Passive equity portfolios of 10 large pension funds

With CalPERS considering cutting active management, see where its current passive portfolio compares to its peers. All passive figures include indexed and enhanced U.S. equity portfolios.

Teacher Retirement System of Texas

Texas Teachers, the nation's sixth largest pension fund, is almost entirely actively managed. Only 16.5% of the $25.6 billion equity portfolio is passively managed.

State Teachers' Retirement System of Ohio

Ohio Teachers' Retirement System, the nation's 13th largest pension fund, is mostly actively managed. About 34.6% of the $24.3 billion equity portfolio is passively managed.

Teachers' Retirement System of Georgia

Half of the $29.6 billion equity portfolio of Georgia Teachers' Retirement System, the nation's 17th largest pension fund, is passively managed.

State of Wisconsin Investment Board

About 56% of the $24.3 billion equity portfolio of State of Wisconsin Investment Board, the nation's nineth largest pension fund, is passively managed.

California Public Employees' Retirement System

About 72% of the $57.2 billion equity portfolio of CalPERS, the nation's largest pension fund, is passively managed.

California State Teachers' Retirement System

About 74% of the $55.6 billion equity portfolio of CalSTRS, the nation's second largest pension fund, is passively managed.

New York City Retirement System

About 82% of the $47.6 billion equity portfolio of New York City Retirement System, the nation's fifth largest pension fund, is passively managed.

Florida State Board of Administration

About 87% of the $33.8 billion equity portfolio of Florida State Board of Administration, the nation's fourth largest pension fund, is passively managed.

New York State Common Retirement Fund

About 87% of the $56.2 billion equity portfolio of New York State Common, the nation's third largest pension fund, is passively managed.

New York State Teachers' Retirement System

About 93% of the $38.2 billion equity portfolio of New York State Teachers', the nation's eighth largest pension fund, is passively managed.

Credit/Source: Pensions & Investments Research Center