003 · Benchmarks
Idaho PERS.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Equities | Public Equity | — | 66–77% | — |
| Broad Domestic Equity | Public Equity | — | 50–65% | — |
| International | Public Equity | — | 10–20% | — |
| Fixed Income | Fixed Income | — | 23–33% | — |
| Cash | Cash | — | 0–5% | — |
| U.S. Equities (Broad Domestic Equity) | Public Equity | — | — | Russell 3000Russell 3000 Index |
| U.S. Equities (Global Equity Managers) | Public Equity | — | — | MSCI World or MSCI ACWI (MSCI ACWI )MSCI World Index or MSCI All Country World Index (MSCI ACWI Index) |
| International Equities (Developed Markets) | Public Equity | — | — | MSCI EAFE (unhedged) or MSCI ACWI ex US (unhedged)MSCI EAFE Index (unhedged) or MSCI ACWI ex US Index (unhedged) |
| International Equities (Emerging Markets) | Public Equity | — | — | MSCI Emerging Markets (MSCI EMF)MSCI Emerging Markets (MSCI EMF) Index |
| Fixed Income (Non-Mortgage) | Fixed Income | — | — | Bloomberg Government/Credit Bond or Bloomberg Aggregate BondBloomberg Barclays Government/Credit Bond Index or Bloomberg Barclays Aggregate Bond Index |
| Fixed Income (Mortgage) | Fixed Income | — | — | Bloomberg MortgageBloomberg Barclays Mortgage Index |
| Fixed Income (Real Return/TIPS) | Real Assets / Infrastructure | — | — | Bloomberg TIPSBloomberg Barclays TIPS Index |
| Real Estate (Passive REIT Index) | Real Estate | — | — | MSCI US REIT, Dow Jones Select REIT, NAREIT all Equity, or Wilshire REITMSCI US REIT, Dow Jones Select REIT, NAREIT all Equity, or Wilshire REIT Index |
| Real Estate (Open-End/Closed-End Funds and Private) | Real Estate | — | — | NCREIF NPI or Open-End Core Equity (NCREIF ODCE) Value Weight netNCREIF Property Index or Open-End Core Equity (NFI-ODCE) Value Weight net |
| Real Estate (Asset Class Total) | Real Estate | — | — | Russell 3000Russell 3000 Index |
| Alternative Investments (Equity) | Public Equity | — | — | Russell 3000Russell 3000 Index |
| Alternative Investments (Debt) | Fixed Income | — | — | Government/Credit BondGovernment/Credit Bond Index |