Financial Reports & Policies

Investment Update

The City of Milwaukee Pension Fund had a return of 1.9%, net of fees, in the third quarter of 2021. This return outperformed the Fund’s blended benchmark by 1.1%. Public equity markets cooled slightly, as the rise of the delta variant of COVID-19, concerns about inflation, and a default scare in the Chinese real estate market led to negative returns in September. The third quarter return for the Fund’s public equity allocation was -0.9%, net of fees. Bond markets ended the quarter roughly flat, leading to a 0.1% net of fee return for the Fund’s fixed income allocation. Outperformance this quarter was primarily due to the Fund’s alternative asset classes. The Fund’s absolute return allocation was up 3.0%, net of fees. Because they consist of private assets, private equity and real estate returns come in on a one-quarter lag. Private equity had a return of 13.5%, net of fees, and real estate was up 4.8%, net of fees, in the second quarter of 2021, the most recent quarterly data available. The market value of the Fund on September 30, 2021 totaled approximately $6.03 billion, and the YTD return was 13.4%, net of fees.

6/30/2021 Allocation

 

Financial Reports

Annuity & Pension Board's Report

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

 
Actuarial Valuations

ERS - 2021

ERS - 2020

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

2021: 1Q    2Q

2020: 1Q    2Q    3Q    4Q

2019: 1Q    2Q    3Q    4Q

2018: 1Q    2Q    3Q    4Q

2017: 1Q    2Q    3Q    4Q

2016: 1Q    2Q    3Q    4Q

 

GASB 67 Plan Reports

2020

2019

2018

 

Note: Prior to 2018, GASB 67 Plan Reports were included as a part of our actuarial valuations.

Annual Comprehensive Financial Reports / Financial Statements

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

 
Schedules of Employer Allocations and Pension Amounts

2020

2019

2018

2017

2016

2015

2014

 
Report on Internal Controls

2020

2019

2018

2017

2016

 

Kuhns' Survey of Large Pension Funds

2019

2018

2017

2016

2015

2014

2013

2012

 

Performance Reports

2021: 1Q    2Q

2020: 1Q    2Q    3Q    4Q

2019: 1Q    2Q    3Q    4Q

2018: 1Q    2Q    3Q    4Q

2017: 1Q    2Q    3Q    4Q

2016: 1Q    2Q    3Q    4Q

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