News for Donor Advisors
Investment Update: Spring 2023
The Foundation’s Long-Term Portfolio posted a 5% return for the first quarter of 2023, the result of positive market activity in January and March. Tactical targets remained unchanged for the quarter. Equity, cash and fixed income targets were 65%, 14% and 21%, respectively.
The Investment Management Committee continues its disciplined management, rebalancing the portfolio as necessary and informing decisions based on the South Dakota Investment Council model.
For Periods Ending March 31, 2023 (net of fees):
Long-Term Portfolio Investment Returns
For periods ending December 31, 2022 (net of fees):
* Compound Annualized Returns