pursuing investment excellence on behalf of endowed non-profits

Multi-Asset Fund (MAF) as of November 30, 2018


Eligibility

MAF is open primarily to foundations, endowments, other 501(c)(3) organizations, and certain other non-profit organizations. In most cases, organizations seeking to invest in MAF must be "accredited investors" as defined in Rule 501(a) under the Securities Act of 1933, which generally requires that a non-profit organization have total assets in excess of $5 million. The $5 million need not be invested entirely in MAF.

Summary

Total Assets $2.8 billion
Total Member Organizations 231
Inception Date March 31, 1995
Minimum Initial Investment $2.5 million effective January 1, 2014
Primary Benchmark CPI + 5% per annum

Exposures and Performance Overview

MAF Overview


Please click the link above for details on MAF's performance benchmark and policy portfolio, exposures, manager allocations, expenses, and performance. The document is updated monthly. For return data and fund holdings, see below.

Return Data

MAF Current Performance

MAF Performance History

MAF Net Asset Values

Latest Conference Call

MAF Conference Call 7/31/2018 - Login Required

Systematic Withdrawal Plan, MAF Distribution Schedule and History, Former Managed Distribution Policy

MAF Systematic Withdrawal Plan

Please click the link above for a description of MAF's Systematic Withdrawal Plan, which will allow MAF members to make limited pre-selected withdrawals from their accounts without payment of the exit fee, subject to certain conditions. Additional information can be found in the TIP Prospectus.


MAF Distribution Schedule

Please click the link above for the most recent schedule for MAF's quarterly dividends and distributions.


MAF Distribution History

Please click the link above for a summary of MAF's recent distribution history. This history begins with calendar year 2017, when MAF's former Managed Distribution Policy was eliminated.


Former MAF Managed Distribution Policy and Related Distribution History

Please click the link above for a description of MAF's former Managed Distribution Policy and distribution history under the Policy. The Managed Distribution Policy was eliminated in 2017.

Holdings

HoldingsMAF

HoldingsMAF.txt

The Acrobat format (.pdf) is easy to read and will print clearly. The comma-separated text format (.txt) can be imported into a wide variety of software applications. MAF holdings and sector allocations are subject to change and are not a recommendation to buy or sell any security.

Prospectus

For the latest TIP Prospectus, which includes MAF, see the link below.

The fund may use leverage; invests in illiquid securities, non-US securities, small capitalization stocks, derivatives, below investment grade bonds and engages in short-selling. Non-US securities may entail political, economic, and currency risks different from those of US securities and may be issued by entities adhering to different accounting standards than those governing US issuers. Small capitalization stocks may entail different risks than larger capitalization stocks, including potentially lesser degrees of liquidity. The fund or certain of its money managers invest routinely and, at times, significantly in derivatives, certain of which are deemed by the SEC to be highly speculative. Short selling of securities may increase the potential for loss if a manager has difficulty covering a short position. Leverage may accelerate the velocity and magnitude of potential losses. Not more than 20% of the fund's assets may be invested in debt obligations rated below investment grade (i.e., having a rating lower than BBB by Standard & Poor's or Baa by Moody's) or unrated but deemed to be of similar quality. Bonds rated below investment grade are commonly referred to as "junk bonds." As a multi-manager fund, the fund may experience higher transaction costs than a fund managed by a single manager, and the fund may not be able to combine money managers such that their styles are complementary.

 

Index Descriptions

The prospectus contains detailed information about risks associated with the TIFF mutual funds. Please read the prospectus carefully before investing. Mutual fund investing involves risk. Principal loss is possible. The mutual funds are distributed by Foreside Fund Services, LLC.
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