North Dakota State Investment Board’s pension trust returned a preliminary net 3.52% for the fiscal year ended June 30, surpassing its policy benchmark by about 137 basis points, said David Hunter, executive director and chief investment officer of the North Dakota Retirement and Investment Office, Bismarck, in an e-mail.
The top performer was global real assets, which returned 9%, followed by global equity, 3.25%, and global fixed income, 0.5%.
The pension trust’s target allocation is 57% equity, 23% fixed income and 20% real assets.
For the three and five years ended June 30, the pension trust returned an annualized 11% and 10.7%, respectively, exceeding its policy benchmarks of 9.7% and 10% in both of those periods.
The retirement and investment office oversees the $10.7 billion investment board, which includes pension and insurance assets.
All figures are preliminary and unaudited.
