POLICE & FIREFIGHTERS RETIREMENT SYSTEM

Transcription

1 POLICE & FIREFIGHTERS RETIREMENT SYSTEM CUSTODIAL REPORT FOR THE MONTH ENDING January 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 January 31, 2016 Retirement System Account Allocation Blackstone Tactical 1.24% Lazard 7.28% NB Alernatives % Main 1.84% Coast Capital 3.48% Victory Capital 12.29% Blackrock 12.96% Standish Mellon 12.29% NB Alternatives % Goldman Sachs 0.83% Sands 12.26% Renaissance 7.16% Wells Capital 4.93% RBC Global Mid Cap 4.86% Ironwood UBP 4.89% 0.05% Pine Grove 4.42% Invesco Core 6.74% Invesco Core Main Victory Capital Standish Mellon Sands Real Estate MV % MV % MV % MV % MV % Cash Equivalents 3,805, % 555, % 1,909, % 189, % % Fixed Income % 25,159, % 23,645, % % 13,939, % Equities % % % 24,957, % % Net Invested Assets 3,805, % 25,715, % 25,555, % 25,147, % 13,939, % Accruals (Income/Trades) % -305, % -151, % 190, % % Total 3,805, % 25,409, % 25,404, % 25,337, % 13,939, % UBP Ironwood Pine Grove RBC Global Mid Cap Wells Capital MV % MV % MV % MV % MV % Cash Equivalents % % % 26, % 344, % Fixed Income % % % % % Equities 110, % 10,119, % 9,142, % 10,007, % 9,888, % Net Invested Assets 110, % 10,119, % 9,142, % 10,033, % 10,232, % Accruals (Income/Trades) % % % 7, % -37, % Total 110, % 10,119, % 9,142, % 10,041, % 10,195, % Renaissance Goldman Sachs NB Alternatives Blackrock Lazard MV % MV % MV % MV % MV % Cash Equivalents 143, % % % 801, % 689, % Fixed Income % % % % % Equities 14,659, % 1,707, % 3,972, % 25,896, % 14,337, % Net Invested Assets 14,802, % 1,707, % 3,972, % 26,697, % 15,026, % Accruals (Income/Trades) 1.80 % % % 103, % 25, % Total 14,802, % 1,707, % 3,972, % 26,801, % 15,052, % Blackstone Tactical NB Alernatives Coast Capital Totals MV % MV % MV % MV % Cash Equivalents % % 67, % 8,533, % Fixed Income % % % 62,745, % Equities 2,565, % 1,132, % 7,025, % 135,521, % Net Invested Assets 2,565, % 1,132, % 7,093, % 206,799, % Accruals (Income/Trades) % % 99, % -66, % Total 2,565, % 1,132, % 7,192, % 206,733, % Retirement System Asset Allocation Accruals -0.03% Cash Equivalents 4.13% Equities 65.55% Fixed Income 30.35%

3 TOP 10 HOLDINGS For the Month Ending January 31, 2016 TOTAL MAIN INVESCO CORE REAL ESTATE USA LLC $ 13,861, % IRONWOOD INSTITUTIONAL LTD CLASS A4/5 SERIES 5 $ 10,302, % PINE GROVE INSTITUTIONAL PARTNERS LP $ 9,307, % NB CROSSROADS 2010 FUND PLAN ASSET ALLOCATION LP $ 3,972, % LAZARD EMERGING MARKETS PORT $ 3,190, % BLACKSTONE TACTICAL OPPORTUNITIES FUND L P $ 2,565, % VISA INC CL A $ 2,431, % UNITED STATES TREASURY 1.375% 09/30/2020 $ 2,289, % UNITED STATES TREASURY.625% 09/30/2017 $ 2,243, % FACEBOOK INC $ 2,046, % CASH EQUIVALENTS $ 8,533, % CASH EQUIVALENTS $3,805, % VICTORY CAPITAL STANDISH MELLON UNITED STATES TREASURY.625% 09/30/2017 $ 2,516, % UNITED STATES TREASURY 1.625% 07/31/2020 $ 1,694, % UNITED STATES TREAS BDS 2.875% 05/15/2043 $ 1,107, % UNITED STATES TREASURY % 10/31/2017 $ 1,374, % UNITED STATES TREASURY.375% 07/15/2025 $ 940, % UNITED STATES TREASURY 1.625% 01/15/2018 $ 1,256, % FEDERAL NATL MTG ASSN GTD MTG POOL NBR AS5211 4% 06/01 $ 874, % UNITED STATES TREAS BILLS 0% 02/11/2016 $ 1,199, % FEDERAL HOME LN MTG G08681 GOLD POOL 3.5% 12/01/2045 $ 757, % UNITED STATES TREASURY 2.25% 11/15/2025 $ 1,198, % FEDERAL NATL MTG ASSN GTD MTG POOL NBR AS % 11/ $ 659, % FEDERAL HOME LN MTG CORP PARTN GROUP NBR Q % $ 1,047, % FEDERAL NATL MTG ASSN GTD MTG POOL NBR AS % 05/ $ 598, % UNITED STATES TREASURY 1.375% 09/30/2020 $ 978, % FEDERAL HOME LN MTG GOLD POOL NBR G % 04/01/204 $ 520, % UNITED STATES TREASURY.875% 07/15/2018 $ 929, % FEDERAL HOME LN MTG CORP PARTN Q36384 GOLD POOL 3.5% $ 504, % UNITED STATES TREAS BDS 3% 05/15/2045 $ 744, % UNITED STATES TREASURY 2% 08/15/2025 $ 461, % UNITED STATES TREAS BDS 2.5% 02/15/2045 $ 719, % CASH EQUIVALENTS $ 555, % CASH EQUIVALENTS $ 1,909, % SANDS INVESCO CORE REAL ESTATE VISA INC CL A $ 2,335, % INVESCO CORE REAL ESTATE USA LLC $ 1,393, % FACEBOOK INC $ 2,193, % SALESFORCE.COM INC $ 1,706, % ALPHABET INC CL A $ 1,294, % ALIBABA GROUP HLDG LTD ADR $ 1,146, % LINKEDIN CORP - A $ 1,108, % ADOBE SYS INC $ 1,020, % AMAZON COM INC $ 997, % REGENERON PHARMACEUTICALS INC $ 997, % BAIDU COM INC SPONSORED ADR $ 897, % CASH EQUIVALENTS $ 189, % UBP IRONWOOD SELECTINVEST ARV SPV LTD A-SI-ARV LTD (P) $ 105, % IRONWOOD INSTITUTIONAL LTD CLASS A4/5 SERIES 5 $ 10,119, % SELECTINVEST ARV LTD SERIES-C 2009 P $ 4, % PINE GROVE ASSOCIATES RBC GLOBAL MID CAP PINE GROVE INSTITUTIONAL PARTNERS LP $ 9,142, % CALPINE CORP $ 487, % SKYWORKS SOLUTIONS INC $ 471, % LAM RESH CORP $ 427, % SYNCHRONOSS TECHNOLOGIES INC $ 359, % NATIONAL GEN HLDGS CORP $ 345, % CENTENE CORP $ 339, % WESTROCK CO $ 324, % AMTRUST FINL SVCS INC $ 319, % STEEL DYNAMICS INC $ 267, % LINCOLN NATL CORP IND $ 254, % CASH EQUIVALENTS $ 26, % WELLS CAPITAL RENAISSANCE SERVICEMASTER GLOBAL HLDGS INC $ 399, % VESTAS WIND SYS A/S UTD KINGDOM ADR $ 341, % RBC U S GOVT MMF $ 344, % TEVA PHARMACEUTICAL INDS LTD ADR $ 332, % ZAYO GROUP HLDGS INC $ 279, % KDDI CORP ADR $ 328, % COSTAR GROUP INC $ 232, % NIPPON T & T CORP ADR $ 323, % VAIL RESORTS INC $ 224, % CAP GEMINI S A ADR $ 320, % BRIGHT HORIZONS FAMILY SOLUTIONS $ 220, % PANDORA A /S ADR $ 320, % TYLER TECHNOLOGIES INC $ 210, % UNILEVER PLC-SPONSORED ADR $ 318, % EURONET SVCS INC $ 210, % ALLIANZ AG ADR $ 316, % ARAMARK HLDGS CORP $ 205, % WIPRO LTD ADR $ 312, % ALIGN TECHNOLOGY INC $ 198, % CHECK POINT SOFTWARE TECH ADR $ 311, % CASH EQUIVALENTS $ 344, % CASH EQUIVALENTS $ 143, %

4 TOP 10 HOLDINGS (cont'd) For the Month Ending January 31, 2016 GOLDMAN SACHS NB ALTERNATIVES ADVISORS VINTAGE VI MGR LP FUND $ 1,707, % NB CROSSROADS 2010 FUND PLAN ASSET ALLOCATION LP $ 3,972, % BLACKROCK INVESTMENT MANAGEMENT LAZARD ASSET MANAGEMENT JPMORGAN CHASE & CO $ 1,053, % LAZARD EMERGING MARKETS PORT $ 3,103, % GENERAL ELECTRIC CO $ 957, % RBC U S GOVT MMF $ 689, % WELLS FARGO & CO NEW $ 868, % ANHEUSER BUSCH INBEV SA/NV ADR $ 592, % PFIZER INC $ 843, % NOVARTIS A G ADR $ 513, % RBC U S GOVT MMF $ 801, % DAIWA HOUSE IND LTD ADR $ 409, % HOME DEPOT INC $ 725, % PRUDENTIAL PLC ADR $ 386, % MICROSOFT CORP $ 715, % BRITISH AMERN TOB PLC SPONSORED ADR $ 385, % CITIGROUP INC $ 703, % ASSA ABLOY AB ADR $ 327, % INTEL CORP $ 673, % JAPAN TOB INC ADR $ 311, % EXXON MOBIL CORPORATION $ 670, % BAYER AG ADR $ 299, % CASH EQUIVALENTS $ 801, % CASH EQUIVALENTS $ 689, % BLACKSTONE TACTICAL NB Alternatives BLACKSTONE TACTICAL OPPORTUNITIES FUND L P $ 2,565, % NB CROSSROADS FUND XX - PLAN ASSET ALLOCATION LP $ 1,132, % Coast Capital ENTERPRISE PRODUCTS PARTNERS LP $ 519, % PLAINS ALL AMERICAN PIPELINE LP $ 502, % MPLX LP $ 499, % WILLIAMS PARTNERS L P NEW $ 470, % ONEOK PARTNERS L P $ 449, % TESORO LOGISTICS LP COM UNIT LTD PARTNERSHIP INT $ 406, % TARGA RES PARTNERS LP $ 404, % SUNOCO LOGISTICS PARTNERS LP $ 396, % SPECTRA ENERGY PARTNERS LP $ 350, % MAGELLAN MIDSTREAM PARTNERS $ 345, % CASH EQUIVALENTS $ 67, %

5 ANALYSIS FOR CURRENT FISCAL YEAR FOR THE YEAR ENDING SEPTEMBER 30, 2016 October November December January February March April Beginning Market Value 210,458, ,771, ,020, ,300, Contributions to Fund Employee 113, , , , Employer 68, ,153, State Other 9, , , , , , ,339, , Earnings Dividends 236, , , , Interest 128, , , , Accrued Interest Paid 104, (44,077.37) (64,463.37) 51, , , , , Less Benefit Payments (2,851,582.46) (427,917.61) (2,858,797.73) (1,380.54) Expenses (173,162.09) (131,402.73) (122,076.58) (118,673.76) Loans Issued (29,795.00) Other Disbursements (69,477.34) (90,135.28) (59,752.74) (74,359.60) (3,124,016.89) (649,455.62) (3,040,627.05) (194,413.90) Net Gains/(Losses) Realized 279, , (1,001,127.35) (693,682.14) Unrealized 8,496, (1,433,850.81) (1,355,281.02) (9,216,170.29) 8,775, (563,658.03) (2,356,408.37) (9,909,852.43) Ending Market Value 216,771, ,020, ,300, ,733, Current Fiscal May June July August September Qtr-to-Date Year-to-Date Beginning Market Value 216,300, ,458, Contributions to Fund Employee 114, , Employer - 5,222, State - - Other 8, , , ,783, Earnings Dividends 95, , Interest 266, , Accrued Interest Paid 51, , , ,553, Less Benefit Payments (1,380.54) (6,139,678.34) Expenses (118,673.76) (545,315.16) Loans Issued - (29,795.00) Other Disbursements (74,359.60) (293,724.96) (194,413.90) (7,008,513.46) Net Gains/(Losses) Realized (693,682.14) (545,181.77) Unrealized (9,216,170.29) (3,508,742.10) (9,909,852.43) (4,053,923.87) Ending Market Value 206,733, ,733, ,000,00 Fiscal Year's Market Value 200,000,00 150,000,00 100,000,00 50,000,00 October December February April June August

6 ANALYSIS FOR CURRENT FISCAL YEAR FOR THE YEAR ENDING SEPTEMBER 30, 2016 Fiscal Year's Contributions Contribution's for the Fiscal Year 6,000,00 5,000,00 State % Other 0.82% Employee 8.88% 4,000,00 3,000,00 2,000,00 1,000,00 Employer 90.30% October January April July Fiscal Year's Income Income for the Fiscal Year 450,00 400,00 350,00 300,00 Interest 45.70% 250,00 200,00 150,00 100,00 50,00 Dividends 54.30% October December February April June August -500,00-1,000,00 Fiscal Year's Distributions Expenses 7.78% Distributions for the Fiscal Year Loans Issued 0.43% Other Disbursements 4.19% -1,500,00-2,000,00-2,500,00-3,000,00-3,500,00 October January April July Benefit Payments 87.60%