| Investment Report as of December 31, 2011 |
| Annualized Performance Comparison |
1 Year |
3 Year |
5 Year |
10 Year |
| RACF Domestic Equity Managers |
-1.7% |
15.3% |
0.7% |
4.3% |
| RACF International Equity Managers |
-15.0% |
10.6% |
-1.7% |
6.8% |
|
| RACF Total Equity Portfolio1 |
-5.1% |
14.2% |
0.0% |
4.7% |
| Equity Blended Index2 |
-3.8% |
12.9% |
-1.2% |
3.8% |
|
| RACF Fixed Income Portfolio1 |
6.3% |
7.5% |
6.9% |
5.4% |
| Barclays Capital Aggregate3 |
7.8% |
6.8% |
6.5% |
5.8% |
|
| RACF Blended Endowment Portfolio1 |
-1.6% |
12.2% |
2.1% |
4.9% |
| 70% RACF Total Equity Portfolio |
| 30% RACF Fixed Income Portfolio |
|
| Endowment Blended Index4 |
0.2% |
11.3% |
1.4% |
4.6% |
|
|
|
|
|
| Comparative Indexes |
|
|
|
|
| 90-day Treasury Bill Index |
0.1% |
0.2% |
1.6% |
2.0% |
| Barclays Aggregate Bond Index |
7.8% |
6.8% |
6.5% |
5.8% |
| Wilshire 5000 Equity Index |
0.9% |
14.9% |
0.1% |
3.8% |
| S & P 500 Composite Index |
2.1% |
14.1% |
-0.3% |
2.9% |
| Morgan Stanley EAFE Index |
-12.1% |
7.7% |
-4.7% |
4.7% |
|
|
|
|
|
| Consumer Price Index |
3.2% |
2.6% |
2.5% |
2.7% |
1 Performance is net of all consultant, custody and investment manager fees currently averaging 0.58% of market value.
2 Equity Blended Index weights as of 12/31/09 are 70% Wilshire 5000 Index and 30% Morgan Stanley EAFE Index; as of 11/1/07 they were 75% Wilshire 5000 Index and 25% Morgan Stanley EAFE Index; as of 7/1/05 they were 80% Wilshire 5000 Index and 20% Morgan Stanley EAFE Index; prior to that the weights were 85% Wilshire 5000 Index and 15% Morgan Stanley EAFE Index.
3 Fixed Income benchmark as of 12/31/08 is the Barclays Capital Aggregate; as of 7/1/06 it was the Lehman Aggregate Bond Index; prior to that it was the Lehman Gov't/Corp Intermediate Bond Index.
4 Endowment Blended Index weights as of 12/31/09 are 50% Wilshire 5000 Index, 20% Morgan Stanley EAFE Index and 30% Barclays Aggregate Bond Index; as of 12/31/08 they were 52.5% Wilshire 5000 Index, 17.5% Morgan Stanley EAFE Index and 30% Barclays Aggregate Bond Index; as of 11/1/07 they were 52.5% Wilshire 5000 Index, 17.5% Morgan Stanley EAFE Index and 30% Lehman Aggregate Bond Index; as of 7/1/06 they were 56% Wilshire 5000 Index, 14% Morgan Stanley EAFE Index and 30% Lehman Aggregate Bond Index; prior to 7/1/06 the weights were 56% Wilshire 5000 Index, 14% Morgan Stanley EAFE Index and 30% Lehman Gov't/Corp Intermediate Bond Index; prior to 7/1/05 the weights were 60% Wilshire 5000 Index, 10% Morgan Stanley EAFE Index and 30% Lehman Gov't/Corp Intermediate Bond Index.
December 2011 Investment Report 
If you are interested in further information, such as the names of our current investment managers, members of the Investment Committee, and fees charged, please contact Amy Vars.