Pennsylvania Public School Employees returns 3.43% for fiscal year

Pennsylvania Public School Employees’ Retirement System, Harrisburg, returned 3.43% in the fiscal year ended June 30, confirmed spokeswoman Evelyn Tatkovski.

The top-performing portfolio for the $48.8 billion pension fund was risk parity at 21.43%, followed by U.S. fixed income at 10.64%.

Returns for the rest of the portfolios were private markets, 9.35%; real estate, 7.96%; U.S. equities, 3.62%; absolute return, 2.72%; international fixed income, 1.27%; non-U.S. equities, -13.14%; and commodities, -13.16%.

The pension fund’s asset allocation as of June 30 was 22% private markets, 20.8% U.S. and international fixed income, 12.8% real estate, 12.6% absolute-return strategies, 11.6% U.S. equities, 11.4% international equities, 4.3% commodities, 2.5% cash and cash equivalents, 1.5% risk parity and 0.5% in master limited partnerships.