Chicago Public School Teachers' Pension Fund Annual Report for 2008

Page 32

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DEPOSITS

AND

INVESTMENTS

DEPOSITS Custodial credit risk for deposits is the risk that, in the event of a financial institution failure, the Fund’s deposits may not be returned. All noninvestment related bank balances at year-end are insured or collateralized by securities recorded in the Fund’s name and held by the Fund’s agent, its master custodian (Northern Trust Bank). Cash held in the investment related bank account is neither insured nor collateralized for amounts in excess of $100,000. There is no deposit related deposit policy for custodial credit risk.

Carrying amount at June 30 Cash

$ 34,812,134

Bank balances at June 30

37,062,867

Amount exposed to custodial credit risk

36,915,098

INVESTMENTS The following table presents a summary of the Fund’s investments at fair values at June 30, 2008:

INVESTMENTS

FAIR

U.S. government and agency fixed income

$

VALUE

1,485,108,310

U.S. corporate fixed income

987,854,974

Foreign fixed income securities

131,426,685

U.S. equities

4,893,349,236

Foreign equities

2,436,361,447

Pooled short-term investment funds

468,514,226

Real estate

921,205,016

Private equity

296,631,650

Swaps

(26,881,336)

Options

(455,853)

Margin cash

8,700,000

Total investments

$

11,601,814,355

Included in the balance of the investments above are amounts categorized on the statement of plan net assets as cash equivalents totaling $468,514,226, which consists of pooled short-term investment funds managed by Northern Trust. Under the terms of the investment agreement for the pooled short-term investment funds, Northern Trust may invest in a variety of short-term investment securities. 28

Financials


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