40 ILCS 5/ Illinois Pension Code

At the close of the quarter, the Pension Fund had a market value of $35,148,330. The total portfolio was 34.1% in equity securities, 9.90% in international equity securities, 55.2% in fixed income securities, and 0. 9% in cash.
The Pension Fund returned 1.1% for the quarter and 7.8% for the trailing twelve-month period.
Bear Steams Asset Management (+1.9% ) outperformed the Lehman Intermediate Government Index (+1.8%) for the quarter.
The Metropolitan Life Index Fund performed in-line with the S&P 500 Index ( -2.7% versus 2.7%).
The Mellon Equity Management Mid-Cap Equity Fund outperformed the S&P 400 Index for the quarter (+1.6% versus -3.3%).
The Kayne Anderson sma1l-cap equity portfolio outperformed the Russell 2000 Index for the quarter (+0.1% versus -3.8%).
The Hotchkis & Wiley International Fund outperformed the MSCI EAFE Index for the quarter (+4.2% versus -3.9%).
The aggregate investment management fee for the Pension Fund is 0.35%, which is low compared to the industry average fee for pension funds under $100 million (0.43%).
The actual asset style allocation at the end of the quarter versus the target asset allocation set forth in the investment policy statement is enumerated below.