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Investment Returns — December 31, 2017

As of December 31, 2017, the IPERS investment portfolio had a market value of $32.33 billion. IPERS’ investment return for the quarter was 3.28% (net of fees). Below are IPERS’ investment returns for various periods ending December 31, 2017, compared to the System’s official long-term performance objectives. 

Fiscal
Year to Date1
One YearThree Years2Five YearsTen YearsTwenty YearsThirty Years
IPERS' Return

6.76%

14.59%7.78%8.87%6.28%7.45%9.03%
Policy Benchmark36.63%13.91%7.62%8.79%6.64%7.30%8.59%
CPI + 3%2.13%5.11%4.64%4.43%4.62%5.14%5.56%
Actuarial Assumed Return3.44%7.00%7.25%7.35%7.43%7.46%7.24%
Median — TUCS Public
Funds > $1 Billion4

7.52%

15.92%

7.91%9.42%6.22%7.14%9.16%

IPERS earned the following time-weighted returns (net of fees) by asset class for the quarter ended December 31, 2017: 

International Equity

5.01%

Domestic Equity

6.30%

Public Credit0.55%
Core-Plus Fixed Income

0.54%

Public Real Assets

1.38%

Global Smart Beta Equity6.22%
Cash

3.30%

Private Equity3.80%
Private Credit

1.32%

Private Real Assets2.19%

1Fiscal year 2018 commenced July 1, 2017.

2Returns for periods longer than one year are annualized.

3The policy benchmark is a passively managed set of market indexes, with appropriate weightings, that are reflective of IPERS’ target asset allocation.

4The median return of Trust Universe Comparison Service’s Public Funds > $1 Billion Index.

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