Fund Performance

Fund Performance

Q4 2020 Update / January 5, 2021

Investment Update

Equities continued their advance in Q1 while fixed income investments declined. The rate of new COVID-19 cases declined globally as vaccinations continue to roll out including the addition of Johnson & Johnson’s single dose vaccine option. Unemployment continues to improve ahead of expectations as economies reopen and business activity increases. Value stocks out-performed growth stocks for the second consecutive quarter. The Russell 3000 Growth Index returned 1.2% while the Russell 3000 Value Index gained 11.9%. The economic recovery has impacted inflationary concerns, interest rates, and fixed income investments. The U.S. 10 Year Treasury yield increased from 0.9% to 1.7% in Q1 adversely affecting fixed income holdings.

U.S. stocks in the S&P 500 gained 6.2% for the quarter. International developed stocks in the MSCI EAFE Index were up 3.5% for the quarter. The Barclays U.S. Aggregate Bond Index was down (3.4%) for the quarter.

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

Online Giving

If your church does not have the ability to receive online or electronic gifts, your members can make gifts through our website at https://okumf.org/services/online-giving/. 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.

March 31, 2021 Performance
Qtr
1 Year
3 Years
Diversified Income Fund
1.8%
43.1%
10.4%

Endowment Investment Fund
1.8%
43.1%
10.4%

Fixed Income Fund
(3.1%)
7.7%
4.6%

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.

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