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dcrb

District of Columbia Retirement Board
 

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Investments

Investments

Investments Overview

The District of Columbia Retirement Board (DCRB), a defined benefit plan, manages and controls the assets belonging to the Teachers’ Retirement Plan and the Police Officers and Firefighters’ Retirement Plan. DCRB is charged by law with responsibility for the investment of these assets.
 

Historical Fund Rates of Return

The DCRB  Fund Performance (Gross of Fees) as of September 30, 2021 is shown below:

Return

1 Year  Annualized 

3 Year Annualized

5 Year Annualized

10 Year Annualized

20 Year Annualized

Since Inception

Total Fund  (gross of fees)

  20.9%

  9.8%

  9.5%

  8.6%

  6.8%

  8.8%

Interim Policy Benchmark*

  21.0%

 10.5%   9.9%   8.8%   ---

   ---

Long Term Policy Benchmark**   ---    ---   --- ---   7.2%    9.7%
Excess      -0.1%   -0.7%   -0.4%   -0.2%   -0.4%   -0.9%

*As of 9/30/21, the Interim Policy Benchmark is a composite of 10.9% MSCI Emerging Markets ND; 2.2% BC Global Agg ex USD; 6.7% BC (LB) US TIPS; 3.5% BC US Corporate High Yield; 3.5% Credit Suisse Leveraged Loan; 7.4% DCRB CA Glob PE & VC Idx(1QLag); 3.4% DCRB CA RE Idx (1QLag); 2.9% Total Public RE; 1.5% DCRB CA Energy & Royalties(1QL); 17.5% MSCI World ex USA ND; 1.5% HFR Fund Weighted Composite; 7.6% BC U.S. Aggregate; 4.3% 50% JPM GBI-EM Global Diversified / 50% JPMorgan EMBI Global Diversified; 21.9% Russell 3000; 0.6% DCRB CA Infra(1QLag); 3.2% BC U.S. Long Govt. Bond Index; 1.1% ICE BofA ML 90 Day T-Bills; 0.3% DCRB CA Private Debt (1QLag).                                                                                                                                                                                   
**As of 9/30/21, the Long-Term Policy Benchmark is a composite of 11% MSCI Emerging Markets ND; 5.5% Barclays US TIPS; 8.5% FTSE EPRA NAREIT Global Net; 2% S&P Global Natural Resources; 19.5% MSCI World ex USA ND; 8.5% BBG Barclays US Aggregate; 5% Barclays US Corporate HY; 3% ICE BofA 3 Month Treasury Bill; 26% Russell 3000; 2% CSFB Leveraged Loan; 2% Barclays Global Aggregate ex US; 2% JPM GBI-EM Global Diversified; 2% JPM EMBI Global Diversified; 3% Barclays US Long Treasury Bond.

Note: All returns are time-weighted and gross of fees.

Other Investments Resources

For more information on Investments, access the links below:

Service Contact: 
Investment Department
Contact Email: 
Contact Phone: 
(202) 343-3207
Contact Fax: 
(202) 566-5001
Contact TTY: 
711