003 · Benchmarks
Texas Municipal.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Public Equity | Public Equity | 35% | 25–45% | MSCI ACWI IMI ex-China ex-Hong KongMSCI ACWI IMI ex-China ex-Hong Kong (Net) |
| Private Equity | Private Equity | 20% | 12–28% | Cambridge Global Private Equity & Venture Capital |
| Hedge Funds | Hedge Funds / Absolute Return | 6% | 0–11% | HFRI Asset Weighted Composite |
| Credit | Fixed Income | 21% | 13–29% | 40% ICE BofA 1-3 yr. A-BBB US Corporate + 60% CS Leverage Loans + 1%40% ICE BofA 1-3 yr. A-BBB US Corporate Index + 60% CS Leverage Loans Index + 100 bps |
| Real Assets | Real Assets / Infrastructure | 18% | 10–26% | 50% Cambridge Infrastructure + 50% NCREIF NCREIF ODCE50% Cambridge Infrastructure + 50% NCREIF NFI-ODCE (Net) |