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SURS Board Approves Updating Strategic Asset Allocation Targets

Champaign, IL – The State Universities Retirement System (SURS) Board of Trustees, during their meetings March 6 and 7, approved adjustments to asset allocation targets. This approval also gives SURS staff the discretion to implement the updated policy targets by transitioning assets as needed from stocks to bonds. These changes were based on the recommendation from SURS staff and Meketa. This chart details the approved changes:

Strategic Class Current Long-Term Target (%) NEW Long-Term Target (%)
Traditional Growth 35 30
Stabilized Growth 17 23
Non-Traditional Growth 16 19
Inflation Sensitive 5 0
Principal Protection 10 8
Crisis Risk Offset 17 20

SURS believes that an appropriately diversified strategic allocation policy is the primary policy tool for maximizing the investment program’s long-term return in light of its risk profile.

An implementation plan will be discussed at the April board meeting.

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