The New York State Common Retirement Fund reached an estimated value of $283.9 billion at the end of the first quarter of the 2025-26 fiscal year, according to New York State Comptroller Thomas P. DiNapoli. The fund posted a return of approximately 5.46% for the three-month period ending June 30.
“Financial markets have seen turbulence in the past few months, but returns for the Fund have been positive, even amid concerns over tariffs and a slowing job market,” DiNapoli said. “Thanks to our diverse portfolio and a long-term approach, the Fund is solidly positioned to continue to provide the retirement benefits our state and local government employees have earned.”
At the close of the previous fiscal year on March 31, 2025, the fund’s audited value was $273.1 billion.
As of June 30, about 41.2% of assets were invested in publicly traded equities. Other allocations included cash, bonds, and mortgages at 21.9%, private equity at 14.4%, real estate and real assets at 14%, with credit, absolute return strategies and opportunistic alternatives making up another 8.5%.
The fund maintains a long-term expected rate of return of 5.9%. Since 2009, DiNapoli has released quarterly performance reports as part of efforts to increase accountability and transparency within fund management.
The New York State Common Retirement Fund manages assets for more than one million state and local government employees, retirees, and beneficiaries across New York State.
