| |
Annualized Returns
|
|
| Fund |
Quarter-end |
Year-to-Date |
One
Year
|
Three
Years
|
Five
Years
|
Ten
Years
|
Since
Inception7 |
Assets
(billions) |
| Fixed Income Fund |
2.4% |
2.4% |
7.1% |
11.1% |
7.4% |
6.4% |
6.5% |
3.5 |
| Benchmark (1) |
1.0% |
1.0% |
8.1% |
9.2% |
6.1% |
5.7% |
6.0% |
|
| Inflation Protection Fund |
1.8% |
1.8% |
8.1% |
10.5% |
6.6% |
N/A |
5.7% |
2.0 |
| Benchmark (2) |
0.8% |
0.8% |
12.6% |
8.8%
|
7.7% |
N/A |
6.4% |
|
| International Equity Fund |
12.8% |
12.8% |
-6.8% |
22.1% |
-0.1% |
6.7% |
6.7% |
2.6 |
| Benchmark (3) |
11.6% |
11.6% |
-7.3% |
20.0% |
-1.2% |
6.9% |
5.1% |
|
| Multiple Asset Fund |
8.7% |
8.7% |
3.7% |
17.8% |
3.9% |
N/A |
7.0% |
7.2 |
| Benchmark (4) |
8.4% |
8.4% |
5.3% |
18.4% |
3.5% |
N/A |
6.3% |
|
| Short Term Investment Fund |
0.2% |
0.2% |
0.1% |
0.5% |
1.2% |
N/A |
1.9% |
0.2 |
| BofA Merrill Lynch 3-Month Treasury Bill |
0.0% |
0.0% |
0.1% |
0.1% |
1.2% |
N/A |
1.9% |
|
| U.S. Equity Fund |
12.0% |
12.0% |
4.7% |
21.3% |
2.0% |
4.5% |
4.8% |
6.3 |
| Benchmark: Russell 3000 Index |
12.9% |
12.9% |
7.2% |
24.3% |
2.2% |
4.7% |
4.8% |
|
Total Market Value (as of 3/31/12) of all funds managed by Wespath: $17,697,818,234.
1 On January 1, 2006, the benchmark for the Fixed Income Fund became the Barclays Capital (formerly Lehman Brothers) U.S. Universal ex-Mortgage Backed Securities Index. Prior to this date, the benchmark was the Barclays Capital (formerly Lehman Brothers) U.S. Universal Index.
2 On January 1, 2006, the benchmark for the Inflation Protection Fund became the Barclays Capital (formerly Lehman Brothers) U.S. Government Inflation Linked Bond Index. From April 1, 2005, to December 31, 2005, the benchmark was a blended index based on the following weightings: Barclays Capital U.S. Government Inflation-Linked Bond Index (50%) and Barclays Capital Global Inflation-Linked Bond Index (50%). Prior to April 5, 2005, the benchmark was the Barclays Capital U.S. Government Inflation-Linked Bond Index.
3 On January 1, 2008, the benchmark for the International Equity Fund became the MSCI All Country World Index (ACWI) ex USA Investable Market Index (IMI). From January 1, 2006 through 2007, the benchmark was the MSCI ACWI ex USA Index. Prior to 2006, the benchmark was the MSCI EAFE Index.
4 On January 1, 2006, the benchmark for the Multiple Asset Fund became a blended index based on the following weightings: Russell 3000 Index (45%), MSCI All Country World Index ex USA IMI (20%), Barclays Capital U.S. Universal Index ex-Mortgage Backed Securities (25%) and the Barclays Capital U.S. Government Inflation-Linked Bond Index (10%). Prior to January 1, 2006, the benchmark was a blended index with weightings as follows: Russell 3000 Index (47%), MSCI EAFE Index (15%), MSCI Emerging Markets Index (3%) and Lehman Brothers U.S. Universal Index (35%).
5 The posted rate of return is for the periods ending on the specified date.
6 Rates of return reflect past performance and are no guarantee of comparable future results. The prices of Wespath investment funds will rise and fall with the value of the investments held in the funds. The units a participant owns may be worth more or less than their purchase price when redeemed. Investment results shown here are after all investment, administrative and custodial expenses.
7 The inception dates are as follows: Multiple Asset Fund—4/30/2002, Short Term Investment Fund—4/30/2002 and Inflation Protection Fund—01/05/2004; for all others the inception date is 12/31/1997.
8 The performance presented in the table above provides the actual returns generated by STIF from the date of its inception, and it includes the performance of Wespath's investments managed with the same strategy prior to the introduction of STIF. At any given time, Wespath invests between $400 and $700 Million in a short term investment strategy. This amount includes all direct investments in the strategy (primarily residual cash) and the assets of the Short Term Investment Fund.
Wespath investment funds are neither insured nor guaranteed by the government.