SCHOOL EMPLOYEES RETIREMENT BOARD OF OHIO

1. Portfolio Overview

The School Employees Retirement Board of Ohio (SERO) manages a highly concentrated and specialized portfolio totaling approximately $143.59 million as of the reporting period. The portfolio is characterized by extreme low diversification, comprising only three holdings. This suggests that this specific portion of the pension fund's assets is managed as a distinct "satellite" or tactical allocation rather than a broad, diversified core portfolio. The portfolio saw a sig...