OPEB Trust and Pension Trust
Investment Returns for
Quarter Ending 3/31/2023
Finance Committee
May 24, 2022
QE 3/31/23 Conditions and Impacts
• Continued volatility due to:
• High inflation – Federal Reserve continued to raise interest rates • Crisis in Ukraine
• Markets have had two consecutive quarters of growth
Q3 Investment Report
OPEB Trust
• Value increased from $18.9 M to
$19.6 M (3.78% increase)
• 1 Year return: -5.30%
• Inception (7/1/09) to date return:
5.16%
Pension Trust
• Value increased from $13.8 M to
$14.4 M (4.45% increase)
• 1 Year return: -4.90%
• Inception (9/1/21) to date return:
-6.29%
Questions