Assets in CalSTRS' 403(b) plan jumped 26.7% for the year ended June 30, to $94.5 million. A Vanguard S&P 500 index fund garnered the most assets, nearly $40 million. However, 13% of assets in the Sacramento-based California State Teachers' Retirement System's Voluntary Investment Program were invested through its mutual-fund window.
The biggest percentage increases among the fund's 12 investment options were a State Street Research small-cap value stock option, up 175% to $1.7 million; a Delaware Investments midcap growth equity fund, up 163% to $574,000; and a Gartmore Morley stable value fund, up 112% to $1.4 million.
Nearly half of the 3,388 participants chose only one investment option, while 83% chose up to three funds.
