City of San Leandro
First Quarter 2023
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) 1 Year 3 Years 5 Years 10 Years
Inception
to Date
07/01/2009
Cash Equivalents 1.05 2.54 .87 1.27 .77 .59
Lipper Money Market Funds Index 1.07 2.59 .89 1.26 .74 .54 Total Fixed Income 2.95 -4.42 -.93 .94 1.35 2.88
Bloomberg US Aggregate Bd Index 2.96 -4.78 -2.77 .91 1.36 2.60 Total Equities 6.27 -8.73 17.09 7.59 9.26 11.10Large Cap Funds 7.75 -9.37 18.38 10.14 11.72 12.79 S&P 500 Composite Index 7.50 -7.73 18.60 11.19 12.24 13.73 Mid Cap Funds 4.21 -8.66 19.27 8.04 9.02
Russell Midcap Index 4.06 -8.78 19.20 8.05 10.05 13.12
Small Cap Funds 3.03 -9.02 20.03 6.65 10.14 13.39
Russell 2000 Index 2.74 -11.61 17.51 4.71 8.04 11.13
International Equities 6.90 -4.07 12.96 2.72 4.32 5.88
MSCI EAFE Index 8.47 -1.38 12.99 3.52 5.00 6.32MSCI EM Free Index 3.96 -10.70 7.83 -.91 2.00 4.38 RR: REITS 2.09 -19.78 9.88 5.83
Wilshire REIT Index 3.32 -21.33 11.03 5.66 5.89 11.83
Total Managed Portfolio 3.78 -5.30 4.44 3.16 3.81 5.16
Selected Period Performance
City of San Leandro OPEB Plan
Period Ending: 3/31/2023
Asset Allocation
As of March 31, 2023
City of San Leandro 3
Current Asset Allocation Investment VehicleEquity 29.31% Range: 20%-40% 5,753,400 Large Cap Core 2.78% COFYX Columbia Contrarian Core Inst3 545,996
5.47% VGIAX Vanguard Growth & Income Adm 1,073,775
Large Cap Value 2.58% DODGX Dodge & Cox Stock Fund 507,211
1.17% IVE iShares S&P 500 Value ETF 229,916
Large Cap Growth 1.63% HNACX Harbor Capital Appreciation Retirement 320,642
1.62% IVW iShares S&P 500 Growth ETF 318,108
Mid Cap Core 2.60% IWR iShares Russell Mid-Cap ETF 509,507Small Cap Value 2.10% UBVFX Undiscovered Managers Behavioral Val R6 412,122Small Cap Growth 2.08% FGROX Emerald Growth Institute 408,305International Core 2.35% DFALX DFA Large Cap International I 460,772International Value 0.84% DODFX Dodge & Cox International Stock Fund 165,672International Growth 0.82% MGRDX MFS® International Growth R6 161,061Emerging Markets 2.30% HHHFX Hartford Schroders Emerging Mkts Eq F 451,562Real Estate 0.96% VNQ Vanguard Real Estate ETF 188,750 Fixed Income 66.13% Range: 50%-80% 12,982,893High Yield 1.04% PHIYX PIMCO High Yield Instl 203,783Short-Term 13.38% VFSUX Vanguard Short-Term Investment-Grade Adm 2,626,737Intermediate-Term 17.23% DBLFX DoubleLine Core Fixed Income I 3,382,303
17.20% DODIX Dodge & Cox Income 3,376,84217.28% PTRQX Prudential Total Return Bond Q 3,393,227 Cash 4.56% Range: 0%-20% 894,922
4.56% FGZXX First American Government Oblig Z 894,922
TOTAL 100.00% $19,631,215
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) 1 Year
Inception
to Date
09/01/2021
Cash Equivalents 1.04 2.54 1.61
Lipper Money Market Funds Index 1.07 2.59 1.63
Total Fixed Income 2.98 -4.42 -6.95
Bloomberg US Aggregate Bd Index 2.96 -4.78 -7.23
Total Equities 6.31 -8.70 -8.11Large Cap Funds 7.71 -9.50 -7.26 S&P 500 Composite Index 7.50 -7.73 -4.36
Mid Cap Funds 4.08 -7.87 -7.59
Russell Midcap Index 4.06 -8.78 -7.89
Small Cap Funds 2.93 -9.17 -10.12
Russell 2000 Inde 2.74 -11.61 -12.44
International Equities 6.85 -4.28 -8.57
MSCI EAFE Index 8.47 -1.38 -4.79MSCI EM Free Index 3.96 -10.70 -14.02 RR: REITS 2.03 -19.39 -12.53
Wilshire REIT Index 3.32 -21.33 -10.39
Total Managed Portfolio 4.45 -4.90 -6.29
Selected Period Performance
PARS/CITY OF SAN LEANDRO 115P PENS
Account ****065600
Period Ending: 3/31/2023
Asset Allocation
As of March 31, 2023
City of San Leandro 5
Current Asset Allocation Investment VehicleEquity 48.40% Range: 40%-60% 6,982,655Large Cap Core 4.68% COFYX Columbia Contrarian Core Inst3 675,394
9.34% VGIAX Vanguard Growth & Income Adm 1,346,842
Large Cap Value 4.37% DODGX Dodge & Cox Stock Fund 629,955
1.93% IVE iShares S&P 500 Value ETF 278,024
Large Cap Growth 2.76% HNACX Harbor Capital Appreciation Retirement 398,867
2.73% IVW iShares S&P 500 Growth ETF 393,626
Mid Cap Core 4.19% IWR iShares Russell Mid-Cap ETF 604,668Small Cap Value 3.43% UBVFX Undiscovered Managers Behavioral Val R6 494,426Small Cap Growth 3.39% FGROX Emerald Growth Institute 489,780International Core 3.68% DFALX DFA Large Cap International I 531,019International Value 1.26% DODFX Dodge & Cox International Stock Fund 182,150International Growth 1.25% MGRDX MFS® International Growth R6 180,810Emerging Markets 3.77% HHHFX Hartford Schroders Emerging Mkts Eq F 543,918Real Estate 1.62% VNQ Vanguard Real Estate ETF 233,176 Fixed Income 47.01% Range: 40%-60% 6,782,079High Yield 1.01% PHIYX PIMCO High Yield Instl 145,843Short-Term 10.51% VFSUX Vanguard Short-Term Investment-Grade Adm 1,515,975Intermediate-Term 11.82% DBLFX DoubleLine Core Fixed Income I 1,705,438
11.81% DODIX Dodge & Cox Income 1,703,98211.86% PTRQX Prudential Total Return Bond Q 1,710,841 Cash 4.59% Range: 0%-20% 662,385
4.59% FGZXX First American Government Oblig Z 662,385
TOTAL 100.00% $14,427,119
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 4.58 8.73 8.73 -8.62 18.20 10.94 11.97Vanguard Growth & Income Adm 2.58 6.47 6.47 -8.16 19.11 10.89 12.18Dodge & Cox Stock I -1.60 1.50 1.50 -6.78 23.34 9.43 11.37iShares S&P 500 Value ETF 1.30 5.13 5.13 -0.34 18.91 9.29 9.98Harbor Capital Appreciation Retirement 8.41 18.32 18.32 -14.66 14.36 10.80 13.99iShares S&P 500 Growth ETF 5.83 9.58 9.58 -15.47 16.63 11.70 13.42S&P 500 TR USD 3.67 7.50 7.50 -7.73 18.60 11.19 12.24iShares Russell Mid-Cap ETF -1.55 4.03 4.03 -8.90 19.01 7.90 9.88Russell Mid Cap TR USD -1.53 4.06 4.06 -8.78 19.20 8.05 10.05Undiscovered Managers Behavioral Val R6 -5.32 0.53 0.53 -3.97 32.79 8.40 10.28Russell 2000 Value TR USD -7.17 -0.66 -0.66 -12.96 21.01 4.55 7.22Emerald Growth Institutional -2.90 4.12 4.12 -11.72 14.43 5.69 10.08Russell 2000 Growth TR USD -2.47 6.07 6.07 -10.60 13.36 4.26 8.49Dodge & Cox International Stock I 0.88 6.15 6.15 -0.46 17.30 2.91 5.06DFA Large Cap International I 2.53 7.93 7.93 -1.26 14.85 3.91 5.18MFS International Growth R6 5.19 9.22 9.22 1.03 13.16 6.73 6.87MSCI EAFE NR USD 2.48 8.47 8.47 -1.38 12.99 3.52 5.00Hartford Schroders Emerging Mkts Eq F 2.96 5.16 5.16 -10.26 7.86 -0.55 2.64MSCI EM NR USD 3.03 3.96 3.96 -10.70 7.83 -0.91 2.00Source: SEI Investments, Morningstar Investments
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
For Period Ending March 31, 2023
LARGE CAP EQUITY FUNDS
MID CAP EQUITY FUNDS
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 -2.10 1.77 1.77 -20.12 9.80 5.80 5.78Dodge & Cox Income I 1.79 3.13 3.13 -3.03 0.13 1.93 2.35PGIM Total Return Bond R6 1.90 3.17 3.17 -6.05 -1.14 0.99 2.07Vanguard Short-Term Investment-Grade Adm 1.54 1.88 1.88 -0.19 0.75 1.59 1.59DoubleLine Core Fixed Income I 2.02 3.56 3.56 -5.03 -0.56 0.68 1.70Bloomberg US Agg Bond TR USD 2.54 2.96 2.96 -4.78 -2.77 0.91 1.36PIMCO High Yield Instl 1.83 3.98 3.98 -2.66 4.55 2.94 3.73Source: SEI Investments, Morningstar Investments
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.
CITY OF SAN LEANDRO
For Period Ending March 31, 2023