Quarter Ending June 30, 2023

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As of June 30, 2023, the IPERS investment portfolio had a market value of $41.13 billion. IPERS’ investment return for the quarter was 2.37% (net of fees). The tables on this page show IPERS’ investment returns for various periods ending June 30, 2023, compared to the System’s official long-term performance objectives.

 Fiscal Year to Date1One YearThree Years2Five YearsTen YearsTwenty YearsThirty Years
IPERS Return5.41%5.41%9.51%8.03%8.12%7.95%8.36%
Policy Benchmark35.27%5.27%9.27%8.06%8.05%8.06%8.08%
Actuarial Assumed Return7.00%7.00%7.00%7.00%7.15%7.33%7.33%
Median-IM All Public Funds > $1 Billion47.64%7.64%8.27%6.22%6.94%6.96%7.43%
Place Bottom Line

IPERS earned the following time-weighted returns (net of fees) by asset class for the quarter ended June 30, 2023:

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International Equity3.08%
Domestic Equity8.03%
Public Credit1.77%
Core Plus Fixed Income-0.94%
Global Smart Beta Equity3.66%
Private Equity1.60%
Private Credit1.85%
Private Real Assets-2.86%


1Fiscal year 2023 commenced July 1, 2022.

2Returns for periods longer than one year are annualized.

3The policy benchmark is a passively managed set of market indexes, with appropriate weightings, that are reflective of IPERS’ target asset allocation.

4The median return of the Trust Universe Comparison Service’s Universe of Public Funds with Assets Greater than $1 billion.