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Consolidated Fund
Investment Management
Final authority for
investment management of the Consolidated Fund lies
with the Board of Directors. However, it is the
primary responsibility of the Investment Committee, in
particular the investment professionals who make up
the Small Investment Committee. Areas of
responsibility include:
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Asset Allocation
57%
domestic stocks
/ 33% fixed income / 5% REITs / 5% international
stocks
Goal
Earn
a real return of 5.5% over inflation, net of all fees
and costs.
Costs
Part of our
mission is to operate simply, not incurring
unnecessary costs to constituents. Fiduciary
does not charge fees as such, only the costs required
to operate. Costs are deducted before any income
earned per unit is calculated. Total costs,
including management fees, average 0.50% (50
basis points) of assets in the Fund.
Socially
Responsible Investment
Investments
are guided by traditional Quaker values and
testimonies. The Small Investment Committee
reviews all equity recommendations before purchase for
adherence to our socially responsible investment
criteria.
Performance
 Establish
benchmarks
Evaluate
performance
Provide
performance reporting
Monitoring
Investment Managers
Meet
with each manager on a regular basis
Have
regular contact during each quarter, usually via
conference calls
Assess
performance, fidelity to style for which hired and
cooperation with socially responsible investment
guidelines
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