Massachusetts Water Resources Authority (“MWRA”) Employees’ Retirement System
Baxter Street Performance Summary
2020
Last 3 Years
Last 5 Years
Since Inception
Years
2012
2013
2014
2015
2016
2017
2018
2019
1
Baxter Street Fund
Gross Return
17.1%
12.3%
13.1%
APPENDIX
12.6%
10.3%
26.2%
0.2%
4.7%
3.5%
26.0%
-7.2%
30.3%
Baxter Street Fund
Net Return
15.4%
10.7%
11.4%
11.0%
9.8%
24.6%
-1.2%
3.2%
1.9%
24.2%
-8.6%
28.4%
MSCI ACWI
ex US
10.7%
4.9%
8.9%
7.0%
9.8%
15.3%
-3.9%
-5.7%
4.5%
27.2%
-14.2%
21.5%
¹2012 performance represents performance for the year beginning September 1, 2012, the inception of the Fund.
As of December 31, 2020. The most current month-end and 2020 performance numbers are estimated. Past performance is not indicative of future results, which may vary. Index performance is shown for illustrative purposes-it is not possible to invest in an Index. See
important performance and other disclosures included at the back of this presentation.
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