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Investment Portfolio 2012

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Investment Portfolio 2012 ment System o Retire f the C ers' nt Po ity o ach vestme rtfolios • f N Te s • In Inve ew k • olio w York • Teach stm Yo or rtf of Ne ers' R en rk Y Po ity eti t P • T ew nt e C tment Portfolios • rem o e N e th ves Inve e rt ac f tm of • In of the C stm nt fo h o s ios ystem ity o e S lio er ty ve em ol t S f Ne nt ys s s i n t tf en t Portfo Po te • ' R C I ys or m tmen lios • r m In e e • S P ire ves Inv tf v t h s t t et In es o o e ir t io n n R s • f the City of New tm lio f s e f l e e s' lio m o Yo s t t m o fo m r o te rk • h m t m st e tf ys Portfolios • In • T I e e m r e e h r t S nt ves ea n C e n e o ir c o n e tm c v n t t t v a P e tm Te e h e i t P n e t s ork • acher n e s t S s t e I T n m ve Y s' t P t y P y y R • e re n ew Re o m o o S n • i I N t s e ' s t • f olios • Inve ir r f r t t s k m e o rtf st e tf e t e r io r t s o m m o N f n m l s R io y P en n o m t e o ' l it t of t t e li e e o Y e s n tem he C P n o t l s h f v r o C e ys it P w i t f S y o t s o o m e c n e t e m t o r o r w I r t n f t S • f e v a h h s e olios • In N f I Y s o e • c o t e rtf ve e o y n r t r n e m o s w s t o • h i I P N s a P f v e P tm li v t T n r t o t f r I e t i Re e Y e e o n e • t f o o I t n rs' tire o k e • i T he m n s n • e e c e m s l v C s n o l • a n t r • i R k e m s R e k t o • e m t P e i ' o o ' t T I m r y k o S o • n T t i f e s s • o s s s l t i y y t r m t r T e r o m i l e k s r v f e t r t r e • o t o s e t t Y o v e e a m o e C s o f a t n f s o Y y f h I m o s t e n Y h n c f h t c I c t e P S l t e r w e r h h N c w v a • w o i m e v v t o n h t o e o e e e a e n e e s f e t I s n n n T r e t P P t s e I N r N w o s f N • • h • P e e i n t s T t t f • l ' f f e I m ' o s k R o • o Y n n n s o o m r o R m C o r f o t e y e v k e i o o e t t e t y m l i y r i s r i n t t f Y r r l t t t m k m y e o i y e i o o i C t t i o t o t f t v Y w r l C • f s t o P C s e s P i e e t e r T n o e e e h y o f t I r w m e e R t o N s v v S h • N r n e o ' f a h f t P n t • n e e t s s o t I P e c f I o f N t I r n o • n h f o t n w • f m o y n i m e t l e t t l s e o n v e o i s i e s h t o Y o S o r e e m s C e i o c m y f s o y l i s m y v s e m t t e l S a ' e t t i m o n r t t r s • e h R r I f s t e s n o m k t i t C t e • t I o f s T e y e f t m e n r s s e t • P • v o e e S e o t e o r i m v y l T i t n v t n P h o k m r R e I f o S e t t r t e n n n e ' t t • s o I P a s t n o f e e s m y t P s e • Y t S c f r n m o o o m m h m i e s t n e t e w l t e s h r e e e h o e r n s o m i i t f n r c e m N l e t t t f e s r m a e o t v e t o S ' C t o r f R e n s P l R i ' P I s y t i i T y s o t o t r e • s e r • y S r e t s e o s t v t i k e t o R r P o f • i r n e o ' m I t n f I o m s n l • n e Y N i r o v o e e s e e s n m e f o m h w t i • e s t t l c r s t h i Y a o m e t f e o e v t e e T r n r C I I k • R n n • o i ' v t • t k s P s e y r o T r i s t l o t e o e m o n Y f a t f e e h r c n w o N c h t P e P m t e a o e t n N r I r e t s f e n s o f m w t l s i o e ' s v • n e I T o v R v • y e e Y t i t n s i o I C r k t e e • r m m r h t e k s f n o o t e S m y e s t o Y i n • l t o P f T w t o e r e r o t a f P N o t c l n i f o e s h m • t I s n e v o e y r t s i ' R C e e t h i t r e f m o e m n e t t s S y Contents Introduction . .1 Statement of Total Investments for the Pension Fund . .3 Statement of Total Investments for the Diversified Equity Fund . .7 Statement of Total Investments for the Bond Fund . .95 Statement of Total Investments for the International Equity Fund . .103 Statement of Total Investments for the Inflation Protection Fund . .119 Statement of Total Investments for the Socially Responsive Equity Fund . .123 Summary of Investment Managers . .127 Introduction 1 2 stem of the Cit ent Sy y of Ne irem tment Por w Yo Ret • Inves tfolios rk rs' lios • Inv • Te he rtfo stem of the City est ac ac Po nt Sy of N me he Te nt me tme ew nt rs • e ire s • Inves nt Port Yo P ' R k tm et olio folio rk or e r s ' R rtf ystem of s • • T tf ti Yo ve rs Po ent S the C Inv ea o re In e nt rem ity o es c lio m w ch e ti lios • Invest f N tm h s e e a tm Re ortfo men e e er • n N e es rs' t P t Po w n s In t f T v e en ty of New Yo rt Yo t ' R v S o • n h m e Ci rk • fo r P e e y y t I c st th Te li k o t s s t n rk a e of ac os • r i t t i e Te v m tfolios • Invest he • T tf r m e C o In te or me rs I e o e m e m Y t s t P nt ' n a l m e t • n y n of the P R v c i n h s w s e S e tem Cit o e e h o e o t e t t m ys y o rt ti s s n t f e o n st S f f r t e f v li m n e e t N o e m r • t P t o N e e v n rtfolios • In e li m s I o h n f o r m n e t Po ves w o e ' n S I f i m e I m n tm s e n R v y r e m • o t t t r e e Y n t r e i r m etiremen e o • t e e s f C e y s t i t ' R t S n r I t t o s o s y n P s 3 t t R e • t s r s t k S t e i o i e e e e te P v i t l t s P ' v s h m • y o r m i y i R R v c nt Por o e m o y l C t s n ' o n a e tfo T s r e r I i ' I e tm l o r s t t o S o n s l T s io f t e m e s e e r s e s f t e f f • o r v t o a m o n o f t t e e t etirem • h m • h h f e n ' R I e N s e n I rs e n e l c l t f n r t h t • e n i e I m c h t v o h i n n o r h e t h S C o o P t e e o f t i c s c y e n a l c f a i s e t h v o o s s s w P s a m i e t t t f o o e a o t y • r e e m o P t l T e t S e e m • r t T f m I s P T t e s o • o h y s Y e t f n ' I t C n v • m o r T e n t o m r t k o e f e s f i n e v R • r i m e n v r n N r o t e • t f v t r I k o e e C t o e t s e l t r k n o t t y k e e e • P Y h s f i e m r k I t i s y P P o m o m w t s o t R t r i n • s t • e o o t S y y r t w o m t ' l s s Y T s o t o Y t C e i n s e Y m f s S n o o o i r e e • e Y o e P r l e n i m N o t t w e N t f v s f a w i I e v f e n e r o y o l f n e N o e n c t n e k f m w • n e n m t h I r o v o o h h t t I w m l e I t e e N n t f t • N c i P • r e n s f y e e • s e o t f w T f f P t t a N r o N s o e v o r m Y s i r e e i s s C o o o e t S s t v f r e e o l Y P e o C v a o m • o i T i t ' i r r e w y i s y o n o c o y t P n l r e t i f I R l • I t t I t t h n R s o k y r t e i t s h f n o Y i ' m • e y o • k t t o v k e f l o n e f s C n e t • o • e f i C t r t s s e r i r t l r o • e e i t R o I r s T i k m e f r o s e o r o T n o e C m s i n ' ' P i t e e • l o N h t R Y o h e m l m m T v s s h • t t c e o t o a m e s o e e P P a r t t f o e I e s f a P a • e s t t w h n r e c f f t t c c y e f r i e w n e s h t e o t I o t r S h e v h v e t T n t o n t e n v t r f r o h n f n s r e • h e P P ' e m o n R e m e m e v Y n N e t e r i t c t o o I s m o I k t e r f n r r l r e e o t f t • a e P m e • o s i m f m e n S o s o m C t o s m t r ' s l o t Y t m i t e e l s o s t ' n e s s y R t v • s i e I n S k i o t s e w o T t i y R n s m y n y e o l s e t e t s s y t i s N • • • t t e e S s o e v t f e l t m f i P y o P e o y • t T I y e i o t t n i f v o t C h r t e r n o k I S f m n S o I C e r o e n m f i n t r t n N • P t f v t r t t o a m e r I t v s e n l e s n i e o r e o e t P e n c s e w • e m • t o o I s e m n e v h f Y i s m s o o h e m l v Y o n e t t s e f o t m r o r r P e n r i t i f m f k t l e I t o w m t t t e e • S t r i i R f r T ' e • h n s e o a r e o n c o y e l e h s o e t n r R s P s ' l P e s i ' t t o t n i o N e R s o n e t o f r i e r t m S m • f t l C f o e t m s e e t l s i o m e s v e • o n I h y P I r o t • R o t i f c n t f i I t t a ' s o s t r o n e r h s y s T v y e t e v • r e o r C P k t e y e m i r t e t P o y v i e.
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