INPRS achieves target rate of return for Fiscal Year 2024, Target Date Funds outperform expectations.

INPRS exceeds the Defined Benefit (DB) target rate of return of 6.25% for FY 2024 by generating a 7.26% return (unaudited). The DB surpasses Passive Target Asset Allocation and Manager Selection by 0.26% and Tactical Asset Allocation Actual Return expectations by 0.09% for the period of Jul. 2012 to Jun. 2024. The DB cash return is the only component that has not achieved expectations during that time, performing 0.58% lower than expected.

The Defined Contribution (DC) returns on the INPRS investment lineup fall in line with expectations. All Target Date Funds (TDFs) continue to outperform their respective benchmarks over the 3-year, 5-year, and 10-year periods. The standalone investment funds have outperformed index benchmarks for 3-year and 5-year periods, with the exception of the Small/Mid Cap Equity Fund and Stable Value Fund.

To view the fund performance data of INPRS’s investment funds, please view each funds’ fact sheet at www.in.gov/inprs/publications/investment-fact-sheets/.