Investment portfolio
CalSTRS is the largest educator-only pension fund in the world with assets totaling approximately $396.7 billion as of January 31, 2026.
| Asset | Net asset<br>value<br>(in millions) | Actual | Current<br>target | Difference | Range |
|---|---|---|---|---|---|
| Public Equity* | 167,957 | 42.33% | 39.00% | 3.33% | +/- 8% |
| Fixed Income | 50,028 | 12.61% | 13.00% | -0.39% | +/- 5% |
| Real Estate* | 49,180 | 12.40% | 15.00% | -2.60% | +/- 5% |
| Private Equity* | 57,130 | 14.40% | 14.00% | 0.40% | +/- 5% |
| RMS | 31,277 | 7.88% | 10.00% | -2.12% | +/- 5% |
| Inflation Sensitive | 27,675 | 6.98% | 7.00% | -0.02% | +/- 5% |
| Cash / Liquidity | 4,465 | 1.13% | 2.00% | -0.87% | 0 - 5% |
| Collaborative<br>Strategies* | 6,627 | 1.67% | 0.00% | 1.67% | 0 - 5% |
| Strategic Overlay | 2,396 | 0.60% | 0.00% | 0.60% | |
| Total<br>investment assets | 396,735 | 100.00% | 100.00% |
* Includes Sustainable Investment & Stewardship Strategies public and private investments total of $2,899 (in millions)