Fund Universe Library

-. During the Quarter, DRA Growth and Income Fund VII (15.0% net) and Waterton Residential Property Venture XIV (14.1% net) were the strongest performers. -.

Real Estate Portfolio Performance Review ... SECOND QUARTER 2021 ... - The following slides provide a review of key information pertaining to the Los Angeles City Employees’ Retirement System (“LACERS”) Real Estate Portfolio (the “Portfolio”) through June 30, 2021. A detailed performance report is also provided as Exhibit A. - The System is below its 7.0% target to Real Estate as of quarter-end on a funded and committed basis. The target allocationwasincreased from 5.0%in April 2018. | | Market

LACERS has outperformed over the trailing year, but underperformed over all other periods, mostly due to weak performance of Opportunistic funds.

Teachers’ Retirement System of the State of Illinois ... Actuarial Valuation and Review as of June 30, 2024 ... We are pleased to submit the results of the annual valuation of the assets and liabilities of the Teachers’ Retirement System of the State of Illinois (TRS or System) as of June 30, 2024. This report has been prepared accordance with the funding policy specified under the Illinois Pension Code (40 ILCS 5/16). This valuation takes into account all of the pension benefits to which member

The images that accompany the data in this report are examples of real estate investments owned by TRS on behalf of our 423,504 members. In all, TRS has $7.35 billion invested in real estate all over the world, or 14 percent of the overall $52.8 billion TRS investment portfolio. As the commentary explains, TRS manages a highly diversified portfolio com prised of four general categories in order to protect assets. In other words, not all eggs are in one basket. In managing investments for members

Despite recent challenges to the economy and the investment markets, TRS finances remain stable with the long-term strategic goal of protecting member assets. In keeping with that strategy, the value of the TRS invest ment portfolio remains at record levels, with a total value of $66.3 billion reported at the end of June 2023. ... Due to the System’s low funded ratio – 44.8 percent – the TRS Board of Trustees employs a conservative invest ment strategy to reasonably offset further declines in th

Investment Portfolio Summary Stan Rupnik, Executive Director & Chief Investment Officer, provided the investment manager charts through April 30, 2025. Documentation is on file. ... Investment Performance Report & Pension Trends Becky Gratsinger of RVK, Inc. and Ghiané Jones, Deputy Chief Investment Officer, provided an overview of the final March 31, 2025, investment performance report, including trending pension topics and capital markets. Documentation is on file. The total fund return, net o

Dear TRS Members: We are pleased to present the Annual Financial Report Summary for the Teachers’ Retirement System of the State of Illinois (TRS) for the fiscal year ended June 30, 2024. This report provides critical details regarding the on-going efforts of the System’s trustees and staff to fulfill the TRS mission of delivering expert pension service to Illinois public educators as they earn their promised retirement security. Significant events in fiscal year 2024 • TRS reported a notable in

INVESTMENTS Introduction 62 Investment Summary 63 Asset Allocation/Portfolio Summary 65 Investment Results 67 Securities Lending 69 Brokerage Activity 70 Investment Manager and Custodian Fees 71 Investment Assets Under Management 75 Supplementary Schedules 81 ... MEMBER ASSETS REMAIN SECURE TRS reported a notable increase in its funded status for the year ending June 30, 2024, marking the fourth consecutive year of improvement. The funded ratio, calculated using the actuarial value of assets, ha

THE SURS WAY valued at approximately $24.3 billion while the RSP and DCP were valued at approximately $4.3 billion and $67.4 million

once SURS receives the state contributions that are due for the month, the value of the defined benefit portfolio will reach almost 25 billion

imately $4.3 billion and $67.4 million, ... . During fiscal year 2024 the SURS portfolio returned 8.3%, net of fees, above the long-term 6.5% assumed rate of return but below the return ... for the policy benchmark of 9.0%. However, SURS investment program has a long-term horizon. Portfolio returns, net of fees, are 7.4% over ... the last five years and 6.6% over the last ten years, each exceeding both the long-term assumed rate and the policy benchmark. ... 9.8% equity, 27 ... fixed income, and

Background The State Universities Retirement System is pleased to present its Annual Fiduciary Report. This comprehensive report provides a detailed overview of SURS' commitment to fulfilling its fiduciary duties, managing investments responsibly, and safeguarding the long-term financial security of our members. The mission of SURS is to secure and deliver the benefits promised to its members. SURS is committed to incorporating, where appropriate, the Sustainability Factors outlined in the Illin

The educational session lasted 135 minutes and concluded at 12:55 p.m. “Callan's Real Assets Portfolio Review” are incorporated in these minutes

SURS investment assets held in trust increased ... . Assets in ... Retirement Savings Plan (RSP ... and the Deferred Compensation Plan (D ... ), which are administered by a third ... party and are not included in SURS Statement ... Fiduciary Net Position, are valued at approx imately $4.9 billion and $131.5 million, respectively. During fiscal year 2025, the portfolio returned 6.4%, net of fees, exceeding the policy benchmark return of 6.1% but slightly trailing the 6.5% long term actuarial rate

Townsend Fourth Quarter 2021 Real Estate Performance and Portfolio Review dated May 2022. 8. Townsend Fourth Quarter 2021 Real Assets

3/31/2026 ... 3/31/2026 ... 1,962,842,311 ... 9.24% ... 12.00% ... 1,962,842,311 ... 9.24% ... 12.00% ... +3.6% ... 1,418,910,865 ... 6.68% ... 1,418,910,865 ... 68% ... 24% ... DIFFERENCE

STRS Ohio Response to Benchmark Financial Services (BFS) Report ... Aug. 19, 2021 ... . Disclosure of Investment Costs and Performance ... Retirement System of Ohio ... STRS Ohio ... The purpose of this detailed analysis is to provide evidence which accurately describes the investment and operational practices of STRS Ohio. In short, we will provide facts to support the following, which refute the eight “findings” or allegations contained in the BFS Report: ...  Appropriate oversight exists und

Real Estate $ 8,842,408,532 9.8% $ 8,003,868,760 8.7% 10.0% -1.4 -13.5 ... PORTFOLIO PERFORMANCE REPORT Relative Objective Attainment Historical Fiscal (annualized) Sept. Qtr. 2023 Dec. Qtr. 2023 Mar. Qtr. 2024 Jun. Qtr. 2024 Fiscal YTD Mar. 2024 Trailing 4 Qtrs. Mar. 2024 1 Year 2023 3 Year ‘21-‘23 5 Year ’19-‘23 10 Year ’1 ... -‘23 ... Fixed Income Blended Benchmark1 -2.40% 6.23% -0.43% 3.23% 2.47% -0.35% -3.35% 0.99% 1.80% ... Real Estate STRS Ohio Real Estate3 ... -3.17% -1.63% -3.76% -8.33%

A Message From the Executive Director & Chief Investment Officer On behalf of our Board and staff, I am pleased to present you with this PopularAnnual Financial Report (PAFR) of the New York State Teachers’ Retirement System (NYSTRS) for the fiscal year ended June 30, 2021. This document summarizes the System’s financial position for the 2021 fiscal year. For additional details, see our Comprehensive Annual Financial Report at NYSTRS.org. The System is governed by a 10-member Board of Trustees

7 Board of Trustees 77 Geographical Distribution of the 105 Schedule of Retired Members and 8 Organizational Structure Real Estate Equity Portfolio Beneficiaries Added to and 9 Executive Staff 78 Private Equity Net Asset Value by Removed from the Benefit Payroll 10 Letter of Transmittal Investment Type 106 Independent Actuarial Review 14 President’s Message Private Equity Net Asset Value 15 Summary of Benefits ... 26 – Statements of Changes in 82 Real Estate Debt by Property Type by Service

New York State Teachers’ Retirement System October 30, 2025 Board Meeting Summary of Actions ... • Goldman Sachs Asset Management LP (effective Nov. 12, 2025) Renewed the agreement with Nomura Corporate Research and Asset Management Inc. to manage a portion of the System’s assets as an active U.S. high-yield manager in an account benchmarked to the ICE BofAML U.S. High Yield Constrained Index (HUC0), for one year, effective Nov. 28, 2025. Renewed the agreement with StepStone Group LP to serve as

800-348 ... 7298 ... New York State Teachers’ Retirement System October 31, 2024 Board Meeting Summary of Actions ... Renewed the agreement with Meketa Investment Group Inc. to serve as a secondary real estate consultant, for one year, effective Feb. 1, 2025. Authorized the Executive Director and Chief Investment Officer to implement an internally managed passive international public equities strategy. Accepted the report of Plante Moran on the financial statements of the Retirement System as of

8 ... New York State Teachers’ Retirement System July 30, 2025 Board Meeting Summary of Actions ... Elected Nicholas Smirensky vice president of the Board. Renewed the agreements with the following firms to manage a portion of the System’s assets as global real estate public securities managers benchmarked to the FTSE EPRA/NAREIT Developed Unhedged Index, for one year each: • Heitman LLC (effective Aug. 7, 2025) • Dimensional Fund Advisors LP (effective Sept. 22, 2025) Renewed the agreement with

ano and R ... 6-17 ... Sector Concentration By Asset Class ... Government Real Estate Equity ... Real Estate Debt ... Domestic Equity International Equity Global Equity Private Equity Real Estate Equity High Yield Bonds Global Bonds Real Estate Debt Private Debt Cash Equivalents Domestic Fixed Income %CR to Total Risk ... Observations: Sector contribution to risk is in line with expectations. Information Technology continues to drive an outsized contribution to total risk relative to its weight

Chief Investment Officer On behalf of the Retirement System’s Board and staff, it is my pleasure to issue this Popular Annual Financial Report (PAFR) for the fiscal year ended June 30, 2024. This report summarizes NYSTRS’ financial position for the 2024 fiscal year and corresponds to the Annual Comprehensive Financial Report available at nystrs.org. NYSTRS is governed by a 10-member Board of Trustees, which sets policy and oversees operations consistent with its fiduciary obligations under appli

This report summarizes NYSTRS' financial position for the 2025 fiscal year and corresponds to the Annual. Comprehensive Financial Report available at nystrs.org

Risk - Key Risk Indicators ... | | Domestic Equity International Equity Private Equity Real Estate Equity Global Equity Private Debt Real Estate Debt High Yield Bonds Global Bonds Cash Equivalents Domestic Fixed Income | $ 44,781 $ 19,251 $ 13,610 $ 17,008 $ 4,550 $ 1,577 $ 7,975 $ 1,176 $ 2,706 $ 2,996 $ 16,769 | 33.82% 45.56% 14.54% 16.86% 10.28% 20.96% 12.85% 9.50% 3.44% 4.39% 1.19% 0.92% 6.02% 0.58% 0.89% 0.28% 2.04% 0.21% 2.26% 0.00% 12.67% 0.75% | | 6.62 2.45 3.04 1.38 0.64 0.13 0.08 0.04

The target allocation for real estate equity is 11.0% with a range of 6.0% to 16.0%. The equity real estate portfolio returned negative 3.6%

and the Investment Committee’s charter approved by the ... The assets of the WRS constitute a large majority of the total funds invested by SWIB. These funds are invested globally in both long-term and short-term investments, across a wide range of asset types and classes. Pursuant to the Wisconsin Statutes, WRS assets are divided into two funds: a Core Retirement Investment Trust (the “Core Fund”) and a Variable Retirement Investment Trust (the “Variable Fund”). The Core Fund is a broadly diver

Management Discussion and Analysis The Retirement Funds’ management discussion and analysis of the financial activities for the calendar year ended December 31, 2023 is presented as an introduction to the financial statements. It is meant to assistthe reader in understanding the financial statements by providing an overall review of the financial activities during the year while also comparing several of the current year’s activities and results against the prior year.Overview of Basic Financial

Real estate investments owned by SWIB in limited liability companies are valued by independent appraisers every three years.

$102.8 million, as ... as set forth in ... . Motion: A motion was made by Trustee Palmer and seconded by Trustee Ancel to approve the ... agenda, as presented. The motion passed unanimously ... Performance and Market Updates ... March 3 ... , 2024, included on pages ... 19-36 of the meeting materials. Mr. Fletcher reported that: (i) the Core Trust Fund (CTF) returned 3.49% net of all fees and expenses in Q1 2 ... 24, resulting in excess performance of 59 basis points (bps) for the quarter; ... i

| 3. | Investment Performance and Market Updates A. B. | Board Investment Performance Report, Q3 2024 Callan Quarterly Report | | ... 4. | Annual Presentation on Cost Benchmarking | | | ... ina, Head Economist, Asset & Risk Allocation CIO ... A. Board Investment Performance Report, Q3 2024 B. Callan Quarterly Report as of September 30, 2024 ... Investment Performance Report ... September 30, 2024Executive Summary ... • The Core Trust Fund returned 5.01% net of all fees and expenses in Q

Investment earnings generated by SWIB comprise about 78% of the revenues needed to fund the WRS, reducing the burden on public employers and employees.

| 5. | Investment Performance and Market Updates A. B. | Board Investment Performance Report, Q1 2025 Callan Quarterly Report | | ... . | Quarterly ... Trustee Tinnen, Chair of the Strategic Planning and Corporate Governance Committee, reported that in ... open session meeting the Committee: (i) approved prior ... minutes; (ii) heard a Real Estate ... Strategy Report and Market Outlook presentation from staff and StepStone, SWIB’s real estate strategy ... A. Board Investment Performance Report

The WRS is a risk-sharing defined benefit plan. It is a hybrid model in that it contains elements of a defined benefit plan and a defined contribution plan, like a 401(k). Contributions made to the WRS by state and local government employees, and their employers, are invested by SWIB to finance retirement benefits. SWIB has helped fuel one of the only fully funded pension systems in the U.S. during a time when many public pension plans are struggling with underfunding. Investment earnings genera

Investment Performance ... the meeting materials ... Mr. Fletcher ... Core Trust Fund (“ ... 5.71% net of all ... resulting in excess performance of ... 37 basis points (“bps”) for the quarter; (ii) the CTF returned ... 11.16% net of all fees and expenses for the one year ... , resulting in an excess return of 99 bps; (iii) the CTF five-year net of all fees and expenses return of 9.09% outperformed the Policy Benchmark by 93 bps on an annualized basis; and (iv) the CTF net of external manager

Board Investment Performance Report, Q3 202 ... Greg Fletcher, Performance Director, presented the Investment Performance Report as of September 30, 2025, included on pages 21-36 of the meeting materials. Mr. Fletcher reported that: (i) the ... Investment Performance and Market Updates ... Investment Performance Report, Q4 2025 ... 5 Callan ... Investment Performance Report ... 4Q 2025 Key InsightsInvestment Performance Report Strong Absolute and Relative Performance Continues YTD1 • Quart

B. Board of Retirement Strategic Plan – Quarterly Update Luis A. Lugo, Deputy Chief Executive Officer (Presentation) ... &ZACERA Operations Briefing Report Fiscal Year 2024-2025 April 2, 2025 ... Operations Briefing Report April 2, 2025 ... The Operations Briefing Report includes a Project Status Dashboard presenting a quick at-a-glance view of each project’s status. The Dashboard is broken up into three color coded sections: New projects or projects with updates are reflected in purple and acti

D. Monthly Trustee Travel & Education Reports – July 2024; Quarterly Trustee Travel & Education Reports - 4th Quarter Fiscal Year 2024; Quarterly Staff Travel & Education Reports - 4th Quarter Fiscal Year 2024 ... (For Information Only) ... This item was received and filed. C. LACERA Property and Liability Insurance Renewal Summary Update James C. Beasley, Jr., Supervising Administrative Assistant II (For Information Only) (Memo dated July 1, 2024) ... received and filed. ... (For Information ..

1937 ... submit the Comprehensive Annual Financial Report of the Los Angeles County Employees Retirement Association (LACERA) for the year ended June 30, 1989. The ... report contains financial statements that have been· prepared in accordance with generally accepted accounting standards and reporting guidelines prescribed for governmental entities and provides for a comprehensive overview of LACERA's ... financial position and operating result. These statements have been audited by Ernst & Youn

REPORTS ... B. 2023 Legal Transactions Year End Report Christine Roseland, Senior Staff Counsel John Harrington, Senior Staff Counsel ... (For Information Only) ... 024) ... Each Trustee, ... Board of Investments ... Officer SUBJECT: CHIEF EXECUTIVE OFFICER’S REPORT – JULY 2024 The following Chief Executive Officer’s Report highlights key operational and ... administrative activities that have taken place during ... Recruitment Updates LAC ... continues to prioritize ... hiring efforts and m

(For Information Only) ( ... dated May 2 ... , 202 ... ) G. Monthly Trustee Travel & Education Report – April 2025 Fiscal Year 2024-2025 3rd Quarter Trustee Travel & Education Expenditure Report Fiscal Year 2024-2025 3rd Quarter Staff Travel Expenditure Report ... F. 2025 Quarterly Reports of Paid Invoices – 3rd Quarter Tamara Caldwell, Division Manager, Disability Retirement Services (For Information Only) (Memo dated April 15, 2025 – Attachment is Non-Public and Exempt from Disclosure as Priva

REPORTS A. Presentation on FPPC Form 700 e-Filing for ... Mid-Year ... F. 2023 Quarterly Reports of Paid Invoices ... External Recruitments The Senior Investment Officer (Real Estate) and Finance Analyst III (Corporate Governance) recruitments have been posted with the assistance of EFL Associates. The recruitment brochures for the following positions in the Legal Office continue to be open, with interviews being held as qualified candidates are identified:  Senior Staff Counsel (Investment

F. 2023 Quarterly Reports of Paid Invoices ... 4, ... 23) ... LACERA has contracted with EFL Associates (EFL) to assist with the Senior Investment Officer (Real Estate) and Finance Analyst III (Corporate Governance and Real Estate) recruitments. Candidates are still under review for the Finance Analyst III vacant position in the Credit and Risk Mitigation Section. July 25, 2023 Page 3 ... /30/ ... 8.6