UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 11-K
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R
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ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended
December 31, 2017
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OR
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¨
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TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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For the transition period from _____ to _____
Commission file number 001-35961
LIBERTY GLOBAL 401(K) SAVINGS AND STOCK OWNERSHIP PLAN
(Full title of the Plan)
LIBERTY GLOBAL PLC
(Issuer of the securities held pursuant to the Plan)
Griffin House, 161 Hammersmith Rd, London, United Kingdom
W6 8BS
(Address of its principal executive office)
LIBERTY GLOBAL 401(K) SAVINGS AND STOCK OWNERSHIP PLAN
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Table of Contents
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Page Number
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Report of Independent Registered Public Accounting Firm
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Financial Statements:
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Statements of Net Assets Available for Plan Benefits as of December 31, 2017 and 2016
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Statement of Changes in Net Assets Available for Plan Benefits for the year ended December 31, 2017
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Notes to Financial Statements
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Supplemental Schedule:
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Schedule of Assets (Held at End of Year) – Form 5500, Schedule H, Part IV, Line 4i, as of December 31, 2017
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Report of Independent Registered Public Accounting Firm
To the Plan Administrator
Liberty Global 401(k) Savings and Stock Ownership Plan
Denver, Colorado
Opinion on the Financial Statements
We have audited the accompanying statements of net assets available for plan benefits of the Liberty Global 401(k) Savings and Stock Ownership Plan (the “Plan”) as of December 31, 2017 and 2016, the related statement of changes in net assets available for plan benefits for the year ended December 31, 2017, and the related notes (collectively, the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2017 and 2016, and the changes in net assets available for plan benefits for the year ended December 31, 2017, in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered with the Public Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting 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.
Our audits included performing procedures to assess the risk of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by the Plan’s management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
Supplemental Information
The supplemental information in the accompanying schedule of assets (held at end of year) as of December 31, 2017 has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental information is presented for the purpose of additional analysis and is not a required part of the financial statements but includes supplemental information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental information is the responsibility of the Plan’s management.
Our audit procedures included determining whether the supplemental information 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 information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, 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 information is fairly stated, in all material respects, in relation to the financial statements as a whole.
/s/ Anton Collins Mitchell LLP
We have served as the Plan’s auditor since 2006.
Denver, Colorado
June 19, 2018
LIBERTY GLOBAL 401(K) SAVINGS AND STOCK OWNERSHIP PLAN
Statements of Net Assets Available for Plan Benefits
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December 31,
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2017
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2016
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Investments, at fair value:
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Money market funds
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$
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1,812,515
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$
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2,013,821
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Mutual funds
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35,463,889
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29,520,822
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Employer shares
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13,038,654
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13,319,400
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Equity securities
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1,121,607
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—
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Total investments
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51,436,665
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44,854,043
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Notes receivable from participants
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197,118
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191,841
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Employer contributions receivable, net of forfeitures
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395,066
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333,273
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Receivables in transit from unsettled trades
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6,714
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148,008
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Net assets available for Plan benefits
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$
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52,035,563
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$
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45,527,165
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The accompanying notes are an integral part of these financial statements.
LIBERTY GLOBAL 401(K) SAVINGS AND STOCK OWNERSHIP PLAN
Statement of Changes in Net Assets Available for Plan Benefits
Year ended
December 31, 2017
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Additions to (deductions from) net assets attributed to:
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Contributions:
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Participant
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$
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2,151,727
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Employer, net of forfeitures applied
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1,861,425
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Rollovers
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340,240
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Total contributions
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4,353,392
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Investment income:
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Net appreciation in fair value of investments
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5,329,774
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Interest and dividends
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1,979,791
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Total investment income
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7,309,565
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Interest income on notes receivable from participants
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8,256
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Distributions to participants and notes deemed distributed
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(5,207,926
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)
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Revenue sharing, fees and expenses, net
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45,111
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Net increase in net assets available for Plan benefits
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6,508,398
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Net assets available for Plan benefits, beginning of year
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45,527,165
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Net assets available for Plan benefits, end of year
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$
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52,035,563
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The accompanying notes are an integral part of these financial statements.
LIBERTY GLOBAL 401(K) SAVINGS AND STOCK OWNERSHIP PLAN
Notes to Financial Statements
(
1
)
Description of
the Plan
The following description of the Liberty Global 401(k) Savings and Stock Ownership Plan (the
Plan
) provides only general information. Participants and all others should refer to
the Plan
document for a more complete description of
the Plan
’s provisions. Liberty Global, Inc. (
LGI
) is a subsidiary of Liberty Global plc (
Liberty Global
), a public limited company organized under the laws of England and Wales.
LGI
, as
the Plan
sponsor, reserves the right to amend the
Plan
at any time. In these notes, the term “
Liberty Global
” may refer, as the context requires, to Liberty Global plc or collectively to Liberty Global plc and its subsidiaries.
Prior to the completion of the
Split-off Transaction
(as defined and described below),
Liberty Global
’s authorized share capital included
Liberty Global
Class A, Class B and Class C ordinary shares (collectively, the
Liberty Global Shares
) and LiLAC Class A, Class B and Class C ordinary shares (collectively, the
LiLAC Shares
).
On December 29, 2017, in order to effect the split-off of the entities associated with its businesses in Latin America and the Caribbean (collectively the
LiLAC Group
) (the
Split-off Transaction
),
Liberty Global
distributed to holders of its LiLAC Shares at December 29, 2017, as a dividend, (i) one Class A common share of Liberty Latin America Ltd. (
Liberty Latin America
) for each Class A LiLAC ordinary share, (ii) one Class B common share of Liberty Latin America for each Class B LiLAC ordinary share and (iii) one Class C common share of Liberty Latin America for each Class C LiLAC ordinary share (the
Distribution
). Just prior to the completion of the
Split-off Transaction
, all of the businesses, assets and liabilities of the
LiLAC Group
were transferred to
Liberty Latin America
, which was then a wholly-owned subsidiary of Liberty Global. Following the
Distribution
, the
LiLAC Shares
were redesignated as deferred shares (with virtually no economic rights) and
Liberty Latin America
became an independent publicly-traded company that is no longer consolidated by
Liberty Global
. In connection with the
Split-off Transaction
, the employer matching contribution amounts of certain
Liberty Latin America
employees became fully vested.
These financial statements reflect our consideration of the accounting and disclosure implications of subsequent events through
June 19, 2018
, the date of issuance.
General
The Plan
was established January 1, 1994 and is a defined contribution plan.
The Plan
is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (
ERISA
).
The Plan
has been amended and restated at various dates. It was last amended in May 2017.
Eligibility
Employees of
LGI
and designated 80% or more owned subsidiaries of
LGI
are eligible to participate in
the Plan
. Employees under a collective bargaining agreement, leased employees, part-time employees and interns with less than 1,000 hours of service are not eligible to participate in
the Plan
.
Trustee and Recordkeeper
The trustee and recordkeeper of
the Plan
is Fidelity Management Trust Company (
Fidelity
or
Trustee
).
LIBERTY GLOBAL 401(K) SAVINGS AND STOCK OWNERSHIP PLAN
Notes to Financial Statements — (Continued)
Contributions
Participants who are residents or citizens of the United States may make pre-tax contributions, Roth deferral contributions or a combination of pre-tax and Roth deferral contributions to
the Plan
of up to 75% of their eligible compensation, as defined in
the Plan
document. Catch-up contributions, as defined in the Economic Growth and Tax Relief Reconciliation Act of 2001, are permitted for those eligible employees and are not matched by the employer. Participants may change their contribution elections on the first day of every month.
Liberty Global
may make matching contributions equal to 100% of participant contributions, up to a maximum match of 10% of eligible compensation.
Liberty Global
reserves the right to change the matching contribution at any time. All participant contributions and employer matching contributions are subject to limitations as determined annually by the Internal Revenue Service (
IRS
). During
2017
, participant elective pre-tax and Roth deferral contributions were limited to $18,000 and combined participant and employer contributions per participant were limited to $54,000. Catch-up contributions for individuals age 50 and over were limited to $6,000 during
2017
.
Participant contributions may be invested in any investment offered by
the Plan
at the participant’s election, except for the Fidelity Cash Reserves Money Market Fund accounts, which are used by
Fidelity
for managing contributions, and funds holding
Liberty Latin America common shares
. All employer matching contributions are made in
Liberty Global
Class C ordinary shares, irrespective of the form in which
Liberty Global
elects to satisfy the receivable.
Liberty Global
Class A and
Liberty Global
Class C ordinary shares contributed by the employer can be transferred by participants to any investment in
the Plan
, except for the Fidelity Cash Reserves Money Market Fund accounts and funds holding
Liberty Latin America common shares
, which are not open for investment. Employer contributions that are not directed by the participant remain in
Liberty Global
Class C ordinary shares.
Rollovers
Participants may elect to rollover amounts from other qualified plans or individual retirement accounts into
the Plan
provided that certain conditions are met.
Notes Receivable from Participants (Participant Loans)
Participants may borrow from their fund accounts a minimum of $1,000 up to the lesser of (i) $50,000 or (ii) the greater of 50% of their vested account balance or $10,000 (if the participant is vested in at least $10,000). Unless the loan is for the purchase of a participant’s primary residence, loans must be repaid within five years and bear interest at a rate equal to the prime rate in effect on the first day of the calendar quarter in which the loan is originated, plus 1%. Loans transferred from other plans retain the repayment terms and interest rates in effect at the time of transfer. Loans are secured by the vested balance in the participant’s account and principal and interest are paid ratably through bi-weekly payroll deductions.
Forfeitures
Forfeitures of employer contributions (due to a participant’s termination prior to full vesting) are used to offset future matching contributions and to pay
Plan
administrative expenses other than participant loan fees (if any). During
2017
and
2016
, forfeitures of $20,000 and $4,000, respectively, were used to offset employer contributions. Unallocated forfeitures available as of
December 31, 2017
and
2016
were $3,430 and $89, respectively. On
December 31, 2017
, the employer contributions receivable recorded in the statement of net assets available for Plan benefits is net of forfeitures applied of $5,250.
Investment Options
As of
December 31, 2017
,
the Plan
had various investment options, including
28
mutual funds,
two
employer share funds and
one
money market fund.
Plan
participants may change investment options on any day that the applicable exchange is open for trading.
Plan
participants may not invest in the Fidelity Cash Reserves Money Market Fund or funds holding
Liberty Latin America common shares
.
Benefit Payments
Distributions from
the Plan
may be made to a participant upon attaining the age of 59½, death, total disability and financial hardship (as defined in
the Plan
document) or termination of employment. Distributions and other withdrawals are processed on a daily basis. Benefits may be paid in a lump-sum, or in installments, and employer shares may be received in-kind. In-kind
LIBERTY GLOBAL 401(K) SAVINGS AND STOCK OWNERSHIP PLAN
Notes to Financial Statements — (Continued)
distributions are priced at fair value and are accounted for when shares are transferred by the
Trustee
to participants. Certain other in-service distributions are allowed if certain criteria are met.
Vesting
Participant contributions are always fully vested. Participants acquire a vested right in employer matching contributions as follows:
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Years of service
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Vesting percentages
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Less than 1
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—
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%
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1
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33
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%
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2
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66
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%
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3 or more
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100
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%
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Employer contributions become fully vested when a participant (i) attains the normal retirement age of 65, (ii) terminates employment due to total disability or (iii) dies.
Plan
Termination
Although
LGI
has not expressed any intent to terminate
the Plan
, it may do so at any time, subject to the provisions of ERISA.
The Plan
provides for full and immediate vesting of all participant rights upon termination of
the Plan
.
Participant Accounts
Participant accounts are credited with the participant’s contributions, employer contributions and earnings on investments and are charged with participant withdrawals, losses on investments, distributions and loan and distribution fees. The investment earnings or losses of each investment fund are allocated to each participant’s account in accordance with
the Plan
document.
(
2
)
Summary of Significant Accounting Policies
Basis of Presentation
The accompanying financial statements of
the Plan
have been prepared on the accrual basis and present the net assets available for
Plan
benefits and the changes in those net assets.
Investments
Investments are reflected in the accompanying financial statements at fair value. The Plan Committee (as defined in the
Plan
document) determines the
Plan
’s valuation policies utilizing information provided by the investment advisors, the custodian, and the
Trustee
. For additional information, see note
3
.
Net appreciation or depreciation in fair value of investments as reflected in the accompanying statement of changes in net assets available for
Plan
benefits is determined as the difference between fair value at the beginning of the period (or date purchased during the year) and selling price or year-end fair value and includes any capital gain distributions.
Securities and investment transactions are accounted for on the trade date. The cost basis of shares distributed is determined using the moving average method. Dividend income is recorded on the ex-dividend date. Income from other investments is recorded as earned on an accrual basis.
Income Taxes
The Plan
has adopted a
Fidelity
“volume submitter” plan.
Fidelity
received an
IRS
advisory letter for the volume submitter plan on March 31, 2014, stating that the
Plan
is qualified and the trust is tax-exempt.
The Plan
administrator believes that
the Plan
, as amended, is designed and is currently being operated in compliance with the applicable requirements of the
IRS
. Therefore, no provision for income taxes has been included in
the Plan
’s financial statements.
LIBERTY GLOBAL 401(K) SAVINGS AND STOCK OWNERSHIP PLAN
Notes to Financial Statements — (Continued)
Accounting principles generally accepted in the United States (
U.S. GAAP
) require
Plan
management to evaluate tax positions taken by
the Plan
and recognize a tax liability (or asset) if
the Plan
has taken an uncertain tax 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 as of
December 31, 2017
and
2016
that there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.
The Plan
is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.
Voting Rights of
Liberty Global
Ordinary Shares
Fidelity
holds
Liberty Global
ordinary shares on behalf of
the Plan
. Each participant or beneficiary of a deceased participant has the right to direct the Trustee as to the manner of voting with respect to the
Liberty Global
ordinary shares that have been allocated to the respective participant’s account. For all other investments in
the Plan
, Fidelity has the right to vote any shares.
Use of Estimates
The preparation of financial statements in conformity with
U.S. GAAP
requires Plan management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of additions and deductions during the reporting period. Actual results could differ from those estimates.
Notes Receivable from Participants (Participant Loans)
Notes receivable from participants are measured at their unpaid principal balance, plus any accrued and unpaid interest. Interest income is recorded on the accrual basis. Related fees are recorded as administrative expenses and are expensed as incurred. No allowance for credit losses has been recorded as of
December 31, 2017
or
2016
. If a participant ceases to make loan repayments and the
Plan
administrator deems the the participant loan to be in default, the participant loan balance is reduced and a benefit payment is recorded. Delinquent participant loans are reclassified to distributions to participants based on the terms of
the Plan
document.
Plan
Expenses
Any forfeited employer contributions may be used to offset future employer matching contributions, and then to pay
Plan
expenses, if any, except for participant loan, distribution or asset-based fees, which are paid by the respective participants. Proceeds from revenue sharing, as described below, may be used to offset
Plan
expenses incurred by participants. Other administrative expenses of
the Plan
are paid directly by
LGI
and, accordingly, are not included in
the Plan
financial statements. No
Trustee
or recordkeeping fees were paid to
Fidelity
through the forfeiture account during
2017
. In August
2017
, certain fees related to prior periods that were incorrectly charged to Plan participants were credited to such participants’ accounts, and this credit exceeded the amount of fees and expenses incurred during 2017 by $19,526. This amount is included in revenue sharing, fees and expenses, net, in the Plan's statement of changes in net assets for the year ended December 31, 2017. For Form 5500 reporting, this amount has been reflected separately from Plan expenses and included as other income.
Payment of Benefits
Benefits are recorded when paid.
Contributions
Participant contributions and related employer contributions are recognized during the period in which the respective payroll deductions are made.
LIBERTY GLOBAL 401(K) SAVINGS AND STOCK OWNERSHIP PLAN
Notes to Financial Statements — (Continued)
Related-party/Party-in-interest Transactions
Under the terms of a trust agreement between
LGI
and the
Trustee
, the
Trustee
manages certain mutual funds and money market funds on behalf of
the Plan
and has been granted authority concerning purchases and sales of investments for the trust funds. In addition, the Plan includes two employer share funds. Purchases and sales for the year ended
December 31, 2017
with respect to these employer share funds and, prior to the
Split-off Transaction
, the LiLAC Class A Ordinary Shares Fund and the LiLAC Class C Ordinary Shares Fund are set forth below:
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Purchases
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Sales
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Liberty Global Class A Ordinary Shares Fund
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$
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80,795
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$
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(157,267
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)
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Liberty Global Class C Ordinary Shares Fund
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1,916,946
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(2,373,355
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)
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LiLAC Class A Ordinary Shares Fund
|
—
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(14,571
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)
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|
LiLAC Class C Ordinary Shares Fund
|
—
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(169,172
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)
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Total
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$
|
1,997,741
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$
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(2,714,365
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)
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Notes receivable from participants are also party-in-interest transactions.
Each of the Plan’s mutual funds pays investment management fees, and many of these mutual funds may receive income in the form of revenue sharing based on the performance of the fund. These amounts are added to or deducted from the net asset value of the shares of each mutual fund held by
the Plan
and are reflected in the net fees and expenses of those funds. Such transactions qualify as party-in-interest transactions, which are exempt from the prohibited transaction rules. During 2017, the aggregate revenue sharing amount received by the Plan was $25,585, which was allocated to participant accounts as prescribed in the Plan agreement.
(
3
)
Fair Value Measurements
U.S. GAAP
provides for a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. Level 1 inputs are quoted market prices in active markets for identical investments that
the Plan
has the ability to access at the measurement date. Level 2 inputs are inputs other than quoted market prices included within Level 1 that are observable for
the Plan
’s investments, either directly or indirectly. Level 3 inputs are unobservable inputs for
the Plan
’s investments.
The Plan
records transfers of investments in or out of Levels 1, 2 or 3 at the beginning of the quarter during which the transfer occurred. During the year ended
December 31, 2017
, no such transfers were made.
The following is a description of the valuation methodology used for the investments measured at fair value, including the general classification of such instruments pursuant to the valuation hierarchy.
Money market funds, mutual funds, equity securities and employer shares.
As of
December 31, 2017
and
2016
, all
Plan
investments were measured at fair value. These investments are valued at quoted market prices in an exchange and active market, which represent the net asset values of shares held by
the Plan
at year end and
the Plan
concludes that these investments should be classified as Level 1 investments.
The preceding method 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
has concluded that its valuation method is 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.
LIBERTY GLOBAL 401(K) SAVINGS AND STOCK OWNERSHIP PLAN
Notes to Financial Statements — (Continued)
A summary of Plan investments measured at fair value is as follows:
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Quoted prices in active markets for identical assets (Level 1)
|
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|
December 31,
|
|
Description
|
2017
|
|
2016
|
|
|
|
|
|
|
Mutual funds
|
$
|
35,463,889
|
|
|
$
|
29,520,822
|
|
|
Employer shares
|
13,038,654
|
|
|
13,319,400
|
|
|
Equity securities
|
1,121,607
|
|
|
—
|
|
|
Money market funds
|
1,812,515
|
|
|
2,013,821
|
|
|
Total
|
$
|
51,436,665
|
|
|
$
|
44,854,043
|
|
(
4
)
Concentrations, Risks and Uncertainties
The Plan
invests in (i) various money market and mutual funds, (ii) ordinary shares of
Liberty Global
and (iii) common shares of
Liberty Latin America
. Investment securities are exposed to various risks, such as interest rate, credit and overall market volatility risks. Additionally, the value, liquidity and related income of the investment securities are sensitive to changes in economic conditions, including delinquencies or defaults, and may be adversely affected by shifts in the market’s perception of the issuers or changes in interest rates.
Liberty Global Shares
are also exposed to risks specific to
Liberty Global
. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the statements of net assets available for
Plan
benefits. Investment in the ordinary shares of
Liberty Global
represented
25%
and
29%
of the net assets available for
Plan
benefits as of
December 31, 2017
and
2016
, respectively. Accordingly, price fluctuations in the ordinary shares of
Liberty Global
can have a significant impact on
the Plan
’s net assets available for
Plan
benefits.
(
5
)
Reconciliations of Financial Statements to Form 5500
The following are reconciliations of (i) investments and (ii) total investment income, net, per the accompanying financial statements to Form 5500:
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31,
|
|
|
2017
|
|
2016
|
|
|
|
|
|
|
Total investments per the accompanying financial statements
|
$
|
51,436,665
|
|
|
$
|
44,854,043
|
|
|
Adjustment to show notes receivable from participants as an investment
|
197,118
|
|
|
191,841
|
|
|
Total investments per Form 5500 (unaudited)
|
$
|
51,633,783
|
|
|
$
|
45,045,884
|
|
|
|
|
|
|
|
|
Year ended December 31, 2017
|
|
|
|
|
|
|
|
|
Total investment income, net, per the accompanying financial statements
|
$
|
7,309,565
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|
|
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Adjustment to show interest income on notes receivable from participants as investment income
|
8,256
|
|
|
|
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Total investment income, net, per Form 5500 (unaudited)
|
$
|
7,317,821
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|
|
|
LIBERTY GLOBAL 401(K) SAVINGS AND STOCK OWNERSHIP PLAN
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
FORM 5500, SCHEDULE H, Part IV, Line 4i
EIN 46-1947033, Plan Number 001
December 31, 2017
Supplemental Schedule I
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Identity of Issuer, Borrower, Lessor or Similar Party
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Description of Investment
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Shares
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Current Value
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|
|
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*
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Liberty Global Class C ordinary shares
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|
Ordinary shares
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|
355,351
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|
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$
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12,025,072
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|
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iShares Total U.S. Stock Market Index Fund K
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Mutual fund
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410,779
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5,253,869
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|
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American Funds Growth Fund of America Class R6
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|
Mutual fund
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85,127
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|
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4,218,912
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Dodge & Cox Stock Fund
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|
Mutual fund
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14,043
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|
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2,859,344
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|
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Artisan International Fund
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Mutual fund
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71,447
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|
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2,392,768
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|
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The Oakmark Equity and Income Fund
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Mutual fund
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72,894
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|
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2,346,459
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Baron Growth Fund Institutional Shares
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Mutual Fund
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29,107
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2,024,411
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Allianz NFJ Small Cap Value Fund Institutional Class
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Mutual fund
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82,259
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|
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1,994,781
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Vanguard Total International Stock Index Fund Admiral Shares
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Mutual fund
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60,787
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1,855,231
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*
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Fidelity Freedom 2030 Fund
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Mutual fund
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100,686
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|
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1,815,367
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*
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Fidelity Government Money Market Fund
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Money market fund
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1,810,208
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1,810,208
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PIMCO High Yield Fund Institutional Class
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Mutual fund
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147,004
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|
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1,317,156
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*
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Fidelity Freedom 2035 Fund
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Mutual fund
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75,971
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|
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1,155,523
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|
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*
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Fidelity Freedom 2020 Fund
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Mutual fund
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|
69,158
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|
|
1,144,558
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*
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Fidelity Freedom 2050 Fund
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Mutual fund
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90,554
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|
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1,102,046
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Metropolitan West Total Return Bond Fund
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Mutual Fund
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107,462
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|
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1,077,847
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*
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Liberty Latin America Class C common shares
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Common shares
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51,813
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|
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1,030,569
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*
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Liberty Global Class A ordinary shares
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Ordinary shares
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|
28,281
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|
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1,013,582
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*
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Fidelity Freedom 2040 Fund
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Mutual fund
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93,377
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|
|
998,201
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*
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Fidelity Freedom 2025 Fund
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Mutual fund
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66,842
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|
|
961,189
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|
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*
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Fidelity Freedom Income Fund Class K
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Mutual fund
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63,222
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|
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743,491
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*
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Fidelity Inflation Protected Bond Fund
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Mutual fund
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|
48,089
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|
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574,661
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|
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*
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Fidelity Freedom 2045 Fund
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Mutual fund
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|
40,218
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|
|
487,035
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|
|
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Vanguard Short-Term Bond Index Fund
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|
Mutual fund
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|
37,460
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|
|
388,833
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|
|
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DFA Global Real Estate Securities Portfolio
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|
Mutual fund
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23,674
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|
|
259,226
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|
|
*
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Fidelity Freedom 2055 Fund
|
|
Mutual fund
|
|
15,171
|
|
|
208,140
|
|
|
*
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Fidelity Freedom 2015 Fund
|
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Mutual fund
|
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9,450
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|
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126,257
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|
|
*
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Liberty Latin America Class A common shares
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Common shares
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|
4,518
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|
|
91,038
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|
|
*
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Fidelity Freedom 2010 Fund
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|
Mutual fund
|
|
4,171
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|
|
66,900
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|
|
*
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Fidelity Freedom 2005 Fund
|
|
Mutual fund
|
|
2,552
|
|
|
32,006
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|
|
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Vanguard Total International Bond Index Fund Admiral Shares
|
|
Mutual fund
|
|
1,367
|
|
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29,663
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|
|
*
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Fidelity Freedom 2060 Fund
|
|
Mutual fund
|
|
1,477
|
|
|
18,048
|
|
|
*
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Fidelity U.S. Bond Index Premium
|
|
Mutual fund
|
|
1,033
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|
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11,967
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*
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Fidelity Cash Reserves Money Market Fund
|
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Money market fund
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2,307
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|
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2,307
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|
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Total investments
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|
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51,436,665
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*
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Notes receivable from participants
|
|
Interest rates of 4.25% through 5.25%, various maturity dates
|
|
|
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197,118
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|
|
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Total assets held at the end of the year
|
|
|
|
|
|
$
|
51,633,783
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|
_______________
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|
*
|
Party-in-interest as defined by
ERISA
.
|
See accompanying report of independent registered public accounting firm.
LIBERTY GLOBAL 401(K) SAVINGS AND STOCK OWNERSHIP PLAN
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the members of
the Plan
Committee have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
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LIBERTY GLOBAL 401(K) SAVINGS
|
|
|
AND STOCK OWNERSHIP PLAN
|
|
|
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By:
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/s/ MICHELLE L. KEIST
|
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Michelle L. Keist
Vice President, Legal for Liberty Global, Inc. as Plan Sponsor
|
June 19, 2018
LIBERTY GLOBAL 401(K) SAVINGS AND STOCK OWNERSHIP PLAN
EXHIBIT INDEX
Shown below is the exhibit, which is filed or furnished as a part of this Report—
23.1 – Consent of Independent Registered Public Accounting Firm – Anton Collins Mitchell LLP
Liberty Global (NASDAQ:LBTYK)
Historical Stock Chart
From Mar 2024 to Apr 2024
Liberty Global (NASDAQ:LBTYK)
Historical Stock Chart
From Apr 2023 to Apr 2024
