The North Carolina state pension fund reported a 4.1 percent gain in the first quarter as its investment in stocks, which account for more than 40 percent of the total fund, rose 7 percent.
Total pension fund assets rose to $92.2 billion, up from $89.1 billion at the end of the first quarter.
Here are quarterly returns for other investments in the pension fund portfolio: private equity, 2.3 percent; non-core real estate, 3.6 percent; opportunistic fixed income, 2.7 percent; fixed income, 1 percent; inflation sensitive, 3.3 percent; core real estate, 3.2 percent.
Over the past 12 months, the pension find earned a 9.6 percent return. Stocks gained 14.9 percent during that span.
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The returns, which are calculated after deducting fees and expenses, were reported by the office of State Treasurer Dale Folwell, who oversees the pension fund.
The state pension fund provides retirement benefits for more than 950,000 North Carolinians, including state employees, teachers, firefighters, police officers and others.