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. 

In pursuit of its mission, SCERS seeks fund performance that matches or exceeds: (1) over a long-term period of 30 years, the actuarial rate of return as adopted periodically by the Board of Administration (currently 7.25%); (2) over a full market cycle, the Reference Passive Benchmark that reflects the Board's tolerance for volatility; and, (3) over an intermediate-period of 5 years, the Strategic Policy Benchmark that reflects the Board's strategic asset allocation.  The Reference Passive Benchmark and Strategic Policy Benchmark are described further in the Investment Policy.

Fund performance (annualized) through June 30, 2020:

TimeframeSCERSStrategic Policy BenchmarkReference Passive Benchmark
1 Year 2.6%

3.8%

4.0%

3 Years

5.5% 6.1% 6.0%

5 Years

5.9% 6.2% 6.0%

10 Years

8.1% 8.6% n/a

30 Years

7.1% 7.3% n/a

Notes: Net performance is shown for the 1, 3, 5, and 10-year timeframes; gross performance is shown for the 30-year timeframe.

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: