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.
Faith-Driven Pools
These pools prioritize and favor high-performing companies with shared values who are working to make a positive impact and promoting biblical values in the world.
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.
These pools prioritize and favor high-performing companies with shared values who are working to make a positive impact and promoting biblical values in the world.
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
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 a substantial portion of their fund balance over the next 5 years.
Expense ratio: 0.60%
Target allocation
- 57% Fixed Income
- 23% Domestic equities
- 5% International equities
- 5% Other
- 10% Cash
Current performance
Inception Date October 5, 2022
Investments
Fixed income
- Invesco Intermediate Term Gov’t and Credit
Domestic equities
- Crossmark Large Cap
- Eventide Mid-Cap
International equities
- Crossmark International
Global equities
- Veriti Management
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 expect to make grants over an extended time horizon
Expense ratio: 0.61%
Target allocation
- 42% Fixed income
- 34% Domestic equities
- 9% International equities
- 5% Other
- 10% Cash
Current performance
Inception Date October 5, 2022
Investments
Fixed income
Invesco Intermediate Term Gov’t and Credit
Domestic equities
Crossmark Large Cap
Eventide Mid-Cap
International equities
Crossmark International
Global equities
Veriti Management
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
Investments
Domestic equities
Crossmark Large Cap
Eventide Mid-Cap
Veriti Management
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: 0.65%
Target allocation
- 68% Domestic equities
- 17% International equities
- 5% Other
- 10% Cash
Current performance
Inception Date October 5, 2022
Investments
Domestic equities
- Crossmark Large Cap
- Eventide Mid-Cap
International equities
- Crossmark International
Global equities
- Veriti Management
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.
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: Low risk
Grantmaking: For givers who plan to grant out their full fund balance on an ongoing basis
Stated rate earns 1.0% 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.
Overview
Risk profile: Low risk
Grantmaking: For givers who plan to grant out their fund balance within 1-2 years
Expense ratio: 1.16%
Target allocation
- 80% Fixed income
- 5% Flexible capital
- 5% Real assets
- 10% Cash
Current performance
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
Flexible capital
- BlackRock Strategic Income Opportunities Fund – BSIIX
Real assets
- 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 3+ 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: 1.17%
Target allocation
- 10% Domestic equities
- 10% International equities
- 50% Fixed income
- 5% Flexible capital
- 15% Real assets
- 10% Cash
Current performance
Investments
Domestic equities
- State Street S&P 500® Index Non-Lending Common Trust Fund
- Champlain Mid Cap Core Fund – CIPIX
International equities
- 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
- SSGA MSCI EAFE 100% Hedged
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
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 equities
- Creation Investments Social Ventures Fund I
Real assets
- SSGA Real Asset NL CTF
- State Street U.S. Treasury Inflation Protected Securities (TIPS) Index Non-Lending Common Trust Fund
Cash
- Federated Government Obligations Fund – GOIXX
Balanced Income
35% equity – Moderate-risk, modest allocation to equities, intended for 5+ 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: 1.20%
Target allocation
- 17.5% Domestic equities
- 17.5% International equities
- 35% Fixed income
- 5% Flexible capital
- 15% Real assets
- 10% Cash
Current performance
Investments
Global equities
- GQG Partners Global equity Fund
- State Jennison Global Opportunity Fund of the Prudential Trust Company IBT
- State BNY Mellon Global Stock Fund – Class Y – DGLYX
Domestic equities
- State Street S&P 500® Index Non-Lending Common Trust Fund
- Champlain Mid Cap Core Fund – CIPIX
International equities
- 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
- 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
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 equities
- Creation Investments Social Ventures Fund I
Real assets
- SSGA Real Asset NL CTF
- State Street U.S. Treasury Inflation Protected Securities (TIPS) Index Non-Lending Common Trust Fund
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
50% equity – Higher-risk, elevated allocation to equities, intended for 7+ 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: 1.17%
Target allocation
- 25% Domestic equities
- 25% International equities
- 20% Fixed income
- 5% Flexible capital
- 15% Real assets
- 10% Cash
Current performance
Investments
Global equities
- GQG Partners Global equity Fund
- State Jennison Global Opportunity Fund of the Prudential Trust Company IBT
- State BNY Mellon Global Stock Fund – Class Y – DGLYX
Domestic equities
- State Street S&P 500® Index Non-Lending Common Trust Fund
- Champlain Mid Cap Core Fund – CIPIX
International equities
- Vanguard Total International Stock Index Fund – VTSNX
- FIAM Select Emerging Markets Equity LP
- State Street MSCI Emerging Markets Index Non-Lending Common Trust Fund
- Delaware International Small Cap R6 – DGRRX
- 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
- 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 equities
- Creation Investments Social Ventures Fund I
Real assets
- SSGA Real Asset NL CTF
- State Street U.S. Treasury Inflation Protected Securities (TIPS) Index Non-Lending Common Trust Fund
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
70% equity – Highest-risk, aggressive equity allocation for long-term 7+ 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: 1.19%
Target allocation
- 35% Domestic equities
- 35% International equities
- 10% Fixed income
- 5% Flexible capital
- 5% Real assets
- 10% Cash
Current performance
Investments
Global equities
- BNY Mellon Global Stock Fund – Class Y – DGLYX
- GQG Partners Global equity Fund
- State Jennison Global Opportunity Fund of the Prudential Trust Company IBT
Domestic equities
- State Street S&P 500® Index Non-Lending Common Trust Fund
- Champlain Mid Cap Core Fund – CIPIX
International equities
- 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
- Delaware International Small Cap R6 – DGRRX
- 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
Flexible capital
- BlackRock Strategic Income Opportunities Fund – BSIIX
Private equities
- Creation Investments Social Ventures Fund I
Real assets
- SSGA Real Asset NL CTF
- State Street U.S. Treasury Inflation Protected Securities (TIPS) Index Non-Lending Common Trust Fund
REITs
- Vanguard Real Estate Index Fund – VGSNX
- Vanguard Global Except-U.S. Real Estate Index – VNQI
Cash
- Federated Government Obligations Fund – GOIXX
- Distribution Cash
