On October 21, 2010, the District of Columbia Retirement Board (DCRB) adopted and approved the Rebalancing Investment Policy. The policy was later revised on July 19, 2022. The purpose of rebalancing is to minimize unintended drift from the Fund's strategic asset allocation, thus ensuring compliance with policy and reducing portfolio tracking error relative to the Policy Benchmark. Systematic rebalancing is meant to maintain diversification, reduce volatility and enhance portfolio returns over the long term. DCRB maintains a disciplined rebalancing process, whereby target allocations to public markets asset classes will not exceed certain rebalancing ranges under normal market conditions.
You may select and download the document below for the full version of the Rebalancing Investment Policy.