003 · Benchmarks
Chicago Laborers.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Cash | Cash | 2% | 0–4% | — |
| Core U.S. Fixed Income | Fixed Income | 12% | — | Bloomberg US AggregateBarclays Capital U.S. Aggregate Index |
| Core Plus Fixed Income | Fixed Income | 7% | — | — |
| Liquid Opportunistic Credit | Fixed Income | 5% | — | 50% Barclays High Yield / 50% CSFB Leveraged Loan50% Barclays High Yield / 50% CSFB Leveraged Loan Index |
| Emerging Markets Debt | Fixed Income | 2% | — | JPM GBI-EM Global Diversified (Unhedged)JPM GBI-EM Global Diversified Index |
| U.S. Large Cap | Public Equity | 16% | — | — |
| U.S. Small/Mid Cap | Public Equity | 6% | — | — |
| International Developed Markets Large Cap | Public Equity | 8% | — | MSCI EAFE |
| International Developed Markets Small Cap | Public Equity | 3% | — | MSCI EAFE Small CapMSCI EAFE Small Cap Index |
| Emerging Markets | Public Equity | 4% | — | — |
| Global Equity Low Volatility | Public Equity | 5% | — | MSCI ACWI Minimum Volatility |
| Core Real Estate | Real Estate | 4% | — | NCREIF ODCE |
| Opportunistic Real Estate | Real Estate | 4% | — | NCREIF NPINCREIF Property Index |
| Global Infrastructure | Real Assets / Infrastructure | 5% | — | LIBOR + 4% |
| Private Equity | Private Equity | 6% | — | Cambridge All Private Equity |
| Private Debt | Private Credit / Debt | 6% | — | CS Leveraged LoanCredit Suisse FB Leveraged Loan Index |
| Hedge Funds/Defensive Equity | Hedge Funds / Absolute Return | 5% | — | — |
| Fixed Income | Fixed Income | — | 16–36% | — |
| Equity | Public Equity | — | 32–52% | — |
| Alternatives | Multi-Asset / Other | — | 20–40% | — |
| U.S. Large Cap Equity | Public Equity | — | — | S&P 500S&P 500 Index |
| U.S. Small/Mid Cap Equity | Public Equity | — | — | Russell 2500Russell 2500 Index |
| Emerging Markets Equity | Public Equity | — | — | MSCI Emerging MarketsMSCI Emerging Markets Index |
| Emerging Markets Small Cap Equity | Public Equity | — | — | MSCI Emerging Markets Small CapMSCI Emerging Markets Small Cap Index |
| Hedge Funds - Equity Hedge | Hedge Funds / Absolute Return | — | — | HFRI Equity Hedge |
| Hedge Funds - Relative Value | Hedge Funds / Absolute Return | — | — | HFRI Equity Relative ValueHFRI Equity Relative Value Index |