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Rates of Return

 

At the end of each fiscal year – June 30 – the ASRS calculates a rate of return on its investment portfolio. The assumed rate of return is 7.5 percent.

The ASRS total fund returns - net of fees - for the fiscal year ending June 30, 2019 are as follows:

1 Year3 Years5 Years10 YearsInception
ASRS Return6.6%9.9%6.6%10.4%9.7%
Strategic Asset Allocation  Benchmark*5.2%7.8%4.8%9.1%9.2%
Peer Average** 20th percentile10th percentile13th percentile4th percentile

 * The ASRS Strategic Asset Allocation percent is what the ASRS would have earned with no active staff management of investments. If the ASRS Return is greater than the ASRS SSA percent, the difference is the fund growth directly attributable to decisions and actions of the ASRS staff.

** The Peer Average is a ranking based on a cohort of public pension plans that manage more than $1 billion. For example, under the 10 Year Return, the ASRS ranks in the top 4 percent of peers.

INVESTMENT RETURNS by ASSET CLASS

Annualized Net Rates of Return for Fiscal Year 2018-19, period  ending June 30, 2019.
(Benchmarks shown with asset classes.)
 
 1 YEAR3 YEAR5 YEAR 10 YEAR
ASRS Total Fund6.6%9.9%6.6% 10.4%
ASRS Total Public Equity
 ASRS Custom Total Equity Benchmark
3.8
4.9
11.1
12.0
6.4
6.9
11.6
11.8
ASRS Domestic Equity
ASRS Custom Equity Benchmark
7.3
9.0
12.8
14.1
9.7
10.5
14.6
15.0
ASRS International Equity
ASRS Custom International Equity Benchmark
0.2
0.3
9.2
9.4
2.4
2.5
6.7
7.1
Interest Rate Sensitive Fixed Income
BBgBarc, US Aggregate TR
7.8
7.9
2.4
2.3
3.2
2.9
4.2
3.9
Private Equity
MSCI ACWI Blended
14.0
3.2
15.0
12.7
12.1
7.2
13.7
15.4
Credit
S&P LSTA/Leveraged Loan Index +2.5%
9.1
5.5
10.1
8.1
7.2
4.1
N/A
 Real Estate
NCREIF ODCE QTR lagged (net)
7.6
6.7
8.9
6.9
10.6
8.8
11.9
7.7

 

Annual Net Total Fund Returns - 10-YEAR HISTORY

Fiscal YearReturn
2018-196.6%
2017-189.4%
2016-1713.9%
2015-160.6%
2014-153.2%
2013-1418.6%
2012-1313.1%
2011-121.3%
2010-1124.6%
2009-1014.9%

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