los angeles water and power employees’ … › cs › webfiles...dec 09, 2020 · n o r t h e r n...

Group Name Market Value

WPERP - Retirement Fund Total 13,831,969,267$

WPERP - Health Fund Total 2,414,331,871$

WPERP Disability Benefit Fund 40,504,965$

WPERP Death Benefit Fund 38,614,478$

TOTAL PLAN ASSETS 16,325,420,582$

LOS ANGELES WATER AND POWER EMPLOYEES’ RETIREMENT PLAN AND RETIREE HEALTH BENEFITS FUND

TOTAL PLAN ASSETSOctober 31, 2020

N O R T H E R N T R U S T WPERP - Retirement Fund | 31 October 2020

The Northern Trust Company

Investment Hierarchy1ITD=IRR

Account / Group Name Vintage Commitment Market Value Portfolio WeightTarget Weight 1 Month 3 Months YTD FYTD 1 Year 3 Years 5 Years ITD

Inception Date

WPERP - Retirement Fund Total(GOF) 13,831,969,266.80 100.0% 100.0% -0.98 0.96 2.56 4.70 6.39 6.31 7.66 6.72 Dec-04WPERP - Retirement Fund Total(NOF) -1.00 0.91 2.38 4.62 6.16 6.08 7.44 6.56 Dec-04WPERP Retirement Fund Index -0.81 1.16 2.46 5.07 6.18 6.39 7.62 6.56NOF Excess Return -0.19 -0.25 -0.08 -0.45 -0.02 -0.31 -0.18 -0.01 WPERP - Retirement ex Sec Len(GOF) 13,831,969,266.80 100.0% -- -0.99 0.96 2.54 4.69 6.36 6.28 7.63 9.41 Feb-79 WPERP - Retirement ex Sec Len(NOF) -1.00 0.90 2.36 4.61 6.14 6.05 7.41 2.43 Feb-79 WPERP Retirement Fund Index -0.82 1.15 2.45 5.06 6.17 6.39 7.62 -- NOF Excess Return -0.18 -0.25 -0.09 -0.45 -0.04 -0.34 -0.22 -- Total Domestic Equity(GOF) 3,850,585,013.08 27.8% 28.2% -1.56 1.16 5.36 7.17 12.65 10.77 12.33 8.36 Mar-01 Total Domestic Equity(NOF) -1.58 1.10 5.17 7.09 12.40 10.53 12.09 7.29 Mar-01 Russell 3000 -2.16 1.11 3.14 6.85 10.15 10.04 11.48 7.83 NOF Excess Return 0.57 -0.01 2.03 0.24 2.25 0.48 0.61 -0.54 Large Cap Equity(GOF) 3,527,402,014.09 25.5% 26.0% -1.96 0.91 5.66 6.96 13.02 11.14 12.47 8.49 Mar-01 Large Cap Equity(NOF) -1.97 0.86 5.49 6.89 12.80 10.92 12.26 7.46 Mar-01 Russell 1000 -2.41 0.92 3.83 6.83 10.87 10.63 11.79 7.82 NOF Excess Return 0.44 -0.06 1.66 0.05 1.93 0.30 0.47 -0.35 Large Cap Value(GOF) 1,250,477,006.08 9.0% 9.0% -0.81 0.37 -10.97 4.58 -5.20 2.95 7.09 8.29 Feb-04 Large Cap Value(NOF) -0.84 0.29 -11.18 4.48 -5.48 2.65 6.78 7.35 Feb-04 Russell 1000 Value -1.31 0.24 -12.74 4.21 -7.57 1.94 5.82 6.70 NOF Excess Return 0.48 0.05 1.55 0.27 2.09 0.71 0.96 0.65 MFS LC Val(GOF) 620,626,929.67 4.5% -- -1.77 0.37 -8.76 4.24 -3.01 3.81 7.53 8.59 Feb-04 MFS LC Val(NOF) -1.80 0.30 -8.98 4.13 -3.29 3.51 7.21 8.23 Feb-04 Russell 1000 Value -1.31 0.24 -12.74 4.21 -7.57 1.94 5.82 6.70 NOF Excess Return -0.48 0.06 3.76 -0.07 4.27 1.57 1.39 1.53 T Rowe Price LC Val(GOF) 629,850,076.41 4.6% -- 0.15 0.36 -13.19 4.95 -7.41 2.07 6.64 7.98 Sep-04 T Rowe Price LC Val(NOF) 0.13 0.28 -13.41 4.84 -7.68 1.77 6.33 7.64 Sep-04 Russell 1000 Value -1.31 0.24 -12.74 4.21 -7.57 1.94 5.82 6.85 NOF Excess Return 1.44 0.04 -0.67 0.64 -0.12 -0.16 0.51 0.79 Large Cap Growth(GOF) 1,265,169,014.43 9.1% 9.0% -3.09 2.79 25.03 10.36 34.47 19.66 18.03 11.50 Feb-04 Large Cap Growth(NOF) -3.11 2.72 24.74 10.25 34.09 19.31 17.67 10.89 Feb-04 Russell 1000 Growth -3.40 1.56 20.11 9.37 29.22 18.77 17.32 10.84 NOF Excess Return 0.28 1.16 4.63 0.88 4.87 0.54 0.35 0.05 Jennison Large Cap-SL(GOF) 633,680,065.44 4.6% -- -4.04 3.32 29.91 11.12 40.44 -- -- 28.75 Jan-19 Jennison Large Cap-SL(NOF) -4.06 3.26 29.64 11.03 40.09 -- -- 28.43 Jan-19 Russell 1000 Growth -3.40 1.56 20.11 9.37 29.22 -- -- 26.22 NOF Excess Return -0.66 1.70 9.53 1.66 10.88 -- -- 2.21 T Rowe LC Grw(GOF) 631,488,948.99 4.6% -- -2.12 2.14 19.83 9.45 28.29 18.28 18.50 16.67 Mar-10 T Rowe LC Grw(NOF) -2.15 2.06 19.52 9.34 27.88 17.91 18.12 16.29 Mar-10 Russell 1000 Growth -3.40 1.56 20.11 9.37 29.22 18.77 17.32 15.82 NOF Excess Return 1.25 0.50 -0.59 -0.04 -1.34 -0.86 0.80 0.46 Large Cap Core(GOF) 1,011,755,993.58 7.3% 8.0% -2.41 0.92 3.79 6.84 10.82 10.59 11.78 9.56 Aug-03 Large Cap Core(NOF) -2.41 0.70 3.55 6.60 10.57 10.50 11.72 8.16 Aug-03 Russell 1000 -2.41 0.92 3.83 6.83 10.87 10.63 11.79 9.52 NOF Excess Return 0.00 -0.22 -0.28 -0.23 -0.29 -0.12 -0.06 -1.35 Blackrock/Russell 1000(GOF) 1,011,755,993.58 7.3% -- -2.41 0.92 3.79 6.84 10.82 10.59 11.78 9.56 Aug-03 Blackrock/Russell 1000(NOF) -2.41 0.92 3.79 6.84 10.82 10.59 11.78 9.50 Aug-03 Russell 1000 -2.41 0.92 3.83 6.83 10.87 10.63 11.79 9.52 NOF Excess Return 0.00 0.00 -0.04 0.00 -0.04 -0.04 -0.01 -0.01 Small Cap Equity(GOF) 323,182,998.99 2.3% 2.2% 3.01 4.71 2.49 10.37 9.00 6.80 11.11 7.00 Nov-04 Small Cap Equity(NOF) 2.96 4.56 2.00 10.15 8.37 6.19 10.47 6.31 Nov-04 Russell 2000 2.09 4.24 -6.77 7.13 -0.14 2.19 7.27 7.17 NOF Excess Return 0.87 0.32 8.78 3.02 8.51 4.00 3.20 -0.86

(Time Weighted Returns)


The Northern Trust Company ¹ Alternative investments ITD is an Internal Rate of Return as of 09/30/2019; for all other investments, it is an annualized Time Weighted Return.



Inception Date



Small Cap Value(GOF) 159,755,062.18 1.2% 1.1% 4.20 4.57 -7.29 8.78 -1.76 1.97 9.33 8.22 Dec-04 Small Cap Value(NOF) 4.15 4.43 -7.72 8.58 -2.31 1.40 8.72 7.82 Dec-04 Russell 2000 Value 3.58 4.08 -18.74 6.22 -13.92 -4.05 3.71 5.16 NOF Excess Return 0.57 0.35 11.02 2.35 11.62 5.46 5.01 2.66 Earnest Partners SC Val(GOF) 159,755,062.18 1.2% -- 4.20 4.57 -7.29 8.78 -1.76 1.97 9.33 8.42 Nov-04 Earnest Partners SC Val(NOF) 4.15 4.43 -7.72 8.58 -2.31 1.40 8.72 7.74 Nov-04 Russell 2000 Value 3.58 4.08 -18.74 6.22 -13.92 -4.05 3.71 5.29 NOF Excess Return 0.57 0.35 11.02 2.35 11.62 5.46 5.01 2.46 Small Cap Growth(GOF) 163,427,936.81 1.2% 1.1% 1.88 4.89 12.47 11.79 20.05 11.66 12.83 6.01 Dec-04 Small Cap Growth(NOF) 1.83 4.73 11.92 11.57 19.34 11.00 12.16 5.44 Dec-04 Russell 2000 Growth 0.76 4.39 4.67 7.97 13.37 7.90 10.36 8.64 NOF Excess Return 1.07 0.35 7.25 3.59 5.97 3.10 1.79 -3.20 Emerald Sm. Cap Growth(GOF) 163,427,936.81 1.2% -- 1.88 4.89 12.47 11.79 20.05 11.66 -- 12.31 Nov-15 Emerald Sm. Cap Growth(NOF) 1.83 4.73 11.92 11.57 19.34 11.00 -- 11.65 Nov-15 Russell 2000 Growth 0.76 4.39 4.67 7.97 13.37 7.90 -- 9.74 NOF Excess Return 1.07 0.35 7.25 3.59 5.97 3.10 -- 1.90 Total International Equity(GOF) 2,709,329,524.41 19.6% 20.4% -2.43 0.12 -1.73 5.74 3.57 2.49 6.27 5.91 Jun-04 Total International Equity(NOF) -2.46 0.04 -1.98 5.63 3.24 2.17 5.94 4.89 Jun-04 MS AC WldxUS IMI Nt -2.22 -0.10 -7.31 4.43 -2.26 -0.25 4.36 5.51 NOF Excess Return -0.24 0.13 5.32 1.20 5.51 2.41 1.58 -0.62 Developed Market Equity(GOF) 1,692,751,188.38 12.2% 13.0% -4.02 -0.75 -3.50 3.12 1.14 2.62 5.47 5.75 Jun-04 Developed Market Equity(NOF) -4.04 -0.79 -3.65 3.06 0.95 2.41 5.26 4.80 Jun-04 MSCI World ex U.S. IMI ND Index -3.83 -1.19 -10.27 1.60 -5.93 -1.03 3.31 4.95 NOF Excess Return -0.21 0.41 6.63 1.47 6.88 3.44 1.95 -0.15 Blackrock/MSCI World(GOF) 413,425,159.74 3.0% -- -3.82 -1.14 -10.00 1.66 -5.59 -0.62 3.75 5.20 Sep-12 Blackrock/MSCI World(NOF) -3.82 -1.14 -10.00 1.66 -5.59 -0.62 3.75 5.19 Sep-12 MSCI World ex U.S. IMI ND Index -3.83 -1.19 -10.27 1.60 -5.93 -1.03 3.31 4.80 NOF Excess Return 0.01 0.06 0.28 0.06 0.34 0.41 0.44 0.39 MFS Dev Val(GOF) 639,335,193.59 4.6% -- -4.82 -1.59 2.16 3.20 6.64 6.32 7.95 10.42 Jul-12 MFS Dev Val(NOF) -4.85 -1.66 1.90 3.09 6.30 5.97 7.59 10.06 Jul-12 MSCI World ex U.S. IMI ND Index -3.83 -1.19 -10.27 1.60 -5.93 -1.03 3.31 5.47 NOF Excess Return -1.02 -0.47 12.17 1.49 12.24 6.99 4.28 4.59 Fidelity Institutional Dev Grw(GOF) 639,990,835.05 4.6% -- -3.61 -0.08 -3.85 3.72 1.12 1.64 4.54 5.53 Nov-04 Fidelity Institutional Dev Grw(NOF) -3.63 -0.15 -4.08 3.63 0.84 1.35 4.25 5.19 Nov-04 MSCI World ex U.S. IMI ND Index -3.83 -1.19 -10.27 1.60 -5.93 -1.03 3.31 4.43 NOF Excess Return 0.20 1.04 6.20 2.03 6.77 2.38 0.93 0.76 Emerging Market Equity(GOF) 765,108,186.99 5.5% 5.5% 1.75 1.28 2.10 12.14 9.37 1.70 8.31 7.14 Feb-05 Emerging Market Equity(NOF) 1.70 1.12 1.58 11.91 8.71 1.08 7.65 6.67 Feb-05 MSCI Emerging Markets IMI 1.80 2.57 0.49 11.77 7.64 1.47 7.36 6.62 NOF Excess Return -0.10 -1.45 1.10 0.14 1.07 -0.39 0.29 0.05 LA Capital EM(GOF) 384,783,124.00 2.8% -- 2.57 2.94 5.72 14.52 13.69 3.08 8.66 4.65 Sep-12 LA Capital EM(NOF) 2.52 2.77 5.15 14.27 12.96 2.41 7.96 3.98 Sep-12 MSCI Emerging Markets IMI 1.80 2.57 0.49 11.77 7.64 1.47 7.36 3.48 NOF Excess Return 0.71 0.20 4.66 2.50 5.32 0.94 0.59 0.50 Wellington EM(GOF) 380,325,062.99 2.7% -- 0.94 -0.30 -1.28 9.88 5.36 0.39 -- 7.08 Sep-16 Wellington EM(NOF) 0.89 -0.45 -1.75 9.67 4.76 -0.18 -- 6.47 Sep-16 MSCI Emerging Markets IMI 1.80 2.57 0.49 11.77 7.64 1.47 -- 6.90 NOF Excess Return -0.91 -3.02 -2.23 -2.10 -2.87 -1.65 -- -0.43 International Small Cap Equity(GOF) 251,470,149.04 1.8% 1.9% -3.53 -- -- -- -- -- -- -3.53 Sep-20 International Small Cap Equity(NOF) -3.58 -- -- -- -- -- -- -3.58 Sep-20 MSCI ACWI Small Cap ex US Net -2.65 -- -- -- -- -- -- -2.65 NOF Excess Return -0.92 -- -- -- -- -- -- -0.92 Alliance Bernstein Intl Sm Cap(GOF) 251,470,149.04 1.8% -- -3.53 -- -- -- -- -- -- -3.53 Sep-20 Alliance Bernstein Intl Sm Cap(NOF) -3.58 -- -- -- -- -- -- -3.58 Sep-20 MSCI ACWI Small Cap ex US Net -2.65 -- -- -- -- -- -- -2.65 NOF Excess Return -0.92 -- -- -- -- -- -- -0.92




Inception Date



Global Equity(GOF) 377,432,764.16 2.7% 2.9% -2.03 -- -- -- -- -- -- -2.03 Sep-20 Global Equity(NOF) -2.06 -- -- -- -- -- -- -2.06 Sep-20 MS AC Wld Idx IMI Nt -2.16 -- -- -- -- -- -- -2.16 NOF Excess Return 0.11 -- -- -- -- -- -- 0.11 Boston Partners Global Equity(GOF) 377,432,764.16 2.7% -- -2.03 -- -- -- -- -- -- -2.03 Sep-20 Boston Partners Global Equity(NOF) -2.06 -- -- -- -- -- -- -2.06 Sep-20 MS AC Wld Idx IMI Nt -2.16 -- -- -- -- -- -- -2.16 NOF Excess Return 0.11 -- -- -- -- -- -- 0.11 Total Fixed(GOF) 3,538,522,730.85 25.6% 25.5% -0.07 0.17 4.16 1.92 4.90 4.48 4.39 5.31 Mar-01 Total Fixed(NOF) -0.08 0.13 4.02 1.87 4.73 4.32 4.23 3.94 Mar-01 Total Fixed Income Index -0.04 -0.15 3.96 1.40 4.64 4.25 4.25 4.94 NOF Excess Return -0.04 0.28 0.07 0.47 0.09 0.06 -0.02 -1.01 Principal Protection(GOF) 1,802,324,962.38 13.0% 13.0% -0.47 0.19 5.13 0.53 5.19 4.09 3.14 3.16 Aug-15 Principal Protection(NOF) -0.48 0.17 5.04 0.49 5.08 3.98 3.03 3.05 Aug-15 BC US Intermediate Agg x Credit Bond -0.22 -0.30 4.75 -0.01 4.73 3.88 2.89 2.91 NOF Excess Return -0.26 0.46 0.29 0.50 0.35 0.11 0.14 0.14 JPM Principal Protection(GOF) 900,621,124.27 6.5% -- -0.86 0.14 5.19 0.44 5.13 4.11 3.16 3.17 Aug-15 JPM Principal Protection(NOF) -0.87 0.11 5.10 0.41 5.03 4.00 3.06 3.07 Aug-15 BC US Intermediate Agg x Credit Bond -0.22 -0.30 4.75 -0.01 4.73 3.88 2.89 2.91 NOF Excess Return -0.65 0.41 0.35 0.42 0.29 0.13 0.16 0.16 Wells Cap Principal Protection(GOF) 901,703,838.11 6.5% -- -0.09 0.18 5.00 0.54 5.18 4.06 3.12 3.13 Aug-15 Wells Cap Principal Protection(NOF) -0.10 0.16 4.91 0.51 5.06 3.94 3.00 3.01 Aug-15 BC US Intermediate Agg x Credit Bond -0.22 -0.30 4.75 -0.01 4.73 3.88 2.89 2.91 NOF Excess Return 0.13 0.45 0.16 0.51 0.33 0.07 0.10 0.10 Extended Credit(GOF) 1,554,884,848.36 11.2% 11.3% 0.38 0.04 3.59 3.29 4.99 5.07 6.03 6.01 Aug-15 Extended Credit(NOF) 0.36 -0.01 3.42 3.22 4.78 4.86 5.82 5.79 Aug-15 66% BC Credit/33%BC High Yield 0.14 -0.28 2.71 2.64 4.04 4.54 5.61 5.60 NOF Excess Return 0.22 0.26 0.71 0.58 0.74 0.32 0.21 0.20 Macquarie FI(GOF) 736,376,986.07 5.3% -- 0.30 0.01 3.91 3.00 5.11 4.80 5.55 5.47 Aug-15 Macquarie FI(NOF) 0.28 -0.03 3.76 2.94 4.93 4.62 5.37 5.29 Aug-15 66% BC Credit/33%BC High Yield 0.14 -0.28 2.71 2.64 4.04 4.54 5.61 5.60 NOF Excess Return 0.14 0.25 1.05 0.30 0.89 0.08 -0.23 -0.31 Neuberger GC FI(GOF) 818,507,862.29 5.9% -- 0.45 0.06 3.28 3.57 4.88 5.32 6.50 6.53 Aug-15 Neuberger GC FI(NOF) 0.43 0.00 3.08 3.49 4.64 5.08 6.25 6.29 Aug-15 66% BC Credit/33%BC High Yield 0.14 -0.28 2.71 2.64 4.04 4.54 5.61 5.60 NOF Excess Return 0.29 0.28 0.37 0.85 0.60 0.54 0.65 0.69 US Bank Loans(GOF) 181,312,920.11 1.3% 1.3% 0.15 1.51 0.02 3.62 1.24 3.13 4.52 4.39 Aug-15 US Bank Loans(NOF) 0.12 1.43 -0.24 3.51 0.92 2.80 4.18 4.06 Aug-15 Credit Suisse Leveraged Loan 0.17 2.38 -0.66 4.31 1.50 2.99 4.10 3.80 NOF Excess Return -0.06 -0.95 0.41 -0.79 -0.59 -0.19 0.09 0.26 Pacific Asset BL FL(GOF) 181,312,920.11 1.3% -- 0.15 1.51 0.02 3.62 1.24 3.13 4.52 4.39 Aug-15 Pacific Asset BL FL(NOF) 0.12 1.43 -0.24 3.51 0.92 2.80 4.18 4.06 Aug-15 Credit Suisse Leveraged Loan 0.17 2.38 -0.66 4.31 1.50 2.99 4.10 3.80 NOF Excess Return -0.06 -0.95 0.41 -0.79 -0.59 -0.19 0.09 0.26 Total Hedge Funds(NOF) 620,410,859.00 4.5% 5.0% 0.22 2.23 -3.83 4.17 -3.56 0.48 0.60 2.23 Feb-07 WPERP T-Bill+3% 1-Month Lag 0.26 0.78 3.29 1.04 4.13 4.74 4.23 -- NOF Excess Return -0.04 1.45 -7.12 3.12 -7.69 -4.26 -3.63 -- Blackstone Hope St.(GOF) 620,410,859.00 4.5% -- 0.22 2.23 -3.83 4.17 -3.56 0.43 -- 0.41 Sep-17 Blackstone Hope St.(NOF) 0.22 2.23 -3.83 4.17 -3.56 0.43 -- 0.41 Sep-17 WPERP T-Bill+3% 1-Month Lag 0.26 0.78 3.29 1.04 4.13 4.74 -- 4.72 NOF Excess Return -0.04 1.45 -7.12 3.12 -7.69 -4.31 -- -4.31




Inception Date



Total Real Estate(NOF) as of 06/30/2020 1,419,828,290.00 997,649,435.55 7.2% 7.0% -1.27 -3.26 0.66 0.66 5.98 7.54 7.26 Nov-06 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 7.18 NOF Excess Return -0.40 -3.22 -2.54 -2.54 0.02 0.25 0.08 AG Core Plus III(NOF) 2012 18,000,000.00 2,958,942.00 0.0% -- -4.39 -6.01 -5.65 -5.65 -4.64 15.12 19.92 Jan-12 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 9.27 NOF Excess Return -3.52 -5.97 -8.85 -8.85 -10.60 7.83 10.65 AG Europe III(NOF) 2020 60,000,000.00 7,923,075.00 0.1% -- -5.68 -- -5.68 -- -- -- -5.68 Mar-20 WPERP NCREIF (RT) + 50 bps -0.87 -- 3.20 -- -- -- -0.87 NOF Excess Return -4.81 -- -8.88 -- -- -- -4.81 Almanac VI(NOF) 2012 18,000,000.00 2,280,409.00 0.0% -- 0.57 -28.69 -24.23 -24.23 -8.05 5.85 9.56 Jun-12 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 9.06 NOF Excess Return 1.44 -28.65 -27.43 -27.43 -14.01 -1.44 0.50 Almanac VII(NOF) 2014 24,000,000.00 11,595,992.00 0.1% -- 5.93 1.48 13.28 13.28 14.44 12.85 13.33 Mar-15 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 7.59 NOF Excess Return 6.80 1.52 10.08 10.08 8.48 5.56 5.74 Almanac VIII(NOF) 2018 60,000,000.00 9,483,539.00 0.1% -- 0.35 -13.64 -20.43 -20.43 -- -- -25.40 Dec-18 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 -- -- 4.55 NOF Excess Return 1.22 -13.60 -23.63 -23.63 -- -- -29.95 BREP Europe IV(NOF) 2013 20,000,000.00 6,611,929.64 0.0% -- -2.80 -11.66 -6.86 -6.86 9.27 14.18 12.50 Dec-13 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 8.61 NOF Excess Return -1.93 -11.62 -10.06 -10.06 3.31 6.89 3.89 BREP VII(NOF) 2012 20,000,000.00 8,109,090.00 0.1% -- -7.91 -20.14 -16.40 -16.40 4.62 6.00 14.01 Jun-12 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 9.06 NOF Excess Return -7.04 -20.10 -19.60 -19.60 -1.34 -1.29 4.95 Bristol Value II(NOF) 2011 20,000,000.00 17,644,362.00 0.1% -- 0.41 0.65 8.78 8.78 8.83 8.24 8.81 Nov-12 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 9.25 NOF Excess Return 1.28 0.69 5.58 5.58 2.87 0.95 -0.44 Brookfield Premier(NOF) 2018 60,000,000.00 66,666,146.00 0.5% -- -1.40 0.52 4.90 4.90 -- -- 6.21 Sep-18 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 -- -- 4.77 NOF Excess Return -0.53 0.56 1.70 1.70 -- -- 1.44 DRA VII(NOF) 2011 13,000,000.00 1,994,717.00 0.0% -- -6.34 -6.07 32.33 32.33 33.59 27.96 21.10 Oct-11 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 9.36 NOF Excess Return -5.47 -6.03 29.13 29.13 27.63 20.67 11.74 DRA G&I VIII(NOF) 2014 20,000,000.00 10,168,301.00 0.1% -- -22.54 -21.22 -15.98 -15.98 2.91 6.75 6.98 Jun-14 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 8.31 NOF Excess Return -21.67 -21.18 -19.18 -19.18 -3.05 -0.54 -1.33 DRA G&I IX(NOF) 2017 50,000,000.00 43,206,182.00 0.3% -- -1.24 1.55 6.60 6.60 11.54 -- 12.03 Dec-16 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 -- 6.15 NOF Excess Return -0.37 1.59 3.40 3.40 5.58 -- 5.88 DRA G&I X(NOF) 2019 60,000,000.00 9,129,966.00 0.1% -- -1.19 -- 4.55 -- -- -- 4.55 Feb-20 WPERP NCREIF (RT) + 50 bps -0.87 -- 3.20 -- -- -- -0.04 NOF Excess Return -0.32 -- 1.35 -- -- -- 4.59 FPA Core Plus III(NOF) 2017 50,000,000.00 51,379,709.00 0.4% -- 1.01 2.01 7.89 7.89 7.77 -- 6.95 Dec-16 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 -- 6.15 NOF Excess Return 1.88 2.05 4.69 4.69 1.81 -- 0.80 Harrison Street Core(NOF) 2016 50,000,000.00 69,626,304.00 0.5% -- -0.08 1.46 5.71 5.71 6.73 -- 7.61 Dec-15 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 -- 6.67 NOF Excess Return 0.79 1.50 2.51 2.51 0.77 -- 0.94 Invesco Core Realty(NOF) 2011 30,000,000.00 62,038,165.30 0.4% -- -4.58 -3.19 0.57 0.57 4.65 6.28 8.47 Jun-11 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 9.39 NOF Excess Return -3.71 -3.15 -2.63 -2.63 -1.31 -1.01 -0.92 Jamestown Premier(NOF) 2016 50,000,000.00 42,581,475.00 0.3% -- -4.25 -4.86 -4.52 -4.52 5.45 -- 5.79 Jan-16 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 -- 6.80 NOF Excess Return -3.38 -4.82 -7.72 -7.72 -0.51 -- -1.01 JPM Strategic(NOF) 2007 50,000,000.00 88,396,405.37 0.6% -- -2.26 -0.97 1.25 1.25 4.11 6.19 4.75 Sep-07 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 6.33 NOF Excess Return -1.39 -0.93 -1.95 -1.95 -1.85 -1.10 -1.58




Inception Date



LaSalle Asia V(NOF) 2016 50,000,000.00 17,744,749.00 0.1% -- -0.45 -4.41 -2.84 -2.84 -- -- 5.74 Nov-17 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 -- -- 6.21 NOF Excess Return 0.42 -4.37 -6.04 -6.04 -- -- -0.47 Lone Star RE II(NOF) 2011 9,000,000.00 240,906.00 0.0% -- 1.72 -12.55 -4.48 -4.48 -2.77 9.65 25.07 May-11 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 9.76 NOF Excess Return 2.59 -12.51 -7.68 -7.68 -8.73 2.36 15.31 Lone Star RE IV(NOF) 2015 40,434,694.00 10,816,503.00 0.1% -- 4.22 -19.24 -19.05 -19.05 8.86 -- 12.74 Sep-15 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 -- 6.98 NOF Excess Return 5.09 -19.20 -22.25 -22.25 2.90 -- 5.76 Lone Star RE V(NOF) 2016 44,893,596.00 7,399,833.00 0.1% -- 5.23 -16.92 -14.61 -14.61 -- -- -13.47 Aug-17 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 -- -- 6.32 NOF Excess Return 6.10 -16.88 -17.81 -17.81 -- -- -19.79 Lone Star VII(NOF) 2011 9,000,000.00 62,624.00 0.0% -- -0.19 5.89 -30.84 -30.84 -40.34 -17.08 46.74 May-11 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 9.76 NOF Excess Return 0.68 5.93 -34.04 -34.04 -46.30 -24.37 36.98 Mesa West III(NOF) 2013 20,000,000.00 966,481.00 0.0% -- -1.83 -3.69 -1.84 -1.84 9.98 9.30 8.71 Aug-13 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 9.01 NOF Excess Return -0.96 -3.65 -5.04 -5.04 4.02 2.01 -0.30 Mesa West IV(NOF) 2016 50,000,000.00 30,352,933.00 0.2% -- 1.56 4.05 8.41 8.41 8.45 -- 8.10 Feb-17 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 7.23 -- 6.47 NOF Excess Return 2.43 4.09 5.21 5.21 1.22 -- 1.63 PRISA I(NOF) 2006 50,000,000.00 99,316,568.87 0.7% -- -1.31 0.10 2.54 2.54 5.63 7.08 4.75 Nov-06 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 7.18 NOF Excess Return -0.44 0.14 -0.66 -0.66 -0.33 -0.21 -2.43 PRISA II(NOF) 2007 21,500,000.00 44,883,846.39 0.3% -- -2.71 -1.71 1.53 1.53 5.43 7.59 5.74 May-07 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 6.81 NOF Excess Return -1.84 -1.67 -1.67 -1.67 -0.53 0.30 -1.07 Prologis USLH(NOF) 2015 40,000,000.00 63,305,590.00 0.5% -- -1.78 0.49 9.46 9.46 15.09 16.45 15.21 Mar-15 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 7.59 NOF Excess Return -0.91 0.53 6.26 6.26 9.13 9.16 7.62 Torchlight IV(NOF) 2013 20,000,000.00 3,331,751.00 0.0% -- 0.67 -4.07 -4.38 -4.38 8.76 9.38 9.77 Aug-13 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 9.01 NOF Excess Return 1.54 -4.03 -7.58 -7.58 2.80 2.09 0.76 Torchlight V(NOF) 2015 24,000,000.00 6,601,192.00 0.0% -- -0.25 -4.17 3.37 3.37 9.58 10.53 10.53 May-15 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 7.85 NOF Excess Return 0.62 -4.13 0.17 0.17 3.62 3.24 2.68 Torchlight VI(NOF) 2018 60,000,000.00 59,507,575.00 0.4% -- -0.04 -4.40 -2.56 -2.56 -- -- -1.31 Jan-18 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 -- -- 5.82 NOF Excess Return 0.83 -4.36 -5.76 -5.76 -- -- -7.13 Torchlight VII(NOF) 2020 60,000,000.00 5,964,316.00 0.0% -- -0.59 -- -0.59 -- -- -- -0.59 May-20 WPERP NCREIF (RT) + 50 bps -0.87 -- 3.20 -- -- -- -0.87 NOF Excess Return 0.28 -- -3.79 -- -- -- 0.28 USAA Eagle(NOF) 2018 60,000,000.00 59,032,774.00 0.4% -- -5.77 -5.42 -4.43 -4.43 -- -- -1.71 Sep-18 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 -- -- 4.77 NOF Excess Return -4.90 -5.38 -7.63 -7.63 -- -- -6.48 Westbrook X(NOF) 2016 50,000,000.00 28,545,923.00 0.2% -- 0.59 -2.54 5.88 5.88 10.55 -- 10.26 Jul-16 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 -- 6.42 NOF Excess Return 1.46 -2.50 2.68 2.68 4.59 -- 3.84 Dimensional Global REIT(NOF) as of 10/31/2020 2013 20,000,000.00 24,470,238.79 0.2% -- -3.63 -4.87 -18.83 -1.75 -19.28 0.81 2.60 3.97 Mar-13 FTSE EPRA/NAREIT DEV INDEX -3.29 -3.78 -21.75 -1.04 -22.18 -1.47 1.16 2.68 NOF Excess Return -0.34 -1.09 2.92 -0.71 2.91 2.28 1.44 1.28 Heitman REIT(NOF) as of 10/31/2020 2013 20,000,000.00 23,310,922.19 0.2% -- -3.27 -4.32 -18.95 -1.05 -19.12 -0.02 1.57 3.23 Oct-13 FTSE EPRA/NAREIT DEV INDEX -3.29 -3.78 -21.75 -1.04 -22.18 -1.47 1.16 2.69 NOF Excess Return 0.02 -0.54 2.80 -0.01 3.07 1.45 0.40 0.55




Inception Date



Total Real Return(GOF) as of 10/31/2020 684,676,890.10 4.9% 5.0% -0.34 -0.69 3.83 2.74 4.16 3.35 3.98 2.83 Jan-07 Total Real Return(NOF) -0.36 -0.75 3.61 2.65 3.90 3.07 3.70 2.68 Jan-07 WPERP CPI+1% (1-Month Lag) 0.29 1.75 3.25 2.57 4.40 4.85 4.89 4.90 NOF Excess Return -0.65 -2.50 0.36 0.08 -0.50 -1.78 -1.19 -2.22 Hancock XII(NOF) 2013 20,000,000.00 12,015,878.00 0.1% -- -0.75 -1.26 9.15 9.15 3.06 3.42 3.14 Mar-14 NCREIF Timberland 1Q Lag 0.11 0.07 1.29 1.29 2.56 2.84 4.20 NOF Excess Return -0.86 -1.33 7.86 7.86 0.50 0.58 -1.06 Molpus IV - SL(NOF) 2015 20,000,000.00 16,645,518.00 0.1% -- -0.04 -0.41 -0.27 -0.27 0.02 -- 0.69 Aug-15 NCREIF Timberland 1Q Lag 0.11 0.07 1.29 1.29 2.56 -- 2.94 NOF Excess Return -0.15 -0.48 -1.56 -1.56 -2.54 -- -2.25 Invesco CMDTY(GOF) 208,890,129.37 1.5% 1.5% -0.67 2.17 -7.82 9.40 -5.08 -3.01 -0.07 -4.66 Aug-13 Invesco CMDTY(NOF) 1.5% -0.72 2.00 -8.32 9.16 -5.70 -3.63 -0.72 -5.27 Aug-13 Bloombg Futures Commod. TR USD 1.41 4.64 -10.85 10.61 -8.75 -4.41 -2.73 -7.23 NOF Excess Return -2.13 -2.64 2.52 -1.45 3.04 0.77 2.01 1.96 Wamco GILS(GOF) 359,621.13 0.0% -- -0.06 -4.84 3.85 -2.21 3.35 4.32 4.51 4.18 Apr-10 Wamco GILS(NOF) -- -0.08 -4.88 3.70 -2.27 3.17 4.14 4.32 3.99 Apr-10 BC WGILB Index 0.05 -0.53 7.95 1.33 6.95 5.99 5.66 4.82 NOF Excess Return -0.13 -4.35 -4.25 -3.60 -3.78 -1.85 -1.34 -0.83 Blackrock TIPS(GOF) 446,765,743.60 3.2% 3.5% -0.22 -- -- -- -- -- -- -0.22 Sep-20 Blackrock TIPS(NOF) 3.5% -0.22 -- -- -- -- -- -- -0.22 Sep-20 BB Barc USTreasury TIPS 0-5 Y -0.22 -- -- -- -- -- -- -0.22 NOF Excess Return 0.01 -- -- -- -- -- -- 0.01 Total Private Equity(NOF) as of 06/30/2020 1,952,700,000.00 865,302,211.00 6.3% 5.0% 7.97 -2.00 2.57 2.57 9.97 9.38 9.54 May-06 WPERP Russell 3000 + 3% 22.88 -2.02 9.72 9.72 13.32 13.31 15.03 NOF Excess Return -14.91 0.02 -7.15 -7.15 -3.35 -3.93 -5.49 Adams Street SMB I(NOF) 2017 125,000,000.00 73,285,931.00 0.5% -- 7.55 3.79 12.16 12.16 8.23 -- 7.81 Jan-17 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 -- 14.22 NOF Excess Return -15.33 5.81 2.44 2.44 -5.09 -- -6.41 Adams Street SMB II(NOF) 2020 125,000,000.00 2,000,000.00 0.0% -- -- -- -- -- -- -- -- Sep-20 WPERP Russell 3000+3% -- -- -- -- -- -- -- NOF Excess Return -- -- -- -- -- -- -- Audax Mezz III(NOF) 2011 17,000,000.00 2,654,334.00 0.0% -- -0.18 -5.26 10.36 10.36 8.68 11.12 9.52 Jan-11 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 13.31 18.40 NOF Excess Return -23.06 -3.24 0.64 0.64 -4.64 -2.19 -8.88 Apollo VIII(NOF) 2014 34,000,000.00 25,825,292.00 0.2% -- 9.52 -11.00 0.30 0.30 5.59 9.09 8.28 Jan-14 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 13.31 13.81 NOF Excess Return -13.36 -8.98 -9.42 -9.42 -7.73 -4.22 -5.53 Apollo IX(NOF) 2018 54,200,000.00 12,998,439.00 0.1% -- 5.42 5.71 4.01 4.01 -- -- -8.38 Dec-18 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 -- -- 20.41 NOF Excess Return -17.46 7.73 -5.71 -5.71 -- -- -28.79 ARES IV(NOF) 2012 25,000,000.00 16,513,369.00 0.1% -- 25.49 18.28 22.43 22.43 10.74 14.62 13.96 Nov-12 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 13.31 16.02 NOF Excess Return 2.61 20.30 12.71 12.71 -2.58 1.31 -2.06 ARES V(NOF) 2017 60,000,000.00 41,518,281.00 0.3% -- -13.48 -22.31 -19.03 -19.03 -7.39 -- -7.86 May-17 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 -- 13.36 NOF Excess Return -36.36 -20.29 -28.75 -28.75 -20.71 -- -21.22 ARES Special Situation IV(NOF) 2015 50,000,000.00 45,030,283.00 0.3% -- 8.35 -3.10 1.56 1.56 3.88 -1.21 -1.68 Jan-15 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 14.55 13.47 NOF Excess Return -14.53 -1.08 -8.16 -8.16 -9.44 -15.76 -15.15 Blackstone Tactical Opps(NOF) 2015 50,000,000.00 29,729,670.00 0.2% -- 7.58 -8.50 -4.20 -4.20 6.96 9.28 8.85 Apr-15 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 13.31 12.89 NOF Excess Return -15.30 -6.48 -13.92 -13.92 -6.36 -4.03 -4.04 Capital Dynamics HRJ SO-II(NOF) 2008 20,000,000.00 3,102,444.00 0.0% -- -0.40 -9.24 -7.94 -7.94 -0.47 -2.70 6.56 Feb-08 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 13.31 13.78 NOF Excess Return -23.28 -7.22 -17.66 -17.66 -13.79 -16.01 -7.22




Inception Date



CDR IX(NOF) 2014 25,000,000.00 19,242,779.00 0.1% -- 13.11 3.27 15.45 15.45 14.93 19.51 17.98 Apr-14 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 13.31 13.35 NOF Excess Return -9.77 5.29 5.73 5.73 1.61 6.20 4.63 CDR X(NOF) 2017 54,000,000.00 32,091,709.00 0.2% -- 2.80 3.97 19.51 19.51 -- -- 18.75 Mar-18 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 -- -- 11.53 NOF Excess Return -20.08 5.99 9.79 9.79 -- -- 7.22 Crestview Partners III(NOF) 2013 50,000,000.00 27,071,133.00 0.2% -- 2.24 -5.51 -3.48 -3.48 12.66 9.99 8.89 Feb-15 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 14.55 12.45 NOF Excess Return -20.64 -3.49 -13.20 -13.20 -0.66 -4.56 -3.56 Crestview Partners IV(NOF) 2020 63,000,000.00 3,117,437.00 0.0% -- -- -- -- -- -- -- -- Sep-20 WPERP Russell 3000+3% -- -- -- -- -- -- -- NOF Excess Return -- -- -- -- -- -- -- EnCap VIII(NOF) 2011 12,500,000.00 2,425,539.00 0.0% -- 15.28 -26.34 -48.40 -48.40 -24.00 -18.39 -10.49 Jan-11 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 13.31 18.40 NOF Excess Return -7.60 -24.32 -58.12 -58.12 -37.32 -31.70 -28.89 EnCap IX(NOF) 2013 17,000,000.00 4,540,749.00 0.0% -- 9.86 -45.99 -55.82 -55.82 -19.46 1.29 0.25 Jan-13 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 13.31 15.33 NOF Excess Return -13.02 -43.97 -65.54 -65.54 -32.78 -12.02 -15.08 EnCAP X(NOF) 2015 37,000,000.00 23,311,984.00 0.2% -- 9.25 -29.46 -29.65 -29.65 -7.96 -3.93 -4.11 Feb-15 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 14.55 12.45 NOF Excess Return -13.63 -27.44 -39.37 -39.37 -21.28 -18.48 -16.56 Encap XI(NOF) 2017 50,000,000.00 9,213,792.00 0.1% -- -1.50 -26.32 -40.17 -40.17 -34.30 -- -34.30 Jun-17 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 -- 13.32 NOF Excess Return -24.38 -24.30 -49.89 -49.89 -47.62 -- -47.62 Fisher Lynch II(NOF) 2008 20,000,000.00 11,298,878.00 0.1% -- 19.67 15.93 13.25 13.25 6.72 2.78 9.37 Mar-08 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 13.31 13.58 NOF Excess Return -3.21 17.95 3.53 3.53 -6.60 -10.53 -4.21 Genstar IX(NOF) 2019 44,000,000.00 16,936,006.00 0.1% -- 14.36 7.74 15.72 15.72 -- -- 15.63 Jun-19 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 -- -- 9.72 NOF Excess Return -8.52 9.76 6.00 6.00 -- -- 5.91 Genstar IX Opps.(NOF) 2019 22,000,000.00 13,350,357.00 0.1% -- 8.93 4.90 6.94 6.11 -- -- 11.27 Jun-19 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 -- -- 9.72 NOF Excess Return 8.93 4.90 -2.78 -3.61 -- -- 1.55 Green Equity Investors VIII(NOF) 2020 88,000,000.00 1,926,608.00 0.0% -- -- -- -- -- -- -- -- Sep-20 WPERP Russell 3000+3% -- -- -- -- -- -- -- NOF Excess Return -- -- -- -- -- -- -- Harvest VII(NOF) 2016 30,000,000.00 32,945,268.00 0.2% -- 20.46 4.91 8.22 8.22 10.17 -- 7.74 Aug-16 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 -- 14.76 NOF Excess Return -2.42 6.93 -1.50 -1.50 -3.15 -- -7.02 Harvest VIII(NOF) 2019 85,000,000.00 33,369,732.00 0.2% -- -0.25 -1.19 -3.92 -- -- -- -2.52 Oct-19 WPERP Russell 3000+3% 22.88 -2.02 9.72 -- -- -- 5.14 NOF Excess Return -23.13 0.83 -13.64 -- -- -- -7.66 Industry Ventures VIII(NOF) 2016 37,500,000.00 37,194,990.00 0.3% -- 12.50 8.61 28.70 28.70 44.22 -- 44.56 Feb-17 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 -- 13.27 NOF Excess Return -10.38 10.63 18.98 18.98 30.90 -- 31.29 Industry Ven SP Opp III-A(NOF) 2019 22,500,000.00 2,132,174.00 0.0% -- 4.27 -4.35 2.97 2.97 -- -- 61.08 Apr-19 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 -- -- 8.82 NOF Excess Return -18.61 -2.33 -6.75 -6.75 -- -- 52.26




Inception Date



Landmark XIV(NOF) 2008 30,000,000.00 4,221,259.00 0.0% -- -13.71 -13.83 -8.04 -8.04 -2.25 -2.74 8.83 Aug-08 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 13.31 14.31 NOF Excess Return -36.59 -11.81 -17.76 -17.76 -15.57 -16.05 -5.48 Landmark XIII(NOF) 2006 30,000,000.00 253,249.00 0.0% -- 16.32 5.19 13.28 13.28 8.37 4.32 5.43 Oct-06 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 13.31 14.79 NOF Excess Return -6.56 7.21 3.56 3.56 -4.95 -8.99 -9.36 Landmark XV(NOF) 2014 40,000,000.00 14,875,972.00 0.1% -- -15.34 -15.87 -6.78 -6.78 5.93 6.66 9.36 Feb-14 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 13.31 13.11 NOF Excess Return -38.22 -13.85 -16.50 -16.50 -7.39 -6.65 -3.75 Lexington VI(NOF) 2006 30,000,000.00 1,742,165.00 0.0% -- -3.81 -9.63 -5.30 -5.30 6.13 2.62 6.86 May-06 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 13.31 15.03 NOF Excess Return -26.69 -7.61 -15.02 -15.02 -7.19 -10.69 -8.17 Lexington VII(NOF) 2009 30,000,000.00 5,683,603.00 0.0% -- 0.79 -6.28 -1.59 -1.59 6.19 6.18 13.60 Aug-09 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 13.31 18.45 NOF Excess Return -22.09 -4.26 -11.31 -11.31 -7.13 -7.13 -4.85 Lexington IX(NOF) 2020 75,000,000.00 12,801,549.00 0.1% -- 2.02 -10.54 71.38 -- -- -- 71.38 Nov-19 WPERP Russell 3000+3% 22.88 -2.02 9.72 -- -- -- 1.05 NOF Excess Return -20.86 -8.52 61.66 -- -- -- 70.33 Oaktree V(NOF) 2009 16,000,000.00 158,427.00 0.0% -- -0.81 -27.02 -36.28 -36.28 -6.25 -7.37 1.43 Jan-09 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 13.31 15.47 NOF Excess Return -23.69 -25.00 -46.00 -46.00 -19.57 -20.68 -14.04 Platinum Equity Fund V(NOF) 2020 88,000,000.00 10,479,041.00 0.1% -- 26.74 -4.48 -40.34 -- -- -- -5.68 Dec-19 WPERP Russell 3000+3% 22.88 -2.02 9.72 -- -- -- -2.02 NOF Excess Return 3.86 -2.46 -50.06 -- -- -- -3.66 Providence Strategic Growth IV(NOF) 2020 88,000,000.00 14,755,450.00 0.1% -- -2.80 -- -17.99 -- -- -- -17.99 Feb-20 WPERP Russell 3000+3% 22.88 -- 9.72 -- -- -- 6.28 NOF Excess Return -25.68 -- -27.71 -- -- -- -24.27 Searchlight Capital III(NOF) 2020 88,000,000.00 25,801,625.00 0.2% -- 12.84 -- -11.20 -- -- -- -11.20 Jan-20 WPERP Russell 3000+3% 22.88 -- 9.72 -- -- -- -2.16 NOF Excess Return -10.04 -- -20.92 -- -- -- -9.04 Silver Lake IV(NOF) 2013 18,000,000.00 22,821,270.00 0.2% -- 7.94 3.94 8.15 8.15 19.81 20.22 23.59 Sep-13 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 13.31 14.37 NOF Excess Return -14.94 5.96 -1.57 -1.57 6.49 6.91 9.22 Silver Lake V(NOF) 2018 58,000,000.00 52,355,558.00 0.4% -- 7.76 3.01 12.07 12.07 -- -- 11.86 Jun-18 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 -- -- 10.97 NOF Excess Return -15.12 5.03 2.35 2.35 -- -- 0.89 Vista IV(NOF) 2011 25,000,000.00 15,782,536.00 0.1% -- 9.18 -4.75 -11.74 -11.74 1.74 11.27 15.87 Sep-11 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 13.31 17.53 NOF Excess Return -13.70 -2.73 -21.46 -21.46 -11.58 -2.04 -1.66 Vista V(NOF) 2014 50,000,000.00 54,007,194.00 0.4% -- 9.07 2.80 1.20 1.20 31.04 22.67 20.77 Apr-14 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 13.31 13.35 NOF Excess Return -13.81 4.82 -8.52 -8.52 17.72 9.36 7.42 Vista VI(NOF) 2016 60,000,000.00 78,472,634.00 0.6% -- 22.10 13.70 21.38 21.38 22.81 -- 19.36 May-16 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 -- 15.22 NOF Excess Return -0.78 15.72 11.66 11.66 9.49 -- 4.14 Vista VII(NOF) 2018 75,000,000.00 25,513,501.00 0.2% -- 7.44 3.57 3.02 3.02 -- -- 0.20 Aug-18 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 -- -- 7.71 NOF Excess Return -15.44 5.59 -6.70 -6.70 -- -- -7.51 Cash(GOF) 187,918,209.29 1.4% 1.0% 0.02 0.05 0.62 0.08 0.92 1.99 1.71 1.82 Mar-01 Cash(NOF) 0.02 0.05 0.62 0.08 0.92 1.99 1.71 1.45 ICE BofAML US 3-Month Treasury Bill 0.01 0.03 0.65 0.05 0.92 1.66 1.20 1.46 NOF Excess Return 0.00 0.02 -0.03 0.03 0.01 0.33 0.51 -0.01 RP Transition 2020-08(GOF) 141,629.36 0.0% -- 0.02 -- -- -- -- -- -- -3.30 Aug-20 RP Transition 2020-08(NOF) 0.02 -- -- -- -- -- -- -3.30


SCHEDULE OF RELATIVE RETURN - NET OF MANAGEMENT FEES

Portfolio Return YTD 1 Year 3 Year 5 Year 10 YearWPERP - Retirement Fund Total (GOF) 2.56 6.39 6.31 7.66 8.07WPERP - Retirement Fund Total (NOF) 2.38 6.16 6.08 7.44 7.82Less: Estimated Management Fees 0.18 0.23 0.23 0.22 0.25WPERP Retirement Fund Index 2.46 6.18 6.39 7.62 7.97ICE Bofa 3 Months US T-BILL 0.65 0.92 1.66 1.20 0.64Total Fixed Income Index 3.96 4.64 4.25 4.25 3.77MS AC WldxUS IMI Nt -7.31 -2.26 -0.25 4.36 3.58Russell 3000 3.14 10.15 10.04 11.48 12.80WPERP NCREIF + 50bps (1Q Lag) 1.64 3.20 5.96 7.29 10.10WPERP T-Bill+3% 1-Month Lag 3.29 4.13 4.74 4.23 3.65WPERP Russell 3000+3%(1Q Lag) 14.04 14.24 14.71 14.19 18.65WPERP CPI+1% (1-Month Lag) 3.25 4.40 4.85 4.89 4.83Relative Return - Net of Fees -0.08 -0.02 -0.31 -0.18 -0.15

Footnote :1. Total Fixed Income Index is comprised of BC US Universal from Inception to 08/31/15, then the following components from 09/1/15-4/30/20 : BC US Intermediate Agg x Credit 51.92%, BC Global Agg Credit USD Hdg 28.85%, BC Global High Yield USD Hdg 14.42 %, and Credit Suisse Lev. Loan 4.81%, then the followingcomponents from 4/30/20 - Present: BC US Intermediate Agg x Credit 50%, BC Global High Yield USD Hdg 15 %, Credit Suisse Lev. Loan 5%, BC Global Agg Credit USD Hdg 30%



Asset Allocation

28.20%

20.40%

2.90%

25.50%

5.00%

7.00%

5.00%5.00% 1.00%

Policy Weight and Equivalent Market Value

Total Domestic Equity 3,900.6M ; 28.20%

Total International Equity 2,821.7M ;20.40%

Global Equity 401.1M ; 2.90%

Total Fixed 3,527.2M ; 25.50%

Total Hedge Funds 691.6M ; 5.00%

Total Real Estate 968.2M ; 7.00%

Total Private Equity 691.6M ; 5.00%

Total Real Return 691.6M ; 5.00%

Cash 138.3M ; 1.00%

-0.36%

-0.81%

-0.17%

0.08%

-0.51%

0.21%

1.26%

-0.05%

0.36%

Total Domestic Equity -50.0M

Total International Equity -112.4M

Global Equity -23.7M

Total Fixed 11.4M

Total Hedge Funds -71.2M

Total Real Estate 29.4M

Total Private Equity 173.7M

Total Real Return -6.9M

Cash 49.6M

Gap to Policy in Percent Weight and Market Value



Plan Level Attribution - 1 Month

AccountName

BenchmarkName

AccountEnd Weight

BenchmarkEnd Weight

ActiveWeight

AccountRoR

BenchmarkRoR

ExcessRoR

Asset Allocation

SelectionEffect

TotalEffect

Attribution Residual

WPERP - Retirement Fund Total WPERP Retirement Fund Index 100.00 100.00 0.00 (0.98) (0.81) (0.17) 0.07 (0.25) (0.17) 0.00Total Equity -- 50.15 -- -- (1.93) -- -- 0.01 0.13 0.14 --Total Domestic Equity Russell 3000 27.84 28.20 (0.36) (1.56) (2.16) 0.59 (0.00) 0.17 0.17 --Total International Equity MS AC WldxUS IMI Nt 19.59 23.30 (3.71) (2.43) (2.22) (0.21) 0.05 (0.04) 0.00 --Total Fixed Total Fixed Income Index 25.58 25.50 0.08 (0.07) (0.04) (0.03) (0.00) (0.01) (0.01) --Total Alternatives -- 22.90 -- -- 0.09 -- -- 0.07 (0.37) (0.30) --Total Real Estate WPERP NCREIF + 50bps (1Q Lag) 7.21 7.00 0.21 0.05 0.00 0.05 0.00 0.00 0.00 --Total Private Equity WPERP Russell 3000+3%(1Q Lag) 6.26 5.00 1.26 0.39 5.93 (5.53) 0.07 (0.34) (0.26) --Total Real Return WPERP CPI+1% (1-Month Lag) 4.95 5.00 (0.05) (0.34) 0.29 (0.63) (0.00) (0.03) (0.03) --Total Hedge Funds WPERP T-Bill+3% 1-Month Lag 4.49 5.00 (0.51) 0.22 0.26 (0.04) (0.01) (0.00) (0.01) --Cash ICE Bofa 3 Months US T-BILL 1.36 1.00 0.36 0.02 0.01 0.00 (0.00) 0.00 (0.00) --Transition Accounts -- 0.00 -- -- 0.02 -- -- 0.00 0.00 0.00 --

0.00

0.00

(0.36)

(3.71)

0.00

0.08

0.00

0.21

1.26

(0.05)

(0.51)

0.36

(4.0) (2.0) 0.0 2.0

ACTIVE WEIGHT (%)

WPERP -Retirement FundTotal

Total Equity

Total DomesticEquity

Total InternationalEquity

Global Equity

Total Fixed

Total Alternatives

Total Real Estate

Total Private Equity

(0.17)

0.00

0.59

(0.21)

0.00

(0.03)

0.00

0.05

(0.63)

(0.04)

0.00

(5.0) 0.0 5.0

EXCESS RETURN (%)

(0.25)

0.13

0.17

(0.04)

0.00

(0.01)

(0.37)

0.00

(0.34)

(0.03)

(0.00)

0.00

(0.4) (0.2) 0.0 0.2

STOCK SELECTION (%)

0.07

0.01

(0.00)

0.05

(0.03)

(0.00)

0.07

0.00

0.07

(0.00)

(0.01)

(0.00)

(0.1) 0.0 0.1 0.1

ASSET ALLOCATION (%)

(0.17)

0.14

0.17

0.00

(0.03)

(0.01)

(0.30)

0.00

(0.26)

(0.03)

(0.01)

(0.00)

(0.4) (0.2) 0.0 0.2

TOTAL EFFECT (%)





Inception Date

WPERP - Health Fund Total(GOF) 2,414,331,871.34 100.0% 100.0% -1.00 0.98 2.64 4.74 6.50 6.46 7.77 6.54 Dec-06WPERP - Health Fund Total(NOF) -1.02 0.93 2.48 4.67 6.30 6.25 7.56 6.37 Dec-06WPERP Health Fund Index -0.81 1.16 2.46 5.07 6.18 6.39 7.62 6.11NOF Excess Return -0.21 -0.23 0.02 -0.40 0.11 -0.14 -0.06 0.26 WPERP - Health Fund ex Sec Len(GOF) 2,414,331,871.34 100.0% -- -1.00 0.97 2.61 4.73 6.47 6.43 7.73 6.51 Dec-06 WPERP - Health Fund ex Sec Len(NOF) -1.02 0.92 2.45 4.66 6.27 6.22 7.52 6.42 Dec-06 WPERP Health Fund Index -0.82 1.15 2.45 5.06 6.17 6.39 7.62 6.11 NOF Excess Return -0.20 -0.23 0.00 -0.40 0.09 -0.17 -0.10 0.31 Total Equity(GOF) 1,210,801,972.25 50.2% 51.5% -1.96 0.87 3.08 6.76 9.67 7.94 10.24 6.76 Dec-06 Total Equity(NOF) -1.98 0.80 2.87 6.66 9.39 7.67 9.98 6.55 Dec-06 S&P 500 -2.66 0.37 2.77 6.03 9.71 10.42 11.71 8.47 NOF Excess Return 0.68 0.43 0.10 0.63 -0.32 -2.75 -1.73 -1.92 Total Domestic Equity(GOF) 672,963,511.60 27.9% 28.2% -1.58 1.15 5.49 7.18 12.78 10.86 12.36 8.95 Dec-06 Total Domestic Equity(NOF) -1.60 1.10 5.30 7.10 12.54 10.62 12.13 8.76 Dec-06 Russell 3000 -2.16 1.11 3.14 6.85 10.15 10.04 11.48 8.45 NOF Excess Return 0.56 -0.01 2.17 0.25 2.39 0.58 0.64 0.31 Large Cap Equity(GOF) 615,017,588.50 25.5% 26.0% -1.99 0.84 5.69 6.89 13.04 11.17 12.46 9.03 Dec-06 Large Cap Equity(NOF) -2.01 0.79 5.53 6.82 12.83 10.96 12.26 8.95 Dec-06 Russell 1000 -2.41 0.92 3.83 6.83 10.87 10.63 11.79 8.61 NOF Excess Return 0.40 -0.13 1.70 -0.01 1.97 0.33 0.48 0.34 Large Cap Value(GOF) 217,479,451.34 9.0% 9.0% -0.83 0.39 -10.94 4.60 -5.17 2.98 7.10 10.73 Aug-09 Large Cap Value(NOF) -0.85 0.32 -11.15 4.50 -5.45 2.68 6.79 10.42 Aug-09 Russell 1000 Value -1.31 0.24 -12.74 4.21 -7.57 1.94 5.82 9.94 NOF Excess Return 0.46 0.08 1.58 0.29 2.12 0.74 0.96 0.48 MFS LC Val(GOF) 109,437,464.74 4.5% -- -1.77 0.41 -8.72 4.27 -2.97 3.86 7.55 10.76 Sep-09 MFS LC Val(NOF) -1.80 0.33 -8.94 4.17 -3.25 3.56 7.23 10.41 Sep-09 Russell 1000 Value -1.31 0.24 -12.74 4.21 -7.57 1.94 5.82 9.64 NOF Excess Return -0.48 0.09 3.80 -0.03 4.32 1.62 1.41 0.77 T Rowe Price LC Val(GOF) 108,041,986.60 4.5% -- 0.15 0.35 -13.21 4.92 -7.43 2.06 6.63 10.48 Sep-09 T Rowe Price LC Val(NOF) 0.12 0.27 -13.42 4.81 -7.70 1.77 6.32 10.15 Sep-09 Russell 1000 Value -1.31 0.24 -12.74 4.21 -7.57 1.94 5.82 9.64 NOF Excess Return 1.44 0.03 -0.68 0.61 -0.14 -0.17 0.50 0.50 Large Cap Growth(GOF) 219,045,459.49 9.1% 9.0% -3.09 2.75 24.91 10.31 34.34 19.63 18.01 16.75 Aug-09 Large Cap Growth(NOF) -3.11 2.67 24.61 10.21 33.96 19.27 17.65 16.41 Aug-09 Russell 1000 Growth -3.40 1.56 20.11 9.37 29.22 18.77 17.32 16.63 NOF Excess Return 0.29 1.11 4.51 0.83 4.74 0.51 0.33 -0.23 Jennison Large Cap-SL(GOF) 109,155,767.74 4.5% -- -4.04 3.31 29.88 11.12 40.40 -- -- 28.73 Jan-19 Jennison Large Cap-SL(NOF) -4.06 3.25 29.61 11.02 40.05 -- -- 28.39 Jan-19 Russell 1000 Growth -3.40 1.56 20.11 9.37 29.22 -- -- 26.22 NOF Excess Return -0.66 1.69 9.50 1.65 10.83 -- -- 2.17 T Rowe LC Grw(GOF) 109,889,691.75 4.6% -- -2.12 2.15 20.02 9.48 28.50 18.36 18.53 16.68 Mar-10 T Rowe LC Grw(NOF) -2.15 2.07 19.71 9.36 28.09 17.99 18.15 16.30 Mar-10 Russell 1000 Growth -3.40 1.56 20.11 9.37 29.22 18.77 17.32 15.82 NOF Excess Return 1.25 0.51 -0.40 -0.01 -1.12 -0.78 0.83 0.48 Large Cap Core(GOF) 178,492,677.67 7.4% 8.0% -2.41 0.92 3.80 6.84 10.84 10.60 11.79 8.69 Dec-06 Large Cap Core(NOF) -2.41 0.92 3.80 6.84 10.84 10.60 11.79 8.65 Dec-06 Russell 1000 -2.41 0.92 3.83 6.83 10.87 10.63 11.79 8.61 NOF Excess Return 0.00 0.00 -0.03 0.00 -0.03 -0.03 0.00 0.04 Blackrock/Russell 1000(GOF) 178,492,677.67 7.4% -- -2.41 0.92 3.80 6.84 10.84 10.60 11.79 8.69 Dec-06 Blackrock/Russell 1000(NOF) -2.41 0.92 3.80 6.84 10.84 10.60 11.79 8.65 Dec-06 Russell 1000 -2.41 0.92 3.83 6.83 10.87 10.63 11.79 8.61 NOF Excess Return 0.00 0.00 -0.03 0.00 -0.03 -0.03 0.00 0.04


N O R T H E R N T R U S T WPERP - Health Fund | 31 October 2020




Inception Date



Small Cap Equity(GOF) 57,945,923.10 2.4% 2.2% 3.13 4.74 2.43 10.38 8.94 6.86 11.18 12.33 Aug-09 Small Cap Equity(NOF) 3.08 4.59 1.94 10.17 8.31 6.25 10.54 11.61 Aug-09 Russell 2000 2.09 4.24 -6.77 7.13 -0.14 2.19 7.27 10.77 NOF Excess Return 0.98 0.35 8.71 3.04 8.45 4.06 3.27 0.85 Small Cap Value(GOF) 30,000,159.62 1.2% 1.1% 4.20 4.55 -7.31 8.76 -1.79 1.97 9.33 12.26 Aug-09 Small Cap Value(NOF) 4.15 4.41 -7.74 8.55 -2.33 1.41 8.72 11.67 Aug-09 Russell 2000 Value 3.58 4.08 -18.74 6.22 -13.92 -4.05 3.71 8.21 NOF Excess Return 0.57 0.33 10.99 2.33 11.59 5.46 5.02 3.45 Earnest Partners SC Val(GOF) 30,000,159.62 1.2% -- 4.20 4.55 -7.31 8.76 -1.79 1.97 9.33 12.16 Sep-09 Earnest Partners SC Val(NOF) 4.15 4.41 -7.74 8.55 -2.33 1.41 8.72 11.51 Sep-09 Russell 2000 Value 3.58 4.08 -18.74 6.22 -13.92 -4.05 3.71 7.80 NOF Excess Return 0.57 0.33 10.99 2.33 11.59 5.46 5.02 3.71 Small Cap Growth(GOF) 27,945,763.48 1.2% 1.1% 2.00 5.01 12.58 11.91 20.20 11.89 13.01 12.35 Aug-09 Small Cap Growth(NOF) 1.95 4.85 12.02 11.69 19.48 11.23 12.33 11.50 Aug-09 Russell 2000 Growth 0.76 4.39 4.67 7.97 13.37 7.90 10.36 13.08 NOF Excess Return 1.19 0.47 7.35 3.72 6.12 3.33 1.96 -1.58 Emerald Sm. Cap Growth(GOF) 27,945,763.48 1.2% -- 2.00 5.01 12.58 11.91 20.20 11.89 -- 12.48 Nov-15 Emerald Sm. Cap Growth(NOF) 1.95 4.85 12.02 11.69 19.48 11.23 -- 11.81 Nov-15 Russell 2000 Growth 0.76 4.39 4.67 7.97 13.37 7.90 -- 9.74 NOF Excess Return 1.19 0.47 7.35 3.72 6.12 3.33 -- 2.07 Total International Equity(GOF) 473,796,063.50 19.6% 20.4% -2.49 0.04 -1.80 5.65 3.49 2.48 6.25 5.44 Aug-09 Total International Equity(NOF) -2.52 -0.04 -2.05 5.53 3.17 2.16 5.92 5.14 Aug-09 MS AC WldxUS IMI Nt -2.22 -0.10 -7.31 4.43 -2.26 -0.25 4.36 4.76 NOF Excess Return -0.30 0.05 5.26 1.10 5.43 2.40 1.56 0.38 Developed Market Equity(GOF) 299,452,681.27 12.4% 13.0% -4.11 -0.88 -3.60 3.00 1.02 2.58 5.46 5.84 Aug-09 Developed Market Equity(NOF) -4.13 -0.93 -3.77 2.92 0.81 2.37 5.24 5.61 Aug-09 MSCI World ex U.S. IMI ND Index -3.83 -1.19 -10.27 1.60 -5.93 -1.03 3.31 4.63 NOF Excess Return -0.30 0.26 6.50 1.32 6.75 3.40 1.92 0.98 Blackrock/MSCI World(GOF) 78,008,620.53 3.2% -- -3.82 -1.14 -10.00 1.66 -5.59 -0.62 3.75 5.23 Sep-12 Blackrock/MSCI World(NOF) -3.82 -1.14 -10.00 1.66 -5.59 -0.62 3.75 5.22 Sep-12 MSCI World ex U.S. IMI ND Index -3.83 -1.19 -10.27 1.60 -5.93 -1.03 3.31 4.80 NOF Excess Return 0.01 0.06 0.28 0.06 0.34 0.41 0.44 0.42 MFS Dev Val(GOF) 111,007,789.94 4.6% -- -4.82 -1.59 2.18 3.20 6.65 6.33 7.95 10.42 Jul-12 MFS Dev Val(NOF) -4.85 -1.66 1.91 3.09 6.31 5.98 7.59 10.06 Jul-12 MSCI World ex U.S. IMI ND Index -3.83 -1.19 -10.27 1.60 -5.93 -1.03 3.31 5.47 NOF Excess Return -1.02 -0.47 12.18 1.49 12.24 7.01 4.28 4.59 Fidelity Institutional Dev Grw(GOF) 110,436,270.80 4.6% -- -3.60 -0.08 -3.81 3.75 1.16 1.65 4.56 5.70 Sep-09 Fidelity Institutional Dev Grw(NOF) -3.63 -0.15 -4.04 3.65 0.88 1.37 4.27 5.39 Sep-09 MSCI World ex U.S. IMI ND Index -3.83 -1.19 -10.27 1.60 -5.93 -1.03 3.31 4.27 NOF Excess Return 0.20 1.05 6.24 2.06 6.81 2.39 0.95 1.12 Emerging Market Equity(GOF) 131,679,005.46 5.5% 5.5% 1.79 1.29 2.15 12.15 9.45 1.73 8.31 4.26 Jan-12 Emerging Market Equity(NOF) 1.74 1.14 1.63 11.92 8.79 1.11 7.65 3.67 Jan-12 MSCI Emerging Markets IMI 1.80 2.57 0.49 11.77 7.64 1.47 7.36 3.34 NOF Excess Return -0.06 -1.43 1.15 0.16 1.15 -0.36 0.29 0.34 LA Capital EM(GOF) 66,198,927.00 2.7% -- 2.64 3.01 5.80 14.60 13.77 3.10 8.66 4.65 Sep-12 LA Capital EM(NOF) 2.58 2.85 5.23 14.35 13.04 2.44 7.96 3.98 Sep-12 MSCI Emerging Markets IMI 1.80 2.57 0.49 11.77 7.64 1.47 7.36 3.48 NOF Excess Return 0.78 0.28 4.74 2.59 5.40 0.97 0.60 0.50 Wellington EM(GOF) 65,480,078.46 2.7% -- 0.95 -0.33 -1.24 9.85 5.46 0.43 -- 7.08 Sep-16 Wellington EM(NOF) 0.90 -0.48 -1.71 9.64 4.86 -0.14 -- 6.47 Sep-16 MSCI Emerging Markets IMI 1.80 2.57 0.49 11.77 7.64 1.47 -- 6.90 NOF Excess Return -0.90 -3.05 -2.19 -2.13 -2.78 -1.61 -- -0.43 International Small Cap Equity(GOF) 42,664,376.77 1.8% 1.9% -3.56 -- -- -- -- -- -- -3.56 Sep-20 International Small Cap Equity(NOF) -3.60 -- -- -- -- -- -- -3.60 Sep-20 MSCI ACWI Small Cap ex US Net -2.65 -- -- -- -- -- -- -2.65 NOF Excess Return -0.95 -- -- -- -- -- -- -0.95




Inception Date



Alliance Bernstein Intl Sm Cap(GOF) 42,664,376.77 1.8% -- -3.56 -- -- -- -- -- -- -3.56 Sep-20 Alliance Bernstein Intl Sm Cap(NOF) -3.60 -- -- -- -- -- -- -3.60 Sep-20 MSCI ACWI Small Cap ex US Net -2.65 -- -- -- -- -- -- -2.65 NOF Excess Return -0.95 -- -- -- -- -- -- -0.95 Global Equity(GOF) 64,042,397.15 2.7% 2.9% -2.02 -- -- -- -- -- -- -2.02 Sep-20 Global Equity(NOF) -2.05 -- -- -- -- -- -- -2.05 Sep-20 MS AC Wld Idx IMI Nt -2.16 -- -- -- -- -- -- -2.16 NOF Excess Return 0.11 -- -- -- -- -- -- 0.11 Boston Partners Global Equity(GOF) 64,042,397.15 2.7% -- -2.02 -- -- -- -- -- -- -2.02 Sep-20 Boston Partners Global Equity(NOF) -2.05 -- -- -- -- -- -- -2.05 Sep-20 MS AC Wld Idx IMI Nt -2.16 -- -- -- -- -- -- -2.16 NOF Excess Return 0.01 0.06 0.28 0.06 0.34 0.41 0.44 0.42 Total Fixed(GOF) 612,559,732.73 25.4% 25.5% -0.06 0.18 4.23 1.90 4.96 4.50 4.39 5.46 Dec-06 Total Fixed(NOF) -0.08 0.14 4.09 1.84 4.80 4.34 4.22 5.34 Dec-06 Total Fixed Income Index -0.04 -0.15 3.96 1.40 4.64 4.25 4.25 4.61 NOF Excess Return -0.04 0.29 0.14 0.44 0.16 0.09 -0.02 0.72 Principal Protection(GOF) 311,631,544.17 12.9% 13.0% -0.48 0.18 5.13 0.52 5.18 4.10 3.15 3.15 Aug-15 Principal Protection(NOF) -0.49 0.15 5.04 0.48 5.07 3.99 3.04 3.04 Aug-15 BC US Intermediate Agg x Credit Bond -0.22 -0.30 4.75 -0.01 4.73 3.88 2.89 2.91 NOF Excess Return -0.27 0.45 0.29 0.49 0.34 0.11 0.14 0.14 JPM Principal Protection(GOF) 155,399,940.65 6.4% -- -0.88 0.13 5.21 0.45 5.15 4.12 3.17 3.17 Aug-15 JPM Principal Protection(NOF) -0.89 0.11 5.12 0.42 5.04 4.01 3.06 3.07 Aug-15 BC US Intermediate Agg x Credit Bond -0.22 -0.30 4.75 -0.01 4.73 3.88 2.89 2.91 NOF Excess Return -0.66 0.40 0.37 0.43 0.31 0.14 0.17 0.16 Wells Cap Principal Protection(GOF) 156,231,603.52 6.5% -- -0.09 0.15 4.97 0.52 5.15 4.05 3.11 3.12 Aug-15 Wells Cap Principal Protection(NOF) -0.10 0.12 4.88 0.48 5.03 3.94 2.99 3.00 Aug-15 BC US Intermediate Agg x Credit Bond -0.22 -0.30 4.75 -0.01 4.73 3.88 2.89 2.91 NOF Excess Return 0.13 0.41 0.13 0.49 0.30 0.06 0.10 0.10 Extended Credit(GOF) 270,316,965.32 11.2% 11.3% 0.41 0.08 3.69 3.29 5.10 5.12 6.08 6.06 Aug-15 Extended Credit(NOF) 0.39 0.02 3.51 3.22 4.88 4.91 5.87 5.85 Aug-15 66% BC Credit/33%BC High Yield 0.14 -0.28 2.71 2.64 4.04 4.54 5.61 5.60 NOF Excess Return 0.25 0.30 0.80 0.58 0.84 0.37 0.26 0.25 Macquarie FI(GOF) 123,696,280.85 5.1% -- 0.29 0.04 3.83 2.99 5.07 4.82 5.60 5.51 Aug-15 Macquarie FI(NOF) 0.28 0.00 3.68 2.94 4.89 4.64 5.42 5.33 Aug-15 66% BC Credit/33%BC High Yield 0.14 -0.28 2.71 2.64 4.04 4.54 5.61 5.60 NOF Excess Return 0.14 0.28 0.97 0.29 0.85 0.10 -0.19 -0.26 Neuberger GC FI(GOF) 146,620,684.47 6.1% -- 0.50 0.16 3.61 3.63 5.18 5.44 6.56 6.61 Aug-15 Neuberger GC FI(NOF) 0.48 0.10 3.41 3.55 4.94 5.20 6.32 6.36 Aug-15 66% BC Credit/33%BC High Yield 0.14 -0.28 2.71 2.64 4.04 4.54 5.61 5.60 NOF Excess Return 0.34 0.38 0.70 0.91 0.90 0.66 0.71 0.77 US Bank Loans(GOF) 30,611,223.24 1.3% 1.3% 0.11 1.49 0.11 3.60 1.44 3.06 4.51 4.36 Aug-15 US Bank Loans(NOF) 0.08 1.41 -0.16 3.49 1.12 2.74 4.18 4.02 Aug-15 Credit Suisse Leveraged Loan 0.17 2.38 -0.66 4.31 1.50 2.99 4.10 3.80 NOF Excess Return -0.09 -0.97 0.49 -0.81 -0.38 -0.26 0.08 0.23 Pacific Asset BL FL(GOF) 30,611,223.24 1.3% -- 0.11 1.49 0.11 3.60 1.44 3.06 4.51 4.36 Aug-15 Pacific Asset BL FL(NOF) 0.08 1.41 -0.16 3.49 1.12 2.74 4.18 4.02 Aug-15 Credit Suisse Leveraged Loan 0.17 2.38 -0.66 4.31 1.50 2.99 4.10 3.80 NOF Excess Return -0.09 -0.97 0.49 -0.81 -0.38 -0.26 0.08 0.23 Total Hedge Funds(NOF) 108,924,129.00 4.5% 5.0% 0.20 2.21 -3.85 4.15 -3.58 0.48 0.60 2.41 Aug-10 WPERP T-Bill+3% 1-Month Lag 0.26 0.78 3.29 1.04 4.13 4.74 4.23 3.64 NOF Excess Return -0.06 1.43 -7.14 3.10 -7.71 -4.26 -3.63 -1.23 Blackstone Hope St.(NOF) 108,924,129.00 0.20 2.21 -3.85 4.15 -3.58 0.42 -- 0.41 Sep-17 WPERP T-Bill+3% 1-Month Lag 0.26 0.78 3.29 1.04 4.13 4.74 -- 4.72 NOF Excess Return -0.06 1.43 -7.14 3.10 -7.71 -4.31 -- -4.31




Inception Date



Total Real Estate(NOF) as of 06/30/2020 284,109,338.00 169,967,504.94 7.0% 7.0% -1.04 -4.25 0.17 0.17 6.50 7.89 9.06 Jan-10 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 10.10 NOF Excess Return -0.17 -4.21 -3.03 -3.03 0.54 0.60 -1.04 AG Core Plus III(NOF) 2012 2,000,000.00 328,773.00 0.0% -- -4.39 -6.00 -5.65 -5.65 -4.64 15.12 19.92 Jan-12 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 9.27 NOF Excess Return -3.52 -5.96 -8.85 -8.85 -10.60 7.83 10.65 AG Europe III(NOF) 2020 15,000,000.00 1,980,769.00 0.1% -- -5.68 -- -5.68 -- -- -- -5.68 Mar-20 WPERP NCREIF (RT) + 50 bps -0.87 -- 3.20 -- -- -- -0.87 NOF Excess Return -4.81 -- -8.88 -- -- -- -4.81 Almanac VI(NOF) 2012 2,000,000.00 253,388.00 0.0% -- 0.57 -28.69 -24.23 -24.23 -8.05 5.85 9.56 Jun-12 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 9.06 NOF Excess Return 1.44 -28.65 -27.43 -27.43 -14.01 -1.44 0.50 Almanac VII(NOF) 2014 6,000,000.00 2,898,982.00 0.1% -- 5.93 1.48 13.28 13.28 14.44 14.22 13.33 Mar-15 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 7.59 NOF Excess Return 6.80 1.52 10.08 10.08 8.48 6.93 5.74 Almanac VIII(NOF) 2018 15,000,000.00 2,371,109.00 0.1% -- 0.35 -13.64 -20.43 -20.43 -- -- -25.40 Dec-18 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 -- -- 4.55 NOF Excess Return 1.22 -13.60 -23.63 -23.63 -- -- -29.95 BREP Europe IV(NOF) 2013 5,000,000.00 1,652,991.89 0.1% -- -2.80 -11.66 -6.86 -6.86 9.27 14.18 12.50 Dec-13 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 8.61 NOF Excess Return -1.93 -11.62 -10.06 -10.06 3.31 6.89 3.89 BREP VII(NOF) 2012 5,000,000.00 2,027,282.00 0.1% -- -7.91 -20.14 -16.40 -16.40 4.62 6.00 14.01 Jun-12 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 9.06 NOF Excess Return -7.04 -20.10 -19.60 -19.60 -1.34 -1.29 4.95 Bristol Value II(NOF) 2011 5,000,000.00 4,411,107.00 0.2% -- 0.41 0.65 8.78 8.78 8.83 8.24 8.81 Nov-12 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 9.25 NOF Excess Return 1.28 0.69 5.58 5.58 2.87 0.95 -0.44 Brookfield Premier(NOF) 2018 15,000,000.00 16,666,537.00 0.7% -- -1.40 0.52 4.90 4.90 -- -- 6.21 Sep-18 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 -- -- 4.77 NOF Excess Return -0.53 0.56 1.70 1.70 -- -- 1.44 DRA VII(NOF) 2011 3,100,000.00 475,663.00 0.0% -- -6.34 -6.07 32.33 32.33 33.59 27.96 21.10 Oct-11 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 9.36 NOF Excess Return -5.47 -6.03 29.13 29.13 27.63 20.67 11.74 DRA G&I VIII(NOF) 2014 5,000,000.00 2,542,074.00 0.1% -- -22.54 -21.22 -15.99 -15.99 2.91 6.75 6.98 Jun-14 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 8.31 NOF Excess Return -21.67 -21.18 -19.19 -19.19 -3.05 -0.54 -1.33 DRA G&I IX(NOF) 2017 10,000,000.00 8,641,237.00 0.4% -- -1.24 1.55 6.60 6.60 11.54 -- 12.03 Dec-16 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 -- 6.15 NOF Excess Return -0.37 1.59 3.40 3.40 5.58 -- 5.88 DRA G&I X(NOF) 2019 15,000,000.00 2,282,492.00 0.1% -- -1.19 -- 5.76 -- -- -- 4.55 Feb-20 WPERP NCREIF (RT) + 50 bps -0.87 -- 3.20 -- -- -- -0.04 NOF Excess Return -0.32 -- 2.56 -- -- -- 4.59 FPA Core Plus III(NOF) 2017 10,000,000.00 10,275,943.00 0.4% -- 1.01 2.01 7.89 7.89 7.77 -- 6.95 Dec-16 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 -- 6.15 NOF Excess Return 1.88 2.05 4.69 4.69 1.81 -- 0.80 Harrison Street Core(NOF) 2016 10,000,000.00 13,925,263.00 0.6% -- -0.08 1.46 5.71 5.71 6.73 -- 7.61 Dec-15 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 -- 6.67 NOF Excess Return 0.79 1.50 2.51 2.51 0.77 -- 0.94 Invesco Core Realty(NOF) 2011 5,000,000.00 10,338,769.37 0.4% -- -4.58 -3.19 0.57 0.57 4.65 6.28 8.47 Jun-11 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 9.39 NOF Excess Return -3.71 -3.15 -2.63 -2.63 -1.31 -1.01 -0.92 Jamestown Premier(NOF) 2016 10,000,000.00 8,516,295.00 0.4% -- -4.25 -4.86 -0.29 -4.52 5.45 -- 5.79 Jan-16 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 -- 6.80 NOF Excess Return -3.38 -4.82 -3.49 -7.72 -0.51 -- -1.01




Inception Date



LaSalle Asia V(NOF) 2016 10,000,000.00 3,548,949.00 0.1% -- -0.45 -4.41 -2.84 -2.84 -- -- 5.74 Nov-17 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 -- -- 6.21 NOF Excess Return 0.42 -4.37 -6.04 -6.04 -- -- -0.47 Lone Star RE II(NOF) 2011 1,000,000.00 26,771.00 0.0% -- 1.72 -12.55 -4.48 -4.48 -2.77 9.65 25.07 May-11 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 9.76 NOF Excess Return 2.59 -12.51 -7.68 -7.68 -8.73 2.36 15.31 Lone Star RE IV(NOF) 2015 8,086,939.00 2,163,298.00 0.1% -- 4.22 -19.24 -19.05 -19.05 8.86 -- 12.74 Sep-15 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 -- 6.98 NOF Excess Return 5.09 -19.20 -22.25 -22.25 2.90 -- 5.76 Lone Star RE V(NOF) 2016 7,922,399.00 1,305,850.00 0.1% -- 5.23 -16.92 -14.61 -14.61 -- -- -13.47 Aug-17 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 -- -- 6.32 NOF Excess Return 6.10 -16.88 -17.81 -17.81 -- -- -19.79 Lone Star VII(NOF) 2011 1,000,000.00 6,958.00 0.0% -- -0.20 5.89 -30.83 -30.83 -40.34 -17.08 46.67 May-11 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 9.76 NOF Excess Return 0.67 5.93 -34.03 -34.03 -46.30 -24.37 36.91 Mesa West III(NOF) 2013 5,000,000.00 241,620.00 0.0% -- -1.83 -3.69 -1.84 -1.84 9.98 9.30 8.71 Aug-13 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 9.01 NOF Excess Return -0.96 -3.65 -5.04 -5.04 4.02 2.01 -0.30 Mesa West IV(NOF) 2016 10,000,000.00 6,070,460.00 0.3% -- 1.56 4.05 8.41 8.41 8.04 -- 8.10 Feb-17 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 -- 6.47 NOF Excess Return 2.43 4.09 5.21 5.21 2.08 -- 1.63 Prologis USLH(NOF) 2015 10,000,000.00 15,826,890.00 0.7% -- -1.78 0.50 9.46 9.46 15.09 16.82 15.21 Mar-15 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 7.59 NOF Excess Return -0.91 0.54 6.26 6.26 9.13 9.53 7.62 Torchlight IV(NOF) 2013 5,000,000.00 832,942.00 0.0% -- 0.67 -4.07 -4.37 -4.37 8.76 9.38 9.77 Aug-13 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 9.01 NOF Excess Return 1.54 -4.03 -7.57 -7.57 2.80 2.09 0.76 Torchlight V(NOF) 2015 6,000,000.00 1,650,286.00 0.1% -- -0.25 -4.17 3.37 3.37 9.58 10.53 10.53 May-15 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 7.29 7.85 NOF Excess Return 0.62 -4.13 0.17 0.17 3.62 3.24 2.68 Torchlight VI(NOF) 2018 15,000,000.00 14,852,020.00 0.6% -- -0.04 -4.53 -2.71 -2.71 -- -- -1.74 Jan-18 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 -- -- 5.82 NOF Excess Return 0.83 -4.49 -5.91 -5.91 -- -- -7.56 Torchlight VII(NOF) 2020 15,000,000.00 1,491,079.00 0.1% -- -0.59 -- -0.59 -- -- -- -0.59 May-20 WPERP NCREIF (RT) + 50 bps -0.87 -- 3.20 -- -- -- -0.87 NOF Excess Return 0.28 -- -3.79 -- -- -- 0.28 USAA Eagle(NOF) 2018 15,000,000.00 14,758,193.00 0.6% -- -5.77 -5.42 -4.43 -4.43 -- -- -1.71 Sep-18 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 -- -- 4.77 NOF Excess Return -4.90 -5.38 -7.63 -7.63 -- -- -6.48 Westbrook X(NOF) 2016 10,000,000.00 5,709,183.00 0.2% -- 0.59 -2.54 5.88 5.88 10.55 -- 10.26 Jul-16 WPERP NCREIF (RT) + 50 bps -0.87 -0.04 3.20 3.20 5.96 -- 6.42 NOF Excess Return 1.46 -2.50 2.68 2.68 4.59 -- 3.84 Dimensional Global REIT(NOF) as of 10/31/2020 2013 5,000,000.00 6,127,559.13 0.3% -- -3.63 -4.87 -18.83 -1.75 -19.28 0.81 2.60 3.97 Mar-13 FTSE EPRA/NAREIT DEV INDEX -3.29 -3.78 -21.75 -1.04 -22.18 -1.47 1.16 2.68 NOF Excess Return -0.34 -1.09 2.92 -0.71 2.91 2.28 1.44 1.28 Heitman REIT(NOF) as of 10/31/2020 2013 5,000,000.00 5,766,771.55 0.2% -- -3.29 -4.35 -19.04 -1.10 -19.22 -0.17 1.44 3.12 Oct-13 FTSE EPRA/NAREIT DEV INDEX -3.29 -3.78 -21.75 -1.04 -22.18 -1.47 1.16 2.69 NOF Excess Return 0.00 -0.57 2.71 -0.06 2.96 1.30 0.27 0.43 Total Real Return(GOF) as of 10/31/2020 115,897,265.10 4.8% 5.0% -0.38 -0.82 3.76 2.49 4.02 3.26 3.86 3.33 Mar-10 Total Real Return(NOF) -0.40 -0.87 3.55 2.41 3.76 3.00 3.59 3.14 Mar-10 WPERP CPI+1% (1-Month Lag) 0.29 1.75 3.25 2.57 4.40 4.85 4.89 4.80 NOF Excess Return -0.69 -2.62 0.30 -0.17 -0.64 -1.85 -1.30 -1.66 Hancock XII(NOF) 2013 5,000,000.00 3,003,968.00 0.1% -- -0.75 -1.26 9.15 9.15 3.06 3.42 3.14 Mar-14 NCREIF Timberland 1Q Lag 0.11 0.07 1.29 1.29 2.56 2.84 4.20 NOF Excess Return -0.86 -1.33 7.86 7.86 0.50 0.58 -1.06




Inception Date



Molpus IV - SL(NOF) 2015 5,000,000.00 4,161,380.00 0.2% -- -0.04 -0.41 -0.27 -0.27 0.02 -- 0.69 Aug-15 NCREIF Timberland 1Q Lag 0.11 0.07 1.29 1.29 2.56 -- 2.94 NOF Excess Return -0.15 -0.48 -1.56 -1.56 -2.54 -- -2.25 Invesco CMDTY(GOF) -- -- 34,750,719.75 1.4% 1.5% -0.82 1.89 -8.24 9.12 -5.81 -3.13 -0.28 -4.84 Aug-13 Invesco CMDTY(NOF) -- -- -0.87 1.73 -8.74 8.88 -6.43 -3.75 -0.93 -5.44 Aug-13 Bloombg Futures Commod. TR USD 1.41 4.64 -10.85 10.61 -8.75 -4.41 -2.73 -7.23 NOF Excess Return -2.28 -2.91 2.11 -1.73 2.32 0.66 1.80 1.79 Wamco GILS(GOF) -- -- 28,039.63 0.0% -- -0.91 -5.91 2.62 -3.31 2.16 3.85 4.21 4.05 Apr-10 Wamco GILS(NOF) -- -- -0.93 -5.95 2.47 -3.37 1.98 3.66 4.02 3.86 Apr-10 BC WGILB Index 0.05 -0.53 7.95 1.33 6.95 5.99 5.66 4.82 NOF Excess Return -0.98 -5.42 -5.48 -4.70 -4.97 -2.33 -1.63 -0.96 Blackrock TIPS(GOF) -- -- 73,953,157.72 3.1% 3.5% -0.22 -- -- -- -- -- -- -0.22 Sep-20 Blackrock TIPS(NOF) -- -- -0.22 -- -- -- -- -- -- -0.22 Sep-20 BB Barc USTreasury TIPS 0-5 Y -0.22 -- -- -- -- -- -- -0.22 NOF Excess Return 0.01 -- -- -- -- -- -- 0.01 Total Private Equity(NOF) as of 06/30/2020 339,900,000.00 162,255,797.00 6.7% 5.0% 7.90 -2.02 2.72 2.72 10.45 10.33 10.80 Aug-09 WPERP Russell 3000 + 3% 22.88 -2.02 9.72 9.72 13.32 13.31 18.45 NOF Excess Return -14.98 0.00 -7.00 -7.00 -2.87 -2.98 -7.65 Adams Street SMB I(NOF) 2017 25,000,000.00 14,657,187.00 0.6% -- 7.55 3.79 12.16 12.16 8.23 -- 7.81 Jan-17 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 -- 14.22 NOF Excess Return -15.33 5.81 2.44 2.44 -5.09 -- -6.41 Adams Street SMB II(NOF) 2020 25,000,000.00 950,000.00 0.0% -- -- -- -- -- -- -- -- Sep-20 WPERP Russell 3000+3% -- -- -- -- -- -- -- NOF Excess Return -- -- -- -- -- -- -- Apollo VIII(NOF) 2014 6,000,000.00 4,557,405.00 0.2% -- 9.52 -11.00 0.30 0.30 5.59 9.09 8.28 Jan-14 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 13.31 13.81 NOF Excess Return -13.36 -8.98 -9.42 -9.42 -7.73 -4.22 -5.53 Apollo IX(NOF) 2018 10,900,000.00 2,614,077.00 0.1% -- 5.42 5.71 4.01 4.01 -- -- -8.38 Dec-18 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 -- -- 20.41 NOF Excess Return -17.46 7.73 -5.71 -5.71 -- -- -28.79 ARES IV(NOF) 2012 5,000,000.00 3,302,668.00 0.1% -- 25.49 18.28 22.43 22.43 10.74 14.62 13.96 Nov-12 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 13.31 16.02 NOF Excess Return 2.61 20.30 12.71 12.71 -2.58 1.31 -2.06 ARES V(NOF) 2017 12,000,000.00 8,303,657.00 0.3% -- -13.48 -22.31 -19.03 -19.03 -7.39 -- -7.86 May-17 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 -- 13.36 NOF Excess Return -36.36 -20.29 -28.75 -28.75 -20.71 -- -21.22 ARES Special Situation IV(NOF) 2015 10,000,000.00 9,006,057.00 0.4% -- 8.35 -3.10 1.56 1.56 3.88 -1.21 -1.68 Jan-15 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 13.31 13.47 NOF Excess Return -14.53 -1.08 -8.16 -8.16 -9.44 -14.52 -15.15 Audax Mezz III(NOF) 2011 3,000,000.00 468,410.00 0.0% -- -0.18 -5.26 10.36 10.36 8.68 11.12 9.52 Jan-11 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 13.31 18.40 NOF Excess Return -23.06 -3.24 0.64 0.64 -4.64 -2.19 -8.88 Blackstone Tactical Opps(NOF) 2015 10,000,000.00 5,945,704.00 0.2% -- 7.58 -8.50 -4.21 -4.21 6.96 9.28 8.85 Apr-15 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 13.31 12.89 NOF Excess Return -15.30 -6.48 -13.93 -13.93 -6.36 -4.03 -4.04 CDR IX(NOF) 2014 5,000,000.00 3,848,525.00 0.2% -- 13.11 3.27 15.45 15.45 14.93 19.51 17.98 Apr-14 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 13.31 13.35 NOF Excess Return -9.77 5.29 5.73 5.73 1.61 6.20 4.63 CDR X(NOF) 2017 11,000,000.00 6,537,179.00 0.3% -- 2.80 3.97 19.50 19.50 -- -- 18.75 Mar-18 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 -- -- 11.53 NOF Excess Return -20.08 5.99 9.78 9.78 -- -- 7.22 Crestview Partners III(NOF) 2013 10,000,000.00 5,414,222.00 0.2% -- 2.24 -5.51 -3.48 -3.48 12.66 11.22 8.89 Feb-15 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 13.31 12.45 NOF Excess Return -20.64 -3.49 -13.20 -13.20 -0.66 -2.09 -3.56 Crestview IV(NOF) 2020 12,000,000.00 593,797.00 0.0% -- -- -- -- -- -- -- -- Sep-20 WPERP Russell 3000+3% -- -- -- -- -- -- -- NOF Excess Return -- -- -- -- -- -- --




Inception Date



EnCAP X(NOF) 2015 7,000,000.00 4,410,375.00 0.2% -- 9.25 -29.46 -29.65 -29.65 -7.96 8.38 -4.11 Feb-15 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 13.31 12.45 NOF Excess Return -13.63 -27.44 -39.37 -39.37 -21.28 -4.93 -16.56 EnCAP IX(NOF) 2013 3,000,000.00 801,309.00 0.0% -- 9.86 -45.99 -55.82 -55.82 -19.46 1.29 0.25 Jan-13 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 13.31 15.33 NOF Excess Return -13.02 -43.97 -65.54 -65.54 -32.78 -12.02 -15.08 EnCap VIII(NOF) 2011 2,500,000.00 485,108.00 0.0% -- 15.28 -26.34 -48.40 -48.40 -23.99 -18.38 -10.49 Jan-11 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 13.31 18.40 NOF Excess Return -7.60 -24.32 -58.12 -58.12 -37.31 -31.69 -28.89 Encap XI(NOF) 2017 10,000,000.00 1,842,758.00 0.1% -- -1.50 -26.32 -40.17 -40.17 -34.31 -- -34.31 Jun-17 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 -- 13.32 NOF Excess Return -24.38 -24.30 -49.89 -49.89 -47.63 -- -47.63 Genstar IX(NOF) 2019 6,000,000.00 2,309,456.00 0.1% -- 14.36 7.74 15.72 15.72 -- -- 15.63 Jun-19 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 -- -- 9.72 NOF Excess Return -8.52 9.76 6.00 6.00 -- -- 5.91 Genstar IX Opps.(NOF) 2019 3,000,000.00 1,820,503.00 0.1% -- 8.93 4.90 -0.90 -0.90 -- -- 11.27 Jun-19 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 -- -- 9.72 NOF Excess Return -13.95 6.92 -10.62 -10.62 -- -- 1.55 Green Equity Investors VIII(NOF) 2020 12,000,000.00 262,719.00 0.0% -- -- -- -- -- -- -- -- Sep-20 WPERP Russell 3000+3% -- -- -- -- -- -- -- NOF Excess Return -- -- -- -- -- -- -- Harvest VII(NOF) 2016 6,000,000.00 6,589,053.00 0.3% -- 20.46 4.91 8.22 8.22 10.17 -- 7.74 Aug-16 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 -- 14.76 NOF Excess Return -2.42 6.93 -1.50 -1.50 -3.15 -- -7.02 Harvest VIII(NOF) 20019 15,000,000.00 5,888,775.00 0.2% -- -0.25 -1.19 2.52 -- -- -- -2.52 Oct-19 WPERP Russell 3000+3% 22.88 -2.02 9.72 -- -- -- 5.14 NOF Excess Return -23.13 0.83 -7.20 -- -- -- -7.66 Industry Ventures VIII(NOF) 2016 7,500,000.00 7,438,998.00 0.3% -- 12.50 8.61 28.70 28.70 44.22 -- 44.56 Feb-17 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 -- 13.27 NOF Excess Return -10.38 10.63 18.98 18.98 30.90 -- 31.29 Industry Ven SP Opp III-A(NOF) 2019 4,500,000.00 426,435.00 0.0% -- 4.27 -4.35 2.97 2.97 -- -- 61.08 Apr-19 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 -- -- 8.82 NOF Excess Return -18.61 -2.33 -6.75 -6.75 -- -- 52.26 Landmark XIV(NOF) 2008 5,000,000.00 703,544.00 0.0% -- -13.71 -13.83 -7.93 -7.93 -2.25 -2.74 8.84 Aug-08 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 13.31 14.31 NOF Excess Return -36.59 -11.81 -17.65 -17.65 -15.57 -16.05 -5.47 Landmark XV(NOF) 2014 7,000,000.00 2,603,299.00 0.1% -- -15.34 -15.87 -6.78 -6.78 5.93 6.66 9.36 Feb-14 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 13.31 13.11 NOF Excess Return -38.22 -13.85 -16.50 -16.50 -7.39 -6.65 -3.75 Lexington VII(NOF) 2009 5,000,000.00 947,312.00 0.0% -- 0.79 -6.28 -1.59 -1.59 6.19 6.18 13.60 Aug-09 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 13.31 18.45 NOF Excess Return -22.09 -4.26 -11.31 -11.31 -7.13 -7.13 -4.85 Lexington IX(NOF) 2019 15,000,000.00 2,560,314.00 0.1% -- 2.02 -10.54 71.38 -- -- -- 71.38 Nov-19 WPERP Russell 3000+3% 22.88 -2.02 9.72 -- -- -- 1.05 NOF Excess Return -20.86 -8.52 61.66 -- -- -- 70.33 Oaktree V(NOF) 2009 2,500,000.00 24,761.00 0.0% -- -0.81 -27.02 -36.28 -36.28 -6.25 -7.37 1.43 Jan-09 WPERP Russell 3000+3% 22.88 -2.02 9.72 9.72 13.32 13.31 15.47 NOF Excess Return -23.69 -25.00 -46.00 -46.00 -19.57 -20.68 -14.04 Platinum Equity Fund V(NOF) 2019 12,000,000.00 1,428,950.00 0.1% -- 26.74 -4.48 40.34 -- -- -- -5.68 Dec-19 WPERP Russell 3000+3% 22.88 -2.02 9.72 -- -- -- -2.02 NOF Excess Return 3.86 -2.46 30.62 -- -- -- -3.66 Providence Strategic Growth IV(NOF) 2020 12,000,000.00 2,603,905.00 0.1% -- -2.80 -- -15.62 -- -- -- -17.99 Feb-20 WPERP Russell 3000+3% 22.88 -- 9.72 -- -- -- 6.28 NOF Excess Return -25.68 -- -25.34 -- -- -- -24.27 Searchlight Capital III(NOF) 2020 12,000,000.00 3,518,401.00 0.1% -- 12.84 -- -25.63 -- -- -- -11.20 Jan-20 WPERP Russell 3000+3% 22.88 -- 9.72 -- -- -- -2.16 NOF Excess Return -10.04 -- -35.35 -- -- -- -9.04




Inception Date



los angeles water and power employees’ … › cs › webfiles...dec 09, 2020 · n o r t h e r n...

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