Financial Reports & Policies

Investment Update

The City of Milwaukee Pension Fund had a flat return of 0.0%, net of fees, in the first quarter of 2018. This return outperformed the Fund’s blended benchmark by 0.3%. First-quarter GDP growth in the U.S. came in at 2.3%, marking the fourth consecutive quarter of growth greater than 2.0%. Consumer confidence remains near a ten-year high while unemployment was reported at 4.1%, which in part allowed the Federal Reserve to continue on its recent path to raise short-term interest rates in March. Although the markets exhibited very strong equity returns in January, volatility started in February due to inflation fears and heightened concern of possible trade friction among U.S. trading partners. The first quarter return for the Fund’s public equity allocation was unchanged, net of fees, while the Fund’s fixed income and absolute return asset class returns were -1.2% and -0.1% respectively, net of fees. Real estate was up 2.3%, net of fees, in the fourth quarter of 2017, which is the most recent quarterly data available. The market value of the Fund on March 31, 2018 totaled approximately $5.36 billion.

 

Asset Allocation 1st Q of 2018

 

Financial Reports

Annuity & Pension Board's Report

2016

2015

2014

2013

2012

2011

2010

 
Actuarial Valuations

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

2016

2015

2014

2013

2012

2011

2010

 
Schedules of Employer Allocations and Pension Amounts

2016

2015

2014

 
Report on Internal Controls

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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