Balanced. This pool is designed for growth at more moderate levels of risk. It is appropriate for assets that will remain invested for at least three years. Assets are exposed to market risks and may experience principal loss from year to year. The projected near worst-case return per annum over three years is approximately -6%. For funds with short-term grantmaking goals Short-Term: This pool is designed to outperform money market returns and provide a high degree of liquidity for near-term grant distributions. This pool is appropriate for assets that will remain invested for periods of one year or more. Market values should be relatively stable from year to year, but may experience periodic declines. The projected near worst-case return per annum over three years is approximately -5%.
Appears in 2 contracts
Sources: Advised Fund Agreement, Fund Agreement