Composite Performance Review ending September 30, 2014

COMPOSITE PERFORMANCE REVIEW
Report for Periods Ending September 30, 2014
The Jackson Community Foundation
Presented by:
Bruce A. Benjamin, CFA
Timothy P. O'Donnell, CAIA
Managing Principal
Senior Vice President
The Jackson Community Foundation
Summary of Investment Performance
Report for Periods Ending September 30, 2014
Annualized
Since
Month
3 Mos
Total Composite
Target Weighted Index 1
CPI + 5%
Policy Index 2
-3.3%
-2.3
0.4
-2.1
-2.9%
-1.6
1.1
-0.7
Global Equity
Schwab Fundamental Large Co. Index
Russell Fundamental U.S. Large Co. Index
S&P 500 Index
iShares Russell Midcap Index
Russell Midcap Index
DFA U.S. Small Cap Value
Russell 2000 Value Index
Russell 2000 Index
AQR International Equity
MSCI EAFE Index
Schwab Fundamental Int'l Large Co.
MSCI EAFE Index
DFA International Small Cap Value
MSCI Small Cap EAFE Index
DFA Emerging Markets Small Cap
MSCI Emerging Markets Small Cap Index
DFA Emerging Markets Value
MSCI Emerging Markets Index
Gateway Fund
HFRX Equity Hedge Index
Robeco L/S Research Equity Fund
HFRX Equity Hedge Index
-3.3
-3.3
-7.0
-6.7
-6.0
-4.5
-3.8
-4.2
-3.8
-5.8
-5.4
-5.0
-4.3
-8.2
-7.4
-0.4
-0.1
-1.1
-0.1
-1.7
-1.7
-7.2
-8.6
-7.4
-7.0
-5.9
-6.9
-5.9
-8.5
-7.8
-1.8
-1.4
-4.4
-3.5
0.5
0.0
0.5
0.0
© 2014 Fund Evaluation Group, LLC
YTD
3.1%
4.2
5.0
5.1
6.7
6.9
-3.0
-4.7
-4.4
-5.2
-1.4
-0.4
-1.4
-1.1
-2.7
8.5
7.5
2.0
2.4
3.1
1.2
-
2
1Yr
3Yr
5Yr
Inception
Date
Market Value
7.7%
9.3
6.6
11.6
12.9%
12.1
6.6
15.0
8.9%
9.0
7.0
11.0
12.2%
11.4
6.9
13.2
11/08
$20,316,667
15.6
15.8
8.3
4.1
3.9
1.3
4.3
6.2
4.3
6.7
3.0
10.1
8.8
3.1
4.3
6.6
5.5
-
23.6
23.8
25.0
20.6
21.3
15.1
13.6
17.5
14.5
11.0
9.7
6.7
7.2
7.4
5.3
-
15.9
13.0
14.3
8.9
8.9
8.4
6.7
3.0
4.4
5.6
1.1
-
19.3
19.5
19.7
15.2
17.2
6.9
6.6
18.5
15.4
16.0
16.4
21.1
20.5
15.3
14.5
6.1
2.5
3.4
-0.4
9/14
2,056,256
6/10
1,369,799
11/08
1,624,659
11/09
966,748
7/12
1,072,592
11/08
1,059,014
11/08
789,364
11/08
1,190,005
11/08
961,481
2/14
891,472
Confidential - For Client Use Only
The Jackson Community Foundation
Summary of Investment Performance
Report for Periods Ending September 30, 2014
Annualized
Since
Month
3 Mos
YTD
Fixed Income
Loomis Sayles Bond Fund
Barclays U.S. Aggregate Bond Index
PIMCO Global Advangtage Fund
GLADI Index
DoubleLine Total Return Bond
Barclays U.S. Aggregate Bond Index
-2.3%
-0.7
-3.3
-3.1
-0.2
-0.7
Real Assets
CBRE Clarion Long/Short REIT Fund
MSCI U.S. REIT Index
HFRI Equity Hedge Index
JPMorgan Alerian MLP Index
Alerian MLP Index
Powershares DB Commodity Index
Dow Jones UBS Commodities Index
-5.9
-6.1
-1.8
-1.7
-1.6
-7.3
-6.2
-5.8
-3.4
-1.2
2.4
2.7
-12.5
-11.8
3.6
13.0
2.0
18.6
19.5
-9.4
-5.6
Diversifying Strategies
Driehaus Select Credit Fund
HFRI RV: Fixed Income - Corporate Index
Barclays U.S. Aggregate Bond Index
John Hancock GARS
HFRI Fund Weighted Composite Index
HFRI FOF: Diversified Index
Natixis ASG Managed Futures
HFRI Macro: Systematic Diversified Index
Barclay CTA Index
-1.6
-0.7
-0.7
0.8
-0.4
0.1
0.8
2.6
1.5
-2.6
-0.7
0.2
2.6
0.3
0.5
6.8
5.0
3.2
-
© 2014 Fund Evaluation Group, LLC
-1.8%
0.2
-4.3
-3.9
0.7
0.2
1Yr
5.1%
4.1
1.8
0.9
5.3
4.1
7.7%
4.0
1.8
0.8
5.0
4.0
4.5
11.9
6.8
24.6
25.8
-10.0
-6.6
-
3
3Yr
9.5%
2.4
-
5Yr
9.5%
4.1
-
Inception
Date
Market Value
14.9%
5.2
1.3
1.1
4.7
2.0
11/08
$947,998
7/12
921,798
1/12
1,856,469
-3.6
-5.3
-
3.3
9.0
9.5
20.4
21.5
-1.2
-2.8
10/12
595,029
7/12
727,674
11/09
610,129
-
-
-1.9
2.2
2.0
2.9
2.0
1.4
14.1
5.2
3.8
2/14
524,413
2/14
662,627
2/14
648,762
Confidential - For Client Use Only
The Jackson Community Foundation
Summary of Investment Performance
Report for Periods Ending September 30, 2014
Footnotes:
* Performance returns are net of investment management fees.
* Calculated returns may differ from the manager's due to differences in security pricing and/or cash flows.
* Manager and index data represent the most current available at the time of report publication.
* Market values and rates of return for monthly update reports may be based on estimates.
* Hedge fund and private capital manager market values and rates of return may be based on estimates and may be revised until completion of an annual audit by the manager.
* For managers and indices that report returns on a lag, 0.0% is utilized for the most recent time period until the actual return data are reported.
* The fiscal year ends in December.
1 Target Weighted Index is comprised of: 35.0% Russell 3000 Index, 15.0% MSCI AC World Index ex-U.S., 20.0% Barclays U.S. Aggregate Bond Index, 5.0% FTSE NAREIT Equity REIT
Index, 10.0% HFRI Equity Hedge Index, 5.0% Bloomberg Commodities Index, and 10.0% HFRI FOF: Conservative Index.
2 Policy Index is comprised of: 55.0% Russell 3000 Index, 15.0% MSCI AC World Index ex-U.S., and 30.0% Barclays U.S. Aggregate Bond Index.
© 2014 Fund Evaluation Group, LLC
4
Confidential - For Client Use Only
The Jackson Community Foundation
Schedule of Asset and Style Allocation
Report For Periods Ending September 30, 2014
Asset Class
Global Equity
Global Fixed
Real Assets
Diversifying Strategies
Cash
Total
Managed
Portfolio
Weight
59.0%
18.3%
9.5%
9.0%
4.1%
100.0%
Total
Portfolio
Weight
56.2%
17.5%
9.1%
8.6%
8.6%
100.0%
Target
Weight
60.0%
20.0%
10.0%
10.0%
0.0%
100.0%
Target
Range
40% - 80%
0% - 40%
0% - 20%
0% - 20%
0% - 10%
Large/Mid
Cap Equity
Small Cap
Equity
International
Equity
Emerging
Markets
Natural
Resources
Real
Estate
Fixed
Income
Low
Volatility
Cash
Market
Value
100%
100%
-
100%
-
100%
100%
100%
-
100%
100%
-
-
-
-
100%
100%
-
$
$
$
$
$
$
$
$
$
$
2,056,256
1,369,799
1,624,659
966,748
1,072,592
1,059,014
1,190,005
789,364
961,481
891,472
-
-
-
-
-
-
100%
100%
100%
-
-
$
$
$
1,856,469
947,998
921,798
-
-
-
-
100%
100%
100%
-
-
-
-
$
$
$
595,029
727,674
610,129
-
-
-
-
-
-
-
100%
100%
100%
-
$
$
$
648,762
524,413
662,627
$ 3,426,055
16.9%
$ 1,624,659
8.0%
$ 1,979,369
9.7%
$ 1,337,803
6.6%
$ 3,726,265
18.3%
$ 3,688,755
18.2%
100%
$ 1,840,381
Global Equity
Schwab Fundamental LC Index
iShares Russell Midcap Index
DFA US Small Cap Value
AQR International
Schwab Fundamental Int'l Large Cap
DFA International Small Cap Value
DFA Emerging Markets Value
DFA Emerging Markets SC Value
Gateway Fund
Robeco L/S Research Equity Fund
Global Fixed Income
Double Line Total Return Bond
Loomis Sayles Bond Fund
PIMCO Global Advantage
Real Assets
CBRE Clarion Long/Short REIT
JPMorgan Alerian MLP Index
Powershares DB Commodities Index
Diversifying Strategies
Natixis ASG Managed Futures
Driehaus Select Credit Fund
John Hancock GARS
Goldman Sachs Square Prime Obligation1
Total
Percent of Total
1
$
3,098,354
15.3%
Cash total includes $1,000,000 of unmanaged cash.
© 2014 Fund Evaluation Group, LLC
Confidential - For Client Use Only
5
$
595,029
2.9%
$ 1,840,381
$ 21,316,670
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