Deutsche Bank’s Performance Analytics group, part of the Bank’s Global Securities Services unit, has determined that in 2001 midsize US defined benefit pension funds in the ICC Universe achieved median returns of -1.5% for midsize public plans, -2.8% for midsize corporate plans, and -1.1% for midsizeTaft-Hartley plans. In 2001 midsize plan returns were lower than their returns posted in 2000, which mirrors the trend of the broader pension universe. Midsize plans have total assets between $50 million and $500 million.
These estimates are based on the master trust data within the Independent Consultants Cooperative portfolio return and holdings database, the ICC Universe. Deutsche Bank includes its trust and custody portfolios in the ICC Universe and administers the service. The ICC Universe includes over 13,900 portfolios, in all asset classes, with an aggregate market value of $780 billion. The portfolios are owned by approximately 1,300 plan sponsors. Sixteen consulting firms belong to the ICC.
Frances Barney, Managing Director of Deutsche Bank’s Performance Analytics Group, commented, “We are pleased to announce the performance of the midsize plan segment of the ICC Universe to demonstrate the screening flexibility of our recently launched custom universe functionality.
Users can establish universe filters based on their unique combination of criteria, such as plan size, time frames, portfolio characteristics, or benchmark hurdles. The ICC Universe is accessible through our interactive web-based platform called db perform.”