003 · Benchmarks
Missouri DOT and Highway Patrol.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Equities | Public Equity | 50% | — | — |
| Public Equity | Public Equity | 40% | 32.5–47.5% | MSCI ACWIMSCI ACWI Index |
| Private Equity | Private Equity | 10% | 2.5–17.5% | S&P500 + 3% |
| Rates & Credit | Fixed Income | 30% | — | — |
| Traditional Fixed Income | Fixed Income | 22.5% | 15–30% | Barclays Govt./CreditBarclays Govt./Credit Index |
| Opportunistic Debt | Fixed Income | 7.5% | 0–15% | Barclays US Corp. High YieldBarclays U.S. Corp. High Yield |
| Real Assets | Real Assets / Infrastructure | 20% | 2.5–17.5% | CPI + 4% |
| Real Estate | Real Estate | 10% | 2.5–17.5% | NCREIF ODCENFI-ODCE |
| Real Assets (commodities/infrastructure) | Real Assets / Infrastructure | 10% | — | — |
| Inflation Protected Securities | Real Assets / Infrastructure | — | — | Bloomberg US TIPSBarclays Capital U.S. TIPS Index |
| Long Duration Securities | Fixed Income | — | — | Barclays Long Duration US Government CreditBarclays Long Duration U.S. Government Credit Index |
| Core Fixed Income Securities | Fixed Income | — | — | Barclays US Government CreditBarclays U.S. Government Credit Index |
| Natural Resources Program | Real Assets / Infrastructure | — | — | Real Assets Allocation benchmark (CPI + 4%) |