Financial Reports & Policies

Investment Update

The City of Milwaukee Pension Fund had a return of 3.4%, net of fees, in the second quarter of 2019. This return underperformed the Fund’s blended benchmark by 0.5%. This brings the Fund’s first half of 2019 return to 11.1%, net of fees, compared to 10.0% for the benchmark. The U.S. Federal Reserve signaled it was open to interest rate cuts amid downside risks associated with slowing global growth and trade disputes. Most central banks eased monetary policy or signaled their intention to do so in the second quarter, supporting markets. U.S. labor conditions remained resilient during the quarter with the unemployment rate falling to 3.6%, the lowest level since 1969. Against this backdrop, the Fund reported positive second quarter returns for all asset classes. The Fund’s public equity allocation was up 3.2%, while the Fund’s fixed income return was 3.5%, and the absolute return asset class return was 3.5%, all net of fees. Real estate was up 1.1%, net of fees, in the first quarter of 2019, which is the most recent quarterly data available. The market value of the Fund on June 30, 2019 totaled approximately $5.37 billion

Asset Allocation 2nd Quarter 2019

 

Financial Reports

Annuity & Pension Board's Report

2018

2017

2016

2015

2014

2013

2012

2011

 
Actuarial Valuations

ERS - 2019

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

Comprehensive Annual Financial Reports / Financial Statements

2018

2017

2016

2015

2014

2013

2012

2011

 
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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