WE’RE HERE FOR THE LONG HAUL

Investment Strategy & Management

At TCDRS, we’re long-term investors. Considering that our members have an average of 18 years of service time and are retired for another 20 years, we have more than 30 years to save and invest for each member’s retirement benefits.

TCDRS invests for more than 282,000 Texans. Each is at a different stage in his or her career: just hired, mid-career, approaching retirement and retired. Instead of becoming more conservative over time — as individuals do as they approach and enter retirement — we can keep our portfolio optimally balanced to achieve our target return goal over the long term. In that sense, the TCDRS portfolio is “forever young”.

Our investment goal is to achieve an 8% return over the long term — that 30-year horizon — within an acceptable level of risk.

We attribute our success to three factors: people, process and performance.


RESPONSIBLE GUIDANCE

Our board of trustees and experienced investment staff, along with outside advisors, work together to make responsible decisions based on our investment policy.

LEARN MORE ABOUT OUR PEOPLE & POLICY

PLAN. INVEST. REVIEW. REPEAT.

Our process is vital to our success. We plan ahead, using forward-looking assumptions, perform extensive due diligence to hire outstanding investment managers, and then continuously evaluate our performance to ensure we meet our long-term goal.

LEARN HOW WE MANAGE OUR PORTFOLIO

KEEPING AN EYE ON THE HERD

At TCDRS, we diligently monitor the performance of our asset classes, our investment managers and our portfolio as a whole, comparing it to industry-established benchmarks.

SEE HOW WE MEASURE PERFORMANCE
04.19.18

Board Updates Capital Market Assumptions

The TCDRS Board of Trustees reviewed and updated our capital market assumptions for 2018. The updated assumptions are available online . Capital market assumptions help us build a diversified portfolio. They are forward-looking...

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04.19.18

Asset Allocation Targets Adjusted

  Based on the capital market assumptions adopted at their April meeting, the TCDRS Board of Trustees has adjusted TCDRS’ asset allocation targets . The board also condensed the High-Yield Investment portfolio and it’s now...

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