As of December 3rdand 4th, each respective classes asset allocation has been in line with the benchmark set earlier in the semester (90% Equity and 10% Fixed Income). The Monday SMIF Portfolio is holding an asset allocation of 89.79% Equity and 10.21% Fixed Income. Since taking over the SMIF Portfolio on April 30, 2018, the Monday portfolio has achieved a total return of 5.04%, which trails their benchmark by 186 basis points.
The Tuesday SMIF Portfolio is holding an asset allocation of 89.57% Equity, 10.16% Fixed Income, and 0.27% Cash. Since taking over the SMIF Portfolio on April 30, 2018, the portfolio has achieved a total return of 5.67%, which trails our benchmark by 42 basis parts. Our benchmark is a blended benchmark consisting of 90% S&P 500 Index and 10% Barclay’s US Aggregate Bond Index. The majority of our achieved return can be attributed to the Information Technology and Health Care sectors of the total SMIF Portfolio.
In the early part of the semester, SMIF also selected target sector weightings for the equity position of the portfolios. The current weightings can be seen in the tables below for each respective class. Depending on our future outlooks, we will look into adjusting our target weights next semester.
Figure 1: Monday SMIF Equity Sector Weightings 12/3 Compared to SMIF Sector Targets