Annual Reports

The Montana Board of Investments (Board) is honored to submit its Annual Report for the fiscal year ending June 30, 2020. This report, required by law, discloses investment performance for the past fiscal year, summarizes the in-state investment activities of the Board, and provides public access to audited financial statements.  Unless otherwise noted, all references to years in this report are state fiscal years beginning July 1 and ending June 30.

FY2020 Annual Report
FY2020 Unified Investment Program Financial Statements
FY2020 Enterprise Fund Financial Statements

Past Annual Reports and Audits


Archived Annual Reports and Statements

Reports prior to 2019 have been archived through The Montana State Library Archives

Visit the Montana State Library Archives