Orange County (CA) 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
Orange County (CA) ERS (California) reported $24.0bn of assets for fiscal year 2024, a one-year investment return of 10.0%, and was 83.8% funded — around the ~80% mark the industry reads as sound.
| Total assets (FY 2024) | $24.0bn |
| 1-year return | 10.0% |
| 5-year return (annualised) | 8.0% |
| 10-year return (annualised) | 7.4% |
| Funded ratio (GASB) | 83.8% |
How the money is invested (asset allocation)
Orange County (CA) ERS held 41.0% of its assets in public equities and 16.0% in fixed income (bonds) for fiscal year 2024 — the largest of 7 sleeves it reports, with the rest below:
| Public equities | 41.0% |
| Fixed income (bonds) | 16.0% |
| Private equity | 16.0% |
| Commodities | 12.0% |
| Hedge funds | 8.0% |
| Cash | 6.0% |
| Misc. alternatives | 1.0% |
Compare Orange County (CA) ERS with similar plans
The plans most worth reading Orange County (CA) 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 |
|---|---|---|---|---|
| California PERF (CalPERS) | $563.0bn | 11.6% | 71.3% | Same state — California |
| California Teachers (CalSTRS) | $370.2bn | 8.5% | 76.7% | Same state — California |
| University of California | $110.8bn | 12.7% | 85.4% | Same state — California |
| LA County (CA) ERS | $86.2bn | 9.7% | 82.0% | Same state — California |
| San Francisco (CA) ERS | $37.5bn | 7.9% | 96.8% | Same state — California |
| Los Angeles (CA) Fire and Police | $30.5bn | 11.3% | 100.6% | Same state — California |
Questions this page answers
How much does Orange County (CA) ERS have in assets?
Orange County (CA) ERS reported $24.0bn in total assets for fiscal year 2024, as compiled by the Public Plans Database.
What return did Orange County (CA) ERS make on its investments?
Orange County (CA) ERS reported a 10.0% one-year investment return for fiscal year 2024, and 7.4% a year over the past ten years, per the Public Plans Database.
Is Orange County (CA) ERS fully funded?
Orange County (CA) ERS was 83.8% funded for fiscal year 2024 — above 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 Orange County (CA) ERS's money invested?
Orange County (CA) ERS held 41.0% of its assets in public equities and 16.0% 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.