003 · Benchmarks
Kentucky ERS.
Targets, ranges and benchmarks as the document states them — the KERS Hazardous and Non Hazardous portfolio, one of 2 in the document. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Public Equity | Public Equity | 40% | 25–50% | MSCI AONI |
| Private Equity | Private Equity | 8% | 4–12% | Russell 3000 + 3%Russell 3000 + 300 bps (lagged) |
| Core Fixed Income | Fixed Income | 10% | 8–15% | Bloomberg US Aggregate |
| Specialty Credit | Private Credit / Debt | 25% | 20–30% | 50% Bloomberg US High Yield + 50% Morningstar LSTA US Leveraged Loan50% Bloomberg US High Yield / 50% Morningstar LSTA US Leveraged Loan |
| Cash | Cash | 2% | 0–5% | 3-Month T-BillCiti Grp 3-mos Treasury Bill |
| Real Estate | Real Estate | 7% | 4–10% | NCREIF ODCE |
| Real Return | Real Assets / Infrastructure | 8% | 5–11% | CPI + 3%US CPI + 3% |