HomeMy WebLinkAbout03. Third Quarter 2014 Report for GASB 45 TrustCentral Contra Costa Sanitary District
Third Quarter 2014
Presented by
Andrew Brown, CFA
HIGHMARKG
CAPITAL MANAGEMENT
Sk
CCCSD
Asset Allocation
Total Assets: $36,446,758
Period Ending 9 -30 -14
3Q14 Return: -1.00%
1 Year Return: 7.63%
Inception -to -Date Return:12.20%
Inception Date: 4 -1 -2009
JHIGHMARKe
CAPITAL MANAGEMENT
Fixed Income
$17,294,625
47.5%
Beginning Value $
566,683.26
Net Contributions /Withdrawals
26,616,980.68
Fees Deducted
(236,090.15)
Income Received
3,369,816.97
Market Appreciation
6,129,233.61
Net Change in Accrued Income
30,473.39
Ending Market Value $
36,477,097.76
Cash
$955,182
26%
PARS: Central Contra Costa Sanitary District
Equity
$18,196,951
49.9%
I
:7
Selected Period Performance
PARS /CENTRAL CONTRA COSTA SANT PRHCP
Account 6746030600
Period Ending: 09/30/2014
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.
J HIGHMARK
c PARS: Central Contra Costa Sanitary District
CAPITAL MANAGEMENT I
Year
Inception
to Date
to Date
Sector
3 Months
(9 Months)
1 Year
2 Years
3 Years
5 Years
(66 Months)
Cash Equivalents
.01
.01
.02
.02
.02
.06
.11
iMoneyNet. Inc. Taxable
00
01
.01
02
.02
.02
.03
Total Fixed Income
-.21
3.10
3.63
1.65
3.84
4.62
5.96
BC US Aggregate Bd Index
17
4.10
3.96
1. 10
2.43
4.12
4.77
Total Equities
-1.82
3.21
12.45
17.41
20.65
13.22
18.70
Large Cap Funds
.43
5.86
17.10
20.01
22.95
14.28
19.00
S &P 500 Composite Index
1.13
8.34
19.73
19.54
22.99
15.70
20.42
Mid Cap Funds
-2.45
1.72
9.31
16.41
19.52
Russell Midcap Index
-1.66
6.87
15.83
21.72
23.79
17.19
23.69
Small Cap Funds
-5.32
-.99
7.49
20.39
24.18
17.25
23.49
Russell 2000 Index
-736
-4.41
3.93
16.26
21.26
14.29
20.64
International Equities
-4.13
.40
5.64
7.96
11.07
5.33
13.48
MSCI SAFE Index
-5.88
-1.38
4.25
13.59
13.65
6.56
14.03
MSCI EM Free Index
-3.49
2.43
4.30
2.63
7.19
4.42
13.66
Total Managed Portfolio
-1.00
3.04
7.63
9.01
11.99
8.95
12.20
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.
J HIGHMARK
c PARS: Central Contra Costa Sanitary District
CAPITAL MANAGEMENT I
ASSET ALLOCATION
As of September 30, 2014
Current Asset Allocation Investment Vehicle
Equity
49.93%
Range: 40 % -60%
18,196,951
Large Cap Core
5.71%
SMGIX
Columbia Contrarian Core Cl Z
2,082,434
4.61%
SICWX
Sentinel Common Stock 1
1,679,418
Large Cap Value
2.90%
PRFDX
T. Rowe Price Equity Income Fund
1,057,515
4.40%
LSGIX
Loomis Sayles Value Fund
1,603,494
Large Cap Growth
3.63%
HACAX
Harbor Capital Appreciation Instl
1,322,916
3.62%
PRGFX
T. Rowe Price Growth Stock Fund
1,320,087
Mid Cap Value
2.79%
TIMVX
TIAA -CREF Mid -Cap Value Instl
1,018,583
Mid Cap Growth
2.80%
IYMIX
Ivy Mid Cap Growth Fund 1
1,019,865
Small Cap Value
2.29%
NSVAX
Columbia Small Cap Value Fund II
834,485
Small Cap Growth
2.30%
PRNHX
T. Rowe Price New Horizons Fund
836,605
International Core
3.88%
NWHNX
Nationwide Bailard Intl Equities Fund
1,415,383
International Value
2.98%
DODFX
Dodge & Cox International Stock Fund
1,087,051
International Growth
2.00%
MQGIX
MFS International Growth Fund
727,431
Tactical - Europe
2.55%
FEZ
SPDR EURO STOXX50 ETF
930,449
Emerging Markets
3.46%
SEMNX
Schroder Emerging Market Equity
1,261,234
Fixed Income
47.45%
Range: 40 % -60%
17,294,625
Short-Term
11.90%
VFSUX
Vanguard Short-Term Corp Adm Fund
4,335,676
Intermediate -Term
17.79%
NWJJX
Nationwide HighMark Bond Fund
6,485,455
17.76%
PTTRX
PIMCO Total Return Instl Fund
6,473,494
Cash
2.62%
Range: 0 % -20%
955,182
2.62%
FPZXX
Money Market
955,182
TOTAL 100.00% $36,446,758
JHIGHMARK6
CAPITAL MANAGEMENT
PARS: Central Contra Costa Sanitary District
i
PARS /CENTRAL CONTRA COSTA SANITARY DISTRICT
For Period Ending September 30, 2014
;LARGE CAP EQUITY FUNDS
Data Source: Morningstar, SEl 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.
-A HIGHMARK�
CAPITAL MANAGEMENT
PARS: Central Contra Costa Sanitary District
3 -Month
YTD
1 -Year
3 -Year
5 -Year
Fund Name
Inception
Return
Rank
Return
Rank
Return
Rank
Return
Rank
Return
Rank
Sentinel Common Stock 1
(7/13)
1.05
23
6.27
60
16.03
64
21.41
59
14.64
41
Columbia Contrarian Core Z
(7/13)
1.55
8
7.86
28
19.20
26
24.73
9
16.10
10
T. Rowe Price Equity Income
-1.68
86
4.34
87
13.44
87
21.16
60
13.84
47
Harbor Capital Appreciation Instl
1.91
22
6.46
33
19.17
18
22.00
40
15.70
28
Loomis Sayles Value Fund
(7/11)
0.04
29
6.68
50
18.27
22
24.87
7
14.28
37
T. Rowe Price Growth Stock
1.56
30
4.34
69
16.82
44
23.86
13
16.90
11
Idx: Russell 1000
0.65
-
7.97
-
19.01
-
23.23
15.90
--
• CAP
EQUITY
FUNDS
TIAA -CREF Mid -Cap Value Instl
-2.77
38
6.50
20
15.54
27
22.73
51
15.27
49
Idx: Russell Mid Cap Value
-2.65
--
8.20
17.46
--
24.72
17.24
-
Ivy Mid Cap Growth 1
(11/12)
-2.10
49
1.73
52
8.96
61
19.38
62
15.46
40
Idx: Russell Mid Cap Growth
-0.73
5.73
14.43
22.74
17.12
--
EQUITY
•
Columbia Small Cap Value 11 Z
-6.79
42
-2.02
38
6.44
48
22.98
23
14.85
20
Idx: Russell 2000 Value
-8.58
--
-4.74
-
4.13
-
20.61
13.02
T. Rowe Price New Horizons
-3.77
13
-0.82
12
7.81
14
25.12
2
20.99
1
Idx: Russell 2000 Growth
-6.13
-4.05
-
3.79
-
21.91
15.51
INTERNATIONAL
•
Dodge & Cox International Stock
-2.71
3
4.97
1
13.19
1
18.70
2
9.38
4
Nationwide Bailard Intl Eqs InSvc
-4.86
23
-0.84
30
7.68
6
14.95
15
7.21
27
MFS International Growth 1
-6.55
78
-3.00
58
0.11
74
11.93
70
7.41
53
Idx: MSCI SAFE
-5.88
-1.38
4.25
--
13.65
-
6.56
Schroder Emerging Market Equity
(11/12)
-3.62
46
-0.08
74
1.87
78
8.31
42
4.09
50
Idx: MSCI Emerging Markets
-3.49
2.43
--
4.30
7.19
4.42
--
SPDR EURO STOXX 50 ETF
(6/14)
-7.57
53
-2.34
73
7.18
50
15.70
56
3.04
100
Pimco Total Return Inst'I
-0.36
80
3.33
79
3.29
78
4.57
20
5.07
39
Vanguard Short-Term Investment -Grade Adm
-0.06
28
1.64
15
226
16
2.60
21
3.19
23
Nationwide HighMark Bond InSvc
-0.15
61
3.80
65
4.36
47
3.63
41
4.82
47
BarCap US Aggregate Bond
0.17
-
4.10
3.96
--
2.43
--
4.12
Data Source: Morningstar, SEl 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.
-A HIGHMARK�
CAPITAL MANAGEMENT
PARS: Central Contra Costa Sanitary District