The fair value of DB Plan and OPEB Plan assets by levels within the fair value hierarchy used
as of December 31, 2019 was as follows:
(in thousands) Fair Value Level 1 Level 2 Level 3
DB Plan:
Guaranteed Interest Accounts S$ 5,155 S - S - S 5,155
Total Assets in the Fair Value Hierarchy 5,155 - - 5,155
Investments measured at net asset value”) 16,032 - - -
DB Plan Investments, at Fair Value 21,187 - - 5,155
OPEB Plans:
Common stocks 311 311 - -
Mutual funds 109 109 - -
Fixed income funds 170 170 - -
Money market funds 14 - 14 -
Total Assets in the Fair Value Hierarchy 604 590 14 -
Investments measured at net asset value”! - - - -
OPEB Plans Investments, at Fair Value 604 590 14 -
Totals S$ 21,791 S 590 S 14 S 5,155
{a) In accordance with Subtopic 820-10, certain investments that were measured at fair value using the net asset value
per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value
amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts
presented in the statements of assets available for benefits of the Plans.
Level 1: Based on quoted prices in active markets for identical assets.
Level 2: Based on significant observable inputs.
Level 3: Based on significant unobservable inputs.
The following table summarizes investments at fair value based on NAV per share as of
December 31, 2020 and 2019, respectively:
(in thousands) Fair Value
December 31, 2020
Pooled Separate Accounts:
Equities S$ 14,391
Fixed Income 3,504
Total Pooled Separate Accounts $ 17,895
December 31, 2019
Pooled Separate Accounts:
Equities S 12,870
Fixed Income 3,162
Total Pooled Separate Accounts $ 16,032
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