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Mission - 2005 Disclosure Statement
HISTORICAL RETURNS FOR MONEY MANAGERS - July 25, 2007
Following are composite historical returns for the Foundation's money managers. All managers for our Growth, Balanced and Income Funds are employed by the Foundation through The Consulting Group, a wholly owned subsidiary of Smith Barney. Since these managers were not employed by the Foundation until late 1998, returns through that period are composite total returns without regard to any fees that would have been incurred. Beginning with 1999, returns shown are actual returns net of fees charged by money managers. Southern Baptist Foundation was the manager of our Fixed Income Fund, until March 2004, at which time Osprey Partners was employed as manager.
| PERIOD |
GROWTH FUND |
BALANCED FUND |
INCOME FUND |
FIXED-INCOME FUND | ||||
|
NCBF |
Index |
NCBF |
Index |
NCBF |
Index |
NCBF |
Index | |
| 1994 |
(0.20) |
0.66 |
(1.10) |
(0.30) |
(2.60) |
(1.29) |
3.63 |
(1.94) |
| 1995 |
33.80 |
33.13 |
28.00 |
26.45 |
23.00 |
19.76 |
10.40 |
15.30 |
| 1996 |
20.40 |
19.18 |
14.30 |
13.51 |
8.60 |
7.84 |
6.46 |
4.06 |
| 1997 |
24.60 |
28.26 |
19.10 |
20.61 |
13.80 |
12.96 |
7.60 |
7.86 |
| 1998 |
17.10 |
24.55 |
14.70 |
18.50 |
12.20 |
12.45 |
6.80 |
8.42 |
| 1999 |
19.65 |
16.90 |
12.80 |
10.72 |
5.34 |
4.52 |
4.15 |
0.39 |
| 2000 |
(0.65) |
(5.26) |
5.23 |
0.50 |
6.12 |
6.26 |
10.62 |
10.10 |
| 2001 |
(2.04) |
(7.75) |
4.15 |
(1.46) |
3.63 |
5.81 |
7.32 |
8.96 |
| 2002 |
(14.20) |
(20.91) |
(5.80) |
(6.14) |
(2.30) |
3.44 |
6.00 |
9.82 |
| 2003 |
26.60 |
23.81 |
18.50 |
16.50 |
12.10 |
9.18 |
1.20 |
4.30 |
| 2004 |
12.30 |
9.31 |
8.50 |
6.96 |
4.68 |
4.61 |
0.20* |
1.69* |
| 2005 |
8.70 |
4.23 |
5.10 |
3.23 |
2.20 |
2.23 |
N/A |
N/A |
| 2006 |
11.80 |
13.45 |
8.60 |
9.94 |
7.00 |
6.42 |
N/A |
N/A |
| 2007 thru June |
9.90 |
5.86 |
7.10 |
4.21 |
3.60 |
2.55 |
N/A |
N/A |
| Average |
12.43 |
10.41 |
10.31 |
8.99 |
7.21 |
6.92 |
6.33* |
6.79* |
The information above has been obtained by sources considered to be reliable. Past performance in no way guarantees future results. The indices shown are comprised of the S&P500 and Lehman Brothers Intermediate Govt/Credit as follows: Growth 80/20, Balanced 50/50, Income 20/80, Fixed 0/100.
*Performance through February 2004The money managers for these investment funds are as follows:
| Management Style | Manager |
| Large Growth Equity Large Growth Equity Large Value Equity All Cap Equity International Growth Equity International Value Equity Small/Mid Cap Value Equity Small/Mid Cap Growth Equity Fixed Income Hedge Fund Hedge Fund Hedge Fund Hedge Fund Hedge Fund Managed Futures |
Alliance Capital Management TCW (beginning February 2003) State Street Global Large Value (beginning Feb 2003) Friess Associates (beginning Nov 2002) Blair International (beginning Aug 2004) Invesco Capital Management Private Capital Management Friess Associates Osprey Partners (beginning February 2002) Silver Creek Long/Short Partners Lighthouse Diversified (beginning Oct 2002) Lighthouse Low Volatility (beginning Oct 2002) K2 Advisors (beginning Oct 2002) Austin Capital (beginning Nov 2003) Multiple (beginning Nov 2003) |
Following are historical returns for the Foundation's Osprey Fixed Income Fund, which was established March 1, 2004 to provide a 100% fixed income alternative to investors. The manager, Osprey Partners, is employed by the Foundation through The Consulting Group, a wholly-owned subsidiary of Smith Barney. Returns for 1999-2003 represent what we would have earned had the funds been invested with the manager during this time. Osprey was originally employed in 2002 as the manager of the fixed income portions of our Growth, Balanced and Income portfolios.
| PERIOD | OSPREY FIXED INCOME FUND | |
|
NCBF |
Index | |
| 1999 | 0.76 | 0.39 |
| 2000 | 10.04 | 10.10 |
| 2001 | 9.60 | 8.98 |
| 2002 | 3.90 | 8.39 |
| 2003 | 5.48 | 4.30 |
| 2004 | 2.30 | 3.04 |
| 2005 | 1.57 | 1.57 |
| 2006 | 3.50 | 3.01 |
| 2007 thru June | 1.30 | 1.45 |
| Average | 4.65 | 4.98 |
The information above has been obtained by sources considered to be
reliable. Past performance in no way guarantees future results. The
indices shown represent the Lehman Brothers Intermediate Govt/Credit
index.