A Summary of Our Investments
Investment returns, net of fees, for the periods ending December 31, 2017 were as follows:
|CFSJC Return||Policy Benchmark||CPI + 5%|
|One Year||+17.02%||+17.50%||+ 7.21%|
|Three Year||+ 7.18%||+ 7.27%||+ 6.71%|
|Five Year||+ 7.70%||+ 8.24%||+ 6.50%|
|Ten Year||+ 5.59%||+ 4.78%||+ 6.69%|
|Since Inception||+ 7.70%||+ 7.86%||+ 7.30%|
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, 2017