Current Investment Performance

Municipal Employee Benefit Trust
Flash Performance Report - Preliminary
Through 12/31/2014
As of Calendar Quarter End
Final 1st Final 2nd Final 3rd Prelim 4th
Fund
Fixed Income
Barclays Aggregate Bond Index
PIMCO - Fixed
Barclays Aggregate
$
162,339,312
24.19%
$
11,239,420
1.68%
Calamos High Yield
50% ML All Conv Incl Mandatory / 50% ML High Yield Master II
American Beacon SIM High Yield
ML High Yield Master II*
$
27,543,118
4.10%
YTD
Dec-14
Qtr. '14
Qtr. '14
Qtr. '14
Qtr. '14
5.97%
0.09%
1.84%
2.04%
0.17%
1.79%
4.60%
-0.55%
1.30%
2.37%
-0.36%
1.23%
5.97%
0.09%
1.84%
2.04%
0.17%
1.79%
0.24%
-2.91%
2.88%
2.25%
-2.11%
-2.66%
6.02%
-1.15%
3.66%
3.77%
1.79%
0.28%
-1.69%
-1.33%
NA
NA
NA
-1.48%
-1.17%
-0.53%
-1.92%
-1.06%
Inception 07/2014
First Eagle High Yield
Barclays US High Yield*
$
27,505,231
4.10%
-4.57%
-2.37%
NA
-1.45%
12.56%
0.00%
NA
NA
-0.79%
-3.81%
-1.87%
-1.00%
0.01%
5.24%
Inception 08/2014
US Equity
Russell 3000 Index
Equity - Core
State St. Global - Index
S&P 500
$
Equity - Growth
Westfield
Russell 1000 Growth
$
Equity - Value
Eaton Vance
Russell 1000 Value
$
Equity - Small Cap Growth
Baron
Russell 2000 Growth
$
Equity - Small Cap Value
Warrants
Goldman Sachs
Russell 2000 Value
119,023,040
60,742,618
60,535,295
26,719,473
17.74%
9.05%
9.02%
3.98%
1.97%
4.87%
13.71%
-0.26%
1.80%
5.24%
1.14%
4.95%
13.69%
-0.25%
1.81%
5.23%
1.13%
4.93%
14.55%
-1.08%
0.86%
4.68%
0.83%
7.59%
13.05%
-1.04%
1.12%
5.13%
0.88%
4.78%
11.83%
0.35%
3.06%
5.49%
-0.01%
2.88%
13.45%
0.61%
3.02%
5.10%
-0.19%
4.98%
1.92%
1.00%
-0.70%
-0.48%
-3.65%
7.03%
5.60%
2.97%
0.48%
1.72%
-6.13%
10.06%
$
159
0.00%
13.11%
0.00%
12.98%
0.00%
0.00%
0.11%
$
27,901,272
4.16%
7.27%
2.44%
1.99%
3.78%
-6.19%
8.04%
4.22%
2.73%
1.78%
2.38%
-8.58%
9.40%
3.44%
-3.57%
0.75%
5.02%
-5.20%
-3.81%
-5.84%
-0.89%
-5.69%
-4.75%
International Equity
MSCI ACWI ex US
William Blair
MSCI ACWI ex US
$
Allianz NFJ
MSCI ACWI ex US
$
NEC/Residual
$
44,114,722
42,199,820
303,998
6.57%
6.29%
0.05%
Liquid Alternatives
HFRI Fund of Funds
PIMCO AAAA
HFRI Fund of Funds
$
JH Global Absolute Return
BofA Merrill Lynch 1Mo LIBID Avg
$
Mainstay Marketfield
HFRI Fund of Funds
$
Cash
Vanguard PRIME MM
T-Bill (90 Day)
$
Total Fund
MEBT Total Fund Performance
MEBT Benchmark
$
20,104,041
22,106,244
18,620,904
3.00%
3.29%
2.78%
8,276,603
679,275,269
100.00%
-3.59%
-0.78%
-1.81%
5.22%
3.44%
-3.57%
0.61%
5.02%
-5.30%
-3.52%
0.47%
4.93%
3.44%
-3.57%
0.61%
5.02%
35.96%
-6.70%
27.91%
12.11%
8.76%
-12.82%
3.19%
0.15%
0.56%
1.54%
0.26%
0.79%
-2.45%
-3.69%
2.14%
3.97%
-3.85%
-4.47%
3.19%
0.15%
0.56%
1.54%
0.26%
0.79%
3.30%
-0.54%
-0.81%
1.09%
2.60%
0.42%
0.11%
0.01%
0.02%
0.03%
0.02%
0.03%
-12.32%
-1.28%
-2.36%
-1.71%
-5.71%
-3.62%
3.19%
0.15%
0.56%
1.54%
0.26%
0.79%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.03%
0.00%
0.01%
0.01%
0.01%
0.00%
4.59%
-0.78%
MEBT December 2014
7.24% Flash
-0.47%
from 9/1/10 thru 12/31/13 (45% Russell 3000, 15% MSCI ACWI ex US, 40% Barclays Agg.)
Report
from 1/1/14 (16% S&P 500, 24.5% Russell 3000, 13.5% ACWI ex US, 36% BC Agg, 10% HFRI Fund of Funds)
0.87%
3.46%
-1.42%
1.60%
1.62%
3.63%
-0.40%
2.24%
2

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