Total Fund Investment Returns
(as of September 30, 2008)
| Fiscal Year To Date* |
1 Year |
3 Years |
5 Years |
7 Years |
10 Years |
|
|---|---|---|---|---|---|---|
PSRS |
-8.9% |
-14.9% |
2.2% |
5.9% |
5.7% |
5.5% |
PEERS |
-8.9% |
-14.9% |
2.2% |
5.9% |
5.7% |
5.5% |
Policy Benchmark** |
-7.9% |
-14.5% |
2.2% |
5.9% |
5.7% |
5.3% |
Public Fund Median*** |
-8.7% |
-14.6% |
2.9% |
7.1% |
6.4% |
5.7% |
The Board has established a long-term goal to achieve a total investment return of at least 8.0 percent per year and a real rate of return of at least 4.75 percent per year. The real rate of return is the rate by which the long-term total return exceeds the inflation rate. The annualized investment returns for all time periods are less than the long-term investment objective of 8.0 percent reflecting the ongoing credit crisis and resulting market decline experienced in 2008. The ten-year annualized total return of 5.5 percent for PSRS and PEERS exceeds the policy benchmark return of 5.3 percent.
* |
The Retirement Systems’ 2009 Fiscal Year began on July 1, 2008. |
** |
The Policy Benchmark is comprised of 42.0% Russell 3000 Index, 23.5% Lehman Treasury Blend, 18.0% MSCI All Country World ex-U.S. Free Index, 5.0% Lehman U.S. TIPS 1-10 Year Index, 4.0% NCREIF Property Index, 3.5% MSCI All Country World Free Index, 3.0% Absolute Return of 8%, and 1.0% FTSE NAREIT Equity Index. |
*** |
The Public Fund Median reflects the median performance of a Trust Universe Composite Series (TUCS) universe comprised of a number of public pension plans with assets greater than $1.0 billion. |
