SWIB is required to make investment management decisions solely for the benefit of the trust funds it manages. As fiduciaries of the pension funds, SWIB staff and Trustees are required to use the diligence, skill and care that a prudent investor would use in managing a large public pension fund.
Trustees are responsible for determining SWIB's overall investment management policies. Selection of individual investments is in the hands of staff and external money management firms. Both must make investment decisions based on extensive research, detailed analytics and judgment based on risks and potential returns. The rate of return and risk are evaluated when considering asset classes and the individual investments. More information about investments is available by visiting the following links:
▪ Investments in Wisconsin, which follow strict guidelines, are part of SWIB's everyday investment activity in the global markets. SWIB also makes a special effort to identify investment opportunities that exist within the state. There are two portfolios dedicated primarily to Wisconsin investments.
▪ Minority Broker Program - Wisconsin statute (§. 25.185) encourages the Investment Board to devote 5 percent of its equity brokerage commission, each fiscal year, to minority-owned financial advisers and investment firms. SWIB must maintain its fiduciary responsibility by contracting with firms that provide the best quality when managing trust funds. Information about SWIB's minority broker program is available by clicking here.
▪ Securities and Exchange Commission (SEC) quarterly filings, the most current list of domestic stocks held by SWIB available, is on the SEC website. It is listed as the State of Wisconsin Investment Board 13F - HR form.
▪ Investment guidelines, set by Trustees, are the parameters that must be followed to make investment decisions.
▪ Investment performance for Core and Variable Funds and impact on WRS participants since 1983 (PDF file).
To request printed copies of materials contact SWIB's beneficiary hotline at (608) 267-0957 or toll-free at (800) 424-7942 or by email.