The Investment Policy Statement - Commonfund
The Investment Policy Statement - Commonfund
The Investment Policy Statement - Commonfund
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Hypothetical Target Asset Allocation<br />
NB: <strong>The</strong>se Allocations Are Samples and are Provided for Illustrative Purposes Only<br />
Minimum Target Maximum Benchmark<br />
Equity Strategies 30% 40% 60% MSCI All Country<br />
Domestic Equity 10% 15% 30% Russell 3000<br />
International Equity 5% 15% 30% MSCI All Country ex U.S.<br />
Private Capital 0% 5% 10% Russell 3000 + 4%<br />
Distressed Debt 0% 5% 10% Merrill Lynch High Yield + 4%<br />
Fixed Income (Deflation Hedging) 10% 20% 40% Barclays U.S. Aggregate<br />
Cash & Equivalents 0% 3% 10% 3 Month T-Bill<br />
U.S. Treasuries 0% 5% 20% Barclays U.S. Treasury Index<br />
Core Bonds 5% 7% 25% Barclays U.S. Aggregate<br />
Global Bonds 0% 5% 15% World Govt Bond Index<br />
Real Assets (Inflation Hedging) 5% 20% 40% CPI + 4%<br />
TIPS 0% 0% 10% Barclays TIPS<br />
Commodities 0% 5% 10% Dow Jones-UBS Commodities<br />
Natural Resources 0% 8% 10% Goldman Sachs Commodities + 4%<br />
Private Real Estate 0% 7% 15% NCREIF 50% Leveraged<br />
Directional & Relative Strategies 10% 20% 35% LIBOR + 5%<br />
Long/Short Directional 0% 10% 20% S&P 500<br />
Relative Value 0% 10% 20% 3 Month T-Bill + 4%<br />
©2011 COMMONFUND 13
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