A Summary of Our Investments
Investment returns, net of fees, for the periods ending December 31, 2019 were as follows:
|CFSJC Return||Standard Benchmark||CPI + 5%|
|One Year||+ 20.43%||+ 20.31%||+ 7.39%|
|Three Year||+ 9.85%||+ 9.61%||+ 7.20%|
|Five Year||+ 6.88%||+ 6.69%||+ 6.90%|
|Ten Year||+ 7.68%||+ 7.24%||+ 6.83%|
|Since Inception||+ 7.61%||+ 7.87%||+ 7.29%|
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 December 2019