Performance and Allocation

Asset Allocation as of September 30, 2018

Asset Class
Assets at Market Actual Target Variance
Domestic Equities $620,375,400 44.1% 42.0% 2.1%
International Equities $310,271,580 22.0% 23.0% -1.0%
Fixed Income $422,228,488 30.0% 30.0% 0.0%
Real Estate $54,562,648 3.9% 5.0% -1.1%
Total $1,407,438,116 100.0% 100.0% 0.0%

 

Q3_2018

Investment Performance for Period Ending September 30, 2018

Total Fund Curr Qtr YTD 1 Yr 3 Yr 5 Yr 7 Yr 10 Yr
Gross of Fees 2.5% 2.4% 6.7% 10.2% 8.3% 11.0% 9.0%
Net of Fees 2.4% 2.1% 6.3% 9.8% 7.9% 10.5% 8.6%
Policy Index* 2.6% 3.0% 7.0% 10.3% 8.2% 10.6% 8.8%

 

The Fund is expected to exceed the Policy Index over rolling four quarters. The current Policy Index is:

  • 21% S&P 500 Index
  • 10% Russell MidCap Index
  • 11% Russell 2000 Index
  • 11% MSCI ACWI Ex-US Index
  •  6% S&P Developed Small Cap Ex-US Index
  •  6% MSCI Emerging Markets Index
  •  7% Barclays Global Aggregate (Hedged) Index
  • 23% Barclays Aggregate Index
  •  5% NFI-ODCE Index

 

The Fund is expected to exceed the actuarial target return of 7.5% over a complete market cycle of approximately 5 years.

 

 

Name Curr Qtr YTD 1 Yr 3 Yrs 5 Yrs 7 Yrs 10 yrs
Total Fund
Net of Fees 2.4% 2.1% 6.3% 9.8% 7.9% 10.5% 8.6%
Policy Index 2.6% 3.0% 7.0% 10.3% 8.2% 10.6% 8.8%
Total Domestic Equity Composite
Net of Fees 4.7% 7.5% 14.4% 15.2% 11.8% 16.0% 11.0%
Wilshire 5000 7.3% 10.5% 17.6% 17.3% 13.6% 16.9%

12.0%

Decatur Capital - LCC
   Net of Fees 8.2% 14.3% 22.3% 17.6%  15.2%  17.5%  
   Russell 1000  7.4% 10.5% 17.8% 17.1%  13.7%  16.9%  
SSgA S&P 500
Net of Fees 7.7% 10.6%  17.9%  17.3%       
S&P 500 7.7% 10.6%  17.9%  17.3%       
O'Shaughnessy Asset Management - LCV
Net of Fees 5.0% 6.7% 16.2% 16.5%  11.9%     
Russell 1000 Value 5.7% 3.9% 9.5% 13.6%  10.7%     
LSV Asset Management - LCV
Net of Fees 4.3% 1.7% 9.1% 13.4%  10.9%    
Russell 1000 Value 5.7% 3.9% 9.5% 13.6%  10.7%    
 
Name Curr Qtr YTD 1 Yr 3 Yrs 5 Yrs 7 Yrs 10 yrs
Ariel Investments - MCV
Net of Fees 3.0% 3.9% 10.5% 12.3% 9.1% 15.6% 12.2%
Russell Midcap Value 3.3% 3.1% 8.8% 13.1% 10.7% 15.5% 11.3%
SSgA S&P 400
   Net of Fees  3.9% 7.4%  14.1%   15.6%      
   S&P 400 MidCap          3.9% 7.5%  14.2%   15.7%      
Matarin Capital - SCC
Net of Fees 1.4%  7.7%  12.4%  15.0%       
Russell 2000  3.6%  11.5% 15.2% 17.1%       
Mesirow Financial - SCV
   Net of Fee 2.8% 4.4% 8.4% 11.8% 9.2%    
   Russell 2000 Value 1.6% 7.1% 9.3% 16.1%  9.9%    
Wasatch Advisors - SCV
Net of Fees 3.0% 7.7% 14.9% 16.3% 12.0% 16.9% 13.4%
Russell 2000 Value

1.6%

7.1% 9.3% 16.1% 9.9% 15.3% 9.5% 
Total International Equity Composite
Net of Fees 1.0% -4.1% 0.4% 10.7% 6.8% 9.5%  6.8%
MSCI ACWI ex US 0.7% -3.1% 1.8% 10.0% 4.1% 7.2%   5.2%
Hexavest Inc
Net of Fees 0.7% -2.8% -0.1% 7.2% 3.4% 6.7%  
Hexavest Benchmark 1.1% -1.9%

2.4%

9.6% 4.2% 7.7%  
LSV Asset Management - SCV
Net of Fees -0.1% -4.6% -1.6% 12.9%      
S&P Developed ex. US SC -0.3% -2.2% 3.9% 12.2%      
Dimensional Fund Advisors - EM
Net of Fees 2.7% -5.8%  1.4%        
Diversified EM MStar -1.1% -7.7% -0.8%        
SSgA MSCI ACWI ex-US Index - LCC
Net of Fees 0.7% -2.9% 1.9%        
MSCI ACWI ex USA 0.7% -3.1% 1.8%        
Name Curr Qtr YTD 1 Yr 3 Yrs 5 Yrs 7 Yrs 10 yrs
Total Fixed Income Composite
Net of Fees 0.2% -1.0% -0.4% 2.1% 2.4% 2.4% 4.0%
Barclays U.S. Aggregate 0.0% -1.6% -1.2% 1.3% 2.2% 2.0% 3.8%
Neuberger Berman-Core Plus
   Net of Fees 0.5% -0.7% -0.1% 2.8% 2.9%    
   Barclays U.S.          Aggregate    0.0% -1.6% -1.2% 1.3% 2.2%    
State Street -  Passive Bond Market Index
   Net of Fees 0.0% -1.6% -1.2%  1.3%  2.2% 2.0%  3.7%
   Barclays U.S.          Aggregate 0.0% -1.6% -1.2% 1.3%  2.2%  2.0%  3.8%
 Standish - Global       
   Net of Fees 0.3% -0.5%  0.5%   2.2%      
   Barclays Global        Aggregate    0.0% 0.0% 0.8%   2.4%      
Garcia Hamilton & Associates
Net of Fees -0.2% -0.4% 0.4%         
Barclays U.S.  0.0% -1.6% -1.2%         
Real Estate       
RREEF II
Net of Fees 2.3%            
NFI 1.9%            
UBS Trumbull Property Fund       
Net of Fees 1.2%            
NFI 1.9%            
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