Endowment and Trust Investment Pool—Change in Valuation and Market Value Summary

Change in Valuation from 12/31/02 to 12/31/03

Market Value at 12/31/02

$219,376

Realized Capital Gains

1,842

Unrealized Capital Gains

47,180

Reinvested Income

5,582

Contributions

5,891

Withdrawals

(12,034)

Market Value at 12/31/03

$267,837

Holdings and Market Value Summary as of 12/31/03

U.S. Large Stocks

Berkshire Hathaway A

$ 25,949

Berkshire Hathaway B

25

Biotech Index

2,124

Price Science & Tech

3,299

Putnam New Opp.

4,219

Vanguard Index 500

29,833

Vanguard Windsor

24,751

Subtotal

$ 90,200

U.S. Small—Mid Stocks

Babson Enterprise

$ 15,193

Vanguard Extended

16,023

Vanguard Small

13,567

Subtotal

$ 44,783

Non—U.S. Developed

Scudder International

$ 4,072

Templeton Foreign

15,678

Vanguard European

9,185

Vanguard Pacific

5,764

Vanguard Intl. Growth

5,197

Vanguard Intl. Value

4,911

Subtotal

$ 44,807

Non—U.S. Emerging

Capital International

$ 8,441

Templeton Emerging

6,530

Subtotal

$ 14,971

Hedge Funds

Commonfund

$ 11,099

GT Offshore

5,860

Ironwood

6,205

Man-Glenwood

4,743

Medallion

1,008

Subtotal

$ 28,915

Fixed Income

PIMCO

$ 12,505

Morgan Stanley

5,356

Vanguard High Yield

5,191

Scudder International

2,708

Price International

3,114

BONY Mortgages

6,051

Cash, State Street

1,701

Subtotal

$ 36,626

Private Placements

$ 7,535

GRAND TOTAL

$267,837



The National Academies | 500 Fifth St. N.W. | Washington, D.C. 20001
Copyright © National Academy of Sciences. All rights reserved.
Terms of Use and Privacy Statement



Below are the first 10 and last 10 pages of uncorrected machine-read text (when available) of this chapter, followed by the top 30 algorithmically extracted key phrases from the chapter as a whole.
Intended to provide our own search engines and external engines with highly rich, chapter-representative searchable text on the opening pages of each chapter. Because it is UNCORRECTED material, please consider the following text as a useful but insufficient proxy for the authoritative book pages.

Do not use for reproduction, copying, pasting, or reading; exclusively for search engines.

OCR for page 22
Report of the Treasurer to the Council of the National Academy of Sciences Endowment and Trust Investment Pool—Change in Valuation and Market Value Summary Change in Valuation from 12/31/02 to 12/31/03 Market Value at 12/31/02 $219,376 Realized Capital Gains 1,842 Unrealized Capital Gains 47,180 Reinvested Income 5,582 Contributions 5,891 Withdrawals (12,034) Market Value at 12/31/03 $267,837 Holdings and Market Value Summary as of 12/31/03 U.S. Large Stocks Berkshire Hathaway A $ 25,949 Berkshire Hathaway B 25 Biotech Index 2,124 Price Science & Tech 3,299 Putnam New Opp. 4,219 Vanguard Index 500 29,833 Vanguard Windsor 24,751 Subtotal $ 90,200 U.S. Small—Mid Stocks Babson Enterprise $ 15,193 Vanguard Extended 16,023 Vanguard Small 13,567 Subtotal $ 44,783 Non—U.S. Developed Scudder International $ 4,072 Templeton Foreign 15,678 Vanguard European 9,185 Vanguard Pacific 5,764 Vanguard Intl. Growth 5,197 Vanguard Intl. Value 4,911 Subtotal $ 44,807 Non—U.S. Emerging Capital International $ 8,441 Templeton Emerging 6,530 Subtotal $ 14,971 Hedge Funds Commonfund $ 11,099 GT Offshore 5,860 Ironwood 6,205 Man-Glenwood 4,743 Medallion 1,008 Subtotal $ 28,915 Fixed Income PIMCO $ 12,505 Morgan Stanley 5,356 Vanguard High Yield 5,191 Scudder International 2,708 Price International 3,114 BONY Mortgages 6,051 Cash, State Street 1,701 Subtotal $ 36,626 Private Placements $ 7,535 GRAND TOTAL $267,837