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Investments

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.

Quarterly Report 

Returns for 4th quarter 2009 (gross of fees)
SDCERA Returns 4th quarter 1-Year 3-Year 5-Year
Total Fund 3.8% 24.1% -1.3% 4.2%
Domestic equities 5.3.% 30.9% -9.6% -2.1%
S&P 500—
Domestic benchmark indices
6.0% 26.5% -5.6% 0.4%
International equities 4.9% 49.0% -1.5% 9.1%
MSCI EAFE— International benchmark indices 2.2% 32.5% -5.6% 4.0%
Fixed income 2.5% 24.7% 5.4% 5.5%
Barclay's Capital Aggregate Bond—
Fixed income benchmark indices
0.2% 5.9% 6.0% 5.0%
Total assets under management as of December 31, 2009 were $7,230,050,000.