SWIB's investment management of the WRS generated more than $3.1 billion of net outperformance over the last five years.
Over the last 20 years, SWIB’s cost-effective active management and diversified holdings generated $29.5 billion for the Core Trust Fund above what it would have earned by simply investing in a passive portfolio of 60% global equities and 40% domestic bonds.
In 2023, SWIB beat its benchmarks for the Core Trust Fund, with a one-year net return of 11.4%, five-year net return of 9.3%, and 7.1% 10-year return net of external manager fees.
By exceeding the WRS actuarial target return for all periods, SWIB helps provide continued stability in employer and employee contribution rates.
"The WRS trust funds had a strong performance year. Despite numerous challenges, we remained committed to our long-term investment strategy that aims to keep annuity adjustments and contribution rates stable and meet the benefits promised to over 677,000 WRS participants," said SWIB Executive Director/Chief Investment Officer Edwin Denson.