Investment Summary Q2 – 2019

It was a volatile quarter due to continuing trade tensions with China weighing on the market in May but gains in late June resulted in a positive quarter adding to Q1 gains. U.S. large stocks in the S&P 500 Index gained 4.3% for the quarter and reached an all-time high on July 1. Growth stocks continue to out-perform across U.S. small, mid, and large-cap equity strategies. International developed stocks in the MSCI EAFE Index were up 2.5%. The Bloomberg Barclays U.S. Aggregate bond index gained 3.1% for the quarter.

Year-to-date June 30, 2019

  • U.S. Equities 21.0%     /   International Equities 16.1%
  • Fixed Income 7.4%    /   Inflation Protection Strategies 6.3%
Year-to-date
June 30, 2019
Trailing 3 Years
June 30, 2019
Diversified Fund 13.8% 9.0%
Lipper Median* 11.5% 7.1%
Over (Under) Performance 2.3%   1.9%
Endowment Investment Fund 13.8% 9.0%
Lipper Median* 11.5% 7.1%
Over (Under) Performance 2.3%   1.9%
Fixed Income Fund 7.1% 3.8%
BC U.S. Aggregate 6.1% 2.3%
Over (Under) Performance 1.0%   1.5%
* – Median returns from the Lipper mutual fund universe for balanced funds in the asset class category. As of 7/9/2019, the universe consisted of 4,802 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.