Public Pension Fund Comparison

RVK Public Pension Fund Universe Analysis

Analysis of Educational Employees’ Supplementary Retirement System of Fairfax County versus a universe of Public Pension Fund Participants

Data through December 31, 2016

Includes capital markets review, asset class reviews and asset class performance

page 13 – Fairfax county has 100% externally managed (like majority of peer group)

page 13 – Active management %  (+90) is higher (ranked #8 overall) than peers (but not the highest of peer group)