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The Calgary Foundation's biggest investment is our community investment. Our funds are invested by some of the country’s top financial advisors. Q4 2011 - 2012 Performance Summary (for period ending March 31, 2012) Q3 2011 - 2012 Performance Summary (for period ending December 31, 2011) Q2 2011 - 2012 Performance Summary (for period ending September 30, 2011) Q1 2011 - 2012 Performance Summary (for period ending June 30, 2011) 2010 - 2011 Audited Financial Statements and Management Discussion & Analysis (Year ending March 31, 2011) 2009 - 2010 Audited Financial Statements and Management Discussion & Analysis (Year ending March 31, 2010) Here are some of the specifics of our approach: Strong policy The Foundation's staff and Investment Committee continually review and evaluate our formal Statement of Investment Policy to ensure it incorporates relevant research and industry knowledge. A long view The very long term horizon of an endowment allows us to make decisions based on the long term trends of capital markets, not on their short term variations. Specialty managers We seek out and use the services of the "best of breed" in each asset class. Then, we actively oversee these professionals to ensure they adhere to our Statement of Investment Policy in their investment activities.
Diversification Our portfolio is diversified by asset class, sector, equity issuer, debt issuer, term to maturity, management style, region, and so on. The asset mix of TCF’s primary endowment portfolio arising from a recently undertaken asset mix optimization exercise will be 24.5% Canadian bonds, 5% high yielding securities, 24.5% large capitalization Canadian equities, 5% small capitalization Canadian equities, 34.5% global equities, including up to 5% in emerging markets as a tactical allocation, 5% Canadian real estate and 1.5% cash. This new structure will be implemented upon completion of TCF’s due diligence in regards to the structure of the mandates and the managers. The majority of the transition to this asset mix has been completed save for the allocation to Canadian real estate and small capitalization Canadian equities which are imminent. The asset mix as of September 30, 2009 is 28% Canadian bonds, 6% high yielding securities, 33% large- and mid-capitalization Canadian equities and 33% global equities. Benchmarking We regularly benchmark the performance of the endowment portfolio against indices and peers. A focus on real rate of return The purchasing powers of today’s dollars erode over time due to inflation. We therefore measure the performance of The Foundation's portfolio in terms of inflation-adjusted rates of return.
Experience and expertise Our Investment Committee members are accomplished in their field, and apply their collective experience and expertise to the careful management of the Foundation's endowment
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