Last verified 2026-10-01

Texas LECOS — assets, returns and funding

Q: How much does Texas LECOS have in assets?

Texas LECOS reported $2.1bn in total assets for fiscal year 2025, as compiled by the Public Plans Database.

Q: What return did Texas LECOS make on its investments?

Texas LECOS reported a 8.9% one-year investment return for fiscal year 2025, and 8.7% a year over the past ten years, per the Public Plans Database.

Q: Is Texas LECOS fully funded?

Yes — Texas LECOS was 102.1% funded for fiscal year 2025, at or above the 100% fully-funded target. US public plans face no federal funding minimum, and few clear it (Public Plans Database).

Q: How is Texas LECOS's money invested?

Texas LECOS held 52.3% of its assets in public equities and 18.2% in commodities, its largest sleeves for fiscal year 2025 (Public Plans Database).

Pensions: all tracked plans · Australian super in numbers · Private market performance · the PE statistics · what plans disclose · where they diverge

Newest reported year for this plan: fiscal year 2025 — public plans publish audited figures 6–12 months after year end, and the database compiles them in batches, so this is the current public record, not a stale copy.

Texas LECOS (Texas) reported $2.1bn of assets for fiscal year 2025, a one-year investment return of 8.9%, and was 102.1% funded — at or above the 100% fully-funded mark.

Total assets (FY 2025)	$2.1bn
1-year return	8.9%
5-year return (annualised)	10.1%
10-year return (annualised)	8.7%
Funded ratio (GASB)	102.1%

How the money is invested (asset allocation)

Texas LECOS held 52.3% of its assets in public equities and 18.2% in commodities for fiscal year 2025 — the largest of 6 sleeves it reports, with the rest below:

Public equities	52.3%
Commodities	18.2%
Cash	12.8%
Fixed income (bonds)	11.0%
Hedge funds	5.7%
Private equity	0.0%

The plans most worth reading Texas LECOS 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 Texas LECOS have in assets?

Texas LECOS reported $2.1bn in total assets for fiscal year 2025, as compiled by the Public Plans Database.

What return did Texas LECOS make on its investments?

Texas LECOS reported a 8.9% one-year investment return for fiscal year 2025, and 8.7% a year over the past ten years, per the Public Plans Database.

Is Texas LECOS fully funded?

Yes — Texas LECOS was 102.1% funded for fiscal year 2025, at or above the 100% fully-funded target. US public plans face no federal funding minimum, and few clear it (Public Plans Database).

How is Texas LECOS's money invested?

Texas LECOS held 52.3% of its assets in public equities and 18.2% in commodities, its largest sleeves for fiscal year 2025 (Public Plans Database).

Figures as reported for fiscal year 2025 · Data: Public Plans Database (Center for Retirement Research at Boston College / MissionSquare Research Institute / NASRA) — used with attribution under its non-commercial terms · Refresh: quarterly pull, annual figures · Limitations: public plans report with a lag — FY figures arrive months after year end; returns are as reported by the plan, net/gross basis varies by plan

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.