Louisiana Registrar of Voters Employees' Retirement System
| Louisiana Registrar of Voters Employees' Retirement System | |
 | |
| Basic facts | |
| Location: | Gonzales, Louisiana |
| Top official: | Dwayne Wall, chair |
| Year founded: | 1955 |
| Active members: | 231 |
| Website: | Official website |
| Total assets under management | |
| 2023: | $124,158,298 |
- See also: Public pensions in Louisiana
The Louisiana Registrar of Voters Employees' Retirement System (ROVERS) is a Louisiana state pension fund that provides retirement, disability, and survivor benefits to the state's registrars of voters, their deputies, and their permanent employees in each parish. ROVERS had $124,158,298 ($124.0 million) in total assets under management as of June 30, 2023.[1]
The management of public pension funds can indicate support or opposition to environmental, social, and corporate governance (ESG) investment practices. ESG investing considers the extent to which corporations align with and promote certain non-financial standards, such as net carbon emission or corporate board diversity goals. States typically hire asset management companies (AMCs) to direct pension plan investments, some of which have ESG commitments that guide their strategies.
This article features the following sections:
- Background: Information about the structure and functions of ROVERS.
- Pension performance overview: Overview of the funding level and assets managed by ROVERS.
- Assets and asset management: Information about the asset management companies (AMCs) that contract with ROVERS, including a list of contracting AMCs that are participants in the Net Zero Asset Managers Initiative and the Climate Action 100+ initiative.
- Governance and accountability: Details about ROVERS's oversight board, including members and selection.
Background
- See also: Public pensions
The Louisiana Registrar of Voters Employees' Retirement System, founded in 1955, invests the assets of and provides funding for the pension of Louisiana's registrars of voters, their deputies, and their permanent employees in each parish. The system operates as a defined benefit plan, and includes an optional defined contribution plan for members.[2]
ROVERS served over 231 active members and approximately 190 retirees and beneficiaries as of June 30, 2023.[1]
Pension performance overview
The following table features information about the funding level and assets managed by the Louisiana Registrar of Voters Employees' Retirement System as of June 30, 2023:[1]
| Louisiana Registrar of Voters Employees' Retirement System pension performance (June 30, 2023) | |||
|---|---|---|---|
| Fiscal year | Percent funded | Unfunded liabilities | Total assets |
| 2023 | 86.73% | $19,004,624 | $124,158,298 |
Assets and asset management
| Environmental, social, and corporate governance |
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| • What is ESG? • Enacted ESG legislation • Arguments for and against ESG • Opposition to ESG • Federal ESG rules • ESG legislation tracker • Economy and Society: Ballotpedia's weekly ESG newsletter |
Asset management companies (AMCs) are hired to manage asset investment for state pension funds across all 50 states.
As of October 2024, 330 AMCs were members of the Net Zero Asset Managers Initiative (NZAM), and 391 AMCs were investor participants in the Climate Action 100+ initiative. Both international asset manager initiatives aimed to align the investment decisions of signatories with the goal of achieving net zero greenhouse gas emissions by 2050.[3][4]
NZAM announced on January 13, 2025, that it was suspending operations and removing the commitment statement and list of signatories from its website. The group said in a statement it would reevaluate its plans and operations in light of “[r]ecent developments in the U.S. and different regulatory and client expectations in investors’ respective jurisdictions.”[5]
List of AMCs contracting with the Louisiana Registrar of Voters Employees' Retirement System
The Louisiana Registrar of Voters Employees' Retirement System (ROVERS) contracted with 34 asset management companies (AMCs) or specific funds as of June 30, 2023. Of those companies, none were participants in Climate Action 100+, and three were members of NZAM, as of October 2024. The following list identifies the AMCs (and in some cases, the specific funds) contracting with ROVERS:[6]
| Louisiana Registrar of Voters Employees' Retirement System (ROVERS) asset management companies Click on a column header below to sort the list of asset managers. | |||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AMC name | Investment type | Assets under management | Percentage of total fund assets | NZAM Initiative signatory as of October 2024[7] | Climate Action 100+ signatory as of October 2024 | ||||||||||||||||||||||||
| Federal Home Loan Mortgage Corporation | Fixed Income - Domestic; Bonds | $3,566,213 | 2.666% | No | No | ||||||||||||||||||||||||
| Federal National Mortgage Association | Fixed Income - Domestic; Bonds | 1,796,568 | 1.343% | No | No | ||||||||||||||||||||||||
| Government National Mortgage Association | Fixed Income - Domestic; Bonds | 69,228 | 0.052% | No | No | ||||||||||||||||||||||||
| Corporate bonds | Fixed Income - Domestic; Bonds | 9,507,810 | 7.109% | No | No | ||||||||||||||||||||||||
| Blackrock MultiAsset Income Fund | Fixed Income - Domestic; Mutual Funds | 5,057,047 | 3.781% | Yes | No | ||||||||||||||||||||||||
| PIMCO Diversified Income Fund | Fixed Income - Domestic; Mutual Funds | 11,290,996 | 8.442% | No | No | ||||||||||||||||||||||||
| JP Morgan Income Builder Fund | Fixed Income - Domestic; Mutual Funds | 4,930,375 | 3.686% | Yes | No | ||||||||||||||||||||||||
| Schlumberger Investments NTS | Fixed Income Corporate International; Bonds - corporate international | $393,140 | 0.294% | No | No | ||||||||||||||||||||||||
| Common stock | Corporate International Equities - Domestic; Marketable Securities | $27,123,422 | 20.279% | No | No | ||||||||||||||||||||||||
| Fidelity Total Market Index Fund | Corporate International Equities - Domestic; Mutual Funds | 17,002,793 | 12.712% | No | No | ||||||||||||||||||||||||
| Westfield-Foreign Stock | Equities - International; Marketable Securities | $970,891 | 0.726% | No | No | ||||||||||||||||||||||||
| Eagle-Foreign Stock | Equities - International; Marketable Securities | 1,813,754 | 1.356% | No | No | ||||||||||||||||||||||||
| DFA International Value PRTF -Dimensional | Equities - International; Mutual Funds | 6,318,044 | 4.724% | No | No | ||||||||||||||||||||||||
| Driehaus International Small Cap Growth Fund | Equities - International; Mutual Funds | 5,075,083 | 3.794% | No | No | ||||||||||||||||||||||||
| Fidelity Total International Index Fund | Equities - International; Mutual Funds | 5,513,543 | 4.122% | No | No | ||||||||||||||||||||||||
| Vontobel International Equity Fund | Equities - International; Mutual Funds | 5,501,885 | 4.114% | No | No | ||||||||||||||||||||||||
| American Core Realty Fund, LP | Real Estate; | $6,892,578 | 5.153% | No | No | ||||||||||||||||||||||||
| JP Morgan Special Situation Property Fund | Real Estate; | 5,608,418 | 4.193% | No | No | ||||||||||||||||||||||||
| Equitas Evergreen Fund, L.P. | Alternative Investments; | Yes | No | ||||||||||||||||||||||||||
| StepStone Crossover Ventures I, L.P. | Alternative Investments; | 224,572 | 0.168% | No | No | ||||||||||||||||||||||||
| Federated Hermes Intermediate Corporate Bonds | Fixed Income - Domestic; Mutual Funds | $19,315 | 0.014% | No | No | ||||||||||||||||||||||||
| Fidelity Short Term Treasury Bonds | Fixed Income - Domestic; Mutual Funds | 33,361 | 0.025% | No | No | ||||||||||||||||||||||||
| Fidelity Interm Treasury Bonds | Fixed Income - Domestic; Mutual Funds | 31,201 | 0.023% | No | No | ||||||||||||||||||||||||
| Vanguard Short-Term Corporate Bonds | Fixed Income - Domestic; Mutual Funds | 18,683 | 0.014% | No | No | ||||||||||||||||||||||||
| Vanguard Mortgage-Backed Security Index | Fixed Income - Domestic; Mutual Funds | 62,188 | 0.046% | No | No | ||||||||||||||||||||||||
| iShares Core US Aggregate Bond ETF | Fixed Income - Domestic; Exchange Traded Funds | $9,153 | 0.007% | No | No | ||||||||||||||||||||||||
| iShares Russell 2000 ETF | Equities - Domestic; Exchange Traded Funds | No | No | ||||||||||||||||||||||||||
| iShares S&P Small-Cap ETF | Equities - Domestic; Exchange Traded Funds | 6,378 | 0.005% | No | No | ||||||||||||||||||||||||
| iShares Core S&P Mid-Cap ETF | Equities - Domestic; Exchange Traded Funds | 19,872 | 0.015% | No | No | ||||||||||||||||||||||||
| iShares Core S&P 500 ETF | Equities - Domestic; Exchange Traded Funds | $74,879 | 0.056% | No | No | ||||||||||||||||||||||||
| iShares Core MSCI EAFE ETF | Equities - International; Exchange Traded Funds | $11,610 | 0.009% | No | No | ||||||||||||||||||||||||
| iShares S&P Global Infrastucture ETF | Equities - International; Exchange Traded Funds | 3,099 | 0.002% | No | No | ||||||||||||||||||||||||
| iShares Core MSCI Emerging Markets | Equities - International; Exchange Traded Funds | 3,155 | 0.002% | No | No | ||||||||||||||||||||||||
| Schwab Intl Small Cap Equity ETF | Equities - International; Exchange Traded Funds | 1,621 | 0.001% | No | No
Governance and accountabilityThis section features information about the eight-member board of trustees that oversees the Louisiana Registrar of Voters Employees' Retirement System (ROVERS). The board is specific to oversight of ROVERS and does not exercise oversight duties for other state funds.[8][2] Board selection methodThe board of trustees that oversees ROVERS is made up of eight members. Six trustees are active or retired members of ROVERS elected by the membership, and two trustees are the chairman of the Louisiana Senate Committee on Retirement and the chairman of the Louisiana House Committee on Retirement.[2] Board of trustees membershipAn eight-member board of trustees oversees the operation and administration of ROVERS. The following individuals served on the board as of July 2024:[8]
See also
External linksFootnotes
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