Investment Operations Report
In addition to managing a multibillion-dollar portfolio, the SCERS investment program includes a range of operational activities that support effective governance, transparency, and fiduciary oversight by staff and the Board. The Annual Investment Operations Report provides an overview of these activities, including the following key areas:
Tax Dividend Recovery (International Investments)
The report describes efforts to reclaim foreign withholding taxes on international dividends, helping maximize net investment returns.
Proxy Voting
SCERS exercises its shareholder voting rights to promote strong corporate governance practices and protect the long-term interests of plan members.
Placement Agent Disclosure
The report outlines disclosures related to the use of placement agents in investment manager selection, supporting transparency and compliance with state law.
Securities Lending
This section summarizes the program through which securities are temporarily loaned to generate additional income, while managing risk and safeguarding assets.
Securities Litigation Claims
SCERS monitors and files claims in eligible securities class-action lawsuits to recover losses when companies violate securities laws.
