Breadcrumb Home INTERACTIVE June 10, 2013 01:00 AM Fixed-income exposure of public pension plans Ranked by total fixed-income assets, in millions, as of June 30, 2012, unless otherwise noted Tweet Share Share Email More % OF PORTFOLIO IN Pension planFixed-income assetsPortfolio duration U.S. Treasuries & agenciesCorporate securitiesNon-government asset-backed securities1International securitiesOtherCash21California Public Employees$56,518 7.0 40.8%19.5%28.4%9.4%1.8%0.0%2Florida State Board$42,847 3.0 44.6%14.6%5.8%8.0%0.7%26.3%3New York State Common3$33,441 6.6 50.6%24.5%24.9%0.0%0.0%0.0%4California State Teachers$32,351 3.7 23.4%24.8%26.3%0.0%10.4%15.1%5North Carolina$27,600 NA 58.8%37.7%2.2%0.0%0.0%1.3%6Wisconsin Investment Board$25,804 5.9 27.6%20.3%0.1%14.5%30.3%7.3%7Ohio Public Employees4$23,598 3.8 45.0%25.7%6.4%10.5%3.0%9.4%8Texas Teachers5$20,107 9.8 96.7%0.3%2.6%0.5%0.0%0.0%9New Jersey$20,005 NA 20.3%52.2%0.3%14.4%12.8%0.0%10Virginia Retirement$19,846 3.8 27.6%63.7%3.4%0.0%4.5%0.9%11Georgia Teachers$15,588 5.0 56.5%37.3%0.0%3.6%2.6%0.0%12New York State Teachers$15,362 2.8 46.6%28.2%6.5%0.0%0.0%18.8%13Oregon Public Employees$14,705 4.1 25.5%21.8%10.6%18.7%23.1%0.4%14Pennsylvania School Employees$14,452 3.1 13.6%9.9%17.9%8.6%37.7%12.4%15Tennessee Consolidated$14,302 6.1 56.6%30.4%9.0%0.0%1.1%2.9%16Maryland State Retirement$13,406 NA 27.2%26.5%20.8%9.6%1.0%14.8%17Washington State Board$12,540 NA 26.1%40.4%16.6%13.9%3.0%0.0%18Massachusetts PRIM$12,136 4.6 31.8%34.0%3.2%0.0%24.0%7.0%19Ohio State Teachers6$11,756 4.2 24.0%41.0%29.2%5.8%0.0%0.0%20Minnesota State Board$10,600 4.7 30.4%23.0%41.3%0.0%5.3%0.0%21Los Angeles County Employees$9,470 5.6 35.3%31.7%2.6%0.6%29.7%0.0%22Colorado Employees4$9,207 5.1 50.9%20.3%1.8%9.6%17.4%0.0%23Michigan Retirement$7,720 3.5 24.4%65.3%0.0%10.3%0.0%0.0%24Illinois Teachers$7,488 4.2 23.5%28.2%0.0%24.0%24.3%0.0%Notes: 1 When government agency investments were listed all other asset-backed securities were considered non-agency. 2 Some plans did not include cash within their disclosures. 3 Data are as of March 31, 2012. 4 Data are as of Dec. 31, 2011. 5 As of Aug. 31, 2012; because the Teacher Retirement System of Texas did not report cash in every year, cash was excluded for all years. 6 The State Teachers' Retirement System of Ohio disclosed high-yield and emerging-markets assets together. The allocation was split 50/50. Related Articles Investors searching high and low for yield Recommended for You S&P 500 Dividend Aristocrats produces better returns, lower risk than overall index 60/40 portfolio's sharp rebound in November Hedge funds' quarterly performance flat; equity, fixed income down Sponsored Content: Sustainability Strategies: Evolving Perspectives Sponsored White Papers What a Fed pivot and ‘higher for longer’ mean for emerging markets A Guide to Home Equity Investments: The Untapped Real Estate Asset Class How to Modernize a School District Retirement Plan Q4 2023 Credit Outlook: Price Is What You Pay, Value Is What You Get There's More Than One Way to Be a Climate Investor Exploring the Commercial Application of Artificial Intelligence View More Sponsored Content Partner Content The Industrialization of ESG Investment For institutional investors, ETFs can make meeting liquidity needs easier Gold: the most effective commodity investment 2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios Ten ways retirement plan professionals add value to plan sponsors Gold: an efficient hedge View More