003 · Benchmarks
Louisiana Firefighters.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Large Cap U.S. Equities | Public Equity | 20% | 15–25% | S&P 500 |
| Small to Mid Cap U.S. Equities | Public Equity | 5% | 0–10% | 80% Russell 2500 / 20% DJ US Completion |
| International Equities | Public Equity | 10.5% | 5.5–15.5% | MSCI EAFE / MSCI ACWI ex US |
| Emerging Markets Int'l Equities | Public Equity | 4.5% | 0–9% | — |
| Global Equities | Public Equity | 10% | 5–15% | MSCI ACWI |
| Total Equity | Public Equity | 50% | 40–60% | — |
| Core Fixed Income | Fixed Income | 21% | 16–26% | — |
| US TIPS | Fixed Income | 2% | 0–4% | — |
| Emerging Market Debt | Fixed Income | 2% | 0–4% | — |
| Multisector Fixed Income | Fixed Income | 5% | 0–10% | 75% Bloomberg Global Aggregate / 25% Bloomberg Global High Yield |
| Total Fixed Income | Fixed Income | 30% | 20–40% | — |
| Private Equity | Private Equity | 8% | 3–13% | MSCI Global All Private EquityMSCI Global All Private Equity Index |
| Private Debt | Private Credit / Debt | 4% | 0–8% | MSCI Global CreditMSCI Global Credit Index |
| Real Estate | Real Estate | 4% | 0–8% | NCREIF ODCE |
| Real Assets | Real Assets / Infrastructure | 4% | 0–8% | MSCI Global InfrastructureMSCI Global Infrastructure Index |
| Total Alternatives | Multi-Asset / Other | 20% | 10–30% | — |
| Emerging International Equities | Public Equity | — | — | MSCI Emerging Markets |
| Domestic Core Fixed Income | Fixed Income | — | — | Bloomberg Aggregate |
| Domestic TIPS | Fixed Income | — | — | Bloomberg US TIPS |
| Emerging Market Debt (Blended Currency) | Fixed Income | — | — | 50% JPM EMBI Global Diversified / 50% JPM GBI-EM Global Diversified |
| Cash | Cash | — | — | 90-Day US T-Bill90-Day U.S. T-Bills |