ACS Investment Pool
The ACS Investment Pool is a broadly diversified, balanced investment portfolio that was established in 1968 to provide the Society, including ACS local sections and divisions, with a vehicle to invest long-term reserves.
How It Works
The Investment Pool operates like a mutual fund. Participants invest funds in the Investment Pool, the funds are combined and invested, and each participant receives shares representing a pro rata ownership of the Pool. Interest and dividends are distributed monthly on a per share basis, as are investment gains/losses.
Investment Objective
The primary investment objective of the ACS Investment Pool is to earn a real, or inflation-adjusted, total annual return of 5.5%. A secondary objective is to generate a minimum income yield of 4.0% per annum to support Society Programs as well as activities of participating local sections and divisions.
Strategy
- Diversified investment portfolio with a normal allocation of 60% in stocks, 38% in bonds, and 2% in cash equivalents. Market conditions may result in stock holdings ranging from a minimum of 50% to a maximum of 70% of total assets.
- Risk profile is that of a long-term investor. Volatility in market value is tolerated as long as there are reasonable expectations the fund will achieve the desired return over the long run.
- ACS tax-exempt status extends to the Investment Pool. Accordingly, the fund does not utilize tax-exempt securities or tax-sheltered investments.
- Purchase or liquidation of shares is available on a monthly basis.
- Low expense ratio of approximately 0.30% of assets in order to maximize the net after-fee return.
To Join and Participate
(Open to ACS local sections and divisions only)
- Minimum beginning contribution of $5,000.
- The purchase or sale of shares is the first of the month. Written notice authorizing the purchase or sale of shares shall be sent to the ACS Treasurer by mail or fax no later than the last day of the prior month.
- Investment income is distributed on a monthly basis. Income can be reinvested upon the request of the participant.
- Investment gains and losses are allocated pro rata to participant.
- The ACS Treasurer's Office provides quarterly and annual reports.
Asset and Performance Data
For more information on the ACS Investment Pool contact:
- Brian A. Bernstein 1-800-227-5558 ext. 4415, or (202) 872-4415; FAX: (202) 872-4604
- Ross M. Wilson 1-800-227-5558 ext. 4416, or (202) 872-4416