APACHE CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) The plan’s assets do not include any direct ownership of equity or debt securities of Apache.
The fair value of plan assets is based upon unadjusted quoted prices for identical instruments in active markets, which is a Level 1 fair value measurement.
The following tables present the fair values of plan assets for each major asset category based on the nature and significant concentration of risks in plan assets at December 31, 2013 and December 31, 2012:
## Table 0 ##
(1) This category comprises U. K.  equities, which are benchmarked against the FTSE All-Share Index.
(2) This category includes overseas equities, which comprises 85 percent global equities benchmarked against the MSCI World Index and 15 percent emerging markets benchmarked against the MSCI Emerging Markets Index, both of which have a performance target of 2 percent per annum over the benchmark over a rolling three-year period.
(3) This category includes U. K.  Government bonds: 33 percent benchmarked against iBoxx Sterling Overall Index, with a performance target of 0.75 percent per annum over the benchmark over a rolling three-year period; and 67 percent against the FTSE Actuaries Government Securities Index-Linked Over 5 Years Index.
(4) This category comprises U. K.  corporate bonds: 50 percent benchmarked against the iBoxx Sterling Overall Non Gilt index with a performance target of 0.75 percent per annum over the benchmark over a rolling three-year period; and 50 percent benchmarked against the iBoxx Sterling Overall Non Gilt Index with a performance target of 0.75 percent per annum over the benchmark over a rolling five year period.
APACHE CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) $24 million.
The Company realized an additional tax benefit of approximately $1.5 million for the amount of intrinsic value in excess of compensation cost recognized in 2013.
As of December 31, 2013, the total compensation cost related to non-vested options not yet recognized was $60 million, which will be recognized over the remaining vesting period of the options.
Stock Appreciation Rights For some non-executive employees, the Company issued stock appreciation rights (SARs) in lieu of stock options.
The SARs vest ratably over four years and are settled in cash upon exercise throughout their ten-year life.
In 2012, the Company issued 180,555 SARs with a weighted-average exercise price of $82.63 under the 2011 Omnibus Plan.
As of December 31, 2013, a total of 316,127 SARs were outstanding, of which 201,552 were exercisable.
Since SARs are cash-settled, the Company records compensation expense based on the fair value of the SARs at the end of each period.
As of year-end, the weighted-average fair value of SARs outstanding was $33.41 based on the Black-Scholes valuation methodology using assumptions comparable to those discussed above.
During 2013, 237,288 SARs were exercised.
The aggregate of cash payments made to settle SARs was $11 million.
Restricted Stock and Restricted Stock Units The Company has restricted stock and restricted stock unit plans for eligible employees including officers.
The programs created under the Omnibus Plans have been approved by Apache’s Board of Directors.
In 2013, the Company awarded 3,098,029 restricted stock units at a weighted-average per-share market price of $82.95.
In 2012 and 2011, the Company awarded 1,219,886 and 887,851 restricted stock units at a weighted-average pershare market price of $85.67 and $124.16, respectively.
The value of the stock issued was established by the market price on the date of grant and is being recorded as compensation expense ratably over the vesting terms.
During 2013, 2012, and 2011, $82 million ($53 million after tax), $74 million ($48 million after tax), and $76 million ($49 million after tax), respectively, was charged to expense.
In 2013, 2012, and 2011, $30 million, $25 million, and $28 million was capitalized, respectively.
As of December 31, 2013, there was $242 million of total unrecognized compensation cost related to 3,952,539 unvested restricted stock units.
The weighted-average remaining life of unvested restricted stock units is approximately 1.3 years.
The fair value of the awards vested during 2013, 2012 and 2011 was approximately $88 million, $114 million, and $85 million, respectively.
A summary of restricted stock activity for the year ended December 31, 2013, is presented below.
## Table 1 ##
Conditional Restricted Stock Units To provide long-term incentives for Apache employees to deliver competitive returns to the Company’s stockholders, the Company has granted conditional restricted stock units to eligible employees.
The ultimate number of shares awarded from these conditional restricted stock units is based upon measurement of total
APACHE CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) shareholder return of Apache common stock as compared to a designated peer group during a three-year performance period.
Should any restricted stock units be awarded at the end of the three-year performance period, 50 percent of restricted stock units awarded will immediately vest, and an additional 25 percent will vest on succeeding anniversaries of the end of the performance period.
Grants from two conditional restricted stock unit programs were outstanding at December 31, 2013, as described below: ?
In November 2010 the Company’s Board of Directors approved the 2011 Performance Program, pursuant to the 2007 Plan.
In January 2011 eligible employees received initial conditional restricted stock unit awards totaling 585,811 units.
Based on measurement of total shareholder return relative to the designated peer group at December 31, 2013, zero shares were awarded and all unvested conditional restricted stock units were cancelled.
Upon cancellation, all remaining unamortized expense related to these awards was immediately amortized.  ?
In January 2012 the Company’s Board of Directors approved the 2012 Performance Program, pursuant to the 2011 Plan.
In January 2012 eligible employees received initial conditional restricted stock unit awards totaling 851,985 units.
A total of 710,686 units were outstanding at December 31, 2013, from which a minimum of zero and a maximum of 1,776,715 units could be awarded.  ?
In January 2013 the Company’s Board of Directors approved the 2013 Performance Program, pursuant to the 2011 Plan.
In January 2013 eligible employees received initial conditional restricted stock unit awards totaling 1,232,176 units.
In May 2013, the Company’s Board of Directors cancelled 918,016 awards under the 2013 Performance Program for nonexecutive employees.
A total of 310,091 awards were outstanding at December 31, 2013, from which a minimum of zero and a maximum of 775,228 units could be awarded.
The fair value cost of the awards was estimated on the date of grant and is being recorded as compensation expense ratably over the vesting terms.
During 2013, 2012, and 2011, $27 million ($17 million after tax), $47 million ($31 million after tax), and $12 million ($8 million after tax), respectively, was charged to expense.
During 2013, 2012, and 2011, $13 million, $21 million, and $5 million was capitalized, respectively.
As of December 31, 2013, there was $47 million of total unrecognized compensation cost related to 1,020,777 unvested conditional restricted stock units.
The weighted-average remaining life of the unvested conditional restricted stock units is approximately 2.1 years.
## Table 2 ##
(1) The fair value of each conditional restricted stock unit award is estimated as of the date of grant using a Monte Carlo simulation with the following assumptions used for all grants made under the plan: (i) a threeyear continuous risk-free interest rate; (ii) a constant volatility assumption based on the historical realized stock price volatility of the Company and the designated peer group; and (iii) the historical stock prices and expected dividends of the common stock of the Company and its designated peer group.
The following graph compares the cumulative 5-year total return to shareholders of Cadence Design Systems, Inc. ’s common stock relative to the cumulative total returns of the S & P 500 Index, the NASDAQ Composite Index and the S & P Information Technology Index.
The graph assumes that the value of the investment in the company’s common stock and in each of the indexes (including reinvestment of dividends) was $100 on December 29, 2001 and tracks it through December 30, 2006.
COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN* Among Cadence Design Systems, Inc. , The S & P 500 Index, The NASDAQ Composite Index And The S & P Information Technology Index
## Table 3 ##
* $100 invested on 12/29/01 in stock or on 12/31/01 in index-incuding reinvestment of dividends.
Indexes calculated on month-end basis.
Copyright · 2007, Standard & Poor’s, a division of The McGraw-Hill Companies, Inc.  All rights reserved.
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htm

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td colspan="4"> Fair Value Measurements Using:</td></tr><tr><td></td><td> Quoted Price in Active Markets (Level 1)</td><td> Significant Other Inputs (Level 2)</td><td> Unobservable Inputs (Level 3)</td><td> Total Fair Value</td></tr><tr><td></td><td colspan="4"> (In millions)</td></tr><tr><td> December 31, 2013</td><td></td><td></td><td></td><td></td></tr><tr><td>Equity securities:</td><td></td><td></td><td></td><td></td></tr><tr><td>U.K. quoted equities-1</td><td>$35</td><td>$—</td><td>$—</td><td>$35</td></tr><tr><td>Overseas quoted equities-2</td><td>63</td><td>—</td><td>—</td><td>63</td></tr><tr><td>Total equity securities</td><td>98</td><td>—</td><td>—</td><td>98</td></tr><tr><td>Debt securities:</td><td></td><td></td><td></td><td></td></tr><tr><td>U.K. Government bonds-3</td><td>54</td><td>—</td><td>—</td><td>54</td></tr><tr><td>U.K. corporate bonds-4</td><td>38</td><td>—</td><td>—</td><td>38</td></tr><tr><td>Total debt securities</td><td>92</td><td>—</td><td>—</td><td>92</td></tr><tr><td>Cash</td><td>1</td><td>—</td><td>—</td><td>1</td></tr><tr><td>Fair value of plan assets</td><td>$191</td><td>$—</td><td>$—</td><td>$191</td></tr><tr><td> December 31, 2012</td><td></td><td></td><td></td><td></td></tr><tr><td>Equity securities:</td><td></td><td></td><td></td><td></td></tr><tr><td>U.K. quoted equities-1</td><td>$28</td><td>$—</td><td>$—</td><td>$28</td></tr><tr><td>Overseas quoted equities-2</td><td>56</td><td>—</td><td>—</td><td>56</td></tr><tr><td>Total equity securities</td><td>84</td><td>—</td><td>—</td><td>84</td></tr><tr><td>Debt securities:</td><td></td><td></td><td></td><td></td></tr><tr><td>U.K. Government bonds-3</td><td>51</td><td>—</td><td>—</td><td>51</td></tr><tr><td>U.K. corporate bonds-4</td><td>34</td><td>—</td><td>—</td><td>34</td></tr><tr><td>Total debt securities</td><td>85</td><td>—</td><td>—</td><td>85</td></tr><tr><td>Cash</td><td>1</td><td>—</td><td>—</td><td>1</td></tr><tr><td>Fair value of plan assets</td><td>$170</td><td>$—</td><td>$—</td><td>$170</td></tr></table>
<table><tr><td></td><td>Shares</td><td> Weighted- Average Grant- Date Fair Value</td></tr><tr><td></td><td colspan="2"> (In thousands)</td></tr><tr><td>Non-vested at January 1, 2013</td><td>2,164</td><td>$97.34</td></tr><tr><td>Granted</td><td>3,098</td><td>82.95</td></tr><tr><td>Vested</td><td>-907</td><td>96.79</td></tr><tr><td>Forfeited</td><td>-402</td><td>88.61</td></tr><tr><td>Non-vested at December 31, 2013</td><td>3,953</td><td>86.70</td></tr></table>
<table><tr><td></td><td>Shares (In thousands)</td><td> Weighted- Average Grant- Date Fair Value-1</td></tr><tr><td>Non-vested at January 1, 2013</td><td>1,306</td><td>$78.40</td></tr><tr><td>Granted</td><td>1,232</td><td>79.60</td></tr><tr><td>Vested</td><td>0</td><td>79.49</td></tr><tr><td>Cancelled</td><td>-1,369</td><td>83.34</td></tr><tr><td>Forfeited</td><td>-149</td><td>78.09</td></tr><tr><td>Non-vested at December 31, 2013</td><td>1,020</td><td>73.73</td></tr></table>
<table><tr><td></td><td>December 29, 2001</td><td>December 28, 2002</td><td>January 3, 2004</td><td>January 1, 2005</td><td>December 31, 2005</td><td>December 30, 2006</td></tr><tr><td>Cadence Design Systems, Inc.</td><td>100.00</td><td>54.38</td><td>81.52</td><td>61.65</td><td>75.54</td><td>79.96</td></tr><tr><td>S & P 500</td><td>100.00</td><td>77.90</td><td>100.24</td><td>111.15</td><td>116.61</td><td>135.03</td></tr><tr><td>NASDAQ Composite</td><td>100.00</td><td>71.97</td><td>107.18</td><td>117.07</td><td>120.50</td><td>137.02</td></tr><tr><td>S & P Information Technology</td><td>100.00</td><td>62.59</td><td>92.14</td><td>94.50</td><td>95.44</td><td>103.47</td></tr></table>

Question: what is the rate of return of an investment in s&p500 inc from 2001 to 2005?
Answer: 0.1115
Reasoning program: subtract(111.15,const_100), divide(#0,const_100)