BLOOMBERG -- The California Public Employees’ Retirement System, the largest U.S. pension fund, reported the value of its commodity holdings climbed 1 percent in June from the previous month.

The fund held $1.207 billion in commodities as of June 30, the most-recent data available, or 0.5 percent of the total assets listed at $257.876 billion, according to a monthly report posted on the fund’s website for next week’s investment committee meeting. That’s up from $1.195 billion on May 31, or 0.5 percent of total assets of $261.643 billion, a separate report showed.

The fund’s board is meeting Aug. 19-Aug. 21, according to the Calpers website.