Investment Fund Performance

Q4 2023 UPDATE / January 04, 2024

Investment Update

Q4 2023 strongly grew gains built throughout 2023 for the Diversified Fund and Endowment Investment Fund with the following takeaways:

  • The U.S. economy continues to remain resilient; recession worries pushed to 2024 while economic growth and unemployment continue to beat expectations
  • S. Equity Markets finished the year with gains of 26.3% after seeing a near 10% correction in the early part of the quarter.
  • The Consumer Price Index measuring inflation falls to 3.1% in latest reading with key contributions from the fall in oil and shelter prices.
  • Fed signals potential end to rate hikes in this Fed Hiking Cycle and exploring more rate cuts than initially planned in 2024.
  • S&P 500 comes within 0.3% of all-time high last seen on January 3, 2022 almost exactly two years ago.

U.S. stocks in the S&P 500 were strongly up 11.7% for the quarter.  Small-cap stocks in the Russell 2000 gained 14.0%.  International developed market stocks in the MSCI EAFE Index increased 10.4%.  Bonds in the Bloomberg U.S. Aggregate Bond Index finished up 6.8%.

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

Dec. 31, 2023 Performance
Diversified Fund
Endowment Investment
Fixed Income
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

Online Giving

If your church does not have the ability to receive online or electronic gifts, your members can make gifts online at 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.