IPERS Portfolio Market Value and
Investment Returns
As of March 31, 2008
As of March 31, 2008, the IPERS investment portfolio had a market value of $22.6 billion. Below are IPERS’ investment returns for various periods ending March 31, 2008, compared to the System’s official long-term performance objectives.
| |
Fiscal
Year
to
Date 1 |
One
Year |
Three
Years2 |
Five
Years |
Ten
Years |
| IPERS' Return |
-0.66% |
2.54% |
9.62% |
12.34% |
7.46% |
| Policy Benchmark3 |
-2.21% |
1.39% |
8.73% |
12.07% |
6.65% |
| CPI + 3% |
4.72% |
6.96% |
6.37% |
6.00% |
5.78% |
| Actuarial Return Assumption |
5.58% |
7.50% |
7.50% |
7.50% |
7.50% |
Median - TUCS Public
Funds > $1 Billion4 |
-3.27% |
1.39% |
8.59% |
12.01% |
6.34% |
IPERS earned the following time-weighted returns (net of fees) by asset class for the quarter ended March 31, 2008:
| Private Equity |
5.86% |
| Core Plus Fixed Income |
1.04% |
| Real Estate |
1.02% |
| Cash |
1.01% |
| High Yield Fixed Income |
-2.05% |
| International Equity |
-8.76% |
| Domestic Equity |
-11.50% |
1The Fiscal Year 2008 commenced July 1, 2007.
2Returns for periods longer than one year are annualized.
3The Policy Benchmark is a passively managed set of market indices, with appropriate weightings, that are reflective of IPERS’ target asset allocation.
4The median return of the Trust Universe Comparison Service’s universe of public funds with assets greater than $1 billion.
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