Asset Allocation and Market Performance

Below are assets in the MBEF Endowment Fund as of December 31, 2016. Download the report here: MBEF Endowment Assets.

Portfolio Asset Allocation as of 12/31/16

MBEFE Endowment Performance 2016

Current Target Diff Ranges:
Minimum Maximum
Equity: 61.0% 60.0% 1.0% 0% 100%
Domestic 35.9% 35.0% 0.9%
International 25.1% 25.0% 0.1%
Fixed Income: 19.8% 20.0% -0.2% 0% 100%
Cash 0.0% 0.0% 0.0%
Investment Grade 14.9% 15.0% -0.1%
High Yield 4.9% 5.0% -0.1%
Alternatives: 19.3% 20.0% -0.7% 0% 30%
Real Estate 6.9% 6.7% 0.2%
Commodities 6.3% 6.7% -0.4%
Market Neutral 6.1% 6.7% -0.6%

2014 YTD Performance as of 12/31/14

Portfolio Total Return (before Distribution) 6.43%
Vanguard Prime Money Market Fund 0.01%
Vanguard Total Bond Market Index Fund 5.89%
Vanguard High Yield Corporate Fund 4.69%
Vanguard Total Stock Market Index Fund 12.56%
Vanguard Total International Stock Index Fund -4.24%
Third Avenue Real Estate Value Fund 13.12%
iPath Dow Jones UBS Commodity Index ETN -18.61%
Calamos Market Neutral Income Fund 1.24%
Benchmark Indices:
Inflation (thru May) 1.03%
3 Month T-bill 0.03%
Barclays Aggregate Bond Index 5.97%
Barclays U.S. Corporate High Yield 2.45%
S&P 500 13.68%
MSCI EAFE -4.20%
S&P/Citigroup World REIT 23.31%
DJ-UBS Commodity -17.04%
HFRI Funds of Funds (thru May) 3.19%
Beginning Market Value (December 31, 2013) $11,603,427
Contributions $918,497
Distribution ($116,034)
Net Invested Funds $12,405,890
Investment Gains/(Losses) $759,929
Ending Market Value (December 31, 2013) $13,165,819

Inception-to-Date Annualized Performance

Portfolio Total Return (4/29/05 – 12/31/14) 7.44%
 Portfolio Total Return (12/31/13 – 12/31/14) 6.43%
 Portfolio Total Return (12/31/12 – 12/31/13) 16.64%
 Portfolio Total Return (12/31/11 – 12/31/12) 12.80%
 Portfolio Total Return (12/31/10 – 12/31/11) -2.03%
 Portfolio Total Return (12/31/09 – 12/31/10) 12.93%
 Portfolio Total Return (12/31/08 – 12/31/09) 23.06%
 Portfolio Total Return (12/31/07 – 12/31/08) -24.20%
 Portfolio Total Return (12/31/06 – 12/31/07) 9.83%
 Portfolio Total Return (12/31/05 – 12/31/06) 15.79%
 Portfolio Total Return (4/29/05 – 12/31/05) 8.36%
Beginning Market Value (April 29, 2005) $250,000
Contributions/Distribution $8,866,999
Net Invested Funds $9,116,999
Investment Gains/(Losses) $4,048,820
Ending Market Value (December 31, 2013) $13,165,819