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The City of Milwaukee Pension Fund had a return of 5.4%, net of fees, in the second quarter of 2026. This return matched the Fund’s blended benchmark return. Hope for a quick resolution to the war with Iran, along with continued strength in the Artificial Intelligence sector, were supportive of markets. Against this backdrop, the Fund’s public equity allocation was up 12.2%, net of fees, in the quarter. The Fund’s fixed income allocation was up 0.9%, net of fees, and the Fund’s absolute return allocation was up 5.4%, net of fees. As is typical because of the extra time it takes for private companies to complete their year-end reporting, both Q4 2025 and Q1 2026 private equity values were reflected this quarter, and the combined return was 1.9%. The Fund’s real estate allocation was up 1.2%, net of fees, in Q1 2026, which is the most recent data available. The market value of the Fund on June 30, 2026 totaled approximately $6.71 billion.
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Last Update: 8/21/2026