003 · Benchmarks
Ohio School Employees.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Global Equities | Public Equity | 40% | 35–45% | MSCI ACWI Net (USD)MSCI All Country World Net Total Return Index (USD) |
| Global Private Equity | Private Equity | 14% | 11–17% | MSCI-Burgiss Global Private Equity FundsMSCI-Burgiss Global Private Equity Funds Index |
| Global Fixed Income | Fixed Income | 18% | 13–23% | Bloomberg US Universal BondBloomberg US Universal Bond Index |
| Global Private Credit | Private Credit / Debt | 5% | 3–7% | Quarterly (4 qtrs.) smoothed Morningstar LSTA US Leveraged Loan (one quarter in arrears)Quarterly (4 qtrs.) smoothed Morningstar LSTA US Leveraged Loan Index (one quarter in arrears) |
| Cash Equivalents | Cash | 3% | 1–5% | FTSE 30 Day T-BillFTSE 30 Day Treasury Bill |
| Real Estate | Real Estate | 7% | 4–10% | — |
| Infrastructure | Real Assets / Infrastructure | 10% | 6–14% | — |
| Gold | Real Assets / Infrastructure | 3% | 0–4% | IAUM Gold ETF |
| Opportunistic and Tactical Investments | Multi-Asset / Other | 0% | 0–5% | Bloomberg US Aggregate + 2%Bloomberg US Aggregate Bond Index + 2% |
| Leverage | Multi-Asset / Other | — | 0–10% | — |
| Global Real Estate | Real Estate | — | — | Expanded NCREIF NPI (one quarter in arrears)Expanded NCREIF Property Index (one quarter in arrears) |
| Global Infrastructure | Real Assets / Infrastructure | — | — | Quarterly (4 qtrs.) smoothed CPI +1.20% per quarter |