INFORMATION ABOUT PLAN INVESTMENTS

 

The following target investment asset allocation, as set forth in the Plan’s investment policy, provides diversification and is intended to meet the Plan’s long-term investment goals without undue risk.  The investment policy was developed and is continually monitored by the Board of Trustees together with its investment advisor, Gallagher Fiduciary Advisors.

 

Target Allocation:                                                                                                  Range:

 

Equities: 62%                                                                                                             

(34.5% Domestic,                                                                                                      29.5% - 39.5%

12.5% International,                                                                                                7.5% - 17.5%

15% Global)                                                                                                                10%-20%

              

Core Fixed Income: 15%                                                                                          10%-20%

 

High Yield Fixed Income: 5.5%                                                                              0% - 10.5%

 

Real Estate: 10%                                                                                                        5% - 15%

 

Infrastructure: 1.5%                                                                                                 0% - 7.5%

 

Private Equity: 3.5%                                                                                                 0% - 8.5%

 

Private Debt: 2.5%                                                                                                    0% - 7.5%

 

Benchmark Index                                                                                            Policy Index Weight

 

Russell 3000 Index                                                                                                    38.0%*

 

MSCI ACWI ex-US Index                                                                                          12.5%

 

MSCI ACWI Index                                                                                                      15%

 

Bloomberg Barclays                                                                                                  17.5%**

 

Bloomberg Barclays HY                                                                                           5.5%

 

NFI ODCE Index (Net)                                                                                               10%

 

CPI + 5%                                                                                                                       1.5%

 

*Includes 3.5% allocation to Private Equities.

**Includes 2.5% allocation to Private Debt

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