Arizona PSPRS Trust
The Arizona PSPRS Trust is the investment vehicle of the Public Safety Personnel Retirement System of Arizona (PSPRS), which manages retirement plans for public safety personnel, corrections officers, and elected officials in Arizona. The Trust is designed to produce solid investment returns while reducing the risk of losing value, with a highly diversified portfolio that includes domestic and international equities, private equity, real estate, fixed income, private debt, and diversifying strategies. The system aims to secure sustainable retirement benefits for members at the lowest possible cost to taxpayers.
Investment Strategy
The Trust employs a diversified, multi-asset class approach, allocating to capital appreciation (public and private equities, real estate), contractual income (bonds, private debt, royalties), and diversifying strategies (absolute return, risk parity, real assets). The strategy emphasizes risk management, diversification, and the use of both public and private market investments to achieve long-term returns, with a focus on minimizing losses during market downturns. Notable allocations include a significant exposure to alternative investments, including private equity and credit, which have driven strong recent performance.
Top Holdings
Equity Positions (17)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
A AGG | ISHARES TR | 44.35% | $1.33B | 13,456,062 | $99.56 | $99.20 | +$5.7M |
B BND | VANGUARD BD INDEX FDS | 23.45% | $705.8M | 9,586,316 | $71.64 | $73.63 | +$8.6M |
S SRLN | SSGA ACTIVE ETF TR | 11.05% | $332.5M | 7,994,169 | $41.56 | $41.59 | +$9.9M |
O OMFL | INVESCO EXCH TRD SLF IDX FD | 10.37% | $312.2M | 5,402,688 | $52.01 | $57.78 | +$24.7M |
G GLD | SPDR GOLD TR | 7.33% | $220.7M | 724,052 | $215.74 | $304.83 | +$11.6M |