- David Novick
Investment |
Mix |
|
| Large Cap Stocks |
 |
38% |
| Small Cap Stocks |
 |
17% |
| International Stocks |
 |
10% |
| Alternative Investments |
 |
15% |
| Fixed Income |
 |
20% |
Investment Returns (Net of Investment Fee)
| Investment Returns | Q4 2017 | 1 Yr | 3 Yrs | 5 Yrs |
|
RCF Pool (65% equities, 20% bonds and 15% alternative investments) |
3.93% | 15.8% | 7.98% | 10.53% |
| Total Fund Policy | 4.14% | 15.48% | 7.74% | 10.27% |
| S&P 500 Index | 6.64% | 21.83% | 11.41% | 15.79% |
|
Barclays Capital Intermediate US Gov/Credit |
.39% | 3.54% | 2.24% | 2.10% |
|
Investment Returns |
2017 | 2016 |
2015 |
2014 | 2013 |
|
RCF Pool (65% equities, 20% bonds & 15% alt. investments) |
15.8% | 8.49% | .21% | 6.11% | 23.15% |
| Total Fund Policy | 15.48% | 7.71% | .57% | 7.52% | 21.20% |
FOUNDATION INVESTMENTS
This long-term disciplined portfolio includes a diverse mix of equities, bonds and alternative investments. The goal of this pool is to generate highly competitive investment returns that support grant making, while ensuring that each fund's principal growth equals or exceeds the rate of inflation.
The assets within the Foundation are prudently managed and invested for optimum return in accordance with the written Investment Policy approved by the Board of Directors.
Investment Objective
The portfolio is designed to achieve a return of 8% annually that includes a 5% payout and 3% growth.
Investment Management
Under the oversight of the Racine Community Foundation's Investment Committee, AndCo Consulting provides investment consulting services, advising the committee on growth and diversification strategies and high-performing sectors, as well as monitoring the Community Foundation's investment pool to maintain its balanced investment approach.
AndCo Consulting provides oversight and evaluation of the Community Foundation's 19 money managers:
- American Funds - Europacific Growth Fund
- ASB Allegiance Real Estate Fund, LP
- Baird Ultra Short Bond Fund
- BlackRock Multi Asset Income
- Broadview Advisors LLP
- ClearBridge Investments
- Cortina Asset Management
- Diamond Hill Small/Mid Cap
- Dodge & Cox Stock Fund
- Fiduciary Management, Inc.
- Grosvenor Capital Management
- Hatteras Multi-Strategy TEI Institutional Fund, L.P.
- McDonnell Investment Management
- Nuveen Small Cap Value
- Oakmark International
- PIMCO All Asset Fund
- PRIMECAP Odyssey Growth Fund
- Vanguard 500 Index
- Vanguard Total Bond
The Investment Fee on the portfolio is 0.67% (67 basis points). The Racine Community Foundation's Investment Committee reviews investment performance and consultant recommendations, adjusting its investments to stay on top of emerging developments.
