PSPRS maintains one of the nation’s most diversified public pension investment portfolios. Its portfolio structure and calculated use of alternative investments, such as private equity and private credit, is well-known and its results are respected by peer institutions, industry trade groups and financial media.
Peer pension plans, to various degrees, are also increasingly pursuing alternative strategies to help produce returns while minimizing the risk of investment losses that occur when public markets fluctuate.
After achieving a record-setting net of fee return of 27.8 percent for the fiscal year ending June 30, 2021, PSPRS investment returns achieved -4 percent for the 2022 fiscal year. The returns, while favorable compared to internal benchmarks, were the result of highly volatile markets and steep declines in public equities.
The PSPRS trust portfolio remains well-positioned for the future as staff continues to take a cautious approach to investing. The PSPRS trust held approximately $17.8 billion as of June 30, 2022.
More information about PSPRS investment strategy and portfolio allocation is available in a playlist on the PSPRS YouTube channel.
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| 1 Year | Annualized 3 Years | Annualized 5 Years | Annualized 7 Years | Annualized 10 Years | |
| Performance PSPRS Trust | -4.0 | 7.4 | 6.9 | 6.7 | 7.4 |
| System Benchmark | -10.5 | 6.0 | 6.4 | 6.4 | 7.1 |
| US Public Equity | -12.7 | 10.3 | 10.8 | 10.1 | 11.9 |
| International Public Equity | -19.5 | 1.5 | 2.8 | 3.2 | 5 |
| Buyouts & Venture Capital | 7 | 20.3 | 16.9 | 15.6 | 16.1 |
| Real Estate | 14.4 | 3.4 | 2.4 | 2.5 | 2.1 |
| Real Assets | 11.4 | 5.3 | 4.5 | 4.7 | 4.2 |
| Other Assets | 5.9 | 8.8 | 6.7 | 7.6 | 9.7 |
| Core Bonds | -4.6 | -0.3 | 1.4 | 1.6 | 2 |
| Private Lending | 6.7 | 7.6 | 7.8 | 7.9 | 7.9 |
| Special Credit | 4.7 | 8.4 | 9.2 | 9.4 | 10.9 |
| Other Assets | 0.5 | 5.2 | 5.1 | 6.1 | 5.9 |
| Other Public Holding | -5.9 | – | – | – | – |
| Other Private Holding | 1.3 | 8.6 | 7.6 | 13.2 | 14.1 |
| Diversifying Strategies | -0.4 | 4.0 | 4.7 | 3.8 | 4.1 |
| PSPRS Cash | 0.2 | 0.8 | 1.8 | 1.9 | 2.2 |
