A Summary of Our Investments
Investment returns, net of fees, for the periods ending March 31, 2018 were as follows:
|CFSJC Return||Policy Benchmark||CPI + 5%|
|One Year||+11.85%||+10.67%||+ 7.47%|
|Three Year||+ 6.31%||+ 6.14%||+ 6.95%|
|Five Year||+ 6.87%||+ 7.06%||+ 6.47%|
|Ten Year||+ 5.86%||+ 5.30%||+ 6.64%|
|Since Inception||+ 7.62%||+ 7.73%||+ 7.33%|
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 March 31, 2018