|
Model Portfolio Review
Three of the Foundation’s four model portfolios sustained
losses averaging about 1.2% for the quarter, with only the
Capital Maintenance model eking out a slight gain.
Performance of the models compared to their respective peer
groups deteriorated during the quarter and was generally
unfavorable. Longer-term comparisons continue to be
favorable. Performance compared to passive indices was
likewise unfavorable, generally, for the quarter and
favorable long-term.
Details of the performance of the four models are shown
below.
Asset Class Investment Results
The Foundation’s performance
this quarter for the three assets classes in which it
invests, along with comparative benchmark returns, are shown
in the following table.
|
Asset Class |
Return |
Benchmark |
|
Common Stocks |
-1.8% |
-1.7% |
|
Fixed Income |
-1.3% |
-1.0% |
|
Cash Equivalents |
0.6% |
0.5% |
Account Status
Total Foundation assets at quarter-end were $35.5 million, a
decrease of $100 thousand during the quarter. Investment
losses totaled $415 thousand or -1.2%. Six new accounts were
adding during the quarter with initial deposits of $284
thousand. At quarter-end the Foundation had a total of 131
accounts as follows:
|
Ownership |
Number of Accounts |
Amount |
|
Churches/Schools |
81 |
$ 13.7 million |
|
Diocese |
50 |
21.8 million |
| 
