The $122 billion Core Fund of the Wisconsin Retirement System (WRS) yielded a return of 11.4 percent during 2023, announced the State of Wisconsin Investment Board.
Over the past five years, the WRS Core Fund has generated net annualized returns of 9.3 percent, and over the past 10 and 20 years, the Core Fund has surpassed its annual target return of 6.8 percent.
“Significant market volatility over the past several years reinforces the importance of maintaining a fully funded pension system,” said Edwin Denson, executive director and CIO, SWIB. “Give the challenges investors continue to navigate, we remain focused on a long-term investment strategy for the WRS that is designed to weather a variety of market climates.”
As of Sept. 30, 10.41 percent ($12.04 billion) of the Core Trust Fund was allocated toward real estate.
