A Summary of Our Investments
Investment returns, net of fees, for the periods ending June 30, 2019 were as follows:
|CFSJC Return||Standard Benchmark||CPI + 5%|
|One Year||+ 4.92%||+ 6.84%||+ 6.72%|
|Three Year||+ 8.56%||+ 8.45%||+ 7.14%|
|Five Year||+ 5.13%||+ 5.20%||+ 6.52%|
|Ten Year||+ 9.50%||+ 8.16%||+ 6.81%|
|Since Inception||+ 7.46%||+ 7.72%||+ 7.33%|
The Standard Benchmark is comprised of the following weighted indices: 65% All Country World Index and 35% 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 June 2019