item 8d, attachment 1, page 1 of 12 - calpers · one year three years five years ten years %...
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Item 8d, Attachment 1, Page 1 of 12
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One Year Three Years Five Years Ten Years
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Performance as of June 30 (annualized)
Global Fixed Income GFI Benchmark Value Add
Item 8d, Attachment 1, Page 2 of 12
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Item 8d, Attachment 1, Page 3 of 12
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Item 8d, Attachment 1, Page 4 of 12
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CalPERS Global Fixed Income Tier Letter
Total Qualitative Score 3rd B
Weight Tier Letter
Organization 20% 5th C
FIRM 50% 6th C
Quality and Stability of Senior Management
Quality of Organization
Ownership/Incentives
TEAM 50% 3rd B
Stability of Investment Professionals
Quality of Team
Commitment to Improvement
Information Gathering 20% 1st A
Information Resources
Depth of Information
Breadth of Information
Forecasting 20% 2nd A
Clear & Intuitive Forecasting Approach
Repeatable Process
Strength, Clarity, and Intuitiveness of Valuation Methodology
Forecasting Success
Unique Forecasting Approach
Portfolio Construction 20% 2nd A
Risk Budgeting/Control
Defined Buy/Sell Discipline
Consistency of Portfolio Characteristics
Implementation 10% 2nd A
Resources
Liquidity
Compliance/Trading/Monitoring
Attribution 10% 2nd A
Depth of Attribution
Integration of Attribution
Item 8d, Attachment 1, Page 5 of 12
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Item 8d, Attachment 1, Page 6 of 12
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Item 8d, Attachment 1, Page 7 of 12
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Item 8d, Attachment 1, Page 8 of 12
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Item 8d, Attachment 1, Page 9 of 12
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Item 8d, Attachment 1, Page 10 of 12
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Item 8d, Attachment 1, Page 11 of 12
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Item 8d, Attachment 1, Page 12 of 12