Investments

Investments

The Foundation provides investment management oversight services for Kentucky and Southern Baptist-related churches, associations, institutions and agencies and certain other IRC §501(c)(3) organizations. At fiscal year-end August 31, 2014 funds under management by the Foundation totaled $179.3M and included permanent endowments, charitable remainder trusts, charitable gift annuities, donor-advised funds and revocable accounts.

Our Approach

The Foundation operates three investment pools: equity, fixed income and alternative investments. Funds are invested in the asset allocation that best accomplishes the objectives of the client/beneficiary. The hallmarks of these services are: top-ranked performance, below market cost and Christian-based social screening. Past performance is no guarantee of future results.

Why the Kentucky Baptist Foundation for your Organization's Investment Needs?

  • Top-ranked performance*
  • Complete package of investment management, administration and fiduciary oversight at below market cost
  • Economies of scale resulting in complete package at a reduced cost
  • Flexibility in selection of an asset allocation to meet client’s objective(s) – with automatic rebalancing
  • Christian-based social screening
  • Risk limitation through diversification and quality standards
  • Timely, dependable income distribution plan via direct deposit
  • Clear, comprehensive accounting reports and on-line access
  • Relief to client organization’s committee and staff from day-to-day investment research, analysis, decision making, transacting and reporting
  • Unique blend of competent, competitive investment service and a commitment to the growth of the user-organization’s ministry.

*Past performance is no guarantee of future results

 

INVESTMENT PERFORMANCE

The KBF recognizes total return, based upon income and market value changes, is the appropriate measure of performance.

  • The KBF utilizes a team of professional investment management firms and strategies, across a variety of asset classes with different, but complementary, styles and investment decision-making processes, to accomplish the investment objective of each investment fund within the risk definition and quality standards of each fund.
  • The KBF also utilizes an independent service to measure the time-weighted performance of the investment managers and strategies relative to: (a) the approved benchmarks, (b) the level of risk taken and (c) other managers/strategies.
  • The performance measurement and reporting is in accordance with the Basic Asset Information and Measurement Report (AIM™).
  • The KBF Investment Committee of the Board of Directors, with the assistance of an independent consultant, continuously monitors the performance of all managers and strategies and determines each’s suitability for retention.
  • For specific performance information, please contact KBF President Barry Allen at barry.allen@kybaptist.org or 866-489-3421 toll-free (KY only).

 

Roster of Investment Managers/Strategies

Equity Fund:

Domestic Large Cap

   Delaware Investments
   Herndon Capital Management
   iShares Russell 1000 Growth
   iShares Russell 1000 Value
  Jennison Associates
  MFS Investment Management

Domestic Mid Cap

   Artisan Partners
   Hotchkis & Wiley

Domestic Small Cap

   EARNEST Partners
   T Rowe Price

REITS

   T Rowe Price

International

   Dodge & Cox
   Oakmark
   Oppenheimer & Co., Inc.
   Wentworth, Hauser & Violich

Emerging Markets

    Harding Loevner
   Virtus Investment Partners

Global Tactical

   Mainstay
   Ivy Investment Management 

 
Fixed Fund:

Core

   PCA
   Dodge & Cox

Floating Rate

   Eaton Vance

Unconstrained

   BlackRock
   Driehaus Capital Management, LLC
  
Global Bond

   Franklin Templeton Investments

 

PNC Bank is the master custodian and provides sub-accounting of all funds administered by the Foundation. PNC Institutional Investments provides advisory services.  Deming, Malone, Livesay & Ostroff, PSC is the independent firm which conducts the Foundation's annual audit.