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
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.