The $165.6 billion State of Wisconsin Investment Board (SWIB) has announced an –8.5 percent return for its Core Trust Fund, against a benchmark return of –8.82 percent, for the year ending April 30.
The Core Fund is the larger of the two trust funds managed by SWIB. As a fully diversified fund, it is invested in real estate, bonds and a large amount of stocks.
SWIB said the main goal of the Core Fund is to earn the best return over the life of investment in the fund while taking an acceptable level of risk. To keep this fund stable, the results are smoothed over five years to give a more stable rate of return each year. As of April 30, the Core Fund had a five-year investment performance of 9.3 percent, against a 10.7 percent benchmark return.
The Core Fund had $123.4 billion of assets under management at the end of April.
