TRS 2011 Comprehensive Annual Financial Report
TRS 2011 Comprehensive Annual Financial Report
TRS 2011 Comprehensive Annual Financial Report
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TEACHER RETIREMENT SYSTEM OF TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT <strong>2011</strong><br />
Comparative Schedule of Changes in<br />
Account Balance<br />
PENSION TRUST FUND<br />
FOR THE FISCAL YEAR ENDED AUGUST 31, <strong>2011</strong> (With Comparative Data for August 31, 2010)<br />
INTEREST ACCOUNT <strong>2011</strong> 2010<br />
S C H E D U L E 1<br />
Additions:<br />
Interest, Dividends and Other Income:<br />
Short-Term $ 49,926,058 $ 49,813,039<br />
Equities 1,120,858,771 958,159,969<br />
Fixed Income 973,604,208 868,114,125<br />
Derivatives (20,218,414) (5,440,626)<br />
Securities Lending Program 79,452,915 108,315,827<br />
Miscellaneous 1,665,193<br />
Net Appreciation in Fair Value<br />
of Investments 12,616,681,465 7,542,738,000<br />
TOTAL ADDITIONS $ 14,820,305,003 $ 9,523,365,527<br />
Deductions:<br />
Transfers Out:<br />
Allocation of Interest to/(from):<br />
Member Savings Account $ 1,385,602,532 $ 1,300,356,529<br />
State Contribution Account (4,100,053,356) (3,900,921,846)<br />
Retired Reserve Account 4,692,033,648 4,432,496,003<br />
Deferred Retirement Option Account 4,829,832 5,639,288<br />
Expense Account 83,256,827 66,482,415<br />
Transfer to State Contribution Account<br />
for Net Appreciation in Fair Value<br />
of Investments 12,616,681,465 7,542,738,000<br />
External Manager Fees 137,954,055 76,575,138<br />
TOTAL DEDUCTIONS $ 14,820,305,003 $ 9,523,365,527<br />
Net Change in Account Balance $ 0 $ 0<br />
Account Balance - Beginning September 1 $ 0 $ 0<br />
Account Balance - Ending August 31 $ 0 $ 0<br />
68 FINANCIAL SECTION
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