003 · Benchmarks
Chicago Municipal.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Fixed Income | Fixed Income | 22% | 17–27% | Bloomberg US AggregateBloomberg U.S. Aggregate Index |
| U.S. Equity | Public Equity | 25% | 20–30% | Russell 3000Russell 3000 Index |
| Global Equity | Public Equity | 4% | 2–6% | — |
| Non-U.S. Equity | Public Equity | 17% | 12–22% | MSCI ACWI ex USMSCI ACWI ex US Index |
| Real Assets | Real Assets / Infrastructure | 11% | 8–14% | — |
| Defensive Equity | Public Equity | 5% | 3–7% | CBOE S&P 500 PutWriteCBOE S&P 500 PutWrite Index |
| Hedge Funds | Hedge Funds / Absolute Return | 10% | 6–14% | HFRI Fund-of-Funds |
| Private Debt/Credit | Private Credit / Debt | 4% | 2–6% | — |
| Private Equity | Private Equity | 4% | 2–6% | Burgiss Global Private CapitalBurgiss Global Private Capital Index |
| Cash | Cash | 3% | 0–25% | 91 Day T-Bill |
| Global Low Volatility | Multi-Asset / Other | — | — | MSCI ACWI Minimum VolatilityMSCI ACWI Minimum Volatility Index |
| Private Debt | Private Credit / Debt | — | — | Burgiss Global Private DebtBurgiss Global Private Debt Index |
| Real Estate | Real Estate | — | — | NCREIF ODCENFI ODCE |
| Infrastructure | Real Assets / Infrastructure | — | — | SOFR + 4% |