Investment portfolio
CalSTRS is the largest educator-only pension fund in the world with assets totaling approximately $358.4 billion as of May 31, 2025.
| Asset | Net Asset<br>value<br>(in millions) | Actual | Current<br>target | Difference | Range |
|---|---|---|---|---|---|
| Public Equity* | 145,348 | 40.55% | 40.00% | 0.55% | +/- 8% |
| Fixed Income | 43,208 | 12.06% | 13.00% | -0.94% | +/- 5% |
| Real Estate* | 46,753 | 13.04% | 15.00% | -1.96% | +/- 5% |
| Private Equity* | 55,784 | 15.56% | 14.00% | 1.56% | +/- 5% |
| RMS | 26,311 | 7.34% | 10.00% | -2.66% | +/- 5% |
| Inflation Sensitive | 24,858 | 6.94% | 6.00% | 0.94% | +/- 5% |
| Cash / Liquidity | 9,250 | 2.58% | 2.00% | 0.58% | 0 - 5% |
| Collaborative<br>Strategies* | 6,695 | 1.87% | 0.00% | 1.87% | 0 - 5% |
| Strategic Overlay | 207 | 0.06% | 0.00% | 0.06% | |
| Total<br>investment assets | 358,414 | 100.00% | 100.00% |
* Includes Sustainable Investment & Stewardship Strategies Public and Private investments total of $3,673 (in millions)