VRS 80 Years Celebration & Overview
Insights on Public Equity
Performance
Excess returns as of April 30
10 Yr
5 Yr
3 Yr
1 Yr
FYTD
Public Equity
-0.8%
-0.5%
+0.6%
+0.8%
V Virginia
Retirement
RS System
16
Looking at returns by calendar year
ā
For the 10-year period, 2013-2022, VRS outperformed in 7 out of 10 years.
VRS outperformed in every year post-GFC (2008) through 2017.
Performance is typically within +/- 1% of benchmark.
As the pandemic inception year, 2020 was an exception, with the bulk of market
returns driven by five to six tech stocks.
Our disciplined approach to portfolio management impacted performance in 2018-
2020 (especially 2020) and will continue to affect longer-term results for a few more
years.
The portfolio has resumed its pattern of outperformance relative to the benchmark
for the most recent periods.View entire presentation