Investment Performance
Donors creating a fund at the Community Foundation of Greater Chattanooga, Inc. can choose to participate in one of the Foundation's investment pools. Below are the investment objectives and performance of the available pools.
Investment Pool A
Investment Objective: The primary investment objective of Pool A is to produce a total return of 6% greater than the Consumer Price Index over a rolling five-year period. The intent is to preserve the purchasing power of grants and portfolio values based on the current spending policies of funds participating in the pool. Pool A holds 66.4% of the Foundation’s total assets including the Foundation’s unrestricted endowment, the Fund for Chattanooga, and other endowment funds seeking long-term (over 10 years) performance.
Management of Pool A: Stewardship of these valuable community assets is the responsibility of the Foundations Investment Committee. The committee’s responsibilities include the determination of target allocation, selection of asset classes and managers, rebalancing of assets and performance evaluation. The Investment Committee contracted the investment consulting services of Memphis-based Gerber/Taylor Associates, Inc. in 1995. Gerber/Taylor has approximately 100 clients who have over $18 billion in combined assets.
Asset and Investment Performance as of 6/30/10:
Assets in Pool A: $49,142,783
Number of Funds Participating in Pool A: 94 (of 301)
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|
|
6/30/10 |
1 year |
3 year |
5 year |
|
Returns for Pool A |
- .72% |
14.72% |
- .49% |
6.59% |
|
|
Returns for Index (CPI plus 6%) |
6.93% |
7.05% |
7.51% |
8.3% |
|
|
Returns for S&P |
5.39% |
49.77% |
-4.17% |
1.92% |
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|
|
|
|
|
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|
|
2009 |
2008 |
2007 |
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|
Calendar Returns for Pool A |
23.51% |
-22.76% |
12.14% |
Investment Pool C
Investment Objective: Pool C holds 10.4% of the Foundation’s total assets. The primary investment objective of Pool C is the preservation of assets. This option is chosen by donors for short-term, non-endowed Donor-Advised Funds and also for many of the project funds held by the Foundation. Donors who choose Pool C seek to preserve their charitable assets and are not interested in the growth strategies due to the risks associated.
Management of Pool C: Pool C is held at First Tennessee Bank with the underlying investment in Fidelity Institutional Government Portfolio Fund #657. The Fund normally invests at least 80% of assts in U.S. Government securities and repurchase agreements for those securities. The fund may also enter into reverse repurchase agreements. The Fund seeks to obtain as high a level of current income as is consistent with the preservation of principal and liquidity within the limitations prescribed for the fund.
Asset and Investment Performance as of 6/30/10:
Assets in Pool C: $7,486,668
Number of Funds Participating in Pool C: 194 (of 301)
|
|
6/30/10 |
1 year |
3 year |
5 year |
|
Returns for Fund |
0.01% |
0.01% |
1.56% |
2.70% |
|
Returns for Index (90-day T bill rates) |
0.04% |
0.12% |
1.40% |
2.63% |
