All master trusts had a median quarterly return of 9.77 percent and a median 12-month return of -17.00 percent. Corporate plans saw an annual median return of -16.84 percent while public funds racked up a 10.86 percent median quarterly return and a -17.06 percent median performance for the year. For foundations and endowments the median quarterly return was 10.66 percent.
âThe U.S. stock market saw a $1.5 trillion paper gain during the second quarter as the Wilshire 5000 Total Stock Market IndexSM marked its first positive quarter since a 1.46 percent increase during the third quarter of 2007,â said Hilarie C. Green, CFA, managing director and head of Wilshire Analyticsâ Performance Reporting division. âAt the end of the quarter, U.S. stocks had gained 38.33 percent since their recent low on March 9, 2009, which reduced the market sell-off to -38.30 percent since the Wilshire 5000âs high in October 2007. Each individual month within the quarter enjoyed a positive return, as Juneâs narrow 0.35 percent gain represented the marketâs fourth consecutive up month,â she noted.
Green noted that according to the Wilshire TUCS Equity Style Analysis, âSize, as measured by market capitalization, was the stronger factor in performance this quarter for equity managers. Small cap managers had the best performance returning 21.79 percent, followed by mid cap at 18.56 percent and large cap at 15.96 percent,â she said. âThe impact of style was smaller with value managers posting a median return of 18.26 percent and growth managers returning 17.04 percent. With regard to fixed income, high yield managers did very well this quarter compared to the other types of fixed income manager styles,â Green concluded.