003 · Benchmarks
Mississippi PERS.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Public Equities | Public Equity | 57% | 52–62%±5% | — |
| Private Equity | Private Equity | 10% | 5–15%±5% | Cambridge Global Private Equity |
| Real Estate | Real Estate | 10% | 5–15%±5% | NCREIF TotalNCREIF Total Index |
| Private Infrastructure | Real Assets / Infrastructure | 2% | 0–4%±2% | FTSE Developed Core Developed 50/50FTSE Developed Core Developed 50/50 Index |
| Fixed Income | Fixed Income | 18% | 13–23%±5% | Bloomberg Aggregate |
| Private Credit | Private Credit / Debt | 2% | 0–4%±2% | 50% Morningstar Leverage Loans, 50% Bloomberg High Yield Corp, + 1% |
| Cash Equivalents | Cash | 1% | 0–2%±1% | FTSE 1 Mo T-Bill |
| U.S. Equity | Public Equity | — | — | Russell 3000Russell 3000 Index |
| Non-U.S. Equity | Public Equity | — | — | MSCI ACWI ex US IMI |
| Global Equity | Public Equity | — | — | MSCI ACWI IMI |
| Public Equities (composite) | Public Equity | — | — | 44% Russell 3000 , 36% MSCI ACWI ex US IMI , and 20% MSCI ACWI IMI44% Russell 3000 Index, 36% MSCI ACWI ex US IMI Index, and 20% MSCI ACWI IMI |
| Emerging Markets Debt | Fixed Income | — | — | EMBI Global Diversified |
| Core-Plus Fixed Income | Fixed Income | — | — | Bloomberg Aggregate |
| U.S. Core Fixed Income | Fixed Income | — | — | Bloomberg Aggregate |
| Global Fixed Income | Fixed Income | — | — | Bloomberg Global Aggregate (hedged) |
| Short Duration Fixed Income | Fixed Income | — | — | Bloomberg Gov/Credit 1-3 Year |
| Real Estate Core | Real Estate | — | — | NCREIF ODCE Equal WeightNFI-ODCE Equal Weight |
| Real Estate Value-Added | Real Estate | — | — | NCREIF TotalNCREIF Total Index |
| Real Estate REITs | Real Estate | — | — | US Select REIT/NAREIT |