Master trusts returned a median 12.53% in the year ended June 30, according to the Trust Universe Comparison Service of Wilshire Associates.
Results for the quarter ended June 30 were not as rosy, with all master trusts returning -4.74%, according to a Wilshire news release.
Corporate funds reported the best one-year returns ended June 30, with 13.52%; followed by public funds, 12.7%; foundations and endowments, 12.22%; and Taft-Hartley plans, 10.87%. For the second quarter, Taft-Hartley plans led with returns of -4.49%; followed by endowments and foundations, -4.75%; corporate funds, -4.84%; and public funds, -5.38%.
The median asset allocation of all master trusts included 53.59% equities, 33.22% bonds and 2.5% cash.
Hilarie C. Green, managing director and head of Wilshire Analytics' performance reporting division, could not be reached for comment.