Investment Report
Investment update for the quarter ended March 31, 2026
The first quarter of 2026 reintroduced volatility that was largely absent from the second half of 2025.
Stocks began the year on a strong note — still primarily driven by AI-related investment — before declining sharply amid a global energy and supply disruption tied to conflict in the Middle East. The S&P 500 ended the quarter significantly down from its January high.
The Community Foundation’s Long-Term Portfolio maintained its strategic allocation throughout the quarter, with an equity exposure of 65%. The portfolio is aligned to capitalize on both domestic and international equities, providing multiple avenues for strong returns and protection against downturns through its diversification.
Early April saw the S&P 500 regain much of its lost ground, but the effects from the conflict in Iran may linger as fears of inflation reemerge. Volatility is a constant companion to all investors and, if the first quarter is any indication, it may remain elevated in the months ahead.
Our Investment Management Committee, in collaboration with the South Dakota Investment Council, is committed to a disciplined investment approach, focused on long-term performance and continuously monitoring market conditions to identify strategic opportunities to enhance the portfolio's performance.
Investment Returns for Period Ending 3/31/2026
Money Market Portfolio
| Previous Quarter | 0.89% |
| Calendar Year-to-Date | 0.89% |
Intermediate Portfolio
| Previous Quarter | -0.40% |
| Calendar Year-to-Date | -0.40% |
Long-Term Portfolio
| Previous Quarter | -0.06% |
| Calendar Year-to-Date | -0.06% |
Long-Term Portfolio Compound Annualized Returns as of Dec. 31, 2025.
| Thirty Years | 7.48% |
| Twenty Years | 7.11% |
| Ten Years | 8.45% |
| Five Years | 6.87% |
| One Year | 18.39% |