Diversified Equity Fund

The Diversified Equity Fund invests primarily in the stocks of U.S. companies, and also invests a portion of its assets in stocks of non-U.S. companies and other types of investments. The objective is to achieve a rate of return comparable to the return of the broad equity market.

Investment Returns

Returns shown for 1 Year, 3 Years, 5 Years, and 10 Years are annualized.

Quarter 8/1/22 to 10/31/22	1 Year 11/1/21 to 10/31/22	3 Years 11/1/19 to 10/31/22	5 Years 11/1/17 to 10/31/22	10 Years 11/1/12 to 10/31/22
(6.54%)	(19.85%)	6.15%	6.69%	9.89%

Unit Value

November 2022: $105.988

Unit Value Historical Data

Asset Allocation

as of December 31, 2021

$19,353 Million

Asset	Allocation	in Millions
Domestic Equity-Passive Core	65.3%	$12,643
International Equity-Active	22.4%	$4,342
Domestic Active Management	12.0%	$2,332
Domestic Equity-Defensive Strategy	0.0%	$3

^Short-term holdings of $33 million (less than 0.2% of the fund) are not reflected in the table.

Benchmark Comparison

For benchmark comparison information, please access the Fund Profiles booklet.

Teachers' Retirement System of the City of New York

Investment Returns

Unit Value

Asset Allocation

Benchmark Comparison