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 reviews the IPS and Stand Alone Policies at a minimum on an annual basis. Updated copies of the IPS and Stand Alone Policies are posted throughout the year whenever a change is made to the documents.
IPS and Stand-Alone Policies
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
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.
PSERS’ REPORTS AND PUBLICATIONS
ARCHIVED INVESTMENT INFORMATION BY FISCAL YEAR
2019/2020 | 2018/2019 | 2017/2018 | 2016/2017 |
2009/2010 | 2008/2009 |