Performance and Allocation

Asset Allocation as of March 31, 2017

Asset Class
Assets at Market Actual Target Variance
Domestic Equities $562,821,661 43.1% 42.0% 1.1%
International Equities $305,150,223 23.4% 23.0% 0.4%
Fixed Income $437,518,502 33.5% 35.0% -1.5%
Total $1,305,490,386 100.0% 100.0% 0.0%

 

 

Bar_Chart_01_2017

 

Investment Performance for Period Ending March 31, 2017

Total Fund Curr Qtr YTD 1 Yr 3 Yr 5 Yr 7 Yr 10 Yr
Gross of Fees 4.2% 4.2% 12.9% 6.5% 9.1% 9.4% 6.6%
Net of Fees 4.1% 4.1% 12.5% 6.1% 8.6% 8.9% 6.2%
Policy Index* 4.4% 4.4% 11.3% 6.2% 8.7% 9.0% 6.2%

 

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 Ex-US Index
  •  6% MSCI Emerging Markets Index
  •  7% Barclays Global Aggregate (Hedged) Index
  • 28% Barclays Aggregate 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 4.1% 4.1% 12.5% 6.1% 8.6% 8.9% 6.2%
Policy Index 4.4% 4.4% 11.3% 6.2% 8.7% 9.0% 6.2%
Total Domestic Equity Composite
Net of Fees 4.0% 4.0% 19.4% 8.5% 12.5% 12.1%  6.8%
Wilshire 5000 5.6% 5.6% 18.3% 10.0% 13.2% 12.9%

7.6%

Decatur Capital - LCC
   Net of Fees 7.4% 7.4% 14.0% 8.9%  12.2%    
   Russell 1000  6.0% 6.0% 17.4% 10.0%  13.3%    
SSgA S&P 500
Net of Fees 6.1% 6.1%  17.2%         
S&P 500 6.1% 6.1%  17.2%         
O'Shaughnessy Asset Management - LCV
Net of Fees 3.0% 3.0% 15.1% 5.7%       
Russell 1000 Value 3.3% 3.3% 19.2% 8.7%       
LSV Asset Management - LCV
Net of Fees 2.7% 2.7% 19.9% 7.5%  13.5%    
Russell 1000 Value 3.3% 3.3% 19.2% 8.7%  13.1%    
 
Name Curr Qtr YTD 1 Yr 3 Yrs 5 Yrs 7 Yrs 10 yrs
Ariel Investments - MCV
Net of Fees 7.0% 7.0% 19.5% 7.7% 13.5% 12.7% 8.9%
Russell Midcap Value 3.8% 3.8% 19.8% 8.9% 14.1% 13.4%  7.5%
SSgA S&P 400
   Net of Fees  3.9% 3.9%  20.9%         
   S&P 400 MidCap          3.9% 3.9%  20.9%         
Matarin Capital - SCC
Net of Fees -1.0%  -1.0%  22.6%         
Russell 2000  2.5%  2.5%  26.2%         
Mesirow Financial - SCV
   Net of Fee 2.6% 2.6% 19.4% 6.6%  11.4%    
   Russell 2000 Value -0.1% -0.1% 29.4% 7.6%  12.5%    
Wasatch Advisors - SCV
Net of Fees 1.7% 1.7% 25.7% 7.8% 13.8% 13.3% 7.6% 
Russell 2000 Value

-0.1%

-0.1% 29.4% 7.6% 12.5% 11.6% 6.1% 
Total International Equity Composite
Net of Fees 9.1% 9.1% 14.2% 5.4% 7.4% 7.6%   
MSCI ACWI ex US 7.9% 7.9% 13.1% 0.6% 4.4% 3.8%   
Hexavest Inc
Net of Fees 6.0% 6.0% 10.2% 1.6%  5.1%    
Hexavest Benchmark 7.1% 7.1%

12.3%

0.4%  5.1%    
LSV Asset Management - SCV
Net of Fees 8.3% 8.3% 18.6%        
S&P Developed ex. US SC 7.8% 7.8% 11.3%        
Dimensional Fund Advisors - EM
Net of Fees 13.5% 13.5%           
Diversified EM MStar 11.4% 11.4%           
SSgA MSCI ACWI ex-US Index - LCC
Net of Fees 7.9% 7.9%           
MSCI ACWI ex USA 7.9% 7.9%           
Name Curr Qtr YTD 1 Yr 3 Yrs 5 Yrs 7 Yrs 10 yrs
Total Fixed Income Composite
Net of Fees 1.0% 1.0% 2.7% 2.6% 2.8% 3.8%  4.2%
Barclays U.S. Aggregate 0.8% 0.8% 0.4% 2.7% 2.3% 3.5% 4.3%
Neuberger Berman-Core Plus
   Net of Fees 1.3% 1.3% 3.6% 3.1%      
   Barclays U.S.          Aggregate    0.8% 0.8% 0.4% 2.7%      
State Street -  Passive Bond Market Index
   Net of Fees 0.8% 0.8% 0.4%  2.7%  2.3%  3.5%  
   Barclays U.S.          Aggregate 0.8% 0.8% 0.4% 2.7%  2.3%  3.5%  
 Standish - Global              
   Net of Fees 1.2%  1.2%  2.2%         
   Barclays Global        Aggregate    1.8%  1.8%  -1.9%         
Garcia Hamilton & Associates
Net of Fees 0.9% 0.9%           
Barclays U.S.  0.8% 0.8%           
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