Fund Performance

Arizona PSPRS Trust - Performance as of 2/28/2016 (Gross of Fees)

Description

3 Month Ending

Fiscal YTD

Calendar YTD

1 Year

3 Years

5 Years

10 Years

Arizona PSPRS Trust - Total Fund

3.54%

8.78%

2.21%

12.77%

6.12%

7.60%

4.72%

Target Fund Benchmark

4.30%

7.54%

3.04%

13.65%

5.24%

7.05%

4.08%

Total Equity

7.37%

12.28%

4.98%

21.19%

4.36%

8.71%

5.11%

Target Equity Benchmark

7.81%

13.20%

5.46%

23.10%

5.17%

9.14%

4.97%

U.S. Equity

7.46%

14.39%

5.15%

24.76%

8.23%

12.58%

N/A

Russell 3000

7.73%

14.96%

5.67%

26.29%

9.92%

13.85%

Non-U.S. Equity

7.26%

9.70%

4.78%

16.94%

-0.13%

3.98%

N/A

MSCI ACWI Ex-US Net

7.88%

11.05%

5.19%

19.31%

-0.19%

3.55%

Private Equity

0.71%

11.51%

0.11%

16.61%

17.42%

17.76%

N/A

Russell 3000 + 100 bps

7.88%

15.53%

5.75%

27.29%

10.93%

14.86%

Fixed Income

2.86%

4.13%

1.70%

6.98%

4.28%

3.80%

4.27%

Bloomberg BC Global Aggregate

1.14%

-4.80%

1.61%

0.59%

-0.47%

0.21%

3.34%

Private Credit

2.43%

6.91%

0.87%

8.40%

6.83%

8.66%

N/A

Custom Benchmark

3.38%

7.59%

2.06%

12.92%

3.95%

5.64%

Absolute Return

5.25%

10.78%

4.69%

12.70%

5.19%

9.06%

N/A

BofA ML 3-Month T-Bill + 200 bps

0.62%

1.59%

0.42%

2.39%

2.16%

2.14%

GTAA

2.14%

7.24%

0.64%

4.46%

3.46%

2.95%

N/A

3-Month LIBOR + 300 bps

0.99%

2.55%

0.67%

3.79%

3.46%

3.41%

Real Assets

1.70%

8.73%

1.48%

13.02%

3.80%

4.41%

N/A

CPI + 200 bps

1.46%

2.98%

1.03%

4.80%

3.23%

3.35%

Real Estate

0.97%

4.31%

0.53%

2.44%

3.66%

3.23%

N/A

NCREIF NPI **

1.73%

4.72%

1.15%

7.63%

10.77%

10.79%

Risk Parity

3.69%

1.54%

2.21%

9.54%

3.22%

N/A

N/A

Custom Benchmark

3.24%

0.58%

2.67%

8.29%

-0.08%

Short Term Investments

0.64%

1.36%

0.45%

2.13%

1.84%

2.12%

1.87%

BofA ML 3-Month T-Bill

0.13%

0.27%

0.09%

0.39%

0.16%

0.14%

0.73%