CalSTRS Earns 17.4% on Its Investments

The California State Teachers’ Retirement System, the third-largest U.S. pension fund, said it earned 17.4% on its investments for its fiscal year ended June 30, boosted by a 21% return in U.S. equities.

The pension fund, known as CalSTRS, saw its returns increase from 3.4% in the previous year and losses in the three years before that. The pension fund ended its fiscal year with $116.2 billion in assets, down from $116.7 billion in March.

CalSTRS reported its results in five asset classes. In the domestic equities class, where CalSTRS has 41% of its assets, the fund posted a 20.95% return. That beat the 20.48% of the CalSTRS benchmark, the Russell 3,000 index, excluding tobacco stocks.