The Fixed Return Fund offers a guaranteed rate of return set by the New York State Legislature in accordance with applicable laws. Members are credited with 8.25% annually on QPP investments in the Fixed Return Fund. Members who are serving in (or resigned/retired from) UFT-represented titles are credited with 7% annually on TDA investments in this Fund, as of December 11, 2009; all other members are credited with 8.25% annually on TDA investments in this Fund.
The Diversified Equity Fund invests primarily in the stocks of U.S. companies. The fund may also invest in stocks of non-U.S. companies and other investments that may exhibit fixed-income characteristics. The objective is to achieve a rate of return comparable to the return of the broad equity market.
The Bond Fund invests primarily in a portfolio or portfolios of high-quality bonds, which may include Treasuries, Agencies, Corporates, Mortgages, and other types of fixed-income instruments. The objective is primarily to seek current income from a diversified portfolio of high-quality bonds.
The International Equity Fund invests primarily in the stocks of non-U.S. companies located in developed markets, traded on a variety of stock exchanges and denominated in a variety of currencies around the world. The objectives are to provide long-term capital growth and to achieve a rate of return comparable to the return of the non-U.S. developed equity markets over a full market cycle.
The Inflation Protection Fund invests in assets that may include but are not limited to commodities, real estate securities, and inflation-linked bonds. The objective is to provide, over a full market cycle, a real rate of return that exceeds inflation.
The Socially Responsive Equity Fund primarily invests in U.S. equities. The fund attempts to avoid companies that receive a significant portion of their revenue from alcohol, tobacco, nuclear power, or weapons. The objectives are to achieve, over a full market cycle, positive long-term capital growth and to earn a rate of return comparable to the return of the broader equity market while reflecting social priorities.