Investment Update in Response to Market Conditions

We want to reassure you that despite turbulent market conditions, SBCERA has mechanisms and strategies in place to protect your income, now and in the future.

While our fund is not immune to market volatility, our long-term income focused strategy is built to minimize volatility to the fund and maximize investment returns so we can continue providing retirement security to our members now and well into the future.

We’ve faced uncertain market conditions before.  Over the past 40 years—a period that includes multiple recessions and other economic disruptions—we’ve earned an average annual return of more than 8.8%. 

As we approach the end of our fiscal year on June 30, 2025, we do not know what our gain or loss for the year may be, but more importantly, the general markets will not be reflective of SBCERA’s investment experience.  What we do have in our favor is our defensive posture going into the downturn and our ability to buy when others might be selling. 

SBCERA’s governance structure, investment strategy, and focus on diversification help position the retirement fund for long-term growth and stability. 

We know we have a big responsibility on our shoulders.  Fulfilling our commitment to you is our highest priority, and our investment strategy helps ensure we fulfil that commitment.

Finally, if you have eight minutes, we encourage you to view the video below to learn more about how SBCERA’s investments work and how we remain focused on delivering results—no matter what challenges the market brings.

You can learn more about SBCERA’s investments at www.SBCERA.org/Investments.