Investment Philosophy
The Community Foundation invests its assets to foster strong support of the community’s current needs while also providing resources for future generations.
The Foundation invests in a variety of investment vehicles to ensure diversification using asset classes and investment strategies. The Foundation does not choose the individual investments but hires a range of investment managers who, within their particular field, make those choices.
Responsibility for investment oversight begins with the Investment Committee and Foundation staff, who meet regularly with the Foundation’s investment consultant to discuss performance and investment strategies and review managers.
Information about those managers, investment returns, asset allocation and fees are available upon request by calling or emailing The Foundation office.
To learn more about about the Foundation's investment consultant, click here.
Investment Strategy/Performance As of June 30, 2008
The following table reports investment returns, net of investment management fees, compared to a variety of market benchmarks.
Foundation Investment Performance vs. Benchmark - Through 6/30/2008, Net of Fees
|
Latest Quarter |
Latest 1 Year |
Latest 3 Yrs |
Latest 5 Yrs |
Latest 10 Yrs |
The Community Foundation |
-0.7% |
-6.4% |
6.8% |
9.7% |
6.7% |
Foundation Market Benchmark* |
-1.4% |
-6.3% |
6.4% |
8.8% |
5.3% |
60% S&P 500/40% Lehman Bond
|
-1.9% |
-5.2% |
4.4% |
6.2% |
4.3% |
S&P 500 |
-2.7% |
-13.1% |
4.4% |
7.6% |
2.9% |
Asset allocation is the key to the Foundation’s investment results. Accordingly, the Foundation constructs its portfolio with the following in mind:
-
Allocate the majority of the portfolio to asset classes with high long-term returns (i.e. equities and alternative investments)
-
Construct a well-diversified portfolio able to achieve its return objectives during a variety of economic and market conditions
-
Avoid attempts to predict short-term market behavior via market timing strategies
-
Retain world-class investment managers who are expected to out-perform index funds over three- to five- year periods
Asset Allocation Strategy/Investment Manager Summary
Asset Class |
Target Allocation |
Managers |
U.S. Large/Mid Capitalization Equities |
|
Eagle/Iridian/PIMCO/Vanguard |
U.S. Small Capitalization Equities |
|
Ashford/DFA/Stoneridge |
International Equities |
|
Gryphon/Silchester/TT |
High Yield Fixed Income |
|
Post Advisory |
Absolute Return Hedge Funds |
|
The Investment Fund for Foundations |
Fixed Income |
|
PIMCO/Western Asset Management |
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