The Diocesan Foundation’s performance data has been updated for Q1 2023.

All Model Portfolios achieved gains for the quarter. Overall, investment gains totaled $4.5 million or 4%. Total assets increased to $114.7 million.

Investment results for the December quarter have now been posted to the website.

Quarter 4 results were much improved compared to earlier in the year, but insufficient to overcome prior losses. For the quarter, the Foundation had investment gains of $6.5 million or 6.3%. For the year, losses totaled $20.3 million or -15.4%.

Investment markets in 2022–both stocks and bonds–were the most difficult in decades. The Foundation’s results were the worst since the financial crisis of 2008.

Assets at year-end totaled $110.4 million comprised of 271 accounts.

The website has been updated with performance information for the quarter ending September 30th.

Investment markets continued to be difficult. Performance of common stocks improved from the June quarter, but remained in the red. Performance of bonds worsened, with bond losses of 14.5% for the year. Money Market yields increased to about 0.4%.

Performance of the Foundation’s managers improved for the quarter and are in line with other managers. The Foundation’s investment loss for the quarter was $4.5 million or -4.2%.

The Foundation’s website has been updated for the June, 2022 quarter.

As reported widely, investment markets for the second quarter sustained significant losses. This was true for both stock and bond markets. Consequently, the Foundation sustained losses not seen since the onset of COVID in the first quarter of 2020.

The Diocesan Foundation’s Quarterly Report for the quarter ended March 31st has been posted to its website.

The first quarter of 2022 was a difficult one for all investors as the markets for both stocks and bonds lost money. These market declines caused the Foundation to sustain a loss of $8.6 million or 6.5%. The Foundation’s investment managers underperformed their peer groups and index benchmarks. Total assets declined to $124.3 million.

As explained in the Quarterly Report, asset allocations of three of the Foundation’s model portfolios were changed in mid-February to reduce risk and make the models somewhat more defensive.

Foundation results for the fourth quarter of 2021 have been posted.

The Foundation ended the year with total assets of $132.6 million–a new high. Investment gains for the quarter totaled $6.2 million and $14.1 million for the year. For the quarter the gains were 3.7% and for the year 12.1%.

A total of 15 new accounts were opened during the quarter, with initial deposits of $1.9 million. During the year 25 new accounts were added with beginning balances of $2.7 million.

The website has been updated to include results for the quarter ending September 30th.

Investment markets turned negative in September resulting in the Foundation sustaining a loss of $316 thousand and 0.25%. Year-to-date investment gains total $9.5 million and 8.1%.

The Foundation’s investment performance has been updated through June 30, 2021.

Total assets reached a new high of $126.5 million. Investment gains for the quarter totaled $6.2 million or 5.2%. Year-to-date investment gains total $9.8 million or 8.4%.

The Foundation’s website has been updated to include results for the first quarter of 2021. The update includes a Quarterly Report and detailed results of the Foundation’s model portfolios.

Overall, investment gains totaled $3.6 million or 3.1%. Total assets reached a new high of $119.9 million.

Information for the Diocesan Foundation has been updated for the fourth quarter of 2020. Highlights:

• Investment gains for the quarter totaled $12 million; for the year $17.5 million
• Quarter gain percentage of 11.6%; for the year 18.3%
• Total assets at year-end totaled $115.7 million–a new high
• Foundation managers outperformed other managers and passive indices by significant amounts for the year.

We can all be thankful that in a year when many things were dark, investment markets were a bright spot.