TPF Investment Updates

Effective March 31, 2026, TPF will transition its reporting of comparative index data from Lipper Indexes to appropriate Morningstar Indexes. This change is required due to updates from several of our data providers. Standardizing on Morningstar Indexes will enable TPF to deliver more accurate and timely fund data, enhancing the overall consistency and reliability of our reporting.

Effective December 1, 2025: During its November meeting, the Texas Presbyterian Foundation (TPF) Investment Committee performed an extensive review of the asset allocation of the TPF Balanced Pooled Fund as well as an analysis of the alternatives categories. The overall allocation of the TPF Balanced is deemed to be poised to meet the objectives of the fund. However, the Investment Committee did decide to make the following allocation adjustments to a couple of the alternative asset classes:

• A reallocation of the TPF Balanced Fund, removing the current 5% Diversified Strategies Fund and reallocating 2% to the Real Estate Fund and 3% to the Real Assets Fund, bringing their Balanced Fund allocation to 7% and 8% respectively.
• A reallocation of the TPF Real Assets Fund managers to 50% Lazard Asset Management (infrastructure) and 50% to Principal Global Investors LLC (real assets). The Segal Marco Advisors modeling shows that these actions will increase estimated returns and lower risk measured by standard deviation.