Diversification and Asset Allocation Sample Clauses

Diversification and Asset Allocation. Investments shall be diversified with the intent to minimize the risk of large losses. Consequently, the combined investment portfolios will be constructed and maintained to provide prudent diversification with regard to the concentration of holdings. No single asset class, investment style, or strategy can consistently outperform. Therefore, assets will be diversified appropriately using Modern Portfolio Theory concepts, as required by UPMIFA. The asset allocation decision significantly affects the long-term rate of return and volatility of the invested assets. The asset allocation of Funds A & D should reflect a proper balance of the needs for liquidity, diversification and risk aversion. The target asset mix, consistent with the achievement of the long-term objectives implies a balanced investment approach of a total 60% equities and 40% Fixed Income allocation of the entire portfolio ( or 70% Equities and 30% Fixed Income depending on the needs and environment of the funds.) The asset classes and ranges are listed in Exhibit A.
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Diversification and Asset Allocation. Investments shall be diversified with the intent to minimize the risk of large losses. Consequently, the combined investment portfolios will be constructed and maintained to provide prudent diversification with regard to the concentration of holdings. No single asset class, investment style, or strategy can consistently outperform. Therefore, assets will be diversified appropriately using Modern Portfolio Theory concepts, as required by UPMIFA. The asset allocation decision significantly affects the long-term rate of return and volatility of the invested assets. The asset allocation should reflect a proper balance of the needs for liquidity, diversification and risk aversion. The target asset mix, consistent with the achievement of the long-term objectives implies a balanced investment approach of a total 60% equities and 40% Fixed Income allocation of the entire portfolio (or 70% Equities and 30% Fixed Income depending on the needs and environment of the funds). The asset classes and ranges are listed in Exhibit A. In individual stock, not more than 5% of the total stock holdings of all portfolios valued at market may be invested in the common stock of any one corporation. Execution of Security Trades: The Investment Fund Committee expects the purchase and sale of securities to be made through responsible brokers in a manner designed to receive the best combination of realized prices and commission rates. Socially Responsible Investing: The Corporate Social Responsibility Committee, a subcommittee of the National Concerns Committee of the Executive Council of the Episcopal Church of the United States of America, establishes the directives for socially responsible investments. These directives are largely guided by recommendations from the Interfaith Center on Corporate Responsibility (ICCR) with respect to shareholder activism and other socially responsible investment issues. There are portfolio restrictions that have been put into place, all based on policies passed by the Executive Council. A list of companies subject to portfolio restrictions based on Episcopal Church guidelines will be provided in Exhibit A1. Where mutual funds are used as an investment vehicle, screening will occur at the time of purchase based on the most recent prospectus. The current list as provided by The Episcopal Church, for informational purposes only, is attached as Exhibit B.
Sample 1

Related to Diversification and Asset Allocation

  • Capital Accounts The Company will maintain a Capital Account for each Member on a cumulative basis in accordance with federal income tax accounting principles.

  • Tax Allocations Each item of income, gain, loss or deduction recognized by the Company shall be allocated among the Members for U.S. federal, state and local income tax purposes in the same manner that each such item is allocated to the Member’s Capital Accounts pursuant to Section 3.2(d) or as otherwise provided herein, provided that the Board may adjust such allocations as long as such adjusted allocations have substantial economic effect or are in accordance with the interests of the Members in the Company, in each case within the meaning of the Code and the Treasury Regulations. Tax credits and tax credit recapture shall be allocated in accordance with the Members’ interests in the Company as provided in Treasury Regulations section 1.704-1(b)(4)(ii). Items of Company taxable income, gain, loss and deduction with respect to any property (other than cash) contributed to the capital of the Company or revalued shall, solely for tax purposes, be allocated among the Members, as determined by the Board in accordance with Section 704(c) of the Code, so as to take account of any variation between the adjusted basis of such property to the Company for U.S. federal income tax purposes and its fair market value at the time of contribution or revaluation, as the case may be. All of the Members agree that the Board is authorized to select the method or convention, or to treat an item as an extraordinary item, in relation to any variation of any Member’s interest in the Company described in section 1.706-4 of the Treasury Regulations in determining the Members’ distributive shares of Company items. All matters concerning allocations for U.S. federal, state and local and non-U.S. income tax purposes, including accounting procedures, not expressly provided for by the terms of this Agreement shall be determined by the Board in its sole discretion. Each Class B Ordinary Share is intended to be treated as a profits interest for U.S. federal income tax purposes, and all of the Members agree to report consistently with, and to take any action requested by the Board to ensure, such treatment.

  • Risk Allocation The Product is Regulatorily Continuing.

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