b'INVESTMENT PERFORMANCEThe investment objective of the total Fund over a fullallocationperformanceandactuarialcompara-market cycle (usually five to seven years) is to earntive data, the Systems Fund was ranked in the 44th a return on investments matching or exceeding thepercentileamongpeersfortheone-yearperiod, actuarial assumed rate of return of 7.00% and invest- the61stpercentileforthethree-yearperiod,the ment performance above the median of a sampling16th percentile for the five-year period, and the 19th of public funds. percentile for the seven-year period ending June 30, 2025.Overthepastfiveyears,theSystemexperienced annualized returns of 10.15%, exceeding the actuari- The Systems top performers during this past year al assumed rate of return and the RVK Public Fundswere its International Equity and Domestic Large Cap median return of 8.99%. For the one- and three-yearEquity portfolios, which generated returns of 21.14% periods, the Systems overall investment returns wereand 15.09%, respectively. The Cash portfolio was the 11.26% and 9.65%, respectively. Funds worst performer at 4.82%.AccordingtotheRVKPublicFunduniverse,which analyzesmorethan400fundstocompareasset SECTION 4INVESTMENTS 99'