Investment Fund Performance

Q2 2024 UPDATE / July 02, 2024

Investment Update

Q2 2024 continued to build on gains built throughout the first half of 2024 for the Diversified Fund and Endowment Investment Fund with the following takeaways:

  • The U.S. economy sustained its growth trajectory from the first quarter, posting modest gains after a sluggish April.
  • U.S. Equity Markets finished the quarter with gains of 4.3% after seeing a (5.7%) pullback in the early part of the quarter.
  • The latest GDP reading for the United States showed an increase of 1.3% annualized which was slightly above forecasted levels and shows a continued resiliency from consumers and the economy.
  • The Federal Reserve signals a strong chance that rate hikes are finished and the market is now pricing in at least two 0.25% rate cuts set for later this year.
  • S&P 500 establishes a new all-time high on June 18 closing at 5,487.03.

U.S. stocks in the S&P 500 grew 4.3% for the quarter. Small-cap stocks in the Russell 2000 fell (3.3%). International developed market stocks in the MSCI EAFE Index slightly fell (0.4%). Bonds in the Bloomberg U.S. Aggregate Bond Index finished higher, up 0.1%.

Benchmark performance will be available later this month once the Lipper Median returns are released.

Jun. 30, 2024 Performance
FUNDQTD1-YR3-YR
Diversified Fund
1.4%10.0%(0.3%)
Endowment Investment
1.4%10.0%(0.3%)
Fixed Income
0.3%4.5%(2.1%)
Notes: Historical returns are time-weighted and net of all fees. Returns greater than one year are annualized. Past performance is no guarantee of future returns.

Fund Details – Q3 2023

Diversified Fund
Endowment Investment Fund
Fixed Income Fund

Online Giving

If your church does not have the ability to receive online or electronic gifts, your members can make gifts online at https://lastinggood.org/donate/. They have the option to make a one-time gift or a recurring weekly, bi-weekly, or monthly gift for a specified time via bank account draft or debit/credit card. At the end of the transaction, there is a Message section where they can designate their gift for their church, ministry, and any special instructions. We will then forward the funds to your church to fund ministry. We do not charge a fee for this service but there is a 2.75% processing fee charged by the bank for debit/credit cards. There is no fee for bank account drafts.

Online Account Statements

If you are still receiving paper statements and would like the convenience and quicker receipt of statements, please complete the Google form here: Online Statement Request Form. Online statements are generally available on the second business day of each month. You will receive an email notification when they are available. You also have access to the previous 12 months of statements online.