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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, 2019 follows. Average annual returns are shown for periods longer than one year.* The market values of the portfolios shown below represent unaudited figures.Investment-Graph-2019.jpg

 

How have the Hartford Foundation's investments performed?

The recovery in equity prices from the lows reached in late December of last year resulted in strong returns for the S&P 500 index during the first six months of this year.  Growth stocks led value stocks.  Larger company stocks outperformed those of smaller companies.  Returns on US stocks were higher than those overseas.  While these trends could continue, we note that they are at varying degrees of historical extremes.  For this reason, we have positioned the Corporate portfolio, in particular, to benefit from a reversal in these dynamics with a higher weighting to mid and small-capitalization stocks, a tilt toward value stocks, and an emphasis on international developed and emerging market stocks.  

The portfolios’ fixed income holdings benefited from the significant decline in interest rates which occurred during the first half of 2019.

Against this backdrop, the Foundation’s broadly diversified Corporate Portfolio posted a calendar year-to-date investment return of 9.7%, while the Trust Portfolio returned 12.7%.  Longer-term results are shown in the chart above.

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

 

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