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3 Introduction 3 Statement of the Chair of the Pensions Committee 5 Statement of the Chair of the Local Pensions Board 7 Statement of the Executive Director 9 Management and Financial Performance 13 Governance Arrangements - Scheme Management and Governance - Conflicts of Interest - Officers of the Fund - Knowledge and Skills - Governing Body Training 2024/25 - Internal Audit 21 Risk Management and Assurance 26 Operations and Pensions Services 32 Our Communications 34 Our People 38 Management &

SPF Annual Report & Financial Statements for the year ended 31 March 2023 4. SPFO Hospitality Register – year to 31st March 2023 5. Direct Impact Portfolio – Investment Proposals -Par Equity Northern Scale up Fund ... 3. SPF Annual Report & Financial Statements for the year ended 31 March 2023 ... 4. SPFO Hospitality Register – year to 31st March 2023 5. Direct Impact Portfolio – Investment Proposals -Par Equity Northern ... | Actuarial Valuation | Completion of actuarial…

9.1 WPP aims to be aware of, and monitor, financially material ESG-related risks and issues within WPP assets. In consultation with Constituent Authorities, Advisers and the Investment Managers, WPP will develop appropriate monitoring metrics for existing portfolios and agree appropriate metrics in respect of all new portfolios. Such metrics are expected to include climate-related risk exposures. WPP will require managers to include such metrics in their quarterly reporting to Constituent…

Whilst it is important to recognise the achievements of the last 12 months our focus has already shifted to the 12 months ahead. During 2020/2021 we plan to launch the WPP’s Fixed Income and Emerging Markets sub funds and will be continuing to develop the WPP’s Private Market offerings, which will include real estate, infrastructure and social impact investments. ... Investments and Performance ... 020 ... Constituent Authorities ... are effectively within the Pool but are held by

10.1 WPP aims to be aware of, and monitor, financially material ESG-related risks and issues within WPP assets. In consultation with Constituent Authorities, Advisers and Investment Managers, WPP has developed appropriate monitoring metrics for existing portfolios and will continue to agree appropriate metrics in respect of all new portfolios. Such metrics include climate-related risk exposures. WPP will require Investment Managers to include such metrics in their quarterly reporting to…

over the last twelve months with detailed RI and Climate Risk ... for each of the W ... ’s Sub- ... quarterly progress reports being received from Robeco. ... Investments and Performance ... The investment performance of the existing sub-funds was particularly pleasing over the year, see table below ... The Officers Working Group receives quarterly, six monthly and annual performance reports. The Group reviews and challenges the performance of Investment Managers on behalf of the WPP. The…

Investments and Performance ... Investment Performance WPP 12-month performance to the 31 March 2022 (Net of Fees) ... is the priority ... The Officers Working Group receives quarterly, six monthly and annual performance reports. The Group reviews and challenges the performance of Investment Managers on behalf of the WPP. The WPP hosts regular manager engagement days, which are used to challenge managers and to facilitate engagement with Constituent Authority Pension Committee and Board…

Monitoring and reporting 31 WPP monitors exposure to climate-related risks and opportunities within its Sub-Funds on a quarterly basis. The metrics monitored include, but are not limited to, holdings with exposure to fossil-fuel reserves, carbon emissions and carbon intensity, and exposure to climate solutions. WPP will monitor changes in market practice to ensure that WPP is fully aware of changing best practice. WPP will develop further monitoring of asset transition alignment. 32 In…

In relation to Real Estate, procurements were launched in November 2023 to identify partners to address the Constituent Authorities requirements across Core UK property, Global property, and local investments in Wales. These procurements presented an interesting challenge given the substantial existing investments constituent Authorities hold in this asset class. Appointments are due to be confirmed in August 2024. ... The establishment of these private market investment programmes, along with t

by the Task Force on Climate-Related Financial Disclosure (TCFD ... One of the ongoing roles of the Oversight Advisor is in assessing the management of the Sub-Funds and testing the processes that are being employed. In undertaking this exercise, Hymans Robertson undertakes an independent assessment of each portfolio, highlighting aggregate and individual areas of risk to the RISG. Each Sub Fund is reviewed on an annual basis, with at least one report provided on at least one Sub-Fund each…

Private Market offerings continue to evolve, with the launch of the Private Equity Investment programme in September 2023. With regards to Real Estate, Schroders and CBRE have since been appointed as the Private Real Estate Investment Managers, a core asset class for the eight Welsh Constituent Authorities and these investment programmes are due to launch in 2024/25. I am proud of the progress that has been made again this year with the pool having increased its proportion of pooled assets to c7

Agenda Item 4c, Attachment 1, Page 1 of 11 CalPERS Trust Level Quarterly Update - Performance & Risk Public Employees' Retirement Fund (PERF) As of June 30, 2022 Asset Allocation Ending Current Asset Allocation Policy Target Policy ... Value (bil) (%) Weight(%) Variance(%) Policy Range Public Equity' $ ... 5.2 44.4% 50.0% (5.6%) ±7% ... Income' $ 117.6 26.7% 28.0% (1.3%) ±6% Real Assets' $ 69.6 15.8% 13.0% 2.8% ±5 ... .6 10 ... .0% 100.0% ... 0.2 ... PERF Plus TAP $ 439.8 Performance Summary 5-Y

pleased to report that the Short- ... Investment Fund (ST ... or the Fund) outperformed similar ... for both the quarter and ... 30, ... average annualized yield of 4 ... iMoneyNet benchmark* by ... additional $7.5 million ... interest earnings for ... The U ... S. economy ... gross domestic product ... PORTFOLIO CHARACTERISTICS AT JUNE 30, 2025 ... Deposit instruments and repurchase agreements collateralized by treasury and agency securities represented the Fund’s largest investment…

Aggregate Plan Overview ... The value of the City of San Jose Police & Fire Department Retirement Plan’s assets on December 31, 2024 ... was $5.3 billion, compared to $5.4 billion at the end of the prior quarter. The Plan had net cash outflows of $60.0 million and investment losses of $38.0 million during the quarter. During the year, the Plan had $418.2 million in investment gains. ... → The Retirement Plan’s net of fees performance for the quarter was -0.6%, compared to the Policy Benchmark…

State of Rhode ... and J.P. Morgan is the investment custodian of the defined contribution plan. The annual time-weighted return (net of fees) on the portfolio for the one-year, three-year, and five-year periods ended June 30, 2017 were 11.62%, 4.41%, and 7.80%, respectively. A discussion regarding annualized returns ... and related benchmark indices for fiscal year 2017 is explained in the MD&A. A more detailed exhibit of investment policies and investment performance for ERSRI are in the…

Real Assets and Risk Mitigation Strategies delivered positive performance. ... 202 ... Target % ... 030 Non ... .95 ... 3.0 ... 2.01 ... %, High Yield ... .23 ... Asset classes which ... included U. ... 2%, Real Estate by 1.63%, ... -U. ... near-to ... flow at lower ... has the potential to deliver a more positive longer-term outcome for investors. PRIVATE CREDIT ... Cambridge Associates Private Credit Index ... and was up +5 ... 04% ... challenges as public fixed income markets across public…

| Real Estate | | | | 7.5-17.5% | | | 12.5% | | | | $ 10,835,224 | | | 11.2% | | 19.07 | | | 19.07 | | | 10.56 | | | | | 9.45 | | | 9.09 | | | 9.28 | | | 9.17 | | | 10.46 | | | ... | Real Assets | | | | 2.5-10.0% | | | | 7.5% | | | $ | 6,203,882 | | 6.4% | | 19.01 | | | 19.01 | | | | 8.01 | | | | 4.69 | | | 4.75 | | | 5.46 | | | 3.94 | | | | 3.36 | | ... Asset Class Benchmarks: ... 18.22 18.22 17.23 20.20 11.79 14.12 10.81 11.84 ... +30 ... BPS QTR LAG 35.74 35.74 26.79 19.44 19.84 20.31 17.32 2

Town of Greenwich Retirement System Portfolio Snapshot – September 30, 2023 Neuberger Berman Trust Company N.A. ... THE RETIREMENT SYSTEM OF THE TOWN OF GREENWICH REPORT AS OF: September 30, 2023See reporting footnotes/endnotes at end of this material. This supplemental report is provided for informational purposes only; please refer to your account statement or other statement provided by your custodian for the official records of your account(s). Investing entails risks, including possible…

ANNUAL REPORT 202 ... This document is the fourth annual report on physical development under the University of Washington’s Seattle Campus Master Plan as approved by the Seattle City Council in February 2019. The report is structured to respond to reporting requirements found in the City University Agreement (Ordinance 121193), the ordinance approving the Campus Master Plan (Ordinance 125733), and the Conditions of Approval attached to that ordinance. This report covers January through…

Investment Results. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44 ... Schedule of Comparative Investment Results by Year 45 Schedule of Comparative Annualized Investment Results 46 Domestic Equity 47 International Equity 48 Fixed Income 49 Private Markets 50 Real Assets 50 ... Management’s Discussion and Analysis This discussion and analysis of the Arkansas Public Employees' Retirement System (APERS or “the…

Schedule of Revenues and Expenditures - Budget and Actual (Non-GAAP Budgetary Basis): ... ... 168 ... Notes to the Required Supplementary Information ... 170 Schedule of Investment Returns - Employees, Fire and Police Retirement Systems ... 173 ... Schedule of Changes in Net Pension Liability (Asset) and Related Ratios: Fire and Police Retirement Systems ... 174 Employees Retirement Systems ... 176 CITY OF FRESNO | ANNUAL COMPREHENSIVE FINANCIAL REPORT FISCAL YEAR ENDED JUNE 30, 2024 REQUIRED…

Investment Performance ... As indicated above, the asset value of the Fund at the end of the 2023/24 financial year was £5.914 billion. This represented an investment return of 11.3% net of fees, compared with the Fund’s internally set strategic benchmark target of +12.7%. ... The Fund’s strategic benchmark is set as an average of the benchmarks for each of the investment portfolios, weighted according to the Fund’s strategic asset allocation targets. The active equity portfolios all…

Defined Benefit 529 Program ... 2025 Actuarial Valuation Report ... A. Summary of Key Valuation Results ... Actuarial Valuation as of: June 30, 2024 June 30, 2025 $millions $millions ... Program Assets Invested Assets at Fair Market Value Present Value of Projected Installment Payments* Total Assets $2,456.7 52.7 $2,509.4 $2,542.4 40.0 $2,582.4 Program Obligations Present Value of Projected Future Benefits Present Value of Future Administrative Expenses Total Liability for…

84 Real Estate ... 85 Real Return ... CERS this year made significant strides in improving its asset base, reducing its unfunded liability, and addressing unpaid invoices for employer contributions. Pension investments returned 11.7% in FY 2024, net of fees, while insurance investments earned 11.8%. All four ... pension and insurance portfolios returned significantly more than their 6.5% actuarial assumed rate of return ... and also surpassed the median return of 10.5% reported by the Wilshire T

Investments Our steadfast dedication to trustworthiness and transparency shapes our approach to challenges, activities and strategies. These values are crucial as investment markets continue to be increasingly complex and challenging. Since investment returns provide approximately two-thirds of the funding for a retiree’s ultimate pension, market volatility necessitates our adherence to the proven principles of asset allocation and diversification, both of which are regularly reviewed, to…

Investments (continued) For the year ended December 31, 2024, the SCERA investment portfolio experienced a fair value investment rate-of ... return of 10.94% compared to a return of 13.63% for the year ended December 31, 2023. The SCERA fund annualized ... rates of return over the last 3, 5, 10 and 20-year periods, were 5.50%, 8.33%, 8.19%, and 7.47%, respectively. ... Equities, Fixed Income, Real Estate, Infrastructure and Farmland, we heard about legislation impacting pension funds ... as of D

Launching the final investment pooling vehicle – a Real Estate fund; Implementing its updated portfolio management system; On-boarded new clients in the form of Berkshire Pension Fund, and GLIL; Implemented a programme of compliance and governance enhancements including the appointment of a new non-executive director and the implementation of the General Data Protection Regulations (GDPR); ... Real estate will follow during 2019. ... reward profiles.

LPPI operates investment pooling vehicles across seven asset classes. These are housed within two Authorised Contractual Schemes (ACS) and a number of other pooling vehicles. Further details are available in the statements of accounts for the LPPI Asset Pooling ACS and the LPPI Real Estate ACS available from the LPP website. Details on the investment pooling vehicles are available from Companies House and on the 'Our funds' page within the Investments section of the LPP website. ... Robust ... t

Performance Table 1/4/2025 to 30/9/2025 1/4/2024 to 30/9/2024 Total Return ... Unit Class I LPPI Real Estate Fund 1.3% (1.8%) MSCI Quarterly UK Property Index 2.7% 2.6% The Sub-fund figures quoted are based on single prices and are calculated net of fees. Performance returns are cumulative. All returns are in Sterling. ... Summary of Performance over the period The Sub-fund returned 1.3% (net of fees) over the period from 1 April 2025 to 30 September 2025. Its benchmark (MSCI Quarterly UK…

Quarterly Performance Reporting including RI narratives. • Quarterly Media Round-up which gives highlights of RI-related news and developments. ... Listed Equity 57% Fixed Income 18% Private Equity 4% Private Credit 13% Real Estate 1% Infrastructure 7% ... . In December, we met ... In line with our commitment, the RI&S team selects a range of companies for priority engagement and voting, focusing on four stewardship priorities (as referenced above). In 2024, we made minor adjustments to the…

SECOND QUARTER · 2024–25 (JULY – SEPTEMBER 2024) ... SECOND QUARTER, 2024–25 (JULY – SEPTEMBER 2024) ... QUARTER, ... 2024–25 (JUL ... Central Limited is authorised and ... NATIONWIDE BUILDING SOCIETY ... Objective: To disclose impacts of climate change and the energy transition on its mortgage portfolio, detailing the impacts over short-, medium- and long-term timeframes and the measures taken to mitigate these risks. To completes this analysis to show the distribution of risk within a…

FIRST QUARTER · 2024–25 (APRIL – JUNE 2024) ... FIRST QUARTER, 2024–25 (APRIL – JUNE 2024) ... LGPS Central has retained its signatory status to the UK Stewardship Code for the fourth year in a row, as confirmed by the Financial Reporting Council. As of 22 July 2024, there are 282 signatories to the Code, of which only 25% of them is represented by asset owners. LGPS Central’s stewardship approach reflects our continuous efforts to exercise our fiduciary duty and to excel in stewarding the…

LGPSC provides reporting to stakeholders through regular stewardship updates (voting and engagement), quarterly performance reports (ESG integration, engagement and voting as part of performance assessment), an annual PRI report and an annual Stewardship Code report. ... Board is responsible for approving and monitoring LGPSC’s approach ... of its oversight of our policies including the Responsible Investment & Engagement Framework (“the RI&E ... Apart from the ... , the Board also reviews and a

Annual reporting Strategy approval & oversight responsibilities Strategy execution accountability Quarterly review Strategy development & implementation accountability Implementation responsibilities Oversight responsibilities and implementation responsibilities for LGPS Central’s net zero strategy have been distributed across the organisation (see Table 1). Approval for our net zero strategy and oversight responsibilities rests with the Board. The Executive Committee is accountable for…

LGPS Central Limited (“LGPSC”) is pleased to respond to the government’s Call for Evidence (CfE) The Pensions Investment Review: Call for Evidence. LGPSC is the full service FCA-regulated asset manager for eight local authority pension funds (our Partner Funds) across Central England. Our Partner Funds, who are both our shareholders and clients, are: the Cheshire Pension Fund, Derbyshire Pension Fund, Leicestershire Pension Fund, Nottinghamshire Pension Fund, Shropshire Pension Fund,…

LGPS Central Fund Map ... AUM at 31 March 2025 ... Oversight & Stewardship Equities (Internal) Equities Fixed Income Fixed Income (Internal) Private Credit Real Assets Private Equity ... EM Multi Manager £233m ... Direct Property £151m ... Residential £115m ... Primary 2018 £150m ... Infra Core/Core+ £1,314m ... Private Credit II £1,165m ... Advisory £11,321m ... Oversight & Stewardship Equities Fixed Income ... Fixed Income (Internal) Private Credit Real Assets ... Equities (Internal)

Annual Report 2021/2022 Northern LGPS Pool ... The Northern LGPS Pool is a partnership between the Greater Manchester (GMPF), Merseyside (MPF) and West Yorkshire (WYPF) LGPS funds (the ‘partner funds’). The combined assets of the funds stood at approximately £57.8bn as of 31 March 2022, which is invested on behalf of over 850,000 members and 1,250 contributing employers. The Northern LGPS Pool’s purpose is to facilitate via a simple and democratic governance structure, the pooling of…

I am delighted to introduce the Northern LGPS’ Annual Report and ... all stakeholders on our pool’s performance over the year. I will highlight our key achievements and look ahead to ... 2025 and beyond. Our performance continues to go from strength to strength The ... of Northern LGPS this year was extremely positive, and our pool continues to go from strength to strength. It achieved a return of 7.5% over the year to 31 March 2024, with pool assets standing at over £61.4 billion at the…