TRSL will be closed Tuesday, February 28 in observance of Mardi Gras. Normal business hours resume Wednesday, March 1.
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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 December 31, 2016)
Account Total Market
Value ($)
Fiscal Year
Ending (%)
1-Yr
Ending (%)
5-Yrs
Ending (%)
10-Yrs
Ending (%)
           
TOTAL FUND 17,100,366,153 4.25 8.70 9.32 5.30
TRSL Policy Benchmark   5.32 10.39 9.37 5.15
           
TOTAL PUBLICLY TRADED 12,009,283,185 4.27 7.96 8.52 4.80
TRSL Public Benchmark   4.48 8.62 8.18 4.16
           
U.S. EQUITY 5,459,687,489 8.15 10.45 13.69 6.44
Russell 3000 Index   8.79 12.74 14.67 7.07
           
INTERNATIONAL EQUITY 3,112,530,352 3.68 4.60 6.67 1.64
MSCI EAFE Net Dividend Index   5.67 1.00 6.53 0.75
           
U.S. FIXED INCOME 1,241,132,961 -1.70 4.07 3.10 3.95
Barclays Cap Aggregate Bond Inde   -2.53 2.65 2.23 4.34
           
GLOBAL FIXED INCOME 1,716,366,201 -1.93 6.98 2.35 5.19
Barclays Cap Global Aggregate Bond Index   -6.31 2.09 0.21 3.29
           
EMERGING MARKET DEBT 265,856,272 -3.13 10.43    
JP Morgan GBI-EM Global Diversif Index   -3.58 9.94 -1.29 3.82
           
UNALLOCATED CASH 131,261,534 0.34 0.54 0.23 0.95

NOTE: Performance is net of fees.