UCF 2018 JO 1

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.

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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