Fund Performance

Fund performance is expected to provide more than half of the total amount required for retirement benefits with contributions from employees and the City representing the remaining amount.  SCERS has two fund performance goals.  Firstly, to achieve a net return that matches or exceeds the actuarial rate of return as adopted by the Board of Administration (currently 7.5%) over a timeframe of 30 years.  Secondly, to achieve a net return that matches or exceeds the policy index over a timeframe of 5 to 7 years.  The policy index is described in the Investment Policy.

Fund performance (annualized) through September 30, 2017

:

TimeframeSCERSPolicy Index
1 Year 12.8% 12.1%

3 Years

7.2% 6.5%

5 Years

8.9% 8.7%

10 Years

4.4% 5.1%

30 Years

7.4% 7.6%

Notes: Net performance is shown for the 1, 3 and 5-year timeframes; gross performance is shown for the 10 and 30-year timeframes due to data availability

SCERS's investment consultant produces quarterly fund performance reports that review the total investment portfolio and each asset class.  Historical reports are available from the dropdown below: