Investment Returns - Periods ended March 31, 2012
| Investment Pool |
Quarter |
Year To Date |
One Year |
Three Years |
Five Years |
Ten Years |
| Cash Equivalent |
0.1% |
0.1% |
0.5% |
0.9% |
2.0% |
2.3% |
| Fixed Income * |
1.5% |
1.5% |
4.5% |
6.9% |
1.5% |
3.4% |
| Balanced |
8.0% |
8.0% |
3.3% |
15.1% |
3.0% |
5.7% |
| Equity |
11.5% |
11.5% |
2.7% |
20.9% |
2.1% |
5.8% |
| Market Indicies |
|
| Salomon 3-Month Treasury Bills |
0.0% |
0.0% |
0.1% |
0.1% |
1.1% |
1.8% |
| Barclays Capital Aggregate Bond Index |
0.3% |
0.3% |
7.7% |
6.8% |
6.3% |
5.8% |
Weighted Composite Index
(60% S&P 500; 40% Barclays Capital Intermediate U.S. Gov/Credit Index) |
7.7% |
7.7% |
7.9% |
16.5% |
3.9% |
4.9% |
| S&P 500 |
12.6% |
12.6% |
8.5% |
23.4% |
2.0% |
4.1% |
Note: All returns are net of investment management fees. Returns may not reflect the actual performance of individual funds. The multi-year returns are compounded annual returns.
*During the summer and fall of 2007, the performance in the Fixed Income Pool was negatively affected by significant losses in net asset value in the Regions Morgan Keegan Select Intermediate Bond Fund, which originally accounted for approximately 55% of the pool. As a result of those losses, the Foundation’s investment committee reduced its position in that fund by 40% in August 2007 and completely liquidated the position on Nov. 15, 2007. The Fixed Income Pool no longer has any exposure to this fund. The Fixed Income Pool is the smallest of the Foundation's investment pools, amounting to approximately 1.5% of assets. No other investment pools or any other assets of the Foundation were affected by this investment.