Investments
Investments
OCERS is among the nation’s 100 largest public pension funds, with the Investment Committee overseeing the system’s diverse portfolio. The combination of employee and employer contributions and the earnings from OCERS’ investments give the retirement system the ability to pay our members the retirement benefits that they’ve earned.
OCERS’ Asset Allocation
As of June 30, 2026
| Asset Class | Market Value | Actual | Target |
|---|---|---|---|
| Global Public Equity | $14,242,860,323 |
46.9% |
45.0% |
| Private Equity |
$5,253,854,555 |
17.3% | 15.0% |
| Income Strategies |
$4,040,148,676 |
13.3% | 17.0% |
| Real Assets |
$3,623,809,958 |
11.9% | 13.0% |
| Risk Mitigation |
$2,131,125,517 |
7.0% | 10.0% |
| Unique Strategies |
$656,858,977 |
2.2% | 0.0% |
| Cash & Cash Overlay |
$399,642,189 |
1.3% | 0.0% |
| Total Assets |
$30,348,300,194 |
100.0% | 100.0% |
OCERS’ Fund Performance
As of June 30, 2026
| 3 Month | 1 Year | 3 Year | 5 Year | 10 Year | |||
|---|---|---|---|---|---|---|---|
| Total Fund (net of fees) |
8.2% |
18.6% | 13.3% | 8.6% | 9.7% | ||
| Policy Benchmark |
7.4% |
15.7% | 12.0% | 7.9% | 9.2% | ||
Investment Performance
Q2 2026 - Capital Markets Review
Global markets rebounded sharply in the second quarter of 2026 as geopolitical tensions eased, oil prices retreated from crisis levels, and corporate earnings exceeded expectations. A conditional U.S.–Iran ceasefire and the reopening of the Strait of Hormuz early in the quarter removed much of the risk premium that had built up in March. The Federal Reserve held policy steady at both its April and June meetings, leaving the federal funds target range at 3.50% to 3.75%.