003 · Benchmarks
New Hampshire RS.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Global Equity | Public Equity | 40% | 30–50% | MSCI ACWI IMI (All Country World IMI)MSCI ACWI IMI (All Country World Index Investable Market Index) |
| Global Fixed Income | Fixed Income | 25% | 18–32% | Bloomberg Capital US Universal BondBloomberg Barclays Capital U.S. Universal Bond Index |
| Private Equity | Private Equity | 10% | 5–15% | Russell 3000 + 2.0%Russell 3000 Index + 2.0% |
| Private Credit | Private Credit / Debt | 10% | 0–15% | 50% S&P/LSTA US Leveraged Loan 100 and 50% Bloomberg High Yield + 1.0%50% S&P/LSTA U.S. Leveraged Loan 100 Index and 50% Bloomberg High Yield Index + 1.0% |
| Infrastructure | Real Assets / Infrastructure | 5% | 0–10% | Consumer Price + 4%Consumer Price Index + 4% |
| Real Estate | Real Estate | 10% | 5–20% | NCREIF NCREIF ODCE ()NCREIF NFI-ODCE Index (net of fees) |
| Cash | Cash | 0% | 0–5% | — |
| Domestic Equity | Public Equity | — | — | Russell 3000Russell 3000 Index |
| Non-U.S Equity | Public Equity | — | — | MSCI ACWI ex USA IMIMSCI ACWI ex USA IMI Index |
| Cash Equivalents | Cash | — | — | Three-month T-BillThree-month Treasury Bill Index |