US public pension profile· MPORS
Montana Municipal Police Officers' Retirement System (MPORS)
Funding, investment choices and long-term returns.
Montana ·Fiscal year 2025
MPORS: fiscal year 2025 at a glance
- Market value of assets
- USD 0.7 billion
- Total membership
- 2,362
- Funded ratio
- 74.60%
- Assumed investment return
- 7.30%
Asset allocation in 2025
| Public equity | 42.90% |
|---|---|
| Fixed income | 20.87% |
| Private equity | 17.72% |
| Real estate | 12.26% |
| Hedge funds | 0.00% |
| Cash | 0.00% |
Returns to 2025
| One year | 9.46% |
|---|---|
| Five years | 9.62% |
| Ten years | 7.89% |
MPORS: size and funding over time
| Fiscal year | Market value of assets | Membership | Funded ratio | Return assumption |
|---|---|---|---|---|
| 2001 | USD 0.1 billion | Not reported | Not reported | Not reported |
| 2002 | USD 0.1 billion | 1,228 | 63.27% | 8.00% |
| 2003 | USD 0.1 billion | 1,230 | Not reported | 8.00% |
| 2004 | USD 0.1 billion | 1,232 | 63.27% | 8.00% |
| 2005 | USD 0.2 billion | 1,241 | 57.48% | 8.00% |
| 2006 | USD 0.2 billion | 1,266 | 57.68% | 8.00% |
| 2007 | USD 0.2 billion | 1,307 | 60.43% | 8.00% |
| 2008 | USD 0.2 billion | 1,401 | 64.82% | 8.00% |
| 2009 | USD 0.2 billion | 1,445 | 62.08% | 8.00% |
| 2010 | USD 0.2 billion | 1,509 | 57.19% | 7.75% |
| 2011 | USD 0.2 billion | 1,526 | 55.23% | 7.75% |
| 2012 | USD 0.2 billion | 1,544 | 54.77% | 7.75% |
| 2013 | USD 0.3 billion | 1,573 | 58.37% | 7.75% |
| 2014 | USD 0.3 billion | 1,604 | 62.98% | 7.75% |
| 2015 | USD 0.3 billion | 1,650 | 65.98% | 7.75% |
| 2016 | USD 0.3 billion | 1,703 | 68.79% | 7.75% |
| 2017 | USD 0.4 billion | 1,784 | 68.66% | 7.75% |
| 2018 | USD 0.4 billion | 1,830 | 67.69% | 7.65% |
| 2019 | USD 0.4 billion | 1,914 | 69.23% | 7.34% |
| 2020 | USD 0.5 billion | 1,975 | 70.76% | 7.34% |
| 2021 | USD 0.6 billion | 2,039 | 74.31% | 7.65% |
| 2022 | USD 0.5 billion | 2,109 | 71.26% | 7.30% |
| 2023 | USD 0.6 billion | 2,190 | 72.65% | 7.30% |
| 2024 | USD 0.6 billion | 2,274 | 74.79% | 7.30% |
| 2025 | USD 0.7 billion | 2,362 | 74.60% | 7.30% |
MPORS: asset allocation over time
| Fiscal year | Public equity | Fixed income | Private equity | Real estate | Hedge funds | Cash |
|---|---|---|---|---|---|---|
| 2001 | 49.40% | 38.83% | 7.99% | 0.25% | 0.00% | 3.53% |
| 2002 | 53.01% | 40.59% | 3.58% | 0.27% | 0.00% | 2.56% |
| 2003 | 57.16% | 34.15% | 5.62% | 0.27% | 0.00% | 2.80% |
| 2004 | 63.14% | 28.92% | 4.27% | 0.28% | 0.00% | 3.39% |
| 2005 | 62.93% | 30.35% | 4.66% | 0.26% | 0.00% | 1.80% |
| 2006 | 63.15% | 27.78% | 5.79% | 0.68% | 0.00% | 2.60% |
| 2007 | 62.55% | 25.10% | 7.72% | 1.94% | 0.00% | 2.70% |
| 2008 | 58.11% | 26.65% | 9.84% | 4.30% | 0.00% | 1.09% |
| 2009 | 52.58% | 30.24% | 11.37% | 4.89% | 0.00% | 0.91% |
| 2010 | 50.64% | 29.12% | 13.09% | 5.43% | 0.00% | 1.73% |
| 2011 | 55.03% | 24.65% | 12.32% | 6.52% | 0.00% | 1.48% |
| 2012 | 53.10% | 24.90% | 13.09% | 8.05% | 0.00% | 0.86% |
| 2013 | 54.92% | 22.15% | 12.51% | 9.16% | 0.00% | 1.26% |
| 2014 | 57.03% | 21.71% | 10.51% | 8.65% | 0.00% | 2.10% |
| 2015 | 56.35% | 22.34% | 10.70% | 8.83% | 0.00% | 1.77% |
| 2016 | 53.17% | 23.61% | 11.15% | 9.24% | 0.00% | 2.83% |
| 2017 | 52.59% | 27.36% | 12.49% | 7.56% | 0.00% | 0.00% |
| 2018 | 52.91% | 26.89% | 13.19% | 7.01% | 0.00% | 0.00% |
| 2019 | 46.11% | 28.57% | 14.87% | 7.50% | 0.00% | 2.95% |
| 2020 | 48.16% | 25.51% | 13.09% | 8.57% | 0.00% | 1.60% |
| 2021 | 48.27% | 21.72% | 14.74% | 9.31% | 0.00% | 1.48% |
| 2022 | 44.08% | 19.36% | 17.16% | 12.57% | 0.00% | 1.37% |
| 2023 | 43.20% | 19.60% | 17.34% | 12.02% | 0.00% | 1.70% |
| 2024 | 42.29% | 21.96% | 17.19% | 12.43% | 0.00% | 0.00% |
| 2025 | 42.90% | 20.87% | 17.72% | 12.26% | 0.00% | 0.00% |
MPORS: investment returns
Each year shows the return over the preceding one, five and ten years.
| Fiscal year | One year | Five years | Ten years |
|---|---|---|---|
| 2001 | -5.04% | 9.91% | Not reported |
| 2002 | -7.23% | 4.46% | Not reported |
| 2003 | 6.61% | 2.60% | Not reported |
| 2004 | 13.43% | 2.84% | Not reported |
| 2005 | 8.13% | 2.87% | Not reported |
| 2006 | 9.07% | 5.76% | Not reported |
| 2007 | 17.96% | 10.97% | Not reported |
| 2008 | -4.86% | 8.47% | 5.47% |
| 2009 | -20.69% | 0.98% | 1.89% |
| 2010 | 12.87% | 1.85% | 2.35% |
| 2011 | 21.79% | 4.12% | 4.93% |
| 2012 | 2.41% | 1.22% | 5.98% |
| 2013 | 13.04% | 4.77% | 6.60% |
| 2014 | 17.16% | 13.27% | 6.95% |
| 2015 | 4.58% | 11.55% | 6.59% |
| 2016 | 2.07% | 7.68% | 5.89% |
| 2017 | 11.94% | 9.62% | 5.33% |
| 2018 | 8.85% | 8.79% | 6.75% |
| 2019 | 5.71% | 6.57% | 9.86% |
| 2020 | 2.72% | 6.19% | 8.83% |
| 2021 | 27.73% | 11.06% | 9.36% |
| 2022 | -4.32% | 7.63% | 8.62% |
| 2023 | 8.49% | 7.56% | 8.17% |
| 2024 | 9.06% | 8.23% | 7.40% |
| 2025 | 9.46% | 9.62% | 7.89% |