003 · Benchmarks
Louisiana SERS.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Equities | Public Equity | 51% | 41–61% | — |
| Domestic Large Cap | Public Equity | 24% | 19–29% | S&P 500 , NASDAQ 100S&P 500 Index, NASDAQ 100 Index |
| Domestic Mid Cap | Public Equity | 5% | 2–8% | S&P Midcap 400S&P Midcap 400 Index |
| Domestic Small Cap | Public Equity | 5% | 2–8% | S&P 600S&P 600 Index |
| Established International (Lg Cap) | Multi-Asset / Other | 7% | 2–12% | MSCI EX-USA , MSCI EX-USA ValueMSCI EX-USA Index, MSCI EX-USA Value Index |
| Established International (Sm Cap) | Multi-Asset / Other | 4% | 0–8% | MSCI World EX-USA Sm CapMSCI World EX-USA Sm Cap Index |
| Emerging International Equity | Public Equity | 6% | 1–11% | MSCI Emerging MarketsMSCI Emerging Markets Index |
| Fixed Income | Fixed Income | 22% | 12–32% | — |
| Core Fixed Income | Fixed Income | 3% | 0–6% | BB BC US Aggregate BondBB BC US Aggregate Bond Index |
| Global Opportunistic Credit | Private Credit / Debt | 16% | 11–21% | 50% BB Barclays Global AGG / 50% BB Global High Yield50% BB Barclays Global AGG Index / 50% BB Global High Yield Index |
| Emerging Market Debt | Fixed Income | 3% | 0–6% | JP Morgan GBI-EM Global DiversifiedJP Morgan GBI-EM Global Diversified Index |
| Alternative Assets | Multi-Asset / Other | 27% | 17–37% | — |
| Private Markets | Multi-Asset / Other | 25% | 20–30% | — |
| Absolute Return | Hedge Funds / Absolute Return | 2% | 0–6% | HFRI Fund of FundsHFRI Fund of Funds Composite Index |
| Cash | Cash | 0% | 0–5% | 90-Day US T-Bill90 Day U.S. T-Bill |