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Donor Resources |
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Cash Equivalents Fund
- Various managers including Merrill Lynch, Vanguard.
- Investment objective: Invests in short-term liquid
interest bearing investments such as U.S. Treasury
bills
 and notes, certificates of deposit, and money market funds (Vanguard & Merrill Lynch Institutional Money Market Funds). This fund is intended to generate the current returns available from time to time on short-term assets which are highly liquid and have little principal risk.
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Equities Fund
- Is allocated among 5 different equity sectors as follows:
- 30% - Value - Manager is Lord Abbett
- 32% - Growth - Manager is Alliance Capital
- 20% - International - Manager is INVESCO
- 18% - Small Mid-Cap Value - Manager is NWQ and Brandes
- Investment objective: Invests in the common stocks of diversified companies on a total return basis, taking into account income and capital appreciation. The goals of the fund are to create a diversified equity portfolio with returns and risk commensurate with the broad equity market. Investments may include multi-national U.S. corporations, international corporations based outside of the U.S., and Index Funds. This fund is allocated among 5 different equity managers
Growth Fund
- Manager is Alliance Capital
- Investment Objective: Invests in stocks with growth characteristics by looking at earnings strength at least 50% greater than the S & P 500 over a two to three year period. The investment approach emphasizes stock selection and aggressive trading to capitalize on price fluctuations that provide opportunities to purchase stocks at excellent values.
Value Fund
- Manager is Lord Abbett
- Investment Objective: Uses a value-based disciplined process that employs both informed judgment and quantitative analysis. The manager seeks to invest in what the firm believes are undervalued securities. This manager believes that the market systematically misprices individual stocks and sectors and that its approach will generate above-average returns with less-than-average market risk.
International Fund
- Manager is INVESCO
- Investment Objective: Uses a bottom-up, value-oriented style to invest in equities of non-US based companies with the goal of producing returns above those of the international markets, at less than the market risk. The manager ranks international securities, looking at the overall quality and liquidity with a focus on a company's strategy, resources, management, competitive advantage, and sustainability of profits, to determine if the historical record can be extended.
Mid-to-Small Cap Equity Fund
- Managers are NWQ and Brandes
- Investment Objective: To invest in mid-to-small cap stocks of high quality companies. The portfolio is designed to provide returns of mid-to-small cap stocks while taking the lower risk associated with large cap stocks. Characteristics of companies in the portfolio are (1) strong consistent growth, (2) low debt balance sheet, (3) high profitability and (4) rising free cash flow.
Fixed Income Fund
- Manager is Neuberger Berman
- Investment objective: Invests in a diversified portfolio of corporate and government bonds. At least 90% of corporate issues are investment grade (BBB or better). Average quality will be at least A. Up to 10% of the fund may be invested in corporate bonds below investment grade (but not below B) or unrated bonds subject to Rule 144A. Regular income and safety of principal are the primary objectives.
REIT Fund
- Manager is Heitman @ ING
- Investment objective: Invests in publicly held domestic and international real estate investment trusts which are diversified as to geographic location and the type of income producing properties held. The goals of the fund are to generate current income returns in excess of the dividend yields generally available from common stocks and capital appreciation through long term growth in underlying real property value.
* Information last updated 3/22/2007
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