§ 3.12.070. Asset Allocation.  


Latest version.
  • In order to achieve the greatest likelihood of meeting the Plan's investment objectives and the best balance between risk and return for optimal diversification, assets will be invested in accordance with the targets for each asset class as follows to achieve an average total annual rate of return that is equal to or greater than the Plan's actuarial discount rate as described in the section titled "Performance Expectations."

    Asset Weightings
    Asset Classes Range Target
    (1) Growth:
       Domestic Equity 13%—53% 33%
       International Equity 0%—37% 17%
       Other 0%—15% 0%
    (2) Income:
       Fixed Income 30%—70% 48%
       Other 0%—15% 0%
    (3) Real Return 0%—20% 0%
    (4) Cash Equivalent 0%—20% 2%

     

    The Advisor and each Manager will be evaluated against their peers on the performance of the total funds under their direct management.

( Res. No. 2015-8-4, § 1(Policy No. 8.6), 8-25-2015 ; Res. No. 2018-9-2 , § 1, 9-25-2018)