Current Fiscal Year Performance

The following are the annualized returns for SBCERA for periods ending March 31, 2013. The SBCERA Fiscal Year runs from July 1 through June 30. View SBCERA’s latest quarterly investment report prepared by SBCERA pension consultant, NEPC.

Assets Under Management: $6,946,380,465
(As of March 31, 2013)

Annualized Returns as of March 31, 2013*
(Performance shown is Gross of Fees)

	Quarter	Fiscal YTD	One Year	Three Years	Five Years	Ten Years
SBCERA	4.9%	13.0%	13.3%	11.2%	3.1%	8.1%
S&P 500	10.6%	17.2%	14.0%	12.7%	5.8%	8.5%
BC Aggregate	-0.1%	1.7%	3.8%	5.5%	5.5%	5.0%

*Performance numbers for the fiscal year are only preliminary and may vary based on lags in performance reporting for some investment types.

---