UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

__________

FORM 11-K

FOR ANNUAL REPORTS OF EMPLOYEE STOCK
PURCHASE, SAVINGS AND SIMILAR PLANS
PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

(Mark One):

x ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2014

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______________ to ______________

Commission File Number 1-9936

EDISON 401(K) SAVINGS PLAN
(Full Title of the Plan)

EDISON INTERNATIONAL
(Name of Issuer)

2244 Walnut Grove Avenue (P.O. Box 976), Rosemead, California 91770
(Address of principal executive office)












Edison 401(k) Savings Plan
____________________________________________________________________________________________________

Financial Statements and Supplemental Schedule
As of December 31, 2014 and 2013 and for the Year Ended December 31, 2014
















2



TABLE OF CONTENTS
Report of Independent Registered Public Accounting Firm
 
 
Financial Statements
 
 
Statements of Net Assets Available for Plan Benefits as of December 31, 2014 and 2013
 
Statements of Changes in Net Assets Available for Plan Benefits for the year ended December 31, 2014
 
Notes to Financial Statements
 
 
 
 
 
Supplemental Schedule
 
 
Form 5500, Schedule H, Line 4i-Schedule of Assets (Held at End of Year)
 
 
 
 
 
Signature
 
 
Consent of Independent Registered Public Accounting Firm
Exhibit 23
Note: All schedules other than that listed above have been omitted since the information is either disclosed elsewhere in the financial statements or not required by 29 CFR 2520.103-10 of the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974, as amended.




3




Report of Independent Registered Public Accounting Firm

Southern California Edison Company
Benefits Committee
Edison 401(k) Savings Plan
Rosemead, California

We have audited the accompanying statements of net assets available for plan benefits of the Edison 401(k) Savings Plan (the “Plan”) as of December 31, 2014 and 2013, and the related statement of changes in net assets available for plan benefits for the year ended December 31, 2014. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for plan benefits of the Plan as of December 31, 2014 and 2013, and the changes in net assets available for plan benefits for the year ended December 31, 2014, in conformity with accounting principles generally accepted in the United States of America.
The accompanying supplemental schedule of assets (held at end of year) as of December 31, 2014 has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental schedule is the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental schedule reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedule. In forming our opinion on the supplemental schedule, we evaluated whether the supplemental schedule, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental schedule is fairly stated in all material respects in relation to the financial statements as a whole.


/s/ BDO USA, LLP
Costa Mesa, California
June 26, 2015


4











Financial Statements
____________________________________________________________________________________________________















5



Statements of Net Assets Available for Plan Benefits
Edison 401(k) Savings Plan
 
December 31,
(in thousands)
2014
 
2013
Assets
 
 
 
Investments, at fair value
$
4,076,668

 
$
3,988,860

Receivables
 
 
 
Notes receivable from participant
81,878

 
91,443

Dividends receivable
4,610

 
4,621

Receivable from brokers and other
285

 
7,157

Total receivables
86,773

 
103,221

Total assets
4,163,441

 
4,092,081

 
 
 
 
Liabilities
 
 
 
Payable to brokers and others
10,376

 
48,555

Total liabilities
10,376

 
48,555

 
 
 
 
Net assets available for plan benefits
$
4,153,065

 
$
4,043,526


See accompanying notes to financial statements.

6



Statements of Changes in Net Assets Available for Plan Benefits
Edison 401(k) Savings Plan
(in thousands)
For year ended
December 31, 2014
Additions
 
Investment income
 
Dividends
$
29,411

Interest income and other
6,792

Net appreciation in fair value of investments
401,025

Total investment income
437,228

Less: Management fees
(5,521
)
Net investment income
431,707

Interest income on notes receivables from participants
3,707

Contributions
 
Employer contributions, net of forfeitures
72,027

Participant and rollover contributions
142,314

Total net contributions
214,341

Total additions
649,755

 
 
Deductions
 
Distributions to participants
540,216

Total deductions
540,216

 
 
Net increase
109,539

Net assets available for plan benefits
 
  Beginning of year
4,043,526

  End of year
$
4,153,065




See accompanying notes to financial statements.

7



NOTES TO FINANCIAL STATEMENTS
1.
Plan Description
The following description of the Edison 401(k) Savings Plan (the “Plan”) provides only general information. The Plan sponsor is the Southern California Edison Company (the “Plan Sponsor”). Participants should refer to the summary plan description and Plan document, as amended, for a more complete description of the Plan's provisions.
Nature of Plan
Eligibility
The Plan is a defined-contribution plan with a 401(k) feature, in which qualifying full-time and part-time employees of Edison International (the “Company”) and many of its subsidiary companies are eligible to participate. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”), as amended. An employee, as defined by the Plan document, is eligible to participate in the Plan immediately upon employment.
Contributions
Subject to statutory limits, all participants may defer pre-tax and after-tax dollars up to 84% of eligible pay. Participating employers provide matching contributions up to 6% of a participant's eligible pay. The Company allows employees who have attained age fifty before the close of a Plan year to make catch up contributions subject to Internal Revenue Service (“IRS”) limitations. Certain participating subsidiaries also provide a fixed profit sharing contribution of 3% of eligible pay each pay period to the accounts of eligible employees. Fixed profit sharing contributions in 2014 amounted to approximately $540,000. The Plan also accepts rollover contributions from other qualified plans.
Vesting
Participants immediately vest in their contributions plus actual earnings thereon. Employer contributions plus actual earnings thereon vest at a rate of 20% per year, except for certain employer contributions made to participating subsidiaries which vest in accordance with the provisions of the Plan document. After five years of service or reaching age 65, all existing and future employer contributions and their related earnings are fully vested.
Forfeitures
At December 31, 2014, and 2013, the unused portion of forfeited non-vested accounts totaled $43,000 and $30,000, respectively. These accounts are used to reduce future employer contributions. During 2014, employer contributions were reduced by $1,455,000 from forfeited non-vested accounts.
Plan Trust
Plan assets are held in trust with State Street Bank and Trust Company (the “Trustee”) for the benefit of participants and their beneficiaries. The mutual covenants to which the Plan Sponsor and the Trustee agree are disclosed in the trust agreement between the Plan Sponsor and the Trustee.
Plan Administration
The Plan is administered by the Southern California Edison Company Benefits Committee (the “Plan Administrator”) and Xerox HR Solutions, LLC is the Plan's record keeper. The Plan provides to participants a detailed description of each investment fund choice and lists the respective investment manager.
Administrative and Investment Expenses
The Plan Sponsor pays the cost of administering the Plan, including fees and expenses of the Trustee and record keeper. The fees, taxes and other expenses incurred by the Trustee or investment managers in making investments are paid out of the applicable investment funds. These expenses also include brokerage fees for sales or purchases of Edison International Common Stock on the open market. No additional costs are incurred in connection with sales of Edison International Common Stock within the trust or the transfer of assets between funds.
Mutual funds pay fees to the Plan record keeper for administrative services to participants that would otherwise have to be provided by the mutual funds. The majority of fees received by the Plan record keeper are used to reduce the record keeping and communication expenses of the Plan paid by the Plan Sponsor. See Note 7 for a discussion of related party transactions.

8



Participant Accounts
Each participant account is adjusted for certain activities, including participant's contribution, the employer's contribution, distributions, loan activities, if applicable, and allocation of investment earnings/losses. Allocation of earnings/losses and expenses is based on account balances. The benefit to which a participant is entitled is the benefit that can be provided from the vested portion of the participant's account.
Notes Receivable from Participants
Participants may borrow from the vested portion of their account, a minimum of $1,000 to a maximum of $50,000, with certain restrictions. Loan transactions are treated as transfers from (to) the investment fund to (from) participant loans. Loan terms range from one to four years for general purpose loans or up to 15 years for the purchase of a primary residence. Loans bear interest at the prime rate in effect at time of loan issuance plus one percent. Interest rates on outstanding loans range from 4.22% to 10.52% as of December 31, 2014 and mature on various dates through November 2029. Principal and interest are paid ratably through payroll deductions. Some separated participants may repay loan obligations directly, rather than through payroll deductions. Participant loans amounted to approximately $81,878,000 and $91,443,000 as of December 31, 2014 and 2013, respectively.
Distribution to Participants
Account balances are distributed as soon as practicable after a participant dies, becomes entitled to and requests a distribution, or terminates employment with an account balance of $5,000 or less. Participants may otherwise delay distribution, subject to the minimum distribution requirements under Internal Revenue Code ("IRC") Section 401(a)-(9). Participants may receive lump sum distributions. An installment form of distribution payment is also available to certain participants. In-service withdrawals may be taken from after-tax contributions, upon attainment of age 59½, or for certain financial hardships. Participants taking in-service withdrawals will be required to pay all applicable taxes on the withdrawals and may be subject to penalty taxes for early withdrawals taken prior to age 59½. Participants who terminate employment with a vested account balance greater than $1,000 but less than or equal to $5,000 will have their vested account balance automatically rolled over to individual retirement accounts (“IRA”) selected by the Chair or Secretary of the Plan Administrator, unless the participants make a timely distribution election.
Edison Mission Energy Chapter 11 Bankruptcy Filing and Sale
In December 2012, Edison Mission Energy and certain of its wholly-owned subsidiaries ("EME") filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court. In March 2014, the Bankruptcy Court approved the sale of substantially all of EME’s assets to NRG Energy, Inc., as well as transactions called for in the Settlement Agreement between EME and Edison International. The sale was completed on April 1, 2014.
As of December 31, 2013 and through March 31, 2014, employees of EME were eligible for benefits in accordance with the provisions of the Plan. Effective April 1, 2014, these employees were no longer eligible for certain benefits, including matching contributions, fixed profit sharing contributions and variable profit sharing contributions. As a result of the completion of the sale of EME, the Plan's distributions increased $63,234,000 and contributions decreased $6,069,000 in 2014 compared to 2013.
In addition, on January 27, 2014, the Plan was amended such that any unvested balance in the Plan for EME's employees as of March 11, 2014 shall fully vest on the date that they cease to be an employee.
Labor Contract Negotiation
Approximately 3,900 of the Company's full-time employees are covered by collective bargaining agreements with the International Brotherhood of Electrical Workers, Local 47 ("IBEW"). The IBEW collective bargaining agreements expired on December 31, 2014 and are currently under negotiation. The parties have agreed to allow the expired agreements to remain in force during ongoing negotiations, subject to either party's right to terminate the agreement on 120 days written notice. The Company has made proposals to IBEW that include, among other things, changes to benefits. The parties have reached a tentative agreement, which is subject to the approval of the IBEW members. As a result, these labor negotiations did not impact the Plan's financial statements at December 31, 2014.

9



2.
Summary of Significant Accounting Policies
Basis of Accounting
The financial statements are prepared and presented on the accrual basis of accounting and in conformity with U.S. generally accepted accounting principles ("GAAP") applicable to employee benefit plans and ERISA.
Use of Estimates
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and changes therein, and disclosure of contingent assets and liabilities. Actual results could differ materially from those estimates.
Risks and Uncertainties
The Plan's investment in Edison International Common Stock amounted to approximately $739,704,000 and $608,398,000 as of December 31, 2014 and 2013, respectively. Such investments represented approximately 18% and 15% of the Plan's net assets as of December 31, 2014 and 2013, respectively. For risks and uncertainties regarding investment in the Company's common stock, participants should refer to the annual report on Form 10-K for the period ended December 31, 2014, and the quarterly report on Form 10-Q for the period ended March 31, 2015 of Edison International.

The Plan provides for various funds that hold investment securities. Investment securities are exposed to various risks such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities and the level of uncertainty related to changes in the value of investment securities, it is at least reasonably possible that changes in risk in the near term could materially affect participants' account balances and the amounts reported in the Statements of Net Assets Available for Plan Benefits and the Statement of Changes in Net Assets Available for Plan Benefits.
The Plan participates in various investment options that include securities of foreign companies, which involve special risks and considerations not typically associated with investing in U.S. companies. These risks include devaluation of currencies, less reliable information about issuers, different securities transaction clearance and settlement practices, and possible adverse political and economic developments. Moreover, securities of many foreign companies and their markets may be less liquid and their prices more volatile than securities of comparable U.S. companies.
Investment Valuation and Income Recognition
The Plan's investments are stated at fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date.
Net Appreciation (Depreciation) in Fair Value of Investments
Realized and unrealized appreciation (depreciation) in the fair value of investments is based on the difference between the fair value of the assets at the beginning of the year, or at the time of assets purchased during the year, and the related fair value on the day investments are sold with respect to realized appreciation (depreciation), or on the last day of the year for unrealized appreciation (depreciation).
Notes Receivable from Participants
Notes receivable from participants are measured at their unpaid principal balance plus any accrued but unpaid interest.
Notes receivable from participants that are in default, as provided in the Plan document, are treated as deemed distributions for active participants, or loan offsets for terminated participants, for tax purposes and also reported as such in the Form 5500. There were no deemed distributions in 2014. Management has determined that to the extent these notes are loan offsets, they are uncollectible and written-off. For the year ended December 31, 2014, $9,676,000 of notes receivable from participants were loan offsets. This amount is included in “Distributions to participants” in the Statements of Changes in Net Assets Available for Plan Benefits.
Distributions to Participants
Distributions to participants, other than notes receivable from participants, are recorded when paid.

10



Fair Value Measurements
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (referred to as an "exit price"). Fair value of an asset or liability considers assumptions that market participants would use in pricing the asset or liability, including assumptions about nonperformance risk. The Plan categorizes financial assets and liabilities into a three-level fair value hierarchy based on valuation inputs used to derive fair value. The hierarchy gives the highest priority to unadjusted quoted market prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are:
Level 1: The fair value of Level 1 assets and liabilities is determined using unadjusted quoted prices in active markets that are available at the measurement date for identical assets and liabilities;
Level 2: Pricing inputs other than Level 1 that are observable, either directly or indirectly, such as quoted market prices for similar assets; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the financial instrument; and
Level 3: The fair value of Level 3 assets and liabilities is determined using the income approach through various models and techniques that require significant unobservable inputs. The Plan does not have any Level 3 assets and liabilities.
The asset or liability's fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques maximize the use of observable inputs and minimize the use of unobservable inputs. There were no changes in the valuation methods during 2014 and 2013. Plan assets carried at fair value are described below.
Edison International Common Stock and investments in equity mutual funds are valued at the unadjusted quoted prices in active or highly liquid and transparent markets and are classified as Level 1.
Collective investment funds and the money market fund are valued at the net asset value of shares held by the Plan and the unit value as reported by the investment manager. These fair values are determined by observable prices and are classified as Level 2 because they trade in markets that are not considered active. Collective investment funds consist of fixed income index funds that seek to track the Barclays Capital Aggregate Bond Index, equity index funds that seek to track the performance of the Standard and Poor’s 500 index, the Russell 1000 growth index, the Russell 2500 index, the MSCI AC World Index excluding the U.S., and a fund that invests in inflation-index bonds issued by the U.S. Treasury.
Investments in separately managed accounts (separate accounts) are managed by external investment managers and include the following: Cash and short-term interest bearing investments with initial maturities of three months or less are recorded at cost, plus accrued interest, which approximates fair value. The value of equity investments, real estate investment trusts, and US Treasury investments in separate accounts is based on quoted market prices in active or highly liquid and transparent markets and is therefore classified as Level 1. The fair value of fixed income investments (including asset-backed securities) in separate accounts are based on evaluated prices that reflect significant observable market information but are classified as Level 2 because they trade in markets that are not considered active. Separate accounts also include minor investments in derivative contracts, including options and futures traded in active markets and swap contracts valued at fair value, as determined by the investment managers taking into consideration exchange quotations on underlying instruments, dealer quotations and other market information.
The self-directed brokerage accounts contain investments stated at quoted market prices for equities and mutual funds and therefore are classified as Level 1. Fixed income investments in this category are classified as Level 2.
The preceding methods described may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, although the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.

11



The following presents information about the Plan's investments that are measured at fair value on a recurring basis as of December 31, 2014 and 2013, by level within the fair value hierarchy:
 
Investments at Fair Value as of December 31, 2014
(in thousands)
Level 1
 
Level 2
 
Level 3
 
Total
Edison International common stock fund
$
728,711

 
$
10,993

 
$

 
$
739,704

Money market fund

 
453,499

 

 
453,499

Self-directed brokerage accounts a
350,892

 
1,566

 

 
352,458

Mutual fund
164,874

 

 

 
164,874

Collective investment funds:
 
 
 
 
 
 
 
U.S. stock index fund

 
751,470

 

 
751,470

Treasury inflation protected securities fund

 
139,215

 

 
139,215

International fund

 
335,469

 

 
335,469

Fixed income (bond) fund b

 
99,068

 

 
99,068

Large cap equity fund

 
170,920

 

 
170,920

Small/Mid cap equity fund

 
122,847

 

 
122,847

Total collective investment funds

 
1,618,989

 

 
1,618,989

Separate managed funds:
 
 
 
 
 
 
 
Cash and other short-term investments

 
6,655

 

 
6,655

Mutual funds

 
4,599

 

 
4,599

Fixed income securities b
44,320

 
141,824

 

 
186,144

Common and preferred stocks
 
 
 
 
 
 
 
Large cap equity funds
306,255

 

 

 
306,255

Small/Mid cap equity funds
222,193

 

 

 
222,193

Other
13,113

 
8,185

 

 
21,298

Total separate managed funds
585,881

 
161,263

 

 
747,144

Total investments at fair value
$
1,830,358

 
$
2,246,310

 
$

 
$
4,076,668


12



 
Investments at Fair Value as of December 31, 2013
(in thousands)
Level 1
 
Level 2
 
Level 3
 
Total
Edison International common stock fund
$
604,434

 
$
3,964

 
$

 
$
608,398

Money market fund

 
492,451

 

 
492,451

Self-directed brokerage accounts a
313,188

 
4,938

 

 
318,126

Mutual fund
185,931

 

 

 
185,931

Collective investment funds:
 
 
 
 
 
 
 
U.S. stock index fund

 
703,164

 

 
703,164

Treasury inflation protected securities fund

 
147,300

 

 
147,300

International fund

 
338,515

 

 
338,515

Fixed income (bond) fund b

 
72,154

 

 
72,154

Large cap equity fund

 
307,117

 

 
307,117

Small/Mid cap equity fund

 
132,650

 

 
132,650

Total collective investment funds

 
1,700,900

 

 
1,700,900

Separate managed funds:
 
 
 
 
 
 
 
Cash and other short-term investments

 
8,928

 

 
8,928

Mutual funds

 
34,116

 

 
34,116

Fixed income securities b
40,057

 
165,067

 

 
205,124

Common and preferred stocks
 
 
 
 
 
 
 
Large cap equity funds
155,157

 

 

 
155,157

Small/Mid cap equity funds
254,030

 

 

 
254,030

Other
12,076

 
13,623

 

 
25,699

Total separate managed funds
461,320

 
221,734

 

 
683,054

Total investments at fair value
$
1,564,873

 
$
2,423,987

 
$

 
$
3,988,860

a 
For self-directed accounts, at December 31, 2014 and 2013, respectively, approximately 43% and 41% was invested in mutual funds, 42% and 41% in equities, 14% and 17% in money market mutual funds and 1% and 1% in fixed-income investments.
b 
The majority of dollar amounts of these securities consist of U.S. government securities and agency securities including U.S. treasury notes and bonds.
The Plan determines the fair value for transfers in and transfers out of each level at the end of each reporting period. There were no transfers between levels during 2014 and 2013.
New Accounting Guidance Not Yet Adopted
On May 1, 2015, the FASB issued an accounting standards update which removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using net asset value per share or its equivalent. This new guidance is effective January 1, 2016.
3.
Investment Elections
The Trustee invests contributions in accordance with participant instructions.
Participants may elect changes to their investment mix effective each business day, with certain restrictions. The Plan imposes a seven-day trading restriction for most participants that applies to all funds except the Edison International Common Stock Fund. Reallocation elections are also subject to trading restrictions, redemption fees, or other measures imposed by investment fund managers. Participants may effect changes to their deferral percentages and deferral investment elections coincident with their pay frequency.
4.
Investment Options
The transfer of a participant's investment from one fund to any other fund is based on the net asset value of the units allocated to the participant's account, as of close of market on the date of transfer.

13



As of December 31, 2014, all participants were able to choose from among 18 investment fund offerings. These investment funds consisted of the following:
Tier 1 – Ten Target Date Funds: Premixed allocation of stocks, bonds and cash. Each Target Date fund is built from a combination of the Tier 2 core funds and designed to be more conservative over time as each fund approaches its target date.
Tier 2 – Edison International Common Stock Fund and Seven Institutional Funds representing a range of asset classes: large and small U.S. stocks (including Edison International Common Stock), cash equivalents, non-U.S. stocks and fixed income instruments, with varying degrees of risk and return.
Tier 3 – Self-Directed Brokerage Accounts: Allows participants to select investments from among thousands of publicly traded securities including individual equities, mutual funds, fixed income products, exchange traded funds, real estate investment trusts, and taxable unit investment trusts.
The Plan Sponsor's Trust Investment Committee may direct the Trustee to establish new investment funds or discontinue existing ones as well as change the investment medium for each investment fund. Participants should refer to the summary plan description for a more complete discussion of the various investment options.
5.
Investments
The following presents investments that represent 5 percent or more of the Plan's net assets:
 
December 31,
(in thousands, except share amounts)
2014
 
2013
Investments at fair value as determined by quoted market prices:
 
 
 
Edison International Common Stock Fund, 11,128,761 and 13,054,717
shares, respectively (See Note 7)
$
739,704

 
$
608,398

Investments at estimated fair value:
 
 
 
Money market fund (see Note 7)
453,499

 
492,451

U.S. stock index fund
751,470

 
703,164

Net Appreciation in Fair Value of Investments:
During 2014, the Plan's investments (including gains and losses on investments bought and sold, as well as held during the year) appreciated in value as follows:
(in thousands)
For year ended
December 31, 2014
Investments at fair value as determined by quoted market prices:
 
Edison International common stock fund
$
224,122

Self-directed brokerage accounts
21,644

 
245,766

Investments at estimated fair value:
 
Investment funds
155,259

Net appreciation in fair value of investments
$
401,025


14



6.
Reconciliation of Financial Statements to Form 5500
The following is a reconciliation of net assets available for plan benefits per the financial statements to the Form 5500:
 
December 31,
(in thousands)
2014
 
2013
Net assets available for plan benefits per the financial statements
$
4,153,065

 
$
4,043,526

Less: Amounts allocated to withdrawing participants
(1,253
)
 
(2,619
)
Net assets available for plan benefits per the Form 5500
$
4,151,812

 
$
4,040,907

 
 
 
 
The following is a reconciliation of total deductions per the financial statements to the Form 5500:

(in thousands)
 
 
For year ended
December 31, 2014
Total deductions per the financial statements
 
 
$
540,216

Add: Amounts allocated to withdrawing participants at December 31, 2014
 
 
1,253

Less: Amounts allocated to withdrawing participants at December 31, 2013
 
 
(2,619
)
Benefits paid to participants per the Form 5500
 
 
$
538,850

Amounts allocated to withdrawing participants are recorded on the Form 5500 for benefit claims that have been processed and approved for payment prior to December 31 but not paid as of that date.
7.
Related-Party Transactions
Certain Plan investments, including investments held in the trust, are shares of funds managed by the Trustee. The Plan also invests in the Edison International Common Stock Fund. The Plan Sponsor provides services to the Plan. These transactions qualify as party-in-interest transactions under ERISA.
The Money Market Fund is managed by State Street Bank and Trust Company, which also serves as the Plan's Trustee. Fees earned by the Trustee in its capacity as fund manager for the Plan were $233,000 for 2014 and were reported as “Management fees” on the Statement of Changes in Net Assets Available for Plan Benefits.
The Plan's investment options include the Company's Common Stock as a fund option. See Note 2 for a discussion of the amount of the Plan's investment in the Company's Common Stock. In addition, State Street Global Advisors, an affiliate of State Street Bank and Trust Company, is the investment manager of the Edison International Common Stock Fund. Fees earned by State Street Global Advisors in its capacity as the investment manager of the Edison International Common Stock Fund were $106,000 for 2014 and were reported as “Management fees” on the Statement of Changes in Net Assets Available for Plan Benefits.
Certain investment fund managers have provided credits to Xerox HR Solutions LLC of $424,000 for administrative and other services rendered to the Plan by the Plan Sponsor. These credits were used to reduce Xerox HR Solutions LLC’s charge to the Plan Sponsor for services provided to the Plan.
See Note 10 below regarding Edison International Common Stock Fund dividend payments.
8.
Plan Termination
Although it has not expressed intent to do so, the Plan Sponsor has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participants will become fully vested in their accounts. The Trust will continue after termination until all Trust assets have been distributed to participants and their beneficiaries.
9.
Tax Status
The IRS has determined and informed the Plan Sponsor by a letter dated September 29, 2014 that the Plan and related trust are designed in accordance with the applicable qualification sections of the IRC.
Accounting principles generally accepted in the United States require Plan management to evaluate tax positions taken by the Plan and recognize a tax liability if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Plan administrator has analyzed the tax positions taken by the Plan, and has concluded that

15



as of December 31, 2014, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits relative to the Plan for any tax periods in progress. The Plan administrator believes it is no longer subject to income tax examination for years prior to 2011.
10.
Employee Stock Ownership Plan
The Edison International Common Stock Fund constitutes an employee stock ownership plan that allows for the current distribution of dividends to the accounts of all participants through the Plan. Such distributions amounted to approximately $2,778,000 for the year ended December 31, 2014. On December 11, 2014, the Board of Directors of Edison International declared a common stock dividend of $0.4175 per share which was paid on February 2, 2015 to the shareholders of record as of December 31, 2014. As the record date was at year end, dividend income of $0.4175 per share amounting to approximately $4,610,000 was accrued and included in “Dividends receivable” in the accompanying financial statements at December 31, 2014. For the year ended December 31, 2013, $4,621,000 was accrued in dividend receivable and paid on April 30, 2014.

16











Supplemental Schedule
____________________________________________________________________________________________________















17




Form 5500 Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
December 31, 2014
Edison 401(k) Savings Plan
 
 
 
 
EIN: 95-1240335
 
 
 
 
Plan Number: 002
 
 
 
 
 
 
(a)
(b)
 
(c)
(d)
(e)
 
Identity of Issue, Borrower, Lessor, or Similar Party
 
Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value
Cost**
Current Value
(in thousands)
Edison International common stock fund
* 
Edison International
 
Common stock - no par value
 
$
739,704

Money market fund
* 
State Street Bank & Trust Co.
 
Money market fund - collective instrument in the State Street Bank short-term income fund
 
453,499

Investment funds
 
BlackRock Global Investors
 
Collective investment in the core Standard & Poor 500 index fund
 
751,470

 
BlackRock Global Investors
 
Collective investment in the core treasury inflation protected securities fund
 
139,215

 
PIMCO***
 
Separate managed account in the core bond fund
 
102,571

 
BlackRock Global Investors
 
Collective investment in the core bond fund
 
99,068

 
Dodge & Cox***
 
Separate managed account in the core bond fund
 
97,752

 
Thornburg Investment
 
Collective investment in the core international stock fund
 
173,784

 
Dodge & Cox
 
Mutual fund in the core international stock fund
 
164,874

 
BlackRock Global Investors
 
Collective investment in the core international stock fund
 
161,685

 
BlackRock Global Investors
 
Collective investment in the core Standard & Poor 500 index (large company stock) fund
 
170,920

 
Institutional Capital Corporation***
 
Separate managed account in the core U.S. large company stock fund
 
157,322

 
Westwood Group***
 
Separate managed account in the core U.S. small-medium company stock fund
 
59,165

 
Delaware Investments***
 
Separate managed account in the core U.S. small-medium company stock fund
 
60,812

 
BlackRock Global Investors
 
Collective investment in the core U.S. small-medium company stock fund
 
122,847

 
AJO Partners***
 
Separate managed account in the core U.S. small-medium company stock fund
 
59,239

 
Next Century***
 
Separate managed account in the core U.S. small-medium company stock fund
 
59,323

 
Loomis Sayles***
 
Separate managed account in the core U.S. large company stock fund
 
150,960

 
 
 
Total common collective and separate managed funds
 
2,531,007

Self-directed brokerage accounts
 
Charles Schwab
 
Self-directed brokerage accounts
 
352,458

 
 
 
Total investments
 
4,076,668

Notes receivable from participants
* 
Notes receivable from participants
 
Loans with maturities varying from one to four years (or up to 15 years for purchase of a primary residence) and interest rates of 4.22% to 10.52%
 
81,878

 
 
 
Total
 
$
4,158,546

*  
Party-in-interest
** 
Investments are participant-directed; therefore, disclosure of cost is not required.
*** See investment details of the separate managed investments in the appendix of the Schedule of Assets.



18



Appendix of Schedule H - Schedule of Assets (Held at End of Year)
December 31, 2014
Edison 401(k) Savings Plan
 
 
 
EIN: 95-1240335
 
 
 
 
Plan Number: 002
 
 
 
 
 
 
 
(a)
(b)
 
(c)

(e)
 
Identity of Issuer, Borrower, Lessor, or Similar Party
 
Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value

Current Value
 
PIMCO
 
AETNA INC SR UNSECURED 11/24 3.5
 
$
559,042

 
 
 
FNMA TBA 15 YR 3.5 SINGLE FAMILY MORTGAGE
 
1,054,824

 
 
 
FNMA TBA 30 YR 5 SINGLE FAMILY MORTGAGE
 
1,103,574

 
 
 
FNMA TBA 30 YR 6 SINGLE FAMILY MORTGAGE
 
(1,134,023
)
 
 
 
ALLY FINANCIAL INC COMPANY GUAR 02/15 8.3
 
502,500

 
 
 
ALLY FINANCIAL INC COMPANY GUAR 02/17 5.5
 
525,000

 
 
 
ALLY FINANCIAL INC COMPANY GUAR 06/15 4.625
 
201,500

 
 
 
AMAZON.COM INC SR UNSECURED 12/21 3.3
 
354,792

 
 
 
AMAZON.COM INC SR UNSECURED 12/24 3.8
 
486,647

 
 
 
AMGEN INC SR UNSECURED 05/19 2.2
 
647,268

 
 
 
APPLE INC SR UNSECURED 05/21 2.85
 
102,296

 
 
 
MORGAN STANLEY + CO INC CASH COLL (CCP)
 
69,000

 
 
 
BP CAPITAL MARKETS PLC COMPANY GUAR 11/22 2.5
 
232,932

 
 
 
BANC OF AMERICA COMMERCIAL MOR BACM 2006 5 A2
 
290,719

 
 
 
BANK OF AMERICA CORP SR UNSECURED 04/15 4.5
 
1,312,215

 
 
 
BANK OF AMERICA CORP SR UNSECURED 03/16 3.625
 
1,439,333

 
 
 
BARCLAYS CASH COLLATERAL CCBCYCUS6
 
9,000

 
 
 
BEAR STEARNS ADJUSTABLE RATE M BSARM 2004 10 11A1
 
557,391

 
 
 
BEAR STEARNS COMMERCIAL MORTGA BSCMS 2005 PW10 A4
 
502,699

 
 
 
CD COMMERCIAL MORTGAGE TRUST CD 2005 CD1 A4
 
570,623

 
 
 
COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2004 28CB 5A1
 
329,826

 
 
 
COUNTRYWIDE HOME LOANS CWHL 2004 HYB2 6A
 
300,140

 
 
 
CARDINAL HEALTH INC SR UNSECURED 11/19 2.4
 
498,374

 
 
 
CISCO SYSTEMS INC SR UNSECURED 09/15 VAR
 
1,300,034

 
 
 
CITIGROUP MORTGAGE LOAN TRUST CMLTI 2005 8 3A1
 
394,634

 
 
 
CITIGROUP CAPITAL XIII PREFERRED STOCK 10/40 VAR
 
265,800

 
 
 
CLOROX COMPANY SR UNSECURED 01/15 5
 
700,838

 
 
 
CONOCOPHILLIPS COMPANY GUAR 11/21 2.875
 
605,982

 
 
 
CREDIT SUISSE MORTGAGE TRUST CSMC 2006 C5 A1A
 
1,069,963

 
 
 
CREDIT SUISSE NY
 
1,400,000

 
 
 
DEUTSCHE TELEKOM INT FIN COMPANY GUAR 03/16 5.75
 
316,799

 
 
 
DISH DBS CORP COMPANY GUAR 04/18 4.25
 
1,429,750

 
 
 
EKSPORTFINANS ASA SR UNSECURED 09/15 2
 
901,053

 
 
 
FANNIE MAE NOTES 05/17 5
 
109,414

 
 
 
FANNIE MAE NOTES 02/18 0.875
 
98,854

 
 
 
FANNIE MAE NOTES 05/18 0.875
 
98,337

 
 
 
FANNIE MAE NOTES 09/18 1.875
 
101,628

 
 
 
FANNIE MAE FNR 2012 55 PC
 
1,765,401

 
 
 
FNMA POOL 257290 FN 07/18 FIXED 4.5
 
745,640

 
 
 
FREDDIE MAC FHR 3901 LA
 
131,484


19



Appendix of Schedule H - Schedule of Assets (Held at End of Year)
December 31, 2014
Edison 401(k) Savings Plan
 
 
 
EIN: 95-1240335
 
 
 
 
Plan Number: 002
 
 
 
 
 
 
 
(a)
(b)
 
(c)

(e)
 
Identity of Issuer, Borrower, Lessor, or Similar Party
 
Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value

Current Value
 
PIMCO
 
FREDDIE MAC NOTES 10/19 1.25
 
$
3,717,810

 
 
 
FREDDIE MAC NOTES 01/18 0.75
 
4,632,550

 
 
 
FREDDIE MAC NOTES 03/18 0.875
 
98,795

 
 
 
FNMA POOL 469379 FN 11/21 FIXED 3.14
 
3,591,272

 
 
 
FNMA POOL 471600 FN 06/22 FIXED 2.64
 
303,856

 
 
 
FNMA POOL AH2317 FN 02/41 FIXED 6
 
19,371

 
 
 
FNMA POOL AL1983 FN 05/22 FIXED VAR
 
512,290

 
 
 
FNMA POOL AW3558 FN 05/29 FIXED 3
 
493,164

 
 
 
FNMA POOL 654528 FN 12/17 FIXED 4.5
 
114,522

 
 
 
FANNIE MAE FNR 2004 10 ZB
 
56,826

 
 
 
FREDDIE MAC FHR 2882 ZC
 
15,810

 
 
 
FNMA POOL 702657 FN 06/18 FIXED 4.5
 
124,516

 
 
 
FNMA POOL 725236 FN 03/34 FIXED VAR
 
18,260

 
 
 
FNMA POOL 831834 FN 09/36 FIXED 6
 
1,285,430

 
 
 
FNMA POOL 888638 FN 09/37 FIXED VAR
 
552,624

 
 
 
FNMA POOL 894948 FN 08/36 FIXED 6
 
34,998

 
 
 
FNMA POOL 995279 FN 12/38 FIXED VAR
 
29,900

 
 
 
FORD MOTOR CREDIT CO LLC SR UNSECURED 04/15 7
 
1,627,531

 
 
 
GOLDMAN SACHS GROUP INC SR UNSECURED 12/17 VAR
 
998,523

 
 
 
INDU + COML BNK CHINA NY SR UNSECURED 11/19 3.231
 
502,104

 
 
 
INDYMAC INDA MORTGAGE LOAN TRU INDA 2005 AR1 3A1
 
553,437

 
 
 
INGRAM MICRO INC SR UNSECURED 12/24 4.95
 
249,918

 
 
 
INTL LEASE FINANCE CORP SR UNSECURED 03/17 8.75
 
886,000

 
 
 
INTL LEASE FINANCE CORP SR UNSECURED 05/16 5.75
 
311,250

 
 
 
INTESA SANPAOLO NEW YORK CERT OF DEPO 04/15 1.65
 
1,403,310

 
 
 
JPMORGAN CHASE + CO SR UNSECURED 02/17 VAR
 
897,728

 
 
 
JP MORGAN MORTGAGE TRUST JPMMT 2005 A5 2A2
 
1,587,341

 
 
 
JPMORGAN CHASE + CO SR UNSECURED 06/15 3.4
 
1,519,415

 
 
 
JP MORGAN CHASE COMMERCIAL MOR JPMCC 2006 LDP8 A1A
 
177,656

 
 
 
KLA TENCOR CORP SR UNSECURED 11/21 4.125
 
102,433

 
 
 
KLA TENCOR CORP SR UNSECURED 11/24 4.65
 
310,574

 
 
 
KINDER MORGAN INC/DELAWA COMPANY GUAR 12/19 3.05
 
99,205

 
 
 
KOREA DEVELOPMENT BANK SR UNSECURED 08/17 3.5
 
208,198

 
 
 
KRAFT FOODS GROUP INC SR UNSECURED 06/15 1.625
 
401,704

 
 
 
KROGER CO/THE COMPANY GUAR 10/15 3.9
 
735,462

 
 
 
MCKESSON CORP SR UNSECURED 09/15 VAR
 
900,281

 
 
 
MERRILL LYNCH MORTGAGE INVESTO MLMI 2003 A2 2A2
 
98,039

 
 
 
MLCC MORTGAGE INVESTORS INC MLCC 2004 G A1
 
139,287


20



Appendix of Schedule H - Schedule of Assets (Held at End of Year)
December 31, 2014
Edison 401(k) Savings Plan
 
 
 
EIN: 95-1240335
 
 
 
 
Plan Number: 002
 
 
 
 
 
 
 
(a)
(b)
 
(c)
 
(e)
 
Identity of Issuer, Borrower, Lessor, or Similar Party
 
Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value
 
Current Value
 
PIMCO
 
MORGAN STANLEY CAPITAL I TRUST MSC 2005 HQ7 A4
 
$
450,418

 
 
 
MORGAN STANLEY SR UNSECURED 05/19 7.3
 
474,458

 
 
 
MORGAN STANLEY CAPITAL I TRUST MSC 2007 HQ13 A2
 
784,620

 
 
 
HELLENIC RAILWAY ORG GOVT GUARANT 12/16 4.5
 
86,495

 
 
 
ONEOK PARTNERS LP COMPANY GUAR 02/16 3.25
 
306,007

 
 
 
OWENS CORNING COMPANY GUAR 12/24 4.2
 
246,717

 
 
 
PETROBRAS GLOBAL FINANCE COMPANY GUAR 03/18 5.875
 
585,882

 
 
 
PETROBRAS GLOBAL FINANCE COMPANY GUAR 03/19 7.875
 
1,052,370

 
 
 
PIMCO FDS SHORT TERM FLTG NAV MUTUAL FUND
 
4,599,337

 
 
 
SLM STUDENT LOAN TRUST SLMA 2002 7X A5 REGS
 
54,785

 
 
 
RESIDENTIAL ACCREDIT LOANS, IN RALI 2005 QA1 A1
 
319,807

 
 
 
ROYAL BK OF CANADA
 
1,295,057

 
 
 
NAVIENT CORP SR UNSECURED 01/17 6
 
733,250

 
 
 
SAN FRANCISCO CITY CNTY CA C SFOCTF 11/41 FIXED 6.487
 
1,936,710

 
 
 
SANTANDER DRIVE AUTO RECEIVABL SDART 2014 4 A1
 
370,007

 
 
 
SPRINT CAPITAL CORP COMPANY GUAR 05/19 6.9
 
204,000

 
 
 
STATOIL ASA COMPANY GUAR 11/18 VAR
 
901,352

 
 
 
STATE STREET BANK + TRUST CO SHORT TERM INVESTMENT FUND
 
83,660

 
 
 
STRUCTURED ADJUSTABLE RATE MOR SARM 2005 2 A2
 
143,231

 
 
 
STRUCTURED ASSET SECURITIES CO SASC 2004 13 2A1
 
682,560

 
 
 
TELEFONICA EMISIONES SAU COMPANY GUAR 02/16 3.992
 
308,548

 
 
 
THORNBURG MORTGAGE SECURITIES TMST 2006 5 A1
 
167,640

 
 
 
TSY INFL IX N/B 01/25 2.375
 
8,430,239

 
 
 
US TREASURY N/B 05/44 3.375
 
4,615,702

 
 
 
US TREASURY N/B 08/44 3.125
 
9,473,746

 
 
 
US TREASURY N/B 09/21 2.125
 
657,313

 
 
 
US TREASURY N/B 11/24 2.25
 
4,857,419

 
 
 
US TREASURY N/B 12/17 1
 
399,062

 
 
 
UNITEDHEALTH GROUP INC SR UNSECURED 12/19 2.3
 
602,478

 
 
 
VERIZON COMMUNICATIONS SR UNSECURED 09/23 5.15
 
110,423

 
 
 
VERIZON COMMUNICATIONS SR UNSECURED 11/21 3
 
961,578

 
 
 
WACHOVIA BANK COMMERCIAL MORTG WBCMT 2006 C27 A1A
 
120,660

 
 
 
WALGREENS BOOTS ALLIANCE SR UNSECURED 05/16 VAR
 
499,985

 
 
 
WELLS FARGO MORTGAGE BACKED SE WFMBS 2003 E A1
 
444,858

 
 
 
WELLS FARGO HOME EQUITY TRUST WFHET 2005 2 M5
 
104,479

 
 
 
DEUTCHE BANK CCD CCDEUCUS4 DEUTCHE CCD
 
1,000

 
 
 
GOLDMAN CCP USD GOLDMAN CCP CCGSCCUS0
 
460,000

 
 
 
WORLD OMNI AUTOMOBILE LEASE SE WOLS 2014 A A1
 
200,332



21



Appendix of Schedule H - Schedule of Assets (Held at End of Year)
December 31, 2014
Edison 401(k) Savings Plan
 
 
 
EIN: 95-1240335
 
 
 
 
Plan Number: 002
 
 
 
 
 
 
 
(a)
(b)
 
(c)
 
(e)
 
Identity of Issuer, Borrower, Lessor, or Similar Party
 
Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value
 
Current Value
 
PIMCO
 
CCFOBZUS0 CREDIT SUISSE CCP US CCFOBZUS0 CASH COLL CCP COC US
 
$
413,000

 
 
 
SWAP BANK OF AMERICA BOC SWAP CASH COLLATERAL USD
 
(270,000
)
 
 
 
MORGAN STANLEY CAP SVCS BOC SWAP CASH COLLATERAL USD
 
(33,000
)
 
 
 
SWPC383G9 CDS USD R F 5.00000
 
280,026

 
 
 
SWPC383G9 CDS USD P V 03MEVENT
 
(282,000
)
 
 
 
SWPC885M9 CDS USD R F 1.00000
 
1,317,408

 
 
 
SWPC885M9 CDS USD P V 03MEVENT
 
(1,300,000
)
 
 
 
SWU001RO4 IRS MXN R F 5.50000 VANILLA
 
19,838

 
 
 
SWU001RO4 IRS MXN P V 01MTIIE VANILLA
 
(20,353
)
 
 
 
SWU003FJ4 IRS USD R F 1.00000 OIS 1.0 FEDL01 101515 CME CCP
 
993,418

 
 
 
SWU003FJ4 IRS USD P V 00MFFED FEDL01 10/15/15 CME CCP
 
(1,000,000
)
 
 
 
SWU004M21 IRS MXN R F 5.75000 VANILLA
 
6,686

 
 
 
SWU004M21 IRS MXN P V 01MTIIE VANILLA
 
(6,784
)
 
 
 
SWU004MY1 IRS MXN R F 5.75000 VANILLA
 
6,686

 
 
 
SWU004MY1 IRS MXN P V 01MTIIE VANILLA
 
(6,784
)
 
 
 
SWU004NJ3 IRS MXN R F 5.75000 VANILLA
 
3,343

 
 
 
SWU004NJ3 IRS MXN P V 01MTIIE VANILLA
 
(3,392
)
 
 
 
BWU004X94 IRS USD R V 03MLIBOR CME CCP
 
1,745,401

 
 
 
BWU004X94 IRS USD P F 3.50000 CME CCP
 
(2,100,000
)
 
 
 
SWPC00Y83 CDS USD R F 1.00000 SOVEREIGN
 
398,613

 
 
 
SWPC00Y83 CDS USD P V 03MEVENT SOVEREIGN
 
(400,000
)
 
 
 
SWPC236P8 CDS USD R F 1.00000 SOVEREIGN
 
1,594,454

 
 
 
SWPC236P8 CDS USD P V 03MEVENT SOVEREIGN
 
(1,600,000
)
 
 
 
SWPC02DJ8 CDS USD R F 1.00000
 
4,024,993

 
 
 
SWPC02DJ8 CDS USD P V 03MOTC
 
(4,000,000
)
 
 
 
SWPC02PY2 CDS USD R F 1.00000 CORPORATE
 
1,843,693

 
 
 
SWPC02PY2 CDS USD P V 03MEVENT CORPORATE
 
(1,800,000
)
 
 
 
SWPC02RC8 CDS USD R F 1.00000 CORPORATE
 
1,846,439

 
 
 
SWPC02RC8 CDS USD P V 03MEVENT CORPORATE
 
(1,800,000
)
 
 
 
SWPC02RA2 CDS USD R F 1.00000 CORPORATE
 
1,837,406

 
 
 
SWPC02RA2 CDS USD P V 03MEVENT CORPORATE
 
(1,800,000
)
 
 
 
SWPC02R87 CDS USD R F 1.00000 CORPORATE
 
1,832,890

 
 
 
SWPC02R87 CDS USD P V 03MEVENT CORPORATE
 
(1,800,000
)
 
 
 
SWPC03EO4 CDS USD R F 1.00000 SOVEREIGN
 
896,506

 
 
 
SWPC03EO4 CDS USD P V 03MEVENT SOVEREIGN
 
(900,000
)
 
 
 
SWPC03EP1 CDS USD R F 1.00000 SOVEREIGN
 
597,670

 
 
 
SWPC03EP1 CDS USD P V 03MEVENT SOVEREIGN
 
(600,000
)
 
 
 
SWPC03EQ9 CDS USD R F 1.00000 SOVEREIGN
 
896,506


22



Appendix of Schedule H - Schedule of Assets (Held at End of Year)
December 31, 2014
Edison 401(k) Savings Plan
 
 
 
EIN: 95-1240335
 
 
 
 
Plan Number: 002
 
 
 
 
 
 
 
(a)
(b)
 
(c)
 
(e)
 
Identity of Issuer, Borrower, Lessor, or Similar Party
 
Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value
 
Current Value
 
PIMCO
 
SWPC03EQ9 CDS USD P V 03MEVENT SOVEREIGN
 
$
(900,000
)
 
 
 
SWPC03FY1 CDS USD R F 1.00000 SOVEREIGN
 
397,669

 
 
 
SWPC03FY1 CDS USD P V 03MEVENT SOVEREIGN
 
(400,000
)
 
 
 
SWPC04S66 CDS EUR R F 1.00000 FIX SOVEREIGN
 
572,185

 
 
 
SWPC04S66 CDS EUR P V 03MEVENT FLO SOVEREIGN
 
(605,025
)
 
 
 
SWPC04XX1 CDS USD R F 1.00000 4AB951AB1
 
301,761

 
 
 
SWPC04XX1 CDS USD P V 00MEVENT US465410AH18
 
(300,000
)
 
 
 
SWU009GC5 IRS MXN R F 5.50000 SWU009GC5 CCPVANILLA CME
 
132,382

 
 
 
SWU009GC5 IRS MXN P V 01MTIIE SWUV09GC7 CCPVANILLA CME
 
(135,688
)
 
 
 
SWPC02J45 CDS USD R F .11000 1 ABX
 
1,012,004

 
 
 
SWPC02J45 CDS USD P V 01MEVENT 2 ABX
 
(1,265,252
)
 
 
 
SWPC02J52 CDS USD R F .11000 1 ABX
 
289,144

 
 
 
SWPC02J52 CDS USD P V 01MEVENT 2 ABX
 
(361,500
)
 
 
 
BWU009X02 IRS USD R V 03MLIBOR SWUV09X04 CCPVANILLA
 
4,964,628

 
 
 
BWU009X02 IRS USD P F 3.00000 SWU009X02 CCPVANILLA
 
(5,300,000
)
 
 
 
SWU00AFR0 IRS MXN R F 5.60000 SWU00AFR0 CCPVANILLA CME
 
417,474

 
 
 
SWU00AFR0 IRS MXN P V 01MTIIE SWUV0AFR2 CCPVANILLA CME
 
(407,063
)
 
 
 
SWU00AFO7 IRS MXN R F 5.00000 SWU00AFO7 CCPVANILLA CME
 
27,457

 
 
 
SWU00AFO7 IRS MXN P V 01MTIIE SWUV0AFO9 CCPVANILLA CME
 
(27,138
)
 
 
 
SWU00AI63 IRS MXN R F 6.35000 SWU00AI63 CCPVANILLA
 
35,221

 
 
 
SWU00AI63 IRS MXN P V 01MTIIE SWUV0AI65 CCPVANILLA
 
(33,922
)
 
 
 
SWPC06NT6 CDS USD R F 1.00000 FIX SOVEREIGN
 
297,115

 
 
 
SWPC06NT6 CDS USD P V 03MEVENT FLO SOVEREIGN
 
(300,000
)
 
 
 
SWPC06O16 CDS USD R F 1.00000 FIX SOVEREIGN
 
297,115

 
 
 
SWPC06O16 CDS USD P V 03MEVENT FLO SOVEREIGN
 
(300,000
)
 
 
 
SWPC06SY0 CDS USD R F 1.00000 FIX SOVEREIGN
 
198,077

 
 
 
SWPC06SY0 CDS USD P V 03MEVENT FLO SOVEREIGN
 
(200,000
)
 
 
 
SWPC06WV1 CDS USD R F 1.00000 1 CCPCDX
 
22,556,727

 
 
 
SWPC06WV1 CDS USD P V 03MEVENT 2 CCPCDX
 
(22,200,000
)
 
 
 
BWU00AO66 IRS USD R V 03MLIBOR SWUV0AO68 CCPVANILLA
 
2,631,909

 
 
 
BWU00AO66 IRS USD P F 2.55000 SWU00AO66 CCPVANILLA
 
(2,700,000
)
 
 
 
SWPC07DX6 CDS USD R F 1.00000 FIX SOVEREIGN
 
403,584

 
 
 
SWPC07DX6 CDS USD P V 03MEVENT FLO SOVEREIGN
 
(400,000
)
 
 
 
SWPC31H95 CDS USD R F 5.00000 FIX CDXTRANCHE
 
284,857

 
 
 
SWPC31H95 CDS USD P V 03MEVENT FLO CDXTRANCHE
 
(250,000
)
 
 
 
SWPC31J02 CDS USD R F 5.00000 FIX CDXTRANCHE
 
284,857

 
 
 
SWPC31J02 CDS USD P V 03MEVENT FLO CDXTRANCHE
 
(250,000
)
 
 
 
SWPC07B18 CDS USD R F 5.00000 FIX CORPORATE
 
203,733



23



Appendix of Schedule H - Schedule of Assets (Held at End of Year)
December 31, 2014
Edison 401(k) Savings Plan
 
 
 
EIN: 95-1240335
 
 
 
 
Plan Number: 002
 
 
 
 
 
 
 
(a)
(b)
 
(c)
 
(e)
 
Identity of Issuer, Borrower, Lessor, or Similar Party
 
Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value
 
Current Value
 
PIMCO
 
SWPC07B18 CDS USD P V 03MEVENT FLO CORPORATE
 
$
(200,000
)
 
 
 
SWU00B664 IRS MXN R F 6.00000 SWU00B664 CCPVANILLA CME
 
6,810

 
 
 
SWU00B664 IRS MXN P V 01MTIIE SWUV0B666 CCPVANILLA CME
 
(6,784
)
 
 
 
SWU00A3Z5 IRS MXN R F 5.75000 SWU00A3Z5 CCPVANILLA CME
 
3,344

 
 
 
SWU00A3Z5 IRS MXN P V 01MTIIE SWUV0A3Z7 CCPVANILLA CME
 
(3,392
)
 
 
 
SWU00B649 IRS MXN R F 5.75000 SWU00B649 CCPVANILLA CME
 
68,720

 
 
 
SWU00B649 IRS MXN P V 01MTIIE SWUV0B641 CCPVANILLA CME
 
(67,844
)
 
 
 
BWU00B888 IRS USD R V 03MLIBOR SWUV0B880 CCPVANILLA
 
3,491,881

 
 
 
BWU00B888 IRS USD P F 1.80000 SWU00B888 CCPVANILLA
 
(3,500,000
)
 
 
 
BWU00B938 IRS USD R V 03MLIBOR SWUV0B930 CCPVANILLA
 
1,692,028

 
 
 
BWU00B938 IRS USD P F 1.85000 SWU00B938 CCPVANILLA
 
(1,700,000
)
 
 
 
3175030L5 OTC EPUT USD VS JPY FEB19 80.0 PUT
 
(1,560
)
 
 
 
317U557G4 IRO EUR 10Y GLM JAN15 1.2 CALL
 
(67,022
)
 
 
 
317U729G7 IRO USD 10Y P 2.8000 FEB15 2.8 PUT
 
(110
)
 
 
 
317U958G9 IRO USD 5Y P 2.6000 SEP15 2.6 PUT
 
(7,878
)
 
 
 
317U986G5 IRO EUR 10Y C 0.9500 MAR15 0.95 CALL
 
(5,743
)
 
 
 
317U987G4 IRO EUR 10Y P 1.5500 MAR15 1.55 PUT
 
(81
)
 
 
 
317515NM2 CDX.O P 1.10 IG23 5Y JAN15 1.1 PUT
 
(60
)
 
 
 
317541GI5 ITRAXX P1.1EU22 5Y JAN15 1.1 PUT
 
(6
)
 
 
 
317541GL8 ITRAXX.O P 1.20 EU22 JAN15 1.2 PUT
 
(4
)
 
 
 
317541GT1 ITRAXX.O C 0.60 EU22 JAN15 0.6 CALL
 
(1,296
)
 
 
 
317541GQ7 ITRAXX.O P 1.00 EU22 JAN15 1 PUT
 
(33
)
 
 
 
317541GW4 ITRAXX.O EU22 5Y GST JAN15 0.6 CALL
 
(707
)
 
 
 
317541GV6 ITRAXX.O EU22 5Y GST JAN15 1 PUT
 
(33
)
 
 
 
317541LV0 ITRAXX.O P 0.90 EU22 JAN15 0.9 PUT
 
(78
)
 
 
 
317541LX6 ITRAXX.O P 0.90 EU22 JAN15 0.9 PUT
 
(78
)
 
 
 
317541LW8 ITRAXX.O C 0.60 EU22 JAN15 0.6 CALL
 
(589
)
 
 
 
317541HG8 ITRAXX.O EU22 5Y SOG JAN15 0.9 PUT
 
(47
)
 
 
 
317541HI4 ITRAXX.O C 0.60 EU22 JAN15 0.6 CALL
 
(353
)
 
 
 
3175NAB24 CDX.O C 0.55 IG23 5Y FEB15 0.55 CALL
 
(435
)
 
 
 
3175NAB16 CDX.O P 0.80 IG23 5Y FEB15 0.8 PUT
 
(5,175
)
 
 
 
317541T59 ITRAXX.O C 0.55 EU22 FEB15 0.55 CALL
 
(377
)
 
 
 
317541F62 ITRAXX.O P 0.85 EU22 FEB15 0.85 PUT
 
(379
)
 
 
 
317U480H4 IRO USD 2Y C 1.1400 DEC15 1.14 CALL
 
29,782

 
 
 
317U476H0 IRO USD 10Y C 2.1500 DEC15 2.15 CALL
 
(43,258
)
 
 
 
317U518H0 IRO USD 10Y P 2.4200 JAN15 2.42 PUT
 
(1,566
)
 
 
 
3175NA232 CDX.O P 0.85 IG23 5Y FEB15 0.85 PUT
 
(2,334
)
 
 
 
317U536H8 IRO USD 10Y C 2.0000 DEC15 2 CALL
 
(8,354
)

24



Appendix of Schedule H - Schedule of Assets (Held at End of Year)
December 31, 2014
Edison 401(k) Savings Plan
 
 
 
EIN: 95-1240335
 
 
 
 
Plan Number: 002
 
 
 
 
 
 
 
(a)
(b)
 
(c)
 
(e)
 
Identity of Issuer, Borrower, Lessor, or Similar Party
 
Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value
 
Current Value
 
PIMCO
 
317U535H9 IRO USD 2Y C 1.1250 DEC15 1.125 CALL
 
$
7,130

 
 
 
317515QN7 CDX.O P 1.00 IG23 5Y MAR15 1 PUT
 
(2,972
)
 
 
 
3175NA315 ITRAXX.O P 0.90 EU22 JAN15 0.9 PUT
 
(533
)
 
 
 
3175NA323 ITRAXX.O P 0.85 EU22 JAN15 0.85 PUT
 
(399
)
 
 
 
BUONI POLIENNALI DEL TES BONDS 05/17 4.75
 
132,589

 
 
 
BUONI POLIENNALI DEL TES BONDS 06/17 4.75
 
132,902

 
 
 
GRANITE MASTER ISSUER PLC GRANM 2006 1X A7 REGS
 
245,524

 
 
 
BONOS Y OBLIG DEL ESTADO BONDS 01/18 4.5
 
405,654

 
 
 
BUONI POLIENNALI DEL TES BONDS 05/16 2.25
 
371,818

 
 
 
BUONI POLIENNALI DEL TES BONDS 05/17 1.15
 
244,937

 
 
 
LETRA TESOURO NACIONAL BILLS 10/15 0.00000
 
1,030,709

 
 
 
GRANITE MASTER ISSUER PLC GRANM 2005 1 A5 REGS
 
214,819

 
 
 
GRANITE MASTER ISSUER PLC GRANM 2005 1 A6 REGS
 
218,243

 
 
 
ICICI BANK LTD/HONG KONG SR UNSECURED REGS 11/20 5.75
 
1,109,728

 
 
 
 Total PIMCO
 
102,570,970

 
Dodge & Cox
 
TIME WARNER INC COMPANY GUAR 04/31 7.625
 
1,010,748

 
 
 
TIME WARNER INC COMPANY GUAR 05/32 7.7
 
381,466

 
 
 
AT+T INC SR UNSECURED 02/39 6.55
 
616,288

 
 
 
AMERICAN EXPRESS CREDIT ACCOUN AMXCA 2014 4 A
 
499,165

 
 
 
BNP PARIBAS SUBORDINATED 10/24 4.25
 
732,462

 
 
 
BAC CAPITAL TRUST XI LIMITD GUARA 05/36 6.625
 
670,188

 
 
 
BANK OF AMERICA CORP SR UNSECURED 06/19 7.625
 
501,574

 
 
 
BANK OF AMERICA CORP SR UNSECURED 07/20 5.625
 
313,112

 
 
 
BANK OF AMERICA CORP SUBORDINATED 08/24 4.2
 
494,082

 
 
 
BARCLAYS PLC SUBORDINATED 09/24 4.375
 
482,609

 
 
 
BECTON DICKINSON AND CO SR UNSECURED 12/24 3.734
 
128,697

 
 
 
BOSTON PROPERTIES LP SR UNSECURED 05/21 4.125
 
638,654

 
 
 
BOSTON PROPERTIES LP SR UNSECURED 09/23 3.125
 
341,752

 
 
 
BOSTON SCIENTIFIC CORP SR UNSECURED 01/20 6
 
591,664

 
 
 
BURLINGTN NORTH SANTA FE SR UNSECURED 06/21 4.1
 
976,157

 
 
 
CIGNA CORP SR UNSECURED 05/19 8.5
 
221,272

 
 
 
CIGNA CORP SR UNSECURED 06/20 5.125
 
585,070

 
 
 
CIGNA CORP SR UNSECURED 03/41 5.875
 
186,750

 
 
 
CALIFORNIA ST CAS 10/39 FIXED 7.3
 
257,773

 
 
 
CALIFORNIA ST CAS 03/40 FIXED 7.625
 
1,481,275

 
 
 
CAPITAL ONE FINANCIAL CO SR UNSECURED 07/21 4.75
 
964,371

 
 
 
CHASE ISSUANCE TRUST CHAIT 2012 A5 A5
 
535,169



25



Appendix of Schedule H - Schedule of Assets (Held at End of Year)
December 31, 2014
Edison 401(k) Savings Plan
 
 
 
EIN: 95-1240335
 
 
 
 
Plan Number: 002
 
 
 
 
 
 
 
(a)
(b)
 
(c)
 
(e)
 
Identity of Issuer, Borrower, Lessor, or Similar Party
 
Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value
 
Current Value
 
Dodge & Cox
 
CHASE ISSUANCE TRUST CHAIT 2012 A8 A8
 
$
1,126,443

 
 
 
CHASE ISSUANCE TRUST CHAIT 2014 A6 A6
 
1,245,861

 
 
 
CHASE ISSUANCE TRUST CHAIT 2014 A7 A
 
474,954

 
 
 
CITIGROUP INC SR UNSECURED 11/17 6.125
 
250,894

 
 
 
CITIGROUP CAPITAL XIII PREFERRED STOCK 10/40 VAR
 
972,828

 
 
 
COMCAST CORP COMPANY GUAR 02/18 5.875
 
281,281

 
 
 
CONOCOPHILLIPS COMPANY GUAR 11/24 3.35
 
985,088

 
 
 
COX COMMUNICATIONS INC SR UNSECURED 08/28 6.8
 
673,375

 
 
 
DOMINION RESOURCES INC JR SUBORDINA 10/54 VAR
 
495,622

 
 
 
DOW CHEMICAL CO/THE SR UNSECURED 11/29 7.375
 
366,085

 
 
 
DOW CHEMICAL CO/THE SR UNSECURED 05/19 8.55
 
561,947

 
 
 
DOW CHEMICAL CO/THE SR UNSECURED 05/39 9.4
 
405,633

 
 
 
DOW CHEMICAL CO/THE SR UNSECURED 11/20 4.25
 
106,913

 
 
 
ERP OPERATING LP SR UNSECURED 12/21 4.625
 
164,101

 
 
 
ERP OPERATING LP SR UNSECURED 04/23 3
 
316,970

 
 
 
FED HM LN PC POOL G30689 FG 07/32 FIXED 4.5
 
4,677,285

 
 
 
FED HM LN PC POOL G01976 FG 12/33 FIXED 6
 
183,352

 
 
 
FED HM LN PC POOL G07338 FG 10/38 FIXED 6
 
169,583

 
 
 
FED HM LN PC POOL G07480 FG 05/39 FIXED 6
 
859,136

 
 
 
FED HM LN PC POOL G07598 FG 11/43 FIXED 4.5
 
197,505

 
 
 
FED HM LN PC POOL G07857 FG 04/40 FIXED 4.5
 
3,192,643

 
 
 
FED HM LN PC POOL G12511 FG 02/22 FIXED 6
 
931,068

 
 
 
FED HM LN PC POOL G13824 FG 12/24 FIXED 5.5
 
786,473

 
 
 
FED HM LN PC POOL G14585 FG 10/26 FIXED 4
 
924,624

 
 
 
FED HM LN PC POOL G14678 FG 12/26 FIXED 4
 
259,082

 
 
 
FED HM LN PC POOL 1G2201 FH 09/37 FLOATING VAR
 
104,513

 
 
 
FED HM LN PC POOL 849254 FH 01/42 FLOATING VAR
 
414,379

 
 
 
FED HM LN PC POOL 849330 FH 05/44 FLOATING VAR
 
888,793

 
 
 
FED HM LN PC POOL 849505 FH 10/44 FLOATING VAR
 
4,808,428

 
 
 
FED HM LN PC POOL Q02552 FG 08/41 FIXED 4.5
 
213,260

 
 
 
FED HM LN PC POOL Q03086 FG 09/41 FIXED 4.5
 
448,967

 
 
 
FED HM LN PC POOL V80953 FG 01/44 FIXED 4.5
 
386,412

 
 
 
FEDEX CORP 1998 PASS TST PASS THRU CE 07/23 6.72
 
425,577

 
 
 
FANNIE MAE FNR 2013 106 MA
 
228,849

 
 
 
FANNIEMAE ACES FNA 2014 M13 ASQ2
 
241,601

 
 
 
FREDDIE MAC FHR 4283 EW
 
1,211,106

 
 
 
FNMA POOL AL0376 FN 08/38 FLOATING VAR
 
240,118

 
 
 
FNMA POOL AL1845 FN 06/39 FLOATING VAR
 
209,006



26



Appendix of Schedule H - Schedule of Assets (Held at End of Year)
December 31, 2014
Edison 401(k) Savings Plan
 
 
 
EIN: 95-1240335
 
 
 
 
Plan Number: 002
 
 
 
 
 
 
 
(a)
(b)
 
(c)
 
(e)
 
Identity of Issuer, Borrower, Lessor, or Similar Party
 
Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value
 
Current Value
 
Dodge & Cox
 
FNMA POOL AL3997 FN 09/41 FLOATING VAR
 
$
388,384

 
 
 
FNMA POOL AL6209 FN 07/21 FIXED VAR
 
252,368

 
 
 
FNMA POOL AL5957
 
846,885

 
 
 
FNMA POOL AS0923 FN 11/43 FIXED 4.5
 
298,236

 
 
 
FNMA POOL AW4688 FN 05/44 FLOATING VAR
 
435,961

 
 
 
FANNIE MAE FNR 2005 87 FB
 
628,258

 
 
 
FREDDIE MAC FHR 2957 VZ
 
622,175

 
 
 
FANNIE MAE FNR 2009 66 ET
 
231,222

 
 
 
FREDDIE MAC REFERENCE REMIC FHRR R008 ZA
 
260,169

 
 
 
FANNIE MAE FNR 2007 50 DZ
 
404,868

 
 
 
FNMA POOL 704235 FN 05/33 FIXED 5.5
 
129,175

 
 
 
FNMA POOL 725228 FN 03/34 FIXED VAR
 
2,954

 
 
 
FNMA POOL 725229 FN 03/34 FIXED VAR
 
195,734

 
 
 
FNMA POOL 735503 FN 04/35 FIXED VAR
 
4,461

 
 
 
FNMA POOL 888368 FN 03/37 FIXED VAR
 
906,475

 
 
 
FNMA POOL 888560 FN 11/35 FIXED VAR
 
189,445

 
 
 
FNMA POOL 889072 FN 12/37 FIXED VAR
 
740,960

 
 
 
FNMA POOL 889984 FN 10/38 FIXED VAR
 
681,857

 
 
 
FNMA POOL 965097 FN 09/38 FLOATING VAR
 
319,668

 
 
 
FNMA POOL 976853 FN 11/29 FIXED 5.5
 
360,844

 
 
 
FNMA POOL 995006 FN 10/38 FLOATING VAR
 
119,063

 
 
 
FNMA POOL 995051 FN 03/37 FIXED VAR
 
166,857

 
 
 
FNMA POOL AB1763 FN 11/30 FIXED 4
 
121,494

 
 
 
FNMA POOL AB3301 FN 07/26 FIXED 4
 
144,634

 
 
 
FNMA POOL MA0792 FN 07/31 FIXED 4.5
 
1,080,833

 
 
 
FNMA POOL AD0198 FN 09/38 FIXED VAR
 
171,677

 
 
 
FNMA POOL AD0244 FN 10/24 FIXED VAR
 
1,079,537

 
 
 
FNMA POOL AE0952 FN 05/38 FIXED VAR
 
643,784

 
 
 
FORD MOTOR CREDIT CO LLC SR UNSECURED 09/15 5.625
 
257,961

 
 
 
FORD MOTOR CREDIT CO LLC SR UNSECURED 08/21 5.875
 
723,617

 
 
 
GENERAL ELEC CAP CORP COMPANY GUAR 01/20 5.5
 
629,517

 
 
 
GENERAL ELEC CAP CORP COMPANY GUAR 09/20 4.375
 
438,094

 
 
 
GENERAL ELEC CAP CORP COMPANY GUAR 01/21 4.625
 
139,324

 
 
 
HCA INC COMPANY GUAR 02/16 6.5
 
678,437

 
 
 
HSBC HOLDINGS PLC SUBORDINATED 09/37 6.5
 
1,060,031

 
 
 
HSBC HOLDINGS PLC SR UNSECURED 04/21 5.1
 
197,820

 
 
 
HEALTH NET INC SR UNSECURED 06/17 6.375
 
297,000

 
 
 
HEWLETT PACKARD CO SR UNSECURED 03/18 5.5
 
165,556



27



Appendix of Schedule H - Schedule of Assets (Held at End of Year)
December 31, 2014
Edison 401(k) Savings Plan
 
 
 
EIN: 95-1240335
 
 
 
 
Plan Number: 002
 
 
 
 
 
 
 
(a)
(b)
 
(c)
 
(e)
 
Identity of Issuer, Borrower, Lessor, or Similar Party
 
Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value
 
Current Value
 
Dodge & Cox
 
HEWLETT PACKARD CO SR UNSECURED 12/16 3.3
 
$
258,181

 
 
 
ILLINOIS ST ILS 03/16 FIXED 4.961
 
286,476

 
 
 
ILLINOIS ST ILS 03/17 FIXED 5.365
 
454,984

 
 
 
ILLINOIS ST ILS 03/18 FIXED 5.665
 
383,260

 
 
 
KINDER MORGAN INC/DELAWA COMPANY GUAR 06/25 4.3
 
175,082

 
 
 
LAFARGE SA SR UNSECURED 07/16 6.5
 
772,125

 
 
 
LLOYDS BANKING GROUP PLC SUBORDINATED 11/24 4.5
 
252,285

 
 
 
MACYS RETAIL HLDGS INC COMPANY GUAR 12/34 4.5
 
100,695

 
 
 
MACYS RETAIL HLDGS INC COMPANY GUAR 07/24 6.65
 
1,316,976

 
 
 
NEW JERSEY ST TURNPIKE AUTH NJSTRN 01/41 FIXED 7.102
 
471,357

 
 
 
21ST CENTURY FOX AMERICA COMPANY GUAR 03/37 6.15
 
187,996

 
 
 
21ST CENTURY FOX AMERICA COMPANY GUAR 11/37 6.65
 
300,433

 
 
 
NOKIA OYJ SR UNSECURED 05/19 5.375
 
347,750

 
 
 
NORDSTROM INC SR UNSECURED 01/18 6.25
 
281,958

 
 
 
PETROLEOS MEXICANOS COMPANY GUAR 06/35 6.625
 
490,875

 
 
 
PETROBRAS GLOBAL FINANCE COMPANY GUAR 01/21 5.375
 
347,464

 
 
 
PETROBRAS GLOBAL FINANCE COMPANY GUAR 05/23 4.375
 
86,008

 
 
 
PETROBRAS GLOBAL FINANCE COMPANY GUAR 03/24 6.25
 
708,897

 
 
 
PETROLEOS MEXICANOS COMPANY GUAR 01/24 4.875
 
467,550

 
 
 
REED ELSEVIER CAPITAL COMPANY GUAR 01/19 8.625
 
122,313

 
 
 
ROYAL BK SCOTLND GRP PLC SUBORDINATED 12/23 6
 
568,259

 
 
 
ROYAL BK SCOTLND GRP PLC SUBORDINATED 12/22 6.125
 
653,044

 
 
 
NAVIENT CORP SR UNSECURED 06/18 8.45
 
423,700

 
 
 
NAVIENT CORP SR UNSECURED 01/16 6.25
 
130,000

 
 
 
NAVIENT CORP SR UNSECURED 01/17 6
 
366,625

 
 
 
NAVIENT CORP SR UNSECURED 09/17 4.625
 
50,750

 
 
 
SPRINT COMMUNICATIONS SR UNSECURED 12/16 6
 
706,067

 
 
 
STATE STREET BANK + TRUST CO SHORT TERM INVESTMENT FUND
 
1,311,152

 
 
 
TELECOM ITALIA CAPITAL COMPANY GUAR 06/19 7.175
 
727,075

 
 
 
TELECOM ITALIA CAPITAL COMPANY GUAR 07/36 7.2
 
241,875

 
 
 
TELECOM ITALIA CAPITAL COMPANY GUAR 06/18 6.999
 
333,000

 
 
 
TELECOM ITALIA CAPITAL COMPANY GUAR 06/38 7.721
 
139,375

 
 
 
TIME WARNER CABLE INC COMPANY GUAR 04/19 8.25
 
1,438,368

 
 
 
UNION PACIFIC CORP SR UNSECURED 07/22 4.163
 
329,572

 
 
 
UNION PACIFIC RR CO 07 3 PASS THRU CE 01/31 6.176
 
613,095

 
 
 
US TREASURY N/B 03/17 0.75
 
1,499,413

 
 
 
US TREASURY N/B 03/19 1.625
 
2,762,246

 
 
 
US TREASURY N/B 10/17 0.875
 
8,621,869

 
 
 
US TREASURY N/B 11/24 2.25
 
503,359

 
 
 
US TREASURY N/B 02/17 0.875
 
1,253,027


28



Appendix of Schedule H - Schedule of Assets (Held at End of Year)
December 31, 2014
Edison 401(k) Savings Plan
 
 
 
EIN: 95-1240335
 
 
 
 
Plan Number: 002
 
 
 
 
 
 
 
(a)
(b)
 
(c)
 
(e)
 
Identity of Issuer, Borrower, Lessor, or Similar Party
 
Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value
 
Current Value
 
Dodge & Cox
 
US TREASURY N/B 09/15 0.25
 
$
1,400,766

 
 
 
US TREASURY N/B 10/16 0.625
 
375,117

 
 
 
US TREASURY N/B 05/19 1.5
 
324,187

 
 
 
US TREASURY N/B 07/19 1.625
 
1,978,084

 
 
 
VERIZON COMMUNICATIONS SR UNSECURED 09/23 5.15
 
800,569

 
 
 
VERIZON COMMUNICATIONS SR UNSECURED 09/43 6.55
 
96,086

 
 
 
VERIZON COMMUNICATIONS SR UNSECURED 03/24 4.15
 
647,022

 
 
 
VULCAN MATERIALS CO SR UNSECURED 12/16 6.5
 
14,910

 
 
 
VULCAN MATERIALS CO SR UNSECURED 06/21 7.5
 
460,175

 
 
 
ANTHEM INC SR UNSECURED 02/19 7
 
734,100

 
 
 
WELLS FARGO + COMPANY SR UNSECURED 04/21 4.6
 
333,798

 
 
 
XEROX CORPORATION SR UNSECURED 02/17 6.75
 
1,047,117

 
 
 
 Total Dodge & Cox
 
97,751,855

 
Institutional Capital Corporation
 
AMERIPRISE FINANCIAL INC COMMON STOCK USD.01
 
4,496,500

 
 
 
BANK OF AMERICA CORP COMMON STOCK USD.01
 
6,684,598

 
 
 
BOEING CO/THE COMMON STOCK USD5.
 
7,090,409

 
 
 
BRISTOL MYERS SQUIBB CO COMMON STOCK USD.1
 
3,119,735

 
 
 
CAMERON INTERNATIONAL CORP COMMON STOCK USD.01
 
2,442,555

 
 
 
CITIGROUP INC COMMON STOCK USD.01
 
5,251,375

 
 
 
COMCAST CORP CLASS A COMMON STOCK USD.01
 
8,324,439

 
 
 
ENCANA CORP COMMON STOCK
 
1,452,882

 
 
 
EXELON CORP COMMON STOCK NPV
 
3,659,796

 
 
 
EXPRESS SCRIPTS HOLDING CO COMMON STOCK USD.01
 
4,161,530

 
 
 
FORD MOTOR CO COMMON STOCK USD.01
 
2,853,550

 
 
 
GENERAL ELECTRIC CO COMMON STOCK USD.06
 
9,084,565

 
 
 
GOLDMAN SACHS GROUP INC COMMON STOCK USD.01
 
5,427,240

 
 
 
HONEYWELL INTERNATIONAL INC COMMON STOCK USD1.
 
5,285,768

 
 
 
JOHNSON CONTROLS INC COMMON STOCK USD.01388
 
5,066,032

 
 
 
LAS VEGAS SANDS CORP COMMON STOCK USD.001
 
1,864,028

 
 
 
LIBERTY MEDIA CORP C COMMON STOCK USD.01
 
2,066,770

 
 
 
MONSANTO CO COMMON STOCK USD.01
 
6,033,235

 
 
 
MOSAIC CO/THE COMMON STOCK USD.01
 
2,291,630

 
 
 
NETAPP INC COMMON STOCK USD.001
 
3,212,375

 
 
 
NORTHERN TRUST CORP COMMON STOCK USD1.667
 
3,588,915

 
 
 
OCCIDENTAL PETROLEUM CORP COMMON STOCK USD.2
 
6,053,811

 
 
 
OMNICOM GROUP COMMON STOCK USD.15
 
3,912,235

 
 
 
ORACLE CORP COMMON STOCK USD.01
 
5,153,562

 
 
 
PNC FINANCIAL SERVICES GROUP COMMON STOCK USD5.
 
4,953,789


29



Appendix of Schedule H - Schedule of Assets (Held at End of Year)
December 31, 2014
Edison 401(k) Savings Plan
 
 
 
EIN: 95-1240335
 
 
 
 
Plan Number: 002
 
 
 
 
 
 
 
(a)
(b)
 
(c)
 
(e)
 
Identity of Issuer, Borrower, Lessor, or Similar Party
 
Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value
 
Current Value
 
Institutional Capital Corporation
 
PFIZER INC COMMON STOCK USD.05
 
$
8,458,782

 
 
 
QUALCOMM INC COMMON STOCK USD.0001
 
3,608,721

 
 
 
STATE STREET BANK + TRUST CO SHORT TERM INVESTMENT FUND
 
545,709

 
 
 
TEXAS INSTRUMENTS INC COMMON STOCK USD1.
 
3,616,907

 
 
 
UNITEDHEALTH GROUP INC COMMON STOCK USD.01
 
4,872,538

 
 
 
VALEANT PHARMACEUTICALS INTE COMMON STOCK NPV
 
4,343,388

 
 
 
VIACOM INC CLASS B COMMON STOCK USD.001
 
5,474,437

 
 
 
VODAFONE GROUP PLC SP ADR ADR
 
3,857,930

 
 
 
COVIDIEN PLC COMMON STOCK USD.2
 
5,650,970

 
 
 
PENTAIR PLC COMMON STOCK USD.01
 
601,101

 
 
 
ASML HOLDING NV NY REG SHS NY REG SHRS EUR.09
 
2,760,448

 
 
 
 Total Institutional Capital Corporation
 
157,322,255

 
Westwood Group
 
AMC NETWORKS INC A COMMON STOCK
 
1,460,333

 
 
 
ALEXANDRIA REAL ESTATE EQUIT REIT USD.01
 
887,400

 
 
 
APOGEE ENTERPRISES INC COMMON STOCK USD.333
 
601,654

 
 
 
ARRIS GROUP INC COMMON STOCK USD.01
 
1,280,056

 
 
 
BANKUNITED INC COMMON STOCK USD.01
 
1,103,757

 
 
 
B/E AEROSPACE INC COMMON STOCK USD.01
 
667,230

 
 
 
BEACON ROOFING SUPPLY INC COMMON STOCK USD.01
 
633,840

 
 
 
BOISE CASCADE CO COMMON STOCK USD.01
 
1,062,490

 
 
 
BONANZA CREEK ENERGY INC COMMON STOCK USD.001
 
319,200

 
 
 
BROADRIDGE FINANCIAL SOLUTIO COMMON STOCK USD.01
 
1,154,500

 
 
 
CARDTRONICS INC COMMON STOCK USD.0001
 
1,585,638

 
 
 
CLOUD PEAK ENERGY INC COMMON STOCK USD.01
 
501,228

 
 
 
COLFAX CORP COMMON STOCK USD.001
 
470,731

 
 
 
COMERICA INC COMMON STOCK USD5.
 
637,024

 
 
 
CONMED CORP COMMON STOCK USD.01
 
269,760

 
 
 
DARLING INGREDIENTS INC COMMON STOCK USD.01
 
110,776

 
 
 
DEAN FOODS CO COMMON STOCK USD.01
 
569,772

 
 
 
DIAMONDROCK HOSPITALITY CO REIT USD.01
 
322,679

 
 
 
DICK S SPORTING GOODS INC COMMON STOCK USD.01
 
913,560

 
 
 
EAST WEST BANCORP INC COMMON STOCK USD.001
 
627,102

 
 
 
ENERGIZER HOLDINGS INC COMMON STOCK USD.01
 
1,234,176

 
 
 
EQUIFAX INC COMMON STOCK USD1.25
 
1,302,007

 
 
 
FLIR SYSTEMS INC COMMON STOCK USD.01
 
636,507

 
 
 
FIRST FINANCIAL BANCORP COMMON STOCK NPV
 
892,320

 
 
 
HAEMONETICS CORP/MASS COMMON STOCK USD.01
 
924,274




30



Appendix of Schedule H - Schedule of Assets (Held at End of Year)
December 31, 2014
Edison 401(k) Savings Plan
 
 
 
EIN: 95-1240335
 
 
 
 
Plan Number: 002
 
 
 
 
 
 
 
(a)
(b)
 
(c)
 
(e)
 
Identity of Issuer, Borrower, Lessor, or Similar Party
 
Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value
 
Current Value
 
Westwood Group
 
JACK HENRY + ASSOCIATES INC COMMON STOCK USD.01
 
$
618,355

 
 
 
HOSPIRA INC COMMON STOCK USD.01
 
1,243,375

 
 
 
HUBBELL INC CL B COMMON STOCK USD.01
 
388,754

 
 
 
IAC/INTERACTIVECORP COMMON STOCK USD.001
 
1,355,617

 
 
 
INLAND REAL ESTATE CORP REIT USD.01
 
649,072

 
 
 
INTEGRA LIFESCIENCES HOLDING COMMON STOCK USD.01
 
710,413

 
 
 
JOY GLOBAL INC COMMON STOCK USD1.
 
944,356

 
 
 
J2 GLOBAL INC COMMON STOCK USD.01
 
1,500,400

 
 
 
KLX INC COMMON STOCK USD.01
 
237,188

 
 
 
LANDSTAR SYSTEM INC COMMON STOCK USD.01
 
565,734

 
 
 
LEAR CORP COMMON STOCK USD.01
 
643,993

 
 
 
LIFE TIME FITNESS INC COMMON STOCK USD.02
 
628,595

 
 
 
LITHIA MOTORS INC CL A COMMON STOCK NPV
 
762,872

 
 
 
MANPOWERGROUP INC COMMON STOCK USD.01
 
613,530

 
 
 
MEADWESTVACO CORP COMMON STOCK USD.01
 
643,655

 
 
 
MEDNAX INC COMMON STOCK USD.01
 
1,176,758

 
 
 
MEREDITH CORP COMMON STOCK USD1.
 
765,912

 
 
 
HERMAN MILLER INC COMMON STOCK USD.2
 
562,113

 
 
 
OASIS PETROLEUM INC COMMON STOCK USD.01
 
398,614

 
 
 
ON SEMICONDUCTOR CORP COMMON STOCK USD.01
 
1,129,495

 
 
 
PDC ENERGY INC COMMON STOCK USD.01
 
623,177

 
 
 
PERKINELMER INC COMMON STOCK USD1.
 
647,204

 
 
 
POTLATCH CORP REIT USD1.
 
921,266

 
 
 
PREMIER INC CLASS A COMMON STOCK USD.01
 
945,546

 
 
 
PRIMORIS SERVICES CORP COMMON STOCK USD.0001
 
532,196

 
 
 
PRIVATEBANCORP INC COMMON STOCK NPV
 
1,319,600

 
 
 
QUESTAR CORP COMMON STOCK NPV
 
1,208,384

 
 
 
RSP PERMIAN INC COMMON STOCK USD.01
 
744,144

 
 
 
RENT A CENTER INC COMMON STOCK USD.01
 
984,272

 
 
 
REX ENERGY CORP COMMON STOCK USD.001
 
319,770

 
 
 
ROCK TENN COMPANY CL A COMMON STOCK USD.01
 
707,368

 
 
 
ROCKWOOD HOLDINGS INC COMMON STOCK USD.01
 
614,640

 
 
 
RUSH ENTERPRISES INC CL A COMMON STOCK USD.01
 
314,090

 
 
 
SVB FINANCIAL GROUP COMMON STOCK USD.001
 
1,288,377

 
 
 
STAG INDUSTRIAL INC REIT USD.01
 
606,008

 
 
 
STATE STREET BANK + TRUST CO SHORT TERM INVESTMENT FUND
 
335,503

 
 
 
TELEFLEX INC COMMON STOCK USD1.
 
1,240,056

 
 
 
TIMKEN CO COMMON STOCK NPV
 
584,716



31



Appendix of Schedule H - Schedule of Assets (Held at End of Year)
December 31, 2014
Edison 401(k) Savings Plan
 
 
 
EIN: 95-1240335
 
 
 
 
Plan Number: 002
 
 
 
 
 
 
 
(a)
(b)
 
(c)
 
(e)
 
Identity of Issuer, Borrower, Lessor, or Similar Party
 
Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value
 
Current Value
 
Westwood Group
 
TREX COMPANY INC COMMON STOCK USD.01
 
$
698,312

 
 
 
TRIMBLE NAVIGATION LTD COMMON STOCK NPV
 
971,364

 
 
 
TRUEBLUE INC COMMON STOCK NPV
 
649,700

 
 
 
VISHAY INTERTECHNOLOGY INC COMMON STOCK USD.1
 
601,375

 
 
 
WATTS WATER TECHNOLOGIES A COMMON STOCK USD.1
 
1,256,112

 
 
 
WINTRUST FINANCIAL CORP COMMON STOCK NPV
 
1,229,788

 
 
 
WOODWARD INC COMMON STOCK USD.00292
 
1,230,750

 
 
 
AMDOCS LTD COMMON STOCK GBP.0001
 
1,492,960

 
 
 
AVG TECHNOLOGIES COMMON STOCK EUR.01
 
1,391,670

 
 
 
 Total Westwood Group
 
59,165,163

 
Delaware Investments
 
ABIOMED INC COMMON STOCK USD.01
 
1,889,679

 
 
 
AFFILIATED MANAGERS GROUP COMMON STOCK USD.01
 
2,865,240

 
 
 
ATHENAHEALTH INC COMMON STOCK USD.01
 
1,376,865

 
 
 
BIO TECHNE CORP COMMON STOCK USD.01
 
3,116,190

 
 
 
BLACKBAUD INC COMMON STOCK USD.001
 
2,420,397

 
 
 
COUPONS.COM INC COMMON STOCK USD.00001
 
862,330

 
 
 
DINEEQUITY INC COMMON STOCK USD.01
 
3,756,953

 
 
 
DUNKIN BRANDS GROUP INC COMMON STOCK USD.001
 
1,470,145

 
 
 
ELLIE MAE INC COMMON STOCK USD.0001
 
1,064,448

 
 
 
EQUITY COMMONWEALTH REIT USD.01
 
2,683,798

 
 
 
EXPEDITORS INTL WASH INC COMMON STOCK USD.01
 
2,411,170

 
 
 
GRACO INC COMMON STOCK USD1.
 
3,237,267

 
 
 
HEARTLAND PAYMENT SYSTEMS IN COMMON STOCK USD.001
 
3,722,550

 
 
 
J2 GLOBAL INC COMMON STOCK USD.01
 
3,660,170

 
 
 
MSCI INC COMMON STOCK USD.01
 
3,441,772

 
 
 
NIC INC COMMON STOCK NPV
 
1,484,643

 
 
 
OUTFRONT MEDIA INC REIT USD.01
 
1,062,864

 
 
 
RITCHIE BROS AUCTIONEERS COMMON STOCK NPV
 
2,057,757

 
 
 
SALLY BEAUTY HOLDINGS INC COMMON STOCK USD.01
 
3,291,485

 
 
 
SHUTTERSTOCK INC COMMON STOCK USD.01
 
1,703,315

 
 
 
STATE STREET BANK + TRUST CO SHORT TERM INVESTMENT FUND
 
756,782

 
 
 
ULTA SALON COSMETICS + FRAGR COMMON STOCK USD.01
 
2,504,513

 
 
 
VERIFONE SYSTEMS INC COMMON STOCK USD.01
 
2,661,362

 
 
 
ZEBRA TECHNOLOGIES CORP CL A COMMON STOCK USD.01
 
2,838,083

 
 
 
LOGITECH INTERNATIONAL REG COMMON STOCK CHF.25
 
2,085,119

 
 
 
CORE LABORATORIES N.V. COMMON STOCK EUR.02
 
2,386,824

 
 
 
 Total Delaware Investments
 
60,811,721




32



Appendix of Schedule H - Schedule of Assets (Held at End of Year)
December 31, 2014
Edison 401(k) Savings Plan
 
 
 
EIN: 95-1240335
 
 
 
 
Plan Number: 002
 
 
 
 
 
 
 
(a)
(b)
 
(c)
 
(e)
 
Identity of Issuer, Borrower, Lessor, or Similar Party
 
Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value
 
Current Value
 
Next Century
 
ABIOMED INC COMMON STOCK USD.01
 
$
636,934

 
 
 
ACADIA HEALTHCARE CO INC COMMON STOCK USD.01
 
590,187

 
 
 
ADVISORY BOARD CO/THE COMMON STOCK USD.01
 
475,106

 
 
 
AKORN INC COMMON STOCK NPV
 
1,792,443

 
 
 
ALIGN TECHNOLOGY INC COMMON STOCK USD.0001
 
589,403

 
 
 
BENEFITFOCUS INC COMMON STOCK USD.001
 
954,790

 
 
 
BUFFALO WILD WINGS INC COMMON STOCK NPV
 
780,144

 
 
 
CANADIAN SOLAR INC COMMON STOCK NPV
 
813,921

 
 
 
CENTENE CORP COMMON STOCK USD.001
 
2,831,055

 
 
 
CEPHEID INC COMMON STOCK NPV
 
1,335,580

 
 
 
COGNEX CORP COMMON STOCK USD.002
 
695,667

 
 
 
COSTAR GROUP INC COMMON STOCK USD.01
 
929,351

 
 
 
DR HORTON INC COMMON STOCK USD.01
 
681,894

 
 
 
DEALERTRACK TECHNOLOGIES INC COMMON STOCK USD.01
 
1,088,209

 
 
 
DIAMONDBACK ENERGY INC COMMON STOCK USD.01
 
487,745

 
 
 
EAGLE MATERIALS INC COMMON STOCK USD.01
 
1,050,507

 
 
 
ELLIE MAE INC COMMON STOCK USD.0001
 
165,997

 
 
 
FIESTA RESTAURANT GROUP COMMON STOCK USD.01
 
1,671,818

 
 
 
GOGO INC COMMON STOCK USD.0001
 
444,426

 
 
 
GRANITE CONSTRUCTION INC COMMON STOCK USD.01
 
1,029,734

 
 
 
GREENBRIER COMPANIES INC COMMON STOCK NPV
 
647,661

 
 
 
GUIDEWIRE SOFTWARE INC COMMON STOCK USD.0001
 
1,104,240

 
 
 
HEALTH NET INC COMMON STOCK USD.001
 
941,807

 
 
 
HEICO CORP COMMON STOCK USD.01
 
688,379

 
 
 
HOMEAWAY INC COMMON STOCK USD.0001
 
1,119,758

 
 
 
HUNT (JB) TRANSPRT SVCS INC COMMON STOCK USD.01
 
1,199,130

 
 
 
IPG PHOTONICS CORP COMMON STOCK USD.0001
 
1,211,456

 
 
 
INSULET CORP COMMON STOCK USD.001
 
1,401,283

 
 
 
KANSAS CITY SOUTHERN COMMON STOCK USD.01
 
1,344,771

 
 
 
KATE SPADE + CO COMMON STOCK USD1.0
 
865,614

 
 
 
KNIGHT TRANSPORTATION INC COMMON STOCK USD.01
 
1,420,553

 
 
 
LIFELOCK INC COMMON STOCK USD.001
 
1,568,019

 
 
 
MARKETAXESS HOLDINGS INC COMMON STOCK USD.003
 
768,158

 
 
 
MEDIVATION INC COMMON STOCK USD.01
 
1,370,833

 
 
 
NCI BUILDING SYSTEMS INC COMMON STOCK USD.01
 
1,449,190

 
 
 
NETSUITE INC COMMON STOCK USD.01
 
897,923

 
 
 
NXSTAGE MEDICAL INC COMMON STOCK USD.001
 
609,907

 
 
 
PRA GROUP INC COMMON STOCK USD.01
 
1,149,099





33



Appendix of Schedule H - Schedule of Assets (Held at End of Year)
December 31, 2014
Edison 401(k) Savings Plan
 
 
 
EIN: 95-1240335
 
 
 
 
Plan Number: 002
 
 
 
 
 
 
 
(a)
(b)
 
(c)
 
(e)
 
Identity of Issuer, Borrower, Lessor, or Similar Party
 
Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value
 
Current Value
 
Next Century
 
PACIRA PHARMACEUTICALS INC COMMON STOCK
 
$
1,331,673

 
 
 
PALO ALTO NETWORKS INC COMMON STOCK USD.0001
 
1,181,452

 
 
 
SALIX PHARMACEUTICALS LTD COMMON STOCK USD.001
 
1,845,477

 
 
 
SERVICENOW INC COMMON STOCK USD.001
 
1,190,428

 
 
 
SHUTTERFLY INC COMMON STOCK USD.0001
 
616,252

 
 
 
SHUTTERSTOCK INC COMMON STOCK USD.01
 
1,373,846

 
 
 
STATE STREET BANK + TRUST CO SHORT TERM INVESTMENT FUND
 
1,224,729

 
 
 
TABLEAU SOFTWARE INC CL A COMMON STOCK USD.0001
 
719,019

 
 
 
TEAM HEALTH HOLDINGS INC COMMON STOCK USD.01
 
1,563,608

 
 
 
ULTA SALON COSMETICS + FRAGR COMMON STOCK USD.01
 
915,207

 
 
 
ULTIMATE SOFTWARE GROUP INC COMMON STOCK USD.01
 
1,396,945

 
 
 
UNDER ARMOUR INC CLASS A COMMON STOCK USD.000333
 
1,684,735

 
 
 
VEEVA SYSTEMS INC CLASS A COMMON STOCK USD.00001
 
815,462

 
 
 
VIRTUSA CORP COMMON STOCK USD.01
 
582,713

 
 
 
VIVINT SOLAR INC COMMON STOCK USD.01
 
377,246

 
 
 
WABCO HOLDINGS INC COMMON STOCK USD.01
 
549,885

 
 
 
YELP INC COMMON STOCK USD.000001
 
1,246,038

 
 
 
ZOE S KITCHEN INC COMMON STOCK USD.01
 
1,145,553

 
 
 
ESSENT GROUP LTD COMMON STOCK USD.015
 
760,090

 
 
 
 Total Next Century
 
59,323,050

 
AJO Partners
 
ABERCROMBIE + FITCH CO CL A COMMON STOCK USD.01
 
312,176

 
 
 
ALASKA AIR GROUP INC COMMON STOCK USD.01
 
812,736

 
 
 
ARGAN INC COMMON STOCK USD.15
 
454,140

 
 
 
ASBURY AUTOMOTIVE GROUP COMMON STOCK USD.01
 
141,970

 
 
 
ASSURANT INC COMMON STOCK USD.01
 
874,535

 
 
 
AVIS BUDGET GROUP INC COMMON STOCK USD.01
 
543,906

 
 
 
BENCHMARK ELECTRONICS INC COMMON STOCK USD.1
 
180,624

 
 
 
WR BERKLEY CORP COMMON STOCK USD.2
 
840,664

 
 
 
BERKSHIRE HILLS BANCORP INC COMMON STOCK USD.01
 
251,670

 
 
 
BLOUNT INTERNATIONAL INC COMMON STOCK USD.01
 
614,950

 
 
 
BOISE CASCADE CO COMMON STOCK USD.01
 
586,970

 
 
 
C+J ENERGY SERVICES INC COMMON STOCK USD.01
 
130,779

 
 
 
CBL + ASSOCIATES PROPERTIES REIT USD.01
 
407,820

 
 
 
CBOE HOLDINGS INC COMMON STOCK
 
684,936

 
 
 
CMS ENERGY CORP COMMON STOCK USD.01
 
945,200

 
 
 
CVR ENERGY INC COMMON STOCK USD.01
 
495,488

 
 
 
CABLEVISION SYSTEMS NY GRP A COMMON STOCK USD.01
 
489,168





34



Appendix of Schedule H - Schedule of Assets (Held at End of Year)
December 31, 2014
Edison 401(k) Savings Plan
 
 
 
EIN: 95-1240335
 
 
 
 
Plan Number: 002
 
 
 
 
 
 
 
(a)
(b)
 
(c)
 
(e)
 
Identity of Issuer, Borrower, Lessor, or Similar Party
 
Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value
 
Current Value
 
AJO Partners
 
CAL MAINE FOODS INC COMMON STOCK USD.01
 
$
452,748

 
 
 
CENTURY ALUMINUM COMPANY COMMON STOCK USD.01
 
226,920

 
 
 
CLEARWATER PAPER CORP COMMON STOCK USD.0001
 
472,995

 
 
 
COOPER TIRE + RUBBER COMMON STOCK USD1.
 
897,435

 
 
 
CORE MARK HOLDING CO INC COMMON STOCK USD.01
 
334,422

 
 
 
CORESITE REALTY CORP REIT USD.01
 
222,585

 
 
 
DHI GROUP INC COMMON STOCK USD.01
 
250,250

 
 
 
DOMINION DIAMOND CORP COMMON STOCK NPV
 
195,764

 
 
 
DUCOMMUN INC COMMON STOCK USD.01
 
93,536

 
 
 
DUPONT FABROS TECHNOLOGY REIT USD.001
 
724,632

 
 
 
EAST WEST BANCORP INC COMMON STOCK USD.001
 
890,330

 
 
 
EL PASO ELECTRIC CO COMMON STOCK NPV
 
216,324

 
 
 
EMCOR GROUP INC COMMON STOCK USD.01
 
840,861

 
 
 
ENGILITY HOLDINGS INC COMMON STOCK USD.01
 
376,640

 
 
 
EXELIS INC COMMON STOCK USD.01
 
850,205

 
 
 
FAIRPOINT COMMUNICATIONS INC COMMON STOCK USD.01
 
244,412

 
 
 
FIRSTSERVICE CORP COMMON STOCK NPV
 
630,664

 
 
 
FOOT LOCKER INC COMMON STOCK USD.01
 
938,206

 
 
 
GENERAL COMMUNICATION INC A COMMON STOCK NPV
 
40,425

 
 
 
GLOBAL CASH ACCESS HOLDINGS COMMON STOCK USD.001
 
341,055

 
 
 
GREAT LAKES DREDGE + DOCK CO COMMON STOCK USD.0001
 
510,176

 
 
 
GREAT PLAINS ENERGY INC COMMON STOCK NPV
 
539,790

 
 
 
GREEN PLAINS INC COMMON STOCK USD.001
 
280,014

 
 
 
HCI GROUP INC COMMON STOCK NPV
 
748,052

 
 
 
HAWAIIAN HOLDINGS INC COMMON STOCK USD.01
 
758,055

 
 
 
HEALTH NET INC COMMON STOCK USD.001
 
642,360

 
 
 
HERSHA HOSPITALITY TRUST REIT USD.01
 
707,921

 
 
 
HOSPITALITY PROPERTIES TRUST REIT USD.01
 
892,800

 
 
 
HUNTINGTON BANCSHARES INC COMMON STOCK USD.01
 
377,668

 
 
 
HUNTINGTON INGALLS INDUSTRIE COMMON STOCK USD.01
 
754,607

 
 
 
HUNTSMAN CORP COMMON STOCK USD.01
 
184,518

 
 
 
INSIGHT ENTERPRISES INC COMMON STOCK USD.01
 
243,366

 
 
 
INTELIQUENT INC COMMON STOCK USD.001
 
112,873

 
 
 
JABIL CIRCUIT INC COMMON STOCK USD.001
 
384,208

 
 
 
JETBLUE AIRWAYS CORP COMMON STOCK USD.01
 
139,568

 
 
 
JONES LANG LASALLE INC COMMON STOCK USD.01
 
839,608

 
 
 
LAKELAND FINANCIAL CORP COMMON STOCK NPV
 
508,599

 
 
 
LEAR CORP COMMON STOCK USD.01
 
755,216





35



Appendix of Schedule H - Schedule of Assets (Held at End of Year)
December 31, 2014
Edison 401(k) Savings Plan
 
 
 
EIN: 95-1240335
 
 
 
 
Plan Number: 002
 
 
 
 
 
 
 
(a)
(b)
 
(c)
 
(e)
 
Identity of Issuer, Borrower, Lessor, or Similar Party
 
Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value
 
Current Value
 
AJO Partners
 
LEXMARK INTERNATIONAL INC A COMMON STOCK USD.01
 
$
709,844

 
 
 
MBIA INC COMMON STOCK USD1.
 
284,292

 
 
 
MEDIFAST INC COMMON STOCK USD.001
 
110,715

 
 
 
MERITOR INC COMMON STOCK USD1.
 
792,345

 
 
 
MYRIAD GENETICS INC COMMON STOCK USD.01
 
326,976

 
 
 
NVR INC COMMON STOCK USD.01
 
357,092

 
 
 
NAUTILUS INC COMMON STOCK NPV
 
119,922

 
 
 
NET 1 UEPS TECHNOLOGIES INC COMMON STOCK USD.001
 
717,060

 
 
 
NORTEK INC COMMON STOCK USD.01
 
170,793

 
 
 
OIL STATES INTERNATIONAL INC COMMON STOCK USD.01
 
356,970

 
 
 
OMNICARE INC COMMON STOCK USD1.
 
940,797

 
 
 
OUTERWALL INC W/I COMMON STOCK USD.001
 
707,068

 
 
 
PDL BIOPHARMA INC COMMON STOCK USD.01
 
624,510

 
 
 
PNM RESOURCES INC COMMON STOCK NPV
 
355,560

 
 
 
PARKER DRILLING CO COMMON STOCK USD.167
 
215,821

 
 
 
PATTERSON UTI ENERGY INC COMMON STOCK USD.01
 
290,325

 
 
 
PHARMERICA CORP COMMON STOCK USD.01
 
86,982

 
 
 
POLYCOM INC COMMON STOCK USD.0005
 
452,250

 
 
 
PORTLAND GENERAL ELECTRIC CO COMMON STOCK NPV
 
820,911

 
 
 
PROGRESS SOFTWARE CORP COMMON STOCK USD.01
 
670,096

 
 
 
PROVIDENCE SERVICE CORP COMMON STOCK USD.001
 
196,776

 
 
 
QLOGIC CORP COMMON STOCK USD.001
 
126,540

 
 
 
RLJ LODGING TRUST REIT
 
821,485

 
 
 
RADIAN GROUP INC COMMON STOCK USD.001
 
792,528

 
 
 
REINSURANCE GROUP OF AMERICA COMMON STOCK USD.01
 
884,962

 
 
 
RESOLUTE FOREST PRODUCTS COMMON STOCK USD.001
 
785,406

 
 
 
RYMAN HOSPITALITY PROPERTIES REIT USD.01
 
775,278

 
 
 
SM ENERGY CO COMMON STOCK USD.01
 
258,486

 
 
 
SANDERSON FARMS INC COMMON STOCK USD1.
 
689,005

 
 
 
SCHOLASTIC CORP COMMON STOCK USD.01
 
732,042

 
 
 
SELECT COMFORT CORPORATION COMMON STOCK USD.01
 
175,695

 
 
 
SPIRIT AEROSYSTEMS HOLD CL A COMMON STOCK USD.01
 
245,328

 
 
 
STATE BANK FINANCIAL CORP COMMON STOCK USD.01
 
607,392

 
 
 
STATE STREET BANK + TRUST CO SHORT TERM INVESTMENT FUND
 
915,513

 
 
 
SUMMIT HOTEL PROPERTIES INC REIT
 
804,868

 
 
 
SUNSTONE HOTEL INVESTORS INC REIT USD.01
 
622,427

 
 
 
SUPERIOR ENERGY SERVICES INC COMMON STOCK USD.001
 
145,080

 
 
 
TAKE TWO INTERACTIVE SOFTWRE COMMON STOCK USD.01
 
703,553




36



Appendix of Schedule H - Schedule of Assets (Held at End of Year)
December 31, 2014
Edison 401(k) Savings Plan
 
 
 
EIN: 95-1240335
 
 
 
 
Plan Number: 002
 
 
 
 
 
 
 
(a)
(b)
 
(c)
 
(e)
 
Identity of Issuer, Borrower, Lessor, or Similar Party
 
Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value
 
Current Value
 
AJO Partners
 
TARGA RESOURCES CORP COMMON STOCK USD.001
 
$
233,310

 
 
 
THOMPSON CREEK METALS CO INC COMMON STOCK NPV
 
237,541

 
 
 
TOWER INTERNATIONAL INC COMMON STOCK USD.01
 
620,865

 
 
 
TRINITY INDUSTRIES INC COMMON STOCK USD1.
 
364,130

 
 
 
UGI CORP COMMON STOCK NPV
 
881,136

 
 
 
UNITED INSURANCE HOLDINGS CO COMMON STOCK USD.0001
 
162,430

 
 
 
UNITED ONLINE INC WHEN ISSUE COMMON STOCK USD.0001
 
202,245

 
 
 
UNITED STATES STEEL CORP COMMON STOCK USD1.
 
705,936

 
 
 
UNITED THERAPEUTICS CORP COMMON STOCK USD.01
 
349,623

 
 
 
VECTREN CORP COMMON STOCK NPV
 
915,354

 
 
 
WALKER + DUNLOP INC COMMON STOCK
 
129,796

 
 
 
WORLD ACCEPTANCE CORP COMMON STOCK NPV
 
826,280

 
 
 
ASPEN INSURANCE HOLDINGS LTD COMMON STOCK USD.001514456
 
862,269

 
 
 
AXIS CAPITAL HOLDINGS LTD COMMON STOCK USD.0125
 
955,383

 
 
 
EVEREST RE GROUP LTD COMMON STOCK USD.01
 
909,402

 
 
 
MAIDEN HOLDINGS LTD COMMON STOCK USD.01
 
131,737

 
 
 
NABORS INDUSTRIES LTD COMMON STOCK USD.001
 
206,382

 
 
 
PARTNERRE LTD COMMON STOCK USD1.
 
846,845

 
 
 
RENAISSANCERE HOLDINGS LTD COMMON STOCK USD1.
 
797,204

 
 
 
VALIDUS HOLDINGS LTD COMMON STOCK USD.175
 
843,668

 
 
 
ALTISOURCE PORTFOLIO SOL COMMON STOCK USD1.
 
74,338

 
 
 
AVG TECHNOLOGIES COMMON STOCK EUR.01
 
367,164

 
 
 
ORTHOFIX INTERNATIONAL NV COMMON STOCK USD.1
 
613,224

 
 
 
FLEXTRONICS INTL LTD COMMON STOCK NPV
 
222,482

 
 
 
 Total AJO Partners
 
59,238,977

 
Loomis Sayles
 
ALIBABA GROUP HOLDING SP ADR ADR USD.000025
 
3,450,288

 
 
 
ALTERA CORP COMMON STOCK USD.001
 
365,189

 
 
 
AMAZON.COM INC COMMON STOCK USD.01
 
6,689,284

 
 
 
AMERICAN EXPRESS CO COMMON STOCK USD.2
 
2,692,950

 
 
 
AMGEN INC COMMON STOCK USD.0001
 
4,371,714

 
 
 
ANALOG DEVICES INC COMMON STOCK USD.167
 
656,413

 
 
 
ARM HOLDINGS PLC SPONS ADR ADR NPV
 
3,532,227

 
 
 
AUTODESK INC COMMON STOCK USD.01
 
4,638,494

 
 
 
AUTOMATIC DATA PROCESSING COMMON STOCK USD.1
 
1,428,545

 
 
 
CISCO SYSTEMS INC COMMON STOCK USD.001
 
8,189,431

 
 
 
COCA COLA CO/THE COMMON STOCK USD.25
 
5,046,936

 
 
 
DANONE SPONS ADR ADR
 
4,789,254

 
 
 
EXPEDITORS INTL WASH INC COMMON STOCK USD.01
 
4,729,820




37



Appendix of Schedule H - Schedule of Assets (Held at End of Year)
December 31, 2014
Edison 401(k) Savings Plan
 
 
 
EIN: 95-1240335
 
 
 
 
Plan Number: 002
 
 
 
 
 
 
 
(a)
(b)
 
(c)
 
(e)
 
Identity of Issuer, Borrower, Lessor, or Similar Party
 
Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value
 
Current Value
 
Loomis Sayles
 
FACEBOOK INC A COMMON STOCK USD.000006
 
$
8,236,337

 
 
 
FACTSET RESEARCH SYSTEMS INC COMMON STOCK USD.01
 
3,496,652

 
 
 
GOOGLE INC CL A COMMON STOCK USD.001
 
3,466,802

 
 
 
GOOGLE INC CL C COMMON STOCK USD.001
 
3,550,568

 
 
 
GREENHILL + CO INC COMMON STOCK USD.01
 
1,011,171

 
 
 
LOWE S COS INC COMMON STOCK USD.5
 
5,016,896

 
 
 
MERCK + CO. INC. COMMON STOCK USD.5
 
2,355,649

 
 
 
MICROSOFT CORP COMMON STOCK USD.00000625
 
3,720,413

 
 
 
MONSTER BEVERAGE CORP COMMON STOCK USD.005
 
6,191,336

 
 
 
NOVARTIS AG SPONSORED ADR ADR
 
4,777,457

 
 
 
NOVO NORDISK A/S SPONS ADR ADR
 
4,000,086

 
 
 
ORACLE CORP COMMON STOCK USD.01
 
7,100,808

 
 
 
PROCTER + GAMBLE CO/THE COMMON STOCK
 
5,358,187

 
 
 
QUALCOMM INC COMMON STOCK USD.0001
 
5,992,931

 
 
 
SEI INVESTMENTS COMPANY COMMON STOCK USD.01
 
4,587,703

 
 
 
SABMILLER PLC SPONS ADR ADR
 
2,804,555

 
 
 
SCHLUMBERGER LTD COMMON STOCK USD.01
 
4,343,696

 
 
 
STATE STREET BANK + TRUST CO SHORT TERM INVESTMENT FUND
 
1,481,655

 
 
 
UNITED PARCEL SERVICE CL B COMMON STOCK USD.01
 
4,997,758

 
 
 
VARIAN MEDICAL SYSTEMS INC COMMON STOCK USD1.
 
3,909,214

 
 
 
VISA INC CLASS A SHARES COMMON STOCK USD.0001
 
7,954,624

 
 
 
YUM BRANDS INC COMMON STOCK
 
3,096,344

 
 
 
ZIMMER HOLDINGS INC COMMON STOCK USD.01
 
2,928,958

 
 
 
 Total Loomis Sayles
 
150,960,345

 
 
 
 
 
 
 
 
 
Grand Total
 
747,144,336

 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


38




SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the Plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: June 26, 2015
 
 
 
EDISON 401 (K) SAVINGS PLAN
 
 
By:
/s/ Patricia H. Miller
 
Patricia H. Miller
 
Chair of the Southern California Edison Company
 
Benefits Committee


39



Exhibit 23



Consent of Independent Registered Public Accounting Firm

Edison International
Rosemead, California
We hereby consent to the incorporation by reference in the Registration Statements on Form S-8 of Edison International, as listed below, of our report dated June 26, 2015, relating to the financial statements and supplemental schedule of the Edison 401(k) Savings Plan (the “Plan”) which appear in this Form 11-K for the year ended December 31, 2014.
Registration Form
 
File No.
 
Effective Date
Form S-8
 
333-162989
 
November 9, 2009
    

/s/ BDO USA, LLP
Costa Mesa, California
June 26, 2015


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