Reports
Completed Investments Report
PRB Investment Reports
General Consultant Reports
- RVK Investment Update and Performance Review Quarter ending December 31, 2021
- RVK Investment Update and Performance Review Quarter ending September 30, 2021
- RVK Investment Update and Performance Review Quarter ending June 30, 2021
- RVK Investment Update and Performance Review Quarter ending March 31, 2021
- RVK Investment Update and Performance Review Quarter ending December 31, 2020
- RVK Investment Update and Performance Review Quarter ending September 30, 2020
- RVK Investment Update and Performance Review Quarter ending June 30, 2020
- RVK Investment Update and Performance Review Quarter ending March 31, 2020
- Investment Program 2013 Year-End Wrap Up
- Q4 2013 Investment Update and Performance Review (RV Kuhns)
- Q3 2013 Investment Update and Performance Review (RV Kuhns)
- Q2 2013 Investment Update and Performance Review (RV Kuhns)
- 2013 Second Quarter Investment Overview
- Q1 2013 Investment Update and Performance Review (RV Kuhns)
- Monthly Performance Summary as of August 31, 2013
- Monthly Performance Summary as of July 31, 2013
- Monthly Performance Summary as of June 30, 2013
- Monthly Performance Summary as of April 30, 2013
- Monthly Performance Summary as of March 31, 2013
- Monthly Performance Summary as of December 31, 2012
- Q4 2012 Investment Update and Performance Review (RV Kuhns)
- Investment Program 2012 Year‐End Wrap Up
- Investment Program 2012 Year‐End Wrap Up
- Q4 2012 Investment Update and Performance Review
- Q3 2012 Investment Update and Performance Review
- Q2 2012 Investment Update and Performance Review
- Q1 2012 Investment Update and Performance Review
- Monthly Performance Summary as of December 31, 2012
- Monthly Performance Summary as of September 30, 2012
- Monthly Performance Summary as of August 31, 2012
- Monthly Performance Summary as of June 30, 2012
- Investment Update as of May 31, 2012
- Investment Update as of March 31, 2012
- Investment Update as of February 29, 2012
- TMRS Asset/Liability Study, September 2011 (96 pages)
- Investment Update as of December 31, 2011
- Investment Update as of October 31, 2011
- Quarterly Summary as of September 30, 2011 - 3Q 2011
- Investment Update as of August 31, 2011
- Investment Update as of June 30, 2011
- Performance Report as of May 31, 2011
- Quarterly Summary as of March 31, 2011 - 1Q 2011
- Performance Report as of January 31, 2011
- Quarterly Summary as of December 31, 2010 - 4Q 2010
2011 Investment Update
In 2011, TMRS continued implementing the following strategic target allocations which were adopted by the Board in June 2009, with implementation to occur over a multi-year period (see pie charts.)
There were several initiatives during 2011 aimed at continuing our progress toward the target allocations, including monthly commitments to U.S. and international equity index funds. By the end of 2011, the equity target allocations were met with 40% of the fund invested in passively managed equity index funds (20% in domestic equities and 20% in international equities). TMRS began funding its real estate target allocation by committing $200 million to real estate limited partnerships and funding $97 million. With the assistance of TMRS’ real estate consultant, ORG, TMRS will continue to seek out and fund additional real estate investments over the next few years in order to meet its 10% target. In addition, TMRS funded its 5% target allocation to the real return asset class through investment in global inflation-linked bonds. Assets allocated to fixed income managers totaled 54.2% and will gradually move to the 35% target allocation as fixed income funds other asset classes.
The Board will continue to authorize implementation to the strategic target allocations in stages. To ensure that the risk tolerance remains appropriate, the target allocations will be reviewed at least annually for reasonableness relative to significant economic and market changes or changes to the Board’s long-term goals and objectives.
2011 Returns
The overall one-year rate of return on the $18.5 billion investment portfolio was 2.41% with fixed income the best performing asset class, earning 7.99%, while the return on equities was 1.03% domestic and -13.35% international.
- Quarterly Summary as of December 31, 2010 - 4Q 2010
- Performance Report as of November 30, 2010
- Performance Report as of October 31, 2010
- Quarterly Summary as of September 30, 2010 - 3Q 2010
- Performance Report as of September 30, 2010
- Performance Report as of August 31, 2010
- Performance Report as of July 31, 2010
- Quarterly Summary as of June 30, 2010 - 2Q 2010
- Performance Report as of May 31, 2010
- Quarterly Summary as of March 31, 2010 - 1Q 2010
- Performance Report as of February 28, 2010
- Performance Report as of January 31, 2010