Investment Performance
A Summary of Our Investments
Investment returns, net of fees, for the periods ending December 31, 2018 were as follows:
CFSJC Return | Policy Benchmark | CPI + 5% | |
---|---|---|---|
One Year | - 5.93% | - 6.48% | + 7.00% |
Three Year | + 4.81% | + 5.36% | + 7.12% |
Five Year | + 3.75% | + 3.88% | + 6.58% |
Ten Year | + 7.70% | + 7.88% | + 6.88% |
Since Inception | + 7.13% | + 7.33% | + 7.29% |
The Policy Benchmark is comprised of the following weighted indices: 70% All Country World Index and 30% Barclays Aggregate Bond Fund. The Community Foundation compares its performance to this benchmark to determine if active management of our investment portfolio produces a superior return to what a typical, passively invested endowment portfolio would produce.
The Community Foundation also compares our performance to a long-term benchmark comprised of 5% plus the rate of inflation as measured by the Consumer Price Index (CPI). Over the long-term, the Foundation seeks to earn 5% plus CPI to cover the cost of annual grants to charity while protecting the real value of the underlying endowments.
For Periods Ending December 31, 2018