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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
☒ | ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the fiscal year ended December 31, 2020
OR
☐ | TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
Commission File Number 1-8841
NextEra Energy, Inc. Employee Retirement Savings Plan
(Full title of the plan)
NextEra Energy, Inc.
(Name of issuer of the securities held pursuant to the plan)
700 Universe Boulevard
Juno Beach, Florida 33408
(Address of principal executive office)
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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
FINANCIAL STATEMENTS
DECEMBER 31, 2020 AND 2019
Page No. | ||||
1 | ||||
FINANCIAL STATEMENTS | ||||
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS AS OF DECEMBER 31, 2020 AND 2019 | 2-3 | |||
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS FOR THE YEAR ENDED DECEMBER 31, 2020 | 4 | |||
5 | ||||
SUPPLEMENTAL SCHEDULE | ||||
SCHEDULE H LINE 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR) | 12 | |||
19 | ||||
20 | ||||
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Crowe LLP Independent Member Crowe Global |
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Participants and the Employee Benefit Plans
Administrative Committee
NextEra Energy, Inc. Employee Retirement Savings Plan
Juno Beach, Florida
Opinion on the Financial Statements
We have audited the accompanying statements of net assets available for benefits of NextEra Energy, Inc. Employee Retirement Savings Plan (the “Plan”) as of December 31, 2020 and 2019, the related statement of changes in net assets available for benefits for the year ended December 31, 2020, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2020 and 2019, and the changes in net assets available for benefits for the year ended December 31, 2020, in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
Supplemental Information
The supplemental Schedule H, Line 4i – Schedule of Assets (Held at End of Year) as of December 31, 2020 has been subjected to audit procedures performed in conjunction with the audit of NextEra Energy, Inc. Employee Retirement Savings Plan’s financial statements. The supplemental schedule is the responsibility of the Plan’s management. Our audit procedures included determining whether the information presented in the supplemental schedule reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedule. In forming our opinion on the supplemental schedule, we evaluated whether the supplemental schedule, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental schedule is fairly stated in all material respects in relation to the financial statements as a whole.
Crowe LLP
We have served as the Plan’s auditor since 2007.
Oak Brook, Illinois
June 28, 2021
1
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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
DECEMBER 31, 2020 AND 2019
December 31, 2020 | ||||||||||||
Participant- | Nonparticipant- | |||||||||||
Directed | Directed | Total | ||||||||||
ASSETS | ||||||||||||
Investments, at fair value (see Note 6) | ||||||||||||
Registered investment companies | $ | 465,863,497 | $ | 12,927,819 | $ | 478,791,316 | ||||||
Collective trust funds | 1,960,916,880 | — | 1,960,916,880 | |||||||||
Preferred stock | 2,716,992 | — | 2,716,992 | |||||||||
Common stock other than NextEra Energy, Inc. common stock | 725,850,189 | — | 725,850,189 | |||||||||
NextEra Energy, Inc. common stock | 730,052,112 | 2,041,564,947 | 2,771,617,059 | |||||||||
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Total investments, at fair value | 3,885,399,670 | 2,054,492,766 | 5,939,892,436 | |||||||||
Investments, at contract value (see Note 7) | 314,305,072 | — | 314,305,072 | |||||||||
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Total investments | 4,199,704,742 | 2,054,492,766 | 6,254,197,508 | |||||||||
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Receivables | ||||||||||||
Participant loans | 72,150,958 | — | 72,150,958 | |||||||||
Pending trades due from brokers | 2,779,946 | — | 2,779,946 | |||||||||
Employer contributions | — | 1,960,004 | 1,960,004 | |||||||||
Other receivables | 1,015,749 | 1,453 | 1,017,202 | |||||||||
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Total receivables | 75,946,653 | 1,961,457 | 77,908,110 | |||||||||
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Total assets | 4,275,651,395 | 2,056,454,223 | 6,332,105,618 | |||||||||
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LIABILITIES | ||||||||||||
Pending trades due to brokers | 7,743,668 | — | 7,743,668 | |||||||||
Other payables | 3,366,091 | 66,061 | 3,432,152 | |||||||||
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Total liabilities | 11,109,759 | 66,061 | 11,175,820 | |||||||||
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NET ASSETS AVAILABLE FOR BENEFITS | $ | 4,264,541,636 | $ | 2,056,388,162 | $ | 6,320,929,798 | ||||||
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The accompanying Notes to Financial Statements are an integral part of these statements.
2
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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
DECEMBER 31, 2020 AND 2019
December 31, 2019 | ||||||||||||
Participant- | Nonparticipant- | |||||||||||
Directed | Directed | Total | ||||||||||
ASSETS | ||||||||||||
Investments, at fair value (see Note 6) | ||||||||||||
Registered investment companies | $ | 457,348,294 | $ | 13,125,773 | $ | 470,474,067 | ||||||
Collective trust funds | 1,790,874,697 | — | 1,790,874,697 | |||||||||
Preferred stock | 1,504,241 | — | 1,504,241 | |||||||||
Common stock other than NextEra Energy, Inc. common stock | 502,911,296 | — | 502,911,296 | |||||||||
NextEra Energy, Inc. common stock | 639,026,780 | 1,677,568,945 | 2,316,595,725 | |||||||||
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Total investments, at fair value | 3,391,665,308 | 1,690,694,718 | 5,082,360,026 | |||||||||
Investments, at contract value (see Note 7) | 262,827,593 | — | 262,827,593 | |||||||||
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Total investments | 3,654,492,901 | 1,690,694,718 | 5,345,187,619 | |||||||||
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Receivables | ||||||||||||
Participant loans | 72,987,097 | — | 72,987,097 | |||||||||
Pending trades due from brokers | 969,079 | — | 969,079 | |||||||||
Employer contributions | — | 1,870,927 | 1,870,927 | |||||||||
Other receivables | 1,151,762 | 15,369 | 1,167,131 | |||||||||
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Total receivables | 75,107,938 | 1,886,296 | 76,994,234 | |||||||||
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Total assets | 3,729,600,839 | 1,692,581,014 | 5,422,181,853 | |||||||||
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LIABILITIES | ||||||||||||
Pending trades due to brokers | 429,458 | — | 429,458 | |||||||||
Other payables | 3,163,072 | 79,265 | 3,242,337 | |||||||||
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Total liabilities | 3,592,530 | 79,265 | 3,671,795 | |||||||||
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NET ASSETS AVAILABLE FOR BENEFITS | $ | 3,726,008,309 | $ | 1,692,501,749 | $ | 5,418,510,058 | ||||||
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The accompanying Notes to Financial Statements are an integral part of these statements.
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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEAR ENDED DECEMBER 31, 2020
Participant- | Nonparticipant- | |||||||||||
Directed | Directed | Total | ||||||||||
ADDITIONS TO NET ASSETS ATTRIBUTED TO: | ||||||||||||
Net appreciation in fair value of investments | $ | 639,674,591 | $ | 447,956,270 | $ | 1,087,630,861 | ||||||
Interest income | 9,928,491 | — | 9,928,491 | |||||||||
Dividend income | 27,228,453 | 37,617,660 | 64,846,113 | |||||||||
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Net investment income | 676,831,535 | 485,573,930 | 1,162,405,465 | |||||||||
Contributions | ||||||||||||
Participant | 170,782,525 | — | 170,782,525 | |||||||||
Employer - NextEra Energy, Inc. common stock | — | 63,951,346 | 63,951,346 | |||||||||
Rollovers | 22,448,965 | — | 22,448,965 | |||||||||
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Total contributions | 193,231,490 | 63,951,346 | 257,182,836 | |||||||||
Transfer from/to nonparticipant-directed investments | 62,238,597 | 2,111,888 | 64,350,485 | |||||||||
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Total net additions | 932,301,622 | 551,637,164 | 1,483,938,786 | |||||||||
DEDUCTIONS FROM NET ASSETS ATTRIBUTED TO: | ||||||||||||
Benefit payments to participants and beneficiaries | 387,147,496 | 125,106,514 | 512,254,010 | |||||||||
Management and administrative expenses | 4,508,911 | 405,640 | 4,914,551 | |||||||||
Transfer from/to participant-directed investments | 2,111,888 | 62,238,597 | 64,350,485 | |||||||||
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Total deductions | 393,768,295 | 187,750,751 | 581,519,046 | |||||||||
NET INCREASE | $ | 538,533,327 | $ | 363,886,413 | $ | 902,419,740 | ||||||
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NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2019 | $ | 3,726,008,309 | $ | 1,692,501,749 | $ | 5,418,510,058 | ||||||
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NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2020 | $ | 4,264,541,636 | $ | 2,056,388,162 | $ | 6,320,929,798 | ||||||
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The accompanying Notes to Financial Statements are an integral part of these statements.
4
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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2020 AND 2019
1. Description of the Plan
The following description of the NextEra Energy, Inc. Employee Retirement Savings Plan (the Plan) provides only general information. Participating employees (Participants) should refer to the Summary Plan Description (SPD) (as updated periodically through Summaries of Material Modifications) for a more complete description of the Plan and up-to-date information regarding participating subsidiaries and differing vesting, employer contribution and employee contribution schedules.
General
The Plan is a defined contribution plan subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (ERISA). The Plan includes a cash or deferred arrangement (Pretax Option) permitted by Section 401(k) of the Internal Revenue Code of 1986, as amended (the Code). The Pretax Option permits Participants to defer federal income taxes on their contributions (Pretax Contributions) until such contributions are distributed from the Plan.
Most employees of NextEra Energy, Inc. (the Company/Employer) and its subsidiaries are eligible to participate in the Plan on the first day of the month coincident with the completion of one full month of service with the Company or its subsidiaries or on the first day of any payroll period thereafter.
The Plan contains employee stock ownership plan (ESOP) provisions. The ESOP component is a stock bonus plan within the meaning of U.S. Treasury Regulation Section 1.401-1(b)(1)(iii), which is qualified under Section 401(a) of the Code and is designed to invest primarily in the common stock, par value $.01 per share, of the Company (Company Stock).
The Plan has a dividend payout program which enables Participants to choose how their dividends on certain shares of Company Stock held in the Plan are to be paid. The options available to Participants include reinvestment of dividends in Company Stock or distribution of dividends in cash.
The Company’s Board of Directors approved a four-for-one stock split of Company Stock effective October 26, 2020. Participants’ account balances did not change as a result of the stock split.
Trustee
Fidelity Management Trust Company (Trustee) administers the NextEra Energy, Inc. Employee Retirement Savings Plan Trust (Trust) established to hold the assets and liabilities of the Plan.
Administration of the Plan
The Plan is intended to qualify as a participant directed account plan under Section 404(c) of ERISA. The Employee Benefit Plans Administrative Committee (as appointed by the Employee Benefits Advisory Committee of the Company) is the named fiduciary responsible for the general operation and administration of the Plan (but not management or control of Plan assets), and the Employee Benefit Plans Investment Committee (as appointed by the Employee Benefits Advisory Committee of the Company) is the named investment fiduciary, but is not directly responsible for the management and control of the Plan assets. The Employee Benefits Advisory Committee acts on behalf of the Company as the Plan Sponsor, as defined by ERISA. Fidelity Workspace Services LLC (Fidelity) provides recordkeeping services with respect to the Plan.
Employee Contributions
The Plan allows for combined pretax and/or Roth after-tax contributions by eligible employees up to the limit under Code Section 402(g), in whole percentages of up to 50% of their eligible earnings, as defined by the Plan (50% Limit). In addition, eligible employees age 50 or older who contributed the maximum annual amount allowable under the pretax and/or Roth after-tax options in the Plan have the option of contributing an additional pretax catch-up contribution or Roth catch-up contribution in accordance with Code Section 414(v). The Plan also allows for traditional after-tax contributions up to the 50% Limit. Participants may also make rollover contributions which represent distributions from other qualified plans or individual retirement accounts.
Eligible employees are automatically enrolled in Pretax Contributions unless such employees revoke or modify their Pretax Contribution election within 60 days of their date of hire or rehire. The Plan also has an automatic increase feature whereby eligible employees’ deemed Pretax Contributions are increased by 1% each year up to a maximum of 10% unless the eligible employee revokes or otherwise modifies their Pretax Contribution election.
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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2020 AND 2019
Participants can elect to invest in any combination of different investment options offered under the Plan. Participants may change their investment elections daily, subject to Fidelity’s excessive trading policy and the Plan’s limitations on investments in Company Stock.
Employer Contributions
The Company provides matching contributions through the ESOP in the form of Company Stock. Participants should refer to the SPD for the employer contribution schedules.
Forfeitures
Forfeitures of non-vested Company matching contributions due to termination of employment may be used to restore amounts previously forfeited or to reduce the amount of future Company matching contributions to the Plan or may be applied to administrative expenses. Forfeitures used to reduce Employer contributions in 2020 totaled $2,111,888 and forfeitures applied to administrative fees in 2020 totaled $411,148. At December 31, 2020 and 2019, the balance of the forfeiture account was $27,333 and $300,512, respectively.
Vesting
Participants are immediately 100% vested in employee contributions. Participants should refer to the SPD for the vesting schedules for Company matching contributions. Upon death, total and permanent disability or certain other circumstances an employee may become 100% vested. In addition, in certain circumstances, such as acquisitions or divestitures, the Plan may recognize previous service for vesting purposes.
Participant Loans
In general, each Participant may borrow from his or her account a minimum of $1,000 up to a maximum of $50,000 or 50% of the vested value of the account (reduced by any outstanding loans), whichever is less. The vested portion of a Participant’s account will be pledged as security for the loan. Participants may not have more than two loans outstanding from the Plan at any time. Most Participant loans have a fixed annual interest rate based on the prime rate which is updated quarterly. Loans outstanding at December 31, 2020 carry an interest rate of 3.25% to 7.25% and mature between 2021 and 2035. Participants should refer to the SPD for a description of eligible participant loans.
Benefit Payments and Withdrawals
Withdrawals by Participants from their accounts during their employment are permitted with certain penalties and restrictions. The penalties may limit a Participant’s contributions to the Plan for varying periods following a withdrawal. Upon termination from employment, Participants are eligible to receive a distribution of the full value of their vested account balance. Terminated Participants can elect to receive a full payment, partial payments, or installments over a period of up to ten years.
Administrative Expenses
The Company pays a portion of the administrative expenses of the Plan. Additionally, Plan participants pay a fee of $61 per year to cover some of the administrative expenses of the Plan. All other expenses are paid directly by the Plan through forfeitures. Any fees paid directly by the Company are not included in the financial statements.
CARES Act
As a result of the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) enacted on March 27, 2020, the plan administrator implemented new CARES Act options including withdrawal provisions, loans, and temporary waiver of required minimum distributions.
Plan Termination
Although it has not expressed any intent to do so, the Company 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 100% vested in their accounts.
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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2020 AND 2019
2. Summary of Significant Accounting Policies
Basis of Accounting
The financial statements of the Plan are prepared under the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America.
Use of Estimates
The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and changes therein, and disclosure of contingent assets and liabilities. Actual results could differ from those estimates.
Investment Valuation
The Plan’s investments are reported at fair value, except for the fully benefit-responsive investment contracts, which are reported at contract value. Fair value measurement guidance emphasizes that fair value is a market-based measurement, not an entity-specific measurement, and sets out a fair value hierarchy intended to disclose information about the relative reliability of fair value measurements, with the highest priority being unadjusted quoted prices in active markets for identical assets or liabilities.
In some cases, a valuation approach used to measure fair value may include inputs from multiple levels of fair value hierarchy. The lowest level of significant input determines the placement of the entire fair value measurement in the hierarchy.
The Plan recognizes transfers into and out of fair value hierarchy levels at the beginning of the period.
The following are descriptions of the valuation methods and assumptions used by the Plan to estimate the fair values of investments held by the Plan.
Registered investment companies (mutual funds), Company Stock, preferred stock and common stock: Investments in shares of registered investment companies are valued at quoted market prices in active markets (Level 1 inputs), which represent the net asset value of such shares at year-end. Investments in shares of actively traded money market mutual funds are stated at the net asset value of such shares held at year-end (Level 1 inputs). Company Stock and other publicly traded common stock are valued at their quoted market price in active markets (Level 1 inputs). Certain common stock and preferred stock are valued using significant unobservable inputs (Level 3 inputs).
Collective trust funds: The fair values of participation units held in collective trust funds are based on the net asset value per unit share reported by the fund manager as of the financial statement dates and on recent transaction prices (Level 2 inputs). Each collective trust fund provides for daily redemptions reported at net asset value per unit share, with no advance notice requirement.
The following is a description of the valuation methods and assumptions used by the Plan to report the contract value of the fully benefit-responsive synthetic guaranteed investment contracts held by the Plan.
Investment contracts (wrapper contracts): The Managed Income Fund holds fully benefit-responsive investment contracts (wrapper contracts) (see Note 7) with various insurance companies and financial institutions in order to provide Participants with a stable, fixed-rate of return on investments and protection of principal from changes in market interest rates. The crediting interest rate resets monthly and is based on an agreed upon formula with the issuers but cannot be less than zero. The key factors that influence future rates could include the following: the level of market interest rates, the difference between the fully benefit-responsive investment contracts’ book and market values, the amount and timing of Participant contributions, transfers and withdrawals into/out of the fully benefit-responsive investment contracts, and the duration of the underlying investments backing the fully benefit-responsive investment contracts.
The Managed Income Fund is comprised of synthetic guaranteed investment contracts, each of which is valued at contract value. Each synthetic guaranteed investment contract consists of a wrapper contract and the underlying investments of the wrapper contract which are primarily debt securities. The underlying investments in the Managed Income Fund include U.S. Treasury notes, asset-backed and mortgage-backed securities, corporate bonds and government agency notes. The contracts are unallocated in nature and are fully benefit-responsive. Therefore, net assets available
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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2020 AND 2019
for benefits reflects the contract value of the Managed Income Fund. There are no reserves against contract values (which represent contributions made under the contract, plus earnings, less withdrawals and administrative expenses) for credit risk of the contract issuer or otherwise. Wrapper contracts provide the Managed Income Fund with the ability to use contract value accounting to maintain a constant $1.00 unit price. Wrapper contracts also provide for the payment of participant-directed withdrawals and exchanges at contract value (principal and interest accrued to date) during the term of the wrapper contracts. However, withdrawals prompted by certain events (e.g., layoffs, retirement during specified early retirement window periods, spin-offs, sale of a division, facility closings, plan terminations, partial plan terminations, changes in law or regulation, material breach of contract responsibilities, loss of the Plan’s qualified status, etc.) may be paid at fair value which may be less than contract value. Currently, management believes that the occurrence of an event that would cause the Plan to be paid at less than contract value is not probable. A contract issuer may terminate a wrapper contract at any time; however, if the fair value of the contract is less than the contract value, the contract issuer can either hold the contract until the fair value and contract value are equal or make up the difference between the two. If the funds in the wrapper contracts are needed for benefit payments prior to contract maturity, they may be withdrawn without penalty.
Investment Income Recognition
Purchases and sales of investment securities are recorded on the trade date. Gains or losses on sales of investment securities are determined using the average cost method of the securities. The carrying amounts of securities held in Participants’ accounts are adjusted daily. Unrealized appreciation or depreciation is recorded to recognize changes in fair value. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date.
Payment of Benefits
Benefits distributed to Participants are recorded when paid.
Participant Loans
Participant loans are reported at their unpaid principal balance plus any accrued but unpaid interest, with no allowance for credit losses and the loans are collateralized by the Participants’ account balances in the Plan. In general, repayments of principal and interest are received through payroll deductions.
3. Risks and Uncertainties
Investments
Investment securities, in general, are exposed to various risks, such as interest rate, credit, liquidity and overall market volatility, which could result in changes in the value of such securities. Due to the level of risk associated with certain types of investment securities, it is at least reasonably possible that changes in the values of the investment securities will occur in the near term and that such changes could materially affect Participants’ account balances and the amounts reported in the statements of net assets available for benefits and the statement of changes in net assets available for benefits.
Coronavirus Pandemic
The Company is closely monitoring the global outbreak of the novel coronavirus (COVID-19). We are unable to determine the ultimate severity or duration of the outbreak or its effect on, among other things, the global, national or local economy. To date COVID-19 has not had a material adverse impact to the Company’s business or the Plan.
4. Nonparticipant-Directed Investments
The “Nonparticipant-Directed” net assets of the Plan and changes therein represent Employer contributions into the ESOP component of the Plan. Participants have the option to reinvest nonparticipant-directed shares daily among any of the other investment options available under the Plan.
5. Parties-In-Interest Transactions
Parties-in-interest are defined under Department of Labor (DOL) regulations as any fiduciary of the Plan, any party rendering service to the Plan, the Employer, and certain others. Dividend income earned by the Plan includes dividends on Company Stock. In accordance with the Plan and the Company’s Dividend Reinvestment and Direct Stock Purchase Plan in which the Trustee participates, participants may elect to reinvest dividends in Company Stock or receive dividends in cash. During 2020, dividends on shares of Company Stock held in Participants’ accounts totaled $51,409,145.
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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2020 AND 2019
During 2020, employer contributions of Company Stock credited to Participant’s accounts totaled $63,951,346 which equated to 341,587 shares. Realized gains on shares of Company Stock sold by Participants during 2020 totaled $21,682,084. At December 31, 2020 and 2019, the number of shares of Company Stock held in Participants’ accounts totaled 35,925,043 and 38,265,540, respectively, with a fair value of $2,771,617,059 and $2,316,595,725, respectively. Shares for 2019 have been retrospectively adjusted to reflect the four-for-one stock split discussed in Note 1.
Certain fees were paid by the Plan to the managers of the investments held in the Plan and certain Plan investments are managed by an affiliate of the Trustee or investment advisors of the Plan. These transactions qualify as party in interest transactions. The Plan also pays for various administrative expenses to service providers which constitute party-in-interest transactions. Additionally, the Plan reimburses the Company for a portion of the costs incurred in the administration of the Plan which are considered party-in-interest transactions. Participant loans held by the Plan of $72,150,958 and $72,987,097 at December 31, 2020 and December 31, 2019, respectively, are also considered party-in-interest transactions.
6. Investments
The Plan’s financial assets and other fair value measurements made on a recurring basis by fair value hierarchy level are as follows:
December 31, 2020 | ||||||||||||||||
Quoted Prices | Significant | |||||||||||||||
in Active | Other | Significant | ||||||||||||||
Markets for | Observable | Unobservable | ||||||||||||||
Identical Assets | Inputs | Inputs | ||||||||||||||
(Level 1) | (Level 2) | (Level 3) | Total | |||||||||||||
Participant-directed investments: | �� | |||||||||||||||
Registered investment companies | $ | 465,863,497 | $ | — | $ | — | $ | 465,863,497 | ||||||||
Collective trust funds | — | 1,960,916,880 | — | 1,960,916,880 | ||||||||||||
Preferred stock | — | — | 2,716,992 | 2,716,992 | ||||||||||||
Common stock other than NextEra Energy, Inc. common stock | 719,684,241 | — | 6,165,948 | 725,850,189 | ||||||||||||
NextEra Energy, Inc. common stock | 730,052,112 | — | — | 730,052,112 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total participant-directed investments | 1,915,599,850 | 1,960,916,880 | 8,882,940 | 3,885,399,670 | ||||||||||||
Nonparticipant-directed investments: | ||||||||||||||||
Registered investment companies | 12,927,819 | — | — | 12,927,819 | ||||||||||||
NextEra Energy, Inc. common stock | 2,041,564,947 | — | — | 2,041,564,947 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total nonparticipant-directed investments | 2,054,492,766 | — | — | 2,054,492,766 | ||||||||||||
Total investments in the fair value hierarchy | 3,970,092,616 | 1,960,916,880 | 8,882,940 | 5,939,892,436 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Investments at contract value | 314,305,072 | |||||||||||||||
|
| |||||||||||||||
Total investments | $ | 6,254,197,508 | ||||||||||||||
|
|
9
Table of Contents
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2020 AND 2019
December 31, 2019 | ||||||||||||||||
Quoted Prices | Significant | |||||||||||||||
in Active | Other | Significant | ||||||||||||||
Markets for | Observable | Unobservable | ||||||||||||||
Identical Assets | Inputs | Inputs | ||||||||||||||
(Level 1) | (Level 2) | (Level 3) | Total | |||||||||||||
Participant-directed investments: | ||||||||||||||||
Registered investment companies | $ | 457,348,294 | $ | — | $ | — | $ | 457,348,294 | ||||||||
Collective trust funds | — | 1,790,874,697 | — | 1,790,874,697 | ||||||||||||
Preferred stock | — | — | 1,504,241 | 1,504,241 | ||||||||||||
Common stock other than NextEra Energy, Inc. common stock | 501,161,180 | — | 1,750,116 | 502,911,296 | ||||||||||||
NextEra Energy, Inc. common stock | 639,026,780 | — | — | 639,026,780 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total participant-directed investments | 1,597,536,254 | 1,790,874,697 | 3,254,357 | 3,391,665,308 | ||||||||||||
Nonparticipant-directed investments: | ||||||||||||||||
Registered investment companies | 13,125,773 | — | — | 13,125,773 | ||||||||||||
NextEra Energy, Inc. common stock | 1,677,568,945 | — | — | 1,677,568,945 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total nonparticipant-directed investments | 1,690,694,718 | — | — | 1,690,694,718 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total investments in the fair value hierarchy | 3,288,230,972 | 1,790,874,697 | 3,254,357 | 5,082,360,026 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Investments at contract value | 262,827,593 | |||||||||||||||
|
| |||||||||||||||
Total investments | $ | 5,345,187,619 | ||||||||||||||
|
|
7. Managed Income Fund
The contract value of fully benefit-responsive investment contracts was $314,305,072 and $262,827,593 respectively, at December 31, 2020 and 2019. The contract value of the fully benefit-responsive investment contracts includes cash of $5,607,314 and $0, respectively at December 31, 2020 and 2019. The contract value of the fully benefit-responsive investment contracts includes a short-term collective trust fund in the amount of $0 and $5,042,277, respectively, at December 31, 2020 and 2019. Pending trades due from brokers related to fully benefit-responsive investment contracts were $1,129,718 and $0, respectively at December 31, 2020 and 2019. Pending trades due to brokers related to fully benefit-responsive investment contracts were $4,585,278 and $0, respectively at December 31, 2020 and 2019. The contract value of fully benefit-responsive investment contracts excludes short term investments in registered investment companies that are not covered by the wrapper contracts. These investments are reported at fair value in the amount of $4,962,362 and $7,675,401, respectively, at December 31, 2020 and 2019.
8. Income Taxes
On June 17, 2015, the Internal Revenue Service (IRS) made a favorable determination that the Plan meets the requirements of Section 401(a) of the Code. The Plan has been amended since receiving the favorable determination letter and due to expiry of the determination letter program, no new letter is expected. The Company and the plan administrator believe that the Plan is currently designed and operated in material compliance with the applicable requirements of the Code and that the Plan continues to be tax-exempt. The Trust established under the Plan will generally be exempt from federal income taxes under Section 501(a) of the Code; Company contributions paid to the Trust under the Plan will be allowable federal income tax deductions of the Company subject to the conditions and limitations of Section 404 of the Code; and the Plan meets the requirements of Section 401(k) of the Code allowing Pretax Contributions to be exempt from federal income tax at the time such contributions are made, provided that in operation the Plan and Trust meet the applicable provisions of the Code. Participants are given the option to receive dividend distributions on Company Stock in cash; all vested dividends earned by Participants are deductible by the Company.
Company matching contributions to the Plan on a Participant’s behalf, the Participant’s Pretax Contributions, and the earnings thereon generally are not taxable to the Participant until such Company matching contributions, Pretax Contributions, and earnings thereon are distributed or withdrawn. Participant’s Roth after-tax contributions and the earnings thereon generally are not taxable to the Participant if made as a qualified distribution. Earnings on traditional after-tax contributions are not taxable to the Participant until distributed or withdrawn. A loan from a Participant’s account generally will not represent a taxable distribution if the loan is repaid in a timely manner and does not exceed certain limitations.
10
Table of Contents
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2020 AND 2019
Accounting principles generally accepted in the United States of America require plan administrators to evaluate tax positions taken by the Plan. The plan administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2020 and 2019, respectively, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine regulatory audits. Currently, there are no tax audits for any tax periods in progress and the plan administrator believes it is no longer subject to tax audits for periods prior to 2018. A DOL audit was completed March 11, 2021 for plan years 2015 through 2018.
11
Table of Contents
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
EIN: 59-2449419 PLAN# 002
SCHEDULE H, LINE 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2020
(a) | (b) | (c) Description of investment including maturity date, rate of interest, collateral, par, or maturity value | (d) Cost | (e) Current value | ||||||||
Cash and Cash Equivalents: | ||||||||||||
USD (US Dollars) | 5,607,314 | ** | $ | 5,607,314 | ||||||||
|
|
| ||||||||||
Total Cash and Cash Equivalents | — | $ | 5,607,314 | |||||||||
|
|
| ||||||||||
Common Stock: | ||||||||||||
ADVANCED MICRO DEVICES INC | 38,174 | ** | $ | 3,500,938 | ||||||||
AIRBNB INC CLASS A | 2,122 | ** | 311,510 | |||||||||
ALIBABA GROUP HOLDING LTD SPON ADR | 39,330 | ** | 9,153,271 | |||||||||
ALPHABET INC CL C | 6,172 | ** | 10,812,603 | |||||||||
ALPHABET INC CL A | 14,719 | ** | 25,797,108 | |||||||||
AMAZON.COM INC | 13,891 | ** | 45,242,015 | |||||||||
ANTHEM INC | 6,680 | ** | 2,144,881 | |||||||||
APPLE INC | 164,518 | ** | 21,829,893 | |||||||||
AVANTOR INC | 130,588 | ** | 3,676,052 | |||||||||
BECTON DICKINSON & CO | 14,322 | ** | 3,583,651 | |||||||||
THE BOOKING HOLDINGS INC | 2,321 | ** | 5,169,494 | |||||||||
CIGNA CORP | 49,937 | ** | 10,395,885 | |||||||||
CARMAX INC | 20,734 | ** | 1,958,534 | |||||||||
CARVANA CO CL A | 15,563 | ** | 3,727,961 | |||||||||
CENTENE CORP | 46,221 | ** | 2,774,647 | |||||||||
CHIPOTLE MEXICAN GRILL INC | 2,090 | ** | 2,898,224 | |||||||||
COSTAR GROUP INC | 4,079 | ** | 3,770,138 | |||||||||
DOLLAR GENERAL CORP | 27,135 | ** | 5,706,490 | |||||||||
DOORDASH INC | 1,717 | ** | 245,102 | |||||||||
MARVELL TECHNOLOGY GROUP LTD | 53,244 | ** | 2,531,220 | |||||||||
DRAFTKINGS INC CL A | 53,728 | ** | 2,501,576 | |||||||||
FACEBOOK INC CL A | 100,929 | ** | 27,569,766 | |||||||||
FARFETCH LTD CL A | 31,695 | ** | 2,022,458 | |||||||||
FIDELITY NATL INFORM SVCS INC | 19,955 | ** | 2,822,834 | |||||||||
GLOBAL PAYMENTS INC | 81,148 | ** | 17,480,902 | |||||||||
GOLDMAN SACHS GROUP INC | 11,363 | ** | 2,996,537 | |||||||||
HCA HEALTHCARE INC | 31,359 | ** | 5,157,301 | |||||||||
HUMANA INC | 9,917 | ** | 4,068,647 | |||||||||
IAC/INTERACTIVECORP | 14,282 | ** | 2,704,297 | |||||||||
INCYTE CORP | 30,155 | ** | 2,622,882 | |||||||||
INGERSOLL RAND INC | 94,383 | ** | 4,300,089 | |||||||||
INTUIT INC | 31,025 | ** | 11,784,846 | |||||||||
INTUITIVE SURGICAL INC | 10,771 | ** | 8,811,755 | |||||||||
LULULEMON ATHLETICA INC | 10,402 | ** | 3,620,208 | |||||||||
MATCH GROUP INC | 33,793 | ** | 5,109,164 | |||||||||
MICROSOFT CORP | 166,385 | ** | 37,007,352 | |||||||||
MONGODB INC CL A | 8,470 | ** | 3,041,069 | |||||||||
NETFLIX INC | 18,232 | ** | 9,858,589 | |||||||||
NIKE INC CL B | 25,151 | ** | 3,558,112 | |||||||||
NORFOLK SOUTHERN CORP | 9,061 | ** | 2,152,984 | |||||||||
PAYPAL HLDGS INC | 44,183 | ** | 10,347,658 | |||||||||
RINGCENTRAL INC CL A | 4,796 | ** | 1,817,540 | |||||||||
ROSS STORES INC | 68,329 | ** | 8,391,484 | |||||||||
S&P GLOBAL INC | 8,164 | ** | 2,683,752 | |||||||||
SALESFORCE.COM INC | 42,122 | ** | 9,373,409 | |||||||||
SCHWAB CHARLES CORP | 40,776 | ** | 2,162,759 | |||||||||
SEA LTD ADR | 6,748 | ** | 1,343,189 | |||||||||
SEMPRA ENERGY | 33,885 | ** | 4,317,288 | |||||||||
SERVICENOW INC | 11,764 | ** | 6,475,259 | |||||||||
SLACK TECHNOLOGIES INC CL A | 29,214 | ** | 1,233,999 | |||||||||
SNAP INC - A | 241,418 | ** | 12,087,799 | |||||||||
SNOWFLAKE INC CL A | 1,534 | ** | 431,668 | |||||||||
SPLUNK INC | 33,583 | ** | 5,705,416 | |||||||||
STRYKER CORP | 39,301 | ** | 9,630,317 | |||||||||
SYNOPSYS INC | 13,478 | ** | 3,494,037 | |||||||||
TENCENT HOLDINGS LTD UNS ADR | 125,775 | ** | 9,041,965 | |||||||||
UNITEDHEALTH GROUP INC | 26,668 | ** | 9,351,934 | |||||||||
VERTEX PHARMACEUTICALS INC | 22,487 | ** | 5,314,577 | |||||||||
VISA INC CL A | 86,366 | ** | 18,890,835 | |||||||||
APTIV PLC | 50,136 | ** | 6,532,219 | |||||||||
ASML HLDG NV (NY REG SHS) NEW YORK REGISTERED SHARES | 14,531 | ** | 7,087,059 | |||||||||
SPOTIFY TECHNOLOGY SA | 24,276 | ** | 7,638,686 | |||||||||
WIX.COM LTD | 5,401 | ** | 1,350,034 | |||||||||
XP INC CL A | 30,524 | ** | 1,210,887 | |||||||||
SHOPIFY INC CL A | 554 | ** | 627,100 | |||||||||
STRIPE INC CLASS B PP | 9,148 | ** | 143,532 |
12
Table of Contents
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
EIN: 59-2449419 PLAN# 002
SCHEDULE H, LINE 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2020
(a) | (b) | (c) Description of investment including maturity date, rate of interest, collateral, par, or maturity value | (d) Cost | (e) Current value | ||||||||
DOORDASH INC (180 DAY LOCKUP) | 3,145 | ** | 404,054 | |||||||||
AIRBNB INC (180 DAY LOCKUP) | 18,740 | ** | 2,475,929 | |||||||||
UIPATH INC CLASS A PP | 4,059 | ** | 118,086 | |||||||||
AURORA INNOVATION SER B PC PP | 28,470 | ** | 263,071 | |||||||||
MAGIC LEAP INC PC SER E-D PP | 3,654 | ** | 12,899 | |||||||||
RIVIAN AUTOMOTIVE INC SER E PC PP | 150,912 | ** | 2,337,627 | |||||||||
NURO INC/CA SER C PC PP | 31,464 | ** | 410,750 | |||||||||
FIVERR INTERNATIONAL LTD | 28,826 | ** | 5,623,953 | |||||||||
WIX.COM LTD | 31,439 | ** | 7,858,493 | |||||||||
ELASTIC NV | 72,431 | ** | 10,584,342 | |||||||||
WYNDHAM HOTELS & RESORTS INC | 101,343 | ** | 6,023,828 | |||||||||
VARONIS SYSTEMS INC | 55,435 | ** | 9,069,720 | |||||||||
TANDEM DIABETES CARE INC | 120,626 | ** | 11,541,496 | |||||||||
STITCH FIX | 136,600 | ** | 8,021,152 | |||||||||
SAILPOINT TECHNOLOGIES HOLDING INC | 144,957 | ** | 7,717,511 | |||||||||
REDFIN CORP | 89,825 | ** | 6,164,690 | |||||||||
PAPA JOHNS INTL INC | 97,439 | ** | 8,267,699 | |||||||||
PACIFIC BIOSCIENES OF CALI INC | 493,427 | ** | 12,799,496 | |||||||||
NEW YORK TIMES CO CL A | 195,166 | ** | 10,103,744 | |||||||||
NEVRO CORPORATION | 45,360 | ** | 7,851,816 | |||||||||
LYFT INC | 247,953 | ** | 12,181,931 | |||||||||
LIVERAMP HOLDINGS INC | 179,569 | ** | 13,142,655 | |||||||||
LIBERTY BROADBAND CORP C | 42,561 | ** | 6,740,386 | |||||||||
IRHYTHM TECHNOLOGIES INC | 28,177 | ** | 6,683,866 | |||||||||
HEALTHEQUITY INC | 173,016 | ** | 12,060,945 | |||||||||
GUIDEWIRE SOFTWARE INC | 65,318 | ** | 8,408,386 | |||||||||
GROCERY OUTLET HOLDING CORP | 322,097 | ** | 12,642,307 | |||||||||
GRACO INC | 86,611 | ** | 6,266,306 | |||||||||
FIVE BELOW INC | 27,261 | ** | 4,770,130 | |||||||||
FARFETCH LTD CL A | 105,635 | ** | 6,740,569 | |||||||||
EQUITY COMMONWEALTH | 120,586 | ** | 3,289,586 | |||||||||
DOLBY LABORATORIES INC CL A | 82,162 | ** | 7,980,395 | |||||||||
CARLYLE GROUP INC (THE) | 123,455 | ** | 3,881,425 | |||||||||
BIO TECHNE CORP | 36,175 | ** | 11,487,371 | |||||||||
BILL.COM HOLDINGS INC | 48,428 | ** | 6,610,422 | |||||||||
ANAPLAN INC | 98,614 | ** | 7,085,416 | |||||||||
ABIOMED INC | 21,969 | ** | 7,122,350 | |||||||||
* | NEXTERA ENERGY, INC. (PARTICIPANT DIRECTED) | 9,462,762 | ** | 730,052,112 | ||||||||
* | NEXTERA ENERGY, INC. (NON-PARTICIPANT DIRECTED) | 26,462,281 | $306,356,413 | 2,041,564,947 | ||||||||
|
|
| ||||||||||
Total Common Stock | $306,356,413 | $ | 3,497,467,248 | |||||||||
|
|
| ||||||||||
Preferred Stock: | ||||||||||||
UIPATH INC 0% SER D-1 PFD PERP PP | 29,814 | ** | $ | 554,345 | ||||||||
UIPATH INC 0% SER D-2 PFD PERP PP | 5,007 | ** | 93,097 | |||||||||
RIVIAN AUTOMOTIVE INC SER D PFD PERP PP | 97,495 | ** | 1,510,199 | |||||||||
UIPATH INC 0% SER E PC PERP PP | 807 | ** | 15,005 | |||||||||
RAPPI INC SER E PFD PERP PP | 9,111 | ** | 544,346 | |||||||||
|
|
| ||||||||||
Total Preferred Stock | — | $ | 2,716,992 | |||||||||
|
|
| ||||||||||
Collective Trust Funds: | ||||||||||||
* | Aristotle Sm Cap Eq | 5,242,723 | ** | $ | 73,188,413 | |||||||
* | Blackrock Russell 2000 Index Fund M | 721,297 | ** | 19,671,276 | ||||||||
* | BTC ACWI EX US IMI M | 2,525,337 | ** | 41,602,156 | ||||||||
* | BTC Equity Index J | 13,880,778 | ** | 236,726,953 | ||||||||
* | BTC Russell 3000 M | 4,905,664 | ** | 107,072,494 | ||||||||
* | BTC Us Debt Index M | 5,975,372 | ** | 78,303,375 | ||||||||
* | Cohen & Steers US Realty Shares B | 2,893,252 | ** | 47,507,204 | ||||||||
* | Fidelity Low-priced Stock Pool | 3,931,210 | ** | 69,661,047 | ||||||||
* | LS Core PL FXINC D | 5,095,089 | ** | 90,183,077 | ||||||||
* | PIMCO Diversified Real Asset Trust | 635,720 | ** | 9,745,593 | ||||||||
* | Vanguard Target 2015 | 1,339,652 | ** | 79,803,093 | ||||||||
* | Vanguard Target 2020 | 525,637 | ** | 34,360,901 | ||||||||
* | Vanguard Target 2025 | 4,900,521 | ** | 342,007,361 | ||||||||
* | Vanguard Target 2030 | 498,852 | ** | 36,720,495 | ||||||||
* | Vanguard Target 2035 | 4,109,027 | ** | 318,326,354 | ||||||||
* | Vanguard Target 2040 | 275,743 | ** | 22,189,010 | ||||||||
* | Vanguard Target 2045 | 2,435,004 | ** | 199,085,955 | ||||||||
* | Vanguard Target 2050 | 207,416 | ** | 16,989,430 | ||||||||
* | Vanguard Target 2055 | 773,981 | ** | 63,303,910 | ||||||||
* | Vanguard Target 2060 | 115,912 | ** | 5,708,671 | ||||||||
* | Vanguard Target 2065 | 175,108 | ** | 5,326,790 |
13
Table of Contents
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
EIN: 59-2449419 PLAN# 002
SCHEDULE H, LINE 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2020
(a) | (b) | (c) Description of investment including maturity date, rate of interest, collateral, par, or maturity value | (d) Cost | (e) Current value | ||||||||
* | Vanguard Target Inc | 820,028 | ** | 42,362,643 | ||||||||
* | SSBK GOVERNMENT STIF FUND (US LARGE CAP GROWTH FUND) | 4,853,011 | ** | 4,853,011 | ||||||||
* | SSBK STIF FUND (SMALL MID CAP GROWTH FUND) | 16,217,668 | ** | 16,217,668 | ||||||||
|
|
| ||||||||||
Total Collective Trust Funds | — | $ | 1,960,916,880 | |||||||||
|
|
| ||||||||||
Registered Investment Companies: | ||||||||||||
* | EATON VANCE FLOATING-RATE & HIGH INCOME FUND R6 | 2,220,454 | ** | $ | 19,118,105 | |||||||
* | VANGUARD PRIME CAP CORE FUND | 3,403,154 | ** | 98,623,407 | ||||||||
* | VANGUARD VMMR-FED MONEY MARKET | 145,171,394 | ** | 145,171,394 | ||||||||
* | JPM EQUITY INCOME R6 FUND | 4,693,350 | ** | 92,599,800 | ||||||||
* | AF EUROPAC GROWTH R6 | 1,482,687 | ** | 102,750,206 | ||||||||
* | FIDELITY INSTITUTIONAL CASH PORTFOLIO (NEXTERA ENERGY, INC. PARTICIPANT-DIRECTED) | 2,638,223 | ** | 2,638,223 | ||||||||
* | FIDELITY INSTITUTIONAL CASH PORTFOLIO (NEXTERA ENERGY, INC. NONPARTICIPANT-DIRECTED) | 12,927,819 | $ 12,927,819 | 12,927,819 | ||||||||
* | FIDELITY INSTITUTIONAL CASH PORTFOLIO (MANAGED INCOME FUND) | 4,962,362 | ** | 4,962,362 | ||||||||
|
|
| ||||||||||
Total Registered Investment Companies | $12,927,819 | $ | 478,791,316 | |||||||||
|
|
| ||||||||||
U.S. Treasury Notes: | ||||||||||||
UST NOTES 1.375% 08/31/2023 | 27,802,500 | ** | $ | 28,838,145 | ||||||||
UST NOTES 1.875% 07/31/2022 | 13,786,000 | ** | 14,274,363 | |||||||||
UST NOTES 3.125% 11/15/2028 | 9,841,500 | ** | 11,686,346 | |||||||||
UST NOTES 2.5% 02/15/2022 | 1,572,600 | ** | 1,629,284 | |||||||||
UST NOTES 2.375% 08/15/2024 | 20,269,000 | ** | 22,024,843 | |||||||||
UST NOTE 2% 08/15/2025 | 29,889,600 | ** | 32,414,327 | |||||||||
UST NOTES 1.875% 2/28/22 | 21,015,200 | ** | 21,575,956 | |||||||||
UST NOTES 1.625% 09/30/2026 | 1,354,000 | ** | 1,448,689 | |||||||||
UST NOTES 1.5% 01/31/2027 | 457,000 | ** | 487,092 | |||||||||
UST NOTES 0.375% 04/30/2025 | 15,274,100 | ** | 15,335,969 | |||||||||
UST NOTES 0.125% 08/15/2023 | 15,809,000 | ** | 15,806,585 | |||||||||
UST NOTES 0.875% 11/15/2030 | 6,921,000 | ** | 6,901,827 | |||||||||
UST NOTES 0.625% 11/30/2027 | 2,384,000 | ** | 2,383,820 | |||||||||
UST NOTES 0.125% 12/15/2023 | 3,526,000 | ** | 3,521,798 | |||||||||
UST NOTES 0.625% 12/31/2027 | 1,349,000 | ** | 1,346,915 | |||||||||
|
|
| ||||||||||
Total U.S. Treasury Notes | — | $ | 179,675,959 | |||||||||
|
|
| ||||||||||
Government Agency Notes: | ||||||||||||
NYS UDC 2.7% 3/15/2023 | 630,000 | ** | $ | 663,617 | ||||||||
NYS UDC 2.67% 3/15/2023 | 775,000 | ** | 815,782 | |||||||||
NYC TFA (PIT) 2.05% 8/1/2023 | 165,000 | ** | 172,694 | |||||||||
NYC TFA (PIT) 2.85% 2/1/2024 | 155,000 | ** | 167,134 | |||||||||
CA ST 2.40% 10/1/2025 | 440,000 | ** | 480,269 | |||||||||
|
|
| ||||||||||
Total Government Agency Notes | — | $ | 2,299,496 | |||||||||
|
|
| ||||||||||
Mortgage Backed Securities: | ||||||||||||
FHLG 5.50% 3/34 #G01665 | 33,098 | ** | $ | 38,489 | ||||||||
FHLG 7.50%7/34 #G02115 | 47,457 | ** | 54,856 | |||||||||
FHLG 25YR 5.50% 7/35 #G05815 | 22,234 | ** | 25,785 | |||||||||
FHLG 15YR 2.5% 10/01/2031#G16387 | 363,374 | ** | 380,336 | |||||||||
FHLG 15YR 3% 05/01/2033#G16550 | 613,832 | ** | 647,674 | |||||||||
FHLG 20YR 3.5% 06/01/2032#C91456 | 354,999 | ** | 384,093 | |||||||||
FHLG 15YR4.00%4/26 #E02867 | 28,458 | ** | 30,306 | |||||||||
FHLG 15YR 3% 05/01/2029#J32373 | 1,237,047 | ** | 1,307,182 | |||||||||
FHLG 15YR 2.5% 11/01/2028#J32374 | 1,173,835 | ** | 1,230,465 | |||||||||
FHLG 15YR 2% 01/01/2032#ZS7735 | 1,667,810 | ** | 1,753,045 | |||||||||
FHLG 15YR 2.5% 12/01/2031#SB0093 | 697,005 | ** | 732,416 | |||||||||
FHLG 15YR 3% 02/01/2034#SB0179 | 857,534 | ** | 901,075 | |||||||||
FHLG 15YR 3.5% 04/01/2034#SB0378 | 670,636 | ** | 727,420 | |||||||||
FHLG 5.50% 5/34 #Z40042 | 241,385 | ** | 279,308 | |||||||||
FHLG 20YR 3% 11/01/2033#G30872 | 376,305 | ** | 403,564 | |||||||||
FHLG 20YR 3.5% 05/01/2038#G31067 | 183,318 | ** | 198,342 | |||||||||
FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 2.682% 10/25/2022 | 137,000 | ** | 141,969 | |||||||||
FHMS K027 A2 2.637% 01/23 | 555,000 | ** | 576,922 | |||||||||
FEDERAL HOME LN MTG MLT CTF GT 3.3% 04/25/2023 | 522,000 | ** | 556,262 | |||||||||
FEDERAL HOME LN MTG MLT CTF GT 2013-K033 A2 3.06%07/25/2023 | 948,000 | ** | 1,009,287 | |||||||||
FEDERAL HOME LN MTG MLT CTF GT 2013-K035 A2 3.458% 08/25/2023 | 925,000 | ** | 995,456 | |||||||||
FEDERAL HOME LN MTG MLT CTF GT K720 A2 2.716% 06/25/2022 | 633,000 | ** | 649,774 | |||||||||
FEDERAL HOME LN MTG MLT CTF GT K722 A2 2.406% 03/25/2023 | 577,000 | ** | 600,354 | |||||||||
FHMS K724 A1 2.776% 03/23 | 128,236 | ** | 130,729 | |||||||||
FHMS 2017-K727 A1 2.632% 10/25/2023 | 67,813 | ** | 69,349 | |||||||||
FEDERAL HOME LN MTG MLT CTF GT K727 A2 2.946% 07/25/2024 | 660,000 | ** | 711,976 | |||||||||
FNMA 6.50% 8/36 #AE0746 | 22,136 | ** | 26,000 | |||||||||
FNMA 6.50% 12/35 #AD0723 | 31,217 | ** | 36,620 |
14
Table of Contents
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
EIN: 59-2449419 PLAN# 002
SCHEDULE H, LINE 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2020
(a) | (b) | (c) Description of investment including maturity date, rate of interest, collateral, par, or maturity value | (d) Cost | (e) Current value | ||||||||
FNMA 20YR 4% 04/01/2038#MA3337 | 678,623 | ** | 733,603 | |||||||||
FNMA 20YR 3% 07/01/2036#MA2672 | 1,601,100 | ** | 1,700,090 | |||||||||
FNMA 20YR 3.00% 11/32 #MA1237 | 1,226,666 | ** | 1,308,255 | |||||||||
FNMA 6.50% 8/36 #888544 | 25,355 | ** | 29,821 | |||||||||
FNMA 6.50% 8/36 #888034 | 7,256 | ** | 8,480 | |||||||||
FNMA 20YR 3% 12/01/2040#FM4711 | 1,051,891 | ** | 1,125,800 | |||||||||
FNMA 20YR 3% 12/01/2040#FM4710 | 803,941 | ** | 865,956 | |||||||||
FNMA 15YR 4% 02/01/2034#FM3001 | 940,197 | ** | 1,027,838 | |||||||||
FNMA 30YR 3% 03/01/2050#FM2870 | 1,672,838 | ** | 1,798,742 | |||||||||
FNMA 15YR 4% 03/01/2034#FM2867 | 1,894,137 | ** | 2,080,170 | |||||||||
FNMA 15YR 2.5% 11/29#FM2692 | 1,488,156 | ** | 1,559,576 | |||||||||
FNMA 15YR 3.5% 10/01/2034#FM1579 | 183,279 | ** | 197,652 | |||||||||
FNMA 15YR 3.5% 09/01/2034#FM1578 | 263,624 | ** | 285,369 | |||||||||
FNMA 15YR 3.5% 09/01/2034#FM1577 | 572,995 | ** | 622,407 | |||||||||
FNMA 30YR 4.5% 09/01/2049#FM1534 | 779,202 | ** | 862,777 | |||||||||
FNMA 15YR 3% 06/01/2033# | 457,920 | ** | 484,605 | |||||||||
FNMA 20YR 4.5% 08/01/2039#FM1353 | 116,012 | ** | 128,324 | |||||||||
FNMA 20YR 4.5% 06/01/2039#FM1045 | 48,354 | ** | 53,123 | |||||||||
FNMA 20YR 4.5% 03/01/2039#FM1774 | 86,600 | ** | 95,142 | |||||||||
FNMA 15YR 3.5% 02/01/2035#FM0065 | 709,507 | ** | 770,691 | |||||||||
FNMA 15YR 4% 05/29#BM5499 | 1,041,304 | ** | 1,108,758 | |||||||||
FNMA 15YR 3% 09/01/2032#BM5110 | 745,384 | ** | 789,520 | |||||||||
FNMA 15YR 3% 12/01/2032#BM5109 | 1,586,897 | ** | 1,679,869 | |||||||||
FNMA 3.5% 07/32#BM3929 | 538,604 | ** | 582,582 | |||||||||
FNMA 15YR 3% 12/31#BM1790 | 268,277 | ** | 283,408 | |||||||||
FNMA 6.50%7/35 #745092 | 5,975 | ** | 7,059 | |||||||||
FNMA 6.50% 12/32 #735415 | 5,468 | ** | 6,409 | |||||||||
FNMA 15YR 2.5% 10/01/2031#AS8010 | 285,494 | ** | 301,605 | |||||||||
FNMA 15YR 4.5% 11/01/2025#AL8242 | 77,878 | ** | 81,767 | |||||||||
FNMA 15YR 3.5% 10/01/2029#AL5851 | 77,155 | ** | 83,712 | |||||||||
FNMA 15YR 3.5% 09/01/2029#AL5878 | 185,618 | ** | 201,393 | |||||||||
FNMA 5.50% 11/34 #310105 | 177,422 | ** | 205,309 | |||||||||
FNMA 6.50% 7/32 #545759 | 9,041 | ** | 10,604 | |||||||||
FNMA 6.50%7/32 #545762 | 5,190 | ** | 6,079 | |||||||||
FNMA 20YR 2.5% 01/01/2033#AL2982 | 91,505 | ** | 98,268 | |||||||||
FNMA 20YR 2.5% 01/01/2033#AL2974 | 112,485 | ** | 120,376 | |||||||||
FNMA 20YR 2.5% 01/01/2033#AL2975 | 132,633 | ** | 141,316 | |||||||||
FNMA 20YR 2.5% 01/01/2033#AL2976 | 72,823 | ** | 77,386 | |||||||||
GNII II 3.5% 01/01/2051 #TBA | 875,000 | ** | 927,241 | |||||||||
GNII II 4% 04/20/2047#MA4383 | 486,572 | ** | 525,717 | |||||||||
WELLS FARGO COML MTG TR 2016-C37 A2 3.103% 12/15/2049 | 262,714 | ** | 266,529 | |||||||||
WFCM 2016-C36 A1 1.453% 11/15/59 | 10,549 | ** | 10,563 | |||||||||
WFCM 2016-C34 A2 2.603% 06/49 | 343,640 | ** | 346,251 | |||||||||
WELLS FARGO COML MTG TR 15-C27 ASB 3.278% 02/15/2048 | 300,892 | ** | 317,059 | |||||||||
WFCM 2013-LC12 A1 1.676 7/46 | 23,377 | ** | 23,423 | |||||||||
WFCM 2012-LC5 A3 2.918% 10/45 | 676,665 | ** | 698,657 | |||||||||
WFRBS COML MTG TR 2014-C23 ASB 3.636% 10/15/2057 | 154,468 | ** | 163,141 | |||||||||
WFRBS COML MTG TR 2013-C16 3.963% 09/15/2046 | 82,974 | ** | 86,908 | |||||||||
WFRBS COML MTG TR 2013-C16 A5 4.415% 09/15/2046 | 312,000 | ** | 341,918 | |||||||||
WF-RBS COMMERCIAL MORTGAGE TRUST 2013-C12 2.838% 03/15/2048 | 27,452 | ** | 28,155 | |||||||||
WFRBS COML MTG TR 2013-C12 A4 3.198% 03/15/2048 | 151,000 | ** | 158,357 | |||||||||
WFRBS 2013-C11 A5 3.071% 03/45 | 1,086,000 | ** | 1,137,089 | |||||||||
WFRBS 2012-C7 A2 3.431% 6/45 | 271,000 | ** | 280,351 | |||||||||
WFRBS 2011-C3 A4 4.375% 3/15/44 | 333,864 | ** | 335,544 | |||||||||
WFRBS 2012-C9 A3 2.87% 11/45 | 368,299 | ** | 378,602 | |||||||||
WFRBS 2013-C14 A5 3.337% 6/46 | 698,000 | ** | 739,584 | |||||||||
WFRBS COML MTG TR 2014-C22 ASB 3.464% 09/15/2057 | 432,186 | ** | 454,530 | |||||||||
WFRBS COML MTG TR 2014-C20ASB 3.638% 05/15/2047 | 113,024 | ** | 119,087 | |||||||||
UBSBB 2012-C2 A4 3.525 5/63 | 343,000 | ** | 354,396 | |||||||||
MORGAN STANLEY CAP I TR 2019-MEAD 3.17% 11/10/2036 144A | 374,000 | ** | 389,451 | |||||||||
MORGAN STANLEY BK AMER MERRILL LYNCH TR 2016-C31 1.511% 11/15/2021 | 16,908 | ** | 16,937 | |||||||||
MSBAM 2016-C28 3.272% 01/15/49 | 169,964 | ** | 184,901 | |||||||||
MORGAN STANLEY BK AMER MERRILL LYNCH TR 2015-C21 ASB 3.15% 03/15/2048 | 74,617 | ** | 78,445 | |||||||||
MSBAM 2014-C17 ASB 3.477% 8/47 | 330,618 | ** | 347,753 | |||||||||
MORGAN STANLEY BK AMER MERRILL LYNCH TR 2014-C16 ASB 3.477% 06/15/2047 | 229,763 | ** | 240,310 | |||||||||
MSBAM 2013-C13 ASB 3.557% 11/15/2046 | 219,648 | ** | 228,677 | |||||||||
MSBAM 2013-C11 A4 CSTR 8/46 | 166,000 | ** | 178,707 | |||||||||
MSBAM 2013-C8 A4 3.134% 12/48 | 516,000 | ** | 539,638 | |||||||||
MSBAM 2012-C6 A4 2.858% 11/45 | 570,873 | ** | 589,233 | |||||||||
MORGAN STANLEY BK AMER MERRILL LYNCH TR 2016-C32 A1 1.968% 12/15/49 | 61,277 | ** | 61,613 | |||||||||
MSBAM 2013-C7 A4 2.918% 02/46 | 451,000 | ** | 469,646 | |||||||||
MSBAM 2015-C22 ASB 3.04% 04/15/48 | 132,789 | ** | 139,134 | |||||||||
* | JPMDB COML MTG SECS TR 2016-C4 1.5366% 12/15/2049 | 385,415 | ** | 386,753 | ||||||||
* | JPMCC COML MTG SECS TR 2016-JP4 A2 2.984% 12/15/2049 | 248,986 | ** | 253,597 |
15
Table of Contents
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
EIN: 59-2449419 PLAN# 002
SCHEDULE H, LINE 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2020
(a) | (b) | (c) Description of investment including maturity date, rate of interest, collateral, par, or maturity value | (d) Cost | (e) Current value | ||||||||
* | JPMBB 2014-C22 ASB 3.5036% 09/15/2047 | 187,548 | ** | 196,860 | ||||||||
* | JPMBB COML MTG SECS TR 2014-C22 3.8012% 09/15/2047 | 444,000 | ** | 489,042 | ||||||||
* | J P MORGAN CHASE COML MTG SECS TR 2013-C13 A4 3.9936% 01/15/2046 | 315,298 | ** | 338,994 | ||||||||
* | JP MORGAN CHASE COML MTG SECS TR 2013-C10 A5 3.1425% 12/15/2047 | 533,597 | ** | 558,724 | ||||||||
* | JP MORGAN CHASE COML MTG SE 2012-C8 A3 2.8291% 10/15/2045 | 251,190 | ** | 259,033 | ||||||||
* | JPMCC 2015-JP1 A2 3.1438% 01/15/2049 | 30,977 | ** | 31,055 | ||||||||
GS MTG SECS TR 2014-GC20 AAB 3.655% 04/10/2047 | 64,607 | ** | 68,011 | |||||||||
GS MTG SECS TR 2014-GC18 AAB 3.648% 01/10/2047 | 55,412 | ** | 57,987 | |||||||||
GS MTG SECS TR 2015-GC28 AAB 3.206% 02/10/2048 | 221,408 | ** | 233,553 | |||||||||
GS MTG SECS TR 2015-GC32 AAB 3.513% 07/10/2048 | 188,113 | ** | 200,070 | |||||||||
GS MTG SECS TR 2014-GC26 AAB 3.365% 11/10/2047 | 276,722 | ** | 291,723 | |||||||||
GSMS 2012-GCJ9 A3 2.773% 11/45 | 825,778 | ** | 852,169 | |||||||||
GSMS 2012-GCJ7 A4 3.377% 05/45 | 737,167 | ** | 748,287 | |||||||||
GS MTG SECS TR 2013-GC10 A5 2.943% 02/10/2046 | 622,000 | ** | 646,967 | |||||||||
GSMS 2012-GC6 A3 3.482% 01/45 | 304,849 | ** | 310,510 | |||||||||
FEDERAL HOME LN MTG MLT CTF GT 5.0% 02/15/2040 | 119,063 | ** | 132,576 | |||||||||
FEDERAL NAT MTG ASN GTD REM 2011-26 PA 4.5% 04/25/2041 | 139,895 | ** | 155,395 | |||||||||
BENCHMARK MTG TR 2018-B2 A2 3.6623% 02/15/2051 | 577,000 | ** | 604,752 | |||||||||
BENCHMARK MORTGAGE TRUST 2018-B7 A2 4.377% 05/15/2053 | 328,000 | ** | 356,814 | |||||||||
BENCHMARK MTG TR 2018-B8 A2 4.149% 01/15/2052 | 382,000 | ** | 414,973 | |||||||||
COMM 2015-CR22 A2 2.856% 03/48 | 61,252 | ** | 61,381 | |||||||||
COMM 2015-CR22 ASB MTG TR 3.144% 03/10/2048 | 179,563 | ** | 188,574 | |||||||||
COMM 2015-CCRE23 MORTGAGE TRUST 3.257% 05/10/2048 | 212,252 | ** | 224,287 | |||||||||
COMM 2015-CCRE26 MTG TR 3.373% 10/10/2048 | 153,239 | ** | 162,874 | |||||||||
CSMC 2016-NXSR A1 1.9708% 12/15/2049 | 33,123 | ** | 33,274 | |||||||||
CSAIL 2017-CX9 A2 3.0538% 09/15/2050 | 460,000 | ** | 475,864 | |||||||||
COMM 2012-LC4 A4 3.288% 12/44 | 627,861 | ** | 638,265 | |||||||||
COMM 2012-CR3 ASB 2.372% 11/45 | 143,549 | ** | 145,703 | |||||||||
COMM 2012-CR3 A3 2.822% 10/15/45 | 311,944 | ** | 320,550 | |||||||||
COMM 2013-CCRE7 MTG TR 3.213% 03/10/2046 | 308,463 | ** | 325,420 | |||||||||
COMM 2013-CCRE8 MTG TR 3.612% 06/10/2046 | 209,000 | ** | 223,423 | |||||||||
CSAIL 2015-C2 COML MTG TR 3.2241% 06/15/2057 | 222,540 | ** | 234,415 | |||||||||
CSAIL 2015-C3 A4 3.7182% 08/15/2048 | 474,000 | ** | 528,897 | |||||||||
CGCMT 2016-P6 A1 1.884% 12/49 | 12,608 | ** | 12,649 | |||||||||
CGCMT 2012-GC8 A4 3.024% 9/45 | 391,472 | ** | 401,621 | |||||||||
CGCMT 13-GC11 A4 3.093% 04/46 | 82,000 | ** | 86,209 | |||||||||
CGCMT 13-GC15 A4 4.371% 9/46 | 195,000 | ** | 213,425 | |||||||||
CITIGROUP COML MTG TR 13-GC17 4.131% 11/10/2046 | 249,000 | ** | 271,399 | |||||||||
CITIGROUP COML MTG TR 2014-GC21 3.477% 05/10/2047 | 137,294 | ** | 144,088 | |||||||||
CITIGROUP COML MTG TR 2014-GC23 A3 3.356% 07/10/2047 | 400,271 | ** | 434,578 | |||||||||
CITIGROUP COML MTG TR 2016-GC36 AAB 3.368% 02/10/2049 | 295,000 | ** | 314,756 | |||||||||
CGCMT 2017-P7 A2 3.212% 04/50 | 286,000 | ** | 292,523 | |||||||||
CSAIL 2019-C15 COML MTG TR 3.4505% 03/15/2052 | 366,000 | ** | 391,824 | |||||||||
FEDERAL NAT MTG ASN GTD REM PA 2012-149 DA 1.75% 01/25/2043 | 42,312 | ** | 43,739 | |||||||||
FEDERAL NAT MTG ASN GTD REM 2012-151 PA 1.5% 01/25/2043 | 248,019 | ** | 252,043 | |||||||||
FEDERAL NAT MTG ASN GTD REM PA 1.5% 02/25/2043 | 363,240 | ** | 369,141 | |||||||||
FNR 2013-16 GP 3% 1/1/33 | 151,411 | ** | 158,605 | |||||||||
FEDERAL NAT MTG ASN GTD REM PA 1.85% 05/25/2033 | 351,777 | ** | 360,471 | |||||||||
FEDERAL NAT MTG ASN GTD REM PA 3.0% 06/25/2043 | 316,131 | ** | 337,489 | |||||||||
FNR 2015-49 LE 3% 07/45 | 270,244 | ** | 291,970 | |||||||||
FEDERAL NAT MTG ASN GTD REM PA 3.0% 04/25/2044 | 216,653 | ** | 229,855 | |||||||||
FEDERAL NAT MTG ASN GTD REM PA 2.5% 05/25/2045 | 626,194 | ** | 659,149 | |||||||||
FEDERAL NAT MTG ASN GTD REM PA 2015-28 JE 3.0% 05/25/2045 | 516,543 | ** | 550,383 | |||||||||
FNR 2015-42 LE 3.0% 06/25/45 | 359,406 | ** | 382,233 | |||||||||
FNR 2015-54 GA 2.5% 07/25/2045 | 282,669 | ** | 295,576 | |||||||||
FNR 2016-26 CG 3% 05/46 | 762,698 | ** | 812,001 | |||||||||
FNR 2016-19 AH 3% 04/46 | 288,989 | ** | 308,415 | |||||||||
FNR 2016-27 HK 3% 01/25/2041 | 399,620 | ** | 426,821 | |||||||||
FNR 2016-27 KG 3% 01/40 | 195,718 | ** | 209,355 | |||||||||
FNR 2016-37 BK 3% 06/25/46 | 790,378 | ** | 841,010 | |||||||||
FNR 2016-34 GH 3% 06/46 | 727,708 | ** | 784,431 | |||||||||
FEDERAL NATL MTG AS GTD RE PTT 2016-105 PA 3.5% 04/25/2045 | 366,739 | ** | 390,663 | |||||||||
FNR 2016-100 P 3.5% 11/44 | 556,137 | ** | 595,984 | |||||||||
FNR 2017-20 AP 3.5% 03/25/2045 | 739,136 | ** | 787,461 | |||||||||
FEDERAL NAT MTG ASN GTD REM PA 2017-11 HA 3.5% 12/25/2045 | 620,217 | ** | 664,725 | |||||||||
FANNIE MAE 2017-74 PA 3.5% 11/25/2045 | 583,477 | ** | 619,218 | |||||||||
FEDERAL NAT MTG ASN GTD REM 2017-97 P 3% 01/25/2047 | 435,167 | ** | 461,700 | |||||||||
FEDERAL NAT MTG ASN GTD REM PA 2018-3 LP 3% 02/25/2047 | 1,009,685 | ** | 1,070,032 | |||||||||
FEDERAL NATL MTG AS GTD RE PTT 2018-44 PA 3.5% 06/25/2044 | 1,067,931 | ** | 1,083,412 | |||||||||
FNR 2018-16 NB 3.25% 12/25/2044 | 310,459 | ** | 317,764 | |||||||||
FEDERAL NATL MTG AS GTD RE PTT 2018-11 LA 3.5% 07/25/2045 | 488,781 | ** | 511,241 | |||||||||
FEDERAL NAT MTG ASN GTD REM PA 3.5% 02/25/2046 | 571,989 | ** | 602,651 |
16
Table of Contents
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
EIN: 59-2449419 PLAN# 002
SCHEDULE H, LINE 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2020
(a) | (b) | (c) Description of investment including maturity date, rate of interest, collateral, par, or maturity value | (d) Cost | (e) Current value | ||||||||
FNMA GTD MTG PASS THRU CTF 3.5% 10/25/2044 | 502,273 | ** | 534,103 | |||||||||
FNR 2018-88 BA 4% 11/25/2043 | 268,912 | ** | 272,226 | |||||||||
FEDERAL NAT MTG ASN GTD REM PA 3% 03/25/2048 | 1,365,890 | ** | 1,434,634 | |||||||||
FEDERAL NAT MTG ASN GTD REM PA 2019-14 DA 4% 03/25/2048 | 273,497 | ** | 295,370 | |||||||||
FEDERAL NAT MTG ASN GTD REM PA 4% 11/25/2048 | 440,830 | ** | 465,560 | |||||||||
FEDERAL NAT MTG ASN GTD REM PA 2019-38 AB 3% 07/25/2039 | 676,785 | ** | 713,550 | |||||||||
FEDERAL NAT MTG ASN GTD REM PA 2.5% 10/25/2039 | 410,634 | ** | 428,616 | |||||||||
FEDERAL NAT MTG ASN GTD REM PA 2% 06/25/2035 | 931,882 | ** | 967,037 | |||||||||
FEDERAL HOME LN MTG MLT CTF GT 4135 AB 1.75% 06/15/2042 | 34,161 | ** | 35,266 | |||||||||
FEDERAL HOME LN MTG MLT CTF GT 2% 08/15/2032 | 83,452 | ** | 84,182 | |||||||||
FEDERAL HOME LN MTG MLT CTF GT 2% 10/15/2032 | 89,033 | ** | 89,844 | |||||||||
FEDERAL HOME LN MTG MLT CTF GT 3.0% 05/15/2045 | 248,950 | ** | 265,307 | |||||||||
FREDDIE MAC 4656 PA 3.5% 10/15/2045 | 412,127 | ** | 439,609 | |||||||||
FHR 4683 EA 2.5% 05/47 | 541,651 | ** | 570,306 | |||||||||
FREDDIE MAC REMICS 2018-4766 MA 3.5% 02/15/2046 | 783,586 | ** | 829,410 | |||||||||
FEDERAL HOME LN MTGE CORP 4765 QA 3% 02/15/2046 | 765,493 | ** | 812,345 | |||||||||
FEDERAL HOME LN MTG MLT CTF GT 4847 CA 3.5% 11/15/2045 | 484,600 | ** | 511,848 | |||||||||
FEDERAL HOME LN MTG MLT CTF GT 4% 07/15/2047 | 594,719 | ** | 633,513 | |||||||||
FEDERAL HOME LN MTG MLT CTF GT 2019-4872 AB 4% 08/15/2047 | 544,574 | ** | 564,662 | |||||||||
FEDERAL HOME LN MTG MLT CTF GT 3% 07/25/2039 | 505,080 | ** | 532,404 | |||||||||
FREDDIE MAC REMICS 3% 10/25/2048 | 530,790 | ** | 567,444 | |||||||||
|
|
| ||||||||||
Total Mortgage Backed Securities | — | $ | 86,459,060 | |||||||||
|
|
| ||||||||||
Asset Backed Securities: | ||||||||||||
ALLY MASTER OWNER TR 2.7% 01/17/2023 | 540,000 | ** | $ | 541,131 | ||||||||
ALLY MASTER OWNER TR 2018-2 A 3.29% 05/15/2023 | 683,000 | ** | 691,561 | |||||||||
AMXCA 2018-4 A 2.99% 12/15/2023 | 543,000 | ** | 549,280 | |||||||||
AMERICAN EXPRESS CR ACC MST TR 18-6 A 3.06% 02/15/2024 | 539,000 | ** | 547,975 | |||||||||
AMERICAN EXPRESS CR ACCT MS TR 2019-2 A 2.67% 11/15/2024 | 690,000 | ** | 712,406 | |||||||||
AMERICAN EXPRESS CR ACCOUNT SECD NT TR 2019-1 A 2.87% 10/15/2024 | 223,000 | ** | 230,376 | |||||||||
BA CR CARD TR 2018-A1 A1 2.7% 07/17/2023 | 674,000 | ** | 676,787 | |||||||||
BA CR CARD TR 0.34% 05/15/2026 | 983,000 | ** | 984,332 | |||||||||
BMW FLOORPLAN MASTER OWNER TR 3.15% 5/15/23 144A | 499,000 | ** | 504,934 | |||||||||
BMW VEHICLE LEASE TRUST TR 2019-1 2.84% 11/22/2021 | 180,610 | ** | 181,404 | |||||||||
BANK OF THE WEST AUTO TRUST 2017-1 2.11% 01/15/2023 144A | 122,863 | ** | 123,488 | |||||||||
BANK OF THE WEST AUTO TRUST 2018-1 A3 3.43% 12/15/2022 144A | 111,346 | ** | 112,415 | |||||||||
BANK OF THE WEST AUTO TRUST 2019-1 2.43% 04/15/2024 144A | 296,000 | ** | 301,945 | |||||||||
CNH EQUIP TR 2018-A 3.12% 07/17/2023 | 266,588 | ** | 270,390 | |||||||||
CANADIAN PACER AUTO RECEIVABLES TRUST 2018-2A A3 3.27% 12/19/2022 144A | 252,959 | ** | 256,419 | |||||||||
CAPITAL ONE MULTI-ASST EXEC TR 2.84% 12/15/2024 | 710,000 | ** | 731,667 | |||||||||
CARMAX AUTO OWNER TRUST 2017-4 2.11% 10/17/2022 | 54,787 | ** | 55,048 | |||||||||
CARMX 2017-3 A3 1.97% 04/15/22 | 21,578 | ** | 21,633 | |||||||||
CARMX 2018-2 A3 2.98% 01/23 | 149,738 | ** | 151,546 | |||||||||
CARMAX AUTO OWNER TR 2018-4 3.36% 09/15/2023 | 285,855 | ** | 292,305 | |||||||||
CARMAX AUTO OWNER TR 2019-1 3.05% 03/15/2024 | 428,018 | ** | 437,886 | |||||||||
CARMAX AUTO OWNER TR 2020-4 0.5% 08/15/2025 | 499,000 | ** | 500,920 | |||||||||
CCCIT 2018-A1 A1 2.49% 1/23 | 555,000 | ** | 561,862 | |||||||||
DELL EQUIPMENT FINANCE TRUST 2018-1 A3 3.18% 06/22/2023 144A | 31,419 | ** | 31,566 | |||||||||
DELL EQUIPMENT FINANCE TRUST 2018-2 A3 3.37% 10/22/2023 144A | 109,815 | ** | 110,516 | |||||||||
DELL EQUIPMENT FINANCE TRUST 2020-2 0.57% 10/23/2023 144A | 381,000 | ** | 382,353 | |||||||||
DISCOVER CARD EXECUTION NT TR2018-A5 A5 3.32% 03/15/2024 | 659,000 | ** | 674,405 | |||||||||
DISCOVER CARD EXECUTION NT TR 2019-A1 A1 3.04% 07/15/2024 | 531,000 | ** | 547,427 | |||||||||
FORD CREDIT FLOORPLAN MASTER 2018-1 A1 2.95% 05/15/2023 | 678,000 | ** | 685,605 | |||||||||
FORD CR FLOORPLN MAST OWN TR A 0.7% 09/15/2025 | 652,000 | ** | 656,818 | |||||||||
FORD CREDIT AUTO OWNER TRUST 16-1 A 2.31% 08/15/2027 144A | 249,000 | ** | 249,836 | |||||||||
FORD CR AUTO LEASE TR 2020-A 1.85% 03/15/2023 | 247,000 | ** | 250,519 | |||||||||
FORD CR AUTO OWNER TR 2019-1 A 3.52% 07/15/2030 144A | 550,000 | ** | 600,702 | |||||||||
GMF FLOORPLAN OWNER REVOLVING TR 3.13% 03/15/2023144A | 513,000 | ** | 516,594 | |||||||||
GMF FLOORPLAN OWNER REVOLVING TR 0.68% 08/15/2025144A | 294,000 | ** | 295,828 | |||||||||
GMF FLOORPLAN OWNER REVOLVING TR 0.69% 10/15/2025144A | 653,000 | ** | 656,809 | |||||||||
GMCAR 2018-1A A3 2.32% 7/18/22 | 63,599 | ** | 63,947 | |||||||||
GM FINANCIAL AUTOMOBILE LEASING 2020-3 0.45% 08/21/2023 | 401,000 | ** | 402,052 | |||||||||
GM FINANCIAL AUTOMOBILE LEASING TRUST 2019-1 2.98% 12/20/2021 | 131,134 | ** | 131,816 | |||||||||
GM FINL CONSUMER AUTOMOBILE RECEIVABLES TR 2019-12.97% 11/16/2023 | 359,452 | ** | 366,072 | |||||||||
GM FINL AUTOMOBILE LEASING TR 2019-1 2.67% 03/21/2022 | 133,323 | ** | 134,169 | |||||||||
HYUNDAI AUTO RECEIVABLES TR 19-B 1.94% 02/15/202415/2024 | 393,000 | ** | 400,556 | |||||||||
HYUNDAI AUTO LEASE SECURITIZATION TR 2018-A A3 2.79% 07/15/2022 | 120,833 | ** | 121,769 | |||||||||
HYUNDAI AUTO RECEIVABLES TR 2020-C 0.38% 05/15/2025 | 636,000 | ** | 637,214 | |||||||||
JOHN DEERE OWNER TR 2019-B 2.21% 12/15/2023 | 435,000 | ** | 443,823 | |||||||||
KUBOTA CR OWNER TR 2018-1A A3 3.1% 08/15/2022 144A | 326,046 | ** | 330,006 | |||||||||
MERCEDES-BENZ AUTO LEASE TRUST 2019-B A3 2.03% 10/17/2022 | 300,000 | ** | 304,109 | |||||||||
MERCEDES BENZ AUTO LEASE TR 2020-A 1.84% 12/15/2022 | 320,000 | ** | 324,732 | |||||||||
MERCEDES-BENZ AUTO LEASE TR 2019-A A3 3.1% 11/15/2021 | 144,729 | ** | 145,524 |
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Table of Contents
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
EIN: 59-2449419 PLAN# 002
SCHEDULE H, LINE 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2020
(a) | (b) | (c) Description of investment including maturity date, rate of interest, collateral, par, or maturity value | (d) Cost | (e) Current value | ||||||||
SANTANDER RETAIL AUTO LEASE TR 2020-B 0.57% 04/22/2024 144A | 722,000 | ** | 724,474 | |||||||||
SECURITIZED TERM AUTO RECEIVABLES TR 2019-1 2.986% 02/27/2023 144A | 236,915 | ** | 239,931 | |||||||||
SECURITIZED TERM AUTO RECEIVABLES TRUST 2018-2A A3 3.325% 08/25/2022 144A | 295,811 | ** | 298,725 | |||||||||
TOYOTA AUTO RECEIVABLES 2018-B A3 OWNER TRUST 2.96% 09/15/2022 | 161,327 | ** | 163,258 | |||||||||
VERIZON OWNER TR 2020-A 1.85% 07/22/2024 | 630,000 | ** | 645,481 | |||||||||
VOLKSWAGEN AUTO LN ENHANCED TR 2018-1 A3 3.02% 11/21/2022 | 188,134 | ** | 190,532 | |||||||||
WORLD OMNI AUTOMOBILE LEASE SECURITIZATION TR 2019-A A3 2.94% 05/16/2022 | 287,000 | ** | 290,003 | |||||||||
|
|
| ||||||||||
Total Asset Backed Securities | — | $ | 21,454,881 | |||||||||
|
|
| ||||||||||
Corporate Bonds: | ||||||||||||
AMAZON.COM INC 0.8% 06/03/2025 | 355,000 | ** | $ | 360,356 | ||||||||
APPLE INC 2.85% 05/06/2021 | 510,000 | ** | 516,366 | |||||||||
APPLE INC 0.75% 05/11/2023 | 600,000 | ** | 607,745 | |||||||||
BANK OF MONTREAL QUE 1.85% 05/01/2025 | 800,000 | ** | 842,159 | |||||||||
BANK NEW YORK MELLON CORP 1.6% 04/24/2025 | 293,000 | ** | 307,136 | |||||||||
BANK NOVA SCOTIA BC 2.7% 03/07/2022 | 640,000 | ** | 664,228 | |||||||||
BERKSHIRE HATHAWAY INC DEL 2.75% 03/15/2023 | 320,000 | ** | 338,625 | |||||||||
CHEVRON CORP NEW 1.141% 05/11/2023 | 541,000 | ** | 553,214 | |||||||||
CHEVRON CORP NEW 1.554% 05/11/2025 | 620,000 | ** | 645,291 | |||||||||
EQUINOR ASA 1.75% 01/22/2026 | 120,000 | ** | 126,956 | |||||||||
EXXON MOBIL CORP 2.222% 03/01/2021 | 640,000 | ** | 645,658 | |||||||||
GENERAL ELECTRIC CO 3.375% 03/11/2024 | 602,000 | ** | 660,750 | |||||||||
GUARDIAN LIFE GLOBAL FUNDING 3.4% 04/25/2023 144A | 700,000 | ** | 752,079 | |||||||||
GUARDIAN LIFE GLOBAL FUNDING 1.1% 06/23/2025 144A | 600,000 | ** | 608,584 | |||||||||
GUARDIAN LIFE GLOBAL FUNDING 1.4% 07/06/2027 144A | 800,000 | ** | 815,136 | |||||||||
HSBC HOLDINGS PLC 3.262/VAR 03/13/2023 | 1,000,000 | ** | 1,043,343 | |||||||||
* | JPMORGAN CHASE & CO 2.083/VAR 04/22/2026 | 800,000 | ** | 847,984 | ||||||||
* | JPMORGAN CHASE & CO 1.045%/VAR 11/19/2026 | 660,000 | ** | 668,125 | ||||||||
JOHNSON & JOHNSON 2.25% 03/03/2022 | 2,385,000 | ** | 2,454,342 | |||||||||
MET LIFE GLOB FUNDING I 2.65% 04/08/2022 144A | 950,000 | ** | 983,858 | |||||||||
METROPOLITAN LIFE GLBL FDG I 0.9% 06/08/2023 144A | 473,000 | ** | 479,238 | |||||||||
MICROSOFT CORP 1.55% 08/08/2021 | 1,000,000 | ** | 1,013,030 | |||||||||
NEW YORK LIFE GLB FD MTN 144A 1.7% 09/14/2021 144A | 1,000,000 | ** | 1,014,889 | |||||||||
NEW YORK LIFE GLB FD MTN 144A 2.3% 06/10/2022 144A | 1,000,000 | ** | 1,030,206 | |||||||||
NEW YORK LIFE INSURANCE CO 1.1% 05/05/2023 144A | 310,000 | ** | 315,916 | |||||||||
NOVARTIS CAP CORP 2.4% 05/17/2022 | 1,000,000 | ** | 1,030,634 | |||||||||
PECO ENERGY COMPANY 1.7% 09/30/2021 | 660,000 | ** | 669,183 | |||||||||
PACIFIC LIFE GF II 1.2% 06/24/2025 144A | 439,000 | ** | 445,013 | |||||||||
PRICOA GLOBAL FDG I MTN 2.4% 09/23/2024 144A | 651,000 | ** | 695,145 | |||||||||
PRICOA GLOBAL FDG I MTN 2.45% 09/21/2022 144A | 448,000 | ** | 467,155 | |||||||||
PROTECTIVE LIFE GLOBAL FDG 2.615% 08/22/2022 144A | 450,000 | ** | 470,474 | |||||||||
ROYAL BANK OF CANADA 1.15% 06/10/2025 | 610,000 | ** | 623,622 | |||||||||
* | STATE STREET CORP 1.95% 05/19/2021 | 1,000,000 | ** | 1,008,931 | ||||||||
TOYOTA MOTOR CREDIT CORP 3.05% 01/08/2021 | 179,000 | ** | 181,667 | |||||||||
UBS AG LON BRANCH 1.75% 04/21/2022 144A | 910,000 | ** | 929,265 | |||||||||
USAA CAPITAL CORP 1.5% 05/01/2023 144A | 150,000 | ** | 154,229 | |||||||||
WALMART INC 2.85% 07/08/2024 | 1,000,000 | ** | 1,095,377 | |||||||||
WELLS FARGO BK NA SF CA MTN BE 3ML+65 09/09/2022 | 2,700,000 | ** | 2,748,617 | |||||||||
|
|
| ||||||||||
Total Corporate Bonds | — | $ | 28,814,526 | |||||||||
|
|
| ||||||||||
Synthetic guaranteed investment contract and wrapper contracts: | ||||||||||||
ADJUSTMENT FROM FAIR VALUE TO CONTRACT VALUE GUARANTEED INVESTMENT CONTRACT | ** | $ | (10,006,164 | ) | ||||||||
|
|
| ||||||||||
Total synthetic guaranteed investment contract and wrapper contracts | — | $ | (10,006,164 | ) | ||||||||
|
|
| ||||||||||
* | Participant loans | | 3.25% -7.25% Maturing 2021 - 2035 | | ** | $ | 72,150,958 | |||||
|
|
| ||||||||||
Total investments at year end | $319,284,232 | $ | 6,326,348,466 | |||||||||
|
|
|
* | Party-in-interest |
** | Historical cost is disclosed only for nonparticipant-directed investments |
18
Table of Contents
Pursuant to the requirements of the Securities Exchange Act of 1934, the Employee Benefit Plans Administrative Committee has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: June 28, 2021 | NextEra Energy, Inc. Employee Retirement Savings Plan | |||||
(Name of Plan) | ||||||
By: | /s/ Deborah H. Caplan | |||||
Deborah H. Caplan Chairperson of the Employee Benefit Plans Administrative Committee |
19