LAFPP ANNUAL RETURN
LAFPP is reporting a return of 32.56% for the fiscal year ending June 30, 2021, with assets totaling over $30.7 Billion.
The 32.56% return exceeded LAFPP’s target allocation index of 29.97% by 259 basis points. Investment returns were led by LAFPP’s strong performance in the domestic equities and international equity markets, which generated returns of 46.54% and 40.00%, respectively.
The 32.56% return is above the Fund’s actuarial assumed rate of return of 7.00%, which is the long-term return required to meet current and future obligations for members. Over the longer term, LAFPP’s performance has outperformed its benchmark and ranks in the top quartile versus peers over the three-, five-, seven-, and ten-year periods.
LAFPP’s 10-year investment return is 9.95%, and the 20-year return is 7.91%. LAFPP has a long-term investment horizon and uses an asset allocation encompassing a long-term strategic perspective of the capital markets.
LAFPP is one of the largest public safety pension funds in the United States. The Plan administers retirement and health subsidy benefits for over 26,000 current and retired public safety employees and their beneficiaries for the City of Los Angeles. More information is available at About LAFPP.