Investment Asset Allocation
As of December 31, 2009
Fourth Quarter 2009
| Asset Class |
September 30, 2007
|
December 31, 2009
|
New Long-Term Targets
|
| Total U.S. Equity |
44.0%
|
25.6%
|
25.0%
|
| Total Non-U.S. Equity |
19.2%
|
--
|
--
|
| Total Global Equity |
--
|
33.5%
|
30.0%
|
| Total Fixed Income |
22.7%
|
24.5%
|
20.0%
|
| Total Private Equity |
4.7%
|
7.2%
|
10.0%
|
| Total Real Estate |
5.1%
|
5.7%
|
10.0%
|
| Total Timberland |
2.3%
|
--
|
--
|
| Total Alternatives* |
--
|
2.7%
|
5.0%
|
| Arkansas Related** |
1.7%
|
--
|
--
|
| Total Cash |
0.4%
|
0.8%
|
--
|
| Total Fund |
100.0%
|
100.0%
|
100.0%
|
* As of 3/31/08, Total Alternatives was created to include the Timberland asset class.
** As of 3/31/08, Arkansas Related was broken into real estate components and fixed income components that have gone to those respective asset classes.
Return Summary Ending December 31, 2009
| |
Fourth Quarter
|
1 Year Ending
12/31/09
|
5 Year Ending
12/31/09
|
10 Years Ending
12/31/09
|
| |
Return
|
Rank
|
Return
|
Rank
|
Return
|
Rank
|
Return
|
Rank
|
| Total Fund |
4.5%
|
7
|
22.4%
|
27
|
4.5%
|
9
|
4.0%
|
17
|
| Performance Benchmark |
3.9%
|
23
|
16.1%
|
77
|
3.5%
|
37
|
2.8%
|
64
|
| Total U.S. Equity |
6.8%
|
10
|
39.9%
|
4
|
3.2%
|
5
|
2.8%
|
9
|
Dow Jones U.S. Total Stock Market Index
|
5.8%
|
49
|
28.6%
|
51
|
1.0%
|
39
|
-0.2%
|
68
|
| Total Non-U.S. Equity |
5.7%
|
26
|
39.1%
|
12
|
5.0%
|
26
|
2.5%
|
35
|
| MSCI All Country World ex-U.S. Index |
4.6%
|
49
|
34.6%
|
31
|
5.7%
|
19
|
2.6%
|
31
|
| Total Global Equity |
5.7%
|
26
|
39.1%
|
12
|
--
|
--
|
--
|
--
|
| MSCI All Country World Index |
4.6%
|
49
|
34.6%
|
31
|
--
|
--
|
--
|
--
|
| Total Fixed Income |
3.2%
|
4
|
24.6%
|
4
|
5.3%
|
33
|
6.0%
|
60
|
| Performance Benchmark |
0.6%
|
59
|
8.6%
|
66
|
5.0%
|
44
|
6.4%
|
45
|
| Total Private Equity |
5.3%
|
--
|
-12.2%
|
--
|
15.1%
|
--
|
9.3%
|
--
|
| Private Equity Policy |
n/a
|
--
|
n/a
|
--
|
3.9%
|
--
|
2.9%
|
--
|
| Total Real Estate |
-4.0%
|
65
|
-28.0%
|
42
|
6.4%
|
2
|
8.1%
|
--
|
| NCREIF Property Index |
-3.3%
|
55
|
-22.1%
|
23
|
6.2%
|
2
|
7.9%
|
--
|
| Total Alternatives |
-2.1%
|
--
|
-8.1%
|
--
|
5.6%
|
--
|
7.1%
|
--
|
| South Timberland Index |
-5.2%
|
--
|
-5.4%
|
--
|
10.7%
|
--
|
7.2%
|
--
|
Historical Returns
| |
Total Fund
|
Performance Benchmark
|
Return Difference
|
| |
Return
|
Rank
|
Return
|
Rank
|
| 1986 (9 months) |
5.3%
|
--
|
4.1%
|
--
|
1.2%
|
| 1987 |
2.8%
|
--
|
0.7%
|
--
|
2.1%
|
| 1988 |
10.1%
|
--
|
12.8%
|
--
|
-2.7%
|
| 1989 |
17.7%
|
62
|
21.5%
|
1
|
-3.8%
|
| 1990 |
4.6%
|
2
|
1.8%
|
19
|
2.8%
|
| 1991 |
19.0%
|
73
|
25.9%
|
5
|
-6.9%
|
| 1992 |
8.8%
|
12
|
8.9%
|
12
|
-0.1%
|
| 1993 |
10.4%
|
79
|
10.6%
|
77
|
-0.2%
|
| 1994 |
7.9%
|
1
|
-0.1%
|
31
|
8.0%
|
| 1995 |
8.2%
|
99
|
25.1%
|
42
|
-16.9%
|
| 1996 |
13.2%
|
58
|
13.2%
|
58
|
0.0%
|
| 1997 |
17.8%
|
48
|
18.0%
|
45
|
-0.2%
|
| 1998 |
14.6%
|
43
|
18.0%
|
7
|
-3.4%
|
| 1999 |
17.7%
|
32
|
15.5%
|
59
|
2.2%
|
| 2000 |
-1.0%
|
56
|
-2.2%
|
81
|
1.2%
|
| 2001 |
-4.1%
|
38
|
-6.2%
|
71
|
2.1%
|
| 2002 |
-10.0%
|
68
|
-12.3%
|
93
|
2.3%
|
| 2003 |
22.8%
|
62
|
22.8%
|
62
|
0.0%
|
| 2004 |
13.0%
|
27
|
12.0%
|
54
|
1.0%
|
| 2005 |
9.1%
|
31
|
8.6%
|
38
|
0.5%
|
| 2006 |
15.3%
|
23
|
14.2%
|
40
|
1.1%
|
| 2007 |
10.4%
|
14
|
9.5%
|
22
|
0.9%
|
| 2008 |
-26.6%
|
41
|
-24.6%
|
32
|
-2.0%
|
2009
|
22.4%
|
27
|
16.1%
|
77
|
6.3%
|
Trailing 3-Year
|
-0.3%
|
26
|
-1.4%
|
49
|
1.1%
|
Trailing 5-Year
|
4.5%
|
9
|
3.5%
|
37
|
1.0%
|
Trailing 10-Year
|
4.0%
|
17
|
2.8%
|
64
|
1.2%
|
Since Inception (3/31/86)
|
8.2%
|
--
|
8.3%
|
--
|
-0.1%
|
Total Fund - The Total Fund and its benchmark are ranked in our Public Fund Universe. The universe is calculated based on data provided by BNY Mellon Performance & Risk Analytics, LLC, and includes 106 funds with aggregate market value of $939.3 billion.
|
|
Last Updated ( Wednesday, 07 April 2010 )
|
