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, 2011 funds under management by the Foundation totaled $159.9M 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:
  • Victory Capital Management - Cleveland, OH
    Domestic Large Cap Core
  • AllianceBernstein, L.P. - New York, NY
    Domestic Large Cap Core
  • EARNEST Partners - Atlanta, GA
    Domestic Small Cap Value
  • Mainstream Investment Advisers – New Albany, IN
    Domestic Small-Mid Cap Growth
  • Wentworth, Hauser & Violich - San Francisco, CA
    International Large Cap Growth
  • Thornburg Management Co. - Sante Fe, NM
    International Large Cap Growth
  • Janus Capital Management, LLC - Denver, CO 
    International Large Cap Blend 
  • Federated Investors, Inc. - Pittsburg, PA  
    I    nternational Large Cap Blend 
  • BlackRock Investments, LLC - New York, NY
    Multi-Asset Global
  • First Pacific Advisors, LLC - Los Angeles, CA
    Multi-Asset Global
  • Ivy Investment Management Co. - New York, NY
     Global Flex
  • Eaton Vance Asset Management Co. - Boston, MA
    Multi Market Global 
  • Aberdeen Asset Management, Inc. - Philadelphia, PA
    Emerging Markets Large Cap Blend
  • Virtus Investment Partners - Boston, MA
    Emerging Markets Large Cap Value
  • Oppenheimer Funds Services - Aurora, CO
    Emerging Markets Large Cap Growth
  • Wells Fargo - Boston, MA
    Emerging Markets Large Cap Blend
Fixed Fund:
  • PIMCO Global - Newport Beach, CA
    Intermediate Term
  • PIMCO Global - Newport Beach, CA
    Unconstrained 
  • Hillswick Asset Management - Stamford, CT
    Intermediate Term Top Down
  • Barrow, Hanley, Mewhinney & Strauss - Dallas, TX
    Intermediate Term Bottom Up
  • Vanguard - Valley Forge, PA
    Total Bond Market Index Fund
  • CDARS
    Certificate of Deposit Account Registry Service
Alternative Investments Fund:
  • Grosvenor Capital Management, LP- Chicago, IL
    Absolute Return Diversified Fund
  • Sterling Stamos Capital Management, L.P. - New York, NY
    Global Long/Short Equity Diversified Fund
  • Merrill Lynch Systematic Momentum - New York, NY
    Managed Futures Fund of Funds 
Private Equity Fund
  • BlackRock Investment Management, LLC - Plainsboro, NJ 
    Private Equity VESEY Street Fund IV, L.P.

 

PNC Bank is the master custodian of all funds administered by the Foundation. Merrill Lynch provides an independent performance monitoring service. Deming, Malone, Livesay & Ostroff, PSC is the independent firm which conducts the Foundation's annual audit.