003 · Benchmarks
Houston Police.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Domestic Equity | Public Equity | — | — | Russell 3000Russell 3000 Index |
| Equity Index Managers | Public Equity | — | — | specific equity benchmark as agreed upon by both the Board and the investment managerspecific equity index benchmark as agreed upon by both the Board and the investment manager |
| Fixed Income | Fixed Income | — | — | Bloomberg US AggregateBBG US Aggregate Index |
| International Equity | Public Equity | — | — | MSCI ACWI ex-US (hedged)MSCI ACWI ex-US (hedged) Index |
| High Yield | Fixed Income | — | — | FTSE High Yield MarketFTSE High Yield Market TR Index |
| Risk Parity | Hedge Funds / Absolute Return | — | — | 60/40 mix of the S&P 500 and the Barclay's Aggregate60/40 mix of the S&P 500 Index and the Barclay's Aggregate Index |
| Hedge Funds | Hedge Funds / Absolute Return | — | — | HFRI for the manager or fund; MSCI World Equity (hedged) on a risk adjusted basisHFRI index for the manager or fund; MSCI World Equity Index (hedged) on a risk adjusted basis |
| Private Equity, Real Estate, and Real Assets | Private Equity | — | — | S&P 500 by 3% to 5%S&P 500 Index by 3% to 5% |