Annual Report PDF file 2009 - State of Illinois
Annual Report PDF file 2009 - State of Illinois Annual Report PDF file 2009 - State of Illinois
Moody’s S&P Shares/Quality Quality Par Fair DividendRating Rating Value Cost Value YieldCOMMON STOCK AND EQUITY FUNDS (continued) $ $ %Financials (continued)NA NR 2,536 MERIDIAN INTST BANCORP INC. 22,110 18,893 0.00NA B+ 164,101 METLIFE INC. 4,300,254 4,924,671 2.50NA B+ 1,000 METRO BANCORP INC. PA 20,897 19,260 0.00NA NA 17,600 MF GLOBAL LTD 106,858 104,368 0.00NA NR 56,470 MFA FINANCIAL INC. 333,235 390,772 12.70NA C 81,600 MGIC INVT CORP. WIS 3,133,785 359,040 0.00NA NR 59,667 MID AMER APT CMNTYS INC. 2,557,547 2,190,376 6.70NA A 1,200 MIDSOUTH BANCORP INC. 21,854 20,160 1.70NA NR 4,500 MISSION WEST PPTYS INC. MD 33,454 30,735 8.80NA NR 5,100 MONMOUTH REAL ESTATE INVT CORP. 31,362 29,886 10.20NA NR 22,400 MONTPELIER RE HOLDINGS LTD 328,866 297,696 2.30NA B+ 21,744 MOODYS CORP. 537,704 572,954 1.50NA B 302,254 MORGAN STANLEY 9,575,207 8,617,262 1.00NA NR 800 MORNINGSTAR INC. 52,335 32,984 0.00NA NR 4,000 MSCI INC. 117,533 97,760 0.00NA NR 5,620 MVC CAP INC. 60,735 47,545 5.70NA B+ 3,836 NARA BANCORP INC. 27,882 19,870 0.00NA B+ 900 NASB FINL INC. 20,047 25,740 3.20NA NR 18,447 NASDAQ OMX GROUP INC. 387,130 393,106 0.00NA A+ 1,800 NATIONAL BANKSHARES INC. VA 46,443 43,200 3.40NA NR 111,160 NATIONAL FINL PARTNERS CORP. 2,525,438 813,691 0.00NA NR 6,400 NATIONAL HEALTH INVS INC. 176,259 170,944 8.20NA NR 1,600 NATIONAL INTST CORP. 26,095 24,288 1.80NA A 21,796 NATIONAL PENN BANCSHARES INC. 218,870 100,480 4.30NA NR 60,800 NATIONAL RETAIL PPTYS INC. 1,127,263 1,054,880 8.70NA B 587 NATIONAL WESTN LIFE INS CO. 77,781 68,532 0.30NA NR 5,200 NATIONWIDE HEALTH PPTYS INC. 126,700 133,848 6.80NA B- 27,953 NAVIGATORS GROUP INC. 1,229,095 1,241,952 0.00NA B+ 8,896 NBT BANCORP INC. 202,148 193,132 3.70NA NR 3,514 NELNET INC. 42,836 47,755 0.00NA B 28,100 NEW YORK CMNTY BANCORP INC. 327,633 300,389 9.40NA NR 27,700 NEWALLIANCE BANCSHARES INC. 309,973 318,550 2.40NA NR 5,200 NEWSTAR FINANCIAL INC. 15,797 9,932 0.00NA NR 1,500 NORTHEAST CMNTY BANKCORP INC. 13,937 12,165 1.50NA A- 27,379 NORTHERN TRUST CORP. 1,412,744 1,469,705 2.10NA NR 5,000 NORTHFIELD BANCORP INC. NEW 50,231 58,100 1.40NA A- 1,600 NORTHRIM BANCORP INC. 22,802 22,272 2.90NA NR 15,341 NORTHSTAR RLTY FIN CORP. 53,638 43,415 14.10NA A 4,476 NORTHWEST BANCORP INC. PA 87,055 84,417 4.70NA A 500 NORWOOD FIN CORP. 15,971 15,680 3.40NA B- 1,200 NYMAGIC INC. 19,693 16,656 1.20NA NR 38,321 NYSE EURONEXT 1,550,251 1,044,247 4.40NA A- 2,300 OCEANFIRST FINL CORP. 30,291 27,531 6.70NA B- 10,000 OCWEN FINL CORP. 92,462 129,700 0.00NA NR 1,300 ODYSSEY RE HLDGS CORP. 50,390 51,974 0.80NA A- 1,100 OHIO VY BANC CORP. 35,510 32,274 2.70NA B+ 17,200 OLD NATL BANCORP IND 226,686 168,904 2.90NA A- 500 OLD POINT FINL CORP. 9,616 9,250 2.20NA B 19,586 OLD REP INT'L CORP. 211,172 192,922 6.90NA A- 2,700 OLD SECOND BANCORP INC. DEL 21,486 15,930 2.70NA NR 16,886 OMEGA HEALTHCARE INVESTORS 256,416 262,071 7.70NA NR 1,800 ONEBEACON INSURANCE GROUP LTD 15,504 21,042 7.20NA NR 33,900 OPTIONSXPRESS HLDGS INC. 505,865 526,467 2.10NA B 6,315 ORIENTAL FINL GROUP INC. 35,938 61,256 1.70NA NR 700 ORRSTOWN FINL SVCS INC. 26,895 26,068 2.40NA B+ 12,136 PACIFIC CAP BANCORP NEW 155,291 25,971 0.00NA A 3,300 PACIFIC CONTL CORP. 44,347 40,029 3.30NA B- 6,385 PACWEST BANCORP DEL 107,429 84,027 0.30NA A- 2,700 PARK NAT'L CORP. 136,481 152,496 6.70NA B- 5,600 PARKWAY PPTYS INC. 78,527 72,800 1.00NA B 4,600 PARTNERRE LTD 297,681 298,770 2.90NA B- 1,800 PEAPACK GLADSTONE FINL CORP. 36,759 34,722 1.00NA NR 5,400 PENNANTPARK INVESTMENT CORP. 17,831 38,340 13.50NA NR 500 PENNS WOODS BANCORP INC. 15,906 14,570 6.30NA NR 9,300 PENNSYLVANIA REAL ESTATE INVT 50,301 46,500 12.00NA NR 1,876 PENSON WORLDWIDE INC. 11,050 16,790 0.00NA B+ 2,751 PEOPLES BANCORP INC. 32,160 46,905 5.40NA B+ 1,000 PEOPLES FINL CORP. MISS 21,002 19,000 2.10NA B 53,400 PEOPLES UNITED FINL INC. 924,525 803,136 4.10NA NR 26,800 PHOENIX COS INC. NEW 47,455 44,756 0.00NA B- 18,406 PICO HLDGS INC. 437,079 528,252 0.00NA NR 6,230 PINNACLE FINL PARTNERS INC. 137,519 82,984 0.00NA NR 4,958 PIPER JAFFRAY COS. 150,239 216,516 0.00NA NR 13,000 PLATINUM UNDERWRITERS HOLDINGS 400,058 371,670 1.10ILLINOIS STATE BOARD OF INVESTMENT51
PORTFOLIO OF INVESTMENTSJUNE 30, 2009 (CONTINUED)Moody’s S&P Shares/Quality Quality Par Fair DividendRating Rating Value Cost Value YieldCOMMON STOCK AND EQUITY FUNDS (continued) $ $ %Financials (continued)NA NR 23,223 PLUM CREEK TIMBER CO INC. 743,919 691,581 5.60NA C 8,332 PMA CAP CORP. 46,896 37,911 0.00NA B+ 18,900 PMI GROUP INC. 28,921 37,422 0.00NA B+ 144,679 PNC FINL SVCS GROUP INC. 17,371,893 5,614,992 1.00NA B 22,970 POPULAR INC. 59,903 50,534 0.00NA NR 700 PORTER BANCORP INC. 9,983 10,605 5.50NA NR 11,500 POST PPTYS INC. 164,912 154,560 6.00NA NR 5,550 PREMIERWEST BANCORP 23,581 18,815 1.20NA B 5,400 PRESIDENTIAL LIFE CORP. 51,502 40,878 3.30NA NR 4,800 PRIMUS GUARANTY LTD 10,807 11,328 0.00NA NR 36,129 PRINCIPAL FINANCIAL GROUP 781,552 680,670 2.40NA B+ 29,150 PRIVATEBANKCORP INC. 904,476 648,296 0.20NA B 8,400 PROASSURANCE CORP. 409,289 388,164 0.00NA B+ 102,725 PROGRESSIVE CORP. OHIO 1,382,811 1,552,175 0.00NA NR 67,278 PROLOGIS 893,453 542,261 7.40NA NR 11,158 PROSPECT CAPITAL CORP. 121,239 102,654 17.70NA A 31,500 PROSPERITY BANCSHARES INC. 804,499 939,645 1.80NA A- 6,900 PROTECTIVE LIFE CORP. 48,559 78,936 4.20NA NR 83,858 PROVIDENT FINANCIAL SERVICES 924,387 763,108 4.80NA B+ 8,968 PROVIDENT NEW YORK BANCORP 89,873 72,820 3.00NA NR 200 PRUDENTIAL BANCORP INC. PA 2,420 2,362 1.70NA NR 98,968 PRUDENTIAL FINL INC. 3,804,564 3,683,589 1.60NA B+ 2,500 PS BUSINESS PKS INC. CA 95,475 121,100 3.60NA B+ 14,611 PUBLIC STORAGE 1,034,167 956,728 3.40NA C 85,700 RADIAN GROUP INC. 3,792,860 233,104 0.40NA NR 16,800 RAIT FINANCIAL TRUST 36,242 23,016 0.00NA NR 4,028 RAMCO GERSHENSON PPTYS TR 18,730 40,320 9.30NA A- 8,000 RAYMOND JAMES FINANCIAL INC. 145,795 137,680 2.60NA NR 8,500 REALTY INCOME CORP. 185,228 186,320 7.80NA NR 17,500 REDWOOD TR INC. 244,093 258,300 6.80NA NR 6,500 REGENCY CTRS CORP. 222,559 226,915 5.30NA B 179,833 REGIONS FINL CORP. NEW 1,393,194 726,525 1.00NA A- 5,700 REINSURANCE GROUP AMER INC. 197,775 198,987 1.00NA B+ 5,100 RENAISSANCERE HOLDINGS LTD 243,397 237,354 2.00NA A 51,833 RENASANT CORP. 1,118,570 778,532 4.50NA A- 2,268 REPUBLIC BANCORP INC. KY 44,680 51,234 2.40NA B 1,800 REPUBLIC FIRST BANCORP INC. 14,277 14,040 0.00NA NR 5,400 RES0URCE CAPITAL CORP. 17,579 17,280 27.90NA C 3,300 REWARDS NETWORK INC. 13,007 12,474 0.00NA A 2,700 RLI CORP. 151,417 120,960 2.40NA NR 2,100 ROCKVILLE FINL INC. 25,656 22,995 1.80NA NR 1,300 ROMA FINL CORP. 16,115 16,562 2.50NA A 6,068 S & T BANCORP INC. 158,678 73,787 4.90NA A+ 1,800 S Y BANCORP INC. 43,022 43,506 2.80NA NR 3,000 SAFETY INS GROUP INC 108,606 91,680 5.20NA B- 4,994 SANDERS MORRIS HARIS GROUP INC. 21,225 27,467 3.30NA B+ 4,272 SANDY SPRING BANCORP INC. 63,567 62,798 3.30NA NR 700 SAUL CTRS INC. 23,908 20,699 5.30NA A- 3,300 SCBT FINL CORP. 87,909 78,177 2.90NA B+ 107,123 SCHWAB (CHARLES) CORP. 1,782,341 1,878,937 1.40NA NR 5,600 SEABRIGHT INS HLDGS INC. 57,982 56,728 0.00NA A 86,937 SEI INVESTMENTS CO. 1,572,972 1,568,343 0.90NA A- 13,700 SELECTIVE INS GROUP INC. 248,901 174,949 4.10NA NR 9,800 SENIOR HSG PPTSY TR 154,953 159,936 8.60NA NR 2,200 SHORE BANCSHARES INC. 36,556 39,468 3.60NA NR 1,900 SIERRA BANCORP 28,937 23,997 3.20NA NR 50,428 SIGNATURE BK NEW YORK NY 1,244,116 1,367,607 0.00NA A 3,700 SIMMONS 1ST NATL CORP. 93,937 98,864 2.80NA NR 35,666 SIMON PPTY GROUP INC. NEW 2,010,842 1,834,302 4.70NA A- 6,300 SL GREEN RLTY CORP. 104,124 144,522 1.70NA B- 68,834 SLM CORP. 1,066,170 706,925 0.00NA NR 3,800 SMITHTOWN BANCORP INC. 50,951 48,602 1.30NA B- 6,510 SOTHEBYS 20,316 91,856 1.40NA B 22,100 SOUTH FINL GROUP INC. 53,534 26,299 3.40NA A- 2,670 SOUTHSIDE BANCSHARES INC. 44,958 61,063 2.50NA A- 3,738 SOUTHWEST BANCORP INC. OKLA 38,892 36,483 1.00NA NR 5,918 SOVRAN SELF STORAGE INC. 158,445 145,583 1.40NA B- 36,928 ST. JOE CO. 1,175,873 978,223 0.00NA A 35,200 STANCORP FINL GROUP INC. 1,398,106 1,009,536 2.60NA B+ 3,700 STATE AUTO FINL CORP. 83,090 64,750 3.40NA B 3,780 STATE BANCORP INC. N Y 29,768 28,577 2.70NA A 66,026 STATE STREET CORPORATION 2,589,817 3,116,427 0.10NA NR 5,900 STELLARONE CORP. 83,925 76,405 1.20NA A- 4,653 STERLING BANCORP 52,737 38,853 9.10NA A- 21,389 STERLING BANCSHARES INC. 113,549 135,392 3.50ILLINOIS STATE BOARD OF INVESTMENT52
- Page 1 and 2: 2009ANNUALREPORTILLINOISSTATEBOARDO
- Page 3 and 4: BOARD MEMBERSCHAIRMANRonald E. Powe
- Page 5 and 6: International Equity 17%U.S. Equity
- Page 7 and 8: % Investment Returns June 30201510T
- Page 9 and 10: FINANCIAL HIGHLIGHTSFISCAL YEARS EN
- Page 11 and 12: FINANCIALSTATEMENTS2009ILLINOIS STA
- Page 13 and 14: MANAGEMENT’S DISCUSSION AND ANALY
- Page 15 and 16: STATEMENT OF NET ASSETSJUNE 30, 200
- Page 18 and 19: Note 2Deposits, Investments, and In
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PORTFOLIO OF INVESTMENTSJUNE 30, <strong>2009</strong> (CONTINUED)Moody’s S&P Shares/Quality Quality Par Fair DividendRating Rating Value Cost Value YieldCOMMON STOCK AND EQUITY FUNDS (continued) $ $ %Financials (continued)NA NR 23,223 PLUM CREEK TIMBER CO INC. 743,919 691,581 5.60NA C 8,332 PMA CAP CORP. 46,896 37,911 0.00NA B+ 18,900 PMI GROUP INC. 28,921 37,422 0.00NA B+ 144,679 PNC FINL SVCS GROUP INC. 17,371,893 5,614,992 1.00NA B 22,970 POPULAR INC. 59,903 50,534 0.00NA NR 700 PORTER BANCORP INC. 9,983 10,605 5.50NA NR 11,500 POST PPTYS INC. 164,912 154,560 6.00NA NR 5,550 PREMIERWEST BANCORP 23,581 18,815 1.20NA B 5,400 PRESIDENTIAL LIFE CORP. 51,502 40,878 3.30NA NR 4,800 PRIMUS GUARANTY LTD 10,807 11,328 0.00NA NR 36,129 PRINCIPAL FINANCIAL GROUP 781,552 680,670 2.40NA B+ 29,150 PRIVATEBANKCORP INC. 904,476 648,296 0.20NA B 8,400 PROASSURANCE CORP. 409,289 388,164 0.00NA B+ 102,725 PROGRESSIVE CORP. OHIO 1,382,811 1,552,175 0.00NA NR 67,278 PROLOGIS 893,453 542,261 7.40NA NR 11,158 PROSPECT CAPITAL CORP. 121,239 102,654 17.70NA A 31,500 PROSPERITY BANCSHARES INC. 804,499 939,645 1.80NA A- 6,900 PROTECTIVE LIFE CORP. 48,559 78,936 4.20NA NR 83,858 PROVIDENT FINANCIAL SERVICES 924,387 763,108 4.80NA B+ 8,968 PROVIDENT NEW YORK BANCORP 89,873 72,820 3.00NA NR 200 PRUDENTIAL BANCORP INC. PA 2,420 2,362 1.70NA NR 98,968 PRUDENTIAL FINL INC. 3,804,564 3,683,589 1.60NA B+ 2,500 PS BUSINESS PKS INC. CA 95,475 121,100 3.60NA B+ 14,611 PUBLIC STORAGE 1,034,167 956,728 3.40NA C 85,700 RADIAN GROUP INC. 3,792,860 233,104 0.40NA NR 16,800 RAIT FINANCIAL TRUST 36,242 23,016 0.00NA NR 4,028 RAMCO GERSHENSON PPTYS TR 18,730 40,320 9.30NA A- 8,000 RAYMOND JAMES FINANCIAL INC. 145,795 137,680 2.60NA NR 8,500 REALTY INCOME CORP. 185,228 186,320 7.80NA NR 17,500 REDWOOD TR INC. 244,093 258,300 6.80NA NR 6,500 REGENCY CTRS CORP. 222,559 226,915 5.30NA B 179,833 REGIONS FINL CORP. NEW 1,393,194 726,525 1.00NA A- 5,700 REINSURANCE GROUP AMER INC. 197,775 198,987 1.00NA B+ 5,100 RENAISSANCERE HOLDINGS LTD 243,397 237,354 2.00NA A 51,833 RENASANT CORP. 1,118,570 778,532 4.50NA A- 2,268 REPUBLIC BANCORP INC. KY 44,680 51,234 2.40NA B 1,800 REPUBLIC FIRST BANCORP INC. 14,277 14,040 0.00NA NR 5,400 RES0URCE CAPITAL CORP. 17,579 17,280 27.90NA C 3,300 REWARDS NETWORK INC. 13,007 12,474 0.00NA A 2,700 RLI CORP. 151,417 120,960 2.40NA NR 2,100 ROCKVILLE FINL INC. 25,656 22,995 1.80NA NR 1,300 ROMA FINL CORP. 16,115 16,562 2.50NA A 6,068 S & T BANCORP INC. 158,678 73,787 4.90NA A+ 1,800 S Y BANCORP INC. 43,022 43,506 2.80NA NR 3,000 SAFETY INS GROUP INC 108,606 91,680 5.20NA B- 4,994 SANDERS MORRIS HARIS GROUP INC. 21,225 27,467 3.30NA B+ 4,272 SANDY SPRING BANCORP INC. 63,567 62,798 3.30NA NR 700 SAUL CTRS INC. 23,908 20,699 5.30NA A- 3,300 SCBT FINL CORP. 87,909 78,177 2.90NA B+ 107,123 SCHWAB (CHARLES) CORP. 1,782,341 1,878,937 1.40NA NR 5,600 SEABRIGHT INS HLDGS INC. 57,982 56,728 0.00NA A 86,937 SEI INVESTMENTS CO. 1,572,972 1,568,343 0.90NA A- 13,700 SELECTIVE INS GROUP INC. 248,901 174,949 4.10NA NR 9,800 SENIOR HSG PPTSY TR 154,953 159,936 8.60NA NR 2,200 SHORE BANCSHARES INC. 36,556 39,468 3.60NA NR 1,900 SIERRA BANCORP 28,937 23,997 3.20NA NR 50,428 SIGNATURE BK NEW YORK NY 1,244,116 1,367,607 0.00NA A 3,700 SIMMONS 1ST NATL CORP. 93,937 98,864 2.80NA NR 35,666 SIMON PPTY GROUP INC. NEW 2,010,842 1,834,302 4.70NA A- 6,300 SL GREEN RLTY CORP. 104,124 144,522 1.70NA B- 68,834 SLM CORP. 1,066,170 706,925 0.00NA NR 3,800 SMITHTOWN BANCORP INC. 50,951 48,602 1.30NA B- 6,510 SOTHEBYS 20,316 91,856 1.40NA B 22,100 SOUTH FINL GROUP INC. 53,534 26,299 3.40NA A- 2,670 SOUTHSIDE BANCSHARES INC. 44,958 61,063 2.50NA A- 3,738 SOUTHWEST BANCORP INC. OKLA 38,892 36,483 1.00NA NR 5,918 SOVRAN SELF STORAGE INC. 158,445 145,583 1.40NA B- 36,928 ST. JOE CO. 1,175,873 978,223 0.00NA A 35,200 STANCORP FINL GROUP INC. 1,398,106 1,009,536 2.60NA B+ 3,700 STATE AUTO FINL CORP. 83,090 64,750 3.40NA B 3,780 STATE BANCORP INC. N Y 29,768 28,577 2.70NA A 66,026 STATE STREET CORPORATION 2,589,817 3,116,427 0.10NA NR 5,900 STELLARONE CORP. 83,925 76,405 1.20NA A- 4,653 STERLING BANCORP 52,737 38,853 9.10NA A- 21,389 STERLING BANCSHARES INC. 113,549 135,392 3.50ILLINOIS STATE BOARD OF INVESTMENT52
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