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Office of the Treasurer

Endowment Funds

June 30, 2005 Asset Allocation ($ thousands)

Endowment Fund (Balanced Pool) (1) (2)

 

  Asset Allocation  
Sector   U.S. Int'l Total %
Equity Alliance Capital $81,707 $1,753 $83,460 12.0%
AllianceBernstein 57,455 2,002 59,457 8.5%
American Century 55,400 2,762 58,162 8.4%
Artisan Partners 36,179 0 36,179 5.2%
EARNEST Partners 59,543 0 59,543 8.6%
TCW Asset Mgm 31,315 0 31,315 4.5%
Capital Guardian-Intl 0 88,234 88,234 12.7%
JP Morgan 0 45,632 45,632 6.6%
Cap Guardian-Emerg 0 24,056 24,056 3.5%
Templeton Inv-Emerg 0 25,137 25,137 3.6%
Total $321,599 $189,576 $511,175  
% 46.2% 27.2% 73.5%  
Target Range 37.5 - 47.5% 15 - 35% 52.5 - 82.5%  
 
Alternatives:
Hedge Fds
DKR Capital     6,901 1.0%
Ramius Capital     7,438 1.1%
Total     $14,339  
%     2.1%  
Target Range     0 - 5%  
 
Alternatives:
Private Eq
Vectis Life Sci I     350 0.1%
      0 0.0%
Total     $350  
%     0.1%  
Target Range     0 - 5%  
 
Real Estate RREEF America II     25,265 3.6%
TA Realty Fund III     1,329 0.2%
TA Realty Fund IV     1,276 0.2%
TA Realty Fund V     13,899 2.0%
Total     $41,769  
%     6.0%  
Target Range     0 - 10%  
 
Fixed Income Capital Guardian     63,445 9.1%
Pacific Investment     64,648 9.3%
Total     $128,093  
%     18.4%  
Target Range     17.5 - 27.5%  
 
  Fund     $695,726 100.0%
Funds for annual distribution     31,891  
Total Fund     $727,617  

 

Notes:
  1. All amounts are U.S. Dollars; all amounts are market value.
  2. Percentages shown are on the base of invested assets; i.e., they do not include the funds for the annual distribution.

 

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