Public funds were the top performers in the both the quarter and year ended March 31 among institutional master trusts in the Wilshire Trust Universe Comparison Service.
The first-quarter median return for public funds was 3.8%, with a median 13.1% for the 12-month period.
For the quarter, foundations and endowments had a median 3.65%, followed by corporate plans with 3.52% and Taft-Hartley plans with 3.43%. For the year, corporate plans returned a median 13.04%, followed by foundations and endowments with 12.78% and Taft-Hartley plans with 11.78%.
Overall, institutional master trusts had a median return of 3.55% for the quarter ended March 31, according to data from Wilshire.
Public funds had the highest median allocation toward equities of the four groups, with 59.49%. Domestic equities were a median 41.55% and international equities, 14.35%.
Wilshire TUCS includes more than 900 plans with combined assets of $2.6 trillion.