003 · Benchmarks
What they aim for.
112 plans state a target, a range or a benchmark by asset class — 748 distinct benchmarks across 9 asset classes. Figures are as the documents state them: we bucket the labels, we don't correct the arithmetic.
Public Equity
112 plans; 99 state a target; median target 46% (range 20–100%); typical allowed range 10 points wide; 12 plans left out of the statistics — the document gives sleeve weights or fractions, not percentage shares.
| Index provider | Benchmarks | Plans |
|---|---|---|
| MSCI | 83 | 99 |
| Russell | 19 | 55 |
| S&P | 14 | 19 |
| Dow JonesDJ US Total Stock Market | 1 | 5 |
| FTSE | 3 | 2 |
| HFR | 2 | 2 |
| Wilshire | 2 | 2 |
| BloombergBloomberg Global Investor Friendly Net (BGIFN) | 1 | 1 |
| BurgissCustom weighted blend of MSCI ACWI ex-China and Burgiss Private Equity – Buyout weighted by Vintage Year and legacy Private Equities (benchmarked to itself) | 1 | 1 |
| Cash rate50% S&P 500 / 50% 91 Day T-Bill | 1 | 1 |
| CboeCBOE Put-Write | 1 | 1 |
| Custom blendBlended Benchmark | 1 | 1 |
| Not stated | 7 | 8 |
136 distinct benchmarks grouped by who publishes the yardstick — which plans use each benchmark →
Fixed Income
109 plans; 97 state a target; median target 23% (range 6–60%); typical allowed range 9 points wide; 12 plans left out of the statistics — the document gives sleeve weights or fractions, not percentage shares.
| Index provider | Benchmarks | Plans |
|---|---|---|
| Bloomberg | 115 | 95 |
| JPMorgan | 16 | 16 |
| ICE BofA | 13 | 14 |
| FTSE | 5 | 7 |
| CPI / inflation-plus | 5 | 5 |
| S&P | 5 | 5 |
| Credit Suisse | 3 | 4 |
| Custom blend | 4 | 4 |
| Cash rate | 3 | 3 |
| Morningstar | 2 | 3 |
| Citi | 3 | 2 |
| Russell | 2 | 2 |
| MSCI | 2 | 1 |
| Return target10% Absolute Annual Return | 1 | 1 |
| Not stated | 6 | 7 |
| UnclassifiedICE Bank of America High Yield | 1 | 1 |
186 distinct benchmarks grouped by who publishes the yardstick — which plans use each benchmark →
Private Equity
95 plans; 81 state a target; median target 11% (range 4–33%); typical allowed range 10 points wide; 10 plans left out of the statistics — the document gives sleeve weights or fractions, not percentage shares.
| Index provider | Benchmarks | Plans |
|---|---|---|
| MSCI | 25 | 25 |
| Cambridge Associates | 16 | 19 |
| Russell | 7 | 13 |
| S&P | 7 | 7 |
| Burgiss | 5 | 5 |
| Dow Jones | 2 | 4 |
| State Street | 4 | 4 |
| Own portfolio return | 2 | 2 |
| FTSECustom FTSE All World, All Cap Equity + 1.5% | 1 | 1 |
| Return targetGlobal Equity Target , plus 250 basis points per annum | 1 | 1 |
| WilshireMedian of Wilshire Associates TUCS Total Private Equity Return of Master Trusts for Public Plans > $5 Billion | 1 | 1 |
| Not stated | 2 | 2 |
| Unclassified | 2 | 2 |
75 distinct benchmarks grouped by who publishes the yardstick — which plans use each benchmark →
Private Credit / Debt
67 plans; 60 state a target; median target 5.9% (range 2–20%); typical allowed range 7 points wide; 8 plans left out of the statistics — the document gives sleeve weights or fractions, not percentage shares.
| Index provider | Benchmarks | Plans |
|---|---|---|
| Morningstar | 13 | 14 |
| Bloomberg | 12 | 12 |
| S&P | 7 | 10 |
| Credit Suisse | 7 | 9 |
| ICE BofA | 5 | 6 |
| MSCI | 5 | 5 |
| Cambridge Associates | 4 | 4 |
| Custom blend | 2 | 2 |
| Own portfolio return | 2 | 2 |
| BurgissBurgiss Global Private Debt | 1 | 1 |
| Cash rateSecured Overnight Financing Rate (SOFR) plus 400 basis points | 1 | 1 |
| JPMorgan50% JP Morgan High Yield and 50% Morningstar LSTA Loan + 1% | 1 | 1 |
| Not statedSee Private Credit Investment Policy | 1 | 1 |
| UnclassifiedAppropriate alternative investment indices | 1 | 1 |
62 distinct benchmarks grouped by who publishes the yardstick — which plans use each benchmark →
Real Estate
93 plans; 74 state a target; median target 9.5% (range 2–17%); typical allowed range 10 points wide; 11 plans left out of the statistics — the document gives sleeve weights or fractions, not percentage shares.
| Index provider | Benchmarks | Plans |
|---|---|---|
| NCREIF | 51 | 72 |
| FTSE | 11 | 11 |
| MSCI | 4 | 4 |
| Cambridge Associates | 2 | 2 |
| BurgissTRS Real Estate (mix of NCREIF ODCE, Burgiss Value Add, and Burgiss Opportunistic indices) | 1 | 1 |
| CPI / inflation-plusCPI+3% | 1 | 1 |
| Giliberto-LevyGiliberto-Levy Custom | 1 | 1 |
| RussellRussell 3000 | 1 | 1 |
| S&P67% FTSE NAREIT All Equity REITs +33% S&P Global REIT | 1 | 1 |
| Not stated | 3 | 3 |
76 distinct benchmarks grouped by who publishes the yardstick — which plans use each benchmark →
Real Assets / Infrastructure
88 plans; 80 state a target; median target 8% (range 0–30%); typical allowed range 7 points wide; 12 plans left out of the statistics — the document gives sleeve weights or fractions, not percentage shares.
| Index provider | Benchmarks | Plans |
|---|---|---|
| CPI / inflation-plus | 23 | 30 |
| Bloomberg | 11 | 18 |
| NCREIF | 10 | 13 |
| S&P | 9 | 10 |
| Cambridge Associates | 6 | 6 |
| FTSE | 5 | 6 |
| MSCI | 6 | 6 |
| Cash rate | 4 | 4 |
| Custom blend | 4 | 4 |
| Own portfolio return | 4 | 4 |
| Burgiss | 3 | 3 |
| Dow Jones | 2 | 2 |
| Gold price | 2 | 2 |
| AlerianAlerian Midstream Energy | 1 | 1 |
| WilshireFT Wilshire Private Infrastructure plus 50 basis points | 1 | 1 |
| Not stated | 4 | 4 |
95 distinct benchmarks grouped by who publishes the yardstick — which plans use each benchmark →
Hedge Funds / Absolute Return
47 plans; 40 state a target; median target 6% (range 0–31%); typical allowed range 8 points wide; 4 plans left out of the statistics — the document gives sleeve weights or fractions, not percentage shares.
| Index provider | Benchmarks | Plans |
|---|---|---|
| HFR | 17 | 24 |
| Cash rate | 14 | 13 |
| S&P | 3 | 3 |
| Bloomberg | 2 | 2 |
| Credit Suisse | 2 | 2 |
| Custom blend | 2 | 2 |
| Swiss Re100% Swiss Re Global Cat Bonds (hedged) | 1 | 1 |
| Not statedNot specified in guidelines | 1 | 1 |
42 distinct benchmarks grouped by who publishes the yardstick — which plans use each benchmark →
Cash
82 plans; 67 state a target; median target 1% (range 0–16%); typical allowed range 5 points wide; 8 plans left out of the statistics — the document gives sleeve weights or fractions, not percentage shares.
| Index provider | Benchmarks | Plans |
|---|---|---|
| Cash rate | 34 | 52 |
| Bloomberg | 3 | 3 |
| ICE BofAICE BofA 0-1 Year US Treasury | 1 | 1 |
| Return target0% | 1 | 1 |
| Unclassified | 2 | 2 |
| Not statedNot explicitly named in IPS | 1 | 1 |
42 distinct benchmarks grouped by who publishes the yardstick — which plans use each benchmark →
Multi-Asset / Other
69 plans; 58 state a target; median target 14.2% (range 0–100%); typical allowed range 10 points wide; 9 plans left out of the statistics — the document gives sleeve weights or fractions, not percentage shares.
| Index provider | Benchmarks | Plans |
|---|---|---|
| Bloomberg | 12 | 12 |
| MSCI | 12 | 10 |
| Cash rate | 9 | 9 |
| Custom blend | 11 | 8 |
| HFR | 4 | 4 |
| CPI / inflation-plus | 3 | 3 |
| Actuarial / assumed return | 2 | 2 |
| Cboe | 2 | 2 |
| AlerianAlerian MLP | 1 | 1 |
| ICE BofAICE BofA US High Yield + 2% | 1 | 1 |
| NCREIFWeighted average of Private Equity Custom Benchmark (33%), NCREIF Private Real Estate Benchmark (25%), Other Real Assets Custom Benchmark (8%), and Credit Strategies Custom Benchmark (34%) | 1 | 1 |
| Own portfolio returnOPERF Total Portfolio | 1 | 1 |
| Return target300bps | 1 | 1 |
| S&P60% S&P UBS Leveraged Loan / 40% S&P UBS Western European Leveraged Loan | 1 | 1 |
| Société GénéraleSoc Gen Trend | 1 | 1 |
| Not stated | 9 | 8 |
| UnclassifiedSG Multi Alternative Risk Premia | 1 | 1 |
72 distinct benchmarks grouped by who publishes the yardstick — which plans use each benchmark →
Each plan's stated targets, ranges and benchmarks, on its own page.
| Plan | Asset class | Bucket | Target | Range | Benchmark | IPS |
|---|---|---|---|---|---|---|
| Alabama ERSERS · one of 2 portfolios in the document | Domestic Equity | Public Equity | 45% | 30–60% | Custom Benchmark | Our copy |
| Alabama ERSERS · one of 2 portfolios in the document | International Equity | Public Equity | 15% | 10–25% | MSCI EAFE Net & Emerging Markets Net | Our copy |
| Alabama ERSERS · one of 2 portfolios in the document | Fixed Income | Fixed Income | 15% | 10–40% | — | Our copy |
| Alabama ERSERS · one of 2 portfolios in the document | Alternative Investments | Multi-Asset / Other | 10% | 0–15% | — | Our copy |
| Alabama ERSERS · one of 2 portfolios in the document | Real Estate | Real Estate | 10% | 0–15% | NCREIF NPI | Our copy |
| Alabama ERSERS · one of 2 portfolios in the document | Short-term investments | Cash | 5% | 1–10% | — | Our copy |
| Alabama ERSERS · one of 2 portfolios in the document | Domestic Fixed Income | Fixed Income | — | — | Custom Benchmark | Our copy |
| Alabama ERSERS · one of 2 portfolios in the document | International Fixed Income | Fixed Income | — | — | WGBI Non-US | Our copy |
| Alabama ERSERS · one of 2 portfolios in the document | Cash | Cash | — | — | 3-Month T-BillML 90-Day T-Bill | Our copy |
| Alabama ERSERS · one of 2 portfolios in the document | Alternative Investments (equity) | Public Equity | — | — | Russell 2000 +3% | Our copy |
| Alabama ERSERS · one of 2 portfolios in the document | Alternative Investments (debt) | Fixed Income | — | — | Bloomberg Capital Agency plus 3% | Our copy |
| Alabama ERSERS · one of 2 portfolios in the document | Core Fund | Public Equity | — | — | S&P 500 | Our copy |
| Alabama ERSERS · one of 2 portfolios in the document | S&P 500 Fund | Public Equity | — | — | S&P 500 | Our copy |
| Alabama ERSERS · one of 2 portfolios in the document | Mid Cap Active Fund (SSF) | Public Equity | — | — | S&P 400 MidCap | Our copy |
| Alabama ERSERS · one of 2 portfolios in the document | S&P Mid Cap Index | Public Equity | — | — | S&P 400 MidCap | Our copy |
| Alabama ERSERS · one of 2 portfolios in the document | S&P Small Cap Index | Public Equity | — | — | S&P 600 SmallCap | Our copy |
| Alabama ERSERS · one of 2 portfolios in the document | Small Cap Active Fund | Public Equity | — | — | S&P 600 SmallCap | Our copy |
| Alabama ERSERS · one of 2 portfolios in the document | Large Cap Policy Fund | Public Equity | — | — | S&P 500 | Our copy |
| Alabama ERSERS · one of 2 portfolios in the document | Large Cap Value Fund | Public Equity | — | — | S&P 500 | Our copy |
| Alabama ERSERS · one of 2 portfolios in the document | Agency | Fixed Income | — | — | Bloomberg Capital Agency | Our copy |
| Alabama ERSERS · one of 2 portfolios in the document | Asset Backed | Fixed Income | — | — | Bloomberg Capital ABSBloomberg Capital ABS Index | Our copy |
| Alabama ERSERS · one of 2 portfolios in the document | CMO | Fixed Income | — | — | Bloomberg Capital MTGE | Our copy |
| Alabama ERSERS · one of 2 portfolios in the document | Corporate | Fixed Income | — | — | Bloomberg Capital Corp | Our copy |
| Alabama ERSERS · one of 2 portfolios in the document | Mortgage Pass-Through | Fixed Income | — | — | Bloomberg Capital MTGE | Our copy |
| Alabama ERSERS · one of 2 portfolios in the document | US Treasury | Fixed Income | — | — | Bloomberg Capital Treasury | Our copy |
| Alabama ERSERS · one of 2 portfolios in the document | Yankee - Agency | Fixed Income | — | — | Bloomberg Capital Agency | Our copy |
| Alabama ERSERS · one of 2 portfolios in the document | Yankee – Other | Fixed Income | — | — | Bloomberg Capital Corp | Our copy |
| Alabama Teachers | Domestic Equity | Public Equity | 45% | 30–60% | Custom Benchmark | Our copy |
| Alabama Teachers | International Equity | Public Equity | 15% | 10–25% | MSCI EAFE Net & Emerging Markets Net | Our copy |
| Alabama Teachers | Fixed Income | Fixed Income | 15% | 10–50% | — | Our copy |
| Alabama Teachers | Alternative Investments | Multi-Asset / Other | 10% | 0–20% | — | Our copy |
| Alabama Teachers | Real Estate | Real Estate | 10% | 0–15% | CPI+3% | Our copy |
| Alabama Teachers | Short-term investments | Cash | 5% | 1–10% | — | Our copy |
| Alabama Teachers | Domestic Fixed Income | Fixed Income | — | — | Custom Benchmark | Our copy |
| Alabama Teachers | International Fixed Income | Fixed Income | — | — | WGBI Non-US | Our copy |
| Alabama Teachers | Cash | Cash | — | — | 3-Month T-BillML 90-Day T-Bill | Our copy |
| Alabama Teachers | Alternative Investments (equity) | Public Equity | — | — | Russell 2000 plus 3% | Our copy |
| Alabama Teachers | Alternative Investments (debt) | Fixed Income | — | — | Bloomberg Capital Agency plus 3% | Our copy |
| Alabama Teachers | Core Fund | Public Equity | — | — | S&P 500 | Our copy |
| Alabama Teachers | S&P 500 Fund | Public Equity | — | — | S&P 500 | Our copy |
| Alabama Teachers | Mid Cap Active Fund (SSF) | Public Equity | — | — | S&P 400 MidCap | Our copy |
| Alabama Teachers | S&P Mid Cap Index | Public Equity | — | — | S&P 400 MidCap | Our copy |
| Alabama Teachers | S&P Small Cap Index | Public Equity | — | — | S&P 600 SmallCap | Our copy |
| Alabama Teachers | Policy Fund | Public Equity | — | — | S&P 500 | Our copy |
| Alabama Teachers | Value Fund | Public Equity | — | — | S&P 500 | Our copy |
| Alabama Teachers | Agency | Fixed Income | — | — | Bloomberg Capital Agency | Our copy |
| Alabama Teachers | Asset Backed | Fixed Income | — | — | Bloomberg Capital ABSBloomberg Capital ABS Index | Our copy |
| Alabama Teachers | CMO | Fixed Income | — | — | Bloomberg Capital MTGE | Our copy |
| Alabama Teachers | Corporate | Fixed Income | — | — | Bloomberg Capital Corp | Our copy |
| Alabama Teachers | Mortgage Pass-Through | Fixed Income | — | — | Bloomberg Capital MTGE | Our copy |
| Alabama Teachers | US Treasury | Fixed Income | — | — | Bloomberg Capital Treasury | Our copy |
| Alabama Teachers | Yankee - Agency | Fixed Income | — | — | Bloomberg Capital Agency | Our copy |
| Alabama Teachers | Yankee – Other | Fixed Income | — | — | Bloomberg Capital Corp | Our copy |
| Alameda County ERS | U.S. Equity | Public Equity | 24% | — | Russell 3000 | Our copy |
| Alameda County ERS | International Equity | Public Equity | 24% | — | MSCI ACWI ex US IMIMSCI ACWI Ex U.S. IMI | Our copy |
| Alameda County ERS | Fixed Income | Fixed Income | 14% | — | Bloomberg US Aggregate / FTSE World Government Bond Ex US / Bloomberg US High YieldBloomberg U.S. Aggregate / FTSE World Government Bond Ex U.S. / Bloomberg U.S. High Yield | Our copy |
| Alameda County ERS | Real Estate | Real Estate | 9% | — | NCREIF ODCE | Our copy |
| Alameda County ERS | Private Equity | Private Equity | 11% | — | Cambridge Global All Private Equity Benchmark | Our copy |
| Alameda County ERS | Absolute Return | Hedge Funds / Absolute Return | 8% | — | HFRI Fund of FundsHFRI Fund of Funds Composite Index | Our copy |
| Alameda County ERS | Real Assets | Real Assets / Infrastructure | 6% | — | S&P Global Infrastructure / S&P Global LargeMidCap Commodity and Resources / Bloomberg CommodityS&P Global Infrastructure Index / S&P Global LargeMidCap Commodity and Resources Index / Bloomberg Commodity Index | Our copy |
| Alameda County ERS | Private Credit | Private Credit / Debt | 4% | — | S&P/Long Syndications and Trading Association US Leveraged Loan 100S&P/Long Syndications and Trading Association U.S. Leveraged Loan 100 Index | Our copy |
| Alameda County ERS | Cash | Cash | 0% | — | — | Our copy |
| Alameda County ERS | Cash and Cash Equivalent | Cash | — | — | 3-Month T-Bill90-Day U.S. Treasury Bills | Our copy |
| Alaska Retirement Management Board | Domestic Fixed Income - Core | Fixed Income | — | — | Bloomberg US AggregateBloomberg U.S. Aggregate Index | Our copy |
| Alaska Retirement Management Board | Domestic Fixed Income - High Yield | Fixed Income | — | — | High yield corporate debt benchmarks | Our copy |
| Alaska Retirement Management Board | Domestic Equity - Large Capitalization | Public Equity | — | — | Russell 1000 or S&P 500Russell 1000 Index or S&P 500 Index | Our copy |
| Alaska Retirement Management Board | Domestic Equity - Small Capitalization | Public Equity | — | — | Small cap benchmarks | Our copy |
| Alaska Retirement Management Board | Non-US Equity - All Country Core | Public Equity | — | — | MSCI ACWI ex-USMSCI ACWI ex-US Index | Our copy |
| Alaska Retirement Management Board | Non-US Equity - All Country Value | Public Equity | — | — | MSCI ACWI ex-US ValueMSCI ACWI ex-US Value Index | Our copy |
| Alaska Retirement Management Board | Non-US Equity - Developed Core | Public Equity | — | — | MSCI EAFE or World ex-US indices | Our copy |
| Alaska Retirement Management Board | Real Estate - REIT | Real Estate | — | — | Real estate investment trust benchmarks | Our copy |
| Arkansas PERS | Domestic Equity + Convertible Securities | Public Equity | — | — | Russell 3000Russell 3000 Index | Our copy |
| Arkansas PERS | International Equity | Public Equity | — | — | ACWI ex USMSCI ACWI ex US | Our copy |
| Arkansas PERS | Real Assets | Real Assets / Infrastructure | — | — | CPI-U + 4% | Our copy |
| Arkansas PERS | Cash + Fixed Income | Cash | — | — | Bloomberg Aggregate | Our copy |
| Arkansas PERS | Private Equity + Diversified Strategy | Private Equity | — | — | each investment will have its own benchmark | Our copy |
| Arkansas Teachers | Total Equity | Public Equity | 46% | 41–51% | DJ US Total Stock Market and MSCI ACWI IMI ex China ex Hong Kong (weighted blend)Dow Jones U.S. Total Stock Market Index and MSCI ACWI IMI ex China ex Hong Kong Index (weighted blend) | Our copy |
| Arkansas Teachers | Fixed Income | Fixed Income | 18% | 15–21% | Bloomberg US Universal BondBarclays U.S. Universal Bond Index | Our copy |
| Arkansas Teachers | Opportunistic/Alternatives | Multi-Asset / Other | 5% | N/A | Weighted average of benchmarks of underlying strategies | Our copy |
| Arkansas Teachers | Real Assets | Real Assets / Infrastructure | 14% | N/A | — | Our copy |
| Arkansas Teachers | Private Credit | Private Credit / Debt | 5% | N/A | Morningstar LSTA Leveraged Loan plus 2 percentage points liquidity premiumMorningstar LSTA Leveraged Loan Index plus 2 percentage points liquidity premium | Our copy |
| Arkansas Teachers | Private Equity | Private Equity | 12% | N/A | DJ US Total Stock Market plus 2 percentage points liquidity premiumDow Jones U.S. Total Stock Market Index plus 2 percentage points liquidity premium | Our copy |
| Arkansas Teachers | Cash Equivalents | Cash | 0% | 0–5% | Capital preservation and liquidity maintenance | Our copy |
| Arkansas Teachers | Real Estate | Real Estate | — | — | NCREIF Fund Open-end Diversified Core Equity (NFIODCE)NCREIF Fund Index Open-end Diversified Core Equity Index (NFIODCE) | Our copy |
| Arkansas Teachers | Timberland | Real Assets / Infrastructure | — | — | NCREIF Timberland Property (NTPI) and CPI plus 300 basis pointsNCREIF Timberland Property Index (NTPI) and CPI plus 300 basis points | Our copy |
| Arkansas Teachers | Agriculture | Real Assets / Infrastructure | — | — | NCREIF Farmland (NFI) and CPI plus 300 basis pointsNCREIF Farmland Index (NFI) and CPI plus 300 basis points | Our copy |
| Arkansas Teachers | Infrastructure | Real Assets / Infrastructure | — | — | Consumer Price (CPI) plus 5 percentage pointsConsumer Price Index (CPI) plus 5 percentage points | Our copy |
| Austin ERS | Global Equities | Public Equity | 45% | 38–52% | MSCI ACWI IMI with USA GrossMSCI ACWI IMI with USA Gross (Net) Index | Our copy |
| Austin ERS | Private Equity | Private Equity | 8% | 5–10% | Burgiss Global PE FundsBurgiss Global PE Funds Index | Our copy |
| Austin ERS | Real Assets | Real Assets / Infrastructure | 15% | 12–19% | Blended weighted average of primary composite benchmarks (Real Estate: NCREIF ODCE Net EWA, Infrastructure: Burgiss Global Infrastructure Funds , Gold: Bloomberg Gold Subindex )Blended weighted average of primary composite benchmarks (Real Estate: NCREIF ODCE Net EWA, Infrastructure: Burgiss Global Infrastructure Funds Index, Gold: Bloomberg Gold Subindex Total Return) | Our copy |
| Austin ERS | Private Credit | Private Credit / Debt | 10% | 7–13% | LSTA Leveraged Loans + 2%LSTA Leveraged Loans Index +200 bps | Our copy |
| Austin ERS | Fixed Income | Fixed Income | 21% | 18–28% | Bloomberg US Aggregate BondBloomberg US Aggregate Bond Index | Our copy |
| Austin ERS | Cash & Equivalents | Cash | 1% | 0–10% | Bloomberg US Treasury Bills 1-3-MonthBloomberg US Treasury Bills 1-3 Month Index | Our copy |
| Austin Fire | Public Domestic Equity | Public Equity | 23% | 16–30% | Russell 3000 | Our copy |
| Austin Fire | Public Foreign Equity | Public Equity | 22% | 15–29% | ACWI ex USMSCI ACWI (ex. U.S.) | Our copy |
| Austin Fire | Private Equity | Private Equity | 12% | 7–17% | MSCI ACWI + 2% (3-month lag)MSCI ACWI +2% on a 3 Month Lag | Our copy |
| Austin Fire | Investment Grade Bonds | Fixed Income | 15% | 10–20% | Bloomberg US AggregateBloomberg Barclays Aggregate | Our copy |
| Austin Fire | TIPS | Fixed Income | 5% | 0–10% | Bloomberg US TIPSBloomberg Barclays U.S. TIPS | Our copy |
| Austin Fire | High Yield/Bank Loans | Fixed Income | 5% | 0–10% | 50% ICE BofA High Yield, 50% Credit Suisse Leverage Loan50% Merrill Lynch High Yield, 50% Credit Suisse Leverage Loan Index | Our copy |
| Austin Fire | Emerging Market Debt | Fixed Income | 5% | 0–10% | Custom EMD Benchmark (50% JPMorgan EMBI Global Diversified, 25% JPMorgan GBI-EM Global Diversified, 25% JPMorgan CEMBI Broad) | Our copy |
| Austin Fire | Core Real Estate | Real Estate | 5% | 0–10% | NCREIF ODCE Equal WeightedNCREIF ODCE Equal Weighted (net) | Our copy |
| Austin Fire | Value Add Real Estate | Real Estate | 5% | 0–10% | NCREIF NPINCREIF Property NPI | Our copy |
| Austin Fire | Core Infrastructure | Real Assets / Infrastructure | 3% | 0–5% | CPI + 2%CPI +2% | Our copy |
| Austin Fire | Cash | Cash | 0% | 0–5% | — | Our copy |
| Baltimore City Employees | Alternative Investments | Multi-Asset / Other | 19% | — | — | Our copy |
| Baltimore City Employees | Cash Equivalents | Cash | 0% | — | — | Our copy |
| Baltimore City Employees | Domestic Equities | Public Equity | 26% | 23–29%+/-3% | Russell 3000Russell 3000 Index | Our copy |
| Baltimore City Employees | Defensive Equities | Public Equity | 7% | — | 50% S&P 500 / 50% 91 Day T-Bill50% S&P 500 Index / 50% 91 Day T-Bill Index | Our copy |
| Baltimore City Employees | Fixed Income | Fixed Income | 18% | 15–21%+/-3% | Bloomberg Capital AggregateBloomberg Capital Aggregate Index | Our copy |
| Baltimore City Employees | International Equities | Public Equity | 15% | 12–18%+/-3% | MSCI ACWI ex USMSCI All Country World Ex U.S. Index | Our copy |
| Baltimore City Employees | Real Estate | Real Estate | 15% | — | NPINPI Index | Our copy |
| Baltimore City Employees | Alternative Investments (Private Equity) | Private Equity | — | — | Prequin Private Equity | Our copy |
| Baltimore City Employees | Alternative Investments (Leveraged Loans) | Fixed Income | — | — | CS Leveraged LoanCredit Suisse Leveraged Loan Index | Our copy |
| Boston RS | Total Equity | Public Equity | 52% | — | — | Our copy |
| Boston RS | Domestic Large Cap Equity | Public Equity | 19% | — | Russell 1000Russell 1000 Index | Our copy |
| Boston RS | Domestic Small Cap Equity | Public Equity | 6% | — | Russell 2000Russell 2000 Index | Our copy |
| Boston RS | Developed International Equity | Public Equity | 19% | — | MSCI EAFEMSCI EAFE (net) | Our copy |
| Boston RS | Emerging International Equity | Public Equity | 8% | — | MSCI EMMSCI EM (net) | Our copy |
| Boston RS | Total Fixed Income | Fixed Income | 24% | — | — | Our copy |
| Boston RS | Core Bonds/TIPS | Fixed Income | 11% | — | 60% BC Aggregate + 40% BC TIPS60% BC Aggregate & 40% BC TIPS | Our copy |
| Boston RS | High Yield/Credit Strategies | Fixed Income | 9% | — | Bloomberg US High YieldBarclay's Capital High Yield | Our copy |
| Boston RS | Global Bonds | Fixed Income | 0% | — | Citi WGBI | Our copy |
| Boston RS | Emerging Market Debt | Fixed Income | 4% | — | 50% JPM GBI-EM + 50% JPM EMBI50% JPM GBI-EM I 50% JPM EMBI | Our copy |
| Boston RS | Alternative Assets | Multi-Asset / Other | 24% | — | — | Our copy |
| Boston RS | Real Estate | Real Estate | 10% | — | NCREIF NPINCREIF Property Index (1 Qtr Lag) | Our copy |
| Boston RS | Private Equity | Private Equity | 7% | — | Cambridge US All PECambridge Associates US All PE (1 Qtr Lag) | Our copy |
| Boston RS | Private Debt | Private Credit / Debt | 2% | — | CS Leveraged LoanCredit Suisse Leveraged Loan Index | Our copy |
| Boston RS | Hedge Funds | Hedge Funds / Absolute Return | 5% | — | HFRI Fund of FundsHFRI Fund of Funds Index | Our copy |
| Boston RS | Cash/Other | Cash | 10% | — | — | Our copy |
| California PERF | Public Equity | Public Equity | 37% | 30–44%+/-7% | — | Our copy |
| California PERF | Private Equity | Private Equity | 17% | 12–22%+/-5% | Custom FTSE All World, All Cap Equity + 1.5%Custom FTSE All World, All Cap Equity + 150bps, Quarter Lag | Our copy |
| California PERF | Income | Multi-Asset / Other | 28% | 22–34%+/-6% | — | Our copy |
| California PERF | Real Assets | Real Assets / Infrastructure | 15% | 10–20%+/-5% | MSCI/PREA US ACOE Quarterly Property Fund (Unfrozen)MSCI/PREA U.S. ACOE Quarterly Property Fund Index (Unfrozen) | Our copy |
| California PERF | Private Debt | Private Credit / Debt | 8% | 3–13%+/-5% | Morningstar LSTA US Leveraged Loan 100 + 1.25%Morningstar LSTA U.S. Leveraged Loan 100 Index + 125 bps, Quarter Lag | Our copy |
| California PERF | Strategic Leverage | Multi-Asset / Other | — | — | ICE BofA US 3-Month T-Bill + 0.5%ICE BofA US 3-Month Treasury Bill Index + 50 bps | Our copy |
| California PERF | Public Equity - Cap Weighted | Public Equity | — | — | Custom FTSE All World, All Cap Equity | Our copy |
| California PERF | Public Equity - Factor Weighted | Public Equity | — | — | Custom FTSE Factor WeightedCustom FTSE Factor Weighted Index | Our copy |
| California PERF | Income - Treasury | Fixed Income | — | — | Custom Bloomberg Government | Our copy |
| California PERF | Income - Mortgage-Backed Securities | Fixed Income | — | — | Custom Bloomberg Mortgage | Our copy |
| California PERF | Income - Investment Grade Corporates | Fixed Income | — | — | Custom Bloomberg Corporate ex Sov | Our copy |
| California PERF | Income - High Yield | Fixed Income | — | — | Custom Bloomberg High Yield | Our copy |
| California PERF | Income - Emerging Market Sovereign Bonds | Fixed Income | — | — | Custom JP Morgan EMBIG Diversified | Our copy |
| California PERF | CERBT - Global Equity | Public Equity | — | — | MSCI ACWI IMIMSCI ACWI IMI (Net) | Our copy |
| California PERF | CERBT - U.S. Fixed Income | Fixed Income | — | — | Bloomberg Long LiabilityBloomberg Long Liability Index | Our copy |
| California PERF | CERBT - TIPS | Fixed Income | — | — | Bloomberg US TIPs , Series LBloomberg U.S. TIPs Index, Series L | Our copy |
| California PERF | CERBT - Commodities | Real Assets / Infrastructure | — | — | S&P GSCI DailyS&P GSCI Total Return Daily | Our copy |
| California PERF | CERBT - REITs | Real Estate | — | — | FTSE EPRA/NAREIT DevelopedFTSE EPRA/NAREIT Developed (Net) | Our copy |
| California PERF | CERBT - Liquidity | Cash | — | — | ICE BofA US 3-Month T-BillICE BofA US 3-Month Treasury Bill Index | Our copy |
| California PERF | JRS - Cash Equivalents | Cash | — | — | ICE BofA US 3-Month T-BillICE BofA US 3-Month Treasury Bill Index | Our copy |
| California PERF | JRSII - Global Equity | Public Equity | — | — | MSCI ACWI IMIMSCI ACWI IMI (Net) | Our copy |
| California PERF | JRSII - U.S. Fixed Income | Fixed Income | — | — | Bloomberg Long LiabilityBloomberg Long Liability Index | Our copy |
| California PERF | JRSII - TIPS | Fixed Income | — | — | Bloomberg US TIPs , Series LBloomberg U.S. TIPs Index, Series L | Our copy |
| California PERF | JRSII - Commodities | Real Assets / Infrastructure | — | — | S&P GSCI DailyS&P GSCI Total Return Daily | Our copy |
| California PERF | JRSII - REITs | Real Estate | — | — | FTSE EPRA/NAREIT DevelopedFTSE EPRA/NAREIT Developed Index | Our copy |
| California PERF | JRSII - Liquidity | Cash | — | — | ICE BofA US 3-Month T-BillICE BofA US 3-Month Treasury Bill Index | Our copy |
| California PERF | LRS - Global Equity | Public Equity | — | — | MSCI ACWI IMIMSCI ACWI IMI (Net) | Our copy |
| California PERF | LRS - U.S. Fixed Income | Fixed Income | — | — | Bloomberg Long LiabilityBloomberg Long Liability Index | Our copy |
| California PERF | LRS - TIPS | Fixed Income | — | — | Bloomberg US TIPs , Series LBloomberg U.S. TIPs Index, Series L | Our copy |
| California PERF | LRS - Commodities | Real Assets / Infrastructure | — | — | S&P GSCI DailyS&P GSCI Total Return Daily | Our copy |
| California PERF | LRS - REITs | Real Estate | — | — | FTSE EPRA/NAREIT DevelopedFTSE EPRA/NAREIT Developed Index | Our copy |
| California PERF | LRS - Liquidity | Cash | — | — | ICE BofA US 3-Month T-BillICE BofA US 3-Month Treasury Bill Index | Our copy |
| California PERF | LTC - Global Equity | Public Equity | — | — | Custom MSCI Equity Blend | Our copy |
| California PERF | LTC - Global Fixed Income | Fixed Income | — | — | Custom Fixed Income Blend | Our copy |
| California PERF | LTC - Commodities | Real Assets / Infrastructure | — | — | Bloomberg CommodityBloomberg Commodity Index Total Return | Our copy |
| California PERF | LTC - REITs | Real Estate | — | — | FTSE EPRA Nareit Developed 100% Hedged to USD Net TaxFTSE EPRA Nareit Developed 100% Hedged to USD Net Tax Index | Our copy |
| California PERF | LTC - Liquidity | Cash | — | — | ICE BofA US 3-Month T-BillICE BofA US 3-Month Treasury Bill Index | Our copy |
| California PERF | PEHCF - Liquidity | Cash | — | — | ICE BofA US 3-Month T-BillICE BofA US 3-Month Treasury Bill Index | Our copy |
| California PERF | SIP TRD - U.S. Equity | Public Equity | — | — | Russell 3000Russell 3000 Index | Our copy |
| California PERF | SIP TRD - International Equity | Public Equity | — | — | MSCI ACWI ex-USA IMIMSCI ACWI ex-USA IMI Index (Net) | Our copy |
| California PERF | SIP TRD - U.S. Fixed Income | Fixed Income | — | — | Bloomberg US AggregateBloomberg U.S. Aggregate Bond Index | Our copy |
| California PERF | SIP TRD - U.S. Fixed Income (1-3Y) | Fixed Income | — | — | Bloomberg US 1-3 Year Government/Credit BondBloomberg U.S. 1-3 Year Government/Credit Bond Index | Our copy |
| California PERF | SIP TRD - Real Assets | Real Assets / Infrastructure | — | — | Weighted benchmark (REIT, Commodity, Infrastructure, TIPS) | Our copy |
| California PERF | SIP TRD - Cash Equivalents | Cash | — | — | ICE BofA US 3-Month T-BillICE BofA US 3-Month Treasury Bill Index | Our copy |
| California PERF | CEPPT - Global Equity | Public Equity | — | — | MSCI ACWI IMIMSCI ACWI IMI (Net) | Our copy |
| California PERF | CEPPT - U.S. Fixed Income | Fixed Income | — | — | Bloomberg US AggregateBloomberg U.S. Aggregate Bond Index | Our copy |
| California PERF | CEPPT - TIPS | Fixed Income | — | — | Bloomberg US TIPs , Series LBloomberg U.S. TIPs Index, Series L | Our copy |
| California PERF | CEPPT - REITs | Real Estate | — | — | FTSE EPRA/NAREIT DevelopedFTSE EPRA/NAREIT Developed (Net) | Our copy |
| California PERF | CEPPT - Liquidity | Cash | — | — | ICE BofA US 3-Month T-BillICE BofA US 3-Month Treasury Bill Index | Our copy |
| California Teachers | Public Equity | Public Equity | 38% | 30–46%+/- 8% | — | Our copy |
| California Teachers | Private Equity | Private Equity | 14% | 9–19%+/- 5% | — | Our copy |
| California Teachers | Real Estate | Real Estate | 15% | 10–20%+/- 5% | — | Our copy |
| California Teachers | Inflation Sensitive | Real Assets / Infrastructure | 7% | 2–12%+/- 5% | — | Our copy |
| California Teachers | Collaborative Strategies | Multi-Asset / Other | 0% | 0–5% | — | Our copy |
| California Teachers | Risk Mitigating Strategies | Multi-Asset / Other | 10% | 5–15%+/- 5% | — | Our copy |
| California Teachers | Fixed Income | Fixed Income | 14% | 9–19%+/- 5% | — | Our copy |
| California Teachers | Cash/Liquidity | Cash | 2% | 0–5% | — | Our copy |
| California Teachers | Cash and Liquidity | Cash | — | — | 3-Month T-Bill90-day Treasury Bill Index | Our copy |
| California Teachers | Total Public Equity | Public Equity | — | — | Global Equity benchmark (reflected within Global Equity policy) | Our copy |
| California Teachers | Other asset classes | Multi-Asset / Other | — | — | See asset class policies | Our copy |
| Chicago Fire | Broad US Equity | Public Equity | 33% | 29–37% | Russell 3000Russell 3000 Index | Our copy |
| Chicago Fire | Large Cap US Equity | Public Equity | 23% | 19–27% | Russell 1000Russell 1000 Index | Our copy |
| Chicago Fire | Small/Mid Cap US Equity | Public Equity | 10% | 6–14% | Russell 2500Russell 2500 Index | Our copy |
| Chicago Fire | Global Ex-US Equity | Public Equity | 24% | 20–28% | MSCI ACWI ex-US IMIMSCI All Country World Ex-US Index IMI (net) | Our copy |
| Chicago Fire | Private Equity | Private Equity | 4% | 0–8% | Cambridge US Private Equity (legacy)Cambridge US Private Equity Index (legacy) | Our copy |
| Chicago Fire | Total Equities | Public Equity | 61% | 57–65% | — | Our copy |
| Chicago Fire | Core Real Estate | Real Estate | 3% | 0–6% | NCREIF ODCENCREIF ODCE Index (Gross) | Our copy |
| Chicago Fire | Non-Core Real Estate | Real Estate | 2.5% | 0–6% | — | Our copy |
| Chicago Fire | Global REITs | Real Estate | 2.5% | 0–6% | FTSE EPRA NAREIT Developed Real Estate (Net Div)FTSE EPRA NAREIT Developed Real Estate Index (Net Div) | Our copy |
| Chicago Fire | Infrastructure | Real Assets / Infrastructure | 3% | 0–6% | FTSE Developed Core Infrastructure 50/50FTSE Developed Core Infrastructure 50/50 Index (Net) | Our copy |
| Chicago Fire | Total Real Assets | Real Assets / Infrastructure | 11% | 7–15% | — | Our copy |
| Chicago Fire | Core Fixed Income | Fixed Income | 22% | 18–26% | Bloomberg US Aggregate BondBloomberg US Aggregate Bond Index | Our copy |
| Chicago Fire | Private Credit | Private Credit / Debt | 3% | 0–6% | [50% Morningstar LSTA 100/50% Bloomberg High Yield] +1% | Our copy |
| Chicago Fire | Total Fixed Income | Fixed Income | 25% | 21–29% | — | Our copy |
| Chicago Fire | Liquid Diversifying Assets | Hedge Funds / Absolute Return | 3% | 0–6% | 90-Day T-Bill + 4%90 Day T-Bills + 4% | Our copy |
| Chicago Fire | Cash | Cash | 0% | 0–5% | 90-Day T-Bill90 Day T-Bills | Our copy |
| Chicago Fire | International Equity | Public Equity | — | — | MSCI EAFEMSCI EAFE Index (net) | Our copy |
| Chicago Fire | Emerging Markets Equity | Public Equity | — | — | MSCI Emerging MarketsMSCI Emerging Markets Index (net) | Our copy |
| Chicago Laborers | Cash | Cash | 2% | 0–4% | — | Our copy |
| Chicago Laborers | Core U.S. Fixed Income | Fixed Income | 12% | — | Bloomberg US AggregateBarclays Capital U.S. Aggregate Index | Our copy |
| Chicago Laborers | Core Plus Fixed Income | Fixed Income | 7% | — | — | Our copy |
| Chicago Laborers | Liquid Opportunistic Credit | Fixed Income | 5% | — | 50% Barclays High Yield / 50% CSFB Leveraged Loan50% Barclays High Yield / 50% CSFB Leveraged Loan Index | Our copy |
| Chicago Laborers | Emerging Markets Debt | Fixed Income | 2% | — | JPM GBI-EM Global Diversified (Unhedged)JPM GBI-EM Global Diversified Index | Our copy |
| Chicago Laborers | U.S. Large Cap | Public Equity | 16% | — | — | Our copy |
| Chicago Laborers | U.S. Small/Mid Cap | Public Equity | 6% | — | — | Our copy |
| Chicago Laborers | International Developed Markets Large Cap | Public Equity | 8% | — | MSCI EAFE | Our copy |
| Chicago Laborers | International Developed Markets Small Cap | Public Equity | 3% | — | MSCI EAFE Small CapMSCI EAFE Small Cap Index | Our copy |
| Chicago Laborers | Emerging Markets | Public Equity | 4% | — | — | Our copy |
| Chicago Laborers | Global Equity Low Volatility | Public Equity | 5% | — | MSCI ACWI Minimum Volatility | Our copy |
| Chicago Laborers | Core Real Estate | Real Estate | 4% | — | NCREIF ODCE | Our copy |
| Chicago Laborers | Opportunistic Real Estate | Real Estate | 4% | — | NCREIF NPINCREIF Property Index | Our copy |
| Chicago Laborers | Global Infrastructure | Real Assets / Infrastructure | 5% | — | LIBOR + 4% | Our copy |
| Chicago Laborers | Private Equity | Private Equity | 6% | — | Cambridge All Private Equity | Our copy |
| Chicago Laborers | Private Debt | Private Credit / Debt | 6% | — | CS Leveraged LoanCredit Suisse FB Leveraged Loan Index | Our copy |
| Chicago Laborers | Hedge Funds/Defensive Equity | Hedge Funds / Absolute Return | 5% | — | — | Our copy |
| Chicago Laborers | Fixed Income | Fixed Income | — | 16–36% | — | Our copy |
| Chicago Laborers | Equity | Public Equity | — | 32–52% | — | Our copy |
| Chicago Laborers | Alternatives | Multi-Asset / Other | — | 20–40% | — | Our copy |
| Chicago Laborers | U.S. Large Cap Equity | Public Equity | — | — | S&P 500S&P 500 Index | Our copy |
| Chicago Laborers | U.S. Small/Mid Cap Equity | Public Equity | — | — | Russell 2500Russell 2500 Index | Our copy |
| Chicago Laborers | Emerging Markets Equity | Public Equity | — | — | MSCI Emerging MarketsMSCI Emerging Markets Index | Our copy |
| Chicago Laborers | Emerging Markets Small Cap Equity | Public Equity | — | — | MSCI Emerging Markets Small CapMSCI Emerging Markets Small Cap Index | Our copy |
| Chicago Laborers | Hedge Funds - Equity Hedge | Hedge Funds / Absolute Return | — | — | HFRI Equity Hedge | Our copy |
| Chicago Laborers | Hedge Funds - Relative Value | Hedge Funds / Absolute Return | — | — | HFRI Equity Relative ValueHFRI Equity Relative Value Index | Our copy |
| Chicago Municipal | Fixed Income | Fixed Income | 22% | 17–27% | Bloomberg US AggregateBloomberg U.S. Aggregate Index | Our copy |
| Chicago Municipal | U.S. Equity | Public Equity | 25% | 20–30% | Russell 3000Russell 3000 Index | Our copy |
| Chicago Municipal | Global Equity | Public Equity | 4% | 2–6% | — | Our copy |
| Chicago Municipal | Non-U.S. Equity | Public Equity | 17% | 12–22% | MSCI ACWI ex USMSCI ACWI ex US Index | Our copy |
| Chicago Municipal | Real Assets | Real Assets / Infrastructure | 11% | 8–14% | — | Our copy |
| Chicago Municipal | Defensive Equity | Public Equity | 5% | 3–7% | CBOE S&P 500 PutWriteCBOE S&P 500 PutWrite Index | Our copy |
| Chicago Municipal | Hedge Funds | Hedge Funds / Absolute Return | 10% | 6–14% | HFRI Fund-of-Funds | Our copy |
| Chicago Municipal | Private Debt/Credit | Private Credit / Debt | 4% | 2–6% | — | Our copy |
| Chicago Municipal | Private Equity | Private Equity | 4% | 2–6% | Burgiss Global Private CapitalBurgiss Global Private Capital Index | Our copy |
| Chicago Municipal | Cash | Cash | 3% | 0–25% | 91 Day T-Bill | Our copy |
| Chicago Municipal | Global Low Volatility | Multi-Asset / Other | — | — | MSCI ACWI Minimum VolatilityMSCI ACWI Minimum Volatility Index | Our copy |
| Chicago Municipal | Private Debt | Private Credit / Debt | — | — | Burgiss Global Private DebtBurgiss Global Private Debt Index | Our copy |
| Chicago Municipal | Real Estate | Real Estate | — | — | NCREIF ODCENFI ODCE | Our copy |
| Chicago Municipal | Infrastructure | Real Assets / Infrastructure | — | — | SOFR + 4% | Our copy |
| Chicago Police | Large Cap | Public Equity | 15% | 13–20% | Russell 1000 | Our copy |
| Chicago Police | SMID Cap | Public Equity | 6% | 4–11% | Russell 2500 | Our copy |
| Chicago Police | Developed Int'l Equity | Public Equity | 15% | 13–20% | — | Our copy |
| Chicago Police | Emerging Markets Equity | Public Equity | 6% | 4–11% | MSCI Emerging MarketsMSCI Emerging Market Equity | Our copy |
| Chicago Police | Long/Short Equities | Hedge Funds / Absolute Return | 3% | 1–8% | HFRX Equity | Our copy |
| Chicago Police | Private Equity | Private Equity | 5% | 3–9% | Cambridge Private Equity | Our copy |
| Chicago Police | Core Fixed Income | Fixed Income | 13% | 11–18% | Bloomberg US AggregateUS Aggregate | Our copy |
| Chicago Police | Diversified Fixed Income | Fixed Income | 2% | 0–7% | 3-Month LIBOR + 3%3 Month LIBOR +3% | Our copy |
| Chicago Police | Global Multi Sector Fixed Income | Fixed Income | 4% | 2–9% | Global AggregateGlobal Aggregate Total Return | Our copy |
| Chicago Police | Absolute Return Fixed Income | Fixed Income | 3% | 1–8% | 3-Month LIBOR + 3%3 Month LIBOR +3% | Our copy |
| Chicago Police | Opportunistic Credit | Private Credit / Debt | 4% | 2–9% | 50% CS Leveraged Loan / 50%ICE BofA ML US HY BB-B Rated Constrained | Our copy |
| Chicago Police | Private Debt | Private Credit / Debt | 4% | 2–9% | CS Leveraged Loan | Our copy |
| Chicago Police | Real Estate | Real Estate | 7% | 5–12% | NCREIF NPI – Private Real Estate / NAREIT Equity – Public Real EstateNCREIF Property Index – Private Real Estate / NAREIT Equity Index – Public Real Estate | Our copy |
| Chicago Police | Infrastructure | Real Assets / Infrastructure | 4% | 2–9% | NCREIF NPINCREIF Property Index | Our copy |
| Chicago Police | Global Asset Allocation | Multi-Asset / Other | 5% | 2–9% | 60% MSCI ACWI / 40% FTSE WGBI | Our copy |
| Chicago Police | Hedge Funds | Hedge Funds / Absolute Return | 4% | 7–14% | HFRI Fund of FundsHRFI Fund of Funds | Our copy |
| Chicago Police | Cash / Short Duration | Cash | 0% | 0–15% | BBgBarc US Government/Credit 1-3 Yrs (short duration) / 91 Day T-Bill (cash)BBgBarc US Government/Credit 1-3 Yrs (short duration) / 91 Day T-Bills (cash) | Our copy |
| Chicago Police | Developed International Equity | Public Equity | — | — | ACWI ex USMSCI ACWI ex US | Our copy |
| Chicago Teachers | Domestic Equity | Public Equity | 31% | 28–34% | Russell 3000Russell 3000 Index | Our copy |
| Chicago Teachers | Global ex-US Equity | Public Equity | 20.5% | 17.5–23.5% | MSCI ACWI ex-US IMIMSCI ACWI ex-US Index IMI | Our copy |
| Chicago Teachers | Private Equity | Private Equity | 8% | 3–9% | Russell 3000 + 3%Russell 3000 Index + 3% | Our copy |
| Chicago Teachers | U.S. Fixed Income | Fixed Income | 26.5% | 23.5–29.5% | Bloomberg AggregateBarclays Capital Aggregate Index | Our copy |
| Chicago Teachers | Real Estate | Real Estate | 9% | 6–12% | NCREIF ODCE Value Weight NetNFI-ODCE Value Weight Net Index | Our copy |
| Chicago Teachers | Private Credit | Private Credit / Debt | 3% | 0–6% | 50% JP Morgan High Yield and 50% Morningstar LSTA Loan + 1%50% JP Morgan High Yield and 50% Morningstar LSTA Loan Index + 1% | Our copy |
| Chicago Teachers | Infrastructure | Real Assets / Infrastructure | 2% | 0–4% | FTSE Core Developed Infrastructure 50/50FTSE Core Developed Infrastructure 50/50 Index | Our copy |
| Chicago Teachers | Large Cap Core Equity | Public Equity | — | — | Russell 1000Russell 1000 Index | Our copy |
| Chicago Teachers | Large Cap Growth Equity | Public Equity | — | — | Russell 1000 GrowthRussell 1000 Growth Index | Our copy |
| Chicago Teachers | All Cap Growth Equity | Public Equity | — | — | Russell 3000 GrowthRussell 3000 Growth Index | Our copy |
| Chicago Teachers | All Cap Value Equity | Public Equity | — | — | Russell 3000 ValueRussell 3000 Value Index | Our copy |
| Chicago Teachers | Large Cap Value Equity | Public Equity | — | — | Russell 1000 ValueRussell 1000 Value Index | Our copy |
| Chicago Teachers | Small Cap Core Equity | Public Equity | — | — | Russell 2000Russell 2000 Index | Our copy |
| Chicago Teachers | Small Cap Value Equity | Public Equity | — | — | Russell 2000 ValueRussell 2000 Value Index | Our copy |
| Chicago Teachers | Small Cap Growth Equity | Public Equity | — | — | Russell 2000 GrowthRussell 2000 Growth Index | Our copy |
| Chicago Teachers | International Large Cap Equity - Developed Only | Public Equity | — | — | MSCI EAFEMSCI EAFE Index | Our copy |
| Chicago Teachers | International Large Cap Equity - All Country | Public Equity | — | — | MSCI ACWI ex-USMSCI ACWI ex-US Index | Our copy |
| Chicago Teachers | International Large Cap Growth Equity - All Country | Public Equity | — | — | MSCI ACWI ex-US IMI GrowthMSCI ACWI ex-US IMI Growth Index | Our copy |
| Chicago Teachers | International Small Cap Equity | Public Equity | — | — | MSCI ACWI ex-US Small Cap GrowthMSCI ACWI ex-US Small Cap Growth Index | Our copy |
| Chicago Teachers | DFA International Small Cap Value | Public Equity | — | — | MSCI World Small Cap ex-USMSCI World Small Cap ex-US Index | Our copy |
| Chicago Teachers | Emerging Markets Equity | Public Equity | — | — | MSCI Emerging MarketsMSCI Emerging Markets Index | Our copy |
| Chicago Teachers | Fixed Income BB Aggregate Index | Fixed Income | — | — | Barclays Government/CreditBarclays Government/Credit Index | Our copy |
| Chicago Teachers | Core Bond | Fixed Income | — | — | Barclays AggregateBarclays Aggregate Index | Our copy |
| Chicago Teachers | Core Plus Fixed Income | Fixed Income | — | — | Barclays AggregateBarclays Aggregate Index | Our copy |
| Cincinnati ERS | Core Plus Bonds | Fixed Income | 10.5% | 6.5–14.5% | Bloomberg US AggregateBloomberg U.S. Aggregate | Our copy |
| Cincinnati ERS | Core Bonds | Fixed Income | 9% | 5–13% | Bloomberg US AggregateBloomberg U.S. Aggregate | Our copy |
| Cincinnati ERS | Opportunistic Credit | Private Credit / Debt | 3% | 0–7% | 50% US High Yield / 50% Leveraged Loan50/50 US HY/Leverage loan | Our copy |
| Cincinnati ERS | Private Debt | Private Credit / Debt | 8% | 4–12% | MSCI Global Private Credit | Our copy |
| Cincinnati ERS | Total Fixed Income | Fixed Income | 30.5% | 15.5–46.5% | — | Our copy |
| Cincinnati ERS | All-Cap Core Equity | Public Equity | 24% | 19–29% | — | Our copy |
| Cincinnati ERS | All-Cap Non-U.S. | Multi-Asset / Other | 15% | 10–20% | — | Our copy |
| Cincinnati ERS | Real Estate Core | Real Estate | 4% | 0–8% | — | Our copy |
| Cincinnati ERS | Real Estate Opportunistic | Real Estate | 2% | 0–6% | — | Our copy |
| Cincinnati ERS | Total Real Estate | Real Estate | 6% | 2–10% | — | Our copy |
| Cincinnati ERS | Infrastructure | Real Assets / Infrastructure | 7% | 3–11% | T-Bill + 4% | Our copy |
| Cincinnati ERS | Hedged Funds | Multi-Asset / Other | 4% | 0–8% | CBOE Put/Write or HFRI CompositeCBOE Put/Write Index or HFRI Composite | Our copy |
| Cincinnati ERS | Private Equity | Private Equity | 13.5% | 8.5–18.5% | — | Our copy |
| Cincinnati ERS | Broad U.S. Equity | Public Equity | — | — | Russell 3000 | Our copy |
| Cincinnati ERS | Broad Non-U.S. Core Equity | Public Equity | — | — | ACWI ex USMSCI ACWI ex. U.S. | Our copy |
| Cincinnati ERS | Real Estate - Core | Real Estate | — | — | NCREIF ODCE | Our copy |
| Cincinnati ERS | Real Estate - Value Added | Real Estate | — | — | NCREIF ODCE | Our copy |
| Cincinnati ERS | Real Estate - Non U.S. | Real Estate | — | — | NCREIF ODCE | Our copy |
| Cincinnati ERS | Private Equity Fund of Funds | Private Equity | — | — | MSCI PC Global All PE | Our copy |
| Cincinnati ERS | Private Equity Direct | Private Equity | — | — | MSCI PC Global All PE | Our copy |
| Colorado PERA | Global Equity | Public Equity | 0.51% | 45–57% | MSCI ACWI IMI with USA GrossMSCI ACWI IMI (Net) with USA Gross | Our copy |
| Colorado PERA | Fixed Income | Fixed Income | 0.23% | 18–28% | Bloomberg US AggregateBloomberg U.S. Aggregate Bond Index | Our copy |
| Colorado PERA | Private Equity | Private Equity | 0.1% | 5–15% | MSCI ACWI IMI with USA Gross plus 200 basis pointsMSCI ACWI IMI (Net) with USA Gross plus 200 basis points | Our copy |
| Colorado PERA | Real Estate | Real Estate | 0.1% | 5–15% | NCREIF ODCE + 50 bpsNCREIF Open End Diversified Core Equity Index (NFI-ODCE) plus 50 basis points, annually | Our copy |
| Colorado PERA | Alternatives | Multi-Asset / Other | 0.06% | 1–11% | Weighted average of underlying objectives: Real Assets: CPI plus 400 basis points; Private Credit: Morningstar LSTA Leveraged Loan plus 150 basis points; Risk Mitigation: HFRI FOF Market Defensive ; Opportunistic: PERA Public Markets plus 150 basis pointsWeighted average of underlying objectives: Real Assets: CPI plus 400 basis points; Private Credit: Morningstar LSTA Leveraged Loan Index plus 150 basis points; Risk Mitigation: HFRI FOF Market Defensive Index; Opportunistic: PERA Public Markets plus 150 basis points | Our copy |
| Colorado PERA | Cash | Cash | 0% | 0–3% | — | Our copy |
| Connecticut Retirement Plans and Trust Funds | Global Equity | Public Equity | 37% | — | MSCI ACWI IMI NetMSCI All Country World IMI Net Index | Our copy |
| Connecticut Retirement Plans and Trust Funds | Core Fixed Income | Fixed Income | 13% | — | Blend: Bloomberg US Aggregate Bond and Bloomberg US TreasuriesBlend: Bloomberg Barclays U.S. Aggregate Bond and Bloomberg Barclays U.S. Treasuries Index | Our copy |
| Connecticut Retirement Plans and Trust Funds | Non-Core Fixed Income | Fixed Income | 2% | — | Bloomberg US High Yield 2% Issuer CapBloomberg Barclays U.S. High Yield 2% Issuer Cap Index | Our copy |
| Connecticut Retirement Plans and Trust Funds | Private Equity | Private Equity | 15% | — | Russell 3000 + 2.5%Russell 3000 + 250 basis points | Our copy |
| Connecticut Retirement Plans and Trust Funds | Private Credit | Private Credit / Debt | 10% | — | S&P / LSTA Leveraged Loan + 1.5%S&P / LSTA Leveraged Loan Index + 150 basis points | Our copy |
| Connecticut Retirement Plans and Trust Funds | Absolute Return | Hedge Funds / Absolute Return | 5% | — | Blend: Dynamic weighted strategy (HFRX) | Our copy |
| Connecticut Retirement Plans and Trust Funds | Real Estate | Real Estate | 10% | — | Open End Diversified Core Equity (NCREIF ODCE )Open End Diversified Core Equity (NFI-ODCE Index) | Our copy |
| Connecticut Retirement Plans and Trust Funds | Infrastructure and Natural Resources | Real Assets / Infrastructure | 7% | — | CPI-U + 4%CPI-U + 400 basis points | Our copy |
| Connecticut Retirement Plans and Trust Funds | Liquidity (Cash Equivalents) | Cash | 1% | — | US 3-Month T-BillU.S. 3-Month T-Bill Index | Our copy |
| Cook County ERS | Domestic Equity | Public Equity | 32% | 28–36% | Russell 3000 | Our copy |
| Cook County ERS | Non-U.S. Equity | Public Equity | 20% | 16–24% | MSCI ACWI ex US IMI | Our copy |
| Cook County ERS | Total Fixed Income | Fixed Income | 26% | 22–30% | Custom Fixed Income Benchmark | Our copy |
| Cook County ERS | Broad U.S. Fixed Income | Fixed Income | 23.5% | 19.5–27.5% | Bloomberg AggregateBloomberg Aggregate Index | Our copy |
| Cook County ERS | Short Duration Fixed Income | Fixed Income | 2.5% | 0–5% | Bloomberg 1-3 Yr Government/CreditBloomberg 1-3 Yr Government/Credit Index | Our copy |
| Cook County ERS | Real Estate | Real Estate | 9% | 5–13% | Custom Real Estate Benchmark (blend of FTSE NAREIT Equity and NCREIF NCREIF ODCE Value Weight Net )Custom Real Estate Benchmark (blend of FTSE NAREIT Equity Index and NCREIF NFI-ODCE Value Weight Net Index) | Our copy |
| Cook County ERS | Hedge Funds | Hedge Funds / Absolute Return | 3% | 0–6% | 90-Day SOFR + 4%90 Day SOFR + 4% | Our copy |
| Cook County ERS | Private Equity | Private Equity | 5% | 1–9% | Custom Private Equity Benchmark/Cambridge Private Equity | Our copy |
| Cook County ERS | Infrastructure | Real Assets / Infrastructure | 2% | 0–4% | — | Our copy |
| Cook County ERS | Private Credit | Private Credit / Debt | 2% | 0–4% | — | Our copy |
| Cook County ERS | Cash Equivalents | Cash | 1% | 0–5% | 90 T-Bill90 T-Bills | Our copy |
| District of Columbia Retirement Board | Fixed Income | Fixed Income | 23% | — | — | Our copy |
| District of Columbia Retirement Board | Public Equities | Public Equity | 41% | — | — | Our copy |
| District of Columbia Retirement Board | Private Equity | Private Equity | 13% | 6–20% | 61% Russell 3000 / 27% MSCI World Ex US ND / 12% MSCI Emerging Markets ND | Our copy |
| District of Columbia Retirement Board | Private Credit | Private Credit / Debt | 7% | 2–12% | Bloomberg US High Yield | Our copy |
| District of Columbia Retirement Board | Private Real Assets | Real Assets / Infrastructure | 16% | — | — | Our copy |
| District of Columbia Retirement Board | Private Real Assets - Real Estate | Real Estate | 8% | 6–10% | — | Our copy |
| District of Columbia Retirement Board | Private Real Assets - Infrastructure | Real Assets / Infrastructure | 6% | 0–10% | — | Our copy |
| District of Columbia Retirement Board | Private Real Assets - Natural Resources | Real Assets / Infrastructure | 2% | 0–5% | — | Our copy |
| District of Columbia Retirement Board | Cash | Cash | — | 0–5% | ICE BofA 90-Day US T-BillICE BofAML 90-day US T-Bills | Our copy |
| District of Columbia Retirement Board | U.S. Intermediate Gov't Bonds | Fixed Income | — | 3–11% | Bloomberg IT Gov't Bonds | Our copy |
| District of Columbia Retirement Board | U.S. Long Gov't Bonds | Fixed Income | — | 0–10% | Bloomberg LT Gov't Bonds | Our copy |
| District of Columbia Retirement Board | U.S. Short Term TIPS | Cash | — | 0–10% | — | Our copy |
| District of Columbia Retirement Board | U.S. High Yield | Fixed Income | — | 0–4% | Bloomberg US High YieldBloomberg U.S. High Yield | Our copy |
| District of Columbia Retirement Board | Bank Loans | Fixed Income | — | 0–4% | CS Leveraged Loan | Our copy |
| District of Columbia Retirement Board | International Bonds | Fixed Income | — | 0–4% | Bloomberg Global ex US AggregateBloomberg Global ex U.S. Aggregate | Our copy |
| District of Columbia Retirement Board | Emerging Markets Bonds | Fixed Income | — | 0–4% | 50% JPM GBI-EM Global Diversified / 50% JPM EMBI Global Diversified | Our copy |
| District of Columbia Retirement Board | U.S. Equities | Public Equity | — | 19–31% | Russell 3000 | Our copy |
| District of Columbia Retirement Board | Int'l. Dev. Markets Eq. | Multi-Asset / Other | — | 7–15% | MSCI World ex US ND | Our copy |
| District of Columbia Retirement Board | Emerging Markets Eq. | Multi-Asset / Other | — | 2–8% | MSCI Emerging Markets ND | Our copy |
| District of Columbia Retirement Board | Short-Term U.S. TIPS | Cash | — | — | Bloomberg 0-5 Year TIPS | Our copy |
| District of Columbia Retirement Board | Real Estate | Real Estate | — | — | FTSE EPRA NAREIT GlobalFTSE EPRA NAREIT Global (net) | Our copy |
| District of Columbia Retirement Board | Infrastructure | Real Assets / Infrastructure | — | — | 50% Bloomberg 0-5 Year TIPS / 31% Russell 3000 / 13% MSCI World ex US ND / 6% MSCI Emerging Markets ND | Our copy |
| District of Columbia Retirement Board | Natural Resources | Real Assets / Infrastructure | — | — | S&P Global Natural Resources | Our copy |
| District of Columbia Retirement Board | Real Assets | Real Assets / Infrastructure | — | — | 50% Real Estate Benchmark / 37.5% Infrastructure Benchmark / 12.5% Natural Resources Benchmark | Our copy |
| Dallas Police and Fire | Equity | Public Equity | 64% | — | — | Our copy |
| Dallas Police and Fire | Public Equity | Public Equity | 58% | 50–66% | MSCI ACWI IMI Net | Our copy |
| Dallas Police and Fire | Private Equity | Private Equity | 6% | — | MSCI ACWI IMI Net + 2%MSCI ACWI IMI Net + 2% 1Q lag | Our copy |
| Dallas Police and Fire | Credit | Fixed Income | 15% | — | — | Our copy |
| Dallas Police and Fire | Public Credit | Fixed Income | 11% | 7–15% | 35% Bloomberg US HY , 35% Credit Suisse Leveraged Loans, 30% Blended EMD Benchmark35% Bloomberg US HY Index, 35% Credit Suisse Leveraged Loans, 30% Blended EMD Benchmark | Our copy |
| Dallas Police and Fire | Private Credit | Private Credit / Debt | 4% | — | 50% Bloomberg US HY / 50% Credit Suisse Leveraged Loans + 1%50% Bloomberg US HY / 50% Credit Suisse Leveraged Loans + 1% 1Q Lag | Our copy |
| Dallas Police and Fire | Real Assets | Real Assets / Infrastructure | 8% | — | — | Our copy |
| Dallas Police and Fire | Real Estate | Real Estate | 5% | — | NCREIF NPINCREIF Property Index 1Q Lag | Our copy |
| Dallas Police and Fire | Natural Resources | Real Assets / Infrastructure | 5% | — | NCREIF FarmlandNCREIF Farmland TR Index 1Q Lag | Our copy |
| Dallas Police and Fire | Infrastructure | Real Assets / Infrastructure | 0% | — | S&P Global Infrastructure | Our copy |
| Dallas Police and Fire | Fixed Income & Cash | Fixed Income | 13% | — | — | Our copy |
| Dallas Police and Fire | Cash | Cash | 3% | 0–6% | 91-Day T-Bill91 Day T-Bills | Our copy |
| Dallas Police and Fire | Short Term Investment Grade Bonds | Fixed Income | 6% | 0–9% | Bloomberg 1-3 Year US AggregateBloomberg Barclays 1-3 Year U.S. Aggregate TR | Our copy |
| Dallas Police and Fire | Investment Grade Bonds | Fixed Income | 4% | 2–6% | Bloomberg US AggregateBloomberg Barclays U.S. Aggregate TR | Our copy |
| Dallas Police and Fire | Huff Energy | Real Assets / Infrastructure | — | — | Actual Return of Fund | Our copy |
| Delaware State Employees | VFP Russell 3000 | Multi-Asset / Other | 46% | — | — | Our copy |
| Delaware State Employees | VFP MSCI All Country ex USA IMI | Multi-Asset / Other | 24% | — | — | Our copy |
| Delaware State Employees | VFP Bloomberg US Universal Bond | Fixed Income | 27% | — | — | Our copy |
| Delaware State Employees | VFP 91 Day Treasury Bill | Fixed Income | 3% | — | — | Our copy |
| Delaware State Employees | Other Strategies | Multi-Asset / Other | — | 0% minimum, 20% maximum | Strategy Representative Benchmark | Our copy |
| Delaware State Employees | Domestic Equity | Public Equity | — | — | Russell 3000Russell 3000 Index | Our copy |
| Delaware State Employees | International Equity | Public Equity | — | — | MSCI All-Country World ex-USA IMIMSCI All-Country World ex-USA IMI Index | Our copy |
| Delaware State Employees | Fixed Income | Fixed Income | — | — | Bloomberg US-Universal BondBloomberg US-Universal Bond Index | Our copy |
| Delaware State Employees | Private Investments | Multi-Asset / Other | — | — | 66% Russell 3000 , 34% MSCI All-Country ex-USA IMI66% Russell 3000 Index, 34% MSCI All-Country ex-USA IMI Index | Our copy |
| Fairfax County Schools | U.S. Large Cap | Public Equity | 15% | 10–20% | — | Our copy |
| Fairfax County Schools | U.S. Small Cap | Public Equity | 6% | 2–10% | — | Our copy |
| Fairfax County Schools | International Large Cap | Public Equity | 7% | 3–11% | — | Our copy |
| Fairfax County Schools | International Small Cap | Public Equity | 3% | 1–5% | — | Our copy |
| Fairfax County Schools | Emerging Markets Equity | Public Equity | 3% | 1–5% | MSCI Emerging Markets IMIMSCI Emerging Markets IMI (Net) | Our copy |
| Fairfax County Schools | Global Equity | Public Equity | 3% | 1–5% | MSCI ACWIMSCI All Country World Index (Net) | Our copy |
| Fairfax County Schools | Core Fixed Income | Fixed Income | 37% | 29–45% | — | Our copy |
| Fairfax County Schools | Private Equity | Private Equity | 7% | 4–13% | ThomsonOne All Regions PE / Public market equivalent of MSCI ACWI IMI + 2.5% | Our copy |
| Fairfax County Schools | Private Debt | Private Credit / Debt | 4% | 2–7% | Morningstar LSTA US Leveraged LoanMorningstar LSTA U.S. Leveraged Loan Index | Our copy |
| Fairfax County Schools | Hedge Fund | Hedge Funds / Absolute Return | 0% | 0–12% | — | Our copy |
| Fairfax County Schools | Real Estate | Real Estate | 7% | 3–12% | NCREIF – ODCE NET | Our copy |
| Fairfax County Schools | Infrastructure | Real Assets / Infrastructure | 3% | 1–5% | — | Our copy |
| Fairfax County Schools | Natural Resources (Private) | Real Assets / Infrastructure | 5% | 0–7% | — | Our copy |
| Fairfax County Schools | Cash | Cash | 0% | 0–4% | — | Our copy |
| Fairfax County Schools | U.S. Large Cap Equity | Public Equity | — | — | Russell 1000Russell 1000 Index | Our copy |
| Fairfax County Schools | U.S. Small Cap Value Equity | Public Equity | — | — | Russell 2000 ValueRussell 2000 Value Index | Our copy |
| Fairfax County Schools | U.S. Small Cap Core Equity | Public Equity | — | — | Russell 2000Russell 2000 Index | Our copy |
| Fairfax County Schools | U.S. Small Cap Growth Equity | Public Equity | — | — | Russell 2000 GrowthRussell 2000 Growth Index | Our copy |
| Fairfax County Schools | International Large Cap Equity | Public Equity | — | — | MSCI EAFEMSCI EAFE (Net) | Our copy |
| Fairfax County Schools | International Small Cap Equity | Public Equity | — | — | MSCI EAFE Small CapMSCI EAFE Small Cap (Net) | Our copy |
| Fairfax County Schools | Fixed Income | Fixed Income | — | — | Bloomberg US AggregateBloomberg U.S. Aggregate Index | Our copy |
| Fairfax County Schools | Fixed Income (Loomis Sayles) | Fixed Income | — | — | Bloomberg US Govt/CreditBloomberg U.S. Govt/Credit Index | Our copy |
| Fairfax County Schools | Private Infrastructure | Real Assets / Infrastructure | — | — | FTSE 10 Year Treasury OTR | Our copy |
| Fairfax County Schools | Private Natural Resources | Real Assets / Infrastructure | — | — | 3-Month T-Bill90 Day U.S. Treasury Bill | Our copy |
| Florida RS | Global Equity | Public Equity | 45% | 35–60% | Custom MSCI ACWI ex China ex Hong Kong IMI, in dollar terms, net of withholding taxes, adjusted for prohibited securitiesCustom MSCI All Country World Index ex China ex Hong Kong Investable Market Index, in dollar terms, net of withholding taxes, adjusted for prohibited securities | Our copy |
| Florida RS | Fixed Income | Fixed Income | 21% | 12–30% | Bloomberg US AggregateBloomberg U.S. Aggregate Bond Index | Our copy |
| Florida RS | Active Credit | Fixed Income | 7% | 2–12% | Floating based on public/private mix: High Yield – Bloomberg US High Yield ; Bank Loans – LSTA Leveraged Loan ; Emerging Market Debt – Bloomberg Emerging Market indices; Private Credit - LSTA Leveraged Loan + 1.75%Floating based on public/private mix: High Yield – Bloomberg U.S. High Yield Index; Bank Loans – LSTA Leveraged Loan Index; Emerging Market Debt – Bloomberg Emerging Market indices; Private Credit - LSTA Leveraged Loan Index + 1.75% | Our copy |
| Florida RS | Real Estate | Real Estate | 12% | 8–20% | 83.3% NCREIF Fund – Open-ended Diversified Core Equity () + 16.7% (NCREIF ODCE + 1.5%)83.3% NCREIF Fund Index – Open-ended Diversified Core Equity (NET of fees) + 16.7% (NCREIF ODCE + 150 basis points) | Our copy |
| Florida RS | Private Equity | Private Equity | 10% | 6–20% | Global Equity Target , plus 250 basis points per annumGlobal Equity Target Index, plus 250 basis points per annum | Our copy |
| Florida RS | Strategic Investments | Multi-Asset / Other | 4% | 2–14% | Floating based on sub-category weights: Hedge Funds - SOFR + 3%; Real Assets – CPI + 4%; Insurance Linked Securities – Swiss RE CAT Bond ; Opportunistic Strategies – appropriate benchmarkFloating based on sub-category weights: Hedge Funds - SOFR + 3%; Real Assets – CPI + 4%; Insurance Linked Securities – Swiss RE CAT Bond Total Return Index; Opportunistic Strategies – appropriate benchmark | Our copy |
| Florida RS | Cash Equivalents | Cash | 1% | 0.25–5% | Bloomberg US T-Bill: 1-3 MonthsBloomberg Barclays U.S. Treasury Bill: 1-3 Months Index | Our copy |
| Georgia ERS | Domestic Equity | Public Equity | — | — | Standard & Poor's 1500 | Our copy |
| Hawaii ERS | Broad Growth | Multi-Asset / Other | 70% | 60–80% | — | Our copy |
| Hawaii ERS | Diversifying Strategies | Hedge Funds / Absolute Return | 30% | 20–40% | — | Our copy |
| Hawaii ERS | Opportunities | Multi-Asset / Other | 0% | 0–3% | — | Our copy |
| Hawaii ERS | Broad Growth - Global Equity | Public Equity | — | — | 51% MSCI ACWI IMI, 49% MSCI ACWI IMI (qtr. lag) | Our copy |
| Hawaii ERS | Broad Growth - Real Assets | Real Assets / Infrastructure | — | — | 47% FTSE EPRA NAREIT Global REITS GD (qtr. lag), 37% Dow Jones Brookfield Global Infrastructure (qtr. lag), 9% S&P Global Timber & Forestry (qtr. lag), 7% S&P GSCI Agriculture (qtr. lag)47% FTSE EPRA NAREIT Global REITS Index GD (qtr. lag), 37% Dow Jones Brookfield Global Infrastructure Index (qtr. lag), 9% S&P Global Timber & Forestry Index (qtr. lag), 7% S&P GSCI Agriculture Index (qtr. lag) | Our copy |
| Hawaii ERS | Broad Growth - Global Credit | Fixed Income | — | — | 17% Bloomberg Global High Yield (hedged), 17% S&P LSTA Leveraged Loan 100 , 33% Bloomberg Global High Yield (hedged) (qtr. lag), 33% S&P LSTA Leveraged Loan 100 (qtr. lag)17% Bloomberg Global High Yield Index (hedged), 17% S&P LSTA Leveraged Loan 100 Index, 33% Bloomberg Global High Yield (hedged) (qtr. lag), 33% S&P LSTA Leveraged Loan 100 Index (qtr. lag) | Our copy |
| Hawaii ERS | Diversifying Strategies - Liquid Defensive | Hedge Funds / Absolute Return | — | — | 31% MLM Global EV (15% Vol), 15% Bloomberg US Treasury Long , 54% Bloomberg US Treasury Intermediate31% MLM Global EV Index (15% Vol), 15% Bloomberg U.S. Treasury Long Index, 54% Bloomberg U.S. Treasury Intermediate Index | Our copy |
| Hawaii ERS | Diversifying Strategies - Illiquid Diversifying | Hedge Funds / Absolute Return | — | — | 100% Swiss Re Global Cat Bonds (hedged) | Our copy |
| Hawaii ERS | Real Estate | Real Estate | — | — | FTSE EPRA NAREIT Global REIT GD (qtr. lag)FTSE EPRA NAREIT Global REIT Index GD (qtr. lag) | Our copy |
| Hawaii ERS | Timber/Agriculture | Real Assets / Infrastructure | — | — | S&P GSCI Agriculture (qtr. lag), S&P Global Timber & Forestry (qtr. lag)S&P GSCI Agriculture Index (qtr. lag), S&P Global Timber & Forestry Index (qtr. lag) | Our copy |
| Hawaii ERS | Infrastructure | Real Assets / Infrastructure | — | — | Dow Jones Brookfield Global Infrastructure (qtr. lag)Dow Jones Brookfield Global Infrastructure Index (qtr. lag) | Our copy |
| Hawaii ERS | Private Equity | Private Equity | — | — | MSCI ACWI IMI plus 200 basis points (rolling 10-year periods) | Our copy |
| Houston Firefighters | Cash & Short Term | Cash | 2% | 0.5–8% | BofAML 9-12 Mo. US TreasuryBofAML 9-12 Mo. US Treasury Index | Our copy |
| Houston Firefighters | Public Equity - Domestic | Public Equity | 12% | 5–17% | Russell 3000Russell 3000 Index | Our copy |
| Houston Firefighters | Public Equity - International | Public Equity | 12% | 5–17% | ACWI ex USMSCI All Country World Ex-US Index | Our copy |
| Houston Firefighters | High Yield Bonds | Fixed Income | 15% | 10–20% | S&P LLI 50%/ICE BofA High Yield 50% | Our copy |
| Houston Firefighters | M2 Hedge | Multi-Asset / Other | 2% | 0–12% | — | Our copy |
| Houston Firefighters | Private Equity | Private Equity | 33% | 25–45% | MSCI Global Private Equity Closed End Fund FrozenMSCI Global Private Equity Closed End Fund Frozen Index | Our copy |
| Houston Firefighters | Private Debt | Private Credit / Debt | 15% | 10–20% | MSCI Global Private Credit Closed End Fund FrozenMSCI Global Private Credit Closed End Fund Frozen Index | Our copy |
| Houston Firefighters | Real Estate | Real Estate | 9% | 5–15% | MSCI Global Private Real Estate Closed End Fund FrozenMSCI Global Private Real Estate Closed End Fund Frozen Index | Our copy |
| Houston Firefighters | Total Public Markets | Multi-Asset / Other | 43% | — | — | Our copy |
| Houston Firefighters | Total Private Markets | Multi-Asset / Other | 57% | — | — | Our copy |
| Houston Firefighters | M2 Hedge (Funds, Gold, Digital Assets) | Multi-Asset / Other | — | — | Cash + CPI + 1%Cash + CPI +100 bps | Our copy |
| Houston Municipal | Global Equity | Public Equity | 28% | — | — | Our copy |
| Houston Municipal | Real Estate | Real Estate | 12.5% | — | NCREIF NPINCREIF Property Index | Our copy |
| Houston Municipal | ILAC | Multi-Asset / Other | 20% | — | CPI + 4% | Our copy |
| Houston Municipal | Private Equity | Private Equity | 17% | — | S&P 500 + 3% | Our copy |
| Houston Municipal | Fixed Income - Investment Grade | Fixed Income | 7% | — | — | Our copy |
| Houston Municipal | Fixed Income - Non-Investment Grade | Fixed Income | 3% | — | — | Our copy |
| Houston Municipal | Private Credit | Private Credit / Debt | 12.5% | — | CSFB Leveraged LoanCSFB Leveraged Loan Index | Our copy |
| Houston Municipal | Cash Equivalent | Cash | 0% | — | 0% | Our copy |
| Houston Municipal | Global Equity (75%) | Public Equity | — | — | MSCI ACWI IMIMSCI All Country World Index IMI | Our copy |
| Houston Municipal | Global Equity (25%) | Public Equity | — | — | MSCI ACWI Minimum VolatilityMSCI All Country World Minimum Volatility Index | Our copy |
| Houston Municipal | Fixed Income – Investment Grade | Fixed Income | — | — | Bloomberg US AggregateBloomberg Barclays U.S. Aggregate | Our copy |
| Houston Municipal | Fixed Income – Non-Investment Grade | Fixed Income | — | — | ICE BofA High Yield Master Trust IIMerrill Lynch High Yield Master Trust II | Our copy |
| Houston Police | Domestic Equity | Public Equity | — | — | Russell 3000Russell 3000 Index | Our copy |
| Houston Police | Equity Index Managers | Public Equity | — | — | specific equity benchmark as agreed upon by both the Board and the investment managerspecific equity index benchmark as agreed upon by both the Board and the investment manager | Our copy |
| Houston Police | Fixed Income | Fixed Income | — | — | Bloomberg US AggregateBBG US Aggregate Index | Our copy |
| Houston Police | International Equity | Public Equity | — | — | MSCI ACWI ex-US (hedged)MSCI ACWI ex-US (hedged) Index | Our copy |
| Houston Police | High Yield | Fixed Income | — | — | FTSE High Yield MarketFTSE High Yield Market TR Index | Our copy |
| Houston Police | Risk Parity | Hedge Funds / Absolute Return | — | — | 60/40 mix of the S&P 500 and the Barclay's Aggregate60/40 mix of the S&P 500 Index and the Barclay's Aggregate Index | Our copy |
| Houston Police | Hedge Funds | Hedge Funds / Absolute Return | — | — | HFRI for the manager or fund; MSCI World Equity (hedged) on a risk adjusted basisHFRI index for the manager or fund; MSCI World Equity Index (hedged) on a risk adjusted basis | Our copy |
| Houston Police | Private Equity, Real Estate, and Real Assets | Private Equity | — | — | S&P 500 by 3% to 5%S&P 500 Index by 3% to 5% | Our copy |
| Idaho PERS | Equities | Public Equity | — | 66–77% | — | Our copy |
| Idaho PERS | Broad Domestic Equity | Public Equity | — | 50–65% | — | Our copy |
| Idaho PERS | International | Public Equity | — | 10–20% | — | Our copy |
| Idaho PERS | Fixed Income | Fixed Income | — | 23–33% | — | Our copy |
| Idaho PERS | Cash | Cash | — | 0–5% | — | Our copy |
| Idaho PERS | U.S. Equities (Broad Domestic Equity) | Public Equity | — | — | Russell 3000Russell 3000 Index | Our copy |
| Idaho PERS | U.S. Equities (Global Equity Managers) | Public Equity | — | — | MSCI World or MSCI ACWI (MSCI ACWI )MSCI World Index or MSCI All Country World Index (MSCI ACWI Index) | Our copy |
| Idaho PERS | International Equities (Developed Markets) | Public Equity | — | — | MSCI EAFE (unhedged) or MSCI ACWI ex US (unhedged)MSCI EAFE Index (unhedged) or MSCI ACWI ex US Index (unhedged) | Our copy |
| Idaho PERS | International Equities (Emerging Markets) | Public Equity | — | — | MSCI Emerging Markets (MSCI EMF)MSCI Emerging Markets (MSCI EMF) Index | Our copy |
| Idaho PERS | Fixed Income (Non-Mortgage) | Fixed Income | — | — | Bloomberg Government/Credit Bond or Bloomberg Aggregate BondBloomberg Barclays Government/Credit Bond Index or Bloomberg Barclays Aggregate Bond Index | Our copy |
| Idaho PERS | Fixed Income (Mortgage) | Fixed Income | — | — | Bloomberg MortgageBloomberg Barclays Mortgage Index | Our copy |
| Idaho PERS | Fixed Income (Real Return/TIPS) | Real Assets / Infrastructure | — | — | Bloomberg TIPSBloomberg Barclays TIPS Index | Our copy |
| Idaho PERS | Real Estate (Passive REIT Index) | Real Estate | — | — | MSCI US REIT, Dow Jones Select REIT, NAREIT all Equity, or Wilshire REITMSCI US REIT, Dow Jones Select REIT, NAREIT all Equity, or Wilshire REIT Index | Our copy |
| Idaho PERS | Real Estate (Open-End/Closed-End Funds and Private) | Real Estate | — | — | NCREIF NPI or Open-End Core Equity (NCREIF ODCE) Value Weight netNCREIF Property Index or Open-End Core Equity (NFI-ODCE) Value Weight net | Our copy |
| Idaho PERS | Real Estate (Asset Class Total) | Real Estate | — | — | Russell 3000Russell 3000 Index | Our copy |
| Idaho PERS | Alternative Investments (Equity) | Public Equity | — | — | Russell 3000Russell 3000 Index | Our copy |
| Idaho PERS | Alternative Investments (Debt) | Fixed Income | — | — | Government/Credit BondGovernment/Credit Bond Index | Our copy |
| Illinois Municipal | U.S. Equity | Public Equity | 31.5% | 27.5–35.5% | Custom US Equity Benchmark (92% Russell 3000 , 8% FSTE Global Core Infrastructure 50/50 )Custom U.S. Equity Benchmark (92% Russell 3000 Index, 8% FSTE Global Core Infrastructure 50/50 Index (Net)) | Our copy |
| Illinois Municipal | International Equity | Public Equity | 18% | 14–22% | ACWI ex USMSCI All Country World Index ex USA (net) | Our copy |
| Illinois Municipal | Fixed Income | Fixed Income | 25% | 21–29% | Custom Fixed Income Benchmark (84% Bloomberg US Aggregate Bond , 8% ICE BofA US High Yield Cash Pay , 8% Custom Global Bank Loan )Custom Fixed Income Benchmark (84% Bloomberg U.S. Aggregate Bond Index, 8% ICE BofA U.S. High Yield Cash Pay Index, 8% Custom Global Bank Loan Index) | Our copy |
| Illinois Municipal | Private Real Assets | Real Assets / Infrastructure | 11% | 7–15% | Custom Private Real Assets Benchmark (91% NCREIF ODCE , 9% CPI +4%)Custom Private Real Assets Benchmark (91% NCREIF ODCE Index, 9% CPI +4%) | Our copy |
| Illinois Municipal | Alternative Investments | Multi-Asset / Other | 13.5% | 9.5–17.5% | Custom Alternative Investments (74% MSCI World (1QtrLag)+3%, 26% S&P/LSTA US Leverage Loan 100 +2%)Custom Alternative Investments Index (74% MSCI World Index (Net) (1QtrLag)+3%, 26% S&P/LSTA U.S. Leverage Loan 100 Index +2%) | Our copy |
| Illinois Municipal | Cash and Equivalents | Cash | 1% | 0–2% | 3-Month T-Bill3-month T-Bills | Our copy |
| Illinois Teacherslong term · one of 2 portfolios in the document | Equity | Public Equity | 52% | 42–62% | — | Our copy |
| Illinois Teacherslong term · one of 2 portfolios in the document | Public Equity | Public Equity | 37% | 27–47% | MSCI ACWI IMIMSCI ACWI Investable Market Index | Our copy |
| Illinois Teacherslong term · one of 2 portfolios in the document | Private Equity | Private Equity | 15% | 12–18% | MSCI ACWI IMI + 2.00%MSCI ACWI Investable Market Index + 2.00% | Our copy |
| Illinois Teacherslong term · one of 2 portfolios in the document | Real Assets | Real Assets / Infrastructure | 18% | 15–21% | — | Our copy |
| Illinois Teacherslong term · one of 2 portfolios in the document | Real Estate | Real Estate | 14% | 11–17% | TRS Real Estate (mix of NCREIF ODCE, Burgiss Value Add, and Burgiss Opportunistic indices)TRS Real Estate Index (mix of NCREIF Open End Diversified Core Equity, Burgiss Value Add, and Burgiss Opportunistic indices) | Our copy |
| Illinois Teacherslong term · one of 2 portfolios in the document | Other Real Assets | Real Assets / Infrastructure | 4% | 2–6% | CPI + 5.00% | Our copy |
| Illinois Teacherslong term · one of 2 portfolios in the document | Diversifying Strategies | Hedge Funds / Absolute Return | 6% | 3–10% | 33.3% Bloomberg US Long Treasury, 33.3% SocGen Trend, and 33.3% HFR Global Macro | Our copy |
| Illinois Teacherslong term · one of 2 portfolios in the document | Income | Multi-Asset / Other | 24% | 20–30% | — | Our copy |
| Illinois Teacherslong term · one of 2 portfolios in the document | Global Income | Fixed Income | 15% | 10–20% | Bloomberg Aggregate (Hedged)Bloomberg Barclays Aggregate Index (Hedged) | Our copy |
| Illinois Teacherslong term · one of 2 portfolios in the document | Private Credit | Private Credit / Debt | 8% | 5–11% | 50/50 Bloomberg US High Yield / Morningstar LTSA Leveraged Loan Indices50/50 BBG US High Yield / Morningstar LTSA Leveraged Loan Indices | Our copy |
| Illinois Teacherslong term · one of 2 portfolios in the document | Short-Term | Cash | 1% | 0–4% | — | Our copy |
| Illinois Teacherslong term · one of 2 portfolios in the document | Short-term Investments | Cash | — | — | Bloomberg US T-Bill 1-3-MonthBloomberg US Treasury Bill 1-3 Month Index | Our copy |
| Illinois Universities | Broad Growth | Multi-Asset / Other | 72% | — | — | Our copy |
| Illinois Universities | Traditional Growth | Multi-Asset / Other | 30% | — | MSCI ACWI IMI | Our copy |
| Illinois Universities | Stabilized Growth | Multi-Asset / Other | 23% | — | Blend | Our copy |
| Illinois Universities | Non-Traditional Growth | Multi-Asset / Other | 19% | — | Blend | Our copy |
| Illinois Universities | Inflation Sensitive | Real Assets / Infrastructure | 0% | — | — | Our copy |
| Illinois Universities | Principal Protection | Multi-Asset / Other | 8% | — | Bloomberg Intermediate Agg. Ex CreditBloomberg Barclays Intermediate Agg. Ex Credit | Our copy |
| Illinois Universities | Crisis Risk Offset | Multi-Asset / Other | 20% | — | — | Our copy |
| Illinois Universities | Opportunistic | Multi-Asset / Other | 0% | — | — | Our copy |
| Illinois Universities | Core/Core-Plus Real Estate | Real Estate | — | 35-55% of Real Assets component | NCREIF ODCE Value Weight NetNFI-ODCE Value Weight Net | Our copy |
| Illinois Universities | Total Broad Growth | Multi-Asset / Other | — | — | Aggregate Blend of Blends | Our copy |
| Illinois Universities | U.S. Equity | Public Equity | — | — | DJ US Total Stock MarketDow Jones U.S. Total Stock Market Index | Our copy |
| Illinois Universities | Non-U.S. Equity | Public Equity | — | — | MSCI ACWI ex-US IMIMSCI ACWI Ex-US IMI | Our copy |
| Illinois Universities | Global Equity | Public Equity | — | — | MSCI ACWI IMI | Our copy |
| Illinois Universities | Real Assets | Real Assets / Infrastructure | — | — | Blend | Our copy |
| Illinois Universities | Core/Core-Plus Infrastructure | Real Assets / Infrastructure | — | — | FTSE Developed Core Infrastructure 50/50FTSE Developed Core Infrastructure 50/50 Index | Our copy |
| Illinois Universities | Total Public Credit | Fixed Income | — | — | 25%IG+30%HY+30%EMD+15%BL Blend Hedged | Our copy |
| Illinois Universities | Investment Grade | Fixed Income | — | — | BB Global Agg Corporate HedgedBB Global Agg Corporate Index Hedged | Our copy |
| Illinois Universities | High Yield | Fixed Income | — | — | ICE/BoA Global HY Constrained Hedged | Our copy |
| Illinois Universities | Emerging Market Debt (EMD) | Fixed Income | — | — | 50% JPM EM Bond - Global Diversified + 50% JPM Corp. EM Bond - Broad Hedged50% JPM EM Bond Index - Global Diversified + 50% JPM Corp. EM Bond Index - Broad Hedged | Our copy |
| Illinois Universities | Bank Loans | Fixed Income | — | — | S&P US LSTA Leveraged Loan HedgedS&P U.S. LSTA Leveraged Loan Hedged | Our copy |
| Illinois Universities | Private Credit | Private Credit / Debt | — | — | 50% ICE/BofA Global HY Constrained +50% S&P LSTA Global Leveraged Loan + 1% Hedged | Our copy |
| Illinois Universities | Private Equity | Private Equity | — | — | MSCI ACWI IMI+2.0% | Our copy |
| Illinois Universities | Non-Core Real Estate | Real Estate | — | — | NCREIF ODCE Value Weight Net+1.5%NFI-ODCE Value Weight Net+1.5% | Our copy |
| Illinois Universities | Farmland | Real Assets / Infrastructure | — | — | NCREIF Farmland PropertyNCREIF Farmland Property Index | Our copy |
| Illinois Universities | Non-Core Infrastructure | Real Assets / Infrastructure | — | — | Measured by stated strategy target | Our copy |
| Illinois Universities | Total Inflation Sensitive | Real Assets / Infrastructure | — | — | Blend | Our copy |
| Illinois Universities | TIPS | Fixed Income | — | — | Bloomberg US TIPSBarclays Capital U.S. TIPS Index | Our copy |
| Illinois Universities | Total Crisis Risk Offset | Multi-Asset / Other | — | — | Blend | Our copy |
| Illinois Universities | Long Duration | Fixed Income | — | — | BB Long GovernmentBB Long Government Index | Our copy |
| Illinois Universities | Long Volatility/Tail Risk | Multi-Asset / Other | — | — | CBOE EurekaHedge Long VolatilityCBOE EurekaHedge Long Volatility Index | Our copy |
| Illinois Universities | Systematic Trend Following | Hedge Funds / Absolute Return | — | — | CS Managed Futures (15%Vol) | Our copy |
| Illinois Universities | Alternative Risk Premia | Multi-Asset / Other | — | — | 90-Day Treasury Bills + 2.0%90 Day Treasury Bills + 2.0% | Our copy |
| Indiana Public Retirement System | Public Equity | Public Equity | 20% | 17–23%+/- 3% | — | Our copy |
| Indiana Public Retirement System | Private Equity | Private Equity | 10% | 5–15%+/- 5% | — | Our copy |
| Indiana Public Retirement System | Government Bonds | Fixed Income | 30% | 27–33%+/- 3% | — | Our copy |
| Indiana Public Retirement System | Public Credit | Fixed Income | 5% | 2–8%+/- 3% | — | Our copy |
| Indiana Public Retirement System | Private Credit | Private Credit / Debt | 5% | 0–10%+/- 5% | — | Our copy |
| Indiana Public Retirement System | Commodities | Real Assets / Infrastructure | 10% | 7–13%+/- 3% | — | Our copy |
| Indiana Public Retirement System | Private Real Assets | Real Assets / Infrastructure | 10% | 5–15%+/- 5% | — | Our copy |
| Indiana Public Retirement System | Risk Parity | Hedge Funds / Absolute Return | 15% | 10–20%+/- 5% | — | Our copy |
| Indiana Public Retirement System | Absolute Return | Hedge Funds / Absolute Return | 5% | 0–10%+/- 5% | — | Our copy |
| Indiana Public Retirement System | Money Market Fund | Cash | — | — | 90-Day T-Bill rate90-day Treasury Bill rate | Our copy |
| Indiana Public Retirement System | Stable Value Fund | Multi-Asset / Other | — | — | 3yr Constant Maturity Treasury | Our copy |
| Indiana Public Retirement System | Inflation Linked Fixed Income Fund | Real Assets / Infrastructure | — | — | Bloomberg US TIPSBloomberg US TIPS Index | Our copy |
| Indiana Public Retirement System | Fixed Income Fund | Fixed Income | — | — | Bloomberg US Aggregate BondBloomberg US Aggregate Bond Index | Our copy |
| Indiana Public Retirement System | Large Cap Equity Fund | Public Equity | — | — | Standard & Poor's 500Standard & Poor's 500 Index | Our copy |
| Indiana Public Retirement System | Small/Mid Cap Equity Fund | Public Equity | — | — | Russell Small Cap CompletenessRussell Small Cap Completeness Index | Our copy |
| Indiana Public Retirement System | International Equity Fund | Public Equity | — | — | Morgan Stanley Capital International (MSCI) All Country World (ACWI) ex USA ex China ex Hong Kong IMI (IMI)Morgan Stanley Capital International (MSCI) All Country World Index (ACWI) ex USA ex China ex Hong Kong Investable Market Index (IMI) | Our copy |
| Indiana Public Retirement System | Target Date Retirement Funds | Multi-Asset / Other | — | — | Composite of various benchmarks that closely match each Target Date Fund's allocation | Our copy |
| Iowa Municipal Fire and Police | Core Investments | Multi-Asset / Other | 0.44% | — | — | Our copy |
| Iowa Municipal Fire and Police | Strategic Investments | Multi-Asset / Other | 0.33% | — | — | Our copy |
| Iowa Municipal Fire and Police | Illiquid Investments | Multi-Asset / Other | 0.23% | 0–15.23%±15% of target | Not specified in policy | Our copy |
| Iowa Municipal Fire and Police | Core - Domestic Equity | Public Equity | 0.261% | — | — | Our copy |
| Iowa Municipal Fire and Police | Core - International Equity | Public Equity | 0.227% | — | — | Our copy |
| Iowa Municipal Fire and Police | Core - Fixed Income | Fixed Income | 0.216% | — | — | Our copy |
| Iowa Municipal Fire and Police | Core - Real Estate | Real Estate | 0.114% | — | — | Our copy |
| Iowa Municipal Fire and Police | Core - Infrastructure | Real Assets / Infrastructure | 0.114% | — | — | Our copy |
| Iowa Municipal Fire and Police | Core - Absolute Return | Hedge Funds / Absolute Return | 0.068% | — | — | Our copy |
| Iowa Municipal Fire and Police | Strategic - Global Equity | Public Equity | 0.75% | — | — | Our copy |
| Iowa Municipal Fire and Police | Strategic - Global Fixed Income | Fixed Income | 0.25% | — | — | Our copy |
| Iowa Municipal Fire and Police | Illiquid - Private Equity | Private Equity | 0.783% | — | — | Our copy |
| Iowa Municipal Fire and Police | Illiquid - Private Credit | Private Credit / Debt | 0.217% | — | — | Our copy |
| Iowa Municipal Fire and Police | Core and Strategic Investments | Multi-Asset / Other | — | ±7.5% of target | — | Our copy |
| Iowa Municipal Fire and Police | Core Portfolio | Multi-Asset / Other | — | — | Specified composite (determined and reviewed by Board)Specified composite index (determined and reviewed by Board) | Our copy |
| Iowa Municipal Fire and Police | Strategic Portfolio | Multi-Asset / Other | — | — | 75% global equity / 25% fixed income composite75% global equity / 25% fixed income composite index | Our copy |
| Iowa PERS | Domestic Equities | Public Equity | 21% | 18–24%+/- 3% | Russell 3000 | Our copy |
| Iowa PERS | International Equities | Public Equity | 13% | 10–16%+/- 3% | MSCI ACWI ex-USMSCI ACWI ex-U.S. (Net) | Our copy |
| Iowa PERS | Core Fixed Income | Fixed Income | 24.5% | 21.5–27.5%+/- 3% | Bloomberg US AggregateBloomberg U.S. Aggregate | Our copy |
| Iowa PERS | Public Credit | Fixed Income | 6% | 3–9%+/- 3% | Custom (67% Bloomberg US High Yield 2% Issuer Capped + 33% JP Morgan EMBI Global )Custom Index (67% Bloomberg U.S. High Yield 2% Issuer Capped Index + 33% JP Morgan EMBI Global Index) | Our copy |
| Iowa PERS | Cash | Cash | 1% | 0–4%+/- 3% | ICE BofA 91-Day T-BillMerrill Lynch 91-Day T-Bill | Our copy |
| Iowa PERS | Private Equity | Private Equity | 17% | — | Portfolio (actual returns) | Our copy |
| Iowa PERS | Private Credit | Private Credit / Debt | 8% | — | Portfolio (actual returns) | Our copy |
| Iowa PERS | Private Real Assets | Real Assets / Infrastructure | 9.5% | — | Portfolio (actual returns) | Our copy |
| Jacksonville ERS | Domestic Equities | Public Equity | 30% | 20–40% | — | Our copy |
| Jacksonville ERS | International Securities | Multi-Asset / Other | 23% | 13–25% | — | Our copy |
| Jacksonville ERS | Fixed Income | Fixed Income | 20% | 10–30% | Bloomberg US Universal BondBloomberg Barclays US Universal Bond Index | Our copy |
| Jacksonville ERS | Real Estate | Real Estate | 15% | 0–20% | — | Our copy |
| Jacksonville ERS | Diversifying Assets | Hedge Funds / Absolute Return | 12% | 0–20% | — | Our copy |
| Jacksonville ERS | Cash | Cash | 0% | 0–10% | — | Our copy |
| Jacksonville ERS | Domestic Equity | Public Equity | — | — | Russell 3000Russell 3000 Index | Our copy |
| Jacksonville ERS | International Equity | Public Equity | — | — | MSCI ACWI ex-USMSCI All Country World EX-US Index | Our copy |
| Jacksonville ERS | Core Real Estate | Real Estate | — | — | NCREIF ODCENCREIF ODCE Index | Our copy |
| Jacksonville ERS | Non-Core Real Estate | Real Estate | — | — | NCREIF ODCE plus 2% premiumNCREIF ODCE Index plus 2% premium | Our copy |
| Jacksonville Police and Fire | Domestic Equities | Public Equity | 37% | 32–42% | Russell 3000Russell 3000 Index | Our copy |
| Jacksonville Police and Fire | International Equities | Public Equity | 20% | 15–25% | MSCI AC World ex-USMSCI AC World ex-US Index | Our copy |
| Jacksonville Police and Fire | Fixed Income | Fixed Income | 20% | 15–25% | Bloomberg US Universal BondBloomberg Barclays Universal Index | Our copy |
| Jacksonville Police and Fire | Core Real Estate | Real Estate | 10% | 5–15% | NCREIF NPI - ODCENCREIF Property Index - ODCE | Our copy |
| Jacksonville Police and Fire | Non-Core Real Estate | Real Estate | 5% | 0–10% | NCREIF NPI - ODCENCREIF Property Index - ODCE | Our copy |
| Jacksonville Police and Fire | Private Credit | Private Credit / Debt | 8% | 0–13% | Appropriate alternative investment indices | Our copy |
| Jacksonville Police and Fire | Cash Equivalents | Cash | — | — | Average 90-Day T-Bill RateAverage 90-Day Treasury Bill Rate | Our copy |
| Kentucky Public Pensions AuthorityKERS Hazardous and SPRS · one of 2 portfolios in the document | Public Equity | Public Equity | — | — | Russell 3000 | Our copy |
| Kentucky Public Pensions AuthorityKERS Hazardous and SPRS · one of 2 portfolios in the document | Private Equity | Private Equity | — | — | Russell 3000 + 3%Russell 3000 + 300 bps (lagged) | Our copy |
| Kentucky Public Pensions AuthorityKERS Hazardous and SPRS · one of 2 portfolios in the document | Core Fixed Income | Fixed Income | — | — | Bloomberg US Aggregate | Our copy |
| Kentucky Public Pensions AuthorityKERS Hazardous and SPRS · one of 2 portfolios in the document | Specialty Credit | Private Credit / Debt | — | — | 50% Bloomberg US High Yield/ 50% Morningstar LSTA US Leveraged Loan | Our copy |
| Kentucky Public Pensions AuthorityKERS Hazardous and SPRS · one of 2 portfolios in the document | Real Estate | Real Estate | — | — | NCREIF ODCE | Our copy |
| Kentucky Public Pensions AuthorityKERS Hazardous and SPRS · one of 2 portfolios in the document | Real Return | Real Assets / Infrastructure | — | — | CPI+ 3%US CPI+ 3% | Our copy |
| Kentucky Public Pensions AuthorityKERS Hazardous and SPRS · one of 2 portfolios in the document | Cash Equivalent Securities | Cash | — | — | 3-Month T-BillCiti Grp 3-mos Treasury Bill | Our copy |
| Kern County ERS | Public Equity | Public Equity | 34% | 24–46% | — | Our copy |
| Kern County ERS | Fixed Income | Fixed Income | 23% | 13–33% | — | Our copy |
| Kern County ERS | Commodities | Real Assets / Infrastructure | 5% | 0–9% | Bloomberg CommodityBloomberg Commodity Index | Our copy |
| Kern County ERS | Hedge Funds | Hedge Funds / Absolute Return | 12% | 7–17% | 9% 3-Month T-Bill + 3% & 3% MSCI ACWI9% 3-Month Treasury Bill + 300bps & 3% MSCI All Country World Index (Total Return Net) | Our copy |
| Kern County ERS | Alpha Pool | Multi-Asset / Other | 2.5% | 0–5% | 300bps | Our copy |
| Kern County ERS | Core Real Estate | Real Estate | 7% | 2–10% | NCREIF Fund - Open End Diversified Core EquityNCREIF Fund Index - Open End Diversified Core Equity (Net) | Our copy |
| Kern County ERS | Opportunistic | Multi-Asset / Other | 0% | 0–10% | Assumed rate of return + 3%Assumed rate of return + 300bps | Our copy |
| Kern County ERS | Private Markets | Multi-Asset / Other | 18% | 0–33% | — | Our copy |
| Kern County ERS | Cash | Cash | — | -5-4% | 3-Month T-Bill3-Month Treasury Bill Index | Our copy |
| Kern County ERS | Equity | Public Equity | — | — | MSCI ACWI IMIMSCI All Country World Investable Market Index (Total Return Net) | Our copy |
| Kern County ERS | Fixed Income - Core | Fixed Income | — | — | Blend of 3% ICE BofA 7-10 Year US Treasury , 2% ICE BofA US Treasury 10+ , 4% Bloomberg US Aggregate Value Unhedged USD , 4% Bloomberg US Corporate Credit 1-3 YearBlend of 3% ICE BofAML 7-10 Year US Treasury Index, 2% ICE BofAML US Treasury 10+ Index, 4% Bloomberg Barclays US Aggregate Total Return Value Unhedged USD Index, 4% Bloomberg US Corporate Credit 1-3 Year Index | Our copy |
| Kern County ERS | Fixed Income - Credit | Fixed Income | — | — | Blend of 5% Securitized (50% Bloomberg Non-Agency CMBS ; 33.33% Bloomberg ABS ; 16.67% JP Morgan CLOIE AAA ), 2.5% Morningstar LSTA Leverage Loan , 2.5% JP Morgan Emerging Market Bond Global DiversifiedBlend of 5% Securitized (50% Bloomberg Non-Agency CMBS Index; 33.33% Bloomberg ABS Index; 16.67% JP Morgan CLOIE AAA Index), 2.5% Morningstar LSTA Leverage Loan Index, 2.5% JP Morgan Emerging Market Bond Global Diversified Index | Our copy |
| Kern County ERS | Private Equity | Private Equity | — | — | actual time-weighted Private Equity returnsActual time-weighted Private Equity returns | Our copy |
| Kern County ERS | Private Credit | Private Credit / Debt | — | — | Actual time-weighted Private Credit returns | Our copy |
| Kern County ERS | Private Real Assets | Real Assets / Infrastructure | — | — | Actual time-weighted Private Real Assets returns | Our copy |
| LA County ERS | Global Equity | Public Equity | — | — | MSCI ACWI IMI Net | Our copy |
| LA County ERS | Private Equity | Private Equity | — | — | MSCI ACWI IMI + 2% (3-Month lagged)MSCI ACWI IMI + 200 bps (3-Month lagged) | Our copy |
| LA County ERS | Non-Core Private Real Estate | Real Estate | — | — | NCREIF ODCE + 2.25% (3-Month lagged)NFI ODCE + 225 bps (3-Month lagged) | Our copy |
| LA County ERS | Credit | Fixed Income | — | — | Custom Blend: 70% Credit Suisse Leveraged Loans; 30% Bloomberg US Corporate High Yield + 1%Custom Blend: 70% Credit Suisse Leveraged Loans; 30% Bloomberg US Corporate High Yield + 100 bps (1 Month lagged) | Our copy |
| LA County ERS | Core Real Estate | Real Estate | — | — | NCREIF ODCE (3-Month lagged)NFI ODCE (3-Month lagged) | Our copy |
| LA County ERS | Natural Resources | Real Assets / Infrastructure | — | — | 65% S&P Global Natural Resources (3-Month lagged); 35% NCREIF Farmland65% S&P Global Natural Resources TR (3-Month lagged); 35% NCREIF Farmland | Our copy |
| LA County ERS | Infrastructure | Real Assets / Infrastructure | — | — | Dow Jones Brookfield Global Composite Infrastructure (3-Month Lagged)Dow Jones Brookfield Global Composite Infrastructure TR (3-Month Lagged) | Our copy |
| LA County ERS | TIPS | Fixed Income | — | — | Bloomberg US TIPS (0-5 yrs) | Our copy |
| LA County ERS | Investment Grade Bonds | Fixed Income | — | — | Bloomberg Barc US AggregateBBg Barc U S Aggregate TR | Our copy |
| LA County ERS | Diversified Hedge Funds | Hedge Funds / Absolute Return | — | — | FTSE 3-Month US T-Bill + 2% (1-Month lagged)FTSE 3-Month US Treasury Bill + 200 bps (1-Month lagged) | Our copy |
| LA County ERS | Long-term Government Bonds | Fixed Income | — | — | Bloomberg Barc US Long Treasury BondBBg Barc U S Long Treasury Bond | Our copy |
| LA County ERS | Cash | Cash | — | — | FTSE 3-Month US T-BillFTSE 3-Month U S Treasury Bill | Our copy |
| Los Angeles ERS | Domestic Equity | Public Equity | 23% | — | Russell 3000 | Our copy |
| Los Angeles ERS | Non-U.S. Equity | Public Equity | 20% | — | ACWI ex USMSCI ACWI ex-U.S. | Our copy |
| Los Angeles ERS | Fixed Income | Fixed Income | 10.25% | — | Bloomberg US AggregateBloomberg U.S. Aggregate | Our copy |
| Los Angeles ERS | Credit Opportunities | Fixed Income | 7% | — | 28.6% Bloomberg US HY 2% Capped / 28.6% S&P UBS Leveraged Loan / 42.8% blended 50% JPM EMB GD and 50% JPM GBI-EM GD28.6% BBG US HY 2% Capped / 28.6% S&P UBS Leveraged Loan Index / 42.8% blended 50% JPM EMB GD and 50% JPM GBI-EM GD | Our copy |
| Los Angeles ERS | Private Equity | Private Equity | 16% | — | Cambridge Global Private Equity and Venture CapitalCambridge Associates Global Private Equity and Venture Capital Index | Our copy |
| Los Angeles ERS | Private Credit | Private Credit / Debt | 5.75% | — | S&P UBS Leveraged Loan + 2%S&P UBS Leveraged Loan Index + 200bps | Our copy |
| Los Angeles ERS | Real Assets | Real Assets / Infrastructure | 17% | — | 21.2% Bloomberg US TIPS / 8.2% FTSE NAREIT US Equity / 29.4% S&P Global Infrastructure / 41.2% NCREIF ODCE + 0.8%21.2% BBG US TIPS / 8.2% FTSE NAREIT US Equity Index / 29.4% S&P Global Infrastructure / 41.2% NFI-ODCE + 80bps | Our copy |
| Los Angeles ERS | Private Real Estate | Real Estate | 7% | — | NCREIF ODCE + 0.8%NFI-ODCE + 80bps | Our copy |
| Los Angeles ERS | Public Real Assets | Real Assets / Infrastructure | 10% | — | 36% Bloomberg TIPS / 14% FTSE NAREIT US Equity / 50% S&P Global Infrastructure36% BBG TIPS Index / 14% FTSE NAREIT US Equity Index / 50% S&P Global Infrastructure | Our copy |
| Los Angeles ERS | Cash | Cash | 1% | — | 3-Month T-Bill90-Day Treasury Bill | Our copy |
| Los Angeles Fire and Police | Broad US Equity | Public Equity | 29% | ±16-19% | — | Our copy |
| Los Angeles Fire and Police | Broad International Equity | Public Equity | 18% | 1–35%±17% | — | Our copy |
| Los Angeles Fire and Police | Private Equity | Private Equity | 15% | 0–40%±25% | S&P 500 plus 2.5%S&P 500 Index plus 2.5% | Our copy |
| Los Angeles Fire and Police | LAFPP Custom Fixed Income | Fixed Income | 22% | varies by sub-class | — | Our copy |
| Los Angeles Fire and Police | Private Credit | Private Credit / Debt | 3% | 0–28%±25% | Morningstar LSTA US Leveraged Loan plus 1%Morningstar LSTA US Leveraged Loan Index plus 1% | Our copy |
| Los Angeles Fire and Police | Real Assets | Real Assets / Infrastructure | 12% | ±15-21% | — | Our copy |
| Los Angeles Fire and Police | Cash Equivalents | Cash | 1% | 1–4% | — | Our copy |
| Los Angeles Fire and Police | Domestic Large Cap Equity | Public Equity | — | — | S&P 500 (Capitalization Weighted)S&P 500 (Capitalization Weighted) Index | Our copy |
| Los Angeles Fire and Police | Small Capitalization Equity | Public Equity | — | — | Russell 2000Russell 2000 Index | Our copy |
| Los Angeles Fire and Police | International Developed Equity | Public Equity | — | — | Morgan Stanley Capital International All Country World ex US , including CanadaMorgan Stanley Capital International All Country World Index ex U.S. (Gross), including Canada | Our copy |
| Los Angeles Fire and Police | Total Domestic Equity | Public Equity | — | — | Russell 3000Russell 3000 Index | Our copy |
| Los Angeles Fire and Police | Total International Equity | Public Equity | — | — | Morgan Stanley Capital International All Country World ex USMorgan Stanley Capital International All Country World Index ex U.S. (Gross) | Our copy |
| Los Angeles Fire and Police | Core Bonds | Fixed Income | — | — | Bloomberg US AggregateBloomberg U.S. Aggregate Bond Index | Our copy |
| Los Angeles Fire and Police | TIPS | Fixed Income | — | — | Bloomberg US TIPS 1-5 YearBloomberg U.S. TIPS 1-5 Year Index | Our copy |
| Los Angeles Fire and Police | High Yield Bonds | Fixed Income | — | — | ICE ICE BofA High Yield Master II ConstrainedICE Bank of America Merrill Lynch High Yield Master II Constrained Index | Our copy |
| Los Angeles Fire and Police | Long Duration | Fixed Income | — | — | Bloomberg US Long Government/Credit BondBloomberg U.S. Long Government/Credit Bond Index | Our copy |
| Los Angeles Fire and Police | MBS | Multi-Asset / Other | — | — | Bloomberg US MBSBloomberg US MBS Index | Our copy |
| Los Angeles Fire and Police | Unconstrained Fixed Income | Fixed Income | — | — | ICE BofA US 3-Month T-Bill rate plus 1%Merrill Lynch U.S. 3-month Treasury Bill rate plus 1% | Our copy |
| Los Angeles Fire and Police | Global Credit | Fixed Income | — | — | Custom benchmark: 50% Bloomberg Global Aggregate Credit USD Hedged, 16.7% ICE BofA Developed Markets High Yield USD, 16.7% JP Morgan Emerging Markets Bond Global Diversified USD, 16.7% S&P UBS Leveraged LoanCustom benchmark: 50% Bloomberg Global Aggregate Credit Index USD Hedged, 16.7% ICE BofA Developed Markets High Yield Index USD, 16.7% JP Morgan Emerging Markets Bond Index Global Diversified USD, 16.7% S&P UBS Leveraged Loan Index | Our copy |
| Los Angeles Fire and Police | Total Fixed Income | Fixed Income | — | — | Bloomberg US Universal BondBloomberg US Universal Bond Index | Our copy |
| Los Angeles Fire and Police | Real Estate (Private) | Real Estate | — | — | NCREIF ODCE + 50 bpsNFI-ODCE + 50 bps (Net) | Our copy |
| Los Angeles Fire and Police | Real Estate (Public) | Real Estate | — | — | 50% Dow Jones US Real Estate Securities and 50% FTSE EPRA/NAREIT Developed50% Dow Jones US Real Estate Securities Index (Gross) and 50% FTSE EPRA/NAREIT Developed Index (Gross) | Our copy |
| Los Angeles Fire and Police | Infrastructure | Real Assets / Infrastructure | — | — | Consumer Price plus 375 basis pointsConsumer Price Index plus 375 basis points | Our copy |
| Los Angeles Water and Power | Domestic Equity | Public Equity | 20.6% | 20.6% target, 17.5%-23.7% range (+/- 15%) | — | Our copy |
| Los Angeles Water and Power | International Equity | Public Equity | 17.2% | 17.2% target, 13.8%-20.6% range (+/- 20%) | — | Our copy |
| Los Angeles Water and Power | Global Equity | Public Equity | 4.2% | 4.2% target, 3.4%-5.0% range (+/- 20%) | — | Our copy |
| Los Angeles Water and Power | Fixed Income | Fixed Income | 20% | 25.0% target, 21.3%-28.8% range (+/- 15%) | — | Our copy |
| Los Angeles Water and Power | Private Credit | Private Credit / Debt | 5% | 5.0% target, 0.0%-7.5% range (+50/-100%) | Credit Suisse Leveraged Loan plus 200 basis pointsCredit Suisse Leveraged Loan Index plus 200 basis points | Our copy |
| Los Angeles Water and Power | Real Return | Real Assets / Infrastructure | 5% | 5.0% target, 0.0%-7.5% range (+50/-100%) | — | Our copy |
| Los Angeles Water and Power | Hedge Funds | Hedge Funds / Absolute Return | 5% | 5.0% target, 0.0%-7.5% range (+50/-100%) | — | Our copy |
| Los Angeles Water and Power | Real Estate | Real Estate | 10% | 10.0% target, 0.0%-15.0% range (+50/-100%) | NCREIF NPI plus 50 basis points (, rolling 5-year)NCREIF Property Index plus 50 basis points (net of fees, rolling 5-year) | Our copy |
| Los Angeles Water and Power | Private Equity | Private Equity | 12% | 12.0% target, 0.0%-18.0% range (+50/-100%) | Russell 3000 plus 300 basis pointsRussell 3000 Index plus 300 basis points | Our copy |
| Los Angeles Water and Power | Cash Equivalents | Cash | 1% | 1.0% target, 0.5%-1.5% range (+/-50%) | — | Our copy |
| Los Angeles Water and Power | Domestic Equity (Aggregate) | Fixed Income | — | — | Russell 3000Russell 3000 Index | Our copy |
| Los Angeles Water and Power | Domestic Equity - Large Cap Core (Passive) | Public Equity | — | — | Russell 1000Russell 1000 Index | Our copy |
| Los Angeles Water and Power | Domestic Equity - Large Cap Value (Active) | Public Equity | — | — | Russell 1000 ValueRussell 1000 Value Index | Our copy |
| Los Angeles Water and Power | Domestic Equity - Large Cap Growth (Active) | Public Equity | — | — | Russell 1000 GrowthRussell 1000 Growth Index | Our copy |
| Los Angeles Water and Power | Domestic Equity - Small Cap Value (Active) | Public Equity | — | — | Russell 2000 ValueRussell 2000 Value Index | Our copy |
| Los Angeles Water and Power | Domestic Equity - Small Cap Growth (Active) | Public Equity | — | — | Russell 2000 GrowthRussell 2000 Growth Index | Our copy |
| Los Angeles Water and Power | International Equity (Aggregate) | Fixed Income | — | — | MSCI ACWI ex-US IMI NDMSCI ACWI ex-U.S. IMI ND Index | Our copy |
| Los Angeles Water and Power | International Equity - Developed Markets (Passive) | Public Equity | — | — | MSCI World ex-US IMI NDMSCI World ex-U.S. IMI ND Index | Our copy |
| Los Angeles Water and Power | International Equity - Large Cap Developed Markets (Active) | Public Equity | — | — | MSCI World ex-US IMI NDMSCI World ex-U.S. IMI ND Index | Our copy |
| Los Angeles Water and Power | International Equity - Small Cap Developed Markets (Active) | Public Equity | — | — | MSCI ACWI ex-US Small NDMSCI ACWI ex-U.S. Small ND Index | Our copy |
| Los Angeles Water and Power | International Equity - Emerging Markets (Active) | Public Equity | — | — | MSCI Emerging Markets IMI NDMSCI Emerging Markets IMI ND Index | Our copy |
| Los Angeles Water and Power | Global Equity (Aggregate) | Fixed Income | — | — | MSCI ACWI IMI NDMSCI ACWI IMI ND Index | Our copy |
| Los Angeles Water and Power | Global Equity - Active | Public Equity | — | — | MSCI ACWI IMI NDMSCI ACWI IMI ND Index | Our copy |
| Los Angeles Water and Power | Fixed Income (Aggregate) | Fixed Income | — | — | Custom benchmark: 50% Barclays US Intermediate Aggregate ex. Credit, 27% Barclays Global Aggregate Credit (hedged), 9% ICE Developed Markets High Yield (hedged), 9% JPMorgan EMBI Global Diversified , 5% Morningstar LSTA Leveraged LoanCustom benchmark: 50% Barclays U.S. Intermediate Aggregate ex. Credit, 27% Barclays Global Aggregate Credit Index (hedged), 9% ICE Developed Markets High Yield Index (hedged), 9% JPMorgan EMBI Global Diversified Index, 5% Morningstar LSTA Leveraged Loan Index | Our copy |
| Los Angeles Water and Power | Fixed Income - Principal Protection | Fixed Income | — | — | Barclays US Intermediate Aggregate ex. CreditBarclays U.S. Intermediate Aggregate ex. Credit Index | Our copy |
| Los Angeles Water and Power | Fixed Income - Extended Global Credit | Fixed Income | — | — | 60% Barclays Global Aggregate Credit (hedged), 20% ICE Developed Markets High Yield (hedged), 20% JPMorgan EMBI Global Diversified60% Barclays Global Aggregate Credit Index (hedged), 20% ICE Developed Markets High Yield Index (hedged), 20% JPMorgan EMBI Global Diversified Index | Our copy |
| Los Angeles Water and Power | Fixed Income - U.S. Bank Loans | Fixed Income | — | — | Morningstar LSTA Leveraged LoanMorningstar LSTA Leveraged Loan Index | Our copy |
| Los Angeles Water and Power | Real Return - Passive Short Duration TIPS | Real Assets / Infrastructure | — | — | Bloomberg US TIPS 0-5 YearBloomberg US TIPS 0-5 Year Index | Our copy |
| Los Angeles Water and Power | Real Return - Commodities | Real Assets / Infrastructure | — | — | Bloomberg CommodityBloomberg Commodity Index | Our copy |
| Los Angeles Water and Power | Real Return - Timber | Real Assets / Infrastructure | — | — | NCREIF TimberlandNCREIF Timberland Index | Our copy |
| Los Angeles Water and Power | Hedge Funds (Primary) | Hedge Funds / Absolute Return | — | — | T-Bill plus 300 basis pointsT-Bills plus 300 basis points | Our copy |
| Los Angeles Water and Power | Hedge Funds (Secondary) | Hedge Funds / Absolute Return | — | — | HFRI FoF ConservativeHFRI FoF Conservative Index | Our copy |
| Los Angeles Water and Power | Real Estate - Public REITs | Real Estate | — | — | FTSE EPRA NAREIT Global DevelopedFTSE EPRA NAREIT Global Developed Index | Our copy |
| Los Angeles Water and Power | Infrastructure | Real Assets / Infrastructure | — | — | FT Wilshire Private Infrastructure plus 50 basis pointsFT Wilshire Private Infrastructure Index plus 50 basis points | Our copy |
| Los Angeles Water and Power | Death Benefits Fund | Multi-Asset / Other | — | — | 95% Barclays US Aggregate Bond , 5% FTSE 3-Month T-Bill95% Barclays US Aggregate Bond Index, 5% FTSE 3 Month Treasury Bill Index | Our copy |
| Los Angeles Water and Power | Disability Benefits Fund | Multi-Asset / Other | — | — | 95% Barclays US Aggregate Bond , 5% FTSE 3-Month T-Bill95% Barclays US Aggregate Bond Index, 5% FTSE 3 Month Treasury Bill Index | Our copy |
| Louisiana Firefighters | Large Cap U.S. Equities | Public Equity | 20% | 15–25% | S&P 500 | Our copy |
| Louisiana Firefighters | Small to Mid Cap U.S. Equities | Public Equity | 5% | 0–10% | 80% Russell 2500 / 20% DJ US Completion | Our copy |
| Louisiana Firefighters | International Equities | Public Equity | 10.5% | 5.5–15.5% | MSCI EAFE / MSCI ACWI ex US | Our copy |
| Louisiana Firefighters | Emerging Markets Int'l Equities | Public Equity | 4.5% | 0–9% | — | Our copy |
| Louisiana Firefighters | Global Equities | Public Equity | 10% | 5–15% | MSCI ACWI | Our copy |
| Louisiana Firefighters | Total Equity | Public Equity | 50% | 40–60% | — | Our copy |
| Louisiana Firefighters | Core Fixed Income | Fixed Income | 21% | 16–26% | — | Our copy |
| Louisiana Firefighters | US TIPS | Fixed Income | 2% | 0–4% | — | Our copy |
| Louisiana Firefighters | Emerging Market Debt | Fixed Income | 2% | 0–4% | — | Our copy |
| Louisiana Firefighters | Multisector Fixed Income | Fixed Income | 5% | 0–10% | 75% Bloomberg Global Aggregate / 25% Bloomberg Global High Yield | Our copy |
| Louisiana Firefighters | Total Fixed Income | Fixed Income | 30% | 20–40% | — | Our copy |
| Louisiana Firefighters | Private Equity | Private Equity | 8% | 3–13% | MSCI Global All Private EquityMSCI Global All Private Equity Index | Our copy |
| Louisiana Firefighters | Private Debt | Private Credit / Debt | 4% | 0–8% | MSCI Global CreditMSCI Global Credit Index | Our copy |
| Louisiana Firefighters | Real Estate | Real Estate | 4% | 0–8% | NCREIF ODCE | Our copy |
| Louisiana Firefighters | Real Assets | Real Assets / Infrastructure | 4% | 0–8% | MSCI Global InfrastructureMSCI Global Infrastructure Index | Our copy |
| Louisiana Firefighters | Total Alternatives | Multi-Asset / Other | 20% | 10–30% | — | Our copy |
| Louisiana Firefighters | Emerging International Equities | Public Equity | — | — | MSCI Emerging Markets | Our copy |
| Louisiana Firefighters | Domestic Core Fixed Income | Fixed Income | — | — | Bloomberg Aggregate | Our copy |
| Louisiana Firefighters | Domestic TIPS | Fixed Income | — | — | Bloomberg US TIPS | Our copy |
| Louisiana Firefighters | Emerging Market Debt (Blended Currency) | Fixed Income | — | — | 50% JPM EMBI Global Diversified / 50% JPM GBI-EM Global Diversified | Our copy |
| Louisiana Firefighters | Cash | Cash | — | — | 90-Day US T-Bill90-Day U.S. T-Bills | Our copy |
| Louisiana Municipal Police | Large Cap U.S. Equities | Public Equity | 16% | 11–21% | Russell 1000 | Our copy |
| Louisiana Municipal Police | Small/Mid Cap U.S. Equities | Public Equity | 8% | 3–13% | — | Our copy |
| Louisiana Municipal Police | Developed International Equities | Public Equity | 20% | 15–25% | — | Our copy |
| Louisiana Municipal Police | Emerging International Equities | Public Equity | 8% | 3–13% | MSCI Emerging Markets | Our copy |
| Louisiana Municipal Police | Total Equity | Public Equity | 52% | 43–63% | — | Our copy |
| Louisiana Municipal Police | Core Bonds | Fixed Income | 14% | 9–19% | — | Our copy |
| Louisiana Municipal Police | High Yield Bonds | Fixed Income | 2% | 0–7% | — | Our copy |
| Louisiana Municipal Police | Bank Loans | Fixed Income | 2% | 0–7% | — | Our copy |
| Louisiana Municipal Police | EMD (local currency) | Fixed Income | 4% | 0–9% | — | Our copy |
| Louisiana Municipal Police | Total Fixed Income | Fixed Income | 22% | 11–31% | — | Our copy |
| Louisiana Municipal Police | Private Equity | Private Equity | 5% | 0–10% | — | Our copy |
| Louisiana Municipal Police | Real Estate | Real Estate | 8% | 3–13% | NCREIF | Our copy |
| Louisiana Municipal Police | Real Assets (Liquid) | Real Assets / Infrastructure | 2% | 0–4% | — | Our copy |
| Louisiana Municipal Police | Hedge Funds | Hedge Funds / Absolute Return | 5% | 0–10% | HFRI Fund of Funds | Our copy |
| Louisiana Municipal Police | Total Alternatives | Multi-Asset / Other | 20% | 10–30% | — | Our copy |
| Louisiana Municipal Police | Global Tactical Asset Allocation | Hedge Funds / Absolute Return | 6% | 1–11% | — | Our copy |
| Louisiana Municipal Police | Total Other | Multi-Asset / Other | 6% | 1–11% | — | Our copy |
| Louisiana Municipal Police | Small to Mid Cap U.S. Equities | Public Equity | — | — | Russell 2500 | Our copy |
| Louisiana Municipal Police | International Equities | Public Equity | — | — | MSCI EAFE / MSCI ACWI ex US | Our copy |
| Louisiana Municipal Police | Domestic Fixed Income | Fixed Income | — | — | Bloomberg US AggregateBC Aggregate | Our copy |
| Louisiana Municipal Police | High Yield | Fixed Income | — | — | BC High YieldBC High Yield Index | Our copy |
| Louisiana Municipal Police | Bank Loan | Fixed Income | — | — | CSFB Leveraged Loans | Our copy |
| Louisiana Municipal Police | Emerging Market Debt | Fixed Income | — | — | JPM GBI-EM Global Diversified | Our copy |
| Louisiana Municipal Police | Private Equity/Debt | Private Equity | — | — | Cambridge Private EquityCambridge Associates Private Equity Index | Our copy |
| Louisiana Municipal Police | Global Asset Allocation | Multi-Asset / Other | — | — | 60% MSCI ACWI/40% Citi WGBI | Our copy |
| Louisiana Municipal Police | Real Assets | Real Assets / Infrastructure | — | — | CPI + 3% | Our copy |
| Louisiana Municipal Police | Cash | Cash | — | — | 90-Day US T-Bill90-Day U.S. T-Bills | Our copy |
| Louisiana SERS | Equities | Public Equity | 51% | 41–61% | — | Our copy |
| Louisiana SERS | Domestic Large Cap | Public Equity | 24% | 19–29% | S&P 500 , NASDAQ 100S&P 500 Index, NASDAQ 100 Index | Our copy |
| Louisiana SERS | Domestic Mid Cap | Public Equity | 5% | 2–8% | S&P Midcap 400S&P Midcap 400 Index | Our copy |
| Louisiana SERS | Domestic Small Cap | Public Equity | 5% | 2–8% | S&P 600S&P 600 Index | Our copy |
| Louisiana SERS | Established International (Lg Cap) | Multi-Asset / Other | 7% | 2–12% | MSCI EX-USA , MSCI EX-USA ValueMSCI EX-USA Index, MSCI EX-USA Value Index | Our copy |
| Louisiana SERS | Established International (Sm Cap) | Multi-Asset / Other | 4% | 0–8% | MSCI World EX-USA Sm CapMSCI World EX-USA Sm Cap Index | Our copy |
| Louisiana SERS | Emerging International Equity | Public Equity | 6% | 1–11% | MSCI Emerging MarketsMSCI Emerging Markets Index | Our copy |
| Louisiana SERS | Fixed Income | Fixed Income | 22% | 12–32% | — | Our copy |
| Louisiana SERS | Core Fixed Income | Fixed Income | 3% | 0–6% | BB BC US Aggregate BondBB BC US Aggregate Bond Index | Our copy |
| Louisiana SERS | Global Opportunistic Credit | Private Credit / Debt | 16% | 11–21% | 50% BB Barclays Global AGG / 50% BB Global High Yield50% BB Barclays Global AGG Index / 50% BB Global High Yield Index | Our copy |
| Louisiana SERS | Emerging Market Debt | Fixed Income | 3% | 0–6% | JP Morgan GBI-EM Global DiversifiedJP Morgan GBI-EM Global Diversified Index | Our copy |
| Louisiana SERS | Alternative Assets | Multi-Asset / Other | 27% | 17–37% | — | Our copy |
| Louisiana SERS | Private Markets | Multi-Asset / Other | 25% | 20–30% | — | Our copy |
| Louisiana SERS | Absolute Return | Hedge Funds / Absolute Return | 2% | 0–6% | HFRI Fund of FundsHFRI Fund of Funds Composite Index | Our copy |
| Louisiana SERS | Cash | Cash | 0% | 0–5% | 90-Day US T-Bill90 Day U.S. T-Bill | Our copy |
| Louisiana Schools | Public Equity | Public Equity | 0.25% | 15–35% | MSCI ACWI | Our copy |
| Louisiana Schools | Core Fixed Income | Fixed Income | 0.1% | 5–15% | Bloomberg US Aggregate | Our copy |
| Louisiana Schools | Opportunistic Credit | Private Credit / Debt | 0.15% | 5–25% | 50% US Leveraged Loans | 50% US High Yield | Our copy |
| Louisiana Schools | Private Equity | Private Equity | 0.25% | 15–35% | MSCI WorldMSCI World index | Our copy |
| Louisiana Schools | Real Estate | Real Estate | 0.08% | 5–15% | NCREIF Fund -ODCE (Equal Weighted)NCREIF Fund Index-ODCE (Equal Weighted) | Our copy |
| Louisiana Schools | Real Assets | Real Assets / Infrastructure | 0.07% | 5–15% | Consumer Price + 3%Consumer Price Index + 3% | Our copy |
| Louisiana Schools | Risk Mitigating Strategies | Multi-Asset / Other | 0.1% | 5–15% | Custom Risk Mitigating Benchmark | Our copy |
| Louisiana Teachers | Large/Mid Cap U.S. Equity | Public Equity | 15% | 10–22% | — | Our copy |
| Louisiana Teachers | Small Cap US Equity | Public Equity | 6.5% | 3–10% | — | Our copy |
| Louisiana Teachers | REITs | Real Estate | 1% | 0–4% | FTSE EPRA/NAREIT DevelopedFTSE EPRA/NAREIT Developed Index (Net) | Our copy |
| Louisiana Teachers | International (Non-U.S.) Equity | Public Equity | 8% | 4–14% | MSCI EAFE or MSCI World Ex US Small CapMSCI EAFE Index (Net) or MSCI World Ex US Small Cap (Net) | Our copy |
| Louisiana Teachers | Emerging Markets Equity | Public Equity | 3.5% | 0–7% | MSCI Emerging MarketsMSCI Emerging Markets Index (Net Dividends) | Our copy |
| Louisiana Teachers | Core U.S. Fixed Income | Fixed Income | 6% | 4–9% | Bloomberg US AggregateBloomberg U.S. Aggregate Index | Our copy |
| Louisiana Teachers | US High Yield Bonds | Fixed Income | 2% | 1–4% | ICE BofA US High YieldICE BofA US High Yield Index | Our copy |
| Louisiana Teachers | Non-U.S. Developed Bonds | Fixed Income | 2% | 1–4% | — | Our copy |
| Louisiana Teachers | Multi-Asset Credit | Fixed Income | 4% | 2–7% | 33.34% Morningstar LSTA US Leveraged Loan 100 + 33.33% ICE BofA US High Yield + 20.00% Bloomberg Global Aggregate-Securitized + 13.33% JPMorgan EMBI Global Diversified + 0.8%33.34% Morningstar LSTA US Leveraged Loan 100 Index + 33.33% ICE BofA U.S. High Yield Index + 20.00% Bloomberg Global Aggregate-Securitized Index + 13.33% JPMorgan EMBI Global Diversified Index + 80 basis points | Our copy |
| Louisiana Teachers | Core Real Estate | Real Estate | 8% | 0–13% | Expanded NCREIF NPIExpanded NCREIF Property Index | Our copy |
| Louisiana Teachers | Non-Core Real Estate | Real Estate | 7% | 2–12% | Expanded NCREIF NPI + 2%Expanded NCREIF Property Index + 200 basis points | Our copy |
| Louisiana Teachers | Corporate Finance/Buyouts | Private Equity | 12% | 5–19% | Russell 3000 + 3%Russell 3000 Index + 300 basis points | Our copy |
| Louisiana Teachers | Venture Capital | Private Equity | 7% | 0–11% | Russell 2000 Growth + 2%Russell 2000 Growth Index + 200 basis points | Our copy |
| Louisiana Teachers | Mezzanine | Multi-Asset / Other | 5% | 2–9% | ICE BofA US High Yield + 2%ICE BofA U.S. High Yield Index + 200 basis points | Our copy |
| Louisiana Teachers | Distressed Debt | Private Credit / Debt | 4% | 0–7% | ICE BofA US High Yield + 2%ICE BofA U.S. High Yield Index + 200 basis points | Our copy |
| Louisiana Teachers | Direct Lending | Private Credit / Debt | 3% | 0–6% | Morningstar LSTA Leveraged Loan 100 + 2%Morningstar LSTA Leveraged Loan 100 Index + 200 basis points | Our copy |
| Louisiana Teachers | Infrastructure | Real Assets / Infrastructure | 3% | 0–5% | Consumer Price + 5%Consumer Price Index + 500 basis points | Our copy |
| Louisiana Teachers | Commodities | Real Assets / Infrastructure | 1% | 0–3% | Bloomberg CommoditiesBloomberg Commodities Index | Our copy |
| Louisiana Teachers | Farmland | Real Assets / Infrastructure | 2% | 0–4% | NCREIF FarmlandNCREIF Farmland Index | Our copy |
| Louisiana Teachers | Opportunistic | Multi-Asset / Other | 0% | 0–5% | — | Our copy |
| Louisiana Teachers | Total Equities (including REITs) | Real Estate | — | 22–46% | — | Our copy |
| Louisiana Teachers | Total Fixed Income | Fixed Income | — | 6–22% | — | Our copy |
| Louisiana Teachers | Total Private Assets | Multi-Asset / Other | — | 10–47% | — | Our copy |
| Louisiana Teachers | Total Real Estate (ex REITs) | Real Estate | — | 5–25% | — | Our copy |
| Louisiana Teachers | Global Fixed Income | Fixed Income | — | — | Bloomberg Global Aggregate (unhedged)Bloomberg Global Aggregate Index (unhedged) | Our copy |
| MainePERS | Public Equity | Public Equity | 27.5% | 20–35% | Russell 3000 & MSCI ACWI ex-USA IMI, based on ACWI IMI weights | Our copy |
| MainePERS | Private Equity | Private Equity | 10% | 5–20% | Russell 3000 + 3% | Our copy |
| MainePERS | Risk Diversifiers | Multi-Asset / Other | 7.5% | 5–10% | 3-Month T-Bill + 3%3-Month Treasury Bill + 3% | Our copy |
| MainePERS | Real Assets | Real Assets / Infrastructure | 22.5% | 15–25% | CPI-U + 3% | Our copy |
| MainePERS | Alternative Credit | Private Credit / Debt | 15% | 10–20% | Morningstar LSTA US Leveraged LoanMorningstar LSTA US Leveraged Loan Index | Our copy |
| MainePERS | Public Fixed Income | Fixed Income | 17.5% | 12.5–25% | 40% Bloomberg US Aggregate ex-Government + 30% Bloomberg US Government Bond + 30% Bloomberg US TIPS40% Bloomberg Barclays US Aggregate ex-Government + 30% Bloomberg Barclays U.S. Government Bond Index + 30% Bloomberg U.S. TIPS Index | Our copy |
| MainePERS | Cash | Cash | 0% | 0–5% | — | Our copy |
| Maryland State Retirement and Pension System | U.S. Equity | Public Equity | 17% | — | — | Our copy |
| Maryland State Retirement and Pension System | International Developed Equity | Public Equity | 11% | — | — | Our copy |
| Maryland State Retirement and Pension System | International Emerging Markets | Public Equity | 6% | — | — | Our copy |
| Maryland State Retirement and Pension System | Private Equity | Private Equity | 16% | — | MSCI ACWI + 2%; State Street Private Equity CompositeMSCI ACWI + 200 bp; State Street Private Equity Composite | Our copy |
| Maryland State Retirement and Pension System | Long-Term Government Bonds | Fixed Income | 10% | — | — | Our copy |
| Maryland State Retirement and Pension System | Securitized Bonds | Fixed Income | 3% | — | — | Our copy |
| Maryland State Retirement and Pension System | Corporate Bonds | Fixed Income | 3% | — | — | Our copy |
| Maryland State Retirement and Pension System | Inflation-Linked Bonds | Real Assets / Infrastructure | 4% | — | — | Our copy |
| Maryland State Retirement and Pension System | High Yield Bonds & Bank Loans | Fixed Income | 8% | — | — | Our copy |
| Maryland State Retirement and Pension System | Emerging Market Debt | Fixed Income | 1% | — | — | Our copy |
| Maryland State Retirement and Pension System | Real Estate | Real Estate | 10% | — | NCREIF ODCE + 0.4%NCREIF ODCE (net) + 40bp | Our copy |
| Maryland State Retirement and Pension System | Natural Resources & Infrastructure | Real Assets / Infrastructure | 5% | — | 20% S&P Global Natural Resources, 80% DJ-Brookfield Infrastructure | Our copy |
| Maryland State Retirement and Pension System | Absolute Return | Hedge Funds / Absolute Return | 6% | 2–10%+/- 4 | Asset Weighted Combination of: 50% HFRI Relative Value , 25% HFRI Global Macro , 25% Event DrivenAsset Weighted Combination of: 50% HFRI Relative Value Index, 25% HFRI Global Macro Index, 25% Event Driven Index | Our copy |
| Maryland State Retirement and Pension System | Growth/Equity | Public Equity | — | +/- 7 | — | Our copy |
| Maryland State Retirement and Pension System | Rate Sensitive | Multi-Asset / Other | — | +/- 5 | 50% Barclays Long-Term Government, 15% Barclays Securitized, 15% Barclays Corporate, 20% Barclays US TIPS50% Barclays Long-Term Government, 15% Barclays Securitized, 15% Barclays Corporate, 20% Barclays U.S. TIPS | Our copy |
| Maryland State Retirement and Pension System | Credit | Fixed Income | — | +/- 4 | — | Our copy |
| Maryland State Retirement and Pension System | Real Assets | Real Assets / Infrastructure | — | +/- 4 | — | Our copy |
| Maryland State Retirement and Pension System | Private Equity Buyout | Private Equity | — | 60–90% | — | Our copy |
| Maryland State Retirement and Pension System | Private Equity Venture/Growth | Private Equity | — | 10–25% | — | Our copy |
| Maryland State Retirement and Pension System | Private Equity Special Situations | Private Equity | — | 10–30% | — | Our copy |
| Maryland State Retirement and Pension System | Real Estate Core | Real Estate | — | 50–100% | — | Our copy |
| Maryland State Retirement and Pension System | Real Estate Value Add | Real Estate | — | 0–25% | — | Our copy |
| Maryland State Retirement and Pension System | Real Estate Opportunistic | Real Estate | — | 0–25% | — | Our copy |
| Maryland State Retirement and Pension System | Real Estate REITs | Real Estate | — | 0–30% | — | Our copy |
| Maryland State Retirement and Pension System | Public Equity | Public Equity | — | — | 50% Russell 3000 , 32% MSCI World Ex-US, 18% MSCI EM50% Russell 3000 Index, 32% MSCI World Ex-U.S., 18% MSCI EM | Our copy |
| Maryland State Retirement and Pension System | Credit - U.S. | Fixed Income | — | — | 80% Barclays US High Yield, 20% S&P/LSTA Leveraged Loan80% Barclays U.S. High Yield, 20% S&P/LSTA Leveraged Loan | Our copy |
| Maryland State Retirement and Pension System | Credit - Non-U.S. | Fixed Income | — | — | 50% Bloomberg/Barclays EM Hard Sovereign, 50% Bloomberg/Barclays EM USD Agg Corp | Our copy |
| Massachusetts SRS | Total Global Equity | Public Equity | — | 31–41% | — | Our copy |
| Massachusetts SRS | Total Core Fixed Income | Fixed Income | — | 12–18% | — | Our copy |
| Massachusetts SRS | Value-Added Fixed Income | Fixed Income | — | 6–12% | — | Our copy |
| Massachusetts SRS | Private Equity | Private Equity | — | 13–19% | — | Our copy |
| Massachusetts SRS | Real Estate | Real Estate | — | 7–13% | — | Our copy |
| Massachusetts SRS | Timberland | Real Assets / Infrastructure | — | 1–7% | NCREIF TimberlandNCREIF Timberland Index | Our copy |
| Massachusetts SRS | Portfolio Completion | Multi-Asset / Other | — | 7–13% | — | Our copy |
| Miami Fire and Police | Public Domestic Equity | Public Equity | 32% | 20–40% | Russell 3000Russell 3000 Index | Our copy |
| Miami Fire and Police | Public Foreign Equity | Public Equity | 22% | 10–30% | MSCI EAFE | Our copy |
| Miami Fire and Police | Private Equity Fund of Funds | Private Equity | 4% | 0–8% | MSCI ACWI IMI + 2%MSCI ACWI IMI (1 Qtr lag) + 2% | Our copy |
| Miami Fire and Police | Private Debt | Private Credit / Debt | 3% | 0–6% | Bloomberg High Yield + 2%Bloomberg Barclays High Yield (1 Qtr lag) + 2% | Our copy |
| Miami Fire and Police | Investment Grade Bonds | Fixed Income | 18% | 12–25% | Bloomberg US AggregateBloomberg Barclays U.S. Aggregate | Our copy |
| Miami Fire and Police | Treasuries | Fixed Income | 5% | 2–8% | Bloomberg US Long TreasuryBloomberg Barclays U.S. Long Treasury Total Return | Our copy |
| Miami Fire and Police | High Yield Bonds | Fixed Income | 2% | 0–4% | ICE BofA US High YieldICE BofA US High Yield Total Return | Our copy |
| Miami Fire and Police | Bank Loans | Fixed Income | 2% | 0–4% | S&P UBS Leveraged LoanS&P UBS Leveraged Loan Index | Our copy |
| Miami Fire and Police | Real Estate | Real Estate | 9% | 6–12% | NCREIF ODCENCREIF OCDE | Our copy |
| Miami Fire and Police | Core Infrastructure | Real Assets / Infrastructure | 3% | 0–6% | CPI + 2% | Our copy |
| Michigan Municipal | Global Equity | Public Equity | 50% | 40–70% | MSCI ACWI IMIMSCI ACWI IMI (net) | Our copy |
| Michigan Municipal | Global Fixed Income | Fixed Income | 30% | 15–60% | 75% Bloomberg US Aggregate, 12.5% Bloomberg US High Yield, 12.5% J.P. Morgan EMBI Global Diversified75% Bloomberg U.S. Aggregate, 12.5% Bloomberg U.S. High Yield, 12.5% J.P. Morgan EMBI Global Diversified | Our copy |
| Michigan Municipal | Private Investments | Multi-Asset / Other | 20% | 5–30% | — | Our copy |
| Michigan Office of Retirement Services | Domestic Equity | Public Equity | 25% | 10–20% | S&P Composite 1500S&P Composite 1500 Index | Our copy |
| Michigan Office of Retirement Services | Private Equity | Private Equity | 16% | 13–27% | S&P 500 + 3% (with Venture Capital lagged by three months)S&P 500 Index + 300 basis points (with Venture Capital lagged by three months) | Our copy |
| Michigan Office of Retirement Services | International Equity | Public Equity | 15% | 7–13% | MSCI ACWI ex USAMSCI ACWI ex USA Index | Our copy |
| Michigan Office of Retirement Services | Real Return & Opportunistic | Real Assets / Infrastructure | 10% | 5–15% | — | Our copy |
| Michigan Office of Retirement Services | Long Term Fixed Income | Fixed Income | 13% | 20–30% | — | Our copy |
| Michigan Office of Retirement Services | Real Estate & Infrastructure | Real Estate | 10% | 5–15% | NCREIF NPI less 130 basis points / NCREIF Fund – Open End Diversified Core Equity (NCREIF ODCE)NCREIF Property Index less 130 basis points / NCREIF Fund Index – Open End Diversified Core Equity (NFI-ODCE) | Our copy |
| Michigan Office of Retirement Services | Absolute Return | Hedge Funds / Absolute Return | 9% | 10–20% | US T-Bill + 4% / HFN Fund of Funds Aggregate medianU.S. T-bills + 400 basis points / HFN Fund of Funds Aggregate Index median | Our copy |
| Michigan Office of Retirement Services | Short Term Fixed Income | Cash | 2% | 1–8% | 30-Day US T-Bill30-Day U.S. Treasury Bill | Our copy |
| Michigan Office of Retirement Services | Fixed Income | Fixed Income | — | — | Bloomberg US AggregateBloomberg Barclays U.S. Aggregate Index | Our copy |
| Michigan Office of Retirement Services | Real Return | Real Assets / Infrastructure | — | — | Custom benchmark (CPI + 4% annually)Custom benchmark (CPI + 400 basis points annually) | Our copy |
| Michigan Office of Retirement Services | Opportunistic | Multi-Asset / Other | — | — | Actuarial rate of return | Our copy |
| Milwaukee City ERS | Public Equity | Public Equity | 36% | 32–40% | — | Our copy |
| Milwaukee City ERS | Fixed Income | Fixed Income | 32% | 27%-35%/37% | — | Our copy |
| Milwaukee City ERS | Private Real Estate | Real Estate | 12% | 6–15% | — | Our copy |
| Milwaukee City ERS | Private Equity | Private Equity | 11% | 8–16% | — | Our copy |
| Milwaukee City ERS | Absolute Return | Hedge Funds / Absolute Return | 9% | 6–14% | — | Our copy |
| Milwaukee City ERS | Cash | Cash | — | 0–5% | — | Our copy |
| Milwaukee City ERS | Passive Domestic Equities (Large Cap) | Public Equity | — | — | S&P 500S&P 500 Index | Our copy |
| Milwaukee City ERS | Passive Index Value Domestic Equities | Public Equity | — | — | Russell 1000 ValueRussell 1000 Value Index | Our copy |
| Milwaukee City ERS | Active Large Capitalization Value Domestic Equities | Public Equity | — | — | Russell 1000 ValueRussell 1000 Value Index | Our copy |
| Milwaukee City ERS | Active Mid Capitalization Domestic Equities | Public Equity | — | — | Russell Mid CapRussell Mid Cap Index | Our copy |
| Milwaukee City ERS | Active Small Capitalization Value Domestic Equities | Public Equity | — | — | Russell 2000 ValueRussell 2000 Value Index | Our copy |
| Milwaukee City ERS | Active International Equities | Public Equity | — | — | MSCI EAFEMSCI EAFE Index | Our copy |
| Milwaukee City ERS | Active International Small Capitalization Equities | Public Equity | — | — | MSCI EAFE Small CapMSCI EAFE Small Cap (Net) Index | Our copy |
| Milwaukee City ERS | Active Emerging Markets Equities | Public Equity | — | — | MSCI Emerging MarketsMSCI Emerging Markets Index | Our copy |
| Milwaukee City ERS | Enhanced Index Core Global Equities | Public Equity | — | — | MSCI ACWIMSCI All Country World Index | Our copy |
| Milwaukee City ERS | Active Growth Global Equities | Public Equity | — | — | MSCI ACWIMSCI All Country World Index | Our copy |
| Milwaukee City ERS | Passive Fixed Income | Fixed Income | — | — | Bloomberg US Government BondBloomberg Barclays U.S. Government Bond Index | Our copy |
| Milwaukee City ERS | Opportunistic Fixed Income (Reams) | Fixed Income | — | — | Bloomberg AggregateBarclays Capital Aggregate Index | Our copy |
| Milwaukee City ERS | Opportunistic Fixed Income (Loomis Sayles) | Fixed Income | — | — | Bloomberg AggregateBloomberg Aggregate Index | Our copy |
| Milwaukee City ERS | Core Fixed Income | Fixed Income | — | — | Bloomberg US AggregateBloomberg U.S. Aggregate Index | Our copy |
| Milwaukee City ERS | Short-Term Fixed Income | Cash | — | — | Barclays 1-3 year Government/CreditBarclays 1-3 year Government/Credit Index | Our copy |
| Milwaukee City ERS | Hedge Fund of Funds (CMERS Low Beta) | Hedge Funds / Absolute Return | — | — | Secured Overnight Financing Rate (SOFR) + 4%Secured Overnight Financing Rate (SOFR) + 400 basis points | Our copy |
| Milwaukee City ERS | Hedge Fund of Funds (CMERS Low Beta 2) | Hedge Funds / Absolute Return | — | — | Not specified in guidelines | Our copy |
| Milwaukee County ERS | Core Fixed Income | Fixed Income | 13.5% | — | BarCap US AggregateBarCap U.S. Aggregate | Our copy |
| Milwaukee County ERS | Core Plus Fixed Income | Fixed Income | 8.5% | — | BarCap US AggregateBarCap U.S. Aggregate | Our copy |
| Milwaukee County ERS | Emerging Market Debt | Fixed Income | 3% | — | JP Morgan EMBI Global | Our copy |
| Milwaukee County ERS | Private Debt | Private Credit / Debt | 3.5% | — | S&P UBS Leveraged Loan | Our copy |
| Milwaukee County ERS | All-Cap Core | Public Equity | 20% | — | Russell 3000 | Our copy |
| Milwaukee County ERS | Large-Cap Value | Public Equity | 3.5% | — | Russell 1000 Value | Our copy |
| Milwaukee County ERS | Small-Cap Value | Public Equity | 2.5% | — | Russell 2000 Value | Our copy |
| Milwaukee County ERS | Large-Cap Non-U.S. | Public Equity | 14.5% | — | — | Our copy |
| Milwaukee County ERS | Emerging Markets Small-Cap | Public Equity | 1% | — | MSCI EM Small-Cap | Our copy |
| Milwaukee County ERS | Defensive Equity | Public Equity | 6% | — | HFRX Hedged Equity | Our copy |
| Milwaukee County ERS | Infrastructure - Core | Real Assets / Infrastructure | 10% | — | CPI + 4% | Our copy |
| Milwaukee County ERS | Private Equity - Diversified | Private Equity | 9% | — | S&P 500 | Our copy |
| Milwaukee County ERS | Private Real Estate - Core | Real Estate | 5% | — | — | Our copy |
| Milwaukee County ERS | Cash or Cash Equivalents | Cash | 0% | 0–5% | 91-Day T-Bill | Our copy |
| Milwaukee County ERS | Total Fixed Income | Fixed Income | — | 15–35% | BarCap US AggregateBarCap U.S. Aggregate | Our copy |
| Milwaukee County ERS | Total U.S. Equity | Public Equity | — | 21–31% | Wilshire 5000 | Our copy |
| Milwaukee County ERS | Total Non-U.S. Equity | Public Equity | — | 11–20% | ACWI ex USMSCI ACWI ex-U.S. | Our copy |
| Milwaukee County ERS | Total Hedged Equity | Public Equity | — | 0–10% | — | Our copy |
| Milwaukee County ERS | Total Equity | Public Equity | — | 30–65% | — | Our copy |
| Milwaukee County ERS | Total Infrastructure | Real Assets / Infrastructure | — | 6–14% | CPI + 4% | Our copy |
| Milwaukee County ERS | Total Private Equity | Private Equity | — | 5–20% | S&P 500 | Our copy |
| Milwaukee County ERS | Total Real Estate | Real Estate | — | 3–10% | NCREIF ODCENFI ODCE (NET) | Our copy |
| Milwaukee County ERS | Large-Cap, Non-U.S. | Public Equity | — | — | ACWI ex USMSCI ACWI ex-U.S. | Our copy |
| Milwaukee County ERS | Total Hedged Funds | Hedge Funds / Absolute Return | — | — | HFRX Hedged Equity | Our copy |
| Milwaukee County ERS | Real Estate – Core | Real Estate | — | — | NCREIF ODCENFI ODCE (NET) | Our copy |
| Minnesota State Board of Investment | Public Equity | Public Equity | 50% | 45–55% | 67% Russell 3000 and 33% MSCI ACWI ex USA Net Return (USD)67% Russell 3000 Index and 33% MSCI ACWI ex USA Net Return Index (USD) | Our copy |
| Minnesota State Board of Investment | Domestic Equity | Public Equity | 33.5% | 28–39% | Russell 3000Russell 3000 Index | Our copy |
| Minnesota State Board of Investment | International Equity | Public Equity | 16.5% | 14–19% | MSCI ACWI ex USA Net Return (USD)MSCI ACWI ex USA Net Return Index (USD) | Our copy |
| Minnesota State Board of Investment | Fixed Income and Cash | Fixed Income | 25% | 22.5–27.5% | 24% Bloomberg US Aggregate Bond , 24% Return-Seeking Fixed Income Benchmark, 40% Treasury Protection Benchmark, 12% ICE BofA US 3-Month T-Bill24% Bloomberg U.S. Aggregate Bond Index, 24% Return-Seeking Fixed Income Benchmark, 40% Treasury Protection Benchmark, 12% ICE BofA U.S. 3-Month Treasury Bill Index | Our copy |
| Minnesota State Board of Investment | Core/Core Plus Fixed Income | Fixed Income | 6% | 4–8% | Bloomberg US AggregateBloomberg U.S. Aggregate Bond Index | Our copy |
| Minnesota State Board of Investment | Return-Seeking Fixed Income | Fixed Income | 6% | 4–8% | 25% ICE BofA US Cash Pay High Yield Constrained , 25% S&P UBS Leveraged Loan , 25% JPM EMBI Global Diversified , 25% ICE BofA AA-BBB US Fixed and Floating Rate Asset-Backed Securities25% ICE BofA U.S. Cash Pay High Yield Constrained Index, 25% S&P UBS Leveraged Loan Index, 25% JPM EMBI Global Diversified Index, 25% ICE BofA AA-BBB U.S. Fixed and Floating Rate Asset-Backed Securities Index | Our copy |
| Minnesota State Board of Investment | Treasury Protection | Fixed Income | 10% | 5–15% | 80% Bloomberg US Treasury and 20% Bloomberg US Long Treasury80% Bloomberg U.S. Treasury Index and 20% Bloomberg U.S. Long Treasury Index | Our copy |
| Minnesota State Board of Investment | U.S. Treasury (Broad Maturity) | Fixed Income | 8% | 5–15% | Bloomberg US TreasuryBloomberg U.S. Treasury Index | Our copy |
| Minnesota State Board of Investment | U.S. Treasury - Long | Fixed Income | 2% | 0–5% | Bloomberg US Long TreasuryBloomberg U.S. Long Treasury Index | Our copy |
| Minnesota State Board of Investment | Cash Equivalents | Cash | 3% | 0–5% | ICE BofA 3 Mo US T-BillICE BofA U.S. 3-Month Treasury Bill Index | Our copy |
| Minnesota State Board of Investment | Private Markets | Multi-Asset / Other | 25% | 20–32% | — | Our copy |
| Minnesota State Board of Investment | Private Equity | Private Equity | 18% | 15–25% | MSCI Global Buyout Closed-End Fund (USD), lagged 1 quarterMSCI Global Buyout Closed-End Fund Index (USD), lagged 1 quarter | Our copy |
| Minnesota State Board of Investment | Private Credit | Private Credit / Debt | 3% | 0–6% | MSCI Global Private Credit Closed-End Fund (USD), lagged 1 quarterMSCI Global Private Credit Closed-End Fund Index (USD), lagged 1 quarter | Our copy |
| Minnesota State Board of Investment | Private Real Assets | Real Assets / Infrastructure | 2% | 0–4% | 75% MSCI Global Private Infrastructure Closed-End Fund (USD), lagged 1 quarter and 25% MSCI Global Private Natural Resources Closed-End Fund (USD), lagged 1 quarter75% MSCI Global Private Infrastructure Closed-End Fund Index (USD), lagged 1 quarter and 25% MSCI Global Private Natural Resources Closed-End Fund Index (USD), lagged 1 quarter | Our copy |
| Minnesota State Board of Investment | Private Real Estate | Real Estate | 2% | 0–4% | 50% Custom MSCI Global Private Opportunistic Real Estate Closed-End Fund Benchmark (USD), lagged 1 quarter and 50% Custom MSCI Global Private Value-Added Real Estate Closed-End Fund Benchmark (USD), lagged 1 quarter | Our copy |
| Minnesota State Board of Investment | Opportunistic | Multi-Asset / Other | — | 0–10% | Relevant blended benchmark, as applicable | Our copy |
| Minnesota State Board of Investment | Uninvested Private Markets | Multi-Asset / Other | — | — | 80% Public Equity Benchmark and 20% Bloomberg US Aggregate Bond80% Public Equity Benchmark and 20% Bloomberg U.S. Aggregate Bond Index | Our copy |
| Mississippi PERS | Public Equities | Public Equity | 57% | 52–62%±5% | — | Our copy |
| Mississippi PERS | Private Equity | Private Equity | 10% | 5–15%±5% | Cambridge Global Private Equity | Our copy |
| Mississippi PERS | Real Estate | Real Estate | 10% | 5–15%±5% | NCREIF TotalNCREIF Total Index | Our copy |
| Mississippi PERS | Private Infrastructure | Real Assets / Infrastructure | 2% | 0–4%±2% | FTSE Developed Core Developed 50/50FTSE Developed Core Developed 50/50 Index | Our copy |
| Mississippi PERS | Fixed Income | Fixed Income | 18% | 13–23%±5% | Bloomberg Aggregate | Our copy |
| Mississippi PERS | Private Credit | Private Credit / Debt | 2% | 0–4%±2% | 50% Morningstar Leverage Loans, 50% Bloomberg High Yield Corp, + 1% | Our copy |
| Mississippi PERS | Cash Equivalents | Cash | 1% | 0–2%±1% | FTSE 1 Mo T-Bill | Our copy |
| Mississippi PERS | U.S. Equity | Public Equity | — | — | Russell 3000Russell 3000 Index | Our copy |
| Mississippi PERS | Non-U.S. Equity | Public Equity | — | — | MSCI ACWI ex US IMI | Our copy |
| Mississippi PERS | Global Equity | Public Equity | — | — | MSCI ACWI IMI | Our copy |
| Mississippi PERS | Public Equities (composite) | Public Equity | — | — | 44% Russell 3000 , 36% MSCI ACWI ex US IMI , and 20% MSCI ACWI IMI44% Russell 3000 Index, 36% MSCI ACWI ex US IMI Index, and 20% MSCI ACWI IMI | Our copy |
| Mississippi PERS | Emerging Markets Debt | Fixed Income | — | — | EMBI Global Diversified | Our copy |
| Mississippi PERS | Core-Plus Fixed Income | Fixed Income | — | — | Bloomberg Aggregate | Our copy |
| Mississippi PERS | U.S. Core Fixed Income | Fixed Income | — | — | Bloomberg Aggregate | Our copy |
| Mississippi PERS | Global Fixed Income | Fixed Income | — | — | Bloomberg Global Aggregate (hedged) | Our copy |
| Mississippi PERS | Short Duration Fixed Income | Fixed Income | — | — | Bloomberg Gov/Credit 1-3 Year | Our copy |
| Mississippi PERS | Real Estate Core | Real Estate | — | — | NCREIF ODCE Equal WeightNFI-ODCE Equal Weight | Our copy |
| Mississippi PERS | Real Estate Value-Added | Real Estate | — | — | NCREIF TotalNCREIF Total Index | Our copy |
| Mississippi PERS | Real Estate REITs | Real Estate | — | — | US Select REIT/NAREIT | Our copy |
| Missouri DOT and Highway Patrol | Equities | Public Equity | 50% | — | — | Our copy |
| Missouri DOT and Highway Patrol | Public Equity | Public Equity | 40% | 32.5–47.5% | MSCI ACWIMSCI ACWI Index | Our copy |
| Missouri DOT and Highway Patrol | Private Equity | Private Equity | 10% | 2.5–17.5% | S&P500 + 3% | Our copy |
| Missouri DOT and Highway Patrol | Rates & Credit | Fixed Income | 30% | — | — | Our copy |
| Missouri DOT and Highway Patrol | Traditional Fixed Income | Fixed Income | 22.5% | 15–30% | Barclays Govt./CreditBarclays Govt./Credit Index | Our copy |
| Missouri DOT and Highway Patrol | Opportunistic Debt | Fixed Income | 7.5% | 0–15% | Barclays US Corp. High YieldBarclays U.S. Corp. High Yield | Our copy |
| Missouri DOT and Highway Patrol | Real Assets | Real Assets / Infrastructure | 20% | 2.5–17.5% | CPI + 4% | Our copy |
| Missouri DOT and Highway Patrol | Real Estate | Real Estate | 10% | 2.5–17.5% | NCREIF ODCENFI-ODCE | Our copy |
| Missouri DOT and Highway Patrol | Real Assets (commodities/infrastructure) | Real Assets / Infrastructure | 10% | — | — | Our copy |
| Missouri DOT and Highway Patrol | Inflation Protected Securities | Real Assets / Infrastructure | — | — | Bloomberg US TIPSBarclays Capital U.S. TIPS Index | Our copy |
| Missouri DOT and Highway Patrol | Long Duration Securities | Fixed Income | — | — | Barclays Long Duration US Government CreditBarclays Long Duration U.S. Government Credit Index | Our copy |
| Missouri DOT and Highway Patrol | Core Fixed Income Securities | Fixed Income | — | — | Barclays US Government CreditBarclays U.S. Government Credit Index | Our copy |
| Missouri DOT and Highway Patrol | Natural Resources Program | Real Assets / Infrastructure | — | — | Real Assets Allocation benchmark (CPI + 4%) | Our copy |
| Missouri State Employees | Global Public Equities | Public Equity | 40% | 30–50% | MSCI ACWI (ACWI) ex-ChinaMSCI All Country World Index (ACWI) ex-China Index | Our copy |
| Missouri State Employees | Global Private Equities | Public Equity | 15% | 10–20% | Custom weighted blend of MSCI ACWI ex-China and Burgiss Private Equity – Buyout weighted by Vintage Year and legacy Private Equities (benchmarked to itself)Custom weighted blend of MSCI ACWI ex-China Index and Burgiss Private Equity Index – Buyout weighted by Vintage Year and legacy Private Equities (benchmarked to itself) | Our copy |
| Missouri State Employees | U.S. Treasuries | Fixed Income | 20% | 15–25% | Bloomberg 7-10 Year TreasuryBloomberg 7-10 Year Treasury Index | Our copy |
| Missouri State Employees | Private Credit | Private Credit / Debt | 10% | 5–15% | Morningstar Loan Syndications and Trading Association (LSTA) US Leveraged Loan + 1% (LSTA LL)Morningstar Loan Syndications and Trading Association (LSTA) U.S. Leveraged Loan Index + 1% (LSTA LL) | Our copy |
| Missouri State Employees | Private Real Estate | Real Estate | 5% | 0–10% | National Council of Real Estate Investment Fiduciaries (NCREIF) Open End Diversified Core Equity (ODCE) NCREIF ODCENational Council of Real Estate Investment Fiduciaries (NCREIF) Open End Diversified Core Equity (ODCE) NCREIF ODCE Index | Our copy |
| Missouri State Employees | Private Real Assets | Real Assets / Infrastructure | 5% | 0–10% | S&P Global InfrastructureS&P Global Infrastructure Index | Our copy |
| Missouri State Employees | Alternative Beta | Multi-Asset / Other | 15% | 10–20% | Hedge Fund Research, Inc. HFRX Macro/Commodity Trading Advisor (CTA)Hedge Fund Research, Inc. HFRX Macro/Commodity Trading Advisor (CTA) Index | Our copy |
| Missouri State Employees | Cash | Cash | 0% | 0–2% | — | Our copy |
| Missouri PSRS/PEERS | U.S. Public Equity Program | Public Equity | 27% | 16–48% | — | Our copy |
| Missouri PSRS/PEERS | Public Credit Program | Fixed Income | 7% | 0–20% | Barclays US Intermediate CreditBarclays U.S. Intermediate Credit Index | Our copy |
| Missouri PSRS/PEERS | Hedged Asset Program | Multi-Asset / Other | 6% | 0–25% | Customized Hedged Asset Benchmark (25% Russell 3000 , 25% MSCI ACWI Ex-US.A , 50% Barclays US Intermediate Credit )Customized Hedged Asset Benchmark (25% Russell 3000 Index, 25% MSCI ACWI Ex-U.S.A Index, 50% Barclays U.S. Intermediate Credit Index) | Our copy |
| Missouri PSRS/PEERS | Non-U.S. Public Equity Program | Public Equity | 15% | 8–28% | MSCI ACWI Ex-US.AMSCI ACWI Ex-U.S.A Index | Our copy |
| Missouri PSRS/PEERS | Public Risk Assets | Multi-Asset / Other | 55% | 35–75% | — | Our copy |
| Missouri PSRS/PEERS | U.S. Treasury Securities | Fixed Income | 16% | 0–40% | Barclays US TreasuryBarclays U.S. Treasury Index | Our copy |
| Missouri PSRS/PEERS | U.S. Treasury Inflation Protected Securities (TIPS) | Real Assets / Infrastructure | 4% | 0–40% | Barclays US TIPS 1-10 YearsBarclays U.S. TIPS 1-10 Years Index | Our copy |
| Missouri PSRS/PEERS | Cash Equivalents | Cash | 0% | 0–10% | — | Our copy |
| Missouri PSRS/PEERS | Safe Assets | Multi-Asset / Other | 20% | 10–40% | — | Our copy |
| Missouri PSRS/PEERS | Private Equity Program | Private Equity | 12% | 4–15% | Russell 3000 (with custom benchmark for long-term returns including MSCI AC World Free Ex-US )Russell 3000 Index (with custom benchmark for long-term returns including MSCI AC World Free Ex-U.S. Index) | Our copy |
| Missouri PSRS/PEERS | Private Real Estate Program | Real Estate | 9% | 4–12% | NCREIF Fund – Open End Diversified Core Equity (NCREIF ODCE)NCREIF Fund Index – Open End Diversified Core Equity (NFI-ODCE) | Our copy |
| Missouri PSRS/PEERS | Private Credit Program | Private Credit / Debt | 4% | 0–8% | ICE BofA High Yield Master IIMerrill Lynch High Yield Master II Index | Our copy |
| Missouri PSRS/PEERS | Private Risk Assets | Multi-Asset / Other | 25% | 10–30% | — | Our copy |
| Missouri PSRS/PEERS | Large-Cap U.S. Public Equity Program | Public Equity | — | — | Russell 1000Russell 1000 Index | Our copy |
| Missouri PSRS/PEERS | Small-Cap U.S. Public Equity Program | Public Equity | — | — | Russell 2000Russell 2000 Index | Our copy |
| Montgomery County ERS | Global Public Equity | Public Equity | 25% | 22–28% | — | Our copy |
| Montgomery County ERS | Private Equity | Private Equity | 18% | 15–21% | — | Our copy |
| Montgomery County ERS | Private Credit | Private Credit / Debt | 9% | 6–12% | — | Our copy |
| Montgomery County ERS | U.S. High Yield Bonds | Fixed Income | 3.5% | 2–5% | — | Our copy |
| Montgomery County ERS | Emerging Markets Debt | Fixed Income | 1.5% | 0–3% | — | Our copy |
| Montgomery County ERS | Long Duration U.S. Treasury Bonds | Fixed Income | 2.5% | 1–4% | — | Our copy |
| Montgomery County ERS | U.S. Treasury Bonds | Fixed Income | 6.5% | 3.5–9.5% | — | Our copy |
| Montgomery County ERS | U.S. Investment Grade Corporate Bonds | Fixed Income | 5% | 2–8% | — | Our copy |
| Montgomery County ERS | U.S. TIPS | Fixed Income | 10% | 7–13% | — | Our copy |
| Montgomery County ERS | Diversifying Hedge Funds | Hedge Funds / Absolute Return | 4% | 2.5–5.5% | — | Our copy |
| Montgomery County ERS | Private Real Assets | Real Assets / Infrastructure | 14% | 11–17% | — | Our copy |
| Montgomery County ERS | Cash | Cash | 1% | 0.5–1.5% | — | Our copy |
| Nashville-Davidson ERS | Domestic Equity | Public Equity | 17% | 12–22% | — | Our copy |
| Nashville-Davidson ERS | International Equity | Public Equity | 12% | 7–17% | ACWI ex USMSCI All Country World ex USA (net) | Our copy |
| Nashville-Davidson ERS | Fixed Income | Fixed Income | 25% | 17–33% | Bloomberg US AggregateBloomberg Barclays U.S. Aggregate TR | Our copy |
| Nashville-Davidson ERS | Private Debt | Private Credit / Debt | 17% | 12–20% | ICE BofA High Yield Master IIBank of America Merrill Lynch High Yield Master II | Our copy |
| Nashville-Davidson ERS | Real Assets | Real Assets / Infrastructure | 9% | 5–12% | — | Our copy |
| Nashville-Davidson ERS | Private Equity | Private Equity | 20% | 15–23% | Russell 2000 | Our copy |
| Nashville-Davidson ERS | Cash | Cash | 0% | 0–5% | 3-Month T-BillFinancial Times Stock Exchange (FTSE) T-Bill 3 Months TR | Our copy |
| Nashville-Davidson ERS | Total Domestic Equity | Public Equity | — | — | Russell 3000 | Our copy |
| Nashville-Davidson ERS | Real Estate | Real Estate | — | — | NCREIFNational Council of Real Estate Investment Fiduciaries Property Index (NCREIF) | Our copy |
| Nebraska Schools | Total Equity | Public Equity | 49% | 46–52% | — | Our copy |
| Nebraska Schools | U.S. Equity | Public Equity | 20.5% | 17.5–23.5% | DJ US Total Stock MarketDJ US Total Stock Market Index | Our copy |
| Nebraska Schools | Global Equity | Public Equity | 18.5% | 15.5–21.5% | MSCI ACWI IMIMSCI All Country World IMI | Our copy |
| Nebraska Schools | Non-U.S. Equity | Public Equity | 10% | 7–13% | MSCI ACWI ex US IMIMSCI All Country World Index ex-U.S. IMI | Our copy |
| Nebraska Schools | Total Fixed Income | Fixed Income | 38.5% | 35.5–41.5% | — | Our copy |
| Nebraska Schools | Core Bonds | Fixed Income | 30% | 27–33% | Bloomberg US Aggregate BondBloomberg US Aggregate Bond Index | Our copy |
| Nebraska Schools | Return-Seeking | Multi-Asset / Other | 8.5% | 5.5–11.5% | Blended benchmark (25% Bloomberg US Credit , 25% ICE BofA ML HY Master II , 25% JP Morgan EMBI Global Diversified , 25% S&P UBS Global Leveraged Loan USD hedged)Blended benchmark (25% Bloomberg US Credit Index, 25% ICE BofA ML HY Master II Index, 25% JP Morgan EMBI Global Diversified Index, 25% S&P UBS Global Leveraged Loan Index USD hedged) | Our copy |
| Nebraska Schools | Total Real Assets | Real Assets / Infrastructure | 7.5% | — | — | Our copy |
| Nebraska Schools | Real Estate | Real Estate | 5.5% | — | NCREIF ODCENFI-ODCE Index | Our copy |
| Nebraska Schools | Infrastructure | Real Assets / Infrastructure | 2% | — | CPI-U + 4% | Our copy |
| Nebraska Schools | Private Equity | Private Equity | 5% | — | DJ US Total Stock Market + 3% netDJ US Total Stock Market Index + 3% net | Our copy |
| Nebraska State | Total Equity | Public Equity | 49% | 46–52% | — | Our copy |
| Nebraska State | U.S. Equity | Public Equity | 20.5% | 17.5–23.5% | DJ US Total Stock MarketDJ US Total Stock Market Index | Our copy |
| Nebraska State | Global Equity | Public Equity | 18.5% | 15.5–21.5% | MSCI ACWI IMIMSCI All Country World IMI | Our copy |
| Nebraska State | Non-U.S. Equity | Public Equity | 10% | 7–13% | MSCI ACWI ex US IMIMSCI All Country World Index ex-U.S. IMI | Our copy |
| Nebraska State | Total Fixed Income | Fixed Income | 38.5% | 35.5–41.5% | — | Our copy |
| Nebraska State | Core Bonds | Fixed Income | 30% | 27–33% | Bloomberg US Aggregate BondBloomberg US Aggregate Bond Index | Our copy |
| Nebraska State | Return-Seeking | Multi-Asset / Other | 8.5% | 5.5–11.5% | Blended benchmark (25% Bloomberg US Credit , 25% ICE BofA ML HY Master II , 25% JP Morgan EMBI Global Diversified , 25% S&P UBS Global Leveraged Loan USD hedged)Blended benchmark (25% Bloomberg US Credit Index, 25% ICE BofA ML HY Master II Index, 25% JP Morgan EMBI Global Diversified Index, 25% S&P UBS Global Leveraged Loan Index USD hedged) | Our copy |
| Nebraska State | Total Real Assets | Real Assets / Infrastructure | 7.5% | — | — | Our copy |
| Nebraska State | Real Estate | Real Estate | 5.5% | — | NCREIF ODCENFI-ODCE Index | Our copy |
| Nebraska State | Infrastructure | Real Assets / Infrastructure | 2% | — | CPI-U + 4% | Our copy |
| Nebraska State | Private Equity | Private Equity | 5% | — | DJ US Total Stock Market + 3% netDJ US Total Stock Market Index + 3% net | Our copy |
| Nevada PERS | U.S. Equity | Public Equity | 34% | — | S&P 500S&P 500 Index | Our copy |
| Nevada PERS | International Equity | Public Equity | 14% | — | MSCI World ex USAMSCI World ex USA Index | Our copy |
| Nevada PERS | U.S. Bonds | Fixed Income | 34% | — | Bloomberg US TreasuryBloomberg U.S. Treasury Index | Our copy |
| Nevada PERS | Private Markets | Multi-Asset / Other | 15% | 10–20% | — | Our copy |
| Nevada PERS | Short-term Investments | Cash | 3% | 1–5% | Prevailing short-term rates | Our copy |
| Nevada PERS | Private Real Estate | Real Estate | 10% | — | Expanded NCREIF NPI less 0.75% per yearExpanded NCREIF Property Index less 0.75% per year | Our copy |
| Nevada PERS | Private Equity | Private Equity | 5% | — | S&P 500 +3% per yearS&P 500 Index +3% per year | Our copy |
| Nevada PERS | U.S. Equity (Liquid Asset) | Public Equity | — | 39.3–45.9% | — | Our copy |
| Nevada PERS | International Equity (Liquid Asset) | Public Equity | — | 15.3–19.2% | — | Our copy |
| New Hampshire RS | Global Equity | Public Equity | 40% | 30–50% | MSCI ACWI IMI (All Country World IMI)MSCI ACWI IMI (All Country World Index Investable Market Index) | Our copy |
| New Hampshire RS | Global Fixed Income | Fixed Income | 25% | 18–32% | Bloomberg Capital US Universal BondBloomberg Barclays Capital U.S. Universal Bond Index | Our copy |
| New Hampshire RS | Private Equity | Private Equity | 10% | 5–15% | Russell 3000 + 2.0%Russell 3000 Index + 2.0% | Our copy |
| New Hampshire RS | Private Credit | Private Credit / Debt | 10% | 0–15% | 50% S&P/LSTA US Leveraged Loan 100 and 50% Bloomberg High Yield + 1.0%50% S&P/LSTA U.S. Leveraged Loan 100 Index and 50% Bloomberg High Yield Index + 1.0% | Our copy |
| New Hampshire RS | Infrastructure | Real Assets / Infrastructure | 5% | 0–10% | Consumer Price + 4%Consumer Price Index + 4% | Our copy |
| New Hampshire RS | Real Estate | Real Estate | 10% | 5–20% | NCREIF NCREIF ODCE ()NCREIF NFI-ODCE Index (net of fees) | Our copy |
| New Hampshire RS | Cash | Cash | 0% | 0–5% | — | Our copy |
| New Hampshire RS | Domestic Equity | Public Equity | — | — | Russell 3000Russell 3000 Index | Our copy |
| New Hampshire RS | Non-U.S Equity | Public Equity | — | — | MSCI ACWI ex USA IMIMSCI ACWI ex USA IMI Index | Our copy |
| New Hampshire RS | Cash Equivalents | Cash | — | — | Three-month T-BillThree-month Treasury Bill Index | Our copy |
| New Mexico Educational | Domestic Equities | Public Equity | 19% | 9–35% | — | Our copy |
| New Mexico Educational | International Equities | Public Equity | 8% | 4–20% | — | Our copy |
| New Mexico Educational | Total Equities | Public Equity | 27% | 13–55% | — | Our copy |
| New Mexico Educational | Opportunistic Credit | Private Credit / Debt | 18% | 0–35% | 50% ICE BofA US High Yield BB-B (2% constrained) / 50% CSFB Leveraged Loan50% Merrill Lynch U.S. High Yield BB-B (2% constrained)/50% CSFB Levered Loan Index | Our copy |
| New Mexico Educational | Core Bonds | Fixed Income | 6% | 2–25% | FTSE / Russell USBIGFTSE / Russell USBIG Index | Our copy |
| New Mexico Educational | Total Fixed Income | Fixed Income | 24% | 2–60% | — | Our copy |
| New Mexico Educational | Real Estate/REITs | Real Estate | 8% | 0–15% | NCREIF NPI / MSCI US REITNCREIF Property Index / MSCI US REIT (Gross) | Our copy |
| New Mexico Educational | Real Assets | Real Assets / Infrastructure | 13% | 0–25% | CPI + 4% | Our copy |
| New Mexico Educational | Private Equity | Private Equity | 16% | 0–35% | State Street Private Equity (All PE)State Street Private Equity Index (All PE) | Our copy |
| New Mexico Educational | Diversifying Assets | Hedge Funds / Absolute Return | 11% | 0–18% | SOFR + 2%SOFR +200 basis points | Our copy |
| New Mexico Educational | Total Alternatives | Multi-Asset / Other | 48% | 10–65% | — | Our copy |
| New Mexico Educational | Cash | Cash | 1% | 0–25% | — | Our copy |
| New Mexico Educational | Domestic Equities - Large Cap | Public Equity | — | — | S&P 500 | Our copy |
| New Mexico Educational | Domestic Equities - Small/mid Cap | Public Equity | — | — | Russell 2500 | Our copy |
| New Mexico Educational | International Equities - Developed | Public Equity | — | — | MSCI EAFE | Our copy |
| New Mexico Educational | International Equities - Emerging Markets | Public Equity | — | — | MSCI Emerging Markets | Our copy |
| New Mexico PERA | Global Equity | Public Equity | 46% | 41–51% | — | Our copy |
| New Mexico PERA | Core Fixed Income | Fixed Income | 13% | 10–16% | Bloomberg US AggregateBloomberg U.S. Aggregate Bond Index | Our copy |
| New Mexico PERA | Credit | Fixed Income | 17% | 13–21% | — | Our copy |
| New Mexico PERA | Absolute Return | Hedge Funds / Absolute Return | 6% | 3–9% | — | Our copy |
| New Mexico PERA | Real Assets | Real Assets / Infrastructure | 18% | 14–22% | — | Our copy |
| New Mexico PERA | Global Public Stock | Public Equity | — | — | MSCI ACWI IMI ($net) | Our copy |
| New Mexico PERA | Private Equity | Private Equity | — | — | MSCI ACWI IMI ($net) | Our copy |
| New Mexico PERA | Liquid Credit | Fixed Income | — | — | Bloomberg High Yield 2% Issuer Constrained | Our copy |
| New Mexico PERA | Illiquid Credit | Fixed Income | — | — | Morningstar LSTA Leveraged LoanMorningstar LSTA Leveraged Loan Index | Our copy |
| New Mexico PERA | Hedge Funds | Hedge Funds / Absolute Return | — | — | SOFR + 2.5% | Our copy |
| New Mexico PERA | Illiquid Real Estate | Real Estate | — | — | FTSE EPRA Nareit Global EquityFTSE EPRA Nareit Global Equity Index | Our copy |
| New Mexico PERA | Illiquid Real Assets | Real Assets / Infrastructure | — | — | S&P / Dow Jones Brookfield Global InfrastructureS&P / Dow Jones Brookfield Global Infrastructure Index | Our copy |
| New York City ERS | Domestic Equity | Public Equity | 32.6% | 28.6–36.6%+/-4% | — | Our copy |
| New York City ERS | International - EAFE | Public Equity | 10% | 7–13%+/-3% | — | Our copy |
| New York City ERS | International - Emerging Markets | Public Equity | 6.9% | 4.9–8.9%+/-2% | — | Our copy |
| New York City ERS | Hedge Funds | Hedge Funds / Absolute Return | 4% | 2–6%+/-2% | 1yr T-Bill yield + 4%1yr Treasury Bill yield + 4% | Our copy |
| New York City ERS | Private Equity | Private Equity | 7% | 5–9%+/-2% | Russell 3000 + 3%Russell 3000 Index + 300 bps | Our copy |
| New York City ERS | Real Assets | Real Assets / Infrastructure | 6% | 4–8%+/-2% | — | Our copy |
| New York City ERS | Core +5 Fixed-Income | Fixed Income | 19% | 14–24%+/-5% | — | Our copy |
| New York City ERS | Enhanced Yield | Fixed Income | 4% | 2–6%+/-2% | Citi BB & B Fixed IncomeCitigroup BB & B Fixed Income Index | Our copy |
| New York City ERS | Opportunistic Fixed | Multi-Asset / Other | 5% | +2/-5% | — | Our copy |
| New York City ERS | TIPS | Fixed Income | 4.5% | 3–6%+/-1.5% | Bloomberg US Inflation-LinkedBarclays Capital U.S. Inflation-Linked Index | Our copy |
| New York City ERS | Convertible Bonds | Fixed Income | 1% | 0–2%+/-1% | ICE BofA All US Convertibles ex-MandatoryBank of America Merrill Lynch All US Convertibles ex-Mandatory Index | Our copy |
| New York City ERS | Total Equity | Public Equity | 66.5% | 61.5–71.5%+/-5% | — | Our copy |
| New York City ERS | Total Fixed-Income | Fixed Income | 33.5% | 28.5–38.5%+/-5% | — | Our copy |
| New York City ERS | US Equity | Public Equity | — | — | Russell 3000Russell 3000 Index | Our copy |
| New York City ERS | EAFE | Public Equity | — | — | MSCI EAFEMorgan Stanley Capital International EAFE Index (Net) | Our copy |
| New York City ERS | EAFE Small Cap | Public Equity | — | — | S&P EPAC Small CapS&P EPAC Small Cap Index | Our copy |
| New York City ERS | Emerging Markets Equities | Public Equity | — | — | NYCERS FTSE Custom Emerging MarketsNYCERS FTSE Custom Emerging Markets Index | Our copy |
| New York City ERS | Core+ 5 | Fixed Income | — | — | Citi Core +5 Fixed IncomeCitigroup Core +5 Fixed Income Index | Our copy |
| New York City ERS | Leveraged Loans | Fixed Income | — | — | Credit Suisse Leveraged LoansCredit Suisse Leveraged Loans Index | Our copy |
| New York City ERS | Opportunistic Fixed Income | Fixed Income | — | — | 10% Absolute Annual Return | Our copy |
| New York City ERS | Real Estate | Real Estate | — | — | NFI - ODCE + 1%NFI - ODCE Index +100bps(net) | Our copy |
| New York City ERS | Infrastructure | Real Assets / Infrastructure | — | — | Consumer Price (CPI) plus 4%Consumer Price Index (CPI) plus 4% (net) | Our copy |
| New York State Teachers | Domestic Equity | Public Equity | 33% | 29–37% | S&P Composite 1500S&P Composite 1500 Index | Our copy |
| New York State Teachers | International Equity | Public Equity | 15% | 11–19% | MSCI ACWI ex-USMSCI ACWI Ex-U.S. Index | Our copy |
| New York State Teachers | Global Equity | Public Equity | 4% | 0–8% | MSCI ACWIMSCI ACWI Index | Our copy |
| New York State Teachers | Domestic Fixed Income | Fixed Income | 16% | 12–20% | Bloomberg US Aggregate Float Adjusted BondBloomberg U.S. Aggregate Float Adjusted Bond Index | Our copy |
| New York State Teachers | Real Estate Equity | Real Estate | 11% | 6–16% | NCREIF-ODCENCREIF-ODCE Index | Our copy |
| New York State Teachers | Real Estate Debt | Real Estate | 6% | 2–10% | Giliberto-Levy CustomGiliberto-Levy Custom Index | Our copy |
| New York State Teachers | Private Equity | Private Equity | 9% | 4–14% | S&P 500 (Plus 5%)S&P 500 Index (Plus 5%) | Our copy |
| New York State Teachers | Private Debt | Private Credit / Debt | 2% | 0.5–5% | Morningstar LSTA US Leveraged Loan (Plus 3%)Morningstar LSTA US Leveraged Loan Index (Plus 3%) | Our copy |
| New York State Teachers | Global Bonds | Fixed Income | 2% | 0–4% | Bloomberg Global Aggregate Float Adjusted Ex-CNY Bond (hedged to USD)Bloomberg Global Aggregate Float Adjusted Ex-CNY Bond Index (hedged to USD) | Our copy |
| New York State Teachers | High Yield Bonds | Fixed Income | 1% | 0–3% | ICE BofA BB-B US High Yield ConstrainedICE BofA BB-B US High Yield Constrained Index | Our copy |
| New York State Teachers | Short Term Investments | Cash | 1% | 0–4% | — | Our copy |
| New York State Teachers | Short Term Investments (Cash Equivalents) | Cash | — | — | iMoneyNet Money Fund Average/All Taxable | Our copy |
| North Carolina Investment Authority | Equity | Public Equity | 62% | 55–75% | — | Our copy |
| North Carolina Investment Authority | Corporate Equity | Public Equity | 44% | 23–66% | — | Our copy |
| North Carolina Investment Authority | Real Asset Equity | Real Assets / Infrastructure | 18% | 6–28% | — | Our copy |
| North Carolina Investment Authority | Debt | Fixed Income | 35% | 25–45% | — | Our copy |
| North Carolina Investment Authority | Investment Grade | Fixed Income | 25% | 15–37% | — | Our copy |
| North Carolina Investment Authority | Credit | Fixed Income | 9% | 3–14% | — | Our copy |
| North Carolina Investment Authority | Cash | Cash | 1% | 0–5% | — | Our copy |
| North Carolina Investment Authority | Multi-Strategy | Hedge Funds / Absolute Return | 3% | 0–10% | — | Our copy |
| North Carolina Investment Authority | Reference Portfolio Benchmark | Multi-Asset / Other | — | — | 65% MSCI ACWI IMI (net of withholding taxes) + 35% ICE BofA 5+ Years US Treasury65% MSCI All Country World Investable Market Index (net of withholding taxes) + 35% ICE BofA 5+ Years U.S. Treasury Index | Our copy |
| North Carolina Investment Authority | Implementation Benchmark | Multi-Asset / Other | — | — | Delegated to CIO with asset class category benchmarks to be broadly diversified and generally accepted within institutional investment industry | Our copy |
| North Dakota PERS | Global Equity | Public Equity | 58% | 46–66% | — | Our copy |
| North Dakota PERS | Public Equity | Public Equity | 51% | 42–57% | — | Our copy |
| North Dakota PERS | Private Equity | Private Equity | 7% | 4–9% | — | Our copy |
| North Dakota PERS | Global Fixed Income | Fixed Income | 23% | 16–30% | — | Our copy |
| North Dakota PERS | Investment Grade | Fixed Income | 16% | 11–21% | — | Our copy |
| North Dakota PERS | Non-Investment Grade | Fixed Income | 7% | 5–9% | — | Our copy |
| North Dakota PERS | Global Real Assets | Real Assets / Infrastructure | 19% | 10–25% | — | Our copy |
| North Dakota PERS | Global Real Estate | Real Estate | 11% | 5–15% | — | Our copy |
| North Dakota PERS | Other (Infrastructure/Timber) | Real Assets / Infrastructure | 8% | 0–10% | — | Our copy |
| North Dakota PERS | Global Alternatives | Multi-Asset / Other | — | 0–10% | — | Our copy |
| North Dakota PERS | Cash | Cash | 0% | 0–2% | — | Our copy |
| North Dakota Teachers | Global Equity | Public Equity | 55% | — | Not explicitly named in IPS | Our copy |
| North Dakota Teachers | Public Equity | Public Equity | 45% | — | Not explicitly named in IPS | Our copy |
| North Dakota Teachers | Private Equity | Private Equity | 10% | — | Not explicitly named in IPS | Our copy |
| North Dakota Teachers | Global Fixed Income | Fixed Income | 26% | — | Not explicitly named in IPS | Our copy |
| North Dakota Teachers | Investment Grade | Fixed Income | 18% | — | Not explicitly named in IPS | Our copy |
| North Dakota Teachers | Non-Investment Grade | Fixed Income | 8% | — | Not explicitly named in IPS | Our copy |
| North Dakota Teachers | Global Real Assets | Real Assets / Infrastructure | 18% | — | Not explicitly named in IPS | Our copy |
| North Dakota Teachers | Real Estate | Real Estate | 9% | — | Not explicitly named in IPS | Our copy |
| North Dakota Teachers | Other | Multi-Asset / Other | 9% | — | — | Our copy |
| North Dakota Teachers | Cash & Equivalents | Cash | 1% | — | Not explicitly named in IPS | Our copy |
| Ohio PERS | Public Equity | Public Equity | 42% | 34–50% | — | Our copy |
| Ohio PERS | U.S. Equity | Public Equity | 21% | 16–26%+/- 5% | Russell 3000Russell 3000 Index | Our copy |
| Ohio PERS | Non-U.S. Equity | Public Equity | 21% | 16–26%+/- 5% | MSCI ACWI ex US IMI NDMSCI ACWI ex U.S. IMI Index ND | Our copy |
| Ohio PERS | Fixed Income | Fixed Income | 15% | 11–20% | — | Our copy |
| Ohio PERS | Alternatives | Multi-Asset / Other | 32% | 22–42% | — | Our copy |
| Ohio PERS | Private Equity | Private Equity | 14% | — | State Street Private Equity (SSPEI)State Street Private Equity Index (SSPEI) | Our copy |
| Ohio PERS | Real Estate | Real Estate | 11% | — | Net NCREIF ODCE + 85 bpsNet NFI-ODCE plus 85 basis points | Our copy |
| Ohio PERS | Risk Mitigation Strategies | Multi-Asset / Other | 10% | 0–15% | Custom benchmark based on target weights of underlying sub-asset class allocationsCustom benchmark based on the target weights of the underlying sub-asset class allocations | Our copy |
| Ohio PERS | Risk Parity | Hedge Funds / Absolute Return | 1% | 0–5% | S&P Risk Parity 10% Vol Target (USD)S&P Risk Parity Total Return Index 10% Vol Target (USD) | Our copy |
| Ohio PERS | Operating Cash | Cash | 0% | 0–5% | — | Our copy |
| Ohio PERS | Core Fixed | Fixed Income | — | — | Bloomberg US AggregateBloomberg U.S. Aggregate Index | Our copy |
| Ohio PERS | Investment Grade Credit | Fixed Income | — | — | Bloomberg US CorporateBloomberg U.S. Corporate Bond Index | Our copy |
| Ohio PERS | Emerging Markets Debt | Fixed Income | — | — | Custom benchmark of 50% JP Morgan Emerging Markets Bond Global and 50% JP Morgan Government Bond -Emerging Markets Global DiversifiedCustom benchmark of 50% JP Morgan Emerging Markets Bond Index Global and 50% JP Morgan Government Bond Index-Emerging Markets Global Diversified | Our copy |
| Ohio PERS | Securitized Debt | Fixed Income | — | — | Custom benchmark of 50% Bloomberg Non-Agency Investment Grade CMBS: BBB Unhedged USD and 50% Bloomberg Non-Agency CMBS Agg Eligible Value Unhedged USDCustom benchmark of 50% Bloomberg Non-Agency Investment Grade CMBS: BBB Total Return Index Unhedged USD and 50% Bloomberg Non-Agency CMBS Agg Eligible Total Return Index Value Unhedged USD | Our copy |
| Ohio PERS | TIPS | Fixed Income | — | — | Bloomberg US TIPSBloomberg U.S. TIPS Index | Our copy |
| Ohio PERS | High Yield | Fixed Income | — | — | Bloomberg US Corporate High YieldBloomberg U.S. Corporate High Yield Index | Our copy |
| Ohio PERS | U.S. Treasury | Fixed Income | — | — | Bloomberg US Treasury 1-5 YearBloomberg U.S. Treasury 1-5 Year Index | Our copy |
| Ohio PERS | REITs | Real Estate | — | — | FTSE NAREIT Equity REITs USDFTSE NAREIT Equity REITs Total Return Index USD | Our copy |
| Ohio PERS | Hedge Funds | Hedge Funds / Absolute Return | — | — | Custom benchmark (HFRI single strategy indices weighted per AIP)Custom benchmark using the HFRI single strategy indices weighted by the target allocations listed in the AIP | Our copy |
| Ohio PERS | Opportunistic | Multi-Asset / Other | — | — | Market value weight of underlying portfolio benchmarks | Our copy |
| Ohio PERS | Commodities-All | Real Assets / Infrastructure | — | — | Bloomberg CommodityBloomberg Commodity Index | Our copy |
| Ohio PERS | Gold | Real Assets / Infrastructure | — | — | Bloomberg Gold SubindexBloomberg Gold Subindex Total Return | Our copy |
| Ohio PERS | Private Credit | Private Credit / Debt | — | — | S&P UBS Leveraged LoanS&P UBS Leveraged Loan Index | Our copy |
| Ohio Police & Fire | Domestic Equity | Public Equity | 18.6% | 13–24.2%± 5.6% | FT Wilshire 5000FT Wilshire 5000 Total Return Index | Our copy |
| Ohio Police & Fire | Non-U.S. Equity | Public Equity | 12.4% | 8.7–16.1%± 3.7% | Morgan Stanley Capital International All Country World ex-US Investible Market ($ Net) (MSCI ACWI ex-US IMI )Morgan Stanley Capital International All Country World Index ex-U.S. Investible Market Index ($ Net) (MSCI ACWI ex-U.S. IMI Index) | Our copy |
| Ohio Police & Fire | Private Markets | Multi-Asset / Other | 10% | + 3.0% | See Private Markets Investment Policy (1Q lag)See Private Markets Investment Policy | Our copy |
| Ohio Police & Fire | High Yield | Fixed Income | 7% | + 2.1% | ICE ICE BofA (BofA ML) US High Yield Master II ConstrainedICE Bank of America Merrill Lynch (BofA ML) U.S. High Yield Master II Constrained Index | Our copy |
| Ohio Police & Fire | Private Credit | Private Credit / Debt | 5% | + 1.5% | See Private Credit Investment Policy | Our copy |
| Ohio Police & Fire | Core Fixed Income | Fixed Income | 25% | 20–30%± 5.0% | Bloomberg US AggregateBloomberg U.S. Aggregate Index | Our copy |
| Ohio Police & Fire | Cash | Cash | 0% | + 6.3% | 3-Month T-Bill90 Day U.S. Treasury Bill | Our copy |
| Ohio Police & Fire | U.S. Inflation Linked Bonds | Fixed Income | 15% | + 3.0% | — | Our copy |
| Ohio Police & Fire | Real Estate | Real Estate | 12% | 8.4–15.6%± 3.6% | See Real Estate Investment Policy | Our copy |
| Ohio Police & Fire | Real Assets | Real Assets / Infrastructure | 8% | 5.6–10.4%± 2.4% | See Real Assets Investment Policy | Our copy |
| Ohio Police & Fire | Midstream Energy Infrastructure | Real Assets / Infrastructure | 5% | 3.5–6.5%± 1.5% | Alerian Midstream EnergyAlerian Midstream Energy Total Return Index | Our copy |
| Ohio Police & Fire | Commodities | Real Assets / Infrastructure | 2% | + 0.6% | Bloomberg CommodityBloomberg Commodity Index Total Return | Our copy |
| Ohio Police & Fire | Gold | Real Assets / Infrastructure | 5% | + 1.5% | S&P GSCI GoldS&P GSCI Gold Index Total Return | Our copy |
| Ohio Police & Fire | U.S. Inflation Linked Bonds (TIPS) | Fixed Income | — | — | Bloomberg US Government Inflation-Linked BondBloomberg U.S. Government Inflation-Linked Bond Index | Our copy |
| Ohio School Employees | Global Equities | Public Equity | 40% | 35–45% | MSCI ACWI Net (USD)MSCI All Country World Net Total Return Index (USD) | Our copy |
| Ohio School Employees | Global Private Equity | Private Equity | 14% | 11–17% | MSCI-Burgiss Global Private Equity FundsMSCI-Burgiss Global Private Equity Funds Index | Our copy |
| Ohio School Employees | Global Fixed Income | Fixed Income | 18% | 13–23% | Bloomberg US Universal BondBloomberg US Universal Bond Index | Our copy |
| Ohio School Employees | Global Private Credit | Private Credit / Debt | 5% | 3–7% | Quarterly (4 qtrs.) smoothed Morningstar LSTA US Leveraged Loan (one quarter in arrears)Quarterly (4 qtrs.) smoothed Morningstar LSTA US Leveraged Loan Index (one quarter in arrears) | Our copy |
| Ohio School Employees | Cash Equivalents | Cash | 3% | 1–5% | FTSE 30 Day T-BillFTSE 30 Day Treasury Bill | Our copy |
| Ohio School Employees | Real Estate | Real Estate | 7% | 4–10% | — | Our copy |
| Ohio School Employees | Infrastructure | Real Assets / Infrastructure | 10% | 6–14% | — | Our copy |
| Ohio School Employees | Gold | Real Assets / Infrastructure | 3% | 0–4% | IAUM Gold ETF | Our copy |
| Ohio School Employees | Opportunistic and Tactical Investments | Multi-Asset / Other | 0% | 0–5% | Bloomberg US Aggregate + 2%Bloomberg US Aggregate Bond Index + 2% | Our copy |
| Ohio School Employees | Leverage | Multi-Asset / Other | — | 0–10% | — | Our copy |
| Ohio School Employees | Global Real Estate | Real Estate | — | — | Expanded NCREIF NPI (one quarter in arrears)Expanded NCREIF Property Index (one quarter in arrears) | Our copy |
| Ohio School Employees | Global Infrastructure | Real Assets / Infrastructure | — | — | Quarterly (4 qtrs.) smoothed CPI +1.20% per quarter | Our copy |
| Ohio Teachers | Domestic Equity | Public Equity | 19.25% | 14.25–24.25%+/- 5 | Russell 3000Russell 3000 Index | Our copy |
| Ohio Teachers | International Equity | Public Equity | 15.75% | 10.75–20.75%+/- 5 | International Blended Benchmark: 80% MSCI World ex-US -Net (50% hedged currency), 20% MSCI Emerging Markets -NetInternational Blended Benchmark: 80% MSCI World ex-U.S. Index-Net (50% hedged currency), 20% MSCI Emerging Markets Index-Net | Our copy |
| Ohio Teachers | Private Equity | Private Equity | 9% | -3 / +5 | Cambridge Private Equity & Venture CapitalCambridge Associates Private Equity & Venture Capital Index | Our copy |
| Ohio Teachers | Private Credit | Private Credit / Debt | 10% | 5–15%+/- 5 | Cambridge Private CreditCambridge Associates Private Credit Index | Our copy |
| Ohio Teachers | Liquid Alternatives | Multi-Asset / Other | 7% | 2–12%+/- 5 | SG Multi Alternative Risk PremiaSG Multi Alternative Risk Premia Index | Our copy |
| Ohio Teachers | Core Plus Fixed Income | Fixed Income | 21.5% | -5 / +6 | Bloomberg US UniversalBloomberg U.S. Universal Index | Our copy |
| Ohio Teachers | Liquid Treasury Portfolio | Fixed Income | 5.5% | 0–11%+/- 5.5 | Bloomberg US Intermediate TreasuryBloomberg U.S. Intermediate Treasury Index | Our copy |
| Ohio Teachers | Long Treasury Portfolio | Fixed Income | 3% | -3 / +5 | Bloomberg US Long TreasuryBloomberg U.S. Long Treasury Index | Our copy |
| Ohio Teachers | Real Estate | Real Estate | 8% | 4–12%+/- 4 | Real Estate Blended Benchmark: 85% NCREIF Fund – ODCE Value-Weight , 15% FTSE NAREIT Equity REITsReal Estate Blended Benchmark: 85% NCREIF Fund Index – ODCE Value-Weight (Net), 15% FTSE NAREIT Equity REITs Index | Our copy |
| Ohio Teachers | Liquidity Reserve | Cash | 1% | -1 / +4 | 3-Month T-Bill90-Day Treasury Bill | Our copy |
| Oklahoma Fire | Domestic Equity | Public Equity | 42% | 32–52% | Russell 3000 | Our copy |
| Oklahoma Fire | International Equity | Public Equity | 15% | 10–20% | MSCI-ACWI x US | Our copy |
| Oklahoma Fire | Other Equity | Public Equity | 5% | 0–10% | Domestic Equity Benchmark | Our copy |
| Oklahoma Fire | Total Equity | Public Equity | 62% | 52–72% | — | Our copy |
| Oklahoma Fire | Domestic Fixed Income | Fixed Income | 10% | 0–20% | Bloomberg US Aggregate | Our copy |
| Oklahoma Fire | Other Fixed Income | Fixed Income | 10% | 0–15% | Domestic Fixed Income Benchmark | Our copy |
| Oklahoma Fire | Total Fixed Income | Fixed Income | 20% | 10–30% | — | Our copy |
| Oklahoma Fire | Real Estate | Real Estate | 10% | 5–15% | NCREIF ODCE (VW)NCREIF ODCE Index (VW) | Our copy |
| Oklahoma Fire | Other Assets | Multi-Asset / Other | 8% | 0–13% | Investment Determined | Our copy |
| Oklahoma Fire | Cash & Equivalents | Cash | 0% | 0–10% | — | Our copy |
| Oklahoma PERSOPERS · one of 2 portfolios in the document | U.S. Equities | Public Equity | 40% | — | — | Our copy |
| Oklahoma PERSOPERS · one of 2 portfolios in the document | International Equities | Public Equity | 28% | — | — | Our copy |
| Oklahoma PERSOPERS · one of 2 portfolios in the document | Domestic Fixed Income | Fixed Income | 32% | — | — | Our copy |
| Oklahoma PERSOPERS · one of 2 portfolios in the document | Cash | Cash | 0% | — | — | Our copy |
| Oklahoma PERSOPERS · one of 2 portfolios in the document | U.S. Large Cap Equity | Public Equity | — | 31.2–36.8% | — | Our copy |
| Oklahoma PERSOPERS · one of 2 portfolios in the document | U.S. Small Cap Equity | Public Equity | — | 3.2–8.8% | — | Our copy |
| Oklahoma PERSOPERS · one of 2 portfolios in the document | International Equity | Public Equity | — | 25–31% | — | Our copy |
| Oklahoma PERSOPERS · one of 2 portfolios in the document | U.S. Fixed Income | Fixed Income | — | 27.5–36.5% | — | Our copy |
| Oklahoma PERSOPERS · one of 2 portfolios in the document | US Fixed Income - Core | Fixed Income | — | — | Bloomberg Aggregate BondBloomberg Aggregate Bond Index | Our copy |
| Oklahoma PERSOPERS · one of 2 portfolios in the document | US Fixed Income - Core Plus | Fixed Income | — | — | Bloomberg Aggregate BondBloomberg Aggregate Bond Index | Our copy |
| Oklahoma PERSOPERS · one of 2 portfolios in the document | US Fixed Income - Constrained Core | Fixed Income | — | — | Bloomberg Aggregate BondBloomberg Aggregate Bond Index | Our copy |
| Oklahoma PERSOPERS · one of 2 portfolios in the document | US Fixed Income - Rate Anticipation | Fixed Income | — | — | Bloomberg UST 20+ Year TreasuryBloomberg UST 20+ Year Treasury Index | Our copy |
| Oklahoma PERSOPERS · one of 2 portfolios in the document | US Fixed Income - TIPS | Fixed Income | — | — | Bloomberg US TIPSBloomberg US TIPS Index | Our copy |
| Oklahoma PERSOPERS · one of 2 portfolios in the document | US Equity - Large Cap (Passive) | Public Equity | — | — | Russell 1000Russell 1000 Index | Our copy |
| Oklahoma PERSOPERS · one of 2 portfolios in the document | US Equity - Large Cap Value (Passive) | Public Equity | — | — | Russell 1000 ValueRussell 1000 Value Index | Our copy |
| Oklahoma PERSOPERS · one of 2 portfolios in the document | US Equity - Large Cap (Enhanced) | Public Equity | — | — | Russell 1000Russell 1000 Index | Our copy |
| Oklahoma PERSOPERS · one of 2 portfolios in the document | US Equity - Large Cap (Active) | Public Equity | — | — | Russell 1000Russell 1000 Index | Our copy |
| Oklahoma PERSOPERS · one of 2 portfolios in the document | US Equity - Large Cap Growth (Active) | Public Equity | — | — | Russell 1000 GrowthRussell 1000 Growth Index | Our copy |
| Oklahoma PERSOPERS · one of 2 portfolios in the document | US Equity - Small Cap (Active) | Public Equity | — | — | Russell 2000Russell 2000 Index | Our copy |
| Oklahoma PERSOPERS · one of 2 portfolios in the document | US Equity - Small Cap Growth (Active) | Public Equity | — | — | Russell 2000 GrowthRussell 2000 Growth Index | Our copy |
| Oklahoma PERSOPERS · one of 2 portfolios in the document | US Equity - Small Cap Value (Active) | Public Equity | — | — | Russell 2000 ValueRussell 2000 Value Index | Our copy |
| Oklahoma PERSOPERS · one of 2 portfolios in the document | US Equity - Total (OPERS) | Public Equity | — | — | 85% Russell 1000 / 15% Russell 2000 | Our copy |
| Oklahoma PERSOPERS · one of 2 portfolios in the document | US Equity - Total (URSJJ) | Public Equity | — | — | 85% Russell 1000 / 15% Russell 2000 | Our copy |
| Oklahoma PERSOPERS · one of 2 portfolios in the document | International Equity - Passive Core | Public Equity | — | — | MSCI ACWI ex-USMSCI ACWI ex-U.S. Index | Our copy |
| Oklahoma PERSOPERS · one of 2 portfolios in the document | International Equity - Passive Growth | Public Equity | — | — | MSCI ACWI ex-US GrowthMSCI ACWI ex-U.S. Growth Index | Our copy |
| Oklahoma PERSOPERS · one of 2 portfolios in the document | International Equity - Active Growth | Public Equity | — | — | MSCI ACWI ex-US GrowthMSCI ACWI ex-U.S. Growth Index | Our copy |
| Oklahoma PERSOPERS · one of 2 portfolios in the document | International Equity - Active Value | Public Equity | — | — | MSCI ACWI ex-US ValueMSCI ACWI ex-U.S. Value Index | Our copy |
| Oklahoma PERSOPERS · one of 2 portfolios in the document | International Equity - Total (OPERS) | Public Equity | — | — | MSCI ACWI ex-USMSCI ACWI ex-U.S. Index | Our copy |
| Oklahoma PERSOPERS · one of 2 portfolios in the document | International Equity - Total (URSJJ) | Public Equity | — | — | MSCI ACWI ex-USMSCI ACWI ex-U.S. Index | Our copy |
| Oklahoma Police | Fixed Income | Fixed Income | 25% | 15–35% | — | Our copy |
| Oklahoma Police | Core Bonds | Fixed Income | 10% | 5–15% | Bloomberg US AggregateBloomberg US Aggregate Index | Our copy |
| Oklahoma Police | Multi-Sector | Multi-Asset / Other | 10% | 5–15% | — | Our copy |
| Oklahoma Police | Absolute Return | Hedge Funds / Absolute Return | 5% | 0–10% | — | Our copy |
| Oklahoma Police | Equities | Public Equity | 65% | 55–75% | — | Our copy |
| Oklahoma Police | U.S. Large Cap | Public Equity | 20% | 15–25% | — | Our copy |
| Oklahoma Police | U.S. Small/Mid Cap | Public Equity | 10% | 5–15% | — | Our copy |
| Oklahoma Police | International Equity | Public Equity | 20% | 15–25% | MSCI ACWI ex US NetDivMSCI ACWI ex US NetDiv Index | Our copy |
| Oklahoma Police | Private Equity | Private Equity | 15% | 5–20% | ACWIACWI Index | Our copy |
| Oklahoma Police | Real Assets | Real Assets / Infrastructure | 10% | 5–15% | — | Our copy |
| Oklahoma Police | Core Real Estate | Real Estate | 5% | 0–10% | NCREIF ODCE NetNFI ODCE Net Index | Our copy |
| Oklahoma Police | Opportunistic Real Estate | Real Estate | 5% | 0–10% | NCREIF ODCE NetNFI ODCE Net Index | Our copy |
| Oklahoma Police | U.S. Large Cap Equity | Public Equity | — | — | Not explicitly specified in main policy; see asset class policies | Our copy |
| Oklahoma Police | U.S. Small/Mid Cap Equity | Public Equity | — | — | Russell 2000 or Russell 2500Russell 2000 or Russell 2500 Index | Our copy |
| Oklahoma Police | Multi-Sector Fixed Income | Fixed Income | — | — | Relevant style/blended benchmark depending on mandate | Our copy |
| Oklahoma Police | Absolute Return Fixed Income | Fixed Income | — | — | Relevant benchmark | Our copy |
| Oklahoma Teachers | U.S. Equity | Public Equity | 32.4% | 38.3% - 52.3% (target 45.3%) | — | Our copy |
| Oklahoma Teachers | International Equity | Public Equity | 14.1% | 14.7% - 24.7% (target 19.7%) | — | Our copy |
| Oklahoma Teachers | Fixed Income | Fixed Income | 25% | 29.0% - 41.0% (target 35.0%) | Bloomberg US UniversalBloomberg U.S. Universal Index | Our copy |
| Oklahoma Teachers | Real Estate | Real Estate | 8% | — | NCREIF ODCE + 0.5% annuallyNFI-ODCE + 0.5% annually | Our copy |
| Oklahoma Teachers | Infrastructure | Real Assets / Infrastructure | 3% | — | Consumer Price (CPI) + 4% annuallyConsumer Price Index (CPI) + 4% annually | Our copy |
| Oklahoma Teachers | Private Equity | Private Equity | 10% | — | 85% Russell 3000 / 15% MSCI ACWI ex-US + 2.5% annually85% Russell 3000 / 15% MSCI ACWI ex-U.S. (net) + 2.5% annually | Our copy |
| Oklahoma Teachers | Private Debt | Private Credit / Debt | 7.5% | — | Morningstar LSTA US Leveraged Loan 100 + 3% annuallyMorningstar LSTA U.S. Leveraged Loan 100 Index + 3% annually | Our copy |
| Oklahoma Teachers | Cash | Cash | 0% | — | — | Our copy |
| Oklahoma Teachers | U.S. Equities | Public Equity | — | — | Russell 3000Russell 3000 Index | Our copy |
| Oklahoma Teachers | International Equities | Public Equity | — | — | MSCI ACWI ex-USMSCI ACWI ex-U.S. Index (net) | Our copy |
| Oklahoma Teachers | Real Assets | Real Assets / Infrastructure | — | — | 73% Custom Real Estate Benchmark / 27% Infrastructure Benchmark | Our copy |
| Omaha School | Total Equity | Public Equity | 57.5% | 54.5–60.5% | — | Our copy |
| Omaha School | U.S. Equity | Public Equity | 24% | 21–27% | DJ US Total Stock MarketDJ US Total Stock Market Index | Our copy |
| Omaha School | Global Equity | Public Equity | 22% | 19–25% | MSCI ACWI IMIMSCI All Country World IMI | Our copy |
| Omaha School | Non-U.S. Equity | Public Equity | 11.5% | 8.5–14.5% | MSCI ACWI ex US IMIMSCI All Country World Index ex-U.S. IMI | Our copy |
| Omaha School | Total Fixed Income | Fixed Income | 30% | 27–33% | — | Our copy |
| Omaha School | Core Bonds | Fixed Income | 20% | 17–23% | Bloomberg US Aggregate BondBloomberg US Aggregate Bond Index | Our copy |
| Omaha School | Return-Seeking | Multi-Asset / Other | 10% | 7–13% | Blended benchmark (25% Bloomberg US Credit , 25% ICE BofA ML HY Master II , 25% JP Morgan EMBI Global Diversified , 25% UBS Global Leveraged Loan USD hedged)Blended benchmark (25% Bloomberg US Credit Index, 25% ICE BofA ML HY Master II Index, 25% JP Morgan EMBI Global Diversified Index, 25% UBS Global Leveraged Loan Index USD hedged) | Our copy |
| Omaha School | Total Real Assets | Real Assets / Infrastructure | 7.5% | — | — | Our copy |
| Omaha School | Real Estate | Real Estate | 5.5% | — | NCREIF ODCENFI-ODCE Index | Our copy |
| Omaha School | Infrastructure | Real Assets / Infrastructure | 2% | — | CPI-U + 4% | Our copy |
| Omaha School | Private Equity | Private Equity | 5% | — | DJ US Total Stock Market + 3% netDJ US Total Stock Market Index + 3% net | Our copy |
| Orange County ERS | Global Public Equity | Public Equity | 45% | 38–52% | MSCI ACWI IMI Net | Our copy |
| Orange County ERS | Private Equity | Private Equity | 15% | 10–20% | MSCI Global PEMSCI Global PE (1Q lag) | Our copy |
| Orange County ERS | Income Strategies | Multi-Asset / Other | 17% | 12–22% | Income Strategies CustomIncome Strategies Custom Index | Our copy |
| Orange County ERS | Real Assets | Real Assets / Infrastructure | 13% | 8–18% | Real Assets CustomReal Assets Custom Index | Our copy |
| Orange County ERS | Risk Mitigation | Multi-Asset / Other | 10% | 6–14% | Risk Mitigation CustomRisk Mitigation Custom Index | Our copy |
| Orange County ERS | Cash | Cash | 0% | 0–5% | 91-Day T-Bill91-Day T-bills | Our copy |
| Orange County ERS | Unique Strategies | Multi-Asset / Other | 0% | 0–5% | — | Our copy |
| Orange County ERS | Income Strategies - Public | Multi-Asset / Other | — | — | 85% Bloomberg US Aggregate / 15% Bloomberg US TIPS85% Bloomberg U.S. Aggregate / 15% Bloomberg U.S. TIPS Index | Our copy |
| Orange County ERS | Income Strategies - Private | Multi-Asset / Other | — | — | 60% S&P UBS Leveraged Loan / 40% S&P UBS Western European Leveraged Loan | Our copy |
| Orange County ERS | Real Assets - Real Estate | Real Estate | — | — | NCREIF ODCE | Our copy |
| Orange County ERS | Real Assets - Energy | Real Assets / Infrastructure | — | — | MSCI Global Natural ResourcesMSCI Global Natural Resources (1Q lag) | Our copy |
| Orange County ERS | Real Assets - Infrastructure | Real Assets / Infrastructure | — | — | MSCI Global InfrastructureMSCI Global Infrastructure (1Q lag) | Our copy |
| Orange County ERS | Risk Mitigation - First Responders | Multi-Asset / Other | — | — | Bloomberg Long-Term US TreasuryBloomberg Long-Term U.S. Treasury | Our copy |
| Orange County ERS | Risk Mitigation - Second Responders | Multi-Asset / Other | — | — | Soc Gen Trend | Our copy |
| Orange County ERS | Risk Mitigation - Diversifiers | Multi-Asset / Other | — | — | 50% Soc Gen Multi Alt Risk Premia / 50% HFRI Macro (Total)50% Soc Gen Multi Alt Risk Premia / 50% HFRI Macro (Total) Index | Our copy |
| Oregon PERS | Public Equity | Public Equity | 27.5% | 22.5–32.5% | MSCI ACWI IMI Net (, Unhedged)MSCI ACWI IMI Net (Net Dividend, Unhedged) | Our copy |
| Oregon PERS | Private Equity | Private Equity | 20% | 15–27.5% | Russell 3000 + 3%Russell 3000 + 300 bps | Our copy |
| Oregon PERS | Total Equity | Public Equity | 47.5% | 42.5–52.5% | — | Our copy |
| Oregon PERS | Fixed Income | Fixed Income | 25% | 20–30% | Bloomberg US AggregateBloomberg U.S. Aggregate Index | Our copy |
| Oregon PERS | Real Estate | Real Estate | 12.5% | 7.5–17.5% | NCREIF-ODCE + 0.5%NCREIF-ODCE + 50 bps | Our copy |
| Oregon PERS | Real Assets | Real Assets / Infrastructure | 7.5% | 2.5–10% | CPI+ 4%CPI+ 400 bps | Our copy |
| Oregon PERS | Diversifying Strategies | Hedge Funds / Absolute Return | 7.5% | 2.5–10% | HFRI FoF ConservativeHFRI FOF Conservative Index | Our copy |
| Oregon PERS | Opportunity Portfolio | Multi-Asset / Other | 0% | 0–5% | OPERF Total PortfolioOPERF Total Portfolio Index | Our copy |
| Pennsylvania Municipal | Equities | Public Equity | 52% | 47–57% | MSCI ACWI IMIMSCI ACWI IMI (net) | Our copy |
| Pennsylvania Municipal | Domestic | Public Equity | 31.5% | 26.5–36.5% | — | Our copy |
| Pennsylvania Municipal | Global | Public Equity | 4% | 0–8% | — | Our copy |
| Pennsylvania Municipal | International | Public Equity | 16.5% | 11.5–21.5% | — | Our copy |
| Pennsylvania Municipal | Real Estate | Real Estate | 7% | 2–12% | NCREIF ODCE | Our copy |
| Pennsylvania Municipal | Timber | Real Assets / Infrastructure | 5% | 0–10% | NCREIF Timberland | Our copy |
| Pennsylvania Municipal | Private Infrastructure | Real Assets / Infrastructure | 5% | 0–10% | CPI+3% | Our copy |
| Pennsylvania Municipal | Private Credit | Private Credit / Debt | 5% | 0–10% | S&P UBS Leveraged LoanS&P UBS Leveraged Loan Index | Our copy |
| Pennsylvania Municipal | Fixed Income | Fixed Income | 26% | 21–31% | Bloomberg AggregateBbg Barclays Aggregate | Our copy |
| Pennsylvania Municipal | Investment Grade | Fixed Income | 20% | 15–25% | — | Our copy |
| Pennsylvania Municipal | Opportunistic Credit | Private Credit / Debt | 5% | 0–10% | 50% Bloomberg Barclays US High Yield/50% CS Lev Loans50% Bbg Barclays US High Yield/50% CS Lev Loans | Our copy |
| Pennsylvania Municipal | Cash | Cash | 1% | 0–5% | BofAML 90-Day T-Bill | Our copy |
| Pennsylvania Municipal | Domestic Equities | Public Equity | — | — | Russell 3000 | Our copy |
| Pennsylvania Municipal | Global Equities | Public Equity | — | — | MSCI ACWI Min Vol | Our copy |
| Pennsylvania Municipal | International Equities | Public Equity | — | — | MSCI ACWI ex US IMIMSCI ACWI ex U.S. IMI (net) | Our copy |
| Pennsylvania Municipal | Investment Grade Fixed Income | Fixed Income | — | — | Bloomberg AggregateBbg Barclays Aggregate | Our copy |
| Pennsylvania School Employees | Equity Exposure | Public Equity | 44% | 39–49%+/- 5% | — | Our copy |
| Pennsylvania School Employees | Public Equity | Public Equity | 32% | 27–37%+/- 5% | — | Our copy |
| Pennsylvania School Employees | U.S. Equity | Public Equity | 20% | 15–25%+/- 5% | S&P 1500S&P 1500 TR Index | Our copy |
| Pennsylvania School Employees | Non-U.S. Equity | Public Equity | 12% | 7–17%+/- 5% | MSCI ACWI ex USA IMI NetMSCI ACWI ex USA IMI Net TR Index | Our copy |
| Pennsylvania School Employees | Private Equity | Private Equity | 12% | 8–16%+/- 4% | MSCI Global Private Equity Closed-End Fund (Frozen; USD), oneMSCI Global Private Equity Closed-End Fund Index (Frozen; USD), one-quarter lagged | Our copy |
| Pennsylvania School Employees | Fixed Income Exposure | Fixed Income | 34% | 29–39%+/- 5% | — | Our copy |
| Pennsylvania School Employees | Public Fixed Income | Fixed Income | 27% | 22–32%+/- 5% | — | Our copy |
| Pennsylvania School Employees | Investment Grade | Fixed Income | 16% | 11–21%+/- 5% | Bloomberg US Aggregate Bond and Bloomberg US Long TreasuryBloomberg US Aggregate Bond TR Index and Bloomberg U.S. Long Treasury TR Index | Our copy |
| Pennsylvania School Employees | Credit-Related | Fixed Income | 4% | 1–7%+/- 3% | Bloomberg US Corporate High Yield BondBloomberg US Corporate High Yield Bond Index | Our copy |
| Pennsylvania School Employees | Inflation Protected | Real Assets / Infrastructure | 7% | 2–12%+/- 5% | Bloomberg US Government Inflation-Linked Bond All MaturitiesBloomberg US Government Inflation-Linked Bond All Maturities TR Index | Our copy |
| Pennsylvania School Employees | Private Credit | Private Credit / Debt | 7% | 5–9%+/- 2% | MSCI Global Private Credit Closed-End Fund (Frozen; USD), oneMSCI Global Private Credit Closed-End Fund Index (Frozen; USD), one-quarter lagged | Our copy |
| Pennsylvania School Employees | Real Asset Exposure | Real Assets / Infrastructure | 22% | 17–27%+/- 5% | — | Our copy |
| Pennsylvania School Employees | Public Real Assets | Real Assets / Infrastructure | 11% | 8–14%+/- 3% | — | Our copy |
| Pennsylvania School Employees | Infrastructure | Real Assets / Infrastructure | 5% | 2–8%+/- 3% | — | Our copy |
| Pennsylvania School Employees | Commodities | Real Assets / Infrastructure | 4% | 1–7%+/- 3% | Bloomberg CommodityBloomberg Commodity TR Index | Our copy |
| Pennsylvania School Employees | Real Estate | Real Estate | 2% | 0–5%+/- 3% | — | Our copy |
| Pennsylvania School Employees | Private Real Assets | Real Assets / Infrastructure | 11% | 8–14%+/- 3% | — | Our copy |
| Pennsylvania School Employees | Opportunistic | Multi-Asset / Other | 0% | 0–5% | — | Our copy |
| Pennsylvania School Employees | Cash | Cash | 4.5% | — | ICE BofA 0-3-Month US T-BillICE BofAML 0-3 Month US Treasury Bill Index | Our copy |
| Pennsylvania School Employees | Public Infrastructure | Real Assets / Infrastructure | — | — | FTSE Developed Core Infrastructure 50/50 NetFTSE Developed Core Infrastructure 50/50 Net TR Index | Our copy |
| Pennsylvania School Employees | Public Real Estate | Real Estate | — | — | FTSE EPRA/NAREIT Developed, NetFTSE EPRA/NAREIT Developed, Net TR Index | Our copy |
| Pennsylvania School Employees | Private Infrastructure | Real Assets / Infrastructure | — | — | MSCI Global Private Infrastructure Closed-End Fund (Frozen; USD), oneMSCI Global Private Infrastructure Closed-End Fund Index (Frozen; USD), one-quarter lagged | Our copy |
| Pennsylvania School Employees | Private Real Estate | Real Estate | — | — | MSCI Global Private Real Estate Closed-End Fund (Frozen; USD), oneMSCI Global Private Real Estate Closed-End Fund Index (Frozen; USD), one-quarter lagged | Our copy |
| Pennsylvania School Employees | Financing Cost of Leverage | Multi-Asset / Other | — | — | 3-Month Term SOFR | Our copy |
| Pennsylvania State ERS | Private Equity | Private Equity | 14% | 12–16%+/- 2% | 75% Russell 3000 / 25% MSCI World ex US plus 300 basis points75% Russell 3000 Index / 25% MSCI World ex U.S. Index plus 300 basis points | Our copy |
| Pennsylvania State ERS | Real Estate | Real Estate | 4% | N/A | NCREIF Fund – Open End Diversified Core Equity (NCREIF ODCE)NCREIF Fund Index – Open End Diversified Core Equity (NFI-ODCE) | Our copy |
| Pennsylvania State ERS | U.S. Equity | Public Equity | 44% | 39–49%+/- 5% | Russell 3000Russell 3000 Index | Our copy |
| Pennsylvania State ERS | International Developed Markets Equity | Public Equity | 14% | 9–19%+/- 5% | MSCI World ex USMSCI World ex U.S. Index | Our copy |
| Pennsylvania State ERS | Emerging Markets Equity | Public Equity | 2% | 0–4%+/- 2% | MSCI Emerging MarketsMSCI Emerging Markets Index | Our copy |
| Pennsylvania State ERS | Fixed Income | Fixed Income | 17% | 12–22%+/- 5% | Bloomberg US AggregateBloomberg U.S. Aggregate Bond Index | Our copy |
| Pennsylvania State ERS | Inflation Protection (TIPS) | Real Assets / Infrastructure | 3% | 0–6%+/- 3% | Bloomberg US TIPSBloomberg U.S. TIPS Index | Our copy |
| Pennsylvania State ERS | Cash | Cash | 2% | 7% max | ICE BofA 3 Mo US T-BillICE BofAML U.S. 3-Month Treasury Bill Index | Our copy |
| Philadelphia Municipal | Broad Fixed Income | Fixed Income | 21% | — | — | Our copy |
| Philadelphia Municipal | 91 Day T-Bills | Cash | 4% | — | — | Our copy |
| Philadelphia Municipal | Opportunistic Credit | Private Credit / Debt | 3% | — | — | Our copy |
| Philadelphia Municipal | Emerging Market Debt | Fixed Income | 2% | — | — | Our copy |
| Philadelphia Municipal | U.S. All Cap Core Equity | Public Equity | 24% | — | — | Our copy |
| Philadelphia Municipal | Broad Non-US Equity | Public Equity | 12% | — | — | Our copy |
| Philadelphia Municipal | Emerging Markets Equity | Public Equity | 2% | — | — | Our copy |
| Philadelphia Municipal | Global Low Volatility Equity | Public Equity | 8% | — | — | Our copy |
| Philadelphia Municipal | Hedge Funds | Hedge Funds / Absolute Return | 0% | — | — | Our copy |
| Philadelphia Municipal | Core Real Estate | Real Estate | 7% | — | — | Our copy |
| Philadelphia Municipal | Public REITs | Real Estate | 1% | — | — | Our copy |
| Philadelphia Municipal | Opportunistic Real Estate | Real Estate | 1% | — | — | Our copy |
| Philadelphia Municipal | Global Infrastructure | Real Assets / Infrastructure | 5% | — | — | Our copy |
| Philadelphia Municipal | Private Debt | Private Credit / Debt | 2% | — | — | Our copy |
| Philadelphia Municipal | Private Equity | Private Equity | 10% | — | — | Our copy |
| Phoenix ERS | U.S. Equity | Public Equity | 16% | 11–21% | Russell 3000 | Our copy |
| Phoenix ERS | Developed Market Equity (non-U.S.) | Public Equity | 9% | 4–14% | MSCI EAFE | Our copy |
| Phoenix ERS | Public Emerging Market Equity | Public Equity | 8% | 3–13% | MSCI Emerging Markets | Our copy |
| Phoenix ERS | Private Equity | Private Equity | 9% | 4–14% | Russell 3000 + 2%Russell 3000 + 2%, 1Q Lag | Our copy |
| Phoenix ERS | High Yield Bonds | Fixed Income | 5% | 0–10% | Bloomberg High Yield | Our copy |
| Phoenix ERS | Bank Loans | Fixed Income | 3% | 0–6% | Morningstar LSTA Leveraged LoansMorningstar LSTA Leveraged Loans Index | Our copy |
| Phoenix ERS | Emerging Market Bonds | Fixed Income | 3% | 0–6% | JPM EMBI Global Diversified | Our copy |
| Phoenix ERS | Private Debt | Private Credit / Debt | 10% | 5–15% | CS Levered Loan +2%CS Levered Loan +2%, 1Q Lag | Our copy |
| Phoenix ERS | TIPS | Fixed Income | 6% | 1–11% | Bloomberg US TIPSBloomberg U.S. TIPS | Our copy |
| Phoenix ERS | Real Estate | Real Estate | 12% | 7–17% | NCREIF ODCE | Our copy |
| Phoenix ERS | Infrastructure | Real Assets / Infrastructure | 4% | 0–8% | CPI + 3% (Seasonally Adjusted)CPI + 3% (Seasonally Adjusted) 1Q Lag | Our copy |
| Phoenix ERS | Natural Resources | Real Assets / Infrastructure | 4% | 0–8% | S&P Global Natural ResourcesS&P Global Natural Resources, 1Q Lag | Our copy |
| Phoenix ERS | Short Duration Bonds | Fixed Income | 6% | 1–11% | Bloomberg US Govt/Credit 1-3 YrBloomberg U.S. Govt/Credit 1-3 Yr | Our copy |
| Phoenix ERS | Risk Mitigating Strategies | Multi-Asset / Other | 5% | 0–10% | 50% SG Trend / 50% CBOE Long Volatility | Our copy |
| Phoenix ERS | Cash | Cash | 0% | 0–5% | — | Our copy |
| Employees' Retirement System of Rhode Island | Growth | Multi-Asset / Other | 0.55% | — | — | Our copy |
| Employees' Retirement System of Rhode Island | Public Growth | Multi-Asset / Other | 0.4% | 0–2.4%+/- 2% | MSCI ACWIMSCI All Country World Index (Net Dividends) | Our copy |
| Employees' Retirement System of Rhode Island | Private Growth | Multi-Asset / Other | 0.15% | 0–4.15%+/- 4% | — | Our copy |
| Employees' Retirement System of Rhode Island | Private Equity | Private Equity | 0.125% | — | Cambridge Private Equity and Venture Capital AggregatedCambridge Associates Private Equity and Venture Capital Aggregated Index, 1Q Lag | Our copy |
| Employees' Retirement System of Rhode Island | Non Core Real Estate | Real Estate | 0.025% | — | — | Our copy |
| Employees' Retirement System of Rhode Island | Income | Multi-Asset / Other | 0.12% | 0–2.12%+/- 2% | — | Our copy |
| Employees' Retirement System of Rhode Island | Equity Options | Public Equity | 0.02% | — | CBOE Put-WriteCBOE Put-Write Index | Our copy |
| Employees' Retirement System of Rhode Island | CLOs | Fixed Income | 0.02% | — | — | Our copy |
| Employees' Retirement System of Rhode Island | Liquid Credit | Fixed Income | 0.05% | — | Bloomberg US High YieldBank of America US HY Index | Our copy |
| Employees' Retirement System of Rhode Island | Private Credit | Private Credit / Debt | 0.03% | — | Cambridge Senior DebtCambridge Associates Senior Debt Index, 1Q Lag | Our copy |
| Employees' Retirement System of Rhode Island | Stability | Multi-Asset / Other | 0.33% | — | — | Our copy |
| Employees' Retirement System of Rhode Island | Crisis Protection Class | Multi-Asset / Other | 0.1% | 0–2.1%+/- 2% | — | Our copy |
| Employees' Retirement System of Rhode Island | Systematic Trend Following | Hedge Funds / Absolute Return | 0.05% | — | Credit Suisse Managed Futures (18% Target Volatility)Credit Suisse Managed Futures Index (18% Target Volatility) | Our copy |
| Employees' Retirement System of Rhode Island | Long Duration Treasuries | Fixed Income | 0.05% | — | Bloomberg Long TreasuryBloomberg Barclays Long Duration US Treasury Bond Index | Our copy |
| Employees' Retirement System of Rhode Island | Inflation Protection | Real Assets / Infrastructure | 0.08% | 0–3.08%+/- 3% | — | Our copy |
| Employees' Retirement System of Rhode Island | Private Real Assets | Real Assets / Infrastructure | 0.04% | — | — | Our copy |
| Employees' Retirement System of Rhode Island | Core Real Estate | Real Estate | 0.04% | — | NCREIF ODCENFI-ODCE Index, 1Q Lag | Our copy |
| Employees' Retirement System of Rhode Island | Volatility Protection | Multi-Asset / Other | 0.15% | 0–2.15%+/- 2% | — | Our copy |
| Employees' Retirement System of Rhode Island | Absolute Return | Hedge Funds / Absolute Return | 0.065% | — | HFRI Fund of FundsHFRI Fund of Funds Index | Our copy |
| Employees' Retirement System of Rhode Island | Investment Grade Fixed Income | Fixed Income | 0.065% | — | — | Our copy |
| Employees' Retirement System of Rhode Island | Strategic Cash | Cash | 0.02% | — | ICE BofA 0-1 Year US TreasuryBank of America Merrill Lynch 0-1 Year U.S. Treasury Index | Our copy |
| Employees' Retirement System of Rhode Island | Non-Core Real Estate | Real Estate | — | — | Cambridge Value Add Real EstateCambridge Associates Value Add Real Estate Index, 1Q Lag | Our copy |
| Employees' Retirement System of Rhode Island | Collateralized Loan Obligations (CLOs) | Fixed Income | — | — | JPM CLOIE BBJPM CLOIE BB Index | Our copy |
| Employees' Retirement System of Rhode Island | Private Real Assets (ex-Real Estate) | Real Assets / Infrastructure | — | — | Cambridge Private InfrastructureCambridge Associates Private Infrastructure Index, 1Q Lag | Our copy |
| Employees' Retirement System of Rhode Island | Investment Grade Fixed Income (ex-Treasuries) | Fixed Income | — | — | 50% Bloomberg US Corporate + 50% Bloomberg Securitized MBS/ABS/CMBS50% Bloomberg Barclays US Corporate Bond Index + 50% Bloomberg Barclays Securitized MBS/ABS/CMBS Index | Our copy |
| Sacramento County ERS | Growth | Multi-Asset / Other | 58% | — | — | Our copy |
| Sacramento County ERS | Global Equity | Public Equity | 40% | 36–44% | MSCI ACWI IMI | Our copy |
| Sacramento County ERS | Private Equity | Private Equity | 11% | 8–14% | Cambridge PE/VCCambridge Associates PE/VC Index | Our copy |
| Sacramento County ERS | Public Credit | Fixed Income | 2% | 1–3% | 50% BofA High Yield + 50% CS Leveraged Loan50% BofA High Yield/50% CS Leveraged Loan | Our copy |
| Sacramento County ERS | Private Credit | Private Credit / Debt | 5% | 3–7% | CS Leveraged Loan + 2%CS Leveraged Loan Index + 2% | Our copy |
| Sacramento County ERS | Diversifying | Hedge Funds / Absolute Return | 24% | — | — | Our copy |
| Sacramento County ERS | Fixed Income | Fixed Income | 16% | 12–20% | 75% Bloomberg Aggregate + 25% Bloomberg US Treasury75% Bloomberg Barclays Aggregate Index/25% Bloomberg US Treasury Index | Our copy |
| Sacramento County ERS | Absolute Return | Hedge Funds / Absolute Return | 7% | 5–9% | HFRI FoF ConservativeHFRI FoF Conservative Index | Our copy |
| Sacramento County ERS | Cash | Cash | 1% | 0–2% | Overnight LIBOR/SOFR | Our copy |
| Sacramento County ERS | Real Return | Real Assets / Infrastructure | 18% | — | — | Our copy |
| Sacramento County ERS | Real Estate | Real Estate | 9% | 7–11% | 60% NCREIF ODCE/40% NCREIF ODCE + 1%60% NFI-ODCE/40% NFI-ODCE + 1% | Our copy |
| Sacramento County ERS | Real Assets | Real Assets / Infrastructure | 7% | 5–9% | 60% Cambridge Private Infrastructure , 30% Cambridge Private Energy , 10% NCREIF Farmland60% Cambridge Associates Private Infrastructure Index, 30% Cambridge Associates Private Energy Index, 10% NCREIF Farmland Index | Our copy |
| Sacramento County ERS | Liquid Real Return | Real Assets / Infrastructure | 2% | 0–3% | 15% FTSE EPRA/NAREIT Developed Liquid , 25% S&P Global Infrastructure , 10% S&P Global Large Mid Cap Commodity and Resources , 10% Bloomberg Roll select Commodity , 30% Bloomberg 1-10 year US TIPS , 10% Bloomberg US Dollar Floating Rate <5 Year15% FTSE EPRA/NAREIT Developed Liquid Index, 25% S&P Global Infrastructure Index, 10% S&P Global Large Mid Cap Commodity and Resources Index, 10% Bloomberg Roll select Commodity Index, 30% Bloomberg Barclays 1-10 year US TIPS Index, 10% Bloomberg Barclays US Dollar Floating Rate <5 Year Index | Our copy |
| San Diego City ERS | Public Equity | Public Equity | 38% | 33–43% | MSCI ACWI IMIMSCI All Country World Investable Market Index | Our copy |
| San Diego City ERS | Return-Seeking Fixed Income | Fixed Income | 5% | 2–8% | 33.3% ICE BofA US High Yield Master II Constrained / 33.3% S&P UBS Leveraged Loan / 33.3% Emerging Market Debt Blend33.3% ICE BofAML US High Yield Master II Constrained Index / 33.3% S&P UBS Leveraged Loan Index / 33.3% Emerging Market Debt Blend | Our copy |
| San Diego City ERS | Real Estate | Real Estate | 10% | 5–15% | NCREIF Fund – Open End Diversified Core Equity (NCREIF ODCE) + 0.5%NCREIF Fund Index – Open End Diversified Core Equity Index (NFI-ODCE) + 50 bps | Our copy |
| San Diego City ERS | Infrastructure | Real Assets / Infrastructure | 5% | 0–10% | Primary: CPI + 5%; Secondary: FTSE Developed Core Infrastructure 50/50 + 2%Primary: CPI + 500 bps; Secondary: FTSE Developed Core Infrastructure 50/50 Index + 200 bps | Our copy |
| San Diego City ERS | Private Equity | Private Equity | 10% | 5–15% | Primary: Cambridge Private Equity and Venture Capital ; Secondary: MSCI ACWI IMI + 3%Primary: Cambridge Private Equity and Venture Capital Index; Secondary: MSCI All Country World Investable Market Index + 300 bps | Our copy |
| San Diego City ERS | Private Debt | Private Credit / Debt | 5% | 0–10% | S&P UBS Leveraged Loan + 2%S&P UBS Leveraged Loan Index + 200 bps | Our copy |
| San Diego City ERS | Diversifying | Hedge Funds / Absolute Return | 5% | 0–10% | Weighted average of underlying strategy benchmarks | Our copy |
| San Diego City ERS | Opportunity Fund | Multi-Asset / Other | 0% | 0–5% | Primary: Total Fund Policy benchmark; Secondary: Weighted average of underlying strategy benchmarks | Our copy |
| San Diego City ERS | U.S. Fixed Income | Fixed Income | 22% | 19–25% | Bloomberg Aggregate BondBloomberg Aggregate Bond Index | Our copy |
| San Diego County ERA | Total Liquid Equity | Public Equity | 45% | 40–50% | MSCI ACWI IMI | Our copy |
| San Diego County ERA | Global Equity | Public Equity | 2% | 0–12% | MSCI ACWI IMI | Our copy |
| San Diego County ERA | U.S. Equity | Public Equity | 26% | 21–31% | MSCI USA IMI | Our copy |
| San Diego County ERA | Non-U.S. Equity Developed | Public Equity | 12% | 8–16% | — | Our copy |
| San Diego County ERA | Non-U.S. Equity Emerging | Public Equity | 5% | 0–10% | — | Our copy |
| San Diego County ERA | Risk-Reducing Fixed Income | Fixed Income | 23% | 13–30% | Bloomberg US Intermediate AggregateBloomberg U.S. Intermediate Aggregate Index | Our copy |
| San Diego County ERA | Return-Seeking Fixed Income | Fixed Income | 8% | 0–12% | ICE BofA US High Yield ConstrainedICE BofA U.S. High Yield Constrained Index | Our copy |
| San Diego County ERA | Opportunistic | Multi-Asset / Other | 5% | 0–15% | 70% ACWI IMI / 30% Bloomberg US Intermediate Aggregate Balanced Benchmark70% ACWI IMI / 30% Bloomberg U.S. Intermediate Aggregate Index Balanced Benchmark | Our copy |
| San Diego County ERA | Total Private Assets | Multi-Asset / Other | 19% | 8–25% | — | Our copy |
| San Diego County ERA | Real Estate | Real Estate | 10% | 5–15% | NCREIF ODCENCREIF ODCE Index | Our copy |
| San Diego County ERA | Private Equity | Private Equity | 6% | 0–12% | MSCI ACWI IMI | Our copy |
| San Diego County ERA | Private Debt | Private Credit / Debt | 3% | 0–6% | 70% ACWI IMI / 30% Bloomberg US Intermediate Aggregate Balanced Benchmark70% ACWI IMI / 30% Bloomberg U.S. Intermediate Aggregate Index Balanced Benchmark | Our copy |
| San Diego County ERA | Private Real Assets | Real Assets / Infrastructure | 0% | 0–6% | MSCI ACWI IMI | Our copy |
| San Diego County ERA | Non-U.S. Equity: Developed | Public Equity | — | — | MSCI EAFE IMI | Our copy |
| San Diego County ERA | Non-U.S. Equity: Emerging | Public Equity | — | — | MSCI Emerging MarketsMSCI Emerging Markets Index | Our copy |
| San Francisco City & County ERS | Growth/Capital Appreciation | Multi-Asset / Other | 52% | 45–70% | — | Our copy |
| San Francisco City & County ERS | Public Equity | Public Equity | 32% | 20–45% | MSCI ACWI IMIMSCI ACWI Investable Market Index ($, ND) | Our copy |
| San Francisco City & County ERS | Private Equity | Private Equity | 20% | 15–30% | 75% Russell 3000 / 25% MSCI ACWI ex-US IMI + 3%75% Russell 3000 / 25% MSCI ACWI ex-US Investable Market Index ($, ND) + 300 bps | Our copy |
| San Francisco City & County ERS | Diversifying Assets | Hedge Funds / Absolute Return | 20% | 15–30% | — | Our copy |
| San Francisco City & County ERS | Real Assets | Real Assets / Infrastructure | 10% | 8–15% | 70% NCREIF ODCE for Core and Cambridge Real Estate for Non-Core / 20% Cambridge Infrastructure / 10% Cambridge Natural Resources70% NCREIF ODCE for Core and Cambridge Associates Real Estate for Non-Core / 20% Cambridge Associates Infrastructure / 10% Cambridge Associates Natural Resources | Our copy |
| San Francisco City & County ERS | Absolute Return | Hedge Funds / Absolute Return | 10% | 5–15% | 90-Day T-Bill + 3%90 Day U.S. T-Bill + 3% | Our copy |
| San Francisco City & County ERS | Income/Capital Preservation | Multi-Asset / Other | 31% | 11–45% | — | Our copy |
| San Francisco City & County ERS | Public Credit | Fixed Income | 12% | 3–15% | 50% Bloomberg US Corporate Bond / 50% Bloomberg US Corporate High Yield50% Bloomberg US Corporate Bond Index / 50% Bloomberg US Corporate High Yield Index | Our copy |
| San Francisco City & County ERS | Private Credit | Private Credit / Debt | 10% | 5–15% | 50% Credit Suisse Leveraged Loan / 50% BofA ML US High Yield BB-B Constrained + 1.5%50% Credit Suisse Leveraged Loan Index / 50% BofA ML US HY BB-B constrained + 150 bps | Our copy |
| San Francisco City & County ERS | U.S. Treasuries | Fixed Income | 8% | 3–12% | Bloomberg Intermediate US TreasuryBloomberg Barclays Intermediate U.S. Treasury Index | Our copy |
| San Francisco City & County ERS | Cash | Cash | 1% | 0–5% | 1-Month Overnight Funding Rate (SOFR) | Our copy |
| San Francisco City & County ERS | Leverage | Multi-Asset / Other | — | -5%-0% | 1-Month Overnight Funding Rate (SOFR) + 0.35%1-Month Overnight Funding Rate (SOFR) + 35 bps | Our copy |
| Seattle ERS | Public Equity | Public Equity | 46% | 39–53% | MSCI ACWI IMIMSCI All Country World Investable Market Index | Our copy |
| Seattle ERS | Private Equity | Private Equity | 11% | 6–16% | Custom Private Equity (Burgiss Private Equity Eligible Universe pooled time-weighted return; vintage years 2014 to present)Custom Private Equity Index (Burgiss Private Equity Eligible Universe pooled time-weighted return, vintage years 2014 to present) | Our copy |
| Seattle ERS | Core Fixed Income | Fixed Income | 14% | 10–18% | Bloomberg US AggregateBloomberg U.S. Aggregate Bond Index | Our copy |
| Seattle ERS | Long-Term Fixed Income | Fixed Income | 5% | 2–8% | Custom Long-Term Fixed Income (60% Bloomberg US Treasury Long and 40% Bloomberg US TIPS 10+ Year )Custom Long-Term Fixed Income Index (60% Bloomberg U.S. Treasury Long Index and 40% Bloomberg U.S. TIPS 10+ Year Index) | Our copy |
| Seattle ERS | Credit Fixed Income | Fixed Income | 7% | 4–10% | Custom Credit (40% ICE BofA High Yield Master II , 40% Credit Suisse Leveraged Loan , 20% JPM EMBI Global Diversified )Custom Credit Index (40% Merrill Lynch High Yield Master II Index, 40% Credit Suisse Leveraged Loan Index, 20% JPM EMBI Global Diversified Index) | Our copy |
| Seattle ERS | Real Estate | Real Estate | 12% | 8–16% | NCREIF ODCENCREIF ODCE Index | Our copy |
| Seattle ERS | Infrastructure | Real Assets / Infrastructure | 5% | 2–8% | Custom Infrastructure (Burgiss Infrastructure Universe pooled time-weighted return; vintage years 2016 to present)Custom Infrastructure Index (Burgiss Infrastructure Universe pooled time-weighted return, vintage years 2016 to present) | Our copy |
| South Carolina Retirement System Investment Commission | Public Equity | Public Equity | 0.43% | 30–55% | MSCI ACWI IMI Net | Our copy |
| South Carolina Retirement System Investment Commission | Bonds | Fixed Income | 0.25% | 10–35% | Bloomberg US Aggregate BondBloomberg US Aggregate Bond Index | Our copy |
| South Carolina Retirement System Investment Commission | Private Equity | Private Equity | 0.12% | 5–20% | Burgiss Private Equity | Our copy |
| South Carolina Retirement System Investment Commission | Private Debt | Private Credit / Debt | 0.08% | 5–13% | S&P LSTA + 1.5%S&P LSTA +150 bps | Our copy |
| South Carolina Retirement System Investment Commission | Real Assets | Real Assets / Infrastructure | 0.12% | 6–18% | 75% ODCE / 25% Burgiss Core USD Infrastructure > $1 billion | Our copy |
| South Carolina Retirement System Investment Commission | Real Estate | Real Estate | — | 6–14% | — | Our copy |
| South Carolina Retirement System Investment Commission | Infrastructure | Real Assets / Infrastructure | — | 0–6% | — | Our copy |
| St. Paul Teachers | Global/Domestic Equity | Public Equity | 55% | — | — | Our copy |
| St. Paul Teachers | Global/Domestic Fixed Income | Fixed Income | 20% | — | — | Our copy |
| St. Paul Teachers | Inflation Hedged/Real Assets | Real Assets / Infrastructure | 11% | — | — | Our copy |
| St. Paul Teachers | Private Equity/Alternatives | Private Equity | 9% | — | — | Our copy |
| St. Paul Teachers | Hedge Funds | Hedge Funds / Absolute Return | 5% | — | — | Our copy |
| St. Paul Teachers | Global/Domestic Equity (broad cap U.S.) | Public Equity | — | — | Russell 3000 | Our copy |
| St. Paul Teachers | Global Equity | Public Equity | — | — | MSCI ACWIMSCI-ACWI | Our copy |
| St. Paul Teachers | Non-US Developed Markets Equity | Public Equity | — | — | MSCI EAFE (Europe, Australia, Far East)MSCI EAFE (Europe, Australia, Far East) Index | Our copy |
| St. Paul Teachers | Emerging Markets with Developed Equities | Public Equity | — | — | ACWI ex USMSCI-ACWI Ex-US | Our copy |
| St. Paul Teachers | US Fixed Income | Fixed Income | — | — | Barclays Aggregate or Barclays Government CreditBarclays Aggregate Index or Barclays Government Credit Index | Our copy |
| St. Paul Teachers | Global Fixed Income | Fixed Income | — | — | Barclays Global Aggregate | Our copy |
| Tennessee Consolidated Retirement System | Equity - United States | Public Equity | 31% | — | — | Our copy |
| Tennessee Consolidated Retirement System | Equity - Canadian | Public Equity | 2% | — | — | Our copy |
| Tennessee Consolidated Retirement System | Equity - International Developed Markets | Public Equity | 12% | — | — | Our copy |
| Tennessee Consolidated Retirement System | Equity - Emerging Markets | Public Equity | 4% | — | — | Our copy |
| Tennessee Consolidated Retirement System | Core Fixed Income Securities | Fixed Income | 20% | 0–60% | FTSE US Large Pension Fund Baseline BondFTSE US Large Pension Fund Baseline Bond Index | Our copy |
| Tennessee Consolidated Retirement System | Inflation Indexed Bonds | Fixed Income | 0% | 0–15% | Citi TIPSCitigroup TIPS Index | Our copy |
| Tennessee Consolidated Retirement System | Private Equity - Traditional | Private Equity | 10% | — | — | Our copy |
| Tennessee Consolidated Retirement System | Private Equity - Strategic Lending | Private Credit / Debt | 10% | — | — | Our copy |
| Tennessee Consolidated Retirement System | Real Estate | Real Estate | 10% | 0–20% | NCREIF ODCE (ODCE)NCREIF Open End Diversified Core Equity Index (ODCE) | Our copy |
| Tennessee Consolidated Retirement System | Cash and Cash Equivalents | Cash | 1% | 0–10% | 30-Day US Treasury-Bill30-Day U.S. Treasury-Bill index | Our copy |
| Tennessee Consolidated Retirement System | Domestic Equity | Public Equity | — | 25–50% | — | Our copy |
| Tennessee Consolidated Retirement System | International Equity | Public Equity | — | 5–25% | — | Our copy |
| Tennessee Consolidated Retirement System | Emerging Markets Equity | Public Equity | — | 0–10% | — | Our copy |
| Tennessee Consolidated Retirement System | International Fixed Income Securities | Fixed Income | — | 0–10% | — | Our copy |
| Tennessee Consolidated Retirement System | Private Equity | Private Equity | — | 0–40% | Cambridge Custom Private Equity BenchmarkCambridge Associates Custom Private Equity Benchmark | Our copy |
| Tennessee Consolidated Retirement System | Equity — United States | Public Equity | — | — | S&P 1500 | Our copy |
| Tennessee Consolidated Retirement System | Equity — Canadian | Public Equity | — | — | S&P / TSX 60S&P / TSX 60 Index | Our copy |
| Tennessee Consolidated Retirement System | Equity — International Developed Markets | Public Equity | — | — | MSCI EAFE IMI (IMI)MSCI EAFE Investable Market Index (IMI) | Our copy |
| Tennessee Consolidated Retirement System | Equity — Emerging Markets | Public Equity | — | — | MSCI Emerging MarketsMSCI Emerging Markets Index | Our copy |
| Tennessee Consolidated Retirement System | Strategic Lending | Private Credit / Debt | — | — | Custom : 50% Barclay's High Yield 2% Issuer Capped + 50% Credit Suisse Leveraged LoanCustom Index: 50% Barclay's High Yield 2% Issuer Capped Index + 50% Credit Suisse Leveraged Loan Index | Our copy |
| Texas County & District | U.S. Equities | Public Equity | 13% | — | DJ US Total Stock MarketDow Jones U.S. Total Stock Market Index | Our copy |
| Texas County & District | Global Equities | Public Equity | 4% | — | MSCI WorldMSCI World (net) Index | Our copy |
| Texas County & District | Intl Equities - Developed Markets | Public Equity | 6% | — | — | Our copy |
| Texas County & District | Intl Equities - Emerging Markets | Public Equity | 0% | — | — | Our copy |
| Texas County & District | Investment-grade Bonds | Fixed Income | 3% | — | Bloomberg US Aggregate BondBloomberg US Aggregate Bond Index | Our copy |
| Texas County & District | Strategic Credit | Fixed Income | 9% | — | FTSE High-Yield Cash-PayFTSE High-Yield Cash-Pay Index | Our copy |
| Texas County & District | Direct Lending | Private Credit / Debt | 16% | — | Morningstar LSTA US Leveraged Loan USDMorningstar LSTA US Leveraged Loan TR USD Index | Our copy |
| Texas County & District | Distressed Debt | Private Credit / Debt | 4% | — | Cambridge Distressed SecuritiesCambridge Associates Distressed Securities Index | Our copy |
| Texas County & District | TIPS | Fixed Income | 0% | — | Bloomberg US 10 Year Breakeven InflationBloomberg US 10 Year Breakeven Inflation Index | Our copy |
| Texas County & District | REIT Equities | Real Estate | 1% | — | 67% FTSE NAREIT All Equity REITs +33% S&P Global REIT67% FTSE NAREIT All Equity REITs Index +33% S&P Global REIT (net) Index | Our copy |
| Texas County & District | Gold | Real Assets / Infrastructure | 3% | — | Bloomberg Gold Subindex | Our copy |
| Texas County & District | Commodities | Real Assets / Infrastructure | 1% | — | Bloomberg CommoditiesBloomberg Commodities Index | Our copy |
| Texas County & District | Master Limited Partnerships | Multi-Asset / Other | 1% | — | Alerian MLPAlerian MLP Index | Our copy |
| Texas County & District | Private Real Estate Partnerships | Real Estate | 6% | — | Cambridge Real EstateCambridge Associates Real Estate Index | Our copy |
| Texas County & District | Private Equity | Private Equity | 25% | — | Cambridge Global Private Equity & Venture CapitalCambridge Associates Global Private Equity & Venture Capital Index | Our copy |
| Texas County & District | Hedge Funds | Hedge Funds / Absolute Return | 6% | — | HFR, Inc. (HFRI) Fund of Funds CompositeHFR, Inc. (HFRI) Fund of Funds Composite Index | Our copy |
| Texas County & District | Cash Equivalents | Cash | 2% | — | 90-Day US Treasury90-day US Treasury | Our copy |
| Texas County & District | Intl Equities – Developed Markets | Public Equity | — | — | MSCI World ex USAMSCI World ex USA (net) Index | Our copy |
| Texas County & District | Intl Equities – Emerging Markets | Public Equity | — | — | MSCI Emerging MarketsMSCI Emerging Markets (net) Index | Our copy |
| Texas ERS | Return Seeking Assets | Multi-Asset / Other | 80% | 70–88% | — | Our copy |
| Texas ERS | Global Equity | Public Equity | 52% | 42–61% | — | Our copy |
| Texas ERS | Public Equity | Public Equity | 36% | 26–46% | Bloomberg Global Investor Friendly Net (BGIFN)Bloomberg Global Investor Friendly Net Total Return Index (BGIFN) | Our copy |
| Texas ERS | Private Equity | Private Equity | 16% | 11–21% | Median of Wilshire Associates TUCS Total Private Equity Return of Master Trusts for Public Plans > $5 Billion | Our copy |
| Texas ERS | Global Credit | Fixed Income | 12% | 6–21% | — | Our copy |
| Texas ERS | Public Credit | Fixed Income | 9% | 4–14% | Bloomberg US High Yield 2% Issuer Capped Cash Pay (LF89TRUU)Bloomberg US High Yield 2% Issuer Capped Cash Pay Total Return Index (LF89TRUU) | Our copy |
| Texas ERS | Private Credit | Private Credit / Debt | 3% | 0–8% | Morningstar LSTA US Leveraged Loan (SPBDAL) + 1.5% annuallyMorningstar LSTA US Leveraged Loan Total Return Index (SPBDAL) + 150 bps annually | Our copy |
| Texas ERS | Real Assets | Real Assets / Infrastructure | 16% | 11–21% | — | Our copy |
| Texas ERS | Real Estate | Real Estate | 10% | 5–15% | NCREIF Fund – Open End Diversified Core Equity (NCREIF ODCE)NCREIF Fund Index – Open End Diversified Core Equity (NFI-ODCE) | Our copy |
| Texas ERS | Infrastructure | Real Assets / Infrastructure | 6% | 1–11% | CPI Urban Consumers NSA (CPURNSA) + 4% annuallyUS CPI Urban Consumers NSA Index (CPURNSA) + 400 bps annually | Our copy |
| Texas ERS | Risk Reducing Assets | Multi-Asset / Other | 20% | 12–30% | — | Our copy |
| Texas ERS | Liquidity Assets | Cash | 14% | 8–22% | — | Our copy |
| Texas ERS | Rates | Fixed Income | 12% | 7–17% | Bloomberg US Intermediate Treasury (LT08TRUU)Bloomberg US Intermediate Treasury Total Return Index (LT08TRUU) | Our copy |
| Texas ERS | Cash & Equivalents | Cash | 2% | 1–10% | ICE BofA US 3-Month T-Bill (G0O1)ICE BofA U.S. 3-Month Treasury Bill Index (G0O1) | Our copy |
| Texas ERS | Diversifying Assets | Hedge Funds / Absolute Return | 6% | 4–10% | — | Our copy |
| Texas ERS | Hedge Funds | Hedge Funds / Absolute Return | 6% | 0–11% | HFRI FOF: Conservative (HFRIFOFC)HFRI FOF: Conservative Index (HFRIFOFC) | Our copy |
| Texas ERS | Special Situations | Multi-Asset / Other | 0% | 0–5% | — | Our copy |
| Texas ERS | Public Equity - Domestic | Public Equity | — | — | MSCI USA (NDDUUS)MSCI USA Total Return Index (NDDUUS) | Our copy |
| Texas ERS | Public Equity - International | Public Equity | — | — | MSCI ACWI IMI ex-USA (M1WDUIM)MSCI ACWI IMI ex-USA Total Return Index (M1WDUIM) | Our copy |
| Texas ERS | Insurance & Benefits Fund - Public Credit | Fixed Income | — | — | Bloomberg US High Yield 2% Issuer Capped Cash Pay (LF89TRUU)Bloomberg US High Yield 2% Issuer Capped Cash Pay Total Return Index (LF89TRUU) | Our copy |
| Texas ERS | Insurance & Benefits Fund - Rates | Multi-Asset / Other | — | — | Bloomberg US Intermediate Treasury (LT08TRUU)Bloomberg US Intermediate Treasury Total Return Index (LT08TRUU) | Our copy |
| Texas ERS | Insurance & Benefits Fund - Cash & Equivalents | Cash | — | — | ICE BofA US 3-Month T-Bill (G0O1)ICE BofA U.S. 3-Month Treasury Bill Index (G0O1) | Our copy |
| Texas ERS | Retiree Health Fund | Multi-Asset / Other | — | — | 3-Month Treasury bills3-month Treasury bills | Our copy |
| Texas Municipal | Public Equity | Public Equity | 35% | 25–45% | MSCI ACWI IMI ex-China ex-Hong KongMSCI ACWI IMI ex-China ex-Hong Kong (Net) | Our copy |
| Texas Municipal | Private Equity | Private Equity | 20% | 12–28% | Cambridge Global Private Equity & Venture Capital | Our copy |
| Texas Municipal | Hedge Funds | Hedge Funds / Absolute Return | 6% | 0–11% | HFRI Asset Weighted Composite | Our copy |
| Texas Municipal | Credit | Fixed Income | 21% | 13–29% | 40% ICE BofA 1-3 yr. A-BBB US Corporate + 60% CS Leverage Loans + 1%40% ICE BofA 1-3 yr. A-BBB US Corporate Index + 60% CS Leverage Loans Index + 100 bps | Our copy |
| Texas Municipal | Real Assets | Real Assets / Infrastructure | 18% | 10–26% | 50% Cambridge Infrastructure + 50% NCREIF NCREIF ODCE50% Cambridge Infrastructure + 50% NCREIF NFI-ODCE (Net) | Our copy |
| Texas Teachers | Global Equity | Public Equity | 57% | 50–64% | — | Our copy |
| Texas Teachers | Stable Value | Multi-Asset / Other | 21% | 14–28% | — | Our copy |
| Texas Teachers | Real Return | Real Assets / Infrastructure | 21% | 14–28% | — | Our copy |
| Texas Teachers | Risk Parity | Hedge Funds / Absolute Return | 5% | 0–10% | HFR Risk Parity Vol 12 Institutional (HFRPV12I)HFR Risk Parity Vol 12 Institutional Index (HFRPV12I) | Our copy |
| Texas Teachers | All Country | Public Equity | — | 29% to 44% with -5% to +5% adjustments | MSCI ACWI Investible Market ex China and Hong Kong (NU753853)MSCI All Country World Investible Market ex China and Hong Kong (NU753853) | Our copy |
| Texas Teachers | Non-US Developed | Public Equity | — | 0–10% | MSCI EAFE and Canada Investible Market ex Hong Kong (NU757408) | Our copy |
| Texas Teachers | Emerging Markets | Public Equity | — | -4% to 6% | MSCI EM Investible Market ex China (NU711294) | Our copy |
| Texas Teachers | Private Equity | Private Equity | — | 7–19% | Customized State Street Private Equity – lagged one quarterCustomized State Street Private Equity Index – lagged one quarter | Our copy |
| Texas Teachers | USA | Public Equity | — | — | MSCI USA Investible Market (MIMUUSAG) | Our copy |
| Texas Teachers | Government Bonds – Nominal | Fixed Income | — | — | Bloomberg US Long Treasury (LUTLTRUU)Bloomberg US Long Treasury Index (LUTLTRUU) | Our copy |
| Texas Teachers | Government Bonds – Real | Fixed Income | — | — | Bloomberg US Treasury TIPS (LBUTTRUU)Bloomberg US Treasury TIPS Index (LBUTTRUU) | Our copy |
| Texas Teachers | Absolute Return (Including Credit Sensitive Investments) | Hedge Funds / Absolute Return | — | — | SOFR + 4% | Our copy |
| Texas Teachers | Stable Value Hedge Funds | Hedge Funds / Absolute Return | — | — | SOFR + 2.5% | Our copy |
| Texas Teachers | Real Estate | Real Estate | — | — | NCREIF ODCE (1 Qtr Arrears)NCREIF ODCE – lagged one quarter | Our copy |
| Texas Teachers | Energy, Natural Resources and Infrastructure | Real Assets / Infrastructure | — | — | 40% Cambridge Natural Resources/40% Cambridge Infrastructure/20% quarterly Consumer Price – lagged one quarter40% Cambridge Associates Natural Resources/40% Cambridge Associates Infrastructure/20% quarterly Consumer Price Index– lagged one quarter | Our copy |
| Texas Teachers | Commodities | Real Assets / Infrastructure | — | — | Goldman Sachs Commodity (SPGCCITR)Goldman Sachs Commodity Index (SPGCCITR) | Our copy |
| Texas Teachers | Cash | Cash | — | — | FTSE 3-Month T-Bill (SBMMTB3)FTSE 3 Month Treasury Bill (SBMMTB3) | Our copy |
| Texas Teachers | Asset Allocation Leverage | Multi-Asset / Other | — | — | SOFR + 0.26161%SOFR + 26.161 bp | Our copy |
| University of California | Public Equity | Public Equity | 57% | 40–70% | MSCI ACWI IMI Tobacco and Fossil Fuel FreeMSCI All Country World Index (ACWI) Investable Market Index (IMI) Tobacco and Fossil Fuel Free - Net Dividends | Our copy |
| University of California | Core Fixed Income | Fixed Income | 14% | 8–20% | Bloomberg 1-5 Year US Government/CreditBloomberg 1-5 Year US Government/Credit Index | Our copy |
| University of California | High Yield Fixed Income | Fixed Income | 3% | 0–10% | ICE BofA High Yield Cash Pay Fossil FreeICE BofA High Yield Cash Pay Index Fossil Free | Our copy |
| University of California | Private Equity | Private Equity | 12% | 5–20% | Russell 3000 + 3% | Our copy |
| University of California | Real Estate | Real Estate | 7% | 2–20% | NCREIF ODCE non-laggedNCREIF Fund Index – Open End Diversified Core Equity (ODCE) non-lagged | Our copy |
| University of California | Real Assets | Real Assets / Infrastructure | 3% | 0–10% | Actual Real Assets Portfolio Return | Our copy |
| University of California | Private Credit | Private Credit / Debt | 3% | 0–10% | 75% S&P UBS Leveraged Loan + 25% ICE BofA BB-B US High Yield Constrained Fossil Free + 1.5%75% S&P UBS Leveraged Loan Index + 25% ICE BofA BB-B US High Yield Constrained Fossil Free Index +1.5% | Our copy |
| University of California | Cash | Cash | 1% | 0–5% | ICE BofA 3 Mo US T-BillICE BofA 3-Month US Treasury Bill Index | Our copy |
| Vermont Pension Investment Commission | Global Equity | Public Equity | — | — | MSCI ACWI IMI | Our copy |
| Vermont Pension Investment Commission | U.S. Large Cap Core Equity | Public Equity | — | — | S&P 500S & P 500 (Cap Wtd) | Our copy |
| Vermont Pension Investment Commission | Small/Mid Cap Core Equity | Public Equity | — | — | Russell 2500 | Our copy |
| Vermont Pension Investment Commission | International Equity | Public Equity | — | — | ACWI ex US | Our copy |
| Vermont Pension Investment Commission | Emerging Market Equity | Public Equity | — | — | MSCI EM | Our copy |
| Vermont Pension Investment Commission | Core Fixed Income | Fixed Income | — | — | Bloomberg US AggregateBloomberg Barclays US Aggregate Bond | Our copy |
| Vermont Pension Investment Commission | Global Fixed Income | Fixed Income | — | — | Citi WGBI | Our copy |
| Vermont Pension Investment Commission | Emerging Market Debt | Fixed Income | — | — | JP Morgan Emerging Market Bond GlobalJP Morgan Emerging Market Bond Index Global | Our copy |
| Vermont Pension Investment Commission | TIPS | Fixed Income | — | — | Bloomberg US TIPSBloomberg Barclays US TIPS | Our copy |
| Vermont Pension Investment Commission | Core Real Estate | Real Estate | — | — | NCREIF ODCE | Our copy |
| Vermont Pension Investment Commission | Non-Core Real Estate | Real Estate | — | — | NCREIF ODCE + 2% | Our copy |
| Vermont Pension Investment Commission | Hedge Fund of Funds | Hedge Funds / Absolute Return | — | — | HFRI Fund of Funds | Our copy |
| Vermont Pension Investment Commission | Commodities | Real Assets / Infrastructure | — | — | Bloomberg CommodityBloomberg Commodity Index | Our copy |
| Vermont Pension Investment Commission | Farmland | Real Assets / Infrastructure | — | — | NCREIF Farmland | Our copy |
| Vermont Pension Investment Commission | Private Equity | Private Equity | — | — | Cambridge Private Equity | Our copy |
| Vermont Pension Investment Commission | Private Credit | Private Credit / Debt | — | — | CS Leveraged Loan + 2% (Spliced) | Our copy |
| Vermont Pension Investment Commission | Cash Equivalents | Cash | — | — | ICE BofA 3 Mo US T-BillICE BofAML 3 Mo US T-Bill | Our copy |
| Vermont Pension Investment Commission | High-Yield Fixed Income | Fixed Income | — | — | Bloomberg US High YieldBloomberg Barclays High Yield | Our copy |
| Vermont Pension Investment Commission | Infrastructure | Real Assets / Infrastructure | — | — | CPI + 3% | Our copy |
| Virginia RS | Public Equity | Public Equity | 32% | 25–39% | MSCI ACWI IMI ex Selected Countries (net VRS taxes) (85%) and MSCI World Min Vol ex Selected Countries (net VRS taxes) (15%)MSCI ACWI IMI Index ex Selected Countries (net VRS taxes) (85%) and MSCI World Min Vol Index ex Selected Countries (net VRS taxes) (15%) | Our copy |
| Virginia RS | Private Equity | Private Equity | 15% | 8–22% | Regional benchmarks of MSCI ACWI IMI ex Selected Countries (net VRS taxes) lagged by three months, weighted 75% North America, 20% Europe, 5% Asia and Emerging Markets (80%) and MSCI Private Equity excluding venture capital and excluding funds under $1B in size lagged by three months (20%)Regional benchmarks of MSCI ACWI IMI Index ex Selected Countries (net VRS taxes) lagged by three months, weighted 75% North America, 20% Europe, 5% Asia and Emerging Markets (80%) and MSCI Private Equity Index excluding venture capital and excluding funds under $1B in size lagged by three months (20%) | Our copy |
| Virginia RS | Real Assets | Real Assets / Infrastructure | 14% | 7–21% | Market value weighted blend of NCREIF Private Real Estate Benchmark (ODCE lagged by three months) and Other Real Assets Custom Benchmark (CPI-U plus 400 basis points per annum lagged by three months)Market value weighted blend of NCREIF Private Real Estate Benchmark (ODCE Index (net) lagged by three months) and Other Real Assets Custom Benchmark (CPI-U Index plus 400 basis points per annum lagged by three months) | Our copy |
| Virginia RS | Credit Strategies | Fixed Income | 16% | 9–23% | Morningstar LSTA Performing Loan (50%) and Bloomberg US High Yield Ba/B 2% Issuer Cap (50%)Morningstar LSTA Performing Loan Index (50%) and Bloomberg U.S. High Yield Ba/B 2% Issuer Cap Index (50%) | Our copy |
| Virginia RS | Diversifying Strategies | Hedge Funds / Absolute Return | 6% | 3–11% | ICE BofA US 3-Month T-Bill plus 250 basis points per annum (75%) and HFRI Institutional Trend Following Directional (25%)ICE BofA U.S. 3-Month Treasury Bill Index plus 250 basis points per annum (75%) and HFRI Institutional Trend Following Directional Index (25%) | Our copy |
| Virginia RS | Private Investment Partnerships | Multi-Asset / Other | 2% | 0–4% | Weighted average of Private Equity Custom Benchmark (33%), NCREIF Private Real Estate Benchmark (25%), Other Real Assets Custom Benchmark (8%), and Credit Strategies Custom Benchmark (34%) | Our copy |
| Virginia RS | Exposure Management Portfolio | Multi-Asset / Other | 0% | 0–6% | — | Our copy |
| Virginia RS | Fixed Income | Fixed Income | 16% | 12–23% | Bloomberg US Aggregate Bond (90%), Bloomberg US High Yield Ba/B 2% Issuer Cap (5%), and JP Morgan EMBI Global Core (5%)Bloomberg U.S. Aggregate Bond Index (90%), Bloomberg U.S. High Yield Ba/B 2% Issuer Cap Index (5%), and JP Morgan EMBI Global Core Index (5%) | Our copy |
| Virginia RS | Cash | Cash | 2% | 0–7% | ICE BofA 3 Mo US T-BillICE BofA U.S. 3-Month Treasury Bill Index | Our copy |
| West Virginia Investment Management Board | TIPS | Fixed Income | — | ±5% of total plan assets | Bloomberg 1-10 Year Treasury Inflation Protected Securities (TIPS)Bloomberg 1-10 Year Treasury Inflation Protected Securities (TIPS) Index | Our copy |
| West Virginia Investment Management Board | Cash | Cash | — | ±5% of total plan assets | FTSE 3-Month T-BillFTSE 3 Month T-Bill Index | Our copy |
| West Virginia Investment Management Board | Domestic Equity (Large Cap) | Public Equity | — | — | S&P 500S&P 500 Index | Our copy |
| West Virginia Investment Management Board | Domestic Equity (Non-Large Cap) | Public Equity | — | — | Russell 2500Russell 2500 Index | Our copy |
| West Virginia Investment Management Board | Domestic Equity (Overall) | Public Equity | — | — | Russell 3000Russell 3000 Index | Our copy |
| West Virginia Investment Management Board | International Equity (Overall) | Public Equity | — | — | MSCI ACWI IMIMSCI ACWI (IMI) | Our copy |
| West Virginia Investment Management Board | International Equity (ex-US) | Public Equity | — | — | MSCI ACWI ex-US IMIMSCI ACWI ex-U.S. (IMI) Index | Our copy |
| West Virginia Investment Management Board | International Equity (Small Cap) | Public Equity | — | — | MSCI EAFE Small CapMSCI EAFE Small Cap (Net) Index | Our copy |
| West Virginia Investment Management Board | International Equity (Emerging Markets) | Public Equity | — | — | MSCI Emerging MarketsMSCI Emerging Markets Index | Our copy |
| West Virginia Investment Management Board | International Equity (Developed) | Public Equity | — | — | EAFEEAFE Index | Our copy |
| West Virginia Investment Management Board | International Equity (Emerging Markets - Numeric) | Public Equity | — | — | MSCI Emerging Markets Net USDMSCI Emerging Markets Net Total Return USD Index | Our copy |
| West Virginia Investment Management Board | International Equity (Ex-US Small Cap Growth) | Public Equity | — | — | MSCI World Ex-US Small Cap GrowthMSCI World Ex-US Small Cap Growth (Net) Index | Our copy |
| West Virginia Investment Management Board | Fixed Income (Core) | Fixed Income | — | — | Bloomberg US AggregateBloomberg Barclays U.S. Aggregate Index | Our copy |
| West Virginia Investment Management Board | Fixed Income (Total Return) | Fixed Income | — | — | Bloomberg US UniversalBloomberg Barclays U.S. Universal Index | Our copy |
| West Virginia Investment Management Board | Fixed Income (Emerging Markets) | Fixed Income | — | — | 50% JPM EMBI Global Diversified ex GCC + 50% JPM GBI-EM Global Diversified50% JPM EMBI Global Diversified Index ex GCC + 50% JPM GBI-EM Global Diversified Index | Our copy |
| West Virginia Investment Management Board | Fixed Income (Credit Opportunities) | Fixed Income | — | — | ICE Bank of America High YieldICE Bank of America High Yield Index | Our copy |
| West Virginia Investment Management Board | Fixed Income (Strategic Income) | Fixed Income | — | — | Bloomberg US AggregateBloomberg U.S. Aggregate Bond Index | Our copy |
| West Virginia Investment Management Board | Short-Term Pool | Cash | — | — | FTSE 3-Month T-BillFTSE 3 Month T-Bill Index | Our copy |
| West Virginia Investment Management Board | Portable Alpha Pool | Hedge Funds / Absolute Return | — | — | S&P 500S&P 500 Index | Our copy |
| West Virginia Investment Management Board | Portable Alpha - Equity Beta Replication | Hedge Funds / Absolute Return | — | — | S&P 500 minus SOFR minus 15bpsS&P 500 Index minus SOFR minus 15bps | Our copy |
| West Virginia Investment Management Board | Portable Alpha - Alternative Risk Premia | Hedge Funds / Absolute Return | — | — | FTSE 3-Month T-Bill + 2%FTSE 3 Month T-Bill Index + 200 basis points | Our copy |
| West Virginia Investment Management Board | Portable Alpha - Government Securities | Hedge Funds / Absolute Return | — | — | Bloomberg Barclay's Capital US Government BondBloomberg Barclay's Capital U.S. Government Bond Index | Our copy |
| West Virginia Investment Management Board | Absolute Return Pool | Hedge Funds / Absolute Return | — | — | Hedge Funds Research, Inc. Fund-of-Funds Composite + 1%Hedge Funds Research, Inc. Fund-of-Funds Composite Index + 100 basis points | Our copy |
| West Virginia Investment Management Board | Private Equity | Private Equity | — | — | Cambridge LLC Global Private EquityCambridge Associates LLC Global Private Equity Index | Our copy |
| West Virginia Investment Management Board | Private Equity (Secondary) | Private Equity | — | — | Russell 3000 + 3%Russell 3000 Index + 300 basis points | Our copy |
| West Virginia Investment Management Board | Private Credit & Income | Private Credit / Debt | — | — | Morningstar LSTA US Leveraged Loan plus 150 basis pointsMorningstar LSTA U.S. Leveraged Loan Index plus 150 basis points | Our copy |
| West Virginia Investment Management Board | Private Credit & Income (Secondary) | Private Credit / Debt | — | — | Secured Overnight Financing Rate (SOFR) plus 400 basis points | Our copy |
| West Virginia Investment Management Board | Real Estate | Real Estate | — | — | NCREIF ODCE + 1%NFI-ODCE (net) + 100 basis points | Our copy |
| West Virginia Investment Management Board | Real Estate (Secondary) | Real Estate | — | — | NCRIEF NPI + 1%NCRIEF NPI + 100 basis points | Our copy |
| Wisconsin RScore fund · one of 2 portfolios in the document | public equity | Public Equity | 36% | 30–42% | — | Our copy |
| Wisconsin RScore fund · one of 2 portfolios in the document | public fixed income | Fixed Income | 27% | 21–33% | — | Our copy |
| Wisconsin RScore fund · one of 2 portfolios in the document | inflation sensitive assets | Real Assets / Infrastructure | 19% | 14–24% | — | Our copy |
| Wisconsin RScore fund · one of 2 portfolios in the document | private equity debt | Private Equity | 20% | 12–28% | — | Our copy |
| Wisconsin RScore fund · one of 2 portfolios in the document | real estate | Real Estate | 8% | 4–12% | — | Our copy |
| Wyoming Public Employees | Cash | Cash | 0.5% | 0–3% | ICE BofA 3-Month US T-BillICE BofA 3 Month U.S. T-Bill | Our copy |
| Wyoming Public Employees | Gold | Real Assets / Infrastructure | 1.5% | 0–7% | IShares Gold Trust ETF (IAUM) | Our copy |
| Wyoming Public Employees | Total Fixed Income | Fixed Income | 20.5% | — | Blended Benchmark | Our copy |
| Wyoming Public Employees | Total Equity | Public Equity | 48% | — | Blended Benchmark | Our copy |
| Wyoming Public Employees | Marketable Alternatives | Multi-Asset / Other | 17% | 12–22% | Blended Benchmark | Our copy |
| Wyoming Public Employees | Private Real Assets | Real Assets / Infrastructure | 12.5% | 9.5–17% | Cambridge Real AssetsCambridge Real Assets (QTR Lag) | Our copy |
| Wyoming Public Employees | Marketable Fixed Income | Fixed Income | — | 6.5–26.5% | — | Our copy |
| Wyoming Public Employees | Private Debt | Private Credit / Debt | — | 2–8% | Cambridge Private DebtCambridge Private Debt (QTR Lag) | Our copy |
| Wyoming Public Employees | Marketable Equity | Public Equity | — | 25–45% | MSCI ACWI IMIMSCI ACWI IMI (Net Dividend) | Our copy |
| Wyoming Public Employees | Private Equity | Private Equity | — | 8–18% | Cambridge Global All Private EquityCambridge Associates Global All Private Equity (QTR Lag) | Our copy |
| Wyoming Public Employees | Core Plus | Fixed Income | — | — | Bloomberg US AggregateBloomberg U.S. Aggregate Index | Our copy |
| Wyoming Public Employees | U.S. Government Debt | Fixed Income | — | — | Bloomberg US GovernmentBloomberg U.S. Government Index | Our copy |
| Wyoming Public Employees | U.S. TIPS | Fixed Income | — | — | Bloomberg US Treasury Inflation Notes: 1-10 YearBloomberg U.S. Treasury Inflation Notes: 1-10 Year Index | Our copy |
| Wyoming Public Employees | Opportunistic Credit | Private Credit / Debt | — | — | 50% S&P UBS Leveraged Loan / 50% Bloomberg US High Yield50% S&P UBS Leveraged Loan / 50% Bloomberg U.S. High Yield | Our copy |
| Wyoming Public Employees | Long/Short Equity, Opportunistic | Public Equity | — | — | HFRI Equity Hedge Long/Short DirectionalHFRI Equity Hedge Long/Short Directional Index | Our copy |
| Wyoming Public Employees | Diversifying | Hedge Funds / Absolute Return | — | — | HFRI Fund of FundsHFRI Fund of Funds Composite Index | Our copy |