Inception Date: July 1, 1997
The TPF Balanced Fund is a “fund of funds” that holds interests in most of the TPF Funds (excluding TPF’s Money Market Fund) in proportions allocated as determined by the TPF Board of Trustee’s Investment Committee. Effective June 1, 2021, the policy allocation was set at 31.5% in the TPF Large Cap Equity Fund, 9.0% in the TPF Small Cap Equity Fund, 16.5% in the TPF International Equity Fund, 6% in the TPF Emerging Markets Equity Fund, 5% in the TPF Real Estate Fund, 5% in the TPF Real Assets Fund, 5% in the TPF Diversified Strategies Fund and 21% in the TPF Fixed Income Fund. In addition, the Fund currently has a small allocation (about 1%) in producing oil and gas royalty interests. The spend rate is set each year and is currently 4.0% per annum of the average of the monthly values of the Fund for the preceding three years.
The objective of the fund is to produce a total rate of return from a blend of equity and fixed income securities, which provides a stable, predictable and growing source of income to participating institutions to support current programs while preserving the inflation-adjusted purchasing power of the principal over time. The dividend can be reinvested for those institutions not requiring the distribution for current operations.
The TPF Balanced Fund is appropriate for churches and institutions seeking a fully managed, diversified portfolio for the long term investment of endowment and other permanent funds.
Net Assets: $754.2 Million
As of March 31, 2023
The TPF Balanced Fund is a “fund of funds” which, in turn, holds interests in the TPF Large Cap Equity Fund, the TPF Small Cap Equity Fund, the TPF International Equity Fund, the TPF Emerging Markets Equity Fund, the TPF Fixed Income Fund, the TPF Real Estate Fund, the TPF Real Assets Fund, and the TPF Diversified Strategies Fund.
For additional information, please contact your Relationship Manager.