News for Donor Advisors
Investment Update: Winter 2023
The Foundation’s Long-Term Portfolio posted positive returns for the months of October and November, 2.98% and 6.80%, respectively. December’s return of -2.66% pulled the quarterly return down, but still remained the best quarter of the calendar year at 7.06%.
The portfolio was rebalanced each month to its tactical equity allocation of 65%. The current allocation favors international equities over domestic. The portfolio equally weighs growth and value within the domestic large cap allocation.
Interest rates and inflation continue to have a significant impact on the portfolio. The Investment Management Committee will continue to use a disciplined investment approach and will inform decisions based on the South Dakota Investment Council model.
Long-Term Portfolio Investment Returns
For periods ending December 31, 2022
|1 year:||- 14.60%|
* Compound Annualized Returns