​

  ​ ​ ​

(b) Identity of issue, borrower, lessor or

  ​ ​ ​

(c) Description of investment including

  ​ ​ ​

​

​

​

​

similar

​

maturity date, rate of interest, collateral, par

​

(e) Current

(a)

​

party

​

or maturity value

​

value

​

Mutual Funds

  ​

​

  ​

​

Amercent Small Cap Value

Mutual fund – 386,954 shares

​

$

3,474,848

​

American Funds EuroPacific Growth Fund

Mutual fund – 288,156 shares

​

17,456,519

​

DFA Emerging Markets Core Equity

Mutual fund – 189,101 shares

​

5,499,046

​

DFA Real Estate Securities I

Mutual fund – 41,773 shares

​

1,658,387

​

Federated Total Return Bond Fund

Mutual fund – 1,338,590 shares

​

12,837,082

​

Guggenheim Macro Opportunities Fund

Mutual fund – 165,024 shares

​

4,130,548

​

JP Morgan Large Cap Growth Fund

Mutual fund – 593,728 shares

​

51,321,820

​

T. Rowe Price Div Mid-Cap Growth Fund I

Mutual fund – 239,226 shares

​

11,262,779

​

T. Rowe Price Mid-Cap Value Fund I

Mutual fund – 293,027 shares

​

9,397,387

​

T. Rowe Price Spectrum Conserv Alloc Fund I

Mutual fund – 169,494 shares

​

3,467,840

​

T. Rowe Price Spectrum Mod Growth Alloc Fund I

Mutual fund – 70,434 shares

​

2,998,360

​

T. Rowe Price Spectrum Mod Alloc Fund I

Mutual fund – 181,568 shares

​

4,544,658

​

Vanguard Equity Income Admiral

Mutual fund – 260,558 shares

​

24,208,436

​

Vanguard Institutional Index I

Mutual fund – 69,878 shares

​

38,578,660

​

Vanguard Mid-Cap Index I

Mutual fund – 158,070 shares

​

12,547,591

​

Vanguard Small-Cap Index Fund I

Mutual fund – 92,335 shares

​

11,410,799

​

Vanguard Target Retirement 2020

Mutual fund – 273,543 shares

​

7,508,742

​

Vanguard Target Retirement 2025

Mutual fund – 783,096 shares

​

15,622,770

​

Vanguard Target Retirement 2030

Mutual fund – 837,935 shares

​

35,469,781

​

Vanguard Target Retirement 2035

Mutual fund – 835,932 shares

​

22,887,816

​

Vanguard Target Retirement 2040

Mutual fund – 361,512 shares

​

18,057,531

​

Vanguard Target Retirement 2045

Mutual fund – 296,465 shares

​

10,299,196

​

Vanguard Target Retirement 2050

Mutual fund – 260,735 shares

​

15,456,356

​

Vanguard Target Retirement 2055

Mutual fund – 96,019 shares

​

6,352,631

​

Vanguard Target Retirement 2060

Mutual fund – 90,858 shares

​

5,540,507

​

​

Vanguard Target Retirement 2065

​

Mutual fund – 8,203 shares

​

​

328,378

​

​

Vanguard Target Retirement 2070

​

Mutual fund – 7,852 shares

​

​

249,846

​

Vanguard Target Retirement Income

Mutual fund – 687,431 shares

​

9,534,674

​

Vanguard Total Bond Index Admiral

Mutual fund – 650,990 shares

​

6,360,168

​

​

​

​

​

​

368,463,156

***

Collective Investment Trust

  ​

​

  ​

​

Neuberger Berman Small Cap Growth Trust Fund

Mutual fund – 1,244,962 shares

​

13,659,977

​

​

​

​

​

​

​

​

​

Common Stock of Plan Sponsor

​

​

​

​

​

*

Community Financial System, Inc.

Common stock – 1,451,117 shares

​

83,352,180

​

​

​

​

​

​

​

​

**

Stable Value Fund

  ​

​

  ​

*

HB&T MetLife Stable Value Fund R0

Stable value fund – 2,150,753 shares

​

30,906,317

​

​

​

​

​

​

​

​

​

Loan Fund

​

​

​

​

​

*

Participants

Participant loans, 3.25% – 9.25%

​

4,909,378

​

​

​

​

​

​

​

​

​

Self-Directed Brokerage

​

​

​

​

​

​

Charles Schwab IDA Account

Self-directed brokerage

​

8,046,915

​

Total investments

​

​

​

$

509,337,923

*

– Denotes party-in-interest

  ​

​

  ​

**

– Investment stated at Contract Value.

  ​

​

  ​

***

– Investment stated at Net Asset Value.

  ​

​

  ​