Investment portfolio
CalSTRS is the largest educator-only pension fund in the world with assets totaling approximately $412.9 billion as of July 31, 2026.
| Asset | Net asset<br>value<br>(in millions) | Actual | Current<br>target | Difference | Range |
|---|---|---|---|---|---|
| Public Equity* | 177,856 | 43.07% | 39.00% | 4.07% | +/- 8% |
| Fixed Income | 50,878 | 12.32% | 13.00% | -0.68% | +/- 5% |
| Real Estate* | 49,588 | 12.01% | 15.00% | -2.99% | +/- 5% |
| Private Equity* | 56,642 | 13.72% | 14.00% | -0.28% | +/- 5% |
| RMS | 34,953 | 8.46% | 10.00% | -1.54% | +/- 5% |
| Inflation Sensitive | 29,466 | 7.14% | 7.00% | 0.14% | +/- 5% |
| Cash / Liquidity | 4,740 | 1.15% | 2.00% | -0.85% | 0 - 5% |
| Collaborative<br>Strategies* | 8,341 | 2.02% | 0.00% | 2.02% | 0 - 5% |
| Strategic Overlay | 470 | 0.11% | 0.00% | 0.11% | |
| Total<br>investment assets | 412,934 | 100.00% | 100.00% |
* Includes Sustainable Investment & Stewardship Strategies public and private investments total of $3,818 (in millions)