San Diego County (CA) ERA — assets, returns and funding
Pensions: all tracked plans · Australian super in numbers · Private market performance · the PE statistics · what plans disclose · where they diverge
San Diego County (CA) ERA (California) reported $19.7bn of assets for fiscal year 2025, a one-year investment return of 11.2%, and was 80.2% funded — around the ~80% mark the industry reads as sound.
| Total assets (FY 2025) | $19.7bn |
| 1-year return | 11.2% |
| 5-year return (annualised) | 9.0% |
| 10-year return (annualised) | 7.1% |
| Funded ratio (GASB) | 80.2% |
How the money is invested (asset allocation)
San Diego County (CA) ERA held 49.9% of its assets in public equities and 29.0% in hedge funds for fiscal year 2025 — the largest of 6 sleeves it reports, with the rest below:
| Public equities | 49.9% |
| Hedge funds | 29.0% |
| Real estate | 9.8% |
| Fixed income (bonds) | 7.3% |
| Private equity | 3.3% |
| Commodities | 0.7% |
Compare San Diego County (CA) ERA with similar plans
The plans most worth reading San Diego 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 Diego County (CA) ERA have in assets?
San Diego County (CA) ERA reported $19.7bn in total assets for fiscal year 2025, as compiled by the Public Plans Database.
What return did San Diego County (CA) ERA make on its investments?
San Diego County (CA) ERA reported a 11.2% one-year investment return for fiscal year 2025, and 7.1% a year over the past ten years, per the Public Plans Database.
Is San Diego County (CA) ERA fully funded?
San Diego County (CA) ERA was 80.2% 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 Diego County (CA) ERA's money invested?
San Diego County (CA) ERA held 49.9% of its assets in public equities and 29.0% in hedge funds, 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.