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Home My WebLink AboutReports - 2020.12.17 - 33746Market UpdateRussell Indices Style Returns *Equities Month 3 M YTD 1 Year 3 Yr Ann 5 Yr Ann VBGVBGS&P 500 Total Return10.95 3.89 14.02 17.46 13.17 13.99Russell Midcap Index13.82 12.32 11.86 14.43 10.26 11.75Russell 2000 Index18.43 16.87 10.41 13.59 7.09 10.25Russell 1000 Growth Index10.24 1.48 32.40 36.40 21.47 19.56Russell 1000 Value Index13.45 9.21 (1.00) 1.72 5.25 8.44Russell 3000 Index12.17 5.75 15.68 19.02 13.20 13.95MSCI EAFE NR15.50 8.01 3.03 6.37 3.26 6.19MSCI EM NR9.25 9.71 10.20 18.43 4.92 10.72Fixed IncomeMonth3 MYTD1 YearMod. Adj. DurationYield to WorstCurrencies11/30/2012/31/1912/31/18U.S. Aggregate0.98 0.48 7.36 7.28 6.23 1.15Euro Spot1.19 1.12 1.15U.S. Corporate Investment Grade 2.79 2.31 9.41 9.76 8.86 1.80British Pound Spot1.33 1.33 1.28U.S. Corporate High Yield3.96 3.41 5.13 7.24 3.65 4.70Japanese Yen Spot104.31 108.61 109.69Global Aggregate1.82 1.55 7.75 8.38 7.42 0.86Swiss Franc Spot0.91 0.97 0.98Key Rates11/30/2012/31/1912/31/1812/31/1712/31/16Commodities11/30/2012/31/1912/31/18US Generic Govt 3 Mth0.07 1.54 2.35 1.38 0.50Oil45.34 56.03 49.90US Generic Govt 2 Yr0.15 1.57 2.49 1.88 1.19Gasoline2.14 2.59 2.26US Generic Govt 10 Yr0.84 1.92 2.68 2.41 2.44Natural Gas2.88 2.72 2.90US Generic Govt 30 Yr1.57 2.39 3.01 2.74 3.07Gold1,780.90 1,555.20 1,187.30ICE LIBOR USD 3M0.23 1.91 2.81 1.69 1.00Silver22.59 18.35 16.50Euribor 3 Month ACT/360(0.53) (0.38) (0.31) (0.33) (0.32)Copper343.80 283.05 267.40Bankrate 30Y Mortgage Rates Na 2.94 3.86 4.51 3.85 4.06Corn426.00 411.25 419.25Prime3.25 4.75 5.50 4.50 3.75BBG Commodity TR Idx158.74 172.00 159.72Source: Bloomberg & Investment Metrics. For informational purposes only and should not be regarded as investment advice. Information is based on sources and data believed to be reliable, butAndCo Consulting cannot guarantee the accuracy, adequacy or completeness of the information. The material provided herein is valid only as of the date of distribution and not as of any future date.*Heat maps are displayed utilizing a 9-color scale, with green as the highest return for the time period noted and red as the lowest return for the time period noted. Color scales within each time period are mutually exclusive.Levels (%)Levels25.5 28.4YTD 2019Index Returns (%)LevelsS -3.1 10.4 23.1 S 22.436.4M 0.3 11.9 29.4 M 27.0 30.5 35.5November 30, 2020Index Returns (%)L -1.0 16.1 32.4 L 26.5 31.436.0830.0119.9217.7314.029.759.188.81-0.18-3.61-7.53-36.47-50.0-40.0-30.0-20.0-10.00.010.020.030.040.0YTD Sector Returns50.2932.6932.0931.4829.3229.0027.9427.6126.3524.5820.8211.810.010.020.030.040.050.060.02019 Sector Returns Oakland County Employees' Retirement System Asset / Manager Summary - December 17, 2020 Asset Class / Manager MV ($000)%MV ($000)%Add/Reduce SSgA S&P 5001 $35,970 4.7%$38,074 5.0%$2,104 SSgA S&P 500 EW 1 $42,288 5.6%$38,074 5.0%($4,214)11/30 MV T. Rowe Price Enhanced 500 $79,394 10.4%$76,149 10.0%($3,246) TimesSquare Mid Growth $19,794 2.6%$14,278 1.9%($5,516) Great Lakes Small/Mid Core $16,976 2.2%$14,278 1.9%($2,698) Reinhart Small/Mid Core $16,506 2.2%$14,278 1.9%($2,228) Nuance Mid Value $12,906 1.7%$14,278 1.9%$1,372 Loomis, Sayles Small Growth $32,175 4.2%$28,556 3.8%($3,619) LMCG Small Value $28,190 3.7%$28,556 3.8%$366 ABS Global L/S Equity1 $41,868 5.5%$38,074 5.0%($3,794) Total US Equity $326,067 42.8%$304,594 40.0%($21,473)2.5% added to allocation (unallocated other assets) Lazard Intl Equity $43,423 5.7%$38,074 5.0%($5,349) Pictet Intl Equity1 $48,630 6.4%$38,074 5.0%($10,556) Berkley Street Emerging Mkts.1 $26,537 3.5%$19,037 2.5%($7,500) Total Intl Equity $118,590 15.6%$95,186 12.5%($23,404) CS McKee Core Fixed $111,590 14.7%$123,297 16.2%$11,707 Loomis, Sayles Core Plus $83,163 10.9%$76,149 10.0%($7,015) Templeton Global Fixed1 $34,187 4.5%$38,074 5.0%$3,887 Pending Transfer to PIMCO Churcill Direct Lending1 $12,385 1.6%$15,000 2.0%$2,615 $15MM Commitment BlackRock Direct Lending1 $0 0.0%$0 0.0%$0 $12MM Commitment HIG/Marathon Distressed1 $0 0.0%$14,000 1.8%$14,000 $7MM Commitment Each Total Fixed Income $241,325 31.7%$266,520 35.0%$25,195 1.5% added to allocation (unallocated other assets) MS Prime Property RE1 $37,476 4.9%$44,607 5.9%$7,131 Prudential PRISA II VA RE1 $19,343 2.5%$15,230 2.0%($4,113) Private VA Real Estate Funds1,2 $16,312 2.1%$16,312 2.1%$0 Total Real Estate $73,131 9.6%$76,149 10.0%$3,018 Hamilton Lane $1,768 0.2%$9,519 1.3%$7,751 $10MM Commitment Portfolio Advisors $429 0.1%$9,519 1.3%$9,090 $10MM Commitment Total Private Equity $2,197 0.3%$19,037 2.5%$16,840 Cash Account $175 0.0%$0 0.0%($175) Total Fund $761,485 100.0%$761,485 100.0%$0 Market values from Northern Trust as of 12/10/20. 1. Market values not updated daily by Northern Trust. 2. Currently represents investment with AEW VIII, Alidade IV, Dune IV, JPM European Property Fund, Valstone and Walton Street. Other Assets / Basket Clause $56,450 7.4%$86,111 11.3%15% Target / Includes ABS, Churchill, HIG, Marathon, HL, and PA 11/30 MV Current Allocation Target Allocation Comments Included in Other Assets allocation Target Allocation = 20% target less Churchill. Target Allocation = 10% RE target less VA mgrs.