10B Action 2021 0607 - Laserfiche WebLink

Home

City of San Leandro Employee Benefit Fund Pension Plan Investment Guidelines Document – HighMark Capital Management, Inc. (v. 05/06/2021 - RY) 4 Strategic Asset Allocation: The asset allocation ranges for this objective are listed below: Strategic Asset Allocation Ranges Cash Fixed Income Equity 0-20% 40%-60% 40%-60% Policy: 5% Policy: 45% Policy: 50% Market conditions may cause the account’s asset allocation to vary from the stated range from time to time. The Investment Manager will rebalance the portfolio no less than quarterly and/or when the actual weighting differs substantially from the strategic range, if appropriate and consistent with your objectives. Security Guidelines: Equities With the exception of limitations and constraints described above, Investment Manager may allocate assets of the equity portion of the account among various market capitalizations (large, mid, small) and investment styles (value, growth). Further, Investment Manager may allocate assets among domestic, international developed and emerging market equity securities. Total Equities 40%-60% Equity Style Range Domestic Large Cap Equity 15%-45% Domestic Mid Cap Equity 0%-10% Domestic Small Cap Equity 0%-15% International Equity (incl. Emerging Markets) 0%-15% Real Estate Investment Trust (REIT) 0%-15% Fixed Income In the fixed income portion of the account, Investment Manager may allocate assets among various sectors and industries, as well as varying maturities and credit quality that are consistent with the overall goals and objectives of the portfolio. Total Fixed Income 40%-60% Fixed Income Style Range Long-term bonds (maturities >7 years) 0%-25% Intermediate-term bonds (maturities 3-7 years) 25%-60% Short-Term bonds (maturities <3 years) 0%-25% High Yield bonds 0%-10% 209