Financial Reports & Policies

Investment Update

The City of Milwaukee Pension Fund had a return of 1.7%, net of fees, in the second quarter of 2018. This outperformed the Fund’s blended benchmark by 1.1%. Economic indicators were strong, with second quarter U.S. GDP growth coming in at 4.1%, and the unemployment rate at 4.0%. This supported public equity markets, with the Fund’s public equity allocation gaining 1.3%, net of fees, outperforming its benchmark by 0.6%. The Federal Reserve increased its policy target for interest rates and reiterated plans for future increases, which weighed on fixed income markets. Despite this, the Fund’s fixed income asset class was up 0.3%, net of fees, outperforming its benchmark by 0.4%. The Fund’s alternative asset classes continued to perform well. Strong private equity reports came in, resulting in a 4.1% quarterly return. Absolute return was up 2.6%, net of fees, in the second quarter, and real estate was up 2.1%, net of fees, in the first quarter of 2018, which is the most recent quarterly data available. The market value of the Fund on June 30, 2018 totaled approximately $5.36 billion, and the year-to-date return was 1.7%, net of fees.

 

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

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

2016

2015

2014

 
Report on Internal Controls

2017

2016

 

Kuhns' Survey of Large Pension Funds

2013

2012

 

Performance Reports

2018: 1Q

2017: 1Q    2Q    3Q    4Q

2016: 1Q    2Q    3Q    4Q

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