The System's consultant, Dahab Associates reports that for the third quarter of 2019, the Composite portfolio returned -0.2%, which ranked in the 97th percentile of the Public Fund universe. The first percentile is the top performing fund ranking. Over the trailing year, the portfolio returned 2.8%, which ranked in the 84th percentile. Since September 2009, the portfolio returned 8.8% on an annualized basis and ranked in the 22nd percentile.
*The information in this section is updated quarterly and is based upon the Quarterly Performance Report prepared by Dahab Associates, the Pennsylvania Municipal Retirement Board’s independent investment consultant.