IFC Collective Investment Funds
Faith-based investments... financial science... fiduciary prudence... finally.
Investing for Catholics (IFC) proudly announces the first ever Catholic values-based Target Date and Risk-Based Collective Investment Funds (CIFs). The CIFs are designed specifically to meet the needs of existing retirement plans and plan sponsors by assisting plan participants in reaching their retirement goals through low-cost, diversified and risk-appropriate investments without compromising faith or expected returns.
IFC, in collaboration with Hand Benefits and Trust (a BPAS Company), has developed 13 CIFs (10 Target Date and 3 Risk-Based), based on IFC's highly regarded socially responsible investment strategies. The new funds are scheduled to go live January 1, 2016, and will be accessible to virtually every Catholic organization’s current retirement plan through most recordkeeping platforms with information and daily net asset values available via Morningstar.
IFC Target Date Funds
A glide path refers to a formula that defines the asset allocation mix of a target date fund, based on the number of years to anticipated retirement or "target date." IFC's 10 Target Date Funds invest in a blend of index-style mutual funds that collectively deliver a diversified and consistently age-appropriate exposure to global stock and bond markets with a glide path, buy and hold formula that creates an adjusting asset allocation to become more conservative as the fund moves closer to the targeted retirement date. This glide path incorporates IFC's time-tested strategy alongside the understanding of long-term expected risk and return as well as the need to fuel long-term growth.
The current fund offerings target investor retirement dates in five-year increments, ranging from years 2015-2060, with the ultimate fund landing point arriving at a static mix of 40% stock funds/60% bond funds within approximately five years of retirement date. Participants can simply be matched and mapped into the Target Date Fund that most closely matches the year of retirement age, most normally at age 65 or 67.
Target Date Fund Glide Path Guide
For simulated, historical performance of IFC Target Date Fund Index Portfolios, click here.
IFC "Risk-Based" Retirement Funds
The IFC 3 Risk-Based CIFs are pre-built, designed and managed to maintain an established level of diversified stock and bond index-style mutual funds for three distinct asset allocations: Aggressive (80% stock funds/20% bond funds), Moderate (60% stock funds/40% bond funds) and Conservative (40% stock funds/60% bond funds). These Funds provide an easy and excellent alternative for defined benefit plans or do-it-yourself participants.