Asset Allocation



				
				

					
					
						            
                
                    
                    
                    
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Asset Allocation

The time horizon of the System’s investment portfolio reflects the long-term nature of MPERS’ pension obligations. Accordingly, diversification among investments displaying unique risk and return characteristics provides the framework for selecting an asset allocation that is expected, in the aggregate, to give the fund the highest long-term return within a prudent risk level.

MPERS’ Asset Allocation

Net Asset Value: $4,330,883,630

As of December 31, 2025

Investments

Investment Fund Performance
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Investment Reports
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Investments Asset Allocation
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Quarterly Updates
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Current Asset Allocation and Positioning Relative to Targets

Below are the current allocations relative to policy targets, along with additional comments on the portfolio’s positioning. As of February 5, 2026, each allocation was within the permissible ranges established in MPERS’ Investment Policy. Total fund leverage stands at 2.8% of assets.

As of December 31, 2025