Asset Allocation as of Dec. 31, 2018
Using the combined resources of external investment managers, internal staff and consultants, TRS invests the trust assets in accordance with the general fiduciary rules of both state and federal laws. The market value of the TRS total fund on Dec. 31, 2018 was $49.05 billion. Below is the asset allocation as of Dec. 31, 2018.
|Real Assets Composite||$7,218.3||14.7|
|Diversifying Strategies Composite||$5,181.3||10.6|
Listed below are the rates of return by asset class for the one–, three–, five–, and ten–year periods ending Dec. 31, 2018. Returns are after payment of investment expenses. Benchmarks are listed to comply with Public Act 96–0006.
|TRS Total Fund||(1.3)||6.7||5.7||8.6|
|TRS Policy Index||(1.9)||6.5||5.8||8.9|
|Equity Composite Benchmark||(7.3)||8.0||6.1||11.4|
|Income Composite Benchmark||0.1||2.0||2.4||3.3|
|Real Assets Composite3||4.9||6.6||7.9||4.9|
|Real Assets Composite Benchmark||6.8||7.2||8.7||7.2|
|Diversifying Strategies Composite4||(3.7)||1.8||2.2||6.4|
|Diversifying Strategies Composite Benchmark||5.9||5.8||5.4||5.7|
- The Equity Composite consists of domestic equity, international equity, private equity, and opportunistic real estate.
- The Income Composite consists of short duration, core/core plus, non-dollar/EMD, floating rate, and private debt.
- The Real Assets Composite consists of core/value-add real estate, inflation-linked securities, targeted real assets, and farmland/other.
- The Diversifying Strategies Composite consists of risk parity, global macro/GTAA, and absolute return.