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.

The Diocesan Foundation has posted its results for the September quarter. 

Investment gains totaled $5.3 million or 5.7%—a good quarter, although not as robust as the prior quarter.  Total assets reached a new high of $100 million in August, ending the quarter at $99.5 million, also a new quarter-end high.

Performance of the Diocesan Foundation has been updated for the second quarter. Q2 was a mirror image of Q1, with investment gains in the quarter off-setting the losses incurred in the first quarter.

Investment gains totaled $12.6 million or 15.3%–the best quarterly performance in the Foundation’s history. Total assets at quarter-end were $94.5 million.

First quarter 2020 investment results for the Diocesan Foundation have been posted to its website. The quarter experienced unprecedented volatility and the US stock market recorded one of its worst first quarters ever, with a loss in excess of 20%.

The Foundation’s results were better than most other investment managers, but investment losses totaled $12.5 million or -13.2%. Total assets declined to $82.3 million.

Diocesan Foundation results for the fourth quarter and the 2019 year have been posted.

Highlights for 2019:

• Total assets increased $27.2 million to a new high of $94.5 million
• Investment gains for the fourth quarter were $4.6 million or 5.8%
• Investment gains for the year were $13.1 million or 19.1%
• At year-end, the Foundation had 234 accounts, an increase of 15 accounts during the year

If you’d like to know more about the Foundation’s program, please contact us.

New Year’s Blessings,

Dan Butt