Total Return Fund


Important Documents


PDFInvestment Policy
Revised September 15, 2016​

PDFAnnual Report to Participants for Period Ending December 31, 2016
 

PDFFirst Quarter 2017 Report.

PDFFirst Quarter 2017 Holdings Report.

Background Materials

PDFIntroduction to Total Return Fund

PDFIs the Total Return Fund Right for You

PDFDo You Have An Effective Investment Committee?

PDFKnow Your Endowments

PDFWhat Does The Bible Say About Endowments?

 

Investment Objective

The overall goal of the Consolidated Trust Fund (“CTF”) Total Return Fund is to maintain the inflation adjusted market value of assets while providing a relatively predictable, growing stream of revenue. The objective, therefore, is to earn a total return (net of all fees and expenses) equal to or exceeding the Connecticut Conferences’ targeted spending rate, currently 4.5%, plus the inflation rate – as measured by the Consumer Price Index. In addition, funds are managed according to the guidelines for socially responsible investing established by the Board of Directors and annual meetings of the Connecticut Conference of the United Church of Christ.

Balanced, Diversified, High Quality Portfolio

Investments are diversified across asset classes, industry sectors, individual companies, and duration of fixed income securities. In order to meet the investment objective, asset allocation is biased towards equities and other asset classes with equity-like returns. Fixed income securities and other asset classes are used to reduce volatility and hedge investment risks.

Investment Advisor

Bank of America/U.S. Trust, and its predecessors have managed the fund since its inception in 1956.

Low Costs

There are no fees associated with purchases or redemptions in the fund. Total expenses of the fund, including management, transaction, custodial fees and fund accounting fees are approximately 60 basis points.

Distribution Options

Distributions are made to participants on a monthly basis. Participants may elect to receive net income, a fixed amount or a percentage of total return. Participants may also reinvest all or any portion of their monthly income.

Purchases & Redemptions

Participants may make additions or redeem units monthly. All transactions are accounted for on the last business day of the month. Redemption checks will be mailed on or about the tenth (10th) day of the month following valuation.