003 · Benchmarks
Arkansas Teachers.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Total Equity | Public Equity | 53% | 48–58% | DJ US Total Stock Market and MSCI ACWI IMI (weighted blend)Dow Jones U.S. Total Stock Market Index and MSCI ACWI IMI Index (weighted blend) |
| Fixed Income | Fixed Income | 15% | 13–17% | Bloomberg US Universal BondBarclays U.S. Universal Bond Index |
| Opportunistic/Alternatives | Multi-Asset / Other | 5% | No range set | Weighted average of benchmarks of underlying strategies / institutional quality hedge fundWeighted average of benchmarks of underlying strategies / institutional quality hedge fund index |
| Real Assets | Real Assets / Infrastructure | 15% | No range set | — |
| Private Equity | Private Equity | 12% | No range set | DJ US Total Stock Market plus 2 percentage points liquidity premiumDow Jones U.S. Total Stock Market Index plus 2 percentage points liquidity premium |
| Cash Equivalents | Cash | 0% | 0–5% | — |
| Real Estate | Real Estate | — | — | NCREIF Fund Open-end Diversified Core Equity (NFIODCE)NCREIF Fund Index Open-end Diversified Core Equity Index (NFIODCE) |
| Timberland | Real Assets / Infrastructure | — | — | NCREIF Timberland Property (NTPI) and CPI plus 300 basis pointsNCREIF Timberland Property Index (NTPI) and CPI plus 300 basis points |
| Agriculture | Real Assets / Infrastructure | — | — | NCREIF Farmland (NFI) and CPI plus 300 basis pointsNCREIF Farmland Index (NFI) and CPI plus 300 basis points |
| Infrastructure | Real Assets / Infrastructure | — | — | Consumer Price (CPI) plus 5 percentage pointsConsumer Price Index (CPI) plus 5 percentage points |