Quarter ending March 31, 2026

As of March 31, 2026, the IPERS investment portfolio had a market value of $48.87 billion. IPERS’ investment return for the quarter was -0.49% (net of fees). Below are IPERS’ investment returns for various periods ending March 31, 2026, compared to the System’s official long-term performance objectives.

IPERS investment portfolio
 Fiscal Year to Date*One YearThree Years**Five YearsTen YearsTwenty YearsThirty Years
IPERS Return6.69%12.22%9.39%6.69%8.77%7.41%8.19%
Policy Benchmark***6.44%11.84%9.19%6.52%8.68%7.59%8.03%
CPI+3%4.67%6.35%6.13%7.64%6.42%5.62%5.61%
Actuarial Assumed Return5.21%7.00%7.00%7.00%7.01%7.26%7.34%
Median-IM All Public Funds > $1 Billion****6.07%12.18%9.59%6.34%7.97%6.51%7.33%

IPERS earned the following time-weighted returns (net of fees) by asset class for the quarter ended March 31, 2026:

Time weighted returns by asset class
Asset classTime-weighted returns
International Equity-0.53%
Domestic Equity-3.86%
Public Credit-0.97%
Core Fixed Income-0.05%
Cash1.56%
Private Equity2.13%
Private Credit1.29%
Private Real Assets1.28%

*Fiscal Year 2026 commenced July 1, 2026.

**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 median return of the Investment Metrics' Universe of All Public Funds with Assets Greater than $1 billion.