Financial Reports & Policies

Investment Update

The City of Milwaukee Pension Fund reported a return of 6.8%, net of fees, in 2024. This return underperformed the Fund’s blended benchmark by -3.9%. Stocks extended a bull market, and the Fed lowered interest rates, but the 10-year US Treasury yield actually increased at year-end. The Fund’s public equity allocation had a return of 11.7%, net of fees, for the full year. Fixed income was up 2.5%, net of fees. Absolute return was up 11.6%, net of fees. Private equity and real assets, which both report returns on a 1-quarter lag, had returns of 5.7% net of fees, and -1.1% net of fees, respectively. Values in the real assets sectors appear to be stabilizing, but the higher level of interest rates, as well as uncertainty in the office sector, continued to weigh on returns. The value of the Fund on December 31, 2024, totaled approximately $5.86 billion.

Financial Reports & Policies

Investment Update

Financial Reports

Annuity & Pension Board's Report

Actuarial Valuations

Capital Market Summaries

GASB 67 Plan Reports

Annual Comprehensive Financial Reports / Financial Statements

Schedules of Employer Allocations and Pension Amounts

Report on Internal Controls

Kuhns' Survey of Large Pension Funds

Performance Reports

Investment Policies