NYSTRS invests in several diverse asset classes.
This diversification of assets helps us earn the highest possible long-term rate of return within appropriate risk levels. In turn, this enables us to pay guaranteed benefits to members and their beneficiaries at the lowest possible cost to participating employers and the taxpayers that fund them.
NYSTRS is one of the most secure and well-funded public pension plans in the country. Using a market value of assets, our most recent funded status was 113%. Using an actuarial value of assets, we were 99% funded. Our 10-year and 30-year rates of investment returns, net of fees, were 10.1% and 9.2%, respectively, as of the fiscal year ended June 30, 2021. These results are top decile compared to peer public pension plans.
Our focus remains on investing for the long term, utilizing a disciplined investment approach with a strong emphasis on risk control. With 56% of our assets administered internally by System staff, we are able to manage investments at a very low cost compared to the value of assets — 26 basis points.
Retirement Board's Fiduciary Duty
NYSTRS' 10-member Retirement Board has a fiduciary duty to prudently manage System assets using appropriate skill, care and diligence. Trustees are committed to the Board’s responsibility to protect the long-term value of the System’s investment portfolio and provide benefit security to members. The Board’s Investment Beliefs, which are found in the Board Governance Manual, provide a consistent and transparent framework to guide the System’s investment decision-making processes. The Beliefs reflect NYSTRS’ fiduciary responsibility to its members and its commitment to the System’s Mission, Vision and Values.
NYSTRS’ Deliberative Process to Address Climate Risk and Opportunities
The System in December 2021 released a Climate Update regarding NYSTRS’ deliberative process to address climate risk and opportunities related to its investment portfolio. The Update summarizes the specific steps the System is taking that support the transition to a more sustainable future. The System’s Dec. 28, 2021 press release includes key details of the Update.
The System's most-recent list of investments is below. We update this list approximately two weeks after the end of each quarter.
Domestic Equity Holdings
Global Equity Holdings
Domestic Fixed Income Holdings
Global Fixed Income Holdings