The STF Value-Add

The Federation benchmarks its investment results against an index that represents the broader market. This way we can determine how much value our efforts add to the bottom line. Over the four-year term, the Federation has underperformed these benchmarks by -0.14 percent, as challenges in the 2024-25 year reduced longer-term returns. Recent challenges were linked to equity portfolios, which trailed a stock market driven by a narrow set of technology stocks, and a real estate portfolio that failed to keep up with inflation-linked benchmarks. These setbacks are considered to be short-term, and investment portfolios continue to follow long-term investment plans that focus on steady and sustainable growth over time.