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 Reprints Print % 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 2 fixed-income DC mutual funds stand out Graphic: Battered fixed income set for rebound Target-date fund users have various intentions upon retirement Sponsored Content: Research for Institutional Money Management Reader Poll January 25, 2023 How will the DOL’s finalized rules impact ESG investing? SEE MORE POLLS > Sponsored White Papers The Future of Infrastructure: Building a Better Tomorrow Fulcrum Issues: Equity Returns and Inflation — Choose Your Own Adventure What Matters Most in Considering a Private Debt Strategy Why pursue direct lending in the core middle market? Research for Institutional Money Management Are Factors a Thing of the Past? 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