Quarter ending September 30, 2022

As of September 30, 2022, the IPERS investment portfolio had a market value of $37.90 billion. IPERS’ investment return for the quarter was -4.86% (net of fees). Below are IPERS’ investment returns for various periods ending September 30, 2022, 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 Return-4.86%-10.24%6.41%6.76%7.66%8.06%8.24%
Policy Benchmark***-4.90%-10.57%6.32%6.73%7.66%8.29%8.01%
CPI+3%0.91%11.45%8.10%6.87%5.60%5.58%5.58%
Actuarial Assumed Return1.71%7.00%7.00%7.00%7.19%7.35%7.32%
Median-IM All Public Funds > $1 Billion****-3.98%-10.34%4.57%5.17%6.80%7.19%7.44%

IPERS earned the following time-weighted returns (net of fees) by asset class for the quarter ended September 30, 2022:

Time weighted returns by asset class
Asset classTime-weighted returns
International Equity-9.49%
Domestic Equity-4.87%
Public Credit-1.73%
Core Fixed Income-4.74%
Global Smart Beta Equity-6.53%
Cash4.40%
Private Equity-5.95%
Private Credit0.37%
Private Real Assets0.91%

*Fiscal Year 2023 commenced July 1, 2022.

**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.