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 has been ranked in the top
percentile of the public pension plan universe by Wilshire Associates Trust Universe
Comparison Service (TUCS) for the past three years. 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.
Returns for 3rd quarter 2009 (gross of fees)
SDCERA Returns
3rd quarter
1-Year
3-Year
5-Year
Total Fund
11.7%
-3.1%
-0.3%
5.6%
Domestic equities
16.5%
-11.3%
-8.8%
-1.1%
S&P 500—
Domestic benchmark indices
15.6%
-6.9%
-5.4%
1.0%
International equities
21.1%
9.3%
0.7%
11.2%
MSCI EAFE— International benchmark indices
19.5%
3.8%
-3.1%
6.6%
Fixed income
9.4%
8.8%
5.4%
6.5%
Barclay's Capital Aggregate Bond—
Fixed income benchmark indices
3.7%
10.6%
6.4%
5.1%
Total assets under management as of
September 30, 2009 were $7,069,039,000.