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 Date* | One Year | Three Years** | Five Years | Ten Years | Twenty Years | Thirty Years | |
|---|---|---|---|---|---|---|---|
| IPERS Return | 7.91% | 10.47% | 5.28% | 8.72% | 7.75% | 7.64% | 8.51% |
| Policy Benchmark*** | 7.79% | 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 Return | 5.21% | 7.00% | 7.00% | 7.00% | 7.11% | 7.31% | 7.34% |
| Median-IM All Public Funds > $1 Billion**** | 8.76% | 11.53% | 4.51% | 7.71% | 6.71% | 6.71% | 7.93% |
IPERS earned the following time-weighted returns (net of fees) by asset class for the quarter ended March 31, 2024:
| Asset class | Time-weighted returns |
|---|---|
| International Equity | 4.98% |
| Domestic Equity | 10.49% |
| Public Credit | 1.72% |
| Core Fixed Income | -0.82% |
| Global Smart Beta Equity | 7.30% |
| Cash | 6.92% |
| Private Equity | 2.43% |
| Private Credit | 2.15% |
| Private Real Assets | -0.74% |
*Fiscal Year 2024 commenced July 1, 2023.
**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.