Texas County & District Retirement System, Austin, returned a net 3.1% in the year ended June 30, strongly outperforming the -0.4% return of its policy benchmark, a performance report showed.
In contrast, the $41.7 billion plan returned a net 33.7% in the year ended June 30, 2021.
Annualized net returns for each reported period ended June 30 also topped those of the benchmark, with 10.2% for the three-year period (benchmark, 8.5%); five years, 9.2% (7.9%); 10 years, 8.9% (7.6%); 20 years, 7.8% (6.9%); and 30 years, 7.8% (6.7%).