003 · Benchmarks
Austin Fire.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Public Domestic Equity | Public Equity | 23% | 16–30% | Russell 3000 |
| Public Foreign Equity | Public Equity | 22% | 15–29% | ACWI ex USMSCI ACWI (ex. U.S.) |
| Private Equity | Private Equity | 12% | 7–17% | MSCI ACWI + 2% (3-month lag)MSCI ACWI +2% on a 3 Month Lag |
| Investment Grade Bonds | Fixed Income | 15% | 10–20% | Bloomberg US AggregateBloomberg Barclays Aggregate |
| TIPS | Fixed Income | 5% | 0–10% | Bloomberg US TIPSBloomberg Barclays U.S. TIPS |
| High Yield/Bank Loans | Fixed Income | 5% | 0–10% | 50% ICE BofA High Yield, 50% Credit Suisse Leverage Loan50% Merrill Lynch High Yield, 50% Credit Suisse Leverage Loan Index |
| Emerging Market Debt | Fixed Income | 5% | 0–10% | Custom EMD Benchmark (50% JPMorgan EMBI Global Diversified, 25% JPMorgan GBI-EM Global Diversified, 25% JPMorgan CEMBI Broad) |
| Core Real Estate | Real Estate | 5% | 0–10% | NCREIF ODCE Equal WeightedNCREIF ODCE Equal Weighted (net) |
| Value Add Real Estate | Real Estate | 5% | 0–10% | NCREIF NPINCREIF Property NPI |
| Core Infrastructure | Real Assets / Infrastructure | 3% | 0–5% | CPI + 2%CPI +2% |
| Cash | Cash | 0% | 0–5% | — |