The New York State Common Retirement Fund's (Fund) overall estimated value in the first quarter of the State Fiscal Year 2018-2019 was $209.2 billion, based on a 1.53 percent investment return over the three-month period ending June 30, 2018, according to New York State Comptroller Thomas P. DiNapoli.

"The Fund saw steady growth in the first quarter," DiNapoli said. "New York state's pension fund is designed and prudently managed to provide sustainable investment returns over the long-term, that means adjusting to conditions and finding opportunities even when markets are uncertain."

The Fund's estimated value reflects benefits of $2.8 billion paid out during the first quarter. The Fund's audited value as of the March 31, 2018 end of fiscal year 2017-2018 was $207.4 billion, revised upward from the initial estimate of $206.9 billion.

As of June 30, 2018, the Fund had 40.3 percent of its assets invested in publicly traded domestic equities and 16.1 percent in international public equities. The remaining Fund assets by allocation are invested in cash, bonds and mortgages (23.6 percent), private equity (8.3 percent), real estate (7.0 percent), absolute return strategies (2.7 percent) and opportunistic alternatives and real assets (2.0 percent).

DiNapoli initiated quarterly investment performance reporting in 2009 as part of his on-going efforts to increase accountability and transparency. Quarterly rates of return provide a snapshot of performance over three months and a fraction of the annual investment return.

About the New York State Common Retirement Fund

The New York State Common Retirement Fund (Fund) is the third largest public pension plan in the nation with an audited value of $207.4 billion in assets (as of March 31, 2018) held in trust for the retirement security of the more than one million members of the New York State and Local Retirement Systems (NYSLRS). As a long-term investor, the Fund has an investment approach which capitalizes on market opportunities and weathers market ups and downs. The Fund is widely regarded as one of the nation's best-managed and best-funded pension plans.

Find out how your government money is spent at Open Book New York. Track municipal spending, the state's 150,000 contracts, billions in state payments and public authority data. Visit the Reading Room for contract FOIL requests, bid protest decisions and commonly requested data.