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Performance

Akron Community Foundation’s investment performance consistently ranks in the top quarter among community foundations nationwide.

Stock information in newspaperSince implementing our written investment policy statement in 1989, the community foundation has earned an average annual net return of 9.1 percent. This is largely thanks to our policy of preserving capital, promoting long-term growth and minimizing undue risk of our charitable assets.

The community foundation measures its investment performance against the Policy Index, a benchmark created to mirror the portfolio's targeted asset mix. This benchmark allows us to more accurately measure the performance of individual components prescribed in the foundation’s written investment policy statement and compare the effects of asset allocation changes. 

The following are our most recent investment results. The dashboards are formatted as PDFs and can be viewed using Adobe Acrobat Reader.

Third quarter FY 2015
Second quarter FY 2015
First quarter FY 2015
Fourth quarter FY 2014

For more information about the community foundation’s investment performance or your statement, contact Vice President and Chief Financial Officer Steve Schloenbach.

Managers and Investment Relationships

We invest your money with managers that have a proven history of excellent results.

Selection and performance

Investment consultants from Legacy Strategic Asset Management help the community foundation identify managers with outstanding track records in each asset class. Legacy also evaluates the chosen managers on an ongoing basis to ensure they are investing in accordance with the community foundation’s investment policy and meeting its goals and objectives for that asset class. Managers may be dismissed for poor performance or failing to adhere to the community foundation’s policies geared toward long-term growth.

Small/Mid-Cap Equities

Diamond Hill Capital Management, located in Columbus, Ohio, manages small/mid-cap value equities for the community foundation. (Selected in 2016.)

Frontier Capital Management, located in Boston, Massachusetts, manages small/mid-cap growth equities for the community foundation. (Selected in 1996.)

Large-Cap Equities

Broadleaf Partners, located in Hudson, Ohio, manages large-cap growth equities for the community foundation. (Selected in 2010.)

iShares Russell 1000 Growth Fund represents a portion of the community foundation’s large-cap growth equities. (Selected in 2011.)

iShares Russell 1000 Value Fund represents a portion of the community foundation's large-cap value equities. (Selected in 2011.)

PNC Capital, located in Akron, Ohio, manages large-cap value equities for the community foundation, as well as a portion of its fixed income portfolio. (Selected in 1996.)

International Equities

Harbor International, located in Chicago, Illinois, manages international value equities for the community foundation. (Selected in 2010.)

Oppenheimer International, located in Denver, Colorado, represents a portion of the community foundation’s international growth equities. (Selected in 2011.)

Thornburg Developing World Fund, located in Santa Fe, New Mexico, represents a portion of the community foundation's international emerging markets equities. (Selected in 2013.)

Fixed Income Investments

Huntington, located in Akron, Ohio, manages a portion of the community foundation’s fixed income portfolio and also serves as master custodian. (Selected in 1996.)

Goldman Sachs Strategic Income Fund, located in Boston, Massachusetts, represents a portion of the community foundation’s fixed income portfolio. (Selected in 2013.)

Loomis, Sayles & Company, located in Kansas City, Missouri, manages a portion of the community foundation’s fixed income portfolio. (Selected in 2011.)

PNC Capital, located in Akron, Ohio, manages a portion of the community foundation's fixed income portfolio, as well as large-cap value equities. (Selected in 1996.)

Templeton Global, located in Rancho Cordova, California, manages a portion of the community foundation's fixed income portfolio. (Selected in 2012.)

Alternative Investments

Archstone Partnerships, located in New York City, New York, manages a portion of the community foundation’s alternative investments. (Selected in 2010.)

Aurora Investment Management, located in Chicago, Illinois, manages a portion of the community foundation’s alternative investments. (Selected in 2010.)

BlackRock Advisors LLC, located in Wilmington, Delaware, manages global multi-class alternative investments for the community foundation. (Selected in 2015.)

Brooke Private Equity Associates, located in Boston, Massachusetts, manages private equities for the community foundation. (Selected in 2015.)

Calamos Investments, located in Naperville, Illinois, manages market neutral alternative investments for the community foundation. (Selected in 2016.)

MAI Capital Management, located in Cleveland, Ohio, manages a portion of the community foundation's alternative investments. (Selected in 2013.)

Townsend Group, located in Cleveland, Ohio, manages private real estate investments for the community foundation. (Selected in 2015.)

Alternative investments are an important part of the community foundation's investment strategy. They behave inversely to traditional equities to protect assets when the market is most volatile.