Financial Reports & Policies

Investment Update

The City of Milwaukee Pension Fund had a return of -6.8%, net of fees, in the second quarter of 2022. This return outperformed the Fund’s blended benchmark by 1.5%. Markets focused on high inflation in the second quarter, which caused the Fed to raise interest rates, and increased market expectations of subsequent rate increases, leading to both falling bond prices, and a decline in risk assets such as stocks. The second quarter return for the Fund’s public equity allocation was -14.5%, net of fees. The Fund’s fixed income allocation had a return of -5.4%, net of fees. The Fund’s absolute return asset class was up 3.1%, net of fees. As is typical because of the extra time it takes for private companies to complete their year-end reporting, both Q4 2021 and the majority of Q1 2022 private equity values were reflected this quarter, and the combined return was 1.7%. The preliminary return for real estate was 8.8%, net of fees, in the first quarter of 2022, which is the most recent quarterly data available. The market value of the Fund on June 30, 2022 totaled approximately $5.63 billion, and the YTD return was -7.2%, net of fees.

3/31/2022 Allocation

 

Financial Reports

Annuity & Pension Board's Report

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

 
Actuarial Valuations

ERS - 2022

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

2022: 1Q    2Q

2021: 1Q    2Q    3Q    4Q

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

2021

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

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

 
Schedules of Employer Allocations and Pension Amounts

2021

2020

2019

2018

2017

2016

2015

2014

 
Report on Internal Controls

2021

2020

2019

2018

2017

2016

 

Kuhns' Survey of Large Pension Funds

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

 

Performance Reports

2022: 1Q    2Q

2021: 1Q    2Q    3Q    4Q

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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