003 · Benchmarks
Wyoming Public Employees.
Targets, ranges and benchmarks as the document states them. Our copy of the IPS.
| Asset class | Bucket | Target | Range | Benchmark |
|---|---|---|---|---|
| Cash | Cash | 0.5% | 0–3% | ICE BofA 3-Month US T-BillICE BofA 3 Month U.S. T-Bill |
| Gold | Real Assets / Infrastructure | 1.5% | 0–7% | IShares Gold Trust ETF (IAUM) |
| Total Fixed Income | Fixed Income | 20.5% | — | Blended Benchmark |
| Total Equity | Public Equity | 48% | — | Blended Benchmark |
| Marketable Alternatives | Multi-Asset / Other | 17% | 12–22% | Blended Benchmark |
| Private Real Assets | Real Assets / Infrastructure | 12.5% | 9.5–17% | Cambridge Real AssetsCambridge Real Assets (QTR Lag) |
| Marketable Fixed Income | Fixed Income | — | 6.5–26.5% | — |
| Private Debt | Private Credit / Debt | — | 2–8% | Cambridge Private DebtCambridge Private Debt (QTR Lag) |
| Marketable Equity | Public Equity | — | 25–45% | MSCI ACWI IMIMSCI ACWI IMI (Net Dividend) |
| Private Equity | Private Equity | — | 8–18% | Cambridge Global All Private EquityCambridge Associates Global All Private Equity (QTR Lag) |
| Core Plus | Fixed Income | — | — | Bloomberg US AggregateBloomberg U.S. Aggregate Index |
| U.S. Government Debt | Fixed Income | — | — | Bloomberg US GovernmentBloomberg U.S. Government Index |
| U.S. TIPS | Fixed Income | — | — | Bloomberg US Treasury Inflation Notes: 1-10 YearBloomberg U.S. Treasury Inflation Notes: 1-10 Year Index |
| Opportunistic Credit | Private Credit / Debt | — | — | 50% S&P UBS Leveraged Loan / 50% Bloomberg US High Yield50% S&P UBS Leveraged Loan / 50% Bloomberg U.S. High Yield |
| Long/Short Equity, Opportunistic | Public Equity | — | — | HFRI Equity Hedge Long/Short DirectionalHFRI Equity Hedge Long/Short Directional Index |
| Diversifying | Hedge Funds / Absolute Return | — | — | HFRI Fund of FundsHFRI Fund of Funds Composite Index |