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-46- SMITHSONIAN INSTITUTION [[underline]]INVESTMENT FUNDS SUMMARY[[/underline]] ($1,000) Market Value [[6-column table]] | Jun 30, 1971 | Dec 31, 1974 | Dec 31, 1975 | Dec 31, 1976 | Mar 31, 1977 [[underline]]T. ROWE PRICE & ASSOCIATES[[/underline]] | | | | | Cash | 14 -% | 1,395 13% | 6 -% | (5) -% | 27 -% Bonds | 4,124 29 | 1,436 13 | 1,807 15 | 545 4 | 537 4 Cv Bds & Pfd | 634 5 | 1,719 17 | 1,782 14 | 1,686 12 | 1,558 13 Common Stock | [[underline]] 9,333 66 | 5,752 56 | 8,801 71 | 11,283 84 | 10,126 83[[/underline]] Total | [[double underline]]14,105 100% | 10,302 100% | 12,396 100% | 13,509 100% | 12,248 100%[[/double underline]] Value Index | 100.0 | 62.9 | 79.6 | 89.9 | 80.4 Total Accomp. | 100.0 | 74.8 | 95.4 | 109.5 | 100.7 Div + Int/Yr | 532 - 3.8% Mkt. | 575 - 5.6% Mkt. | 481 - 3.9% Mkt. | 415 - 3.1% Mkt. | 431 - 3.5% Mkt. Tot Ret Inc/Yr | - | 741 - 7.2% Mkt. | 692 - 5.6% Mkt. | 685 - 5.1% Mkt. | 685 - 5.6% Mkt. | | | | | [[underline]] DAVIS, PALMER & BIGGS[[/underline]] | | | | | Cash | 31 -% | 1,062 9% | 347 2% | 687 4% | 997 6% Bonds | 1,018 14 | 3,524 30 | 3,331 25 | 3,114 17 | 3,059 18 Cv Bds & Pfd | 309 5 | 440 4 | 702 5 | 1,234 7 | 1,292 7 Common Stock | [[underline]]5,809 81 | 6,626 57 | 9,165 68 | 13,062 72 | 12,007 69[[/underline]] Total | [[double underline]]7,167 100% | 11,652 100% | 13,545 100% | 18,097 100% | 17,355 100%[[/double underline]] Value Index | 100.0 | 84.3 | 97.0 | 116.4 | 109.5 Total Accomp. | 100.0 | 94.9 | 113.6 | 138.6 | 133.4 Div + Int/Yr | 276 - 3.9% Mkt. | 736 - 6.3% Mkt. | 693 - 5.1% Mkt. | 802 - 4.4% Mkt. | 836 - 4.8% Mkt. Tot Ret Inc/Yr | - | 696 - 6.0% Mkt. | 743 - 5.5% Mkt. | 786 - 4.3% Mkt. | 786 - 4.5% Mkt. | | | | | [[underline]]THORNDIKE, DORAN, PAINE & LEWIS[[/underline]] | | | | | Cash | 4 -% | 852 9% | 244 2% | 193 2% | 91 1% Bonds | 5,262 47 | 2,109 21 | 2,158 19 | 1,873 14 | 1,842 15 Cv Bds & Pfd | 529 5 | - - | - - | 217 2 | 467 4 Common Stock | [[underline]] 5,300 48 | 6,842 70 | 9,107 79 | 10,513 82 | 9,498 80[[/underline]] Total | [[double underline]]11,095 100% | 9,803 100% | 11,509 100% | 12,796 100% | 11,898 100%[[/double underline]] Value Index | 100.0 | 66.0 | 80.9 | 94.5 | 86.1 Total Accomp. | 100.0 | 79.8 | 98.7 | 116.7 | 109.6 Div + Int/Yr | 526 - 4.7% Mkt. | 538 - 5.5% Mkt. | 490 - 4.3% Mkt. | 511 - 4.0% Mkt. | 530 - 4.5% Mkt. Tot Ret Inc/Yr | - | 664 - 6.8% Mkt. | 656 - 5.7% Mkt. | 629 - 4.9% Mkt. | 629 - 5.3% Mkt. | | | | | [[underline]]TOTAL SMITHSONIAN CONSOLIDATED ENDOWMENT[[/underline]] | | | | | Cash | 49 0% | 3,309 10% | 597 2% | 875 2% | 1,115 3% Bonds | 10,404 24 | 7,069 22 | 7,296 19 | 5,532 12 | 5,438 13 Cv Bds & Pfd | 1,472 3 | 2,159 7 | 2,484 7 | 3,137 7 | 3,317 8 Common Stock | [[underline]]31,972 73 | 19,220 61 | 27,073 72 | 34,858 79 | 31,631 76[[/underline]] Total* | [[double underline]] 43,897*** 100% | 31,757 100% | 37,450 100% | 44,402 100% | 41,501 100%[[/double underline]] Value Index | 100.0 | 71.2 | 86.1 | 100.7 | 92.4 Total Accomp. | 100.0 | 83.5 | 103.1 | 122.3 | 115.3 Div + Int/Yr | 1,741 - 4.0% Mkt. | 1,849 - 5.8% Mkt. | 1,664 - 4.4% Mkt. | 1,728 - 3.9% Mkt. | 1,797 - 4.3% Mkt. Tot Ret Inc/Yr | - | 2,101 - 6.6% Mkt. | 2,091 - 5.6% Mkt. | 2,100 - 4.7% Mkt. | 2,100 - 5.1% Mkt. | | | | | *Includes Freer Fd | 18,805 | 12,259 | 14,420 | 16,318 | 15,098 Consolidated Fd** | 12,765 | 9,997 | 11,682 | 15,159 | 14,409 Endowment #3 | [[underline]]12,327*** | 9,501 | 11,348 | 12,925 | 11,994[[/underline]] Total | [[double underline]]43,897 | 31,757 | 37,450 | 44,402 | 41,501[[/double underline]] | | | | | [[underline]]STOCK MARKET AVERAGES - TOTAL ACCOMPLISHMENT INDEX 6/30/71 - 100[[/underline]] | | | | | D-J Industrials | 100.0 | 82.4 | 113.2 | 138.1 | 127.4 S&P's 500 Stocks | 100.0 | 79.8 | 105.2 | 128.7 | 118.8 Value Line Comp. | 100.0 | 55.4 | 75.9 | 99.1 | 97.4 [[underline]]STOCK MARKET AVERAGES - VALUE INDEX (Excluding Dividends & Interest Yield - 6/30/71 = 100)[[/underline]] | | | | | D-J Industrials | 100.0 (891.14) | 69.16 (616.24) | 95.6 (852.41) | 112.7 (1004.65) | 103.1 (919.13) S&P's 500 Stocks | 100.0 (99.70) | 68.78 (68.56) | 90.4 (90.19) | 107.8 (107.46) | 98.7 (98.42) Value Line Comp. | 100.0 (116.31) | 42.10 (48.97) | 60.7 (70.69) | 80.4 (93.47) | 77.7 (90.34) [[/6-column table]] ** Includes Special Endowment Fund. *** Includes portion of Johnson & Johnson stock held in Treasurer's Office.
Transcription Notes:
Chart completed per transcription instructions, but with so many numbers, lines, columns, and underline formatting it can be really confusing. I added the following: (-->) to indicate the beginning of a new line to help differentiate.
Later transcriber: Removed the "-->" marks; these are not needed in properly transcribed tables with pipes, and they are misleading because they imply original content which is, in fact, not there. Also changed footnote to use asterisks (*) rather than half-superscripted underlined "1/" notations that are hard to transcribe and read.