Investment & Financial Reports
Access CalPERS reports and studies related to our investments.
Annual Reports
- 2022-23 Annual Investment Report (PDF, 8.7 MB)
- 2021-22 Annual Investment Report (PDF, 6.28 MB)
- 2020-21 Annual Investment Report (PDF, 10.3 MB)
- 2020-21 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)
- 2020-21 Annual Comprehensive Financial Report (PDF, 33.3 MB)
- 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)
- 2021-22 CalPERS Independent Verifier’s Verification and Examination Report (PDF)
- 2020-21 CalPERS Independent Verifier’s Verification and Examination Report (PDF)
- 2019-20 CalPERS Independent Verifier’s Verification and Examination Report (PDF)
- 2018-19 CalPERS Independent Verifier’s Verification and Examination Report (PDF)
- 2017-18 CalPERS Independent Verifier’s Verification and Examination Report (PDF)
Investment Committee Reports
- Asset Liability Management (ALM) Overview (PDF)
- CalPERS Trust Level Review Quarterly Update (PDF)
- CalPERS Annual Trust Level Review (PDF)
- CalPERS 2021 California Public Divest for Iran Act and Sudan Act Legislative Report (PDF)
- CalPERS 2022 California Public Divest for Iran Act and Sudan Act Legislative Report (PDF)
- CalPERS 2023 California Public Divest for Iran Act and Sudan Act Legislative Report (PDF)
- CalPERS Public Divestiture of Thermal Coal Companies Act Report to the California Legislature and Governor (PDF)
- Five-Year Divestment Review (PDF)
- Wilshire Review of Divestment Programs (PDF)
- Global Fixed Income Annual Program Review (PDF)
- Global Public Equity Annual Program Review (PDF)
- Corporate Governance Update (PDF)
- Sustainable Investments 2023 Strategy (PDF)