Washington State Investment Board - GET Prepaid College Tuition Program (Qtr)

Size: px

Start display at page:

Download "Washington State Investment Board - GET Prepaid College Tuition Program (Qtr)"

Kevin Greene
3 years ago
Views:

1 Washington State Investment Board GET Prepaid College Tuition Program Quarterly Report December 31, 213 Portfolio Size, Allocation, and Assets Under Management... 1 Performance... 2

2 Quarter Ended December 31, 213 Portfolio Size Actual Asset Allocation Total $2,47,83,447 $44,382,755 Treasury Inflation Protected Securities () $415,556,911 $432,3,38 Equity $1,578,59, % 1.8% 17.5% 63.89% TIPs 16% 2% 24% 16% 2% 24% 5% % 5% 1% 15% 2% 25% Actual 3% 35% 4% 45% 5% 55% 55% 6% 65% Range 12/31/12 12/31/13 Target 6% 65% 7% Assets Under Management Asset Size in Millions 2,6 2,4 2,2 2, 1,8 1,6 1,4 1,2 1, Net Contributions Growth of Assets 1,587 1, , ,156 2, Contributions in Millions Page 1 of 2

89% TIPs 16% 2% 24% 16% 2% 24% 5% % 5% 1% 15% 2% 25% Actual 3% 35% 4% 45% 5% 55% 55% 6% 65% Range 12/31/12 12/31/13 Target 6% 65% 7% Assets Under Management

3 Quarter Ended December 31, 213 Total Return * GET College Tuition Program Passive Benchmark CPI (inflation) + 4.5% 12.14% 11.8% 11.82% 12.13% 4.32% 4.8% 5.99% 8.25% 8.1% 6.59% 6.6% 6.84% 6.63% 6.87% 1.38% Return Breakdown Equity Return * Benchmark: MSCI ACWI IMI w/u.s. Gross and a historical blended return 24.14% 23.91% Equity Equity Benchmark 15.77% 15.79% 7.38% 7.32% 1.43% 1.35% 7.28% 7.2% Treasury Inflation Protected Securities Return * Benchmark: Barclays Capital Index and a historical blended return Benchmark 3.55% 3.55% 5.79% 5.63% 5.14% 4.85% -2.11% -2.% -9.29% -8.61% Return * Benchmark: Barclays Capital Intermediate Credit Benchmark.68%.68% N/A N/A N/A -.17% -1.9% * The return numbers above are net of manager fees and other expenses that can be directly debited from the account for portfolio management but do not include the WSIB management fee. Page 2 of 2

2% Treasury Inflation Protected Securities Return * Benchmark: Barclays Capital Index and a historical blended return Benchmark 3.55% 3.55% 5.79% 5.63% 5.14% 4.85% -2.11% -2.% -9.29% -8.

4 Washington State Investment Board GET Prepaid College Tuition Program Quarterly Report March 31, 214 Portfolio Size, Allocation, and Assets Under Management... 1 Performance... 2

5 Quarter Ended March 31, 214 Portfolio Size Actual Asset Allocation Total $2,58,89,279 $45,23,131 Treasury Inflation Protected Securities () $422,425,46 $441,436,429 Equity $1,6,5, % 1.79% 17.59% 63.77% TIPs 16% 2% 24% 16% 2% 24% Target 5% 55% 6% 65% % 5% 1% 15% 2% 25% 3% 35% 4% 45% 5% 55% 6% 65% 7% Actual Range 3/31/13 3/31/14 Assets Under Management Asset Size in Millions 2,6 2,4 2,2 2, 1,8 1,6 1,4 1,2 1, Net Contributions Growth of Assets 1, , , ,59 2, Contributions in Millions Page 1 of 2

77% TIPs 16% 2% 24% 16% 2% 24% Target 5% 55% 6% 65% % 5% 1% 15% 2% 25% 3% 35% 4% 45% 5% 55% 6% 65% 7% Actual Range 3/31/13 3/31/14 Assets Under Management Asset

6 Quarter Ended March 31, 214 Total Return * GET College Tuition Program Passive Benchmark CPI (inflation) + 4.5% 12.92% 13.45% 9.42% 9.3% 6.4% 7.47% 7.26% 6.36% 6.59% 6.59% 6.39% 6.83% 1.61% 1.61% 1.55% 1st Qtr Year 3 Year 5 Year 1 Year Return Breakdown Equity Return * Benchmark: MSCI ACWI IMI w/u.s. Gross and a historical blended return Equity Equity Benchmark 17.61% 17.44% 18.74% 18.71% 9.4% 8.99% 7.8% 7.2% 1.35% 1.4% 1st Qtr Year 3 Year 5 Year 1 Year Treasury Inflation Protected Securities Return * Benchmark: Barclays Capital Index and a historical blended return Benchmark 2.21% 1.95% 3.6% 3.5% 5.5% 4.91% 4.82% 4.53% -6.53% -6.49% 1st Qtr Year 3 Year 5 Year 1 Year Return * Benchmark: Barclays Capital Intermediate Credit 4.53% 4.6% Benchmark 2.11% 1.63%.58%.98% N/A N/A 1st Qtr Year 3 Year 5 Year 1 Year * The return numbers above are net of manager fees and other expenses that can be directly debited from the account for portfolio management but do not include the WSIB management fee. Page 2 of 2

74% 18.71% 9.4% 8.99% 7.8% 7.2% 1.35% 1.4% 1st Qtr.

7 Guaranteed Education Tuition As of March 31, 214 CONTRACT STATISTICS: Number of Contracts Contract Statistics by Plan Year TOTAL # of Active Contracts Custom Monthly Contracts (CM) 31,85 2, ,785 Lump Sum Contracts (LS) 87,469 5,352 1,936 94,757 Total # of Active Contracts 119,319 7,565 2, ,542 # of Inactive Contracts 1, ,982 # of Depleted Contracts 14, ,27 Total # of Contracts 144,264 7,779 2, ,731 UNIT STATISTICS: Number of Contracted Units and Purchased LS Units TOTAL Contracted Units (Active Accounts) 5,623,242 25,9 81,5 5,955,192 Lump Sum Units (Active Accounts) 18,389,863 42,567 86,13 18,896,533 Total Units (Active Accounts) 24,13,15 671, ,153 24,851,725 Contracted Units (Inactive Accounts) 69,876 Lump Sum Units (Inactive Accounts) 3,284,573 Grand Total Contracted and LS Units Purchased 28,827,174 Other Unit Facts Unpaid Contracted Units (Active Accounts) 2,187,44 Total Paid Out Units Since Inception (Active and Inactive Accounts) 6,717,542 CONTRACT PAYMENTS SINCE INCEPTION TOTAL Total Payments Received (All Accounts) $ 2,61,643,765 $ 77,228,215 $14,587,971 $ 2,153,459,951 Total Fee Payments Received (All Accounts) $ 7,652,26 $ 328,545 $ 111,415 $ 8,92,22 Total Contract-Related Payments Received $ 2,69,296,25 $ 77,556,76 $14,699,386 $ 2,161,552,171 Future Custom Monthly Payments Due (Active Accounts) $ 286,5,585 $ 61,87,24 $ 21,639,632 $ 368,732,241 ITEMS OF INTEREST Since Inception Number of Students Accounts Used For Benefits 35,299 Benefits Paid $ 545,185,237 Refunds Paid $ 39,532,342 Total Paid Out In Benefits and Refunds $ 584,717,579 Prepared by Kim Porter 4/2/214

14,187 11 9 14,27 Total # of Contracts 144,264 7,779 2,688 154,731 UNIT STATISTICS: Number of Contracted Units and Purchased LS Units 1998-211 212 213 TOTAL Contracted Units (Active Accounts)

CalPERS 457 Plan Target Retirement Date Funds

CalPERS 457 Plan Target Retirement Date s September 30, 2015 Overview Target Retirement Date s (the "" or "s") are a series of diversified funds, each of which has a predetermined underlying asset mix