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, 2025
| Asset Class | Market Value | Actual | Target |
|---|---|---|---|
| Global Public Equity | $11,834,961,306 | 45.8% | 45.0% |
| Private Equity |
$4,295,048,141 |
16.6% | 15.0% |
| Income Strategies |
$4,344,594,303 |
16.8% | 17.0% |
| Real Assets |
$3,162,560,502 |
12.3% | 13.0% |
| Risk Mitigation |
$1,783,223,302 |
6.9% | 10.0% |
| Unique Strategy |
$188,108,590 |
0.7% | 0.0% |
| Cash & Cash Overlay |
$210,733,570 |
0.8% | 0.0% |
| Total Assets |
$25,819,229,714 |
100.0% | 100.0% |
OCERS’ Fund Performance
As of June 30, 2025
| 3 Month | 1 Year | 3 Year | 5 Year | 10 Year | |||
|---|---|---|---|---|---|---|---|
| Total Fund (net of fees) |
5.5% |
9.9% | 9.3% | 10.0% | 7.8% | ||
| Policy Benchmark |
5.6% |
9.8% | 9.4% | 9.9% | 7.8% | ||
Investment Performance
Q2 2025 - Capital Markets Review
Global equities advanced sharply in Q2 2025 as volatility eased, policy risks moderated, and investor sentiment improved. U.S. stocks staged a broad-based rebound, with the S&P 500 gaining 10.9% for the quarter, reversing the weakness seen in Q1. Growth sectors led the rally, with large-cap technology posting notable gains; the Nasdaq-100 rose 17.9%. Information technology and communication services were the top-performing sectors, supported by solid earnings and sustained demand for digital infrastructure.