Investment Performance
Investment Performance
Investment returns, net of fees, for the periods ending September 30, 2023, were as follows:
| CFSJC Return | Standard Benchmark | CPI + 5% | |
| One Year | 10.6% | 13.5% | 8.9% |
| Three Year | 5.7% | 2.7% | 11.0% |
| Five Year | 6.7% | 4.5% | 9.2% |
| Ten Year | 6.5% | 5.5% | 7.9% |
| Since Inception | 7.5% | 4.5% | 7.6% |
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.
