Investment Fund Performance

Q3 2022 UPDATE / October 4, 2022

Investment Update 

As mentioned last quarter, the markets continue to experience increased volatility in 2022 due to:

  • Highest inflation levels in 40 years
  • Global central banks aggressively tighten
  • Fed rate hikes lead to continued bond losses
  • Stocks in bear market, closing the quarter near YTD lows
  • Higher probability of a global recession
  • S. dollar near 40 year high
  • Global challenges abound, including high energy prices in Europe

U.S. stocks in the S&P 500 have declined 23.9% YTD.  Small-cap stocks in the Russell 2000 declined 25.1%.  International developed market stocks in the MSCI EAFE index were down 27.1%.  Bonds also struggled with the Bloomberg U.S. Aggregate Bond Index down 14.6%.

We remain focused on the long-term nature of endowments, portfolio diversification, and a disciplined approach.  Our investment manager, Wespath Institutional Investments, shares the same investment philosophy.  Wespath has successfully weathered many market downturns over the past century and will continue to prudently manage our assets, staying true to their long-term investment approach.  Additional Q3 comments from Wespath can be found at:

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

Sept. 30, 2022 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 2022

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.