Investment portfolio
CalSTRS is the largest educator-only pension fund in the world with assets totaling approximately $408.3 billion as of April 30, 2026.
| Asset | Net asset<br>value<br>(in millions) | Actual | Current<br>target | Difference | Range |
|---|---|---|---|---|---|
| Public Equity* | 174,330 | 42.69% | 39.00% | 3.69% | +/- 8% |
| Fixed Income | 50,553 | 12.38% | 13.00% | -0.62% | +/- 5% |
| Real Estate* | 49,171 | 12.04% | 15.00% | -2.96% | +/- 5% |
| Private Equity* | 57,438 | 14.07% | 14.00% | 0.07% | +/- 5% |
| RMS | 33,269 | 8.15% | 10.00% | -1.85% | +/- 5% |
| Inflation Sensitive | 29,194 | 7.15% | 7.00% | 0.15% | +/- 5% |
| Cash / Liquidity | 7,112 | 1.74% | 2.00% | -0.26% | 0 - 5% |
| Collaborative<br>Strategies* | 6,911 | 1.69% | 0.00% | 1.69% | 0 - 5% |
| Strategic Overlay | 366 | 0.09% | 0.00% | 0.09% | |
| Total<br>investment assets | 408,344 | 100.00% | 100.00% |
* Includes Sustainable Investment & Stewardship Strategies public and private investments total of $2,920 (in millions)