Endowment Index® Third Quarter 2022 Performance Update

APPLETON, Wis., Oct. 18, 2022 /PRNewswire/ — The Endowment Index® calculated by Nasdaq OMX® (Symbol: ENDOW) declined 7.50% (on a total return basis) for the third quarter ended September 30, 2022. This compares to the Global 60-40 Portfolio (60% Stocks, 40% Bonds), which declined 6.81% over the same period.

Nineteen of the Index’s twenty-two components posted losses for Q3 2022 as federal reserve aggressively tightened monetary policy to curb rising inflation. The top performing component of the Index for Q3 was commodity – oil and gas, which gained 8.55%. Defensive and energy sectors performed the best during the third quarter of 2022. Private equity (the index’s largest constituent, along with Chinese stocks, real estate, and other commodities were among the poorest performing constituents for the period.

Asset Class

Q3 2022 Change (%)

 Asset Class

Q3 2022 Change (%)

Commodity – Oil & Gas




Publicly Traded MLP’s


Global Equities


Liquidity – T-bills




Managed Futures


Intl Developed Equity


Private Eq-Distressed Debt


Commodity – Infrastructure


Hedge Funds


Domestic Real Estate


Intl Developed Fixed Inc


Commodity – Timber


Domestic Fixed Inc.


Emerging Markets


US Equity


Private Equity/VC


Emerging Mkt Fixed Inc


Intl. Real Estate


Commodity – Met/Mining


Em. Market Equity – China


Endowment Index Press Releases to be Discontinued

This will be the final quarterly performance press release for the Endowment Index®. SEC Marketing Rule 206(4)-1, which places new requirements on the distribution of hypothetical performance on investment advisers, becomes effective on November 4, 2022. To comply with the Rule, ETF Model Solutions will no longer provide Endowment Index performance data via press release. Investment professionals, institutional investors, endowment managers, family office staff and accredited investors who wish to continue to receive Endowment Index® performance data should visit EndowmentIndex.com and sign up to receive future updates directly

The Endowment Index® represents the investable opportunity for managers of portfolios utilizing the Endowment Investment Philosophy® or who otherwise incorporate alternative investments within a comprehensive asset allocation. The Endowment Index® measures performance for a multi-asset, globally diversified, three-dimensional portfolio that includes Global Equity, Global Fixed Income, and Alternative Investments (like Private Equity, Hedge Funds and Real Assets). The Index applies an objective, rules-based construction methodology based upon portfolio allocation data obtained from over 700 educational institutions that collectively manage over $820 billion as of 6/30/21. Each of the 22 sub-indexes that currently comprise the Index are investable and contained within those sub-indexes are over 47,000 underlying securities.

ETF Model Solutions, LLC serves its clients as an ETF strategist, designing and managing ETF-based investment solutions for advisers, institutions, retirement plans and individual investors based upon the Endowment Investment Philosophy®. The Firm offers ETF-based diversified target-risk models, and asset class models for use by investment advisers and retirement plans. ETF Model Solutions, LLC also provides digital investment services to individual investors through the website, www.MyRoboAdviser.com.

Contact: Tim Landolt MBA, Managing Director, 920.785.6012
Info: www.ETFModelSolutions.com or www.EndowmentIndex.com

Disclosure: Information presented for educational purposes only and is not intended as an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies, nor shall it be construed to be the provision of investment advice. You cannot invest directly in an index. Indexes do not contain fees. Past performance is not necessarily indicative of future results. Investments involve risk and unless otherwise stated, are not insured or guaranteed. Performance information provided is net of any underlying exchange-traded fund expenses but does not include any other fees or expenses. A copy of the Firm’s disclosure document, Form ADV Brochure Part 2, is available upon request.

Media Contact:
Evan Kubiak
920 785 6010

SOURCE ETF Model Solutions, LLC