003 · Benchmarks
Illinois Municipal.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| U.S. Equity | Public Equity | 31.5% | 27.5–35.5% | Custom US Equity Benchmark (92% Russell 3000 , 8% FSTE Global Core Infrastructure 50/50 )Custom U.S. Equity Benchmark (92% Russell 3000 Index, 8% FSTE Global Core Infrastructure 50/50 Index (Net)) |
| International Equity | Public Equity | 18% | 14–22% | ACWI ex USMSCI All Country World Index ex USA (net) |
| Fixed Income | Fixed Income | 25% | 21–29% | Custom Fixed Income Benchmark (84% Bloomberg US Aggregate Bond , 8% ICE BofA US High Yield Cash Pay , 8% Custom Global Bank Loan )Custom Fixed Income Benchmark (84% Bloomberg U.S. Aggregate Bond Index, 8% ICE BofA U.S. High Yield Cash Pay Index, 8% Custom Global Bank Loan Index) |
| Private Real Assets | Real Assets / Infrastructure | 11% | 7–15% | Custom Private Real Assets Benchmark (91% NCREIF ODCE , 9% CPI +4%)Custom Private Real Assets Benchmark (91% NCREIF ODCE Index, 9% CPI +4%) |
| Alternative Investments | Multi-Asset / Other | 13.5% | 9.5–17.5% | Custom Alternative Investments (74% MSCI World (1QtrLag)+3%, 26% S&P/LSTA US Leverage Loan 100 +2%)Custom Alternative Investments Index (74% MSCI World Index (Net) (1QtrLag)+3%, 26% S&P/LSTA U.S. Leverage Loan 100 Index +2%) |
| Cash and Equivalents | Cash | 1% | 0–2% | 3-Month T-Bill3-month T-Bills |