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, 2013 funds under management by the Foundation totaled $174.5M and included permanent endowments, charitable remainder trusts, charitable gift annuities, donor-advised funds and revocable accounts.

Our Approach

The Foundation operates two investment pools: equity and fixed income. Funds are invested in the asset allocation that best accomplishes the objectives of the client/beneficiary. The hallmarks of these services are: value added 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?

  • Value added performance*
  • Complete package of investment management, administration, sub-accounting 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 investing advisory 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 Global Investment Performance Standards (GIPS).
  • The KBF Investment Committee of the Board of Directors, with the assistance of an investment advisory firm, 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

Domestic Small Cap

  • EARNEST Partners
  • T Rowe Price

REIT

  • T Rowe Price

International

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

Emerging Markets

  • Harding Loevner
  • Virtus Investment Partners

Global Tactical

  • Epoch Investment Partners, Inc.
  • Ivy Investment Management

Fixed Fund:
Unconstrained

  • BlackRock
  • Driehaus Capital Management, LLC
  • PIMCO

Floating Rate

  • Eaton Vance

Core

  • PCA
  • PIMCO

Global Bond

  • Franklin Templeton Investments

 

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