Invested primarily in high quality, US Dollar-denominated money market instruments with remaining maturities of 13 months or less, this fund provides investors with the least amount of market risk and consequently the lowest total rate of return over time of UCF’s 13 funds. The Pension Boards-United Church of Christ, Inc. manages the Cash & Equivalent Fund on behalf of UCF —
Carrying a relatively low degree of market risk and total return over time, the Fixed Income Fund is invested primarily in intermediate and long-term US Dollar-denominated government and investment-grade corporate fixed income obligations. Four organizations manage portions of the Fixed Income Fund on behalf of UCF —
Carrying the highest degree of risk of any of UCF’s domestic funds, the Small Cap Equity Fund invests primarily in a diversified portfolio of US small capitalization stocks typically with an average market capitalization under $1.5 billion.
Invested largely in common stock of companies headquartered in developed countries, the International Equity Fund offers the opportunity to gain from even broader diversification with 15-35% invested in emerging markets.
The Alternatives Fund invests in a combination of hedge funds, real estate funds, real asset funds and other investments, seeking to increase diversification across additional asset classes and achieve returns not correlated with the indices of UCF’s current investment options.
A broadly diversified enhanced index portfolio invested in common stock of global corporations, the Beyond Fossil Fuels Fund avoids investments in exploration and production companies in the oil and gas industries and thermal coal companies.
Comprising units of the Domestic Core Equity, Small Cap Equity and International Equity Funds, the Total Equity Fund invests primarily in a broadly diversified portfolio of domestic and international common stocks of both small and large capitalization, and carries a higher degree of risk than UCF’s balanced funds.
Comprising units of the Fixed Income and Total Equity Funds, the Moderate Balanced Fund pursues a middle-of-the-road approach that emphasizes stock for higher capital appreciation potential, while maintaining a significant fixed income component to temper market volatility. Target allocation: 40% Fixed Income, 60% Total Equity.
For investors who prefer the Moderate Balanced Fund’s asset allocation, the Alternatives Balanced Fund provides the additional diversification of a modest allocation to the Alternatives Fund. Target allocation: 40-60% Total Equity, 20-40% Fixed Income, 10-30% Alternatives.
Pursuing a middle-of-the-road approach that emphasizes stocks for higher capital appreciation potential, the Beyond Fossil Fuels Balanced Fund maintains a significant fixed income component to temper market volatility, substituting the Beyond Fossil Fuels Fund for the equity allocation of UCF’s Moderate Balanced Fund. Target allocation: 50-70% Global Equity, 30-50% Fixed Income, 0-10% Cash.
Silicon Valley Bank’s collapse and the recent takeover of Credit Suisse Bank by UBS have sparked concerns of a more significant banking crisis and investment losses due to sudden events. David Klassen, Chief Investment Strategist, has prepared this statement to explain the event, market reaction and UCF’s position on our investment strategies. Click to read more.
UCF today announced that it exceeded goal in asset manager diversity by contracting of a new asset manager, Xponance, a Black-founded and majority Black-owned multi-strategy investment firm. Xponance will manage a portion of UCF’s large cap portfolio utilizing a passive, S&P 500 screened index strategy, consistent with UCF’s existing social screens.
As we celebrate Women’s History Month in March and International Women’s Day on March 8, Stacey Pettice, UCF’s Institutional Relationships Executive, sat down with Tina Byles Williams, founder, CEO and Chief Investment Officer of Xponance, to discuss the importance of diversity in finance management, responsible investing strategies and which women have most inspired Williams herself. Click to watch the video.