ALAN BILLER AND ASSOCIATES
|
|
- Arthur Craig
- 5 years ago
- Views:
Transcription
1 ALAN BILLER AND ASSOCIATES 535 MIDDLEFIELD ROAD SUITE 230 MENLO PARK, CA telephone facsimile San Francisco Electrical Workers Retirement Savings Plan Investment Performance Report Through June 30, 2011
2
3 TABLE OF CONTENTS Section 1 Style Map Analysis... 1 Section 2 Investment Synopsis... 5 Section 3 Index Report... 9 Section 4 Fund Analyses Section 5 Investment Policy Statement... 71
4
5 Section 1 Style Map Analysis Alan Biller and Associates 1
6
7 Defined Contribution Style Map EQUITY VALUE BLEND GROWTH Large Cap Dodge & Cox Stock (DODGX) Fidelity Spartan 500 Index (FUSEX) * Fidelity Growth Company (FDGRX) Mid Cap Fidelity Spartan Extended Market Index (FSEMX) Fidelity Mid Cap Stock (FMCSX) Small Cap Fidelity Small Cap Stock (FSLCX) International Dodge & Cox International Stock (DODFX) Fidelity Diversified International (FDIVX) FIXED INCOME SHORT DURATION INTERMEDIATE DURATION LONG DURATION Core High Yield Fidelity US Bond Index (FBIDX) PIMCO Total Return (PTTRX) Vanguard Inflation-Protected (VIPSX) CASH & CASH EQUIVALENTS Cash & Cash Equivalents Fidelity Retirement Money Market (FRTXX) BALANCED CONSERVATIVE MODERATE *** AGGRESSIVE Static Target SFEW Trustee-Directed Fund ** Target-Date Funds Dodge & Cox Balanced (DODBX) Fidelity Balanced (FBALX) 2015 AND PRIOR 2020 TO AND BEYOND Fidelity Freedom Income (FFFAX) Fidelity Freedom 2000 (FFFBX) Fidelity Freedom 2005 (FFFVX) Fidelity Freedom 2010 (FFFCX) Fidelity Freedom 2015 (FFVFX) Fidelity Freedom 2020 (FFFDX) Fidelity Freedom 2025 (FFTWX) Fidelity Freedom 2030 (FFFEX) Fidelity Freedom 2035 (FFTHX) * Fidelity merged FSMKX into FUSEX on 01/22/2010. ** The Plan's default investment option. Determined to fit the conservative risk category by Alan Biller and Associates based on the significant allocation to fixed income. *** Determined to fit in the moderate risk category by Morningstar. Fidelity Freedom 2040 (FFFFX) Fidelity Freedom 2045 (FFFGX) Fidelity Freedom 2050 (FFFHX) San Francisco Electrical Workers Retirement Savings Plan as of 06/30/2011 Alan Biller and Associates 3
8
9 Section 2 Investment Synopsis Alan Biller and Associates 5
10
11 INVESTMENT SYNOPSIS Investment Option EQUITY Lage Cap Value Date Added # of Participants % of Participants Balance % of Total Balance Dodge & Cox Stock (DODGX) 7/1/ % $ 5,329, % 0.52% Lage Cap Blend Fidelity Spartan 500 Index (FUSEX) 7/1/ % $ 1,245, % 0.10% Actions Comments Page ON WATCH (Q3'08) ON WATCH (Q2'11) Fails 5 year criterion. The fund is on watch primarily due to poor performance in Fails 1 year criterion. The fund underperformed benchmark by 0.1 bp more than the expense ratio. Lage Cap Growth Fidelity Growth Company (FDGRX) 7/1/ % $ 4,028, % 0.89% 20 Mid Cap Blend Fidelity Spartan Extended Market Index (FSEMX) 7/1/ % $ 979, % 0.10% 23 Mid Cap Growth Fidelity Mid Cap Stock (FMCSX) 5/1/ % $ 1,090, % 0.61% Fails both 3 and 5 year criteria. The fund is on watch primarily due to poor performance in 2008, as well as poor stock ON WATCH selection in Q1'11 (Consumer Discretionary, (Q2'10) Materials, and Industrials). Additionally, the lead 24 portfolio manager has been on the job less than 1 year. Small Cap Blend Fidelity Small Cap Stock (FSLCX) 5/1/ % $ 881, % 1.13% 26 International Value Dodge & Cox International Stock (DODFX) 11/1/ % $ 1,242, % 0.65% 28 International Growth Fidelity Diversified International (FDIVX) 5/1/ % $ 2,091, % 0.98% FIXED INCOME Core Intermediate Duration ON WATCH (Q2'10) Fails both 3 and 5 year criteria. The fund underperformed benchmark in Q2'11 due to poor stock selection (Canada and emerging markets). Performance for the 5 year horizon, however, remains only slightly below benchmark. Fidelity US Bond Index (FBIDX) 7/1/ % $ 3,494, % 0.22% 33 PIMCO Total Return (PTTRX) 5/13/ % $ 1,358, % 0.46% 34 Vanguard Inflation-Protected (VIPSX) 5/13/ % $ 291, % 0.22% 36 CASH & CASH EQUIVALENTS Fidelity Ret. Money Market (FRTXX) 7/1/ % $ 4,263, % 0.42% San Francisco Electrical Workers Retirement Savings Plan as of 06/30/2011 Alan Biller and Associates 7
12 INVESTMENT SYNOPSIS Investment Option Date Added # of Participants % of Participants Balance BALANCED Static Target Conservative SFEW Trustee-Directed Fund * 1/2/2007 * 2, % 229,544,195 Static Target Moderate % of Total Balance Dodge & Cox Balanced (DODBX) 7/1/ % $ 2,937, % 0.53% Actions Comments Page $ 86.05% 0.35% 40 ON WATCH (Q2'08) Fails 5 year criterion. Q1'11 performance was excellent; however, the fund is on watch due to poor performance in 2007 and Fidelity Balanced (FBALX) 7/1/ % $ 800, % 0.62% 44 Target-Date 2015 and Prior Fidelity Freedom Income (FFFAX) 7/1/ % $ 270, % 0.46% 46 Fidelity Freedom 2000 (FFFBX) 7/1/ % $ 88, % 0.47% 48 Fidelity Freedom 2005 (FFFVX) 5/1/ % $ 83, % 0.58% 50 Fidelity Freedom 2010 (FFFCX) 7/1/ % $ 639, % 0.62% 52 Fidelity Freedom 2015 (FFVFX) 5/1/ % $ 1,315, % 0.63% 54 Target-Date 2020 to 2035 Fidelity Freedom 2020 (FFFDX) 7/1/ % $ 1,419, % 0.69% 56 Fidelity Freedom 2025 (FFTWX) 5/1/ % $ 1,186, % 0.73% 58 Fidelity Freedom 2030 (FFFEX) 7/1/ % $ 1,353, % 0.75% 60 Fidelity Freedom 2035 (FFTHX) 5/1/ % $ 644, % 0.77% ON WATCH (Q2'11) Fails 3 year criterion. A slight overweight to equity in Q2'11 resulted in underperforming benchmark. Target-Date 2040 and Beyond Fidelity Freedom 2040 (FFFFX) 7/1/ % $ 178, % 0.78% 64 Fidelity Freedom 2045 (FFFGX) 1/2/ % $ 3, % 0.79% 66 Fidelity Freedom 2050 (FFFHX) 1/2/ % $ 5, % 0.80% Fails 3 year criterion. ON WATCH A slight overweight to equity in Q2'11 resulted in (Q2'11) underperforming benchmark. 68 GRAND TOTAL 2,485 $ 266,765, % * The Trustee-Directed Fund is the Plan's default investment option. This option existed many years prior to 2007 outside of Fidelity San Francisco Electrical Workers Retirement Savings Plan as of 06/30/2011 Alan Biller and Associates 8
13 Section 3 Index Report Alan Biller and Associates 9
14
15 Index Performance Report r As of June 30, 2011 Last Last3 Last Last3 Last5 Last7 Last10 YTD Month Months Year Years Years Years Years EquityIndices S&P Russell Russell1000Value Russell1000Growth RussellMidCap Russell Russell MSCIEAFE(net) MSCIEmergingMarkets(net) MSCIWorldHalfHedged MSCIACWorldIndexexUSA S&P/TSXCompositeTR FixedIncomeIndices BCAggregateBond BCIntGov't/Credit BCHYCorp.Bond BCTreasuryBond BCTIPS CitigroupWGBIHalfHedged CitigroupTBill:3Month DEXUniverse RealEstateIndices NCREIFProperty* NA NFIODCE** NA MSCIREIT AlternativeIndices DJUBSUSCommodityIndexTR HFRHFoF:Diversified NCREIFTimberland* NA NCREIFFarmland* NA **Returndataavailableonlyquarterly.ReturnsareestimatedbasedonNFIODCEpreliminarysecondquarter2011resultswith86%netassetsreporting. *Returndataavailableonlyquarterly. Alan Biller and Associates 11
16
17 Section 4 Fund Analyses Alan Biller and Associates 13
18
19 THIS PAGE WAS INTENTIONALLY LEFT BLANK Alan Biller and Associates 15
20 Dodge & Cox Stock (DODGX) Summary Information US Equity Style Map (Jan 04 - Jun 11 ) Reporting Period Benchmark Universe Morningstar Rating Lead Portfolio Manager (Tenure) Investment Strategy Status Total Return - Calendar Years Total Return - Trailing Periods Mos 6 Mos 1 Yr 3 Yrs 5 Yrs 7 Yrs Alan Biller and Associates 16
21 Dodge & Cox Stock (DODGX) Total Return vs. Standard Deviation (Jan 04 - Jun 11 ) Information Ratio - Trailing Periods Total Return (Universe Rank) Standard Deviation (Inverse Universe Rank) Information Ratio (Universe Rank) & Significance Level 3 Yrs 5 Yrs 7 Yrs Total Return - Monthly (Jan 10 - Jun 11 ) Rolling 24-month Excess Return (Jan 05 - Jun 11 ) Alan Biller and Associates 17
22 THIS PAGE WAS INTENTIONALLY LEFT BLANK Alan Biller and Associates 18
23 Fidelity Spartan 500 Index Inv (FUSEX) Summary Information US Equity Style Map (Jan 04 - Jun 11 ) Reporting Period Benchmark Universe Morningstar Rating Lead Portfolio Manager (Tenure) Investment Strategy Status Total Return - Calendar Years Total Return - Trailing Periods Mos 6 Mos 1 Yr 3 Yrs 5 Yrs 7 Yrs Alan Biller and Associates 19
24 Fidelity Growth Company (FDGRX) Summary Information US Equity Style Map (Jan 04 - Jun 11 ) Reporting Period Benchmark Universe Morningstar Rating Lead Portfolio Manager (Tenure) Investment Strategy Status Total Return - Calendar Years Total Return - Trailing Periods 3 Mos 6 Mos 1 Yr 3 Yrs 5 Yrs 7 Yrs Alan Biller and Associates 20
25 Fidelity Growth Company (FDGRX) Total Return vs. Standard Deviation (Jan 04 - Jun 11 ) Information Ratio - Trailing Periods Total Return (Universe Rank) Standard Deviation (Inverse Universe Rank) Information Ratio (Universe Rank) & Significance Level 3 Yrs 5 Yrs 7 Yrs Total Return - Monthly (Jan 10 - Jun 11 ) Rolling 24-month Excess Return (Jan 05 - Jun 11 ) Alan Biller and Associates 21
26 THIS PAGE WAS INTENTIONALLY LEFT BLANK Alan Biller and Associates 22
27 Fidelity Spartan Extended Mkt Index Inv (FSEMX) Summary Information US Equity Style Map (Jan 04 - Jun 11 ) Reporting Period Benchmark Universe Morningstar Rating Lead Portfolio Manager (Tenure) Investment Strategy Status Total Return - Calendar Years Total Return - Trailing Periods Mos 6 Mos 1 Yr 3 Yrs 5 Yrs 7 Yrs Alan Biller and Associates 23
28 Fidelity Mid-Cap Stock (FMCSX) Summary Information US Equity Style Map (Jan 04 - Jun 11 ) Reporting Period Benchmark Universe Morningstar Rating Lead Portfolio Manager (Tenure) Investment Strategy Status Total Return - Calendar Years Total Return - Trailing Periods Mos 6 Mos 1 Yr 3 Yrs 5 Yrs 7 Yrs Alan Biller and Associates 24
29 Fidelity Mid-Cap Stock (FMCSX) Total Return vs. Standard Deviation (Jan 04 - Jun 11 ) Information Ratio - Trailing Periods Total Return (Universe Rank) Standard Deviation (Inverse Universe Rank) Information Ratio (Universe Rank) & Significance Level 3 Yrs 5 Yrs 7 Yrs Total Return - Monthly (Jan 10 - Jun 11 ) Rolling 24-month Excess Return (Jan 05 - Jun 11 ) Alan Biller and Associates 25
30 Fidelity Small Cap Stock (FSLCX) Summary Information US Equity Style Map (Jan 04 - Jun 11 ) Reporting Period Benchmark Universe Morningstar Rating Lead Portfolio Manager (Tenure) Investment Strategy Status Total Return - Calendar Years Total Return - Trailing Periods Mos 6 Mos 1 Yr 3 Yrs 5 Yrs 7 Yrs Alan Biller and Associates 26
31 Fidelity Small Cap Stock (FSLCX) Total Return vs. Standard Deviation (Jan 04 - Jun 11 ) Information Ratio - Trailing Periods Total Return (Universe Rank) Standard Deviation (Inverse Universe Rank) Information Ratio (Universe Rank) & Significance Level 3 Yrs 5 Yrs 7 Yrs Total Return - Monthly (Jan 10 - Jun 11 ) Rolling 24-month Excess Return (Jan 05 - Jun 11 ) Alan Biller and Associates 27
32 Dodge & Cox International Stock (DODFX) Summary Information Int'l Equity Style Map (Jan 04 - Jun 11 ) Reporting Period Benchmark Universe Morningstar Rating Total Return - Calendar Years Lead Portfolio Manager (Tenure) Investment Strategy Status Total Return - Trailing Periods Mos 6 Mos 1 Yr 3 Yrs 5 Yrs 7 Yrs Alan Biller and Associates 28
33 Dodge & Cox International Stock (DODFX) Total Return vs. Standard Deviation (Jan 04 - Jun 11 ) Information Ratio - Trailing Periods Total Return (Universe Rank) Standard Deviation (Inverse Universe Rank) Information Ratio (Universe Rank) & Significance Level 3 Yrs 5 Yrs 7 Yrs Total Return - Monthly (Jan 10 - Jun 11 ) Rolling 24-month Excess Return (Jan 05 - Jun 11 ) Alan Biller and Associates 29
34 Fidelity Diversified International (FDIVX) Summary Information Int'l Equity Style Map (Jan 04 - Jun 11 ) Reporting Period Benchmark Universe Morningstar Rating Lead Portfolio Manager (Tenure) Investment Strategy Status Total Return - Calendar Years Total Return - Trailing Periods Mos 6 Mos 1 Yr 3 Yrs 5 Yrs 7 Yrs Alan Biller and Associates 30
35 Fidelity Diversified International (FDIVX) Total Return vs. Standard Deviation (Jan 04 - Jun 11 ) Information Ratio - Trailing Periods Total Return (Universe Rank) Standard Deviation (Inverse Universe Rank) Information Ratio (Universe Rank) & Significance Level 3 Yrs 5 Yrs 7 Yrs Total Return - Monthly (Jan 10 - Jun 11 ) Rolling 24-month Excess Return (Jan 05 - Jun 11 ) Alan Biller and Associates 31
36 THIS PAGE WAS INTENTIONALLY LEFT BLANK Alan Biller and Associates 32
37 Fidelity U.S. Bond Index (FBIDX) Summary Information US FI Style Map (Jan 04 - Jun 11 ) Reporting Period Benchmark Universe Morningstar Rating Lead Portfolio Manager (Tenure) Investment Strategy Status Total Return - Calendar Years Total Return - Trailing Periods Mos 6 Mos 1 Yr 3 Yrs 5 Yrs 7 Yrs Alan Biller and Associates 33
38 PIMCO Total Return (PTTRX) Summary Information US FI Style Map (Jan 04 - Jun 11 ) Reporting Period Benchmark Universe Morningstar Rating Lead Portfolio Manager (Tenure) Investment Strategy Status Total Return - Calendar Years Total Return - Trailing Periods Mos 6 Mos 1 Yr 3 Yrs 5 Yrs 7 Yrs Alan Biller and Associates 34
39 PIMCO Total Return (PTTRX) Total Return vs. Standard Deviation (Jan 04 - Jun 11 ) Information Ratio - Trailing Periods Total Return (Universe Rank) Standard Deviation (Inverse Universe Rank) Information Ratio (Universe Rank) & Significance Level 3 Yrs 5 Yrs 7 Yrs Total Return - Monthly (Jan 10 - Jun 11 ) Rolling 24-month Excess Return (Jan 05 - Jun 11 ) Alan Biller and Associates 35
40 Vanguard Inflation-Protected (VIPSX) Summary Information US FI Style Map (Jan 04 - Jun 11 ) Reporting Period Benchmark Universe Morningstar Rating Lead Portfolio Manager (Tenure) Investment Strategy Status Total Return - Calendar Years Total Return - Trailing Periods Mos 6 Mos 1 Yr 3 Yrs 5 Yrs 7 Yrs Alan Biller and Associates 36
41 Vanguard Inflation-Protected (VIPSX) Total Return vs. Standard Deviation (Jan 04 - Jun 11 ) Information Ratio - Trailing Periods Total Return (Universe Rank) Standard Deviation (Inverse Universe Rank) Information Ratio (Universe Rank) & Significance Level 3 Yrs 5 Yrs 7 Yrs Total Return - Monthly (Jan 10 - Jun 11 ) Rolling 24-month Excess Return (Jan 05 - Jun 11 ) Alan Biller and Associates 37
42 THIS PAGE WAS INTENTIONALLY LEFT BLANK Alan Biller and Associates 38
43 Fidelity Retirement Money Market (FRTXX) Summary Info rmation Reporting Period Benchmark Lead Portfolio Manager (Tenure) Investment Strategy Cumulative Performance Total Return - Calendar Years Total Return - Trailing Periods Total Return Total Return 3 Mos 6 Mos 1 Yr 3 Yrs 5 Yrs 7 Yrs Alan Biller and Associates 39
44 SFEW Trustee-Directed Summary Information Asset Allocation Reporting Period Benchmark Universe Total Return - Calendar Years Lead Portfolio Manager (Tenure) Investment Strategy Status Actual Allocation Target Allocation Lower Bound Upper Bound Equity 35% 30% 0% 38% Fixed Income 58% 65% 56% 96% Cash 3% - subtotal 95% 95% Commodity 5% 5% 4% 6% Total 100% 100% Total Return - Trailing Periods Mos 6 Mos 1 Yr 3 Yrs 5 Yrs 7 Yrs * As of 10/01/10 = 30% S&P 500, 65% BC US Agg, 5% DJ-UBS Commodity. As of 01/01/09 = 35% S&P 500, 65% BC Gov/Credit Int. Bond. Prior to 01/01/09 = 30% S&P 500, 70% BC Gov/Credit Intermediate Bond. Alan Biller and Associates 40
45 SFEW Trustee-Directed Total Return vs. Standard Deviation (Jan 04 - Jun 11 ) Information Ratio - Trailing Periods Total Return (Universe Rank) Standard Deviation (Inverse Universe Rank) Information Ratio (Universe Rank) & Significance Level 3 Yrs 5 Yrs 7 Yrs Total Return - Monthly (Jan 10 - Jun 11 ) Rolling 24-month Excess Return (Jan 05 - Jun 11 ) * As of 10/01/10 = 30% S&P 500, 65% BC US Agg, 5% DJ-UBS Commodity. As of 01/01/09 = 35% S&P 500, 65% BC Gov/Credit Int. Bond. Prior to 01/01/09 = 30% S&P 500, 70% BC Gov/Credit Intermediate Bond. Alan Biller and Associates 41
46 Dodge & Cox Balanced (DODBX) Summary Information US Balanced Style Map (Jan 04 - Jun 11 ) Reporting Period Benchmark Universe Morningstar Rating Lead Portfolio Manager (Tenure) Investment Strategy Status Total Return - Calendar Years Total Return - Trailing Periods Mos 6 Mos 1 Yr 3 Yrs 5 Yrs 7 Yrs *Policy Benchmark = 60% S&P 500, 40% BC Agg Alan Biller and Associates 42
47 Dodge & Cox Balanced (DODBX) Total Return vs. Standard Deviation (Jan 04 - Jun 11 ) Information Ratio - Trailing Periods Total Return (Universe Rank) Standard Deviation (Inverse Universe Rank) Information Ratio (Universe Rank) & Significance Level 3 Yrs 5 Yrs 7 Yrs Total Return - Monthly (Jan 10 - Jun 11 ) *Policy Benchmark = 60% S&P 500, 40% BC Agg Rolling 24-month Excess Return (Jan 05 - Jun 11 ) Alan Biller and Associates 43
48 Fidelity Balanced (FBALX) Summary Information US Balanced Style Map (Jan 04 - Jun 11 ) Reporting Period Benchmark Universe Morningstar Rating Lead Portfolio Manager (Tenure) Investment Strategy Status Total Return - Calendar Years Total Return - Trailing Periods Mos 6 Mos 1 Yr 3 Yrs 5 Yrs 7 Yrs *Policy Benchmark = 60% S&P 500, 40% BC Agg Alan Biller and Associates 44
49 Fidelity Balanced (FBALX) Total Return vs. Standard Deviation (Jan 04 - Jun 11 ) Information Ratio - Trailing Periods Total Return (Universe Rank) Standard Deviation (Inverse Universe Rank) Information Ratio (Universe Rank) & Significance Level 3 Yrs 5 Yrs 7 Yrs Total Return - Monthly (Jan 10 - Jun 11 ) Rolling 24-month Excess Return (Jan 05 - Jun 11 ) *Policy Benchmark = 60% S&P 500, 40% BC Agg Alan Biller and Associates 45
50 Fidelity Freedom Income (FFFAX) Summary Information Life Strategy Style Map (Jan 04 - Jun 11 ) Reporting Period Benchmark Universe Morningstar Rating Lead Portfolio Manager (Tenure) Investment Strategy Status Total Return - Calendar Years Total Return - Trailing Periods Mos 6 Mos 1 Yr 3 Yrs 5 Yrs 7 Yrs Alan Biller and Associates 46
51 Fidelity Freedom Income (FFFAX) Total Return vs. Standard Deviation (Jan 04 - Jun 11 ) Information Ratio - Trailing Periods Total Return (Universe Rank) Standard Deviation (Inverse Universe Rank) Information Ratio (Universe Rank) & Significance Level 3 Yrs 5 Yrs 7 Yrs Total Return - Monthly (Jan 10 - Jun 11 ) Rolling 24-month Excess Return (Jan 05 - Jun 11 ) Alan Biller and Associates 47
52 Fidelity Freedom 2000 (FFFBX) Summary Information Life Strategy Style Map (Jan 04 - Jun 11 ) Reporting Period Benchmark Universe Morningstar Rating Lead Portfolio Manager (Tenure) Investment Strategy Status Total Return - Calendar Years Total Return - Trailing Periods Mos 6 Mos 1 Yr 3 Yrs 5 Yrs 7 Yrs Alan Biller and Associates 48
53 Fidelity Freedom 2000 (FFFBX) Total Return vs. Standard Deviation (Jan 04 - Jun 11 ) Information Ratio - Trailing Periods Total Return (Universe Rank) Standard Deviation (Inverse Universe Rank) Information Ratio (Universe Rank) & Significance Level 3 Yrs 5 Yrs 7 Yrs Total Return - Monthly (Jan 10 - Jun 11 ) Rolling 24-month Excess Return (Jan 05 - Jun 11 ) Alan Biller and Associates 49
54 Fidelity Freedom 2005 (FFFVX) Summary Information Life Strategy Style Map (Jan 04 - Jun 11 ) Reporting Period Benchmark Universe Morningstar Rating Lead Portfolio Manager (Tenure) Investment Strategy Status Total Return - Calendar Years Total Return - Trailing Periods Mos 6 Mos 1 Yr 3 Yrs 5 Yrs 7 Yrs Alan Biller and Associates 50
55 Fidelity Freedom 2005 (FFFVX) Total Return vs. Standard Deviation (Jan 04 - Jun 11 ) Information Ratio - Trailing Periods Total Return (Universe Rank) Standard Deviation (Inverse Universe Rank) Information Ratio (Universe Rank) & Significance Level 3 Yrs 5 Yrs 7 Yrs Total Return - Monthly (Jan 10 - Jun 11 ) Rolling 24-month Excess Return (Nov 05 - Jun 11 ) Alan Biller and Associates 51
56 Fidelity Freedom 2010 (FFFCX) Summary Information Life Strategy Style Map (Jan 04 - Jun 11 ) Reporting Period Benchmark Universe Morningstar Rating Lead Portfolio Manager (Tenure) Investment Strategy Status Total Return - Calendar Years Total Return - Trailing Periods Mos 6 Mos 1 Yr 3 Yrs 5 Yrs 7 Yrs Alan Biller and Associates 52
57 Fidelity Freedom 2010 (FFFCX) Total Return vs. Standard Deviation (Jan 04 - Jun 11 ) Information Ratio - Trailing Periods Total Return (Universe Rank) Standard Deviation (Inverse Universe Rank) Information Ratio (Universe Rank) & Significance Level 3 Yrs 5 Yrs 7 Yrs Total Return - Monthly (Jan 10 - Jun 11 ) Rolling 24-month Excess Return (Jan 05 - Jun 11 ) Alan Biller and Associates 53
58 Fidelity Freedom 2015 (FFVFX) Summary Information Life Strategy Style Map (Jan 04 - Jun 11 ) Reporting Period Benchmark Universe Morningstar Rating Lead Portfolio Manager (Tenure) Investment Strategy Status Total Return - Calendar Years Total Return - Trailing Periods Mos 6 Mos 1 Yr 3 Yrs 5 Yrs 7 Yrs Alan Biller and Associates 54
59 Fidelity Freedom 2015 (FFVFX) Total Return vs. Standard Deviation (Jan 04 - Jun 11 ) Information Ratio - Trailing Periods Total Return (Universe Rank) Standard Deviation (Inverse Universe Rank) Information Ratio (Universe Rank) & Significance Level 3 Yrs 5 Yrs 7 Yrs Total Return - Monthly (Jan 10 - Jun 11 ) Rolling 24-month Excess Return (Nov 05 - Jun 11 ) Alan Biller and Associates 55
60 Fidelity Freedom 2020 (FFFDX) Summary Information Life Strategy Style Map (Jan 04 - Jun 11 ) Reporting Period Benchmark Universe Morningstar Rating Lead Portfolio Manager (Tenure) Investment Strategy Status Total Return - Calendar Years Total Return - Trailing Periods Mos 6 Mos 1 Yr 3 Yrs 5 Yrs 7 Yrs Alan Biller and Associates 56
61 Fidelity Freedom 2020 (FFFDX) Total Return vs. Standard Deviation (Jan 04 - Jun 11 ) Information Ratio - Trailing Periods Total Return (Universe Rank) Standard Deviation (Inverse Universe Rank) Information Ratio (Universe Rank) & Significance Level 3 Yrs 5 Yrs 7 Yrs Total Return - Monthly (Jan 10 - Jun 11 ) Rolling 24-month Excess Return (Jan 05 - Jun 11 ) Alan Biller and Associates 57
62 Fidelity Freedom 2025 (FFTWX) Summary Information Life Strategy Style Map (Jan 04 - Jun 11 ) Reporting Period Benchmark Universe Morningstar Rating Lead Portfolio Manager (Tenure) Investment Strategy Status Total Return - Calendar Years Total Return - Trailing Periods Mos 6 Mos 1 Yr 3 Yrs 5 Yrs 7 Yrs Alan Biller and Associates 58
63 Fidelity Freedom 2025 (FFTWX) Total Return vs. Standard Deviation (Jan 04 - Jun 11 ) Information Ratio - Trailing Periods Total Return (Universe Rank) Standard Deviation (Inverse Universe Rank) Information Ratio (Universe Rank) & Significance Level 3 Yrs 5 Yrs 7 Yrs Total Return - Monthly (Jan 10 - Jun 11 ) Rolling 24-month Excess Return (Nov 05 - Jun 11 ) Alan Biller and Associates 59
64 Fidelity Freedom 2030 (FFFEX) Summary Information Life Strategy Style Map (Jan 04 - Jun 11 ) Reporting Period Benchmark Universe Morningstar Rating Lead Portfolio Manager (Tenure) Investment Strategy Status Total Return - Calendar Years Total Return - Trailing Periods Mos 6 Mos 1 Yr 3 Yrs 5 Yrs 7 Yrs Alan Biller and Associates 60
65 Fidelity Freedom 2030 (FFFEX) Total Return vs. Standard Deviation (Jan 04 - Jun 11 ) Information Ratio - Trailing Periods Total Return (Universe Rank) Standard Deviation (Inverse Universe Rank) Information Ratio (Universe Rank) & Significance Level 3 Yrs 5 Yrs 7 Yrs Total Return - Monthly (Jan 10 - Jun 11 ) Rolling 24-month Excess Return (Jan 05 - Jun 11 ) Alan Biller and Associates 61
66 Fidelity Freedom 2035 (FFTHX) Summary Information Life Strategy Style Map (Jan 04 - Jun 11 ) Reporting Period Benchmark Universe Morningstar Rating Lead Portfolio Manager (Tenure) Investment Strategy Status Total Return - Calendar Years Total Return - Trailing Periods Mos 6 Mos 1 Yr 3 Yrs 5 Yrs 7 Yrs Alan Biller and Associates 62
67 Fidelity Freedom 2035 (FFTHX) Total Return vs. Standard Deviation (Jan 04 - Jun 11 ) Information Ratio - Trailing Periods Total Return (Universe Rank) Standard Deviation (Inverse Universe Rank) Information Ratio (Universe Rank) & Significance Level 3 Yrs 5 Yrs 7 Yrs Total Return - Monthly (Jan 10 - Jun 11 ) Rolling 24-month Excess Return (Nov 05 - Jun 11 ) Alan Biller and Associates 63
68 Fidelity Freedom 2040 (FFFFX) Summary Information Life Strategy Style Map (Jan 04 - Jun 11 ) Reporting Period Benchmark Universe Morningstar Rating Lead Portfolio Manager (Tenure) Investment Strategy Status Total Return - Calendar Years Total Return - Trailing Periods Mos 6 Mos 1 Yr 3 Yrs 5 Yrs 7 Yrs Alan Biller and Associates 64
69 Fidelity Freedom 2040 (FFFFX) Total Return vs. Standard Deviation (Jan 04 - Jun 11 ) Information Ratio - Trailing Periods Total Return (Universe Rank) Standard Deviation (Inverse Universe Rank) Information Ratio (Universe Rank) & Significance Level 3 Yrs 5 Yrs 7 Yrs Total Return - Monthly (Jan 10 - Jun 11 ) Rolling 24-month Excess Return (Jan 05 - Jun 11 ) Alan Biller and Associates 65
70 Fidelity Freedom 2045 (FFFGX) Summary Information Life Strategy Style Map (Jul 06 - Jun 11 ) Reporting Period Benchmark Universe Morningstar Rating Lead Portfolio Manager (Tenure) Investment Strategy Status Total Return - Calendar Years Total Return - Trailing Periods Mos 6 Mos 1 Yr 3 Yrs 5 Yrs Alan Biller and Associates 66
71 Fidelity Freedom 2045 (FFFGX) Total Return vs. Standard Deviation (Jul 06 - Jun 11 ) Information Ratio - Trailing Periods Total Return (Universe Rank) Standard Deviation (Inverse Universe Rank) Information Ratio (Universe Rank) & Significance Level 3 Yrs 5 Yrs Total Return - Monthly (Jan 10 - Jun 11 ) Rolling 24-month Excess Return (Jun 08 - Jun 11 ) Alan Biller and Associates 67
72 Fidelity Freedom 2050 (FFFHX) Summary Information Life Strategy Style Map (Jul 06 - Jun 11 ) Reporting Period Benchmark Universe Morningstar Rating Lead Portfolio Manager (Tenure) Investment Strategy Status Total Return - Calendar Years Total Return - Trailing Periods Mos 6 Mos 1 Yr 3 Yrs 5 Yrs Alan Biller and Associates 68
73 Fidelity Freedom 2050 (FFFHX) Total Return vs. Standard Deviation (Jul 06 - Jun 11 ) Information Ratio - Trailing Periods Total Return (Universe Rank) Standard Deviation (Inverse Universe Rank) Information Ratio (Universe Rank) & Significance Level 3 Yrs 5 Yrs Total Return - Monthly (Jan 10 - Jun 11 ) Rolling 24-month Excess Return (Jun 08 - Jun 11 ) Alan Biller and Associates 69
74
75 Section 5 Investment Policy Statement Alan Biller and Associates 71
76
77 Alan Biller and Associates 73
78 Alan Biller and Associates 74
79 Alan Biller and Associates 75
80 Alan Biller and Associates 76
81 Alan Biller and Associates 77
82 Alan Biller and Associates 78
83 Alan Biller and Associates 79
84 Alan Biller and Associates 80
85 Alan Biller and Associates 81
86 Alan Biller and Associates 82
87 Alan Biller and Associates 83
88 Alan Biller and Associates 84
89 Alan Biller and Associates 85
90 Alan Biller and Associates 86
91 Alan Biller and Associates 87
Optional Retirement Program Performance Report As of June 30, 2014 Maryland State Retirement and Pension System
Money Market Ratio FDRXX Fidelity Cash Reserves NA 0.37% 0.37% 0.01 0.01 0.01 0.02 0.05 N/A TIAA-CREF Money Market Account 0.005% 0.390% 0.395% 0.00 0.00 0.00 0.00 0.00 Citigroup 3-month Treasury Bill
More informationThe Queen s Health Systems 403(b) Retirement Savings Plan Investment Options Guide
The Queen s Health Systems 403(b) Retirement Savings Plan Investment Options Guide As described in The Queen s Health Systems Transition Guide, after your Plan s transition to Fidelity is complete, your
More informationLOAD FORWARD NEW TARGET DATED FUND 12/20/2011 TICKER 10 YR RETURN INDEX RATIO AVE RATING FUND FEE RATING
OLD TARGET DATED FUND 12/20/2011 TICKER 10 YR RETURN INDEX RATIO AVE RATING FUND FEE RATING Fidelity Freedom 2000 Fund FFFBX 3.75 6.01 0.47 0.6 4 NA Fidelity Freedom 2005 Fund FFFVX 1.95 (5 YR) 2.85 0.58
More informationSpectrum of Investment Options
Spectrum of Investment Options A guide to the investment options available to you through the Kentucky Public Employees Deferred Compensation (KDC) Plans Kentucky Public Employees Deferred Compensation
More informationBeth Israel Deaconess Medical Center 401(k) Retirement Plan. Start investing in yourself today, with help from BIDMC 401(k) Plan and Fidelity.
Beth Israel Deaconess Medical Center 401(k) Retirement Plan Start investing in yourself today, with help from BIDMC 401(k) Plan and Fidelity. Invest some of what you earn today for what you plan to accomplish
More informationAnnouncing Lower-Cost Funds with share class changes and the addition of Fidelity Freedom K Funds in Early May 2012
March, 2012 Announcing Lower-Cost Funds with share class changes and the addition of Fidelity Freedom K Funds in Early May 2012 Dear County of Sacramento 401(a) and Deferred Compensation Plan Participant:
More informationNorth Carolina Supplemental Retirement Plans. Performance Review First Quarter 2017
North Carolina Supplemental Retirement Plans Performance Review First Quarter 2017 Asset Allocation Summary Current Asset Allocation As of March 31, 2017 Prior Period Asset Allocation As of December 31,
More informationTHE QUEEN S S HEALTH SYST THE QUEEN. The Queen s Health Systems 401(k) and 403(b) Retirement Plans PLAN. Your FUTURE. Your TRANSITION GUIDE
THE QUEEN S HEALTH SYSTEMS THE S EM QUEEN S HEALTH SYST The Queen s Health Systems 401(k) and 403(b) Retirement Plans Your PLAN Your FUTURE TRANSITION GUIDE Guiding you through exciting Plan changes ahead
More informationBOARD OF VISITORS OF THE COLLEGE OF WILLIAM AND MARY IN VIRGINIA
BOARD OF VISITORS OF THE COLLEGE OF WILLIAM AND MARY IN VIRGINIA COMMITTEE MEETINGS Board Rooms - Blow Memorial Hall April 17-19, 2013 INVESTMENTS SUBCOMMITTEE of the COMMITTEE ON FINANCIAL AFFAIRS
More informationFIDUCIARY ROLES AND RESPONSIBILITIES. An Overview for Committee Members
FIDUCIARY ROLES AND RESPONSIBILITIES An Overview for Committee Members 1 WORDS OF WISDOM This seminar is not legal advice. Only your counsel can give you legal advice. Good results may keep you out of
More informationCompare Your Options. What is Colorado PERA? What Plans Does PERA Offer?
Compare Your Options As a new Colorado community college employee, you may select from two types of retirement plans offered by Colorado PERA. Whether you are comfortable investing for your retirement
More information457 Deferred Compensation Plan
457 Deferred Compensation Plan Third Quarter Plan Executive Summary October 31, Kristin Finney-Cooke, CAIA Senior Consultant Kristen Jackson, CFA Senior Analyst Metropolitan St. Louis Sewer District Deferred
More informationComputer Task Group, Inc. 401(k) Retirement Plan TRANSITION GUIDE. Helping you build a reliable plan for your future.
Computer Task Group, Inc. 401(k) Retirement Plan TRANSITION GUIDE Helping you build a reliable plan for your future. Computer Task Group, Inc. 401(k) Retirement Plan No matter where you are in your journey,
More informationSAMPLE. MPI Plan Analyzer. Report created on July 25, 2013 All data contained is as of June 28, 2013 unless otherwise noted.
Retirement Advisor Tools MPI Plan Analyzer Report created on July 25, 2013 All data contained is as of June 28, 2013 unless otherwise noted Insert logo here Insert logo here Prepared For ABC Retirement
More informationFundAdvisor. Building diversified portfolios of high-quality mutual funds
FundAdvisor Building diversified portfolios of high-quality mutual funds One James Center 901 East Cary Street, Suite 1100 Richmond, VA 23219 (888) 285-1863 Davenport & Company LLC Member NYSE l FINRA
More informationRetirement Plan Quarterly Investment Review Summary
Retirement Plan Quarterly Investment Review Summary Prepared for: Plan Name: Quarter Ending: Pepperdine University Retirement Plan December 31, 2008 Table of Contents Introduction: Asset Allocation by
More informationTEL FAX cookstreetconsulting.com
TEL 303.333.7770 1.800.318.7770 FAX 303.333.7771 cookstreetconsulting.com Contents 1 Market Review 2 Plan Overview 3 Investment Due Diligence Appendix Appendix 3 1 Market Review 5 Q2 2017 Economic Review
More informationPresentation Materials
Fairfax County Public Schools Second Quarter 2017 Presentation Materials Visit the Aon Hewitt Retirement and Investment Blog (http://retirementandinvestmentblog.aon.com); sharing our best thinking. Contact
More informationPerformance Supplement. The IBM 401(k) Plus Plan Investment Results
Performance Supplement The IBM 401(k) Plus Plan Investment Results Listed below is the annualized performance of the Primary investment options available through the IBM 401(k) Plus Plan for the period
More informationGRAND VALLEY STATE UNIVERSITY 403(B)/ 457(B) PLANS Investment Fund Enhancements
GRAND VALLEY STATE UNIVERSITY 403(B)/ 457(B) PLANS Investment Fund Enhancements BACKGROUND Overview of the work the GVSU Retirement Plan Investment Committee has been doing to bring our GVSU 403(b) and
More informationLarge Cap Growth Equity Fund... Benchmark
Release Date: 12-31-2013 Large Cap Growth Equity Fund... Benchmark Morningstar Category Russell 1000 Growth Index Large Growth Investment Objective & Strategy This Fund seeks long-term capital appreciation
More informationJUPITER POLICE OFFICER'S RETIREMENT FUND INVESTMENT PERFORMANCE PERIOD ENDING SEPTEMBER 30, 2008
JUPITER POLICE OFFICER'S RETIREMENT FUND INVESTMENT PERFORMANCE PERIOD ENDING SEPTEMBER 30, 2008 NOTE: For a free copy of Part II (mailed w/i 5 bus. days from request receipt) of Burgess Chambers and Associates,
More informationErie County All Funds
Erie County All Funds Historical Performance Results for Period Ending 06/30/2016 Average Annual Total Returns Allocation--15 to 30 Equity Fidelity Asset Manager 20 FASIX 2.00 3.75 2.52 3.95 3.86 4.38
More informationInvestment Policy Statement
Investment Policy Statement Prepared on: February 04, 2013 Prepared for: Sample Personal Trust 567 Main Street Pittsburgh PA 15222 Executive Summary Client Name: Sample Personal Trust Client Type: Personal
More informationInvestment Policies and Objectives. of the
Investment Policies and Objectives of the Lower Colorado River Authority 401(k) Plan And the Lower Colorado River Authority Deferred Compensation Plan Effective as of August 17, 2015 The Lower Colorado
More informationF U N D E V A L U A T I O N R E P O R T
F U N D E V A L U A T I O N R E P O R T Santa Barbara Foundation Performance Update M E K E T A I N V E S T M E N T G R O U P BOSTON MASSACHUSETTS CHICAGO ILLINOIS MIAMI FLORIDA PORTLAND OREGON SAN DIEGO
More informationTotal Returns % Total Returns %
FIDELITY INVESTMENTS PERFORMANCE REPORT MUTUAL FUNDS P E R F O R M A N C E U P D A T E AS OF SEPTEMBER 30, 2008 UNDERSTANDING INVESTMENT PERFORMANCE As you review this update, please remember that the
More informationUBS DONOR-ADVISED FUND PERSONALIZED MUTUAL FUND OPTION PERFORMANCE PERIODS ENDING SEPTEMBER 30, 2017
UBS DONOR-ADVISED FUND PERSONALIZED MUTUAL FUND OPTION PERFORMANCE PERIODS ENDING SEPTEMBER 30, 2017 UBS Select Treasury Institutional* ** UBS Select Government Institutional+ Metropolitan West Total Return
More informationBenchmarking Analysis
Benchmarking Analysis Prepared for: XYZ Corp Plan Name: XYZ Corp 401k Plan Month Ending: November 30, 2016 Prepared By: George Washington AAA Wealth Management, Inc. 1600 Pennsylvania Ave NW Washington,
More informationDiocesan Investment Fund EXECUTIVE SUMMARY AS OF MARCH 31, 2018
Diocesan Investment Fund EXECUTIVE SUMMARY AS OF MARCH 31, 2018 PORTFOLIO RESULTS The Diocesan Investment Fund (DIF) employs a diversified asset allocation consistent with its long term investment horizon.
More informationInvestment Performance for INEOS RETIREMENT SAVINGS PLAN
Investment Performance for INEOS RETIREMENT SAVINGS PLAN 6-14398 Investment results shown represent historical performance and do not guarantee future results. Investment returns and principal values fluctuate
More informationPresentation Materials
Fairfax County Public Schools Third Quarter 2017 Presentation Materials Visit the Aon Hewitt Retirement and Investment Blog (http://retirementandinvestmentblog.aon.com); sharing our best thinking. Contact
More informationState Universities Retirement System of Illinois (SURS) Investment Update
State Universities Retirement System of Illinois (SURS) Investment Update December 2017 Volume 28, Issue 6 c\ Investment Update March 12, 2018 Volume 28, Issue 6 www.surs.org December Quarter Fiscal 1
More informationIBM 401(k) Plus Plan. Individual Fund Flyer Conservative Fund
IBM 401(k) Plus Plan Individual Fund Flyer Conservative Fund This investment option is a unitized fund and not a mutual fund and as such is not registered with the Securities Exchange Commission (SEC).
More informationMorningstar Direct SM U.S. Open-End Asset Flows Update
August 2014 Data through July 31 Morningstar Direct SM U.S. Open-End Asset Flows Update U.S. Open-End Funds Continue to Shift From U.S. Equity to Taxable Bonds by Alina Tarlea, Sr. Markets Research Analyst
More informationCalifornia Dentists' Guild
1. California Dentists' Guild Blake Thibault 180 Howard Street, Suite 200 San Francisco, CA 94105 415-808-1359 blaket@heffgroup.com Data as of Mar 31, 2017 Prepared on Apr 25, 2017 2. Table of Contents
More informationYOUR GUIDE TO GETTING STARTED
Rady Children's Hospital San Diego 403(b) Plan Invest in your retirement and yourself today, with help from the Rady Children's Hospital 403(b) Plan and Fidelity. YOUR GUIDE TO GETTING STARTED Invest some
More informationPacific Mutual Door Company Partnership 401k Profit Sharing Plan
Pacific Mutual Door Company Partnership 401k Profit Sharing Plan 1 Plan Highlights 3 Plan Highlights 4 Plan Highlights 5 Plan Highlights 6 Plan Highlights 7 Plan Highlights 8 1.866.909.5148 3400 College
More informationMANAGED PORTFOLIO SERVICE
MANAGED PORTFOLIO SERVICE Cautious May 218 The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. Any specific investments
More informationplan investment review performance summary
CASH AND EQUIVALENTS - MONEY MARKET Vanguard Federal Money Market Investor 0.54% 1.78% 0.81% 0.30% 0.04% 0.01% 0.02% 1.78% 0.96% 0.59% 0.34% ICE BofA ML US Treasury Bill 3 Mon USD 0.56% 1.87% 0.86% 0.33%
More informationConservative Risk Fund
Release Date: 09-30-2018 Conservative Risk Fund... Morningstar Category Blended Allocation--30% to 50% Equity Investment Information Investment Strategy The Conservative Risk Fund invests in a combination
More informationReplacement Investment Options Chart:
Fund information, including investment objectives, risk and return characteristics, as well as fees and other expenses, for each existing investment option under the Plan is made available to you with
More informationState Universities Retirement System of Illinois
State Universities Retirement System of Illinois Serving Illinois Community Colleges and Universities 1901 Fox Drive Champaign, IL 61820-7333 (217) 378-8800 (217) 378-9802 (FAX) Investment Department To:
More informationBenchmarking Target-Date Funds: Art or Science?
Benchmarking Target-Date Funds: Art or Science? Jeremy Stempien Director of Investments Morningstar Investment Management Chicago, Illinois 2013 Morningstar. All Rights Reserved. These materials are for
More informationInvestment Policy Statement
Investment Policy Statement Prepared on: July 30, 2014 Prepared for: ABC Corporation 401(k) Plan Executive Summary Client Name: Client Type: Retirement Plans - Participant Directed Client Subtype: Corporate
More informationState of North Carolina N O V E M B E R 1 5,
State of North Carolina N O V E M B E R 1 5, 2 0 1 7 S T A T E O F N O R T H C A R O L I N A T A B L E O F C O N T E N T S SECTION I: SECTION II: SECTION III: Galliard Capital Management Firm Update State
More informationExhibit 39. To: Investment Committee From: Lou Ann Fillingham, CPA Date: November 19, 2009 Re: Fidelity Annual Review
To: Investment Committee From: Lou Ann Fillingham, CPA Date: November 19, 2009 Re: Fidelity Annual Review Background Fidelity Investments has been a Self-Managed Plan (SMP) provider for more than six years,
More information... Overview Resource B Variable Annuity Investment Options
Overview Document Summary This document includes important information that may help you compare the different investment options (if available) under your retirement plan. For additional information about
More informationPALM TRAN, INC./ATU LOCAL 1577 PENSION FUND INVESTMENT PERFORMANCE PERIOD ENDING MARCH 31, 2011
PALM TRAN, INC./ATU LOCAL 1577 PENSION FUND INVESTMENT PERFORMANCE PERIOD ENDING MARCH 31, 2011 NOTE: For a free copy of Part II (mailed w/i 5 bus. days from request receipt) of Burgess Chambers and Associates,
More informationEndowment Funds Performance (Year ending March 31st, 2012)
Endowment Funds Performance (Year ending March 31st, 2012) Investment Management Committee Meeting June 20 th, 2012 (Note: all returns and values are expressed in Canadian Dollars- CAD s) 1 $ M Endowmwent
More informationCity of LA 457 Plan Plan Structure Review
June 15, 2010 City of LA 457 Plan Plan Structure Review Susan Dalton, Los Angeles www.mercer.com Proposed Investment Structure Contents Overview Proposed Investment Structure Mid Cap Equity Appendix 1
More informationGeneric Age Appropriate Portfolios Recommendation good only until: 7/10/11
Web: www.emarotta.com E-mail: info@emarotta.com Business & Fax: (434) 244-0000 Generic Age Appropriate Portfolios Recommendation good only until: 7/10/11 Symbol Age: 25 30 35 40 45 50 55 60 65 Short Money
More informationUniversity of Southern California Hospital 401(k) Retirement Plan
Participant Disclosure Notice University of Southern California Hospital 401(k) Retirement Plan IMPORTANT PLAN AND INVESTMENT- RELATED INFORMATION, INCLUDING THE PLAN S INVESTMENT OPTIONS, PERFORMANCE
More informationplan investment review performance summary
CASH AND EQUIVALENTS - MONEY MARKET CREF Money Market R2 0.28% 0.49% 0.44% 0.06% 0.00% 0.00% 0.00% 0.79% 0.33% 0.20% 0.22% Vanguard Federal Money Market 0.42% 0.75% 0.81% 0.30% 0.04% 0.01% 0.02% 1.26%
More informationAdditional series available. Morningstar TM Rating. Funds in category 363. Fixed income % of fixed income allocation
Sun Life BlackRock Canadian Balanced Fund Investment objective Series A $12.4584 Net asset value per security (NAVPS) as of August 20, 2018 $0.0128 0.10% Benchmark Blended benchmark Fund category Canadian
More informationCallan Associates Inc. Investment Measurement Service Quarterly Review City of Milwaukee Employees Retirement System March 31, 2011
Callan Associates Inc. Investment Measurement Service Quarterly Review March 31, 2011 The following report was prepared by Callan Associates Inc. ("CAI") using information from sources that include the
More informationFINAL INVESTMENT POLICY STATEMENT (IPS) FOR FLORIDA MEMORIAL UNIVERSITY, INC.
FINAL INVESTMENT POLICY STATEMENT (IPS) FOR FLORIDA MEMORIAL UNIVERSITY, INC. Policy Compliance The Investment Policy Statement that follows is pursuant to the enactment of the Florida Uniform Prudent
More informationFund Flows Monthly Market Summary: US Open-end ex MM ex FoF
Morningstar Direct SM Release Date: 2009-12-09 Page 1 of 5 1-Mo YTD 1 Large Blend (1,970) (2,653) 5,504 6,545 899 13.31 683 13.74 5.28 25.10 2 Large Growth (2,686) (6,585) (19,790) (23,500) 728 10.77 567
More informationDefined Contribution Performance Evaluation
Fourth Quarter 2010 Defined Contribution Performance Evaluation City of Los Angeles City of Los Angeles Deferred Compensation Plan All services provided by Mercer Investment Consulting, Inc. Contents Market
More informationProvider Proposal Analysis
Provider Proposal Analysis Sample 401(k) Plan RFP Prepared By: Joe Advisor 6900 College Blvd Ste 930 Overland Park, KS 66211 11/20/15 Securities offered through LPL Financial, Member FINRA/SIPC For Plan
More informationTIAA-CREF Lifecycle Index 2010 Fund
TIAA-CREF Lifecycle Index 2010 Institutional Class (TLTIX) As of 12/31/17 Portfolio Strategies The Lifecycle Index 2010 seeks high total return over time through a combination of capital appreciation and
More informationACE USA Employee Retirement Savings Plans
ACE USA Employee Retirement Savings Plans Annual Fee Disclosure Statement Important Information About Your Investment Options, Fees, and Other Expenses as of June 2014 ACE USA Employee Retirement 401(k)
More informationGannon University Defined Contribution Plans
Gannon University Defined Contribution Plans Mapping Recommendations February 4, 2014 Presented by Tom Coughlin (412) 394-3294 Introduction The Pension Protection Act established mapping guidelines for
More informationERISA 404 Retirement Plan and Investment Information
TRUEBLUE, INC. 401(K) PLAN ERISA 404 Retirement Plan and Investment Information 08/10/2012 Contract/Plan ID Number 8-03406 This document uses these defined words and phrases: Plan means TRUEBLUE, INC.
More informationPerformance Report. September 30, 2015
Performance Report September 30, 2015 About ASC Trust Corporation ASC Trust Corporation is the leader of retirement plan management in Micronesia. With a team of over 60,in three locations throughout the
More informationUCRP and GEP Quarterly Investment Risk Report
UCRP and GEP Quarterly Investment Risk Report Quarter ending June 2011 Committee on Investments/ Investment Advisory Group September 14, 2011 Contents UCRP Asset allocation history 5 17 What are the fund
More informationSCERA Investment Summary Periods Ending 06/30/2017
SCERA Investment Summary Periods Ending 06/30/2017 June Overall return of 0.3% / 7 basis points under the Plan Target Policy Index Equity returns (R3000 +0.9%, EAFE -0.2%, EMG MKTS +1.0%) Real Estate (NCREIF
More informationCWA SAVINGS & RETIREMENT TRUST (THE "PLAN") IMPORTANT NOTICE
CWA SAVINGS & RETIREMENT TRUST (THE "PLAN") IMPORTANT NOTICE March 2017 Plan and Investment-Related Information Including Investment Option Performance History, Fees and Expenses The following information
More informationYour Plan Highlights. Investment Option Descriptions. LifePath Portfolios. International Stock Funds. Small-Cap Stock Funds. Mid-Cap Stock Funds
Your Plan Highlights Investment Option Descriptions Investing involves market risk, including possible loss of principal, and there is no guarantee that investment objectives will be achieved. LifePath
More informationAdditional series available. Morningstar TM Rating. Funds in category. Equity style Market cap %
Sun Life BlackRock Canadian Equity Fund Series A $13.5549 Net asset value per security (NAVPS) as of January 04, 2018 $0.0452 0.33% Benchmark S&P/TSX Capped Composite Index Fund category Canadian Focused
More informationsaving : investing : planning
saving : investing : planning Dear Valued Oregon Public Universities Retirement Program Participant, Enhancements are coming to the Oregon Public Universities Retirement Program (OPURP). Effective January
More informationMorningstar Direct SM U.S. Open-end Asset Flows Update
August 2012 Data through July 31 Morningstar Direct SM U.S. Open-end Asset Flows Update U.S. Open-End Funds Also inside: Extended tables... 3 Taxable Bond Funds continue to Rule the Roost by Kevin McDevitt,
More informationYOUR GUIDE TO GETTING STARTED
University of Colorado Hospital Authority 401(a) Investment Account, 403(b) Matching Account, and the 457(b) Deferred Compensation Plan Invest in your retirement and yourself today, with help from the
More informationQuarterly Investment Review
Fairfax County Public Schools Second Quarter 206 Quarterly Investment Review Visit the Aon Hewitt Retirement and Investment Blog (http://retirementandinvestmentblog.aon.com); sharing our best thinking.
More informationPerformance and Manager Review First Quarter 2011
The University of Western Ontario Pension Plan Performance and Manager Review First Quarter 2011 May 19th, 2011 Presented by: Bruce Curwood, MBA, CFA, CIMA, Acc. Dir. Director, Investment Strategy Capital
More informationMorningstar Direct SM Asset Flows Commentary: United States
Morningstar Direct SM Asset Flows Commentary: United States Morningstar Research 18 January 218 Data through. 31, U.S. Mutual Funds and Exchange- Traded Products Alina Lamy Senior Analyst Quantitative
More informationPARTICIPANT FEE DISCLOSURE STATEMENT Amerisafe, Inc. 401(k) Plan ("Plan") November 30, 2015
PARTICIPANT FEE DISCLOSURE STATEMENT Amerisafe, Inc. 401(k) Plan ("Plan") November 30, 2015 This Disclosure Statement is provided by your employer to explain the costs associated with participating in
More informationAdditional series available. Morningstar TM Rating - Funds in category. Equity style Market cap %
Sun Life Excel New India Leaders Fund Series A Additional series available Note: On June 18, 2018, the Excel New India Leaders Fund changed its name to the Sun Life Excel New India Leaders Fund. $5.7880
More informationMorningstar Direct SM U.S. Asset Flows Update
? Morningstar Direct SM U.S. Asset Flows Update Morningstar Manager Research 17 November 2014 Data through Oct. 31 U.S. Mutual Funds and Exchange- Traded Products Alina Tarlea Senior Analyst Markets Research
More informationAdditional series available. Morningstar TM Rating - Funds in category. Equity style Market cap % Micro 0.2. as of October 31, 2018
Sun Life Excel India Fund Series A Additional series available Note: On June 18, 2018, the Excel India Fund changed its name to the Sun Life Excel India Fund. $35.1566 CAD Net asset value per security
More informationNVIT Investor Destinations Funds
NVIT Investor Destinations Funds Nationwide VIT Quarterly Asset class: Allocation Share class Class II Strategy Overview The NVIT Investor Destinations Funds (NVIT ID Funds) consist of seven risk-based
More informationManager Comparison Report June 28, Report Created on: July 25, 2013
Manager Comparison Report June 28, 213 Report Created on: July 25, 213 Page 1 of 14 Performance Evaluation Manager Performance Growth of $1 Cumulative Performance & Monthly s 3748 3578 348 3238 368 2898
More informationInvestment Option Performance
Investment Option Performance Data as of: 8/1/2018 The investment funds in this Investment Option Performance Report reflect the investment options currently offered under your plan. MassMutual has not
More informationPALM TRAN / A.T.U. LOCAL 1577 PENSION FUND
INVESTMENT PERFORMANCE EVALUATION For the Quarter Ended Decmber 31, 2006 Presented on February 22, 2007 NOTE: For a free copy of Part II of Burgess Chambers and Associates, Inc.'s most recent Form ADV
More informationFidelity Investments The Vanguard Group, Inc. TIAA-CREF
2014 THE UNIVERSITY OF NOTRE DAME maintains the UNIVERSITY OF NOTRE DAME 403(B) RETIREMENT PLAN (the "Plan"). This brochure contains important information that will help you become better informed about
More informationPERFORMANCE Funded by a Group Variable Funding Agreement
PERFORMANCE PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Total return includes capital appreciation (depreciation), realized gains (losses), plus dividend or interest income. The investment return
More informationDeferred Compensation Plan
Deferred Compensation Plan E M P L O Y E E S E R V I C E S A G E N C Y EMPLOYEE BENEFITS A S S E R V I N G I T Y Y O U Y O U S E R V E O U R C O M M U N County of Santa Clara, Employee Services Agency
More informationBOYNTON BEACH POLICE PENSION FUND INVESTMENT PERFORMANCE PERIOD ENDING MARCH 31, 2011
BOYNTON BEACH POLICE PENSION FUND INVESTMENT PERFORMANCE PERIOD ENDING MARCH 31, 2011 NOTE: For a free copy of Part II (mailed w/i 5 bus. days from request receipt) of Burgess Chambers and Associates,
More informationAdditional series available. Morningstar TM Rating. Funds in category. Equity style Market cap % Giant 71.7 Large 20.3 Medium 8.0 Small 0.0 Micro 0.
Sun Life Excel China Fund Series A Additional series available Note: On June 18, 2018, the Excel China Fund changed its name to the Sun Life Excel China Fund. $3.6904 CAD Net asset value per security (NAVPS)
More informationAdditional series available. Morningstar TM Rating - Funds in category. Fixed income % of fixed income allocation
Sun Life Excel India Balanced Fund Series A Additional series available Note: On June 18, 2018, the Excel India Balanced Fund changed its name to the Sun Life Excel India Balanced Fund. $5.7621 CAD Net
More informationFUND LIST. INVESTMENT STRATEGY, GOALS, and OBJECTIVES
CLS, LLC ( CLS ) is a registered investment adviser offering investment management strategies for clients who wish to utilize our services. Each investment strategy gives us discretion to provide continuous
More informationMorningstar Direct SM U.S. Open-End Asset Flows Update
November 2013 Data through Oct. 31 U.S. Open-End Funds Also inside: Extended tables... 5 Morningstar Direct SM U.S. Open-End Asset Flows Update A Rising Tide Lifts Active Equity Flows by Michael Rawson,
More informationYour Guide to Getting Started
County of Sacramento 401(a) Plan Invest in your retirement and yourself today, with help from the County of Sacramento 401(a) Plan and Fidelity. Your Guide to Getting Started Frequently asked questions
More informationLane Transit District Salaried Employees Retirement Plan Trust. Period Ended: September 30, 2018
Lane Transit District Salaried Employees Retirement Plan Trust Period Ended: September 30, 2018 a 1 Capital Markets Review Page 3 2 Total Portfolio Page 3 Investment Manager Profiles Page 38 4 Addendum
More informationfi360 Tools: The fi360 Fiduciary Score Methodology for Mutual Funds and Exchange-Traded Funds Updated July 13, 2009
fi360 Tools: The fi360 Fiduciary Score Methodology for Mutual Funds and Exchange-Traded Funds Updated July 13, 2009 What is the fi360 Fiduciary Score? 2 Peer Groups and Share Classes 2 Calculating the
More informationYOUR GUIDE TO GETTING STARTED
Albert Einstein College of Medicine, Inc. 403(b) Retirement Income Plan Invest in your retirement and yourself today, with help from the Einstein Retirement Plan and Fidelity. YOUR GUIDE TO GETTING STARTED
More informationI-1 Investment Performance Summary Quarter Ended March 2013
I-1 Investment Performance Summary Quarter Ended March 213 Committee on Investments/ Investment Advisory Group May 21, 213 Contents Significant Events and Results Market Overview Performance Asset Allocation
More informationMorningstar Direct SM U.S. Asset Flows Update
? Morningstar Direct SM U.S. Asset Flows Update Morningstar Manager Research 16 July 2015 Data through June 30, 2015 U.S. Mutual Funds and Exchange- Traded Products Alina Lamy Senior Analyst Markets Research
More informationDefined Contribution Performance Evaluation
City of Los Angeles City of Los Angeles Deferred Compensation Plan Defined Contribution Performance Evaluation First Quarter 2012 Services provided by Mercer Investments Contents Quarter in Review...1
More information404a-5 Plan & Investment Notice
404a-5 Plan & Investment Notice Saving for retirement is an important part of your financial planning. And your company-sponsored retirement plan with John Hancock is a convenient way to help you save
More information