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Reso 2021-087 Investment Guidelines Post Employment Benefits Trust
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Reso 2021-087 Investment Guidelines Post Employment Benefits Trust
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7/1/2021 9:21:39 AM
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6/15/2021 10:30:53 AM
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CM City Clerk-City Council - Document Type
Resolution
Document Date (6)
6/7/2021
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Strategic Asset Allocation: The asset allocation ranges for this objective are listed below: <br />Strategic Asset Allocation Ranges <br />Cash <br />Fixed Income <br />Equity <br />0-20% <br />40%-60% <br />40%-60% <br />Policy: 5% <br />Policy: 45% <br />Policy: 50% <br />Market conditions may cause the account's asset allocation to vary from the stated range from <br />time to time. The Investment Manager will rebalance the portfolio no less than quarterly and/or <br />when the actual weighting differs substantially from the strategic range, if appropriate and <br />consistent with your objectives. <br />Security Guidelines: <br />Equities <br />With the exception of limitations and constraints described above, Investment Manager may <br />allocate assets of the equity portion of the account among various market capitalizations (large, <br />mid, small) and investment styles (value, growth). Further, Investment Manager may allocate <br />assets among domestic, international developed and emerging market equity securities. <br />Total Equities <br />40%-60% <br />Equity Style <br />Range <br />Domestic Large Cap Equity <br />15%-45% <br />Domestic Mid Cap Equity <br />0%-10% <br />Domestic Small Cap Equity <br />0%-15% <br />International Equity (incl. Emerging Markets) <br />0%-15% <br />Real Estate Investment Trust (REIT) <br />0%-15% <br />Fixed Income <br />In the fixed income portion of the account, Investment Manager may allocate assets among <br />various sectors and industries, as well as varying maturities and credit quality that are consistent <br />with the overall goals and objectives of the portfolio. <br />Total Fixed Income <br />40%-60% <br />Fixed Income Style <br />Range <br />Long-term bonds (maturities >7 years) <br />0%-25% <br />Intermediate -term bonds (maturities 3-7 years) <br />25%-60% <br />Short -Term bonds (maturities <3 years) <br />0%-25% <br />High Yield bonds <br />0%-10% <br />City of San Leandro Employee Benefit Fund Pension Plan <br />Investment Guidelines Document — HighMark Capital Management, Inc. <br />(v. 05/06/2021 - RY) <br />
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