003 · Benchmarks
Chicago Teachers.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Domestic Equity | Public Equity | 31% | 28–34% | Russell 3000Russell 3000 Index |
| Global ex-US Equity | Public Equity | 20.5% | 17.5–23.5% | MSCI ACWI ex-US IMIMSCI ACWI ex-US Index IMI |
| Private Equity | Private Equity | 8% | 3–9% | Russell 3000 + 3%Russell 3000 Index + 3% |
| U.S. Fixed Income | Fixed Income | 26.5% | 23.5–29.5% | Bloomberg AggregateBarclays Capital Aggregate Index |
| Real Estate | Real Estate | 9% | 6–12% | NCREIF ODCE Value Weight NetNFI-ODCE Value Weight Net Index |
| 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% |
| Infrastructure | Real Assets / Infrastructure | 2% | 0–4% | FTSE Core Developed Infrastructure 50/50FTSE Core Developed Infrastructure 50/50 Index |
| Large Cap Core Equity | Public Equity | — | — | Russell 1000Russell 1000 Index |
| Large Cap Growth Equity | Public Equity | — | — | Russell 1000 GrowthRussell 1000 Growth Index |
| All Cap Growth Equity | Public Equity | — | — | Russell 3000 GrowthRussell 3000 Growth Index |
| All Cap Value Equity | Public Equity | — | — | Russell 3000 ValueRussell 3000 Value Index |
| Large Cap Value Equity | Public Equity | — | — | Russell 1000 ValueRussell 1000 Value Index |
| Small Cap Core Equity | Public Equity | — | — | Russell 2000Russell 2000 Index |
| Small Cap Value Equity | Public Equity | — | — | Russell 2000 ValueRussell 2000 Value Index |
| Small Cap Growth Equity | Public Equity | — | — | Russell 2000 GrowthRussell 2000 Growth Index |
| International Large Cap Equity - Developed Only | Public Equity | — | — | MSCI EAFEMSCI EAFE Index |
| International Large Cap Equity - All Country | Public Equity | — | — | MSCI ACWI ex-USMSCI ACWI ex-US Index |
| International Large Cap Growth Equity - All Country | Public Equity | — | — | MSCI ACWI ex-US IMI GrowthMSCI ACWI ex-US IMI Growth Index |
| International Small Cap Equity | Public Equity | — | — | MSCI ACWI ex-US Small Cap GrowthMSCI ACWI ex-US Small Cap Growth Index |
| DFA International Small Cap Value | Public Equity | — | — | MSCI World Small Cap ex-USMSCI World Small Cap ex-US Index |
| Emerging Markets Equity | Public Equity | — | — | MSCI Emerging MarketsMSCI Emerging Markets Index |
| Fixed Income BB Aggregate Index | Fixed Income | — | — | Barclays Government/CreditBarclays Government/Credit Index |
| Core Bond | Fixed Income | — | — | Barclays AggregateBarclays Aggregate Index |
| Core Plus Fixed Income | Fixed Income | — | — | Barclays AggregateBarclays Aggregate Index |