As of September 30, 2024, the IPERS investment portfolio had a market value of $45.27 billion. IPERS’ investment return for the quarter was 4.47% (net of fees). Below are IPERS’ investment returns for various periods ending September 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 | 4.47% | 15.77% | 4.25% | 8.75% | 7.99% | 7.88% | 8.62% |
| Policy Benchmark*** | 4.52% | 15.71% | 4.02% | 8.69% | 7.91% | 7.95% | 8.40% |
| CPI+3% | 1.10% | 5.51% | 7.89% | 7.32% | 5.94% | 5.64% | 5.60% |
| Actuarial Assumed Return | 1.71% | 7.00% | 7.00% | 7.00% | 7.09% | 7.30% | 7.35% |
| Median-IM All Public Funds > $1 Billion**** | 4.68% | 17.51% | 4.59% | 8.03% | 6.99% | 6.98% | 7.78% |
IPERS earned the following time-weighted returns (net of fees) by asset class for the quarter ended September 30, 2024:
| Asset class | Time-weighted returns |
|---|---|
| International Equity | 7.51% |
| Domestic Equity | 6.23% |
| Public Credit | 5.67% |
| Core Fixed Income | 5.30% |
| Global Smart Beta Equity | 9.31% |
| Cash | -1.60% |
| Private Equity | 0.53% |
| Private Credit | 1.71% |
| Private Real Assets | -0.25% |
*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.