City of San Leandro
Third Quarter 2022
Presented by
Andrew Brown, CFA
City of San Leandro
*Account Inception: 7/1/2009, Initial Contribution received June 2009.Aggregate is composed of account 6746019203, PARS/PRHCP MOD CONSERV HM PLUS, from 07/01/2009 until 08/31/2015, then of its own proprietary account 6746050400,PARS/CITY OF SAN LEANDRO, from 09/01/2015 until 6/30/2021, and then invested into a new proprietary account 6746065601, PARS/CITY OF SAN LEANDRO 115P – OPEB, from7/1/2021 and onwards.. Returns are gross of account level investment advisory fees and net of any fees, including fees to manage mutual fund or exchange traded fund holdings. 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. 2 Quarter
to Date
(3 Months)
Year
to Date
(9 Months) 1 Year 3 Years 5 Years 10 Years
Inception
to Date
07/01/2009
Cash Equivalents .47 .62 .62 .47 1.00 .58 .47
Lipper Money Market Funds Index .49 .63 .63 .47 .97 .54 .41 Total Fixed Income -3.91 -13.79 -14.04 -2.80 -.17 1.03 2.63 Bloomberg US Aggregate Bd Index -4.75 -14.61 -14.60 -3.26 -.27 .89 2.33 Total Equities -5.68 -24.71 -20.06 5.05 5.62 8.84 10.36Large Cap Funds -4.85 -24.91 -18.69 7.91 8.36 11.32 12.13 S&P 500 Composite Index -4.88 -23.87 -15.47 8.16 9.24 11.70 13.04 Mid Cap Funds -3.32 -24.13 -19.22 5.20 6.44 9.04
Russell Midcap Index -3.44 -24.27 -19.39 5.19 6.48 10.30 12.56 Small Cap Funds -3.21 -21.88 -19.28 4.86 5.60 10.57 12.99 Russell 2000 Index -2.19 -25.10 -23.50 4.29 3.55 8.55 10.84 International Equities -10.55 -26.38 -25.18 -.61 -.47 2.88 4.50 MSCI EAFE Index -9.36 -27.09 -25.13 -1.83 -.84 3.67 4.64MSCI EM Free Index -11.57 -27.16 -28.11 -2.07 -1.81 1.05 3.52 RR: REITS -11.01 -29.30 -18.70 -1.68 3.01
Wilshire REIT Index -10.23 -29.66 -17.60 -2.17 2.88 6.15 11.69 Total Managed Portfolio -4.14 -16.46 -15.07 .02 1.91 3.50 4.79 Selected Period Performance
City of San Leandro OPEB Plan
Period Ending: 9/30/2022
Asset Allocation
As of September 30, 2022
City of San Leandro 3
Current Asset Allocation Investment VehicleEquity 26.94% Range: 20%-40% 4,931,503 Large Cap Core 2.74% COFYX Columbia Contrarian Core Inst3 502,142
5.16% VGIAX Vanguard Growth & Income Adm 944,383
Large Cap Value 2.49% DODGX Dodge & Cox Stock Fund 455,576
1.15% IVE iShares S&P 500 Value ETF 210,516
Large Cap Growth 1.58% HNACX Harbor Capital Appreciation Retirement 289,645
1.59% PRUFX T. Rowe Price Growth Stock Fund I 291,015
Mid Cap Core 2.62% IWR iShares Russell Mid-Cap ETF 480,482Small Cap Value 2.04% UBVFX Undiscovered Managers Behavioral Val R6 374,054Small Cap Growth 2.06% VBK Vanguard Small-Cap Growth ETF 377,186International Core 1.72% DFALX DFA Large Cap International I 314,643International Value 0.54% DODFX Dodge & Cox International Stock Fund 98,117International Growth 0.56% MGRDX MFS® International Growth R6 101,956Emerging Markets 1.70% HHHFX Hartford Schroders Emerging Mkts Eq F 312,048Real Estate 0.98% VNQ Vanguard Real Estate ETF 179,741 Fixed Income 68.00% Range: 50%-80% 12,447,477High Yield 1.03% PHIYX PIMCO High Yield Instl 189,141Short-Term 13.87% VFSUX Vanguard Short-Term Investment-Grade Adm 2,539,766Intermediate-Term 17.67% DBLFX DoubleLine Core Fixed Income I 3,234,691
17.77% PTTRX PIMCO Total Return Instl Fund 3,252,13817.65% PTRQX Prudential Total Return Bond Q 3,231,742 Cash 5.07% Range: 0%-20% 927,275
5.07% FGZXX First American Government Oblig Z 927,275
TOTAL 100.00% $18,306,255
City of San Leandro
Performance Inception: 9/01/2021Returns are gross of account level investment advisory fees and net of any fees, including fees to manage mutual fund or exchange traded fund holdings. 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 arenot FDIC insured, have no bank guarantee, and may lose value. 4 Quarter
to Date
(3 Months)
Year
to Date
(9 Months) 1 Year
Inception
to Date
09/01/2021
Cash Equivalents .47 .62 .62 .57
Lipper Money Market Funds Index .49 .63 .63 .58
Total Fixed Income -3.83 -13.73 -14.05 -13.71
Bloomberg US Aggregate Bd Index -4.75 -14.61 -14.60 -14.25 Total Equities -5.64 -24.71 -20.02 -22.47Large Cap Funds -4.85 -24.85 -18.61 -21.09 S&P 500 Composite Index -4.88 -23.87 -15.47 -18.05
Mid Cap Funds -3.32 -24.08 -18.97 -21.46
Russell Midcap Index -3.44 -24.27 -19.39 -21.17
Small Cap Funds -3.21 -21.97 -19.48 -22.64
Russell 2000 Index -2.19 -25.10 -23.50 -24.03
International Equities -10.62 -26.46 -25.33 -27.13
MSCI EAFE Index -9.36 -27.09 -25.13 -25.50MSCI EM Free Index -11.57 -27.16 -28.11 -28.97 RR: REITS -10.99 -29.11 -18.53 -22.78
Wilshire REIT Index -10.23 -29.66 -17.60 -20.31
Total Managed Portfolio -4.37 -18.23 -15.87 -17.17
Selected Period Performance
PARS/CITY OF SAN LEANDRO 115P PENS
Account 6746065600
Period Ending: 9/30/2022
Asset Allocation
As of September 30, 2022
City of San Leandro 5
Current Asset Allocation Investment VehicleEquity 45.21% Range: 40%-60% 2,432,436Large Cap Core 4.69% COFYX Columbia Contrarian Core Inst3 252,475
8.95% VGIAX Vanguard Growth & Income Adm 481,467
Large Cap Value 4.28% DODGX Dodge & Cox Stock Fund 230,031
1.94% IVE iShares S&P 500 Value ETF 104,615
Large Cap Growth 2.73% HNACX Harbor Capital Appreciation Retirement 146,975
2.74% PRUFX T. Rowe Price Growth Stock Fund I 147,670
Mid Cap Core 4.34% IWR iShares Russell Mid-Cap ETF 233,622Small Cap Value 3.38% UBVFX Undiscovered Managers Behavioral Val R6 181,575Small Cap Growth 3.42% VBK Vanguard Small-Cap Growth ETF 184,203International Core 2.70% DFALX DFA Large Cap International I 145,287International Value 0.77% DODFX Dodge & Cox International Stock Fund 41,566International Growth 0.80% MGRDX MFS® International Growth R6 42,799Emerging Markets 2.83% HHHFX Hartford Schroders Emerging Mkts Eq F 152,044Real Estate 1.64% VNQ Vanguard Real Estate ETF 88,107Fixed Income 49.00% Range: 40%-60% 2,636,009High Yield 1.04% PHIYX PIMCO High Yield Instl 55,920Short-Term 10.94% VFSUX Vanguard Short-Term Investment-Grade Adm 588,724Intermediate-Term 12.33% DBLFX DoubleLine Core Fixed Income I 663,479
12.36% PTTRX PIMCO Total Return Instl Fund 665,03412.32% PTRQX Prudential Total Return Bond Q 662,851 Cash 5.79% Range: 0%-20% 311,475
5.79% FGZXX First American Government Oblig Z 311,475
TOTAL 100.00% $5,379,920
City of San Leandro 6
1-Month 3-Month Year-to- 1-Year 3-Year 5-Year 10-Year
Fund Name Return Return Date Return Return Return ReturnColumbia Contrarian Core Inst3 -9.50 -5.67 -23.36 -16.97 8.44 8.36 11.61Vanguard Growth & Income Adm -8.98 -4.48 -22.69 -13.85 8.64 9.26 11.80Dodge & Cox Stock I -9.52 -7.19 -17.89 -13.09 8.46 7.29 11.39iShares S&P 500 Value ETF -8.48 -5.86 -16.69 -9.80 4.93 6.00 9.45Harbor Capital Appreciation Retirement -9.15 -1.80 -36.75 -33.57 8.36 9.90 12.86T. Rowe Price Growth Stock I -9.49 -3.29 -38.69 -35.76 3.60 6.83 11.48S&P 500 TR USD -9.21 -4.88 -23.87 -15.47 8.16 9.24 11.70iShares Russell Mid-Cap ETF -9.28 -3.47 -24.35 -19.51 5.03 6.33 10.13Russell Mid Cap TR USD -9.27 -3.44 -24.27 -19.39 5.19 6.48 10.30Undiscovered Managers Behavioral Val R6 -9.95 -5.61 -13.07 -6.72 9.14 5.99 10.79Russell 2000 Value TR USD -10.19 -4.61 -21.12 -17.69 4.72 2.87 7.94Vanguard Small-Cap Growth ETF -8.99 -0.79 -30.50 -30.09 2.82 5.65 9.15Russell 2000 Growth TR USD -9.00 0.24 -29.28 -29.27 2.94 3.60 8.81Dodge & Cox International Stock I -9.05 -10.69 -19.64 -17.71 0.25 -1.48 4.17DFA Large Cap International I -9.44 -10.05 -25.80 -23.33 -0.75 -0.26 3.83MFS International Growth R6 -7.89 -7.73 -25.61 -21.94 0.99 3.04 5.56MSCI EAFE NR USD -9.35 -9.36 -27.09 -25.13 -1.83 -0.84 3.67Hartford Schroders Emerging Mkts Eq F -10.82 -12.16 -29.54 -31.60 -2.63 -1.70 1.53MSCI EM NR USD -11.72 -11.57 -27.16 -28.11 -2.07 -1.81 1.05Source: SEI Investments, Morningstar Investments
CITY OF SAN LEANDRO
For Period Ending September 30, 2022
LARGE CAP EQUITY FUNDS
MID CAP EQUITY FUNDS
SMALL CAP EQUITY FUNDS
INTERNATIONAL EQUITY FUNDS
Returns less than one year are not annualized. Past performance is no indication of future results. The information presented has been obtained from sources believed to be accurate and reliable. Securities are not FDIC insured, have no bank guarantee and may lose value.
City of San Leandro 7
1-Month 3-Month Year-to- 1-Year 3-Year 5-Year 10-Year
Fund Name Return Return Date Return Return Return ReturnVanguard Real Estate ETF -12.83 -10.98 -29.25 -18.71 -1.62 3.07 6.23PIMCO Total Return Instl -4.31 -4.82 -15.59 -15.65 -3.14 -0.30 1.05PGIM Total Return Bond R6 -4.82 -4.57 -16.77 -16.51 -3.72 -0.14 1.74Vanguard Short-Term Investment-Grade Adm -2.01 -1.87 -7.35 -7.98 -0.74 0.75 1.34DoubleLine Core Fixed Income I -4.13 -4.08 -13.77 -13.96 -3.08 -0.31 1.36Bloomberg US Agg Bond TR USD -4.32 -4.75 -14.61 -14.60 -3.26 -0.27 0.89PIMCO High Yield Instl -3.77 -0.50 -14.37 -13.79 -1.28 1.05 3.45ICE BofA US High Yield Mstr II Index -4.02 -0.68 -14.62 -14.06 -0.67 1.41 3.90Source: SEI Investments, Morningstar Investments
CITY OF SAN LEANDRO
For Period Ending September 30, 2022
REAL ESTATE FUNDS
BOND FUNDS
Returns less than one year are not annualized. Past performance is no indication of future results. The information presented has been obtained from sources believed to be accurate and reliable. Securities are not FDIC insured, have no bank guarantee and may lose value.