The Maine Public Employees Retirement System, Augusta, recorded a net 26.5% return for the fiscal year ended June 30, trailing the benchmark return of 27.4%, according to information posted on the $18.1 billion pension fund's website.
The plan had a net 6.2% return for the quarter ended June 30, topping the 4.6% benchmark.
The pension fund had a net return of 1.8% for the fiscal year ended June 30, 2020.
For the three years ended June 30, 2021, the annualized return was 11.4% vs. a benchmark of 11%. For the five-year period, the annualized return was 11.4%, exceeding the benchmark of 10.7%; 10 years, 8.7% vs. a benchmark of 8.2%, and 20 years, the return was 7%, topping the benchmark of 6.8%.
The largest allocations in the pension fund as of June 30 were public equity (30.5%), private equity (19.6%) and infrastructure (10.1%). Other allocations were real estate (8.1%), traditional credit (8%), U.S. government bonds (7.3%), risk diversifiers (6.4%), alternative credit (4.9%), natural resources (4.5%) and cash (0.6%).
