City of San Leandro
Second 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, from 7/1/2021 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
(6 Months) 1 Year 3 Years 5 Years 10 Years
Inception
to Date
07/01/2009
Cash Equivalents 1.21 2.27 3.63 1.26 1.44 .89 .67
Lipper Money Market Funds Index 1.21 2.30 3.70 1.27 1.43 .86 .62 Total Fixed Income -.08 2.86 .60 -2.63 1.00 1.60 2.82
Bloomberg US Aggregate Bd Index (USD) -.84 2.09 -.94 -3.96 .77 1.52 2.49 Total Equities 6.39 13.07 15.56 11.85 8.45 9.80 11.38
Large Cap Funds 9.28 17.75 19.44 13.95 11.34 12.38 13.26 S&P 500 Composite Index 8.74 16.89 19.59 14.60 12.31 12.86 14.15 Mid Cap Funds 4.68 9.09 15.04 12.58 8.44 9.37
Russell Midcap Index 4.76 9.01 14.92 12.50 8.46 10.32 13.25 Small Cap Funds 4.22 7.38 12.56 11.99 5.97 10.18 13.47
Russell 2000 Index (USD) 5.21 8.09 12.31 10.82 4.21 8.26 11.32 International Equities 2.30 9.36 12.03 7.72 4.22 5.08 5.94 MSCI EAFE Index (Net) 2.95 11.67 18.77 8.93 4.39 5.41 6.42 MSCI EM Free Index (Net USD) .90 4.89 1.75 2.32 .93 2.95 4.37 REIT Funds 1.74 3.87 -3.52 5.82 4.38
Wilshire REIT Index 3.31 6.73 -.31 8.55 4.40 6.39 11.86 Total Managed Portfolio 1.81 5.66 4.83 1.88 3.43 4.13 5.20 Selected Period Performance
City of San Leandro OPEB Plan
Period Ending 6/30/2023
Asset Allocation – City of San Leandro OPEB Plan
As of June 30, 2023
City of San Leandro 3
Current Asset Allocation Investment Vehicle
Equity 28.85% Range: 20%-40% $5,759,126
Large Cap Core 2.75% COFYX Columbia Contrarian Core Cl Z $549,073
5.40% VGIAX Vanguard Growth & Income Adm $1,077,702
Large Cap Value 1.17% IVE iShares S&P 500 Value ETF $232,758
2.56% DODGX Dodge & Cox Stock Fund $510,694
Large Cap Growth 1.60% HNACX Harbor Capital Appreciation Retirement $319,596
1.62% IVW iShares S&P 500 Growth ETF $322,869
Mid Cap Core 2.59% IWR iShares Russell Mid-Cap ETF $518,002 Small Cap Value 2.05% UBVFX Undiscovered Mgrs Behavioral Value R6 $409,053 Small Cap Growth 2.05% FGROX Emerald Growth Fund Inst $409,003 International Core 2.25% DFALX DFA Large Cap International I $449,714 International Value 0.81% DODFX Dodge & Cox International Stock Fund $162,557 International Growth 0.81% MGRDX MFS® International Growth R6 $161,571 Emerging Markets 2.24% HHHFX Hartford Schroders Emerging Mkts Eq $446,602 Real Estate 0.95% VNQ Vanguard Real Estate ETF $189,932 Fixed Income 66.57% Range: 50%-80% $13,290,512
Short-Term 6.42% VFSUX Vanguard Short-Term Investment-Grade Adm $1,281,492 Intermediate-Term 17.31% DODIX Dodge & Cox Income Fund $3,455,135
17.38% DBLFX DoubleLine Core Income Fund $3,468,946
17.45% PTRQX Prudential Total Return Bond Q $3,483,204
4.01% GOVT iShares US Treasury ETF $800,309
Mortgage Backed 4.01% MBB iShares MBB ETF $801,426
Cash 4.58% Range: 0%-20% $914,662
4.58% FGZXX First American Government Oblig Z $914,662
TOTAL 100.00% $19,964,300
City of San Leandro
Performance Inception: 9/01/2021
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. 4 Quarter
to Date
(3 Months)
Year
to Date
(6 Months) 1 Year
Inception
to Date
09/01/2021
Cash Equivalents 1.21 2.26 3.64 2.05
Lipper Money Market Funds Index 1.21 2.30 3.70 2.08
Total Fixed Income -.09 2.89 .58 -6.08
Bloomberg US Aggregate Bd Index (USD) -.84 2.09 -.94 -6.71 Total Equities 6.48 13.20 15.79 -3.81
Large Cap Funds 9.29 17.71 19.28 -1.65
S&P 500 Composite Index 8.74 16.89 19.59 .73
Mid Cap Funds 4.69 8.96 16.05 -4.22
Russell Midcap Index 4.76 9.01 14.92 -4.46
Small Cap Funds 4.25 7.30 12.53 -6.71
Russell 2000 Index (USD) 5.21 8.09 12.31 -8.34
International Equities 2.28 9.28 11.78 -6.30
MSCI EAFE Index (Net) 2.95 11.67 18.77 -2.62
MSCI EM Free Index (Net USD) .90 4.89 1.75 -11.81
REIT Funds 1.74 3.81 -3.05 -10.07
Wilshire REIT Index 3.31 6.73 -.31 -7.41
Total Managed Portfolio 3.08 7.66 9.06 -3.88
Selected Period Performance
City of San Leandro 115P Pension
Account *****65600
Period Ending 6/30/2023
Asset Allocation – City of San Leandro 115P Pension
As of June 30, 2023
City of San Leandro 5
Current Asset Allocation Investment Vehicle
Equity 47.89% Range: 40%-60% $7,114,000
Large Cap Core 4.65% COFYX Columbia Contrarian Core Cl Z $690,507
9.25% VGIAX Vanguard Growth & Income Adm $1,374,270
Large Cap Value 1.93% IVE iShares S&P 500 Value ETF $287,241
4.37% DODGX Dodge & Cox Stock Fund $649,029
Large Cap Growth 2.72% HNACX Harbor Capital Appreciation Retirement $404,184
2.74% IVW iShares S&P 500 Growth ETF $407,727
Mid Cap Core 4.23% IWR iShares Russell Mid-Cap ETF $627,985 Small Cap Value 3.36% UBVFX Undiscovered Mgrs Behavioral Value R6 $498,934 Small Cap Growth 3.36% FGROX Emerald Growth Fund Inst $498,791 International Core 3.55% DFALX DFA Large Cap International I $526,887 International Value 1.22% DODFX Dodge & Cox International Stock Fund $181,671 International Growth 1.21% MGRDX MFS® International Growth R6 $180,368 Emerging Markets 3.68% HHHFX Hartford Schroders Emerging Mkts Eq $546,924 Real Estate 1.61% VNQ Vanguard Real Estate ETF $239,483 Fixed Income 47.53% Range: 40%-60% $7,059,944
Short-Term 5.62% VFSUX Vanguard Short-Term Investment-Grade Adm $834,407 Intermediate-Term 11.92% DODIX Dodge & Cox Income Fund $1,771,126
11.97% DBLFX DoubleLine Core Income Fund $1,778,193
12.02% PTRQX Prudential Total Return Bond Q $1,785,512
3.00% GOVT iShares US Treasury ETF $444,993
Mortgage Backed 3.00% MBB iShares MBB ETF $445,713
Cash 4.58% Range: 0%-20% $679,992
4.58% FGZXX First American Government Oblig Z $679,992
TOTAL 100.00% $14,853,937
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 Return Columbia Contrarian Core Inst3 6.58 11.06 20.75 21.21 15.02 12.88 12.78 Vanguard Growth & Income Adm 7.16 8.50 15.52 18.31 14.72 11.92 12.74 Dodge & Cox Stock I 6.91 5.58 7.15 12.37 18.18 10.02 11.41 iShares S&P 500 Value ETF 6.86 6.60 12.06 19.78 16.58 10.39 10.33 Harbor Capital Appreciation Retirement 6.84 15.74 36.94 32.51 8.83 12.69 15.40 iShares S&P 500 Growth ETF 6.36 10.54 21.13 18.04 11.60 12.81 14.28 S&P 500 TR USD 6.61 8.74 16.89 19.59 14.60 12.31 12.86
iShares Russell Mid-Cap ETF 8.33 4.73 8.94 14.79 12.32 8.31 10.15 Russell Mid Cap TR USD 8.34 4.76 9.01 14.92 12.50 8.46 10.32 Undiscovered Managers Behavioral Val R6 7.38 -0.17 0.36 7.78 24.50 6.90 9.90 Emerald Growth Institutional 8.17 8.78 13.26 20.32 7.22 5.66 10.41 Russell 2000 TR USD 8.13 5.21 8.09 12.31 10.82 4.21 8.26 Dodge & Cox International Stock I 7.02 4.31 10.72 14.70 12.78 4.88 5.33 DFA Large Cap International I 4.81 3.00 11.18 17.21 9.99 4.82 5.64 MFS International Growth R6 3.74 2.97 12.47 18.55 8.43 6.86 7.56 MSCI EAFE NR USD 4.55 2.95 11.67 18.77 8.93 4.39 5.41
Hartford Schroders Emerging Mkts Eq F 5.13 1.90 7.15 4.00 2.31 1.59 3.70 MSCI EM NR USD 3.80 0.90 4.89 1.75 2.32 0.93 2.95
Source: SEI Investments, Morningstar Investments
CITY OF SAN LEANDRO
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.
INTERNATIONAL EQUITY FUNDS
For Period Ending June 30, 2023
LARGE CAP EQUITY FUNDS
MID CAP EQUITY FUNDS
SMALL 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 Return Vanguard Real Estate ETF 5.56 1.64 3.44 -3.95 5.86 4.36 6.12 DoubleLine Core Fixed Income I -0.26 -0.59 2.95 -0.09 -2.48 0.59 1.88 PGIM Total Return Bond R6 0.14 0.00 3.17 0.71 -3.28 1.10 2.42 Dodge & Cox Income I 0.32 0.08 3.21 1.83 -1.76 2.02 2.55 Vanguard Short-Term Investment-Grade Adm -0.32 -0.12 1.76 1.58 -0.87 1.52 1.68 iShares MBS ETF -0.43 -0.69 1.92 -1.58 -3.76 -0.01 1.00 iShares US Treasury Bond ETF -0.73 -1.34 1.92 -2.08 -4.85 0.35 0.87 Bloomberg US Agg Bond TR USD -0.36 -0.84 2.09 -0.94 -3.96 0.77 1.52 Source: SEI Investments, Morningstar Investments
CITY OF SAN LEANDRO
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.
BOND FUNDS
For Period Ending June 30, 2023
REAL ESTATE FUNDS