Investment Summary Q1 – 2019

What a difference a quarter makes. After a difficult end to 2018, the markets rebounded significantly in Q1 2019. The recovery was driven by the Fed’s reversal on monetary policy regarding interest rate increases and acceptable inflation levels, positive headlines on trade negotiations with China, and solid earnings. U.S. large stocks in the S&P 500 Index gained 13.7% and are back near all-time high levels set in 2018. Growth stocks out-performed across U.S. small, mid, and large-cap equity strategies. International developed stocks in the MSCI EAFE Index were up 9.0%. The Bloomberg Barclays U.S. Aggregate bond index gained 2.9% for the quarter.

Year-to-date March 31, 2019

  • U.S. Equities 15.6%     /   International Equities 12.6%
  • Fixed Income 3.9%    /   Inflation Protection Strategies 3.5%
Year-to-date
March 31, 2019
Trailing 3 Years
March 31, 2019
Diversified Fund 10.1% 8.3%
Lipper Median* 8.4% 8.4%
Over (Under) Performance 1.7%   (0.1%)
Endowment Investment Fund 10.1% 8.3%
Lipper Median* 8.4% 8.4%
Over (Under) Performance 1.7%   (0.1%)
Fixed Income Fund 3.7% 3.7%
BC U.S. Aggregate 2.9% 2.0%
Over (Under) Performance 1.2%   1.7%
* – Median returns from the Lipper mutual fund universe for balanced funds in the asset class category. As of 4/05/2019, the universe consisted of 5,005 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.