003 · Benchmarks
Chicago Laborers.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Fixed Income | Fixed Income | 20% | 15–25% | — |
| Equity | Public Equity | 50% | 40–60% | — |
| Alternatives | Multi-Asset / Other | 30% | 20–40% | — |
| Core U.S. Fixed Income | Fixed Income | 10% | 5–15% | Bloomberg US AggregateBarclays Capital U.S. Aggregate Index |
| Liquid Opportunistic Credit | Fixed Income | 7% | 2–12% | 50% Barclays High Yield / 50% CSFB Leveraged Loan50% Barclays High Yield/50% CSFB Leveraged Loan Index |
| Emerging Markets Debt | Fixed Income | 3% | 0–6% | JPM GBI-EM Global Diversified (Unhedged)JPM GBI-EM Global Diversified Index |
| U.S. Large Cap | Public Equity | 16% | 11–21% | S&P 500S&P 500 Index |
| U.S. Small/Mid Cap | Public Equity | 9% | 4–14% | Russell 2500Russell 2500 Index |
| International Developed Markets Large Cap | Public Equity | 10% | 5–15% | MSCI EAFE |
| International Developed Markets Small Cap | Public Equity | 5% | 0–10% | MSCI EAFE Small CapMSCI EAFE Small Cap Index |
| Emerging Markets | Public Equity | 5% | 0–10% | MSCI Emerging MarketsMSCI Emerging Markets Index |
| Global Equity | Public Equity | 5% | 0–10% | MSCI ACWI Minimum Volatility |
| Real Estate | Real Estate | 10% | 5–15% | NCREIF ODCE and NCREIF NPINCREIF ODCE and NCREIF Property Index |
| Private Real Assets | Real Assets / Infrastructure | 3% | 0–6% | — |
| Private Equity | Private Equity | 4% | 1–7% | Cambridge All Private Equity |
| Private Debt | Private Credit / Debt | 3% | 0–6% | Credit Suisse FB Leveraged Loan and LIBOR + 4% (Infrastructure)Credit Suisse FB Leveraged Loan Index and LIBOR + 4% (Infrastructure) |
| Hedge Funds | Hedge Funds / Absolute Return | 10% | 5–15% | HFRI Equity Hedge and HFRI Equity Relative ValueHFRI Equity Hedge and HFRI Equity Relative Value Index |
| Emerging Markets Small Cap | Public Equity | — | — | MSCI Emerging Markets Small CapMSCI Emerging Markets Small Cap Index |