Investment Summary, Q1 – 2017
The markets continued to their post-election run. It was a solid quarter for absolute investment performance with all four broad asset allocation strategies of the Diversified/Endowment Investment Funds in positive territory:
- U.S. Equities +5.4% / International Equities +8.6%
- Fixed Income +2.0% / Inflation Protection Strategies +1.3%
The Funds out-performed peers in the Lipper Median due to:
- Overweight to emerging market stocks in the international equity portfolio
- Allocations to emerging market debt and high yield bonds in the fixed income portfolio
Qtr Ended March 31, 2017 |
12 months Ended March 31, 2017 |
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Diversified Fund | 4.8% | 11.1% | |
Lipper Median* | 3.9% | 9.7% | |
Over (Under) Performance | 0.9% | 1.4% | |
Endowment Investment Fund | 4.8% | 11.1% | |
Lipper Median* | 3.9% | 9.7% | |
Over (Under) Performance | 0.9% | 1.4% | |
Fixed Income Fund | 2.0% | 4.2% | |
BC U.S. Aggregate | 1.8% | 0.5% | |
Over (Under) Performance | 0.2% | 3.7% | |
* – Median returns from the Lipper mutual fund universe for balanced funds in the asset class category. As of 3/31/2017, the universe consisted of
5,057 peers. Source: Wilshire Associates, Lipper, and Wespath
Notes: Historical returns are time-weighted and net of all fees. Returns greater than one year are annualized. Past performance is no guarantee of future returns. |
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