The $18.7 billion Teachers’ Retirement System of Louisiana (TRSL) boasted a 15.93% net return in the fiscal year ended June 30, beating its 14.24% benchmark.
The fund’s key performers were commodities, international equity, and private equity, which returned a net 28.79% (above its -6.5% benchmark), 22.83% (22.28% benchmark), and 22.28% (21.51% benchmark), respectively.
Returns from additional assets were domestic equity, private debt, infrastructure, real estate, and public fixed-income; which returned 18.16% (against 18.51% benchmark), 14.62% (15.01%), 11.32% (6.65%), 8.71% (8.12%), and 3.69% (1.62%), respectively.
For the period ended June 30, the three-, five-, and 10-year returns for TRSL were 6.39%, 10.29%, and 5.36%, respectively (against 5.96%, 9.78%, and 5.28% respective benchmarks).
The actual allocations as of June 30 were 32% domestic equity, 13% international developed markets equity, 12% private equity, 9% real estate, 8% domestic fixed-income and 8% emerging markets, and 6% private debt. Finally, allocations for emerging markets debt, global high yield, infrastructure/commodities/farmland, and international developed markets fixed-income were 3% each.
Tags: Fiscal Year, Louisiana, Pension, Teachers’ Retirement System of Louisiana