003 · Benchmarks
Ohio Police & Fire.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Domestic Equity | Public Equity | 18.6% | 13–24.2%± 5.6% | FT Wilshire 5000FT Wilshire 5000 Total Return Index |
| Non-U.S. Equity | Public Equity | 12.4% | 8.7–16.1%± 3.7% | Morgan Stanley Capital International All Country World ex-US Investible Market ($ Net) (MSCI ACWI ex-US IMI )Morgan Stanley Capital International All Country World Index ex-U.S. Investible Market Index ($ Net) (MSCI ACWI ex-U.S. IMI Index) |
| Private Markets | Multi-Asset / Other | 10% | + 3.0% | See Private Markets Investment Policy (1Q lag)See Private Markets Investment Policy |
| High Yield | Fixed Income | 7% | + 2.1% | ICE ICE BofA (BofA ML) US High Yield Master II ConstrainedICE Bank of America Merrill Lynch (BofA ML) U.S. High Yield Master II Constrained Index |
| Private Credit | Private Credit / Debt | 5% | + 1.5% | See Private Credit Investment Policy |
| Core Fixed Income | Fixed Income | 25% | 20–30%± 5.0% | Bloomberg US AggregateBloomberg U.S. Aggregate Index |
| Cash | Cash | 0% | + 6.3% | 3-Month T-Bill90 Day U.S. Treasury Bill |
| U.S. Inflation Linked Bonds | Fixed Income | 15% | + 3.0% | — |
| Real Estate | Real Estate | 12% | 8.4–15.6%± 3.6% | See Real Estate Investment Policy |
| Real Assets | Real Assets / Infrastructure | 8% | 5.6–10.4%± 2.4% | See Real Assets Investment Policy |
| Midstream Energy Infrastructure | Real Assets / Infrastructure | 5% | 3.5–6.5%± 1.5% | Alerian Midstream EnergyAlerian Midstream Energy Total Return Index |
| Commodities | Real Assets / Infrastructure | 2% | + 0.6% | Bloomberg CommodityBloomberg Commodity Index Total Return |
| Gold | Real Assets / Infrastructure | 5% | + 1.5% | S&P GSCI GoldS&P GSCI Gold Index Total Return |
| U.S. Inflation Linked Bonds (TIPS) | Fixed Income | — | — | Bloomberg US Government Inflation-Linked BondBloomberg U.S. Government Inflation-Linked Bond Index |