Investment & Financial Reports
Access CalPERS reports and studies related to our investments.
Annual Reports
- 2023-24 Annual Investment Report (PDF, 9.8 MB)
- 2022-23 Annual Investment Report (PDF, 8.7 MB)
- 2021-22 Annual Investment Report (PDF, 6.28 MB)
- 2023-24 Basic Financial Statements (PDF)
- 2022-23 Basic Financial Statements (PDF)
- 2021-22 Basic Financial Statements (PDF)
- 2023-24 Annual Comprehensive Financial Report (PDF, 19.4 MB)
- 2022-23 Annual Comprehensive Financial Report (PDF, 15.9 MB)
- 2021-22 Annual Comprehensive Financial Report (PDF, 12.9 MB)
- 2024-25 CalPERS Independent Verifier’s Verification and Examination Report (PDF)
- 2023-24 CalPERS Independent Verifier’s Verification and Examination Report (PDF, 2.8 MB)
- 2022-23 CalPERS Independent Verifier’s Verification and Examination Report (PDF)
Investment Committee Reports
- CalPERS Annual Trust Level Review (PDF)
- CalPERS 2024 California Public Divest from Iran Act and Sudan Act Legislative Report (PDF)
- CalPERS 2023 California Public Divest from Iran Act and Sudan Act Legislative Report (PDF)
- CalPERS 2022 California Public Divest from Iran Act and Sudan Act Legislative Report (PDF)
- Five-Year Divestment Review (PDF)
- Wilshire Review of Divestment Programs (PDF)
- 2024-25 Private Debt Annual Program Review (PDF)
- 2024-25 Private Equity Annual Program Review (PDF)
- 2024-25 Real Assets Annual Program Review (PDF)
- 2024-25 Global Fixed Income Annual Program Review (PDF)
- 2024-25 Global Public Equity Annual Program Review (PDF)
- 2023-24 Sustainable Investments Annual Program Review (PDF)
- 2023-24 Total Fund Portfolio Management Annual Program Review (PDF)