003 · Benchmarks
Orange County ERS.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Global Public Equity | Public Equity | 45% | 38–52% | MSCI ACWI IMI Net |
| Private Equity | Private Equity | 15% | 10–20% | MSCI Global PEMSCI Global PE (1Q lag) |
| Income Strategies | Multi-Asset / Other | 17% | 12–22% | Income Strategies CustomIncome Strategies Custom Index |
| Real Assets | Real Assets / Infrastructure | 13% | 8–18% | Real Assets CustomReal Assets Custom Index |
| Risk Mitigation | Multi-Asset / Other | 10% | 6–14% | Risk Mitigation CustomRisk Mitigation Custom Index |
| Cash | Cash | 0% | 0–5% | 91-Day T-Bill91-Day T-bills |
| Unique Strategies | Multi-Asset / Other | 0% | 0–5% | — |
| Income Strategies - Public | Multi-Asset / Other | — | — | 85% Bloomberg US Aggregate / 15% Bloomberg US TIPS85% Bloomberg U.S. Aggregate / 15% Bloomberg U.S. TIPS Index |
| Income Strategies - Private | Multi-Asset / Other | — | — | 60% S&P UBS Leveraged Loan / 40% S&P UBS Western European Leveraged Loan |
| Real Assets - Real Estate | Real Estate | — | — | NCREIF ODCE |
| Real Assets - Energy | Real Assets / Infrastructure | — | — | MSCI Global Natural ResourcesMSCI Global Natural Resources (1Q lag) |
| Real Assets - Infrastructure | Real Assets / Infrastructure | — | — | MSCI Global InfrastructureMSCI Global Infrastructure (1Q lag) |
| Risk Mitigation - First Responders | Multi-Asset / Other | — | — | Bloomberg Long-Term US TreasuryBloomberg Long-Term U.S. Treasury |
| Risk Mitigation - Second Responders | Multi-Asset / Other | — | — | Soc Gen Trend |
| Risk Mitigation - Diversifiers | Multi-Asset / Other | — | — | 50% Soc Gen Multi Alt Risk Premia / 50% HFRI Macro (Total)50% Soc Gen Multi Alt Risk Premia / 50% HFRI Macro (Total) Index |