003 · Benchmarks
Iowa PERS.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Domestic Equities | Public Equity | 21% | 18–24%+/- 3% | Russell 3000 |
| International Equities | Public Equity | 13% | 10–16%+/- 3% | MSCI ACWI ex-USMSCI ACWI ex-U.S. (Net) |
| Core Fixed Income | Fixed Income | 24.5% | 21.5–27.5%+/- 3% | Bloomberg US AggregateBloomberg U.S. Aggregate |
| Public Credit | Fixed Income | 6% | 3–9%+/- 3% | Custom (67% Bloomberg US High Yield 2% Issuer Capped + 33% JP Morgan EMBI Global )Custom Index (67% Bloomberg U.S. High Yield 2% Issuer Capped Index + 33% JP Morgan EMBI Global Index) |
| Cash | Cash | 1% | 0–4%+/- 3% | ICE BofA 91-Day T-BillMerrill Lynch 91-Day T-Bill |
| Private Equity | Private Equity | 17% | — | Portfolio (actual returns) |
| Private Credit | Private Credit / Debt | 8% | — | Portfolio (actual returns) |
| Private Real Assets | Real Assets / Infrastructure | 9.5% | — | Portfolio (actual returns) |