003 · Benchmarks
Illinois Teachers.
Targets, ranges and benchmarks as the document states them — the long term portfolio, one of 2 in the document. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Equity | Public Equity | 52% | 42–62% | — |
| Public Equity | Public Equity | 37% | 27–47% | MSCI ACWI IMIMSCI ACWI Investable Market Index |
| Private Equity | Private Equity | 15% | 12–18% | MSCI ACWI IMI + 2.00%MSCI ACWI Investable Market Index + 2.00% |
| Real Assets | Real Assets / Infrastructure | 18% | 15–21% | — |
| Real Estate | Real Estate | 14% | 11–17% | TRS Real Estate (mix of NCREIF ODCE, Burgiss Value Add, and Burgiss Opportunistic indices)TRS Real Estate Index (mix of NCREIF Open End Diversified Core Equity, Burgiss Value Add, and Burgiss Opportunistic indices) |
| Other Real Assets | Real Assets / Infrastructure | 4% | 2–6% | CPI + 5.00% |
| Diversifying Strategies | Hedge Funds / Absolute Return | 6% | 3–10% | 33.3% Bloomberg US Long Treasury, 33.3% SocGen Trend, and 33.3% HFR Global Macro |
| Income | Multi-Asset / Other | 24% | 20–30% | — |
| Global Income | Fixed Income | 15% | 10–20% | Bloomberg Aggregate (Hedged)Bloomberg Barclays Aggregate Index (Hedged) |
| Private Credit | Private Credit / Debt | 8% | 5–11% | 50/50 Bloomberg US High Yield / Morningstar LTSA Leveraged Loan Indices50/50 BBG US High Yield / Morningstar LTSA Leveraged Loan Indices |
| Short-Term | Cash | 1% | 0–4% | — |
| Short-term Investments | Cash | — | — | Bloomberg US T-Bill 1-3-MonthBloomberg US Treasury Bill 1-3 Month Index |