 |
 |
| Retirement Commingled Trust Fund |
|
|
|
| Goals: |
 |
Meet or exceed the performance of the Lehman Universal Index |
|
Provide diversification, in combination with other CTF assets |
|
For portfolio investment policy, goals and objectives, permissible investments and
constraints, please see WSIB Policy 2.10.200
|
|
| Labor & Industries (Four Fund Portfolios) |
 |
|
|
| Goals: |
|
Maintain solvency |
|
Maintain rate stability |
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Maintain sufficient assets to pay liabilities |
|
| Implications for management: |
|
Manage assets to liabilities |
|
Importance of income for L&I from fixed income portfolios |
|
Minimize cash flow uncertainty |
|
For portfolio investment policy, goals and objectives, permissible investments
and constraints, please see WSIB Policy 2.20.100
|
|
| Permanent Funds (Five Funds) |
|
|
|
| Goals: |
|
Maintain fund corpus and fund income |
|
Meet or exceed the performance of the Lehman Aggregate Index |
|
| Implications for management: |
|
Emphasize good credit and structure |
|
Importance of income from fixed income portfolios |
|
For portfolio investment policy, goals and objectives, permissible investments and
constraints, please see WSIB Policy 2.25.100
|
|
| Intermediate Bond Fund |
|
|
|
| Goals: |
|
Provide fixed income investment option for various stakeholders |
|
Meet or exceed the performance of the Lehman Intermediate Credit Index |
|
For portfolio investment policy, goals and objectives, permissible investments and
constraints, please see WSIB Policy 2.14.200
|
|
| Savings Pool |
|
|
|
| Goals: |
|
Safety of principal |
|
Maintain adequate liquidity to meet cash withdrawal requests |
|
| Investment Policy: |
|
Guaranteed Investment Contracts (GICs) |
|
Insurance financial strength ratings of Moody’s Aa3 or better |
|
Laddered portfolio with maximum maturity of seven years |
|
Portfolio weighted average maturity between two and four years |
|
For portfolio investment policy, goals and objectives, permissible investments and
constraints, please see WSIB Policy 2.13.200
|
|
| Guaranteed Education Tuition (GET) TIPS |
|
|
|
| Goals: |
|
Provide diversification, in combination with total GET asset allocation |
|
Inflation protection |
|
| Investment Policy: |
|
Allocation to TIPS between 35% and 45% of total GET assets, targeting 40% |
|
The allocation to TIPS as of March 31, 2004 was 40% |
|
For GET investment policy, goals and objectives, permissible investments and
constraints, please see WSIB Policy 2.35.100
|
|
| Developmental Disabilities Endowment Fund (DDEF) TIPS |
|
|
|
| Goals: |
|
Provide diversification, in combination with total DDEF asset allocation |
|
Inflation protection |
|
| Investment Policy: |
|
Allocation to TIPS between 34% and 44% of total GET assets, targeting 39% |
|
The allocation to TIPS as of March 31, 2004 was 41% |
|
| For DDEF investment policy, goals and objectives, permissible investments and
constraints, please see WSIB Policy 2.35.400 |
