Investment Expenses The State Investment Commission and Office of the General Treasurer are committed to delivering the strongest possible investment performance for the state’s pension system. An important part of delivering strong performance is ensuring that fees and expenses are kept to appropriate levels. The SIC and Treasury strive to ensure that all investment-related fees and expenses are within industry norms, and fully transparent to the public. Fiscal Year 2022 Fiscal Year 2021 Fiscal Year 2020 Fiscal Year 2019 Fiscal Year 2018 Fiscal Year 2017 Fiscal Year 2016 Fiscal Year 2015 Fiscal Year 2014 Fiscal Year 2013 Fiscal Year 2012 When are expenses reported? Each of the reports above contain an accounting of both direct and indirect investment expenses and are compiled once per year. Every month an accounting of direct investment expenses is included the report presented to the State Investment Commission. FY 2015 Direct Expenses Additional information and resources regarding investment expenses are available on our Data Portal.