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Investment Performance
Market summary as of June 30, 2021
Investment Performance
Market summary as of June 30, 2021
The human toll of COVID-19 further mounted during the second quarter of 2021 amid fresh outbreaks of the virus and new variants. The global economy nevertheless continued to rebound sharply if unevenly. Countries that have been more successful in containing the virus—whether through vaccinations, lockdowns, or both—tended to fare the best. With the reopening of economies and pent-up demand boosting corporate profits, global stocks finished the quarter significantly higher. U.S. stocks outperformed other developed markets as a whole as well as emerging markets.
The combination of faster economic growth, a recovery in commodity prices, ongoing fiscal and monetary stimulus, and a low basis of comparison from last year pushed inflation readings higher. Although those forces caused some volatility in longer-term interest rates (even as central bank policy kept short-term rates anchored near zero), they ended the quarter lower in several developed markets. The yield of the bellwether U.S. 10-year Treasury note declined by 0.27 percentage points over the quarter to finish at 1.47%. The broad U.S. investment-grade bond market returned almost 2%, and global bonds returned more than 1% in U.S. dollars (as measured by the Bloomberg Barclays Global Aggregate Bond Index).
| Investment Options | Investment Options | Returns Qtr | 1 year | 5 year | 10 year | Expense Ratio | Drop content | |||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Growth | Growth | 6.34% | 32.43% | 13.32% | 10.75% | 0.03% | GrowthReturns Qtr 6.34% 1 year 32.43% 5 year 13.32% 10 year 10.75% Expense Ratio 0.03% |
Pool Description The Growth portfolio solution is designed for those with a longer-term philanthropic time horizon. This investment option provides greater exposure to equities (stocks) to support those with longer-term philanthropic goals. Philanthropists with an eye on the future may utilize this fund to help grow their giving legacy. Risk/granting time horizon
Goal Seeks to provide capital appreciation and some current income through a target allocation of 80% stocks and 20% bonds. Target Allocation 20.00% Bond 80.00% Stock Management  For more about investment management styles, see our FAQs.Passive | ||||||||||||||||||||||||||||||||||||||||
Moderate Growth | Moderate Growth | 6.00% | 26.57% | 11.90% | 10.08% | 0.11% | Moderate GrowthReturns Qtr 6.00% 1 year 26.57% 5 year 11.90% 10 year 10.08% Expense Ratio 0.11% |
Pool Description The Moderate Growth portfolio solution is designed for those who are willing to take on more risk to meet longer-term goals, while continuing to make current, ongoing grants. This option invests in both passive and actively managed funds. Risk/granting time horizon
Goal Seeks to provide growth of capital and a reasonable level of current income through a target allocation of roughly 60-65% stocks and 35-40% bonds. Target Allocation 40.00% Bond 60.00% Stock Management For more about investment management styles, see our FAQs.Active and Passive | ||||||||||||||||||||||||||||||||||||||||
Conservative Growth | Conservative Growth | 4.25% | 15.21% | 8.38% | - | 0.03% | Conservative GrowthReturns Qtr 4.25% 1 year 15.21% 5 year 8.38% 10 year - Expense Ratio 0.03% |
Pool Description The Conservative Growth portfolio solution is designed for those with current, ongoing grants who are also seeking to invest for future grants in approximately 5-10 years. This investment option is intended to preserve a majority of principal while investing a moderate portion into equities (stocks). Risk/granting time horizon
Goal Seeks to provide current income and low to moderate capital appreciation through a target allocation of 40% stocks and 60% bonds. Target Allocation 60.00% Bond 40.00% Stock Management For more about investment management styles, see our FAQs.Passive | ||||||||||||||||||||||||||||||||||||||||
Income | Income | 3.09% | 7.06% | - | - | 0.03% | IncomeReturns Qtr 3.09% 1 year 7.06% 5 year - 10 year - Expense Ratio 0.03% |
Pool Description The Income portfolio solution is designed for those seeking to maximize their charitable giving in the next 0-5 years, while maintaining or growing their account assets. This lower risk, multi-fund investment option is intended to preserve a majority of principal while investing a small portion of assets into equities (stocks). Risk/granting time horizon
Goal Seeks to provide current income and some capital appreciation through a target allocation of 20% stocks and 80% bonds. Target Allocation 80.00% Bond 20.00% Stock Management For more about investment management styles, see our FAQs.Passive |
| Investment Options | Investment Options | Returns Qtr | 1 year | 5 year | 10 year | Expense Ratio | Drop content | |||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIFF Multi-Asset Pool | TIFF Multi-Asset Pool | 5.78% | 31.01% | 11.25% | 7.73% | 1.61% | TIFF Multi-Asset PoolReturns Qtr 5.78% 1 year 31.01% 5 year 11.25% 10 year 7.73% Expense Ratio 1.61% |
Pool Description Vanguard Charitable is proud to partner with TIFF Investment Management to offer your account exclusive access to the TIFF Multi Asset Fund. This fund gives qualified donors access to a fully diversified portfolio of traditional and alternative strategies. The underlying managers are institutional quality and the Fund is actively managed by TIFF’s investment team. Risk/granting time horizon
Goal Seeks capital appreciation, current income, and long-term growth of income. Benchmark Balanced Composite Index Management For more about investment management styles, see our FAQs.Active | ||||||||||||||||||||||||||||||||||||||||
Balanced Index | Balanced Index | 5.80% | 24.88% | - | - | 0.06% | Balanced IndexReturns Qtr 5.80% 1 year 24.88% 5 year - 10 year - Expense Ratio 0.06% |
Pool Description Balanced Index uses an index sampling and passively managed approach, providing a low-cost option with moderate risk to philanthropists who are balancing short- and long-term giving goals. Risk/granting time horizon
Goal Seeks capital appreciation, current income, and long-term growth of income. Benchmark Balanced Composite Index Management For more about investment management styles, see our FAQs.Passive | ||||||||||||||||||||||||||||||||||||||||
Total International Stock | Total International Stock | 5.58% | 36.57% | 11.13% | 5.72% | 0.07% | Total International StockReturns Qtr 5.58% 1 year 36.57% 5 year 11.13% 10 year 5.72% Expense Ratio 0.07% |
Pool Description Total International Stock provides greater diversification of equities, which increases both risk and potential return. Donors with long-term or open-ended philanthropic views may utilize this fund to work toward future giving and legacy goals. Risk/granting time horizon
Goal Seeks to provide broad exposure across developed and emerging non-U.S. equity markets. Benchmark Spliced Total International Stock Index Management For more about investment management styles, see our FAQs.Passive | ||||||||||||||||||||||||||||||||||||||||
Total U.S. Stock | Total U.S. Stock | 8.32% | 44.34% | 17.91% | 14.71% | 0.02% | Total U.S. StockReturns Qtr 8.32% 1 year 44.34% 5 year 17.91% 10 year 14.71% Expense Ratio 0.02% |
Pool Description Total U.S. Stock is a broadly diversified equity portfolio and aligns with long-term giving goals. For donors looking to grow their charitable assets over time to plan for a large gift or personal legacy, this fund provides that opportunity through equity investments. Risk/granting time horizon
Goal Seeks to provide exposure to large-, mid- and small-cap equities diversified across growth and value styles. Benchmark Spliced Total Stock Market Index Management For more about investment management styles, see our FAQs.Passive | ||||||||||||||||||||||||||||||||||||||||
Total Equity | Total Equity | 7.45% | 42.62% | 15.95% | 12.14% | 0.04% | Total EquityReturns Qtr 7.45% 1 year 42.62% 5 year 15.95% 10 year 12.14% Expense Ratio 0.04% |
Pool Description Total Equity, a multi-fund investment option, provides broad diversification and offers exposure to market performance of both U.S. and non-U.S. equities. For donors seeking to design their own target asset allocation, or those with a higher risk threshold and long-term granting plans, this low-cost option may be appealing. Risk/granting time horizon
Goal Seeks to provide growth of capital through a 100% allocation to U.S. and international stocks. Benchmark Composite benchmark return: 55% S&P 500 Index, 15% S&P Completion Index, and 30% Spliced Total International Stock Market Index. Management For more about investment management styles, see our FAQs.Passive | ||||||||||||||||||||||||||||||||||||||||
Total Bond | Total Bond | 2.00% | -0.42% | 3.01% | 3.37% | 0.03% | Total BondReturns Qtr 2.00% 1 year -0.42% 5 year 3.01% 10 year 3.37% Expense Ratio 0.03% |
Pool Description Total Bond may be utilized by donors who are not planning a significant amount of immediate granting, but who are working toward giving goals approximately 2-10 years in the future. Risk/granting time horizon
Goal Seeks to provide broad exposure to the investment-grade U.S. bond market. Benchmark Spliced Bloomberg Barclays U.S. Aggregate Float Adjusted Index Management For more about investment management styles, see our FAQs.Passive | ||||||||||||||||||||||||||||||||||||||||
Total International Bond | Total International Bond | 0.33% | 0.06% | - | - | 0.07% | Total International BondReturns Qtr 0.33% 1 year 0.06% 5 year - 10 year - Expense Ratio 0.07% |
Pool Description Total International Bond is designed to provide broad exposure to non-U.S. investment-grade bonds. This option offers diversification and can help reduce volatility of investment returns due to their low correlation to U.S. bonds. It can be aligned with both short-term and long-term goals. Risk/granting time horizon
Goal Seeks to provide a diversified portfolio of U.S. dollar hedged, high-quality international bonds. Benchmark Bloomberg Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged) Management For more about investment management styles, see our FAQs.Passive | ||||||||||||||||||||||||||||||||||||||||
Money Market | Money Market | 0.05% | 0.02% | 1.06% | 0.59% | 0.11% | Money MarketReturns Qtr 0.05% 1 year 0.02% 5 year 1.06% 10 year 0.59% Expense Ratio 0.11% |
Pool Description The Money Market investment option can be utilized to maintain an account balance in preparation for immediate giving needs. While donors may grant from Money Market, it is not necessary to make grants solely from this investment option. Risk/granting time horizon
Goal Seeks to provide income while maintaining liquidity and a stable share price. Invests primarily in U.S. government agency obligations. Benchmark U.S. Government Money Market Funds Average Management For more about investment management styles, see our FAQs.Active | ||||||||||||||||||||||||||||||||||||||||
Wellington | Wellington | 6.28% | 26.10% | - | - | 0.16% | WellingtonReturns Qtr 6.28% 1 year 26.10% 5 year - 10 year - Expense Ratio 0.16% |
Pool Description The Vanguard Wellington™ Fund, founded in 1929, is the nation's oldest balanced mutual fund. Investment in Wellington, a low-cost, actively managed option, provides broad diversification across all economic sectors that can serve as a core portion of a donor's overall investment strategy for long-term philanthropy. Risk/granting time horizon
Goal Seeks long-term capital appreciation and reasonable current income, with moderate risk. Benchmark Wellington Composite Index Management For more about investment management styles, see our FAQs.Active | ||||||||||||||||||||||||||||||||||||||||
European Stock | European Stock | 7.79% | 36.81% | 10.84% | - | 0.08% | European StockReturns Qtr 7.79% 1 year 36.81% 5 year 10.84% 10 year - Expense Ratio 0.08% |
Pool Description For donors with a long-term granting time horizon, an investment in European Stock provides a portfolio with a larger allocation of stocks in this region and introduces a higher level of risk inherent in international stock investments. Risk/granting time horizon
Goal Targets European common stocks and is diversified across developed markets. Benchmark Spliced European Stock Index Management For more about investment management styles, see our FAQs.Passive | ||||||||||||||||||||||||||||||||||||||||
Pacific Stock | Pacific Stock | 1.70% | 31.84% | 10.90% | - | 0.08% | Pacific StockReturns Qtr 1.70% 1 year 31.84% 5 year 10.90% 10 year - Expense Ratio 0.08% |
Pool Description For donors with a long-term granting time horizon, an investment in Pacific Stock provides a portfolio with a larger allocation of stocks in this region and introduces a higher level of risk inherent in international stock investments. Risk/granting time horizon
Goal Targets Pacific-region common stocks. Benchmark Spliced Pacific Stock Index Management For more about investment management styles, see our FAQs.Passive | ||||||||||||||||||||||||||||||||||||||||
Emerging Markets | Emerging Markets | 5.18% | 38.64% | 11.92% | - | 0.10% | Emerging MarketsReturns Qtr 5.18% 1 year 38.64% 5 year 11.92% 10 year - Expense Ratio 0.10% |
Pool Description For donors with a long-term granting time horizon, an investment in Emerging Markets provides a portfolio with a larger allocation of stocks in this region and introduces a higher level of risk inherent in international stock investments. Risk/granting time horizon
Goal Targets emerging markets common stocks. Benchmark Spliced Emerging Markets Index Management For more about investment management styles, see our FAQs.Passive | ||||||||||||||||||||||||||||||||||||||||
Short-Term Bond | Short-Term Bond | 0.67% | 2.11% | 2.79% | 2.60% | 0.07% | Short-Term BondReturns Qtr 0.67% 1 year 2.11% 5 year 2.79% 10 year 2.60% Expense Ratio 0.07% |
Pool Description Donors with ongoing granting plans or current charitable goals may consider utilizing Short-Term Bond. This fund may be used as part of a diversified portfolio aligned to immediate and short-term giving goals. Risk/granting time horizon
Goal Seeks current income with limited price volatility and provides exposure to short-term, investment-grade fixed income securities. Benchmark Bloomberg Barclays U.S. 1-5 Year Credit Index Management For more about investment management styles, see our FAQs.Passive |
| Investment Options | Investment Options | Returns Qtr | 1 year | 5 year | 10 year | Expense Ratio | Drop content | |||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESG U.S. Stock | ESG U.S. Stock | 8.66% | 43.33% | - | - | 0.12% | ESG U.S. StockReturns Qtr 8.66% 1 year 43.33% 5 year - 10 year - Expense Ratio 0.12% |
Pool Description ESG U.S. Stock allows donors to align charitable investments with personal values. Companies are screened for certain ESG criteria, and the fund specifically excludes stocks of companies in industries, such as alcohol, tobacco, weapons, adult entertainment, gambling and nuclear power, as well as companies that own fossil fuels reserves. The index fund also excludes stocks of certain companies that the index provider determines do not meet standards of U.N. global compact principles and companies that do not meet certain diversity criteria. Donors looking to grow their portfolios over time with equity investments may wish to utilize this option solely or as part of a diversified portfolio to achieve a range of giving goals. Risk/granting time horizon
Goal Seeks to track the performance of a benchmark index that measures the investment return of large-, mid-, and small-capitalization stocks of U.S. companies, while adhering to certain environmental, social, and corporate governance criteria. Benchmark FTSE U.S. All Cap Choice Index Management For more about investment management styles, see our FAQs.Passive | ||||||||||||||||||||||||||||||||
ESG International Stock | ESG International Stock | 5.32% | 36.10% | - | - | 0.15% | ESG International StockReturns Qtr 5.32% 1 year 36.10% 5 year - 10 year - Expense Ratio 0.15% |
Pool Description ESG International Stock allows donors to align charitable investments with personal values. Companies are screened for certain ESG criteria, and the fund specifically excludes stocks of companies in industries, such as alcohol, tobacco, weapons, adult entertainment, gambling and nuclear power, as well as companies that own fossil fuels reserves. The index fund also excludes stocks of certain companies that the index provider determines do not meet standards of U.N. global compact principles and companies that do not meet certain diversity criteria. Donors looking to grow their portfolios over time with equity investments may wish to utilize this option solely or as part of a diversified portfolio to achieve a range of giving goals. Risk/granting time horizon
Goal Seeks to track the performance of a benchmark index that measures the investment return of large-, mid-, and small-capitalization companies located in developed and emerging markets outside of the United States, while adhering to certain environmental, social, and corporate governance criteria. Benchmark FTSE Global All Cap ex U.S. Choice Index Management For more about investment management styles, see our FAQs.Passive | ||||||||||||||||||||||||||||||||
ESG Global Stock | ESG Global Stock | 7.72% | 41.33% | - | - | 0.13% | ESG Global StockReturns Qtr 7.72% 1 year 41.33% 5 year - 10 year - Expense Ratio 0.13% |
Pool Description ESG Global Stock, a proprietary blend of ESG U.S. Stock and ESG International Stock, provides a broad diversification of equities, including a global investment allocation, in a passively managed index fund that is professionally rebalanced daily to maintain target allocation. For donors with a higher risk threshold and long-term granting plans, this low-cost and professionally-rebalanced values-driven fund may be an option. Risk/granting time horizon
Goal Provides exposure to U.S. and International stocks screened for certain environmental, social, and corporate governance criteria through a targeted, professionally rebalanced allocation of 70% U.S. and 30% International equity. Benchmark 70% FTSE U.S. All Cap Choice Index 30% FTSE Global All Cap ex U.S. Choice Index Management For more about investment management styles, see our FAQs.Passive |
| Investment Options | Investment Options | Returns Qtr | 1 year | 5 year | 10 year | Expense Ratio | Drop content | |||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIFF Multi-Asset Pool | TIFF Multi-Asset Pool | 5.78% | 31.01% | 11.25% | 7.73% | 1.61% | TIFF Multi-Asset PoolReturns Qtr 5.78% 1 year 31.01% 5 year 11.25% 10 year 7.73% Expense Ratio 1.61% |
Pool Description Vanguard Charitable is proud to partner with TIFF Investment Management to offer your account exclusive access to the TIFF Multi Asset Fund. This fund gives qualified donors access to a fully diversified portfolio of traditional and alternative strategies. The underlying managers are institutional quality and the Fund is actively managed by TIFF’s investment team. Risk/granting time horizon
Goal Seeks capital appreciation, current income, and long-term growth of income. Benchmark Balanced Composite Index Management For more about investment management styles, see our FAQs.Active | ||||||||||||||||||||||||||||||||||||||||
Balanced Index | Balanced Index | 5.80% | 24.88% | - | - | 0.06% | Balanced IndexReturns Qtr 5.80% 1 year 24.88% 5 year - 10 year - Expense Ratio 0.06% |
Pool Description Balanced Index uses an index sampling and passively managed approach, providing a low-cost option with moderate risk to philanthropists who are balancing short- and long-term giving goals. Risk/granting time horizon
Goal Seeks capital appreciation, current income, and long-term growth of income. Benchmark Balanced Composite Index Management For more about investment management styles, see our FAQs.Passive | ||||||||||||||||||||||||||||||||||||||||
Total International Stock | Total International Stock | 5.58% | 36.57% | 11.13% | 5.72% | 0.07% | Total International StockReturns Qtr 5.58% 1 year 36.57% 5 year 11.13% 10 year 5.72% Expense Ratio 0.07% |
Pool Description Total International Stock provides greater diversification of equities, which increases both risk and potential return. Donors with long-term or open-ended philanthropic views may utilize this fund to work toward future giving and legacy goals. Risk/granting time horizon
Goal Seeks to provide broad exposure across developed and emerging non-U.S. equity markets. Benchmark Spliced Total International Stock Index Management For more about investment management styles, see our FAQs.Passive | ||||||||||||||||||||||||||||||||||||||||
Total U.S. Stock | Total U.S. Stock | 8.32% | 44.34% | 17.91% | 14.71% | 0.02% | Total U.S. StockReturns Qtr 8.32% 1 year 44.34% 5 year 17.91% 10 year 14.71% Expense Ratio 0.02% |
Pool Description Total U.S. Stock is a broadly diversified equity portfolio and aligns with long-term giving goals. For donors looking to grow their charitable assets over time to plan for a large gift or personal legacy, this fund provides that opportunity through equity investments. Risk/granting time horizon
Goal Seeks to provide exposure to large-, mid- and small-cap equities diversified across growth and value styles. Benchmark Spliced Total Stock Market Index Management For more about investment management styles, see our FAQs.Passive | ||||||||||||||||||||||||||||||||||||||||
Total Equity | Total Equity | 7.45% | 42.62% | 15.95% | 12.14% | 0.04% | Total EquityReturns Qtr 7.45% 1 year 42.62% 5 year 15.95% 10 year 12.14% Expense Ratio 0.04% |
Pool Description Total Equity, a multi-fund investment option, provides broad diversification and offers exposure to market performance of both U.S. and non-U.S. equities. For donors seeking to design their own target asset allocation, or those with a higher risk threshold and long-term granting plans, this low-cost option may be appealing. Risk/granting time horizon
Goal Seeks to provide growth of capital through a 100% allocation to U.S. and international stocks. Benchmark Composite benchmark return: 55% S&P 500 Index, 15% S&P Completion Index, and 30% Spliced Total International Stock Market Index. Management For more about investment management styles, see our FAQs.Passive | ||||||||||||||||||||||||||||||||||||||||
Total Bond | Total Bond | 2.00% | -0.42% | 3.01% | 3.37% | 0.03% | Total BondReturns Qtr 2.00% 1 year -0.42% 5 year 3.01% 10 year 3.37% Expense Ratio 0.03% |
Pool Description Total Bond may be utilized by donors who are not planning a significant amount of immediate granting, but who are working toward giving goals approximately 2-10 years in the future. Risk/granting time horizon
Goal Seeks to provide broad exposure to the investment-grade U.S. bond market. Benchmark Spliced Bloomberg Barclays U.S. Aggregate Float Adjusted Index Management For more about investment management styles, see our FAQs.Passive | ||||||||||||||||||||||||||||||||||||||||
Total International Bond | Total International Bond | 0.33% | 0.06% | - | - | 0.07% | Total International BondReturns Qtr 0.33% 1 year 0.06% 5 year - 10 year - Expense Ratio 0.07% |
Pool Description Total International Bond is designed to provide broad exposure to non-U.S. investment-grade bonds. This option offers diversification and can help reduce volatility of investment returns due to their low correlation to U.S. bonds. It can be aligned with both short-term and long-term goals. Risk/granting time horizon
Goal Seeks to provide a diversified portfolio of U.S. dollar hedged, high-quality international bonds. Benchmark Bloomberg Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged) Management For more about investment management styles, see our FAQs.Passive | ||||||||||||||||||||||||||||||||||||||||
Growth | Growth | 6.34% | 32.43% | 13.32% | 10.75% | 0.03% | GrowthReturns Qtr 6.34% 1 year 32.43% 5 year 13.32% 10 year 10.75% Expense Ratio 0.03% |
Pool Description The Growth portfolio solution is designed for those with a longer-term philanthropic time horizon. This investment option provides greater exposure to equities (stocks) to support those with longer-term philanthropic goals. Philanthropists with an eye on the future may utilize this fund to help grow their giving legacy. Risk/granting time horizon
Goal Seeks to provide capital appreciation and some current income through a target allocation of 80% stocks and 20% bonds. Target Allocation 20.00% Bond 80.00% Stock Management For more about investment management styles, see our FAQs.Passive | ||||||||||||||||||||||||||||||||||||||||
Moderate Growth | Moderate Growth | 6.00% | 26.57% | 11.90% | 10.08% | 0.11% | Moderate GrowthReturns Qtr 6.00% 1 year 26.57% 5 year 11.90% 10 year 10.08% Expense Ratio 0.11% |
Pool Description The Moderate Growth portfolio solution is designed for those who are willing to take on more risk to meet longer-term goals, while continuing to make current, ongoing grants. This option invests in both passive and actively managed funds. Risk/granting time horizon
Goal Seeks to provide growth of capital and a reasonable level of current income through a target allocation of roughly 60-65% stocks and 35-40% bonds. Target Allocation 40.00% Bond 60.00% Stock Management For more about investment management styles, see our FAQs.Active and Passive | ||||||||||||||||||||||||||||||||||||||||
Conservative Growth | Conservative Growth | 4.25% | 15.21% | 8.38% | - | 0.03% | Conservative GrowthReturns Qtr 4.25% 1 year 15.21% 5 year 8.38% 10 year - Expense Ratio 0.03% |
Pool Description The Conservative Growth portfolio solution is designed for those with current, ongoing grants who are also seeking to invest for future grants in approximately 5-10 years. This investment option is intended to preserve a majority of principal while investing a moderate portion into equities (stocks). Risk/granting time horizon
Goal Seeks to provide current income and low to moderate capital appreciation through a target allocation of 40% stocks and 60% bonds. Target Allocation 60.00% Bond 40.00% Stock Management For more about investment management styles, see our FAQs.Passive | ||||||||||||||||||||||||||||||||||||||||
Income | Income | 3.09% | 7.06% | - | - | 0.03% | IncomeReturns Qtr 3.09% 1 year 7.06% 5 year - 10 year - Expense Ratio 0.03% |
Pool Description The Income portfolio solution is designed for those seeking to maximize their charitable giving in the next 0-5 years, while maintaining or growing their account assets. This lower risk, multi-fund investment option is intended to preserve a majority of principal while investing a small portion of assets into equities (stocks). Risk/granting time horizon
Goal Seeks to provide current income and some capital appreciation through a target allocation of 20% stocks and 80% bonds. Target Allocation 80.00% Bond 20.00% Stock Management For more about investment management styles, see our FAQs.Passive | ||||||||||||||||||||||||||||||||||||||||
Money Market | Money Market | 0.05% | 0.02% | 1.06% | 0.59% | 0.11% | Money MarketReturns Qtr 0.05% 1 year 0.02% 5 year 1.06% 10 year 0.59% Expense Ratio 0.11% |
Pool Description The Money Market investment option can be utilized to maintain an account balance in preparation for immediate giving needs. While donors may grant from Money Market, it is not necessary to make grants solely from this investment option. Risk/granting time horizon
Goal Seeks to provide income while maintaining liquidity and a stable share price. Invests primarily in U.S. government agency obligations. Benchmark U.S. Government Money Market Funds Average Management For more about investment management styles, see our FAQs.Active | ||||||||||||||||||||||||||||||||||||||||
Wellington | Wellington | 6.28% | 26.10% | - | - | 0.16% | WellingtonReturns Qtr 6.28% 1 year 26.10% 5 year - 10 year - Expense Ratio 0.16% |
Pool Description The Vanguard Wellington™ Fund, founded in 1929, is the nation's oldest balanced mutual fund. Investment in Wellington, a low-cost, actively managed option, provides broad diversification across all economic sectors that can serve as a core portion of a donor's overall investment strategy for long-term philanthropy. Risk/granting time horizon
Goal Seeks long-term capital appreciation and reasonable current income, with moderate risk. Benchmark Wellington Composite Index Management For more about investment management styles, see our FAQs.Active | ||||||||||||||||||||||||||||||||||||||||
European Stock | European Stock | 7.79% | 36.81% | 10.84% | - | 0.08% | European StockReturns Qtr 7.79% 1 year 36.81% 5 year 10.84% 10 year - Expense Ratio 0.08% |
Pool Description For donors with a long-term granting time horizon, an investment in European Stock provides a portfolio with a larger allocation of stocks in this region and introduces a higher level of risk inherent in international stock investments. Risk/granting time horizon
Goal Targets European common stocks and is diversified across developed markets. Benchmark Spliced European Stock Index Management For more about investment management styles, see our FAQs.Passive | ||||||||||||||||||||||||||||||||||||||||
Pacific Stock | Pacific Stock | 1.70% | 31.84% | 10.90% | - | 0.08% | Pacific StockReturns Qtr 1.70% 1 year 31.84% 5 year 10.90% 10 year - Expense Ratio 0.08% |
Pool Description For donors with a long-term granting time horizon, an investment in Pacific Stock provides a portfolio with a larger allocation of stocks in this region and introduces a higher level of risk inherent in international stock investments. Risk/granting time horizon
Goal Targets Pacific-region common stocks. Benchmark Spliced Pacific Stock Index Management For more about investment management styles, see our FAQs.Passive | ||||||||||||||||||||||||||||||||||||||||
Emerging Markets | Emerging Markets | 5.18% | 38.64% | 11.92% | - | 0.10% | Emerging MarketsReturns Qtr 5.18% 1 year 38.64% 5 year 11.92% 10 year - Expense Ratio 0.10% |
Pool Description For donors with a long-term granting time horizon, an investment in Emerging Markets provides a portfolio with a larger allocation of stocks in this region and introduces a higher level of risk inherent in international stock investments. Risk/granting time horizon
Goal Targets emerging markets common stocks. Benchmark Spliced Emerging Markets Index Management For more about investment management styles, see our FAQs.Passive | ||||||||||||||||||||||||||||||||||||||||
ESG U.S. Stock | ESG U.S. Stock | 8.66% | 43.33% | - | - | 0.12% | ESG U.S. StockReturns Qtr 8.66% 1 year 43.33% 5 year - 10 year - Expense Ratio 0.12% |
Pool Description ESG U.S. Stock allows donors to align charitable investments with personal values. Companies are screened for certain ESG criteria, and the fund specifically excludes stocks of companies in industries, such as alcohol, tobacco, weapons, adult entertainment, gambling and nuclear power, as well as companies that own fossil fuels reserves. The index fund also excludes stocks of certain companies that the index provider determines do not meet standards of U.N. global compact principles and companies that do not meet certain diversity criteria. Donors looking to grow their portfolios over time with equity investments may wish to utilize this option solely or as part of a diversified portfolio to achieve a range of giving goals. Risk/granting time horizon
Goal Seeks to track the performance of a benchmark index that measures the investment return of large-, mid-, and small-capitalization stocks of U.S. companies, while adhering to certain environmental, social, and corporate governance criteria. Benchmark FTSE U.S. All Cap Choice Index Management For more about investment management styles, see our FAQs.Passive | ||||||||||||||||||||||||||||||||||||||||
ESG International Stock | ESG International Stock | 5.32% | 36.10% | - | - | 0.15% | ESG International StockReturns Qtr 5.32% 1 year 36.10% 5 year - 10 year - Expense Ratio 0.15% |
Pool Description ESG International Stock allows donors to align charitable investments with personal values. Companies are screened for certain ESG criteria, and the fund specifically excludes stocks of companies in industries, such as alcohol, tobacco, weapons, adult entertainment, gambling and nuclear power, as well as companies that own fossil fuels reserves. The index fund also excludes stocks of certain companies that the index provider determines do not meet standards of U.N. global compact principles and companies that do not meet certain diversity criteria. Donors looking to grow their portfolios over time with equity investments may wish to utilize this option solely or as part of a diversified portfolio to achieve a range of giving goals. Risk/granting time horizon
Goal Seeks to track the performance of a benchmark index that measures the investment return of large-, mid-, and small-capitalization companies located in developed and emerging markets outside of the United States, while adhering to certain environmental, social, and corporate governance criteria. Benchmark FTSE Global All Cap ex U.S. Choice Index Management For more about investment management styles, see our FAQs.Passive | ||||||||||||||||||||||||||||||||||||||||
ESG Global Stock | ESG Global Stock | 7.72% | 41.33% | - | - | 0.13% | ESG Global StockReturns Qtr 7.72% 1 year 41.33% 5 year - 10 year - Expense Ratio 0.13% |
Pool Description ESG Global Stock, a proprietary blend of ESG U.S. Stock and ESG International Stock, provides a broad diversification of equities, including a global investment allocation, in a passively managed index fund that is professionally rebalanced daily to maintain target allocation. For donors with a higher risk threshold and long-term granting plans, this low-cost and professionally-rebalanced values-driven fund may be an option. Risk/granting time horizon
Goal Provides exposure to U.S. and International stocks screened for certain environmental, social, and corporate governance criteria through a targeted, professionally rebalanced allocation of 70% U.S. and 30% International equity. Benchmark 70% FTSE U.S. All Cap Choice Index 30% FTSE Global All Cap ex U.S. Choice Index Management For more about investment management styles, see our FAQs.Passive | ||||||||||||||||||||||||||||||||||||||||
Short-Term Bond | Short-Term Bond | 0.67% | 2.11% | 2.79% | 2.60% | 0.07% | Short-Term BondReturns Qtr 0.67% 1 year 2.11% 5 year 2.79% 10 year 2.60% Expense Ratio 0.07% |
Pool Description Donors with ongoing granting plans or current charitable goals may consider utilizing Short-Term Bond. This fund may be used as part of a diversified portfolio aligned to immediate and short-term giving goals. Risk/granting time horizon
Goal Seeks current income with limited price volatility and provides exposure to short-term, investment-grade fixed income securities. Benchmark Bloomberg Barclays U.S. 1-5 Year Credit Index Management For more about investment management styles, see our FAQs.Passive |
U.S. bond market
- The broad bond market returned 1.96% for the quarter, as measured by the Bloomberg Barclays U.S. Aggregate Float Adjusted Index. In general, lower-quality bonds and bonds with longer maturities fared the best. Within the corporate sector, bonds of utilities (+4.22%) outperformed those of industrials (+3.90%) and financials (+2.66%).
- The Federal Reserve kept its short-term interest rate target at 0%–0.25%. The yield of the bellwether 10-year Treasury note finished the quarter at 1.47%, down from 1.74% three months earlier.
- For the 12 months, the broad U.S. bond market returned –0.33%.
U.S. stock market
- For the quarter, the broad-market Russell 3000 Index returned 6.35%. With an improved economic outlook and continued accommodative Federal Reserve policies, equity investors took on more risk.
- Small-capitalization stocks outpaced large-caps, and value stocks widely outpaced growth stocks, though growth’s record remains stronger over the last decade-plus.
- The improved outlook also led investors to shift out of technology stocks and into more economically sensitive sectors, such as energy and financials.
- For the 12 months ended March 31, the Russell 3000 Index returned 62.53%, led by energy, consumer discretionary, and basic materials stocks.
Money Market
- Money market yields remained near zero during the quarter. The average weighted maturity of the Vanguard Federal Money Market Fund on June 30 was 39 days. The fund maintained its high-quality portfolio and continued to benefit from broad diversification and low fees.
International stock market
- Developed non-U.S. and emerging markets performed about the same for the quarter, each returning nearly 6%. Within developed markets, Europe outpaced the Pacific region.
- For the 12 months, stocks outside the United States returned 37.20%, as measured by the FTSE Global All Cap ex U.S. Index. Energy, technology, and basic materials were among the top-performing sectors.
