Retirement Fund – September 30, 2008 Asset Allocation
September 30 , 2008 Asset Allocation ($ thousands)
Retirement Fund (1) (2)
|
Asset Allocation |
|||||
|
Sector |
U.S. |
Int'l |
Total |
% |
|
|---|---|---|---|---|---|
|
Equity |
Alliance Capital |
$186,475 |
$12,962 |
199,437 |
8.3% |
|
AllianceBernstein |
86,944 |
10,583 |
97,527 |
4.1% |
|
|
American Century |
99,657 |
4,626 |
104,283 |
4.3% |
|
|
Artisan Partners |
112,443 |
9,916 |
122,359 |
5.1% |
|
|
EARNEST Partners |
150,477 |
0 |
150,477 |
6.3% |
|
|
GAMCO Investors |
135,802 |
5,539 |
141,341 |
5.9% |
|
|
AllianceBernstein- Int’l |
0 |
108,851 |
108,851 |
4.5% |
|
|
Capital Guardian- Int'l |
0 |
175,030 |
175,030 |
7.3% |
|
|
JP Morgan |
0 |
134,657 |
134,657 |
5.6% |
|
|
Cap Guardian- Emerg |
0 |
73,561 |
73,561 |
3.1% |
|
|
Templeton Inv- Emerg |
0 |
63,182 |
63,182 |
2.6% |
|
|
Total |
$771,798 |
$598,907 |
$1,370,705 |
||
|
% |
32.2% |
25.0% |
57.1% |
||
|
Target Range |
27 - 37% |
16.5 - 36.5% |
43.5 - 73.5% |
||
|
|
|||||
|
Alternatives: Abs Return |
Bridgewater |
26,344 |
1.1% |
||
|
Corbin Capital |
34,000 |
1.4% |
|||
| Ramius Capital | 29,606 | 1.2% | |||
|
Total |
$89,950 |
||||
|
% |
3.7% |
||||
|
Target Range |
0 - 10% |
||||
|
|
|||||
|
Alternatives: Private Eq |
Cerberus Series Four |
5,343 |
0.2% |
||
|
Crosslink Crossover V |
14,910 |
0.6% |
|||
|
JF Lehman Equity II |
3,195 |
0.1% |
|||
|
MidOcean III-A |
2,156 |
0.1% |
|||
|
Oakwood V |
1,386 |
0.1% |
|||
|
Quadrangle Cap II |
5,821 |
0.2% |
|||
|
RiverVest II |
1,211 |
0.1% |
|||
|
Thompson Street II |
1,329 |
0.1% |
|||
|
Vectis Life Sci I |
4,225 |
0.2% |
|||
|
Vestar Capital V |
7,097 |
0.3% |
|||
|
Warburg Pincus X |
5,149 |
0.2% |
|||
|
Welsh Carson X |
8,643 |
0.4% |
|||
|
Total |
$60,465 |
||||
|
% |
2.5% |
||||
|
Target Range |
0 - 10% |
||||
|
|
|||||
|
Real Estate |
RREEF America II |
93,169 |
3.9% |
||
|
TA Realty Fund V |
17,016 |
0.7% |
|||
|
TA Realty Fund VIII |
73,092 |
3.0% |
|||
|
Total |
$183,277 |
||||
|
% |
7.6% |
||||
|
Target Range |
2.5 - 12.5% |
||||
|
|
|||||
|
Fixed Income |
Capital Guardian |
230,560 |
9.6% |
||
|
PIMCO Global F.I. |
231,113 |
9.6% |
|||
|
Total |
$461,673 |
||||
|
% |
19.2% |
||||
|
Target Range |
12 - 22% |
||||
|
|
|||||
|
TIPS |
NISA TIPS |
118,012 |
4.9% |
||
|
PIMCO TIPS |
115,480 |
4.8% |
|||
|
Total |
$233,492 |
|
|||
|
% |
9.7% |
||||
|
Target Range |
2 - 12% |
||||
|
|
|||||
|
Fund |
$2,399,562 |
100.0% |
|||
|
Cash for benefit payments |
45,009 |
||||
|
Total Fund |
$2,444,571 |
||||
Notes:
- All amounts are U.S. dollars; all amounts are market value.
- Percentages shown are on the base of invested assets; i.e., they do not include the cash for benefit payments.
Reviewed 2011-02-22.