Page 48 - 2022 July Report

July Report 2022
Investment Committee minutes (draft) (3)
Table 2
JSF Financial Performance
Total Annual Investment Returns – To March 31, 2022 (in US$)
First Quarter 2022
Last Year
Last 3 Years
Last 5 Years
Last 10 Years
JSF ($279.3 mill)
Policy Index (*1) Simple Portfolio (*2) Other Foundations (*3)
JSF Percentile Ranking (%)
S&P 500
MSCI ACWI ex-US
Russell 3000 Growth Index
Russell 3000 Value Index
Barclay Bond Aggregate Hedge Funds (weighted)
Target Returns Inflation +5.0%
Performance vs. Target
-3.6% -3.7% -5.5% N/A
N/A
-4.6% -5.4%
-9.3%
-0.8%
-5.9% -0.3%
4.4%
-8.0%
9.5% 13.5% 8.0% 13.5% 3.8% 10.3% 3.8% 10.2%
75
15.6% 18.9% -1.5% 7.5%
12.8% 22.6%
11.1% 12.9%
-4.2% 1.7% 3.9% 8.8%
14.0% 9.4%
-4.5% 41%
10.6% 8.4% 10.7% 7.8% 9.0% 7.8% 8.8% 7.4%
8 29
16.0% 14.6% 6.7% N/A
20.1% N/A
10.1% N/A
2.1% 2.2% 6.5% 5.3%
8.5% 7.4%
2.1% 1.0%
1) Return achieved by a portfolio assuming targeted asset allocations and benchmark returns
2) Return achieved by a portfolio comprised of ETFs. 70% MSCI All Country World Index/30%
Barclay Bond Aggregate
3) Median return achieved by 128 Foundations with assets of $101 to $500 million (i.e. JSF peer group)
NOTE: historical data only includes CRUT results from Feb 2019 date of absorption. At that point CRUT assets totaled $48.7mill.
3. Winners and Losers – Coronation Redemption. Among individual managers (excluding Private Capital) there were several noteworthy investment return outliers in the JSF portfolio during the first five months of 2022. As noted in Table 3, the winners outnumbered the losers.
46