The purpose of the Statement of Investment Policy and Guidelines is to assist the Trust Manager (Montana’s Outdoor Legacy Foundation) in effectively supervising and monitoring the investment portfolio of the Montana Fish and Wildlife Conservation Trust managed by the Investment Manager (D.A. Davidson Trust Co. /Davidson Investment Advisors).
A written policy is designed to convey the investment strategy, goals, and objectives by which the investment portfolio is to be managed. The investment policy is derived and suited to complement the Trust’s investment time horizon, risk tolerance, asset allocation, diversification requirements, income, and liquidity needs.
This Statement of Investment Policy and Guidelines is designed to be a living document and can be modified from time to time through ongoing communication and interaction between the Trust Manager, the Investment Manager, and the Joint State / Federal Board.
A well-defined investment policy ensures a prudent investment process and clearly establishes measurable standards by which to monitor this process. A flexible written policy increases the likelihood that the investment portfolio will be able to satisfy the financial needs of the Trust, while accomplishing quantifiable objectives in dynamic economic markets. Furthermore, such policy clearly defines the responsibility of all parties involved.
Above all, this Statement of Investment Policy and Guidelines is designed to support the stated purpose of the Trust – to provide a permanent & growing source of funding over the long term to acquire publicly accessible land and interests in land, including easements and conservation easements in the State of Montana according to the details outlined in the Trust document.
Statement of Investment Policy and Guidelines (PDF)