Financial Reports & Policies

Investment Update

The City of Milwaukee Pension Fund had a return of 7.4%, net of fees, in the first quarter of 2019. This return outperformed the Fund’s blended benchmark by 1.6%. First-quarter GDP growth in the U.S. came in at 3.2%, 0.9% above consensus expectations. Consumer confidence remains slightly below a ten-year high while unemployment was reported at 3.8%. Markets snapped back in Q1 2019 after bottoming out in late December 2018, driven by comments from Federal Reserve Chairman Jerome Powell easing concerns of the pace of future interest rate hikes. The first quarter return for the Fund’s public equity allocation was 12.4%, net of fees, while the Fund’s fixed income and absolute return asset class returns were 4.4% and 4.1% respectively, net of fees. Real estate was up 1.7%, net of fees, in the fourth quarter of 2018, which is the most recent quarterly data available. The market value of the Fund on March 31, 2019 totaled approximately $5.29 billion.

Asset Allocation 2nd of 2018

 

Financial Reports

Annuity & Pension Board's Report

2017

2016

2015

2014

2013

2012

2011

2010

 
Actuarial Valuations

ERS - 2018

ERS - 2017          PABF - 2017

ERS - 2016          PABF - 2016

ERS - 2015          PABF - 2015

ERS - 2014          PABF - 2014

ERS - 2013          PABF - 2013

ERS - 2012          PABF - 2012

ERS - 2011          PABF - 2011

 

Capital Market Summaries

2018: 1Q    2Q    3Q    4Q

2017: 1Q    2Q    3Q    4Q

2016: 1Q    2Q    3Q    4Q

Financial Statements

2017

2016

2015

2014

2013

2012

2011

2010

 
Schedules of Employer Allocations and Pension Amounts

2017

2016

2015

2014

 
Report on Internal Controls

2017

2016

 

Kuhns' Survey of Large Pension Funds

2013

2012

 

Performance Reports

2018: 1Q    2Q    3Q    4Q

2017: 1Q    2Q    3Q    4Q

2016: 1Q    2Q    3Q    4Q

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