Minneapolis (MN) ERF — assets, returns and funding
Pensions: all tracked plans · Australian super in numbers · Private market performance · the PE statistics · what plans disclose · where they diverge
Minneapolis (MN) ERF (Minnesota) reported $936m of assets for fiscal year 2014, a one-year investment return of 18.6%, and was 82.0% funded — around the ~80% mark the industry reads as sound.
| Total assets (FY 2014) | $936m |
| 1-year return | 18.6% |
| 5-year return (annualised) | 14.5% |
| 10-year return (annualised) | 8.4% |
| Funded ratio (GASB) | 82.0% |
How the money is invested (asset allocation)
Minneapolis (MN) ERF held 61.4% of its assets in public equities and 23.4% in fixed income (bonds) for fiscal year 2014 — the largest of 6 sleeves it reports, with the rest below:
| Public equities | 61.4% |
| Fixed income (bonds) | 23.4% |
| Misc. alternatives | 12.6% |
| Cash | 2.6% |
| Private equity | 0.0% |
| Hedge funds | 0.0% |
Compare Minneapolis (MN) ERF with similar plans
The plans most worth reading Minneapolis (MN) ERF against — similar in size, or invested in the same managers — side by side, each with its own page for the detail:
| Plan | Assets | 1-yr return | Funded ratio | Why comparable |
|---|---|---|---|---|
| Minnesota GERF | $32.6bn | 10.9% | 87.6% | Same state — Minnesota |
| Minnesota Teachers | $31.3bn | 10.9% | 81.6% | Same state — Minnesota |
| Minnesota State Employees | $19.5bn | 10.9% | 95.0% | Same state — Minnesota |
| Minnesota Police and Fire | $13.1bn | 10.9% | 88.6% | Same state — Minnesota |
| St. Paul (MN) Teachers | $1.4bn | 10.8% | 69.7% | Same state — Minnesota |
| Duluth (MN) Teachers | $226m | 18.3% | 56.9% | Same state — Minnesota |
Questions this page answers
How much does Minneapolis (MN) ERF have in assets?
Minneapolis (MN) ERF reported $936m in total assets for fiscal year 2014, as compiled by the Public Plans Database.
What return did Minneapolis (MN) ERF make on its investments?
Minneapolis (MN) ERF reported a 18.6% one-year investment return for fiscal year 2014, and 8.4% a year over the past ten years, per the Public Plans Database.
Is Minneapolis (MN) ERF fully funded?
Minneapolis (MN) ERF was 82.0% funded for fiscal year 2014 — above the ~80% mark many treat as reasonably sound. US public plans face no federal funding minimum, and actuaries add that the trend matters more than any single line (Public Plans Database).
How is Minneapolis (MN) ERF's money invested?
Minneapolis (MN) ERF held 61.4% of its assets in public equities and 23.4% in fixed income (bonds), its largest sleeves for fiscal year 2014 (Public Plans Database).
See also: all tracked plans · how the private-equity funds these plans invest in have actually performed, from the plans' own disclosures: private market performance, and where plans' numbers diverge on the same fund.