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MFPRSI. Municipal Fire & Police Retirement System of Iowa

Asset Allocation

As of February 23, 2017, the asset allocation policy is as follows:

Asset Allocation Policy

Core Investments 40%
Strategic Investments 35%
Real Assets 10%
Private Markets 15%
Total 100%
Total Plan 10-year Performance Expectation* 7.7%
Standard Deviation* 12.5%

* Allocation, performance expecation, and risk projection based upon Summit Strategies' 12/31/16 assumptions.

Core Investments Allocation Policy

U.S. Equity 37.5%
Non-U.S. Equity Target 37.5%
Global Fixed Income 25.0%
Total 100%

Strategic Investments Allocation Policy

U.S. Equity 37.5%
Non-U.S. Equity Target 37.5%
Global Fixed Income 25.0%
Total 100%

Caveats:

  1. In the absence of suitable opportunities within a specific market, the funds shall be directed to the other components within the debt or equity category.  Due to the fluctuation of market values, positioning within ±5% of the target shall constitute compliance with the policy
  2. A review of the allocation policy shall occur periodically to allow the Board of Trustees to consider the effect of any changes in market conditions or of the expectations for the retirement system.