Our Portfolios
Below, you'll find the details of our current managed portfolio options.
Charityvest offers two investment portfolio options: Standard and Filtered.
Our Standard Portfolio is built using Vanguard Select ETFs. These ETFs are selected by Vanguard’s Portfolio Review Department as ideal choices for portfolio building blocks because of their broad exposure to the indices they track, low expense ratios, and high daily liquidity. Learn more about Vanguard Select ETFs here.
Our Filtered Portfolio offers similar diversification as our Standard portfolio, but provides an opportunity for donors to avoid exposure to companies who participate in what may be deemed objectionable or controversial industries, such as alcohol, gambling, adult entertainment, and predatory lending. To construct our Filtered Portfolio, we use ETFs from the BlackRock iShares Advanced ESG suite and broader Sustainable Spectrum product line, which offers comparable underlying indices as our Standard Portfolio, at a very modest expense ratio premium.
Here are the assets which make up our current two-portfolio lineup, with expense ratios as of Feb 15, 2024 in parenthesis:
Asset Class | Standard Portfolio | Filtered Portfolio |
US Equities | VTI (0.03%) | USXF (0.10%) |
Developed Market Equities | VEA (0.05%) | DMXF (0.12%) |
Emerging Market Equities | VWO (0.08%) | EMXF (0.16%) |
US Fixed Income | BND (0.03%) | EUSB (0.12%) |
International Fixed Income | BNDX (0.07%) | BGRN (0.20%) |
Ultra-Short Duration Fixed Income | VUSB (0.10%) | VUSB (0.10%) |
For each of these portfolios, we offer four asset allocation choices: Conservative, Balanced, Growth, and Custom which is fully donor-advised.
Asset Class | Conserv. | Balanced | Growth | Custom |
US Equities | 22.5% | 40% | 45% | Donor-advised |
Developed Market Equities | 7.5% | 15% | 17.5% | Donor-advised |
Emerging Market Equities | 0% | 5% | 7.5% | Donor-advised |
US Fixed Income | 35% | 20% | 15% | Donor-advised |
International Fixed Income | 0% | 0% | 0% | Donor-advised |
Ultra-Short Duration Fixed Income | 35% | 20% | 15% | Donor-advised |
As of January 1, 2024, our blended expense ratios per portfolio were approximately:
Standard Portfolio | Filtered Portfolio | |
Growth | 0.05% | 0.11% |
Balanced | 0.05% | 0.11% |
Conservative | 0.06% | 0.11% |
As of January 1, 2024, the average rolling performance of the Standard portfolio, rebalanced monthly, using a 10-year lookback period from Jan 2014 to Dec 2023 was:
| Allocation | 1 Year | 3 Years | 5 Years | 7 Years |
|---|---|---|---|---|
Standard Growth | 6.86% | 7.76% | 7.53% | 7.78% |
Standard Balanced | 6.19% | 7.03% | 6.89% | 7.05% |
Standard Conservative | 3.99% | 4.58% | 4.70% | 4.60% |
$VUSB has been replaced with $ULST for purposes of the above backtest.
Dividend activity accrues to your account value, but is not recorded as individual dividend transactions in your activity.
Managed asset allocations may see target allocations shift from time to time, at the discretion of the Charityvest, Inc. Investment Committee. Because all assets in donor-advised funds are legally owned and controlled by Charityvest, Inc., investment portfolio construction and available securities are subject to the ongoing review and approval of the Charityvest, Inc. Board of Trustees.
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