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HomeMy WebLinkAboutDocumentation_Regular_Tab 01_01/10/2019 ' Summary of Actions for Quarter ending 09/30/18 Presented January 10 , 2019 �___ � Summa f A i n rY o ct o s The regular quarterly Board meeting was held on November 5, 2018 . The next meeting is scheduled for February 4 , 2019 . � � L �-�. kC '. �, � � ��� � �� ��� � �! �►�� �� � � � � � � � � . ..� , ..� � -. -� I� � �� � � � � � F � �! =-�� �:...4._ _ . . . .. . , . . :�i. ��� �� ��4'x:', � . v5�r �'. � .'� . r� '�'Fi: . .. . . . . iY^� 'n�:. . . '.R:r ." . . .� . . . . . ._. '.'q. n.1'.�. �q ,^�,1 `. .. �' y�[ t rf.�" rti'': � '... ��.. i.� ��� ; ,^' . ... .-_.. y. f.... .. . � .�. . _... . .._ . _. � :....� . ....._ W� •;�.e - ....-. . . . ,.. . ' ,. � - 3 .?4".t, . . . . . . . .. � � .. . �i Ij e�.' ri F . .. . � . � . . �y,:-. y,.i,'..s. ' . . . _ . . r —r ` .� q i� 4 &�w '4.:. . � . . � . .. '��F.? ,,,�� P,}�`��:..:8a.7'F:�t � .c+= ��ae.�"A" ,�r>^s4��"'ia, �'�t A� ] 4`..y R'7'.. 3 AndCo Re ort p Jennifer Gainfort from AndCo reviewed the 09/30/18 report. At the end of the quarter, the Plan's market value was $ 15,096,687 . At the end of the quarter, the asset allocation was: Domestic Equity 52.9% < International Equity 14.6% Domestic Fixed I ncome 17.7% Global Fixed Income 4.4% Real Estate 8.8% Cash Equivalent 1 .7%. , : Pie charts Tequesta PudliG 5afaty t tfieers' Penaion Fur cl A 4at A oca ion by Aatieri Glaea as o s. a,mb. o.ao e .1unr A.201! ft1.J64.6t8 S pl mbn 0.2418;513,08B,BlT . ,; .. sacf raK-c n ia1M1 r lS7 In:aM YM . ... . ........ . . . _ . 4'. Qw c 1 r+m e Oomestic Flted Ixome Datz+c E uq' [7aeeriic E qt _ • . F. Ayoeaoon AYoeadon Muket+ lur AlFocation Market U'alue A1laeation ■ Gcrnest.Eq tr -._:;, 51 ■ om4stir.Eqwty ?860 3G3 5 9 tr.emaeonai E .:.y ---:e'= 15 4 4n em3tla at Equ y 2 200 0"t 14 d . C *tiese.F ea ncar. _ ' to? 18 8 . Dom sUc Fuced Incume :871 a3B I; +oc ar f eu ncome r 'd 4 5 Gloast FiMed bdcanie 858 F G 4 • F ar Ese,we _. __. 6 t ■ Real Est te 1 3:8.?d 1 8 8 . - - -.. U d ■ Casn Acenvnls '_"5d a,6 , Mana er Asset Allocation Charts on next pages address: Asset allocation of managers Asset allocation to asset classes compared to public pension plans across the United States Asset allocation of the Pension Plan over time � T�que�ta Public Saf�ty bffMcer�' Re����on Fufnd Aaaet All�rcatlan�y Ma��a{�r As ot s�plNnbfr 38.?0 t! .l�unt�G.?at��i/1.��9.W� 3�pltmb�r�0.2018�f13,096,6�T �asRiM�:x.r<-•- 11lCtVl 8 C�ttwr.n-'�m1 �r.O.ry a. -F '_�,�(et,�A:r�f'1 �-G�S�7 e4�C �^LI '!�"'+p1lbn OEI171�F'TTRX. '�ilL!^�F�M��"."J4R GiQli�XI.Ne11GG'e:i U! .'..,cY:.. tiscf�Hr�l4+ .�. Ci�rt7rW�Nbn ..r�s�o TS�OV�nJee=��:�7EiJS�, wseWirtl aM►Oee�'.'T8211 � ' , � -.. .-....� . . ...�....�� . . .. � . t]r.a��+i�BlGXr �EuaPxYlc CkowR�lT�lflX? . Es�+� IM'5��d2�=-sa�r 6Jh'E.AX i I.tFS�yrvr4�=�G r+E.INF�+OC: �'1['�:�Cr55ti��"C�11L��G�Rk��. PnmKID•�di%s�l�r�a^.lWt�iFG{i�{!t� Alacatian Araeation Alarke41falue Allocauon Market Value Albocati�rn ■ �:�.3CHl-�:�,�'.►.1',:�J''ldiuc 1 5�:7� �.� r C'dCsll,'TA►11C'+3'�13�uB 4,8���k�42 1� . r Vang�,arc TSFJ�ar�ceA :��T;:.!; 3 7D3 4c•= ��.8 � 'Jan�ard TSM�ndex(VITsiLI 3,�.9",�2: _�4 � M!F.i tx�,wsfe F�sx3 Re MFEt_, 2'�;,��'s c.� � MF�Growtt�Fa�nd Rd I:kIFEK,%i ',��*.72d _ r Pnm��p a:;,�y��y{a�uwnn,PC�i3as.; e4t 1+D4 �•.� ■ Pnmecap,'3ayssey Growth�P'�r�i�c� 9,034,i9� d� E.,no�ac�#z Srawe+�FtERGx i �"6t+61E 1�,.4 Eures�eltic Growne 1RERGxti �.z�r;�.t111 i4� . G,�rta t^Luernan :�?. t�3 1&d ■ Garcia Ha,milean fi,8;A,93d 11" T�iemnGtii TFt,FTTRJ[i #5476G�6 4.5 Tem�Oon Ghl TFt{fTTR�t d�2,558 44 ■ A�8 Fta�Esuec � 3�7_3D �r i ■ ASB Rr al Estake �,3�_9.7d1 9 p • pr~e��� ^�..-�erf�� �?qDE G�8 ■ f1ec��l 8 DisL�ursemen7 :���..:8 1 7 ■ _ _ C0 ■ Gheea��neAc�tount �IQ pv� � TequestA Public Safety Officers'Pension Fund Asset Allocntfon vs Other Public Plans As of Septtmber 30,2018 Ptan Spo�sor TF Mset AMoc.atlon va,AI�PubNc Plans-Total Fund "o 0 4a o e0 0 J2 O � �4 D � — ?3 0 c 0 � u o � � _ .. _��� � � 7�.�, � 4.D � i � �a -�=v US Eqwty IntL Equiry US Fixed Income Intl.Fixed Income AlternaUve Inv. Real Estate Cash O Teque�a Punl�c�afery Uf6cers 4�'fr." ;3�� 14 57 t37i s7.70 (53i 4.37 S63) U.00 B.80 (43y 1.70 i,•10i 5tr�Pr,rcent,�e b5.�3 '_'t 5E 44.05 7.a3 15.73 13.8? 9.SF3 tst auar�t�e 5�s 63 15 28 33.7Q 4.�2 11.62 5.9'_ 2.38 [aledan 47 8_' 14 tfi �8.84 4.51 7.18 BA3 1 1 t 3na Uuarwe 4 i:�.7 1 t ft5 24.08 4.19 3.80 5.10 0 55 �Sm PertenUfe 35 B3 7 58 16.58 3.15 0.91 ''.'?8 �7 4S Fe�;xt':tt:f�e t F5 13fi 5�: 18 Tti 1:�8 � 09/30/ 18 r r R rn u a te et u s Total Fund (Gross) 3 .66% vs bench at 3 . 91 % . Dom . Equity 6 .84% vs bench at 7 . 12% Intern 'I Equity -0 . 84% vs bench at 0 .80% Dom . Fixed Inc. 0 . 01 % vs bench at 0 .02% Global Fixed Inc. 1 . 38% vs bench at 0 . 57% Real Estate 1 .96% vs bench at 2 .08% � Tequests Pul�lic Safety OHicers'Pension Fund Trailing Returns A�of Scptam�r 30.2018 OTR FYTD 1 YR 3 YR 5 YR Incepi�on ��0�19� Uate 7ota!fui�d I�nssl �.66 (32) 9.$9 127) 9,83 (27) 9.90 (66) 7.91 (64) 8»95 (58} 06�01t2005 � � � �� , � �.-t ;; i i .ui r� ;� � , � ,. � � ����, ..,�;.,u; � � . u;�i-t � ��.� ToW!Fund(t�ct} 3.60 9.56 9,55 9,62 T,66 6.57 0�'01;T005 Tatal Equity 5.08 13.59 11.58 7��28 10.60 T.88 0+1�01fi2005 " � _ , ,� _- �11 �_ Domes�cEqwry 6.64 (31) 17.44 (23) 17.44 �27) 14.28 �56) 11.71 �49) 8.49 (4�j 011D1!2005 _ _ _ _. �Y�r� __ . l , _ _�i; 1��J7 I�i i 1._ � I_ i_ _-1 . _ : - _ _.. ��"A.CF+MFi Nle��a� ! � �_� ,i __ _i Internati�►al Equity -U.84 (97) 1.47 �45) 1,47 (45) 9,92 (6) 6.24 �1) 6.87 (1} 05�'01,2810 -- . : . _ _ =�.icy - - -� -- --- =�i: �d��+ _� -, ;_ I= __- - - = = _- _ �;:c,re EG,gty aMF�l.�c.::c: =_ _ '-� +� t� '« --- Total Fbced Income 0.28 0.36 0.36 2.78 2A3 3.64 04/0111005 - - - - - -- - -- i =0 I ,�r - ._ _ -_ Dnn�esUc Fixed Incame 0.01 (75� U.95 (13) 0,95 (13) 2,30 (41) 2.43 �51) 3,64 (79} 04,'01;2U05 _. _ . . _: _ _. .. -�r.POUCy -- � - -' -- �'_= -I _' rr � I :1 . ?i _ I�� �- - _- ' _ _ _._ ._. . -� �ie i`�,A.CF+A4F �.'- _- - _ -- -�J 1 --4-I - _I Global Fixecf incorr� 1.36 (6) -1,92 (67) -1.92 (67) 4,65 (5) 2.17 (25) 2.17 (25) 10r01r1013 _ - - - : - -_ i I�. � _� _ i r -' -- ��' -- - c,#.",F!M@fll3n i i'_� . - I _'� Total Rcal Estate 1.96 (N1A� 8.2� (NfA► 8,24 �N1A) WA N!A 6.83 �NfA) 0610112M6 . ���.,Fr�[�.��fie�i a^cxe�Ev. ., � �.�.c: ,,��lta4 i t:��.i �r�r.. �;P-��� ra�,� r�.�� ru:. :� 09/30/ 18 FYTD Retu rns Total Fund (Gross) 9 .83% vs bench at 9 . 54% . Dom . Equity 17 .44% vs bench at 17 . 58% Intern' I Equity 1 .47% vs bench at 2 .25% Dom . Fixed Inc. 0 .95% vs bench at - 1 .22% Global Fixed Inc. - 1 . 92% vs bench at - 1 . 16% Real Estate 8 .24% vs bench at 8 . 82% See Chart on previous page � �fi f_ �:. '� ..;� . � �� � � � � � ��� �. � : �:r- ��� F � � � � ,{-„. . �� ...--..�. �. ... . � � -..-:�. . . . • .� <'.. �� t-f�-..� . �... .. .�:. ._ �... �. . . ,. . .. .. ..,. " .,. . . . . . . . . . .�.9 bA :ir:, ,,.. . . .ati' y _ t ' 'T i, i t �. �.� .��.. . . ::. � .s .,, . . . „.+•; 1 ,��;.� 3 . � � . . � . . . ... #.5f.� �� `. _.. .. .. � . . , ' ,d. ` V.(I d � �',^,�„-�� .. �� � . . . "/'i+`�' �I Mp b`, . �•� � � f 1t' $ . . � . . . - . . . . .^its 7�r. "j>:%� . ., . . •a�.. . .�„ l L .:.r�s;..'" f X Ot h e r M att rs e The Board had the annual presentation from the custodian , Fiduciary Trust by Amed Avila . ASB (the real estate manager) made their presentation regarding the portfolio . The Board reviewed the quarterly budget report. � Other Ma r tte s The Board's Attorney discussed the following : Amendment 6 Updated Special Tax Notice Records Management Liaison Officer The Board discussed the status of the discussions regarding participation again in the 185 money and the proposed ordinance to allow for participation going forward . �