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 September 30, 2025
| Asset Class | Market Value | Actual | Target |
|---|---|---|---|
| Global Public Equity | $12,651,808,219 | 46.9% | 45.0% |
| Private Equity |
$4,528,167,610 |
16.8% | 15.0% |
| Income Strategies |
$4,178,579,392 |
15.5% | 17.0% |
| Real Assets |
$3,338,426,516 |
12.4% | 13.0% |
| Risk Mitigation |
$1,917,154,695 |
7.1% | 10.0% |
| Unique Strategy |
$237,777,893 |
0.9% | 0.0% |
| Cash & Cash Overlay |
$151,070,403 |
0.6% | 0.0% |
| Total Assets |
$27,002,984,728 |
100.0% | 100.0% |
OCERS’ Fund Performance
As of September 30, 2025
| 3 Month | 1 Year | 3 Year | 5 Year | 10 Year | |||
|---|---|---|---|---|---|---|---|
| Total Fund (net of fees) |
5.0% |
10.8% | 12.4% | 10.0% | 8.8% | ||
| Policy Benchmark |
5.2% |
10.7% | 12.8% | 9.9% | 8.7% | ||
Investment Performance
Q3 2025 - Capital Markets Review
Global markets advanced in the third quarter of 2025, supported by steady growth, resilient corporate earnings, and a modest turn toward monetary easing. The Federal Reserve lowered its policy rate by 25 basis points in September—the first cut in 2025—while inflation remained above target but broadly stable, reinforcing investor confidence in a soft-landing outlook.