Texas Teachers (TRS of Texas) — assets, returns and funding
Pensions: all tracked plans · Australian super in numbers · Private market performance · the PE statistics · what plans disclose · where they diverge
Texas Teachers (TRS of Texas) (Texas) reported $226.3bn of assets for fiscal year 2025, a one-year investment return of 10.8%, and was 77.5% funded — below the ~80% mark the industry reads as sound.
| Total assets (FY 2025) | $226.3bn |
| 1-year return | 10.8% |
| 5-year return (annualised) | 9.3% |
| 10-year return (annualised) | 7.8% |
| Funded ratio (GASB) | 77.5% |
How the money is invested (asset allocation)
Texas Teachers (TRS of Texas) held 25.4% of its assets in private equity and 22.2% in real estate for fiscal year 2025 — the largest of 7 sleeves it reports, with the rest below:
| Private equity | 25.4% |
| Real estate | 22.2% |
| Hedge funds | 21.8% |
| Commodities | 11.7% |
| Public equities | 10.5% |
| Fixed income (bonds) | 5.2% |
| Cash | 3.2% |
Compare Texas Teachers (TRS of Texas) with similar plans
The plans most worth reading Texas Teachers (TRS of Texas) 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 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 |
| Houston (TX) Municipal | $4.7bn | 11.8% | 76.9% | Same state — Texas |
Questions this page answers
How much does Texas Teachers (TRS of Texas) have in assets?
Texas Teachers (TRS of Texas) reported $226.3bn in total assets for fiscal year 2025, as compiled by the Public Plans Database.
What return did Texas Teachers (TRS of Texas) make on its investments?
Texas Teachers (TRS of Texas) reported a 10.8% one-year investment return for fiscal year 2025, and 7.8% a year over the past ten years, per the Public Plans Database.
Is Texas Teachers (TRS of Texas) fully funded?
Texas Teachers (TRS of Texas) was 77.5% funded for fiscal year 2025 — 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 Texas Teachers (TRS of Texas)'s money invested?
Texas Teachers (TRS of Texas) held 25.4% of its assets in private equity and 22.2% in real estate, its largest sleeves for fiscal year 2025 (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.