Diocesan Foundation investment results for the first quarter have been posted to the website. Uncertainty surrounding tariffs caused the US stock market to decline over 6% in the final month of the quarter. The gains achieved during the first two months were insufficient to overcome March losses, so the quarter was negative for stocks. Bonds achieved nice gains.

The overall investment loss was $1.8 million or -1.3%. Total assets declined to $138.8 million at quarter-end.

Stock market volatility has increased in April and additional losses have been sustained. Market activity is monitored closely. While current market conditions are worrisome, the Foundation invests for the long-term and believes that its model portfolios are allocated to meet investment objectives over time.