Investment portfolio
CalSTRS is the largest educator-only pension fund in the world with assets totaling approximately $351.6 billion as of April 30, 2025.
| Asset | Net Asset <br>value<br> (in millions) | Actual | Current <br>target | Difference | Range |
|---|---|---|---|---|---|
| Public Equity* | 137,243 | 39.03% | 40.00% | -0.97% | +/- 8% |
| Fixed Income | 43,320 | 12.32% | 13.00% | -0.68% | +/- 5% |
| Real Estate* | 46,822 | 13.32% | 15.00% | -1.68% | +/- 5% |
| Private Equity* | 55,187 | 15.70% | 14.00% | 1.70% | +/- 5% |
| RMS | 26,847 | 7.63% | 10.00% | -2.37% | +/- 5% |
| Inflation Sensitive | 24,496 | 6.97% | 6.00% | 0.97% | +/- 5% |
| Cash / Liquidity | 10,935 | 3.11% | 2.00% | 1.11% | 0 - 5% |
| Collaborative<br>Strategies* | 6,604 | 1.88% | 0.00% | 1.88% | 0 - 5% |
| Strategic Overlay | 157 | 0.04% | 0.00% | 0.04% | |
| Total<br>Investment Assets | 351,611 | 100.00% | 100.00% |
* Includes Sustainable Investment & Stewardship Strategies Public and Private investments total of $3,554 (in millions)