South Dakota School and Public Lands Fund

South Dakota School and Public Lands Fund is a government agency based in Pierre, South Dakota. The agency is a permanent trust fund established by the South Dakota Constitution for the use and maintenance of public schools in the state. Its objective is to provide a distribution of income to the common schools (K-12) on a per-student basis each year, provide a distribution of income to the schools of higher education, and promote the inflation-adjusted growth of the fund through the constitutionally-mandated CPI adjustment. The agency is managed and administered by the South Dakota Investment Council.South Dakota School and Public Lands Fund's investment portfolio is valued at over $302.23 million, with investments in private equity, real estate, natural resources, publicly-traded equities, fixed income securities, and cash. The fund's return for 1 year, 5 years, 10 years, and 20 years were 5.9%, 5.6%, 9.7%, and 6.8%, compared to the benchmark return of 8.6%, 6.5%, 9.1%, and 7.0%, respectively.