Trustees review investment results: capital reserves and trust funds post positive returns

Trustees examined investment performance for the Capital Reserve Funds and the total Trust Funds at their June 15 meeting. The minutes record performance figures net of fees for multiple time frames and asset classes.

For Capital Reserve Funds the minutes list year-to-date return 3.25% and one-year return 7.01% versus benchmarks of 1.53% and 5.06%. The equity portion was 11.99% YTD (benchmark 11.41%) and 23.37% for the most recent year (benchmark 23.46%). Fixed income for the Capital Reserve Funds was 0.70% YTD and 2.77% for the year (benchmarks 0.51% and 2.89%).

The total Trust Funds performance was recorded as 5.52% YTD and 11.95% for one year against benchmarks of 5.85% and 12.96%. Equity performance for the Trust Funds was 10.24% YTD and 21.00% for the year (benchmarks 11.41% and 23.46%); fixed income was -0.07% YTD and 2.21% for the year (benchmarks -0.40% and 3.14%). Trustees noted these figures were net of fees and that the bank representatives were present for the discussion.