Long description of ERS Trust: Performance vs. ARR and Passive Index table

The image contained in the July "ERS Trust Fund performance in the first quarter of CY24" article is a cluster column chart titled “ERS Trust: Performance vs. ARR and Passive Index” comparing the Annualized Net Return for the ERS Trust Performance vs. the Policy Benchmark. The Annualize Net Return is shown on the y-axis. The timeline shown in various increments is on the x-axis. The data is shown in percentages. The “ERS Trust” is depicted as columns, the “Assumed Rate of Return (ARR)” is depicted as a horizontal line and the “Passive Index” is depicted as a small circle. Here is the data comparison from one year to 10 years:

• At one-year, the ERS Trust net return was 11.8%, the passive index was 18.4% and the assumed rate of return was 7%.
• At three-years, the ERS Trust net return was 7.9%, the passive index was 5.1% and the assumed rate of return was 7%.
• At five-years, the ERS Trust net return was 9.3%, the passive index was 9.0% and the assumed rate of return was 7%.
• At 10-years, the ERS Trust net return was 7.9%, the passive index was 7.4% and the assumed rate of return was 7%.