History
David Swensen popularized diversified endowment portfolios with real assets and global equities.
Philosophy
Preserve the endowment-style structure while leaning into tangible assets.
Real Assets / Hard AssetsInflation hedgeReal assetsModerateMedium complexity
Swensen Real Assets Variant
A Swensen-inspired endowment allocation with a larger real-estate and inflation-linked bond sleeve.
Asset allocation
US Stocks
30%International Stocks
20%REITs
20%TIPS
15%Bonds
15%Implementation
Local products and proxies
🌐 Swensen Real Assets Variant implementation
Long-term individual investor
Use broad, low-cost funds or ETFs matching each asset class.
Account notes: Implementation depends on local account types and tax wrappers.
Costs: Prefer low-cost, liquid vehicles.
Rebalancing: Annual rebalancing or tolerance bands.
Tax: Country-specific tax treatment should be reviewed before implementation.
Product names are implementation examples for research. Availability, taxation, share classes and suitability should be checked with the investor's broker and tax situation.
Similar portfolios
Adjacent ideas in the atlas
7Twelve Portfolio
A highly diversified multi-asset portfolio with 12 equally weighted sleeves across seven asset groups, designed to smooth returns across economic regimes.
US Stocks8.3%
International Developed Stocks8.3%
Emerging Markets Stocks8.3%
US Bonds8.3%
Others66.6%
Open atlas entry
Swensen Portfolio
A liquid retail adaptation of David Swensen’s Yale endowment philosophy, combining public equities, real estate, long bonds and inflation-linked bonds.
US Stocks30%
REITs20%
International Stocks15%
Long Bonds15%
Others20%
Open atlas entry
Equal Real Assets Portfolio
An equal-weight real-assets allocation across REITs, gold, commodities and TIPS, designed to diversify inflation and scarcity exposures.
REITs25%
Gold25%
Commodities25%
TIPS25%
Open atlas entry
REITs & Gold Portfolio
A compact real-assets blend of listed property, gold and bonds.
REITs40%
Gold30%
Bonds30%
Open atlas entry
Stocks REITs Gold Portfolio
A compact real-assets equity portfolio with stocks, REITs and gold.
Stocks50%
REITs25%
Gold25%
Open atlas entry