Company: SABR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001597033-25-000027
Chunk: 76

Company: Sabre Corp
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 76
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 provide opportunities for reasonable long term returns with acceptable levels of investment risk. Fair values of the applicable assets are determined as follows:Mutual Fund—The fair value of our mutual funds are estimated by using market quotes as of the last day of the period.

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Common Collective Trusts—The fair value of our common collective trusts are estimated by using market quotes as of the last day of the period, quoted prices for similar securities and quoted prices in non-active markets.Real Estate—The fair value of our real estate funds are derived from the fair value of the underlying real estate assets held by the funds. These assets are initially valued at cost and are reviewed periodically utilizing available market data to determine if the assets held should be adjusted.The basis for the selected target asset allocation included consideration of the demographic profile of plan participants, expected future benefit obligations and payments, projected funded status of the plan and other factors. The target allocations for LPP assets are 40% global equities, 15% real estate assets, 15% diversified credit,  28% liability hedging assets, and 2% cash. It is recognized that the investment management of the LPP assets has a direct effect on the achievement of its goal. As defined in Note 12. Fair Value Measurements, the following tables present the fair value of the LPP assets as of December 31, 2024 and 2023: Fair Value Measurements at December 31, 2024 Quoted Prices inActive Markets forIdentical Assets(Level 1)SignificantObservableInputs(Level 2)SignificantUnobservableInputs(Level 3)TotalCommon collective trust$— $172,546 $— $172,546 Real estate— — 32,142 32,142 Money market mutual fund7,529 — — 7,529 Total assets at fair value$7,529 $172,546 $32,142 $212,217 Fair Value Measurements at December 31, 2023Quoted Prices inActive Markets forIdentical Assets(Level 1)SignificantObservableInputs(Level 2)SignificantUnobservableInputs(Level 3)TotalCommon collective trust$— $183,542 $— $183,542 Real estate— — 32,569 32,569 Money market mutual fund2,750 — — 2,750 Total assets at fair value$2,750 $183