Parasol Long-Term Investment Horizon 3.2% 17.0% 17.0% 6.7% 8.6% 8.0% 5.9% Long-Term Composite Index (Policy) 4.0% 15.6% 15.6% 7.0% 8.8% 7.6% 5.

Similar documents
F U N D E V A L U A T I O N R E P O R T

ACG Market Review. Second Quarter Global Highlights: Economy Announced tariffs have so far failed to slow down economic activity

City of Hollywood Employees' Retirement Fund Preliminary Market Value Update as of August 31, 2017

Economic and Capital Market Update April 2018

MAY 2018 Capital Markets Update

Benchmark Review September 30, 2017

plan investment review performance summary

Market Commentary - 2nd Quarter 2017

Global Market Overview

MARCH 2018 Capital Markets Update

DECEMBER 2018 Capital Markets Update

Monthly Risk-Return Report As of May 31, 2016

TMRS Quarterly Summary. Period Ended: December 31, 2015

Fresno County Employees' Retirement Association

Market Overview As of 4/30/2018

Market Overview As of 11/30/2018

1000G 1000G HY

Market Overview As of 10/31/2017

Market Overview As of 8/31/2017

Market Overview As of 1/31/2019

Monthly Risk-Return Report As of February 28, 2017

SEPTEMBER 2018 Capital Markets Update

Marquette Associates Market Environment

NVIT Investor Destinations Funds

Economic and Capital Market Update November 2017

TEL FAX cookstreetconsulting.com

Investment Market Update (As of July 31, 2017)

City of Fort Walton Beach, Florida Beal Memorial Cemetery Perpetual Care Fund

OCTOBER 2018 Capital Markets Update

NOVEMBER 2018 Capital Markets Update

Investment Option Performance

University of Illinois. Fourth Quarter 2016 Investment Update Board Report. March University of Illinois

EVESTMENT INSTITUTIONAL INVESTMENT INTELLIGENCE CONFERENCE

The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."

Barings Participation Investors

Summit Strategies Group 8182 Maryland Avenue, 6th Floor St. Louis, Missouri Monthly Economic & Capital Market Update

Retirement System Pension Plan Investment Performance Review Quarter Ended June 30, 2014

Brexit and Market Implications Special Commentary & Webinar

Economic and Financial Markets Monthly Review & Outlook Detailed Report. June 2014

AllianceBernstein Global High Income Fund Inc.

BOARD OF VISITORS OF THE COLLEGE OF WILLIAM AND MARY IN VIRGINIA

City of Los Angeles. Performance Evaluation Report. Deferred Compensation Plan. Second Quarter 2015

City of Fort Walton Beach, Florida Beal Memorial Cemetery Perpetual Care Fund

LOUISIANA SCHOOL EMPLOYEES RETIREMENT SYSTEM

INVESTMENT PERFORMANCE ANALYSIS

Market Update: Broad Market Returns and Indicators

Investment Policy Statement

Capital Market Outlook Q4 2017

Short exposure to US equities

North Carolina Supplemental Retirement Plans. Performance Review First Quarter 2017

WEEKLY MARKET FLASH DATA AS OF FEBRUARY 2, Index definitions available upon request. 1 of 5. Total Return (%)

Morningstar Advisor Workstation

Period Ended: December 31, 2018

Fresno County Employees Retirement Association

6.6 % Gross 0.9% 11.9% 7.7 % -0.5 % 5.2 % 13.4% Some significant factors in the economy for November and into mid-december have been

State Universities Retirement System of Illinois (SURS) Investment Update

Q MARKETS REVIEW

Asset Strategy Consultants. MARKET ENVIRONMENT First Quarter 2017

DECEMBER 14, 2018 Market Commentary by Scott J. Brown, Ph.D., Chief Economist

Summit Strategies Group 8182 Maryland Avenue, 6th Floor St. Louis, Missouri Economic & Capital Market Review

plan investment review performance summary

Summit Strategies Group 8182 Maryland Avenue, 6th Floor St. Louis, Missouri Economic & Capital Market Review

City of Fresno Retirement Systems

Short exposure to US equities, used as a risk hedge. Exposure to commodities

City of Los Angeles. Performance Evaluation Report. Fourth Quarter Services provided by Mercer Investment Consulting LLC

457 Deferred Compensation Plan

Fund Structure Trustee Educational Seminar. You re a New Trustee. Now What?

Summit Strategies Group

Endowment Funds Performance (Year ending March 31st, 2012)

INVESTMENT REVIEW AMBER CARDEN PRIVATE CLIENT ADVISOR CHARLES D SHEPHERD, CFA PORTFOLIO MANAGER

UNC Investment Fund, LLC Fiscal Year 2008 Summary Presentation To: The Board of Trustees of The University of North Carolina at Chapel Hill

Summit Strategies Group

CP#32-08 Investment Policy

Endowment Funds Performance (Year ending Sept 30 th, 2014)

ACE USA Employee Retirement Savings Plans

Market Update: Broad Market Returns and Indicators

Economic and Financial Markets Monthly Review & Outlook Detailed Report October 2017

Performance Report. September 30, 2015

3 Years Annualized. Annualized Years Annualized. 3 Years. Annualized

Investment Policy Statement

Texas Tech University System

Dear Participant: Please refer to Part IV of the attached document for information on who to call with questions.

City of Fort Walton Beach Beal Memorial Cemetery Perpetual Care Fund

Summit Strategies Group

Summit Strategies Group

Summit Strategies Group

Summit Strategies Group

2017 Annual Performance Review

ASSET ALLOCATION REPORT

Endowment Funds Performance (Year ending March 31 st, 2013)

HMH 401(K) SAVINGS PLAN - HUMC & PMC GRANDFATHERED PARTICIPANTS

Baron WealthBuilder Fund

CFI Multi-Strategy Equity Fund, LLC Objective and Strategy March 31, 2015

OXY 401(k) SAVINGS PLAN FEE DISCLOSURE

Fourth Quarter Market Outlook. Jason Bulinski, CFA Donald A. Powell, CFA Joseph Styrna, CFA

Economic and Financial Markets Monthly Review & Outlook Detailed Report January 2018

Fidelity Freedom 2035 Fund

The Bull Market: Six Years Old And Not Over

2018 PUBLIC EQUITY ASSET CLASS REVIEW CITY OF FRESNO RETIREMENT SYSTEMS

August 27, A recap of last week s top economic news and what s to come

Transcription:

Long Term Investment Horizon As of December 31, 17 Annualized Performance (Net of Fees) 3 Mo YTD 1 Year 3 Years 5 Years 7 Years 1 Years Parasol Long-Term Investment Horizon 3.% 17.% 17.%.7%.%.% 5.9% Long-Term Composite Index (Policy).% 15.% 15.% 7.%.% 7.% 5.1% InvestorForce Trust Funds $5mm-$5mm Net Rank 5 13 13 3 7 1 1 1 1 % % US Equity Non US Equity 1 1 % % Alternatives 3 Mo YTD 1 Year 3 Years 5 Years 7 Years 1 Years Parasol Long Term Investment Horizon Long Term Composite Index (Policy) Market Review -Throughout 17 risk assets continued to move higher on the back of strong global economic activity. Investor sentiment rose as market participants weighed the potential benefits from U.S. tax reform. The VIX remained at historically low levels during the year, making 17 one of the least volatile years in the stock market s history -U.S. equities posted their ninth consecutive year of gains, which is tied for the longest stretch without a down year. Large-cap stocks outperformed small-caps on the back of a weaker U.S. dollar and strong global growth. International equities performed even better, outpacing the S&P 5 for the first time since 1 -Core fixed income generated modest returns during the year as interest rates and credit spreads stayed rangebound. The FOMC hiked interest rates an additional 5 basis points in December. High yield and EM debt generated positive returns from income, however the lack of volatility resulted in little price movement. *Long-Term Composite Index (Policy)=% Russell 3/% MCSI ACWI ex USA/ % BBgBarc US Aggregate/% HFRI FOF: Diversified Index

Long Term Investment Horizon As of December 31, 17 17 1 15 1 13 1 11 1 9 Parasol Long-Term Investment Horizon 17.%.% -1.9%.3% 1.9% 1.7% -.9% 15.% 9.3% -3.5% Long-Term Composite Index (Policy) 15.%.7% -.7%.1% 17.% 11.% -1.7% 11.% 3.% -.5% InvestorForce Trust Funds $5mm-$5mm Net Rank 13 3 1 5 7 3 1 91 $1.9 Growth of the Dollar $1.7 Calendar Year Returns (Net of Fees) $1.7 $1.5 $1.3 $1.75 15 1 $1.1 5 $.9 $.7 $.5 Dec 7 Dec Dec 9 Dec 1 Dec 11 Dec 1 Dec 13 Dec 1 Dec 15 Dec 1 Dec 17 Long Term Investment Horizon Long Term Composite Index 5 17 1 15 1 13 1 11 1 Parasol Long Term Investment Horizon Long Term Composite Index (Policy) *Long-Term Composite Index (Policy)=% Russell 3/% MCSI ACWI ex USA/ % BBgBarc US Aggregate/% HFRI FOF: Diversified Index

Intermediate Term Investment Horizon As of December 31, 17 Annualized Performance (Net of Fees) 3 Mo YTD 1 Year 3 Years 5 Years 7 Years 1 Years Parasol Intermediate Investment Horizon.% 13.% 13.%.% 7.9% 7.9%.5% Intermediate Composite Index (Policy) 3.% 13.3% 13.3%.%.% 7.% 5.7% InvestorForce Trust Funds < $1B - w/-9 % Fixed Inco 57 1 1 1 1 1 1 1 US Equity 1 % % Non US Equity Alternatives % 1% 3 Mo YTD 1 Year 3 Years 5 Years 7 Years 1 Years Parasol Intermediate Investment Horizon Intermediate Composite Index (Policy) Market Review -Throughout 17 risk assets continued to move higher on the back of strong global economic activity. Investor sentiment rose as market participants weighed the potential benefits from U.S. tax reform. The VIX remained at historically low levels during the year, making 17 one of the least volatile years in the stock market s history -U.S. equities posted their ninth consecutive year of gains, which is tied for the longest stretch without a down year. Large-cap stocks outperformed small-caps on the back of a weaker U.S. dollar and strong global growth. International equities performed even better, outpacing the S&P 5 for the first time since 1 -Core fixed income generated modest returns during the year as interest rates and credit spreads stayed rangebound. The FOMC hiked interest rates an additional 5 basis points in December. High yield and EM debt generated positive returns from income, however the lack of volatility resulted in little price movement. *Intermediate Composite Index (Policy) = % Russell 3/ 1% MSCI ACWI ex USA/ % HFRI FOF: Diversified Index/ % BBgBarc US Aggregate TR

Intermediate Term Investment Horizon As of December 31, 17 17 1 15 1 13 1 11 1 9 Parasol Intermediate Investment Horizon 13.%.3% -1.3% 5.% 1.% 13.1% 3.% 1.%.% -1.% Intermediate Composite Index (Policy) 13.3%.% -.1% 7.% 1.3% 1.7% 1.7% 11.7% 19.% -.% InvestorForce Trust Funds < $1B - w/-9 % Fixed Inc 1 53 5 5 1 3 7 79 Growth of the Dollar $1.9 $1.9 $1.7 $1. $1.5 $1.3 $1.1 $.9 $.7 $.5 Dec 7 Dec Dec 9 Dec 1 Dec 11 Dec 1 Dec 13 Dec 1 Dec 15 Dec 1 Dec 17 Intermediate Composite Index (Policy) Parasol Intermediate Investment Horizon 5 15 1 5 5 1 15 5 Calendar Year Returns (Net of Fees) 17 1 15 1 13 1 11 1 9 Parasol Intermediate Investment Horizon Intermediate Composite Index (Policy) *Intermediate Composite Index (Policy) = % Russell 3/ 1% MSCI ACWI ex USA/ % HFRI FOF: Diversified Index/ % BBgBarc US Aggregate TR

Annualized Performance (Net of Fees) Short Term Investment Horizon As of December 31, 17 3 Mo YTD 1 Year 3 Years 5 Years 7 Years 1 Years Parasol Short-Term Investment Horizon.7% 5.7% 5.7% 3.% 3.1% 3.% 3.% Short-Term Composite Index 1.% 5.3% 5.3% 3.1% 3.% 3.3% 3.% InvestorForce Trust Funds < $1B - w/7+ % Fixed Incom 3 9 9 3 5 7 5 5 1% 5% 15% US Equity Non US Equity Money Market 3 7% 1 3 Mo YTD 1 Year 3 Years 5 Years 7 Years 1 Years Parasol Short Term Investment Horizon Short Term Composite Index Market Review -Throughout 17 risk assets continued to move higher on the back of strong global economic activity. Investor sentiment rose as market participants weighed the potential benefits from U.S. tax reform. The VIX remained at historically low levels during the year, making 17 one of the least volatile years in the stock market s history -U.S. equities posted their ninth consecutive year of gains, which is tied for the longest stretch without a down year. Large-cap stocks outperformed small-caps on the back of a weaker U.S. dollar and strong global growth. International equities performed even better, outpacing the S&P 5 for the first time since 1 -Core fixed income generated modest returns during the year as interest rates and credit spreads stayed rangebound. The FOMC hiked interest rates an additional 5 basis points in December. High yield and EM debt generated positive returns from income, however the lack of volatility resulted in little price movement. *Short-Term Composite Index = 15% 91 Day T-Bills / 5% Russell 1 /.5% MSCI ACWI ex USA / 3.3% BBgBarc US Govt/Credit 1-5 Yr. TR / % Russell 1 Growth / 3.33% BBgBarc US Aggregate TR / 3% Russell 1 Value /.5% MSCI EAFE / 3.33% BBgBarc US Credit Int TR

Short Term Investment Horizon As of December 31, 17 17 1 15 1 13 1 11 1 9 Parasol Short-Term Investment Horizon 5.7%.%.% 3.1% 3.%.7%.%.% 9.7% -.7% Short-Term Composite Index 5.3% 3.3%.% 3.% 3.1%.%.5% 5.%.% -1.% InvestorForce Trust Funds < $1B - w/7+ % Fixed Inco 9 59 3 5 3 3 1 55 3 Growth of the Dollar $1.9 $1.7 1.5 $1.5 $1.3 1.5 $1.1 $.9 $.7 $.5 Dec 7 Dec Dec 9 Dec 1 Dec 11 Dec 1 Dec 13 Dec 1 Dec 15 Dec 1 Dec 17 Short Term Composite Index Parasol Short Term Investment Horizon 1 1 Calendar Year Returns (Net of Fees) 17 1 15 1 13 1 11 1 9 Parasol Short Term Investment Horizon Short Term Composite Index *Short-Term Composite Index = 15% 91 Day T-Bills / 5% Russell 1 /.5% MSCI ACWI ex USA / 3.3% BBgBarc US Govt/Credit 1-5 Yr. TR / % Russell 1 Growth / 3.33% BBgBarc US Aggregate TR / 3% Russell 1 Value /.5% MSCI EAFE / 3.33% BBgBarc US Credit Int TR

Socially Responsible Horizon As of December 31, 17 Annualized Performance (Net of Fees) 3 Mo YTD 1 Year 3 Years 5 Years Socially Responsible Blend 5.% 1.% 1.% 9.% 1.9% 3% US Equities 1 1 1 1 1 7% 3 Mo YTD 1 Year 3 Years 5 Years Socially Responsible Blend 17 1 15 1 13 Socially Responsible Blend 1.%.% 1.% 13.7%.%