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.
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.
NCF's investment pools
NCF has multiple investment pools that range in risk, market fluctuation, and value. You can also change pools when you log in to your Fund (on the Fund settings page).
Money Market
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 based on market conditions.
View all returns (PDF)Overview
Risk Profile: Low risk
Grant Making: For givers who plan to grant out their full fund balance on an ongoing basis
Stated rate earns .02% interest
Target Allocation
- 100% Cash & Cash Equivalents
Investments
Investments may include money market cash, bank and money market accounts, money market funds, short-term fixed income, or securities.
Fixed Income
Seeks income with modest capital appreciation through an asset allocation to shorter duration investment grade fixed income investments.
View all returns (PDF)Overview
Risk Profile: Low risk
Grant Making: For givers who plan to grant out their fund balance within 1-2 years
Expense Ratio: 1.01
Target Allocation
- 80% Fixed Income
- 5% Flexible Capital
- 5% Real Assets
- 10% Cash
Current Pool Performance
Investments
Fixed Income
- Vanguard Total Bond Market Index Fund - VBTIX
- Vanguard Short Term Bond Fund - VBITX
- Vanguard Intermediate Term Treasury Fund - VFIUX
- 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
Flexible Capital
- BlackRock Strategic Income Opportunities Fund - BSIIX
Real Assets
- Vanguard Short Term Inflation Protected Secs Fund - VTSPX
Cash
- Federated Government Obligations Fund - GOIXX
Moderate Income
Seeks capital appreciation with a 20% allocation to domestic and international equities, with broader diversification across other asset classes.
View all returns (PDF)Overview
Risk Profile: Modest risk
Grant Making: For givers who plan to grant their fund's balance within 1-2 years
Expense Ratio: 1.08
Target Allocation
- 10% Domestic Equity
- 10% International Equity
- 50% Fixed Income
- 10% Flexible Capital
- 10% Real Assets
- 10% Cash
Current Pool Performance
Investments
Domestic Equity
- Vanguard Institutional Index Fund - VINIX
- Champlain Mid Cap Core Fund - CIPIX
International Equity
- MFS Institutional International Equity Fund - MIEIX
- Vanguard Total International Stock Index Fund - VTSNX
- FIAM Select Emerging Markets Equity LP
- Vanguard Emerging Market Stock Index Fund - VEMIX
- SSGA MSCI EAFE 100% Hedged
Fixed Income
- Vanguard Total Bond Market Index Fund - VBTIX
- Vanguard Short Term Bond Fund - VBITX
- 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
Flexible Capital
- BlackRock Strategic Income Opportunities Fund - BSIIX
- John Hancock Seaport Long/Short Fund - JSFRX
- Blackrock Event Driven Equity Fund - BILPX
- Hatteras Core Alternative TEI Institutional LP
Private Equity
- Creation Investments Social Ventures Fund I
Real Assets
- SSGA Real Asset NL CTF
- Vanguard Short Term Inflation Protected Secs Fund - VTSPX
Cash
- Federated Government Obligations Fund - GOIXX
Balanced Income
Seeks a less aggressive exposure to equity risk with 35% allocation to domestic and international equities. Leans toward income-producing, risk-reducing asset classes and holdings that are diversified across classes.
View all returns (PDF)Overview
Risk Profile: Medium risk
Grant Making: For givers who plan to grant their fund's balance within 2-3 years
Expense Ratio: 1.06
Target Allocation
- 5% Global Equity
- 11% Domestic Equity
- 14% International Equity
- 39% Fixed Income
- 10% Flexible Capital
- 6% Real Assets
- 5% REITs
- 10% Cash
Current Pool Performance
Investments
Global Equity
- GQG Partners Global Equity Fund
Domestic Equity
- Vanguard Institutional Index Fund - VINIX
- Champlain Mid Cap Core Fund - CIPIX
International Equity
- Vanguard Total International Stock Index Fund - VTSNX
- FIAM Select Emerging Markets Equity LP
- Delaware International Small Cap R6 – DGRRX
- SSGA MSCI EAFE 100% Hedged
Fixed Income
- Vanguard Total Bond Market Index Fund - VBTIX
- 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
Flexible Capital
- BlackRock Strategic Income Opportunities Fund - BSIIX
- John Hancock Seaport Long/Short Fund - JSFRX
- Blackrock Event Driven Equity Fund - BILPX
- Hatteras Core Alternative TEI Institutional LP
Private Equity
- Creation Investments Social Ventures Fund I
Real Assets
- SSGA Real Asset NL CTF
- Vanguard Short Term Inflation Protected Secs Fund - VTSPX
REITs
- Vanguard Real Estate Index Fund - VGSNX
- Vanguard Global Except-U.S. Real Estate Index - VNQI
Cash
- Federated Government Obligations Fund - GOIXX
- Distribution Cash
- Hatteras Cash Reserves - FDRXX
Balanced Growth
Seeks an asset mix that is higher risk than the more conservative pool options, with a 50% allocation to domestic and international equities.
View all returns (PDF)Overview
Risk Profile: Moderate risk
Grant Making: For givers who plan to grant amounts within 3-4 years
Expense Ratio: 1.08
Target Allocation
- 5% Global Equity
- 18% Domestic Equity
- 22% International Equity
- 25% Fixed Income
- 10% Flexible Capital
- 5% Real Assets
- 5% REITs
- 10% Cash
Current Pool Performance
Investments
Global Equity
- GQG Partners Global Equity Fund
Domestic Equity
- Vanguard Institutional Index Fund - VINIX
- Champlain Mid Cap Core Fund - CIPIX
International Equity
- Vanguard Total International Stock Index Fund - VTSNX
- FIAM Select Emerging Markets Equity LP
- Vanguard Emerging Market Stock Index Fund - VEMIX
- Delaware International Small Cap R6 – DGRRX
- SSGA MSCI EAFE 100% Hedged
Fixed Income
- Vanguard Total Bond Market Index Fund - VBTIX
- 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
Flexible Capital
- BlackRock Strategic Income Opportunities Fund - BSIIX
- John Hancock Seaport Long/Short Fund - JSFRX
- Blackrock Event Driven Equity Fund - BILPX
- Hatteras Core Alternative TEI Institutional LP
Private Equity
- Creation Investments Social Ventures Fund I
Real Assets
- SSGA Real Asset NL CTF
- Vanguard Short Term Inflation Protected Secs Fund - VTSPX
REITs
- Vanguard Real Estate Index Fund - VGSNX
- Vanguard Global Except-U.S. Real Estate Index - VNQI
Cash
- Federated Government Obligations Fund - GOIXX
- Distribution Cash
- Hatteras Cash Reserves - FDRXX
Growth
Seeks growth through the highest-risk asset mix of the pool options, with a 70% allocation to domestic and international equities.
View all returns (PDF)Overview
Risk Profile: Highest risk
Grant Making: Long-term investment option for givers who plan to grant amounts more than 4-5 years in the future
Expense Ratio: 1.14
Target Allocation
- 14% Global Equity
- 28% Domestic Equity
- 25% International Equity
- 11% Fixed Income
- 5% Flexible Capital
- 4% Real Assets
- 3% REITs
- 10% Cash
Current Pool Performance
Investments
Global Equity
- BNY Mellon Global Stock Fund - Class Y – DGLYX
- GQG Partners Global Equity Fund
Domestic Equity
- Vanguard Institutional Index Fund - VINIX
- Champlain Mid Cap Core Fund - CIPIX
International Equity
- Vanguard Total International Stock Index Fund - VTSNX
- MFS Institutional International Equity Fund - MIEIX
- FIAM Select Emerging Markets Equity LP
- Vanguard Emerging Market Stock Index Fund - VEMIX
- Delaware International Small Cap R6 – DGRRX
- SSGA MSCI EAFE 100% Hedged
Fixed Income
- Vanguard Total Bond Market Index Fund - VBTIX
- Payden Limited Maturity Fund - PYLMX
- Lord Abbett Short Duration Income Fund Class F3 – LOLDX
- Palmer Square Income Plus Fund LLC
Flexible Capital
- BlackRock Strategic Income Opportunities Fund - BSIIX
Private Equity
- Creation Investments Social Ventures Fund I
Real Assets
- SSGA Real Asset NL CTF
- Vanguard Short Term Inflation Protected Secs Fund - VTSPX
REITs
- Vanguard Real Estate Index Fund - VGSNX
- Vanguard Global Except-U.S. Real Estate Index - VNQI
Cash
- Federated Government Obligations Fund - GOIXX
- Distribution Cash
