Missouri Public School and Education Employee Retirement Systems, Jefferson City, reported returns for the year ended June 30, with the public school pension fund returning 1.9% and education employee pension fund, 1.6%, confirmed Stacey McNally, executive assistant, investments, for both pension funds, in an e-mail.
The best-performing asset class of the retirement systems, which have combined assets of $30.6 billion, was real estate, with the Public Education Employee Retirement System returning 10.45% and the Public School Retirement System returning 10.32%.
Other asset-class returns for PSRS were credit, 8.46%; private equity, 8.23%; U.S. TIPS, 7.55%; U.S. Treasuries, 7.22%; private credit, 4.84%; U.S. equities, 3.18%; hedged assets, -0.09%; and global equities, -12.54%.
Other asset-class returns for PEERS were private equity, 8.21%; credit, 8.14%; U.S. TIPS, 7.55%; U.S. Treasuries, 7.23%; private credit, 5.08%; U.S. equities, 3.35%; hedged assets, -0.75%; and global equities, -12.44%.
As of June 30, the target allocation for both retirement systems was 27% U.S. equity; 16% U.S. Treasuries; 15% global equities; 12% credit bonds; 10.5% private equity; 7.5% real estate; 6% hedged assets; 4% U.S. TIPS; 2% private credit; 0% cash and equivalents.
As of June 30, the actual allocation for both systems was 30.5% U.S. equity; 14.7% global equities; 14.6% hedged assets; 13.6% U.S. Treasuries; 8.9% credit bonds; 7.4% real estate; 7% private equity; 1.7% U.S. TIPS; 1.4% private credit; 0.2% cash and equivalents.
Ms. McNally did not respond to further questions by press time.
