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HomeMy WebLinkAboutItem #01 - Discussion ItemCity of Miami General Employees' and Sanitation Employees' Retirement Trust Historical Analysis Dollars Actuarial Attributed I Fiscal Year Market Assumption Total Fund Excess to Excess End Value ($ Mil) Rate % Return. (%) Return (%) $ Mil 1990 $200.4 1991 $255.3 8.0 24.2 16.2 $32.5 1992 $279.9 8.0 12.7 4.7 $12.0 1993 $307.2 8.0 12.0 4.0 $11.2 1994 $297.6 8.0 -1.0 -9.0 -$27.7 1995 $358.9 8.0 22.9 14.9 $44.3 1996 $405.4 8.0 15.6 7.6 $27.3 6 Year Annualized 8.0 14.1 6.1 $99.6* Notes: Fiscal year end is September 30. Data prior to 1994 was provided by other vendors. E *Total based on unannualized earnings, assuming gain taken year by year and not compounded. tL { f i r r E � i i i f i t MYY a CITY OF MIA►MI GENERAL EMPLOYEES' AN® SANITATION EMPLOYEES' RETIREMENT TRUST Expected Return vs Actual Premium t iLl $25 $20 $15 $10 $5 CITY OF MIAMI GENERAL EMPLOYEES' AND SANITATION EMPLOYEES' RETIREMENT TRUST $220.23 1 $158.69 1 1991 1992 1993 1994 1995 1996 City of Miami. General Employees' and Sanitation Employees' Retirement Trust Performance Analysis -1 Year Return Ranking Current Current Domestic EQ Foreign EQ Total Fund Return (%) Allocation Allocation For Periods Ending 9/30/96 Rank Total Assets % % 1yr Syr 5vr 1 $77,200,000 50% 8% 18.4% 12.6% N/A 2 $13,564,365 82% 0% 18.0% 14.3% 13.8% 3 $26,715,922 57% 0% 16.4% 13.7% N/A 4r0 . r.;rrif7�%� irr .:r. :. ,.Yrylr!r < <ya,,iiruvlf. ! / lf,✓/.r.,...ir.Y ,C�1.v,uurf.F-F.,. r- „f/. 5 $73,500,000 59% 8% 15.5% N/A N/A 6 $70,615,710 57% 9% 15.5% 12.2% 14.8% 7 $110,307,596 61% 0% 15.2% 12.4% 12.7% 8 $159,700,000 58% 9% 14.7% 11.1% N/A 9 $69,400,000 57% 9% 14.7% 12.7% 13.4% 10 $345,470,056 45% 15% 14.4% 12.5% 12.6% 11 $271,980,936 56% 8% 14.2% 11.7% 11.0% 12 $30,229,230 48% 14% 14.1 % 13.6% 14.5% 13 $90,700,000 42% 15% 14.1 % N/A N/A 14 $17,900,000 59% 0% 14.0% 9.5% 9.3% 15 $154,800,000 69% 9% 14.0% 13.1 % 13.6% 16 $27,995,947 70% 0% 14.0% 10.5% 9.1% 17 $85,840,999 58% 6% 14.0% 11.8% N/A 18 $150,990,052 53% 0% 13.8% 12.7% 11.9% 19 $47,862,303 50% 19% 13.8% 10.1 % N/A 20 $40,633,139 54% 0% 13.3% 10.1 % N/A 21 $150,082,064 54% 7% 13.3% 11.0% 8.8% 22 $62,700,000 62% 0% 13.3% 10.4% 10.9% 23 $129,604,325 46% 13% 13.3% N/A N/A 24 INDEX 55% 0% 13.2% 11.7% 11.8% 25 $512,700,000 53% 10% 13.2% 10.5% 11.7% 26 $77,862,091 56% 0% 13.2% 10.5% 11.5% 27 $38,761,215 57% 0% 13.1 % 10.3% N/A 28 $130,500,000 67% 0% 13.1% 11.3% N/A 29 $19,505,914 51% 0% 13.0% 9.5% 10.5% 30 $580,796,454 50% 7% 12.9% 10.3% 10.7% 31 $45,889,086 61% 0% 12.9% 9.5% 10.8% 32 $263,136,621 52% 15% 12.9% 13.3% 14.7% 33 $122,800,000 46% 9% 12.8% 10.5% 11.2% 34 $151,500,000 49% 0% 12.7% 10.1 % 11.3% 35 $134,264,149 54% 12% 12.6% 10.8% N/A 36 $52,300,000 50% 4% 12.5% 10.7% 11.7% 37 $98,600,000 57% 9% 12.4% 15.4% N/A 38 $36,175,941 54% 10% 12.4% N/A N/A 39 $48,094,877 47% 0% 12.3% 11.6% 12.6% 40 $130,995,660 65% 0% 11.9% 9.6% NIA 41 $9,700,721 35% 10% 11.9% 10.8% 13.3% A Page 1 O Rank Total Assets 42 $96,500,000 43 $42,841,547 44 $305,627,702 45 $2,500,000 46 $388,944,402 47 $13,184,990 48 $51,800,000 49 $2,800,000 50 $986,300,000 51 $42,057,395 52 $24,394,182 53 $16,403,907 54 $57,600,000 55 $344,473,668 56 $19,731,412 57 $23,933.670 58 $23,270,972 59 $97,100,000 60 $15,241,309 61 $70,600,000 62 $39,295,322 63 $12,400,000 64 $181,100,000 65 $23,400,000 66 $23,461,694 67 $101,400,000 68 $1,602,900,000 69 $21,875,678 70 $433,200,000 71 $3,400,000 72 $82,689,238 73 $1,600,000 74 $76,300,000 75 $15,985,849 76 $17,485,872 77 $15,755,415 78 $91,131,591 79 $12,077,067 80 $17,752,212 Current Current Domestic EQ Foreign EQ Allocation Allocation VM 36% 0% 65% 0% 45% 0% 75% 0% 50% 11% 50% 10% 44% 0% 60% 0% 53% 9% 47% 9% 40% 0% 70% 0% 49% 0% 47% 0% 41 % 0% 43% 0% 49% 0% 45% 5% 54% 0% 30% 0% 51 % 0% 50% 0% 40% 0% 46% 20% 50% 0% 49% 3% 24% 5% 40% 0% 20% 3% 0% 0% 33% 8% 23% 0% 43% 12% 41% 3% 19% 2% 47% 10% 20% 4% 39% 11% 47% 10% NOTE: Returns are gross of management fees. * Reflects net returns. 11.9% 9.5% 9.9% 11.8% 10.6% 11.9% 11.8% 10.1% 11.0% 11.7% N/A N/A 11.5% 9.3% 10.6% 11.3% 12.5% N/A 11.2% 11.5% N/A 11.2% N/A N/A 11.2% 10.9% 11.1% 11.1% 7.5% N/A 11.1% 9.9% 10.8% 11.0% 8.7% 9.4% 10.9% 9.8% 10.6% 10.7% 8.9% N/A 10.4% 7.8% 9.9% 10.2% 9.6% 10.4% 10.1 % 8.2% N/A 9.7% 9.5% 11.6% 9.7% 9.9% 9.8% 9.6% 8.4% N/A 9.6% N/A N/A 9.4% N/A N/A 9.3% N/A N/A 9.2% 6.9% 8.2% 8.9% 8.3% N/A 8.9% 7.4% N/A 8.3% 7.2% 7.5% 7.9% 6.9% 8.8% 6.3% N/A N/A 4.6% 5.0% 6.7% 4.4% 7.6% 8.6% 2.9% N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 0 Page 2 1SOA City of Miami General Employees' and Retirement Employees' Retirement Trust Performance Analysis - 3 Year Return Ranking Current Current Domestic EQ Foreign EQ Total Fund Return Allocation Allocation For Periods Ending 9/30/96 Rank Total Assets j°/� °� /0) 1Yr 3vr 5vr 1 $98,600,000 57% 9% 12.4% 15.4% N/A 2 $13,564,365 82% 0% 18.0% 14.3% 13.8% 3 $26,715,922 57% 0% 16.4% 13.7% N/A 4 $30,229,230 48% 14% 14.1 % 13.6% 14.5% 5 $263,136,621 52% 15% 12.9% 13.3% 14.7% 6 $154,800,000 69% 9% 14.0% 13.1% 13.6% 7 $150,990,052 53% 0% 13.8% 12.7% 11.9% 8 $69,400,000 57% 9% 14.7% 12.7% 13.4% 9 $77,200,000 50% 8% 18.4% 12.6% N/A 10 $13,184,990 50% 10% 11.3% 12.5% N/A 11 $345,470,056 45% 15% 14.4% 12.5% 12.6% 12 $110,307,596 61 % 0% 15.2% 12.4% 12.7% 13 $70,615,710 57% 9% 15.5% 12.2% 14.8% -. fll/e eAfYJXIIfil�i}%.. 15 ✓-"J Jf..i.... !-iNl�)AL $85,840,999 1� "r ..��.{� 58% N�/.4ivlYff /��J J' 6% tlArrr.�.«/l�{M 14.0% ::rV.....{f1.fill}Y. 11.8% ...u.l N/A 16 INDEX 55% 0% 13.2% 11.7% 11.8% 17 $271,980,936 56% 8% 14.2% 11.7% 11.0% 18 $48,094,877 47% 0% 12.3% 11.6% 12.6% 19 $51,800,000 44% 0% 11.2% 11.5% N/A 20 $130,500,000 67% 0% 13.1% 11.3% N/A 21 $159,700,000 58% 9% 14.7% 11.1 % N/A 22 $150,082,064 54% 7% 13.3% 11.0% 8,8% 23 $986,300,000 53% 9% 11.2% 10.9% 11.1 % 24 $9,700,721 35% 10% 11.9% 10.8% 13.3% 25 $134,264,149 54% 12% 12.6% 10.8% N/A 26 $52,300,000 50% 4% 12.5% 10.7% 11.7% 27 $42,841,547 65% 0% 11.8% 10.6% 11.9% 28 $77,862,091 56% 0% 13.2% 10.5% 11.5% 29 $27,995,947 70% 0% 14.0% 10.5% 9.1% 30 $122,800,000 46% 9% 12.8% 10.5% 11.2% 31 $512,700,000 53% 10% 13.2% 10.5% 11.7% 32 $62,700,000 62% 0% 13.3% 10.4% 10.9% 33 $38,761,215 57% 0% 13.1 % 10.3% N/A 34 $580,796,454 50% 7% 12.9% 10.3% 10.7% 35 $40,633,139 54% 0% 13.3% 10.1% N/A 36 $47,862,303 50% 19% 13.8% 10.1 % N/A 37 $151,500,000 49% 0% 12.7% 10.1 % 11.3% 38 $305,627,702 45% 0% 11.8% 10.1 % 11.0% 39 $15,241,309 54% 0% 9.7% 9.9% 9.8% 40 $24,394,182 40% 0% 11.1 % 9.9% 10.8% 41 $57,600,000 49% 0% 10.9% 9.8% 10.6% Page 1 �� Current Current Domestic EQ Foreign EQ Allocation Allocation Rank Total Assets 42 $130,995,660 65% 0% 43 $23,933,670 43% 0% 44 $19,505,914 51% 0% 45 $45,889,086 61% 0% 46 $17,900,000 59% 0% 47 $96,500,000 36% 0% 48 $97,100,000 45% 5% 49 $388,944,402 50% 11% 50 $344,473,668 47% 0% 51 $16,403,907 70% 0% 52 $70,600,000 30% 0% 53 $23,461,694 50% 0% 54 $23,270,972 49% 0% 55 $19,731,412 41% 0% 56 $82,689,238 33% 8% 57 $42,057,395 47% 9% 58 $101,400,000 49% 3% 59 $1,602,900,000 24% 5% 60 $21,875,678 40% 0% 61 $23,400,000 46% 20% 62 $3,400,000 0% 0% 63 $73,500,000 59% 8% 64 $90,700,000 42% 15% 65 $129,604,325 46% 13% 66 $36,175,941 54% 10% 67 $2,500,000 75% 0% 68 $2,800,000 60% 0% 69 $39,295,322 51 % 0% 70 $12,400,000 50% 0% 71 $181,100,000 40% 0% 72 $433,200,000 20% 3% 73 $1,600,000 23% 0% 74 $15,755,415 47% 10% 75 $76,300,000 43% 12% 76 $15,985,849 41 % 3% 77 $12,077,067 39% 11% 78 $17,752,212 47% 10% 79 $17,485,872 19% 2% 80 $91,131, 591 20% 4% NOTE: Returns are gross of management fees. * Reflects net returns. Page 2 11.9% 9.6% N/A 10.2% 9.6% 10.4% 13.0% 9.5% 10.5% 12.9% 9.5% 10.8% 14.0% 9.5% 9.3% 11.9% 9.5% 9.9% 9.7% 9.5% 11.6% 11.5% 9.3% 10.6% 10.7% 8.9% N/A 11.0% 8.7% 9,4% 9.6% 8.4% N/A 8.9% 8.3% N/A 10.1 % 8.2% N/A 10.4% 7.8% 9.9% 4.4% 7.6% 8.6% 11,1% 7.5% N/A 8.9% 7.4% N/A 8.3% 7.2% 7.5% 7.9% 6.9% 8.8% 9.2% 6.9% 8.2% 4.6% 5.0% 6.7% 15.5% N/A NIA 14.1 % N/A N/A 13.3% N/A N/A 12.4% N/A N/A 11.7% N/A N/A 11.2% N/A N/A 9.6% N/A N/A 9.4% N/A N/A 9.3% NIA N/A 6.3% N/A N/A 2.9% N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% -5.0% -1 0.0% r 1 ! 1992 a try Actuarial Assumption ® Excess Return Fiscal Year Returns (%) 1993 1994 1995 1996