At the core of SDCERA’s operations is its acclaimed investment program. SDCERA is
entrusted to prudently manage the multi-billion dollar pension fund that provides
retirement benefits to members. An accomplished team of investment professionals
and money managers, in conjunction with the Board of Retirement, prudently manages
the investment of the pension fund.
SDCERA’s investment program has earned industry accolades and awards as one of the
top performing retirement funds in the country. SDCERA ranks in the top 10% for the two-, three-, and ten-year period ending December 31, 2012, according to the latest Wilshire Associates Trust Universe Comparison Service (TUCS) report. The program’s success is largely
due to a well-diversified portfolio and progressive investment strategies that put
it in the same league as some of the country’s most sophisticated investors. SDCERA is a long term investor with a 25-year return of 9.7% as of December 31, 2012.
Returns for quarter ended December 31, 2012 (gross of fees)
SDCERA Returns
Quarter
1-Year
3-Year
5-Year
Growth oriented1
2.7%
15.7%
7.9%
0.9%
Growth oriented benchmark
3.0%
17.9%
8.3%
0.9%
Stable value2
1.1%
7.3%
8.4%
7.7%
Stable value benchmark
0.4%
4.7%
6.7%
6.4%
Inflation sensitive3
1.1%
7.9%
10.2%
1.8%
Inflation sensitive benchmark
0.2%
8.2%
10.4%
3.8%
Total fund
2.3%
13.9%
10.8%
3.0%
Total fund benchmark
1.5%
12.6%
9.7%
3.6%
Total assets under management: $9,193,356,439.
1
Global, Emerging Market, Private Equities, and High Yield Bonds
2
Emerging Market Debt (Local), Global Macro/CTAs, Relative Value, and U.S. Treasuries
3
Real Estate, Natural Resources and Other Real Assets, and Treasury Inflation Protected Securities