The investment board of the Iowa Public Employees’ Retirement System announced at a Thursday meeting that the IPERS Trust Fund achieved a 9.87% investment return in fiscal 2025, exceeding its assumed rate of return of 7%.
Assets of the pension fund, which provides retirement benefits to more than 400,000 beneficiaries—public employees and retirees of the state of Iowa—rose $3.07 billion during the fiscal year to $46.68 billion at the end of June.
“Our FY2025 performance demonstrates the strength of our diversified strategy and disciplined execution,” IPERS CEO Greg Samorajski said in a statement. “We are especially proud that we maintain a funded ratio of 90.75% as we continue to analyze evolving our portfolio to meet the challenges of future markets while safeguarding the promised benefits for Iowa’s public employees.”
The fund allocates 25.4% of its assets to core fixed income, 21.2% to U.S. equities, 17.7% to private equity and debt, 13% to global equities, 6.9% to private real assets, 6.4% to private credit, 5.1% to global smart beta, 3.1% to public credit and 1.1% to cash, as of June 30.
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“At IPERS, we remain committed to delivering long-term value and security for our members,” Samorjaski said.
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