Fixed Trust Fund Fixed Trust Fund Investment returns for the Fixed Trust Fund are shown below. The one-year return and the average annual return for the most recent five years and ten years are compared to performance benchmarks and the actuarial benchmark. Performance benchmarks reflect market indices. Investment returns differ from amounts credited to participants' accounts because of accounting and actuarial practices. These participants include state, school, and local government employees.
Holdings are diversified among small, medium and large companies.
Four portfolios are managed internally and two externally. SWIB also invests in three funds that contain the same companies as the market indices. Investments are divided among an internally managed portfolio, externally managed portfolios and an index fund. Three of the portfolios are actively managed by SWIB staff and one is invested in an index fund. Securities must meet minimum credit quality requirements.