The New York State Common Retirement Fund was valued at an estimated $291.4 billion at the end of the second quarter of Fiscal Year 2025-26, Comptroller Thomas P. DiNapoli announced today.
The Fund returned an estimated 4.13% for the quarter and 9.82% for the first half of the fiscal year. Despite ongoing domestic and global economic uncertainty, DiNapoli said the Fund’s diversified strategy and long-term focus position it to continue providing retirement benefits for state and local employees.
“At a time of market volatility and concerns over inflation and labor trends, our approach ensures the Fund remains strong for the people who rely on it,” DiNapoli said.
As of September 30, 2025, the Fund had 41.7% of its assets in publicly traded stocks, with the remainder allocated to cash, bonds, mortgages, private equity, real estate, and other alternative investments. The Fund’s long-term expected rate of return is 5.9%.
The Fund’s audited value at the end of the last fiscal year, March 31, 2025, was $273.1 billion. DiNapoli has released quarterly performance reports since 2009 to increase transparency and accountability in managing the state pension system.
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