Rhode Island's pension fund earned $142 million from investments in the month of April, posting a 1.72 percent return. Investments in global public equities, primarily in low-fee index funds designed to provide long-term growth, contributed to the positive return.
The Rhode Island pension system is invested for long-term growth and stability to provide its members a secure retirement after spending a career in public service.
As of April 30, 2019, the pension system has outperformed both the plan's benchmark, as well as a traditional 60 percent stock / 40 percent bond benchmark, over the three, five, and ten-year periods.
Detailed information about the fund, including investment strategy, performance, and detailed information about its managers are published online at investments.treasury.ri.gov.
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Note: All performance information is presented on a "net of fees" basis.