Investment Strategy
Currently, the Lutheran Foundation of Texas manages three investment Funds. The Funds that are selected for use in specific individual and ministry accounts by the Investment Committee are based on the account goals and the input of the donors.
Fixed Income Fund
Investment Objective
The Investment Objective of the Fixed Income Fund is to provide reasonable current income with low risk and market volatility given prevailing market conditions through investing mainly in investment grade corporate bonds, government securities and agencies, preferred stock, fixed income mutual funds, fixed annuities, and cash equivalents.
Asset Allocation and Maximum Target Allocations
- 100% Investment Grade Corporate Bonds
- 30% Preferred Stock
- 50% Fixed Income Mutual Funds
- 25% Government Securities and Agencies
- 25% Fixed Annuities
- 15% Cash Equivalents
Percentage of the portfolio as of 12/31/08.
- 25.55% Corporate Bonds
- 36.23% Fixed Income Mutual Funds
- 21.27% Preferred Stock
- 9.20% Cash Equivalents
- 3.36% CDs
- 2.95% Government Securities
- 1.44% Annuities
- 100% Market value 12/31/08 was $14,566,994.
Disclaimer
Investing in stocks, bonds, or mutual funds involves risk and can result in loss. Past performance does not guarantee future results.Back to top
Equity Growth Fund
Investment Objective
The Investment Objective of the Equity Growth Fund is to achieve reasonable appreciation of capital given current market conditions by investing primarily in growth orientated, large-cap, mid-cap, and small-cap, no-load mutual funds, and cash equivalents.
Asset Allocation and Maximum Target Allocations
- 75% Large-cap Growth
- 50% Mid-cap Growth
- 50% Small-cap Growth
- 20% Other
Percentage of the portfolio as of 12/31/08.
- 34.40% American Funds Growth Fund of America (AGTHX)
- 28.55% Fidelity Mid-Cap Stock Fund (FMCSX)
- 31.44% Fidelity Small Cap Independence Fund (FDSCX)
- 5.61% Cash Equivalents
- 100% Portfolio established 3/31/2004. Market value 12/31/08 was $1,275,788.
Disclaimer
Investing in stocks, bonds, or mutual funds involves risk and can result in loss. Past performance does not guarantee future results.Back to top
Equity Value Fund
Investment Objective
The Investment Objective of the Equity Value Fund is to achieve reasonable appreciation of capital given current market conditions by investing primarily in value orientated, large-cap, mid-cap and small-cap, no-load mutual funds, and cash equivalents.
Asset Allocation and Maximum Target Allocations
- 75% Large-cap Growth
- 50% Mid-cap Growth
- 50% Small-cap Growth
- 20% Other
Percentage of the portfolio as of 12/31/08.
- 3.37% Vanguard Windsor II Fund Investors (VWNFX)
- 24.54% Vanguard Windsor II Fund Admiral (VWNAX)
- 31.22% Fidelity Mid-Cap Value Fund (FSMVX)
- 32.85% Vanguard Small-Cap Value Index Fund (VISVX)
- 5.42% Dodge and Cox International Stock Fund (DODFX)
- 2.60% Cash Equivalents
- 100% Portfolio established 10/1/02. Market value 12/31/08 was $1,169,532.
Disclaimer
Investing in stocks, bonds, or mutual funds involves risk and can result in loss. Past performance does not guarantee future results.Back to top
Please contact us for more information.