Teacher Retirement System of Texas reported interest, dividends and securities lending income of $1.88 billion for the year ending Dec. 31 2012. This income was net of investing activity expenses of $153,2 million.
The fund reportedly recorded revenues of $960 million from securities lending since the start of its program in 2002 to the end of 2012.
Average lendable assets totaled $60.5 billion in 2012.
US Treasury Debt revenues was the highest earner for the fund’s securities lending program in 2012 with $55.1m of revenue recorded, while US equities were the second highest earner with $28.3 million of revenue recorded.