Easton Episcopal FundsCategory: News
Message from the Vice Chair, Jan. ’21
Despite Difficult Year, Fund Returns 15.58% in 2020. Last year was difficult. The first six weeks of 2020 was business as usual, but by mid-February,
Covid-19 had begun to affect our lives, the economy and the stock market. Initially, we didn’t know how severe the downturn would be or how long it would last. For 31 calendar days until March 23, the stock market went down. The S&P 500 was down more than 33%, although your fund was down 25%, a success of sorts.
Ranking by Morningstar
The Easton Episcopal Fund ranks in the top third among peers. The ranking is based on its 3- and 5-year annualized returns when compared with Morningstar “Moderate Allocation” Funds, a universe of approximately 900 funds with a 50%-70% equity allocation is… (Click title to read more)
Read MoreNews from the Board
Changes to the Board of Managers were announced by Chris Maxwell, Vice Chair. In 2020 we expanded our intellectual capital by creating an Investment Advisory Board (IAB) consisting of experienced, investment-savvy individuals who might be interested in being a candidate for the BOM in the future, or who have served on the BOM. Neither the members of the BOM nor the IAB are paid or remunerated in any way. All donate their time and expertise.
Read MoreFund Value Rose 3.19% in First Quarter of 2021
As of the end of the first quarter, the fund was up 3.19%, 12 bps better than our benchmark. Our equity portfolios were up and did better than their benchmarks, but our fixed income portfolio was down more than its benchmark. We saw our short term rank fall to 54th percentile for the quarter but stayed in the top 30th percentile for the prior 1, 3, and 5 years.
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Historical Quarterly Performance vs Benchmark
The chart below compares the fund return against our benchmark for each quarter since inception. The column on the far right shows the calendar year (or YTD) return. After the change to internal management in 2016, the Fund performance has exceeded the benchmark 60% of the periods. (Click title to read more)
Read MoreOur Mission
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.
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