The investment return was above the board's 9.7% custom benchmark and helped increase the combined fund assets for the eight statewide retirement plans the board manages to $68.3 billion, up 6.6% from June 30, 2017.
Overall board assets, which also include defined contribution funds and cash accounts, rose 7.5% to $96.2 billion.
In fiscal 2017, the board returned a net 15.1%.
As of June 30, the board returned 9.5% over five years vs. the 9.3% benchmark return, Mr. Perry said. The 10-year return was 7.8%, compared to the benchmark's 7.4%; 20 years, 6.8% vs. 6.6%; and 30 years, 9.1% vs. 8.8%. All multiyear returns are net of fees and annualized.