Fund Universe Library

Experience from July 1, 2023 through June 30, 2024 (FY 2024) With respect to investment experience, measured on a market value of assets (MVA) basis, MainePERS experienced an investment return of positive 7.43% for the fiscal year ending June 30, 2024. This is more than the assumed rate of return of 6.50%. However, given the three year asset smoothing method in place, only one-third of that gain is recognized in this valuation ... on an actuarial value of assets (AVA) basis. Furthermore, the ass

Real Estate was the weakest, down ... nearly 7% for the year but still far outpacing the benchmark and peers. • ... expanded an annualized ... III. Performance Review and Market Summary Real Estate Mr. Schlitzer summarized Real Estate performance. The portfolio’s net asset value ended the quarter at $10.1 billion, equating to 9.6% of the PRIT fund. Total Real Estate returned -6.2% for the one-year period, resulting in benchmark outperformance of approximately 453 basis points. The private port

Investing in Leicestershire Programme – 2025/26 Q1 Update Forecast Net Income FY Since Inception IRR 4 Opening Capital Value 1 ... In year forecast net income return % 3 ... Q1 25/26/25 Capital valuation 2 Change in valuation Capital Incurred (returned) 2025/26 ... | | Development | | | | | | 42,133 | | | 2,005 | -2,005 | | 42,133 | | | -106 | | | -178 | | | | -178 | | | 0 | -0.4% | | | | | ... | | Rural | | | | | | 95,888 | | | | 0 | 0 | 95,888 | | | | 5 | | | 201 | | | | 201 | | 0 | | 0.2%

Educational Employees’ Supplementary Retirement System of Fairfax County (ERFC) ... The FY 2024 ending balance for the Educational Employees’ Retirement System of Fairfax County (ERFC) Fund is $3.2 billion, a $102.0 million decrease from the FY 2024 Revised Budget. FY 2024 combined receipts total $351.4 million, a $108.0 million decrease from the FY 2024 Revised Budget due to lower investment returns of $173.4 million. Employee and employer contributions total $178.1 million, a $0.2 million decr

Aviva 7.50 5.60 Real Estate Long Income ... 10.00 6.31 Infrastructure Net return of 8% per annum ... Real Estate Long Income 6% ... | | | | | | 6% | | | | | | | | ... --- | --- | ... | | | | | Property | | | Infrastructure | Pooled UK Equity Unit | | | | | ... | | | | | ... | | | | | ... Pooled UK Equity Unit Trusts Pooled Overseas Equity Unit Trusts Pooled Low Carbon Equity Fund Pooled Global Equity Pooled Emerging Markets Equity Fund Pooled Index Linked Gilts Buy & Maintain Bonds Multi-Asset C

Portfolio and Manager Review ... Asset Allocation - Watertown Retirement System As of June 30, 2020 ... | | Total Fixed Income Asset Allocation Wellington Opportunistic Investment Allocation PineBridge Global Dynamic Asset Allocation Total Asset Allocation Domestic Equity PRIT Domestic Equity Columbia U.S. Contrarian Core Equity Private Fund Lee Munder Mid Cap Core Collective Fund Wellington Small Cap 2000 Portfolio Total Domestic Equity International Equity EARNEST Partners International Eq

’s Discussion and Analysis of ... ) provides an ... , ... Investment asset allocation for 2024 and 2023 was 30% of assets invested in domestic equity, 26% in international equity, 12% in real estate, 7% in infrastructure, 10% in private equity, and 15% in fixed income. During 2024 and 2023, the Plan’s investment asset allocation stayed within its target asset allocation ranges. Investment Returns (Calendar Year Gross of Fees Performance Basis) Years Ended December 31, 2024, 2023, and 2022 2024 2

DATE: NOVEMBER 20, 2025 ITEM: D.5 FROM: JOSEPH SALAZAR, GENERAL MANAGER SUBJECT: CHIEF INVESTMENT OFFICER’S QUARTERLY REPORT OF INVESTMENT ACTIVITY AND POSSIBLE BOARD ACTION RECOMMENDATION That the Board approve the actual asset allocation of the Fund and Staff’s plans for bringing asset classes currently outside of their target allocation ranges back within their allocation ranges. ... As shown in the table above and in Attachment I, Domestic Large Cap Equity, Small Cap Equity, International De

I am pleased to present this report on the Police Board’s operations during 2025. As you will see in the following pages, the Police Board continued to further the values of impartiality and transparency in Chicago’s police-accountability system. Before turning to sections on the Board’s work in a variety of areas, I want to highlight the following noteworthy developments from the past year. ... Vice President of Real Estate, ... The Chicago TREND Corporation ... 25, ... Police Board charges aga

As required by ss. 13.94 (1) (df) and 25.17 (51), Wis. Stats., we have completed an audit of the financial statements of the Core Retirement Investment Trust Fund (Core Fund) and the Variable Retirement Investment Trust Fund (Variable Fund) administered by the State of Wisconsin Investment Board (SWIB) as of and for the year ended December 31, 2025. SWIB invests the assets of the Wisconsin Retirement System through the Core Fund and Variable Fund, and together these funds are known as the Retire

SWOLF HSAC RAEY-01  The table below displays the since-inception performance of active (non-liquidated) ... managed by diverse-owned and diverse led investment management firms in ... PA SERS real estate ... Data as of June 30, 2024. NEPC ... diverse-owned” as a ... ’s at ... 50% ... by an under-represented ... ” as a ... ’s 33% to 50% owned by an under-represented group. The ... listed on this page are ... which NEPC has identified as ... -owned or diverse-led as of June 30, 2024. Therefore, i

Since the enactment of the Oklahoma State Government Asset Reduction and Cost Savings Program in 2011, the Office of Management and Enterprise Services has published an annual report of all property owned or leased by the State of Oklahoma. All agencies, boards, commissions ... and public trusts with the state as a beneficiary (ABCs) are surveyed annually to capture changes, corrections and additional data on all property owned or ... by the State of Oklahoma ... This report captures information

With respect to investment experience, measured on a market value of assets (MVA) basis, MainePERS experienced an investment return of positive 7.43% for the fiscal year ending June 30, 2024. This is more than the assumed rate of return assumption of 6.50%. However, given the three-year asset smoothing method in place, only one-third of that gain is recognized in this valuation on an actuarial value of assets (AVA) basis. Furthermore for this Program, asset smoothing also resulted in recognizing

Teachers' Retirement System of Oklahoma IC Materials Fourth Quarter 2025 ... Fourth Quarter 2025 Y ... Total Fund Total Plan Asset Summary ... Net Additions / Withdrawals Investment Earnings 12/31/2025 Market Value ... 5 Market Value ... Target Allocation (%) Total Fund 26,494 100.0 100.0 Total U.S. Equities Composite 9,664 36.5 32.4 Total International Equities Composite 4,607 17.4 14.1 Total Fixed Income Composite 7,541 28.5 25.0 Total Real Estate Composite 1,841 6.9 8.0 Total Infrastructure C

It is pleasing to see that 75% of the assets have now been pooled. Although no new sub funds were launched in 2024/25, further funds were invested in the pool and we are excited to see the launch of the Real Estate Investment programme, due in 2025/26, which will see the percentage increase further. The Real Estate programme will conclude the current Private Markets offerings and during 2025/26, the WPP will host the first WPP Private Markets manager day in Cardiff. Equity and Fixed Income manag

10 ... 16 ... 18 ... 1 13 ... 84 1 ... 7.14 14.93 7. ... 10 ... 28 10.13 7.92Developed Markets Equity 10,848,946 3.71 3.81 22.18 13.17 17.60 10.00 7.15 MSCI EAFE Index (Net) 4.26 5.06 22.79 13.87 17.04 10.15 6.33Emerging Markets Equity 4,666,816 3.49 11.59 21.12 18.85 10.78 2.86 3.98 MSCI Emerging Markets Index (Gross) 1.47 9.87 19.63 17.66 11.39 5.69 5.19Total Fixed Income 16,364,079 1.23 2.66 5.12 3.83 4.57 1.01 3.05Taxable Investment Grade 15,202,398 1.25 2.64 5.06 3.52 3.25 -.40 BBARC Interm

Welcome to the ... ’s annual report for the financial ... Annual Report has been produced to provide ... , scheme members, elected members and ... interested parties with information concerning the ... for financial year 2024/2025 and we hope you find its content useful ... Asset Allocation The main determinant of the Fund’s long-term performance is the strategic allocation of assets. The following table shows the Fund’s actual asset allocation against its target strategic allocation at 31.03.25

PORTFOLIO – TOTAL REAL ESTATE ... Policy Target Allocation: 10% of Total Fund Allocation Range: 4% - 16% of Total Fund Allocation 9/30/2023: 11.6% ... Allocation 2/23/2024 : 9.8% ... REAL ESTATE PORTFOLIO AS OF 09/30/2023 ... PORTFOLIO INVESTMENTS ... PORTFOLIO RETURNS ... 09/3 ... PORTFOLIO RETURNS ... PORTFOLIO GEOGRAPHY ... Real Estate Performance ... SBAF Real Estate Program Update ... Townsend Group. All ... is comprised of manager ... by The Townsend Group as of 9/30 ... 23. ... Real Estat

Investment Report December 31, 2025 ... Investment Report As of December 31, 2025 ... Howard County, Maryland invests public funds in a manner that will conform to all State of Maryland and County statutes governing the investment of public funds while meeting its daily cash flow demands and providing a return that most closely matches the three-month Treasury bill yield. ... Summary of Portfolio Composition: ... CURRENT MONTH PRIOR MONTH General Fund $1,113,180,818 $933,971,447 ... All Othe

STATE UNIVERSITIES RETIREMENT SYSTEM ... Financial Audit For the Year Ended June 30, 2025 ... This digest covers the financial statement audit of the State Universities Retirement System (System) as of and for the year ended June 30, 2025. ... STATE UNIVERSITIES RETIREMENT SYSTEM FINANCIAL AUDIT For the Year Ended June 30, 2025 ... Net appreciation in fair market value ... ... Interest ... 225,455,0 ... 7 212,484, ... 23 Dividends ... 324,086,773 286,7 ... 7,571 Securities lending ... 8

e The Detroit General Retirement System ... e The Detroit Police & Fire Retirement System ... Pursuant to Emergency Manager Order No. 8 (EMO8), the Auditor General (AG) and the Inspector General (IG) conducted a joint investigation into the City’s pension and health care benefits offered to employees and retirees. The scope of this investigation was an independent review of the City’s administration of employee benefits during the ... period of July ... 1, 2011 through March 31, 2013. ... Pensio

Real Estate and Property Taxes:  The County’s median price for a single family home increased from $890,000 in FY 2023-24 to $941,000 in FY 2024-25. This is a 5.7% increase from the prior year. The local real estate market remains competitive, and home prices continue to trend upwards.  Discretionary property tax receipts were $176.5 million in FY 2024-25, an increase of 4.2% over the prior year. ...  The total tax levy on secured property, which excludes unsecured property, direct charges, a

ACTUARIAL REVIEW OF THE SEPTEMBER 30, 2024 ACTUARIAL VALUATION REPORT ... In accordance with La. R.S. 11:127(C) and 24:513(C)(1), the Louisiana Legislative Auditor has conducted an Actuarial Review for the Parochial Employees’ Retirement System of Louisiana (PERS or System). ... The following presents the results of our Actuarial Review of PERS’ December 31, 2024 Actuarial Valuation, prepared by Curran Actuarial Consulting, Ltd. and dated June 9, 2025. In doing so, we have reviewed certain a

9,3 ... 6 21,075,626,579 RETIREMENT FUND PORTFOLIO PERFORMANCE (Fiscal Year Ended June 30, 2024) ... Asset Class vs. Benchmarks 1YR 3YR 5YR (%) (%) (%) Total Retirement Fund 10.01 3.92 8.09 Policy Benchmark 12.62 4.09 7.90 Domestic Equity 24.58 7.78 14.15 Russell 3000 23.13 8.05 14.14 International Equity 12.81 0.48 6.66 MSCI ACWI ex US-IMI ND 11.57 0.19 5.62 Global Equity 1 15.21 7.68 ---- MS AC Wld Idx IMI Nt 18.40 4.70 ---- ... Fixed Income 6.25 -0.41 1.55 Fixed Income Blend 5.58 -1.09 0.92 .

Real Estate Portfolio – December 31, 2022 ... Performance numbers in this presentation are based on quarterly data collected from CTPF investment managers and calculated by Callan beginning in the fourth quarter of 2015 and in prior periods by the previous consultant. Manager ... Total Private Real Estate $1,638,053 $1,783,121 $109,811 $1,908,776 $1,385,786 100% 11.8% 1.07x 0.76x 1.83x ... Total Real Estate Portfolio $1,638,053 $3,560,346 $109,811 $4,144,623 $1,385,786 14.8% 1.16x 0.38x 1.55x

Annual Program Review As of Quarter Ending on March 31, 2024 Sarah Corr, Managing Investment Director Real Assets June 10, 2024 Contents ... Program Overview Market Environment Portfolio Performance and Risk Analysis Key Initiatives ... • Provide stable and predictable cash yield, diversification of equity risk, and inflation protection • Returns predominantly derived from income • Real Estate provides stable cash yield under long term ... with good credit tenants • Infrastructure focus

As of December 31, 2024 ... The table below displays trailing time period performance for the Pennsylvania State Employees’ Retirement System (“PA SERS”) Real Estate Portfolio as of December 31, 2024 along with select benchmarks ... ‒ The NCREIF Property Index, a benchmark of unlevered core real estate returns ‒ The C|A Non-Core Real Estate benchmark consists of non-core (value-add and opportunistic) closed-end real estate funds  The total real estate portfolio has generated a total net r

Executive Summary as of December 31, 20 ... as of December 3 ... , 2025 ... Disclaimer, Glossary, and Notes ... Page 2 ... Executive Summary as of December 31, 2025 ... Portfolio Preliminary Performance Highlights1 ... Performance Update as of December 31, 2025 ... | 12.0% | | 12.2% | | ¢£ Real Estate | 76,414,117 | | | 5.4 | | | 6.0 | | | -0.6 | | 4.0 - 8.0 | | | Yes | | ... | 6.0% | | 5.5% | | ¢£ Real Assets | 73,980,010 | | | 5.2 | | | 5.0 | | | 0.2 | | 3.0 - 7.0 | | | Yes

Overview of Fiscal Year 2025 The Comptroller of the City of New York serves as the investment advisor, the custodian, and a trustee for the five New York City public pension systems. The Comptroller works with the trustees of the systems to manage pension fund assets, valued at $294.6 billion as of June 30, 2025, ensuring the retirement security of more than 750,000 dedicated public servants—New York City’s current and retired teachers, firefighters, police officers, clerical workers, health car

This narrative discussion and analysis of the New York City Fire Pension Funds’ (“FIRE,” “Funds” or the “Plan”) financial performance provides an overview of the Funds’ combining financial activities for the Fiscal Years ended June 30, 2025 and 2024. It is meant to assist the reader in understanding the Funds’ combining financial statements by providing an overall review of the combining financial activities during the years and the effects of significant changes, as well as a comparison with th

E. Private Equity Strategic Plan. F. Real Assets Strategic Plan. G. Responsible Investing/Systemic Risk Strategic Update. H. Future of HiTIP Strategic Update. ... AND (3) AND HRS §92-5(a)(4), WITH RESPECT TO REAL ASSETS STRATEGIC PLAN ... Chair Kane announced that while in Executive Session, the Board discussed the following Updates: Total Fund Strategic Update; Global Credit Strategic Plan with Meketa Investment Group Inc.’s (Meketa) Tad Fergusson and Colin Bebee; Private Equity Strategic Plan

INVESTMENTS SJCERA’s diversified strategic asset allocation is designed to achieve SJCERA’s long-term objectives. For the year ended December 31, 2024, the total fund generated a gross of fees return of 8.9%, above the assumed rate of return of 6.75%. SJCERA’s multi-year annualized net returns of 3.6, 6.7 and 6.4%, for the three-, five- and ten-year periods respectively. As of December 31, 2024, the plan assets were approximately $4.7 billion. More information about SJCERA’s investments is inclu

Actual Percentage Domestic equities 53% 55.9% International equities 15 18.1 Fixed income instruments 26 25.9 Real estate 6 0.1 ... Real estate investments ... In August 2003, the Board approved the allocation of 6 percent of total assets in real estate investments. In order to diversify its investment, the Board plans to invest in Core and non-Core real estate. Core real estate is high-quality property that is substantially leased and produces a generally stable stream of income. These ar

Performance Review and Market Summary Real Estate Mr. Schlitzer summarized Real Estate performance. The portfolio’s net asset value ended the quarter at $10.1 billion, equating to 9.6% of the PRIT fund. Total Real Estate returned -6.2% for the one-year period, resulting in benchmark outperformance of approximately 453 basis points. The private portfolio returned -7.2%, outperforming the benchmark by 479 basis points. PRIM’s REIT portfolio outperformed the benchmark by 46 basis points, provi

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Monthly Performance Review ... October 2025 ... Prepared for the New York City Employees’ Retirement System 12.2025 ... ................................................................................ ... ...............................6 ... 2025 ... …..……………………………………………………16 ... Real Estate Fund Supplemental Details...............................................................................................................................58 ... Real Estate Cash Flow Tracker

Other private asset classes, including real estate, infrastructure, and natural resources (INR), and private ... credit, comprise just over 14 percent of total assets. Real estate generated a return of -4.80 percent yet ... outperformed its benchmark of -12.00 percent. INR and private credit each underperformed their ... benchmarks, at 4.11 percent vs. 7.60 percent for INR and 11.17 percent vs. 14.15 percent for private credit, ... Real Estate Fund (REF) 3,575,965,077 6.24% ... Real Estate Fund

Program Inception 2003 HL Relationship Inception 2 ... 07 Client Mandate Real Estate/Natural Resources Plan Size $17,660,113,311 Target Allocation RE: 8.0% / NR: 5.0% Current Allocation RE: 9.3% / NR: 8.1% PME Benchmark NCREIF Property Index/ CPI-U + 4% Client Reporting Currency USD ... | In $ millions | 4Q23 | 4Q24 | Change | | --- | --- | --- | --- | | Active Investments | 80 | 86 | 6 | | Exited Investments | 13 | 13 | - | | Active GPs | 32 | 35 | 3 | | Commitment | $4,862.9 | $5,186.9 | $324.

The real estate investment landscape in 2024 was marked by cautious optimism amid persistent macroeconomic uncertainty and evolving sector dynamics. Investor sentiment remained subdued yet hopeful, as attention focused on the potential for rate cuts in 2025. ... Real Estate ... The FIRST Fund portfolio was intentionally designed with a phased deployment strategy, starting with a foundation of core and core-plus real estate investments and gradually shifting toward a greater emphasis on val

MARCH 31, 2025 ... Mike Manning, CFA, CAIA, ... Mike Sullivan, Partner ... FINAL MONTHLY GROSS PERFORMANCE REPORT BOSTON RETIREMENT SYSTEM ... Allocation Market Value ($) % of Portfolio Policy(%) ... Inception Date Total Fund 7,328,563,228 100.0 100.0 -1.3 0.7 4.9 4.4 10.0 6.6 7.6 Aug-94 ... PRIT Core Fund/ ... * 2,578,721,923 -1.5 0.3 6.0 3.7 10.3 7.7 9.0 Jul- ... TOTAL FUND PERFORMANCE DETAIL (GROSS) ... - The Total Fund value does not include PRIT Core Fund/Teachers. - Mesirow S

Real Estate 2012 416.0 95.1 358.1 227.6 233.3 1.29 9.5 1.8 ... Real Assets 2016 283.2 117.2 180.2 74.5 157.1 1.29 10.9 2.3 ... As of December 31, 2024, the San Jose Police and Fire Department Retirement Plan had committed $862.0 million to 29 debt partnerships. The reported fair value of the aggregate Private Debt Program was $223.5 million at December 31, 2024, which equates to 4.2% of the overall Retirement Plan, slightly below the 5.0% policy target. ... | | Program Status | | Performance Sin

Performance Review and Market Summary Real Estate Mr. Schlitzer summarized Real Estate performance. Real Estate represented 9.1% of the PRIT fund at quarter end, below the allocation mid-point of 10%, but down slightly from fiscal year end, a result of strong equity markets. He focused on the one-year numbers, telling the Committee that Total Real Estate was down almost 5% for the year, with negative absolute performance primarily being driven by increases in the market cost of capital as w

SBA Major Mandate Performance — September 2024 ... SBA Major Mandate Performance vs Benchmark — September 2024 ... Real Estate 18,873 35% 97% ... Policy Benchmark -0.59 -8. oe 0.70% ... +/-Benchmark] | 0.76%| 2.95%] 1.27% ... Attribution to Total Fund+/-Benchmark] ___| 0.08%] 0.21%] 0.12%