003 · Benchmarks
Michigan Municipal.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Global Equity | Public Equity | 50% | 40–70% | MSCI ACWI IMIMSCI ACWI IMI (net) |
| Global Fixed Income | Fixed Income | 30% | 15–60% | 75% Bloomberg US Aggregate, 12.5% Bloomberg US High Yield, 12.5% J.P. Morgan EMBI Global Diversified75% Bloomberg U.S. Aggregate, 12.5% Bloomberg U.S. High Yield, 12.5% J.P. Morgan EMBI Global Diversified |
| Private Investments | Multi-Asset / Other | 20% | 5–30% | — |