Investment portfolio
CalSTRS is the largest educator-only pension fund in the world with assets totaling approximately $417.3 billion as of May 31, 2026.
| Asset | Net asset<br>value<br>(in millions) | Actual | Current<br>target | Difference | Range |
|---|---|---|---|---|---|
| Public Equity* | 183,350 | 43.94% | 39.00% | 4.94% | +/- 8% |
| Fixed Income | 50,806 | 12.17% | 13.00% | -0.83% | +/- 5% |
| Real Estate* | 49,507 | 11.86% | 15.00% | -3.14% | +/- 5% |
| Private Equity* | 56,970 | 13.65% | 14.00% | -0.35% | +/- 5% |
| RMS | 34,665 | 8.31% | 10.00% | -1.69% | +/- 5% |
| Inflation Sensitive | 29,374 | 7.04% | 7.00% | 0.04% | +/- 5% |
| Cash / Liquidity | 4,989 | 1.20% | 2.00% | -0.80% | 0 - 5% |
| Collaborative<br>Strategies* | 7,155 | 1.71% | 0.00% | 1.71% | 0 - 5% |
| Strategic Overlay | 496 | 0.12% | 0.00% | 0.12% | |
| Total<br>investment assets | 417,312 | 100.00% | 100.00% |
* Includes Sustainable Investment & Stewardship Strategies public and private investments total of $3,230 (in millions)