Asset Allocation

The following is SBCERA's current asset allocation targets and ranges approved by the Board as of July 11, 2019.

Asset Allocation and Plan Size as of September 30, 2019 
$10,748,847,525

Asset Class

Allocation as of 9/30/2019

Target Allocation

Target Ranges

Domestic Equities

12.2%

13.0%

8-18%

International Equities

18.4%

15.0%

10-20%

U.S. Fixed Income

10.1%

15.0%

10-20%

Global Fixed Income

19.1%

20.0%

13-23%

Real Estate

4.1%

7.0%

0-14%

Private Equity

16.5%

16.0%

6-21%

Real Assets

4.4%

5.0%

0-10%

Absolute Return

8.8%

7.0%

0-12%

Cash

6.5%

2.0%

0-10%

Total

100.0%

100.0%