PRIT Fund Core Description
The PRIT Fund consists of two investment funds, the "Capital Fund" and the "Cash Fund". The Capital Fund serves as the long-term asset portfolio and consists of the following accounts: the General Allocation Account or "PRIT Core", (which is comprised of the other accounts except the State Teachers' and Employees' Separate Account), Global Equity (Domestic Equity, International Equity, and Emerging Markets), Core Fixed Income, Value-Added Fixed Income, Real Estate, Private Equity, Private Equity Vintage Year, Hedge Funds and Timber/Natural Resources. The State Employees’ and Teachers’ Separate Account holds the State Employees' and Teachers' cash. All of these accounts, together, comprise the total PRIT Fund.
No element in an investment strategy is more critical to the realization of long-term investment objectives than allocation of assets. In order to achieve this return objective, a significant portion of the Fund’s assets is allocated to public and private equity investments. In order to increase further the potential returns to the Fund and to reduce volatility, the PRIM Board employs a number of risk-control strategies. Asset classes are selected to complement the risk and return characteristics of the overall Fund. The Board believes it is important to control risk through diversification, and therefore invests in other asset classes including real estate, core fixed income, and international investments.
The PRIM Board’s actual and long-term asset allocation can be found in the monthly performance summary report below.
PRIM Performance Summary
Review the most current PRIT Fund
performance and Asset Allocation.
