InvestorForce Plan Universes funds had a median return of 1.5% in the quarter and 10.7% for the year ended March 31.
Three- and five-year median annualized returns for all funds as of March 31 were 8% and 13.1%, respectively.
In a reversal of 2013 trends, corporate defined benefit plans led all types in the first quarter with a 2.2% median return, followed by Taft-Hartley DB, 1.7%; public DB, 1.6%; and endowments and foundations, 1.5%.
For the quarter, the Russell 3000 index returned 1.97%, the Barclays Capital U.S. Aggregate index returned 1.84% and the MSCI ACWI IMI ex-U.S., 0.99%.
For the five-year period, corporate DB funds had a median return of 14.2%, followed by public DB, 13.7%; endowments and foundations, 13.4%; and Taft-Hartley DB Plans, 13.2%.
Median allocations across all trust funds as of March 31 were little changed from the prior quarter: U.S. equities (32.2%); fixed income (28.9%); international equity (15.5%); hedge funds (10%); real estate (8.8%); private equity (4.4%); and cash (1.1%).
