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Investment performance


The Hartford Foundation’s assets are managed by its corporate affiliate, HFPG, Inc. (the “Corporate Portfolio”) and by the Trustee Banks (the “Trust Portfolio”).

The investment returns, net of investment management fees, for the Foundation’s broadly-diversified endowment portfolios for periods ended June 30, 2016 follows. Average annual returns are shown for periods longer than one year.* The market values of the portfolios shown below represent unaudited figures:

investment-performance-graph-081116.jpg

Trust Portfolio (Trustee Bank)

Corporate Portfolio (HFPG, Inc.)

How have the Hartford Foundation's investments performed?

A recovery in the energy and metals and mining sectors, strong investor preference for securities which produce yield, and volatility related to concerns about global growth, political events, and the future direction of interest rates in the US and across the globe were key investment themes during the first half of 2016. The Foundation’s Corporate and Trust portfolios, the majority of which are invested in US and international equities, were impacted by these influences. For the first six months of 2016, the investment return on the Corporate portfolio was 1.2%. The return on the Trust portfolio was 2.2%.

The Hartford Foundation aims to achieve investment returns that preserve the long-term purchasing power of the endowment after grants and administrative expenses have been paid. We measure portfolio progress toward this goal by comparing it to the Consumer Price Index plus 5% (CPI+5%). Since September 1996, when systematic measurement of the Foundation’s investment returns commenced, through June 2016, the Corporate Portfolio has returned 7.2% per year, net of investment management fees. The Trust Portfolio produced a net return of 6.8% annualized over that period. Over the same timeframe, the CPI+5% measured 7.6% per year, while the S&P 500 index and the Barclays Capital Aggregate Bond Index produced average annual returns of 7.8% and 5.6%, respectively.

*When reviewing these returns, please note that past performance is not a guarantee of future results.

 

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