Investment portfolio
CalSTRS is the largest educator-only pension fund in the world with assets totaling approximately $417.7 billion as of September 30, 2026.
| Asset | Net asset<br>value<br>(in millions) | Actual | Current<br>target | Difference | Range |
|---|---|---|---|---|---|
| Public Equity* | 178,559 | 42.75% | 39.00% | 3.75% | +/- 8% |
| Fixed Income | 50,239 | 12.03% | 13.00% | -0.97% | +/- 5% |
| Real Estate* | 50,564 | 12.10% | 15.00% | -2.90% | +/- 5% |
| Private Equity* | 57,512 | 13.77% | 14.00% | -0.23% | +/- 5% |
| RMS | 38,380 | 9.19% | 10.00% | -0.81% | +/- 5% |
| Inflation Sensitive | 30,155 | 7.22% | 7.00% | 0.22% | +/- 5% |
| Cash / Liquidity | 2,876 | 0.69% | 2.00% | -1.31% | 0 - 5% |
| Collaborative<br>Strategies* | 8,822 | 2.11% | 0.00% | 2.11% | 0 - 5% |
| Strategic Overlay | 594 | 0.14% | 0.00% | 0.14% | |
| Total<br>investment assets | 417,701 | 100.00% | 100.00% |
* Includes Sustainable Investment & Stewardship Strategies public and private investments total of $3,894 (in millions)