US. Indiana Public Retirement System posts net 23.1% return for fiscal year
Indiana Public Retirement System, Indianapolis, returned a preliminary net 23.1% for the fiscal year ended June 30.
The preliminary net return of the system’s $38 billion defined benefit plan was higher than its policy benchmark return of 22.4% in the year ended June 30 as well as in other reported time periods as of the same date.
For the three, five and 10 years ended June 30, the DB plan returned preliminary annualized net returns of 10.7%, 9.9% and 7%, respectively, above the respective benchmark returns of 10.2%, 9.1% and 6.8%.
INPRS’ DB plan returned a net 2.6% for the fiscal year ended June 30, 2020, below the policy benchmark return of 5.8%.
INPRS’ performance data is from an Aug. 25 report prepared for the Indiana General Assembly’s Pension Management Oversight Committee obtained by Pensions & Investments.
By asset class, INPRS’ top performer for the fiscal year ended June 30 was its commodities portfolio, which produced a net preliminary return of 55%, according to the legislative report which did not provide benchmark returns by asset class.
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