Investment Presentation for YMCA
003954MT YMCA Dilworth Table of Contents As of February 17, 2015 Report Page YMCA Dilworth - IPS Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 YMCA Dilworth - Investment Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 YMCA Dilworth - Component Accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 YMCA Dilworth - Investment Performance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 YMCA Dilworth - Account Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 YMCA Endowment - IPS Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 YMCA Endowment - Investment Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 YMCA Endowment - Component Accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 YMCA Endowment - Investment Performance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 YMCA Endowment - Account Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
003954MT YMCA Dilworth Investment Policy Statement Effective Date: June 28, 2006 Investment Policy Statement Prepared For YMCA Dilworth Page 1 of 24
003954MT YMCA Dilworth Investment Policy Statement Effective Date: June 28, 2006 Investment Strategy: Growth and Income Investment Objectives To achieve a balance between growth of capital and current income by using a diversified, multi-asset-class approach. This strategy will consist primarily of equity-related investments, fixed-income investments and inflation hedges. Equity investments will include both domestic and international holdings, each of which may be diversified further by market capitalization and investment style. Fixed-income investments include taxable and/or tax-exempt bonds. Inflation hedges include commodities, real-estate and inflation-linked bonds. Suitability This strategy is appropriate for investors with an intermediate-to-long-term investment horizon who seek a balance between growth and income. Risk Profile This strategy seeks to achieve its objective with a moderate level of volatility. Asset class diversification may reduce risk and/or enhance returns. Page 2 of 24
003954MT YMCA Dilworth Investment Policy Statement Effective Date: June 28, 2006 Benchmark Target Asset Classes Minimum Maximum Equity Equity Blend (60% Russell 3000 / 40% 35% 55% 70% ACWI Ex US IMI) Fixed Income Fixed Income Blend (80% Barclays Agg / 10% 55% 32% 20% Barclays Global Agg ex-US Unhedged) Inflation Hedges Inflation Hedge Blend (50% Barclays Global 3% 10% 30% ILB / 35% S&P Global Property / 15% DJ-UBS Commodity) Cash & Cash Equivalents Lipper Money Market Funds Index 0% 10% 3% Total Allocation ( may not equal 100% due to rounding) 100% Equity 55 % 32 % Fixed Income 10 % Inflation Hedges Cash & Cash Equivalents 3 % Page 3 of 24
003954MT YMCA Dilworth Investment Policy Statement Effective Date: June 28, 2006 Component Accounts 060711-001 PA/INV AGT/COMMUNITY Y FND-DILWORTH 060711-003 WTNA/INV AGT/COMM Y FND-DILW-DRA 060711-005 WTNA INV AGT/COMM Y FND-DILW-CS Investment Restrictions There are no investment restrictions. Income Considerations As of Board meeting on 03/16/12, the income needs remain at $92K. Tax Considerations There are no tax considerations as this is a tax-exempt entity. Liquidity Requirements There are no liquidity requirements. Page 4 of 24
YMCA Dilworth Investment Summary January 31, 2015 003954MT Page 5 of 24 PORTFOLIO SNAPSHOT CURRENT MONTH 1 YEAR SINCE 04/01/2003 Current Allocation Beginning Market Value $2,765,362.51 $2,684,475.74 $1,657,525.63 Contribution/Withdrawals 0.00 (96,000.00) (722,466.38) Net Investment Change (11,225.27) 165,661.50 1,819,077.99 Ending Market Value $2,754,137.24 $2,754,137.24 $2,754,137.24 RATES OF RETURN CURRENT MONTH 1 YEAR SINCE 04/01/2003 Total Portfolio Net of Fees -0.4% 6.2% 7.1% 1 Policy Benchmark -0.3% 6.5% 6.8% REALIZED INVESTMENT CHANGE CURRENT MONTH 1 YEAR Large Cap 30% Fixed Income 25% Income Received $987.21 $67,392.62 Mid Cap 7% Inflation Hedges 5% This statement should not be used to prepare tax documents. Small Cap 4% Hedged Strategies 11% International 14% Cash and Currency 4% (1) As of the date of this statement, the Policy Benchmark was comprised of 55% of the Equity Blend (60% Russell 3000 / 40% ACWI Ex US IMI), 32% of the Fixed Income Blend (80% Barclays Agg / 20% Barclays Global Agg ex-US Unhedged), 10% of the Inflation Hedge Blend (50% Barclays Global ILB / 35% S&P Global Property / 15% DJ-UBS Commodity), 3% of the Lipper Money Market Funds Index.
YMCA Dilworth Component Accounts 003954MT January 31, 2015 Page 6 of 24 ACCOUNT NUMBER ACCOUNT NAME MARKET VALUE % OF TOTAL 003954MT YMCA Dilworth $2,754,137.24 100.0% 060711-005 WTNA INV AGT/COMM Y FND-DILW-CS $1,934,172.79 70.2% 060711-001 PA/INV AGT/COMMUNITY Y FND-DILWORTH $819,964.45 29.8% 060711-003 WTNA/INV AGT/COMM Y FND-DILW-DRA $0.00 0.0%
YMCA Dilworth Investment Performance 003954MT January 31, 2015 Page 7 of 24 CURRENT 3 1 3 5 10 START ASSET CLASS BENCHMARK MONTH MONTHS YEAR YEARS ¹ YEARS ¹ YEARS ¹ DATE Total Portfolio Net of Fees - 0.4% - 0.5% 6.2% 7.7% 7.7% 5.7% 04/01/2003 3 Policy Benchmark - 0.3% - 0.1% 6.5% 8.4% 8.4% 5.4% 04/01/2003 Equity - 1.8% - 2.0% 7.7% 12.3% 11.5% 6.5% 03/01/2003 4 Equity Policy Benchmark - 1.7% - 1.4% 7.8% 13.1% 11.8% 7.1% 04/01/2003 Large Cap - 2.5% - 0.4% 15.1% 17.5% 15.4% 7.0% 03/01/2003 Standard & Poor's 500 Index - 3.0% - 0.6% 14.2% 17.5% 15.6% 7.6% 04/01/2003 Mid Cap - 1.6% 1.2% 13.5% --- --- 6.6% ² 05/01/2003 Russell Midcap Index - 1.6% 1.2% 13.7% --- --- 9.7% 05/01/2003 Small Cap - 4.1% - 1.6% 5.3% 16.3% 16.4% 7.8% 05/01/2003 Russell 2000 Index - 3.2% - 0.4% 4.4% 15.3% 15.7% 7.9% 05/01/2003 International 0.6% - 5.1% - 1.0% 5.5% 5.3% 4.9% 05/01/2003 MSCI ACWI ex USA IMI - 0.2% - 2.9% 0.2% 6.8% 5.7% 5.5% 05/01/2003 Fixed Income 1.6% 1.1% 2.9% 2.9% 4.5% 5.2% 03/01/2003 5 Fixed Income Policy Benchmark 1.3% 1.5% 4.1% 2.0% 3.9% 4.5% 04/01/2003 Taxable Bonds 1.6% 1.1% 2.9% 2.9% 4.5% 5.2% 01/01/2004 Barclays Capital Aggregate Index 2.1% 2.9% 6.6% 3.1% 4.6% 4.9% 01/01/2004 Inflation Hedges 3.2% 3.2% 10.4% 3.9% 7.1% --- 07/01/2005 6 Inflation Hedges Policy Benchmark 2.8% 2.3% 9.1% 5.0% 7.2% --- 07/01/2005 Real Estate Investments 3.2% 5.1% 22.8% 12.0% 17.1% --- 07/01/2005 S&P Developed Property Index 4.6% 5.8% 21.0% 15.2% 14.7% --- 07/01/2005 Hedged Strategies 0.9% --- --- --- --- --- 12/01/2014
YMCA Dilworth Investment Performance 003954MT January 31, 2015 Page 8 of 24 CURRENT 3 1 3 5 10 START ASSET CLASS BENCHMARK MONTH MONTHS YEAR YEARS ¹ YEARS ¹ YEARS ¹ DATE Directional Hedge - 1.1% --- --- --- --- --- 12/01/2014 HFRX Global Hedge Fund - 0.3% --- --- --- --- --- 12/01/2014 Absolute Return Hedge 4.8% --- --- --- --- --- 12/01/2014 HFRX Absolute Return Index 0.6% --- --- --- --- --- 12/01/2014 Cash and Currency 0.0% 0.0% 0.0% 0.0% 0.0% 1.4% 03/01/2003 7 Cash and Currency Policy Benchmark 0.0% 0.0% 0.0% 0.0% 0.0% 1.3% 04/01/2003 Cash and Currency 0.0% 0.0% 0.0% 0.0% 0.0% 1.4% 03/01/2003 Lipper Money Market Funds Index 0.0% 0.0% 0.0% 0.0% 0.0% 1.3% 04/01/2003 (1) Returns for periods greater than 12 months are annualized. (2) Returns may include un-invested time periods. (3) As of the date of this statement, the Policy Benchmark was comprised of 55% of the Equity Blend (60% Russell 3000 / 40% ACWI Ex US IMI), 32% of the Fixed Income Blend (80% Barclays Agg / 20% Barclays Global Agg ex-US Unhedged), 10% of the Inflation Hedge Blend (50% Barclays Global ILB / 35% S&P Global Property / 15% DJ-UBS Commodity), 3% of the Lipper Money Market Funds Index. (4) As of the date of this statement, the Equity Policy Benchmark was comprised of the Equity Blend (60% Russell 3000 / 40% ACWI Ex US IMI). (5) As of the date of this statement, the Fixed Income Policy Benchmark was comprised of the Fixed Income Blend (80% Barclays Agg / 20% Barclays Global Agg ex-US Unhedged ). (6) As of the date of this statement, the Inflation Hedges Policy Benchmark was comprised of the Inflation Hedge Blend (50% Barclays Global ILB / 35% S&P Global Property / 15% DJ-UBS Commodity). (7) As of the date of this statement, the Cash and Currency Policy Benchmark was comprised of the Lipper Money Market Funds Index. (8) Equity returns exclude the performance of any holdings in private equity funds.
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