Investment portfolio
CalSTRS is the largest educator-only pension fund in the world with assets totaling approximately $415.4 billion as of June 30, 2026.
| Asset | Net asset<br>value<br>(in millions) | Actual | Current<br>target | Difference | Range |
|---|---|---|---|---|---|
| Public Equity* | 180,322 | 43.41% | 39.00% | 4.41% | +/- 8% |
| Fixed Income | 51,114 | 12.30% | 13.00% | -0.70% | +/- 5% |
| Real Estate* | 49,361 | 11.88% | 15.00% | -3.12% | +/- 5% |
| Private Equity* | 56,402 | 13.58% | 14.00% | -0.42% | +/- 5% |
| RMS | 35,417 | 8.52% | 10.00% | -1.48% | +/- 5% |
| Inflation Sensitive | 29,193 | 7.03% | 7.00% | 0.03% | +/- 5% |
| Cash / Liquidity | 5,066 | 1.22% | 2.00% | -0.78% | 0 - 5% |
| Collaborative<br>Strategies* | 8,097 | 1.95% | 0.00% | 1.95% | 0 - 5% |
| Strategic Overlay | 449 | 0.11% | 0.00% | 0.11% | |
| Total<br>investment assets | 415,421 | 100.00% | 100.00% |
* Includes Sustainable Investment & Stewardship Strategies public and private investments total of $3,894 (in millions)