City of San Leandro
Third 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)
Year
to Date
(9 Months) 1 Year 3 Years 5 Years 10 Years
Inception
to Date
07/01/2009
Cash Equivalents 1.30 3.60 4.49 1.69 1.61 1.02 .75
Lipper Money Market Funds Index 1.30 3.63 4.53 1.70 1.60 .99 .70 Total Fixed Income -2.74 .04 1.82 -4.02 .40 1.25 2.57
Bloomberg US Aggregate Bd Index -3.23 -1.21 .64 -5.21 .10 1.13 2.21 Total Equities -3.73 8.85 17.94 7.66 6.58 8.54 10.87Large Cap Funds -2.65 14.63 22.20 9.78 9.21 11.25 12.80 S&P 500 Composite Index -3.27 13.07 21.62 10.15 9.92 11.91 13.62 Mid Cap Funds -4.77 3.89 13.31 8.15 6.35 8.02
Russell Midcap Index -4.68 3.91 13.45 8.09 6.38 8.98 12.62 Small Cap Funds -4.80 2.23 10.72 8.33 3.82 8.40 12.83
Russell 2000 Index -5.13 2.54 8.93 7.16 2.40 6.65 10.70 International Equities -4.60 4.32 19.48 3.60 3.18 3.73 5.48 MSCI EAFE Index -4.11 7.08 25.65 5.75 3.24 3.82 5.99MSCI EM Free Index -2.93 1.82 11.70 -1.73 .55 2.07 4.08 RR: REITS -8.60 -5.06 -.91 2.26 2.43
Wilshire REIT Index -6.41 -.10 3.94 5.74 2.87 6.01 11.13 Total Managed Portfolio -2.85 2.65 6.24 -.21 2.50 3.55 4.89 Selected Period Performance
City of San Leandro OPEB Plan
Period Ending: 9/30/2023
Asset Allocation
As of September 30, 2023
City of San Leandro 3
Current Asset Allocation Investment VehicleEquity 29.06% Range: 20%-40% 5,629,860 Large Cap Core 2.73% COFYX Columbia Contrarian Core Inst3 529,061
5.35% VGIAX Vanguard Growth & Income Adm 1,037,422
Large Cap Value 2.52% DODGX Dodge & Cox Stock Fund 488,351
1.13% IVE iShares S&P 500 Value ETF 219,222
Large Cap Growth 1.61% HNACX Harbor Capital Appreciation Retirement 311,374
1.59% IVW iShares S&P 500 Growth ETF 307,206
Mid Cap Core 3.26% IWR iShares Russell Mid-Cap ETF 631,283Small Cap Value 2.04% UBVFX Undiscovered Managers Behavioral Val R6 395,243Small Cap Growth 2.05% FGROX Emerald Growth Institute 396,873International Core 2.25% DFALX DFA Large Cap International I 436,788International Value 0.81% DODFX Dodge & Cox International Stock Fund 156,975International Growth 0.80% MGRDX MFS® International Growth R6 155,765Emerging Markets 2.00% HHHFX Hartford Schroders Emerging Mkts Eq F 387,554Real Estate 0.91% VNQ Vanguard Real Estate ETF 176,742 Fixed Income 66.75% Range: 50%-80% 12,932,507
Intermediate-Term 19.57% DBLFX DoubleLine Core Fixed Income I 3,792,373
19.41% DODIX Dodge & Cox Income 3,761,36019.63% PTRQX Prudential Total Return Bond Q 3,803,641
4.07% GOVT iShares Trust US Treasury ETF 789,1644.06% MBB iShares MBS ETF 785,969 Cash 4.19% Range: 0%-20% 811,436
4.19% FGXXX First American Government Oblig X 811,436
TOTAL 100.00% $19,373,802
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 1.31 3.59 4.50 2.44
Lipper Money Market Funds Index 1.30 3.63 4.53 2.46
Total Fixed Income -2.73 .08 1.73 -6.62
Bloomberg US Aggregate Bd Index -3.23 -1.21 .64 -7.40
Total Equities -3.70 9.01 18.16 -5.09Large Cap Funds -2.64 14.60 22.04 -2.71 S&P 500 Composite Index -3.27 13.07 21.62 -.96
Mid Cap Funds -4.79 3.74 14.29 -5.97
Russell Midcap Index -4.68 3.91 13.45 -6.12
Small Cap Funds -4.82 2.13 10.66 -8.14
Russell 2000 Index -5.13 2.54 8.93 -9.69
International Equities -4.63 4.22 19.26 -7.69
MSCI EAFE Index -4.11 7.08 25.65 -4.25MSCI EM Free Index -2.93 1.82 11.70 -11.73 RR: REITS -8.68 -5.20 -.54 -12.81
Wilshire REIT Index -6.41 -.10 3.94 -9.47
Total Managed Portfolio -2.94 4.50 10.69 -4.80
Selected Period Performance
PARS/CITY OF SAN LEANDRO 115P PENS
Account ****065600
Period Ending: 9/30/2023
Asset Allocation
As of September 30, 2023
City of San Leandro 5
Current Asset Allocation Investment VehicleEquity 48.54% Range: 40%-60% 8,693,170 Large Cap Core 4.62% COFYX Columbia Contrarian Core Inst3 827,104
9.20% VGIAX Vanguard Growth & Income Adm 1,648,196
Large Cap Value 4.34% DODGX Dodge & Cox Stock Fund 776,684
1.90% IVE iShares S&P 500 Value ETF 339,833
Large Cap Growth 2.75% HNACX Harbor Capital Appreciation Retirement 491,777
2.71% IVW iShares S&P 500 Growth ETF 485,577
Mid Cap Core 5.38% IWR iShares Russell Mid-Cap ETF 964,099Small Cap Value 3.37% UBVFX Undiscovered Managers Behavioral Val R6 602,845Small Cap Growth 3.36% FGROX Emerald Growth Institute 602,634International Core 3.58% DFALX DFA Large Cap International I 641,248International Value 1.22% DODFX Dodge & Cox International Stock Fund 219,302International Growth 1.22% MGRDX MFS® International Growth R6 218,907Emerging Markets 3.33% HHHFX Hartford Schroders Emerging Mkts Eq F 596,537Real Estate 1.55% VNQ Vanguard Real Estate ETF 278,429 Fixed Income 47.84% Range: 40%-60% 8,567,751Intermediate-Term 13.90% DBLFX DoubleLine Core Fixed Income I 2,488,486
13.94% DODIX Dodge & Cox Income 2,496,21213.94% PTRQX Prudential Total Return Bond Q 2,495,807
3.02% GOVT iShares Trust US Treasury ETF 541,1263.05% MBB iShares MBS ETF 546,120 Cash 3.62% Range: 0%-20% 648,163
3.62% FGXXX First American Government Oblig X 648,163
TOTAL 100.00% $17,909,084
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 -4.93 -2.96 17.18 24.70 10.74 10.55 11.71Vanguard Growth & Income Adm -4.39 -3.16 11.87 19.94 10.44 9.49 11.82Dodge & Cox Stock I -2.57 -0.17 6.98 20.88 16.47 8.61 10.64iShares S&P 500 Value ETF -4.66 -4.13 7.43 21.98 13.18 8.23 9.46Harbor Capital Appreciation Retirement -5.49 -3.40 32.28 30.35 2.43 10.46 13.66iShares S&P 500 Growth ETF -4.88 -2.63 17.94 19.60 6.61 10.25 13.26S&P 500 TR USD -4.77 -3.27 13.07 21.62 10.15 9.92 11.91iShares Russell Mid-Cap ETF -5.04 -4.72 3.80 13.30 7.93 6.23 8.82Russell Mid Cap TR USD -5.02 -4.68 3.91 13.45 8.09 6.38 8.98Undiscovered Managers Behavioral Val R6 -5.30 -1.04 -0.69 12.99 23.70 6.09 9.07Russell 2000 Value TR USD -5.21 -2.96 -0.53 7.84 13.32 2.59 6.19Emerald Growth Institutional -6.68 -8.54 3.58 10.08 1.05 2.43 7.73Russell 2000 Growth TR USD -6.60 -7.32 5.24 9.59 1.09 1.55 6.72Dodge & Cox International Stock I -2.69 -1.32 9.26 26.74 12.13 4.43 4.08DFA Large Cap International I -3.26 -3.87 6.87 25.26 6.73 3.71 4.10MFS International Growth R6 -6.51 -7.80 3.69 18.46 2.54 4.69 5.72MSCI EAFE NR USD -3.42 -4.11 7.08 25.65 5.75 3.24 3.82Hartford Schroders Emerging Mkts Eq F -3.68 -6.03 0.69 11.26 -3.29 0.58 2.35MSCI EM NR USD -2.62 -2.93 1.82 11.70 -1.73 0.55 2.07Source: SEI Investments, Morningstar Investments
CITY OF SAN LEANDRO
For Period Ending September 30, 2023
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 -7.35 -8.55 -5.40 -1.32 2.31 2.40 5.50Dodge & Cox Income I -2.46 -2.77 0.35 3.11 -3.15 1.32 2.18PGIM Total Return Bond R6 -2.34 -2.52 0.57 2.90 -4.66 0.61 2.03DoubleLine Core Fixed Income I -2.44 -2.93 -0.07 1.10 -4.03 -0.06 1.57iShares US Treasury Bond ETF -2.21 -3.07 -1.22 -0.75 -5.90 -0.14 0.54iShares MBS ETF -3.12 -4.03 -2.19 -0.22 -5.15 -0.80 0.50Bloomberg US Agg Bond TR USD -2.54 -3.23 -1.21 0.64 -5.21 0.10 1.13Source: SEI Investments, Morningstar Investments
CITY OF SAN LEANDRO
For Period Ending September 30, 2023
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.