Objectives for the NCF 2015 Pooled Income Fund
The NCF 1015 Pooled Income Fund – IOUI has been created to provide long-term growth of principal with an emphasis on distribution of income to income benificiaries. Assets of the PIF will be invested in a manner looking to the relative interests of the income beneficiary and the charitable remainderman.
“Total return” provisions (“TRPIF”) are designed to provide distributable net income, with a secondary investment objective of reasonable growth of principal over time. It is anticipated that the NCF 2015 PIF – IOUI will appeal primarily to philanthropists looking for better than average income distribution. The NCIF 2015 PIF – IOUI will endeavor to achieve risk-adjusted total returns that, over time, are commensurate with more aggressive than usual broad-based market averages. In general, investments will be managed prudently and diversified among asset classes, sectors and securities, taking into account the life expectancy of income beneficiaries, and preservation of principal.
