OPEB Trust Investments

 

The investment philosophy of the Florida Municipal Pension Trust Fund (FMPTF) is to seek long-term growth of capital and income achieving consistent returns, while avoiding extreme volatility in the market. These portfolios use high quality stocks and bonds to help achieve our stated investment goals.

Portfolio Informational Statements
Portfolio Fact Sheets
Current Performance

Assets in the FMPTF are managed through the Florida Municipal Investment Trust (FMIvT) in the following portfolios:

Broad Market High Quality Bond Fund

  • Investment Manager: Atlanta Capital Management
  • Asset Class: Fixed Income
  • Benchmark: BloomBar US Aggregate A+

Core Plus Fixed Income Fund

  • Investment Manager: Franklin Templeton and Amundi Pioneer
  • Asset Class: Fixed Income
  • Benchmark: BloomBar Multiverse

Diversified Large Cap Equity Portfolio

  • Investment Manager: Atlanta Capital Management, Hotchkis & Wiley and INTECH
  • Asset Class: Large Cap Equity
  • Benchmark: Russell 1000 Index

Diversified Small Cap Equity Portfolio

  • Investment Manager: Atlanta Capital Management
  • Asset Class: Small Cap Equity
  • Benchmark: Russell 2500 Index

International Equity Portfolio

  • Investment Manager: Investec and Wells Fargo
  • Asset Class: International Equity
  • Benchmark: MSCI ACWI ex US

Core Real Estate Portfolio

  • Investment Manager: Morgan Stanley
  • Asset Class: Core Real Estate
  • Benchmark: NFI ODCE Net

Investment services provided the OPEB Trust:


Investment Management

  • Oversight by the Fund's Board of Trustees
  • Investment Advisory Committee to review performance of managers
  • An investment policy
  • Detailed investment and trust reports
  • Broad selection of investment asset classes
  • Three different asset allocation models
  • Monthly rebalancing of assets

Performance Monitoring

  • Quarterly portfolio reports
  • Quarterly market overviews
  • Year round administrator and compliance monitoring

Custodial Services

  • Nationally recognized custodian to safeguard and administer funds
  • Monthly Statements


The FMPTF currently has three asset allocation strategies*.


ASSET ALLOCATION
                       ACTURIAL ASSUMPTION

50% Equity                                                    6.5%

60% Equity                                                    7%

70% Equity                                                    7.5%


*Members may elect a custom asset allocation at an additional cost of $3,000/yr.

50-allocation-OPEB-graph-2019
60-allocation-OPEB-graph-2019
70-allocation-OPEB-graph-2019


For more information, contact Jeremy Langley at 850.552.5224 or Nicolle Bournival at 850.701.3630.