Investment portfolio
CalSTRS is the largest educator-only pension fund in the world with assets totaling approximately $385.8 billion as of October 31, 2025.
| Asset | Net asset<br>value<br>(in millions) | Actual | Current<br>target | Difference | Range |
|---|---|---|---|---|---|
| Public Equity* | 162,506 | 42.12% | 39.00% | 3.12% | +/- 8% |
| Fixed Income | 49,072 | 12.72% | 13.00% | -0.28% | +/- 5% |
| Real Estate* | 47,806 | 12.39% | 15.00% | -2.61% | +/- 5% |
| Private Equity* | 56,658 | 14.68% | 14.00% | 0.68% | +/- 5% |
| RMS | 29,711 | 7.70% | 10.00% | -2.30% | +/- 5% |
| Inflation Sensitive | 27,089 | 7.02% | 7.00% | 0.02% | +/- 5% |
| Cash / Liquidity | 7,478 | 1.94% | 2.00% | -0.06% | 0 - 5% |
| Collaborative<br>Strategies* | 5,267 | 1.36% | 0.00% | 1.36% | 0 - 5% |
| Strategic Overlay | 261 | 0.07% | 0.00% | 0.07% | |
| Total<br>investment assets | 385,848 | 100.00% | 100.00% |
* Includes Sustainable Investment & Stewardship Strategies public and private investments total of $1,944 (in millions)