TIFF Multi-Asset Fund
Data updated: 2026-08-31
C000017543 — TIFF Multi-Asset Fund. United States Large Cap Blend / Core Equity · $1.45B AUM. Holdings, fees, performance and SEC filings.
C000017543 Fund Overview
TIFF Multi-Asset Fund is a US mutual fund managed by Tiff Investment Program, categorised as United States Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Tiff Investment Program
- Category: United States Large Cap Blend / Core Equity
- Assets under management: $1.45B
- 1-year return: 14.7%
- SEC CIK: 0000916622
- SEC series ID: S000006387
- Share class ID: C000017543
C000017543 Investment Objective and Strategy
TIFF Multi-Asset Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Tiff Investment Program.
Investment objective
The Funds investment objective is to attain a growing stream of current income and appreciation of principal that at least offsets inflation. The Funds performance objective (which is non-fundamental) is to achieve a total return (price appreciation plus dividends and interest income) net of expenses that, over a majority of market cycles, exceeds inflation, as measured by the Consumer Price Index, plus 5% per annum.
Principal investment strategy
The Fund seeks to achieve its objective through two principal means: (1) diversification across multiple asset classes and (2) active security selection. As a multi-manager fund, in addition to the Funds investment advisor, TIFF Advisory Services, LLC (TAS), the Fund engages external money managers to manage a portion of the Funds assets. The Fund also invests a portion of its assets in other investment funds (referred to in this prospectus summary and in the prospectus as acquired funds), such as exchange-traded funds, open-end mutual funds, and private investment funds, such as hedge funds. Acquired fund investments are made subject to the limits of the Investment Company Act of 1940, as amended, and any related rules, regulations or exemptions, and the Funds policy limiting investments in illiquid investments to no more than 15% of net assets.
Asset class allocations and allocations to money managers and acquired funds may change from time to time. The Fund invests, either directly or indirectly through its investments in acquired funds, in common and preferred stocks, securities issued or guaranteed by the US government, its agencies and instrumentalities, including Treasury bonds and Treasury inflation-protected securities (TIPS), and short-term investments, such as high-quality, short-term money market instruments. In addition, the Fund invests in synthetic and derivative instruments, such as futures, options, swaps, and forward foreign currency exchange contracts, in order to gain or hedge exposure to the Funds performance benchmark, one or more asset classes or categories of the benchmark, geographic exposures, or individual positions, including currency exposures.
Among other uses, these investments are designed to complement the Funds other holdings, and may be used in part to adjust the Funds overall exposures toward the levels desired by TAS. As part of its investment strategy, the Fund may take short positions in which it sells securities it does not own. In order to settle such short sales, the Fund must borrow or otherwise acquire the securities that it sold short to make delivery to the buyer. The Fund is then obligated to replace borrowed securities by purchasing them at the market price at the time of replacement. TAS also pursues a direct trading strategy whereby it invests a portion of the Funds assets directly in a limited number of publicly traded equity securities (typically, not more than 20). The issuers of such securities may be of any size, operate in any industry, and have domestic as well as international operations.
TAS chooses these direct equity holdings from the listed equity positions reported on Form 13F by a small group of long-oriented, active investment managers based upon TASs belief that such managers have demonstrated an ongoing ability to add value through security selection and tend not to trade holdings frequently. The Fund invests broadly in issuers domiciled in the United States and foreign countries. The Funds foreign securities may be denominated in currencies other than the US dollar. Under normal circumstances, up to 50% of the Funds assets may be invested in foreign securities, including emerging market securities. The Fund invests in companies of all sizes as measured by market capitalization. A portion of the Funds assets may be invested in smaller companies. The Funds investments in bonds and other debt obligations are not subject to any stated limitations on maturity.
Up to 20% of the Funds assets may be invested in debt obligations rated below investment grade, or if unrated, determined to be comparable quality (known as high yield bonds or junk bonds).
C000017543 Holdings
Top 10 holdings of TIFF Multi-Asset Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| United States Of America - Bureau Of The Public Debt | 4.75% |
| State Street Global Advisors | 3.78% |
| Helikon Long Sh Eq Fund Icav Helikon Long Sh Eq Fu Nd Icav | 3.46% |
| Voloridge Trading Aggress Fund Voloridge Trading A Ggress Fun | 2.59% |
| NVIDIA Corp. | 2.23% |
| Kotak Flexicap Feeder Fund Kotak Flxicap Fdr Fnd S R J D | 2.04% |
| Apple, Inc. | 1.82% |
| Eversept Global Healthcare Fun Eversept Global Hea Lthcare Fu | 1.75% |
| Invesco Exchange-Traded Fund Trust Ii | 1.56% |
| Select Sector Spdr Trust (the) | 1.55% |
C000017543 Portfolio Allocation
Asset-class allocation of TIFF Multi-Asset Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 59.4% |
| Other | 13.7% |
| Fixed Income | 8.1% |
| Cash & Equivalents | 3.8% |
| Derivatives | 0.4% |
C000017543 Performance
Total returns for C000017543 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 4.0% |
| 1 year | 14.7% |
| 3 years (annualised) | 16.1% |
| 5 years (annualised) | 7.8% |
C000017543 Risk Information
Risk metrics for C000017543, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 10.3%
C000017543 Costs and Fees
C000017543 costs about $229 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.29%
- Portfolio turnover: 290%
- Brokerage commissions: 13.84 bps of average net assets (SEC N-CEN)
C000017543 Cashflows
Over the 12 months to 2026-06, TIFF Multi-Asset Fund had net inflows of $70.37M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$19.14M |
| 2026-05 | −$13.82M |
| 2026-04 | −$27.60M |
| 2026-03 | −$5.41M |
| 2026-02 | $2.79M |
| 2026-01 | −$7.80M |
C000017543 Debt Constituents
Largest debt holdings of TIFF Multi-Asset Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Of America - Bureau Of The Public Debt | 4.75% |
| United States Of America - Bureau Of The Public Debt | 1.04% |
| United States Of America - Bureau Of The Public Debt | 0.87% |
| United States Of America - Bureau Of The Public Debt | 0.83% |
| United States Of America - Bureau Of The Public Debt | 0.56% |
| Cineplex, Inc. | 0.04% |
| Trillion Energy International, Inc. | 0.00% |
C000017543 Prospectus and SEC Filings
Official TIFF Multi-Asset Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-30
- Prospectus (485BPOS) — filed 2025-04-29
- Prospectus supplement (497) — filed 2026-07-01
- Portfolio holdings (N-PORT) — filed 2026-08-31
- Portfolio holdings (N-PORT) — filed 2026-06-01
- Portfolio holdings (N-PORT) — filed 2026-02-25
- Annual census (N-CEN) — filed 2026-03-12
- Annual census (N-CEN) — filed 2025-03-17
Related Funds
Other United States Large Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.