005 · The Findings
What we found.
122 Investment Policy Statements, scored 1–5 against the rubric across 14 domains. No plan is named here and none can be worked out: plans appear once, as opaque numbers, in a single list. Everything else is a distribution.
How the universe scores
Overall score, 16 bins of 0.25. The rust line is the median.
Top overall
The only place a plan is labelled — and only with a number that means nothing else on this site.
| Plan | Overall |
|---|---|
| Plan 39 | 4.50 |
| Plan 117 | 4.44 |
| Plan 137 | 4.33 |
| Plan 113 | 4.29 |
| Plan 58 | 4.27 |
| Plan 16 | 4.25 |
| Plan 76 | 4.25 |
| Plan 109 | 4.23 |
| Plan 136 | 4.21 |
| Plan 150 | 4.19 |
By domain
Mean score per rubric domain. Rust bars are core domains (they drive the overall score); grey are optional.
By category
Category means average every domain in the category, optional ones included — so they aren't directly comparable to the overall score.
Most common critical gaps
65 of 122 plans (53.28%) have at least one domain flagged as a critical gap.
| Domain | Plans | Share |
|---|---|---|
| Spending / Distribution Policy | 58 | 47.54% |
| Liquidity & Cash Flow Management | 22 | 18.03% |
| Rebalancing Policy | 6 | 4.92% |
| Time Horizon & Constraints | 5 | 4.1% |
| Monitoring, Reporting & Review | 3 | 2.46% |
| Performance Measurement & Benchmarks | 3 | 2.46% |
| Implementation & Manager Oversight | 1 | 0.82% |
| Investment Objectives | 1 | 0.82% |
| Risk Tolerance & Risk Philosophy | 1 | 0.82% |
| Strategic Asset Allocation | 1 | 0.82% |
By lens
Each domain is scored through four lenses; this is the mean of every lens score in the universe.
Recent rewrites vs the universe
64 plans adopted or revised their IPS in the last twelve months. Their median is 3.81 against the universe's 3.71. Distribution only — no rows.