The state pension fund is estimated to be valued at $274.6 billion as of the end of the second quarter of the state's fiscal year, New York state Comptroller Tom DiNapoli announced Wednesday.

The comptroller said fund investments returned an estimated 4.15% during the three-month period ending Sept. 30. At the end of the state’s fiscal year in March, the pension fund was valued at $267.7 billion.

“While investors continue to face uncertainty, steady economic growth has continued this year, bolstering markets in the second quarter,” DiNapoli said in a statement. “Our diverse portfolio is built on long-term sustainable investments that can weather the market’s ups and downs, and is one of the reasons we remain one of the nation’s strongest public pension funds.”

DiNapoli said the pension fund had 42.01% of its assets invested in publicly traded equities. The remaining assets are invested in cash, bonds, and mortgages (22.22%), private equity (14.45%), real estate and real assets (13.32%) and credit, absolute return strategies, and opportunistic alternatives (8%).