As of June 30, 2025, MOSERS’ total fund assets are $9.5 billion.

The MOSERS total portfolio achieved a one-year total fund actual return for FY25 of 9.8%, net of all fees and expenses, versus a policy benchmark return of 8.7%. This 1.1% outperformance added approximately $98 million of value to the portfolio above our policy benchmark.

Noteworthy Performance:

• The global public equity portfolio had the best nominal performance, returning 17.7%, exceeding the policy benchmark return of 16.2%, over the last 12 months.
• The alternative beta portfolio had the best relative performance, returning 1.7% for the year, exceeding its policy benchmark by 5.5%.

MOSERS staff continues to implement changes to the portfolio as approved by the Board, which are designed to improve the portfolio for the foreseeable future. Notably, during FY25, staff completed 50% of the transition to the new asset allocation on schedule. Changes are being made in a targeted manner to ensure the long-term health and resilience of the MOSERS portfolio.

As long-term investors, MOSERS recognizes the importance of portfolio diversification and investment discipline during times of uncertainty and over the long term. The total fund 1-, 3-, 5-, 10-, 15-, 20-, and 25-year actual performance outperformed the policy benchmark over all periods, adding approximately $4.8 billion to the trust fund over the 25-year period.