Jacksonville Retirement Increases Core Fixed Income Target

The City of Jacksonville Retirement System reviewed and made changes to their strategic asset allocations, according to materials from the July 25th Board meeting.

The asset allocation targets that were changed include US Agg Fixed Income, which decreased by 5% to 5% and Core Plus Fixed Income, which increased by 5% to 15%.

Targets that were unchanged include Broad US Equity at 30%, Developed Equity at 16%, Emerging Markets Equity at 7%, Core Real Estate at 10%, Non-Core Real Estate at 5%, Private Equity at 7% and Private Credit at 5%.

RVK assisted with the recommendations.

As of June 30, 2024, Jacksonville Retirement System was valued at approximately $2.5 billion.

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