003 · Benchmarks
Alameda County ERS.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| U.S. Equity | Public Equity | 24% | — | Russell 3000 |
| International Equity | Public Equity | 24% | — | MSCI ACWI ex US IMIMSCI ACWI Ex U.S. IMI |
| 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 |
| Real Estate | Real Estate | 9% | — | NCREIF ODCE |
| Private Equity | Private Equity | 11% | — | Cambridge Global All Private Equity Benchmark |
| Absolute Return | Hedge Funds / Absolute Return | 8% | — | HFRI Fund of FundsHFRI Fund of Funds Composite Index |
| 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 |
| 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 |
| Cash | Cash | 0% | — | — |
| Cash and Cash Equivalent | Cash | — | — | 3-Month T-Bill90-Day U.S. Treasury Bills |