Investments

Grow your fund, make an impact

Select from a variety of options to invest your fund balance for growth – from NCF’s own investment pools to separately managed accounts with your advisor.

Faith-Driven Pools

Managers of these pools intentionally select investments that complement our faith-based values and actively avoid investments that are antithetical to these values.

Learn about our Faith-Driven Pools values

Traditional Pools

These pools range from stable value with no risk of fluctuation in principal value to very high risk with substantial exposure to market fluctuations.

Managers of these pools intentionally select investments that complement our faith-based values and actively avoid investments that are antithetical to these values.

Learn about our Faith-Driven Pools values

Short-term granting horizon
Long-term granting horizon

Fixed Income

Short-duration, investment-grade, fixed-income investments

Faith-Driven returns (PDF)

Overview

Risk profile: Low risk

Grantmaking: For givers who plan to grant out their fund balance within 1-2 years

Expense ratio: 0.60%

Target allocation

  • 90% Fixed Income
  • 10% Cash

Current performance

Inception Date October 5, 2022

YTD (%)
1 YR (%)
3 YR (%)
5 YR (%)
Returns net of investment fees
4.5
4.5
N/A
N/A
Benchmark
4.4
4.4
N/A
N/A

Investments

Fixed income

  • Invesco Intermediate Term Gov’t and Credit

Cash

  • Cash and Short-Term Instruments

Conservative

70% fixed income, 30% global equities – Moderate-risk, modest allocation to equities, intended for 5+ year holding periods

Faith-Driven returns (PDF)

Overview

Risk profile: Low to Moderate Risk

Grantmaking: For givers who plan to grant their fund balance within 2-3 years.

Expense ratio: 0.64%

Target allocation

  • 62% Fixed Income
  • 9.7% Domestic equities
  • 16% Global equities
  • 2.3% International equities
  • 10% Cash

Current performance

Inception Date October 5, 2022

YTD (%)
1 YR (%)
3 YR (%)
5 YR (%)
Returns net of investment fees
8.8
8.8
N/A
N/A
Benchmark
10.0
10.0
N/A
N/A

Investments

Fixed income

  • Invesco Intermediate Term Gov’t and Credit

Domestic equities

  • Crossmark Large Cap
  • Eventide Mid-Cap

International equities

  • Crossmark International

Global equities

  • First Trust Global Equity

Cash

  • Cash and Short-Term Instruments

Balanced

50% fixed income, 50% global equities – Higher-risk, elevated allocation to equities, intended for 7+ year holding periods

Faith-Driven returns (PDF)

Overview

Risk profile: Moderate risk

Grantmaking: For givers who plan to grant their fund balance within 3-4 years

Expense ratio: 0.64%

Target allocation

  • 45% Fixed income
  • 16% Domestic equities
  • 4% International equities
  • 25% Global equities
  • 10% Cash

Current performance

Inception Date October 5, 2022

YTD (%)
1 YR (%)
3 YR (%)
5 YR (%)
Returns net of investment fees
10.0
10.0
N/A
N/A
Benchmark
12.9
12.9
N/A
N/A

Investments

Fixed income
Invesco Intermediate Term Gov’t and Credit

Domestic equities
Crossmark Large Cap
Eventide Mid-Cap

International equities
Crossmark International

Global equities
First Trust Global Equity

Cash
Cash and Short-Term Instruments

Domestic Equity

100% domestic equities – Highest-risk, aggressive equity allocation for 7+ year holding periods

Faith-Driven returns (PDF)

Overview

Risk profile: Above-average risk

Grantmaking: For givers who expect to make grants over an extended time horizon

Expense ratio: 0.73%

Target allocation

  • 90% Domestic equities
  • 10% Cash

Current performance

Inception Date October 5, 2022

YTD (%)
1 YR (%)
3 YR (%)
5 YR (%)
Returns net of investment fees
18.9
18.9
N/A
N/A
Benchmark
23.3
23.3
N/A
N/A

Investments

Domestic equities
Crossmark Large Cap
Eventide Mid-Cap
First Trust Domestic Equity

Cash
Cash and Short-Term Instruments

Global Equity

100% domestic and international equities – Highest-risk, aggressive equity allocation for 7+ year holding periods

Faith-Driven returns (PDF)

Overview

Risk profile: Above-average risk

Grantmaking: For givers who expect to make grants over an extended time horizon

Expense ratio: 0.71%

Target allocation

  • 30% Domestic equities
  • 8% International equities
  • 52% Global
  • 10% Cash

Current performance

Inception Date October 5, 2022

YTD (%)
1 YR (%)
3 YR (%)
5 YR (%)
Returns net of investment fees
17.0
17.0
N/A
N/A
Benchmark
21.7
21.7
N/A
N/A

Investments

Domestic equities

  • Crossmark Large Cap
  • Eventide Mid-Cap

International equities

  • Crossmark International

Global equities

  • First Trust Global Equities

Cash

  • Cash and Short-Term Instruments

These pools range from stable value with no risk of fluctuation in principal value to very high risk with substantial exposure to market fluctuations.

Short-term granting horizon
Long-term granting horizon

Cash Reserve

Seeks preservation of capital by maintaining a stable $1 net asset value. Pays a stated rate of interest to pool participants. The stated rate adjusts on a monthly basis.

Traditional returns (PDF)

Overview

Risk profile: Very low risk

Grantmaking: For givers who plan to grant out their full fund balance on an ongoing basis
Stated rate earns 1.86% interest

Fixed Income

Short-duration, investment-grade, fixed-income investments

Traditional returns (PDF)

Overview

Risk profile: Low risk

Grantmaking: For givers who plan to grant out their fund balance within 1-2 years

Expense ratio: 1.20%

Target allocation

  • 80% Fixed income
  • 10% Opportunistic
  • 10% Cash

Current performance

YTD (%)
1 YR (%)
3 YR (%)
5 YR (%)
Returns net of investment fees
4.6
4.6
-0.5
1.7
Benchmark
6.0
6.0
-1.5
1.5

Investments

Fixed income

  • State Street U.S. Aggregate Bond Index Non-Lending Common Trust Fund
  • State Street U.S. Short-Term Government/Credit Bond Index Non-Lending Common Trust Fund
  • State Street U.S. Government Bond Index Non-Lending Common Trust Fund
  • Payden Limited Maturity Fund – PYLMX
  • Lord Abbett Short Duration Income Fund Class F3 – LOLDX
  • Palmer Square Income Plus Fund LLC
  • FIAM Tactical Bond Fund, LP
  • Harbor Core Bond Fund

Opportunistic

  • PIMCO All Asset Fund – PAAIX
  • State Street U.S. Treasury Inflation Protected Securities (TIPS) Index Non-Lending Common Trust Fund

Cash

  • Federated Government Obligations Fund – GOIXX

Moderate Income

20% equity – Lower-risk, minimal allocation to equities, intended for 1- 2 year holding periods

Traditional returns (PDF)

Overview

Risk profile: Modest risk

Grantmaking: For givers who plan to grant out their fund balance within 1-2 years

Expense ratio: 1.23%

Target allocation

  • 20% Global equities
  • 57.5% Fixed income
  • 12.5% Opportunistic
  • 10% Cash

Current performance

YTD (%)
1 YR (%)
3 YR (%)
5 YR (%)
Returns net of investment fees
7.0
7.0
1.1
4.3
Benchmark
7.5
7.5
-0.1
3.9

Investments

Global Equities

  • State Street S&P 500® Index Non-Lending Common Trust Fund
  • SSGA FTSE RAFI US 1000 Index
  • Champlain Mid Cap Core Fund – CIPIX
  • MFS Institutional International Equity Fund – MIEIX
  • Vanguard Total International Stock Index Fund – VTSNX
  • FIAM Select Emerging Markets Equity LP
  • State Street MSCI Emerging Markets Index Non-Lending Common Trust Fund

Fixed income

  • State Street U.S. Aggregate Bond Index Non-Lending Common Trust Fund
  • State Street U.S. Short-Term Government/Credit Bond Index Non-Lending Common Trust Fund
  • Payden Limited Maturity Fund – PYLMX
  • Lord Abbett Short Duration Income Fund Class F3 – LOLDX
  • Palmer Square Income Plus Fund LLC
  • FIAM Tactical Bond Fund, LP
  • Harbor Core Bond Fund

Opportunistic

  • Hatteras Core Alternative TEI Institutional LP
  • Creation Investments Social Ventures Fund I
  • SSGA Real Asset NL CTF
  • State Street U.S. Treasury Inflation Protected Securities (TIPS) Index Non-Lending Common Trust Fund
  • PIMCO All Asset Fund – PAAIX

Cash

  • Federated Government Obligations Fund – GOIXX

Balanced Income

35% equity – Moderate-risk, modest allocation to equities, intended for 2-3 year holding periods

Traditional returns (PDF)

Overview

Risk profile: Medium risk

Grantmaking: For givers who plan to grant out their fund balance within 2-3 years

Expense ratio: 1.28%

Target allocation

  • 35% Global equities
  • 45% Fixed income
  • 10% Opportunistic
  • 10% Cash

Current performance

YTD (%)
1 YR (%)
3 YR (%)
5 YR (%)
Returns net of investment fees
7.9
7.9
1.1
5.2
Benchmark
11.9
11.9
1.7
5.5

Investments

Global equities

  • GQG Partners Global Equity Fund
  • PGIM Jennison Global Opportunity Fund
  • BNY Mellon Global Stock Fund – Class Y – DGLYX
  • State Street S&P 500 Index Non-Lending Common Trust Fund
  • SSGA FTSE RAFI US 1000 Index
  • Champlain Mid Cap Core Fund – CIPIX
  • Vanguard Total International Stock Index Fund – VTSNX
  • FIAM Select Emerging Markets Equity LP
  • SSGA MSCI EAFE 100% Hedged
  • MFS Inst International Equity Fund

Fixed income

  • State Street U.S. Aggregate Bond Index Non-Lending Common Trust Fund
  • Payden Limited Maturity Fund – PYLMX
  • Lord Abbett Short Duration Income Fund Class F3 – LOLDX
  • Palmer Square Income Plus Fund LLC
  • FIAM Tactical Bond Fund, LP
  • Harbor Core Bond Fund

Opportunistic

  • PIMCO All Asset Fund – PAAIX
  • Hatteras Core Alternative TEI Institutional LP
  • Creation Investments Social Ventures Fund I
  • SSGA Real Asset NL CTF
  • State Street U.S. Treasury Inflation Protected Securities (TIPS) Index Non-Lending Common Trust Fund
  • Vanguard Real Estate Index Fund – VGSNX

Cash

  • Federated Government Obligations Fund – GOIXX

 

 

Balanced Growth

50% equity – Higher-risk, elevated allocation to equities, intended for 3-4 year holding periods

Traditional returns (PDF)

Overview

Risk profile: Moderate risk

Grantmaking: For givers who plan to grant amounts within 3-4 years

Expense ratio: 1.29%

Target allocation

  • 50% Global Equities
  • 32.5% Fixed income
  • 7.5% Opportunistic
  • 10% Cash

Current performance

YTD (%)
1 YR (%)
3 YR (%)
5 YR (%)
Returns net of investment fees
11.1
11.1
2.2
6.3
Benchmark
14.2
14.2
2.9
6.9

Investments

Global equities

  • GQG Partners Global Equity Fund
  • PIGM Jennison Global Opportunity Fund
  • BNY Mellon Global Stock Fund – Class Y – DGLYX
  • State Street S&P 500® Index Non-Lending Common Trust Fund
  • SSGA FTSE RAFI US 1000 Index
  • Champlain Mid Cap Core Fund – CIPIX
  • Vanguard Total International Stock Index Fund – VTSNX
  • FIAM Select Emerging Markets Equity LP
  • State Street MSCI Emerging Markets Index Non-Lending Common Trust Fund
  • SSGA MSCI EAFE 100% Hedged
  • MFS Inst International Equity Fund

Fixed income

  • State Street U.S. Aggregate Bond Index Non-Lending Common Trust Fund
  • Payden Limited Maturity Fund – PYLMX
  • Lord Abbett Short Duration Income Fund Class F3 – LOLDX
  • Palmer Square Income Plus Fund LLC
  • FIAM Tactical Bond Fund, LP
  • Harbor Core Bond Fund

Opportunistic

  • PIMCO All Asset Fund – PAAIX
  • Hatteras Core Alternative TEI Institutional LP
  • Creation Investments Social Ventures Fund I
  • SSGA Real Asset NL CTF
  • State Street U.S. Treasury Inflation Protected Securities (TIPS) Index Non-Lending Common Trust Fund
  • Vanguard Real Estate Index Fund – VGSNX

Cash

  • Federated Government Obligations Fund – GOIXX

 

Growth

70% equity – Highest-risk, aggressive equity allocation for long-term 4+ year holding periods

Traditional returns (PDF)

Overview

Risk profile: Highest risk

Grantmaking: Long-term investment option for givers who plan to grant amounts more than 4-5 years in the future

Expense ratio: 1.28%

Target allocation

  • 70% Global equities
  • 15% Fixed Income
  • 5% Opportunistic
  • 10% Cash

Current performance

YTD (%)
1 YR (%)
3 YR (%)
5 YR (%)
Returns net of investment fees
15.0
15.0
3.6
8.5
Benchmark
17.3
17.3
4.4
9.0

Investments

Global equities

  • BNY Mellon Global Stock Fund – Class Y – DGLYX
  • GQG Partners Global Equity Fund
  • PGIM Jennison Global Opportunity Fund
  • State Street S&P 500 Index Non-Lending Common Trust Fund
  • SSGA FTSE RAFI US 1000 Index
  • Champlain Mid Cap Core Fund – CIPIX
  • Vanguard Total International Stock Index Fund – VTSNX
  • MFS Institutional International equity Fund – MIEIX
  • FIAM Select Emerging Markets Equity LP
  • State Street MSCI Emerging Markets Index Non-Lending Common Trust Fund
  • SSGA MSCI EAFE 100% Hedged

Fixed income

  • State Street U.S. Aggregate Bond Index Non-Lending Common Trust Fund
  • Payden Limited Maturity Fund – PYLMX
  • Lord Abbett Short Duration Income Fund Class F3 – LOLDX
  • Palmer Square Income Plus Fund LLC
  • Harbor Core Bond Fund

Opportunistic

  • PIMCO All Asset Fund – PAAIX
  • SSGA Real Asset NL CTF
  • State Street U.S. Treasury Inflation Protected Securities (TIPS) Index Non-Lending Common Trust Fund
  • Vanguard Real Estate Index Fund – VGSNX

Cash

  • Federated Government Obligations Fund – GOIXX

 

3 ways you can invest with your NCF fund

Whether you select from investment pools, impact investments – or have your financial advisor manage your investments – NCF has options that can fit into your giving strategy.

Investment pools
When opening a fund, you can choose from a variety NCF's multi-asset investment pools that range from stable value with no risk of fluctuation in principal value to very high risk with substantial exposure to market fluctuations.
Impact investing
With impact investing at NCF, you can pursue financial returns while making a spiritual impact, even before you recommend grants to charities. While the money is being put to work, the returns go back to your fund so you can make more investments or grant even more to your favorite charities.
Separately managed accounts (SMAs)
If you prefer a more customized approach to the management of the assets in your fund, consider an SMA, which is best suited for givers with long-term charitable giving horizons, and the desire for their advisor to manage their fund's investments.
Investment pools
When opening a fund, you can choose from a variety NCF's multi-asset investment pools that range from stable value with no risk of fluctuation in principal value to very high risk with substantial exposure to market fluctuations.
Impact investing
With impact investing at NCF, you can pursue financial returns while making a spiritual impact, even before you recommend grants to charities. While the money is being put to work, the returns go back to your fund so you can make more investments or grant even more to your favorite charities.
Separately managed accounts (SMAs)
If you prefer a more customized approach to the management of the assets in your fund, consider an SMA, which is best suited for givers with long-term charitable giving horizons, and the desire for their advisor to manage their fund's investments.

Open a fund and start making an impact today.

Open a fund