Texas Presbyterian Foundation
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TPF Balanced Fund

Inception Date: July 1, 1997

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 Fixed Income Fund, and the TPF Money Market Fund, in proportions allocated as determined from time to time by the Investment Committee of TPF’s Board of Trustees. Effective April 1, 2011, the policy allocation was set at 29.5% in the TPF Large Cap Equity Fund, 8.5% in the TPF Small Cap Equity Fund, 15% in the TPF International Equity Fund, 5% in the TPF Emerging Market Fund, 4% in the TPF Real Estate Fund, 4% in TPF Real Assets Fund, 10% in the TPF Defensive Strategies Fund and 23% 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 Fund employs a “spending policy” distributing a periodic dividend set annually by the Investment Committee to be a prespecified percentage (currently 4.0%) of a 12 quarter moving average of market values of the Fund.

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: $480 Million
As of December 31, 2018

Fund Structure

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 Defensive Strategies Fund.

Reports

For additional information, please contact your Relationship Manager.