The diversified nature of MPERS’ investment portfolio continues to add value during this period of increased volatility in the markets. The fund held up very well during the 1st quarter, limiting losses to 0.27% while the average public fund lost 4.9%. The quarterly return ranked in the top 1% of public fund peer universe.
MPERS’ one-, three-, five-, and ten-year returns all rank in the top 3% of the public fund peer universe. The risk-adjusted returns look even better, as the overall fund has a risk profile (as measured by volatility of returns) in the bottom 2% of the peer universe which leads to a Sharpe ratio (a measure of returns versus risk) in the top 1% of the peer rankings.
June 30 marks the end of the 2022 fiscal year and the unofficial estimated return will range between three and four percent. This return compares favorably to our peers. Official fiscal year-end results will be reported to the Board at the September board meeting and will be shared with members and stakeholders shortly thereafter.
