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.

PSERS’ ASSET ALLOCATION

PSERS' assets have grown from $6 billion in 1982 to $51.9 billion as of June 30, 2015.

PSERS’ MOST RECENTLY RELEASED QUARTERLY INVESTMENT PERFORMANCE

PSERS’ INVESTMENT MANAGER HIRINGS

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. 

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.

INVESTMENT-RELATED PRESS RELEASES

PSERS’ REPORTS AND PUBLICATIONS

ARCHIVED INVESTMENT INFORMATION BY FISCAL YEAR

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