While uncertainty seems to be the theme of the day, and of course there has been an end of summer market down-draft, partly in conjunction with possible continued interest rate increases and their effect and partly due to global instability,…
Steady hands help to produce consistent performance
Did we hold any Silicon Valley Bank or Signature Bank stock?
We do not own any individual stocks or bonds.
Chart detailing performance since inception by quarterly benchmark comparison
None of the Fed’s 2022-23 rate raises have surprised the Board of Managers.
Established on March 31, 2010, the Easton Episcopal Fund of the Diocese of Easton is an investment fund available to parishes and other diocesan entities. Under the direction of the Board of Managers this fund provides carefully-managed, cost-efficient and risk-controlled investment that allows its investors to focus on their primary missions of worship, outreach, and maintenance of the parish and the diocese.
The Fund currently pursues an indexed approach to investing, and has realized significant gains since inception. It has consistently ranked in the top third, or better, among similar mutual funds.
Fund performance is monitored against a benchmark composite index with about 65% equity and 35% bonds.
The Board of Managers determines the investment direction for the Fund. Following an overall strategic plan, they may adjust allocations or investment positions according to market conditions. Their overall goal is to provide reliable and growing returns to support the individual missions of the parishes and diocesan institutions.