Total Fund Investment Returns
As of March 31, 2009
Fiscal Year To Date* |
1 Year |
3 Years |
5 Years |
7 Years |
10 Years |
|
|---|---|---|---|---|---|---|
PSRS |
-25.4% |
-26.1% |
-6.4% |
-0.2% |
1.8% |
2.2% |
PEERS |
-25.0% |
-25.6% |
-6.2% |
-0.1% |
1.9% |
2.3% |
Policy Benchmark** |
-26.1% |
-27.0% |
-6.8% |
-0.7% |
1.5% |
1.8% |
Public Fund Median*** |
-26.3% |
-26.5% |
-6.2% |
0.3% |
2.1% |
2.3% |
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 significantly less than the long-term investment objective of 8.0 percent due to the severe credit crisis and resulting market decline experienced during 2008, and continuing into the first quarter of 2009. The ten-year annualized total returns of 2.2 percent for PSRS and 2.3 percent for PEERS exceed the policy benchmark return of 1.8 percent.
* |
The Retirement Systems’ 2009 Fiscal Year began on July 1, 2008. |
** |
The Policy Benchmark is comprised of 43.0% Russell 3000 Index, 20.0% Barclays Capital Treasury Blend, 17.5% MSCI All Country World ex-U.S. Free Index, 7.0% Absolute Return of 8%, 6.0% NCREIF Property Index, 5.0% Barclays Capital U.S. TIPS 1-10 Year Index and 1.5% 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. |
