HomeMy WebLinkAboutDocumentation_Regular_Tab 02_09/11/2014 TEQUESTA PUBLIC SAFETY OFFICERS' PENSION TRUST FUND
Summary of Actions for Quarter ending 06/30/14
(presented September 11, 2014�
1. The regular Board meeting was held on August 4, 2014.
2. Bogdahn (by Tyler Grumbles) reviewed the 06/30/14 quarterly retums. At the
end of #he quarter, the Plan's market value was $10,819,825 and the asset
allocation was Domestic Equity 53.40%, Intemational Equity 11.30%, Fixed
Income 28.70%, Global Fixed Income 4.90%, and Cash Equivalent 1.80%. The
retums for the quarter were:
Quarter Retums:
Total Fund (Gross) 3.57% versus the benchmark at 4.02%.
A. Total Equity 4.22% versus the benchmark at 4.96%,
1. Total Domestic Equity 4.50% versus the benchmark at 4.87%
2. Total Int'I Equity 2.95% versus the benchmark at 5.25%
B. Total Fixed Income was 2.42% versus the benchmark at 2.26%
1. Total Domestic Fixed Income 2.37% versus benchmark at 2.04%
2. Total Diversified Fixed Income 2.67% versus benchmark at 3.62%
Fiscal Year (from 10/01/13 through 6/30/14):
Total Fund (Gross) 9.95% versus the benchmark at 11.99%.
A. Total Equity 13.53% versus the benchmark at 16.17%,
1. Total Domestic Equity 13.92% versus the benchmark at 17.75%
2. Total InYI Equity 11.69% versus the benchmark at 10.99%,
B. Total Fixed Income was 3.86% versus the benchmark at 4.37%
1. Total Domestfc Fixed Income 3.67�o versus benchmark at 3.78%
2. Total Diversified Fixed Income 6.53% versus benchmark at 8.02%
3. The Board received a report from Cindy Farrow at Salem Trust regarding a
reporting issue with a stock split. The matter appears resolved and was an
isolated matter.
4. Board was presented with a proposed amendment to allow the rehire of retired
members which the Board approved sending on to the Village Council.
5. The Board reviewed options for a direct real estate investment and determined
to invite ASB and Principal for a presentation at the next pension board meeting.
6. Board discussed the election for the new police member. Per the Pension Plan
document, since there are less than 10 acfive members a refired police officer
may fill the Trustee position. An election will be set up.
7. The next meeting is scheduled for November 3, 2014.
H:1T�ueste PS 10911SUMRAARY OF ACTIONS12014\Teq FF Summary of Acdons as of OFr3Q-14.wpd
Tequesta Public Safety Officers' Pension Fund
Asset Allocation by Asset Class and Manager
As of June 30. 2014
Asset Ailocation By Segment as of Asset Allocation By Segment aa of
March 31, 2014 : 510,382,883 June 30, 2014 :$10,819,825
I
Allocation Allocation
Segments Market Value Allocation Segments Market Value Allocation
� Domestic Equity 5,516,030 53.1 ■ Domestic Equity 5,775,437 53.4
� International Equity 1,174,605 11.3 Intemational Equity 1,222,482 11.3
■ Domestic Fixed Income 3,003,188 28.9 � Domestic Fixed Income 3,100,871 28.7
Globai Fixed Income 511,204 4.9 Global Fixed Income 529,286 4.9
■ Cash Equivalent 177,856 1.7 ■ Cash Equivalent 191,749 1.8
Ct�t
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Tequesta Public Safety Officers' Pension Fund
Asset Allocation by Asset Class and Manager
As ot June 30. 2014
Asset Allocation By Manager as of Asset Alixation By Manager as of
N�rch 31, 2014 : s10,382,883 Ju� 30, 2014 :=10,819,825
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AUocation Allocation
Market Value Allocation Market Value Allocation
■ PIMCO Total Return Instl (PTTRX) 3,003,188 28.9 ■ PIMCO Total Return Instl (PTTRX) 3,100,871 28.7
?-: GabeIIUGAMCO Value 2,829,413 27.3 Gabelli/GAMCO Value 3,054,274 28.2
■ Brown Advisory (BAFGX) 2,728,248 26.3 ■ Brown Advisory (BAFGX) 2,797,740 25.9
Europacific Growth (RERGX) 1,174,605 11.3 Europacific Growth (RERGX) 1,222,482 11.3
■ Templeton Global Total Retum (FTTRX) 511,204 4.9 ■ Templeton Global Total Return (FTTRX) 529,286 4.9
■ Receipt & Disbursement 135,926 1.3 ■ Receipt & Disbursement 114,873 1.1
Checking Account 298 0.0 Checking Account 299 0.0
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Tequesta Public Safety Officers' Pension Fund
Comparative Performance: Trailing Returns
As of June 30, 2014
Comparative Performance
QTR FYTD 1 YR 3 YR 5 YR 7 YR Inception �nception
Date
Total Fund (Gross) 3.5T (58) 9.94 (81) 74.66 (84) 8.21 (91) 11.86 (76) 5.T5 (44) 6.95 (62) 05/01/2005
i�il "r �i ' I' ��.�'�� 4.L':' �2.4 l. t?�1 (�1 i ? i , i f"',%I 1Q `. r_ i:iU� �_ ., (48) �_ � 6.�� �
l4 PubEic F' �_ ;iai ��.�r�i Median o" �., �, ,_ i=- -- � �_;�i 1,_
Total Fund (Net) 3.52 9.78 14.70 7.88 11.44 5.35 6.51 05/01/2005
Total Equity 4.22 13.52 21.10 11.25 17.28 5.56 7.25 04/01/2005
� ... _ _ 4 96 16.1 % �� � . �4_00 1; _P_,�, 5.,5 4?
Domestic Equity 4.50 (47) 13.91 (77) 20.88 (80) 12.05 (79) 17.97 (49) 6.00 (40) 7.59 (53) 04/01l2005
' � � �,�_�,ityPoiicy G.o7 (:i0t ?i75 (33) � ��11_ � ., i���, �<.�.0!` � .�, r3�t� '.9�� �421
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International Equity 2.95 (90) 11.69 (17) 22.26 (44) 7.53 (37) N!A N/A 9.21 (28) 05/0112010
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Totai Fixed Income 2A2 3.86 5.08 3.10 4.32 4.82 4.42 04/01l2005
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Oomestic Fixed Income 2.37 (32) 3.67 (81) 4.89 (63) 3.03 (92) 4.28 (94) 4.79 (82) 4.40 (83) 04l01/2005
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Global Fixed Income 2.67 (40) 6.53 (24) NIA NIA N/A N/A 6.53 (24) 10/01/2013
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iM Global �ixed income titllF� Nledian 2.38 5.30 6.8�1 3.�6 5.53 5.2b 5.30
Retums for penods greafer than one year are annualized. �I H f-.
Returns are expressed as percentages.
Returns prior to June 2010 do not inciude cash. � B OGDA H N
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Tequesta Public Safety Officers' Pension Fund
Comparative Pertormance: Fiscal Year Returns
As of June 30, 2014
Comparative Performance
Oct-2012 Oct-2011 Oct-2010 Oct-2009 Oct-2008
FYTD To To To To To
Sep-2013 Sep-2012 Sep-2011 Sep-2010 Sep-2009
Total Fund (Gross► 9.94 (81) 11.17 (74) 15.26 (83) 0.23 (51) 14.56 (2) -1.12 (T6)
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Total Fund (Net) 9.78 10.78 14.79 -0.09 13.99 -1.39
Total Equity 13.52 20.30 25.01 -3.81 20.84 -10.99
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Domestic Equity 13.91 (77) 20.73 (70) 26.39 (46) -2.00 (51) 19.94 (2) -10.99 (88)
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International Equity 11.69 (17) 18.18 (82) 18.57 (5) -12.08 (74) N/A N/A
�,Go�� �i cqirty Polic _ � i67) � � � . - �J�-�
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Totai Fixed Income 3.86 -1.47 4.14 4.51 7.12 9.03
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Domestic Fixed Income 3.67 (81) -1.47 (66) 4.14 (98) 4.51 (46) 7.12 (95) 9.03 (83)
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Global Fixed Income 6.53 (24) NUA N/A N/A WA N/A
Global Fixed Inc �,: u<<;�:�x �.02 (9) -1.58 ,, 14.19 �, �; 2.52 12.95 � I�� 19.60 r 167
It�;1 Global Fixed Income (MFj tiiedian 5.30 -1.52 7.34 1.56 7.82 13.91
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