Iowa Public Employees' Retirement System, Des Moines, reported a 3.76% return for the three months ended Sept. 30, and 11.01% for the year. Its benchmark — a combination of index funds reflecting the fund's target allocations — returned 4.23% for the quarter and 10.4% for the year. The system had a market value of $21.03 billion as of Sept. 30.
For three-, five- and 10-year periods, the system reported annualized returns of 12.36%, 9.29% and 9.42%, respectively. The comparative benchmarks returned 12.09%, 9.7% and 8.87%, respectively.
