1. What is the objective of the investment program?
The Jewish Communal Fund (JCF) is committed to providing a comprehensive investment platform with high quality attractive options in multiple asset classes. The spectrum of investment options provides donors, who have differing time and risk parameters, the opportunity to utilize the same platform.
2.
How was the current menu of investment options chosen?
JCF’s Investment Committee retained the
advisory services of the Consulting
Services Group, LLC (CSG).
CSG performed an investment manager analysis
in order to create a recommended list of
investment options for JCF. This was
accomplished by analyzing asset classes,
various performance and consistency
measures, and reviewing that data versus
representative benchmarks and peer groups.
Other criteria included the review of fees,
manager tenure, and corporate governance.
3.
How often do the investment options change?
CSG and the JCF Investment Committee
will continue to monitor and review the
managers on a regular basis. This
review will include the performance of
the funds over a long-term business
cycle. It is not expected that managers
will change frequently.
4.
What is required to change the investment allocation in my fund?
You must provide us with a completed Fund Investment Recommendation. You may fax the form to us at 212-319-6963
5.
What should I consider when making my investment choices?
Donors should primarily consider their grant making horizon and risk tolerance when making investment decisions.
6.
What are the fees associated with the investment options?
The management fee associated with each investment option varies. This means that movement from one investment option to another will result in a change in fees. There are no transaction costs charged to your fund when assets are liquidated or reallocated.
7.
Does each option have a minimum investment requirement?
There are minimum dollar amounts required for each investment option. Please refer to the Fund Investment Recommendation form.
8.
Is there a minimum or maximum number of options I can choose?
Donors are required to invest $5,000 in our default fund - the BlackRock Treasury Trust Fund (institutional money market). As long as minimum investment requirements are met, there are no other restrictions regarding the number of investments an individual may select for their asset allocation.
9.
Why is there a minimum requirement for the default fund?
Grants and monthly fees are paid from the default fund. If there is an insufficient amount in the default fund, investments will be sold on a pro rata basis and the default fund will be replenished up to $5000.
10.
Why was the Treasury Trust Fund selected as the default fund?
The JCF Investment Committee felt that it was prudent to have the investment with the least risk chosen as our default fund and selected the Treasury Trust Fund - an institutional money market fund - managed by BlackRock.
11.
How often can I change my asset
allocation?
You may request a reallocation of your entire fund balance up to four times per calendar year.
12.
Is my fund charged transaction fees for
changing my asset allocation?
There are no transaction costs charged to your fund when assets are liquidated or reallocated.
