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HomeMy WebLinkAboutDocumentation_Regular_Tab 04_12/10/2015 TEQUESTA GENERAL EMPLOYEES' PENSION TRUST FUND Summary of Actions for Quarter ending 09/30/15 Presented December 10, 2015 1. The regular Board meeting was held on November 2, 2015. 2. Bogdahn (by Tyler Grumbles) reviewed the 09/30/15 quarterly returns for the total fund. At the end of the quarter, the Plan's market value was $3,564,699 and the asset allocation was Domestic Equity 46.8%, International Equity 15.0%, Domestic Fixed Income 31.5%, Global Fixed Income 5.0%, and Cash Equivalent 1.7%. The returns for the quarter were: Quarter Returns: Total Fund (Gross) -4.97% versus the benchmark at -4.82%. Total Domestic Equity -7.45% versus the benchmark at -6.44% Total International Equity -9.81 % versus the benchmark at -12.10% Total Domestic Fixed Income was 1.32% versus the benchmark at 1.08% Total Global Fixed Income was -6.79% versus the benchmark at -1.38% Fiscal Year to Date Returns: Total Fund (Gross) 0.06% versus the benchmark at -1.32%. Total Domestic Equity 0.16% versus the benchmark at -0.61 % Total International Equity -4.93% versus the benchmark at -11.78% Total Domestic Fixed Income was 3.31 % versus the benchmark at 2.95% Total Global Fixed Income was -8.14% versus the benchmark at -3.75% 3. The Board was updated on the transition from Salem Trust to Fiduciary Trust. 4. Tyler Grumbles review the Investment Policy Guidelines in detail. No changes were made to the Policy. The Board agreed to have such a review annually. 5. The Board approved the execution of the form 2848 Power of Attorney for the IRS Determination Letter filing. The Board also approved the check for the $2,500 fee to the IRS. 6. Next year's schedule for meetings is February 1, 2016, May 2, 2016. August 1, 2016 and November 7, 2016. PLEASE ADDRESS ANY QUESTIONS IN WRITING AND THE BOARD WILL RESPOND IN KIND. W:\Wdocs\�LP\150097\GM100063515.W PD 00063515.WPD;1 Page 1 of 1 _ __ � �� Z� ��� x � N aU � ¢ G� C �.+ M ^ y G1 V-1 � Q £ _ �� � �� � �� �� � � , °�o�a� �� � in o'� � co �r; '�ri � O O � M � N 9+ C7 Q Q � O O �" G Q W a�i Y- _ N o o, � N m� y a „� c � d� � � � a� � � d .. �+ tn u� d T� 3 V�� M M 7 m fV � QO ��� O C) �� N(D M N I� (O � � � � � Y (O �Ci � O � ` � _ Q d .r +, a+ a N Gf a" �' � � �. 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