|AECOM filed this Form 11-K on 06/14/2018|
Net Asset Value per Share The following tables summarize investments measured at NAV per share as of December 31, 2017 and 2016, respectively:
E. INVESTMENT IN AECOM DC RETIREMENT PLANS SMA MASTER TRUST
Beginning January 1, 2016, certain investment assets of the Plan are held in separately managed accounts (SMA) in a custody account at Northern Trust Corporation and consists of an interest in an investment account of the AECOM DC Retirement Plans SMA Master Trust (SMA Master Trust), a master trust established by AECOM and is administered by the Trustee. The SMA Master Trust combines the Plans assets with the assets of two other retirement savings plans sponsored by AECOM for investment and administrative purposes. Although the assets of the three retirement plans are combined in the SMA Master Trust, the Trustee maintains supporting records for the purpose of allocating the net gain or loss of the investment funds to the participating plans. The net investment gain or loss of the SMA Master Trust investment funds are allocated by the Trustee to each participating plan based on that plans interest in each investment fund, as compared with the total interest of all the participating plans in each investment fund. Investment gains or losses are recognized as earned based on the terms of the investments and the period during which the investments were held by the SMA Master Trust. The Plans interest in the SMA Master Trust represents approximately 96.8% and 97.0% of the net assets of the SMA Master Trust at December 31, 2017 and 2016, respectively.