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.

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.

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.

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: 0.61%

Target allocation

  • 95% Fixed Income
  • 5% Cash

Current performance

Investment performance results for the new Faith-Driven Pools will be published when available in January 2023, at the completion of its initial quarterly cycle.

YTD (%)
3 MO (%)
1 YR (%)
3 YR (%)
5 YR (%)
Gross returns
N/A
N/A
N/A
N/A
N/A
Returns net of investment fees
N/A
N/A
N/A
N/A
N/A
Benchmark
N/A
N/A
N/A
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 a substantial portion of their fund balance over the next 5 years.

Expense ratio: 0.65%

Target allocation

  • 65% Fixed Income
  • 9.6% Domestic equities
  • 2.4% International equities
  • 18% Global equities
  • 5% Cash

Current performance

Investment performance results for the new Faith-Driven Pools will be published when available in January 2023, at the completion of its initial quarterly cycle.

YTD (%)
3 MO (%)
1 YR (%)
3 YR (%)
5 YR (%)
Gross returns
N/A
N/A
N/A
N/A
N/A
Returns net of investment fees
N/A
N/A
N/A
N/A
N/A
Benchmark
N/A
N/A
N/A
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

  • 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: 0.68%

Target allocation

  • 47.5% Fixed income
  • 15.2% Domestic equities
  • 3.8% International equities
  • 28.5% Global equities
  • 5% Cash

Current performance

Investment performance results for the new Faith-Driven Pools will be published when available in January 2023, at the completion of its initial quarterly cycle.

YTD (%)
3 MO (%)
1 YR (%)
3 YR (%)
5 YR (%)
Gross returns
N/A
N/A
N/A
N/A
N/A
Returns net of investment fees
N/A
N/A
N/A
N/A
N/A
Benchmark
N/A
N/A
N/A
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
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: 0.75%

Target allocation

  • 95% Domestic equities
  • 5% Cash

Current performance

Investment performance results for the new Faith-Driven Pools will be published when available in January 2023, at the completion of its initial quarterly cycle.

YTD (%)
3 MO (%)
1 YR (%)
3 YR (%)
5 YR (%)
Gross returns
N/A
N/A
N/A
N/A
N/A
Returns net of investment fees
N/A
N/A
N/A
N/A
N/A
Benchmark
N/A
N/A
N/A
N/A
N/A

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: 0.74%

Target allocation

  • 30.4% Domestic equities
  • 7.6% International equities
  • 57% Global equities
  • 5% Cash

Current performance

Investment performance results for the new Faith-Driven Pools will be published when available in January 2023, at the completion of its initial quarterly cycle.

YTD (%)
3 MO (%)
1 YR (%)
3 YR (%)
5 YR (%)
Gross returns
N/A
N/A
N/A
N/A
N/A
Returns net of investment fees
N/A
N/A
N/A
N/A
N/A
Benchmark
N/A
N/A
N/A
N/A
N/A

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.

Short-term granting horizon
Long-term granting horizon

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.

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 0.80% 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

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: 1.16%

Target allocation

  • 80% Fixed income
  • 5% Flexible capital
  • 5% Real assets
  • 10% Cash

Current performance

YTD (%)
3 MO (%)
1 YR (%)
3 YR (%)
5 YR (%)
Gross returns
-7.3
-3.2
-7.2
-0.8
0.4
Returns net of investment fees
-7.4
-3.2
-7.3
-1.0
0.2
Benchmark
-11.1
-5.5
-11.2
-2.2
0.1

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
  • 10% Flexible capital
  • 10% Real assets
  • 10% Cash

Current performance

YTD (%)
3 MO (%)
1 YR (%)
3 YR (%)
5 YR (%)
Gross returns
-9.1
-3.7
-8.7
1.3
2.4
Returns net of investment fees
-9.3
-3.7
-9.0
1.1
2.2
Benchmark
-13.1
-6.0
-13.0
0.2
1.4

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

  • 5% Global equities
  • 11% Domestic equities
  • 14% International equities
  • 39% Fixed income
  • 10% Flexible capital
  • 6% Real assets
  • 5% REITs
  • 10% Cash

Current performance

YTD (%)
3 MO (%)
1 YR (%)
3 YR (%)
5 YR (%)
Gross returns
-11.9
-4.8
-11.4
2.0
2.9
Returns net of investment fees
-12.1
-4.8
-11.6
1.7
2.6
Benchmark
-14.2
-6.0
-13.8
0.9
2.0

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

  • 5% Global equities
  • 18% Domestic equities
  • 22% International equities
  • 25% Fixed income
  • 10% Flexible capital
  • 5% Real assets
  • 5% REITs
  • 10% Cash

Current performance

YTD (%)
3 MO (%)
1 YR (%)
3 YR (%)
5 YR (%)
Gross returns
-13.9
-5.6
-13.2
2.0
3.0
Returns net of investment fees
-14.1
-5.6
-13.5
1.8
2.8
Benchmark
-15.4
-6.2
-14.9
1.8
2.6

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

  • 14% Global equities
  • 28% Domestic equities
  • 25% International equities
  • 11% Fixed income
  • 5% Flexible capital
  • 4% Real assets
  • 3% REITs
  • 10% Cash

Current performance

YTD (%)
3 MO (%)
1 YR (%)
3 YR (%)
5 YR (%)
Gross returns
-15.5
-5.9
-15.0
3.6
4.6
Returns net of investment fees
-15.7
-6.0
-15.3
3.3
4.3
Benchmark
-16.7
-6.3
-16.0
3.2
3.9

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

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