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Home My WebLink About07. First Quarter 2014 Report from HighMark Capital ManagementCentral Contra Costa Sanitary District First Quarter 2014 Presented by Andrew Brown, CFA FROPU _ CAPITAL MANAGEMENT 00+" J� CCCSD Asset Allocation Total Assets: $34,460,767 Period Ending 3 -31 -14 1Q14 Return: 1.28% 1 Year Return: 9.91 % Inception -to -Date Return: 13.11 % Inception Date: 4 -1 -2009 Fixed Income $16,826,563 48.8% J HIGHMARKC CAPITAL MANAGEMENT Cash $1,277,930 3.7% PARS: Central Contra Costa Sanitary District Equity $16,356,274 47.5% ,i -Z.> Selected Period Performance PARS /CENTRAL CONTRA COSTA SANT PRHCP Account 6746030600 Period Ending: 03/31/2014 Account Inception: 4/1/2009 Returns are gross -of -fees unless otherwise noted. Returns for periods over one year are annualized. The information presented has been obtained from sources believed to be accurate and reliable. Past performance is not indicative of future returns. Securities are not FDIC insured, have no bank guarantee, and may lose value. HIGHMARK6 PARS: Central Contra Costa Sanitary District CAPITAL MANAGEMENT Year Inception to Date to Date Sector (3 Months) 1 Year 3 Years (5 Years) Cash Equivalents .00 .01 .02 .12 iMoneyNet, Inc. Taxable .00 .00 .00 .01 Total Fixed Income 1.48 .21 3.97 6.23 BC US Aggregate Bd Index 1.84 -.09 3.76 4.81 Total Equities 1.14 21.58 12.22 20.26 Large Cap Funds 1.16 24.09 13.94 19.99 S &P 500 Composite Index 1.80 21.86 14.65 21.15 Mid Cap Funds 1.44 19.19 12.19 Russell Midcap Index 3.53 23.51 14.37 25.55 Small Cap Funds 2.37 29.63 15.89 26.97 Russell 2000 Index 1.12 24.90 13.19 24.31 International Equities -.03 8.73 2.32 14.82 MSC/ SAFE Index .66 17.57 7.22 16.02 MSCI EM Free Index -.43 -1.45 -2.87 14.47 Total Managed Portfolio 1.28 9.91 7.97 13.11 Account Inception: 4/1/2009 Returns are gross -of -fees unless otherwise noted. Returns for periods over one year are annualized. The information presented has been obtained from sources believed to be accurate and reliable. Past performance is not indicative of future returns. Securities are not FDIC insured, have no bank guarantee, and may lose value. HIGHMARK6 PARS: Central Contra Costa Sanitary District CAPITAL MANAGEMENT ASSET ALLOCATION As of March 31, 2014 Current Asset Allocation Investment Vehicle Equity 47.46% Range: 40 % -60% 16,356,274 Large Cap Core 5.29% SMGIX Columbia Contrarian Core Cl Z 1,823,619 4.34% SICWX Sentinel Common Stock 1 1,494,070 Large Cap Value 3.24% PRFDX T. Rowe Price Equity Income Fund 1,116,592 4.83% LSGIX Loomis Sayles Value Fund 1,665,898 Large Cap Growth 3.83% HACAX Harbor Capital Appreciation Instl 1,319,174 3.85% PRGFX T. Rowe Price Growth Stock Fund 1,326,775 Mid Cap Value 2.61% TIMVX TIAA -CREF Mid -Cap Value Instl 900,010 Mid Cap Growth 2.54% NWHYX Nationwide Geneva Mid Cap Growth Fund 874,176 Small Cap Value 2.78% NSVAX Columbia Small Cap Value Fund II 956,761 Small Cap Growth 2.68% PRNHX T. Rowe Price New Horizons Fund 924,666 International Core 3.06% NWHNX Nationwide Bailard Intl Equities Fund 1,053,245 International Value 3.10% DODFX Dodge & Cox International Stock Fund 1,067,511 International Growth 2.06% MQGIX MFS International Growth Fund 709,822 Emerging Markets 3.26% SEMNX Schroder Emerging Market Equity 1,123,954 Fixed Income 48.83% Range: 40 % -60% 16,826,563 Short -Term 12.57% VFSUX Vanguard Short -Term Corp Adm Fund 4,330,405 Intermediate -Term 17.14% NWJJX Nationwide HighMark Bond Fund 5,905,579 17.12% PTTRX PIMCO Total Return Instl Fund 5,900,341 High Yield 2.00% PHIYX PIMCO High Yield Instl Fund 690,239 Cash 3.71% Range: 0 % -20% 1,277,929 3.71% FPZXX Money Market 1,277,929 TOTAL 100.00% $34,460,767 -A HIGHMARKe PARS: Central Contra Costa Sanitary District CAPITAL MANAGEMENT _,_ PARS /CENTRAL CONTRA COSTA SANITARY DISTRICT For Period Ending December 31, 2013 Dodge & Cox International Stock 2.76 R 9QUITY11IN .A 25.25 8.79 9 �t �! 9.25 7 YTD 1.45 1 -Year 18.02 3 -Year 7.06 5 -Year 16.31 10 -Year 7.69 Fund Name MFS International Growth 1 Return Rank Return Rank Return Rank Return Rank Return Rank Columbia Contrarian Core Cl Z (6/11) 1.02 78 23.04 28 15.38 13 22.54 9 9.59 2 T. Rowe Price Equity Income (8/10) 1.59 80 18.55 75 13.24 52 21.26 21 7.52 32 Harbor Capital Appreciation Insti (7/10) -0.12 65 28.60 11 15.22 14 20.57 38 8.46 23 Loomis Sayles Value Fund (8/11) 2.46 40 23.67 19 14.75 18 20.10 42 9.21 4 Sentinel Common Stock Fd Cl 1 (6/12) 1.31 67 19.89 70 13.51 49 20.38 42 8.37 12 T. Rowe Price Growth Stock 21 -1.24 87 27.62 14 15.46 12 22.03 19 8.59 21 Idx: Russell 1000 4.80 2.05 -- 22.41 -- 14.75 -- 21.73 -- 7.80 -- 16.23 44 7.67 37 Credit Suisse High Yield Index 3.07 -- 7.67 -- 8.92 -- 17.46 -- 8.39 MID CAP EQUITY FUNDS TIAA -CREF Mid -Cap Value Insti (2/10) 4.13 18 22.61 53 13.73 46 23.60 52 10.24 10 Idx: Russell Mid Cap Value 5.22 -- 22.95 -- 15.17 -- 26.35 -- 10.24 Nationwide Geneva Mid Cap Growth (2/10) -1.07 91 16.81 95 11.00 58 21.72 59 9.82 29 Idx: Russell Mid Cap Growth 2.04 -- 24.22 -- 13.52 -- 24.73 -- 9.47 -- A• EQUITY Columbia Small Cap Value II Z 2.22 33 25.71 24 13.44 34 24.71 47 9.87 18 Idx: Russell 2000 Value 1.78 -- 22.65 -- 12.74 -- 23.33 -- 8.07 T. Rowe Price New Horizons 1.71 20 33.71 9 19.45 1 30.53 1 12.04 3 Idx: Russell 2000 Growth 0.48 -- 27.19 -- 13.61 -- 25.24 -- 8.87 -- Dodge & Cox International Stock 2.76 4 25.25 1 8.79 9 20.52 4 9.25 7 Nationwide Bailard Intl Eqs InSvc 1.45 16 18.02 20 7.06 27 16.31 24 7.69 21 MFS International Growth 1 -0.93 64 8.11 87 6.07 50 16.48 45 8.08 21 Idx: MSCI EAFE 0.66 -- 17.56 -- 7.21 -- 16.02 -- 6.53 -- Schroder Emerging Market Equity (11/12) -2.63 86 -2.22 53 -2.20 44 14.04 53 -- -- Idx: MSCI Emerging Markets -0.43 -- -1.45 -- -2.87 -- 14.47 -- 10.11 -- Nationwide HighMark Bond InSvc 2.02 46 0.50 38 4.34 36 6.21 57 4.75 32 Pimco Total Return Inst'I 1.30 85 -1.24 88 4.15 43 6.87 44 5.89 5 Vanguard Short-Term Investment -Grade Adm 0.82 20 1.41 17 2.62 21 5.09 20 3.64 18 BarCap US Aggregate Bond 1.84 -- -0.10 -- 3.75 -- 4.80 -- 4.46 -- Pimco High Yield Inst'I (6) (2/12) 2.71 52 6.26 64 7.78 49 16.23 44 7.67 37 Credit Suisse High Yield Index 3.07 -- 7.67 -- 8.92 -- 17.46 -- 8.39 -- Data Source: Morningstar, SD Investments Returns less than one year are not annualized. Past performance is not indicative of future returns. The information presented has been obtained from sources believed accurate and reliable. Securities are not FDIC insured, have no bank guarantee and may lose value. JHIGHMARK'g PARS: Central Contra Costa Sanitary District CAPITAL MANAGEMENT