Investment Objectives
State the primary and secondary objectives (return target, income needs, capital preservation). Include the time horizon and liquidity requirements.
4.8
on G2
Free Finance Template
Investment guidelines for [fund/portfolio]
Use this template to investment guidelines for [fund/portfolio].
| Field | Details |
|---|---|
| Category | Finance |
| Owner | [Team or owner] |
| Version | [Version number] |
| Effective Date | [Date] |
| Review Cycle | [Monthly / Quarterly / Annual / Event-based] |
| Status | [Draft / In Review / Approved] |
State the primary and secondary objectives (return target, income needs, capital preservation). Include the time horizon and liquidity requirements.
| Item | Details | Owner | Status |
|---|---|---|---|
| [Item or requirement] | [Describe the relevant detail, evidence, or decision] | [Owner] | [Open / Complete] |
| [Item or requirement] | [Describe the relevant detail, evidence, or decision] | [Owner] | [Open / Complete] |
[Add context, assumptions, exceptions, evidence links, screenshots, calculations, or reviewer comments.]
Define strategic asset allocation with target weights, permissible ranges, and sub-asset class breakdowns. Use a table with asset class, target %, minimum %, and maximum %.
| Item | Details | Owner | Status |
|---|---|---|---|
| [Item or requirement] | [Describe the relevant detail, evidence, or decision] | [Owner] | [Open / Complete] |
| [Item or requirement] | [Describe the relevant detail, evidence, or decision] | [Owner] | [Open / Complete] |
[Add context, assumptions, exceptions, evidence links, screenshots, calculations, or reviewer comments.]
List all permitted and prohibited investment instruments by asset class. Specify any ESG, ethical, or regulatory constraints.
| Item | Details | Owner | Status |
|---|---|---|---|
| [Item or requirement] | [Describe the relevant detail, evidence, or decision] | [Owner] | [Open / Complete] |
| [Item or requirement] | [Describe the relevant detail, evidence, or decision] | [Owner] | [Open / Complete] |
[Add context, assumptions, exceptions, evidence links, screenshots, calculations, or reviewer comments.]
Document quantitative risk limits: maximum drawdown, tracking error, concentration limits, duration limits, credit quality floors. Use a table.
| Item | Details | Owner | Status |
|---|---|---|---|
| [Item or requirement] | [Describe the relevant detail, evidence, or decision] | [Owner] | [Open / Complete] |
| [Item or requirement] | [Describe the relevant detail, evidence, or decision] | [Owner] | [Open / Complete] |
[Add context, assumptions, exceptions, evidence links, screenshots, calculations, or reviewer comments.]
Define calendar-based and threshold-based rebalancing rules, including tolerance bands and execution guidelines.
| Item | Details | Owner | Status |
|---|---|---|---|
| [Item or requirement] | [Describe the relevant detail, evidence, or decision] | [Owner] | [Open / Complete] |
| [Item or requirement] | [Describe the relevant detail, evidence, or decision] | [Owner] | [Open / Complete] |
[Add context, assumptions, exceptions, evidence links, screenshots, calculations, or reviewer comments.]
Specify the composite benchmark and individual asset class benchmarks. Define performance evaluation periods and peer comparison methodology. Use precise percentages and financial terminology. Reference fiduciary.
| Item | Details | Owner | Status |
|---|---|---|---|
| [Item or requirement] | [Describe the relevant detail, evidence, or decision] | [Owner] | [Open / Complete] |
| [Item or requirement] | [Describe the relevant detail, evidence, or decision] | [Owner] | [Open / Complete] |
[Add context, assumptions, exceptions, evidence links, screenshots, calculations, or reviewer comments.]
Document review conclusions, approvals, unresolved items, and next review date.
| Role | Name | Date | Notes |
|---|---|---|---|
| Preparer | [Name] | [Date] | [Notes] |
| Reviewer | [Name] | [Date] | [Notes] |
| Approver | [Name] | [Date] | [Notes] |
Template Structure
Use this finance template as a starting point, then customize each section to match your internal workflow, evidence, and signoff needs.
State the primary and secondary objectives (return target, income needs, capital preservation). Include the time horizon and liquidity requirements.
Define strategic asset allocation with target weights, permissible ranges, and sub-asset class breakdowns. Use a table with asset class, target %, minimum %, and maximum %.
List all permitted and prohibited investment instruments by asset class. Specify any ESG, ethical, or regulatory constraints.
Document quantitative risk limits: maximum drawdown, tracking error, concentration limits, duration limits, credit quality floors. Use a table.
Define calendar-based and threshold-based rebalancing rules, including tolerance bands and execution guidelines.
Specify the composite benchmark and individual asset class benchmarks. Define performance evaluation periods and peer comparison methodology. Use precise percentages and financial terminology. Reference fiduciary.
Write an Investment Policy Statement (IPS) in a formal, fiduciary-appropriate tone. Structure with:
State the primary and secondary objectives (return target, income needs, capital preservation). Include the time horizon and liquidity requirements.
Define strategic asset allocation with target weights, permissible ranges, and sub-asset class breakdowns. Use a table with asset class, target %, minimum %, and maximum %.
List all permitted and prohibited investment instruments by asset class. Specify any ESG, ethical, or regulatory constraints.
Document quantitative risk limits: maximum drawdown, tracking error, concentration limits, duration limits, credit quality floors. Use a table.
Define calendar-based and threshold-based rebalancing rules, including tolerance bands and execution guidelines.
Specify the composite benchmark and individual asset class benchmarks. Define performance evaluation periods and peer comparison methodology.
Use precise percentages and financial terminology. Reference fiduciary standards.
Adopted: 2026-01-01 | Review: Annual | Fiduciary: Meridian Pension Board of Trustees
The Fund seeks to achieve a long-term annualized real return of 4.5% above CPI (approximately 7.0% nominal) to meet projected benefit obligations over a 30-year horizon. Secondary objectives are to maintain sufficient liquidity for annual benefit payments (~5% of NAV) and to minimize contribution volatility.
Current AUM: $2.4 billion | Funded Status: 92% | Time Horizon: 30+ years
| Asset Class | Target % | Minimum % | Maximum % | Benchmark |
|---|---|---|---|---|
| US Equities | 30% | 25% | 35% | S&P 500 TR |
| International Equities | 20% | 15% | 25% | MSCI ACWI ex-US |
| Fixed Income — Core | 25% | 20% | 30% | Bloomberg US Aggregate |
| Real Assets (REITs + Infrastructure) | 10% | 5% | 15% | NCREIF ODCE / DJ Brookfield |
| Private Equity | 10% | 5% | 15% | Cambridge PE Index |
| Cash & Short-Term | 5% | 2% | 10% | 91-day T-Bill |
Permitted: publicly traded equities, investment-grade bonds, US Treasuries, TIPS, agency MBS, listed REITs, open-end commingled funds, ETFs, private equity limited partnerships (approved by Board).
Prohibited: direct commodity futures, cryptocurrency, leveraged ETFs, individual options (except covered calls), securities of tobacco manufacturers (ESG exclusion).
| Risk Measure | Limit | Monitoring Frequency |
|---|---|---|
| Maximum drawdown (rolling 12-month) | -15% | Monthly |
| Portfolio tracking error vs. policy benchmark | < 3.0% annualized | Quarterly |
| Single issuer concentration (ex-Treasuries) | ≤ 5% of total Fund | Monthly |
| Below-investment-grade fixed income | ≤ 10% of fixed income sleeve | Monthly |
| Effective duration range (fixed income) | Policy benchmark ± 2 years | Quarterly |
The portfolio will be rebalanced to target weights when any asset class deviates by more than ±5 percentage points from its target, or at minimum quarterly. Rebalancing will use cash flows (contributions and distributions) first; market trades are used only when cash flows are insufficient.
The composite benchmark is a blended index weighted to match the strategic asset allocation targets above. Performance is evaluated over rolling 3-year and 5-year periods net of fees, against both the policy benchmark and a peer universe of public pension funds with similar AUM.
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Template FAQ
Common questions about using and generating a investment Policy Statement.
Q: What is a investment Policy Statement?
A: A investment Policy Statement is a structured document for investment guidelines for [fund/portfolio].
Q: Can I download this investment Policy Statement as Word or PDF?
A: Yes. This page includes free downloads in DOCX, PDF, and Markdown formats so you can edit, share, or import the template into your documentation system.
Q: Can Docsie generate this from a video?
A: Yes. Upload a process walkthrough, training recording, or screen capture to Docsie, then use this template structure to generate a first draft automatically.