Wisconsin Investment Board Returns -12.9% Fiscal Year

Over the past fiscal year, the negative performance of the core trust fund reflected difficult market conditions for both government equities and fixed income instruments. For the year ended December 31, the Russell 3000 Index and the Bloomberg US Aggregate Bond Index returned -19.2% and -13%, respectively.

By asset class, real estate posted the highest return for the year ended December 31 with a net income of 16.8% (below 21% for the benchmark), followed by private equity/debt with a return of 3.9% (0.4% for the benchmark) ; assets sensitive to inflation -11.8% (-11.9%); government fixed income, -13.9% (-12.7%); and public shares, -17.8% (-18%).

The target allocation of the core trust fund is 48% government stocks, 25% government fixed income securities, 19% inflation sensitive assets, 15% private equity/debt, 8% real estate, and -15% debt.

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