Utah School and Institutional Trust Funds, Salt Lake City, returned a net 25.6% for the fiscal year ended June 30.
The $3.1 billion trust funds' return exceeded the interim target index return of 24.8%, according to Aug. 31 board meeting materials posted on the state of Utah's public notice website.
For the three, five and 10 years ended June 30, the trust funds returned an annualized net 7.7%, 7.7% and 8%, respectively, compared to the respective interim target index returns of 9.3%, 8.9% and 8.3%.
The materials did not provide further information on the prior fiscal year return or individual asset class returns.
As of Aug. 23, the trust funds' actual allocation was 16.6% international equities, 15.5% domestic equities, 9.9% public real assets, 7.6% private equity, 7.5% securitized fixed income, 6.6% private debt, 6.2% systematic convexity, 6.1% credit, 4.6% global equity, 3.9% each non-U.S. fixed income and private real estate, 3.1% insurance-linked securities, 2.9% private real assets, 2.2% U.S. Treasury inflation-linked securities, 2.1% long U.S. Treasuries and the rest in cash.
The materials did not provide an actual allocation as of June 30.
Peter Madsen, chief investment officer, could not be immediately reached for further information.
