003 · Benchmarks
Dallas Police and Fire.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Equity | Public Equity | 64% | — | — |
| Public Equity | Public Equity | 58% | 50–66% | MSCI ACWI IMI Net |
| Private Equity | Private Equity | 6% | — | MSCI ACWI IMI Net + 2%MSCI ACWI IMI Net + 2% 1Q lag |
| Credit | Fixed Income | 15% | — | — |
| Public Credit | Fixed Income | 11% | 7–15% | 35% Bloomberg US HY , 35% Credit Suisse Leveraged Loans, 30% Blended EMD Benchmark35% Bloomberg US HY Index, 35% Credit Suisse Leveraged Loans, 30% Blended EMD Benchmark |
| Private Credit | Private Credit / Debt | 4% | — | 50% Bloomberg US HY / 50% Credit Suisse Leveraged Loans + 1%50% Bloomberg US HY / 50% Credit Suisse Leveraged Loans + 1% 1Q Lag |
| Real Assets | Real Assets / Infrastructure | 8% | — | — |
| Real Estate | Real Estate | 5% | — | NCREIF NPINCREIF Property Index 1Q Lag |
| Natural Resources | Real Assets / Infrastructure | 5% | — | NCREIF FarmlandNCREIF Farmland TR Index 1Q Lag |
| Infrastructure | Real Assets / Infrastructure | 0% | — | S&P Global Infrastructure |
| Fixed Income & Cash | Fixed Income | 13% | — | — |
| Cash | Cash | 3% | 0–6% | 91-Day T-Bill91 Day T-Bills |
| Short Term Investment Grade Bonds | Fixed Income | 6% | 0–9% | Bloomberg 1-3 Year US AggregateBloomberg Barclays 1-3 Year U.S. Aggregate TR |
| Investment Grade Bonds | Fixed Income | 4% | 2–6% | Bloomberg US AggregateBloomberg Barclays U.S. Aggregate TR |
| Huff Energy | Real Assets / Infrastructure | — | — | Actual Return of Fund |