TRSL will be closed Thursday, November 22 and Friday, November 23 for Thanksgiving. Normal business hours will resume Monday, November 26.
Public Assets

Public equity

Public equities consist of publicly traded marketable securities which are traded on a regulated exchange. The public equity markets cover various market capitalization segments and styles in both domestic and international markets. TRSL oversees all investments in this asset class which include program structure, policy development, implementation, external investment manager selection, and program monitoring. TRSL’s public equities are managed both passively and actively in the domestic and international markets by various domestic and international managers.

Fixed income

Fixed income investments are a necessary component of institutional investment portfolios in order to ensure portfolio diversification while providing a reliable source of income. With a low correlation to equity securities, fixed income investments help reduce overall volatility. Examples include investment grade U.S. treasuries, federal agencies, corporate bonds, asset-backed securities (ABS), mortgage-backed securities (MBS) and commercial mortgage-backed securities (CMBS). TRSL’s investments are managed externally by various domestic and global managers.
  
Public Assets: Market Value and Returns (as of September 30, 2018)
           
Account Total Market Value ($)
in millions
Fiscal Year Ending (%) 1-Yr Ending (%) 5-Yrs Ending (%) 10-Yrs Ending (%)
TOTAL FUND 20,481 2.03 10.04 9.15 8.33
TRSL Policy Benchmark   3.31 8.80 8.61 8.46
           
TOTAL PUBLICLY TRADED 13,987 2.86 8.58 8.17 8.47
TRSL Public Benchmark   2.84 6.58 7.40 7.37
           
U.S. EQUITY 6,301 6.49 19.00 12.64 11.37
Russell 3000 Index   7.12 17.58 13.46 12.91
           
INTERNATIONAL EQUITY 3,841 0.02 3.35 6.40 7.15
MSCI EAFE Dividend Index   1.35 2.74 4.42 5.38
           
GLOBAL REIT 203
-0.96
     
FTSE EPRA/NAREIT Dev Index Tri USD   -0.30      
           
U.S. FIXED INCOME 1,319 0.16 -0.66 2.66 4.09
Barclays Cap Aggregate Bond Index   0.02 -1.22 2.16 3.77
           
GLOBAL FIXED INCOME 1,861 -0.12 -1.84 2.43 5.05
Barclays Cap Global Aggregate Bond Index   -0.92 -1.32 0.75 2.89
           
EMERGING MARKET DEBT 300 -2.28 -10.55 -2.25  
JP Morgan GBI-EM Global Diversif Index   -1.83 -7.40 -1.68  
           
UNALLOCATED CASH 162        
           
NOTE: Performance is net of fees.
Slight rounding variance may occur

 
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