Dallas (TX) ERS — assets, returns and funding
Pensions: all tracked plans · Australian super in numbers · Private market performance · the PE statistics · what plans disclose · where they diverge
Dallas (TX) ERS (Texas) reported $3.8bn of assets for fiscal year 2024, a one-year investment return of 9.1%, and was 68.4% funded — below the ~80% mark the industry reads as sound.
| Total assets (FY 2024) | $3.8bn |
| 1-year return | 9.1% |
| 5-year return (annualised) | 6.2% |
| 10-year return (annualised) | 6.3% |
| Funded ratio (GASB) | 68.4% |
How the money is invested (asset allocation)
Dallas (TX) ERS held 28.4% of its assets in public equities and 25.7% in fixed income (bonds) for fiscal year 2024 — the largest of 8 sleeves it reports, with the rest below:
| Public equities | 28.4% |
| Fixed income (bonds) | 25.7% |
| Hedge funds | 15.7% |
| Private equity | 9.7% |
| Real estate | 9.1% |
| Commodities | 6.9% |
| Misc. alternatives | 2.8% |
| Cash | 1.7% |
Compare Dallas (TX) ERS with similar plans
The plans most worth reading Dallas (TX) ERS against — similar in size, or invested in the same managers — side by side, each with its own page for the detail:
| Plan | Assets | 1-yr return | Funded ratio | Why comparable |
|---|---|---|---|---|
| Texas Teachers (TRS of Texas) | $226.3bn | 10.8% | 77.5% | Same state — Texas |
| Texas County & District | $56.5bn | 12.6% | 90.7% | Same state — Texas |
| Texas Municipal | $49.4bn | 13.8% | 90.4% | Same state — Texas |
| Texas ERS | $40.1bn | 8.9% | 74.4% | Same state — Texas |
| Houston (TX) Police | $8.3bn | 9.4% | 94.2% | Same state — Texas |
| Houston (TX) Firefighters | $5.8bn | 11.9% | 93.3% | Same state — Texas |
Questions this page answers
How much does Dallas (TX) ERS have in assets?
Dallas (TX) ERS reported $3.8bn in total assets for fiscal year 2024, as compiled by the Public Plans Database.
What return did Dallas (TX) ERS make on its investments?
Dallas (TX) ERS reported a 9.1% one-year investment return for fiscal year 2024, and 6.3% a year over the past ten years, per the Public Plans Database.
Is Dallas (TX) ERS fully funded?
Dallas (TX) ERS was 68.4% funded for fiscal year 2024 — below the ~80% mark many treat as reasonably sound. US public plans face no federal funding minimum, and actuaries add that the trend matters more than any single line (Public Plans Database).
How is Dallas (TX) ERS's money invested?
Dallas (TX) ERS held 28.4% of its assets in public equities and 25.7% in fixed income (bonds), its largest sleeves for fiscal year 2024 (Public Plans Database).
See also: all tracked plans · how the private-equity funds these plans invest in have actually performed, from the plans' own disclosures: private market performance, and where plans' numbers diverge on the same fund.