Treasurer says state’s investments are up from a year ago

Investments | Teachers' Retirement System of the State of Illinois


Oklahoma Treasurer Todd Russ reported this week the state’s total investments gained nearly $2 billion from December 2022 to December of last year.

The total portfolio market value was $15.8 billion, or $1.9 billion more than the previous year. Russ explained that of the total portfolio, 66% ws in U.S. Treasurys and 8% were in U.S. government agencies.


September portfolio yielded 3.05% with a weighted average maturity of 976 days.

Total portfolio market value of $15.8 billion, up $1.9 billion in comparison to December 2022.

Total portfolio contained 66% in U.S. Treasurys, 8% in U.S. government agencies,

17% in mortgage-backed securities, 8% money market mutual funds, 0.3% in certificates of deposit,

and 0.6% in state bond issues and foreign bonds, comprised the balance of funds invested.


Funds available for investment at market value include the State Treasurer’s investments at $12,348,659,042 and State Agency balances in OK Invest at $3,528,661,428 for a total of $15,877,320,470.


S&P Dow Nasdaq
For the month 4% 5% 5%
Year-to-date 24% 14% 43%

The treasury market fluctuated with the 10-year treasury ending 2023 at 3.88% which was very close to where it began the year. The 10-year rate reached a 16-year high above 5% but retreated by year-end. Meanwhile, the 2-year treasury closed at 4.25% in comparison to 4.43% on January 1. The 30-year came in at 4.03% which was only 0.06% higher than at the beginning of the year.

The 2023 equity market reflected a bull environment beating expectations for the year. The S&P 500, Dow Jones Industrial Average and Nasdaq had rates of return for the year of 24%, 14% and 43%, respectively. The S&P earned 4%, the Dow was at 5% and the Nasdaq at 5% for the month of December. According to Barron’s the Dow topped 37000 for the first time and set seven record closes in the final days of 2023. A mania surrounding artificial intelligence and big technology stocks sent the Nasdaq soaring.