State Teachers Retirement System of Ohio

Overview

The State Teachers Retirement System of Ohio (STRS Ohio) is a public pension fund established in 1920 to provide retirement, healthcare, disability, and survivor benefits for Ohio's public educators and their families. As of June 30, 2023, STRS Ohio managed a fiduciary net position of $91.0 billion, serving approximately 500,000 active, inactive, and retired educators. The fund operates under the guidelines of Chapter 3307 of the Ohio Revised Code and is legally separate from and fiscally independent of state and local governments. STRS Ohio's mission is to provide Ohio’s public educators a foundation for their financial security, and its vision is to serve current and future Ohio public educators and their loved ones. The fund's investment strategy includes a diversified portfolio across various asset classes, with a significant portion managed internally to reduce costs. In fiscal 2023, STRS Ohio invested $900 million in companies headquartered in Ohio, reflecting its commitment to supporting the state's economy. Despite facing challenges such as governance issues and investment losses in alternative assets like private equity and hedge funds, STRS Ohio continues to focus on delivering secure retirement benefits to its members. The fund is governed by a retirement board consisting of elected teacher members and appointed investment experts, ensuring that the interests of Ohio's public educators are represented in its decision-making processes.

Investment Focus

• Investments must align with the fund's fiduciary responsibility to maximize returns while managing risk.
• Preference for investments that support Ohio's economy and public education system.
• Adherence to ethical and socially responsible investment practices.

Portfolio Companies