Chicago Teachers chalks up 28.7% return for fiscal year

Chicago Public School Teachers' Pension & Retirement Fund posted a net return of 28.7% for the fiscal year ended June 30.

The $13.1 billion pension fund's return exceeded its benchmark of 27%, Chief Investment Officer Angela Miller-May confirmed in an email.

For the three, five and 10 years ended June 30, the pension fund returned an annualized net 12.2%, 11.8% and 9.2%, respectively, exceeding the respective benchmark returns of 11.8%, 11.4% and 8.9%.

The pension fund returned a net 4.5% for the fiscal year ended June 30, 2020.

For the most recent fiscal year, private equity led all asset classes with a net return of 55% for the year ended June 30. No benchmark was available. Following private equity was domestic equities, which returned a net 46.9%, exceeding its benchmark return of 44.2%.

International equities returned a net 37.4% for the fiscal year ended June 30, exceeding its benchmark return of 37.2%, followed by infrastructure, which returned a net 22%, exceeding its benchmark return of 18.3%.

Next came real estate, which returned a net 9.8%, exceeding its 7.1% benchmark return, and fixed income returned a net 1.2%, exceeding its -0.3% benchmark return.

The pension fund's target allocation is 30.5% each domestic equities and international equities, 23% fixed income, 9% real estate, 5% private equity and 2% infrastructure. Actual allocation information as of June 30 was not available.