Investment portfolio
CalSTRS is the largest educator-only pension fund in the world with assets totaling approximately $369.6 billion as of July 31, 2025.
| Asset | Net asset<br>value<br>(in millions) | Actual | Current<br>target | Difference | Range |
|---|---|---|---|---|---|
| Public Equity* | 152,512 | 41.27% | 39.00% | 2.27% | +/- 8% |
| Fixed Income | 46,173 | 12.49% | 13.00% | -0.51% | +/- 5% |
| Real Estate* | 47,211 | 12.77% | 15.00% | -2.23% | +/- 5% |
| Private Equity* | 55,639 | 15.06% | 14.00% | 1.06% | +/- 5% |
| RMS | 26,739 | 7.24% | 10.00% | -2.76% | +/- 5% |
| Inflation Sensitive | 25,574 | 6.92% | 7.00% | -0.08% | +/- 5% |
| Cash / Liquidity | 10,404 | 2.81% | 2.00% | 0.81% | 0 - 5% |
| Collaborative<br>Strategies* | 4,802 | 1.30% | 0.00% | 1.30% | 0 - 5% |
| Strategic Overlay | 504 | 0.14% | 0.00% | 0.14% | |
| Total<br>investment assets | 369,558 | 100.00% | 100.00% |
* Includes Sustainable Investment & Stewardship Strategies public and private investments total of $1,916 (in millions)