Performance and Allocation

Asset Allocation as of March 31, 2018

Asset Class
Assets at Market Actual Target Variance
Domestic Equities $589,675,938 42.7% 42.0% 0.7%
International Equities $329,605,282 23.8% 23.0% 0.8%
Fixed Income $428,875,623 31.0% 30.0% 1.0%
Real Estate $35,000,000 2.5% 5.0% -2.5%
Total $1,383,156,843 100.0% 100.0% 0.0%

 

Bar_Chart_Q1_2018         

 

Investment Performance for Period Ending March 31, 2018

Total Fund Curr Qtr YTD 1 Yr 3 Yr 5 Yr 7 Yr 10 Yr
Gross of Fees -0.5% -0.5% 10.8% 7.1% 9.2% 8.6% 7.8%
Net of Fees -0.6% -0.6% 10.4% 6.8% 8.8% 8.2% 7.4%
Policy Index* -0.6% -0.6% 10.3% 6.7% 8.6% 8.5% 7.9%

 

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 -0.6% -0.6% 10.4% 6.8% 8.8% 8.2% 7.4%
Policy Index -0.6% -0.6% 10.3% 6.7% 8.6% 8.5% 7.5%
Total Domestic Equity Composite
Net of Fees -0.8% -0.8% 12.7% 8.8% 12.6% 11.0% 8.9%
Wilshire 5000 -0.8% -0.8% 13.7% 10.5% 13.1% 12.4%

9.6%

Decatur Capital - LCC
   Net of Fees 1.4% 1.4% 20.1% 10.2%  14.5%    
   Russell 1000  -0.7% -0.7% 14.0% 10.4%  13.2%    
SSgA S&P 500
Net of Fees -0.8% -0.8%  14.0%         
S&P 500 -0.8% -0.8%  14.0%         
O'Shaughnessy Asset Management - LCV
Net of Fees -0.5% -0.5% 20.2% 9.2%       
Russell 1000 Value -2.8% -2.8% 6.9% 7.9%       
LSV Asset Management - LCV
Net of Fees -1.8% -1.8% 12.2% 8.5%  12.6%    
Russell 1000 Value -2.8% -2.8% 6.9% 7.9%  10.8%    
 
Name Curr Qtr YTD 1 Yr 3 Yrs 5 Yrs 7 Yrs 10 yrs
Ariel Investments - MCV
Net of Fees -0.1% -0.1% 7.1% 5.4% 11.2% 10.8% 11.0%
Russell Midcap Value -2.5% -2.5% 6.5% 7.2% 11.1% 11.2% 9.8%
SSgA S&P 400
   Net of Fees  -0.8% -0.8%  10.9%         
   S&P 400 MidCap          -0.8% -0.8%  11.0%         
Matarin Capital - SCC
Net of Fees -0.7%  -0.7%  9.7%         
Russell 2000  -0.1%  - 0.1% 11.8%        
Mesirow Financial - SCV
   Net of Fee -3.3% -3.3% 7.3% 6.4%  9.7%    
   Russell 2000 Value -2.6% -2.6% 5.1% 7.9%  10.0%    
Wasatch Advisors - SCV
Net of Fees -2.3% -2.3% 14.1% 9.1% 13.7% 11.9% 11.3%
Russell 2000 Value

-2.6%

-2.6% 5.1% 7.9% 10.0% 9.4% 8.6% 
Total International Equity Composite
Net of Fees 4.7% 28.6% 28.6% 11.7% 9.4% 9.3%  3.7%
MSCI ACWI ex US 5.0% 27.2% 27.2% 7.8% 6.8% 4.9%   1.8%
Hexavest Inc
Net of Fees -1.8% -1.8% 9.1% 4.7% 4.8%  4.2%  
Hexavest Benchmark -1.8% -1.8%

14.7%

5.6% 6.0%  4.6%  
LSV Asset Management - SCV
Net of Fees -0.5% -0.5% 20.9% 13.3%      
S&P Developed ex. US SC -0.9% -0.9% 21.8% 11.5%      
Dimensional Fund Advisors - EM
Net of Fees 1.7% 1.7%  22.1%        
Diversified EM MStar 1.4% 1.4% 24.9%        
SSgA MSCI ACWI ex-US Index - LCC
Net of Fees -1.1% -1.1% 16.8%        
MSCI ACWI ex USA -1.2% -1.2% 16.5%        
Name Curr Qtr YTD 1 Yr 3 Yrs 5 Yrs 7 Yrs 10 yrs
Total Fixed Income Composite
Net of Fees -0.6% -0.6% 10.4% 6.8% 8.8% 8.2%  7.4%
Barclays U.S. Aggregate -0.6% -0.6% 10.3% 6.7% 8.6% 8.5% 7.5%
Neuberger Berman-Core Plus
   Net of Fees -1.2% -1.2% 2.1% 2.1%  2.4%    
   Barclays U.S.          Aggregate    -1.5% -1.5% 1.2% 1.2%  1.8%    
State Street -  Passive Bond Market Index
   Net of Fees -1.4% -1.4% 1.2%  1.2%  1.8% 2.9%  
   Barclays U.S.          Aggregate -1.5% -1.5% 1.2% 1.2%  1.8%  2.9%  
 Standish - Global       
   Net of Fees 0.8% 0.8%  3.9%         
   Barclays Global        Aggregate    -0.1% -0.1% 2.5%         
Garcia Hamilton & Associates
Net of Fees -0.7% -0.7% 2.0%         
Barclays U.S.  -1.5% -1.5% 1.2%         
Real Estate       
UBS Trumbull Property Fund       
Net of Fees -            
NFI 2.0%            
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