Wisconsin Core Trust Fund returns 6.91% for the fiscal year
Investors - SEPTEMBER 18, 2023

Wisconsin Core Trust Fund returns 6.91% for the fiscal year

by Lewis Dayton

Wisconsin’s $119.7 billion Core Trust Fund (CTF), managed by the State of Wisconsin Investment Board (SWIB), posted a net return of 6.91 percent for the fiscal year that ended on June 30, 2023.

Over the past three- and five-year periods, the CTF has generated annualized net returns of 8.22 percent and 7.43 percent, respectively. The trust fund outperformed its benchmark of 6.48 percent for the past fiscal year, as well as its annualized benchmarks for the past three- and five-year periods of 7.41 percent and 6.96 percent, respectively.

CTF’s real estate exposure is $12 billion, $957 million more than the end of the last fiscal year. The fund’s current real estate allocation makes up 10.04 percent of its portfolio.

CTF’s real estate investments during the past fiscal year returned -1.05 percent, above its benchmark of -3.91 percent. Over the past three-, five- and 10-year periods, CTF’s annualized real estate returns were 9.47 percent, 7.57 percent and 9.7 percent, each performing above their respective benchmarks of 7.46 percent, 6.56 percent and 8.38 percent.

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