003 · Benchmarks
Milwaukee City ERS.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Public Equity | Public Equity | 36% | 32–40% | — |
| Fixed Income | Fixed Income | 32% | 27%-35%/37% | Bloomberg US AggregateBloomberg U.S. Aggregate Bond Index |
| Private Real Estate | Real Estate | 12% | 6–15% | NCREIF ODCE (1 Qtr Arrears)NFI-ODCE (1 Qtr Arrears) |
| Private Equity | Private Equity | 11% | 8–16% | Russell 3000 + 2% (1 Qtr Arrears) |
| Absolute Return | Hedge Funds / Absolute Return | 9% | 6–14% | 90-Day T-Bill + 3%90-Day T-bill + 3% |
| Passive Large Cap Domestic Equity | Public Equity | — | — | S&P 500S&P 500 Index |
| Passive Index Value Domestic Equity | Public Equity | — | — | Russell 1000 ValueRussell 1000 Value Index |
| Active Large Cap Value Domestic Equity | Public Equity | — | — | Russell 1000 ValueRussell 1000 Value Index |
| Active Large Cap Domestic Equity | Public Equity | — | — | S&P 500S&P 500 Index |
| Global Equity | Public Equity | — | — | ACWI IMIACWI IMI (net) |