For the final fiscal yr, the detrimental efficiency of the pension fund displays a troublesome market atmosphere for public equities and stuck revenue securities for the interval. For the yr ended June 30, the Russell 3000 Index and Bloomberg US Combination Bond Index posted returns of -13.9% and -10.3%, respectively, in stark distinction to returns of 44. 2% and 4.6% for the yr ended June 30, 2021.
The pension fund outperformed the -5.2% median return of the 74 U.S. public pension funds whose one-year returns ending June 30 had been trailed by Pensions and investments from Wednesday. The pension fund’s public fairness and stuck revenue allocation totaled just below 67%, with options making up the remainder of its whole allocation, serving to to offset these weak market returns.
The very best performing asset class reported for the yr ended June 30 was opportunistic/various, with a web return of 0.2% (above the benchmark by -0.2%), adopted fastened revenue securities at -7.5% (-10.9%); and public equities at -13.4% (-15.6%).
Non-public fairness and actual asset returns lag 1 / 4, based on the efficiency report. The true asset class of the pension fund consists of agriculture, infrastructure, actual property and timber.
As of June 30, the precise allocation was 51.4% public fairness, 15.5% non-public fairness, 15.1% fastened revenue, 7.5% actual property, 4.7% opportunists/options, 1.9% infrastructure, 1.7% timber, 1.2% agriculture and the remainder in money.