Quarter Ending March 31, 2024

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As of March 31, 2024, the IPERS investment portfolio had a market value of $43.42 billion. IPERS’ investment return for the quarter was 3.59% (net of fees). Below are IPERS’ investment returns for various periods ending March 31, 2024, compared to the System’s official long-term performance objectives.

 Fiscal Year to Date1One YearThree Years2Five YearsTen YearsTwenty YearsThirty Years
IPERS Return7.91%10.47%5.28%8.72%7.75%7.64%8.51%
Policy Benchmark37.79%10.35%5.09%8.65%7.73%7.72%8.28%
CPI+3%4.66%6.58%8.82%7.33%5.91%5.66%5.61%
Actuarial Assumed Return5.21%7.00%7.00%7.00%7.11%7.31%7.34%
Median-IM All Public Funds > $1 Billion48.76%11.53%4.51%7.71%6.71%6.71%7.93%
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IPERS earned the following time-weighted returns (net of fees) by asset class for the quarter ended March 31, 2024:

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International Equity4.98%
Domestic Equity10.49%
Public Credit1.72%
Core Plus Fixed Income-0.82%
Global Smart Beta Equity7.30%
Cash6.92%
Private Equity2.43%
Private Credit2.15%
Private Real Assets-0.74%

 

1Fiscal year 2024 commenced July 1, 2023.

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 Investment Metrics’ Universe of All Public Funds with Assets Greater than $1 billion.

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