Correction: The $34.4 billion New York City Employees Retirement System returned -1.2% in the first quarter, compared with the fund's custom benchmark, which returned -1.4% for the same period. The fund returned 7.2% for the year ended March 31, compared with 7% for its custom benchmark. The fund's $17.6 billion domestic equity portfolio returned -2.2% in the first quarter, matching the return of its Russell 3000 benchmark. The composite return of its externally managed $5.8 billion investment-grade fixed-income portfolio was -0.33% in the first quarter, compared with -0.5% for the fund's custom fixed-income benchmark. The June 24 P&I Daily reported returns for the wrong time period.