CalSTRS Securities Lending Program 2015 Annual Report

CalSTRS Securities Lending Program 2015 Annual Report

Overview
Fixed Income - Securities Lending Program
General Information

Director’s Summary

The Securities Lending Program performed well during 2015, earning over $85.4 million. The program has averaged over $100 million in earnings during the past five calendar years. Program earnings continue to be a steady source of incremental income, generating over $1.44 billion for CalSTRS since its inception in 1988, adding, on average, over four basis points annually to the total portfolio.