003 · Benchmarks
New Mexico PERA.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Global Equity | Public Equity | 46% | 41–51% | — |
| Core Fixed Income | Fixed Income | 13% | 10–16% | Bloomberg US AggregateBloomberg U.S. Aggregate Bond Index |
| Credit | Fixed Income | 17% | 13–21% | — |
| Absolute Return | Hedge Funds / Absolute Return | 6% | 3–9% | — |
| Real Assets | Real Assets / Infrastructure | 18% | 14–22% | — |
| Global Public Stock | Public Equity | — | — | MSCI ACWI IMI ($net) |
| Private Equity | Private Equity | — | — | MSCI ACWI IMI ($net) |
| Liquid Credit | Fixed Income | — | — | Bloomberg High Yield 2% Issuer Constrained |
| Illiquid Credit | Fixed Income | — | — | Morningstar LSTA Leveraged LoanMorningstar LSTA Leveraged Loan Index |
| Hedge Funds | Hedge Funds / Absolute Return | — | — | SOFR + 2.5% |
| Illiquid Real Estate | Real Estate | — | — | FTSE EPRA Nareit Global EquityFTSE EPRA Nareit Global Equity Index |
| Illiquid Real Assets | Real Assets / Infrastructure | — | — | S&P / Dow Jones Brookfield Global InfrastructureS&P / Dow Jones Brookfield Global Infrastructure Index |