San Bernadino County (CA) ERA — assets, returns and funding
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San Bernadino County (CA) ERA (California) reported $16.4bn of assets for fiscal year 2025, a one-year investment return of 8.7%, and was 88.8% funded — around the ~80% mark the industry reads as sound.
| Total assets (FY 2025) | $16.4bn |
| 1-year return | 8.7% |
| 5-year return (annualised) | 10.7% |
| 10-year return (annualised) | 7.5% |
| Funded ratio (GASB) | 88.8% |
How the money is invested (asset allocation)
San Bernadino County (CA) ERA held 36.7% of its assets in fixed income (bonds) and 19.8% in public equities for fiscal year 2025 — the largest of 6 sleeves it reports, with the rest below:
| Fixed income (bonds) | 36.7% |
| Public equities | 19.8% |
| Private equity | 19.1% |
| Hedge funds | 15.5% |
| Commodities | 5.3% |
| Real estate | 3.6% |
Compare San Bernadino County (CA) ERA with similar plans
The plans most worth reading San Bernadino County (CA) ERA against — similar in size, or invested in the same managers — side by side, each with its own page for the detail:
| Plan | Assets | 1-yr return | Funded ratio | Why comparable |
|---|---|---|---|---|
| California PERF (CalPERS) | $563.0bn | 11.6% | 71.3% | Same state — California |
| California Teachers (CalSTRS) | $370.2bn | 8.5% | 76.7% | Same state — California |
| University of California | $110.8bn | 12.7% | 85.4% | Same state — California |
| LA County (CA) ERS | $86.2bn | 9.7% | 82.0% | Same state — California |
| San Francisco (CA) ERS | $37.5bn | 7.9% | 96.8% | Same state — California |
| Los Angeles (CA) Fire and Police | $30.5bn | 11.3% | 100.6% | Same state — California |
Questions this page answers
How much does San Bernadino County (CA) ERA have in assets?
San Bernadino County (CA) ERA reported $16.4bn in total assets for fiscal year 2025, as compiled by the Public Plans Database.
What return did San Bernadino County (CA) ERA make on its investments?
San Bernadino County (CA) ERA reported a 8.7% one-year investment return for fiscal year 2025, and 7.5% a year over the past ten years, per the Public Plans Database.
Is San Bernadino County (CA) ERA fully funded?
San Bernadino County (CA) ERA was 88.8% funded for fiscal year 2025 — above the ~80% mark many treat as reasonably sound. US public plans face no federal funding minimum, and actuaries add that the trend matters more than any single line (Public Plans Database).
How is San Bernadino County (CA) ERA's money invested?
San Bernadino County (CA) ERA held 36.7% of its assets in fixed income (bonds) and 19.8% in public equities, its largest sleeves for fiscal year 2025 (Public Plans Database).
See also: all tracked plans · how the private-equity funds these plans invest in have actually performed, from the plans' own disclosures: private market performance, and where plans' numbers diverge on the same fund.