Press Releases


Rhode Island's pension fund earns $291 million in June

Rhode Island's pension plan earned $291,411,038 in the month of June, posting a 3.56% return. The positive performance was driven by the investments in the global stock market - mostly low fee index funds designed to provide long-term growth.

Under Treasurer Magaziner's leadership, the state adopted the 'Back to Basics' investment strategy, which is designed to provide long-term growth over time and stability when markets are challenging. Since implementation of Back to Basics began in September 2016, the fund has earned $1.83 billion from investments.

In the twelve-month period ending June 30, 2019, the fund earned 6.54%, closing fiscal year 2019 with value of $8,468,762,460. Over the past three years, the fund has posted an average annual return of 8.71%, outperforming its benchmark return of 8.44% for the same period.

Detailed information about the fund, including the 'Back to Basics' investment strategy, performance, and detailed information about its managers are published online as part of Treasurer Magaziner's "Transparent Treasury" initiative at

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Note: All performance is reported on a "net of fees" basis.

Contact: Evan England, Director of Communications (401) 222-2240 | (401) 439-2199 (mobile)

Related links

  • Department or agency: Office of General Treasurer Seth Magaziner
  • Online:
  • Release date: 07-24-2019

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