003 · Benchmarks
Cook County ERS.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Domestic Equity | Public Equity | 32% | 28–36% | Russell 3000 |
| Non-U.S. Equity | Public Equity | 20% | 16–24% | MSCI ACWI ex US IMI |
| Total Fixed Income | Fixed Income | 26% | 22–30% | Custom Fixed Income Benchmark |
| Broad U.S. Fixed Income | Fixed Income | 23.5% | 19.5–27.5% | Bloomberg AggregateBloomberg Aggregate Index |
| Short Duration Fixed Income | Fixed Income | 2.5% | 0–5% | Bloomberg 1-3 Yr Government/CreditBloomberg 1-3 Yr Government/Credit Index |
| Real Estate | Real Estate | 9% | 5–13% | Custom Real Estate Benchmark (blend of FTSE NAREIT Equity and NCREIF NCREIF ODCE Value Weight Net )Custom Real Estate Benchmark (blend of FTSE NAREIT Equity Index and NCREIF NFI-ODCE Value Weight Net Index) |
| Hedge Funds | Hedge Funds / Absolute Return | 3% | 0–6% | 90-Day SOFR + 4%90 Day SOFR + 4% |
| Private Equity | Private Equity | 5% | 1–9% | Custom Private Equity Benchmark/Cambridge Private Equity |
| Infrastructure | Real Assets / Infrastructure | 2% | 0–4% | — |
| Private Credit | Private Credit / Debt | 2% | 0–4% | — |
| Cash Equivalents | Cash | 1% | 0–5% | 90 T-Bill90 T-Bills |