As of June 30, 2024, the IPERS investment portfolio had a market value of $43.61 billion. IPERS’ investment return for the quarter was 1.05% (net of fees). Below are IPERS’ investment returns for various periods ending June 30, 2024, compared to the System’s official long-term performance objectives.
| Fiscal Year to Date* | One Year | Three Years** | Five Years | Ten Years | Twenty Years | Thirty Years | |
|---|---|---|---|---|---|---|---|
| IPERS Return | 9.07% | 9.07% | 3.38% | 8.17% | 7.47% | 7.70% | 8.57% |
| Policy Benchmark*** | 8.80% | 8.80% | 3.18% | 8.09% | 7.42% | 7.78% | 8.33% |
| CPI+3% | 6.06% | 6.06% | 8.11% | 7.29% | 5.88% | 5.63% | 5.62% |
| Actuarial Assumed Return | 7.00% | 7.00% | 7.00% | 7.00% | 7.10% | 7.30% | 7.30% |
| Median-IM All Public Funds > $1 Billion**** | 9.57% | 9.57% | 3.03% | 7.16% | 6.29% | 6.70% | 7.69% |
IPERS earned the following time-weighted returns (net of fees) by asset class for the quarter ended June 30, 2024:
| Asset class | Time-weighted returns |
|---|---|
| International Equity | 1.69% |
| Domestic Equity | 3.53% |
| Public Credit | 1.08% |
| Core Fixed Income | 0.03% |
| Global Smart Beta Equity | -2.04% |
| Cash | 0.03% |
| Private Equity | 1.32% |
| Private Credit | 1.99% |
| Private Real Assets | -2.75% |
*Fiscal Year 2025 commenced July 1, 2024.
**Returns for periods longer than one year are annualized.
***The policy benchmark is a passively managed set of market indexes, with appropriate weightings, that are reflective of IPERS' target asset allocation.
****The media return of the Investment Metrics' Universe of All Public Funds with Assets Greater than $1 billion.