FY25-26 Investment Overview

Investment Overview

Using a model created by the South Dakota Investment Council, the Foundation’s Investment Management Committee helps guide the asset allocation within the Long-Term Portfolio. 
 

Fiscal Year in Review

Fiscal year 2026 was characterized by both volatility and strong gains. While the United States equity market experienced volatility throughout the fiscal year, it ultimately rose to new highs. International conflict caused uncertainty for the market, but the technology sector, driven by artificial intelligence and the energy sector, helped drive positive returns.

Developed International markets also performed well during the fiscal year, providing a higher return than the U.S. market. The Foundation’s investment portfolio was well-positioned to benefit from the high-performing markets both domestically and abroad, and the portfolio outperformed its benchmarks for the fiscal year.

Looking ahead, the Investment Management Committee will continue to inform decisions based on the SDIC model, employ a disciplined management strategy and focus on long-term results.

The committee strives to identify strategic opportunities while remaining vigilant for the potentially adverse effects of inflation, interest rates and other economic indicators. 

Long-Term Portfolio Overview

Current Portfolio Allocation

Tactical targets by asset class as of June 30, 2026.

Compound Annualized Returns

Long-term portfolio returns as of June 30, 2026.

Our Investment Management Committee

We're grateful to those who volunteer their time and expertise as members of our Investment Management Committee. You can find that and additional Financial Information here.