Form5500 Annual Return/Report of Employee Benefit Plan

Annual Return/Report of Employee Benefit Plan OMB Nos. 1210-0110 Form 5500 1210-0089 This form is required to be filed for employee benefit plans under sections 104 Department of the Treasury and 4065 of the Employee Retirement Income Security Act of 1974 (ERISA) and Internal Revenue Service sections 6047(e), 6057(b), and 6058(a) of the Internal Revenue Code (the Code). Department of Labor 2014 Employee Benefits Security  Complete all entries in accordance with Administration the instructions to the Form 5500. Pension Benefit Guaranty Corporation This Form is Open to Public Inspection Part I Annual Report Identification Information For calendar plan year 2014 or fiscal plan year beginning 07/01/2014 and ending 06/30/2015 X a multiemployer plan; a multiple-employer plan (Filers checking this box must attach a list of A This return/report is for: X X participating employer information in accordance with the form instructions); or X a single-employer plan; X a DFE (specify) _C_ B This return/report is: X the first return/report; X the final return/report; X an amended return/report; X a short plan year return/report (less than 12 months). C If the plan is a collectively-bargained plan, check here......  X D Check box if filing under: X Form 5558; X automatic extension; X the DFVC program; X special extension (enter description) ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE Part II Basic Plan Information—enter all requested information 1a Name of plan 1b Three-digit plan 001  ABCDEFGHINEW YORK DISTRICT ABCDEFGHI COUNCIL ABCDEFGHI OF CARPENTERS ABCDEFGHI PENSION PL ABCDEFGHI ABCDEFGHI ABCDEFGHI number (PN) 001 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 1c Effective date of plan 12/12/1955YYYY-MM-DD 2a Plan sponsor’s name and address; include room or suite number (employer, if for a single-employer plan) 2b Employer Identification BOARD OF TRUSTEES OF NYCDCC PENSION FUND Number (EIN) 51-0174276012345678 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 2c Plan Sponsor’s telephone D/B/A ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI number 395 HUDSON STREET ABCDEFGHINEW YORK, NY 10014 0123456789 c/o ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 2d Business code (see instructions) 123456789 ABCDEFGHI ABCDEFGHI ABCDE 236200 123456789 ABCDEFGHI ABCDEFGHI ABCDE 012345

CITYEFGHI ABCDEFGHI AB, ST 012345678901 UK

Caution: A penalty for the late or incomplete filing of this return/report will be assessed unless reasonable cause is established. Under penalties of perjury and other penalties set forth in the instructions, I declare that I have examined this return/report, including accompanying schedules, statements and attachments, as well as the electronic version of this return/report, and to the best of my knowledge and belief, it is true, correct, and complete.

SIGN Filed with authorized/valid electronic signature. 04/04/2016 CAROL WESTFALL HERE YYYY-MM-DD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE Signature of plan administrator Date Enter name of individual signing as plan administrator

SIGN

HERE YYYY-MM-DD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE Signature of employer/plan sponsor Date Enter name of individual signing as employer or plan sponsor

SIGN

HERE YYYY-MM-DD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE Signature of DFE Date Enter name of individual signing as DFE Preparer’s name (including firm name, if applicable) and address (include room or suite number) (optional) Preparer’s telephone number ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI (optional) ABCDEFGHI ABCDEFGHI ABCDEFGHIABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHIABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHIABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI For Paperwork Reduction Act Notice and OMB Control Numbers, see the instructions for Form 5500. Form 5500 (2014) v. 140124 Form 5500 (2014) Page 2

3a Plan administrator’s name and address XSame as Plan Sponsor 3b Administrator’s EIN 51-0174276 BOARD OF TRUSTEES OF NYCDCC PENSION FUND 012345678 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 3c Administrator’s telephone 395 HUDSON STREET number c/o ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI NEW YORK, NY 10014 123456789 ABCDEFGHI ABCDEFGHI ABCDE 0123456789 123456789 ABCDEFGHI ABCDEFGHI ABCDE CITYEFGHI ABCDEFGHI AB, ST 012345678901 UK 4 If the name and/or EIN of the plan sponsor has changed since the last return/report filed for this plan, enter the name, 4b EIN EIN and the plan number from the last return/report: 012345678 a Sponsor’s name 4c PN ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 012 5 Total number of participants at the beginning of the plan year 31326 5 123456789012 6 Number of participants as of the end of the plan year unless otherwise stated (welfare plans complete only lines 6a(1), 6a(2), 6b, 6c, and 6d).

12807 a(1) Total number of active participants at the beginning of the plan year ...... 6a(1)

13036 a(2) Total number of active participants at the end of the plan year ...... 6a(2)

b Retired or separated participants receiving benefits ...... 6b 12345678901210573

c Other retired or separated participants entitled to future benefits ...... 6c 1234567890123846

d Subtotal. Add lines 6a(2), 6b, and 6c...... 6d 12345678901227455

3951 e Deceased participants whose beneficiaries are receiving or are entitled to receive benefits...... 6e 123456789012

f Total. Add lines 6d and 6e...... 6f 12345678901231406

g Number of participants with account balances as of the end of the plan year (only defined contribution plans complete this item) ...... 6g 123456789012

h Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested ...... 6h 123456789012 7 Enter the total number of employers obligated to contribute to the plan (only multiemployer plans complete this item)...... 1213 7 8a If the plan provides pension benefits, enter the applicable pension feature codes from the List of Plan Characteristics Codes in the instructions: 1B

b If the plan provides welfare benefits, enter the applicable welfare feature codes from the List of Plan Characteristics Codes in the instructions:

9a Plan funding arrangement (check all that apply) 9b Plan benefit arrangement (check all that apply) (1) X Insurance (1) X Insurance (2) X Code section 412(e)(3) insurance contracts (2) X Code section 412(e)(3) insurance contracts (3) X Trust (3) X Trust (4) X General assets of the sponsor (4) X General assets of the sponsor 10 Check all applicable boxes in 10a and 10b to indicate which schedules are attached, and, where indicated, enter the number attached. (See instructions)

a Pension Schedules b General Schedules (1) X R (Retirement Plan Information) X (1) X H (Financial Information) X (2) X MB (Multiemployer Defined Benefit Plan and Certain Money (2) X I (Financial Information – Small Plan) Purchase Plan Actuarial Information) - signed by the plan (3) X ___1 A (Insurance Information) actuary X (4) X C (Service Provider Information) (5) X D (DFE/Participating Plan Information) (3) X SB (Single-Employer Defined Benefit Plan Actuarial X Information) - signed by the plan actuary (6) X G (Financial Transaction Schedules) Form 5500 (2014) Page 3

Part III Form M-1 Compliance Information (to be completed by welfare benefit plans)

11a If the plan provides welfare benefits, was the plan subject to the Form M-1 filing requirements during the plan year? (See instructions and 29 CFR 2520.101-2.) ...... ………..…. Yes No

If “Yes” is checked, complete lines 11b and 11c.

11b Is the plan currently in compliance with the Form M-1 filing requirements? (See instructions and 29 CFR 2520.101-2.) ……..... Yes No

11c Enter the Receipt Confirmation Code for the 2014 Form M-1 annual report. If the plan was not required to file the 2014 Form M-1 annual report, enter the Receipt Confirmation Code for the most recent Form M-1 that was required to be filed under the Form M-1 filing requirements. (Failure to enter a valid Receipt Confirmation Code will subject the Form 5500 filing to rejection as incomplete.)

Receipt Confirmation Code______

SCHEDULE A Insurance Information OMB No. 1210-0110 (Form 5500) Department of the Treasury This schedule is required to be filed under section 104 of the 2014 Internal Revenue Service Employee Retirement Income Security Act of 1974 (ERISA). Department of Labor Employee Benefits Security Administration  File as an attachment to Form 5500. Pension Benefit Guaranty Corporation  This Form is Open to Public Insurance companies are required to provide the information Inspection pursuant to ERISA section 103(a)(2). For calendar plan year 2014 or fiscal plan year beginning 07/01/2014 and ending 06/30/2015 A Name of plan B Three-digit NEW YORK DISTRICT COUNCIL OF CARPENTERS PENSION PL 001 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE plan number (PN)  001 FGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI C Plan sponsor’s name as shown on line 2a of Form 5500 D Employer Identification Number (EIN) BOARD OF TRUSTEES OF NYCDCC PENSION FUND 51-0174276 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 012345678 FGHI ABCDEFGHI Part I Information Concerning Insurance Contract Coverage, Fees, and Commissions Provide information for each contract on a separate Schedule A. Individual contracts grouped as a unit in Parts II and III can be reported on a single Schedule A. 1 Coverage Information:

(a) Name of insurance carrier

ABCDEFGHITHE UNION LABOR ABCDEFGHI LIFE INSURANCE ABCDEFGHI COMPANY ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI

(e) Approximate number of Policy or contract year (c) NAIC (d) Contract or (b) EIN persons covered at end of code identification number (f) From (g) To policy or contract year

13-1423090 69744 GA01235 07/01/2014 06/30/2015 012345678 ABCDE ABCDE0123456789 1234567 YYYY-MM-DD YYYY-MM-DD 2 Insurance fee and commission information. Enter the total fees and total commissions paid. List in line 3 the agents, brokers, and other persons in descending order of the amount paid. (a) Total amount of commissions paid (b) Total amount of fees paid 42278 497391 123456789012345 123456789012345 3 Persons receiving commissions and fees. (Complete as many entries as needed to report all persons). (a) Name and address of the agent, broker, or other person to whom commissions or fees were paid ULLICO INVESTMENT COMPANY 8403 COLEVILLE ROAD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE SILVER SPRING, MD 20910 123456789 ABCDEFGHI ABCDEFGHI ABCDE 123456789 ABCDEFGHI ABCDEFGHI ABCDE CITY56789 ABCDEFGHI AB, ST 021345678901 (b) Amount of sales and base Fees and other commissions paid commissions paid (c) Amount (d) Purpose (e) Organization code -12345678901234542278 -123456789012345497391 INVESTMENTABCDEFGHI FEES ABCDEFGHI ABCDEFGHI 31 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE

(a) Name and address of the agent, broker, or other person to whom commissions or fees were paid ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 123456789 ABCDEFGHI ABCDEFGHI ABCDE 123456789 ABCDEFGHI ABCDEFGHI ABCDE CITY56789 ABCDEFGHI AB, ST 021345678901 Fees and other commissions paid (b) Amount of sales and base commissions paid (c) Amount (d) Purpose (e) Organization code -123456789012345 -123456789012345 ABCDEFGHI ABCDEFGHI ABCDEFGHI 1 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE For Paperwork Reduction Act Notice and OMB Control Numbers, see the instructions for Form 5500. Schedule A (Form 5500) 2014 v. 140124

Schedule A (Form 5500) 2014 Page 2 - 11 x

(a) Name and address of the agent, broker, or other person to whom commissions or fees were paid ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 123456789 ABCDEFGHI ABCDEFGHI ABCDE 123456789 ABCDEFGHI ABCDEFGHI ABCDE CITY56789 ABCDEFGHI AB, ST 021345678901 (b) Amount of sales and base Fees and other commissions paid (e) Organization commissions paid (c) Amount (d) Purpose code -123456789012345 -123456789012345 ABCDEFGHI ABCDEFGHI ABCDEFGHI 1 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE

Schedule A (Form 5500) 2014 Page 3

Part II Investment and Annuity Contract Information Where individual contracts are provided, the entire group of such individual contracts with each carrier may be treated as a unit for purposes of this report. 4 Current value of plan’s interest under this contract in the general account at year end ...... 4 -123456789012345 5 Current value of plan’s interest under this contract in separate accounts at year end ...... 5 -12345678901234574974679 6 Contracts With Allocated Funds: a State the basis of premium rates 

b Premiums paid to carrier ...... 6b -123456789012345 c Premiums due but unpaid at the end of the year ...... 6c -123456789012345 d If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or 6d retention of the contract or policy, enter amount...... -123456789012345 Specify nature of costs 

e Type of contract: (1) X individual policies (2) X group deferred annuity (3) other (specify)  X

f If contract purchased, in whole or in part, to distribute benefits from a terminating plan, check here  X 7 Contracts With Unallocated Funds (Do not include portions of these contracts maintained in separate accounts) a Type of contract: (1) X deposit administration (2) X immediate participation guarantee  (3) X guaranteed investment (4) X other

b Balance at the end of the previous year ...... 7b -123456789012345 c Additions: (1) Contributions deposited during the year ...... 7c(1) -123456789012345 (2) Dividends and credits ...... 7c(2) -123456789012345 (3) Interest credited during the year ...... 7c(3) -123456789012345 (4) Transferred from separate account...... 7c(4) -123456789012345 (5) Other (specify below) ...... 7c(5) -123456789012345 

(6)Total additions ...... 7c(6) -123456789012345 d Total of balance and additions (add lines 7b and 7c(6))...... 7d -123456789012345 e Deductions: (1) Disbursed from fund to pay benefits or purchase annuities during year 7e(1) -123456789012345 (2) Administration charge made by carrier ...... 7e(2) -123456789012345 (3) Transferred to separate account ...... 7e(3) -123456789012345 (4) Other (specify below) ...... 7e(4) -123456789012345 

(5) Total deductions ...... 7e(5) -123456789012345 f Balance at the end of the current year (subtract line 7e(5) from line 7d) ...... 7f -123456789012345 Schedule A (Form 5500) 2014 Page 4

Part III Welfare Benefit Contract Information If more than one contract covers the same group of employees of the same employer(s) or members of the same employee organizations(s), the information may be combined for reporting purposes if such contracts are experience-rated as a unit. Where contracts cover individual employees, the entire group of such individual contracts with each carrier may be treated as a unit for purposes of this report. 8 Benefit and contract type (check all applicable boxes) a X Health (other than dental or vision) b X Dental c X Vision d X Life insurance e X Temporary disability (accident and sickness) f X Long-term disability g X Supplemental unemployment h X Prescription drug i X Stop loss (large deductible) j X HMO contract k X PPO contract l X Indemnity contract m X Other (specify)  ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCKEFGHI ABCDEFGHI ABCDEFGHI ABCDE 9 Experience-rated contracts: a Premiums: (1) Amount received ...... 9a(1) -123456789012345 (2) Increase (decrease) in amount due but unpaid ...... 9a(2) -123456789012345 (3) Increase (decrease) in unearned premium reserve ...... 9a(3) -123456789012345 (4) Earned ((1) + (2) - (3)) ...... 9a(4) -123456789012345 b Benefit charges (1) Claims paid ...... 9b(1) -123456789012345 (2) Increase (decrease) in claim reserves ...... 9b(2) -123456789012345 (3) Incurred claims (add (1) and (2)) ...... 9b(3) 123456789012345 (4) Claims charged ...... 9b(4) 123456789012345 c Remainder of premium: (1) Retention charges (on an accrual basis) -- -123456789012345 (A) Commissions ...... 9c(1)(A) -123456789012345 (B) Administrative service or other fees ...... 9c(1)(B) -123456789012345 (C) Other specific acquisition costs ...... 9c(1)(C) -123456789012345 (D) Other expenses ...... 9c(1)(D) -123456789012345 (E) Taxes ...... 9c(1)(E) -123456789012345 (F) Charges for risks or other contingencies ...... 9c(1)(F) -123456789012345 (G) Other retention charges ...... 9c(1)(G) -123456789012345 (H) Total retention ...... 9c(1)(H) -123456789012345 (2) Dividends or retroactive rate refunds. (These amounts were X paid in cash, or X credited.) ...... 9c(2) -123456789012345 d Status of policyholder reserves at end of year: (1) Amount held to provide benefits after retirement ...... 9d(1) -123456789012345 (2) Claim reserves ...... 9d(2) -123456789012345 (3) Other reserves...... 9d(3) -123456789012345 e Dividends or retroactive rate refunds due. (Do not include amount entered in line 9c(2).) ...... 9e -123456789012345 10 Nonexperience-rated contracts: a Total premiums or subscription charges paid to carrier ...... 10a -123456789012345 b If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, other than reported in Part I, line 2 above, report amount...... 10b -123456789012345 Specify nature of costs 

Part IV Provision of Information 11 Did the insurance company fail to provide any information necessary to complete Schedule A? ...... X Yes X No 12 If the answer to line 11 is “Yes,” specify the information not provided.  ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE

OMB No. 1210-0110 SCHEDULE MB Multiemployer Defined Benefit Plan and Certain (Form 5500) Money Purchase Plan Actuarial Information 2014

Department of the Treasury Internal Revenue Service This schedule is required to be filed under section 104 of the Employee This Form is Open to Public Department of Labor Retirement Income Security Act of 1974 (ERISA) and section 6059 of the Employee Benefits Security Administration Internal Revenue Code (the Code). Inspection Pension Benefit Guaranty Corporation  File as an attachment to Form 5500 or 5500-SF. For calendar plan year 2014 or fiscal plan year beginning 07/01/2014 and ending 06/30/2015 Round off amounts to nearest dollar. Caution: A penalty of $1,000 will be assessed for late filing of this report unless reasonable cause is established. A Name of plan B Three-digit NEW YORK DISTRICT COUNCIL OF CARPENTERS PENSION PL 001 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI plan number (PN)  001 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI C Plan sponsor’s name as shown on line 2a of Form 5500 or 5500-SF D Employer Identification Number (EIN) BOARD OF TRUSTEES OF NYCDCC PENSION FUND 51-0174276 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 012345678 ABCDEFGHI E Type of plan: (1) X Multiemployer Defined Benefit (2) X Money Purchase (see instructions) 07 01 2014 1a Enter the valuation date: Month ______Day ______Year ______b Assets (1) Current value of assets ...... 1b(1) 2776785969 (2) Actuarial value of assets for funding standard account ...... 1b(2) 2774014799 c (1) Accrued liability for plan using immediate gain methods ...... 1c(1) 3112020119 (2) Information for plans using spread gain methods: (a) Unfunded liability for methods with bases ...... 1c(2)(a) -123456789012345 (b) Accrued liability under entry age normal method ...... 1c(2)(b) -123456789012345 (c) Normal cost under entry age normal method ...... 1c(2)(c) -123456789012345 (3) Accrued liability under unit credit cost method ...... 1c(3) -1234567890123453112020119 d Information on current liabilities of the plan: (1) Amount excluded from current liability attributable to pre-participation service (see instructions) ...... 1d(1) -123456789012345 (2) “RPA ‘94” information: (a) Current liability ...... 1d(2)(a) -1234567890123455195188380 (b) Expected increase in current liability due to benefits accruing during the plan year ...... 1d(2)(b) -123456789012345204883439 (c) Expected release from “RPA ‘94” current liability for the plan year ...... 1d(2)(c) -123456789012345194537181 (3) Expected plan disbursements for the plan year ...... 1d(3) -123456789012345201287181 Statement by Enrolled Actuary To the best of my knowledge, the information supplied in this schedule and accompanying schedules, statements and attachments, if any, is complete and accurate. Each prescribed assumption was applied in accordance with applicable law and regulations. In my opinion, each other assumption is reasonable (taking into account the experience of the plan and reasonable expectations) and such other assumptions, in combination, offer my best estimate of anticipated experience under the plan. SIGN

HERE 03/30/2016 Signature of actuary Date DIANE GLEAVE, ASA, FCA, MAAA 14-03872 Type or print name of actuary Most recent enrollment number SEGAL CONSULTING 212-251-5000 Firm name Telephone number (including area code) 333 WEST 34TH STREET, NEW YORK, NY 10001-2402 Address of the firm

If the actuary has not fully reflected any regulation or ruling promulgated under the statute in completing this schedule, check the box and see instructions X For Paperwork Reduction Act Notice and OMB Control Numbers, see the instructions for Form 5500 or Form 5500-SF. Schedule MB (Form 5500) 2014 v. 140124 Schedule MB (Form 5500) 2014 Page 2- 11 x

2 Operational information as of beginning of this plan year: a Current value of assets (see instructions) ...... ………… 2a -1234567890123452776785969 b “RPA ‘94” current liability/participant count breakdown: (1) Number of participants (2) Current liability (1) For retired participants and beneficiaries receiving payment ...... 12345678 13464 -1234567890123452208371785 (2) For terminated vested participants ...... 12345678 4361 -123456789012345475228023 (3) For active participants: 332590346 (a) Non-vested benefits ...... -123456789012345 (b) Vested benefits ...... -1234567890123452178998226 (c) Total active ...... 11148 -1234567890123452511588572 (4) Total ...... 12345678 28973 -1234567890123455195188380 c If the percentage resulting from dividing line 2a by line 2b(4), column (2), is less than 70%, enter such 2c percentage ...... 123.1253.45 % 3 Contributions made to the plan for the plan year by employer(s) and employees: (a) Date (b) Amount paid by (c) Amount paid by (a) Date (b) Amount paid by (c) Amount paid by (MM-DD-YYYY) employer(s) employees (MM-DD-YYYY) employer(s) employees

01/15/2015 235148533 0

Totals ► 3(b) 235148533 3(c) 0

4 Information on plan status:

a Enter code to indicate plan’s status (see instructions for attachment of supporting evidence of plan’s status). If 4a N code is “N,” go to line 5......

b Funded percentage for monitoring plan’s status (line 1b(2) divided by line 1c(3)) ...... 4b 123.1%

c Is the plan making the scheduled progress under any applicable funding improvement or rehabilitation plan? ...... X Yes X No

d If the plan is in critical status, were any adjustable benefits reduced? ...... X Yes X No e If line d is “Yes,” enter the reduction in liability resulting from the reduction in adjustable benefits, measured as of the valuation date………………………………………………………………………………………………………… 4e -123456789012345

f If the rehabilitation plan projects emergence from critical status, enter the plan year in which it is projected to emerge. If the rehabilitation plan is based on forestalling possible insolvency, enter the plan year in which insolvency is 4f expected and check here ………………………………......

5 Actuarial cost method used as the basis for this plan year’s funding standard account computations (check all that apply): a X Attained age normal b X Entry age normal c X Accrued benefit (unit credit) d X Aggregate e X Frozen initial liability f X Individual level premium g X Individual aggregate h X Shortfall j i X Reorganization X Other (specify): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI AB ABCDEFGHI ABCDEFGHI ABCDEFGHI C ABCDEFGHI ABCDEFGHI ABCDEFGHI DE k If box h is checked, enter period of use of shortfall method ...... 5k YYYY-MM-DD l Has a change been made in funding method for this plan year? ...... X Yes X No m If line l is “Yes,” was the change made pursuant to Revenue Procedure 2000-40 or other automatic approval? ...... X Yes X No n If line l is “Yes,” and line m is “No,” enter the date (MM-DD-YYYY) of the ruling letter (individual or class) 5n approving the change in funding method ...... YYYY-MM-DD 6 Checklist of certain actuarial assumptions: a Interest rate for “RPA ‘94” current liability...... 6a 123.123.59 % Pre-retirement Post-retirement b Rates specified in insurance or annuity contracts ...... X Yes X No X N/A X Yes X No X N/A c Mortality table code for valuation purposes: Schedule MB (Form 5500) 2014 Page 3 - 11 x (1) Males ...... 6c(1) A A (2) Females ...... 6c(2) A A d Valuation liability interest rate ...... 6d 123.127.50% 123.127.50 % e Expense loading ...... 6e 123.126.9% X N/A 123.12% X N/A f 6f X Salary scale ...... 123.12% X N/A g Estimated investment return on actuarial value of assets for year ending on the valuation date ...... 6g -123.17.7 % h Estimated investment return on current value of assets for year ending on the valuation date ...... 6h -123.113.9 %

7 New amortization bases established in the current plan year: (1) Type of base (2) Initial balance (3) Amortization Charge/Credit A8 -12345678901234558326106 -1234567890123454940090 A8 -1234567890123457490948 -123456789012345625133 A4 -12345678901234583596983 -1234567890123458809741 8 Miscellaneous information: a If a waiver of a funding deficiency has been approved for this plan year, enter the date (MM-DD-YYYY) of the 8a ruling letter granting the approval ...... YYYY-MM-DD b Is the plan required to provide a Schedule of Active Participant Data? (See the instructions.) If “Yes,” attach schedule. X Yes X No c Are any of the plan’s amortization bases operating under an extension of time under section 412(e) (as in effect prior to Yes X No 2008) or section 431(d) of the Code? ...... X X d If line c is “Yes,” provide the following additional information: (1) Was an extension granted automatic approval under section 431(d)(1) of the Code? ...... X Yes X No 8d(2) (2) If line 8d(1) is “Yes,” enter the number of years by which the amortization period was extended ...... 12 (3) Was an extension approved by the Internal Revenue Service under section 412(e) (as in effect prior to Yes No 2008) or 431(d)(2) of the Code? ...... X X (4) If line 8d(3) is “Yes,” enter number of years by which the amortization period was extended (not including 8d(4) the number of years in line (2)) ...... 12 (5) If line 8d(3) is “Yes,” enter the date of the ruling letter approving the extension ...... 8d(5) YYYY-MM-DD (6) If line 8d(3) is “Yes,” is the amortization base eligible for amortization using interest rates applicable under section Yes No 6621(b) of the Code for years beginning after 2007? ...... X X e If box 5h is checked or line 8c is “Yes,” enter the difference between the minimum required contribution for the year and the minimum that would have been required without using the shortfall method or extending the 8e amortization base(s) ...... -123456789012345 9 Funding standard account statement for this plan year: Charges to funding standard account: a 9a 0 Prior year funding deficiency, if any ...... -123456789012345 b 9b 100570408 Employer’s normal cost for plan year as of valuation date ...... -123456789012345 c Amortization charges as of valuation date: Outstanding balance (1) All bases except funding waivers and certain bases for which the 9c(1) 1293790255 188165519 amortization period has been extended ...... -123456789012345 -123456789012345 (2) 9c(2) 0 0 Funding waivers ...... -123456789012345 -123456789012345 (3) 9c(3) 0 0 Certain bases for which the amortization period has been extended ...... -123456789012345 -123456789012345 9d 21655195 d Interest as applicable on lines 9a, 9b, and 9c ...... -123456789012345 e 9e 310391122 Total charges. Add lines 9a through 9d ...... -123456789012345 Credits to funding standard account: f 9f 585039258 Prior year credit balance, if any ...... -123456789012345 9g g Employer contributions. Total from column (b) of line 3 ...... -123456789012345235148533 Outstanding balance h 9h 370745677 54717604 Amortization credits as of valuation date ...... -123456789012345 -123456789012345 i 9i 56064995 Interest as applicable to end of plan year on lines 9f, 9g, and 9h ...... -123456789012345 j Full funding limitation (FFL) and credits: (1) ERISA FFL (accrued liability FFL) ...... 9j(1) -1234567890123451100386110 Schedule MB (Form 5500) 2014 Page 3 - 12 x (1) Males ...... 6c(1) (2) Females ...... 6c(2) d Valuation liability interest rate ...... 6d 123.12% 123.12% e Expense loading ...... 6e 123.12% X N/A 123.12% X N/A f 6f Salary scale ...... 123.12% X N/A g Estimated investment return on actuarial value of assets for year ending on the valuation date ...... 6g -123.1% h Estimated investment return on current value of assets for year ending on the valuation date ...... 6h -123.1%

7 New amortization bases established in the current plan year: (1) Type of base (2) Initial balance (3) Amortization Charge/Credit A1 -123456789012345-55586359 -123456789012345-5857884 A -123456789012345 -123456789012345 A -123456789012345 -123456789012345 8 Miscellaneous information: a If a waiver of a funding deficiency has been approved for this plan year, enter the date (MM-DD-YYYY) of the 8a ruling letter granting the approval ...... YYYY-MM-DD b Is the plan required to provide a Schedule of Active Participant Data? (See the instructions.) If “Yes,” attach schedule. X Yes X No c Are any of the plan’s amortization bases operating under an extension of time under section 412(e) (as in effect prior to Yes No 2008) or section 431(d) of the Code? ...... X X d If line c is “Yes,” provide the following additional information: (1) Was an extension granted automatic approval under section 431(d)(1) of the Code? ...... X Yes X No 8d(2) (2) If line 8d(1) is “Yes,” enter the number of years by which the amortization period was extended ...... 12 (3) Was an extension approved by the Internal Revenue Service under section 412(e) (as in effect prior to Yes No 2008) or 431(d)(2) of the Code? ...... X X (4) If line 8d(3) is “Yes,” enter number of years by which the amortization period was extended (not including 8d(4) the number of years in line (2)) ...... 12 (5) If line 8d(3) is “Yes,” enter the date of the ruling letter approving the extension ...... 8d(5) YYYY-MM-DD (6) If line 8d(3) is “Yes,” is the amortization base eligible for amortization using interest rates applicable under section Yes No 6621(b) of the Code for years beginning after 2007? ...... X X e If box 5h is checked or line 8c is “Yes,” enter the difference between the minimum required contribution for the year and the minimum that would have been required without using the shortfall method or extending the 8e amortization base(s) ...... -123456789012345 9 Funding standard account statement for this plan year: Charges to funding standard account: a 9a Prior year funding deficiency, if any ...... -123456789012345 b 9b Employer’s normal cost for plan year as of valuation date ...... -123456789012345 c Amortization charges as of valuation date: Outstanding balance (1) All bases except funding waivers and certain bases for which the 9c(1) amortization period has been extended ...... -123456789012345 -123456789012345 (2) 9c(2) Funding waivers ...... -123456789012345 -123456789012345 (3) 9c(3) Certain bases for which the amortization period has been extended ...... -123456789012345 -123456789012345 9d d Interest as applicable on lines 9a, 9b, and 9c ...... -123456789012345 e 9e Total charges. Add lines 9a through 9d ...... -123456789012345 Credits to funding standard account: f 9f Prior year credit balance, if any ...... -123456789012345 9g g Employer contributions. Total from column (b) of line 3 ...... -123456789012345 Outstanding balance h 9h Amortization credits as of valuation date ...... -123456789012345 -123456789012345 i 9i Interest as applicable to end of plan year on lines 9f, 9g, and 9h ...... -123456789012345 j Full funding limitation (FFL) and credits: (1) ERISA FFL (accrued liability FFL) ...... 9j(1) -123456789012345 Schedule MB (Form 5500) 2014 Page 4 (2) “RPA ‘94” override (90% current liability FFL) ...... 9j(2) -1234567890123452083406198 (3) 9j(3) 0 FFL credit ...... -123456789012345 k (1) 9k(1) 0 Waived funding deficiency ...... -123456789012345 (2) 9k(2) 0 Other credits ...... -123456789012345 l 9l 930970390 Total credits. Add lines 9f through 9i, 9j(3), 9k(1), and 9k(2) ...... -123456789012345 9m 620579268 m Credit balance: If line 9l is greater than line 9e, enter the difference ...... -123456789012345 n 9n Funding deficiency: If line 9e is greater than line 9l, enter the difference ...... -123456789012345

9 o Current year’s accumulated reconciliation account: 9o(1) 0 (1) Due to waived funding deficiency accumulated prior to the 2014 plan year ...... -123456789012345 (2) Due to amortization bases extended and amortized using the interest rate under section 6621(b) of the Code: 9o(2)(a) 0 (a) Reconciliation outstanding balance as of valuation date ...... -123456789012345 9o(2)(b) 0 (b) Reconciliation amount (line 9c(3) balance minus line 9o(2)(a)) ...... -123456789012345 9o(3) (3) Total as of valuation date ...... -123456789012345 0 10 10 Contribution necessary to avoid an accumulated funding deficiency. (See instructions.) ...... -123456789012345 11 Has a change been made in the actuarial assumptions for the current plan year? If “Yes,” see instructions...... X Yes X No

Schedule C (Form 5500) 2011 Page 1 OMB No. 1210-0110 SCHEDULE C Service Provider Information (Form 5500) 2014 Department of the Treasury This schedule is required to be filed under section 104 of the Employee Internal Revenue Service Retirement Income Security Act of 1974 (ERISA). Department of Labor This Form is Open to Public Employee Benefits Security Administration  File as an attachment to Form 5500. Inspection. Pension Benefit Guaranty Corporation For calendar plan year 2014 or fiscal plan year beginning 07/01/2014 and ending 06/30/2015 A Name of plan B Three-digit NEW YORK DISTRICT COUNCIL OF CARPENTERS PENSION PL 001 ABCDEFGHI plan number (PN)  001

C Plan sponsor’s name as shown on line 2a of Form 5500 D Employer Identification Number (EIN) ABCDEFGHIBOARD OF TRUSTEES OF NYCDCC PENSION FUND 01234567851-0174276

Part I Service Provider Information (see instructions)

You must complete this Part, in accordance with the instructions, to report the information required for each person who received, directly or indirectly, $5,000 or more in total compensation (i.e., money or anything else of monetary value) in connection with services rendered to the plan or the person's position with the plan during the plan year. If a person received only eligible indirect compensation for which the plan received the required disclosures, you are required to answer line 1 but are not required to include that person when completing the remainder of this Part.

1 Information on Persons Receiving Only Eligible Indirect Compensation a Check "Yes" or "No" to indicate whether you are excluding a person from the remainder of this Part because they received only eligible indirect compensation for which the plan received the required disclosures (see instructions for definitions and conditions)...... X Yes X No b If you answered line 1a “Yes,” enter the name and EIN or address of each person providing the required disclosures for the service providers who received only eligible indirect compensation. Complete as many entries as needed (see instructions).

(b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation ABBOTT CAPITAL MANAGEMENT LLC

04-3376204

(b) Enter name and EIN or address of person who provided you disclosure on eligible indirect compensation GOLDENTREE ASSET MANAGEMENT LP

13-4118850

(b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation GROSVENOR CAPITAL MANAGEMENT LP

36-3795985

(b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation HLA CARPENTERS II LLC

13-4303409

For Paperwork Reduction Act Notice and OMB Control Numbers, see the instructions for Form 5500 Schedule C (Form 5500) 2014 v.140124 Schedule C (Form 5500) 2014 Page 2- 11 x

(b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation

HLA CARPENTERS LLC

23-2962336

(b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation MCMORGAN & COMPANY LLC

52-2334338

(b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation NB DYAL ADVISORS LLC

27-2301101

(b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation NEWTOWER TRUST COMPANY

20-1641876

(b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation OAKTREE CAPITAL MANAGEMENT LP

26-0189082

(b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation PACIFIC INVESTMENT MGMNT CO LLC

33-0629048

(b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation PNC BANK NATIONAL ASSOCIATION

22-1146430

(b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation SEI TRUST COMPANY

06-1271230 Schedule C (Form 5500) 2014 Page 2- 12 x

(b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation

NB ALTERNATIVE ADVISERS LLC

30-0536163

(b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation GOLDMAN SACHS ASSET MANAGEMENT

13-3575636

(b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation METHOD ADVISORS LLC

26-0475883

(b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation

Schedule C (Form 5500) 2014 Page 3 - 11 x

2. Information on Other Service Providers Receiving Direct or Indirect Compensation. Except for those persons for whom you answered “Yes” to line 1a above, complete as many entries as needed to list each person receiving, directly or indirectly, $5,000 or more in total compensation (i.e., money or anything else of value) in connection with services rendered to the plan or their position with the plan during the plan year. (See instructions).

(a) Enter name and EIN or address (see instructions) WALTER SCOTT & PARTNERS LTD

98-0465834

(b) (c) (d) (e) (f) (g) (h) Service Relationship to Enter direct Did service provider Did indirect compensation Enter total indirect Did the service Code(s) employer, employee compensation paid receive indirect include eligible indirect compensation received by provider give you a organization, or by the plan. If none, compensation? (sources compensation, for which the service provider excluding formula instead of person known to be enter -0-. other than plan or plan plan received the required eligible indirect an amount or a party-in-interest sponsor) disclosures? compensation for which you estimated amount? answered “Yes” to element (f). If none, enter -0-.

28 51 ABCDEFGHINONE 1234567890121059808 123456789012345 ABCDEFGHI 345 Yes X No X Yes X No X Yes X No X ABCD

(a) Enter name and EIN or address (see instructions) GAMCO ASSET MANAGEMENT INC

13-4044521

(a) Enter name and EIN or address (see instructions) WESTFIELD CAPITAL MANAGEMENT CO LP

80-0175963

(a) Enter name and EIN or address (see instructions) LOOMIS SAYLES AND COMPANY

04-3200030

28 51 68 ABCDEFGHINONE 123456789012526924 1234567890123450 ABCDEFGHI 345 Yes X No X Yes X No X Yes X No X ABCD

(a) Enter name and EIN or address (see instructions) LSV ASSET MANAGEMENT

23-2772200

(a) Enter name and EIN or address (see instructions) MACKAY SHIELDS LLC

13-4080466

(a) Enter name and EIN or address (see instructions) GALLAGHER FIDUCIARY ADVISORS LLC

36-4291971

27 ABCDEFGHINONE 123456789012359210 123456789012345 ABCDEFGHI 345 Yes X No X Yes X No X Yes X No X ABCD

(a) Enter name and EIN or address (see instructions) INVESCO ADVISERS INC

58-1707262

(a) Enter name and EIN or address (see instructions) NWQ INVESTMENT MANAGEMENT LLC

47-0875103

(a) Enter name and EIN or address (see instructions) LAZARD ASSET MANAGEMENT LLC

05-0530199

28 51 68 ABCDEFGHINONE 123456789012305643 1234567890123450 ABCDEFGHI 345 Yes X No X Yes X No X Yes X No X ABCD

(a) Enter name and EIN or address (see instructions) COLUMBIA MGMT INVESTMENT ADVISERS

41-1533211

(a) Enter name and EIN or address (see instructions) WELLINGTON TRUST COMPANY NA

04-2755549

(a) Enter name and EIN or address (see instructions) PAYDEN & RYGEL

95-3921788

28 51 ABCDEFGHINONE 123456789012201912 123456789012345 ABCDEFGHI 345 Yes X No X Yes X No X Yes X No X ABCD

(a) Enter name and EIN or address (see instructions) HIGHLAND CAPITAL MANAGEMENT LLC

27-5440911

(a) Enter name and EIN or address (see instructions) KAUFF, MCGUIRE & MARGOLIS LLP

13-3573855

(a) Enter name and EIN or address (see instructions) STATE STREET GLOBAL ADVISORS

04-1867445

18 19 28 51 NONE 165444 0 52 ABCDEFGHI 123456789012 123456789012345 ABCDEFGHI 345 Yes X No X Yes X No X Yes X No X ABCD

(a) Enter name and EIN or address (see instructions) BANK OF NEW YORK MELLON

13-5160382

(a) Enter name and EIN or address (see instructions) THE SEGAL COMPANY

13-1835864

(a) Enter name and EIN or address (see instructions) AMALGAMATED BANK OF NEW YORK

13-4920330

19 28 51 ABCDEFGHINONE 12345678901297978 123456789012345 ABCDEFGHI 345 Yes X No X Yes X No X Yes X No X ABCD

(a) Enter name and EIN or address (see instructions) SCHULTHEIS & PANETTIERI, LLP

13-1577780

(a) Enter name and EIN or address (see instructions) BRIAN SPENCER SR. MARYLAND AVE FREEPORT, NY 11520

(a) Enter name and EIN or address (see instructions) RESEARCH AFFILIATES LLC

02-0570299

28 51 ABCDEFGHINONE 12345678901219506 123456789012345 ABCDEFGHI 345 Yes X No X Yes X No X Yes X No X ABCD

(a) Enter name and EIN or address (see instructions) UNION LABOR LIFE INSURANCE CO

13-1423090

(a) Enter name and EIN or address (see instructions) CONVERGEX EXECUTION SOLUTIONS LLC

13-3989198

Part I Service Provider Information (continued) 3 If you reported on line 2 receipt of indirect compensation, other than eligible indirect compensation, by a service provider, and the service provider is a fiduciary or provides contract administrator, consulting, custodial, investment advisory, investment management, broker, or recordkeeping services, answer the following questions for (a) each source from whom the service provider received $1,000 or more in indirect compensation and (b) each source for whom the service provider gave you a formula used to determine the indirect compensation instead of an amount or estimated amount of the indirect compensation. Complete as many entries as needed to report the required information for each source. (a) Enter service provider name as it appears on line 2 (b) Service Codes (c) Enter amount of indirect (see instructions) compensation

(d) Enter name and EIN (address) of source of indirect compensation (e) Describe the indirect compensation, including any formula used to determine the service provider’s eligibility for or the amount of the indirect compensation.

(a) Enter service provider name as it appears on line 2 (b) Service Codes (c) Enter amount of indirect (see instructions) compensation

Schedule C (Form 5500) 2014 Page 5- 1 x

Part II Service Providers Who Fail or Refuse to Provide Information 4 Provide, to the extent possible, the following information for each service provider who failed or refused to provide the information necessary to complete this Schedule. (a) Enter name and EIN or address of service provider (see (b) Nature of (c) Describe the information that the service provider failed or refused to instructions) Service provide Code(s) ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD 10 11 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD 12 13 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 1234567890 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE

(a) Enter name and EIN or address of service provider (see (b) Nature of (c) Describe the information that the service provider failed or refused to instructions) Service provide Code(s) ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD 10 11 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD 13 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 1234567890 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE

(a) Enter name and EIN or address of service provider (see (b) Nature of (c) Describe the information that the service provider failed or refused to instructions) Service provide Code(s)

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD 1234567890

Schedule C (Form 5500) 2014 Page 6- 11 x

Part III Termination Information on Accountants and Enrolled Actuaries (see instructions) (complete as many entries as needed) a Name: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b EIN: 123456789 c Position: ABCDEFGHI ABCDEFGHI ABCD d Address: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD e Telephone: 1234567890 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD Explanation: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI a Name: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b EIN: 123456789 c Position: ABCDEFGHI ABCDEFGHI ABCD d Address: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD e Telephone: 1234567890 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD Explanation: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI a Name: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b EIN: 123456789 c Position: ABCDEFGHI ABCDEFGHI ABCD d Address: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD e Telephone: 1234567890 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD Explanation: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI a Name: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b EIN: 123456789 c Position: ABCDEFGHI ABCDEFGHI ABCD d Address: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD e Telephone: 1234567890 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD Explanation: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI a Name: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b EIN: 123456789 c Position: ABCDEFGHI ABCDEFGHI ABCD d Address: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD e Telephone: 1234567890 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD Explanation: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI

SCHEDULE D DFE/Participating Plan Information OMB No. 1210-0110

(Form 5500) This schedule is required to be filed under section 104 of the Employee Department of the Treasury 2014 Internal Revenue Service Retirement Income Security Act of 1974 (ERISA).

Department of Labor  File as an attachment to Form 5500. Employee Benefits Security Administration This Form is Open to Public Inspection.

For calendar plan year 2014 or fiscal plan year beginning 07/01/2014 and ending 06/30/2015 A Name of plan B Three-digit NEW YORK DISTRICT COUNCIL OF CARPENTERS PENSION PL ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI plan number (PN)  001 001 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI C Plan or DFE sponsor’s name as shown on line 2a of Form 5500 D Employer Identification Number (EIN) ABCDEFGHIBOARD OF TRUSTEES ABCDEFGHI OF NYCDCC ABCDEFGHI PENSION FUNDABCDEFGHI ABCDEFGHI ABCDEFGHI 01234567851-0174276 ABCDEFGHI Part I Information on interests in MTIAs, CCTs, PSAs, and 103-12 IEs (to be completed by plans and DFEs) (Complete as many entries as needed to report all interests in DFEs) a Name of MTIA, CCT, PSA, or 103-12 IE: SSGA MSCIABCDEFGHI ACWI EX USA ABCDEFGHI NL FUND ABCDEFGHI ABCD STATE STREET BANK AND TRUST COMPANY b Name of sponsor of entity listed in (a): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI d Entity e Dollar value of interest in MTIA, CCT, PSA, or c EIN-PN 90-0337987-159 C 167474809 123456789-123 code 1 103-12 IE at end of year (see instructions) -123456789012345 WTC-CTF GLOBAL TOTAL RETURN a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD WELLINGTON TRUST COMPANY, NA b Name of sponsor of entity listed in (a): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI d Entity C e Dollar value of interest in MTIA, CCT, PSA, or c EIN-PN 27-2918974-001 103769030 123456789-123 code 1 103-12 IE at end of year (see instructions) -123456789012345 MULTI-EMPLOYER PROPERTY TRUST a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD NEWTOWER TRUST COMPANY b Name of sponsor of entity listed in (a): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI d Entity C e Dollar value of interest in MTIA, CCT, PSA, or c EIN-PN 52-6218800-001 118296441 123456789-123 code 1 103-12 IE at end of year (see instructions) -123456789012345 LONGVIEW LARGECAP 500 INDEX FUND a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD AMALGAMATED BANK b Name of sponsor of entity listed in (a): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI d Entity C e Dollar value of interest in MTIA, CCT, PSA, or c EIN-PN 13-4920330-009 98978029 123456789-123 code 1 103-12 IE at end of year (see instructions) -123456789012345 AFL-CIO BUILDING INVESTMENT TRUST a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD PNC BANK, NATIONAL ASSOCIATION AS TRUSTEE b Name of sponsor of entity listed in (a): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI d Entity e Dollar value of interest in MTIA, CCT, PSA, or c EIN-PN 52-6328901-001 C 50001238 123456789-123 code 1 103-12 IE at end of year (see instructions) -123456789012345 LONGVIEW ULTRA CONSTRCT LOAN INV FD a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD AMALGAMATED BANK b Name of sponsor of entity listed in (a): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI Entity C Dollar value of interest in MTIA, CCT, PSA, or c EIN-PN 20-8434730-006 d e 5221276 123456789-123 code 1 103-12 IE at end of year (see instructions) -123456789012345 UNION LABOR LIFE INS CO SEP ACCT J a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD THE UNION LABOR LIFE INSURANCE CO b Name of sponsor of entity listed in (a): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI Entity P Dollar value of interest in MTIA, CCT, PSA, or c EIN-PN 13-1423090-203 d e 74974679 code 103-12 IE at end of year (see instructions) 123456789-123 1 -123456789012345 For Paperwork Reduction Act Notice and OMB Control Numbers, see the instructions for Form 5500. Schedule D (Form 5500) 2014 v. 140124 Schedule D (Form 5500) 2014 Page 2 - 11 x EB TEMPORARY INVESTMENT a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD THE BANK OF NEW YORK MELLON b Name of sponsor of entity listed in (a): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI Entity C Dollar value of interest in MTIA, CCT, PSA, or c EIN-PN 25-6078093-023 d e 262095 123456789-123 code 1 103-12 IE at end of year (see instructions) -123456789012345 GOLDENTREE HI YLD VAL FD OS II LTD a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD GOLDENTREE ASSET MANAGEMENT LP b Name of sponsor of entity listed in (a): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI Entity E Dollar value of interest in MTIA, CCT, PSA, or c EIN-PN 98-1018819-002 d e 87710564 123456789-123 code 1 103-12 IE at end of year (see instructions) -123456789012345 EARNEST PARTNERS MULTIPLE INVEST TR a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD SEI TRUST COMPANY b Name of sponsor of entity listed in (a): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI Entity C Dollar value of interest in MTIA, CCT, PSA, or c EIN-PN 26-4377500-041 d e 98983244 123456789-123 code 1 103-12 IE at end of year (see instructions) -123456789012345 WS GROUP TRUST GLOBAL FUND a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD BNY MELLON INVESTMENT MGMT CAYMAN LTD b Name of sponsor of entity listed in (a): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI Entity Dollar value of interest in MTIA, CCT, PSA, or c EIN-PN 76-6192146-003 d E e 151599444 123456789-123 code 1 103-12 IE at end of year (see instructions) -123456789012345 LAZARD EMERGING INCOME LTD a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD LAZARD ASSET MANAGEMENT LLC b Name of sponsor of entity listed in (a): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI Entity Dollar value of interest in MTIA, CCT, PSA, or c EIN-PN 20-4571006-001 d E e 0 123456789-123 code 1 103-12 IE at end of year (see instructions) -123456789012345 PIMCO COLLECTIVE INVESTMENT TRUST a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD SEI TRUST COMPANY b Name of sponsor of entity listed in (a): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI Entity C Dollar value of interest in MTIA, CCT, PSA, or c EIN-PN 27-0834899-035 d e 0 123456789-123 code 1 103-12 IE at end of year (see instructions) -123456789012345 LOOMIS SAYLES SECURITIZED TRUST a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD LOOMIS SAYLES TRUST COMPANY LLC b Name of sponsor of entity listed in (a): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI d Entity C e Dollar value of interest in MTIA, CCT, PSA, or c EIN-PN 20-8080381-009 0 123456789-123 code 1 103-12 IE at end of year (see instructions) -123456789012345 a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b Name of sponsor of entity listed in (a): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI d Entity e Dollar value of interest in MTIA, CCT, PSA, or c EIN-PN 123456789-123 code 1 103-12 IE at end of year (see instructions) -123456789012345 a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b Name of sponsor of entity listed in (a): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI d Entity e Dollar value of interest in MTIA, CCT, PSA, or c EIN-PN 123456789-123 code 1 103-12 IE at end of year (see instructions) -123456789012345 a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b Name of sponsor of entity listed in (a): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI d Entity e Dollar value of interest in MTIA, CCT, PSA, or c EIN-PN 123456789-123 code 1 103-12 IE at end of year (see instructions) -123456789012345

Schedule D (Form 5500) 2014 Page 3 - 11 x 6 Part II Information on Participating Plans (to be completed by DFEs) (Complete as many entries as needed to report all participating plans) a Plan name ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI b Name of ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI c EIN-PN plan sponsor ABCDEFGHI ABCDEFGHI 123456789-123

a Plan name ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI b Name of ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI c EIN-PN plan sponsor ABCDEFGHI ABCDEFGHI 123456789-123

SCHEDULE H OMB No. 1210-0110 Financial Information (Form 5500) 2014 Department of the Treasury This schedule is required to be filed under section 104 of the Employee Internal Revenue Service Retirement Income Security Act of 1974 (ERISA), and section 6058(a) of the Internal Revenue Code (the Code). Department of Labor This Form is Open to Public Employee Benefits Security Administration  File as an attachment to Form 5500. Inspection Pension Benefit Guaranty Corporation For calendar plan year 2014 or fiscal plan year beginning 07/01/2014 and ending 06/30/2015 A Name of plan Three-digit NEW YORK DISTRICT COUNCIL OF CARPENTERS PENSION PL B ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI plan number (PN)  001 001 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI C Plan sponsor’s name as shown on line 2a of Form 5500 D Employer Identification Number (EIN) BOARDABCDEFGHI OF TRUSTEES ABCDEFGHI OF NYCDCC ABCDEFGHI PENSION FUNDABCDEFGHI ABCDEFGHI ABCDEFGHI 51-0174276012345678 ABCDEFGHI Part I Asset and Liability Statement 1 Current value of plan assets and liabilities at the beginning and end of the plan year. Combine the value of plan assets held in more than one trust. Report the value of the plan’s interest in a commingled fund containing the assets of more than one plan on a line-by-line basis unless the value is reportable on lines 1c(9) through 1c(14). Do not enter the value of that portion of an insurance contract which guarantees, during this plan year, to pay a specific dollar benefit at a future date. Round off amounts to the nearest dollar. MTIAs, CCTs, PSAs, and 103-12 IEs do not complete lines 1b(1), 1b(2), 1c(8), 1g, 1h, and 1i. CCTs, PSAs, and 103-12 IEs also do not complete lines 1d and 1e. See instructions. Assets (a) Beginning of Year (b) End of Year 14264105 90661924 a Total noninterest-bearing cash ...... 1a -123456789012345 -123456789012345 b Receivables (less allowance for doubtful accounts): (1) Employer contributions ...... 1b(1) -12345678901123020002345 -12345678901234514688000 (2) Participant contributions ...... 1b(2) -123456789012345 -123456789012345 276080444 203847441 (3) Other ...... 1b(3) -123456789012345 -123456789012345 c General investments: (1) Interest-bearing cash (include money market accounts & certificates 1c(1) of deposit) ...... -1234567890123456939296 -12345678901234519263442 (2) U.S. Government securities ...... 1c(2) -123456789012345112751352 -12345678901234599492542 (3) Corporate debt instruments (other than employer securities): 40354333 70993459 (A) Preferred ...... 1c(3)(A) -123456789012345 -123456789012345 144498633 149128270 (B) All other ...... 1c(3)(B) -123456789012345 -123456789012345 (4) Corporate stocks (other than employer securities): (A) Preferred ...... 1c(4)(A) -123456789012345 -1234567890123451977660 733269684 787123577 (B) Common ...... 1c(4)(B) -123456789012345 -123456789012345 (5) Partnership/joint venture interests ...... 1c(5) -12345678901234592193994 -123456789012345108714690 (6) Real estate (other than employer real property) ...... 1c(6) -123456789012345356000000 -123456789012345361000000 (7) Loans (other than to participants) ...... 1c(7) -123456789012345200594860 -123456789012345152471767 (8) Participant loans ...... 1c(8) -123456789012345 -123456789012345 (9) Value of interest in common/collective trusts ...... 1c(9) -123456789012345680654628 -123456789012345642986162 72470008 74974679 (10) Value of interest in pooled separate accounts ...... 1c(10) -123456789012345 -123456789012345 (11) Value of interest in master trust investment accounts ...... 1c(11) -123456789012345 -123456789012345 293212947 239310008 (12) Value of interest in 103-12 investment entities ...... 1c(12) -123456789012345 -123456789012345 (13) Value of interest in registered investment companies (e.g., mutual 1c(13) funds) ...... -123456789012345611940 -12345678901234579053000 (14) Value of funds held in insurance company general account (unallocated 1c(14) contracts) ...... -123456789012345 -123456789012345 6141033 10474912 (15) Other ...... 1c(15) -123456789012345 -123456789012345

For Paperwork Reduction Act Notice and OMB Control Numbers, see the instructions for Form 5500 Schedule H (Form 5500) 2014 v. 140124

Schedule H (Form 5500) 2014 Page 2

1d Employer-related investments: (a) Beginning of Year (b) End of Year (1) Employer securities ...... 1d(1) -123456789012345 -123456789012345 (2) Employer real property ...... 1d(2) -123456789012345 -123456789012345 688868 752228 1e Buildings and other property used in plan operation ...... 1e -123456789012345 -123456789012345 3043028125 3106913761 1f Total assets (add all amounts in lines 1a through 1e) ...... 1f -123456789012345 -123456789012345 Liabilities 1g Benefit claims payable ...... 1g -123456789012345 -123456789012345 2546817 2557431 1h Operating payables ...... 1h -123456789012345 -123456789012345 1i Acquisition indebtedness ...... 1i -123456789012345 -123456789012345 263695339 189624133 1j Other liabilities ...... 1j -123456789012345 -123456789012345 266242156 192181564 1k Total liabilities (add all amounts in lines 1g through1j) ...... 1k -123456789012345 -123456789012345 Net Assets 1l Net assets (subtract line 1k from line 1f) ...... 1l -1234567890123452776785969 -1234567890123452914732197

Part II Income and Expense Statement 2 Plan income, expenses, and changes in net assets for the year. Include all income and expenses of the plan, including any trust(s) or separately maintained fund(s) and any payments/receipts to/from insurance carriers. Round off amounts to the nearest dollar. MTIAs, CCTs, PSAs, and 103-12 IEs do not complete lines 2a, 2b(1)(E), 2e, 2f, and 2g. Income (a) Amount (b) Total a Contributions: (1) Received or receivable in cash from: (A) Employers...... 2a(1)(A) -123456789012345235148533 (B) Participants ...... 2a(1)(B) -123456789012345 (C) Others (including rollovers) ...... 2a(1)(C) -123456789012345 (2) Noncash contributions ...... 2a(2) -123456789012345 235148533 (3) Total contributions. Add lines 2a(1)(A), (B), (C), and line 2a(2)...... 2a(3) -123456789012345 b Earnings on investments: (1) Interest: (A) Interest-bearing cash (including money market accounts and 2b(1)(A) certificates of deposit) ...... -123456789012345 1154002 (B) U.S. Government securities ...... 2b(1)(B) -123456789012345 6504037 (C) Corporate debt instruments ...... 2b(1)(C) -123456789012345 319397 (D) Loans (other than to participants) ...... 2b(1)(D) -123456789012345 (E) Participant loans ...... 2b(1)(E) -123456789012345 (F) Other ...... 2b(1)(F) -123456789012345310794 8288230 (G) Total interest. Add lines 2b(1)(A) through (F) ...... 2b(1)(G) -123456789012345 (2) Dividends: (A) Preferred stock ...... 2b(2)(A) -123456789012345 13358169 (B) Common stock...... 2b(2)(B) -123456789012345 256395 (C) Registered investment company shares (e.g. mutual funds) ...... 2b(2)(C) 13614564 (D) Total dividends. Add lines 2b(2)(A), (B), and (C) 2b(2)(D) -123456789012345 (3) Rents...... 2b(3) -123456789012345 1010445357 (4) Net gain (loss) on sale of assets: (A) Aggregate proceeds ...... 2b(4)(A) -123456789012345 (B) Aggregate carrying amount (see instructions) ...... 2b(4)(B) -123456789012345988990953 (C) Subtract line 2b(4)(B) from line 2b(4)(A) and enter result ...... 2b(4)(C) -12345678901234521454404 5000000 (5) Unrealized appreciation (depreciation) of assets: (A) Real estate ...... 2b(5)(A) -123456789012345 39118415 (B) Other ...... 2b(5)(B) -123456789012345 (C) Total unrealized appreciation of assets. 2b(5)(C) 44118415 Add lines 2b(5)(A) and (B) ...... -123456789012345 Schedule H (Form 5500) 2014 Page 3

(a) Amount (b) Total 16135626 (6) Net investment gain (loss) from common/collective trusts ...... 2b(6) -123456789012345 3002063 (7) Net investment gain (loss) from pooled separate accounts ...... 2b(7) -123456789012345 (8) Net investment gain (loss) from master trust investment accounts ...... 2b(8) -123456789012345 (9) Net investment gain (loss) from 103-12 investment entities ...... 2b(9) -123456789012345635974 (10) Net investment gain (loss) from registered investment 2b(10) -704625 companies (e.g., mutual funds)...... -123456789012345 624987 c Other income ...... 2c -123456789012345 342318171 d Total income. Add all income amounts in column (b) and enter total ...... 2d -123456789012345 Expenses e Benefit payment and payments to provide benefits: (1) Directly to participants or beneficiaries, including direct rollovers ...... 2e(1) -123456789012345190643376 (2) To insurance carriers for the provision of benefits ...... 2e(2) -123456789012345 (3) Other ...... 2e(3) -123456789012345 (4) Total benefit payments. Add lines 2e(1) through (3)...... 2e(4) -123456789012345190643376 f Corrective distributions (see instructions) ...... 2f -123456789012345 g Certain deemed distributions of participant loans (see instructions) ...... 2g -123456789012345 h Interest expense ...... 2h -123456789012345 1803625 i Administrative expenses: (1) Professional fees ...... 2i(1) -123456789012345 (2) Contract administrator fees ...... 2i(2) -123456789012345 (3) Investment advisory and management fees ...... 2i(3) -1234567890123457408584 4516358 (4) Other ...... 2i(4) -123456789012345 13728567 (5) Total administrative expenses. Add lines 2i(1) through (4)...... 2i(5) -123456789012345 204371943 j Total expenses. Add all expense amounts in column (b) and enter total ...... 2j -123456789012345 Net Income and Reconciliation 137946228 k Net income (loss). Subtract line 2j from line 2d...... 2k -123456789012345 l Transfers of assets: (1) To this plan ...... 2l(1) -123456789012345 (2) From this plan ...... 2l(2) -123456789012345

Part III Accountant’s Opinion 3 Complete lines 3a through 3c if the opinion of an independent qualified public accountant is attached to this Form 5500. Complete line 3d if an opinion is not attached. a The attached opinion of an independent qualified public accountant for this plan is (see instructions): (1) X Unqualified (2) X Qualified (3) X Disclaimer (4) X Adverse b Did the accountant perform a limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)? X Yes X No c Enter the name and EIN of the accountant (or accounting firm) below: (1) Name: SCHULTHEISABCDEFGHI & PANETTIERI,ABCDEFGHI LLP ABCDEFGHI ABCD (2) EIN: 13-1577780123456789 d The opinion of an independent qualified public accountant is not attached because: (1) X This form is filed for a CCT, PSA, or MTIA. (2) X It will be attached to the next Form 5500 pursuant to 29 CFR 2520.104-50. Part IV Compliance Questions 4 CCTs and PSAs do not complete Part IV. MTIAs, 103-12 IEs, and GIAs do not complete lines 4a, 4e, 4f, 4g, 4h, 4k, 4m, 4n, or 5. 103-12 IEs also do not complete lines 4j and 4l. MTIAs also do not complete line 4l. During the plan year: Yes No Amount a Was there a failure to transmit to the plan any participant contributions within the time period described in 29 CFR 2510.3-102? Continue to answer “Yes” for any prior year failures X until fully corrected. (See instructions and DOL’s Voluntary Fiduciary Correction Program.) ..... 4a -123456789012345 Were any loans by the plan or fixed income obligations due the plan in default as of the b close of the plan year or classified during the year as uncollectible? Disregard participant loans secured by participant’s account balance. (Attach Schedule G (Form 5500) Part I if “Yes” is X checked.) ...... 4b -123456789012345 Schedule H (Form 5500) 2014 Page 4- 1 X

Yes No Amount c Were any leases to which the plan was a party in default or classified during the year as X uncollectible? (Attach Schedule G (Form 5500) Part II if “Yes” is checked.) ...... 4c -123456789012345 d Were there any nonexempt transactions with any party-in-interest? (Do not include transactions reported on line 4a. Attach Schedule G (Form 5500) Part III if “Yes” is X checked.) ...... 4d -123456789012345 X e Was this plan covered by a fidelity bond? ...... 4e -12345678901234510000000 f Did the plan have a loss, whether or not reimbursed by the plan’s fidelity bond, that was caused X by fraud or dishonesty? ...... 4f -123456789012345 g Did the plan hold any assets whose current value was neither readily determinable on an X established market nor set by an independent third party appraiser? ...... 4g -1234567890123451181805205 h Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? ...... X 4h -123456789012345 i Did the plan have assets held for investment? (Attach schedule(s) of assets if “Yes” is checked, and see instructions for format requirements.) ...... 4i X j Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? (Attach schedule of transactions if “Yes” is checked, and see instructions for format requirements.) ...... 4j X k Were all the plan assets either distributed to participants or beneficiaries, transferred to another X plan, or brought under the control of the PBGC? ...... 4k l Has the plan failed to provide any benefit when due under the plan? ...... 4l X -123456789012345 m If this is an individual account plan, was there a blackout period? (See instructions and 29 CFR 2520.101-3.) ...... 4m X n If 4m was answered “Yes,” check the “Yes” box if you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3...... 4n 5a Has a resolution to terminate the plan been adopted during the plan year or any prior plan year? If “Yes,” enter the amount of any plan assets that reverted to the employer this year...... X Yes X No Amount:-123

5b If, during this plan year, any assets or liabilities were transferred from this plan to another plan(s), identify the plan(s) to which assets or liabilities were transferred. (See instructions.)

5b(1) Name of plan(s) 5b(2) EIN(s) 5b(3) PN(s) ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 123456789 123 ABCDEFGHI ABCDEFGHIABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 123456789 123 ABCDEFGHIABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 123456789 123 ABCDEFGHIABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 123456789 123 ABCDEFGHIABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 5c If the plan is a defined benefit plan, is it covered under the PBGC insurance program (see ERISA section 4021)? ..... X Yes X No X Not determined Part V Trust Information (optional) 6a Name of trust ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 6b Trust’s EIN ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI

OMB No. 1210-0110 SCHEDULE R Retirement Plan Information (Form 5500) 2014 This schedule is required to be filed under section 104 and 4065 of the Department of the Treasury Internal Revenue Service Employee Retirement Income Security Act of 1974 (ERISA) and section 6058(a) of the Internal Revenue Code (the Code). This Form is Open to Public Department of Labor Employee Benefits Security Administration Inspection.  File as an attachment to Form 5500. Pension Benefit Guaranty Corporation For calendar plan year 2014 or fiscal plan year beginning 07/01/2014 and ending 06/30/2015 A Name of plan B Three-digit NEW YORK DISTRICT COUNCIL OF CARPENTERS PENSION PL ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI plan number  001 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI (PN) 001 ABCDEFGHI ABCDEFGHI C Plan sponsor’s name as shown on line 2a of Form 5500 D Employer Identification Number (EIN) BOARD OF TRUSTEES OF NYCDCC PENSION FUND 51-0174276 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 012345678 ABCDEFGHI Part I Distributions All references to distributions relate only to payments of benefits during the plan year. 1 Total value of distributions paid in property other than in cash or the forms of property specified in the 0 instructions ...... 1 -123456789012345 2 Enter the EIN(s) of payor(s) who paid benefits on behalf of the plan to participants or beneficiaries during the year (if more than two, enter EINs of the two payors who paid the greatest dollar amounts of benefits): EIN(s): ______

Profit-sharing plans, ESOPs, and stock bonus plans, skip line 3. 3 Number of participants (living or deceased) whose benefits were distributed in a single sum, during the plan 0 year...... 3 12345678 Part II Funding Information (If the plan is not subject to the minimum funding requirements of section of 412 of the Internal Revenue Code or ERISA section 302, skip this Part) 4 Is the plan administrator making an election under Code section 412(d)(2) or ERISA section 302(d)(2)? ...... X Yes X No X N/A If the plan is a defined benefit plan, go to line 8. 5 If a waiver of the minimum funding standard for a prior year is being amortized in this plan year, see instructions and enter the date of the ruling letter granting the waiver. Date: Month ______Day ______Year ______If you completed line 5, complete lines 3, 9, and 10 of Schedule MB and do not complete the remainder of this schedule. 6 a Enter the minimum required contribution for this plan year (include any prior year accumulated funding 6a deficiency not waived) ...... -123456789012345 b Enter the amount contributed by the employer to the plan for this plan year ...... 6b - 123456789012345 c Subtract the amount in line 6b from the amount in line 6a. Enter the result (enter a minus sign to the left of a negative amount) ...... 6c -123456789012345 If you completed line 6c, skip lines 8 and 9. Will the minimum funding amount reported on line 6c be met by the funding deadline?...... 7 Yes No N/A X X X

8 If a change in actuarial cost method was made for this plan year pursuant to a revenue procedure or other authority providing automatic approval for the change or a class ruling letter, does the plan sponsor or plan X administrator agree with the change? ...... X Yes X No X N/A

Part III Amendments 9 If this is a defined benefit pension plan, were any amendments adopted during this plan year that increased or decreased the value of benefits? If yes, check the appropriate box. If no, check the “No” box...... X Increase X Decrease X Both X No Part IV ESOPs (see instructions). If this is not a plan described under Section 409(a) or 4975(e)(7) of the Internal Revenue Code, skip this Part. 10 Were unallocated employer securities or proceeds from the sale of unallocated securities used to repay any exempt loan? ...... X Yes X No 11 a Does the ESOP hold any preferred stock? ...... X Yes X No If the ESOP has an outstanding exempt loan with the employer as lender, is such loan part of a “back-to-back” loan? b Yes No (See instructions for definition of “back-to-back” loan.) ...... X X 12 Does the ESOP hold any stock that is not readily tradable on an established securities market? ...... X Yes X No For Paperwork Reduction Act Notice and OMB Control Numbers, see the instructions for Form 5500. Schedule R (Form 5500) 2014 v. 140124 Schedule R (Form 5500) 2014 Page 2 - 11 x

Part V Additional Information for Multiemployer Defined Benefit Pension Plans 13 Enter the following information for each employer that contributed more than 5% of total contributions to the plan during the plan year (measured in dollars). See instructions. Complete as many entries as needed to report all applicable employers. a Name of contributing employer b EIN c Dollar amount contributed by employer d Date collective bargaining agreement expires (If employer contributes under more than one collective bargaining agreement, check box X and see instructions regarding required attachment. Otherwise, enter the applicable date.) Month ______Day ______Year ______e Contribution rate information (If more than one rate applies, check this box X and see instructions regarding required attachment. Otherwise, complete lines 13e(1) and 13e(2).) (1) Contribution rate (in dollars and cents) ______(2) Base unit measure: X Hourly X Weekly X Unit of production X Other (specify):

a Name of contributing employer b EIN c Dollar amount contributed by employer d Date collective bargaining agreement expires (If employer contributes under more than one collective bargaining agreement, check box X and see instructions regarding required attachment. Otherwise, enter the applicable date.) Month ______Day ______Year ______e Contribution rate information (If more than one rate applies, check this box X and see instructions regarding required attachment. Otherwise, complete lines 13e(1) and 13e(2).) (1) Contribution rate (in dollars and cents) ______(2) Base unit measure: X Hourly X Weekly X Unit of production X Other (specify): ______

Schedule R (Form 5500) 2014 Page 3

14 Enter the number of participants on whose behalf no contributions were made by an employer as an employer of the participant for: a The current year ...... 14a 123456789012345 b The plan year immediately preceding the current plan year ...... 14b 123456789012345 c The second preceding plan year ...... 14c 123456789012345 15 Enter the ratio of the number of participants under the plan on whose behalf no employer had an obligation to make an employer contribution during the current plan year to: a The corresponding number for the plan year immediately preceding the current plan year ...... 15a 123456789012345 b The corresponding number for the second preceding plan year ...... 15b 123456789012345 16 Information with respect to any employers who withdrew from the plan during the preceding plan year: a Enter the number of employers who withdrew during the preceding plan year ...... 16a 123456789012345 b If line 16a is greater than 0, enter the aggregate amount of withdrawal liability assessed or estimated to be 16b assessed against such withdrawn employers ...... 123456789012345 17 If assets and liabilities from another plan have been transferred to or merged with this plan during the plan year, check box and see instructions regarding supplemental information to be included as an attachment...... X

Part VI Additional Information for Single-Employer and Multiemployer Defined Benefit Pension Plans 18 If any liabilities to participants or their beneficiaries under the plan as of the end of the plan year consist (in whole or in part) of liabilities to such participants and beneficiaries under two or more pension plans as of immediately before such plan year, check box and see instructions regarding supplemental information to be included as an attachment ...... X 19 If the total number of participants is 1,000 or more, complete lines (a) through (c) a Enter the percentage of plan assets held as: Stock: _____48% Investment-Grade Debt: _____13% High-Yield Debt: _____7 % Real Estate: _____19% Other: _____13% b Provide the average duration of the combined investment-grade and high-yield debt: X 0-3 years X 3-6 years X 6-9 years X 9-12 years X 12-15 years X 15-18 years X 18-21 years X 21 years or more c What duration measure was used to calculate line 19(b)? X Effective duration X Macaulay duration X Modified duration X Other (specify):

S&P Schultheis & Panettieri LLP Accountants and Consultants

Please Reply to: 210 Marcus Boulevard Independent Auditors' Report Hauppauge, NY 11788-3740 Telephone: (631) 273-4778 Fax: (631) 273-3488

21 Vernon Street Floral Park, NY 11001 Board of Trustees Telephone: (516) 216-5695 New York City District Council of Carpenters Pension Fund 39 Broadway, Ste. 2250 New York, NY 10006-3061 Telephone: (212) 422-4045 Report on the Financial Statements http://www.snpcpa.com We have audited the accompanying financial statements of the New York City District Council of Carpenters Pension Fund (the "Plan") which comprise the PARTNERS statements of net assets available for benefits as of June 30, 2015 and 2014, and Carol Westfall, CPA the related statements of changes in net assets available for benefits for the years Vincent F. Panettieri, CPA then ended, and the related notes to the financial statements. Max Capone, CPA James M. Heinzman, CPA Management's Responsibility for the Financial Statements Donna Panettieri, CPA Peter M. Murray, CPA Management is responsible for the preparation and fair presentation of these Sharon M. Haddad, CPA financial statements in accordance with accounting principles generally accepted in Gary Waldren, CPA the United States of America; this includes the design, implementation, and Alexander Campo, CPA.CITP maintenance of internal control relevant to the preparation and fair presentation of Jennifer Evans, CPA financial statements that are free from material misstatement, whether due to fraud Richard B. Silvestro, CPA or error. DIRECTORS Auditor's Responsibility Stephen Bowen Anthony Sgroi Our responsibility is to express an opinion on these financial statements based on William R. Shannon our audits. We conducted our audits in accordance with auditing standards William Austin generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit involves performing procedures to obtain evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

1 Opinion In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of June 30, 2015, and its changes therein for the year then ended and its financial status as of June 30, 2014, and its changes therein for the year then ended in accordance with accounting principles generally accepted in the United States of America. Report on Supplemental information Our audits were conducted for the purpose of forming an opinion on the financial statements as a whole. The supplementary information on pages 25 through 88 is presented for purposes of additional analysis and is not a required part of the financial statements. The supplementary information on pages 25 through 86 is required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated in all material respects in relation to the combined financial statements as a whole.

Hauppauge, New York February 15, 2016

2 SCHEDULE MB Multiemployer Def¡ned Benefit Plan and Certain OMB No. 1210-01'10 (Form 5500) Money Purchase Plan Actuarial lnformat¡on 2014 Department of the Treâsury lntemal Re\€nue Service This schedule is required to be filed under section 104 of the Employee Deparlment of Labor Retirement lncome Security Act of 1974 (ERISA) and section 6059 of the This Form is Open to Public EmDlovee Benef¡ts Adm¡nistration lnternal Revenue Code (the Code). lnspection Penslon Beneñt Guaranty Corporat¡on ) File as an attachment to Form 5500 or 5500-SF. For calendar 2014 orfiscal 07 01 201,4 and 06 JTJ 20r5 ) Round off amounts to nearest dollar ) Caution: A of $1,000 will be assessed for late filing of this report unless reasonable cause is established. A Name of plan B Threedigit NEW YORK CTTY DTSTRTCT COUNCTT, OF CARPENTERS PENSTON FUND plan number (PN) ) 0 01_

G Plan sponsor's name as shown on line2a ofForm 5500 or 5500-SF D Employer ldentification Number (ElN)

BOARD OF TRUSTEES OF NYCDCC PENSTON FÜND 51,-01,7 427 6 E Type of plan: (t¡ [ H4ultiemployer Defined Benefit (Z) [ Money Purchase (see instructions) 1a Enter the valuation date: Month 0 7 Day 01- Year 2OL4 b Assets (1) Cunent value of assels... 1bfi) 27'1 67 85969 (2) Actuarial value of assets for funding standard account...... lb?l 27'7 40L47 99 G (l) Accrued liability for plan using immediate gain methods rc(1) 31I2020aI9 (2) lnformation for plans using spread gain methods: (a) Unfunded liability for methods with bases...... 1c(2)(a) (b) Accrued liability under entry age normal method...... rc(2)(b) (c) Normal cost under entry age normal method rc(2)(c) ,| (3) Accrued liability under unit credit cost method 3IT2O2OLI9 d lnformation on current liabilities of the plan:

(1) Amount excluded from current liability attributable to pre-participation service (see instructions) ...... 1 (2)'RPA'94" information:

(a) Current 1iabi1ity...... 1 5195188380 (b) Expected increase in current liability due to benefits accruing during the plan year 1d(2Xb) 204883439 (c) Expected release from 'RPA '94" current liability for the plan year...... rd(2Xc) t-945371_81_

disbursements for the an 1 d(3) 201287L81. Statement by Enrolled Actuary

combinat¡on, offer my best estimâte of anl¡cipated experience under the plan. SIGN HERE ÏANE GLEAVE þ 03/30/20L6 Signature of actuary Date DIANE GLEAVE, ASA, FCA, M]\AA 1403872

Type or print name of actuary Most recent enrollment number SEGAL CONSULTING 21-2-251--5000

Firm name Telephone number (including area code) ??? Tr¡trS'P ?4TH qTÎ?FlltT NEW YoRK NY f8fl'8ì"-"Jf8li'' lf the actuary has not fully reflected any regulation or ruling promulgated under the slatute in completing this schedule, check the box and see instructions ¡ For Paperuvork Reduction Act Notice and OMB Control Numbers, see the ¡nstruct¡ons for Form 5500 or Form 5500.SF. Schedule MB (Form 5500) 2014 v. 140124 Schedule MB (Form 5500) 2014 Page2-

2 Operational infømation as of beginning of this plan year: a Current value of assets (see instructions) 2a 277 67 85969 b'RpR'94" current liability/participant count breakdown: (l) Number of participants Current (1) For retired participants and beneficiaries receiving payment...... 1,3464 22083"1].7 B5 (21 For terminated vested participants 436L 475228023 (3) For active participants: (a) Non-vested benefits. 332590346 (b) Vested benefits...... 2L78998226 (c) Total active... 1l-14I 25Ll.5885't2 2897 3 5195188380

C lf the percentage resulting from dividing line 2a by line 2b(4), column (2), is less than 700/0, enter such 2c 53 .44 o¡"

3 Contributions made to the plan for the plan year by employe(s) and employees: (a) Date (b) Amount paid by (c) Amount paid by (a) Date (b) Amount paid by (c) Amount paid by emolover(s) emplovees (MM-DD-YYYY) emplove(s) 0l_ 15 201,5 23s148533 0

Totals Þ 3(b) 23s148s331 3(c) 0

4 lnformation on plan status:

â Enter code to indicate plan's status (see ¡nstructions for attachment of supporting evidence of plan's status). lf 4a N

b Funded percentage for monitoring ptan's status (line 1b(2) divided by line 1c(3)) 4b Yo

C ls the plan making the scheduled progress under any applicable funding improvement or rehabilitation plan? ! vu' f] ruo d f tne plan is in critical status, were any adjustable benefits reduced? ...1 v". ! ruo ê lf line d is "Yes," enter the reduction in liability resulting from the reduction in adjustable benefits, measured as of the valuation date. .. 4e

f f the rehabilitation plan projects emergence from critical status, enter the plan year in which it is projected to emerge. lf the rehabil¡tation plan is based on foresta lling possible insolvency, enter the plan year in which insolvency ¡s 4',Í expected and check here...... I 5 Actuarial cost method used as the basis forthis plan year's fund¡ng standard account computations (check all that apply) d nggregate a ! nttained age normal b ! fntry age normal c I nccrued benefit (unit credit) ! h snortratt e ! frozen initial liability f ! tnOiuiOual level premium I ! tnoiuioral aggregate !

Line 2 (c) note - This percentage does not refl-ect long-term assumptions and therefore is not appJ-icable for the Fund. The plan is 89.1? funded for long-term funding purposes as requlred by ERISA Schedule MB (Form 5500) 2014 Page 3 - i ! Reorganization Other (specify):

k f box h is checked, enter period of use of shortfall method ...... I Has a change been made in funding method for this plan year? Yes No llì lf line I is "Yes," was the change made pursuant to Revenue Procedure 2000-40 or other automatic approval? .f] v". f] No n lf line I is "Yes," and line m is "No," enter the date (MM-DD-YYYY) of the ruling letter (individual or class) approvinq the chanqe in fundinq method 6 Checklist of certain actuarial assumptions: a lnterest rate for "RPA'94" current l¡ability. 6a 3.59o/o Pr+retirement Posl-retirement b Rates specified in insurance or annuity contracts...... Yes No N/A t Yes No N/A c Mortality table code for valuation purposes: (1) Ma|es...... 6c(1) I A (2) Females..... 6c(2) d Valuation liability interest rate ...... 6d 7.50% 7 .Sjo/o

ê Expense 1oadin9...... 6e 6.9 Yo N/A N/A f Salary scale 6f % l! r.rn $ Estimated investment return on actuarial value of assets for year ending on the valuation date...... 6g 7.7% h Estimated investment return on current value of assets for year ending on the valuation date...... 6h 1,3 .9o/o

7 New amortization bases established in the current plan of base (2) lnitial balance Amortization 58326106 4940090 7 490948 6251,33 83596983 BB0974l_ -55586359 -5857884

8 Miscellaneous information:

â lf a waiver of a funding deficiency has been approved for this plan year, enter the date (MM-DD-YYYY) of the letter the b ls the plan required to provide a Schedule of Active Participant Data? (See the instructions.) lf "Yes," attach schedule. Yes No Are any of the plan's amortization bases operating under an extension of t¡me under section 412(e) (as in effect prior to c v"' r.ro 2008) or section 431 (d) of the Code? ! fi d lf line c is "Yes," prov¡de the follow¡ng additional information: No (l) Was an extension granted automat¡c approval under section 431(dX1) of the Code?.... Yes (2) lf line 8d(1) is "Yes," enter the number of years by which the amortization period was elitended (3) Was an extension approved by the lnternal Revenue Service under section 412(e) (as in effect prior to 2008) or 431(dX2) of the Code? Iv".!ruo (4) "Yes," years by which amortization period was extended (not including lf line Bd(3) is enter number of the 8d(4) the number of years in line (2))......

(5) lf line 8d(3) is "Yes," enterthe date of the ruling letter approving the extension... 8d(s) (6) lf line Bd(3) is "Yes," is the amortization base eligible for amortization using interest rates applicable under section 6621(b) of the Code for years beginning alfler 2007? Iv"'[ruo ê lf box 5h is checked or line 8c is "Yes," enter the difference between the min¡mum required conhibution for the year and the minimum that would have been required without using the shortfall method or extending the 8e amortization 9 Funding standard account statement for this plan year: Charges to funding standard account: â Prior year funding deficiency, if any...... 9a 0 b Employer's normal cost for plan year as of valuation date...... 9b 100570408 Schedule MB (Form 5500) 2014 4

Outstanding balance C Amortization charges as of valuation date: (1) All bases except funding waivers and certain bases for which the ec(1) amortization period has been extended 1,2937 9025E 188L65519

(2) Funding waivers...... ec(2) c 0 (3) Certain bases for which the amortization period has been extended...... 9c(3) ( 0

d lnterest as applicable on l¡nes 9a, 9b, and 9c...... 9d 21655195 ê Total charges. Add lines 9a through 9d...... 9e 3ao391,1,22 Gredits to funding standard account: f Prior year credit balance, if any...... 9f 585039258

g Employer contributions. Total from column (b) of line 3 9g 235148533 Outstanding balance

h Amortization credits as of valuation date...... th 37 07 4567', 5471,7 604

i lnterest as applicable to end of plan year on lines 9f, 99, and th ... 9i 5606499s j Full funding limitation (FFL) and credits: (1) ERISA FFL (accrued liability FFL). ei(1) t_10038611 (2) "RPA'94" override (90% current liability FFL) ei(2) 208340619t (3) FFL credit ei(3) 0 k (1) Waived funding deficiency ek(r) 0 (2) Other cred¡ts... ek(2) 0 I Total credits. Add lines 9f through 9i, 9j(3), 9k(1), and 9k(2)...... 9l 930970390 llì Credit balance: lf line 9l is greater than line 9e, enter the difference.. 9m 62057 9268 l1 Funding deficiency: lf line ge is greater than line gl, enter the difference 9n

9 o Current year's accumulated reconciliation account:

(1) Due to waived funding deficiency accumulated prior to the 2014 planyear eo(1) 0 (21 Due to amortization bases extended and amortized using the interest rate under section 6621(b) of the Code: (a) Reconciliation outstanding balance as of valuation date eo(2)(a) 0 (b) Reconciliation amount (line 9c(3) balance minus line 9o(2Xa))...... eo(2)(b) 0 Total as of valuation date 9o(3) 10 Contribution necessary to avoid an accumulated funding deficiency. (See instructions.) l0

11 Has a change been made in the actuarial assumptions for the current plan year? lf "Yes," see instructions. .. Yes No SECTION 4: Certificate of Actuarial Valuation as of July 1, 2014 for the New York City District Council of Carpenters Pension Fund

EIN 51-0174276/ PN 001

EXHIBIT VII Statement of Actuarial Assumptions/Methods (Schedule MB, line 6)

Mortality Rates: Non-Annuitant: 110% of the RP-2014 Healthy Employee Mortality Table Healthy Annuitant: 110% of the RP-2014 Healthy Annuitant Mortality Table Disabled Annuitant: 85% of the RP-2014 Disabled Retiree Mortality Table These mortality tables were then adjusted to future years using generational projection under 75% of Scale MP-2014 to anticipate future mortality improvement. Termination Rates before Retirement: Rate (%) Withdrawal** Mortality* Disability Years of Service Less than 4 Years Age Male Female 4 years or More 20 0.04 0.02 0.15 14.19 8.75 25 0.05 0.02 0.21 17.14 8.75 30 0.05 0.02 0.28 13.58 4.84 35 0.06 0.03 0.37 11.02 5.02 40 0.07 0.04 0.55 10.35 4.15 45 0.11 0.07 0.90 9.47 3.73 50 0.19 0.12 1.51 8.90 3.49 55 0.31 0.18 2.52 7.82 0.88 60 0.52 0.27 4.07 7.84 0.20 * Mortality rates shown without projection. ** Withdrawal rates do not apply at or beyond early retirement age. The termination and disability rates were based on historical and current demographic data, economic conditions of the industry, estimated future experience and professional judgment. As part of the analysis, a comparison was made between the actual number of and liability change due to terminations and disability retirements by age and the projected number and liability change based on the prior years’ assumption.

ActrlAssmptnMthds.pdf Page 1 of 5 59 SECTION 4: Certificate of Actuarial Valuation as of July 1, 2014 for the New York City District Council of Carpenters Pension Fund

EIN 51-0174276/ PN 001 Retirement Rates for Active Participants: Age Retirement Rates 55 25% 56-60 14% 61 15% 62 30% 63-65 25% 66 30% 67 - 70 25% 71 & older 100% Description of Weighted Average Retirement Age: Age 60, determined as follows: The weighted average retirement age for each participant is calculated as the sum of the product of each potential current or future retirement age times the probability of surviving from current age to that age and then retiring at that age, assuming no other decrements. The overall weighted retirement age is the average of the individual retirement ages based on all the active participants included in the July 1, 2014 actuarial valuation.

Retirement Rates for Inactive Participants: Age Retirement Rates 55 40% 56 30% 58 20% 59-61 15% 62-64 25% 65 and over 100%

The retirement rates for active and inactive participants were based on historical and current demographic data, economic conditions of the industry, estimated future experience and professional judgment. As part of the analysis, a comparison was made between the actual number of and liability change due to retirements by age and the projected number and liability change based on the prior years’ assumption.

ActrlAssmptnMthds.pdf Page 2 of 5 60 SECTION 4: Certificate of Actuarial Valuation as of July 1, 2014 for the New York City District Council of Carpenters Pension Fund

EIN 51-0174276/ PN 001

Future Benefit Accruals: Based on 1,500 hours worked per year. Future employment is assumed to be with the same employer and at the contribution rates negotiated by that employer. The assumption for future benefit accruals was based on historical and current demographic data, advice from the Trustees and estimated future experience and professional judgment. As part of the analysis, a comparison was made between the assumed and the actual benefit accruals. Unknown Data for Participants: Same as those exhibited by participants with similar known characteristics. If not specified, participants are assumed to be male. Definition of Active Participants: A participant who worked at least 300 hours during the year and has earned at least one vesting credit at the end of the Plan year, excluding those who have retired as of the valuation date. Exclusion of Inactive Vesteds: Inactive participants age 70 or older are excluded from the valuation. The exclusion of inactive participants age 70 and older was based on historical and current demographic data, estimated future experience and professional judgment. As part of the analysis, the ages of new retirees from inactive vested status were reviewed. Percent Married: It is assumed that 80% of active and inactive vested participants are married. Age of Spouse: Females are three years younger than males. Benefit Election: It is assumed that 35% of participants will elect the 50% joint and survivor option with pop-up; 30% will elect the 75% joint and survivor option (with pop-up); and 35% will elect the life annuity option. For future disability pensions, it is assumed that 65% will elect the 50% joint and survivor option with pop-up and 35% will elect the life annuity option. The benefit election assumption was based on historical and current demographic data, estimated future experience and professional judgment. As part of the analysis, a comparison was made between the assumed and the actual option election patterns. Net Investment Return: 7.50% The net investment return assumption is a long-term estimate derived from historical data, current and recent market expectations, and professional judgment. As part of the analysis, a building block approach was used that reflects inflation expectations and anticipated risk premiums for each of the portfolio’s asset classes as provided by Segal Rogercasey, as well as the Plan’s target asset allocation.

ActrlAssmptnMthds.pdf Page 3 of 5 61 SECTION 4: Certificate of Actuarial Valuation as of July 1, 2014 for the New York City District Council of Carpenters Pension Fund

EIN 51-0174276/ PN 001 Administrative Expenses: $6,750,000, payable monthly, for the year beginning July 1, 2014 (equivalent to $6,492,095 payable at the beginning of the year) The annual administrative expenses were based on historical and current data, estimated future experience and professional judgment. Actuarial Value of Assets: The market value of assets less unrecognized returns in each of the last three years. Unrecognized return is equal to the difference between the actual market return and the expected market return, and is recognized over a three-year period (10-year period for investment losses in plan years ended June 30, 2009 and 2010). The actuarial value is further adjusted, if necessary, to be within 20% of the market value.

Actuarial Cost Method: Unit Credit Actuarial Cost Method. Normal Cost and Actuarial Accrued Liability are calculated on an individual basis and are allocated by service.

Elections under the Pension Relief Act of 2010: Extended Amortization of Net Investment Losses (IRC Section 431(b)(8)(A)) The market value investment losses for the Plan Years ended June 30, 2009 and June 30, 2010 continue to be amortized over an extended period, based on the prospective method as defined in IRS Notice 2010-83.

Benefits Valued Unless otherwise indicated, includes all benefits summarized in Exhibit VIII.

Current Liability Assumptions: Interest 3.59%, within permissible range prescribed under IRC Section 431(c)(6)(E) Mortality Mortality prescribed under IRS Regulation 1.431(c)(6)-1 and 1.430(h)(3)-1: RP-2000 tables projected forward to the valuation year plus seven years for annuitants and 15 years for nonannuitants

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EIN 51-0174276/ PN 001 Justification for Changes in Actuarial Assumptions (Schedule MB, line 11): For purposes of determining current liability, the current liability interest rate was changed due to a change in the permissible range and recognizing that any rate within the permissible range satisfies the requirements of IRC Sections 431(c)(6)(E) and the mortality tables were changed in accordance with IRS Regulations 1.431(c)(6)-1 and 1.430(h)(3)-1. Based on past experience and future expectations, the following assumption change has been made:  Mortality for healthy annuitants, previously the RP-2000 Combined Health Mortality Table Projected to 2020 with Scale AA.  Mortality for non-annuitants, previously the RP-2000 Combined Healthy Mortality Table Projected to 2020 with Scale AA.  Mortality for disabled lives, previously 70% of the RP-2000 Disabled Retiree Mortality Table Projected to 2020 with Scale AA.  Retirement rates for active participants for certain ages, previously 12.5% for ages 56-60.  Retirement rates for inactive vested participants, previously age 58 with 15 vesting credits or 65 with 5 vesting credits.  Administrative expenses, previously $6,400,000. Estimated Rate of Investment Return: On actuarial value of assets (Schedule MB, line 6g): 7.68%, for the Plan Year ending June 30, 2014 On current (market) value of assets (Schedule MB, line 6h): 13.89%, for the Plan Year ending June 30, 2014

Funding Standard Account Contribution Timing (Schedule MB, line 3(a)): Unless otherwise noted, contributions are paid periodically throughout the year pursuant to collective bargaining agreements. The interest credited in the Funding Standard Account is therefore assumed to be equivalent to a January 15 contribution date.

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EIN 51-0174276/ PN 001

EXHIBIT VIII Summary of Plan Provisions (Schedule MB, line 6)

This exhibit summarizes the major provisions of the Plan included in the valuation. It is not intended to be, nor should it be interpreted as, a complete statement of all plan provisions.

Plan Year: July 1 through June 30 Pension Credit Year: January 1 through December 31 Plan Status: Ongoing Plan

Regular Pension: Age and Service Requirement 65 with at least 5 years of participation, or 55 with at least 15 vesting credits. Amount The sum of (a), (b) and (c), subject to a minimum benefit described in (d) (a) The product of the participant’s benefit credits earned prior to January 1, 1999 (with a maximum of 40 benefit credits), and the applicable benefit rate for the participant’s employment category. (b) From January 1, 1999 through June 30, 2006, 1.35% of employer contributions made for the participant for each calendar year in which the participant works at least 300 hours. (c) After July 1, 2006, 1.00% of employer contributions for the participant for each calendar year in which the participant works at least 300 hours. (d) The monthly benefit cannot be less than $500 multiplied by the ratio (not exceeding one) of vesting credits earned prior to January 1, 1999 to 10 (15 for Shop, Industrial Shop or Specialty II Employment).

PlanProvisions.pdf Page 1 of 4 64 SECTION 4: Certificate of Actuarial Valuation as of July 1, 2014 for the New York City District Council of Carpenters Pension Fund

EIN 51-0174276/ PN 001 Disability: Age Requirement None Service Requirement 5 vesting credits Amount Regular pension accrued Deferred Vested: Age Requirement None Service Requirement 5 vesting credits Amount Regular pension accrued based on plan and benefit rates in effect when last active

Pro Rata: Eligibility Requirement (a) Combined vesting credits (i.e., vesting credits under this plan plus related vesting credits under the Related Plan) satisfy the service requirements of the preceding pension types and; (b) has at least one vesting credit under this Plan since January 1, 1955 and; (c) at least two Plans will pay the Pro-rata pension and; (d) for disability pensions, meet disability eligibility requirements under each Related Plan.

Amount Regular pension accrued determined based on credits earned on this Plan only. Spouse’s Pre-Retirement Death Benefit: Eligibility Requirement Vested status Amount 50% of the benefit employee would have received had he or she retired the day before he or she died and elected the participant and spouse option. If the employee died prior to eligibility for a regular retirement pension, the spouse’s benefit is deferred to the date employee would have been first eligible for a pension benefit. If the participant died catastrophically while on he job, this death benefit is payable immediately. Charge for Coverage None

PlanProvisions.pdf Page 2 of 4 65 SECTION 4: Certificate of Actuarial Valuation as of July 1, 2014 for the New York City District Council of Carpenters Pension Fund

EIN 51-0174276/ PN 001 Pre-Retirement Lump-sum Death Benefit (if not eligible for spouse’s benefit): Eligibility Requirement Vested status, or 4 vesting credits when active at time of death Amount

Vesting Credit Death Benefit Amount Less than 15 $ 3,000 15-19 4,500 20-24 6,000 25 or more 10,000 Post-Retirement Death Benefits: Participant and Spouse If married, pension benefits are paid in the form of a participant and spouse annuity unless this form is rejected by the participant and spouse. If not rejected, the benefit amount otherwise payable is reduced to reflect the participant and spouse coverage. If not rejected, and the spouse predeceases the employee, the employee’s benefit amount will subsequently be increased to the unreduced amount payable had the participant and spouse coverage been rejected. If rejected, or if not married, benefits are payable for the life of the employee without reduction, or in any other available optional form elected by the employee in an actuarially equivalent amount. 36-month extended benefit If married and rejected the participant and spouse coverage, the surviving spouse shall receive 36 additional monthly pension payments if that surviving spouse would have qualified for the payment of the participant and spouse pension when the participant first retired had the participant and his or her surviving spouse not rejected it. The monthly guaranteed amount shall be determined without regard to any benefits accrued on or after January 1, 1999.

Optional Forms of Payment: Single Life Annuity 50% Participant-and-Spouse with “pop-up” 75% Participant-and-Spouse with “pop-up” Social Security Level Income Option 50% Participant-and-Spouse with Social Security Level Income Option with “pop-up” 75% Participant-and-Spouse with Social Security Level Income Option with “pop-up”

PlanProvisions.pdf Page 3 of 4 66 SECTION 4: Certificate of Actuarial Valuation as of July 1, 2014 for the New York City District Council of Carpenters Pension Fund

EIN 51-0174276/ PN 001 Participation: Earliest of January 1 or July 1 following completion of 870 hours of service of Covered Employment provided that such 870 hours are completed within a two consecutive calendar year period.

Vesting Credit: Hours Vesting Credit

Less than 300 0.00 300 - 599 0.25 600 - 869 0.50 870 or more 1.00

Contribution Rate: Effective July 1, 2013, the contribution rates vary from $1.50 to $14.31 per hour. In addition, effective July 1, 2003, there is a $1.00 per hour supplemental contribution rate. Additional contributions received due to this supplemental rate are not used for benefit accrual purposes. The average effective contribution rate for benefit accrual purposes on the valuation date is $10.94 per hour.

Plan Changes Since Prior Valuation: There were no changes in plan provisions reflected in this valuation.

8192347v1/04501.001

PlanProvisions.pdf Page 4 of 4 67 SECTION 4: Certificate of Actuarial Valuation as of July 1, 2014 for the New York City District Council of Carpenters Pension Fund

EIN 51-0174276/ PN 001

EXHIBIT IV (continued) Funding Standard Account

Schedule of Funding Standard Account Bases (Charges) (Schedule MB, line 9c) Amortization Years Outstanding Type of Base Date Established Amount Remaining Balance Initial unfunded liability 07/01/1976 $6,355,939 2 $12,268,440 Plan amendment 07/01/1977 345,429 3 965,668 Plan amendment 07/01/1980 8,496 6 42,872 Plan amendment 07/01/1980 1,630,993 6 8,229,805 Plan amendment 07/01/1985 6,329,382 1 6,329,382 Plan amendment 07/01/1986 6,540,428 2 12,624,548 Assumption change 07/01/1987 1,703,296 3 4,761,674 Plan amendment 07/01/1987 6,746,954 3 18,861,551 Plan amendment 07/01/1988 2,402,812 4 8,651,388 Plan amendment 07/01/1989 10,084,449 5 43,860,561 Plan amendment 07/01/1990 978,032 6 4,935,035 Plan amendment 07/01/1991 51,265 7 291,893 Plan amendment 07/01/1992 22,994 8 144,781 Change in funding method 07/01/1993 1,870,285 9 12,825,109 Plan amendment 07/01/1994 13,062,541 10 96,387,011 Plan amendment 07/01/1995 11,525,664 11 90,638,758 Plan amendment 07/01/1996 9,948,305 12 82,724,372 Plan amendment 07/01/1999 103,526 15 982,375 Assumption change 07/01/1999 301,395 15 2,859,988 Actuarial loss 07/01/2000 2,645,201 1 2,645,201 Plan amendment 07/01/2001 214,479 17 2,175,136 Actuarial loss 07/01/2001 5,824,697 2 11,243,019

SchMbFndgStndAccntBases.pdf Page 1 of 4 52 SECTION 4: Certificate of Actuarial Valuation as of July 1, 2014 for the New York City District Council of Carpenters Pension Fund

EIN 51-0174276/ PN 001

EXHIBIT IV (continued) Funding Standard Account

Schedule of Funding Standard Account Bases (Charges) (Schedule MB, line 9c) Amortization Years Outstanding Type of Base Date Established Amount Remaining Balance Assumption change 07/01/2001 4,634,676 17 47,002,593 Assumption change 07/01/2002 524,749 18 5,475,215 Actuarial loss 07/01/2002 3,573,186 3 9,989,073 Actuarial loss 07/01/2003 9,922,173 4 35,725,041 Assumption change 07/01/2004 1,296,284 20 14,206,078 Actuarial loss 07/01/2004 4,264,688 5 18,548,518 Actuarial loss 07/01/2005 6,829,406 6 34,460,399 Actuarial loss 07/01/2006 3,792,674 7 21,594,906 Assumption change 07/01/2007 6,344,034 23 73,699,849 Actuarial loss 07/01/2009 206,574 10 1,524,284 2009 Investment loss subject to relief 07/01/2009 9,398,150 24 110,961,042 2010 Investment loss subject to relief 07/01/2010 308,418 25 3,695,767 Assumption change 07/01/2010 5,252,152 11 41,303,352 Actuarial loss 07/01/2010 5,916,460 11 46,527,520 2009 Investment loss subject to relief 07/01/2011 5,206,029 24 61,465,964. 2010 Investment loss subject to relief 07/01/2011 545,458 25 6,536,209 Assumption change 07/01/2011 2,347,374 12 19,519,408 2009 Investment loss subject to relief 07/01/2012 5,447,879 24 64,321,409 2010 Investment loss subject to relief 07/01/2012 569,486 25 6,824,130 2009 Investment loss subject to relief 07/01/2013 5,714,734 24 67,472,091 2010 Investment loss subject to relief 07/01/2013 595,942 25 7,141,150 Assumption change 07/01/2013 2,403,467 14 21,933,653

SchMbFndgStndAccntBases.pdf Page 2 of 4 53 SECTION 4: Certificate of Actuarial Valuation as of July 1, 2014 for the New York City District Council of Carpenters Pension Fund

EIN 51-0174276/ PN 001

EXHIBIT IV (continued) Funding Standard Account

Schedule of Funding Standard Account Bases (Charges) (Schedule MB, line 9c) Amortization Years Outstanding Type of Base Date Established Amount Remaining Balance 2009 investment loss subject to relief 07/01/2014 4,940,090 24 58,326,106 2010 Investment loss subject to relief 07/01/2014 625,133 25 7,490,948 Assumption change 07/01/2014 8,809,741 15 83,596,983

Total $188,165,519 $1,293,790,255

SchMbFndgStndAccntBases.pdf Page 3 of 4 54 SECTION 4: Certificate of Actuarial Valuation as of July 1, 2014 for the New York City District Council of Carpenters Pension Fund

EIN 51-0174276/ PN 001

EXHIBIT IV (continued) Funding Standard Account

Schedule of Funding Standard Account Bases (Credits) (Schedule MB, line 9h) Amortization Years Outstanding Type of Base Date Established Amount Remaining Balance Assumption change 07/01/1985 $1,680,024 1 $1,680,024 Change in funding method 07/01/1991 7,632,040 7 43,455,663 Change in asset valuation method 07/01/1992 249,246 8 1,569,400 Assumption change 07/01/1995 2,685,766 11 21,121,080 Assumption change 07/01/1996 691,903 12 5,753,471 Plan amendment 07/01/1998 824,753 14 7,526,568 Change in asset valuation method 07/01/2006 9,940,132 2 19,186,766 Actuarial gain 07/01/2007 4,058,541 8 25,555,012 Actuarial gain 07/01/2008 1,510,418 9 10,357,398 Change in asset valuation method 07/01/2009 940,494 25 11,269,907 2009 Investment gain subject to relief 07/01/2010 1,662,125 24 19,624,199 Actuarial gain 07/01/2011 7,556,500 12 62,835,503 Actuarial gain 07/01/2012 2,079,244 13 18,162,778 Actuarial gain 07/01/2013 7,348,534 14 67,061,549 Actuarial gain 07/01/2014 5,857,884 15 55,586,359

Total $54,717,604 $370,745,677

SchMbFndgStndAccntBases.pdf Page 4 of 4 55 SECTION 4: Certificate of Actuarial Valuation as of July 1, 2014 for the New York City District Council of Carpenters Pension Fund

SchMBJustificationChgActrlAssmptn.pdf Page 1 of 1 63 SECTION 4: Certificate of Actuarial Valuation as of July 1, 2014 for the New York City District Council of Carpenters Pension Fund

EIN 51-0174276/ PN 001

EXHIBIT III Schedule of Active Participant Data (Schedule MB, line 8b)

The participant data is for the year ended June 30, 2014.

Vesting Credits Age Total 1-4 5-9 10-14 15 - 19 20 - 24 25 - 29 30 - 34 35 - 39 40 & over Under 25 279 251 28 ------25 - 29 731 439 279 13 ------30 - 34 1,087 429 463 179 16 ------35 - 39 1,396 311 533 355 182 15 ------40 - 44 1,637 292 428 458 316 118 25 ------45 - 49 2,213 269 459 475 472 269 225 44 - - - - 50 - 54 2,223 209 309 386 384 322 383 213 17 - - 55 - 59 1,136 88 168 239 192 140 183 99 26 1 60 - 64 361 28 59 90 56 48 44 24 7 5 65 - 69 77 6 12 21 11 11 8 3 1 4 70 & over 4 1 1 - - 2 ------Unknown 4 4 ------Total 11,148 2,327 2,739 2,216 1,631 923 868 383 51 10

Note: Excludes 791 participants with less than one vesting credit.

ActiveParticipData.pdf Page 1 of 1 50

NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

FINANCIAL STATEMENTS

YEARS ENDED JUNE 30, 2015 AND 2014 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

YEARS ENDED JUNE 30, 2015 AND 2014

TABLE OF CONTENTS

Page

Independent Auditors' Report 1 - 2

Financial Statements

Statements of Net Assets Available for Benefits 3 Statements of Changes in Net Assets Available for Benefits 4 Notes to Financial Statements 5 - 24

Supplementary Information

Schedule of Interest Bearing Cash 25 Schedule of U.S. Government Securities 26 Schedule of Corporate Debt Instruments - Preferred 27 - 29 Schedule of Corporate Debt Instruments - Other 30 - 38 Schedule of Corporate Stock - Preferred 39 Schedule of Corporate Stock - Common 40 - 65 Schedule of Partnerships/Joint Venture Interests 66 Schedule of Real Estate 67 Schedule of Non-Participant Loans 68 - 81 Schedule of Common/Collective Trust Funds 82 Schedule of Pooled Separate Accounts 83 Schedule of 103-12 Investment Entities 84 Schedule of Registered Investment Companies 85 Schedule of Other Investments 86 Schedule Reconciling the Statement of Net Assets Available for Benefits to Form 5500 87 Schedules of Administrative Expenses 88 S&P Schultheis & Panettieri LLP Accountants and Consultants

Please Reply to: 210 Marcus Boulevard Independent Auditors' Report Hauppauge, NY 11788-3740 Telephone: (631) 273-4778 Fax: (631) 273-3488

Hauppauge, New York February 15, 2016

2 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

JUNE 30, 2015 AND 2014

2015 2014 Assets Investments at fair value U.S. government securities $ 97,255,501 $ 108,247,588 Corporate debt instruments 174,907,383 148,368,703 Corporate stock 710,475,879 657,069,027 Partnership/joint venture interests 258,277,748 217,379,507 Real estate 361,000,000 356,000,000 Loans (other than participant loans) 138,847,323 198,336,640 Common/collective trust funds 642,986,162 678,144,212 Pooled separate accounts 74,974,679 72,470,008 103-12 investment entities 239,310,008 293,212,947 Registered investment companies 78,832,963 - Total investments 2,776,867,646 2,729,228,632 Receivables Employers' contributions 14,688,000 12,302,000 Accrued interest/dividends 2,504,081 2,503,346 Related organizations 27,743,556 21,505,200 Net trades pending settlement 3,795,901 - Cash 90,661,924 14,264,105 Collateral held under securities lending agreement 142,900,271 203,414,882 Other assets 727,780 677,165

Total assets 3,059,889,159 2,983,895,330

Liabilities Accounts payable 2,256,691 1,905,749 Net trades pending settlement - 1,788,730 Payable under securities lending agreement 142,900,271 203,414,882

Total liabilities 145,156,962 207,109,361

Net assets available for benefits $ 2,914,732,197 $ 2,776,785,969

See Notes to Financial Statements 3 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS

YEARS ENDED JUNE 30, 2015 AND 2014

2015 2014 Additions to net assets attributed to: Investment income Net appreciation in fair value of investments $ 81,219,382 $ 319,387,152 Interest/dividends 25,325,269 25,183,921 Total investment income 106,544,651 344,571,073 Less investment expenses (7,408,584) (7,246,730) Net investment income 99,136,067 337,324,343 Contributions Employers' 235,148,533 211,478,590 Other income 624,987 652,175

Total additions 334,909,587 549,455,108

Deductions from net assets attributed to: Benefits paid directly to participants or beneficiaries 190,643,376 182,949,644 Administrative expenses 6,319,983 6,577,181

Total deductions 196,963,359 189,526,825

Net increase 137,946,228 359,928,283

Net assets available for benefits Beginning of year 2,776,785,969 2,416,857,686 End of year $ 2,914,732,197 $ 2,776,785,969

See Notes to Financial Statements 4 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

NOTES TO FINANCIAL STATEMENTS

YEARS ENDED JUNE 30, 2015 AND 2014

Note 1 - Description of Plan and Significant Accounting Policies

The following description of the New York City District Council of Carpenters Pension Fund (the "Plan") provides only general information. Participants should refer to the plan document for a more complete description of the Plan's provisions.

General The Plan first became effective December 12, 1955 and is a defined benefit pension plan established under an Agreement and Declaration of Trust pursuant to collective bargaining agreements between the District Council of New York City and Vicinity of the United Brotherhood of Carpenters and Joiners of America (the "District Council") and various employers and employer associations in the construction industry in the New York Metropolitan Area. It is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA).

Management has evaluated subsequent events through the date of the auditors' report, the date the financial statements were available to be issued.

Purpose The purpose of the Plan is to provide retirement and death benefits to eligible participants.

Participation A participant is a pensioner, beneficiary or individual on whose behalf contributions are currently required to be made to the Plan by an employer subject to a collective bargaining agreement. Eligibility to participate in the Plan requires 870 hours of service in covered employment within two consecutive calendar years.

Benefits In general, participants with five or more years vesting service are entitled to monthly pension benefits beginning at normal retirement age 65; or age 55 with at least 15 vesting credits. The Plan permits other forms of retirement based on age and years of credited service.

Monthly pension benefits are calculated based on years of service. For service between July 1, 2006 to present, the monthly benefit is based on 1.00% of employer contributions in each year in which there were at least 300 hours of service. For service from January 1, 1999 to June 30, 2006, the monthly benefit is based on 1.35% of employer contributions in each year in which there were at least 300 hours of service. For service before 1999, the monthly benefit is based on benefit credits and pension rates in effect for the year in which the participant's covered employment ends.

Pre-retirement and post-retirement death benefits are also available.

5 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

NOTES TO FINANCIAL STATEMENTS

YEARS ENDED JUNE 30, 2015 AND 2014

Note 1 - Description of Plan and Significant Accounting Policies (cont'd)

Benefits (cont'd) Effective July 1, 2014 and continuing through June 30, 2019, the pension benefit accrual rate for participants employed by employers that are members of the Manufacturing Woodworkers Association of Greater New York (“MWA Employers”) will be reduced as a result of the decrease in the MWA Employers’ Plan contribution rate. Under the terms of the January 11, 2014 memorandum of agreement between the MWA Employers and the District Council, the accrual rate will be reduced by $0.0068 (1% of $0.68) for each hour that their employers are required to contribute to the Plan on their behalf.

Vesting Participants generally become fully vested after five years of vesting service, as defined by the Plan. There is no partial vesting of benefits.

Plan termination The Trustees expect and intend to continue the Plan indefinitely, but reserve the right to amend or terminate it as provided for by the applicable Trust Agreement and Plan provisions. If the Plan is terminated, Plan assets will be allocated to provide benefits to those eligible under the terms of the Plan in the order of priority specified in the Plan and as otherwise required by law. The priority of benefits depends on a participant's status as retired or active, vested or unvested, and age at the time of Plan termination. Certain benefits are insured by the Pension Benefit Guaranty Corporation (PBGC). Whether all participants receive their benefits on Plan termination would depend on the sufficiency of the Plan's net assets to provide those benefits and may also depend on the level and type of benefits guaranteed by the PBGC.

Basis of accounting The financial statements are presented on the accrual basis of accounting.

Valuation of investments The Plan's investments are stated at fair value. See "Fair value measurements" footnote for additional information.

Use of estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from these estimates.

6 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

NOTES TO FINANCIAL STATEMENTS

YEARS ENDED JUNE 30, 2015 AND 2014

Note 1 - Description of Plan and Significant Accounting Policies (cont'd)

Administrative expense allocation The administrative office is occupied by the Plan and various related organizations. Certain expenses not specifically applicable to a particular entity are allocated based on the estimated benefit received by each entity. Amounts reported as receivable from related organizations or payable to related organizations generally include balances for shared expenses.

Reimbursements paid to related organizations for the years ended June 30, 2015 and 2014 were $5,138,153 and $5,862,397, respectively.

Recent Accounting Pronouncements

In May 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2015-07, Disclosures for Investments in Certain Entities that Calculate Net Asset Value Per Share (or its Equivalent), (ASU 2015-07). ASU 2015-07 eliminates the requirement to categorize within the fair value hierarchy investments for which fair values are estimated using the net asset value practical expedient provided by Accounting Standards Codification 820, Fair Value Measurement. Disclosures about investments in certain entities that calculate net asset value per share are limited under ASU 2015-07 to those investments for which the entity has elected to estimate the fair value using the net asset value practical expedient. ASU 2015-07 is effective for entities (other than public business entities) for fiscal years beginning after December 15, 2016, with retrospective application to all periods presented. Early application is permitted. Plan management has elected to adopt ASU 2015-07 early and does not expect the provision of ASU 2015-07 to have a significant impact on the financial statements.

In July 2015, the FASB issued ASU 2015-12, Plan Accounting: Defined Benefit Pension Plans (Topic 960), Defined Contribution Pension Plans (Topic 962), Health and Welfare Benefit Plans (Topic 965): (Part I) Fully Benefit-Responsive Investment Contracts, (Part II) Plan Investment Disclosures, (Part III) Measurement Date Practical Expedient. Part I of the ASU 2015-12 eliminates the requirements to measure the fair value of fully benefit-responsive investment contracts and provide certain disclosures. Contract value is the only required measure for fully benefit-responsive investment contracts. Part II of the ASU 2015-12 eliminates the requirements to disclose individual investments that represent 5 percent or more of net assets available for benefits and the net appreciation or depreciation in fair value of investments by general type. It also simplifies the level of disaggregation of investments that are measured using fair value. Plans will continue to disaggregate investments that are measured using fair value by general type; however, plans are no longer required to also disaggregate investments by nature, characteristics and risks. Further, the disclosure of information about fair value measurements shall be provided by general type of plan asset. Parts I and III of the ASU 2015-12 are not applicable to the Plan. The ASU 2015-12 is effective for fiscal years beginning after December 15, 2015. Part II is to be applied retrospectively. Plan management has elected to adopt Part II early and, accordingly, the presentation of the financial statements and notes herein have been changed to reflect such adoption.

7 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

NOTES TO FINANCIAL STATEMENTS

YEARS ENDED JUNE 30, 2015 AND 2014

Note 2 - Fair value measurements

The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted 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 described as follows:

Level 1 inputs to the valuation methodology are unadjusted quoted prices, in active markets, for identical assets that the Plan has the ability to access.

Level 2 inputs to the valuation methodology include: quoted prices for similar assets in active markets, quoted prices for identical or similar assets in inactive markets, inputs other than quoted prices that are observable for the asset, and inputs that are derived principally from or corroborated by observable market data by correlation or other means. If the asset has a specified (contractual) term, the level 2 input must be observable for substantially the full term of the asset.

Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement. Level 3 inputs are generally based on the best information available which may include the reporting entity's own assumptions and data.

The asset'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 used need to maximize the use of observable inputs and minimize the use of unobservable inputs.

U.S. government securities, corporate debt instruments, corporate stocks and registered investment companies: Valued at the closing price reported in the active market in which the securities are traded.

Investments measured at net asset value: Value estimated by the management of the investment entities.

Real estate: Fair value of the separate account was estimated by the qualified professional asset manager.

The preceding methods 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.

8 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

NOTES TO FINANCIAL STATEMENTS

YEARS ENDED JUNE 30, 2015 AND 2014

Note 2 - Fair value measurements (cont'd)

In accordance with Subtopic 820-10, certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in the tables below are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the statements of net assets available for benefits.

The following table sets forth, by level within the fair value hierarchy, the Plan's investments, as of June 30, 2015, with fair value measurements on a recurring basis:

2015 Level 1 Level 2 Level 3

Investments at fair value as determined by quoted market price U.S. government securities $ 97,255,501 $ 36,571,347 $ 60,684,154 $ - Corporate debt instruments 174,907,383 - 174,907,383 - Corporate stock 669,244,592 669,244,592 - - Loans (other than participant loans) Government securities 5,818,978 5,818,978 - - Corporate debt instruments 10,959,745 - 10,959,745 - Corporate stock 122,068,600 122,068,600 - - Registered investment companies 78,832,963 78,832,963 - - Investments at estimated fair value Real estate 361,000,000 - - 361,000,000

Total assets in the fair value hierarchy 1,520,087,762 912,536,480 246,551,282 361,000,000

Investments measured at net asset value 1,256,779,884 - - -

Investments at fair value $ 2,776,867,646 $ 912,536,480 $ 246,551,282 $ 361,000,000

9 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

NOTES TO FINANCIAL STATEMENTS

YEARS ENDED JUNE 30, 2015 AND 2014

Note 2 - Fair value measurements (cont'd)

The following table sets forth, by level within the fair value hierarchy, the Plan's investments, as of June 30, 2014, with fair value measurements on a recurring basis:

2014 Level 1 Level 2 Level 3

Investments at fair value as determined by quoted market price U.S. government securities $ 108,247,588 $ 44,617,042 $ 63,630,546 $ - Corporate debt instruments 148,368,703 - 148,368,703 - Corporate stock 615,853,853 615,853,853 - - Loans (other than participant loans) U.S. government securities 15,876,241 15,876,241 - - Corporate debt instruments 10,772,770 - 10,772,770 - Corporate stock 171,687,629 171,687,629 - - Investments at estimated fair value Real estate 356,000,000 - - 356,000,000

Total assets in the fair value hierarchy 1,426,806,784 848,034,765 222,772,019 356,000,000

Investments measured at net asset value 1,302,421,848 - - -

Investments at fair value $ 2,729,228,632 $ 848,034,765 $ 222,772,019 $ 356,000,000

10 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

NOTES TO FINANCIAL STATEMENTS

YEARS ENDED JUNE 30, 2015 AND 2014

Note 2 - Fair value measurements (cont'd)

The following table provides a summary of the changes in fair value on a recurring basis for Level 3 assets for the year ended June 30, 2015:

Description Total Real Estate Opening balance $ 356,000,000 $ 356,000,000 Total investment income included in changes in net assets 14,500,000 14,500,000 Sales (9,500,000) (9,500,000) Closing balance $ 361,000,000 $ 361,000,000

Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets held at the end of the reporting period $ 5,000,000 $ 5,000,000

The following table provides a summary of the changes in fair value on a recurring basis for Level 3 assets for the year ended June 30, 2014:

Description Total Real Estate Opening balance $ 329,000,000 $ 329,000,000 Total investment income included in changes in net assets 37,000,000 37,000,000 Sales (10,000,000) (10,000,000) Closing balance $ 356,000,000 $ 356,000,000

Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets held at the end of the reporting period $ 27,000,000 $ 27,000,000

Total gains or losses attributable to the change in unrealized gains or losses relating to Level 3 assets still held as of June 30, 2015 and 2014 are included in the "Net appreciation (depreciation) in investments" category in the Statement of Changes in Net Assets Available for Benefits.

The following table represents quantitative information about significant unobservable inputs used in the fair value measurements of the directly held or underlying assets of the Plan's significant Level 3 investments as of June 30, 2015:

Principal Range of Fair Valuation Unobservable Significant Weighted Investment Value Technique Inputs Input Values Average

Real estate $ 361,000,000 Income approach Exit cap rate 6.00% N/A Discounted cash flow Discount rate 7.00% N/A Avg Mkt rent growth 3.40% N/A

11 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

NOTES TO FINANCIAL STATEMENTS

YEARS ENDED JUNE 30, 2015 AND 2014

Note 2 - Fair value measurements (cont'd)

Principal Range of Fair Valuation Unobservable Significant Weighted Investment Value Technique Inputs Input Values Average

Real estate $ 356,000,000 Income approach Exit cap rate 6.00% N/A Discounted cash flow Discount rate 7.25% N/A Avg Mkt rent growth 3.70% N/A

Note 3 - Cash

At times throughout the year the Plan may have, on deposit in banks, amounts in excess of FDIC insurance limits. The Plan has not experienced any losses in such accounts and the Trustees believe it is not exposed to any significant credit risks.

Note 4 - Partnerships

The Plan invests in numerous partnerships. Significant investments in partnerships held by the Plan are detailed below.

Grosvenor Institutional Partners, LP (“Grosvenor”) is a Delaware Limited Liability Partnership formed for the purpose of investing in offshore investments funds, investment partnerships and pooled investment vehicles (“Portfolio Funds”) in the hedge fund industry. The Portfolio Funds generally implement “nontraditional” or “alternative” investment strategies. A majority of the Portfolio Funds owned by Grosvenor may transact in short sales and various domestic and international derivative investments, including forward foreign currency contracts, futures, written and purchased options and swaps. Profits and losses are allocated to all investors in proportion to their capital balances. In 2012, a master-feeder arrangement was commenced with Grosvenor Institutional Partners, Ltd ("GIP Feeder Fund"). A portion of the assets have been invested in Grosvenor Institutional Partners Master Fund, Ltd, a Cayman Islands exempted company which has the same investment objectives as the GIP Feeder Fund. Redemptions may be made at the end of any calendar quarter upon 70 days notice. The payment of withdrawal proceeds is subject to the underlying provisions of the Portfolio Funds in addition to audit contingency and other customary reserves. The estimated fair value of the Plan's investment as of June 30, 2015 and 2014 was $126,147,381 and $122,354,636, respectively.

12 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

NOTES TO FINANCIAL STATEMENTS

YEARS ENDED JUNE 30, 2015 AND 2014

Note 4 - Partnerships (cont'd)

Lazard MBS Focus Funds, LLC is a Delaware Limited Liability Company, and is divided into multiple series. The Pension Fund is invested in one series, the Lazard Short Duration Strategy MBS Portfolio (the “portfolio”). The portfolio's investment objective is to provide unitholders exposure to mortgage- related and asset-backed securities as part of an overall short-duration strategy that seeks total return and preservation of capital. The portfolio seeks to achieve its investment objective by investing its assets primarily in mortgage-related and asset-backed fixed income securities within the investment manager's short-duration strategy. The net asset value of the portfolio will generally be determined as of the close of regular trading on the New York Stock Exchange on any date on which contributions or redemptions from the portfolio are effected and any other date determined by the investment manager in its sole discretion. Unitholders will have no ability to dispose of their units unless Lazard Asset Management LLC (the "investment manager") determines, in its sole discretion, to redeem a unitholder from the portfolio. The units are not transferable without the prior written consent of the investment manager, which consent may be withheld in its sole and absolute discretion. The estimated fair value of the Plan's investment as of June 30, 2015 was $29,721,807. The Plan's proportionate share in the Lazard Short Duration Strategy MBS Portfolio as of June 30, 2015 was 43%.

Note 5 - Real estate

The Plan invests in 395 Hudson New York, LLC ("395 Hudson"), a real estate separate account established to maintain its condo interest in a ten story office condominium. The Plan expects 395 Hudson to be operated in a manner that allows it to qualify as a real estate operating company under the Employee Retirement Income Security Act of 1974 (ERISA). 395 Hudson is a disregarded entity for tax purposes as it is wholly owned by the Plan. The land and building included in real estate investments was appraised by a certified real estate appraiser on March 31, 2015 at a market value of $345,000,000. The building is occupied by the Plan and rented to related and unrelated entities. Also included in the estimated fair value at June 30, 2015 and 2014 were cash, other receivables, and appreciation amounting to $16,000,000 and $46,000,000, respectively. The cash and other receivables are maintained by the management company of the building for the benefit of the Plan and utilized for the daily operations of the building. The estimated fair value of the Plan's investment as of June 30, 2015 and 2014, was $361,000,000 and $356,000,000, respectively.

13 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

NOTES TO FINANCIAL STATEMENTS

YEARS ENDED JUNE 30, 2015 AND 2014

Note 6 - Loans (other than participant loans)

The Plan has an agreement with its custodial bank authorizing the bank to lend securities held in the Plan's account to third parties. The bank must obtain collateral from the borrower in the form of cash, letters of credit issued by an entity other than the borrower, or acceptable securities. Both the collateral and the securities loaned are marked-to-market on a daily basis so that all loaned securities are fully collateralized at all times. The collateral held is reported as both an asset and a liability in the financial statements.

Although the Plan's securities lending activities are collateralized as described above, they involve both market and credit risk. In this context, market risk refers to the possibility that the borrowers of securities will be unable to collateralize the loan upon a sudden material change in the fair value of the loaned securities or the collateral. Credit risk refers to the possibility that counterparties involved in the securities lending program may fail to perform in accordance with the terms of their contracts.

Income earned during 2015 and 2014 was $319,397 and $267,502, respectively.

The fair value of securities loaned by the Plan was $138,847,323 and $198,336,640 at June 30, 2015 and 2014, respectively. The fair value of the collateral held by the Plan was $142,900,271 and $203,414,882 at June 30, 2015 and 2014, respectively. Securities loaned are presented as loans (other than participant loans).

Note 7 - Common/collective trust funds

The Plan invests in numerous collective trust funds. Significant investments in collective trust funds held by the Plan are detailed below.

The Wellington Trust Company, National Association ("Wellington Trust"), CTF Global Total Return Portfolio (the "CTF Fund") was established pursuant to the Wellington Trust Multiple Common Trust Funds Plan and Declaration of Trust. The CTF Fund's investment objective is to generate excess returns over the Merrill Lynch 3-Month T-Bill Index denominated in the base currency. Investments in portfolio securities are generally valued by Wellington Trust, as trustee, based on valuations furnished by independent pricing services approved by Wellington Trust. The net asset value ("NAV") of the CTF Fund is determined as of the close of each day that the New York Stock Exchange is open. Admissions to and withdrawals from the CTF Fund can be made in cash or securities-in-kind and are based on the NAV per unit. The estimated fair value of the Plan's investment as of June 30, 2015 and 2014, was $103,769,030 and $102,503,955, respectively.

14 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

NOTES TO FINANCIAL STATEMENTS

YEARS ENDED JUNE 30, 2015 AND 2014

Note 7 - Common/collective trust funds (cont'd)

The Earnest Partners International Fund ("Earnest") is a separate collective investment fund established June 28, 2010. The objective of Earnest is to seek long-term capital appreciation through investment in publicly-traded equity securities of foreign companies. The net asset value per unit is calculated on each business day by dividing the total value of assets, less liabilities, by the number of units outstanding. Unit issuances and redemptions are based on the net asset value determined at the end of the current day. All investment income and realized gains of Earnest will be reinvested, and no distributions will be declared. Withdrawals from Earnest may be available on a daily basis; however, the Trustee reserves the right to require 5 business days' advance written notice. The Trustee may limit the maximum withdrawal as of any date to the greater of $2,000,000 or five percent of the value of the Withdrawing Participating Plan's assets. The estimated fair value of the Plan's investment as of June 30, 2015 and 2014, was $98,983,244 and $102,089,130, respectively.

Longview Largecap 500 Index Fund ("Longview") is a tax-exempt, non-registered diversified quantitative index fund. Longview's investment objective is to provide investment results that mirror the performance of the Standard & Poor's 500 Composite Stock Price Index through the use of diversified quantitative index investment strategies. The net asset value is determined at the close of each business day, which excludes subscriptions and redemptions that were executed on that day and not settled until the next business day. Withdrawals may, at the option of the trustee, be made in cash or in kind or partly in cash and partly in kind. In kind withdrawals consist of investments in securities at fair value at the date of the withdrawal. The estimated fair value of the Plan's investment as of June 30, 2015 and 2014, was $98,978,029 and $92,188,516, respectively.

The NewTower Trust Company Multi-Employer Property Trust (the "NewTower Trust") is an open-ended, commingled real estate fund, established in 1982 as a means for collective investment in real estate loans and properties by funds of retirement, pension, profit sharing, and other organizations that are exempt from federal income taxes. Withdrawal requests must be received one year in advance of the Valuation Date (last business day of each calendar quarter) upon which the investor wishes the withdrawal to be paid. When available cash is insufficient to honor all withdrawal requests, each withdrawal investor receives a ratable portion of the available cash, and each withdrawal request not fully satisfied is treated as renewed for succeeding Valuation Dates, until the requested withdrawal is fully accomplished. The estimated fair value of the Plan's investment as of June 30, 2015 and 2014, was $118,296,441 and $105,035,005, respectively.

15 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

NOTES TO FINANCIAL STATEMENTS

YEARS ENDED JUNE 30, 2015 AND 2014

Note 7 - Common/collective trust funds (cont'd)

State Street Bank and Trust Company SSgA MSCI ACWI ex USA Non-Lending Fund's ("SSGA") investment objective is to approximate as closely as practicable, before expenses, the performance of the MSCI ACWI ex USA Index over the long term. SSGA attempts to achieve its objective by investing in other collective investment funds managed by State Street Bank which have characteristics consistent with SSGA's overall investment objective. The investment valuation policy of SSGA is to value investments at fair value, which is generally determined as the amount that could reasonably be expected to be realized from an orderly disposition of securities and other financial instruments over a reasonable period of time. The per unit net asset value is determined as of the last business day of each month and at least one other business day during the month. Redemptions of SSGA units may be made on such days, subject to restrictions. The estimated fair value of the Plan's investment as of June 30, 2015 and 2014, was $167,474,809 and $146,176,627, respectively.

PIMCO Unconstrained Bond Collective Trust (the “PIMCO UBCT”) is one of the different series under the PIMCO Collective Investment Trust (the “PIMCO Trust”). The objective of the PIMCO UBCT is to seek maximum long-term return, consistent with preservation of capital and prudent investment management. The PIMCO UBCT is an absolute return-oriented, investment grade quality bond strategy that is not tethered to benchmark-specific guidelines or significant sector constraints. The PIMCO UBCT’s return objective is to outperform the 3-Month USD LIBOR Index. Withdrawals may be made on any business day. However, the Trustee reserves the right to require five business days’ advance written notice. The Trustee shall pay such withdrawals promptly, but in any event within ten business days following the applicable withdrawal date. The Trustee shall have the discretion to limit the maximum withdrawal as of any date to the greater of $2,000,000 or five percent (5%) of the value of the assets in the PIMCO Trust as of the applicable date. In addition, the Trustee shall have the discretion to limit the maximum withdrawal to 25% of the value of the assets in the PIMCO UBCT as of the first such withdrawal during any rolling thirty day period. Withdrawals will normally be paid in cash. However, the Trustee reserves the right to pay withdrawals in-kind, a combination of cash and in-kind, or any other manner consistent with applicable law in the state in which the PIMCO Trust is maintained. The estimated fair value of the Plan's investment as of June 30, 2014 was $78,847,308. The Plan's proportionate share in PIMCO UBCT as of June 30, 2014 was 24.6% .

16 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

NOTES TO FINANCIAL STATEMENTS

YEARS ENDED JUNE 30, 2015 AND 2014

Note 8 - Pooled separate accounts

The Union Labor Life Insurance Company Separate Account J (the "J Account”) is a pooled first mortgage separate account administered by Union Labor Life as a funding vehicle for group annuity contracts issued to pension plans. Investments consist mostly of mortgage loans.

The J Account is valued as of the close of business on the last business day of each month (“Valuation Date”). Withdrawals may be made by making a written request. Redemptions of less than 80% of investments in the J Account are paid in full on the first business day following the third Valuation Date from the date of receipt of the redemption request. For redemption requests greater than 80%, ULLICO will make a partial payment equal to 80% of the value calculated as of the second Valuation Date following receipt of the redemption request and such payment will be made on the first business day following the third Valuation Date. ULLICO will make a final payment within three weeks after the third Valuation Date. Redemption may be delayed subject to the J Account’s investment performance. The estimated fair value of the Plan's investment as of June 30, 2015 and 2014, was $74,974,679 and $72,470,008, respectively.

Note 9 - 103-12 Investment entities

GoldenTree High Yield Value Fund Offshore II, Ltd ("GoldenTree") is a Cayman Islands exempted limited company. The GoldenTree principal investment objective is to seek to achieve superior returns by investing on a long-only basis in primarily public and private high-yield non-investment grade and nonrated debt securities. Shareholders have the right, on the last day of each calendar quarter, upon 90 days' prior written notice, to redeem all or any portion of their shares; provided, however, that no amounts may be redeemed by any such shareholder without the consent of the Board of Directors prior to the end of the 6-month anniversary of the initial subscription for shares by such shareholders. The Board of Directors may declare a suspension of the determination of the net asset value, subscription for shares, redemption of shares or payment of any amount to a redeeming shareholder if in their opinion a state of affairs where the disposal of the GoldenTree’s assets, or the determination of the net asset value would not be reasonably practicable or would be seriously prejudicial to the GoldenTree’s shareholders. The estimated fair value of the Plan's investment as of June 30, 2015 and 2014 was $87,710,564 and $86,489,149, respectively. The Plan's proportionate share in GoldenTree as of June 30, 2015 and 2014 was 66% and 62%, respectively.

The Lazard Emerging Income, Ltd. ("Lazard") is registered by the Bermuda Monetary Authority. The principal objective of Lazard is to realize a consistently positive absolute return through investments in emerging market currencies or instruments whose value is derived from the performance of an underlying emerging market currency. Redemptions from Lazard within the first twelve (12) full months following the initial investment will be subject to a redemption fee, payable to Lazard, equal to 2% of the amount being redeemed. The estimated fair value of the Plan's investment as of June 30, 2014 was $79,027,679.

17 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

NOTES TO FINANCIAL STATEMENTS

YEARS ENDED JUNE 30, 2015 AND 2014

Note 9 - 103-12 Investment entities (cont'd)

Walter Scott & Partners Limited Group Trust - Global Fund ("Walter Scott") was established under Illinois law and commenced operations on November 22, 2004. Walter Scott's investment objective is to seek long-term appreciation by investing in equity securities subject to geographic and other restrictions. Securities traded on national exchanges are valued at the closing sale price or, if there are no sales, at the latest bid quotation. Foreign securities are valued on the basis of quotations from the primary market in which they are traded and translated at each valuation date from the local currency into U.S. dollars using the current spot rates. Contributions and withdrawals may be made in the form of cash or securities, which are recorded at fair value at the end of the first New York City business day prior to the day of contribution or withdrawal. Contributions, withdrawals and other participant activity are effective normally on the first business day of each calendar month, or by other arrangement. The estimated fair value of the Plan's investment as of June 30 2015 and 2014, was $151,599,444 and $127,696,119, respectively.

Note 10 - Other significant investments

Loomis Sayles Credit Long/Short Fund (Offshore) Ltd, (the “LS Feeder Fund”) is an exempted company organized under the laws of Cayman Islands. The investment objective is to seek absolute returns in excess of the London Interbank Offered Rate ("LIBOR") in U.S. dollars. The LS Feeder Fund seeks to achieve the objective by investing all or substantially all of its assets through a master/feeder structure in the Loomis Sayles Credit Alpha Master Fund, Ltd (the "LS Master Fund"), a Cayman Islands exempted limited liability company. The LS Master Fund may invest in exchange traded funds, mutual funds, pooled or bundled investment vehicles and may enter into short sales, forward currency and futures contracts. The LS Master Fund will also be exposed to leverage through its use of derivative instruments. Redemptions may be made upon thirty days written notice, as of the last business day of a calendar month or such day as the LS Feeder Fund designates. Redemptions within one year of purchase may be subject to a redemption fee of 2% of the proceeds. In addition, up to 5% of the proceeds may be withheld until the completion of the LS Feeder Fund audit. The net asset value of the LS Feeder Fund is it's proportionate interest in the net asset value of the LS Master Fund. The estimated fair value of the Plan's investment, which is included in corporate stock, as of June 30, 2015 and 2014 was $41,231,287 and $41,215,174, respectively.

18 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

NOTES TO FINANCIAL STATEMENTS

YEARS ENDED JUNE 30, 2015 AND 2014

Note 10 - Other significant investments (cont'd)

The Plan has committed to invest in Standard Life Investments Global Absolute Return Strategies Offshore Feeder Fund Ltd. (“GARS Offshore Feeder”), a Cayman Islands Limited Liability Company. The Standard Life Fund is a feeder fund that invests substantially all of its investable assets through a "master-feeder" structure in the Standard Life Investments Global Absolute Return Strategies Master Fund Ltd. ("GARS Master Fund"). The GARS Master Fund's investment objective is to deliver a positive absolute return in the form of capital growth over the medium to long term in all market conditions. Shareholders have the right, upon five business days prior written notice, to redeem all or a portion of its shares as of the last business day of each month, subject to certain restrictions. Redemptions ordinarily will be permitted only as of the last business day of a month. Any shareholder giving notice that it elects to make a redemption that would reduce such shareholder's investment below $1 million may be required to redeem entirely from the GARS Offshore Feeder. A voluntary partial redemption is required to be a minimum of $500,000. Shares are redeemed at the net asset value per share at the time of redemption. The GARS Offshore Feeder will generally pay 100% of the net proceeds of shares redeemed within 15 business days after redemption. Redemptions are generally paid in cash, but may be paid in securities. As of June 30, 2015, the Plan had transferred approximately $75 million into a noninterest bearing cash account held by Standard Life. Subscriptions for the GARS Offshore Feeder are only accepted on the 1st of the month and as such, the initial subscription was made July 1, 2015.

Note 11 - Investment commitments

As of June 30, 2015, the Plan has commitments with various investment managers to invest a total of $63,511,000 in real estate investment vehicles, $98,924,000 in private equity investment vehicles, and $75,000,000 in a global opportunities collective trust. As of June 30, 2014, the Plan had commitments with various investment managers to invest a total of $71,388,000 in real estate investment vehicles and $103,775,000 in private equity investment vehicles.

Note 12 - Risks and uncertainties

The Plan invests in various 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, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the financial statements.

Plan contributions are made and the actuarial present value of accumulated plan benefits are reported based on certain assumptions pertaining to interest rates, inflation rates and employee demographics, all of which are subject to change. Due to uncertainties inherent in the estimations and assumptions process, it is at least reasonably possible that changes in these estimates and assumptions in the near term could be material to the financial statements.

19 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

NOTES TO FINANCIAL STATEMENTS

YEARS ENDED JUNE 30, 2015 AND 2014

Note 13 - Lease commitments

The Plan is party to a lease agreement, expiring on July 31, 2027 with 395 Hudson New York LLC, a wholly owned investment of the Plan. The Plan formally transferred the deed to the real property and leases to 395 Hudson New York, LLC on July 1, 2013. Under the terms of the agreement the Plan will pay rent plus escalation charges for real estate taxes and occupancy expenses for office space on the ninth floor at 395 Hudson Street, New York.

In addition, the Plan and its related Welfare, Annuity and Apprenticeship Funds leased office space on the eight floor at 395 Hudson Street, New York. Under the terms of the agreement, the Plan and related organizations paid rent plus escalation charges for real estate taxes and occupancy expenses through the termination date of February 28, 2014.

The Plan's portion of occupancy expenses for the years ended June 30, 2015 and 2014 were $409,530 and $502,133, respectively.

Future minimum annual lease obligations as of June 30, 2015, are as follows:

2016 $ 1,372,860 2017 1,372,860 2018 1,512,688 2019 1,525,400 2020 1,525,400 2021 and thereafter 11,567,675

Total $ 18,876,883

Rent and escalation charges are allocated between the Plan and all other related organizations based on the estimated benefit received. Effective July 1, 2013, the Plan's share of total occupancy expenses are 23.59%.

Note 14 - Employer contributions

In accordance with collective bargaining agreements and participation agreements, employers are required to make contributions to the Plan on behalf of employees performing covered work. Employer contributions are generally based on an hourly rate.

20 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

NOTES TO FINANCIAL STATEMENTS

YEARS ENDED JUNE 30, 2015 AND 2014

Note 15 - Accumulated Plan Benefits

The latest available calculations of the actuarial present value of accumulated plan benefits were made by consulting actuaries as of July 1, 2014 and 2013. Details of accumulated plan benefit information as of such dates are as follows: July 01, 2014 July 01, 2013 Actuarial present value of accumulated plan benefits: Vested benefits: Participants currently receiving benefit payments $ 1,626,349,215 $ 1,524,327,156 Other vested participants 1,312,081,582 1,204,197,207 Total vested benefits 2,938,430,797 2,728,524,363 Nonvested benefits 173,589,322 161,730,306

Total actuarial present value of accumulated plan benefits $ 3,112,020,119 $ 2,890,254,669

The changes in the actuarial present value of accumulated plan benefits from the previous benefit information date were as follows:

July 01, 2014 July 01, 2013 Actuarial present value of accumulated plan benefits - Beginning of year $ 2,890,254,669 $ 2,740,108,202

Increase (decrease) during the year attributable to: Benefits accumulated 111,781,340 107,693,350 Benefits paid (182,949,644) (178,605,995) Change of assumptions 83,596,983 22,806,865 Interest 209,336,771 198,252,247

Net increase (decrease) in actuarial present value of accumulated plan benefits 221,765,450 150,146,467

Actuarial present value of accumulated plan benefits - End of year $ 3,112,020,119 $ 2,890,254,669

Through July 1, 2014, the Plan met minimum funding standard requirements under ERISA.

21 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

NOTES TO FINANCIAL STATEMENTS

YEARS ENDED JUNE 30, 2015 AND 2014

Note 15 - Accumulated Plan Benefits (cont'd)

The significant methods and assumptions underlying the actuarial computations are as follows:

Actuarial cost method Unit Credit Actuarial Cost Method. Normal Cost and Actuarial Accrued Liability are calculated on an individual basis and are allocated by service

Assumed rate of return on investments 7.50% Mortality basis - Healthy 2014: 110% of the RP-2014 Healthy Annuitant Mortality Table; 110% of the RP-2014 Healthy Employee Mortality Table (Non-Annuitant)

2013: RP-2000 Combined Healthy Mortality Table Projected to 2020 with Scale AA

Mortality basis - Disabled 2014: 85% of the RP-2014 Disabled Retiree Mortality Table

2013: 70% of the RP-2000 Disabled Retiree Mortality Table Projected to 2020 with Scale AA

Weighted Average Retirement Age 2014: 60

2013: 61

Unknown Data for Participants Same as those exhibited by participants with similar known characteristics. If not specified, participants are assumed to be male.

Percent married 80% Future benefit accruals Based on 1,500 hours worked per year. Future employment is assumed to be with the same employer and at the contribution rates negotiated by that employer

22 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

NOTES TO FINANCIAL STATEMENTS

YEARS ENDED JUNE 30, 2015 AND 2014

Note 15 - Accumulated Plan Benefits (cont'd)

Retirement rates Age 71 - 100% with various retirement rates with ages less than 71.

Administrative expenses 2014: $6,750,000

2013: $6,400,000

As of July 1, 2014 the actuary has certified that the Plan is not in Endangered or Critical status as identified under the Pension Protection Act of 2006.

Note 16 - Reconciliation of financial statements to Form 5500

For financial statement purposes, investment expenses are reported as a reduction of investment income. The reporting requirements of the Department of Labor require these fees be shown as administrative expenses.

The following is a reconciliation of the reclassifications:

Per Financial Statements Reclassification Per Form 5500

Investment income (loss) $ 99,136,067 $ 7,408,584 $ 106,544,651 Contributions 235,148,533 - 235,148,533 Other income 624,987 - 624,987

Total additions 334,909,587 7,408,584 342,318,171

Benefits paid directly to participants or beneficiaries 190,643,376 - 190,643,376 Administrative expenses 6,319,983 7,408,584 13,728,567

Total deductions 196,963,359 7,408,584 204,371,943

Net increase (decrease) $ 137,946,228 $- $ 137,946,228

In addition to the above reclassifications, the Plan's investments have been reclassified for Form 5500 purposes in accordance with the Department of Labor's plan asset regulations. See the Schedule Reconciling the Statement of Net Assets Available for Benefits to Form 5500 on page 87.

23 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

NOTES TO FINANCIAL STATEMENTS

YEARS ENDED JUNE 30, 2015 AND 2014

Note 17 - Contingencies

There are various lawsuits and claims against the Plan which have arisen in the ordinary course of operations. The Plan has evaluated these claims and has provided potential liabilities which may arise, where appropriate. In the opinion of management, based in part upon advice from counsel, these actions will not have a material adverse effect on the Plan's financial position.

Note 18 - Tax status

The Plan has received a determination letter from the IRS dated December 01, 2015, stating that the Plan is qualified under Section 401(a) and is exempt from federal income taxes under Section 501(a) of the Internal Revenue Code. The Trustees believe that the Plan, including amendments subsequent to the IRS determination, is currently designed and operated in compliance with the requirements of the Internal Revenue Code. Therefore, they believe that the Plan was qualified and the related trust was tax exempt as of the financial statement date.

In general, information returns are subject to audit by governmental agencies for a period of at least 3 years.

24 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF INTEREST BEARING CASH

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (c) - (b) DESCRIPTION (d) (e) INTEREST BEARING CASH INTEREST CURRENT ISSUER RATE COST VALUE ABBOTT CAPITAL PRIVATE EQUITY FD III LP - INTEREST BEARING CASH $ 95,776 $ 95,776 DYAL II PENSION INVESTORS LP - INTEREST BEARING CASH 1,058,532 1,058,532 GROSVENOR INSTITUTIONAL PARTNERS LP - INTEREST BEARING CASH 8,652,952 8,652,952 HAMILTON LANE CARPENTERS PARTNERSHIP FUND LP - INTEREST BEARING CASH 6,114 6,114 HAMILTON LANE CARPENTERS PARTNERSHIP FUND II LP - INTEREST BEARING CASH 511,502 511,502 LOOMIS SAYLES CREDIT LONG/SHORT FUND (OFFSHORE) LTD - INTEREST BEARING CASH 25 25 MCMORGAN INFRASTRUCTURE FUND I LP - INTEREST BEARING CASH 7,597,801 7,597,801 METHOD ADVISORS 2009 LP - INTEREST BEARING CASH 684,110 684,110 METHOD ADVISORS 2012 LP - INTEREST BEARING CASH 656,630 656,630

$ 19,263,442 $ 19,263,442

Holdings of various investments were determined to be plan assets for Form 5500 purposes and are separately identified here based on the allocation of the underlying assets provided by the investment manager, as of the date of their latest audited financial statements.

25 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF U.S. GOVERNMENT SECURITIES

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) U.S. GOVERNMENT SECURITIES PAR OR INTEREST MATURITY MATURITY CURRENT ISSUER RATE DATE VALUE COST VALUE FEDERAL FARM CR BK CONS SYSTEM 0.000% 10/19/2015 $ 3,000,000 $ 2,995,348 $ 2,995,348 FEDERAL HOME LN BK CONS DISC 0.000% 10/30/2015 8,000,000 7,996,529 7,996,529 FEDERAL HOME LN MTG CORP DISC 0.000% 11/04/2015 10,000,000 9,982,906 9,982,906 U S TREASURY NOTE 2.125% 12/31/2015 2,915,000 2,970,319 2,943,480 U S TREASURY NOTE 0.375% 03/31/2016 10,000,000 10,018,750 10,010,200 FEDERAL HOME LN BK CONS DISC 0.000% 05/20/2016 10,000,000 9,970,597 9,970,597 U S TREASURY NOTE 0.500% 06/30/2016 10,000,000 10,021,484 10,016,400 FEDERAL FARM CR BK CONS BD 0.207% 07/08/2016 2,000,000 2,000,010 2,001,400 FHLMC POOL #E0-1048 7.500% 08/01/2016 4,258 4,449 4,326 FEDERAL HOME LN BK CONS BD 0.500% 09/28/2016 1,400,000 1,396,850 1,400,336 FEDERAL FARM CR BK CONS BD 0.217% 10/11/2016 5,000,000 4,998,700 5,004,350 U S TREASURY NOTE 0.083% 10/31/2016 11,000,000 10,998,975 10,999,890 U S TREASURY NOTE 0.114% 01/31/2017 2,600,000 2,600,078 2,601,377 FEDERAL FARM CR BK CONS BD 0.236% 04/17/2017 2,500,000 2,500,000 2,502,550 FEDERAL FARM CR BK CONS BD 0.226% 08/29/2017 4,000,000 3,998,800 4,003,880 FEDERAL FARM CR BK CONS BD 0.227% 01/02/2018 1,800,000 1,799,900 1,800,666 FEDERAL FARM CR BK CONS BD 0.254% 03/02/2018 2,000,000 2,000,324 2,004,280 FEDERAL FARM CR BK CONS BD 0.231% 03/26/2018 2,500,000 2,500,000 2,503,975 FEDERAL FARM CR BK CONS BD 0.237% 04/16/2018 5,000,000 4,999,242 5,002,250 GNMA II POOL #0008991 1.625% 10/20/2026 133,791 135,275 138,913 FNMA POOL #0849088 2.111% 11/01/2035 48,248 49,898 50,746 FHLMC POOL #1Q-1363 2.343% 02/01/2036 448,320 475,219 476,488 FNMA POOL #0866093 2.375% 03/01/2036 422,316 447,127 455,915 FNMA POOL #0870542 2.138% 03/01/2036 886,576 950,438 945,126 FNMA POOL #0906140 2.224% 01/01/2037 717,269 767,702 767,736 FNMA GTD REMIC P/T 09-77 PC 4.000% 12/25/2038 152,115 154,587 152,889 FNMA POOL #0AE0193 2.334% 07/01/2040 488,348 517,954 522,948 GROSVENOR INSTITUTIONAL PARTNERS LP - U.S. GOVERNMENT SECURITIES - 1,773,355 2,237,041

$ 97,016,241 $ 99,024,816 $ 99,492,542

26 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE DEBT INSTRUMENTS - PREFERRED

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) CORPORATE DEBT INSTRUMENTS - PREFERRED PAR OR INTEREST MATURITY MATURITY CURRENT ISSUER RATE DATE VALUE COST VALUE WELLS FARGO & CO 1.500% 07/01/2015 $ 1,250,000 $ 1,258,640 $ 1,250,000 EBAY INC 0.700% 07/15/2015 110,000 110,141 110,003 TEXAS INSTRUMENTS INC 0.450% 08/03/2015 320,000 318,550 319,994 GEORGIA POWER CO 0.750% 08/10/2015 200,000 199,870 200,040 PEPSICO INC 0.700% 08/13/2015 750,000 749,753 750,285 JOHN DEERE CAPITAL CORP 0.700% 09/04/2015 210,000 209,857 210,008 JPMORGAN CHASE & CO 1.100% 10/15/2015 750,000 753,526 750,683 UNITEDHEALTH GROUP INC 0.850% 10/15/2015 70,000 69,984 70,055 BANK OF NEW YORK MELLON CORP/T 0.700% 10/23/2015 500,000 500,145 500,230 BEAR STEARNS COS LLC/THE 5.300% 10/30/2015 125,000 130,841 126,788 CATERPILLAR FINANCIAL SERVICES 0.700% 11/06/2015 50,000 49,954 50,059 DUKE ENERGY FLORIDA INC 0.650% 11/15/2015 360,000 359,680 360,058 CALIFORNIA ST DEPT OF WTR RESO 0.650% 12/01/2015 260,000 260,000 260,320 COSTCO WHOLESALE CORP 0.650% 12/07/2015 250,000 249,703 250,128 GENERAL ELECTRIC CAPITAL CORP 1.000% 12/11/2015 640,000 639,360 641,824 JPMORGAN CHASE & CO 2.600% 01/15/2016 200,000 203,754 201,586 JOHN DEERE CAPITAL CORP 0.750% 01/22/2016 370,000 369,608 370,877 PNC BANK NA 0.589% 01/28/2016 1,000,000 999,580 1,001,090 PACCAR FINANCIAL CORP 0.546% 02/08/2016 380,000 379,872 380,365 CATERPILLAR FINANCIAL SERVICES 0.522% 02/26/2016 400,000 400,000 400,520 MANUFACTURERS & TRADERS TRUST 0.010% 03/07/2016 1,000,000 999,180 999,980 GEORGIA POWER CO 0.606% 03/15/2016 280,000 280,000 279,726 APPLE INC 0.329% 05/03/2016 430,000 430,000 430,030 APPLE INC 0.450% 05/03/2016 250,000 249,548 249,883 WORLD OMNI AUTOMOBILE LE A A2A 0.730% 05/16/2016 91,989 91,982 92,009 NSTAR ELECTRIC CO 0.516% 05/17/2016 440,000 440,000 439,036 ALLY AUTO RECEIVABLES T SN1 A3 0.720% 05/20/2016 39,079 39,077 39,082 FLORIDA ST HURRICANE CATASTROP 1.298% 07/01/2016 300,000 300,000 301,128 JPMORGAN CHASE & CO 3.150% 07/05/2016 450,000 473,292 459,113 GENERAL ELECTRIC CAPITAL CORP 0.936% 07/12/2016 570,000 570,000 573,089 JOHN DEERE OWNER TRUST 20 B A3 0.530% 07/15/2016 82,649 82,681 82,646 FORD CREDIT AUTO LEASE TR B A3 0.760% 09/15/2016 178,081 178,056 178,161 JOHN DEERE CAPITAL CORP 0.576% 10/11/2016 170,000 170,000 170,366 COCA-COLA CO/THE 0.378% 11/01/2016 1,000,000 1,000,000 1,000,100 JPMORGAN CHASE & CO 0.726% 11/18/2016 460,000 460,000 460,156 CATERPILLAR FINANCIAL SERVICES 1.000% 11/25/2016 200,000 199,842 200,496 PENNSYLVANIA ST TURNPIKE COMMI 0.787% 12/01/2016 680,000 680,000 681,217 HONDA AUTO RECEIVABLES OW 3 A2 0.480% 12/15/2016 929,587 929,572 929,457 BERKSHIRE HATHAWAY FINANCE COR 0.433% 01/10/2017 500,000 500,000 500,375 HYUNDAI AUTO RECEIVABLES A A2 0.460% 01/16/2017 194,092 194,088 194,053 NATIONAL RURAL UTILITIES COOPE 1.100% 01/27/2017 500,000 499,705 501,005 MERCK & CO INC 0.404% 02/10/2017 330,000 330,000 330,172 JPMORGAN CHASE & CO 0.794% 02/15/2017 630,000 630,000 630,876 CISCO SYSTEMS INC 1.100% 03/03/2017 440,000 439,974 441,553 CATERPILLAR FINANCIAL SERVICES 0.513% 03/03/2017 310,000 310,000 310,440 WORLD OMNI AUTOMOBILE LE A A2A 0.710% 03/15/2017 999,118 999,068 997,670 WORLD OMNI AUTOMOBILE LE A A2B 0.397% 03/15/2017 999,118 997,497 998,107 VOLKSWAGEN AUTO LEASE TRU A A3 0.800% 04/20/2017 615,000 614,950 615,049 GE EQUIPMENT MIDTICKET LL 1 A2 0.640% 04/24/2017 633,337 633,288 632,970 BMW VEHICLE OWNER TRUST 2 A A2 0.530% 04/25/2017 636,417 636,395 636,589 SOUTHERN CALIFORNIA EDISON CO 1.125% 05/01/2017 1,100,000 1,100,902 1,098,812 APPLE INC 0.900% 05/12/2017 310,000 309,786 310,087 GENERAL ELECTRIC CAPITAL CORP 0.554% 05/15/2017 900,000 900,000 901,440 27 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE DEBT INSTRUMENTS - PREFERRED

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) CORPORATE DEBT INSTRUMENTS - PREFERRED PAR OR INTEREST MATURITY MATURITY CURRENT ISSUER RATE DATE VALUE COST VALUE NISSAN AUTO RECEIVABLES 2 A A3 0.500% 05/15/2017 228,066 228,191 227,997 PFIZER INC 0.424% 05/15/2017 840,000 840,000 840,092 WELLS FARGO & CO 0.584% 06/02/2017 330,000 330,000 329,469 SANTANDER DRIVE AUTO REC 1 A2A 0.660% 06/15/2017 95,677 95,676 95,665 VOLKSWAGEN AUTO LEASE TR A A2A 0.870% 06/20/2017 1,200,000 1,199,994 1,200,324 ORACLE CORP 0.484% 07/07/2017 600,000 600,000 599,874 CAPITAL AUTO RECEIVABLES 1 A1B 0.010% 07/20/2017 800,000 800,000 800,144 US BANK NA/CINCINNATI OH 0.486% 09/11/2017 630,000 630,000 629,528 ANADARKO PETROLEUM CORP 6.375% 09/15/2017 1,225,000 1,369,954 1,344,315 NISSAN AUTO RECEIVABLES 2 A A2 0.670% 09/15/2017 1,300,000 1,299,934 1,298,947 CALIFORNIA REPUBLIC AUTO 4 A2 0.770% 09/15/2017 782,307 782,235 782,526 ALLY AUTO RECEIVABLES TRU 3 A2 0.810% 09/15/2017 1,300,000 1,299,977 1,300,546 CARMAX AUTO OWNER TRUST 2 1 A3 0.600% 10/16/2017 538,463 538,447 538,075 GE EQUIPMENT TRANSPORTATI 1 A2 0.890% 11/24/2017 340,000 339,963 340,221 FORD CREDIT AUTO LEASE T A A2A 0.790% 12/15/2017 1,400,000 1,399,989 1,400,420 USAA AUTO OWNER TRUST 201 1 A3 0.580% 12/15/2017 920,000 919,959 919,982 INTERNATIONAL BUSINESS MACHINE 0.470% 02/06/2018 1,300,000 1,300,000 1,298,622 NISSAN MASTER OWNER TRUST A A 0.487% 02/15/2018 1,050,000 1,050,000 1,050,000 ALLY MASTER OWNER TRUST 1 A1 0.637% 02/15/2018 400,000 400,000 400,080 CARMAX AUTO OWNER TRUST 4 A2A 0.670% 02/15/2018 1,079,933 1,079,897 1,079,188 CHEVRON CORP 0.454% 03/02/2018 630,000 630,000 627,814 EXXON MOBIL CORP 1.305% 03/06/2018 500,000 500,000 499,595 PACCAR FINANCIAL CORP 1.450% 03/09/2018 240,000 239,774 239,837 CHARLES SCHWAB CORP/THE 1.500% 03/10/2018 300,000 299,622 300,297 KENTUCKY ST ASSET/LIABILITY CO 3.165% 04/01/2018 1,839,936 1,907,309 1,893,920 ALLY MASTER OWNER TRUST 2 A 0.637% 04/15/2018 600,000 600,000 600,234 SANTANDER DRIVE AUTO REC 5 A2B 0.587% 04/16/2018 511,759 511,759 511,416 WELLS FARGO & CO 0.924% 04/23/2018 350,000 350,000 350,970 PEPSICO INC 1.250% 04/30/2018 400,000 399,952 398,336 APPLE INC 0.529% 05/03/2018 300,000 300,000 300,417 ABBVIE INC 1.800% 05/14/2018 900,000 899,082 897,354 CONOCOPHILLIPS CO 0.606% 05/15/2018 410,000 410,000 409,877 PACCAR FINANCIAL CORP 1.400% 05/18/2018 700,000 699,076 698,901 QUALCOMM INC 0.546% 05/18/2018 1,100,000 1,100,000 1,099,978 MERCK & CO INC 0.636% 05/18/2018 400,000 400,000 401,360 PNC BANK NA 0.703% 06/01/2018 700,000 700,000 698,776 CARMAX AUTO OWNER TRUST 2 A2A 0.820% 06/15/2018 1,440,000 1,439,847 1,440,936 CISCO SYSTEMS INC 0.593% 06/15/2018 700,000 700,000 701,225 BARCLAYS DRYROCK ISSUANCE 1 A 0.527% 07/16/2018 995,000 995,000 995,189 BANK OF NEW YORK MELLON CORP/T 0.838% 08/01/2018 270,000 270,000 270,975 CNH EQUIPMENT TRUST B A2A 0.840% 08/15/2018 1,415,000 1,414,912 1,413,939 GM FINANCIAL AUTOMOBILE L 1 A3 1.530% 09/20/2018 875,000 874,873 876,986 FIFTH THIRD AUTO TRUST 20 2 A3 0.890% 11/15/2018 1,200,000 1,199,795 1,198,668 CAPITAL ONE MULTI-ASSET A1 A1 0.630% 11/15/2018 1,000,000 999,849 1,000,170 AEP TEXAS CENTRAL TRANSIT 1 A1 0.880% 12/01/2018 291,594 291,593 291,162 PACCAR FINANCIAL CORP 0.879% 12/06/2018 100,000 100,000 100,398 GM FINANCIAL AUTOMOBILE L 2 A3 1.680% 12/20/2018 975,000 974,950 977,252 CISCO SYSTEMS INC 0.783% 03/01/2019 300,000 300,000 301,191 CHASE ISSUANCE TRUST A3 A3 0.437% 04/15/2019 1,300,000 1,300,000 1,299,779 EBAY INC 0.758% 08/01/2019 1,100,000 1,100,000 1,077,703 CITIBANK CREDIT CARD ISS A8 A8 5.650% 09/20/2019 1,500,000 1,661,443 1,641,360 GE DEALER FLOORPLAN MASTER 2 A 0.638% 10/20/2019 1,300,000 1,300,000 1,297,660 BA CREDIT CARD TRUST A1 A 0.567% 06/15/2021 1,000,000 1,000,000 999,400 28 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE DEBT INSTRUMENTS - PREFERRED

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) CORPORATE DEBT INSTRUMENTS - PREFERRED PAR OR INTEREST MATURITY MATURITY CURRENT ISSUER RATE DATE VALUE COST VALUE SLM STUDENT LOAN TRUST 20 1 A2 0.571% 07/26/2021 600,000 600,000 598,560 SLM STUDENT LOAN TRUST 20 2 A4 0.367% 10/25/2022 125,013 124,656 124,998 NEW YORK NY 0.430% 08/01/2027 1,110,000 1,110,000 1,107,114 TEXAS ST TRANSPRTN COMMISSION 0.380% 04/01/2032 1,040,000 1,040,000 1,037,608 ABFC 2004-OPT4 TRUST OPT4 A2 0.811% 04/25/2034 41,197 41,222 40,513 UNIV OF CALIFORNIA CA REVENUES 0.687% 07/01/2041 640,000 640,046 640,013 SEQUOIA MORTGAGE TRUST 20 4 A3 1.550% 04/25/2043 295,577 295,577 285,775

$ 70,697,989 $ 71,106,254 $ 70,993,457

29 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE DEBT INSTRUMENTS - OTHER

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) CORPORATE DEBT INSTRUMENTS - OTHER PAR OR INTEREST MATURITY MATURITY CURRENT ISSUER RATE DATE VALUE COST VALUE AT HOME CORP 4.75% 12/15/2006 $ 219,405 $ 36,724 $ 36,724 GOLDMAN SACHS GROUP INC/THE 3.70% 08/01/2015 125,000 128,684 125,265 CITIGROUP INC 2.25% 08/07/2015 1,375,000 1,394,882 1,376,966 ECOLAB INC 1.00% 08/09/2015 100,000 99,950 100,016 SUNTRUST BANK/ATLANTA GA 0.57% 08/24/2015 300,000 296,949 299,952 BANK OF AMERICA CORP 3.70% 09/01/2015 1,325,000 1,358,443 1,330,486 BANK OF AMERICA CORP 3.70% 09/01/2015 380,000 393,456 381,573 NEXTERA ENERGY CAPITAL HOLDING 1.34% 09/01/2015 400,000 401,460 400,372 MCKESSON CORP 0.68% 09/10/2015 200,000 200,000 199,984 BANK OF AMERICA CORP 1.50% 10/09/2015 100,000 100,760 100,230 REYNOLDS AMERICAN INC 1.05% 10/30/2015 80,000 79,887 79,725 MARATHON OIL CORP 0.90% 11/01/2015 160,000 160,073 159,960 VERIZON COMMUNICATIONS INC 0.70% 11/02/2015 200,000 199,964 199,720 CAPITAL ONE FINANCIAL CORP 1.00% 11/06/2015 300,000 299,073 299,547 STARWOOD HOTELS & RESORTS WORL 7.38% 11/15/2015 60,000 40,950 61,342 GOLDMAN SACHS GROUP INC/THE 1.60% 11/23/2015 775,000 781,322 777,674 GOLDMAN SACHS GROUP INC/THE 1.60% 11/23/2015 520,000 521,296 521,794 AT&T INC 0.80% 12/01/2015 330,000 329,894 329,990 CITIGROUP INC 4.59% 12/15/2015 675,000 701,825 686,455 PRECISION CASTPARTS CORP 0.70% 12/20/2015 130,000 129,961 129,943 CONAGRA FOODS INC 1.30% 01/25/2016 100,000 99,956 100,014 ONEOK PARTNERS LP 3.25% 02/01/2016 825,000 836,090 832,788 GOLDMAN SACHS GROUP INC/THE 3.63% 02/07/2016 1,700,000 1,727,676 1,727,540 AT&T INC 0.67% 02/12/2016 390,000 390,000 389,426 DIRECTV HOLDINGS LLC / DIRECTV 3.50% 03/01/2016 1,625,000 1,682,509 1,650,318 BANK OF AMERICA CORP 3.63% 03/17/2016 230,000 238,202 234,255 BANK OF AMERICA CORP 1.10% 03/22/2016 490,000 490,000 491,083 CNH EQUIPMENT TRUST 2015- A A1 0.25% 03/24/2016 985,116 985,116 984,840 CITIGROUP INC 1.07% 04/01/2016 470,000 470,000 470,935 MORGAN STANLEY 3.80% 04/29/2016 2,350,000 2,418,221 2,401,747 XCEL ENERGY INC 0.75% 05/09/2016 170,000 169,959 169,503 WALGREENS BOOTS ALLIANCE INC 0.73% 05/18/2016 270,000 270,000 269,959 CITIGROUP INC 3.95% 06/15/2016 350,000 362,114 359,335 BECTON DICKINSON AND CO 0.74% 06/15/2016 200,000 200,000 200,092 VERIZON COMMUNICATIONS INC 1.82% 09/15/2016 330,000 330,000 334,062 VENTAS REALTY LP 1.55% 09/26/2016 168,000 167,848 168,620 WESTERN UNION CO/THE 5.93% 10/01/2016 1,550,000 1,725,903 1,627,373 KROGER CO/THE 0.82% 10/17/2016 300,000 300,000 300,126 FIFTH THIRD BANK/CINCINNATI OH 0.79% 11/18/2016 200,000 200,000 200,284 KEYBANK NA/CLEVELAND OH 0.77% 11/25/2016 250,000 250,000 250,088 FORD MOTOR CREDIT CO LLC 8.00% 12/15/2016 1,175,000 1,354,865 1,280,057 ROCKWELL COLLINS INC 0.64% 12/15/2016 480,000 480,000 479,818 DEVON ENERGY CORP 0.83% 12/15/2016 690,000 690,828 682,044 AM CASTLE & CO 12.75% 12/15/2016 115,000 118,475 109,538 SUNTRUST BANK/ATLANTA GA 0.71% 02/15/2017 200,000 200,000 199,802 DOMINION RESOURCES INC/VA 1.25% 03/15/2017 500,000 499,490 498,875 BANK OF AMERICA CORP 3.88% 03/22/2017 60,000 63,670 62,381 FORD MOTOR CREDIT CO LLC 0.91% 03/27/2017 600,000 600,000 598,230 ZIMMER BIOMET HOLDINGS INC 1.45% 04/01/2017 410,000 409,754 410,139 HUNTINGTON NATIONAL BANK/THE 0.72% 04/24/2017 630,000 630,000 628,457 TIME WARNER CABLE INC 5.85% 05/01/2017 975,000 1,042,211 1,041,173 ASG CONSOLIDATED LLC / AS 144A 15.00% 05/15/2017 279,101 264,425 175,834 LANTHEUS MEDICAL IMAGING INC 9.75% 05/15/2017 55,000 56,416 56,485 NEXTERA ENERGY CAPITAL HOLDING 1.59% 06/01/2017 160,000 160,584 160,347 30 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE DEBT INSTRUMENTS - OTHER

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) CORPORATE DEBT INSTRUMENTS - OTHER PAR OR INTEREST MATURITY MATURITY CURRENT ISSUER RATE DATE VALUE COST VALUE AMERICAN EXPRESS CREDIT CORP 0.55% 06/05/2017 420,000 420,000 417,824 VERIZON COMMUNICATIONS INC 0.68% 06/09/2017 360,000 360,000 359,136 HESS CORP 1.30% 06/15/2017 150,000 149,822 149,227 CAMERON INTERNATIONAL CORP 1.40% 06/15/2017 130,000 129,946 129,149 GENON ENERGY INC 7.88% 06/15/2017 270,000 261,439 273,375 UPSTATE NEW YORK POWER PR 144A 20.00% 06/15/2017 66,417 65,813 72,395 CITIGROUP INC 1.55% 08/14/2017 630,000 629,118 628,898 SYNCHRONY FINANCIAL 1.88% 08/15/2017 385,000 385,771 384,842 BANK OF AMERICA CORP 1.70% 08/25/2017 270,000 269,717 270,311 PETROQUEST ENERGY INC 10.00% 09/01/2017 500,000 502,485 470,000 FORD MOTOR CREDIT CO LLC 0.80% 09/08/2017 600,000 600,000 596,508 AMPHENOL CORP 1.55% 09/15/2017 150,000 149,847 150,160 MARATHON OIL CORP 6.00% 10/01/2017 1,175,000 1,285,427 1,284,416 ONEOK PARTNERS LP 2.00% 10/01/2017 775,000 773,262 776,628 SYSCO CORP 1.45% 10/02/2017 130,000 129,951 131,300 JAGUAR HOLDING CO I 144A 9.38% 10/15/2017 200,000 203,000 204,240 ALPHABET HOLDING CO INC 7.75% 11/01/2017 455,000 445,987 455,000 WALGREENS BOOTS ALLIANCE INC 1.75% 11/17/2017 100,000 99,863 100,393 DETOUR GOLD CORP 5.50% 11/30/2017 205,000 196,713 202,053 KINDER MORGAN INC/DE 2.00% 12/01/2017 190,000 189,783 189,424 NOVELIS INC 8.38% 12/15/2017 165,000 165,418 170,981 TARGA RESOURCES PARTNERS 144A 5.00% 01/15/2018 100,000 100,000 102,250 CITIGROUP INC 1.80% 02/05/2018 770,000 769,415 768,144 CAPITAL ONE NA/MCLEAN VA 0.96% 02/05/2018 560,000 560,000 560,128 CANTOR COMMERCIAL REAL ES 144A 7.75% 02/15/2018 220,000 228,100 229,900 DISH DBS CORP 4.25% 04/01/2018 65,000 68,081 66,138 HERTZ CORP/THE 4.25% 04/01/2018 55,000 55,000 55,688 VIDEOTRON LTD 9.13% 04/15/2018 42,000 41,341 42,735 MORGAN STANLEY 1.58% 04/25/2018 820,000 820,000 831,792 GOLDMAN SACHS GROUP INC/THE 1.48% 04/30/2018 510,000 510,000 515,381 BLUESCOPE STEEL FINANCE L 144A 7.13% 05/01/2018 225,000 227,175 229,500 KEMET CORP 10.50% 05/01/2018 227,000 232,212 229,837 UNITED TECHNOLOGIES CORP 1.78% 05/04/2018 700,000 702,625 702,149 AFFINITY GAMING / AFFINITY GAM 9.00% 05/15/2018 430,000 439,238 427,850 CASH AMERICA INTERNATIONAL INC 5.75% 05/15/2018 130,000 130,000 131,625 PUBLIC SERVICE CO OF NEW MEXIC 7.95% 05/15/2018 230,000 234,161 267,646 AMERICAN EXPRESS CO 0.87% 05/22/2018 510,000 510,000 508,403 GENERAL MOTORS FINANCIAL CO IN 6.75% 06/01/2018 350,000 350,000 390,702 INTERNATIONAL AUTOMOTIVE 144A 9.13% 06/01/2018 145,000 142,600 147,900 REYNOLDS AMERICAN INC 2.30% 06/12/2018 270,000 269,954 272,019 NATIONSTAR MORTGAGE LLC / NATI 6.50% 08/01/2018 55,000 55,000 55,000 SCHAEFFLER HOLDING FINANC 144A 6.88% 08/15/2018 845,000 871,573 874,575 NEW ENTERPRISE STONE & LIME CO 11.00% 09/01/2018 255,000 240,705 226,950 AMERICAN CAPITAL LTD 144A 6.50% 09/15/2018 285,000 289,763 295,688 BUILDING MATERIALS HOLDIN 144A 9.00% 09/15/2018 230,000 238,046 245,525 FRESENIUS MEDICAL CARE US 144A 6.50% 09/15/2018 280,000 311,500 308,000 NBTY INC 9.00% 10/01/2018 345,000 356,500 355,781 PROSPECT HOLDING CO LLC / 144A 10.25% 10/01/2018 150,000 145,743 99,000 WHITING PETROLEUM CORP 6.50% 10/01/2018 5,000 4,977 5,063 GENON ENERGY INC 9.50% 10/15/2018 250,000 242,394 255,000 GOLDMAN SACHS GROUP INC/THE 1.37% 11/15/2018 200,000 200,954 201,772 HANGER INC 7.13% 11/15/2018 345,000 344,500 344,138 SPRINT COMMUNICATIONS INC 144A 9.00% 11/15/2018 120,000 143,474 135,511 IAC/INTERACTIVECORP 4.88% 11/30/2018 95,000 95,000 97,969 31 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE DEBT INSTRUMENTS - OTHER

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) CORPORATE DEBT INSTRUMENTS - OTHER PAR OR INTEREST MATURITY MATURITY CURRENT ISSUER RATE DATE VALUE COST VALUE RIALTO HOLDINGS LLC / RIA 144A 7.00% 12/01/2018 210,000 211,350 218,400 CONVATEC HEALTHCARE E SA 144A 10.50% 12/15/2018 250,000 248,800 263,750 WISE METALS GROUP LLC / W 144A 8.75% 12/15/2018 260,000 268,975 274,625 AT HOME CORP 0.53% 12/28/2018 102,384 4,235 11 HEWLETT-PACKARD CO 1.23% 01/14/2019 440,000 440,000 433,818 HEADWATERS INC 7.25% 01/15/2019 265,000 270,525 275,600 MODULAR SPACE CORP 144A 10.25% 01/31/2019 215,000 173,438 185,975 BB&T CORP 0.94% 02/01/2019 630,000 630,000 629,534 BLUELINE RENTAL FINANCE C 144A 7.00% 02/01/2019 150,000 152,889 154,125 GREAT LAKES DREDGE & DOCK 144A 7.38% 02/01/2019 25,000 24,875 25,500 GREAT LAKES DREDGE & DOCK CORP 7.38% 02/01/2019 380,000 382,519 387,600 VANDER INTERMEDIATE HOLDI 144A 9.75% 02/01/2019 25,000 26,063 24,625 CENTURY INTERMEDIATE HOLD 144A 9.75% 02/15/2019 145,000 149,713 150,800 KRATON POLYMERS LLC / KRATON P 6.75% 03/01/2019 200,000 202,500 204,376 BANK OF AMERICA CORP 1.15% 04/01/2019 300,000 300,000 300,549 INTELSAT JACKSON HOLDINGS SA 7.25% 04/01/2019 140,000 140,000 142,100 AEP INDUSTRIES INC 8.25% 04/15/2019 230,000 234,575 234,025 IGATE CORP 4.75% 04/15/2019 90,000 90,240 93,263 T-MOBILE USA INC 6.46% 04/28/2019 90,000 91,800 92,700 COMMUNITY CHOICE FINANCIAL INC 10.75% 05/01/2019 225,000 225,087 115,031 FLORIDA EAST COAST HOLDIN 144A 6.75% 05/01/2019 490,000 496,413 491,225 KRATOS DEFENSE & SECURITY SOLU 7.00% 05/15/2019 315,000 315,236 287,044 CARLSON WAGONLIT BV 144A 6.88% 06/15/2019 720,000 736,846 758,880 HUGHES SATELLITE SYSTEMS CORP 6.50% 06/15/2019 216,000 220,208 234,360 RIVERS PITTSBURGH BORROWE 144A 9.50% 06/15/2019 191,000 206,758 200,789 VERIZON COMMUNICATIONS INC 1.05% 06/17/2019 410,000 410,000 407,425 AAF HOLDINGS LLC/AAF FINA 144A 12.00% 07/01/2019 280,847 276,277 277,337 AV HOMES INC 8.50% 07/01/2019 235,000 235,000 227,363 CROWN MEDIA HOLDINGS INC 10.50% 07/15/2019 175,000 175,638 184,844 MORGAN STANLEY 1.03% 07/23/2019 310,000 310,000 307,908 MTR GAMING GROUP INC 11.50% 08/01/2019 79,895 82,670 84,988 CARLSON TRAVEL HOLDINGS I 144A 7.50% 08/15/2019 560,000 571,119 568,400 TRAC INTERMODAL LLC / TRAC INT 11.00% 08/15/2019 255,000 258,938 275,400 AMERIGAS PARTNERS LP / AMERIGA 6.25% 08/20/2019 45,000 45,000 45,900 HCA INC 4.25% 10/15/2019 85,000 85,150 87,019 TESORO LOGISTICS LP / TES 144A 5.50% 10/15/2019 80,000 80,000 83,000 ALLIED SPECIALTY VEHICLES 144A 8.50% 11/01/2019 295,000 298,136 306,800 RADIO SYSTEMS CORP 144A 8.38% 11/01/2019 265,000 290,775 280,900 CFG HOLDINGS LTD / CFG FI 144A 11.50% 11/15/2019 235,000 233,050 233,238 EVRAZ INC NA CANADA 144A 7.50% 11/15/2019 205,000 204,788 201,925 SHALE-INLAND HOLDINGS LLC 144A 8.75% 11/15/2019 150,000 149,028 111,000 KOPPERS INC 7.88% 12/01/2019 200,000 198,252 202,000 CTP TRANSPORTATION PRODUC 144A 8.25% 12/15/2019 170,000 170,644 175,950 ONEMAIN FINANCIAL HOLDING 144A 6.75% 12/15/2019 65,000 65,000 67,763 CALIFORNIA RESOURCES CORP 5.00% 01/15/2020 205,000 177,560 180,400 SUMMIT MATERIALS LLC / SUMMIT 10.50% 01/31/2020 296,000 325,293 323,010 SABLE INTERNATIONAL FINAN 144A 8.75% 02/01/2020 105,000 105,000 112,350 WELLS ENTERPRISES INC 144A 6.75% 02/01/2020 171,000 176,136 174,848 FORD HOLDINGS LLC 9.38% 03/01/2020 30,000 25,913 37,766 SPRINT COMMUNICATIONS INC 144A 7.00% 03/01/2020 225,000 259,819 244,733 COMSTOCK RESOURCES INC 144A 10.00% 03/15/2020 285,000 279,500 257,093 KCG HOLDINGS INC 144A 6.88% 03/15/2020 85,000 84,118 82,025 SPECTRUM BRANDS INC 6.75% 03/15/2020 25,000 25,000 26,325 ALLIANCE DATA SYSTEMS COR 144A 6.38% 04/01/2020 315,000 318,225 325,238 32 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE DEBT INSTRUMENTS - OTHER

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) CORPORATE DEBT INSTRUMENTS - OTHER PAR OR INTEREST MATURITY MATURITY CURRENT ISSUER RATE DATE VALUE COST VALUE AURICO GOLD INC 144A 7.75% 04/01/2020 275,000 272,031 276,375 MALLINCKRODT INTERNATIONA 144A 4.88% 04/15/2020 40,000 40,000 40,702 NEW GOLD INC 144A 7.00% 04/15/2020 245,000 250,319 253,575 EXIDE TECHNOLOGIES 11.00% 04/30/2020 9,750 - 8,214 COGECO CABLE INC 144A 4.88% 05/01/2020 185,000 186,394 187,775 FLORIDA EAST COAST HOLDIN 144A 9.75% 05/01/2020 225,000 226,513 213,188 IRONSHORE HOLDINGS US INC 144A 8.50% 05/15/2020 175,000 175,380 205,814 TRANSFIELD SERVICES LTD 144A 8.38% 05/15/2020 245,000 248,006 260,925 CNO FINANCIAL GROUP INC 4.50% 05/30/2020 30,000 30,000 30,450 KAISER ALUMINUM CORP 8.25% 06/01/2020 205,000 205,000 221,913 PENN VIRGINIA RESOURCE PARTNER 8.38% 06/01/2020 105,000 105,000 113,925 FTS INTERNATIONAL INC 144A 7.78% 06/15/2020 55,000 54,450 54,730 SBA TELECOMMUNICATIONS INC 5.75% 07/15/2020 75,000 78,375 77,813 HOLOGIC INC 6.25% 08/01/2020 120,000 120,000 124,128 ACI WORLDWIDE INC 144A 6.38% 08/15/2020 355,000 376,100 373,638 POLYONE CORP 7.38% 09/15/2020 140,000 140,000 146,300 CONTINENTAL RESOURCES INC/OK 7.38% 10/01/2020 135,000 134,325 141,075 NATIONSTAR MORTGAGE LLC / NATI 7.88% 10/01/2020 99,000 100,166 98,752 TARGA RESOURCES PARTNERS 144A 6.63% 10/01/2020 280,000 287,575 291,200 VALEANT PHARMACEUTICALS I 144A 7.00% 10/01/2020 90,000 91,856 93,600 INTELSAT JACKSON HOLDINGS SA 7.25% 10/15/2020 290,000 297,700 286,738 TRANSDIGM INC 5.50% 10/15/2020 185,000 185,000 183,844 WOLVERINE WORLD WIDE INC 6.13% 10/15/2020 175,000 175,000 185,500 BOISE CASCADE CO 6.38% 11/01/2020 215,000 216,375 226,556 GLP CAPITAL LP / GLP FINANCING 4.88% 11/01/2020 14 14 14 MATTAMY GROUP CORP 144A 6.50% 11/15/2020 285,000 283,873 275,025 SPECTRUM BRANDS INC 6.38% 11/15/2020 60,000 60,000 63,450 WELLCARE HEALTH PLANS INC 5.75% 11/15/2020 105,000 105,000 109,200 REX ENERGY CORP 8.88% 12/01/2020 243,057 237,684 218,751 A-S CO-ISSUER SUBSIDIARY 144A 7.88% 12/15/2020 180,000 181,125 189,900 BRIGGS & STRATTON CORP 6.88% 12/15/2020 135,000 148,838 146,475 BROOKFIELD RESIDENTIAL PR 144A 6.50% 12/15/2020 225,000 225,825 223,970 NOVELIS INC 8.75% 12/15/2020 65,000 65,053 68,738 ATLAS ENERGY HOLDINGS OPERATIN 7.75% 01/15/2021 70,000 69,650 51,100 CONCHO RESOURCES INC 7.00% 01/15/2021 255,000 255,000 266,794 USI INC/NY 144A 7.75% 01/15/2021 200,000 200,000 203,000 VIRGIN MEDIA SECURED FINANCE P 5.25% 01/15/2021 680,000 714,456 717,400 DIGITALGLOBE INC 144A 5.25% 02/01/2021 325,000 314,969 318,094 GIBRALTAR INDUSTRIES INC 6.25% 02/01/2021 180,000 185,850 184,050 NETFLIX INC 5.38% 02/01/2021 85,000 87,550 88,188 NUSTAR LOGISTICS LP 6.75% 02/01/2021 115,000 123,338 123,913 ASHTON WOODS USA LLC / AS 144A 6.88% 02/15/2021 240,000 236,868 223,200 GEO GROUP INC/THE 6.63% 02/15/2021 240,000 268,800 250,800 NCR CORP 4.63% 02/15/2021 180,000 180,000 180,450 AEROJET ROCKETDYNE HOLDINGS IN 7.13% 03/15/2021 360,000 380,775 383,400 CATAMARAN CORP 4.75% 03/15/2021 155,000 155,000 171,663 CONTINENTAL RESOURCES INC/OK 7.13% 04/01/2021 15,000 15,713 15,938 COPANO ENERGY LLC / COPANO ENE 7.13% 04/01/2021 147,000 148,078 155,652 FIDELITY & GUARANTY LIFE 144A 6.38% 04/01/2021 255,000 256,750 265,200 FIRST CASH FINANCIAL SERVICES 6.75% 04/01/2021 115,000 115,000 121,038 INTELSAT JACKSON HOLDINGS SA 7.50% 04/01/2021 85,000 85,000 84,044 L BRANDS INC 6.63% 04/01/2021 185,000 188,800 203,385 T-MOBILE USA INC 6.25% 04/01/2021 70,000 70,650 71,750 CALUMET SPECIALTY PRODUCTS PAR 6.50% 04/15/2021 590,000 584,972 581,150 33 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE DEBT INSTRUMENTS - OTHER

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) CORPORATE DEBT INSTRUMENTS - OTHER PAR OR INTEREST MATURITY MATURITY CURRENT ISSUER RATE DATE VALUE COST VALUE COGENT COMMUNICATIONS FIN 144A 5.63% 04/15/2021 320,000 319,019 304,000 BUILDING MATERIALS CORP O 144A 6.75% 05/01/2021 185,000 190,163 192,863 HECLA MINING CO 6.88% 05/01/2021 390,000 385,874 369,038 BRUNSWICK CORP/DE 144A 4.63% 05/15/2021 270,000 273,788 268,650 PENN VIRGINIA RESOURCE PARTNER 6.50% 05/15/2021 140,000 140,000 148,750 SCHAEFFLER FINANCE BV 144A 4.75% 05/15/2021 395,000 396,700 396,975 SCHAEFFLER FINANCE BV 144A 4.25% 05/15/2021 200,000 197,000 195,000 EDGEWELL PERSONAL CARE CO 4.70% 05/19/2021 160,000 162,200 161,984 AMERIGAS PARTNERS LP / AMERIGA 6.50% 05/20/2021 105,000 105,000 109,200 B&G FOODS INC 4.63% 06/01/2021 210,000 209,331 206,850 DRIVETIME AUTOMOTIVE GROU 144A 8.00% 06/01/2021 99,000 99,368 94,545 OPTIMAS OE SOLUTIONS HOLD 144A 8.63% 06/01/2021 160,000 160,975 162,400 COMMSCOPE INC 144A 5.00% 06/15/2021 40,000 40,000 39,000 HUGHES SATELLITE SYSTEMS CORP 7.63% 06/15/2021 345,000 385,271 379,569 OUTERWALL INC 5.88% 06/15/2021 295,000 293,531 275,825 PROVIDENT FUNDING ASSOCIA 144A 6.75% 06/15/2021 135,000 135,000 128,925 VULCAN MATERIALS CO 7.50% 06/15/2021 75,000 75,000 86,250 SUMMIT MIDSTREAM HOLDINGS LLC 7.50% 07/01/2021 255,000 259,163 267,113 AMERICAN EQUITY INVESTMENT LIF 6.63% 07/15/2021 225,000 225,000 237,938 NATIONAL FINANCIAL PARTNE 144A 9.00% 07/15/2021 140,000 149,595 138,250 VALEANT PHARMACEUTICALS I 144A 7.50% 07/15/2021 45,000 49,050 48,431 DRAWBRIDGE SPECIAL OPPORT 144A 5.00% 08/01/2021 255,000 252,201 255,000 LADDER CAPITAL FINANCE HO 144A 5.88% 08/01/2021 185,000 182,563 179,913 KEHE DISTRIBUTORS LLC / K 144A 7.63% 08/15/2021 180,000 186,775 189,000 WILLIAM CARTER CO/THE 5.25% 08/15/2021 180,000 182,250 184,500 ACTIVISION BLIZZARD INC 144A 5.63% 09/15/2021 85,000 85,000 89,038 AERCAP IRELAND CAPITAL LT 144A 5.00% 10/01/2021 150,000 150,000 154,313 ALLEGION US HOLDING CO INC 5.75% 10/01/2021 220,000 222,731 227,150 ANIXTER INC 5.13% 10/01/2021 125,000 125,450 127,188 FORUM ENERGY TECHNOLOGIES INC 6.25% 10/01/2021 285,000 289,225 282,150 HOWARD HUGHES CORP/THE 144A 6.88% 10/01/2021 190,000 194,621 201,400 ORBITAL ATK INC 144A 5.25% 10/01/2021 110,000 112,475 112,200 PLASTIPAK HOLDINGS INC 144A 6.50% 10/01/2021 220,000 220,000 223,850 HILTON WORLDWIDE FINANCE LLC / 5.63% 10/15/2021 235,000 236,375 244,095 ANR PIPELINE CO 9.63% 11/01/2021 125,000 153,077 164,729 ANTERO RESOURCES CORP 5.38% 11/01/2021 150,000 150,600 144,000 VALEANT PHARMACEUTICALS I 144A 5.63% 12/01/2021 115,000 116,094 117,588 CHURCHILL DOWNS INC 5.38% 12/15/2021 220,000 222,750 225,500 NCR CORP 5.88% 12/15/2021 30,000 30,900 30,900 ONEMAIN FINANCIAL HOLDING 144A 7.25% 12/15/2021 120,000 120,000 124,350 WESCO DISTRIBUTION INC 5.38% 12/15/2021 235,000 237,375 237,350 WOODSIDE HOMES CO LLC / W 144A 6.75% 12/15/2021 145,000 144,567 137,025 EQUINIX INC 5.38% 01/01/2022 265,000 266,925 265,663 T-MOBILE USA INC 6.13% 01/15/2022 190,000 194,500 196,175 WPX ENERGY INC 6.00% 01/15/2022 103,000 103,496 101,713 DPX HOLDINGS BV 144A 7.50% 02/01/2022 190,000 191,550 198,075 AIRCASTLE LTD 5.50% 02/15/2022 85,000 85,000 86,754 HCA INC 7.50% 02/15/2022 45,000 45,000 51,694 NETFLIX INC 144A 5.50% 02/15/2022 205,000 207,438 211,663 OUTFRONT MEDIA CAPITAL LLC / O 5.25% 02/15/2022 75,000 75,396 75,938 AMERICAN TIRE DISTRIBUTOR 144A 10.25% 03/01/2022 220,000 220,000 234,850 GRIFFON CORP 5.25% 03/01/2022 155,000 153,506 154,225 OSHKOSH CORP 5.38% 03/01/2022 130,000 130,688 132,925 AMSTED INDUSTRIES INC 144A 5.00% 03/15/2022 155,000 155,000 154,806 34 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE DEBT INSTRUMENTS - OTHER

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) CORPORATE DEBT INSTRUMENTS - OTHER PAR OR INTEREST MATURITY MATURITY CURRENT ISSUER RATE DATE VALUE COST VALUE SPIRIT AEROSYSTEMS INC 5.25% 03/15/2022 245,000 245,144 252,963 TREEHOUSE FOODS INC 4.88% 03/15/2022 130,000 130,000 130,975 CIMPRESS NV 144A 7.00% 04/01/2022 270,000 272,469 277,425 GRIFOLS WORLDWIDE OPERATIONS L 5.25% 04/01/2022 235,000 235,900 235,588 MPH ACQUISITION HOLDINGS 144A 6.63% 04/01/2022 490,000 496,575 500,413 CONSOL ENERGY INC 5.88% 04/15/2022 315,000 313,889 267,750 CROWN CASTLE INTERNATIONAL COR 4.88% 04/15/2022 65,000 64,482 65,650 ENQUEST PLC 144A 7.00% 04/15/2022 455,000 409,838 359,450 NIELSEN FINANCE LLC / NIE 144A 5.00% 04/15/2022 510,000 511,406 499,800 TIME INC 144A 5.75% 04/15/2022 80,000 78,400 77,400 UNITED RENTALS NORTH AMERICA I 7.63% 04/15/2022 285,000 298,763 308,513 T-MOBILE USA INC 6.73% 04/28/2022 114,000 112,860 118,845 ZF NORTH AMERICA CAPITAL 144A 4.50% 04/29/2022 150,000 148,890 146,933 FTS INTERNATIONAL INC 6.25% 05/01/2022 230,000 236,038 169,050 TRINSEO MATERIALS OPERATI 144A 6.75% 05/01/2022 120,000 121,900 122,400 CENTENE CORP 4.75% 05/15/2022 75,000 75,000 77,250 CENTURY COMMUNITIES INC 6.88% 05/15/2022 155,000 157,713 152,288 CENTURY COMMUNITIES INC 144A 6.88% 05/15/2022 65,000 63,742 63,863 NUMERICABLE-SFR SAS 144A 6.00% 05/15/2022 400,000 398,000 394,252 AMERIGAS FINANCE LLC / AMERIGA 7.00% 05/20/2022 85,000 85,000 90,100 EDGEWELL PERSONAL CARE CO 4.70% 05/24/2022 80,000 80,600 80,222 GROUP 1 AUTOMOTIVE INC 5.00% 06/01/2022 200,000 199,325 199,000 ACTUANT CORP 5.63% 06/15/2022 75,000 75,000 76,313 XPO LOGISTICS INC 144A 6.50% 06/15/2022 160,000 160,000 156,600 BROOKFIELD RESIDENTIAL PR 144A 6.13% 07/01/2022 40,000 41,650 39,400 CHOICE HOTELS INTERNATIONAL IN 5.75% 07/01/2022 218,000 224,786 236,258 ASHTEAD CAPITAL INC 144A 6.50% 07/15/2022 170,000 181,008 180,200 C&S GROUP ENTERPRISES LLC 144A 5.38% 07/15/2022 420,000 410,833 394,800 DISH DBS CORP 5.88% 07/15/2022 120,000 120,125 117,600 HOLOGIC INC 144A 5.25% 07/15/2022 105,000 105,313 107,231 NCR CORP 5.00% 07/15/2022 255,000 254,456 258,506 SONIC AUTOMOTIVE INC 7.00% 07/15/2022 125,000 124,519 135,313 TRANSDIGM INC 6.00% 07/15/2022 100,000 100,000 98,750 VIDEOTRON LTD 5.00% 07/15/2022 145,000 145,150 144,638 REX ENERGY CORP 6.25% 08/01/2022 110,000 89,325 86,900 CSI COMPRESSCO LP / COMPR 144A 7.25% 08/15/2022 125,000 123,544 119,375 OLIN CORP 5.50% 08/15/2022 220,000 221,110 222,200 BELDEN INC 144A 5.50% 09/01/2022 495,000 496,925 491,288 CONTINENTAL RESOURCES INC/OK 5.00% 09/15/2022 80,000 75,000 78,450 ENPRO INDUSTRIES INC 5.88% 09/15/2022 215,000 216,690 218,763 CCO HOLDINGS LLC / CCO HOLDING 5.25% 09/30/2022 230,000 216,521 226,550 PENSKE AUTOMOTIVE GROUP INC 5.75% 10/01/2022 145,000 145,000 150,800 RSP PERMIAN INC 144A 6.63% 10/01/2022 80,000 80,335 81,800 WHITEWAVE FOODS CO/THE 5.38% 10/01/2022 140,000 140,675 147,700 AECOM 144A 5.75% 10/15/2022 30,000 30,300 30,375 PDC ENERGY INC 7.75% 10/15/2022 258,000 242,659 269,610 TESORO LOGISTICS LP / TES 144A 6.25% 10/15/2022 80,000 80,000 82,800 ZEBRA TECHNOLOGIES CORP 144A 7.25% 10/15/2022 195,000 195,000 211,088 IHS INC 144A 5.00% 11/01/2022 400,000 404,300 397,500 E*TRADE FINANCIAL CORP 5.38% 11/15/2022 155,000 155,075 158,875 LAND O' LAKES INC 144A 6.00% 11/15/2022 320,000 326,713 340,000 NEW GOLD INC 144A 6.25% 11/15/2022 290,000 292,975 286,375 SCHAEFFLER HOLDING FINANC 144A 6.75% 11/15/2022 335,000 338,000 361,381 SM ENERGY CO 144A 6.13% 11/15/2022 70,000 70,000 71,939 35 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE DEBT INSTRUMENTS - OTHER

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) CORPORATE DEBT INSTRUMENTS - OTHER PAR OR INTEREST MATURITY MATURITY CURRENT ISSUER RATE DATE VALUE COST VALUE SPECTRUM BRANDS INC 6.63% 11/15/2022 55,000 55,000 58,575 STONE ENERGY CORP 7.50% 11/15/2022 700,000 667,150 609,000 IAC/INTERACTIVECORP 4.75% 12/15/2022 205,000 200,425 200,900 SM ENERGY CO 6.50% 01/01/2023 50,000 50,000 51,250 CROWN CASTLE INTERNATIONAL COR 5.25% 01/15/2023 775,000 787,727 780,619 ENDO FINANCE LLC / ENDO F 144A 5.38% 01/15/2023 30,000 29,925 29,625 KINDRED HEALTHCARE INC 144A 8.75% 01/15/2023 40,000 40,000 43,450 QUEBECOR MEDIA INC 5.75% 01/15/2023 540,000 541,625 538,650 WEEKLEY HOMES LLC / WEEKLEY FI 6.00% 02/01/2023 190,000 190,000 179,550 WEX INC 144A 4.75% 02/01/2023 160,000 155,200 154,400 CCO HOLDINGS LLC / CCO HOLDING 5.13% 02/15/2023 115,000 115,913 112,125 JAMES HARDIE INTERNATIONA 144A 5.88% 02/15/2023 110,000 109,134 113,300 DOLLAR TREE INC 144A 5.75% 03/01/2023 330,000 336,963 344,850 FELCOR LODGING LP 5.63% 03/01/2023 105,000 109,594 107,888 CBRE SERVICES INC 5.00% 03/15/2023 255,000 251,313 257,550 CREDIT ACCEPTANCE CORP 144A 7.38% 03/15/2023 110,000 109,193 113,575 MASONITE INTERNATIONAL CO 144A 5.63% 03/15/2023 40,000 40,000 40,650 POLYONE CORP 5.25% 03/15/2023 265,000 260,475 262,350 RSI HOME PRODUCTS INC 144A 6.50% 03/15/2023 140,000 140,000 141,050 AVIS BUDGET CAR RENTAL LLC / A 5.50% 04/01/2023 355,000 354,800 350,563 EQUINIX INC 5.38% 04/01/2023 136,000 135,345 136,000 T-MOBILE USA INC 6.63% 04/01/2023 500,000 502,265 519,375 CARRIZO OIL & GAS INC 6.25% 04/15/2023 195,000 195,875 195,488 EXAMWORKS GROUP INC 5.63% 04/15/2023 90,000 90,188 92,282 MATADOR RESOURCES CO 144A 6.88% 04/15/2023 55,000 55,000 56,169 CCO HOLDINGS LLC / CCO HO 144A 5.13% 05/01/2023 215,000 215,000 209,088 HCA INC 5.88% 05/01/2023 50,000 51,719 53,125 COMMERCIAL METALS CO 4.88% 05/15/2023 17,000 16,770 15,980 LKQ CORP 4.75% 05/15/2023 200,000 192,000 190,750 QUINTILES TRANSNATIONAL C 144A 4.88% 05/15/2023 135,000 135,401 135,675 SCHAEFFLER FINANCE BV 144A 4.75% 05/15/2023 200,000 200,000 195,000 STERIGENICS-NORDION HOLDI 144A 6.50% 05/15/2023 50,000 50,000 50,750 VALEANT PHARMACEUTICALS I 144A 5.88% 05/15/2023 535,000 535,000 548,375 A SCHULMAN INC 144A 6.88% 06/01/2023 195,000 196,731 198,900 DUPONT FABROS TECHNOLOGY LP 5.63% 06/15/2023 80,000 79,364 78,800 FERRELLGAS LP / FERRELLGA 144A 6.75% 06/15/2023 80,000 80,000 80,400 INGLES MARKETS INC 5.75% 06/15/2023 160,000 160,000 162,608 TENET HEALTHCARE CORP 144A 6.75% 06/15/2023 160,000 159,200 163,200 ENDO LTD / ENDO FINANCE L 144A 6.00% 07/15/2023 125,000 125,000 127,813 SUMMIT MATERIALS LLC / SU 144A 6.13% 07/15/2023 120,000 120,000 120,000 UNITED RENTALS NORTH AMERICA I 4.63% 07/15/2023 95,000 95,000 93,157 INTELSAT JACKSON HOLDINGS SA 5.50% 08/01/2023 50,000 47,125 44,275 MICRON TECHNOLOGY INC 144A 5.25% 08/01/2023 155,000 155,000 148,606 ALLEGHENY TECHNOLOGIES INC 6.13% 08/15/2023 120,000 119,989 122,250 MURPHY OIL USA INC 6.00% 08/15/2023 180,000 180,675 186,750 ACTIVISION BLIZZARD INC 144A 6.13% 09/15/2023 80,000 84,800 85,800 E*TRADE FINANCIAL CORP 4.63% 09/15/2023 75,000 75,000 73,687 L BRANDS INC 5.63% 10/15/2023 100,000 100,000 105,000 NCR CORP 6.38% 12/15/2023 150,000 150,200 159,000 LAMAR MEDIA CORP 5.38% 01/15/2024 115,000 117,588 116,294 T-MOBILE USA INC 6.50% 01/15/2024 250,000 252,150 258,125 ANR PIPELINE CO 7.38% 02/15/2024 70,000 64,400 85,450 OUTFRONT MEDIA CAPITAL LL 144A 5.63% 02/15/2024 25,000 25,938 25,563 OUTFRONT MEDIA CAPITAL LLC / O 5.63% 02/15/2024 110,000 110,613 112,475 36 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE DEBT INSTRUMENTS - OTHER

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) CORPORATE DEBT INSTRUMENTS - OTHER PAR OR INTEREST MATURITY MATURITY CURRENT ISSUER RATE DATE VALUE COST VALUE NETFLIX INC 5.75% 03/01/2024 40,000 42,000 41,100 HCA INC 5.00% 03/15/2024 205,000 209,000 208,588 HCA INC 8.36% 04/15/2024 15,000 15,300 17,700 MPT OPERATING PARTNERSHIP LP / 5.50% 05/01/2024 100,000 100,057 103,000 COMMSCOPE INC 144A 5.50% 06/15/2024 30,000 30,000 29,175 SPRINT CORP 7.13% 06/15/2024 175,000 167,064 162,330 TELEFLEX INC 5.25% 06/15/2024 155,000 155,000 156,969 VIDEOTRON LTD 144A 5.38% 06/15/2024 245,000 245,600 245,000 NEWFIELD EXPLORATION CO 5.63% 07/01/2024 260,000 260,000 262,600 BELDEN INC 144A 5.25% 07/15/2024 120,000 120,616 116,400 TRANSDIGM INC 6.50% 07/15/2024 40,000 40,198 39,500 AECOM 144A 5.88% 10/15/2024 155,000 155,413 157,131 HEALTHSOUTH CORP 5.75% 11/01/2024 135,000 139,894 137,869 DISH DBS CORP 5.88% 11/15/2024 95,000 94,648 91,260 MSCI INC 144A 5.25% 11/15/2024 115,000 117,731 116,438 PENSKE AUTOMOTIVE GROUP INC 5.38% 12/01/2024 125,000 125,000 126,563 ASBURY AUTOMOTIVE GROUP INC 6.00% 12/15/2024 215,000 215,125 223,600 EQUINIX INC 5.75% 01/01/2025 155,000 154,150 153,450 ENDO LTD / ENDO FINANCE L 144A 6.00% 02/01/2025 130,000 130,238 132,113 HCA INC 5.38% 02/01/2025 240,000 243,281 243,912 MICRON TECHNOLOGY INC 144A 5.50% 02/01/2025 270,000 269,044 252,990 OSHKOSH CORP 5.38% 03/01/2025 100,000 100,000 100,000 T-MOBILE USA INC 6.38% 03/01/2025 425,000 425,750 434,563 CBRE SERVICES INC 5.25% 03/15/2025 155,000 154,825 160,425 CENTURYLINK INC 144A 5.63% 04/01/2025 195,000 195,000 175,988 VERISIGN INC 144A 5.25% 04/01/2025 140,000 140,125 139,650 GCI INC 6.88% 04/15/2025 95,000 94,150 95,950 HCA INC 5.25% 04/15/2025 180,000 180,235 187,200 MALLINCKRODT INTERNATIONA 144A 5.50% 04/15/2025 120,000 121,799 116,400 VALEANT PHARMACEUTICALS I 144A 6.13% 04/15/2025 485,000 488,000 498,944 EXIDE TECHNOLOGIES 7.00% 04/30/2025 214,500 195,000 148,005 BROOKFIELD RESIDENTIAL PR 144A 6.38% 05/15/2025 95,000 95,000 93,100 TRANSDIGM INC 144A 6.50% 05/15/2025 65,000 65,000 64,350 CNO FINANCIAL GROUP INC 5.25% 05/30/2025 30,000 30,000 30,486 FELCOR LODGING LP 144A 6.00% 06/01/2025 60,000 60,000 60,900 MARKWEST ENERGY PARTNERS LP / 4.88% 06/01/2025 192,000 190,130 187,680 COMMSCOPE TECHNOLOGIES FI 144A 6.00% 06/15/2025 130,000 130,481 129,513 HCA INC 7.58% 09/15/2025 20,000 18,900 22,100 SENSATA TECHNOLOGIES BV 144A 5.00% 10/01/2025 120,000 120,000 116,850 SMURFIT KAPPA TREASURY FUNDING 7.50% 11/20/2025 746,000 749,378 917,580 NORTHWEST PIPELINE LLC 7.13% 12/01/2025 110,000 122,183 135,154 ALLEGHENY LUDLUM CORP 6.95% 12/15/2025 55,000 47,026 57,613 VIRGIN MEDIA SECURED FINA 144A 5.25% 01/15/2026 85,000 85,000 82,131 FAIRFAX FINANCIAL HOLDINGS LTD 8.30% 04/15/2026 10,000 9,154 12,132 NRG REMA LLC 9.68% 07/02/2026 170,000 197,780 183,175 FORD HOLDINGS LLC 9.30% 03/01/2030 55,000 56,100 80,887

37 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE DEBT INSTRUMENTS - OTHER

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) CORPORATE DEBT INSTRUMENTS - OTHER PAR OR INTEREST MATURITY MATURITY CURRENT ISSUER RATE DATE VALUE COST VALUE BELLA VISTA MORTGAGE TRUS 1 3A 2.60% 02/22/2035 168,835 168,426 154,557 VULCAN MATERIALS CO 7.15% 11/30/2037 105,000 119,963 114,450 LUMBERMENS MUTUAL CASUALT 144A 8.30% 12/01/2037 235,000 64,825 121 GROSVENOR INSTITUTIONAL PARTNERS LP - CORPORATE DEBT INSTRUMENTS OTHER - 4,971,209 6,271,050 LOOMIS SAYLES CREDIT LONG/SHORT FUND (OFFSHORE) LTD - CORPORATE DEBT INSTRUMENTS OTHER - 37,780,333 38,943,296

$ 103,379,321 $ 146,918,909 $ 149,128,272

38 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE STOCK - PREFERRED

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (c) - (b) DESCRIPTION (d) (e) PREFERRED STOCK CURRENT ISSUER COST VALUE LOOMIS SAYLES CREDIT LONG/SHORT FUND (OFFSHORE) LTD - CORPORATE STOCK PREFERRED $ 1,918,601 $ 1,977,660

$ 1,918,601 $ 1,977,660

39 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (c) - (b) DESCRIPTION (d) (e) COMMON STOCK NO. OF CURRENT ISSUER SHARES COST VALUE 1ST SOURCE CORP 726 $ 16,524 $ 24,771 3M CO 3,400 538,486 524,620 A H BELO CORP 880 6,615 4,928 A SCHULMAN INC 1,121 47,003 49,010 AAR CORP 2,292 50,298 73,046 AARON'S INC 10,000 271,922 362,100 ABBVIE INC 5,400 139,233 362,826 ABBVIE INC 60,260 3,119,010 4,048,869 ABIOMED INC 205 12,962 13,475 ABM INDUSTRIES INC 2,512 58,105 82,569 ACADIA REALTY TRUST 491 8,822 14,293 ACCESS NATIONAL CORP 447 5,650 8,690 ACCO BRANDS CORP 5,744 45,811 44,631 ACCURIDE CORP 3,936 13,121 15,154 ACTUANT CORP 7,185 220,706 165,902 ACTUANT CORP 1,725 48,660 39,830 ADDUS HOMECARE CORP 915 20,923 25,492 ADELPHIA RECOVERY TRUST 144,225 69,921 69,921 ADIDAS AG 69,899 2,363,347 2,673,287 ADOBE SYSTEMS INC 22,300 1,694,593 1,806,523 ADTRAN INC 3,498 72,975 56,843 ADVANCED DRAINAGE SYSTEMS INC 203 3,603 5,954 ADVANCED ENERGY INDUSTRIES INC 1,541 21,047 42,362 ADVANTA CORP 386 3,975 1 ADVENT SOFTWARE INC 200 4,852 8,842 ADVISORY BOARD CO/THE 549 12,707 30,014 AEGION CORP 947 21,693 17,936 AEP INDUSTRIES INC 168 5,730 9,274 AES CORP/VA 175,000 1,991,113 2,320,500 AETNA INC 10,100 327,653 1,287,346 AETNA INC 1,600 182,589 203,936 AFLAC INC 6,700 325,382 416,740 AG MORTGAGE INVESTMENT TRUST I 2,800 54,553 48,384 AGILENT TECHNOLOGIES INC 5,300 209,170 204,474 AGILYSYS INC 252 3,670 2,313 AIR LEASE CORP 3,325 111,893 112,717 AIR TRANSPORT SERVICES GROUP I 3,745 15,845 39,285 AIRCASTLE LTD 2,269 29,609 51,438 ALASKA AIR GROUP INC 790 33,130 50,900 ALBANY INTERNATIONAL CORP 27,655 733,708 1,100,669 ALBANY INTERNATIONAL CORP 1,443 34,723 57,431 ALCOA INC 80,000 1,197,111 892,000 ALCOA INC 11,500 133,658 128,225 ALEXANDER & BALDWIN INC 223 9,050 8,786 ALIBABA GROUP HOLDING LTD 54,663 5,088,324 4,497,125 ALLEGIANT TRAVEL CO 130 23,531 23,124 ALLERGAN PLC 11,425 1,768,508 3,467,031 ALLETE INC 764 38,379 35,442 ALLIANCE HEALTHCARE SERVICES I 1,612 39,414 30,128 ALLISON TRANSMISSION HOLDINGS 7,600 237,175 222,376 ALLSTATE CORP/THE 15,500 599,588 1,005,485 ALLY FINANCIAL INC 6,400 146,758 143,552 ALMOST FAMILY INC 1,185 31,939 47,293 40 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (c) - (b) DESCRIPTION (d) (e) COMMON STOCK NO. OF CURRENT ISSUER SHARES COST VALUE ALON USA ENERGY INC 1,768 26,219 33,415 ALPHA & OMEGA SEMICONDUCTOR LT 1,287 12,032 11,248 ALTERA CORP 20,000 1,031,790 1,024,000 ALTERA CORP 4,641 158,199 237,619 ALTRA INDUSTRIAL MOTION CORP 21,295 651,925 578,798 ALTRIA GROUP INC 37,500 951,084 1,834,125 AMAG PHARMACEUTICALS INC 5,656 269,571 390,603 AMAZON.COM INC 20,224 6,429,512 8,779,036 AMC ENTERTAINMENT HOLDINGS INC 2,211 67,360 67,833 AMC NETWORKS INC 8,000 192,199 654,800 AMCORE FINANCIAL INC 1,913 19,953 2 AMEDISYS INC 57 1,300 2,265 AMERCO 190 23,310 62,113 AMERESCO INC 659 5,560 5,041 AMERICAN ASSETS TRUST INC 856 28,725 33,564 AMERICAN ELECTRIC POWER CO INC 17,100 757,801 905,787 AMERICAN EXPRESS CO 38,000 1,379,180 2,953,360 AMERICAN EXPRESS CO 14,887 1,357,670 1,157,018 AMERICAN FINANCIAL GROUP INC/O 9,900 152,007 643,896 AMERICAN NATIONAL BANKSHARES I 154 3,319 3,667 AMERICAN PUBLIC EDUCATION INC 892 30,502 22,942 AMERICAN SCIENCE & ENGINEERING 668 37,146 29,265 AMERICA'S CAR-MART INC/TX 246 12,966 12,133 AMERIPRISE FINANCIAL INC 5,700 224,157 712,101 AMERIS BANCORP 244 3,525 6,171 AMERISAFE INC 507 11,002 23,859 AMERISOURCEBERGEN CORP 15,400 1,518,240 1,637,636 AMETEK INC 21,120 976,122 1,156,954 AMGEN INC 6,700 358,072 1,028,584 AMGEN INC 15,683 2,075,193 2,407,654 AMGEN INC 5,800 902,080 890,416 AMKOR TECHNOLOGY INC 11,720 88,688 70,086 AMN HEALTHCARE SERVICES INC 773 9,718 24,419 AMPCO-PITTSBURGH CORP 4,779 62,887 72,258 AMSURG CORP 605 32,506 42,320 ANADARKO PETROLEUM CORP 22,500 1,732,950 1,756,350 ANALOG DEVICES INC 21,220 1,341,531 1,362,006 ANALOG DEVICES INC 8,665 450,384 556,163 ANDERSONS INC/THE 1,070 43,711 41,730 ANGIODYNAMICS INC 1,935 29,320 31,734 ANTHEM INC 8,500 608,836 1,395,190 ANTHEM INC 12,500 1,373,884 2,051,750 ANWORTH MORTGAGE ASSET CORP 7,603 40,040 37,483 APACHE CORP 7,500 636,826 432,225 APOGEE ENTERPRISES INC 466 8,338 24,530 APOLLO COMMERCIAL REAL ESTATE 1,803 29,700 29,623 APOLLO RESIDENTIAL MORTGAGE IN 2,997 48,305 44,026 APPLE INC 47,412 3,154,686 5,946,650 APPLE INC 43,600 3,615,434 5,468,530 APPLIED INDUSTRIAL TECHNOLOGIE 13,560 632,894 537,654 APPLIED INDUSTRIAL TECHNOLOGIE 1,075 47,074 42,624 APPLIED MATERIALS INC 120,000 1,631,574 2,306,400 ARBOR REALTY TRUST INC 1,256 8,697 8,491 41 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (c) - (b) DESCRIPTION (d) (e) COMMON STOCK NO. OF CURRENT ISSUER SHARES COST VALUE ARC DOCUMENT SOLUTIONS INC 3,688 26,907 28,066 ARCBEST CORP 432 10,278 13,738 ARCHER-DANIELS-MIDLAND CO 6,000 135,263 289,320 ARCHER-DANIELS-MIDLAND CO 25,900 791,311 1,248,898 ARCHER-DANIELS-MIDLAND CO 33,600 1,235,916 1,620,192 ARCTIC CAT INC 343 5,280 11,391 ARGAN INC 285 5,046 11,494 ARM HOLDINGS PLC 26,540 1,360,495 1,307,626 ARM HOLDINGS PLC 89,607 4,022,139 4,414,937 ARMOUR RESIDENTIAL REIT INC 13,972 47,652 39,261 ARROW FINANCIAL CORP 803 18,149 21,705 ARTISAN PARTNERS ASSET MANAGEM 109 5,444 5,064 ASBURY AUTOMOTIVE GROUP INC 763 13,315 69,143 ASCENT CAPITAL GROUP INC 9,000 222,052 384,660 ASG WT CORP 144A 135 - 675 ASHFORD HOSPITALITY TRUST INC 5,592 59,377 47,308 ASHLAND INC 1,500 22,051 182,850 ASSOCIATED ESTATES REALTY CORP 708 15,831 20,270 ASSURANT INC 8,100 291,310 542,700 ASTEC INDUSTRIES INC 22,000 886,835 920,040 ASTEC INDUSTRIES INC 777 26,849 32,494 ASTRONICS CORP 10,153 222,429 719,746 ASTRONICS CORP 228 3,945 16,163 ATLANTIC POWER CORP 7,018 17,404 21,615 ATLANTIC SOUTHERN FINANCIAL GR 25 425 - ATLAS AIR WORLDWIDE HOLDINGS I 457 16,688 25,117 AUTODESK INC 76,973 4,191,735 3,854,423 AUTOLIV INC 220 6,636 25,685 AUTOMATIC DATA PROCESSING INC 17,645 1,318,236 1,415,658 AUTONATION INC 18,000 344,935 1,133,640 AVNET INC 7,100 299,429 291,881 AVX CORP 3,127 42,658 42,089 AXALTA COATING SYSTEMS LTD 177 5,000 5,855 AZZ INC 303 6,118 15,695 B/E AEROSPACE INC 10,000 598,608 549,000 B/E AEROSPACE INC 9,315 394,849 511,394 BALCHEM CORP 433 13,493 24,127 BALDWIN & LYONS INC 328 8,420 7,551 BANCORP INC/THE 876 10,343 8,129 BANK MUTUAL CORP 4,020 27,724 30,833 BANK OF AMERICA CORP 138,000 2,334,163 2,348,760 BANK OF AMERICA CORP 61,800 1,722,785 1,051,836 BANK OF AMERICA CORP 13,500 230,847 229,770 BANK OF NEW YORK MELLON CORP/T 76,000 2,007,536 3,189,720 BANKFINANCIAL CORP 356 5,015 4,194 BANNER CORP 210 9,330 10,065 BARNES GROUP INC 900 18,871 35,091 BASSETT FURNITURE INDUSTRIES I 508 10,020 14,432 BAXTER INTERNATIONAL INC 16,000 829,119 1,118,880 BAXTER INTERNATIONAL INC 22,000 766,833 1,538,460 BAXTER INTERNATIONAL INC 15,600 1,011,120 1,090,908 BB&T CORP 11,400 352,655 459,534 BB&T CORP 110 4,561 4,449 42 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (c) - (b) DESCRIPTION (d) (e) COMMON STOCK NO. OF CURRENT ISSUER SHARES COST VALUE BEACON ROOFING SUPPLY INC 1,392 24,632 46,242 BEAZER HOMES USA INC 676 12,089 13,486 BEBE STORES INC 5,677 31,115 11,354 BEL FUSE INC 690 12,967 14,159 BENCHMARK ELECTRONICS INC 3,356 78,782 73,094 BENEFICIAL BANCORP INC 584 5,215 7,294 BERKSHIRE HATHAWAY INC 9,300 772,231 1,265,823 BERKSHIRE HILLS BANCORP INC 863 19,358 24,578 BGC PARTNERS INC 7,169 40,901 62,729 BIG 5 SPORTING GOODS CORP 1,896 29,291 26,942 BIG LOTS INC 4,208 133,419 189,318 BIOTELEMETRY INC 3,106 25,682 29,290 BLACK BOX CORP 790 17,770 15,800 BLACKHAWK NETWORK HOLDINGS INC 21,295 575,647 877,354 BLACKHAWK NETWORK HOLDINGS INC 600 22,781 24,720 BLOOMIN' BRANDS INC 29,425 638,112 628,224 BLOUNT INTERNATIONAL INC 1,959 26,933 21,392 BLUCORA INC 1,217 18,591 19,655 BLUE NILE INC 306 13,511 9,299 BOEING CO/THE 5,000 242,944 693,600 BOEING CO/THE 13,150 1,940,788 1,824,168 BOINGO WIRELESS INC 822 6,427 6,790 BOISE CASCADE CO 18,415 537,919 675,462 BOISE CASCADE CO 650 22,251 23,842 BOSTON SCIENTIFIC CORP 10,000 75,094 177,000 BOYD GAMING CORP 35,683 477,315 533,461 BOYD GAMING CORP 7,677 109,409 114,771 BPZ RESOURCES INC 4,080 10,443 69 BRANDYWINE REALTY TRUST 70,475 1,078,197 935,908 BRAVO BRIO RESTAURANT GROUP IN 1,838 30,647 24,905 BRIDGEPOINT EDUCATION INC 2,577 34,831 24,636 BRIGGS & STRATTON CORP 2,458 50,486 47,341 BRIGHT HORIZONS FAMILY SOLUTIO 317 16,074 18,323 BRISTOL-MYERS SQUIBB CO 7,000 210,210 465,780 BRISTOL-MYERS SQUIBB CO 41,500 945,777 2,761,410 BRITVIC PLC 16,105 363,137 363,458 BRIXMOR PROPERTY GROUP INC 583 14,760 13,485 BROADSOFT INC 4,446 117,770 153,698 BROCADE COMMUNICATIONS SYSTEMS 23,800 297,827 282,744 BROOKDALE SENIOR LIVING INC 24,540 732,392 851,538 BROOKLINE BANCORP INC 4,999 48,840 56,439 BROOKS AUTOMATION INC 3,051 34,354 34,934 BRUKER CORP 1,971 38,588 40,228 BRYN MAWR BANK CORP 204 4,654 6,153 BUILD-A-BEAR WORKSHOP INC 1,530 24,699 24,465 CABOT CORP 7,200 270,191 268,488 CABOT MICROELECTRONICS CORP 1,743 77,034 82,113 CALAMOS ASSET MANAGEMENT INC 2,922 36,046 35,795 CALERES INC 1,945 60,664 61,812 CALGON CARBON CORP 39,694 802,687 769,270 CALGON CARBON CORP 700 10,452 13,566 CALIFORNIA RESOURCES CORP 13,226 62,599 79,885 CALLIDUS SOFTWARE INC 345 5,066 5,375 43 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (c) - (b) DESCRIPTION (d) (e) COMMON STOCK NO. OF CURRENT ISSUER SHARES COST VALUE CALLON PETROLEUM CO 5,477 44,722 45,569 CAMBREX CORP 1,373 16,533 60,330 CAMDEN NATIONAL CORP 272 10,087 10,526 CAMERON INTERNATIONAL CORP 23,500 751,297 1,230,695 CAMERON INTERNATIONAL CORP 3,100 163,900 162,347 CANTEL MEDICAL CORP 659 5,029 35,369 CANTERBURY PARK HOLDING CORP 43,500 582,798 456,750 CAPELLA EDUCATION CO 1,313 64,687 70,469 CAPITAL BANK FINANCIAL CORP 41,520 1,000,092 1,206,986 CAPITAL BANK FINANCIAL CORP 1,261 28,139 36,657 CAPITAL ONE FINANCIAL CORP 9,800 653,811 862,106 CAPITAL ONE FINANCIAL CORP 8,800 698,747 774,136 CAPITAL SENIOR LIVING CORP 379 3,465 9,286 CARDINAL HEALTH INC 17,950 774,264 1,501,518 CARDINAL HEALTH INC 11,300 986,611 945,245 CARDIOVASCULAR SYSTEMS INC 139 3,409 3,677 CAREER EDUCATION CORP 2,447 11,086 8,075 CARRIAGE SERVICES INC 766 14,829 18,292 CARROLS RESTAURANT GROUP INC 3,193 22,835 33,207 CARTER'S INC 5,820 424,286 618,666 CASS INFORMATION SYSTEMS INC 274 9,537 15,404 CATALENT INC 361 10,846 10,588 CATERPILLAR INC 4,900 413,093 415,618 CATERPILLAR INC 26,459 2,254,428 2,244,252 CATHAY GENERAL BANCORP 345 5,277 11,195 CATO CORP/THE 1,506 46,816 58,373 CAVCO INDUSTRIES INC 65 5,070 4,904 CBOE HOLDINGS INC 11,605 644,157 664,039 CBS CORP 53,200 853,581 3,053,680 CDI CORP 1,002 19,509 13,026 CEB INC 76 5,013 6,617 CEDAR REALTY TRUST INC 5,768 37,791 36,915 CELANESE CORP 4,600 296,074 330,648 CELANESE CORP 23,980 1,658,850 1,723,682 CELGENE CORP 29,100 799,980 3,367,889 CENTERSTATE BANKS INC 622 6,174 8,403 CENTRAL GARDEN & PET CO 4,457 36,614 50,854 CENTURYLINK INC 8,000 253,860 235,040 CENVEO INC 2,918 12,112 6,186 CF INDUSTRIES HOLDINGS INC 8,000 330,300 514,240 CHAMPION ENTERPRISES INC 4,866 12,455 34 CHART INDUSTRIES INC 1,221 43,797 43,651 CHECKPOINT SYSTEMS INC 1,588 18,817 16,166 CHEESECAKE FACTORY INC/THE 145 7,456 7,908 CHEMICAL FINANCIAL CORP 1,467 35,419 48,499 CHEMTURA CORP 1,226 35,172 34,708 CHESAPEAKE LODGING TRUST 695 18,996 21,184 CHESAPEAKE UTILITIES CORP 831 24,399 44,749 CHEVRON CORP 18,500 669,725 1,784,695 CHEVRON CORP 13,300 549,911 1,283,051 CHICO'S FAS INC 46,780 766,000 777,951 CHRISTOPHER & BANKS CORP 3,036 20,825 12,174 CHUBB CORP/THE 5,200 288,188 494,728 44 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (c) - (b) DESCRIPTION (d) (e) COMMON STOCK NO. OF CURRENT ISSUER SHARES COST VALUE CHURCHILL DOWNS INC 11,500 442,282 1,438,075 CHURCHILL DOWNS INC 165 6,852 20,633 CIBER INC 7,512 33,655 25,916 CIGNA CORP 6,400 88,696 1,036,800 CIRCOR INTERNATIONAL INC 15,000 386,271 817,950 CIRCOR INTERNATIONAL INC 291 9,566 15,868 CIRRUS LOGIC INC 3,641 88,441 123,903 CISCO SYSTEMS INC 60,100 1,170,045 1,650,346 CISCO SYSTEMS INC 280,583 7,113,501 7,704,809 CISCO SYSTEMS INC 85,000 1,545,512 2,334,100 CIT GROUP INC 8,500 402,621 395,165 CIT GROUP INC 7,900 377,321 367,271 CITI TRENDS INC 2,111 33,423 51,086 CITIGROUP INC 55,000 1,569,540 3,038,200 CITIGROUP INC 26,400 1,882,343 1,458,336 CITIGROUP INC 54,900 2,854,995 3,032,676 CITIGROUP INC 43,500 1,708,989 2,402,940 CLAYTON WILLIAMS ENERGY INC 719 73,145 47,274 CLEAR CHANNEL OUTDOOR HOLDINGS 63,292 692,275 641,148 CLEAR CHANNEL OUTDOOR HOLDINGS 3,478 30,683 35,232 CLEARWATER PAPER CORP 1,427 43,309 81,767 CNA FINANCIAL CORP 1,325 38,791 50,628 COCA-COLA CO/THE 35,000 823,974 1,373,050 COCA-COLA CO/THE 64,988 2,733,582 2,549,479 COCA-COLA ENTERPRISES INC 37,520 1,685,153 1,629,869 COHEN & STEERS INC 4,628 140,204 157,722 COHEN & STEERS INC 104 2,856 3,544 COHERENT INC 19,040 1,012,053 1,208,659 COHERENT INC 856 38,960 54,339 COHU INC 701 11,084 9,274 COLLECTORS UNIVERSE INC 225 4,963 4,487 COLUMBIA BANCORP/OR 661 4,175 2 COLUMBIA BANKING SYSTEM INC 775 16,019 25,219 COLUMBUS MCKINNON CORP/NY 758 13,693 18,950 COMCAST CORP 38,470 1,130,371 2,313,586 COMCAST CORP 38,700 2,163,738 2,327,418 COMERICA INC 16,740 745,049 859,097 COMFORT SYSTEMS USA INC 2,213 30,135 50,788 COMMERCIAL VEHICLE GROUP INC 686 6,653 4,946 COMMSCOPE HOLDING CO INC 2,130 55,961 64,986 COMMUNITY TRUST BANCORP INC 792 24,625 27,617 COMMVAULT SYSTEMS INC 353 16,730 14,971 COMPASS MINERALS INTERNATIONAL 17,275 1,598,863 1,418,969 COMPUTER SCIENCES CORP 15,800 700,368 1,037,112 COMSCORE INC 933 25,515 49,692 COMTECH TELECOMMUNICATIONS COR 3,500 112,310 101,675 COMTECH TELECOMMUNICATIONS COR 1,445 49,902 41,977 COMVERSE INC 340 10,033 6,827 CONAGRA FOODS INC 10,200 354,634 445,944 CONMED CORP 1,080 47,892 62,932 CONN'S INC 384 11,280 15,245 CONOCOPHILLIPS 2,000 103,597 122,820 CONOCOPHILLIPS 20,000 814,206 1,228,200 45 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (c) - (b) DESCRIPTION (d) (e) COMMON STOCK NO. OF CURRENT ISSUER SHARES COST VALUE CONOCOPHILLIPS 9,700 272,882 595,677 CONSTANT CONTACT INC 988 24,825 28,415 CONSTELLATION BRANDS INC 19,030 1,767,664 2,207,861 CONTINENTAL BUILDING PRODUCTS 33,770 678,866 715,586 COOPER COS INC/THE 11,880 1,003,280 2,114,284 COOPER TIRE & RUBBER CO 1,072 30,420 36,266 CORE-MARK HOLDING CO INC 1,627 46,920 96,400 CORESITE REALTY CORP 214 10,030 9,724 CORNING INC 95,200 1,979,341 1,878,296 CORNING INC 25,800 399,551 509,034 CORVEL CORP 288 5,262 9,222 COSTCO WHOLESALE CORP 20,000 743,000 2,701,200 COSTCO WHOLESALE CORP 10,930 1,113,854 1,476,206 COTY INC 4,273 89,633 136,608 COVENANT TRANSPORTATION GROUP 584 16,125 14,635 CRA INTERNATIONAL INC 926 22,217 25,808 CRANE CO 40,000 1,112,988 2,349,200 CRAWFORD & CO 1,943 15,113 16,379 CROCS INC 1,949 25,038 28,670 CROSS COUNTRY HEALTHCARE INC 1,981 22,931 25,119 CRYOLIFE INC 914 7,904 10,310 CSG SYSTEMS INTERNATIONAL INC 2,474 55,576 78,327 CSS INDUSTRIES INC 976 23,939 29,524 CST BRANDS INC 10,000 348,022 390,600 CSX CORP 60,000 513,504 1,959,000 CTS CORP 40,000 430,252 770,800 CTS CORP 1,607 15,893 30,967 CUBIC CORP 752 29,310 35,780 CUMULUS MEDIA INC 4,078 18,704 8,278 CURTISS-WRIGHT CORP 14,000 486,913 1,014,160 CUSTOMERS BANCORP INC 251 5,026 6,749 CVS HEALTH CORP 26,000 881,871 2,726,880 CVS HEALTH CORP 3,600 121,397 377,568 CVS HEALTH CORP 20,000 2,027,940 2,097,600 CYNOSURE INC 274 9,992 10,571 CYPRESS SEMICONDUCTOR CORP 70,000 696,564 823,200 CYPRESS SEMICONDUCTOR CORP 5,698 66,907 67,008 CYRUSONE INC 1,392 35,538 40,994 CYS INVESTMENTS INC 1,675 15,186 12,948 DAKTRONICS INC 1,946 23,871 23,080 DANA HOLDING CORP 14,253 308,050 293,327 DANONE SA 336,314 4,793,679 4,346,186 DARDEN RESTAURANTS INC 11,800 776,163 838,744 DATALINK CORP 2,207 22,221 19,731 DAWSON GEOPHYSICAL CO 353 6,182 1,659 DCT INDUSTRIAL TRUST INC 23,752 763,971 746,763 DEALERTRACK TECHNOLOGIES INC 15,000 943,775 941,850 DEALERTRACK TECHNOLOGIES INC 507 8,382 31,835 DEL FRISCO'S RESTAURANT GROUP 393 8,237 7,322 DELEK US HOLDINGS INC 2,153 67,813 79,273 DELPHI AUTOMOTIVE PLC 29,600 1,984,103 2,518,664 DELTA AIR LINES INC 8,300 325,681 340,964 DELTIC TIMBER CORP 6,350 409,559 429,514 46 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (c) - (b) DESCRIPTION (d) (e) COMMON STOCK NO. OF CURRENT ISSUER SHARES COST VALUE DENNY'S CORP 7,571 31,428 87,899 DEVON ENERGY CORP 13,000 855,307 773,370 DHI GROUP INC 4,224 34,995 37,551 DIAMOND FOODS INC 100 2,284 3,138 DIAMONDROCK HOSPITALITY CO 4,269 53,204 54,686 DICK'S SPORTING GOODS INC 14,840 751,716 768,267 DIEBOLD INC 8,524 300,876 298,340 DIGI INTERNATIONAL INC 1,336 13,533 12,759 DIME COMMUNITY BANCSHARES INC 1,981 23,898 33,558 DINEEQUITY INC 618 25,130 61,238 DIODES INC 1,783 36,742 42,988 DIRECTV 35,000 683,902 3,247,650 DIRECTV 11,200 629,361 1,039,248 DISCOVER FINANCIAL SERVICES 11,300 282,756 651,106 DISCOVER FINANCIAL SERVICES 27,470 1,651,930 1,582,821 DISCOVERY COMMUNICATIONS INC 15,000 110,219 466,200 DISCOVERY COMMUNICATIONS INC 4,859 140,301 161,610 DISH NETWORK CORP 43,000 864,030 2,911,530 DOLBY LABORATORIES INC 2,390 95,990 94,835 DOLLAR TREE INC 26,360 1,465,420 2,082,176 DOT HILL SYSTEMS CORP 1,109 5,102 6,787 DOW CHEMICAL CO/THE 44,280 2,274,034 2,265,808 DR PEPPER SNAPPLE GROUP INC 10,000 165,848 729,000 DR PEPPER SNAPPLE GROUP INC 15,800 942,407 1,151,820 DSP GROUP INC 1,580 13,778 16,321 DSW INC 145 4,981 4,839 DTS INC/CA 462 10,811 14,086 DUCOMMUN INC 832 20,184 21,357 DUPONT FABROS TECHNOLOGY INC 1,444 42,089 42,526 DYNAMIC MATERIALS CORP 843 14,136 9,273 DYNEGY INC 21,645 658,890 633,116 EAGLE BANCORP INC 95 1,452 4,176 EARTHLINK HOLDINGS CORP 8,691 58,251 65,096 EAST WEST BANCORP INC 18,210 530,397 816,172 EASTMAN CHEMICAL CO 5,500 127,968 450,010 EASTMAN KODAK CO 203 4,149 3,410 ECHOSTAR CORP 15,000 329,032 730,200 EDISON INTERNATIONAL 2,600 151,463 144,508 EHEALTH INC 1,457 22,589 18,489 EI DU PONT DE NEMOURS & CO 16,200 691,569 1,035,990 EL PASO ELECTRIC CO 25,000 356,185 866,500 ELECTRONIC ARTS INC 28,000 965,143 1,862,000 ELECTRONICS FOR IMAGING INC 1,834 29,198 79,797 ELI LILLY & CO 5,000 233,087 417,450 ELIZABETH ARDEN INC 5,160 109,448 73,582 EMC CORP/MA 75,090 2,041,173 1,981,625 EMC INSURANCE GROUP INC 569 9,889 14,252 EMCOR GROUP INC 9,905 423,570 473,162 EMERGENT BIOSOLUTIONS INC 2,585 51,380 85,176 EMPLOYERS HOLDINGS INC 1,838 28,006 41,870 ENBRIDGE ENERGY MANAGEMENT LLC 280 9,984 9,240 ENCORE WIRE CORP 321 7,193 14,217 ENERSYS 6,384 383,374 448,732 47 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (c) - (b) DESCRIPTION (d) (e) COMMON STOCK NO. OF CURRENT ISSUER SHARES COST VALUE ENGILITY HOLDINGS INC 800 13,240 20,128 ENGILITY HOLDINGS INC 1,400 57,136 35,224 ENNIS INC 1,586 24,428 29,484 ENPRO INDUSTRIES INC 623 23,159 35,648 ENSIGN GROUP INC/THE 240 1,303 12,254 ENTEGRIS INC 19,575 164,304 285,208 ENTEGRIS INC 3,035 29,550 44,220 ENTERCOM COMMUNICATIONS CORP 2,780 29,341 31,748 ENTERGY CORP 9,400 607,165 662,700 ENTERGY CORP 17,100 1,332,207 1,205,550 ENTERPRISE FINANCIAL SERVICES 522 9,869 11,886 ENZO BIOCHEM INC 1,552 9,304 4,703 EPAM SYSTEMS INC 562 21,012 40,031 EPIQ SYSTEMS INC 1,201 15,270 20,273 EPLUS INC 566 32,068 43,384 EQUITY ONE INC 646 12,290 15,078 EQUITY RESIDENTIAL 11,700 912,272 820,989 ERA GROUP INC 683 16,637 13,988 EROS INTERNATIONAL PLC 371 7,467 9,320 ESCO TECHNOLOGIES INC 739 26,821 27,646 ESTEE LAUDER COS INC/THE 19,730 1,429,978 1,709,802 EUROBANCSHARES INC 560 2,610 - EURONET WORLDWIDE INC 5,990 203,817 369,583 EURONET WORLDWIDE INC 219 12,376 13,512 EVERBANK FINANCIAL CORP 3,322 54,065 65,277 EVEREST RE GROUP LTD 3,800 418,031 691,638 EVINE LIVE INC 3,554 19,220 9,560 EW SCRIPPS CO/THE 50,000 731,394 1,142,500 EW SCRIPPS CO/THE 1,619 23,075 36,994 EXACTECH INC 323 6,272 6,728 EXAMWORKS GROUP INC 133 4,892 5,200 EXCO RESOURCES INC 10,348 50,326 12,211 EXELON CORP 14,800 427,275 465,016 EXELON CORP 46,300 1,698,774 1,454,746 EXIDE TECHNOLOGIES 4,000 525,428 17,200 EXLSERVICE HOLDINGS INC 579 11,064 20,022 EXPEDIA INC 500 42,431 54,675 EXPEDITORS INTERNATIONAL OF WA 59,311 2,668,402 2,734,534 EXPONENT INC 992 24,553 44,422 EXPRESS INC 25,415 422,474 460,266 EXPRESS INC 5,371 82,536 97,269 EXPRESS SCRIPTS HOLDING CO 11,000 864,892 978,340 EXPRESS SCRIPTS HOLDING CO 7,100 595,392 631,474 EXTENDED STAY AMERICA INC 1,026 19,949 19,258 EXTRA SPACE STORAGE INC 11,950 463,181 779,379 EXTREME NETWORKS INC 14,749 66,707 39,675 EXXON MOBIL CORP 8,000 555,418 665,600 EXXON MOBIL CORP 20,800 1,365,149 1,730,560 EXXON MOBIL CORP 4,700 365,365 391,040 EZCORP INC 567 7,202 4,213 FACEBOOK INC 32,820 1,528,969 2,814,807 FACEBOOK INC 92,107 6,152,974 7,899,557 FACTSET RESEARCH SYSTEMS INC 3,049 357,433 495,493 48 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (c) - (b) DESCRIPTION (d) (e) COMMON STOCK NO. OF CURRENT ISSUER SHARES COST VALUE FAIR ISAAC CORP 58 2,284 5,265 FAIRCHILD SEMICONDUCTOR INTERN 1,751 31,346 30,432 FAIRPOINT COMMUNICATIONS INC 3,074 9,730 15 FARMERS CAPITAL BANK CORP 202 4,950 5,743 FEDERAL SIGNAL CORP 831 6,771 12,390 FEDERAL-MOGUL HOLDINGS CORP 1,200 13,838 13,620 FEDERATED NATIONAL HOLDING CO 153 2,971 3,703 FEDEX CORP 4,100 698,691 698,640 FERRO CORP 65,000 684,920 1,090,700 FERRO CORP 4,029 35,368 67,607 FIDELITY & GUARANTY LIFE 609 13,596 14,391 FIDELITY SOUTHERN CORP 360 5,500 6,278 FIFTH THIRD BANCORP 18,000 212,280 374,760 FINANCIAL INSTITUTIONS INC 755 15,687 18,754 FINISH LINE INC/THE 4,498 115,928 125,134 FIRST BANCORP/SOUTHERN PINES N 1,067 17,128 17,798 FIRST BUSEY CORP 5,212 34,146 34,243 FIRST CASH FINANCIAL SERVICES 539 14,303 24,573 FIRST COMMONWEALTH FINANCIAL C 4,623 36,810 44,335 FIRST COMMUNITY BANCSHARES INC 1,272 21,576 23,176 FIRST CONNECTICUT BANCORP INC/ 200 2,894 3,174 FIRST DEFIANCE FINANCIAL CORP 665 16,106 24,957 FIRST FINANCIAL BANCORP 2,829 45,438 50,752 FIRST FINANCIAL CORP/IN 795 24,207 28,429 FIRST INDUSTRIAL REALTY TRUST 1,496 17,783 28,020 FIRST MERCHANTS CORP 753 13,303 18,599 FIRST NIAGARA FINANCIAL GROUP 40,900 367,691 386,096 FIRST POTOMAC REALTY TRUST 1,941 25,893 19,992 FIRSTENERGY CORP 13,400 493,125 436,170 FIVE STAR QUALITY CARE INC 1,353 6,720 6,494 FLAGSTAR BANCORP INC 982 17,038 18,147 FLEXSTEEL INDUSTRIES INC 196 2,550 8,446 FLIR SYSTEMS INC 26,290 860,901 964,142 FLOWSERVE CORP 20,000 248,351 1,053,200 FLUSHING FINANCIAL CORP 1,863 26,153 39,142 FNB CORP/PA 402 4,282 5,757 FORD MOTOR CO 58,100 1,008,280 872,081 FORMFACTOR INC 1,462 13,110 13,450 FORRESTER RESEARCH INC 666 20,877 23,989 FORTUNE BRANDS HOME & SECURITY 23,000 171,422 1,053,860 FORWARD AIR CORP 643 19,167 33,603 FOX FACTORY HOLDING CORP 51,765 754,174 832,381 FRANCESCA'S HOLDINGS CORP 779 11,356 10,493 FRANKLIN COVEY CO 503 5,628 10,206 FRED'S INC 4,865 93,959 93,846 FREEPORT-MCMORAN INC 44,000 1,146,274 819,280 FREEPORT-MCMORAN INC 41,000 1,553,523 763,420 FREESCALE SEMICONDUCTOR LTD 2,062 46,176 82,418 FREIGHTCAR AMERICA INC 565 15,183 11,797 FRESH DEL MONTE PRODUCE INC 2,493 75,386 96,379 FUTUREFUEL CORP 949 15,074 12,214 G&K SERVICES INC 1,042 39,428 72,044 GANNETT CO INC (6,550) 95,999 91,635 49 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (c) - (b) DESCRIPTION (d) (e) COMMON STOCK NO. OF CURRENT ISSUER SHARES COST VALUE GENERAL COMMUNICATION INC 3,279 29,126 55,776 GENERAL DYNAMICS CORP 15,000 629,148 2,125,350 GENERAL DYNAMICS CORP 10,100 1,428,168 1,431,069 GENERAL ELECTRIC CO 25,000 473,552 664,250 GENERAL MILLS INC 32,000 857,134 1,783,040 GENERAL MOTORS CO 12,100 439,435 403,293 GENESIS HEALTHCARE INC 1,998 13,391 13,187 GENUINE PARTS CO 50,000 2,179,211 4,476,500 GERMAN AMERICAN BANCORP INC 100 1,399 2,945 GFI GROUP INC 2,960 13,354 17,464 GIBRALTAR INDUSTRIES INC 1,070 13,014 21,796 GILEAD SCIENCES INC 3,100 376,160 362,948 GILEAD SCIENCES INC 22,200 2,069,240 2,599,176 GLACIER BANCORP INC 178 3,000 5,237 GLADSTONE COMMERCIAL CORP 1,214 21,528 20,104 GLOBAL BRASS & COPPER HOLDINGS 1,322 22,384 22,487 GLOBAL CASH ACCESS HOLDINGS IN 3,450 16,339 26,703 GLOBE SPECIALTY METALS INC 1,339 21,040 23,700 GMAC CAPITAL TRUST I 5,000 116,555 129,950 GOLDMAN SACHS GROUP INC/THE 2,900 363,271 605,491 GOODRICH PETROLEUM CORP 1,080 23,169 2,009 GOODYEAR TIRE & RUBBER CO/THE 7,900 246,622 238,185 GOOGLE INC 3,846 1,107,283 2,001,881 GOOGLE INC 3,836 1,109,911 2,071,593 GOOGLE INC 5,541 3,046,584 2,884,146 GOOGLE INC 5,526 3,106,389 2,984,261 GOOGLE INC 360 195,490 194,414 GP STRATEGIES CORP 17,958 369,389 596,924 GRACO INC 5,683 367,203 403,663 GRAFTECH INTERNATIONAL LTD 3,329 32,847 16,512 GRAND CANYON EDUCATION INC 606 14,634 25,694 GRAY TELEVISION INC 1,147 9,657 17,985 GREAT LAKES DREDGE & DOCK CORP 751 5,081 4,476 GREAT WESTERN BANCORP INC 35,970 723,084 867,237 GREATBATCH INC 1,594 47,217 85,948 GREEN PLAINS INC 1,454 18,468 40,058 GREENHILL & CO INC 10,096 481,161 417,268 GRIFFIN INDUSTRIAL REALTY INC 10,000 267,101 320,400 GRIFFON CORP 63,000 649,415 1,002,960 GRIFFON CORP 3,125 36,536 49,750 GROUP 1 AUTOMOTIVE INC 346 13,641 31,427 GSI GROUP INC 50,855 536,468 764,351 GSI GROUP INC 1,979 17,030 29,744 H&E EQUIPMENT SERVICES INC 1,268 27,412 25,322 H&R BLOCK INC 10,000 303,565 296,500 HACKETT GROUP INC/THE 811 2,495 10,892 HAEMONETICS CORP 988 34,494 40,864 HALLIBURTON CO 40,000 1,246,255 1,722,800 HALLIBURTON CO 8,600 423,657 370,402 HALLMARK FINANCIAL SERVICES IN 497 4,688 5,656 HANMI FINANCIAL CORP 363 4,748 9,017 HARDINGE INC 326 5,126 3,211 HARLEY-DAVIDSON INC 11,100 670,520 625,485 50 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (c) - (b) DESCRIPTION (d) (e) COMMON STOCK NO. OF CURRENT ISSUER SHARES COST VALUE HARMONIC INC 10,637 68,948 72,651 HARRIS CORP 6,000 474,321 461,460 HARRIS CORP 10,637 430,479 818,092 HARTE-HANKS INC 5,238 40,171 31,218 HARTFORD FINANCIAL SERVICES GR 10,000 533,850 415,700 HAVERTY FURNITURE COS INC 1,368 24,690 29,576 HAWKINS INC 96 1,617 3,877 HAYNES INTERNATIONAL INC 428 16,833 21,109 HB FULLER CO 460 20,288 18,685 HCA HOLDINGS INC 21,200 1,391,090 1,923,264 HD PARTNERS ACQUISITION CORP 233 1,859 1,859 HEADWATERS INC 1,585 12,875 28,879 HEALTHCARE REALTY TRUST INC 1,068 27,179 24,842 HEALTHWAYS INC 547 7,565 6,553 HEARTLAND FINANCIAL USA INC 507 11,795 18,871 HECLA MINING CO 1,667 4,396 4,384 HEIDRICK & STRUGGLES INTERNATI 1,720 32,141 44,858 HELIX ENERGY SOLUTIONS GROUP I 1,391 21,342 17,568 HERCULES OFFSHORE INC 8,300 47,650 1,942 HERITAGE FINANCIAL CORP/WA 313 4,992 5,593 HERMAN MILLER INC 1,118 31,290 32,344 HERSHA HOSPITALITY TRUST 181 4,942 4,647 HERTZ GLOBAL HOLDINGS INC 24,000 512,884 434,880 HESS CORP 4,500 194,266 300,960 HESS CORP 21,700 1,775,195 1,451,296 HEWLETT-PACKARD CO 20,000 457,040 600,200 HEWLETT-PACKARD CO 23,400 586,951 702,234 HEWLETT-PACKARD CO 38,400 883,731 1,152,384 HFF INC 621 12,233 25,914 HILL INTERNATIONAL INC 3,062 17,737 16,106 HILLTOP HOLDINGS INC 824 18,738 19,850 HOME DEPOT INC/THE 7,500 230,450 833,475 HOME DEPOT INC/THE 16,310 1,068,669 1,812,530 HOMEAWAY INC 31,109 950,208 968,112 HOMESTREET INC 7,255 110,144 165,559 HOMESTREET INC 236 5,073 5,386 HONEYWELL INTERNATIONAL INC 35,750 1,654,227 4,519,920 HONEYWELL INTERNATIONAL INC 20,000 587,018 2,039,400 HOOKER FURNITURE CORP 36,800 511,032 924,048 HOOKER FURNITURE CORP 318 5,340 7,985 HORACE MANN EDUCATORS CORP 1,926 39,300 70,068 HOUGHTON MIFFLIN HARCOURT CO 937 18,551 23,612 HQ SUSTAINABLE MARITIME INDUST 140 1,288 15 HRG GROUP INC 1,821 23,182 23,673 HSN INC 231 14,827 16,214 HUDSON VALLEY HOLDING CORP 608 11,902 17,152 HUMANA INC 20,000 901,340 3,825,600 HUNTINGTON BANCSHARES INC/OH 54,000 358,792 610,740 HUNTSMAN CORP 23,000 354,594 507,610 HURCO COS INC 310 9,078 10,732 HURON CONSULTING GROUP INC 1,630 101,394 114,247 HYATT HOTELS CORP 10,102 481,535 572,682 IAC/INTERACTIVECORP 3,000 66,217 238,980 51 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (c) - (b) DESCRIPTION (d) (e) COMMON STOCK NO. OF CURRENT ISSUER SHARES COST VALUE IBERIABANK CORP 9,815 640,556 669,677 IBERIABANK CORP 730 43,189 49,808 ICF INTERNATIONAL INC 1,624 41,607 56,613 ICU MEDICAL INC 277 10,246 26,498 IDT CORP 1,906 16,522 34,460 IGATE CORP 420 9,376 20,030 IMPERVA INC 133 3,042 9,004 IMS HEALTH HOLDINGS INC 188 4,954 5,762 INCYTE CORP 10,200 1,085,652 1,062,942 INDEPENDENT BANK CORP/MI 806 10,149 10,929 INDEPENDENT BANK CORP/ROCKLAND 644 18,769 30,197 INFINERA CORP 300 2,334 6,294 INFINITY PROPERTY & CASUALTY C 680 37,162 51,571 INFORMATION SERVICES GROUP INC 300 1,367 1,434 INGLES MARKETS INC 1,882 51,212 89,903 INGREDION INC 7,900 306,100 630,499 INGREDION INC 4,400 341,226 351,164 INLAND REAL ESTATE CORP 3,366 34,298 31,708 INNOPHOS HOLDINGS INC 875 33,625 46,060 INNOSPEC INC 921 26,149 41,482 INSIGHT ENTERPRISES INC 2,975 83,933 88,982 INSPERITY INC 1,636 48,146 83,272 INSTEEL INDUSTRIES INC 762 10,070 14,249 INSULET CORP 382 11,847 11,836 INTEGRA LIFESCIENCES HOLDINGS 1,412 63,043 95,126 INTEGRATED DEVICE TECHNOLOGY I 28,090 305,276 609,553 INTEGRATED DEVICE TECHNOLOGY I 3,995 28,771 86,692 INTEGRATED SILICON SOLUTION IN 1,869 28,157 41,380 INTEL CORP 58,800 1,457,652 1,788,402 INTEL CORP 71,200 2,307,738 2,165,548 INTELIQUENT INC 6,657 81,608 122,489 INTER PARFUMS INC 21,291 487,663 722,404 INTER PARFUMS INC 513 5,150 17,406 INTERDIGITAL INC/PA 376 19,974 21,391 INTERFACE INC 299 3,856 7,490 INTERNAP CORP 800 4,175 7,400 INTERNATIONAL BUSINESS MACHINE 3,800 609,778 618,108 INTERNATIONAL BUSINESS MACHINE 9,810 1,705,357 1,595,695 INTERNATIONAL SPEEDWAY CORP 218 7,428 7,994 INTERPUBLIC GROUP OF COS INC/T 35,000 680,276 674,450 INTERSIL CORP 4,623 68,277 57,834 INTERVAL LEISURE GROUP INC 1,418 20,783 32,401 INTL. FCSTONE INC 837 21,281 27,822 INTRALINKS HOLDINGS INC 3,028 19,180 36,063 INTREPID POTASH INC 12 215 143 INVESTMENT TECHNOLOGY GROUP IN 1,948 38,532 48,310 ION GEOPHYSICAL CORP 11,432 42,815 12,232 IPC HEALTHCARE INC 307 12,408 17,005 ISLE OF CAPRI CASINOS INC 4,166 39,189 75,613 ISTAR FINANCIAL INC 2,479 36,647 33,020 ITRON INC 714 26,030 24,590 ITT CORP 20,000 385,458 836,800 IXIA 4,299 48,524 53,480 52 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (c) - (b) DESCRIPTION (d) (e) COMMON STOCK NO. OF CURRENT ISSUER SHARES COST VALUE IXYS CORP 1,767 20,302 27,035 J2 GLOBAL INC 13,699 561,876 930,710 J2 GLOBAL INC 249 7,220 16,917 JAKKS PACIFIC INC 1,673 16,246 16,546 JANUS CAPITAL GROUP INC 72 790 1,233 JAZZ PHARMACEUTICALS PLC 13,717 2,132,680 2,415,152 JC PENNEY CO INC 25,000 257,246 211,750 JOHN B SANFILIPPO & SON INC 7,165 351,505 371,864 JOHN B SANFILIPPO & SON INC 249 12,901 12,923 JOHN BEAN TECHNOLOGIES CORP 1,094 17,302 41,123 JOHNSON & JOHNSON 26,000 1,747,137 2,533,960 JOHNSON & JOHNSON 13,300 1,330,344 1,296,218 JOHNSON & JOHNSON 2,400 248,162 233,904 JOHNSON OUTDOORS INC 189 4,840 4,451 JONES LANG LASALLE INC 5,550 593,004 949,050 JOURNAL MEDIA GROUP INC 17,550 85,821 145,490 JPMORGAN CHASE & CO 18,000 522,750 1,219,680 JPMORGAN CHASE & CO 26,000 957,568 1,761,760 JPMORGAN CHASE & CO 36,500 1,236,987 2,473,240 JPMORGAN CHASE & CO 35,600 2,339,744 2,412,256 JUNIPER NETWORKS INC 53,300 1,076,694 1,384,201 K12 INC 252 3,909 3,188 KADANT INC 706 15,151 33,323 KAMAN CORP 25,439 476,009 1,066,912 KAMAN CORP 942 28,485 39,507 KAPSTONE PAPER AND PACKAGING C 22,840 558,419 528,061 KEMET CORP 1,439 12,009 4,144 KEY ENERGY SERVICES INC 8,964 17,697 16,135 KEYCORP 24,400 184,790 366,488 KFORCE INC 2,332 34,649 53,333 KILROY REALTY CORP 13,765 675,637 924,320 KIMBALL INTERNATIONAL INC 2,446 20,854 29,743 KIRKLAND'S INC 1,272 15,574 35,451 KITE REALTY GROUP TRUST 552 12,726 13,507 KLX INC 9,540 341,537 421,000 KNIGHT TRANSPORTATION INC 15,744 278,256 420,994 KNIGHT TRANSPORTATION INC 3,281 72,504 87,734 KNOLL INC 3,038 47,314 76,041 KOHL'S CORP 13,058 961,403 817,561 KOPPERS HOLDINGS INC 1,713 50,963 42,345 KORN/FERRY INTERNATIONAL 1,725 54,256 59,978 KOSMOS ENERGY LTD 1,119 10,030 9,433 KRAFT FOODS GROUP INC 4,500 253,428 383,130 KRATON PERFORMANCE POLYMERS IN 1,144 24,168 27,319 KRISPY KREME DOUGHNUTS INC 600 3,638 11,556 KROGER CO/THE 9,900 215,829 717,849 KROGER CO/THE 12,300 886,556 891,873 KYTHERA BIOPHARMACEUTICALS INC 135 5,075 10,167 L-3 COMMUNICATIONS HOLDINGS IN 4,800 319,632 544,224 L-3 COMMUNICATIONS HOLDINGS IN 1,900 238,000 215,422 LA QUINTA HOLDINGS INC 265 6,376 6,055 LAKELAND BANCORP INC 1,360 13,544 16,170 LAKELAND FINANCIAL CORP 230 5,467 9,975 53 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (c) - (b) DESCRIPTION (d) (e) COMMON STOCK NO. OF CURRENT ISSUER SHARES COST VALUE LAM RESEARCH CORP 23,810 1,689,367 1,936,944 LANCASTER COLONY CORP 669 52,648 60,779 LANDEC CORP 37,250 453,975 537,518 LAREDO PETROLEUM INC 334 4,764 4,202 LASALLE HOTEL PROPERTIES 24,875 856,686 882,068 LATTICE SEMICONDUCTOR CORP 136,580 783,107 804,456 LATTICE SEMICONDUCTOR CORP 6,834 45,644 40,252 LAYNE CHRISTENSEN CO 1,582 37,564 14,159 LA-Z-BOY INC 970 7,928 25,550 LB FOSTER CO 465 15,578 16,094 LEAPFROG ENTERPRISES INC 732 5,027 1,025 LEAR CORP 5,000 222,758 561,300 LEGG MASON INC 40,000 1,104,545 2,061,200 LEIDOS HOLDINGS INC 3,800 160,819 153,406 LENNAR CORP 39,800 1,389,148 1,716,176 LHC GROUP INC 1,063 23,161 40,660 LIBBEY INC 1,081 19,368 44,678 LIBERTY BROADBAND CORP 6,450 87,170 329,982 LIBERTY MEDIA CORP 18,000 71,229 646,200 LIBERTY MEDIA CORP 9,877 40,642 355,967 LIBERTY TRIPADVISOR HOLDINGS I 1,402 41,919 45,172 LIMELIGHT NETWORKS INC 3,292 11,417 12,970 LINCOLN NATIONAL CORP 9,400 368,304 556,668 LINCOLN NATIONAL CORP 28,200 809,767 1,670,004 LIONBRIDGE TECHNOLOGIES INC 3,051 11,246 18,825 LITHIA MOTORS INC 244 2,653 27,611 LITTELFUSE INC 4,215 295,471 399,961 LITTELFUSE INC 444 22,772 42,131 LOGMEIN INC 771 27,816 49,722 LORAL SPACE & COMMUNICATIONS I 611 37,121 38,566 LOWE'S COS INC 40,000 964,320 2,678,800 LOWE'S COS INC 9,910 518,809 663,673 LOWE'S COS INC 24,700 1,483,960 1,654,159 LSB INDUSTRIES INC 684 19,426 27,935 LSI INDUSTRIES INC 100 1,012 934 LUMINEX CORP 735 14,535 12,686 LUMOS NETWORKS CORP 788 14,315 11,655 LYDALL INC 851 10,747 25,156 MACY'S INC 4,600 307,912 310,362 MADISON SQUARE GARDEN CO/THE 15,000 293,679 1,252,350 MAINSOURCE FINANCIAL GROUP INC 436 5,082 9,570 MANHATTAN ASSOCIATES INC 602 3,987 35,909 MANTECH INTERNATIONAL CORP/VA 2,126 67,591 61,654 MARATHON OIL CORP 30,000 779,847 796,200 MARATHON OIL CORP 13,400 165,671 355,636 MARATHON PETROLEUM CORP 23,500 399,710 1,229,285 MARATHON PETROLEUM CORP 26,400 472,923 1,380,984 MARATHON PETROLEUM CORP 24,700 1,116,582 1,292,057 MARCHEX INC 1,548 14,446 7,663 MARCUS CORP/THE 24,000 291,938 460,320 MARCUS CORP/THE 1,620 21,356 31,072 MARINEMAX INC 541 6,139 12,719 MARKETAXESS HOLDINGS INC 178 2,994 16,513 54 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (c) - (b) DESCRIPTION (d) (e) COMMON STOCK NO. OF CURRENT ISSUER SHARES COST VALUE MARLIN BUSINESS SERVICES CORP 543 12,180 9,166 MARRIOTT VACATIONS WORLDWIDE C 1,258 99,573 115,422 MARTEN TRANSPORT LTD 51,525 796,162 1,118,093 MARTEN TRANSPORT LTD 1,044 12,073 22,655 MARTHA STEWART LIVING OMNIMEDI 1,214 6,221 7,575 MASIMO CORP 2,043 67,402 79,146 MASTERCARD INC 18,690 1,612,647 1,747,141 MATERION CORP 24,170 850,549 851,993 MATERION CORP 1,564 42,311 55,131 MATRIX SERVICE CO 1,027 18,252 18,774 MATSON INC 887 23,743 37,289 MATTHEWS INTERNATIONAL CORP 1,421 50,160 75,512 MB FINANCIAL INC 787 15,481 27,104 MCCLATCHY CO/THE 7,262 33,720 7,843 MCGRATH RENTCORP 1,309 34,455 39,833 MDC PARTNERS INC 35,415 799,002 697,676 MDC PARTNERS INC 605 11,385 11,919 MEADOWBROOK INSURANCE GROUP IN 1,953 13,044 16,796 MEDASSETS INC 3,550 69,912 78,313 MEDCATH CORP 696 6,235 5,401 MEDICAL PROPERTIES TRUST INC 1,034 11,459 13,556 MEDIDATA SOLUTIONS INC 174 6,585 9,452 MEDIFAST INC 754 22,156 24,369 MEDIVATION INC 3,000 399,128 342,600 MEDTRONIC PLC 4,500 337,590 333,450 MEMORIAL RESOURCE DEVELOPMENT 41,160 862,478 780,805 MEMORIAL RESOURCE DEVELOPMENT 234 4,777 4,439 MENTOR GRAPHICS CORP 466 10,952 12,316 MERCK & CO INC 9,200 275,765 523,756 MERCK & CO INC 24,058 1,404,455 1,369,622 MERCURY SYSTEMS INC 1,798 22,126 26,323 MERGE HEALTHCARE INC 1,953 5,061 9,374 MERIDIAN BANCORP INC 471 5,000 6,316 MERIDIAN BIOSCIENCE INC 896 17,510 16,701 MERIT MEDICAL SYSTEMS INC 1,554 25,970 33,473 MERITOR INC 3,772 18,578 49,489 MESA AIR GROUP INC 26,986 4,372 81 METHODE ELECTRONICS INC 582 6,862 15,976 METLIFE INC 32,500 1,880,170 1,819,675 METLIFE INC 7,600 267,208 425,524 METLIFE INC 3,700 171,943 207,163 METRO BANCORP INC 799 13,950 20,886 MICREL INC 3,786 43,875 52,625 MICROSEMI CORP 13,335 340,458 466,058 MICROSEMI CORP 34,275 782,679 1,197,911 MICROSEMI CORP 1,429 39,899 49,944 MICROSOFT CORP 9,300 237,745 410,595 MICROSOFT CORP 52,085 2,271,013 2,299,553 MICROSOFT CORP 75,700 3,292,560 3,342,155 MICROSTRATEGY INC 268 28,554 45,581 MIDDLESEX WATER CO 764 13,668 17,236 MILLER INDUSTRIES INC/TN 318 5,248 6,344 MINERALS TECHNOLOGIES INC 214 15,066 14,580 55 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (c) - (b) DESCRIPTION (d) (e) COMMON STOCK NO. OF CURRENT ISSUER SHARES COST VALUE MISTRAS GROUP INC 288 4,880 5,466 MITCHAM INDUSTRIES INC 624 6,992 2,615 MITEL NETWORKS CORP 85,000 833,717 750,550 MKS INSTRUMENTS INC 302 8,600 11,458 MOBILE MINI INC 1,633 39,887 68,651 MODINE MANUFACTURING CO 62,620 717,876 671,913 MODINE MANUFACTURING CO 2,518 26,848 27,018 MOLINA HEALTHCARE INC 476 26,124 33,463 MONARCH CASINO & RESORT INC 839 15,580 17,250 MONDELEZ INTERNATIONAL INC 28,000 615,609 1,151,920 MONEYGRAM INTERNATIONAL INC 1,881 18,734 17,286 MONOLITHIC POWER SYSTEMS INC 788 18,233 39,959 MONOTYPE IMAGING HOLDINGS INC 878 10,061 21,169 MONRO MUFFLER BRAKE INC 384 13,704 23,869 MONSTER BEVERAGE CORP 67,802 5,640,216 9,086,824 MONSTER BEVERAGE CORP 700 47,856 93,814 MONTPELIER RE HOLDINGS LTD 21,200 352,244 837,400 MORGAN STANLEY 40,000 1,010,046 1,551,600 MORGAN STANLEY 48,000 1,656,288 1,861,920 MORGAN STANLEY 9,500 287,503 368,505 MORGAN STANLEY 37,200 1,356,745 1,442,988 MORNINGSTAR INC 785 61,352 62,447 MOSAIC CO/THE 8,400 391,171 393,540 MOTORCAR PARTS OF AMERICA INC 326 3,009 9,809 MOVADO GROUP INC 1,033 24,900 28,056 MSA SAFETY INC 670 35,935 32,502 MSCI INC 73,946 3,314,562 4,551,376 MUELLER INDUSTRIES INC 13,062 392,088 453,513 MUELLER INDUSTRIES INC 1,474 44,342 51,177 MUELLER WATER PRODUCTS INC 1,416 6,629 12,886 MULTI-COLOR CORP 375 13,213 23,955 MURPHY OIL CORP 5,500 236,764 228,635 MYERS INDUSTRIES INC 1,458 17,439 27,702 MYR GROUP INC 1,071 21,360 33,158 NACCO INDUSTRIES INC 568 26,774 34,512 NATIONAL CINEMEDIA INC 3,202 48,665 51,104 NATIONAL HEALTH INVESTORS INC 67 4,965 4,174 NATIONAL OILWELL VARCO INC 11,300 609,395 545,564 NATIONAL PENN BANCSHARES INC 2,220 20,474 25,042 NATURAL GAS SERVICES GROUP INC 872 12,176 19,899 NATUS MEDICAL INC 1,663 28,341 70,777 NAUTILUS INC 1,114 9,503 23,962 NAVIGANT CONSULTING INC 3,760 49,640 55,911 NAVIGATORS GROUP INC/THE 704 35,180 54,602 NCR CORP 32,000 559,570 963,200 NEENAH ENTERPRISES INC 8,622 - 104,844 NEENAH PAPER INC 14,555 671,447 858,163 NEENAH PAPER INC 709 12,664 41,803 NELNET INC 1,111 23,357 48,117 NEOGEN CORP 338 11,943 16,035 NETAPP INC 17,300 617,573 545,988 NETGEAR INC 2,685 87,439 80,604 NEUROCRINE BIOSCIENCES INC 126 4,930 6,018 56 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (c) - (b) DESCRIPTION (d) (e) COMMON STOCK NO. OF CURRENT ISSUER SHARES COST VALUE NEW JERSEY RESOURCES CORP 12,098 319,819 333,300 NEW YORK & CO INC 3,116 22,952 8,351 NEW YORK MORTGAGE TRUST INC 100 789 748 NEWMONT MINING CORP 26,000 1,085,849 607,360 NEWMONT MINING CORP 63,200 1,689,786 1,476,352 NEWPARK RESOURCES INC 2,434 15,002 19,788 NEWPORT CORP 2,423 35,848 45,940 NEXSTAR BROADCASTING GROUP INC 494 15,048 27,664 NIC INC 882 7,987 16,123 NIELSEN NV 28,350 992,079 1,269,230 NORANDA ALUMINUM HOLDING CORP 6,337 24,518 5,386 NORDSTROM INC 25,000 827,125 1,862,500 NORTEK INC 100 7,209 8,313 NORTHERN TRUST CORP 8,000 376,596 611,680 NORTHROP GRUMMAN CORP 9,300 452,771 1,475,259 NORTHROP GRUMMAN CORP 7,850 1,120,938 1,245,246 NORTHWEST NATURAL GAS CO 531 24,102 22,398 NOVO NORDISK A/S 51,480 2,235,147 2,819,045 NRG YIELD INC 116 2,930 2,539 NTELOS HOLDINGS CORP 3,585 57,658 16,563 NUTRACEUTICAL INTERNATIONAL CO 223 5,002 5,517 NUTRISYSTEM INC 3,398 41,388 84,542 NUVASIVE INC 2,382 60,460 112,859 OCCIDENTAL PETROLEUM CORP 10,200 742,635 793,254 OCLARO INC 1,500 5,924 3,390 OIL-DRI CORP OF AMERICA 195 3,425 5,924 OLYMPIC STEEL INC 744 14,739 12,975 OM GROUP INC 3,058 92,685 102,749 OMEGA PROTEIN CORP 1,780 19,928 24,475 OMNICARE INC 10,000 957,066 942,500 OMNICELL INC 1,207 21,052 45,516 OMNIVISION TECHNOLOGIES INC 3,211 85,263 84,112 OMNOVA SOLUTIONS INC 2,467 11,465 18,478 ON ASSIGNMENT INC 20,755 633,149 815,256 ON ASSIGNMENT INC 303 1,223 11,902 ONE LIBERTY PROPERTIES INC 266 6,102 5,660 ONEBEACON INSURANCE GROUP LTD 3,317 45,037 48,130 OPPENHEIMER HOLDINGS INC 164 5,154 4,310 ORACLE CORP 22,400 738,168 902,720 ORACLE CORP 162,045 6,758,573 6,530,414 ORASURE TECHNOLOGIES INC 1,359 9,961 7,325 ORBITAL ATK INC 9,745 356,391 714,893 O'REILLY AUTOMOTIVE INC 15,000 442,473 3,389,700 ORION MARINE GROUP INC 1,111 9,974 8,021 OSI SYSTEMS INC 341 9,759 24,139 OXFORD INDUSTRIES INC 637 11,647 55,706 PACIFIC DRILLING SA 4,631 19,912 12,967 PACIFIC ETHANOL INC 311 4,839 3,210 PACIFIC PREMIER BANCORP INC 476 5,789 8,073 PACIFIC SUNWEAR OF CALIFORNIA 5,169 16,686 5,893 PACWEST BANCORP 755 20,563 35,304 PALM HARBOR HOMES INC 39 494 - PAM TRANSPORTATION SERVICES IN 241 6,350 13,990 57 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (c) - (b) DESCRIPTION (d) (e) COMMON STOCK NO. OF CURRENT ISSUER SHARES COST VALUE PAPA JOHN'S INTERNATIONAL INC 1,348 17,270 101,922 PARK ELECTROCHEMICAL CORP 656 16,293 12,569 PARK STERLING CORP 1,424 7,388 10,253 PARKER DRILLING CO 14,446 48,550 47,961 PARK-OHIO HOLDINGS CORP 356 7,145 17,252 PATTERSON COS INC 6,000 201,843 291,900 PC CONNECTION INC 1,496 19,435 37,011 PDL BIOPHARMA INC 3,046 20,956 19,586 PEGASYSTEMS INC 854 13,681 19,548 PENNYMAC MORTGAGE INVESTMENT T 2,968 63,229 51,732 PENSKE AUTOMOTIVE GROUP INC 882 17,893 45,961 PEP BOYS-MANNY MOE & JACK/THE 24,000 233,758 294,480 PEP BOYS-MANNY MOE & JACK/THE 4,515 47,692 55,399 PEPSICO INC 9,000 560,894 840,060 PERFICIENT INC 453 4,289 8,716 PERICOM SEMICONDUCTOR CORP 741 9,446 9,744 PERRY ELLIS INTERNATIONAL INC 1,784 39,675 42,406 PETROQUEST ENERGY INC 5,998 36,606 11,876 PFIZER INC 25,000 524,510 838,250 PFIZER INC 93,200 2,437,821 3,124,996 PFIZER INC 79,900 1,645,339 2,679,047 PG&E CORP 27,500 1,460,717 1,350,250 PGT INC 33,805 381,787 490,511 PGT INC 410 4,268 5,949 PH GLATFELTER CO 56,290 1,451,490 1,237,817 PH GLATFELTER CO 2,051 39,385 45,101 PHARMERICA CORP 2,909 45,446 96,870 PHIBRO ANIMAL HEALTH CORP 14,525 271,491 565,604 PHILIP MORRIS INTERNATIONAL IN 18,000 632,994 1,443,060 PHILLIPS 66 9,900 295,640 797,544 PHOTRONICS INC 6,292 42,092 59,837 PIER 1 IMPORTS INC 22525 PINNACLE ENTERTAINMENT INC 1,811 24,546 67,514 PINNACLE FINANCIAL PARTNERS IN 403 7,808 21,911 PINNACLE FOODS INC 631 23,016 28,736 PIPER JAFFRAY COS 682 20,130 29,762 PLANTRONICS INC 1,393 38,402 78,440 PLEXUS CORP 1,380 45,180 60,554 PLY GEM HOLDINGS INC 400 4,645 4,716 PMC-SIERRA INC 7,130 63,419 61,033 PNC FINANCIAL SERVICES GROUP I 17,000 1,018,683 1,626,050 PNC FINANCIAL SERVICES GROUP I 7,600 546,744 726,940 POLYPORE INTERNATIONAL INC 1,000 30,401 59,880 POPEYES LOUISIANA KITCHEN INC 166 2,626 9,958 POWER INTEGRATIONS INC 622 18,391 28,102 PRECISION CASTPARTS CORP 5,000 240,755 999,350 PRECISION CASTPARTS CORP 8,790 1,627,752 1,756,857 PREFERRED BANK/LOS ANGELES CA 295 5,038 8,865 PREFORMED LINE PRODUCTS CO 87 3,693 3,282 PREMIER INC 517 18,488 19,884 PREMIERE GLOBAL SERVICES INC 3,933 31,936 40,471 PRESTIGE BRANDS HOLDINGS INC 1,115 10,791 51,558 PRGX GLOBAL INC 1,829 11,364 8,029 58 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (c) - (b) DESCRIPTION (d) (e) COMMON STOCK NO. OF CURRENT ISSUER SHARES COST VALUE PRICELINE GROUP INC/THE 1,917 1,330,487 2,207,176 PRIVATEBANCORP INC 17,775 284,794 707,801 PRIVATEBANCORP INC 234 3,959 9,318 PROCTER & GAMBLE CO/THE 32,074 2,676,537 2,509,470 PROGRESS SOFTWARE CORP 3,279 88,861 90,173 PROS HOLDINGS INC 359 9,086 7,578 PROVIDENCE SERVICE CORP/THE 454 9,381 20,103 PROVIDENT FINANCIAL HOLDINGS I 194 3,135 3,248 PROVIDENT FINANCIAL SERVICES I 2,690 46,666 51,083 PRUDENTIAL FINANCIAL INC 17,000 943,347 1,487,840 PRUDENTIAL FINANCIAL INC 9,300 552,323 813,936 PS BUSINESS PARKS INC 333 17,690 24,026 PUBLIC SERVICE ENTERPRISE GROU 26,900 973,752 1,056,632 PUBLIC SERVICE ENTERPRISE GROU 5,800 249,504 227,824 QAD INC 237 2,044 6,264 QLIK TECHNOLOGIES INC 473 12,009 16,536 QUAD/GRAPHICS INC 571 11,821 10,569 QUAKER CHEMICAL CORP 151 3,043 13,415 QUALCOMM INC 80,426 5,990,237 5,037,080 QUALITY DISTRIBUTION INC 659 5,885 10,188 QUALITY SYSTEMS INC 2,806 56,959 46,495 QUANEX BUILDING PRODUCTS CORP 1,648 28,930 35,317 QUANTA SERVICES INC 29,295 742,998 844,282 QUANTUM CORP 11,229 23,724 18,865 QUINSTREET INC 1,523 11,642 9,823 QUINTILES TRANSNATIONAL HOLDIN 12,200 578,599 885,842 RACKSPACE HOSTING INC 3,100 155,849 115,289 RADNET INC 1,553 11,484 10,390 RAMCO-GERSHENSON PROPERTIES TR 6,960 125,742 113,588 RAYTHEON CO 7,200 370,081 688,896 RBC BEARINGS INC 477 15,747 34,230 RE/MAX HOLDINGS INC 340 11,596 12,073 REALD INC 566 5,072 6,979 REALNETWORKS INC 2,135 21,510 11,550 RED ROBIN GOURMET BURGERS INC 454 16,672 38,962 REDWOOD TRUST INC 3,859 68,827 60,586 REGENCY CENTERS CORP 3,300 190,047 194,634 REGIONAL MANAGEMENT CORP 302 9,864 5,394 REGIONS FINANCIAL CORP 56,200 803,895 582,232 REMY INTERNATIONAL INC 810 16,789 17,909 RENEWABLE ENERGY GROUP INC 884 10,016 10,219 REPUBLIC SERVICES INC 25,000 741,491 979,250 RESOLUTE ENERGY CORP 5,212 21,540 5,040 RESOURCE CAPITAL CORP 4,875 26,256 18,866 RESOURCES CONNECTION INC 2,330 36,480 37,490 REXNORD CORP 1,489 37,088 35,602 RICE ENERGY INC 456 9,671 9,498 ROCK-TENN CO 5,800 296,771 349,160 ROFIN-SINAR TECHNOLOGIES INC 1,659 44,136 45,788 ROGERS CORP 432 17,064 28,572 ROLLINS INC 1,874 19,064 53,465 ROLLS ROYCE HOLDINGS ENTITL 63,732 96 100 ROLLS ROYCE ORD GBP0.20 C 193,908 312 305 59 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (c) - (b) DESCRIPTION (d) (e) COMMON STOCK NO. OF CURRENT ISSUER SHARES COST VALUE ROLLS-ROYCE HOLDINGS PLC 452 6,622 6,185 ROPER TECHNOLOGIES INC 7,000 304,706 1,207,220 ROSETTA RESOURCES INC 404 8,601 9,349 ROSETTA STONE INC 9 114 72 RPC INC 1,841 9,725 25,461 RPX CORP 1,110 17,160 18,759 RR DONNELLEY & SONS CO 17,000 310,066 296,310 RR DONNELLEY & SONS CO 198 3,849 3,453 RTI INTERNATIONAL METALS INC 928 26,026 29,251 RUBY TUESDAY INC 2,131 14,528 13,361 RUDOLPH TECHNOLOGIES INC 697 8,205 8,371 RUSH ENTERPRISES INC 170 3,534 4,456 RUTH'S HOSPITALITY GROUP INC 2,544 17,907 41,009 RYERSON HOLDING CORP 76 756 692 RYMAN HOSPITALITY PROPERTIES I 1,079 16,547 57,306 RYMAN HOSPITALITY PROPERTIES I 165 9,213 8,763 S&T BANCORP INC 1,034 22,214 30,596 SABMILLER PLC 66,042 3,542,599 3,431,674 SABRA HEALTH CARE REIT INC 884 24,683 22,754 SAFETY INSURANCE GROUP INC 987 44,222 56,960 SALEM MEDIA GROUP INC 464 3,651 2,937 SALESFORCE.COM INC 34,650 1,434,912 2,412,680 SANDY SPRING BANCORP INC 839 18,765 23,475 SANMINA CORP 3,309 76,847 66,709 SANTANDER CONSUMER USA HOLDING 12,600 320,309 322,182 SAUL CENTERS INC 139 5,436 6,837 SCANA CORP 7,100 335,019 359,615 SCANSOURCE INC 842 24,329 32,047 SCHLUMBERGER LTD 46,984 4,743,958 4,049,551 SCHNITZER STEEL INDUSTRIES INC 902 36,060 15,758 SCHOLASTIC CORP 12,814 546,724 565,482 SCHWEITZER-MAUDUIT INTERNATION 11,957 488,039 476,845 SCHWEITZER-MAUDUIT INTERNATION 530 11,539 21,136 SCICLONE PHARMACEUTICALS INC 978 4,939 9,604 SCIENCE APPLICATIONS INTERNATI 1,833 94,848 96,874 SEACHANGE INTERNATIONAL INC 61 507 428 SEALED AIR CORP 3,500 173,733 179,830 SEI INVESTMENTS CO 122,376 4,273,852 6,000,095 SELECT COMFORT CORP 2,090 52,956 62,846 SELECT INCOME REIT 623 17,133 12,859 SELECT MEDICAL HOLDINGS CORP 9,971 122,786 161,530 SELECTIVE INSURANCE GROUP INC 356 8,537 9,986 SENECA FOODS CORP 717 17,479 19,911 SERVICEMASTER GLOBAL HOLDINGS 25,955 540,443 938,792 SHOE CARNIVAL INC 321 4,545 9,264 SHORETEL INC 2,815 15,350 19,086 SHUTTERFLY INC 690 20,568 32,989 SIGMA DESIGNS INC 3,130 19,736 37,341 SIGNATURE BANK/NEW YORK NY 5,930 507,195 868,093 SILVER BAY REALTY TRUST CORP 1,254 20,589 20,428 SIMMONS FIRST NATIONAL CORP 436 10,908 20,352 SIMPSON MANUFACTURING CO INC 1,179 34,618 40,086 SIRONA DENTAL SYSTEMS INC 768 57,702 77,123 60 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (c) - (b) DESCRIPTION (d) (e) COMMON STOCK NO. OF CURRENT ISSUER SHARES COST VALUE SJW CORP 640 18,050 19,642 SKECHERS U.S.A. INC 870 17,048 95,517 SKULLCANDY INC 2,712 21,670 20,801 SNYDER'S-LANCE INC 95 2,345 3,066 SONIC AUTOMOTIVE INC 1,927 27,424 45,920 SONUS NETWORKS INC 2,403 31,977 16,629 SONY CORP 23,300 390,669 661,487 SOUTH JERSEY INDUSTRIES INC 342 9,878 8,458 SOUTHWEST BANCORP INC 1,114 14,945 20,732 SPARTANNASH CO 3,204 57,668 104,258 SPARTON CORP 320 8,721 8,742 SPECTRUM BRANDS HOLDINGS INC 876 60,917 89,343 SPEEDWAY MOTORSPORTS INC 306 8,820 6,931 SPOK HOLDINGS INC 991 16,241 16,688 SPORTSMAN'S WAREHOUSE HOLDINGS 456 5,171 5,185 SPRINGLEAF HOLDINGS INC 18,785 474,894 862,419 SPRINGLEAF HOLDINGS INC 1,349 52,673 61,933 STAGE STORES INC 261 5,279 4,575 STAMPS.COM INC 187 5,063 13,758 STANDARD MOTOR PRODUCTS INC 706 5,796 24,795 STANDEX INTERNATIONAL CORP 345 6,508 27,576 STATE AUTO FINANCIAL CORP 738 20,073 17,675 STATE BANK FINANCIAL CORP 1,621 25,848 35,111 STATE STREET CORP 12,000 440,036 924,000 STATE STREET CORP 6,500 297,737 500,500 STATE STREET CORP 23,590 1,241,349 1,816,430 STEEL DYNAMICS INC 10,400 174,659 215,436 STEELCASE INC 1,503 27,840 28,422 STEIN MART INC 2,323 18,808 24,322 STEPAN CO 651 16,765 35,226 STONERIDGE INC 84,920 934,301 994,413 STONERIDGE INC 1,905 20,277 22,308 SUMMIT HOTEL PROPERTIES INC 1,014 12,993 13,192 SUN BANCORP INC/NJ 159 11,528 3,061 SUN HYDRAULICS CORP 441 4,510 16,807 SUNCOKE ENERGY INC 2,877 47,439 37,401 SUNCOR ENERGY INC 53,990 1,907,979 1,485,805 SUNTRUST BANKS INC 15,900 605,386 684,018 SUPER MICRO COMPUTER INC 1,279 22,528 37,833 SUPERIOR ENERGY SERVICES INC 40,900 1,067,212 860,536 SUPERIOR INDUSTRIES INTERNATIO 30,000 528,294 549,300 SUPERIOR INDUSTRIES INTERNATIO 1,207 23,117 22,100 SUPERVALU INC 21,300 467,375 172,317 SURGICAL CARE AFFILIATES INC 792 28,914 30,397 SURMODICS INC 869 13,886 20,352 SYKES ENTERPRISES INC 3,270 65,687 79,298 SYMANTEC CORP 10,100 244,460 234,825 SYSTEMAX INC 1,112 20,890 9,608 TAKE-TWO INTERACTIVE SOFTWARE 1,667 44,569 45,959 TAL INTERNATIONAL GROUP INC 502 20,406 15,863 TAL INTERNATIONAL GROUP INC 529 16,823 16,716 TARGET CORP 5,800 291,176 473,454 TARGET CORP 21,200 1,678,092 1,730,556 61 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (c) - (b) DESCRIPTION (d) (e) COMMON STOCK NO. OF CURRENT ISSUER SHARES COST VALUE TAYLOR MORRISON HOME CORP 570 10,837 11,605 TE CONNECTIVITY LTD 13,800 258,235 887,340 TEAM INC 540 13,272 21,735 TECHTARGET INC 484 4,903 4,322 TEGNA INC 13,100 411,426 420,117 TELADOC INC 4,000 76,000 68,000 TELENAV INC 1,920 14,401 15,456 TELEPHONE & DATA SYSTEMS INC 58,000 1,740,665 1,705,200 TELETECH HOLDINGS INC 1,825 43,894 49,421 TENNANT CO 402 14,431 26,267 TENNECO INC 10,835 464,775 622,362 TESCO CORP 55,735 635,409 607,512 TESCO CORP 3,491 44,808 38,052 TESORO CORP 4,100 302,481 346,081 TESORO CORP 9,900 732,515 835,659 TESSCO TECHNOLOGIES INC 545 9,547 10,796 TESSERA TECHNOLOGIES INC 1,545 26,650 58,679 TETRA TECH INC 1,315 32,899 33,717 TETRA TECHNOLOGIES INC 6,134 65,169 39,135 TEVA PHARMACEUTICAL INDUSTRIES 69,040 3,092,466 4,080,264 TEXAS ROADHOUSE INC 2,725 52,104 101,997 TEXTRON INC 37,570 1,614,193 1,676,749 THERMO FISHER SCIENTIFIC INC 11,165 568,525 1,448,770 THERMON GROUP HOLDINGS INC 558 13,234 13,431 THOR INDUSTRIES INC 86 4,975 4,840 THORATEC CORP 1,031 35,202 45,952 TIERONE CORP 237 3,079 - TILLY'S INC 508 4,958 4,912 TIME WARNER CABLE INC 5,700 465,490 1,015,569 TIME WARNER INC 40,000 1,163,407 3,496,400 TIMKEN CO/THE 3,800 142,568 138,966 TIVO INC 954 12,610 9,674 TOOTSIE ROLL INDUSTRIES INC 408 8,531 13,182 TORO CO/THE 11,085 571,856 751,341 TOWER INTERNATIONAL INC 3,207 77,498 83,542 TOWN SPORTS INTERNATIONAL HOLD 3,130 32,276 9,077 TRANSATLANTIC PETROLEUM LTD 483 5,229 2,468 TRAVELERS COS INC/THE 12,400 569,466 1,198,584 TRAVELERS COS INC/THE 8,200 822,337 792,612 TREDEGAR CORP 60,000 907,283 1,326,600 TREDEGAR CORP 894 18,063 19,766 TREEHOUSE FOODS INC 15,158 1,231,374 1,228,253 TRI POINTE GROUP INC 60,630 857,325 927,639 TRICO BANCSHARES 405 6,986 9,740 TRIMAS CORP 22,255 617,305 658,748 TRIMAS CORP 1,186 15,063 35,106 TRINSEO SA 177 4,917 4,751 TRONOX LTD 2,269 47,465 33,195 TRUEBLUE INC 1,059 17,098 31,664 TTM TECHNOLOGIES INC 2,340 20,459 23,377 TUTOR PERINI CORP 249 5,886 5,373 TWENTY-FIRST CENTURY FOX INC 25,000 860,562 805,500 TWENTY-FIRST CENTURY FOX INC 35,000 539,298 1,139,075 62 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (c) - (b) DESCRIPTION (d) (e) COMMON STOCK NO. OF CURRENT ISSUER SHARES COST VALUE TWENTY-FIRST CENTURY FOX INC 59,100 1,983,287 1,923,410 TYSON FOODS INC 17,000 312,151 724,710 UCBH HOLDINGS INC 7,733 32,835 39 ULTRA CLEAN HOLDINGS INC 924 8,422 5,757 ULTRATECH INC 484 7,990 8,983 UNIFIRST CORP/MA 268 13,323 29,976 UNION PACIFIC CORP 21,000 303,950 2,002,770 UNION PACIFIC CORP 20,425 2,224,839 1,947,932 UNITED COMMUNITY BANKS INC/GA 314 6,014 6,553 UNITED CONTINENTAL HOLDINGS IN 34,000 1,990,210 1,802,340 UNITED DEVELOPMENT FUNDING IV 86 1,596 1,503 UNITED FINANCIAL BANCORP INC 1,191 14,224 16,019 UNITED FIRE GROUP INC 743 17,904 24,341 UNITED ONLINE INC 1,363 20,717 21,358 UNITED PARCEL SERVICE INC 23,430 2,456,409 2,270,601 UNITED PARCEL SERVICE INC 700 70,633 67,837 UNITED STATES CELLULAR CORP 47,417 2,166,074 1,786,198 UNITED STATES CELLULAR CORP 644 26,442 24,259 UNITED TECHNOLOGIES CORP 14,000 500,185 1,553,020 UNITED THERAPEUTICS CORP 432 58,081 75,146 UNITED THERAPEUTICS CORP 92 4,656 16,003 UNITED THERAPEUTICS CORP 4,600 851,281 800,170 UNITEDHEALTH GROUP INC 11,000 418,111 1,342,000 UNITIL CORP 750 21,966 24,765 UNIVERSAL AMERICAN CORP/NY 2,063 17,563 20,878 UNIVERSAL ELECTRONICS INC 504 12,790 25,119 UNIVERSAL FOREST PRODUCTS INC 382 14,895 19,875 UNIVERSAL INSURANCE HOLDINGS I 3,847 31,995 93,097 UNIVERSAL TECHNICAL INSTITUTE 1,340 19,134 11,524 UNIVEST CORP OF PENNSYLVANIA 1,152 23,261 23,455 UNUM GROUP 85,000 1,963,601 3,038,750 UNWIRED PLANET INC 4,131 9,183 2,561 UPSTATE N Y PWR PRODUCERS INC 844 844 37,980 URBAN EDGE PROPERTIES 4,800 115,286 99,792 URSTADT BIDDLE PROPERTIES INC 326 6,055 6,090 USA TRUCK INC 248 5,331 5,265 USANA HEALTH SCIENCES INC 20 1,142 2,733 VAALCO ENERGY INC 4,173 24,735 8,930 VALERO ENERGY CORP 36,000 536,390 2,253,600 VALERO ENERGY CORP 17,800 613,914 1,114,280 VALERO ENERGY CORP 25,950 926,229 1,624,470 VALERO ENERGY CORP 31,400 1,670,531 1,965,640 VANTIV INC 18,075 588,699 690,284 VARIAN MEDICAL SYSTEMS INC 10,163 857,163 857,045 VASCULAR SOLUTIONS INC 571 10,085 19,825 VECTOR GROUP LTD 200 4,101 4,692 VECTRUS INC 833 14,980 20,717 VENTAS INC 8,400 611,883 521,556 VERISIGN INC 2,195 117,450 135,475 VERIZON COMMUNICATIONS INC 57,500 2,776,108 2,680,075 VERIZON COMMUNICATIONS INC 17,100 851,645 797,031 VF CORP 22,226 1,380,565 1,550,041 VIACOM INC 54,500 1,704,355 3,535,415 63 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (c) - (b) DESCRIPTION (d) (e) COMMON STOCK NO. OF CURRENT ISSUER SHARES COST VALUE VIACOM INC 8,700 612,927 562,368 VIAD CORP 1,030 30,239 27,923 VILLAGE SUPER MARKET INC 389 8,147 12,327 VIRTUS INVESTMENT PARTNERS INC 27 5,177 3,571 VIRTUSA CORP 439 8,336 22,565 VISA INC 37,680 1,216,613 2,530,212 VISA INC 77,097 4,380,852 5,177,064 VISHAY PRECISION GROUP INC 699 10,857 10,527 VONAGE HOLDINGS CORP 11,245 48,831 55,213 VOXX INTERNATIONAL CORP 824 7,003 6,823 WAGEWORKS INC 321 16,320 12,984 WARREN RESOURCES INC 4,908 14,441 2,258 WASHINGTON TRUST BANCORP INC 611 15,738 24,122 WASTE MANAGEMENT INC 12,000 390,762 556,200 WASTE MANAGEMENT INC 3,100 148,044 143,685 WATERSTONE FINANCIAL INC 144 1,522 1,901 WATTS WATER TECHNOLOGIES INC 8,000 248,722 414,800 WATTS WATER TECHNOLOGIES INC 1,045 44,974 54,183 WAUSAU PAPER CORP 2,071 18,635 19,012 WD-40 CO 559 24,719 48,722 WEATHERFORD INTERNATIONAL PLC 65,000 883,596 797,550 WEB.COM GROUP INC 445 8,088 10,778 WEBMD HEALTH CORP 2,164 90,998 95,822 WELLS FARGO & CO 52,000 1,608,351 2,924,480 WELLS FARGO & CO 55,000 1,701,606 3,093,200 WELLS FARGO & CO 29,100 583,883 1,636,584 WESCO AIRCRAFT HOLDINGS INC 165 2,832 2,500 WEST CORP 2,025 66,410 60,953 WEST MARINE INC 586 4,061 5,649 WESTERN ALLIANCE BANCORP 31,435 346,675 1,061,241 WESTERN ALLIANCE BANCORP 266 3,007 8,980 WESTERN DIGITAL CORP 9,000 121,023 705,780 WESTWOOD HOLDINGS GROUP INC 98 4,914 5,838 WHIRLPOOL CORP 4,900 333,106 847,945 WHIRLPOOL CORP 7,785 1,595,918 1,347,192 WHITEWAVE FOODS CO/THE 10,526 126,121 514,511 WILLBROS GROUP INC 3,327 34,278 4,259 WILLIAMS COS INC/THE 40,500 730,166 2,324,295 WINTRUST FINANCIAL CORP 15,475 671,202 826,056 WOODWARD INC 15,025 661,723 826,223 WORLD ACCEPTANCE CORP 122 8,617 7,504 WRIGHT MEDICAL GROUP INC 1,078 22,434 28,308 XERIUM TECHNOLOGIES INC 2,870 40,941 52,234 XEROX CORP 38,800 308,763 412,832 XEROX CORP 37,100 484,661 394,744 XO GROUP INC 1,730 16,646 28,286 XYLEM INC/NY 44,000 1,265,226 1,631,080 YADKIN FINANCIAL CORP 339 6,360 7,102 YAHOO! INC 12,000 189,991 471,480 YAHOO! INC 7,400 343,724 290,746 YUM! BRANDS INC 34,484 2,644,630 3,106,319 ZAGG INC 1,083 6,381 8,577 ZIMMER BIOMET HOLDINGS INC 5,500 311,695 600,765 64 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (c) - (b) DESCRIPTION (d) (e) COMMON STOCK NO. OF CURRENT ISSUER SHARES COST VALUE ZIMMER BIOMET HOLDINGS INC 3,800 243,401 415,074 ZIMMER BIOMET HOLDINGS INC 6,165 655,528 673,404 ZOETIS INC 6,300 298,984 303,787 ZYNGA INC 28,166 76,479 80,555 GROSVENOR INSTITUTIONAL PARTNERS LP - CORPORATE STOCK COMMON - 87,578,333 111,118,612 LOOMIS SAYLES CREDIT LONG/SHORT FUND (OFFSHORE) LTD - CORPORATE STOCK COMMON - 3,381,450 3,485,539 MCMORGAN INFRASTRUCTURE FUND I LP - CORPORATE STOCK COMMON - 3,265,397 3,274,834

$ 596,320,047 $ 787,123,577

65 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF PARTNERSHIPS/JOINT VENTURE INTERESTS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) PARTNERSHIPS CURRENT ISSUER COST VALUE DYAL OFFSHORE INVESTORS LP $ 19,828,307 $ 23,043,843 GERDING EDLEN GREEN CITIES I 2,446,394 5,969,582 LAZARD MBS FOCUS FDS LLC 29,573,937 29,721,807 OAKTREE REAL ESTATE DEBT FUND 11,085,881 12,291,087 ABBOTT CAPITAL PRIVATE EQUITY FD III LP - PARTNERSHIPS 2,925,360 1,228,533 DYAL II PENSION INVESTORS LP - PARTNERSHIPS 3,970,586 3,970,586 HAMILTON LANE CARPENTERS PARTNERSHIP FUND II LP - PARTNERSHIPS 5,851,339 7,659,502 METHOD ADVISORS 2009 LP - PARTNERSHIPS 12,653,915 17,361,512 METHOD ADVISORS 2012 LP - PARTNERSHIPS 7,432,010 7,468,238

$ 95,767,729 $ 108,714,690

66 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF REAL ESTATE

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (c) - (b) DESCRIPTION (d) (e) REAL ESTATE CURRENT ISSUER COST VALUE 395 HUDSON NEW YORK LLC - SEPARATE ACCOUNT $ 240,000,000 $ 361,000,000

$ 240,000,000 $ 361,000,000

67 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF NON-PARTICIPANT LOANS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) NON-PARTICIPANT LOANS NO. OF PAR OR CURRENT ISSUER SHARES MATURITY COST VALUE U S TREASURY NOTE - 1.375% - 11/30/2015 $ 3,860,000 $ 3,906,303 $ 3,880,805 U S TREASURY NOTE - 0.500% - 6/30/2016 1,935,000 1,938,846 1,938,149 BANK OF AMERICA CORP - 3.625% - 3/17/2016 220,000 227,845 224,070 BANK OF AMERICA CORP - 1.50% - 10/9/2015 425,000 428,230 425,978 ACTIVISION BLIZZARD INC 144A - 6.125% - 9/15/2023 50,000 53,000 53,625 ALERE INC 144A - 6.375% - 7/1/2023 80,000 80,000 81,400 ALGECO SCOTSMAN GLOBAL FI 144A - 8.50% - 10/15/2018 400,000 400,000 386,000 ALGECO SCOTSMAN GLOBAL FI 144A - 10.75% - 10/15/2019 115,000 112,700 88,263 AMERICAN SEAFOODS GROUP L 144A - 10.75% - 5/15/2016 125,000 123,641 123,125 ANTERO RESOURCES CORP - 5.125% - 12/1/2022 85,000 84,233 80,325 ARCH COAL INC 144A - 8.00% - 1/15/2019 205,000 157,286 43,050 AVIS BUDGET CAR RENTAL LL 144A - 5.25% - 3/15/2025 105,000 105,000 98,569 AXIALL CORP - 4.875% - 5/15/2023 150,000 149,125 144,750 CCO HOLDINGS LLC / CCO HOLDING - 5.75% - 1/15/2024 180,000 183,488 180,900 CCO HOLDINGS LLC / CCO HO 144A - 5.375% - 5/1/2025 145,000 145,000 141,194 CCO HOLDINGS LLC / CCO HO 144A - 5.875% - 5/1/2027 110,000 109,781 107,388 OUTFRONT MEDIA CAPITAL LLC / O - 5.875% - 3/15/2025 70,000 70,000 72,450 CALIFORNIA RESOURCES CORP - 5.00% - 1/15/2020 100,000 86,615 88,000 CALPINE CORP 144A - 6.00% - 1/15/2022 210,000 218,829 222,075 CALPINE CORP 144A - 5.875% - 1/15/2024 205,000 206,375 216,788 CALUMET SPECIALTY PRODUCTS PAR - 7.625% - 1/15/2022 25,000 25,781 25,500 AM CASTLE & CO - 12.75% - 12/15/2016 150,000 154,534 142,875 CENTENE CORP - 5.75% - 6/1/2017 110,000 108,628 116,600 CLIFFS NATURAL RESOURCES 144A - 8.25% - 3/31/2020 150,000 141,075 141,750 COMMERCIAL METALS CO - 4.875% - 5/15/2023 83,000 81,876 78,020 COMSTOCK RESOURCES INC - 7.75% - 4/1/2019 270,000 232,488 113,400 COMSTOCK RESOURCES INC - 9.50% - 6/15/2020 195,000 158,368 82,388 CONCHO RESOURCES INC - 5.50% - 10/1/2022 40,000 40,000 39,800 CONSTELLATION BRANDS INC - 4.75% - 11/15/2024 45,000 45,000 45,113 CROWN CASTLE INTERNATIONAL COR - 4.875% - 4/15/2022 145,000 143,843 146,450 DR HORTON INC - 4.75% - 2/15/2023 190,000 189,625 189,525 DISH DBS CORP - 5.875% - 11/15/2024 40,000 39,852 38,425 DRIVETIME AUTOMOTIVE GROU 144A - 8.00% - 6/1/2021 81,000 81,301 77,355 E*TRADE FINANCIAL CORP - 4.625% - 9/15/2023 35,000 35,000 34,388 FORESTAR USA REAL ESTATE 144A - 8.50% - 6/1/2022 115,000 120,950 119,313 FRONTIER COMMUNICATIONS CORP - 6.25% - 9/15/2021 200,000 197,300 182,000 GLP CAPITAL LP / GLP FINANCING - 4.875% - 11/1/2020 89,986 89,986 91,561 GLP CAPITAL LP / GLP FINANCING - 5.375% - 11/1/2023 80,000 79,838 82,200 GAMESTOP CORP 144A - 5.50% - 10/1/2019 175,000 175,624 179,813 GENERAL CABLE CORP - VAR RT - 10/1/2022 410,000 388,088 384,375 HCA INC - 8.00% - 10/1/2018 142,000 166,988 164,720 HCA INC - 6.50% - 2/15/2020 53,000 59,625 59,228 JAGUAR LAND ROVER AUTOMOT 144A - 4.125% - 12/15/2018 80,000 80,000 81,000 JAGUAR LAND ROVER AUTOMOT 144A - 4.25% - 11/15/2019 105,000 105,000 106,575 JONES ENERGY HOLDINGS LLC / JO - 6.75% - 4/1/2022 300,000 307,851 285,750 KLX INC 144A - 5.875% - 12/1/2022 180,000 180,875 181,780 KEMET CORP - 10.50% - 5/1/2018 3,000 3,069 3,038 KINDRED HEALTHCARE INC 144A - 8.00% - 1/15/2020 75,000 75,000 80,250 LAMAR MEDIA CORP - 5.875% - 2/1/2022 110,000 110,000 113,850 LINN ENERGY LLC / LINN ENERGY - 6.50% - 5/15/2019 210,000 210,589 169,575 MARKWEST ENERGY PARTNERS LP / - 4.875% - 6/1/2025 43,000 42,581 42,033 MATTAMY GROUP CORP 144A - 6.50% - 11/15/2020 100,000 99,604 96,500 MEN'S WEARHOUSE INC/THE - 7.00% - 7/1/2022 535,000 553,463 572,450 NATIONSTAR MORTGAGE LLC / NATI - 7.875% - 10/1/2020 61,000 61,718 60,848 68 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF NON-PARTICIPANT LOANS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) NON-PARTICIPANT LOANS NO. OF PAR OR CURRENT ISSUER SHARES MATURITY COST VALUE NETFLIX INC 144A - 5.875% - 2/15/2025 60,000 60,000 62,107 NEW ENTERPRISE STONE & LIME CO - 13.00% - 3/15/2018 284,991 299,542 307,078 NIELSEN FINANCE LLC / NIELSEN - 4.50% - 10/1/2020 350,000 349,775 348,250 OASIS PETROLEUM INC - 7.25% - 2/1/2019 405,000 400,150 415,125 PDC ENERGY INC - 7.75% - 10/15/2022 12,000 11,286 12,540 PEABODY ENERGY CORP - 6.25% - 11/15/2021 150,000 127,099 51,000 PRESTIGE BRANDS INC - 8.125% - 2/1/2020 40,000 40,000 42,700 PRESTIGE BRANDS INC 144A - 5.375% - 12/15/2021 80,000 80,000 80,000 RANGE RESOURCES CORP - 5.00% - 3/15/2023 75,000 75,000 73,500 REX ENERGY CORP - 8.875% - 12/1/2020 176,943 173,032 159,249 SM ENERGY CO - 6.50% - 11/15/2021 115,000 115,000 119,888 SM ENERGY CO - 5.00% - 1/15/2024 125,000 121,384 118,438 SANCHEZ ENERGY CORP - 6.125% - 1/15/2023 90,000 87,931 80,550 SCHAEFFLER HOLDING FINANC 144A - 6.25% - 11/15/2019 145,000 145,000 152,794 ST BARBARA LTD 144A - 8.875% - 4/15/2018 205,000 204,670 194,750 T-MOBILE USA INC - 6.731% - 4/28/2022 156,000 154,440 162,630 T-MOBILE USA INC - 6.00% - 3/1/2023 135,000 135,000 138,206 TEMPUR SEALY INTERNATIONAL INC - 6.875% - 12/15/2020 140,000 145,775 148,400 TITAN INTERNATIONAL INC - 6.875% - 10/1/2020 130,000 130,667 119,438 TOLL BROTHERS FINANCE CORP - 4.375% - 4/15/2023 150,000 150,188 147,000 VALEANT PHARMACEUTICALS I 144A - 6.375% - 10/15/2020 110,000 116,738 115,844 WELLCARE HEALTH PLANS INC - 5.75% - 11/15/2020 45,000 45,000 46,800 WHITING PETROLEUM CORP - 6.50% - 10/1/2018 300,000 298,611 303,750 WPX ENERGY INC - 6.00% - 1/15/2022 312,000 313,504 308,100 ZF NORTH AMERICA CAPITAL 144A - 4.75% - 4/29/2025 150,000 148,530 145,220 1-800-FLOWERS.COM INC 2,123 - 13,413 22,207 AAON INC 314 - 3,841 7,071 AAR CORP 243 - 5,333 7,744 ABAXIS INC 96 - 1,552 4,942 ABRAXAS PETROLEUM CORP 2,886 - 9,185 8,514 ACCURAY INC 2,364 - 17,769 15,933 ACI WORLDWIDE INC 2,247 - 20,773 55,209 ACORDA THERAPEUTICS INC 428 - 13,939 14,265 ACTUANT CORP 19,925 - 612,049 460,068 ACXIOM CORP 2,339 - 55,034 41,120 ADVANCE AUTO PARTS INC 4,485 - 473,242 714,416 ADVANCED DRAINAGE SYSTEMS INC 12,416 - 220,374 364,161 ADVANCED DRAINAGE SYSTEMS INC 160 - 5,150 4,693 ADVENT SOFTWARE INC 858 - 20,815 37,932 AEROJET ROCKETDYNE HOLDINGS IN 14,349 - 220,299 295,733 AEROPOSTALE INC 1,519 - 6,147 2,461 AEROVIRONMENT INC 580 - 15,045 15,126 AFFYMETRIX INC 4,323 - 24,083 47,207 AG MORTGAGE INVESTMENT TRUST I 222 - 4,325 3,836 AGCO CORP 3,700 - 189,083 210,086 AGCO CORP 6,200 - 269,335 352,036 AGILYSYS INC 752 - 10,951 6,903 AIR LEASE CORP 23,115 - 777,870 783,599 AIR METHODS CORP 534 - 9,567 22,076 AK STEEL HOLDING CORP 1,025 - 5,012 3,967 ALASKA AIR GROUP INC 14,645 - 614,164 943,577 ALBANY MOLECULAR RESEARCH INC 744 - 9,061 15,044 ALTRA INDUSTRIAL MOTION CORP 953 - 13,291 25,903 AM CASTLE & CO 1,031 - 15,258 6,361 AMAG PHARMACEUTICALS INC 1,199 - 57,146 82,803 69 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF NON-PARTICIPANT LOANS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) NON-PARTICIPANT LOANS NO. OF PAR OR CURRENT ISSUER SHARES MATURITY COST VALUE AMAG PHARMACEUTICALS INC 518 - 10,934 35,773 AMBARELLA INC 392 - 14,367 40,254 AMEDISYS INC 4,815 - 109,848 191,300 AMERICAN CAPITAL MORTGAGE INVE 1,813 - 33,636 28,990 AMERICAN STATES WATER CO 1,868 - 47,746 69,845 AMERICAN VANGUARD CORP 1,098 - 15,325 15,152 AMES NATIONAL CORP 212 - 4,980 5,321 AMPCO-PITTSBURGH CORP 5,221 - 68,703 78,942 AMPCO-PITTSBURGH CORP 556 - 11,235 8,407 AMTRUST FINANCIAL SERVICES INC 605 - 5,088 39,634 ANACOR PHARMACEUTICALS INC 178 - 10,224 13,783 ANALOGIC CORP 14,960 - 1,222,409 1,180,344 ANALOGIC CORP 438 - 25,260 34,558 ANI PHARMACEUTICALS INC 168 - 3,725 10,424 ANIKA THERAPEUTICS INC 541 - 18,528 17,869 ANTERO RESOURCES CORP 173 - 6,839 5,941 APPLIED MICRO CIRCUITS CORP 1,982 - 13,115 13,379 ARISTA NETWORKS INC 153 - 11,478 12,506 ARMOUR RESIDENTIAL REIT INC 1,945 - 6,633 5,465 ARTISAN PARTNERS ASSET MANAGEM 238 - 11,887 11,057 ASCENA RETAIL GROUP INC 1,400 - 22,828 23,317 ASCENT CAPITAL GROUP INC 483 - 27,372 20,643 AT&T INC 45,000 - 1,528,968 1,598,400 ATLANTIC TELE-NETWORK INC 571 - 25,272 39,445 ATRICURE INC 511 - 10,487 12,591 AUTOLIV INC 7,280 - 219,586 849,940 AVID TECHNOLOGY INC 1,094 - 17,124 14,594 AXCELIS TECHNOLOGIES INC 4,254 - 9,841 12,592 B&G FOODS INC 593 - 9,984 16,918 BADGER METER INC 270 - 9,764 17,142 BANCFIRST CORP 340 - 15,030 22,253 BANK OF THE OZARKS INC 489 - 5,719 22,372 BANKRATE INC 1,810 - 24,579 18,987 BARNES GROUP INC 800 - 16,774 31,192 BASIC ENERGY SERVICES INC 1,856 - 24,975 14,013 BEST BUY CO INC 47,100 - 1,424,963 1,535,931 BIG LOTS INC 1,492 - 47,305 67,125 BIGLARI HOLDINGS INC 101 - 37,521 41,789 BIODELIVERY SCIENCES INTERNATI 1,535 - 19,940 12,219 BIO-REFERENCE LABORATORIES INC 650 - 14,166 26,813 BIOSCRIP INC 8,043 - 41,353 29,196 BJ'S RESTAURANTS INC 1,577 - 58,837 76,406 BLACKBAUD INC 1,212 - 28,321 69,023 BLOUNT INTERNATIONAL INC 1,236 - 16,993 13,497 BLYTH INC 1,237 - 28,509 7,855 BNC BANCORP 287 - 5,199 5,548 BOFI HOLDING INC 103 - 2,329 10,888 BOINGO WIRELESS INC 554 - 4,332 4,576 BOK FINANCIAL CORP 400 - 27,489 27,832 BONANZA CREEK ENERGY INC 596 - 20,210 10,877 BON-TON STORES INC/THE 2,260 - 27,596 10,441 BOSTON BEER CO INC/THE 164 - 4,880 38,046 BOSTON PRIVATE FINANCIAL HOLDI 1,231 - 10,500 16,508 BOTTOMLINE TECHNOLOGIES DE INC 577 - 10,263 16,046 BOULDER BRANDS INC 1,545 - 15,719 10,722 70 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF NON-PARTICIPANT LOANS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) NON-PARTICIPANT LOANS NO. OF PAR OR CURRENT ISSUER SHARES MATURITY COST VALUE BOYD GAMING CORP 317 - 4,240 4,739 BRADY CORP 1,621 - 42,071 40,104 BRIDGEPOINT EDUCATION INC 1,383 - 18,693 13,221 BRIGGS & STRATTON CORP 252 - 5,176 4,854 BRINKER INTERNATIONAL INC 6,700 - 324,934 386,255 BROADSOFT INC 20,624 - 546,308 712,972 BROADSOFT INC 391 - 10,230 13,517 BROWN-FORMAN CORP 27,750 - 873,070 3,091,905 BROWN-FORMAN CORP 6,600 - 231,330 661,188 BUCKLE INC/THE 2,502 - 119,251 114,517 BUILDERS FIRSTSOURCE INC 657 - 6,577 8,436 C&J ENERGY SERVICES LTD 2,254 - 38,405 29,753 CA INC 6,900 - 181,228 202,101 CABLEVISION SYSTEMS CORP 62,000 - 977,652 1,484,280 CALERES INC 2,000 - 62,380 63,560 CALGON CARBON CORP 8,726 - 176,456 169,110 CALGON CARBON CORP 440 - 6,570 8,527 CALIFORNIA RESOURCES CORP 5,274 - 24,962 31,855 CALIFORNIA WATER SERVICE GROUP 2,686 - 66,384 61,375 CALIX INC 1,707 - 12,897 12,990 CALLAWAY GOLF CO 3,703 - 32,275 33,105 CAL-MAINE FOODS INC 1,166 - 17,914 60,865 CAMPBELL SOUP CO 6,000 - 190,831 285,900 CAMPUS CREST COMMUNITIES INC 918 - 4,973 5,086 CANTERBURY PARK HOLDING CORP 1,500 - 20,096 15,750 CAPITAL CITY BANK GROUP INC 474 - 12,386 7,238 CAPITOL FEDERAL FINANCIAL INC 1,754 - 30,164 21,118 CAPSTEAD MORTGAGE CORP 2,651 - 31,656 29,426 CARBO CERAMICS INC 1,985 - 118,582 82,636 CARDIOVASCULAR SYSTEMS INC 280 - 6,867 7,406 CARDTRONICS INC 762 - 14,609 28,232 CARMIKE CINEMAS INC 462 - 6,256 12,261 CARPENTER TECHNOLOGY CORP 792 - 33,651 30,635 CARRIZO OIL & GAS INC 935 - 36,065 46,039 CASELLA WASTE SYSTEMS INC 4,442 - 24,941 24,920 CASH AMERICA INTERNATIONAL INC 1,920 - 45,389 50,285 CBIZ INC 5,096 - 36,354 49,125 CBOE HOLDINGS INC 4,870 - 270,319 278,661 CBS CORP 1,800 - 28,881 103,320 CENTURY ALUMINUM CO 2,502 - 25,751 26,096 CENVEO INC 4,149 - 17,221 8,796 CHAMBERS STREET PROPERTIES 3,027 - 24,336 24,065 CHEESECAKE FACTORY INC/THE 106 - 5,451 5,781 CHEMED CORP 3,300 - 307,767 432,630 CHEMED CORP 1,370 - 116,917 179,607 CHEMTURA CORP 28,000 - 712,774 792,680 CHEMTURA CORP 661 - 18,963 18,713 CHESAPEAKE ENERGY CORP 103,900 - 2,133,967 1,160,563 CHILDREN'S PLACE INC/THE 1,740 - 102,963 113,813 CHOICE HOTELS INTERNATIONAL IN 1,242 - 48,132 67,379 CIENA CORP 1,668 - 28,722 39,498 CINTAS CORP 2,300 - 177,045 194,557 CITIZENS INC/TX 405 - 2,750 3,021 CITY HOLDING CO 888 - 31,236 43,734 CIVITAS SOLUTIONS INC 230 - 4,980 4,906 71 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF NON-PARTICIPANT LOANS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) NON-PARTICIPANT LOANS NO. OF PAR OR CURRENT ISSUER SHARES MATURITY COST VALUE CLEAN ENERGY FUELS CORP 953 - 5,786 5,356 CLEAR CHANNEL OUTDOOR HOLDINGS 22,708 - 248,375 230,032 CLUBCORP HOLDINGS INC 554 - 12,935 13,230 COBIZ FINANCIAL INC 1,458 - 12,351 19,056 COCA-COLA BOTTLING CO CONSOLID 456 - 25,703 68,888 COGENT COMMUNICATIONS HOLDINGS 722 - 18,223 24,432 COHEN & STEERS INC 5,372 - 162,744 183,078 COHEN & STEERS INC 641 - 17,602 21,845 COLUMBIA SPORTSWEAR CO 1,042 - 28,903 62,999 COMMUNITY BANK SYSTEM INC 1,232 - 26,864 46,533 COMMUNITY TRUST BANCORP INC 33 - 1,026 1,151 COMPUTER PROGRAMS & SYSTEMS IN 86 - 5,006 4,594 COMSTOCK RESOURCES INC 1,249 - 21,088 4,159 CONNECTONE BANCORP INC 250 - 4,844 5,383 CONN'S INC 98 - 2,879 3,891 CONSOLIDATED COMMUNICATIONS HO 3,969 - 78,741 83,389 CONSUMER PORTFOLIO SERVICES IN 983 - 8,913 6,144 CONTAINER STORE GROUP INC/THE 1,149 - 19,891 19,384 CONTANGO OIL & GAS CO 1,394 - 60,811 17,104 CONTINENTAL BUILDING PRODUCTS 200 - 4,021 4,238 COOPER-STANDARD HOLDING INC 93 - 5,781 5,717 COTY INC 118 - 2,475 3,772 CRAY INC 946 - 8,080 27,916 CREDIT ACCEPTANCE CORP 134 - 14,259 32,988 CROCS INC 4,442 - 57,064 65,342 CUMULUS MEDIA INC 343 - 1,573 696 CVB FINANCIAL CORP 482 - 4,643 8,488 CVR ENERGY INC 1,388 - 58,042 52,244 CYBERONICS INC 450 - 21,738 26,757 CYS INVESTMENTS INC 6,809 - 61,734 52,634 DANA HOLDING CORP 1,747 - 37,758 35,953 DATALINK CORP 227 - 2,285 2,029 DEERE & CO 10,800 - 903,547 1,048,140 DEERE & CO 8,000 - 309,126 776,400 DENBURY RESOURCES INC 121,300 - 910,678 771,468 DEPOMED INC 1,444 - 22,866 30,988 DESTINATION MATERNITY CORP 1,160 - 18,220 13,526 DESTINATION XL GROUP INC 4,527 - 19,054 22,680 DIAMOND FOODS INC 642 - 14,662 20,146 DIAMOND RESORTS INTERNATIONAL 715 - 24,361 22,558 DIEBOLD INC 36,476 - 1,287,513 1,276,660 DIGITALGLOBE INC 867 - 23,198 24,094 DILLARD'S INC 4,100 - 339,835 431,279 DISCOVERY COMMUNICATIONS INC 28,141 - 812,555 935,970 DOUGLAS DYNAMICS INC 866 - 12,197 18,602 DREAMWORKS ANIMATION SKG INC 387 - 10,234 10,209 DUPONT FABROS TECHNOLOGY INC 634 - 18,479 18,671 DXP ENTERPRISES INC 201 - 3,992 9,347 DYCOM INDUSTRIES INC 1,337 - 21,019 78,682 DYNEX CAPITAL INC 2,724 - 22,208 20,757 EASTGROUP PROPERTIES INC 463 - 17,814 26,034 EASTMAN KODAK CO 41 - 838 689 EBIX INC 1,037 - 26,790 33,817 ECHO GLOBAL LOGISTICS INC 24,240 - 466,242 791,678 ECHO GLOBAL LOGISTICS INC 486 - 9,866 15,873 72 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF NON-PARTICIPANT LOANS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) NON-PARTICIPANT LOANS NO. OF PAR OR CURRENT ISSUER SHARES MATURITY COST VALUE ELECTRO RENT CORP 1,378 - 20,504 14,965 ELECTRO SCIENTIFIC INDUSTRIES 1,665 - 23,850 8,775 ELIZABETH ARDEN INC 60,890 - 1,291,524 868,291 ELIZABETH ARDEN INC 2,620 - 46,794 37,361 ELLIE MAE INC 119 - 6,296 8,305 EMPIRE DISTRICT ELECTRIC CO/TH 3,176 - 74,085 69,237 ENCORE CAPITAL GROUP INC 534 - 13,319 22,823 ENERNOC INC 1,868 - 23,498 18,120 ENERSYS 6,991 - 419,825 491,397 ENOVA INTERNATIONAL INC 1,119 - 22,752 20,903 ENPRO INDUSTRIES INC 387 - 14,386 22,144 ENTEGRIS INC 5,575 - 46,794 81,228 ENVESTNET INC 261 - 8,396 10,552 ERIE INDEMNITY CO 136 - 11,295 11,162 EROS INTERNATIONAL PLC 531 - 10,688 13,339 ESSENDANT INC 766 - 30,669 30,066 ETHAN ALLEN INTERIORS INC 1,206 - 23,101 31,766 EXPEDIA INC 4,900 - 415,825 535,815 EXPEDITORS INTERNATIONAL OF WA 75,128 - 3,380,008 3,463,776 EXTENDED STAY AMERICA INC 471 - 9,158 8,841 EZCORP INC 3,284 - 41,715 24,400 FACTSET RESEARCH SYSTEMS INC 21,334 - 2,500,980 3,466,988 FAIR ISAAC CORP 892 - 35,129 80,976 FAIRCHILD SEMICONDUCTOR INTERN 3,278 - 58,682 56,972 FAIRPOINT COMMUNICATIONS INC 544 - 10,568 9,912 FAMOUS DAVE'S OF AMERICA INC 301 - 7,919 6,035 FARMER BROS CO 319 - 5,028 7,497 FARO TECHNOLOGIES INC 538 - 20,592 25,125 FBL FINANCIAL GROUP INC 741 - 19,203 42,771 FBR & CO 779 - 19,007 18,026 FEDERAL-MOGUL HOLDINGS CORP 91,781 - 1,058,358 1,041,714 FEDERAL-MOGUL HOLDINGS CORP 2,182 - 29,053 24,766 FIESTA RESTAURANT GROUP INC 881 - 33,099 44,050 FINISAR CORP 1,703 - 38,548 30,433 FIRST CONNECTICUT BANCORP INC/ 668 - 9,667 10,601 FIRST INTERSTATE BANCSYSTEM IN 1,544 - 29,415 42,831 FIRST MIDWEST BANCORP INC/IL 1,296 - 15,983 24,585 FIRST OF LONG ISLAND CORP/THE 227 - 3,599 6,292 FIVE BELOW INC 264 - 9,787 10,436 FLAGSTAR BANCORP INC 216 - 3,748 3,992 FLOTEK INDUSTRIES INC 986 - 19,550 12,355 FLOWSERVE CORP 10,000 - 124,176 526,600 FLUIDIGM CORP 17,810 - 625,917 431,002 FLUIDIGM CORP 187 - 5,095 4,525 FMSA HOLDINGS INC 69,600 - 701,930 570,024 FMSA HOLDINGS INC 1,588 - 12,601 13,006 FNB CORP/PA 1,758 - 18,726 25,175 FORESTAR GROUP INC 72,960 - 1,287,781 960,154 FORESTAR GROUP INC 370 - 5,003 4,869 FORUM ENERGY TECHNOLOGIES INC 2,021 - 46,495 40,986 FRANKLIN ELECTRIC CO INC 800 - 15,326 25,864 FRANKLIN STREET PROPERTIES COR 2,567 - 32,525 29,033 FRED'S INC 5,070 - 97,918 97,800 FRED'S INC 3,106 - 41,707 59,915 FRESH MARKET INC/THE 423 - 20,680 13,595 73 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF NON-PARTICIPANT LOANS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) NON-PARTICIPANT LOANS NO. OF PAR OR CURRENT ISSUER SHARES MATURITY COST VALUE FTD COS INC 690 - 20,804 19,451 FUEL SYSTEMS SOLUTIONS INC 2,422 - 41,617 18,117 FXCM INC 3,716 - 50,467 5,388 GAIN CAPITAL HOLDINGS INC 1,531 - 15,524 14,636 GAMCO INVESTORS INC 253 - 11,539 17,384 GAMESTOP CORP 6,700 - 159,708 287,832 GATX CORP 35,000 - 1,230,440 1,860,250 GENESIS HEALTHCARE INC 80 - 536 528 GENTHERM INC 12,690 - 475,758 696,808 GENTHERM INC 304 - 13,496 16,693 GEOSPACE TECHNOLOGIES CORP 1,675 - 37,638 38,609 GERMAN AMERICAN BANCORP INC 109 - 1,525 3,210 GERON CORP 1,642 - 5,754 7,028 GETTY REALTY CORP 789 - 15,587 12,908 GFI GROUP INC 3,379 - 15,245 19,936 G-III APPAREL GROUP LTD 810 - 17,042 56,984 GLOBAL POWER EQUIPMENT GROUP I 1,269 - 24,145 9,847 GLOBUS MEDICAL INC 2,522 - 52,436 64,740 GLU MOBILE INC 2,308 - 10,006 14,333 GOGO INC 5,000 - 89,472 107,150 GOLD RESOURCE CORP 2,961 - 9,977 8,172 GORMAN-RUPP CO/THE 433 - 6,032 12,159 GOVERNMENT PROPERTIES INCOME T 1,522 - 35,749 28,233 GRACO INC 7,317 - 472,782 519,727 GRANITE CONSTRUCTION INC 1,603 - 56,757 56,923 GREAT LAKES DREDGE & DOCK CORP 1,478 - 9,999 8,809 GREAT SOUTHERN BANCORP INC 470 - 11,986 19,806 GREEN DOT CORP 1,208 - 19,878 23,097 GREENBRIER COS INC/THE 550 - 10,546 25,768 GREENHILL & CO INC 1,018 - 50,835 42,074 GREENHILL & CO INC 74,691 - 3,559,664 3,086,979 GROUP 1 AUTOMOTIVE INC 52 - 2,050 4,723 GTT COMMUNICATIONS INC 389 - 5,252 9,285 GULF ISLAND FABRICATION INC 628 - 16,530 7,015 GULFMARK OFFSHORE INC 2,362 - 58,885 27,399 HAEMONETICS CORP 123 - 4,294 5,087 HALLADOR ENERGY CO 742 - 6,022 6,188 HALYARD HEALTH INC 2,900 - 138,571 117,450 HANGER INC 3,726 - 89,028 87,337 HAWAIIAN HOLDINGS INC 7,200 - 118,659 171,000 HAWAIIAN TELCOM HOLDCO INC 388 - 6,900 10,127 HAWKINS INC 100 - 1,684 4,039 HB FULLER CO 520 - 22,934 21,122 HCI GROUP INC 191 - 6,790 8,444 HEALTHCARE SERVICES GROUP INC 638 - 9,891 21,086 HEALTHWAYS INC 2,952 - 40,828 35,365 HEARTLAND EXPRESS INC 3,861 - 71,066 78,108 HEARTLAND PAYMENT SYSTEMS INC 595 - 9,795 32,160 HEARTWARE INTERNATIONAL INC 56 - 4,780 4,071 HECLA MINING CO 13,217 - 34,853 34,761 HELMERICH & PAYNE INC 3,100 - 193,111 218,302 HHGREGG INC 2,403 - 27,034 8,026 HIBBETT SPORTS INC 586 - 14,576 27,296 HILLENBRAND INC 2,297 - 73,478 70,518 HMS HOLDINGS CORP 958 - 19,120 16,449 74 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF NON-PARTICIPANT LOANS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) NON-PARTICIPANT LOANS NO. OF PAR OR CURRENT ISSUER SHARES MATURITY COST VALUE HNI CORP 350 - 17,935 17,903 HOLOGIC INC 8,600 - 274,140 327,316 HOMETRUST BANCSHARES INC 893 - 14,004 14,967 HORNBECK OFFSHORE SERVICES INC 1,401 - 29,387 28,763 HORSEHEAD HOLDING CORP 1,227 - 12,378 14,380 HOUSTON WIRE & CABLE CO 931 - 12,549 9,236 HSN INC 1,078 - 69,195 75,665 HUB GROUP INC 634 - 19,442 25,576 HURON CONSULTING GROUP INC 11,100 - 690,479 777,999 HURON CONSULTING GROUP INC 788 - 25,103 55,231 HYATT HOTELS CORP 5,968 - 284,478 338,326 HYATT HOTELS CORP 921 - 54,430 52,211 HYSTER-YALE MATERIALS HANDLING 202 - 17,205 13,995 ICONIX BRAND GROUP INC 484 - 8,890 12,085 II-VI INC 2,322 - 36,249 44,072 IMATION CORP 6,483 - 38,034 26,321 IMPAX LABORATORIES INC 11,405 - 281,336 523,718 IMPAX LABORATORIES INC 1,684 - 35,089 77,329 INFINERA CORP 1,158 - 9,009 24,295 INFORMATION SERVICES GROUP INC 3,102 - 14,130 14,828 INTERACTIVE INTELLIGENCE GROUP 360 - 16,690 16,009 INTERDIGITAL INC/PA 2,144 - 113,893 121,972 INTERFACE INC 922 - 11,889 23,096 INTERNAP CORP 838 - 4,373 7,752 INTERNATIONAL FLAVORS & FRAGRA 20,000 - 1,076,830 2,185,800 INTERNATIONAL SPEEDWAY CORP 1,058 - 36,052 38,797 INTEVAC INC 753 - 5,411 4,405 INTREPID POTASH INC 1,881 - 33,683 22,459 INVACARE CORP 2,106 - 40,850 45,553 INVENSENSE INC 732 - 16,620 11,053 INVESTORS REAL ESTATE TRUST 4,038 - 35,744 28,831 IPG PHOTONICS CORP 189 - 6,351 16,098 IRIDIUM COMMUNICATIONS INC 8,249 - 74,223 74,983 IROBOT CORP 600 - 14,579 19,128 IRONWOOD PHARMACEUTICALS INC 379 - 5,204 4,571 ITRON INC 677 - 24,681 23,316 J&J SNACK FOODS CORP 328 - 13,252 36,300 J2 GLOBAL INC 271 - 11,115 18,412 J2 GLOBAL INC 462 - 13,396 31,388 JAKKS PACIFIC INC 3,298 - 32,026 32,617 JAMBA INC 878 - 11,210 13,600 JANUS CAPITAL GROUP INC 57,000 - 506,299 975,840 JANUS CAPITAL GROUP INC 3,858 - 42,345 66,049 JAZZ PHARMACEUTICALS PLC 5,228 - 812,835 920,494 JONES ENERGY INC 511 - 5,064 4,625 JOY GLOBAL INC 13,625 - 696,997 493,225 K12 INC 2,332 - 36,170 29,500 KAISER ALUMINUM CORP 1,044 - 59,823 86,736 KAMAN CORP 16,561 - 309,886 694,568 KANSAS CITY LIFE INSURANCE CO 303 - 12,393 13,850 KB HOME 1,136 - 21,972 18,858 KCG HOLDINGS INC 1,414 - 18,362 17,435 KELLOGG CO 8,500 - 439,970 532,950 KELLY SERVICES INC 2,403 - 44,525 36,886 KNIGHT TRANSPORTATION INC 13,116 - 231,810 350,722 75 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF NON-PARTICIPANT LOANS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) NON-PARTICIPANT LOANS NO. OF PAR OR CURRENT ISSUER SHARES MATURITY COST VALUE KOHL'S CORP 942 - 69,355 58,979 KOHL'S CORP 11,700 - 594,120 732,537 KONA GRILL INC 248 - 5,774 4,814 KRATOS DEFENSE & SECURITY SOLU 4,139 - 28,249 26,076 KRISPY KREME DOUGHNUTS INC 121 - 734 2,330 KRONOS WORLDWIDE INC 1,330 - 18,943 14,577 LACLEDE GROUP INC/THE 19,830 - 972,864 1,032,350 LANDS' END INC 2,340 - 67,857 58,102 LANNETT CO INC 449 - 6,872 26,689 LAREDO PETROLEUM INC 2,148 - 30,640 27,022 LAS VEGAS SANDS CORP 22,000 - 255,041 1,156,540 LEE ENTERPRISES INC/IA 8,254 - 35,256 27,486 LENDINGTREE INC 223 - 5,945 17,530 LENNAR CORP 200 - 6,981 8,624 LEXINGTON REALTY TRUST 3,925 - 41,845 33,284 LEXMARK INTERNATIONAL INC 8,200 - 210,548 362,440 LIBERTY BROADBAND CORP 2,469 - 13,463 125,845 LIFELOCK INC 35,365 - 517,912 579,986 LIFELOCK INC 672 - 11,812 11,021 LIFETIME BRANDS INC 288 - 5,433 4,254 LINDSAY CORP 222 - 12,713 19,516 LINEAR TECHNOLOGY CORP 12,769 - 578,833 564,773 LIONS GATE ENTERTAINMENT CORP 701 - 8,121 25,972 LIQUIDITY SERVICES INC 2,868 - 34,002 27,619 LIVEPERSON INC 1,127 - 14,835 11,056 LOUISIANA-PACIFIC CORP 30,480 - 437,740 519,074 LOUISIANA-PACIFIC CORP 675 - 10,480 11,495 LSI INDUSTRIES INC 565 - 5,715 5,277 LTC PROPERTIES INC 568 - 19,098 23,629 LUMBER LIQUIDATORS HOLDINGS IN 570 - 12,239 11,805 LUMOS NETWORKS CORP 400 - 7,267 5,916 M&T BANK CORP 7,500 - 448,103 936,975 M/A-COM TECHNOLOGY SOLUTIONS H 12,575 - 395,692 480,994 M/A-COM TECHNOLOGY SOLUTIONS H 368 - 10,206 14,076 MASTEC INC 2,593 - 52,476 51,523 MATADOR RESOURCES CO 439 - 10,015 10,975 MATTRESS FIRM HOLDING CORP 315 - 14,994 19,199 MAXWELL TECHNOLOGIES INC 812 - 9,600 4,848 MCCORMICK & CO INC/MD 8,000 - 551,324 647,600 MCDERMOTT INTERNATIONAL INC 4,789 - 12,046 25,573 MDC HOLDINGS INC 182 - 4,950 5,455 MEDIA GENERAL INC 30,000 - 301,559 495,600 MEDIA GENERAL INC 1,206 - 17,411 19,923 MEDICINES CO/THE 1,437 - 25,813 41,113 MERCURY GENERAL CORP 1,295 - 60,147 72,067 MERITAGE HOMES CORP 115 - 5,079 5,415 MGE ENERGY INC 1,419 - 44,402 54,958 MICHAELS COS INC/THE 997 - 27,071 26,829 MILLER ENERGY RESOURCES INC 4,266 - 25,237 1,557 MITCHAM INDUSTRIES INC 88 - 986 369 MITEL NETWORKS CORP 33,005 - 323,728 291,434 MKS INSTRUMENTS INC 1,782 - 50,749 67,609 MODUSLINK GLOBAL SOLUTIONS INC 4,782 - 26,562 16,259 MOLINA HEALTHCARE INC 742 - 40,723 52,163 MONEYGRAM INTERNATIONAL INC 108 - 1,076 993 76 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF NON-PARTICIPANT LOANS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) NON-PARTICIPANT LOANS NO. OF PAR OR CURRENT ISSUER SHARES MATURITY COST VALUE MONRO MUFFLER BRAKE INC 282 - 10,064 17,529 MONSTER WORLDWIDE INC 11,031 - 70,410 72,143 MORNINGSTAR INC 4,700 - 367,331 373,885 MORNINGSTAR INC 467 - 21,183 37,150 MTS SYSTEMS CORP 696 - 35,184 47,989 MUELLER INDUSTRIES INC 2,938 - 88,192 102,007 MULTI-COLOR CORP 55 - 1,938 3,513 MULTI-FINELINE ELECTRONIX INC 434 - 9,039 9,487 MURPHY OIL CORP 4,600 - 253,370 191,222 MYLAN NV 31,020 - 2,278,371 2,105,017 MYRIAD GENETICS INC 3,000 - 84,238 101,970 MYRIAD GENETICS INC 464 - 16,341 15,771 NANOMETRICS INC 1,095 - 18,595 17,651 NATIONAL BANKSHARES INC 102 - 2,315 2,985 NATIONAL BEVERAGE CORP 777 - 8,445 17,475 NATIONAL FUEL GAS CO 35,000 - 1,745,770 2,061,150 NATIONAL HEALTHCARE CORP 381 - 17,474 24,761 NATIONAL INTERSTATE CORP 501 - 9,445 13,687 NATIONAL PRESTO INDUSTRIES INC 454 - 37,460 36,465 NATIONAL WESTERN LIFE INSURANC 160 - 28,520 38,318 NAVISTAR INTERNATIONAL CORP 70,000 - 2,018,105 1,584,100 NBT BANCORP INC 2,030 - 42,549 53,125 NEKTAR THERAPEUTICS 670 - 4,642 8,382 NETSCOUT SYSTEMS INC 1,429 - 40,914 52,401 NEUSTAR INC 343 - 10,008 10,019 NEW JERSEY RESOURCES CORP 18,407 - 486,602 507,113 NEW JERSEY RESOURCES CORP 177 - 4,872 4,876 NEW YORK MORTGAGE TRUST INC 1,168 - 9,210 8,737 NEWPARK RESOURCES INC 1,166 - 7,187 9,480 NN INC 245 - 3,314 6,252 NORTEK INC 486 - 35,034 40,401 NORTHERN OIL AND GAS INC 6,197 - 51,824 41,954 NORTHWEST BANCSHARES INC 800 - 10,040 10,256 NORTHWEST NATURAL GAS CO 1,117 - 50,700 47,115 NORTHWEST PIPE CO 358 - 9,523 7,292 NOVARTIS AG 40,639 - 3,732,610 3,996,439 NOVO NORDISK A/S 47,500 - 2,062,344 2,601,100 NRG YIELD INC 82 - 2,071 1,795 NRG YIELD INC 198 - 4,773 4,354 NUVERRA ENVIRONMENTAL SOLUTION 1,355 - 7,212 8,496 NVIDIA CORP 42,900 - 883,651 862,719 NXSTAGE MEDICAL INC 815 - 10,012 11,642 OCEANFIRST FINANCIAL CORP 1,408 - 21,374 26,259 OCLARO INC 3,068 - 12,116 6,934 OLD NATIONAL BANCORP/IN 1,421 - 19,934 20,548 ORBITZ WORLDWIDE INC 7,774 - 48,822 88,779 OTTER TAIL CORP 201 - 5,395 5,347 OUTERWALL INC 750 - 52,022 57,083 PACCAR INC 19,150 - 944,676 1,221,962 PACIFIC DRILLING SA 2,064 - 8,875 5,779 PACIFIC ETHANOL INC 48 - 747 495 PACWEST BANCORP 17,745 - 483,303 829,756 PACWEST BANCORP 19,675 - 574,726 920,003 PANHANDLE OIL AND GAS INC 314 - 9,908 6,497 PARK ELECTROCHEMICAL CORP 66 - 1,639 1,265 77 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF NON-PARTICIPANT LOANS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) NON-PARTICIPANT LOANS NO. OF PAR OR CURRENT ISSUER SHARES MATURITY COST VALUE PARK NATIONAL CORP 604 - 39,899 52,771 PARSLEY ENERGY INC 265 - 4,859 4,616 PATTERN ENERGY GROUP INC 186 - 4,755 5,279 PDC ENERGY INC 814 - 27,004 43,663 PDL BIOPHARMA INC 11,550 - 79,460 74,267 PEABODY ENERGY CORP 64,900 - 493,400 142,131 PEABODY ENERGY CORP 18,000 - 228,151 39,420 PEBBLEBROOK HOTEL TRUST 127 - 4,982 5,446 PEGASYSTEMS INC 100 - 1,602 2,289 PENN NATIONAL GAMING INC 6,922 - 117,197 127,019 PENN VIRGINIA CORP 3,161 - 16,380 13,845 PENNSYLVANIA REAL ESTATE INVES 2,909 - 48,826 62,078 PEOPLES BANCORP INC/OH 504 - 11,002 11,763 PETMED EXPRESS INC 1,959 - 27,941 33,832 PHI INC 493 - 11,310 14,800 PIER 1 IMPORTS INC 10,080 - 124,444 127,310 PILGRIM'S PRIDE CORP 23,800 - 577,079 546,686 PIONEER ENERGY SERVICES CORP 2,496 - 19,686 15,825 PITNEY BOWES INC 35,500 - 802,230 738,755 PLUG POWER INC 1,104 - 3,326 2,705 PLY GEM HOLDINGS INC 27 - 314 318 POOL CORP 171 - 10,377 12,001 POPEYES LOUISIANA KITCHEN INC 106 - 1,677 6,359 POST HOLDINGS INC 114 - 5,333 6,148 POTBELLY CORP 358 - 5,014 4,386 POTLATCH CORP 989 - 41,167 34,931 POWELL INDUSTRIES INC 364 - 15,662 12,802 POZEN INC 803 - 6,294 8,279 PRICESMART INC 272 - 13,459 24,817 PRIMORIS SERVICES CORP 984 - 15,340 19,483 QUALYS INC 246 - 9,682 9,926 QUEST DIAGNOSTICS INC 4,800 - 284,845 348,096 QUIDEL CORP 424 - 4,970 9,731 QUIKSILVER INC 4,564 - 30,087 3,026 RADIAN GROUP INC 17,800 - 290,004 333,928 RADNET INC 5,012 - 37,062 33,530 RAIT FINANCIAL TRUST 4,979 - 38,465 30,422 RAMBUS INC 1,869 - 13,965 27,082 RAMCO-GERSHENSON PROPERTIES TR 43,270 - 781,728 706,166 RAMCO-GERSHENSON PROPERTIES TR 524 - 5,946 8,552 RAVEN INDUSTRIES INC 849 - 14,261 17,260 REALNETWORKS INC 1,200 - 12,090 6,492 REALPAGE INC 305 - 4,922 5,816 RED ROBIN GOURMET BURGERS INC 104 - 3,819 8,925 REGIS CORP 1,425 - 23,202 22,458 RENASANT CORP 1,250 - 23,449 40,750 RENTRAK CORP 61 - 2,286 4,258 REPLIGEN CORP 538 - 14,615 22,203 REPUBLIC BANCORP INC/KY 761 - 15,917 19,558 RESOURCE CAPITAL CORP 4,213 - 22,690 16,304 REVLON INC 878 - 11,464 32,231 REX AMERICAN RESOURCES CORP 426 - 17,506 27,111 REX ENERGY CORP 2,985 - 18,686 16,686 RIGEL PHARMACEUTICALS INC 1,587 - 4,754 5,094 RLI CORP 115 - 5,585 5,910 78 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF NON-PARTICIPANT LOANS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) NON-PARTICIPANT LOANS NO. OF PAR OR CURRENT ISSUER SHARES MATURITY COST VALUE ROSETTA STONE INC 1,523 - 19,287 12,154 ROUNDY'S INC 8,660 - 65,627 28,058 ROVI CORP 4,158 - 83,424 66,320 RPC INC 80,659 - 426,051 1,115,514 RPC INC 4,506 - 74,395 62,318 RSP PERMIAN INC 166 - 5,020 4,666 RTI SURGICAL INC 3,271 - 14,198 21,131 RUCKUS WIRELESS INC 422 - 4,783 4,363 RUDOLPH TECHNOLOGIES INC 834 - 9,818 10,016 RUSH ENTERPRISES INC 1,632 - 33,923 42,775 RYERSON HOLDING CORP 939 - 9,339 8,545 RYMAN HOSPITALITY PROPERTIES I 27,921 - 428,159 1,482,884 RYMAN HOSPITALITY PROPERTIES I 641 - 35,790 34,044 SABRE CORP 200 - 5,079 4,760 SAIA INC 1,104 - 21,431 43,376 SALEM MEDIA GROUP INC 13,536 - 106,509 85,683 SANCHEZ ENERGY CORP 1,756 - 18,297 17,209 SANDERSON FARMS INC 59 - 5,034 4,434 SCANA CORP 1,000 - 47,186 50,650 SCHOLASTIC CORP 846 - 36,096 37,334 SCHWEITZER-MAUDUIT INTERNATION 7,483 - 305,427 298,422 SCHWEITZER-MAUDUIT INTERNATION 430 - 9,362 17,148 SCIENTIFIC GAMES CORP 1,603 - 21,013 24,911 SEABOARD CORP 5 - 10,755 17,995 SEACHANGE INTERNATIONAL INC 1,618 - 13,451 11,342 SEAGATE TECHNOLOGY PLC 16,600 - 342,880 788,500 SEARS HOMETOWN AND OUTLET STOR 1,026 - 16,070 9,747 SELECT INCOME REIT 363 - 9,983 7,492 SEMTECH CORP 626 - 15,175 12,426 SERVICENOW INC 14,880 - 1,086,244 1,105,733 SHENANDOAH TELECOMMUNICATIONS 770 - 13,632 26,357 SHILOH INDUSTRIES INC 449 - 6,781 5,815 SHOE CARNIVAL INC 591 - 8,367 17,056 SHUTTERSTOCK INC 133 - 9,965 7,799 SILICON GRAPHICS INTERNATIONAL 1,875 - 16,517 12,131 SILICON LABORATORIES INC 1,082 - 42,682 58,439 SINCLAIR BROADCAST GROUP INC 618 - 5,265 17,248 SIRONA DENTAL SYSTEMS INC 6,207 - 466,345 623,307 SJW CORP 120 - 3,384 3,683 SMITH & WESSON HOLDING CORP 3,817 - 34,502 63,324 SNYDER'S-LANCE INC 752 - 18,563 24,267 SONIC CORP 2,849 - 35,220 82,051 SONY CORP 46,700 - 783,014 1,325,813 SOTHEBY'S 349 - 14,443 15,789 SOUTH STATE CORP 58 - 2,008 4,407 SOUTHSIDE BANCSHARES INC 950 - 18,385 27,769 SPARTAN MOTORS INC 1,165 - 7,764 5,336 SPECTRANETICS CORP/THE 308 - 4,387 7,087 SPECTRUM PHARMACEUTICALS INC 1,753 - 15,095 11,991 STAGE STORES INC 2,283 - 46,178 40,021 STARWOOD WAYPOINT RESIDENTIAL 201 - 5,065 4,776 STERLING BANCORP/DE 1,921 - 17,675 28,239 STERLING CONSTRUCTION CO INC 1,298 - 16,364 5,192 STEVEN MADDEN LTD 15,355 - 520,158 656,887 STEVEN MADDEN LTD 922 - 20,459 39,443 79 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF NON-PARTICIPANT LOANS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) NON-PARTICIPANT LOANS NO. OF PAR OR CURRENT ISSUER SHARES MATURITY COST VALUE STILLWATER MINING CO 1,373 - 13,903 15,913 STOCK YARDS BANCORP INC 500 - 12,561 18,895 STRAYER EDUCATION INC 885 - 46,368 38,144 STURM RUGER & CO INC 1,082 - 52,572 62,161 SUN COMMUNITIES INC 179 - 4,274 11,068 SUNEDISON SEMICONDUCTOR LTD 245 - 5,025 4,231 SUNPOWER CORP 966 - 17,860 27,444 SWIFT TRANSPORTATION CO 797 - 10,844 18,068 SYNAPTICS INC 399 - 13,862 34,607 SYNCHRONOSS TECHNOLOGIES INC 414 - 10,573 18,932 SYNTEL INC 576 - 9,313 27,348 TAKE-TWO INTERACTIVE SOFTWARE 32 - 856 882 TAL INTERNATIONAL GROUP INC 12,283 - 499,299 388,143 TAL INTERNATIONAL GROUP INC 6,000 - 176,857 189,600 TAL INTERNATIONAL GROUP INC 1,124 - 35,746 35,518 TASER INTERNATIONAL INC 1,207 - 5,558 40,205 TERADATA CORP 55,000 - 2,296,683 2,035,000 TFS FINANCIAL CORP 1,471 - 18,489 24,742 TITAN INTERNATIONAL INC 1,693 - 23,742 18,183 TITAN MACHINERY INC 425 - 6,338 6,260 TOMPKINS FINANCIAL CORP 567 - 22,629 30,459 TOOTSIE ROLL INDUSTRIES INC 31,419 - 656,987 1,015,148 TOWNE BANK/PORTSMOUTH VA 963 - 14,216 15,687 TRAVELCENTERS OF AMERICA LLC 2,217 - 21,033 32,922 TRAVELZOO INC 456 - 9,989 5,144 TREEHOUSE FOODS INC 177 - 14,379 14,342 TREX CO INC 226 - 2,278 11,171 TRINITY INDUSTRIES INC 12,600 - 274,645 333,018 TRONOX LTD 39,655 - 915,360 580,153 TRONOX LTD 1,845 - 38,596 26,992 TRUSTCO BANK CORP NY 4,680 - 30,910 32,900 TTM TECHNOLOGIES INC 5,113 - 44,704 51,079 TUESDAY MORNING CORP 2,410 - 17,356 27,149 TUMI HOLDINGS INC 220 - 4,947 4,514 TUTOR PERINI CORP 872 - 20,612 18,818 TWIN DISC INC 685 - 10,665 12,768 TYSON FOODS INC 80,000 - 1,679,536 3,410,400 ULTRA PETROLEUM CORP 886 - 13,574 11,093 UNION BANKSHARES CORP 1,153 - 19,604 26,796 UNITED DEVELOPMENT FUNDING IV 200 - 3,711 3,496 UNITED INSURANCE HOLDINGS CORP 589 - 8,375 9,153 UNITED STATES CELLULAR CORP 6,583 - 300,720 247,982 UNITED STATES CELLULAR CORP 565 - 23,199 21,284 UNITED STATES STEEL CORP 60,100 - 1,995,369 1,239,262 UNITED THERAPEUTICS CORP 3,943 - 530,122 685,885 UNITED THERAPEUTICS CORP 3,408 - 172,476 592,822 UNIVERSAL AMERICAN CORP/NY 1,280 - 10,897 12,954 UNIVERSAL DISPLAY CORP 11,340 - 398,576 586,618 UNIVERSAL FOREST PRODUCTS INC 23 - 897 1,197 US CONCRETE INC 399 - 8,367 15,118 US ECOLOGY INC 603 - 12,373 29,378 US SILICA HOLDINGS INC 325 - 11,014 9,542 USA TRUCK INC 205 - 4,406 4,352 USANA HEALTH SCIENCES INC 359 - 20,504 49,061 UTI WORLDWIDE INC 5,347 - 62,076 53,417 80 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF NON-PARTICIPANT LOANS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) NON-PARTICIPANT LOANS NO. OF PAR OR CURRENT ISSUER SHARES MATURITY COST VALUE VARIAN MEDICAL SYSTEMS INC 49,814 - 4,201,388 4,200,815 VASCO DATA SECURITY INTERNATIO 2,064 - 22,905 62,312 VECTOR GROUP LTD 3,065 - 62,847 71,905 VEECO INSTRUMENTS INC 1,112 - 39,177 31,959 VEEVA SYSTEMS INC 502 - 14,869 14,071 VERA BRADLEY INC 907 - 15,137 10,222 VERISIGN INC 7,305 - 390,876 450,865 VERITIV CORP 355 - 14,924 12,943 VICOR CORP 1,011 - 11,181 12,324 VISA INC 8,407 - 477,708 564,530 VISHAY INTERTECHNOLOGY INC 23,700 - 346,652 276,816 VISHAY PRECISION GROUP INC 200 - 3,107 3,012 VITAMIN SHOPPE INC 1,319 - 51,282 49,159 VONAGE HOLDINGS CORP 2,516 - 10,926 12,354 W&T OFFSHORE INC 6,636 - 43,670 36,365 WALT DISNEY CO/THE 20,570 - 953,272 2,347,860 WASHINGTON REAL ESTATE INVESTM 1,577 - 39,488 40,923 WATERSTONE FINANCIAL INC 1,232 - 13,019 16,262 WEIS MARKETS INC 789 - 31,971 33,256 WERNER ENTERPRISES INC 2,428 - 74,157 63,735 WESBANCO INC 890 - 20,558 30,278 WESCO AIRCRAFT HOLDINGS INC 1,874 - 32,162 28,391 WESTAMERICA BANCORPORATION 279 - 12,089 14,131 WESTERN ASSET MORTGAGE CAPITAL 2,356 - 36,177 34,798 WESTMORELAND COAL CO 967 - 25,893 20,094 WINDSTREAM HOLDINGS INC 16,500 - 123,849 105,270 WINTHROP REALTY TRUST 1,527 - 12,409 23,134 WORLD ACCEPTANCE CORP 1,146 - 80,941 70,490 WORLD WRESTLING ENTERTAINMENT 1,643 - 18,243 27,110 WORTHINGTON INDUSTRIES INC 1,861 - 70,557 55,942 WRIGHT MEDICAL GROUP INC 1,071 - 22,288 28,124 WSFS FINANCIAL CORP 1,019 - 16,139 27,870 XCERRA CORP 2,685 - 19,832 20,325 ZELTIQ AESTHETICS INC 742 - 14,692 21,867 ZUMIEZ INC 347 - 4,188 9,241 LOOMIS SAYLES CREDIT LONG/SHORT FUND (OFFSHORE) LTD - LOANS (OTHER THAN TO PARTICIPANTS) - 4,465,118 4,602,564 GROSVENOR INSTITUTIONAL PARTNERS LP - LOANS (OTHER THAN TO PARTICIPANTS) - 271,333 342,280 MCMORGAN INFRASTRUCTURE FUND I LP - LOANS (OTHER THAN TO PARTICIPANTS) - 8,679,600 8,679,600

$ 132,972,398 $ 152,471,767

81 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF COMMON/COLLECTIVE TRUST FUNDS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) COMMON TRUST FUNDS CURRENT ISSUER NO. OF SHARES COST VALUE AFL-CIO BUILDING INVESTMENT TR 8,620 $ 16,856,350 $ 50,001,238 LONGVIEW LARGE CAP 500 150,355 30,837,525 98,978,029 SSGA MSCI ACWI EX US FUND 9,209,503 130,000,000 167,474,809 EARNEST PARTNERS INTERNATIONAL 6,751,927 85,251,189 98,983,244 MULTI-EMPLOYER PROPERTY TRUST 13,329 36,970,435 118,296,441 WELLINGTON GLOBAL TOTAL RETURN 9,433,548 99,851,523 103,769,030 LONGVIEW ULTRA 1 CONSTRUCTION 3,956 8,102,263 5,221,276 EB TEMPORARY INVESTMENT FUND 262,095 262,095 262,095

$ 408,131,380 $ 642,986,162

82 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF POOLED SEPARATE ACCOUNTS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) POOLED SEPARATE ACCOUNTS CURRENT ISSUER UNITS COST VALUE SEPARATE ACCOUNT J OF THE UNION LABOR LIFE INSURANCE COMPANY 5,632 $ 74,671,083 $ 74,974,679

$ 74,671,083 $ 74,974,679

83 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF 103-12 INVESTMENT ENTITIES

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) 103-12 INVESTMENT ENTITIES CURRENT ISSUER NO. OF SHARES COST VALUE GOLDENTREE HIGH YIELD VALUE FUND OFFSHORE II LTD 62,526 $ 65,295,523 $ 87,710,564 WS GROUP TRUST GLOBAL FUND 5,799,633 114,681,783 151,599,444

$ 179,977,306 $ 239,310,008

84 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF REGISTERED INVESTMENT COMPANIES

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) REGISTERED INVESTMENT COMPANIES CURRENT ISSUER NO. OF SHARES COST VALUE GOLDMAN SACHS STRATEGIC INCOME FUND 7,851,889 $ 79,537,588 $ 78,832,963 GROSVENOR INSTITUTIONAL PARTNERS LP - REGISTERED INVESTMENT COMPANIES - 174,429 220,037

$ 79,712,017 $ 79,053,000

85 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF OTHER INVESTMENTS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) OTHER CURRENT ISSUER COST VALUE GROSVENOR INSTITUTIONAL PARTNERS LP - OTHER INVESTMENTS $ 6,918,993 $ 8,728,129 LOOMIS SAYLES CREDIT LONG/SHORT FUND (OFFSHORE) LTD - OTHER INVESTMENTS 1,385,059 1,427,694 MCMORGAN INFRASTRUCTURE FUND I LP - OTHER INVESTMENTS 318,169 319,089

$ 8,622,221 $ 10,474,912

86 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE RECONCILING THE STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS TO FORM 5500

JUNE 30, 2015

Per Financial Statements Reclassification Per Form 5500 Assets Investments Interest bearing cash $ - $ 19,263,442 $ 19,263,442 U.S. government securities 97,255,501 2,237,041 99,492,542 Corporate debt instruments 174,907,383 45,214,346 220,121,729 Corporate stock 710,475,879 78,625,358 789,101,237 Partnership/joint venture interests 258,277,748 (149,563,058) 108,714,690 Real estate 361,000,000 - 361,000,000 Loans (other than participant loans) 138,847,323 13,624,444 152,471,767 Common/collective trust funds 642,986,162 - 642,986,162 Pooled separate accounts 74,974,679 - 74,974,679 103-12 investment entities 239,310,008 - 239,310,008 Registered investment companies 78,832,963 220,037 79,053,000 Other investments - 10,474,912 10,474,912 Receivables 48,731,538 26,903,632 75,635,170 Other assets - 24,448 24,448 Cash 90,661,924 - 90,661,924 Collateral held under securities lending agreement 142,900,271 - 142,900,271 Other assets 727,780 - 727,780

Total assets 3,059,889,159 47,024,602 3,106,913,761

Liabilities Operating payables 2,256,691 300,740 2,557,431 Other liabilities 142,900,271 46,723,862 189,624,133

Total liabilities 145,156,962 47,024,602 192,181,564

Net assets available for benefits $ 2,914,732,197 $- $ 2,914,732,197

The Plan’s holding in various investments were determined to be plan assets for Form 5500 purposes. This schedule reconciles audited financial statement amounts, plus the Plan's share of amounts provided by the investment managers to the Form 5500 Schedule H amounts.

87 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULES OF ADMINISTRATIVE EXPENSES

YEARS ENDED JUNE 30, 2015 AND 2014

2015 2014

Payroll $ 1,327,816 $ 1,285,128 Payroll taxes 104,120 99,506 Employee benefits 945,979 838,167 Occupancy 409,530 502,133 Telephone 29,181 34,867 Office 209,698 356,197 Printing and postage 89,090 102,009 Legal and collection 731,525 897,420 Accounting 65,400 85,410 Payroll audits 774,232 753,792 Consulting 232,468 232,909 Computer 205,110 47,817 Outside services 144,102 110,598 Insurance 708,993 701,617 Conferences and meetings 25,855 25,294 Repairs and maintenance 82,120 82,323 Taxes 159,958 - Data processing 23,936 404,580 Depreciation 50,870 20,564 Reimbursements to related organizations - 49,091 Reimbursements from related organizations - (52,241)

Total administrative expenses $ 6,319,983 $ 6,577,181

88 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF INTEREST BEARING CASH

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

$ 19,263,442 $ 19,263,442

25 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF U.S. GOVERNMENT SECURITIES

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

$ 97,016,241 $ 99,024,816 $ 99,492,542

26 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE DEBT INSTRUMENTS - PREFERRED

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE DEBT INSTRUMENTS - PREFERRED

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE DEBT INSTRUMENTS - PREFERRED

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

$ 70,697,989 $ 71,106,254 $ 70,993,457

29 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE DEBT INSTRUMENTS - OTHER

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE DEBT INSTRUMENTS - OTHER

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE DEBT INSTRUMENTS - OTHER

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE DEBT INSTRUMENTS - OTHER

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE DEBT INSTRUMENTS - OTHER

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE DEBT INSTRUMENTS - OTHER

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE DEBT INSTRUMENTS - OTHER

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE DEBT INSTRUMENTS - OTHER

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

37 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE DEBT INSTRUMENTS - OTHER

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

$ 103,379,321 $ 146,918,909 $ 149,128,272

38 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE STOCK - PREFERRED

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (c) - (b) DESCRIPTION (d) (e) PREFERRED STOCK CURRENT ISSUER COST VALUE LOOMIS SAYLES CREDIT LONG/SHORT FUND (OFFSHORE) LTD - CORPORATE STOCK PREFERRED $ 1,918,601 $ 1,977,660

$ 1,918,601 $ 1,977,660

39 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF CORPORATE STOCK - COMMON

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

$ 596,320,047 $ 787,123,577

65 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF PARTNERSHIPS/JOINT VENTURE INTERESTS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

$ 95,767,729 $ 108,714,690

66 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF REAL ESTATE

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (c) - (b) DESCRIPTION (d) (e) REAL ESTATE CURRENT ISSUER COST VALUE 395 HUDSON NEW YORK LLC - SEPARATE ACCOUNT $ 240,000,000 $ 361,000,000

$ 240,000,000 $ 361,000,000

67 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF NON-PARTICIPANT LOANS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF NON-PARTICIPANT LOANS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF NON-PARTICIPANT LOANS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF NON-PARTICIPANT LOANS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF NON-PARTICIPANT LOANS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF NON-PARTICIPANT LOANS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF NON-PARTICIPANT LOANS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF NON-PARTICIPANT LOANS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF NON-PARTICIPANT LOANS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF NON-PARTICIPANT LOANS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF NON-PARTICIPANT LOANS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF NON-PARTICIPANT LOANS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF NON-PARTICIPANT LOANS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

SCHEDULE OF NON-PARTICIPANT LOANS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

$ 132,972,398 $ 152,471,767

81 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF COMMON/COLLECTIVE TRUST FUNDS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

$ 408,131,380 $ 642,986,162

82 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF POOLED SEPARATE ACCOUNTS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

(a) NOT APPLICABLE (b) (c) - DESCRIPTION (d) (e) POOLED SEPARATE ACCOUNTS CURRENT ISSUER UNITS COST VALUE SEPARATE ACCOUNT J OF THE UNION LABOR LIFE INSURANCE COMPANY 5,632 $ 74,671,083 $ 74,974,679

$ 74,671,083 $ 74,974,679

83 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF 103-12 INVESTMENT ENTITIES

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

$ 179,977,306 $ 239,310,008

84 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF REGISTERED INVESTMENT COMPANIES

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

$ 79,712,017 $ 79,053,000

85 NEW YORK CITY DISTRICT COUNCIL OF CARPENTERS PENSION FUND

SCHEDULE OF OTHER INVESTMENTS

JUNE 30, 2015

EIN 51-0174276, PLAN NO. 001 FORM 5500, SCHEDULE H, LINE 4I - ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR

$ 8,622,221 $ 10,474,912