Liberty Investment Club Performance Report

As of 3/31/2014

Absolute Returns
Jan

Feb

Mar

Apr

May

June

July

Aug

Sept

Oct

Nov

Dec

2013
1.57%
2014 -1.44% 2.61% 0.17% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Relative Returns

Periodic Performance
Policy *

4.00%

Liberty

Mar-14
Equity
Policy 0.57%
0.70%
Port
Diff
0.13%

Ex Ret

2.00%
1.00%

Feb-14
Equity
Policy 5.20%
Port
4.93%
Diff
-0.28%

0.00%
-1.00%

Policy *
Liberty
Ex Ret

0.15%

0.17%

3 Mo

1.24%

1.31%

1 Yr

0.00%

0.00%

3 Yr

0.00%

0.00%

ITD

3.27%

2.89%

1.31%

-0.28% -0.06%
0.05%

Debt

0.19%
0.19%
0.00%

0.00%

Asset

4.80%
4.80%
0.00%

Asset

Policy -4.63% 1.54% -2.21%

Port -4.77% 1.50% -2.25%
Diff
-0.13% -0.04% -0.04%

Liberty
9%

10%

Asset

-0.33% -0.06%

Equity Debt

Characteristics

Policy

Debt

Jan-14

0.01% 0.06% 0.00% 0.00% -0.37%

44%

51%

39%

1.57%

Portfolio Asset Class Attribution

3.00%

1 Mo

Year

47%

Equity

Debt

Assets

Equity

Debt

Assets

* Policy portfolio is made up of 50% global equities (ACWI) and 40% US investment grade bonds (AGG) and 10% commodities (GSG)
Note: 2013 performance is from December 16, 2013 through year end

-na-

-na-

-na-

-na-

Liberty

-na-

3/31/2014

2/28/2014

1/31/2014

12/31/2013

12/16/2013

Growth of $100 Inception to Date

Policy

$105

$100

$95

$90

$85

$80