Firms 6.17. 7.3% 5.5% 6.6% Inflation Hedging Assets TIPS 3.2% Core Real Estate 6.4% Commodities 4.3% 9 EFTA_R1_02033254 EFTA02691363 Living with Lower Returns NYC Mayor's Office of Pensions & Investments Actuarial investment rates of 8% unachievable with current policy portfolio, atleast for next 5+ y