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PERA
Investments Overview
The Association's assets are diversified into domestic and international
stocks, corporate, government, and international bonds, real estate, and alternative investments.
At the end of 2008, the market value of the investment assets managed by PERA was $29.4 billion.
Investment Policy Goal
The function of the
Colorado Public Employees' Retirement Association is to
provide present and future retirement or survivor benefits for its members.
The investment function is managed in a manner to promote long-term
financial security for our membership while maintaining the stability of the
fund.
PERA Assets
The table below is updated
as of December 31 and shows (at market
value) the percent of assets in the various asset categories:
December
31, 2008: $29.4
Billion
(Does
not include the Colorado PERA 401(k)/DC Plans)
|
Domestic Stocks |
38.4% |
|
Fixed Income |
26.6% |
|
International Stocks |
13.2% |
|
Alternative Investments |
8.9% |
|
Real Estate |
8.9% |
|
Opportunity Fund |
1.5% |
|
Cash
& Short-Term Investments |
2.5% |
Growth of PERA Funds
The table below is updated
as of December 31 and shows growth of
PERA funds and net assets available for benefits. (Does not include the Colorado PERA 401(k)/DC
Plans.)
|
Year |
Billions of dollars |
|
1985 |
5.7 |
|
1989 |
9.4 |
|
1993 |
14.1 |
|
1997 |
23.2 |
|
1998 |
26.5 |
|
1999 |
30.6 |
|
2000 |
30.3 |
|
2001 |
27.4 |
|
2002 |
23.6 |
|
2003 |
29.3 |
|
2004 |
32.3 |
|
2005 |
34.5 |
2006 |
38.6 |
2007 |
41.4 |
|
2008 |
29.4 |
PERA's Top Ten Stock Holdings
By Market Value
As of December 31, 2008
(In Thousands of Dollars)
|
|
Shares |
Stocks |
Market Value |
|
1. |
4,912,000 |
Exxon Mobil Corp. |
$392,125 |
|
2. |
3,421,647 |
Procter & Gamble Co. |
$211,526 |
|
3. |
6,637,532 |
AT&T Inc. |
$189,170 |
|
4. |
2,449,660 |
Chevron Corp. |
$181,201 |
|
5. |
9,113,900 |
Microsoft Corp. |
$177,174 |
|
6. |
2,940,600 |
Johnson & Johnson Co. |
$175,936 |
|
7. |
2,751,100 |
Wal-Mart Stores, Inc. |
$154,227 |
|
8. |
8,382,700 |
General Electric Co. |
$135,800 |
|
9. |
1,605,000 |
International Business Machines Corp. |
$135,077 |
|
10. |
3,397,200 |
Hewlett Packard Co. |
$123,284 |
PERA's
Top Ten Bond Holdings By Market Value
As of December 31, 2008
(In Thousands of Dollars)
|
|
Par Value |
Bonds |
Market Value |
|
1. |
$240,000 |
US Treasury Notes, 4.625%;
Due
10/31/2011 |
$264,937 |
|
2. |
$115,000 |
US Treasury Notes, 1,500%;
Due
10/31/2010 |
$116,716 |
|
3. |
$88,000
|
US Treasury Notes, 4.250%;
Due
8/15/2014 |
$101,145 |
|
4. |
$75,000 |
US Treasury Notes, 4,875%;
Due
8/15/2016 |
$89,619 |
|
5. |
$86,586
|
FNMA Pool #745418, 5.500%;
Due 4/1/2036 |
$88,862 |
|
6. |
$65,000
|
US Treasury Bonds, 6.250%;
Due
8/15/2023 |
$88,654 |
|
7. |
$77,300
|
US Treasury Notes, 4.125%;
Due
5/15/2015 |
$88,653 |
|
8. |
$85,000 |
US Treasury Notes, 1.250%;
Due
11/30/2010 |
$85,913 |
|
9. |
$52,000
|
US Treasury Bonds, 8.125%;
Due
8/15/2019 |
$76,854 |
|
10. |
$50,000 |
US Treasury Bonds, 4.500%;
Due
5/15/2038 |
$68,242 |
Colorado
Investment Profile
As of December 31, 2008
(In Thousands of Dollars)
(Does
not Include the Colorado PERA 401(k)/DC Plans)
|
Market Value |
Common stock of companies headquartered in Colorado |
$122,775 |
Funds under management of Colorado companies |
97,909 |
Real Estate equity |
59,752 |
Committed to future funding |
14,484 |
Colorado PERA portion of general partnerships investing in Colorado companies |
60,921 |
Bonds and notes of companies headquartered in Colorado |
29,082 |
Total |
$384,923 |
Sudan Divestment
PERA periodically updates its
“Scrutinized Companies List”
as required under Sudan divestment legislation passed by the
General Assembly and signed into law by Governor Ritter in 2007.
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