Intermediate Investment Portfolio

This is the Foundation’s most conservative intermediate term investment portfolio. Its primary objective is to provide relatively stable value with the potential for principal growth. An emphasis has been placed on achieving market rates of returns, with broad diversification and low management cost. The higher debt and cash component dampen the volatility of the portfolio, but may limit appreciation potential and thus is not consistent with the Foundation’s spending policy.

Asset Manager(s): Vanguard Group.
Benchmark: 50% Wilshire 5000 // 25% Lehman Aggregate Bond Index // 25% 90-day T-Bill.
Underlying Investment Vehicle(s): 50% Vanguard Total Stock Market Index Institutional Fund, 25% Vanguard Total Bond Market Index Institutional Fund, 12.5% Vanguard Admiral Treasury Money Market Fund, 12.5% Vanguard Short Term Bond Index Fund
Portfolio Management Fee: Approximately 10 basis points (.10%)