003 · Benchmarks
Montgomery County ERS.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Global Public Equity | Public Equity | 25% | 22–28% | — |
| Private Equity | Private Equity | 18% | 15–21% | — |
| Private Credit | Private Credit / Debt | 9% | 6–12% | — |
| U.S. High Yield Bonds | Fixed Income | 3.5% | 2–5% | — |
| Emerging Markets Debt | Fixed Income | 1.5% | 0–3% | — |
| Long Duration U.S. Treasury Bonds | Fixed Income | 2.5% | 1–4% | — |
| U.S. Treasury Bonds | Fixed Income | 6.5% | 3.5–9.5% | — |
| U.S. Investment Grade Corporate Bonds | Fixed Income | 5% | 2–8% | — |
| U.S. TIPS | Fixed Income | 10% | 7–13% | — |
| Diversifying Hedge Funds | Hedge Funds / Absolute Return | 4% | 2.5–5.5% | — |
| Private Real Assets | Real Assets / Infrastructure | 14% | 11–17% | — |
| Cash | Cash | 1% | 0.5–1.5% | — |