The State of Rhode Island Pension Plan generated a 10.47 percent return during the fiscal year that ended on June 30, outperforming its 9.61 percent strategic benchmark, according to a monthly investment report from the Rhode Island State Investment Commission.
Another 3.98 percent ($452.9 million) of the plan’s assets are allocated toward private real assets (excluding real estate). These investments generated a 2.65 percent return for the fiscal year, underperforming the pension fund's 5.33 percent benchmark.
The private real assets portfolio primarily consists of privately listed infrastructure funds that invest in physical systems vital to the broad economy or certain essential sectors such as transportation, energy, water/wastewater and telecommunication. These investments may be supplemented with smaller allocations to funds that invest in resource assets, such as farmland, mining or timberland.