Investment Update
Asset Allocation
As of 12/31/2011
|
Investments |
Market Value |
Percentage |
|
U.S. Equities |
$7,722,866,905 |
40.7% |
|
Non-U.S. Equities |
$4,242,666,256 |
22.4% |
|
Global Equity |
$288,167,230 |
1.5% |
|
Real Estate |
$1,381,908,132 |
7.3% |
|
Fixed Income |
$4,701,940,379 |
24.8% |
|
Private Equity |
$350,616,118 |
1.9% |
|
Cash |
$268,069,649 |
1.4% |
|
Total |
$18,956,234,668 |
100.0% |
Top Ten Holdings
As of 12/31/2011
Type of Stocks |
Name |
Market Value |
U.S. |
|
|
|
Exxon Mobil Corp. |
$189,865,197 |
|
Apple Inc. |
$158,631,615 |
|
Chevron Corp |
$123,098,309 |
|
Coca-Cola Co |
$108,315,589 |
|
Procter & Gamble |
$96,137,782 |
|
Philip Morris International |
$95,714,051 |
|
International Business Machine |
$89,130,497 |
|
General Electric |
$88,700,707 |
|
Johnson & Johnson |
$87,868,281 |
|
Microsoft Corp. |
$83,916,764 |
International |
|
|
|
Vodafone Group |
$74,290,533 |
|
Nestle SA |
$65,346,294 |
|
BP PLC |
$43,884,723 |
|
GlaxoSmithKline |
$41,222,493 |
|
Samsung Electronics Co. |
$36,503,773 |
|
HSBC Holdings |
$34,144,239 |
|
Sanofi |
$32,544,906 |
|
Toyota Motor Corp |
$32,392,743 |
|
Cielo SA |
$32,145,220 |
|
Telenor AS |
$31,544,043 |
Performance
Each period ending 12/31/2011
Asset Class |
Quarter |
1 Year |
3 Years |
5 Years |
10 Years |
U.S. Equities |
12.3% |
0.97% |
15.94% |
0.69% |
4.04% |
International Equities |
3.26% |
-13.83% |
10.69% |
-3.31% |
5.49% |
Fixed Income |
1.92% |
8.68% |
9.04% |
6.85% |
6.07% |
Real Estate |
4.71% |
8.42% |
2.3% |
-3.05% |
N/A |
Private Equity |
-2.93% |
5.20% |
-28.57% |
N/A |
N/A |
Total Fund |
6.49% |
-0.63% |
12.24% |
1.23% | 4.99% |
Investment Managers
As of 12/31/2011
U.S. Equities |
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Large Capitalization |
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Northern Trust |
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Fayez Sarofim & Co. |
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INTECH |
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State Street Global Advisors |
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Mid Capitalization |
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Artisan Partners |
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The Boston Company |
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Wellington Asset Management |
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Small Capitalization |
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Dimensional Fund Advisors |
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The Boston Company |
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Wellington Asset Management |
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All Capitalization |
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Eagle Capital Management |
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International Equities |
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Lazard Asset Management |
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Dimensional Fund Advisors |
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BlackRock |
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AllianceBernstein |
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Capital Guardian |
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Jarislowsky Fraser Asset Management |
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New Star Inst. Managers |
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Artisan Partners- EM |
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Pyramis – SC |
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Mondrian- SC |
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Global Equities |
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Acadian Asset Management |
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Fixed Income |
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BlackRock |
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Loomis Sayles |
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StandishMellon |
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Aberdeen Asset Management |
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Pacific Investment Management Co. |
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State Street TIPS |
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Wellington Emerging Market Debt |
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Real Estate |
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REITs |
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Cohen & Steers Global REIT |
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European Investors Global REIT |
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RREEF |
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Core Commingled Funds |
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Principal Global Investors |
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UBS Trumbull Property Fund |
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UBS Trumbull Property Growth & Income Fund |
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Value Added Funds |
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AEW Partners V & VI |
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Heitman Value Partners |
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Angelo Gordon |
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Timber |
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Hancock Timber |
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Private Equity |
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Pathway Capital Management |
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Credit Suisse |
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