| þ | ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
| o | TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
| Item 4. | FINANCIAL STATEMENTS AND EXHIBITS |
a) The following Plan financial statements, schedules and reports are attached hereto: |
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Report of Independent Registered Public Accounting Firm |
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Statements of Net Assets Available for Benefits as of December 31, 2010 and 2009 |
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Statements
of Changes in Net Assets Available for Benefits for the Years Ended December 31, 2010 and 2009 |
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Notes to Financial Statements |
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Supplemental Schedule |
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Schedule H, Line 4i — Schedule of Assets (Held at End of Year) as of December 31, 2010 |
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b) Exhibit 23.1 Consent of Independent Registered Public Accounting Firm |
| Page | ||||||||
| 1 | ||||||||
| 2 | ||||||||
| 3 | ||||||||
| 4 | ||||||||
Supplemental Schedule |
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| 12 | ||||||||
| Exhibit 23.1 | ||||||||
| Note: | All other schedules required by the Department of Labor’s Rules and Regulations for
Reporting and Disclosure under the Employee Retirement Income Security Act of 1974, as amended,
have been omitted because there is no information to report. |
/s/ KPMG LLP
|
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June 24, 2011 |
1
| At December 31, | ||||||||
| 2010 | 2009 | |||||||
Assets: |
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Investments, at fair value |
$ | 26,377,307 | $ | 21,887,765 | ||||
Contributions receivable |
55,837 | 37,308 | ||||||
Interest and dividends receivable |
43,166 | 40,150 | ||||||
Excess contribution receivable |
— | 747 | ||||||
Total assets |
26,476,310 | 21,965,970 | ||||||
Liabilities: |
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Excess contribution payable |
30 | 319 | ||||||
Net assets available for benefits |
$ | 26,476,280 | $ | 21,965,651 | ||||
2
| For the Years ended December 31, | ||||||||
| 2010 | 2009 | |||||||
Additions: |
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Investment income: |
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Interest and other |
$ | 362 | $ | 243 | ||||
Dividends |
198,727 | 192,242 | ||||||
Net appreciation in fair value of investments |
2,801,064 | 1,241,028 | ||||||
Total investment income |
3,000,153 | 1,433,513 | ||||||
Contributions: |
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Employer |
595,575 | 534,767 | ||||||
Participants |
1,620,913 | 1,467,125 | ||||||
Rollovers |
198,912 | 547,734 | ||||||
Total contributions |
2,415,400 | 2,549,626 | ||||||
Total additions |
5,415,553 | 3,983,139 | ||||||
Deductions: |
||||||||
Benefits paid directly to participants |
904,924 | 711,762 | ||||||
Total deductions |
904,924 | 711,762 | ||||||
Net increase in net assets available
for benefits |
4,510,629 | 3,271,377 | ||||||
Net assets available for benefits: |
||||||||
Beginning of year |
21,965,651 | 18,694,274 | ||||||
End of year |
$ | 26,476,280 | $ | 21,965,651 | ||||
3
| (1) | Description of Plan |
The following brief description of the Univest Corporation of Pennsylvania Deferred Salary
Savings Plan (the Plan) provides only general information. Participants should refer to the
summary plan description for a more complete description of the Plan’s provisions. |
| (a) | General |
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The Plan is a deferred salary savings plan established June 23, 1982 and restated
effective January 1, 2008, covering all employees of Univest Corporation of Pennsylvania
and its wholly owned subsidiaries (the Corporation or the Employer) who have attained
the age of 18. Employees can enter the Plan on the first day of the month following the
fulfillment of the eligibility requirements. However, with respect to matching
contributions, qualified non-elective contributions and discretionary profit-sharing
contributions, employees are eligible to receive these contributions in the Plan after
they have completed at least six months of service. The Plan is subject to the
provisions of the Employment Retirement Income Security Act of 1974 (ERISA), as amended. |
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The Plan is administered by the Deferred Salary Savings Plan Committee appointed by the
board of directors of the Corporation. The trustees have appointed Univest National Bank
and Trust Co. (the Bank), a wholly owned subsidiary of the Corporation, as investment
manager of the Plan. |
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| (b) | Plan Amendment |
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Effective January 1, 2010, the Plan was amended to allow Roth 401(k) elective
contributions. Under this contribution option, a participant can make after-tax
contributions and distributions of participant contributions and earnings at retirement
are generally tax-free. Employer contributions made on a participant’s Roth 401(k)
contributions are made on a pre-tax basis. |
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| (c) | Contributions |
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Participants may contribute a percentage of eligible compensation on a pre-tax or
after-tax basis or a combination thereof, up to the Internal Revenue Code (IRC) maximum
allowable limit for 2010 of $16,500 if under age 50 and $22,000 if over age 50.
Participant contributions may be subject to additional limitations imposed by the IRC as
detailed in the Plan. |
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The Employer makes a matching contribution of up to 50% of the participants’
contributions on a pre-tax basis under the plan provisions. Matching contributions are
limited to the initial 6% of compensation a participant contributes. Additional amounts
may be contributed at the election of the Corporation’s board of directors. Participants
may also contribute amounts representing distributions from other qualified plans
(rollovers). |
4
| (d) | Investment Options |
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Participants direct the investment of their contributions, matching contributions,
qualified non-elective contributions and discretionary contributions into various
investment options offered by the Plan. The Plan currently offers investments in the
Corporation’s common stock, registered investment companies and guaranteed interest
accounts. |
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| (e) | Participant Accounts |
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Each participant’s account is credited with the participant’s contribution and an
allocation of (a) the Employer’s contribution, (b) Plan earnings (losses), and (c)
forfeitures of terminated participants’ nonvested accounts used to reduce the Employer’s
matching contribution. |
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| (f) | Vesting |
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Participants are considered fully vested at all times in their voluntary contributions,
plus actual earnings (losses) thereon. |
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Vesting in the remainder of participant accounts is based upon the number of years of
continuous service. A participant is 50% vested at the end of two years of service, 75%
vested at the end of three years of service, and fully vested at the end of four years
of service. Participants attaining their normal retirement age, participants who become
disabled and beneficiaries of participants who die are entitled to 100% of participant’s
accrued benefits, regardless of credited service period. |
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| (g) | Payment of Benefits |
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The benefit to which a participant is entitled is that which can be provided from the
participant’s account. Benefits shall be paid in either a lump-sum payment or calculated
periodic payments when payable, based upon the election of the participant and as
specified in the Plan agreement. Generally, benefit payments must commence not later
than the year in which a participant attains age 701/2. |
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| (h) | Participant Loans |
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Loans to participants from the Plan are not permitted. |
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| (i) | Plan Termination |
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Although it has not expressed any intent to do so, the Corporation has the right under
the Plan to discontinue its contributions at any time and to terminate the Plan subject
to the provisions of ERISA. In the event of plan termination, participants will become
fully vested in their accounts. |
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| (j) | Forfeited Accounts |
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At December 31, 2010 and 2009, forfeited nonvested accounts that were unallocated to
participants totaled $904 and $2,315, respectively. During 2010 and 2009, the
Corporation used forfeited amounts to reduce employer contributions by $11,801 and
$13,028, respectively. |
5
| (2) | Summary of Accounting Policies |
| (a) | Basis of Accounting |
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The accompanying financial statements of the Plan are prepared on the accrual method of
accounting in accordance with U.S. generally accepted accounting principles. |
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| (b) | Investment Valuation and Income Recognition |
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Investments are stated at fair value. The underlying securities in each registered
investment company are listed on national securities exchanges and valued on the basis
of year-end closing prices; securities traded in the over-the-counter market are valued
at the closing price on the last business day of the year; and guaranteed interest
accounts are valued at cost plus accrued interest which approximates fair value. Gain or
loss on securities sold is based on average cost. Purchases and sales of securities are
recorded on a trade-date basis. Interest income is recorded on the accrual basis.
Dividends are recorded on the ex-dividend date. |
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| (c) | Use of Estimates |
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The preparation of the financial statements in conformity with U.S. generally accepted
accounting principles requires management to make estimates and assumptions that affect
the reported amounts of assets and liabilities and changes therein, and disclosure of
contingent assets and liabilities. Actual results could differ from those estimates. |
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| (d) | Expenses |
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The Corporation pays the costs of trust and other administrative services of the Plan. |
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| (e) | Payment of Benefits |
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Benefit payments to participants are recorded when paid. |
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| (f) | Recent Accounting Pronouncements |
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In January 2010, the Financial Accounting Standards Board (FASB) issued an Accounting
Standard Codification Update for improving disclosures about fair value measurements.
This update requires companies to disclose, and provide the reasons for, all transfers
of assets and liabilities between the Level 1 and 2 fair value categories. It also
clarifies that companies should provide fair value measurement disclosures for classes
of assets and liabilities which are subsets of line items within the statement of
financial position, if necessary. In addition, the update clarifies that companies are
required to provide disclosures about the fair value techniques and inputs for assets
and liabilities classified within Level 2 or 3 categories. The disclosure requirements
prescribed by this update are effective for fiscal years beginning after December 31,
2009 or the year ending December 31, 2010 for the Plan. The adoption of these
provisions did not materially impact the Plan’s fair value measurement disclosures. This
update also requires companies to reconcile changes in Level 3 assets and liabilities by
separately providing information about Level 3 purchases, sales, issuances and
settlements on a gross basis. This provision of this update is effective for fiscal
years beginning after December 15, 2010 or the year ending December 31, 2011 for the
Plan. The future adoption of this provision is not expected to materially impact the
Plan’s fair value measurement disclosures. |
6
| (3) | Investments |
Investments that represent 5% or more of the fair value of the Plan’s net assets as of
December 31, 2010 and 2009 are indicated below. |
| At December 31, | ||||||||
| 2010 | 2009 | |||||||
Univest Corporation of Pennsylvania common stock |
$ | 3,646,134 | $ | 3,151,894 | ||||
John Hancock Lifestyle Balanced Fund |
3,635,685 | 3,067,598 | ||||||
John Hancock Lifestyle Growth Fund |
3,559,680 | 2,903,642 | ||||||
For the years ended December 31, 2010 and 2009, the Plan’s investments, including investments
purchased and sold, as well as held during the year appreciated (depreciated) in fair value as
follows: |
| For the Years ended December 31, | ||||||||
| 2010 | 2009 | |||||||
Univest Corporation of Pennsylvania common
stock |
$ | 323,810 | $ | (2,577,445 | ) | |||
Shares of registered investment companies |
2,476,989 | 3,816,314 | ||||||
John Hancock guaranteed interest accounts |
265 | 2,159 | ||||||
| $ | 2,801,064 | $ | 1,241,028 | |||||
| (4) | Fair Value Disclosure |
Fair value is the price that would be received to sell an asset or paid to transfer a
liability (an exit price) in an orderly transaction between market participants on the
measurement date. The Plan determines the fair value of its financial instruments based on the
fair value hierarchy. The Plan maximizes the use of observable inputs and minimizes the use of
unobservable inputs when measuring fair value. Observable inputs are inputs that market
participants would use in pricing the asset or liability developed based on market data
obtained from sources independent of the Plan. Unobservable inputs are inputs that reflect the
Plan’s assumptions that the market participants would use in pricing the asset or liability
based on the best information available in the circumstances. Three levels of inputs are used
to measure fair value. A financial instrument’s level within the fair value hierarchy is based
on the lowest level of input significant to the fair value measurement. |
| • | Level 1—Valuations are based on quoted prices in active markets for identical
assets or liabilities that the Plan has the ability to access. Since valuations are
based on quoted prices that are readily and regularly available in an active market,
valuation of these products does not entail a significant degree of judgment. |
7
| • | Level 2—Valuations are based on quoted prices in markets that are not
active or for which all significant inputs are observable, either directly or
indirectly. |
| • | Level 3—Valuations are based on inputs that are unobservable and
significant to the overall fair value measurement. Assets and liabilities utilizing
Level 3 inputs include: financial instruments whose value is determined using pricing
models, discounted cash flow methodologies, or similar techniques, as well as
instruments for which the fair value calculation requires significant management
judgment or estimation. |
Where quoted prices are available in an active market for identical instruments, investments
are classified within Level 1 of the valuation hierarchy. If quoted market prices are not
available, then fair values are estimated by using pricing models, quoted prices of
investments with similar characteristics or discounted cash flows. In cases where there is
limited activity or less transparency around inputs to the valuation, investments are
classified within Level 3 of the valuation hierarchy. |
Following is a description of the valuation methodologies used for instruments measured at
fair value, as well as the general classification of such instruments pursuant to the
valuation hierarchy: |
Common stock is valued at the closing price reported on the active market on which the
individual securities are traded. |
The Federated Total Return Bond Fund is a registered investment company, which is valued at
the net asset value (NAV) of shares on a market exchange as of the close of business at year
end. |
The Plan had $21,228,307 and $17,419,129 of investments in shares of registered investment
companies held through sub-accounts of a separate account of an insurance company at December
31, 2010 and 2009, respectively. The Plan has concluded that the NAV as adjusted (for mutual
fund dividends, mutual fund splits and administrative maintenance charges and other items) and
reported by the insurance company approximates fair value of the investments. The investments
are redeemable at the adjusted NAV under agreements with the insurance company. |
However, it is possible that the redemptions rights may be restricted or eliminated in the
future. Due to the nature of the investments, changes in the market conditions, liquidity
requirements, and the economic environment may significantly affect the NAV of the registered
investment companies and, consequently, the fair value of the Plan’s investments. |
Guaranteed interest accounts are valued at cost plus accrued interest. Interest rates range
from 0.30% to 1.25% at December 31, 2010 and from 0.15% to 1.40% at December 31, 2009. |
The methods described previously may produce a fair value calculation that may not be
indicative of net realizable value or reflective of future fair values. Furthermore, while 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 end of the reporting
date. |
8
The following table presents the fair value of the Plan’s investments as of December 31, 2010
and 2009, classified using the fair value hierarchy: |
| Fair value measurements at December 31, 2010 | ||||||||||||||||
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Investments: |
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Cash — money market account |
$ | 322,999 | $ | — | $ | — | $ | 322,999 | ||||||||
Univest Corporation of Pennsylvania
common stock |
3,646,134 | — | — | 3,646,134 | ||||||||||||
Federated Total Return Bond Fund |
1,125,917 | — | — | 1,125,917 | ||||||||||||
Shares of registered investment companies: |
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Conservative (a) |
— | 964,138 | — | 964,138 | ||||||||||||
Income (b) |
— | 2,697,079 | — | 2,697,079 | ||||||||||||
Growth and income (c) |
— | 6,122,762 | — | 6,122,762 | ||||||||||||
Growth (d) |
— | 6,286,633 | — | 6,286,633 | ||||||||||||
Aggressive growth (e) |
— | 4,342,674 | — | 4,342,674 | ||||||||||||
Lifecycle (f) |
— | 815,021 | — | 815,021 | ||||||||||||
Total shares of registered investment
companies |
— | 21,228,307 | — | 21,228,307 | ||||||||||||
John Hancock guaranteed interest accounts |
— | — | 53,950 | 53,950 | ||||||||||||
Total investments |
$ | 5,095,050 | $ | 21,228,307 | $ | 53,950 | $ | 26,377,307 | ||||||||
| Fair value measurements at December 31, 2009 | ||||||||||||||||
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Investments: |
||||||||||||||||
Cash — money market account |
$ | 170,081 | $ | — | $ | — | $ | 170,081 | ||||||||
Univest Corporation of Pennsylvania
common stock |
3,151,894 | — | — | 3,151,894 | ||||||||||||
Federated Total Return Bond Fund |
1,097,643 | — | — | 1,097,643 | ||||||||||||
Shares of registered investment companies |
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Conservative (a) |
— | 913,883 | — | 913,883 | ||||||||||||
Income (b) |
— | 2,459,588 | — | 2,459,588 | ||||||||||||
Growth and income (c) |
— | 4,512,294 | — | 4,512,294 | ||||||||||||
Growth (d) |
— | 6,248,233 | — | 6,248,233 | ||||||||||||
Aggressive growth (e) |
— | 2,753,924 | — | 2,753,924 | ||||||||||||
Lifecycle (f) |
— | 531,207 | — | 531,207 | ||||||||||||
Total shares of registered investment
companies |
— | 17,419,129 | — | 17,419,129 | ||||||||||||
John Hancock guaranteed interest accounts |
— | — | 49,018 | 49,018 | ||||||||||||
Total investments |
$ | 4,419,618 | $ | 17,419,129 | $ | 49,018 | $ | 21,887,765 | ||||||||
| a) | Conservative — the safety of principal is the primary objective and may have a
secondary objective of income from exposure to short-term securities or certain types of
fixed contracts and money markets. |
|
| b) | Income — a high level of current income is sought by broadly investing in
fixed-income securities through various sectors of the bond market and gaining exposure to
various types of credit and interest rate risk. |
|
| c) | Growth and Income — seeks a balance between a high level of income and the growth of
capital, with a higher degree of emphasis on growth from exposure to various equity
allocations. |
9
| d) | Growth — pursues capital appreciation foremost by investing in equity securities
across domestic and international markets and across certain market capitalizations; may
be exposed to all market risks. |
|
| e) | Aggressive Growth — rapid growth and appreciation are the key objectives by utilizing
domestic, international or emerging country equity markets and market capitalizations,
including heavier concentrations or through riskier techniques than core growth
strategies. |
|
| f) | Lifecycle — model portfolios designed to provide a balance of growth, income and
capital conservation through a mix of equity and fixed-income exposures based on a
participant’s age and projected retirement date, adjusting asset allocations and
associated risk levels with the objective of becoming more conservative as the target date
approaches. |
The following tables provide a reconciliation of the beginning and ending balances for
measurements in hierarchy Level 3 at December 31, 2010 and 2009: |
| Unrealized | ||||||||||||||||||||||||
| losses relating | ||||||||||||||||||||||||
| Balance at | Total | to instruments | Balance at | |||||||||||||||||||||
| December 31, | realized | still held at the | December 31, | |||||||||||||||||||||
| 2009 | gains | reporting date | Purchases | Sales | 2010 | |||||||||||||||||||
John Hancock guaranteed
interest accounts |
$ | 49,018 | $ | 698 | $ | (433 | ) | $ | 4,667 | $ | — | $ | 53,950 | |||||||||||
Total Level 3 assets |
$ | 49,018 | $ | 698 | $ | (433 | ) | $ | 4,667 | $ | — | $ | 53,950 | |||||||||||
| Unrealized gains | ||||||||||||||||||||||||
| relating to | ||||||||||||||||||||||||
| Balance at | Total | instruments still | Balance at | |||||||||||||||||||||
| December 31, | realized | held at the | December 31, | |||||||||||||||||||||
| 2008 | gains | reporting date | Purchases | Sales | 2009 | |||||||||||||||||||
John Hancock guaranteed
interest accounts |
$ | 17,271 | $ | 814 | $ | 1,345 | $ | 41,295 | $ | (11,707 | ) | $ | 49,018 | |||||||||||
Total Level 3 assets |
$ | 17,271 | $ | 814 | $ | 1,345 | $ | 41,295 | $ | (11,707 | ) | $ | 49,018 | |||||||||||
Realized gains or losses are recognized in “net appreciation in fair value of
investments” in the Statements of Changes in Net Assets Available for Benefits. |
| (5) | Parties-in-Interest Transactions |
At December 31, 2010 and 2009, the Plan had interest-bearing deposits with the Bank of
$322,999 and $170,081, respectively. In addition, the Plan holds common stock of the
Corporation. At December 31, 2010 and 2009, the Plan held 190,200 and 179,800 shares,
respectively, of the Corporation’s common stock and the fair value of this common stock was
$3,646,134 and $3,151,894, respectively. |
The Bank, a subsidiary of the Corporation, is the custodian of the Plan’s investments in the
common stock of the Corporation and the Federated Total Return Bond Fund. |
10
| (6) | Income Tax Status |
The Plan has received a favorable determination letter from the Internal Revenue Service
(“IRS”) dated October 15, 2009, stating that the Plan and related trust is qualified under
Section 401(a) of the Internal Revenue Code (IRC); therefore, the related trust is exempt from
taxation. Although the Plan has been amended since receiving the determination letter, the
Plan administrator believes that the Plan is currently designed and being operated in
compliance with the applicable requirements of the IRC. Therefore, the Plan administrator
believes that the Plan is qualified and the related trust is
tax-exempt. Accordingly, no provision for income taxes was included in the accompanying
financial statements. |
| (7) | Risks and Uncertainties |
The Plan has holdings in various investments including common stock of the Corporation,
registered investment companies, and guaranteed accounts sponsored by an insurance company.
These investments are exposed to various risks such as interest rate, market, and credit risk.
Due to the level of risk associated with these investments, it is at least reasonably possible
that changes in the values of investments will occur in the near term and that such changes
could materially affect participant account balances and the amounts recorded in the statement
of net assets available for benefits. |
11
| Identity of issue, borrower, | Description of investment, including maturity date, | Current | |||||||||
| lessor or similar party | rate of interest, collateral, par, or maturity value | Cost | Value | ||||||||
* Univest Corporation of Pennsylvania: |
|||||||||||
*Univest National Bank and Trust
Co. Cash — Money Market Account |
** | $ | 322,999 | ||||||||
*Univest Corporation of Pennsylvania
Common Stock |
190,200 | shares of common stock | ** | 3,646,134 | |||||||
*Federated Total Return Bond Fund |
100,979 | units of registered investment companies | ** | 1,125,917 | |||||||
John Hancock Registered Investment Companies: |
|||||||||||
John Hancock Retirement Living at 2045 |
10,227 | units of registered investment companies | ** | 110,551 | |||||||
John Hancock Retirement Living at 2040 |
8,591 | units of registered investment companies | ** | 92,873 | |||||||
John Hancock Retirement Living at 2035 |
10,950 | units of registered investment companies | ** | 118,530 | |||||||
John Hancock Retirement Living at 2030 |
11,330 | units of registered investment companies | ** | 121,650 | |||||||
John Hancock Retirement Living at 2025 |
12,594 | units of registered investment companies | ** | 136,521 | |||||||
John Hancock Retirement Living at 2020 |
20,365 | units of registered investment companies | ** | 225,295 | |||||||
John Hancock Retirement Living at 2015 |
744 | units of registered investment companies | ** | 8,327 | |||||||
John Hancock Retirement Living at 2010 |
112 | units of registered investment companies | ** | 1,275 | |||||||
John Hancock Lifestyle Aggressive |
1,889 | units of registered investment companies | ** | 626,821 | |||||||
John Hancock Lifestyle Growth |
11,018 | units of registered investment companies | ** | 3,559,680 | |||||||
John Hancock Lifestyle Balanced |
15,852 | units of registered investment companies | ** | 3,635,685 | |||||||
John Hancock Lifestyle Moderate |
5,773 | units of registered investment companies | ** | 1,041,805 | |||||||
John Hancock Lifestyle Conservative |
1,877 | units of registered investment companies | ** | 375,234 | |||||||
John Hancock Real Estate Securities Fund |
5,826 | units of registered investment companies | ** | 289,897 | |||||||
John Hancock DFA Emerging Markets Value |
6,486 | units of registered investment companies | ** | 323,541 | |||||||
John Hancock Royce Opportunity |
8,542 | units of registered investment companies | ** | 169,693 | |||||||
John Hancock International Small Cap Fund |
92 | units of registered investment companies | ** | 2,972 | |||||||
John Hancock International Opportunities Fund |
3,378 | units of registered investment companies | ** | 60,596 | |||||||
John Hancock Oppenheimer Developing Markets |
3,937 | units of registered investment companies | ** | 268,146 | |||||||
John Hancock Energy |
4,115 | units of registered investment companies | ** | 381,322 | |||||||
John Hancock DFA International Value |
2,682 | units of registered investment companies | ** | 56,537 | |||||||
John Hancock Mid-Cap Growth Index Fund |
357 | units of registered investment companies | ** | 8,713 | |||||||
John Hancock International Value Fund |
2,485 | units of registered investment companies | ** | 52,495 | |||||||
John Hancock Mid Cap Stock Fund |
1,883 | units of registered investment companies | ** | 38,234 | |||||||
John Hancock Columbia Value & Restructuring |
7,161 | units of registered investment companies | ** | 404,258 | |||||||
John Hancock T. Rowe Price Science & Technology |
1,263 | units of registered investment companies | ** | 58,471 | |||||||
John Hancock DFA U.S. Small Cap Fund |
22,462 | units of registered investment companies | ** | 550,424 | |||||||
John Hancock Small Cap Growth Index |
3,195 | units of registered investment companies | ** | 70,166 | |||||||
John Hancock International Equity Index Fund |
5,088 | units of registered investment companies | ** | 84,051 | |||||||
John Hancock Science & Technology Fund |
405 | units of registered investment companies | ** | 8,211 | |||||||
John Hancock Financial Services Fund |
1,199 | units of registered investment companies | ** | 18,682 | |||||||
John Hancock Small Cap Index Fund |
1,173 | units of registered investment companies | ** | 23,754 | |||||||
John Hancock Bridgeway Ultra-Small Company |
2,937 | units of registered investment companies | ** | 52,126 | |||||||
John Hancock American Century Vista |
6,768 | units of registered investment companies | ** | 257,678 | |||||||
John Hancock John Hancock International Growth |
613 | units of registered investment companies | ** | 14,558 | |||||||
John Hancock Small Cap Growth Fund |
3,807 | units of registered investment companies | ** | 50,762 | |||||||
John Hancock Invesco Small Cap Growth |
4,873 | units of registered investment companies | ** | 121,680 | |||||||
John Hancock EuroPacific Growth Fund |
4,228 | units of registered investment companies | ** | 238,420 | |||||||
John Hancock Franklin Small-Mid Growth |
80 | units of registered investment companies | ** | 3,909 | |||||||
12
| Identity of issue, borrower, | Description of investment, including maturity date, | Current | |||||||||
| lessor or similar party | rate of interest, collateral, par, or maturity value | Cost | Value | ||||||||
John Hancock Legg Mason ClearBridge Aggressive
Growth |
462 | units of registered investment companies | ** | $ | 22,918 | ||||||
John Hancock T. Rowe Price Health Sciences Fund |
2,290 | units of registered investment companies | ** | 83,637 | |||||||
John Hancock Small Cap Opportunities Fund |
1,797 | units of registered investment companies | ** | 43,169 | |||||||
John Hancock Mid-Cap Value Index Fund |
212 | units of registered investment companies | ** | 4,715 | |||||||
John Hancock Small Cap Value Index |
1,029 | units of registered investment companies | ** | 17,959 | |||||||
John Hancock RiverSource Mid Cap Value |
7,949 | units of registered investment companies | ** | 82,542 | |||||||
John Hancock Small Cap Value Fund |
1,908 | units of registered investment companies | ** | 55,859 | |||||||
John Hancock Blue Chip Growth Fund |
7,228 | units of registered investment companies | ** | 182,764 | |||||||
John Hancock Mid Cap Index Fund |
14,871 | units of registered investment companies | ** | 374,578 | |||||||
John Hancock Oppenheimer Global |
310 | units of registered investment companies | ** | 13,158 | |||||||
John Hancock Optimized All Cap Fund |
3,206 | units of registered investment companies | ** | 66,722 | |||||||
John Hancock Mid Value Fund |
12,710 | units of registered investment companies | ** | 213,795 | |||||||
John Hancock Capital Appreciation Fund |
767 | units of registered investment companies | ** | 8,750 | |||||||
John Hancock Templeton World |
351 | units of registered investment companies | ** | 12,704 | |||||||
John Hancock All Cap Value Fund |
1,491 | units of registered investment companies | ** | 29,940 | |||||||
John Hancock MFS Utilities |
13,495 | units of registered investment companies | ** | 291,227 | |||||||
John Hancock Total Stock Market Index Fund |
10,791 | units of registered investment companies | ** | 150,024 | |||||||
John Hancock BlackRock Large Value |
2,872 | units of registered investment companies | ** | 52,051 | |||||||
John Hancock Growth Index Fund |
1,422 | units of registered investment companies | ** | 45,943 | |||||||
John Hancock The Growth Fund of America |
31,188 | units of registered investment companies | ** | 1,081,054 | |||||||
John Hancock Large Cap Fund |
1,903 | units of registered investment companies | ** | 27,662 | |||||||
John Hancock Optimized Value Fund |
43 | units of registered investment companies | ** | 3,889 | |||||||
John Hancock Davis New York Venture |
8,424 | units of registered investment companies | ** | 244,245 | |||||||
John Hancock T. Rowe Price Equity Inc |
9,554 | units of registered investment companies | ** | 363,961 | |||||||
John Hancock Value Index Fund |
2,808 | units of registered investment companies | ** | 63,833 | |||||||
John Hancock 500 Index Fund |
453 | units of registered investment companies | ** | 326,613 | |||||||
John Hancock Mutual Beacon |
2,971 | units of registered investment companies | ** | 323,840 | |||||||
John Hancock Washington Mutual Investors |
2,881 | units of registered investment companies | ** | 104,050 | |||||||
John Hancock Investment Company of America |
1,016 | units of registered investment companies | ** | 38,697 | |||||||
John Hancock American Balanced Fund |
7,258 | units of registered investment companies | ** | 170,210 | |||||||
John Hancock BlackRock Global Allocation |
2,289 | units of registered investment companies | ** | 48,005 | |||||||
John Hancock PIMCO All Asset |
3,321 | units of registered investment companies | ** | 62,844 | |||||||
John Hancock Mutual Global Discovery |
10,218 | units of registered investment companies | ** | 709,229 | |||||||
John Hancock Legg Mason Western Asset Global
High Yield |
1,365 | units of registered investment companies | ** | 44,281 | |||||||
John Hancock PIMCO Global Bond |
3,920 | units of registered investment companies | ** | 65,044 | |||||||
John Hancock PIMCO Real Return |
8,185 | units of registered investment companies | ** | 142,329 | |||||||
John Hancock T. Rowe Price Spectrum Inc |
2,395 | units of registered investment companies | ** | 76,598 | |||||||
John Hancock Strategic Income Opportunities Fund |
6,646 | units of registered investment companies | ** | 136,622 | |||||||
John Hancock Investment Quality Bond Fund |
4,945 | units of registered investment companies | ** | 111,105 | |||||||
John Hancock PIMCO Total Return |
27,277 | units of registered investment companies | ** | 595,619 | |||||||
John Hancock Total Bond Market Fund |
59 | units of registered investment companies | ** | 949 | |||||||
John Hancock Short-Term Federal |
5,262 | units of registered investment companies | ** | 107,492 | |||||||
John Hancock Money Market Fund |
73,909 | units of registered investment companies | ** | 964,138 | |||||||
Total John Hancock Registered Investments Companies |
** | 21,228,307 | |||||||||
13
| Identity of issue, borrower, | Description of investment, including maturity date, | Current | ||||||||||
| lessor or similar party | rate of interest, collateral, par, or maturity value | Cost | Value | |||||||||
John Hancock Guaranteed Interest Account — 3 Year |
3 year term maturing on 12/31/2010 with a stated rate of 0.30% | ** | $ | 283 | ||||||||
John Hancock Guaranteed Interest Account — 3 Year |
3 year term maturing on 12/31/2011 with a stated rate of 0.30% | ** | 42,409 | |||||||||
John Hancock Guaranteed Interest Account — 3 Year |
3 year term maturing on 12/31/2012 with a stated rate of 0.30% | ** | 4,913 | |||||||||
John Hancock Guaranteed Interest Account — 5 Year |
5 year term maturing on 12/31/2012 with a stated rate of 0.70% | ** | 1 | |||||||||
John Hancock Guaranteed Interest Account — 10 Year |
10 year term maturing on 12/31/2017 with a stated rate of 1.25% | ** | 6,125 | |||||||||
John Hancock Guaranteed Interest Account — 10 Year |
10 year term maturing on 12/31/2018 with a stated rate of 1.25% | ** | 2 | |||||||||
John Hancock Guaranteed Interest Account — 10 Year |
10 year term maturing on 12/31/2019 with a stated rate of 1.25% | ** | 217 | |||||||||
Total John Hancock Guaranteed Interest Accounts |
** | 53,950 | ||||||||||
Total John Hancock Investments |
** | 21,282,257 | ||||||||||
Total Investments |
** | $ | 26,377,307 | |||||||||
| * | Indicates party in interest to the Plan. |
|
| ** | Cost is not required for participant-directed investments. |
14
| Univest Corporation of Pennsylvania Deferred Salary | ||||||
| Savings Plan | ||||||
| (Name of Plan) | ||||||
| DEFERRED SALARY SAVINGS PLAN COMMITTEE | ||||||
| By: | /s/ William S. Aichele
|
|||||
15