Investment portfolio
CalSTRS is the largest educator-only pension fund in the world with assets totaling approximately $367.7 billion as of June 30, 2025.
| Asset | Net Asset<br>value<br>(in millions) | Actual | Current<br>target | Difference | Range |
|---|---|---|---|---|---|
| Public Equity* | 151,649 | 41.25% | 40.00% | 1.25% | +/- 8% |
| Fixed Income | 43,976 | 11.96% | 13.00% | -1.04% | +/- 5% |
| Real Estate* | 46,974 | 12.78% | 15.00% | -2.22% | +/- 5% |
| Private Equity* | 55,659 | 15.14% | 14.00% | 1.14% | +/- 5% |
| RMS | 26,723 | 7.27% | 10.00% | -2.73% | +/- 5% |
| Inflation Sensitive | 25,448 | 6.92% | 6.00% | 0.92% | +/- 5% |
| Cash / Liquidity | 10,202 | 2.77% | 2.00% | 0.77% | 0 - 5% |
| Collaborative<br>Strategies* | 6,779 | 1.84% | 0.00% | 1.84% | 0 - 5% |
| Strategic Overlay | 263 | 0.07% | 0.00% | 0.07% | |
| Total<br>investment assets | 367,673 | 100.00% | 100.00% |
* Includes Sustainable Investment & Stewardship Strategies public and private investments total of $3,514 (in millions)