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HomeMy WebLinkAboutDocumentation_Regular_Tab 03_10/12/2017 � Summary of Actions for Quarter ending 06/31 /17 Presented September 14 , 2017 ;. - ,���t,s� , - - �-�� ,�`}'�`' . .+�; �"'�r < <• . � . . — r. . . . . _ .. . ���,.:._ � . �r L� ,t�. ..�. x��`�� ' . . . . � � � � s`k�' Y .-�y�-'a ��i� ■ umma �► c � cans The regular quarterly Board meeting was held on J u ly 31 , 2017 . _ The next meeting is scheduled for November 6 , 2017 . � �:,. ����\\�. �������� ��� �� �� ���� �\� ������\\� ��. �\: �� �\����\\\\ �� \��� \\\�������� � \��\�'���\ ����\ ����\ ����� �� ��y� �� \\�� ���\ �.\�� � � ��� o�\���� �� � ������ a � ` ��A` � � �� � \*�� ���� � ��� A� �\� � sZ���,\tiv;������,���\�\�\� ..:� ��\ � ��� \\��\���\� � � ����� .� � . ��� �� � � . �..... :. >. �, .��������\,_. �o��.�a����� ,,��������.A, .,�., �.o���� � �� ��.�����a a a,_ - -r >_�,. _ _ � � ���� � ��� � � � �a"�a `�N � � � \ �1��. . �\��\ .. .. . f A�*C�� ����3 � � diA��i�., .• . � . ��� ���.. . � � � � � � � , � � � `� � . _ � � ,..., ,. r... � � �� � � � � �" � � � .� � � � � � , � � �� � � � ��`���`� � � ����� � y � � � � � � � � ��� �. ��� � ,� ����� � � .� .. __. - � � �� ..� �.� � � ., � � � " .� . , . � � � � �� ���u�� � � � � �� �a� ���� ����������; ' � � � ` � :� t �� � � � g � ry� � �� � �� �.\ a�Ty �?\�\�\����v . '`��� �`��\���� � � � � �.�m��r�� ���� ���a a�`��� � �„ �`a=�° . �..._'.k .. .. . ' c � � � � ������� �. �` . � .. ���a����at ���\�� - � � . �, ��'����� �� \A\ y�." � � ���������',��,�� r.� �.. , � "b�a ��v as� �s� � ��� ��u � � � Q�°� � � � � t � � � �� ��� � �����r � � � 4 g'��", b ��� Yr� .��\���p\ � ��: ... . �\ �� \ ���� a hi�"� ��.��'��.� � ��`���� i ��`' � � . ��, �.. .. a � � � ,_, ; ,�a . �� . �'� � . ����,�'�.,�S� � � ,f�+�u . , , ., ;� � � � � . � .. . . . � � �*� r ���� �� �� 4�� : . s ��.� kT�s ,� �s ai � &+ E � kX b,. g � 1� � � .t . ����� , � �. \ ��l'�(. ,�. 4'��"�-+� � �� .�.q�*��� � �t� `� �� i� ..., , �t�'� � � cs r<�z� ��^r"��. �� \ � .:� �� ,.. � � .�...,. . .... .�::: ...., . \ � ���`�. \�'�� a��C.a�` : ,. e :`��� ��:�.,, �� �. 'Yr s � s i ; : � �� �. \\ \ \\ \ \°\ �� \\�� .�.a.� . R .�'�k l r ���� \� � � � : � ����'� � � c�?�t c�� y��� < '. � ' � �� ���, � � C \ � � ;�� 1 4„��`�� I *'<' �tt I.. b � �'' �' �.VYf C.�iy .:�.�, r ar'3� \ '���a�<j�, � �.: .� g{� s � �� � �3 ���. � .... i ira�. '.��a y , a �. .� �. S �y��. c*. ;. � g , : ,�2' v;� „� i�. � '� . _."�i„� �y.<:e\v.��^�` �t atC x ..`" a�£ .: :. . :: e}.... .�.�� r �,"-.�: � x �� '�:�" w w�r:z \�� �i c��,F"�3��� Z�a"e a� � ���� �� ����i ��� a�,� .;���.�,.:..c.. __ �i°C�,� � a� �''�- �ea ��� � ��� ��A�'� �y V.�Z ��`.���V� � � � 3'n;�� . .. � ����� � � 'C`'� �33.h\�� �� �Mn�_ �a��\�\�\ � .�� � ��� � .�` ���` � 1�� \��� �\ \t \ ��� � ��� ��.:s�`��� ��� , �`�.��� ��� �'°� a� E x�G� ���' �z +��� � ���� �� �~ w t$`,��"�w._.�.,�y�,.»._ ,e �, .�>. .._ n a e o Tyler Grumbles reviewed the 06/30/17 report. At the end of the quarter, the Plan 's market value was $ 13 , 172 ,629 . At the end of the quarter, the asset allocation was: � Domestic Equity 50.3% � International Equity 15.3% � Domestic Fixed I ncome 19.8% � Global Fixed Income 4.9% � Real Estate 9.4% � Cash Equivalent 0.4%. .� . �.. Taqvecta Pubilo Ea^fvt5r�ff�c•ers'IPv�ncBOA��rnal Aa�a1�I�oroatiun,tr�r�Iss�f�Ysc Ai u!Jhnr i[t. tn1$ �n a�,�:�rs..r+4� .w.r�3or7:si:�,�tt,s:n ��... :�. n ._.� � %� _ .,:.:r.: _. :.�....: ,. . wi'S} '.K:i ��`K�.,,. - CSGR'di6Y:FLNi�zSYb'ieF �r�.ee-v.awn�aas`e . ,.. . _ �\\\\� �\��� ,._., i�.• . � �.. `�`\�\��, ,., ��ar.�c.,�;�:r, t 3 � �� �` \� �r-xa k«a,.n� ��� J � ,y�. ��� � ����.� � ��� � � ��.��,��.� ; �r � , ��\\ �\��\���\����� � t �<;. . ���\\��\�\�\\\ � ����\��� ����... �,... � \�� � �, �\�� ����s �� � M�r�yl'rlriaw A�n Nirrkrrl 4 alus AAt�ccMkxt ■ :hxnuslc t✓.$fty fl 5i1 LFS`� il< a �.:�.:i�wd:. �.:�utY N N." :a�+�� N):i � t�iar�4�fi11�t�/ff '.li-•.1.14� 'S:� ::;� �.n'1sr�tiG.�r��:f�f/ 1.:Lltli:l 1�� ■ i.3c�r.+�►r�oc�si 1r�vr�. ,�ss�.+N, :r�J • �n..rr_F'u.d�r�s. 2;stle nk+, ta d t.�al�la;Firid it'r� f4�,51$ �:' �:si�lat Ffas�.'t/1r�art'� !!51�2'Zi #11 ■ itril E�Iw a t:17w',fl�t b t ■ i�o+r�rM t rti�4u? f��1 ■ tr�h Iv:xwYd �±J,{�'!5 .r� • ��a�h Jea�c::�v+°Y 5Y:t1� tl� rJ•,�`'°: ���'�' ■ ana er sse oca � 4n 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 s:, :s. . ���. Yeq�ueeta Pu61lo�a1al�r O�tAa�R'Pfncion Fvnd A,icet Allc�atl�an dy Msna�arr �`i■ur s�.n■.� 1'1�t i` Mreh!1,Si4T:fy�LT�QE� Juw 3i�2�lt:3t3.172JS29 - � T µ� � I .r,r ..:.M:ia�t.r�:...._. .^• . ' � � \ .,r r�i ir+aw_ - . �rwwtcv�►.- .aa �;"- , .; r�,. y��' S'�4i1�.+6�:1�.i�. � ... . ii�RYll,'�4�iW&:.a�`°ld .. �..�..,,� .. :�, ' vw4r�:_,,��;�k+�ww�s �es� a ,r _ ,_>, __, � � - -- . �1'�LC�dMtSR:ar�YY�'�u�F 'r�irv.���•,v �- �� � _ _ : �. . � ., .�. . .��� �����o ,� .: _P �,��a.� ,. . ��o��� ��� \� �. �...�.r._n_�� ;,��,.,. { ��:,�. ,;�r- .�-_� \ ;... � \\\\\\.. ,;'\� \\� \\\� r�a uvrr s,�+a�.�; � i�errra�.Kaw+iM cao.��+�e� �� 11110c�a� S�I�r4d.Viuo A.kicah�xi Fla�i�!'�6p�o �4�sn ■ �.:;m_�ni w�.:Fti,w!'..., :ai_re i. .+JGt; .._ ■ ..'�:�C s���t.. "�d.ri 1�SC'�ttz ,. ■ �re.w�1�l.�.'ksttr`�t;�WF+'�.:;�41 i,IC��,771 t�.� a ��Vt�wy� ;�SAd`'+:iitl - J 0 ■ 'r'r�r�u+r�+i'"dws 6Wrxk Wrluw I+r1re iV'(�3J�,t �;7",."�;310 2�.� � 1�1�tM��Tn��Wr�A Utq�r�VT"t�1A) 9,;'�!]dtA17 �,U a IY�°S t3+a.eh Fur�d Ft�l{I�IFEMJ(1 - �tJ s NARs 43tw�+tuad F�r�4i�l lr2�;282 b 5 � i+Atrsro���rry CA�d��! - �.� • �P�+�1����:�1 �27 3�6 a9 � �iMe�eilk�3+w�CREFO[3X1 1�7 t3M t�f1 �a $si�saieC3turVe+:fl£3�t�.1 ?.t}i$�9i "f5.9 ■ t3rdi FYe�v ,'T,i�r7;i4t 26-� ■ �rsn�r Nrreilo�h �,SAC.� 1G 11 ' '�`.�r�++i3�e.�7urirl�laeu�+�T'7F'� �7.�75 5� ''■�r.�+ti C�tia+l�'m�f�er.n q�T'�tj EPt,� s.� ■ A�9 Rrll� 1;�";B�M �1 ■ J�8 firr�9�a�lrir 1„3�:�tY�' �.+� ■ +�tecar�[�QsilwurrettMx ;,:';7fi iw . -,n��i�fJl�.-+w+'*a+it a"ii_'� ��4 t'aRit;tyil�u'�'! 'f11 ' - '.:'4+tg;.4::u•1 14` :�U ::;.:�o�.. :::����;.� `` ���� �� . . .. - . "1 , � . � �ti �;-, it:, ___ s TaQ�useta Pu�ll�*albty'd8faf�'��ncioA Fv� J4�c.e+E A.IIn+,�Al�o-n rc Q+�hae Fu�lllo Pla�c As rsr Fwnr�G 3t1'I�' rr eao++�s,�..e��w�e w.�,r.f�r Fw,s �lC , ___ E E �� �� � 3 � i �` � n �. & �Y � �' � �.� � „ 3 � �%;:, ��-� � � �� ; � , � �� � , � a,� ° � �� ,_ . �_ +�r �' ,-�- .,� ' _,:.0 � _,_,_,_,��., ____„ L�s E�tr4r 6�L�qu�r u�F^►..S+�r�wno �H�►iFm.a�ns�a �,ti.dM.4n.< R.a�� Carrw • T�y:�,�ir It�4w�`Sr�SJIMs+ar■ 5+.:? I'.C'.; ",i•'.,: !'54;� ^,:A�: i�;� 4 514 ;�✓1i +:�SL� i��I 1�'3:„ ;j�'t (�*, 5a�1"1r*���Ch� SC�� ,"�?8 +14 tt I�1 ,:?e,. LJ.i9 �9 IL' 1r C�arth it bai 't5.?d �5t 3 05 t�A4 i�SY t TS Y�iut �1B dtl s4.t t 9�►]d t�k: �Cb F.i3 �fl7 �d� R2 i'2 1 t.#1 ��:�2 �:db +1�5 t.� �5@ i4lt�pfe� :C�.'ta 7,51� 't2dl� 9.Q1 1 Si6o �:.51i �09 �,� �r� •+:( 1fi: N? 1Y 17! 1�i «��r�iwaa�reyra►Rfr.ny�,� �,�� ;+ . �^�� -`�zc•- ��E ua er e u rr� s Total Fund (Gross) 3 . 27% vs bench at 3 . 01 % . Dom . Equity 3 . 60% vs bench at 3 . 02% Intern ' I Equity 7 . 68% vs bench at 5 . 99% Dom . Fixed I nc. 1 . 37% vs bench at 1 .45% - Global Fixed Inc. -0 . 99% vs bench at 2 . 79% Real Estate 0 . 66% vs bench at 1 . 79% }�. :�. . r4. Y� ��.'�, . .... .. ��'�:... Ysqueeta Puhito#a14xt�r Q�iflo+r�'F�n�1an Furtid Tral■nQ Roturnc Aa nll�vanr i0 SA'I� _(Id I 5'"U 1 Yf+! S"tF+. 5'ti! Itincylks� ���,,'lc�' rc�r�u�efi3►�a., s;�r ��,; r.3a �1�� ,,.r,3 iri� �.sv ii�E �.r.� ��1 a.i� �e,k A�,u3,:� . _:�a�w�,.�-::a,a .. .:u.�.�,� . .. .,. ,..:�: _ _ , ..., a . roc.+��atw� 1u r.x� ,o.r� xy� r.�e ,�ie o�nr�a�a 9'acw�u�,r `�� °' adr3 :� �.s� ,i,E� `° �iin � \ �� z.'��ir` \< �atr�oo3 \ � � � .. ,e. , ,:_ ., , ,��.� , � -c�- ��: .. .• �, .�. ��� �ra Due+�rle kslu�Y itl�1 � �.!!7 �llt !E�'� �p 7.�0 t'�i! �Srtl 1�1 �.�1 1'.Sst 6�Itt1r3(N7d l:�lai LRanw�'r_:.�s*yr� ±L: i.�„Yi i3�: :S:R lfi 5' �I=�f 1J iL� t':� li 5�!! i��i' t�t� i"�:;�. rw .. 3 d� �aq: :_rar Eqt/:y�$�+CF+�AF�� ::;•� �:�u: 7?esra � >�!:► ���•� . _ lr�rtrrrMulwl�ub J.�b 4t�! t� {!M! #t16 d�M x1? (1y 'N.�! IA�! lkiq l�) o3�Vlnlutu f:.t�E,�.-rtL,r:arry f��Iwy �:r, •,5�� is.r. 43� .i.�� a:� i.T iy.� s 8�] ��; 5�• i�� y� t,� ,. ...� .,a ,�.;,�ry Gca�r E�QIAFI f�i�drlY +s r:-a -_,"., ,i++s? :°� 3 y'; e!�a Taed�ia�a�l�c'w�w � ��, ����� ¢bY Z1� �,t.�D ���i�� t�l"1 it] e�� t#5 � � OiliQ9�3liAd � .� � yr: . . .. . . .., . . . 13t�eno�ic fu.�atic�r�. t.37 �11� 4.1t �1F ii�13 � .��6 L� �.�M6 L'�1 t�1! l�'�! 4w1r!!�3 Tat.d S.ti..W,._ �tx�sl l�+�vcrfs F�tY '� cr_1� _J>` r�,� .:f_�• _w_.Tj :"�tl i'_�'1� ;'_! i;;.; d'Jh i'_ F1�f .. .. t: .•+�i ti+a��t�'iz�d�[Ki�RR{3I►+{.`F*��Y�lvf `.R' J..� '-- 1 _ ,'�! . :y t.�+�"r 1�nMr18ta�alr�r �lll� �"!0�! ttt� f!1 71.191J �7i 1�tli I�dA M�IM �e`M It�F til+�t,�ts , •- +�.�'P-u�ss!tM,a.s,ea;.�^atll�c : +�,. �. :,:,�;�; ._. ...y:_� ... .' y! 1•.,, t r• �,ty`, t,;,s,, , ....i . ,r.` � '�t+'f(�}�ffd . _ -. . ' ' -. . . . • ti'. �Ii.���K � .e!... �\ �\� ... \��;.ii' �.�.W��.. � 5�� . .S�.fY f�`w�' �,.'4� �lW�� �if111 :\� \�� I�"IK �.��:� . .1L� ���++nV� �.. "wW�.}�'�IYV�� ?� �.::.. . ...: ' . . .,�;�Y• ..IILj�,�wF 1+f» ..._, P;:��I�1R� ' . � ' '' - .... .. , , q.;�,�., , �. . . . . . . � '�S'�!�iii��'.Y�G r.,•�, � ui.1. ' � .. _ , .. . . � r � F�trM tt iFiL�t���1Wf h4!✓YI�Yi'�'R!'�.fi7 W :� �!i'o!�"i�a jlf��YO M}YOf'::.��1 � liR.`N F+'�7C:rY d)1V J�:YT:�c:.�T+..�1f. a�m ���r� �� ��� � e urns Total Fund (Gross) 7 . 54% vs bench at 9 . 11 % . - Dom . Equity 9 . 57% vs bench at 13 . 52% : Intern ' I Equity 12 . 89% vs bench at 13 . 08% Dom . 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I�' C'?'"� k. �SF�����a..<.a .�.s..��.: ., ......a, > .. .. er a er� Fiduciary Trust, the Board's custodian, made a presentation. � Update on services � Cyber liability issues �� SOC 1 report - unqualified The Board discussed the recommendation to the Village to use the accumulated unused 185 money to create share accounts for the active and retired police officers. The Board listened to a presentation from the attorney on the most recent legislative session. Memo available upon request. Board approved the annual budget forecast. Board discussed process for upcoming Firefighter Trustee election. �; � -� ��� �>. :�:� ..� :�:�.:: V�.,_ ��r ..