Asset Allocation

The following is SBCERA's current asset allocation targets and ranges approved by the Board as of July 12, 2018.

Asset Allocation and Plan Size as of December 31, 2018 
$9,902,558,228

Asset Class

Allocation as of 12/31/2018

Target Allocation

Target Ranges

Domestic Equities

14.5%

13.0%

8-18%

International Equities

17.2%

15.0%

10-20%

U.S. Fixed Income

13.5%

15.0%

10-20%

Global Fixed Income

18.9%

20.0%

13-23%

Real Estate

4.2%

7.0%

0-14%

Private Equity

16.1%

16.0%

6-21%

Real Assets

4.9%

5.0%

0-10%

Absolute Return

6.2%

7.0%

0-12%

Cash

4.6%

2.0%

0-10%

Total

100.0%

100.0%