003 · Benchmarks
Texas LECOS.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Return Seeking Assets | Multi-Asset / Other | 80% | 70–88% | — |
| Global Equity | Public Equity | 52% | 42–61% | — |
| Public Equity | Public Equity | 36% | 26–46% | — |
| Private Equity | Private Equity | 16% | 11–21% | — |
| Global Credit | Fixed Income | 12% | 6–21% | — |
| Public Credit | Fixed Income | 9% | 4–14% | — |
| Private Credit | Private Credit / Debt | 3% | 0–8% | — |
| Real Assets | Real Assets / Infrastructure | 16% | 11–21% | — |
| Private Real Estate | Real Estate | 10% | 5–15% | — |
| Private Infrastructure | Real Assets / Infrastructure | 6% | 1–11% | — |
| Risk Reducing Assets | Multi-Asset / Other | 20% | 12–30% | — |
| Liquidity Assets | Cash | 14% | 8–22% | — |
| Rates | Fixed Income | 12% | 7–17% | — |
| Cash & Equivalents | Cash | 2% | 1–10% | — |
| Diversifying Assets | Hedge Funds / Absolute Return | 6% | 4–10% | — |
| Hedge Funds | Hedge Funds / Absolute Return | 6% | 0–11% | — |
| Special Situations | Multi-Asset / Other | 0% | 0–5% | — |