Investment portfolio
CalSTRS is the largest educator-only pension fund in the world with assets totaling approximately $390.6 billion as of March 31, 2026.
| Asset | Net asset<br>value<br>(in millions) | Actual | Current<br>target | Difference | Range |
|---|---|---|---|---|---|
| Public Equity* | 158,122 | 40.49% | 39.00% | 1.49% | +/- 8% |
| Fixed Income | 50,306 | 12.88% | 13.00% | -0.12% | +/- 5% |
| Real Estate* | 49,364 | 12.64% | 15.00% | -2.36% | +/- 5% |
| Private Equity* | 57,320 | 14.68% | 14.00% | 0.68% | +/- 5% |
| RMS | 31,728 | 8.12% | 10.00% | -1.88% | +/- 5% |
| Inflation Sensitive | 28,730 | 7.36% | 7.00% | 0.36% | +/- 5% |
| Cash / Liquidity | 7,670 | 1.96% | 2.00% | -0.04% | 0 - 5% |
| Collaborative<br>Strategies* | 6,971 | 1.78% | 0.00% | 1.78% | 0 - 5% |
| Strategic Overlay | 358 | 0.09% | 0.00% | 0.09% | |
| Total<br>investment assets | 390,569 | 100.00% | 100.00% |
* Includes Sustainable Investment & Stewardship Strategies public and private investments total of $2,894 (in millions)