2018 ANNUAL REPORT
Investing with a Mission: Performance Beyond the Numbers
T A B L E O F CO N T EN TS
2
5
UCF in Years
9
Investment Commentary
11
13
16
Values-Aligned Investing
17
SDG
18
19
20
21
22
President’s Letter
Picture
Clients
New Clients
Board of Directors and Staff
Investment Performance
UCF and SDG
Selected Financial Information
United Church Funds (UCF) supports our clients’ missions and generates outstanding values-aligned investment performance. Our vision is investment that creates a just world for all. United Church Funds (UCF) was established in 1909 to administer the Pilgrim Memorial Fund for the benefit of retired pastors and has since evolved into a full-service investment manager with over $xx million in assets under management. For more than 100 years, UCF has been supporting the missions of churches, ministries and faith-based organizations by offering: • Faith-based investing and endowment solutions • Diversified funds that span the spectrum of risk and return • Competitive performance and attractive fee structures • Non-profit setting, values-aligned and commitment to improving the world
PRESIDEN T’S L E TTE R
United Church Funds is pleased to report on another positive year for our clients and partners. Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci ta tion ullamcorper suscipit lobortis nisl ut aliquip ex ea commodo co nsequat. Duis autem vel eum iriure dolor in hendrerit in vulputate velit esse m olestie consequat, vel illum dolore eu feugiat nulla facilisis at vero eros et accumsan et iusto odio dignissim qui blandit praesent luptatum zzril delenit augue duis dolore te feugait nulla facilisi. Lorem ipsum dolor sit amet, cons ectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wis i enim ad minim veniam, quis nostrud exerci tation ullamcorper suscipit lobortis nisl ut aliquip ex ea commodo consequat. Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper suscipit lobortis nisl ut aliquip ex e a commodo con se quat. Duis a utem vel eum iriure d olor in hendrerit in vulputate velit esse molestie consequat, vel illum dolore eu feugiat nulla facilisis at vero eros et accumsan et iusto odio dignissim qui blandit praesent luptatum zzril delenit augue duis dolore te feugait nulla facilisi. Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper suscipit lobortis nisl ut aliquip ex ea commodo conseq uat. Duis autem vel eum iriure dolor in hendrerit in vulputate velit esse molestie consequat, vel illum dolore eu feugiat nulla facilisis at vero eros et acc umsan et iusto odio dignissim qui blandit praesent luptatum zzril delenit augue duis dolore te feugait nulla facilisi. Lorem ipsum dolor sit amet, cons ectetuer adipiscLorem ipsum dolor sit amet, cons ectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut la oreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim ve niam, quis nostrud exerci tation ullamcorper suscipit lobortis nisl ut aliquip ex ea nostrud exerci tation ullamcorper suscipit lobortis nisl ut aliquip ex ea Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper suscipit lobortis nisl ut aliquip ex ea commodo conseq uat. Duis
Donald G. Hart President
United Church Funds 475 Riverside Drive, Suite 1020 New York, NY 10115 877-806-4989 ucfunds.org
@UCFunds /ucfunds /united-church-funds