Financial Reports & Policies

Investment Update

The City of Milwaukee Pension Fund earned a return of -2.9%, net of fees, in 2018. This return outperformed the Fund’s blended benchmark by 0.4%. U.S. GDP growth was positive each quarter in 2018, and the unemployment rate fell to 3.9% by year-end. Although the U.S. economy remained steady in 2018, continued worries about trade wars and the government shutdown caused weakness in equity markets in the fourth quarter. The market worries led to negative returns in traditional asset classes. The Fund’s public equity allocation was down -9.9%, and fixed income was down -0.4%, both net of fees. Alternative asset classes fared better, with Absolute Return gaining 1.4%, net of fees, and Private Equity reporting returns of 21.5%, net of fees. Over the prior twelve months ending September 2018, the ERS’ real estate portfolio had a return of 9.0%, net of fees, which is the most recent time period for which data is available. The market value of the Fund on December 31, 2018, totaled approximately $4.95 billion.

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    2Q    3Q

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

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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