Investment portfolio
CalSTRS is the largest educator-only pension fund in the world with assets totaling approximately $401.6 billion as of February 28, 2026.
| Asset | Net asset<br>value<br>(in millions) | Actual | Current<br>target | Difference | Range |
|---|---|---|---|---|---|
| Public Equity* | 170,556 | 42.47% | 39.00% | 3.47% | +/- 8% |
| Fixed Income | 50,904 | 12.68% | 13.00% | -0.32% | +/- 5% |
| Real Estate* | 49,121 | 12.23% | 15.00% | -2.77% | +/- 5% |
| Private Equity* | 57,488 | 14.31% | 14.00% | 0.31% | +/- 5% |
| RMS | 32,274 | 8.04% | 10.00% | -1.96% | +/- 5% |
| Inflation Sensitive | 27,978 | 6.97% | 7.00% | -0.03% | +/- 5% |
| Cash / Liquidity | 6,262 | 1.56% | 2.00% | -0.44% | 0 - 5% |
| Collaborative<br>Strategies* | 6,520 | 1.62% | 0.00% | 1.62% | 0 - 5% |
| Strategic Overlay | 476 | 0.12% | 0.00% | 0.12% | |
| Total<br>investment assets | 401,579 | 100.00% | 100.00% |
* Includes Sustainable Investment & Stewardship Strategies public and private investments total of $2,898 (in millions)