Investment Summary Q3 – 2018
Volatility remained the story with the headlines dominated by trade policy, increasing interest rates, the rebound in the U.S. dollar, and a stronger U.S. economy. U.S. large stocks in the S&P 500 Index were up 7.7% for the quarter marking the longest bull market in modern history. International stocks in the MSCI EAFE Index were up 0.8%. The U.S. dollar’s 2018 rebound has adversely affected non-dollar investments in the International Equity, Fixed Income, and Inflation Protection portfolios.
Quarter Ended September 30, 2018
- U.S. Equities +6.2% / International Equities (0.6%)
- Fixed Income +0.4% / Inflation Protection Strategies (0.6%)
Year-to-date September 30, 2018
- U.S. Equities +11.9% / International Equities (2.7%)
- Fixed Income (1.5%) / Inflation Protection Strategies (0.7%)
Year-to-date September 30, 2018 |
Trailing 1 Year September 30, 2018 |
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Diversified Fund | 2.5% | 6.3% | |
Lipper Median* | 2.0% | 5.3% | |
Over (Under) Performance | 0.5% | 1.0% | |
Endowment Investment Fund | 2.5% | 6.3% | |
Lipper Median* | 2.0% | 5.3% | |
Over (Under) Performance | 0.5% | 1.0% | |
Fixed Income Fund | (1.5%) | (0.8%) | |
BC U.S. Aggregate | (1.6%) | (1.2%) | |
Over (Under) Performance | 0.1% | 0.4% | |
* – Median returns from the Lipper mutual fund universe for balanced funds in the asset class category. As of 10/08/2018, the universe consisted of 5,182 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. |