003 · Benchmarks
Cincinnati ERS.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Core Plus Bonds | Fixed Income | 40% | Minimum 9.0% | Bloomberg US AggregateBloomberg U.S. Aggregate |
| Core Bonds | Fixed Income | 30% | Minimum 7.0% | Bloomberg US AggregateBloomberg U.S. Aggregate |
| Opportunistic Credit | Private Credit / Debt | 7% | Minimum 1.0% | — |
| Private Debt | Private Credit / Debt | 23% | Minimum not specified | Bloomberg US AggregateBloomberg U.S. Aggregate |
| U.S. Large Cap | Public Equity | 71% | — | — |
| U.S. Mid Cap | Public Equity | 17% | — | — |
| U.S. Small Cap | Public Equity | 12% | — | — |
| International Large Cap | Public Equity | 85% | — | — |
| International Mid Cap | Public Equity | 15% | — | — |
| Emerging Markets | Public Equity | 30% | — | — |
| Infrastructure | Real Assets / Infrastructure | — | Minimum specified | T-Bill + 4% |
| Volatility Risk Premium | Hedge Funds / Absolute Return | — | Minimum specified | CBOE Put/WriteCBOE Put/Write Index |
| Opportunistic Bonds | Fixed Income | — | — | Bloomberg High Yield Bond |
| U.S. Large-Cap Value Equity | Public Equity | — | — | Russell 1000 Value |
| Broad U.S. Equity | Public Equity | — | — | Russell 3000 |
| U.S. Small-Cap Value Equity | Public Equity | — | — | Russell 2000 Value |
| Broad Non-U.S. Core Equity | Public Equity | — | — | ACWI ex USMSCI ACWI ex. U.S. |
| Real Estate - Core | Real Estate | — | — | NCREIF ODCE |
| Real Estate - Value Added | Real Estate | — | — | NCREIF ODCE |
| Real Estate - Non U.S. | Real Estate | — | — | NCREIF ODCE |
| Private Equity Fund of Funds | Private Equity | — | — | Cambridge All PE |