Specific asset class return information was not provided, but broad fixed income returned 5.42% for the fiscal year ended June 30, below its policy benchmark of 8.07% , equities returned 5.03%, below its benchmark of 6.32%, and real assets returned 2.28%, above its benchmark of 0.9%.
As of June 30, the actual allocation was: 17.9% domestic large-cap equities; 14.4% long/short equities; 10.1% multisector fixed income; 10% international developed markets equities; 8.5% core fixed income; 8.3% private equity; 7.1% domestic small/midcap equities; 7% absolute return; 6.6% core real estate; 4.5% emerging markets equities; 2.9% commodities; 2.2% opportunistic real estate; and the rest in cash and equivalents.
The target allocation is: 15% each, domestic large-cap equities and long/short equities; 10% each, core fixed income, international developed markets equities and private equity; 7.5% each, absolute return and multisector fixed income; and 5% each, commodities, core real estate, domestic small/midcap equities, emerging markets equities and opportunistic real estate.
Ginger Sigler, executive director, could not be immediately reached to provide further information.
