -- 3,530 -- Small-cap growth (8) 3,353 -- 3,353 -- Small-cap core (9) 6,908 -- 6,908 -- International equity (10) 28,113 -- 28,113 -- Fixed Income Funds: -- Fixed Income – U.S. Core (11) 68,928 -- 68,928 -- Intermediate duration (12) 23,046 -- 23,046 -- Equity Securities: -- Company common stock 24,865 24,865 -- -- Cash Equivalents: -- Money market * 4,263 1,063 3,200 -- $234,136 $25,928 $208,208 $-- * Includes cash equivalent investments in equity and fixed income strategies. (1) This category contains large-cap stocks with above-average yield. The portfolio typically holds between 60 and 70 stocks. (2) This category seeks long-term capital appreciation by investing primarily in large growth companies based in the U.S. (3) This fund tracks the performance of the S&P 500 Index by purchasing the securities represented in the Index in approximately the same weightings as the Index. (4) This category employs an indexing investment approach designed to track the performance of the CRSP US Mid-Cap Value Index. (5) This category employs an indexing investment approach designed to track the performance of the CRSP US Mid-Cap Growth Index. (6) This category seeks to track the performance of the S&P Midcap 400 Index. (7) This category consists of a selection of investments based on the Russell 2000 Value Index. (8) This category consists of a selection of investments based on the Russell 2000 Growth Index. (9) This category consists of an index fund designed to track the Russell 2000, along with a fund investing in readily marketable securities of U.S. companies with market capitalizations within the smallest 10% of the market universe, or smaller than the 1000th largest US company. (10) This category has investments in medium to large non-US companies, including high quality, durable growth companies and companies based in countries with stable economic and political systems. A portion of this category consists of an index fund designed to track the MSC ACWI ex-US Net Dividend Return Index. (11) This category currently includes equal investments in three mutual funds, two of which usually hold at least 80% of fund assets in investment grade fixed income securities, seeking to outperform the Barclays US Aggregate Bond Index while maintaining a similar duration to that index. The third fund targets investments of 50% or more in mortgage-backed securities guaranteed by the US government and its agencies. (12) This category consists of a mutual fund which invest in a diversified portfolio of high-quality bonds and other fixed income securities, including U.S. Government obligations, mortgage-related and asset backed securities, corporate and municipal bonds, CMOs, and other securities mostly rated A or better.