003 · Benchmarks
Baltimore City Employees.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Alternative Investments | Multi-Asset / Other | 19% | — | — |
| Cash Equivalents | Cash | 0% | — | — |
| Domestic Equities | Public Equity | 26% | 23–29%+/-3% | Russell 3000Russell 3000 Index |
| Defensive Equities | Public Equity | 7% | — | 50% S&P 500 / 50% 91 Day T-Bill50% S&P 500 Index / 50% 91 Day T-Bill Index |
| Fixed Income | Fixed Income | 18% | 15–21%+/-3% | Bloomberg Capital AggregateBloomberg Capital Aggregate Index |
| International Equities | Public Equity | 15% | 12–18%+/-3% | MSCI ACWI ex USMSCI All Country World Ex U.S. Index |
| Real Estate | Real Estate | 15% | — | NPINPI Index |
| Alternative Investments (Private Equity) | Private Equity | — | — | Prequin Private Equity |
| Alternative Investments (Leveraged Loans) | Fixed Income | — | — | CS Leveraged LoanCredit Suisse Leveraged Loan Index |