003 · Benchmarks
Omaha School.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Total Equity | Public Equity | 57.5% | 54.5–60.5% | — |
| U.S. Equity | Public Equity | 24% | 21–27% | DJ US Total Stock MarketDJ US Total Stock Market Index |
| Global Equity | Public Equity | 22% | 19–25% | MSCI ACWI IMIMSCI All Country World IMI |
| Non-U.S. Equity | Public Equity | 11.5% | 8.5–14.5% | MSCI ACWI ex US IMIMSCI All Country World Index ex-U.S. IMI |
| Total Fixed Income | Fixed Income | 30% | 27–33% | — |
| Core Bonds | Fixed Income | 20% | 17–23% | Bloomberg US Aggregate BondBloomberg US Aggregate Bond Index |
| Return-Seeking | Multi-Asset / Other | 10% | 7–13% | Blended benchmark (25% Bloomberg US Credit , 25% ICE BofA ML HY Master II , 25% JP Morgan EMBI Global Diversified , 25% UBS Global Leveraged Loan USD hedged)Blended benchmark (25% Bloomberg US Credit Index, 25% ICE BofA ML HY Master II Index, 25% JP Morgan EMBI Global Diversified Index, 25% UBS Global Leveraged Loan Index USD hedged) |
| Total Real Assets | Real Assets / Infrastructure | 7.5% | — | — |
| Real Estate | Real Estate | 5.5% | — | NCREIF ODCENFI-ODCE Index |
| Infrastructure | Real Assets / Infrastructure | 2% | — | CPI-U + 4% |
| Private Equity | Private Equity | 5% | — | DJ US Total Stock Market + 3% netDJ US Total Stock Market Index + 3% net |