Investment portfolio
CalSTRS is the largest educator-only pension fund in the world with assets totaling approximately $421.5 billion as of August 31, 2026.
| Asset | Net asset<br>value<br>(in millions) | Actual | Current<br>target | Difference | Range |
|---|---|---|---|---|---|
| Public Equity* | 181,004 | 42.94% | 39.00% | 3.94% | +/- 8% |
| Fixed Income | 51,327 | 12.18% | 13.00% | -0.82% | +/- 5% |
| Real Estate* | 50,386 | 11.95% | 15.00% | -3.05% | +/- 5% |
| Private Equity* | 57,768 | 13.70% | 14.00% | -0.30% | +/- 5% |
| RMS | 36,634 | 8.69% | 10.00% | -1.31% | +/- 5% |
| Inflation Sensitive | 30,217 | 7.17% | 7.00% | 0.17% | +/- 5% |
| Cash / Liquidity | 4,802 | 1.14% | 2.00% | -0.86% | 0 - 5% |
| Collaborative<br>Strategies* | 8,766 | 2.08% | 0.00% | 2.08% | 0 - 5% |
| Strategic Overlay | 636 | 0.15% | 0.00% | 0.15% | |
| Total<br>investment assets | 421,540 | 100.00% | 100.00% |
* Includes Sustainable Investment & Stewardship Strategies public and private investments total of $3,874 (in millions)