Every student belongs to one of four sub-funds and sits on its investment committee. The four committees invest independently, each against its own benchmark, within one shared set of investment guidelines. Together their benchmarks form a blended benchmark of 75% S&P 500 and 25% Bloomberg Aggregate Bond Index.
All four share the same objective: better than benchmark risk and return, by investing in securities that provide superior total return.
| MPT Thematic | MPSY Systematic | MPO Opportunistic | MPF Fixed Income | |
|---|---|---|---|---|
| Benchmark | S&P 500 | S&P 500 | S&P 500 | Bloomberg Aggregate Bond Index |
| Approach | Macro and sectoral themes | Systematic equity factors | Catalyst-driven stock selection | Active fixed income management |
| Instruments | Baskets of equity investments | ETFs with dedicated factor exposures, individual securities, or both | Individual equities | ETFs, individual bonds, and equity securities with fixed income characteristics such as REITs and preferred shares |
-
Thematic Equity
Thematic Equity FundIdentifies the macro and sectoral themes driving equity returns and invests in baskets of equities built to capture them.
Benchmark: S&P 500
-
Systematic Equity
Systematic Equity FundTakes exposure to systematic equity factors such as value, momentum and quality, through dedicated ETFs, individual securities, or both.
Benchmark: S&P 500
-
Opportunistic Equity
Opportunistic Equity FundInvests in individual equities where an identifiable catalyst supports significant outperformance.
Benchmark: S&P 500
-
Fixed Income
Fixed Income FundActively managed fixed income, using ETFs and individual bonds.
Benchmark: Bloomberg Aggregate Bond Index