The $10.35 billion Missouri Local Government Employees Retirement System (Missouri LAGERS) posted a net return of 4.3 percent for the fiscal year that ended on June 30, below its benchmark of 6.6 percent.
For the past five- and 10-year periods, Missouri LAGERS has generated net annualized returns of 7.9 percent and 8.5 percent, respectively, both outperforming their respective benchmarks of 7.0 percent.
Missouri LAGERS currently has 35.7 percent of its portfolio allocated toward real assets, just 0.3 percent below its 36.0 percent policy target.