POLICE & FIREFIGHTERS RETIREMENT SYSTEM

Transcription

1 POLICE & FIREFIGHTERS RETIREMENT SYSTEM CUSTODIAL REPORT FOR THE MONTH ENDING, 2012 PRESENTED BY: Felecia Ryans DISCLAIMER: This communication is for general informational purposes only and is not intended to constitute legal, accounting, or tax advice or a recommended course of action in any given situation. This communication is not intended to be, and should not be, relied upon by the recipient in making decisions of a legal, accounting, or tax nature with respect to the issues discussed herein. Any recipient of this communication is encouraged to consult an independent legal, accounting or tax advisor before making any decisions or taking any action concerning the matters in this communication. Comerica Bank does not warrant and is not responsible for errors or omissions in the content of this communication.

2 ASSET ALLOCATION For the Month Ending November 30, 2012 Retirement System Account Allocation Renaissance Wells Capital 6% Lord Abbett & Co. 1 NB Alternatives 1% Main 0% Munder 12% Munder - Other Assets 1% Standish Mellon 13% RBC Global Mid Cap 6% Cornerstone 11% Ironwood 3% UBP 3% Invesco Sands 11% Pine Grove 3% Invesco Core Main Munder Lord Abbett & Co. Standish Mellon Sands MV % MV % MV % MV % MV % Cash Equivalents 104, % 3,262, % 402, % 4,396, % 108, % Fixed Income % 20,137, % % 25,606, % % Equities % % 28,613, % % 20,406, % Net Invested Assets 104, % 23,400, % 29,015, % 30,003, % 20,514, % Accruals (Income/Trades) 1.01 % 215, % -113, % -5,519, % 7, % Total 104, % 23,615, % 28,902, % 24,483, % 20,521, % Invesco Core Invesco Real Estate UBP Ironwood Pine Grove MV % MV % MV % MV % MV % Cash Equivalents 364, % % % % % Fixed Income % 9,603, % % % % Equities 10,179, % % 5,454, % 5,572, % 6,468, % Net Invested Assets 10,544, % 9,603, % 5,454, % 5,572, % 6,468, % Accruals (Income/Trades) -16, % % % % % Total 10,527, % 9,603, % 5,454, % 5,572, % 6,468, % Cornerstone RBC Global Mid Cap Wells Capital Renaissance Munder - Other Assets MV % MV % MV % MV % MV % Cash Equivalents 705, % 60, % 36, % 61, % 340, % Fixed Income % % % % 2,351, % Equities 19,410, ,567, % 10,579, % 10,252, % % Net Invested Assets 20,116, % 10,627, % 10,615, % 10,313, % 2,692, % Accruals (Income/Trades) 114, % 77, % 50, % 7, % 26, % Total 20,230, % 10,704, % 10,666, % 10,321, % 2,718, % NB Alternatives Totals MV % MV % Cash Equivalents % 9,844, % Fixed Income % 57,699, % Equities 1,560, % 129,064, % Net Invested Assets 1,560, % 196,608, % Accruals (Income/Trades) % -5,150, % Total 1,560, % 191,457, % Retirement System Asset Allocation Accruals -4% Cash Equivalents Equities 64% Fixed Income 29%

3 TOP 10 HOLDINGS For the Month Ending November 30, 2012 TOTAL MAIN INVESCO CORE REAL ESTATE USA LLC $9,603, % PINE GROVE INSTITUTIONAL PARTNERS LP $6,427, % IRONWOOD INSTITUTIONAL LTD CLASS A3 S $5,572, % SELECTINVEST INSTITUTIONAL ARV LTD SE $5,454, UNITED STATES TREAS BILLS 0% 12/06/2012 $4,190, % APPLE INC $2,551, % GOOGLE INC CL A $2,294, % UNITED STATES TREAS BILLS 0% 01/31/2013 $2,288, % UNITED STATES TREASURY.12 07/31/20 $1,746, % UNITED STATES TREASURY DTD 01/31/2011 $1,706, % RBC U.S. GOVT MMF $9,844, % RBC U.S. GOVT MMF $104, % MUNDER LORD ABBETT & CO UNITED STATES TREAS BILLS 0% 01/31/2013 $2,044, % EXXON MOBIL CORPORATION $923, % UNITED STATES TREAS BDS /15/20 $643, % BERKSHIRE HATHAWAY CL B $735, FEDERAL NATL MTG ASSN GTD MTG PA POO $642, % CAPITAL ONE FINL CORP $705, % FEDERAL NATL MTG ASSN GTD MTG PA POO $608, % THERMO FISHER SCIENTIFIC INC $672, % FEDERAL HOME LN MTG CORP PARTN C GR $536, % CITIGROUP INC $616, % FEDERAL NATL MTG ASSN POOL # $482, % LILLY ELI & CO $603, % FEDERAL NATL MTG ASSN GTD MTG POOL N $453, % CELGENE CORP $578, % FEDERAL NATL MTG ASSN GTD MTG POOL N $435, VERIZON COMMUNICATIONS $546, % FEDERAL HOME LN MTG CORP PARTN C GR $376, % AT&T INC $544, % NCUA GTD NTS TR 2010-C1 CMO 2.9% 10/29/ $347, % JPMORGAN CHASE & CO $526, % RBC U.S. GOVT MMF $3,262, % RBC U.S. GOVT MMF $402, % STANDISH MELLON SANDS UNITED STATES TREAS BILLS 0% 12/06/2012 $4,190, % APPLE INC $1,741, % UNITED STATES TREASURY.12 07/31/20 $1,746, % VISA INC CL A $1,616, % UNITED STATES TREASURY DTD 01/31/2011 $1,706, % AMAZON COM INC $1,613, % UNITED STATES TREASURY.62 12/31/20 $1,450, % GOOGLE INC CL A $1,466, UNITED STATES TREAS BDS /15/20 $904, % SALESFORCE.COM INC $1,371, % UNITED STATES TREASURY /31/20 $682, % ALLERGAN INC $890, % FEDERAL NATL MTG ASSN.87 12/20/2017 $548, % QUALCOMM INC $737, % UNITED STATES TREASURY /31/20 $465, % PRICELINE.COM $712, % FEDERAL NATL MTG ASSN GTD MTG POOL N $351, % ALEXION PHARMACEUTICALS INC $710, % FEDERAL HOME LN MTG CORP PARTN C GO $335, % SCHLUMBERGER LTD $694, % RBC U.S. GOVT MMF $4,396, % RBC U.S. GOVT MMF $108, % INVESCO INVESCO CORE REAL ESTATE CHINA MOBILE HONG KONG LTD SPONSORE $399, % INVESCO CORE REAL ESTATE USA LLC $9,603, % CHINA MINSHENG BKG CORP LTD ADR REP $314, % IMPERIAL TOBACCO GROUP ADR ONE ADR $288, % SWISSCOM AG SPONSORED ADR $278, % STEINHOFF INTL HLDGS LTD ADR $263, % PORSCHE AUTOMOBIL HLDG SE ADR $263, % TIGER BRANDS LTD SPONSORED ADR NEW $261, % SANOFI-AVENTIS $254, % ROYAL DUTCH SHELL PLC ADR-B $245, % ZURICH INS GROUP LTD SPONSORED ADR $242, % RBC U.S. GOVT MMF $364, % RBC U.S. GOVT MMF $ % UBP IRONWOOD SELECTINVEST INSTITUTIONAL ARV LTD SE $5,454, % IRONWOOD INSTITUTIONAL LTD CLASS A3 S $5,572, % RBC U.S. GOVT MMF $ % RBC U.S. GOVT MMF $ % PINE GROVE ASSOCIATES CORNERSTONE PINE GROVE INSTITUTIONAL PARTNERS LP $6,427, % CITIGROUP INC $902, % GOOGLE INC CL A $827, % APPLE INC $810, % MATTEL INC $797, % EATON CORP $769, % WESTERN DIGITAL CORP $768, % SANOFI-AVENTIS $767, % TEVA PHARMACEUTICAL INDS LTD ADR $756, % WAL-MART STORES INC $756, % CHEVRON CORPORATION $755, % RBC U.S. GOVT MMF $ % RBC U.S. GOVT MMF $705, %

4 TOP 10 HOLDINGS (cont'd) For the Month Ending November 30, 2012 RBC GLOBAL MID CAP WELLS CAPITAL NOBLE CORP $481, % KANSAS CITY SOUTHERN $334, % ACCO BRANDS CORP $388, % SBA COMMUNICATIONS CORP $313, % KKR FINANCIAL HOLDINGS LLC $370, % ASPEN TECHNOLOGY INC (DELAWARE) $222, % SKYWORKS SOLUTIONS INC $348, % TRANSDIGM GROUP INC $215, % EDISON INTERNATIONAL $300, % ALLIANCE DATA SYS CORP $215, % HARTFORD FINL SVCS GROUP INC $286, % AFFILIATED MANAGERS GROUP INC $213, % CROWN HOLDINGS INC $280, % COMMVAULT SYS INC $189, % FLUOR CORP $277, % PANERA BREAD COMPANY-CL A $188, % ASHLAND INC NEW $267, % COPA HOLDINGS SA-CLASS A $183, % REINSURANCE GROUP OF AMERICA $243, % PVH CORP $180, % RBC U.S. GOVT MMF $60, % RBC U.S. GOVT MMF $36, % RENAISSANCE MUNDER- OTHER ASSETS LUKOIL OIL CO SPONS ADR $370, % UNITED STATES TREAS BILLS 0% 01/31/2013 $243, % ENERGY XXI BERMUDA LTD $353, % J P MORGAN MTG ACQUISITION TR 20 ABS 5. $170, % STATOIL ASA SPON ADR $333, % UNITED STATES TREASURY.7 06/30/2017 $88, % ROYAL DUTCH SHELL PLC-ADR A $323, % FEDERAL NATL MTG ASSN GTD MTG PA POO $70, % BAYER AG ADR $252, FEDERAL NATL MTG ASSN GTD MTG PA POO $67, % VOLKSWAGEN A G SPON ADR ONE ADR REP $251, % UNITED STATES TREAS BDS /15/204 $67, % PRUDENTIAL PLC ADR $235, % FEDERAL HOME LN MTG CORP PARTN C GRO $61, % DIAGEO PLC SPNSRD ADR NEW $231, ORACLE CORPORATION /15/2018 $61, ANHEUSER BUSCH INBEV SA/NV ADR $231, % AXIS SPECIALTY FIN LLC /01/2020 $56, % SIGNET JEWELERS LTD $230, % FEDERAL NATL MTG ASSN GTD MTG POOL N $53, % RBC U.S. GOVT MMF $61, % RBC U.S. GOVT MMF $340, % NB ALTERNATIVES ADVISORS NB CROSSROADS 2010 FUND PLAN ASSET A $1,560, % RBC U.S. GOVT MMF $ %

5 ANALYSIS FOR CURRENT FISCAL YEAR For the Year Ending SEPTEMBER 30, 2013 October November December January February March April Beginning Market Value 195,021, ,268, Contributions to Fund Employee 121, , Employer 202, State - - Other 43, , , , Earnings Dividends 248,56 135, Interest 113, , Accrued Interest Paid 6, , , , Less Benefit Payments (1,276,015.64) (2,489,782.77) Expenses (222,941.04) (187,551.20) Loans Issued - - (1,498,956.68) (2,677,333.97) Net Gains/(Losses) Realized 471, , Unrealized (2,460,529.36) 1,328, (1,989,418.23) 1,422, Ending Market Value 192,268, ,457, Current Fiscal May June July August September Qtr-to-Date Year-to-Date Beginning Market Value 195,021, ,021, Transfers - - Contributions to Fund - Employee 233, , Employer 202, , State - - Other 55, , , , Earnings Dividends 383, , Interest 256, , Accrued Interest Paid 46, , , , Less Benefit Payments (3,765,798.41) (3,765,798.41) Expenses (410,492.24) (410,492.24) Loans Issued (4,176,290.65) (4,176,290.65) Net Gains/(Losses) Realized 564, , Unrealized (1,131,988.35) (1,131,988.35) (567,366.41) (567,366.41) Ending Market Value ,457, ,457, Fiscal Year's Market Value 200,000,00 180,000,00 160,000,00 140,000,00 120,000,00 100,000,00 80,000,00 60,000,00 40,000,00 20,000,00 October December February April June August

6 ANALYSIS FOR CURRENT FISCAL YEAR For the Year Ending SEPTEMBER 30, 2013 Fiscal Year's Contributions Contribution's for the Fiscal Year 400,00 350,00 300,00 250,00 State 0% Other 11% Employee 48% 200,00 150,00 100,00 50,00 Employer 41% October January April July Fiscal Year's Income Income for the Fiscal Year 400,00 350,00 300,00 Interest 40% 250,00 200,00 150,00 100,00 50,00 Dividends 60% October December February April June August Fiscal Year's Distributions Distributions for the Fiscal Year -500,00 Expenses 10% Loans Issued 0% -1,000,00-1,500,00-2,000,00-2,500,00-3,000,00 October January April July Benefit Payments 90%