Asset Allocation
The Board of Trustees reviews the allocation of the investment portfolio as part of its annual review of its investment portfolio in its entirety.
Investment Policy approved on May 11, 2023
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The asset allocation policy is as follows:
Asset Allocation Policy
| Core Investments | 44.5% |
| Strategic Investments | 33.5% |
| Illiquid Investments | 22% |
| Total | 100% |
| Total Plan Average Annualized 10-year Performance Expectation* | 7.56% |
| Average Annualized 10-year Volatility* | 9.23% |
* Allocation, performance expecation, and risk projection are based upon Marquette Associates', the retirement system's investment consultant, August 2022 assumptions.
Caveats:
- 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
- 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.