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.


P.O. Box 837, South Bend, IN 46624 | 305 S. Michigan St., South Bend, IN 46601 | Phone: (574) 232-0041 | Fax: (574) 233-1906

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