Quarter ending September 30, 2024

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.

IPERS investment portfolio
 Fiscal Year to Date*One YearThree Years**Five YearsTen YearsTwenty YearsThirty Years
IPERS Return4.47%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 Return1.71%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:

Time weighted returns by asset class
Asset classTime-weighted returns
International Equity7.51%
Domestic Equity6.23%
Public Credit5.67%
Core Fixed Income5.30%
Global Smart Beta Equity9.31%
Cash-1.60%
Private Equity0.53%
Private Credit1.71%
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 median return of the Investment Metrics' Universe of All Public Funds with Assets Greater than $1 billion.