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.
| Fiscal Year to Date* | One Year | Three Years** | Five Years | Ten Years | Twenty Years | Thirty 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 Return | 1.71% | 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:
| Asset class | Time-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% |
| Cash | 4.40% |
| Private Equity | -5.95% |
| Private Credit | 0.37% |
| Private Real Assets | 0.91% |
*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 media return of the Investment Metrics' Universe of All Public Funds with Assets Greater than $1 billion.