Retirement Fund EQUITY Domestic Large Value T Rowe Price Separate Oct-04 400,019,344 517,196,722 Large Value MFS Separate Feb-04 352,541,491 512,699,767 Large Growth Fred Alger Separate Feb-04 426,644,964 447,997,454 Large Growth T Rowe Price Separate Apr-10 350,177,810 472,138,962 Russell 1000 Passive BlackRock Commingled Aug-03 1,018,724,994 1,689,122,225 Small Value Earnest Partners Separate Nov-04 81,260,273 142,022,754 Small Growth Emerald Separate Nov-15 115,671,193 127,223,346 Subtotal - Domestic Equity $2,745,040,069 $3,908,401,229 37.52% International Developed Mkt Growth Fidelity Separate Nov-04 446,827,354 479,457,102 Developed Mkt Passive/Core BlackRock Commingled Sep-12 387,947,843 475,567,517 Developed Mkt Value MFS Separate Sep-12 402,891,301 481,735,478 Emerging Market LA Capital Commingled Sep-12 237,175,984 241,676,289 Emerging Market Vontobel Separate Jan-13-13,975 Emerging Market Wellington Separate Sep-16 247,380,258 249,756,640 Subtotal - International Equity $1,722,222,741 $1,928,207,000 18.51% Total Equity $4,467,262,810 $5,836,608,230 56.03% Principal Protection WELLS Separate Jul-04 774,450,042 769,001,823 Principal Protection JP Morgan Separate Apr-10 770,903,844 766,855,353 Subtotal - Principal Protection Fixed Income $1,545,353,886 $1,535,857,177 14.74% Extended Credit Delaware Separate Aug-15 586,941,589 595,731,053 Extended Credit Neuberger Separate Aug-15 585,704,832 601,771,531 Subtotal - Extended Credit Fixed Income $1,172,646,421 $1,197,502,585 11.50% U.S. Bank Loans Pacific Asset Separate Aug-15 131,904,094 135,202,757 Subtotal - U.S. Bank Loans Fixed Income $131,904,094 $135,202,757 1.30% Total Fixed Income $2,849,904,402 $2,868,562,519 27.54% ALTERNATIVE INVESTMENTS Private Equity Secondary Diversified Lexington VI Fund of Funds Jun-06 12,461,959 7,206,884 Secondary Diversified Lexington VII Fund of Funds Dec-06 11,895,675 13,012,555 Secondary Diversified Landmark XIII Fund of Funds Nov-06 9,696,058 9,061,328 Primary Distressed CDHRJ SO II Fund of Funds Mar-08 1,886,293 9,337,906 Primary Venture Capital Fisher Lynch II Fund of Funds Apr-08 14,285,479 19,143,759 Secondary Diversified Landmark XIV Fund of Funds Sep-08 9,431,598 11,888,567 Distressed for Control Oaktree PF V Direct Partnership Feb-09 6,942,606 8,265,378 Growth Oil and Gas EnCap VIII Direct Partnership Feb-11 8,133,682 4,984,890 Mezzanine Audax III Direct Partnership Feb-11 9,332,378 8,822,236 Buyout Vista IV Direct Partnership Nov-11 17,023,057 29,531,848 Special Situations Ares IV Direct Partnership Nov-12 16,310,993 21,125,491 Growth Oil and Gas EnCap IX Direct Partnership Jan-13 12,886,893 11,874,507 Buyout Silver Lake IV Direct Partnership Oct-13 10,023,860 11,387,974 Opportunistic Buyout Apollo VIII Direct Partnership Feb-14 18,231,387 20,568,735 Secondary Diversified Landmark XV Fund of Funds Apr-14 8,925,966 11,722,106 Buyout CDR IX Direct Partnership May-14 14,729,588 15,911,534 Buyout Vista V Direct Partnership May-14 43,707,580 44,825,730 Special Situations Ares SS IV Direct Partnership Jan-15 14,881,389 8,658,933 Growth Oil and Gas EnCap X Direct Partnership Feb-15 10,546,308 10,568,717 Buyout Crestview III Direct Partnership Mar-15 14,479,363 13,756,582 Diversified Blackstone TO II Direct Partnership May-15 19,308,845 20,796,712 Buyout Vista VI Direct Partnership Jun-16 20,699,071 21,042,342 Buyout Harvest Partners VII Direct Partnership Sep-16 374,669 137,655 Subtotal - Private Equity $306,194,697 $333,632,369 3.20% Real Return GILS WAMCO Separate Apr-10 365,954,800 375,039,718 Commodities Invesco Commingled Aug-13 151,000,000 131,831,410 Timberland Hancock XII Direct Partnership Apr-14 9,086,877 9,108,922 Timberland Molpus IV Direct Partnership Sep-15 16,729,500 16,432,300 Subtotal - Real Return $542,771,177 $532,412,349 5.11% Hedge Funds Hedge Fund GAM Fund of Funds Nov-13 80,000,000 84,520,000 Hedge Fund Morgan Stanley Fund of Funds Feb-14 80,000,000 78,445,857 Subtotal - Hedge Funds $160,000,000 $162,965,857 1.56%
Retirement Fund Manager Account Type Funding Date Cost Market Value % of Total Real Estate Core J.P. Morgan Open End Oct-07 68,904,792 75,965,751 Core PRISA I Open End Dec-06 76,974,269 80,059,985 Value Add PRISA II Open End Jun-07 30,597,397 36,248,748 Value Add Mesa West II Closed End Jan-09 2,506,421 1 Opportunistic Lone Star II Closed End Jun-11 1,902,433 1,504,620 Opportunistic Lone Star VII Closed End Jun-11 108,408 838,093 Core Invesco Core RE Open End Jul-11 35,409,059 50,864,959 Value Add DRA G&I VII Closed End Nov-11 10,019,102 12,774,161 Value Add AG Core Plus III Closed End Feb-12 7,581,615 7,478,868 Opportunistic Blackstone VII Closed End Jun-12 12,897,419 18,755,239 Value Add Almanac Realty VI Closed End Jun-12 5,855,500 7,009,150 Core PCCP II Closed End Jun-12 2,303,197 2,535,973 Value Add Bristol II Closed End Mar-12 7,991,613 9,800,714 Core DFA Mutual Fund Apr-13 21,049,116 22,786,878 Opportunistic Torchlight IV Closed End Jul-13 19,453,752 20,186,963 Value Add Mesa West III Closed End Sep-13 10,857,464 11,907,062 Core Heitman Separate Oct-13 21,986,964 21,597,528 Opportunistic Blackstone Eur IV Closed End Jan-14 15,937,361 17,133,353 Value Add DRA G&I VIII Closed End Sep-14 16,257,164 16,823,995 Core Prologis Open End Apr-15 21,149,473 24,260,014 Value Add Almanac Realty VII Closed End Apr-15 7,634,358 8,143,096 Opportunistic Torchlight V Closed End Jun-15 5,758,582 6,352,786 Opportunistic Lone Star IV Closed End Oct-15 24,264,887 25,511,753 Core Jamestown Open End Jan-16 50,436,341 48,808,886 Core Harrison Street Open End Feb-16 51,159,326 52,275,333 Value Add Westbrook X Closed End Jul-16 5,350,877 5,469,675 Subtotal - Real Estate $534,346,889 $585,093,583 5.62% Total Alternative Investments $1,543,312,764 $1,614,104,159 15.50% CASH 97,223,619 97,302,961 0.93% TRANSITION - DWP 01 296,991 297,189 0.00% TRANSITION - DWP 28 485 35 0.00% TAX RECLAIMS* 7,513 7,512 0.00% Total - Retirement Fund $8,958,008,583 $10,416,882,604 100.00% *for all legacy accounts (tax reclaim receivables/cash residuals)
DISABILITY FUND CORE WELLS Commingled Jul-04 31,865,916 36,654,987 99.35% CASH 240,393 240,554 0.65% Total - Disability Fund $32,106,310 $36,895,541 100.00% DEATH BENEFIT FUND CORE WELLS Commingled Jul-04 25,166,978 28,181,056 97.44% CASH 740,371 740,866 2.56% Total - Death Benefit Fund $25,907,349 $28,921,923 100.00%
Retiree Health Benefit Funds EQUITY Domestic Russell 1000 Passive BlackRock Commingled Jan-07 180,982,571 306,293,261 Large Value T Rowe Price Separate Sep-09 67,136,748 86,678,827 Large Value MFS Separate Sep-09 60,290,596 86,198,746 Large Growth Fred Alger Separate Sep-09 71,671,702 75,252,704 Large Growth T Rowe Price Separate Apr-10 59,010,015 79,479,091 Small Value Earnest Partners Separate Sep-09 13,517,582 23,577,388 Small Growth Emerald Separate Nov-15 18,788,891 20,667,868 Subtotal - Domestic Equity $471,398,105 $678,147,885 38.37% International Developed Market Passive/Core BlackRock Commingled Sep-12 66,547,503 80,043,882 Developed Market Value MFS Separate Jul-12 67,720,615 81,039,849 Developed Growth Fidelity Separate Sep-09 75,870,223 80,728,056 Emerging Market LA Capital Commingled Sep-12 38,756,232 40,144,872 Emerging Market Vontobel Separate Jan-13-2,350 Emerging Market Wellington Separate Sep-16 41,199,076 41,585,782 Subtotal - International Equity $290,093,650 $323,544,790 18.31% Total Equity $761,491,755 $1,001,692,675 56.68% Principal Protection WELLS Separate Sep-09 134,201,588 133,243,570 Principal Protection JP Morgan Separate Apr-10 133,116,980 132,741,443 Subtotal - Principal Protection Fixed Income $267,318,567 $265,985,013 15.05% Extended Credit Delaware Separate Aug-15 98,457,672 99,902,169 Extended Credit Neuberger Separate Aug-15 97,866,453 100,833,786 Subtotal - Extended Credit Fixed Income $196,324,124 $200,735,955 11.36% U.S. Bank Loans Pacific Asset Separate Aug-15 21,629,885 22,212,007 Subtotal - U.S. Bank Loans Fixed Income $21,629,885 $22,212,007 1.26% Total Fixed Income $485,272,577 $488,932,975 27.66% ALTERNATIVE INVESTMENTS Private Equity Secondary Diversified Landmark XIV Fund of Funds Sep-08 1,546,946 1,981,431 Secondary Diversified Lexington VII Fund of Funds Dec-09 1,973,775 2,168,789 Distressed for Control Oaktree PF V Direct Partnership Feb-09 1,084,780 1,291,471 Growth Oil and Gas EnCap VIII Direct Partnership Feb-11 1,620,168 996,978 Mezzanine Audax III Direct Partnership Feb-11 1,646,889 1,556,863 Buyout Vista IV Direct Partnership Nov-11 3,404,610 5,906,375 Special Situations Ares IV Direct Partnership Nov-12 3,262,198 4,225,101 Growth Oil and Gas EnCap IX Direct Partnership Jan-13 2,274,158 2,095,502 Buyout Silver Lake IV Direct Partnership Oct-13 1,670,645 1,898,004 Opportunistic Buyout Apollo VIII Direct Partnership Feb-14 3,217,303 3,629,777 Secondary Diversified Landmark XV Fund of Funds Apr-14 1,562,049 2,051,372 Buyout CDR IX Direct Partnership May-14 2,945,919 3,182,307 Buyout Vista V Direct Partnership May-14 8,751,047 8,965,148 Special Situations Ares SS IV Direct Partnership Jan-15 2,976,278 1,731,786 Growth Oil and Gas EnCap X Direct Partnership Feb-15 1,995,247 1,999,486 Buyout Crestview III Direct Partnership Mar-15 2,895,871 2,751,310 Diversified Blackstone TO II Direct Partnership May-15 3,861,659 4,159,342 Buyout Vista VI Direct Partnership Jun-16 4,139,816 4,208,469 Buyout Harvest Partners VII Direct Partnership Sep-16 74,934 27,528 Subtotal - Private Equity $50,904,292 $54,827,039 3.10% Real Return GILS WAMCO Separate Apr-10 61,363,476 62,866,591 Commodities Invesco Commingled Aug-13 21,099,985 20,988,193 Timberland Hancock XII Direct Partnership Apr-14 2,271,718 2,277,229 Timberland Molpus IV Direct Partnership Sep-15 4,182,375 4,108,076 Subtotal - Real Return $88,917,554 $90,240,090 5.11% Hedge Funds Hedge Fund GAM Fund of Funds Nov-13 13,000,000 13,734,500 Hedge Fund Morgan Stanley Fund of Funds Feb-14 13,000,000 12,747,452 Subtotal - Hedge Funds $26,000,000 $26,481,952 1.50%
Retiree Health Benefit Funds Manager Account Type Funding Date Cost Market Value % of Total Real Estate Value Add Mesa West II Closed End Feb-10 278,497 1 Opportunistic Lone Star II Closed End Jun-11 211,375 167,180 Opportunistic Lone Star VII Closed End Jun-11 12,036 93,123 Core Invesco Core RE Open End Jul-11 5,901,217 8,476,380 Value Add DRA G&I VII Closed End Nov-11 2,389,173 3,046,145 Value Add AG Core Plus III Closed End Feb-12 842,403 830,984 Opportunistic Blackstone VII Closed End Jun-12 3,224,352 4,688,806 Value Add Almanac Realty VI Closed End Jun-12 650,614 778,806 Core PCCP II Closed End Jun-12 575,799 633,992 Value Add Bristol II Closed End Mar-12 1,997,905 2,450,193 Core DFA Mutual Fund Apr-13 5,270,836 5,706,031 Opportunistic Torchlight IV Closed End Jul-13 4,910,076 5,046,745 Value Add Mesa West III Closed End Sep-13 2,714,366 2,976,766 Core Heitman Separate Oct-13 5,523,213 5,382,501 Opportunistic Blackstone Eur IV Closed End Jan-14 3,984,336 4,283,342 Value Add DRA G&I VIII Closed End Sep-14 4,064,291 4,205,999 Core Prologis USLF Open End Apr-15 5,287,368 6,065,004 Value Add Almanac Realty VII Closed End Apr-15 1,908,590 2,035,773 Opportunistic Torchlight V Closed End May-15 1,500,000 1,588,196 Opportunistic Lone Star IV Closed End Oct-15 4,852,978 5,102,350 Core Harrison Street Open End Jan-16 10,231,866 10,455,066 Core Jamestown Open End Feb-16 10,087,268 9,761,777 Value Add Westbrook X Closed End Jul-16 1,070,176 1,093,936 Subtotal - Real Estate $77,488,734 $84,869,096 4.80% Total Alternative Investments $243,310,580 $256,418,177 14.51% CASH 20,276,459 20,289,576 1.15% TRANSITION-DWP11 8,153 8,159 0.00% TRANSITION-DWP29 81 81 0.00% TAX RECLAIMS* 885 1,604 0.00% Total - Retiree Health Benefits Fund $1,510,360,492 $1,767,343,247 100.00% *for all legacy accounts (tax reclaim receivables/cash residuals)