003 · Benchmarks
Louisiana Municipal Police.
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 | 16% | 11–21% | Russell 1000 |
| Small/Mid Cap U.S. Equities | Public Equity | 8% | 3–13% | — |
| Developed International Equities | Public Equity | 20% | 15–25% | — |
| Emerging International Equities | Public Equity | 8% | 3–13% | MSCI Emerging Markets |
| Total Equity | Public Equity | 52% | 43–63% | — |
| Core Bonds | Fixed Income | 14% | 9–19% | — |
| High Yield Bonds | Fixed Income | 2% | 0–7% | — |
| Bank Loans | Fixed Income | 2% | 0–7% | — |
| EMD (local currency) | Fixed Income | 4% | 0–9% | — |
| Total Fixed Income | Fixed Income | 22% | 11–31% | — |
| Private Equity | Private Equity | 5% | 0–10% | — |
| Real Estate | Real Estate | 8% | 3–13% | NCREIF |
| Real Assets (Liquid) | Real Assets / Infrastructure | 2% | 0–4% | — |
| Hedge Funds | Hedge Funds / Absolute Return | 5% | 0–10% | HFRI Fund of Funds |
| Total Alternatives | Multi-Asset / Other | 20% | 10–30% | — |
| Global Tactical Asset Allocation | Hedge Funds / Absolute Return | 6% | 1–11% | — |
| Total Other | Multi-Asset / Other | 6% | 1–11% | — |
| Small to Mid Cap U.S. Equities | Public Equity | — | — | Russell 2500 |
| International Equities | Public Equity | — | — | MSCI EAFE / MSCI ACWI ex US |
| Domestic Fixed Income | Fixed Income | — | — | Bloomberg US AggregateBC Aggregate |
| High Yield | Fixed Income | — | — | BC High YieldBC High Yield Index |
| Bank Loan | Fixed Income | — | — | CSFB Leveraged Loans |
| Emerging Market Debt | Fixed Income | — | — | JPM GBI-EM Global Diversified |
| Private Equity/Debt | Private Equity | — | — | Cambridge Private EquityCambridge Associates Private Equity Index |
| Global Asset Allocation | Multi-Asset / Other | — | — | 60% MSCI ACWI/40% Citi WGBI |
| Real Assets | Real Assets / Infrastructure | — | — | CPI + 3% |
| Cash | Cash | — | — | 90-Day US T-Bill90-Day U.S. T-Bills |