SUPPLEMENTAL ANNUITY COLLECTIVE TRUST (SACT)
Investment Summary – June 30, 2011
Investment Objective
The Supplemental Annuity Collective Trust (the "Trust") seeks long-term growth of capital consistent with the ownership of equity securities. Investment income is a secondary investment objective.
Principal Investment Strategy
The Trust will invest primarily in a broad range of equity securities in order to achieve its objective of long-term growth of capital. The Trust's investments may include common stocks, preferred stocks and convertible securities. The Trust may only purchase securities listed on a United States exchange (i.e., it may not purchase securities solely listed on the NASDAQ or other “over the counter” markets). The Trust may also invest up to 35 percent in money market securities (i.e., fixed income investments which mature in two years or less). In choosing individual securities, the Trust invests in a combination of growth and value stocks and seeks to provide a diversified portfolio. Using fundamental research, the portfolio manager seeks stocks with dominant positions in major product lines, sustained earnings growth and strong financial conditions.
Main Risks
While equity securities have historically increased in value over the long-term, they do fluctuate in price and may experience prolonged periods of price depreciation. The value of your investment in the Trust may fluctuate, which means that you could lose money.
Investment Manager
The Trust is managed by the State of New Jersey, Department of the Treasury, Division of Investment (the "Division"). The Division currently manages approximately $82.9 billion in investments for various New Jersey state pension plans and other entities.
Expenses
The Trust does not bear any management or administrative expenses. According to the original legislation which established the Trust, all such expenses are borne by the State of New Jersey.
Other
Trust Information
(as of June 30, 2011)
| Total
Market Value of Assets: |
$160,976,579
|
| Number
of Individual Issues: |
114
|
| Top
Ten Positions |
| Issuer |
%
of Portfolio |
International Business
Machines Corp. |
3.7
|
| Exxon Mobil Corp. |
3.6
|
| Chevron Corp. |
3.1
|
| Occidental Petroeum Corp. |
3.0
|
| Crown Castle International Corp. |
2.3
|
| Coca-Cola Co. |
2.1
|
| Merck & Co. Inc. |
2.0
|
| Goldman Sachs Group Inc. |
1.7
|
| Wal-Mart Stores Inc. |
1.7
|
| Anadarko Petroleum Corp. |
1.6
|
|
|
|
