The $327 billion California Public Employees’ Retirement System reported a preliminary 11.2 percent net return on investments for the 12-month period ended June 30, 2017. CalPERS’ assets at the end of the fiscal year stood at more than $323 billion.

The strongest returns came from the public equity program, which generated a 19.7 percent return. Private equity’s preliminary net returns were 13.9 percent, followed by real estate, with preliminary net returns of 7.6 percent.

“Our globally diversified portfolio performed well across most asset classes, and we were able to take advantage of what the market gave us,” said Ted Eliopoulos, CalPERS’ CIO, in a statement. “We will continue to work toward reducing the cost, risk and complexity of the portfolio, while also achieving the returns necessary to pay pensions the public service workers of California have earned.”

Based on these preliminary fiscal-year returns, the funded status of the overall CalP