Rhode Island Pension Fund Outperforms Market in October

November 18, 2020: This October, as the U.S. stock market fell by -2.16% (as measured by the Russell 3000), the Rhode Island pension system declined by only -1.09%, benefitting from the diversification of the plan's Back to Basics investment strategy and ending the month with $8,680,681,661 in total plan assets. The plan also outperformed a 60% stock / 40% bond benchmark for the month, which would have declined by -1.64%.

Over the past five years the Rhode Island pension system has outperformed both of its benchmarks, earning an average annual return of 6.90%, as compared to the 6.36% return for the internal plan benchmark and a 60% stock / 40% bond benchmark return of 6.75%.

Detailed information about the fund, including the 'Back to Basics' investment strategy, performance, and detailed information about its managers are published online as part of Treasurer Magaziner's "Transparent Treasury" initiative at investments.treasury.ri.gov.

Note: All performance is reported on a "net of fees" basis.