AUTOMATIC DATA PROCESSING INC | 2013 | FY | 3


 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
 
 
 
 
 
 
 
Commingled trusts
 
$

 
$
1,050.7

 
$

 
$
1,050.7

U.S. government securities
 

 
228.3

 

 
228.3

Mutual funds
 
79.2

 

 

 
79.2

Corporate and municipal bonds
 

 
252.5

 

 
252.5

Mortgage-backed security bonds
 

 
22.7

 

 
22.7

Total pension assets
 
$
79.2

 
$
1,554.2

 
$

 
$
1,633.4


In addition to the investments in the above table, the pension plans also held cash and cash equivalents of $42.7 million as of June 30, 2013, which have been classified as Level 2 in the fair value hierarchy.

The following table presents the investments of the pension plans measured at fair value at June 30, 2012:
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
 
 
 
 
 
 
 
Commingled trusts
 
$

 
$
583.5

 
$

 
$
583.5

U.S. government securities
 

 
272.5

 

 
272.5

Mutual funds
 
269.6

 

 

 
269.6

Corporate and municipal bonds
 

 
272.8

 

 
272.8

Mortgage-backed security bonds
 

 
13.9

 

 
13.9

Total pension assets
 
$
269.6

 
$
1,142.7

 
$

 
$
1,412.3


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