Health Care Fund Total Assets

The primary performance objectives of the Health Care Fund are to exceed the return of the policy benchmark for the Health Care Fund and to exceed the actuarial interest rate over a reasonable longer time horizon. The Benchmark combines designated market indexes for asset classes, weighted by asset-allocation targets.

The Board sets target allocations to various asset and sub-asset classes that are designed to meet OPERS' long-term investment objectives. The target allocation mix used to calculate benchmark performance for the Health Care Fund will be established on a quarterly basis for the following quarter. The asset and sub-asset classes for the HC Fund are as follows:

  1. Asset Classes
    1. Public Equity – Asset Class
      1. U.S. Equity Assets – Sub Asset Class
      2. Non-U.S. Equity Assets – Sub Asset Class
    2. Public Fixed Income – Asset Class
      1. Core Fixed – Sub Asset Class
      2. Investment Grade Credit – Sub Asset Class
      3. Securitized Debt – Sub Asset Class
      4. TIPS – Sub Asset Class
      5. High Yield – Sub Asset Class
      6. Emerging Markets Debt – Sub Asset Class
      7. U.S. Treasury – Sub Asset Class
    3. Alternatives – Asset Class
      1. Opportunistic – Sub Asset Class
      2. REITs – Sub Asset Class
      3. Commodities – Sub Asset Class
    4. Risk Parity – Asset Class
    5. Risk Mitigation Strategies – Asset Class
      1. Long Duration Treasuries – Sub Asset Class
      2. Trend Following – Sub Asset Class
      3. Alternative Risk Premia – Sub Asset Class