Massachusetts Water Resources Authority (“MWRA”) Employees’ Retirement System slide image

Massachusetts Water Resources Authority (“MWRA”) Employees’ Retirement System

MWRA Performance Summary Year 2016 2017 2018 2019 2020 Account MWRA Employees' Retirement System Ending Value $28,103,461 $28,789,288 $26,476,414 $34,180,021 $40,962,049 Returns QTD 2020 Inception Date Last 3 Years (Annualized) Since Inception (Annualized) Net Capital Flows $27,500,000 ($6,000,000) May 2016 APPENDIX $1,000,000 Year-End Assets & Performance Account Gross 3.9% 25.8% -7.1% 30.4% 17.4% Account Gross 13.8% 17.4% 12.5% Fund Name 14.2% Baxter Street Offshore Fund, Ltd. Account Net 3.2% 24.6% -8.0% 29.1% 16.2% Account Net 13.5% 16.2% 11.3% 13.1% Reporting Date 12/31/2020 MSCI ACWI ex US 2.2% 27.2% -14.2% 21.5% 10.7% MSCI ACWI ex US 17.0% 10.7% 4.9% 9.1% Net Excess 1.0% -2.6% 6.2% 7.6% 5.6% Net Excess -3.5% 5.6% 6.5% 4.0% As of December 31, 2020. Please refer to performance and other disclosures included at the end of the NEPC Manager Due Diligence Questionnaire -Update, provided separately. For internal use only-unaudited figures. Client should contact their administrator for official performance figures. Most recent MTD & 2020 performance and AUM figures are estimates. 24
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