Total Assets

Unaudited Quarterly Summary as of 9/30/2017
Total Market Value: $12.6 Billion
Quarter Return: 3.65%
Benchmark Return: 3.40%
Year To Date Return: 11.18%
Benchmark Return: 10.40%

As stated in the Health Care Statement of Investment Objectives & Policies the primary performance objectives of the Health Care Fund are:

  1. To exceed the return of the policy benchmark for the Health Care Fund. The Benchmark combines designated market indexes for asset classes, weighted by asset-allocation targets.
  2. Exceed the actuarial interest rate (currently 6.5%) over a reasonable longer time horizon.

Asset Allocation Targets

The principal components of the investment policy are target allocation percentages for various areas of investment, known as "asset classes," and minimum and maximum percentages for each asset class. The asset and sub asset classes for the Health Care Fund are as follows:

Asset Classes

  1. Public Equity – Asset Class
    1. U.S. Equity Assets – Sub Asset Class
    2. Non-U.S. Equity Assets – Sub Asset Class
  2. Public Fixed Income – Asset Class
  3. Alternatives – Asset Class
    1. REITS – Sub Asset Class
    2. Hedge Funds – Sub Asset Class
    3. Commodities – Sub Asset Class
    4. Opportunistic – Sub Asset Class
  4. Risk Parity – Asset Class
  5. Global Tactical Asset Allocation (GTAA) – Asset Class