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 March 31, 2019 
$10,315,832,387

Asset Class

Allocation as of 3/31/2019

Target Allocation

Target Ranges

Domestic Equities

11.4%

13.0%

8-18%

International Equities

17.7%

15.0%

10-20%

U.S. Fixed Income

10.0%

15.0%

10-20%

Global Fixed Income

19.3%

20.0%

13-23%

Real Estate

4.1%

7.0%

0-14%

Private Equity

15.5%

16.0%

6-21%

Real Assets

4.9%

5.0%

0-10%

Absolute Return

12.1%

7.0%

0-12%

Cash

4.8%

2.0%

0-10%

Total

100.0%

100.0%