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HomeMy WebLinkAbout1994-01-27 - Agendas - Final• • • AGENDA FIREMEN'S PENSION AND RELIEF BOARD January 27, 1994 10:00 a.m. City Hall Room 326 1. Approval of the minutes of the January 27, 1994 meeting 2 Approval of Pension List for March, 1994 3 Old Business 4 New Business 1. Investment Report a. New Mexico Capital Management 5. Adjournment FAYETTE`'I LLE ItOF FAYETTEVILLE, ARKANSAS SHERRY L. THOMAS. CITY CLERK January 26, 1994 To Whom it May Concern: Mr. Joey Pierce, social security number member of the Fayetteville Firemen's Pension and since June 7, 1982. His contributions to the fund 1987 through January 16, 1994 are $8,454.85. Sincerely, , has been Relief Fund from June 1, a • Sherry L. Thomas City Clerk • 113 WEST MOUNTAIN 72701 501,373-13323 • • • FIREMEN'S PENSION & RELIEF FUND REQUEST TO CHANGE BENEFICIARY I, d.26.2)> /'/Pli/ , do solemnly swear that I am a current employee of the Fire Department of the City of Fayetteville, Arkansas, and am presently contributing to the Fayetteville Firemen's Pension & Relief Fund. Social Security #: Date of Birth: 7-12-5y Listed below are my beneficiaries. This list supersedes beneficiary designation. NAME/SOCIAL SECURITY # Clair cr a re g� BIRTHDATE 8 3-� //-as- ¥ L SUBSCRIB5D AN p SWORN TO before a Notary Public, this of �' , 1994. My Commission Expires: any prior RELATIONSHIP 24,/ Mo syt 114-/-911 Date day NN tary Public CITY OF FAYECTEEVILLE FJREMENS RELIEF AND PENSION FUND DEAN WITTER MCILROY BANK LLAMA COMPANY WORTHEN MATURITY COST DATE 11-15-98 $244,753.38 2-15-99 $244,124.15 12-31-98 $244,954.03 1-31-99 $244,698.75 $244,846.88 1-31-99 $244,966.63 2-15-95 iSvo° 2-15-97 b' S`, 66') 2-15-99 ` $244,362.20 FIRST SPRINGFIELD 1-31-99 MERRILL LYNCH A G EDWARDS A G EDWARDS A G EDWARDS • • MATURITY VALUE $314,000.00 $315,000.00 $243,000.00 $245,000.00 $245,000.00 $245,000.00 $285,000.00 COMPUTED YIELD 5.8909 5.7436 5.1000 5.0119 4.9913 4.9844 YIELD 5.2700 5.1100 5.0260 5.0290 5.0140 5.0000 3.2800 4.3500 5.0100 FEB -14-'00 TUE 18:39 ID: 01/25?94 10:40 1,1 501 575 5257 • • TEL NO: C1tr 01 Faye BID FORM 1/21/94 CITY OF FAYETTEVILLE, ARKANSAS FIREMENS RELIEF AND PENSION FUND Taxpayer Number 71-0584406 113 West Mountain Fayetteville, Arkansas 72701 501-575-8281 Fax 501-575-8257 Investment Amount: 6245,000.00 #321 P01 (1)002 Type of Investment: Sonde, Notes, or Treasury Certificates issued by the United States or its Agencies and backed by the full faith and credit of the United States Government. Requested Maturity Date: Approximately 5 years from the date of purchase. BIDS DUE: 1/27/94 9:00 A.M. FAX BIDS TO: 501-575-8257 ATTN: EMMA BADGLEY TRADE DATES 1/27/94 SETTLEMENT DATE: 1/27/94 Security Description: 4911% cemArri 71C / P.fl 1ec cL lP r Maturity Date: .aye Bid: Maturity Value: Interest Rate: Discount/Premium: Book Value: Accrued Interest: Yield: Handling Fee: Total Cost: • Interest Earnings: Effective Yield: Interest Payment Period: ****************s*********************r*****W************ax******* • 11.9 V7 1006 0zs r3 (Not to Exceed $245,000.00) S 2? SUBMITTED BY (FIRM): SIGNATURE: PHONE NUMBER: -s'%f_ lK- G c; BID FORM 1/21/94 ITY OF FAYETTEVILLE, ARKANSAS IIPPIREMENS RELIEF AND PENSION FUND Taxpayer Number 71-0584406 113 West Mountain Fayetteville, Arkansas 72701 501-575-8281 Fax 501-575-8257 Investment Amount: Type of Investment: $245,000.00 Bonds, Notes, or United States or faith and credit Treasury Certificates issued by the its Agencies and backed by the full of the United States Government. Requested Maturity Date: Approximately 5 years from the date of purchase. BIDS DUE: 1/27/94 9:00 A.M. FAX BIDS TO: 501-575-8257 ATTN: EMMA BADGLEY TRADE DATE: 1/27/94 SETTLEMENT DATE: 1/27/94 EASY GROWTH TREASURY RECEIPT Security Description: Maturity Date: Days Bid: Maturity Value: likterest Rate: Discount/Premium: Book Value: Accrued Interest: Yield: Handling Fee: Total Cost: Interest Earnings: Effective Yield: Interest Payment Period: SUBMITTED BY (FIRM): 11/15/1998 1753 $314,000.00 $244,753.58 5.8909 $0.00 $244,124.15 (Not to Exceed $245,000.00) $69,246.42 5.8909 5.27 AT MATURITY DEAN WITTER 575-1400 lGNATURE• PHONE NUMBER: 4 • • FAYETTEVILLE FIRE DEPT PENSION AND RELIEF FUND PORTFOLIO PERFORMANCE 12/31/93 TO 02/28/94 NM CAPITAL MANAGEMENT INCOME ACCT deposit 1/27/94 3 - MONTHS TREASURY BILLS DJIA W/DIV REINVESTED S & P 500 W/DIV REINVEST LONG TERM TREASURY BONDS HIGH GRADE CORP BONDS CPI (JAN) NM CAPITAL INCOME ACCT (time wtd) 12/31/93 $4,205,795 3,192,618 245,000 12/31/93 + 3.19 +16.96 + 10.09 + 17.74 + 13.71 + 2.75 + 15.34 + 7.01 ORIGINAL INVESTMENT• NM CAPITAL 12/06/85 06/26/86 10/01/86 04/23/87 W ITHDRAWALS: 02/14/94 $10,000. 02/28/34 $4,313,316 3,406,680 02/28/94 0.48 2.49 0.56 1.92 1.08 0.27 2.56 0.70 $1,000,000.00 312, 657. 00 195, 000. 00 6475.585.00 2, 155, 242.00 • FAYETTEVILLE FIREMEN PENSION & RELIEF FUND ASSET ALLOCATION AS OF 02/28/94 STOCKS *2,946,430 BONDS & CDS 4,166,579 CASH 433,807 OTHER 173,180 RANGE TARGET CURRENT 5 - 25 5 CASH 5.62 15 - 75 45 FIXED INCOME 53.97 25 - 50 47 STOCKS 38.17 0 - 10 3 OTHER 2.24 CO O O N CI 0 0 N M ON 0.1 rd • 0E1 0' • 6' 01 O sI O' 0 N co 0 0 N M 0 0 N . DEC -17-1993 10:42 FROM McILROY BANK 8 TRUST TO 95758257 P.01 PASSPORT PLUS INVESTMENT MANAGEMENT PROGRAM PRESENTED BY ARVEST TRUST COMPANY, N.A. McILROY BANK DIVISION ROBERT P. PLUMMER KEITH D. LEA 1. Overview of Program 11. Review of Investment Strategy Models III. Performance of Models IV. Summary of Features and Benefits Post -Ir brand fax transmittal memo 7671 1st ol paged • C: oc C tic.:I l e Dep1'Cilt Clercs e>ccxt Fa,r Se1S- 43 ..5r1 ForaV nateaw. Ci h p co.e ttkro , & Y& .hone fl Cel s -r1 Fax i /.00//93 • • • • 14 et e r con c4 �• co • o ° ± Z•mtt "444 t co • CO Pti r et col issit et ?". col et roi co • • • • • • 0 5 od 0 0 0 0 1 0 va 0 • • • a • • • • • 0 n a� Cg td E. 00 as it et la 0 r 0 1 as rt 0 c •• • • C0 C0e;stC0G�:00C C� C C st, ommk 1/40 1/40 1/40 1/40 w \O 1O \O 1O 00 00 O 1O 00 .°j ' o O PT' CD a a CD .1 'O 00 00 00 CO CN LA a \O \O \O \O 00 00 CO CO LO N O "4442222-924,91 O O O O O O C C C OOO0 �)t•< E - -Jy 4444 a a N a CD CD CD -it mit imi ist at VW Pc -Pr CDPc- C�Pc- a all fr cn Ras • PASSPORT PLUS ACCOUNT MODELS COMPONENT FUNDS Current Income Model Number I Fidelity Short -Term Bond Fidelity Cash Portfolio Treasury II Capital Preservation Taxable Model Number II Fidelity Equity Income Fidelity GNMA Fidelity Intermediate Bond Fidelity Short Term Bond Fidelity Cash Portfolio Treasury II Capital Preservation Tax Advantaged Model Number III Fidelity Equity Income Fidelity High Yield Tax Free Fidelity Limited Term Municipals Fidelity Money Market Tax -Exempt Cash Moderate Growth Model Number IV Fidelity Magellan Fidelity Blue Chip Growth Fidelity GNMA Fidelity Investment Grade Bond Fidelity Short Term Bond Fidelity Cash Portfolio Treasury II Wealth Building Model Number V Fidelity Growth Company Fidelity Growth and Income Fidelity Contra Fund Fidelity Investment Grade Bond Fidelity Cash Portfolio Treasury II Aggressive Appreciation Domestic Model Number VI Fidelity Contra Fund Fidelity OTC Fidelity Growth Company Aggressive Appreciation Global Model Number VII Fidelity Blue Chip Growth Fidelity OTC Fidelity Europe Fidelity Pacific Basin • • • • • • cat • Pu►uag sdrtim, r < crtz CD poct a 0 a-. 0 .54 ao cp n 1-• AD 0 i•+ pRi• 0 0 0 a 0 a n• Q co ' • M1lot 0 CPO W (� pi 7 151 0 0 h l+l an io.. CD rtsi p at CA ET 0 n ~+ cn (1) 0, 0 0, c c 0 sb t • • • • w PASSPORT MODEL PERFORMANCE Average Annual Total Retum For Period Ending December 31, 1993 I. Current Income Model Number I Normal allocation: 80% bonds, 20% money market funds 1993 Total return - 7.90% II. Capital Preservation Taxable Model Number II Normal allocation: 30% bonds, 20% stocks, 50% money market funds 1993 Total return - 10.11% III. Capital Preservation Tax Advantaged Model Number III Normal allocation: 30% bonds, 20% stocks, 50% money market funds 1993 Total return - 10.71% "• Moderate Growth Model Number IV Normal allocation: 40% stocks, 40% bonds, 20% money market funds 1993 Total return - 14.64% V. Wealth Building Model Number V Normal allocation: 65% stocks, 30% bonds, 5% money market funds 1993 Total return - 15.81% VI. Aggressive Appreciation Domestic Model Number VI Normal allocation: 100% stocks 1993 Total return - 16.44% VII. Aggressive Appreciation Global Model Number VII Normal allocation: 100% stocks 1993 Total return - 26.40% Model returns are historical only and not necessarily indicative of future returns. Passport Plus is an investment program, and as such, is not an obligation of the bank, is not guaranteed by the bank, is not FDIC insured, and involves investment risks, including the possible loss of principal. • Model returns show the change in value of an investment in a model over the period shown based on the weighted performance of the securities comprising the model value at net asset value, inclusive of change in value and reinvestment of any dividends and capital gains, and net of all expenses, except the fees charged by Arvest Trust Company, N.A. The funds, which are managed by Fidelity Management and Research, within each model are available at net asset value and purchased through Arvest Trust Company, NA. Each model asset allocation is reviewed regularly and may be adjusted to reflect an asset mix that is intended to provide the best opportunity for that model to achieve Its stated objective. Performance of these models may fluctuate widely and will be influenced by many factors. Participation in this asset allocation program does not assure a profit not guarantee against a loss. Reallotation of assets within a model will generally resuk in a taxable event to investors using the models. Share price, yields, and returns of mutual funds within each model will vary, and investors my have a gain or a loss when shares are redeemed. For more complete information about the mutual funds used in each model, including fees and expenses, read the prospectus of the mutual fund. Fidelity Distributors Corporation and Arvest Trust Company, NA. are not ',Rioted. (Arvest Trust Company, 10-93). 1 • • • • • ., NM CAPITAL MANAGEMENT, INC. Page 1 CLIENT : FAYETTPP CITY OF FAYETTEVILLE FIRE PENSION AND RELIEF FUND REPORTING PERIOD: 10/01/93 TO 12/31/93 MANAGER: NTSC PORTFOLIO COM'OSITION STATEMENT OF CHANGES MARKET % OF PORTFOLIO MARKET VALUE AT 10/01/93: $3,141,128.07 VALUE TOTAL DEPOSITS 853,233.68 CASH AND EQUIVALENTS $135,384.57 3.2 WITHDRAWALS (371.04) EQUITIES 2,861,723.50 67.7 INCOME EARNED 48,088.12 GOV'T/CORP BONDS 1,190,868.91 28.2 CAPITAL APPRECIATION 183,389.57 ACCRUED INCOME 37,491.42 0.9 TOTAL $4 225,468.40 100.0 PORTFOLIO MARKET VALUE AT 12/31/93: $4.225,468.40 THE FOLLOWING RETURNS ARE SHOWN GROSS OF MANAGEMENT FEES: CUMULATIVE ANNUALIZED 10/01/93 TO 12/31/93 YEAR-TO-DATE PAST TWELVE MONTHS SINCE INCEPTION SINCE INCEPTION TOTAL PORTFOLIO 5.9% 20.9% 20.9% 64.6% 13.3% CASH AND EQUIVALENTS 0.7% 3.5% 3.5% 22.8% 5.3% EQUITIES 8.9% 26.7% 26.7% 74.2% 14.9% GOY'T/CORP BONDS 0.5% 12.9% 12.9% 56.0% 11.8% AilliED INDEX - I ILLS S&P500 REINVESTED GOV'T/CORP INTERMEDIATE BOND CONSUMER PRICE INDEX 1.5% 0.8% 2.3% 0.2% 1.0% 9.4% 3.3% 10.0% 8.8% 2.9% 9.4% 3.3% 10.0% 8.6% 2.9% INVESTMENT EARNINGS (APPRECIATION + INCOME) SINCE INCEPTION 01/18/90: $1,360,818.17 52.2% 23.4% 56.2% 45.9% 15.7% NOTE: THE RETURNS SHOWN FOR THE VARIOUS SEGMENTS OF THE PORTFOLIO (CASH, EQUITY, ETC.) ARE SUPPLEMENTAL INFORMATION TO THE TOTAL PORTFOLIO RETURN. • SEGMENT NOT HELD FOR THE DESIGNATED PERIOD THEREFORE SEGMENT RETURNS ARE NOT COMPARABLE TO THE INDICES. • 11.1% 5.4% 11.8% 9.9% 3.7% DATE PRINTED: 02/16/94 Sill' T ID: FAYETTPP T NAME: CITY OF FAYETTEYILLE FIRE U DEFINE CODES: NNP%DDIN - BXXXXXXX Cash and Equivalents Fixed Income Equities NM CAPITAL MANAGEMENT, INC. Portfolio Overview PENSION AND RELIEF FUND APPRAISAL DATE: 02/16/94 PRICING DATE: 02/15/94 CURRENT ASSET CHANGE ACCRUED COST VALUE MIX TARGET % TO TARGET YIELD INCOME BASIS 230,418 5.3% 5.0% -13,309 2.8% 0 230,418 1,223,667 28.2% 30.0% 78,990 7.2% 42,169 1,081,392 2,888,104 66.5% 65.0% -65,681 2.4% 4,733 2,391.051 TOTAL PORTFOLIO 4,342,189 100.0% • • STOCK AVERAGES 46,902 3,702,861 FIXED INCOME AVERAGES PERFORMANCE TO 02/15/94 EXCL TOTAL CASH & EQUIV SINCE RETURN P/E 26.70 YTM 5.42% 01/18/90 69.18% BETA 1.05 OUR 4.39 12/31/93 2.76% ERNGR -3.63% COUP 7.98% 09/30/93 8.85% DIVGR 12.24% MAT 5.23 12/31/93 2.76% MDY (AAA ) 01/31/94 -0.43% S&P (AAA ) • • • NM CAPITAL MANAGEMENT, INC. DATE PRINTED: 02/17/94 Port f o l i o Summary PRICING DATE: 02/15/94 DATE OF APPRAISAL: 02/15/94 FAYETTPP - CITY OF FAYETTEVILLE FIRE PENSION ANO RELIEF FUND ESTIMATED MARKET % OF ANNUAL VALUE PORTFOLIO INCOME YIELD Cash and Equivalents MONEY MARKET FUNDS Fixed Income GOVERNMENT ISSUES Equities COMMON STOCKS 230,418.02 1,181,497.10 2,883,361.25 ACCRUED INTEREST 41,933.64 ACCRUED DIVIDEND 4,733.40 TOTAL PORTFOLIO 5.3 6,429 2.8 27.2 85,025 7.2 66.4 70,077 2.4 1.0 0.1 4.341,943.41 100.0 161,531 3.7 • • NM CAPITAL MANAGEMENT, INC. OATE PRINTED: 02/17/94 Common Stock Summary PRICING DATE: 02/15/94 DATE OF APPRAISAL- 02/15/94 FAYETTPP - CITY OF FAYETTEVILLE FIRE PENSION ANO RELIEF FUND % OF % OF MARKET COMMON TOTAL COMMON STOCKS VALUE STOCKS PORTFOLIO Capital Goods - Industrial Capital Goods - Technology Consuaer Durables Consumer Non -Durables Energy Finance Basic Industry Transportation Utilities TOTAL COMMON STOCK 137,500.00 554,712.50 580,850.00 751,805.50 76,387.50 65,000.00 384,187.50 211,250.00 121,668.25 2,883,361.25 4.8 3.2 19.2 12.8 20.1 13.4 26.1 17.3 2.6 2.3 13.3 7.3 4.2 1.8 1.5 8.8 4.9 2.8 100.0 66.4 • DATE PRINTED: 02/17/94 • SHARES / FACE VALUE DESCRIPTION NM CAPITAL MANAGEMENT, INC. Page 1 Client Appraisal FAYETTPP - CITY OF FAYETTEVILLE FIRE PENSION ANO RELIEF FUND Cosh and Equivalents MONEY MARKET FUNDS 230,418.02 MONEY MARKET FUND PRICING DATE: 02/15/94 DATE OF APPRAISAL: 02/15/94 % OF ESTIMATED UNIT TOTAL MARKET MARKET % OF ASSET ANNUAL CUR COST COST PRICE VALUE PORTFOLIO CLASS INCOME YLD 1.00 230,418.02 1.00 230,418.02 5.3 100.0 6,429 2.8 Fixed Income GOVERNMENT ISSUES 220,000 US TREAS 8.500% 05/15/97 100.04 220,092.35 110.69 243,512.50 5.6 20.6 18,700 7.7 100,000 FNMA DEB 9.550% 09/10/97 99.34 99,343.75 112.59 112,593.80 2.6 9.5 9,550 8.5 100,000 FNMA DEB 9.150% 04/10/98 99.34 99,343.75 113.34 113,343.80 2.6 9.6 9,150 8.1 100,000 US TREAS 5.250% 07/31/98 101.25 101,254.85 100.00 100,000.00 2.3 8.5 5,250 5.3 300,000 US TREAS 7.675% 11/15/99 102.95 308,852.10 111.75 335,250.00 7.7 28.4 23,625 7.0 250,000 US TREAS 7.500% 11/15/01 101.00 252,504 85 110.72 276,797.00 6.4 23.4 18,750 6.8 TOTAL GOVERNMENT ISSUES 1,081,391.65 1,181,497.10 27.2 100.0 85,025 7.2 Equities COMMON STOCKS Capital Goods - Industrial 5,500 HARNISCHFEGER INDUSTRY 18.88 103,848.18 25.00 137,500.00 3.2 4.8 2,200 1.6 4,200 3,500 •3,400 2,500 1,400 • 2,300 3,900 7,800 6,300 2,300 5,896 9,500 6,400 3,800 6,000 5,900 Capital Goods - Technology AUGAT INC BOEING CO PRECISION CASTPARTS CP -ROCKWELL INTL CORP UNITED TECHNOLOGIES CORP 12.17 51,123 55 21.75 91,350.00 2.1 3.2 0 0.0 40.78 142,736.60 44.38 155,312.50 3.6 5.4 3,500 2.3 19.00 64,587.85 31.75 107,950.00 2.5 3.7 816 0.8 23.28 58,189.85 41.75 104,375.00 2.4 3.6 2,500 2.4 47.44 66,420.60 68.38 95,725.00 2.2 3.3 2,520 2.6 TOTAL Capital Goads • Technology Consumer Durables ARVIN INDS INC BROWN GROUP INC CROSS (A.T.) COMPANY OUTBOARD MARINE CORP TANGY CORP TOTAL Consumer Durables Consumer Non -Durables ARCHER DANIELS MIDLAND DELTA WOODSIDE HANSON PLC SPONSRO MERCANTILE STORES RUSS BERRIE 8 CO INC RYKOFF-SEXTON INC TOTAL Consumer Non -Durables 383,058.45 554,712.50 12.8 19.2 9,336 1.7 22.07 50,754.35 32.00 73,600.00 1.7 2.6 1,748 2.4 30.43 118.660.71 34.75 135,525.00 3.1 4.7 6,240 4.6 14.56 113,561.55 14.50 113,100.00 2.6 3.9 4,992 4.4 18.43 116,092.54 25.13 158,287.50 3.6 5.5 2,520 1.6 27.15 62,453.25 43.63 100,337.50 2.3 3.5 1,380 1.4 461,522.40 580,850.00 13.4 20.1 16,880 2.9 21.12 124,541.50 26.75 157,718.00 3.6 5.5 590 0.4 12.46 118,362.05 10.63 100,937.50 2.3 3.5 3,800 3.8 19.43 124,371.40 20.88 133,600.00 3.1 4.6 5,736 4.3 34.97 132,885.70 39.13 148,675.00 3.4 5.2 3,876 2.6 15.73 94,354.85 14.25 85,500.00 2.0 3.0 3,600 4.2 17.67 104,249.75 21.25 125,375.00 2.9 4.3 0 0.0 698,765.25 751,805.50 17.3 26.1 17,602 2.3 • • DATE PRINTED: 02/17/94 • SHARES / FACE VALUE DESCRIPTION NM CAPITAL MANAGEMENT, INC. Page 2 Client Appraisal PRICING DATE: 02/15/94 DATE OF APPRAISAL: 02/15/94 FAYETTPP - CITY OF FAYETTEVILLE FIRE PENSION AND RELIEF FUND % OF ESTIMATED UNIT TOTAL MARKET MARKET % OF ASSET ANNUAL CUR COST COST PRICE VALUE PORTFOLIO CLASS INCOME YLD Energy 700 ROYAL DUTCH PETE NY REG GLOR 5 75.16 52,613.55 109.13 76,387.50 1.8 2.6 2,815 3.7 Finance 800 ST PAUL COS INC 74.32 59,454.20 81.25 65,000.00 1.5 2.3 2,240 3.4 11,600 5,700 6,300 Basic Industry CALGON CARBON CORP GLATFELTER COMPANY JAMES RIVER CORP VA TOTAL Basic Industry 11.70 138,046.70 13.50 159,300.00 3.7 5.5 1,888 1.2 18.62 106,138.85 17.63 100,462.50 2.3 3.5 3,990 4.0 20.98 132,147.40 19.75 124,425.00 2.9 4.3 3,780 3.0 376,332 95 384,187.50 8.8 13.3 9,658 2.5 Transportation 7,800 AAR CORP 13.32 103,899.25 16.00 124,800.00 2.9 4.3 3,744 3.0 3,800 OVERSEAS SHIPHOLOING GROUP 19.19 72,926.85 22.75 86,450.00 2.0 3.0 2,280 2.6 3,322 TOTAL Transportation Utilities SPRINT CORP TOTAL COMMON STOCKS 176,826.10 211,250.00 4.9 7.3 6,024 2.9 23.67 78,627.65 36.63 121,668.25 2.8 4.2 3,322 2.7 2,391,048.93 2,883,361.25 66.4 100.0 70,077 2.4 ACCRUED INTEREST 41,933.64 1.0 ACCRUED DIVIDEND 4,733.40 0.1 TOTAL PORTFOLIO 3,702,858.80 4,341,943.41 100.0 100.0 161,531 3.7