Performance and Allocation

Asset Allocation as of June 30, 2018

Asset Class
Assets at Market Actual Target Variance
Domestic Equities $610,947,357 44.0% 42.0% 2.0%
International Equities $312,153,245 22.4% 23.0% -0.6%
Fixed Income $427,477,453 30.7% 30.0% 0.7%
Real Estate $40,909,981 2.9% 5.0% -2.1%
Total $1,391,488,034 100.0% 100.0% 0.0%

 

Bar_Chart_Q2_2018

Investment Performance for Period Ending June 30, 2018

Total Fund Curr Qtr YTD 1 Yr 3 Yr 5 Yr 7 Yr 10 Yr
Gross of Fees 0.4% -0.1% 7.8% 7.2% 9.1% 8.6% 7.9%
Net of Fees 0.3% -0.3% 7.5% 6.9% 8.7% 8.1% 7.5%
Policy Index* 1.0% 0.4% 8.1% 7.4% 8.7% 8.5% 7.6%

 

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 0.3% -0.3% 7.5% 6.9% 8.7% 8.1% 7.5%
Policy Index 1.0% 0.4% 8.1% 7.4% 8.7% 8.5% 7.6%
Total Domestic Equity Composite
Net of Fees 3.5% 2.6% 13.7% 9.9% 12.7% 11.7% 9.3%
Wilshire 5000 3.8% 3.0% 14.7% 11.9% 13.4% 13.0%

10.2%

Decatur Capital - LCC
   Net of Fees 4.2% 5.6% 19.2% 12.6%  14.7%  13.7%  
   Russell 1000  3.6% 2.9% 14.5% 11.6%  13.4%  13.1%  
SSgA S&P 500
Net of Fees 3.4% 2.6%  14.4%  12.0%       
S&P 500 3.4% 2.6%  14.4%  11.9%       
O'Shaughnessy Asset Management - LCV
Net of Fees 2.1% 1.5% 16.8% 10.5%  13.0%     
Russell 1000 Value 1.2% -1.7% 6.8% 8.3%  10.3%     
LSV Asset Management - LCV
Net of Fees -0.7% -2.5% 10.0% 8.2%  11.3%    
Russell 1000 Value 1.2% -1.7% 6.8% 8.3%  10.3%    
 
Name Curr Qtr YTD 1 Yr 3 Yrs 5 Yrs 7 Yrs 10 yrs
Ariel Investments - MCV
Net of Fees 1.1% 0.9% 7.4% 6.0% 10.4% 10.8% 11.4%
Russell Midcap Value 2.4% -0.2% 7.6% 8.8% 11.3% 11.7% 10.1%
SSgA S&P 400
   Net of Fees  4.3% 3.5%  13.4%   10.9%      
   S&P 400 MidCap          4.3% 3.5%  13.5%   10.9%      
Matarin Capital - SCC
Net of Fees 7.1%  6.3%  15.0%         
Russell 2000  7.8%  7.7% 17.6%        
Mesirow Financial - SCV
   Net of Fee 5.0% 1.6% 10.2% 7.4% 10.3%    
   Russell 2000 Value 8.3% 5.4% 13.1% 11.2%  11.2%    
Wasatch Advisors - SCV
Net of Fees 7.0% 4.6% 18.3% 11.0% 13.6% 13.1% 12.0%
Russell 2000 Value

8.3%

5.4% 13.1% 11.2% 11.2% 11.1% 9.9% 
Total International Equity Composite
Net of Fees -4.8% -5.1% 5.6% 7.9% 8.1% 7.0%  4.0%
MSCI ACWI ex US -2.6% -3.8% 7.3% 5.1% 6.0% 3.8%   2.5%
Hexavest Inc
Net of Fees -1.7% -3.5% 2.4% 4.1% 5.0% 3.9%  
Hexavest Benchmark -1.3% -3.0%

7.1%

4.9% 6.2%  4.3%  
LSV Asset Management - SCV
Net of Fees -4.1% -4.6% 6.9% 10.0%      
S&P Developed ex. US SC -1.1% -2.0% 11.4% 9.4%      
Dimensional Fund Advisors - EM
Net of Fees -9.8% -8.3%  5.2%        
Diversified EM MStar -8.0% -6.7% 8.2%        
SSgA MSCI ACWI ex-US Index - LCC
Net of Fees -2.5% -3.6% 7.5%        
MSCI ACWI ex USA -2.6% -3.8% 7.3%        
Name Curr Qtr YTD 1 Yr 3 Yrs 5 Yrs 7 Yrs 10 yrs
Total Fixed Income Composite
Net of Fees -0.4% -1.2% 0.1% 2.0% 2.5% 3.0% 3.7%
Barclays U.S. Aggregate -0.2% -1.6% -0.4% 1.7% 2.3% 2.6% 3.7%
Neuberger Berman-Core Plus
   Net of Fees -0.1% -1.2% 0.6% 2.6% 3.0%    
   Barclays U.S.          Aggregate    -0.2% -1.6% -0.4% 1.7% 2.3%    
State Street -  Passive Bond Market Index
   Net of Fees -0.2% -1.6% -0.4%  1.7%  2.3% 2.6%  3.7%
   Barclays U.S.          Aggregate -0.2% -1.6% -0.4% 1.7%  2.3%  2.6%  3.7%
 Standish - Global       
   Net of Fees -1.6% -0.8%  0.3%   2.3%      
   Barclays Global        Aggregate    0.2% 0.1% 1.7%   2.8%      
Garcia Hamilton & Associates
Net of Fees -0.4% -0.2% 1.1%         
Barclays U.S.  -0.2% -1.6% -0.4%         
Real Estate       
RREEF II
Net of Fees 1.9%            
NFI 1.8%            
UBS Trumbull Property Fund       
Net of Fees 1.6%            
NFI 1.8%            
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