Investment Summary Q2 – 2018

The markets remained volatile in the 2nd quarter as geopolitics dominated the headlines resulting in mixed returns for the quarter. U.S. large stocks in the S&P 500 Index were up 3.4% but international stocks in the MSCI EAFE Index were off (2.3%). The U.S. dollar rebounded significantly during the quarter which adversely affected non-dollar investments in the International Equity, Fixed Income, and Inflation Protection portfolios. The U.S. Equity portfolio benefitted from diversifying allocations to small and mid-size companies.

Quarter Ended June 30, 2018

  • U.S. Equities +5.1%     /   International Equities (2.6%)
  • Fixed Income (1.3%)    /   Inflation Protection Strategies (0.5%)

Year-to-date June 30, 2018

  • U.S. Equities +5.4%     /   International Equities (2.1%)
  • Fixed Income (1.9%)    /   Inflation Protection Strategies (0.1%)
Year-to-date
June 30, 2018
Trailing 1 Year
June 30, 2018
Diversified Fund 0.6% 8.6%
Lipper Median* (0.3%) 6.1%
Over (Under) Performance 0.9%   2.5%
Endowment Investment Fund 0.6% 8.6%
Lipper Median* (0.3%) 6.1%
Over (Under) Performance 0.9%   2.5%
Fixed Income Fund (1.8%) 0.4%
BC U.S. Aggregate (1.6%) (0.4%)
Over (Under) Performance 0.2%   0.8%
* – Median returns from the Lipper mutual fund universe for balanced funds in the asset class category. As of 07/13/2018, the universe consisted of 5,086 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.