1999 IMRF Comprehensive Annual Financial Report

Investments SectionSchedule IIAsset AllocationLast Five YearsFair Value as a Percent of Portfolio1995 1996 1997 1998 1999Fixed IncomeU.S. Government 7.6% 9.2% 6.9% 7.0% 6.1%Corporate 5.5% 6.3% 7.8% 8.9% 7.7%Index Fund 8.1% 6.7% 7.7% 7.7% 9.0%Foreign 8.0% 5.6% 5.7% 4.8% 4.7%29.2% 27.8% 28.1% 28.4% 27.5%StocksU.S. Common & Preferred 25.4% 24.1% 27.8% 31.0% 32.1%U.S. Stock Funds 16.3% 16.9% 14.5% 11.6% 14.8%Foreign Common & Preferred 12.6% 13.3% 12.2% 14.1% 11.3%Foreign Stock Funds 5.1% 6.4% 5.7% 5.5% 5.6%59.4% 60.7% 60.2% 62.2% 63.8%Real EstateCommingled Funds 2.3% 1.9% 2.4% 2.4% 1.9%Directly Owned 2.7% 2.8% 2.5% 2.2% 1.2%5.0% 4.7% 4.9% 4.6% 3.1%Venture CapitalCommingled Funds 1.2% 1.2% 1.2% 1.3% 1.5%Timber and Agricultural 0.4% 0.3% 0.4% 0.5% 0.6%1.6% 1.5% 1.6% 1.8% 2.1%Short-Term Investments 4.8% 5.3% 5.2% 3.0% 3.5%Total Portfolio 100.0% 100.0% 100.0% 100.0% 100.0%46 Illinois Municipal Retirement Fund