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HomeMy WebLinkAbout2009-09-24 - Agendas - FinalFayetteville Fireman's Pension and Relief Fund Meeting Date Adjourn Time Attendees: 9 -lc/ -09 3;os- pm, niMarl DossM , r ) t;1 it,'�� itir/t� �a fl[ke, 41 L 0<e e , 1. 1 4 A[/L '• Subject: 0 ii C a li Motion To: Motion By: Seconded: Mayor Jordan i V Marion DosstZ Pete Reagan ( C`i,vse4- Gene Warford aat Se,t&f Ronnie Wood a$e„+ Sondra Smith V Subject: Motion To: Motion By: Seconded: Mayor Jordan Marion Doss Pete Reagan Gene Warford Ronnie Wood Sondra Smith Subject: Motion To: Motion By: Seconded: Mayor Jordan Marion Doss Pete Reagan Gene Warford Ronnie Wood Sondra Smith Subject: Motion To: Motion By: Seconded: Mayor Jordan Marion Doss Pete Reagan Gene Warford Ronnie Wood Sondra Smith Lioneld Jordan Chairman Sondra E. Smith Secretary Marion Doss Position 1/Retired 7,11ve .. vi ARKANSAS Firemen's Pension and Relief Fund Board of Trustees Meeting Agenda September 24, 2009 Pete Reagan Gene Warford Ron Wood Position 2/Retired Position 3/Retired Position 4/Retired A meeting of the Fayetteville Firemen's Pension and Relief Fund will be held at 3:00 PM on September 24, 2009 in Room 326 of the City Administration Building. Old Business: • Osborn, Carreiro & Associates, Inc. actuarial study. Longer Investments: • Longer Investment — Investment Report — August 31,2009 Longer Investments Inc. PORTFOLIO APPRAISAL Fayetteville Fire Pension and Relief Fund U/A DTD 6-18-86 August 31, 2009 Unit Total Market Pct. Unit Annual Cur. Quantity Security Cost Cost Price Value Assets Income Income Yield Common Stock 3,515 AT&T 25.04 88,008.73 26.05 91,565.75 1.6 1.640 5,764.60 6.6 1,270 Abbott Laboratories 44.70 56,764.43 45.23 57,442.10 1.0 1.600 2,032.00 3.6 2,175 American Electric 29.04 63,167.85 31.43 68,360.25 1.2 1.640 3,567.00 5.6 Power Co., Inc. 1,735 Archer -Daniels -Midland 28.81 49,976.68 28.83 50,020.05 0.9 0.560 971.60 1.9 Co. 1,600 B.P. Amoco PLC A.D.S. 43.64 69,823.06 51.45 82,320.00 1.4 3.360 5,376.00 7.7 2,950 BCE, Inc. 24.40 71,967.32 24.57 72,481.50 1.3 1.400 4,130.00 5.7 1,400 Chevron Corp. 69.84 97,772.13 69.94 97,916.00 1.7 2.720 3,808.00 3.9 2,635 Cisco Systems, Inc. 18.35 48,357.99 21.60 56,916.00 1.0 0.000 0.00 0.0 1,000 Clorox Corporation 57.69 57,690.00 59.09 59,090.00 1.0 2.000 2,000.00 3.5 2,620 Disney Company 27.05 70,870.21 26.04 68,224.80 1.2 0.350 917.00 1.3 ' 5,000 EMC Corporation 13.10 65,475.71 15.90 79,500.00 1.4 0.000 0.00 0.0 10,725 Financial Select Sector 16.49 176,852.41 14.70 157,657.50 2.7 0.242 2,600.60 1.5 SPDR Fund 1,265 General Dynamics Corp. 55.27 69,916.04 59.19 74,875.35 1.3 1.520 1,922.80 2.8 5,885 Intel Corp. 17.92 105,471.84 20.32 119,583.20 2.1 0.560 3,295.60 3.1 585 International Business 119.96 70,177.24 118.05 69,059.25 1.2 2.200 1,287.00 1.8 Machines Corp. 1,215 Johnson & Johnson 59.03 71,717.32 60.44 73,434.60 1.3 1.960 2,381.40 3.3 1,950 Medtronic, Inc. 36.34 70,867.40 38.30 74,685.00 1.3 0.820 1,599.00 2.3 2,400 Merck & Co. Inc. 26.34 63,216.90 32.43 77,832.00 1.4 1.520 3,648.00 5.8 3,300 Microsoft Corp. 29.70 98,002.76 24.65 81,345.00 1.4 0.520 1,716.00 1.8 1,325 Northrop Grumman 47.92 63,499.70 48.81 64,673.25 1.1 1.720 2,279.00 3.6 Corp. 2,535 Oracle Corp. 15.85 40,169.83 21.88 55,465.80 1.0 0.200 507.00 1.3 4,450 Pfizer Inc. 14.24 63,370.03 16.70 74,315.00 1.3 0.640 2,848.00 4.5 3,300 Powershares Dynamic 17.82 58,814.51 14.70 48,510.00 0.8 0.095 314.95 0.5 Energy Exploration 2,465 ProShares Ultrashort 37.91 93,449.27 37.00 91,205.00 1.6 0.000 0.00 0.0 Dow 30 1,085 Procter & Gamble Co. 47.47 51,510.17 54.11 58,709.35 1.0 1.760 1,909.60 3.7 1,200 United Technologies 47.96 57,557.80 59.36 71,232.00 1.2 1.540 1,848.00 3.2 Corp. 2,785 Vodafone Group PLC 19.47 54,236.94 21.72 60,490.20 1.0 1.580 4,400.30 8.1 2,100 Wal-Mart Stores Inc. 50.18 105,380.15 50.87 106,827.00 1.9 1.090 2,289.00 2.2 1,540 Zimmer Holdings Inc. 46.28 71,263.81 47.35 72,919.00 1.3 0.000 0.00 0.0 2,125,348.24 2,216,654.95 38.5 63,412.45 3.1 Preferred Debt Securities 5,000 AT&T Preferred 24.99 124,939.00 25.94 129,700.00 2.3 1.594 7,968.75 6.4 6.375%A2/A (C 2-12-12) 1,500 G.E. Preferred 6.10% 24.76 37,139.10 22.75 34,125.00 0.6 1.525 2,287.50 6.2 AAA/AAA (C 11-15-07) Mutual Funds -Equity 4,000.0000 Japan Smaller Capitalization Fund Inc. 1,000.0000 Thai Fund Inc. 14,345,0000 iShares MSCI Japan Index Fund 162,078.10 163,825.00 2.8 10,256.25 6.3 7.62 30,483.60 7.95 31,800.00 0.6 0.114 456.00 1.5 9.63 9,634.50 8.09 8,090.00 0.1 0.013 13.20 0.1 9.85 141,298.25 10.22 146,605.90 2.5 0.100 1,432.09 1.0 1 Longer Investments Inc. PORTFOLIO APPRAISAL Fayetteville Fire Pension and Relief Fund U/A DTD 6-18-86 August 31, 2009 Unit Total Market Pct. Unit Annual Cur. Quantity Security Cost Cost Price Value Assets Income Income Yield 1,235.0000 iShares MSCI 7.53 9,298.31 10.23 12,634.05 0.2 0.130 160.70 1.7 Singapore Index Fund 830.0000 iShares MSCI Taiwan 8.47 7,028.09 10.84 8,997.20 0.2 0.602 499.37 7.1 Index Fund 5,675.0000 iShares S&P Europe 35.57 201,849.29 36.69 208,215.75 3.6 1.411 8,006.09 4.0 350 Index 399,592.05 416,342.90 7.2 10,567.44 2.7 Mutual Funds -Fixed 6,500.0000 iShares Barclays 7-10 90.90 590,871.00 91.60 595,400.00 10.3 3.422 22,242.95 3.8 Year T -Bond Fund 590,871,00 595,400.00 10.3 22,242.95 3.8 Corporate Bonds 50,000 Hershey Foods Corp. 97.63 48,816.00 113.28 56,640.75 1.0 6.950 3,475.00 7.1 Notes A2/A (NC) 6.950% Due 08-15-12 50,000 IBM Corp. Debentures 100.01 50,004.00 118.53 59,266.00 1.0 7.000 3,500.00 7.0 Al/A+ (Subject to make whole call) 7.000% Due 10-30-25 Accrued Interest 1,321.11 0.0 98,820.00 117,227.86 2.0 6,975.00 7.1 Government Bonds 1,075,000 U. S. Treasury Note 102.83 1,105,468.75 104.72 1,125,726.56 19.5 4.000 43,000.00 3.9 4.000% Due 08-15-18 Accrued Interest 1,869.57 0.0 1,105,468.75 1,127,596.13 19.6 43,000.00 3.9 Government Agency 50,000 Tennessee Valley 98.95 49,474.00 106.72 53,358.50 0.9 5.625 2,812.50 5.7 Authority (NC) 5.625% Due 01-18-11 175,000 Federal Farm Credit 100.00 175,000.00 100.22 175,382.81 3.0 3.750 6,562.50 3.7 Bank (Call 9-2909 @ 100, CC) 3.750% Due 09-29-11 50,000 Federal Farm Credit 100.00 50,000.00 100.50 50,250.00 0.9 3.375 1,687.50 3.4 Bank (Call 11-18-09 @ 100, IX) 3.375%Due 11-18-11 250,000 Federal Home Loan 100.00 250,000.00 104.47 261,171.87 4.5 5.000 12,500.00 5.0 Bank (Call 10-1-10 @ 100,1X) 5.000% Due 10-01-12 200,000 Federal Home Loan 100.00 200,000.00 108.31 216,625.00 3.8 6.000 12,000.00 6.0 Bank (Call 1-3-12 @ 100, 1X) 6.000% Due 07-03-17 Accrued Interest 10,731.25 0.2 724,474.00 767,519.44 13.3 35,562.50 4.9 Alternative Investments 1,500 SPDR Gold Shares 97.25 145,868.63 93.40 • 140,100.00 2.4 0.000 0.00 0.0 145,868.63 140,100.00 2.4 0.00 0.0 2 Longer Investments Inc. PORTFOLIO APPRAISAL Fayetteville Fire Pension and Relief Fund U/A DTD 6-18-86 August 31, 2009 Unit Total Quantity Security Cost Cost Cash and Equivalents Dividends Accrued Money Market Restricted Cash Price 8,174.10 -326.00 108,000.00 Market Pet. Unit Annual Cur. Value Assets Income Income Yield 8,174.10 -326.00 108,000.00 0.1 0.0 1.9 0.000 0.010 0.010 0.00 -0.03 10.82 0.0 0.0 0.0 115,848.10 115,848.10 2.0 10.79 0.0 Certificates of Deposit 100,000 Westembank PR CD 100.00 100,000.00 101.90 101,904.80 1.8 3.400 3,400.00 3.4 (NC) FDIC -Insured 3.400% Due 06-24-10 Accrued Interest 65.21 0.0 100,000.00 101,970.01 1.8 3,400.00 3.4 TOTAL PORTFOLIO 5,568,368.87. 5,762,484.38 100.0 195,427.39 3.6 3 Longer Investments Inc. CASH CONTRIBUTIONS/WITHDRAWALS Fayetteville Fire Pension and Relief Fund U/A DTD 6-18-86 08-15-02 to 08-31-09 CONTRIBUTIONS 2002 Total 09-10-03 08-04-04 09-01-05 08-17-06 07-26-07 07-31-08 12-08-08 02-24-09 06-18-09 07-16-09 Additional transfers from Merrill Lynch Money Market Money Market Money Market Money Market (Bristol-Myers Squibb litigation settlement) Money Market Money Market Money Market Money Market (Bristol-Myers Squibb litigation settlement) Money Market (American International Group Inc. litigation Money Market WITHDRAWALS 2002 Total Money Market 2003 Total Money Market 2004 Total Money Market 2005 Total Money Market 2006 Total Money Market 2007 Total Money Market 2008 Total Money Market 2009 01-02-09 02-01-09 03-01-09 04-01-09 05-01-09 08-01-09 Money Market Money Market Money Market Money Market Money Market Money Market 4 $147,498.38 $350,000.00 $127,000.00 $145,000.00 $408.95 $55,000.00 $40,000.00 $37,000.00 $106.58 $89.78 settlement) $38,000.00 $940,103.69 $199,000.00 $751,000.00 $935,000.00 $1,106,000.00 $1,536,000.00 $926,000.00 $1,480,000.00 $117,000.00 $84,000.00 $112,000.00 $115,000.00 $100,000.00 $108,000.00 $7,569,000.00