003 · Benchmarks
Colorado State.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Global Equity | Public Equity | 54% | 48–60% | MSCI ACWI IMI with USA GrossMSCI ACWI IMI (Net) with USA Gross |
| Fixed Income | Fixed Income | 23% | 18–28% | Bloomberg US AggregateBloomberg Barclays U.S. Aggregate Bond Index |
| Private Equity | Private Equity | 8.5% | 4–13% | MSCI ACWI IMI with USA Gross plus 150- 2%MSCI ACWI IMI (Net) with USA Gross plus 150-200 basis points |
| Real Estate | Real Estate | 8.5% | 4–13% | NCREIF ODCE + 50 bpsNCREIF Open End Diversified Core Equity Index (NFI-ODCE) plus 50 basis points, annually |
| Alternatives | Multi-Asset / Other | 6% | 0–12% | Weighted average of underlying objectives: Real Assets: CPI plus 400 basis points; Private Credit: Morningstar LSTA Leveraged Loan plus 150 basis points; Risk Mitigation: HFRI FOF Market Defensive ; Opportunistic: PERA Public Markets plus 150 basis pointsWeighted average of underlying objectives: Real Assets: CPI plus 400 basis points; Private Credit: Morningstar LSTA Leveraged Loan Index plus 150 basis points; Risk Mitigation: HFRI FOF Market Defensive Index; Opportunistic: PERA Public Markets plus 150 basis points |
| Cash | Cash | 0% | 0–3% | ICE BofA 3 Mo US T-BillICE BofAML U.S. 3-Month Treasury Bill Index |