Kentucky Retirement Systems, Frankfort, returned a net 13.47% in the fiscal year ended June 30, 18 basis points above its benchmark, according to a performance update posted on the systems' website.
The $11.8 billion retirement systems' best-performing asset class was international equity, which returned a net 20.23% in the fiscal year ended June 30 (compared to its 20.97% benchmark), followed by domestic equity at 17.99% (18.51%). Other asset class returns were private equity, at 12.76% (12.76%); real estate, 9.87% (7.36%); real return, 7.52% (3.12%); fixed income, 6.54% (6.66%); absolute return, 5.41% (5.08%); and cash, 0.99% (0.46%).
For the three, five and 10 years ended June 30, the systems returned an annualized net 4.81%, 8.08% and 4.86%, respectively, below their respective benchmarks of 5.13%, 8.22% and 5.26%. The retirement systems returned a net -0.52% in the fiscal year ended June 30, 2016.
As of June 30, the actual allocation was 25.5% international equity, 24.2% domestic equity, 16.8% fixed income, 10% private equity, 8.4% real return, 7.6% absolute return, 4.5% real estate and 3% cash.
