Asset Allocation
Every year, SBCERA evaluates our asset allocations. SBCERA’s assets are dynamically managed and strategically allocated among different asset classes that are designed to best meet the assumed rate of return at the lowest overall level of risk. The strategic allocation adjustments the Board makes help balance our portfolio, mitigate risk, and position the fund for sustained growth.
The following is SBCERA’s current asset allocation targets and ranges approved by the Board as of July 1, 2024.
Asset Allocation and Plan Size as of June 30, 2024
$15,201,103
| Asset Class | Allocation as of 6/30/2024 | Target Allocations | Target Ranges |
|---|---|---|---|
| Domestic Equities | 12.4% | 17.0% | 10%-27% |
| International Equities | 8.1% | 13.0% | 8%-18% |
| U.S. Fixed Income | 3.0% | 2.0% | -3%-7% |
| U.S. Credit | 13.3% | 13.0% | 8%-18% |
| Non-U.S. Fixed Income | 5.0% | 0.0% | -5%-5% |
| Non-U.S. Credit | 11.1% | 11.0% | 6%-16% |
| Emerging Market Debt | 5.1% | 6.0% | 1%-10% |
| Real Estate | 3.7% | 5.0% | 0%-10% |
| Private Equity | 19.9% | 18.0% | 6%-23% |
| Real Assets | 5.3% | 6.0% | 0%-10% |
| Absolute Return | 6.4% | 7.0% | 0%-12% |
| Cash | 6.6% | 2.0% | 0%-10% |
| Total | 100.0% | 100.0% |