Prepared for Utah Higher Education Assistance Authority
Asset Allocation
100%
Prepared for: Utah Higher Education Assistance Authority
Proposed Target Enrollment Portfolio glide-path base case
Year
US Equity
90%
80%
70%
60%
1
2
3
Intl
Intl
Equity
Bonds
57.00% 38.00% 3.50% 1.50%
57.00% 38.00% 3.50%
57.00% 38.00% 3.50%
US Bonds
Cash
0.00%
1.50% 0.00%
1.50%
0.00%
4
54.60% 36.40% 6.30%
2.70%
0.00%
5
52.20%
34.80% 9.10%
3.90%
0.00%
6
49.80%
33.20% 11.90% 5.10%
0.00%
7
46.20%
30.80% 16.10% 6.90%
0.00%
50%
40%
8
42.60%
28.40% 20.30% 8.70%
0.00%
9
39.00%
10
35.40%
Total Equity Age 18: 19%
11
33.00%
30%
26.00% 24.50% 10.50% 0.00%
23.60% 28.70% 12.30% 0.00%
22.00% 31.50% 13.50% 0.00%
12
13
20%
14
10%
15
16
09
17
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22
Enrollment Years
18
19
20
21
US Equity
Intl Equity
US Bonds Intl Bonds Cash
22
52.90%
30.60% 20.40% 34.30% 14.70% 0.00%
28.20% 18.80% 37.10% 15.90% 0.00%
23.00% 15.30% 38.50% 16.50% 6.70%
18.20% 12.10% 39.40% 16.90% 13.30%
15.40% 10.20% 38.10% 16.30% 20.00%
12.80% 8.50% 36.40% 15.60% 26.70%
11.60% 7.70% 33.10% 14.20% 33.30%
10.40% 7.00% 29.80% 12.80% 40.00%
9.30% 6.20% 26.50% 11.40% 46.70%
8.10% 5.40% 23.20% 9.90% 53.30%
7.00% 4.60% 19.90% 8.50% 60.00%
Average 31.75% 21.15% 23.42% 10.04% 13.64%
Equity/FI
33.45%
For institutional use only. Not for distribution to retail investors. 18View entire presentation