Iowa Public Employees posts 5.41% return for fiscal year

The $41.13 billion Iowa Public Employees’ Retirement System (IPERS) posted a net return of 5.41 percent for the fiscal year that ended June 30, outperforming its benchmark of 5.27 percent.

During the past three-, five- and 10-year periods, IPERS generated net annualized returns of 9.51 percent, 8.03 percent and 8.12 percent, respectively, each near their respective benchmarks of 9.27 percent, 8.06 percent and 8.05 percent.

IPERS’ private real estate investments, which make up $2.63 billion of its portfolio, had a return loss of 7.23 percent for the fiscal year, above its benchmark of -10.73 percent. During the past three-, five- and 10-year periods, IPERS’ investments in private real estate have yielded net annualized returns of 14.02 percent, 10.33 percent and 10.73 percent, respectively, each outperforming respective benchmarks of 7.04 percent, 5.56 percent and 7.77 percent.

$622 million of IPERS’s portfolio is invested in private other real assets. Th