003 · Benchmarks
Seattle 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 | 46% | 39–53% | MSCI ACWI IMIMSCI All Country World Investable Market Index |
| Private Equity | Private Equity | 11% | 6–16% | Custom Private Equity (Burgiss Private Equity Eligible Universe pooled time-weighted return; vintage years 2014 to present)Custom Private Equity Index (Burgiss Private Equity Eligible Universe pooled time-weighted return, vintage years 2014 to present) |
| Core Fixed Income | Fixed Income | 14% | 10–18% | Bloomberg US AggregateBloomberg U.S. Aggregate Bond Index |
| Long-Term Fixed Income | Fixed Income | 5% | 2–8% | Custom Long-Term Fixed Income (60% Bloomberg US Treasury Long and 40% Bloomberg US TIPS 10+ Year )Custom Long-Term Fixed Income Index (60% Bloomberg U.S. Treasury Long Index and 40% Bloomberg U.S. TIPS 10+ Year Index) |
| Credit Fixed Income | Fixed Income | 7% | 4–10% | Custom Credit (40% ICE BofA High Yield Master II , 40% Credit Suisse Leveraged Loan , 20% JPM EMBI Global Diversified )Custom Credit Index (40% Merrill Lynch High Yield Master II Index, 40% Credit Suisse Leveraged Loan Index, 20% JPM EMBI Global Diversified Index) |
| Real Estate | Real Estate | 12% | 8–16% | NCREIF ODCENCREIF ODCE Index |
| Infrastructure | Real Assets / Infrastructure | 5% | 2–8% | Custom Infrastructure (Burgiss Infrastructure Universe pooled time-weighted return; vintage years 2016 to present)Custom Infrastructure Index (Burgiss Infrastructure Universe pooled time-weighted return, vintage years 2016 to present) |