11-K
Table of Contents

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 11-K

 

 

 

x ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended May 31, 2013

OR

 

¨ TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                     to                    

Commission File No. 001-10635

 

LOGO

 

 

NIKE, Inc.

(Full title of the plan)

 

 

401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.

(Name of issuer of the securities held pursuant to the plan)

One Bowerman Drive

Beaverton, Oregon 97005

(Address of the plan and address of issuer’s principal executive offices)

 

 

 


Table of Contents

401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.

Financial Statements and Supplemental Schedules

May 31, 2013 and 2012


Table of Contents

401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.

Index

 

 

     Page(s)  

Report of Independent Auditors

     1   

Financial Statements

  

Statements of Net Assets Available for Benefits May 31, 2013 and 2012

     2   

Statement of Changes in Net Assets Available for Benefits Year Ended May 31, 2013

     3   

Notes to Financial Statements May 31, 2013 and 2012

     4–16   

Supplemental Schedules

  

Schedule H, Line 4i – Schedule of Assets (Held at End of Year) May 31, 2013

     18–37   

Schedule H, Line 4i – Schedule of Assets (Acquired and Disposed of Within Year) Year Ended May 31, 2013

     38–39   

 

Note: Other schedules required by 29 CFR Section 2520.103-10 of the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 have been omitted because they are not applicable.


Table of Contents

 

LOGO

Report of Independent Registered Public Accounting Firm

To the Participants and Administrator of

401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.:

In our opinion, the accompanying statements of net assets available for benefits and the related statements of changes in net assets available for benefits present fairly, in all material respects, the net assets available for benefits of 401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.: (the “Plan”) at May 31, 2013 and May 31, 2012, and the changes in net assets available for benefits for the year ended May 31, 2013, in conformity with accounting principles generally accepted in the United States of America. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental Schedule of Assets Held At End of Year as of May 31, 2013, and Schedule of Assets Acquired and Disposed of Within Year ended May 31, 2013 are presented for the purpose of additional analysis and are not a required part of the basic financial statements but are supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. These supplemental schedules are the responsibility of the Plan’s management. The supplemental schedules have been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole.

/s/ PricewaterhouseCoopers LLP

Portland, Oregon

November 22, 2013

PricewaterhouseCoopers LLP, 1300 SW Fifth Avenue, Suite 3100, Portland, OR 97201

T: (971) 544 4000, F: (971) 544 4100, www.pwc.com/us


Table of Contents

401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.

Statements of Net Assets Available for Benefits

May 31, 2013 and 2012

 

 

     2013     2012  

Assets

    

Investments, at fair value

    

Collective trust funds

   $ 1,628,931,881      $ 1,304,605,985   

NIKE, Inc. Class B common stock

     549,825,241        522,643,543   

Registered investment companies

     89,810,730        70,014,666   

Corporate and foreign bonds

     39,917,598        37,435,516   

Guaranteed investment contract

     —          3,414,452   

Interest bearing cash

     3,425,720        109   

Common and foreign stocks

     20,973        20,406   
  

 

 

   

 

 

 

Total investments

     2,311,932,143        1,938,134,677   
  

 

 

   

 

 

 

Receivables

    

Employer contributions

     46,735,971        42,389,605   

Notes receivable from participants

     27,201,901        26,552,534   

Participant contributions

     —          2,484,700   

Accrued interest and dividends

     2,595,278        2,511,330   

Due from broker for securities sold

     2,790,079        468,917   
  

 

 

   

 

 

 

Total receivables

     79,323,229        74,407,086   
  

 

 

   

 

 

 

Cash

     5,184,500        30,027   
  

 

 

   

 

 

 

Total assets

     2,396,439,872        2,012,571,790   
  

 

 

   

 

 

 

Liabilities

    

Due to broker for securities purchased

     3,018,375        298,035   

Accrued expenses

     145,049        126,351   
  

 

 

   

 

 

 

Total liabilities

     3,163,424        424,386   
  

 

 

   

 

 

 

Net assets available for benefits at fair value

     2,393,276,448        2,012,147,404   

Adjustment from fair value to contract value for interest in collective trust relating to fully benefit-responsive investment contracts

     (1,540,512     (245,789
  

 

 

   

 

 

 

Net assets available for benefits

   $ 2,391,735,936      $ 2,011,901,615   
  

 

 

   

 

 

 

The accompanying notes are an integral part of these financial statements.

 

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401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.

Statement of Changes in Net Assets Available for Benefits

Year Ended May 31, 2013

 

 

Additions

  

Investment income

  

Net appreciation in fair value of investments

   $ 334,215,311   

Interest and dividends

     11,460,370   
  

 

 

 

Total investment income

     345,675,681   

Less: Investment expenses

     (459,938
  

 

 

 

Net investment income

     345,215,743   
  

 

 

 

Interest income on notes receivable from participants

     1,131,763   
  

 

 

 

Contributions

  

Employer, net of forfeitures

     97,009,369   

Participant

     80,516,764   

Rollover

     6,018,259   
  

 

 

 

Total contributions

     183,544,392   
  

 

 

 

Total additions

     529,891,898   
  

 

 

 

Deductions

  

Benefits paid to participants

     (148,820,286

Administrative expenses

     (1,237,291
  

 

 

 

Total deductions

     (150,057,577
  

 

 

 

Net increase

     379,834,321   

Net assets available for benefits

  

Beginning of year

     2,011,901,615   
  

 

 

 

End of year

   $ 2,391,735,936   
  

 

 

 

The accompanying notes are an integral part of these financial statements.

 

3


Table of Contents

401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.

Notes to Financial Statements

May 31, 2013 and 2012

 

 

1. Description of the Plan

The following description of the 401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc. (the “Plan”) provides only general information. Participants should refer to the Plan document for a more complete description of the Plan’s provisions.

General

The Plan was established to provide for the retirement income requirements of and sharing in Company profits by all employees of NIKE, Inc. (the “Company”) and a retirement savings program for the employees of the Company not covered by a collective bargaining agreement. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”), as amended. Administration of the Plan is performed by the Administrative Subcommittee of the Retirement Committee. The Plan is amended from time to time in order to comply with changes in applicable laws and to make changes in Plan administration.

The Northern Trust Company (“Northern Trust” or the “Trustee”) is the Trustee and Aon Hewitt Associates (“Aon Hewitt” or the “Recordkeeper”) is the Recordkeeper of the Plan’s assets. Selected assets are held in the custody of Charles Schwab & Co. Inc. (“Charles Schwab” or the “Custodian”) and are maintained by the Trustee. The Plan’s investment decisions are overseen by the Investment Subcommittee of the Retirement Committee. Members of the Retirement Committee are appointed by the Board of Directors of the Company.

On January 1, 2012, the Company merged the Cole Haan Retirement Savings Plan, Converse Inc. 401(k) Savings Plan, and Hurley International LLC Tax Advantaged Plan (collectively, the “Affiliate Plans”) with and into the Plan (the “Plan Merger”). As a result of the Plan Merger, all assets and liabilities of the Affiliate Plans became assets and liabilities of the Plan, and the Affiliate Plans ceased to exist as of the close of business on January 1, 2012.

Eligibility

All employees, except those employees who are (1) covered by a collective bargaining agreement, (2) living outside the United States and not covered by the Company expatriate program, (3) working at the Company’s Memphis Apparel Distribution Center, whose employment is established pursuant to the Company’s Seasonal On Call Casual Employee Reserve (“SOCCER”) program, (4) not common-law employees, such as leased employees and individuals designated by NIKE as independent contractors, or (5) residing in Puerto Rico and working at the Puerto Rico facility, become eligible to receive profit sharing contributions on the first day of the Plan fiscal year coinciding with or immediately preceding completion of one year of employment with at least 1,000 hours of service. Employees are eligible to participate in the 401(k) portion of the Plan on the first day of employment.

Contributions

Participants may contribute up to 50% of their pre-tax annual compensation to the Plan, subject to annual individual deferral limitations under the Internal Revenue Code (“IRC”). Participants who have attained age 50 before the end of the Plan year are eligible to make catch-up contributions, as defined by the IRC. Participants may also contribute amounts representing distributions from other qualified defined benefit or defined contribution plans. Additionally, the Company will match participant contributions at a rate of 100% of the first 5% of the participant’s total base pay that is contributed to the account.

 

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401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.

Notes to Financial Statements

May 31, 2013 and 2012

 

 

Prior to May 13, 2011, the Company match contributions related to the Plan’s 401(k) feature were invested in NIKE, Inc. Class B common stock and as of June 1, 2001, these match contributions became subject to participant self-direction after the initial investment in Company stock was made to the Plan. Participants could redeem their shares in Company stock and reinvest the cash into other managed funds. As of May 13, 2011, the Company match followed participants’ fund selections and NIKE, Inc. Class B common stock became one of the investment choices. No more than 10% of a participant’s deferral and corresponding match can go into the NIKE stock fund and a participant can only transfer a portion of his or her existing account balance to purchase NIKE stock if the percentage of their account balance invested in NIKE stock is less than or equal to 20%. Transfers out of the NIKE stock fund are permitted at any time.

Under the Plan’s profit sharing features, the Company may make discretionary annual contributions as designated by the Company’s Board of Directors. However, this amount cannot be greater than the amount allowable as a tax deduction under the IRC. The annual contributions will be funded no later than the date the Company’s federal income tax return is filed.

Profit sharing contributions are invested in various fixed income and equity funds similar to those offered under the Plan’s 401(k) features. Investments held by the Plan on behalf of participants related to profit sharing contributions are nonparticipant-directed. In a nonparticipant-directed program, the Investment Committee, under the guidance of investment managers, directs the specific investments held by the Plan. See Note 7 for applicable disclosures. Investments held by the Plan on behalf of participants related to 401(k) contributions are participant-directed. In a participant-directed program, the individual participant selects the investments for his or her individual account.

Participant Accounts

Separate individual 401(k) and profit sharing accounts are maintained for each participant. Each participant’s 401(k) account is credited with the participant’s contributions and rollovers, the Company’s matching contributions, Plan expenses and an allocation of the Plan’s investment income or losses based upon the participant’s election of investment options. Participants direct the investment of their contributions into various investment options offered by the Plan.

An eligible profit sharing participant is entitled to an annual allocation of the employer profit sharing contribution and former participant profit sharing forfeitures after restoration of previously forfeited accounts. Employer profit sharing contributions and former participant forfeitures are allocated first in the proportion of the participant’s annual compensation to compensation of all participants, up to a maximum of 4% of the compensation of each participant. Contributions and forfeitures exceeding 4% of all participants’ annual compensation, if any, are allocated in the ratio of each participant’s excess compensation to total excess compensation of all participants, not to exceed 4% of such excess compensation. Excess compensation is defined as compensation in excess of the social security wage base. The balance of contributions and forfeitures, if any, is allocated to participants in the ratio of each participant’s annual compensation to the total of all participants’ annual compensation, subject to the IRC Section 415 defined maximum limitations. Participants do not direct the investment of profit sharing contributions.

Profit sharing investment income or loss and Plan expenses are allocated daily based on a ratio of each participant’s profit sharing account balance to the total profit sharing account balances.

The total benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested 401(k) and profit sharing accounts.

 

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401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.

Notes to Financial Statements

May 31, 2013 and 2012

 

 

Vesting

Participants in the 401(k) portion of the Plan are immediately vested in their elective, rollover, and Company matching contributions, plus actual earnings thereon. The Company contributions into the profit sharing portion of the Plan vest at 25% per year after completing two years of service, and vesting increases 25% for each additional year of service until fully vested after five years. Participants in the profit sharing portion of the Plan become fully vested in the Company’s contributions in the event of total and permanent disability, death, attainment of 65 years of age, or termination of the Plan.

Forfeitures

Upon a participant’s termination, the unvested portion of the participant’s profit sharing account is forfeited. Profit sharing forfeitures may be used to reduce future employer contributions or be allocated back to active participants. During the year ended May 31, 2013, profit sharing forfeitures of $1,309,138 were used to reduce employer contributions. At May 31, 2013 and 2012, accumulated profit sharing forfeitures totaled $1,351,379 and $1,653,965, respectively.

Notes Receivable From Participants

Participants may borrow a portion of their elective and rollover contributions by applying to the Administrative Subcommittee. Participants may borrow from their accounts amounts equal to the lesser of 50% of their vested account balance or $50,000 reduced by the balance of any outstanding loans. The term of the loan repayments range up to five years for general purpose loans and up to ten years for the purchase of a primary residence. The loans are secured by the balance in the participant’s account and bear interest at the prime rate plus one percentage point. Principal and interest are paid ratably through monthly deductions.

Benefit Payments

On termination of service due to death, disability, hardship, resignation, discharge and retirement, a participant is eligible to receive payments in the amount equal to the value of the participant’s vested interest in his or her account.

Vested benefits are distributed to participants in a lump-sum payment upon termination or are transferred to another qualified trust. Participants with vested benefits greater than $1,000 can elect to receive a distribution or leave their balance in the Plan. Terminated participants with balances greater than $1,000 may leave their vested benefits in the Plan until reaching the age of 65. Participants may apply to the Administrative Subcommittee to withdraw their voluntary 401(k) contributions in the event the participant is over age 59-1/2, or the participant has a financial hardship as stipulated in the Plan provisions. No withdrawals may be made from the unvested portion of the Company’s matching contributions, profit sharing contributions, or earnings thereon.

Plan Termination

Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, the accounts of all participants would become fully vested. The net assets of the Plan would be distributed among the participants and beneficiaries of the Plan in proportion to their interests after proper allocation of any Plan expenses incurred upon termination.

 

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401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.

Notes to Financial Statements

May 31, 2013 and 2012

 

 

 

2. Significant Accounting Policies

Basis of Accounting

The accompanying financial statements have been prepared on the accrual basis of accounting.

Recent Accounting Pronouncements and Developments

In May 2011, the FASB issued ASU 2011-04, “Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and International Financial Reporting Standards (IFRS),” which is intended to improve the comparability of fair value measurements presented and disclosed in financial statements prepared in accordance with GAAP and IFRS. The amendments are of two types: (i) those that clarify the FASB’s intent about the application of existing fair value measurement and disclosure requirements and (ii) those that change a particular principle or requirement for measuring fair value or for disclosing information about fair value measurements. The update is effective for annual periods beginning after December 15, 2011. The Plan’s management has adopted this update in the Plan’s financial statements.

Investment Valuation and Income Recognition

The Company’s Retirement Committee determines that Plan’s valuation policies utilizing information provided by the Trustee.

Managed funds consist of investments in preferred, common and foreign stock, corporate and foreign bonds, collective trust funds, registered investment companies, U.S. government securities, guaranteed insurance contracts, and interest bearing cash. See note 4 for discussion of fair value measurements.

Investments are purchased and sold at the fair value of the underlying investments and receive the interest and dividend earnings of the underlying investments. Purchases and sales of securities are recorded on a trade date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. The Plan presents, in the Statement of Changes in Net Assets Available for Benefits, the net appreciation or depreciation in the fair value of its investments, which consist of the realized gains or losses and the unrealized appreciation or depreciation on those investments.

Notes Receivable From Participants

Notes receivable from participants are measured at their unpaid principal balance plus any accrued but unpaid interest. Interest income is recorded on the accrual basis. Related fees are recorded as administrative expenses and are expensed when they are incurred. No allowance for credit losses has been recorded as of May 31, 2013 or 2012. If a participant ceases to make loan repayments and the plan administrator deems the participant loan to be in default, the participant loan balance is reduced and a benefit payment is recorded.

Benefits Payable

Benefits are recorded when paid. Accordingly, benefits payable to persons that have elected to withdraw from the Plan but not yet paid have not been accrued. At May 31, 2013 and 2012, there were $455,396 and $849,252, respectively, payable to participants.

Expenses

Expenses of administering the Plan and those which are directly related to investment transactions are paid out of the assets of the Plan.

 

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401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.

Notes to Financial Statements

May 31, 2013 and 2012

 

 

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of additions to and deductions from net assets available for benefits during the reporting period. Actual results could differ from those estimates.

Risks and Uncertainties

The Plan’s Management invests in various investment securities that are exposed to various risks, such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities, and thus the net asset value (NAV) of the funds, will occur in the near term and that such changes could materially affect participants’ account balances and the amount reported in the Statements of Net Assets Available for Benefits and the Statement of Changes in Net Assets Available for Benefits. Market values of investments may decline for a number of reasons, including changes in prevailing market and interest rates, increases in defaults and credit rating downgrades. The fair values assigned to the investments by the Plan are based upon available information believed to be reliable, which may be affected by conditions in the financial markets. The Plan may not be able to sell its investments when it desires to do so or to realize what it perceives to be its fair value in the event of a sale.

Subsequent Events

The Plan has evaluated subsequent events through November 22, 2013 and determined that no significant subsequent events have occurred requiring adjustments to the financial statements or disclosures.

 

3. Investments

The following presents investments that represent 5% or more of the Plan’s net assets at May 31, 2013:

 

Participant-directed

  

NIKE, Inc. Class B Common Stock

   $ 549,825,241   

Collective trust funds

  

Northern Trust Global Investments Collective Daily S&P 500 Equity Index Fund

     419,124,371   

Northern Trust Global Investments Collective Daily Aggregate Bond Index Fund

     174,974,234   

Northern Trust Global Investments Collective Daily Russell 2000 Equity Index Fund

     212,483,150   

Northern Trust Bank NA Collective Daily All Country World Exchange Fund

     208,237,646   

Morley Stable Value Fund

     146,716,861   

Nonparticipant-directed

  

Collective trust funds

  

Northern Trust Global Investments Collective Daily S&P 500 Equity Index Fund

     141,364,130   

 

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401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.

Notes to Financial Statements

May 31, 2013 and 2012

 

 

The following presents investments that represent 5% or more of the Plan’s net assets at May 31, 2012:

 

Participant-directed

  

NIKE, Inc. Class B Common Stock

   $ 522,643,543   

Collective trust funds

  

Northern Trust Global Investments Collective Daily S&P 500 Equity Index Fund

     317,080,621   

Northern Trust Global Investments Collective Daily Aggregate Bond Index Fund

     164,513,968   

Northern Trust Global Investments Collective Daily Russell 2000 Equity Index Fund

     151,527,888   

Northern Trust Bank NA Collective Daily All Country World Exchange Fund

     151,113,388   

Morley Stable Value Fund

     132,456,842   

Nonparticipant-directed

  

Collective trust funds

  

Northern Trust Global Investments Collective Daily S&P 500 Equity Index Fund

     121,638,169   

During the year ended May 31, 2013, all of the Plan’s investments (including gains and losses on investments bought and sold, as well as held during the year) appreciated in value as follows:

 

NIKE, Inc. Class B common stock

   $ 66,430,220   

Collective trust funds

     243,715,016   

Registered investment companies

     21,640,913   

Corporate bonds

     2,361,766   

Preferred and common stocks

     67,396   
  

 

 

 
   $ 334,215,311   
  

 

 

 

 

4. Fair Value Measurement

In determining fair value, the Plan uses a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below:

 

  Level 1 Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Plan has the ability to access.

 

  Level 2 Inputs to the valuation methodology include:

 

   

Quoted prices for similar assets or liabilities in active markets;

 

   

Quoted prices for identical or similar assets or liabilities in inactive markets;

 

   

Inputs, other than quoted prices, that are observable for the asset or liability;

 

   

Inputs that are derived principally from, or corroborated by, observable market data by correlation or other means.

If the asset or liability has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset or liability.

 

  Level 3 Inputs to the valuation methodology are unobservable and significant to the fair value measurement.

 

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401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.

Notes to Financial Statements

May 31, 2013 and 2012

 

 

The asset’s or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs.

The valuation methods described below may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in different fair value measurement at the reporting date. Following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used at May 31, 2013 and 2012.

Common and Foreign Stocks: Investments in preferred, common and foreign stocks listed on a national securities exchange and over-the-counter securities are valued at the last reported sale price on the valuation date or, if no sales are reported for that day, the last published sale price.

Fixed Income Securities: Corporate bonds and US Treasuries are valued based on market values quoted by dealers who are market makers in these securities, by independent pricing services, or by a methodology approved by Northern Trust. Valuation techniques incorporate available market information and proprietary valuation models, which consider characteristics such as benchmark yield curve, coupon rates, credit spreads, estimated default rates and other features.

Registered Investment Companies: Registered investment companies (or mutual funds) are valued at the daily closing price as reported by the fund. Mutual funds held by the Plan are open-end mutual funds that are registered with the Securities and Exchange Commission. These funds are required to publish their daily NAV and to transact at that price. The mutual funds held by the Plan are deemed to be actively traded.

Collective trust funds: Collective trust funds represent investments held in pooled funds. The investments are contributed from employee benefit plans maintained by more than one employer or a controlled group of corporations that is maintained by a bank, trust company, or similar institution that is regulated, supervised, and subject to periodic examination by a state or federal agency. The Plan’s interests in the collective trust funds are valued based on the NAV provided by Northern Trust. The accuracy of the NAV is verified using the audited financial statements of the collective trust funds. The NAV, as provided by the trustee, is used as a practical expedient to estimate fair value. The NAV is based on the fair value of the underlying investments held by the fund less its liabilities. This practical expedient is not used when it is determined to be probable that the fund will sell the investment for an amount different than the reported NAV. Participant transactions (purchased and sales) may occur daily. Were the Plan to initiate a full redemption of the collective trust, the investment adviser reserves the right to temporarily delay withdrawal from the trust in order to ensure that securities liquidations will be carried out in an orderly business manner.

Stable Value Fund (Level 3): The Plan invests in the Union Bond & Trust Company Morley Stable Value Fund (“Morley Stable Value Fund”), which holds fully benefit-responsive investment contracts. This fund can be redeemed daily by participants subject to limitations on

 

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401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.

Notes to Financial Statements

May 31, 2013 and 2012

 

 

noncompeting options. The Morley Stable Value Fund’s trustee reserves the right to delay plan sponsor-initiated redemptions for up to 365 days. There are no other restrictions on collective trust transactions. Investment contracts held by a defined contribution plan are required to be reported at fair value. However, contract value is the relevant measurement attribute for that portion of the net assets available for benefits of a defined contribution plan attributable to fully benefit-responsive investment contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan. The Plan invests in investment contracts through a collective trust fund and guaranteed insurance contract. The Statements of Net Assets Available for Benefits present the fair value of the investment in the collective trust funds as well as the adjustment of the investment in the collective trust funds from fair value to contract value relating to the investment contracts. The Statement of Changes in Net Assets Available for Benefits is prepared on a contract value basis.

Guaranteed Investment Contract: Guaranteed investment contracts are valued at fair value by the insurance company by discounting the related cash flows based on current yields of similar instruments with comparable durations considering the creditworthiness of the issuer. Certain unobservable inputs are assessed through review of contract terms (for example, duration or payout date) while others are substantiated utilizing available market data (for example, swap curve rate). The Plan sold its shares of guaranteed investment contracts during the current year, and no longer holds investments in Guaranteed Investment Contracts at May 31, 2013.

The following tables set forth by level, within the fair value hierarchy, the Plan’s assets at fair value as of May 31, 2013 and 2012:

 

     Assets at Fair Value at May 31, 2013  
     Level 1      Level 2      Level 3      Total  

Collective trust funds

           

Equity index funds

   $ —         $ 1,157,755,403       $ —         $ 1,157,755,403   

Other fixed income funds

        282,039,321            282,039,321   

Real estate funds

        33,259,670            33,259,670   

Stable value funds

           148,446,672         148,446,672   

Other short term investment funds

        7,430,814            7,430,814   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total collective trust funds

     —           1,480,485,208         148,446,672         1,628,931,881   
  

 

 

    

 

 

    

 

 

    

 

 

 

Common and foreign stocks

           

Consumer discretionary

     549,825,241               549,825,241   

Energy

     18,900               18,900   

Information technology

     2,073               2,073   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total common and foreign stocks

     549,846,214         —           —           549,846,214   
  

 

 

    

 

 

    

 

 

    

 

 

 

Registered investment companies

           

Commodity funds

     41,299,375               41,299,375   

Equity funds

     33,208,119               33,208,119   

Bond funds

     10,083,733               10,083,733   

Short term funds

     4,468,336               4,468,336   

Real estate funds

     751,167               751,167   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total registered investment companies

     89,810,730         —           —           89,810,730   

Corporate and foreign bonds

        39,917,598            39,917,598   

Interest bearing cash

     3,425,720               3,425,720   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total assets at fair value

   $ 643,082,664       $ 1,520,402,806       $ 148,446,672       $ 2,311,932,143   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

11


Table of Contents

401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.

Notes to Financial Statements

May 31, 2013 and 2012

 

 

 

     Assets at Fair Value at May 31, 2012  
     Level 1      Level 2      Level 3      Total  

Collective trust funds

           

Equity index funds

   $ —         $ 619,721,910       $ —         $ 619,721,910   

Common stock funds

     —           254,330,070         —           254,330,070   

Other fixed income funds

     —           262,957,562         —           262,957,562   

Real estate funds

     —           27,108,757         —           27,108,757   

Stable value funds

     —           —           132,456,842         132,456,842   

Other short term investment funds

     —           8,030,844         —           8,030,844   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total collective trust funds

     —           1,172,149,143         132,456,842         1,304,605,985   
  

 

 

    

 

 

    

 

 

    

 

 

 

Common and foreign stocks

           

Consumer discretionary

     522,643,543         —           —           522,643,543   

Energy

     18,901         —           —           18,901   

Information technology

     1,505         —           —           1,505   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total common and foreign stocks

     522,663,949         —           —           522,663,949   
  

 

 

    

 

 

    

 

 

    

 

 

 

Registered investment companies

           

Commodity funds

     30,332,944         —           —           30,332,944   

Equity funds

     26,333,271         —           —           26,333,271   

Bond funds

     8,036,275         —           —           8,036,275   

Short term funds

     4,790,161         —           —           4,790,161   

Real estate funds

     522,015         —           —           522,015   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total registered investment companies

     70,014,666         —           —           70,014,666   

Guaranteed investment contract

     —           —           3,414,452         3,414,452   

Corporate and foreign bonds

     —           37,435,516         —           37,435,516   

Interest bearing cash

     109         —           —           109   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total assets at fair value

   $ 592,678,724       $ 1,209,584,659       $ 135,871,294       $ 1,938,134,677   
  

 

 

    

 

 

    

 

 

    

 

 

 

Level 3 Gains and Losses

The following table sets forth a summary of changes in the fair value of the Plan’s Level 3 assets for the year ended May 31, 2013:

 

     Morley Stable
Value Fund
    Guaranteed
Investment
Contracts
 

Balances at beginning of year

   $ 132,456,842      $ 3,414,452   

Purchases

     56,606,689        147   

Sales

     (42,407,971     (3,440,282

Realized gains (losses)

     307,090        —     

Unrealized gains (losses)

     1,484,022        —     

Other

     —          25,683   
  

 

 

   

 

 

 

Balances at end of year

   $ 148,446,672      $ —     
  

 

 

   

 

 

 

Unrealized gains/(losses) from the guaranteed investment contract are not included in the statement of changes in net assets available for benefits as the contract is recorded at contract value for purposes of the net assets available for benefits.

 

12


Table of Contents

401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.

Notes to Financial Statements

May 31, 2013 and 2012

 

 

Quantitative Information about Significant Unobservable Inputs Used in Level 3 Fair Value Measurements

The following table represents the Plan’s level 3 financial instruments, the valuation techniques used to measure the fair value of those financial instruments, and the significant unobservable inputs and the ranges of values for those inputs.

 

Instrument    Fair Value      Principal
Valuation
Technique
   Unobservable Inputs    Range of
Significant
Input Values
  Weighted
Average

Morley Stable Value Fund

   $ 148,446,672       Discounted
Cash Flow
   -Benchmark yields

-Default rate
-Interpolated yield curve

-Broker Quotes

   -10% to 25%
0-100%

Varies

Varies

  N/A

Fair Value of Investments in Entities that Use NAV

The following table summarizes those investments measured at fair value using NAV as a practical expedient as of May 31, 2013 and 2012, respectively.

May 31, 2013

 

Fund    Fair Value      Unfunded
Commitments
   Redemption
Frequency
   Redemption
Notice Period

NT Collective Government Short Term Investment Fund

   $ 7,430,814       N/A    Daily    Same Day

NT Collective ACWI ex-US Fund (Non-Lending)

   $ 66,992,791       N/A    Daily    1 Day

NT Collective Daily Aggregate Bond Index Fund

   $ 244,519,485       N/A    Daily    Same Day

NT Collective Daily Russell 2000 Equity Index Fund

   $ 247,174,935       N/A    Daily    Same Day

NT Collective S&P 400 Index Fund

   $ 34,892,149       N/A    Daily    Same Day

NT Collective Daily S&P 500 Equity Index Fund

   $ 560,488,501       N/A    Daily    Same Day

NT Collective World Government Bond Index Fund

   $ 37,519,836       N/A    Daily    1 Day

NT Collective ACWI ex-US Fund (Lending)

   $ 208,237,646       N/A    Daily    1 Day

NT Collective Developed International Small Cap Index Fund

   $ 39,969,380       N/A    Daily    1 Day

NT Collective Global Real Estate Index Fund

   $ 33,259,670       N/A    Daily    1 Day

 

13


Table of Contents

401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.

Notes to Financial Statements

May 31, 2013 and 2012

 

 

May 31, 2012

 

Fund    Fair Value      Unfunded
Commitments
   Redemption
Frequency
   Redemption
Notice Period

NT Collective Government Short Term Investment Fund

   $ 8,030,857       N/A    Daily    Same Day

NT Collective ACWI ex-US Fund (Non-Lending)

   $ 49,173,311       N/A    Daily    1 Day

NT Collective Daily Aggregate Bond Index Fund

   $ 229,327,332       N/A    Daily    Same Day

NT Collective Daily Russell 2000 Equity Index Fund

   $ 178,374,494       N/A    Daily    Same Day

NT Collective S&P 400 Index Fund

   $ 28,006,624       N/A    Daily    Same Day

NT Collective Daily S&P 500 Equity Index Fund

   $ 438,718,790       N/A    Daily    Same Day

NT Collective World Government Bond Index Fund

   $ 33,630,230       N/A    Daily    1 Day

NT Collective ACWI ex-US Fund (Lending)

   $ 151,113,388       N/A    Daily    1 Day

NT Collective Global Real Estate Index Fund

   $ 27,108,757       N/A    Daily    1 Day

 

5. Party-in-Interest Transactions

The Plan’s investments represent funds invested in, or maintained by, Northern Trust and Charles Schwab. Northern Trust is the Trustee of the Plan assets and Charles Schwab is the Custodian of selected assets and, therefore, these investments represent exempt party-in-interest transactions.

Certain Plan investments are shares of Company common stock. For the year ended May 31, 2013 and 2012, the Plan purchased 141,834 and 144,054 shares of NIKE, Inc. Class B common stock, respectively, at a cost of $9,457,249 and $6,767,684, respectively. For the same years ended, the Plan sold 505,096 and 796,896 shares of NIKE, Inc. Class B common stock, respectively, at a cost of $37,495,438 and $33,712,596, respectively. At May 31, 2013 and 2012, the Plan held $549,825,241 (8,917,049 shares) and $522,643,543 (9,662,480 shares), respectively, of NIKE, Inc. Class B common stock.

 

6. Plan Tax Status

The Internal Revenue Service (“IRS”) has determined and informed the Company by letter dated January 16, 2008 that the Plan is designed in accordance with applicable sections of the IRC. Although the Plan has been amended since receiving the determination letter, the Plan administrator and the Plan’s tax counsel believe that the Plan is designed and is currently being operated in compliance with the applicable requirements of the IRC. The Plan has submitted the necessary filing to the IRS and is waiting for a response.

Accounting principles generally accepted in the United States of America require Plan management to evaluate tax positions taken by the Plan and recognize a tax liability if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Plan administrator has analyzed the tax positions taken by the Plan, and has concluded that as of May 31, 2013 and 2012, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions within the United States of America; however, there are currently no audits for any tax periods in progress. The Plan administrator believes the Plan is no longer subject to income tax examinations for years prior to 2010.

 

14


Table of Contents

401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.

Notes to Financial Statements

May 31, 2013 and 2012

 

 

7. Nonparticipant-directed Investments

Information about the net assets at May 31 and the significant components of the changes in net assets for the year ended May 31 relating to the nonparticipant-directed investments is as follows:

 

     2013     2012  

Net assets

    

Collective trust funds

   $ 464,281,446      $ 387,485,719   

Employer receivable

     46,735,971        40,890,757   

Registered investment companies

     41,130,734        30,196,587   

Corporate and foreign bonds

     39,713,678        37,435,516   

Accrued interest and dividends

     717,747        768,025   

Cash

     —          —     

Interest bearing cash

     3,415,879        —     

Common and foreign stocks

     20,973        20,406   

Preferred stocks

     203,920        —     

Due from broker for securities sold

     2,666,862        101,557   

Due to broker for securities purchased

     (3,018,375     (298,035

Accrued expenses

     (69,203     (59,681
  

 

 

   

 

 

 

Total net assets

   $ 595,799,632      $ 496,540,851   
  

 

 

   

 

 

 

 

     Year Ended  
     May 31, 2013  

Changes in net assets

  

Net appreciation in fair value of investments

   $ 83,093,519   

Employer contributions

     48,227,207   

Interest and dividends

     3,237,248   

Purchases and sales, net

     (1,902,569

Administrative and investment expenses

     (671,410

Benefits paid to participants

     (32,725,214
  

 

 

 
   $ 99,258,781   
  

 

 

 

 

15


Table of Contents

401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.

Notes to Financial Statements

May 31, 2013 and 2012

 

 

8. Reconciliation of Financial Statements to Form 5500

The following is a reconciliation of net assets available for benefits per the financial statements to the Form 5500 at May 31, 2013 and 2012:

 

     2013     2012  

Net assets available for benefits per the financial statements

   $ 2,391,735,936      $ 2,011,901,615   

Benefits payable

     (455,396     (849,252

Loans deemed to be distributions for financial reporting purposes

     (559,901     (593,778

Adjustment from fair value to contract value for interest in collective trust relating to fully benefit-responsive investment contracts

     1,540,512        245,789   
  

 

 

   

 

 

 

Net assets available for benefits per Form 5500

   $ 2,392,261,151      $ 2,010,704,374   
  

 

 

   

 

 

 

The following is a reconciliation of the net increase in net assets available for benefits per the financial statements to the Form 5500 at May 31, 2013:

 

Net increase in net assets per the financial statements

   $ 379,834,321   

Benefits payable at May 31, 2013

     (455,396

Benefits payable at May 31, 2012

     849,252   

Loans deemed to be distributions for financial reporting purposes at May 31, 2013

     (559,901

Loans deemed to be distributions for financial reporting purposes at May 31, 2012

     593,778   

Adjustment from fair value to contract value for interest in collective trust at May 31, 2013

     1,540,512   

Adjustment from fair value to contract value for interest in collective trust at May 31, 2012

     (245,789
  

 

 

 

Net increase in net assets per Form 5500

   $ 381,556,777   
  

 

 

 

 

16


Table of Contents

Supplemental Schedules


Table of Contents

401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

May 31, 2013

 

 

(a)    (b)    (c)    (c)    (c)    (c)    (d)    (e)  
               Rate    Date of                 
     Identity of Issue, Borrower,         of    Maturity    Par         Current  
     Lessor or Similar Party    Description of Investment    Interest    Year    Month    Value    Cost (1)    Value  
  

Participant directed

                    
  

1st Eagle Funds Inc

   Registered investment company                   $ 6,292   
  

1st Eagle Funds Overseas Fund

   Registered investment company                     177,908   
  

1st Eagle Sogen Funds Global Fund

   Registered investment company                     460,823   
  

1st Eagle Sogen Funds Gold Fund

   Registered investment company                     31,608   
  

3rd Avenue Tr Intl Value Fund

   Registered investment company                     24,685   
  

3rd Avenue Tr Real Estate Value Fund

   Registered investment company                     62,875   
  

Aberdeen Intl Equity Fund

   Registered investment company                     14,102   
  

Aberdeen Global Nat Res Fund

   Registered investment company                     6,396   
  

Advantage Funds Dreyfus Global Absolute

   Registered investment company                     9,627   
  

Advisors Inner Circle Fund Acadian Emerging Mkts Inst Fund

   Registered investment company                     7,166   
  

Advisors Inner Circle Fund Cambiar Aggressive Value

   Registered investment company                     33,533   
  

Advisors Inner Circle Fund Cambiar Opportunity

   Registered investment company                     47,672   
  

Advisors Inner Circle Fund II Inc New Champlain Small Co Fund

   Registered investment company                     16,461   
  

Aim Invesco Balanced-risk Allocation Fund CL A

   Registered investment company                     9,228   
  

Aim Invesco International Fund Asia

   Registered investment company                     18,126   
  

Aim Sector Funds Invesco Gold & Precious Metals

   Registered investment company                     18,105   
  

Aim Sector Funds Invesco Van Kampen CL Y

   Registered investment company                     8,186   
  

Aim Sector Funds Invesco Small Cap Value CL A

   Registered investment company                     12,444   
  

Alger Funds II Spectra CL I

   Registered investment company                     57,781   
  

Alliance Bernstein Growth & Inc Fund

   Registered investment company                     17,648   
  

Alliance Bernstein Global Bond

   Registered investment company                     99,298   
  

Alliance Berstein HI Inc Fund CL A

   Registered investment company                     46,494   
  

Alliance Bernstein Quasar Fund CL A

   Registered investment company                     1,211   
  

Alliance Bernstein Small/Mid Cap Growth

   Registered investment company                     1,148   
  

Allianz Funds RCM Global Small Cap CL D

   Registered investment company                     1,234   
  

Allianz Funds NFJ Intl Value Fund CL D

   Registered investment company                     20,827   
  

Allianz Funds NFJ Dividend Value

   Registered investment company                     34,901   
  

Allianz Funds RCM Wellness Fund

   Registered investment company                     34,463   
  

Amana Mutual Fund Tr Growth Fund

   Registered investment company                     226,669   
  

Amana Mutual Fund Tr Income Fund

   Registered investment company                     60,337   
  

American AMCAP Fund

   Registered investment company                     23,423   
  

American Beacon Funds Large Cap Value Fund

   Registered investment company                     71,999   
  

American Beacon Funds Small Cap Value Fund

   Registered investment company                     39,571   
  

American Cap World Growth & Inc Fund

   Registered investment company                     4,320   
  

American Century 20th Century Growth Fund

   Registered investment company                     271,328   
  

American Century Cap Portfolio Inc Equity Income Fund

   Registered investment company                     459,374   
  

American Century Cap Portfolio Inc Mid Cap Value Fund

   Registered investment company                     113,321   
  

American Century Cap Portfolio Inc Real Estate Fund

   Registered investment company                     21,228   
  

American Century Cap Portfolio Inc Value Fund

   Registered investment company                     20,736   
  

American Century Ginnie Mae Investor Class

   Registered investment company                     4,332   

 

18


Table of Contents

401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

May 31, 2013

 

 

(a)    (b)    (c)    (c)    (c)    (c)    (d)    (e)  
               Rate    Date of                 
     Identity of Issue, Borrower,         of    Maturity    Par         Current  
     Lessor or Similar Party    Description of Investment    Interest    Year    Month    Value    Cost (1)    Value  
  

American Century Govt Inc Tr Benham

   Registered investment company                     101,606   
  

American Century Govt Inc Tr Inflation-adjusted Bd Fund

   Registered investment company                     72,182   
  

American Century Intl Bond Fund

   Registered investment company                     10,555   
  

American Century Mut Fund Inc Heritage Fund

   Registered investment company                     79,333   
  

American Century Mutual Funds Inc Cap Value

   Registered investment company                     73,079   
  

American Century Quantitative Equity Growth Fund

   Registered investment company                     169,454   
  

American Century Quantitative Equity Utils Fund

   Registered investment company                     56,920   
  

American Century Ultra

   Registered investment company                     12,334   
  

American Century World Mutual Fund Inc 20th Centy Intl Discovery Fund

   Registered investment company                     23,927   
  

American Century World Mutual Fund Inc 20th Centy Intl Growth Fund

   Registered investment company                     100,962   
  

Appleseed Fund

   Registered investment company                     23,114   
  

Arbitrage Fund Cl R

   Registered investment company                     13,558   
  

Ariel Growth Appreciation Fund

   Registered investment company                     17,832   
  

Arrow Invts Tr Commodity Stategy

   Registered investment company                     16,452   
  

Artio Global Invt Funds Aberbeen Select Intl Equity CL A

   Registered investment company                     13,589   
  

Artio Global Invt Funds Aberbeen Select Intl Equity II CL A

   Registered investment company                     7,564   
  

Artisan Funds Global Value

   Registered investment company                     28,428   
  

Artisan Funds Inc International Value Fund

   Registered investment company                     42,230   
  

Artisan Funds Inc International Fund

   Registered investment company                     327,044   
  

Artisan Funds Inc International Small Cap Fund

   Registered investment company                     14,518   
  

Artisan Partners Funds Global Equity

   Registered investment company                     16,045   
  

Artisan Funds Mid Cap Fund

   Registered investment company                     235,760   
  

Artisan Funds Mid Cap Value Fund

   Registered investment company                     32,131   
  

AQR Funds Small Cap Momentum

   Registered investment company                     10,855   
  

Aquila Three Peaks High Income Fund

   Registered investment company                     24,619   
  

Aston Funds Small Cap Growth

   Registered investment company                     24,914   
  

Aston Funds for future issues—Fairpointe Mid Cap Fund

   Registered investment company                     31,078   
  

Aston Funds for future issues—Montag Caldwell Growth Fund

   Registered investment company                     14,310   
  

Baird Funds Core Plus Bond Fund

   Registered investment company                     62,211   
  

Baron Ast Fund Growth Fund

   Registered investment company                     400,189   
  

Baron Ast Fund Small Cap Fund

   Registered investment company                     175,191   
  

Baron Invt Funds Tr Opportunity Fund

   Registered investment company                     2,925   
  

Baron Partners Fund

   Registered investment company                     88,155   
  

Baron Select Fund Real Estate Fund

   Registered investment company                     6,560   
  

Berkshire Funds Focus Fund

   Registered investment company                     1,829   
  

Blackrock Equity Dividend Fund CL-A

   Registered investment company                     120,497   
  

Blackrock Equity Dividend Fund Svc Cl

   Registered investment company                     34,834   
  

Blackrock Funds Intl Opportunities Portfolio

   Registered investment company                     61,309   
  

Blackrock Funds Intl Bond Portfolio

   Registered investment company                     10,687   
  

Blackrock GNMA Portfolio

   Registered investment company                     3,480   
  

Blackrock Hlth Sc- Inv A

   Registered investment company                     9,140   
  

Blackrock Global Allocation Fund

   Registered investment company                     14,511   
  

Blackrock Global Emerging Markets-A

   Registered investment company                     31,118   
  

Blackrock Nat Res Tr CL A

   Registered investment company                     4,517   
  

Blair William Mutual Funds Small Cap Growth Fund

   Registered investment company                     59,882   
  

Blair William Mutual Funds Small Mid-Cap Growth Fund

   Registered investment company                     18,354   

 

19


Table of Contents

401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

May 31, 2013

 

 

(a)    (b)    (c)    (c)    (c)    (c)    (d)    (e)  
               Rate    Date of                 
     Identity of Issue, Borrower,         of    Maturity    Par         Current  
     Lessor or Similar Party    Description of Investment    Interest    Year    Month    Value    Cost (1)    Value  
  

BMO Small Cap Growth

   Registered investment company                     10,551   
  

Bny Mellon Funds Tr Small Cap Stk Fund

   Registered investment company                     1,455   
  

Bridgeway Aggressive Investors Fund

   Registered investment company                     11,472   
  

Brown Advisory Growth Equity Fund

   Registered investment company                     39,929   
  

Brown Cap Mgmt Small Co Fund

   Registered investment company                     26,789   
  

Buffalo Hi Yield Fund

   Registered investment company                     13,104   
  

Buffalo Funds Discovery

   Registered investment company                     29,309   
  

Buffalo Emerging Opportunities Fund

   Registered investment company                     748   
  

Buffalo Small Cap Fund

   Registered investment company                     48,177   
  

Calamos Invt Tr New Global Equity Fund CL A

   Registered investment company                     2,633   
  

Calamos Invt Tr New Growth Fund

   Registered investment company                     68,643   
  

Calamos Invt Tr New Intl Growth Fund

   Registered investment company                     2,691   
  

Calvert Ultra Short Income Fund CL Y

   Registered investment company                     25,472   
  

CGM Focus Fund

   Registered investment company                     168,454   
  

CGM Tr Realty Fund

   Registered investment company                     115,292   
  

Cohen & Steers Intl Rlty Shs Fund

   Registered investment company                     14,080   
  

Cohen & Steers Rlty Focus Fund Cl A

   Registered investment company                     15,992   
  

Cohen & Steers Rlty Shs Inc Com Fund

   Registered investment company                     352,516   
  

Columbia Acorn Tr Fund

   Registered investment company                     12,484   
  

Columbia Funds Global Dividend Opp

   Registered investment company                     25,914   
  

Columbia Funds Ser Tr Emerging Markets

   Registered investment company                     22,827   
  

Columbia Funds Ser Tr Energy & Nat Res

   Registered investment company                     61,605   
  

Columbia Funds Ser Tr Value & Restructuring CL A

   Registered investment company                     83,947   
  

Columbia Funds Ser Tr Value & Restructuring CL Z

   Registered investment company                     187,056   
  

Columbia Funds Ser Tr Marsico 21st Century Fund

   Registered investment company                     65,646   
  

Columbia Funds Ser Tr Mid Cap Value

   Registered investment company                     7,944   
  

Conestoga Funds Small Cap Fund

   Registered investment company                     40,021   
  

CRM Small/Mid Cap Value Fund

   Registered investment company                     15,423   
  

Croft Value Fund Cl R

   Registered investment company                     56,191   
  

Davis NY Venture Fund

   Registered investment company                     1,884   
  

Delaware Pooled Tr Diversified Income Fund

   Registered investment company                     11,183   
  

DFA Invt Dimensions Group US Micro Cap Fund

   Registered investment company                     13,800   
  

Diamond Hill Large Cap

   Registered investment company                     9,969   
  

Diamond Hill Small Cap Fund

   Registered investment company                     15,608   
  

Direxion Funds Latin America Bull

   Registered investment company                     2,271   
  

Direxion Funds Commodity Bull 2x

   Registered investment company                     1,083   
  

Direxion Funds 10 Year Note Bear 2.5x Fund

   Registered investment company                     29,688   
  

Direxion Funds 10 Year Note Bull 2.5x Fund

   Registered investment company                     1,079   
  

Dodge & Cox Balanced Fund

   Registered investment company                     251,275   
  

Dodge & Cox Inc Fund

   Registered investment company                     182,274   
  

Dodge & Cox International Stock Fund

   Registered investment company                     197,365   
  

Dodge & Cox Stock Fund

   Registered investment company                     122,518   
  

Domini Social Index Fund

   Registered investment company                     6,576   
  

Doubleline Total Return Bond—N

   Registered investment company                     121,182   
  

Doubleline Total Return Bond—I

   Registered investment company                     12,077   

 

20


Table of Contents

401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

May 31, 2013

 

 

(a)    (b)    (c)    (c)    (c)    (c)    (d)    (e)  
               Rate    Date of                 
     Identity of Issue, Borrower,         of    Maturity    Par         Current  
     Lessor or Similar Party    Description of Investment    Interest    Year    Month    Value    Cost (1)    Value  
  

Dreyfus Appreciation Fund

   Registered investment company                     74,445   
  

Dreyfus Emerging Markets Fund CL A

   Registered investment company                     7,830   
  

Dreyfus Fund Inc

   Registered investment company                     15,482   
  

Dreyfus Index Funds Small Cap Stock Fund

   Registered investment company                     45,448   
  

Dreyfus Invt Grade Funds

   Registered investment company                     5,089   
  

Dreyfus Midcap Index Fund

   Registered investment company                     20,306   
  

Dreyfus Midcap Growth Fund

   Registered investment company                     17,600   
  

Dreyfus Opportunistic Mid Cap Value

   Registered investment company                     31,395   
  

Driehaus Mutual Fund Emerging Mkts Cl A

   Registered investment company                     99,841   
  

Dundee Wealth Funds Dynamic CDN Equity Fund

   Registered investment company                     10,725   
  

DWS Equity Tr Alternative Asset Allocation Plus Fund

   Registered investment company                     41,501   
  

DWS Mut Funds Gold & Precious Metals

   Registered investment company                     56,065   
  

Eagle Ser

   Registered investment company                     22,657   
  

Eaton Vance Inc Fund Bstn Inc

   Registered investment company                     153,641   
  

Eaton Vance Mutual Funds Tr Fltg rate Fund

   Registered investment company                     42,204   
  

Eaton Vance Mutual Funds Tr Strategic Inc Fund

   Registered investment company                     72,727   
  

Eaton Vance Parametric Structured Emerging Markets

   Registered investment company                     62,493   
  

Eaton Vance Parametric Tax-managed Emerging Markets

   Registered investment company                     48,518   
  

Eaton Vance Spl Invt Tr Greater India Fund

   Registered investment company                     42   
  

Equity Inc A

   Registered investment company                     55,562   
  

Europac Growth Fund CL F-1

   Registered investment company                     19,288   
  

Europac Growth Fund CL R-4

   Registered investment company                     111,806   
  

Europac Growth Fund CL R-5

   Registered investment company                     26,044   
  

Fairholme Income Fund

   Registered investment company                     474,476   
  

Federated Emerging Market Debt Fund

   Registered investment company                     34,547   
  

Federated Income Secs Tr Short-term Income Fund

   Registered investment company                     11,887   
  

Federated Prudent Bear Fund

   Registered investment company                     11,010   
  

Federated Total Return Sers Inc Bond Fund

   Registered investment company                     248,147   
  

Fedt Equity Inc Fund CL A

   Registered investment company                     10,492   
  

Fidelity Advisor Ser II Fltg Rate High Inc Fund

   Registered investment company                     281,592   
  

Fidelity Advisor Ser VIII Emerging Asia Fund

   Registered investment company                     31,642   
  

Fidelity Cap & Income Fund

   Registered investment company                     30,322   
  

Fidelity China Region Fund

   Registered investment company                     27,882   
  

Fidelity Concord Str Tr Spartan Intl Index Fund

   Registered investment company                     30,712   
  

Fidelity Concord Str Tr Spartan Short term Treas Bd Index

   Registered investment company                     112,472   
  

Fidelity Finl Tr Conv Sec Fund

   Registered investment company                     3,659   

 

21


Table of Contents

401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

May 31, 2013

 

 

(a)    (b)    (c)    (c)    (c)    (c)    (d)    (e)  
               Rate    Date of                 
     Identity of Issue, Borrower,         of    Maturity    Par         Current  
     Lessor or Similar Party    Description of Investment    Interest    Year    Month    Value    Cost (1)    Value  
  

Fidelity Invt Tr Canada Fund

   Registered investment company                     29,025   
  

Fidelity Contra Fund

   Registered investment company                     267,547   
  

Fidelity Equity Income Real Estate Invt Portfolio

   Registered investment company                     32,328   
  

Fidelity DVD Growth Fund

   Registered investment company                     5,554   
  

Fidelity Guinness Atkinson Fund China & Hong Kong

   Registered investment company                     36,381   
  

Fidelity Hastings Str Tr Growth Fund

   Registered investment company                     7,284   
  

Fidelity Invt Tr Emerging Markets Fund

   Registered investment company                     5,522   
  

Fidelity Invt Tr New Markets Income Fund

   Registered investment company                     131,715   
  

Fidelity Invt Tr Worldwide Fund

   Registered investment company                     23,948   
  

Fidelity Low priced stock Fund

   Registered investment company                     46,256   
  

Fidelity New Latin America Fund

   Registered investment company                     14,737   
  

Fidelity New Millennium Fund

   Registered investment company                     10,633   
  

Fidelity Salem Street Trust Spartan High Income

   Registered investment company                     48,320   
  

Fidelity Secs Fund Intl Real Estate

   Registered investment company                     21,831   
  

Fidelity Select Portfolios Advisor Materials CL A

   Registered investment company                     14,746   
  

Fidelity Secs Fund Small Cap Value Fund

   Registered investment company                     13,353   
  

Fidelity Small Cap Stock Fund

   Registered investment company                     28,502   
  

Fidelity Value Fund

   Registered investment company                     142,214   
  

First Focus Tributary Balanced Fund

   Registered investment company                     2,187   
  

Firsthand Funds Technology Opportunities Fund

   Registered investment company                     5,898   
  

Firsthand Funds Technology Value Fund

   Registered investment company                     19,613   
  

Fleming Cap Mut Fund Group JP Morgan MidCap Value Fund

   Registered investment company                     11,941   
  

FMI Common Stk Fund

   Registered investment company                     15,845   
  

FMI Funds Inc

   Registered investment company                     314,070   
  

FMI Funds Inc Focus Fund

   Registered investment company                     7,312   
  

Forum Funds Auxier Focus Fund

   Registered investment company                     47,852   
  

Forum Funds Merk Hard Currency

   Registered investment company                     88,306   
  

Forward Funds Intl Real Estate CL A

   Registered investment company                     29,169   
  

Franklin Value Invs Tr Small Cap Value Fund

   Registered investment company                     177,988   
  

Franklin Growth Fund

   Registered investment company                     5,218   
  

Gabelli Ast Fund Sh Ben Int Fund

   Registered investment company                     38,141   
  

Gabelli Equity Inc Fund

   Registered investment company                     159,253   
  

Gabelli Gold Fund

   Registered investment company                     7,182   
  

Gabelli Small Cap Growth Fund

   Registered investment company                     90,531   
  

Gamco Global Ser Funds

   Registered investment company                     7,901   
  

Gateway Tr Fund CL A

   Registered investment company                     13,852   
  

Goldman Sachs Tr Mid Cap Value Fund CL A

   Registered investment company                     43,996   
  

Goldman Sachs Tr Mid Cap Equity Fund Class A

   Registered investment company                     15,243   
  

Goldman Sachs Tr Mid Cap Equity Fund Instl Shs

   Registered investment company                     14,683   
  

Greenspring Fund

   Registered investment company                     13,279   
  

Growth Fund America Inc CL F-1

   Registered investment company                     120,914   

 

22


Table of Contents

401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

May 31, 2013

 

 

(a)    (b)    (c)    (c)    (c)    (c)    (d)    (e)  
               Rate    Date of                 
     Identity of Issue, Borrower,         of    Maturity    Par         Current  
     Lessor or Similar Party    Description of Investment    Interest    Year    Month    Value    Cost (1)    Value  
  

Growth Fund America Inc CL R-4

   Registered investment company                     119,265   
  

Growth Fund America Inc CL R-5

   Registered investment company                     125,693   
  

Guinness Atkinson Funds Alternative Energy

   Registered investment company                     11,273   
  

Guinness Atkinson Funds Global Energy

   Registered investment company                     6,008   
  

Hanna Invt Tr Paladin Long Short Fund

   Registered investment company                     19,800   
  

Harbor Fund Intl Fund

   Registered investment company                     151,663   
  

Harbor Fund Bd Fund

   Registered investment company                     50,253   
  

Harbor Commodity Real Return Strategy Fund

   Registered investment company                     16,750   
  

Harbor Fund Cap Appreciation Fund

   Registered investment company                     51,085   
  

Harding Loevner Fds Inc Emerging Markets Portfolio Advisor Cl

   Registered investment company                     34,798   
  

Harding Loevner Inter S/C-IV

   Registered investment company                     3,821   
  

Harris Assoc Invt Tr Oakmark Intl Small Cap Fund

   Registered investment company                     6,969   
  

Harris Assoc Invt Tr Oakmark Intl Fund

   Registered investment company                     469,996   
  

Hartford Mut Funds Growth Opportunities

   Registered investment company                     57,614   
  

Hartford Mutual Fund Inc for future issues Mid Cap

   Registered investment company                     39,681   
  

Heartland Group Inc Select Value Fund

   Registered investment company                     33,079   
  

Heartland Group Inc Value Plus Fund

   Registered investment company                     47,745   
  

Hennessy Mutual Funds Inc Focus Fund

   Registered investment company                     41,045   
  

Hennessy Mutual Funds Inc Focus Fund 30

   Registered investment company                     58,556   
  

Hennessy Funds Tr Gas Utility Index Fund

   Registered investment company                     35,682   
  

Hennessy Funds Tr Small Cap Finl Fund

   Registered investment company                     6,625   
  

Hennessy Select Sparx Japan Small Cos

   Registered investment company                     1,031   
  

Homestead Funds Inc Small co Stk Fund

   Registered investment company                     10,182   
  

Hussman Strategic Growth Fund

   Registered investment company                     99,772   
  

Hussman Strategic Total Return Fund

   Registered investment company                     19,752   
  

Icon Funds Intl Equity Fund

   Registered investment company                     4,299   
  

Icon Funds Energy Fund

   Registered investment company                     127,128   
  

Icon Funds Information Tech Fund

   Registered investment company                     22,332   
  

Icon Funds Materials Fund

   Registered investment company                     1,371   
  

Ing Corp Leaders Tr CTF Ser B

   Registered investment company                     37,694   
  

Ing Mutual Funds for future issues: Global Nat Resources

   Registered investment company                     3,463   
  

Ing Mutual Funds Global Bond Fund

   Registered investment company                     3,628   
  

Ing Mutual Funds Global Real Estate Fund

   Registered investment company                     2,506   
  

International Fund

   Registered investment company                     575,634   
  

Intrepid Cap Mgmt Funds Small Cap

   Registered investment company                     8,690   
  

Invesco Charter Fund

   Registered investment company                     48,376   
  

Invesco Leisure Fund

   Registered investment company                     9,988   
  

Invesco Technology Fund

   Registered investment company                     2,694   
  

Invesco Van Kampen Small Cap Growth Fund

   Registered investment company                     4,256   
  

Ivy Fund Global Nat Res Fund

   Registered investment company                     11,824   
  

Ivy Funds Inc Asset Strategy Fund CL A

   Registered investment company                     304,523   
  

Ivy Funds Inc Asset Strategy Fund CL Y

   Registered investment company                     160,158   
  

Ivy Funds Inc LTD-Term Bond Fund CL Y

   Registered investment company                     3,487   
  

Ivy Funds Inc Science & Tech Fund CL Y

   Registered investment company                     27,474   
  

Ivy Funds Inc Small Cap Growth CL Y

   Registered investment company                     11,727   
  

James Advantage Funds Balanced Golden Rainbow Fund

   Registered investment company                     4,260   

 

23


Table of Contents

401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

May 31, 2013

 

 

(a)    (b)    (c)    (c)    (c)    (c)    (d)    (e)  
               Rate    Date of                 
     Identity of Issue, Borrower,         of    Maturity    Par         Current  
     Lessor or Similar Party    Description of Investment    Interest    Year    Month    Value    Cost (1)    Value  
  

James Advantage Funds Small Cap CL A

   Registered investment company                     19,091   
  

Janus Balanced Fund-T

   Registered investment company                     162,189   
  

Janus Contrarian Fund

   Registered investment company                     53,190   
  

Janus Enterprise T

   Registered investment company                     109,816   
  

Janus Flexible Bond F-T

   Registered investment company                     22,795   
  

Janus Global Life Sciences

   Registered investment company                     1,357   
  

Janus Global Select Fund T

   Registered investment company                     76,338   
  

Janus Global Technology-T

   Registered investment company                     31,991   
  

Janus Growth & Income Fund

   Registered investment company                     82,940   
  

Janus High Yield Fund-T

   Registered investment company                     53,221   
  

Janus Invt Fund Global Real Estate Fund CL T

   Registered investment company                     35,871   
  

Janus Invt Fund Intech US Core

   Registered investment company                     46,342   
  

Janus Invt Fund Overseas Fund

   Registered investment company                     105,160   
  

Janus Invt Fund Worldwide Fund

   Registered investment company                     11,598   
  

Janus Research Fund

   Registered investment company                     232,081   
  

Janus Triton Fund

   Registered investment company                     144,249   
  

Janus Venture Fund

   Registered investment company                     12,318   
  

Jensen Portfolio Inc Fund CL J

   Registered investment company                     535,981   
  

John Hancock Disciplined Value Mid Cap Fund

   Registered investment company                     3,458   
  

John Hancock Disciplined Value Fund CL A

   Registered investment company                     174,045   
  

John Hancock funds II US Equity

   Registered investment company                     12,622   
  

John Hancock Funds II Intl Growth Equity CL A

   Registered investment company                     17,217   
  

John Hancock Strategic Ser Inc Fund

   Registered investment company                     15,918   
  

JP Morgan Tr US Equity Fund

   Registered investment company                     92,275   
  

JP Morgan Tr Equity Income Fund

   Registered investment company                     36,696   
  

JP Morgan Tr Large Cap Growth

   Registered investment company                     27,680   
  

JP Morgan Tr II Small Cap Value Fund

   Registered investment company                     3,451   
  

Kalmar Pooled Invt Tr Small Cap

   Registered investment company                     50,811   
  

Keeley Small Cap Value Fund

   Registered investment company                     114,912   
  

Kinetics New Paradigm Fund

   Registered investment company                     11,222   
  

Large Cap Value

   Registered investment company                     85,773   
  

Laudus Tr Growth Large Cap Growth Fund

   Registered investment company                     122,787   
  

Laudus Tr Mondrian Intl Fixed Income

   Registered investment company                     8,202   
  

Lazard Funds Inc Emerging Markets Fund

   Registered investment company                     148,694   
  

Lazard Funds Inc Intl Small Cap Fund

   Registered investment company                     2,637   
  

Lazard Funds Inc Realty Equity Portfolio Open

   Registered investment company                     37,310   
  

Legg Mason Partners Equity Tr Clearbridge Small Cap Growth

   Registered investment company                     3,464   
  

Loomis Sayles Bond Fund

   Registered investment company                     353,391   
  

Loomis Sayles Funds II CL A

   Registered investment company                     10,818   
  

Loomis Sayles Funds II CL Y

   Registered investment company                     61,542   
  

Loomis Sayles Invt Tr Small Cap Value Fund

   Registered investment company                     39,284   
  

Loomis Sayles Invt Tr Global Bond Fund

   Registered investment company                     7,988   
  

Mainstay Funds Global High Income Fund CL A

   Registered investment company                     2,563   
  

Mainstay ICAP International

   Registered investment company                     32,684   
  

Mainstay ICAP Select Equity

   Registered investment company                     13,217   
  

Mairs and Power Growth Fund

   Registered investment company                     45,125   
  

Managers AMG Yacktman Focused Fund

   Registered investment company                     277,208   
  

Managers AMG Yacktman Fund Svc

   Registered investment company                     419,646   

 

24


Table of Contents

401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

May 31, 2013

 

 

(a)    (b)    (c)    (c)    (c)    (c)    (d)    (e)  
               Rate    Date of                 
     Identity of Issue, Borrower,         of    Maturity    Par         Current  
     Lessor or Similar Party    Description of Investment    Interest    Year    Month    Value    Cost (1)    Value  
  

Managers Funds Pimco Bond Fund

   Registered investment company                     16,550   
  

Managers Funds Real Estate Secs Fund

   Registered investment company                     30,996   
  

Manning & Napier Fund Inc New Equity Ser Fund

   Registered investment company                     9,643   
  

Manning & Napier Fund Inc New Intl Ser CL S

   Registered investment company                     11,520   
  

Manning & Napier Fund New World Opportunities

   Registered investment company                     197,253   
  

Marisco Invt Fund Flexible Cap Fund

   Registered investment company                     31,932   
  

Marisco Invt Fund Focus Fund

   Registered investment company                     161,838   
  

Marsico Invt Growth Fund

   Registered investment company                     13,344   
  

Marsico Invt Fund 21st Century Fund

   Registered investment company                     116,497   
  

Matthew 25 Fund

   Registered investment company                     14,280   
  

Matthews Asian Funds Asia Small Cos

   Registered investment company                     3,179   
  

Matthews Asian Funds Asia Dividend

   Registered investment company                     46,580   
  

Matthews Intl Funds Asian Sci & Technology

   Registered investment company                     6,457   
  

Matthews Intl Funds Asia Growth & Income

   Registered investment company                     335,917   
  

Matthews International Funds China Fund

   Registered investment company                     136,306   
  

Matthews International Funds Pac Tiger Fund

   Registered investment company                     134,157   
  

Matthews International Funds India Fund

   Registered investment company                     15,935   
  

Matthews International Funds Japan

   Registered investment company                     7,119   
  

Merger Sh Ben Int

   Registered investment company                     2,873   
  

Meridian Fund Inc Com Open End Fund

   Registered investment company                     266,761   
  

Meridian Fund Inc Value Fund

   Registered investment company                     42,197   
  

Metropolitan West Funds Total Return Bond Fund

   Registered investment company                     210,060   
  

MFS Emerging Markets Debt Fund CL 1

   Registered investment company                     17,059   
  

MFS New Discovery

   Registered investment company                     9,315   
  

MFS New Discovery Fund

   Registered investment company                     14,708   
  

MFS Ser Tr Emerging Markets Debt Fund

   Registered investment company                     319,951   
  

MFS Utils Fund

   Registered investment company                     49,450   
  

Morgan Stanley Institutional Mid Cap Growth

   Registered investment company                     107,701   
  

Motley Fool Independence Fund

   Registered investment company                     25,263   
  

Motley Fool Tr Great America Fund

   Registered investment company                     25,991   
  

Mutual Global Discovery Fund

   Registered investment company                     37,897   
  

Mutuals Com Vice Fund

   Registered investment company                     1,299   
  

Needham Funds Income Growth Fund

   Registered investment company                     95,370   
  

Neuberger & Berman Equity Funds Genesis Fund

   Registered investment company                     23,249   
  

Neuberger & Berman Partners Equity Assets

   Registered investment company                     76,183   
  

Neuberger Berman Equity Funds Real Estate Fund

   Registered investment company                     29,752   
  

Neuberger Berman Equity Funds Small Cap Growth Fund

   Registered investment company                     211,302   
  

Neuberger Berman Large Cap Value

   Registered investment company                     50   
  

New Perspective Fund CL F-1

   Registered investment company                     16,353   

 

25


Table of Contents

401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

May 31, 2013

 

 

(a)    (b)    (c)    (c)    (c)    (c)    (d)    (e)  
               Rate    Date of                 
     Identity of Issue, Borrower,         of    Maturity    Par         Current  
     Lessor or Similar Party    Description of Investment    Interest    Year    Month    Value    Cost (1)    Value  
  

Northern Funds Small Cap Value Fund

   Registered investment company                     80,114   
  

Northern Lts Tr Sierra Core Retirement

   Registered investment company                     146,916   
  

Northern Lts Tr Southern Sun Small Cap

   Registered investment company                     3,318   
  

Nuveen Invt Funds Real Estate

   Registered investment company                     53,228   
  

Nuveen Invt Funds Inc Small Cap

   Registered investment company                     6,219   
  

Nuveen Invt Tr V PFD Fund Cl A

   Registered investment company                     28,807   
  

Nuveen Invt Tr II Tradewinds Global Res Fund

   Registered investment company                     5,484   
  

Oakmark Equity & Inc Fund

   Registered investment company                     366,973   
  

Oakmark Fund

   Registered investment company                     210,261   
  

Oakmark Global Fund

   Registered investment company                     67,441   
  

Oakmark Select Fund

   Registered investment company                     128,837   
  

Oberweis Funds China Oppty Fund

   Registered investment company                     2,724   
  

Oppenheimer Developing Markets CL A

   Registered investment company                     293,823   
  

Oppenheimer Developing Markets CL Y

   Registered investment company                     22,724   
  

Oppenheimer Global Growth & Income

   Registered investment company                     5,866   
  

Oppenheimer Gold & Spl Minerals

   Registered investment company                     17,795   
  

Paradigm Funds Value

   Registered investment company                     10,873   
  

Parnassus Fund

   Registered investment company                     13,343   
  

Parnassus Fund Small Cap

   Registered investment company                     25,134   
  

Parnassus Inc Tr Eqty Inc Fund

   Registered investment company                     284,019   
  

Payden & Rygel Invt Group Metzler/Payden Eur

   Registered investment company                     6,342   
  

Payden & Rygel Invt Group Emerging Mkts Bond Fund

   Registered investment company                     12,095   
  

Payden & Rygel Invt Group Emerging Mkts Bond Fund Advisor Cl

   Registered investment company                     53,470   
  

Perkins Mid Cap Value

   Registered investment company                     196,967   
  

Perm Portfolio Fund

   Registered investment company                     168,997   
  

Perritt Micro Cap Opportunities Fund

   Registered investment company                     14,367   
  

Pimco Funds Developing Loc Mkt Fund

   Registered investment company                     5,252   
  

Pimco Funds Emerging Local Bond Fund

   Registered investment company                     62,360   
  

Pimco Funds Global Advantage Strategy Bond Fund

   Registered investment company                     3,459   
  

Pimco Funds Global Multi-Ast Fund

   Registered investment company                     191,484   
  

Pimco Funds Global Multi-Asset Instl Cl

   Registered investment company                     186,428   
  

Pimco Funds Pac Invt Mgmt Ser Commodity Real Ret Fund

   Registered investment company                     111,685   
  

Pimco Funds Pac Invt Mgmt Ser Short-term Fund CL D

   Registered investment company                     25,502   
  

Pimco Funds Pac Invt Mgmt Ser Emerging Markets Bond Fund

   Registered investment company                     77,329   
  

Pimco Funds Pac Invt Mgmt Ser For Future Issues

   Registered investment company                     21,120   
  

Pimco Funds Pac Invt Mgmt Ser For Future Issues All Auth CL D

   Registered investment company                     350,835   

 

26


Table of Contents

401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

May 31, 2013

 

 

(a)    (b)    (c)      (c)    (c)    (c)    (d)    (e)  
     Identity of Issue, Borrower,           Rate
of
   Date of
Maturity
   Par         Current  
     Lessor or Similar Party    Description of Investment      Interest    Year    Month    Value    Cost (1)    Value  
  

Pimco Funds Pac Invt Mgmt Ser For Future Issues All Ast CL D

     Registered investment company                        63,221   
  

Pimco Funds Pac Invt Mgmt Ser Future Diversified Fund

     Registered investment company                        20,670   
  

Pimco Funds Pac Invt Mgmt Ser Foreign Bond Fund

     Registered investment company                        68,634   
  

Pimco Funds Pac Invt Mgmt Ser Hi Yield Fund

     Registered investment company                        66,040   
  

Pimco Funds Pac Invt Mgmt Ser Invt Grade Bond Fund

     Registered investment company                        132,061   
  

Pimco Funds Pac Invt Mgmt Ser Low Duration Fund

     Registered investment company                        121,090   
  

Pimco Funds Pac Invt Mgmt Ser Total Return Fund

     Registered investment company                        1,082,392   
  

Pimco Funds Small Cap Stocks plus AR Strategy

     Registered investment company                        25,021   
  

Pimco Fundamental Index

     Registered investment company                        50,628   
  

Pimco Income Fund

     Registered investment company                        266,381   
  

Pimco Real Return Bond Fund

     Registered investment company                        143,556   
  

Pimco Unconstrained Bond Fund

     Registered investment company                        74,242   
  

Pioneer Global Hi Yield Fund

     Registered investment company                        47,388   
  

Pioneer Hi Yield Fund

     Registered investment company                        39,116   
  

Price T Rowe Growth Stk Fund

     Registered investment company                        30,232   
  

Price T Rowe Global Technology Fund

     Registered investment company                        160,447   
  

Price T Rowe Hi Yield Fund

     Registered investment company                        80,454   
  

Price T Rowe Health Science Fund

     Registered investment company                        126,904   
  

Price T Rowe Retirement Fund 2030FD

     Registered investment company                        28,390   
  

Price T Rowe Retirement Fund 2035FD

     Registered investment company                        1,166   
  

Primecap Odyssey Funds Aggressive Growth Fund

     Registered investment company                        43,257   
  

Primecap Odyssey Funds Growth Fund

     Registered investment company                        71,359   
  

Principal Funds Inc Equity Income Fund

     Registered investment company                        22,696   
  

Professionally Managed Fund Asterick Xupgrader Fund

     Registered investment company                        4,982   
  

Professionally Managed Portfolios Akre Focus Fund

     Registered investment company                        85,403   
  

Professionally Managed Portfolios Hodges Sm Cap

     Registered investment company                        1,211   
  

Professionally Managed Portfolios Osterweis Strategic Inc

     Registered investment company                        5,740   
  

Profunds Biotechnology Ultrasector

     Registered investment company                        10,267   
  

Profunds Consumer Svcs Ultrasector

     Registered investment company                        1,523   
  

Profunds Internet Ultrasector

     Registered investment company                        3,533   
  

Profunds Ultra Emerging Mkts Fund

     Registered investment company                        1,277   
  

Profunds Ultra Short Intl

     Registered investment company                        10,161   
  

Profunds Ultra Short Small Cap

     Registered investment company                        33,325   
  

Profunds Ultrabear

     Registered investment company                        27,872   
  

Profunds Oil & Gas Ultrasector Fund

     Registered investment company                        84,456   
  

Profunds Pharmaceuticals Ultrasector

     Registered investment company                        5,625   
  

Profunds Utils Ultrasector

     Registered investment company                        490   
  

Prudential Jennison Mid-Cap Growth

     Registered investment company                        17,900   
  

Prudential Jennison Natural Resources CL A

     Registered investment company                        27,175   
  

Prudential Jennison Natural Resources CL Z

     Registered investment company                        45,658   

 

27


Table of Contents

401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

May 31, 2013

 

 

(a)    (b)    (c)    (c)    (c)    (c)    (d)    (e)  
     Identity of Issue, Borrower,         Rate
of
   Date of
Maturity
   Par         Current  
     Lessor or Similar Party    Description of Investment    Interest    Year    Month    Value    Cost (1)    Value  
  

Putnam Funds Tr Absolute Return 300 CL Y

   Registered investment company                     113,444   
  

Putnam Funds Tr Absolute Return 300 CL A

   Registered investment company                     20,784   
  

Real Estate Income Fund

   Registered investment company                     22,271   
  

Reynolds Funds Blue Chip Growth

   Registered investment company                     22,127   
  

Ridgeworth Funds High Income

   Registered investment company                     47,239   
  

Ridgeworth Funds Intermediate Bond Fund

   Registered investment company                     14,920   
  

Ridgeworth Funds Large Cap Growth

   Registered investment company                     11,134   
  

Ridgeworth Funds Seix Fltg Rate Inc

   Registered investment company                     17,456   
  

Riv Rd Divid All Cap Value

   Registered investment company                     6,778   
  

Rowe Price New Era Fund Inc

   Registered investment company                     91,737   
  

Rowe T Price Equity Income Fund

   Registered investment company                     406,889   
  

Rowe T Price Index Tr Income Equity 500 Index Fund

   Registered investment company                     9,822   
  

Rowe T Price Int Latin America Fund

   Registered investment company                     62,934   
  

Rowe T Price Intl Funds Inc Africa and the Middle East Fund

   Registered investment company                     8,190   
  

Rowe T Price Intl Funds Emerging Markets Stock Fund

   Registered investment company                     92,196   
  

Rowe T Price Intl Funds New Asia

   Registered investment company                     37,405   
  

Rowe T Price Mid-Cap Growth Fund

   Registered investment company                     26,250   
  

Rowe T Price Pers Strategy Funds

   Registered investment company                     1,138   
  

Rowe T Price Real Estate Fund

   Registered investment company                     9,201   
  

Rowe T Price Small Cap Fund

   Registered investment company                     13,624   
  

Rowe T Price Spectrum Fund Inc Intl Fund

   Registered investment company                     304,185   
  

Rowe T Price Spectrum Fund Inc Open End Fund

   Registered investment company                     619,283   
  

Royce Fund Dividend Value

   Registered investment company                     29,092   
  

Royce Fund Heritage Fund

   Registered investment company                     84,282   
  

Royce Fund Low Priced Stock Fund

   Registered investment company                     35,647   
  

Royce Fund Micro-Cap Fund

   Registered investment company                     12,808   
  

Royce Fund Opportunity Fund

   Registered investment company                     949   
  

Royce Fund Pa Mut Fund

   Registered investment company                     24,904   
  

Royce Fund Premier Fund Invt CL

   Registered investment company                     88,466   
  

Royce Fund Premier Fund Svs CL

   Registered investment company                     6,643   
  

Royce Fund Spl Equity Fund

   Registered investment company                     38,492   
  

Royce Fund Total Return Fund

   Registered investment company                     74,341   
  

Royce Fund Total Return Fund Svc CL

   Registered investment company                     6,198   
  

Royce Fund Value Fund

   Registered investment company                     8,399   

 

28


Table of Contents

401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

May 31, 2013

 

 

(a)    (b)    (c)    (c)    (c)    (c)    (d)    (e)  
     Identity of Issue, Borrower,         Rate
of
   Date of
Maturity
   Par         Current  
     Lessor or Similar Party    Description of Investment    Interest    Year    Month    Value    Cost (1)    Value  
  

Royce Fund Value Plus Fund

   Registered investment company                     44,452   
  

RS Invt Tr Fltg Rate Fund CL A

   Registered investment company                     37,226   
  

RS Invt Tr Global Nat Res Fund

   Registered investment company                     104,865   
  

RS Invt Tr Partners Fund

   Registered investment company                     5,203   
  

RS Invt Tr Select Growth Fund CL A

   Registered investment company                     4,349   
  

RS Invt Tr Technolodgy Fund

   Registered investment company                     25,356   
  

Rydex OTC 2x Strategy Fund CL H

   Registered investment company                     2   
  

Rydex Service Funds Biotechnology Fund

   Registered investment company                     12,939   
  

Rydex Service Funds Consumer Products

   Registered investment company                     3,477   
  

Rydex Service Tr URSA Fund

   Registered investment company                     276,393   
  

Rydex/SGI Service Funds Managed Futures Strategy

   Registered investment company                     89,488   
  

Saturna Invt Tr Sextant Intl Fund

   Registered investment company                     21,686   
  

Schroder Intern Multi-cap Value fund

   Registered investment company                     2,707   
  

Schroder Ser Tr

   Registered investment company                     9,017   

*

  

Schwab Cap Tr Ast Director-Aggressive Growth Fund

   Registered investment company                     35,203   

*

  

Schwab Cap Tr Ast Dir Balanced Growth Fund

   Registered investment company                     2,658   

*

  

Schwab Cap Tr Balanced Fund Inv Shs

   Registered investment company                     1,091   

*

  

Schwab Cap Tr Core Equity Fund

   Registered investment company                     68,817   

*

  

Schwab Cap Tr Dividend Equity Fund

   Registered investment company                     41,107   

*

  

Schwab Cap Tr Fundamental US Large Co Index Fund

   Registered investment company                     19,173   

*

  

Schwab Cap Tr Fundamental Intl Small Co Index

   Registered investment company                     16,078   

*

  

Schwab Cap Tr Health Care Fund

   Registered investment company                     80,477   

*

  

Schwab Cap Tr Intl Index Fund

   Registered investment company                     69,130   

*

  

Schwab Cap Tr Large Cap Growth Fund

   Registered investment company                     8,492   

*

  

Schwab Cap Tr Laudus Intl Market Masters Fund

   Registered investment company                     137,041   

*

  

Schwab Cap Tr Small Cap Equity

   Registered investment company                     13,310   

*

  

Schwab Cap Tr S&P 500 Index Fund

   Registered investment company                     685,097   

*

  

Schwab Cap Tr Target 2030 Fund

   Registered investment company                     20,239   

*

  

Schwab Cap Tr Target 2035 Fund

   Registered investment company                     3,165   

*

  

Schwab Cap Tr Target 2040 Fund

   Registered investment company                     61,225   

*

  

Schwab Charles Family Funds Inv Money Fund

   Registered investment company                     9,039   

*

  

Schwab Family Fund Money Market Fund

   Registered investment company                     4,308,184   

*

  

Schwab Funds International Core Equity

   Registered investment company                     6,775   

*

  

Schwab Govt Sec Fund

   Registered investment company                     95,262   

*

  

Schwab Invts Global Real Estate Fund

   Registered investment company                     41,079   

*

  

Schwab Invts 1000 Index Fund

   Registered investment company                     118,253   

*

  

Schwab Small Cap Index Select

   Registered investment company                     84,805   

*

  

Schwab Invts Treas Inflation Protection Secs Fund

   Registered investment company                     9,688   

*

  

Schwab Total Bond Mkt Index Fund

   Registered investment company                     11,145   

*

  

Schwab Total Stock Market Index Fund

   Registered investment company                     490,878   
  

Scout Funds Core Plus Bond Fund

   Registered investment company                     11,762   
  

Scout Funds Mid Cap Fund

   Registered investment company                     210,202   

 

29


Table of Contents

401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

May 31, 2013

 

 

(a)    (b)    (c)      (c)    (c)    (c)    (d)    (e)  
     Identity of Issue, Borrower,           Rate
of
   Date of
Maturity
   Par         Current  
     Lessor or Similar Party    Description of Investment      Interest    Year    Month    Value    Cost (1)    Value  
  

Scwartz Intv Tr Ave Maria Rising Dividend Fund

     Registered investment company                        22,920   
  

Selected Amer Sh Inc Cap Stk Fund

     Registered investment company                        308,142   
  

Sequoia Fund Inc Com Stk Open End Fund

     Registered investment company                        65,215   
  

Short Nasdaq 100 Inv

     Registered investment company                        38,143   
  

SIT Mutual Funds Inc Small Cap Growth Fund

     Registered investment company                        44,643   
  

Small Cap Fund

     Registered investment company                        102,310   
  

Small Cap World Fund CL F-1

     Registered investment company                        43,931   
  

Sound Shore Fund Inc

     Registered investment company                        11,550   
  

Spartan Extd Mkt Index Fund

     Registered investment company                        20,742   
  

SSGA Emerging Mkt Fund

     Registered investment company                        16,226   
  

SSGA International Stock Selection Fund

     Registered investment company                        31,760   
  

Steelpath MLP Funds Tr Select 40

     Registered investment company                        6,802   
  

Sunamerica Focused Ser Inc Dividend Strategy

     Registered investment company                        27,144   
  

T Rowe Price Blue Chip Growth Fund

     Registered investment company                        51   
  

T Rowe Price Cap Appreciation Fund

     Registered investment company                        189,645   
  

T Rowe Price Finl Svcs Fund

     Registered investment company                        4,641   
  

T Rowe Price Global Real Estate Fund Advisor CL

     Registered investment company                        16   
  

T Rowe Price Global Real Estate Fund

     Registered investment company                        15,085   
  

TCW Funds Inc Emerging Markets Inc Fund

     Registered investment company                        17,852   
  

TCW Funds Inc Formerly TCW Galileo Emerging Markets

     Registered investment company                        76,322   
  

TCW Galileo Funds Inc Dividend Focused Fund

     Registered investment company                        17,292   
  

TCW Galileo Funds Inc Select Equities Fund

     Registered investment company                        41,258   
  

TCW Galileo Funds Inc Small Cap Growth Fund

     Registered investment company                        5,899   
  

TCW Galileo Funds Inc Total Return Bond Fund

     Registered investment company                        97,907   
  

TCW Total Return Bond Fund CL 1

     Registered investment company                        110,179   
  

Templeton Growth Fund

     Registered investment company                        12,805   
  

Templeton Income Tr Global Gond Fund

     Registered investment company                        122,424   
  

Templeton Tr Global Bond Fund

     Registered investment company                        53,477   
  

Templeton Global Invt Tr Bric Fund

     Registered investment company                        2,674   
  

Teton Westwood Equity Fund Mighty Mites

     Registered investment company                        31,651   
  

TFS Cap Invt Tr Market Neutral Fund

     Registered investment company                        16,163   
  

Third Avenue Tr Real Estate Value Fund

     Registered investment company                        36,458   
  

Third Avenue Tr Value Tr Fund

     Registered investment company                        62,385   
  

Thomas White Intl Fund

     Registered investment company                        36,509   
  

Thompson Plumb Funds Inc Bond Fund

     Registered investment company                        10,211   
  

Thornburg Intl Value Fund

     Registered investment company                        64,210   
  

Thornburg Invt Tr Strategic Fund CL A

     Registered investment company                        110,439   
  

TIAA-CREF Mutual Fund