Investment Summary Q3 – 2017

The markets continued to advance in the 3rd quarter as a result of strong U.S. corporate earnings, record low unemployment rates, and continued low inflation. The S&P 500 reached an all-time high during the quarter for U.S. large stocks. International stocks have benefitted from the rebound in emerging markets. It has been an excellent year for absolute investment performance with all four broad asset allocation strategies of the Diversified/Endowment Investment Funds with positive performance:

Quarter Ended September 30, 2017

  • U.S. Equities +4.1%     /   International Equities +7.9%
  • Fixed Income +1.6%    /   Inflation Protection Strategies +1.4%

Year-to-date ended September 30, 2017

  • U.S. Equities +13.4%     /   International Equities +24.2%
  • Fixed Income +5.9%    /   Inflation Protection Strategies +2.7%

 

Year-to-date
September 30, 2017
12 months Ended
September 30, 2017
Diversified Fund 4.1% 12.7%
Lipper Median* 3.1% 9.8%
Over (Under) Performance 1.0%   2.9%
Endowment Investment Fund 4.1% 12.7%
Lipper Median* 3.1% 9.8%
Over (Under) Performance 1.0%   2.9%
Fixed Income Fund 1.6% 5.8%
BC U.S. Aggregate 0.9% 3.2
Over (Under) Performance 0.7%   2.6%
* – Median returns from the Lipper mutual fund universe for balanced funds in the asset class category. As of 9/30/2017, the universe consisted of 5,000+ 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.