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Pension Funds

Illinois Teachers chalks up 8.3% fiscal-year return

The $51.3 billion Illinois Teachers' Retirement System, Springfield, produced positive preliminary net returns for all periods ended June 30.

For the quarter ended June 30, the defined benefit plan returned 0.8%; one year, 8.3%; three years, 6.8%; five years, 8.2%; 10 years, 6.2%; and 20 years, 6.5%.

Returns of the fund's policy benchmark topped those of the pension fund in four of six time periods ended June 30: three months, 1.3%; one year, 8.2%; three years, 7.3%; five years, 8.5%; 10 years, 6.6%; and 20 years, 6.4%.

Multiyear returns are annualized.

The fund returned a net 12.6% for the year ended June 30, 2017.

By asset class for the year ended June 30, preliminary net returns were 11.8% for equity; real assets, 6.2%; diversifying strategies (mainly hedge funds), 4.5%; and income, 1.9%.

The fund's asset allocation as of June 30 was 51.7% equity, 23.1% income, 13.8% real assets and 11.4% diversifying strategies.