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 Fund and Total Equity Fund, with a higher allocation of fixed income to equities, the Conservative Balanced Fund offers the lowest return potential of UCF’s three balanced funds over time, but also the lowest market risk. Target allocation: 65% Fixed Income, 35% Total Equity.
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.
Comprising units of the Fixed Income and Total Equity Funds, with the highest allocation to equities and correspondingly higher degree of market risk, the Aggressive Balanced Fund offers the highest return potential of UCF’s three balanced funds. Target allocation: 25% Fixed Income, 75% 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.
UCF today announced the launch of the Just World Fund, a fixed income impact fund that will enable churches and faith-based organizations to leverage their investable assets to address global economic justice, fair housing, human rights to water and nutrition, and solutions for environmental security.
In light of the UNGA meeting, UCF is pleased to share some of the work we have accomplished to support the UN Sustainable Development Goals to guide the international community in common pursuit of solving the world’s problems. UCF has contributed to the positive outcomes of several global goals using our core socially responsible investing strategies of engagement, asset alignment and innovative product offerings.