Investments
The performance of MFPRSI's composite portfolio and that of the individual managers' portfolios is periodically reviewed by the Board of Trustees and Administration. An investment consulting firm, Summit Strategies Group, submits a report to the System each quarter and provides technical information and investment advisory services to the Board and Administration. Periodically, the Board reviews the investment policy of the System and implements changes to the strategic and tactical policies of the investment program. The performance of the System's portfolio from the inception of the fund through the latest fiscal year is reported below.
Investment Performance
Most Recent Quarter (March 31, 2012)
Total Fund: 7.48%
Total Fund Policy Index: 7.93%
Fiscal Year Ending (June 30, 2011)
Total Fund: 23.07%
Actuarial Assumed Rate of Growth: 7.5%
Inception to Date Annualized*
Total Fund: 7.78%
Actuarial Assumed Rate of Growth: 7.51%
*January 1, 1992 – June 30, 2011
It is important to note that historical performance is not a guarantee of future performance of the portfolio due to the cyclical nature of markets and the individual components thereof.