- Non-U.S. equities returned 6.9 percent at the median, the highest return of the major asset classes, while U.S. equities returned 4.8 percent.
- Corporate ERISA plans were helped by a significant allocation to high yield, emerging market debt and longer duration investment grade bonds. Those bonds returned considerably more than traditional core bonds, generating approximately 100 basis points of fixed income program returns.
- Public Fund returns were boosted by a relatively large allocation (16 percent) to non-U.S. equity while Corporate ERISA plans and Foundations & Endowments had median allocations closer to 10 percent.
- Foundations & Endowment returns were helped by a smaller allocation (12.4 percent) to domestic fixed income. The median third-quarter return for fixed income was 1.4 percent, the weakest of the major asset classes.
|Longer-term returns as of September 30, 2016 are as follows:|
|3rd Qtr||1 Yr||3 Yr||5 yr|
|Foundations & Endowments||3.7%||7.0%||5.3%||8.6%|