St. Johns County hears strong 2025 investment returns from PFM
April 07, 2026 | St. Johns County , Florida
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PFM Asset Management presented the county’s calendar‑year 2025 investment performance to the Board of County Commissioners on April 7.
Richard of PFM told the commission the one‑to‑three‑year operating portfolio returned 5.52% for 2025 and the one‑to‑five‑year portfolio returned 6.24%, with both outperforming their benchmarks. PFM reported the county’s OPEB portfolio returned roughly 15.93% in 2025, describing that result as a third consecutive year of double‑digit returns for that fund. PFM also reported portfolio growth in dollar terms and said portfolios were in compliance with state law and the county’s investment policy.
Commissioners asked for dollar equivalents for the returns; PFM supplied fund‑level dollar growth for the two portfolios discussed (6.2 million and 17.5 million for the two referenced portfolios) and said expected yields for operating portfolios in 2026 were roughly 4–4.5% depending on market conditions. Commissioners thanked presenters; there was no recorded vote tied to the report.
Richard of PFM told the commission the one‑to‑three‑year operating portfolio returned 5.52% for 2025 and the one‑to‑five‑year portfolio returned 6.24%, with both outperforming their benchmarks. PFM reported the county’s OPEB portfolio returned roughly 15.93% in 2025, describing that result as a third consecutive year of double‑digit returns for that fund. PFM also reported portfolio growth in dollar terms and said portfolios were in compliance with state law and the county’s investment policy.
Commissioners asked for dollar equivalents for the returns; PFM supplied fund‑level dollar growth for the two portfolios discussed (6.2 million and 17.5 million for the two referenced portfolios) and said expected yields for operating portfolios in 2026 were roughly 4–4.5% depending on market conditions. Commissioners thanked presenters; there was no recorded vote tied to the report.
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