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PSERS’ Investment Program Details

Transparency is very important to PSERS and we take our fiduciary duty to our members very seriously.   

PSERS’ investment asset allocation is well-diversified and structured differently than the typical asset allocation of an individual investor. That is one of the main reasons why PSERS endeavors to provide transparency in all of our operations, especially with investment operations, to allow the public to better understand PSERS’ institutional investment program.   

PSERS has a history of providing very detailed information about our investments, not only with regard to investment manager fees, performance, and investment policy and guidelines, but also about the hiring of PSERS’ investment managers.  

 

PSERS' INVESTMENT POLICY STATEMENT, OBJECTIVES AND GUIDELINES

Each year PSERS reviews its investment policy statement, objectives and guidelines and posts an updated copy of the Investment Policy Statement, Objectives, and Guidelines.

Guidelines

 

PSERS’ ASSET ALLOCATION

PSERS' assets have grown from $6 billion in 1982 to $59.1 billion as of June 30, 2019.

PSERS’ MOST RECENTLY RELEASED QUARTERLY INVESTMENT PERFORMANCE

Total Fund Performance

Private Market/Real Estate

 

PSERS’ INVESTMENT MANAGER HIRINGS

  • Detailed information is also available about PSERS’ investment manager hirings, including Board resolutions, staff presentations, and consultant recommendation letters.
     

PSERS’ INVESTMENT MANAGER FEE INFORMATION

PSERS’ PROXY VOTING POLICY

PSERS hires a proxy voting agent to vote PSERS shares according to PSERS established proxy voting policies.  Additional information on PSERS proxy voting policies and voting history is below. 

Diversity in the Boardroom:  PSERS believes that increasing diversity in the boardroom will better reflect a company’s workforce, customers and community, and that this enhances shareholder value. Click here to access the Diverse Director Datasource (3D) website. The DataSource is a clearinghouse for potential corporate director candidates with a special emphasis on a more diverse range of skills and experience. The DataSource was conceived by the California Public Employees’ Retirement System and the California State Teachers’ Retirement System and is now owned and maintained by GovernanceMetrics International (GMI), an independent provider of global corporate governance ratings and research.
 

DIVESTMENT FROM IRAN AND SUDAN

PSERS is required to follow Act 44 of 2010 regarding investments in Iran and Sudan. PSERS works in cooperation with the Pennsylvania Treasury Department, the State Employees' Retirement System, and the Pennsylvania Municipal Retirement System.

FREQUENTLY ASKED QUESTIONS ABOUT PSERS' INVESTMENTS

PSERS receives numerous inquiries about its investment program that may not be addressed in the preceding information. We have taken the Q&A from these inquiries and have included them on our website.  We will update the Q&A on a regular basis to help our members and the public better understand our investment program.
 

PSERS’ REPORTS AND PUBLICATIONS

ARCHIVED INVESTMENT INFORMATION BY FISCAL YEAR

 2018/20192017/2018 | 2016/2017 | 2015/2016 | 2014/2015 | 2013/2014 | 2012/2013 | 2011/2012 | 2010/2011 | 2009/2010 | 2008/2009 | 2007/2008 | 2006/2007 | 2005/2006 | 2004/2005