Illinois Teachers’ Retirement System, Springfield, returned an estimated 4.1% for the fiscal year ended June 30, R. Stanley Rupnik, chief investment officer, told an investment committee meeting of the $45.8 billion fund on Wednesday.
While that return trailed the 4.6% one-year return of the fund’s benchmark, for other periods ended June 30, the returns topped their benchmarks: three-months, 1.4% (benchmark, 0.8%); three years, 11.7% (11%); five years, 11.9% (11.2%); and 10 years, 7.1% (benchmark, 6.8%).
The returns are gross of fees and multiple-year returns are annualized.
Mr. Rupnik stressed to trustees that the returns for periods ended June 30 are preliminary, because the fund’s real estate and private equity returns have not all been received. He said he expects to be able to provide the actual returns at the board’s October meeting.
