The California Public Employees' Retirement System had a net return of 1.3% in the nine months ended March 31, according to its latest performance and risk update posted Monday. Its fiscal year runs through June 30.
The pension fund's public equity portfolio, which accounts for 53.6% of its total allocation, returned 0.5% over the nine-month period. Its income pool, the second-largest allocation at 18.3%, returned 4.8% over the same period.
CalPERS' infrastructure portfolio was the highest-returning asset class in fiscal 2015 so far – up 8.9% through March 31.