Balanced Fund

The Balanced Fund is a moderately conservative investment option that includes exposure to bonds and stocks. The objective is to seek current income and some capital appreciation. The Balanced Fund began as of January 1, 2018 and was preceded by the Bond Fund from 2012-2017 and the Stable-Value Fund before 2012.

Investment Returns

The Balanced Fund began as of January 1, 2018, so some historical returns are not yet available. Historical investment performance for the Bond Fund is available in a separate table.

Quarter 6/1/25 to 8/31/25	1 Year 9/1/24 to 8/31/25	3 Years 9/1/22 to 8/31/25	5 Years 9/1/20 to 8/31/25	10 Years 9/1/15 to 8/31/25
3.87%	7.86%	8.10%	4.57%	N/A

Unit Value

September 2025: $17.256

Unit Value Historical Data

Asset Allocation

as of December 31, 2022

$537 Million

Asset	Allocation	in Millions^
Vanguard - Fixed Income Securities (Bonds)	68.0%	$365
Vanguard - Domestic Equity	31.8%	$171
Short Term Controlled by TRS	0.2%	$1

^Totals may not add up due to rounding.

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