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 December 31, 2019 
$11,074,080,814

Asset Class

Allocation as of 12/31/2019

Target Allocation

Target Ranges

Domestic Equities

13.5%

13.0%

8-18%

International Equities

19.0%

15.0%

10-20%

U.S. Fixed Income

14.4%

15.0%

10-20%

Global Fixed Income

15.2%

20.0%

13-23%

Real Estate

4.1%

7.0%

0-14%

Private Equity

16.4%

16.0%

6-21%

Real Assets

4.5%

5.0%

0-10%

Absolute Return

6.8%

7.0%

0-12%

Cash

6.2%

2.0%

0-10%

Total

100.0%

100.0%