Long description of ERS Trust: Performance vs. ARR and Passive Index table

The image contained in the April "Fourth quarter update of calendar year 2023 about ERS Trust Fund performance" article is a cluster column chart titled “ERS Trust: Performance vs. ARR and Passive Index” comparing the Annualized Net Return for the ERS Trust Performance vs. the Passive Index. The Annualize Net Return is shown on the y-axis. The timeline shown in various increments is on the x-axis. The data is shown in percentages. The "ERS Trust" is depicted as colums, the "Assumed Rate of Return (ARR)" is depicted as a horizontal line and the "Passive Index" is depicted as a small circle. Here is the data comparison from 1 year to 10 years:

• At one-year, the ERS Trust net return was 10.8% and the assumed rate of return was between 6-8%.
• At three-years, the ERS Trust net return was 8.2%, the passive index was 4.4% and the assumed rate of return was between 6-8%.
• At five-years, the ERS Trust net return was 9.8%, the passive index was 9.9% and the assumed rate of return was between 6-8%.
• At 10-years, the ERS Trust net return was 7.6%, the passive index was 6.9% and the assumed rate of return was between 6-8%.