The California Public Employees’ Retirement System (CalPERS or the System) is the nation’s largest defined benefit public pension fund. Headquartered in Sacramento, CalPERS provides retirement benefit services to nearly 2.1 million members and health benefit services to over 1.5 million covered lives for state, school, and public employers.
Asset classes are a result of a period strategic asset allocation process and approved by the CalPERS Board of Administration.CalPERS' investment portfolio is diversified into several asset classes. Strategic asset allocation is the dominant determinant of portfolio risk and return; a well-diversified portfolio shapes our long-term performance, protects the Retirement Fund, and ensures any weaknesses in one area are offset by gains in another.
36.3% Public Equity
43.8% Private Equity
-0.1% Fixed Income
2.6% Real Assets
Asset allocation as of November 30, 2021. All information is as per the most recent annual report or other publicly available data via the fund's website