II *larqua22*AEsaciates
:7
Pension Fund
Village of Schaumburg Police
Pension Fund
Monthly Update
May 31,2014
-!
Total Fund Composite
Manager Status
Market Value: $97.1 Million and 100.0% of Fund
lnvestment Manager Status Report
lnvestment Manager
Asset Class
Benchmark
Status
M.D. Sass
Core Govt. Fixed lncome
M-D. Sass Custom Benchmark
ln Compliance
Mitchell, Vaught & Taylor
Core Govt. Fixed lncome
Mitchell Custom Benchmark
ln Compliance
Segall Bryant & Hamill
lnt- Fixed lncome
Barclays lnt GoWCredit
In Compliance
Vanguard Total Stock Market
All-Cap Core
Wilshire 5000 Total Market
ln Compliance
Wells Capital
Mid-Cap GroWh
Russell MidCap Growth
ln Compliance
Dearborn Partners
Small-Cap Value
Russell 2000 Value
AIert
Thornburg
Non-U.S. Large-Cap Core
MSCI ACW ex USA
ln Compliance
Templeton
Non-U.S. Small-Cap Value
MSCI World ex USA Small Cap
ln Compliance
Vanguard
Emerging Markets
FTSE Emerging Markets
ln Compliance
PIMCO
GTM
Barclays U.S. 1-10 YR. TIPS
In Compliance
Pnncipal
Core Real Estate
NFI
In Compliance
lnvestment Manager Evaluation Terminology
lnvestment Committee of the Plan
ln Compliance
-
The rnvestmenl manager states it is acting in accordance with lhe lnvestment Policy Guidelines.
management style or key investment professionals, andlor any other irregularities.
Termination
-
The Trustees have decided to terminate the investmenl manager. The investment manager is notified and transition plans are in place.
Reason
Organizational lssues
Total Fund Composite
Market Value: $97.1 Million and 100.0% of Fund
Ending $ltay 31,2$14
Asset Class
Total Fund Composite
lVlitchell, Vaught & Taylor
Segall Bryant & Hamill
($)
97,13',t,327
Fixed lncome Composite
M.D, Sass
Market Value
35,100,307
Core Govt. Fixed
Income
Core Govt. Fixed
lncome
lnt, Fixed lncome
U.S. Equity Composite
3 Mo Net
100.0
100.0
36.1
35.0
1,674,706
1,1
04,344
7.5
452,429
7,752,786
-5,778
8.0
AE
467,937
19,610,243
1,686,238
20.2
20,0
183,977
37,002,935
-2,311,345
38.1
38.0
93,031
OEE
25.0
527398
-955,000
7,585,679
-701,081
Dearborn Partners
Small-Cap Value
4,607,026
-655,264
1,800,556
-4,906
6,708,275
8.0
-184,827
4,7
5.0
-249,540
12.1
12.0
1M,797
0
6.9
7.0
3,1 16,581
0
an
1,975,700
-4,906
2.0
2.0
33,074
4,940,906
-26,296
5.1
5.0
84,340
GTAA
4,940,906
-to,lYo
5.0
84,340
4,769,529
0
4.9
10.0
-4,943,604
Core Real Estate
4,769,529
0
4.9
10.0
-4,943,604
3.6
0.0
3,5't7,094
lnternational Equity Composite
1
Non-U.S, Large-Cap
Core
Non-U.S. Small-Cap
Value
Emerging Markets
Global Tactical Composite
Real Estate Composite
Total Cash
0
B,O
24,810,230
Principal
($)
-5,754
Mid-Cap Growth
PIMCO
Policy Difference
7,737,279
All-Cap Core
Vanguard
Policy %
207,314
Wells Capital
Templeton
o'f
Portfolio
Vanguard Total Stock Market
Thornburg
o/o
Cash Flows ($)
3,517,094
7.8
-90,91
I
202,641
Total Fund Composite
Annualized Performance (Net of Fees)
Market Value: $97.1 Million and 100.0% of Fund
Ending May 31,2014
YTD
Total Fund Composite Benchmark
1Mo 3Mo
13% 0.7Yo
1.5% 1.7%
Fixed lncome Composite
0.8To
0.9%
0.9%
1.1%
2.2%
2.6%
1.8Yo
.0.1Yo
1.60/o
19.6%
Wilshire 5000 Total Market
2.2%
3.1%
4.5%
20.4%
lnternational Equity Composite
1.7o/o
1.4Yo
-0.5Yo
8.1o/o
15.9To 1.8Yo
1.9%
3.6%
3.8%
14.5%
1.8Yo
4.1Yo
Total Fund Composite
Fixed lncome Custom Benchmark
U.S. Equity Composite
MSCI ACWI ex USA
Global Tactical Composite
Barclays U.S.
,l-?D
YR. TIPS
Real Estate Composite
NFI
Total Cash
1.6%
1.0%
0.0%
2.0%
1
Yr
2
Yrs 3 Yrs
1.8Yo
10.2%
3.2%
10.3%
11.7% 7.2%
11.9% 7.7%
1.0%
1.4%
5.5% 5.8%
3.7% 0.5%
2.80/o
3.8T0
11.1%
0.7%
2.2%
10.1%
4 Yrs
5 Yrs
7
Yrs
10 Yrs
9.2%
9.5%
s.2%
9.6%
10.0%
5.5%
A.4Yo 2.4o/o
2.9%
3.5%
4.60h
0.9% 2.8%
3.2%
3.5%
4.8%
23.5o/o 13.2Yo
16.8%
18.6%
5.5%
23.9% 14.7%
17.6%
18.7%
5.8%
8.9%
8.6%
10.5%
10.5%
20.0% 4.6%
8.2%
.0.7Yo
1.1%
7.8%
-0.2% 2.3%
3.7%
4.3% 4.9%
4.5%
10.4% 10.9%
13.0%
7.7% 1.6%
6.A%
Total Fund Composite
Calendar Performance (Net of Fees)
Market Value: $97.1 Million and 100.0% of Fund
Calendar Year
Total Fund Composite
Total Fund Composite Benchmark
Fixed Income Composite
Fixed lncome Custom Benchmark
U.S. Equity Composite
Wilshire 5000 Total Market
lnternational Equity Composite
MSCI ACWI ex USA
Global Tactical Composite
Barclays U.S. 1-10 YR. I/PS
Real Estate Composite
NFI
2013 2012 2011
15.90/0 8.9% 0.7T0
13.4% 9.9% 1.9%
.2.0% 2.5Yo 7.1%
-1.7% 3.0% 7.4%
2010 2009 2008 2007 2006 2005 2004
11.3Yo 10.8% .12.10/0 6.7% 9.5% 5.1Yo
37.8To 15.0o/o
-2.9o/o
33.1% 16.1%
1.0%
21.3% 30.8% -38.3% 3.2% 15.0% 7.4%
17.2% 28.3% -37.2% 5.6% 15.8% 6.4% 12.5%
13.9% 18.2% -14.3%
15.3% 16.8% -13.7%
11.0% 12.9% -13.9% 7.6% 10.6%
2003
5.5%
5.5% 0.9% 9.8% 7.7% 3.70/0 1.7Yo
5.5% -2.2% 12.4% 8.7% 3.5% 2.7%
11.7Yo 23.8Y0 -41.2% 11.5% 23.0Yo
31.6%
13.1o/o
11.2% 41.4% -45.5% 16.7% 26.7% 16.6% 20.9%
40.8%
0.8%
-5.6% 5.0%
s2; no; 24; 114;, 16; Ls;
8.9%
t
1;
T
1;
13.4%
13.0% 9.8%
n3;
15.0%
40.4; .1oT;
u.8; 1n;
20.2;
n.o; ffi;
Fiscal
Fiscal
Total Cash
Fiscal Year {May 1)
Fiscal
Fiscal
YTD
2014
Fiscal
Fiscal
2013 2012
8.8% 2.0%
9.8% 3.2%
1.3Y0
9.3%
Total Fund Composite Benchmark
1.5%
8.7%
Fixed lncome Composite
0.8%
0.9%
.1.2To
20.7%
15.3To
0.6%
Wilshie 5000 Total Market
1.8%
2.2%
20.5%
17.0%
lnternational Equity Composite
1.7Yo
1.9%
1.8%
1.3T0
1.6%
-4.0%
1.0%
0.0%
12.8%
Total Fund Composite
Fixed lncome Custom Benchmark
U.S. Equity Composite
MSCI ACWI ex USA
Global Tactical Composite
Barclays U.S. 1-10 YR. I/PS
Real Estate Composite
NFI
Total Cash
-0.8%
2.2% 6.8%
2.9% 7.2%
Fiscal Fiscal Fiscal
Fiscal
2011 2010 2009
2008
11.7Yo 16.9% -11.6%
11.7% 18.7% -14.3%
4.6Yo 3.8% 6.4%
8.2%
4.4% 2.2% 7.0%
9.3%
Fiscal
2007
2006
1.8Yo
8.9%
10.6%
3.4%
10.2%
10.5%
6.3%
6.8%
11.0o/o 22.1%
3.5%
-4.9%
14.5%
18.6%
5.7%
11.3Yo -13.7%
21.7o/o 34.5% -41.9%
-1.0o/
15.9%
33.7%
9.8%
14.1%
19.7% 40.4% -42.6%
3.6%
19.2%
37.6%
11.4%
n.1;
7.0%
n.B;
7.5% 8.7% -0.9%
rc.1;
-1s.0;
11.7%
.26.4; ffi;
5.9%
n.B;
7.1;
26.1;
16.4%
40.8%
0.2%
.8.5Yo
2.7%
2004
0.5%
19.7% 43.2% -32.6%
18.2% 40.5% -34.7%
-12.9%
Fiscal
2005
0.s%
n.s;
7.1; 4s;
15.1%
9.1%
a
lnvestment Manager
Annualized Performance (Net of Fees)
Market Value: $97.1 Million and 100.0% of Fund
Ending lfiay 31,2014
Total Fund Composite Benchmark
Fixed lncome Custom Benchmark
M.D. Sass
M.D. Sass Custom Benchnark
Mitchell, Vaught & Taylor
Mitchell Custom Benchmark
Segall Bryant & Hamill
0'7%
'
0;gr"
0.9%
1.1%
2.6%
1.4%
0.9% 2.8% 3.2% 3.5%
4.8%
1.2%
2.9Y0
1.6%
0.5Y0 3.1% 3.4Y0 4.0Y0
5.0%
1.2%
2.8%
1.1%
0.9%
0.9%
1
Yr
' ', t.a*' :rn:z%
3.2%
1.7%
,1,'2.2!/o
t'l'
10.3%
,,,t'
i!'i%
1.8Y0
0.3%
2.8%
1.1%
0.7Y0
0.8%
2.1Y0
0.9%
0.5%
2.3%
1.7%
1.6% 2.8% 3.4% 4.2%
4.7%
Lu6$"'','"19;Urn
23:506' llflo/i ' ':'tl$:Sf/s, ,,,',,18:*/a
5,5%
4.5%
20.4%
23.9% 14.7% 17.6% 18.7%
5.8%
24.10/o 14.8Y0 17.8%
4.3Yo
20.6y0
Wilshire 5000 Total Market
2.2%
31%
4.5%
20.4%
2.4Yo
-5.6%
-2.6Y0
16.7Y0
2.7%
-0.7%
3.3%
20.7%
-4.s%
-4.4Y0
19.2o/o
-0.7%
-0.2%
16.9%
-0.9%
0.6%
Russell 2000 Value
lnternational Equ ity Compo5itg
'
'1ii1o ':1ial: .'
.n5%,." : g,i*o
MSCI ACWI ex USA
1.9%
3.6%
3.8%
Thornburg
1.0Y0
-0.8%
-3.6Y0
1.9%
3.6%
3.8%
1.8Y0
2.2Y0
1.3%
0.6%
3.7Yo
8.3%
3.8%
8.3%
MSCI ACWI ex USA
Templeton
MSC\World ex USA SmallCap
Vanguard
FTSE Emerging Markets
Global Tactical Composite
*,80/s
..:.,,
4.7u1a
.
14.5%
5.7Y0
14.5%
,-:5;5Yo
,
1.8Y0
4.1Y0
5.5Y0
5.8%
2.0%
3.7%
0.5%
Principal
NF/
Total Cash
MarquetteAssr:c lates
1.0%
0.0%
0.7%
2.80/o
0.7%
7.2%
9.7%
1Bs; 4s; Bi;
,{.890r,..'', ,;,:$$0/6 Bfir/o -A.7%
20.0% 4.6% 10.5% 10.5% 1.1%
7.8%
13.8Y0 1.5Y0 8.4% 8.9%
20.0% 4.6% 10.5% 10.5% 1.1%
7.8%
{5.9Yo-
,, ,::.,,:
12.2%
:,.;'$,fl76
PIMCO
2;8%
8.2%
91% -1.6% 4.9% 8.5% 2.8%
3.7%
0.5%
NFI
ut;
5.8%
3.9%
3.7%
Real Estate Composite
ns; e;
6.0%
3.9%
4.2%
2.0%
1.6%
1:S% '
0.0%
20.8% 11.6Y0 17.3%
23.7% 12.8% 18.2% 20.5%
8.2%
24.3% 7.2% 14.3% 15.1; 2.1% s.0;
1.6%
IiPS
18.9%
23.9% 14.7% 17.6% 18.7%
4.4%
3.8% 15.7%
4.4% 21.7%
Barclays U.S. 1-10 YR. I/PS
Barclays U.S. 1-10 YR.
.::.::$;14l1o.:..1;2,n*...1...23afr;...::::3l5%..4.6o/.
1.2%
2.8T0
Dearborn Pa(ners
5.5%
0.7Yo
2.2Y0
Russell MidCap Growth
5.2Yo
0.9%
Vanguard Total Stock Market
Wells Capital
11.7o/o 7.2Yo 9.2Yo 9.5%
11.9% 7.7% 9.6% 10.0%
0.7Y0
Wilshire 5000 Total Market
U.S. Equity Gomposite
2
0.2% 2.8% 3.2% 3.5% 4.8%
0.0% 1.9Y0 2.6% 3.1Yo 4.2Y0 3.9%
0.2% 2.8% 3.2% 3.5% 4.8% 4.2%
0.8% 1.0%
1.8%' . .0.170
2.2% 3.1%
Barclays lnt GoWCredit
17
i
1.5%
.0;8%'
Fixed lncome Composite
Yrs 3 Yrs 4 Yrs 5 Yrs 7 Yrs '10 Yrs
3Mo
1.S/,'
Total Fund Composite
YTD
1Mo
-0.2% 2.3% 3.7% 4.3% 4.9%
02; 23; 3t;
n;
4s;
4.5%
4
s;
l , '11506
2.2%
3.8%
2.2%
10.1%
10.4% 10.9% 13.0% 7.7% 1.6%
6.0%
10.4% 10.9% 13.0% 7.7% 1.6%
6.0%
11.1Y0
10.1%
lnvestment Manager
Calendar Performance (Net of Fees)
Market Value: $97.1 Million and 100.0% of Fund
Calendar Year
2013 2012 2011 2010 2009 2008 2007 2006 2005 2004
Total Fund Composite
Total Fund Composite Benchmark
Fixed lncome Composite
Fixed lncome Custom Benchmark
M.D. Sass
M.D. Sass Custom Benchmark
Mitchell, Vaught & Taylor
Mitchell Custom Benchmark
Segall Bryant & Hamill
Barclays lnt GoflCredit
U.S. Equity Composite
Wilshire 5000 Total Market
Vanguard Total Stock Market
Wilshie 5000 Total Market
Wells Capital
Russell MidCap Grovtth
Dearborn Partners
Russell 2000 Value
lnternational Equity Composite
2003
15.9% 8.9Yo 0.7Yo 11.3o/o 10.8Yo .12.1o/o 6.7Yo g.5o/o 5.1%
13.4% 9.9% 1.9% 11.0% 12.9% -13.9% 7.6% 10.6% 5.5%
.z0To 2.5o/o tt.tii 5.5% 0.9% 9.8% 7.7yo t.lyo
-1.7% 3.0% 7.4% 5.5% -2.2% 12.4% 8.7% 3.5%
-2.3Yo 2.8Yo 8.7% 5.6% 0.9% 11.1Y0
-2.6% 2.0% 9.0% 5.5% -2.2% 12.4%
1.7yo
2.7%
7.6Y0
8.8%
-2.2Yo 2.0% 6.7% 5.5Yo 0.9% 8.6% 7 .8% 3.5y0 2.1y0 1.8y0
-2.6% 2.0% 9.0% 5.5% -2.2% 12.4% 8.7% 3.5% 1.3% 2.3%
4.2yo
2.3%
-1.7% 23%
-0.9% 3.9% 5.8% 5.9% 5.2% 5.1% 7.4% 4.1% 1.6% 3.0%
4.3%
15.0% -2.go/o 21.3f/o 30.8% .38.370 3.2% 15.0% 7.40/o
33.1% 16.1% 1.0% 17.2% 28.3% -37.2% 5.6% 15.8% 6.4% 12.5%
31.6%
33.5% 16.4Yo 1.1Y0 17.2Yo 28.8Y0 -36.9% 5.6% 15.7% 6.7%
33.1% 16.1% 1.0% 17.2% 28.3% -37.2% 5.6% 15.8% 6.4% 12.5%
31.6%
37.8Yo
40.9Y0 15.6Y0
-5.5Y0
35.7% 15.8% -1.7% 26.4% 46.3% -44.3% 11.4% 10.7% 12.1% 15.5%
42.7%
54.7%
34.5% 18.0% -5.5% 24.5% 20.6% -28.9% -9.8% 23.5% 4.7% 22.2%
il.g,t, la.z% .14.3v0 11.7yo 2r.go/o
.41.2yo 'r'r.so/o z3.o%
46.0%
13.1%
MSCI ACWI ex USA
15.3% 16.8% -13.7% 11.2% 41.4% -45.5% 16.7% 26.7% 16.6% 20.9%
40.8%
Thornburg
15.8Y0 15.8Y0 -12.9Y0 14.1Y0 32.0Y0
15.3% 16.8% -13.7% 11.2% 41.4% -45.5% 16.7%
267% 16.6% 20.9%
40.8%
25.6% 17.5% -15.8% 24.5% 50.8% -48.0% 3.3% 19.5% 25.0% 29.4%
61.8%
MSCI ACWI ex USA
Templeton
MSC\World ex USA SmallCap
Vanguard
FTSE Emerging Markets
22.2%
-5.0%
-3.5% 17.9% -19.0% 19.8% 82.6% -52.9% 39.7% 33.1% 35.1% 27.9%
54.0%
-5.6% 5.0% 8.9% 5.2% 12.0% -2.4% 11.4% 1.6% 1.9% 71%
7.1%
Global Tactical Composite
Barclays U.S. 1-10 YR. I/PS
PIMCO
Barclays U.S. 1-10 YR. I/PS
Real Estate Composite
0.8%
-5.6% 5.0% 8.9% 5.2% 12.0% -2.4% 11.4% 1.6% 1.9% 7.1%
13A%
NFI
13.0% 9.8% 15.0% 15.3% -30.4% -10.7% 14.8%
Principal
13.4Y0
NFI
Total Cash
7.1%
13.0% 9.8% 15.0% 15.3% -30.4% -10.7% 14.8%
15
3% 20.2% 12.0% 8.3%
15
3% 20.2% 12.0%
8.3%
t
n
t
Total Fund Composite
Fee Schedule
l
L
L
L
Market Value: $97.1 Million and 1 00.0% of Fund
Expense Ratio &
Asset Class
lnvestment Manager
Fee Schedule
Core Gov| Fixed lncome
M.D. Sass
0.30% on all assets
Estimated Annual Feet
0.30%
0_270h
$23,212
Core Govt. Fixed lncome
Mjtchell, Vaught & Taylor
0.30%
0.30% on all assels
0.274
$23,258
L
L
lndustry
Average
lnl. Fixed lncome
Segall Bryant& Hamill
0.2544
0.25olo on all assets
0.3204
$49,026
L
All-Cap Core
LL-
Mid-Cap Growth
vanguard Tolal stock fi/arkel
0.06%
0.060/0 on all assets
s14,886
Wells Capitai
0.80%
0.80o/o on all assets
0.78%
$60,68s
Small-Cap Vaiue
Deafiom Paftners
0.80o/o
0.80% on all assets
0.95Yo
$Jb.65b
L
Non-U.S. Large-Cap Core
Thombue
0.920/0 on all
assels
0.92Y0
1.04Yo
$61,r16
t_
Non-U.S. Small-Cap Value
Templeton
0.95%
0.95% on all assets
1.160/,
s29,608
iEmerging Markels
Vanguard
0.20Yo
0.20% on all assets
1 00Vo
$3,951
GTAq
PIMCO
0.8970
0.89% on all assets
0.75%
$43,974
Core Real Estate
Principal
1.10% on the first $10 million
1.10%
million
$52,465
1.0070 on the next $15
1 030t"
0.95% on the next $75 million
0.80% on the Balance
0.41%
Total lnrreskneot ilanagement Fees
0.5096
$3s9,638
lnvestmentconsultant
MarquefteAssociates, lnc
$34,000 Annual Fee
$34,000
NIA
Custodian
Fifth Third Bank
0.030/0 on all assets
$27.173
NIA
Toial Fund
0.17%
$460,eI1
1
2
Expense Ratio & Estimated Annual Fee are Based on Market Value at Month End
Source.2010 MarquetteAssociates lnvestment Management Fee Sfudy.
rI
17 Marq*etteAs:*ciates
2
© Copyright 2024 ExpyDoc
