CalPERS 2019-20 Annual Performance Report
By CalPERS
The 2019-20 CalPERS Annual Performance Report provides a snapshot of our performance during the fiscal year and how we monitor our progress towards achieving our strategic goals and operational outcomes.* This report demonstrates our pledge to operate in an open and transparent manner. Our employees, members and stakeholders can see where we’re successful and where additional support may be needed. The pandemic hit the global economy very hard, but we’ve been preparing for a downturn for some time. We were in a strong position to reduce its impact on our portfolio and take advantage of new opportunities created by the new economic climate. We ended our fiscal year on June 30, 2020 with a preliminary 4.7% net rate of return on investments. Although our target is a 7.0% annual rate of return, we’re happy to say that we outperformed our benchmark by 1.5% during this global crisis.
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