Missouri Department of Transportation and Highway Patrol Employees' Retirement System, Jefferson City, returned a net 13.3% for the fiscal year ended June 30, above the benchmark of 12.3%.
For the three-, five-, 10- and 20-year periods, the pension fund returned an annualized net 8.6%, 10.8%, 8.9% and 8.1%, respectively, compared with benchmark figures of 4.6%, 8%, 7.4% and 7.2%, according to a recent investment summary report.
In fiscal 2023, the pension fund returned a net 8.9%.
As of June 30, 2024, the $3.7 billion pension fund had an actual asset allocation of 37.5% public equity (40% target); 20.3% fixed income (22.5%); 11.6% private equity (10%): 11.5% real assets (10%); 9.6% real estate (10%); 9.3% opportunistic debt (7.5%) and 0.2% cash (0%).
By asset class, the best performers for the one-year period were public equities, which gained a net 22.2%; followed by real assets (14.3%); opportunistic debt (11.7%); private equity (8.2%); fixed income (7.2%); cash (5.2%); and real estate (2.6%).
