Asset Allocation

Asset allocation is the starting point and an essential component of the investment process that is designed to create a well-diversified portfolio.  SCERS, through its investment consultant, conducts an asset allocation study at least every five years.  The result of this study is an asset class mix that seeks to achieve the long-term return objective while minimizing the risk of large losses.

Asset Class Target Allocation Current 12/31/2023
Public Equity 46% 44.9%
Private Equity 11% 13.3%
Core Fixed Income 14% 15.6%
Long-Term Fixed Income 5% 4.9%
Credit Fixed Income 7% 6.7%
Real Estate 12% 11.3%
Infrastructure 5% 2.7%
Cash/Other - 0.4%

Note: Cash/Other may appear negative due to trade versus settlement date accounting


Jeffrey S. Davis, Executive Director
Address: 720 3rd Ave, 9th Floor, Seattle, WA, 98104
Phone: (206) 386-1293
Fax: (206) 386-1506
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The City of Seattle Employees' Retirement Office has two major functions: administration of retirement benefits and management of the assets of the Retirement Fund. Employee and employer contributions as well as investment earnings provide funding for the System.

The Mission of SCERS is to fulfill the promise made to our members by delivering the retirement benefits they have earned.