The State of Rhode Island Pension Plan generated a 10.47 percent return during the fiscal year that ended June 30, 2024, outperforming its 9.61 percent strategic benchmark, according to a monthly investment report from the Rhode Island State Investment Commission.
Of the plan’s $11.37 billion of assets, 2.24 percent ($254.5 million) is allocated toward noncore real estate, which delivered a return of –2.85 percent during the fiscal year, outperforming its –6.7 percent benchmark.
Some 3.12 percent ($355 million) is allocated toward core real estate, which yielded a return of –3.97 percent for the fiscal year, outperforming its –7.45 percent benchmark.
Another 3.98 percent ($452.9 million) of the plan’s assets are al
