Wisconsin Retirement System outperforms return benchmarks

The State of Wisconsin Investment Board (SWIB) has announced 2022 preliminary returns for the fully funded $123 billion Wisconsin Retirement System (WRS).

The funds in the WRS are divided among broad asset classes, such as real estate, stocks, bonds and other types of investments.

The core fund, the larger of the two WRS trust funds with more than $114 billion in assets, ended the year with a preliminary one-year net return of -12.92 percent and preliminary five-year net return of 6.16 percent. The core fund’s 10-year and 20-year returns net of external manager fees continued to exceed its target return of 6.8 percent. SWIB outperformed its benchmarks for all these periods.

“The past year presented a unique set of challenges for investors navigating volatile financial markets,” said Edwin Denson, executive director and CIO at SWIB. “Investors faced concerns from persistent supply chain issues to the great resignation, to the Federal Reserve raising inter