003 · Benchmarks
MainePERS.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Public Equity | Public Equity | 27.5% | 20–35% | Russell 3000 & MSCI ACWI ex-USA IMI, based on ACWI IMI weights |
| Private Equity | Private Equity | 10% | 5–20% | Russell 3000 + 3% |
| Risk Diversifiers | Multi-Asset / Other | 7.5% | 5–10% | 3-Month T-Bill + 3%3-Month Treasury Bill + 3% |
| Real Assets | Real Assets / Infrastructure | 22.5% | 15–25% | CPI-U + 3% |
| Alternative Credit | Private Credit / Debt | 15% | 10–20% | Morningstar LSTA US Leveraged LoanMorningstar LSTA US Leveraged Loan Index |
| Public Fixed Income | Fixed Income | 17.5% | 12.5–25% | 40% Bloomberg US Aggregate ex-Government + 30% Bloomberg US Government Bond + 30% Bloomberg US TIPS40% Bloomberg Barclays US Aggregate ex-Government + 30% Bloomberg Barclays U.S. Government Bond Index + 30% Bloomberg U.S. TIPS Index |
| Cash | Cash | 0% | 0–5% | — |