Unified Investments
The Unified Investment Program was established by the legislature to create a single agency vested with the authority to invest and manage state funds in accordance with state law and the Montana constitution. The Unified Investment Program has grown from a book value of $321 million at year-end 1972 to a book value of $12.9 billion at year-end 2012, an annual average increase of 9.7 percent. During the same period, the number of accounts invested by the Board increased from 40 accounts to 498 accounts. By state law, the Board is required to administer the Unified Investment Program in accordance with the "prudent expert principle", defined as: 1) discharging its duties with the care, skill, prudence, and diligence that a prudent person acting in a like capacity with the same resources and familiar with like matters exercises in the conduct of an enterprise of like character and like aims; 2) diversifying the holdings of each fund to minimize the risk of loss and maximize the rate of return; 3) discharging it duties solely in the interest of and for the benefit of the funds managed.
Investment Policy Statements
Other Investment Policy Statements
Non STIP Pool Participant Monthly Statements
Montana Domestic Equity Pool
Monthly Statement (PDF) Monthly Statement (XLS)
Trust Funds Investment Pool
Monthly Statement (PDF) Monthly Statement (XLS)
Retirement Funds Bond Pool
Monthly Statement (PDF) Monthly Statement (XLS)
Montana Private Equity Pool
Monthly Statement (PDF) Monthly Statement (XLS)
Montana International Equity Pool
Monthly Statement (PDF) Monthly Statement (XLS)
Montana Real Estate Pool
Monthly Statement (PDF) Monthly Statement (XLS)
Quarterly Performance Reports
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MBOI Investment Performance Analysis - Quarter ended March 31, 2013 |
Prior Month Portfolios