DFX Intelligence

Allocator Intelligence

The capital-owner graph behind private markets. Who owns the capital, who decides, how much, under what policy, on whose advice, to which managers, and what changed, with a source and a date behind every row. A target is never an actual, a disclosed holding is never an approval, and an estimate says so.

Corporate pension

Cubic Corporation Pension Plan

Corporate pensionSAN Diego, CA
Assets
$74.2M
Total assets, Sep 30, 2025 reported
Funded
91.5%
Oct 1, 2024
Private markets target
n/a
policy Sep 30, 2025
Commitments
34
none on the tape
Plan sponsor: Cubic Corporation
Allocation policy
Form 5500, as of Sep 30, 2025
Actual allocation lines without a target (as filed)
  • Common/collective trusts 98.4%
  • Pooled separate accounts 1.5%
  • Registered investment companies 0.1%
Consultants and advisers
7 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
2 managers on the commitment tape
From the plan’s own commitment disclosures
From Schedule C (investment management, code 28)
Commitments
34 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Sep 30, 2025Short Termseparate accountPrudential Insurance Company of AmeCash$1.1M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2025Mercer Active Intermediate Credit Fcollective trustMercer Trust Company LLCPrivate credit$14.5M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2025Mercer US Large Cap Core Passive Eqcollective trustMercer Trust Company LLCPublic equity$5.0M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2025Mercer US Small/mid Cap Equity Portcollective trustMercer Trust Company LLCPublic equity$634,161 heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2025Mercer Non-Us Core Equity Portfoliocollective trustMercer Trust Company LLCPublic equity$2.3M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2025Mercer Emerging Markets Equity Portcollective trustMercer Trust Company LLCPublic equity$972,856 heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2025Ssga Int US Govt/credit Bd Indx Nlcollective trustState Street Global Advisors TrustPrivate credit$10.5M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2025Mercer Opportunistic Fixed Incomecollective trustMercer Trust Company LLCHedge / diversifiers$1.1M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2025Mercer Active Long Corporate Fixedcollective trustMercer Trust Company LLCFixed income$35.1M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2025Real Asset Nl Series - Class acollective trustState Street Global Advisors TrustReal assets$1.1M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2025Mercer Passive Long Government Fixecollective trustMercer Trust Company LLCPooled vehicles$1.9M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2024Mercer US Small/mid Cap Equity Portcollective trustMercer Trust Company LLCPublic equity$809,388 heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2024Mercer Non-Us Core Equity Portfoliocollective trustMercer Trust Company LLCPublic equity$2.5M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2024Mercer Emerging Markets Equity Portcollective trustMercer Trust Company LLCPublic equity$1.0M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2024Mercer Opportunistic Fixed Incomecollective trustMercer Trust Company LLCHedge / diversifiers$1.2M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2024Mercer Active Long Corporate Fixedcollective trustMercer Trust Company LLCFixed income$38.9M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2024Real Asset Nl Series - Class acollective trustState Street Global Advisors TrustReal assets$1.2M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2024Short Termseparate accountPrudential Insurance Company of AmeCash$1.1M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2024Mercer Active Intermediate Credit Fcollective trustMercer Trust Company LLCPrivate credit$13.5M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2024Mercer US Large Cap Core Passive Eqcollective trustMercer Trust Company LLCPublic equity$5.1M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2024Mercer Passive Long Government Fixecollective trustMercer Trust Company LLCPooled vehicles$1.9M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2024Ssga Int US Govt/credit Bd Indx Nlcollective trustState Street Global Advisors TrustPrivate credit$11.2M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2023Short Termseparate accountPrudential Insurance Company of AmeCash$1.1M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2023Mercer Active Intermediate Credit Fcollective trustMercer Trust Company LLCPrivate credit$12.9M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2023Mercer US Large Cap Core Passive Eqcollective trustMercer Trust Company LLCPublic equity$3.2M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2023Mercer US Small/mid Cap Equity Portcollective trustMercer Trust Company LLCPublic equity$815,871 heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2023Mercer Non-Us Core Equity Portfoliocollective trustMercer Trust Company LLCPublic equity$2.0M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2023Mercer Emerging Markets Equity Portcollective trustMercer Trust Company LLCPublic equity$1.4M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2023Mercer Global Low Volatility Equitycollective trustMercer Trust Company LLCPublic equity$1.3M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2023Mercer Opportunistic Fixed Incomecollective trustMercer Trust Company LLCHedge / diversifiers$1.1M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2023Mercer Active Long Corporate Fixedcollective trustMercer Trust Company LLCFixed income$36.2M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2023Real Asset Nl Series - Class acollective trustState Street Global Advisors TrustReal assets$1.1M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2023Mercer Passive Long Government Fixecollective trustMercer Trust Company LLCPooled vehicles$3.8M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2023Ssga Int US Govt/credit Bd Indx Nlcollective trustState Street Global Advisors TrustPrivate credit$8.5M heldDisclosed holdingaskebsa.dol.gov
Size and funding
33 readings
Total assets
$74.2M Sep 30, 2025 reported Form 5500
$78.4M (2024-09) · $73.5M (2023-09)
Plan assets
$78.4M Oct 1, 2024 reported Form 5500
$73.5M (2023-10) · $77.7M (2022-10)
Net assets
$74.2M Sep 30, 2025 reported Form 5500
$78.4M (2024-09) · $73.5M (2023-09)
Funded ratio
91.5% Oct 1, 2024 reported Form 5500
95.8% (2023-10) · 100.8% (2022-10)
Funding target
$72.7M Oct 1, 2024 reported Form 5500
$77.8M (2023-10) · $78.6M (2022-10)
Discount rate
5.36% Oct 1, 2024 reported Form 5500
5.16% (2023-10) · 5.33% (2022-10)
Participants
1,894 Oct 1, 2024 reported Form 5500
1,923 (2023-10) · 1,948 (2022-10)
Contributions
$0 Sep 30, 2025 reported Form 5500
$0 (2024-09) · $0 (2023-09)
Benefits paid
$6.6M Sep 30, 2025 reported Form 5500
$6.5M (2024-09) · $6.0M (2023-09)
Net investment income
$-4.1M Sep 30, 2025 reported Form 5500
$4.8M (2024-09) · $-4.1M (2023-09)
Investment management fees
$262,146 Sep 30, 2025 reported Form 5500
$302,174 (2024-09) · $517,865 (2023-09)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Sep 30, 20251,894$78.4M$72.7M91.5%$74.2M$0n/an/a
2023 to Sep 30, 20241,923$73.5M$77.8M95.8%$78.4M$0n/an/a
2022 to Sep 30, 20231,948$77.7M$78.6M100.8%$73.5M$0n/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
  • Mercer Investments LLC codes 51 52 $258,941 PY2024
  • Prudential Insurance Co. codes 10 12 13 17 18 24 26 50 51 52 $83,159 PY2024
  • Cbiz CPAS, P.C. codes 10 16 17 50 $26,535 PY2024
  • US Bank codes 19 50 $21,142 PY2024
  • State Street Global Advisors Trust codes 18 19 51 $3,205 PY2024
  • Short Term Sched. D P $1.1M PY2024
  • Mercer Active Inter Cr Fixed Income Sched. D C $14.5M PY2024
  • Mercer US Lg Cap Passive Eq Portfol Sched. D C $5.0M PY2024
  • Mercer US Sm/md Cap Eq Portfolio Sched. D C $634,161 PY2024
  • Mercer Non US Core Eq Portfolio Sched. D C $2.3M PY2024
  • Ssga Int US Govt/credit Bd Indx Nl Sched. D C $10.5M PY2024
  • Mercer Opp Fixed Income Portfolio Sched. D C $1.1M PY2024
  • Mercer Act Lng Corp Inv Portfolio Sched. D C $35.1M PY2024
  • Real Asset Nl Series - Class a Sched. D C $1.1M PY2024
  • Mercer Pass Long Cr Fixed Inc Sched. D C $1.9M PY2024
  • Mercer Emerging Mkts Eq Portfolio Sched. D C $972,856 PY2024
  • Mercer codes 11 PY2024
  • Mercer Investments LLC codes 51 52 $219,984 PY2023
  • Prudential Insurance Co. codes 10 12 13 17 18 24 26 50 51 52 $79,770 PY2023
  • US Bank codes 19 50 $27,650 PY2023
  • Cbiz CPAS, P.C. codes 10 16 17 50 $25,279 PY2023
  • Cbiz Benefits & Insurance Services codes 18 50 $3,500 PY2023
  • State Street Global Advisors Trust codes 18 19 51 $2,420 PY2023
  • Short Term Sched. D P $1.1M PY2023
  • Mercer Active Inter Cr Fixed Income Sched. D C $13.5M PY2023
  • Mercer US Lg Cap Passive Eq Portfol Sched. D C $5.1M PY2023
  • Mercer US Sm/md Cap Eq Portfolio Sched. D C $809,388 PY2023
  • Mercer Non US Core Eq Portfolio Sched. D C $2.5M PY2023
  • Mercer Emerging Mkts Eq Portfolio Sched. D C $1.0M PY2023
  • Mercer Global Low Volatility Eq Por Sched. D C PY2023
  • Mercer Opp Fixed Income Portfolio Sched. D C $1.2M PY2023
  • Mercer Act Lng Corp Inv Portfolio Sched. D C $38.9M PY2023
  • Real Asset Nl Series - Class a Sched. D C $1.2M PY2023
  • Mercer Pass Long Cr Fixed Inc Sched. D C $1.9M PY2023
  • Ssga Int US Govt/credit Bd Indx Nl Sched. D C $11.2M PY2023
  • Mercer codes 11 PY2023
  • Mercer Investments LLC codes 51 52 $228,566 PY2022
  • State Street Global Advisors Trust codes 18 19 51 $213,311 PY2022
  • Prudential Insurance Co. codes 10 12 13 17 18 24 26 50 51 52 $75,987 PY2022
  • Willis Towers Watson US LLC codes 11 16 17 50 $33,766 PY2022
  • Mayer Hoffman Mccan P.C. codes 10 16 17 50 $26,750 PY2022
  • US Bank codes 19 50 $17,200 PY2022
  • Mercer Emerging Mkts Eq Portfolio Sched. D C $1.4M PY2022
  • Mercer Global Low Volatility Eq Por Sched. D C $1.3M PY2022
  • Mercer Opp Fixed Income Portfolio Sched. D C $1.1M PY2022
  • Mercer Act Lng Corp Inv Portfolio Sched. D C $36.2M PY2022
  • Real Asset Nl Series - Class a Sched. D C $1.1M PY2022
  • Mercer Pass Long Cr Fixed Inc Sched. D C $3.8M PY2022
  • Ssga Int US Govt/credit Bd Indx Nl Sched. D C $8.5M PY2022
  • Short Term Sched. D P $1.1M PY2022
  • Mercer Active Inter Cr Fixed Income Sched. D C $12.9M PY2022
  • Mercer US Lg Cap Passive Eq Portfol Sched. D C $3.2M PY2022
  • Mercer US Sm/md Cap Eq Portfolio Sched. D C $815,871 PY2022
  • Mercer Non US Core Eq Portfolio Sched. D C $2.0M PY2022
  • Willis Towers Watson US LLC codes 11 PY2022
What changed
4 events
  • Oct 1, 2024Funded status changed
    Cubic Corporation Pension Plan funded ratio 95.8% -> 91.5% (2023-10-01 to 2024-10-01)
    askebsa.dol.gov
  • Sep 30, 2024Holding endedinference
    Cubic Corporation Pension Plan no longer reports Mercer Global Low Volatility Equity (last held $1M at 2023-09-30; absent from the 2024-09-30 filing)
    with Mercer Global Low Volatility Equityaskebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Willis Towers Watson US LLC no longer appears on Cubic Corporation Pension Plan's Schedule C as general consultant (plan year 2023 vs 2022)
    with Willis Towers Watson US LLCaskebsa.dol.gov
  • Oct 1, 2023Funded status changed
    Cubic Corporation Pension Plan funded ratio 100.8% -> 95.8% (2022-10-01 to 2023-10-01)
    askebsa.dol.gov
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 951678055-002
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 15, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.