003 · Benchmarks
Illinois Universities.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Broad Growth | Multi-Asset / Other | 72% | — | — |
| Traditional Growth | Multi-Asset / Other | 30% | — | MSCI ACWI IMI |
| Stabilized Growth | Multi-Asset / Other | 23% | — | Blend |
| Non-Traditional Growth | Multi-Asset / Other | 19% | — | Blend |
| Inflation Sensitive | Real Assets / Infrastructure | 0% | — | — |
| Principal Protection | Multi-Asset / Other | 8% | — | Bloomberg Intermediate Agg. Ex CreditBloomberg Barclays Intermediate Agg. Ex Credit |
| Crisis Risk Offset | Multi-Asset / Other | 20% | — | — |
| Opportunistic | Multi-Asset / Other | 0% | — | — |
| Core/Core-Plus Real Estate | Real Estate | — | 35-55% of Real Assets component | NCREIF ODCE Value Weight NetNFI-ODCE Value Weight Net |
| Total Broad Growth | Multi-Asset / Other | — | — | Aggregate Blend of Blends |
| U.S. Equity | Public Equity | — | — | DJ US Total Stock MarketDow Jones U.S. Total Stock Market Index |
| Non-U.S. Equity | Public Equity | — | — | MSCI ACWI ex-US IMIMSCI ACWI Ex-US IMI |
| Global Equity | Public Equity | — | — | MSCI ACWI IMI |
| Real Assets | Real Assets / Infrastructure | — | — | Blend |
| Core/Core-Plus Infrastructure | Real Assets / Infrastructure | — | — | FTSE Developed Core Infrastructure 50/50FTSE Developed Core Infrastructure 50/50 Index |
| Total Public Credit | Fixed Income | — | — | 25%IG+30%HY+30%EMD+15%BL Blend Hedged |
| Investment Grade | Fixed Income | — | — | BB Global Agg Corporate HedgedBB Global Agg Corporate Index Hedged |
| High Yield | Fixed Income | — | — | ICE/BoA Global HY Constrained Hedged |
| Emerging Market Debt (EMD) | Fixed Income | — | — | 50% JPM EM Bond - Global Diversified + 50% JPM Corp. EM Bond - Broad Hedged50% JPM EM Bond Index - Global Diversified + 50% JPM Corp. EM Bond Index - Broad Hedged |
| Bank Loans | Fixed Income | — | — | S&P US LSTA Leveraged Loan HedgedS&P U.S. LSTA Leveraged Loan Hedged |
| Private Credit | Private Credit / Debt | — | — | 50% ICE/BofA Global HY Constrained +50% S&P LSTA Global Leveraged Loan + 1% Hedged |
| Private Equity | Private Equity | — | — | MSCI ACWI IMI+2.0% |
| Non-Core Real Estate | Real Estate | — | — | NCREIF ODCE Value Weight Net+1.5%NFI-ODCE Value Weight Net+1.5% |
| Farmland | Real Assets / Infrastructure | — | — | NCREIF Farmland PropertyNCREIF Farmland Property Index |
| Non-Core Infrastructure | Real Assets / Infrastructure | — | — | Measured by stated strategy target |
| Total Inflation Sensitive | Real Assets / Infrastructure | — | — | Blend |
| TIPS | Fixed Income | — | — | Bloomberg US TIPSBarclays Capital U.S. TIPS Index |
| Total Crisis Risk Offset | Multi-Asset / Other | — | — | Blend |
| Long Duration | Fixed Income | — | — | BB Long GovernmentBB Long Government Index |
| Long Volatility/Tail Risk | Multi-Asset / Other | — | — | CBOE EurekaHedge Long VolatilityCBOE EurekaHedge Long Volatility Index |
| Systematic Trend Following | Hedge Funds / Absolute Return | — | — | CS Managed Futures (15%Vol) |
| Alternative Risk Premia | Multi-Asset / Other | — | — | 90-Day Treasury Bills + 2.0%90 Day Treasury Bills + 2.0% |