Corporate funds were the top performers for the second quarter among institutional master trusts in the Wilshire Trust Universe Comparison Service, returning a median 1.27%.
Public funds, however, led the way for the year ended June 30, with a median 21.11%, outpacing the corporate funds median return of 20.41%, according to a news release from Wilshire.
For the quarter, public funds had a median 1.23%, followed by foundations and endowments with 0.99% and Taft-Hartley defined benefit plans with 0.95%.
For the year, foundations and endowments returned a median 19.99%, followed by Taft-Hartley with 19.94%.
The return for all institutional master trusts in the TUCS universe was a median 1.1% for the quarter and 20.12% for the year ended June 30.
Corporate funds had the highest median allocation toward equities of the four groups, with 56.66%. Domestic equities were a median 38.93% and international equities, 13.27%. Taft-Hartley defined benefit had a median 55.61% allocation toward equities, followed by public funds with 54.71% and foundations and endowments with 54.62%.
Corporate funds also had the highest median allocation toward bonds with 34.46%, followed by Taft-Hartley defined benefit funds with 30.06%, public funds with 27.78%, and foundations and endowments at 21.73%.
Wilshire TUCS includes about 900 plans with combined assets of $2.92 trillion.
