Endowment Strategy Description

Description: The Marvin & Palmer Endowment Strategy is implemented for investors on a separate account basis. The portfolio is split between U.S.-listed securities and cash depending on the manager’s  market view. The strategy is employed relative to a benchmark (60% S&P 500/40% cash) and, generally, can range from 20% invested to 80% invested. This mechanism allows the strategy to be more aggressive or defensive depending on real-time developments in the global equity markets and the manager’s assessment of these developments.
Date of Inception: July 1, 2006
Investment Approach: Invests in high-quality companies supported by favorable trends. Investment ideas are combined with the ability to manage cash levels in the portfolio according to overall view of equity markets.
Target Range of Holdings: Generally 20 – 30
Benchmark: 60% S&P 500 / 40% Cash
Portfolio Managers: David Marvin, Stephen Marvin
Portfolio Analyst: Doug Sanna
Management Fees: 1.00% annually of assets under management