003 · Benchmarks
Los Angeles ERS.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Domestic Equity | Public Equity | 23% | — | Russell 3000 |
| Non-U.S. Equity | Public Equity | 20% | — | ACWI ex USMSCI ACWI ex-U.S. |
| Fixed Income | Fixed Income | 10.25% | — | Bloomberg US AggregateBloomberg U.S. Aggregate |
| Credit Opportunities | Fixed Income | 7% | — | 28.6% Bloomberg US HY 2% Capped / 28.6% S&P UBS Leveraged Loan / 42.8% blended 50% JPM EMB GD and 50% JPM GBI-EM GD28.6% BBG US HY 2% Capped / 28.6% S&P UBS Leveraged Loan Index / 42.8% blended 50% JPM EMB GD and 50% JPM GBI-EM GD |
| Private Equity | Private Equity | 16% | — | Cambridge Global Private Equity and Venture CapitalCambridge Associates Global Private Equity and Venture Capital Index |
| Private Credit | Private Credit / Debt | 5.75% | — | S&P UBS Leveraged Loan + 2%S&P UBS Leveraged Loan Index + 200bps |
| Real Assets | Real Assets / Infrastructure | 17% | — | 21.2% Bloomberg US TIPS / 8.2% FTSE NAREIT US Equity / 29.4% S&P Global Infrastructure / 41.2% NCREIF ODCE + 0.8%21.2% BBG US TIPS / 8.2% FTSE NAREIT US Equity Index / 29.4% S&P Global Infrastructure / 41.2% NFI-ODCE + 80bps |
| Private Real Estate | Real Estate | 7% | — | NCREIF ODCE + 0.8%NFI-ODCE + 80bps |
| Public Real Assets | Real Assets / Infrastructure | 10% | — | 36% Bloomberg TIPS / 14% FTSE NAREIT US Equity / 50% S&P Global Infrastructure36% BBG TIPS Index / 14% FTSE NAREIT US Equity Index / 50% S&P Global Infrastructure |
| Cash | Cash | 1% | — | 3-Month T-Bill90-Day Treasury Bill |