003 · Benchmarks
New York State Teachers.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Domestic Equity | Public Equity | 33% | 29–37% | S&P Composite 1500S&P Composite 1500 Index |
| International Equity | Public Equity | 15% | 11–19% | MSCI ACWI ex-USMSCI ACWI Ex-U.S. Index |
| Global Equity | Public Equity | 4% | 0–8% | MSCI ACWIMSCI ACWI Index |
| Domestic Fixed Income | Fixed Income | 16% | 12–20% | Bloomberg US Aggregate Float Adjusted BondBloomberg U.S. Aggregate Float Adjusted Bond Index |
| Real Estate Equity | Real Estate | 11% | 6–16% | NCREIF-ODCENCREIF-ODCE Index |
| Real Estate Debt | Real Estate | 6% | 2–10% | Giliberto-Levy CustomGiliberto-Levy Custom Index |
| Private Equity | Private Equity | 9% | 4–14% | S&P 500 (Plus 5%)S&P 500 Index (Plus 5%) |
| Private Debt | Private Credit / Debt | 2% | 0.5–5% | Morningstar LSTA US Leveraged Loan (Plus 3%)Morningstar LSTA US Leveraged Loan Index (Plus 3%) |
| Global Bonds | Fixed Income | 2% | 0–4% | Bloomberg Global Aggregate Float Adjusted Ex-CNY Bond (hedged to USD)Bloomberg Global Aggregate Float Adjusted Ex-CNY Bond Index (hedged to USD) |
| High Yield Bonds | Fixed Income | 1% | 0–3% | ICE BofA BB-B US High Yield ConstrainedICE BofA BB-B US High Yield Constrained Index |
| Short Term Investments | Cash | 1% | 0–4% | — |
| Short Term Investments (Cash Equivalents) | Cash | — | — | iMoneyNet Money Fund Average™/All Taxable |