Montana PERS — assets, returns and funding
Pensions: all tracked plans · Australian super in numbers · Private market performance · the PE statistics · what plans disclose · where they diverge
Newest reported year for this plan: fiscal year 2025 —
public plans publish audited figures 6–12 months after year end, and the database compiles
them in batches, so this is the current public record, not a stale copy.
Montana PERS (Montana) reported $7.6bn of assets for fiscal year 2025, a one-year investment return of 9.5%, and was 74.5% funded — meaning the assets on hand covered that share of the benefits it has promised.
| Total assets (FY 2025) | $7.6bn |
| 1-year return | 9.5% |
| 5-year return (annualised) | 9.6% |
| 10-year return (annualised) | 7.9% |
| Funded ratio (GASB) | 74.5% |
How the money is invested (asset allocation)
Share of total assets by sleeve, as the plan reported it for FY 2025 — sleeves the plan does not report are omitted:
| Public equities | 41.8% |
| Fixed income (bonds) | 20.3% |
| Private equity | 17.3% |
| Real estate | 11.9% |
| Commodities | 6.1% |
| Cash | 2.6% |
| Hedge funds | 0.0% |
Figures as reported for fiscal year 2025 · Data: Public Plans Database (Center for Retirement Research at Boston College / MissionSquare Research Institute / NASRA) — used with attribution under its non-commercial terms · Refresh: quarterly pull, annual figures · Limitations: public plans report with a lag — FY figures arrive months after year end; returns are as reported by the plan, net/gross basis varies by plan
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.